
Last Updated : 2018-07-18
A. | ADDRESS | |||||||||||||||||||||||||
Head Office | : | Tol Plaza Taman Mini Indonesia Indah Jakarta 13550 Indonesia Phone : (021) 841-3630, 841-3526 Fax : (021) 841-3540/1533 Email : jasmar@jasamarga.com HTTP : www.jasamarga.com |
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B. | BUSINESS | : | Tollroad-Planning, Building, Operating & Maintenance | |||||||||||||||||||||||
Sector Code | : | 72 | ||||||||||||||||||||||||
Sector Name | : | Toll Road, Airport, Harbor and Allied Products | ||||||||||||||||||||||||
C. | COMPANY STATUS | : | PMDN | |||||||||||||||||||||||
D. | FOUNDATION DATE | : | 01-03-1978 | |||||||||||||||||||||||
Brief of Company Background | ||||||||||||||||||||||||||
To support the economic growth, Indonesia needs reliable road network. Based on Government Regulation No. 04 of 1978, the Government established PT Jasa Marga (Persero) Tbk. on 01 March 1978 with the main task to plan, build, operate and maintain toll roads along with the facilities so that toll roads are able to function as highway providing more benefits compared to the non-toll roads.
At an earlier stage of its establishment, besides functioning as operator, the Company also had the responsibility of toll road authority in the country. Until 1987, Jasa Marga was the only toll road operator in Indonesia and its development is financed by the Government with fund deriving from foreign loan and the issuance of Jasa Marga bonds. As the country’s first toll road operated by the Company, Jagorawi (Jakarta-Bogor-Ciawi) Toll Road that is operated since 1978 serves as the milestone in the development of toll road industry in Indonesia.
At the end of the 80s, the Government of Indonesia began to include private sectors to participate in toll road development through the Build, Operate and Transfer (BOT) mechanism. In the 90s, the Company’s role is more on the authority, facilitating private investors most of whom failed to realize their project. The toll roads that were taken over by the Company include JORR and Cipularang.
The issuance of Law No. 38 of 2004 on Road replacing Law No. 13 of 1980, along with the issuance of Government Regulation No. 15 giving more specific regulations on toll roads have brought changes in toll road business mechanism, which among others include the forming of the Indonesian Toll Road Authority (Badan Pengatur Jalan Tol – BPJT) as the regulator of toll road industry in Indonesia, as well as the decision of toll tariff by the Minister of Public Works along with the adjustment every two years. Therefore, the authorization function is given back from the Company to the Government. Consequently, the Company fully functions as a toll road operator and developer that requires concession license from the Government. |
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E. | SHAREHOLDER LIST | |||||||||||||||||||||||||
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F. | FINANCIAL STATEMENT | |||||||||||||||||||||||||
Fiscal Year Ends | : | December | ||||||||||||||||||||||||
(In Million Rupiah except Par Value, Per Share Data and Ratios) | ||||||||||||||||||||||||||
Statement Date | : | 2020-09-30(IDR) | 2019-12-31(IDR) | 2018-12-31(IDR) | 2017-12-31(IDR) | |||||||||||||||||||||
Balance Sheet | ||||||||||||||||||||||||||
Cash & Cash Equivalents | : | 5,044,150 | 4,341,601 | 5,942,954 | 6,873,021 | |||||||||||||||||||||
Curr. Assets | : | 11,087,640 | 11,612,566 | 11,629,996 | 18,987,065 | |||||||||||||||||||||
Fixed Assets | : | 92,379,786 | 88,067,004 | 70,788,607 | 60,205,708 | |||||||||||||||||||||
Total Assets | : | 103,467,426 | 99,679,570 | 82,418,603 | 79,192,773 | |||||||||||||||||||||
Curr. Liabilities | : | 22,730,905 | 41,526,417 | 31,081,475 | 24,997,940 | |||||||||||||||||||||
Long Term Debt | : | 56,624,003 | 34,967,416 | 31,138,139 | 35,835,393 | |||||||||||||||||||||
Minority Interest | : | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Total Liabilities | : | 79,354,908 | 76,493,833 | 62,219,614 | 60,833,333 | |||||||||||||||||||||
Paid-Up Capital | : | 7,258 | 7,258 | 7,258 | 7,258 | |||||||||||||||||||||
Total Equity | : | 24,112,518 | 23,185,737 | 20,198,989 | 18,359,440 | |||||||||||||||||||||
Income Statement | ||||||||||||||||||||||||||
Total Sales | : | 10,547,116 | 26,345,260 | 36,974,075 | 35,092,196 | |||||||||||||||||||||
Gross Profit | : | 3,905,069 | 6,444,643 | 5,917,510 | 5,307,887 | |||||||||||||||||||||
Operating Profit | : | 3,387,531 | 5,857,262 | 5,415,228 | 4,648,080 | |||||||||||||||||||||
Net Income | : | -219,656 | 2,073,888 | 2,036,493 | 1,988,011 | |||||||||||||||||||||
Cash Flow Statement | ||||||||||||||||||||||||||
Cash from Operating Act | : | 1,295,776 | 3,404,523 | 909,827 | 4,356,186 | |||||||||||||||||||||
Cash from Investing Act | : | -18,974,175 | -15,914,544 | -7,178,665 | -12,678,338 | |||||||||||||||||||||
Cash from Financing Act | : | 18,380,949 | 10,983,412 | 6,214,149 | 11,185,413 | |||||||||||||||||||||
Per Share Data (in IDR) | ||||||||||||||||||||||||||
EPS | : | -40.35 | 285.74 | 280.59 | 273.91 | |||||||||||||||||||||
Book Value | : | 3,322.26 | 3,194.56 | 2,783.05 | 2,529.59 | |||||||||||||||||||||
Financial Ratios | ||||||||||||||||||||||||||
Der | : | 3.29 | 3.30 | 3.08 | 3.31 | |||||||||||||||||||||
Roa | : | -0.00 | 0.02 | 0.02 | 0.03 | |||||||||||||||||||||
Roe | : | -0.01 | 0.09 | 0.10 | 0.11 | |||||||||||||||||||||
Npm | : | -0.02 | 0.08 | 0.06 | 0.06 | |||||||||||||||||||||
Opm | : | 0.32 | 0.22 | 0.15 | 0.13 | |||||||||||||||||||||
Growth Year to Year | ||||||||||||||||||||||||||
Sales (%) | : | 24.56 | -40.34 | 5.09 | 52.52 | |||||||||||||||||||||
NetIncome (%) | : | 744.27 | 1.80 | 2.38 | 10.93 | |||||||||||||||||||||
Total Assets (%) | : | 8.89 | 17.32 | 3.91 | 32.44 | |||||||||||||||||||||
Total Liabilities (%) | : | 9.27 | 18.66 | 2.23 | 38.91 |
G. | MANAGEMENT | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commissioners | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
President | : | Reffly Harun, S.H, M.H, LL.M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vice President | : | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commissioners | : | Dr. Muhammad Sapta Murti, S.H., M.A., M.Kn; Dr. Boediarso Teguh Widodo, M.E; Sugihardjo; Ir. Agus Suharyono; Sigit Widyawan, S.E, M. Ak (Independent) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Directors | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
President | : | Ir. Desi Arryani, M.M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vice President | : | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Directors | : | Donny Arsal; Adrian Priohutomo; Mohammad Sofyan; Subakti Syukur; Kushartanto Koeswiranto | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Audit Committee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
President | : | Vicentius Sony Loho | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Vice President | : | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Audit Committee | : | Boediarso Teguh Widodo; Teguh Indra Prastiyo; Agita Widjajanto | ||||||||||||||||||||||||||||||||||||||||||||||||||||
H. | LISTING HISTORY | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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I. | UNDERWRITERS | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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J. | SHARE REGISTER | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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K. | CASH DIVIDEND HISTORY | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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