Cost of goods Sold

Cost of goods Sold

Antam’s cost of goods sold increased by 26% to Rp7.32 trillion in 2011 from Rp5.81 trillion in 2010. Meanwhile, total production cost in 2011 reached Rp 7.65 trillion, or an increase of 32% compared to 2010’s production of Rp5.80 trillion. This increase was mainly due to an 89% increase in precious metal purchases from third parties at Rp2.68 trillion in 2011 inline with the growth demand. Precious metal purchases reached 35% of total production cost in 2011. The second largest cost is fuel consumption at Rp1.25 trillion in 2011 or 30% higher compared to Rp959.40 billion in 2010, or a 16% of total production cost in 2011.

oPerAtiNG eXPeNSeS

In 2011, Antam’s expenses reached Rp1.01 trillion, an increase of 5% compared to 2010 amount of Rp968.49 billion.

General and Administrative Expenses component reached 77% of operating expenses in 2011, wherein the increase in general and administrative expenses had a General and Administrative Expenses component reached 77% of operating expenses in 2011, wherein the increase in general and administrative expenses had a

general and administrative expenses was generated from bonus dan kesejahteraan karyawan, naik 33% dari tahun

salaries, wages, and employee bonuses, which increased by 2010, yang antara lain disebabkan adanya peningkatan gaji

33% from 2010 partly due to an increase in employee salaries berkala karyawan dan biaya imbalan kesehatan pasca-kerja.

and the cost of post-employment medical allowances.

Kenaikan beban penjualan dan pemasaran disebabkan The increase in sales expense and marketing was due to an adanya kenaikan biaya pengapalan dan asuransi sebesar

increase in shipping cost and insurance by 31% from Rp94.77 31% yaitu dari Rp94,77 milliar tahun 2010 menjadi Rp124,15

billion in 2010 to Rp124.15 billion. milliar di tahun 2011.

Beban Usaha | Operating Expenses

Uraian | Description

(Rp ‘000) (%) Beban Umum dan Administrasi

(Rp ‘000)

General and Administrative Expenses

783.757.736 7 Beban Penjualan dan Pemasaran

Selling and Marketing Expenses

133.786.186 28 Beban Eksplorasi

Exploration Expenses

LABA USAhA

oPerAtiNG iNCoMe

Laba Usaha adalah keuntungan yang diperoleh dari Operating Income is the profit from the core process of the proses utama kegiatan usaha perusahaan. Laba usaha

Company’s business activities. Antam’s operating income in Antam pada tahun 2011 tercatat naik 2% menjadi Rp2,01

2011 increased 2% to Rp2.01 trillion from Rp1.97 trillion in 2010. triliun dibandingkan Rp1,97 triliun di tahun 2010.

Laba (Rugi) Usaha per Segmen | Operating Income (Loss) per Segment

(%) Nikel | Nickel

Segmen | Segment

2.153.526.814 (9) Emas & Pemurnian | Gold & Refinery

6 Lain-lain | Others

2011 ANNUAL REPORT | Perusahaan Perseroan (Persero) PT Aneka Tambang Tbk Investing Today Benefiting Tomorrow

Interview

t How would you summarize the company’s financial

Bagaimana Bapak menggambarkan kinerja perusahaan pada

Q performance in 2011?

tahun 2011?

J Overall, I felt that overall the company performed well in terms of

Secara keseluruhan kinerja perusahaan cukup baik khususnya

A its financial achievements. Our income for the year attributable

kinerja keuangan. Laba tahun berjalan yang dapat diatribusikan

kepada pemilik entitas induk meningkat sebesar 14,5% dari Rp1,68 to owners of the parent increased by 14.5% from Rp1.68 trillion to triliun menjadi Rp1,93 triliun. Kami bangga Antam tetap mampu

Rp1.93 trillion. I am pleased the company remained profitable despite memperoleh laba di tengah tantangan ekonomi yang kurang baik

the challenging market conditions in both Europe and the United terutama di Eropa dan Amerika Serikat pada tahun 2011.

States throughout 2011.

Kami berhasil memenuhi target penjualan yang telah ditetapkan, yang We were able to meet all of our sales targets, based on higher didukung harga komoditas yang lebih tinggi, sehingga penjualan bersih

commodity prices, net sales increased by 18% to Rp10.35 trillion. Our meningkat sebesar 18% menjadi Rp10,35 triliun. Beban pokok penjualan

cost of goods sold subsequently increased 26% to Rp3 trillion following meningkat 26% menjadi Rp3 trilliun seiring terjadinya peningkatan produksi

higher production of ferronickel, nickel ore, and gold, as well as higher pada komoditas feronikel, bijih nikel, dan emas, serta meningkatnya biaya

contract mining costs in line with increased nickel ore exports. We kontraktor penambangan menyusul kenaikan ekspor bijih nikel. Kami juga