000000000000000000000000000000000000000

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
0 0 0 0annual
00000000000000000000000000000000000
000000000000000000000000000000000000000
0 0 0 0 0 0report
000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
ISO 9001 : 2000
ISO 14001 : 2004

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
0 0 0 0Daftar
0 0 0 0 0 0of0Contents
0000000000000000000000000000
0 0 0 0 0 0 0Isi0Table
0000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
01

Visi, Misi, Nilai-nilai dan Kebijakan Mutu Perusahaan Vision, Mission, Values and the

Companys Quality Policies

03

Ikhtisar Keuangan Financial Highlights

Komisaris President Commissioners Report

Report

08

04

Laporan Presiden

Laporan Presiden Direktur President Directors

13 Profil Perseroan Company Profile 20 Ikhtisar Mengenai Saham Summary on Shares

21 Tata Kelola Perusahaan yang Baik Good Corporate Governance 32 Laporan Komite Audit

Audit Committees Report

and Review

36 Analisis dan Pembahasan Manajemen Management Analysis

46 Struktur Organisasi Organizational Structure 47 Lembar Persetujuan Dewan

Komisaris dan Dewan Direksi Approval of the Board of Commissioners and the Board of
Directors

49 Laporan Auditor Auditors Report

Visi, Misi, Nilai-Nilai dan Kebijakan Perusahaan

Vision, Mission, Values and The Companys Quality Policies

Visi
Menjadikan PT Jembo Cable Company Tbk. sebagai produsen yang terdepan dalam industri
kawat dan kabel :
Reputasi yang sangat baik.
Posisi keuangan yang sehat.
Lingkungan kerja yang sehat.
Pengembangan yang berkesinambungan.
Misi
Menjadikan seluruh mitra usaha kita sebagai pemenang, antara lain :
Pelanggan kita,
Karyawan kita,
Penyalur, agen dan pemasok kita,
Pemegang saham kita.
Memberi peluang kepada karyawan untuk menjadi unggul sehingga berdampak baik bagi
pertumbuhan Perusahaan.
Dengan meletakkan dasar yang baik dan kuat sehingga memungkinkan karyawan untuk
meraih target mereka sesuai dengan kemampuannya.

Vision
PT Jembo Cable Company Tbk. to be the leading manufacturer in Cable & Wire industry
Outstanding reputation.
Healthy financial standing.
Healthy work environment.
Continually improving.
Mission
To make all of our business partners win, i.e.
Our customers,
Our employees,
Our agents, distributors and suppliers,
Our stakeholders.
To provide opportunities for our people to excel and hence make the company grow.
By laying a good and strong foundation enabling our people to reach to their potential.

01

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Nilai-Nilai
Memberikan nilai tambah dari apapun yang kita kerjakan.
Pelanggan adalah pusat sasaran dari seluruh yang kita kerjakan.
Pengembangan yang berkesinambungan merupakan kunci sukses kita.
Setiap orang, tanpa pengecualian, terlibat, diberdayakan dan kontribusi mereka diakui serta
prestasi mereka dihargai.
Kami bertanggung jawab terhadap komunitas di tempat tinggal kita dan masyarakat dunia.
Menjadikan PT Jembo Cable Company Tbk. tempat bekerja yang baik, menyenangkan,
aman dan sehat. Kita bekerja sebagai kelompok di dalam lingkungan yang saling
mempercayai, menghormati menghargai, jujur dan adil.

Kebijakan Mutu
PT Jembo Cable Company Tbk. berusaha untuk menjadi produsen yang terdepan dalam
industri kawat dan kabel di Indonesia.
Kami bertekad untuk memproduksi produk yang sesuai dengan kebutuhan dan persyaratan
yang diinginkan oleh pelanggan.
Setiap orang terlibat, bermotivasi dan berpengetahuan untuk membuat kemajuan yang
berkesinambungan dalam rangka menuju pencapaian prestasi yang luar biasa.

Values
Adding value in everything we do.
Customers are the focus of everything we do.
Continual improvement is the key to our success.
Everybody, no exception, is involved and empowered Each contribution and
accomplishment is recognized and rewarded.
We are responsible to the communities in which we live and work and to the world
community as well.
Make PT Jembo Cable Company Tbk. a great, fun, safe and healthy place to work We work
as a team in an environment of mutual trust, honest, respect, fair and dignity.

Quality Policy
PT Jembo Cable Company Tbk. strives to be the leading manufacturer in the cable and
wire industry in Indonesia.
We are committed to deliver product meeting customers requirements.
Everyone is involved, motivated and knowledgeable to make continual progress forwards
achieving excellence.

02

Ikhtisar Keuangan Financial Highlights

Dalam Miliar Rupiah | In Billion Rupiahs

2004

2005

2006

2007

2008

151,2

151,2

151,2

151,2

151,2

75,6

75,6

75,6

75,6

75,6

Aset Lancar Current Assets

Investasi Saham Shares Investment
Aset Tetap Fixed Assets
Aset lain-lain Other Assets
Jumlah Aset Total Assets

195,7
0,9
96,2
9,2
302,0

219,0
1,0
95,0
7,7
322,7

251,2
1,0
99,7
10,7
362,6

363,5
1,6
93,9
11,5
470,5

558,9
1,5
90,1
22,9
673,4

Kewajiban Lancar Current Liability

Kewajiban Tidak Lancar Non-Current Liability
Ekuitas Equity
Jumlah Kewajiban & Ekuitas Total Liability & Equity

205,1
31,9
65,0
302,0

236,6
22,8
63,0
322,7

266,3
32,8
63,5
362,6

359,8
23,4
87,3
470,5

568,5
17,7
87,2
673,4

360,9
311,0
49,9
12,4
0,9
6

428,1
370,3
57,8
15,7
(2,0)
(14)

448,0
401,0
47,0
10,6
0,6
4

735,6
634,5
101,1
51,1
22,9
152

1131,1
1026,6
104,5
55,4
0,08
0,52

0,3

(0,6)

0,2

4,9

1,4

(3,2)

0,9

26,2

96,0
364,0

93,0
411,0

94,3
471,0

101
438,9

154
672,3

78,0

80,0

82,5

81,4

87

21,5

19,6

17,5

18,6

12,9

14,0

13,0

10,5

13,7

9,2

3,4

3,7

2,4

6,9

4,9

0,2

(0,5)

0,1

3,1

(Kecuali jumlah Saham yang beredar dan laba bersih per saham)
(Except for Shares in circulation and net profit per share)

Permodalan Capital
Jumlah Saham yang beredar (dalam juta lembar)
Number of Shares in Circulation
Modal Saham Share Capital
Posisi Keuangan Financial Position

Hasil Usaha Operational Results

Penjualan Bersih Net Sales
Beban Pokok Penjualan Cost of Good Sold
Laba (Rugi) Kotor Gross Profit (Loss)
Laba (Rugi) dari Usaha Operating Profit (Loss)
Laba (Rugi) Bersih Net Profit (Loss)
Laba (Rugi) Bersih per Saham (dalam rupiah penuh)
Net Profit (Loss) per Share (in full rupiah)
Rasio-Rasio Keuangan Financial Ratios
Laba (Rugi) Bersih / Jumlah Aset
Net Profit (Loss) / Total Assets
Laba (Rugi) Bersih / Modal Sendiri
Net Profit (Loss) / Equity
Rasio Lancar Current Ratio
Kewajiban / Modal Sendiri
Liability / Equity Capital
Kewajiban / Jumlah Aset
Liability / Total Assets
Ekuitas / Jumlah Aset
Equity / Total Assets
Laba Kotor / Penjualan Bersih
Gross Profit / Net Sales
Laba (Rugi) Usaha / Penjualan Bersih
Operating Profit (Loss) / Net Sales
Laba (Rugi) Bersih / Penjualan Bersih
Net Profit (Loss) / Net Sales

03

Laporan Dewan Komisaris Message of the Board of Commissioners

Para Pemegang Saham yang terhormat,

Kiranya tidaklah berlebihan bila kami panjatkan puji dan syukur kepada Tuhan Yang Maha
Esa, yang oleh karena anugrah-Nya, telah menghantarkan PT Jembo Cable Company Tbk.
melewati tahun 2008.
Dewan Komisaris telah meneliti dan menyetujui Laporan Keuangan Konsolidasi Perseroan
tahun 2008 yang telah diaudit oleh Kantor Akuntan Publik Tanubrata Sutanto & Rekan, dengan
pendapat Wajar Tanpa Pengecualian. Dan untuk itu kami sangat menghargai kerja keras
yang telah dilakukan oleh jajaran Direksi dalam upaya meningkatkan pertumbuhan Perseroan,
serta menjaga konsistensi pengelolaan Perseroan agar tetap searah dengan tekad penerapan
Tata Kelola Peruasahaan yang baik.
Bila dibandingkan dengan tahun 2007, penjualan konsolidasi Perseroan tahun 2008 mengalami
peningkatan sebesar Rp395,5 miliar atau sekitar 53,8%, dari Rp735,6 miliar pada tahun 2007
menjadi Rp1.131,1 miliar pada tahun 2008. Namun peningkatan penjualan tersebut tidak
diikuti oleh peningkatan laba bersih setelah pajak. Pada tahun 2008 Perseroan hanya
membukukan laba bersih setelah pajak sebesar Rp0,08 miliar, hal ini lebih banyak disebabkan
oleh kerugian selisih valuta asing.

Dear Shareholders,
We have to thank the Lord Almighty, as it is only because of His grace that PT Jembo Cable
Company Tbk. was able to pass the year 2008.
The Board of Commissioners has studied and approved the Consolidated Financial Statements
of the Company for 2008, audited by the Accountant Public Office of Tanubrata Sutanto &
Partners, with an Unqualified Opinion Without Exception. We highly appreciate the hard
work of the Board of Directors in their efforts to improve the Companys growth, and constantly
maintaining the management of Company in compliance with the commitment to maintain
Good Corporate Governance.
Compared to 2007, the Companys consolidated sales in 2008 underwent an increase of
Rp.395.5 billion or circa 53.8% from Rp.735.6 billion in 2007 to become Rp.1, 131.1 billion in
2008. This increase in sales was, however, not followed by increase in net profit after tax. In
2008 the Company only booked a net profit after tax of Rp.0, 08 billion, this was mainly due
to losses in the translation of foreign exchange.

04

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Walaupun perjalanan di tahun 2009 masih akan dibayang-bayangi oleh krisis global, tetapi
secara umum peningkatan angka penjualan konsolidasi Perseroan yang disampaikan oleh
Direksi, merupakan hal positif yang menunjukan adanya peluang besar yang menjanjikan
bagi prospek Perseroan dimasa mendatang. Karena kebutuhan kabel masih akan terus
meningkat seiring dengan pembangunan di berbagai belahan dunia. Namun demikian
Perseroan juga harus dapat mempertahankan hasil yang telah dicapai dan terus
meningkatkannya demi mencapai hasil yang maksimal pada waktu mendatang.

Guna terus meningkatkan kinerja Perseroan, Dewan Komisaris meminta kepada jajaran Direksi
untuk lebih meningkatkan pengawasan dalam menjalankan Perseroan, memperhatikan risiko
yang mungkin timbul akibat dari operasional, dan mempersiapkan langkah-langkah
antisipasinya. Hal lain yang tidak kalah penting adalah mempersiapkan langkah-langkah
strategis terutama dalam menghadapi dampak dari pasar global serta gelombang krisis
global yang hampir dapat dipastikan akan menimbulkan persaingan yang semakin ketat.
Dalam melaksanakan tugas, Dewan Komisaris dibantu oleh Komite Audit yang melakukan
fungsi pengawasan terhadap jalannya Perseroan dalam rangka menjaga agar pengelolaan
Perseroan tetap sejalan dengan peraturan perundang-undangan yang berlaku serta memenuhi
ketentuan tata kelola perusahaan yang baik.

Although performance in 2009 shall still be overshadowed by the global crisis, in general the
improvement of the Companys consolidated sales rate submitted by the Board of Directors,
still shows a positive great opportunity for the Companys prospect in the coming years. This
is due to the fact that the need for cable shall continuously increase in line with the development
in various parts of the world. Therefore the Company has to maintain its achievement and
constantly improve it for a maximal result in the years ahead.
To constantly improve the Conpanys performance, the Board of Commissioners has requested
the Board of Directors to consistently improve supervision of the Companys activities, pay
attention to risks arising from operational and steps in anticipating such incident. A not lesser
important matter is preparing strategical steps especially in anticipating the impact of the
global market and the waves of the global crisis, which will surely cause a more stringent
competition.

In executing its tasks, the Board of Commissioners is assisted by the Audit Committee carrying
out supervision functions on the operation of the Company in the framework of maintaining
the Companys management to be in line with prevailing laws and regulation and comply
to good corporate governance.

05

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Pada akhirnya, Dewan Komisaris mengucapkan terima kasih kepada para Pemegang Saham,
Pelanggan, mitra kerja dan semua pihak yang telah memberikan dukungan serta kepercayaan
bagi usaha peningkatan kinerja Perseroan. Dan kiranya Tuhan senantiasa memberkati kita
semua.

As a closing remark the Board of Commissioners wish to convey their thanks to all Shareholders
and all parties who have given their support and trust to the Company in improving its
performance. May God bless us all.

Tangerang, April 2009

Drs. IGM. Putera Astaman

Presiden Komisaris & Komisaris Independen
President Commissioner & Independent Commissioner

06

Profil Dewan Komisaris Profile of the Board of Commissioners

Drs. I Gusti Made Putera Astaman

Presiden Komisaris & Komisaris Independen
President Commissioner & Independent Commissioner
Beliau adalah Purnawirawan Angkatan Kepolisian Republik Indonesia dengan Pangkat terakhir
Mayor Jenderal Polisi. Menjabat sebagai Komisaris Perseroan sejak tahun 1994. Aktif dalam
berbagai organisasi di Indonesia.
A retired Major General of the Republic of Indonesia Police Force. Has held the position of
the Companys Commissioner since 1994. Still active in several organizations in Indonesia.

Ny. Hauw Ay Lan

Komisaris
Commissioner
Menjabat sebagai Komisaris Perseroan sejak tahun 1977 hingga saat ini. Selain itu beliau
merupakan Direktur Utama PT Monas Permata Persada sejak tahun 1992.
Held the position of the Companys Commissioner since 1977 up to the present. She is also
the President Director of PT Monas Permata Persada since 1992.

Drs. Andreas S. Soedjijanto MBA, FLMI

Komisaris Independen
Independent Commissioner
Menjabat sebagai Komisaris Independen sejak tahun 2001. Mendapat gelar Master of Business
Administration dari BRVB Trisakti. Saat ini beliau menjabat sebagai Direktur PT. Indolife
Pensiontama.
Held the position of Independent Commissioner since 2001. Obtained a Master of Business
Administration from BRVB Trisakti. He is currently also a Director of PT Indolife Pensiontama.

07

Laporan Dewan Direksi report of the Board of Commissioners

Para Pemegang Saham yang terhormat,

Puji Syukur kami panjatkan kepada Tuhan yang Maha Esa yang telah melimpahkan rahmat
dan anugrah-nya, sehingga kita semua dapat melalui tahun 2008 dengan baik.
Tahun 2008 merupakan tahun yang penuh dengan tantangan. Gelombang krisis ekonomi
yang mulai melanda dunia khususnya beberapa bulan di penghujung tahun, menimbulkan
banyak goncangan bagi dunia usaha. Hal ini selain menjadikan semakin tingginya tingkat
persaingan diantara para produsen kabel, juga mempengaruhi nilai tukar US Dollar terhadap
Rupiah yang cenderung naik. Beberapa Kebijakan Pemerintah maupun Badan Usaha Milik
Negara juga memberi dampak cukup berarti. Namun demikian kondisi tersebut tidak membuat
surut semangat Perseroan untuk terus memperbaiki dan meningkatkan pencapaian hasil
kinerja yang lebih baik.
Meningkatnya permintaan kabel di pasar domestik maupun internasional menjadikan naiknya
angka penjualan konsolidasi Perseroan. Dan pada tahun 2008, penjualan konsolidasi Perseroan
mengalami peningkatan sebesar Rp395,5 miliar atau sekitar 53,8 %, yaitu dari Rp735,6 miliar
pada tahun 2007 menjadi Rp1.131,1 miliar pada tahun 2008. Hasil yang dicapai tersebut
berada di atas target yang telah direncanakan yaitu sebesar Rp960 miliar, dan juga merupakan
hasil tertinggi dibandingkan dengan penjualan konsolidasi pada tahun-tahun sebelumnya.

Dear Shareholders,
We must praise the Lord Almighty for all the grace He has bestowed on us so that we are able
to pass the year 2008 in good condition.
2008 was a year full of challenges. The global economic crisis that loomed at the last part of
the year left its mark on the business world. Besides tightening the competition between
cable producers, it also sent up the exchange rate of the USD against the IDR. Several
government policies and also State Owned Enterprises gave a quite significant impact. But
all those hurdles did not diminish the Companys spirit to enhance and improve its previous
performances.
The increase in cable demand both in the domestic market as well as in the international
market was seen in the Companys increased consolidated sales. In 2008, consolidated sales
underwent an increase of Rp.395.5 billion or around 53.8% from Rp.735.6 billion in 2007 to
become Rp.1,131.1 billion in 2008. This result was above the target set for 2008 of Rp.960
billion, and was also the highest record compared to the consolidated sales of the previous
years.

08

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Pada pencapaian akhir tahun 2008, Perseroan membukukan laba bersih sebesar Rp0,08 miliar.
Bila dibandingkan dengan tahun 2007, hasil tersebut berada di bawah pencapaian akhir di
tahun 2007. Penurunan pencapaian akhir ini sangat dipengaruhi oleh besarnya beban pokok
penjualan, serta kerugian selisih kurs yang tinggi. Dan untuk lebih jelasnya, secara rinci
gambaran tentang kinerja Perseroan dapat dilihat dalam laporan keuangan konsolidasi
Perseroan, yang telah diaudit oleh kantor Akuntan Publik Tanubrata Sutanto & Rekan.
Dalam rangka terus memperbaiki kinerja Perseroan, selain menjalankan Peseroan sesuai
dengan peraturan atau ketentuan yang berhubungan dengan tata kelola perusahaan yang
baik, beberapa langkah maupun kebijakan strategis ditempuh oleh Perseroan, seperti tetap
menjalin kerjasama teknik dan pemasaran dengan Fujikura Ltd. dan juga mempertahankan
tenaga engineer dari Fujikura - Jepang untuk berada di lingkungan Perseroan selama beberapa
waktu. Kemudian guna terus meningkatkan wawasan, pengetahuan dan kinerja personil
selain memberikan pelatihan khusus bagi seluruh karyawan melalui lembaga profesional,
Perseroan kembali mengirimkan beberapa personil untuk melakukan pelatihan dan studi
banding ke Fujikura Federal Cable Malaysia.

At the end of 2008, the Company booked a net profit of Rp.0, 08 billion. But compared to
2007, such result was still below the end achievement in 2007. This end decrease was highly
affected by the high cost of sales, and the difference in the high translation of the USD
exchange rate. For a detailed description of the Companys performance, please refer to the
Companys Consolidated Financial Statement, audited by the Accountant Public Office
Tanubrata Sutanto & Partners.
In the framework of improving the Companys performance, besides managing it according
to regulations and stipulations related to good corporate governance, several other steps
and policies were conducted by the Company, such as maintaining technical cooperation
and marketing with Fujikura Ltd. and keeping an engineer personnel from Fujikura Japan
to assist the Company during a certain time. To continually improve the outlook and knowledge
of personnel in the field of technique, management and utilization of human resources, the
Company also send several personnel for training and comparative study to Fujikura Federal
Cable Malaysia.

09

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Perjalanan di tahun 2009, gelombang krisis global tetap akan dihadapi oleh dunia usaha.
Dampak yang ditimbulkan dapat membuat tidak menentunya harga komoditi, dan juga
dapat menghambat pertumbuhan dunia usaha, sebagai akibat banyaknya badan usaha yang
goyah, ataupun menahan diri guna menunggu peluang-peluang terbaik. Namun demikian
kami yakin industri perkabelan masih tetap memiliki peluang yang sangat baik, karena selain
pasar internasional yang sangat terbuka lebar terutama pada negara-negara berkembang,
kebutuhan akan kabel listrik berpenghantar Tembaga maupun Aluminium untuk dalam
negeri diperkirakan masih cukup besar, karenanya Pemerintah pasti akan mengambil langkahlangkah positif yang akan mendorong pergerakan dunia usaha, dan juga akan membuka
peluang pasar bagi produk kabel.
Demikian laporan singkat atas kinerja usaha di tahun 2008. Kami menyadari sepenuhnya
bahwa pencapaian yang berhasil diraih pada tahun 2008 merupakan hasil dari kerjasama
yang baik, untuk itu perkenankan kami untuk menyampaikan terima kasih yang tak terhingga
kepada seluruh Pemegang Saham, Pelanggan, Pemasok, Penyalur dan Karyawan Perseroan
serta semua pihak yang telah mempercayai dan memberikan dukungan serta bantuan kepada
Perseroan hingga saat ini.

The waves of global crisis shall still be faced by the business world in 2009. Its impact will be
fluctuation in commodity prices and a slowdown in the growth of the business world due
to the shake up of many companies, or those withholding themselves and adopting a wait
and see. Yet, however, we are sure that the cable industry still has great opportunities, as the
international market is still wide open, especially in developing countries, domestically the
need for Copper and Aluminium insulated cables is still high, and the Government shall surely
take positive steps to boost the business world, and open market opportunities for cable
products.
That is the brief summary of our performance in 2008. We are fully aware that the success
achieved in 2008 was a result of good cooperation, allow us therefore to convey our thanks
to all Shareholders, Customers, Suppliers, Distributors and Employees of the Company and
all parties who have entrusted us and given us their support up to now.

Tangerang, April 2009

Santoso
Presiden Direktur
President Director

10

Profil Direksi Profile of the Board of Directors

Santoso
Presiden Direktur President Director
Beliau merupakan pendiri Perseroan. Menjabat sebagai Presiden Direktur sejak tahun 1973
hingga sekarang ini. Berpengalaman luas dalam dunia bisnis, industri dan perdagangan.
One of the founding fathers of the Company. Held the position of President Director since
1973 up to the present. Widely experienced in the business world, trade and industry.

Mary Ang Santoso

Direktur Director
Menjabat sebagai Direktur Perseroan sejak tahun 2004. Lulusan dari Universitas Columbus,
Lousiana, Amerika Serikat, jurusan Industrial Engineering Management, dan dari ICS - Center
for Degree Studies, Scranton, Pennsylvania, Amerika Serikat jurusan Business Management.
Berpengalaman dalam bidang manajemen produksi selama lebih dari 15 tahun.
Held the position of Director since 2004. A graduate of University of Columbus, Louisiana,
United States, majoring in Industrial Engineering Management, and from the ICS Centre
for Degree Studies, Scranton, Pennsylvania, United States graduating in the field of Business
Management. Experienced in the field of production management for more than 15 years.

Cahayadi Santoso
Direktur Director
Menjabat sebagai Direktur Perseroan sejak tahun 2004. Lulusan dari Universitas Hosei, Tokyo,
Jepang jurusan Commercial. Berpengalaman dalam bidang manajemen pemasaran.
Held the position of Director since 2004. Graduated from the University of Hosei, Tokyo, Japan
in Commercial. Experienced in marketing management.

11

00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
Antonius Benady
Direktur Director

Menjabat sebagai Direktur Perseroan sejak tahun 1996, setelah sebelumnya menjabat sebagai
Manajer Divisi Akuntansi di Direktorat Keuangan Perseroan. Lulusan Fakultas Ekonomi
Universitas Indonesia.

Held the position of Director since 1996, after previously holding the position of Accountancy
Division Manager in the Companys Financial Directorate. A graduate of the Faculty of
Economics, Universitas Indonesia.

Sugono Widjaja
Direktur Director

Menjabat sebagai Direktur Perseroan sejak tahun 1983, dan berpengalaman luas di bidang
pembinaan Sumber Daya Manusia.

Held the position of the Companys Director since 1983, he is widely experienced in the field
of Human Resources development.

Nobuo Ninomiya
Direktur Director

Bergabung sebagai Direktur Perseroan pada tahun 2008. Lulusan dari Fakultas Teknik Elektro
Univesitas Miyazaki, Miyazaki, Jepang dan sangat berpengalaman dalam bidang teknik. Lebih
dari 25 tahun bergabung dengan Fujikura Limited, salah satu perusahaan kabel terkemuka
di Jepang, dan saat ini juga menjabat sebagai President Direktur Fujikura Federal Cable Sdn.
Bhd.
Joined the Company as Director in 2008. Graduated from the Faculty of Electric, Miyazaki
University, Miyazaki, Japan and widely experienced in the field of technique. Joined Fujikura
Limited, one of the foremost cable companies in Japan for more than 25 years. Is currently
also the President Director of Fujikura Federal Cable Sdn. Bhd.

12

Profil Perseroan Company Profile

Data Perusahaan

Companys Data

Tanggal didirikan Date of Establishment

17 April 1973

Pencatatan di Bursa Efek

Listing at Jakarta Stock Exchange

18 November 1992

Jumlah Saham yang Tercatat

Total Shares Listed

151.200.000

Susunan Modal (Setelah Penawaran Umum)

Capital Structure (After IPO)
Modal Dasar Authorized Capital
Rp300 miliar billion
Jumlah Saham Total Shares
600.000.000
Nominal per Saham
Rp500
Nominal Value per Share
Modal Disetor Paid-in Capital
Rp75,6 miliar billion
Pemegang Saham Share Holders

PT Monas Permata Persada

Fujikura Group
PT. Indolife Pensiontama
Masyarakat Umum Public

52,57%
20,00%
17,58%
9,85%

Produk-Produk Products

Kabel Listrik Tegangan Rendah Tembaga /

LV-CU Insulated Cable
Kabel Listrik Tegangan Rendah Aluminium /
LV-AI Insulated Cable
Kabel Listrik Tegangan Menengah / Medium Voltage Cable
Kabel Telekomunikasi / Telecommunication Cable
Kabel Serat Optik / Optical Fiber Cable
Kabel Data / Data Cable
Energi Listrik / Power Energy

Alamat Kantor Pusat dan Pabrik

Head Office and Factory Address

Jl. Pajajaran, Ds. Gandasari Jatiuwung

Tangerang 15137 Indonesia.
Telp.
(62-21) 556-50468, 591-9442, 45-47
Fax.
(62-21) 556-50466
Web : http://www.jembo.com

Alamat Kantor Pemasaran

Marketing Office Address

Mega Glodok Kemayoran, Office Tower B 6th Floor

Jl. Angkasa Kav B 6, Jakarta Pusat - Indonesia
Telp.
(62-21) 6570-1511 (Hunting)
(62-21) 2664-6933 (Hunting)
Fax. (62-21) 6570-1488, 6570-1556

Anak Perusahaan dan Alamat

Subsidiaries and Address

PT Jembo Energindo
Pembangkit : Jl. Kuda Laut No. 4, Batu Ampar - Batam
Telp.
(62-778) 430-164
Fax. (62-778) 430-165

Kantor Pencatat Saham

Share Registration Office

Puri Datindo, Wisma Sudirman

Jl. Jend. Sudirman Kav. 34-35
Jakarta 10220, Indonesia
Telp.
(62-21) 570-9009
Fax. (62-21) 570-9026

13

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Riwayat Singkat Perseroan

Didirikan pada bulan April 1973, PT Jembo Cable Company Tbk. memulai produksinya dengan
kabel listrik penghantar tembaga tegangan rendah. Sejak itu, Perseroan terus memberi
sumbangan pada pertumbuhan ekonomi Indonesia dengan menambah varietas kabelnya
dan juga memperluas serta meningkatkan kemampuan produksinya.
Mutu adalah hal yang paling diutamakan oleh Perseroan dan hal ini terintegrasi erat dalam
kinerja harian Perseroan. Investasi besar telah dilakukan demi menunjang terjaganya mutu
barang dan jasa secara terus-menerus. Di tahun 1992, Perseroan membuat perjanjian kerjasama
dalam bidang teknik dengan Fujikura Ltd., yang merupakan salah satu perusahaan kabel
terkemuka dari Jepang. Dalam upaya meningkatkan mutu barang dan jasa, Perseroan
mendapatkan sertifikat ISO 9002 dari TUV Product Service GmbH pada tahun 1995 dan
sertifikat ISO 9001 di tahun 2000.

Penerapan Sistem Manajemen Lingkungan yang dilakukan oleh Perseroan sejak pertengahan
tahun 2007 menjadikan Perseroan dinyatakan layak untuk mendapatkan sertifikat ISO 14001
: 2004 oleh Badan Sertifikasi TUV Product Service GmbH pada bulan Desember 2007.

Brief History of the Company

Incorporated on April 1973, PT Jembo Cable Company Tbk. started its production with low
voltage copper insulated cable. Since that time the Company contributed to the Indonesian
economic growth by adding various types of cables and also expanding and improving its
production capacity.

Quality is the uppermost matter for the Company and is strongly integrated in its daily
performance. Great investment was conducted to support the continual maintenance of
qualified goods and services. In 1992, the Company entered into a cooperative agreement
in the field of technique with Fujikura Ltd., one of the prominent cable producers in Japan.
The Company also succeeded in improving its goods quality and services, evidenced by the
Company receiving the ISO 9002 Certificate from TUV Product Service GmbH in 1995 and the
ISO 9001 certificate in 2000.
The application of Environmental Management System conducted by the Company since
medio 2007 earned the Company a citation to receive the ISO 14001: 2004 by the TUV Product
Service GmbH Certification Agency in December 2007.

14

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Perseroan telah mencatatkan sahamnya sejak tahun 1992 pada Bursa Efek Jakarta atau yang
sekarang dikenal dengan Bursa Efek Indonesia, dan hingga saat ini saham yang beredar
sebanyak 151,2 juta lembar atau bernilai nominal sebesar Rp75,6 miliar, yang masing-masing
dimiliki oleh PT Monas Permata Persada sebanyak 79.485.000 lembar saham atau 52,57%,
PT. Indolife Pensiontama sebanyak 26.578.300 lembar saham atau 17,58%, Fujikura Group
sebanyak 30.240.000 lembar saham atau 20,00%, dan Masyarakat sebanyak 14.896.700 lembar
saham atau 9,85%.
Dengan kemajuan dan pengalaman lebih dari tiga puluh tahun, serta semangat TOGETHER
WE GROW, PT Jembo Cable Company Tbk. telah mampu menjadi produsen terkemuka dalam
industri kawat dan kabel.

Produksi

Sejak awal berdirinya hingga saat ini, Perseroan telah memproduksi berbagai jenis kabel
dengan berbagai macam ukuran yang antara lain :
1. Kabel Listrik Tegangan Rendah dengan konduktor Tembaga dan Aluminium
2. Kabel Listrik Tegangan Menengah dengan konduktor Tembaga dan Aluminium
3. Kabel Transmisi Udara/ Distribusi

The Company has listed its share in the Jakarta Stock Exchange since 1992, or currently better
known as the Indonesian Stock Exchange, currently the amount of shares in circulation is
151,2 million with a nominal value of Rp.75.6 billion, respectively owned by PT Monas Permata
Persada amounting to 79,485,000 shares or 52.57%. PT Indolife Pensiontama amounting to
26,578,300 shares or 17.58%, Fujikara Group amounting to 30,240,000 shares or 20.00%, and
the Public amounting to 14,896,700 shares or 9.85%.
With its development and experience of more than thirty years, and the spirit of TOGETHER
WE GROW, PT Jembo Cable Company Tbk. has been able to become a prominent producer
in the wire and cable industry.

Production

Since its beginning up to the present, the Company produced several types of cables of
various measurements among others:
1. Low Voltage Copper and Aluminium insulated Cables
2. Medium Voltage Copper and Aluminium insulated Cables
3. Air / Distribution Transmission Cable

15

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
4.
5.
6.
7.

Kabel Telekomunikasi dengan konduktor Tembaga dan Serat Optik

Kabel Instrumen
Kabel Kontrol
Kabel Data

Selain memproduksi berbagai jenis kabel, Perseroan juga memiliki usaha lain yaitu energi
listrik melalui Anak Perusahaan yang dihasilkan untuk melayani kebutuhan energi listrik
sebagian area di Pulau Batam.

Pemasaran

Pada tahun 2008, penjualan konsolidasi Perseroan mengalami peningkatan dibandingkan

dengan tahun 2007. Peningkatan ini diperoleh melalui penjualan ke pasar lokal maupun
eksport.

Penjualan pada pasar lokal naik sebesar 38,5% atau Rp200,9 miliar, yaitu dari Rp522,0 miliar
pada tahun 2007, menjadi Rp722,9 miliar pada tahun 2008, dengan pelanggan yang terdiri
dari Kontraktor, Distributor, serta perusahaan swasta yang masuk dalam kategori pasar bebas,
kemudian PT PLN (Persero) dan PT Telkom baik secara langsung maupun melalui rekanannya.

4.
5.
6.
7.

Telecommunication Cable with Copper conductor and Optical Fibre

Instrument Cable
Control Cable
Data Cable

Besides production of the above types of cables, the Company also runs another business
of supplying power energy through its Subsidiary to serve the need of power energy in part
of Batam Island.

Marketing

In 2008, the Companys consolidated sales increased compared to 2007, achieved by both
sales through the domestic market and export.

Domestic market sales increased 38.5% or Rp.200.9 billion from Rp.522.0 billion in 2007, to
become Rp.722.9 billion in 2008 with customers such as Contractors, Distributors and private
companies included in the free market category, and PT PLN (Persero) and PT Telkom both
directly and through its partners.

16

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Sedangkan untuk pasar ekspor naik sebesar 91,1% atau Rp194,6 miliar, yaitu Rp213,6 miliar
pada tahun 2007, menjadi Rp408,2 miliar pada tahun 2008. Dengan Negara tujuan ekspor
antara lain: Brunei Darussalam, Singapura, Filipina, Thailand, Bangladesh, Oman, United
Emirate Arab, Vietnam, Inggris, Jerman, dan lain-lain.

Export sales increased quite significantly by 91.1% or Rp.194.6 billion from Rp.213.6 billion
in 2007, to become Rp.408.2 billion in 2008. with export to among others: Brunei Darussalam,
Singapore, Philippine, Thailand, Oman, United Emirate Arab, Vietnam, Bangladesh, England,
German. etc.

Pasar Market

2007

2008

Lokal Domestic

522,0

722,9

Ekspor Export

213,6

408,2

Penjualan Bersih Net Sales

735,6

1.131,1

(dalam miliar rupiah in billion rupiah)

Sumber Daya Manusia

Karyawan merupakan aset yang sangat berharga bagi Perseroan, hal ini tercermin dari salah
satu Misi Perseroan, yaitu memberikan peluang kepada karyawan untuk menjadi unggul
sehingga berdampak baik bagi pertumbuhan Perseroan, dengan meletakkan dasar yang
baik dan kuat sehingga memungkinkan karyawan untuk meraih target mereka sesuai dengan
kemampuannya.

Human Resources

Employees are the most precious assets of the Company; this is reflected in one of the Mission
statements, providing opportunity to all employees to become experts by laying strong and
good foundation enabling employees to achieve their targets according to their capacity.

17

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Setiap karyawan, diharapkan dan didorong untuk dapat terus meningkatkan kemampuan
pribadi maupun segala kebutuhan bagi pengembangan karir. Dan dalam upaya
pengembangan sumber daya manusia di tahun 2008, Perseroan melakukannya melalui
beberapa cara antara lain:

1. Program Pendidikan dan Pelatihan, di tahun 2008 Perseroan melaksanakan program ini
baik diselengarakan oleh pihak internal maupun pihak eksternal Perseroan, dengan
mengambil tempat pelaksanaan di dalam maupun di luar Perseroan. Setiap pelatihan
yang diselenggarakan oleh pihak Perseroan telah direncanakan dengan matang serta
ditunjang dengan realisasi pelaksanaan secara maksimal. Dan di tahun 2008, 100% rencana
pelatihan dapat terealisasi, dengan rincian :

Every employee, is expected and encouraged to continually improve their personal capacity
and all their needs for the development of their career. And in the effort to improve human
resources development in 2008 was conducted by the Company through several efforts
among others:
1. Education and Training program in 2008, Held either internally or externally of the
Company, well planned and supported by maximal realisation implementation. In 2008,
100% of the planned trainings were realized detailed as follows.
Periode
Period

Jumlah Program Number of Programs

Rencana Planning

Realisasi Realisation

% Realisasi Percentage

Jan

18

18

100%

Feb

11

11

100%

Mar

22

22

100%

Apr

11

11

100%

May

20

20

100%

Jun

16

16

100%

Jul

12

12

100%

Aug

16

16

100%

Sep

10

10

100%

Oct

100%

Nov

100%

Dec

100%

156

156

100%

18

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
2. Program Bea Siswa, program ini merupakan salah satu usaha Perseroan dalam memberikan
kesempatan kepada karyawannya untuk maju dan berkembang yaitu dengan memberikan
Bea Siswa kepada beberapa karyawan yang berhasil melewati seleksi internal yang
diselenggarakan Perseroan untuk program pendidikan tingkat Diploma dan Sarjana, dan
pada tahun 2008, beberapa orang karyawan berhasil melewati seleksi, antara lain: 2 orang
untuk program Strata I, serta 1 orang untuk progam Strata II. Dan sejak dimulainya,
program ini telah menghasilkan 3 orang sarjana Strata I.
3. Program Pemilihan dan Pemberian Penghargaan bagi Karyawan Terbaik juga tetap
dilakukan, program ini diselenggarakan guna memacu karyawan agar lebih bersemangat
untuk maju dan berprestasi. Pada program ini penilaian dilakukan kepada karyawan mulai
dari tingkat Operator sampai dengan tingkat Menejer.
Selain beberapa program di atas, untuk pengembangan karyawan, Perseroan juga
menyediakan perpustakaan, yang sekarang ini telah memiliki lebih kurang 450 buku dari
berbagai disiplin ilmu serta perangkat lunak tentang motivasi sebagai salah satu media
pembelajaran.

1. Scholarship program, a program initiated by the Company to provide the opportunity

to employees to progress and develop, to those who succeed in passing an internal test
held by the Company for Diploma and Graduate education level. In 2008, several employees
passed the selection, among others: 2 persons for Stratum I, and one person for
Stratum II. As of the start, this program has resulted in 3 persons achieving their
Stratum I.
2. Selection and Reward Citation for the best Employee, held to motivate employees to be
more spirited and improve performance. This program assessment was conducted from
the Operator up to Manager level.
Besides those above programs, for the development of the employees, the Company also
provides a library, which has currently a collection of 450 books of various science disciplines
and soft copies on motivation as one of the learning media.

19

Ikhtisar Mengenai Saham Summary of Shares

Pada tanggal 31 Desember 2008, modal yang disetor Perseroan tidak mengalami perubahan,
sebesar Rp75,6 miliar, yang terdiri dari 151,2 juta lembar saham biasa masing-masing dengan
nilai nominal Rp500,00 (lima ratus rupiah) per lembar saham. Saham-saham Perseroan
tersebut, seluruhnya telah dicatatkan di Bursa Efek Indonesia (sebelumnya Bursa Efek Jakarta)
sejak tanggal 18 November 1992.

On December 31st 2008, the paid-in capital of the Company remained unchanged, amounting
to Rp.75, 6 billion, consisting of Rp.151, 2 million common shares which a nominal value of
Rp.500, 00 (five hundred rupiah) per share. All the Company shares were listed at the Jakarta
Stock Exchange since November 18th 1992.
Tabel harga Saham Perseroan Terendah, Tertinggi dan Penutupan serta Volume dan Nilai Transaksi
pada Bursa Efek indonesia untuk periode yang bersangkutan.
Table of the Company Sahres Prices lowest, Highest and Closing and Volume and Transaction Value
at the Jakarta Stock Exchange for the related period.
Harga Per Saham (Rp)
Prize per Share (Rp)
Terendah
Lowest

Tertinggi
Highest

Penutupan
Closing

Total Transaksi
Total Transaction
Volume
Volume

Nilai
Value

2007

2007

Triwulan ke 1
(Jan-Mar)

155

213

212

104,500

18,278,500

1st Quarter
(Jan-Mar)

Triwulan ke 2
(Apr-Jun)

180

290

200

1,845,000

432,714,500

2nd Quarter
(Apr-Jun)

Triwulan ke 3
(Jul-Sep)

205

570

510

6,392,000

2,935,977,500

3rd Quarter
(Jul-Sep)

Triwulan ke 4
(Okt-Des)

440

600

470

1,934,000

937,527,500

4th Quarter
(Okt-Des)

155

600

470

10,275,500

4,324,498,000

2008

2008

Triwulan ke 1
(Jan-Mar)

350

570

550

609,000

296,625,000

1st Quarter
(Jan-Mar)

Triwulan ke 2
(Apr-Jun)

410

610

500

1,897,120

1,010,830,100

2nd Quarter
(Apr-Jun)

Triwulan ke 3
(Jul-Sep)

310

740

375

5,483,000

3,188,372,500

3rd Quarter
(Jul-Sep)

Triwulan ke 4
(Okt-Des)

295

360

295

44,500

14,430,000

4th Quarter
(Okt-Des)

295

740

550

8,033,620

4,510,257,600

20

Tata Kelola Perusahaan yang baik Good Corporate Governance

Dewan Komisaris dan Direksi PT Jembo Cable Company Tbk. menyadari benar akan arti
pentingnya pelaksanaan tata kelola perusahaan yang baik, selain berguna untuk meningkatkan
kinerja dan akuntabilitas Perseroan kepada publik, bagi Perseroan, pelaksanaan tata kelola
perusahaan yang baik juga memiliki makna penting yaitu melindungi aset dari pengelolaan
perusahaan yang tidak benar, dan memberikan jaminan bahwa Perseroan beroperasi dengan
berorientasi kepada keuntungan, serta menjamin bahwa setiap keputusan yang diambil
adalah berdasarkan pertimbangan matang yang menghasilkan keputusan terbaik.
Dalam penerapan tata kelola perusahaan yang baik, Perseroan menganut 5 prinsip dasar
antara lain: Transparansi, Kemandirian, Akuntabilitas, Pertanggungjawaban, dan Kewajaran,
yaitu untuk mengatur mekanisme kerja antara Dewan Komisaris dengan Direksi serta beberapa
komite.
Struktur tata kelola PT Jembo Cable Company Tbk., terdiri atas Rapat Umum Pemegang
Saham (RUPS), Dewan Komisaris, dan Direksi.

The Board of Commissioners and Board of Directors of PT Jembo Cable Company Tbk. are
fully conscious of the importance in implementing good corporate governance, not only for
the improvement of the Companys performance and accountability to the public,
implementing good corporate governance for the Company has also the important meaning
of safeguarding assets against erroneous management, and ensure that the Company operates
by orienting to profit, and guarantee that any decision taken are based on mature consideration
resulting in the best decision.
In implementing good corporate governance the Company adhere to five basic principles:
Transparency, Independency, Accountability, Responsibility and Fairness, regulating the
working mechanism between the Board of Commissioners and the Board of Directors and
also several committees.
The management structure of PT Jembo Cable Company Tbk. Consist of the General Meeting
of Shareholders, Board of Commissioners and Board of Directors.

21

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Rapat Umum Pemegang Saham
Rapat Umum Pemegang Saham Perseroan adalah :

Rapat Umum Pemegang Saham Tahunan (RUPS Tahunan), yang diselenggarakan tiap tahun,
paling lambat 6 (enam) bulan setelah tahun buku Perseroan ditutup. Dalam RUPS Tahunan,
dibahas antara lain: Laporan Tahunan, Penetapan penggunaan laba, Penunjukan Akuntan
Pubilk, dan dapat dilakukan pengangkatan anggota Dewan Komisaris dan Direksi.

Rapat Umum Pemegang Saham Luar Biasa (RUPS Luar Biasa), yang diadakan sewaktuwaktu berdasarkan kebutuhan atau atas permintaan tertulis dari Dewan Komisaris, atau dari
1 (satu) Pemegang Saham atau lebih yang bersama-sama mewakili 1/10 (satu per sepuluh)
bagian dari seluruh jumlah saham dengan hak suara.
Dewan Komisaris
Dewan Komisaris bertugas untuk melakukan pengawasan terhadap Direksi dalam
melaksanakan tugas sebaik-baiknya demi kepentingan Perseroan dan Pemegang Saham
serta memantau efektifitas dari penerapan tata kelola perusahaan yang baik.

Sesuai dengan Akta Perubahan Anggaran Dasar dalam Akte Notaris No. 26 tanggal 27 Juni
2008, Komisaris terdiri dari sedikitnya 3 (tiga) orang anggota Komisaris dan salah seorang
diantaranya dapat diangkat sebagai Presiden Komisaris.

General Meeting of Shareholders

The Annual General Meeting of Shareholders, is convened once in a year at the latest 6 (six)
months as of the closing of the Companys books.. The Annual General Meeting of Shareholders
discuss among others: the Annual Report, Decision as to the appropriation of profit,
Appointment of an Accountant Public and may also appoint members of the Board of
Commissioners and Board of Directors.

The Extraordinary General Meeting of Shareholders, convened from time to time based
on need or on a written application of the Board of Commissioners , or of 1 (one) or more
shareholders who collectively represent 1/10 (one tenth) of all the shares with voting rights.
Board of Commissioners
The Board of Commissioners task is to supervise the Board of Directors in conducting their
tasks for the interest of the Company and the Shareholders and monitor the effectiveness of
the good corporate governance implementation.
According to the Deed of Amendment of the Articles of Association in Notarial Deed No. 26
dated 27 June 2008, the Board of Commissioners consists of at least 3 (three) members and
one of them may be appointed as President Commissioner.

22

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Presiden Komisaris dan 2 (dua) orang anggota Komisaris atau lebih, diangkat oleh RUPS
sesuai dengan peraturan perundang-undangan yang berlaku, masing-masing untuk jangka
waktu sejak tanggal yang ditentukan dalam RUPS yang mengangkatnya sampai dengan
penutupan RUPS Tahunan yang ke-3 (tiga) setelah tanggal pengangkatan.
Nama dan profil setiap anggota Dewan Komisaris, ditampilkan setelah halaman Laporan
Dewan Komisaris pada Laporan Tahunan ini.

Sepanjang tahun 2008, dalam menjalankan tugas dan wewenangnya, Dewan Komisaris telah
melakukan rapat khusus sebanyak 3 kali dan rapat yang dihadiri oleh Direksi juga sebanyak
3 kali, dengan rata-rata kehadiran anggota Komisaris sebesar 100%.

Direksi
Direksi bertugas menjalankan roda manajemen Perseroan secara menyeluruh, sesuai hukum
dan etis dengan memperhatikan kepentingan para Pemegang Saham dan mengupayakan
Perseroan untuk dapat melaksanakan tanggung jawab sosialnya.
Direksi terdiri dari 3 (tiga) orang atau lebih anggota Direksi, dan seorang diantaranya dapat
diangkat sebagai Presiden Direktur dengan susunan anggota Direksi adalah seorang Presiden
Direktur dan 2 (dua) orang Direktur atau Lebih.

President Commissioner and 2 (two) or more Commissioners are appointed by the General
Meeting of Shareholders according to prevailing laws and regulations, respectively for a
period as of the date stipulated in the Meeting appointing them until the closing of the third
Annual General Meeting of Shareholders after such date of appointment.

The names and profile of each member of the Board of Commissioners are depicted after the
page of the Board of Commissioners Message in this Annual Report.
In executing its task and authority the Board of Commissioners during 2008, held 3 Special
meetings of the Board of Commissioners and three other meetings attended by the Board
of Directors with a 100% attendance, of the Commissioner members.

Board of Directors
The Board of Directors implement the overall management of the company, legally and
ethically by observing the interest of Shareholders and make all efforts for the Company to
carry out its social responsibilities.
The Board of Directors consist of 3 (three) or more members, one of them being appointed
as President Director and the other 2 (two) or more as Directors.

23

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Pemilihan anggota Direksi dilakukan melalui RUPST dengan didasarkan pada pertimbangan
keahlian, integritas, kepemimpinan, pengalaman, kejujuran, perilaku yang baik, serta dedikasi
yang tinggi untuk memajukan dan mengembangkan Perseroan. Komposisi Direksi selalu
disesuaikan dengan kebutuhan.
Berikut ini merupakan uraian singkat mengenai peran dan tanggung jawab dari masingmasing Direktur.

Direktur Utama, bertanggung jawab/ menjamin keberhasilan dan pertumbuhan Perseroan

yang berkesinambungan.
Direktur Operasional, bertanggung jawab mengawasi berjalannya Perseroan agar tetap
dalam situasi dan kondisi yang paling efektif, efisien serta mudah beradaptasi.

Direktur Keuangan, bertanggung jawab/ menjamin atas keuangan Perseroan sesuai

sebagaimana mestinya dan dikelola dengan benar secara bertanggung jawab. Mengawasi
kesehatan keuangan Perseroan secara keseluruhan dengan menggunakan pengukuran
standar industri. Memberikan nilai tambah pada Perseroan dengan menyediakan pandangan
keuangan yang dapat dipercaya dan konsisten.

The appointment of the Board of Directors members is executed through the Annual General
Meeting of Shareholders based on consideration of expertise, integrity, leadership, experience,
honesty, good attitude, and high dedication to advance and develop the Company. The Board
of Directors composition is according to its needs
Following is a brief description of the role and the responsibilities of the respective Directors.
The President Director is responsible/ensures the continual success and growth of the
Company.

The Operational Director is responsible to oversee the Companys operation to be constantly

running in an effective and efficient condition, and easily adaptable.
The Director of Finance is responsible/ ensures the Company finances are according to
prevailing rules and well and fully responsibly managed. Supervise the soundness of the
Companys overall finance by comparing it to industrial standards. Provide added value to
the company by making available financial insights that are trustworthy and consistent.

24

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Direktur Marketing, bertanggung jawab untuk memimpin, mengatur dan mengarahkan:
Strategi dan taktik pemasaran serta inisiatif penjualan untuk memastikan pertumbuhan
pendapatan yang menguntungkan. Menciptakan dan mempertahankan metode pengukuran
atas keefektifan program pemasaran dan penjualan serta kinerja kerjanya inisiatif penjualan
dan pemasaran yang strategis dan taktikal untuk menjamin pertumbuhan pendapatan yang
menguntungkan. Menciptakan dan mempertahankan metode pengukuran atas keefektifan
program pemasaran dan penjualan serta kinerjanya. Menciptakan strategi kehumasan dan
penerapan pelaksanaan perencanaan.
Direktur Sumber Daya Manusia dan Masalah Umum, bertanggung jawab/ menjamin
lingkungan kerja yang sehat dan aman serta ketersediaan tenaga kerja yang kompeten.
Menjamin tindakan tenaga kerja Perseroan aman, efisien dan mendukung pertumbuhan
Perseroan.

Direktur Produksi, bertanggung jawab/ menjamin keefektifan, keefesienan dan kemampuan

beradaptasi dari produksi/ kegiatan operasional dalam Perseroan, Menjamin kesesuaian dari
produk dan jasa agar sesuai permintaan pelanggan, Mempertahankan standar yang tinggi
dari hasil produksi, kualitas produk, dapat diandalkan dan terjamin keselamatannya.
Nama dan profil dari anggota Direksi ditampilkan setelah halaman Laporan Direksi pada
Laporan Tahunan ini.

The Marketing Director is responsible to lead, regulate and direct the Companys marketing
strategy and tactic and sales initiative to ensure profitable income growth. Create and maintain
an assessment method of the effectiveness of the marketing program and sales and the
performance of it all to guarantee a profitable income growth. Create a public relation strategy
and implementation of the planning.
The Director of Human Resources and General Affairs is responsible / ensures a healthy and
save occupational environment and the availability of competent employees. Ensure that
the employment policy of the Company is safe, efficient and supporting the Companys
growth.

The Production Director is responsible / ensures the effectiveness and efficiency and ability
of the production / operational activity of the Company to adapt. Ensure the proper ness of
products and strategy to be in accordance to customers demand. Maintain high standards
of production results, product quality that may be relied on and its safety guaranteed.
A detailed description of the name and profile of the respective Directors is availabe after
the Report of the Board of Directors in this Annual Report.

25

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Dalam menjalankan tugasnya di tahun 2008, Direksi telah melakukan rapat khusus Direksi
sebanyak 48 kali dengan dihadiri oleh Dewan Komisaris sebanyak 3 kali, sedangkan yang
hanya dihadiri khusus oleh Direksi sebanyak 46 kali, dengan kehadiran anggota Direksi ratarata sebesar 94.8%.
Beberapa program pelatihan diikuti oleh para anggota Direksi dengan tujuan guna
meningkatkan kompetensi dari para anggota Direksi.

Remunerasi Dewan Komisaris dan Direksi.

Dalam menjalankan tugasnya, setiap anggota Dewan Komisaris dan Direksi menerima
remunerasi yang pemberiannya diatur dalam Anggaran Dasar dengan nilai sebagaimana
yang ditetapkan dalam Rapat Umum Pemegang Saham Tahunan.
Untuk tahun 2008, total remunerasi anggota Dewan Komisaris Rp357.963.400, dan total
remunerasi Direksi adalah sebesar Rp1.498.129.364.

Komite Audit
Selain melakukan tugas khusus yang diberikan oleh Dewan Komisaris Komite Audit
bertanggung jawab untuk menelaah informasi keuangan yang akan dipublikasikan, dan
menyeleksi serta mengusulkan calon auditor independen, mengawasi pekerjaan auditor
independen, dan memantau efektivitas pengendalian internal, serta memantau kepatuhan
Perseroan terhadap perundang-undangan yang berlaku.

In executing its task during 2008, the Board Of Directors conducted 49 times Board of Directors
meetings 3 of which was attended by the Board of Commissioners, and 46 times only especially
attended by the Directors, which an average presence of 94.8 %.
Several training programs are attended by the members of the Board of Directors with the
objective to improve their competence.

Remuneration of the Board of Commissioners and Board of Directors.

In carrying out their tasks, the respective members of the Board of Commissioners and Board
of Directors are provided with a renumeration which is regulated in the Articles of Association
with a value stipulated by the Annual General Meeting of Shareholders.
For 2008, the total remuneration of the Board of Commissioners was Rp.357,963,400, and
total for the Board of Directors Rp. 1,498,129,364.

Audit Committee
Beside executing the special task assigned by the Board of Commissioners, the Audit Committee
is also responsible to examine financial information to be published, select and propose a
candidate for an independent auditor, supervise the independent auditors work and monitor

26

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Komite Audit memiliki 3 (tiga) anggota yang terdiri atas 1 (satu) orang Komisaris Independen,
dan 2 (dua) orang anggota independen dari luar Perseroan. Komite Audit dipimpin oleh
Komisaris Independen sementara anggotanya ditetapkan sebagai ahli keuangan dan akuntansi
serta ahli pengendalian internal.
Nama dan riwayat hidup dari para anggota Komite Audit :
1

Drs. I Gusti Made Putera Astaman, Ketua Komite Audit/ Presiden Komisaris &
Komisaris Independen.
Riwayat Hidup singkat ditampilkan setelah Laporan Dewan Komisaris pada Laporan
Tahunan ini.
Hartono, Anggota Komite Audit.
Adalah pensiunan pegawai PT PLN (Persero) dengan pangkat golongan IV D/
peringkat II dan jabatan terakhir Inspektur bidang Teknik pada SPI PT PLN (Persero),
dengan pengalaman :
a. Mengelola kegiatan Administrasi & Keuangan Proyek Pembangunan
b. Melakukan pemeriksaan khusus dan operasional
c. Instruktur bidang Pengawasan & Pemeriksaan Operasional.
Sebagai anggota Komite Audit PT Jembo Cable Company Tbk. sejak tahun 2002.

the effectiveness of internal control, and also monitor the Companys compliance to prevailing
laws and regulations.

The Audit Committee consists of 3 (three) members which the formation of 1 (one) Independent
Commissioner, and 2 (two) other independent members from outside the Company. The
Independent Commissioner chairs the Audit Committee while the other members have to
be experts in finance and accountancy and internal control.
Names and Curriculum Vitae of the Audit Committee Members:

1. Drs. I Gusti Made Putera Astaman, Audit Committee Chairman / President Commissioner
& Independent Commissioner.
A brief description was given after the Message of the Board of Commissioners of this
Annual Report.

2. Hartono, Member of the Audit Committee

Pensioner of PT PLN (Persero) with the rank of level IV D / II and latest position as Inspector
of technical matters in SPI PT PLN (Persero), and experienced in:
a. Managing Administrative and Financial Activities in Development Projects.
b. Conduct special and operational investigation.
c. Instructor in the field of Supervision & Operational Inspection.
A member of the Audit Committee of PT Jembo Cable Company Tbk. since 2002.

27

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
3

Subagya Hadi Yuwono, SE, Anggota Komite Audit.

Pengalaman sebagai Manajer Keuangan & Akuntansi di berbagai perusahaan dan Senior
Auditor pada Kantor Akuntan Publik.
Sebagai anggota Komite Audit PT Jembo Cable Company Tbk. sejak tahun 2004.

Dalam menjalankan tugasnya di tahun 2008, Komite Audit telah melakukan rapat sebanyak
40 kali dengan tingkat kehadiran anggota rata-rata sebesar 93,6%.
Sekretaris Perseroan
Dalam tugasnya Sekretaris Perseroan bertanggung jawab membantu Dewan Komisaris dan
Direksi mengikuti prosedur yang mengatur kegiatan kerja maupun interaksi antara keduanya,
mengkoordinir penyelenggaraan RUPST dan RUPSLB, menyiapkan laporan
pertanggungjawaban Direksi, menjadi penghubung dengan lembaga terkait, serta
mengadministrasikan dokumen resmi seperti risalah rapat Dewan Komisaris dan Direksi,
daftar pemegang saham, dan berbagai Surat Perjanjian dengan pihak ketiga.
Untuk tahun 2008, jabatan Sekretaris Perseroan dirangkap oleh Antonius Benady yang juga
merupakan salah seorang Direktur.

3. Subagya Hadi Yuwono, Se., Audit Committee Member

Experienced as Financial & Accounting Manager in several companies and Senior Auditor
with an Accountant Public Office.
Member of the Audit Committee of PT Jembo Cable Company Tbk. since 2004.
In conducting its tasks in 2008, the Audit Committee has held 40 meetings with an average
attendance of 93.6%

Company Secretary
The Company Secretary is responsible in supporting the Board of Commissioners and Board
of Directors to follow procedures regulating the work activities and interactions between the
two boards, coordinate the Annual General Meeting of Shareholders and the Extraordinary
General Meeting of Shareholders, prepare the report of the Board of Directors, liaison officer
for related institutions and administrate official documents such as minutes of meetings of
the Board of Commissioners and the Board of Directors, the list of shareholders, and various
Agreement documents with third parties.
For the year 2008, Antonius Benady who is also one of the Directors concurrently served the
Companys Secretary.

28

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Pengendalian Internal dan Pengawasan Interen.
Pelaksanaan Pengendalian Internal Perseroan ditunjang dengan perangkat yang disebut
dengan Jembo Standard (JS), sedangkan untuk memonitor pelaksanaan operasional di
lapangan dilaksanakan oleh Satuan Pengawasan Internal (SPI).
SPI dalam menjalankan tugasnya, membantu Presiden Direktur memonitor operasional
Perseroan dan memberikan usul saran, agar tujuan Perseroan dapat tercapai. Dalam
menjalankan tugasnya, SPI melakukan beberapa kegiatan antara lain:

1. Mengevaluasi operasional Perseroan, mengenai efisiensi dalam pelaksanaannya, serta

memberikan saran dan usulan terhadap pelaksanaan yang tidak efisien atau tidak sesuai
dengan JS.
2. Melakukan evaluasi terhadap JS yang tidak sesuai dengan pelaksanaan atau tidak dapat
dilaksanakan, serta memberikan usulan untuk perubahannya.
3. Mengusulkan penerbitan JS operasional yang belum diterbitkan terutama yang
menyangkut sistem.
4. Melakukan audit atas permintaan Manajemen dan atau Komite Audit.
Pelaksanaan pengawasan dan pengajuan usulan serta saran dilakukan semata-mata agar
tujuan Perseroan dapat tercapai.

Internal Control and Internal Supervision

The Companys Internal Control Implementation is supported by what is called Jembo
Standard (JS), while the Internal Control Unit monitors operational execution in the field.

The Internal Control Unit assist the President Director in monitoring the Companys operation
and forward suggestions and proposals, so that the Companys objectives may be attained.
It has the following tasks:
1. Evaluate the Companys operation, concerning efficiency in executions, suggest ideas
and proposal for implementations that do not comply to JS.
2. Evaluate JS that are not up to standard or not operational and provide ideas to
change it.
3. Propose the issue for operational JS especially those connected to system.
4. Conduct audit on request of Management and or Audit Committee.

Supervision implementation and the forwarding of proposals and ideas are mainly directed
that the objectives of the Company may be attained.

29

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Risiko Usaha
Tidak berbeda dengan tahun-tahun sebelumnya, Perseroan menghadapi beberapa faktor
risiko kegiatan usaha yang harus diperhitungkan dan diantisipasi dengan tindakan yang
tepat guna meminimalisirnya, antara lain :

1. Nilai tukar mata uang asing, khususnya Dollar Amerika yang tidak tetap atau berfluktuasi
merupakan salah satu faktor risiko. Hal ini erat kaitannya dengan banyaknya pengadaan
kebutuhan bahan baku Perseroan yang didapatkan melalui impor, serta suku bunga
pinjaman.
2. Harga bahan baku utama, seperti Tembaga dan Aluminium hampir selalu berubah, dimana
perubahan atau pergeserannya sepenuhnya ditentukan berdasarkan harga patokan LME
(London Metal Exchange).
3. Perkembangan teknologi telekomunikasi, khususnya penggunakan saluran komunikasi
nir kabel, membawa dampak pada menurunnya tingkat permintaan kabel telepon, yang
juga secara langsung menjadikan penjualan kabel telepon menurun.
Risiko usaha lain yang akan membawa pengaruh besar bagi Perseroan adalah kerusakan
pada mesin pembangkit energi listrik yang dimiliki oleh Anak Perusahaan, yang menjadikan
menurunnya energi listrik yang dihasilkan.

Company Risk
Same as the previous years the Company faces several risk factors in its operation, which had
to be reckoned with and anticipated by appropriate measures to minimize it, among others:
1. Foreign currency exchange rate fluctuations, especially the fluctuating United States
Dollar was one of those risks factor. This is closely related to the procurement of raw
material which had to be imported, and loan interest rate.
2. Raw material prices, such as copper and aluminium, constantly fluctuates and tend to
increase, entirely controlled by the London Metal Exchange rate.
3. Development, especially in telecommunication technology by the use of wireless
communication impacted on the decline of the telephone cable demand, which also
directly cause decline in phone cable sales.

Another operating risk greatly impacting the Company was the damage to the power station
owned by the Companys subsidiary, causing a decline in power energy production.

30

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Tanggung Jawab Sosial
Perseroan memiliki kepedulian tersendiri terhadap masyarakat, hal ini diwujudkannya dengan
beberapa aktifitas sosial, dan di tahun 2008 beberapa kegiatan sosial telah dilakukan antara
lain melakukan kunjungan dan menyerahkan bantuan dana bagi panti asuhan, memberikan
santunan bagi anak yatim disekitar Perseroan, mendukung acara sosial keagamaan, serta
dukungan bagi iklan sosial pendidikan.

Social Responsibility
The Company had its own concern for the community; evidenced by several social activities,
during 2008 it was executed by visiting and donating to orphanages, support religious social
activities, and assist educational social advertisement.

31

Laporan Komite Audit Report of the Audit Committee

Komite Audit mempunyai tugas membantu dan memperkuat fungsi Dewan Komisaris dalam
menjalankan fungsi pengawasan atas proses pelaporan keuangan, manajemen risiko,
pelaksanaan audit dan implementasinya dari tata kelola perusahaan di Perseroan.
Anggota Komite Audit untuk tahun 2008 diangkat oleh Dewan Komisaris dan dilaporkan
kepada Rapat Umum Pemegang Saham, dengan susunan sebagai berikut:
Ketua
: Drs. I. Gusti Made Putera Astaman
Anggota : Hartono
Subagya Hadi Yuwono, SE, M.Ak
Dalam menjalankan tugasnya, Komite Audit memberikan informasi dan rekomendasi
profesional dan independen terhadap efektifitas proses penyusunan Laporan Keuangan
Perseroan, manajemen risiko dan sistem pengendalian interen Perseroan, pelaksanaan proses
audit serta penerapan tata kelola perusahaan yang baik.
Sasaran yang hendak dicapai dari aktifitas Komite Audit adalah untuk memperoleh keyakinan
bahwa:
1. Laporan-laporan yang disampaikan oleh Direksi Perseroan kepada Komisaris Perseroan
adalah layak dan dapat dipercaya serta memenuhi syarat-syarat tata kelola perusahaan
yang baik.

The Audit Committee has the task to assist and strenghthen the function of the Board of
Commissioners in their supervisory function on the financial statement process, risks
management, audit execution and the implementation of the Companys corporate
governance.
The Audit Committee members for 2008 were appointed by the Board of Commissioners and
reported to the General Meeting of Shareholders, with the following formation:
Chairman : Drs. I. Gusti Made Putera Astaman
Members : Hartono
Subagya Hadi Yuwono, SE, M.Ak
In executing their task, the Audit Committee provide professional and independent information
and recommendation on the effectiveness of the Companys Financial Statements compiling
process, risks management and the Companys Internal control, the audit process
implementation and the good corporate governance.
The objective to be attained from the Audit Committee activities was to ensure that:
1. Reports submitted by the Companys Board of Directors to the Board of Commissioners
are feasible and trustworthy and meet the requirements of good corporate governance

32

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
2. Implementasi pengelolaan risiko telah berjalan sesuai dengan pedoman manajemen
risiko, dan mendorong tumbuh kembangnya budaya Perseroan yang berorientasi risiko,
serta Sistem Pengendalian Interen Perseroan yang semakin efektif.
3. Perseroan dalam kegiatan usahanya telah mematuhi seluruh peraturan perundangundangan yang berlaku baik di bidang pasar modal maupun peraturan perundangundangan lainnya.
Untuk mencapai sasaran tersebut di atas, kegiatan yang dilakukan oleh Komite Audit dalam
tahun buku 2008 adalah sebagai berikut:

1. Membuat laporan kepada Dewan Komisaris Perseroan secara berkala atas hasil aktifitasnya
menelaah laporan dan informasi yang diperoleh dari Manajemen Perseroan.
2. Melakukan evaluasi Kegiatan Operasional Perseroan yang meliputi:
a. Menelaah laporan keuangan interim Perseroan baik bulanan maupun triwulanan
dan laporan keuangan Perseroan akhir tahun.
b. Mengevaluasi sistem akuntansi Perseroan dan struktur pengendalian interen.
c. Menilai efektivitas kerja satuan pengawasan internal.
d. Menelaah risalah rapat Direksi Perseroan.
e. Menelaah kepatuhan Perseroan terhadap peraturan perundang-undangan yang
berlaku di bidang pasar modal dan peraturan perundang-undangan lainnya yang
berhubungan dengan kegiatan usaha Perseroan.

2. The implementation of risk management are according to the risks management guide,
and boost up the growth and development of the Companys culture oriented to risks,
and the more effective Companys Internal Control.
3. The Company in its operational activities has complied with all prevailing laws and
regulations valid in the field of capital market and also other laws and regulations.
To achieve the above goals, the activities conducted by the Audit Committee during 2008
were:

1. Submit periodic reports to the Companys Board of Commissioners on the results of

reviewing reports and information obtained from the Company Management.
2. Conduct evaluation on the Companys Operational Activities covering:
a. Inspect the Companys interim financial report both monthly, quarterly and end of
the year financial statements.
b. Evaluate the Companys accounting system and internal control structure.
c. Assess work effectiveness of the internal audit unit.
d. Study the Board of Directors minutes of meeting.
e. Study the Companys compliance to prevailing laws and regulations in the field of
capital market and other laws and regulations related to the Companys operational
activities.

33

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
3. Melakukan evaluasi kegiatan auditor eksternal yang meliputi:
a. Menelaah independensi auditor eksternal dalam kaitannya dengan penugasan audit
oleh Perseroan.
b. Diskusi dengan auditor eksternal yang akan melakukan audit atas laporan keuangan
tahun perseroan 2008 untuk membahas ruang lingkup, rencana audit dan pelaksanaan
guna memastikan bahwa audit dilaksanakan berdasarkan standar audit yang
ditetapkan Ikatan Akuntan Indonesia.
c. Membahas koreksi/ perbaikan serta saran-saran dari auditor eksternal sebagai hasil
dari audit atas laporan keuangan perseroan tahun 2008.
Berdasarkan hasil penelaahan terhadap jalannya proses kegiatan Perseroan, Komite Audit
berpendapat sebagai berikut :

1. Tidak terdapat laporan/ informasi yang menyebabkan Komite Audit berkesimpulan bahwa
laporan keuangan Perseroan untuk tahun buku 2008 disajikan tidak sesuai dengan prinsipprinsip akuntansi yang berlaku umum di Indonesia.
2. Tidak terdapat laporan/ informasi yang menyebabkan Komite Audit berkesimpulan bahwa
Perseroan telah melakukan kegiatan yang dapat dipandang sebagai unsur tindakan
pelanggaran hukum ataupun penyimpangan dari peraturan perundang-undangan yang
berlaku di bidang pasar modal dan peraturan lainnya sehubungan dengan kegiatan
usaha Perseroan.

3. Conduct evaluation on the external auditor activities covering:

a. Study the external auditor independence related to the Companys audit tasks.
b. Discuss with the external auditor conducting the audit on the financial statement of
2008 to review its scope, audit plan and execution to ensure that the audit is executed
based on audit standards stipulated by the Indonesian Accountant Association.
c. Review corrections and suggestions from external auditor as a result of the audit on
the Companys 2008 financial statements.
Based on the study results on the above matters, the Audit Committee was of the opinion
that:

1. There were no report/information for the Audit Committee to conclude that the Companys
financial statement for 2008 was presented not according to general accounting principals
accepted in Indonesia.
2. There were no reports / information which caused the Audit Committee to conclude that
the Company conducted activities that may be regarded as legal violations or deviations
from prevailing laws and regulations in the capital market and other regulations related
to the Companys operational activities.

34

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
3. Untuk meningkatkan kinerja Perseroan, beberapa hal yang perlu mendapat perhatian
dari manajemen:
a. Melaksanakan tertib administrasi terhadap seluruh proses kegiatan Perseroan sesuai
dengan petunjuk pelaksanaan kegiatan Perseroan (Jembo Standard atau JS).
b. Penyesuaian petunjuk pelaksanaan kegiatan Perseroan sesuai dengan kondisi terkini.
c. Meningkatkan pengawasan terhadap pelaksanaan kegiatan Perseroan.
d. Meningkatkan pelaksanaan manajemen risiko.
e. Meningkatkan kemampuan sumber daya manusia dan perangkat lunaknya terkait
dengan penggunaan Sistem Teknologi Informasi, agar dapat memberikan informasi
secara cepat dan akurat bagi Manajemen dalam mengelola Perseroan.

3. To improve the Companys performance, some matters needing the attention of the
management:
a. Conduct administrative discipline on the overall process of the Companys operation
to comply with the implementation directives of the JS.
b. Adaptation of the Companys operational implementation guidance according to
current conditions.
c. Improve supervision on the Companys activities implementation.
d. Improve risks management implementation.
e. Improve the capability of human resources and soft wares related to the usage of
new information technology, to enable it to provide fast and accurate information to
the management need in managing the Company.

Tangerang,
Komite Audit
Audit Committee

Drs. IG.M. Putera Astaman

Ketua Komite Audit
Chairman Audit Committee

35

Analisa dan Pembahasan Managemen Management Analysis & Review

1. Tinjauan Usaha
Walaupun kondisi perekonomian akhir tahun 2008, yaitu pada triwulan ketiga tidak
menggembirakan dengan dimulainya krisis perekonomian global, secara keseluruhan dalam
tahun 2008 indusri kabel masih mengalami peningkatan dibanding tahun sebelumnya.
Peningkatan industri kabel dalam tahun 2008 tersebut juga dialami Perseroan melalui
peningkatan penjualannya.
Penjualan konsolidasi perseroan untuk tahun yang berakhir pada tanggal 31 Desember 2008
mencapai sebesar Rp1.131,1 miliar, naik sebesar Rp395,5 miliar atau naik 53,8% dibandingkan
tahun 2007 sebesar Rp735,6 miliar. Kenaikan penjualan tahun 2008 sebesar Rp395,5 miliar
atau hampir mencapai 60%, terjadi pada penjualan kabel listrik tegangan rendah aluminium
dan kabel tegangan menengah, dengan konsumen utamanya adalah Perusahaan Listrik
Negara (PLN). Peningkatan permintaan kabel oleh PLN sudah terasa sejak kuartal III tahun
2007 yang dilakukan secara bertahap hingga akhir 2008 untuk pengadaan konduktor jaringan
transmisi proyek pembangkit.
Kenaikan penjualan kabel tegangan rendah tembaga memberikan sumbangan sekitar 32 %
terutama diperoleh dari ekspor ke beberapa negara asia dan eropa sedangkan sisanya dari
kabel telepon serat optik.
Penurunan penjualan terjadi pada penjualan kabel telepon metalik dan penjualan energi
listrik. Penurunan penjualan kabel telepon metalik cukup signifikan oleh karena beralihnya
penggunaan kabel telepon tembaga ke kabel telepon serat optik dan juga penggunaan ke

1. Operational Review
Despite the fact that the economic situation in the third quarter of 2008 was not conducive
with the global economic crisis looming up, the cable industry was still able to experience
an increase compared to the previous year. The Company also experienced this fact in 2008
by the increase in its sales volume.
The Company consolidated sales increase for the year ended as of December 31st 2008
amounted to Rp.1,131.1 billion, up by Rp. 395,5 billion or an increase of 53.8% compared to
Rp.735.6 billion in 2007. Sales increase in 2008 was Rp.395.5 billion or nearly 60%, was in Low
Voltage Copper Insulated Cable and Medium Voltage Cable, with the main customer the
State Electric Company (PLN). The increase in cable demand by PLN was already apparent
since the third quarter of 2007, conducted in stages until the end of 2008 for he power project
transmission network conductor.
The increase in low voltage copper insulated cable contributed 32% especially with the export
to several Asia countries and Europe, and the remaining from optic fibre telephone cable.

36

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
telepon tanpa kabel. Sedangkan penurunan penjualan energi anak perusahaan karena
penurunan pemasokan (permintaan) energi listrik oleh PLN Batam.

Selama kurun waktu tahun 2008, Perseroan tidak melakukan tambahan investasi mesin untuk
menambah kapasitas produksinya karena kapasitas produksi perseroan masih cukup dengan
tingkat utilitas baru sekitar 70%.

2. Kinerja Operasional
a. Aset
Aset konsolidasi Perseroan tahun 2008 mengalami kenaikan, baik aset lancarnya maupun
aset tidak lancar masing-masing sebesar 53,8% dan 0,07% dibanding tahun 2007, sehingga
secara keseluruhan aset konsolidasi perseroan pada tahun 2008 mengalami kenaikan sebesar
Rp202,9 miliar dari Rp470,5 miliar tahun 2007 menjadi Rp673,4 miliar tahun 2008 atau naik
sebesar 43,1%.

Kenaikan tertinggi terjadi pada piutang usaha sebesar Rp101,1 miliar atau 47,5% dibanding
tahun 2007 yang disebabkan oleh kenaikan penjualan, demikian pula terjadi pada persediaan
yang naik sebesar Rp24,6 miliar atau naik 21% dibanding tahun 2007. Kas dan setara kas juga
mengalami kenaikan sebesar Rp56,1 miliar atau naik 2.718,7% karena pada akhir tahun 2008
penerimaan dana untuk pembelian bahan baku belum dipergunakan.

A drop in sales was experience for metallic phone cables and power sales. The decrease of
the metallic phone cable was very significant due to the change from the use of copper
phone cables to fibre optic cables and also the use of non-cable phone. While the decrease
in energy sales by the subsidiary was due to the decrease in power supply by the Batam PLN.
During 2008, the Company did not conduct additional machine investment to increase
production capacity, as the Company production capacity was still sufficient with a utility
level of around 70%.

2. Operational Performance
a. Assets
The Companys current consolidated assets in 2008, both current and fixed, respectively
increased by 53.8% and 0.07% compared to 2007, so that in overall the Companys consolidated
asset in 2008 underwnt an increase of Rp.202.9 billion from Rp.470.5 billion in 2007 to become
Rp.673.4 bilion in 2008 or an increase of 43.1%.
The highest increase was in account receivables of Rp.101.1 billion or 47.5% compared to
2007 due to increase in sales, there was also an increase in stock of Rp.24,6 bilion or up 21%
compared to 2007. Cash and cash equivalent also increased by Rp.56.1 billion or up 2,718.7%
as at the end of 2008 fund received for the purchase of raw material was not utilized.

37

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
b. Kewajiban
Kewajiban perseroan tahun 2008 mengalami kenaikan sebesar Rp203 miliar dari Rp383,2
miliar tahun 2007 menjadi Rp586,2 miliar tahun 2008 atau naik 53%.

Kenaikan tertinggi terjadi pada hutang dagang baik hutang dagang pada pihak hubungan
istimewa maupun hutang dagang pada pihak ketiga yang mengalami kenaikan sebesar
Rp216,8 miliar atau 132% yang disebabkan oleh kenaikan dalam penjualan dan bertambahnya
fasilitas kredit hutang non kas (non cash loan) dari beberapa bank.

c. Penjualan / Pendapatan Usaha

Penjualan konsolidasi perseroan untuk tahun yang berakhir pada tanggal 31 Desember 2008
sebesar Rp. 1.131,1 miliar mengalami kenaikan Rp. 392,5 miliar dibanding tahun 2007 sebesar
Rp. 753,6 miliar atau naik 53, 8%.
Kenaikan penjualan terjadi pada semua kelompok produk kabel listrik dan kabel telepon
serat optik kecuali kabel telepon metalik dan energi listrik mengalami penurunan penjualan.
Prosentase kenaikan tertinggi terjadi pada kabel telepon serat optik sebesar 289,8% yang
didorong dengan mulai beralihnya penggunaan kabel telepon metalik kepada serat optik.
Kemudian diikuti kenaikan kabel lisrik tegangan rendah tembaga dan kabel tegangan

b. Liabilities
The Company liabilities in 2008 increased by Rp.203 billion from Rp. 383.2 billion in 2007 to
become Rp.586.2 billion in 2008 or 53%.

Increase in the Companys liability occurred in the current liability with special related parties
or with third parties by an increase of Rp.216.8 billion or 132% mainly due to incrase in sales
and the increase in non cash loan facility from several banks.
c. Sales / Operational Income
The Company consolidated sales as ended on 31 December 2008 of Rp.1,131.1 billion increased
by Rp.392.5 billion compared to 2007, amounting to Rp.753.6 billion or up 53.8%.

The increase in the Companys Consolidated sales was due to the increase in the sales value
of all groups of electrical cables and fibre optic phone cables except for Metallic Telephone
Cable and power energy that underwent a decrease in sales.

The highest percentage increase was for optic fibre phone cables of 289.8% boost up by the
change in the use of optic fibre to replace metallic phone cables. Coming up next was the
electric low voltage copper insulated cable and medium voltage cables respectively 112%

38

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
menengah masing-masing 112% dan 100,4% dengan konsumen utamanya PLN, yang mulai
kwartal ke III tahun 2007 telah melakukan pengadaan kabel jaringan secara bertahap. Kenaikan
terendah sebesar 33,6% terjadi pada penjualan kabel tegangan rendah tembaga, kelompok
produk ini mempunyai nilai tertinggi dalam penjualannya yaitu hampir 50% dari total
penjualan tahun 2008.
Penjualan Kabel telepon metalik mengalami penurunan cukup signifikan sebesar 63,5%
dengan mulai beralihnya penggunaan kabel telepon ke serat optik dan juga beralihnya ke
penggunaan telepon tanpa kabel. Penjualan energi listrik juga mengalami penurunan sebesar
12,6 % karena berkurangnya permintaan energi listrik oleh PLN Batam.

and 100.4% with the main conumer PLN, which since the third quarter of 2007 has purchased
it for cable network. Lowest increase of 33.6% was in the sales of low voltage copper insulated
cable, this product group has the highest value in sales of nearly 50% of the total sales in
2008.
A significant drop in sales was experienced for metallic phone cables of 63.5% due to the
change from the use of copper phone cables to fibre optic cables and also the use of noncable phone. While the decrease in power energy sales of 12.6% was due to the decrease in
power supply demand by the Batam PLN.

Produk

(dalam miliar Rupiah)

Kabel Listrik
Tegangan Rendah:
Kabel Aluminium
Kabel Tembaga

Tahun 2008
Year

Tahun 2007
Year

% Kenaikan
Increase

(in billion Rupiah)

Product

Low Voltage
Electric Cable:
Aluminium Cable
Copper Cable

Rp. 262,5 M
Rp. 543,5 M

Rp. 123,8 M
Rp. 406,7 M

112,0%
33,6%

Rp. 241,7 M

Rp. 120,6 M

100,4%

Kabel Telepon:
Kabel Metalik
Kabel Serat Optik

Rp.
Rp.

18,7 M
46,0 M

Rp. 51,3 M
Rp. 11,8 M

-63,5%
289,8%

Telephone Cable:
Metallic Cable
Optik Fibre Cable

Energi Listrik

Rp.

18,7 M

Rp. 21,4 M

-12,6%

Electric Energy

Jumlah

Rp. 1.131,1 M

Rp. 735,6 M

53,8%

Total

Kabel Listrik
Tegangan Menengah

Medium Voltage
Electric Cable

39

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Grafik Penjualan per Jenis Produk (Selling Product Graphic)
543,5

550
500

2008

450

2007

406,7

400
350
300

262,5

241,7

250
200
150

123,8

120,6

100

51,3

50

18,7

46,0

11,8

18,7

21,4

Kabel Aluminium
Aluminium Cable

Kabel Tembaga
Copper Cable

Kabel TM
TM Cable

Kabel Telp. Metal

Metal Phone Cable

Kabel Serat Optik

Optic Fiber Cable

Energi Listrik
Electric Power

d. Laba Kotor
Laba Kotor perseroan tahun 2008 mengalami kenaikan sebesar Rp3,4 miliar atau sebesar
3,4% dari Rp. 101,1 miliar pada tahun 2007 menjadi Rp104,5 miliar pada tahun 2008. Jika
dihitung margin kotor penjualan, Perseroan mengalami penurunan dari 13,7% dalam tahun
2007 menjadi 9,2% tahun 2008 terutama disebabkan tingginya harga bahan baku utama
tahun 2008 sampai triwulan ketiga.

e. Beban Usaha
Beban konsolidasi perseroan tahun 2008 mengalami penurunan Rp. 872 juta dari Rp. 50 miliar
tahun 2007 menjadi Rp49,128 miliar tahun 2008. Penurunan beban terjadi pada beban
penjualan dari Rp30,4 miliar tahun 2007 menjadi Rp25,1 miliar tahun 2008 atau turun 17,4%

d. Gross Margin
The Companys gross profit in 2008 underwent an increase of Rp.3.4 billion or 3.4% from
Rp.101.1 billion in 2007 to become Rp.104.5 billion in 2008. Calculated from the gross margin
sales, the Company underwent a decrease of 13.7% in 2007 to become 9.2% in 2008 due to
high prices of main raw material in 2008 up to the third quarter.
e. Operating Expences
The Company consolidated operational expenses decreased Rp.872 million from 50 billion
in 2007 to become Rp.49.128 billion in 2008. This decrease was mainly on sales cost from
Rp.30.4 billion in 2007 to become Rp.25.1 billion in 2008 or a down 17.4% while the increase

40

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
sedangkan kenaikan beban terjadi pada beban umum dan administrasi dari Rp19,5 miliar
tahun 2007 menjadi Rp24 miliar tahun 2008 atau naik 22,7%.

f. Laba Bersih
Selama tahun 2008 perseroan mencatat laba bersih sebesar Rp78,5 juta, merupakan penurunan
sangat signifikan jika dibanding laba bersih tahun 2007 sebesar Rp. 22,92 miliar. Penurunan
terutama disebabkan kerugian nilai tukar mata uang asing dalam tahun 2008 sebesar Rp41,9
miliar, kerugian selisih kurs ini terjadi pada tiga bulan terakhir tahun 2008 atau pada triwulan
ke empat.

was in general expenses and administration from Rp.19.5 billion in 2007 to become Rp.24
billion in 2008 or up 22.7%

f. Net Profit
During 2008 the Company recorded a consolidated net profit of Rp.78.5 million. A very
significant drop compared to net profit in 2007 of Rp.22.92 billion. This decrease was mainly
due to losses in foreign currency exchange in 2008 of Rp.41.9 billion, this exchange loss
occurred in the last three months of 2008 or in the fourth quarter.

Analisis Keuangan
(dalam miliar rupiah)
Uraian

2004

2005

2006

2007

2008

Financial Analysis
(In billion rupiah)
Description

Laba Usaha

12,4

15,7

10,6

51,1

55,4

Operating Income

Laba Bersih

0,9

(2,0)

0,59

22,9

0,08

Net Income

Aset

302,0

322,7

362,3

470,5

673,4

Total Assets

Kewajiban

237,0

259,4

299,0

383,2

586,3

Liabilities

65,0

63,1

63,6

87,3

87,2

Stockholders Equity

Ekuitas

31 Desember / December 31

41

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Grafik Perbandingan Laba (Income Compare Graphic)

55,4

55,0

51,1

Laba Usaha
Operating Income

50,0

Laba Bersih
Net Income

45,0
40,0
35,0
30,0

22,9

25,0
20,0
15,0

15,7

12,4

10,6

10,0
5,0

0,9

0,59

0,08

0,0

-2,0

-5,0

2004

2005

2006

2007

2008

3. Pembayaran Hutang dan Kolektibilitas Piutang

Rata-rata pembayaran hutang dagang adalah 148 hari pada tahun 2008. Jika dibandingkan
dengan tahun 2007 yaitu 106 hari, pada tahun 2008 mengalami kenaikan 42 hari disebabkan
Perseroan mendapat tambahan perpanjangan jangka waktu pembayaran (term of payment)
dari beberapa pemasok. Sedangkan rata-rata kolektibilitas piutang dagang 2008 adalah 100
hari mengalami perbaikan jika dibandingkan tahun 2007 yaitu 105 hari.
4. Ikatan yang material untuk investasi barang modal
Pada tahun 2008 tidak ada ikatan yang material untuk investasi barang modal.

3. Loan Settlement and Outstanding collection

The average trade loan payment was 148 days in 2008. Compared to 2007 of 106 days, 2008
experienced an increase of 42 days due to the fact that the Company obtained an additional
term of payment extension from suppliers. The average outstanding collectible of trade
account payable was 100 days in 2008 showing an improvement compared to 2007 where
average payment was 105 days.
4. Material commitment for capital good investment
There was no material commitment for capital good investment in 2008.

42

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
5. Dampak Perubahan Harga Terhadap Penjualan dan Pendapatan Bersih
Ketidakstabilan harga bahan baku terutama tembaga dan terus melemahnya nilai tukar
rupiah serta dampak dari kenaikan harga minyak dalam kurun waktu tahun 2008 secara tidak
langsung jelas mempengaruhi pencapaian laba kotor Perseroan. Namun upaya Perseroan
untuk mengimbangi agar laba kotor tetap dipertahankan pada persentasi yang diharapkan
dan juga untuk menekan kerugian atas nilai tukar mata uang asing, maka Perseroan
mengupayakan nilai penjualan ekspor terus meningkat dan hal ini terbukti pada tahun 2008
penjualan ekspor mengalami kenaikan sebesar 91,1% atau Rp194,6 miliar, yaitu dari Rp213,6
miliar pada tahun 2007 menjadi Rp408,2 miliar pada tahun 2008.
6. Informasi dan fakta material yang terjadi setelah tanggal laporan akuntasi
Tidak ada informasi dan fakta material yang terjadi setelah tanggal laporan akuntansi.

7. Prospek Usaha
Walau hasil kinerja akhir Perseroan mengalami penurunan bila dibandingkan dengan tahun
lalu, sebagai akibat terjadinya kerugian selisih kurs yang cukup besar dalam triwulan keempat
tahun 2008, namun penjualan konsolidasi Perseroan pada tahun 2008 mengalami peningkatan
secara signifikan yaitu sebesar Rp395,5 miliar dibanding tahun 2007, atau dari Rp735,6 miliar
pada tahun 2007 menjadi Rp1.131,1 pada tahun 2008. Hal ini tentunya dapat mendorong
seluruh elemen dari Perseroan untuk terus berusaha agar perolehan laba pada tahun berikutnya
akan terus meningkat.

5. The Impact of Price Changes on Sales and Net Revenue

Due to the quite significant price increase of raw material especially copper and the weakened
exchange rate of the rupiah and the increase in oil prices during 2008 indirectly affected the
attainment of the Company gross profit. The Company efforts to counter it and maintain its
performance and to compensate the loss due to the exchange rate of foreign currency by
increasing its export sales paid off in 2008 evidenced by an increase in export sales of 91.1%
amounting to Rp.194.6 billion, from Rp.213.6 billion in 2007 to become Rp.408.2 billion in
2008.
6. Information and material facts that took place after the date of audit report.
There was no information and materal facts taking place after the audit report date.

7. Operational Prospect
Although the Companys end performance underwent a decrease compared to the previous
year, due to the vast differences in exchange rate in the fourth quarter of 2008, the Companys
consolidated sales in 2008 significantly increased by Rp.395.5 billion compared to 2007, or
from Rp.735.6 billion in 2007 to become Rp.1, 131.1 in 2008. This will surely boost all elements
in the Company to continually effort to obtain a better result in the next year.

43

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
Meningkatnya penjualan untuk semua kelompok kabel listrik baik tegangan rendah dan
tegangan menengah pada jenis tembaga dan aluminum memberi gambaran adanya
pertumbuhan usaha pada industri kabel, meskipun hal ini juga sangat bergantung kepada
kondisi perekonomian, baik nasional maupun secara global.

Selain pasar lokal, besarnya peluang di pasar internasional yang ditunjukkan dengan terus
meningkatnya penjualan ke pasar internasional, hal ini tentu mendorong rasa optimis akan
pertumbuhan usaha Perseroan. Kinerja anak perusahaan Perseroan juga diharapkan akan
terus meningkat seiring dengan meningkatnya kebutuhan energi listrik.
8. Aspek Pemasaran
Infrastruktur, Industri, serta Konstruksi dan Bangunan merupakan tiga pasar utama yang
dilayani oleh Perseroan dengan berbagai macam produk yang dihasilkan, pada pasar lokal
maupun internasional.

Dalam usaha meningkatkan penjualan, selain terus meningkatkan kualitas dan kemampuan,
Perseroan juga terus berusaha untuk menambah jenis produk kabel yang dapat diproduksi
terutama pada jenis-jenis kabel khusus, serta mendorong naiknya angka ekspor melalui
penjualan produk-produk unggulan seperti yang terjadi pada tahun 2007.

Sales increase for alll types of cable groups both low voltage and medium voltage electrical
cables, copper as well as aluminum insulated, showed that there was a growth in the cable
industry, although it was also very dependent on economic conditions, both national and
global.
Besides the local market, opportunities in the international market evidenced by an everincreasing sales to the international market, boosted the optimistic view of the Company
operational growth. The Company Subsidiary performance is also expected to become better
in line with the increased demand for power energy.
8. Marketing Aspects
Infrastructure, Industry, and Construction and Buildings are three main markets served by
the Company with its various types of products both in the domestic and international market.

In its effort to increase sales, besides improving its quality and capability, the Company is
also trying to add more cable varieties especially for special types of cables and boost up its
export rate by the sales of superior products.

44

000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
000000000000000000000000000000000000000
9. Kebijakan Dividen
Untuk mencapai keseimbangan yang baik antara kepentingan dari para Pemegang Saham
dengan kondisi keuangan serta pertumbuhan Perseroan, pembayaran atau pembagian
dividen ditentukan dalam Rapat Umum Pemegang Saham selama tidak bertentangan dengan
Anggaran Dasar Perseroan.
Dalam Rapat Umum Pemegang Saham tanggal 25 Mei 2008 untuk tahun buku yang berakhir
pada tanggal 31 Desember 2008, diputuskan bahwa tidak ada pembagian dividen.

9. Dividend Policy
To maintain a good balance between the interest of the shareholders and the financial
condition and growth of the Company, payment or dividend distribution is decided in the
General Meeting of Shareholders as long as it does not violate the Companys Articles of
Association.

According to the resolution of the General Meeting of Shareholders on may 25th 2008 for the
book year ended on December 31st 2008, it was decided that there would be no dividend
distributed.

45

Struktur Organisasi Organization Structure

Board of Commissioners

AuditCommittee

President Director

Internal Control

Managing Director

Management Representative

Corporate Secretary

Corporate Communication

Manufacturing Director

Finance Director

Quality Assurance
Manager

Low Voltage Cables

Production Manager

Finance & Accounting

Manager

Information
Technology
Manager

Production Planning
& Inventory Control
Manager

Telephone & Medium

Voltage Cables
Production Manager

Supply Chain
Manager

Master Facility
Manager

Maintenance
Manager

Process Engineering
Manager

46

Human Resources
& General Affairs
Director

Marketing Director

Human Resources
Development & General
Affairs Manager

Sales Manager

Sales Support
Manager

Business Development
Manager

Annual Report 2008

LAPORAN TAHUNAN 2008 / 2008 ANNUAL REPORT

PT JEMBO CABLE COMPANY Tbk.

Dewan Komisaris dan Direksi bertanggung jawab penuh atas kebenaran isi Laporan Tahunan
PT Jembo Cable Company Tbk, Tahun 2008.
The Board of Commissioners and The Board of Director are fully responsible as to the contents
of the 2008 Annual Report of PT Jembo Cable Company Tbk.
Dewan Komisaris
Board of Commissioners

Drs. I Gusti Made Putera Astaman

Ny. Hauw Ay Lan

Presiden Komisaris &

Komisaris Independen
President Commissioner &
Independent Commissioner

Komisaris
Commissioner

Drs. Andreas S. Soedjijanto, MBA, FLMI

Komisaris Independen
Independent Commissioner

Direksi
Board of Directors

Santoso

Mary Ang Santoso

Cahayadi Santoso

Drs. Antonius Benady

Sugono Widjaja

Nobuo Ninomiya

Presiden Direktur
President Director

Direktur
Director

Direktur
Director

Direktur
Director

Direktur
Director

Direktur
Director

Halaman ini sengaja dikosongkan

This page is intentionally left blank

These Consolidated Financial Statements are Originally

Issued in Indonesian Language
Ekshibit A

Exhibit A

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

NERACA KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

A S E T
2008

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

CONSOLIDATED BALANCE SHEETS
31 DECEMBER 2008AND 2007
(Expressed in thousands Rupiah, unless otherwise stated)

Catatan/
Notes

S E T S

2007

ASET LANCAR
Kas dan setara kas
Piutang usaha
Pihak hubungan istimewa
Pihak ketiga - setelah dikurangi penyisihan
piutang ragu-ragu sebesar Rp 1.605.769
(2007: Rp 1.418.419)
Piutang lain-lain - Pihak ketiga
Persediaan
Pajak dibayar di muka
Uang muka pembelian
Biaya dibayar di muka

52.423.222

70.484.383

261.634.153
11.861.030
141.987.291
19.816.882
11.889.262
1.010.801

142.386.994
7.596.171
117.366.010
3.049.725
20.165.127
296.295

CURRENT ASSETS
Cash and cash equivalents
Trade receivables
Related parties
Third parties - net of allowance
for doubful accounts of Rp 1,605,769
(2007: Rp 1,418,419)
Other receivables - Third parties
Inventories
Prepaid taxes
Purchase advances
Prepaid expenses

Jumlah Aset Lancar

558.883.835

363.488.098

Total Current Assets

ASET TIDAK LANCAR

Aset pajak tangguhan
Investasi dalam saham
Aset tetap - setelah dikurangi
akumulasi penyusutan sebesar
Rp 208.608.819 (2007 : Rp 196.448.316)
Uang jaminan

58.261.193

8.376.046
1.500.000

90.128.697
14.507.947

2c,e,3
2c,d,e,f,4,28

2g,5,10,16
2n,25
7
2h

2n,25
2i,7

8
2c,9

2.143.393

93.906.506
3.205.019

NON-CURRENT ASSETS
Deferred tax assets
Investments in share of stocks
Property, plant and equipment net of
accumulated depreciation of
Rp 208,608,819 (2007 : Rp 196,448,316)
Security deposits

8.224.986
1.650.000

Jumlah Aset Tidak Lancar

114.512.690

106.986.511

Total Non-Current Assets

JUMLAH AS E T

673.396.525

470.474.609

TOTAL ASSETS

Lihat Catatan atas Laporan Keuangan Konsolidasi

pada Ekshibit E terlampir yang merupakan bagian yang tidak
terpisahkan dari Laporan Keuangan Konsolidasi secara keseluruhan

See accompanying Notes to Consolidated Financial Statements

on Exhibit E which are an integral part of
the Consolidated Financial Statements taken as a whole

These Consolidated Financial Statements are Originally

Issued in Indonesian Language
Ekshibit A/2

Ekshibit A/2

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

NERACA KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Catatan/
Notes

KEWAJIBAN DAN EKUITAS

2008
KEWAJIBAN LANCAR
Pinjaman bank jangka pendek
Hutang usaha
Pihak hubungan istimewa
Pihak ketiga
Hutang perolehan
aset tetap
Hutang lain-lain
Hutang pajak
Uang muka penjualan
Pihak hubungan istimewa
Pihak ketiga
Biaya masih harus dibayar
Hutang jangka panjang yang jatuh tempo dalam
waktu satu tahun
Pinjaman bank
Hutang sewa pembiayaan
Jumlah Kewajiban Lancar

103.454.460

8.728.376
541.375

CURRENT LIABILITIES
Short-term bank loans
Trade payables
Related parties
Third parties
Liabilities for acquisition of property,
plant and equipment
Other payables
Taxes payables
Advances from customers
Related parties
Third parties
Accrued expenses
Current maturities of long term liabilities
Bank loans
Finance leases

359.827.128

Total Current Liabilities

115.122.724
72.706.462
91.609.768

2j,12
13
2n,25

3.003.111
24.472.471
6.054.346

788.698
22.070.536
21.553.379

2d,14,28
14
15

2.880.550
10.199.644
24.508.301

7.000.000
580.343

16
2k,17

568.547.910

Jumlah Kewajiban Tidak Lancar

17.655.442

JUMLAH KEWAJIBAN DAN EKUITAS

10
2c,d,11

2.505.747
27.609.797
1.871.020

2.255.065
15.400.377

Jumlah Ekuitas

LIABILITIES AND SHAREHOLDERS EQUITY

2007

80.580.285
300.533.644

KEWAJIBAN TIDAK LANCAR

Hutang pihak hubungan istimewa
Hutang jangka panjang - setelah dikurangi bagian
yang jatuh tempo dalam waktu satu tahun
Pinjaman bank
Hutang sewa pembiayaan
Kewajiban imbalan pasca kerja

EKUITAS
Modal saham - nilai nominal Rp 500 per saham*)
Modal dasar - 600.000.000 saham
Modal ditempatkan dan disetor 151.200.000 saham
Agio saham
Selisih penilaian kembali
aset tetap
Laba belum direalisasi
dari pemilikan efek
Saldo laba (defisit)
Ditentukan penggunaannya
Tidak ditentukan penggunaannya

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

CONSOLIDATED BALANCE SHEETS
31 DECEMBER 2008AND 2007
(Expressed in thousands Rupiah, unless otherwise stated)

2d,28

75.600.000
3.900.000
1.100.000
774.497
5.818.676

5.694.942
929.014
11.715.251

NON-CURRENT LIABILITIES
Due to related parties
Long-term liabilities - net of
current maturities
Bank loans
Finance leases
Provision for post-employment benefits

23.382.812

Total Non-Current Liabilities

5.043.605

16
2k,8,17
2m,27

18
19

75.600.000
3.900.000

31

33.676.181

2i,7

1.250.000

774.497
27.936.009)

SHAREHOLDERS' EQUITY
Share capital - Rp 500 par value per share *)
Authorized - 600,000,000 shares
Subscribed and paid-up 151,200,000 shares
Additional paid in capital
Revaluation increment in property,
plant and equipments
Unrealized gain on increase in value of
investments in shares of stocks
Retained earnings (deficits)
Appropriated
Unappropriated

87.193.173

87.264.669

Total Shareholders Equity

673.396.525

470.474.609

TOTAL LIABILITIES AND

SHAREHOLDERS' EQUITY

*) Dalam Rupiah penuh

Lihat Catatan atas Laporan Keuangan Konsolidasi

pada Ekshibit E terlampir yang merupakan bagian yang tidak
terpisahkan dari Laporan Keuangan Konsolidasi secara keseluruhan

In full Rupiah *)

See accompanying Notes to Consolidated Financial Statements

on Exhibit E which are an integral part of
the Consolidated Financial Statements taken as a whole

These Consolidated Financial Statements are Originally

Issued in Indonesian Language
Ekshibit B

Exhibit B

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

LAPORAN LABA RUGI KONSOLIDASI
TAHUN YANG BERAKHIR 31 DESEMBER 2008 DAN 2007
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

CONSOLIDATED STATEMENT OF INCOME
YEARS ENDED 31 DECEMBER 2008 AND 2007
(Expressed in thousands Rupiah, unless otherwise stated)

Catatan/
Notes

2008

2007

PENJUALAN BERSIH

1.131.138.415

2d,20,28

735.588.653

NET SALES

BEBAN POKOK PENJUALAN

1.026.639.982

2g,21,22,28

634.495.732

COST OF GOODS SOLD

101.092.921

GROSS PROFIT

104.498.433

LABA KOTOR
BEBAN USAHA
Beban penjualan
Beban umum dan administrasi

25.124.244
24.001.578

30.434.533
19.563.325

OPERATING EXPENSES
Selling expenses
General and administrative expenses

Jumlah Beban Usaha

49.125.822

49.997.858

Total Operating Expenses

LABA DARI USAHA

55.372.611

51.095.063

INCOME FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN

Penjualan barang rusak
Keuntungan penjualan aset tetap
Penghasilan bunga
Beban pinjaman
Provisi dan administrasi bank
Kerugian nilai tukar mata uang asing - Bersih
Lain-lain - Bersih

6.217.147
203.566)
924.801
13.930.169)
5.980.913)
41.935.214)
1.269.189

Beban Lain-Lain - Bersih

2l,23

(
(
(
(

2l
2j
3
24
2c

53.638.725)

(
(
(

1.733.886

LABA SEBELUM PAJAK

5.915.677
1.752.212
165.160
19.431.585)
3.412.458)
2.932.812)
4.266.774

OTHER INCOME (CHARGES)

Sales of scrap
Gain on sale of property, plant and equipments
Interest income
Interest expenses
Provision and bank administration
Loss from foreign exchange - Net
Others - Net

13.677.032)

Other Charge - Net

37.418.031

MANFAAT (BEBAN) PAJAK

Pajak kini
Pajak tangguhan

1.806.443)
151.061

(
(

12.346.802)
2.149.649)

TAX INCOME (EXPENSES)

Current
Deferred

Jumlah Beban Pajak

1.655.382)

14.496.451)

Total Income Tax

LABA BERSIH TAHUN BERJALAN

LABA PER SAHAM DASAR *)
Laba bersih

2n,25

INCOME BEFORE TAX

78.504

0,52

*) Dalam Rupiah penuh

Lihat Catatan atas Laporan Keuangan Konsolidasi

pada Ekshibit E terlampir yang merupakan bagian yang tidak
terpisahkan dari Laporan Keuangan Konsolidasi secara keseluruhan

2o,26

22.921.580

NET INCOME FOR THE YEAR

152,00

INCOME EARNING PER SHARE *)

Net Income
*) In full Rupiah

See accompanying Notes to Consolidated Financial Statements

on Exhibit E which are an integral part of
the Consolidated Financial Statements taken as a whole

These Consolidated Financial Statements are Originally

Issued in Indonesian Language
Ekshibit C

Exhibit C

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

LAPORAN PERUBAHAN EKUITAS KONSOLIDASI
TAHUN YANG BERAKHIR 31 DESEMBER 2008 DAN 2007
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

Modal
disetor/
Share
capital
Saldo 31 Desember 2006

75.600.000

Agio
saham/
Additional
paid-in
capital
3.900.000

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
YEARS ENDED 31 DECEMBER 2008 AND 2007
(Expressed in thousands Rupiah, unless otherwise stated )

Selisih
penilaian
kembali
aktiva tetap/
Revaluation
increment
in
property,
plant
and
equipment

Laba belum
direalisasi
dari
pemilikan
efek/
Unrealized
gain
on increase
in value of
investment in
shares of
stock

33.676.181

500.000

Laba belum direalisasi dari

pemilikan efek

Laba bersih tahun berjalan

Saldo 31 Desember 2007

75.600.000

3.900.000

750.000
-

33.676.181

1.250.000

Penyesuaian atas penerapan

PSAK No. 16 (Revisi 2007)

( 33.676.181)

Laba belum direalisasi dari

pemilikan efek

Laba bersih tahun berjalan

Saldo 31 Desember 2008

75.600.000
Catatan 18/
Notes 18

3.900.000
Catatan 19/
Notes 19

Catatan 2i,31/
Notes 2i,31

1.100.000
Catatan 2h,7/
Notes 2h,7

Lihat Catatan atas Laporan Keuangan Konsolidasi

pada Ekshibit E terlampir yang merupakan bagian yang tidak
terpisahkan dari Laporan Keuangan Konsolidasi secara keseluruhan

150.000)

Saldo laba (defisit)

Tidak
Ditentukan
ditentukan
penggunaan- penggunaanJumlah
nya
nya
ekuitas/
Retained earnings (deficits)
Total
appropriated unappropriated shareholders equity
774.497

774.497

( 50.857.589)

22.921.580
( 27.936.009)

33.676.181

86.452.323

Balance as of 31 December 2006

750.000

Unrealized gain on increase in value of

investments in shares of stock

22.921.580

Net income for the year

87.264.669

Balance as of 31 December 2007

Adjusment arising from adoption of
SFAS No. 16 (Revised 2007)

150.000)

Unrealized gain on decrese in value of

investments in shares of stock

78.504

78.504

Net income for the year

5.818.676

87.193.173

Balance as of 31 December 2008

774.497

See accompanying Notes to Consolidated Financial Statements

on Exhibit E which are an integral part of
the Consolidated Financial Statements taken as a whole

These Consolidated Financial Statements are Originally

Issued in Indonesian Language
Ekshibit D

Exhibit D

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

LAPORAN ARUS KAS KONSOLIDASI
TAHUN YANG BERAKHIR 31 DESEMBER 2008 DAN 2007
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED 31 DECEMBER 2008 AND 2007
(Expressed in Rupiah, unless otherwise stated)

2008
ARUS KAS DARI AKTIVITAS OPERASI
Penerimaan kas dari pelanggan
Pembayaran kas kepada:
Pemasok
Direksi dan karyawan
Kas dihasilkan dari operasi
Pembayaran bunga dan beban keuangan
Beban operasi
Pembayaran pajak penghasilan
Penerimaan restitusi pajak penghasilan - Bersih

2007

( 583.594.430)
( 25.735.368)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash receipts from customers
Cash paid to:
Suppliers
Directors and employees

55.002.566
19.431.585)
49.445.582)
295.673

Cash generated from operations

Interest and financial charges paid
Operation expenses
Payments of income taxes
Income tax refund - Net

13.578.928)

Net cash flows provided by (used in)

operating activities

(
(

165.160
1.752.212
5.188.279)
9.680.223)

CASH FLOWS FROM INVESTING ACTIVITIES

Interest received
Proceeds from sale of property, plant and equipment
Acquisitions of property, plant and equipment
Payments of security deposits

12.951.130)

Net cash flows used in investing activities

1.029.952.416
( 860.875.966)
( 32.618.440)
136.458.010
13.930.169)
( 19.141.710)
(

Arus kas bersih diperoleh dari (digunakan untuk)

aktivitas operasi

103.386.131

ARUS KAS DARI AKTIVITAS INVESTASI

Penerimaan bunga
Hasil penjualan aset tetap
Perolehan aset tetap
Pembayaran uang jaminan

(
(

924.801
8.705.596)
14.507.947)

Arus kas bersih digunakan untuk aktivitas investasi

22.288.742)

664.332.364

(
(

ARUS KAS DARI AKTIVITAS PENDANAAN

Pembayaran hutang pihak hubungan istimewa
Pembayaran utang bank
Pembayaran wesel bayar
Pembayaran hutang pembelian aset tetap
Pembayaran hutang sewa pembiayaan
Pembayaran hutang lainnya
Arus kas bersih (digunakan) diperoleh dari
aktivitas pendanaan
KENAIKAN BERSIH DALAM KAS DAN SETARA KAS
KAS DAN SETARA KAS PADA
AWAL TAHUN
KAS DAN SETARA KAS PADA AKHIR TAHUN

PENGUNGKAPAN TAMBAHAN
Aktivitas investasi dan pendanaan yang tidak
mempengaruhi kas:
Aktivitas normal:
Penambahan aset sewa pembiayaan melalui
hutang sewa pembiayaan

CASH FLOWS FROM FINANCING ACTIVITIES

(
(
(
(

5.043.605)
19.091.582)
497.364)
347.038)
-

(
(
(
(

2.800.343)
39.338.211
2.860.594)
1.342.746)
5.229.149)

Payment of due to related parties

Proceeds from (payments of) bank loan
(Payments of of notes payable
Payments of loan for property, plant, and equipment
Payments of finance leases
Payments of other loans

27.105.379

Net cash flows (used in) provided by

financing activities

56.117.800

575.321

NET INCREASE IN CASH AND CASH EQUIVALENT

2.143.393

1.568.072

CASH AND CASH EQUIVALENTS AT

BEGINNING OF YEAR

58.261.193

2.143.393

CASH AND CASH EQUIVALENTS AT END OF YEAR

834.909

SUPPLEMENTAL DISCLOSURES
Noncash investing and financing
activities:
Ordinary activities:
Increase in leased assets through
finance lease

24.979.589)

1.712.057

Lihat Catatan atas Laporan Keuangan Konsolidasi pada Ekshibit E

terlampir yang merupakan bagian yang tidak terpisahkan
dari Laporan Keuangan Konsolidasi secara keseluruhan

See accompanying Notes to Consolidated Financial Statements on Exhibit E

which are an integral part of
the Consolidated Financial Statements taken as a whole

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

1.

UMUM

Exhibit E
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

1. G E N E R A L

a. Pendirian dan Informasi Umum

a. Establishment and General Information

PT Jembo Cable Company Tbk (Perusahaan) didirikan

dalam rangka Undang-Undang Penanaman Modal
Dalam Negeri No. 6 tahun 1968 juncto No. 12 tahun
1970 pada tanggal 17 April 1973 berdasarkan akta
Notaris No. 51 dari Lody Herlianto, S.H, Notaris di
Jakarta. Anggaran dasar beserta perubahannya telah
mendapat pengesahan dari Menteri Kehakiman
Republik Indonesia dengan Surat Keputusan
No. Y.A.5/106/17 tanggal 30 Maret 1974 dan telah
diumumkan dalam Berita Negara Republik Indonesia
No. 35 tanggal 3 Mei 1983, Tambahan No. 490 dan
No. 491. Anggaran dasar tersebut telah mengalami
beberapa kali perubahan terakhir diubah dengan akta
Notaris No. 26 tanggal 27 Juni 2008 dari
Ati Mulyati, S.H Notaris di Jakarta mengenai perubahan
pengurus perusahaan dan perubahan seluruh anggaran
dasar perusahaan guna menyesuaikan dengan Undangundang No. 40 Tahun 2007 tentang Perseroan Terbatas.
Akta perubahan ini telah mendapat persetujuan Menteri
Hukum dan Hak Asasi Manusia Republik Indonesia
sebagaimana penerimaan laporan akta perubahan
anggaran dasar perusahaan dengan Surat Keputusan
No. AHU-56016.AH.01.02.Tahun
2008
tanggal
27 Agustus 2008.

PT Jembo Cable Company Tbk (the Company) was

established based on Notarial deed No. 51 dated
17 April 1973 of Lody Herlianto, SH, Notary in Jakarta,
under the framework of Domestic Capital Investment
Law No. 6 of 1968 as amended by Law No. 12 of 1970.
The Companys articles of association together with the
amendments were approved by the Minister of Justice of
the Republic of Indonesia in his Decision Letter
No. Y.A.5/106/17 dated 30 March 1974 and were
published in the State Gazette No. 35 dated 3 May 1983,
Supplement No. 490 and No. 491. The Companys
articles of association have been amended several times,
the latest by Notarial deed No.26 dated 27 June 2008, of
Ati Mulayti, S.H., Notary in Jakarta, regarding the
exchange of the Companys managements and to
conform with Law No. 40 Year 2007 regarding Limited
Liability Companies. These amendments were approved
by the Minister of Justice and Humand Rights of the
Republic of Indonesia as reflected in the
acknowledgment of notification on changes of the
article of association of the Company in his Decision
letter No. AHU-56016.AH.01.02.Tahun 2008 dated
27 August 2008.

Perusahaan berdomisili di Tangerang, propinsi Banten.

Kantor terletak di Mega Glodok Kemayoran, Jakarta
dan pabriknya terletak di Desa Gandasari, Kecamatan
Jatiuwung, Kabupaten Tangerang.

The Company is domiciled in Tangerang, Banten. Its

office located in Mega Glodok Kemayoran, Jakarta and
its factory located in Desa Gandasari, Kecamatan
Jatiuwung, Kabupaten Tangerang.

Sesuai dengan pasal 3 Anggaran Dasarnya, ruang

lingkup kegiatan Perusahaan adalah bergerak dalam
bidang usaha industri kabel listrik dan telekomunikasi.
Kegiatan usaha komersial Perusahaan dimulai sejak
tahun 1974. Jumlah karyawan Perusahaan rata-rata
sejumlah 705 karyawan (2007: 625 karyawan).

In accordance with article 3 of the Companys articles

of association, the scope of its activities comprises
manufacturing of electrical and telecommunications
cables. The Company started commercial operations in
1974. The Company had average total number of
employees of 705 (2007: 625 employees).

Susunan
pengurus
Perusahaan pada
tanggal
31 Desember 2008 dan 2007 adalah sebagai berikut :

On 31 December 2008 and 2007, the Companys

management consisted of the following:

2008
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris

Dewan Direksi
Direktur Utama
Direktur
Direktur
Direktur
Direktur
Direktur

Drs IGM Putera Astaman

Hauw Ay Lan
Drs Andreas Soewatjono Soedjianto, MBA

Santoso
Mary Ang Santoso
Antonius Benady
Sugono Widjaya
Cahayadi Santoso
Nobuo Ninomiya

Board of Commissioners
President Commissioner
Commissioner
Commissioner

Board of Directors
President Director
Director
Director
Director
Director
Director

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/2

Exhibit E/2
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

1. U M U M (Lanjutan)

1.

a. Pendirian dan Informasi Umum (Lanjutan)

G E N E R A L (Continued)
a. Establishment and General Information (Continued)

2007
Dewan Komisaris
Komisaris Utama
Komisaris
Komisaris

Dewan Direksi
Direktur Utama
Direktur
Direktur
Direktur
Direktur
Direktur

Drs IGM Putera Astaman

Hauw Ay Lan
Drs Andreas Soewatjono Soedjianto, MBA

b.

Anak Perusahaan
Perusahaan memiliki penyertaan saham sebesar 99,89%
pada PT Jembo Energindo, anak perusahaan yang
berkedudukan di Jakarta dengan bidang usaha industri
pembangkit tenaga listrik. Anak perusahaan tersebut
mulai berproduksi secara komersial pada tanggal
5 Agustus 2002. Pada tanggal 31 Desember 2008
jumlah
aset
sebesar
Rp 73.638.755
(2007: Rp 79.087.539 ).

c.

Board of Directors
President Director
Director
Director
Director
Director
Director

Santoso
Mary Ang Santoso
Antonius Benady
Sugono Widjaya
Cahayadi Santoso
Takashi Simmoto

Imbalan yang dibayarkan kepada Komisaris dan Direksi

pada tahun 2008 Rp 1.254.000 (2007: Rp 1.269.500).

Penawaran Umum Efek

Pada tanggal 9 Oktober 1992, Perusahaan memperoleh
pernyataan efektif dari Ketua Badan Pengawas Pasar
Modal
(Bapepam)
dengan
suratnya
No. S-1676/PM/1992 untuk melakukan penawaran
umum atas 10.000.000 saham Perusahaan kepada
masyarakat. Pada tanggal 18 Nopember 1992, saham
tersebut dicatatkan pada Bursa Efek. Pada tanggal
31 Desember 2008 dan 2007, seluruh saham atau
sejumlah 151.200.000 saham telah dicatatkan pada
Bursa Efek Jakarta.

Board of Commissioners
President Commissioner
Commissioner
Commissioner

Remuneration paid to Commissioners and Directors in

2007 amounted to Rp 1,254,000 (2007: Rp 1,269,500).
b. Subsidiary
The Company has 99.89% ownership interest in
PT Jembo Energindo, a subsidiary which is located in
Jakarta and engaged in providing electrical power. The
subsidiary started commercial operations on 5 August
2002. On 31 December 2008, total assets amounted to
Rp 73,638,755 (2007: Rp 79,087,539), respectively.

c. Public Offering of Shares

On 9 October 1992, the Company obtained the
Notification of Effectivity of Share Registration
No. S-1676/PM/1992 from the Chairman of the Capital
Market Supervisory Agency (Bapepam) for the
Companys public offering of 10,000,000 shares. On
18 November 1992, these shares were listed in the
Jakarta Stock Exchange. On 31 December 2008 and
2007, all of the Companys 151,200,000 shares were
listed in the Jakarta Stock Exchange.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/3

Exhibit E/3
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI

a.

b.

Penyajian Laporan Keuangan Konsolidasi

2.

SUMMARY
POLICIES

OF

SIGNIFICANT

ACCOUNTING

a. Consolidated Financial Statement Presentation

Laporan keuangan konsolidasi disusun dengan

menggunakan prinsip dan praktek akuntansi yang
berlaku umum di Indonesia. Dasar penyusunan laporan
keuangan konsolidasi, kecuali untuk laporan arus kas,
adalah dasar akrual. Mata uang pelaporan yang
digunakan untuk penyusunan laporan keuangan
konsolidasi adalah mata uang Rupiah (Rp ), dan laporan
keuangan konsolidasi tersebut disusun berdasarkan nilai
historis, kecuali beberapa akun tertentu disusun
berdasarkan pengukuran lain sebagaimana diuraikan
dalam kebijakan akuntansi masing-masing akun
tersebut. Seluruh angka dalam laporan keuangan
konsolidasi ini kecuali dinyatakan lain, disajikan dalam
ribuan Rupiah.

The consolidated financial statements have been

prepared using accounting principles and reporting
practices generally accepted in Indonesia. The
consolidated financial statements, except for the
consolidated statements of cash flows, are prepared
under the accrual basis of accounting. The reporting
currency used in the preparation of the financial
statements is the Indonesian Rupiah, while the
measurement basis used is the historical cost, except for
certain accounts which are measured on the bases
described in the related accounting policies. All of
figures in the financial statements are expressed in
thousands Rupiah, unless otherwise stated.

Laporan arus kas konsolidasi disusun dengan

menggunakan
metode
langsung
dengan
mengelompokkan arus kas dalam aktivitas operasi,
investasi dan pendanaan.

The consolidated statements of cash flows are prepared

using the direct method with classifications of cash
flows into operating, investing, and financing activities.

Prinsip Konsolidasi

b. Principles of Consolidation

Laporan keuangan konsolidasi menggabungkan laporan

keuangan Perusahaan dan entitas yang dikendalikan
oleh Perusahaan (dan anak perusahaan) yang disusun
sampai dengan 31 Desember setiap tahunnya.
Pengendalian dianggap ada apabila Perusahaan
mempunyai hak untuk mengatur dan menentukan
kebijakan finansial dan operasional dari investee untuk
memperoleh manfaat dari aktivitasnya. Pengendalian
juga dianggap ada apabila induk perusahaan memiliki
baik secara langsung atau tidak langsung melalui anak
perusahaan lebih dari 50% hak suara.

The consolidated financial statements incorporate the

financial statements of the Company and entities
controlled by the Company (and its subsidiary) made up
to 31 December each year. Control is achieved where
the Company has the power to govern the financial and
operating policies of the investee entity so as to obtain
benefits from its activities. Control is presumed to exist
when the Company owns directly or indirectly through
subsidiaries, more than 50% of the voting rights.

Pada saat akuisisi, aset dan kewajiban anak perusahaan

diukur sebesar nilai wajarnya pada tanggal akuisisi.

On acquisition, the assets and liabilities of a subsidiary

are measured at their fair values at the date of
acquisition.

Hak pemegang saham minoritas dinyatakan sebesar

bagian minoritas dari biaya perolehan historis aset
bersih. Hak minoritas akan disesuaikan untuk bagian
minoritas dari perubahan ekuitas.

The interest of the minority shareholders is stated at the

minoritys proportion of the historical cost of the net
assets. The minority interest is subsequently adjusted for
the minoritys share of movements in equity.

Penyesuaian dapat dilakukan terhadap laporan keuangan

anak perusahaan agar kebijakan akuntansi yang
digunakan sesuai dengan kebijakan akuntansi yang
digunakan oleh Perusahaan.

Where necessary, adjustments are made to the financial

statements of the subsidiaries to bring the accounting
policies used in line with those used by the Company.

Seluruh transaksi antar perusahaan, saldo, penghasilan

dan beban dieliminasi pada saat konsolidasi.

All intra-group transactions, balances, income and

expenses are eliminated on consolidation.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/4
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

2.

IKHTISAR KEBIJAKAN AKUNTANSI (Lanjutan)

c.

Transaksi dan Saldo Dalam Mata Uang Asing

Exhibit E/4
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

2. SUMMARY
OF
SIGNIFICANT
POLICIES (Continued)

c. Foreign Currency Transactions and Balances

Transaksi-transaksi selama tahun berjalan dalam mata

uang asing dicatat dengan kurs yang berlaku pada saat
terjadinya transaksi. Pada tanggal neraca, aset dan
kewajiban moneter dalam mata uang asing disesuaikan
untuk mencerminkan kurs yang berlaku pada tanggal
tersebut. Keuntungan atau kerugian kurs yang timbul
dikreditkan atau dibebankan dalam laporan laba rugi
tahun yang bersangkutan.
d.

Transaksi Hubungan Istimewa

Transactions during the year involving foreign

currencies are recorded at the rates of exchange
prevailing at the time the transactions are made. At
balance sheet date, monetary assets and liabilities
denominated in foreign currencies are adjusted to
reflect the rates of exchange prevailing at that date. The
resulting gains or losses are reflected in the current
operations.
d. Transaction with Related Parties

Perusahaan mempunyai transaksi dengan pihak yang

mempunyai hubungan istimewa. Pihak yang mempunyai
hubungan istimewa adalah sebagaimana didefinisikan
dalam Pernyataan Standar Akuntansi Keuangan
(PSAK) No. 7.
e.

Kas dan Setara Kas

The Company has transaction with related parties. A

related party relationship is defined under Statement of
Financial Accounting Standards (SFAS) No. 7.

e.

Kas dan setara kas terdiri dari kas, bank dan semua
investasi yang jatuh tempo dalam waktu tiga bulan atau
kurang dari tanggal perolehannya dan yang tidak
dijaminkan serta tidak dibatasi penggunaannya.
f.

Penyisihan Piutang Ragu-Ragu

Persediaan

f. Allowance for Doubtful Accounts

Allowance for doubtful accounts is provided based on a
review of the status of the individual receivable
accounts at the end of the year.
g.

Persediaan dinyatakan berdasarkan biaya perolehan atau

nilai realisasi bersih, mana yang lebih rendah. Biaya
perolehan ditentukan dengan metode rata-rata
tertimbang.
h.

Biaya Dibayar Dimuka

Investasi Saham
Investasi dalam efek yang tersedia untuk dijual
dinyatakan sebesar nilai wajarnya. Keuntungan dan
kerugian yang berasal dari perubahan nilai wajar diakui
langsung dalam ekuitas sampai pada saat efek tersebut
dijual atau telah terjadi penurunan nilai. Pada saat itu,
keuntungan atau kerugian kumulatif yang sebelumnya
telah diakui dalam ekuitas dibebankan dalam laba rugi
tahun berjalan.

Inventories
Inventories are stated at cost or net realizable value,
whichever is lower. Cost is determined using the
weighted average method.

h. Prepaid Expenses

Biaya dibayar di muka diamortisasi selama manfaat

masing-masing biaya dengan menggunakan metode
garis lurus.
i.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand and
in banks and all unrestricted investments with maturities
of three months or less from the dates of placement.

Perusahaan menetapkan penyisihan piutang ragu-ragu

berdasarkan penelaahan terhadap masing-masing akun
piutang pada akhir tahun.
g.

ACCOUNTING

Prepaid expenses are amortized over their beneficial

periods using the straight-line method.

i.

Investments in Shares of Stock

Investments in available for sale securities are stated at
fair value. Unrealized gains or losses from the increase
or decrease in fair value are recorded as part of equity
and recognized as income or expenses of the period
when realized.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/5

Exhibit E/5
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

2.

IKHTISAR KEBIJAKAN AKUNTANSI (Lanjutan)

j.

2. SUMMARY
OF
SIGNIFICANT
POLICIES (Continued)

Aset Tetap

j.

ACCOUNTING

Property, Plant and Equipment

Sebelum tanggal 1 Januari 2008, aset tetap dinyatakan

sebesar biaya perolehan dikurangi akumulasi
penyusutan (kecuali tanah yang tidak disusutkan).
Efektif 1 Januari 2008, Perusahaan menerapkan PSAK
No. 16 (Revisi 2007), Aset Tetap, yang
menggantikan PSAK No. 16 (1994), Aktiva Tetap
dan Aktiva Lain-lain dan PSAK No. 17 (1994),
Akuntansi Penyusutan. Berdasarkan PSAK No. 16
(Revisi 2007), suatu entitas harus memilih model biaya
(cost model) atau model revaluasi (revaluation model)
sebagai kebijakan akuntansi pengukuran atas aset tetap.
Perusahaan telah memilih untuk menggunakan model
biaya sebagai kebijakan akuntansi pengukuran aset
tetapnya. Penerapan PSAK revisi ini tidak menimbulkan
dampak yang signifikan terhadap laporan keuangan
Perusahaan.

Prior to January 1, 2008, property and equipment were

stated at cost less accumulated depreciation (except for
land that is not depreciated). Effective 1 January, 2008,
the Company applied SFAS No. 16 (Revised 2007),
Fixed Assets, which supersedes SFAS No. 16 (1994),
Fixed Assets and Other Assets, and SFAS No. 17
(1994), Accounting for Depreciation. Under PSAK
No. 16 (Revised 2007), an entity shall choose between
the cost model and revaluation model as the accounting
policy for its property and equipment measurement. The
Company has chosen the cost model as the accounting
policy for its property and equipment measurement. The
adoption of this revised SFAS did not have significant
effect in the Companys financial statements.

Aset tetap, kecuali aset tertentu yang dinilai kembali,

dinyatakan berdasarkan biaya perolehan setelah
dikurangi akumulasi penyusutan. Aset tertentu telah
dinilai kembali berdasarkan hasil penilaian yang
dilakukan oleh penilai independen sesuai dengan
peraturan pemerintah yang berlaku. Peningkatan nilai
aset karena penilaian kembali dikreditkan pada selisih
penilaian kembali aset tetap dalam akun ekuitas.

Property, plant and equipment are stated at cost, except

for certain revalued assets, less accumulated
depreciation. Certain assets were revalued based on an
independent appraisal made in accordance with
government regulations. Revaluation increment in
property, plant and equipment was credited to a
separate account under equity.

Aset tetap, kecuali tanah, disusutkan dengan

menggunakan metode garis lurus, berdasarkan taksiran
masa manfaat ekonomis aset tetap, sebagai berikut:

Property, plant and equipment, except for land,

depreciated by using the straight-line method, based on
the estimated useful lives of the assets, as follows:

Tahun/
Years
Bangunan
Instalasi listrik
M esin
Peralatan pabrik
Peralatan pembangkit listrik
Peralatan laboratorium
Peralatan kantor
Kendaraan bermotor

Sesuai dengan PSAK No. 47 tentang Akuntansi

Tanah, perolehan tanah setelah tanggal 1 Januari 1999
dinyatakan berdasarkan biaya perolehan dan tidak
diamortisasi. Biaya-biaya tertentu sehubungan dengan
perolehan atau perpanjangan hak pemilikan tanah
ditangguhkan dan disajikan secara terpisah dari biaya
perolehan tanah. Beban ditangguhkan tersebut
diamortisasi selama periode hak atas tanah atau umur
ekonomis tanah, mana yang lebih pendek.

8 - 20
5
5 - 15
4 - 15
8 - 15
4-5
4
4

Buildings
Electrical installations
Machinery
Factory equipment
Electrical equipment
Laboratory equipment
Office equipment
Motor vehicles

In accordance with SFAS No. 47 concerning

Accounting for Land, acquisitions of land after
1 January 1999 are stated at cost and not amortized.
Specific costs associated with the acquisition or renewal
of land titles are deferred and presented separately from
the cost of the land. Such deferred costs are amortized
over the legal term of the landrights or economic life of
the land, whichever is shorter.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/6
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI (Lanjutan)

j.

Aset tetap (Lanjutan)

Exhibit E/6
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

2. SUMMARY
OF
SIGNIFICANT
POLICIES (Continued)

j.

ACCOUNTING

Property, Plant and Equipment (Continued)

Tanah dinyatakan berdasarkan biaya perolehan dan

tidak disusutkan.

Land is stated at cost and is not depreciated.

Bila nilai tercatat suatu aset melebihi taksiran jumlah

yang dapat diperoleh kembali (estimated recoverable
amount) maka nilai tersebut diturunkan ke jumlah yang
dapat diperoleh kembali tersebut, yang ditentukan
sebagai nilai tertinggi antara harga jual neto dan nilai
pakai. Penurunan nilai aset tersebut diakui sebagai
kerugian penurunan nilai aset dan dibebankan sebagai
kerugian tahun berjalan. Jika terjadi pemulihan kerugian
penurunan nilai maka nilai tercatat aset yang telah
diturunkan harus dinaikkan kembali menjadi sebesar
nilai yang dapat diperoleh kembali dan kenaikan nilai
tercatat aset tersebut tidak boleh melebihi nilai tercatat
yang seharusnya diakui apabila pada tahun sebelumnya
tidak ada pengakuan kerugian penurunan nilai aset.
Pemulihan nilai tercatat tersebut diakui sebagai
pemulihan penurunan nilai aset dan diakui sebagai
keuntungan tahun berjalan.

When the carrying amount of an asset exceeds its

estimated recoverable amount, the asset is written down
to its estimated recoverable amount, which is
determined as the higher of net selling price or value in
use. Impairment of asset is recognized as loss on
impairment which is charged to current operations. If a
reversal of an impairment has occurred, the carrying
amount of the asset is increased to its recoverable
amount, subject to the limit that the increased carrying
amount should not exceed the carrying amount that
would have been determined had no impairment loss
been recognized for the asset in prior years. The
reversal of an impairment loss is recognized as income
in the current year.

Beban pemeliharaan dan perbaikan dibebankan pada

laporan laba rugi konsolidasi pada saat terjadinya;
pengeluaran yang memperpanjang masa manfaat atau
memberi manfaat ekonomi di masa yang akan datang
dalam bentuk peningkatan kapasitas, mutu produksi atau
peningkatan standar kinerja dikapitalisasi. Aset tetap
yang sudah tidak digunakan lagi atau yang dijual
dikeluarkan dari kelompok aset tetap berikut akumulasi
penyusutannya. Keuntungan atau kerugian dari
penjualan aset tetap tersebut dibukukan dalam laporan
laba rugi konsolidasi pada tahun yang bersangkutan.

The cost of maintenance and repairs is charged to

operations as incurred; expenditures which extend the
useful life of the asset or result in increased future
economic benefits such as increase in capacity and
improvement in the quality of output or standard of
performance are capitalized. When assets are retired or
otherwise disposed of, their carrying values and the
related accumulated depreciation are removed from the
accounts and any resulting gain or loss is reflected in
the current operations.

Sesuai dengan PSAK No. 48 tentang Penurunan

Nilai Aset, jumlah aset yang dapat diperoleh kembali
diestimasi pada saat kejadian-kejadian atau perubahanperubahan mengindikasikan bahwa nilai tercatat aset
mungkin tidak dapat diperoleh kembali. Penurunan nilai
aset, jika ada, diakui sebagai rugi pada laporan laba rugi
tahun berjalan.

In accordance with SFAS No. 48 concerning

Impairment in Asset Value, the net recoverable
amount of an asset should be estimated whenever events
or changes in circumstances indicate that its carrying
amount may not be fully recoverable. Impairment in
asset value, if any, is recognized as a loss in the
statements of income for the year.

k. Sewa Pembiayaan

k. Finance Leases

Transaksi pembiayaan dikelompokkan sebagai sewa

pembiayaan apabila memenuhi kriteria sebagai berikut:

Lease transactions are recorded as fiance leases when

the following criteria are met:

1) Penyewa pembiayaan memiliki hak opsi untuk

membeli aset yang disewa pada akhir masa sewa
pembiayaan dengan harga yang telah disetujui
bersama pada saat dimulainya perjanjian
pembiayaan.

1) The lessee has the option to purchase the leased

asset at the end of the lease term at a price mutually
agreed upon at the inception of the lease agreement.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/7
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI (Lanjutan)

k. Sewa Pembiayaan (Lanjutan)

l.

Exhibit E/7
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

2. SUMMARY
OF
SIGNIFICANT
POLICIES (Continued)

ACCOUNTING

k. Finance Leases (Continued)

2) Seluruh pembayaran berkala yang dilakukan oleh

penyewa pembiayaan ditambah dengan nilai sisa
dapat menutup pengembalian biaya perolehan
barang modal yang disewa beserta bunganya
sebagai keuntungan perusahaan sewa pembiayaan.

2) All periodic lease payments made by the lessee plus

residual value shall represent a return of the cost of
leased asset and interest there on as the profit of the
lessor.

3) Masa sewa pembiayaan minimum dua tahun.

3) Minimum finance lease period is two years.

Transaksi sewa pembiayaan yang tidak memenuhi

kriteria tersebut diatas dikelompokkan sebagai transaksi
sewa menyewa biasa (operating lease).

Lease transactions that do not meet the above criteria

are recorded as operating leases.

Aset dan kewajiban sewa pembiayaan dicatat sebesar

nilai tunai dari seluruh pembayaran sewa pembiayaan
ditambah nilai sisa (harga opsi). Aset sewa pembiayaan
disusutkan dengan metode dan berdasarkan taksiran
masa manfaat ekonomis yang sama dengan aset tetap
(lihat kebijakan akuntansi mengenai aset tetap
pemilikan langsung).

Leased assets and finance lease under the finance lease

method are recorded at the present value of the total
installments plus residual value (option price). Leased
assets are depreciated using the same method and
estimated useful lives used for directly acquired
property, plant and equipment (see accounting policy
for property, plant and equipment- direct acquisitions).

Pengakuan Pendapatan dan Beban

l. Revenue and Expenses Recognition

Penjualan lokal diakui pada saat penyerahan barang

kepada pelanggan, sedangkan penjualan ekspor diakui
pada saat barang dikapalkan (F.O.B. Shipping Point)
dan hak kepemilikan berpindah ke pelanggan.

Local sales are recognized when the goods are

delivered to the customers, while export sales are
recognized when the goods are shipped (F.O.B Shipping
Point) and title has passed to the customer.

Penjualan tenaga listrik oleh anak perusahaan diakui

pada saat penyerahan atau supply tenaga listrik
PT Pelayanan Listrik Nasional (PLN) Batam.

Energy sales by subsidiary are recognized when it is

delivered or energy is supplied to PT Pelayanan Listrik
Nasional (PLN) Batam.

Beban diakui sesuai manfaatnya pada tahun yang

bersangkutan (accrual basis).

Expenses are recognized when incurred (accrual basis).

m. Imbalan Pasca-Kerja

m. Post-Employment Benefits

Perusahaan memberikan imbalan pasca-kerja imbalan

pasti untuk karyawan sesuai dengan Undang-Undang
Ketenagakerjaan No.13/2003 dan PSAK No, 24 (Revisi
2004), Imbalan Kerja. Tidak terdapat pendanaan yang
disisihkan oleh Perusahaan sehubungan dengan imbalan
pasca-kerja ini.

The Company provides defined benefit post-employment

benefits to its employees in accordance with Labor Law
No. 13/2003 and SFAS No. 24 (Revised 2004),
Employee benefit. No funding has been made to this
defined benefit plan.

Perhitungan imbalan-pasca kerja menggunakan metode

Projected Unit Credit. Akumulasi keuntungan dan
kerugian aktuarial bersih yang belum diakui yang
melebihi 10% dari nilai kini kewajiban imbalan pasti
diakui dengan metode garis lurus selama rata-rata sisa
masa kerja yang diperkirakan dari para pekerja dalam
program tersebut. Biaya jasa lalu dibebankan langsung
apabila imbalan tersebut menjadi hak atau vested, dan
sebaliknya akan diakui sebagai beban dengan metode
garis lurus selama periode rata-rata sampai imbalan
tersebut menjadi vested.

The cost of providing post-employment benefits is

determined using the Projected Unit Credit Method. The
accumulated unrecognized actuarial gains and losses
that exceed 10% of the present value of the Companys
defined benefit obligations is recognized on straight-line
basis over the expected average remaining working
lives of the participating employees. Past service cost is
recognized immediately to the extent that the benefits
are already vested, and otherwise is amortized on a
straight-line basis over the average period until the
benefits become vested.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/8
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI (Lanjutan)

m. Imbalan-Pasca Kerja (Lanjutan)

Exhibit E/8
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

2. SUMMARY
OF
SIGNIFICANT
POLICIES (Continued)

m. Post-Employment Benefits (Continued)

Jumlah yang diakui sebagai kewajiban imbalan pasti di

neraca merupakan nilai kini kewajiban imbalan pasti
disesuaikan dengan keuntungan dan kerugian actuarial
yang belum diakui, dan biaya jasa lalu yang belum
diakui.

n. Pajak Penghasilan

ACCOUNTING

The benefit obligation recognized in the balance sheet

represents the present value of the defined benefit
obligation, as adjusted for unrecognized actuarial gains
and losses and unrecognized past service cost.

n. Income Tax

Beban pajak kini ditentukan berdasarkan laba kena

pajak dalam tahun yang bersangkutan yang dihitung
berdasarkan tarif pajak yang berlaku.

Current tax expense is computed based on taxable

income for the current year and measured at applied tax
rates.

Aset dan kewajiban pajak tangguhan diakui atas

konsekuensi pajak periode mendatang yang timbul dari
perbedaan jumlah tercatat aset dan kewajiban menurut
laporan keuangan dengan dasar pengenaan pajak aset
dan kewajiban tersebut. Kewajiban pajak tangguhan
diakui untuk semua perbedaan temporer kena pajak dan
aset pajak tangguhan diakui untuk perbedaan temporer
yang boleh dikurangkan, sepanjang besar kemungkinan
dapat dimanfaatkan untuk mengurangi laba kena pajak
pada masa datang.

Deferred income tax is recognized for all temporary

differences at the balance sheet date between the tax
bases of assets and liabilities and their carrying
amounts for financial reporting purposes. Deferred tax
liabilities are recognized for all taxable temporary
differences and deferred tax assets are recognized for
all deductible temporary differences and carry-forward
of unused tax losses, to the extent that it is probable that
taxable income will be available against which the
deductible temporary differences and unused tax losses
can be utilized.

Pajak tangguhan diukur dengan menggunakan tarif

pajak yang berlaku atau secara substansial telah berlaku
pada tanggal neraca. Pajak tangguhan dibebankan atau
dikreditkan dalam laporan laba rugi, kecuali pajak
tangguhan yang dibebankan atau dikreditkan langsung
ke ekuitas.

Deferred tax is calculated at the tax rates that have been

enacted or substantively enacted by the balance sheet
date. Deferred tax is charged or credited in the
statement of income, except when it relates to items
charged or credited directly to equity, in which case the
deferred tax is also dealt with in equity.

Aset dan kewajiban pajak tangguhan disajikan di neraca,

kecuali aset dan kewajiban pajak tangguhan untuk
entitas yang berbeda atas dasar kompensasi sesuai
dengan penyajian aset dan kewajiban pajak kini.

Deferred tax assets and liabilities are offset in the

balance sheet, except if these are for different legal
entities, in the same manner the current tax assets and
liabilities are presented.

o. Laba per Saham

o. Earnings per Share

Laba per saham dasar dihitung dengan membagi laba

bersih residual dengan jumlah rata-rata tertimbang
saham yang beredar pada tahun yang bersangkutan.

p. Informasi Segmen
Informasi segmen disusun sesuai dengan kebijakan
akuntansi yang dianut dalam penyusunan dan penyajian
laporan keuangan konsolidasi. Bentuk primer pelaporan
segmen adalah segmen usaha sedangkan segmen
sekunder adalah segmen geografis.

Basic earning per share is computed by dividing net

income by the weighted average number of shares
outstanding during the year.

p.

Segment Information
Segment information is prepared using the accounting
policies adopted for preparing and presenting the
consolidated financial statements. The primary
reporting segment is based on business segments, while
secondary segment is based on geographical segments.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/9
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

2. IKHTISAR KEBIJAKAN AKUNTANSI (Lanjutan)

p. Informasi Segmen (Lanjutan)

Exhibit E/9
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

2. SUMMARY OF SIGNIFICANT
POLICIES (Continued)

ACCOUNTING

p. Segment information (Continued)

Segmen usaha adalah komponen perusahaan yang dapat

dibedakan dalam menghasilkan produk atau jasa (baik
produk atau jasa individual maupun kelompok produk
atau jasa terkait) dan komponen itu memiliki risiko dan
imbalan yang berbeda dengan risiko dan imbalan
segmen lain.

A business segment is a distinguishable component of an

enterprise that is engaged in providing an individual
product or service or a group of related products or
services that are subject to risks and returns that are
different from those of other business segments.

Segmen geografis adalah komponen perusahaan yang

dapat dibedakan dalam menghasilkan produk atau jasa
pada lingkungan (wilayah) ekonomi tertentu dan
komponen itu memiliki risiko dan imbalan yang berbeda
dengan risiko dan imbalan pada komponen yang
beroperasi pada lingkungan (wilayah) ekonomi lain.

A geographical segment is a distinguishable component

of an enterprise that is engaged in providing products
or services within a particular economic environment
and that is subject to risks and returns that are different
from those of components operating in other economic
environments.

Aset dan kewajiban yang digunakan bersama dalam satu

segmen atau lebih dialokasikan kepada setiap segmen
jika, dan hanya jika, pendapatan dan beban yang terkait
dengan aset tersebut juga dialokasikan kepada segmensegmen tersebut.

Assets and liabilities that relate jointly to two or more

segments are allocated to their respective segments if,
and only if, their related revenues and expense also are
allocated to those segments and the relative autonomy
of that segments.

q. Penggunaaan Estimasi
Penyusunan laporan keuangan konsolidasi sesuai
dengan prinsip akuntansi yang berlaku umum
mengharuskan manajemen membuat estimasi dan
asumsi yang mempengaruhi jumlah aset dan kewajiban
yang dilaporkan dan pengungkapan aset dan kewajiban
kontijensi pada tanggal laporan keuangan serta jumlah
pendapatan dan beban selama periode pelaporan.
Realisasi dapat berbeda dengan jumlah yang
diestimasikan.

q. Use of Estimates
The preparation of the consolidated financial statements
in conformity with accounting principles generally
accepted in Indonesia requires management to make
estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosures of
contingent assets and liabilities at the date of the
financial statements and the reported amounts of
revenues and expenses during the reporting period.
Actual results could differ from those estimates.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/10

Exhibit E/10
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

3. KAS DAN SETARA KAS

3.
2008

Kas
Bank
Rupiah
PT Bank M andiri (Persero), Tbk
PT Bank Rakyat Indonesia (Persero), Tbk
PT Bank Central Asia, Tbk
PT Bank Agris (d/h
PT Bank Finconesia)
PT CIM B Niaga Tbk
Standard Chartered Bank
PT Bank Akita
PT Bank Panin, Tbk
PT Bank Sinarmas
PT Bank Negara Indonesia (Persero), Tbk
PT Bank Jasa Jakarta
Bank UOB Indonesia
PT Bank Danamon Indonesia, Tbk
PT OCBC NISP, Tbk
PT Bank Internasional Indonesia, Tbk
Eu r o
PT Bank Agris (d/h PT Bank Finconesia)
Dolar Amerika Serikat
Standard Chartered Bank
PT Bank M andiri (Persero), Tbk
PT Bank Danamon Indonesia, Tbk
DBS Singapura
Bank UOB Indonesia
PT Bank Agris (d/h
PT Bank Finconesia)
PT Bank Rakyat Indonesia (Persero), Tbk
PT Bank Internasional Indonesia, Tbk
Dolar Singapura
PT CIM B Niaga Tbk
PT Bank M andiri (Persero), Tbk
DBS Singapura
Poundsterling Inggris
PT Bank M andiri (Persero), Tbk
Yen Jepang
PT Bank M andiri (Persero), Tbk

Deposito
Rupiah
Dolar Amerika Serikat

Jumlah

192.312

CASH AND CASH EQUIVALENTS

2007
75.819

8.668.371
149.841
68.003

46.928
237.338

61.300
41.018
25.252
24.481
24.452
17.096
8.945
7.995
3.840
1.919
1.094
-

58.517
46.582
22.288
16.512
621.524
103.559
11.075
4.880
268
2.599

6.717.957

181.114

16.913.067
6.479.306
3.285.987
418.630
147.478

18.533
6.169
60.779

47.846
3.479
-

79.792
3.275
7.249

45.505
32.059
-

9.675
11.702
29.454

4.150.909

61.038

47.406.869

1.579.812

8.607.096
2.054.916

199.070
288.692

10.662.012

487.762

58.261.193

2.143.393

Cash
Bank
Rupiah
PT Bank Mandiri (Persero), Tbk
PT Bank Rakyat Indonesia (Persero), Tbk
PT Bank Central Asia, Tbk
PT Bank Agris (formerly
PT Bank Finconesia)
PT CIMB Niaga Tbk
Standard Chartered Bank
PT Bank Akita
PT Bank Panin, Tbk
PT Bank Sinarmas
PT Bank Negara Indonesia (Persero), Tbk
PT Bank Jasa Jakarta
Bank UOB Indonesia
PT Bank Danamon Indonesia, Tbk
PT OCBC NISP, Tbk
PT Bank Internasional Indonesia, Tbk
E u ro
PT Bank Agris (formerly Finconesia)
U.S Dollar
Standard Chartered Bank
PT Bank Mandiri (Persero), Tbk
PT Bank Danamon Indonesia, Tbk
DBS Singapore
Bank UOB Indonesia
PT Bank Agris (formerly
PT Bank Finconesia)
PT Bank Rakyat Indonesia (Persero), Tbk
PT Bank Internasional Indonesia, Tbk
Singapore Dollar
PT CIMB Niaga Tbk
PT Bank Mandiri (Persero), Tbk
DBS Singapore
GBP
PT Bank Mandiri (Persero), Tbk
Yen Japan
PT Bank Mandiri (Persero), Tbk

Deposits
Rupiah
US Dollar

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/11

Exhibit E/11
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

3. KAS DAN SETARA KAS (Lanjutan)

3.

Tingkat bunga per tahun

Rupiah
Dolar Amerika Serikat

2008

2007

6,50%
2,75%

7,70%
4,50%

4. PIUTANG USAHA

4.

a. Jumlah piutang usaha berdasarkan pelanggan adalah

sebagai berikut

Pihak ketiga
Pelanggan Dalam Negeri
Pelanggan Luar Negeri
PT (Persero) Perusahaan Listrik Negara
PT Pelayanan Listrik Nasional-Batam

Penyisihan piutang ragu-ragu

CASH AND CASH EQUIVALENTS (Continued)

TRADE RECEIVABLES
a. Total trade receivables by customers are as follows:

2008

2007

166.312.700
94.181.065
2.746.156
-

91.028.424
30.095.640
19.977.684
2.703.665

263.239.922

143.805.413

1.605.769)

1.418.419)

261.634.153

142.386.994

52.423.222

70.484.383

314.057.375
Jumlah
b. Jumlah piutang usaha berdasarkan umur (hari) adalah
sebagai berikut

212.871.377

Pihak hubungan
istimewa (Catatan 28)

Penyisihan p iutang ragu-ragu

Bersih

23.088.583
49.970.895
62.053.852
23.368.086
21.059.925
34.748.455

315.663.144

214.289.796

314.057.375

Allowance for doubtful accounts

Related
parties (Note 28)

2007

199.192.575
77.382.700
7.169.249
9.486.170
6.950.143
15.482.307

1.605.769)

Third parties
Domestic Customers
Foreign Customers
PT (Persero) Perusahaan Listrik Negara
PT Pelayanan Listrik Nasional-Batam

Total
b. Total trade receivables by age (days) areas are as
follows:

2008
Belum jatuh temp o
Lewat jatuh temp o 1 s/d 30 hari
Lewat jatuh temp o 31 s/d 60 hari
Lewat jatuh temp o 61 s/d 90 hari
Lewat jatuh temp o 91 s/d 120 hari
Lewat jatuh temp o > 120 hari

Interest rate per annum

Rupiah
US Dollar

1.418.419)
212.871.377

Not yet due

1 - 30 days past due
31 - 60 days past due
61 - 90 days past due
91 - 120 days past due
More than 120 days past due

Allowance for doubtful accounts

N et

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/12

Exhibit E/12
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

4. PIUTANG USAHA (Lanjutan)

4.

c. Jumlah piutang usaha berdasarkan mata uang adalah

sebagai berikut

Rupiah
Dolar Amerika Serikat
Pounsterling Inggris
Dolar Singapura
Euro

Penyisihan piutang ragu-ragu

Bersih

M utasi penyisihan piutang ragu-ragu

Saldo awal
Penambahan
Penghapusan
Saldo akhir

TRADE RECEIVABLES (Continued)

c. Total trade receivables by currency are as follows:

2008

2007

171.439.523
104.687.778
11.231.939
8.497.520
19.806.384

116.004.147
59.141.351
33.923.959
5.220.339

315.663.144

214.289.796

1.605.769)

1.418.419)

314.057.375

212.871.377

2008

2007

1.418.419
747.700
560.350)

939.965
1.163.057
684.603)

1.605.769

1.418.419

Rupiah
U.S Dollar
GBP
Singapore Dollar
Euro

Allowance for doubtful accounts

N et

Changes in the allowance for doubtful accounts:

Beginning balance
Provisions
Write-off
Ending balance

Manajemen berpendapat bahwa penyisihan piutang

ragu-ragu atas piutang pada pihak ketiga adalah cukup
untuk menutupi kerugian yang mungkin timbul dari
tidak tertagihnya piutang tersebut, sedangkan terhadap
piutang pada pihak yang mempunyai hubungan
istimewa tidak diadakan penyisihan piutang ragu-ragu
karena manajemen berpendapat seluruh piutang
tersebut dapat ditagih.

Management believes that the allowance for doubtful

receivables from third parties is adequate to cover
possible losses on uncollectible accounts. No allowance
for doubtful accounts was provided on receivables from
related parties as management believes that all such
receivables are collectible.

Manajemen juga berpendapat bahwa tidak terdapat

risiko yang terkonsentrasi secara signifikan atas piutang
kepada pihak ketiga.

Management also believes that there are no significant

concentrations of credit risk in third party receivables.

Piutang usaha dijadikan jaminan atas pinjaman

PT Bank Mandiri (Persero), Tbk dan PT Bank Rakyat
Indonesia (Persero), Tbk (Catatan 10 dan 16).

The accounts receivable are used as a collateral for the

loan from PT Bank Mandiri (Persero), Tbk and
PT Bank Rakyat Indonesia (Persero), Tbk (Notes 10
and 16).

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/13

Exhibit E/13
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

5. PERSEDIAAN

5. INVENTORIES
2008

Barang jadi
Barang dalam proses
Bahan baku
Suku cadang
Bahan pembungkus
Jumlah

2007

62.306.197
33.704.541
35.630.853
8.283.895
2.061.804

44.192.565
17.914.805
47.267.647
6.517.923
1.473.070

Finished goods
Work in process
Raw materials
Spare parts
Packaging materials

141.987.291

117.366.010

Total

Pada tanggal 31 Desember 2008, seluruh persediaan telah

diasuransikan terhadap segala risiko kepada konsorsium
asuransi yang dikoordinasi oleh PT Arthagraha General
Insurance dengan jumlah pertanggungan sebesar Rp 100
miliar (angka penuh). Manajemen berpendapat bahwa nilai
pertanggungan tersebut cukup untuk menutup kemungkinan
kerugian yang dialami Perusahaan dan anak perusahaan.

On 31 December 2008, inventories were insured with

insurance consorcium which was coordinated by
PT Arthagraha General Insurance against all risks for
Rp 100 billion (full amount). Management believes that the
insurance coverage is adequate to cover possible risk of
losses to the Company and its subsidiary.

Perusahaan tidak membentuk penyisihan penurunan nilai

persediaan karena manajemen berpendapat bahwa seluruh
persediaan masih dapat dijual dengan harga di atas nilai
tercatat persediaan.

The Company has not provided an allowance for decline in

value of inventories because management believes that all
of inventories can be sold at a price above the recorded
value.

Persediaan dijadikan jaminan atas pimjaman PT Bank

Mandiri (Persero), Tbk dan PT Bank Rakyat Indonesia
(Persero), Tbk (Catatan 10 dan 16).

Inventories are used as a collateral for the loan from

PT Bank Mandiri (Persero), Tbk and PT Bank Rakyat
Indonesia (Persero), Tbk (Notes 10 and 16).

6. UANG MUKA PEMBELIAN

6.
2008

Pembelian bahan baku dan pembantu

Pihak ketiga
Uang muka impor
Uang muka lain-lain
Jumlah

PURCHASE ADVANCES
2007

9.166.847
295.782
2.426.632

15.388.990
3.065.469
1.710.668

Purchases of raw material and supplies

Third parties
Advance for imported
Other advances

11.889.262

20.165.127

Total

7. INVESTASI DALAM SAHAM

7.
2008

INVESTMENTS IN SHARES OF STOCK

2007

Biaya perolehan
Saham PT Tembaga M ulia Semanan, Tbk
sebanyak 300.000 lembar
Laba y ang belum direalisasi

400.000
1.100.000

400.000
1.250.000

Historical cost
PT Tembaga Mulia Semanan, Tbk
amounted 300,000 shares
Unrealized gain

Nilai Pasar

1.500.000

1.650.000

Market value

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/14
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

8. ASET TETAP

2008

Exhibit E/14
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

8. PROPERTY, PLANT AND EQUIPMENT

Saldo awal/
Beginning

Penambahan/ Pengurangan/ Saldo akhir/

Additions
Disposals
Ending balance

Biaya perolehan
Pemilikan langsung
Tanah
Bangunan
Instalasi listrik
Mesin
Peralatan pabrik
Peralatan pembangkit listrik
Peralatan laboratorium
Peralatan kantor
Kendaraan bermotor
Sewa pembiayaan
Kendaraan bermotor

12.838.199
25.326.041
27.700.333
162.341.628
25.141.063
8.895.902
6.991.673
11.740.626
5.673.538

575.860
2.059.366
3.192.077
1.569.842
29.510
22.744
1.256.197
-

1.240.259
68.600
169.350

13.414.059
27.385.407
27.700.333
164.293.446
26.642.305
8.925.412
7.014.417
12.996.823
5.504.188

3.705.819

1.712.057

556.750

4.861.126

Costs
Direct ownership
Land
Buildings
Electrical and machinery
Machinery
Factory equipment
Electrical equipment
Laboratory equipment
Office equipment
Motor vehicles
Finance lease
Motor vehicles

J uml ah

290.354.822

10.417.653

2.034.959

298.737.515

To t a l

Akumulasi penyusutan
Pemilikan langsung
Bangunan
Instalasi listrik
Mesin
Peralatan pabrik
Peralatan pembangkit listrik
Peralatan laboratorium
Peralatan kantor
Kendaraan bermotor
Sewa pembiayaan
Kendaraan bermotor

12.534.087
14.997.564
121.590.752
23.850.327
2.810.945
5.764.249
8.832.105
4.162.242

1.282.021
1.013.368
5.999.598
936.260
305.867
430.845
1.866.600
264.271

1.240.259
34.300
169.350

13.816.108
16.010.932
126.350.091
24.752.287
3.116.812
6.195.094
10.698.705
4.257.163

1.906.048

2.062.329

556.750

3.411.627

Accumulated depreciation
Direct ownership
Buildings
Electrical and machinery
Machinery
Factory equipment
Electrical equipment
Laboratory equipment
Office equipment
Motor vehicles
Finance lease
Motor vehicles

J uml ah

196.448.316

14.161.159

2.000.659

208.608.818

Total

90.128.697

Carrying amount

Nilai tercatat

93.906.506

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/15
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

8. ASET TETAP (Lanjutan)

2007

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

8. PROPERTY, PLANT AND EQUIPMENT (Continued)

Saldo awal/ Penambahan/ Pengurangan/ Saldo akhir/

Beginning
Additions
Disposals Ending balance
balance

Biaya perolehan
Pemilikan langsung
Tanah
Bangunan
Instalasi listrik
Mesin
Peralatan pabrik
Peralatan pembangkit listrik
Peralatan laboratorium
Peralatan kantor
Kendaraan bermotor
Sewa pembiayaan
Kendaraan bermotor

12.486.510
25.136.932
27.702.033
160.696.248
25.082.174
7.960.955
6.385.573
11.359.621
6.401.299

351.689
189.082
3.688.806
59.580
934.947
606.100
381.005
618.800

3.297.636

408.183

J u ml ah

286.508.981

7.238.192

Akumulasi penyusutan
Pemilikan langsung
Bangunan
Instalasi listrik
Mesin
Peralatan pabrik
Peralatan pembangkit listrik
Peralatan laboratorium
Peralatan kantor
Kendaraan bermotor
Sewa pembiayaan
Kendaraan bermotor

11.284.347
13.545.022
119.150.810
23.206.845
2.280.215
5.210.316
6.377.955
4.694.492

1.249.740
1.454.242
4.483.368
644.173
530.730
553.933
2.454.150
814.311

1.071.139

834.909

J u ml ah

186.821.141

13.019.556

Nilai tercatat

Exhibit E/15

99.687.840

Perusahaan dan anak perusahaan memiliki beberapa bidang

tanah yang terletak di Jakarta, Tangerang dan Pulau Batam
dengan hak legal berupa Hak Guna Bangunan yang
berjangka waktu 20-30 tahun yang akan jatuh tempo antara
tahun 2028. Manajemen berpendapat tidak terdapat masalah
dengan perpanjangan hak atas tanah karena seluruh tanah
diperoleh secara sah dan didukung dengan bukti pemilikan
yang memadai.

1.700
2.043.426
691
1.346.561
3.392.378

1.700
2.043.426
691
1.346.561
3.392.378

3.705.819

Cost s
Direct ownership
Land
Buildings
Electrical and machinery
Machinery
Factory equipment
Electrical equipment
Laboratory equipment
Office equipment
Motor vehicles
Finance lease
Motor vehicles

290.354.822

To t a l

12.534.087
14.997.564
121.590.752
23.850.327
2.810.945
5.764.249
8.832.105
4.162.242
1.906.048

Accumulated depreciation
Direct ownership
Buildings
Electrical and machinery
Machinery
Factory equipment
Electrical equipment
Laboratory equipment
Office equipment
Motor vehicles
Finance lease
Motor vehicles

196.448.316

To t a l

93.906.506

Carrying amount

12.838.199
25.326.041
27.700.333
162.341.628
25.141.063
8.895.902
6.991.673
11.740.626
5.673.538

The Company and its subsidiary own several pieces of land

located in Jakarta, Tangerang and Batam Island with
Building Use Rights (Hak Guna Bangunan or HGB) for 20 to
30 years until 2028. Management believes that there will be
no difficulty in the extension of the landrights since all the
land were acquired legally and supported by sufficient
evidence of ownership.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/16

Exhibit E/16
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

8. ASET TETAP (Lanjutan)

8. PROPERTY, PLANT AND EQUIPMENT (Continued)

2008

2007

Penyusutan dialokasikan
pada:
Pemilik langsung:
Beban produksi tidak langsung
Beban usaha
Sewa pembiayaan
Beban usaha
Jumlah

9.

Depreciation expense was allocated

8.634.386
3.464.449

8.506.432
3.913.477

2.062.324

599.647

to the following
Direct acquisitions:
Manufacturing expenses
Operating expenses
Finance lease:
Operating expenses

14.161.159

13.019.556

Total

Pada tanggal 31 Desember 2008, seluruh aset tetap kecuali

tanah dan persediaan telah diasuransikan terhadap segala
risiko masing-masing kepada kepada konsorsium asuransi
yang dikoordinasi oleh PT Arthagraha General Insurance
dengan jumlah pertanggungan sebesar Rp 227.867.200 dan
PT Asuransi Bringin Sejahtera dengan nilai pertanggunan
sebesar Rp 2.338.000 dan US$ 8 juta (angka penuh).
Manajemen berpendapat bahwa nilai pertanggungan
tersebut cukup untuk menutupi kemungkinan kerugian atas
aset yang dipertanggungkan.

On 31 December 2008, property, plant and equipment

included inventory, except for land, were insured with
PT Asuransi Arthagraha General Insurance as the arranger
against all risk for Rp 227,867,200 and PT Asuransi
Bringin Sejahtera for Rp 2,338,000 and US$ 8 milion (full
amount), respectively. Management believes that the
insurance coverage is adequate to cover possible losses on
the assets insured.

Aset tetap dijadikan jaminan atas hutang PT Bank Mandiri

(Persero),
Tbk
dan
Bank
Rakyat
Indonesia
(Catatan 10 dan 16).

Property, plant and equipment are used as a collateral for

the loans from PT Bank Mandiri (Persero), Tbk and PT
Bank Rakyat Indonesia (persero), Tbk (Notes 10 and 16).

Berdasarkan hasil penelaahan akun masing-masing jenis aset

tetap pada akhir tahun, manajemen Perusahaan dan anak
perusahaan berpendapat tidak terjadi penurunan nilai aset
tetap Perusahaan dan anak perusahaan untuk tahun-tahun
yang berakhir pada tanggal 31 Desember 2008 dan 2007.

Based on management review and estimates of the status of

individual property, plant and equipment of the end of the
year, Management and its subsidiary is of the opinion that
there are no impairment write down to be applied to
property and equipment recorded for the years ended
31 December 2008 and 2007.

UANG JAMINAN

9.
2008

PT Bank Mandiri (Persero), Tbk

PT Bank Agris (d/h
PT Bank Finconesia)

11.478.725

Jumlah

14.507.947

3.029.222

SECURITY DEPOSIT
2007
3.205.019
3.205.019

PT Bank Mandiri (Persero), Tbk

PT Bank Agris (formerly
PT Bank Finconesia)
Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/17
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

10. PINJAMAN BANK JANGKA PENDEK

Jumlah

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

10. SHORT-TERM BANK LOANS

2008

PT Bank Mandiri (Persero), Tbk

Rupiah
US$ 988.939,62
(2007: US $ 6.266.941) (angka penuh)
PT Bank Agris (d/h PT Bank Finconesia)
Rup iah
US$ 163.122 (angka p enuh)
PT Bank Sinarmas
PT Bank Rakyat Indonesia (Persero), Tbk

Exhibit E/17

2007

18.860.747
1.536.448
12.417.040
889.183

PT Bank Mandiri (Persero), Tbk

Rupiah
US$ 988,939.62
(2007: US$ 6,266,941) (full amount)
PT Bank Agris (formerly PTBank Finconesia)
Rupiah
US $ 163,122 (full amount)
PT Bank Sinarmas
PT Bank Rakyat Indonesia (Persero), Tbk

103.454.460

115.122.724

Total

92.625.571

22.390.990

10.828.889

59.028.316

Ringkasan perjanjian untuk masing-masing pinjaman

tersebut, adalah sebagai berikut:

A summary of the terms of agreements for each loan, is as

follow:

PT Bank Mandiri (Persero), Tbk

PT Bank Mandiri (Persero), Tbk

Perusahaan memperoleh fasilitas kredit modal kerja dan

non cash loan, sebagai berikut:

The Company obtained working capital facility and non

cash loan, as follows:

a. Kredit Modal Kerja (Revolving Rekening Koran)

sebesar Rp 18.490.000 and US$ 2 juta (angka penuh)
dengan suku bunga masing-masing sebesar 12% untuk
Rupiah dan 8,25% untuk US Dolar per tahun (2007:
13% - 14,5% untuk Rupiah per tahun dan 8,5% untuk
Dolar Amerika Serikat). Pada tanggal 15 Oktober 2008,
fasilitas Kredit Modal Kerja sebesar US$ 2 juta
dikonversi menjadi sebesar Rp 19.594.000.

a. Working Capital Facility (Revolving-Bank Statement) of

Rp 18,490.000 and USD 2 million (full amount) with
interest rates 12% for Rupiah and 8.25% for US Dollar
(2007: 13% 14.5% for Rupiah and 8.5% for US
Dollar), respectively. On 15 October 2008, the Working
Capital Facility of US$ 2 million was converted to
Rp 19,594.000.

b. Kredit Modal Kerja (Fixed loan) maksimum sebesar

Rp 68 milyar (angka penuh) dengan suku bunga 12%
(2007: 13 - 14,25%) per tahun.

b. Working Capital Facility (Fixed loan) maximum

amounting to Rp 68 billion (full amount) with interest
rate 12% (2007: 13% - 14.25%) per annum.

c. Non Cash Loan sebesar US$ 11 juta (angka penuh)

untuk pembukaan L/C atau SKBDN pembelian bahan
baku. Perusahaan diwajibkan melakukan setoran tunai
(setoran jaminan) sebesar 10% dari nominal L/C yang
akan diterbitkan. Jumlah setoran tunai pada tanggal
31 Desember 2008 sebesar Rp 295.782 (2007:
Rp 3.065.469) yang dicatat sebagai uang muka impor
(Catatan 6).

c. Non cash loan of US$ 11 milion (full amount) for open

L/C- purchase raw material. The Company must
guarantee 10% of every non cash loan publication,
amount of collateral on 31 December 2008 is
Rp 295,782 (2007: Rp 3,065,469) which was recorded
as part of advances for imported (Note 6).

d. Trust receipt sebesar Rp 19 milyar (angka penuh)

dengan jumlah maksimum tidak boleh melebihi nilai
Non Cash Loan untuk pembukaan L/C atau SKBDN
pembelian bahan baku.

d. Trust receipt of Rp 19 billion (full amount) with

maximum amount shall not exceed Non Cash Loan for
open L/C purchase raw material.

e. Non Cash Loan sebesar US$ 2 juta (angka penuh) untuk

pembukaan bank garansi / Standby LC. Perusahaan
wajib melakukan setoran tunai (setoran jaminan) sebesar
10% dari nominal L/C yang akan diterbitkan

e. Non cash loan of US$ 2 million (full amount) for open

bank guarantee / standby LC. The Company must
guarantee 10% of every non cash loan publication

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/18
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

10. PINJAMAN BANK JANGKA PENDEK (Lanjutan)

Exhibit E/18
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

10. SHORT-TERM BANK LOANS (Continued)

PT Bank Mandiri (Persero), Tbk (Lanjutan)

PT Bank Mandiri (Persero), Tbk (Continued)

Seluruh fasilitas kredit tersebut mempunyai jangka waktu

satu tahun yang dapat diperpanjang, jatuh tempo pada
tanggal 14 Juni 2008 dan dijamin dengan seluruh piutang
usaha, persediaan dan aset tetap Perusahaan.

The term of credit facility is one year and can be extended

until 14 June 2008 and secured by all accounts receivable,
inventories and fixed assets.

Perjanjian pinjaman juga mencakup persyaratan tertentu

antara lain membatasi hak Perusahaan untuk mengubah
anggaran dasar, susunan direksi dan komisaris, menambah
hutang selain hutang yang sudah ada dan melakukan
pembayaran dividen serta mengharuskan Perusahaan untuk
mempertahankan rasio laporan keuangan dalam jumlah
tertentu.

The loan agreements relating to the above facilities contain

certain covenants, which among others, restrict the
Company to amend their articles of association, change the
composition of the board of commissioners and directors,
incur additional indebtedness, and pay dividends to
stockholders; the Company is also required to maintain the
ratio of financial statement in certain amount.

PT Bank Agris (d/h PT Bank Finconesia)

PT Bank Agris (Formerly PT Bank Finconesia)

Pada tahun 2008, Perusahaan memperoleh perpanjangan

fasilitas Kredit Modal Kerja baru sebesar US$ 111.650
(angka penuh) untuk pembukaan local letters of credit
(L/C), sebesar US$ 255.000 (angka penuh) untuk bank
garansi (BG), sebesar US$ 22.517,88 (angka penuh) untuk
Performance Bond (BG) dan sebesar Rp 568.629.850
untuk bank garansi lokal. Fasilitas ini dijamin dengan
hipotik pertama atas hak atas tanah HGB No. 6108 atas
nama Tn. Santoso, HGB No. 6109 atas nama Ny Hauw Ay
Lan, HGB No. 168 & 169 atas nama Perusahaan.

In 2008, the Company obtained renewal working capital

credit facility in the aggregate principal amount
US$ 111,650 (full amount) to finance opening local Letters
of credit (L/C), US$ 255,000 (full amount) for Bank
Guarantees (BG), US$ 22,517,88 (full amount) for
Performance Bond (BG) and Rp 568,629,850 for lacal
Bank Guarantees. This loan secured by First mortgages
over land of HGB No. 6108 in the name Mr. Santoso, HGB
No. 6109 in the name Mrs. Hauw Ay Lan, HGB No. 168 &
169 in the future name the Company.

PT Bank Sinarmas

PT Bank Sinarmas

Dalam tahun 2007, Perusahaan memperoleh fasililitas

kredit modal kerja sebesar Rp 30 milyar (angka penuh)
dengan jaminan persediaan milik PT Monaspermata
Persada (pemegang saham) sebesar Rp 36 milyar (angka
penuh) dengan jangka waktu 1 tahun dan akan jatuh tempo
pada tanggal 1 Maret 2008. Kredit ini dikenakan bunga
sebesar 13% per tahun.

In 2007, the Company obtained credit facility in the

aggregate principal amount Rp 30 billion (full amount).
This facility was secured by inventories owned by
PT Monaspermata Persada (shareholder) amounting to
Rp 36 billion (full amount) and will matured on 1 March
2008 with interest rates at 13% per annum.

PT Bank Rakyat Indonesia (Persero), Tbk

PT Bank Rakyat Indonesia (Persero), Tbk

Anak perusahaan memperoleh fasilitas kredit modal kerja

sebesar Rp 1 milyar (angka penuh) dengan tingkat bunga
13% per tahun. Fasilitas ini dijamin dengan jaminan yang
sama dengan kredit investasi dari bank yang sama (Catatan
16). Pada tanggal 30 Juni 2008, pinjaman ini telah
dilunasi.

The subsidiary obtained working capital facility amounting

to Rp 1 billion (full amount) with interest rate of 13% per
annum. This facility was secured by the same collateral as
the investment credit facility from the same bank (Note 16).
On 30 June 2008, this facility has been fully paid.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/19
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

11. HUTANG USAHA

Exhibit E/19
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

11. TRADE PAYABLES

Akun ini merupakan kewajiban kepada pemasok atas

pembelian bahan baku, suku cadang dan bahan pembantu
dengan rincian sebagai berikut:

This account represents amounts due to suppliers arising

from purchases of raw materials, spare parts and supplies,
with the details are as follow:

a. Jumlah hutang usaha berdasarkan pemasok, adalah

sebagai berikut:
2008

a.

Pihak ketiga
PT Tembaga Mulia Semanan
Daewoo
Glencore
PT Walsin Lippo Industries
PT Riken Asahi Plastics Indonesia
PT Prysmian Cable Indonesia
PT Voksel Electric
PT Wonosari Jaya
Alpha In Situ Pte. Ltd
Shanghai Heng Fa Co., Ltd
Dae Yang M aterial Co.
Alcan Primary M etal Pty. Ltd.
Nakajima Electric Corporation
PT KM I Wire and Cable Tbk
PT Sucaco
PT Alcarindo Prima
PD Karya Alam
Sentosa Semesta
PT DHL Global Forwarding
Ahnjin Trading Corporation
Lain-lain (dibawah Rp 1 milyar)

Pihak hubungan
istimewa (Catatan 28)
Jumlah

Total trade payables by suppliers, are as follows:

2007
Third parties
PT Tembaga Mulia Semanan
Daewoo
Glencore
PT Walsin Lippo Industries
PT Riken Asahi Plastics Indonesia
PT Prysmian Cable Indonesia
PT Voksel Electric
PT Wonosari Jaya
Alpha In Situ Pte. Ltd
Shanghai Heng Fa Co., Ltd
Dae Yang Material Co.
Alcan Primary Metal Pty. Ltd.
Nakajima Electric Corporation
PT KMI Wire and Cable Tbk
PT Sucaco
PT Alcarindo Prima
PD Karya Alam
Sentosa Semesta
PT DHL Global Forwarding
Ahnjin Trading Corporation
Others (Under Rp 1 billion)

172.009.422
54.878.428
11.789.790
8.305.347
7.635.741
5.286.551
3.792.451
3.762.737
3.600.918
3.088.688
2.222.960
2.155.955
1.878.254
1.520.910
1.474.470
1.447.128
1.271.175
1.121.400
1.079.798
1.052.561
11.158.961

60.286.932
7.633.760
3.826
597.874
2.537.298
1.030.947
768.025
2.519.762
703.234
15.528.110

300.533.644

91.609.768

80.580.285

72.706.462

Related
parties (Note 28)

381.113.929

164.316.230

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/20
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

b. Jumlah hutang usaha berdasarkan mata uang adalah

sebagai berikut:
2008

Exhibit E/20
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

b.

Total trade payables by currency are as follows:

2007

Rup iah
Dolar Amerika Serikat
Dolar Singapura
Euro
Poundsterling Inggris
Yuan

20.036.032
353.142.432
7.485.609
131.777
206.353
111.726

27.872.891
118.056.486
17.633.261
655.866
97.726

Rupiah
U.S Dollar
Singapore Dollar
Euro
GBP
Yuan

Jumlah

381.113.929

164.316.230

Total

Jangka waktu kredit yang timbul dari pembelian bahan

baku utama dan pembantu, baik dari pemasok dalam
maupun luar negeri berkisar 30 sampai dengan 60 hari.

Purchases of raw and indirect materials, both from

local and foreign suppliers, have credit terms of 30 to
60 days.
12. LIABILITIES FOR ACQUISITION OF PROPERTY,
PLANT AND EQUIPMENT

12. HUTANG PEROLEHAN ASET TETAP

2008

2007

Guangdong Shineng E. AP & E Co. Ltd.

Hangzhou Steam Turbine
Foshan Co. Pte

2.148.896
200.385
156.466

2.696.153
172.368
134.590

Guangdong Shineng E. AP & E Co. Ltd.

Hangzhou Steam Turbine
Foshan Co. Pte

Jumlah

2.505.747

3.003.111

Total

Hutang tersebut merupakan hutang yang timbul dalam

rangka pemasangan dan pembelian impor suku cadang
untuk mesin pembangkit listrik anak perusahaan dan tidak
dikenakan bunga.

13. HUTANG LAIN-LAIN

Pihak ketiga
Budi Santoso
Sugama
Ongko Jay a
Sutanto
Eddy
Susi
Suhendro
Halim
Lisa
Iwan
Sury amin Anwar
PTIradatAman
Bambang Setiawan
Lain-lain (di bawah Rp 500 juta)
Jumlah

The liabilities arise mainly from installation and purchase

of imported spareparts by the subsidiary for electric
generator, which are non-interest bearing.

13. OTHER PAYABLES

2008

2007

6.351.132
5.165.317
2.665.443
2.500.000
2.200.000
2.000.000
2.000.000
1.500.000
1.000.000
700.000
500.000
500.000
527.905

3.000.000
5.339.987
2.500.000
2.268.834
1.000.000
2.000.000
1.200.000
2.269.450
892.900
1.400.000
500.000
500.000
1.600.000
1.300

Third parties
Budi Santoso
Sugama
Ongko Jaya
Sutanto
Eddy
Susi
Suhendro
Halim
Lisa
Iwan
Suryamin Anwar
PTIradatAman
Bambang Setiawan
Others (under 500 million)

27.609.797

24.472.471

Total

Hutang tersebut merupakan pinjaman tunai dengan tingkat

bunga antara 1% - 1,6% per bulan. Semua pinjaman tunai
ini tanpa jadual pengembalian yang pasti.

The Payables represents loans with interest ranged from

1% - 1.6% per month. The loans have no fixed terms of
repayment.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/21

Exhibit E/21
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

14. UANG MUKA PENJUALAN

14. ADVANCES FROM CUSTOMERS

Pihak ketiga
PLN Pikitring Sulawesi
SM I
JJ-LAPP Cable (M ) Sdn Bhd
PT Bina Karya Logam
Z elan
PT Clevelend
PT Tuban Energi
Sumber Rezeki
Lain-lain (di bawah Rp 500 juta)
Jumlah

2008

2007

8.874.041
3.918.684
1.218.512
697.263
591.177
508.451
504.784
500.000
5.257.625

3.463.272
6.736.372

Third parties
PLN Pikitring Sulawesi
SMI
JJ-LAPP Cable (M) Sdn Bhd
PT Bina Karya Logam
Zelan
PT Clevelend
PT Tuban Energi
Sumber Rezeki
Others (under Rp 500 million)

22.070.536

10.199.644

Total

15. ACCRUED EXPENSES

15. BIAYA YANG MASIH HARUS DIBAYAR

2008
Jasa tehnik
Lain-lain
Bunga pinjaman
Komisi
Pengangkutan
Asuransi
Gaji dan tunjangan
Jumlah

2007

9.636.000
6.837.114
2.939.846
963.251
819.778
282.214
75.175

12.809.840
1.520.437
3.666.107
5.558.996
655.109
297.812

Technical fee
Others
Interest loans
Commission
Transportation
Insurance
Salaries and allowances

21.553.379

24.508.301

Total

16. PINJAMAN BANK JANGKA PANJANG

16. LONG-TERM BANK LOANS

2008

PT
PT
PT
PT

Bank Rakyat Indonesia (Persero), Tbk

Bank Akita
Bank ANZ Panin, Tbk
Bank OCBC NISP, Tbk

Jumlah
Dikurangi:
Bagian jangka pendek
Bagian jangka panjang

2007

7.000.000
-

13.000.000
1.108.206
207.200
107.912

PT Bank Rakyat Indonesia (Persero), Tbk

PT Bank Akita
PT Bank ANZ Panin, Tbk
PT Bank OCBC NISP, Tbk

7.000.000

14.423.318

Total

7.000.000)
-

8.728.376)
5.694.942

Less
Current portion
Long -term portion

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/22
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

16. PINJAMAN BANK JANGKA PANJANG (Lanjutan)

Exhibit E/22
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

16. LONG-TERM BANK LOANS (Continued)

PT Bank Rakyat Indonesia (Persero), Tbk

PT Bank Rakyat Indonesia (Persero, Tbk)

Dalam tahun 2002, anak perusahaan memperoleh fasilitas

kredit investasi dari Bank Rakyat Indonesia (BRI) dengan
jumlah sebesar Rp 38.571.000 dan menurun menjadi
Rp 26.000.000 dengan jangka waktu 5 tahun 6 bulan yang
akan jatuh tempo tanggal 31 Desember 2007 dengan
tingkat bunga 13% per tahun. Pada tanggal 23 Mei 2006,
kredit telah dijadual ulang yang kedua yang akan berakhir
pada tanggal 30 Juni 2009. Kredit ini dijamin dengan
sebidang tanah HGB No. 101 dengan luas 3.965 m2 atas
nama anak perusahaan yang terletak di Batam, bangunan,
mesin-mesin, piutang usaha dan persediaan. Anak
perusahaan wajib memenuhi beberapa ketentuan
(covenant) sesuai dengan yang ditetapkan dalam
perjanjian, yang membatasi antara lain:

In 2002, the subsidiary obtained an investment credit

facility from Bank Rakyat Indonesia (BRI) amounting to
Rp 38,571,000 and decline up to Rp 26,000,000 , due in
five (5) years and six (6) months and maturing on
31 December 2007 with interest rate at 13% per annum. On
23 May 2006, this loan was second rescheduled until
30 June 2009. The loan is secured by land under Building
Use Right No. 101 with an area of 3,965 square meters
under the name of the subsidiary, which is located in Batam,
buildings, machinery, trade accounts receivable and
inventories. The subsidiary is required to comply with
several covenants which, among others, restrict the
subsidiary to undertake the following:

a. Melakukan pembagian dividen kepada para pemegang

saham kecuali dipergunakan kembali sebagai tambahan
setoran modal disetor perusahaan, melunasi dan atau
membayar hutang kepada pemegang saham sebelum
hutang di BRI dilunasi terlebih dahulu.

a. Distribute dividends to shareholders, except in the form

of stock dividends; settle loans to shareholders prior to
the payment of the loan from BRI.

b. Mengambil pinjaman dari bank lain.

b. Obtain loans from other banks.

c. Mengikatkan sebagai penjamin terhadap pihak lain atau

menjaminkan kekayaan perusahaan kepada pihak lain.

c. Act as guarantor for other parties or use the

subsidiarys assets as collateral for other parties.

PT Bank Akita

PT Bank Akita

Perusahaan memperoleh fasilitas kredit untuk pembelian

kendaraan bermotor dari Bank Akita. Kredit ini memiliki
jangka waktu antara 3 5 tahun dengan tingkat bunga
berkisar 20% 22% per tahun yang dijamin dengan
kendaraan bermotor yang bersangkutan dan dicatat sebagai
aset tetap.

The Company obtained credit facility to finance purchases

of motor vehicles from Bank Akita. This facility has period
terms 3 5 years with interest rateranged from 20% - 22%
per annum and secured by motor vehicles that purchase by
this facility and were recorded as property, plant and
equipment.

PT Bank Panin, Tbk

PT Bank Panin, Tbk

Perusahaan memperoleh fasilitas kredit untuk pembelian

kendaraan bermotor dari Bank Panin. Kredit ini memiliki
jangka waktu antara 3 5 tahun dengan tingkat bunga
berkisar 20% 22% per tahun yang dijamin dengan
kendaraan bermotor yang bersangkutan dan dicatat sebagai
aset tetap.

The Company obtained credit facility to finance purchases

of motor vehicles from Bank Panin. This facility has period
terms between 3 5 years with interest rate ranged from
20% - 22% per annum and secured by motor vehicles that
purchase by this facility and were recorded as property,
plant and equipment.

PT Bank OCBC NISP, Tbk

PT Bank OCBC NISP, Tbk

Perusahaan memperoleh fasilitas kredit untuk pembelian

kendaraan bermotor dari Bank NISP. Kredit ini memiliki
jangka waktu antara 3 5 tahun dengan tingkat bunga
berkisar 20% 22% per tahun yang dijamin dengan
kendaraan bermotor yang bersangkutan dan dicatat sebagai
aset tetap.

The Company obtained credit facility to finance purchases

of motor vehicles from Bank NISP. This facility has period
terms between 3 5 years with interest rate ranged from
20% - 22% per annum and secured by motor vehicles that
purchase by this facility and were recorded as property,
plant and equipment.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/23
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

17. HUTANG SEWA PEMBIAYAAN

Exhibit E/23
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

17. FINANCE LEASE

Perusahaan memperoleh fasilitas berupa sewa pembiayaan

berdasarkan perjanjian sewa pembiayaan. Pada tanggal
31 Desember 2008 dan 2007, adalah sebagai berikut:

The future minimum lease payments based on the lease

agreements. On 31 December 2008 and 2007, are as
follows:

Rincian sewa pembiayaan berdasarkan jatuh tempo:

The details of finance lease by due dates:

2008

2007

Dalam satu tahun

Antara satu sampai lima tahun

3.614.256

763.304
1.361.554

Within one years

Between one up to five years

Dikurangi biaya pembiayaan masa datang

3.614.256
778.848

2.124.858
654.469

Less future finance charge

Nilai kini sewa pembiayaan

2.835.408

1.470.389

Present value of finance leases

580.343

541.375

Less
Current portion

2.255.065

929.014

Long term portion

Dikurangi
Bagian jangka pendek
Bagian jangka panjang

Manajemen Perusahaan dan anak perusahaan menetapkan

kebijakan untuk membeli kendaraan melalui pembiayaan
sewa pembiayaan. Jangka waktu sewa adalah 3-5 tahun
dengan tingkat bunga berkisar 7,5% - 10% flat per tahun.
Semua hutang sewa pembiayaan didenominasi dalam Rupiah
yang dibayar setiap bulan dalam suatu jumlah tetap. Hutang
ini dijamin dengan aset tetap pembiayaan yang bersangkutan
(Catatan 8).

18. MODAL SAHAM

2008

Pemegang saham
PT Monaspermata Persada
PT Indolife Pensiuntama
Fujikura Ltd, Japan
Fujikura Asia Ltd, Singapore
Masyarakat
(masing-masing di bawah 5%)

The management of the Company and its subsidiary

established a policy to purchase vehicles for operations
through finance lease. The leases have terms between 3-5
years with effective interest rate ranged from 7.5% - 10%
flat per annum. All the finance lease are denominated in
Rupiah, payable every month at fixed amounts. The finance
lease are secured by the related leased assets (Note 8).

18. SHARE CAPITAL

Jumlah
saham/
Number of
shares

Persentase
pemilikan/
Percentage
of ownership

Jumlah modal
disetor/
Total Paid-up
capital stock

79.485.000
26.578.300
20.430.000
9.810.000

52,57%
17,58%
13,51%
6,49%

39.742.500
13.289.150
10.215.000
4.905.000

14.896.700

9,85%

7.448.350

151.200.000

100,00%

75.600.000

2008

Shareholders
PT Monaspermata Persada
PT Indolife Pensiuntama
Fujikura Ltd, Japan
Fujikura Asia Ltd, Singapore
Public
(each under 5%)

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/24
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

Exhibit E/24
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

18. MODAL SAHAM (Lanjutan)

18. SHARE CAPITAL(Continued)

19. AGIO SAHAM

19. ADDITIONAL PAID IN CAPITAL

Pada tanggal 31 Desember 2008 dan 2007, akun ini

merupakan agio saham sehubungan dengan:

On 31 December 2008 and 2007, this account consists of

the followings:

Penjualan saham Perusahaan pada penawaran umum kepada

masyarakat tahun 1992:

Sale of share through public offering in 1992:

2008
tahun 1992:
Jumlah y ang diterima untuk pengeluaran
10.000.000 saham
Jumlah y ang dicatat sebagai modal disetor
Saldo agio saham - bersih sebelum
kapitalisasi
Kap italisasi menjadi modal saham pada
tahun 1994
Saldo agio saham

47.500.000
( 10.000.000)

37.500.000
( 33.600.000)
3.900.000

20. PENJUALAN BERSIH

2008

Penjualan bersih

20. PENJUALAN BERSIH (Lanjutan)

in 1992:
Proceeds from issuance of
10,000,000 shares
Total par value of capital stock

47.500.000
( 10.000.000)

37.500.000
( 33.600.000)

Additional paid-in capital - net before

capitalization
Capitalization to paid-up capital stock
in 1994

3.900.000

Additional paid-in capital

20. NET SALES

a. Rincian penjualan bersih menurut kelompok barang,

adalah sebagai berikut:

Kabel listrik tegangan rendah:

Kabel tembaga
Kabel aluminium
Kabel listrik tegangan menengah
Kabel telep on:
Kabel serat optic
Kabel metalik
Energi listrik

2007

a. Details of net sales by type of products, are as follows:

2007

543.494.841
262.514.148
241.702.657

406.741.933
123.753.492
120.551.086

45.988.230
18.740.663
18.697.876

11.791.895
51.305.268
21.444.979

Low voltage power cables:

Copper
Aluminium
Medium voltage power cables
Telephone cables:
Fiber optic
Metallic
Electrical power

1.131.138.415

735.588.653

Net sales

20. NET SALES(Continued)

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/25
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

b.

Rincian penjualan bersih menurut

langganan, adalah sebagai berikut:

kelompok

Tahun 2008, 16,61% (2007: 42,17%) dari penjualan

dilakukan
dengan
pihak
hubungan
istimewa
(Catatan 28).

21. BEBAN POKOK PENJUALAN

Persediaan barang dalam proses

Awal tahun
Akhir tahun

b.

The details of net sales by group of customers, are as

follows:

In 2008, 16.61% (2007: 42.17%) of the local sales

were made to related parties (Note 28).

2008

2007

47.267.647
928.583.178

27.631.987
558.407.561

975.850.825
35.630.853)

586.039.548
( 47.267.647)

940.219.972
21.031.215

538.771.901
16.991.063

Raw materials used

Direct labor

45.888.178

34.418.403

Manufacturing expenses (Note 22)

1.007.139.365

590.181.367

Total manufacturing costs

Bahan baku y ang digunakan

Upah langsung
Beban produksi tidak
langsung (Catatan 22)
Jumlah beban p roduksi

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

21. COST OF GOODS SOLD

Persediaan bahan baku

Awal tahun
Pembelian
Tersedia untuk dipakai
Akhir tahun

Exhibit E/25

17.914.805
33.704.541)

Beban pokok produksi

Persediaan barang jadi
Awal tahun
Pembelian
Akhir tahun

991.349.629

Beban Pokok Penjualan

1.026.639.982

44.192.565
53.403.985
62.306.197)

Persentase pembelian bahan baku pada tahun 2008 sebesar

9% (2007: 13%) dilakukan dengan pihak yang mempunyai
hubungan istimewa (Catatan 28).

26.159.926
( 17.914.805)
598.426.488
26.508.514
53.753.295
( 44.192.565)
634.495.732

Raw materials
At beginning of year
Purchases
Available for use
At end of year

Work in process
At beginning of year
At end of year
Cost of goods manufactured
Finished goods
At beginning of year
Purchases
At end of year
Cost of Goods Sold

Percentage purchases of raw materials in 2008 amounting

9% (2007: 13%) were from related parties (Note 28).

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/26
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

21. BEBAN POKOK PENJUALAN (Lanjutan)

Exhibit E/26
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

21. COST OF GOODS SOLD (Continued)

Berikut ini adalah rincian pembelian bahan baku dari pihak

ketiga yang melebihi 10% dari jumlah pembelian bersih
masing-masing tahun 2008 dan 2007:

The following are details of purchases from Third parties

which representing more than 10% of total net purchases
for each 2008 and 2007:

2008

2007

PTTembagaM uliaSemanan,Tbk
Glencore
PT M ulti Tembaga Utama
PT Sinar M onas Industries

209.087.540
157.834.459
100.382.849
126.292.137

149.852.616
105.402.473
-

PTTembagaMuliaSemanan,Tbk
Glencore
PT Multi Tembaga Utama
PT Sinar Monas Industries

Jumlah

593.596.985

255.255.089

Total

22. BEBAN PRODUKSI TIDAK LANGSUNG

22. MANUFACTURING EXPENSES

2008

2007

Bahan bakar dan pelumas

Listrik, air dan gas
Penyusutan
Perbaikan dan pemeliharaan
Jasa profesional
Pengepakan
Laboratorium/p engujian
Asuransi
Perjalanan dinas
Pertemuan dan pergaulan
Komunikasi
Sewa gudang
Lain-lain

12.311.482
8.827.211
8.634.386
7.885.794
1.549.361
1.006.136
561.910
280.944
226.197
225.783
110.125
26.120
4.242.729

7.369.933
8.419.818
8.506.432
6.783.501
290.165
108.146
191.168
265.436
96.514
81.740
52.113
24.200
2.229.237

Fuel and oil

Electricity, water and gas
Depreciation
Repairs and maintenance
Professional fees
Packaging
Laboratory and testing
Insurance
Travel
Meeting and entertainment
Communication
Warehouse lease
Others

Jumlah

45.888.178

34.418.403

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/27
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

23. BEBAN USAHA

PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

23. OPERATING EXPENSES

2008

Beban Penjualan
Pengangkutan
Gaji dan tunjangan
Penyusutan
Komisi penjualan
Perjalanan dinas
Pertemuan dan pergaulan
Beban piutang ragu-ragu
Denda keterlambatan pengiriman
Bahan bakar dan pelumas
Perbaikan dan pemeliharaan
Alat tulis dan cetak
Advertensi dan promosi
Sewa
Lain-lain

Exhibit E/27

2007

9.510.604
3.483.023
2.062.324
3.111.925
1.190.911
927.251
747.701
305.572
221.895
151.841
101.367
59.346
530.532
2.719.952

8.315.421
2.786.030
599.647
14.148.577
512.092
614.096
1.163.057
177.511
139.698
124.557
150.611
141.264
386.335
1.175.637

Selling Expenses
Freight out
Salaries, wages and allowances
Depreciation
Sales commission
Travel
Meeting and entertainment
Provision for doubtful accounts
Penalties for late deliveries
Fuel and oil
Repairs and maintenance
Office supplies and stationeries
Advertising and promotion
Lease
Others

25.124.244

30.434.533

Total Selling Expenses

8.591.657
4.073.642
3.464.449
1.150.840
1.135.643
887.423
696.836
548.595
351.182
285.918
2.815.393

5.958.275
2.350.698
3.913.477
735.629
647.563
734.468
177.378
501.157
212.174
327.424
4.005.082

General and Adminisrative Expenses

Salaries, wages and allowances
(Notes 27) Employee benefis
Depreciation
Professional fees
Representation and donation
Repairs and maintenance
Office supplies and stationeries
Communication
Fuel and oil
Travel
Others

Jumlah Beban Umum dan Administrasi

24.001.578

19.563.325

Total General and Adminisrative Expenses

Jumlah Beban Usaha

49.125.822

49.997.858

Total Operating Expenses

Jumlah Beban Penjualan

Beban Umum dan Administrasi
Gaji dan tunjangan
Beban imbalan pasca kerja (Catatan 27)
Penyusutan
Jasa profesional
Representasi dan sumbangan
Perbaikan dan pemeliharaan
Alat tulis dan cetak
Komunikasi
Bahan bakar dan pelumas
Perjalanan dinas
Lain-lain

24. BEBAN PINJAMAN

24. INTEREST EXPENSES

Akun ini meliputi beban atas pinjaman-pinjaman sebagai

berikut:

This account consist of interest on the following :

2008

2007

Pinjaman bank
Sewa pembiayaan
Lain-lain

11.402.714
559.124
1.968.331

14.192.299
399.984
4.839.302

Bank loans
Finance lease
Others

Jumlah

13.930.169

19.431.585

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/28
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

Exhibit E/28
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

25. TAXATION

25. PERPAJAKAN

a. Prepaid taxes

a. Pajak dibayar dimuka

2008

2007

Taksiran klaim pajak p enghasilan

Pajak Pertambahan Nilai - Bersih

12.835.490
6.981.392

3.049.725

Estimated claim corporate income

Value Added Tax - Net

Jumlah

19.816.882

3.049.725

Total

b. Tax Payable

b. Hutang Pajak
2008

2007

Pajak Penghasilan:
- pasal 21
- Pasal 23
- Pasal 29
- Pasal 4 (2)

1.043.207
827.813
-

555.725
963.791
4.499.777
35.053

Income Taxes:
- Article 21
- Article 23
- Article 29
- Article 4 (2)

Jumlah

1.871.020

6.054.346

Total

c. Income tax

c. Pajak penghasilan
(Beban) penghasilan pajak Perusahaan, terdiri dari:

2008

Tax (expense) benefit of the Company consists of the

following :
2007

Pajak kini
Pajak tangguhan

1.806.443)
151.061

( 12.346.802)
( 2.149.649)

Current tax
Deferred tax

Jumlah

1.655.382)

( 14.496.451)

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/29

Exhibit E/29
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

25. TAXATION (Continued)

25. PERPAJAKAN (Lanjutan)

d. Pajak Kini

d. Current Tax

Rekonsiliasi antara rugi sebelum pajak menurut laporan

laba rugi dengan laba kena pajak, adalah sebagai berikut:

A reconciliation between income before tax per

consolidated statements of income and taxable income,
is as follow :

2008
Laba sebelum p ajak menurut laporan
laba rugi konsolidasi
Rugi anak p erusahaan

Laba Perusahaan

1.727.142
2.754.338)

2007
Income before tax per consolidated
statements of income
Subsidiary's loss

37.418.031
(
948.108)

4.481.480

38.366.139

Income of the Company

Perbedaan temporer:
Penyusutan aset tetap

Perbedaan tetap:
Beban pergaulan dan p ertemuan
Penyusutan aset sewa pembiay aan
Beban bunga sewa p embiayaan
Penyisihan piutang ragu-ragu
Penghasilan bunga
Lain-lain

Pendapatan kena pajak

2008

6.051)

6.051)

2.854.253

6.079.809

41.214.341

2007

41.114.341 X

6.079.809

41.214.341

Pajak penghasilan dibayar di muka:

Pajak Penghasilan - Pasal 22
Pajak Penghasilan - Pasal 23
Pajak Penghasilan - Pasal 25
Fiskal luar negeri

Taxable income

2008

5.979.809

Pajak Kini

Permanent differences :
Meeting and entertainment
Depreciation of leased assets
Interest expenses of lease liabilities
Provision for doubtful accounts
Interest income
Others

1.049.062
595.337
155.439
1.163.057
139.016)
30.374

1.598.329

50.000 X
50.000 X

25. PERPAJAKAN (Lanjutan)

1.018.716
390.701
535.356
560.350
906.794)
-

50.000
50.000

Taksiran klaim (hutang)

pajak penghasilan

Temporary differences :
Depreciation of property,
plant and equipment

10%
15%
30%

2008

2007

( 1.806.443)

( 12.346.802)

10.985.954
10.000
3.611.979
34.000

7.582.501
232.524
32.000

14.641.933

7.847.025

12.835.490

( 4.499.777)

25. TAXATION (Continued)

2007

5.000
7.500
1.793.943

5.000
7.500
12.334.302

1.806.443

12.346.802

Current Tax
Prepayment of income taxes :
Income taxes - Article 22
Income taxes - Article 23
Income taxes - Article 25
Exit permit tax

Estimated claim (payable)

corporate income tax

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/30

Exhibit E/30
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

e. Deferred Tax

e. Pajak Tangguhan
Rincian dari aset dan kewajiban pajak tangguhan
Perusahaan dan anak perusahaan, adalah sebagai berikut:

The details of the Company and its subsidiarys deferred

tax assets ( liabilities ), are as follows :
Penyesuaian
perubahan tarif
pajak dari 30%
menjadi 28% /

Dibebankan
(dikreditkan)
ke laba rugi/
Charged
(credited) to
income

2006

Aset pajak tangguhan

Kesejahteraan karyawan
Rugi fiskal

2.566.694
9.143.631 (

Jumlah
Kewajiban pajak tangguhan
Aset tetap
Jumlah
Aset tangguhan Bersih

11.710.325

(
(

1.335.690)
10.374.635

2007

16.141

2.458.198)

2.582.835
6.685.433

2.442.057)

9.268.268

292.408 (

1.335.690)

292.408
(

Adjutment for
change the tax
rate from 30%
to 28%

2.149.649)

1.043.282)
1.043.282)
8.224.986

Dibebankan
(dikreditkan)
ke laba rugi/
Charged
(credited) to
income

2008

(172.189)
(445.696)

16.309
682.842

2.426.955
6.922.580

617.885)

699.151

9.349.535

69.552

241

69.552

241

548.332)

699.393

973.489)
973.489)
8.376.046

Deferred tax assets

Employee benefits
Fiscal loss
Total
Deferred tax liabilities
Property, plant, and equipment
Total
Deferred tax assets Net

Pada tanggal 31 Desember 2008, sisa kerugian fiskal

anak perusahaan sebesar Rp 24.723.498 masih dapat
dikompensasikan dengan laba fiskal.

On 31 December 2008, the subsidiarys fiscal loss carry

forwards amounting to Rp 24,723,498 can be used as
compensation.

Rekonsiliasi antara penghasilan beban pajak dan hasil

perkalian laba akuntansi sebelum pajak dengan tarif
pajak yang berlaku adalah sebagai berikut:

A reconciliation between the tax expense and the

amounts computed by applying the effective tax rates to
income before tax of the Company is as follow :

2008

2007

Laba sebelum pajak menurut laporan

laba rugi

4.481.480

38.366.139

Income before tax of the Company

Pajak penghasilan sesuai tarif

1.344.444

11.492.342

Tax expense at effective tax rate

Pengaruh pajak atas penghasilan (beban)

yang tidak dapat diperhitungkan
menurut fiskal :
Beban pergaulan dan pertemuan
Penyisihan piutang ragu-ragu
Beban bunga sewa pembiayaan
Penyusutan aset sewa pembiayaan
Penghasilan bunga
(
Lain-lain
Penyesuaian saldo awal aset pajak
tangguhan akibat perubahan tarif

305.615
168.105
160.607
117.210
273.905)
78.819
85.484
641.935

Beban pajak
Penghasilan pajak anak perusahaan
Jumlah Beban Pajak

26. LABA PER SAHAM

314.719
348.917
46.632
178.601
41.705)
9.112
-

Tax effects of non deductible

income (expenses) :
Meeting and entertainment
Provision for doubtful accounts
Interest expenses of lease liabilities
Depreciation of finance assets
Interest income
Others
Adjusment to beginning balance defered
deferred tax assets for exchange tax rate

856.276

1.986.379
337.741)

12.348.618
2.147.833

Tax expense of the Company

Tax benefit of the Subsidiary

1.648.638

14.496.451

Total Tax Expense

26. EARNINGS PER SHARE

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/31
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

Exhibit E/31
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

Laba Per Saham Dasar

Basic Earnings per Share

Pada tahun 2008 dan 2007 laba bersih yang digunakan

Perusahaan untuk perhitungan laba dan rugi per saham dasar
masing-masing adalah Rp 78.504 dan Rp 22.921.580.
Jumlah rata-rata saham yang beredar untuk tahun 2008 dan
2007 adalah 151.200.000 saham.

In 2008 dan 2007, net income used by the Company to

calculate earnings per share are amounted to Rp 78,504
and Rp 22,921,580 respectively. The weighted averaged
number of shares outstanding was 151,200,000 in 2008 and
2007.

27. IMBALAN PASCA-KERJA

27. POST-EMPLOYMENT BENEFITS

Perusahaan membukukan imbalan pasca-kerja imbalan pasti

untuk
karyawan sesuai
dengan Undang-Undang
No. 13/2003 tentang Ketenagakerjaan. Jumlah karyawan
yang berhak atas imbalan pasca kerja tersebut adalah 579
karyawan tahun 2008 (2007: 607 karyawan).

The Company provided post - employment benefits for its

qualifying employees in accordance with Labor Law No.
13/2003. The total of employees entitled to the benefits is
579 employees in 2008 (2007: 607 employees).

Beban imbalan pasca-kerja yang diakui di laporan laba rugi

adalah sebagai berikut:

Post-employment benefits expense

statement of income as follows :

2008
Beban jasa kini
Beban bunga
Dampak perubahan
Amortisasi kerugian aktuaria
Amortisasi jasa masa lalu

888.692
1.328.846
1.722.858
74.999

Beban imbalan pasca-kerja

anak perusahaan
Jumlah

Kewajiban imbalan pasca-kerja anak perusahaan

Saldo akhir

in

2007
671.494
1.615.187
(
349.904)
285.117
74.999

Current service cost

Interest cost
Amortization actuarial losses
Amortization past service cost

2.296.893

58.247

53.805

Post employment benefits expense subsidiary company

4.073.642

2.350.698

Total

2008

(
(

recognized

4.015.395

Kewajiban imbalan pasca-kerja di neraca, adalah sebagai

berikut :

Nilai kini kewajiban

Biaya jasa lalu yang belum diakui
Kerugian aktuarial yang belum diakui

is

Provision for post-employment benefits is recognized in

balance sheets, are as follows :

2007

15.747.576
691.545)
40.474)

13.288.456
(
766.544)
( 1.137.404)

15.015.557

11.384.508

384.820

330.743

Provision for post-employment benefits

- subsidiary company

15.400.377

11.715.251

Ending balance

Present value of obligation

Unrecognized past service cost
Unrecognized actuarial losses

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/32

Exhibit E/32
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

27. POST-EMPLOYMENT BENEFITS (Continued)

27. IMBALAN PASCA KERJA (Lanjutan)

Mutasi kewajiban bersih di neraca, adalah sebagai berikut :

Movement in the liability recognized in the balance sheet,

are as follows :

2008
Saldo awal
Pembayaran manfaat
Beban tahun berjalan
Kewajiban imbalan pasca kerja anak perusahaan
Saldo akhir

11.384.508
384.346)
4.015.395

Tingkat pengunduran diri per tahun

Tingkat pensiun normal

9.530.536
442.921)
2.296.893

Beginning balance
Benefit payments
Expense in current year

15.015.557

11.384.508

384.820

330.743

Provision for post-employment benefits subsidiary company

15.400.377

11.715.251

Ending balance

Perhitungan imbalan pasca kerja dihitung oleh aktuaris

independen PT Jasa Aktuaria Tiwikrama tanggal 6 Februari
2009, yang digunakan dalam menentukan penilaian
aktuarial adalah sebagai berikut :

Tingkat diskonto per tahun

Tingkat kenaikan gaji per tahun
Tingkat kematian
Tingkat cacat

2007

The cost of providing post-employment benefits is calculated

by an independent actuary PT Jasa Aktuaria Tiwikrama
dated 6 February 2009, the actuarial valuation was carried
out using the following key assumptions:

2008

2007

10,00%
7,00%
TMI-2
5,00%
4% s/d 25
tahun dan
1% pada usia
45 tahun
100,00%

10,50%
10,00%
CSO'80
10,00%
4% s/d 25
tahun dan
1% pada usia
45 tahun
100,00%

28. TRANSAKSI HUBUNGAN ISTIMEWA

Discount rate
Salary increment rate
Mortality rate
Disability rate
Resignation rate

Normal retirement

28. TRANSACTION WITH RELATED PARTIES

Saldo piutang dan hutang pada pihak yang mempunyai

hubungan istimewa

The balances of trade receivables and trade payables with

related parties

Piutang usaha

Trade receivable
2008

2007

PT Monaspermata Persada
PT Alumina Metal Utama
PT Sinarmonas Industries
PT Gapura Kridatama
Nextrom Enterprise Pte. Ltd.
PT Multi Tembaga Utama
PT Wanda Jembo Cable

33.564.504
14.616.956
3.613.667
628.094
-

30.929.061
5.766.312
6.530.195
628.094
24.861.545
1.094.716
674.460

PTMonaspermataPersada
PTAluminaMetalUtama
PTSinarmonasIndustries
PTGapuraKridatama
Nextrom Enterprise Pte. Ltd.
PTMultiTembagaUtama
PTWandaJemboCable

Jumlah

52.423.222

70.484.383

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/33
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

28. TRANSAKSI HUBUNGAN ISTIMEWA (Lanjutan)

Exhibit E/33
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

28. TRANSACTION WITH RELATED PARTIES (Continued)

Hutang usaha

Trade accounts payable

2008

2007

PT Multi Tembaga Utama

PT Sinarmonas Industries
PT Aluminametal Utama
Fujikura Federeal Cable Sdn Bhd
CV Sarihon Electrik
Koperasi Karyawan PT JCC
Fujikura Asia Ltd
PT Monaspermata Persada

35.211.406
32.822.147
7.986.119
4.216.681
141.592
124.796
77.543
-

17.329.471
44.939.490
8.557.980
43.074
1.235.347
601.100

PT Multi Tembaga Utama

PT Sinarmonas Industries
PT Aluminametal Utama
Fujikura Federeal Cable Sdn Bhd
CV Sarihon Electrik
Koperasi Karyawan PT JCC
Fujikura Asia Ltd
PT Monaspermata Persada

Jumlah

80.580.285

72.706.462

Total

2008

2007

Uang muka penjualan

Advances from customer

PTAluminametalUtama
Nextrom Enterprise Pte. Ltd

788.698
-

733.018
2.147.532

PT Aluminametal Utama
Nextrom Enterprise Pte. Ltd.

Jumlah

788.698

2.880.550

Total

Hutang pada pihak hubungan istimewa

Due to related parties

2008

2007

Pemegang saham
Santoso

5.000.000
43.605

Shareholders
Santoso

Jumlah

5.043.605

Total

Sifat Hubungan Istimewa:

Nature of Relationship:

a. PT Monaspermata Persada dan Fujikura Asia Ltd.,

Singapore adalah pemegang saham Perusahaan.

a. PT Monaspermata Persada and Fujikura Asia Ltd.,

Singapore are shareholders of the Company.

b. Pemegang saham mayoritas Perusahaan juga merupakan

pemegang saham PT Multi Tembaga Utama,
PT Aluminametal Utama dan PT Sinarmonas Industries.

b.

The Companies with stockholder also majority

shareholders of the Company are PT Multi Tembaga
Utama, PT Aluminametal Utama and PT Sinarmonas
Industries.

c.

Santoso is members of the Company management.

d.

The Companies with common member of the family

of the Companys management are CV Sarihon Elektrik
and Nextrom Enterprise Pte. Ltd., Singapore (NEL).

c. Santoso merupakan anggota manajemen Perusahaan.

d. Perusahaan dimana pengurusnya merupakan keluarga
dari pengurus Perusahaan adalah CV Sarihon Elektrik
dan Nextrom Enterprise Pte. Ltd., Singapura (NEL).

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/34
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

28. TRANSAKSI HUBUNGAN ISTIMEWA (Lanjutan)

Exhibit E/34
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

28. TRANSACTION WITH RELATED PARTIES (Continued)

Transaksi-transaksi Hubungan Istimewa

Transaction with Related Parties

Dalam kegiatan usahanya, Perusahaan melakukan

transaksi tertentu dengan pihak-pihak yang mempunyai
hubungan istimewa, yang meliputi antara lain:

In the normal course of business, the Company entered into

certain transaction with related parties, including the
following :

a. Tahun 2008, 16,61% dari jumlah penjualan (2007:

42,17%), merupakan penjualan kepada pihak yang
mempunyai hubungan istimewa, dimana menurut
manajemen dilakukan dengan tingkat harga dan syaratsyarat normal sebagaimana halnya bila dilakukan
dengan pihak ketiga. Pada tanggal neraca, piutang atas
penjualan tersebut dicatat sebagai bagian dari piutang
usaha, yang meliputi 17% (2007: 14,98%) dari jumlah
aset.

a.

Rincian penjualan kepada pihak yang mempunyai

hubungan istimewa, sebagai berikut:

In 2008, 16.61% from total sales (2007: 42.17%),

represent of the net sales to relaed parties, according
to management, were made at normal price and
conditions as those done with third parties. At balance
sheet dates, the receivables from these sales were
presented as trade accounts receivable, which
contituted 17% (2007: 14.98%) respectively, of the
total assets.

The details of sales to related parties, are as follows:

2008

2007

PTMonaspermataPersada
Nextrom Enterprise Pte. Ltd.
PTSinarmonasIndustries
PTMultiTembagaUtama
C.V Sarihon Elektrik

134.159.820
35.116.625
17.466.155
919.261
277.050

135.635.172
47.847.635
12.113.865
3.379.618
2.064.139

PTMonaspermataPersada
Nextrom Enterprise Pte. Ltd.
PTSinarmonasIndustries
PTMultiTembagaUtama
C.V Sarihon Elektrik

Jumlah

187.938.911

201.040.429

Total

b. Tahun 2008, 17,44% (2007: 52,79%) dari jumlah

pembelian masing-masing merupakan pembelian dari
pihak yang mempunyai hubungan istimewa, dimana
menurut pendapat manajemen dilakukan dengan tingkat
harga dan syarat-syarat normal sebagaimana halnya bila
dilakukan dengan pihak ketiga. Pada tanggal neraca,
hutang atas pembelian tersebut dicatat sebagai bagian
dari hutang usaha, yang meliputi 13,75% (2007:
19,72%) dari jumlah kewajiban lancar.
Rincian pembelian kepada pihak hubungan istimewa,
sebagai berikut:

PT Multi Tembaga Utama

PT Sinarmonas Industries
Fujikura Asia Ltd., Singapura
PT Monaspermata Persada
Jumlah

b.

In 2008, 17,44% (2007: 52.79 %) from total

purchases represented of purchase from related
parties, which, according to management, were made
at normal prices and conditions as those done with
third parties. At balance sheet dates, the liabilities for
these purchases were presented as trade account
payable, which contituted 13.75% (2007: 19.72 %)
respectively, of the total current liabilities.

The details of purchases from related parties, are as

follows:

2008

2007

92.297.685
55.860.323
13.750.217
-

86.898.955
100.695.270
10.516.042
2.201.374

PT Multi Tembaga Utama

PT Sinarmonas Industries
Fujikura Asia Ltd., Singapore
PT Monaspermata Persada

161.908.225

200.311.641

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/35

Exhibit E/35
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

28. TRANSAKSI HUBUNGAN ISTIMEWA (Lanjutan)

28. TRANSACTION WITH RELATED PARTIES (Continued)

c. Perusahaan menyewa bangunan kantor di Mega Glodok

Kemayoran milik PT Monaspermata Persada. Beban
sewa tahun 2008 dan 2007 sebesar Rp 350.532 dan
Rp 386.585.

c. The Company leases the PT Monaspermata Persadas

office at Mega Glodok Kemayoran. Lease expenses for
the 2008 and 2007 amounting to Rp 530,532 and
Rp 386,585.

d. Bangunan kantor milik Perusahaan yang terletak di

Jalan Tangki Sekolah, Jakarta disewa oleh
PT Monaspermata Persada. Pendapatan sewa tahun
2008 dan 2007 sebesar Rp 100.000.

d. The Companys building which is located in Jalan

Tangki Sekolah, Jakarta is being rent by
PT Monaspermata Persada. Lease income for 2008 and
2007 amounting to Rp 100,000.

e. Perusahaan menjual tembaga sisa dan aluminium sisa

(barang scrap) kepada PT Multi Tembaga Utama dan
PT Sinar Monas Industries.

e. The Company sold scrap to PT Multi Tembaga Utama

and PT Sinar Monas Industries.

f. Pada tahun 2008 dan 2007, penjualan kepada Nextrom

Enterprise Pte. Ltd. merupakan penjualan barang jadi.

f.

g. Piutang kepada Nextrom Enterprice Pte., Ltd merupakan

piutang yang timbul atas penjualan barang jadi.

g. Receivable from Nextrom Enterprice Pte., Ltd.

represents receivable arising from sales of finished
goods.

Berdasarkan penelaahan terhadap kondisi keuangan pihak

yang mempunyai hubungan istimewa, manajemen
berpendapat seluruh piutang tersebut dapat ditagih sehingga
atas piutang kepada pihak tersebut tidak diadakan
penyisihan piutang ragu-ragu.

Based on the review of the status of related parties, the

Companys management is of the opinion that all the
accounts are collectible, no allowance is necessary
accordingly.

29. INFORMASI SEGMEN

2008
%
Penjualan
Beban pokok penjualan
Laba kotor
Beban usaha yang tidak dapat
dialokasikan
Laba dari usaha
Beban lain - lain yang tidak
dapat dialokasikan

In 2008 and 2007, sales the Company to Nextrom

Enterprice Pte., Ltd. represent sales of finished goods.

29. BUSINESS SEGMENT INFORMATION

Kabel listrik/
Power Cable
Rp Juta/
Rpmillion
93%
93%

1.047.712
954.268
93.444

Kabel telepon/
Telephone Cable
%
Rp Juta/
Rpmillion
5%
5%

64.729
56.449
8.280

Energi/
Energy
Rp Juta/
Rpmillion
2%
2%

18.698
15.923
2.775

Jumlah/
Total
Rp Juta/
Rpmillion
100%
100%

1.131.138
1.026.640

2008

Sales
Cost of goods sold

104.498

Gross profit

49.127

Unallocated operating
expenses

55.372
53.645

Income from operation

Unallocated other
charge-net

Laba sebelum pajak

Pajak penghasilan

1.727
1.648

Income before tax

Income tax

Laba bersih sebelum

hak minoritas

78

Net income before

minority interest

Hak minoritas
Laba bersih

Minority interest
78

Net income

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/36

Exhibit E/36
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

29. INFORMASI SEGMEN (Lanjutan)

2007

29. BUSINESS SEGMENT INFORMATION (Continued)

Kabel listrik/
Power Cable
%
Rp Juta/
Rpmillion

Penjualan
Beban pokok penjualan

88,51%
88,00%

Laba kotor
Beban usaha yang tidak dapat
dialokasikan
Laba dari usaha
Beban lain - lain yang tidak
dapat dialokasikan
Laba sebelum pajak
Pajak penghasilan
Laba bersih sebelum
hak minoritas
Hak minoritas

651.047
558.337

Kabel telepon/
Telephone Cable
%
Rp Juta/
Rpmillion
8,58%
9,59%

63.097
60.866

92.710

Energi/
Energy
Rp Juta/
Rpmillion

2,92%
2,41%

21.445
15.293

2.231

Jumlah/
Total
Rp Juta/
Rpmillion

100,00%
100,00%

6.152

Sales
Cost of Goods Sold

101.093

22.922
-

Gross profit
Unallocated operating
expenses
Income from operation
Unallocated other
charge-net
Income before tax
Income tax
Net income before
minority interest
Minority Interest

22.922

Net income

13.677
37.418
14.496

30. ASET DAN KEWAJIBAN MONETER DALAM

MATA UANG ASING

30. MONETERY
ASSETS
AND
LIABILITIES
DENOMINATED IN FOREIGN CURRENCY

Pada tanggal 31 Desember 2008 dan 2007, Perusahaan dan

anak perusahaan mempunyai aset dan kewajiban moneter
dalam mata uang asing sebagai berikut:
2008
Mata uan g
Ek ui vale n
as in g/
Ru pi ah /
Foreign
Rupiah
currency
Equivalent
Ase t
Kas dan setara kas

735.589
634.496

49.998
51.095

Laba bersih

2007

On 31 December 2008 and 2007, the Company and its

Subsidiary have monetary assets and liabilities denominated
in foreign currencies as follows:
2007
Mata u an g
Eku i vale n
asin g/
Ru pi ah/
Foreign
Rupiah
currency
Equivalent
Assets
Cash and equivalents

US$
SG$
EUR
GBP
JP Y

3.163.676
52.169
435.315
262.674
503.494

34.642.253
396.865
6.717.957
4.150.909
61.038

48.197
6.329
13.163
-

453.968
41.154
181.120
-

US$
SG$
US$
SG$
EUR
GBP

1.664.897
1.117.013
7.401.705
1.283.428
650.866

18.230.623
8.497.520
81.048.670
19.806.374
10.285.316

1.758.152
3.032.990
4.566.939
2.586.933
379.392
-

16.560.034
19.721.654
43.015.998
16.821.221
5.220.343
-

Uang muka

US$
EUR
GBP

450.429
70.889
19.088

4.932.198
1.093.987
301.638

1.865.235
60.558
-

17.568.648
833.264
-

Purchase advances

Uang jaminan

US$

187.664

1.767.607

Security deposits

Piutang usaha
P ihak yang mempunyai
hubungan ist imewa
P ihak ket iga

Jumlah

190.165.350

122.185.010

Trade receivables
Related parties
Third parties

Total

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/37

Exhibit E/37
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

30. ASET DAN KEWAJIBAN MONETER DALAM

MATA UANG ASING (Lanjutan)

30. MONETERY
ASSETS
AND
DENOMINATED
IN
FOREIGN
(Continued)

2008
Mata uan g
Ek ui vale n
as in g/
Ru pi ah /
Foreign
Rupiah
currency
Equivalnet
Ke waji ban
Ut ang bank
Ut ang usaha
P ihak yang mempunyai
hubungan ist imewa
P ihak ket iga

Hut ang perolehan aset tetap

US$

US$
SG$
EUR
US$
SG$
EUR
YUN

7.308.299
36.002
31.682.888
885.703
5.339
-

US$
SG$
YUN

346.961
76.232
66.902

2007
Mata u an g
Eku i vale n
asin g/
Ru pi ah/
Foreign
Rupiah
currency
Equivalnet

6.430.063

60.564.763

80025878,74
288017,68
346927623,6
6737861,574
82393,5836
-

4.202.503
2.510.357
35.409
8.331.364
201.460
12.257
80.902

39.583.376
16.323.295
487.219
78.473.118
1.309.969
168.653
97.726

4246293,845
1093488,423
211790,244

318.835
-

3.003.207
-

439.613.348
Jum lah Ke wajiban - Be rsi h

11 Maret 2009
11 March 2009
Mata uang
1 EUR
1 US $
1 SG $
100 JPY
1 YUN

Liabilities
Bank loan
Trade account payable
Related parties

Third parties

Liabilities for acquisition of

property, plant and equipments

200.011.326

249.447.998

Pada tahun 2008, Perusahaan menderita kerugian selisih

kurs sebesar Rp 41.935.214 (2007 : Rp 2.932.812).

77.826.316

Net Liabilities

In 2008, the Company has loss on foreign exchange

Rp 41,935,214 (2007 : Rp 2,932,812).

31 Desember 2008/
31 December 2008

31 Desember 2007/
31 December 2007

13.442,84
9.186,00
6.485,37
12.122,98
1.670,00

13.759,76
9.419,00
6.004,73
8.306,74
1.207,95

15.485,81
11.990,00
7.806,14
12.018,49
1.178,03

LIABILITIES
CURRENCY

Foreign Currencies
1 EUR
1 US $
1 SG $
100 JPY
I YUN

Pada masa mendatang, nilai kurs masih mungkin berubahubah, dan mata uang Rupiah mungkin mengalami depresiasi
atau apresiasi secara signifikan terhadap mata uang lainnya.

In the future the rates still fluctuate, and Rupiah has a

possibility to depreciated significantly against other
currencies.

Apabila kewajiban bersih dalam mata uang asing pada

tanggal 31 Desember 2008 dinyatakan dengan kurs tengah
Bank Indonesia per tanggal 11 Maret 2009, maka jumlah
kewajiban bersih akan naik sebesar Rp 22.830.826

If net assets and liabilities in foreign currencies on

31 December 2008 on expressed using Bank Indonesia
middle rates as on 11 Maret 2009, total net liabilities will
increase by Rp 22,830,826.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/38
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

31. IMPLIKASI PENERAPAN STANDAR AKUNTANSI

BARU

Exhibit E/38
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

31. IMPLEMENTATION
IMPLICATION
ACCOUNTING STANDARDS

OF

NEW

Perusahaan menerapkan PSAK No. 16 (Revisi 2007) Aset

Tetap pada tahun 2008. Dampak dari penerapan tersebut
adalah reklasifikasi selisih penilaian kembali aset tetap
ke defisit tidak ditentukan penggunaannya per 1 Januari
2008 sebesar Rp 33.676.181.

The company implemented the SFAS No. 16 (Revised 2007)

Fixed Assets in 2008. The implication of the
implementation is reclassification of revaluation increment
in fixed assets to the deficit unappropiated at 1 January
2008 amounting to Rp 33,676,181.

Akun yang terpengaruh atas penyesuaian ini adalah sebagai

berikut:

Account impacted by the adjustment are as follow:

Selisih penilaian kembali

aset tetap
Saldo laba (defisit)
Tidak ditentukan penggunaannya

Sebelum/
Before

Penyesuaian/
Adjusment

Setelah/
After

33.676.181

( 33.676.181)

( 27.936.009)

32. IKATAN
a. Perjanjian Jual Beli Tenaga Listrik
Pada tanggal 16 Mei 2001, Perusahaan dan anak
perusahaan mengadakan perjanjian kerjasama jual beli
tenaga listrik berjangka 20 MW dengan PT Pelayanan
Listrik Nasional Batam (PLN Batam). Perusahaan dan
anak perusahaan akan membangun dan mengoperasikan
sebuah fasilitas pembangkit listrik tenaga diesel dengan
kapasitas 20 MW yang berlokasi di Baloi, Batam. PLN
Batam akan membeli tenaga listrik dari PT Jembo
Energindo (anak perusahaan) sebesar Rp 160 per kwh
tidak termasuk bahan bakar. Perjanjian ini berlaku
selama 8 tahun, sejak tanggal operasi komersil yang
telah ditetapkan antara PLN Batam dan Perusahaan
yaitu tanggal 15 Mei 2002. Pada akhir masa perjanjian,
PLN Batam mempunyai hak opsi untuk membeli
seluruh hak, kepemilikan dan kepentingan Perusahaan
atas fasilitas pembangkit tenaga listrik diesel tersebut
dengan harga yang ditetapkan kemudian.
b. Bank Garansi
Dalam rangka kontrak penjualannya, Perusahaan telah
menyerahkan bank garansi sebagai jaminan pelaksanaan
yang diterbitkan oleh Bank Mandiri dan Bank
Finconesia untuk kepentingan langganannya terutama
PT (Persero) Perusahaan Listrik Negara, tender dan
ekspor. Pada tanggal 31 Desember 2008, jumlah bank
garansi yang masih berlaku adalah sebesar
Rp 13.990.531.

33.676.181

5.740.172

Property, plant and equipment

revaluation increment
Retained earnings (deficit)
Unappropriated

32. COMITMENTS
a.

Purchase and Sale of Electrical EnergAgreement

On 16 May 2001, the Company and its subsidiary
entered into a purchase and sale of electrical energy
agreement for 20 MW with PT Pelayanan Listrik
Nasional Batam (PLN Batam). The Company and its
subsidiary will develop and operate a diesel electrical
power generator facility with 20 MW capacity located
in Baloi, Batam, PLN Batam will buy electrical energy
from PT Jembo Energindo (the subsidiary) at Rp 160
per kwh excluding cost of fuel. The agreement is valid
for a period of 8 years, starting from the commercial
operations, which will be determined by PLN Batam
and the Company, which has been 15 May 2002. At the
expiration of the agreement, PLN Batam has the option
right to buy the Companys every rights, ownership and
interests on the diesel electrical power generator at a
price that will be agreed later.

b. Bank Guarantees
In relation to the sales agreements, the Company has
submitted bank guarantees issued by Bank Mandiri and
Bank Finconesia for the benefit of its customers, mainly
PT (Persero) Perusahaan Listrik Negara, bid bond and
export. On 31 December 2008, total bank guarantees
outstanding amounted to Rp 13,990,531.

These Consolidated Financial Statements are Originally

Issued in Indonesian Language

Ekshibit E/39
PT JEMBO CABLE COMPANY Tbk DAN ANAK PERUSAHAAN
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASI
31 DESEMBER 2008 DAN 2007
(Disajikan dalam Ribuan Rupiah, kecuali dinyatakan lain)

33. STNDAR AKUNTANSI BARU

Exhibit E/39
PT JEMBO CABLE COMPANY Tbk AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2008 AND 2007
(Expressed in Thousands Rupiah, unless otherwise stated)

33. NEW ACCOUNTING STANDARD

Ikatan Akuntan Indonesia (IAI) telah menerbitkan

beberapa standar akuntansi revisi yang relevan bagi
perusahan dan anak perusahaan sebagai berikut:

The Indonesian Institute of Accountants has published some

revision accounting standard which are applicable to the
Company and its subsidiary as follows:

a. PSAK No. 14 (Revisi 2008) Persediaan (berlaku untuk

laporan keuangan yang periodenya dimulai pada atau
setelah tanggal 1 Januari 2009)

a. SFAS No. 14 (Revised 2008) Inventories (applicable

for financial statements covering periods beginning on
or after 1 January 2009)

b. PSAK No. 50 (Revisi 2006) - Instrumen Keuangan:

Penyajian dan Pengungkapan (berlaku untuk laporan
keuangan yang periodenya dimulai pada atau setelah
tanggal 1 Januari 2010).

b. SFAS No. 50 (Revised 2006) - Financial Instrument:

Presentation and Disclosures (effective for financial
statements covering periods beginning on or after
1 January 2010).

c. PSAK No. 55 (Revisi 2006) - Instrumen Keuangan :

Pengakuan dan Pengukuran (berlaku untuk laporan
keuangan yang periodenya dimulai pada atau setelah
tanggal 1 Januari 2010).

c. SFAS No. 55 (Revised 2006) - Financial Instrument:

Recognition and Measurement (effective for financial
statements covering periods beginning on or after
1 January 2010).

Perusahaan masih mempelajari dampak yang mungkin

timbul dari penerapan standar-standar ini terhadap laporan
keuangan konsolidasian.

The Company still studying the effect probably arise from

implementation of these standards to the consolidated
financial statements.

34. PENGARUH KRISIS KEUANGAN GLOBAL

TERHADAP PERUSAHAN

34. THE IMPACT OF GLOBAL FINANCIAL CRISIS TO

THE COMPANY

Pasar uang dan pasar modal global telah mengalami

ketidakstabilan dan krisis kredit yang parah. Kemampuan
pelanggan Perusahaan untuk melanjutkan kegiatan usaha dan
mempertahankan tingkat profitabilitas serta untuk membayar
hutangnya pada saat jatuh tempo mungkin sangat tergantung
pada efektivitas kebijakan fiskal dan tindakan lainnya yang
dilakukan untuk mencapai pemulihan ekonomi, yang berada
diluar kendali mereka.

The global financial and capital markets have experienced

severe credit crunch and volatility. The ability of the
Companys customers to maintain operations and
profitability and to pay their debts as they mature may be
dependent to a large extent on the effectiveness of the fiscal
measures and other actions, beyond their control,
undertaken to achieve economic recovery.

Namun demikian, manajemen memiliki ekspektasi yang

wajar bahwa Perusahaan akan dapat mengelola risiko usaha
dengan baik walau dalam kondisi ekonomi yang tidak pasti
saat ini.

Nevertheless, the management has a reasonable expectation

that the Company is well placed to manage its business risks
successfully despite the current uncertain economic outlook.

Manajemen berkeyakinan bahwa Perusahaan memiliki

sumber daya yang memadai untuk melanjutkan kegiatan
usahanya dalam waktu mendatang yang dapat diduga secara
pantas. Oleh karena itu, dasar kelangsungan usaha tetap
digunakan sebagai dasar penyusunan laporan keuangan.

The management believes that the company has adequate

resources to continue in operational existence for the
foreseeable future. Accordingly, they continue to adopt the
going concern basis in preparing the financial statements.

35. PERSETUJUAN
KONSOLIDASI

LAPORAN

KEUANGAN

Manajemen Perusahaan bertanggung jawab atas penyusunan

laporan keuangan konsolidasi terlampir yang telah
diselesaikan pada tanggal 11 Maret 2009.

35. APPROVAL OF
STATEMENTS

CONSOLIDATED

FINANCIAL

The Companys management is responsible for the

preparation of the consolidated financial statements which
were completed on 11 March 2009.

00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000

00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
00000000000000000000000000000000000000000
Kantor Pusat dan Pabrik I Head Office and Factory
Jl. Pajajaran, Ds. Gandasari - Jatiuwung,
Tangerang 15137 Indonesia
Phone : (021) 556-50468,
(021) 591-9442, 43, 45-47
Fax
: (021) 556-50466
E-mail : investor@jembo.com
Web
: http://www.jembo.com

Kantor I Office
Mega Glodok Kemayoran, Office Tower B 6th Floor
Jl. Angkasa Kav B - 6, Kemayoran
Jakarta Pusat - Indonesia
Phone : (021) 6570-1511 (Hunting)
(021) 2664-6933 (Hunting)
Fax
: (021) 6570-1488
(021) 6570-1556