AR WIM 2014 Lowres Lap Keuangan
DECISION MAKER control and
supervision mechanism
problem solving
with cooperative
DON’T BLAME THE
OTHERS Proactive/
Initiative
BUILDER
WISMILAK
PT Wismilak Inti Makmur, Tbk
2014 Annual Report
Laporan Tahunan 2014
Preserving
Sustainable Growth
Menjaga Pertumbuhan Berkelanjutan
Reaching
Success Together
Open Mind
Efficient
COOPERATION visionary
capability
The Next Process is Our Customer
Speak With Data
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PT Wismilak Inti Makmur Tbk (WIM) is a renown Indonesian cigarette industry that was established in 1963 by Lie Koen Lie, Tjio Ing Hien, Tjio Ing Hwa, Oei Bian Hok and Sie Po Nio in 1963. On December 18, 2012, Wismilak was turned into a public company.
Since going public, Wismilak has grown at an average rate of 5.08% (CAGR, based on total assets). At the end of 2014, Wismilak had 3
subsidiaries, 5 factories, 19 branch ofices, 5
stock points, 5 Hand-rolled Cigarette brands, 3 Machine-rolled Cigarette brands, and retained more than 4,000 employees. 2014 has become a year of maintaining growth momentum.
PT Wismilak Inti Makmur Tbk (Wismilak) merupakan industri rokok terkemuka Indonesia yang didirikan oleh Lie Koen Lie, Tjioe Ing Hien, Tjioe Ing Hwa, Oei Bian Hok dan Sie Po Nio pada tahun 1963. Pada 18 Desember 2012, Wismilak menjadi perusahaan terbuka.
Sejak go public, Wismilak tumbuh rata-rata 5,08% (CAGR, berdasarkan total aset). Pada akhir tahun 2014, Wismilak memiliki 3 anak perusahaan, 5 pabrik, 19 kantor cabang, 5 stock point, 5 merek Sigaret Kretek Tangan, 3 merek Sigaret Kretek Mesin, dan mempekerjakan lebih dari 4.000 karyawan. Tahun 2014 menjadi tahun menjaga momentum pertumbuhan.
About Wismilak
Tentang Wismilak
Pada tahun 2014 terjadi panen raya tembakau dan cengkeh yang dimanfaatkan Wismilak untuk memperkuat landasan pertumbuhan berkelanjutan.
Rich tobacco and clove harvest marked 2014 and Wismilak took advantage of the abundant produce to strengthen its sustainable growth base.
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Table of
Contents
Financial Highlights 4
Share Information 6
Decisions of the General Meeting of Shareholders 8
Report of the Board of Commissioners 12
Report of the Board of Directors 16
Highlights of 2014 22
Company Proile 24
Corporate Data 32
Company Milestones 34
Business Activity 34
Vision & Mission 35
Organizational Structure 36 Board of Commissoners’ Proile 37 Board of Directors’ Proile 38
Human Resources 40
Information About Shareholders 44
Ownership of Subsidiaries 45
Listing Chronology 45
Capital Market Support 46 Awards and Certiications 47
Management Discussion and Analysis 48
Introduction 50
Review of Operational Segments 52
Comprehensive Financial Performance Analysis 54
Solvability 57
Collectibility 58
Capital Structure 58
Material Commitments for Capital Good Investments 59
Material Information and Facts After Auditor’s Report 59
Business Prospect 60
Targets : Results Comparison 60
Marketing Strategy 61
Dividends 62
Use of Proceeds from Public Offering 64
Other Material Information 64
Changes in Rules & Regulations 65
Changes in Accountancy Policy 65
Corporate Governance 66
Introduction 68
Corporate Values 69
Board of Commissioners 72
Board of Directors 74
Joint Meetings 77
Audit Committee 77
Corporate Secretary 80
Internal Audit Unit 81
Internal Control System 83
Risk Management System 84
Material Legal Cases 87
Code of Conduct 87
Employee Stock Allocation 88
Whistleblowing System 88
Corporate Social Responsibility 90
Introduction 92
Environment 94
Manpower Practices and Work Health & Safety Management 96
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Financial Highlights of 2014
Ikhtisar Data Keuangan Penting Tahun 2014
1.119.062 304.641 77.302 77.202 100 77.302 77.202 100 IDR/Rp 50,71 1.588.022 469.585 132.322 132.148 174 132.379 132.205 174 IDR/Rp 62,93 1.661.533 483.815 112.305 112.155 150 112.748 112.597 150 IDR/Rp 53.41
2014
2013
2012
( in million IDR / dalam juta Rp )
CAGR 2012-2014: 26,02% Growth / Pertumbuhan
2013-2014: 3,03% 100 0 200 300 400 500 600 Gross Proit Laba Bruto
( in b
illio n I D R / d a la m m ili a r Rp )
2012 2013 2014
470
484
305
CAGR 2012-2014: 20,77% Growth / Pertumbuhan
2013-2014: -14,84% 100 0 200 300 400 500 600 Comprehensive Proit Laba Komprehensif
( in b
illio n I D R / d a la m m ili a r Rp )
2012 2013 2014
132
113
77
CAGR 2012-2014: 21,85% Growth / Pertumbuhan
2013-2014: 4,63% Sales
Pendapatan
( in b
illio n I D R / d a la m m ili a r Rp ) 2012 500 0 1000 1500 2000 2500 3000 2013 2014
1.588 1.662
1.119
4PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Pendapatan
Laba Bruto
Laba
Laba Yang Diatribusikan Kepada Pemilik Entitas Induk
Laba Yang Diatribusikan Kepada Kepentingan Non Pengendali
Laba Komprehensif
Laba Komprehensif Yang Diatribusikan Kepada Pemilik Entitas Induk
Laba Komprehensif Yang Diatribusikan Kepada Kepentingan Non Pengendali
Laba Per Saham
Net Sales
Gross Proit Proit
Proit Attributable To Owners Of The Parent Entity Proit Attributable To Non-Controlling Interest Comprehensive Proit
Comprehensive Proit Attributable to Owners of the Parent Entity Comprehensive Proit Attributable to Non-Controlling Interest Earnings Per Share
Description Uraian
Statement of Comprehensive Income
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R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14
( in million IDR / dalam juta Rp )
Balance Sheet Information
Informasi Neraca
Description
Uraian 2014 2013 2012
Total Assets Jumlah Aset Total Liabilities Jumlah Liabilitas
EquityJumlah Ekuitas
1.332.908 478.483 854.425 1.229.011 447.652 781.359 1.207.251 550.947 656.304 Current Ratio Rasio Lancar 0.5 1.0 1.5 2.0 2.5 3.0 2,43 2,27 2,06
Return on Asset Laba/Jumlah Aset 2012 1% 0 2% 3% 4% 5% 6% 7% 8% 9% 10% 2013 2014 10,86% 8,77% 7,94% Liabilities/Equity Liabilitas/Ekuitas 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8
Return on Equity Laba/Ekuitas 2012 5% 0 10% 15% 20% 25% 30% 2013 2014 18,41% 13,73% 16,44% Liabilities/Total Assets Liabilitas/Jumlah Aset Net Income Margin Marjin Laba Bersih
2012 2013 2014
1% 0 2% 3% 4% 5% 6% 7% 8% 9% 10% 8,33% 6,76% 6,91% 0,57 0,56 0,84 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0,36 0,36 0,46
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Share Information for 2014
Informasi Saham 2014
Share Price
Harga Saham
Share Price Movement, 2014
Pergerakan Harga Saham tahun 2014
Quarter
Triwulan
Jan ‘14 0 500 800
400 300 200 100 900
700 600
Apr ‘14 Sep ‘14
Feb ‘14 Mar ‘14 May ‘14 Jun ‘14 Jul ‘14 Aug ‘14 Oct ‘14 Nov ‘14 Dec ‘14
2,099
Million
IDR
Total Outstanding Shares 2014 & 2013 Jumlah Saham Beredar
2014 & 2013
Market Capitalization in 2014 Kapitalisasi Pasar 2014
Market Capitalization in 2013 Kapitalisasi Pasar 2013
1,311
1,406
Billion
Billion
IDR
IDR
( in millions of shares / dalam juta lembar saham ) Quarter 1
Quarter 2 Quarter 3 Quarter 4
Triwulan 1 Triwulan 2 Triwulan 3 Triwulan 4
860 755 630 640
1060 1060 870 820
615 580 510 510
670 780 500 640
740 610 550 625
1020 830 690 670
2014 2013
Highest
Tertinggi
Highest
Tertinggi
Lowest
Terendah
Lowest
Terendah
Closing
Penutupan
Closing
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Trading Volume
Volume Perdagangan
Share Price Movement, 2013
Pergerakan Harga Saham tahun 2013 Quarter
Triwulan
600
400 800 1.000 1.200
The good tobacco harvest has not only produced larger volume of tobacco leaves but also improved the quality of
Wismilak’s raw material stock.
Panen raya tembakau bukan hanya menghasilkan daun tembakau dalam jumlah yang banyak, melainkan juga meningkatkan kualitas persediaan bahan
baku Wismilak.
Quality
Harvest
Panen Bermutu
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Triwulan 1 Triwulan 2 Triwulan 3 Triwulan 4
112,307,200.00 108,109,700.00 62,771,200.00 33,593,900.00
612,059,000.00 342,589,000.00 85,748,000.00 46,708,000.00
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Decisions of The General Meeting of Shareholders
Keputusan Rapat Umum Pemegang Saham
Agenda I:
1. Accepting the Annual Report of the Company for the reporting period of
2013 and oficiating the Company’s
Consolidated Financial Statements for
iscal year 2013 that was audited by
the Public Accountant Firm Kosasih, Nurdiyaman, Tjahjo & Rekan (Crow Horwath) with the judgement of “fair, in all material aspects” as noted in the Independent Auditor Report Number: KNT&R-0109/14 dated 14 March 2014, as well as the Supervision Report of the Board of Commissioners; and
2. Granting the status of acquit et decharge to the members of the Board of Directors and the Board of Commissioners of the Company for the acts of management and supervision that were conducted during the reporting period of 2013, as long as those actions are represented in the Company’s Consolidated Financial Report, except for acts of embezzlement, fraud, and other types of criminal acts.
Agenda II:
Approve the use of the Company’s net income atributable to equity owners of the
parent company for the iscal year that
ended on 31 December 2013 at the amount of IDR132,148,244,665 with the following arrangement:
a. (i) Distributed as inal cash dividend at
the amount of IDR 39,687,614,064 or IDR18.9 per share to the Company’s shareholders whose names are listed in the Company’s List of Shareholders (Recording Date) on 20 June 2014 at 16.00 Western Indonesia Time
(ii) Authorizing the Company’s Board of Directors to execute the cash dividend distribution and to take all necessary actions. The cash dividend payment
Acara Rapat I:
1. Menyetujui Laporan Tahunan Perseroan Tahun Buku 2013 dan mengesahkan Laporan Keuangan Konsolidasian Perseroan Tahun Buku 2013 yang telah diaudit Kantor Akuntan Publik Kosasih, Nurdiyaman, Tjahjo & Rekan (Crow Horwath) dengan pendapat “wajar, dalam semua hal material" sebagaimana dimuat dalam Laporan Auditor
Independen nomer: KNT&R-0109/14 tertanggal 14 Maret 2014, serta Laporan Tugas Pengawasan Dewan Komisaris; dan
2. Memberikan pembebasan tanggung jawab sepenuhnya (acquit et decharge) kepada semua anggota Direksi dan Dewan Komisaris Perseroan atas tindakan pengurusan dan tindakan pengawasan yang telah mereka lakukan selama tahun buku 2013, sejauh tindakan-tindakan tersebut tercermin dalam Laporan Keuangan Konsolidasian Perseroan, kecuali untuk perbuatan penggelapan, penipuan dan tindak pidana lainnya.
Acara Rapat II:
Menyetujui penggunaan laba bersih Perseroan yang dapat diatribusikan kepada pemilik entitas induk untuk tahun buku yang berakhir pada tanggal 31 Desember 2013 sejumlah Rp132.148.244.665,- untuk hal-hal sebagai berikut:
a. (i) Dibagikan sebagai dividen inal tunai sebesar Rp 39.687.614.064,- atau sebesar Rp18,9 per lembar saham kepada para pemegang saham
Perseroan yang namanya tercatat dalam Daftar Pemegang Saham Perseroan (Recording Date) pada tanggal 20 Juni 2014 pukul 16.00 WIB
(ii) Memberikan wewenang kepada Direksi Perseroan untuk melaksanakan pembagian dividen tunai tersebut dan untuk melakukan semua tindakan yang
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
diperlukan. Pembayaran dividen tunai akan dilakukan dengan memperhatikan ketentuan pajak, Bursa Efek Indonesia dan ketentuan pasar modal yang berlaku; b. Menetapkan Cadangan khusus
sesuai Pasal 70 UU No.40 tahun 2007 tentang Perseroan Terbatas sejumlah Rp2.000.000.000,- ;
c. Sisanya dicatat sebagai Laba Ditahan Perseroan yang belum ditentukan penggunaannya.
Acara Rapat III:
1. Memberikan kuasa kepada Dewan Komisaris Perseroan untuk menetapkan remunerasi, fasilitas dan tunjangan bagi anggota Direksi Perseroan; dan
2. Memberikan kuasa kepada Komisaris Utama untuk menentukan dan
menetapkan honorarium anggota Dewan Komisaris Perseroan.
Acara Rapat IV:
Memberikan wewenang kepada Direksi Perseroan, dengan persetujuan Dewan Komisaris, untuk menunjuk kantor akuntan publik yang terdaftar di Otoritas Jasa Keuangan untuk melakukan audit laporan keuangan Perseroan untuk tahun buku 2014, dan memberikan kewenangan kepada Direksi Perseroan untuk menetapkan jumlah honorarium dan persyaratan lainnya sehubungan dengan penunjukan kantor akuntan publik tersebut.
Acara Rapat V:
Tetap melanjutkan sisa penggunaan dana hasil penawaran umum perdana saham sesuai peruntukannya dalam prospektus.
will be conducted in accordance to tax, Indonesia Stock Exchange, and prevailing capital market regulations;
b. Setting aside a sum of IDR 2,000,000,000 as retained earnings-appropriated in compliance with Article 70 of Law No. 40 Year 2007 on Limited Liabilities Companies;
c. Record the balance as Unappropriated Retained Earnings of the Company.
Agenda III:
1. Authorizing the Board of Commissioners
of the Company to deine the
remunerations, facilities, and allowances of the members of the Board of
Directors; and
2. Authorizing the President Commissioner
to deine the honorarium of
the members of the Board of Commissioners.
Agenda IV:
Authorizing the Board of Directors of the Company, with the Board of Commissioners' approval, to appoint a public accountant
irm that is registered by the Financial
Services Authority to conduct the auditing of
the inancial reports of the Company for the
reporting period of 2014, and authorizing the
Board of Directors of the Company to deine
the honorarium and other terms related to the appointment of the public accountant
irm.
Agenda V:
Continue to use proceeds of the initial public
offering of the Company’s shares as deined
in the prospectus.
R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14
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Report to
Shareholders
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12
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Report of the Board
of Commissioners
Laporan Dewan Komisaris
“Growth in sales
and proitability
remained on track
while the business
grew sustainably:
Wismilak has upheld
its sustainable growth
policy and was able
to strengthen its
long-term growth
foundation”
“Pertumbuhan penjualan
dan proitabilitas pada
jalur yang tepat sementara
usaha tumbuh secara
berkelanjutan: Wismilak
mempertahankan garis
kebijakan pertumbuhan
berkelanjutan dan mampu
mengokohkan landasan
pertumbuhan jangka
panjang”
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Dear Shareholders,
As we now know, several important events
inluenced the business environment of 2014. Indirect inluences on Wismilak’s business included
the General Election and the Presidential Election of the Republic of Indonesia, and also the decrease
of global oil prices inluenced. However, there were also events that directly inluenced Wismilak’s
business, such as good harvests at tobacco and clove plantations.
Facing this dynamic external environment, Wismilak was expected to maintain a sharp vision, to increase capabilities to overcoming obstacles and taking advantage of the opportunities.
With this background, the Board of Commissioners is pleased to report that Wismilak has not only upheld its sustainable growth policy in 2014, but also strengthened the foundation for long-term growth. Particularly, the Board of Commisioners
speciically appreciates the efforts of enhancing
Wismilak brands’ equity and the continuous modernization efforts.
Performance of the Board of Directors
These achievements were obviously tied to the Board of Directors’ ability in charting the course of growth and maintaining a steady hand on the company’s business. In 2014 we experienced steady sales and
quarterly proitability growth and at the same time
the Board of Directors has put a solid framework for the next year.
The Board of Directors has also handled market opportunities wisely, improving sales in the HC
segment to enhance Wismilak’s proitability, and
launching new variants in the MC segment to strengthen existing brands.
Furthermore, the Board of Directors overcame
challenges to optimize beneits of the good harvest,
so that inventories increased by a sizeable number,
Para Pemegang Saham yang Terhormat,
Seperti kita ketahui bersama, tahun 2014 diwarnai peristiwa penting yang berpengaruh dalam
lingkungan usaha. Pemilihan Umum serta Pemilihan Presiden dan Wakil Presiden RI, serta menurunnya harga minyak dunia, berpengaruh secara tidak langsung terhadap usaha Wismilak. Di samping itu, juga terjadi peristiwa yang berpengaruh secara langsung terhadap usaha Wismilak, seperti panen raya tembakau dan cengkeh.
Menghadapi lingkungan eksternal yang dinamis seperti ini, Wismilak memerlukan visi yang tajam, serta meningkatkan kemampuan untuk mengatasi tantangan dan memanfaatkan peluang.
Dengan latar belakang ini, Dewan Komisaris dapat melaporkan bahwa pada tahun 2014 Wismilak tidak saja mempertahankan garis kebijakan pertumbuhan yang berkelanjutan, melainkan juga memperkuat landasan pertumbuhan jangka panjang. Secara khusus, Dewan Komisaris menghargai upaya peningkatan ekuitas merek Wismilak serta upaya modernisasi secara berkelanjutan.
Kinerja Direksi
Tentunya pencapaian ini tidak terlepas dari kemampuan Direksi dalam menentukan arah pertumbuhan serta mengelola bisnis perusahaan dengan baik. Pada 2014 Wismilak mencatatkan pertumbuhan penjualan dan proitabilitas per kuartal yang stabil dan pada saat yang sama Direksi telah meletakkan dasar yang kokoh bagi pertumbuhan di tahun depan.
Direksi menyikapi peluang pasar secara bijak, memperkuat penjualan di segmen SKT guna mengembangkan proitabilitas Wismilak, serta meluncurkan varian baru di segmen SKM untuk memperkuat merek yang telah hadir sebelumnya. Direksi pun dapat mengatasi tantangan untuk mengoptimalkan manfaat panen raya, sehingga persediaan meningkat dalam jumlah yang cukup
R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14
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Report of the Board
of Commissioners (continued)
Laporan Dewan Komisaris (lanjutan)Even further, the Board of Directors drove technological innovation, in the form of management information system development through intensifying SAP technology application, and the modernization of the MC prodution line, so
that Wismilak may operate even more eficiently.
The Board of Directors also directed an increase in HC production by opening a new factory in Kertosono, East Java, which also created job opportunities for the surrounding communities. The Board of Commissioners would like to emphasize the fact that 100% of the employees of Wismilak and its subsidiaries are Indonesians.
From the start, Wismilak has been directed to grow together with its stakeholders. Therefore, the Board of Commissioners also acknowledges the Board of Directors’ performance in enhancing the sustainability of Wismilak’s corporate social responsibility programs.
Review of Business Prospect
The Board of Directors believes that 2015 will be a promising year. Based on acceptable economic
growth and inlation rates projection, as well as
a duty tariff increase that is below the levels of previous years, the Board of Directors is convinced that Wismilak can maintain the growth rate of 2014.
The Board of Commissioners is of the opinion that this business prospect is based on realistic thinking. The brand equity enhancement efforts, the
productivity and eficiency improvements, as well
as the upgrading of the management infrastructure
— including the management information system development — support the business prospect.
The Board of Commissioners approves the Board of Directors’ policy to uphold Wismilak’s growth strategy that emphasizes sustainability. The sustainability factor is clearly evident in the brand equity enhancement efforts, but is also manifested in the efforts of upholding the continuity of CSR programs; and is managed according to good corporate governance principles.
Lebih jauh, Direksi dapat mendorong inovasi teknologi, terutama dalam pengembangan sistem informasi manajemen melalui intensiikasi penggunaan teknologi SAP, serta modernisasi lini produksi SKM, sehingga Wismilak dapat bekerja semakin eisien.
Direksi juga mendorong peningkatan produksi SKT dengan membuka pabrik baru di Kertosono, Jawa Timur, yang sekaligus juga membuka lapangan kerja baru bagi masyarakat sekitar. Dewan Komisaris ingin menggarisbawahi fakta bahwa 100% karyawan Wismilak dan anak perusahaannya merupakan orang Indonesia.
Sejak awal, Wismilak memang diarahkan untuk tumbuh bersama para pemangku kepentingannya. Karena itu, Dewan Komisaris pun menghargai kinerja Direksi yang meningkatkan keberlanjutan program tanggung jawab sosial perusahaan Wismilak.
Pandangan Atas Prospek Usaha
Direksi melihat prospek usaha tahun 2015 tetap menjanjikan. Dengan proyeksi tingkat pertumbuhan ekonomi yang masih baik, tingkat inlasi yang terkendali, serta kenaikan tarif cukai yang berada di bawah tahun-tahun sebelumnya, Direksi berpendapat Wismilak dapat mempertahankan tingkat pertumbuhan tahun 2014.
Dewan Komisaris menilai, prospek usaha ini disusun atas dasar pemikiran yang realistis. Upaya peningkatan ekuitas merek, peningkatan produktivitas dan eisiensi, serta peningkatan infrastruktur manajemen — termasuk
pengembangan sistem informasi manajemen — mendukung prospek usaha tersebut.
Dewan Komisaris menilai kebijakan Direksi untuk mempertahankan strategi pertumbuhan Wismilak yang mengutamakan keberlanjutan sudah tepat. Faktor keberlanjutan ini terlihat jelas dalam upaya meningkatkan ekuitas merek, namun juga tercermin dalam upaya menjaga keberlanjutan program CSR; serta dikelola dengan prinsip tata kelola perusahaan yang baik.
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
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Kinerja Komite Di bawah Dewan Komisaris
Terkait tata kelola perusahaan yang baik, Dewan Komisaris juga mencatat perkembangan yang baik dalam kinerja komite yang berada di bawah Dewan Komisaris.
Komite Audit yang dipimpin Komisaris Independen telah mengadakan tiga rapat Komite Audit untuk mengevaluasi perkembangan kualitas pelaporan Unit Audit Internal dan untuk merencanakan pelaporan auditor eksternal, yaitu KAP Kosasih, Nurdiyaman, Tjahjo & Rekan (Crowe Horwath).
Di samping itu, Komite Audit juga mengadakan empat rapat dengan Unit Audit Internal, guna meningkatkan kualitas pelaporan, mengawal implementasi SAP, serta mengevaluasi kinerja keuangan 2014.
Dewan Komisaris menyadari pentingnya komite lainnya, seperti Komite Manajemen Risiko dan Komite Nominasi dan Remunerasi, dalam perkembangan perusahaan ke depannya. Namun, dengan skala usaha dan ukuran perusahaan saat ini, sistem manajemen risiko dan praktek ketenagakerjaan yang dipimpin oleh Direksi masih sangat memadai untuk menegakkan prinsip tata kelola perusahaan yang baik.
Akhir kata,
Kami ingin menyampaikan penghargaan yang sebesar-besarnya kepada para Pemegang Saham dan Pemangku Kepentingan lainnya, atas kepercayaan dan dukungan yang diberikan pada tahun 2014, sehingga Wismilak dapat menjaga pertumbuhan kegiatan usaha dan perusahaan dengan baik. Semoga pencapaian ini semakin memperkuat hubungan kita, demi pertumbuhan Wismilak yang berkelanjutan, serta peningkatan kesejahteraan yang kita raih bersama.
Performance of Committees under the BOC
Related to good corporate governance, the Board of Commissioners also notes improvements in the performance of committees under the Board of Commissioners.
The Audit Committee under the leadership of the Independent Commissioner has conducted three meetings to evaluate the Internal Audit’s reporting quality improvement and to plan the reporting of the external auditor, namely the Public Accountant Firm Kosasih, Nurdiyaman, Tjahjo & Rekan (Crowe Horwath).
Furthermore, the Audit Committee has also conducted four meetings with the Internal Audit Unit to improve the quality of reporting, to advocate the implementation of SAP, and to evaluate 2014
inancial performance.
The Board of Commissioners is aware about the importance of other committees under the BOC, i.e. the Risk Management Committee and Nomination and Remuneration Commitee, for future development of the company. However, the given current business scale and size of the company, the risk management system and manpower practices
as led by the Board of Directors still sufice to
uphold good corporate governance principles.
In closing,
We would like to extend our deepest appreciation towards the Shareholders and all the other Stakeholders for their trust and support throughout 2014, which enabled Wismilak to manage growth of the business as well as the company.
May this achievement strengthen our relationship, for the sake Wismilak’s sustainable growth, and increased welfare for all of us.
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14
(16)
Report of the Board
of Directors
Laporan Direksi
“In 2014, net sales
reached IDR 1,661.53
billion and efforts of
keeping growth at
sustainable level were
upheld”
“Pada tahun 2014,
pen-jualan neto mencapai Rp
1.661,53 miliar dan upaya
menjaga pertumbuhan
secara berkelanjutan pun
terjaga”
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
(17)
Dear Shareholders,
Wismilak entered 2014 with the mission to strengthen the foundation for sustainable growth. In line with this mission, the Board of Directors would like to report that improvement was made in the production system, marketing network, brand equity, as well as the management system and the corporate social responsibility of Wismilak.
Financially, net sales increased from IDR1,588.02 billion in 2013 to IDR1,661.53 billion in 2014,
increasing by 4.63% and gross proit increased from
Rp 469.58 billion to Rp 483.81 billion, increasing by 3.03%. Since Wismilak went public in 2012, net sales
grew 21.85% (CAGR) while gross proit grew 26.02%
(CAGR).
Opportunities and Challenges of 2014
2014 provided both opportunities and challenges for Wismilak. Economic growth continued its positive growth momentum on the back of household consumption. The 2014 General Elections, both legislative and presidential, were conducted in an orderly manner which provides assurance for businesses. Both domestic consumption and the election, which has been proven historically to drive growth of cigarettes industry, were key opportunities for Wismilak, in addition to the good tobacco and clove harvest. Nevertheless, almost simultaneously, challenges appeared in the form of using these opportunities wisely, with the aim of maintaining sustainable growth of the company and at the same time strengthen the foundation for business development. The Board of Directors handled the opportunities and challenges conservatively, which
is relected in Wismilak’s key inancial indicators.
Production System
In 2014, Wismilak improved the performance of its production system by adding new machines to the existing MC production lines and opening a new HC factory.
Para Pemegang Saham yang Terhormat,
Wismilak memasuki tahun 2014 dengan misi memperkuat landasan pertumbuhan yang berkelanjutan. Sehubungan dengan misi ini, Direksi dapat melaporkan perkembangan yang baik terjadi dalam sistem produksi, jaringan pemasaran, ekuitas merek, dan sistem manajemen, serta tata kelola perusahaan dan tanggung jawab sosial.
Secara inansial, penjualan naik dari Rp 1.588,02 miliar pada 2013 menjadi Rp 1.661,53 miliar pada 2014, atau naik 4,63% dan laba kotor naik dari Rp 469,58 miliar menjadi Rp 483,81 miliar, naik 3,03%. Sejak Wismilak menjadi perusahaan terbuka pada 2012, penjualan bertumbuh 21,85% (CAGR) sementara laba kotor bertumbuh 26,02% (CAGR).
Peluang dan Tantangan 2014
Bagi Wismilak, tahun 2014 menghadirkan peluang dan sekaligus tantangan. Pertumbuhan ekonomi meneruskan momentum pertumbuhan yang positif berlandaskan pertumbuhan konsumsi rumah tangga. Proses Pemilihan Umum 2014, baik untuk anggota legislatif dan presiden, berhasil dilalui dengan baik yang memberikan keyakinan bagi dunia usaha. Konsumsi domestik dan juga Pemilu, yang secara historis mendorong pertumbuhan industri rokok, adalah kesempatan kunci bagi Wismilak, di samping panen raya tembakau dan cengkeh yang baik. Akan tetapi, pada saat yang bersamaan, tantangan muncul dalam bentuk pemanfaatan peluang tersebut secara bijak, dengan tujuan menjaga pertumbuhan perusahaan secara berkelanjutan dan sekaligus memperkuat landasan pengembangan usaha. Direksi menyikapi peluang dan tantangan ini secara konservatif, seperti yang dicerminkan oleh indikator keuangan inti Wismilak.
Sistem Produksi
Pada tahun 2014, Wismilak meningkatkan kinerja sistem produksi dengan menambah alat baru pada lini produksi SKM serta membuka pabrik SKT yang baru.
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14
(18)
Report of the Board
of Directors (continued)
Laporan Direksi (lanjutan)Sementara itu, demi pertumbuhan masa depan, pabrik SKT baru meningkatkan kapasitas produksi SKT Wismilak sebanyak 40% sehingga mencapai 672 juta rokok pada tahun 2014. Produksi pun meningkat, yaitu dari 479 juta rokok pada tahun 2013 menjadi 671 juta rokok pada tahun 2014, atau sebesar 40,08%.
Akan tetapi, produksi SKM mengikuti alur perkembangan yang berbeda. Dengan alasan strategis yang terkait sistem perpajakan produsen berjenjang, produksi dijaga pada tingkat 1,67 miliar batang pada tahun 2014, dibandingkan 2,07 miliar batang pada tahun 2013, atau menurun 19,5%. Penurunan ini tidak berdampak terhadap penjualan Wismilak.
Pemasaran
Wismilak Diplomat mencapai usia 25 tahun pada tahun 2014 dan pencapaian ini diperingati dengan meluncurkan Wismilak Diplomat Special Edition. Selain itu, upaya peningkatan ekuitas merek Wismilak Diplomat juga dilakukan dengan meluncurkan Wismilak Diplomat Mild Menthol.
Sementara itu, Wismilak dan anak perusahaan juga mengembangkan jaringan pemasaran, sehingga jumlah kantor cabang menjadi 19 dan jumlah stock point menjadi 5.
Sistem Manajemen
Pada tahun 2015, Wismilak melanjutkan pengem-bangan sistem ERP dengan teknologi SAP sehingga sistem informasi manajemen pun semakin kokoh. Selain memperdalam aplikasi teknologi SAP, Wismilak juga membangun Disaster Recovery Centre (DRC).
Tata Kelola Perusahaan
Pada tahun 2014, penerapan prinsip GCG mencapai kemajuan yang berarti di seluruh kelompok usaha Wismilak. Sebuah bagian penting dari praktek GCG ini adalah upaya pengembangan manajemen modern atas dasar budaya perusahaan keluarga.
Perkembangan dalam tata kelola perusahaan ini tercermin dalam pertumbuhan perusahaan dan pada tahun 2014 Wismilak memperoleh penghargaan
Meanwhile, for the sake of preparing future growth, the new HC factory increased the HC production capacity of Wismilak by 40% to reach 672 million cigarettes in 2014. Production increased accordingly, from 479 million cigarettes in 2013 to 671 million cigarettes in 2014, or an increase of 40.08%.
However, MC production development followed a different path. Due to strategic reason related to the government's producer-tier tax system, production was maintained at a lower level, namely 1.67 billion cigarettes in 2014 compared to 2.07 billion cigarettes in 2013, or a decrease of 19.5%. The lower production volume did not affect Wismilak's sales.
Marketing
Wismilak Diplomat celebrated its 25th anniversary in 2014 with the launching of Wismilak Diplomat Special Edition.
Furthermore, efforts to enhance the Wismilak Diplomat brand equity were sustained with the launching of Wismilak Diplomat Mild Menthol.
Meanwhile, Wismilak and its subsidiaries also developed its marketing network, so that the number
of branch ofices became 19 and the number of
stock points became 5.
Management System
In 2015, Wismilak continued its SAP technology-based ERP system development to strengthen the management information system further. In addition to deepening the SAP technology application, Wismilak also built a Disaster Recovery Center (DRC).
Corporate Governance
In 2014, the Board of Directors continued the implementation of GCG principles throughout the Wismilak group of companies. At the core of the GCG practices was the development of a modern management around the family business corporate culture.
This improvement in terms of corporate governance
is relected in the growth of the company and
in 2014 Wismilak obtained the reputable award
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
(19)
bergengsi “Forbes Asia Best Under A Billion” sebagai satu dari 200 perusahaan menengah terbaik di kawasan Asia.
Tanggung Jawab Sosial Perusahaan
Sementara itu, pelaksanaan tanggung jawab sosial Wismilak pun semakin terarah, menuju kerja sama antar Pemangku Kepentingan yang bersifat jangka panjang, serta sesuai azas pembangunan yang berkelanjutan.
Pada tahun 2014, kompetisi wirausaha tahunan Wismilak, yaitu Diplomat Success Challenge, diadakan untuk kelima kalinya berturut-turut. Kompetisi ini merupakan satu dari lima pilar program CSR “Wismilak Berbagi”, yaitu “Peduli Wirausaha”. Adapun keempat pilar lainnya adalah: “Peduli Budaya”, “Peduli Sosial”, “Peduli Pendidikan”, dan "Peduli Olahraga".
Di samping itu, Wismilak juga menjalankan tanggung jawab sosial perusahaan dalam bidang tanggung jawab produk, ketenagakerjaan dan pelestarian lingkungan.
“Forbes Asia Best Under A Billion” as one of the Asian region’s best 200 midsized companies.
Corporate Social Responsibility
Meanwhile, the implementation of Wismilak’s corporate social responsibility has improved and is now heading towards long-term inter-Stakeholder collaboration, in accordance with sustainable development principles.
In 2014, Wismilak’s annual entrepreneurial
competition, namely Diplomat Success Challenges,
was held for the ifth consecutive time. This competition is one of the ive pillars of the
“Wismilak Berbagi” CSR program, namely Peduli Wirausaha. The other four pillars are Peduli Budaya, Peduli Sosial, Peduli Pendidikan and Peduli Olahraga.
Furthermore, Wismilak also implements its
corporate social responsibility in the ield of product
responsibility, manpower, and environmental conservation.
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
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Ronald Walla
President Director
Direktur Utama
Report of the Board
of Directors (continued)
Laporan Dewan Direksi (lanjutan)Prospek Usaha 2015
Memasuki tahun 2015, Direksi melihat Wismilak menghadapi prospek usaha yang mendukung pertumbuhan yang berkelanjutan. Proyeksi tingkat pertumbuhan ekonomi Indonesia sebesar 5,30% (sumber: Mandiri Sekuritas Economic Outlook 2015), tingkat inlasi yang terkendali, serta kenaikan tarif cukai di kisaran 8%, di bawah rata-rata kenaikan tarif cukai sebelumnya, menjadi dasar bagi Direksi untuk menjaga pertumbuhan usaha pada tingkat yang berkelanjutan.
Pada tingkat pertumbuhan yang berkelanjutan ini, penjualan neto, total aset, total liabilitas, serta ekuitas Wismilak diharapkan tumbuh setidaknya seperti pada tahun 2014, yaitu berturut-turut di kisaran 4-5%; 8-9%; 7-8%; dan 9-10%.
Para Pemegang Saham Yang Terhormat,
Direksi mengucapkan terima kasih yang sebesar-besarnya atas kepercayaan dan dukungannya. Direksi pun ingin mengucapkan terima kasih kepada Dewan Komisaris atas arahan dan nasehatnya; kepada para Karyawan atas dedikasi dan kerja kerasnya; serta kepada para Pemasok dan Pemasar atas dukungan dan loyalitasnya. Wismilak tidak akan mampu tumbuh secara berkelanjutan tanpa kebersamaan kita ini.
Semoga Tuhan YME memberkati niat dan upaya kita.
Business Prospect of 2015
Entering 2015, the Board of Directors believes that Wismilak faces a business prospect that supports sustainable growth. The projection of Indonesia’s economic growth at 5.30% (source: Mandiri Sekuritas Economic Outlook 2015), acceptable
inlation rates, and the around 8% increase in
duty tariffs, which is below the tariff increase in previous years, is the basis for the Board of Directors to maintain the growth of the business at a sustainable level.
At this level of sustainable growth, net sales, total assets, total liabilities, and equity of Wismilak is expected to grow at a level at least similar to 2014, i.e. respectively: 4-5%; 8-9%; 7-8%; and 9-10%.
Dear Stakeholders,
The Board of Directors would like to express its gratitude for your trust and support. The Board of Directors would also like to thank the Board of Commissioners for its direction and advice; the Employees for their dedication and hard work; and also to the Suppliers and Marketers for their support and loyalty. Wismilak would not have grown sustainably with this togetherness.
May God Almighty bless our intentions and efforts.
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
(21)
President Director
Direktur Utama
Ronald Walla
Technical Director
Direktur Teknik
Krisna Tanimihardja
Director of Operations
Direktur Operasional
Trisnawati Trisnajuwana
Director of Finance
Direktur Keuangan
Lucas Firman Djajanto
Independent Director
Direktur Independen
Hendrikus Johan
Director of Business Development
Direktur Pengembangan Usaha
Sugito Winarko
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
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Wismilak has been recognized by Forbes Asia as
one of the leading 200 companies with assets
under US$ 1 billion in the Asia Paciic region. The
selection included 17,000 public companies, and
this recognition endorses Wismilak’s spirit of
developing a sustainable growth platform.
Wismilak diakui Forbes Asia sebagai satu dari
200 perusahaan dengan omset di bawah US$ 1
milyar terbaik di kawasan Asia Pasiik. Seleksinya
mencakup 17.000 perusahaan terbuka, dan
penghargaan ini semakin memacu semangat
Wismilak untuk mengembangkan landasan
pertumbuhan berkesinambungan.
Highlights of 2014
Sekilas Tahun 2014
Bangkok, Thailand, 9 December 2014: Ronald Walla as the President Director of PT Wismilak Inti Makmur Tbk accepts the Forbes Asia’s 200 Best Under A Billion recognition.
Bangkok, Thailand, 9 Desember 2014: Ronald Walla selaku Direktur Utama PT Wismilak Inti Makmur Tbk menerima penghargaan Forbes Asia’s 200 Best Under A Billion.
Forbes Asia’s 200
Best Under A Billion
>
22
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Surabaya, 1 April 2014: Diplomat Mild Menthol was launched to enlarge market share in the Mild Menthol MC segment.
Surabaya, 1 April 2014: Diplomat Mild Menthol diluncurkan untuk memperluas pangsa pasar di segmen SKM Mild Menthol.
Wismilak launched Diplomat Mild Menthol, a
variant of Diplomat Mild that was launched
in 2012. This product diversiication helped to
strengthen the sustainable growth platform by
enlarging Wismilak’s market share.
Wismilak meluncurkan Diplomat Mild Menthol,
sebuah varian Diplomat Mild yang diluncurkan
pada tahun 2012. Diversiikasi produk ini
turut menguatkan landasan pertumbuhan
berkesinambungan dengan memperluas pangsa
pasar Wismilak.
Launching
Diplomat Mild Menthol
Highlights of 2014
Sekilas Tahun 2014
>
PT Wismilak Inti Makmur, Tbk 2014 Annual Report
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Responding to the continuously increasing HC
demand, Wismilak developed a new 3,047 m2
factory in Kertosono, equipped with buildings,
machines, ovens and ofices, and hosting 514
employees. The new factory was inaugurated on
18 August 2014
Mengimbangi permintaan SKT yang terus
meningkat, Wismilak mengembangkan pabrik
baru di Kertosono seluas 3.047 m2, lengkap
dengan gedung, mesin, oven, dan kantor, dan
menampung 514 karyawan. Pabrik baru ini
diresmikan tanggal 18 Agustus 2014.
Kertosono Factory
Highlights of 2014
Sekilas Tahun 2014
>
Kertosono, 18 August 2014: the factory was inaugurated and immediately started operations. Kertosono, 18 August 2014: pabrik baru diresmikan dan segera beroperasi.
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Highlights of 2014
Sekilas Tahun 2014
Using growth momentum wisely, Wismilak
developed its marketing network gradually: the
Tegal Stock Point was opened on 27 January,
Magelang on 8 September, the Jombang Area
Operational Ofice of the Sales & Distribution
Division on 15 September, and the Purwokerto
Stock Point became Area/Representative Ofice
of Gawih Jaya on 27 November 2014.
Memanfaatkan momentum pertumbuhan
dengan bijaksana, Wismilak mengembangkan
jaringan pemasaran secara berjenjang: Stock
Point Tegal dibuka 27 Januari, Magelang 8
September, Kantor Operasional Divisi Sales &
Distribusi Area Jombang 15 September, dan
Stock Point Purwokerto menjadi Kantor Area/
Perwakilan Gawih Jaya pada 27 November 2014.
Opening New Branch
and Stock Point
>
Gradually developing its marketing network, Wismilak opened 2 stock points and 2
branch ofices in 2014.
Mengembangkan jaringan pemasaran secara berjenjang, Wismilak membuka 2 stock point dan 2 kantor cabang pada tahun 2014.
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Highlights of 2014
Sekilas Tahun 2014
Successfully strengthening the management
information system with SAP ECC 6.0, Wismilak
implemented the SAP Business Warehouse for
Sales Distribution, the SAP Finance & Controlling,
Business Intelligent - BOBJ for management,
and a Disaster Recovery Center (DRC) to uphold
business operation continuity.
Sukses memperkuat sistem informasi
manajemen dengan SAP ECC 6.0, Wismilak
mengimplementasikan Business Warehouse
SAP untuk Sales Distribution, Finance &
Controlling, Business Intelligent - BOBJ SAP untuk
manajemen, serta Disaster Recovery Center
(DRC) untuk menjaga dan menjamin kontinuitas
operasional bisnis.
Deepening ERP
Implementation
>
Each quarter of 2014 was marked by deepened SAP implementation at Wismilak. Setiap kuartal tahun 2014 diwarnai penerapan SAP yang semakin mendalam di Wismilak.
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Wismilak’s commitment towards sustainable
growth was injected to entrepreneurs
through the Diplomat Success Challenge. This
annual innovative and creative business idea
competition has been held continuously since
2010, and in 2014 carried the theme “Successful
Character”.
Komitmen terhadap pertumbuhan
berkesinambungan Wismilak ditularkan kepada
wirausaha melalui Diplomat Success Challenge.
Kompetisi wirausaha tahunan dengan pencarian
ide bisnis inovatif dan kreatif ini berlangsung
terus sejak 2010, dan pada 2014 mengusung
tema “Karakter Sukses”.
Diplomat Success
Challenge 2014
Highlights of 2014
Sekilas Tahun 2014
>
Ronald Walla as Wismilak’s President Director and Surjanto Yasaputera as Head of the DSC Commissioner Board celebrated the Diplomat Success Challenge 2014 winners’ success together with the jury.
Ronald Walla selaku Direktur Utama Wismilak dan Surjanto Yasaputera selaku Ketua Dewan Commissioner DSC berbagi kebahagiaan dengan para juri dan pemenang Diplomat Success Challenge 2014.
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Highlights of 2014
Sekilas Tahun 2014
Totally committed towards quality, down to the
smallest detail, since it was launched in 1989,
Wismilak Diplomat successfully guarded its
superior quality.
Total sampai detail terkecil dalam mencipta,
sejak diluncurkan pada tahun 1989 Wismilak
Diplomat sukses mempertahankan kualitas yang
terbaik.
25th Anniversary
Wismilak Diplomat
>
Wismilak Diplomat has been guarding its superior quality for 25 years! To commemorate this achievement and to share the success with the customers, Wismilak Special Edition 25 Years was launched on September 2014. Wismilak Diplomat menjaga kualitas terbaik selama 25 tahun! Guna memperingati keberhasilan ini dan sekaligus
berbagi dengan para pelanggan, Wismilak Special Edition 25 Years diluncurkan pada bulan September 2014.
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Highlights of 2014
Sekilas Tahun 2014
General Shareholder Meetings
and Public Expose
The 2014 Annual General Meeting of Shares of
PT Wismilak Inti Makmur, Tbk was successfully
held at Resto Nine, Jalan Mayjend Sungkono Nr.
83, Surabaya. Afterwards, at the same place,
the Board of Commissioners and the Board of
Directors held a public expose.
Rapat Umum Pemegang Saham Tahunan 2014
PT Wismilak Inti Makmur, Tbk berlangsung
sukses di Resto Nine, Jalan Mayjend Sungkono
No. 83, Surabaya. Kemudian, di tempat
yang sama, Dewan Komisaris dan Direksi
mengadakan acara public expose.
>
Surabaya, 20 May 2014: All Commissioners and Directors attended the Annual GMS of PT Wismilak Inti Makmur, Tbk.
Surabaya, 20 Mei 2014: Seluruh Komisaris dan Direktur menghadiri RUPS Tahunan PT Wismilak Inti Makmur, Tbk.
PT Wismilak Inti Makmur, Tbk 2014 Annual Report
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Company
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Sejarah merupakan bagian integral dari identitas perusahaan Wismilak. Didirikan pada masa transisi industri rokok kretek, perusahaan ini menjembatani perkembangan tradisi dan modernitas.
History is an integral part of Wismilak’s corporate identity. Established during the transitional period of the kretek cigarette industry, this company has been bridging tradition and modernity.
Corporate Data
Data Perusahaan
The head ofice building is the result of
expert restoration. Perfectly blended with the city’s history, the building is
one landmark of Surabaya Gedung kantor pusat merupakan hasil
restorasi yang ditangani para ahli. Menyatu dengan sejarah kota, gedung
ini merupakan salah satu landmark kota Surabaya
Head Ofice
Factory I, II, III Bojonegoro Factory Kertosono Factory
Kantor Pusat Pabrik I, II, III Pabrik Bojonegoro Pabrik Kertosono
Jl. Buntaran No. 9A, Kel. Manukan Wetan, Kec. Tandes, Surabaya 60185
Jl. Buntaran No. 9, 9A Dan 18, Kel. Manukan Wetan, Kec. Tandes, Surabaya 60185 Jl. Raya Sraturejo No. 99, Kel. Sraturejo, Kec. Baureno, Bojonegoro
Jalan Puntodewo no.5 RT.01/RW.03 Desa Kepuh, Kecamatan Kertosono, Kabupaten Nganjuk
Head Ofice & Factory Address
Alamat Kantor Pusat & Pabrik
Name
Registered Address Telephone Facsimile Email Website
Nama
Alamat Terdaftar Telepon
Faksimili Email Website
PT Wismilak Inti Makmur, Tbk.
Grha Wismilak, Jl. Dr Soetomo 27, Surabaya 60264
+62 31 2952 899 +62 31 2952 800
[email protected] www.wismilak.com
Company Address
Alamat Perusahaan
Grha
Wismilak
(33)
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
PT Gelora Djaja (Gelora Djaja) PT Galan Gelora Djaja (Galan) PT Gawih Jaya (Gawih)
Jl. Buntaran No. 9, Kel. Manukan Wetan, Kec. Tandes, Surabaya 60185 Jl. Surowongso No. 999, Karangbong, Gedangan, Sidoarjo 61254 Jl. Raya Darmo No. 42-44, Surabaya 60264
Subsidiaries Address
Alamat Entitas Anak
Bogor Jambi
Perum Cimanggu Permai 1, Blok M, Jl. Borobudur No. 15, Bogor Jl. Haji Adam Malik Lorong Anggrek No. 1, Jambi
Medan Padang Sidimpuan Palembang Bandung Cirebon Jakarta I Jakarta II Semarang Pati Solo Yogyakarya Banjarmasin Surabaya Jember Malang Pamekasan Pematang Siantar Jombang Purwokerto
Jl. Kompos 193 Km. 12, Medan
Jl. Mawar No. 40 Kel.Ujung Padang, Padang Sidimpuan Jl. Dr. M. Isa No. 2, Kel. Duku, Palembang
Jl. Caringin 273, Bandung Jl. Satria No. 2, Cirebon Jl. Tipar Cakung 27, Jakarta Jl. Mampang Prapatan 108, Jakarta Jl. Dr. Wahidin 137 , Semarang Jl. Diponegoro No. 129, Pati
Jl. Raya Solo Sragen Km 7 , Turisari Karanganyar, Solo * Jl. Kabupaten Km 3,8 No. 27 , Yogyakarta
Jl. Jafri Zam - Zam Komp. Grawiratama Rt 38, Banjarmasin Jl. Tanjung Sari 3 Blok D1 – D2, Surabaya
Jl. Sumatera No. 117, Jember Jl. IR. Sukarno No.39, Batu
Jl. Raya Trasak Km. 7 Larangan, Pamekasan Jl. Silimakuta No. 33, Pematang Siantar Jl. Tanjung No. 138, Jombang
Jl. Raya Baturaden No. 174, Purwokerto
Branch Ofices Address
Alamat Kantor Cabang
Stock Point Address
Alamat Stock Point
Address Telephone Facsimile Alamat Telepon Faksimili
Gedung Menara Jamsostek
Menara Utara, 10th Floor-Suite 1003, Jl. Gatot Subroto 38, Jakarta 12710 +62 21 5296 3901/02
+62 21 5296 3909
Representative Ofice Address
Alamat Kantor Perwakilan
*) Perubahan alamat per 9 Februari 2015 saat proses pembuatan Annual Report
R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14
(34)
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Memenuhi keperluan cetakan, PT Putri Gelora Djaja didirikan di Surabaya.
In line with business growth, PT Gawih Djaja was established in Surabaya to develop our cigarette industry.
Gelora Djaja expanded: Buntaran, Surabaya became operational development area.
Gelora Djaja started machine-rolled cigarette production.
Launching of Wismilak Diplomat.
Slim hand-rolled kretek cigarette production started. Gawih established
logistics division. To meet needs of
printing, PT Putri Gelora Djaja was established in Surabaya.
Seiring pertumbuhan usaha, PT Gawih Djaja didirikan di Surabaya untuk mengembangkan industri rokok.
Gelora Djaja berekspansi: Buntaran, Surabaya menjadi tempat perkembangan area operasional.
Gelora Djaja mulai memproduksi sigaret kretek mesin.
Peluncuran
Wismilak Diplomat Sigaret kretek
tangan slim mulai diproduksi. Gawih mendirikan
divisi logistik.
1963
1979
1983
1987
1988
1989
1994
1995
2000
Milestones
Jejak LangkahThe forerunner of Wismilak, PT Gelora Djaja, a hand-rolled cigarette manufacturer, was established in Petemon, Surabaya by Lie Koen Lie, Tjioe Ing Hien, Tjioe Ing Hwa, and Oei Bian Hok.
Establishment of PT Wismilak Inti Makmur in Surabaya as holding company. Establishment of PT Galan Gelora Djaja to match business growth
Pendahulu Wismilak, produsen sigaret tangan PT Gelora Djaja, didirikan di Petemon, Surabaya, oleh Lie Koen Lie, Tjioe Ing Hien, Tjioe Ing Hwa, dan Oei Bian Hok.
Pendirian PT Wismilak Inti Makmur di Surabaya sebagai perusahaan induk. Pendirian PT Galan Gelora Djaja untuk mengimbangi perkembangan usaha.
In accordance to its latest articles of association (as recorded in Notarial Deed No. 24 or Yulia, S.H. dated 10 September 2012, Wismilak manages a cigarette industry, particularly hand-rolled kretek cigarettes (HC) and machine-rolled kretek
cigarettes (MC). Its ield of business includes the production of cigarette lavoring, ilter
rods and other cigarette parts; marketing and sales of cigarette products and parts; and investing in kretek cigarette manufacturers. Wismilak always strives to comply to prevailing rules and regulations, related to good manufacturing practices; health, safety, and environment; corporate governance; and others.
Sesuai anggaran dasar terbaru (tercatat dalam Akta Notaris Yulia, S.H. No. 24 tanggal 10 September 2012, Wismilak mengelola usaha industri rokok, terutama sigaret kretek tangan (SKT) dan sigaret kretek mesin (SKM). Bidang usahanya mencakup produksi bumbu rokok, ilter dan kelengkapan rokok lainnya; pemasaran dan penjualan produk rokok dan kelengkapannya; serta penyertaan pada produsen rokok kretek. Wismilak senantiasa berupaya menaati peraturan perundang-undangan yang berlaku, terkait good manufacturing practices; kesehatan, keselamatan, keamanan dan lingkungan; tata kelola perusahaan; dan lain-lain.
Business Activity
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
The Bojonegoro, East Java factory commenced operations.
Wismilak's laboratory obtained the ISO
17025 certiicate
Launching of Mild MC's
Development of modern factory in Buntaran started.
Launching of Galan Mild.
Gawih established a Field Marketing Division
Wismilak conducted the initial public offering of its shares preceded by divestment of PT Putri Gelora Djaja. Launching of Wismilak Diplomat Mild. Wismilak implemented an SAP-based ERP system. The Kertosono Factory commenced operations. Launching of Wismilak Diplomat Mild Menthol. Wismilak obtained AMDAL certiication Pabrik Bojonegoro, Jawa TImur mulai beroperasi.
Laboratorium Wismilak memperoleh sertiikat ISO 17025. Peluncuran SKM
jenis Mild Pembangunan
pabrik modern di Buntaran dimulai.
Peluncuran Galan Mild.
Gawih mendirikan Divisi Field
Marketing. Wismilak melakukan
penawaran saham perdana ke masyarakat di- dahului divestasi PT Putri Gelora Djaja. Peluncuran Wismilak Diplomat Mild.
Wismilak menerapkan sistem ERP dengan teknologi SAP. Pabrik Kertosono mulai beroperasi. Peluncuran Wismilak Diplomat Mild Menthol. Wismilak menerima sertiikat AMDAL.
2002
2004
2005
2006
2008
2010
2012
2013
2014
Becoming a world-class industrial player with premium quality products and services through continous improvement driven by integrity, teamwork, continous development and innovation.
• Achieving success together through cooperation with all stakeholders (customers, shareholders,
employees, distributors, suppliers and the public).
• Providing products and services with the highest quality.
• Being responsible and committed towards the community and surroundings.
Berupaya menjadi pelaku industri kelas dunia dengan keunggulan kualitas produk dan jasa yang dihasilkan dengan pertumbuhan berkesinambungan yang diperoleh melalui integritas, kerja sama tim, pengembangan yang berkelanjutan serta inovasi.
• Bersama meraih sukses melalui kerja sama dengan semua pemangku kepentingan (konsumen, pemegang saham, karyawan, distributor, pemasok, dan masyarakat).
• Menghasilkan produk dan jasa dengan kualitas terbaik.
• Bertanggung jawab dan berkomitmen terhadap lingkungan dan komunitas.
Vision
Mission
Visi Misi R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14(36)
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Organizational Structure
Struktur Organisasi
President Commissioner
Komisaris Utama
Willy Walla Head
Ketua Edy Sugito Commissioner
Komisaris
Indahtati Widjajadi MembersAnggota
Herbudianto Felix Suhendar General Meeting of Shareholders
Rapat Umum Pemegang Saham
Board of Commissioners
Dewan Komisaris Audit Committee
Komite Audit
Board of Directors Direksi
President Director Direktur Utama
Ronald Walla
Technical Director Direktur Teknik
Krisna Tanimihardja
Sales & Field Marketing Manager
Robert Situmorang
Factory Manager
Tikto
Priharnomo
Marketing Manager
Surjanto Yasaputera
IT Manager
Akim Hermanto
Finance & Accounting
Manager
Erni Lisawati
Human Resources Manager
Henry Najoan
Internal Audit Manager
Edie Widjaja Rustiono
Filter Business Manager
Erwin Susanto
Director of Operations Direktur Operasional
Trisnawati Trisnajuwana
Director of Finance Direktur Keuangan
Lucas Firman Djajanto
Independent Director Direktur Independen
Hendrikus Johan
Corporate Secretary Sekretaris Perusahaan
Surjanto Yasaputera
Director of Business Development Direktur Pengembangan Usaha
Sugito Winarko
Independent Commissioner
Komisaris Independen Edy Sugito
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PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
Board of Commissioners Proile
Proil Dewan Komisaris
Willy Walla
President Commissioner Komisaris Utama
Indonesian Citizen, age 66
President Commissioner of the Company since 2012, appointed by the GMS dated 5 October 2012; also President Commissioner of PT Galan Gelora Djaja, and Commissioner of PT Gelora Djaja and Gawih Jaya; previously, President Director PT Wismilak Inti Makmur (1994 – 2012), PT Gawih Djaja (1983-2007), and PT Gelora Djaja (1986- 2007); graduated from Chelsea College, University of London, in the ield of Mathematics in 1972.
Afiliated to:
- Ronald Walla (President Director), father-son. - Stephen Walla (Shareholder), father-son.
Warga Negara Indonesia, 66 tahun
Komisaris Utama Perseroan sejak tahun 2012 sesuai Keputusan RUPS tanggal 5 Oktober 2012; juga Komisaris Utama PT Galan Gelora Djaja, ser-ta Komisaris PT Gelora Djaja dan PT Gawih Jaya; sebelumnya, pernah menjabat sebagai Direktur Utama PT Wismilak Inti Makmur Tbk (1994-2012), PT Gawih Djaja (1983-2007), dan PT Gelora Djaja (1986- 2007); menyelesaikan pendidikan di bidang matematik pada Chelsea College, University of London (1972).
Hubungan ailiasi:
- Ronald Walla (DIrektur Utama), ayah-anak. - Stephen Walla (Pemegang Saham), ayah-anak.
Indahtati Widjajadi
Commissioner Komisaris
Indonesian Citizen, age 64
Commissioner of the Company since 2012, appointed by the GMS dated 5 October 2012; also Commissioner of PT Gelora Djaja (1984 – now), PT Gawih Jaya (1983 – now), and PT Galan Gelora Djaja (1983 – now); graduated from the California Polytechnic University in the ield of chemical engineering in 1976 and from Institut Sepuluh November, Surabaya in the ield of chemical engineering in 1974. Afiliated to:
- Gaby Widjajadi (Shareholder), mother- daughter.
Warga Negara Indonesia, 64 tahun
Komisaris Perseroan sejak tahun 2012 sesuai Keputusan RUPS tanggal 5 Oktober 2012; juga Komisaris PT Gelora Djaja (1984-sekarang), PT Gawih Jaya (1983-sekarang), dan PT Galan Gelora Djaja (1983-sekarang); menyelesaikan pendidikan di bidang teknik kimia pada Cali-fornia Polytechnic University pada tahun 1976; sebelumnya memperoleh gelar Insinyur Teknik Kimia di Institut Sepuluh November, Surabaya (1974).
Hubungan ailiasi:
- Gaby Widjajadi (Pemegang Saham), ibu-anak.
Edy Sugito
Independent Commissioner Komisaris Independen
Indonesian Citizen, age 50
Independent Commissioner of the Company since 2012, appointed by the GMS dated 5 October 2012; also President Commissioner PT Gayatri Kapital, Independent Commissioner of PT London Sumatra Indonesia, PT Dharma Satya Nusantara Tbk and PT Astra Otoparts Tbk.; previously, Director of Listing of PT Bursa Efek Indonesia (2005-2012), Director of PT Kliring Penjaminan Efek Indonesia (2000-2005), Director of PT Kustodian Sentral Efek Indonesia (1998-2000), and various other posts, starting with Auditor at Drs. Johan, Malonda & Partners/ Ernst & Whinney (1987-1988); graduated from Universitas Trisakti, with the degree of Bachelor of Accountancy (1991).
Warga Negara Indonesia, 50 tahun
Komisaris Independen Perseroan sejak tahun 2012 sesuai Keputusan RUPS tanggal 5 Oktober 2012; juga Komisaris Utama PT Gayatri Kapital, Komisaris Independen PT London Sumatra Indonesia Tbk, PT Dharma Satya Nusantara Tbk dan PT Astra Otoparts Tbk; sebelumnya, pernah menjabat sebagai Direktur Pencatatan PT Bursa Efek Indonesia (2005-2012), Direktur PT Kliring Penjaminan Efek Indonesia (2000-2005), Direk-tur PT Kustodian Sentral Efek Indonesia (1998-2000), serta berbagai jabatan lain yang diawali sebagai Auditor pada Drs Johan, Malonda & Rekan/Ernst & Whinney (1987-1988); menye-lesaikan pendidikan di bidang akuntansi di Universitas Trisakti (1991).
R ep or t t o Sha re hol d er s Com pa ny P roi le M a n a g em en t Dis cu ss ion & A n a ly sis C o rp o ra te So cia l R es p o n sibil it y C o rp or a te G ov er n a n ce Su m m a ry of T he Y ea r in R ev ie w , 2 0 14
(1)
Lampiran IV Attachment IV PT WISMILAK INTI MAKMUR TBK
(ENTITAS INDUK SAJA) LAPORAN PERUBAHAN EKUITAS
Tahun yang Berakhir pada Tanggal-tanggal 31 Desember 2014 dan 2013 (Disajikan dalam Rupiah, kecuali Dinyatakan Lain)
PT WISMILAK INTI MAKMUR TBK (PARENT ENTITY ONLY) STATEMENTS OF CHANGES IN EQUITY Years Ended December 31, 2014 and 2013 (Expressed in Rupiah, unless Otherwise Stated)
87
Saldo Laba/Retained earnings Pendapatan
Tambahan Modal Komprehensif Telah Belum
Disetor - Neto/ Lain/Other Ditentutakan Ditentutakan
Modal Saham/ Additional Paid Comprehensive Penggunaannya/ Penggunaannya/ Total/
Share Capital In Capital - net Income Appropriated Unappropriated Total
Balance as of Saldo 1 Januari 2013 209.987.376.000 303.627.463.232 - - 37.740.433.340 551.355.272.572 January 1, 2013
Distribution of
Pembagian dividen kas - - - - (7.559.545.536) (7.559.545.536) cash dividends
Penentuan penggunaan Appropriation of
laba ditahan - - - 2.000.000.000 (2.000.000.000) - retained earnings
Laba komprehensif tahun Comprehensive income
berjalan - - (2.009.186 ) - 19.005.619.966 19.003.610.780 for the year
Balance as of Saldo 31 Desember 2013 209.987.376.000 303.627.463.232 (2.009.186 ) 2.000.000.000 47.186.507.770 562.799.337.816 December 31, 2013
Distribution of
Pembagian dividen kas - - - - (39.687.614.064) (39.687.614.064) cash dividends
Penentuan penggunaan Appropriation of
laba ditahan - - - 2.000.000.000 (2.000.000.000) - retained earnings
Laba komprehensif tahun Comprehensive income
berjalan - - 2.009.186 - 44.035.258.921 44.037.268.107 for the year
Balance as of Saldo 31 Desember 2014 209.987.376.000 303.627.463.232 - 4.000.000.000 49.534.152.627 567.148.991.859 December 31, 2014
(2)
Lampiran V Attachment V
PT WISMILAK INTI MAKMUR TBK (ENTITAS INDUK SAJA) LAPORAN PERUBAHAN ARUS KAS Tahun yang Berakhir pada Tanggal-tanggal
31 Desember 2014 dan 2013
(Disajikan dalam Rupiah, kecuali Dinyatakan Lain)
PT WISMILAK INTI MAKMUR TBK (PARENT ENTITY ONLY) STATEMENTS OF CASH FLOWS Years Ended December 31, 2014 and 2013 (Expressed in Rupiah, unless Otherwise Stated)
2014 2013
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS OPERASI OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 119.618.136.898 108.315.466.467 Cash receipts from customers
Pembayaran kas kepada Cash payments to suppliers
pemasok dan lainnya (133.494.864.521) (110.134.468.534) and others
Pembayaran pajak penghasilan (4.466.478.559) (1.530.353.600) Cash payments for income taxes
Pembayaran bunga (269.452.101) (529.385.967) Cash payment for interest
Kas Neto Digunakan Net Cash Used in
untuk Aktivitas Operasi (18.612.658.283) (3.878.741.634) Operating Activities
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS INVESTASI INVESTING ACTIVITIES
Penerimaan kas dividen 40.028.178.597 8.073.659.540 Receipt of cash dividends
Penerimaan kas dari pendapatan bunga 2.078.357.001 8.318.859.496 Cash receipt from interest income
Pencairan investasi jangka pendek 372.000.000 - Withdrawal of short-term investments
Penambahan investasi pada Net additional investment
entitas anak - neto (43.200.000.000) (176.400.000.000) in subsidiary’s shares of stock
Perolehan aset tetap (13.768.410.352) (5.655.887.940) Acquisitions of fixed assets
Penempatan investasi jangka pendek (186.000.000) (186.000.000) Placements of short-term investments
Kas Neto Digunakan Net Cash Used in
Untuk Aktivitas Investasi (14.675.874.754) (165.849.368.904) Investing Activities
ARUS KAS DARI CASH FLOWS FROM
AKTIVITAS PENDANAAN FINANCING ACTIVITIES
Pembayaran kas dividen (39.687.614.064) (7.559.545.536) Cash dividend payments
Pembayaran utang bank (1.558.559.628) (5.706.059.599) Payments of bank loans
Pembayaran utang pembiayaan Payment of consumer financing
konsumen (67.405.698) (67.220.277) payables
Kas Neto Digunakan Net Cash Used in
untuk Aktivitas Pendaanan (41.313.579.390) (13.332.825.412) Financing Activities
PENURUNAN NETO NET DECREASE IN
KAS DAN SETARA KAS (74.602.112.427) (183.060.935.950) CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS PADA AT THE BEGINNING
AWAL TAHUN 85.367.037.901 268.427.973.851 OF THE YEAR
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS
AKHIR TAHUN 10.764.925.474 85.367.037.901 AT THE END OF THE YEAR
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS
AKHIR TAHUN AT END OF THE YEAR
TERDIRI DARI: CONSISTS OF:
Kas 23.411.401 11.159.275 Cash on hand
Bank 3.555.514.073 6.955.878.626 Cash in bank
Setara kas 7.186.000.000 78.400.000.000 Cash equivalents
(3)
Index for Indonesia Financial Services Authority
Indeks untuk Otoritas Jasa Keuangan
Ikhtisar Data Keuangan Penting Informasi Saham
Laporan Dewan Komisaris Laporan Direksi
Proil Perusahaan
Nama dan Alamat Lengkap Perusahaan Riwayat Singkat Perusahaan
Kegiatan Usaha Perusahaan Struktur Organisasi
Visi dan Misi Perusahaan Proil Dewan Komisaris Proil Direksi
Jumlah Karyawan dan Deskripsi Pengembangan Kompetensinya Komposisi Pemegang Saham
Daftar Entitas Anak Dan/Atau Entitas Asosiasi Kronologi Pencatatan Saham
Kronologi Pencatatan Efek Lainnya
Nama dan Alamat Lembaga Dan/Atau Profesi Penunjang Pasar Modal
Penghargaan Yang Diterima Dalam Tahun Buku Terakhir Dan/Atau Sertiikasi Yang Masih Berlaku Dalam Tahun Buku Terakhir Analisa dan Pembahasan Manajemen Tinjauan Operasi Per Segmen Usaha Analisis Kinerja Keuangan Perusahaan Bahasan dan Analisis Tentang Tingkat Kemampuan Membayar Utang dan Tingkat Kolektibilitas Piutang Perusahaan
Bahasan tentang Struktur Modal dan Kebijakan Manajemen atas Struktur Modal Bahasan Mengenai Ikatan Yang Material Untuk Investasi Barang Modal
Informasi dan Fakta Material yang terjadi Setelah Tanggal Laporan Akuntan Prospek Usaha
Summary of Important Financial Data Information of Shares
Board of Commissioners’ Report Board of Directors’ Report
Company Proile
Company’s Name and Address Company's Brief History Company's Business Activities Organization Structure Company's Vision and Mission
Proile of the Board of Commissioners Proile of the Board of Directors
Number of Employees and Description of Their Competency Development
Composition of Shareholders
List of Subsidiaries And/Or Associated Companies Chronology of the Company Share Listing Chronology of Other Securities Listing
Name and Address of Supporting Institutions and Professionals
Awards Obtained in the Latest Fiscal Year
And/Or Certiication That Were Valid in the
Latest Fiscal Year
Management's Discussion and Analysis Overview of Business Segment by Segment Financial Performance Analysis
Discussion and Analysis on the Company's Liability Settlement and Receivable Collection
Discussion on the Company's Capital Structure and the Management's Policy on the Capital Structure Discussion on Material Commitments for Capital Investments
Material Information and Facts that Occurred After the Date of the Auditor's Report
Business Prospect 4 6 12 16 30 32 34 34 36 35 37 38 40 44 45 45
( not applicable / tidak ada )
46 47 48 52 54 57 58 58 59 60
Index
Page
Indeks Halaman(4)
Perbandingan Antara Target/Proyeksi Pada Awal Tahun Buku dengan Hasil Yang Dicapai: • Pendapatan
• Laba
• Struktur Permodalan
Target/Proyeksi Yang Ingin Dicapai Pemasaran
Kebijakan Dividen dan Tanggal Serta Jumlah Dividen Yang Dibayar
Realisasi Penggunaan Dana Hasil Penawaran Umum
Informasi Material • Investasi • Ekspansi • Divestasi • Peleburan Usaha • Akuisisi
• Restrukturisasi Utang • Transaksi Ailiasi
• Transaksi Mengandung Benturan Kepentingan
Perubahan Peraturan Perundang-undangan Perubahan Kebijakan Akuntansi
Tata Kelola Perusahaan Dewan Komisaris Direksi
Komite Audit Komite Lain
Sekretaris Perusahaan Unit Audit Internal
Sistem Pengendalian Interen Sistem Manajemen RIsiko Perkara Hukum Material Sanksi Administratif
Kode Etik & Budaya Perusahaan Program Kepemilikan Saham Karyawan Perusahaan
Sistem Pelaporan Pelanggaran Tanggung Jawab Sosial Perusahaan
Surat Pernyataan Anggota Dewan Komisaris dan Direksi tentang Tanggung Jawab atas Laporan Tahunan 2014 PT Wismilak Inti Makmur, Tbk.
Comparison Between Target/Projection At The Beginning of the Fiscal Year with the Achieved Results:
• Revenue
• Proit
• Capital Structure
Target/Projection of Future Achievements Marketing
Dividend Policy and Date And Amount of Dividend Distributed
Actual Use of Proceeds from Public Offering
Material Information
• nvestments
• Expansions
• Divestments
• Merger
• Acquisition
• Capital Restructuring
• Transactions with Afiliated Parties • Transactions with Conflict of
Interests
Changes of Rule and Regulations Changes in Accounting Policy Corporate Governance Board of Commissioners Board of Directors Audit Committee Other Committees Corporate Secretary Internal Audit Unit Internal Control System Risk Management System Material Legal Cases Administrative Sanction
Code of Conduct & Corporate Culture Employee Stock Allocation
Programme
Whistleblowing System Corporate Social Responsibility Statement of Members of the Board of Commissioners and the Board of Directors on the Responsibility for the 2014 Annual Report of PT Wismilak Inti Makmur, Tbk.
60 60 61 62 64 64 65 65 66 72 74 77 79 80 81 83 84 87 87 87 88 88 90 102
(5)
(6)
PT Wismilak Inti Makmur, Tbk Annual Report / Laporan Tahunan 2014
PT Wismilak Inti Makmur, Tbk
2014 Annual Report
Laporan Tahunan 2014
Grha Wismilak Dr. Soetomo No. 27 Surabaya, East-Java Indonesia Telp: +6231 295 2899