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2 PT Alam Sutera Realty Tbk Laporan Tahunan 2016 Daftar Isi TABLE OF CONTENT I KILAS KINERJA 45 Profil Direksi | Board of Directors’ Profile PERFORMANCE OF 2016 50 Sumber Daya Manusia | Human Resources 04 Ikhtisar Keuangan | Financial Highlights 54 Komposisi Pemegang Saham | 06 Ikhtisar Saham | Stock Highlights Composition of Shareholders 54 Kronologis Pencatatan Saham | Share-Listing Chronology II LAPORAN MANAJEMEN 56 Struktur Grup Perusahaan | MANAGEMENT REPORT Company Group Structure 08 Laporan Dewan Komisaris | Report from 58 Entitas Anak Perusahaan | Subsidiaries Board of Commissioners 59 Nama dan Alamat Perusahaan 12 Laporan Direksi | Report from Board Pemeringkat Efek | Company Stock Rating of Directors Agencies’ Names and Addresses 60 Lembaga Profesi Penunjang Perusahaan | III PROFIL PERUSAHAAN Supporting Professionals and Institutions COMPANY PROFILE 61 Penghargaan | Awards 20 Sekilas Perusahaan | Company in Brief 24 Bidang Usaha | Line of Business 30 Kilas Balik Perusahaan | Company Milestone IV ANALISIS & PEMBAHASAN 34 Peristiwa Penting 2016 | MANAJEMEN Significant Events 2016 MANAGEMENT DISCUSSION & ANALYSIS 36 Struktur Organisasi | Organization Structure 64 Tinjauan Ekonomi Global | 38 Visi, Misi, dan Nilai Budaya Perusahaan | Global Economic Review Vision, Mission, and Company Culture 64 Tinjauan Ekonomi Indonesia | 40 Profil Dewan Komisaris | Indonesia Economic Outlook Board of Commissioners’ Profile 65 Tinjauan Industri Properti Indonesia | Indonesia Property Industry Overview Annual Report 2016 PT Alam Sutera Realty Tbk 3 65 Tinjauan Operasional | Operational Review 111 Manajemen Risiko | Risk Management 68 Tinjauan Keuangan | Financial Review 112 Perkara Litigasi | Litigation 76 Kebijakan Dividen | Dividend Policy 113 Kode Etik | Code Of Ethics 76 Realisasi Penggunaan Dana Hasil Penawaran 113 Budaya Perusahaan | Company Culture Umum | Use of Proceed from Initial Public 114 Akuntan Publik | Public Accounting Firm Offering 117 Tanggung Jawab Sosial Perusahaan | Corporate Social Responsibility V TATA KELOLA PERUSAHAAN CORPORATE GOVERNANCE VI LAPORAN KEUANGAN 83 Rancangan Strategis GCG | GCG Roadmap FINANCIAL REPORT 83 Struktur Tata Kelola | Governance Structure 126 Tanggung Jawab Laporan Tahunan | 84 Rapat Umum Pemegang Saham | General Responsibility for Annual Reporting Meeting of Shareholders 91 Dewan Komisaris | Board of Commissioners 95 Direksi | Board of Directors 100 Komite Audit | Audit Committee 104 Komite Remunerasi dan Nominasi | Remuneration and Nomination Committee 105 Sekretaris Perusahaan | Corporate Secretary 106 Unit Audit Internal | Internal Audit Unit 110 Sistem Pengendalian Internal | Internal Control System 4 PT Alam Sutera Realty Tbk Laporan Tahunan 2016 Ikhtisar Keuangan FINANCIAL HIGHLIGHTS Laporan Laba Rugi 2016 2015 2014 Consolidated Income Statement Konsolidasi Penjualan dan Pendapatan 2,715,689 2,783,700 3,630,914 Sales and Revenue Laba Bruto 1,464,859 2,056,063 2,306,718 Gross Profit EBITDA 1,184,820 1,729,407 1,983,599 EBITDA Laba Usaha 1,096,447 1,627,715 1,907,766 Operating Profit Jumlah Laba (Rugi) Komprehensif 520,649 686,485 1,176,955 Total Comprehensive Income Jumlah Laba Komprehensif yang Dapat Comprehensive Income Attribute to: Diatribusikan kepada: Pemilik Entitas Induk 519,100 598,743 1,097,418 Owners of the Company Kepentingan 1,549 87,742 79,537 Non-controlling Interest Non-pengendali Jumlah Rata-rata Saham Beredar (Juta Saham) 19,649 19,649 19,649 Average Outstanding Share (In Million Share) Income (Loss) Per Share After Laba (Rugi) Per Saham 25.89 30.36 55.85 Adjustment of Proforma Effect Neraca Konsolidasi Consolidated Balance Sheets Total Aset 20,186,131 18,709,870 16,924,367 Total Assets Total Liabilitas 12,998,286 12,107,460 10,553,173 Total Liabilities Hutang Bank 1,511,858 1,149,499 230,000 Bank Loan Uang Muka Penjualan 2,682,021 2,796,123 2,887,297 Sales Advances Utang Obligasi 6,321,931 6,218,261 6,376,187 Bonds Payable Liabilitas Lainnya 2,482,476 1,943,577 1,059,689 Others Liabilities Hak Minoritas 105,175 147,959 253,119 Minority Interest Total Ekuitas 7,187,845 6,602,410 6,371,194 Total Equity Rasio Keuangan Financial Ratios Marjin Laba Bruto 54% 74% 64% Gross Profit Margin Marjin Laba Usaha 40% 58% 53% Operating Profit Margin Marjin Laba Bersih 19% 25% 32% Net Profit Margin Laba Bersih terhadap Ekuitas 7% 10% 18% Return On Equity Laba Bersih terhadap Aset 3% 4% 7% Return On Assets Liabilitas terhadap Ekuitas 181% 183% 166% Total Liabilities to Equity Liabilitas terhadap Aset 64% 65% 62% Total Liabilities to Assets Hutang Berbunga terhadap Ekuitas 109% 112% 104% Interest Bearing Debt to Equity Hutang Berbunga terhadap Aset 39% 39% 39% Interest Bearing Debt to Assets Rasio Lancar 90% 72% 114% Current Ratio Angka-angka pada seluruh tabel dan grafik. Dalam jutaan Rupiah, kecuali laba bersih per saham, data saham dan rasio keuangan. Numerical notation in all tables & graphics are in million Rupiah. except for earning per share, share data and financial ratio. Annual Report 2016 PT Alam Sutera Realty Tbk 5 Pendapatan REVENUE Juta Rp | Million Rp 3,630,914 2,783,700 2,715,689 Laporan Laba Rugi 2016 2015 2014 Consolidated Income Statement Konsolidasi 2016 2015 2014 Penjualan dan Pendapatan 2,715,689 2,783,700 3,630,914 Sales and Revenue Laba Bruto 1,464,859 2,056,063 2,306,718 Gross Profit EBITDA 1,184,820 1,729,407 1,983,599 EBITDA Laba Usaha 1,096,447 1,627,715 1,907,766 Operating Profit EBITDA Jumlah Laba (Rugi) Komprehensif 520,649 686,485 1,176,955 Total Comprehensive Income EBITDA Juta Rp | Million Rp Jumlah Laba Komprehensif yang Dapat Comprehensive Income Attribute to: Diatribusikan kepada: 1,983,599 Pemilik Entitas Induk 519,100 598,743 1,097,418 Owners of the Company 1,729,407 Kepentingan 1,549 87,742 79,537 Non-controlling Interest Non-pengendali 1,184,820 Jumlah Rata-rata Saham Beredar (Juta Saham) 19,649 19,649 19,649 Average Outstanding Share (In Million Share) Income (Loss) Per Share After Laba (Rugi) Per Saham 25.89 30.36 55.85 Adjustment of Proforma Effect 2016 2015 2014 Neraca Konsolidasi Consolidated Balance Sheets Total Aset 20,186,131 18,709,870 16,924,367 Total Assets Total Liabilitas 12,998,286 12,107,460 10,553,173 Total Liabilities Hutang Bank 1,511,858 1,149,499 230,000 Bank Loan Laba Usaha Uang Muka Penjualan 2,682,021 2,796,123 2,887,297 Sales Advances OPERATING PROFIT Utang Obligasi 6,321,931 6,218,261 6,376,187 Bonds Payable Juta Rp | Million Rp Liabilitas Lainnya 2,482,476 1,943,577 1,059,689 Others Liabilities Hak Minoritas 105,175 147,959 253,119 Minority Interest 1,907,766 Total Ekuitas 7,187,845 6,602,410 6,371,194 Total Equity 1,627,715 Rasio Keuangan Financial Ratios 1,096,447 Marjin Laba Bruto 54% 74% 64% Gross Profit Margin Marjin Laba Usaha 40% 58% 53% Operating Profit Margin Marjin Laba Bersih 19% 25% 32% Net Profit Margin Laba Bersih terhadap Ekuitas 7% 10% 18% Return On Equity Laba Bersih terhadap Aset 3% 4% 7% Return On Assets 2016 2015 2014 Liabilitas terhadap Ekuitas 181% 183% 166% Total Liabilities to Equity Liabilitas terhadap Aset 64% 65% 62% Total Liabilities to Assets Hutang Berbunga terhadap Ekuitas 109% 112% 104% Interest Bearing Debt to Equity Hutang Berbunga terhadap Aset 39% 39% 39% Interest Bearing Debt to Assets Aset Rasio Lancar 90% 72% 114% Current Ratio ASSETS Angka-angka pada seluruh tabel dan grafik. Juta Rp | Million Rp Dalam jutaan Rupiah, kecuali laba bersih per saham, data saham dan rasio keuangan. Numerical notation in all tables & graphics are in million Rupiah. 20,186,131 except for earning per share, share data and financial ratio. 18,709,870 16,924,367 2016 2015 2014 6 PT Alam Sutera Realty Tbk Laporan Tahunan 2016 Ikhtisar Saham STOCK HIGHLIGHTS Kinerja Saham 2016 | 2016 Stock Performance Volume Bulan Tertinggi Terendah Penutupan Nilai Saham Tercatat Kapitalisasi Pasar Perdagangan Month Highest Lowest Closing Shares Volume Amount Listed Shares Market Capitalization Jan 352 317 321 551,377,100 181,698,402,300 19,649,411,888 6,307,461,216,048 Feb 379 322 344 1,101,403,100 384,014,060,200 19,649,411,888 6,759,397,689,472 Mar 400 345 372 1,372,871,100 519,277,602,700 19,649,411,888 7,309,581,222,336 Apr 426 370 396 1,213,642,100 484,565,223,400 19,649,411,888 7,781,167,107,648 Mei 412 360 386 1,137,541,700 434,811,960,400 19,649,411,888 7,584,672,988,768 Jun 515 384 480 2,477,174,900 1,130,965,910,800 19,649,411,888 9,431,717,706,240 Jul 560 472 525 1,725,970,300 876,835,457,300 19,649,411,888 10,315,941,241,200 Ags 585 476 492 1,680,099,100 896,706,172,400 19,649,411,888 9,667,510,648,896 Sep 510 436 462 1,037,489,800 496,062,250,500 19,649,411,888 9,078,028,292,256 Okt 482 436 448 842,075,700 386,138,481,000 19,649,411,888 8,802,936,525,824 Nov 454 362 380 781,604,900 315,242,656,600 19,649,411,888 7,466,776,517,440 Des 404 332 352 636,304,400 236,648,390,800 19,649,411,888 6,916,592,984,576 Kinerja Saham 2015 | 2015 Stock Performance Volume Bulan Tertinggi Terendah Penutupan Nilai Saham Tercatat Kapitalisasi Pasar Perdagangan Month Highest Lowest Closing Shares Volume Amount Listed Shares Market Capitalization Jan 620 550 595 1,792,380,300 1,053,087,712,500 19,649,411,888 11,691,400,073,360 Feb 700 585 670 2,410,036,500 1,554,834,667,500 19,649,411,888 13,165,105,964,960 Mar 675 525 555 2,695,770,400 1,568,380,988,500 19,649,411,888 10,905,423,597,840 Apr 680 545 615 2,174,371,300 1,367,567,158,000 19,649,411,888 12,084,388,311,120 Mei 675 600 600 1,068,306,200 685,323,061,000 19,649,411,888 11,789,647,132,800 Jun 625 500 575 1,279,803,000 716,666,871,000 19,649,411,888 11,298,411,835,600
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