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.