15
INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2014
As an active member of the Cocoa Sustainability Partnership
(CSP), the Group refocused in revitalizing and replanting its cocoa
plantation in East Java and North Sulawesi, which has resulted in
productivity improvement.
Plantation Division: Rubber
As at 31 December 2014, our nucleus rubber estates occupied
some 21,697 hectares. The Division’s rubber production was
flat at 18,400 tonnes during the year due to stagnant land
expansion and some replanting activities.
Plantation Division: Sugar
The Group’s sugar cane estate in South Sumatra expanded
to 13,062 hectares in 2014. We are working towards
a targeted planted area of 18,000 hectares of sugar
cane. Harvested sugar cane amounted to approximately
701,000 tonnes.
In Central Java, the Group has tolling arrangements with local
farmers who supply the sugar cane for our 4,000 tonnes of
cane per day (TCD) sugar mill. The Group retains a portion of
the sugar and molasses produced as a milling fee, while the
balance of the sales proceeds are returned to the farmer. In
2014, we processed 452,000 tonnes of sugar cane.
Through a 50% stake in CMAA, the Group has a cane planted
area of 47,554 hectares, processed 3,511,000 tonnes of sugar
cane, producing 224,000 tonnes of sugar and 145,000 M
3
of ethanol. Via a 30% investment in FPNRL, which holds a
34% stake in RHI in the Philippines, the Group processed
approximately 3,247,000 tonnes of sugar cane, producing
312,000 tonnes of raw sugar and 103,000 tonnes of refined
sugar in 2014. RHI also produced 32,000 M
3
of ethanol from
molasses and raw sugar.
Edible Oils & Fats Division
In 2014, the Edible Oils & Fats Division processed
approximately 877,000 tonnes of CPO (including 70%
from our own plantations). It manages five refineries with a
total annual CPO processing capacity of 1.4 million tonnes.
Additionally, the Division produced and sold small amounts
of palm
-
based products derived from oil palm refining, such
as refined, bleached and deodorised palm oil (RBDPO), palm
stearin and palm fatty acid distillate.
0.5
1.5
0.8
1.4
1.1
2013
2010
2011
2012
(Restated)
2014
Attributable Profit to Equity Holders
(RP trillion)
2012
(Restated)
2013
2010
2011
(Restated)
2014
NAV per share
(RP)
10,322
7,605
8,825
9,500 9,876
Profit from Operations
(RP trillion)
2013
2010
2011
2012
(Restated)
2014
3.0
2.7
2.5
3.8
1.7
Revenue
(RP trillion)
2010
2011
2012
2013
2014
9.5
12.6
13.8
13.3
15.0
