Bukit Darmo Property Tbk

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    BUKIT DARMO PROPERTY TBK.

    Company Profile

    PT Bukit Darmo Property Tbk (the Company) was established based on Notarial Deed No.

    11 of Sugino Saputro,S.H., dated July 12th

    1989.

    Based on the Companys Articles of Association, the scope of its activities is contractors in

    the technical field of work, among other areas of civil works, architecture, decor, electrical

    and mechanical business in the field of repair and maintenance; doing business in real

    estate by working on land acquisition, land clearing for development and maturation of

    housing and housing-construction others, to buy and sell land and buildings, and do all actsand actions that directly or indirectly related to these efforts; doing business in general

    trading of all kinds of things that can be done, including exports, imports, inter-island and

    local and in this case acts as a distributor, wholesaler, commissioners and agents

    commercial business companies, other companies both inside and outside the country;

    doing business in agriculture, forestry, animal husbandry and perikananan; do business in

    the industrial sector; to do business in the field of transporting goods and passengers;

    doing business in the field of mining exploration and exploitation; do business in the

    provision of services in general, except for legal services.

    As of June 2010, the Company's business activities are the development, sales of

    condominiums, land and maturation of contractor activities.

    The Company is domiciled at Jalan Khairil Anwar No. 2,1 Surabaya. While the condominium

    project located at Jalan Bukit Darmo Boulevard No. 9, Surabaya.

    The Company has direct and indirect ownership in subsidiaries: PT IPAC Graha Sentosa, PT

    Sentra Multi Unggul and subsidiaries, PT Multi Unggul Sejahtera Utama and PT Mitra Multi

    Unggul.

    August 2010Disclaimer:

    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 orof 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 beby any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for anyadvice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

    C O M P A N Y R E P O R T C O M P A N Y R E P O R T

    BKDP

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    TRADING ACTIVITIES

    Freq. Volume Value

    Month High Low Close (X) (Thou. Sh) (Mill ion Rp)

    Jun-07 345 204 270 9,180 1,318,455 399,154 11

    Jul-07 315 260 260 4,339 530,671 156,351 22

    Aug-07 260 150 190 2,335 100,259 20,540 22

    Sep-07 270 185 270 3,713 276,253 65,444 20

    Oct-07 270 245 250 1,698 122,272 31,663 20

    Nov-07 250 190 200 942 36,521 8,250 22

    Dec-07 230 190 210 1,354 71,113 14,713.0 16

    Jan-00

    Jan-08 210 130 165 911 40,169 7,228 20

    Feb-08 215 155 205 1,498 56,625 11,285 19

    Mar-08 200 140 160 694 19,323 3,462 18

    Apr-08 160 136 138 249 343,855 53,274 21

    May-08 235 140 220 6,918 648,771 129,435 20

    Jun-08 220 155 155 1,181 107,518 21,025 20

    Jul-08 185 135 160 353 2,453 380 20

    Aug-08 158 130 132 85 151,841 30,264 14

    Sep-08 139 75 93 202 2,939 293 20

    Oct-08 90 50 50 235 8,015 499 18Nov-08 59 50 52 85 681,078 35,410 17

    Dec-08 52 50 50 1,149 11,443 574 13

    Jan-00

    Jan-09 55 50 50 439 4,925 253 11

    Feb-09 51 50 50 18 257 13 7

    Mar-09 55 50 51 323 6,360 331 9

    Apr-09 68 50 63 1,791 732,834 37,754 20

    May-09 100 60 84 1,730 40,111 3,154 20

    Jun-09 105 70 95 1,048 54,389 4,774 22

    Jul-09 124 85 124 2,175 1,444,039 83,146 20

    Aug-09 140 117 126 2,681 187,130 24,186 20

    Sep-09 127 118 123 1,634 40,866 4,971 18

    Day

    Bukit Darmo Property Tbk [S]

    Closing Price

    200

    400

    600

    800

    1,000

    1,200

    1,400

    50

    100

    150

    200

    250

    300

    350

    Jun 07 Jun 08 Jun 09 Jun 10

    BUKIT DARMO PROPERTY TBK [S]

    JUNE 2007 - AUGUST 2010

    CLOSING PRICE* AND TRADING VOLUMEClosing

    Price*Volume(Mill.Sh)

    60%

    90%

    60%

    90%

    Jakarta Composite Index

    Property Index

    Closing Price

    CHANGE OF CLOSING PRICE

    JUNE 2007 - AUGUST 2010

    PROPERTY INDEX AND JAKARTA COMPOSITE INDEX

    BKDP

    Oct-09 138 86 100 3,467 99,220 12,376 22

    Nov-09 117 90 95 1,764 38,837 4,114 19

    Dec-09 159 96 153 18,007 1,684,372 166,581 19

    Jan-00

    Jan-10 153 120 126 5,431 240,887 31,161 20

    Feb-10 141 126 138 9,984 913,346 122,704 19

    Mar-10 146 133 143 7,951 686,822 96,668 22

    Apr-10 143 133 137 2,755 270,868 37,534 21

    May-10 137 124 131 1,432 125,517 16,404 19

    Jun-10 220 132 156 25,261 2,179,683 373,781 22

    Jul-10 158 101 108 6,080 276,376 36,079 22

    Aug-10 123 98 111 14,251 797,469 91,231 21

    Sep-10

    Oct-10

    Nov-10

    Dec-10

    Jan-00Jan-11

    SHARES TRADED 2006 2007 2008 2009 Aug-10 Feb-11

    Volume (Million Shares) 0 2,456 2,074 4,333 5,491 Mar-11

    Value (Billion Rp) 0 696 293 342 806 Apr-11

    Frequency (X) 0 23,561 13,560 35,077 73,145 May-11

    Days 0 133 220 207 166 Jun-11

    Jul-11

    Price (Rupiah) Aug-11

    High 0 345 235 159 220 Sep-11

    Low 0 150 50 50 98 Oct-11

    Close 0 210 50 153 111 Nov-11

    Close* 0 210 50 153 111 Dec-11

    Jan-00

    PER (X) 474.77 363.71 206.05 169.69 Jan-12

    PER Industry (X) 20.72 3.61 23.33 24.65 Feb-12

    PBV (X) 1.98 0.47 1.43 1.18 Mar-12

    Apr-12

    * Adjusted price after corporate action

    200

    400

    600

    800

    1,000

    1,200

    1,400

    50

    100

    150

    200

    250

    300

    350

    Jun 07 Jun 08 Jun 09 Jun 10

    BUKIT DARMO PROPERTY TBK [S]

    JUNE 2007 - AUGUST 2010

    CLOSING PRICE* AND TRADING VOLUMEClosing

    Price*Volume(Mill.Sh)

    -90%

    -60%

    -30%

    -

    30%

    60%

    90%

    -90%

    -60%

    -30%

    -

    30%

    60%

    90%

    Jun 07 Jun 08 Jun 09 Jun 10

    Jakarta Composite Index

    Property Index

    Closing Price

    CHANGE OF CLOSING PRICE

    JUNE 2007 - AUGUST 2010

    PROPERTY INDEX AND JAKARTA COMPOSITE INDEX

    BKDP

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    Financial Data and Ratios

    Public Accountant : Hadori Sugiarto Adi & Rekan (Member of HLB International) Book End : December

    BALANCE SHEET Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010

    (Million Rp except Par Value)

    Cash & Cash Equivalents 78,395 25,321 2,515 138,781

    Bukit Darmo Property Tbk. [S] BKDP

    1,125

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    Receivable 8,639 69,601 72,597 94,765

    Inventories - 168,814 - -

    Investment - 99,000 70,600 -

    Fixed Assets 327,163 416,856 445,958 483,646

    Other Assets - 1,712 4,434 4,463

    Total Assets 730,905 925,683 861,241 1,013,561

    Growth (%) 26.65% -6.96% 17.69%

    -

    225

    450

    675

    900

    1,125

    2007 2008 2009 Jun-10

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    Trade Payable 461 84,923 31,245 -

    Total Liabilities 94,574 285,366 228,060 3,187

    Growth (%) 201.74% -20.08% -98.60%

    Minority Interest 255 309 335 419

    Authorized Capital 1,200,000 1,200,000 1,200,000 1,200,000Paid up Capital 600,150 602,449 602,449 695,896

    Paid up Capital (Shares) 6,002 6,024 6,024 6,959

    Par Value 100 100 100 100

    -

    225

    450

    675

    900

    1,125

    2007 2008 2009 Jun-10

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    636 640 633

    764

    458

    611

    764

    TOTAL EQUITY (Billion Rupiah)

    Retained Earnings 2,988 3,816 -3,347 2,271

    Total Equity 636,076 640,009 632,845 763,510

    Growth (%) 0.62% -1.12% 20.65%

    INCOME STATEMENTS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010

    Total Revenues 18,681 195,482 31,173 42,593

    Growth (%) 946.43% -84.05%

    -

    225

    450

    675

    900

    1,125

    2007 2008 2009 Jun-10

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    636 640 633

    764

    -

    153

    305

    458

    611

    764

    2007 2008 2009 Jun-10

    TOTAL EQUITY (Billion Rupiah)

    TOTAL REVENUES (Billion Rupiah)Expenses 11,651 168,292 21,290 27,233

    Gross Profit 7,030 27,190 9,883 15,360Operating Expenses 7,791 16,929 15,881 7,939

    Operating Profit -761 10,261 -5,998 7,422

    Growth (%) N/A N/A N/A

    Other Income (Expenses) 3,796 -9,031 -373 183

    Income before Tax 3,035 1,230 -6,371 7,605

    Tax 155 368 772 1,903

    -

    225

    450

    675

    900

    1,125

    2007 2008 2009 Jun-10

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    636 640 633

    764

    -

    153

    305

    458

    611

    764

    2007 2008 2009 Jun-10

    TOTAL EQUITY (Billion Rupiah)

    19

    195

    3143

    39

    78

    117

    156

    TOTAL REVENUES (Billion Rupiah)

    Minority Interest -43 -34 -20 -84

    Net Income 2,837 828 -7,163 5,618

    Growth (%) -70.80% N/A

    RATIOS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010

    Dividend (Rp) - - - - -EPS (Rp) 0.47 0.14 -1.19 0.81

    BV (Rp) 105.99 106.23 105.05 109.72

    -

    225

    450

    675

    900

    1,125

    2007 2008 2009 Jun-10

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    636 640 633

    764

    -

    153

    305

    458

    611

    764

    2007 2008 2009 Jun-10

    TOTAL EQUITY (Billion Rupiah)

    19

    195

    3143

    -

    39

    78

    117

    156

    2007 2008 2009 Jun-10

    TOTAL REVENUES (Billion Rupiah)

    3

    6

    3

    6

    NET INCOME (Billion Rupiah)

    DAR (X) 0.13 0.31 0.26 0.00

    DER(X) 0.15 0.45 0.36 0.00

    ROA (%) 0.42 0.13 -0.74 0.75

    ROE (%) 0.48 0.19 -1.01 1.00

    GPM (%) 37.63 13.91 31.70 36.06

    OPM (%) -4.07 5.25 -19.24 17.42

    NPM (%) 15.18 0.42 -22.98 13.19

    Payout Ratio (%) - - - -

    Yield (%) - - - -

    -

    225

    450

    675

    900

    1,125

    2007 2008 2009 Jun-10

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    636 640 633

    764

    -

    153

    305

    458

    611

    764

    2007 2008 2009 Jun-10

    TOTAL EQUITY (Billion Rupiah)

    19

    195

    3143

    -

    39

    78

    117

    156

    2007 2008 2009 Jun-10

    TOTAL REVENUES (Billion Rupiah)

    3

    1

    6

    -7

    -7

    -5

    -2

    1

    3

    6

    2007 2008 2009 Jun-10

    NET INCOME (Billion Rupiah)

    -

    225

    450

    675

    900

    1,125

    2007 2008 2009 Jun-10

    Assets Liabilities

    TOTAL ASSETS AND LIABILITIES

    (Billion Rupiah)

    636 640 633

    764

    -

    153

    305

    458

    611

    764

    2007 2008 2009 Jun-10

    TOTAL EQUITY (Billion Rupiah)

    19

    195

    3143

    -

    39

    78

    117

    156

    2007 2008 2009 Jun-10

    TOTAL REVENUES (Billion Rupiah)

    3

    1

    6

    -7

    -7

    -5

    -2

    1

    3

    6

    2007 2008 2009 Jun-10

    NET INCOME (Billion Rupiah)