PT Inti Agri ResourcesTbk.

(Formerly PT Inti Kapuas Arowana Tbk) Agriculture, Forestry, and Fishing

Head Office Sona Topaz Tower 10th Floor Summary of Financial Statement
Jl. Jend. Sudirman Kav. 26
Jakarta 12920 (million rupiah)
Phone (021) 5296-0335 2005 2006 2007
Fax (021) 5296-0336 Total Assets 114,279 393,225 412,548
Factory Jl. Raya Solo-Sragen Km. 8.5 Current Assets 40,263 77,014 51,800
Desa Sroyo-Kec. Jaten of which
Karanganyar 57772, Jawa Tengah Cash and Cash Equivalents 1,128 14,481 7,224
Phone (0271) 821-383 Trade receivables 45 7,400 13,808
Fax (0271) 821-018 Inventories 37,817 49,827 26,104
Business Fishing Non-Current Assets 74,016 316,211 360,748
Company Status PMDN of which
Fixed Assets-Net 49,503 99,611 148,961
Financial Performance: The Company has managed to book Investments 3,089 3,138 n.a
net profit at IDR20.875 billion in 2007, rising 84.3% from IDR11.326 Other Assets 530 1,601 1,333
billion in 2006. The net profit increase was in line with the net sale
which stepped up from IDR39.833 billion to IDR80.885 billion. Liabilities 7,509 6,328 7,026
Brief History: Established on March 16tth 1999 in Surakarta, Current Liabilities 6,851 5,093 6,136
of which
PT. Inti Indah Karya Plasindo conduct in HD‘s type Plastick Pack-
Trade payables 67 5 n.a
aging Industry.
Taxes payable 171 4,335 5,047
Current maturities
of long term-debt 5,465 n.a n.a
Non-Current Liabilities 657 1,235 890

Shareholders' Equity 106,771 386,898 405,522

Paid-up capital 96,000 364,800 364,800
Paid-up capital
in excess of par value 9,272 9,272 9,272
Retained earnings (accumulated loss) 1,498 12,825 31,450

Net Sales 21,220 39,833 80,885

Cost of Goods Sold 16,006 15,548 36,099
Gross Profit (Loss) 5,213 24,285 44,786
Operating Expenses 3,919 9,753 13,875
Operating Profit (Loss) 1,294 14,532 30,911
Other Income (Expenses) (212) 2,715 233
Profit (Loss) before Taxes 1,082 17,247 31,144
Profit (Loss) after Taxes 1,545 11,327 20,876

Per Share Data (Rp)

Earnings (Loss) per Share 2 5 9
Equity per Share 167 159 167
Dividend per Share n.a 1 1
Closing Price 205 195 265

Financial Ratios
PER (x) 84.92 41.87 30.87
PBV (x) 1.23 1.23 1.59
Dividend Payout (%) n.a 14 8
Dividend Yield (%) n.a n.a n.a

Current Ratio (x) 5.88 15.12 8.44

Debt to Equity (x) 0.07 0.02 0.02
Leverage Ratio (x) 0.07 0.02 0.02
Gross Profit Margin (x) 0.07 0.02 0.02
Operating Profit Margin (x) 0.06 0.36 0.38
Net Profit Margin (x) 0.07 0.28 0.26
Inventory Turnover (x) 0.42 0.31 1.38
Total Assets Turnover (x) 0.19 0.10 0.20
ROI (%) 1.35 2.88 5.06
Shareholders
ROE (%) 1.45 2.93 5.15
Maxima Agro Industri 16.49%
PT Redland Asia Capital Tbk 12.48% PER = 84.60x ; PBV = 5.19x (June 2008)
PT Brent Securities 5.73% Financial Year: December 31
Public 65.30% Public Accountant: Doli, Bambang & Sudarmadji

18 Indonesian Capital Market Directory 2008

PT Inti Agri ResourcesTbk.
(Formerly PT Inti Kapuas Arowana Tbk) Agriculture, Forestry, and Fishing

Board of Commissioners Board of Directors

President Commissioner Heru Hidayat President Director Alfian Pramana
Commissioners Director Joko Hartono Trito
Mayor Jenderal TNI (Purnawirawan) Wahiddin Yusuf
Prof. Fachriyan Hasmi Pasaribu Number of Employees 661

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares

1 First Issue 14-Oct-02 14-Oct-02 60,000,000 60,000,000

2 Company Listing 14-Oct-02 24-May-03 100,000,000 160,000,000
3 Reverse Split 19-Jan-05 19-Jan-05 -128,000,000 32,000,000
4 Pre-emptive Rights Apr-05 Apr-05 640,000,000 672,000,000
5 Right Issue Feb-06 Feb-06 566,935,500 1,238,935,500
6 Pre-emptive Rights 1-Mar-06 1-Mar-06 2,121,064,500 3,360,000,000

Underwriters
PT Dhanawibawa Inti Cemerlang, PT Harumdana Sekuritas, PT Sinarmas Sekuritas
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price Shares Traded Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
January-07 198 195 195 17,152.00 3,346.00 209 20 3,360,000,000 655,200.00
February-07 197 195 195 3,537.00 693.00 83 17 3,360,000,000 655,200.00
March-07 250 195 235 61,298.00 13,403.00 986 21 3,360,000,000 789,600.00
April-07 270 220 260 403,953.00 100,273.00 4,182 20 3,360,000,000 873,600.00
May-07 435 265 410 6,109,026.00 2,216,525.00 32,792 21 3,360,000,000 1,377,600.00
June-07 490 335 340 1,230,202.00 514,614.00 10,388 20 3,360,000,000 1,142,400.00
July-07 365 310 320 405,587.00 142,357.00 3,683 22 3,360,000,000 1,075,200.00
August-07 320 122 220 266,088.00 55,351.00 6,511 22 3,360,000,000 739,200.00
September-07 265 220 250 607,339.00 149,033.00 7,097 20 3,360,000,000 840,000.00
October-07 255 215 225 164,766.00 39,142.00 1,601 20 3,360,000,000 756,000.00
November-07 275 170 270 248,044.00 5,552.00 4,022 22 3,360,000,000 907,200.00
December-07 295 250 265 229,720.00 63,438.00 3,550 16 3,360,000,000 890,400.00
January-08 275 175 265 124,702.00 29,963.00 2,799 20 3,360,000,000 890,400.00
February-08 560 250 555 1,225,836.00 527,703.00 16,671 19 3,360,000,000 1,864,800.00
March-08 640 490 600 891,517.00 508,146.00 13,569 18 3,360,000,000 2,016,000.00
April-08 740 590 720 1,131,163.00 743,034.00 11,448 22 3,360,000,000 2,419,200.00
May-08 740 650 670 789,682.00 549,306.00 6,434 20 3,360,000,000 2,251,200.00
June-08 670 620 640 441,566.00 289,297.00 3,866 21 3,360,000,000 2,150,400.00

Stock Price and Traded Chart

Stock Price (Rp) Million Shares

800 1,800

700 1,600
1,400
600
1,200
500
1,000
400
800
300
600
200
400
100 200
- -
Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun-
07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08 08

Institute for Economic and Financial Research 19