LAPORAN KEUANGAN

PT ASTRA OTOPARTS Tbk
DAN ANAK PERUSAHAAN/AND SUBSIDIARIES

LAPORAN KEUANGAN KONSOLIDASIAN/
CONSOLIDATED FINANCIAL STATEMENTS

31 MARET 2011/
31 MARCH 2011

TIDAK DIAUDIT/
UNAUDITED

'WosTRAotoparts PT ASTRA OTOPARTS TbK
Jl. Royo Pegongsoon Duo Km. 2,2 Tel. : (021 ) 460 3550, 460 7O2S
Kelopo Godino - Jokorto
Indonesio -
,l4250, Fox. : (021 460
| 3549, 460 7OO9
*ww.component.ostrq.co.id

SURAT PERNYATAAN DIREKSI BOARD OF DIRECTORS' STATEMENT
TENTANG REGARDING
TANGGUNG JAWAB ATAS LAPORAN KEUANGAN THE RESPONSIBILITY FOR THE CONSOLIDATED
KONSOLIDASIAN PADA TANGGAL FINANCIAL STATEMENTS AS AT
31 MARET 2011 DAN 31 DESEMBER 2O1O 31 MARCH 2011 AND3l DECEMBER2OlO
SERTA UNTUK MASA TIGA BULAN YANG ANDFORTHREE MONTHS
BERAKHIR ENDED
31 MARET 2011 DAN 2O1O 31 MARCH 2011 AND2010
PT ASTRA OTOPARTS TbK PT ASTRA OTOPARTS TbK
DAN ANAK PERUSAHAAN AND SUBS/D'ARIES

Kami yang bertanda tangan dibawah ini. We, the undersigned:

1. Nama . Srswanto Prawiroatmodlo 1. Name Siswanfo Prawi roatm odjo
Alamat kantor : Jl. Raya Pegangsaan Dua Office address Jl. Raya Pegangsaan Dua
Km 2 2, Kelapa Gading, Km 2.2, Kelapa Gading,
Jakarl.a 14250 Jakarta 14250
Alamat rumah : Jl. Tampak Siring Indah/ll, Residential address Jl. Tampak Siring lndah/ll,
Kelapa Gading, Kelapa Gading,
Jakarta Utara Jakarla Utara
Telepon 021 -4603550 Telephone 021 -4603550
Jabata n Presiden Direktur Title President Director

Nama : Darmawan Widjaja 2. Name Darmawan Widjaja
Alamat kantor . Jl. Raya Pegangsaan Dua Office address Jl. Raya Pegangsaan Dua
Km 2.2, Kelapa Gading, Km 2.2, Kelapa Gading,
Jakarl.a 14250 Jakarta 14250
Alamat rumah : Villa Melati Mas Blok B-ll/14 Residential address Villa Melati Mas Blok B-ll/14
Jelupang, Serpong, Jelupang, Serpong
Tangerang Tangerang
Telepon 02 1 -4603550 Telephone 021 -4603550
Jabatan Direktur Title Director

menyatakan bahwa : declare that
1. Bertanggung jawab atas penyusunan dan 1. We are responsible for the preparation and
penyajian laporan keuangan konsolidasian of PT Astra Otopafts Tbk and
presentation
PT Astra Otoparts Tbk dan anak perusahaan; s ubsidi a ri e s' con sol idated fi n a nci a I state me nts;
2 Laporan keuangan konsolidasian Astra PT 2. PT Astra Otoparls Tbk and subsidiaries'
Otoparts Tbk dan anak perusahaan telah disusun consolidated financial slatemenfs have been
dan disajikan sesuai dengan prinsip akuntansi prepared and presented in accordance with
yang berlaku umum di Indonesia; accountrng principles generally accepted in
lndonesia;
3 a. Semua informasi dalam laporan keuangan 3. a. AII information in the PT Astra Otoparls Tbk
konsolidasian PT Astra Otoparts Tbk dan and subsidiaries' consolidated financial
anak perusahaan telah dimuat secara slatements has been disclosed in a
lengkap dan benar; complete and truthful manner;
b Laporan keuangan konsolidasian PT Astra b The Astra Otopafts Tbk and subsidiaries'
Otoparts Tbk dan anak perusahaan tidak consolidated financial statements do not
mengandung informasi atau fakta material contain any incorrect information or material
yang tidak benar, dan tidak menghilangkan facts, nor do they omit information or
informasi atau fakta materral: material facts;
4. Bertanggung jawab atas sistem pengendalian 4. We are responsible for PT Astra Otoparts Tbk
internal dalam PT Astra Otooarts Tbk dan anak and subsrdiaries' internal control svstem.
perusa haan.
Demikian pernyataan ini dibuat dengan sebenarnya. Thus this statement is made truthfullv.

Atas nama dan mewakili Direksi/For and on behalf of the Board of Directors

Jaka rla,LbApril I A pri I 20 1 1


LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN FINANCIAL POSITION
31 MARET 2011 (Tidak Diaudit) AS AT 31 MARCH 2011 (Unaudited)
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)

31 Maret/ 31 Desember/ 1 Januari/
Catatan/ March December January
Notes 2011 2010 2010

ASET ASSETS

ASET LANCAR CURRENT ASSETS
Kas dan setara kas 2d,3 575,086 485,564 773,936 Cash and cash equivalents
Piutang usaha, setelah Trade receivables,
dikurangi penyisihan net of provision
penurunan nilai piutang for impairment of trade
usaha sebesar Rp 14.760 receivables of Rp 14,760
(31 Desember 2010: (31 December 2010:
Rp 14.935 dan 1 Januari Rp 14,935 and 1 January
2010: Rp 14.229): 2010: Rp 14,229):
- Pihak berelasi 2e,2y,4,31e 340,806 263,341 216,802 Related parties -
- Pihak ketiga 2e,4 666,752 528,626 487,529 Third parties -
Piutang lain-lain 2e 105,980 57,120 42,427 Other receivables
Persediaan, setelah dikurangi Inventories, net of
penyisihan persediaan usang provision for obsolete and
dan lambat bergerak sebesar slow moving inventories of
Rp 19.823 (31 Desember Rp 19,823 (31 December
2010: Rp 19.880 dan 2010: Rp 19,880 and
1 Januari 2010: Rp 25.325) 2j,5 722,842 708,322 514,620 1 January 2010: Rp 25,325)
Pajak dibayar dimuka 2v,6a 73,667 74,800 61,060 Prepaid taxes
Pembayaran dimuka lainnya 156,658 81,952 34,962 Other prepayments

Total aset lancar 2,641,791 2,199,725 2,131,336 Total current assets

ASET TIDAK LANCAR NON-CURRENT ASSETS
Receivables from
Piutang dari pihak berelasi 2y - - 1,922 related parties
Aset pajak tangguhan 2v,6d 133,167 117,267 88,628 Deferred tax assets
Investasi pada perusahaan
asosiasi dan jointly Investment in associates
controlled entities 2k,7 2,209,868 2,154,640 1,615,947 and jointly controlled entities
Investasi jangka panjang
lain-lain 2k,8 10,293 10,293 10,293 Other long-term investments
Aset tetap, setelah dikurangi Fixed assets, net of
akumulasi penyusutan accumulated depreciation
dan penurunan nilai sebesar and provision for impairment of
Rp 972.034 (31 Desember Rp 972,034 (31 December
2010: Rp 938.021 dan 2010: Rp 938,021 and
1 Januari 2010: Rp 817.328) 2l,9 1,004,070 985,029 696,716 1 January 2010: Rp 817,328)
Properti investasi 2m,10 47,983 47,983 49,450 Investment properties
Goodwill 2b,11 6,096 6,096 6,715 Goodwill
Aset lain-lain 104,708 64,819 43,932 Other assets

Total aset tidak lancar 3,516,185 3,386,127 2,513,603 Total non-current assets

TOTAL ASET 6,157,976 5,585,852 4,644,939 TOTAL ASSETS

Catatan atas laporan keuangan konsolidasian merupakan bagian yang The accompanying notes form an integral part of these
tidak terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements

Halaman - 1 - Page


31 MARET 2011 (Tidak Diaudit) AS AT 31 MARCH 2011 (Unaudited)

Notes 2011 2010 2010
LIABILITAS LIABILITIES

Liabilitas jangka pendek Current liabilities
Pinjaman jangka pendek 2p,12 95,000 145,000 30,000 Short-term loans
Utang usaha Trade payables
- Pihak berelasi 2o,2y,13,31f 303,593 257,731 243,732 Related parties -
- Pihak ketiga 2o,13 468,671 350,363 323,715 Third parties -
Utang lain-lain 2o 80,864 74,467 30,488 Other payables
Utang pajak 2v,6b 70,617 85,199 98,276 Taxes payable
Beban yang masih
harus dibayar 14 347,802 229,725 152,492 Accrued expenses
Uang muka pelanggan 32,208 33,267 24,023 Customer advances
Kewajiban imbalan kerja 2t,28 15,744 15,744 16,950 Employee benefits obligation
Bagian jangka pendek dari Current portion of
pinjaman jangka panjang 2p,15 58,746 60,235 60,752 long-term loans

Total liabilitas jangka pendek 1,473,245 1,251,731 980,428 Total current liabilities

Liabilitas jangka panjang Non-current liabilities
Utang kepada pihak
berelasi 2y - - 222 Payables to related parties
Goodwill negatif 2b,11 - 1,348 1,451 Negative goodwill
Liabilitas derivatif 2i,16 16,819 11,811 8,107 Derivative liabilities
Kewajiban imbalan kerja 2t,28 143,964 140,608 129,333 Employee benefits obligation
Pinjaman jangka panjang,
setelah dikurangi bagian Long-term loans,
jangka pendek 2p,15 141,845 77,207 142,751 net of current portion

Total liabilitas jangka panjang 302,628 230,974 281,864 Total non-current liabilities

Total liabilitas 1,775,873 1,482,705 1,262,292 Total liabilities

EKUITAS EQUITY

Modal saham Share capital
Modal dasar - 2.000.000.000 Authorised – 2,000,000,000
saham dengan nilai nominal shares with par value
Rp 500 (Rupiah penuh) of Rp 500 (full Rupiah)
per saham per share
Modal ditempatkan dan disetor Issued and fully
penuh - 771.157.280 saham 2q,17 385,579 385,579 385,579 paid - 771,157,280 shares
Tambahan modal disetor 18 55,943 55,943 55,943 Additional paid-in capital
Perubahan ekuitas perusahaan Changes in equity of
asosiasi 2k 18,120 18,120 18,120 associates
Cadangan lindung nilai arus kas 2i,16 2,415 1,326 - Cash flow hedge reserve
Differences in value of
Selisih nilai transaksi restructuring transactions
restrukturisasi entitas among entities under
sepengendali 2r,19 (10,923) (10,923) (10,923) common control
Saldo laba: Retained earnings:
- Dicadangkan 30 60,000 60,000 52,500 Appropriated -
- Belum dicadangkan 3,612,127 3,350,782 2,707,559 Unappropriated -

Ekuitas yang dapat
diatribusikan kepada Equity attributable to
pemilik entitas induk 4,123,261 3,860,827 3,208,778 owners of the parent

tidak terpisahkan dari laporan keuangan konsolidasian consolidated financial statements

Halaman - 2 - Page


31 MARET 2011 (Tidak Diaudit) 31 MARCH 2011 (Unaudited)

Notes 2011 2010 2010

Ekuitas yang dapat
diatribusikan kepada Equity attributable to
pemilik entitas induk 4,123,261 3,860,827 3,208,778 owners of the parent

Kepentingan nonpengendali 20 258,842 242,320 173,869 Non-controlling interests

Total ekuitas 4,382,103 4,103,147 3,382,647 Total equity

TOTAL LIABILITAS TOTAL LIABILITIES
DAN EKUITAS 6,157,976 5,585,852 4,644,939 AND EQUITY


Halaman - 3 - Page


LAPORAN LABA RUGI KONSOLIDASIAN CONSOLIDATED INCOME STATEMENT
UNTUK PERIODE YANG BERAKHIR FOR THE PERIOD ENDED

31 Maret/ 31 Maret/
March Catatan/ March
2011 Notes 2010

Pendapatan bersih 1,818,667 2s,21 1,508,191 Net revenue

Beban pokok pendapatan (1,499,547) 2s,22 (1,245,610) Cost of revenue

Laba bruto 319,120 262,581 Gross profit

Beban usaha: 2s,23 Operating expenses:
Beban penjualan (96,528) (45,110) Selling expenses
General and administrative
Beban umum dan administrasi (120,401) (86,805) expenses

(216,929) (131,915)

Laba usaha 102,191 130,666 Operating profit

Penghasilan/(beban) lain-lain: Other income/(expenses):
Penghasilan bunga 4,857 24 10,214 Interest income
Amortisasi goodwill - 2b,2k,11 (129) Goodwill amortisation
Kerugian kurs mata Loss on foreign
uang asing - bersih (1,401) 2c (775) exchange - net
Beban bunga dan keuangan (8,753) 25 (2,462) Interest and financial charges
Penghasilan lain-lain - bersih 21,654 26 14,290 Other income - net

16,357 21,138
Bagian laba bersih perusahaan Equity in net income of
asosiasi dan jointly controlled associates and jointly
entities 198,826 2k,7 182,447 controlled entities

Laba sebelum pajak penghasilan 317,374 334,251 Profit before income tax

Beban pajak penghasilan (33,031) 2v,6c (38,905) Income tax expenses

Laba periode berjalan 284,343 295,346 Profit for the period

Laba yang dapat diatribusikan kepada: Income attributable to:
Pemilik entitas induk 259,044 277,982 Owners of the parent
Kepentingan nonpengendali 25,299 20 17,364 Non-controlling interests

284,343 295,346

Laba bersih per saham Net earnings per share
dasar dan dilusian basic and diluted
(Rupiah penuh) 336 2w,27 360 (full Rupiah)


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LAPORAN LABA RUGI CONSOLIDATED STATEMENT OF
KOMPREHENSIF KONSOLIDASIAN COMPREHENSIVE INCOME

31 Maret/ 31 Maret/
March Catatan/ March
2011 Notes 2010

Laba periode berjalan 284,343 295,346 Profit for the period

Pendapatan komprehensif lain Other comprehensive income,
setelah pajak: net of income tax:
Lindung nilai arus kas 1,089 16 (4,752) Cash flow hedge

Total laba komprehensif Total comprehensive income
periode berjalan 285,432 290,594 for the period

Total laba komprehensif yang dapat Total comprehensive income
diatribusikan kepada: attributable to:
Pemilik entitas induk 260,133 273,230 Owners of the parent
Kepentingan nonpengendali 25,299 20 17,364 Non-controlling interests

285,432 290,594


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LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)

Selisih nilai
transaksi
restrukturisasi
entitas
sepengendali/
Perubahan Cadangan Differences in
Tambahan ekuitas lindung value of Saldo laba/ Kepentingan
modal perusahaan nilai arus restructuring Retained earnings non
Modal disetor/ asosiasi/ kas/ transactions pengendali/
saham/ Additional Changes in Cash flow among entities Belum Non- Total
Catatan/ Share paid-in equity of hedge under common Dicadangkan/ dicadangkan/ controling ekuitas/
Notes capital capital associates reserve control Appropriated Unappropriated Total interest equity

Saldo 1 Januari 2010/
Balance as at 1 January 2010 385,579 55,943 18,120 - (10,923) 52,500 2,707,559 3,208,778 173,869 3,382,647
Total laba komprehensif
periode berjalan/Total
comprehensive income for the period - - - (4,752) - - 277,982 273,230 17,364 290,594
Lain-lain/Others - - - - - - - - (5,538) (5,538)
Saldo 31 Maret 2010/
Balance as at 31 March 2010 385,579 55,943 18,120 (4,752) (10,923) 52,500 2,985,541 3,482,008 185,695 3,667,703

Saldo 1 Januari 2011/
Balance as at 1 January 2011 385,579 55,943 18,120 1,326 (10,923) 60,000 3,350,782 3,860,827 242,320 4,103,147
Perubahan kebijakan akuntansi/
Changes in accounting policy *) 2b,11 - - - - - - 2,301 2,301 - 2,301
Total laba komprehensif
periode berjalan/Total
comprehensive income for the period - - - 1,089 - - 259,044 260,133 25,299 285,432
Lain-lain/Others 20 - - - - - - - - (8,777) (8,777)
Saldo 31 Maret 2011/
Balance as at 31 March 2011 385,579 55,943 18,120 2,415 (10,923) 60,000 3,612,127 4,123,261 258,842 4,382,103

*) Penyesuaian sehubungan dengan penerapan PSAK No. 22 (Revisi 2009)/Adjustment in relation to implementation of SFAS No. 22 (Revised 2009)

Catatan atas laporan keuangan konsolidasian merupakan bagian The accompanying notes form an integral part of these
yang tidak terpisahkan dari laporan keuangan konsolidasian consolidated financial statements

Halaman - 6 - Page


LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS

31 Maret/ 31 Maret/
March March
2011 2010
Arus kas dari aktivitas operasi Cash flows from operating activities
Penerimaan kas dari pelanggan dan lainnya 1,598,567 1,363,815 Receipts from customers and others
Penerimaan kas dari aktivitas operasi lainnya 18,556 19,530 Receipts from other operating activities
Pembayaran kas kepada pemasok dan Payments to suppliers
karyawan (1,453,324) (1,288,937) and employees

Kas yang dihasilkan dari operasi 163,799 94,408 Cash generated from operations
Pengembalian pajak 11,030 1,966 Tax refund
Penerimaan bunga 3,891 8,263 Interest receipts
Pembayaran bunga Payments for interest and
dan beban keuangan (5,298) (1,768) financial charges
Pembayaran pajak penghasilan (49,337) (35,265) Payments for income tax

Arus kas bersih dihasilkan dari Net cash flows provided by
aktivitas operasi 124,085 67,604 operating activities

Arus kas dari aktivitas investasi Cash flows from investing activities
Penerimaan dividen kas 98,660 44,948 Cash dividends receipts
Piutang yang diterima dari pihak Receivables collected
berelasi - bersih 286 411 from related parties - net
Hasil penjualan aset tetap 153 484 Proceeds from sale of fixed assets
Penambahan aset takberwujud dan Additions of intangible assets and
beban tangguhan (3,050) (995) deferred charges
Perolehan aset tetap (140,691) (60,333) Acquisition of fixed assets

Arus kas bersih digunakan untuk Net cash flows used in
aktivitas investasi (44,642) (15,485) investing activities

Arus kas dari aktivitas pendanaan Cash flows from financing activities
Penerimaan pinjaman jangka pendek 425,986 107,818 Proceeds from short-term loans
Penerimaan pinjaman jangka panjang 70,000 - Proceeds from long-term loans
(Pembayaran)/penerimaan utang (Payments)/receipts of payables
pihak berelasi - bersih (2,950) 311 to related parties - net
Pembayaran pinjaman jangka panjang (3,191) (4,331) Repayments of long-term loans
Pembayaran pinjaman jangka pendek (475,986) (107,107) Repayments of short-term loans

Arus kas bersih dihasilkan dari/ Net cash flows provided by/
(digunakan untuk) aktivitas pendanaan 13,859 (3,309) (used in) financing activities

Kenaikan bersih Net increase in
kas dan setara kas 93,302 48,810 cash and cash equivalents

Cash and cash equivalent at
Kas dan setara kas pada awal periode 485,564 773,936 the beginning of the period

Dampak perubahan selisih kurs terhadap Effect of exchange rate differences
kas dan setara kas (3,780) (4,579) on cash and cash equivalents

Cash and cash equivalents at
Kas dan setara kas pada akhir periode 575,086 818,167 the end of the period


Halaman - 7 - Page


CATATAN ATAS NOTES TO THE CONSOLIDATED
LAPORAN KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS

1. INFORMASI UMUM 1. GENERAL INFORMATION

a. Pendirian dan informasi lainnya a. The establishment and other information

PT Astra Otoparts Tbk (“Perseroan”) didirikan PT Astra Otoparts Tbk (the “Company”) was
dengan Akta Notaris No. 50 tanggal established under the name of PT Federal
20 September 1991 dari Rukmasanti Hardjasatya, Adiwiraserasi based on Notarial Deed No. 50
S.H., notaris di Jakarta, dengan nama PT Federal dated 20 September 1991 of Rukmasanti
Adiwiraserasi. Akta pendirian ini disahkan oleh Hardjasatya, S.H., a notary in Jakarta. The
Menteri Kehakiman Republik Indonesia dalam Surat Deed of Establishment was approved by the
Keputusan No. C2-1326.HT.01.01.TH.92 tanggal Minister of Justice of the Republic of Indonesia
11 Februari 1992 serta diumumkan dalam Berita in Decision Letter No. C2-1326.HT.01.01.TH.92
Negara No. 39 Tambahan No. 2208 tanggal 15 Mei dated 11 February 1992 and was published in
1992. Anggaran Dasar Perseroan telah mengalami State Gazette No. 39 dated 15 May 1992
beberapa kali perubahan, terakhir dengan Akta Supplement No. 2208. The Company’s Articles
Notaris No. 68 tanggal 27 Mei 2008 dari Imas of Association have been amended several
Fatimah, S.H., sehubungan dengan perubahan times, most recently by Notarial Deed No. 68
mengikuti Undang-Undang Perseroan Terbatas dated 27 May 2008 of Imas Fatimah, S.H., to
No. 40 Tahun 2007. Perubahan anggaran dasar ini comply with the Limited Liability Company Law
telah memperoleh persetujuan dari Menteri Hukum No. 40/2007. This amendment has been
dan Hak Asasi Manusia dalam Surat Keputusan approved by the Minister of Laws and Human
No. AHU-46481.AH.01.02. tanggal 31 Juli 2008 dan Rights in Decision Letter No. AHU-
telah diumumkan dalam Berita Negara Republik 46481.AH.01.02. dated 31 July 2008 and was
Indonesia No. 39 Tambahan No. 13154 tanggal published in State Gazette No. 39 dated 15 May
15 Mei 2009. 2009 Supplement No. 13154.

Sesuai dengan pasal 3 Anggaran Dasar Perseroan, In accordance with article 3 of the Company’s
ruang lingkup kegiatan Perseroan terutama Articles of Association, the scope of its activities
bergerak dalam perdagangan suku cadang is to engage mainly in trading of automotive
kendaraan bermotor, baik lokal maupun ekspor, dan components, both domestic and export, and in
manufaktur dalam bidang industri logam, plastik dan the manufacture of metal, plastics and
suku cadang kendaraan bermotor. automotive components.

Perseroan memulai kegiatan komersialnya pada The Company started its commercial operations
tahun 1991. Saat ini kegiatan pemasaran Perseroan in 1991. The Company is currently engaged in
meliputi dalam dan luar negeri, termasuk Asia, the distribution of its products, both domestically
Timur Tengah, Oceania, Amerika Selatan, Eropa and overseas, including Asia, the Middle East,
dan Afrika, dan memiliki divisi perdagangan yang Oceania, South America, Europe and Africa,
beroperasi di Singapura dan anak perusahaan di and has been operating a trading division in
Australia. Singapore and a subsidiary in Australia.

Perseroan tergabung dalam kelompok usaha Astra The Company is a member of the Astra Group.
Grup. Pabrik Perseroan berlokasi di Jakarta dan The Company’s plants are located in Jakarta
Bogor dan kantor pusatnya beralamat di Jalan Raya and Bogor and its head office is located in Jalan
Pegangsaan Dua Km. 2,2, Kelapa Gading, Jakarta. Raya Pegangsaan Dua Km. 2.2, Kelapa Gading,
Jakarta.

b. Penawaran umum saham Perseroan b. The Company’s public offering

Pada tanggal 29 Mei 1998, Perseroan memperoleh On 29 May 1998, the Company obtained the
pernyataan efektif dari Badan Pengawas Pasar notice of effectivity from the Chairman of the
Modal (“Bapepam”) dalam suratnya Capital Market Supervisory Agency (“Bapepam”)
No. S-1110/PM/1998 untuk melakukan penawaran in Decision Letter No. S-1110/PM/1998 for the
umum perdana atas 75 juta saham Perseroan initial public offering of 75 million shares with par
kepada masyarakat dengan nilai nominal Rp 500 value of Rp 500 per share and offering price of
per saham dan harga perdana sebesar Rp 575 Rp 575 per share. On 15 June 1998, the shares
per saham. Pada tanggal 15 Juni 1998, saham were listed on the Indonesia Stock Exchange.
tersebut telah dicatatkan pada Bursa Efek
Indonesia.

Halaman - 8 - Page



1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)

b. Penawaran umum saham Perseroan (lanjutan) b. The Company’s public offering (continued)

Berdasarkan Rapat Umum Pemegang Saham Luar Based on the Extraordinary General Meeting of
Biasa tanggal 11 Mei 2000 yang dituangkan dalam Shareholders held on 11 May 2000 based on
Akta Notaris No. 48 dari Sutjipto, S.H., notaris di Notarial Deed No. 48 of Sutjipto, S.H., notary in
Jakarta, para pemegang saham menyetujui program Jakarta, the shareholders approved the
opsi pemilikan saham karyawan kepada karyawan Employee Stock Option Plan covering the
Perseroan dan anak perusahaan golongan tertentu, Company and its subsidiaries’ employees at
direksi dan komisaris. Program ini dilakukan secara certain levels, directors and commissioners. The
bertahap dalam waktu tiga tahun yang telah berakhir options were granted in stages over a period of
pada tanggal 7 Mei 2005. Perseroan telah three years and expired on 7 May 2005. The
menerbitkan 21.227.000 saham dari pelaksanaan Company has issued 21,227,000 shares as
hak opsi tersebut. result of the exercise of the option.

Pada tanggal 31 Maret 2011 dan 31 Desember As at 31 March 2011 and 31 December 2010, all
2010, seluruh saham Perseroan sebanyak of the Company’s outstanding shares totalling
771.157.280 saham telah dicatatkan pada Bursa 771,157,280 shares had been listed on the
Efek Indonesia. Indonesia Stock Exchange.

c. Struktur Perseroan dan anak perusahaan c. Structure of the Company and subsidiaries

Dengan mengacu kepada Catatan 2b, Perseroan In accordance with Note 2b, the Company
mengkonsolidasi perusahaan-perusahaan berikut consolidates the following entities:
ini:

Persentase efektif
kepemilikan/
Effective Total
percentage of aset (sebelum eliminasi)/
ownership assets (before eliminations)
Di mulainya
kegiatan 31 Maret 2011 dan
komersial/ 31 Desember
Commence- 2010/ 31 31
ment of 31 March 2011 Maret/ Desember/
Anak perusahaan/ Domisili/ Jenis usaha/ commercial and 31 December March December
Subsidiaries Domicile Main activity operations 2010 2011 2010

PT Menara Terus Bekasi Memproduksi dongkrak dan alat 1989 100.00 400,139 350,180
Makmur (MTM) perkakas untuk industri
otomotif/Manufacture
jacks and tools for
automotive industry
PT Senantiasa Makmur Jakarta Perusahaan investasi/ 1986 100.00 313,767 284,416
(SM) Holding company
PT FSCM Manufacturing Jakarta Memproduksi rantai kendaraan 1984 100.00 251,574 239,459
Indonesia (FSCM) bermotor dan filter mobil/
Manufacture automotive
chains and automotive filter
PT Indokarlo Perkasa Bogor Memproduksi suku cadang 1988 100.00 242,821 229,741
(IKP) berbahan karet/Manufacture
of rubber parts
PT Astra Komponen Jakarta Distributor suku cadang 1991 100.00 73,033 73,469
Indonesia (ASKI) sepeda motor/Distributor
of motorcycle spareparts
PT Ardendi Jaya Jakarta Dealer suku cadang 1998 100.00 53,400 57,145
Sentosa (AJS) kendaraan bermotor di Jawa,
Bali dan Nusa Tenggara/
Automotive parts dealer in Java,
Bali and Nusa Tenggara
AOP Australia South Victoria, Distributor suku cadang 2004 100.00 8,448 9,230
Pty. Ltd. (AAU) Australia kendaraan bermotor di
Australia dan Oceania/
Automotive parts sales
distributor in Australia and
Oceania

Halaman - 9 - Page




c. Struktur Perseroan dan anak perusahaan c. Structure of the Company and subsidiaries
(lanjutan) (continued)

Persentase efektif
kepemilikan/
Effective Total
percentage of aset (sebelum eliminasi)/
ownership assets (before eliminations)
Di mulainya
kegiatan 31 Maret 2011 dan
komersial/ 31 Desember
Commence- 2010/ 31 31
ment of 31 March 2011 Maret/ Desember/
Anak perusahaan/ Domisili/ Jenis usaha/ commercial and 31 December March December
Subsidiaries Domicile Main activity operations 2010 2011 2010

PT Century Batteries Jakarta Memproduksi baterai kendaraan 1971 80.00 350,175 335,153
Indonesia (CBI) bermotor/Manufacture
automotive batteries
PT Astra Daido Steel Tangerang Jasa pemotongan dan 1994 66.67 114,381 102,061
Indonesia (ADASI) pemanasan baja/Cutting
steel and heat treatment
services
PT Federal Izumi Cileungsi Memproduksi piston 1992 58.06 253,030 234,149
Manufacturing (FIM) kendaraan bermotor/
Manufacture of
automotive piston
PT Nusa Keihin Jakarta Memproduksi komponen 1997 51.00 55,447 50,852
Indonesia (NKI) transmisi mobil/
Manufacture of vehicle
transmission component
PT Gemala Kempa Jakarta Memproduksi suku 1993 50.67 311,495 225,660
Daya (GKD) cadang kendaraan
bermotor, terutama
frame chassis
untuk mobil/Manufacture of
automotive parts,
particularly frame chassis
for vehicles
PT Banjar Jaya Semarang *) 2005 100.00 - -
Sentosa (BJS)
PT Astrindo Jaya Surabaya *) 2005 100.00 - -
Sentosa (BJS)
PT Anugerahparamitra Denpasar *) 2005 100.00 - -
Motorpart (APM)
. PT Mopart Jaya Jakarta *) 2001 100.00 - -
Utama (MJU)
PT Cipta Piranti Jakarta *) 1983 100.00 - -
Tehnik (CPT)

*) BJS, ATS, APM, MJU, CPT telah menghentikan usaha utamanya masing-masing pada tahun 2002 (CPT), 2008 (BJS, ATS, APM) dan 2009
(MJU), dan dalam proses likuidasi sejak Desember 2009/BJS, ATS, APM, MJU, CPT ceased their main operations in 2002 (CPT), 2008 (BJS,
ATS, APM), and 2009 (MJU) respectively, and have been in the process of liquidation since December 2009.

Berdasarkan Rapat Umum Pemegang Saham In accordance with the General Meeting of
(“RUPS”) ATS, BJS, MJU, APM, dan CPT pada Shareholders of ATS, BJS, MJU, APM and CPT
tanggal 14 Desember 2009, disetujui bahwa ATS, dated 14 December 2009, the Shareholders
BJS, MJU, APM, dan CPT dibubarkan. Pada tanggal agreed to liquidate ATS, BJS, MJU, APM, and
31 Maret 2011, ATS, BJS, MJU, APM, dan CPT CPT. As at 31 March 2011, ATS, BJS, MJU,
masih dalam proses likuidasi. APM, and CPT were in the liquidation process.

Induk perusahaan langsung Perseroan adalah The Company’s immediate parent company is
PT Astra International Tbk, sedangkan induk PT Astra International, Tbk and its ultimate
perusahaan utama Perseroan adalah Jardine parent company is Jardine Matheson Holdings
Matheson Holdings Ltd. Ltd.

Halaman - 10 - Page




d. Dewan Komisaris, Direksi dan Karyawan d. Board of Commissioners, Directors and
Employees

Pada tanggal 31 Maret 2011 dan 31 Desember As at 31 March 2011 and 31 December 2010,
2010, susunan anggota Dewan Komisaris dan the members of the Company’s Board of
Direksi Perseroan adalah sebagai berikut: Commissioners and Directors were as follows:

31 Maret 2011 dan 31 Desember 2010/
31 March 2011 and 31 December 2010

Dewan Komisaris Board of Commissioners
Presiden Komisaris Johnny Darmawan Danusasmita President Commissioner

Wakil Presiden Komisaris Widya Wiryawan Vice President Commissioner

Komisaris Simon Collier Dixon Commissioners
Chiew Sin Cheok
Eduardus Paulus Supit
Leonard Lembong
Sudirman Maman Rusdi

Komisaris Independen Patrick Morris Alexander Independent Commissioners
Bambang Trisulo
Muhammad Chatib Basri

Direksi Board of Directors
Presiden Direktur Siswanto Prawiroatmodjo President Director

Direktur Gustav Afdhol Husein Directors
Djangkep Budhi Santoso
Darmawan Widjaja
Widodo Eko Rijanto
Dandy Soelip
Robby Sani
Niniek Dhamayanti Supojo

Pada tanggal 31 Maret 2011, Perseroan dan anak As at 31 March 2011, the Company and its
perusahaan memiliki karyawan kurang lebih 8.690 subsidiaries had approximately 8,690 employees
orang (31 Desember 2010: 8.320 orang) dengan (31 December 2010: 8,320 employees) with total
jumlah biaya karyawan untuk periode yang berakhir employee costs for the period ended 31 March
pada tanggal 31 Maret 2011 sebesar kurang lebih 2011 of approximately Rp 226 billion
Rp 226 miliar (31 Desember 2010: Rp 729 miliar). (31 December 2010: Rp 729 billion).

Halaman - 11 - Page



2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

Laporan keuangan konsolidasian Perseroan dan anak The consolidated financial statements of the
perusahaan disusun oleh Direksi berdasarkan Standar Company and subsidiaries have been prepared by
Akuntansi Keuangan (”SAK”) dan diselesaikan pada the Directors in accordance with Financial
tanggal 26 April 2011. Accounting Standard (“FAS”) and completed on
26 April 2011.

Berikut ini adalah ikhtisar kebijakan akuntansi yang Presented below is a summary of significant
penting yang diterapkan dalam penyusunan laporan accounting policies adopted in preparing the
keuangan konsolidasian. consolidated financial statements.

a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian financial statements

Laporan keuangan konsolidasian disusun The consolidated financial statements have
berdasarkan konsep harga perolehan, kecuali untuk been prepared under the historical cost
properti investasi dan instrumen derivatif yang convention, except for investment properties
dicatat sebesar nilai wajar. and all derivative instruments which are valued
at fair value.

Laporan keuangan konsolidasian disusun dengan The consolidated financial statements have
menggunakan dasar akrual (accrual basis), kecuali been prepared on the basis of the accruals
untuk laporan arus kas konsolidasian. concept, except for the consolidated statement
of cash flows.

Laporan arus kas konsolidasian disusun The consolidated statement of cash flows are
menggunakan metode langsung dan arus kas prepared using the direct method by classifying
dikelompokkan atas dasar aktivitas operasi, cash flows on the basis of operating, investing,
investasi, dan pendanaan. and financing activities.

Penyusunan laporan keuangan konsolidasian sesuai The preparation of consolidated financial
dengan SAK mengharuskan manajemen untuk statements in conformity with FAS requires
membuat estimasi dan asumsi yang mempengaruhi management to make estimations and
jumlah aset dan liabilitas dan pengungkapan aset assumptions that affect the reported amounts of
dan liabilitas kontinjensi pada tanggal laporan assets and liabilities and the disclosure of
keuangan konsolidasian serta jumlah pendapatan contingent assets and liabilities at the date of
dan beban selama periode pelaporan. the consolidated financial statements and the
reported amounts of revenues and expenses
during the reporting period.

Halaman - 12 - Page



(lanjutan) POLICIES (continued)

konsolidasian (lanjutan) financial statements (continued)

Walaupun estimasi ini dibuat berdasarkan Although these estimates are based on
pengetahuan terbaik manajemen atas kejadian dan management’s best knowledge of current
tindakan saat ini, hasil yang timbul mungkin berbeda events and activities, actual results may differ
dengan jumlah yang diestimasi semula. SAK juga from those estimates. FAS also require
menghendaki manajemen untuk menggunakan management to exercise its judgement in the
pertimbangan dalam proses penerapan kebijakan process of applying the Company’s accounting
akuntansi Perseroan. policies.

Kebijakan akuntansi yang digunakan dalam periode The accounting policies adopted for this period
ini adalah konsisten dengan penerapan pada are consistent with those applied in the audited
laporan keuangan Perseroan dan anak perusahaan financial statements of the Company and
yang telah diaudit untuk tahun yang berakhir pada subsidiaries for the financial year ended 31
tanggal 31 Desember 2010, kecuali kebijakan- December 2010, except for policies affected by
kebijakan yang dipengaruhi oleh implementasi the implementation of the following accounting
standar akuntansi yang berlaku untuk periode standards, which were effective for financial
laporan keuangan yang dimulai pada atau setelah statements covering periods beginning on or
tanggal 1 Januari 2011, sebagai berikut : after 1 January 2011:

- PSAK 1 (revisi 2009) - Penyajian Laporan - SFAS 1 (revised 2009) - Presentation of
Keuangan, Financial Statements,
- PSAK 2 (revisi 2009) - Laporan Arus Kas, - SFAS 2 (revised 2009) - Statement of Cash
flows,
- PSAK 3 (revisi 2009) - Laporan Keuangan - SFAS 3 (revised 2009) - Interim Financial
Interim, Reporting,
- PSAK 4 (revisi 2009) - Laporan Keuangan - SFAS 4 (revised 2009) - Consolidated and
Konsolidasian dan Laporan Keuangan Separate Financial Statements,
Tersendiri,
- PSAK 5 (revisi 2009) - Segmen Operasi, - SFAS 5 (revised 2009) - Operating
Segments,
- PSAK 7 (revisi 2010) - Pengungkapan Pihak- - SFAS 7 (revised 2010) - Related Party
pihak Berelasi, Disclosures,
- PSAK 8 (revisi 2010) - Peristiwa Setelah - SFAS 8 (revised 2010) - Events after the
Periode Pelaporan, Reporting Period,
- PSAK 12 (revisi 2009) - Bagian Partisipasi - SFAS 12 (revised 2009) - Interest in Joint
dalam Ventura Bersama, Ventures,
- PSAK 15 (revisi 2009) - Investasi pada Entitas - SFAS 15 (revised 2009) - Investment in
Asosiasi, Associates,
- PSAK 19 (revisi 2010) - Aset Takberwujud, - SFAS 19 (revised 2010) - Intangible Assets,
- PSAK 22 (revisi 2010) - Kombinasi Bisnis, - SFAS 22 (revised 2010) - Business
Combination,
- PSAK 23 (revisi 2010) - Pendapatan, - SFAS 23 (revised 2010) - Revenue,
- PSAK 25 (revisi 2009) - Kebijakan Akuntansi, - SFAS 25 (revised 2009) - Accounting
Perubahan Estimasi Akuntansi, dan Kesalahan, Policies, Changes in Accounting Estimates
and Errors,
- PSAK 48 (revisi 2009) - Penurunan Nilai Aset, - SFAS 48 (revised 2009) - Impairment of
Assets,
- PSAK 57 (revisi 2009) - Provisi, Liabilitas - SFAS 57 (revised 2009) - Provisions,
Kontijensi dan Aset Kontijensi, Contingent Liabilities and Contingent Assets,
- PSAK 58 (revisi 2009) - Aset Tidak Lancar yang - SFAS 58 (revised 2009) - Non-Current
Dimiliki untuk Dijual dan Operasi yang Assets Held for Sale and Discountinued
Dihentikan, Operations,
- ISAK 7 – Konsolidasi Entitas Bertujuan Khusus, - Interpretation of SFAS 7 – Consolidation-
Special Purpose Entities,

Halaman - 13 - Page





- ISAK 9 - Perubahan atas Liabilitas Aktivitas - Interpretation of SFAS 9 – Changes in
Purnaoperasi, Restorasi, dan Liabilitas Serupa, Existing Decommissioning, Restoration and
Similar Liabilities,
- ISAK 10 - Program Loyalitas Pelanggan, - Interpretation of SFAS 10 - Customer
Loyalty Program,
- ISAK 11 - Distribusi Aset Nonkas Kepada - Interpretation of SFAS 11 - Distribution of
Pemilik, Non-Cash Assets to Owners,
- ISAK 12 - Pengendalian Bersama Entitas: - Interpretation of SFAS 12 - Jointly Controlled
Kontribusi Nonmoneter oleh Venturer, Entities - Non-monetary Contributions by
Venturer,
- ISAK 14 - Aset Takberwujud - Biaya Situs Web, - Interpretation of SFAS 14 - Intangible Assets
– Web Site Cost,
- ISAK 17 - Laporan Keuangan Interim dan - Interpretation of SFAS 17 - Interim Financial
Penurunan Nilai. Reporting and Impairment.

Penerapan SAK revisi menyebabkan adanya The adoption of revised FASs has resulted in
perubahan dalam penyajian dan pengungkapan changes of presentation and disclosure of the
informasi keuangan, namun tidak mengakibatkan consolidated financial statement, but did not
dampak yang material terhadap kinerja dan posisi have material impact on the performance and
keuangan Perseroan dan anak perusahaan. financial position of the Company and
subsidiaries.

Berdasarkan PSAK 1 (revisi 2009), jumlah tercatat Based on SFAS 1 (revised 2009), the carrying
kepentingan nonpengendali telah direklasifikasi dan amount of non-controlling interest was
disajikan sebagai bagian dari ekuitas. Sebagai reclassified and presented within the equity. For
informasi tambahan, Perseroan menyajikan laporan additional information, the Company presented
keuangan sendiri PT Astra Otoparts Tbk (induk separate financial statements of PT Astra
perusahaan saja). Sesuai dengan PSAK 4 (revisi Otoparts Tbk (parent company only). In
2009), penyertaan Perseroaan pada anak accordance with SFAS 4 (revised 2009),
perusahaan, perusahaan asosiasi dan jointly investment in subsidiaries, associates and jointly
controlled entities disajikan berdasarkan biaya controlled entities are presented at cost. In
perolehan. Sesuai dengan ketentuan transisi PSAK accordance with the transitional provisions of
22 (revisi 2010), jumlah tercatat goodwill negatif SFAS 22 (revised 2010), the carrying amount of
sebesar Rp 2,3 miliar yang dihentikan negative goodwill of Rp 2.3 billion that was being
pengakuannya telah disesuaikan ke saldo laba per derecognised has been adjusted to the retained
1 Januari 2011. Terkait dengan hal tersebut di atas, earning at 1 January 2011. Therefore, the
Perseroan menyajikan pula laporan posisi keuangan Company also presented the statement of
awal periode komparatif. financial position as at beginning of the
comparative period.

Laporan keuangan konsolidasian Perseroan dan The previous period of consolidated financial
anak perusahaan periode sebelumnya tidak statements of the Company and subsidiaries
disajikan kembali, karena pengaruh atas penerapan were not restated because the effect of adopting
standar akuntansi yang memerlukan penerapan accounting standards, which require
retrospektif adalah tidak material, kecuali seperti retrospective application, were immaterial,
yang telah disebutkan diatas. except stated otherwise above.

Sebagai dampak penerapan standar akuntansi As an impact of adoption of accounting
secara prospektif dalam ketentuan transisinya, standards prospectively in its transitional
laporan keuangan konsolidasian Perseroan dan provisions, the consolidated financial statements
anak perusahaan periode berjalan tidak dapat of the Company and subsidiaries in the current
diperbandingkan dengan informasi komparatifnya. period are not able to be compared to its
comparative informations.

Halaman - 14 - Page





Seluruh angka dalam laporan keuangan Figures in the consolidated financial statements
konsolidasian, dibulatkan menjadi dan disajikan are rounded to and expressed in millions of
dalam jutaan Rupiah, kecuali dinyatakan lain. Rupiah, unless otherwise stated.

b. Prinsip-prinsip konsolidasi b. Principles of consolidation

Laporan keuangan konsolidasian menggabungkan The consolidated financial statements
aset dan liabilitas pada tanggal 31 Maret 2011 dan incorporate the assets and liabilities as at
31 Desember 2010 dan hasil usaha untuk periode 31 March 2011 and 31 December 2010 and
yang berakhir pada tanggal 31 Maret 2011 dan 31 results of operations for the periods ended on
Maret 2010 dari Perseroan dan perusahaan- 31 March 2011 and 31 March 2010 of the
perusahaan dimana Perseroan memiliki Company and entities in which the Company
kemampuan secara langsung atau tidak langsung has the ability to directly or indirectly exercise
untuk mengendalikan perusahaan-perusahaan control.
tersebut.

Seluruh transaksi dan saldo yang material antara All material transactions and balances between
perusahaan-perusahaan yang dikonsolidasi telah consolidated companies have been eliminated
dieliminasi dalam penyajian laporan keuangan in the consolidated financial statements.
konsolidasian.

Kepentingan nonpengendali disajikan di ekuitas Non-controlling interests are presented within
dalam laporan posisi keuangan konsolidasian, the equity in the consolidated statement of
terpisah dari ekuitas induk perusahaan. Laba atau financial position, separately from the equity of
rugi dan setiap komponen pendapatan komprehensif the parent company. Profit or loss and each
lain dialokasikan kepada induk perusahaan dan component of other comprehensive income is
kepentingan nonpengendali. allocated to the parent company and non-
controlling interests.

Bila pengendalian atas suatu entitas diperoleh Where control of an entity is obtained during
dalam periode berjalan, hasil usaha entitas a financial period, its results are included in the
tersebut dimasukkan dalam laba rugi konsolidasian consolidated income statement from the date on
sejak tanggal pengendalian diperoleh. Bila which control commences. Where control
pengendalian berakhir dalam periode berjalan, hasil ceases during a financial period, its results are
usaha entitas tersebut dimasukkan ke dalam included in the consolidated financial
laporan keuangan konsolidasian untuk periode statements for the part of the period during
dimana pengendalian masih berlangsung. which control existed.

Goodwill merupakan selisih lebih antara harga Goodwill represents the excess of the
perolehan dengan nilai wajar aset bersih yang acquisition cost over the fair value of the net
diperoleh pada tanggal akuisisi dan sehubungan assets acquired at the date of acquisition and in
dengan tambahan kepemilikan di anak perusahaan, respect of an increase in holding in a subsidiary
merupakan selisih lebih antara harga perolehan undertaking, the excess of the cost of
dengan nilai tercatat kepentingan nonpengendali acquisition and the carrying value of the
yang diakuisisi. Goodwill tidak diamortisasi. proportion of the non-controlling interests
acquired. Goodwill is not amortised.

Jika biaya perolehan akuisisi lebih rendah daripada If the cost of the acquisition is less than the
bagian nilai wajar aset bersih anak perusahaan yang acquirer's interest in the fair values of net assets
diakuisisi, selisihnya diakui dalam laba rugi acquired, the difference is recognised in the
konsolidasian. consolidated income statement.

Halaman - 15 - Page

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