Consolidated Statements of Income Key Performance Drivers
31 DECEMBER 09 Consolidated Statements of Income In Billion Rupiah 2009 2008 % Chg USD / IDR 9,400 10,950 -14% Revenue 98,526 97,064 2% Gross Profit 22,771 21,730 5% Operating Income 12,756 11,876 7% EBITDA 16,857 15,095 12% Other Income 1,079 1,083 0% Equity Income 2,567 2,404 7% Income Tax (3,958) (4,065) n.a Minority Interests (2,404) (2,107) n.a Net Income 10,040 9,191 9% Key Performance Drivers: • Wholesale car market declined by 20% yoy to 486,061 units while Astra car sales decreased by 12% yoy to 281,013 units. Wholesale motorcycle market dropped by 6% to 5,851,962 units, while Honda sales declined in line with the market to 2,701,278 units. • The contribution from Astra's consumer finance operations has increased mainly due to the growth in the loan books over the business cycle. • Agribusiness revenue decreased by 9% yoy due to fluctuation in crude palm oil prices. For the first time, CPO production achieved more than one million tons or 10% increased from last year. • Komatsu unit sales decreased by 28% from 4,345 units (2008) to 3,111 units (2009), However the negative effect on earnings was offset by higher revenues from parts and services. As the largest mining contractor in Indonesia, Pama benefited from continued expansion of coal production in Indonesia. During the period, coal extracted increased by 15% to 68 million tonnes and overburden removed rose by 35% to 597.9 million bcm.
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