Arpeni Pratama Ocean Line Tbk APOL

Company Report : July 2007 As of 31 July 2007

Main Board Individual Index : 249.600
Industry Sector : Infrastructure, Utilities & Transportation (7) Listed Shares : 2,998,604,000
Industry Sub-Sector : Transportation (74) Market Capitalization : 2,338,911,120,000

Company History Dividend Announcement

Established Date : 04-October-1975 Bonus Cash Cum Ex Recording Payment
F/I
Listing Date : 22-June-2005 Year Shares Dividend Date Date Date Date
Under Writer IPO : 2005 15.00 08-May-06 09-May-06 11-May-06 24-May-06 F
PT Mandiri Sekuritas
PT DBS Vickers Securities Indonesia Issued History
Securities Administration Bureau : Listing Trading
PT Datindo Entrycom Type of Listing Shares Date Date
Wisma Dinners Club Annex 1. First Issue 500,000,000 22-Jun-05 22-Jun-05
Jl. Jend. Sudirman Kav. 34 - 35 Jakarta 10220 2. Company Listing 999,302,000 22-Jun-05 22-Feb-06
Phone : 570-9009 3. Stock Split 1,499,302,000 24-Nov-06 24-Nov-06
Fax : 570-9026 - 28

Shareholders (July 2007)

1. PT Mandira Sanni Pratama 919,750,240 30.67%
2. PT Mandira Sanni Pratama S/A PT Ayrus 630,853,760 21.04%
3. Mellon S/A Cundill Recovery FD 290,000,000 9.67%
4. DEG-Deutsche Investitions-U E 260,000,000 8.67%

Board of Commissioners
1. Muchamad Syafei
2. Sasongko Soedarjo *)
*) Independent Commissioners

Board of Directors
1. Oentoro Surya
2. Andy Arifin Mallian
3. Ateng Suhendra
4. Fida Unidjaja
5. Pieter Adamy Setyo
6. Ronald Nangoi

Audit Committee
1. Sasongko Soedarjo
2. Margyanto Gunawan Widjaja
3. Sandy Lukito

Corporate Secretary
Ronald Nangoi

Head Office:
Wisma BSG, 7th Fl. Jl. Abdul Muis No. 40
Jakarta - 10160
Phone : (021) 350-5350
Fax : (021) 350-5440

Homepage : www.apol.co.id
Email : corpsec@apol.co.id

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Arpeni Pratama Ocean Line Tbk APOL
Trading Activities
Composite Composite Index and Infrastructure Index Sectoral
June 2005 - July 2007 Stock Price Volume Value
Index Index
Month High Low Close Freq. (Thou.) (Rp Mill.) Day
2,700 960
Jun05 710 650 680 1,990 148,348 100,723 7
2,250 800 Jul05 710 660 700 1,246 72,834 49,301 21
Aug05 710 590 630 1,945 128,988 84,919 22
1,800 640 Sep05 670 620 670 612 32,339 20,852 21
Oct05 760 650 750 1,423 67,384 47,967 21
1,350 480 Nov05 840 740 810 742 50,605 39,771 17
Composite Stock Price Index
Dec05 840 790 830 390 18,679 15,169 20
900 320 Jan00 - - - - - - -
Infrastructure Index
Jan06 870 790 810 856 35,727 29,593 20
450 160
Feb06 1,270 810 1,220 5,809 167,434 186,157 20
Mar06 1,620 1,180 1,570 3,573 69,092 96,321 21
- -
Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07
Apr06 1,630 1,430 1,540 2,992 52,070 80,397 18
May06 1,770 1,300 1,360 5,470 115,937 186,440 21
Jun06 1,390 1,210 1,270 885 26,529 33,671 22
Jul06 1,440 1,270 1,350 2,924 69,299 93,640 21
Closing Closing Price and Trading Volume Volume
Aug06 1,620 1,340 1,530 4,175 657,777 902,951 20
Price*) June 2005 - July 2007 (Mill. Shares)
Sep06 1,620 1,520 1,580 1,630 41,365 65,916 21
960 420
Oct06 1,590 1,460 1,520 850 22,039 34,181 17
800 350
Nov06 1,570 670 670 1,814 100,771 105,453 22
Dec06 690 620 640 1,145 37,185 24,511 19
640 280 Jan00 - - - - - - -
Jan07 690 500 550 1,425 41,779 25,589 22
480 210 Feb07 710 550 660 2,925 118,535 78,305 20
Mar07 670 590 590 1,410 72,937 46,087 21
320 140 Apr07 720 600 680 2,278 134,713 90,770 20
May07 770 680 750 1,927 108,910 80,293 21
160 70
Jun07 860 740 810 1,482 68,992 55,467 20
Jul07 840 750 780 783 42,718 34,053 22
- -
Aug07 - - - - - - -
Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07
Sep07 - - - - - - -
Oct07 - - - - - - -
Nov07 - - - - - - -
Closing Closing Price and Infrastructure Index Sectoral
Dec07 - - - - - - -
Price*) June 2005 - July 2007 Index
Jan00 - - - - - - -
960 960
Jan08 - - - - - - -
800 800
Feb08 - - - - - - -
Mar08 - - - - - - -
640 640 Apr08 - - - - - - -
May08 - - - - - - -
480 480 Jun08 - - - - - - -
Jul08 - - - - - - -
320 320 Aug08 - - - - - - -
Closing Price
Infrastructure Index Sep08 - - - - - - -
160 160 Oct08 - - - - - - -
Nov08 - - - - - - -
- -
Dec08 - - - - - - -
Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07
Jan00 - - - - - - -
Jan09 - - - - - - -
Shares Traded 2003 2004 2005 2006 Jul 07 Feb09 - - - - - - -
Volume (Thou.) 0 0 519,175 1,395,223 588,581 Mar09 - - - - - - -
Value (Million) 0 0 358,702 1,839,230 410,564 Apr09 - - - - - - -
Frequency (X) 0 0 8,348 32,123 12,230 May09 - - - - - - -
Days 0 0 128 241 146 Jun09 - - - - - - -
Jul09 - - - - - - -
Price (Rupiah) Aug09 - - - - - - -
High 0 0 840 1,770 860 Sep09 - - - - - - -
Low 0 0 590 620 500 Oct09 - - - - - - -
Close 0 0 830 640 780 Nov09 - - - - - - -
Close * 0 0 415 640 780 Dec09 - - - - - - -
Jan00 - - - - - - -
PER (X) 0.00 0.00 7.38 9.89 14.60 Jan10 - - - - - - -
PER Industry (X) 0.00 0.00 9.98 26.05 35.84 Feb10 - - - - - - -
PBV (X) 0.00 0.00 1.11 1.52 1.74 Mar10 - - - - - - -
Apr10 - - - - - - -
*) Adjusted price after corporate action

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Arpeni Pratama Ocean Line Tbk APOL
Financial Data and Ratios
Public Accountant : Purwantono, Sarwoko & Sandjaja (Ernst & Young) Book End : December

BALANCE SHEET Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Jun-07

Assets and Liabilities
(Million Rp except Par Value) (Trillion Rp)
Cash & Cash Equivalents 49,775 65,640 187,060 170,375 266,336 389,531 5.00
Accounts Receivable 236,206 268,484 230,905 444,304 721,535 980,651 Assets Liabilities
4.00

Inventories 5,011 6,590 7,577 16,401 44,750 37,976

Current Assets 298,108 346,808 434,972 648,489 1,258,972 1,590,864 3.00

Fixed Assets 843,628 974,639 943,522 1,842,543 2,161,760 2,009,654

2.00
Other Assets 18,899 23,621 62,732 108,074 224,349 337,075
Total Assets 1,174,645 1,362,788 1,513,768 2,669,279 3,702,989 4,004,549
1.00
Growth (%) 16.02% 11.08% 76.33% 38.73% 8.14%
-
Current Liabilities 297,777 277,935 295,069 533,312 614,787 657,953 2002 2003 2004 2005 2006 Jun-07
Long Term Liabilities 370,787 564,758 581,943 1,009,775 1,817,331 1,993,075
Total Liabilities 668,564 842,694 877,012 1,543,087 2,432,118 2,651,027
Growth (%) 26.05% 4.07% 75.95% 57.61% 9.00% Total Equity
(Trillion Rp)
1.34
Minority Interest 72 159 893 5,639 10,027 9,620 1.34 1.26
Authorized Capital 200,000 200,000 1,000,000 1,000,000 1,000,000 1,000,000 1.12

Paid up Capital 155,651 155,651 499,651 749,651 749,651 749,651 1.08

Paid up Capital (Shares) 156 156 500 1,499 2,999 2,999

0.81

Par Value 1,000 1,000 1,000 500 250 250 0.64

0.52
Retained Earnings 172,929 194,963 12,279 176,895 348,356 428,428 0.54
0.51

Total Equity 506,009 519,936 635,863 1,120,553 1,260,843 1,343,902

Growth (%) 2.75% 22.30% 76.23% 12.52% 6.59% 0.27

INCOME STATEMENTS (Million Rp) 2002 2003 2004 2005 2006 Jun-07
Total Revenues 579,880 594,147 845,867 1,167,938 1,354,568 691,816
Growth (%) 2.46% 42.37% 38.08% 15.98%
Total Revenues
Expenses 428,729 443,852 588,819 781,825 945,280 487,462 (Trillion Rp)
Gross Profit 151,150 150,295 257,048 386,113 409,288 204,354 1.35
Operating Expenses 50,506 60,804 75,936 91,835 94,923 52,628
1.35

1.17
Operating Profit 378,224 383,048 512,883 294,278 314,365 151,726 1.08

Growth (%) 1.28% 33.90% -42.62% 6.83% 0.85

0.81
0.69
Other Income (Expenses) -51,913 -55,359 -81,823 -104,978 -96,544 -61,901 0.58 0.59

Income before Tax -1,407 5,445 -5,887 189,300 217,821 89,825 0.54

Tax 7,565 5,897 10,410 16,720 19,644 10,159

-4 -37 -734 -4,182 -4,227 407
0.27

Minority Interest
Net Income -44,352 -49,499 -72,147 168,720 193,950 80,072 -

Growth (%) -11.60% -45.75% N/A 14.95% 2002 2003 2004 2005 2006 Jun-07

RATIOS
Current Ratio (%) 100.11 124.78 147.41 121.60 204.78 241.79 Total Income
(Billion Rp)
Dividend (Rp) - - - 15.00 - -
194
EPS (Rp) (284.95) (318.01) (144.39) 112.53 64.68 26.70 193.95
169
BV (Rp) 3,250.92 3,340.39 1,272.62 747.38 420.48 448.18
DAR (X) 0.57 0.62 0.58 0.58 0.66 0.66 140.73

DER(X) 1.32 1.62 1.38 1.38 1.93 1.97

80
ROA (%) (0.12) 0.40 (0.39) 7.09 5.88 2.24 87.51

ROE (%) (0.28) 1.05 (0.93) 16.89 17.28 6.68

34.29

GPM (%) 26.07 25.30 30.39 33.06 30.22 29.54

OPM (%) 65.22 64.47 60.63 25.20 23.21 21.93 (18.93)
2002 2003 2004 2005 2006 Jun-07
NPM (%) (7.65) (8.33) (8.53) 14.45 14.32 11.57
Payout Ratio (%) - - - 13.33 - - (72.15)
(44) (49)
(72)
Yield (%) - - - 1.81 - -

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The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of the
institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by any person
relied upon as the basis for taking any action or making any decision. The Jakarta Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice action taken or
decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
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