PT. Astra Otoparts Tbk Business Report FY ended Dec. 2017

Financial Overview

(in billion IDR)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 Rate of Change
Sales 13,549.9 12,806.9 5.8
Net Income 551.4 418.2 31.9

New Company

-Visteon announced that the company and Astra Otoparts are expanding the production and supply of instrument clusters and multi-function displays to major vehicle and motorcycle manufacturers in Vietnam. As a fully owned subsidiary of the Astra Visteon Indonesia, a 50-50 joint venture between Visteon and the Company, the new Vietnam facility Astra Visteon Vietnam will initially manage pre-delivery, quality inspection and just-in-time delivery of instrument clusters and information displays for Honda’s manufacturing facility in Hanoi. Astra Visteon Vietnam is located in Hanoi, and will start operations in January 2018. (From a press release on November 15, 2017)

R&D Expenditures

-The Company invested IDR 0.6 billion in research and development during the fiscal year ended December 31, 2017.

R&D Facilities

-The Company conducts R&D activities mainly in the Engineering Development Center Division, established in 2012. More than 100 engineers engage in research and development activities.

Capital Expenditure

-The Company’s capital expenditure in the fiscal year ended December 31, 2017 totaled IDR 412.5 billion.