1 Tentang Laporan Tahunan
Laporan Tahunan 2017 PT Indonesian Paradise Property Tbk ini diterbitkan sesuai Peraturan Otoritas Jasa Keuangan Nomor 29/POJK.04/2016 tanggal 29 Juli 2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik, Surat Edaran Otoritas Jasa Keuangan Nomor 30/SEOJK.04/2016 Tentang Bentuk dan Isi Laporan Tahunan Emiten Atau Perusahaan Publik, serta Keputusan Direksi PT Bursa Efek Jakarta Nomor Kep-306/BEJ/07-2004 tentang Peraturan Nomor I-E mengenai Kewajiban Penyampaian Informasi.
Tujuan utama penyusunan Laporan Tahunan PT Indonesian Paradise Property Tbk Tahun 2017 adalah meningkatkan keterbukaan informasi Perseroan yang ditunjukkan dalam lingkup eksternal dan internal. Selain itu, Laporan Tahunan ini juga memberikan gambaran kinerja serta pengelolaan Perseroan selama 1 (satu) tahun beroperasi di tahun 2017 serta perbandingannya dengan tahun 2016. Melalui terbitnya laporan ini, diharapkan seluruh Pemangku Kepentingan memperoleh informasi yang memadai terkait kebijakan serta pencapaian Perseroan selama tahun 2017.
Laporan Tahunan 2017 PT Indonesian Paradise Property Tbk disajikan dalam dua bahasa yaitu Bahasa Indonesia dan Bahasa Inggris dengan menggunakan jenis dan ukuran huruf yang mudah dibaca dan dipahami serta dicetak dengan kualitas baik. Sistem penulisan angka dalam semua tabel di dalam Laporan Tahunan ini menggunakan sistem penulisan angka dalam Bahasa Indonesia.
Laporan Tahunan ini dapat diunduh di website resmi PT Indonesian Paradise Property Tbk di alamat www.theparadise-group.com.
Sanggahan dan Batasan Tanggung Jawab Laporan Tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, proyeksi, rencana, strategi, kebijakan serta tujuan Perseroan, yang digolongkan sebagai pernyataan ke depan dalam pelaksanaan Peraturan Perundang-undangan yang berlaku, kecuali hal-hal yang bersifat historis. Pernyataan-pernyataan tersebut memiliki prospek risiko, ketidakpastian, serta dapat mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. Pernyataan-pernyataan prospektif dalam Laporan Tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi terkini dan kondisi mendatang Perseroan serta lingkungan bisnis di mana Perseroan menjalankan kegiatan usaha. Perseroan tidak menjamin bahwa dokumen-dokumen yang telah dipastikan keabsahannya akan membawa hasil-hasil tertentu sesuai harapan. Laporan Tahunan ini memuat kata “Perseroan” yang didefinisikan sebagai PT Indonesian Paradise Property Tbk yang menjalankan bisnis dalam bidang penyediaan akomodasi (hotel). Adakalanya kata “Perusahaan” digunakan atas dasar kemudahan untuk menyebut PT Indonesian Paradise Property Tbk secara umum.
2 About Annual Report
The 2017 Annual Report of PT Indonesian Paradise Property Tbk is published pursuant to the Regulation of Financial Services Authority No. 29/POJK.04/2016 dated 29 July 2016 on the Annual Report of issuer or Public Company, Circular Letter of Financial Services Authority No. 30/SEOJK.04/2016 on the Form and Contents of Annual Report of issuer or Public Company, and the Decision of Board of Directors of PT Bursa Efek Jakarta No. Kep-306/BEJ/07-2004 on the Regulation No. I-E on the Obligation to Disclose Information.
The 2017 Annual Report of PT Indonesian Paradise Property Tbk is primarily drawn up to enhance the Company’s information disclosure within internal and external environment of the Company. In addition, this Annual Report provides an overview on the Company’s performance and management during its operations in 2017 and its comparison with that of 2016. With the publication of this report, it is expected that all Stakeholders can acquire adequate information about the Company’s policy and achievements in 2017.
This Annual Report is presented in bilingual, namely Indonesian Language (Bahasa Indonesia) and English, uses font type and size that is easily read and understood, and is printed with good quality. All numbers written in the tables within this Annual Report follows the numbering system applicable in Indonesia.
This Annual Report can be downloaded from the official website of PT Indonesian Paradise Property Tbk at www.theparadise-group.com.
Disclaimer This Annual Report contains financial conditions, operation results, projections, plans, strategies, policies, as well as the Company’s objectives, which are classified as forward-looking statements in the implementation of the applicable laws, excluding historical matters. Such forward-looking statements are subject to known and unknown risks (prospective), uncertainties, and other factors that could cause actual results to differ materially from expected results. Prospective statements in this Annual Report are prepared based on numerous assumptions concerning current conditions and future events of the Company, and the business environment where the Company conducts business. The Company shall have no obligation to guarantee that all the valid documents presented will bring specific results as expected. This Annual Report contains the word “Company” hereinafter referred to PT Indonesian Paradise Property Tbk, as the Company that runs business in accommodation (hotel) services. The word “Company” is at times used to simply refer to PT Indonesian Paradise Property Tbk in general.
3 Penjelasan Tema Theme Explanation
“Sustainable Growth Through Enforcing Pillars of Business”
Fundamental ekonomi Indonesia yang kokoh, inflasi yang terjaga, serta daya beli masyarakat yang terus mengalami peningkatan mampu menciptakan consumer confident. Perseroan yakin dapat menghadapi tahun-tahun yang penuh tantangan dan meraih berbagai peluang yang ada melalui penerapan kebijakan strategis serta target peningkatan kinerja yang mampu meningkatkan performa Perseroan. Kebijakan strategis lainnya yang diterapkan sepanjang tahun 2017 adalah diversifikasi usaha dengan mulai memasuki wilayah operasional baru di luar Batam, Bali, Yogyakarta dan Jakarta dengan membangun beberapa proyek hotel dan apartemen di beberapa wilayah di Indonesia. Dalam jangka panjang, kami menargetkan untuk masuk pada sektor mixed use property yang terdiri dari perhotelan, pusat perbelanjaan, dan apartemen dalam satu kawasan yang terintegrasi. Dengan semangat kami optimis dapat menciptakan pertumbuhan yang berkelanjutan.
Strong national economic fundamentals, stable inflation rate as well as continuously growing public purchasing power are the factors that contribute to the creation of consumer confidence. The Company is optimistic to be able to overcome the challenging future and seize all opportunities with the right strategy, in addition to achieving targets to improve the Company’s performance. Other strategies implemented over the course of 2017 include business expansion by penetrating new operational areas outside of Batam, Bali, Yogyakarta and Jakarta through the development of new hotel, shopping centers and apartment projects. In the upcoming years, we aim to enter into mixed-use property sector which consists of hotel, shopping center, and apartment within one integrated area. With our strong commitment and spirit, as well as solid vision and focused business strategies, we are confident in our efforts to generate sustainable growth.
4 Daftar Isi Contents
09 KILAS KINERJA/ PERFORMANCE HIGHLIGHTS 09 Ikhtisar Data Keuangan Penting/ Key Financial Highlights 09 Ikhtisar Laba Rugi Konsolidasian/ Highlights on Consolidated Profit and Loss 10 Ikhtisar Posisi Keuangan Konsolidasian/ Highlights on Consolidated Financial Position 11 Ikhtisar Arus Kas Konsolidasian/ Highlights on Consolidated Cash Flow 12 Rasio Keuangan/ Financial Ratios 12 Grafik Ikhtisar Data Keuangan Penting/ Charts of Key Financial Highlights
14 INFORMASI SAHAM/ SHARE INFORMATION 14 Ikhtisar Saham/ Share Highlights 15 Grafik Pergerakan Saham/ Chart of Share Movement
15 PERISTIWA PENTING 2017/ 2017 IMPORTANT EVENTS
16 PENGHARGAAN & SERTIFIKASI/ AWARDS & CERTIFICATIONS
20 LAPORAN MANAJEMEN/ MANAGEMENT REPORTS 20 Laporan Dewan Komisaris/ Board of Commissioners Report 27 Laporan Direksi/ Board of Directors Report
34 PROFIL PERUSAHAAN/ COMPANY PROFILE 34 Identitas Perusahaan/ Corporate Identity 35 Jejak Langkah/ Milestones 36 Sekilas Perusahaan/ Company at a Glance 38 Visi, Misi dan Nilai-Nilai Perusahaan/ Vision, Mission and Values of the Company 40 Bidang Usaha/ Line of Business 40 Kegiatan Usaha/ Business Activities 40 Jasa yang Dihasilkan/ Services 40 Unit Usaha/ Business Units 42 Profil Dewan Komisaris dan Direksi/ Board of Commissioners and Board of Directors Profile 57 Pendidikan dan Pelatihan Dewan Komisaris, Direksi, Komite-Komite, Sekretaris Perusahaan dan Unit Internal Audit 2017/ Education and Training Activities for Board of Commissioners, Board of Directors, Committees, Corporate Secretary and Internal Audit Unit in 2017 59 Struktur Organisasi/ Organization Structure 60 Struktur Grup Perusahaan/ Company Group Structure 62 Komposisi Pemegang Saham/ Composition of Shareholders 63 Informasi Pemegang Saham Utama dan Pengendali/ Information on Main and Controlling Shareholders 63 Kepemilikan Saham Manajemen/ Share Ownership by Management 63 Jumlah Pemegang Saham dan Persentase Kepemilikan Berdasarkan Klasifikasi/ Number of Shareholders and Shareholding Percentage Based on Classification 64 Kronologi Pencatatan Saham/ Share Listing Chronology 73 Informasi Aksi korporasi/ Corporate Actions Information
5 73 Informasi Obligasi, Sukuk atau Obligasi Konversi yang Masih Beredar Dalam 2 (Dua) Tahun Buku Terakhir/ Information on Bonds, Sukuk or Convertible Bonds that were Outstanding in the Last 2 (Two) Fiscal Years 73 Kronologi Pencatatan Efek Lainnya/ Chronology of Other Securities Listing 73 Daftar Entitas Anak Perusahaan/ List of Subsidiary Entities 93 Lembaga dan Profesi Penunjang Pasar Modal / Capital Market Supporting Institutions and Professionals 93 Jaringan Kantor dan Wilayah Kerja/ Office Network and Operational Area 94 Informasi pada Website Perusahaan/ Information on Company Website
96 TINJAUAN PENDUKUNG BISNIS/ REVIEW ON BUSINESS SUPPORTS 96 Sumber Daya Manusia/ Human Resources 96 Profil Sumber Daya Manusia/ Human Resources Profile 98 Rekrutmen dan Pengembangan Karir/ Recruitment and Career Development 98 Pendidikan dan Pelatihan/ Education and Training Activities 101 Rencana, Fokus, dan Strategi Pengembangan Sumber Daya Manusia 2018/ Plan, Focus, and Human Resources Strategy for 2018 101 Teknologi dan Informasi/ Information and Technology 102 Rencana, Fokus, dan Strategi Teknologi Informasi 2018/ Plan, Focus, and Informartion Technology Informartion Technology Strategy for 2018
104 ANALISIS DAN PEMBAHASAN MANAJEMEN/ MANAGEMENT DISCUSSION AND ANALYSIS 104 Tinjauan Makroekonomi dan Industri/ Macroeconomic and Industrial Review 105 Tinjauan Operasi per Segmen Usaha/ Operational Overview per Business Segment 108 Pendapatan per Segmen Usaha/ Revenues per Business Segment 109 Profitabilitas/ Profitability 109 Analisis Kinerja Keuangan/ Analysis on Financial Performance 109 Laporan Posisi Keuangan/ Financial Position Statements 116 Laporan Laba Rugi/ Income Statements 118 Laporan Arus Kas/ Cash Flow Statements 119 Kemampuan Membayar Utang dan Tingkat Kolektibilitas Piutang/ Solvency and Receivables Collectability 121 Struktur Modal dan Kebijakan Manajemen atas Struktur Modal/ Capital Structure and Management Policy on Capital Structure 121 Ikatan Material untuk Investasi Barang Modal/ Material Commitment for Capital Goods Investment 122 Investasi Barang Modal yang Direalisasikan Pada Tahun Buku Terakhir/ Capital Goods Investment Realized in the Last Fiscal Year 122 Informasi dan Fakta Material yang terjadi setelah Tanggal Laporan Akuntan/ Material Information and Fact Subsequent to Accountant Report 122 Perbandingan antara Target, Realisasi 2017 Dan Proyeksi 2018/ Comparison between Target, Realization in 2017, and Projection for 2018 123 Kebijakan Dividen/ Dividend Policy 123 Realisasi Penggunaan Dana Hasil Penawaran Umum/ Use of Proceeds from Public Offering 125 Informasi Material Mengenai Investasi, Ekspansi, Divestasi, Penggabungan/Peleburan Usaha, Akuisisi atau Restrukturisasi Utang/Modal/ Material Information on Investment, Expansion, Divestment, Business Merger/Consolidation, Acquisition or Capital/Debt Restructuring 125 Informasi Transaksi Material yang Mengandung Benturan Kepentingan dan Transaksi dengan Pihak Afiliasi/ Information on Material Transaction Containing Conflict of Interest and Transaction with Affiliations 126 Perubahan Peraturan Perundang-Undangan yang Berpengaruh Signifikan Terhadap Kinerja Perusahaan/ Changes in Laws Regulations Having Significant Impact on Company Performance 126 Perubahan Kebijakan Akuntansi yang Diterapkan Pada Tahun Buku Terakhir/ Changes in Accounting Policies Implemented in the Last Fiscal Year 127 Aspek Pemasaran/ Marketing Aspect 127 Prospek Usaha/ Business Outlook 129 Informasi Kelangsungan Usaha/ Information on Business Continuity
6 133 TATA KELOLA PERUSAHAAN/ GOOD CORPORATE GOVERNANCE 133 Dasar dan Tujuan Penerapan Tata Kelola Perusahaan yang Baik/ Basis and Purpose of Good Corporate Governance Implementation 134 Prinsip-Prinsip Tata Kelola Perusahaan/ Good Corporate Governance Principles 135 Penilaian Penerapan Tata Kelola Perusahaan untuk Tahun Buku 2017/ Assessment on Good Corporate Governance Implementation in 2017 Fiscal Year 135 Prosedur Penilaian/ Assessment Procedures 135 Kriteria yang Digunakan dan Pihak yang Melakukan Assessment/ Assessment Criteria and Assessors 136 Rekomendasi/ Recommendation 136 Struktur Tata Kelola/ Governance Structure 137 Rapat Umum Pemegang Saham/ General Meeting of Shareholders 137 Keputusan Rapat Umum Pemegang Saham Tahunan Tahun 2017/ Resolutions of 2017 Annual General Meeting of Shareholders 138 Keputusan Rapat Umum Pemegang Saham Tahunan Tahun 2016/ Resolutions of the 2016 Annual General Meeting of Shareholders 139 Dewan Komisaris/ Board of Commissioners 139 Susunan Anggota Dewan Komisaris/ Composition of Board of Commissioners 140 Pedoman atau Piagam (Charter) Dewan Komisaris/ Guidelines or Charter of Board of Commissioners 140 Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris/ Implementation of Board of Commissioners Duties and Responsibilities 141 Kebijakan Mengenai Penilaian Kinerja Dewan Komisaris/ Performance Assessment Policy for Board of Commissioners 141 Penilaian Kinerja Komite di Bawah Dewan Komisaris/ Performance Assessment of Committees Under Board of Commissioners 141 Komisaris Independen/ Independent Commissioner 141 Kriteria/ Criteria 142 Pernyataan Independensi/ Independency Statement 142 Direksi/ Board of Directors 142 Susunan Anggota Direksi/ Composition of Board of Directors 143 Pernyataan Mengenai Pedoman atau Piagam (Charter) Direksi/ Statement on Guidelines or Charter of Board of Directors 143 Tugas dan Tanggung Jawab Direksi/ Duties and Responsibilities of Board of Directors 143 Ruang Lingkup Tugas dan Tanggung Jawab Masing-Masing Anggota Direksi/ Scope of Duties and Responsibilities of Each Member of Board of Directors 144 Kebijakan Perusahaan Tentang Penilaian Terhadap Kinerja Anggota Direksi/ Performance Assessment Policy for Members of Board of Directors 144 Keberagaman Komposisi Dewan Komisaris dan Direksi/ Diversity in Board of Commssioners and Board of Directors Compositions 148 Remunerasi Dewan Komisaris dan Direksi/ Remuneration for Board of Commissioners and Board of Directors 148 Prosedur dan Penetapan Remunerasi Direksi/ Procedures and Determination of Board of Directors Remuneration 149 Jumlah Remunerasi Dewan Komisaris dan Direksi/ Amount of Board of Commissioners and Board of Directors Remuneration 149 Pelaksanaan Rapat Dewan Komisaris, Direksi, serta Rapat Gabungan Dewan Komisaris dan Direksi/ Meetings of Board of Commissioners and Board Of Directors, and Joint Meetings of Board of Commissioners and Board of Directors 150 Rapat Dewan Komisaris/ Board of Commissioners Meetings 150 Rapat Direksi/ Board of Directors Meetings 150 Rapat Gabungan Dewan Komisaris dan Direksi/ Board of Commissioners and Board of Directors Joint Meetings 151 Program Pelatihan dan Pengembangan Kompetensi Dewan Komisaris dan Direksi/ Training and Competency Development Programs of Board of Commissioners and Board of Directors 151 Hubungan Afiliasi Dewan Komisaris dan Direksi/ Affiliations of Board of Commissioners and Board of Directors 152 Komite Audit/ Audit Committee 152 Susunan Anggota Komite Audit / Composition of Audit Committee 152 Profil Komite Audit/ Profile of Audit Committee 153 Independensi Komite Audit/ Independency of Audit Committee
7 153 Tugas, Tanggung Jawab, dan Wewenang Komite Audit/ Duties, Responsibilities, and Authority of Audit Committee 154 Piagam Komite Audit/ Charter of Audit Committee 154 Rapat Komite Audit/ Meetings of Audit Committee 155 Pelaksanaan Tugas Komite Audit 2017/ Duties of Audit Committee in 2017 156 Fungsi Komite Nominasi dan Remunerasi/ Function of Nomination and Remuneration Committee 156 Rapat Komite Nominasi dan Remunerasi serta Pelaksanaan Tugas Komite Nominasi dan Remunerasi/ Meeting and Duties of Nomination and Remuneration Committee 156 Sekretaris Perusahaan/ Corporate Secretary 157 Profil Sekretaris Perusahaan/ Profile of Corporate Secretary 157 Tugas dan Tanggung Jawab/ Duties and Responsibilities 158 Pelaksanaan Tugas dan Tanggung Jawab Sekretaris Perusahaan Tahun 2017/ Duties and Responsibilities of Corporate Secretary in 2017 158 Internal Audit/ Internal Audit 158 Profil Kepala Internal Audit/ Profile of Chief Internal Audit 159 Kualifikasi dan Sertifikasi sebagai Profesi Internal Audit/ Qualification and Certification as Internal Auditor 159 Piagam Internal Audit/ Internal Audit Charter 159 Struktur dan Posisi Internal Audit/ Structure and Position of Internal Audit 160 Tugas dan Tanggung jawab Internal Audit/ Duties and Responsibilities of Internal Audit 161 Wewenang/ Authority 161 Kode Etik/ Code of Conduct 162 Persyaratan/ Requirements 163 Independensi dan Objektivitas Internal Audit/ Independency and Objectivity of Internal Audit 164 Pelaksanaan Kegiatan Internal Audit Selama Tahun 2017/ Activities of Internal Audit in 2017 165 Auditor Independen/ Independent Auditor 166 Sistem Pengendalian Internal/ Internal Control System 172 Manajemen Risiko/ Risk Management 173 Perkara Penting yang Dihadapi Perusahaan Tahun 2017/ Legal Cases In 2017 174 Informasi Sanksi Administratif yang Dikenakan kepada Perusahaan/ Information on Administrative Sanction Imposed on the Company 174 Kode Etik Perusahaan/ Company Code of Conduct 175 Sistem Pelaporan Pelanggaran/ Whistleblowing System 176 Pernyataan Pemenuhan terhadap Tata Kelola Perusahaan/ Statement of Good Corporate Governance Fulfillment 177 Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka/ Implementation of Corporate Governance for Public Companies
183 TANGGUNG JAWAB SOSIAL PERUSAHAAN/ CORPORATE SOCIAL RESPONSIBILITY 183 Dasar Kebijakan/ Policy Basis 184 Tanggung Jawab Sosial Bidang Lingkungan Hidup/ Social Responsibility to the Environment 185 Tanggung Jawab Sosial Bidang Ketenagakerjaan, Kesehatan dan Keselamatan Kerja/ Social Responsibility in Manpower, Occupational Health and Safety 187 Tanggung Jawab Sosial Bidang Pengembangan Sosial dan Kemasyarakatan/ Responsibility in Social and Community Development 188 Tanggung Jawab Sosial terhadap Pelanggan/ Social Responsibility to Customers 189 Kegiatan Tanggung Jawab Sosial Perusahaan Tahun 2017/ Corporate Social Responsibility Activities in 2017
8 Kilas Kinerja Performance Highlights
IKHTISAR DATA KEUANGAN PENTING key financial highlights
Ikhtisar Laba Rugi Konsolidasian / Highlights on Consolidated Profit and Loss
Uraian / 2017 2016 2015 2014* 2013* Description Pendapatan Bersih / Net 595.692.044.724 547.492.009.881 587.087.865.753 579.474.747.358 433.708.623.954 Revenues Laba Bruto / 414.559.895.485 389.343.876.701 421.142.573.853 419.602.614.377 292.023.257.880 Gross Profit Laba Usaha/ 89.136.338.346 39.020.545.356 123.737.090.006 121.948.487.060 78.770.081.004 Operating Profit Laba Tahun Berjalan / Profit 147.427.151.843 181.566.742.860 112.287.513.857 60.711.753.324 26.252.943.818 for the Year Laba Tahun Berjalan yang dapat Diatribusikan kepada: / Profit for the Year Attributable to: Pemilik Entitas Induk 100.777.813.683 170.121.035.846 59.903.626.388 25.098.336.892 10.233.091.371 Owners of the Parent Kepentingan Non Pengendali 46.649.338.160 11.445.707.014 52.383.887.469 35.613.416.432 16.019.852.447 Non-Controlling Interest Jumlah Penghasilan Komprehensif Tahun Berjalan Setelah Pajak 144.220.164.480 180.697.292.740 113.118.531.290 59.092.980.146 26.252.943.818 Total Comprehensive Income for the Year Net of Tax Laba Komprehensif Tahun Berjalan yang dapat Diatribusikan kepada: Total Comprehensive Income for the Year Attributable to: Pemilik Entitas Induk 98.208.548.813 169.506.434.099 60.734.643.821 23.479.563.714 10.233.091.371 Owners of the Parent Kepentingan Non Pengendali 46.011.615.667 11.190.858.641 52.383.887.469 35.613.416.432 16.019.852.447 Non-Controlling Interest Laba per Saham Earnings per 9,01 15,21 8,96 11,22 4,08 Share
*Disajikan kembali berdasarkan Laporan Audit 2015 / Restated on 2015 Audit Report
9 Ikhtisar Posisi Keuangan Konsolidasian Highlights on Consolidated Financial Position
Uraian / Description 2017 2016 2015 2014* 2013*
Aset Lancar 585.012.548.372 353.087.115.120 442.875.440.986 333.887.025.834 304.771.340.783 Current Assets
Aset Tidak Lancar 6.082.908.928.272 4.802.666.281.863 4.458.187.088.672 1.857.352.220.562 1.850.238.763.575 Non-Current Assets
Jumlah Aset 6.667.921.476.644 5.155.753.396.983 4.901.062.529.658 2.191.239.246.396 2.155.010.104.358 Total Assets
Liabilitas Jangka Pendek 799.968.546.304 106.632.977.094 313.186.382.555 169.889.733.156 129.415.625.556 Current Liabilities
Liabilitas Jangka Panjang 1.633.018.664.052 960.174.170.081 635.854.413.277 780.025.713.834 844.945.004.182 Non-Current Liabilities
Jumlah Liabilitas 2.432.987.210.356 1.066.807.147.175 949.040.795.832 949.915.446.990 974.360.629.738 Total Liabilities
Jumlah Ekuitas 4.234.934.266.288 4.088.946.249.808 3.952.021.733.826 1.241.323.799.406 1.180.649.474.620 Total Equity
Jumlah Investasi pada Entitas Asosiasi Total Investments in Associate Entities 3.689.251.659.303 2.555.867.907.136 2.392.143.695.124 47.865.562.238 45.799.333.112
*Disajikan kembali berdasarkan Laporan Audit 2015 / Restated on 2015 Audit Report
10 Ikhtisar Arus Kas Konsolidasian Highlights on Consolidated Cash Flow
Uraian / 2017 2016 2015 2014* 2013* Description Arus Kas Bersih dari Aktivitas Operasi 211.480.891.922 100.067.311.679 62.130.885.734 81.648.775.493 157.304.504.840 Cash Flows from Operating Activities Arus Kas Bersih untuk Aktivitas Investasi (579.350.891.053) (253.876.095.128) (261.166.510.079) (132.826.958.533) (111.489.160.877) Cash Flows for Investing Activities Arus Kas dari Aktivitas Pendanaan 567.906.561.863 114.227.673.653 272.926.970.094 74.241.480.325 54.486.064.595 Cash Flows from Financing Activities Kenaikan (Penurunan) Bersih Kas dan Setara Kas Net 200.036.562.732 (39.581.109.796) 73.891.345.749 23.063.297.285 100.301.408.558 Increase (Decrease) Cash and Cash Equivalents Kas dan Setara Kas Entitas Anak yang Baru Diakuisisi Cash and Cash - - 10.627.295.033 - - Equivalents from Newly Acquired Subsidiaries Kas dan Setara Kas Awal Tahun Cash and Cash 247.903.815.289 287.484.925.085 202.966.284.303 179.902.987.018 79.601.578.460 Equivalents at Beginning of the Year Pengaruh Perubahan Kurs Mata Uang Asing terhadap Kas dan Setara Kas (7.714.812.829) - - - - Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents Kas dan Setara Kas Akhir Tahun Cash and Cash 440.225.565.192 247.903.815.289 287.484.925.085 202.966.284.303 179.902.987.018 Equivalents at End of Year
*Disajikan kembali berdasarkan Laporan Audit 2015 / Restated on 2015 Audit Report
11 Rasio Keuangan (%) Financial Ratio (%)
Uraian / Description 2017 2016 2015 2014 2013 Laba Bersih terhadap Jumlah Aset 2,21 3,52 2,29 2,77 1,22 Return On Assets Laba Bersih terhadap Ekuitas 3,48 4,44 2,84 4,89 2,22 Return On Equity Laba Bersih terhadap Pendapatan 24,75 33,16 19,13 10,48 6,05 Return On Revenues Liabilitas terhadap Ekuitas 57,45 26,09 24,01 76,52 82,53 Liabilities to Equity Liabilitas terhadap Jumlah Aset 36,49 20,69 19,36 43,35 45,21 Liabilities to Assets Rasio Imbal Hasil terhadap Investasi 4,00 7,10 4,69 126,84 57,32 Return on Investments Rasio Investasi terhadap Aset 55,33 49,58 48,81 2,18 2,13 Investment to Assets
Grafik Ikhtisar Data Keuangan Penting Charts of Key Financial Highlights
7.000.000.000.000 6.667.921.476.644
6.000.000.000.000
5.000.000.000.000 5.155.753.396.983 5.155.753.396.983
4.234.934.266.288 4.000.000.000.000 4.088.946.249.808 4.088.946.249.808
3.000.000.000.000
2.432.987.210.356 4.901.062.529.658 2.000.000.000.000 2.155.010.104.358
1.180.649.474.620 3.952.021.733.826 1.000.000.000.000 1.066.807.147.175 974.360.629.738 949.040.795.832 1.066.807.147.175 595.692.044.724 433.708.623.954 587.087.865.753 547.492.009.881 547.492.009.881
2013 2014 2015 2016 2017
Total Aset Total Ekuitas Total Liabilitas Pendapatan bersih
12 7.000.000.000.000 6.667.921.476.644
6.000.000.000.000
5.000.000.000.000 5.155.753.396.983 4.901.062.529.658
4.234.934.266.288 4.000.000.000.000 4.088.946.249.808 3.952.021.733.826
3.000.000.000.000
2.432.987.210.356 2.191.239.246.396 2.000.000.000.000 2.155.010.104.358
1.241.323.799.406 1.180.649.474.620 1.000.000.000.000 1.066.807.147.175 974.360.629.738 949.915.446.990 949.040.795.832 595.692.044.724 579.474.747.358 587.087.865.753 547.492.009.881 433.708.623.954
2013 2014 2015 2016 2017
Total Aset Total Ekuitas Total Liabilitas Pendapatan bersih
13 INFORMASI SAHAM Share INFORMATION
Informasi Saham / Share Information Emiten / Issuer PT Indonesian Paradise Property Tbk Kode Saham / Ticker Code INPP Pencatatan di Bursa Efek / Listing on Stock Ex- Bursa Efek Indonesia / Indonesia Stock Exchange change Biro Administrasi Efek / Share Registrar PT Adimitra Jasa Korpora Periode / Period Tahun 2017 dan Tahun 2016 / 2017 and 2016
IKHTISAR SAHAM SHARE HIGHLIGHTS 2017 Harga Saham (Rp) Share Price (Rp) Jumlah Saham Volume yang Beredar Kapitalisasi Pasar Periode Perdagangan (lembar) No Market Period Tertinggi Terendah Penutupan Trading Total Capitalization Highest Lowest Closing Volume (Unit) Outstanding Shares (share)
1 Triwulan 1 / 1st 630 540 615 34.082.000 11.181.971.732 6.876.912.615.180 Quarter 2 Triwulan 2 / 2nd 645 595 625 20.812.000 11.181.971.732 6.988.732.332.500 Quarter 3 Triwulan 3 / 3rd 630 610 610 14.273.000 11.181.971.732 6.821.002.756.520 Quarter 4 Triwulan 4 / 4th 800 610 650 166.295.000 11.181.971.732 7.268.281.625.800 Quarter
2016
Harga Saham (Rp) Share Price (Rp) Jumlah Saham Volume yang Beredar Periode Perdagangan (lembar) Kapitalisasi Pasar No Period Tertinggi Terendah Penutupan Trading Total Market Capitalization Highest Lowest Closing Volume (Unit) Outstanding Shares (share) 1 Triwulan 1 / 1st 433 314 428 27.249.000 11.181.971.732 4.785.883.901.296 Quarter 2 Triwulan 2 / 2nd 495 425 450 36.103.000 11.181.971.732 5.031.887.279.400 Quarter 3 Triwulan 3 / 3rd 462 440 446 10.998.000 11.181.971.732 4.987.159.392.472 Quarter 4 Triwulan 4 / 4th 570 440 565 31.103.000 11.181.971.732 6.317.814.028.580 Quarter
14 GRAFIK PERGERAKAN SAHAM CHART OF SHARE MOVEMENT
4 AUGUST
12 JULY PT RETZAN INDONUSA DAN PT ANUGERAH NUSARAYA (ANAK USAHA AKUISISI SAHAM PT PLAZA PERSEROAN) MEMPEROLEH PINJAMAN INDONESIA REALTY TBK SENILAI DARI PT BANK CHINA CONSTRUCTION RP290.400.000.000 MILIK BANK INDONESIA TBK (CCBI) SENILAI BUTTINGTON ASSETS LIMITED RP91.000.000.000
Acquisition of the shares of PT RETZAN INDONUSA AND PT PT Plaza Indonesia Realty Tbk ANUGERAH NUSARAYA (COMPANY’S amounting to Rp290,400,000,000 SUBSIDIARIES) OBTAINED LOANS FROM from Buttington PT BANK CHINA CONSTRUCTION BANK Assets Limited INDONESIA TBK (CCBI) AMOUNTING TO 12 MAY RP91,000,000,000
14 AUGUST PENYELENGGARAAN RAPAT UMUM PEMEGANG SAHAM TAHUNAN AKUISISI SAHAM PT PLAZA CONVENING OF ANNUAL INDONESIA REALTY TBK SENILAI GENERAL MEETING OF PERISTIWA RP620.754.000.000 MILIK UNIPAC SHAREHOLDERS OF THE HOLDING LIMITED COMPANY PENTING Acquisition of the shares of PT Plaza Indonesia Realty Tbk 2017 amounting to Rp620,754,000,000 from unipac holding 1 NOVEMBER IMPORTANT limited
Akuisisi saham PT Plaza EVENTS Indonesia Realty Tbk 19 AUGUST senilai Rp395.018.607.455 milik PT MNC Sekuritas 20 OCTOBER Acquisition of the shares PT Anugerah Nusaraya (anak of PT Plaza Indonesia usaha Perseroan) memperoleh Realty Tbk amounting to Perseroan memperoleh pinjaman dari PT Bank China Rp395,018,607,455 from PT fasilitas kredit dari UBS AG Construction Bank Indonesia MNC Sekuritas Cabang Singapura senilai TBK (CCBI) senilai Rp33.000.000.000 maksimal USD50.000.000 PT Anugerah Nusaraya The Company obtained credit (Company’s subsidiary) obtained facility from UBS AG of loans from PT Bank China Singapore Branch amounting Construction Bank Indonesia to USD50,000,000 at maximum TBK (CCBI) amounting to Rp33,000,000,000
15 PENGHARGAAN DAN SERTIFIKASI AWARDS AND CERTIFICATIONS
Penghargaan / Awards
Sepanjang 2017, Perseroan menerima Throughout 2017, the Company received penghargaan dari berbagai instansi several awards from various institutions as sebagai berikut: follows:
Peringkat 2 Penghargaan 100 Pemenang Penghargaan Fastest Growing Company Indonesia Most Innovative Awards 2017 dari Infobank Business Awards 2017 dari untuk sektor perdagangan, Warta Ekonomi kategori jasa-jasa, dan investasi. Hotel, Restoran, dan Pariwisata. 2nd Place in the 100 Fastest The Winner of Indonesia Most Growing Company Awards 2017 Innovative Business Awards 2017 from Infobank for the sectors of from Warta Ekonomi for the trade, services, and investment. category of Hotel, Restaurant, and Tourism.
Peraih Top 50 Companies Peraih Top 50 of Mid 2017, Best of the Best Market Capitalization Awards 2017 dari Forbes Public Listed Companies, Indonesia. The 9th IICD Corporate Governance Awards 2017.
One of the Top 50 Companies One of the Top 50 Mid- 2017 and received the Best Market Capitalization of the Best Awards 2017 from Public Listed Companies Forbes Indonesia. in the 9th IICD Corporate Governance Awards 2017.
16 17 Selain itu, unit-unit usaha Perseroan juga Furthermore, the Company’s business units also mendapatkan penghargaan tersendiri dari received several awards from various institutions, berbagai instansi seperti: as follows:
Unit Usaha / Pemberi Penghargaan / Periode / No Penghargaan / Award Business Unit Awarded by Period BALI HARRIS Hotel Yayasan Tri Hita Karana 1 Silver Medal of THK Awards 2017 2017 Tuban - Bali Bali Dinkes Kabupaten HARRIS Hotel Badung / Health 2 Hygiene & Sanitation 2017 Tuban - Bali Department of Badung Regency Dinas Tenaga Kerja Kesehatan dan Keselamatan Kerja HARRIS Hotel Provinsi Bali / Manpower 3 (K3)/ Occupational Health and 2017 Tuban - Bali Department of Bali Safety (OHS) Province Sheraton Bali Best Luxury Family Lifestyle Beach 4 Hotel Of The Year, UK 2017 Kuta Resort Resort Worldwide 2016/2017 Sheraton Bali 5 Top 50 Resort Worldwide Hotel Of The Year, UK 2017 Kuta Resort Sheraton Bali International Hotel 6 Best Resort Hotel Indonesia 2017 Kuta Resort Awards, UK Sheraton Bali Indonesia and International Five International Hotel 7 2017 Kuta Resort Star Standard Awards, UK Sheraton Bali Recommended on Holiday Check 8 Holiday Check 2017 Kuta Resort with rating 5.8 out of 6 Sheraton Bali 9 Loved by Guest—Fabulous 2017 Hotels.com 2017 Kuta Resort Sheraton Bali 10 Emerald Award 2017 Tri Hita Karana 2017 Kuta Resort Sheraton Bali World Luxury Hotels 11 Luxury Family Resort 2017 2017 Kuta Resort Award Sheraton Bali World Luxury Hotels 12 Luxury Ocean View Resort 2017 2017 Kuta Resort Award Maison Aurelia 13 Guest Review Awards 2017 Booking.com 2017 Sanur - Bali Maison Aurelia World Luxury Hotels 14 Luxury Boutique Hotel 2017 2017 Sanur - Bali Awards BATAM HARRIS Hotel 15 Batam Center - Loved Hotel by Guest Hotel.com 2017 Batam Penghargaan untuk Wajib Pajak HARRIS Resort Terbaik Pertama Hotel Berbintang/ Pemerintah Kota Batam / 16 2017 Waterfront Batam The Best First Taxpayer Award for Batam Government Starred Hotel
18 Sertifikasi Certifications
Unit Usaha / Pemberi Sertifikasi / No Sertifikasi / Certifications Tanggal /Date Business Unit Certified By JAKARTA Sertifikat Kompetensi (Penyedia HARRIS Suites Makanan & Minuman) / BNSP (Badan Nasional 1 fX Sudirman - 13 September 2017 Certificate of Competence Sertifikasi Profesi) Jakarta (Provider of Food & Beverages) Pemerintah Provinsi Sertifikat Kursus Hygiene HARRIS Suites Dinkes DKI Jakarta / Sanitasi Makanan / Certificate 2 fX Sudirman - Health Department of 20 September 2017 of Food Sanitation & Hygiene Jakarta DKI Jakarta Provincial Course Government HARRIS Suites Sertifikat Laik Sehat Usaha 22 Desember 2017 3 fX Sudirman - Restoran / Certificate of Good PTSP Tanah Abang 22 December 2017 Jakarta Health for Restaurant Business Pemerintah Provinsi Sertifikat Kursus Hygiene HARRIS Suites DKI Jakarta (Dinkes) / Sanitasi Makanan / Certificate 4 fX Sudirman - Health Department of 20 September 2017 of Food Sanitation & Hygiene Jakarta DKI Jakarta Provincial Course Government BATAM HARRIS Hotel 21 Juni 2017 5 Batam Center - Certificate of Excellence Tripadvisor.com 21 June 2017 Batam HARRIS Hotel 20 Agustus 2017 6 Batam Center - Certificate of Hotel Partner Traveloka 20 August 2017 Batam BALI Certificate of Usaha Spa Tirta Pemerintah Kabupaten Sheraton Bali 1 for Shine Spa / Certificate of Badung Dinas Pariwisata 4 Desember 2017 7 Kuta Resort Business for Spa Tirta 1 for Shine / Tourism Department of 4 December 2017 Spa Badung Government
19 Laporan Manajemen Management Reports
LAPORAN DEWAN KOMISARIS BOARD OF COMMISSIONERS REPORT
PT Indonesian Paradise Property Tbk As a company engaging in the provision sebagai perusahaan penyedia akomodasi of accommodation (hotel) services, (hotel), pusat perbelanjaan dan apartemen shopping centers and apartments, PT memiliki kesadaran untuk berhati-hati dan Indonesian Paradise Property Tbk is aware bijaksana dalam menjalankan kegiatan that its business must be carried out in a usahanya. Dalam upaya meningkatkan prudent and wise manner. To leverage its kinerjanya, Perseroan senantiasa performance, the Company continuously memposisikan diri sebagai perusahaan positions itself as a company that always yang terus menerus menerapkan implements innovations and creativities inovasi dan kreativitas serta peningkatan as well as quality development of kualitas Sumber Daya Manusia yang Human Resources to be able to face the berkesinambungan agar siap menghadapi increasingly tight competition in the field. kompetisi yang makin ketat.
Melalui laporan ini, Dewan Komisaris Through this report, the Board of akan mendeskripsikan pandangan atas Commissioners would like to describe penilaian kinerja Direksi, pengawasan our opinion and assessment on Board terhadap implementasi kebijakan of Directors’ performance, supervisory strategis, dan pandangan kami terhadap on strategic policy implementation, prospek usaha ke depan, tata kelola opinion on business outlook, corporate perusahaan serta langkah Perseroan ke governance and future plans of the depan. Company.
Penilaian Kinerja Direksi 2017 Assessment on Board of Directors Performance in 2017 Dewan Komisaris mengakui bahwa The Board of Commissioners recognizes Direksi telah melakukan yang terbaik the efforts exerted by the Board of Directors atas pencapaian Perseroan di tahun in 2017 which resulted in a number of 2017. Penilaian tersebut didasarkan pada achievements of the Company. This Direksi yang memiliki kompetensi yang assessment is based on the competence dibutuhkan Perseroan sehingga mampu demonstrated by the Board of Directors melalui tantangan dalam industri yang in managing the Company so that we can dijalankan Perseroan. Penilaian yang baik sail through all challenges arising during tersebut juga didasarkan pada pencapaian the year. Moreover, our assessment is also Laba Usaha yang mengalami peningkatan based on the Company’s achievement in Rp50,1 miliar. gaining Profit from Operations amounting to Rp50.1 billion in 2017.
20 21 Menurut kami, Direksi beserta seluruh karyawan We are of the opinion that the Board of Directors, telah bekerja keras memajukan Perseroan dengan together with all employees of the Company, have mengembangkan mutu dan kompetensi Sumber worked hard and provided their contribution to Daya Manusia, penerapan secara bertahap tata the progress of the Company by developing the kelola perusahaan yang baik (Good Corporate quality and competence of all Human Resources, Governance) serta melakukan perbaikan implementing Good Corporate Governance (GCG) sistem secara berkelanjutan untuk mencapai properly and improving all systems sustainably to hasil yang optimal. Kami juga menilai, Direksi give optimum results. We also observe that the mampu mengelola Perseroan dengan secara Board of Directors has been able to manage the efektif menjalankan inovasi dan kreativitas, serta Company by effectively generating innovations peningkatan kualitas sumber daya manusia. Pada and creativities and enhancing Human Resources. akhirnya semua upaya tersebut memberikan Ultimately, these efforts have an impact on the pengaruh terhadap kinerja Perseroan pada tahun Company’s performance throughout the year. 2017.
Secara berkelanjutan kami terus mengarahkan Continuously, the Board of Commissioners gives Direksi untuk tetap disiplin dan fokus pada directions to the Board of Directors to remain pengembangan usaha melalui penerapan disciplined and focused on business development kebijakan strategis dengan target pertumbuhan through the implementation of strategic policies, pendapatan usaha yang lebih baik pada masa with a target to score better business growth in mendatang dan tetap memperhatikan supply & the future, by always taking into account supply- demand. and-demand aspect.
Pengawasan Implementasi Kebijakan Supervisory Duty on the Strategis Implementation of Strategic Policies Sepanjang tahun 2017, Dewan Komisaris senantiasa During the reporting year, the Board of menjalankan fungsi pengawasan dan memberikan Commissioners has continuously performed saran kepada Direksi dalam mengimplementasikan supervisory and advisory duties to the Board of seluruh kebijakan strategis Perseroan. Pengawasan Directors in the implementation of Company’s dilakukan secara berkesinambungan, baik sebelum strategic policies. Supervisory activity has been maupun setelah pelaksanaan kebijakan strategis carried out continuously both before and after the guna evaluasi menyeluruh. Melalui pengawasan implementation of strategic policies for the sake of yang berkelanjutan, kami ingin memastikan bahwa thorough evaluation. By conducting continuous Direksi telah mempertimbangkan berbagai faktor supervision, we ensure that the Board of Directors secara menyeluruh. has taken into account all of the relevant factors.
Selain itu, Dewan Komisaris juga memastikan Furthermore, the Board of Commissioners bahwa manajemen risiko yang diterapkan also ensures that the risk management system Perseroan mampu dikelola dengan baik. Sistem implemented by the Company has been manajemen risiko yang ada di Perseroan berfungsi well managed. The Company’s existing risk untuk mengelola risiko yang mencakup identifikasi, management system functions to manage risks pengendalian, serta evaluasi atas risiko-risiko through the stages of identification, control, yang berpotensi mengganggu aktivitas bisnis dan and evaluation of risks that have the potential to kelangsungan usaha yang menyebabkan tidak disrupt business process and sustainability as well tercapainya tujuan Perseroan. as to cause failure in achieving Company’s goals.
22 Pandangan Prospek Usaha Opinion on Business Outlook Dewan Komisaris setuju dengan prospek usaha The Board of Commissioners agrees with the yang disusun Direksi. Dengan terwujudnya business outlook that has been prepared by the pembangunan infrastruktur oleh pemerintah, Board of Directors. Through the realization of Perseroan melihat akan adanya peluang usaha government’s infrastructure development, the yang lebih besar dan mampu mengundang Company observes great opportunity ahead that wisatawan untuk datang. Hal itu juga terbukti can appeal to the tourists to come. This is reflected dari fakta Badan Pusat Statistik (BPS) yang on the data issued by the Statistics Indonesia (BPS) mencatat adanya tren positif terhadap kunjungan which show positive trend in annual tourist visit. wisatawan pertahunnya. Pada tahun 2017 BPS In 2017, BPS recorded that as many as 14 million mencatat ada 14 juta wisatawan yang datang ke tourists visited Indonesia, a heartening increase Indonesia, meningkat dibanding tahun lalu sekitar compared to the total tourists visiting Indonesia in 12 juta wisatawan. Di sisi lain, dengan kompetensi 2016 which was around 12 million tourists. Such yang dimiliki manajemen, kami melihat Perseroan optimism is also supported by the management’s mampu menempatkan usahanya pada moment competence which will enable the Company to yang tepat. position its business in the right momentum to gain profitability.
Sementara pada segmen pusat perbelanjaan, On shopping center segment, we are of the same kami sependapat dengan Direksi yang melihat opinion as the Board of Directors in which we Perseroan tidak terpengaruh oleh pelemahan observe that the Company is not impacted by the kinerja ritel akibat berkembangnya bisnis weakening retail business performance due to e-commerce dan penurunan daya beli masyarakat the major development in e-commerce business karena target market Perseroan adalah segmen and the declining public purchasing power, as the kelas middle-up. target market of the Company is middle-up class segment.
Penerapan Tata Kelola Perusahaan Implementation of Corporate Bagi kami, implementasi tata kelola perusahaan Governance yang baik atau Good Corporate Governance For us, the implementation of Good Corporate merupakan elemen penting yang dibutuhkan Governance is a vital element that is required untuk mewujudkan Perseroan menjadi perusahaan to realize the Company as the best provider of penyedia akomodasi hotel, pusat perbelanjaan accommodation services, shopping centers and dan apartemen terbaik yang mampu memberikan apartments, able to generate added values for nilai tambah bagi seluruh pemangku kepentingan. all stakeholders. Good Corporate Governance Penerapan Good Corporate Governance di implementation in the Company is carried out in lingkungan Perseroan dilakukan dengan mengacu reference to the prevailing laws and regulation kepada peraturan dan perundang-undangan and in compliance with the universally applicable yang berlaku, patuh pada norma-norma etika business ethics as well as Corporate Values. The bisnis yang berlaku secara universal, dan tata Company also continuously develops a Good nilai Perseroan. Perseroan juga mengembangkan Corporate Governance structure and system that struktur sistem Good Corporate Governance can elevate the Company’s competitive values yang dapat meningkatkan nilai Perseroan secara and quality. kompetitif dan berkualitas. Dalam rangka melakukan pengawasan secara aktif In performing active supervision on the Board kepada Direksi, Dewan Komisaris merencanakan of Directors, we have planned to establish a untuk membentuk Komite Nominasi dan Nomination and Remuneration Committee.
23 Remunerasi. Sepanjang tahun 2017, Komite Audit Over the course of 2017, the Audit Committee telah memberikan pendapat secara profesional has provided their professional and independent dan independen kepada Dewan Komisaris opinion to the Board of Commissioners on reports atas laporan yang disampaikan Direksi serta from the Board of Directors and has identified mengidentifikasi hal-hal yang memerlukan matters requiring the attention of Board of perhatian Dewan Komisaris. Komite Audit juga Commissioners. In addition, the Audit Committee menelaah laporan, informasi keuangan dan has reviewed financial statements, information keterbukaan informasi lainnya yang dikeluarkan and other forms of disclosure by the Company; Perseroan; melakukan evaluasi manajemen risiko evaluated the implementation of risk management dan sistem pengendalian internal; memberikan and internal control system; provided masukan dalam penunjukan Kantor Akuntan Publik recommendation for the appointment of Public kepada Dewan Komisaris; bekerja sama dengan Accounting Firm to the Board of Commissioners; Audit Internal; serta membantu Dewan Komisaris cooperated with the Internal Audit and assisted dalam melakukan pengawasan pelaksanaan the Board of Commissioners in supervising the tata kelola perusahaan yang baik. Melangkah ke implementation of Good Corporate Governance. depan, Perseroan akan terus menerapkan Good In the future, the Company will continue to Corporate Governance guna mencapai kinerja implement all Good Corporate Governance yang bertumbuh dan mampu meraih kepercayaan principles in order to attain performance seluruh pemangku kepentingan. improvement and trusts of all stakeholders.
Penerapan dan Pengelolaan Implementation and Management of Whistleblowing System serta Peran Whistleblowing System as well as Dewan Komisaris Role of Board of Commissioners Perseroan memiliki sistem pelaporan pelanggaran The Company has established a whistleblowing atau whistleblowing system yang bertujuan untuk system that aims to detect, prevent and mitigate mendeteksi, mencegah, dan menanggulangi all forms of violation against Company’s setiap pelanggaran yang terjadi. Sistem pelaporan regulations. The Whistleblowing system involves pelanggaran ini melibatkan seluruh karyawan all employees; hence, bringing security and safety sehingga memberikan rasa aman bagi seluruh for all parties interacting with the Company. Each pihak yang berinteraksi dengan Perseroan. Setiap indication of violation will be submitted through indikasi adanya pelanggaran, disampaikan melalui email or written letter to the Internal Audit and media email atau surat tertulis kepada Internal Human Resources Divisions. The Company Audit dengan tembusan kepada Human Resources. protects the confidentiality of whistleblower. Perseroan juga akan memberikan perlindungan In the whistleblowing system, the Board of terhadap pelapor. Dalam whistleblowing system Commissioners plays a significant role in ensuring tersebut, Dewan Komisaris mengambil peran that the implementation and management of the penting dalam memastikan penerapan dan system has been proper. pengelolaan sistem tersebut berada pada jalur yang tepat.
Frekuensi dan tata cara pemberian nasihat kepada Frequency and procedure of advisory to the Board Angota Direksi sesuai Anggaran Dasar Perseroan, of Directors have been in line with the Company’s dilaksanakan dalam Rapat Dewan Komisaris, Rapat Articles of Association and are conducted through Gabungan Dewan Komisaris dengan Direksi, serta Board of Commissioners meetings, joint meetings melalui penyelenggaraan Rapat Umum Pemegang with the Board of Directors, and the General Saham. Frekuensi pelaksanaan Rapat Dewan Meeting of Shareholders. In regard to Board of Komisaris merujuk pada Peraturan OJK No. 33/ Commissioners meeting, the implementation
24 POJK.04/2014 yang menetapkan bahwa Dewan refers to OJK Regulation No. 33/POJK.04/2014 Komisaris mengadakan Rapat minimum satu kali which stipulates that the Board of Commissioners dalam dua bulan. Di samping ketentuan ini, Rapat shall hold internal meeting, at the very least, once Dewan Komisaris juga dapat diselenggarakan every two months, and can be conducted at any setiap saat apabila diperlukan. time necessary.
Selama tahun 2017, Rapat Dewan Komisaris During 2017, the Board of Commissioners serta Rapat Gabungan antara Dewan Komisaris meetings as well as Joint Meetings of Board of dan Direksi telah dilaksanakan sesuai Anggaran Commissioners and Board of Directors Meetings Dasar Perseroan. Pemberian nasihat kepada have been conducted according to the Company’s Direksi dilakukan dalam rapat-rapat tersebut yang Articles of Association. Advice and directives hasilnya didokumentasikan dalam risalah rapat have also been given to the Board of Directors Perseroan. during the meetings and the results have been well-documented in minutes of meeting of the Company.
Perubahan Komposisi Angota Dewan Changes in Board of Commissioners Komisaris Composition Sepanjang tahun 2017, Perseroan tidak mengubah There was no change in the composition of Board komposisi Dewan Komisaris of Commissioners in 2017.
Apresiasi Appreciation Dewan Komisaris optimis bahwa Perseroan akan The Board of Commissioners is optimistic that mampu terus meningkatkan kinerjanya dengan the Company is able to continuously improve its selalu bekerja keras meningkatkan pertumbuhan performance and work hard to grow business bisnis serta menerapkan prinsip-prinsip Good and implement Good Corporate Governance Corporate Governance secara konsisten. Dewan principles in a consistent manner. We would like Komisaris menyampaikan penghargaan dan to extend our highest gratitude to the Board terima kasih yang setinggi-tingginya kepada of Directors and all employees for their strong seluruh anggota Direksi dan seluruh karyawan dedication towards the Company throughout atas kerja keras dan dedikasi yang konsisten the year. We would also like to appreciate all sepanjang tahun 2017. Ucapan terima kasih shareholders, customers, business partners and dan penghargaan juga kami sampaikan kepada stakeholders for their trusts given to the Company. pemegang saham, pelanggan, mitra bisnis dan seluruh pemangku kepentingan atas kepercayaan yang telah diberikan.
Terima kasih. Thank you.
TODO SIHOMBING Presiden Komisaris & Komisaris Independen President Commissioner cum Independent Commissioner
25 26 LAPORAN Direksi BOARD OF directoRS REPORT
Para pemegang saham dan seluruh pemangku Valuable shareholders and stakeholders, kepentingan yang terhormat,
Pada kesempatan kali ini, perkenankanlah kami On this occasion, we would like to present the menyampaikan laporan pertanggungjawaban accountability report of Board of Directors’ duties Direksi atas kinerja Perseroan pada tahun 2017. on Company’s performance during the 2017 fiscal year.
Pandangan Direksi Terhadap Our View on National Economic Perekonomian Nasional Condition Pertumbuhan ekonomi nasional mengalami Domestic economic growth increased slightly kenaikan tipis dari 5,03% pada tahun 2016 menjadi from 5.03% recorded in 2016 to 5.07% in 2017. 5,07% di tahun 2017. Nilai tukar Rupiah sepanjang Rupiah exchange rate throughout 2017 was tahun 2017 relatif stabil dengan depresiasi tipis relatively stable with a minor depreciation of 0.60% 0,60% dibandingkan tahun sebelumnya. Stabilitas compared to the previous year. Such stability was nilai tukar tersebut dipengaruhi oleh kondisi influenced by the relatively conducive condition pasar keuangan global yang relatif kondusif dan of global financial market as well as the influx of berakibat masuknya modal asing ke dalam negeri foreign capital into the country. mengalami peningkatan pula.
Pada segmen pariwisata Badan Pusat Statistik In the tourism segment, the Statistics Indonesia (BPS) mencatat paling tidak ada 14 juta wisatawan (BPS) noted that at least 14 million foreign tourists mancanegara datang ke Indonesia. Meskipun tidak came to Indonesia in 2017. Despite not reaching mencapai target 15 juta, namun jumlah wisatawan the target of 15 million, the number of tourists tersebut masih mengalami peningkatan dibanding demonstrated an improvement from the number tahun lalu yang hanya mencapai 12 juta wisatawan. of tourists in the last year which only reached 12 mancanegara. million foreign tourists.
Pertumbuhan bisnis perhotelan sepanjang tahun The growth of hospitality business throughout 2017 terpengaruh oleh pertumbuhan ekonomi the reporting year was also affected by domestic nasional. Kondisi ekonomi dalam negeri yang economic growth. Fortunately, the domestic mengarah pada perbaikan meningkatkan potensi economic conditions that led to recovery pertumbuhan bisnis perhotelan. BPS mencatat increased the potential of growth in hospitality Tingkat Hunian Kamar hotel klasifikasi bintang di business. BPS recorded that Room Occupancy Indonesia pada Desember 2017 mencapai rata- Rate of Starred Hotel in Indonesia in December rata 59,53% atau naik 3,03 poin dibandingkan 2017 reached an average of 59.53% or increased dengan Tingkat Hunian Kamar Desember 2016 by 3.03 points compared to the Occupancy Rate yang tercatat sebesar 56,50%. of December 2016 which was recorded at 56.50%.
Analisis Kinerja 2017 Analysis on 2017 Performance Kami bersyukur tahun 2017 dapat kita lalui dengan We are grateful that the Company managed baik meski menghadapi beberapa tantangan. to overcome the challenging year of 2017. We Dalam jangka panjang, industri perhotelan akan observe that in the long run, hotel industry will
27 tetap menghadapi persaingan yang ketat akibat continue to face intense competition due to adanya over supply kamar hotel di Bali dan oversupply of hotel rooms in Bali and Yogyakarta Yogyakarta, disebabkan oleh banyaknya ijin usaha areas, as there have been many new business baru yang diterbitkan pemerintah di masa lalu. licenses issued by the government in the recent years.
Pada tahun 2017, industri perhotelan juga By 2017, the hospitality industry also faced a menghadapi kendala terkait dengan kebijakan number of obstacles, such as the ones related to the pemerintah menaikkan upah pekerja setiap government’s policy of increasing annual wages tahunnya yang tidak diimbangi dengan peningkatan but were not offset by increased performance; kinerja sehingga menambah beban usaha. Selain thereby, operating expenses rose significantly. itu, di akhir tahun 2017 telah terjadi bencana alam In addition, a natural disaster occurred in Bali at di Bali yang menyebabkan tertahannya pendapatan the end of 2017, causing stalled revenue of the Perseroan. Company.
Kendala tersebut tak menyurutkan komitmen kami Nevertheless, all these obstacles did not dampen dalam bidang penyediaan akomodasi (hotel), pusat our commitment to providing accommodation perbelanjaan dan apartemen yang senantiasa kami services (hotels), shopping centers and apartments lakukan dengan sepenuh hati. which is always carried out wholeheartedly.
a. Implementasi Kebijakan Strategis a. Implementation of Strategic Policies Kami menyadari bahwa dalam sebuah perusahaan, We understand that strategic policies play a kebijakan strategis memegang peranan yang fundamental role in a company in the decision- sangat fundamental dalam pelaksanaan proses making process to determine the goal and the keputusan guna menentukan tujuan serta proses method to reach the goal. Hence, the Company pencapaian tujuan tersebut. Karena itu, Perseroan always considers each change that occurs mencermati setiap perubahan kondisi lingkungan in business environment, both internally and bisnis yang terjadi, baik yang bersifat internal externally, to achieve business targets and realize maupun eksternal guna mencapai sasaran bisnis the Company’s vision. dan mewujudkan visi Perusahaan.
Pada tahun 2017, Perseroan kembali menerapkan In 2017, the Company continued to implement kebijakan strategis yang secara bertahap strategic policies that gradually placed the menempatkan fondasi Perseroan sebagai suatu Company’s foundation as one of the fundamental hal yang fundamental dengan terus melakukan issues by continuously performing portfolio rebalancing portofolio. Dari sisi internal kami rebalancing. On our internal front, the Company mempersiapkan dan memperkuat Sumber Daya continued to prepare and strengthen Human Manusia dengan membangun core competency Resources through the development of core melalui pendidikan dan pelatihan yang baik. competency by providing good education and Kebutuhan pasar diterjemahkan ke dalam training activities. Market needs were translated materi pendidikan dan pelatihan yang memadai into adequate education and training materials in guna menghasilkan Sumber Daya Manusia order to create high-quality Human Resources. yang berkualitas. Perseroan juga menerapkan The Company also applied discipline principle and kedisiplinan dan fokus pada industri yang dijalani focused on the engaged industry as its strategic sebagai kebijakan strategis. policies.
Pada tahun 2017, Perseroan juga menambah In 2017, the Company increased its shareholding
28 kepemilikan sahamnya di PT Plaza Indonesia at PT Plaza Indonesia Realty Tbk. Through the Realty Tbk. Melalui aksi korporasi tersebut, corporate actions, the Company becomes one of Perseroan menjadi salah satu pemegang the majority shareholders of PT Plaza Indonesia saham terbesar dengan kepemilikan 36,41% Realty Tbk with share ownership of 36.41%, placing saham dan menempatkan Perseroan sebagai the Company as one of the largest domestic salah satu perusahaan properti terbesar di property companies in Indonesia. In line with Indonesia. Sesuai visi Perseroan, kami bertekad our vision, we are committed to developing and untuk mengembangkan dan mengoperasikan operating our diverse business units to become berbagai unit usaha kami menjadi iconic lifestyle the iconic lifestyle destinations in Indonesia. destinations di Indonesia.
Kami percaya pertumbuhan industri pada masa We believe that the growth of industry in the future mendatang akan terus membaik. Perseroan will be better. The Company has also prepared telah mempersiapkan berbagai hal dalam jangka various strategies to be implemented in the panjang yang diarahkan pada pengembangan long-term that are directed to the development bisnis hotel dan pusat perbelanjaan (mall) secara of hotel and shopping center (mall) business, lebih baik serta mulai masuk pada pembangunan as well as a plan to begin penetrating into the apartemen sebagai usaha barunya. Kebijakan sector of apartment development as its new strategis lainnya yang diterapkan sepanjang tahun business. Another strategic policy implemented 2017 adalah diversifikasi usaha dengan ekspansi in 2017 was business diversification by expanding memasuki wilayah operasional baru di luar Batam, into new operational areas outside of Batam, Bali, Yogyakarta dan Jakarta dengan membangun Bali, Yogyakarta and Jakarta, by building several beberapa proyek hotel, pusat perbelanjaan hotel, shopping center and apartment projects. dan apartemen. Dalam jangka panjang, kami In the long run, we have targeted to take part menargetkan untuk masuk pada sektor mixed in the mixed-use property sector consisting of -use property yang terdiri dari perhotelan, pusat hotels, shopping centers, and apartments in one perbelanjaan, dan apartemen dalam satu kawasan integrated area. yang terintegrasi. b. Pencapaian Kinerja 2017 b. Performance achievement in 2017 Target Perseroan yang ditetapkan pada awal tahun The Company’s target set at the beginning of the adalah terus menciptakan pertumbuhan baik dari year was to create continuous growth in terms of sisi keuangan maupun non keuangan. Pendapatan finance and non-finance aspects. The Company’s Bersih Perseroan sebesar Rp595,69 miliar pada Net Revenues recorded in 2017 at Rp595.69 billion, tahun 2017, mengalami kenaikan sebesar Rp48,20 increased by Rp48.20 billion from that of 2016 as miliar sebagai akibat beroperasinya 23 Paskal the result of the commencement of operations of Shopping Center di Bandung. Dari sisi posisi 23 Paskal Shopping Center in Bandung. In terms keuangan, Jumlah Aset Perseroan pada tahun of finance, the Company managed to book Total 2017 tercatat sebesar Rp6.667,92 miliar, tumbuh Assets of Rp6,667.92 billion in 2017, grew 29.33% 29,33%. from total assets of the previous year.
Dari sisi operasional, pencapaian kinerja Perseroan On operational front, the Company’s performance di tahun 2017 ditopang oleh kinerja segmen pusat achievement throughout the year was supported perbelanjaan yang naik 41,69% walaupun segmen by the increasing performance of shopping center perhotelan mengalami penurunan sebesar segment by 41,69% which was offset by a decline 11,12% sebagai akibat dari adanya bencana alam of 11.12% in the hotel segment. This decline was di Bali dan makin ketatnya persaingan industri caused by the natural disaster that took place in
29 perhotelan, khususnya di Bali, Yogyakarta dan Bali as well as the rising competition in hospitality Batam yang mempengaruhi tingkat hunian kamar industry, especially in Bali, Yogyakarta and Batam, hotel Perseroan. impacting the occupancy rate of Company’s hotels.
c. Tantangan dan Antisipasi c. Challenges and Anticipatory Measures Perbaikan dan perubahan kondisi lingkungan Improvement and changes in internal environment internal dalam rangka perbaikan berkelanjutan for the sake of sustainable growth has been senantiasa dilakukan Perseroan dan berada pada carried out by the Company and has been on the jalur yang tepat. Dengan demikian tidak berlebihan right track. Therefore, it is not an exaggeration apabila kami sangat optimis bahwa prospek bisnis to say that we are highly optimistic on the bright dan pencapaian kinerja pada masa mendatang akan business outlook and performance achievement semakin cemerlang. Kami juga yakin Perseroan of the Company. We are certain that the Company dapat mampu menangkap berbagai peluang is capable of seizing all opportunities as well as maupun beradaptasi dengan perubahan industri adapting to the change in industry that is getting yang semakin kompleks pada masa mendatang. more complex in the future.
Prospek Usaha Business Outlook Pembangunan infrastrusktur yang menjadi Infrastructure development which has become program prioritas Pemerintah Indonesia the priority program of the Government of merupakan langkah tepat yang akan menjadikan Indonesia is regarded as the right strategy to ekonomi Indonesia dalam jangka panjang akan improve the domestic economy in the long run. makin baik. Dengan membaiknya infrastruktur, With improving infrastructure, the Company is Perseroan semakin optimis akan terus bertumbuh. increasingly optimistic that it will continue to grow.
Untuk tahun 2018-2019, Perseroan akan memiliki For the period of 2018-2019, the Company will tiga proyek di Batam, Bali, dan Makassar. Apartemen carry out three projects, namely in Batam, Bali and di Batam akan dibangun mulai awal tahun 2018 Makassar. Apartment projects in Batam will begin dan diperkirakan akan selesai paling lambat akhir to be developed in early 2018 and are expected to 2019. Perseroan akan memperluas kawasan Sahid be completed by 2019 at the latest. The company Kuta Lifestyle Resort di Bali dengan menambah dua will also expand the Sahid Kuta Lifestyle Resort hotel baru yang terdiri dari hotel bintang 4, bintang area in Bali by adding two new hotels consisting of 3, melakukan perluasan beachwalk Shopping 4-star and 3-star hotels, extending the beachwalk Center, dan membangun apartemen. Sedangkan Shopping Center area and an apartment. As for the proyek ketiga, Perseroan membidik kota Makassar third project, the Company is targeting the city of untuk hotel sekaligus dengan apartemen mewah Makassar to develop hotels and luxury apartments yang akan selesai di kuartal pertama tahun 2020. which are projected to be completed in the first quarter of 2020.
Target market Perseroan memang ditujukan The Company’s target market is aimed at the upper- untuk segmen menengah atas, dan properti yang middle segment while the properties developed by dibangun Perseroan ditargetkan menjadi ikon the Company is targeted to become a commercial komersial di kota-kota besar. Perkembangan icon in big cities. The positive economic ekonomi yang baik telah menjadi peluang bagi development has become an opportunity for us kami sebagai perusahaan publik. Sepanjang as a public company. Throughout our business perjalanan bisnis Perseroan mampu menyesuaikan history, the Company has always been able to
30 diri dengan tidak mengabaikan pola permintaan adapt to the pattern of public demand instead of masyarakat. Oleh karena itu, Perseroan dituntut ignoring them. Therefore, the Company is tasked untuk mampu mengurangi efek negatif dari to minimize negative impacts that will occur in the kejadian penting yang akan terjadi pada masa coming election period. We are optimistic that the pemilihan umum mendatang. Kami optimis Government will be able to maintain the national Pemerintah mampu memelihara keamanan dan security and political stability so that our business stabilitas politik sehingga bisnis Perseroan yang which target the upper middle class will not be target market-nya adalah masyarakat menengah affected by the condition. ke atas tidak akan terpengaruh dengan kondisi tersebut.
Pemerintah Indonesia harus dapat mengontrol We agree that the Indonesian government must be stabilitas dan keamanan politik. Di tahun 2017, able to control the political stability and security Perseroan tumbuh 10% dibandingkan tahun 2016. in the country. Observing the 10% growth of the Tahun 2018 manajemen optimis dapat tumbuh Company’s business in 2017, we are optimistic hingga 20% seiring dengan adanya proyek properti that in the 2018, the Company can demonstrated terbaru, 23 Paskal Shopping Center di Bandung growth of up to 20% in line with our latest property yang telah selesai pembangunannya. project, 23 Paskal Shopping Center in Bandung of which the construction has been completed.
Penerapan Tata Kelola Perusahaan Implementation of Corporate Governance Kami meyakini bahwa pencapaian kinerja yang baik We are certain that good performance dapat terus dipertahankan secara berkelanjutan achievement can be continuously maintained and serta meraih prospek bisnis dalam industri that business outlook can be attained through the properti dapat terealisasi salah satunya dengan implementation of Good Corporate Governance cara menerapkan seluruh prinsip-prinsip tata principles. For us, the implementation of Good kelola perusahaan yang baik atau Good Corporate Corporate Governance is a heavily required in Governance. Bagi kami, implementasi Good order to maintain the Company’s transparency Corporate Governance merupakan keharusan and accountability to the public. untuk menjaga transparansi dan akuntabilitas Perseroan kepada publik.
Perseroan mengembangkan Good Corporate The Company develops Good Corporate Governance sejalan dengan best practices yang Governance in line with the best practices that will dapat memberikan perlindungan yang memadai bring adequate protection and leverage added serta mampu meningkatkan nilai tambah bagi values to all shareholders optimally. The Board seluruh pemegang saham secara maksimal. Dewan of Commissioners, Board of Directors and all Komisaris, Direksi beserta seluruh karyawan employees are committed to always implementing berkomitmen untuk menerapkan prinsip-prinsip Good Corporate Governance principles in Good Corporate Governance. Prinsip-prinsip business environment where the principles serve tersebut juga menjadi referensi bagi pengambilan as a reference for decision-making and optimizing keputusan strategis serta optimasi kinerja the Company’s performance. Perseroan.
Manajemen Risiko Risk Management Sistem manajemen risiko yang ada di lingkungan The established risk management system in the
31 Perseroan berfungsi untuk mengelola risiko yang Company functions to manage risks which is dilakukan melalui identifikasi, pengendalian, conducted through the identification, control and serta evaluasi atas risiko-risiko yang berpotensi evaluation processes on risks with the potential mengganggu aktivitas bisnis, kelangsungan to disrupt business activities and sustainability, usaha, dan menyebabkan tidak tercapainya tujuan causing the failure in achieving Company’s goals. Perseroan.
Identifikasi risiko menjadi langkah awal dalam Risk identification is the initial step in the penerapan sistem manajemen risiko Perseroan. implementation of Company’s Risk Management Perseroan meyakini bahwa penerapan identifikasi system. The Company believes that accurate and risiko secara akurat dan komprehensif sangat comprehensive risk identification is an essential penting untuk dilakukan. Perseroan senantiasa step to be done. The Company collects data as mengumpulkan data sebanyak mungkin untuk much as it can to understand the potential risks melihat potensi risiko melalui survei, wawancara, that is conducted through survey, interview, data historis, dan brainstorming dalam rapat antar historical data and brainstorming in the divisional departemen. Risiko yang dapat terjadi dalam meetings. Risk that may occur in business aktivitas usaha umumnya bersumber dari unsur activities generally comes from uncertainty factor, ketidakpastian yang menyebabkan tertekannya causing profitability to be under pressure and will profitabilitas hingga dapat menimbulkan kerugian. ultimately result in loss. Risk identification process Proses identifikasi risiko memudahkan Perseroan enables the Company to know the adverse impact untuk mengetahui bahaya yang ditimbulkan terkait in relation to the Company’s business activities. aktivitas bisnis Perseroan.
Kami senantiasa melakukan pengendalian risiko We always carry out risk control using a structured dengan menggunakan pendekatan terstruktur approach starting from risk evaluation to strategy mulai dari penilaian risiko hingga pengembangan development in order to manage and prepare strategi untuk mengelola dan menyusun risk mitigation. In mitigating risks, the Company mitigasi risiko. Khusus mitigasi risiko, Perseroan utilizes its own resources where we formulate menggunakan sumber daya yang dimiliki. Dalam a series of management activity plan required proses ini, kami menyusun serangkaian rencana to minimize risk exposure. We also perform kegiatan penanganan yang dibutuhkan guna periodical evaluation on the effectiveness of risk memperkecil eksposur risiko. Kami juga melakukan management system in the Company. evaluasi atas keefektifan sistem manajemen risiko yang dilakukan secara berkala.
Perubahan Komposisi Direksi Changes in Board of Directors Composition Sepanjang tahun 2017 tidak ada perubahan There was no change in the composition of Board komposisi Direksi. of Directors in 2017.
Apresiasi Appreciation Atas dedikasi dan loyalitas para karyawan, kami We would like to extend our utmost appreciation memberikan penghargaan setinggi-tingginya. to all employees of the Company. We would also Kepada pemegang saham dan para pemangku like to express our gratitude to all shareholders and kepentingan, kami ucapkan terima kasih sebesar- stakeholders for their trusts in our management of besarnya yang telah memberikan kepercayaan
32 pengelolaan usaha kepada kami. the Company.
Kami akan senantiasa membangun dan We are fully committed to developing and mempertahankan reputasi melalui tekad maintaining the Company’s reputation in a pencapaian kesempurnaan kinerja serta kepuasan continuous manner through the relentless pelanggan. Karena kami percaya bahwa setiap determination to achieve performance excellence langkah menjadi rekam jejak yang menciptakan and customer satisfaction. We believe that each pertumbuhan usaha yang berkelanjutan. step made will be carved as the milestones in creating sustainable business growth of the Company.
Terima kasih. Thank you.
Agoes Soelistyo Santoso Presiden Direktur President Director
33 Profil Perusahaan Company Profile
Identitas Perusahaan Corporate Identity
Nama Perusahaan / Name of the PT Indonesian Paradise Property Tbk Company Tanggal Pendirian / Date of 14 Juni 1996 / 14 June 1996 Establishment Informasi Perubahan Nama Perseroan efektif berubah nama menjadi PT Indonesian Perusahaan / Information on Paradise Property Tbk sejak tanggal 14 Juli 2004 Company’s Name Change yang semula bernama PT Penta Karsa Lubrindo / The Company, which initially operated under the name of PT Penta Karsa Lubrindo, changed its name into PT Indonesian Paradise Property Tbk effective on 4 July 2004.
Kegiatan Usaha / Produk / Business Penyediaan Akomodasi (Hotel) / Accommodation (Hotel) Activities / Products Service
Akta Pendirian / Deed of Akta No. 96 Tanggal 14 Juni 1996 / Deed No. 96 dated Establishment 14 June 1996 Alamat Kantor / Office Address Centennial Tower Lantai 30 / Centennial Tower, 30th floor. Jl. Gatot Subroto Kav.24-25, Jakarta 12930, Indonesia Telp. / Phone : (62-21) 2988 0466 Fax : (62-21) 2988 0460 Email : [email protected] Modal Dasar / Authorized Capital Rp4.000.000.000.000 Modal Ditempatkan dan Disetor Rp1.118.197.173.200 Penuh / Issued and Fully Paid Capital Pencatatan Saham di Bursa Efek / 1 Desember 2004 / 1 December 2004 Share Listing on Stock Exchange Jumlah Saham yang Beredar / Total 11.181.971.732 Outstanding Shares Pemegang Saham / Shareholders -PT Grahatama Kreasibaru -UBS AG Singapore S/A Anemone Continental SA -Standard Chartered Bank SG S/A VP Bank for A/C Star East Development Corporation -Elysium Investment Partners Limited -Masyarakat / Public Kode Saham / Ticker Code INPP Aset 2017 / Assets in 2017 Rp6.667.921.476.644
34 Jejak Langkah Milestones
1996 2002 2004 2005
Pendirian Peresmian • Pendaftaran PT Indonesian Paradise Peresmian Perseroan HARRIS Hotel Property Tbk menjadi perusahaan publik HARRIS Hotel Company Tuban – Bali • Pendaftaran PT Indonesian Paradise Tebet – Established Property Tbk ke Bursa Efek Surabaya Jakarta • Peresmian HARRIS Resort Kuta Beach – Inauguration of Bali HARRIS Hotel Inauguration
Tuban – Bali • PT Indonesian Paradise Property Tbk of HARRIS became a Public Company Hotel Tebet – • PT Indonesian Paradise Property Tbk was Jakarta listed in the Surabaya Stock Exchange • Inauguration of HARRIS Resort Kuta Beach – Bali 2012 2011 2007
• Pembukaan POP! Hotel Sangaji – • Peresmian HARRIS Bursa Efek Jakarta bergabung dengan Bursa Yogyakarta Hotel Batam Center – Efek Surabaya menjadi Bursa Efek Indonesia • Peresmian kawasan Sahid Kuta Batam dan saham PT Indonesian Paradise Property Lifestyle Resort (beachwalk, SBKR, • Peresmian HARRIS Tbk secara otomatis tercatat di Bursa Efek HARRIS Resort Kuta Beach – Bali) Suites fX Sudirman – Indonesia. Jakarta • Grand Opening of POP! Hotel Jakarta Stock Exchange merged with Surabaya Sangaji – Yogyakarta • Inauguration of Stock Exchange into Indonesia Stock Exchange • Inauguration of Sahid Kuta HARRIS Hotel Batam and the shares of PT Indonesian Paradise Lifestyle Resort (beachwalk, SBKR, center – Batam Property Tbk were listed on Indonesia Stock HARRIS Resort Kuta Beach – Bali) • Inauguration of Exchange automatically. HARRIS Suites fX Sudirman – Jakarta 2013 2015
Peresmian Cikini • Peresmian Park23 • Inauguration of Park23 Gold Center – Entertainment Center – Bali Entertainment Center – Bali Jakarta • Perseroan melakukan • The Company carried out Right Penawaran Umum Terbatas I Issue I Inauguration of (PUT I) • From Right Issue I, the Cikini Gold Center • Dari PUT 1, Perseroan Company acquired the shares – Jakarta membeli saham: PT Plaza of PT Plaza Indonesia Realty Indonesia Realty Tbk, PT Tbk, PT Sepingan Properti, Sepingan Properti, PT Mitra PT Mitra Perdana Nuansa, PT Perdana Nuansa, PT Anugerah Anugerah Nusaraya, and PT Nusaraya, dan PT Mitra Mitra Gemilang Mahacipta Gemilang Mahacipta 2017 2016
• Peresmian 23 Paskal Shopping Center – Bandung Beroperasinya Maison Aurelia Sanur – Bali • Peletakan batu pertama One Residence – Batam Divestasi PT Sepingan Properti
• Inauguration of 23 Paskal Shopping Center – Bandung Soft opening of Maison Aurelia Sanur – Bali • Groundbreaking of One Residence – Batam Divestment of PT Sepingan Properti
35 SEKILAS PERUSAHAAN COMPANY AT A GLANCE
PT Indonesian Paradise Property Tbk berdiri PT Indonesian Paradise Property Tbk was pada tanggal 14 Juni tahun 1996 dengan nama established on 14 June 1996 under the name PT Penta Karsa Lubrindo. Perseroan didirikan of PT Penta Karsa Lubrindo. The Company was berdasarkan Akta Pendirian No. 96 tanggal 14 Juni established pursuant to the Deed of Establishment 1996 yang kemudian diubah dengan Akta No. 42 No. 96 dated 14 June 1996 and later was amended tanggal 8 Januari 1997. Kedua akta tersebut dibuat by Deed No. 42 dated 8 January 1997. Both Deeds di hadapan Buntario Tigris Darmawa, NG, SH, CN., were drawn up by Buntario Tigris Darmawa, NG, pengganti dari Rachmat Santoso, SH., Notaris di SH, CN, substitute of Rachmat Santoso, SH., Notary Jakarta dan telah mendapatkan pengesahan dari in Jakarta, and ratified by the Minister of Justice Menteri Kehakiman Republik Indonesia dalam of the Republic of Indonesia through Decree No. Surat Keputusan No. C21030 HT.01.01.TH.97 C21030 HT.01.01.TH.97 dated 12 February 1997, tanggal 12 Februari 1997 serta diumumkan dalam which was published in the State Gazette of the Berita Negara Republik Indonesia No. 21 tanggal Republic of Indonesia No. 21 dated 12 March 12 Maret 2002 Tambahan No. 2574. Kemudian, 2002, Supplement to No. 2574. The Company Perseroan melakukan perubahan nama menjadi then changed its name to PT Indonesian Paradise PT Indonesian Paradise Property Tbk berdasarkan Property Tbk pursuant to Deed of Minutes No. Akta Berita Acara No. 4 Tanggal 6 Juli 2004 yang 4 dated 6 July 2004, drawn up by Robert Purba, dibuat di hadapan Robert Purba, SH., dimana juga SH., Notary in Jakarta. An ammendment was dilakukan perubahan Anggaran Dasar Perseroan made for the Company’s Articles of Association in yang disesuaikan dengan SK Bapepam No. Kep- accordance with the decision of Head of Capital 13/PM/1997 tentang pokok-pokok Anggaran Market Supervisory Board (Bapepam) No. Kep-13/ Dasar Perseroan yang melakukan Penawaran PM/1997 on Principals of Articles of Association of umum Efek Ekuitas dan Perusahaan Publik. the Company conducting Equity Securities Right Issue and Public Companies.
Perubahan nama Perseroan disertai dengan The changing of Company’s name was followed persetujuan penjualan saham, perubahan by the approval for the sales of shares, reformation susunan pengurus, maksud dan tujuan Perseroan of management board, revision in the Company’s serta Peningkatan Modal Dasar Perseroan. Akta purposes and objectives and the Increase of the perubahan nama Perseroan, telah diterima dan Company’s authorized capital. The deed that dicatat dalam Database Sisminkum Direktorat stipulated the Company’s name changing has Jenderal Administrasi hukum umum Departemen been received and recorded in the Database of Kehakiman dan Hak Asasi Manusia Republik Legal Entity Administration System, Department Indonesia dengan penerimaan Laporan Akta of Justice and Human Rights of the Republic of Perubahan Anggaran Dasar No. C-17575 HT.01.04. Indonesia with the receipt of the Report on the TH.2004 Tanggal 14 Juli 2004. Akta tersebut Change of the Company’s Articles of Association juga telah mendapat persetujuan dari Menteri No. C-17575 HT.01.04.TH.2004 dated 14 July Kehakiman dan Hak Asasi Manusia dengan Surat 2004. The change has also been approved by Keputusan No. C-17194 HT.01.04. TH.2004 the Minister of Justice and Human Rights of the Tanggal 12 Juli 2004 yang selanjutnya diumumkan Republic of Indonesia by virtue of Decree No. dalam Berita Negara Republik Indonesia No. 89 C-17194 HT.01.04.TH.2004 dated 12 July 2004, Tanggal 5 November 2004 Tambahan No. 11041. which was accordingly published in the State Tanggal efektif perubahan nama Perseroan adalah Gazette of the Republic of Indonesia No. 89 dated pada tanggal 14 Juli 2004. 5 November 2004, Supplement No. 11041. The effective date on the Company’s name changing was 14 July 2004.
36 COMPANY AT A GLANCE Anggaran Dasar Perseroan telah disesuaikan The Company’s Articles of Association was initially dengan Undang-Undang No. 40 Tahun 2007 adjusted with the Law No. 40 of 2007 on Limited tentang Perseroan Terbatas dengan Akta No.161 Liability Companies under Deed No. 161 dated 30 Tanggal 30 Juni 2008, dibuat di hadapan Robert June 2008, drawn up by Robert Purba, SH., Notary Purba, SH., Notaris di Jakarta dan telah mendapat in Jakarta and ratified by the Minister of Justice persetujuan dari Menteri Hukum dan Hak Asasi and Human Rights of the Republic of Indonesia Manusia Republik Indonesia dengan Surat through Decree No. AHU-70491.AH.01.01 of 2008 Keputusan No. AHU-70491. AH.01.01 Tahun dated 6 October 2008, and published in the State 2008 tanggal 6 Oktober 2008 yang selanjutnya Gazette of the Republic of Indonesia No. 40 dated diumumkan dalam Berita Negara Republik 19 May 2009, Supplement to No. 13231. Indonesia No. 40 Tanggal 19 Mei 2009 Tambahan 13231.
Anggaran Dasar Perseroan mengalami perubahan The Company’s Articles of Association had been beberapa kali dan disesuaikan dengan ketentuan amended several times, whereby had been Otoritas Jasa Keuangan dengan Akta Pernyataan adjusted with the provision of the Financial Keputusan Rapat No.144, tanggal 12 Juni 2015, Service Authority by virtue of Deed of Statement dibuat di hadapan Dr. Irawan Soerodjo, SH., of Meeting Resolution No. 144, dated 12 June MSi., Notaris di Jakarta; yang telah memperoleh 2015, made before Dr. Irawan Soerodjo SH., Msi., persetujuan dari Menteri Hukum dan Hak Asasi Notary in Jakarta; which had been approved by Manusia Republik Indonesia dengan Keputusan the Minister of Justice and Human Rights of the No.AHU-0937288.Ah.01.02.Tahun 2015, tanggal 15 Republic of Indonesia through Decree No. AHU- Juni 2015; dan diberitahukan dengan Penerimaan 0937288.AH.01.02.TAHUN 2015, dated 15 June Pemberitahuan No. AHUAH.01.03-0941518, 2015; and had been notified through Notification tanggal 15 Juni 2015; dan terakhir diubah Receipt No. AHUAH.01.03-0941519, dated 15 dengan Akta Pernyataan Keputusan Rapat No. June 2015; and last amended by virtue of Deed of 206, tanggal 22 September 2015, dibuat di Statement of Meeting Resolution No. 206, dated hadapan Dr. Irawan Soerodjo, SH., MSi., Notaris di 22 September 2015, made before Dr. Irawan Jakarta; yang telah memperoleh persetujuan dari Soerodjo SH., Msi., Notary in Jakarta; which Menteri Hukum dan Hak Asasi Manusia Republik had received a Letter of Receipt Notification of Indonesia dengan Keputusan No. Penerimaan Changes to the Articles of Association No. AHU- Pemberitahuan Perubahan Anggaran Dasar No. AH.01.03-0967133, dated 23 September 2015. AHU-AH.01.03-0967133, tanggal 23 September 2015.
Pernyataan Pendaftaran Perseroan sebagai The statement of the Company’s registration as Perusahaan Publik dinyatakan efektif oleh Badan Public Company was deemed effective by the Pengawas Pasar Modal (Bapepam) pada tanggal Capital Market Supervisory Board (Bapepam) on 21 September 2004 dengan surat No. S-2970/ 21 September 2004, under letter No. S-2970/ PM/2004. Kemudian, Perseroan mencatatkan PM/2004. Based on the letter, the Company sahamnya di Bursa Efek Surabaya pada tanggal listed its shares on Surabaya Stock Exchange on 1 Desember 2004. Merger antara Bursa Efek 1 December 2004. With the merger of Surabaya Surabaya dan Bursa Efek Jakarta menjadi Bursa Stock Exchange and Jakarta Stock Exchange into Efek Indonesia pada tanggal 1 Desember 2007 Indonesia Stock Exchange on 1 December 2007, membuat saham Perseroan secara otomatis juga the Company’s shares were automatically listed tercatat di Bursa Efek Indonesia. on Indonesia Stock Exchange.
37 Visi, Misi dan Nilai-Nilai Perusahaan VISION, MISSION AND VALUES OF THE COMPANY
Visi Vision Selalu berupaya untuk unggul dalam Striving for excellence in property development pengembangan properti melalui pencapaian yang through innovative and creative achievements. inovatif dan kreatif.
Misi Mission • Menciptakan lingkungan kerja yang dapat • Creating a working environment which is able memotivasi para individu dalam Perseroan to motivate individuals within the Company to untuk bisa memunculkan ide-ide yang inovatif emerge their innovative and creative ideas. dan kreatif. • Mengembangkan produk-produk inovatif yang • Developing innovative products supported by didukung oleh pelayanan yang unggul. excellent service. • Memberikan kepuasan kepada siapa saja yang • Giving satisfaction to the Stakeholders. memiliki kepentingan terhadap Perusahaan (stakeholders).
Nilai-Nilai Perseroan Corporate Values Perusahaan dikelola secara professional The Company is professionally managed by oleh individu-individu yang mempunyai high individuals with high commitment and passion commitment dan passion terhadap masing- towards their duties and prioritizes on teamwork masing tugasnya serta mengutamakan teamwork over individual capabilities. di atas kemampuan individual.
Keungulan Kompetitif Competitive Excellence Perseroan merupakan salah satu pengembang The Company is one of the developers of hotel hotel dan iconic lifestyle destinations yang telah and iconic lifestyle destination with more than bertahan lebih dari satu dasawarsa menerapkan twenty years of experience. During that period, langkah-langkah yang konsisten untuk dapat the Company has consistently implemented bersaing diantara banyaknya pesaing di industri various strategies in order to compete with other perhotelan nasional. Perseroan juga dihadapkan domestic players in hospitality industry. The pada semakin ketatnya aturan pemerintah dan Company also faces other challenges in the form keterbatasan lahan. Dengan demikian, penerapan of government regulations that have become strategi yang tepat sangat dibutuhkan Perseroan stricter as well as the limited availability of land. untuk dapat bertahan dan bersaing, sehingga Thus, correct strategy implementation is highly dapat meningkatkan keunggulan kompetitif required to sustain Company’s business and Perseroan di industri perhotelan. compete with other companies so as to enhance its competitive advantage in hospitality industry.
Di sisi lain seluruh kegiatan operasional Perseroan On the other hand, all operational activities of the harus dapat meningkatkan efisiensi operasional Company must be able to leverage its efficiency serta mampu mengatasi hambatan dan ancaman and overcome various challenges and threats. By yang dihadapi. Dengan menganalisis strategi analyzing the strategies to be implemented to
38 39 apa yang dapat diterapkan Perseroan dalam face the challenges, the Company shall also be menghadapi permasalahan yang telah disebutkan, capable of analyzing whether the applied strategy Perseroan juga dapat menganalisis apakah strategi will bring advantages and advance its competitive yang diterapkan tersebut membuat Perseroan edge. dapat meningkatkan keunggulan bersaing.
Bidang Usaha LINE OF BUSINESS
Kegiatan Usaha Business Activities Berdasarkan Anggaran Dasar terakhir, yakni Akta Based on the most recent Articles of Association Pernyataan Keputusan Rapat No. 271 Tanggal 24 and Activity Conducted based on the most Juni 2011 yang dibuat oleh Dr. Irawan Soerodjo, recent articles of Associations, namely the Deed SH, MSi., Notaris di Jakarta dan telah disetujui oleh of Meeting Decision No. 271 dated 24 June Menteri hukum dan hak Asasi Manusia Republik 2011, prepared and presented before Dr. Irawan Indonesia dengan keputusan No. AHU-41199. Soerodjo, SH, Msi., Notary in Jakarta and has been AH.01.02 Tahun 2011 tanggal 15 Agustus 2011 approved by the Minister of Justice and Human menyebutkan bahwa Perseroan bergerak dalam Rights of the Republic of Indonesia under Decree bidang penyediaan akomodasi (hotel). Bidang No. AHU-41199.AH.01.02 of 2011 dated 15 August usaha Perseroan tersebut telah dicantumkan 2011, the Company is engaged in the provision of dalam Daftar Perseroan No. AHU-0067558. accommodation (hotel) service. The Company’s AH.01.09 Tahun 2011 tanggal 15 Agustus 2011 line of business has been stated in the Company mengenai Perubahan Pasal 3 yaitu Maksud dan Registry No. AHU-0067558.AH.01.09 of 2011 Tujuan serta Kegiatan usaha. Hingga akhir periode dated 15 August 2011, concerning Amandment 31 Desember 2017, Perseroan telah menjalankan of Article 3 about business purposes, Objectives, kegiatan usaha yang tercantum dalam anggaran and Activities. Up until 31 December 2017, the dasar terakhir. Company has carried out business activities as stipulated in the last amendment to the articles of association.
Jasa yang Dihasilkan Services Perseroan senantiasa melakukan langkah- The Company continues to carry out strategic langkah strategis guna mewujudkan visi, misi, measures to manifest its vision and mission, as well serta menjadi salah satu perusahaan properti as its goal to become one of the leading property terkemuka di Indonesia. Salah satunya adalah companies in Indonesia. One of the strategies dengan mengembangkan bisnis yang tidak hanya conducted is by developing business that is not dalam perhotelan tetapi juga pusat perbelanjaan only related to hotel business, but also shopping dan apartemen. centers and apartments.
Unit Usaha Business Units Informasi mengenai unit-unit usaha Perseroan Information on the Company’s business units that yang telah beroperasi per 31 Desember 2017 have been operating as per 31 December 2017 is adalah sebagai berikut: as follows:
Bali Bali • HARRIS Hotel Tuban – Bali • HARRIS Hotel Tuban – Bali • beachwalk Shopping Center – Bali • beachwalk Shopping Center – Bali • Sheraton Bali Kuta Resort • Sheraton Bali Kuta Resort – Bali
40 • Park23 Entertainment Center – Bali • Park23 Entertainment Center – Bali • Maison Aurelia Sanur – Bali • Maison Aurelia Sanur – Bali
Jakarta Jakarta • Wisma Milenia – Jakarta • Wisma Milenia – Jakarta • HARRIS Hotel Tebet – Jakarta • HARRIS Hotel Tebet – Jakarta • HARRIS Suites fX Sudirman – Jakarta • HARRIS Suites fX Sudirman – Jakarta • Cikini Gold Center – Jakarta • Cikini Gold Center – Jakarta • Plaza Indonesia Shopping Center – Jakarta • Plaza Indonesia Shopping Center – Jakarta • Grand Hyatt Jakarta • Grand Hyatt – Jakarta • fX Sudirman – Jakarta • fX Sudirman – Jakarta • Keraton at The Plaza (Keraton Luxury Collection • Keraton at the Plaza (Keraton Luxury Collection Hotel & Keraton Private Residence) Hotel & Keraton Private Residence) • The Plaza Office Tower – Jakarta • The Plaza Office Tower – Jakarta
Batam Batam • HARRIS Hotel Batam Center – Batam • HARRIS Hotel Batam Center – Batam • HARRIS Resort Waterfront Batam • HARRIS Resort Waterfront Batam
Yogyakarta Yogyakarta • POP! Hotel Sangaji – Yogyakarta • POP! Hotel Sangaji – Yogyakarta
Bandung Bandung • 23 Paskal Shopping Center – Bandung • 23 Paskal Shopping Center – Bandung
41 Profil Dewan Komisaris dan Direksi Board of Commissioners and Board of Directors Profile
42 PROFIL DEWAN KOMISARIS Board of Commissioners Profile
Todo Sihombing
Presiden Komisaris merangkap Komisaris Independen, 77 tahun President Commissioner cum Independent Commissioner, 77 years old
Warga Negara Indonesia, lahir di An Indonesian citizen born in Pematang Pematang Siantar pada tanggal 23 Siantar on 23 February 1941 and Februari 1941. Berdomisili di Indonesia. currently lives in Indonesia. He studied Menempuh pendidikan di Akademi at the National Military Academy in 1961- Militer Nasional pada tahun 1961 – 1964. 1964, at the Army Command and Staff Pada 1976 -1977 menempuh pendidikan School (SESKOAD) in 1976-1977 and SESKOAD, selanjutnya menempuh at the Integrated Staff and Command pendidikan SESKOGAB pada tahun College (SESKOGAB) in 1981. In 1987, he 1981. Pada tahun 1987 menempuh graduated from the National Defense pendidikan LEMHANAS, dan tahun 1992 Institute (LEMHANAS) and in 1992 from menyelesaikan pendidikan di Defense the Defense Resources Management Resources Management Course (DRMC). Course (DRMC). He started his career at Beliau mengawali kariernya pada tahun the military in 1965, holding the latest 1965 di dunia militer dengan pangkat rank as Major General of National Military terakhir Mayor Jenderal TNI sampai (TNI) in 1997. He served as an Expert dengan tahun 1997. Pada tahun 1994 – Staff Coordinator of Indonesian Military 1995 menjabat sebagai Koordinator Staf Commander in 1994-1995, and as a Ahli Panglima ABRI. Tahun 1995 – 1997 Deputy Chairman for Indonesian Military menjabat sebagai Wakil Ketua Fraksi TNI Fraction, General Affairs Coordinator, at DPR RI Koordinator Bidang umum. the House of Representatives (DPR RI) in 1995-1997.
43 Diangkat pertama kali sebagai Presiden Komisaris Perseroan berdasarkan Akta Berita Acara Nomor 4 Tanggal 6 Juli 2004 yang dibuat di hadapan Robert Purba, SH., Notaris di Jakarta dan telah dilaporkan dengan Penerimaan Pelaporan Nomor C-17575.HT.01.04.TH.2004 Tanggal 14 Juli 2004. Kemudian diangkat kembali sebagai Presiden Komisaris merangkap Komisaris Independen berdasarkan Akta Pernyataan Keputusan Rapat Nomor 144 Tanggal 12 Juni 2015 yang dibuat di hadapan Dr. Irawan Soerodjo, SH., MSi., Notaris di Jakarta dengan Penerimaan Pemberitahuan Perubahan Data Perseroan No. AHU-AH.01.03-0941519 Tanggal 15 Juni 2015.
Hubungan Afiliasi: Todo Sihombing tidak memiliki hubungan afiliasi dengan anggota Direksi dan anggota Dewan Komisaris lainnya maupun Pemegang Saham Perseroan.
He was appointed as the President Commissioner of the Company for the first time pursuant to the Deed of Minutes No. 4 dated 6 July 2004, drawn up by Robert Purba, SH., Notary in Jakarta, with the Receipt of Report No. C-17575. HT.01.04.TH.2004 dated 14 July 2004. Then, he was reappointed as the President Commissioner cum Independent Commissioner pursuant to the Deed of Meeting Resolution No. 144 dated 12 June 2015 prepared and presented before Dr. Irawan Soerodjo, SH., MSi., Notary in Jakarta with the Receipt of Notification of Data Change No. AHU-AH.01.03-0941519 dated 15 June 2015.
Affiliation: Todo Sihombing has no affiliation with members of Board of Directors, Board of Commissioners and the Company’s Shareholders.
44 Hadi Cahyadi
Wakil Presiden Komisaris merangkap Komisaris Independen, 51 tahun Vice President Commissioner cum Independent Commissioner, 51 years old
Warga Negara Indonesia, lahir di Teluk Betung pada tanggal 2 Juli 1966. Berdomisili di Indonesia. Mendapatkan gelar Business Administration (MBA) dari University of Houston-Clear Lake serta gelar Master Degree in Corporate Law (MCL) dari Royal Melbourne Institute of Technology (RMIT). Gelar Sarjana Akuntansi diperolehnya dari Universitas Tarumanagara. Mengawali karirnya tahun 1989 sebagai Auditor di Kantor Arthur Andersen, Jakarta. Beliau kemudian menempati berbagai posisi manajerial di bidang keuangan termasuk di KPMG, Ernst and Young dan Deloitte Touche dan meninggalkan jabatan terakhir beliau sebagai Partner di Management Consultant and Financial Advisory Services Prijohandojo, Boentoro & Co. (PB&Co) sebelum akhirnya mendirikan Helios Capital.
An Indonesian citizen born in Teluk Betung on 2 July 1966 and currently lives in Indonesia. He received his Master of Business Administration (MBA) degree from University of Houston- Clear Lake and Master of Corporate Law degree (MCL) from the Royal Melbourne Institute of Technology (RMIT), while his Bachelor’s degree in Accounting was obtained from Tarumanagara University. His career started in 1989 when he worked as an auditor at Arthur Andersen Office, Jakarta. Since then, he served in several managerial positions in financial sector, including at KPMG, Ernst and Young, and Deloitte Touche. His last position was as a Partner in Management Consultant and Financial Advisory Services, Prijohandojo, Boentoro & Co. (PB&Co) prior to establishing Helios Capital.
45 Diangkat pertama kali sebagai Komisaris Independen berdasarkan Akta Pernyataan Keputusan Rapat No. 144, tanggal 12 Juni 2015, dibuat di hadapan Dr. Irawan Soerodjo, SH., MSi., Notaris di Jakarta. Selain menjabat sebagai Komisaris Independen, beliau menjabat juga sebagai Ketua Komite Audit di Perseroan sejak Mei 2015, Komisaris Independen di PT Lippo Cikarang Tbk, Managing Partner di Helios Capital dengan spesialisasi di bidang Corporate Finance dan merupakan Dosen Tetap di Fakultas Ekonomi, Universitas Tarumanagara untuk bidang Strategic Management.
Hubungan Afiliasi: Hadi Cahyadi tidak memiliki hubungan afiliasi dengan anggota Direksi dan anggota Dewan Komisaris lainnya maupun Pemegang Saham Perseroan.
He was appointed as an Independent Commissioner of the Company for the first time pursuant to the Deed of Meeting Resolution No. 144 dated 12 June 2015, drawn up by Dr. Irawan Soerodjo, SH., MSi., Notary in Jakarta. In addition to serving his position at the Company, he has been serving as the Head of Audit Committee of the Company since May 2015. Currently, he also serves as an Independent Commissioner at PT Lippo Cikarang Tbk, a Managing Partner at Helios Capital with specialization in Corporate Finance and as a permanent lecturer of Strategic Management study at the Faculty of Economics of Tarumanagara University.
Affiliation: Hadi Cahyadi has no affiliation with members of Board of Directors, Board of Commissioners and the Company’s Shareholders.
46 Amelia Gozali
Komisaris, 33 tahun Commissioner, 33 years old
Warga Negara Indonesia, lahir di An Indonesian citizen born in Singapore Singapura pada tanggal 6 Maret 1985. on 6 March 1985 and currently lives in Berdomisili di Indonesia. Mendapatkan Indonesia. She graduated with a Bachelor gelar Bachelor of Business Administration, of Business Administration degree, Marketing – Honors dari University of Marketing – Honors, from University of Southern California, Marshall School of Southern California, Marshall School of Business, Los Angeles, CA tahun 2006. Business, Los Angeles, CA in 2006. She Mengawali karir tahun 2004 – 2005 started her career in 2004-2005 in the sebagai Marketing di Starbucks, Jakarta; Marketing division at Starbucks Jakarta; Phelps Group, Santa Monica, CA; dan Phelps Group, Santa Monica, CA; and World Harvest, Arcadia, CA. tahun 2006 World Harvest, Arcadia, CA. In 2006- -2007 bekerja di Merril Lynch, Global 2007, she worked at Merril Lynch, Global Private Wealth Management, Beverly Hills, Private Wealth Management, Beverly Hills, Los Angeles. Pada tahun 2007 – 2008, Los Angeles. In 2007-2008, she served menjabat Business Analyst di A.T. Kearney as a Business Analyst at A.T. Kearney Consultants, Jakarta. Sejak tahun 2014 Consultants, Jakarta. Since 2014, she menjabat CEO PT Pop Properti Indonesia has been serving as the CEO of PT Pop yang bergerak di bidang manajemen ritel Property Indonesia, a company that runs properti. in property retail management sector.
Diangkat pertama kali sebagai She was appointed as the Vice President Wakil Presiden Komisaris Perseroan Commissioner of the Company for the berdasarkan Akta Pernyataan Keputusan first time pursuant to the Deed of Meting Rapat Nomor 75 Tanggal 25 Mei 2010 Resolution No. 75 dated 25 May 2010, yang dibuat di hadapan Robert Purba, SH., drawn up by Robert Purba, SH., Notary in Notaris di Jakarta dengan Penerimaan Jakarta, with the Receipt of Notification Pemberitahuan Perubahan Data No. of Data Change No. AHU-AH.01.10-13275 AHU-AH.01.10-13275 Tanggal 1 Juni dated 1 June 2010. Then, she was 2010. Kemudian diangkat kembali sebagai reappointed as a Commissioner pursuant Komisaris berdasarkan Akta Pernyataan to the Deed of Meeting Resolution No. Keputusan Rapat Nomor 15 Tanggal 10 Juni 15 dated 10 June 2016 drawn up by 2016 yang dibuat di hadapan Dr. Irawan Dr. Irawan Soerodjo, SH, MSi, Notary in Soerodjo, SH, MSi., Notaris di Jakarta Jakarta, with the Receipt of Notification of dengan Penerimaan Pemberitahuan Data Change No. AHU-AH.01.03-0063183 Perubahan Data Perseroan No. AHU- dated 30 June 2016. AH.01.03-0063183 Tanggal 30 Juni 2016.
47 Hubungan Afiliasi: Affiliation: Amelia Gozali adalah Pemegang Saham PT Amelia Gozali is a Shareholder of PT Grahatama Kreasibaru yang merupakan Grahatama Kreasibaru which is the Pemegang Saham Pengendali Perseroan. Company’s Controlling Shareholder. She Amelia Gozali juga memiliki hubungan also has an affiliation with one of the afiliasi dengan salah satu anggota Direksi, members of Board of Directors, Anthony yaitu Anthony Prabowo Susilo. Prabowo Susilo.
Karel Patipeilohy
Komisaris,60 tahun Commissioner, 60 years old
Warga Negara Indonesia, lahir di Jakarta An Indonesian citizen born in Jakarta pada tanggal 19 Maret 1958. Berdomisili on 19 March 1958 and currently lives in di Indonesia. Pada tahun 1979 -1998 Indonesia. In 1979-1998, he served as menjabat sebagai Operation Manager Operation Manager at PT Schlumberger PT Schlumberger Geophisic Nusantara Geophysics Nusantara and PT Ometraco dan PT Ometraco Realty. Tahun 1998 – Realty. In 1998-2004, he served as a 2004 menjabat sebagai Direktur PT Inti Director at PT Inti Insan Santosa. In 2001- Insan Santosa. Tahun 2001 – 2004 pernah 2004 he served as the President Director menjabat sebagai Presiden Direktur at PT Marina City Development, and in PT Marina City Development, tahun 2004-2014 as the President Director at 2004 – 2014 menjabat sebagai Presiden PT Senimba Bay Resort (previously PT Direktur PT Senimba Bay Resort (dahulu Marina City Development). Since 2000 he PT Marina City Development), dan tahun has been serving as a Commissioner at PT 2000 hingga sekarang menjabat sebagai Sinar Harapan Persada. Komisaris PT Sinar Harapan Persada.
Diangkat pertama kali sebagai Komisaris He was appointed as a Commissioner of Perseroan berdasarkan Akta Pernyataan the Company for the first time pursuant Keputusan Rapat Nomor 1 Tanggal 1 Juni to the Deed of Meting Resolution No. 1 2005 yang dibuat di hadapan Robert dated 1 June 2005, drawn up by Robert Purba, SH., Notaris di Jakarta dengan Purba, SH., Notary in Jakarta, with the Penerimaan Pemberitahuan Perubahan Receipt of Notification of Data Change Data No.C-UM.02.01.7973 Tanggal 9 Juni No. C-UM.02.01.7973 dated 9 June 2005. Kemudian diangkat kembali sebagai 2005. Then, he was reappointed as a Komisaris berdasarkan Akta Pernyataan Commissioner pursuant to the Deed of Keputusan Rapat Nomor 144 Tanggal Meeting Resolution No. 144 dated 12 June
48 12 Juni 2015 yang dibuat di hadapan Dr. Irawan Soerodjo, SH., MSi., Notaris di Jakarta, dengan Penerimaan Pemberitahuan Perubahan Data Perseroan No. AHU-AH.01.03-0941519 Tanggal 15 Juni 2015. Selain menjabat sebagai Komisaris Perseroan, beliau juga anggota Komisaris beberapa entitas anak dan afiliasi Perseroan, yaitu Komisaris PT Grahatama Kreasibaru, Wakil Komisaris Utama PT Cakra Guna Dharma Eka, Komisaris Utama PT Kega Property Utama, dan Komisaris PT Mega Biru Selaras serta PT Graha Pradipta Pratama.
Hubungan Afiliasi: Karel Patipeilohy juga merupakan Komisaris PT Grahatama Kreasibaru yang merupakan Pemegang Saham Pengendali Perseroan.
2015 drawn up by Dr. Irawan Soerodjo, SH, MSi., Notary in Jakarta, with the Receipt of Notification of Data Change No. AHU-AH.01.03-0941519 dated 15 June 2015. In addition to serving as the Company’s Commissioner, he also holds a strategic position at several subsidiaries and affiliates of the Company, namely a Commissioner at PT Grahatama Kreasibaru, Vice President Commissioner at PT Cakra Guna Dharma Eka, President Commissioner at PT Kega Property Utama, and Commissioner at PT Mega Biru Selaras.
Affiliation: Karel Patipeilohy is a Commissioner of PT Grahatama Kreasibaru which is the Company’s Controlling Shareholder.
49 PROFIL DIREKSI Board of DIRECTOrs Profile
Agoes Soelistyo Santoso
Presiden Direktur, 56 tahun President Director, 56 years old
Warga Negara Indonesia, lahir di Semarang pada tanggal 26 September 1961. Berdomisili di Indonesia. Meraih gelar sarjana dari Fakultas Ekonomi, Universitas Katolik Parahyangan tahun 1985. Dalam kurun waktu tahun 1985 – 1992 menjabat sebagai Finance & Accounting Manager di beberapa perusahaan, yaitu PT Daya Knitto, Indomobil Group, dan Sinar Mas Group. Pada tahun 1992 – 1996 menjabat sebagai Direktur PT Budi Acid Jaya Tbk, tahun 1996 – 2000 menjabat sebagai Presiden Direktur PT Ometraco Corporation Tbk. Sejak tahun 2000 menjabat sebagai Direksi di berbagai perusahaan di bawah The Paradise group.
An Indonesian citizen born in Semarang on 26 September 1961 and currently lives in Indonesia. He graduated with a Bachelor’s degree from the Faculty of Economics, Parahyangan Catholic University in 1985. During the period of 1985- 1992, he served as a Finance & Accounting Manager at several companies, namely PT Daya Knitto, Indomobil Group and Sinar Mas Group. In 1992-1996, he served as a Director at PT Budi Acid Jaya Tbk and as President Director at PT Ometraco Corporation Tbk in 1996-2000. He has been serving as a member of Board of Directors at several companies under The Paradise Group since 2000.
50 Diangkat pertama kali sebagai Presiden Direktur He was appointed as the President Director of the Perseroan berdasarkan Akta Pernyataan Keputusan Company for the first time pursuant to the Deed Rapat Nomor 1 Tanggal 1 Juni 2005 yang dibuat of Meeting Resolution No. 1 dated 1 June 2005, di hadapan Robert Purba, SH., Notaris di Jakarta drawn up by Robert Purba, SH., Notary in Jakarta, dengan Penerimaan Pemberitahuan Perubahan with the Receipt of Notification of Data Change Data No. C-UM.02.01.7973 Tanggal 9 Juni 2005. No. C-UM.02.01.7973 dated 9 June 2005. Then, Kemudian diangkat kembali sebagai Presiden he was reappointed as the President Director Direktur berdasarkan Akta Pernyataan Keputusan pursuant to the Deed of Meeting Resolution No. Rapat Nomor 144 Tanggal 12 Juni 2015 yang 144 dated 12 June 2015 drawn up by Dr. Irawan dibuat di hadapan Dr. Irawan Soerodjo, SH, MSi Soerodjo, SH, MSi., Notary in Jakarta, with the dengan Penerimaan Pemberitahuan Perubahan Receipt of Notification of Data Change No. Data Perseroan No. AHU-AH.01.03-0941519 AHU-AH.01.03-0941519 dated 15 June 2015. In Tanggal 15 Juni 2015. Selain menjabat sebagai addition to serving as President Director, he serves Presiden Direktur Perseroan, beliau juga Direktur as a Director at several Company’s subsidiaries beberapa entitas anak dan afiliasi Perseroan, yaitu and affiliates, namely PT Indonesian Paradise PT Indonesian Paradise Island, PT Java Paradise Island, PT Java Paradise Island and PT Eka Ilalang Island, PT Eka Ilalang Suryadinamika, dan Direktur Suryadinamika, and as a President Director at PT Utama PT Kega Property Utama. Kega Property Utama.
Hubungan Afiliasi: Affiliation: Agoes Soelistyo Santoso tidak memiliki hubungan Agoes Soelistyo Santoso has no affiliation afiliasi dengan anggota Direksi dan anggota with members of Board of Directors, Board of Dewan Komisaris lainnya maupun Pemegang Commissioners and the Company’s Shareholders. Saham Perseroan.
Anthony Prabowo Susilo
Wakil Presiden Direktur, 34 tahun Vice President Director, 34 years old
Warga Negara Indonesia, lahir pada tanggal 24 An Indonesian citizen born on 24 April 1984 April 1984. Berdomisili di Indonesia. Meraih gelar and currently lives in Indonesia. He obtained Bachelor of Science in Business Administration his Bachelor of Science degree, majoring in Concentration in Finance and Accounting dari Business Administration Concentration in Finance Georgetown University, Washington D.C., USA. and Accounting from Georgetown University, Menjabat sebagai Vice President di PT Principia Washington D.C., USA. Prior to serving his current Management Group tahun 2008 – 2015, Vice position, he held the post of Vice President of President of Business Development di PT PT Principia Management Group in 2008-2015, Cardig Air tahun 2008 – 2015, Director di PT Vice President of Business Development of PT Nusantara Steelmills Indonesia tahun 2012 – Cardig Air in 2008-2015, Director at PT Nusantara 2015, Associate di Altus Shipping & Logistics Pte. Steelmills Indonesia in 2012-2015, Associate at
51 Ltd. (Singapore) tahun 2011 – 2013, Director di PT Gorda Prima Steelworks tahun 2012 – 2015, serta Director di PT Sitasa Energi tahun 2013 – 2015. Diangkat pertama kali sebagai Wakil Presiden Direktur Perseroan berdasarkan Akta Pernyataan Keputusan Rapat Nomor 15 Tanggal 10 Juni 2016 yang dibuat di hadapan Simon Yos Sudarso, S.H., LL.M. dengan Penerimaan Pemberitahuan Perubahan Data Perseroan No. AHU-AH.01.03-0063183. Beliau juga menjadi Direktur untuk beberapa entitas anak Perseroan, yaitu PT Segara Biru Kencana, PT Padma Suasa, PT Karsa Citra Unggul, dan PT Praba Kumala Sajati, serta menjabat sebagai Direktur Utama PT Retzan Indonusa.
Hubungan afiliasi: Anthony Prabowo Susilo tidak memiliki hubungan afiliasi dengan Direksi, namun memiliki hubungan afiliasi dengan Pemegang Saham utama Perseroan dan salah satu anggota Dewan Komisaris yakni Amelia Gozali.
Altus Shipping & Logistics Pte. Ltd. (Singapore) in 2011-2013, Director at PT Gorda Prima Steelworks in 2012-2015, and Director at PT Sitasa Energi in 2013-2015. He was appointed as a Vice President Director of the Company for the first time pursuant to the Deed of Meeting Resolution No. 15 dated 10 June 2016, drawn up by Simon Yos Sudarso, S.H., LL.M., Notary in Jakarta, with Receipt of Notification of Data Change No. AHU- AH.01.03-0063183. He also serves as a Director at several Company’s subsidiaries, namely PT Segara Biru Kencana, PT Padma Suasa, PT Karsa Citra Unggul, and PT Praba Kumala Sajati, and as the President Director of PT Retzan Indonusa.
Affiliation: Anthony Prabowo Susilo has no affiliation with members of Board of Directors and; however, he is affiliated with the Company’s Main Shareholders and a member of Board of Commissioners of the Company, Amelia Gozali.
52 Alexander Nartates Nartates
Direktur Independen, 64 tahun Independent Director, 64 years old
Warga Negara Filipina, lahir pada tanggal 26 Januari 1954. Berdomisili di Indonesia. Beliau merupakan lulusan University of Santo Tomas tahun 1986 serta Colegio de San Juan de Letran – Intramuros pada tahun 1975. Menjabat sebagai Control Dept di Texas Instruments Philippines Inc., tahun 1979 – 1988, Corporate Finance and Corporate Affairs di PT Arwana Citramulia Tbk pada tahun 2002 – 2004, Head - Corporate Finance and Investor Relations di PT Kawasan Industri Jababeka Tbk pada tahun 2005 – 2014 serta Direksi PT Indonesian Paradise Property Tbk pada tahun 2015 hingga sekarang.
A citizen of Philippines born in 26 January 1954 and currently lives in Indonesia. He graduated from University of Santo Tomas in 1986 and Colegio de San Juan de Letran – Intramuros in 1975. Prior to serving his current post, he served as a staff of Control Department at Texas Instruments Philippines Inc. (1979-1988), Corporate Finance and Corporate Affairs at PT Arwana Citramulia Tbk (2002- 2004), Head - Corporate Finance and Investor Relations at PT Kawasan Industri Jababeka Tbk (2005-2014) and Director of PT Indonesian Paradise Property Tbk (2015 up to present).
53 Diangkat pertama kali sebagai Direktur Perseroan He was appointed as a Director of the Company berdasarkan Akta Pernyataan Keputusan Rapat for the first time pursuant to the Deed of Meeting Nomor 15 Tanggal 10 Juni 2016 yang dibuat di Resolution No. 15 dated 10 June 2016, drawn up by hadapan Simon Yos Sudarso, S.H., LL.M. dengan Simon Yos Sudarso, S.H., LL.M., Notary in Jakarta, Penerimaan Pemberitahuan Perubahan Data with Receipt of Notification of Data Change No. Perseroan No. AHU-AH.01.03-0063183 tanggal AHU-AH.01.03-0063183 dated 30 June 2016. 30 Juni 2016.
Hubungan Afiliasi: Affiliation: Alexander Nartates Nartates tidak memiliki Alexander Nartates Nartates has no affiliation hubungan afiliasi dengan anggota Direksi dan with members of Board of Directors, Board anggota Dewan Komisaris lainnya maupun of Commissioners and the Company’s main Pemegang Saham Utama Perseroan. Shareholders.
Patrick Santosa Rendradjaja
Direktur, 59 tahun Director, 59 years old
Warga Negara Indonesia, lahir di Banjarmasin pada An Indonesian citizen born in Banjarmasin on 9 tanggal 9 Januari 1959. Berdomisili di Indonesia. January 1959 and currently lives in Indonesia. Mendapat gelar Master of Science in Architecture He graduated with a Master of Science degree dari Delft Technical University, Netherland tahun in Architecture from Delft Technical University – 1986. Dalam kurun waktu tahun 1989 – 2000 the Netherlands in 1986. In the period of 1989- bekerja sebagai arsitek di Atelier 6 Group, Jakarta 2000, he worked as an Architect at Atelier 6 Group dan Project Coordinator Lippo City Development, in Jakarta and as a Project Coordinator at Lippo Jakarta; Ometraco Realty, Jakarta; serta Bentala City Development in Jakarta, Ometraco Realty in Sanggrahan Group, Jakarta. Sejak tahun 1999 Jakarta and Bentala Sanggrahan Group in Jakarta. menjabat sebagai Direktur di berbagai perusahaan Since 1999 he has been serving as the Director for di bawah The Paradise Group. companies under The Paradise Group.
Diangkat pertama kali sebagai Direktur Perseroan He was appointed as a Director of the Company berdasarkan Akta Pernyataan Keputusan Rapat for the first time pursuant to the Deed of Meeting Nomor 1 Tanggal 1 Juni 2005 yang dibuat di Resolution No. 1 dated 1 June 2005, drawn up hadapan Robert Purba, SH., Notaris di Jakarta by Robert Purba, SH., Notary in Jakarta, with dengan Penerimaan Pemberitahuan Perubahan the Receipt of Notification of Data Change No. Data No.C-UM.02.01.7973 Tanggal 9 Juni 2005. C-UM.02.01.7973 dated 9 June 2005. Then, he was Kemudian diangkat kembali sebagai Direktur reappointed as a Director pursuant to the Deed of berdasarkan Akta Pernyataan Keputusan Rapat Meeting Resolution No. 144 dated 12 June 2015 Nomor 144 Tanggal 12 Juni 2015 yang dibuat di drawn up by Dr. Irawan Soerodjo, SH, MSi., Notary hadapan Dr. Irawan Soerodjo, SH, MSi., Notaris in Jakarta, with the Receipt of Notification of Data
54 di Jakarta dengan Penerimaan Pemberitahuan Perubahan Data Perseroan No. AHUAH. 01.03- 0941519 Tanggal 15 Juni 2015. Beliau juga menjadi Direktur untuk beberapa entitas anak Perseroan yaitu PT Anugerah Nusaraya, PT Indonesian Paradise Island dan PT Kega Property Utama.
Hubungan Afiliasi: Patrick Santosa Rendradjaja tidak memiliki hubungan afiliasi dengan anggota Direksi dan anggota Dewan Komisaris lainnya maupun Pemegang Saham Utama Perseroan.
Change No. AHU-AH.01.03-0941519 dated 15 June 2015. He currently also serves as a Director at several subsidiaries of the Company, namely PT Anugerah Nusaraya, PT Indonesian Paradise Island and PT Kega Property Utama.
Affiliation: Patrick Santosa Rendradjaja has no affiliation with members of Board of Directors, Board of Commissioners and the Company’s Main Shareholders.
Diana Solaiman
Direktur, 48 tahun Director, 48 years old
Warga Negara Indonesia, lahir di Jakarta pada tanggal 4 Oktober 1969. Berdomisili di Indonesia. Meraih gelar Master in Business Administration dari Philipine Christian University, Manila tahun 1992. Dalam kurun waktu tahun 1992 – 2001 pernah menjabat sebagai Finance & Accounting Manager di beberapa perusahaan yaitu PT Putera Ometraco Electric dan PT Ometraco Corporation Tbk.
55 Diangkat pertama kali sebagai Direktur Perseroan berdasarkan Akta Pernyataan Keputusan Rapat Nomor 1 Tanggal 1 Juni 2005 yang dibuat di hadapan Robert Purba, SH., Notaris di Jakarta dengan Penerimaan Pemberitahuan Perubahan Data No.C-UM.02.01.7973 Tanggal 9 Juni 2005. Kemudian diangkat kembali sebagai Direktur Perseroan berdasarkan Akta Pernyataan Keputusan Rapat Nomor 144 Tanggal 12 Juni 2015 yang dibuat di hadapan Dr. Irawan Soerodjo, SH, MSi., Notaris di Jakarta dengan Penerimaan Pemberitahuan Perubahan Data Perseroan No. AHU-AH.01.03-0941519 Tanggal 15 Juni 2015. Beliau juga menjabat di beberapa entitas anak Perseroan yaitu Komisaris PT Indonesian Paradise Island, PT Retzan Indonusa, serta Direktur PT Grahatama Kreasibaru.
Hubungan Afiliasi: Diana Solaiman merupakan Direktur PT Grahatama Kreasibaru yang merupakan Pemegang Saham Pengendali Perseroan.
An Indonesian citizen born in Jakarta on 4 October 1969 and currently lives in Indonesia. She graduated with a Master’s degree in Business Administration from Philippine Christian University, Manila in 1992. During the period of 1992-2001, she worked as a Finance & Accounting Manager at several companies such as PT Putera Ometraco Electric and PT Ometraco Corporation Tbk.
She was appointed as a Director of the Company for the first time pursuant to the Deed of Meeting Resolution No. 1 dated 1 June 2005, drawn up by Robert Purba, SH., Notary in Jakarta, with the Receipt of Notification of Data Change No. C-UM.02.01.7973 dated 9 June 2005. Then, she was reappointed as a Director pursuant to the Deed of Meeting Resolution No. 144 dated 12 June 2015 drawn up by Dr. Irawan Soerodjo, SH, MSi., Notary in Jakarta, with the Receipt of Notification of Data Change No. AHU- AH.01.03-0941519 dated 15 June 2015. She currently also serves as a Commissioner at several subsidiaries of the Company, namely PT Indonesian Paradise Island and PT Retzan Indonusa, as well as a Director at PT Grahatama Kreasibaru.
Affiliation: Diana Solaiman is a Director at PT Grahatama Kreasibaru which is the Company’s Controlling Shareholder.
56 PENDIDIKAN DAN PELATIHAN DEWAN KOMISARIS, DIREKSI, KOMITE- KOMITE, SEKRETARIS PERUSAHAAN, DAN UNIT INTERNAL AUDIT 2017 EDUCATION AND TRAINING ACTIVITIES FOR BOARD OF COMMISSIONERS, BOARD OF DIRECTORS, COMMITTEES, CORPORATE SECRETARY, AND INTERNAL AUDIT UNIT IN 2017
Jabatan / Penyelenggara / Nama / Name Jenis Pelatihan / Training Waktu / Date Position Organizer Agoes Soelistyo Presiden Sosialisasi Undang- Asosiasi Emiten 19 Juni 2017 / Santoso Direktur / Undang Persaingan Usaha Indonesia / 19 June 2017 President / Dissemination of Laws on Indonesian Public Director Business Competition Listed Companies Association CEO Focus 2017: Asosiasi Emiten 6 November Tantangan Dunia Usaha dan Indonesia / 2017 Pengembangan Pasar Modal / Indonesian Public CEO Focus 2017: Challenges in Listed Companies Business and Development of Association Capital Market Diana Solaiman Direktur / Value Creation for Business Ikatan Akuntan 30 Maret 2017 / Director Resilience in the era of Neo- Indonesia / 30 March 2017 Protectionism Indonesian Institute of Accountants Sosialisasi Undang- Asosiasi Emiten 19 Juni 2017 / Undang Persaingan Usaha Indonesia / 19 June 2017 / Dissemination of Laws on Indonesian Public Business Competition Listed Companies Association Tax Issues Related to Public Asosiasi Emiten 19 Oktober Company in Indonesia dan Indonesia / 2017 / Sosialisasi Perubahan Klasifikasi Indonesian Public 19 October Sektor di Bursa Efek Indonesia Listed Companies 2017 / Tax Issues Related to Public Association Company in Indonesia and Dissemination of Changes in Sector Classification in Indonesia Stock Exchange Ispandiati Sekretaris Sosialisasi POJK No. 10/ Bursa Efek Indonesia 13 April 2017 Makmur Perusahaan POJK.04/2017 tentang dan Indonesia / Corporate Rencana dan Penyelenggaraan Corporate Secretary Secretary Rapat Umum Pemegang Association / Saham Perusahaan Terbuka Indonesia Stock / Dissemination of POJK No. Exchange and 10/POJK.04/2017 on Plan and Indonesia Corporate Convention of General Meeting Secretary Association of Shareholders for Public Companies Sosialisasi POJK No. 07/ Bursa Efek Indonesia 15 Mei 2017 / POJK.04/2017 tentang dan Indonesia 15 May 2017 Dokumen Pernyataan Corporate Secretary Pendaftaran dalam Rangka Association / Penawaran Umum Efek Bersifat Indonesia Stock Ekuitas, Efek Bersifat Hutang Exchange and dan Sukuk / Dissemination of Indonesia Corporate POJK No. 07/POJK.04/2017 Secretary Association on Statement of Registration Document within the Framework of Public Offering of Equity Securities, Debt Securities and Sukuk
57 Jabatan / Penyelenggara / Nama / Name Jenis Pelatihan / Training Waktu / Date Position Organizer Ispandiati Sekretaris Sosialisasi Undang- Asosiasi Emiten 19 Juni 2017 / Makmur Perusahaan Undang Persaingan Usaha Indonesia / 19 June 2017 / Corporate / Dissemination of Laws on Indonesian Public Secretary Business Competition Listed Companies Association
Seminar POJK No. 32/ Otoritas Jasa 20 Juli 2017 / POJK.04/2014 dan POJK Keuangan / Financial 20 July 2017 No. 13/POJK.03/2017 / Services Authority Dissemination of POJK No. 32/ POJK.04/2014 and POJK No. 13/POJK.03/2017
Seminar Sosialisasi Peraturan Bursa Efek Indonesia 26 Juli 2017 / OJK No. 13/POJK.03/2017 / dan Indonesia 26 July 2017 Seminar on the Dissemination Corporate Secretary of OJK Regulation No. 13/ Association / POJK.03/2017 Indonesia Stock Exchange and Indonesia Corporate Secretary Association Seminar POJK 21/ Bursa Efek Indonesia 16 Agustus POJK.04/2015 tentang dan Indonesia 2017 / 16 Penerapan Pedoman Tata Corporate Secretary August 2017 Kelola Perusahaan Terbuka Association / melalui Pendekatan Terapkan Indonesia Stock atau Jelaskan (Comply Exchange and or Explain) / Seminar on Indonesia Corporate POJK 21/POJK.04/2015 on Secretary Association Implementation of Governance Guidelines for Public Companies through Comply- or-Explain Approach
Sosialisasi POJK No. 13/ Otoritas Jasa 6 September POJK.03/2017 dan POJK Keuangan / Financial 2017 No. 51/POJK.03/2017 / Services Authority Dissemination of POJK No. 13/ POJK.03/2017 and POJK No. 51/POJK.03/2017
Peraturan Konversi dan Revisi Bursa Efek Indonesia 5 Oktober 2017 Peraturan Lama menjadi POJK dan Indonesia / 5 October serta Panduan Registrasi Online Corporate Secretary 2017 / Regulation on Conversion and Association / Revision of Old Regulations into Indonesia Stock POJK as well as Guidelines for Exchange and Online Registration Indonesia Corporate Secretary Association
58 Struktur Organisasi Dewan Komisaris Board of Commissioners Organization Structure Presiden Komisaris & Komisaris Independen President Commissioner cum Independent Commissioner Todo Sihombing
Wakil Presiden Komisaris & Komisaris Independen Vice President Commissioner cum Independent Commissioner HADI CAHYADI
Komisaris Commissioner Amelia Gozali
Komite Audit Komisaris Audit Committee Commissioner Karel Patipeilohy Ketua–Komisaris Independen Chairman cum Independent Commissioner HADI CAHYADI
Anggota | Member DIREKSI | Board of Directors ANANG YUDIansyah Kurniadi Presiden Direktur President Director Agoes Soelistyo Santoso
Wakil Presiden Direktur Vice President Director ANTHONY prabowo susilo
Direktur Independen Independent Director Alexander Nartates Nartates
Direktur | Director Patrick Santosa Rendradjaja
Direktur | Director Diana Solaiman
Corporate Secretary Owner Representative ispandiati makmur Djoko B. Santoso
Internal Audit Office Support Andriyono adi nugroho Siti Utami
Operation Finance & Accounting Development Legal Human Resources Lusiana Mochtar Taufik Lie Djatikesumo Subagio ispandiati makmur Veronica Prastiwi
- Sales & Marketing - Finance - Business Development - Legal - Personnel - Room & Housekeeping - Accounting - Project Development - License - Administration - Food & Beverage - Training - Engineering - Front Office
59 STRUKTUR GRUP PERUSAHAAN COMPANY GROUP STRUCTURE
37,00% PT Grahatama Kreasibaru
22,12% UBS AG Singapore S/A Anemone Continental SA
PT Indonesian Standard Chartered Bank 20,64% Paradise Property Tbk SG S/A VP Bank for A/C Star East Development Corporation HARRIS Hotel Tuban - Bali
Elysium Investment 18,00% Partners Ltd
2,24% Masyarakat / Public
60 51% PT Aneka Bina Laras 99,99% PT Padma Suasa HARRIS Suites fX Sudirman – Jakarta HARRIS Suites fX Sudirman – Jakarta
55% PT Anugerah Nusaraya HARRIS Resort Waterfront – Batam
60% 51% PT Magna Terra  PT Dinamika Putra Perkasa Cikini Gold Center - Jakarta
51% PT Eka Ilalang Suryadinamika
75%  PT Indonesia Gemilang Mahasentosa  PT Kega Property 92,73% Utama POP! Hotel Sangaji -  PT Indonesian Paradise Island Yogyakarta 55% HARRIS Resort Kuta Beach Bali beachwalk Shopping Center - Bali Sheraton Bali Kuta Resort PT Praba Kumala 99,90% Sajati 27,50% PT Java Paradise Island Park23 Entertainment Center - Bali HARRIS Hotel Tebet - Jakarta
99,90% PT Segara Biru 99,98% PT Karsa Citra Unggul Kencana Hotel Maison Aurelia - 0,10% Bali 55% PT Mitra Gemilang Mahacipta 75,00% PT Trimurti Tunggal Sejahtera 51% PT Mitra Perdana Nuansa 23 Paskal Shopping Center - Bandung
33,34% PT Omega Propertindo Wisma Millenia - Jakarta PT Paloma Suasa Manajemen  PT Plaza Indonesia Realty Tbk Plaza Indonesia Shopping Center - Jakarta Grand Hyatt - Jakarta 36,41% fX Sudirman - Jakarta Keraton at The Plaza (Keraton Luxury Collection Hotel & Keraton Private Residence) The Plaza Office Tower - Jakarta
99,90% PT Retzan Indonusa HARRIS Hotel Batam Center - Batam 99,90%
55% PT Saranausaha Jaya
61 KOMPOSISI PEMEGANG SAHAM COMPOSITION OF SHAREHOLDERS
Informasi mengenai nama pemegang saham Information on the name of majority shareholders, terbesar, pemegang saham yang memiliki saham shareholders with more than 5% of shares and lebih dari 5%, serta pemegang saham masyarakat public shareholders with less than 5% of shares is dengan kepemilikan saham masing-masing as follows: kurang dari 5% sebagai berikut:
Saham / Shares Pemegang Saham Nominal (Rp100/saham) / Shareholders Lembar Saham / Shares Nominal Values (Rp100/share) % Modal Dasar 40.000.000.000 4.000.000.000.000 Authorized Capital Modal Ditempatkan dan Disetor / Issued and Paid Up Capital PT Grahatama Kreasibaru 4.136.971.279 413.697.127.900 37,00 UBS AG Singapore S/A 2.473.154.873 247.315.487.300 22,12 Anemone Continental SA Standard Chartered Bank SG S/A VP Bank for A/C Star East 2.307.593.000 230.759.300.000 20,64 Development Corporation Elysium Investment Partners 2.012.754.912 201.275.491.200 18,00 Limited Masyarakat / Public 251.497.668 25.149.766.800 2,24 Jumlah Modal Ditempatkan & Disetor Penuh / Total 11.181.971.732 1.118.197.173.200 100,00 Issued & Paid Up Capital
INFORMASI PEMEGANG SAHAM UTAMA DAN PENGENDALI INFORMATION ON MAIN AND CONTROLLING SHAREHOLDERS
37,00% PT Grahatama Kreasibaru
UBS AG Singapore S/A Anemone 22,12% Continental SA
Standard Chartered Bank SG S/A VP 20,64% PT Indonesian Paradise Property Tbk Bank for A/C Star East Development HARRIS Hotel Tuban - Bali Corporation
18,00% Elysium Investment Partners Ltd
Masyarakat / Public 2,24%
62 KEPEMILIKAN SAHAM MANAJEMEN SHARE OWNERSHIP BY MANAGEMENT
Nama Jabatan Jumlah Saham Name Position Total Shares % Presiden Komisaris dan Komisaris Todo Sihombing Independen / President Commissioner cum 0 0,00 Independent Commissioner Wakil Presiden Komisaris dan Komisaris Hadi Cahyadi Independen / Vice President Commissioner 0 0,00 cum Independent Commissioner Komisaris Karel Patipeilohy 1.000.000 0,01 Commissioner Komisaris Amelia Gozali 0 0,00 Commissioner Presiden Direktur Agoes Soelistyo Santoso 0 0,00 President Director Wakil Presiden Direktur Anthony Prabowo Susilo 0 0,00 Vice President Director Alexander Nartates Direktur Independen 0 0,00 Nartates Independent Director Patrick Santosa Direktur 5.000.000 0,04 Rendradjaja Director Direktur Diana Solaiman 3.750.000 0,03 Director
JUMLAH PEMEGANG SAHAM DAN PERSENTASE KEPEMILIKAN BERDASARKAN KLASIFIKASI NUMBER OF SHAREHOLDERS AND SHAREHOLDING PERCENTAGE BY MANAGEMENT
Nominal %
Kepemilikan Institusi Lokal / Local Institution Shareholding 423.105.164.500 37,84
Kepemilikan Institusi Asing / Foreign Institution Shareholding 689.441.278.500 61,66
Kepemilikan Individu Lokal / Local Individual Shareholding 5.550.730.200 0,49
Kepemilikan Individu Asing / Foreign Individual Shareholding 100.000.000 0,01
TOTAL 1.118.197.173.200 100
63 KRONOLOGI PENCATATAN SAHAM SHARE LISTING CHRONOLOGY
Kronologi pencatatan dan perubahan jumlah The share listing chronology and changes in the saham sejak awal pencatatan sampai akhir tahun number of share since the start of listing up to buku per 31 Desember 2017 adalah sebagai the end of fiscal year of 31 December 2017 is as berikut: follows:
Pada tanggal 1 Desember 2004, Perseroan On 1 December 2004, the Company first pertama kali mencatatkan sahamnya di Bursa Efek listed its shares of 240 million shares on Surabaya sejumlah 240 juta lembar dengan jumlah Surabaya Stock Exchange with nominal value nilai nominal Rp24.000.000.000. Sesuai dengan of Rp24,000,000,000. In accordance with keterbukaan informasi yang telah disampaikan information disclosure submitted by the Company Perseroan dalam Pernyataan Pendaftaran in Registration Statement of Public Company, Perusahaan Publik yang telah disetujui oleh Badan approved by Capital Market Supervisory Board Pengawas Pasar Modal (BAPEPAM). (BAPEPAM):
- Selanjutnya obligasi Perseroan dikonversikan - The Company’s Bonds were converted into menjadi saham Perseroan oleh Premiere Company shares by Premiere Estates Limited Estates Limited sebanyak 330 juta lembar of 330 million shares with nominal value dengan nilai nominal Rp33.000.000.000. of Rp33,000,000,000. This conversion was Konversi ini resmi dicatatkan di Bursa Efek officially listed on Surabaya Stock Exchange on Surabaya pada tanggal 17 Desember 2004. 17 December 2004. - Perseroan melakukan transaksi tukar-menukar - The Company conducted share swap with saham (share swap) dengan Anemone Anemone Continental S.A of 949 million shares Continental S.A. sebanyak 949 juta lembar with nominal value of Rp94,900,000,000. This dengan nilai nominal Rp94.900.000.000. transaction was officially listed on Surabaya Transaksi ini resmi tercatat di Bursa Efek Stock Exchange on 27 December 2004. Surabaya pada tanggal 27 Desember 2004.
Sehingga, total jumlah saham Perseroan The Company’s total shares increased to meningkat menjadi 1.519.000.000 lembar 1,519,000,000 shares with nominal value of dengan nilai nominal Rp151.900.000.000. Rp151,900,000,000. The Company conducted Perseroan melakukan Penambahan Modal Tanpa Capital Addition Without Pre-Emptive Rights Hak Memesan Efek Terlebih Dahulu dengan by issuing 75 million new shares with nominal menerbitkan saham baru sejumlah 75 juta lembar value of Rp7,500,000,000. This action was listed dengan nilai nominal Rp7.500.000.000. Langkah on Surabaya Stock Exchange on 14 July 2015. ini resmi tercatat di Bursa Efek Surabaya pada Therefore, the Company’s total shares increased tanggal 14 Juli 2005. Dengan demikian, total to 1,594,000,000 shares with nominal value of jumlah saham Perseroan meningkat menjadi Rp159,400,000,000. 1.594.000.000 lembar dengan nilai nominal Rp159.400.000.000.
Sehubungan dengan proses merger antara Bursa On the merger between Jakarta Stock Exchange Efek Jakarta dengan Bursa Efek Surabaya yang with Surabaya Stock Exchange into Indonesia kemudian membentuk Bursa Efek Indonesia, Stock Exchange, the Company temporarily perdagangan saham Perseroan dihentikan suspended its share trading activity since 1 sementara sejak tanggal 1 Desember 2007. December 2007. The temporary trade suspension
64 Pemberhentian perdagangan sementara ini was conducted in consideration of the Company’s dilakukan dengan pertimbangan saham Perseroan inactive traded shares and the number of Public tidak aktif diperdagangkan dan jumlah Pemegang Shareholders, which was below the minimum Saham Publik Perseroan masih di bawah jumlah requirements of Indonesia Stock Exchange. minimal yang disyaratkan Bursa Efek Indonesia.
Agar perdagangan bisa dibuka kembali, pada In order to reopen the trade, in 2009, PT tahun 2009, PT Grahatama Kreasibaru, sebagai Grahatama Kreasibaru, as Controlling Shareholder Pemegang Saham Pengendali Perseroan, of the Company, conducted Right Issue for melaksanakan Penawaran Umum Atas Kepemilikan Shares Ownership of PT Grahatama Kreasibaru Saham PT Grahatama Kreasibaru pada Perseroan. to the Company. The Initial Right Issue consisted Penawaran umum Perdana Saham ini mencakup of 180,000,000 (one hundred eighty million) sejumlah 180.000.000 (seratus delapan puluh juta) Registered Shares, which was considered as old Saham Biasa Atas Nama yang merupakan saham share with nominal value of Rp100 (one hundred lama dengan nilai nominal Rp100 (seratus Rupiah) Rupiah) per share. The price offered to the public per saham. Harga yang ditawarkan ke masyarakat was Rp115 (one hundred fifteen Rupiah) per share. adalah Rp115 (seratus lima belas Rupiah) setiap saham.
Adapun hasil Penawaran Umum Saham yang The Proceeds of Right Issue on 19-21 October dilaksanakan pada 19–21 Oktober 2009 adalah 2009 was as follows: sebagai berikut:
65 Jumlah Uang Keterangan Jumlah Pemesanan Jumlah Saham Pemesanan (Rp) Description Total Subscriber Total Shares Amount of % Subscription (Rp) Total Penawaran - 180.000.000 20.700.000.000 100 Total Offering Total Pemesanan 534 179.639.000 20.658.485.000 99,80 Total Subscription Sisa Penawaran - 361.000 41.515.000 0,20 Unsubscribed Shares
Dengan dilaksanakannya Penawaran umum With the execution of Right Issue, the Company Saham tersebut, Perseroan telah mampu successfully increased its shares ownership to meningkatkan kepemilikan saham guna meet the required total shares owned by Minority memenuhi ketentuan persyaratan jumlah saham Shareholders. Pursuant to letter No.S-05577/BEI. yang dimiliki oleh Pemegang Saham Minoritas. PSJ/10-2009 on 29 October 2009, Indonesia Sehingga, berdasarkan surat No. S-05577/BEI. Stock Exchange revoked the suspension of the PSJ/10-2009 tanggal 29 Oktober 2009, Bursa Efek Company’s Securities trade. Indonesia telah mencabut penghentian sementara (suspensi) perdagangan Efek Perseroan.
Pada tahun 2010, Perseroan melakukan In 2010, the Company developed its business pengembangan usaha dengan melaksanakan through Merger with PT Tirta Saga Wangi, which penggabungan usaha (Merger) dengan PT Tirta was an affiliated company. PT Tirta Saga Wangi Saga Wangi yang masih merupakan perusahaan merged with the Company, thus making all afiliasi Perseroan. PT Tirta Saga Wangi meleburkan subsidiaries and associated companies of PT Tirta diri ke dalam Perseroan, sehingga semua Saga Wangi as the Company’s subsidiaries and perusahaan anak dan perusahaan asosiasi PT associated companies. Following the merger, PT Tirta Saga Wangi menjadi perusahaan anak dan Tirta Saga Wangi was dissolved by law without perusahaan asosiasi Perseroan. Usai proses liquidation process. penggabungan usaha dilakukan, PT Tirta Saga Wangi bubar demi hukum tanpa harus didahului proses likuidasi.
Atas Pernyataan Pendaftaran untuk Penggabungan Based on the Registration Statement for Business Usaha tersebut, telah diperoleh pernyataan efektif Merger above, the Company received effective dari Badan Pengawas Pasar Modal dan Lembaga statement from Capital Market Supervisory Board Keuangan berdasarkan Surat Ketua Bapepam and Financial Institution based on Letter from dan LK No. S-4500/BL/2010 tanggal 20 Mei 2010 Chairman of Bapepam-LK No. S-4500/BL/2010 Perihal Pemberitahuan Efektifnya Pernyataan on 20 May 2010 on the Effective Statement of Penggabungan Usaha. Business Merger.
Penggabungan usaha tersebut juga telah The merger had been approved by the mendapat persetujuan dari Rapat Umum Extraordinary General Meeting of Shareholders on Pemegang Saham Luar Biasa Perseroan pada 25 25 May 2010 and conducted on 1 June 2010. In the Mei 2010. Pelaksanaannya dilakukan pada 1 Juni merger, each 1 (one) share of PT Tirta Saga Wangi 2010. Dalam penggabungan usaha tersebut, was exchanged with 4.7 shares of the Company.
66 setiap 1 (satu) saham PT Tirta Saga Wangi ditukar dengan 4,7 saham Perseroan.
Berikut adalah tabel susunan Pemegang Saham The following is the table of the Company’s Perseroan sebelum dan setelah Penggabungan Shareholders composition before and after usaha pada tanggal 1 Juni 2010: Business Merger on 1 June 2010:
Sebelum Konversi Setelah Konversi Before Merger After Merger Pemegang Saham Perseroan | The Company PT Tirta Saga Wangi Perseroan | The Company Shareholders Jumlah Saham Jumlah Saham Jumlah Saham % % % Total Shares Total Shares Total Shares Modal Dasar 5.000.000.000 100,00 250.000.000 100,00 5.000.000.000 100,00 Authorized Capital Modal Ditempatkan dan Disetor Penuh Issued and Paid Up Capital Anemone Continental 949.000.000 59,54 - - 949.000.000 39,3645 SA PT Grahatama 129.861.000 8,15 173.785.500 99,999 946.652.850 39,2671 Kreasibaru CB London S/A BSI SA 223.000.000 13,99 - - 223.000.000 9,2500 Masyarakat 242.139.000 15,19 - - 292.139.000 12,1179 Yayasan Bunga Kasih 50.000.000 3,13 2.500 0,001 11.750 0,0005 Total Modal Ditempatkan dan Disetor Penuh 1.594.000.000 100,00 173.788.000 100,00 2.410.803.600 100,00 Total Issued and Paid Up Capital
Pada 2012, Perseroan melaksanakan Penambahan In 2012, the Company conducted Capital Increase Modal Tanpa Hak Memesan Efek Terlebih Dahulu Without Pre-Emptive Rights in conjunction to the dengan mengikuti ketentuan Peraturan Bapepam Regulation of Capital Market Supervisory Board dan LK Nomor IX.D.4 tentang Penambahan and Financial Institution (Badan Pengawas Pasar Modal Tanpa Hak Memesan Efek Terlebih Dahulu, Modal/Bapepam and LK) No. IX D.4 on Capital Lampiran Keputusan Ketua Bapepam dan LK Increase Without Pre-Emptive Rights, Appendix Nomor Kep-429/BL/2009 tanggal 9 Desember of Decree of Bapepam and LK Chairman Decision 2009 dan Peraturan Bursa Efek Indonesia Nomor No. Kep.429/BL/2009 dated 9 December 2009 I-A tentang Pencatatan Saham dan Efek Bersifat and Indonesia Stock Exchange Regulation Ekuitas Selain Saham yang diterbitkan oleh Number I-A on Shares Listing and Non Shares Perusahaan Tercatat. Equity type of Marketable Securities issued by the Listed Company.
Penambahan Modal Tanpa hak Memesan Efek The Company’s Capital Increase Without Pre- Terlebih Dahulu Perseroan berupa penerbitan Emptive Rights was conducted through the sebanyak-banyaknya 241.080.360 (dua ratus issuance of 241,080,360 (two hundreds forty empat puluh satu juta delapan puluh ribu tiga one million eighty thousands three hundred ratus enam puluh) saham biasa pada harga and sixty) shares with execution price of Rp350 pelaksanaan sebesar Rp350 (tiga ratus lima puluh (three hundred and fifty Rupiah) per share.
67 Rupiah) per saham. Pelaksanaannya dilakukan Capital Increase Without Pre-Emptive Rights was secara bertahap, disesuaikan dengan kebutuhan conducted in stages, adjusted with demands from dari waktu ke waktu dalam jangka waktu 2 (dua) time to time within the period of 2 (two) years and tahun dan telah mendapat persetujuan dalam had been approved in the Extraordinary General Rapat Umum Pemegang Saham Luar Biasa pada Meeting of Shareholders on 19 June 2012. 19 Juni 2012.
Sampai dengan akhir tahun 2014, Perseroan telah Until the end of 2014, the Company has conducted melaksanakan 3 (tiga) tahap Penambahan Modal 3 (three) stages of Capital Increase Without Pre- Tanpa Hak Memesan Efek Terlebih Dahulu: Emptive Rights:
- Tahap-1 dilakukan pada 24 Juli 2012 dan telah - Stage-1 was conducted on 24 July 2012 that mendapat surat Persetujuan Pencatatan Efek has received the approval letter of Share dari PT Bursa Efek Indonesia Nomor: S-04996/ Listings from Indonesian Stock Exchange No. BEI.PPJ/07-2012 tanggal 12 Juli 2012. S-04996/BEI. PPJ /07-2012 dated 12 July 2012, Pengambil saham Tahap 1 ini adalah PT Saka where the party exercising the shares was PT Guna Lestari. Hasil Pelaksanaan Penambahan Saka Guna Lestari. The result of the Company Modal Tanpa Hak Memesan Efek Terlebih Capital Increase Without Pre-Emptive Rights Dahulu Perseroan Tahap-1 adalah sebagai Stage-1 was as follows: berikut:
Jumlah saham baru yang diterbitkan Tahap-1 71.000.000 lembar saham The amount of new shares issued on Stage-1 71,000,000 shares Harga Nominal per saham Rp100 (seratus Rupiah) Nominal Value per share Rp100 (one hundred Rupiah) Harga Pelaksanaan per saham Rp350 (tiga ratus lima puluh Rupiah) Execution Price per share Rp350 (three hundreds and fifty Rupiah) Nama Pemegang Saham PT Saka Guna Lestari Name of Shareholder
Jumlah Saham Biasa PT Indonesian Paradise Property 2.410.803.600 Tbk sebelum Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap-1 2,410,803,600 Number of Common Shares of PT Indonesian Paradise Property Tbk before Capital Increase With-out Pre- Emptive Rights Stage-1
Jumlah Saham Biasa PT Indonesian Paradise 2.481.803.600 Property Tbk setelah Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap-1 2,481,803,600 Number of Common Shares of PT Indonesian Paradise Property Tbk after Capital Increase With-out Pre-Emptive Rights Stage-1
68 - Tahap-2 dilakukan pada 19 April 2013 dan - Stage-2 was conducted on 19 April 2013 that telah mendapat surat Persetujuan Pencatatan has received the approval letter of Shares Efek dari PT Bursa Efek Indonesia Nomor: Listing from PT Bursa Efek Indonesia No. S-0810/BEI.PPJ/04-2013 tanggal 9 April 2013. S-0810/BEI.PPJ/04-2013 dated 9 April 2013, Pengambil saham Tahap-2 adalah PT Saka where the party excercising the shares was PT Guna Lestari. Hasil Pelaksanaan Penambahan Saka Guna Lestari. The result of the Company Modal Tanpa Hak Memesan Efek Terlebih Capital Increase Without Pre-Emptive Rights Dahulu Perseroan Tahap-2 adalah sebagai Stage-2 was as follows: berikut:
Jumlah saham baru yang diterbitkan Tahap-2 37.000.000 lembar saham The amount of new shares issued on Stage-2 37,000,000 shares Harga Nominal per saham Rp100 (seratus Rupiah) Nominal Value per share Rp100 (one hundred Rupiah) Harga Pelaksanaan per saham Rp380 (tiga ratus delapan puluh Rupiah) Execution Price per share Rp380 (three hundreds and eighty Rupiah) Nama Pemegang Saham PT Saka Guna Lestari Name of Shareholder
Jumlah Saham Biasa PT Indonesian Paradise Property 2.481.803.600 Tbk sebelum Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap-2 2,481,803,600 Number of Common Shares of PT Indonesian Paradise Property Tbk before Capital Increase Without Pre- Emptive Rights Stage-2 Jumlah Saham Biasa PT Indonesian Paradise Property 2.518.803.600 Tbk setelah Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap-2 2,518,803,600 Number of Common Shares of PT Indonesian Paradise Property Tbk after Capital Increase Without Pre-Emptive Rights Stage-2
- Tahap-3 dilakukan pada 2 Juni 2014 dan telah - Stage-3 was conducted on 2 June 2014 that mendapat surat Persetujuan Pencatatan Efek has received the approval letter of Shares dari PT Bursa Efek Indonesia Nomor: S-01943/ Listing from Indonesian Stock Exchange No. BEI.Pg2/05-2014 tanggal 19 Mei 2014. S-01943/BEI.Pg2/05-2014 dated 19 May 2014 Pengambil saham Tahap 3 adalah PT Saka Guna where the party exercising the shares was PT Lestari. Hasil Pelaksanaan Penambahan Modal Saka Guna Lestari. The result of the Company Tanpa Hak Memesan Efek Terlebih Dahulu Capital Increase Without Pre-Emptive Rights Perseroan Tahap-3 adalah sebagai berikut: Stage-3 was as follows:
69 Jumlah saham baru yang diterbitkan Tahap-3 40.000.000 lembar saham The amount of new shares issued on Stage-3 40,000,000 shares Harga Nominal per saham Rp100 (seratus Rupiah) Nominal Value per share Rp100 (one hundred Rupiah) Harga Pelaksanaan per saham Rp350 (tiga ratus lima puluh Rupiah) Execution Price per share Rp350 (three hundreds and fifty Rupiah) Nama Pemegang Saham PT Saka Guna Lestari Name of Shareholder
Jumlah Saham Biasa PT Indonesian Paradise 2.518.803.600 Property Tbk sebelum Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap-3 2,518,803,600 Number of Common Shares of PT Indonesian Paradise Property Tbk before Capital Increase Without Pre- Emptive Rights Stage-3 Jumlah Saham Biasa PT Indonesian Paradise 2.558.803.600 Property Tbk setelah Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap-3 2,558,803,600 Number of Common Shares of PT Indonesian Paradise Property Tbk after Capital Increase Without Pre-Emptive Rights Stage-3
PT Saka Guna Lestari, sebagai pihak yang As the shares subscriber in all stages of the mengambil saham Perseroan dalam rangkaian Company Capital Increase Without Pre-Emptive ketiga tahapan pelaksanaan Penambahan Modal Rights, PT Saka Guna Lestari is not associated with Tanpa Hak Memesan Efek Terlebih Dahulu the Company and is neither the major shareholders Perseroan tersebut di atas, adalah pihak yang tidak nor affiliated with members of Board of Directors, memiliki keterkaitan dengan Perseroan. PT Saka Board of Commissioners and the Company’s Guna Lestari juga bukan merupakan Pemegang Major Shareholders. Therefore, the new shares Saham Utama Perseroan maupun pihak terafiliasi subscription transaction by PT Saka Guna Lestari dengan anggota Direksi, Dewan Komisaris, dan is not considered as the affiliated transactions Pemegang Saham Utama Perseroan. Oleh karena as well as a conflict of interest as referred in the itu, transaksi pengambilan saham baru Perseroan Bapepam and LK Regulation IX.E.1 Appendix of oleh PT Saka Guna Lestari ini bukan merupakan Chairman Bapepam and LK’s Decision No. Kep- transaksi afiliasi dan tidak mengandung benturan 412/BL/2009 dated 25 November 2009 regarding kepentingan sebagaimana dimaksud dalam Affiliated Transaction and Conflict of Interest on Peraturan Bapepam dan LK IX.E.1, Lampiran Certain Transaction. Keputusan Ketua Bapepam dan LK Nomor: Kep-412/BL/2009 tanggal 25 November 2009 mengenai Transaksi Afiliasi dan Benturan Kepentingan Transaksi Tertentu.
Pada 2015, Perseroan melaksanakan Penawaran In 2015, the Company conducted Right Issue I Umum Terbatas I dengan cara menerbitkan with Pre-Emptive Rights to the Shareholders, and Hak Memesan Efek Terlebih Dahulu kepada had received effective statement from Financial Para Pemegang Saham Perseroan, dan telah Services Authority pursuant to OJK letter No:
70 mendapat pernyataan efektif dari Otoritas S-253/D.04/2015 dated 12 June 2015, on: Jasa Keuangan berdasarkan surat dari OJK Notification of Effective Registration Statement, Nomor: S-253/D.04/2015, tanggal 12 Juni 2015, and had been approved in the Extraordinary perihal: Pemberitahuan Efektifnya Pernyataan General Meeting of Shareholders conducted Pendaftaran, serta telah mendapat persetujuan during the Rights Issue I on 12 June 2015. dalam Rapat Umum Pemegang Saham Luar Biasa Perseroan yang dilaksanakan pada Penawaran Umum Terbatas I tanggal 12 Juni 2015.
Uraian Pelaksanaan Penawaran Umum Terbatas I The description of Right Issue I Implementation is Perseroan adalah sebagai berikut: as follows:
Jenis efek yang ditawarkan Hak Memesan Efek Terlebih Dahulu Securities type offered Pre-Emptive Rights Jumlah Hak Memesan Sebanyak 8.623.168.132 (delapan miliar enam ratus dua puluh tiga juta Terlebih Dahulu seratus enam puluh delapan ribu seratus tiga puluh dua) saham yang merupakan Saham Baru yang dikeluarkan dari portepel Perseroan yang memiliki hak yang sama dan sederajat dalam segala hal dengan Saham Biasa Atas Nama lainnya yang telah ditempatkan dan disetor penuh. Around 8,623,168,132 (eight billion six hundred twenty three million one hundred sixty eight thousand one hundred thirty two) New Shares issued by Total Pre-Emptive Rights the company’s portfolio with fair and equal rights in all aspects with issued and fully paid Registeres Shares.
Nilai Nominal Rp100 (seratus rupiah) per saham atau seluruhnya dengan nilai nominal Rp 862.316.813.200 (delapan ratus enam puluh dua miliar tiga ratus enam belas juta delapan ratus tiga belas ribu dua ratus rupiah) Rp100 (one hundred rupiah) per share or as whole with nominal value of Nominal Value Rp862,316,813,200 (eight hundred sixty two billion three hundred sixteen million eight hundred thirteen thousand two hundred Rupiah)
Harga Pelaksanaan Hak Rp325 (tiga ratus dua puluh lima Rupiah), sehingga keseluruhan dana yang Memesan Terlebih Dahulu akan diterima Perseroan sebesar Rp2.802.529.642.900 (dua triliun delapan per saham ratus dua miliar lima ratus dua puluh sembilan juta enam ratus empat puluh dua ribu sembilan ratus Rupiah) Rp325 (three hundred and twenty five Rupiah), making the total proceeds received by the Company at Rp2,802,529,642,900 (two trillion eight Pre-Emptive Rights hundred and two billion five hundred twenty nine million six hundred forty Impementation price per two thousand nine hundred Rupiah) share
Rasio Konversi 100 (seratus) Saham lama berhak atas 337 (tiga ratus tiga puluh tujuh) Hak Memesan Terlebih Dahulu Convertion Ratio 100 (one hundred) Rights Issue on 337 (three hundred thirty seven) Pre- Emptive Rights
Maksimum dilusi kepemilikan 77,12% (tujuh puluh tujuh koma dua belas persen) saham perseroan Maximum diluted shares 77.12% (seventy seven point twelve percent) ownership
71 Atas Saham Baru tersebut telah dicatatkan di Bursa The New Shares that were listed on Indonesia Efek Indonesia merupakan saham biasa atas nama Stock Exchange were registered shares that would yang akan memberikan kepada pemegangnya grant rights to be implemented by the Company’s semua hak yang dapat dijalankan oleh setiap Shareholders. The registered shares had fair and Pemegang Saham Perseroan serta merupakan equal values with other previously-listed shares of saham yang sama dan sederajat dengan saham- the Company. saham yang telah dicatatkan sebelumnya oleh Perseroan.
Pihak yang bertindak selaku Pembeli Siaga adalah The parties acting as Standby Buyers were: Penta Penta Pacific Holdings Limited dan Elysium Pacific Holdings Limited and Elysium Investment Investment Partners Limited, di mana para Pembeli Partners Limited. The Standby Buyers had no Siaga tersebut bukan merupakan pihak yang affiliation with the Company. In this Right Issue I, in terafiliasi dengan Perseroan. Dalam Penawaran order to maintain its ownership in the Company, PT Umum Terbatas I ini, PT Grahatama Kreasibaru Grahatama Kreasibaru as the Shareholder of 37% selaku Pemegang Saham Perseroan sebesar 37%, of the Company’s shares declared its capability guna mempertahankan kepemilikannya dalam and implemented its rightful Pre-Emptive Rights. Perseroan, telah menyatakan kesanggupan dan melaksanakan Hak Memesan Efek Terlebih Dahulu yang menjadi haknya.
Seluruh Hak Memesan Efek Terlebih Dahulu The Pre-Emptive Rights has been performed, tersebut telah dilaksanakan sehingga jumlah resulting in the Company’s total listed share of saham Perseroan yang dicatatkan menjadi 11,181,971,732 (eleven billion one hundred eighty sebesar 11.181.971.732 (sebelas miliar seratus one million nine hundred seventy one thousand delapan puluh satu juta sembilan ratus tujuh seven hundred thirty two) Registered Common puluh satu ribu tujuh ratus tiga puluh dua) Saham Stocks which consist of 2,558,803,600 (two billion Biasa Atas Nama yang terdiri dari 2.558.803.600 five hundred fifty eight million eight hundred (dua miliar lima ratus lima puluh delapan juta three thousand six hundred) issued shares and delapan ratus tiga ribu enam ratus) Saham Lama 8,623,168,132 (eight billion six hundred twenty dan 8.623.168.132 (delapan miliar enam ratus dua three million one hundred sixty eight thousand puluh tiga juta seratus enam puluh delapan ribu one hundred thirty two) New Shares derived seratus tiga puluh dua) Saham Baru yang berasal from Right Issue I, each share valued Rp100 (one dari Penawaran Umum Terbatas I, masing-masing hundred Rupiah) per share. dengan nilai nominal Rp100 (seratus Rupiah) setiap lembar saham.
Jumlah saham baru yang diterbitkan Penawaran Umum Terbatas 8.623.168.132 lembar saham The amount of new shares issued on Right Issue I 8,623,168,132 shares
Harga Nominal per saham Rp100 (seratus Rupiah) Nominal Value per share Rp100 (one hundred Rupiah) Harga Pelaksanaan per saham Rp325 (tiga ratus dua puluh lima Rupiah) Execution Price per share Rp325 (three hundred and twenty five Rupiah) Jumlah saham biasa PT Indonesian Paradise Property Tbk 2.558.803.600 sebelum Penawaran Umum Terbatas The Amount of Ordinary Share of PT Indonesian Paradise Property 2,558,803,600 before Rights Issue I
Jumlah saham biasa PT Indonesian Paradise Property Tbk 11.181.971.732 setelah Penawaran Umum Terbatas The Amount of Ordinary Share of PT Indonesian Paradise Property 11,181,971,732 after Rights Issue I
72 INFORMASI AKSI KORPORASI CORPORATE ACTIONS INFORMATION
Dalam 2 (dua) tahun buku terakhir yaitu untuk In the last 2 (two) fiscal years, namely 2017 and tahun buku 2017 dan tahun buku 2016 Perseroan 2016, the Company did not execute any corporate tidak melaksanakan aksi korporasi yang action that is related to stock split, reverse berhubungan dengan pemecahan saham (stock stock, share dividend, bonus shares and value split), penggabungan saham (reverse stock), depreciation dividen saham, saham bonus maupun penurunan nilai saham.
INFORMASI OBLIGASI, SUKUK ATAU INFORMATION ON BONDS, SUKUK OBLIGASI KONVERSI YANG MASIH BEREDAR OR CONVERTIBLE BONDS THAT WERE DALAM 2 (DUA) TAHUN BUKU TERAKHIR OUTSTANDING IN THE LAST 2 (TWO) FISCAL YEARS Perseroan tidak memiliki informasi mengenai obligasi, sukuk atau obligasi konversi yang The Company has no information on bonds, masih beredar dalam 2 (dua) tahun buku sukuk or convertible bonds that were outstanding terakhir. Sehingga, informasi mengenai jumlah in the last 2 (two) fiscal years. Hence, information obligasi/sukuk/obligasi konversi yang beredar on total outstanding bonds/sukuk/convertible (outstanding); tingkat bunga/imbalan; tanggal bonds; interest/benefit rate; maturity date; and jatuh tempo; dan peringkat obligasi/sukuk tahun bonds/sharia bonds rating in 2016 and 2017 is not 2016 dan 2017 tidak dapat dibahas dalam Laporan available in this Annual Report. Tahunan ini.
KRONOLOGI PENCATATAN EFEK LAINNYA CHRONOLOGY OF OTHER SECURITIES LISTING Pada 2017, Perseroan tidak mencatatkan efek lain In 2017, the Company did not execute other di pasar modal sehingga informasi ini tidak dapat securities listing; hence, information on this disajikan. matter is not available in this Annual Report.
Daftar Entitas Anak Perusahaan LIST OF SUBSIDIARY ENTITIES
Anak Perusahaan/ Persentase Kepemilikan Status Perusahaan Bidang usaha Saham Perseroan (%) Total Aset 2017 Operasional Asosiasi Business Line Company Shareholding Total Assets in 2017 Operational Subsidiary/ Percentage (%) Status Associate Entities
PT Aneka Bina Pembangunan dan Jasa 51 88.339.285.870 Beroperasi Laras Development and Service Operating PT Anugerah Penyedia akomodasi (hotel) 55 84.542.449.272 Beroperasi Nusaraya Accommodation (hotel) service Operating PT Dinamika Perdagangan umum dan investasi 60 19.698.813.762 Beroperasi Putra Perkasa General trading and investment Operating PT Eka Ilalang Perhotelan 51 24.408.645.560 Belum Suyadinamika Hospitality Beroperasi Standby
73 PT Indonesia Perdagangan, pembangunan, real estate, 75 997.064.065 Belum Gemilang industri percetakan, pertanian, bengkel, dan Beroperasi Mahasentosa jasa angkutan Standby Trading, development, real estate, printing industry, agriculture, workshop, transportation service PT Indonesian Penyediaan akomodasi (hotel) dan 55 1.336.130.115.890 Beroperasi Paradise Island Perdagangan Umum Operating Accommodation (hotel) service and General Trading PT Java penyediaan akomodasi (hotel) 27,5 88.977.186.244 Beroperasi Paradise Island Accommodation (hotel) service Operating PT Karsa Citra penyediaan akomodasi (hotel) 99,98 235.633.341.441 Beroperasi Unggul Accommodation (hotel) service Operating PT Kega penyediaan akomodasi (hotel) 92,73 melalui PT Karsa 45.716.304.945 Beroperasi Property Accommodation (hotel) service Citra Unggul Operating Utama 92.73 through PT Karsa Citra Unggul PT Magna Perdagangan umum 51,00 melalui PT Dinamika 14.723.280.191 Beroperasi Terra General trading Putra Perkasa Operating 51.00 through PT Dinamika Putra Perkasa PT Mitra Perdagangan, pembangunan, perindustrian, 55 111.173.176.030 Belum Gemilang pertanian, bengkel, dan jasa angkutan Beroperasi Mahacipta Development, trading, industry, land Standby transportation, farming, workshop and service PT Mitra pembangunan, jasa dan perdagangan 51 531.739.836.837 Beroperasi Perdana Development service and trading Operating Nuansa PT Omega perdagangan umum, pembangunan, jasa, dan 33,34 104.514.495.323 Beroperasi Propertindo lain-lain Operating General trading, development, service and others PT Padma penyediaan akomodasi (hotel) 99,99 melalui PT Aneka 26.028.816.008 Beroperasi Suasa Accommodation (hotel) service Bina Laras Operating 99.99 through PT Aneka Bina Laras PT Paloma Perdagangan, pembangunan, real estate, 99,90 dan 0,10 melalui PT 100.000.000 Belum Suasa industri percetakan, pertanian, bengkel, dan Retzan Indonusa dan PT Beroperasi Manajemen jasa angkutan Karsa Citra Unggul Standby Trading, development, real estate, 99.90 and 0.10 through PT printing industry, agriculture, workshop, Retzan Indonusa and PT transportation service Karsa Citra Unggul PT Plaza Perhotelan, pusat perbelanjaan, perkantoran 36,41 4.639.438.405.000 Beroperasi Indonesia dan apartemen Operating Realty Hospitality, shopping center, office and Tbk apartment PT Praba Perdagangan Umum 99,90 melalui PT Karsa 109.772.126.938 Beroperasi Kumala Sejati General Trading Citra Unggul Operating 99.90 through PT Karsa Citra Unggul PT Retzan Perhotelan dan real estat Hospitality and real 99,9 140.937.896.336 Beroperasi Indonusa estate Operating PT Perdagangan Umum 55 13.526.938.960 Belum Saranausaha General Trading Beroperasi Jaya Standby PT Segara Biru Penyediaan akomodasi (hotel) 99,90 melalui PT Karsa 67.323.368.307 Beroperasi Kencana Accommodation (hotel) service Citra Unggul Operating 99.90 through PT Karsa Citra Unggul PT Trimurti Perdagangan, Keagenan, Perwakilan, 75,00 melalui PT Karsa 401.073.030 Belum Tunggal Pembangunan, Perindustrian, Jasa, Citra Unggul Beroperasi Sejahtera Pengangkutan, Perbengkelan, dan 75.00 through PT Karsa Standby Percetakan Citra Unggul Trading, Agency, Representative, Development, Industry, Service, Transportation, Workshop, And Printing
74 PT ANEKA BINA LARAS
ALAMAT / ADDRESS : Apartemen fX Residences, lantai 10 Jl. Jenderal Sudirman – Pintu I Senayan. Jakarta 10270, Indonesia T (62-21) 25554333 F (62-21) 25554321
PT Aneka Bina Laras didirikan pada PT Aneka Bina Laras was established tanggal 15 Februari 2010 dengan bidang on 15 February 2010, and operates in usaha pembangunan dan jasa terkait. Unit construction and related services. The usaha PT Aneka Bina Laras adalah HARRIS business unit of PT Aneka Bina Laras is Suites fX Sudirman – Jakarta yang telah HARRIS Suites fX Sudirman – Jakarta beroperasi sejak bulan April 2011 dan that has been operating since April 2011 memiliki 147 kamar. Hotel ini menyatu and has 147 condotel rooms. The hotel is dengan fX Sudirman & Residences yang integrated with fX Sudirman & Residences berlokasi di Jalan Jenderal Sudirman, which is located on Jalan Jenderal Jakarta. Sudirman, Jakarta.
Struktur Permodalan dan Susunan The Capital Structure and Shareholder Pemegang Saham PT Aneka Bina Laras Composition of PT Aneka Bina Laras are adalah sebagai berikut: as follows:
Saham | Shares Pemegang Saham Nominal Saham (Rp500/saham) Shareholders % Shares Nominal value (Rp500/shares) Modal Dasar | Authorized Capital: 120.000.000 60.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 41.626.200 20.813.100.000 51,00 • PT Plaza Nusantara Realti 39.993.800 19.996.900.000 49,00
Jumlah Modal Ditempatkan & Disetor Penuh 81.620.000 40.810.000.000 100,00 Amount of Issued and Paid Up Capital
75 PT PADMA SUASA (Entitas Anak PT Aneka Bina Laras / A Subsidiary of PT Aneka Bina Laras)
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Padma Suasa didirikan pada 12 Agustus 2010 PT Padma Suasa was established on 12 August dengan bidang usaha penyediaan akomodasi 2010 to provide accommodation (hotel) services. (hotel). PT Padma Suasa mengoperasikan HARRIS PT Padma Suasa operates HARRIS Suites fX Suites fX Sudirman – Jakarta sejak bulan April Sudirman-Jakarta since April 2011 which is 2011 yang berlokasi menyatu dengan fX Sudirman integrated with fX Sudirman & Residences on & Residences di Jalan Jenderal Sudirman, Jakarta. Jalan Jenderal Sudirman, Jakarta.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Padma Suasa adalah sebagai berikut: Composition of PT Padma Suasa are as follows:
Saham | Shares Pemegang Saham Nominal (Rp1.000/saham) Saham Shareholders Nominal value % Shares (Rp1.000/shares) Modal Dasar | Authorized Capital: 400.000 400.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Aneka Bina Laras 99.990 99.990.000 99,99 • PT Grahatama Kreasibaru 10 10.000 0,01
Jumlah Modal Ditempatkan & Disetor Penuh 100.000 100.000.000 100,00 Amount of Issued and Paid Up Capital
PT Anugerah Nusaraya
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Anugerah Nusaraya didirikan pada tanggal PT Anugerah Nusaraya was established on 29 29 November 2006 dan saat ini memiliki bidang November 2006 and presently engages in the
76 usaha penyediaan akomodasi (hotel). PT Anugerah business of accommodation (hotel). PT Anugerah Nusaraya memiliki lahan seluas 68.141 m² di Jalan Nusaraya has a 68,141 m2 land bank on Jalan Kyai Haji Ahmad Dahlan, Marina Waterfront, Kyai Haji Ahmad Dahlan, Marina Waterfront, Batam, Kepulauan Riau, Indonesia. Pada lahan Batam, Riau Islands, Indonesia. On this location, tersebut PT Anugerah Nusaraya memiliki hotel PT Anugerah Nusaraya possesses HARRIS Resort HARRIS Resort Waterfront – Batam, dengan Waterfront hotel – Batam, with total rooms of 308 kapasitas 308 kamar dan berada dalam kompleks and situated within the Marina Waterfront City Marina Waterfront City, Batam, serta berada di tepi complex, Batam, as well as on the shore facing the pantai menghadap selat Singapura. Singapore strait.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Anugerah Nusaraya adalah sebagai Composition of PT Anugerah Nusaraya are as berikut: follows:
Saham | Shares Pemegang Saham Nominal (Rp1.000/saham) Saham Shareholders Nominal value % Shares (Rp1.000/shares) Modal Dasar | Authorized Capital: 100.000.000 100.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 44.434.001 44.434.001.000 55,00 • PT Andalan Karya Property 28.276.183 28.276.183.000 35,00 • Jeffrie Geovanie 4.039.454 4.039.454.000 5,00 • Karel Pattipeilohy 4.039.454 4.039.454.000 5,00 Jumlah Modal Ditempatkan & Disetor Penuh 80.789.092 80.789.092.000 100,00 Amount of Issued and Paid Up Capital
PT Dinamika Putra Perkasa
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Dinamika Putra Perkasa didirikan pada 4 Januari PT Dinamika Putra Perkasa was established on 4 2006 dengan bidang usaha perdagangan umum January 2006 to conduct general trading business. sekaligus perusahaan investasi yang memiliki 1 PT Dinamika Putra Perkasa is an investment (satu) entitas anak yaitu PT Magna Terra. company that has 1 (one) subsidiary, PT Magna Terra.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Dinamika Putra Perkasa adalah sebagai Composition of PT Dinamika Putra Perkasa are as berikut: follows:
77 Saham | Shares Pemegang Saham Nominal (Rp1.000/saham) Saham Shareholders Nominal value % Shares (Rp1.000.000/shares) Modal Dasar | Authorized Capital: 10.000 10.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 4.200 4.200.000.000 60,00 • PT Sejahtera Karya Bersama 2.800 2.800.000.000 40,00 Jumlah Modal Ditempatkan & Disetor Penuh 7.000 7.000.000.000 100,00 Amount of Issued and Paid Up Capital
PT MAGNA TERRA (Entitas Anak PT Dinamika Putra Perkasa / A Subsidiary of PT Dinamika Putra Perkasa)
Alamat / Address: Alamat Kantor Korespondensi / Address of Correspondence Office: Wisma Aldiron, Lantai Dasar, Suite 038. Jl. Pegangsaan Timur Raya, Cikini, Menteng Jl. Gatot Subroto Kav, 72, Pancoran Jakarta Pusat 10310, Indonesia Jakarta Selatan, Indonesia T (62-21) 31909088 F (62-21) 31900505
PT Magna Terra didirikan pada 7 Juli 2006 dengan PT Magna Terra was established on 7 July 2006 in bidang usaha perdagangan umum. PT Magna the business of general trading. PT Magna Terra Terra merupakan pemilik proyek peremajaan is the owner of Cikini Gold Center restoration Pasar Perhiasan Cikini dengan luas lahan 3.679 project that is developed on a 3,679 m2 of land. m2, dan telah mendapatkan hak membangun dan The Rights to restore Cikini Gold Market was memasarkan unit peremajaan Pasar Cikini sejak obtained in 2007. The restoration project of gold tahun 2007. Proyek peremajaan pasar perhiasan market which was later named as “Cikini Gold yang diberi nama Cikini Gold Center tersebut Center” was started on June 2011, and has been dimulai pada Juni 2011 dan sudah beroperasi operating since early 2013. diawal tahun 2013.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Magna Terra adalah sebagai berikut: Composition of PT Magna Terra are as follows:
Saham | Shares Pemegang Saham Nominal (Rp1.000/saham) Saham Shareholders Nominal value % Shares (Rp1.000/shares) Modal Dasar | Authorized Capital: 15.000.000 15.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Dinamika Putra Perkasa 3.999.930 3.999.930.000 51,00 • PT Arthandy Capitals 3.843.070 3.843.070.000 49,00 Jumlah Modal Ditempatkan & Disetor Penuh 7.843.000 7.843.000.000 100,00 Amount of Issued and Paid Up Capital
78 PT Eka Ilalang Suryadinamika
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Eka Ilalang Suryadinamika didirikan pada 27 PT Eka Ilalang Suryadinamika was established Oktober 1995 dengan bidang usaha perhotelan, on 27 October 1995 and operates in hospitality memiliki lahan seluas 18.668 m2 di Sentul, Bogor, industry (hotel). PT Eka Ilalang Suryadinamika has Jawa Barat. Di atas lahan tersebut, akan dibangun a 18,668 m2 land bank in Sentul, Bogor, West Java hotel dan apartemen yang saat ini sedang dalam on which a hotel and an apartment will be built. tahap perencanaan dan pengurusan perizinan The planning of the development is still being pembangunan. worked on, along with the building permit.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Eka Ilalang Suryadinamika adalah Composition of PT Eka Ilalang Suryadinamika are sebagai berikut: as follows:
Saham | Shares Pemegang Saham Nominal Saham (Rp1.000.000/saham) Shareholders % Shares Nominal value (Rp1.000.000/shares) Modal Dasar | Authorized Capital: 25.000 25.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 5.100 5.100.000.000 51,00 • PT Dinamika Langgeng Pratama 4.900 4.900.000.000 49,00 Jumlah Modal Ditempatkan & Disetor Penuh 10.000 10.000.000.000 100,00 Amount of Issued and Paid Up Capital
PT Indonesia Gemilang Mahasentosa
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Indonesia Gemilang Mahasentosa didirikan PT Indonesia Gemilang Mahasentosa was pada 28 Juni 2016 dengan bidang usaha established on 28 June 2016 and engages in the perdagangan, pembangunan, real estat, industri, business of trading, development, real estate,
79 percetakan, pertanian, perbengkelan, jasa dan industry, printing, agriculture, workshop, service angkutan. and transportation.
Struktur permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Indonesia Gemilang Mahasentosa Composition of PT Indonesia Gemilang adalah sebagai berikut: Mahasentosa are as follows
Saham | Shares Nominal Pemegang Saham Saham (Rp1.000/saham) Shareholders Shares Nominal value % (Rp1.000/shares) Modal Dasar | Authorized Capital: 400.000 400.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 75.000 75.000.000 75,00 • PT Ormand Capital International 25.000 25.000.000 25,00 Jumlah Modal Ditempatkan & Disetor Penuh 100.000 100.000.000 100,00 Amount of Issued and Paid Up Capital
PT Indonesian Paradise Island
Alamat Kantor Korespondensi Sheraton Bali Kuta Resort Address of Correspondence Office: Sahid Kuta Lifestyle Resort Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. Jl. Pantai Kuta, Bali, 80361, Indonesia 24 -25. Jakarta 12930, Indonesia T (0361) 8465555 F (0361) 8465577 T (62-21) 2988 0466 F (62-21) 2988 0460
Alamat / Address: beachwalk Shopping Center HARRIS Hotel Tebet – Jakarta Sahid Kuta Lifestyle Resort Jl. Dr. Saharjo No. 191 Jl. Pantai Kuta, Bali, 80361, Indonesia Jakarta 12960, Indonesia T (0361) 8464 888 F (0361) 8465 000 T (62-21) 8303355 F(62-21) 8295533
PT Indonesian Paradise Island didirikan pada 22 PT Indonesian Paradise Island was established on Januari 1985. Awalnya diberi nama PT Sahid Bali 22 January 1985, under the name PT Sahid Bali Seaside Cottage yang bergerak di bidang usaha Seaside Cottage, which engages in the provision penyediaan akomodasi (hotel). of accommodation (hotel).
PT Indonesian Paradise Island merupakan pemilik PT Indonesian Paradise Island is the owner of kawasan destinasi wisata, Sahid Kuta Lifestyle tourism destination area, Sahid Kuta Lifestyle Resort yang terdiri dari beachwalk Shopping Resort which consists of beachwalk Shopping Center dan Sheraton Bali Kuta Resort. Pada Center and Sheraton Bali Kuta Resort. At present,
80 kawasan yang sama, Perseroan sedang melakukan the Company is developing 4-star and 3-star pengembangan hotel bintang 4, bintang 3, dan hotels as well as apartments within the same area. apartemen.
Komposisi lengkap Pemegang Saham PT The full composition of Shareholders of PT Indonesian Paradise Island adalah sebagai berikut: Indonesian Paradise Island is as follows:
Saham | Shares Nominal Pemegang Saham Saham (Rp1.000/saham) Shareholders Shares Nominal value % (Rp1.000/shares) Modal Dasar | Authorized Capital: 300.000.000 300.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 134.566.667 134.566.667.000 55,00 • Vision Lead Finance Limited 55.050.000 55.050.000.000 22,50 • PT Bimantara Citra 24.466.667 24.466.667.000 10,00 • Dr. H. Sukamdani Sahid Gitosardjono 11.010.000 11.010.000.000 4,50 • Hj. Yuliah Sukamdani 7.340.000 7.340.000.000 3,00 • PT Indonesian Paradise Island 12.233.333 12.233.333.000 5,00
Jumlah Modal Ditempatkan & Disetor Penuh 244.666.667 244.666.667.000 100,00 Amount of Issued and Paid Up Capital Sheraton Bali Kuta Resort Sahid Kuta Lifestyle Resort Jl. Pantai Kuta, Bali, 80361, Indonesia T (0361) 8465555 F (0361) 8465577 PT Java Paradise Island beachwalk Shopping Center Alamat Kantor Korespondensi / Address of Correspondence Office: Sahid Kuta Lifestyle Resort HARRIS Hotel Tebet – Jakarta. Jl. Dr. Saharjo No. 191. Jakarta, 12960, Indonesia Jl. Pantai Kuta, Bali, 80361, Indonesia T (62-21) 8303355 F (62-21) 8295533 T (0361) 8464 888 F (0361) 8465 000
PT Java Paradise Island didirikan pada tanggal 31 PT Java Paradise Island was established on 31 July Juli 1995. Tahun 2004, Perseroan berpatungan 1995. In 2004, the Company, jointly with several dengan beberapa strategic partners melakukan strategic partners, invested shares in PT Java penyertaan saham pada PT Java Paradise Island Paradise Island to develop a four-star hotel on guna membangun hotel berbintang empat di atas the 5,580 m2 land named HARRIS Hotel Tebet– lahan seluas 5.580 m2 yaitu HARRIS Hotel Tebet Jakarta. – Jakarta.
HARRIS Hotel Tebet – Jakarta berlokasi dekat HARRIS Hotel Tebet–Jakarta is located on Jalan Dr. dengan pusat bisnis, pertokoan, dan perkantoran Saharjo No. 191, South Jakarta, close to business yaitu di Jalan Dr. Saharjo No. 191, Jakarta Selatan. districts, shopping centers, and offices. HARRIS
81 HARRIS Hotel Tebet – Jakarta dikelola oleh Tauzia Hotel Tebet –Jakarta is managed by Tauzia Hotel Hotel Management dan telah beroperasi sejak Management and commenced is operations in bulan September 2005. Hotel ini memiliki fasilitas September 2005. The facilities available include seperti function hall, meeting room, business function hall, meeting room, business center, center, restaurant & bar, fitness center & spa, dan restaurant & bar, fitness center & spa, and others. lain-lain.
Komposisi lengkap Pemegang Saham PT Java The full composition of Shareholders of PT Java Paradise Island adalah sebagai berikut : Paradise Island is as follows
Saham | Shares Nominal Pemegang Saham Saham (Rp1.000/saham) Shareholders Shares Nominal value % (Rp1.000/shares) Modal Dasar | Authorized Capital: 100.000.000 100.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Caraka Investama 45.675.000 45.675.000.000 72,50 • PT Indonesian Paradise Property Tbk 17.325.000 17.325.000.000 27,50 Jumlah Modal Ditempatkan & Disetor Penuh 63.000.000 63.000.000.000 100,00 Amount of Issued and Paid Up Capital
PT Karsa Citra Unggul
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Karsa Citra Unggul didirikan pada 14 Februari PT Karsa Citra Unggul was established on 2007 dengan bidang usaha penyediaan akomodasi 14 February 2007, and operates to provide (hotel), memiliki lahan seluas 2.144 m2 di Manado, accommodation (hotel) service. PT Karsa Citra Sulawesi Utara yang rencananya akan dibangun Unggul owns a 2,144 m2 land in Manado, North apartemen. PT Karsa Citra unggul memiliki 5 (lima) Sulawesi, on which an apartment will be built. PT entitas anak, yaitu PT Kega Property Utama, PT Karsa Citra Unggul has 5 (five) subsidiaries, namely Praba Kumala Sajati, PT Segara Biru Kencana, PT PT Kega Property Utama, PT Praba Kumala Sajati, Trimurti Tunggal Sejahtera, dan PT Paloma Suasa PT Segara Biru Kencana, PT Trimurti Tunggal Manajemen. Sejahtera, and PT Paloma Suasa Manajemen.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Karsa Citra unggul adalah sebagai Composition of PT Karsa Citra Unggul are as berikut: follows:
82 Saham | Shares Nominal Pemegang Saham Saham (Rp1.000/saham) Shareholders Shares Nominal value % (Rp1.000/shares) Modal Dasar | Authorized Capital: 112.000.000 112.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 27.995.000 27.995.000.000 99,98 • Yayasan Bunga Kasih 5.000 5.000.000 0,02 Jumlah Modal Ditempatkan & Disetor Penuh 28.000.000 28.000.000.000 100,00 Amount of Issued and Paid Up Capital
PT Kega Property Utama ((Entitas Anak PT Karsa Citra Unggul) / A Subsidiary of PT Karsa Citra Unggul)
Alamat Kantor Korespondensi / Address of Correspondence Office: POP! hotel Sangaji – Yogyakarta Centennial Tower, 30th Floor. Jl.AM. Sangaji Kav. 16-18, Jetis Jl. Gatot Subroto Kav. 24 -25. Yogyakarta, 55000, Indonesia Jakarta 12930, Indonesia T (0274) 4469399 T (62-21) 2988 0466 F (62-21) 2988 0460 F (0274) 4469398
PT Kega Property Utama didirikan pada tanggal PT Kega Property Utama was established on 1 July 1 Juli 2008 dengan bidang usaha penyediaan 2008, and operates to provide accommodation akomodasi (hotel). PT Kega Property Utama (hotel) service. PT Kega Property Utama has an memiliki perjanjian kerja sama dengan Induk Agreement with central Cooperative of Indonesian Koperasi TNI Angkatan Udara (Inkopau-Pukadara) Air Force (Inkopau-Pukadara) to make use 3,094 terkait pemanfaatan tanah TNI AU eks Mess m2 land in Yogyakarta, on which POP! Hotel Jetis seluas 3.094 m2 di Yogyakarta, selanjutnya Sangaji –Yogyakarta has been developed and lahan tersebut dibangun POP! Hotel Sangaji – commercially opened on July 1, 2012. POP! Hotel Yogyakarta yang resmi beroperasi sejak tanggal Sangaji – Yogyakarta brings up the minimalist 1 Juli 2012. POP! Hotel Sangaji – Yogyakarta style with the tagline ‘A place to stay for smart and mengusung konsep minimalis ‘A place to stay for eco-friendly travelers’. It is a two-star hotel with smart and eco friendly travelers’, dikelola oleh 151 rooms managed by Tauzia Hotel Management Tauzia Hotel Management dan merupakan hotel and located at the heart of Yogyakarta. bintang dua yang memiliki 151 kamar, berlokasi di pusat kota Yogyakarta.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Kega Property Utama adalah sebagai Composition of PT Kega Property Utama are as berikut: follows:
83 Saham | Shares Pemegang Saham Nominal (Rp1.000/saham) Saham Shareholders Nominal value % Shares (Rp1.000/shares) Modal Dasar | Authorized Capital: 22.000.000 22.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Karsa Citra Unggul 10.200.000 10.200.000.000 92,73 • PT Kega Purna Bakti 450.000 450.000.000 4,09 • Wida Nurwati 250.000 250.000.000 2,26 • Seno Hadi Utomo 50.000 50.000.000 0,46 • Harry Rahayu Gamdani 50.000 50.000.000 0,46 Jumlah Modal Ditempatkan & Disetor Penuh 11.000.000 11.000.000.000 100,00 Amount of Issued and Paid Up Capital
PT Praba Kumala Sajati ((Entitas Anak PT Karsa Citra Unggul) / A Subsidiary of PT Karsa Citra Unggul)
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Praba Kumala Sajati didirikan pada 28 Februari PT Praba Kumala Sajati was established on 28 2012 dengan bidang usaha perdagangan February 2012, and operates in general trading. PT umum. PT Praba Kumala Sajati memiliki Park23 Praba Kumala Sajati owns Park23 Entertainment Entertainment Center Bali yang telah beroperasi Center Bali, which has been operating since sejak September 2015. September 2015.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Praba Kumala Sajati adalah sebagai Composition of PT Praba Kumala Sajati are as berikut: follows:
Saham | Shares Pemegang Saham Nominal (Rp100.000/saham) Saham Shareholders Nominal value % Shares (Rp100.000/shares) Modal Dasar | Authorized Capital: 300.000 30.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Karsa Citra Unggul 74.925 7.492.500.000 99,90 • Galuh Niken PS 75 7.500.000 0,10 Jumlah Modal Ditempatkan & Disetor Penuh 75.000 7.500.000.000 100,00 Amount of Issued and Paid Up Capital
84 PT Segara Biru Kencana ((Entitas Anak PT Karsa Citra Unggul) / A Subsidiary of PT Karsa Citra Unggul)
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Segara Biru Kencana didirikan pada tanggal 18 PT Segara Biru Kencana was established on 18 Oktober 2010 dengan bidang usaha penyediaan October 2010, and engaged in the provision of akomodasi (hotel). PT Segara Biru Kencana telah accommodation (hotel) service. PT Segara Biru membangun Maison Aurelia, yaitu sebuah hotel di Kencana has developed a hotel on a 2,696 m2 atas lahan seluas 2.696 m2 di Sanur, Bali. Maison of land in Sanur, Bali. Maison Aurelia – Sanur has Aurelia – Sanur telah beroperasi sejak September been operating since September 2016. 2016.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Segara Biru Kencana adalah sebagai Composition of PT Segara Biru Kencana are as berikut: follows:
Saham | Shares Pemegang Saham Nominal (Rp1.000/saham) Saham Shareholders Nominal value % Shares (Rp1.000/shares) Modal Dasar | Authorized Capital: 400.000 400.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Karsa Citra Unggul 99.900 99.900.000 99,90 • PT Grahatama Kreasibaru 100 100.000 0,10 Jumlah Modal Ditempatkan & Disetor Penuh 100.000 100.000.000 100,00 Amount of Issued and Paid Up Capital
PT Trimurti Tunggal Sejahtera ((Entitas Anak PT Karsa Citra Unggul) / A Subsidiary of PT Karsa Citra Unggul)
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Trimurti Tunggal Sejahtera didirikan pada 27 PT Trimurti Tunggal Sejahtera was established on November 2015 dengan bidang-bidang usaha 27 November 2015 and engages in the general
85 umum yaitu perdagangan, keagenan, perwakilan, line of businesses of trade, agency, representative, pembangunan, perindustrian, jasa, pengangkutan, construction, industry, service, transportation, perbengkelan dan percetakan. Perseroan memiliki workshop and printing. The Company acquires PT Trimurti Tunggal Sejahtera melalui kepemilikan PT Trimurti Tunggal Sejahtera through ownership dalam PT Karsa Citra Unggul. Saat ini, PT Trimurti in PT Karsa Citra Unggul. Currently, PT Trimurti Tunggal Sejahtera belum beroperasi. Tunggal Sejahtera is on standby status.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Trimurti Tunggal Sejahtera adalah Composition of PT Trimurti Tunggal Sejahtera are sebagai berikut: as follows:
Saham | Shares Nominal Pemegang Saham Saham (Rp1.000/saham) Shareholders Shares Nominal value % (Rp1.000/shares) Modal Dasar | Authorized Capital: 2.000.000 2.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Karsa Citra Unggul 375.000 375.000.000 75,00 • Putu Pasek Sandoz 100.000 100.000.000 20,00 • I Gusti Oka Suryawan 25.000 25.000.000 5,00 Jumlah Modal Ditempatkan & Disetor Penuh 500.000 500.000.000 100,00 Amount of Issued and Paid Up Capital
PT Paloma Suasa Manajemen (Entitas Anak PT Retzan Indonusa dan PT Karsa Citra Unggul) / A Subsidiary of PT Retzan Indonusa and PT Karsa Citra Unggul)
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Paloma Suasa Manajemen didirikan pada PT Paloma Suasa Manajemen was established tanggal 28 Juni 2016, dengan fokus pada bidang on 28 June, 2016 and focuses on the business usaha perdagangan, pembangunan, real estat, of trading, development, real estate, industry, industri, percetakan, pertanian, perbengkelan, printing, agriculture, workshop, service and jasa dan angkutan. transportation.
Struktur Permodalan dan susunan pemegang The Capital Structure and Shareholder saham PT Paloma Suasa Manajemen adalah Composition of PT Paloma Suasa Manajemen are sebagai berikut: as follows
86 Saham | Shares Nominal Pemegang Saham Saham (Rp1.000/saham) Shareholders Shares Nominal value % (Rp1.000/shares) Modal Dasar | Authorized Capital: 400.000 400.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Retzan Indonusa 99.900 99.900.000 99,90 • PT Karsa Citra Unggul 100 100.000 0,10 Jumlah Modal Ditempatkan & Disetor Penuh 100.000 100.000.000 100,00 Amount of Issued and Paid Up Capital
PT Mitra Gemilang Mahacipta
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Mitra Gemilang Mahacipta didirikan pada 8 PT Mitra Gemilang Mahacipta was established Mei 2012 dengan bidang-bidang usaha umum on 8 May 2012 and engages in general line of yaitu pembangunan, perdagangan, perindustrian, businesses of construction, trade, industrial, land pengangkutan darat, pertanian, perbengkelan dan transportation, farming, workshop and service. PT jasa. PT Mitra Gemilang Mahacipta memiliki lahan Mitra Gemilang Mahacipta has a land bank in the seluas 84.000 m² di Jalan Manuntung, Kelurahan area of 84.000 m² in Jalan Manuntung, Kelurahan Sepinggan, Kecamatan Balikpapan Selatan, Provinsi Sepinggan, Kecamatan Balikpapan Selatan, Kalimantan Timur. Di atas lahan tersebut PT Mitra East Kalimantan Province. On the location, Gemilang Mahacipta berencana membangun PT Mitra Gemilang Mahacipta plans to build a proyek Central Business District (CBD) Balikpapan project of Central Business District (CBD) of yang terdiri dari pusat perbelanjaan, perkantoran, Balikpapan consisting of shopping center office, kondominium, ruko, hotel dan sekolah. Saat ini, PT condominium, shop-office, hotel and school. Mitra Gemilang Mahacipta sedang berada dalam Currently, PT Mitra Gemilang Mahacipta is in the tahap perencanaan dan pengurusan perizinan process of planning and permits processing for pembangunan tersebut. the development.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Mitra Gemilang Mahacipta adalah Composition of PT Mitra Gemilang Mahacipta are sebagai berikut: as follows:
87 Saham | Shares Pemegang Saham Nominal Saham (Rp1.000.000/saham) Shareholders % Shares Nominal value (Rp1.000.000/shares) Modal Dasar | Authorized Capital: 100.000 100.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 13.888 13.888.000.000 55,00 • PT Gama Narayana Sakti 7.322 7.322.000.000 29,00 • Suyanto Chandra 4.040 4.040.000.000 16,00
Jumlah Modal Ditempatkan & Disetor Penuh 25.250 25.250.000.000 100,00 Amount of Issued and Paid Up Capital
PT Mitra Perdana Nuansa
Alamat Kantor Korespondensi / Address of Correspondence Office: Centennial Tower, 30th Floor. Jl. Gatot Subroto Kav. 24 -25. Jakarta 12930, Indonesia T (62-21) 2988 0466 F (62-21) 2988 0460
PT Mitra Perdana Nuansa didirikan pada 31 Mei PT Mitra Perdana Nuansa was established on 2006 dengan bidang usaha pembangunan, jasa 31 May 2006 and engages in the businesses of dan perdagangan. PT Mitra Perdana Nuansa construction, service and trade. PT Mitra Perdana memiliki lahan kerja sama seluas 30.000 m² di Nuansa has a 30.000 m² cooperation land bank Ciroyom dan Kebon Jeruk, Kota Bandung, Jawa in Ciroyom and Kebon Jeruk areas of Kota Barat. PT Mitra Perdana Nuansa memiliki 23 Paskal Bandung, West Java. On the location, PT Mitra Shopping Center - Bandung yang telah dibuka Perdana Nuansa owns 23 Paskal Shopping Center dan beroperasi sejak April 2017. - Bandung that has been opened and operating since April 2017. Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Mitra Perdana Nuansa adalah sebagai Composition of PT Mitra Perdana Nuansa are as berikut: follows:
Saham | Shares Pemegang Saham Nominal Saham (Rp1.000.000/saham) Shareholders % Shares Nominal value (Rp1.000.000/shares) Modal Dasar | Authorized Capital: 190.000 190.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 31.815 31.815.000.000 51,00 • PT Ekanusa Sandhitama Persada 30.568 30.568.000.000 49,00 Jumlah Modal Ditempatkan & Disetor Penuh 62.383 62.383.000.000 100,00 Amount of Issued and Paid Up Capital
88 PT Omega Propertindo
Alamat Kantor Korespondensi / Address of Correspondence Office: Wisma Millenia Lantai 3. Jl. MT Haryono Kav.16. Jakarta Selatan, Indonesia T (62-21) 8310352 F (62-21) 8310330
Pada mulanya, PT Omega Propertindo PT Omega Propertindo was initially didirikan dengan nama PT Mapalus established under the name PT Mapalus Bestari pada tanggal 10 Maret 1989 Bestari on 10 March 1989, and engages yang bergerak di bidang perdagangan in general trading, construction, umum, pembangunan, jasa, dan lain- services, and other business. PT Omega lain. PT Omega Propertindo merupakan Propertindo is the owner and operator pemilik dan pengelola Wisma Millenia of Wisma Millenia that is built on a 3,700 yang dibangun di atas lahan seluas 3.700 m2 land. It is a 10-storey office building m2. Bangunan ini merupakan gedung that has been operating since 1993. Major perkantoran 10 lantai yang beroperasi tenants of Wisma Millenia are BCA, Japfa sejak tahun 1993, dengan penyewa Comfeed Group and SMS Finance. utama: BCA, Japfa Comfeed Group, dan SMS Finance.
Struktur Permodalan dan Susunan The Capital Structure and Shareholder Pemegang Saham PT Omega Propertindo Composition of PT Omega Propertindo adalah sebagai berikut: are as follows:
Saham | Shares Pemegang Saham Nominal Saham (Rp1.000.000/saham) Shareholders % Shares Nominal value (Rp1.000.000/shares) Modal Dasar | Authorized Capital: 125.000 125.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 16.668 16.668.000.000 33,34 • PT Intijaya Kreasiperkasa 16.666 16.666.000.000 33,33 • PT Millenia Prosperindo Optima 16.666 16.666.000.000 33,33 Jumlah Modal Ditempatkan & Disetor Penuh 50.000 50.000.000.000 100,00 Amount of Issued and Paid Up Capital
89 PT Plaza Indonesia Realty Tbk
Alamat Kantor Korespondensi / Address of Correspondence Office: The Plaza Office Tower, 10th Floor. Jl. M.H. Thamrin Kav. 28-30. Jakarta 10350 T (62-21) 2992 0000 F (62-21) 2992 1111
PT Plaza Indonesia Realty Tbk didirikan pada PT Plaza Indonesia Realty Tbk was established on 5 November 1983 dengan nama PT Bimantara 5 November 1983 with the name of PT Bimantara Eka Santosa dan berubah menjadi nama yang Eka Santosa and changed to its current name on sekarang pada tanggal 31 Mei 1991. PT Plaza 31 May 1991. PT Plaza Indonesia Realty Tbk listed Indonesia Realty Tbk melakukan pencatatan its shares on the Jakarta Stock Exchange and saham pada Bursa Efek Jakarta dan Bursa Efek Surabaya Stock Exchange (now Indonesia Stock Surabaya (sekarang Bursa Efek Indonesia) sejak 15 Exchange) on 15 June 1992. PT Plaza Indonesia Juni 1992. PT Plaza Indonesia Realty Tbk memiliki Realty Tbk primarily engages in the businesses of bidang-bidang usaha terutama meliputi bidang hospitality, shopping centre, office and apartment. perhotelan, pusat perbelanjaan, perkantoran dan apartemen.
PT Plaza Indonesia Realty Tbk adalah pemilik PT Plaza Indonesia Realty Tbk is the owner of hotel Grand Hyatt Jakarta (hotel), Plaza Indonesia Grand Hyatt Jakarta (Hotel), Plaza Indonesia Shopping Center, The Plaza (gedung perkantoran) Shopping Center, The Plaza (office building) and dan Keraton at The Plaza (Keraton Luxury Keraton at The Plaza (Keraton Luxury Collection Collection hotel dan Keraton Private Residence) Hotel and Keraton Private Residence) as well as dan secara tidak langsung memiliki fX Sudirman the indirect owner of fX Sudirman (lifestyle center). (lifestyle center).
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Plaza Indonesia Realty Tbk adalah Composition of PT Plaza Indonesia Realty Tbk are sebagai berikut: as follows:
Saham | Shares Nominal Pemegang Saham Saham (Rp200/saham) Shareholders Shares Nominal value % (Rp200/shares) Modal Dasar | Authorized Capital: 5.000.000.000 1.000.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Bumi Serpong Damai Tbk 1.421.195.766 284.239.153.200 40,03 • PT Indonesian Paradise Property Tbk 1.292.525.034 158.505.006.800 36,41 • PT Plaza Indonesia Realty Tbk 512.200.000 102.440.000.000 14,43 • Masyarakat / Public 324.079.200 64.815.840.000 9,13
Jumlah Modal Ditempatkan & Disetor Penuh 3.550.000.000 710.000.000.000 100,00 Amount of Issued and Paid Up Capital
90 PT Retzan Indonusa
Alamat / Address: HARRIS Hotel Batam Center Jl. Engku Putri, Batam Center Jl. Engku Putri, Batam Center Batam 29641, Indonesia Batam 29641, Indonesia T (62-778) 749 8991 Telp. (62-778) 749 8888 F (62-778) 749 8890 Fax. (62-778) 749 9999
PT Retzan Indonusa didirikan pada tanggal 18 Juli PT Retzan Indonusa was established on 18 July 1988 dengan bidang usaha perhotelan dan resor, 1988, and engages in the business of hospitality termasuk dengan segala sarana dan prasarananya. and resort with its facilities and infrastructure. PT PT Retzan Indonusa memiliki lahan seluas 9.221 Retzan Indonusa has a 9,221 m2 land in Batam m2 di Batam Center, Batam. Lahan tersebut which is used for the construction of HARRIS selanjutnya digunakan untuk pembangunan Hotel Batam Center – Batam, consisting of 171 HARRIS Hotel Batam Center – Batam yang terdiri rooms and four-star hotel facilities. This hotel has atas 171 kamar dengan sejumlah fasilitas hotel been operating since November 2011. At present berbintang empat. Hotel ini telah beroperasi PT Retzan Indonusa is developing an exclusive sejak bulan November 2011. Selain itu, PT Retzan apartment within the same area as HARRIS Hotel Indonusa sedang membangun apartemen Batam Center. The apartment is planned to be eksklusif di kawasan yang sama dengah HARRIS completed in 2019 Hotel Batam Center dengan perencanaan selesai dibangun pada tahun 2019.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Retzan Indonusa adalah sebagai berikut: Composition of PT Retzan Indonusa are as follows:
Saham | Shares Nominal Pemegang Saham Saham (Rp1.000.000/saham) Shareholders Shares Nominal value % (Rp1.000.000/shares) Modal Dasar | Authorized Capital: 40.000 40.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 29.970 29.970.000.000 99,90 • PT Grahatama Kreasibaru 30 30.000.000 0,10 Jumlah Modal Ditempatkan & Disetor Penuh 30.000 30.000.000.000 100,00 Amount of Issued and Paid Up Capital
91 PT Saranausaha Jaya
Alamat Kantor Korespondensi / Address of Correspondence Office: Jl. H. Agus Salim No, 132, Menteng. Jakarta Pusat, 10310, Indonesia
PT Saranausaha Jaya didirikan pada tanggal 13 PT Saranausaha Jaya was established on 13 August Agustus 1992 dengan bidang usaha perdagangan 1992, and operates in general trading business. PT umum. PT Saranausaha Jaya berencana Saranausaha Jaya plans to manage the restoration menangani peremajaan Pasar Obat dan Burung of Pasar Obat dan Burung Pramuka, Jakarta, which Pramuka, Jakarta, yang saat ini sedang dalam is currently in the stage of planning and licensing tahap perencanaan dan pengurusan perizinan. process.
Struktur Permodalan dan Susunan Pemegang The Capital Structure and Shareholder Saham PT Saranausaha Jaya adalah sebagai Composition of PT Saranausaha Jaya are as berikut: follows:
Saham | Shares Nominal Pemegang Saham Saham (Rp1.000/saham) Shareholders Shares Nominal value % (Rp1.000/shares) Modal Dasar | Authorized Capital: 20.000.000 20.000.000.000 Modal Ditempatkan dan Disetor Penuh: Issued and Paid Up Capital: • PT Indonesian Paradise Property Tbk 8.250.000 8.250.000.000 55,00 • PT Sejahtera Karya Bersama 6.750.000 6.750.000.000 45,00 Jumlah Modal Ditempatkan & Disetor Penuh 15.000.000 15.000.000.000 100,00 Amount of Issued and Paid Up Capital
92 LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL CAPITAL MARKET SUPPORTING INSTITUTIONS AND PROFESSIONALS
NAMA LEMBAGA DAN PROFESI PERIODE / NAME OF JASA YANG DIBERIKAN PENUGASAN ALAMAT / ADDRESS BIAYA / FEE INSTITUTIONS / SERVICE RENDERED / PERIOD OF AND ASSIGNMENT PROFESSIONALS
Notaris: Jl. KH. Zainul Arifin Pembuatan Akta Berita Acara Rapat 2017 11.000.000 Dr. Irawan No. 2, Komp. Ketapang umum Soerodjo, Indah Blok B-2, No. Pemegang Saham Tahun 2017 / SH. MSi. 4-5, Jakarta, 11140, Drafting Deed of Minutes of General Indonesia Meeting of Shareholders of 2017 Telp. (62-21) 6301511 Fax. (62-21) 63378511
Kantor Prudential Tower, Audit Tahunan atas Laporan 2017 269.500.000 Akuntan Lantai 17, Jl. Jendral Keuangan PT Publik: Sudirman Kav. 79 Indonesian Paradise Property Tbk Tanubrata Jakarta, 12910, dan Entitas Anak untuk tahun Sutanto Indonesia yang berakhir pada tanggal 31 Fahmi dan Telp. (62-21) 57957300 Desember 2017 / Annual Audit Rekan Fax. (62-21) 57957301 on the Financial Statements of PT Indonesian Paradise Property Tbk and Subsidiaries for the fiscal year ended on 31 December 2017
Biro Rukan Kirana Avenue III Pengadministrasian Saham 2017 22.550.000 Administrasi Blok F3 No.5 Perseroan / Administration of the Efek: Kelapa Gading–Jakarta Company’s Shares PT Adimitra Utara 14250 Jasa Korpora Telp. (62-21) 29745222, (62-21) 29365287, (62-21) 29365298 Fax. (62-21) 29289961 Email. opr@adimitra-jk. co.id
JARINGAN KANTOR DAN WILAYAH KERJA OFFICE NETWORK AND OPERATIONAL AREA
KANTOR PUSAT KANTOR CABANG / BRANCH OFFICE HEAD OFFICE
Centennial Tower, Owner Representative - Batam: Owner Representative - Bali 30th Floor HARRIS Hotel Batam Center Sahid Kuta Lifestyle Center Jl. Gatot Subroto Kav. 24-25, Jl. Engku Putri, Batam Center, Jl. Pantai Kuta, Bali 80361, Jakarta 12930, Indonesia Batam 29641, Indonesia Indonesia TEL. (62-21) 2988 0466 Tel. (62-778) 749 8991 Tel. (62-361) 754884 Fax. (62-21) 2988 0460 Fax. (62-778) 749 8890 Fax. (62-361) 753866
93 INFORMASI PADA WEBSITE PERSEROAN INFORMATION ON COMPANY WEBSITE Sebagai salah satu sarana dalam memenuhi As one of the medium to meet the principle of prinsip keterbukaan informasi, Perseroan information disclosure, the Company provides memiliki website yang dapat diakses oleh a website that is accessible by all stakeholders seluruh pemangku kepentingan melalui alamat through www.theparadise-group.com. On the www.theparadise-group.com. Website tersebut website, the Company provides information menampilkan informasi yang secara berkala related to its business that is regularly updated. diperbaharui dengan berbagai informasi terkait The contents of the Company’s website are, Perseroan. Adapun isi website Perseroan antara among others: lain meliputi:
1. Informasi pemegang saham sampai dengan 1. Information on shareholders until the pemilik akhir individu; individual final-shareholders; 2. Isi Kode Etik; 2. Code of Conduct; 3. Informasi Rapat Umum Pemegang Saham 3. Information on General Meeting of meliputi bahan mata acara yang dibahas dalam Shareholders, covering General Meeting of Rapat Umum Pemegang Saham, ringkasan Shareholders agenda, minutes of General risalah Rapat Umum Pemegang Saham, Meeting of Shareholders, and information on dan informasi tanggal penting yaitu tanggal important dates, such as General Meeting of pengumuman Rapat Umum Pemegang Saham, Shareholders announcement, General Meeting tanggal pemanggilan Rapat Umum Pemegang of Shareholders summons, and General Saham, tanggal Rapat Umum Pemegang Meeting of Shareholders convention, as well Saham, tanggal ringkasan risalah Rapat Umum as the date the summary of General Meeting Pemegang Saham diumumkan; of Shareholders minutes are announced; 4. Laporan Keuangan Tahunan terpisah (5 tahun 4. Separate Annual Financial Statements (of the terakhir); last 5 years); 5. Profil Dewan Komisaris dan Direksi; dan 5. Profiles of Board of Commissioners and Board of Directors; and 6. Piagam/Charter Dewan Komisaris, Direksi, 6. Charters of Board of Commissioners, Board Komite-komite, dan Unit Audit Internal. of Directors, Committees, and Internal Audit Unit.
94 95 Tinjauan Pendukung Bisnis Review On Business Supports
SUMBER DAYA MANUSIA / HUMAN RESOURCES
Keselarasan dalam pengembangan Sumber The Company is continuously committed to Daya Manusia dengan kebutuhan dan tuntutan creating harmony between the development of perkembangan bisnis masih menjadi komitmen its Human Resources and the needs of business Perseroan. Perseroan mengembangkan sekaligus development. The Company develops its Human mempertahankan Sumber Daya Manusia Resources while simultaneously also maintains berkualitas yang dimiliki dengan kebijakan its high-quality employees by setting up various formulasi kompensasi dan benefit yang tepat policies and formulating proper compensation sesuai kebutuhan karyawan dan kemampuan and benefits in line with employees’ needs. Perseroan. Melalui kerangka pengembangan Based on this, the Company observed that Sumber Daya Manusia yang dimilik Perseroan, Human Resources’ capabilities during the year melihat produktivitas Sumber Daya Manusia experienced a commendable improvement. pada tahun 2017 meningkat dengan baik. Continuously, the Company endeavors to create Secara berkelanjutan, Perseroan terus berupaya tough and professional Human Resources capable membentuk Sumber Daya Manusia yang tangguh, of realizing the vision of “Striving for excellence profesional, dan mampu mewujudkan visi untuk in property development through innovative and “Selalu Berupaya unggul dalam Pengembangan creative achievements.” Properti Melalui Pencapaian yang inovatif dan kreatif”.
Seiring peningkatan kinerja Sumber Daya Along with the improvement in the performance Manusia Perseroan, jenjang karir terbuka luas of Company’s Human Resources, career sehingga jabatan diatasnya dapat diisi dari opportunity becomes more apparent and the internal dibawahnya berdasarkan penilaian secara top-level positions are expected to be filled by berkelanjutan sehingga profesionalitas Sumber the Company’s internal organization on the basis Daya Manusia Perseroan dapat meningkat. of continuous assessment, aiming at leveraging Perseroan akan terus mengevaluasi proses the professionalism of Human Resources. The kinerja dan operasional ke arah yang lebih baik, Company will continue to evaluate the operational agar setiap bagian bersinergi dalam mendukung and performance processes towards a better strategi dan tujuan Perseroan baik dalam jangka direction so that all divisions will be synergized panjang maupun jangka pendek. in supporting its strategies and goals, both in the
PROFIL Sumber Daya Manusia / Human Resources PROFILE
Hingga 31 Desember 2017, jumlah karyawan Up to 31 December 2017, total employees of the Perseroan mencapai 97 karyawan, berkurang 3 Company reached 97 employees, declined by orang dibandingkan pada tahun 2016 sebanyak 100 3 employees compared to the 100 employees
96 orang. Peningkatan ini telah disesuaikan dengan recorded in 2016. The number of employees kebutuhan bisnis Perseroan baik dari sisi kualitas owned by the Company in 2017 has been in line maupun kuantitas. Berikut adalah komposisi with business needs, both in terms of quality karyawan berdasarkan tingkat pendidikan, level and quantity. The following tables describe the jabatan, tingkat usia, status kepegawaian dan jenis employee composition based on education, kelamin. position, age, employment status and gender.
Komposisi Karyawan Komposisi Karyawan Berdasarkan Tingkat Pendidikan Berdasarkan Level Jabatan Employee Composition Based on Education Employee Composition Based on Position
Deskripsi / Description 2017 2016 Deskripsi / Description 2017 2016 S3 / Doctorate Degree - - Manajemen Puncak 8 6 S2 / Master’s Degree 3 4 Top Management S1 / Bachelor’s Degree 18 22 Manajemen Tingkat Menengah 8 12 Akademi / Academy 33 34 Mid Management SMA / High School 43 40 Manajemen Tingkat Pertama 81 73 Jumlah / Total 97 100 First Line Management
Jumlah / Total 97 100
Komposisi Karyawan Berdasarkan Status Kepegawaian Komposisi Karyawan Employee Composition Based on Berdasarkan Jenis Kelamin Employment Status Employee Composition Based on Gender
Deskripsi / Description 2017 2016 Deskripsi / Description 2017 2016 Karyawan Tetap 59 38 Pria / Male 70 74 Permanent Employee Karyawan Kontrak 38 62 Wanita / Female 27 26 Contract Employee
Jumlah / Total 97 100 Jumlah / Total 97 100
Komposisi Karyawan Berdasarkan JENJANG USIA Employee Composition Based on AGE
Deskripsi / Description 2017 2016 20–24 tahun / 20 – 24 years old 20 17 25–29 tahun / 25 – 29 years old 24 22 30–34 tahun / 30 – 34 years old 20 23 35–39 tahun / 35 – 39 years old 18 23 40–44 tahun / 40 – 44 years old 2 1 45–49 tahun / 45 – 49 years old 7 6 50–54 tahun / 50 – 54 years old 3 3 55–59 tahun / 55 – 59 years old 2 3 60 tahun ke atas / 60 years old and above 1 2
Jumlah / Total 97 100
97 Rekrutmen dan Pengembangan Karir Recruitment and Career Development
Perseroan melakukan proses rekrutmen The Company carries out recruitment process berasaskan prinsip keterbukaan, kewajaran, on the basis of transparency, fairness and dan kesetaraan. Proses seleksi atas kandidat equality principles. The selection process for the dilakukan sesuai dengan kebutuhan kuantitas dan candidates is conducted in accordance with the kompetensi yang dimiliki oleh calon karyawan. needs for quantity and the employee candidates’ Perseroan mengisi posisi yang vacant diutamakan competency. The Company fills the vacant melalui promosi secara internal dan berjenjang position by prioritizing internal promotion based kemudian menjaring kandidat melalui berbagai on the organizational levels before seeking for media antara lain meliputi situs Perseroan, iklan, candidates through various media, such as the job fair, serta media lainnya. Perseroan merekrut Company’s website, advertisements, job fairs, dan memberikan orientasi kepada karyawan and so on. The Company recruits and provides baru guna mempercepat proses adaptasi dengan orientation to the new employees to accelerate pekerjaan di lapangan. adaptation process with the work on the field.
Setiap karyawan diberikan kesempatan yang Each employee is provided with equal opportunity setara untuk mencapai level atau jabatan tertentu to reach certain level or position in the Company’s dalam struktur organisasi Perseroan. Perseroan organization structure. Therefore, the Company mempersiapkan program pengembangan karir prepares a systematic career development yang sistematis berdasarkan penilaian kinerja program based on the performance evaluation of masing-masing individu karyawan. each individual.
Pendidikan dan Pelatihan Education and Training Activities
Perseroan menyadari bahwa sebagai faktor The Company understands that as one of the penting dalam pertumbuhan bisnis, Sumber Daya essential factors for business growth, Human Manusia membutuhkan pengembangan kualitas, Resources requires quality, education and wawasan, dan kompetensi yang baik dalam meraih competency development in order to reach keunggulan kompetitif. Bentuk pengembangan competitive advantage. Human Resources Sumber Daya Manusia ini dilakukan melalui development in the Company is conducted pendidikan dan pelatihan dengan materi yang through education and training activities with diterjemahkan dari kebutuhan bisnis di lapangan. training materials based on the business needs on Selain itu, Perseroan juga melakukan program the field. In addition, the Company also organizes pelatihan bagi calon pemimpin masa depan training program for future leaders through the yang disiapkan melalui program pengembangan management development program. manajemen.
Informasi mengenai pendidikan dan pelatihan Information on the training activities for Human Sumber Daya Manusia yang dilakukan Perseroan Resources carried out by the Company and its beserta Entitas Anak Perusahaan pada tahun 2017 Subsidiaries in 2017 is as follows: adalah sebagai berikut:
98 Jumlah Unit Bisnis / Jenis Pelatihan / Pelatihan / Jabatan / Peserta / Total Tujuan / Objective Biaya / Cost Business Unit Training Number of Position Participants Training
Jakarta
Pelatihan Coaching Counseling - Performance Kantor Pusat Management Pembekalan teknik / Office, Manager, 28 orang / 2 - Head Office Coaching Technical mentorship Dept. Head people Counseling Training – Performance Management
Memberikan kesadaran pentingnya soft skill dalam Kantor Pusat The Power of Soft dunia kerja / Provision Office, Manager, 40 orang / 2 Rp40.000.000 Head Office Skill of materials to improve Dept. Head people awareness of the importance of soft skills in working
Setingkat Pembekalan bagi HARRIS Suites manager Manajer dan pegawai Memberikan pengetahuan fX Sudirman - dan pegawai di bawahnya tentang operasional hotel 12 orang / Jakarta, HARRIS 7 dibawahnya Rp22.642.000 Mentorship for / Provision of knowledge people Hotel Tebet - / Manager Managers and their regarding hotel operations Jakarta levels and their employees employees
Yogyakarta
Setingkat manager Pembekalan bagi Memberikan pengetahuan POP! Hotel dan pegawai seluruh operator tentang operasional hotel 30 orang / Sangaji 146 dibawahnya Rp5.000.000 hotel Mentorship for / Provision of knowledge people Yogyakarta / Manager all hotel operators regarding hotel operations levels and their employees
Batam
Memberikan pengetahuan produk, kemampuan dan Pembekalan bagi Harris Resort pelayanan pelanggan / Range File, SPV, seluruh operator 1.641 orang / Waterfront 151 Provision of knowledge Assistant HOD, - hotel Mentorship for people Batam regarding products, HOD all hotel operators capabilities and customer service
Memberikan pengetahuan tentang soft skill dan hard HARRIS Hotel skill operasional hotel / Rank & File, 5.890 orang / Batam Center - Soft Skill & Hard Skill 454 - Provision of knowledge Supervisor people Batam regarding soft skill and hard skills in hotel operations
Bali
Pembekalan Memberikan pengetahuan beachwalk operasional hotel / tentang operasional hotel Manager, SPV, 370 orang / Shopping Center 6 Rp430.000.000 Mentorship in hotel / Provision of knowledge Staff people - Bali operations regarding hotel operations
99 Memberikan pengetahuan tentang soft skill dan hard HARRIS Hotel skill operasional hotel / Semua 2.831 orang / Soft Skill & Hard Skill 384 Rp34.752.594 Tuban - Bali Provision of knowledge pegawai people regarding soft skill and hard skills in hotel operations
Memberikan pengetahuan tentang soft skill dan hard Maison Aurelia skill operasional hotel / 919 orang / Soft Skill & Hard Skill 224 Semua Operator Rp6.750.000 Sanur - Bali Provision of knowledge people regarding soft skill and hard skills in hotel operations
Coaching & Meningkatkan pengetahuan Counseling dan tentang soft skill di Park23 Superior Service SPV, HOD, GM lingkungan hotel / 29 orang / Entertainment Culture / Coaching 2 & Customer Rp13.765.600 Knowledge improvement people Center - Bali & Counseling and Service about soft skills in hotel Superior Service operations Culture
Memberikan pengetahuan tentang soft skill dan hard Sheraton Bali skill operasional hotel / Semua 2260 orang / Soft Skill & Hard Skill 45 Rp10.499.800 Kuta Resort Provision of knowledge pegawai people regarding soft skill and hard skills in hotel operations
Bandung
23 Paskal Membangun mindset Hospitality Customer GM, 28 orang / Shopping Center 1 hospitality / Developing the Rp41.518.456 Service Manager,SPV people - Bandung mindset of hospitality
Membangun kesiapan tim 23 Paskal ERT dalam menghadapi GM, 24 orang / Shopping Center ERT Training 1 situasi emergency / Building Rp300.000 Manager,SPV people - Bandung ERT team’s readiness in facing emergency situations
23 Paskal Membangun Skill Basic First 22 orang / Shopping Center Basic First Aid 1 Aid / Enhancing the skill of Manager,SPV Rp8.245.563 people - Bandung basic first aid
Membangun Skill Coaching & Counselling pada level 23 Paskal Leadership Modul 1 managerial / Developing GM, 26 orang / Shopping Center Coaching & 1 Rp59.666.240 the skill of Coaching & Manager,SPV people - Bandung Counselling Counseling at managerial level
Membangun pemahaman 23 Paskal mengenai pentingnya Kick Off Service GM, 77 orang / Shopping Center 1 budaya layanan / Building Rp21.798.000 Culture Manager,SPV people - Bandung an understanding of the importance of service culture
Membangun pemahaman mengenai konsep dalam 23 Paskal Leadership Modul 2 - membangun tim yang GM Center, 26 orang / Shopping Center 1 Rp58.976.240 Team Building konstruktif / Building an Manager,SPV people - Bandung understanding of concepts in constructive Team building
Membangun budaya 23 Paskal GM, Service Culture layanan - untuk level leader / 93 orang / Shopping Center 1 Manager,SPV, Rp302.280.000 Leadership Program Improving a service culture - people - Bandung Staff to the leader level
100 RENCANA, FOKUS, DAN STRATEGI PENGEMBANGAN SUMBER DAYA MANUSIA 2018 PLAN, FOCUS, AND HUMAN RESOURCES DEVELOPMENT STRATEGY FOR 2018
Perseroan yang bergerak di bidang hospitality The Company is engaged in the industry of akan mengalami persaingan usaha yang semakin hospitality and will continue to face even tighter ketat di masa yang akan datang. Oleh karena itu, business competition in the future. To that end, peningkatan kualitas dengan jaminan pengalaman the improvement of quality with experience menuju Sumber Daya Manusia yang profesional assurance towards professional Human Resources masih menjadi fokus dan strategi pengelolaan remain as the focus and strategy of the Company Sumber Daya Manusia pada tahun 2018. Hal ini in managing its Human Resources in 2018. This dilakukan dalam rangka peningkatan kepuasan is conducted in order to enhance customer’s konsumen sehingga menimbulkan image khusus satisfaction so as to create positive, special image yang positif bagi Perseroan. Kegiatan-kegiatan of the Company. Other recreational activities that refleksi yang mendukung kebersamaan karyawan boost employee’s togetherness, such as futsal, seperti futsal, senam kesehatan, kegiatan gathering, physical exercise, religious activities, keagamaan dan lain-lain, tetap kami laksanakan etc., are continuously carried out so that all agar karyawan termotivasi untuk selalu berinovasi employees are motivated to always innovate and dan kreatif dalam melakukan pekerjaan mereka. be creative in carrying out their duties.
TEKNOLOGI DAN INFORMASI INFORMATION AND TECHNOLOGY
Implementasi Teknologi Implementation of Information Informasi tahun 2017 Technology in 2017 Pada industri perhotelan dan pusat perbelanjaan, In the industry of hospitality, shopping center peningkatan nilai tambah bagi para tamu and property, improvement of added values for menjadi hal yang penting untuk dilakukan, guests is crucial to support the business. With the dengan penerapan teknologi informasi terkini application of the latest information technology, dapat mengakomodasi kebutuhan tersebut. such needs can be properly accommodated. Teknologi yang langsung melayani para tamu Technology that immediately caters to hotel’s hotel sudah selayaknya menjadi sebuah fokus guests should be a new focus on the hospitality baru pada industri perhotelan. Secara historis, industry. Historically, the previous information teknologi informasi hotel sebelumnya berfokus technology applied in hotel industry focused untuk memberikan solusi kepada karyawan saja. on only providing employees with solutions. Sekarang ini terdapat sebuah perkembangan However, as the current trend for a company dimana dampak sebuah perubahan bisa didektesi that can understand and handle the change secara cepat. Perkembangan ini mampu management, it will certainly be able to respond meningkatkan persaingan di era digitalisasi. quickly to issues of hotel-related information technology development in order to improve competitiveness in this age of digitalization.
Sepanjang 2017, Perseroan akan terus Throughout the year, the Company will continue meningkatkan kualitas dan kuantitas fasilitas to improve the quality and quantity of its IT facilities sarana dan prasarana penunjang dengan fasilitas and infrastructure, such as video conference. This video conference, mengingat letak unit usaha was done in consideration to the locations of the Perseroan dan Entitas Anaknya tersebar di Batam, Company and its subsidiaries which are spread out Jakarta, Bandung, Yogyakarta, dan Bali. in Batam, Jakarta, Bandung, Yogyakarta and Bali.
101 Perseroan juga senantiasa melakukan The Company has also been continuously pembaharuan sarana dan prasarana penunjang updating supporting facilities and infrastructures dalam bidang teknologi informasi. Perseroan in the field of information technology. The selalu memperbarui informasi-informasi yang Company keeps updating information related to terkait dengan Perseroan melalui situs www. its business and operations through its website at theparadise-group.com. www.theparadise-group.com.
Rencana, Fokus, dan Strategi Teknologi Informasi 2018 Plan, Focus, and Information Technology Strategy for 2018
Penerapan perangkat lunak (software/application) The application of software and hardware dan perangkat keras (hardware) mendukung supporting work productivity, such as through produktivitas kerja melalui penyediaan aplikasi the provision of finance and accounting, as finance accounting, aplikasi sales & marketing, dan well as sales and marketing applications, will lainnya terus dikembangkan. Di era globalisasi, always be improved. This is conducted as the teknologi sangat dibutuhkan untuk mendapatkan Company understands that in this globalization daya saing yang kuat. era, technology is extremely required to gain competitive advantage.
Untuk itu, Perseroan berkomitmen untuk For that matter, the Company commits to providing menyediakan prasarana yang mendukung infrastructures that can support business activities kegiatan usaha yang berbasiskan teknologi dan that are based on technology and information as informasi, sebagai berikut: follows:
• Transaction Processing Systems (TPS) • Transaction Processing Systems (TPS) Sistem informasi yang mendukung transaksi This is an information system that supports bisnis. Sistem ini berperan menyiapkan, business transactions and functions to prepare, memproses, mengirim, dan menerima reservasi process, send and receive guests’ reservations, dari tamu, persiapan dokumen pembayaran, prepare payment document, monitor room pemantauan persediaan kamar, pengelolaan availability, manage product and service list daftar produk dan layanan yang digunakan to be used by the guests, and monitor other tamu, dan hal-hal berbasis operasi lainnya. operational-based issues.
• Management Information Systems (MIS) • Management Information Systems (MIS) Sistem ini mengamankan laporan dan akses This system secures report and direct access langsung ke data transaksi hotel yang sekarang to the current and previous hotel’s transaction dan yang lampau. Fitur utama sistem ini adalah data. The main feature of this system is to mendukung pengenalan keputusan bisnis support business decision through several dengan menggunakan prosedur-prosedur, procedures, preparation of decision-making peraturan pembuatan keputusan, dan arus and maintain information flow. informasi.
• Office Automation Systems (OAS) • Office Automation Systems (OAS) Sistem yang memberi dukungan untuk This system provides support for various berbagai aktivitas bisnis dan fungsi manajemen business activities and management functions
102 di seluruh tingkat pemangku kebijakan. at all levels of stakeholders. Technologies Teknologi yang digunakan sistem ini bervariasi used in this system is varied, from document mulai dari pemrosesan dokumen (pemrosesan processing (text and picture), communication teks dan gambar), komunikasi (e-mail), (e-mail), teleconference, to other supporting telekonferensi, dan sistem pendukung lain systems, such as job organizer. seperti job organizer.
103 Analisis dan Pembahasan Manajemen Management Discussion and Analysis
TINJAUAN MAKROEKONOMI DAN INDUSTRI MACROECONOMIC AND INDUSTRIAL REVIEW
Pada tahun 2017, berdasarkan data Biro Pusat Based on the data released by the Statistics Statistik (BPS) perekonomian Indonesia tumbuh Indonesia (BPS), domestic economy in 2017 grew stabil yakni 5,07% dibanding pada tahun 2016 steady at 5.07% compared to the growth recorded sebesar 5,03% dan diperkirakan akan meningkat in 2016 at 5.03%, and is expected to increase in pada tahun depan. Perbaikan perekonomian the following year. The economic growth was tersebut didukung oleh peningkatan investasi dari supported by an increase in investment from the hasil pembangunan proyek-proyek infrastruktur development of infrastructure projects that are yang mulai terlihat hasilnya. Sementara itu, beginning to show results. On the other hand, perbaikan perekonomian tidak diimbangi oleh economic improvement was not offset by the level tingkat konsumsi masyarakat dan kinerja ekspor of public consumption and export performance ditengah meningkatnya impor yang cukup tinggi. amidst the rising import activity.
Selain itu, pergerakan nilai tukar Rupiah sepanjang In addition, the movement of Rupiah exchange tahun 2017 juga relatif stabil dengan depresiasi tipis rate throughout 2017 was relatively stable with 0,60%. Stabilitas nilai tukar tersebut dipengaruhi a slight depreciation of 0.60%. The stability of oleh kondisi pasar keuangan global yang relatif exchange rate was influenced by the relatively kondusif dan berakibat masuknya modal asing conducive condition of global financial market ke dalam negeri. Dari sisi keuangan, cadangan due to the influx of foreign capital into the country. devisa per akhir Desember 2017 tercatat sebesar On financial side, foreign exchange reserves at the USD130,2 miliar. end of December 2017 were recorded at USD130.2 billion.
Pertumbuhan bisnis perhotelan sepanjang tahun Over the course of the year, the growth of 2017 sangat dipengaruhi oleh pertumbuhan hospitality business was strongly influenced by ekonomi nasional. Kondisi ekonomi dalam negeri the growth of national economy. The domestic yang mengarah pada perbaikan meningkatkan economic condition which has been on the path potensi pertumbuhan bisnis perhotelan. BPS to recovery impacted positively on the potential of mencatat Tingkat Hunian Kamar hotel klasifikasi hospitality business. BPS recorded that Occupancy bintang di Indonesia pada Desember 2017 Rate of starred hotel in Indonesia per December mencapai rata-rata 59,53% atau naik 3,03 poin 2017 reached an average of 59.53% or increased dibandingkan dengan Tingkat Hunian Kamar by 3.03 points compared to the occupancy rate Desember 2016 yang tercatat sebesar 56,50%. recorded in December 2016 which was 56.50%.
Di sisi lain, selama tahun 2017, jumlah kunjungan The number of foreign tourists visiting Indonesia wisatawan mancanegara atau wisman ke Indonesia reached 14.04 million visits this year, an increase
104 mencapai 14,04 juta kunjungan atau naik 21,88 of 21.88% compared to the number of foreign persen dibanding jumlah kunjungan wisman pada tourists in 2016 which amounted to 11.52 million tahun 2016 yang berjumlah 11,52 juta kunjungan. visits.
Sementara itu, berdasarkan data Bank Indonesia Meanwhile, data from Bank Indonesia stated that terjadi perbaikan pada indeks harga properti di there was an improvement in the index of property tahun 2017 secara triwulan. Hal itu juga terjadi prices in 2017 on a quarterly basis which also pada indeks pasokan properti. Indeks permintaan occurred in the index of property supply. In The properti juga mengalami peningkatan, didorong property demand index also increased as driven oleh permintaan segmen apartemen dan by demand for apartment and office segments. On perkantoran, sementara terjadi penurunan the other hand, there was a decrease in demand in permintaan pada segmen convention hall dan the convention hall and hotel segments. hotel.
Indeks harga properti komersial pada triwulan IV Commercial property price index in Q4/2017 was tahun 2017 tercatat sebesar 172,42 atau tumbuh recorded at 172.42 or grew 0.09% compared to 0,09% dibanding pada triwulan sebelumnya yang the previous quarter which decreased by 0.04%. mengalami penurunan sebesar 0,04%.
Pertumbuhan ekonomi yang terjaga dan didukung The stable economic growth and security condition dengan stabilitas keamanan dapat mendorong are the factors believed to boost the growth of pertumbuhan bisnis perhotelan dan pariwisata hospitality and tourism business in Indonesia. dalam negeri. Hal ini juga turut berpengaruh pada Hence, it will also affect the performance and kinerja dan pertumbuhan bisnis Perseroan. growth of the Company’s business in the future.
TINJAUAN OPERASI PER SEGMEN USAHA OPERATIONAL OVERVIEW PER BUSINESS SEGMENT
TINJAUAN OPERASI PER SEGMEN USAHA OPERATIONAL OVERVIEW PER BUSINESS SEGMENT Perseroan bergerak di bidang penyediaan The Company engages in the provision of akomodasi (hotel) dan melakukan penyertaan accommodation (hotel) service and makes dalam bentuk saham pada entitas lain, memiliki investments in the form of shares in other entities. segmen usaha yang terdiri dari hotel dan pusat Its business segments comprise hotels and perbelanjaan. shopping centers.
Hotel Hotels HARRIS Hotel Tuban – Bali HARRIS Hotel Tuban – Bali Pembangunan dan kepemilikan HARRIS Hotel The development and ownership of HARRIS Tuban – Bali yang mulai beroperasi pada bulan Hotel Tuban – Bali, which began to operate in Oktober 2002 menjadi kegiatan usaha pertama October 2002, is the initial business activity of the Perseroan. HARRIS Hotel Tuban – Bali merupakan Company. HARRIS Hotel Tuban – Bali is a hotel hotel di Bali yang terletak di Jalan Dewi Sartika, located on Jalan Dewi Sartika, Bali, in a strategic Tuban, Bali. Dengan lokasi yang sangat strategis, situation next to Ngurah Rai International Airport, berdampingan dengan Bandara Internasional close to Tuban Beach in South Kuta and just a
105 Ngurah Rai, berdekatan dengan Pantai Tuban di few minutes away from Kuta shopping center; Kuta Selatan, serta terletak tidak jauh dari pusat such a perfect spot to stay for both domestic and perbelanjaan Kuta menjadi pilihan paling tepat international tourists. bagi turis domestik maupun internasional.
Dibangun di atas lahan seluas 4.500 m2, Perseroan Built on 4,500 m2 land, HARRIS Hotel Tuban – Bali memberikan jasa akomodasi hotel dengan nuansa is a hotel conceptually designed in a modern- modern minimalis dengan 147 kamar yang minimalist style that has 147 rooms and various dilengkapi dengan berbagai fasilitas, seperti kolam facilities, such as swimming pool, coffee shop, gym renang, coffee shop, gym & spa, ruang rapat dan & spa, meeting rooms, and others, to complement lain-lain menjadi nilai tambah yang menarik. Selain its value and attractiveness. HARRIS Hotel Tuban cocok untuk tamu-tamu yang sedang melakukan – Bali is suitable for business travelers and a great perjalanan bisnis, HARRIS Hotel Tuban – Bali juga choice for family who wish to enjoy comfortable menjadi pilihan tepat bagi keluarga yang ingin experience on vacation. berlibur dengan nyaman.
Pada tahun 2017, persentase hunian HARRIS Hotel In 2017, the occupancy rate of HARRIS Hotel Tuban – Bali mampu mencapai 69,21% , sedikit Tuban – Bali reached 69.21%, slightly lower than lebih rendah dibandingkan pada tahun 2016 the rate of 2016 at 70.01%, with average room rate sebesar 70,01%, dengan tingkat average room rate of 2017 at Rp359,518. pada tahun 2017 sebesar Rp359.518.
Sheraton Bali Kuta Resort Sheraton Bali Kuta Resort – Bali Sheraton Bali Kuta Resort dilengkapi dengan Sheraton Bali Kuta Resort – Bali has 203 rooms 203 kamar dengan suite yang luas dan teletak di featuring extensive suites and is strategically lokasi yang sangat strategis. Dengan keunggulan located in Bali. With such competitive excellence, tersebut, Sheraton Bali Kuta Resort – Bali Sheraton Bali Kuta Resort – Bali managed to pada tahun 2017 mampu mencatatkan tingkat record occupancy rate of 81.30%, showing a persentase hunian sebesar 81,30% sedikit lebih slight decline from the rate of 2016 at 83.23%, rendah dari tahun 2016 sebesar 83,23%, dengan with average room rate in 2017 amounted to tingkat average room rate pada tahun 2017 Rp1,772,566. sebesar Rp1.772.566.
Maison Aurelia, Sanur – Bali Maison Aurelia, Sanur – Bali Maison Aurelia, Sanur – Bali merupakan salah Maison Aurelia, Sanur – Bali is one of the favorite satu tujuan favorit penginapan di Sanur, Bali. accommodation destinations in Sanur area in Bali. Pada tahun 2017, Maison Aurelia, Sanur – Bali In 2017, the property recorded occupancy rate of mencatatkan tingkat persentase hunian sebesar 67.54%, a significant increase compared to the 67,54% naik dibanding tahun 2016 sebesar rate of 2016 which was 29.88%, and average room 29,88%, dengan tingkat average room rate pada rate of Rp940,653. tahun 2017 sebesar Rp940.653.
HARRIS Suites fX Sudirman – Jakarta HARRIS Suites fX Sudirman – Jakarta Berdiri di tengah kota Jakarta, dengan akses Situated in Jakarta city center with access to fX ke fX Sudirman Mall, Bursa Efek, Senayan Sport Sudirman Mall, Stock Exchange, Senayan Sport Complex, Senayan Golf Course, Plaza Senayan, Complex, Senayan Golf Course, Plaza Senayan Senayan City, HARRIS Suites fX Sudirman – and Senayan City malls, HARRIS Suites fX Sudirman
106 Jakarta menjadi tempat sempurna untuk menetap – Jakarta is a perfect accommodation choice for dalam jangka pendek maupun jangka panjang. both short and long stay. This year, HARRIS Suites Pada tahun 2017, HARRIS Suites fX Sudirman – fX Sudirman – Jakarta recorded occupancy rate Jakarta mencatatkan tingkat persentase hunian of 81.48% grew from the rate of 2016 recorded at sebesar 81,48% naik dari tahun 2016 sebesar 76.74%. The average room rate of HARRIS Suites 76,74%, dengan tingkat average room rate pada fX Sudirman – Jakarta in 2017 was Rp747,971. tahun 2017 sebesar Rp747.971.
HARRIS Hotel Batam Center – Batam HARRIS Hotel Batam Center – Batam Menghadap laut, satu menit dari terminal Ferry HARRIS Hotel Batam Center – Batam offers sea Internasional Batam Centre, dan dapat berjalan vista and is situated 1 minute from the International kaki ke pusat perbelanjaan dan kantor-kantor Ferry Terminal of Batam Centre as well as within pemerintahan, HARRIS Hotel Batam Center – walking distance to several shopping centers Batam merupakan tempat yang nyaman untuk and government offices. With such convenience, bekerja dan liburan. Pada tahun 2017, HARRIS HARRIS Hotel Batam Center – Batam is certainly Hotel Batam Center – Batam mencatatkan tingkat a comfortable accommodation suitable for persentase hunian sebesar 74,30% sedikit lebih working and having a vacation. In 2017, the hotel’s rendah dari tahun 2016 sebesar 75,38%, dengan occupancy rate was 74.30%, decreased slightly tingkat average room rate pada tahun 2017 from that of 2016 which was 75.38%, with average sebesar Rp408.121. room rate of Rp408,121.
HARRIS Resort Waterfront Batam HARRIS Resort Waterfront Batam HARRIS Resort Waterfront Batam menawarkan HARRIS Resort Waterfront Batam offers an array berbagai fasilitas favorit bagi para pengunjung of favorite facilities with a real-life experience hotel dengan memberi kehidupan nyata bagi for its guests. In 2017, HARRIS Resort Waterfront keluarga. Pada tahun 2017, HARRIS Resort Batam recorded an occupancy rate of 50.79%, Waterfront Batam mencatatkan tingkat persentase demonstrated a growth from the rate of 2016 hunian sebesar 50,79% naik dibanding tahun 2016 recorded at 45.04%, and average room rate yang hanya mencapai 45,04%, dengan tingkat reaching Rp403,740. average room rate pada tahun 2017 sebesar Rp403.740.
POP! Hotel Sangaji – Yogyakarta POP! Hotel Sangaji – Yogyakarta POP! Hotel Sangaji – Yogyakarta menjadi salah One of the accommodation destinations in satu destinasi hotel bagi para wisatawan. Pada Yogyakarta is POP! Hotel Sangaji – Yogyakarta tahun 2017, POP! Hotel Sangaji – Yogyakarta which, in 2017, recorded occupancy rate of meraih tingkat persentase hunian sebesar 71,90% 71.90%, an increase compared to that of 2016 naik dari tahun 2016 sebesar 55,90%, dengan at 55.90%. The average room rate of POP! Hotel tingkat average room rate pada tahun 2017 Sangaji – Yogyakarta in 2017 was Rp280,022. sebesar Rp280.022.
Pusat Perbelanjaan Shopping Centers beachwalk Shopping Center – Bali beachwalk Shopping Center – Bali beachwalk Shopping Center – Bali merupakan beachwalk Shopping Center – Bali is a Shopping pusat perbelanjaan yang antara lain meliputi center for Fashion Apparel & Accessories, lifestyle Fashion Apparel & Accessories, Lifestyle & & Entertainment, Food & Beverage, and so on. In Entertainment, Food & Beverage dan lain-lain. 2016, the occupancy rate of beachwalk Shopping
107 beachwalk Shopping Center – Bali mencatatkan Center – Bali reached 88.39%, slightly lower than tingkat hunian pada tahun 2017 sebesar 88,39% the rate of 2016 recorded at 95.04%, with average lebih rendah dari tahun 2016 sebesar 95,04%, lease rate per month reached Rp278,607. dengan tarif sewa rata-rata per bulan sebesar Rp278.607.
23 Paskal Shopping Center – Bandung 23 Paskal Shopping Center – Bandung 23 Paskal Shopping Center (dikenal 23 Paskal) 23 Paskal Shopping center (renowned as 23 adalah pusat perbelanjaan yang terletak di Paskal) is a shopping center situated in the Paskal kompleks Paskal Hyper Square, Bandung dengan Hyper Square complex, Bandung with total NLA luas Nett Leasable Area sebesar 40.000 m2. Mal of 40,000 m2. This mall was developed in 2016 ini dibangun pada tahun 2016 dan dibuka pada and commenced its operations in April 2017. As of April 2017. Pada tahun 2017, 23 Paskal Shopping the end of the year, 23 Paskal Shopping Center – Center – Bandung mencatatkan tingkat hunian Bandung recorded an occupancy rate of 84.71% sebesar 84,71% dengan tarif sewa rata-rata per with average lease rate per month of Rp147,924. bulan sebesar Rp147.924.
Park23 Entertainment Center – Bali Park23 Entertainment Center - Bali Park23 Entertainment Center – Bali menyajikan Park23 Entertainment Center – Bali offers a unique desain ruangan yang bersih dan unik, dengan and clean space with tenants from international penyewa mulai dari international fashion, brands of fashion, sports, and surfing labels. In olahraga dan label surfing. Pada tahun 2017, 2017, Park23 Entertainment Center – Bali recorded Park23 Entertainment Center – Bali mencatatkan an occupancy rate of 75.53%, an increase from tingkat hunian sebesar 75,53% naik dari tahun that of 2016 at 67.96%, and average lease rate per 2016 sebesar 67,96%, dengan tarif sewa rata-rata square per month at Rp64,609. per m2 per bulan sebesar Rp64.609.
Cikini Gold Center – Jakarta Cikini Gold Center – Jakarta Cikini Gold Center – Jakarta, merupakan salah Cikini Gold Center – Jakarta is one of the largest satu tempat penjualan emas terbesar di Indonesia. gold markets in Indonesia. In 2017, Cikini Gold Pada tahun 2017, Cikini Gold Center – Jakarta Center – Jakarta’s occupancy rate reached mencatatkan tingkat hunian sebesar 60,61% turun 60,61%, showing a decrease compared to the dari tahun 2016 sebesar 68,05%, dengan tarif jual- rate of 2016 at 68.05%, with average saleable rate beli rata-rata sebesar Rp22.953.309. amounted to Rp22,953,309.
Pendapatan Per Segmen Usaha Revenues per Business Segment Informasi pendapatan per segmen usaha pada The following table describes the information of tahun 2017 sebagai berikut: the Company’s revenues per business segment:
Perubahan / Persentase / Deskripsi / Description 2017 2016 Change Percentage (%)
Hotel 303.065.120.656 340.972.495.184 (37.907.374.528) (11,12)
Pusat Perbelanjaan 292.626.924.068 206.519.514.697 86.107.409.371 41,69 / Shopping Center
Pendapatan / Revenue 595.692.044.724 547.492.009.881 48.200.034.843 8,80
108 PROFITABILITAS PROFITABILITY Profitabilitas merupakan kemampuan Perseroan This section describes the capability of each untuk menghasilkan laba selama tahun 2017, business to generate income during the year, dengan menggunakan aset atau modal usaha. utilizing each asset or capital. This capability is Kemampuan ini digambarkan dengan rasio reflected on the ratio of profitability. The following profitabilitas. Informasi mengenai profitabilitas table describes the Company’s profitability in the usaha Perseroan dalam 3 (tiga) tahun terakhir last 3 (three) years: adalah sebagai berikut:
Deskripsi / Description 2017 2016
Margin Laba Bersih / Net Profit Margin 24,75% 33,16%
Imbal Hasil Aset / Return on Assets 2,21% 3,52%
Imbal Hasil Ekuitas / Return on Equity 3,48% 4,44%
Earnings per Share 9,01 15,21
ANALISIS KINERJA KEUANGAN ANALYSIS ON FINANCIAL PERFORMANCE Analisis dan pembahasan kinerja keuangan berikut The following analysis and discussion on disusun berdasarkan informasi yang diperoleh dari financial performance are composed based on Laporan Keuangan Perseroan yang berakhir pada the information obtained from the Company’s tanggal 31 Desember 2017 dan telah diaudit oleh Financial Statements ended on 31 December 2017, Kantor Akuntan Publik Tanubrata Sutanto Fahmi which have been audited by Public Accounting Bambang dan Rekan yang ditunjuk Perseroan. Firm Tanubrata Sutanto Fahmi Bambang & Laporan Keuangan Perseroan telah memperoleh Rekan appointed by the Company. The Financial pendapat wajar tanpa pengecualian. Statements of the Company have obtained unmodified fair opinion.
LAPORAN POSISI KEUANGAN / FINANCIAL POSITION STATEMENTS
Deskripsi Perubahan 2017 2016 Description Change % Aset Lancar / Current Assets 585.012.548.372 353.087.115.120 231.925.433.252 69,00 Kas dan Setara Kas / Cash and 440.225.565.192 247.903.815.289 192.321.749.903 77,58 Cash Equivalents Aset Lancar Lainnya / Other 3.762.328.832 4.229.728.832 (467.400.000) (11,05) Current Assets Piutang Usaha / Trade 35.635.677.080 22.946.479.940 12.689.197.140 55,30 Receivables Piutang Non Usaha / Non- 19.055.289.177 26.417.937.123 (7.362.647.946) (27,87) Trade Receivables Persediaan / Inventories 38.401.944.499 4.460.382.213 33.941.562.286 760,96 Pajak Dibayar Dimuka / 33.376.524.434 34.655.024.716 (1.278.500.282) (3,69) Prepaid Taxes Beban Dibayar Dimuka dan Uang Muka / Prepaid 14.555.219.158 12.473.747.007 2.081.472.151 16,69 Expenses and Advances
109 Aset Tidak Lancar / Non- 6.082.908.928.272 4.802.666.281.863 1.280.242.646.409 26,66 Current Assets Investasi Saham / Investment 3.689.251.659.303 2.555.967.907.136 1.133.283.752.167 44,34 In Shares Aset Pajak Tangguhan / 56.116.848.951 24.432.941.672 31.683.907.279 129,68 Deferred Tax Assets Aset Tetap / Property And 1.471.525.505.819 1.490.722.373.782 (19.196.867.963) (1,29) Equipment Properti Investasi / 762.486.736.161 649.729.617.911 112.757.118.250 17,35 Investment Properties Hak Sewa Jangka Panjang / 59.559.142.277 62.187.207.136 (2.628.064.859) (4,23) Long-Term Lease Rights Aset Tidak Lancar Lain / Other 43.969.035.761 19.626.234.226 24.342.801.535 124,03 Non-Current Assets Total Aset / Total Assets 6.667.921.476.644 5.155.753.396.983 1.512.168.079.661 29,33
Liabilitas Jangka Pendek / 799.968.546.304 106.632.977.094 693.335.569.210 650,21 Current Liabilities Utang Usaha / Trade Payables 31.088.992.728 15.918.518.085 15.170.474.643 95,30 Utang Non-Usaha / Non- 555.393.486.695 19.338.669.657 536.054.817.038 2.771,93 Trade Payables Utang Pajak / Taxes Payable 11.349.460.057 9.004.651.106 2.344.808.951 26,04 Beban Akrual / Accruals 32.627.045.158 30.122.966.917 2.504.078.241 8,31 Uang Muka Pelanggan dan Pendapatan Diterima Di Muka Bagian Yang Direalisasikan Dalam Satu Tahun / 161.196.493.625 15.499.574.169 145.696.919.456 940,01 Advance From Customers and Unearned Revenues – Realized Within One Year Liabilitas Jangka Panjang Yang Jatuh Tempo Dalam Satu Tahun / Current 8.313.068.041 16.748.597.160 (8.435.529.119) (50,37) Maturities Of Long-Term Liabilities Liabilitas Jangka Panjang / 1.633.018.664.052 960.174.170.081 672.844.493.971 70,08 Non-Current Liabilities Uang Muka Pelanggan dan Pendapatan Diterima Di Muka Setelah Dikurangi Bagian Yang Direalisasikan Dalam 101.141.614.556 134.183.980.607 (33.042.366.051) (24,62) Satu Tahun / Advance From Customers and Unearned Revenues - Net Of Realization Within One Year Jaminan Pelanggan / Tenants’ 47.958.703.925 35.934.224.365 12.024.479.560 33,46 Deposit Liabilitas Imbalan Pasca-Kerja / Post-Employment Benefit 19.015.849.420 20.631.890.115 (1.616.040.695) (7,83) Liabilities
110 Liabilitas Jangka Panjang – Setelah Dikurangi Bagian Yang Jatuh Tempo Dalam 1.464.902.496.151 769.424.074.994 695.478.421.157 90,39 Satu Tahun / Long-Term Liabilities – Net Of Current Maturities Total Liabilitas / Total 2.432.987.210.356 1.066.807.147.175 1,366.180.063.181 128,06 Liabilities
Total Ekuitas / Total Equity 4.234.934.266.288 4.088.946.249.808 145.988.016.480 3,57 Modal Saham / Share Capital 1.118.197.173.200 1.118.197.173.200 0 0,00 Tambahan Modal Disetor / 1.965.683.784.934 1.965.683.784.934 0 0,00 Additional Paid-In Capital Selisih Nilai Transaksi Ekuitas Dengan Kepentingan Nonpengendali / Difference (10.786.251.345) (10.786.251.345) 0 0,00 In Value Of Equity Transaction With Non-Controlling Interests Saldo Laba / Retained 606.594.832.416 508.386.283.603 98.208.548.813 19,32 Earnings Jumlah Ekuitas Yang Dapat Diatribusikan Kepada Pemilik Entitas Induk / Total Equity 3.679.689.539.205 3.581.480.990.392 98.208.548.813 2,74 Attributable To Owners Of The Parent Kepentingan Nonpengendali / 555.244.727.083 507.465.259.416 47.779.467.667 9,42 Non-Controlling Interests
Total Aset Total Assets Pada 2017, total aset Perseroan tercatat sebesar In 2017, total assets of the Company were Rp6,66 triliun, terdiri dari 8,77% aset lancar recorded at Rp6.66 trillion, comprising 8.77% of dan 91,23% aset tidak lancar. Nilai total aset current assets and 91.23% of non-current assets. mengalami kenaikan 29,33% atau sebesar Rp1,51 This value of total assets increased by 29.33% or at triliun dibandingkan pada tahun 2016. Rp1.51 trillion compare to 2016.
Aset Lancar Current Assets Aset lancar mengalami kenaikan Rp231,92 miliar Current assets grew by Rp231.92 billion or atau sebesar 65,69% menjadi Rp585,01 miliar 65.69%, from Rp353.08 billion recorded in 2016 to dibandingkan pada 2016 sebesar Rp353,08 Rp585.01 billion in 2017. This growth was mainly miliar. Kenaikan ini terutama disebabkan oleh caused by the rising trade receivables from third meningkatnya piutang usaha dari pihak ketiga, parties, inventories and the value of cash and cash persediaan, dan nilai kas & setara kas. equivalents.
• Kas dan setara kas mengalami kenaikan • Cash and cash equivalents increased by Rp192,32 miliar atau sebesar 77,58% menjadi Rp192.32 billion or 77.58%, from Rp247.90 Rp440,22 miliar dibandingkan pada 2016 billion recorded in 2016 to Rp440.22 billion, sebesar Rp247,90 miliar. Kenaikan ini terutama due to the increase in cash in banks and time disebabkan oleh meningkatnya jumlah deposits. simpanan di bank dan deposito berjangka.
111 • Piutang usaha mengalami kenaikan Rp12,69 • Trade receivables grew Rp12.69 billion or miliar atau sebesar 55,30% menjadi Rp35,63 55.30%, from Rp22.94 billion in 2016 to Rp35.63 miliar dibandingkan pada 2016 sebesar Rp22,94 billion. Such growth was mainly caused by the miliar. Kenaikan ini terutama disebabkan oleh increasing trade receivables from Shopping meningkatnya piutang usaha yang berasal dari Center business. bisnis Pusat Perbelanjaan.
• Persediaan mengalami kenaikan Rp33,94 • Inventories in 2017 amounted to Rp38.40 miliar atau sebesar 760,96% menjadi Rp38,40 billion, grew significantly by Rp33.94 billion miliar dibandingkan pada 2016 sebesar Rp4,46 or 760.96% from that of 2016 recorded at miliar. Kenaikan ini terutama disebabkan oleh Rp4.46 billion. This increase was contributed meningkatnya persediaan aset real estat yang by the rising real estate asset inventories in masih dalam pembangunan. construction.
Aset Tidak Lancar Non-Current Assets Aset tidak lancar mengalami kenaikan Rp1,28 The Company’s non-current assets rose by Rp1.28 triliun atau sebesar 26,66% menjadi Rp6,08 triliun trillion or 26.66%, from Rp4.80 trillion to Rp6.08 dibandingkan pada 2016 sebesar Rp4,80 triliun. trillion, due to the growth of investments in Kenaikan ini terutama disebabkan oleh naiknya associates. nilai investasi pada entitas asosiasi.
• Investasi saham mengalami kenaikan Rp1,13 • The post of investment in shares rose by Rp1.13 triliun atau sebesar 44,34% menjadi Rp3,68 trillion or 44.34%, from Rp2.55 trillion recorded triliun dibandingkan pada 2016 sebesar Rp2,55 in 2016 to Rp3.68 trillion. This was particularly triliun. Kenaikan ini terutama disebabkan oleh caused by an increase in share ownership as peningkatan kepemilikan saham dan juga atas well as profit from associates in 2017. laba entitas asosiasi di tahun 2017.
• Aset pajak tangguhan mengalami kenaikan • Deferred tax assets in 2017 were Rp56.11 Rp31,68 miliar atau sebesar 129,68% menjadi billion, an increase of Rp31.68 billion or Rp56,11 miliar dibandingkan pada 2016 129.68% from that of 2016 which amounted to sebesar Rp24,43 miliar. Kenaikan ini terutama Rp24.43 billion. This was mainly attributable to disebabkan oleh naiknya nilai aset pajak the rising deferred tax assets of the Company tangguhan pada Perseroan dan entitas anak. and subsidiaries.
• Properti investasi mengalami kenaikan • Investment properties grew by Rp112.75 billion Rp112,75 miliar atau sebesar 17,35% menjadi or 17.35%, from Rp649.72 billion in 2016 to Rp762,48 miliar dibandingkan pada 2016 Rp762,.48 billion, due to the operations of 23 sebesar Rp649,72 miliar. Kenaikan ini terutama Paskal Shopping Center in Bandung. disebabkan oleh beroperasinya 23 Paskal Shopping Center di Bandung.
Total Liabilitas Total Liabilities Total liabilitas pada 2017 tercatat sebesar Rp2,43 The Company’s total liabilities in 2017 amounted to triliun, naik 128,06% atau sebesar Rp1,36 triliun Rp2.43 trillion, a 128.06% increase or Rp1.36 trillion dibandingkan pada 2016 sebesar Rp1,06 triliun. compared to the total liabilities of the previous Komposisi total liabilitas terdiri dari 32,88% dari year recorded at Rp1.06 trillion. Total liabilities of
112 liabilitas jangka pendek dan 67,12% merupakan the Company comprised 32.88% current liabilities liabilitas jangka panjang. and 67.12% non-current liabilities.
Liabilitas Jangka Pendek Current Liabilities Liabilitas jangka pendek mengalami kenaikan In 2017, current liabilities of the Company sebesar Rp693,33 miliar atau sebesar 650,21% amounted to Rp799.96 billion, grew significantly menjadi Rp799,96 miliar dibandingkan 2016 by Rp693.33 billion or 650.21% from current sebesar Rp106,63 miliar. Kenaikan liabilitas jangka liabilities of 2016 recorded at Rp106.63 billion. This pendek ini terutama disebabkan oleh besarnya increase was contributed by the rising amount of utang non usaha dari pihak ketiga. non-trade payables of third parties.
• Utang usaha mengalami kenaikan sebesar • Trade payables grew by Rp15.17 billion or Rp15,17 miliar atau sebesar 95,30% menjadi 95.30%, from Rp15.91 billion in 2016 to Rp31.08 Rp31,08 miliar dibandingkan 2016 sebesar billion. This increase was particularly caused Rp15,91 miliar. Kenaikan ini terutama by an increase in trade payables from related disebabkan oleh meningkatnya utang usaha parties in association with the opening of 23 dari pihak berelasi sehubungan dengan Paskal Shopping Center in Bandung. pembukaan 23 Paskal Shopping Center di Bandung.
• Utang non usaha mengalami kenaikan sebesar • Non-trade Payables grew substantially by Rp536,05 miliar atau sebesar 2.771,93% Rp536.05 billion or 2,771.93%, from Rp19.33 menjadi Rp555,39 miliar dibandingkan 2016 billion recorded in 2016 to Rp555.39 billion. sebesar Rp19,33 miliar. Kenaikan ini terutama This growth was caused by the increase in disebabkan oleh besarnya utang non-usaha non-trade payables of third parties related to pihak ketiga sehubungan dengan pembelian the purchase of shares in associate entities. saham di entitas asosiasi.
• Uang muka pelanggan dan pendapatan • Advance from customers and unearned diterima di muka - bagian yang direalisasikan revenues – realized within one year increased dalam satu tahun mengalami kenaikan sebesar by Rp145.69 billion or 940.01%, from Rp15.49 Rp145,69 miliar atau sebesar 940,01% menjadi billion in 2016 to Rp161.19 billion. This was Rp161,19 miliar dibandingkan 2016 sebesar mainly caused by the operations of 23 Paskal Rp15,49 miliar. Hal ini terutama disebabkan Shopping Center in Bandung. oleh telah beroperasinya 23 Paskal Shopping Center di Bandung.
Liabilitas Jangka Panjang Non-Current Liabilities Liabilitas jangka panjang mengalami kenaikan The post of non-current liabilities in 2017 grew by sebesar Rp672,84 miliar atau sebesar 70,08% Rp672.84 billion or 70.08%, from Rp960.17 billion menjadi Rp1,63 triliun dibandingkan 2016 recorded in the previous year to Rp1.63 trillion. sebesar Rp960,17 miliar. Peningkatan liabilitas This increase was mainly attributable to the rising jangka panjang ini terutama disebabkan oleh value of bank loans. meningkatnya utang bank.
• Uang muka pelanggan dan pendapatan • Advance from customers and unearned
113 diterima di muka – setelah dikurangi revenues – net of realization within one year bagian yang direalisasikan dalam satu tahun declined by Rp33.04 billion or 24.62%, from mengalami penurunan sebesar Rp33,04 miliar Rp134.18 billion in 2016 to Rp101.14 billion. atau sebesar 24,62% menjadi Rp101,14 miliar dibandingkan 2016 sebesar Rp134,18 miliar.
• Jaminan pelanggan mengalami kenaikan • Tenant’s deposits grew to Rp47.95 billion in sebesar Rp12,02 miliar atau sebesar 33,46% 2017 from Rp35.93 billion recorded in 2016; menjadi Rp47,95 miliar dibandingkan 2016 demonstrating an increase of Rp12.02 billion sebesar Rp35,93 miliar. or 33.46%.
• Liabilitas jangka panjang – setelah dikurangi • Long-term liabilities – net of current maturities bagian yang jatuh tempo dalam satu tahun increased by Rp695.47 billion or 90.39%, from mengalami kenaikan sebesar Rp695,47 miliar Rp769.42 billion in 2016 to Rp1.46 trillion. atau sebesar 90,39% menjadi Rp1,46 triliun dibandingkan 2016 sebesar Rp769,42 miliar.
Total Ekuitas Total Equity Total Ekuitas Perseroan pada tahun 2017 tercatat The Company’s total equity in 2017 recorded sebesar Rp4,23 triliun, naik 3,57% atau sebesar at Rp4.23 trillion, up 3.57% or Rp145.98 billion Rp145,98 miliar dibandingkan pada 2016 compared to the position of 2016 at Rp4.08 trillion sebesar Rp4,08 triliun. Kenaikan ini berasal dari which was contributed by the increase in retained peningkatan saldo laba tahun berjalan. earnings for the year.
• Modal saham pada tahun 2017 tidak mengalami • The amount of share capital of the Company in perubahan dari tahun 2016 sebesar Rp1,11 2017 was the same as the amount recorded in triliun. 2016, which was Rp1.11 trillion.
• Saldo laba mengalami kenaikan sebesar • Retained earnings grew by Rp98.20 billion Rp98,20 miliar atau sebesar 19,32% menjadi or 19.32%, from Rp508.38 billion recorded Rp606,59 miliar dibandingkan 2016 sebesar in 2016 to Rp606.59 billion, due to the rising Rp508,38 miliar. Peningkatan ini terutama profit for the year. disebabkan oleh laba tahun berjalan.
• Jumlah ekuitas yang dapat diatribusikan • Total equity attributable to owners of the kepada pemilik entitas induk mengalami parent increased by Rp98.20 billion or 2.74%, kenaikan sebesar Rp98,20 billion atau sebesar from Rp3.58 trillion in 2016 to Rp3.67 trillion. 2,74% menjadi Rp3,67 triliun dibandingkan 2016 sebesar Rp3,58 triliun.
• Kepentingan nonpengendali mengalami • Non-controlling interests rose Rp47.77 billion kenaikan sebesar Rp47,77 miliar atau sebesar or 9.42%, from Rp507.46 billion in 2016 to 9,42% menjadi Rp555,24 miliar dibandingkan Rp555.24 billion. 2016 sebesar Rp507,46 miliar.
114 115 LAPORAN LABA RUGI / INCOME STATEMENTS
Deskripsi Perubahan 2017 2016 Description Change % Pendapatan / Revenues 595.692.044.724 547.492.009.881 48.200.034.843 8,80 Beban Pokok Pendapatan / Cost of (181.132.149.239) (158.148.133.180) (22.984.016.059) 14,53 Revenues Laba Bruto / Gross Profit 414.559.895.485 389.343.876.701 25.216.018.784 6,48 Laba Usaha / Profit from Operations 89.136.338.346 39.020.545.356 50.115.792.990 128,43 Laba Sebelum Pajak / Profit Before 116.706.345.435 167.018.926.362 (50.312.580.927) (30,12) Tax Manfaat Pajak Penghasilan / Income 30.720.806.408 14.547.816.498 16.172.989.910 111,117 Tax Benefit Laba Bersih Tahun Berjalan / Net 147.427.151.843 181.566.742.860 (34.139.591.017) (18,80) Profit for the Year Jumlah Penghasilan Komprehensif Tahun Berjalan Setelah Pajak / Total 144.220.164.480 180.697.292.740 (36.477.128.260) (20,19) Comprehensive Income for the Year – Net of Tax
Laba Tahun Berjalan yang dapat Diatribusikan kepada: / Profit for the Year Attributable to: Pemilik entitas induk/ Owners of the 100.777.813.683 170.121.035.846 (69.343.222.163) (40,76) parent Kepentingan nonpengendali / Non- 46.649.338.160 11.445.707.014 35.203.631.146 307,57 controlling interests Jumlah / Total 147.427.151.843 181.566.742.860 (34.139.591.017) (18,80)
Laba Komprehensif Tahun Berjalan yang dapat Diatribusikan kepada: Comprehensive Income for the Year Attributable to: Pemilik entitas induk/ Owners of the 98.208.548.813 169.506.434.099 (71.297.885.286) (42,06) parent Kepentingan nonpengendali / Non- 46.011.615.667 11.190.858.641 34.820.757.026 311,15 controlling interests Jumlah / Total 144.220.164.480 180.697.292.740 (36.477.128.260) (20,19) Laba per Saham / Earnings per Share 9,01 15,21 (6,20) (40,76)
Pendapatan Revenues Pada 2017, Perseroan mencatat pendapatan Over the course of 2017, the Company recorded sebesar Rp595,69 miliar, naik 8,80% atau sebesar revenues amounting to Rp595.69 billion, grew Rp48,20 miliar dibandingkan pada 2016 sebesar 8.80% or Rp48.20 billion compared to that Rp547,49 miliar. Kenaikan ini terutama disebabkan of 2016 recorded at Rp574.49 billion. The oleh meningkatnya kinerja usaha pusat increase was mainly due to the rising business perbelanjaan yang terkait dengan beroperasinya performance of shopping center in relation to 23 Paskal Shopping Center – Bandung. the commencement of operation of 23 Paskal Shopping center – Bandung.
Beban Pokok Pendapatan Cost of Revenues Beban pokok pendapatan mengalami kenaikan In 2017, cost of revenues grew by 14.53%, from
116 dari Rp158,14 miliar pada 2016 menjadi Rp181,13 Rp158.14 billion in 2016 to Rp181.13 billion. Such miliar pada 2016, atau naik 14,53%. Kenaikan increase was mainly caused by the rising income ini terutama disebabkan oleh meningkatnya from shopping center segment in line with pendapatan pada segmen usaha pusat the operations of 23 Paskal Shopping center – perbelanjaan seiring dengan pembukaan 23 Bandung. Paskal Shopping Center – Bandung.
Laba Bruto Gross Profit Laba bruto tahun 2017 tercatat sebesar Rp414,55 Gross profit of the Company in 2017 was recorded miliar, naik 6,48% atau sebesar Rp25,21 miliar at Rp414.55 billion, up 6.48% or Rp25.21 billion dibandingkan pada 2016 sebesar Rp389,34 miliar. compared to the gross profit booked at the end of Hal ini terutama disebabkan oleh meningkatnya 2016 at Rp389.34 billion. This was mainly caused pendapatan pada segmen usaha pusat by the rising income from shopping center perbelanjaan yang terkait dengan beroperasinya segment in line with the operations of 23 Paskal 23 Paskal Shopping Center – Bandung. Shopping Center – Bandung
Laba Usaha Profit from Operations Laba usaha tahun 2017 tercatat sebesar Rp89,13 Profit from operations in 2017 amounted to miliar, naik 128,43% atau sebesar Rp50,11 miliar Rp89.13 billion, grew significantly by Rp50.11 dibandingkan pada 2016 sebesar Rp39,02 miliar. billion or 128.43% from that of 2016 recorded Hal ini terutama disebabkan oleh menurunnya at Rp39.02 billion. Such growth was due to the beban umum dan administrasi serta meningkatnya decline in general and administrative expenses as laba kotor. well as the increase in the amount of gross profit.
Laba Sebelum Pajak Profit Before Tax Laba sebelum pajak tahun 2017 tercatat sebesar The Company’s profit before tax was booked at Rp116,70 miliar, turun 30,12% atau sebesar Rp116.70 billion in 2017, dropped by 30.12% or Rp50,31 miliar dibandingkan pada 2016 sebesar Rp50.31 billion from Rp167.01 billion recorded Rp167,01 miliar. Hal ini terutama disebabkan oleh in 2016. This was mainly due to the decrease in menurunnya laba entitas asosiasi. profit from associates.
Manfaat Pajak Penghasilan Income Tax Benefit Manfaat pajak penghasilan tahun 2017 tercatat In 2017, the post of income tax benefit reached sebesar Rp30,72 miliar, naik 111,17% atau sebesar Rp30.72 billion, increased by 111.17% or Rp16.17 Rp16,17 miliar dibandingkan pada 2016 sebesar billion compared to that of 2016 recorded Rp14,54 miliar. Hal ini terutama disebabkan oleh at Rp14.54 billion, due to the increase in the meningkatnya pajak tangguhan Perseroan. Company’s deferred tax.
Laba Tahun Berjalan Profit for the Year Laba tahun berjalan pada tahun 2017 tercatat The Company’s profit for the year was recorded sebesar Rp147,42 miliar, mengalami penurunan at Rp147.42 billion, declined by Rp34.13 billion or 18,80% atau sebesar Rp34,13 miliar dibandingkan 18.80% from that of 2016 at Rp181.56 billion. This pada tahun 2016 sebesar Rp181,56 miliar. Hal decline was contributed by the decrease in profit ini disebabkan karena menurunnya laba entitas from associates. asosiasi.
117 Penghasilan Komprehensif Tahun Berjalan Comprehensive Income for the Year Laba komprehensif periode berjalan pada tahun The comprehensive income for 2017 was recorded 2017 tercatat sebesar Rp144,22 miliar, mengalami at Rp144.22 billion, a 20.19% decrease or Rp36.47 penurunan 20,19% atau sebesar Rp36,47 miliar billion from Rp180.69 billion recorded in 2016. dibandingkan pada 2016 sebesar Rp180,69 miliar.
LAPORAN ARUS KAS / CASH FLOW STATEMENTS
Deskripsi Perubahan 2017 2016 Description Change % Arus kas dari aktivitas operasi / Cash flow from operating 211.480.891.922 100.067.311.679 111.413.580.243 111,34 activities Arus kas untuk aktivitas investasi / Cash flow used in investing (579.350.891.053) (253.876.095.128) (325.474.795.925) 128,20 activities Arus kas dari aktivitas pendanaan / Cash flow from financing 567.906.561.863 114.227.673.653 453.678.888.210 397,17 activities Kenaikan (penurunan) bersih kas dan setara kas / Net increase 200.036.562.732 (39.581.109.796) 239.617.672.528 605,38 (decrease) in cash and cash equivalents Pengaruh perubahan kurs mata uang asing terhadap kas dan setara kas / Effect of foreign (7,714.812.829) - (7,714.812.829) 100,00 exchange changes on cash and cash equivalents Kas dan setara kas awal tahun / Cash and cash equivalents at 247.903.815.289 287.484.925.085 (39.581.109.796 (13,77) beginning of year Kas dan setara kas akhir tahun / Cash and cash equivalents at end 440.225.565.192 247.903.815.289 (192.321.749.903) 77,58 of year
Arus Kas dari Aktivitas operasi Cash Flow from Operating Activities Pada 2017, Perseroan mencatat arus kas dari In 2017, the company recorded cash flow from aktivitas operasi sebesar Rp211,48 miliar, naik operating activities amounted to Rp211.48 billion, Rp111,41 miliar atau 111,34% dibandingkan grew by Rp111.41 billion or 111.34% from that of arus kas dari aktivitas operasi pada 2016 2016 recorded at Rp100.06 billion. Such increase sebesar Rp100,06 miliar. Kenaikan ini terjadi was in line with the rising income from customers seiring dengan meningkatnya penerimaan dari due to the commencement of operations of 23 pelanggan ditopang oleh pembukaan mall 23 Paskal Shopping Center – Bandung. Paskal Shopping Center – Bandung.
Arus Kas untuk Aktivitas investasi Cash Flow used in Investing Activities Arus kas untuk aktivitas investasi tercatat sebesar Meanwhile, cash flows used in investing activities Rp579,35 miliar, mengalami kenaikan 128,20% reached Rp579.35 billion in 2017, showing a atau sebesar Rp325,47 miliar dibandingkan growth of 128.20% or Rp325.47 billion from the
118 pada 2016 sebesar Rp253,87 miliar. Kenaikan ini previous year’s cash flow recorded at Rp253.87 terutama disebabkan oleh peningkatan investasi billion. Such increase was contributed by the pada entitas asosiasi. growth of investment in associate entities.
Arus Kas dari Aktivitas Pendanaan Cash Flow from Financing Activities Pada 2017, arus kas dari aktivitas pendanaan The Company’s cash flows from financing Perseroan tercatat Rp567,90 miliar, sedangkan activities in 2017 reached Rp567.90 billion, while pada 2016 tercatat Rp114,22 miliar. Kenaikan arus the cash flows from financing activities of 2016 kas dari aktivitas pendanaan terutama disebabkan were recorded at Rp114.22 billion. The increase oleh besarnya penerimaan utang bank. was particularly caused by the growth of bank loans.
Kas dan Setara Kas Akhir Tahun Cash and cash equivalents at end of year Kas dan setara kas akhir tahun Perseroan tercatat Cash and cash equivalents of the Company at the Rp440,22 miliar, sedangkan pada 2016 tercatat end of the year amounted to Rp440.22 billion, Rp247,90 miliar. Kenaikan Kas dan setara kas akhir rose from the cash and cash equivalents recorded tahun terutama disebabkan oleh kenaikan kas dari at the end of 2016 at Rp247.90 billion. Such aktivitas pendanaan terkait penerimaan utang growth was mainly attributable to the rising cash bank from financing activities in relation to the receipt of bank loans.
KEMAMPUAN MEMBAYAR UTANG DAN TINGKAT KOLEKTIBILITAS PIUTANG SOLVENCY AND RECEIVABLES COLLECTABILITY
KEMAMPUAN MEMBAYAR UTANG DAN SOLVENCY AND RECEIVABLES TINGKAT KOLEKTIBILITAS PIUTANG COLLECTABILITY
Kemampuan Membayar Utang Solvency Kemampuan Perusahaan dalam membayar The Company’s ability to pay its debt can be utang dapat diukur dengan menggunakan measured using the liquidity ratio, while the rasio likuiditas, sedangkan kemampuan dalam ability to fulfill its liabilities is measured using the memenuhi kewajibannya diukur menggunakan solvability ratio. rasio solvabilitas.
1. Rasio Likuiditas 1. Liquidity Ratio Rasio likuiditas merupakan tingkat kemampuan Liquidity ratio shows the Company’s capability Perusahaan dalam memenuhi seluruh in paying all of its current liabilities measured kewajiban jangka pendek yang diukur dengan by comparing its current assets with current perbandingan antara aset lancar dengan liabilities. As of December 31, 2017 and 2016, the liabilitas jangka pendek. Per 31 Desember 2017 Company’s liquidity ratios were 0.73 and 3.31, dan 2016, rasio likuiditas Perseroan masing- respectively. The Company’s current assets in masing adalah sebesar 0,73 dan 3,31. Aset 2017 were booked at Rp585,012.5 million while lancar Perusahaan pada tahun 2017 tercatat its current liabilities were Rp799,968.5 million. Rp585.012,5 juta, sedangkan liabilitas jangka pendek tercatat sebesar Rp799.968,5 juta.
119 Uraian / Description 2017 2016 Aset Lancar / Current Assets 585.012.548.372 353.087.115.120 Liabilitas Jangka Pendek / Current Liabilities 799.968.546.304 106.632.977.094 Rasio Likuiditas / Liquidity Ratio 0,73 3,31
2. Rasio Solvabilitas 2. Solvability Ratio Rasio Solvabilitas menunjukkan kemampuan The Solvability Ratio represents the ability of Perusahaan dan entitas anak untuk melunasi the Company and its subsidiaries to settle all seluruh kewajibannya yang diukur dengan liabilities. This ratio is measured by comparing membandingkan jumlah liabilitas konsolidasi the total consolidated amount of liabilities to terhadap jumlah ekuitas konsolidasi dan total consolidated amount of equity, and the jumlah liabilitas konsolidasi terhadap jumlah total consolidated amount of liabilities to total aset konsolidasi. consolidated amount of assets of the Company.
Rasio Utang Terhadap Ekuitas / 2017 2016 Debt to Equity Ratio Total Liabilitas / Total Liabilities 2.432.987.210.356 1.066.807.147.175 Total Ekuitas / Total Equity 4.234.934.266.288 4.088.946.249.808 Rasio Utang terhadap Ekuitas / Debt to Equity Ratio 0,57 0,26
Pada 2017, rasio utang terhadap ekuitas adalah In 2017, the debt to equity ratio reached 0.57, while sebesar 0,57 sedangkan pada tahun 2016, debt to equity ratio of 2016 was 0.26. With the rasio utang terhadap ekuitas adalah sebesar value of debt ratio to equity ratio below 2, it shows 0,26. Dengan nilai rasio utang terhadap ekuitas the commitment of shareholders to continuously berada di bawah 2, hal tersebut menunjukkan strive to accommodate the Company’s capital komitmen pemegang saham yang terus berusaha needs through optimizing the proportion of debt mengakomodir kebutuhan permodalan Perseroan financing and shares. melalui proporsi pembiayaan utang dan saham yang optimal.
Pada 2017, rasio utang terhadap aset adalah In 2017, the debt to asset ratio was 0.36 whereas in sebesar 0,36 sedangkan pada tahun 2016, rasio 2016, the debt to asset ratio was 0.21. In regard to utang terhadap aset adalah sebesar 0,21. Terlihat the ratios recorded at those years, the Company selama periode-periode tersebut Perseroan is observed to have a good debt to asset ratio, in memiliki rasio utang terhadap aset yang baik which the ratio value below 0.5 indicates that the dimana nilai rasio di bawah 0,5 menunjukkan Company has enough assets to cover its long- Perseroan memiliki cukup aset untuk dapat term debt. menutupi utang jangka panjangnya.
Kolektibilitas Piutang Receivables Collectability Salah satu cara untuk mengukur tingkat One of the ways to measure receivables kolektibilitas piutang adalah melalui rasio collectability rate is through receivable turnover perputaran piutang (receivable turnover). Rasio ratio. The Company’s receivable turnover ratio in perputaran piutang Perseroan untuk tahun 2017 2017 was 18 days, while in 2016 it was 24 days. adalah 18 hari, sedangkan pada tahun 2016 These rates were still within the threshold set in adalah selama 24 hari. Hal ini masih sesuai dengan the Company’s policy, namely 1-30 days. kebijakan Perseroan yaitu 1-30 hari.
120 STRUKTUR MODAL DAN KEBIJAKAN MANAJEMEN ATAS STRUKTUR MODAL CAPITAL STRUCTURE AND MANAGEMENT POLICY ON CAPITAL STRUCTURE
Struktur Modal Capital Structure Struktur modal Perseroan yang terdiri dari utang The Company’s capital structure consisting of berbasis bunga/sukuk dan ekuitas, sebagai interest bearing debt/sharia bonds and equity is berikut: described below:
Deskripsi / Description 2017 2016 Pinjaman / Loans 1.473.215.564.192 786.172.672.154 Kas dan Setara Kas dan Aset Keuangan Jangka Pendek Lainnya / Cash and Cash (443.987.894.024) (252.133.544.121) Equivalents as well as Other Short-Term Financial Assets Pinjaman – Bersih / Loans – Net 1.029.227.670.168 534.039.128.033 Ekuitas / Equity 4.234.934.266.288 4.088.946.249.808 Rasio Pinjaman – Bersih terhadap Modal / 0,24 0,13 Ratio of Net Loans to Equity
Dasar Pemilihan dan Kebijakan Manajemen Basis of Selection and Management Policy atas Struktur Modal on Capital Structure Dalam mengelola permodalannya, Perseroan In managing its capital, the Company continues senantiasa mempertahankan kelangsungan usaha to maintain business sustainability and maximize serta memaksimalkan Manfaat bagi pemegang Benefits given to the shareholders and other saham dan pemangku kepentingan lainnya. stakeholders.
Perseroan secara aktif dan rutin menelaah dan The Company actively reviews and manages mengelola permodalan untuk memastikan its capital to ensure their capital structure and struktur modal dan pengembalian yang provide optimum results for all shareholders. This optimal bagi pemegang saham, dengan is conducted by taking into account the efficiency mempertimbangkan efisiensi penggunaan modal in the use of capital based on the cash flows from berdasarkan arus kas operasi dan belanja modal, operations and capital expenditure, as well as the serta mempertimbangkan kebutuhan modal di needs for capital in the future. masa yang akan datang.
IKATAN MATERIAL UNTUK INVESTASI MATERIAL COMMITMENT FOR CAPITAL BARANG MODAL GOODS INVESTMENT Secara berkelanjutan, Perseroan menerapkan The Company constantly implements investment kebijakan investasi yang berfokus pada policies that focus on the flows of operations and kelancaran operasional dan pemenuhan sasaran the efforts to meet the long-term target. Capital jangka panjang. Jenis investasi barang modal goods investment is carried out particularly for the yang dilakukan terutama untuk keperluan proyek needs of development projects, i.e. investments in pengembangan dalam bentuk investasi pada Anak Subsidiaries. Perusahaan.
121 Tujuan investasi barang modal untuk keperluan Capital goods investment for the development pengembangan Perseroan adalah dalam rangka of the Company aims to improve the Company’s meningkatkan nilai Perseroan melalui ekspansi. values through business expansion. Throughout Sepanjang tahun 2017 Perseroan melakukan the year, the Company carried out investment investasi kepada Entitas Asosiasi sebesar activities on the Associate Entities amounting to Rp767.102,3 juta, sedangkan pada tahun 2016 Rp767,102.3 million while in 2016 amounting to sebesar Rp15.041,9 juta. Rp15,041.9 million.
INVESTASI BARANG MODAL YANG CAPITAL GOODS INVESTMENT REALIZED IN DIREALISASIKAN PADA TAHUN BUKU THE LAST FISCAL YEAR TERAKHIR Investasi barang modal (capital expenditure) yang Capital goods investment (capital expenditure) direalisasikan Perseroan pada tahun 2017 adalah realized by the Company in 2017 is as follows: sebagai berikut:
Jenis Investasi / Keterangan / Description Tujuan / Goals Nilai / Value Types of Investment Bangunan & Prasarana / Ekspansi & operasional / Barang modal / Capital goods 153.519.550.728 Buildings & Infrastructure Expansion & operations
Peralatan & Perlengkapan / Barang modal / Capital goods Operasional / Operations 15.361.684.606 Equipment
Kendaraan / Vehicles Barang modal / Capital goods Operasional / Operations 575.350.000
INFORMASI DAN FAKTA MATERIAL YANG MATERIAL INFORMATION AND FACT TERJADI SETELAH TANGGAL LAPORAN SUBSEQUENT TO ACCOUNTANT REPORT AKUNTAN Perseroan tidak mencatatkan informasi dan fakta The Company did not record any material material yang terjadi setelah tanggal laporan information and fact occurring subsequent to akuntan pada periode tahun buku 2017. the date of public accountant’s report in the 2017 fiscal year.
PERBANDINGAN ANTARA TARGET, REALISASI 2017 DAN PROYEKSI 2018 COMPARISON BETWEEN TARGET, REALIZATION IN 2017, AND PROJECTION FOR 2018
Keterangan / Realisasi 2017 / Pencapaian / Proyeksi 2018 / Target Description Realization in 2017 Achievement (%) Projection for 2018
Pendapatan / Revenues 650.073 595.692 91,63% 694.720
Laba Usaha / Profit from 46.332 89.136 192,39% 113.991 Operations Ekuitas / Equity 4.094.554 4.234.934 103,43% 4.353.033
122 KEBIJAKAN DIVIDEN DIVIDEND POLICY Perseroan melalui persetujuan dari Rapat umum The Company’s dividend policy is stipulated Pemegang Saham Tahunan dalam hal pembagian through the approval of Annual General Meeting dividen dengan rasio pembayaran dividen yang of Shareholders on the payment of dividend, with ditetapkan pada pelaksanaan Rapat umum ratio of dividend payment shall be determined in Pemegang Saham Tahunan setelah tahun buku. the Annual General Meeting of Shareholders after Selama periode tahun buku 2017, Rapat Umum the current fiscal year. During the 2017 fiscal year, Pemegang Saham Tahunan telah setuju untuk the Annual General Meeting of Shareholders has tidak melakukan pembagian dividen. Informasi approved not to distribute dividend. Information mengenai pembagian dividen pada tahun 2016 on dividend payment in 2016 is as follows: sebagai berikut:
Keterangan / Description 2017 2016
Tanggal Pembayaran Dividen / Date of Dividend Payment Tidak ada pembagian dividen 14 Juli 2016 / / No Dividend payment 14 July 2016
Jumlah Dividen Kas per Saham / Total Cash Dividend per Share - Rp1,50
Jumlah Dividen per Tahun yang Dibayar - Rp16.772.957.598 / Total Dividend Payment for the Year
REALISASI PENGGUNAAN DANA HASIL USE OF PROCEEDS FROM PUBLIC OFFERING PENAWARAN UMUM Dana hasil Penawaran Umum Saham yang Proceeds from the Public Offering of Shares dilaksanakan pada 19-21 Oktober 2009 adalah conducted on 19-21 October 2009 are as follows: sebagai berikut:
Jumlah Jumal Uang Jumlah % Keterangan Pemesan Pemesanan (Rp) Saham (Perseratus) Description Total Ampount of Total Shares (Perscent) Subscriber Subscription (Rp) Total Penawaran / Total Offering - 180.000.000 20.700.000.000 100,00 Total Pemesanan / Total Subscription 534 179.639.000 20.658.485.000 99,80 Sisa Penawaran / Unsubsribed Shares - 361.000 41.515.000 0,20
Seluruh dana hasil penawaran umum Perseroan All proceeds from public offering of the Company telah digunakan sebagaimana yang tercantum have been used for the purposes as recorded in dalam prospektus. the prospectus.
Sedangkan dana hasil Penawaran Umum Meanwhile, proceeds from Rights Issue I of Terbatas I tahun 2015 yang dilakukan dengan 2015 conducted through Pre-emptive Rights cara menerbitkan Hak Memesan Efek Terlebih of the Company’s Shareholders, which have Dahulu kepada Para Pemegang Saham Perseroan, gained effective statement from the Financial dan telah mendapat pernyataan efektif dari Services Authority based on the letter of OJK No. Otoritas Jasa Keuangan berdasarkan surat dari S-253/D.04/2015, have been used for the purposes OJK Nomor: S-253/D.04/2015, telah digunakan as recorded in the prospectus, as follows: sebagaimana yang tercantum dalam prospektus, sebagai berikut:
123 .740 Total 2.798.418.128 Total .740 2.798.418.128.740 166.918.128 Work Capital Work Modal Kerja / / Modal Kerja
.000 Capital Gemilang Gemilang Mahacipta 148.787.856.961 192.000.000 Mahacipta / Akuisisi 55% Akuisisi 55% Work / Work Modal Kerja Acquisition of Acquisition of saham PT Mitra saham PT Mitra Mitra Gemilang Mitra Gemilang 55% shares of PT PT 55% shares of
.000 Nusaraya saham PT saham PT Anugerah Anugerah 97.000.000 Nusaraya / Akuisisi 51% Akuisisi 51% PT Anugerah PT Anugerah 51% shares of 51% shares of Acquisition of Acquisition of Mahacipta / 196.693.877.551 shares of PT Mitra shares of PT Mitra Gemilang Acquisition of 55% Acquisition of Akuisisi 55% saham Gemilang Mahacipta .000 Nuansa Perdana Perdana Nuansa / Nuansa / saham PT saham PT 29.000.000 of PT Mitra PT Mitra of Acquisition Acquisition Akuisisi 51% Akuisisi 51% of 51% shares 51% shares of Mitra Perdana Mitra Perdana
Nusaraya .000 100.928.571.429 Akuisisi 51% saham Acquisition of 51% / Acquisition of PTAnugerah Nusaraya PTAnugerah shares of PT Anugerah shares of Properti 13.500.000 Sepingan Sepingan saham PT saham PT Properti / PT Sepingan PT Sepingan Akuisisi 50% Akuisisi 50% 50% shares of 50% shares of Acquisition of Acquisition of Penawaran Umum dengan memberikan HMETD / Public Offering with Pre-emptive Rights Umum Penawaran .000 Nuansa 25,91% 25,91% Purchase Purchase PT Plaza PT Plaza PT Plaza PT Plaza
shares of shares of 2.300.000 saham PT saham PT of 25.91% 25.91% of Indonesia Indonesia Indonesia Indonesia Pembelian Pembelian / Realty Tbk Realty Realty Tbk Tbk Realty of 51% shares of 51% shares of of 30.020.408.164 PT Mitra Perdana PT PT Mitra Perdana PT Akuisisi 51% saham Nuansa / Acquisition Nuansa /
Realization of the Use of Proceeds the Use of of Penggunaan Dana / Realization Realisasi .740 Hasil Bersih / Net Proceeds 2.798.418.128 Properti 14.520.408.164 Akuisisi 50% saham Acquisition of 50% / Acquisition of PT Sepingan Properti shares of PT Sepingan shares of .160 Public Public Biaya Biaya
Umum Umum / 4.111.514 Penawaran Penawaran Offering Fee .900 saham PT PLIN / shares of PT PLIN shares of Jumlah Hasil Penawaran Umum Jumlah Hasil Penawaran Pembelian 25,91% Pembelian 25,91% Purchase of 25.91% 25.91% Purchase of 2.307.467.006.472 Total Proceeds from Public Offering Total Offering from Public from Public Jumlah Hasil Jumlah Hasil Total Proceeds Proceeds Total 2.802.529.642
/ Penawaran Umum Umum Penawaran Date efektif Public Public Tanggal Tanggal Effective Effective 26 Juni 26 Juni 2015 / 26 June 2015 Public Offering Umum / TypeUmum of Jenis Penawaran Jenis Penawaran Penawaran Umum Penawaran Umum dengan memberikan HMETD / Offering with Pre- Rights emptive Jenis Jenis Public Public Umum Type of Offering Penawaran Penawaran Public Public Penawaran Penawaran dengan Umum memberikan HMETD / Offering with Pre-emptive Rights
124 Seluruh dana hasil penawaran umum dialokasikan All proceeds from public offering have been dan digunakan untuk pengembangan usaha. allocated and used for business expansion. The Penggunaan dana tersebut juga telah dilaporkan use of proceeds have been reported to the stock kepada bursa efek dan Otoritas Jasa Keuangan. exchange and Financial Services Authority.
INFORMASI MATERIAL MENGENAI MATERIAL INFORMATION ON INVESTMENT, INVESTASI, EKSPANSI, DIVESTASI, EXPANSION, DIVESTMENT, BUSINESS PENGGABUNGAN/PELEBURAN USAHA, MERGER/CONSOLIDATION, ACQUISITION AKUISISI ATAU RESTRUKTURISASI UTANG/ OR CAPITAL/DEBT RESTRUCTURING MODAL Pada tanggal 28 Februari 2017, berdasarkan akta On 28 February 2017, based on notarial deed No. notaris No. 12 dari Laurens Gunawan, S.H., M.KN, 12 of Laurens Gunawan, S.H., M.KN, Notary in Notaris di Tangerang, Perseroan menjual 20.000 Tangerang, the Company sold 20,000 shares of PT saham pemilikan atas PT Indonesia Gemilang Indonesia Gemilang Mahasentosa with nominal Mahasentosa dengan nilai nominal Rp1.000 per value of Rp1,000 per share to PT Ormand Capital lembar kepada PT Ormand Capital International, International, a third party. pihak ketiga.
Pada tahun 2017, Perseroan melakukan pembelian In 2017, the Company purchased 368,625,034 368.625.034 saham PT Plaza Indonesia Realty shares of PT Plaza Indonesia Realty Tbk with total Tbk dengan total harga pembelian sebesar price of Rp1,307,956,317,265. Rp1.307.956.317.265.
INFORMASI TRANSAKSI MATERIAL YANG INFORMATION ON MATERIAL TRANSACTION MENGANDUNG BENTURAN KEPENTINGAN CONTAINING CONFLICT OF INTEREST AND DAN TRANSAKSI DENGAN PIHAK AFILIASI TRANSACTION WITH AFFILIATIONS Pada tahun 2017, Perseroan tidak melakukan The Company did not carry out material transaksi material yang mengandung benturan transactions containing conflict of interest in kepentingan. Sedangkan informasi transaksi 2017. Meanwhile, information on transactions dengan pihak afiliasi adalah sebagai berikut: conducted with affiliated parties is as follows:
Pihak-Pihak yang Terlibat Obyek dan Nilai Transaksi / / Parties Involved in the Hubungan Afiliasi / Affiliation Object and Value of Transaction Transaction
Entitas anak PT Grahatama Kreasibaru / PT Mega Biru Selaras Rp552.517.689 Subsidiary of PT Grahatama Kreasibaru PT Java Paradise Island Rp3.700.600 Entitas asosiasi / Associate entity Entitas anak PT Grahatama Kreasibaru / PT Pop Properti Indonesia Rp2.199.900 Subsidiary of PT Grahatama Kreasibaru
125 Utang Usaha / Trade Payables
Pihak-Pihak yang Terlibat / Parties Obyek dan Nilai Transaksi / Object Hubungan Afiliasi / Affiliation Involved in the Transaction and Value of Transaction
Entitas anak PT Grahatama PT Pop Properti Indonesia Rp15.465.254.161 Kreasibaru / Subsidiary of PT Grahatama Kreasibaru
Dengan menelaah secara seksama latar belakang By meticulously reviewing the background as well serta manfaat dilakukannya transaksi, seluruh as benefit of each transaction, the Company’s transaksi tersebut telah disetujui oleh para Board of Directors and Board of Commissioners anggota Direksi dan Dewan Komisaris Perseroan have collectively and individually approved all baik secara bersama-sama maupun sendiri- transactions. sendiri.
PERUBAHAN PERATURAN PERUNDANG- CHANGES IN LAWS REGULATIONS HAVING UNDANGAN YANG BERPENGARUH SIGNIFICANT IMPACT ON COMPANY SIGNIFIKAN TERHADAP KINERJA PERFORMANCE PERUSAHAAN Sepanjang tahun 2017, tidak ada dampak yang There was no significant impact due to the signifikan terhadap Perseroan dan laporan changes in laws and regulations on the Company keuangan terkait perubahan peraturan dan and its financial statements in 2017. perundang-undangan.
PERUBAHAN KEBIJAKAN AKUNTANSI YANG CHANGES IN ACCOUNTING POLICIES DITERAPKAN PADA TAHUN BUKU TERAKHIR IMPLEMENTED IN THE LAST FISCAL YEAR Laporan keuangan konsolidasian telah disajikan The presentation of the Company’s Consolidated sesuai dengan Standar Akuntansi Keuangan di Financial Statements has been adjusted to Indonesia yang mencakup Pernyataan Standar the prevailing Financial Accounting Standards Akuntansi Keuangan dan Interpretasi Standar in Indonesia, including the Statements and Akuntansi Keuangan yang dikeluarkan oleh Interpretations of Financial Accounting Standard, Dewan Standar Akuntansi Keuangan Ikatan issued by the Board of Financial Accounting Akuntan Indonesia. Standards of the Indonesian Institute of Accountants.
Penerapan dari perubahan interpretasi standar The implementation of changes in the akuntasi berikut yang berlaku efektif sejak tanggal interpretations of accounting standard, which 1 Januari 2017, tidak menyebabkan perubahan were effective since 1 January 2017, did not signifikan atas kebijakan akuntansi Perusahaan result in significant changes on the Company’s dan tidak memberikan dampak yang material accounting policies or provided material impacts terhadap jumlah yang dilaporkan di laporan on the amount reported in the consolidated keuangan konsolidasian tahun berjalan. financial statements for the year.
Adapun perubahan kebijakan akuntansi yang Several accounting policies implemented in 2017 diterapkan pada tahun 2017, sebagai berikut: were as follows: • Amandemen PSAK 1 “Penyajian Laporan • Amendment to PSAK 1 “Presentation of Keuangan” Financial Statements”
126 • PSAK 3 (revisi 2016) “Laporan Keuangan • PSAK 3 (revised 2016) “Interim Financial Interim” Statement” • PSAK 24 (revisi 2016) “Imbalan Kerja” • PSAK 24 (revised 2016) “Employee Benefits” • PSAK 58 (revisi 2016) “Aset Tidak Lancar • PSAK 58 (revised 2016) “Non-current Assets yang Dimiliki untuk Dijual dan Operasi yang Held for Sale and Discontinued Operation” Dihentikan” • PSAK 60 (revisi 2016) “Instrumen Keuangan: • PSAK 60 (revised 2016) “Financial Instruments: Pengungkapan” Disclosure” • ISAK 31 “Interpretasi atas Ruang Lingkup PSAK • ISAK 31 “Interpretation on the Scope of PSAK 13 : Properti Investasi” 13 : Investment Property” • ISAK 32 “Definisi dan Hierarki Standar Akuntansi • ISAK 32 “Definition and Hierarchy of Financial Keuangan” Accounting Standards”
ASPEK PEMASARAN MARKETING ASPECT
Strategi Pemasaran Marketing Strategy Guna meraih peluang yang ada, Perseroan To seize the existing opportunities, the Company menerapkan beberapa strategi pemasaran implements several marketing strategies in a secara berkelanjutan dengan lebih aktif sustainable manner by aggressively organizing menyelenggarakan promosi baik melalui media promotions, either through printed media, cetak maupun menyelenggarakan event-event. or through events. The main focus of the Fokus utama juga dilakukan Perseroan yang Company is directed on the creation of better mengarah pada penciptaan inovasi-inovasi business innovations so as to continuously bisnis, agar dapat menghasilkan kinerja prima produce premium performance in order to seize yang berkesinambungan sehingga peluang opportunity for growth. pertumbuhan dapat diraih.
Selain itu, Perseroan juga melakukan ekspansi ke Moreover, the Company also expanded its wilayah-wilayah baru dengan fokus bisnis kepada business to various new tourism destinations with pengembangan mixed-use properties yang terdiri the primary focus on the development of mixed- dari hotel, pusat perbelanjaan, dan apartemen. use properties, consisting of hotel, shopping center and apartment.
Pangsa Pasar Market Share Pasar utama Perseroan tersebar di berbagai The primary market share of the Company is wilayah di Indonesia yang menjadi pusat bisnis spread across various regions in Indonesia that dan tujuan wisata, seperti Bali, Batam, Jakarta, become the business centers as well as tourism Yogyakarta, Bandung, Manado dan Balikpapan, destinations, such as Bali, Batam, Jakarta, dengan Pendapatan Usaha pada tahun 2017 Yogyakarta, Bandung, Manado and Balikpapan, mencapai Rp595.692.044.724. with Total Revenues of Rp595,692,044,724 recorded in 2017.
PROSPEK USAHA BUSINESS OUTLOOK Dalam Laporan tiga tahun Pemerintahan Jokowi In the three-year report of Jokowi’s Government, disebutkan bahwa tahun 2017 merupakan tahun it is stated that 2017 was the year of work to kerja dalam rangka pemerataan ekonomi setelah create economic equity following the period
127 masa percepatan dan peletakan fondasi Nawacita of acceleration and foundation laying for the di awal pemerintahan Jokowi. Melalui paket-paket Nawacita concept declared at the beginning of kebijakan ekonomi, pemerintah berkomitmen Jokowi’s administration. Through the economic untuk menciptakan pusat pertumbuhan ekonomi stimulus packages, the government is committed baru dan peningkatan produktivitas. to realizing new centers of economic growth and increasing productivity.
Pemerintah Indonesia mengakui bahwa ada lima The Government of Indonesia acknowledges that indikator yang menjadi tolok ukur keberhasilan there are five indicators that serve as a benchmark kinerjanya yakni: for the success of its performance, namely: • Stabilitas pertumbuhan ekonomi pada kisaran • Stability of economic growth within the range 5% semasa pemerintahan Jokowi. of 5% during Jokowi’s administration. • Inflasi yang terkendali pada kisaran 3% • Controlled inflation within the range of 3% • Penurunan ketimpangan pendapatan • Decrease in income inequality • Penurunan tingkat pengangguran • Decrease in unemployment rate • Peningkatan daya saing global • Improved global competitiveness
Selain itu, Pada tahun 2017 Indonesia dikategorikan In 2017, Indonesia managed to be categorized as sebagai negara dengan peringkat Layak Investasi one of the countries with a Specialized Investment Khusus penilaian oleh Standard and Poor’s (S&P) Worth rating by Standard and Poor’s (S&P) while dan program Wonderful Indonesia mendapatkan the Wonderful Indonesia program succeeded in 21 penghargaan dari 10 negara. obtaining 21 awards from 10 countries.
Kinerja pemerintah tersebut berdampak pada These Government’s efforts provide an impact industri pariwisata nasional sehingga dari tahun on the national tourism industry; so that over ke tahun sektor pariwisata terus menjadi andalan the years, the tourism sector continues to be Pemerintah dalam memberikan kontribusi positif the mainstay of the Government in creating untuk menggerakkan perekonomian nasional. positive contribution to drive domestic economy. Dengan berbagai upaya komprehensif, mulai dari Through various comprehensive efforts, ranging peningkatan pelayanan hingga promosi destinasi- from service upgrades to the promotion of destinasi baru pariwisata, maka daya saing new tourism destinations, the nation’s tourism pariwisata kita pun terus membaik. competitiveness continues to improve.
Dengan menggeliatnya industri pariwisata, maka Along with the rising tourism industry, the kinerja Perseroan semakin baik. Perseroan yakin Company’s performance is getting better. dapat menghadapi tahun 2018 melalui berbagai The Company is optimistic to be able to face kebijakan strategis serta target peningkatan kinerja 2018 through various strategic policies ready akan mampu meningkatkan performa Perseroan. to be implemented, as well as performance Perseroan juga optimis dapat menciptakan improvement targets which will spur the pertumbuhan pada angka yang realistis di masa Company’s personnel to leverage productivity. mendatang. In addition, the Company believes that it can maintain and improve its operations based on the realistic figures that have been established.
Di tengah menurunnya kinerja retail akibat In the midst of declining retail performance due berkembangnya bisnis e-commerce, Perseroan to the development of e-commerce business, tak terkena dampak atas hal tersebut. Perseroan the Company observes that such condition will
128 masih fokus pada target middle-up di setiap not have direct impact on its core business. The aktivitas usahanya karena segmen tersebut tak company will continue its focus on the middle-up berpengaruh pada sektor ritel. segment as the target, since this segmentation is not affected by the retail sector.
Optimisme Perseroan didukung oleh pertumbuhan The Company optimism is supported by the growth ekonomi dalam negeri serta pertumbuhan industri of domestic economy and tourism industry which pariwisata yang berdampak langsung pada has a direct impact on the hospitality sector. The sektor perhotelan yang diperkirakan mengalami Company expects that this sector will experience peningkatan karena didorong oleh jumlah improvement due to the rising number of foreign wisatawan asing maupun domestik yang datang. and domestic tourists visiting Indonesia’s tourism destinations in the following year.
INFORMASI KELANGSUNGAN USAHA INFORMATION ON BUSINESS CONTINUITY
Hal-Hal yang Berpotensi Berpengaruh Issues with Potentials to Significantly Signifikan terhadap Kelangsungan Usaha Influence Company Business Continuity Perseroan Kondisi perekonomian dalam negeri berperan The domestic economic condition plays a penting terhadap pertumbuhan bisnis sektor crucial role in supporting the business growth perhotelan. Pada tahun 2017, pertumbuhan of hospitality sector. In 2017, the domestic ekonomi Indonesia tercatat sebesar 5,07% economy grew to the level of 5.07%, showing an mengalami kenaikan dibandingkan pada tahun increase in comparison to the growth of 2016 at 2016 yang mencapai 5,03%. Selain itu, terjadinya 5.03%. Natural disasters occurring throughout beberapa bencana alam yang melanda Indonesia, the year, such as the eruption of Mount Agung, khususnya pada peristiwa meletusnya Gunung also provided less-than-positive impact on the Agung telah cukup memberikan pengaruh Company’s performance. terhadap kinerja Perseroan.
Di tengah tahun yang penuh tantangan, Nonetheless, amidst this challenging year, Perseroan berhasil membukukan Laba Bersih the Company’s Profit for the Year reached sebesar Rp147.427.151.843, turun 18,80% atau Rp147,427,151,843, while in 2016 was recorded at sebesar Rp34.139.591.017 dibandingkan dengan Rp181,566,742,860 billion compared, or a decrease tahun sebelumnya sebesar Rp181.566.742.860. of 18.80% or Rp34,139,591,017. Fortunately, due Pertumbuhan ekonomi nasional diperkirakan to the recovery occurring in domestic economy, it terus mengalami peningkatan. Hal ini tentunya is predicted that the Company’s performance and akan berpengaruh positif pada kinerja dan business will also positively improve in years to kelangsungan usaha Perseroan. Meski demikian, come. To that end, the Company’s management manajemen Perseroan meyakini bahwa tidak is of the opinion that there are no issues that terdapat hal-hal yang berpotensi berpengaruh have the potential to significantly influence the signifikan terhadap kelangsungan usaha Company’s business continuity. Perseroan.
Assessment Manajemen atas Hal-Hal Management Assessment on Issues with yang Berpengaruh Signifikan terhadap Significant Influence on Company Business Kelangsungan Usaha Perseroan Continuity
129 Manajemen telah melakukan penilaian atas The management has assessed the Company’s kemampuan Perseroan untuk melanjutkan capacity to sustain its business and believes kelangsungan usahanya dan berkeyakinan that the Company has the resources to improve bahwa Perseroan memiliki sumber daya untuk its business in the future. The management is melanjutkan usahanya di masa mendatang. unaware of any material uncertainty that can Selain itu, manajemen tidak melihat adanya cause significant doubts on the Bank’s ability ketidakpastian material yang dapat menimbulkan to maintain its operations. To that end, the keraguan yang signifikan terhadap kemampuan consolidated financial statements have been Bank untuk mempertahankan kelangsungan prepared on the basis of sustainable business of hidupnya. Oleh karena itu, laporan keuangan the Company. konsolidasian telah disusun atas dasar usaha yang berkelanjutan.
Asumsi yang Digunakan Manajemen dalam Assumptions Used by Management in Melakukan Assessment Conducting Assessment Beberapa faktor yang menjadi pertimbangan Several factors that are taken into account by the manajemen dalam melakukan assessment management in assessing the Company’s business terhadap kelangsungan usaha meliputi kinerja continuity encompass financial performance, keuangan, solvabilitas, masalah internal, serta solvency, internal issues, and legal cases. perkara hukum.
130 131 132 Tata Kelola Perusahaan Good Corporate Governance
DASAR DAN TUJUAN PENERAPAN TATA KELOLA PERUSAHAAN YANG BAIK BASIS AND PURPOSE OF GOOD CORPORATE GOVERNANCE IMPLEMENTATION
Tata kelola perusahaan yang baik atau Good Good Corporate Governance is an essential el- Corporate Governance merupakan elemen ement that directs and governs the Company in penting yang mengarahkan dan mengendalikan order to provide added values for all stakeholders Perseroan agar memberikan nilai tambah bagi and become the leading company in the nation. seluruh pemangku kepentingan dan menjadi For the Company, Good Corporate Governance perusahaan terbaik. Bagi Perseroan, Good serves as a standard tool aiming at improving the Corporate Governance menjadi perangkat standar image, efficiency, effectiveness and social respon- yang bertujuan untuk memperbaiki citra, efisiensi, sibility of the Company. The structure of Compa- efektivitas dan tanggung jawab sosial Perusahaan. ny’s Good Corporate Governance system is con- Perseroan mengembangkan struktur sistem Good tinuously developed as well in order to elevate the Corporate Governance yang dapat meningkatkan Company’s values so as to be more competitive nilai Perseroan yang kompetitif dan berkualitas. and qualified. In implementing Good Corporate Penerapan Good Corporate Governance Perseroan Governance in its business, the Company refers mengacu pada: to: • Undang-Undang Republik Indonesia Nomor 40 • Law of the Republic of Indonesia No. 40 of Tahun 2007 Tentang Perseroan Terbatas 2007 regarding Limited Liability Companies • Undang-Undang Republik Indonesia Nomor 14 • Law of the Republic of Indonesia No. 14 of Tahun 2008 Tentang Keterbukaan Informasi 2008 regarding Information Disclosure
Perseroan senantiasa menerapkan best practices The Company continuously implements the best secara konsisten sehingga berimplikasi positif practices of Good Corporate Governance so bagi Perseroan demi memberikan nilai lebih. as to have positive impact on its operations and Nilai lebih tersebut diciptakan melalui sikap dan business in order to provide added values. These perilaku yang sejalan dengan budaya Perusahaan; added values are created through behavior and memberikan pelayanan prima, inovatif, efisien attitude that are in line with Company’s culture dan efektif; menyelenggarakan riset dan so that the Company can provide premium, in- pengembangan bisnis yang tepat; menyediakan novative, effective and efficient services; conduct sistem pengendalian internal yang dapat menjamin proper business research and development; pro- akuntabilitas; menciptakan iklim usaha yang sehat; vide internal control system that can guarantee serta senantiasa memelihara keberlanjutan bisnis accountability; and create sound business climate Perseroan. and maintain the Company’s business in a sustain- able manner.
133 PRINSIP-PRINSIP TATA KELOLA PERUSAHAAN GOOD CORPORATE GOVERNANCE PRINCIPALS
Transparansi Transparency Perseroan menerapkan prinsip transparansi de The Company implements transparency principle ngan menyediakan sarana komunikasi yang efektif by providing effective and responsive communi- dan responsif dalam memperoleh informasi me cation methods in acquiring information about ngenai perusahaan, sehingga seluruh Pemangku the Company. By doing so, all stakeholders may Kepentingan mampu memahami kinerja dan tin- study the Company’s performance and actions. dakan Perseroan.
Akuntabilitas Accountability Perseroan menerapkan prinsip akuntabilitas de The Company implements accountability princi- ngan mengoptimalkan kinerja dan peran setiap ple by optimizing performance and roles of each individu Perseroan sehingga seluruh aksi dan individual for an effective and efficient Company’s kegiatan Perseroan berjalan dengan efektif dan actions and activities. efisien.
Pertanggungjawaban Responsibility Perseroan menerapkan prinsip pertanggung- The Company implements responsibility principle jawaban dengan bertanggung jawab terhadap by taking responsibility to the public and the en- masyarakat dan lingkungan terkait, mematuhi vironment, complying with the prevailing regula- peraturan yang berlaku, serta menghindari sega- tions and avoiding any transaction that disadvan- la transaksi yang dapat merugikan pihak ketiga tage any third party or other parties outside of the maupun pihak lain di luar ketentuan yang telah di stipulated regulations. sepakati.
IndependenSI Independency Perseroan menerapkan prinsip independensi de The Company implements independency prin- ngan mengelola peran dan fungsi yang dimiliki ciple by managing its roles and functions inde- secara mandiri tanpa ada tekanan dari pihak mana pendently, without pressure from other parties pun yang tidak sesuai dengan peraturan yang ber- that violates the prevailing regulations and the laku dan prinsip serta tata nilai perusahaan. company’s principles and ethic codes.
Kewajaran dan Kesetaraan Fairness and Equality Perseroan menerapkan prinsip kesetaraan dengan The Company implements equality principle by memperhatikan hak setiap Pemangku Kepenting taking into account the stakeholders’ rights in an secara adil sesuai dengan peraturan per accordance with the prevailing regulations. The undang-undanganyang berlaku. Perseroan me- Company implements fairness principle by meet- nerapkan prinsip kewajaran dengan memenuhi ing the stakeholders’ rights, in consideration of hak setiap Pemangku Kepentingan dengan tetap the company’s rules and regulations. memperhatikan kaidah dan peraturan perusahaan.
134 Penilaian Penerapan TATA KELOLA PERUSAHAAN Untuk Tahun Buku 2017 ASSESSMENT OF Good Corporate Governance IMPLEMENTATION IN 2017 FISCAL YEAR Prosedur Penilaian Assessment Procedures Sebagai bagian dari proses penerapan Good Cor- As a part of sustainable implementation process of porate Governance yang berkelanjutan, Perseroan Good Corporate Governance, the Company con- melaksanakan assessment penerapan Good Cor- ducts assessment on its implementation of Good porate Governance dari tahun ke tahun, baik yang Corporate Governance annually, either through dilakukan oleh konsultan independen maupun self-assessment or by utilizing the service on an self assessment. Assessment tersebut dilakukan independent consultant. Such assessment is per- dalam rangka memperoleh gambaran mengenai formed in order to obtain understanding on the kondisi penerapan Good Corporate Governance condition of Good Corporate Governance imple- terhadap praktik terbaik di lingkungan Perseroan mentation in regard to its best practices within the serta mengidentifikasi bidang-bidang yang me- Company as well as to identify the fields requiring merlukan perbaikan lebih lanjut. further improvement.
Kriteria yang Digunakan dan Pihak Assessment Criteria and Assessors yang Melakukan Assessment Penilaian penerapan Good Corporate Govern- Assessment of Good Corporate Governance im- ance Perseroan dilakukan secara internal (self plementation in the Company is conducted in- assessment) berdasarkan kriteria yang digunakan ternally (self-assessment) using criteria that refer sesuai dengan Peraturan Otoritas Jasa Keuangan to the Regulation of Financial Services Authority No. 21 tahun 2015 tentang Penerapan Pedoman No. 21 of 2015 on Implementation of Governance Tata Kelola Perusahaan Terbuka. Guidelines for Public Companies.
Hasil Penilaian Penerapan Tata Kelola Perusahaan Result of Good Corporate Governance Implementation Assessment
Capaian / Achievement Bobot / Penjelasan / No Aspek Tata Kelola / Governance Aspect Skor / Value (%) Description Score I Komitmen Terhadap Penerapan Tata Kelola 35% 85 29,75 Baik / Good secara Berkelanjutan / Commitment to Sustainable Good Corporate Governance Implementation II Pemegang Saham dan RUPS/Pemilik Modal 30% 80 24 Baik / Good / Shareholders and GMS/Investors
III Dewan Komisaris/Dewan Pengawas / Board 10% 80 8 Baik / Good of Commissioners/Supervisory Board
IV Direksi / Board of Directors 10% 80 8 Baik / Good
V Pengungkapan Informasi dan Transparansi 10% 85 8,50 Baik / Good / Information Disclosure and Transparency
VI Faktor Lainnya / Other Factors 5% 80 4 Baik / Good
Total 100,00 82,25 Baik / Good
135 Berdasarkan hasil Assessment Good Corporate Based on the results of Good Corporate Govern- Governance, penerapan Good Corporate Gov- ance Assessment, the Company’s Good Corpo- ernance Perseroan pada tahun buku 2017 mem- rate Governance implementation in the 2017 fis- peroleh skor Good Corporate Governance sebe- cal year obtained a score of 82 (out of the perfect sar 82,25 (100 merupakan nilai sempurna). Hal ini score of 100). This proves that the Company con- membuktikan bahwa Perseroan secara konsisten sistently applies the principles of Good Corporate terus menerapkan prinsip-prinsip Good Corpo- Governance and always strives to make innova- rate Governance di Perseroan dan selalu berupaya tions in the field of Good Corporate Governance. untuk melakukan inovasi-inovasi di bidang Good Corporate Governance.
Rekomendasi Recommendation Assessment terhadap penerapan Good Corpo- Assessment on Good Corporate Governance im- rate Governance di Perseroan menjadi masukan plementation in the Company becomes an im- yang penting bagi penerapan Good Corporate portant input for the implementation of Good Governance pada masa yang akan datang. Pener- Corporate Governance in the future. Good Cor- apan Good Corporate Governance menjadi lebih porate Governance implementation becomes bermakna dan rencana perbaikan/penyempur- more meaningful and its improvement plan is naannya senantiasa dilakukan secara berkala. Tin- always conducted regularly. Follow-up of action dak lanjut atas rencana aksi yang didasari dengan plan that is based on the commitment of all re- komitmen semua pihak terkait akan meningkat- lated parties will improve performance and good kan performance dan good corporate image PT corporate image of PT Indonesian Paradise Prop- Indonesian Paradise Property Tbk. erty Tbk.
STRUKTUR TATA KELOLA GOVERNANCE STRUCTURE
Sesuai dengan Undang-undang No. 40 tahun Pursuant to the Chapter I, Article I of Law No. 40 2007 Bab I Mengenai Ketentuan Umum Pasal 1, of 2007 regarding General Provision, the Compa- Organ Perseroan terdiri dari Rapat Umum Pe- ny’s organs consist of General Meeting of Share- megang Saham, Dewan Komisaris dan Direksi. holders, Board of Commissioners and Board of Directors. • Rapat Umum Pemegang Saham adalah organ • General Meeting of Shareholders is an organ Perseroan yang mempunyai wewenang yang of the Company with an authority that is not tidak diberikan kepada Direksi atau Dewan granted to the Board of Directors and Board of Komisaris dalam batas yang ditentukan dalam Commissioners within the limit set in the Laws Undang Undang dan/atau Anggaran Dasar. and/or Articles of Association. • Dewan Komisaris adalah organ Perseroan • Board of Commissioners is an organ of the yang bertugas melakukan pengawasan secara Company with a function to conduct general umum dan/atau khusus sesuai dengan Angga- and/or specific supervision in accordance with ran Dasar serta memberi saran kepada Direksi. the Articles of Association and to provide ad- vice to the Board of Directors. • Direksi adalah organ Perseroan yang ber- • Board of Directors is an organ of the Compa- wenang dan bertanggung jawab penuh atas ny with the full authority and responsibility for pengurusan Perseroan untuk kepentingan Per- managing the Company, for the Company’s
136 seroan, sesuai dengan maksud dan tujuan Per- interest in accordance with its objectives and seroan serta mewakili Perseroan, baik di dalam purposes, and for representing the Company maupun di luar pengadilan sesuai dengan ke both inside and outside the court in accord- tentuan Anggaran Dasar. ance with the Articles of Association.
RAPAT UMUM PEMEGANG SAHAM GENERAL MEETING OF SHAREHOLDERS
Rapat Umum Pemegang Saham merupakan or- General Meeting of Shareholders is the Compa- gan Perseroan menjadi wadah Para Pemegang ny’s instruments that serves as a medium for the Saham untuk mengambil keputusan penting yang shareholders to make important decision on the berkaitan dengan operasional Perseroan, dengan Company’s operations. The decision-making memerhatikan ketentuan Anggaran Dasar Perse- process is conducted by taking into account the roan dan peraturan perundang-undangan, ter Company’s Articles of Association and the regu- utama Peraturan Otoritas Jasa Keuangan Nomor lations, particularly Financial Services Authority 32/POJK.04/2014 tentang Rencana Dan Penye- Regulation Number 32/POJK.04/2014 on the Plan lenggaraan Rapat Umum Pemegang Saham Pe- and Holding of General Meeting of Sharehold- rusahaan Terbuka. Keputusan yang diambil da- ers for Public Companies. Decisions made in the lam Rapat Umum Pemegang Saham didasarkan General Meeting of Shareholders are based on the pada kepentingan usaha Perseroan dalam jangka Company’s business interests in the long term. panjang.
Pada tahun 2017, Perseroan menyelenggarakan On 12 May 2017, the Company convened Annual Rapat Umum Pemegang Saham Tahunan yang General Meeting of Shareholders at HARRIS Hotel, dilaksanakan pada tanggal 12 Mei 2017 bertempat Tebet – Jakarta, Jalan Doktor Saharjo nomor 191, di HARRIS Hotel, Tebet – Jakarta, Jalan Doktor Jakarta 12960. Saharjo nomor 191, Jakarta 12960.
KEPUTUSAN RAPAT UMUM PEMEGANG Resolutions of 2017 Annual General SAHAM TAHUNAN TAHUN 2017 Meeting of Shareholders
Selama tahun 2017, Perseroan telah mengadakan During 2017, the Company has convened one An- satu kali Rapat Umum Pemegang Saham Tahunan nual General Meetings of Shareholders which has yang telah dinyatakan dan diaktakan di hadapan been stated and notarized before a Notary in the Notaris melalui berita acara sebagai berikut: following records:
1. Akta Berita Acara Rapat Umum Pemegang Sa- 1. Deed of Minutes of Annual General Meeting of ham Tahunan No. 71, tanggal 12 Mei 2017, di Shareholders No. 71, dated 12 May 2017, drawn buat dihadapan Doktor Irawan Soerodjo, SH., up before Doktor Irawan Soerodjo, SH., MSi., MSi., Notaris di Jakarta. Notary in Jakarta.
Akta secara garis besar mengatur dan menyetu- The deed regulates and approves the following jui hal-hal sebagai berikut: points: • Persetujuan dan pengesahan Laporan Ta- • Approval and validation of the Company’s hunan Perseroan tahun buku 2016, ter- Annual Report for 2016 fiscal year, includ-
137 masuk Laporan Kegiatan Perseroan, Lapo- ing Report on the Company’s Activity, Re- ran Tugas Pengawasan Dewan Komisaris port Board of Commissioners Supervisory dan Laporan Keuangan tahun buku 2016 Duties and Financial Statements for 2016 dan pembebasan tanggung jawab sepenuh- fiscal year, as well as the granting of full re- nya (acquit et de charge) kepada Direksi dan lease and discharge (acquit et de charge) to Dewan Komisaris Perseroan. Board of Directors and Board of Commis- • Penetapan penggunaan laba bersih tahun sioners. buku 2016. • Determination of net profit usage for 2016 • Penentuan gaji, honorarium dan tunjangan fiscal year. lainnya bagi anggota Direksi dan Dewan • Determination of salary, honorarium and Komisaris. other allowances for members of Board of • Penunjukan Akuntan Publik Independen Directors and Board of Commissioners. yang akan mengaudit laporan keuangan • Appointment of Independent Public Ac- dan pemberian wewenang kepada Direksi countant that will audit financial statements Perseroan untuk menetapkan honorarium and authority granting to Board of Directors Akuntan Publik Independen tersebut serta to determine the honorarium for Independ- persyaratan lainnya. ent Public Accountant and other require- • Penyajian laporan realisasi penggunaan ments. dana Penawaran Umum Terbatas I kepada • Presentation of the report on the use of para pemegang saham. proceeds from Right Issue I to the Share- holders.
Keputusan Rapat Umum Pemegang Resolutions of the 2016 Annual Saham Tahunan Tahun 2016 General Meeting of Shareholders Pada tahun 2016, agenda, keputusan dan realisa- The agenda, resolutions and realization of the res- si keputusan Rapat Umum Pemegang Saham Ta- olutions of the 2016 Annual General Meeting of hunan 2016 adalah sebagai berikut: Shareholders are as follows:
Realisasi / Agenda dan Keputusan / Agenda and Resolution Realization Persetujuan dan pengesahan Laporan Tahunan Perseroan tahun buku 2015, termasuk Laporan Kegiatan Perseroan, Laporan Tugas Pengawasan Dewan Komisaris dan Laporan Keuangan tahun buku 2015 dan pembebasan tanggung jawab sepenuhnya (acquit et de charge) kepada Direksi dan Dewan Komisaris Perseroan. Approval and validation of the Company’s Annual Report for 2015 fiscal year, Terealisasi including Report on Company Activities, Report on Board of Commissioners Realized Monitoring Duties and Financial Statements for 2015 fiscal year and the granting of full release and discharge (acquit et de charge) to the Board of Directors and Board of Commissioners.
Penetapan penggunaan laba bersih tahun buku 2015. Terealisasi Determination of net profit usage for 2015 fiscal year. Realized
Penunjukan Akuntan Publik Inpenden yang akan mengaudit laporan keuangan dan pemberian wewenang kepada Direksi Perseroan untuk menetapkan honorarium Akuntan Publik Independen tersebut serta persyaratan lainnya. Terealisasi Appointment of Independent Public Accountant that will audit financial statements Realized and authority granting to Board of Directors to determine the honorarium for Independent Public Accountant and other requirements.
138 Penentuan gaji, honorarium dan tunjangan lainnya bagi anggota Direksi dan Dewan Komisaris. Determination of salary, honorarium and other allowances for the members of Board Terealisasi of Directors and Board of Commissioners. Realized
Laporan Realisasi Penggunaan Dana Penawaran Umum Terbatas I Report on the Realization of Use of Proceeds from Rights Issue I Terealisasi Realized
Sedangkan realisasi keputusan Rapat Umum Pe- Meanwhile the realization of resolutions of 2016 megang Saham Luar Biasa pada tahun 2016 ada- Extraordinary General Meeting of Shareholders is lah sebagai berikut: as follows:
Realisasi / Agenda dan Keputusan / Agenda and Resolution Realization Menjadikan jaminan utang kekayaan Perseroan yang merupakan lebih dari 50% (lima puluh persen) jumlah kekayaan bersih Perseroan dalam 1 (satu) transaksi atau lebih, baik yang berkaitan satu sama lain maupun tidak. Terealisasi To encumber the Company’s net asset with value of more than 50% (fifty percent) of Realized the Company’s net asset in 1 (one) transaction or more which either correlates or does not correlate with each other.
DEWAN KOMISARIS BOARD OF COMMISSIONER
Dewan Komisaris merupakan organ Perseroan Board of Commissioners is the Company’s yang mewakili Pemegang Saham. Dewan instrument that represents the shareholders. Board Komisaris bertanggung jawab dalam melakukan of Commissioners is responsible to monitor and pengawasan serta memberikan saran kepada provide advice to Board of Directors in engaging Direksi dalam menjalankan kegiatan kepengurusan the Company’s management activities pursuant Perseroan sesuai dengan Anggaran Dasar yang to the Articles of Association and regulations in ditetapkan dan peraturan perundang-undangan force. yang berlaku.
Dewan Komisaris juga berwenang dalam Board of Commissioners is also responsible mengawasi serta memastikan bahwa Direksi selalu to monitor and ensure that Board of Directors mengedepankan kepentingan Pemegang Saham puts forward the Shareholders’ interests and the dan kebutuhan Perseroan, serta memastikan Company’s needs and the effective and efficient terlaksananya prinsip-prinsip Tata Kelola implementation of Good Corporate Governance Perusahaan yang baik secara efektif dan efisien. principles.
Susunan Anggota Dewan Komisaris Composition of Board of Commissioners Dewan Komisaris diangkat melalui Rapat Umum Board of Commissioners is appointed through the Pemegang Saham. Tercatat hingga 31 Desember General Meeting of Shareholders. As of 31 December 2017, komposisi Dewan Komisaris terdiri dari 2017, Board of Commissioners’ composition
139 seorang Presiden Komisaris, dengan 3 (tiga) consists of one President Commissioner and a orang anggota Komisaris. Adapun komposisi total of 3 (three) Commissioners. Based on Deed Dewan Komisaris Perseroan berdasarkan Akta of Meeting Resolution No. 144, dated 12 June Pernyataan Keputusan Rapat No. 144, tanggal 12 2015, drawn up before Dr. Irawan Soerodjo, Juni 2015, dibuat di hadapan Dr. Irawan Soerodjo, SH., MSi., Notary in Jakarta, of which the SH., MSi., Notaris di Jakarta, sebagaimana telah notification has been received by the Ministry diterima pemberitahuannya oleh Menteri Hukum of Justice and Human Rights through Receipt dan Hak Asasi Manusia melalui Surat Penerimaan of Notification of the Company’s Data Change Pemberitahuan Perubahan Data Perseroan No. No. AHU-AH.01.03-0941519, dated 15 June AHU-AH.01.03-0941519, tanggal 15 Juni 2015, 2015, the composition of Company’s Board of adalah sebagai berikut: Commissioners is as follows:
Nama / Name Jabatan / Position
Todo Sihombing Presiden Komisaris merangkap Komisaris Independen / President Commissioner cum Independent Commissioner
Hadi Cahyadi Wakil Presiden Komisaris merangkap Komisaris Independen / Vice President Commissioner cum Independent Commissioner
Amelia Gozali Komisaris / Commissioner
Karel Patipeilohy Komisaris / Commissioner
Pedoman atau Piagam (Charter) Guidelines or Charter of Board of Dewan Komisaris Commissioners Pelaksanaan tugas dan tanggung jawab Dewan The duties and responsibilities of Board of Komisaris mengacu Anggaran Dasar Perseroan Commissioners are conducted in reference to the serta peraturan perundang-undangan yang Company’s Articles of Association and prevailing berlaku dan menjadi Pedoman Tata Tertib Kerja laws and regulations, which serve as the Guidelines Dewan Komisaris. Pedoman Tata Tertib Kerja or Charter of Board of Commissioners. This charter Dewan Komisaris senantiasa disempurnakan is continuously improved and adjusted according dan disesuaikan sesuai dengan peraturan dan to the regulations that prevail in Indonesia and ketentuan yang berlaku di Indonesia yang binds each member of the Company’s Board of mengikat bagi setiap anggota Dewan Komisaris. Commissioners.
Pelaksanaan Tugas dan Tanggung Implementation of Board of Jawab Dewan Komisaris Commissioners Duties and Responsibilities Sesuai dengan Anggaran Dasar Perseroan serta Pursuant to the Articles of Association and peraturan terkait tata kelola perusahaan yang regulations of Good Corporate Governance, the baik, Dewan Komisaris bertugas untuk mengawasi Board of Commissioners functions to monitor tindakan Direksi dan memberikan nasihat kepada Board of Directors’ action and provide advice on Direksi terkait pengurusan operasional Perseroan. operational management.
Secara lebih terperinci, tugas pokok Dewan In details, Board of Commissioners’ key duties Komisaris Perseroan diatur dalam Undang- are regulated in Law No. 40 of 2007 on Limited
140 Undang Nomor 40 tahun 2007 tentang Perseroan Liability Companies, Regulation of Financial Terbatas, Peraturan Otoritas Jasa Keuangan Services Authorities No. 33/POJK.04/2014 on Nomor 33 /POJK.04/2014 tentang Direksi Dan Board of Directors and Board of Commissioners Dewan Komisaris Emiten Atau Perusahaan Publik of Issuers or Public Companies and Company’s dan Anggaran Dasar Perseroan. Anggaran Dasar Articles of Association. As stipulated in the Articles Perseroan sendiri mewajibkan Direksi untuk of Association, the Board of Directors must request meminta persetujuan terlebih dahulu dari Dewan for Board of Commissioners’ approval prior to Komisaris sebelum melakukan tindakan-tindakan performing significant and material actions. yang penting dan material. Pemberian persetujuan Approval granting from Board of Commissioners dari Dewan Komisaris tertuang dalam Persetujuan is stated in Board of Commissioners Approval, Dewan Komisaris yang khusus dibuat terkait hal which is particularly drafted for such purpose. tersebut.
Kebijakan Mengenai Penilaian Kinerja Performance Assessment Policy for Dewan Komisaris Board of Commissioners Penilaian kinerja Dewan Komisaris dilakukan The Board of Commissioners’ performance is dengan metode self assessment yang akan assessed using self-assessment method that is dilakukan setiap tahun. Kriteria penilaian yang conducted annually. Assessment criteria include digunakan adalah pengkajian pelaksanaan tugas reviewing the duties and responsibilities based on dan tanggung jawab berdasarkan pedoman kerja the Charter for Board of Commissioners. Dewan Komisaris.
Penilaian Kinerja Komite Di bawah Performance Assessment of Dewan Komisaris Committees Under Board of Commissioners Perseroan memiliki komite yang bertugas The Company has established several committees membantu pengawasan Dewan Komisaris, that are tasked to assist the supervisory function sepanjang 2017 komite sangat membantu Dewan of Board of Commissioners. In 2017, these Komisaris melalui saran dan rekomendasinya committees provided remarkable assistance untuk mengarahkan pengelolaan Perseroan. through their inputs and recommendations in Komite telah menjalankan tugasnya dengan baik directing the Company’s management. The berdasarkan pembahasan dalam rapat Dewan Committees have also conducted their duties Komisaris. properly based on the discussion in the meetings of Board of Commissioners.
KOMISARIS INDEPENDEN INDEPENDENT COMMISSIONER
Kriteria Criteria Anggota Komisaris Independen dipilih berdasarkan The Independent Commissioner is appointed kriteria sesuai dengan peraturan dan perundang- based on the criteria stipulated in accordance with undangan yang berlaku. Dari sisi kuantitas, jumlah the prevailing laws and regulations. In terms of Komisaris Independen Perseroan juga telah quantity, total Independent Commissioners in the memenuhi kriteria yang ditetapkan yakni sebanyak Company have met the set criteria, namely 30%,
141 paling kurang 30% dari total anggota Dewan at the minimum, of the total members of Board Komisaris. Berikut kriteria Komisaris Independen: of Commissioners. The criteria for Independent Commissioner are as follows: - tidak mempunyai saham baik langsung mau- - possess no shares, either directly or indirectly pun tidak langsung pada Perseroan; in the Company; - tidak mempunyai hubungan afiliasi dengan - have no affiliated with the Company, members Perseroan, anggota Dewan Komisaris, anggota of Board of Commissioners, Board of Directors Direksi, atau pemegang saham utama; dan or majority shareholders; and - tidak mempunyai hubungan usaha baik - have no business relations, either directly or langsung maupun tidak langsung yang ber- indirectly, with the Company’s business activi- kaitan dengan kegiatan usaha Perseroan. ties.
Pernyataan Independensi Independency Statement Komisaris Independen adalah anggota Dewan Independent Commissioner is a member of Board Komisaris yang berasal dari luar Perseroan of Commissioners who originates from outside dan memenuhi persyaratan sebagai Komisaris of the Company and meets the requirements for Independen sebagaimana dimaksud dalam Independent Commissioner as stipulated in the Peraturan Otoritas Jasa Keuangan. Financial Services Authority Regulation.
DIREKSI BOARD OF DIRECTORS
Direksi merupakan organ Tata Kelola Perusahaan Board of Directors is the Company’s instrument yang bertugas dan bertanggung jawab secara that collectively serves and takes responsibilities kolegial dalam melaksanakan pengurusan in managing the Company in accordance with the Perseroan sesuai dengan kepentingan dan tujuan Company’s interests and goals and to take actions Perseroan serta bertindak selaku pimpinan dalam as head of the management. pengurusan tersebut.
Susunan Anggota Direksi Composition of Board of Directors Berdasarkan Akta Pernyataan Keputusan Rapat Pursuant to the Deed of Meeting Resolution No. 15, tanggal 10 Juni 2016, komposisi Direksi No. 15, dated 10 June 2016, the composition of Perseroan pada tanggal 31 Desember 2017 adalah Company’s Board of Directors as of 31 December sebagai berikut: 2017 is as follows:
Nama / Name Jabatan / Position
Agoes Soelistyo Santoso Presiden Direktur / President Director
Anthony Prabowo Susilo Wakil Presiden Direktur / Vice President Director
Alexander Nartates Nartates Direktur Independen / Independent Director
Patrick Santosa Rendradjaja Direktur / Director
Diana Solaiman Direktur / Director
142 Pernyataan Mengenai Pedoman atau Statement on Guidelines or Charter Piagam (Charter) Direksi of Board Pelaksanaan tugas dan tanggung jawab Direksi The duties and responsibilities of Board of mengacu pada Anggaran Dasar Perseroan dan Directors are conducted in reference to the peraturan perundang-undangan yang berlaku Company’s Articles of Association and prevailing di Indonesia serta mengikat bagi setiap anggota laws and regulations, which bind each member Direksi. Hal itu menjadi Pedoman dan Tata Tertib of the Company’s Board of Directors. The Charter kerja Direksi yang harus dipatuhi dan dijalankan also serves as the Guidelines or Charter of Board of dengan penuh tanggung jawab. Directors that must be obeyed and implemented responsibly.
Tugas dan Tanggung Jawab Direksi Duties and Responsibilities of Board of Directors Secara umum, tugas dan tanggung jawab Direksi In general, the duties and responsibilities of Board adalah: of Directors are as follows: • Bertanggung jawab atas pengurusan Perse- • Being responsible for the management of the roan untuk kepentingan Perseroan sesuai dan Company, for the interest of the Company dalam mencapai maksud dan tujuan Perse- in accordance with and in order to attain the roan. goals and purposes of the Company. • Bertanggung jawab atas seluruh tindakan Per- • Being responsible for all actions of the Compa- seroan dan memiliki kuasa, kewenangan dan ny and having the power, authority and duties tugas yang melekat pada dirinya sesuai dengan that are incorporated in their positions in ac- hukum terkait dan Anggaran Dasar Perseroan. cordance with the related laws and Articles of • Memperhatikan kepentingan Perseroan se- Association. cara keseluruhan, termasuk para pemegang • Taking into account the overall interests of the saham, karyawan, pelanggan, serta tanggu- Company, including those of the shareholders, ng jawab sosial dan hukum Perseroan kepada employees, customers, and social responsibil- masyarakat tempat Perseroan beroperasi dan ity and legal aspect to the community and en- lingkungannya. vironment in which the Company operates. • Menerapkan Tata Kelola Perseroan yang baik • Implementing good corporate governance pada seluruh tingkat organisasi. within all organization levels. • Bertanggung jawab atas manajemen, dan pen- • Being responsible for the management and capaian kinerja Perseroan. performance achievement of the Company/ • Bertanggung jawab penuh atas manajemen • Having the full responsibility on risk manage- risiko dan untuk meninjau keefektifan sistem ment and the obligation to review the effec- pengendalian internal dan manajemen risiko. tiveness of internal control system and risk management. • Mewakili Perseroan di dalam dan di luar peng- • Representing the Company both inside and adilan. outside the court.
Ruang Lingkup Tugas dan Tanggung Scope of Duties and Responsibilities Jawab Masing-Masing Anggota Direksi of Each Member of Board of Directors
Agoes Soelistyo Santoso – Presiden Direktur Agoes Soelistyo Santoso – President Director
● Mengkoordinasikan semua fungsi Direksi. ● Coordinating all functions of the Board of Directors.
143 Anthony Prabowo Susilo Anthony Prabowo Susilo – Wakil Presiden Direktur – Vice President Director
● Bertanggung jawab atas pengawasan operasi ● Being responsible for monitoring the perusahaan & unit-unit usaha. operations of the Company and business units.
Alexander Nartates Nartates Alexander Nartates Nartates – Direktur Independen – Independent Director
● Bertanggung jawab dalam bidang Investor Re- ● Being responsible in the field of Investor lations & Business Development. Relations & Business Development.
Patrick Santosa Rendrajaja – Direktur Patrick Santosa Rendrajaja – Director
● Bertanggung jawab dalam bidang Project De- ● Being responsible in the field of Project velopment. Development.
Diana Solaiman – Direktur Diana Solaiman – Director
● Melakukan fungsi dan pengawasan dalam bi- ● Conducting the function and monitoring dang Keuangan dan Akuntansi. activity in the field of Finance and Accounting.
Kebijakan Perusahaan Tentang Performance Assessment Policy for Penilaian Terhadap Kinerja Anggota Members of Board of Directors Direksi Penilaian kinerja Direksi dilakukan dengan metode The Board of Directors’ performance is assessed self assessment yang akan dilakukan setiap using self-assessment method that is conducted tahun. Kriteria penilaian yang digunakan adalah annually. Assessment criteria include reviewing pengkajian pelaksanaan tugas dan tanggung jawab the duties and responsibilities based on the berdasarkan pedoman Direksi yang telah disusun guideline for Board of Directors drafted by the Perseroan, antara lain meliputi kinerja keuangan Company, which covers, among others, financial dan usaha, penerapan Tata Kelola Perseroan and business performance, implementation of yang baik dan kepatuhan atas peraturan yang Good Corporate Governance and compliance berlaku. Evaluasi tersebut, baik secara perorangan with the prevailing regulations. The assessment, maupun kolektif selanjutnya akan disampaikan both individually and collectively is then submitted kepada Dewan Komisaris untuk dievaluasi Dewan to the Board of Commissioners to be evaluated. Komisaris.
KEBERAGAMAN KOMPOSISI DEWAN Diversity in Board of Commissioners KOMISARIS DAN DIREKSI and Board of Directors Compositions
Seluruh anggota Dewan Komisaris dan Direksi All members of Board of Commissioners and Board mempunyai beragam keahlian, pengetahuan of Directors possess varied expertise, knowledge dan pengalaman yang dibutuhkan Perseroan. and experience required by the Company. Uraian kebijakan tertulis Perusahaan mengenai Policies on the diversity in the composition of keberagaman komposisi Dewan Komisaris dan Board of Commissioners and Board of Directors Direksi dalam keahlian, pengalaman, serta in terms of expertise, experience, and personal kualifikasi personal tercantum dalam Piagam qualifications are stipulated in the Charters of Dewan Komisaris dan Piagam Direksi . Board of Commissioners and Charters of Board of Directors
144 Informasi mengenai keberagaman komposisi Information on the diversity of Company’s Board Direksi dan Dewan Komisaris sebagai berikut: of Directors and Board of Commissioners is as follows:
JENIS JABATAN / PENDIDIKAN/BIDANG STUDI / PENGALAMAN KERJA / USIA / NAMA / NAME KELAMIN/ POSITION EDUCATION/FIELD OF STUDY WORK EXPERIENCE AGE GENDER
Todo Presiden Akademi Militer Nasional pada Mayor Jenderal TNI tahun 1965 sampai 77 Laki-laki / Sihombing Komisaris tahun 1961 – 1964. Pada 1976 dengan tahun 1997. Pada tahun 1994 tahun Male merangkap -1977 menempuh pendidikan – 1995 menjabat sebagai Koordinator / years Komisaris SESKOAD, selanjutnya menempuh Staf Ahli Panglima ABRI. Tahun 1995 old pendidikan SESKOGAB pada tahun – 1997 menjabat sebagai Wakil Ketua Independen 1981. Pada tahun 1987 menempuh Fraksi TNI DPR RI Koordinator Bidang / President pendidikan LEMHANAS, dan tahun umum. / Major General of National Commissioner 1992 menyelesaikan pendidikan di Military (TNI) in 1997. He served as an cum Independent Defense Resources Management Expert Staff Coordinator of Indonesian Commissioner Course (DRMC) / The National Military Commander in 1994 – Military Academy in 1961 – 1964, 1995, and as a Deputy Chairman for Army Command and Staff School Indonesian Military Fraction, General (SESKOAD) in 1976 – 1977 and at Affairs Coordinator, at the House of the Integrated Staff and Command Representatives (DPR RI) in 1995 – College (SESKOGAB) in 1981. 1997. In 1987, he graduated from the National Defense Institute (LEMHANAS) and in 1992 from the Defense Resources Management Course (DRMC)
Hadi Wakil Presiden Mendapatkan gelar Business Sarjana Akuntansi Universitas 51 Laki-laki / Cahyadi Komisaris Administration (MBA) dari University Tarumanagara / Bachelor’s degree tahun Male merangkap of Houston-Clear Lake serta gelar in Accounting from Tarumanagara / years Komisaris Master Degree in Corporate Law University old (MCL) dari Royal Melbourne Institute Mengawali karirnya tahun 1989 sebagai Independen / of Technology (RMIT) / Master of Auditor di Kantor Arthur Andersen, Vice President Business Administration (MBA) Jakarta. Beliau kemudian menempati Commissioner degree from University of Houston- berbagai posisi manajerial di bidang cum Independent Clear Lake and Master of Corporate keuangan termasuk di KPMG, Ernst Commissioner Law degree (MCL) from the Royal and Young dan Deloitte Touche dan Melbourne Institute of Technology meninggalkan jabatan terakhir beliau (RMIT) sebagai Partner di Management Consultant and Financial Advisory Services, Prijohandojo, Boentoro & Co. (PB&Co) sebelum akhirnya mendirikan Helios Capital. / His career started in 1989 when he worked as an auditor at Arthur Andersen Office, Jakarta. Since then, he served in several managerial positions in financial sector, including at KPMG, Ernst and Young, and Deloitte Touche. His latest position was as a Partner in Management Consultant and Financial Advisory Services, Prijohandojo, Boentoro & Co. (PB&Co) prior to establishing Helios Capital.
145 Amelia Komisaris / Mendapatkan gelar Bachelor of Mengawali karir tahun 2004 – 2005 33 Perempuan / Gozali Commissioner Business Administration, Marketing sebagai Marketing di Starbucks, tahun Female – Honors dari universitas of Jakarta; Phelps Group, Santa Monica, / years Southern California, Marshall CA; dan World Harvest, Arcadia, old School of Business, Los Angeles, CA CA. tahun 2006 -2007 bekerja di tahun 2006 / Bachelor of Business Merril Lynch, Global Private Wealth Administration degree, Marketing – Management, Beverly Hills, Los Honors, from University of Southern Angeles. Pada tahun 2007 – 2008, California, Marshall School of menjabat Business Analyst A.T. Kearney Business, Los Angeles, CA in 2006 Consultants, Jakarta. Sejak tahun 2014 menjabat CEO PT Pop Properti Indonesia yang bergerak di bidang manajemen ritel properti. / started her career in 2004 -2005 in the Marketing division at: Starbucks Jakarta; Phelps Group, Santa Monica, CA; and World Harvest, Arcadia, CA. In 2006 – 2007, she worked at Merril Lynch, Global Private Wealth Management, Beverly Hills, Los Angeles. In 2007 – 2008, she served as a Business Analyst at A.T. Kearney Consultants, Jakarta. Since 2014, she has been serving as the CEO of PT Pop Property Indonesia, a company that runs in property retail management sector.
Karel Komisaris / - Pada tahun 1979 -1998 menjabat 60 Laki-laki / Patipeilohy Commissioner sebagai Operation Manager PT tahun Male Schlumberger geophisic Nusantara / years dan PT Ometraco Realty. Tahun 1998 old – 2004 menjabat sebagai Direktur PT Inti Insan Santosa. Tahun 2001 – 2004 pernah menjabat sebagai Presiden Direktur PT Marina City Development, tahun 2004 – 2014 menjabat sebagai Presiden Direktur PT Senimba Bay Resort (dahulu PT Marina City Development). Dan tahun 2000 hingga sekarang menjabat sebagai Komisaris PT Sinar Harapan Persada. / In 1979 – 1998, he served as Operation Manager at PT Schlumberger Geophysics Nusantara and PT Ometraco Realty. In 1998 – 2004, he served as a Director at PT Inti Insan Santosa. In 2001 – 2004 he served as the President Director at PT Marina City Development, and in 2004 – 2014 as the President Director at PT Senimba Bay Resort (previously PT Marina City Development). Since 2000 he has been serving as a Commissioner at PT Sinar Harapan Persada.
Agoes Presiden Direktur Sarjana dari Fakultas Ekonomi, Dalam kurun waktu tahun 1985 – 56 Laki-laki / Soelistyo / President Universitas Katolik Parahyangan 1992 menjabat sebagai Finance & tahun Male Santoso Director tahun 1985 / Bachelor’s degree from Accounting Manager di beberapa / years Faculty of Economic of Parahyangan perusahaan, yaitu PT Daya Knitto, old Catholic university in 1985 Indomobil Group, dan Sinar Mas Group. Pada tahun 1992 – 1996 menjabat sebagai Direktur PT Budi Acid Jaya Tbk, tahun 1996 – 2000 menjabat sebagai Presiden Direktur PT Ometraco Corporation Tbk. Sejak tahun 2000 menjabat sebagai Direksi di berbagai perusahaan di bawah The Paradise group. / During the period of 1985 – 1992, he served as a Finance & Accounting Manager at several companies, namely PT Daya Knitto, Indomobil Group and Sinar Mas Group. In 1992 – 1996, he served as a Director at PT Budi Acid Jaya Tbk and as President Director at PT Ometraco Corporation Tbk in 1996 – 2000. He has been serving as a Director at several companies under The Paradise Group since 2000.
146 Anthony Wakil Presiden Bachelor of Science in Business Vice President di PT Principia 34 Laki-laki / Prabowo Direktur / Administration concentration Management Group (2008 – tahun Male Susilo Vice President in Finance and Accounting dari 2015), Vice President of Business / years Director Georgetown University, Washington Development di PT Cardig Air (2008 old D.C., USA – 2015), Director di PT Nusantara Steelmills Indonesia (2012 – 2015), Associate di Altus Shipping & Logistics Pte. Ltd. (Singapore) (2011 – 2013), Director di PT Gorda Prima Steelworks (2012 – 2015), serta Director di PT Sitasa Energi (2013 – 2015). / Vice President of PT Principia Management Group in 2008 – 2015, Vice President of Business Development of PT Cardig Air in 2008 – 2015, Director at PT Nusantara Steelmills Indonesia in 2012 – 2015, Associate at Altus Shipping & Logistics Pte. Ltd. (Singapore) in 2011 – 2013, Director at PT Gorda Prima Steelworks in 2012 – 2015, and Director at PT Sitasa Energi in 2013 – 2015.
Alexander Direktur Lulusan University of Santo Tomas Control Dept di Texas Instruments 64 Laki-laki / Nartates Independen/ tahun 1986 serta Colegio de San Philippines Inc., (1979 – 1988), tahun Male Nartates Independent Juan de Letran – Intramuros pada Corporate Finance and Corporate / years Director tahun 1975 / Graduated from the Affairs di PT Arwana Citramulia Tbk old University of Santo Tomas in 1986 ( 2002 – 2004), Head - Corporate and Colegio de San Juan de Letran Finance and Investor Relations di – Intramuros in 1975 PT Kawasan Industri Jababeka Tbk (2005 – 2014) serta Direktur PT Indonesian Paradise Property Tbk (2015-2016). / Control Department at Texas Instruments Philippines Inc. (1979 – 1988), Corporate Finance and Corporate Affairs at PT Arwana Citramulia Tbk (2002 – 2004), Head - Corporate Finance and Investor Relations at PT Kawasan Industri Jababeka Tbk (2005 – 2014) and Director of PT Indonesian Paradise Property Tbk (2015 up to present).
Patrick Direktur / Master of Science in Architecture Dalam kurun waktu tahun 1989 59 Laki-laki / Santosa Director dari Delft Technical University, – 2000 bekerja sebagai arsitek di tahun Male Rendradjaja Netherland tahun 1986 / Master Atelier 6 Group, Jakarta dan Project / years of Science degree in Architecture Coordinator Lippo City Development, old from Delft Technical University – the Jakarta; Ometraco Realty, Jakarta; Netherlands in 1986 serta Bentala Sanggrahan Group, Jakarta. Sejak tahun 1999 menjabat sebagai Direktur di berbagai perusahaan di bawah The Paradise Group. / In the period of 1989-2000, he worked as an Architect at Atelier 6 Group in Jakarta and as a Project Coordinator at Lippo City Development in Jakarta, Ometraco Realty in Jakarta and Bentala Sanggrahan Group in Jakarta. Since 1999 he serves as the Director for companies under The Paradise Group.
Diana Direktur / Master in Business Administration Dalam kurun waktu tahun 1992 – 2001 48 Perempuan / Solaiman Director dari Philippines Christian University, pernah menjabat sebagai Finance & tahun Female Manila tahun 1992 / Master’s degree Accounting di beberapa perusahaan / years in Business Administration from yaitu PT Putera Ometraco Electric old Philippine Christian University, dan PT Ometraco Corporation Tbk. Manila in 1992 / During the period of 1992 – 2001, she worked as a Finance & Accounting Manager at several companies such as PT Putera Ometraco Electric and PT Ometraco Corporation Tbk.
147 Remunerasi Dewan Komisaris REMUNERATION FOR BOARD OF COMMIS- Dan Direksi SIONERS AND BOARD OF DIRECTORS Remunerasi bagi anggota Dewan Komisaris dan Remuneration for members of Board of Direksi dilakukan dengan basis formula yang Commissioners and Board of Directors is ditetapkan oleh Rapat Umum Pemegang Saham calculated based on the formula stipulated in the serta telah melalui kajian oleh Dewan Komisaris General Meeting of Shareholders and through melalui pendalaman yang dilakukan oleh review by the Board of Commissioners and pemegang saham. shareholders.
PROSEDUR DAN PENETAPAN REMUNERASI PROCEDURES AND DETERMINATION OF DIREKSI BOARD OF DIRECTORS REMUNERATION Pada 2017, prosedur dan penetapan remunerasi Procedures and determination of remuneration Dewan Komisaris dan Direksi dilakukan for Board of Commissioners and Board of berdasarkan Pasal 96 ayat (1) Undang–undang Directors in 2017 are conducted based on Article Perseroan Terbatas No. 40 tahun 2007 yang 96 paragraph (1) of the Law of Limited Liability mengatur besarnya gaji dan tunjangan Direksi Company No. 40 of 2007 which stipulates that ditetapkan berdasarkan keputusan Rapat Umum the amount of salary and allowance for the Pemegang Saham. Kewenangan tersebut Board of Commissioners are to be determined berdasarkan Pasal 96 ayat (2) dapat dilimpahkan based on the Resolution of General Meeting of kepada Dewan Komisaris. Bentuk Tunjangan dan Shareholders. This authority can be granted to the Fasilitas, serta komponen lain yang termasuk Board of Commissioners pursuant to the article di dalam komponen penghasilan (selain gaji) 96 paragraph (2). The forms of Salary and Facilities mengacu pada ketentuan Pasal 113 Undang- as well as other components including in the Undang No. 40 tahun 2007 tentang Perseroan income composition (other than salary) refers to Terbatas, besarnya gaji dan tunjangan anggota the provisions of Article 113 of the Law No. 40 of Dewan Komisaris ditetapkan dalam Rapat Umum 2007 regarding Limited Liability Companies. The Pemegang Saham Perseroan melalui Akta Berita amount of salary and allowance for the members Acara Rapat Umum Pemegang Saham Tahunan of Board of Commissioners is determined by the No. 71, tanggal 12 Mei 2017, dibuat di hadapan General Meeting of Shareholders of the Company Dr. Irawan Soerodjo S.H., MSi., Notaris di Jakarta, through Deed of Minutes of General Meeting of untuk tahun buku yang berjalan dalam jumlah Shareholders No. 71, dated 12 May 2017, drawn yang sama dengan jumlah yang ditetapkan pada up before Dr. Irawan Soerodjo S.H., MSi., Notary tahun buku yang lalu dan/atau dengan kenaikan in Jakarta, for the current fiscal year, with the maksimal 10% (sepuluh persen) dari jumlah yang same amount as that of the previous fiscal year ditetapkan pada tahun buku yang lalu. Rapat and/or with an increase of 10% (ten percent) at tersebut juga memberikan kuasa dan wewenang the maximum of the set amount determined kepada Presiden Komisaris untuk menetapkan in the previous fiscal year. The meeting also dan mengatur alokasinya. granted power and authority to the President Commissioners to determine and regulate the allocation.
Penetapan remunerasi Direksi terdiri dari beberapa Determination of remuneration for Board komponen seperti: of Directors is composed of the following components: • Honorarium • Honorarium • Tunjangan • Allowance • Fasilitas • Facilities
148 • Tantiem/Insentif Kinerja • Tantiem/Performance Incentive • Indikator Kinerja • Performance Indicators
Remunerasi Dewan Komisaris dan Direksi Remuneration for the Board of Commissioners mengacu pada indikator-indikator sebagai and Board of Directors refers to the following berikut: indicators: - Remunerasi diberikan dalam hal perusahaan - Remuneration is given according to the memperoleh keuntungan dalam tahun buku profit received by the Company during the yang bersangkutan. concerned fiscal year. - Remunerasi diberikan dengan mengacu pada - Remuneration is given by referring to the perkembangan pasar properti. development in property market. - Remunerasi diberikan melalui hasil pengukuran - Remuneration is given based on the result of kinerja Dewan Komisaris dan Direksi yang performance measurement of the Board of sesuai dengan tugas dan tanggung jawab. Commissioners and Board of Directors that is in line with their duties and responsibilities. - Kinerja keuangan dan pencapaian Key - Financial performance and achievement of Key Performance Indicator (KPI) Perseroan. Performance Indicators (KPIs) of the Company. - Prestasi kerja individu. - Achievement of individual performance. - Kewajaran dengan peer Perseroan lainnya. - Fairness with other peer companies. - Pertimbangan sasaran dan strategi jangka - Consideration of the long-term targets and panjang Perseroan. strategies of the Company.
JUMLAH REMUNERASI DEWAN KOMISARIS AMOUNT OF BOARD OF COMMISSIONERS DAN DIREKSI AND BOARD OF DIRECTORS REMUNERATION Pada 2017, Perseroan memberikan kompensasi In 2017, the Company provided short-term jangka pendek kepada Dewan Komisaris sebesar compensation to the Board of Commissioners Rp4.179.470.500. Sementara, kompensasi jangka amounting to Rp4,179,470,500, meanwhile short- pendek yang diberikan kepada Direksi sebesar term compensation for the Board of Directors Rp6.027.825.000. Remunerasi tersebut telah reached Rp6,027,825,000. The remuneration disesuaikan dengan kinerja masing-masing pada given has been adjusted with their performance tahun buku. during the current fiscal year.
PELAKSANAAN RAPAT DEWAN KOMISARIS, MEETINGS OF BOARD OF COMMISSIONERS DIREKSI, SERTA RAPAT GABUNGAN DEWAN AND BOARD OF DIRECTORS, AND JOINT KOMISARIS DAN DIREKSI MEETINGS OF BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS Pada tahun 2017, Perseroan telah In 2017, the Company held the Board of menyelenggarakan rapat Dewan Komisaris Commissioners held 6 (six) meetings with sebanyak 6 kali dengan tingkat kehadiran masing- attendance rate of each member reaching masing anggota mencapai 100%, yang dihadiri 100%. The meetings of Board of Commissioners oleh Anggota Dewan Komisaris dan dipimpin were attended by all members of Board of oleh Presiden Komisaris. Sedangkan rapat Direksi Commissioners and chaired by the President sebanyak 13 (tiga belas) kali dengan tingkat Commissioner. Meanwhile, 13 (thirteen) Board of kehadiran masing-masing anggota mencapai Directors meetings with attendance rate of each 100% selama periode jabatan. member reaching 100% during their term of office.
149 Secara keseluruhan, rapat-rapat tersebut In general, the meetings discussed various matters membahas berbagai hal mengenai kinerja related to the Company’s performance during the Perseroan sepanjang tahun 2017. year. Rapat Dewan Komisaris / Board of Commissioners Meetings
Kehadiran / Tanggal / Date Agenda Attendance Laporan Keuangan Tahunan 2016 / 2016 Annual Financial Februari 2017 / February 2017 100% Report
Maret 2017 / March 2017 Laporan Tahunan 2016 / 2016 Annual Report 100%
April 2017 Laporan Keuangan 3 Bulanan / 3-month Financial Statements 100%
Juli 2017 / July 2017 Laporan Keuangan 6 Bulanan / 6-month Financial Statements 100%
Oktober 2017 / October 2017 Laporan Keuangan 9 Bulanan / 9-month Financial Statements 100%
Desember 2017 / December 2017 Annual Plan 2018 100%
Rapat Direksi / Board of Directors Meetings
Tanggal / Date Agenda Kehadiran / Attendance
Januari 2017 / January 2017 One Residence Batam 100%
Februari 2017 / February 2017 Project Sahid Kuta Lifestyle Resort 2 100%
Maret 2017 / March 2017 Hyatt Place and Residence 100%
April 2017 One Residence Batam 100%
Mei 2017 / May 2017 23 Paskal Extention 100%
Juni 2017 / June 2017 Renovation HARRIS Resort Waterfront Batam 80%
Juli 2017 / July 2017 One Residence Batam 80%
Agustus 2017 / August 2017 Project Sahid Kuta Lifestyle Resort 2 100%
September 2017 Hyatt Place and Residence 100%
Oktober 2017 / October 2017 23 Paskal Extention 100%
November 2017 One Residence Batam 100%
Desember 2017 / December 2017 All Project 100%
Desember 2017 / December 2017 Annual Plan 2018 100%
Rapat Gabungan Dewan Komisaris DAN Direksi BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS JOINT MEETINGS
Kehadiran / Tanggal / Date Agenda Attendance
Maret 2017 / March 2017 Laporan Tahunan 2016 / 2016 Annual Report 100%
April 2017 Laporan Keuangan 3 Bulanan / 3-month Financial Statements 100%
Juli 2017 / July 2017 Laporan Keuangan 6 Bulanan / 6-month Financial Statements 100%
Oktober 2017 / October 2017 Laporan Keuangan 9 Bulanan / 9-month Financial Statements 100%
Desember 2017 / December 2017 Annual Plan 2018 100%
150 PROGRAM PELATIHAN DAN TRAINING AND COMPETENCY PENGEMBANGAN KOMPETENSI DEWAN DEVELOPMENT PROGRAMS OF BOARD KOMISARIS DAN DIREKSI OF COMMISSIONERS AND BOARD OF DIRECTORS Secara khusus, Perseroan tidak memprogramkan The Company has not specifically programmed pelatihan baik untuk Dewan Komisaris dan Direksi. trainings for the Board of Commissioners and Namun untuk tetap mendapatkan informasi dan Board of Directors. However, to keep abreast of perkembangan terkini, Dewan Komisaris dan the information and development, the Board of Direksi secara aktif mengikuti berbagai seminar Commissioners and Board of Directors actively baik didalam maupun luar negeri yang relevan participate in various seminars, both in the country dengan bidang usaha Perseroan maupun keahlian and overseas, that are relevant to each of their masing-masing anggota. fields and expertise
HUBUNGAN AFILIASI DEWAN KOMISARIS DAN DIREKSI AFFILIATIONS OF BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS
Hubungan Afiliasi Dengan / Affiliated With Dewan Pemegang Nama / Name Jabatan / Position Komisaris Direksi / Board Saham / / Board of of Directors Shareholders Commissioners Todo Sihombing Presiden Komisaris merangkap - - - Komisaris Independen / President Commissioner cum Independent Commissioner
Hadi Cahyadi Wakil Presiden Komisaris - - - merangkap Komisaris Independen / Vice President Commissioner cum Independent Commissioner Amelia Gozali Komisaris / Commissioner PT Grahatama - Anthony Kreasibaru Prabowo Susilo
Karel Patipeilohy Komisaris / Commissioner PT Grahatama - - Kreasibaru
Agoes Soelistyo Presiden Direktur / President - - - Santoso Director
Anthony Prabowo Wakil Presiden Direktur / Vice - Amelia Gozali - Susilo President Director
Alexander Nartates Direktur Independen / - - - Nartates Independent Director
Patrick Santosa Direktur / Director - - - Rendradjaja
Diana Solaiman Direktur / Director PT Grahatama - - Kreasibaru
151 KOMITE AUDIT AUDIT COMMITTEE Dalam rangka membantu pelaksanaan tugas In order to assist the duties of Board of Dewan Komisaris, Perseroan memiliki Komite Commissioners, the Company has an Audit Audit yang dibentuk dengan memenuhi ketentuan Committee which is established by meeting Peraturan Otoritas Jasa Keuangan No. 55 tahun provisions of the Regulation of Financial Services 2015 tentang Pembentukan Dan Pedoman Authority No. 55 of 2015 on Establishment and Pelaksanaan Kerja Komite Audit. Work Guidelines of Audit Committee.
Susunan Anggota Komite Audit / Composition of Audit Committee
Nama / Name Jabatan / Position Hadi Cahyadi Ketua Komite Audit / Head of Audit Committee Anang Yudiansyah Anggota / Member Kurniadi Anggota / Member
PROFIL KOMITE AUDIT PROFILE OF AUDIT COMMITTEE
Hadi Cahyadi Hadi Cahyadi Profil Ketua Komite Audit dapat dilihat di bab Profil Profile of the Head of Audit Committee can be Dewan Komisaris. seen under the sub-chapter of Profile of Board of Commissioners.
Anang Yudiansyah Anang Yudiansyah Warga Negara Indonesia, lahir di Malang, 18 April An Indonesian citizen born in Malang on 18 April 1969. Beliau menyelesaikan pendidikannya di 1969. He graduated from the Accounting Study Universitas Indonesia bidang Akuntansi pada 1994. Program of the University of Indonesia in 1994. Mr. Beliau mengawali karirnya sebagai Senior Auditor Yudiansyah began his career as a Senior Auditor at Ernst & Young (September 1992 – Maret 1996), Ernst & Young (September 1992 – March 1996), Head of Internal Audit pada PT Semen Cibinong Head of Internal Audit at PT Semen Cibinong Tbk (Maret 1996 – Maret 2000), Komite Audit Tbk (March 1996 – March 2000), Member of pada PT Sarana Menara Nusantara Tbk (Desember Audit Committee at PT Sarana Menara Nusantara 2011 – Juni 2013). Komite Audit pada PT Ancora Tbk (December 2011 – June 2013), Member of Resources Tbk (November 2009 – April 2014). Audit Committee at PT Ancora Resources Tbk Senior Advisor (consulting & auditing) pada PT (November 2009 – April 2014), and Senior Advisor DEXSolutions Indonesia (April 2009 – sekarang). (consulting & auditing) at PT DEXSolutions Indonesia (April 2009 – present).
Kurniadi Kurniadi Warga Negara Indonesia, lahir di Bogor pada 8 An Indonesian citizen born in Bogor on 8 October Oktober 1970. Beliau menamatkan pendidikannya 1970. He graduated from the Accounting Study di Universitas Tarumanagara bidang akuntansi Program of Tarumanagara University in 1993. Mr. pada tahun 1993. Beliau mengawali karirnya Kurniadi began his career as an Auditor at Johan sebagai auditor di Kantor Akuntan Publik Johan Malonda & Partners Public Accounting Firm (July Malonda & Rekan (Juli 1992 – Oktober 1993), 1992 – October 1993), Auditor & Consultant at
152 Auditor & Consultant pada Prasetio Utomo & Co. – Prasetio Utomo & Co. – Public Accountant & Public Accountant & Consultation (Oktober 1993 Consultation (October 1993 – November 1996), – November 1996). Corporate Secretary pada Corporate Secretary at PT Intikeramik Alamasri PT Intikeramik Alamasri Industri Tbk (November Industri Tbk (November 1996 – July 2010), Member 1996 – Juli 2010), Anggota Komite Audit pada of Audit Committee at PT Indostraits Tbk (January PT Indostraits Tbk (Januari 2012 – sekarang), 2012 – present), Member of Audit Committee at Anggota Komite Audit pada PT Kobexindo Tractors PT Kobexindo Tractors Tbk (December 2012 – Tbk (Desember 2012 – sekarang), dan Anggota present), and Member of Audit Committee at PT Komite Audit pada PT Barito Pacific Tbk (Juni 2013 Barito Pacific Tbk (June 2013 – present). – sekarang).
Independensi Komite Audit Independency of Audit Committee Seluruh anggota Komite Audit merupakan pribadi All members of the Audit Committee are persons yang profesional, berpengalaman, dan tidak who are professional, experienced, and have no memiliki hubungan bisnis baik langsung maupun business relations both directly and indirectly tidak langsung yang berkaitan dengan kegiatan related to the Company’s business activities, to usaha Perseroan, untuk menjaga independensi maintain its independence in implementation dalam pelaksanaan tugas dan tanggung jawabnya. of idts duties and responsibilities. All members Seluruh anggota Komite Audit telah memenuhi of the Audit Committee have met the criteria of kriteria independensi, keahlian, pengalaman dan independence, expertise, experience and integrity integritas yang dipersyaratkan dalam ketentuan conditioned in prevailing provisions. yang berlaku.
Tugas, Tanggung Jawab, dan Duties, Responsibilities, and Wewenang Komite Audit Authority of Audit Committee Komite Audit memiliki tugas dan tanggung The Audit Committee has duties and responsibilities jawab untuk memberikan pendapat independen to provide professional and independent opinions dan profesional kepada Dewan Komisaris to the Board of Commissioners regarding reports terhadap laporan atau hal-hal yang disampaikan of matters submitted by the Board of Directors to oleh Direksi kepada Dewan Komisaris; untuk the Board of Commissioners; to assist the Board membantu Dewan Komisaris pada tanggung of Commissioners in conducting their supervisory jawab pengawasan, termasuk mengidentifikasi duty, including identifying matters that require hal-hal yang memerlukan perhatian Dewan Board of Commissioners’ attention; and other Komisaris; dan tugas lain yang berkaitan dengan duties relevant to the Board of Commissioners, Dewan Komisaris, antara lain: such as:
• Mereview informasi keuangan yang diterbitkan • Reviewing the financial information published oleh Perseroan kepada publik atau pihak yang by the Company to the public or authorities, berwenang, seperti laporan keuangan, proyeksi such as financial statements, projections and dan pernyataan lainnya yang berkaitan dengan other statements relevant to the Company’s informasi keuangan Perseroan; financial information; • Mereview tingkat kepatuhan/ketaatan • Reviewing the Company’s compliance with Perseroan terhadap peraturan yang berlaku di the prevailing regulations in capital market bidang Pasar Modal dan peraturan lain yang and other regulations relevant to Company’s berkaitan dengan kegiatan Perseroan; activities; • Memberikan opini independen dalam kasus • Providing independent opinions should there perbedaan pendapat antara manajemen dan be dissenting views between the management
153 penyedia jasa akuntansi; and accounting service provider; • Memberikan rekomendasi kepada Dewan • Providing recommendations to the Board Komisaris mengenai penunjukan Akuntan of Commissioners on the appointment of berdasarkan independensi, ruang lingkup Accountants based on the independency, tugas dan biaya; scope of duties and fees; • Mereview pelaksanaan audit oleh auditor • Reviewing audit activities conducted by the internal dan mengawasi pelaksanaan tindak internal auditors and monitoring the follow-up lanjut oleh Direksi atas hasil temuan auditor actions conducted by the Board of Directors internal. on the internal auditors’ findings. • Mereview pelaksanaan kegiatan manajemen • Reviewing risk management activities risiko yang dilakukan oleh Direksi, apabila conducted by the Board of Directors, if the Perseroan tidak memiliki fungsi pemantauan Company does not have risk monitoring risiko dalam Dewan Komisaris; function under the Board of Commissioners; • Memeriksa keluhan terkait proses akuntansi • Examining complaints related to the Company’s keuangan Perseroan; financial accounting process; • Mereview dan memberikan saran kepada • Reviewing and providing advice to the Board Dewan Komisaris sehubungan dengan potensi of Commissioners on matters that have the konflik kepentingan di Perseroan potential of conflict of interest in the Company • Menjaga kerahasiaan dokumen dan informasi • Maintaining the confidentiality of the Perseroan. Company’s documents and information.
Piagam Komite AudIt Charter of Audit Committee Perseroan telah memiliki piagam Komite Audit, The Company has establish Audit Committee Pedoman Pelaksanaan Kerja Komite Audit merujuk Charter. The Company’s Work Guideline of Audit pada POJK No. 55/POJK.04/2015 tentang Committee refer to POJK No. 55/POJK.04/2015 Pedoman Pelaksanaan Kerja Komite Audit. on Work Guidelines of Audit Committee.
Rapat Komite Audit Meetings of Audit Committee Pada tahun 2017, Komite Audit telah In 2017, Audit Committee carried out meetings to menyelenggarakan rapat yang membahas dan discuss and evaluate the Company’s performance mengevaluasi kinerja Perseroan sepanjang tahun during the year. The attendance rate of members 2017. Tingkat kehadiran seluruh anggota Komite of Audit Committee in the meetings reached Audit adalah 100%. 100%.
Tanggal Agenda Rapat Peserta Rapat Date Meeting Agenda Meeting Participants 16 Maret 2017 / Finalisasi audit laporan keuangan 31 Desember 2016 Hadi Cahyadi (Ketua Komite 16 March 2017 / Finalization audit on Financial Statements for the Audit / Head of Audit year ended on 31 December 2016 Committee) Anang Yudiansyah (Anggota Komite Audit / Member of Audit Committee) Kurniadi (Anggota Komite Audit / Member of Audit Committee)
154 26 April 2017 1. Laporan kegiatan Internal Audit / Report on Hadi Cahyadi (Ketua Komite Internal Audit’s activities Audit / Head of Audit 2. Pembahasan laporan keuangan Perusahaan Committee) Q1 2017 / Discussion of Company’s Financial Anang Yudiansyah (Anggota Statements of Q1 2017 Komite Audit / Member of (Periode yang berakhir 31 Maret 2017) / (For the Audit Committee) period ended on 31 March 2017) Kurniadi (Anggota Komite Audit / Member of Audit Committee) 25 Juli 2017 / 1. Laporan kegiatan Internal Audit / Internal Audit’s Hadi Cahyadi (Ketua Komite 25 July 2017 Activity Report Audit / Head of Audit 2. Pembahasan laporan keuangan Perusahaan Committee) Q2 2017 / Discussion of Company’s Financial Anang Yudiansyah (Anggota Statements of Q2 2017 Komite Audit / Member of (Periode yang berakhir 30 Juni 2017) / (For the Audit Committee) period ended on 30 June 2017) Kurniadi (Anggota Komite Audit / Member of Audit Committee) 27 Oktober 2017 / 1. Presentasi Auditor Eksternal (BDO) mengenai Hadi Cahyadi (Ketua Komite 27 October 2017 rencana audit untuk tahun yang berakhir 31 Audit / Head of Audit Desember 2017 beserta pembahasannya / Committee) Presentation of External Auditors (BDO) regarding Anang Yudiansyah (Anggota audit plan for the year ended on 31 December 2017 Komite Audit / Member of and the discussion on audit plan Audit Committee) 2. Laporan kegiatan Internal Audit / Internal Audit’s Kurniadi (Anggota Komite Activity Report Audit / Member of Audit 3. Pembahasan laporan keuangan Perusahaan Q3 Committee) 2017 (Periode yang berakhir 30 September 2017) / Discussion of Company’s Financial Statements of Q3 2017 (For the period ended on 30 September 2017)
Pelaksanaan Tugas Komite Audit 2017 Duties of Audit Committee in 2017 Sepanjang tahun 2017, Komite Audit telah During the course of 2017, the Audit Committee memberikan pendapat secara profesional has provided professional and independent dan independen kepada Dewan Komisaris opinions to the Board of Commissioners on reports mengenai laporan yang disampaikan Direksi submitted by the Board of Directors and identifies serta mengidentifikasi hal-hal yang memerlukan all matters that require Board of Commissioners’ perhatian Dewan Komisaris. Komite Audit juga attention. The Audit Committee has reviewed all menelaah laporan, informasi keuangan dan reports, financial information and other disclosure keterbukaan informasi lainnya yang dikeluarkan of information by the Company; evaluated Perseroan; melakukan evaluasi manajemen risiko risk management and internal control system; dan sistem pengendalian internal; memberikan provided inputs on the appointment of Public masukan perihal penunjukkan Kantor Akuntan Accounting Firm to the Board of Commissioners; Publik kepada Dewan Komisaris; bekerja sama cooperated with the Internal Audit; and assisted dengan Internal Audit; serta membantu Dewan the Board of Commissioners in implementing Komisaris perihal pengawasan pelaksanaan tata Good Corporate Governance in the Company. kelola perusahaan yang baik.
155 FUNGSI KOMITE NOMINASI DAN FUNCTION OF NOMINATION AND REMUNERASI REMUNERATION COMMITTEE Berdasarkan POJK Nomor 34/POJK.04/2014 Based on POJK No. 34/POJK.04/2014 article pasal 2 angka (1) menyebutkan bahwa Emiten atau 2 number (1), Issuers or Public Companies are Perusahaan Publik wajib memiliki fungsi nominasi required to have nomination and remuneration dan remunerasi. Pasal 2 angka (2) menyebutkan function. Meanwhile, article 2 number (2) of bahwa fungsi nominasi dan remunerasi tersebut the same POJK states that the nomination and wajib dilaksanakan oleh Dewan Komisaris. remuneration function must be carried out by the Board of Commissioners.
Berdasarkan pasal 2 angka (3) menyebutkan bahwa Article 2 number (3) of the same POJK also Dewan Komisaris dalam melaksanakan fungsi states that in conducting the nomination nominasi dan remunerasi dapat membentuk and remuneration function, the Board of Komite Nominasi dan Remunerasi, sedangkan Commissioners may establish a Nomination pada pasal 2 angka (4) menyebutkan bahwa and Remuneration Committee. Finally, Article Komite Nominasi dan Remunerasi tersebut dapat 2 number (4) of the same POJK states that the dibentuk secara terpisah. Nomination and Remuneration Committee may be established separately.
Merujuk pada ketentuan pasal 2 angka (1) s.d. In compliance with the article 2 number (1) to (4) (4) tersebut di atas, Dewan Komisaris dapat mentioned above, the Board of Commissioners melaksanakan sendiri fungsi nominasi dan may carry out the nomination and remuneration remunerasi tersebut atau membentuk Komite function on their own or establish a Nomination and Nominasi dan Remunerasi secara terpisah. Dengan Remuneration Committee separately. Therefore, demikian, Dewan Komisaris Perseroan tidak wajib the Company’s Board of Commissioners is not membentuk Komite Nominasi dan Remunerasi required to establish a separate Nomination and secara terpisah. Oleh karena Dewan Komisaris Remuneration Committee. As the Company does Perseroan tidak membentuk Komite Nominasi not establish a Nomination and Remuneration dan Remunerasi, fungsi nominasi dan remunerasi Committee, the function of nomination and Perseroan dilaksanakan secara langsung oleh remuneration in the Company is directly Dewan Komisaris Perseroan. conducted by the Board of Commissioners.
Rapat Komite Nominasi dan Meeting and Duties of Nomination Remunerasi serta Pelaksanaan Tugas and Remuneration Committee Komite Nominasi dan Remunerasi All activities of the Nomination and Remuneration Seluruh aktivitas Komite Nominasi dan Committee are carried out by the Board of Remunerasi dijalankan oleh Dewan Komisaris. Commissioners. Agenda and duty implementation Agenda dan pelaksanaan tugas fungsi Nominasi of Nomination and Remuneration function have dan Remunerasi telah dibahas dalam Rapat Dewan been discussed in the Meetings of Board of Komisaris. Commissioners.
SEKRETARIS PERUSAHAAN CORPORATE SECRETARY Berdasarkan Anggaran Dasar Perseroan, Direksi Based on the Company’s Articles of Association, berwenang mengangkat dan memberhentikan the Board of Directors is authorized to appoint Sekretaris Perusahaan, dalam hal ini Presiden and dismiss Corporate Secretary; in this regard, Direktur bertindak atas nama Direksi untuk the President Director acts on behalf of the Board mengangkat dan memberhentikan Sekretaris of Directors to appoint and dismiss the Corporate
156 Perusahaan. Pihak yang ditunjuk dan diangkat Secretary. A Corporate Secretary is appointed oleh Direksi dengan memenuhi Peraturan Otoritas by the Board of Directors by complying with the Jasa Keuangan Nomor 35/POJK.04/2014 tentang Financial Services Authority Regulation No. 35/ Sekretaris Perusahaan Emiten Atau Perusahaan POJK.04/2014 on Corporate Secretary of Issuers Publik. or Public Companies.
Profil Sekretaris Perusahaan Profile of Corporate Secretary Ispandiati Makmur Ispandiati Makmur Ispandiati Makmur diangkat sebagai Sekretaris Ispandiati Makmur was appointed as the Perusahaan pada tanggal 12 Juni 2017 berdasarkan Corporate Secretary on 12 June 2017, replacing Surat Keputusan Direksi No. 002/SKD-INPP/ Diana Solaiman, based on the Decision Letter of VI/2017 menggantikan Diana Solaiman. Board of Directors No. 002/SKD-INPP/VI/2017.
Ispandiati Makmur memulai karirnya sebagai Ispandiati Makmur began her career as an Associate di Arie S. Hutagalung & Partner, Law Associate at Arie S. Hutagalung & Partner, Law Firm di Jakarta. Sebelum bergabung dengan Firm in Jakarta. Prior to joining the Company, she Perseroan, menjabat sebagai Senior Corporate served as a Senior Corporate Legal at PT Jakarta Legal di PT Jakarta Setiabudi Internasional Tbk. Setiabudi Internasional Tbk (2012-2017), a Senior sejak tahun 2012 - 2017, Senior Associate di Makes Assoiate at Makes & Partners Law Firm (2008- & Partners Law Firm 2008 - 2012, dan Corporate 2012), and Corporate Legal at PT Lafarge Cement Legal di PT Lafarge Cement Indonesia tahun 2004 Indonesia (2004-2008). She graduated from the – 2008. Ispandiati Makmur menempuh pendidikan Faculty of Laws of the University of Indonesia. di Fakultas Hukum Universitas Indonesia.
Tugas dan Tanggung Jawab Duties and Responsibilities Sekretaris Perusahaan berperan penting The Corporate Secretary plays an important role dalam memfasilitasi komunikasi antara organ in facilitating the communication between the Perseroan, hubungan antara Perseroan dengan Company’s organs, relationship between the stakeholders, serta kepatuhan terhadap peraturan Company and stakeholders, and compliance to dan perundangan-undangan yang berlaku. the prevailing legislation. In order to support this Guna mendukung peranan tersebut, Sekretaris role, the Corporate Secretary is appointed by and Perusahaan diangkat dan bertanggung jawab is responsible to the President Director. kepada Direktur utama.
Tugas dan tanggung jawab Sekretaris Perusahaan The duties and responsibilities of the Corporate sebagai berikut: Secretary are as follows: • Mengikuti perkembangan pasar modal • Keeping abreast of capital market development, khususnya peraturan perundang-undangan particularly the laws and regulations applicable yang berlaku di bidang pasar modal di in capital market in Indonesia. Indonesia. • Memberikan masukan kepada Direksi dan • Giving inputs to the Company’s Board of Dewan Komisaris Perseroan untuk mematuhi Directors and Board of Commissioner on the ketentuan dan peraturan pasar modal di compliance with the provisions and regulations Indonesia. of capital market in Indonesia. • Membantu Direksi dan Dewan Komisaris • Assisting the Company’s Board of Directors and Perseroan dalam pelaksanaan tata kelola Board of Commissioners in the implementation perusahaan yang meliputi: of corporate governance which covers:
157 - Keterbukaan informasi kepada masyarakat, - Information disclosure to the public, termasuk pada website Perseroan. including on the Company’s website. - Penyampaian laporan kepada Otoritas Jasa - Timely submission of reports to Financial Keuangan (OJK) tepat waktu. Services Authority (OJK). - Penyelenggaraan dan dokumentasi Rapat - Convention and documentation of Umum Pemegang Saham dari Perseroan. the Company’s General Meeting of - Penyelenggaraan dan dokumentasi Shareholders. rapat Direksi dan/atau Dewan Komisaris - Convention and documentation of Perseroan. meetings of Company’s Board of Directors - Pelaksanaan program orientasi tentang and/or Board of Commissioners. Perseroan bagi Direksi dan/atau Dewan - Implementation of orientation program Komisaris. for the Board of Directors and/or Board of - Penghubung antara Perseroan dengan Commissioners. Pemegang Saham Perseroan, Otoritas Jasa - As the liaison for the Company to the Keuangan dan pemangku kepentingan Shareholders, Financial Services Authority lainnya. and other stakeholders.
Pelaksanaan Tugas dan Tanggung Duties and Responsibilities OF Jawab Tahun SEKRETARIS PERUSAHAAN CORPORATE SECRETARY in 2017 TAHU 2017 Beberapa kegiatan yang dilakukan oleh Sekretaris Several activities conducted by the Corporate Perusahaan sebelumnya sepanjang tahun 2017 Secretary in 2017 are as follows: adalah sebagai berikut: • Menyelenggarakan Rapat Umum Pemegang • Convention of Annual General Meeting of Saham Tahunan Shareholders • Partisipasi pada seminar-seminar yang • Participation in seminars organized by the diselenggarakan oleh Otoritas Jasa Keuangan Financial Services Authority
INTERNAL AUDIT INTERNAL AUDIT Audit Internal dibentuk berdasarkan POJK No. The Company’s Internal Audit is established based 56/POJK.04/2015 tentang Pembentukan dan on POJK No. 56/POJK.04/2015 on Establishment Pedoman Penyusunan Piagam Unit Audit Internal. and Work Guidelines of Internal Audit Unit. Based Berdasarkan resolusi Dewan Komisaris dan on the decisions of Board of Commissioners and Keputusan Presiden Direktur tanggal 6 September President Director dated 6 September 2016, the 2016, Perseroan mengangkat Andriyono Adi Company appointed Andriyono Adi Nugroho as Nugroho sebagai Kepala Internal Audit Perseroan. the Chief Internal Audit.
Profil Kepala Internal Audit Profile of chief Internal Audit Andriyono Adi Nugroho Andriyono Adi Nugroho Warga Negara Indonesia, lahir di Surakarta 1 An Indonesian citizen born in Surakarta on 1 August Agustus 1982. Beliau menamatkan pendidikannya 1982. He obtained his Bachelor’s degree from di Universitas Gadjah Mada jurusan Akuntansi Gadjah Mada University, majoring in Accounting in pada tahun 2004. Beliau mengawali karirnya 2004. Mr. Nugroho began his career as an auditor sebagai auditor di Ernst & Young (Oktober 2004 – at Ernst & Young (October 2004-November November 2007) kemudian menjabat Accounting 2007) before serving as an Accounting Manager Manager PT Kurnia Insurans Indonesia (2007). at PT Kurnia Insurans Indonesia (2007). Return to
158 Kembali bergabung dengan Ernst & Young dengan Ernst & Young with the last position was Auditor posisi terakhir sebagai Auditor Manager (2008 - Manager (2007 - 2016) 2016).
Kualifikasi dan Sertifikasi sebagai Qualification and Certification as Profesi Internal Audit Internal Auditor Pada tahun 2017, Internal Audit memiliki 3 pegawai In 2017, the Internal Audit of the Company dan Kepala Internal Audit dengan kualifikasi dan consisted of 3 members and a Head of Internal sertifikasi sebagai berikut: Audit with the following qualifications and certifications: • Chartered Accountant (CA) dari Ikatan Akuntan • Chartered Accountant (CA) from the Indonesia, tahun 2014. Indonesian Institute of Accountants, in 2014. • Certified Professional Auditor of Indonesia • Certified Professional Auditor of Indonesia (CPAI) dari Institut Akuntan Publik Indonesia, (CPAI) from the Indonesian Institute of Certified tahun 2015. Public Accountants, in 2015.
Piagam Internal Audit Internal Audit Charter Internal Audit adalah sebuah kegiatan yang bersifat Internal Audit is an independent and objective assurance dan konsultasi yang independen dan assurance and consultation activity designed to objektif yang dirancang untuk menambah nilai add value and improve the Company’s operation, dan meningkatkan operasi Perseroan dengan by utilizing systematic methodology of risk memanfaatkan metodologi sistematis untuk management, and improving the effectiveness mengevaluasi serta meningkatkan efektivitas of risk management, control and governance manajemen risiko, pengendalian, dan proses tata process. Internal audit is concerned with controls kelola. Internal Audit berkaitan dengan kontrol that ensure: yang memastikan : • Kehandalan dan integritas informasi keuangan • Reliability and integrity of financial and dan operasional operating information • Efektivitas dan efisiensi operasional • Effectiveness and efficiency of operation • Perlindungan atas Aset • Safeguarding of Assets • Kepatuhan terhadap hukum, peraturan dan • Compliance with laws, regulations and kontrak. contracts
Piagam Internal Audit Perseroan memuat tentang: The Company’s Internal Audit Charter contains: • Struktur dan Posisi Internal Audit • Structure and Position of Internal Audit • Tugas dan Tanggung Jawab Internal Audit • Duties and Responsibilities of Internal Audit • Wewenang Internal Audit • Authority of Internal Audit • Kode Etik • Code of Conduct • Persyaratan dan Independensi • Requirements and Independency
Struktur dan Posisi Internal Audit Structure and Position of Internal Direksi memiliki tanggung jawab atas keseluruhan Audit pengendalian Perseroan. Pengendalian internal The Board of Directors has overall responsibility for dirancang untuk mengelola bukan untuk the Company’s internal control. Internal controls menghilangkan risiko bisnis. Untuk membantu are designed to manage, rather than eliminate melindungi aset perusahaan terhadap penipuan business risk; to help safeguard the Company’s
159 dan penyimpangan lainnya; dan untuk assets against fraud and other irregularities; and memberikan assurance yang wajar, namun tidak to give reasonable, but not absolute assurance, mutlak terhadap kesalahan atau kehilangan. against misstatement or loss.
Internal Audit di bawah arahan Komite Audit, Internal Audit, under the guidance of the audit membantu Direksi dengan meninjau operasional committee, assists the Board of Directors by dan efektivitas sistem pengendalian internal reviewing the operation and effectiveness of the perusahaan dan prosedur-prosedur dimana Company’s system of internal control and the sistem ini dimonitor. procedures by which this is monitored.
Internal Audit bertanggung jawab langsung Internal Audit directly responsible to the President kepada Presiden Direktur dan dalam melaksanakan Director and in performing their duties report tugasnya Internal Audit melaporkan kegiatannya to the President Director and the Board of kepada Presiden Direktur dan Dewan Komisaris Commissioners through the Audit Committee. melalui Komite Audit.
Fungsi Internal Audit dikelola oleh Kepala The Internal Audit function is managed by the Chief Internal Audit. Kepala Internal Audit diangkat dan Internal Audit. Chief Internal Audit is appointed diberhentikan oleh Presiden Direktur dengan and dismissed by President Director with Board persetujuan Dewan Komisaris seperti yang of Commissioners approval as advised by Audit disarankan oleh Komite Audit. Pengangkatan Committee. The appointment and dismissal of the dan pemberhentian Kepada Internal Audit harus Chief Internal Audit must be immediately informed segera diinformasikan kepada Otoritas Jasa to the Indonesia Financial Service Authority (OJK). Keuangan (OJK).
Auditor yang merupakan anggota dari Internal Auditors who are members of the Internal Audit Audit bertanggung jawab langsung kepada Kepala are responsible directly to the Chief Internal Audit. Internal Audit. Kepala Internal Audit dan staff Chief Internal Audit and other Internal Audit staff Internal Audit lainnya tidak diperkenankan untuk shall not hold any other operational function memegang fungsi operasional lainnya didalam within the Company. Perusahaan.
Tugas dan Tanggung Jawab Internal Duties and Responsibilities of Audit Internal Audit • Mengembangkan dan melaksanakan rencana • Develop and execute the Company’s annual Internal Audit tahunan Perseroan. Internal Audit plan. • Meninjau dan mengevaluasi pelaksanaan • Review and evaluate the operation of internal pengendalian internal dan manajemen risiko control and risk management in accordance sesuai dengan kebijakan Perusahaan. with the Company’s policy. • Melakukan audit dan menilai efisiensi dan • Perform audit and assess the efficiency and efektivitas semua fungsi di Perusahaan. effectiveness of all functions in the Company. • Memberikan rekomendasi dan informasi yang • Provide recommendations and objective obyektif tentang kegiatan yang diperiksa pada information about the activities under review semua tingkat manajemen. at all management levels. • Melaporkan hasil kegiatan audit dan • Report the audit result and deliver the report to menyampaikan laporan kepada Presiden President Director and Commissioner (through Direktur dan Komisaris (melalui Komite Audit). Audit Committee).
160 • Memonitor, menganalisa, dan melaporkan • Monitor, analyze, and report the progress of kemajuan rekomendasi audit. the audit recommendation. • Bekerja sama dengan Komite Audit. • Work together with the Audit Committee. • Mengembangkan program dalam rangka untuk • Develop programs to evaluate the quality of mengevaluasi internal audit yang dilakukan. internal audit performed. • Melakukan audit khusus jika diperlukan. • Perform special audit, if necessary.
Wewenang Authority • Mengakses semua informasi yang relevan • To access all relevant information regarding mengenai perusahaan yang berkaitan the Company related to its duties and dengan tugas dan tanggung jawabnya. Setiap responsibilities. Any significant disagreement perselisihan yang signifikan mengenai akses regarding such access will be reported to the tersebut akan dilaporkan kepada Presiden President Director for resolution. Direktur untuk resolusi. • Melakukan komunikasi secara langsung • To communicate directly with the Director, dengan Direktur, Komisaris, dan/atau Komite Commissioner, and/or Audit Committee and Audit serta anggota Direksi, Komisaris, dan/ the members of Board of Directors, Board of atau Komite Audit. Commissioners and/or Audit Committee. • Mengadakan rapat secara berkala dan ad hoc • To conduct periodic and ad hoc meetings with dengan Direksi, Dewan Komisaris dan atau the Board of Directors, Board of Commissioners Komite Audit. and/or the Audit Committee. • Mendapatkan dukungan dari semua staff dan • To get support from all staffs and management Manajemen dengan menyediakan informasi by providing information and explanations dan penjelasan yang diperlukan dalam rangka necessary in order to perform its duty. melakukan tugasnya. • Melakukan koordinasi antara kegiatannya • To coordinate its activity with the activities of dengan kegiatan Auditor Eksternal. external auditors.
Kode Etik Code of Conduct Semua auditor internal harus menegakkan prinsip- All internal auditors should uphold the following prinsip sebagai berikut ini: principles:
Integritas Integrity - Auditor Internal harus melakukan pekerjaan - Internal Auditors shall perform their work with mereka dengan kejujuran, ketekunan, dan honesty, diligence and responsibility. tanggung jawab. - Internal Auditors shall observe the law and - Auditor Internal harus mematuhi hukum dan make disclosures expected by the law and the membuat pengungkapan yang diharapkan profession. sesuai dengan hukum dan profesi. - Internal Auditors shall not knowingly be a party - Auditor Internal tidak akan dengan sengaja to any illegal activity, or engage in acts that menjadi pihak dari aktivitas ilegal, atau are discreditable to the profession of Internal terlibat dalam tindakan-tindakan yang Auditor or to the organization. mendiskreditkan profesi Internal Audit atau - Internal Auditors shall respect and contribute terhadap Organisasi. to the legitimate and ethical objectives of the - Auditor Internal harus menghormati dan organization. berkontribusi pada tujuan yang sah dan Etis dari Organisasi.
161 Objektivitas Objectivity - Auditor Internal tidak boleh berpartisipasi - Internal Auditors shall not participate in any dalam kegiatan atau hubungan apapun, yang activity or relationship that may impair or be dapat, atau patut diduga dapat, menghalangi presumed to impair their unbiased assessment. penilaian Auditor Internal yang adil. Termasuk This participation includes those activities or dalam hal ini adalah kegiatan atau hubungan relationship that may be in conflict with the apapun yang mengakibatkan timbulnya interests of the organization. pertentangan kepentingan dengan organisasi. - Auditor Internal tidak boleh menerima apa pun - Internal Auditors shall not accept anything yang dapat, atau diduga dapat, mengganggu that may impair or be presumed to impair their pertimbangan profesionalnya. professional judgment. - Auditor Internal harus mengungkapkan semua - Internal Auditors shall disclose all material fakta material yang diketahuinya, yang apabila facts known to them that, if not disclosed, may tidak diungkapkan, dapat mendistorsi laporan distort the reporting of activities under review. atas kegiatan yang direviu.
Kerahasiaan Confidentiality - Auditor Internal harus berhati-hati dalam - Internal Auditors shall be prudent in the use menggunakan dan menjaga informasi yang and protection of information acquired in the diperoleh selama melaksanakan tugasnya. course of their duties. - Auditor Internal tidak boleh menggunakan - Internal Auditors shall not use information informasi untuk memperoleh keuntungan for any personal gain or in any manner that pribadi, atau dalam cara apapun, yang would be contrary to the law or detrimental bertentangan dengan hukum atau merugikan to the legitimate and ethical objectives of the tujuan organisasi yang sah dan etis. organization.
Kompetensi Competency - Auditor Internal hanya terlibat dalam pemberian - Internal Auditors shall engage only in those jasa yang memerlukan pengetahuan, services for which they have the necessary kecakapan dan pengalaman yang dimilikinya. knowledge, skills and experience. - Auditor Internal harus memberikan jasa internal - Internal Auditors shall perform internal audit audit sesuai dengan Standar Internasional services in accordance with the International Praktik Profesional Audit Internal (Standar). Standards for the Professional Practice of - Auditor Internal harus senantiasa meningkatkan Internal Auditing (Standards). keahlian, keefektifan dan kualitas jasanya - Internal Auditors shall continuously improve secara berkelanjutan. their proficiency and the effectiveness and quality of their services.
PERSYARATAN REQUIREMENTS Seseorang dapat ditunjuk sebagai Auditor Internal Internal auditor can be appointed as Internal hanya jika memenuhi persyaratan sebagai berikut Auditor if only meet the requirements as below: ini: - Memiliki integritas dan perilaku profesional, - Has integrity and professional behavior, independen, jujur dan obyektif dalam independent, honest and objective in melaksanakan tugasnya. performing his or her duties. - Memiliki pengetahuan teknis yang memadai - Has adequate technical knowledge on auditing tentang audit serta memiliki pengalaman dan and experiences and other related knowledge
162 pengetahuan professi terkait dengan tugas- to his or her duties. tugasnya. - Memiliki pengetahuan yang memadai tentang - Has adequate knowledge regarding applicable peraturan yang berlaku dipasar modal dan regulations in capital market and other related peraturan terkait lainnya. regulations. - Memiliki kompetensi untuk berinteraksi dan - Has competence to interact and communicate berkomunikasi secara aktif baik lisan maupun effectively both in spoken and written. tulisan. - Harus mematuhi standar professional yang - Shall comply with the professional standards dikeluarkan oleh Asosiasi Audit Internal. issued by the Internal Audit Association. - Harus mematuhi kode etik Internal Audit. - Shall comply with the code of ethics of the Internal Audit. - Harus menjaga kerahasian informasi dan/atau - Shall maintain confidentiality of the Company’s data yang terkait dengan pelaksanaan tugas information and/or data related to the dan tanggung jawab Internal Audit kecuali implementation of the duties and responsibility diwajibkan oleh peraturan atau keputusan of Internal Audit except as required by pengadilan. regulation or court rulings. - Memahami prinsip-prinsip tata kelola - Understand good corporate governance and perusahaan yang baik dan rofessio risiko. risk management principles. - Bersedia untuk meningkatkan pengetahuan, - Is willing to enhance his or her professional keahlian dan kemampuan profesionalismenya knowledge, expertise and skill in ongoing basis. secara terus menerus.
INDEPENDENSI DAN OBJEKTIVITAS INDEPENDENCY AND OBJECTIVITY OF INTERNAL AUDIT INTERNAL AUDIT - Kegiatan Internal Audit akan tetap bebas dari - The Internal Audit activity will remain free from campur tangan setiap elemen dalam organisasi, interference by any element in the organization, termasuk dalam hal-hal seleksi audit, ruang including matters of audit selection, scope, lingkup, prosedur, frekuensi, pemilihan waktu, procedures, frequency, timing, or report atau isi laporan untuk memelihara sikap mental content to permit maintenance of a necessary yang independen dan obyektif yang diperlukan. independent and objective mental attitude. - Auditor Internal tidak memiliki tanggung jawab - Internal Auditors will have no direct operational operasional atau otoritas secara langsung atas responsibility or authority over any of the kegiatan-kegiatan yang diaudit. activities audited. - Auditor Internal akan menunjukkan - Internal Auditors will exhibit the highest level of tingkat objektivitas proposional tertinggi professional objectivity in gathering, evaluating dalam mengumpulkan, mengevaluasi dan and communicating information about the mengkomunikasikan informasi tentang activity or process being examined. Internal kegiatan atau proses yang diperiksa. Auditor Auditors will make balanced assessment of all Internal akan membuat penilaian yang the relevant circumstances and not be unduly seimbang dari semua keadaan yang relevan influenced by their own interest or by others in dan tidak terlalu dipengaruhi oleh kepentingan forming judgments. mereka sendiri atau oleh orang lain dalam membentuk penilaian. - Kepala Internal Audit akan mengkonfirmasi - Chief Internal Audit will confirm to the Board of kepada Direksi, setidaknya setiap tahun, Directors, at least annually, the organizational independensi secara organisasi kegiatan independence of the internal audit activity. internal audit.
163 Pelaksanaan Kegiatan Internal Audit Activities of Internal Audit in 2017 Selama Tahun 2017 Sepanjang tahun 2017, Internal Audit telah During the course of 2017, the Internal Audit has melaksanakan tugas dan tanggung jawab sejalan carried out their duties and responsibilities in dengan tujuan bisnis Perseroan. Pelaksanaan line with the Company’s business purposes. The kegiatan Internal Audit pada tahun 2017, telah Internal Audit performed audit activities in 2017 in melakukan audit di berbagai departemen di various departments of the Company with details Perseroan, dengan rincian informasi sebagai as follows: berikut:
Audit Departemen / Department Audit
No Departemen / Department Tanggal Pelaksanaan / Date of Implementation 1 Legal 20-24 Februari 2017 / 20-24 February 2017 2 Human Resources 20-24 Maret 2017 / 20-24 March 2017 3 Project Development 2-5 Mei 2017 / 2-5 May 2017 4 Owner Representative - Bali 17-19 Mei 2017 / 17-19 May 2017 5 Corporate Development - Bali 17-19 Mei 2017 / 17-19 May 2017 6 Office Support 10-21 Juli 2017 / 10-21 July 2017 7 Owner Representative - Batam 21-25 Agustus 2017 / 21-25 August 2017 8 Project Marketing - Batam 21-25 Agustus 2017 / 21-25 August 2017 9 Procurement 4-8 September 2017 10 Finance 16-20 Oktober 2017 / 16-20 October 2017 11 Accounting 20-24 November 2017
Audit Anak Perusahaan / Subsidiaries Audit
No Nama Anak Perusahaan / Name of Subsidiary Tanggal Pelaksanaan / Date of Implementation 1 PT Kega Property Utama 27-31 Maret 2017 / 27-31 March 2017 2 PT Eka Ilalang Suryadinamika 20-24 Maret 2017 / 20-24 March 2017 3 PT Dinamika Putra Perkasa 17-22 April 2017 4 PT Indonesian Paradise Property Tbk 22-26 Mei 2017 / 22-26 May 2017 (Parent Only) 5 PT Segara Biru Kencana 22-26 Mei 2017 / 22-26 May 2017 6 PT Padma Suasa 19-23 Juni 2017 / 19-23 June 2017 7 PT Aneka Bina Laras 19-23 Juni 2017 / 19-23 June 2017 8 PT Mitra Gemilang Mahacipta 17-19 Juli 2017 / 17-19 July 2017 9 PT Mitra Perdana Nuansa 31 Juli - 4 Agustus 2017 / 31 July - 4 August 2017 10 PT Retzan Indonusa 21-25 Agustus 2017 / 21-25 August 2017 11 PT Anugerah Nusaraya 21-25 Agustus 2017 / 21-25 August 2017 12 PT Indonesian Paradise Island 23-27 Oktober 2017 / 23-27 October 2017 13 PT Praba Kumala Sajati 20-24 November 2017
164 Audit Unit Usaha / Business Units Audit
No Nama Unit Usaha / Name of Business Unit Tanggal Pelaksanaan / Date of Implementation 1 POP! Hotel Sangaji - Yogyakarta 20-22 Maret 2017 / 20-22 March 2017 2 HARRIS Hotel Tuban - Bali 15-19 Mei 2017 / 15-19 May 2017 3 Maison Aurelia - Bali 15-19 Mei 2017 / 15-19 May 2017 4 HARRIS Suites fX Sudirman - Jakarta 12-16 Juni 2017 / 12-16 June 2017 5 23 Paskal Shopping Center - Bandung 25-28 Juli 2017 / 25-28 July 2017 6 HARRIS Hotel Batam Center - Batam 21-25 Agustus 2017 / 21-25 August 2017 7 One Residence - Batam 21-25 Agustus 2017 / 21-25 August 2017 8 HARRIS Resort Waterfront - Batam 21-25 Agustus 2017 / 21-25 August 2017 9 beachwalk Shopping Center 25-29 September 2017 10 Sheraton Bali Kuta Resort - Bali 16-19 Oktober 2017 / 16-19 October 2017 11 Park23 Entertainment Center - Bali 13-18 November 2017
AUDITOR INDEPENDEN INDEPENDENT AUDITOR
Mekanisme Penunjukan Kantor Akuntan Mechanism of Appointment of Public Publik Accounting Firm Pelaksanaan audit Laporan Keuangan Perseroan The implementation of audit on the Company’s dilakukan dengan menunjuk Kantor Akuntan Financial Statement is conducted by appointing a Publik. Penunjukan Kantor Akuntan Publik Public Accounting Firm. The appointment of Public diputuskan melalui Rapat Umum Pemegang Accounting Firm is decided in the General Meeting Saham berdasarkan rekomendasi dari Dewan of Shareholders based on the recommendations Komisaris yang mendapatkan masukan Komite from the Board of Commissioners who obtained Audit. Tidak ada jasa lain yang diberikan oleh advice from the Audit Committee. Aside from audit Kantor Akuntan Publik selain melakukan audit activity on the Company’s Financial Statements, Laporan Keuangan Perseroan. there was no other service provided by the Public Accounting Firm.
Informasi Kantor Akuntan Publik dan Jasa Information on Public Accounting Firm and yang Diberikan Their Services Informasi Kantor Akuntan Publik Perseroan pada 5 Information on the Company’s Public Accounting (lima) tahun terakhir adalah sebagai berikut: Firm in the last 5 (five) years is as follows:
Periode / Kantor Akuntan Publik / Jenis Jasa / Akuntan Publik / Period Public Accounting Firm Type of Service Public Accountant KAP Tanubrata Sutanto Fahmi Audit Keuangan tahun 2017 / Ledo Ekodianto 2017 Bambang & Rekan Financial Audit for 2017 KAP Tanubrata Sutanto Fahmi Audit Keuangan tahun 2016 / Ledo Ekodianto 2016 Bambang & Rekan Financial Audit for 2016 KAP Tanubrata Sutanto Fahmi & Rekan Audit Keuangan tahun 2015 / Susanto Bong 2015 Financial Audit for 2015 KAP Tanubrata Sutanto Fahmi & Rekan Audit Keuangan tahun 2014 / Susanto Bong 2014 Financial Audit for 2014 KAP Tanubrata Sutanto Fahmi & Rekan Audit Keuangan tahun 2013 / Fahmi 2013 Financial Audit for 2013
165 Biaya Audit 2017 Audit Fee in 2017 Untuk biaya jasa audit keuangan tahun buku The Company spent Rp269,500,000 for the fee of 2017, Perseroan mengeluarkan biaya sebesar audit activity in 2017 fiscal year. Rp269.500.000.
SISTEM PENGENDALIAN INTERNAL INTERNAL CONTROL SYSTEM Sistem pengendalian internal yang ada di The Company’s internal control system functions Perseroan berfungsi sebagai pencegah terjadinya to prevent fraud activities from occurring in its kecurangan (fraud) dalam proses bisnis dengan business process by improving and strengthening meningkatkan dan memperkuat lingkup internal control scope. The internal control system pengendalian internal. Sistem pengendalian implemented in the Company is a combination Internal yang diterapkan di Perseroan merupakan of action and activities in a sustainable manner, proses penyatuan tindakan serta kegiatan conducted by either the management or the secara berkesinambungan baik oleh pimpinan employees. The aim is to provide assurance on perusahaan maupun pegawai untuk memberikan target achievement through an effective and keyakinan atas tercapainya tujuan melalui kinerja efficient performance, reliability of financial yang efektif dan efisien, kehandalan pelaporan reporting, asset security and compliance with the keuangan, pengamanan aset, serta ketaatan laws and regulations. terhadap peraturan perundang-undangan.
Sistem Pengendalian Operasional dan Operational and Financial Control System Keuangan Sistem pengendalian keuangan dan operasional The financial and operational control system of Perseroan diselenggarakan secara berjenjang yang the Company is conducted in a gradual manner meliputi organ tata kelola yang ada di Perseroan covering the Company’s governance organs, seperti Dewan Komisaris, Direksi, Komite Audit, Board of Commissioners, Board of Directors, serta Audit Internal. Audit Committee and Internal Audit. • Dewan Komisaris, melakukan pengawasan dan • Board of Commissioners provides supervisory memberikan saran terkait proses pengelolaan and advisory activities related to the Company’s Perseroan, pengembangan usaha, serta management process, business development pengelolaan risiko dengan menerapkan prinsip and risk management by always implementing kehati-hatian. prudent principle. • Direksi mengembangkan sistem pengendalian • Board of Directors develops internal control internal perusahaan agar dapat berfungsi system so as to function effectively to secure secara efektif untuk mengamankan investasi the Company’s investment and assets. dan aset Perseroan. • Audit Internal membantu Presiden Direktur • Internal Audit assists the President Director in dalam melaksanakan audit intern keuangan implementing the Company’s internal audit dan operasional Perseroan serta menilai on finance and operations, and evaluates the pengendalian, pengelolaan dan pelaksanannya control, management and implementation serta memberikan saran-saran perbaikan. in addition to providing improvement recommendations. • Komite Audit menilai pelaksanaan kegiatan • Audit Committee evaluates the implementation serta hasil audit yang dilakukan Audit Internal, of audit activities and results conducted by the memberikan rekomendasi penyempurnaan Internal Audit, provides recommendations on sistem pengendalian manajemen serta management control system and identifies
166 mengidentifikasi hal-hal yang memerlukan matters requiring the attention of Board of perhatian Dewan Komisaris. Commissioners.
Kesesuaian Sistem Pengendalian Internal Conformity of Internal Control System with dengan Kerangka COSO COSO Framework Sistem pengendalian keuangan dan operasional The Company’s financial and operational control Perseroan sejalan dengan sistem pengendalian system is in line with the internal control system internal menurut Committee of Sponsoring standards issued by the Committee of Sponsoring Organization of the Treadway Commission (COSO). Organization of the Treadway Commission Sistem pengendalian tersebut mencakup berbagai (COSO) and covers various issues such as policies, kebijakan, prosedur, kegiatan pemantauan dan procedures, monitoring and communication komunikasi, serta standar perilaku dan berbagai activities, as well as behavior standards and inisiatif yang ditujukan untuk: various initiatives aiming at: • Mengamankan aset (security objectives) • Securing assets (security objectives) • Mengupayakan efisiensi dan efektivitas operasi • Improving efficiency and effectiveness of Perseroan (operational objectives) Company’s operations (operational objectives) • Mengembangkan keandalan dan kelengkapan • Developing information reliability and informasi akuntansi/finansial dan manajemen completeness on accounting/finance and (information objectives); serta management (information objectives); and • Menjamin kepatuhan terhadap kebijakan dan • Ensuring compliance with policies and prosedur serta peraturan perundangan yang procedures as well as prevailing regulations berlaku (compliance objectives). (compliance objectives)
Evaluasi atas Efektivitas Sistem Evaluation on the Effectiveness of Internal Pengendalian Internal Control System Perseroan meyakini bahwa sistem pengendalian The Company believes that an effective internal internal yang efektif dimulai dengan kepatuhan control system begins with compliance with terhadap standar-standar perilaku etika yang the ethical standards in the Company, both in belaku di Perseroan, baik dalam bentuk lisan oral and written forms. Given the importance of maupun tulisan. Mengingat pentingnya sistem internal control system in business continuity, the pengendalian internal dalam kelangsungan usaha Company requires an effective Internal control suatu bisnis, maka Perseroan mewajibkan adanya system to safeguard its assets and investments sistem pengendalian Internal yang efektif guna and conduct periodical examination. mengamankan aset dan investasi Perseroan serta melakukan pengujian secara berkala.
Perseroan melakukan evaluasi atas efektivitas The effectiveness of internal control system is sistem pengendalian internal dengan continuously evaluated by the Company using menggunakan kriteria Internal Control – the Internal Control - Integrated Framework Integrated Framework yang telah dikeluarkan criteria issued by the Committee of Sponsoring oleh Committee of Sponsoring Organization of Organizations of the Treadway Commission the Treadway Commission (COSO). Berdasarkan (COSO). Based on this assessment, the Board of penilaian ini, Dewan Komisaris dan Direksi Commissioners and Board of Directors conclude menyimpulkan bahwa hingga tanggal 31 that as of December 31, 2017, the Company’s Desember 2017, sistem pengendalian internal atas internal control system over the financial laporan keuangan telah berjalan dengan efektif. statements has been effective.
167 Pengujian sistem pengendalian internal The examination of Company’s internal control Perseroan, sejalan dengan kerangka yang diakui system, conducted in line with the internationally secara internasional melalui COSO, dilakukan recognized framework through COSO, is carried dalam rangka melihat tingkat efektivitasnya yang out to see its effectiveness level which includes: meliputi:
A. Pengujian Pengendalian Lingkungan A. Examination of Control Environmental Pengujian lingkungan pengendalian dilakukan The examination of control environment is untuk memberikan keyakinan yang memadai conducted to provide reasonable assurance bahwa lingkungan organisasi mendukung that the organization’s environment supports Sistem Pengendalian Internal yang memadai an adequate Internal Control System and dan praktik manajemen yang cermat. Pengujian thorough management practices. This test is ini penting karena pengendalian lingkungan significant as environmental control affects the mempengaruhi komponen-komponen Sistem other components of Internal Control System. Pengendalian Internal lainnya.
Pokok-pokok pengujian yang meliputi integritas Examination principals covering integrity and dan etika; komitmen terhadap kompetensi; ethics; commitment to competence; style gaya operasi dan filosofi manajemen; struktur of operation and management philosophy; organisasi; tanggung jawab dan wewenang; organizational structure; responsibility and kebijakan dan praktik sumber daya manusia; authority; human resources policies and serta kegiatan pengawasan di seluruh unit kerja practices; and monitoring activities in all work dan kantor pusat untuk tahun yang berakhir 31 units and head office for the year ended on 31 Desember 2017 sudah cukup memadai. December 2017 is relatively sufficient.
B. Pengujian Atas Penilaian Risiko B. Examination of Risk Assessment Pengujian atas penilaian risiko ini bertujuan Risk assessment aims to assist the head of untuk membantu pimpinan unit kerja dan work units and other assessors in determining penilai lainnya dalam menentukan seberapa the extent of internal control effectiveness baik pengendalian internal suatu unit kerja atau of a work unit or company, particularly those perusahaan, khususnya yang berkaitan dengan related to risk assessment that has been penilaian risiko telah didesain, dan berfungsi designed, and its functions, as well as to help serta untuk membantu menentukan hal-hal determine matters requiring improvement. yang memerlukan perbaikan.
Alat untuk melakukan pengujian ini adalah Tools to perform this examination are factors berupa faktor-faktor yang merupakan hal-hal containing crucial matters in them which penting yang terkandung di dalamnya. Faktor- are utilized to assist the users in considering faktor tersebut adalah untuk membantu whether an internal control, particularly the pengguna dalam mempertimbangkan apakah one related to risk assessment, has been suatu pengendalian internal khususnya yang effective. It is also important to consider that berkaitan dengan penilaian risiko telah berjalan these factors, in relation to each application, secara efektif atau tidak. Perlu dipertimbangkan are in accordance with the circumstances, pula faktor-faktor tersebut dalam kaitannya possible weaknesses of existing controls, and dengan aplikasi masing-masing faktor sesuai the extent to which these factors influence dengan keadaan, kemungkinan kelemahan the achievement of the organization’s vision, pengendalian yang ada, dan sejauh mana mission, goals, and objectives.
168 faktor-faktor tersebut mempengaruhi pencapaian visi, misi, tujuan, dan sasaran organisasi.
Dari pokok-pokok atas penilaian risiko, baik Based on the principals of risk assessment, penetapan tujuan organisasi; penetapan the determination of organizational goals and tujuan operasional; identifikasi risiko; analisis operational objectives; risk identification; risk risiko dan pengelolaan risiko akibat perubahan analysis and management due to changes selama 2017 dari unit kerja yang telah dilakukan during 2017 from the work units that have pengujiannya, menurut pendapat Audit Internal been examined, the assessment in the opinion dinilai cukup memadai. of Internal Audit is considered sufficient.
C. Pengujian Aktivitas Pengendalian C. Examination of Control Activities Penilaian/pengujian aktivitas pengendalian Assessment/examination of control activities bertujuan memastikan adanya pengendalian aims to ensure controls by management has yang dikelola oleh manajemen sehingga been effective in safeguarding the direction efektif untuk menjaga arah tujuan organisasi. of organization’s objectives. In assessing/ Dalam menilai/menguji aktivitas pengendalian, examining control activities, it is necessary perlu dipertimbangkan apakah aktivitas to consider whether control activities are pengendalian telah sesuai, jumlahnya memadai appropriate or the number of activities has dan telah beroperasi secara efektif. been sufficient and effectively operated.
Bentuk pengujian yang dilakukan berbeda- The forms of examination conducted are beda, tergantung pada pengendalian yang different depending on the evaluated control dievaluasi dan lingkup pengendalian. Jika and the scope of control. If the purpose of tujuan peninjauan adalah untuk menetapkan review is to establish whether all payments apakah seluruh pembayaran telah diotorisasi, have been authorized, the examination will be maka pengujian akan dititikberatkan/ focused on the controls used by the entity in difokuskan pada pengendalian yang digunakan connection with the payment authorization. oleh entitas sehubungan dengan otorisasi Thus, specific examination will be subject to pembayaran. Sehingga, pengujian spesifik akan the specific control activities implemented. tergantung pada aktivitas pengendalian spesifik Control examination during the inspection yang digunakan. Pengujian pengendalian process in 2017 in the Company was highly selama proses pemeriksaan pada 2017 di adequate. Perseroan sudah sangat memadai.
D. Pengujian Informasi dan Komunikasi D. Examination of Information and Communication Pengujian komponen Sistem Pengendalian Examination of the information and Internal informasi dan komunikasi bertujuan communication components of Internal memberikan keyakinan yang memadai bahwa Control System aims to provide adequate informasi yang relevan dan dapat dipercaya assurance that the relevant and reliable telah dimiliki, dicatat, dan dikomunikasikan information has been established, recorded secara efektif kepada pimpinan entitas dan and communicated effectively to the pihak lain yang memerlukannya dalam bentuk leaders of entity and other parties requiring dan jangka waktu untuk melaksanakan the information, in a form and period to tanggung jawab pengendalian internal dan conduct internal control responsibility and
169 operasionalnya. Proses informasi its operations. Information and dan komunikasi dari jajaran tertinggi, communication process from the yaitu pemegang saham sampai level highest level, namely the shareholders, karyawan telah berjalan sangat baik. to the employee level has been well Laporan-laporan yang berjalan, rapat implemented. The ongoing reports, koordinasi dengan pembahasan coordinating meetings to discuss pengambilan keputusan atas semua decisions to be made on all prepared hasil laporan yang telah dibuat serta reports, as well as the information media informasi dan komunikasi telah and communication media have been disusun dengan baik, sehingga dapat properly formulated. Hence it can disimpulkan sistem pengendalian be concluded that internal control internal pengujian atas informasi system to examine the information dan komunikasi ini berjalan sangat and communication component has memadai. been adequately implemented.
E. Pengujian Pemantauan E. Examination of Monitoring Pengujian komponen Sistem The examination of internal control Pengendalian Internal dilakukan system components is conducted untuk mendapatkan keyakinan in an effective manner to obtain yang memadai dan dilaksanakan adequate assurance. Examination secara efektif. Hasil pengujian akan results will, in turn, affect its next steps. mempengaruhi langkah-langkah Monitoring examination includes pemeriksaan selanjutnya. Pengujian continuous monitoring activity of all pemantauan meliputi pemantauan operational activities in work units, berkelanjutan tentang seluruh aktivitas internal and external audit results; i.e. operasional di unit kerja, pemantauan completion of the problem, and a clear berkelanjutan tentang hasil proses responsibility for all matters requiring audit internal maupun eksternal, yakni attention. The results of observations penyelesaian permasalahan dilakukan and interviews conducted throughout sampai tuntas serta adanya tanggung the year, stated that the monitoring jawab yang jelas atas setiap hal yang examination in the Company has been perlu mendapatkan perhatian. Hasil relatively sufficient. observasi dan wawancara yang telah dilakukan sepanjang 2017, menyatakan bahwa pengujian pemantauan (monitoring) di Perseroan telah cukup memadai.
Evaluasi yang telah dilakukan Evaluation that has been conducted menjadi salah satu fondasi bagi become one of the foundations for perusahaan untuk terus melaksanakan the Company to continuously perform perbaikan dan penyempurnaan improvements of control system that sistem pengendalian yang dapat can support the Company’s business meningkatkan pertumbuhan per growth. usahaan.
170 171 MANAJEMEN RISIKO RISK MANAGEMENT
Gambaran Umum Manajemen Risiko General Description on Company Risk Perusahaan Management Sistem manajemen risiko Perseroan berfungsi The Company’s risk management system untuk mengelola risiko perusahaan yang serves to manage company risks that include mencakup identifikasi, pengendalian, serta identification, control, and evaluation of risks evaluasi atas risiko-risiko yang berpotensi that could potentially disrupt business activity, mengganggu aktivitas bisnis, kelangsungan business continuity, and lead to failure to achieve usaha, dan menyebabkan tidak tercapainya tujuan objectives of the Company. Perseroan.
Identifikasi risiko menjadi langkah awal dalam Risk identification becomes the first step penerapan sistem manajemen risiko Perseroan. in implementation of the Company’s risk Perseroan meyakini bahwa penerapan identifikasi management system. The Company believes that risiko secara akurat dan komprehensif sangat an accurate and comprehensive implementation penting untuk dilakukan. Perseroan senantiasa of risk identification is very important to be mengumpulkan data sebanyak mungkin conducted. The Company always gathers data as untuk melihat potensi risiko yang dilakukan much as possible to view risk potentials which is melalui survei, wawancara, data historis, dan conducted through surveys, interviews, historic brainstorming dalam rapat antar departemen. data, and brainstorming in division meetings. Risks Risiko yang dapat terjadi dalam aktivitas usaha that can happen in business activities generally umumnya bersumber dari unsur ketidakpastian come from uncertainty that causes pressure yang menyebabkan tertekannya profitabilitas on profitability that can cause losses. The risk hingga dapat menimbulkan kerugian. Proses identification process facilitates the Company identifikasi risiko memudahkan Perseroan untuk to determine the dangers posed related to the mengetahui bahaya yang ditimbulkan terkait Company’s business activities. aktivitas bisnis Perseroan.
Setelah itu, Perseroan melakukan pengendalian After that, the Company conducts risk control by risiko dengan menggunakan pendekatan using structured approach from risk assessment terstruktur mulai dari penilaian risiko hingga to strategy development to manage and compile pengembangan strategi untuk mengelola dan risk mitigation. Specifically for risk mitigation, menyusun mitigasi risiko. Khusus mitigasi risiko, the Company utilizes resources owned by the Perseroan menggunakan sumber daya yang Company. In this process, the Company complies dimiliki perusahaan. Dalam proses ini, Perseroan with a series of plans of handling programs menyusun serangkaian rencana kegiatan to minimize risk exposure. The Company also penanganan guna memperkecil eksposur risiko. evaluates the effectiveness of the risk management Perseroan juga melakukan evaluasi atas keefektifan system which is conducted regularly. sistem manajemen risiko yang dilakukan secara berkala.
Jenis Risiko dan Pengelolaannya Types and Management of Risks Sejalan dengan bidang usaha Perseroan, yaitu In accordance with the Company business, that is properti yang terutama berfokus pada perhotelan, the property sector focusing on hotels, some risk terdapat faktor-faktor risiko yang harus dihadapi, factors that must be faced are: terutama:
172 Risiko Persaingan usaha Business Competition Risk Untuk menghadapi persaingan usaha, Perseroan In facing the competition, the Company attempts berusaha meningkatkan kualitas pelayanan tamu to improve the service quality to the guests with dengan harga yang bersaing. Perseroan juga competitive price. In addition, the Company selalu berusaha melakukan inovasi-inovasi yang also continues conducting unique innovations in unik dalam pengelolaan hotel-hotelnya. managing the hotels.
Risiko Gangguan Keamanan Security Disturbance Risk Usaha Perseroan erat kaitannya dengan kondisi The Company’s business is very much related keamanan dalam negeri. Adanya beberapa negara to the domestic security condition. The travel yang mengeluarkan peringatan (Travel Warning) warning issued by several countries to their bagi warganya untuk bepergian ke Indonesia juga citizens who wish to travel to Indonesia affect mempengaruhi jumlah wisatawan yang akan ke the number of tourists travelling to Indonesia. Indonesia. Demikian pula dengan wisatawan lokal Domestic tourists also feel unsafe to travel that it yang merasa tidak aman sehingga berdampak impacts the occupancy rate. pada penurunan tingkat hunian (Occupancy Rate).
Guna meminimalisasi risiko, Perseroan juga telah To minimize the risks, the Company has covered mengasuransikan keseluruhan aset Perseroan all risk insurance for company assets, including seperti Gedung, kendaraan bermotor, mesin, building, vehicles, machines, furniture and others peralatan, furnitur, dan lain-lain dari kerusakan covering the damage caused by fire, natural akibat kebakaran, bencana alam, kerusuhan, serta disasters, riots and others as well from a Third- klaim Pihak Ketiga (Public Liabilities). Party claim (Public Liabilities).
Tinjauan atas Efektivitas Sistem Manajemen Overview on the Effectiveness of Risk Risiko Management System Secara berkala, Perseroan melakukan evaluasi atas Periodically, the company evaluates the efektivitas sistem manajemen risiko perusahaan effectiveness of risk management system in its antara lain dilakukan melalui: environment through: • Inovasi dan pengembangan usaha telah • Innovation and development efforts that dilakukan, misalnya dengan pengembangan have been conducted, for example better bisnis hotel dan pusat perbelanjaan secara development of hotel and shopping center lebih baik serta mulai masuk pembangunan businesses and initiative to enter into apartemen sebagai usaha barunya. apartment devlopment as thr new business. • Tindakan Perseroan dengan mengasuransikan • The Company actions to insure assets in all- secara all risk aset-asetnya maupun terhadap risk scheme as well as against third party claims klaim Pihak ketiga juga cukup efektif that are also quite effective to minimize extra meminimalkan pengeluaran ekstra Perseroan. expenditure of the Company.
PERKARA PENTING YANG DIHADAPI LEGAL CASES IN 2017 PERUSAHAAN TAHUN 2017 Pada tahun 2017, Perseroan tidak memiliki perkara In 2017, the Company had no legal cases. hukum.
173 INFORMASI SANKSI ADMINISTRATIF YANG INFORMATION ON ADMINISTRATIVE DIKENAKAN KEPADA PERUSAHAAN SANCTION IMPOSED ON THE COMPANY Sepanjang tahun 2017, tidak terdapat sanksi During the year, there has been no administrative administratif yang dikenakan kepada Perseroan, sanction imposed on the Company, Board of anggota Dewan Komisaris dan Direksi, oleh Commissioners and Board of Directors by the otoritas Pasar Modal dan otoritas lainnya. Capital Market Authorities or other authorities.
KODE ETIK COMPANY CODE OF CONDUCT
Pokok-Pokok Kode Etik Code of Conduct Principals Perseroan memiliki kode etik Perusahaan The Company has corporate codes of conduct yang menjadi bagian yang tidak terpisahkan which becomes an inseparable part of the dari peraturan internal Perseroan, dan wajib Company’s internal regulations, and must be diaplikasikan di seluruh lapisan Perseroan, dimana applied in all of the Company’s levels which merupakan perangkat dalam mendukung visi dan are instruments of support to the Company’s misi Perseroan. Adapun isi dari kode etik Perseroan vision and mission. The contents of the Code of adalah panduan bagi jajaran Direksi, karyawan, Conduct are guidelines for the Board of Directors, dan wakil-wakil perusahaan dalam menjalankan employees, and the Company’s representatives in aktivitas bisnis agar senantiasa sesuai dengan conducting their business activities in order to be aturan yang berlaku. always in accordance with prevailing regulations.
Secara rinci, informasi mengenai pokok-pokok In details, information on code of conduct kode etik sebagai berikut: principals is as follows: • Kewajiban individu dalam Perseroan • Individual’s obligation in the Company • Panduan hubungan Perseroan dengan • Relationship between the Company and karyawan employees • Panduan anti korupsi dan penyuapan • Guideline for anti-corruption and gratification • Panduan mengenai benturan kepentingan • Guideline for conflict of interest • Etika bisnis hubungan Perseroan dengan • Business ethics on the relationship of the pesaing Company with competitors • Etika bisnis hubungan Perseroan dengan • Business ethics on the relationship of the Pemerintah Company with the government • Etika bisnis hubungan Perseroan dengan • Business ethics on the relationship of the masyarakat Company with the public • Etika bisnis hubungan Perseroan dengan mitra • Business ethics on the relationship of the bisnis Company with business partners • Etika bisnis hubungan Perseroan dengan • Business ethics on the relationship of the pemegang saham, kreditur, dan investor lain Company with shareholders, creditors and other investors
Semua isi kode etik wajib ditaati dan berlaku All contents of code of ethics must be adhered bagi seluruh level organisasi meliputi anggota to and are applicable for all organization levels, Dewan Komisaris, anggota Direksi, dan karyawan covering the Board of Directors, Board of Perseroan. Commissioners and employees.
174 Penyebarluasan Kode Etik dan Dissemination of Code of Conduct and Penegakannya Enforcement Sosialisasi kode etik dan penegakannya dilakukan The dissemination and enforcement of code Perseroan kepada seluruh karyawan melalui on conduct is conducted by the Company to training, serta media penyaluran informasi lainnya all employees through training activities and seperti website perusahaan, dan lain-lain. other information distribution media, such as Company’s website and so on.
Jenis Sanksi Setiap Pelanggaran Kode Etik Types of Sanction for the Violation Against Code of Conduct Sanksi yang akan dikenakan oleh pelanggar akan Sanctions imposed on the violators are in line melalui proses dan prosedur yang berlaku, seperti with the prevailing processes and procedures, teguran, peringatan, dan skorsing dan apabila such as reprimand, warning letter, temporary pelanggaran berakibat fatal maka dikenakan suspension, and, if the violation may cause fatal pemutusan hubungan kerja. loss, employment termination.
Sepanjang tahun 2017, tidak terdapat pelanggaran Throughout 2017, no violations conducted by yang dilakukan oleh karyawan terhadap kode etik employees against the Company’s codes of Perseroan. conduct.
SISTEM PELAPORAN PELANGGARAN WHISTLEBLOWING SYSTEM Perseroan memiliki sistem pelaporan pelanggaran The Company has established a whistleblowing yang bertujuan untuk mendeteksi, mencegah, dan system that aims to detect, prevent and handle menanggulangi setiap pelanggaran yang terjadi. each violation that occurs. The whistleblowing Sistem pelaporan pelanggaran ini melibatkan system of the Company involves all employees in seluruh pegawai sehingga memberikan rasa aman order to provide safety for all parties interacting bagi seluruh pihak yang berinteraksi dengan with the Company. Perseroan.
Prosedur dan Tata Cara Penyampaian dan Procedures to Submit Report and Parties Pihak yang Mengelola Laporan Pelanggaran Managing the Report Setiap indikasi adanya pelanggaran, disampaikan Each indication of violation is submitted through melalui media email atau surat tertulis kepada emails or written letters to the Internal Audit, Internal Audit dengan tembusan kepada Human with a copy delivered to the Human Resources. Resources. Laporan harus memberikan indikasi The report shall provide early indication on the awal mengenai pelanggaran yang terjadi. Indikasi- violation, such as the reported issue, parties indikasi tersebut termasuk diantaranya masalah involved, time and the event of the violation. The yang dilaporkan, pihak yang terlibat, waktu whistleblower needs to also indicate on how they kejadian, dan bagaimana terjadinya kejadian shall be contacted so that the Company may gain tersebut. Pelapor juga harus mengindikasikan further information regarding the violation. tentang bagaimana pelapor dapat dihubungi untuk permintaan keterangan lebih lanjut.
Perlindungan bagi Pelapor Protection for Whistleblower Perseroan akan memberikan perlindungan The Company provides protection for terhadap pelapor atas laporan-laporan yang whistleblower for their reports. The protection masuk. Perlindungan tersebut meliputi: covers:
175 - Jaminan kerahasiaan identitas pelapor dan isi - Confidentiality guarantee of the identity of laporan yang disampaikan whistleblower and contents of the report - Jaminan perlindungan terhadap perlakuan - Protection guarantee against any conduct that yang merugikan pelapor may cause harm or loss to the whistleblower. - Jaminan perlindungan dari kemungkinan - Protection guarantee against the possibility of adanya tindakan balas dendam, pemecatan revenge, termination of work contract or other atau perilaku diskriminatif lainnya. discriminatory actions.
Penanganan Pengaduan Management of Whistleblowing Laporan akan diteliti oleh tim khusus yang ditunjuk Each incoming report shall be examined by a Perseroan. Laporan yang akan ditindaklanjuti special team appointed by the Company. The adalah laporan-laporan yang masuk pada kriteria reports to be followed-up are those that meet yang dinyatakan dalam lingkup kebijakan. Laporan- the criteria stated in the scope of policy and the laporan yang ditindaklanjuti akan dilaporkan development shall be reported periodically to perkembangannya secara periodik kepada pelapor the whistleblower and Board of Directors and/or dan Direksi dan/atau Dewan Komisaris Perseroan. Board of Commissioners of the Company. Follow- Tindak lanjut akan dihentikan jika diketahui bahwa up action shall end if the report is known as a fake laporan yang disampaikan merupakan laporan report and/or does not have supporting and string palsu dan/atau tidak didukung bukti-bukti yang evidence. kuat.
Hasil dari Penanganan Pengaduan Result of Whistleblowing Management Selama tahun 2017, tidak terdapat laporan During 2017, there has been no report on the pengaduan atas pelanggaran yang terjadi di violations that took place in the Company’s lingkungan bisnis Perseroan. business environment.
PERNYATAAN PEMENUHAN TERHADAP TATA STATEMENT OF GOOD CORPORATE KELOLA PERUSAHAAN GOVERNANCE FULFILLMENT Perseroan senantiasa menerapkan praktik terbaik The Company continues to implement the best dalam sistem tata kelola yang ada di Perseroan. practices of corporate governance system. Hence, Oleh karena itu, Perseroan menerapkan peraturan the Company has established rules or provisions atau ketentuan tata kelola perusahaan di bidang of corporate governance in capital market field pasar modal dan international best practices. Di as well as the international best practices. On the sisi lain, dengan diterbitkannya Peraturan Otoritas other hand, with the issuance of OJK Regulation Jasa Keuangan No. 51/POJK.03/2017 tentang No. 51/POJK.03/2017 on Implementation Penerapan Keuangan Berkelanjutan Bagi Lembaga of Sustainable Finance for Financial Services Jasa Keuangan, Emiten, Dan Perusahaan Publik, Institutions, Issuers, and Public Companies, the Perseroan berkomitmen untuk secara bertahap Company is committed to gradually implementing mengimplementasikannya. this regulation.
Sementara dalam kaitannnya dengan Bad Meanwhile, in relation to Bad Corporate Corporate Governance, Perseroan memastikan Governance, the Company ensures that each of bahwa setiap kegiatan operasional bisnis dilakukan its business and operational activity is carried out dengan standar dan prosedur operasional yang in compliance with the prevailing operational berlaku. Sepanjang tahun 2017, Perseroan tidak standards and procedures. Throughout the year, melakukan berbagai hal yang berkaitan dengan the Company has not performed actions related Bad Corporate Governance, sebagai berikut: to Bad Corporate Governance, which encompass
176 the following issues: 1) Tidak terdapat laporan sebagai perusahaan 1) There are no reports as a company yang mencemari lingkungan; that pollutes the environment; 2) Perkara penting yang sedang dihadapi oleh 2) Legal cases faced by the Company, Perusahaan, entitas anak, anggota Direksi dan/ subsidiaries, and members of atau anggota Dewan Komisaris yang sedang Board of Directors and/or Board of menjabat, seluruhnya telah diungkapkan Commissioners in office, have been dalam Laporan Tahunan; disclosed thoroughly in the Annual Report; 3) Kepatuhan dalam memenuhi kewajiban 3) Compliance with its responsibility to perpajakan; meet tax obligations; 4) Kesesuaian penyajian Laporan Tahunan dan 4) Conformity in the presentation of Laporan Keuangan dengan peraturan yang annual reports and financial statements berlaku dan Standar Akuntansi Keuangan; with the applicable regulations and SAK; 5) Tidak adanya kasus terkait dengan buruh dan 5) Absence of case related to labor and karyawan; employees; 6) Ketidaksesuaian antara Laporan Tahunan 6) Thiere is a non-conformity between hardcopy dengan laporan tahunan softcopy. the hardcopy and softcopy annual report.
PENERAPAN ATAS PEDOMAN TATA KELOLA IMPLEMENTATION OF CORPORATE PERUSAHAAN TERBUKA GOVERNANCE FOR PUBLIC COMPANIES Perseroan senantiasa tunduk dan patuh terhadap The Company always adheres to the ketentuan dan peraturan yang berlaku. Sebagai prevailing provisions and regulations. perusahaan publik, Perseroan juga menerapkan As a public company, the Company pedoman tata kelola perusahaan terbuka yang also implements corporate governance diterbitkan oleh Otoritas Jasa Keuangan (OJK). guidelines for public companies issued by the Financial Services Authority (OJK).
Beberapa rekomendasi penerapan pedoman Several recommendations in guidelines tata kelola perusahaan terbuka yang telah of corporate governance for public diimplementasikan oleh Perseroan sebagai companies implemented by the Company berikut: are as follows:
A. Hubungan Perusahaan Terbuka Dengan A. Relationship of Public Company Pemegang Saham Dalam Menjamin Hak-Hak with Shareholders in Ensuring Pemegang Saham Shareholders’ Rights
Prinsip 1 Principle 1 Meningkatkan Nilai Penyelenggaraan Rapat Improving the Convention Value of Umum Pemegang Saham. General Meeting of Shareholders
177 No Rekomendasi / Recommendation Keterangan / Description 1 Perusahaan Terbuka memiliki cara Sudah memenuhi. / Implemented. atau prosedur teknis pengumpulan suara (voting) baik secara terbuka Tata cara pengumpulan suara (voting) diatur dalam tata maupun tertutup yang mengedepankan tertib Rapat Umum Pemegang Saham. / Procedures for independensi, dan kepentingan pemegang voting are contained in General Meeting of Shareholders’ saham. / Public Companies have a rules. technical method or procedure for voting, either openly or in a closed manner, that prioritizes independency and shareholders’ interest. 2 Seluruh anggota Direksi dan anggota Sudah memenuhi. / Implemented. Dewan Komisaris Perusahaan Terbuka hadir dalam Rapat Umum Pemegang Seluruh anggota Direksi dan Dewan Komisaris Saham Tahunan. / All members of menghadiri Rapat Umum Pemegang Saham 2017. / the Board of Directors and Board of All members of the Board of Directors and Board of Commissioners attend the Annual General Commissioners attend the Annual General Meeting of Meeting of Shareholders. Shareholders. 3 Ringkasan risalah Rapat Umum Pemegang Sudah memenuhi. / Implemented. Saham tersedia dalam Situs Web Perusahaan Terbuka paling sedikit selama 1 Risalah Rapat Umum Pemegang Saham telah tersedia (satu) tahun. / Summary of GMS is available dalam situs web Perseroan. / Minutes of General Meeting on the Company’s official website at least of Shareholders are available on the Company’s website. for 1 (one) year.
Prinsip 2 Principle 2 Meningkatkan Kualitas Komunikasi Perusahaan Improving the Communication Quality of Public Terbuka dengan Pemegang Saham atau Investor. Companies with Shareholders or Investors.
No Rekomendasi / Recommendation Keterangan / Description 1 Perusahaan Terbuka memiliki suatu Sudah memenuhi. / Implemented. kebijakan komunikasi dengan Pemegang Saham atau Investor. / Public Company Kebijakan komunikasi dengan Pemegang Saham atau has a policy on communication with Investor termasuk dalam kode etik Perseroan. / Policy Shareholders or Investors. on communication with Shareholders or Investors is stipulated in the Company’s Code of Conduct. 2 Perusahaan Terbuka mengungkapkan Sudah memenuhi. / Implemented. kebijakan komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor Penyampaian informasi Perseroan telah memenuhi dalam situs web. / Public Company syarat Keterbukaan Informasi bagi pemegang saham dan discloses policy on communication with investor. / Shareholders or Investors on a website.
B. Fungsi dan Peran Dewan Komisaris B. Functions and Roles of Board of Commissioners
Prinsip 3 Principle 3 Memperkuat Keanggotaan dan Komposisi Dewan Strengthening the Membership and Composition Komisaris. of Board of Commissioners.
178 No Rekomendasi / Recommendation Keterangan / Description 1 Penentuan jumlah anggota Dewan Sudah memenuhi. / Implemented. Komisaris mempertimbangkan kondisi Perusahaan Terbuka. / Determination of Saat ini Dewan Komisaris perusahaan beranggotakan 4 members of the Board of Commissioners orang. Jumlah ini telah disesuaikan dengan karakteristik, considers Public Company’s condition. kapasitas, dan ukuran perusahaan. / The current Board of Commissioners is composed of 4 people. The quantity has been adjusted to the Company’s characteristics, capacity and size. 2 Penentuan komposisi anggota Dewan Sudah memenuhi. / Implemented. Komisaris memperhatikan keberagaman keahlian, pengetahuan dan pengalaman Anggota Dewan Komisaris mempunyai beragam yang dibutuhkan. / Determination of keahlian, pengetahuan dan pengalaman yang composition of members of the Board of dibutuhkan Perseroan. / Members of Board of Commissioners considers the diversity of Commissioners have various expertise, knowledge and the required expertise, knowledge, and experience required by the Company. experience.
Prinsip 4 Principle 4 Meningkatkan Kualitas Pelaksanaan Tugas dan Improving the Quality of Duties and Responsibilities Tanggung Jawab Dewan Komisaris. of Board of Commissioners.
No Rekomendasi / Recommendation Keterangan / Description 1 Dewan Komisaris mempunyai kebijakan Sudah memenuhi. / Implemented. penilaian sendiri (self assessment) untuk menilai kinerja Dewan Komisaris. / Self Assessment atas kinerja Dewan Komisaris The Board of Commissioners has self- telah diungkapkan sebagaimana mengacu pada assessment to assess the performance of self assessment Good Corporate Governance. / the Board of Commissioners. Self-assessment on the performance of Board of Commissioners has been disclosed in reference to the self-assessment of Good Corporate Governance. 2 Kebijakan penilaian sendiri (self Sudah memenuhi. / Implemented. assessment) untuk menilai kinerja Dewan Komisaris, diungkapkan melalui Laporan Perseroan mengungkapkan kebijakan ini dalam laporan Tahunan Perusahaan Terbuka. / Policy on tahunan. / The policy is affirmed in the Company’s self assessment to assess the performance annual report. of the Board of Commissioners is disclosed in Annual Report. 3 Dewan Komisaris mempunyai kebijakan Sudah memenuhi. / Implemented. terkait pengunduran diri anggota Dewan Komisaris apabila terlibat dalam kejahatan Piagam Komisaris telah menyatakan bahwa anggota keuangan. / The Board of Commissioners Dewan Komisaris wajib berkomitmen untuk mematuhi has policy on resignation of member of the peraturan perundang-undangan yang berlaku. Board of Commissioners if he is involved in Pemberhentian anggota Dewan Komisaris diatur dalam financial crime. Piagam Komisaris dan anggaran dasar. / The Board of Commissioners’ Charter states that members of Board of Commissioners are obliged to commit themselves to complying with the prevailing laws and regulations. Dismissal of members of Board of Commissioners is stipulated in the Board of Commissioners’ Charter and Articles of Association.
179 4 Dewan Komisaris atau komite yang Sudah memenuhi. / Implemented. menjalankan fungsi nominasi dan remunerasi menyusun kebijakan suksesi Piagam Komisaris telah menyatakan bahwa Dewan dalam proses nominasi anggota Direksi. Komisaris bertanggung jawab membuat rekomendasi / The Board of Commissioners or dalam kaitan dengan pencalonan dan pengupahan Committee running the Nomination and Direksi dan Dewan Komisaris. / The Board Remuneration functions shall prepare of Commissioners’ Charter states that the Board policy of succession in Nomination process of Commissioners is responsible for making of the Board of Directors. recommendations in relation to the nomination and remuneration of the Board of Directors and Board of Commissioners.
C. Fungsi dan Peran Direksi C. Functions and Roles of Board of Directors
Prinsip 5 Principle 5 Memperkuat Keanggotaan dan Komposisi Direksi. Strengthening Membership and Composition of Board of Directors
No Rekomendasi / Recommendation Keterangan / Description 1 Penentuan jumlah anggota Direksi Sudah memenuhi. / Implemented. mempertimbangkan kondisi Perusahaan Terbuka serta efektivitas dalam Saat ini Direksi perusahaan beranggotakan 5 orang. pengambilan keputusan. / Determination Jumlah ini telah disesuaikan dengan karakteristik, of members of the Board of Directors kapasitas, dan ukuran Perseroan. / The current Board considers the Company’s condition and of Directors is composed of 5 people. The quantity has effectiveness in making decisions. been adjusted to the Company’s characteristics, capacity and size. 2 Penentuan komposisi anggota Direksi Sudah memenuhi. / Implemented. memperhatikan, keberagaman keahlian, pengetahuan, dan pengalaman Anggota Direksi mempunyai beragam keahlian, yang dibutuhkan. / Determination of pengetahuan dan pengalaman yang dibutuhkan composition of the Board of Directors Perseroan. / Members of Board of Directors have various considers the diversity of the required expertise, knowledge and experience required by the expertise, knowledge, and experience. Company. 3 Anggota Direksi yang membawahi bidang Sudah memenuhi. / Implemented. akuntansi atau keuangan memiliki keahlian dan/atau pengetahuan di bidang akuntansi. Direktur yang membawahi bidang akuntansi dan / Members of the Board of Directors who keuangan mempunyai latar belakang pendidikan are in charge of accounting or finance have akuntansi dan keuangan. / Director who is in charge of expertise and/or knowledge in accounting accounting and finance has educational background in field. accounting and finance.
Prinsip 6 Principle 6 Meningkatkan Kualitas Pelaksanaan Tugas dan Improving the Quality of Duties and Responsibilities Tanggung Jawab Direksi. of Board of Directors.
180 No Rekomendasi / Recommendation Keterangan / Description 1 Direksi mempunyai kebijakan penilaian Sudah memenuhi. / Implemented. sendiri (self assessment) untuk menilai kinerja Direksi. / The Board of Directors has Hal ini tertuang dalam piagam Direksi dan telah self-assessment to assess the performance dikemukakan dalam laporan tahunan / This has been of the Board of Directors. stipulated in the Board of Directors’ Charter and has been stated in the annual report. 2 Kebijakan penilaian sendiri (self Sudah memenuhi. / Implemented. assessment) untuk menilai kinerja Direksi diungkapkan melalui Laporan Tahunan Perseroan menegaskan kebijakan ini dalam laporan Perusahaan Terbuka. / Policy on self tahunan perseroan. / The policy is affirmed in the assessment to assess the performance Company’s annual report of the Board of Directors is disclosed in annual report of the Company. 3 Direksi mempunyai kebijakan terkait Sudah memenuhi. / Implemented. pengunduran diri anggota Direksi apabila terlibat dalam kejahatan keuangan. / Piagam Direksi telah menyatakan bahwa anggota The Board of Directors has policy on Direksi wajib berkomitmen untuk mematuhi peraturan resignation of members of the Board of perundang-undangan yang berlaku. Pemberhentian Directors if he/she is involved in financial anggota Direksi diatur dalam piagam Direksi dan crime. anggaran dasar. / The Board of Directors’ Charter states that members of Board of Directors are obliged to commit themselves to complying with the prevailing laws and regulations. Dismissal of members of Board of Directors is stipulated in the Board of Directors’ Charter and Articles of Association.
D. Partisipasi Pemangku Kepentingan D. Participation of Stakeholders
Prinsip 7 Principle 7 Meningkatkan Aspek Tata Kelola Perusahaan Improving Corporate Governance Aspect through melalui Partisipasi Pemangku Kepentingan. Stakeholders’ Participation.
No Rekomendasi / Recommendation Keterangan / Description 1 Perusahaan Terbuka memiliki kebijakan Sudah memenuhi. / Implemented. untuk mencegah terjadinya insider trading. / Public Company has policy to prevent Kebijakan ini merupakan bagian dari kode etik insider trading. perusahaan. / The policy is a part of the Company’s code of conduct. 2 Perusahaan Terbuka memiliki kebijakan Sudah memenuhi. / Implemented. anti korupsi dan anti fraud. / Public Company has anti-corruption and anti- Kebijakan ini merupakan bagian dari kode etik fraud policies. perusahaan. / The policy is a part of the Company’s code of conduct. 3 Perusahaan Terbuka memiliki kebijakan Sudah memenuhi. / Implemented. tentang seleksi dan peningkatan kemampuan pemasok atau vendor. / Public Kebijakan ini merupakan bagian dari kode etik Company has policy on selection and perusahaan. / The policy is a part of the Company’s code improvement of capability of suppliers or of conduct. vendors.
181 4 Perusahaan Terbuka memiliki kebijakan Sudah memenuhi. / Implemented. tentang pemenuhan hak-hak kreditur. / Public Company has policy on fulfillment Kebijakan ini merupakan bagian dari kode etik of rights of creditors. perusahaan. / The policy is a part of the Company’s code of conduct. 5 Perusahaan Terbuka memiliki kebijakan Sudah memenuhi. / Implemented. system whistle blowing. / Public Company has whistle blowing system and policy. Perusahaan telah mempunyai kebijakan system whistle- blowing dan telah diungkapkan dalam laporan tahunan. / The Company has established a whistle blowing system and policy 6 Perusahaan Terbuka memiliki kebijakan Sudah memenuhi. / Implemented. pemberian insentif jangka panjang kepada Direksi dan Karyawan. / Public Company Kebijakan ini sudah termasuk dalam kebijakan internal has policy on long-term incentive provision Perusahaan. / The policy is a part of the Company’s to the Board of Directors and employees. internal policy.
Prinsip 8 Principle 8 Meningkatkan Pelaksanaan Keterbukaan Improving the Implementation of Information Informasi. Disclosure.
No Rekomendasi / Recommendation Keterangan / Description 1 Perusahaan Terbuka memanfaatkan Sudah memenuhi. / Implemented. penggunaan teknologi informasi secara lebih luas selain Situs Web sebagai media Perusahaan telah menggunakan teknologi informasi keterbukaan informasi. / Public Company sebagai media keterbukaan informasi, seperti surat utilizes information technology in a kabar, web, dan lain-lain. / The Company uses broader way in addition to Website as information technology as information disclosure media, media for information disclosure. such as newspaper, website and so on. 2 Laporan Tahunan Perusahaan Terbuka Belum memenuhi. / Has not been implemented. mengungkapkan pemilik manfaat akhir dalam kepemilikan saham Perusahaan Perusahaan telah mengungkapkan pemegang saham Terbuka paling sedikit 5% (lima persen), dengan kepemilikan diatas 5% sesuai dengan peraturan selain pengungkapan pemilik manfaat akhir yang berlaku. Namun, perusahaan tidak mempunyai dalam kepemilikan saham Perusahaan data manfaat akhir dari setiap pemegang saham Terbuka melalui pemegang saham utama tersebut. / The Company has disclosed the shareholder dan pengendali. / The Annual Report of with ownership of more than 5% in accordance with the Public Company discloses the ultimate prevailing regulations. However, the Company has no beneficiary owner in share ownership in data on ultimate beneficiary owner of each shareholder. the Company at least 5% (five percent), in addition to disclosure of ultimate beneficiary owner in share ownership in the Company through major and controlling shareholders
182 Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility
Perseroan menerapkan prinsip Tata Kelola The Company implements the principles of Good Perusahaan yang Baik dengan menyasar pada Corporate Governance by targeting the stake- Pemangku Kepentingan secara luas, yakni holders in general, i.e. consumers of the Compa- konsumen Perseroan, masyarakat sekitar, dan ny, surrounding communities, as well as the en- juga terhadap lingkungan. Kebijakan Perseroan vironment. The Corporate Social Responsibility mengenai Tanggung Jawab Sosial Perusahaan policy of the Company is summarized in its Code (Corporate Social Responsibility) terangkum di of Conduct applied to all elements within the dalam Kode Etik Perseroan yang diberlakukan Company, in order to support the achievement of kepada seluruh elemen di dalam Perseroan demi Corporate Social Responsibility objectives to build mendukung tujuan Corporate Social Responsibility trust with stakeholders towards the Company. Perseroan untuk membangun kepercayaan para pemangku kepentingan terhadap Perseroan.
Berdasarkan ketentuan Otoritas Jasa Keuangan Based on the provisions of Financial Services Au- (OJK) melalui Surat Edaran Otoritas Jasa keuangan thority (OJK) through Financial Services Authori- No. 30/POJK.04/2016 tentang Bentuk dan Isi ty Circular Letter No. 30/POJK.04/2016 on Form Laporan Tahunan Emiten atau Perusahaan Publik, and Contents of Annual Report of Issuers or Public kegiatan Corporate Social Responsibility Perseroan Companies, the Company’s Corporate Social Re- meliputi: sponsibility activities include: • Ketenagakerjaan, Kesehatan, dan Keselamatan • Manpower and Occupational Health and Kerja; Safety; • Lingkungan Hidup; • Environment; • Pengembangan Sosial dan Kemasyarakatan; • Social and Community Development; and dan • Tanggung Jawab terhadap Konsumen. • Responsibility to Consumers.
DASAR KEBIJAKAN POLICY BASIS Seluruh Kebijakan Corporate Social Responsibility The policies of Company’s Corporate Social Re- Perseroan berlandaskan kebijakan umum dan sponsibility are based on the prevailing general peraturan yang berlaku di Indonesia, antara lain: policies and regulations in Indonesia, among oth- • Undang-Undang No. 40 Tahun 2007 tentang ers: Perseroan Terbatas (UUPT): • Law No. 40 of 2007 on Limited Liability • Pasal 1 angka 3 UUPT, Tanggung Jawab Sosial Company (UUPT): dan Lingkungan (TJSL) adalah komitmen • Article 1 number 3 of UUPT, Social and perseroan untuk berperan serta dalam Environmental Responsibility is the company’s pembangunan ekonomi berkelanjutan commitment to actively participating in
183 guna meningkatkan kualitas kehidupan sustainable economic development in order dan lingkungan yang bermanfaat, baik bagi to improve life quality and benefit for the perseroan sendiri, komunitas setempat, environment, either for the company itself, maupun masyarakat pada umumnya. local community, or public in general. • Pasal 74 butir b UUPT, Tanggung Jawab • Article 74 point b of UUPT, Social and Sosial dan Lingkungan (TJSL) ini merupakan Environmental Responsibility is the obligation kewajiban perseroan yang dianggarkan dan of the company that is budgeted and calculated diperhitungkan sebagai biaya perseroan as company’s expenses. The implementation is yang pelaksanaannya dilakukan dengan conducted by taking into account the feasibility memperhatikan kepatutan dan kewajaran. and fairness aspects. • Pasal 6 Peraturan Pemerintah Nomor 47 • Article 6 of the Government Regulation No. Tahun 2012 tentang Tanggung Jawab 47 of 2012 on Social and Environmental Sosial dan Lingkungan Perseroan Terbatas Responsibility of Limited Liability Companies, bahwa pelaksanaan TJSL tersebut dimuat which states that the Social and Environmental dalam laporan tahunan perseroan dan Responsibility shall be included in the dipertanggungjawabkan kepada RUPS. company’s annual report and held accountable in the GMS.
Dampak Kuantitatif Quantitative Impact Sepanjang 2017, Perseroan telah mengeluarkan Over the course of 2017, the Company has ex- biaya sebesar Rp149,23 juta untuk pelaksanaan pended Rp149.23 million for the implementation kegiatan Corporate Social Responsibility . of CSR activities.
TANGGUNG JAWAB SOSIAL BIDANG LINGKUNGAN HIDUP SOCIAL RESPONSIBILITY TO THE ENVIRONMENT
Target Kegiatan Target of Activity Pada tahun 2017, Perseroan telah melakukan The Company has carried out several efficiency beberapa efisiensi terkait penggunaan energi dan activities in 2017 in relation to energy utilization berkontribusi dalam pelestarian lingkungan. Oleh and contributed to the preservation of the envi- karena itu, Perseroan akan lebih meningkatkan ronment. The Company will continue to improve kontribusinya terkait tanggung jawab sosial its contribution regarding social responsibility to terhadap lingkungan di masa mendatang. the environment in the future.
Kegiatan yang Dilakukan Activities Perseroan memiliki instruksi kerja untuk proses The Company has established a work instruction dan prosedur kegiatan pembuangan sampah for waste disposal process and procedure, which dan pengelolaan sampah. Kegiatan ini mencakup includes selection and management of recyclable pemilihan dan pengelolaan sampah daur ulang and non- recyclable waste, as well as manage- dan tidak dapat didaur ulang, serta pengelolaan ment of temporary waste disposal area. tempat pembuangan sampah sementara.
Penanaman Pohon Tree Planting Perseroan juga memberikan kepedulian terhadap The Company also provides environmental lingkungan melalui program penanaman pohon awareness activity through tree planting programs yang berfungsi sebagai netralisir kadar CO2 di which aim to neutralize the level of CO2 in the air.
184 udara. Selain itu, penanaman pohon juga berfungsi In Batam area, tree planting activity also serves as sebagai penahan abrasi pantai di wilayah Batam. a coastal abrasion retainer. This program is con- Program penanaman pohon dilakukan di setiap ducted annually in every Company’s business unit unit usaha Perseroan setiap tahunnya sebagai as a routine agenda. agenda rutin.
TANGGUNG JAWAB SOSIAL BIDANG KETENAGAKERJAAN, KESEHATAN DAN KESELAMATAN KERJA SOCIAL RESPONSIBILITY IN MANPOWER, OCCUPATIONAL HEALTH AND SAFETY
Target Kegiatan Target of Activity Corporate Social Responsibility terkait dengan Corporate Social Responsibility activity related to ketenagakerjaan pada tahun 2017 adalah manpower aspect in 2017 was conducted through melaksanakan pengelolaan Human Capital dengan Human Capital management by applying an equal menerapkan sistem kesetaraan kesempatan dalam opportunity system in the implementation of re- pelaksanaan program rekrutmen, kesempatan cruitment programs, employment opportunities kerja dan program-program pengembangan and employee development programs as well as pegawai serta implementasi hubungan industrial. in the implementation of industrial relations.
Kegiatan yang Dilakukan Activities
Pengembangan Kompetensi Competency Development Perseroan melaksanakan program pengembangan The Company conducts competency develop- kompetensi kepada segenap karyawan sebagai ment programs to all employees as a means of sarana dalam peningkatan kompetensi Sumber increasing Human Resources’ competence, in Daya Manusia sesuai dengan standar kerja yang accordance with the standards established by the ditetapkan Perseroan. Kegiatan ini dilaksanakan Company. This activity is carried out as the Com- karena Perseroan memahami bahwa kompetensi pany understands that individual competencies individual Sumber Daya Manusia dapat of Human Resource of the Company can support mendukung pelaksanaan visi dan misi Perseroan the achievement of vision and mission through melalui kinerja strategis Perusahaan. Oleh karena its strategic performance. Therefore, employee itu, peningkatan kompetensi karyawan menjadi competence improvement becomes one of the salah satu tanggung jawab Perseroan. Company’s responsibilities.
Perseroan senantiasa berupaya meningkatkan The Company strives to improve employees’ ca- kapasitas dan kapabilitas karyawan melalui pacity and capability through a series of training serangkaian program pelatihan yang diikuti programs attended by all employees. These train- oleh seluruh karyawan. Program pelatihan yang ing programs are conducted with comprehensive dilakukan dengan pendekatan komprehensif ini approach and have a positive impact on employ- memberikan dampak positif kepada karyawan ees as demonstrated by increased motivations, dengan adanya peningkatan motivasi, kepatuhan, compliances, and loyalties of program partici- dan loyalitas para peserta program. pants.
Hubungan Industrial Industrial Relations Berdasarkan Undang-Undang No. 13 tahun 2013 Based on the Law No. 13 of 2013 on Manpower,
185 tentang Ketenagakerjaan, Perseroan bekerja the Company cooperates with labor union to en- sama dengan serikat pekerja untuk memastikan sure the Occupational Health and Safety aspect is Keselamatan dan Kesehatan Kerja yang diatur stipulated in the Collective Labor Agreement and dalam Perjanjian Kerja Bersama (PKB) dan Company’s Regulations. Peraturan Perusahaan.
Kegiatan Keagamaan Religious Activities Perseroan mengadakan kegiatan-kegiatan The Company conducts religious activities as a keagamaan sebagai wadah kebersamaan karyawan forum for employees’ togetherness in the work- di lingkungan kerja. Kegiatan ini dilakukan di place. This activity is conducted in the work en- lingkungan kerja guna menjaga hubungan antara vironment to maintain the balance between em- kebutuhan fisik dan kebutuhan rohani ditengah ployees’ physical needs and spiritual needs amidst kondisi kerja yang penuh tekanan dan kelelahan, the stressful and tiring working conditions, and to sehingga kegiatan ini dapat berdampak pada give relaxation for employees in their work. relaksasi karyawan dalam bekerja.
Kesehatan dan Keselamatan Kerja (K3) Occupational Health and Safety (OHS) Penerapan program K3 dimaksudkan untuk The implementation of Occupational Health and mewujudkan lingkungan kerja yang aman, Safety program is intended to create a safe, com- nyaman, dan sehat bagi segenap karyawan. fortable and healthy work environment for all em- Kesehatan karyawan yang terjaga menjadi salah ployees. Employee’s health is one of the crucial satu sebab terjaganya kinerja Perseroan. Potensi reasons to maintain the Company’s performance. kecelakaan kerja dapat terjadi selama bekerja, baik The potential for accidents can occur during work, dari segi teknis maupun non-teknis. both in terms of technical and non-technical.
Di samping itu, Perseroan juga mengikutsertakan In addition, the Company also engages its em- karyawannya dalam program Badan ployees in Badan Penyelenggara Jaminan Sosial Penyelenggara Jaminan Sosial (BPJS) Kesehatan (BPJS) Kesehatan (Health Social Security Admin- dan asuransi kesehatan tambahan melalui Asuransi istrative Bodies) and additional health insurance Kesehatan Komersial (Non-BPJS) sebagai bentuk through Commercial Health Insurance (Non-BP- jaminan kesehatan dan keselamatan kerja bagi JS) program as a form of health and safety insur- karyawan Perseroan. Perseroan juga memberikan ance for the Company’s employees. The Compa- bantuan biaya melahirkan dan bantuan pembelian ny also provides helps for childbirth expenses and kacamata kepada karyawannya. eyeglasses to its employees.
Sertifikasi Certifications Pada 2017, Perseroan mendapatkan beberapa In 2017, the Company obtained several certifi- sertifikasi terkait kegiatan usaha yang cations related to its business activities, among dijalankannya, antara lain; others: - Sertifikasi Kompetensi Penyedia Makanan & - Certificate of Competence for Food & Minuman dari BNSP (Badan Nasional Sertifikasi Beverages Provider from BNSP (Badan Nasional Profesi). Sertifikasi Profesi). - Sertifikat Kursus Hygiene Sanitasi Makanan - Certificate of Food Sanitation & Hygiene dari Pemerintah Provinsi Dinas Kesehatan DKI Course from the Health Department of DKI Jakarta. Jakarta Provincial Government.
186 TANGGUNG JAWAB SOSIAL BIDANG PENGEMBANGAN SOSIAL DAN KEMASYARAKATAN RESPONSIBILITY IN SOCIAL AND COMMUNITY DEVELOPMENT
Target Kegiatan Target of Activity Kegiatan Corporate Social Responsibility yang Corporate Social Responsibility activities relat- terkait dengan sosial kemasyarakatan pada tahun ed to social community conducted in 2017 were, 2017 adalah memberikan bantuan pendidikan, among others, provisions of educational assis- dan bantuan sosial kemasyarakatan dalam rangka tances as well as social assistances, such as help- membantu korban bencana alam gunung meletus ing the natural disaster victims of volcano eruption di Bali. Ke depannya, Perseroan berkomitmen in Bali. Going forward, the Company is committed untuk terus meningkatkan anggaran kegiatan to continuously increasing its budget for Corpo- Corporate Social Responsibility seiring dengan rate Social Responsibility activities in line with the tuntutan keseimbangan antara kebutuhan demand for a balance between public needs and masyarakat dengan profit Perseroan. Company’s profit.
Kegiatan yang Dilakukan Activities Kegiatan yang dilaksanakan Perseroan didasari Activities undertaken by the Company are based oleh kode etik Perseroan dalam menjaga on the Company’s code of conduct to maintain kesinambungan antara aktivitas bisnis dan the sustainability of business activities and com- kepedulian kepada masyarakat. Perseroan munity awareness. The Company assigns oper- menugaskan setiap manajemen operasional di tiap ational management in each region to launch wilayah untuk mencanangkan program-program programs that are relevant and beneficial to the yang relevan dan bermanfaat bagi masyarakat surrounding community. sekitar.
Bantuan Korban Bencana Alam Support for Natural Disaster Victims Dengan meletusnya Gunung Agung di Bali, unit With the eruption of Mount Agung in Bali, the usaha Perseroan memberikan bantuan bagi korban Company’s business units provide donation to the dan masyarakat sekitar letusan Gunung Agung. victims and communities around the area impact- Bantuan diberikan berupa kebutuhan sehari- ed by Mount Agung eruption in the form of daily hari, donasi yang diharapkan dapat meringankan necessities. The Company expects that through beban korban bencana alam. these donations, the burden of natural disaster victims can be lessened.
Kegiatan Keagamaan Religious Activity Sebagai warga korporasi yang baik, Perseroan As a good corporate citizen, the Company always senantiasa menjaga hubungan dengan maintains good relationships with all stakeholders seluruh pemangku kepentingan guna tercipta in order to create a balance between business ac- keseimbangan antara kegiatan usaha dan tivities and environmental awareness. The Com- lingkungan sekitar. Perseroan aktif berperan pany actively participates in religious activities in serta dalam kegiatan keagamaan di masyarakat the community, among others, by providing sacri- diantaranya dengan memberikan hewan kurban ficial animals in the mosques around the business di masjid sekitar lokasi usaha. location.
Kegiatan Pendidikan Masyarakat Community Education Activities Perseroan sangat peduli pada peningkatan kualitas The Company is extremely aware of the needs to
187 intelektual masyarakat, oleh karena itu Perseroan improve the intellectual quality of the community. aktif dalam kegiatan pendidikan masyarakat Therefore, the Company actively participates in dengan memberikan bantuan dan buku kepada public education activities, among others, by pro- siswa Sekolah Dasar di Bali. viding assistances and donating books to Elemen- tary School students in Bali.
Donor Darah Blood Donation Perseroan rutin mengadakan donor darah di The Company routinely conducts blood donation unit-unit usaha dan dikumpulkan di bank darah activities in business units. The donated blood is untuk diteruskan pada yang membutuhkan. then collected in the blood bank to be used by Kegiatan ini dilakukan bersama dengan Palang those in need. Blood donation activities are con- Merah Indonesia dengan melibatkan karyawan ducted jointly with the Indonesian Red Cross by Perseroan. involving the Company’s employees.
TANGGUNG JAWAB SOSIAL TERHADAP PELANGGAN SOCIAL RESPONSIBILITY TO CUSTOMERS
Target Kegiatan Target of Activity Perseroan memiliki komitmen untuk meningkatkan The Company is committed to improving custom- kepuasan pelanggan dengan standar operasional er satisfaction with strict standard operating pro- prosedur yang ketat. cedures.
Kegiatan yang Dilakukan Activities Perseroan yang bergerak di bidang pelayanan As a company engaging in the service of accom- akomodasi (hotel) dituntut untuk selalu menjaga modation (hotel), the Company is required to kenyamanan pelanggannya, oleh karena itu setiap always maintain its customers’ comfort. Hence, karyawan diikutsertakan dalam pelatihan tentang every employee is obliged to attend training ac- pelayanan pelanggan yang dapat memberikan tivities on customer service in order to provide kepuasan. Hasil pelatihan itu kemudian ditinjau satisfaction for all customers. The results of train- dan diuji oleh pihak yang berwenang dan diberikan ing are reviewed and tested by the authorities, sertifikasi sebagai bukti bahwa Perseroan telah and certified as evidence that the Company has menerapkan standar operasional kerja di bidang implemented standard operating procedures in hospitality. the hospitality field.
Sertifikasi Certification Pada 2017, Perseroan mendapatkan Sertifikasi Laik In 2017, the Company obtained the Certification Sehat Usaha Restoran dari PTSP Tanah Abang. of Good Health for Restaurant Business from PTSP Tanah Abang.
188 KEGIATAN TANGGUNG JAWAB PERUSAHAAN TAHUN 2017 / CSR ACTIVITIES IN 2017
JAKARTA
HARRIS Suites fX Sudirman - Jakarta
Tanggal Lokasi Jenis Kegiatan / Type of Nama Penerima Bantuan / Name Bentuk Bantuan / Kegiatan / Date Kegiatan / Activity of Recipient Form of Support of Activity Location
20-11-2017 Sosialisasi Kanker Serviks Seluruh Karyawan HARRIS Suites Meeting Sosialisasi & & Pemeriksaan Pap fX Sudirman - Jakarta, tamu- Room F5 Pemeriksaan Gratis / Smear / Dissemination of tamu hotel & peserta umum Dissemination & Free Cervical Cancer and Pap lainnya / All employees of HARRIS Examination Smear Examination Suites fX Sudirman - Jakarta, hotel guests and other public participants 5-12-2017 Donor darah / Blood Seluruh Karyawan HARRIS Suites F5 Lobby Donor Darah dengan donation fX Sudirman - Jakarta, tamu- HARRIS target 70 kantong tamu hotel & peserta umum Café darah / Blood lainnya / All employees of HARRIS Donation with the Suites fX Sudirman - Jakarta, target of 70 blood hotel guests and other public bags participants
BATAM
HARRIS Hotel Batam Center-Batam
Tanggal Lokasi Nama Penerima Bantuan Bentuk Bantuan / Kegiatan / Date Jenis Kegiatan / Type of Activity Kegiatan / / Name of Recipient Form of Support of Activity Location
11-4-2017, Komitmen kesetaraan / Equality ISCO (Indonesian Street Jakarta Bantuan keuangan / 21-8-2017, commitment Children Organization) Financial support 4-10-2017 melalui TAUZIA Hotel Management
6-3-2017 Festival Hijau ATB - BP Batam / Masyarakat lingkungan Batam Bibit pohon / Tree Green Festival ATB - BP Batam duriangkang / seeds Community of duriangkang
22-8-2017 Penanaman Sejuta Pohon Kantor Dinas Lingkungan Sei Bedug Bibit pohon mangrove Mangrove dengan Kantor Hidup Kota Batam / Batam / Mangrove tree seeds Dinas Lingkungan Hidup Kota Environment Office of Batam / Planting of One Million Batam Mangrove Trees in cooperation with Environment Office of Batam
2-10-2017 Penyemprotan Nyamuk Masyarakat penghuni Batam Fogging Massal / Mass Demam Berdarah di Kampung rumah liar di Kampung fogging activity Utama bersama panitia 6th Belian, Batam Center / HARRIS Hotel Batam Center People living in Kampung Anniversary / Fogging Activity Belian area of Batam to Eliminate Dengue Fever at Center Kampung Utama together with organization team of the 6th HARRIS Hotel Batam Center Anniversary
189 Harris Resort Waterfront Batam
Tanggal Lokasi Jenis Kegiatan / Nama Penerima Bantuan / Name of Bentuk Bantuan / Form Kegiatan / Date Kegiatan / Type of Activity Recipient of Support of Activity Location
11-8-2017 HARRIS Resort Anak-anak Mengkada Island / Mengkada Alat Tulis dan Buku / Waterfront Batam Children of Mengkada Island Island, Batam Stationery and Books Anniversary 15th, Charity program will be visiting “Mengkada Island” 10-12-2017 HARRIS Day 2017 Anak terlantar / Homeless children HARRIS Education donation for Resort homeless children Barelang
6-Mar-17 ATB-BP Batam Warga Duriangkang, Batam / Duriangkang, Bibit Pohon / Tree Green festival Community at Duriangkang, Batam Batam seeds
22-Jul-17 Penanaman Warga Sei Beduk, Batam / Sei Beduk Bibit Pohon Mangrove Pohon Bakau / Community at Sei Beduk, Batam Batam / Mangrove Tree Seeds Mangrove Tree Planting
BALI
HARRIS Hotel Tuban – Bali
Tanggal Lokasi Nama Penerima Bantuan Bentuk Bantuan / Kegiatan / Date Jenis Kegiatan / Type of Activity Kegiatan / / Name of Recipient Form of Support of Activity Location
Monthly TAUZIA Equal Chance ISCO Jakarta Bantuan Keuangan / Financial Support
Maret-17 CSR Book Donation SDN 2 Dauh Puri Bali 194 buku & 23 alat tulis / 194 books & 23 stationery
Maret-17 BHA Orphanages Visit Panti Asuhan di Bangli & Bangli & 30 selimut, 30 bantal, Klungkung & Bangli Klungkung / Orphanage Klungkung, 30 handuk / 30 in Bangli & Klungkung Bali blankets, 30 pillows and 30 towels
Juni-17 Tirta Yatra Pura Mekori and Pura Tabanan, Bantuan Keuangan / Siwa Bali Financial Support
190 Maison Aurelia Sanur – Bali
Tanggal Lokasi Nama Penerima Bantuan Bentuk Bantuan / Kegiatan / Date Jenis Kegiatan / Type of Activity Kegiatan / / Name of Recipient Form of Support of Activity Location
21-3-2017 Membangun perpustakaan SDN 2 Kauh Puti Denpasar Books Sekolah / Developing school’s library 5&6-10-2017 Membantu korban Gunung Korban letusan Gunung Badung Sembako / Daily Agung / Donation for victims of Agung / Victims of Mount Staples Mount Agung disaster Agung Eruption
Park 23 Entertainment Center
Tanggal Jenis Kegiatan / Nama Penerima Bantuan Lokasi Kegiatan / Bentuk Bantuan / Kegiatan / Date Type of Activity / Name of Recipient Location Form of Support of Activity
15-9-2017 Spread Love with Yayasan Cahaya Mutiara Gedung Yayasan Pemberian kebutuhan Yayasan Cahaya Mutiara Ubud (Ketut Budiarsa- Cahaya Mutiara pokok dan hiburan Ubud-Bali / Spread Love Ketua Yayasan) / Cahaya Ubud, Jalan / Provision of with Cahaya Mutiara Mutiara Ubud Foundation Sasibrata, Br. Kawan staple needs and Ubud Foundation-Bali (Ketut Budiarsa- Tengah, Tampak entertainment Chairman) Siring, Gianyar-Bali 25-9-2017 200 Bibit Mangrove Masyarakat dan Kampung Kepiting, 200 Bibit Mangrove / untuk Masa Depan / lingkungan Pulau Bali / Jalan Bypass 200 Mangrove Seeds 200 Mangrove Seeds for Community in Bali Island Ngurah Rai, Kelan, the Future Tuban, Kuta
4-10-2017 Sumbangan Dinas Sosial Kabupaten Posko 4 unit Kompor Gas / 4 Kemanusiaan Untuk Badung Drh I. Ketut Pengumpulan dan units of Gas Stove Gunung Agung / Sudarsana M.M.A, dan Penyaluran Bantuan Donation for Victims of di teruskan ke Pos Dinas Sosial Kab Mount Agung pengungsian yang ada Badung / Command di Sempidi – Badung Post for Donation / Social Department Gathering and of Badung Regency, Distribution of Drh I. Ketut Sudarsana Social Department M.M.A, to be forwarded of Badung Regency to evacuation posts in Sempidi, Badung
191 Sheraton Bali Kuta Resort
Tanggal Lokasi Nama Penerima Bantuan Bentuk Bantuan / Kegiatan / Date Jenis Kegiatan / Type of Activity Kegiatan / / Name of Recipient Form of Support of Activity Location
17-1-2017 Donor Darah / Blood Donation PMI Indonesia / Sheraton Bali Beberapa kantong Indonesian Red Cross Kuta Resort darah / A number of blood bags 20-1-2017 Kebersihan pantai / Beach Desa Adat Kuta Pantai Kuta / Layanan kebersihan / cleaning Kuta Beach Cleaning service
17-2-2017 Bantuan untuk Desa Soongan / Warga Desa Songan / Desa Songan Kebutuhan pokok dan Donation for Desa Soongan People of Desa Songan Bangli bantuan keuangan / Staple needs and financial support
17-3-2017 Kebersihan kuil Batu Bolong / Desa Adat Kuta Pura Batu Layanan kebersihan / Batu Bolong temple cleaning Bolong / Cleaning service Batu Bolong Temple
24-3-2017 Amal / Donation Mount Agung Refugees Sheraton Bali Kebutuhan pokok Kuta Resort dan makanan / Staple needs and food
11-6-2017 Kebersihan pantai oleh LPM Kuta Desa Adat Kuta Pantai Kuta / Layanan kebersihan / / Beach cleaning by LPM Kuta Kuta Beach Cleaning service
8-6-2017 Bantuan Pembangunan Toilet SD Negeri 3 Munduk Munduk Bantuan keuangan / Sekolah / Donation for School’s Financial Support Toilet Renovation
13-8-2017 Pembersihan sampah di Warga Lingkungan Perumahan Makanan / Food Jimbaran Asri / Waste cleaning Jimbaran Asri / Ling. in Jimbaran Asri Community within the Jimbaran Asri Jimbaran Asri Area / Residential Area of Jimbaran Asri
192 9-9-2017 International Coastal Cleanup Ocean Concervancy Pantai Kuta / Layanan kebersihan / Kuta Beach Cleaning service
25-11-2017 Kunjungan ke SDN Ababi & SDN Ababi & Warga Karangasem Bantuan keuangan / House Building Karangasem / Karangasem / Ababi State Financial support Visit to Ababi Elementary School Elementary School & & House Building Karangasem People of Karangasem
Juni-17 Kebersihan pantai oleh LPM Kuta Desa Adat Kuta Pantai Kuta / Layanan kebersihan / / Beach cleaning by LPM Kuta Kuta Beach Cleaning service
YOGYAKARTA
POP! Hotel Sangaji - Yogyakarta
Tanggal Nama Penerima Lokasi Kegiatan / Bentuk Bantuan / Kegiatan / Date Jenis Kegiatan / Type of Activity Bantuan / Name of Location Form of Support of Activity Recipient
10-3-2017 Bersih-bersih kota Yogyakarta / Wilayah Yogyakarta / Jl. Mangkubumi Alat-Alat kebersihan / Cleaning activity of Yogyakarta Yogyakarta Area Cleaning tools city 13-4-2017 Pertunjukan musik gamelan oleh Warga Warga Uang, Tempat dan warga dan karyawan POP! Hotel Cokrodiningratan Cokrodiningratan Konsumsi / Money, Sangaji Yogyakarta / Gamelan / People of / People of Venue and Food music performance by the Cokrodiningratan Cokrodiningratan employees of POP! Hotel Sangaji Yogyakarta and people living nearby the hotel 19-4-2017 Menyumbang bibit tanaman ke Harjo, Tribun, KR, Media Yogyakarata Tanaman / Plants media Yogyakarta / Donation of Jawa Pos plant seeds to Yogyakarta media
3-6-2017 Pengecatan Becak milik warga Komunitas becak Becak Tenaga dan Cat / cokrodiningratan / Painting of cokrodiningratan / Cokrodiningratan People power and Becak owned by the people of Cokrodiningratan Paint cokrodiningratan Becak Community 5-8-17 Bersih bersih Pantai Wediombo Pantai Wedi Ombo / Pantai Wedi Ombo / Alat-Alat kebersihan / Yogyakarta / Cleaning activity at Wedi Ombo Beach Wedi Ombo Beach Cleaning tools Wediombo Beach of Yogyakarta
193 Surat Pernyataan Anggota Dewan Komisaris dan Direksi tentang Tanggung Jawab atas Laporan Tahunan 2017 PT Indonesian Paradise Property Tbk
Statement of Members of Board of Commissioners and Directors on the Responsibility for the 2017 Annual Report of PT Indonesian Paradise Property Tbk
Kami yang bertanda tangan di bawah ini We, the undersigned, testify that all information menyatakan bahwa semua informasi dalam in the Annual Report of PT Indonesian Paradise Laporan Tahunan PT Indonesian Paradise Property Property Tbk for 2017 is presented in its entirety Tbk tahun 2017 telah dimuat secara lengkap dan and we are fully responsible for the correctness of bertanggung jawab penuh atas kebenaran isi the contents in the Annual Report of the Company. Laporan Tahunan Perusahaan.
Demikian pernyataan ini dibuat dengan This statement is hereby made in all truthfulness. sebenarnya.
Jakarta, 20 April 2018
DEWAN KOMISARIS BOARD OF COMMISSIONERS
Todo Sihombing Hadi Cahyadi Presiden Komisaris & Komisaris Independen Wakil Presiden Komisaris & Komisaris Independen President Commissioner Vice President Commissioner cum Independent Commissioner cum Independent Commissioner
Amelia Gozali Karel Patipeilohy Komisaris Komisaris Commissioner Commissioner
194 DIREKSI BOARD OF DIRECTORS
Agoes Soelistyo Santoso Anthony Prabowo Susilo Presiden Direktur Wakil Presiden Direktur President Director Vice President Director
Alexander Nartates Nartates Patrick Santosa Rendradjaja Direktur Independen Direktur Independent Director Director
Diana Solaiman Direktur Director
195
PT INDONESIAN PARADISE PROPERTY TBK DAN ENTITAS ANAKNYA/ AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS
TAHUN YANG BERAKHIR 31 DESEMBER 2017/ THE YEAR ENDED 31 DECEMBER 2017
DAN/ AND
LAPORAN AUDITOR INDEPENDEN/ INDEPENDENT AUDITORS’ REPORT
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017
DAFTAR ISI CONTENTS
Pernyataan Direksi Directors’ Statement
Ekshibit/ Exhibit
Laporan Posisi Keuangan Konsolidasian A Consolidated Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Komprehensif Lain Consolidated Statement of Profit or Loss Konsolidasian B and Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian C Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian D Consolidated Statement of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian E Notes to the Consolidated Financial Statements
Laporan Auditor Independen Independent Auditors’ Report
These consolidated financial statements are originally issued in Indonesian language
Ekshibit A Exhibit A
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION PER 31 DESEMBER 2017 AS OF 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
31 Desember 2017/ Catatan/ 31 Desember 2016/ 31 December 2017 Notes 31 December 2016
A S E T ASSETS
ASET LANCAR CURRENT ASSETS Kas dan setara kas 440.225.565.192 4 247.903.815.289 Cash and cash equivalents Aset keuangan lancar lainnya 3.762.328.832 5 4.229.728.832 Other current financial assets Piutang usaha - Pihak ketiga - setelah Trade receivables - Third parties - dikurangi cadangan kerugian penurunan net of allowance for impairment nilai sebesar Rp 2.189.373.954 of Rp 2,189,373,954 as tanggal 31 Desember 2017 dan 2016 35.635.677.080 6 22.946.479.940 of 31 December 2017 and 2016 Piutang non-usaha Non-trade receivables Pihak berelasi 558.418.189 30 559.061.598 Related parties Pihak ketiga 18.496.870.988 25.858.875.525 Third parties Persediaan 38.401.944.499 7 4.460.382.213 Inventories Pajak dibayar di muka 33.376.524.434 15a 34.655.024.716 Prepaid taxes Beban dibayar di muka dan uang muka 14.555.219.158 8 12.473.747.007 Prepaid expenses and advances
Jumlah Aset Lancar 585.012.548.372 353.087.115.120 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS Investasi saham 3.689.251.659.303 9 2.555.967.907.136 Investments in shares of stocks Aset pajak tangguhan 56.116.848.951 15d 24.432.941.672 Deferred tax assets Aset tetap - setelah dikurangi Property and equipment - net of akumulasi penyusutan sebesar accumulated depreciation Rp 379.373.247.958 pada of Rp 379,373,247,958 as tanggal 31 Desember 2017 of 31 December 2017 and dan Rp 418.414.206.202 pada Rp 418,414,206,202 as of tanggal 31 Desember 2016 1.471.525.505.819 10 1.490.722.373.782 31 December 2016 Properti investasi - setelah dikurangi Investment properties - net of akumulasi penyusutan sebesar accumulated depreciation Rp 134.242.845.754 pada of Rp 134,242,845,754 as tanggal 31 Desember 2017 dan of 31 December 2017 and Rp 120.755.482.878 pada Rp 120,755,482,878 as of tanggal 31 Desember 2016 762.486.736.161 11 649.729.617.911 31 December 2016 Hak sewa jangka panjang 59.559.142.277 12 62.187.207.136 Long-term lease rights Aset tidak lancar lainnya 43.969.035.761 19.626.234.226 Other non-current assets
Jumlah Aset Tidak Lancar 6.082.908.928.272 4.802.666.281.863 Total Non-Current Assets
JUMLAH ASET 6.667.921.476.644 5.155.753.396.983 TOTAL ASSETS
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan on Exhibit E which are integral part dari Laporan Keuangan Konsolidasian secara keseluruhan of the Consolidated Financial Statements taken as a whole
These consolidated financial statements are originally issued in Indonesian language
Ekshibit A/2 Exhibit A/2
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION PER 31 DESEMBER 2017 AS OF 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
31 Desember 2017/ Catatan/ 31 Desember 2016/ 31 December 2017 Notes 31 December 2016
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES Utang usaha Trade payables Pihak ketiga 15.623.738.567 13 14.562.796.234 Third parties Pihak berelasi 15.465.254.161 30 1.355.721.851 Related party Utang non-usaha Non-trade payables Pihak berelasi - 30 28.952.911 Related parties Pihak ketiga 555.393.486.695 14 19.309.716.746 Third parties Utang pajak 11.349.460.057 15b 9.004.651.106 Taxes payables Beban akrual 32.627.045.158 16 30.122.966.917 Accruals Uang muka pelanggan dan pendapatan diterima Advance from customer and unearned di muka - bagian yang direalisasi dalam revenues - realizable within satu tahun 161.196.493.625 17 15.499.574.169 one year Liabilitas jangka panjang yang jatuh Current maturities of tempo dalam satu tahun long-term liabilities Utang bank 8.105.020.000 19 16.558.391.740 Bank loans Utang pembiayaan konsumen 208.048.041 18 190.205.420 Consumer financing loans
Jumlah Liabilitas Jangka Pendek 799.968.546.304 106.632.977.094 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES Uang muka pelanggan dan pendapatan diterima Advance from customer and unearned di muka - setelah dikurangi bagian yang revenues - net of realizable within direalisasi dalam satu tahun 101.141.614.556 17 134.183.980.607 one year Uang jaminan penyewa 47.958.703.925 35.934.224.365 Tenants' deposit Liabilitas imbalan pasca-kerja 19.015.849.420 31 20.631.890.115 Post-employment benefits liabilities Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh Long-term liabilities - net of tempo dalam satu tahun current maturities Utang bank 1.464.776.657.817 19 769.256.592.741 Bank loans Utang pembiayaan konsumen 125.838.334 18 167.482.253 Consumer financing loans
Jumlah Liabilitas Jangka Panjang 1.633.018.664.052 960.174.170.081 Total Non-Current Liabilities
JUMLAH LIABILITAS 2.432.987.210.356 1.066.807.147.175 TOTAL LIABILITIES
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan on Exhibit E which are integral part dari Laporan Keuangan Konsolidasian secara keseluruhan of the Consolidated Financial Statements taken as a whole
These consolidated financial statements are originally issued in Indonesian language
Ekshibit B Exhibit B
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND KOMPREHENSIF LAIN KONSOLIDASIAN OTHER COMPREHENSIVE INCOME TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
Catatan/ 2 0 1 7 Notes 2 0 1 6
PENDAPATAN BERSIH 595.692.044.724 24 547.492.009.881 NET REVENUES
BEBAN POKOK PENDAPATAN ( 181.132.149.239) 25 ( 158.148.133.180) COST OF REVENUES
LABA BRUTO 414.559.895.485 389.343.876.701 GROSS PROFIT
Beban penjualan dan pemasaran ( 29.374.644.460) 26 ( 30.721.737.571) Selling and marketing expenses Beban umum dan administrasi ( 267.685.017.060) 27 ( 292.360.228.655) General and administrative expenses Beban pajak final ( 28.688.266.571) ( 20.991.226.567) Final tax expense Beban operasi lainnya ( 14.412.332.009) ( 20.430.896.103) Other operating expenses Pendapatan operasi lainnya 14.736.702.961 14.180.757.551 Other operating income
LABA USAHA 89.136.338.346 39.020.545.356 PROFIT FROM OPERATIONS
Penghasilan keuangan 19.652.718.778 28 7.826.089.988 Finance income Beban keuangan ( 91.213.240.737) 29 ( 68.070.044.144) Finance cost Bagian atas laba entitas asosiasi, neto 99.130.529.048 9 188.242.335.162 Share in net profit of associates, net
LABA SEBELUM PAJAK 116.706.345.435 167.018.926.362 PROFIT BEFORE TAX
MANFAAT PAJAK PENGHASILAN 30.720.806.408 15c 14.547.816.498 INCOME TAX BENEFIT
LABA TAHUN BERJALAN 147.427.151.843 181.566.742.860 PROFIT FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAINNYA OTHER COMPREHENSIVE INCOME Pos-pos yang tidak akan direklasifikasi ke Items that will not be reclassified to laba rugi profit or loss Pengukuran kembali atas Remeasurement of employee liabilitas imbalan kerja ( 1.897.251.228) 31 ( 938.834.174) benefit liability Bagian rugi komprehensif lain dari Share of other comprehensive entitas asosiasi ( 2.272.837.006) 9 - losses of associates Pajak penghasilan terkait 963.100.871 15d 69.384.054 Related income tax
JUMLAH PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE INCOME TAHUN BERJALAN SETELAH PAJAK 144.220.164.480 180.697.292.740 FOR THE YEAR NET OF TAX
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan on Exhibit E which are integral part dari Laporan Keuangan Konsolidasian secara keseluruhan of the Consolidated Financial Statements taken as a whole
These consolidated financial statements are originally issued in Indonesian language
Ekshibit C Exhibit C
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY TAHUN YANG BERAKHIR PADA 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/ Equity attributable to owner of the Parent Selisih nilai transaksi ekuitas dengan kepentingan nonpengendali/ Modal ditempatkan Tambahan modal Difference in value of Kepentingan dan disetor penuh/ disetor/ equity transactions nonpengendali/ Issued and fully Additional with non-controlling Saldo laba/ Jumlah/ Non-controlling Jumlah ekuitas/ paid paid-in capital interests Retained earnings Total interests Total equity
Saldo per 1 Januari 2016 1.118.197.173.200 1.968.378.073.268 ( 10.786.251.345) 355.652.807.102 3.431.441.802.225 520.579.931.601 3.952.021.733.826 Balance as of 1 January 2016
Dividen tunai - - - ( 16.772.957.598) ( 16.772.957.598) - ( 16.772.957.598) Cash dividend
Pembagian dividen oleh entitas anak Dividend distributed by subsidiaries kepada kepentingan nonpengendali - - - - - ( 9.210.000.000) ( 9.210.000.000) to non-controlling interests
Bagian nonpengendali atas setoran Non-controlling portion of modal entitas anak - - - - - 5.000.000 5.000.000 share capital of subsidiary
Entitas anak yang dijual - - - - - ( 12.944.819.160) ( 12.944.819.160) Disposal of subsidiary
Selisih nilai transaksi antara Difference in value of transactions between entitas sepengendali - ( 2.694.288.334) - - ( 2.694.288.334) ( 2.155.711.666) ( 4.850.000.000) entities under common control
Jumlah laba komprehensif tahun Total comprehensive income berjalan - - - 169.506.434.099 169.506.434.099 11.190.858.641 180.697.292.740 for the year
Saldo per 31 Desember 2016 1.118.197.173.200 1.965.683.784.934 ( 10.786.251.345) 508.386.283.603 3.581.480.990.392 507.465.259.416 4.088.946.249.808 Balance as of 31 December 2016
Catatan 20/ Catatan 21/ Catatan 22/ Note 20 Note 21 Note 22
Lihat Catatan atas Laporan Keuangan Konsolidasian See accompanying Notes to the Consolidated Financial Statements pada Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan on Exhibit E which are integral part dari Laporan Keuangan Konsolidasian secara keseluruhan of the Consolidated Financial Statements taken as a whole
These consolidated financial statements are originally issued in Indonesian language
Ekshibit C/2 Exhibit C/2
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY TAHUN YANG BERAKHIR PADA 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/ Equity attributable to owner of the Parent Selisih nilai transaksi ekuitas dengan kepentingan non-pengendali/ Modal ditempatkan Tambahan modal Difference in value of Kepentingan dan disetor penuh/ disetor/ equity transactions nonpengendali/ Issued and fully Additional with non-controlling Saldo laba/ Jumlah/ Non-controlling Jumlah ekuitas/ paid paid-in capital interests Retained earnings Total interests Total equity
Saldo per 1 Januari 2017 1.118.197.173.200 1.965.683.784.934 ( 10.786.251.345) 508.386.283.603 3.581.480.990.392 507.465.259.416 4.088.946.249.808 Balance as of 1 January 2017
Pembagian dividen oleh entitas anak Dividend distributed by subsidiaries kepada kepentingan nonpengendali - - - - - ( 4.800.000.000) ( 4.800.000.000) to non-controlling interests
Bagian non-pengendali atas uang muka Non-controlling portion of setoran modal entitas anak - - - - - 6.547.852.000 6.547.852.000 advance share capital of subsidiary
Transaksi perubahan kepemilikan entitas Transaction of ownership of subsidiary anak dengan non-pengendali - - - - - 20.000.000 20.000.000 with non-controlling interests
Jumlah laba komprehensif tahun Total comprehensive income berjalan - - - 98.208.548.813 98.208.548.813 46.011.615.667 144.220.164.480 for the year
Saldo per 31 Desember 2017 1.118.197.173.200 1.965.683.784.934 ( 10.786.251.345) 606.594.832.416 3.679.689.539.205 555.244.727.083 4.234.934.266.288 Balance as of 31 December 2017
Catatan 20/ Catatan 21/ Catatan 22/ Note 20 Note 21 Note 22
Lihat Catatan atas Laporan Keuangan Konsolidasian See accompanying Notes to the Consolidated Financial Statements pada Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan on Exhibit E which are integral part dari Laporan Keuangan Konsolidasian secara keseluruhan of the Consolidated Financial Statements taken as a whole
These consolidated financial statements are originally issued in Indonesian language
Ekshibit D Exhibit D
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOW TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2 0 1 7 2 0 1 6
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES Penerimaan dari pelanggan 707.681.880.549 557.423.005.043 Receipts from customers Pembayaran kepada pemasok dan lainnya ( 424.640.466.668) ( 398.813.626.387) Cash paid to suppliers and others Penghasilan keuangan 19.652.718.778 7.826.109.764 Finance income Pembayaran beban keuangan ( 91.213.240.737) ( 66.368.176.741) Financial cost paid
Arus kas bersih dari aktivitas operasi 211.480.891.922 100.067.311.679 Net cash flows from operating activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES Penerimaan dividen tunai 271.430.257.140 39.560.000.000 Cash dividend received Penjualan aset tetap 4.504.000.000 12.000.000 Sale of property and equipment Pencairan investasi keuangan lancar lainnya, neto 400.000.000 84.820.000 Redeem of other current financial assets, net Penurunan investasi entitas anak 20.000.000 - Decrease on investment in subsidiary Peningkatan properti investasi ( 21.047.925.185) ( 233.017.252.404) Increase in investment properties Peningkatan aset tidak lancar lainnya ( 24.342.801.535) - Increase in other non-current assets Perolehan aset tetap ( 43.212.104.208) ( 55.023.783.997) Acquisition of property and equipment Peningkatan investasi entitas asosiasi ( 767.102.317.265) ( 15.041.876.850) Increase in investment in associates Penjualan investasi entitas anak setelah Sale of investment in subsidiary net-of dikurangi kas yang dikeluarkan - 14.799.998.119 cash out from related subsidiary Peningkatan investasi entitas anak - ( 4.850.000.000) Increase in investment in subsidiary Kenaikan hak sewa jangka panjang - ( 399.999.996) Increase in long-term lease rights
Arus kas bersih untuk aktivitas investasi ( 579.350.891.053) ( 253.876.095.128) Net cash flows used in investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES Penerimaan utang bank 823.193.006.448 438.384.201.203 Drawdowns of bank loans Penerimaan setoran modal entitas anak dari Proceeds capital contribution in kepentingan nonpengendali 6.547.852.000 5.000.000 subsidiary from non-controlling interests Penerimaan dari (pembayaran ke) pihak ketiga 2.691.774.486 ( 62.442.715.378) Receipt from (payment to) third parties Pembayaran kepada pihak berelasi ( 28.309.502) ( 38.414.706) Payment to related parties Pembayaran utang sewa pembiayaan ( 233.499.829) ( 125.525.983) Payments of finance lease payables Pembayaran dividen kepada kepentingan Payment of dividend to nonpengendali ( 4.800.000.000) ( 9.210.000.000) non-controlling interests Pembayaran utang bank ( 259.464.261.740) ( 235.571.913.885) Payment of bank loan Pembayaran dividen tunai - ( 16.772.957.598) Payment of cash dividend
Arus kas bersih dari aktivitas pendanaan 567.906.561.863 114.227.673.653 Net cash flows from financing activities
KENAIKAN (PENURUNAN) BERSIH KAS NET INCREASE (DECREASE) IN CASH AND DAN SETARA KAS 200.036.562.732 ( 39.581.109.796) CASH EQUIVALENTS
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS AWAL TAHUN 247.903.815.289 287.484.925.085 AT BEGINNING OF YEAR
Pengaruh perubahan kurs mata uang asing Effect of foreign exchange rate changes terhadap kas dan setara kas ( 7.714.812.829) - on cash and cash equivalents
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS PADA AKHIR TAHUN 440.225.565.192 247.903.815.289 AT END OF YEAR
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan on Exhibit E which are integral part dari Laporan Keuangan Konsolidasian secara keseluruhan of the Consolidated Financial Statements taken as a whole These consolidated financial statements are originally issued in Indonesian language
Ekshibit E Exhibit E
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
1. U M U M 1. GENERAL
a. Pendirian Perusahaan a. Establishment of the Company
PT Indonesian Paradise Property Tbk PT Indonesian Paradise Property Tbk (“the (“Perusahaan”) didirikan dengan nama PT Penta Company”) was established as PT Penta Karsa Karsa Lubrindo berdasarkan akta Notaris No. 96 Lubrindo based on Notarial deed No. 96 dated tanggal 14 Juni 1996 dari Buntario Tigris Darmawa, 14 June 1996 of Buntario Tigris Darmawa, NG, NG, S.H., CN., pengganti dari Rachmat Santoso, S.H., CN., substitute notary of Rachmat Santoso, S.H., Notaris di Jakarta. Akta pendirian ini telah S.H., Notary in Jakarta. The Deed of Establishment diubah dengan akta No. 42 tanggal 8 Januari 1997 was amended with Notarial deed No. 42 dated dari Notaris yang sama dan telah mendapat 8 January 1997 of the same Notary and was pengesahan dari Menteri Kehakiman Republik approved by the Minister of Justice of the Indonesia dalam Surat Keputusan No. C2-1030 Republic of Indonesia in Decision Letter HT.01.01.TH.97 tanggal 12 Februari 1997 dan No. C2-1030 HT.01.01.TH.97 dated 12 February telah diumumkan dalam Berita Negara Republik 1997 and was published in the State Gazette of Indonesia No. 21 tanggal 12 Maret 2002 Tambahan the Republic of Indonesia No. 21 dated 12 March No. 2574. 2002, Supplement No. 2574.
Anggaran dasar Perusahaan telah mengalami The Company’s articles of association have beberapa kali perubahan, terakhir dengan been amended several times, most recently akta Notaris No. 206 tanggal 22 September 2015 by Notarial deed No. 206 dated 22 September 2015 dari DR. Irawan Soerodjo, S.H., M.Si., Notaris di of DR. Irawan Soerodjo, S.H., M.Si., Notary in Jakarta Barat, mengenai penerbitan modal saham West Jakarta, concerning the issuance of issued ditempatkan dan disetor. Perubahan anggaran and fully paid capital. The deed has been received dasar ini telah diterima dan dicatat oleh Menteri and acknowledged by the Ministry of Law and Hukum dan Hak Asasi Manusia Republik Indonesia Human Rights of the Republic of Indonesia dalam Surat Keputusan No. AHU-AH.01.03-0967133 through Decision Letter No. AHU-AH.01.03- tanggal 23 September 2015. 0967133 dated 23 September 2015.
Sesuai dengan Pasal 3 anggaran dasar Perusahaan, In accordance with Articles 3 of the Company’s ruang lingkup kegiatan Perusahaan adalah dalam articles of association, the scope of activities is bidang penyediaan akomodasi (hotel) dan mainly engaged in hotel accommodation and melakukan penyertaan dalam bentuk saham pada investment in shares on other entities. The entitas lain. Perusahaan adalah pemilik Hotel Company owns Hotel HARRIS Tuban Bali. HARRIS Tuban Bali. Perusahaan, melalui The Company, through PT Indonesian Paradise PT Indonesian Paradise Island, entitas anak, secara Island, a subsidiary, indirectly owns Hotel tidak langsung memiliki Hotel Sheraton Bali Kuta Sheraton Bali Kuta Resort, Hotel HARRIS Resort, Hotel HARRIS Resort Kuta Bali dan pusat Resort Kuta Bali and shopping center beachwalk perbelanjaan beachwalk Kuta Bali, melalui Kuta Bali, through PT Retzan Indonusa, PT Retzan Indonusa, entitas anak, secara tidak a subsidiary, indirectly owns Hotel HARRIS langsung memiliki Hotel HARRIS Batam Center, Batam Center, through PT Karsa Citra Unggul, melalui PT Karsa Citra Unggul, entitas anak, secara a subsidiary, indirectly owns Hotel POP! Hotel tidak langsung memiliki hotel POP! Hotel Sangaji Sangaji Yogyakarta, shopping center Park23 Yogyakarta, pusat perbelanjaan Park23 Entertainment Center Bali, and hotel Maison Entertainment Center Bali, dan hotel Maison Aurelia Sanur Bali, through PT Aneka Bina Laras, Aurelia Sanur Bali, melalui PT Aneka Bina Laras, a subsidiary, indirectly, owns hotel HARRIS fX- entitas anak, secara tidak langsung, memiliki hotel Suite SUDIRMAN Jakarta, through PT Anugerah HARRIS fX-Suite SUDIRMAN Jakarta, melalui Nusaraya, a subsidiary, indirectly owns Hotel PT Anugerah Nusaraya, entitas anak, secara tidak HARRIS Waterfront Batam, through PT Dinamika langsung memiliki Hotel HARRIS Resort Waterfront Putra Perkasa, a subsidiary, indirectly, owns Cikini Batam, melalui PT Dinamika Putra Perkasa, entitas Gold Center (shopping center), and through anak, secara tidak langsung memiliki Cikini Gold PT Mitra Perdana Nuansa, a subsidiary, indirectly Center (pusat perbelanjaan) dan melalui PT Mitra owns shopping center 23Paskal Bandung. Perdana Nuansa, entitas anak, secara tidak langsung, memiliki pusat perbelanjaan 23Paskal Bandung. These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/2 Exhibit E/2
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
a. Pendirian Perusahaan (Lanjutan) a. Establishment of the Company (Continued)
Kantor pusat Perusahaan berkedudukan di The Company’s head office is located at at Centennial Tower Lantai 30, Jalan Gatot Subroto Centennial Tower 30th Floor, Jalan Gatot Subroto Kav 24-25, Jakarta 12930. Kav 24-25, Jakarta 12930.
Perusahaan memulai kegiatan operasi komersialnya The Company started its commercial operations in pada bulan Oktober 2002. October 2002.
b. Dewan Komisaris, Direksi, Komite Audit dan b. Board of Commissioners, Directors, Audit Karyawan Committee and Employees
Susunan Dewan Komisaris dan Direksi serta Komite The Company’s Board of Commissioners and Audit Perusahaan pada tanggal 31 Desember 2017 Directors and Audit Committee as of 31 December dan 2016 adalah sebagai berikut: 2017 and 2016 are as follows:
Dewan Komisaris Board of Commissioners Presiden Komisaris merangkap President Commissioner cum Komisaris Independen : Todo Sihombing : Independent Commissioner Wakil Presiden Komisaris merangkap Vice President Commissioner cum Komisaris Independen : Hadi Cahyadi : Independent Commissioner Komisaris : Karel Patipeilohy : Commissioner Komisaris : Amelia Gozali : Commissioner
Dewan Direksi Board of Commissioners Presiden Direktur : Agoes Soelistyo Santoso : President Director Wakil Presiden Direktur : Anthony Prabowo Susilo : Vice Precident Director Direktur : Patrick Santosa Rendradjaja : Director Direktur : Diana Solaiman : Director Direktur Independen : Alexander Nartates Nartates : Independent Director
Komite Audit Audit Committee Ketua : Hadi Cahyadi : Chairman Anggota : Anang Yudiansyah Setiawan : Member Anggota : Kurniadi : Member
Pada tanggal 31 Desember 2017 dan 2016, As of 31 December 2017 and 2016, the Company Perusahaan dan entitas anaknya mempekerjakan and its subsidiaries employed 459 and 535 masing-masing 459 dan 535 karyawan tetap (Tidak permanent employees, respectively (Unaudited). diaudit).
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/3 Exhibit E/3
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
c. Penawaran Umum Saham Perusahaan c. Public Offering of the Company’s Shares
Pada tanggal 21 September 2004, Perusahaan On 21 September 2004, the Company obtained memperoleh pernyataan efektif dari Ketua Badan noticed of effectivity from the Chairman Pengawas Pasar Modal (BAPEPAM, sekarang of the Securities and Exchange Commission Otoritas Jasa Keuangan (OJK)) berdasarkan Surat (BAPEPAM, now Financial Service Authority (OJK)) No. S-2970/PM/2004 dalam rangka pendaftaran in his Decision Letter No. S-2970/ PM/2004 for sebagai Perusahaan Publik. Selanjutnya saham- Public Company. The Company’s shares are listed saham Perusahaan dicatatkan pada Bursa Efek in Indonesian Stock Exchange (previously Surabaya Indonesia (dahulu Bursa Efek Surabaya) pada Stock Exchanges) on 1 December 2004. tanggal 1 Desember 2004.
Berdasarkan Rapat Umum Pemegang Saham Luar Based on the Extraordinary Shareholders’ General Biasa Perusahaan pada tanggal 26 Mei 2005, para Meeting held on 26 May 2005, the Company pemegang saham Perusahaan menyetujui untuk shareholders’ approved Capital Increase Without melakukan Penambahan Modal Tanpa Hak Memesan Preemptive Rights (in accordance with the Efek Terlebih Dahulu (sesuai Peraturan BAPEPAM- BAPEPAM regulation No. IX.D.4) amounting to LK No. IX.D.4) sejumlah 75.000.000 saham dengan 75,000,000 shares par value Rp 100 per share nilai nominal Rp 100 per saham yang diambil which was taken by Premiere Estates Limited. The bagian oleh Premiere Estates Limited. Penambahan addition shares has been approved by the Directors saham tersebut telah disetujui oleh Direksi Bursa of Surabaya Stock Exchange through his letter Efek Surabaya melalui surat No. JKT-027/LIST- No. JKT-027/LIST-EMITEN/BES/VII/2005 dated EMITEN/BES/VII/2005 tanggal 13 Juli 2005. 13 July 2005.
Berdasarkan Akta No. 144 tanggal 12 Juni 2015, Based on notarial deed No. 144 dated 12 June dari notaris Irawan Soerodjo, S.H., M.Si., notaris di 2015, of Irawan Soerodjo, S.H., M.Si., public Jakarta, tentang Berita Acara Rapat Umum notary in Jakarta, concerning an Extraordinary Pemegang Saham Luar Biasa (RUPSLB), Stockholders’ Meeting wherein the Company’s dimana para pemegang saham Perusahaan stockholders approved the issuance of menyetujui untuk menerbitkan 8.623.168.132 8,623,168,132 shares at a price of Rp 325 lembar saham pada harga Rp 325 (dalam Rupiah (in full Rupiah per share) to shareholder through penuh per saham) melalui Penambahan “Rights Issue Without Pre-Emptive Rights”. Modal Tanpa Hak Memesan Efek Terlebih In the period of exercise shares from Dahulu (PMTHMETD). Sejak tanggal 26 Juni 2015 26 June 2015 to 9 July 2015, the total sampai tanggal 9 Juli 2015, Perusahaan funds received in relation to this “Rights Issue melaksanakan PMTHMETD dengan jumlah Without Pre-Emptive Rights” amounted to dana yang diperoleh adalah sebesar Rp 2,802,529,642,900. Rp 2.802.529.642.900.
Pada tanggal 12 Juni 2015, Perusahaan On 12 June 2015, the Company obtained the memperoleh Pernyataan Efektif dari Kepala Notice of Effectivity from the Chairman of Otoritas Jasa Keuangan (OJK) melalui surat Otoritas Jasa Keuangan (OJK) in No. S-253/D.04/2015 untuk Penawaran Umum his letter No. S-253/D.04/2015 for the Limited Terbatas I (PUT I) kepada Pemegang Saham dengan Public Offering I (PUT I) with pre-emptive Hak Memesan Efek Terlebih Dahulu (HMETD) atas rights to Stockholders for 8,623,168,132 8.623.168.132 lembar Saham Biasa Atas Nama common shares with par value of Rp 100 dengan nilai nominal Rp 100 (dalam Rupiah penuh) (in full Rupiah) per share at exercise price of per saham yang ditawarkan dengan harga Rp 325 (in full Rupiah) per share. pelaksanaan Rp 325 (dalam Rupiah penuh) per saham.
Pada tanggal 31 Desember 2017 dan 2016, seluruh As of 31 December 2017 and 2016, all of the saham Perusahaan atau sejumlah 11.181.971.732 Company’s shares totaling to 11,181,971,732 saham telah tercatat di Bursa Efek Indonesia. shares are listed in the Indonesia Stock Exchange.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/4 Exhibit E/4
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
d. Entitas Anak d. Subsidiaries
Perusahaan memiliki kepemilikan langsung dan The Company has direct and indirect ownership in tidak langsung pada entitas-entitas anak berikut the following subsidiaries: ini:
Tahun beroperasi komersial/ Year of Persentase kepemilikan/ Jumlah Aset (dalam Rp juta) Entitas anak/ Jenis Usaha/ Domisili/ commercial Percentage of ownership Total assets (in Rp million) Subsidiary Nature of business Domicile operations 2 0 1 7 2 0 1 6 2 0 1 7 2 0 1 6
Kepemilikan langsung/ Direct acquisition PT Karsa Citra Unggul dan Hotel/Hotel Jakarta 2012 99,98% 99,98% 235.633 251.016 entitas anaknya/ and its subsidiaries (KCU) PT Retzan Indonusa dan Hotel dan real estat/ Batam 2011 99,90% 99,90% 140.938 79.877 entitas anaknya/ and Hotel and real estate its subsidiary (RIN) PT Indonesia Gemilang Perdagangan dan Jakarta Belum beroperasi/ 75,00% 95,00% 997 100 Mahasentosa (IGM) pembangunan/ Dormant Trading and development PT Dinamika Putra Perdagangan Jakarta 2012 60,00% 60,00% 19.699 18.345 Perkasa dan entitas umum/ General anaknya/ and its trading subsidiary (DPP) PT Indonesian Paradise Hotel dan Jakarta 2004 57,89% 57,89% 1.336.130 1.285.678 Island (IPI) pembangunan/Hotel and development PT Saranausaha Jaya (SJ) Perdagangan dan Jakarta Belum beroperasi/ 55,00% 55,00% 13.527 13.459 pembangunan/ Dormant Trading and development PT Anugerah Nusaraya (AN) Hotel/Hotel Jakarta 2007 55,00% 55,00% 84.542 89.417 PT Mitra Gemilang Mahacipta Hotel dan Balikpapan Belum beroperasi/ 55,00% 55,00% 111.173 112.755 (MGM) pembangunan/Hotel Dormant and development PT Aneka Bina Laras dan Hotel/Hotel Jakarta 2011 51,00% 51,00% 88.339 81.259 entitas anaknya/ and its subsidiary (ABL) PT Eka Ilalang Hotel/Hotel Bogor Belum beroperasi/ 51,00% 51,00% 24.409 24.615 Suryadinamika (EIS) Dormant PT Mitra Perdana Nuansa (MPN) 1) Perdagangan umum/ Bandung 2017 51,00% 51,00% 531.740 358.999 General trading
Pemilikan tidak langsung/ Indirect Acquisition PT Segara Biru Kencana Hotel/Hotel Jakarta 2016 99,90% 99,90% 67.323 72.569 (SBK) (melalui/ through KCU) PT Praba Kumala Sajati Perdagangan umum/ Jakarta 2015 99,90% 99,90% 109.772 119.305 (PKS) (melalui/ through General trading KCU) PT Kega Property Utama Hotel/Hotel Jakarta 2012 92,73% 92,73% 45.716 46.540 (KPU) (melalui/ through KCU) PT Trimutri Tunggal Sejahtera Perdagangan dan Jakarta Belum beroperasi/ 75,00% 75,00% 401 455 (TTS) (melalui/ through pembangunan/ Dormant KCU) Trading and development PT Padma Suasa (PS) Hotel/Hotel Jakarta 2011 99,99% 99,99% 26.029 22.375 (melalui/ through ABL) PT Paloma Suasa Manajemen Perdagangan dan Batam Belum beroperasi/ 99,90% 99,90% 100 100 (PSM) (melalui/ through RIN) pembangunan/ Dormant Trading and development PT Magna Terra (MT) Perdagangan dan Jakarta 2012 51,00% 51,00% 14.723 13.588 (melalui/ through DPP) pembangunan/ Trading and development
1) Beroperasi komersial pada September 2017/ Started commercial operation on September 2017
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/5 Exhibit E/5
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
d. Entitas Anak (Lanjutan) d. Subsidiaries (Continued)
Berikut adalah ringkasan informasi keuangan dari The summarized financial information of entitas anak yang signifikan. Jumlah-jumlah significant subsidiaries is provided below. This tersebut sebelum dieliminasi dengan transaksi antar information is based on amounts before inter- entitas dalam Perusahaan. company elimination.
Ringkasan laporan posisi keuangan pada tanggal Summarized statement of financial position as of 31 Desember 2017 dan 2016 adalah sebagai berikut: 31 December 2017 and 2016 are as follows:
2 0 1 7 IPI MPN KCU RIN
Aset lancar 202.094.690.912 78.826.958.980 21.084.891.636 73.839.423.831 Current assets Aset tidak lancar 1.134.035.424.978 452.912.877.857 214.548.449.805 67.098.472.505 Non-current assets Jumlah Aset 1.336.130.115.890 531.739.836.837 235.633.341.441 140.937.896.336 Total Assets
Liabilitas jangka pendek 113.835.171.306 91.759.372.310 11.784.169.783 6.310.516.861 Current liabilities Liabilitas jangka panjang 323.424.741.070 334.464.046.776 171.560.585.793 121.561.233.563 Noncurrent liabilities Jumlah Liabilitas 437.259.912.376 426.223.419.086 183.344.755.576 127.871.750.424 Total Liabilities
Jumlah Ekuitas 898.870.203.514 105.516.417.751 52.288.585.865 13.066.145.912 Total Equity
2 0 1 6 IPI MPN KCU RIN
Aset lancar 160.052.183.587 34.334.515.496 26.154.037.709 10.321.689.119 Current assets Aset tidak lancar 1.125.625.835.093 324.664.377.277 224.861.577.236 69.555.393.684 Non-current assets Jumlah Aset 1.285.678.018.680 358.998.892.773 251.015.614.945 79.877.082.803 Total Assets
Liabilitas jangka pendek 56.437.984.829 40.641.134.434 8.930.003.146 4.742.014.642 Current liabilities Liabilitas jangka panjang 394.528.534.842 256.904.734.684 41.255.171.414 59.671.654.978 Noncurrent liabilities Jumlah Liabilitas 450.966.519.671 297.545.869.118 50.185.174.560 64.413.669.620 Total Liabilities
Jumlah Ekuitas 834.711.499.009 61.453.023.655 200.830.440.385 15.463.413.183 Total Equity
Ringkasan laporan laba rugi dan penghasilan Summarized statement of profit or loss and other komprehensif lain untuk tahun yang berakhir comprehensive income the year ended 31 Desember 2017 dan 2016 adalah sebagai berikut: 31 December 2017 and 2016 are as follows:
2 0 1 7 IPI MPN KCU RIN
Pendapatan 310.888.038.392 104.431.567.924 40.722.369.400 36.530.300.741 Revenues Laba (rugi) sebelum pajak 64.237.413.701 30.745.263.915 ( 4.411.810.491) ( 2.974.313.688) Profit (loss) before tax
Jumlah penghasilan komprehensif 75.558.704.507 30.700.542.096 ( 3.841.854.521) ( 2.397.267.273) Total comprehensive income
2 0 1 6 IPI MPN KCU RIN
Pendapatan 360.808.887.924 - 31.685.084.381 37.195.635.181 Revenues Laba (rugi) sebelum pajak 47.958.293.938 ( 3.449.432.978) ( 19.660.904.182) 3.306.716.333 Profit (loss) before tax
Jumlah penghasilan komprehensif 58.438.535.167 ( 3.453.774.548) ( 16.431.845.509) 2.482.263.679 Total comprehensive income
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/6 Exhibit E/6
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
d. Entitas Anak (Lanjutan) d. Subsidiaries (Continued)
Akuisisi Entitas Anak Acquisition of Subsidiaries
Pada tanggal 5 April 2016, Perusahaan melakukan On 5 April 2016, the Company acquired 4% equity akuisisi atas 4% saham AN dari PT Andalan Karya interest in AN from PT Andalan Karya Property Property (AKP), pihak berelasi, dengan melakukan (AKP), a related party, with payment amounting to pembayaran sebesar Rp 4.850.000.000, sehingga Rp 4,850,000,000 which percentage of AN share persentase kepemilikan saham AN sebesar 55% pada ownership 55% on 31 December 2016. tanggal 31 Desember 2016.
Pendirian Entitas Anak Establishment of Subsidiaries
Pada tanggal 28 Juni 2016, Perusahaan mendirikan On 28 June 2016, the Company established PT Indonesia Gemilang Mahasentosa dengan nilai PT Indonesia Gemilang Mahasentosa with an initial investasi awal sejumlah Rp 95.000.000 untuk investment of Rp 95,000,000 for percentage share kepemilikan 95%. ownership of 95%.
Pada tanggal 28 Juni 2016, Perusahaan melalui On 28 June 2016, the Company through RIN and RIN dan KCU mendirikan PT Paloma Suasa KCU established PT Paloma Suasa Manajemen with Manajemen dengan nilai investasi awal sejumlah an initial investment of Rp 100,000,000 for Rp 100.000.000 untuk kepemilikan 99,9% pada RIN percentage share ownership of 99.9% in RIN and dan 0,1% pada KCU. 0.1% in KCU.
Pelepasan Entitas Anak Deconsolidation of Subsidiary
Pada tanggal 23 Desember 2016, berdasarkan On 23 December 2016, based on notarial deed akta notaris No. 53 dari Laurens Gunawan, S.H., No. 53 of Laurens Gunawan, S.H., M.Kn, notary in M.Kn, notaris di Tangerang, Perusahaan menjual Tangerang, the Company sells 8,974,499 shares of 8.974.499 saham pemilikan atas SP dengan nilai SP with nominal value of Rp 1,000 per share to nominal Rp 1.000 per lembar kepada Kokos Leo Lim Kokos Leo Lim and Angela Ningsih, third parties, dan Angela Ningsih, pihak ketiga, dengan with sale consideration of Rp 14,800,000,000. pembayaran sebesar Rp 14.800.000.000.
Perubahan Persentase Kepemilikan Change of Ownership
Pada tanggal 28 Februari 2017, berdasarkan On 28 February 2017, based on notarial deed akta notaris No. 12 dari Laurens Gunawan, S.H., No. 12 of Laurens Gunawan, S.H., M.Kn, notary in M.Kn, notaris di Tangerang, Perusahaan menjual Tangerang, the Company sells 20,000 shares of IGM 20.000 saham pemilikan atas IGM dengan nilai with nominal value of Rp 1,000 per share to nominal Rp 1.000 per lembar kepada PT Ormand PT Ormand Capital International, third party. Capital International, pihak ketiga.
e. Entitas Asosiasi e. Associates
Informasi mengenai Entitas Asosiasi yang dimiliki Information about Associates entities owned by the Perusahaan pada tanggal 31 Desember 2017 dan Company as of 31 December 2017 and 2016 are as 2016 adalah sebagai berikut: follows:
Tahun beroperasi komersial/ Persentase kepemilikan/ Entitas asosiasi/ Kegiatan usaha/ Kedudukan/ Year of commercial Percentage of ownership Associates Business activity Domicile operates 2 0 1 7 2 0 1 6
PT Plaza Indonesia Realty Tbk Perhotelan, pusat perbelanjaan, Jakarta 1990 42,55% 26,03% dan entitas anaknya/ perkantoran, dan apartemen/ and its subsidiaries (PLIN) Hotel, shopping center, office, and apartment
PT Omega Propertindo (OP) Perdagangan dan Jakarta 1993 33,34% 33,34% pembangunan/ Trading and development
PT Java Paradise Island (JPI) Hotel/Hotel Jakarta 2005 27,50% 27,50%
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/7 Exhibit E/7
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
e. Entitas Asosiasi (Lanjutan) e. Associates (Continued)
Pada tanggal 21 September 2016, Perusahaan On 21 September 2016, the Company purchased melakukan pembelian 3.900.000 saham 3,900,000 shares of PLIN stock with purchase price PLIN dengan harga pembelian sebesar Rp 15,041,876,850, thus increasing the Company’s Rp 15.041.876.850, sehingga meningkatkan effective ownership in PLIN from 25.92% to kepemilikan efektif Perusahaan pada PLIN dari 26.03%. 25,92% menjadi sebesar 26,03%.
Pada tahun 2017, Perusahaan melakukan pembelian In 2017, the Company purchased 368,625,034 368.625.034 saham PLIN dengan total harga shares of PLIN stock with total purchase pembelian sebesar Rp 1.307.956.317.265, dan price of Rp 1,307,956,317,265, and PLIN until PLIN sampai dengan 31 Desember 2017 telah 31 December 2017 has repurchased its share of melakukan pembelian kembali atas saham stock thus increasing the Company’s effective beredarnya sehingga meningkatkan kepemilikan ownership in PLIN from 26.03% to 42.55%. efektif Perusahaan pada PLIN dari 26,03% menjadi sebesar 42,55%.
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Laporan keuangan konsolidasian telah disajikan sesuai The consolidated financial statements have been dengan Standar Akuntansi Keuangan di Indonesia prepared in accordance with Indonesian Financial (SAK), dan peraturan Badan Pengawas Pasar Modal dan Accounting Standards (SAK) and Capital Market and Lembaga Keuangan (BAPEPAM-LK) Nomor VIII.G.7 yang Financial Institution Supervisory Agency (BAPEPAM-LK) merupakan lampiran Keputusan Ketua BAPEPAM-LK regulation Number VIII.G.7 Attachment to Decision of No. KEP-347/BL/2012 tanggal 25 Juni 2012 tentang BAPEPAM Chairman of BAPEPAM-LK No. KEP-347/BL/ “Penyajian dan Pengungkapan Laporan Keuangan 2012 dated 25 June 2012 on the “Presentations and Emiten atau Perusahaan Publik”. Disclosures of Financial Statements of Listed Entity”.
Laporan keuangan konsolidasian Perusahaan dan The consolidated financial statements of the Company entitas anaknya disetujui oleh Direksi pada tanggal and its subsidiaries were authorized by the Directors 12 Maret 2018. on 12 March 2018.
a. Dasar Penyusunan Laporan Keuangan a. Basis of Preparation of the Consolidated Konsolidasian Financial Statements
Laporan keuangan konsolidasian, kecuali untuk The consolidated financial statements, except for laporan arus kas konsolidasian, disusun berdasarkan the consolidated statements of cash flows, have konsep harga perolehan dan dasar akrual, kecuali been prepared under historical cost concept and untuk beberapa akun tertentu yang diukur accrual basis, except for certain accounts which berdasarkan pengukuran sebagaimana diuraikan are measured on the bases described in the related dalam kebijakan akuntansi masing-masing akun accounting policies of each account. tersebut.
Laporan arus kas konsolidasian disusun dengan The consolidated statements of cash flows have menggunakan metode langsung dengan been prepared based on the direct method by mengklasifikasikan arus kas sebagai aktivitas classifying the cash flows on the basis of operasi, investasi dan pendanaan. operating, investing and financing activities.
Transaksi-transaksi yang termasuk dalam laporan Items included in the consolidated financial keuangan konsolidasian pada tiap entitas diukur statements of each entities are measured using dengan mata uang lingkungan ekonomi utama di the currency of primary economic environment in mana entitas beroperasi (mata uang fungsional). which the entity operates (the functional currency).
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/8 Exhibit E/8
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
a. Dasar Penyusunan Laporan Keuangan a. Basis of Preparation of the Consolidated Konsolidasian (Lanjutan) Financial Statements (Continued)
Laporan keuangan konsolidasian disajikan dalam The consolidated financial statements are Rupiah, yang merupakan mata uang fungsional dan presented in Rupiah, which is the Company and its penyajian Perusahaan dan entitas anaknya. subsidiaries’ functional and presentation currency.
Perubahan atas Pernyataan Standar Akuntansi Changes to Statements of Financial Accounting Keuangan (PSAK) dan Interpretasi Standar Standards (PSAK) and Interpretations Financial Keuangan Baru (ISAK) Accounting Standards (ISAK)
Penerapan dari perubahan interpretasi standar The adoption of the following revised akuntasi berikut yang berlaku efektif sejak tanggal interpretation of the accounting standards, which 1 Januari 2017, tidak menyebabkan perubahan are effective from 1 January 2017, did not result signifikan atas kebijakan akuntansi Perusahaan in substantial changes to the Company and its dan entitas anaknya dan tidak memberikan subsidiary’s accounting policies and had no dampak yang material terhadap jumlah yang material effect on the amounts reported for the dilaporkan di laporan keuangan konsolidasian current year consolidated financial statements: tahun berjalan:
- Amandemen PSAK 1 “Penyajian Laporan - Amandment to PSAK 1 : Presentation of Keuangan” Financial Statements - PSAK 3 (revisi 2016) “Laporan Keuangan Interim” - PSAK 3 (revised 2016) “Interim Financial Statement” - PSAK 24 (revisi 2016) “Imbalan Kerja” - PSAK 24 (revised 2016) “Employee Benefits” - PSAK 58 (revisi 2016) “Aset Tidak Lancar yang - PSAK 58 (revised 2016) “Non-current Assets Held Dimiliki untuk Dijual dan Operasi yang for Sale and Discount Operation” Dihentikan” - PSAK 60 (revisi 2016) “Instrumen Keuangan: - PSAK 60 (revised 2016) “Financial Instruments: Pengungkapan” Disclosure” - ISAK 31 “Interpretasi atas Ruang Lingkup - ISAK 31 “Interpretation on the Scope of PSAK 13 : Properti Investasi” PSAK 13 : Investment Property” - ISAK 32 “Definisi dan Hierarki Standar Akuntansi - ISAK 32 “Definition and Hierarchy of Financial Keuangan” Accounting Standards”
Standar baru, amandemen dan interpretasi yang New standards, amendments and interpretations telah diterbitkan, namun baru berlaku efektif issued and not yet effective for the financial year untuk tahun buku yang dimulai pada atau setelah begin or after 1 January 2018 and relevant to the tanggal 1 Januari 2018 dan relevan terhadap Company and its subsidiary’s operational are as operasional Perusahaan dan entitas anaknya follows: adalah:
- Amandemen PSAK 2 “Laporan Arus Kas – Prakarsa - - Amendment to PSAK 2 “Cash Flows Statements Pengungkapan” – Disclosure Initiative” - Amandemen PSAK 16 “Aset Tetap” - Amendment to PSAK 16 “Property, Plant and Equipment” - Amandemen PSAK 46 “Pajak Penghasilan – - Amendment to PSAK 46 “Taxation – Pengakuan Aset Pajak Tangguhan untuk Rugi Recognition of Deferred Tax Asset for yang Belum Direalisasi” Unrealised Losses” - Amandemen PSAK 62 “Kontrak Asuransi” - Amendment to PSAK 62 “Insurance Contract” - PSAK 71 “Instrumen Keuangan” - PSAK 71 “Financial Instrument” - PSAK 72 “Pendapatan dari Kontrak dengan - PSAK 72 “Revenue from Contract with Pelanggan” Customers” - PSAk 73 “Sewa” - PSAK 73 “Leases”
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/9 Exhibit E/9
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
a. Dasar Penyusunan Laporan Keuangan a. Basis of Preparation of the Consolidated Konsolidasian (Lanjutan) Financial Statements (Continued)
Perubahan atas PSAK dan ISAK (Lanjutan) Changes to PSAK and ISAK (Continued)
Pada tanggal pengesahan laporan keuangan As at the authorization date of these consolidated konsolidasian, Perusahaan dan entitas anaknya financial statements, the Company and its masih mempelajari dampak yang mungkin timbul subsidiary is still evaluating the potential impact dari penerapan PSAK baru dan revisi tersebut of these new and revised PSAK to its consolidated terhadap laporan keuangan konsolidasian. financial statements.
b. Dasar Konsolidasi b. Basis of Consolidation
Laporan keuangan konsolidasian meliputi laporan The consolidated financial statements incorporate keuangan Perusahaan dan entitas-entitas anak the financial statements of the Company and dimana Perusahaan memiliki pengendalian. entities in which the Company has control.
Entitas anak dikonsolidasi secara penuh sejak Subsidiaries are fully consolidated when Perusahaan memperoleh pengendalian atas entitas the Company obtains control over the subsidiary anak tersebut dan tidak mengkonsolidasikan and ceases when the Company loses control entitas anak ketika kehilangan pengendaliannya. of the subsidiary. Control is presumed Pengendalian dianggap ada apabila Perusahaan to exist if the Company owns, directly or indirectly memiliki secara langsung atau tidak langsung through subsidiaries, more than a half of the melalui Entitas Anak, lebih dari setengah kekuasaan voting rights of an entity. suatu entitas.
Laporan keuangan Entitas anak disusun untuk The financial statements of the Subsidiaries are periode pelaporan yang sama dengan Perusahaan, prepared for the same reporting period as the menggunakan kebijakan akuntansi yang konsisten. Company, using consistent accounting policies.
Kombinasi bisnis dihitung dengan menggunakan Business combinations are accounted using the metode akuisisi pada tanggal akuisisi, acquisition method as at the acquisition date, yaitu tanggal pengendalian beralih kepada which is the date on which control is transferred to Entitas. Biaya perolehan termasuk nilai wajar the Entity. The cost of an acquisition includes the imbalan kontinjensi pada tanggal akuisisi. Biaya fair value of any contingent consideration at the terkait akusisi dibebankan ketika terjadi. Aset, acquisition date. Acquisition-related costs are liabilitas dan liabilitas kontinjensi dalam suatu expensed as incurred. Assets, liabilities and kombinasi bisnis diukur pada awalnya sebesar nilai contingent liabilities assumed in a business wajar pada tanggal akuisisi. Untuk setiap akuisisi, combination are measured initially at their fair Perusahaan mengakui kepentingan nonpengendali value at the acquisition date. On an acquisition-by- pada pihak yang diakuisisi baik sebesar nilai acquisition basis, the Company recognizes any non- wajar atau sebagian proporsional kepentingan controlling interest in the acquiree either at fair nonpengendali atas aset neto pihak yang diakuisisi. value or at non-controlling interest’s proportionate share of the acquiree’s net assets.
Imbalan yang dialihkan tidak termasuk jumlah The consideration transferred does not include yang terkait dengan penyelesaian pada hubungan amounts related to the settlement of pre-existing yang sebelumnya ada. Jumlah tersebut, umumnya relationships. Such amounts are generally diakui di dalam laba rugi. recognized in profit or loss.
Semua imbalan kontinjensi diakui pada nilai wajar Any contingent consideration payable is recognized pada saat tanggal akuisisi. Apabila imbalan at fair value at the acquisition date. If the kontinjensi diklasifikasikan sebagai ekuitas, contingent consideration is classified as equity, it maka hal tersebut tidak diukur kembali is not re-measured and settlement is accounted for dan penyelesaiannya dicatat di dalam ekuitas. within equity. Otherwise, subsequent changes to Selain itu, perubahan berikutnya terhadap nilai the fair value of the contingent consideration are wajar imbalan kontinjensi diakui di laporan laba recognized in profit or loss. rugi.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/10 Exhibit E/10
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
b. Dasar Konsolidasi (Lanjutan) b. Basis of Consolidation (Continued)
Saldo dan transaksi antar Perusahaan dan entitas Intra-group balances and transactions, and anaknya dan semua pendapatan dan beban yang any unrealised income and expenses arising belum terealisasi yang timbul dari transaksi antar from intra-group transactions, are eliminated Perusahaan dan entitas anaknya, dieliminasi di in preparing and presenting the consolidated dalam penyusunan dan penyajian laporan keuangan financial statements. konsolidasian.
Investasi pada entitas asosiasi Investments in associates
Jika Perusahaan dan entitas anaknya memiliki Where the Company and its subsidiaries has the pengaruh signifikan (namun bukan mengendalikan) power to participate in (but not control) the terhadap kebijakan keuangan dan kebijakan operasi financial and operating policy decisions of another suatu entitas, entitas tersebut diklasifikasikan entity, it is classified as an associate. Associates sebagai entitas asosiasi. Entitas asosiasi dicatat are recorded by equity-accounted investees dengan menggunakan metode ekuitas (equity- method and initially recognized in the consolidated accounted investees) dan diakui sebesar harga statement of financial position at cost. perolehan pada saat awal perolehan.
Keuntungan dan kerugian yang timbul dari transaksi Profits and losses arising on transactions between antara Perusahaan dan entitas anaknya dengan the Company and its subsidiaries and its associates perusahaan asosiasi diakui hanya sebatas are recognized only to the extent of unrelated kepentingan investor terkait dalam asosiasi. Bagian investors' interests in the associate. The investor's keuntungan dan kerugian penanam modal yang share in the associate's profits and losses resulting timbul dari transaksi asosiasi itu dihilangkan from these transactions is eliminated against the terhadap nilai tercatat asosiasi. carrying value of the associates.
Laporan keuangan konsolidasian mencakup bagian The consolidated financial statements includes laba rugi Perusahaan dan entitas anaknya dan equity in profit or loss of the Company and its penghasilan komprehensif lain dari investee subsidiaries and other comprehensive income from yang dicatat dengan menggunakan metode investee under equity method, therefore ekuitas, setelah dilakukan penyesuaian untuk adjustment shall be made to adjust accounting menyelaraskan kebijakan akuntansi investee yang polices on investee which has been recorded using dicatat dengan menggunakan metode ekuitas the equity method with the Company and its dengan kebijakan Perusahaan dan entitas anaknya, subsidiaries’ policies starting from the date of sejak tanggal dimulainya pengaruh signifikan significant control until its ended. sampai dengan pengaruh signifikan berakhir.
c. Transaksi dengan Pihak Berelasi c. Transactions with Related Party
Pihak berelasi adalah orang atau entitas yang A related party represents a person or an entity terkait dengan entitas pelapor: who is related to the reporting entity:
(a) Orang atau anggota keluarga terdekat (a) A person or a close member of the person’s mempunyai relasi dengan entitas pelapor jika family is related to a reporting entity if that orang tersebut: person: (i) memiliki pengendalian atau pengendalian (i) has control or joint control over the bersama atas entitas pelapor; reporting entity; (ii) memiliki pengaruh signifikan atas entitas (ii) has significant influence over the pelapor; atau reporting entity; or (iii) personil manajemen kunci entitas pelapor (iii) is a member of the key management atau entitas induk entitas pelapor. personnel of the reporting entity or of a parent of the reporting entity.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/11 Exhibit E/11
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
c. Transaksi dengan Pihak Berelasi (Lanjutan) c. Transactions with Related Party (Continued)
(b) Suatu entitas berelasi dengan entitas pelapor (b) An entity is related to a reporting entity if jika memenuhi salah satu hal berikut: any of the following conditions applies: (i) entitas dan entitas pelapor adalah (i) the entity and the reporting entity are anggota dari kelompok usaha yang sama members of the same Group (which (artinya entitas induk, entitas anak, dan means that each parent, subsidiary and entitas anak berikutnya terkait dengan fellow subsidiary is related to the entitas lain). others). (ii) satu entitas adalah entitas asosiasi atau (ii) one entity is an associate or joint venture ventura bersama dari entitas lain (atau of the other entity (or an associate or entitas asosiasi atau ventura bersama joint venture of a member of a group of yang merupakan anggota suatu kelompok which the other entity is a member). usaha, yang mana entitas lain tersebut adalah anggotanya). (iii) kedua entitas tersebut adalah ventura (iii) both entities are joint ventures of the bersama dari pihak ketiga yang sama same third party. (iv) satu entitas adalah ventura bersama dari (iv) one entity is a joint venture of a third entitas ketiga dan entitas yang lain entity and the other entity is an adalah entitas asosiasi dari entitas ketiga. associate of the third entity. (v) entitas tersebut adalah suatu program (v) the entity is a post-employment benefit imbalan pasca-kerja untuk imbalan kerja plan for the benefit of employees of dari salah satu entitas pelapor atau either the reporting entity or an entity entitas yang terkait dengan entitas related to the reporting entity. If the pelapor. Jika entitas pelapor adalah reporting entity is itself such a plan, the entitas yang menyelenggarakan program sponsoring employers are also related to tersebut, maka entitas sponsor juga the reporting entity. berelasi dengan entitas pelapor. (vi) entitas yang dikendalikan atau (vi) the entity is controlled or jointly dikendalikan bersama oleh orang yang controlled by a person identified in (a). diidentifikasi dalam huruf (a). (vii) orang yang diidentifikasi dalam huruf (vii) a person identified in (a)(i) has (a)(i) memiliki pengaruh signifikan atas significant influence over the entity or is entitas atau personil manajemen kunci a member of the key management entitas (atau entitas induk dari entitas). personnel of the entity (or of a parent of the entity).
d. Transaksi dan Penjabaran Mata Uang Asing d. Foreign Currency Transactions and Translations
Transaksi-transaksi dalam mata uang asing Transactions denominated in foreign currencies dijabarkan ke dalam Rupiah dengan menggunakan are translated into Rupiah at the exchange kurs yang berlaku pada tanggal transaksi. Pada rates prevailing at the date of the transaction. tanggal pelaporan, aset dan liabilitas moneter At the reporting date, monetary assets and dalam mata uang asing dijabarkan ke dalam Rupiah liabilities denominated in foreign currencies are dengan menggunakan kurs yang berlaku pada translate into Rupiah using the exchange rates tanggal laporan posisi keuangan konsolidasian. prevailing at the consolidated statements of financial position date.
Keuntungan dan kerugian selisih kurs yang timbul Exchange gains and losses arising from transactions dari transaksi dalam mata uang asing dan dari in foreign currencies and from the translation penjabaran aset dan liabilitas moneter dalam mata of foreign currency monetary assets and liabilities uang asing diakui pada laporan laba rugi dan are recognized in the current year consolidated penghasilan komprehensif lain konsolidasian tahun statements of profit or loss and other berjalan. comprehensive income.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/12 Exhibit E/12
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
d. Transaksi dan Penjabaran Mata Uang Asing d. Foreign Currency Transactions and Translations (Lanjutan) (Continued)
Kurs yang digunakan untuk menjabarkan aset dan The exchange rates used to translate the monetary liabilitas moneter dalam mata uang asing pada assets and liabilities denominated in foreign tanggal 31 Desember 2017 dan 2016 adalah sebagai currencies as of 31 December 2017 and 2016 are as berikut: follows:
2 0 1 7 2 0 1 6
Dolar Amerika Serikat (USD) 13.548,00 13.436,00 United States Dollar (USD) Dolar Singapura (SGD) 10.133,53 9.298,92 Singapore Dollar (SGD) Ringgit Malaysia (MYR) 3.335,31 2.996,11 Malaysia Ringgit (MYR)
e. Kas dan Setara Kas e. Cash and Cash Equivalents
Kas terdiri dari kas dan bank. Setara kas adalah Cash consists of cash on hand and cash in banks. semua investasi yang bersifat jangka pendek dan Cash equivalents are liquid short term investments sangat likuid yang dapat segera dikonversikan which can be converted immediately into cash with menjadi kas penuh dengan jatuh tempo dalam an original maturity of three months or less from waktu tiga bulan atau kurang sejak tanggal the date of placement, as long as they are not penempatannya, dan yang tidak dijaminkan serta being pledged as collateral for borrowings nor tidak dibatasi penggunaannya. restricted to use.
f. Piutang Usaha dan Non-usaha f. Trade and Non-trade Receivables
Piutang usaha dan non-usaha pada awalnya diakui Trade and non-trade receivables are recognized sebesar nilai wajar dan selanjutnya diukur initially at fair value and subsequently measured pada biaya perolehan diamortisasi dengan at amortised cost using the effective menggunakan metode suku bunga efektif, kecuali interest method, except where the effect of efek diskontonya tidak material, setelah dikurangi discounting would be immaterial, less provision for provisi atas penurunan nilai. impairment.
Manajemen membentuk akun penyisihan kerugian Management established an allowance account for penurunan nilai dengan menelaah saldo piutang impairment by reviewing receivables balances secara individual pada saat terdapat bukti objektif individually when there is objective evidence bahwa saldo piutang tidak dapat ditagih. Ketika that the outstanding amounts may not be piutang yang rugi penurunan nilainya telah collected. When receivable for which an diakui, tidak dapat ditagih pada periode impairment allowances had been recognized selanjutnya, maka piutang tersebut dihapusbukukan becomes uncollectible in a subsequent period, it is dengan mengurangi akun penyisihan. Piutang yang written off against the allowances account. diketahui tidak tertagih, dihapuskan dengan secara Receivable which are known to be uncollectible are langsung mengurangi nilai tercatatnya. written off by reducing the carrying amount directly.
g. Beban Dibayar di Muka g. Prepaid Expenses
Beban dibayar di muka diamortisasi selama masa Prepaid expenses are amortized over their manfaat masing-masing biaya dengan menggunakan beneficial periods using the straight-line method. metode garis lurus.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/13 Exhibit E/13
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
h. Persediaan h. Inventories
Persediaan diakui sebesar nilai terendah antara Inventories are recognized at the lower of cost and biaya perolehan atau nilai realisasi neto. Biaya net realisable value. Cost comprises all costs of perolehan terdiri dari biaya pembelian, dan biaya- purchase, and other costs incurred in bringing the biaya lain yang timbul sampai persediaan berada inventories to their present location and condition. dalam kondisi dan lokasi saat ini.
Nilai realisasi neto adalah taksiran harga jual dalam Net realisable value is the estimated sales price in kegiatan usaha normal setelah dikurangi dengan the ordinary course of business, less estimated taksiran biaya penyelesaian dan taksiran biaya yang costs of completion and costs necessary to make diperlukan untuk melaksanakan penjualan. the sale.
Penyisihan kerugian penurunan nilai untuk Allowance for impairment losses of obsolete and persediaan usang dan yang perputarannya lambat slow moving inventory is determined on the basis ditentukan berdasarkan estimasi penggunaan atau of estimated future usage or sale of individual harga jual masing-masing persediaan dimaksud di inventory items. masa yang akan datang.
Persediaan real estat terdiri dari bangunan Real estate inventories consisting of strata unit apartemen yang siap untuk dijual, dinyatakan building ready for sale, stated at cost or net sebesar biaya perolehan atau nilai realisasi bersih, realisable value, whichever is lower. The cost of mana yang lebih rendah. Biaya perolehan bangunan building under construction consist of construction dalam proses pembangunan meliputi biaya costs, other costs related to the development of konstruksi ditambah biaya lainnya yang dapat real estate and borrowing costs, and is transferred diatribusikan pada aktivitas pengembangan real to the building when it is completed and ready for estat dan biaya pinjaman, serta dipindahkan ke sale. bangunan yang siap dijual pada saat selesai dibangun dan siap dijual.
i. Aset Tetap i. Property and Equipment
Perusahan dan entitas anaknya mengadopsi The Company and its subsidiaries adopts the cost metode biaya, dimana aset tetap, kecuali tanah, model, in which property and equipment, except dinyatakan sebesar harga perolehan, dikurangi land, are stated at cost less accumulated akumulasi penyusutan dan akumulasi penurunan depreciation and any impairment value, if any. nilai, jika ada.
Penyusutan aset tetap, kecuali tanah, dihitung Depreciation of property and equipment, except berdasarkan metode garis lurus selama masa land, is computed on a straight-line basis over the manfaat ekonomis aset tetap sebagai berikut: property and equipment’s estimated useful lives, as follows:
Masa manfaat (tahun)/ Jenis Aset Tetap Useful lives (years) Type of Property and Equipment
Bangunan dan prasarana 20 - 40 Buildings and improvement Peralatan dan perlengkapan 4 - 8 Equipment and supplies Kendaraan 8 Vehicles
Tanah dan hak atas tanah dinyatakan berdasarkan Land and landrights are stated at cost and is not biaya perolehan dan tidak disusutkan. depreciated.
ISAK 25, “Hak Atas Tanah”, menetapkan bahwa ISAK 25, “Land Rights,” pescribes that the legal biaya pengurusan legal hak atas tanah dalam cost of land right in the form of Business Usage bentuk Hak Guna Usaha (“HGU”), Hak Guna Rights (“Hak Guna Usaha” or “HGU”), Building Bangunan (“HGB”) dan Hak Pakai (“HP”) ketika Usage Right (Hak Guna Bangunan or “HGB”) and tanah diperoleh pertama kali diakui sebagai bagian Usage Rights (“Hak Pakai” or “HP”) when the land dari biaya perolehan tanah pada akun “Aset Tetap” was acquired initially are recognized as part of the dan tidak diamortisasi. cost of the land under the “Property and Equipment” account and not amortized.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/14 Exhibit E/14
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
i. Aset Tetap (Lanjutan) i. Property and Equipment (Continued)
Sementara biaya pengurusan atas perpanjangan Meanwhile the extension or the legal renewal costs atau pembaruan legal hak atas tanah dalam bentuk of land rights in the form of HGU, HGB and HP are HGU, HGB dan HP diakui sebagai bagian dari akun recognized as part of “Other non-current assets” “Aset tidak lancar lainnya” pada laporan posisi account in the consolidated statements of financial keuangan konsolidasian dan diamortisasi sepanjang position and are amortized over the shorter of the mana yang lebih pendek antara umur hukum dan rights’ legal life and land’s economic life. umur ekonomis tanah.
Estimasi masa manfaat aset tetap ditentukan Estimated useful life of property and equipment berdasarkan ekspektasi pemakaian dan pengalaman are determined based on expected usage and historis atas aset sejenis. historical experience on the similar asset.
Biaya perolehan awal aset tetap meliputi harga The initial cost of property and equipment consists perolehan, termasuk bea impor dan pajak of its purchase price, including import duties pembelian yang tidak boleh dikreditkan dan biaya- and taxes and any directly attributable costs in biaya yang dapat diatribusikan secara langsung bringing the property and equipment to its working untuk membawa aset ke lokasi dan kondisi yang condition and location for its intended use. diinginkan sesuai dengan tujuan penggunaan yang ditetapkan.
Beban-beban yang timbul setelah aset tetap Expenditures incurred after the property and digunakan, seperti beban perbaikan dan equipment have been put into operations, such as pemeliharaan, dibebankan ke laba rugi pada repairs and maintenance costs, are normally saat terjadinya. charged to the operations in the year such costs are incurred.
Apabila beban-beban tersebut menimbulkan In situations where it can be clearly demonstrated peningkatan manfaat ekonomis di masa datang dari that the expenditures have resulted in an increase penggunaan aset tetap tersebut yang dapat in the future economic benefits expected to be melebihi kinerja normalnya, maka beban-beban obtained from the use of the property and tersebut dikapitalisasi sebagai tambahan biaya equipment beyond its originally assessed standard perolehan aset tetap. of performance, the expenditures are capitalized as additional costs of property and equipment.
Jumlah tercatat aset tetap dihentikan An item of property and equipment is derecognized pengakuannya pada saat dilepaskan atau tidak ada upon disposal or when no future economic benefits manfaat ekonomis masa depan yang diharapkan are expected from its use or disposal. When assets dari penggunaan atau pelepasannya. Aset tetap are sold or retired, the cost and related yang dijual atau dilepaskan, dikeluarkan dari accumulated depreciation and any impairment loss kelompok aset tetap berikut akumulasi penyusutan are removed from the accounts. Any gains or loss serta akumulasi penurunan nilai yang terkait arising from derecognition of property and dengan aset tetap tersebut. Laba atau rugi yang equipment calculated as the difference between timbul dari penghentian pengakuan aset tetap the net disposal proceed, if anys with the ditentukan sebesar perbedaan antara jumlah neto carrying amount of the item, is included in the hasil pelepasan, jika ada, dengan jumlah tercatat consolidated statements of profit or loss and other dari aset tetap tersebut, dan diakui dalam laporan comprehensive income in the year the item is laba rugi dan penghasilan komprehensif lain derecognized. konsolidasian pada tahun terjadinya penghentian pengakuan.
Nilai tercatat aset tetap, umur manfaat, serta The carrying value of property and equipment, metode penyusutan ditelaah setiap akhir tahun dan useful lives and depreciation method are reviewed dilakukan penyesuaian apabila hasil telaah berbeda and adjusted if not appropriate, at each financial dengan estimasi sebelumnya. year end.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/15 Exhibit E/15
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
i. Aset Tetap (Lanjutan) i. Property and Equipment (Continued)
Aset dalam Pembangunan Construction in Progress
Aset dalam pengerjaan dinyatakan sebesar Assets under construction are stated at cost and biaya perolehan dan disajikan sebagai bagian dari presented as part of “Property and Equipment” in “Aset Tetap” dalam laporan posisi keuangan the consolidated statements of financial position. konsolidasian. Akumulasi biaya perolehan akan The accumulated costs will be reclassified to the dipindahkan ke masing-masing akun aset tetap yang appropriate property and equipment account when bersangkutan pada saat aset tersebut selesai construction is completed and the assets are ready dikerjakan dan siap digunakan. for their intended use.
j. Properti Investasi j. Investment Properties
Properti investasi adalah properti (tanah atau Investment properties are properties (land or a bangunan atau bagian dari suatu bangunan atau building – or part of buiding – or both) held to earn kedua-duanya) untuk menghasilkan sewa atau untuk rentals or for capital appreciation or both and kenaikan nilai atau keduanya dan aset tetap dalam properties under Build Operate Transfer (BOT) rangka bangun kelola dan alih. Properti investasi agreements. Investment properties are measured diukur sebesar nilai perolehan setelah dikurangi at cost less accumulated depreciation and any akumulasi penyusutan dan akumulasi kerugian accumulated impairment losses. penurunan nilai.
Penyusutan dihitung dengan menggunakan metode Depreciation is computed using the straight-line garis lurus berdasarkan taksiran masa manfaat method based on the estimated useful lives of the ekonomis dari properti investasi berikut ini: investment properties as follows:
Masa manfaat (tahun)/ Useful lives (years)
Bangunan 4 - 20 Buildings
Properti investasi mencakup juga properti dalam Investment property includes properties in the proses pembangunan yang akan digunakan sebagai process of development which will be used as properti investasi setelah selesai investment property after completion.
Properti investasi dihentikan pengakuannya pada Investment properties are derecognized upon saat dilepaskan atau ketika properti investasi tidak disposal or when the investment properties are digunakan lagi secara permanen dan dan tidak permanently withdrawn from use and no future memiliki manfaat ekonomis di masa depan yang economic benefit is expected from its disposal. Any diharapkan pada saat pelepasannya. Laba rugi yang gains or losses on the retirement or disposal of timbul dari penghentian dan pelepasan properti an investment property are recognized in the investasi diakui dalam laporan laba rugi dan consolidated statement of profit or loss and other penghasilan komprehensif lain konsolidasian dalam comprehensive income in the year of retirement or tahun terjadinya penghentian atau pelepasan disposal. Properties under BOT agreements are tersebut. Properti dalam rangka bangun kelola derecognized upon transfer to asset holders at the dan alih dihentikan pengakuannya pada saat end of BOT agreement period by reversing all penyerahan kepada pemilik aset pada saat accounts related to the assets. berakhirnya perjanjian dengan menghapus seluruh akun yang timbul berkaitan dengan aset yang bersangkutan.
k. S e w a k. Leases
Sewa diklasifikasikan sebagai sewa pembiayaan jika Leases are classified as finance leases whenever sewa tersebut mengalihkan secara substansial the terms of the lease transfer substantially all the seluruh risiko dan manfaat yang terkait dengan risks and rewards of ownership to the lease. All kepemilikan aset. Sewa lainnya, yang tidak other leases are classified as operating leases. memenuhi kriteria tersebut, diklasifikasikan sebagai sewa operasi.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/16 Exhibit E/16
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
k. S e w a (Lanjutan) k. Leases (Continued)
Sebagai Lessor As Lessor
Dalam sewa pembiayaan, lessor mengakui aset In financial leases, lessor recorded amounts due berupa piutang sewa pembiayaan sebesar jumlah from leases as receivable at the amount of the investasi sewa neto oleh Perusahaan dan entitas Company and its subsidiaries’ net investment in anaknya. Pengakuan penghasilan sewa pembiayaan the leases. Finance lease income is allocated to dialokasikan pada periode akuntansi yang accounting periods so as to reflect a constant mencerminkan suatu tingkat pengembalian periodik periodic rate of return on the net investment yang konstan atas investasi bersih lessor. outstanding of the lessor.
Pendapatan sewa dari operasi diakui sebagai Rental income from operating leases is recognized pendapatan dengan dasar garis lurus selama masa on the straight-line basis over the term of the sewa. Biaya langsung awal yang terjadi dalam relevant lease. Initial direct costs incurred in proses negosiasi dan pengaturan sewa operasi negotiation and arranging an operating lease are ditambahkan dalam jumlah tercatat aset sewaan added to the carrying amount of the leased asset dan diakui dengan dasar garis lurus selama masa and recognized on a straight-line basis over the sewa. lease term.
Sebagai Lessee As Lessee
Aset pada sewa pembiayaan dicatat pada awal Assets held under finance leases are initially masa sewa sebesar nilai wajar aset sewaan recognized as assets of the Company and its Perusahaan dan entitas anaknya yang ditentukan subsidiaries at the fair value of the inception of pada awal kontrak atau, jika lebih rendah, sebesar the lease or, if lower, at the present value of the nilai kini dari pembayaran sewa minimum. Liabilitas minimum lease payments. The corresponding kepada lessor disajikan di dalam laporan posisi liability to the lessor is included in the keuangan konsolidasian sebagai liabilitas sewa consolidated statement of financial position as a pembiayaan. finance lease obligations.
Pembayaran sewa operasi diakui sebagai beban Operating lease payments are recognized as an dengan dasar garis lurus selama masa sewa, kecuali expense on a straight-line basis over the lease terdapat dasar sistematis lain yang dapat lebih term, except where other systematic basis is more mencerminkan pola waktu dari manfaat aset yang representative of the time pattern in which dinikmati pengguna. Sewa kontinjen diakui sebagai economic benefits from the leased asset are beban di dalam periode terjadinya. consumed. Contingent rentals arising under operating leases are recognized as an expense in the period in which they are incurred.
Dalam hal insentif diperoleh dalam sewa operasi, In the event that lease incentives are received to insentif tersebut diakui sebagai liabilitas. enter into operating leases, such incentives are Keseluruhan manfaat dari insentif diakui sebagai recognized as a liability. The aggregate benefit of pengurangan dari biaya sewa dengan dasar garis incentives is recognized as a reduction of rental lurus kecuali terdapat dasar sistematis lain yang expense on a straight-line basis, except where lebih mencerminkan pola waktu dari manfaat yang another systematic basis is more representative of dinikmati pengguna. the time pattern in which economic benefits from the leased asset are consumed.
l. Hak atas Sewa Tanah l. Lease Landrights
Nilai sewa tanah diamortisasi dengan menggunakan Amount of land lease land is amortized using metode garis lurus sepanjang periode sewa. Biaya straight-line over their beneficial periods. amortisasi yang bersangkutan dibebankan pada Amortization expense charges to consolidated laporan laba rugi dan penghasilan komprehensif lain statement of profit or loss and other konsolidasian tahun berjalan. comprehensive income for the year.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/17 Exhibit E/17
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
m. Aset dan Liabilitas Keuangan m. Financial Assets and Liabilities
Aset Keuangan Financial Assets
Aset keuangan diklasifikasikan ke dalam kategori Financial assets are classified in categories of (i) aset keuangan yang diukur pada nilai wajar (i) financial assets at fair value through profit or melalui laporan laba rugi, (ii) pinjaman yang loss, (ii) loan and receivable, (iii) held-to-maturity diberikan dan piutang, (iii) aset keuangan dimiliki financial assets, and (iv) available-for-sale hingga jatuh tempo, dan (iv) aset keuangan financial assets. tersedia untuk dijual.
Klasifikasi ini tergantung dari tujuan perolehan aset The classification depends on the purpose for keuangan tersebut. Manajemen menentukan which the financial assets were acquired. klasifikasi aset keuangan tersebut pada saat awal Management determines the classification of its pengakuannya. financial assets at initial recognition.
(i) Aset keuangan yang diukur pada nilai wajar (i) Financial assets at fair value through profit melalui laporan laba rugi or loss
Aset keuangan yang diukur pada nilai Financial assets measured at fair value wajar melalui laporan laba rugi adalah aset through profit or loss and are financial assets keuangan yang diperdagangkan. Aset keuangan classified as held for trading. A financial diklasifikasikan sebagai aset keuangan yang assets is classified as held for trading if it is diperdagangkan jika perolehannya ditujukan acquired principally for the purpose of selling untuk dijual atau dibeli kembali dalam or repurchasing it in the near term and for waktu dekat dan terdapat bukti adanya which there is evidence of a recent actual kecenderungan ambil untung dalam jangka pattern of short-term profit taking. pendek.
Perusahaan dan entitas anaknya memiliki aset The Company and its subsidiaries’ financial keuangan yang diukur pada nilai wajar melalui assets at fair value through profit or loss laporan laba rugi yaitu meliputi aset keuangan include other current financial assets as of lancar lainnya per 31 Desember 2017. 31 December 2017.
(ii) Pinjaman yang diberikan dan piutang (ii) Loans and receivables
Pinjaman yang diberikan dan piutang Loans and receivables are non-derivative adalah aset keuangan non-derivatif dengan financial assets with fixed or determinable pembayaran tetap atau telah ditentukan dan payments that are not quoted in an active tidak mempunyai kuotasi di pasar aktif. market.
Pada saat pengakuan awal, pinjaman Loans and receivables are initially recognized yang diberikan dan piutang diakui pada at fair value plus transaction costs and nilai wajarnya ditambah nilai transaksi dan subsequently measured at amortised cost selanjutnya diukur pada biaya perolehan using the effective interest rate method. diamortisasi dengan menggunakan metode suku bunga efektif.
Perusahaan dan entitas anaknya memiliki The Company and its subsidiaries’ loans and pinjaman yang diberikan dan piutang meliputi receivables include cash and cash equivalents, kas dan setara kas, piutang usaha dan trade and non-trade receivables as of non-usaha per 31 Desember 2017. 31 December 2017.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/18 Exhibit E/18
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
m. Aset dan Liabilitas Keuangan (Lanjutan) m. Financial Assets and Liabilities (Continued)
Aset Keuangan (Lanjutan) Financial Assets (Continued)
(iii) Aset keuangan dimiliki hingga jatuh tempo (iii) Held-to-maturity financial assets
Aset keuangan yang dimiliki hingga jatuh Held-to-maturity financial assets are non- tempo adalah aset keuangan non-derivatif derivative financial assets with fixed dengan pembayaran tetap atau telah or determinable payments and fixed maturity ditentukan dan jatuh temponya telah that the management has positive intention ditetapkan, serta manajemen mempunyai and ability to hold to maturity, other than: intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo, kecuali:
a. investasi yang pada saat pengakuan awal a. those that upon initial recognition ditetapkan sebagai aset keuangan yang designates as at fair value through diukur pada nilai wajar melalui laporan consolidated statement of profit or loss; laba rugi konsolidasian;
b. investasi yang ditetapkan dalam kelompok b. those that designated as available for sale; tersedia untuk dijual; dan and
c. investasi yang memiliki definisi pinjaman c. those that meet the definition of loan and yang diberikan dan piutang. receivable.
Perusahaan dan entitas anaknya tidak memiliki The Company and its subsidiaries have aset keuangan dimiliki hingga jatuh tempo per no held-to-maturity financial assets as of 31 Desember 2017. 31 December 2017.
(iv) Aset keuangan tersedia untuk dijual (iv) Available-for-sale financial assets
Aset keuangan tersedia untuk dijual adalah Available-for-sale financial assets are non- aset keuangan non-derivatif yang ditetapkan derivative financial assets designated as sebagai tersedia untuk dijual atau yang available-for-sale or not classified in the tidak diklasifikasikan dalam tiga kategori three previous categories. sebelumnya.
Setelah pengukuran awal, aset keuangan After initial measurement, available-for-sale tersedia untuk dijual diukur dengan nilai wajar financial assets are measured at fair value dengan keuntungan atau kerugian yang belum with unrealised gains or losses recognized in terealisasi diakui dalam ekuitas sampai equity until the investment is derecognized. investasi tersebut dihentikan pengakuannya. At that time, the cumulative gain or loss Pada saat itu, keuntungan atau kerugian previously recognized in equity will be kumulatif yang sebelumnya diakui dalam reclassified to consolidated statement of ekuitas akan direklasifikasi ke laporan laba comprehensive income as a reclassification rugi sebagai penyesuaian reklasifikasi. adjustment.
Perusahaan dan entitas anaknya tidak memiliki The Company and its subsidiaries have no aset keuangan tersedia untuk dijual per available-for-sale financial assets as of 31 Desember 2017. 31 December 2017.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/19 Exhibit E/19
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
m. Aset dan Liabilitas Keuangan (Lanjutan) m. Financial Assets and Liabilities (Continued)
Penurunan nilai aset keuangan Impairment of financial assets
Aset keuangan dievaluasi terhadap indikator Financial assets are assessed for indicators of penurunan nilai pada setiap tanggal pelaporan. Aset impairment at each reporting date. Financial keuangan diturunkan nilainya bila terdapat bukti assets are impaired when there is objective objektif, sebagai akibat dari satu atau lebih evidence that, as a result of one or more events peristiwa yang terjadi setelah pengakuan awal aset that occurred after the initial recognition of the keuangan, dan peristiwa yang merugikan tersebut financial asset, the estimated future cash flows of berdampak pada estimasi arus kas masa depan atas the investment have been affected. aset keuangan yang dapat diestimasi secara handal.
Bukti objektif penurunan nilai termasuk sebagai Objective evidence of impairment could include: berikut:
(i) kesulitan keuangan signifikan yang dialami (i) significant financial difficulty of the issuer or penerbit atau pihak peminjam; atau counterparty; or (ii) pelanggaran kontrak, seperti terjadinya (ii) default or delinquency in interest or principal wanprestasi atau tunggakan pembayaran pokok payments; or atau bunga; atau (iii) terdapat kemungkinan bahwa pihak peminjam (iii) it becomes probable that the borrower akan dinyatakan pailit atau melakukan will enter bankruptcy or financial reorganisasi keuangan. re-organization.
Penghentian pengakuan aset keuangan Derecognition of financial assets
Perusahaan dan entitas anaknya menghentikan The Company and its subsidiaries derecognizes a pengakuan aset keuangan jika dan hanya jika hak financial asset only when the contractual rights to kontraktual atas arus kas yang berasal dari aset the cash flows from the asset expire, or the berakhir, atau Perusahaan dan entitas anaknya Company and its subsidiaries transfers the mentransfer aset keuangan dan secara substansial financial asset and substantially all the risks and mentransfer seluruh risiko dan manfaat atas rewards of ownership of the asset to another kepemilikan aset kepada entitas lain. entity.
Jika Perusahaan dan entitas anaknya tidak If the Company and its subsidiaries neither mengalihkan serta tidak memiliki secara transfers nor retains substantially all the risks and substansial atas seluruh risiko dan manfaat rewards of ownership and continues to control the kepemilikan serta masih mengendalikan aset yang transferred asset, the Company and its ditransfer, maka Perusahaan dan entitas anaknya subsidiaries recognizes their retained interest in mengakui keterlibatan berkelanjutan atas aset the asset and an associated liability for amounts yang ditransfer dan liabilitas terkait sebesar they may have to pay. If the Company and its jumlah yang mungkin harus dibayar. Jika subsidiaries retains substantially all the risks and Perusahaan dan entitas anaknya memiliki secara rewards of ownership of a transferred financial substansial seluruh risiko dan manfaat kepemilikan asset, the Company and its subsidiaries continues aset keuangan yang ditransfer, Perusahaan dan to recognize the financial asset and also recognize entitas anaknya masih mengakui aset keuangan dan a collateralised borrowing for the proceeds juga mengakui pinjaman yang dijamin sebesar received. pinjaman yang diterima.
Liabilitas Keuangan Financial Liabilities
Liabilitas keuangan dikelompokkan ke dalam Financial liabilities are classified in the following kategori (i) liabilitas keuangan yang diukur pada categories of (i) financial liabilities at fair value nilai wajar melalui laporan laba rugi dan (ii) through profit or loss and (ii) financial liabilities liabilitas keuangan yang diukur dengan biaya measured at amortized cost. perolehan diamortisasi.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/20 Exhibit E/20
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
m. Aset dan Liabilitas Keuangan (Lanjutan) m. Financial Assets and Liabilities (Continued)
Liabilitas Keuangan (Lanjutan) Financial Liabilities (Continued)
(i) Liabilitas keuangan yang diukur pada nilai (i) Financial liabilities at fair value through wajar melalui laporan laba rugi profit or loss
Liabilitas keuangan yang diukur pada nilai Financial liabilities measured at fair value wajar melalui laporan laba rugi adalah through profit or loss are financial liabilities liabilitas keuangan yang diperdagangkan. that are held for trading.
Liabilitas keuangan diklasifikasikan sebagai A financial liability is classified as held for liabilitas keuangan yang diperdagangkan trading if it is acquired or incurred principally jika perolehannya ditujukan untuk dijual atau for the purpose of selling or repurchasing it in dibeli kembali dalam waktu dekat dan the near term and for which there is evidence terdapat bukti adanya kecenderungan ambil of a recent actual pattern of short-term untung dalam jangka pendek. Utang derivatif profit-taking. Derivatives are also categorized dikategorikan sebagai liabilitas keuangan yang as held for trading unless they are designated diperdagangkan kecuali ditetapkan dan efektif and effective as hedging instruments. sebagai instrumen lindung nilai.
Perusahaan dan entitas anaknya tidak The Company and its subsidiaries’ have no memiliki liabilitas keuangan yang diukur pada financial liabilities at fair value through profit nilai wajar melalui laporan laba rugi per or loss as of 31 December 2017. 31 Desember 2017.
(ii) Liabilitas keuangan yang diukur dengan biaya (ii) Financial liabilities at amortized cost perolehan diamortisasi
Liabilitas keuangan yang tidak diklasifikasikan Financial liabilities not classified as financial sebagai liabilitas keuangan yang diukur pada liabilities at fair value through profit or nilai wajar melalui laporan laba rugi loss are classified in this category and are diklasifikasikan dalam kategori ini dan diukur measured at amortized cost. The Company pada biaya perolehan diamortisasi. Perusahaan and its subsidiaries have financial liabilities dan entitas anaknya memiliki liabilitas measured at amortized cost including trade keuangan yang diukur pada biaya perolehan payable, non-trade payable, consumer diamortisasi meliputi utang usaha, utang non- financing loans, tenant’s deposits, accruals usaha, utang pembiayaan konsumen, uang and bank loans as of 31 December 2017. jaminan penyewa, beban akrual dan utang bank per 31 Desember 2017.
Saling Hapus Instrumen Keuangan Offsetting Financial Instruments
Aset dan liabilitas keuangan disalinghapuskan dan Financial assets and liabilities are offset and the jumlah netonya dilaporkan pada laporan posisi net amount is reported in the consolidated keuangan konsolidasian ketika terdapat hak yang financial position when there is a legally berkekuatan hukum untuk melakukan saling hapus enforceable right to offset the recognized amounts atas jumlah yang telah diakui tersebut dan adanya and there is an intention to settle on a net basis, niat untuk merealisasikan aset dan menyelesaikan or realise the assets and settle the liability liabilitas secara simultan. simultaneously.
n. Penurunan Nilai Aset Non-Keuangan n. Impairment of Non-financial Assets
Pada tanggal pelaporan, Perusahaan dan entitas At the reporting date, the Company and its anaknya menelaah nilai tercatat aset non-keuangan subsidiaries reviews the carrying amount of non- untuk menentukan apakah terdapat indikasi bahwa financial assets to determine whether there is any aset tersebut telah mengalami penurunan nilai. indication that those assets have suffered an Jika terdapat indikasi tersebut, nilai yang dapat impairment loss. If such indication exists, the diperoleh kembali dari aset diestimasi untuk recoverable value of the asset is estimated to menentukan tingkat kerugian penurunan nilai. determine the level of impairment loss.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/21 Exhibit E/21
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
n. Penurunan Nilai Aset Non-Keuangan (Lanjutan) n. Impairment of Non-financial Assets (Continued)
Bila tidak memungkinkan untuk mengestimasi If it is not possible to estimate the recoverable nilai yang dapat diperoleh kembali atas suatu amount of an individual asset, the Company and its aset individu, Perusahaan dan entitas anaknya subsidiaries estimates the recoverable value of the mengestimasi nilai yang dapat diperoleh kembali cash generating unit to an asset. dari unit penghasil kas atas aset.
Perkiraan jumlah yang dapat diperoleh kembali Estimated recoverable amount is the higher of fair adalah nilai tertinggi antara nilai wajar dikurangi value less cost to sell or value in use. If the biaya untuk menjual atau nilai pakai. Jika jumlah recoverable amount of a non-financial asset (cash yang dapat diperoleh kembali dari aset non- generating unit) is less than its carrying amount, keuangan (unit penghasil kas) kurang dari nilai the carrying amount of the asset (cash generating tercatatnya, nilai tercatat aset (unit penghasil kas) unit) is reduced to its recoverable amount and an dikurangi menjadi sebesar nilai yang dapat impairment loss is recognized immediately against diperoleh kembali dan rugi penurunan nilai diakui earnings. langsung ke laba rugi.
Goodwill diuji penurunan nilai setiap tahun dan Goodwill is tested for impairment annually and ketika terdapat suatu indikasi bahwa nilai when circumstances indicate that the carrying tercatatnya mungkin mengalami penurunan nilai. value may be impaired. Impairment is determined Penurunan nilai bagi goodwill ditetapkan dengan for goodwill by assessing the recoverable amount menentukan jumlah tercatat tiap Unit Penghasil of each Cash Generating Unit (CGU) to which Kas (UPK) terkait dengan goodwill tersebut. Jika goodwill relates. Where the recoverable amount of jumlah terpulihkan UPK kurang dari jumlah the CGU is less than its carrying amount, an tercatatnya, rugi penurunan nilai diakui. Rugi impairment loss is recognized impairment losses penurunan nilai terkait goodwill tidak dapat dibalik relating to goodwill cannot be reversed in future pada periode berikutnya. period.
Manajemen berkeyakinan bahwa tidak terdapat Management believes that there is no indication of indikasi atas kemungkinan penurunan potensial atas potential impairment in values of non financial nilai aset non-keuangan pada tanggal laporan assets at financial statement date. keuangan.
o. Kombinasi Bisnis Entitas Sepengendali o. Business Combination of entities under common control
Kombinasi bisnis entitas sepengendali dibukukan Business combination of entities under common menggunakan metode penyatuan kepemilikan. control are accounted for using the pooling-of- interest method.
Selisih antara harga konsiderasi yang diterima The difference between the consideration received dengan nilai tercatat setiap transaksi restrukturisasi and the carrying value of each restructuring antara entitas sepengendali dibukukan sebagai transaction among entities under common control bagian tambahan modal disetor dalam bagian is recorded as part of additional paid-in capital in ekuitas di laporan posisi keuangan konsolidasian. the equity section of the consolidated statement of financial position.
p. Pengakuan Pendapatan dan Beban p. Revenue and Expenses Recognition
Pendapatan hotel Revenue from hotel
Pendapatan hotel diakui pada saat jasa diberikan Hotel revenue is recognized when the service is atau pada saat hotel telah memindahkan risiko dan rendered or when the customer takes title and manfaat kepemilikan barang kepada pelanggan. assume the risks and rewards of ownership of the goods.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/22 Exhibit E/22
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
p. Pengakuan Pendapatan dan Beban (Lanjutan) p. Revenue and Expenses Recognition (Continued)
Pendapatan penjualan apartemen Revenue from sale of apartment
Pendapatan dari penjualan unit apartemen yang Revenue from sale of fully constructed and ready telah selesai dan siap untuk dijual diakui dengan to sale apartment is recognized using the full metode akrual penuh apabila seluruh kriteria accrual method if all the following criteria are berikut ini terpenuhi: satisfied
proses penjualan telah selesai; the selling process is completed; harga jual akan tertagih; the selling price is collectible; tagihan penjual tidak akan bersifat the receivable will not be subordinated to subordinasi dimasa yang akan datang other loans which will be obtained by the terhadap pinjaman lain yang akan diperoleh buyer; and pembeli; dan penjual telah mengalihkan resiko dan the seller has transferred the risk and manfaat kepemilikan unit bangunan kepada benefits of the ownerships of the building pembeli melalui suatu transaksi yang secara units to the buyer through a transaction substantsi adalah penjualan dan penjual tidak which in substance is a sale and the seller lagi memiliki kewajiban atau keterlibatan has no further obligation or significant signifikan dengan unit apartement tersebut. involvement with the sold unit.
Pendapatan dari penjualan apartemen yang Revenue from sale of apartments under sedang dalam tahap pembangunan diakui construction is recognized using the percentage dengan metode persentase penyelesaian of completion method, if all the following criteria apabila seluruh kriteria berikut ini terpenuhi: are satisfied:
proses konstruksi telah melampaui tahap the construction process has completed the awal, yaitu pondasi bangunan telah selesai first stage, that is the building foundation has dan semua persayaratan untuk memulai been completed and all the requirements for pembangunan telah terlampaui; initiating the construction have been fulfilled; jumlah pembayaran oleh pembeli telah payment from the buyer has reached 20% of the mencapai 20% dari harga jual yang telah agreed selling price and the amount is not disepakati dan jumlah tersebut tidak dapat refundable to the buyer; and diminta kembali oleh pembeli; dan jumlah pendapatan penjualan dan biaya unit the amount of sales revenue and unit cost of properti dapat diestimasi dengan andal. the property can be estimated reliably.
Apabila persyaratan tersebut di atas belum If any of the above criteria are not met, the terpenuhi seluruhnya, maka pembayaran yang proceeds received from the buyer are recognized diterima dari pembeli diakui sebagai uang muka. as deposit.
Pendapatan sewa Revenue from rent
Pendapatan sewa diakui sejalan berlalunya waktu Rental revenue is recognized along the passage of atau selama periode sewa atau penggunaan aset time or over the lease or use of the asset. Other yang bersangkutan. Pendapatan lainnya diakui revenues are recognized upon delivery of goods and pada saat penyerahan barang dan jasa kepada services to customers. pelanggan.
Uang muka sewa yang diterima dari penyewa Rental revenue received in advance are recorded as dicatat ke dalam akun pendapatan diterima di unearned income and recognized as income muka dan akan diakui sebagai pendapatan secara regularly over the rental periods. berkala sesuai dengan periode kontrak sewa yang berlaku.
Beban diakui pada saat terjadinya. Expenses are recognized when incurred (accrual basis).
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/23 Exhibit E/23
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
q. Biaya pinjaman q. Borrowing cost
Biaya pinjaman yang dapat diatribusikan secara Borrowing costs which are directly attributable to langsung dengan perolehan, konstruksi, atau the acquisition, construction, or production of pembuatan aset kualifikasian dikapitalisasi sebagai qualifying assets which are capitalized as part of bagian dari biaya perolehan aset tersebut. Biaya the acquisition cost of the qualifying assets. Other pinjaman lainnya diakui sebagai beban pada saat borrowing costs are recognized as expense in the terjadinya. period in which they are incurred.
Jika Perusahaan dan entitas anaknya meminjam To the extent that the Company and its dana secara khusus untuk tujuan memperoleh aset subsidiaries borrows funds specifically for the kualifikasian, maka entitas menentukan jumlah purpose of obtaining a qualifying asset, the entity biaya pinjaman yang layak dikapitalisasikan sebesar determines the amount of borrowing costs eligible biaya pinjaman aktual yang terjadi selama tahun for capitalization as the actual borrowing costs berjalan dikurangi penghasilan investasi atas incurred on that borrowing during the year less any investasi sementara dari pinjaman tersebut. investment income on the temporary investment of those borrowings.
Jika pengembangan aktif atas aset kualifikasian If the active development of a qualifying assets dihentikan, Perusahaan dan entitas anaknya were stopped, the Company and its subsidiaries menghentikan kapitalisasi biaya pinjaman selama ceased the capitalization of borrowing costs within periode tidak aktif. inactive periods.
Kapitalisasi biaya pinjaman dihentikan saat Capitalization of borrowing costs were ceased selesainya secara substansi seluruh aktivitas yang when substantially all the activities necessary to diperlukan untuk mempersiapkan aset kualifikasian prepare the qualifying asset for its intended use or agar dapat digunakan atau dijual sesuai dengan sale are complete maksudnya.
r. Perpajakan r. Taxation
Pajak Kini dan Pajak Tangguhan Current Tax and Deferred Tax
Beban pajak penghasilan terdiri dari pajak Income tax expenses comprises current and penghasilan kini dan pajak tangguhan. Pajak diakui deferred income tax. Tax are recognized in the dalam dalam laporan laba rugi konsolidasian, consolidated statement of profit or loss, except to kecuali jika pajak tersebut terkait dengan transaksi the extent that it relates to item recognized in atau kejadian yang diakui di pendapatan other comprehensive income or directly in equity. komprehensif lain atau langsung diakui ke ekuitas.
Beban pajak kini ditentukan berdasarkan laba kena Current tax expense is determined based on the pajak dalam tahun yang bersangkutan yang dihitung taxable profit for the year, using the tax rates and berdasarkan tarif pajak dan undang-undang pajak tax laws that have been enacted or substantially yang berlaku pada tanggal pelaporan. Aset dan enacted at the reporting tax. Current tax assets liabilitas pajak kini diukur sebesar nilai yang and liabilities are measured at the amount diharapkan dapat terpulihkan atau dibayar. expected to be recovered or paid.
Aset dan liabilitas pajak tangguhan diakui atas Deferred tax assets and liabilities are recognized konsekuensi pajak periode mendatang yang timbul as a future period tax consequences resulting from dari perbedaan jumlah tercatat aset dan liabilitas differences of carrying value between assets and menurut laporan keuangan konsolidasian dengan liabilities based on the consolidated financial dasar pengenaan pajak aset dan liabilitas. Liabilitas statements with tax base of assets and liabilities. pajak tangguhan diakui untuk semua perbedaan Deferred tax liabilities are recognized for all temporer kena pajak dan aset pajak tangguhan taxable temporary differences and deferred tax diakui untuk perbedaan yang boleh dikurangkan, assets are recognized for deductible differences, sepanjang besar kemungkinan dapat dimanfaatkan when it is probable to be used against future untuk mengurangi laba kena pajak pada masa taxable income. mendatang.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/24 Exhibit E/24
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
r. Perpajakan (Lanjutan) r. Taxation (Continued)
Pajak Kini dan Pajak Tangguhan (Lanjutan) Current Tax and Deferred Tax (Continued)
Pajak tangguhan diukur dengan menggunakan tarif Deferred tax is calculated at the tax rates that pajak yang berlaku atau secara substansial telah have been enacted or substantially enacted at the berlaku pada tanggal pelaporan. Pajak tangguhan reporting date. Deferred tax is charged or credited dibebankan atau dikreditkan dalam laporan laba to the current year’s consolidated statements of rugi konsolidasian tahun berjalan kecuali pajak profit or loss, except deferred tax which is charged tangguhan yang dibebankan atau dikreditkan or credited directly to equity. langsung ke ekuitas.
Jumlah tercatat aset pajak tangguhan dikaji ulang The carrying amount of deferred tax asset is pada akhir periode pelaporan dan dikurangi jumlah reviewed at the end of each reporting period and tercatatnya jika kemungkinan besar laba kena reduced to the extent that it is no longer probable pajak tidak lagi tersedia dalam jumlah yang that sufficient taxable profits will be available to memadai untuk mengkompensasikan sebagian atau allow all or part of the asset to be recovered. seluruh aset pajak tangguhan tersebut.
Pajak Final Final Tax
Peraturan pajak di Indonesia mengatur beberapa Tax regulation in Indonesia determined that jenis penghasilan yang dikenakan pajak yang certain taxable income is subject to final tax. Final bersifat final. Pajak final yang dikenakan atas nilai tax applied to the gross value of transactions is bruto transaksi tetap dikenakan walaupun atas applied even when the parties carrying the transaksi tersebut pelaku transaksi mengalami transaction recognizing losses. kerugian.
Mengacu pada revisi PSAK 46, pajak final tersebut Referring to revised PSAK 46, final tax is no longer tidak termasuk dalam lingkup yang diatur oleh governed by PSAK 46. Therefore, the Company and PSAK 46. Oleh karena itu, Perusahaan dan entitas its subsidiaries has decided to present all of the anaknya meyajikan beban pajak final sehubungan final tax arising from revenues subject to final tax dengan penghasilan yang menjadi obyek pajak final as part of operating expenses. sebagai bagian dari beban usaha.
Berdasarkan Peraturan Pemerintah No. 5 tanggal Based on Government Regulation No. 5 dated 23 Maret 2002, penghasilan dari sewa pusat niaga 23 March 2002, income from shopping center rental dikenakan pajak final sebesar 10% kecuali untuk is subject to a final tax of 10%, except for income kontrak sewa yang ditandatangani sebelum on rental contracts signed prior to such regulation peraturan tersebut yang dikenakan pajak 6%. which is subject to 6%.
s. Imbalan Pasca-Kerja s. Post-employment Benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employee benefits which are terutang kepada karyawan berdasarkan metode recognized when they accrue to the employees. akrual.
Imbalan pensiun dan imbalan pasca-kerja lainnya Pension benefits and other post-employment benefits
Perusahaan dan entitas anaknya mengakui imbalan The Company and its subsidiaries recognized an kerja jangka pendek berdasarkan metode akrual unfunded employee benefits liability in accordance sesuai dengan Undang-Undang Ketenagakerjaan with Labor Law No. 13/2003 dated 25 March 2003. No. 13/2003 tanggal 25 Maret 2003.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/25 Exhibit E/25
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
s. Imbalan Pasca-Kerja (Lanjutan) s. Post-employment Benefits (Continued)
Imbalan pensiun dan imbalan pasca-kerja lainnya Pension benefits and other post-employment (Lanjutan) benefits (Continued)
Liabilitas imbalan pasca-kerja merupakan nilai kini The pension benefit obligation is the present value liabilitas imbalan pasti pada tanggal pelaporan of the defined benefit obligation at the reporting dan penyesuaian atas keuntungan atau kerugian date together with adjustments for actuarial gain aktuarial. Perhitungan liabilitas imbalan pasca- or losses. The cost of providing post-employment kerja menggunakan metode Projected Unit Credit benefits obligation is determined using the oleh aktuaris independen. Projected Unit Credit method by an independent actuary.
Nilai kini liabilitas imbalan pasti ditentukan dengan The present value of the defined benefit obligation mendiskontokan estimasi arus kas di masa depan is determined by discounting the estimated future dengan menggunakan tingkat bunga obligasi cash outflows using the yield at the reporting date pemerintah jangka panjang pada tanggal pelaporan of long-term government bonds and that have dan memiliki jangka waktu yang sama dengan terms to maturity similar to the related pension liabilitas imbalan pensiun yang bersangkutan. obligation.
Keuntungan atau kerugian aktuaria yang timbul Actuarial gains or losses arising from experience dari penyesuaian dan perubahan dalam asumsi- adjustment and changes in actuarial assumptions asumsi aktuarial yang jumlahnya dibebankan atau are charged or credited to equity in other dikreditkan di penghasilan komprehensif lainnya comprehensive income in the period in which they sebesar nilai yang timbul pada periode tersebut. arise.
Biaya jasa lalu akan diakui segera dalam laporan The past service costs are recognized immediately laba rugi konsolidasian. in consolidated statement of profit or loss.
Keuntungan dan kerugian dari kurtailmen atau Gains or losses on the curtailment or settlement of penyelesaian kewajiban imbalan pasti diakui ketika the defined benefit obligation are recognized when kurtailmen atau penyelesaian tersebut terjadi. the curtailment or settlement occurs.
Perusahaan dan entitas anak memberikan imbalan The Company and its subsidiaries also provides pasca-kerja lainnya, seperti uang penghargaan dan other post-employment benefits, such as service uang pisah. Imbalan berupa uang penghargaan pay and separation pay. The service pay benefit diberikan apabila karyawan bekerja hingga vests when the employees reach their retirement mencapai usia pensiun. Sedangkan imbalan berupa age. The separation pay benefit is paid to uang pisah, dibayarkan kepada karyawan employees in the case of voluntary resignation, yang mengundurkan diri secara sukarela, setelah subject to a minimum number of years of services. memenuhi minimal masa kerja tertentu. Imbalan These benefits have been accounted for using the ini dihitung dengan menggunakan metodologi yang same methodolody to compute defined benefit sama dengan metodologi yang digunakan dalam pension plan. perhitungan pensiun imbalan pasti.
t. Provisi t. Provisions
Provisi diakui apabila Perusahaan dan entitas Provisions are recognized when the Company and anaknya mempunyai kewajiban hukum atau its subsidiaries have a present legal or constructive konstruktif di masa kini sebagai akibat dari obligation as a result of past events; it is probable kejadian di masa lalu; dan besar kemungkinan that the outflow of resources will be required to Perusahaan dan entitas anaknya diharuskan settle the obligation and the amount can’t be menyelesaikan kewajiban tersebut dapat diestimasi estimated reliably. Provisions are not recognized secara handal. Provisi tidak diakui untuk kerugian for future operating losses. operasi masa depan.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/26 Exhibit E/26
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
t. Provisi (Lanjutan) t. Provisions (Continued)
Provisi diukur sebesar nilai kini pengeluaran Provisions are measured at the present value of yang diharapkan diperlukan untuk menyelesaikan the expenditures expected to be required to settle kewajiban dengan menggunakan tingkat bunga the obligation using a pre-tax rate that reflects sebelum pajak yang mencerminkan penilaian pasar current market assessments of the time value of atas nilai waktu uang dan risiko yang terkait dengan money and the risks specific to the obligation. The kewajiban. Peningkatan provisi karena berjalannya increase in the provision due to the passage of waktu diakui sebagai biaya keuangan. time is recognized as an interest expense.
u. Kuasi-Reorganisasi u. Quasi-Reorganization
Kuasi-reorganisasi merupakan prosedur akuntansi A quasi-reorganization is an accounting procedure yang mengatur entitas merestrukturisasi ekuitasnya which enables an entity to restructure its equity by dengan mengeliminasi defisit dan menilai kembali eliminating its deficits and reappraising all its seluruh aset dan liabilitas pada nilai wajar. Dengan assets and liabilities at fair value. By this melakukan prosedur ini, entitas diharapkan dapat procedure, the entity is expected to continue melanjutkan usahanya seperti baru, dengan laporan its business as if it was a fresh start, with a posisi keuangan konsolidasian yang menunjukkan consolidated statement of financial position posisi keuangan yang lebih baik tanpa defisit dari showing a better financial position with no past masa lampau. deficit.
Nilai wajar aset dan liabilitas ditentukan The fair values of assets and liabilities are berdasarkan nilai pasar. Bila nilai pasar tidak determined based on market values. If the market tersedia, estimasi nilai pasar didasarkan pada values is unavailable, the estimated fair value is informasi terbaik yang tersedia. Estimasi nilai wajar determined using the best information available. dilakukan dengan mempertimbangkan harga aset The estimates of the fair values put into sejenis dan teknik penilaian yang paling sesuai consideration prices of the similar type of assets dengan karakteristik aset dan liabilitas yang and a valuation technique most suitable to the bersangkutan, antara lain metode nilai kini dan characteristics of the related assets and liabilities, arus kas diskonto. among others, presents value method and discounted cash flows method.
Perusahaan dan entitas anaknya menentukan nilai The Company and its subsidiaries determined the wajar aset dan liabilitas berdasarkan hasil penilaian value of assets and liabilities based on the dari penilai independen. appraisal result from an independent appraiser.
Seperti yang dijelaskan pada Catatan 32, As discussed in Note 32, the conducted quasi- Perusahaan melakukan kuasi-reorganisasi pada reorganization as of 31 July 2009, in which the tanggal 31 Juli 2009, dimana saldo defisit deficit of the Company amounted to Rp 31,224 Perusahaan sebesar Rp 31.224 juta, dieliminasi million, is eliminated to the revaluation increment ke saldo penilaian kembali aset dan liabilitas. of assets and liabilities. PT Indonesian PT Indonesian Paradise Island, entitas anak, Paradise Island, a subsidiary, conducted quasi melakukan kuasi-reorganisasi pada tanggal reorganization for the financial position as at 31 Desember 2011 dengan mengeliminasi saldo 31 December 2011 by eliminated deficit balance. defisit.
v. Laba per Saham Dasar v. Basic Earnings per Share
Laba per saham dasar dihitung dengan membagi Basic earnings per share is computed by dividing laba bersih tahun berjalan yang dapat diatribusikan net income for the year attributable to owners of kepada pemilik entitas induk dengan jumlah rata- the Company by the weighted average number of rata tertimbang saham yang beredar selama tahun shares outstanding during the year. berjalan.
Perusahaan dan entitas anaknya tidak mempunyai The Company and its subsidiaries have no efek berpotensi saham biasa yang bersifat dilutive outstanding dilutive potential ordinary shares as pada tanggal-tanggal 31 Desember 2017 dan 2016, of 31 December 2017 and 2016, and accordingly, dan oleh karenanya, laba per saham dilusian tidak no diluted earnings per share is calculated and dihitung dan disajikan pada laporan laba rugi dan presented in the consolidated statements of profit penghasilan komprehensif lain konsolidasian. or loss and other comprehensive income.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/27 Exhibit E/27
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2 . SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Lanjutan) (Continued)
w. Dividen w. Dividend
Pembagian dividen final diakui saat dividen Final dividend distribution are recognized when tersebut disetujui dalam Rapat Umum Pemegang the dividends are approved in the Company’s Saham. General Meeting of the Shareholders.
x. Informasi Segmen x. Segment information
Segmen operasi diidentifikasi berdasarkan laporan Operating segments to be identified on the basis internal mengenai komponen dari Perusahaan dan of internal reports about components of the entitas anaknya yang secara regular direviu oleh Company and its subsidiaries that are regularly “pengambil keputusan operasional” dalam rangka reviewed by “the chief operating decision maker” mengalokasikan sumber daya dan menilai kinerja in order to allocate resources to the segments and segmen operasi. to assess their performance.
Segmen operasi adalah komponen dari entitas: An operating segment is a component of an entity: a) yang terlibat dalam aktivitas bisnis yang mana a) that engages in business activities which memperoleh pendapatan dan menimbulkan it may earn revenue and incur expenses beban (termasuk pendapatan dan beban (including revenue and expenses relating to the terkait dengan transaksi dengan komponen lain transaction with other components of the same dari entitas yang sama); entity);
b) yang hasil operasinya dikaji ulang secara b) whose operating results are reviewed regularly regular oleh pengambil keputusan operasional by the entity’s chief operating decision maker untuk membuat keputusan tentang sumber to make decision about resources to be daya yang dialokasikan pada segmen tersebut allocated to the segments and assess its dan menilai kinerjanya; dan performance; and c) dimana tersedia informasi keuangan yang c) for which discrete financial information is dapat dipisahkan. available.
Perusahaan dan entitas anaknya mengungkapkan The Company and its subsidiaries discloses its segmen operasionalnya berdasarkan segmen usaha operating segments based on operating segment yang meliputi segmen geografis dan bisnis. that consist of geographical and business segment.
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI 3. SIGNIFICANT ACCOUNTING JUDGMENT, ESTIMATION SIGNIFIKAN AND ASSUMPTIONS
Penyusunan laporan keuangan konsolidasian The preparation of the Company and its subsidiaries’ Perusahaan dan entitas anaknya mengharuskan consolidated financial statements requires manajemen untuk membuat pertimbangan, estimasi management to make judgment, estimates and dan asumsi yang mempengaruhi jumlah yang assumptions that affect the reported amounts of dilaporkan dari pendapatan, beban, aset dan liabilitas, revenues, expenses, assets and liabilities, and the dan pengungkapan atas liabilitas kontijensi, pada akhir disclosure of contingent liabilities, at the end of the periode pelaporan. Ketidakpastian mengenai asumsi reporting period. Uncertainty about these assumptions dan estimasi tersebut dapat mengakibatkan and estimates could result in outcomes that require a penyesuaian material terhadap nilai tercatat aset dan material adjustment to the carrying amount of the liabilitas dalam periode pelaporan berikutnya. asset and liability affected in future periods.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/28 Exhibit E/28
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI 3. SIGNIFICANT ACCOUNTING JUDGMENT, ESTIMATION SIGNIFIKAN (Lanjutan) AND ASSUMPTIONS (Continued)
Pertimbangan Judgment
Klasifikasi Properti Classification of Property
Perusahaan dan entitas anaknya menentukan properti The Company and its subsidiaries determines whether diklasifikasikan sebagai properti investasi atau properti a property is classified as investment property or persediaan: inventory property: (i) Properti investasi terdiri dari tanah dan bangunan (i) Investment property comprises land and buildings (terutama kantor, gudang komersial dan properti (principally offices, commercial warehouse and ritel) yang tidak digunakan secara substansial untuk retail property) that are not occupied substantially digunakan oleh, atau dalam operasi Perusahaan dan for use by, or in the operations of, the Company entitas anaknya, atau untuk dijual dalam kegiatan and its subsidiaries, nor for sale in the ordinary usaha normal, namun diadakan terutama untuk course of business, but are held primarily to earn mendapatkan pendapatan sewa dan apresiasi rental income and capital appreciation. These modal. Bangunan ini secara substansial disewakan buildings are substantially rented to tenants and kepada penyewa dan tidak dimaksudkan untuk not intended to be sold in the ordinary course of dijual dalam kegiatan usaha sehari-hari. business (ii) Properti persediaan terdiri dari properti yang (ii) Inventory property comprises property that is held dimiliki untuk dijual dalam kegiatan usaha normal. for sale in the ordinary course of business. Pada prinsipnya, ini adalah properti hunian yang Principally, this is residential property that the dikembangkan Perusahaan dan entitas anaknya Company and its subsidiaries develops and intends yang dimaksudkan untuk dijual sebelum atau pada to sell before or on completion of construction. saat penyelesaian konstruksi.
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan sumber utama estimasi The key assumptions concerning the future and other ketidakpastian lain pada tanggal pelaporan yang key sources of estimation uncertainty at the reporting memiliki risiko signifikan bagi penyesuaian yang date that have a significant risk of causing a material material terhadap nilai tercatat aset dan liabilitas adjustment to the carrying amounts of assets and untuk tahun berikutnya diungkapkan di bawah ini. liabilities within the next financial year are disclosed Perusahaan dan entitas anaknya mendasarkan asumsi below. The Company and its subsidiaries based its dan estimasi pada parameter yang tersedia pada saat assumptions and estimates on parameters available laporan keuangan konsolidasian disusun. Asumsi dan when the consolidated financial statements were situasi mengenai perkembangan masa depan mungkin prepared. Existing circumstances and assumptions berubah akibat perubahan pasar atau situasi di luar about future developments may change due to market kendali Perusahaan dan entitas anaknya. Perubahan changes or circumstances arising beyond the control of tersebut dicerminkan dalam asumsi terkait pada saat the Company and its subsidiaries. Such changes are terjadinya. reflected in the assumptions when they occur.
Penyusutan Aset Tetap dan Properti Investasi Depreciation of Property and Equipments and Investment Properties
Masa manfaat dari masing-masing properti investasi The useful life of each of the item of the Company dan aset tetap Perusahaan dan entitas anaknya and its subsidiaries’ investment properties and diestimasi berdasarkan jangka waktu aset tersebut property and equipments are estimated based on the diharapkan tersedia untuk digunakan. Estimasi tersebut period over which the asset is expected to be available didasarkan pada penilaian kolektif berdasarkan bidang for use. Such estimation is based on a collective usaha yang sama, evaluasi teknis internal dan assessment of similar business, internal technical pengalaman dengan aset sejenis. evaluation and experience with similar assets.
Estimasi masa manfaat setiap aset ditelaah secara The estimated useful life of each asset is reviewed berkala dan diperbarui jika estimasi berbeda dari periodically and updated if expectations differ from perkiraan sebelumnya yang disebabkan karena previous estimates due to physical wear and tear, pemakaian, usang secara teknis atau komersial serta technical or commercial obsolescence, and legal or keterbatasan hak atau pembatasan lainnya terhadap other limits on the use of the asset. penggunaan aset.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/29 Exhibit E/29
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI 3. SIGNIFICANT ACCOUNTING JUDGMENT, ESTIMATION SIGNIFIKAN (Lanjutan) AND ASSUMPTIONS (Continued)
Estimasi dan Asumsi (Lanjutan) Estimates and Assumptions (Continued)
Penyusutan Aset Tetap dan Properti Investasi Depreciation of Property and Equipments and Investment Properties
Dengan demikian, hasil operasi di masa mendatang It is possible, however, that future results of mungkin dapat terpengaruh secara signifikan oleh operations could be materially affected by changes in perubahan dalam jumlah dan waktu terjadinya biaya the amounts and timing of recorded expenses brought karena perubahan yang disebabkan oleh faktor-faktor about by changes in the factors mentioned above. yang disebutkan di atas.
Penurunan estimasi masa manfaat ekonomis setiap aset A reduction in the estimated useful life of any item of tetap akan menyebabkan kenaikan beban penyusutan investment properties and property and equipment dan penurunan nilai tercatat aset tetap. would increase the recorded depreciation and decrease the carrying values of these assets.
Nilai tercatat aset tetap dan properti investasi The carrying values of property and equipment and konsolidasian pada tanggal 31 Desember 2017 dan 2016 investment properties as of 31 December 2017 and masing-masing diungkapkan pada Catatan 10 dan 11. 2016 are presented in Notes 10 and 11, respectively.
Imbalan Pasca-kerja Post-employment benefit
Penentuan liabilitas imbalan pasca-kerja tergantung The determination of post-employment benefits pada pemilihan asumsi tertentu yang digunakan oleh liabilities depends on selection of certain assumption akutaris dalam menghitung jumlah liabilitas tersebut. used by actuary for the calculation of the liability. Asumsi tersebut termasuk antara lain tingkat diskonto These assumptions include discount rate and rate of dan kenaikan gaji. Realisasi yang berbeda dari asumsi increase in salaries. Different realisation from the Perusahaan dan entitas anaknya diakumulasi dan Company and its subsidiaries’ assumptions are diamortisasi selama periode mendatang dan akibatnya accumulated and amortized over the future periods akan berpengaruh terhadap jumlah liabilitas yang and consequently will affect liabilities recognized in diakui dimasa mendatang. the future.
Pajak Penghasilan Income Tax
Pertimbangan signifikan dilakukan dalam menentukan Significant judgment is involved in determining the provisi atas pajak penghasilan badan. Terdapat provision for corporate income tax. There are certain transaksi dan perhitungan tertentu yang penentuan transactions and computation for which the ultimate pajak akhirnya adalah tidak pasti dalam kegiatan usaha tax determination is uncertain during the ordinary normal. Perusahaan dan entitas anaknya mengakui course of business. The Company and its subsidiaries liabilitas atas pajak penghasilan badan berdasarkan recognizes liabilities for expected corporate income estimasi apakah akan terdapat tambahan pajak tax issues based on estimates of whether additional penghasilan badan. corporate income tax will be due.
Cadangan Kerugian Penurunan Nilai Persediaan Allowance for Decline in Value of Inventories
Perusahaan dan entitas anaknya membentuk cadangan The Company and its subsidiaries provides allowance kerugian penurunan nilai persediaan berdasarkan for decline in value of inventories based on its estimasi bahwa tidak terdapat penggunaan masa depan estimation that there will be no future usage of such dari persediaan tersebut, atau terdapat kemungkinan inventories or such inventories will be slow moving in persediaan tersebut menjadi usang. Manajemen the future. While it is believed that the assumptions berkeyakinan bahwa asumsi-asumsi yang digunakan used in the estimation of the allowance for decline in dalam estimasi cadangan kerugian penurunan nilai the value of inventories reflected in the consolidated persediaan dalam laporan keuangan konsolidasian financial statements are appropriate and reasonable. adalah tepat dan wajar.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/30 Exhibit E/30
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI 3. SIGNIFICANT ACCOUNTING JUDGMENT, ESTIMATION SIGNIFIKAN (Lanjutan) AND ASSUMPTIONS (Continued)
Estimasi dan Asumsi (Lanjutan) Estimates and Assumptions (Continued)
Cadangan Kerugian Penurunan Nilai Persediaan Allowance for Decline in Value of Inventories (Lanjutan) (Continued)
Namun demikian, perubahan signifikan dalam asumsi- However, significant changes in these assumptions asumsi tersebut dapat berdampak signifikan terhadap may materially affect the assessment of the carrying nilai tercatat persediaan dan jumlah beban kerugian value of the inventories and provision for decline in penurunan nilai persediaan, yang akhirnya akan value of inventories expense, which ultimately impact berdampak pada hasil operasi Perusahaan dan entitas the result of the Company and its subsidiaries’ anaknya. operations.
4. KAS DAN SETARA KAS 4 . CASH AND CASH EQUIVALENTS
2 0 1 7 2 0 1 6
K a s Cash on hand Rupiah 468.202.401 881.040.153 Rupiah Dolar Singapura - 5.741.619 Singapore Dollar Ringgit Malaysia - 8.689 Malaysian Ringgit
Jumlah Kas 468.202.401 886.790.461 Total Cash on hand
B a n k Cash in banks Rupiah Rupiah PT Bank Negara Indonesia (Persero) Tbk 89.563.053.891 51.981.922.626 PT Bank Negara Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk 14.738.179.013 9.569.995.562 PT Bank Mandiri (Persero) Tbk PT Bank Mega Tbk 14.343.853.554 9.685.304.314 PT Bank Mega Tbk PT Bank Central Asia Tbk 4.284.573.929 7.220.401.523 PT Bank Central Asia Tbk PT Bank Bukopin Tbk 2.539.334.515 12.259.383.271 PT Bank Bukopin Tbk PT Bank UOB Indonesia 1.968.237.625 6.294.937.110 PT Bank UOB Indonesia PT Bank Permata Tbk 1.754.581.449 1.961.688.746 PT Bank Permata Tbk PT Bank CIMB Niaga Tbk 1.482.064.218 1.129.224.697 PT Bank CIMB Niaga Tbk PT Bank China Construction Bank PT Bank China Construction Bank Indonesia Tbk 1.174.480.611 255.674.546 Indonesia Tbk PT Bank Mayapada International Tbk 896.354.717 544.591.917 PT Bank Mayapada International Tbk PT Bank Tabungan Negara (Persero) Tbk 406.465.589 - PT Bank Tabungan Negara (Persero) Tbk PT Bank DKI 157.659.470 158.259.470 PT Bank DKI PT Bank Rakyat Indonesia (Persero) Tbk 3.916.273 - PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Pembangunan Daerah Jawa Barat PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk 940.000 - and Banten Tbk PT Maybank Indonesia Tbk - 660.915.543 PT Maybank Indonesia Tbk Dolar Amerika Serikat United States Dollar PT Bank Mega Tbk 27.382.760.847 61.843.087 PT Bank Mega Tbk PT Bank Negara Indonesia (Persero) Tbk 11.535.641.635 15.207.921.554 PT Bank Negara Indonesia (Persero) Tbk PT Bank Mandiri (Persero) Tbk 1.685.867.870 1.791.408.041 PT Bank Mandiri (Persero) Tbk UBS AG, cabang Singapura 602.764.068 - UBS AG, Singapore branch PT Bank Central Asia Tbk 64.176.475 66.398.273 PT Bank Central Asia Tbk PT Bank Permata Tbk 9.053.316 9.784.633 PT Bank Permata Tbk Credit Suisse AG - 4.788.590.400 Credit Suisse AG PT Bank Rakyat Indonesia (Persero) Tbk - 3.378.856 PT Bank Rakyat Indonesia (Persero) Tbk Dolar Singapura Singapore Dollar PT Bank Negara Indonesia (Persero) Tbk 205.352.540 - PT Bank Negara Indonesia (Persero) Tbk PT Maybank Indonesia Tbk 139.308.474 898.589.338 PT Maybank Indonesia Tbk PT Bank China Construction Bank PT Bank China Construction Bank Indonesia Tbk 59.215.992 - Indonesia Tbk PT Bank Mega Tbk 1.521.246 2.209.516 PT Bank Mega Tbk
Jumlah Bank 174.999.357.317 124.552.423.023 Total Cash in Banks
Jumlah kas dan bank (Saldo dipindahkan) 175.467.559.718 125.439.213.484 Total cash and banks (Balance carried forward)
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/31 Exhibit E/31
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
4. KAS DAN SETARA KAS (Lanjutan) 4. CASH AND CASH EQUIVALENTS (Continued)
2 0 1 7 2 0 1 6
Jumlah kas dan bank (Saldo pindahan) 175.467.559.718 125.439.213.484 Total cash and banks (Balance brought forward)
Deposito berjangka Time deposits Rupiah Rupiah PT Bank Mayapada International Tbk 100.180.021.643 45.842.252.271 PT Bank Mayapada International Tbk PT Bank Mega Tbk 53.243.499.124 38.035.310.720 PT Bank Mega Tbk PT Bank China Construction Bank PT Bank China Construction Bank Indonesia Tbk 39.334.262.882 25.849.236.356 Indonesia Tbk PT Maybank Indonesia Tbk 6.000.000.000 6.000.000.000 PT Maybank Indonesia Tbk PT Bank Negara Indonesia (Persero) Tbk 3.387.000.031 - PT Bank Negara Indonesia (Persero) Tbk Dolar Amerika Serikat United States Dollar PT Bank Mega Tbk 33.802.260.000 - PT Bank Mega Tbk Credit Suisse AG 25.328.812.428 - Credit Suisse AG PT Bank Mayapada International Tbk 3.482.149.366 3.378.802.458 PT Bank Mayapada International Tbk PT Bank Negara Indonesia (Persero) Tbk - 3.359.000.000 PT Bank Negara Indonesia (Persero) Tbk
Jumlah Deposito berjangka 264.758.005.474 122.464.601.805 Total Time Deposits
Jumlah 440.225.565.192 247.903.815.289 T o t a l
Tingkat suku bunga deposito berjangka Interest rates per annum on per tahun time deposits Rupiah 6,75% - 7,50% 7,00% - 9,25% Rupiah Dolar Amerika Serikat 1,20% - 1,25% 1,25% - 2,25% United States Dollar
Seluruh bank dan deposito berjangka ditempatkan All banks and time deposits are placed into third pada pihak ketiga. parties.
5. ASET KEUANGAN LANCAR LAINNYA 5 . OTHER CURRENT FINANCIAL ASSETS
2 0 1 7 2 0 1 6
Investasi efek tersedia untuk dijual - Investment securities available-for-sale - Kontrak manajemen dana 3.729.728.832 4.129.728.832 Fund management contract Efek yang diperdagangkan di bursa - Listed securities - Pihak ketiga 32.600.000 100.000.000 Third party
Jumlah 3.762.328.832 4.229.728.832 T o t a l
Akun ini merupakan penempatan dana yang dikelola This account represents investment funds managed by oleh perusahaan investasi dan saham, dengan rincian investment company and stocks, as follows: sebagai berikut:
2 0 1 7 2 0 1 6
Kontrak Pengelolaan dana Discretionary private fund Future Tree Sydney Limited BVI 3.729.728.832 4.129.728.832 Future Tree Sydney Limited BVI Saham Stocks PT Bakrie Sumatra Plantations Tbk 32.600.000 100.000.000 PT Bakrie Sumatra Plantations Tbk
Jumlah 3.762.328.832 4.229.728.832 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/32 Exhibit E/32
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
5. ASET KEUANGAN LANCAR LAINNYA (Lanjutan) 5 . OTHER CURRENT FINANCIAL ASSETS (Continued)
EIS, entitas anak, memiliki kontrak dengan Future Tree EIS, a subsidiary, has contract with Future Tree Sydney Limited BVI yang akan berakhir pada tanggal Sydney Limited BVI that will be expired on 25 Desember 2018. 25 December 2018.
Mutasi investasi efek Perusahaan dan entitas anaknya Mutation of the Company and its subsidiaries’s adalah sebagai berikut: securities investment are as follows:
2 0 1 7 2 0 1 6
Saldo awal 4.229.728.832 18.522.728.832 Beginning balance Penambahan - 8.180.000 Addition Pencairan ( 400.000.000) ( 93.000.000) Redemption Kerugian penurunan nilai ( 67.400.000) - Impairment losses Pelepasan entitas anak - ( 14.208.180.000) Disposal of subsidiary
Saldo akhir 3.762.328.832 4.229.728.832 Ending balance
6. PIUTANG USAHA - PIHAK KETIGA 6. TRADE RECEIVABLES - THIRD PARTIES
Piutang usaha terdiri dari: Trade receivables consist of:
2 0 1 7 2 0 1 6
H o t e l H o t e l City ledger 7.394.256.639 8.367.588.438 City ledger In-house guests 1.946.827.044 3.057.579.062 In-house guests Kartu kredit dan lainnya 1.210.363.705 730.563.735 Credit cards and others
10.551.447.388 12.155.731.235
Pusat perbelanjaan 27.273.603.646 12.980.122.659 Shopping center
Jumlah 37.825.051.034 25.135.853.894 T o t a l Cadangan kerugian penurunan nilai ( 2.189.373.954) ( 2.189.373.954) Allowance for impairment losses
Bersih 35.635.677.080 22.946.479.940 N e t
Umur piutang usaha adalah sebagai berikut: The aging of trade receivable is as follows:
2 0 1 7 2 0 1 6
Belum jatuh tempo 16.484.169.560 8.581.305.587 Not yet due Telah jatuh tempo: Past due: 1 - 30 hari 10.521.324.285 11.260.081.725 1 - 30 days 31 - 60 hari 3.961.019.667 2.385.709.805 31 - 60 days Lebih dari 60 hari 6.858.537.522 2.908.756.777 More than 60 days
Jumlah 37.825.051.034 25.135.853.894 Total Cadangan kerugian penurunan nilai ( 2.189.373.954) ( 2.189.373.954) Allowance for impairment losses
Piutang usaha - Bersih 35.635.677.080 22.946.479.940 Trade receivable - Net
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/33 Exhibit E/33
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
6. PIUTANG USAHA - PIHAK KETIGA (Lanjutan) 6. TRADE RECEIVABLES - THIRD PARTIES (Continued)
Mutasi cadangan kerugian penurunan nilai piutang The movements in allowance for impairment of trade usaha dari pihak ketiga adalah sebagai berikut: receivables from third parties is as follows:
2 0 1 7 2 0 1 6
Saldo awal tahun 2.189.373.954 2.177.288.113 Beginning balance Penambahan tahun berjalan - 274.787.924 Addition for the year Pengurangan tahun berjalan - ( 262.702.083) Deduction for the year
Saldo akhir 2.189.373.954 2.189.373.954 Ending balance
Berdasarkan telaah atas status dari masing-masing Based on the review of the status of each of the akun piutang usaha pada akhir tahun, manajemen accounts receivable at the end of the year, the Perusahaan dan entitas anaknya berkeyakinan bahwa Company and its subsidiaries' management believes cadangan kerugian penurunan nilai untuk piutang that the allowance for impairment losses for trade usaha telah memadai untuk menutup kemungkinan receivables is adequate to cover possible losses from kerugian dari tidak tertagihnya piutang tersebut. uncollectible accounts.
Seluruh piutang usaha diatas dalam mata uang Rupiah. All trade receivables were denominated in Rupiah.
Tidak ada piutang usaha Perusahaan dan entitas None of trade receivables of the Company and its anaknya yang digunakan sebagai jaminan atas subsidiaries are pledged as collateral for any debts. pinjaman.
7. PERSEDIAAN 7. INVENTORIES
2 0 1 7 2 0 1 6
Aset real estat 34.635.780.545 - Real estate assets Makanan dan minuman 1.903.891.341 2.173.165.593 Food and beverages Perlengkapan hotel 1.042.998.900 1.161.066.782 Hotel supplies Lainnya 819.273.713 1.126.149.838 Others
Jumlah 38.401.944.499 4.460.382.213 T o t a l
Persediaan aset real estat yang masih dalam Real estate assets inventories in construction owns by pembangunan milik RIN, entitas anak, telah RIN, a subsidiary, are covered with PT Asuransi diasuransikan kepada PT Asuransi Central Asia dengan Central Asia for sum insured amounted to jumlah pertanggungan sebesar Rp 227.920.260.211 Rp 227,920,260,211 as of 31 December 2017. pada tanggal 31 Desember 2017. Manajemen Management believes that the insurance coverage is berpendapat bahwa nilai pertanggungan tersebut adequate to cover possible losses on the insured adalah cukup untuk menutupi kemungkinan kerugian assets. atas aset yang diasuransikan.
Manajemen Perusahaan dan entitas anaknya The management of the Company and its subsidiaries berkeyakinan bahwa seluruh persediaan dapat believe that the inventories can be either used or digunakan atau dijual, sehingga tidak diperlukan sold, and therefore an allowance for impairment loss cadangan kerugian penurunan nilai untuk persediaan of obsolete stock is not considered necessary. usang.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/34 Exhibit E/34
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
8. BEBAN DIBAYAR DI MUKA DAN UANG MUKA 8. PREPAID EXPENSE AND ADVANCES
2 0 1 7 2 0 1 6
Beban dibayar di muka Prepaid expenses Asuransi 3.016.268.223 2.747.563.141 Insurance Iklan dan promosi 539.831.407 378.448.613 Advertising and promotion Sewa 267.930.831 370.240.336 Rent Perijinan 246.010.522 162.478.221 License Lain-lain 895.437.831 1.037.925.738 Others Uang muka Advances Pembelian 5.997.487.125 4.448.065.728 Purchases Lain-lain 3.592.253.219 3.329.025.230 Others
Jumlah 14.555.219.158 12.473.747.007 T o t a l
9. INVESTASI SAHAM 9. INVESTMENTS IN SHARES OF STOCKS
2 0 1 7 2 0 1 6
Investasi pada Entitas Asosiasi 3.689.251.659.303 2.555.867.907.136 Investment in Associates Investasi pada Metode Biaya Perolehan - 100.000.000 Investment at Cost Method
Jumlah 3.689.251.659.303 2.555.967.907.136 T o t a l
a. Investasi pada Entitas Asosiasi a. Investment in Associates
2 0 1 7 Bagian laba bersih komprehensif entitas asosiasi/ Presentase Share in net pemilikan/ Saldo awal/ comprehensive Saldo akhir/ Percentage of Beginning Penambahan/ income Dividen/ Ending Entitas asosiasi ownership balance Addition in associates Dividend balance Associates
PT Plaza Indonesia Realty Tbk (PLIN) 42,55% 2.504.038.448.459 1.307.956.317.265 95.024.930.630 ( 271.430.257.140) 3.635.589.439.214 PT Plaza Indonesia Realty Tbk (PLIN) PT Omega Propertindo (OP) 33,34% 28.619.028.421 - 1.709.521.529 - 30.328.549.950 PT Omega Propertindo (OP) PT Java Paradise Island (JPI) 27,50% 23.210.430.256 - 123.239.883 - 23.333.670.139 PT Java Paradise Island (JPI)
Jumlah 2.555.867.907.136 1.307.956.317.265 96.857.692.042 ( 271.430.257.140) 3.689.251.659.303 T o t a l
2 0 1 6 Bagian laba (rugi) bersih komprehensif entitas asosiasi/ Presentase Share in net pemilikan/ Saldo awal/ comprehensive Saldo akhir/ Percentage of Beginning Penambahan/ income (loss) Dividen/ Ending Entitas asosiasi ownership balance Addition in associates Dividend balance Associates
PT Plaza Indonesia Realty Tbk (PLIN) 26,03% 2.341.870.640.106 15.041.876.850 186.685.931.503 ( 39.560.000.000) 2.504.038.448.459 PT Plaza Indonesia Realty Tbk (PLIN) PT Omega Propertindo (OP) 33,34% 26.666.465.954 - 1.952.562.467 - 28.619.028.421 PT Omega Propertindo (OP) PT Java Paradise Island (JPI) 27,50% 23.606.589.064 - ( 396.158.808) - 23.210.430.256 PT Java Paradise Island (JPI)
Jumlah 2.392.143.695.124 15.041.876.850 188.242.335.162 ( 39.560.000.000) 2.555.867.907.136 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/35 Exhibit E/35
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
9. INVESTASI SAHAM (Lanjutan) 9. INVESTMENTS IN SHARES OF STOCKS (Continued)
a. Investasi pada Entitas Asosiasi (Lanjutan) a. Investment in Associates (Continued)
Ringkasan informasi keuangan dari entitas asosiasi Summarized financial information in respect of di atas adalah sebagai berikut: the associates are as follows:
2 0 1 7 2 0 1 6
OP OP Jumlah aset 104.514.495.323 98.163.499.521 Total assets Jumlah liabilitas 12.907.340.130 11.987.361.423 Total liabilities
Aset bersih 91.607.155.193 86.176.138.098 Net assets
Jumlah pendapatan tahun berjalan 22.756.271.086 21.413.656.085 Total revenue for the year
Laba komprehensif tahun berjalan 5.127.539.079 5.856.516.097 Comprehensive income for the year
2 0 1 7 2 0 1 6
JPI JPI Jumlah aset 88.977.186.244 98.181.193.083 Total assets Jumlah liabilitas 12.611.021.573 22.263.173.440 Total liabilities
Aset bersih 76.366.164.671 75.918.019.643 Net assets
Jumlah pendapatan tahun berjalan 39.962.761.303 36.981.770.990 Total revenue for the year
Laba (rugi) komprehensif tahun berjalan 448.145.028 ( 1.440.577.480) Comprehensive income (loss) for the year
2 0 1 7 2 0 1 6
PLIN PLIN Jumlah aset 4.639.438.405.000 4.586.569.370.000 Total assets Jumlah liabilitas 3.652.525.537.000 2.301.324.680.000 Total liabilities
Aset bersih 986.912.868.000 2.285.244.690.000 Net assets
Jumlah pendapatan tahun berjalan 1.609.456.677.000 1.659.204.584.000 Total revenue for the year
Laba komprehensif tahun berjalan 266.598.705.000 719.221.516.000 Comprehensive income for the year
Sebagian investasi saham PLIN dijadikan jaminan Partially investment in shares of stock in PLIN are pinjaman bank dari Credit Suisse AG dan UBS AG pledged for bank loan from Credit Suisse AG and (Catatan 19). UBS AG (Note 19).
b. Investasi pada Metode Biaya Perolehan b. Investment at Cost Method
2 0 1 7
Presentase pemilikan/ Saldo awal/ Saldo akhir/ Percentage of Beginning Penambahan/ Pengurangan/ Ending ownership balance Addition Deduction balance
PT Toba Karya Sejahtera (TKS) 0,00% 100.000.000 - ( 100.000.000) - PT Toba Karya Sejahtera (TKS)
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/36 Exhibit E/36
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
9. INVESTASI SAHAM (Lanjutan) 9. INVESTMENTS IN SHARES OF STOCK (Continued)
b. Investasi pada Metode Biaya Perolehan (Lanjutan) b. Investment at Cost Method (Continued)
2 0 1 6
Presentase pemilikan/ Saldo awal/ Saldo akhir/ Percentage of Beginning Penambahan/ Pengurangan/ Ending ownership balance Addition Deduction balance
PT Toba Karya Sejahtera (TKS) 1,00% - 100.000.000 - 100.000.000 PT Toba Karya Sejahtera (TKS)
10. ASET TETAP 10. PROPERTY AND EQUIPMENT
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/ 2 0 1 7 1 January Addition Deduction Reclassification 31 December 2 0 1 7
Biaya perolehan C o s t Pemilikan langsung Direct acquisition Tanah dan hak atas tanah 527.099.264.899 - - - 527.099.264.899 Land and landrights Bangunan dan prasarana 1.178.651.342.667 9.333.083.088 ( 79.807.415.022) - 1.108.177.010.733 Buildings and improvements Peralatan dan perlengkapan 181.377.531.338 15.361.684.606 ( 19.496.637.169) - 177.242.578.775 Equipment and supplies Kendaraan 5.591.030.850 575.350.000 ( 1.209.470.520) 635.250.000 5.592.160.330 Vehicles
1.892.719.169.754 25.270.117.694 ( 100.513.522.711) 635.250.000 1.818.111.014.737 Aset dalam pembangunan Construction in progress Bangunan 15.782.160.230 17.941.986.514 - ( 936.407.704) 32.787.739.040 Building Sewa pembiayaan L e a s e Kendaraan 635.250.000 - - ( 635.250.000) - Vehicles
1.909.136.579.984 43.212.104.208 ( 100.513.522.711) ( 936.407.704) 1.850.898.753.777
Accumulated Akumulasi penyusutan depreciation Pemilikan langsung Direct acquisition Bangunan dan prasarana 273.921.852.193 40.228.945.339 ( 79.807.415.022) - 234.343.382.510 Buildings and improvements Peralatan dan perlengkapan 139.966.033.613 20.757.663.346 ( 19.496.637.169) - 141.227.059.790 Equipment and supplies Kendaraan 4.403.575.596 481.355.782 ( 1.204.870.520) 122.744.800 3.802.805.658 Vehicles
418.291.461.402 61.467.964.467 ( 100.508.922.711) 122.744.800 379.373.247.958 Sewa pembiayaan L e a s e Kendaraan 122.744.800 - - ( 122.744.800) - Vehicles
418.414.206.202 61.467.964.467 ( 100.508.922.711) - 379.373.247.958
Nilai Tercatat 1.490.722.373.782 1.471.525.505.819 Carrying Amount
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/ 2 0 1 6 1 January Addition Deduction Reclassification 31 December 2 0 1 6
Biaya perolehan C o s t Pemilikan langsung Direct acquisition Tanah dan hak atas tanah 764.745.928.895 - - ( 237.646.663.996) 527.099.264.899 Land and landrights Bangunan dan prasarana 1.123.366.520.499 30.462.692.403 - 24.822.129.765 1.178.651.342.667 Buildings and improvements Peralatan dan perlengkapan 162.850.264.488 18.539.266.850 ( 12.000.000) - 181.377.531.338 Equipment and supplies Kendaraan 5.382.889.184 208.141.666 - - 5.591.030.850 Vehicles
2.056.345.603.066 49.210.100.919 ( 12.000.000) ( 212.824.534.231) 1.892.719.169.754 Aset dalam pembangunan Construction in progress Bangunan 140.806.714.363 5.720.583.078 - ( 130.745.137.211) 15.782.160.230 Building Sewa pembiayaan L e a s e Kendaraan 365.250.000 270.000.000 - - 635.250.000 Vehicles
2.197.517.567.429 55.200.683.997 ( 12.000.000) ( 343.569.671.442) 1.909.136.579.984
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/37 Exhibit E/37
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10 . PROPERTY AND EQUIPMENT (Continued)
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/ 2 0 1 6 1 January Addition Deduction Reclassification 31 December 2 0 1 6
Accumulated Akumulasi penyusutan depreciation Pemilikan langsung Direct acquisition Bangunan dan prasarana 204.512.450.425 69.451.679.508 - ( 42.277.740) 273.921.852.193 Buildings and improvements Peralatan dan perlengkapan 118.301.540.661 21.665.742.952 ( 1.250.000) - 139.966.033.613 Equipment and supplies Kendaraan 4.039.898.629 363.676.967 - - 4.403.575.596 Vehicles
326.853.889.715 91.481.099.427 ( 1.250.000) ( 42.277.740) 418.291.461.402 Sewa pembiayaan L e a s e Kendaraan 23.026.053 99.718.747 - - 122.744.800 Vehicles
326.876.915.768 91.580.818.174 ( 1.250.000) ( 42.277.740) 418.414.206.202
Nilai Tercatat 1.870.640.651.661 1.490.722.373.782 Carrying Amount
Laba penjualan aset tetap adalah sebagai berikut: Gain on sale of property and equipment are as follows:
2 0 1 7 2 0 1 6
Nilai perolehan 100.513.522.711 12.000.000 C o s t Akumulasi penyusutan ( 100.508.922.711) ( 1.250.000) Accumulated depreciation
Nilai tercatat 4.600.000 10.750.000 Carrying value Harga jual 4.504.000.000 12.000.000 Selling price
Gain on sale of Laba penjualan aset tetap 4.499.400.000 1.250.000 property and equipment
Pada tahun 2008, Perusahaan memiliki tanah yang In 2008, the Company owns land located in Tebet, berlokasi di Tebet, Jakarta berupa sertifikat Hak Guna Jakarta in the form of Property Use Right Title Bangunan (SHGB) No. 2682 seluas 237 m2 atas nama Certificate (SHGB) No. 2682 measures 237 sqm under Perusahaan. SHGB tersebut akan jatuh tempo pada Company name. Legal rights will be due on 2021 and tahun 2021 dan menurut Perusahaan hak tersebut the Company believes there will be no difficulty in the dapat diperpanjang pada saat jatuh tempo. extension of the landrights.
Perusahaan memiliki sebidang tanah yang terletak di The Company own a parcel of land located in Tuban, Tuban, Bali berupa SHGB No. 995 seluas 2.700 m2 atas Bali with SHGB No. 995 measures 2,700 sqm. SHGB will nama Perusahaan. HGB tersebut akan jatuh tempo be due on 2034 and the Company believes there will pada tahun 2034 dan menurut Perusahaan hak tersebut be no difficulty in the extension of the landrights. dapat diperpanjang pada saat jatuh tempo.
Pada tahun 2010, Perusahaan memperoleh tanah yang In 2010, the Company own a parcel of land located in terletak di Kuta, Bali dengan SHGB No. 990/Kuta Kuta, Bali with SHGB No. 990/Kuta measures 1,800 seluas 1.800 m2 atas nama Perusahaan. HGB tersebut sqm under Company name. SHGB will be due on 2040 akan jatuh tempo pada tahun 2040 dan menurut and the Company believes there will be no difficulty in Perusahaan hak tersebut dapat diperpanjang pada saat the extension of the landrights. jatuh tempo.
IPI, entitas anak memiliki beberapa bidang tanah IPI, a subsidiary owns several parcels of land measures seluas 6.480 m2 dan 45.982 m2 yang terletak di Kuta, 6,480 sqm and 45,982 sqm located in Kuta, Bali with Bali dengan HGB antara 25 tahun sampai 30 tahun. SHGB for the period of 25 years to 30 years Menurut manajemen IPI hak tersebut dapat Management of IPI believes there will be no difficulty diperpanjang pada saat jatuh tempo. in the renewal of the landrights.
EIS, entitas anak, memiliki beberapa bidang tanah EIS, a subsidiary, own several parcels of land seluas 18.668 m2 yang terletak di Sentul, Bogor, Jawa measures 18,668 sqm located in Sentul, Bogor, West Barat. Sampai dengan tanggal laporan auditor Java. As of the date of independent auditors’ report, independen, sebagian hak tanah masih dalam proses part of landrights are still in process transfer under balik nama menjadi atas nama EIS. EIS name.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/38 Exhibit E/38
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10 . PROPERTY AND EQUIPMENT (Continued)
RIN, entitas anak, memiliki beberapa bidang tanah RIN, a subsidiary, own several parcels of land located yang terletak di Kecamatan Teluk Tering, Batam, in Kecamatan Teluk Tering, Batam, Riau Island Kepulauan Riau dengan luas 5.638 m2, 1.361 m2, dan measures 5,638 sqm, 1,361 sqm, dan 2,222 sqm with 2.222 m2 dengan hak legal berupa SHGB yang berakhir legal rights SHGB will be due on 2018 and 2041. tahun 2018 dan 2041. Manajemen RIN berpendapat Management of RIN believes there will be no bahwa tidak terdapat masalah dengan perpanjangan difficulties in the extension of the landrights. hak atas tanah pada saat jatuh tempo.
KCU, entitas anak, memiliki 2 (dua) bidang tanah yang KCU, a subsidiary, owns 2 (two) parcels of land terletak di Manado Selatan, Sulawesi Utara seluas located in South Manado, North Sulawesi measures 2.144 m2 dengan hak legal SHGB, yang keduanya akan 2,144 sqm with legal rights SHGB, which both berakhir pada tahun 2038. certificate will expire on 2038.
AN, entitas anak, memiliki sebidang tanah seluas AN, a subdisidary, owns a parcel of land measures 47.142 m2 yang terletak di Tanjung Riau, Sekupang, 47,142 sqm located in Tanjung Riau, Sekuplang, Kota Kota Batam dengan hak legal berupa Hak Guna Batam with property use rights (SHGB) over period of Bangunan (SHGB) selama 30 tahun dan akan jatuh 30 years and will expire on year 2038 and a parcel of tempo pada tahun 2038 serta tanah seluas 20.999 m2 land measures 20,999 sqm which will expire on yang berakhir tanggal 29 Januari 2020. Manajemen AN 29 January 2020. Management of AN believes that berpendapat tidak terdapat masalah dengan hak atas there is no issues with the extension of legal rights tanah saat jatuh tempo karena seluruh tanah diperoleh due to the legally acquired of land and support by secara sah dan didukung dengan bukti kepemilikan sufficient evidence of ownership. yang memadai.
Aset tetap berupa kendaraan yang diperoleh dari utang Vehicles which are acquired through consumer pembiayaan konsumen digunakan sebagai jaminan atas financing loans were pledged as collateral on its loans utangnya (Catatan 18). (Note 18).
Pada tanggal 31 Desember 2017 dan 2016, tanah dan As of 31 December 2017 and 2016, land and buildings bangunan Perusahaan dan entitas anaknya digunakan of the Company and its subsidiaries are pledged as sebagai jaminan atas utang bank (Catatan 19). securities to bank loans (Note 19).
Entitas anak yang memiliki aset dalam penyelesaian Subsidiaries have construction in progress assets as of pada tanggal 31 Desember 2017 dan 2016 dengan 31 December 2017 and 2016 with details as follows: rincian sebagai berikut:
Perkiraan tahun penyelesaian/ Estimation Entitas/ Entity Proyek/ Project of completion 2 0 1 7 2 0 1 6 Entitas anak/ Subsidiaries
PT Anugerah Nusaraya Renovasi hotel di Batam/ Hotel renovation at Batam 2018 4.469.077.572 - PT Indonesian Paradise Island Pembangunan hotel di Kuta, Bali/ Hotel Hotel construction at Kuta, Bali 2019 20.280.587.714 6.807.678.772 PT Retzan Indonusa *) Pembangunan rumah susun hunian di Batam/ Apartment construction at Batam 2019 - 936.407.704 PT Eka Ilalang Suryadinamika Pembangunan hotel di Sentul/ Hotel construction at Sentul 2020 7.873.073.754 7.873.073.754 PT Karsa Citra Unggul Pembangunan di Manado/ Construction at Manado 2020 165.000.000 165.000.000
Jumlah/ Total 32.787.739.040 15.782.160.230
*) Reklasifikasi ke persediaan real estat (Catatan 7)/ Reclassified to real estate inventory (Note 7)
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/39 Exhibit E/39
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10 . PROPERTY AND EQUIPMENT (Continued)
Pada tanggal 31 Desember 2017, aset tetap As of 31 December 2017, the Company and its Perusahaan dan entitas anaknya telah diasuransikan subsidiaries’ property and equipment are covered by terhadap risiko kerugian atas kebakaran dan insurance against comprehensive and loss risks risiko lainnya yang diselenggarakan oleh PT Asuransi with PT Asuransi Adira Dinamika, PT Asuransi Central Adira Dinamika, PT Asuransi Central Asia, PT China Asia, PT China Taiping Insurance Indonesia, PT Taiping Insurance Indonesia, PT Asuransi Allianz Asuransi Allianz Utama Indonesia, PT Asuransi Sinar Utama Indonesia, PT Asuransi Sinar Mas, PT Asuransi Mas, PT Asuransi Asoka Mas, PT Chubb General Asoka Mas, PT Chubb General Insurance Insurance Indonesia, PT Asuransi Dayin Mitra, all are Indonesia, PT Asuransi Dayin Mitra, PT Asuransi third parties, for sum insured amounting to Bintang Tbk, seluruhnya pihak ketiga, dengan nilai Rp 1,975,102,571,655. pertanggungan sebesar Rp 1.975.102.571.655.
Manajemen berpendapat bahwa nilai pertanggungan Management believes that the insurance coverage is tersebut adalah cukup untuk menutupi kemungkinan adequate to cover possible losses on the insured kerugian atas aset yang diasuransikan. assets.
Sejak bulan April 2017, IPI melakukan pembangunan Since April 2017, IPI undertook a reconstruction of ulang bangunan hotel Harris Kuta. hotel Harris Kuta building.
Pada tahun 2016, aset tetap tanah dan bangunan di In 2016, property land and building of MGM and MPN MGM dan MPN direklasifikasi ke properti investasi. has been reclassified to investment property. The Reklasifikasi dilakukan sesuai dengan substansi reclassification have been done in accordance to the peruntukan tanah dan bangunan tersebut. substance of the land designation.
Biaya bunga pinjaman IPI, entitas anak, yang Borrowing cost IPI, a subsidiary, which capitalized into dikapitalisasi menjadi aset tetap dalam penyelesaian construction in progress – property and equipment in sepanjang 2017 sebesar Rp 1.001.373.139. 2017 amounted to Rp 1,001,373,139.
Manajemen Perusahaan dan entitas anaknya The Management of the Company and its subsidiaries berkeyakinan bahwa tidak terdapat kondisi atau believes that there were no conditions or event that peristiwa yang menimbulkan indikasi penurunan nilai indicate impairment in the carrying amount of its atas jumlah tercatat aset tetap, sehingga tidak property and equipment, and therefore an allowance diperlukan cadangan kerugian penurunan nilai untuk for impairment losses of property and equipment is aset tetap. not considered necessary.
Penyusutan yang dibebankan pada beban umum dan Depreciation charged to general and administration administrasi. expenses.
11. PROPERTI INVESTASI 1 1. INVESTMENT PROPERTIES
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/ 2 0 1 7 1 January Addition Deduction Reclassification 31 December 2 0 1 7
Biaya perolehan C o s t Tanah 202.677.638.328 - - - 202.677.638.328 Land Bangunan dan prasarana 223.598.243.007 10.954.234.880 - 409.961.613.920 644.514.091.807 Building and improvement Aset dalam pembangunan Construction in progress Bangunan 344.209.219.454 115.290.246.246 - ( 409.961.613.920) 49.537.851.780 Building
770.485.100.789 126.244.481.126 - - 896.729.581.915
Akumulasi penyusutan Accumulated depreciation Bangunan dan prasarana 120.755.482.878 13.487.362.876 - - 134.242.845.754 Building and improvement
Nilai buku 649.729.617.911 762.486.736.161 Carrying amount
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/40 Exhibit E/40
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
11. PROPERTI INVESTASI (Lanjutan) 1 1. INVESTMENT PROPERTIES (Continued)
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/ 2 0 1 6 1 January Addition Deduction Reclassification 31 December 2 0 1 6
Biaya perolehan C o s t Tanah - - - 202.677.638.328 202.677.638.328 Bangunan dan prasarana 221.443.808.221 2.154.434.786 - - 223.598.243.007 Building and improvement Aset dalam pembangunan Construction in progress Bangunan 6.574.424.000 230.862.817.618 - 106.771.977.836 344.209.219.454 Building
228.018.232.221 233.017.252.404 - 309.449.616.164 770.485.100.789
Akumulasi penyusutan Accumulated depreciation Bangunan dan prasarana 106.754.753.692 14.000.729.186 - - 120.755.482.878 Building and improvement
Nilai buku 121.263.478.529 649.729.617.911 Carrying amount
MT, entitas anak tidak langsung melalui DPP, entitas MT, indirect ownership through DPP, a subsidiary, anak, memiliki bangunan dalam rangka “Bangun, owns buildings under “Build, Operate and Transfer” Kelola dan Alih” yang terletak di Jakarta. arrangements which are located in Jakarta.
Hak kelola atas bangunan tersebut, Cikini Gold Center, Lease management rights on the building, Cikini Gold berakhir pada tanggal 9 Januari 2016. Sampai Center, expires on 9 January 2016. As of date of dengan tanggal laporan auditor independen, hak independent auditor report, the lease management kelola tersebut masih dalam proses perpanjangan. right are still in process. Management of MT believe Manajemen MT berkeyakinan bahwa hak tersebut those right can be extended. dapat diperpanjang.
MGM, entitas anak, memiliki sebidang tanah yang MGM, a subsidiary, owns a parcel of land consist of terdiri dari 10 (sepuluh) SHGB dengan luas 83.957 m2 10 (ten) SHGB with total area of 83,957 m2 and will yang akan jatuh tempo antara tahun 2021 sampai due between 2021 to 2043. dengan 2043.
Biaya bunga pinjaman MPN, entitas anak, yang Borrowing cost MPN, a subsidiary, which capitalized dikapitalisasi menjadi properti investasi sepanjang into investment property in 2017 amounted to 2017 sebesar Rp 34.592.626.188. Rp 34,592,626,188.
Beban penyusutan properti investasi sebesar Depreciation expense of investment properties Rp 13.487.362.876 dan Rp 14.000.729.186 masing- amounting to Rp 13,487,362,876 and masing pada tahun 2017 dan 2016 dibebankan pada Rp 14,000,729,186 in 2017 and 2016, respectively, beban pokok pendapatan. were charged to cost of revenues.
Nilai wajar properti investasi MPN, entitas anak, The fair values of investment properties MPN, sebesar Rp 709.589.000.000 pada tanggal 31 Desember a subsidiary, amounted to Rp 709,589,000,000 as of 2016, yang ditentukan berdasarkan penilaian yang 31 December 2016, which were determined by dilakukan oleh penilai independen KJPP Iskandar dan independent apprisers KJPP Iskandar dan rekan in rekan dalam laporannya tertanggal 28 Maret 2017 their reports dated 28 March 2017 (unaudited). (tidak diaudit).
Nilai wajar properti investasi MGM, entitas anak, The fair values of investment properties MGM, sebesar Rp 398.914.000.000 pada tanggal 9 Juli 2015, a subsidiary, amounted to Rp 398,914,000,000 as of yang ditentukan berdasarkan penilaian yang dilakukan 9 July 2015, which were determined by independent oleh penilai independen KJPP Ihot Dollar dan Raymond apprisers KJPP Ihot Dollar dan Raymond in their dalam laporannya tertanggal 6 November 2015 (tidak reports dated 6 November 2015 (unaudited). diaudit).
Nilai wajar properti investasi PKS, entitas anak KCU, The fair values of investment properties PKS, sebesar Rp 221.292.000.000 pada tanggal 21 Maret a subsidiary of KCU, amounted to Rp 221,292,000,000 2017, yang ditentukan berdasarkan penilaian yang as of 21 March 2017, which were determined by dilakukan oleh penilai independen KJPP Rengganis, independent apprisers KJPP Rengganis, Hamid dan Hamid dan rekan dalam laporannya tertanggal 16 Juni rekan in their reports dated 16 June 2017 2017 (tidak diaudit). (unaudited).
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/41 Exhibit E/41
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
11. PROPERTI INVESTASI (Lanjutan) 1 1. INVESTMENT PROPERTIES (Continued)
Entitas anak memiliki aset yang masih dalam Subsidiaries have construction in progress assets as of penyelesaian pada tanggal 31 Desember 2017 dan 2016 31 December 2017 and 2016 with details as follows: dengan rincian sebagai berikut:
Perkiraan tahun penyelesaian/ Estimation Entitas/ Entity Proyek/ Project of completion 2 0 1 7 2 0 1 6 Entitas anak/ subsidiaries PT Mitra Gemilang Mahacipta Pusat perbelanjaan di Balikpapan/ 2020 42.309.740.280 41.697.357.785 Shopping center at Balikpapan PT Saranausaha Jaya Peremajaan Pasar Pramuka/ Pasar Pramuka's renovation 2020 7.228.111.500 6.899.714.500 PT Mitra Perdana Nuansa Pusat perbelanjaan di Pasirkaliki, Bandung/ Shopping Center at Pasirkaliki, Bandung 2017 - 295.612.147.169
Jumlah/ Total 49.537.851.780 344.209.219.454
12. HAK SEWA JANGKA PANJANG 12. LONG-TERM LEASE
2 0 1 7 2 0 1 6
Resident rights apartment Hak huni apartemen fX Sudirman (ABL) 40.810.000.000 40.810.000.000 fX Sudirman (ABL) Hak atas tanah (KPU dan MPN) 26.811.342.668 26.811.342.668 Landrights (KPU and MPN) Sewa tanah jangka panjang (SBK) 3.144.444.415 3.144.444.415 Long-term lease land (SBK)
Jumlah 70.765.787.083 70.765.787.083 T o t a l Akumulasi amortisasi ( 11.206.644.806) ( 8.578.579.947) Accumulated amortization
Bersih 59.559.142.277 62.187.207.136 N e t
Sewa tanah jangka panjang Long-term land lease
SBK, entitas anak tidak langsung melalui KCU, memiliki SBK, indirect subsidiary of KCU, owns long-term land sewa tanah jangka panjang atas tanah seluas 2.443 m2 rental measures 2,443 sqm for period of 30 years untuk periode 30 tahun yang terletak di Sanur, Bali. located in Sanur, Bali. (Note 35c) (Catatan 35c)
Hak atas tanah Landrights
MPN, entitas anak, memperoleh hak pemanfaatan MPN, a subsidiary, obtained land use rights measures tanah seluas 30.000 m2 yang terletak di Kelurahan 30,000 sqm located in Kelurahan Kebun Jeruk, Kebun Jeruk, Kecamatan Andir, Bandung, Jawa Barat, Kecamatan Andir, Bandung, West Java which will yang akan jatuh tempo ada tahun 2037. expire on 2037.
KPU, entitas anak, memperoleh hak pemanfaatan KPU, a subsidiary, obtained land use rights measures tanah seluas 3.094 m2 yang terletak di Jalan AM 3,094 sqm located in Jalan AM Sangaji No. 10, Sangaji No. 10, Yogyakarta selama 30 tahun Yogyakarta for the period of 30 years based on berdasarkan perjanjian dengan Induk Koperasi TNI agreement with Induk Koperasi TNI Angkatan Udara Angkatan Udara (Inkopau-Pukadara) pada tanggal (Inkopau-Pukadara) on 9 September 2008 (Note 35c). 9 September 2008 (Catatan 35c). Perusahaan The Company have to pay compensation amounting membayar kompensasi sebesar Rp 816.816.000 yang Rp 816,816,000. Land use rights is amortized using its diamortisasi selama umur hak atas tanah. Jumlah beneficially period. Total amortization of rent beban amortisasi sewa selama tahun 2017 dan 2016 expenses during 2017 and 2016 are Rp 27,227,200. masing-masing adalah sebesar Rp 27.227.200.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/42 Exhibit E/42
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
12. HAK SEWA JANGKA PANJANG (Lanjutan) 12. LONG-TERM LEASE (Continued)
Hak huni Resident rights
ABL, entitas anak, memperoleh hak atas pengelolaan ABL, a subsidiary, obtained a rights to managed and dan penjualan apartemen fX Sudirman dari PT Aneka sell apartement fX Sudirman from PT Aneka Bina Bina Lestari (ABLI) yang mengikatkan diri melalui Lestari (ABLI) which have bonded with a Build Operate perjanjian Bangun Kelola Alih dengan Badan Pengelola Transfer Agreement with Badan Pengelola Bung Karno Gelora Bung Karno (BPGBK) untuk periode yang akan (BPGBK) for the period will expire on 11 June 2043. berakhir pada tanggal 11 Juni 2043.
13. UTANG USAHA – PIHAK KETIGA 13. TRADE PAYABLES – THIRD PARTIES
Berdasarkan pemasok By supplier
2 0 1 7 2 0 1 6
PT Jaya Sakti Mandiri Unggul 531.798.884 467.716.910 PT Jaya Sakti Mandiri Unggul CV Warna Agung 524.289.480 - CV Warna Agung PT Chemerlang Kenanga 485.885.450 693.919.205 PT Chemerlang Kenanga PT Artha Kencana 459.137.475 - PT Artha Kencana PT Tauzia International Management 410.662.200 29.121.910 PT Tauzia International Management PT Learning Resources 379.500.000 - PT Learning Resources PT Gunung Himun Peratama 359.683.500 - PT Gunung Himun Peratama fX Residence 315.471.023 166.142.656 fX Residence CV Rezeki Baru 303.941.172 537.773.659 CV Rezeki Baru PT Suryatama Mutu Kencana 246.404.840 89.200.400 PT Suryatama Mutu Kencana PT Sinar Jernih Sarana 244.090.000 224.840.000 PT Sinar Jernih Sarana Liqtro Sanur Bali 236.402.319 8.168.504 Liqtro Sanur Bali PT Woleco Amenities & Accessories 227.981.110 72.062.988 PT Woleco Amenities & Accessories UD Sinar Jaya 147.625.175 221.321.405 UD Sinar Jaya Dauh Bersaudara 127.439.000 255.420.000 Dauh Bersaudara PT Surya Barutama Mandiri 20.958.080 247.832.500 PT Surya Barutama Mandiri PT Securindo Packatama Indonesia - 842.685.280 PT Securindo Packatama Indonesia Lain-lain (di bawah Rp 200 juta) 10.602.468.859 10.706.590.817 Others (below Rp 200 million)
Jumlah 15.623.738.567 14.562.796.234 T o t a l
Berdasarkan umur By ages
2 0 1 7 2 0 1 6
Belum jatuh tempo 6.944.866.277 2.676.505.805 Not yet due 1 - 30 hari 6.785.033.479 10.522.423.080 1 - 30 days 31 - 60 hari 951.175.079 1.038.361.480 31 - 60 days Lebih dari 60 hari 942.663.732 325.505.869 Over 60 days
Jumlah 15.623.738.567 14.562.796.234 T o t a l
Tidak terdapat jaminan yang diberikan atas utang There are no collaterals given for trade payables. usaha.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/43 Exhibit E/43
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
14. UTANG NON-USAHA – PIHAK KETIGA 1 4. NON-TRADE PAYABLES – THIRD PARTIES
2 0 1 7 2 0 1 6
Unipac Holdings Limited 540.754.000.000 - Unipac Holdings Limited PT Adhitama Citra Selaras 4.600.000.000 1.000.000.000 PT Adhitama Citra Selaras Jasa pelayanan dan cadangan Service charges and pecah belah 3.414.167.459 4.285.630.746 loss breakage PT Daksa Utama Mandiri 1.000.000.500 5.403.047.027 PT Daksa Utama Mandiri Utang Kontraktor Contractor payables PT Waskita Karya (Persero) Tbk 339.941.359 1.281.828.501 PT Waskita Karya (Persero) Tbk PT Alre Udaya Jaya 200.191.074 200.191.074 PT Alre Udaya Jaya PT Mukti Adhi Perkasa - 1.296.036.760 PT Mukti Adhi Perkasa Lainnya 752.286.289 1.556.653.441 Others Lainnya 4.332.900.014 4.286.329.197 Others
Jumlah 555.393.486.695 19.309.716.746 T o t a l
Pada tanggal 14 Agustus 2017, Perusahaan melakukan As of 14 August 2017, the Company buy 155,188,500 pembelian 155.188.500 saham PT Plaza Indonesia shares of PT Plaza Indonesia Realty Tbk (PLIN) from Realty Tbk (PLIN) dari Unipac Holdings Ltd dengan Unipac Holdings Ltd amounted to Rp 620,754,000,000. harga Rp 620.754.000.000. Perusahaan telah The Company has paid Rp 80,000,000,000 and the rest membayar sebesar Rp 80.000.000.000 pada tahun 2017 Rp 540,754,000,000 use promissory note with maturity dan sisanya sebesar Rp 540.754.000.000 menggunakan date on 14 August 2018. surat sanggup yang akan jatuh tempo tanggal 14 Agustus 2018.
15. PERPAJAKAN 1 5. TAXATION
a. Pajak Dibayar di Muka a. Prepaid Taxes
2 0 1 7 2 0 1 6
Pajak penghasilan: Income taxes: Pasal 4 (2) 15.085.864.379 10.062.482.198 Article 4 (2) Pasal 21 55.746 20.713.226 Article 21 Pasal 23 2.072.222 - Article 23 Pasal 28a 1.357.438.125 - Article 28a Pajak Pertambahan Nilai 16.931.093.962 24.571.829.292 Value Added Tax
Jumlah 33.376.524.434 34.655.024.716 T o t a l
b. Utang Pajak b. Taxes Payables
2 0 1 7 2 0 1 6
Pajak penghasilan: Income taxes: Pasal 4 (2) 3.235.987.978 2.049.849.461 Article 4 (2) Pasal 15 - 12.000 Article 15 Pasal 21 1.280.995.325 589.918.954 Article 21 Pasal 23 922.438.536 333.711.606 Article 23 Pasal 26 1.454.398.765 92.110.538 Article 26 Pajak Pertambahan Nilai 1.863.373.305 2.379.897.632 Value Added Tax Pajak Pembangunan (PB 1) 2.592.266.148 3.559.150.915 Development Tax (PB 1)
Jumlah 11.349.460.057 9.004.651.106 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/44 Exhibit E/44
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
15. PERPAJAKAN (Lanjutan) 1 5. TAXATION (Continued)
c. Perhitungan Fiskal c. Fiscal Computation
Rekonsiliasi antara laba sebelum pajak pada A reconciliation between profit before income tax laporan laba rugi dan penghasilan komprehensif as shown in the consolidated statement of profit lain konsolidasian, dengan estimasi rugi fiskal or loss and other comprehensive income and Perusahaan adalah sebagai berikut: estimated fiscal loss of the Company is as follows:
2 0 1 7 2 0 1 6
Laba sebelum pajak Profit before tax per menurut laporan laba rugi dan consolidated statements of penghasilan komprehensif lain profit or loss and other konsolidasian 116.706.345.435 167.018.926.362 comprehensive income Profit before tax Laba entitas anak sebelum pajak ( 83.709.686.604) ( 12.283.152.244) of subsidiaries Bagian atas laba neto entitas Equity in net profit of asosiasi ( 99.130.529.048) ( 188.242.335.162) associates Penurunan nilai goodwill - 6.237.781 Impairment losses of goodwill Profit from sale of investment Laba penjualan investasi entitas anak - ( 1.575.589.003) in subsidiary Dividen dari entitas anak 278.030.257.140 7.620.000.000 Dividend from subsidiaries
Laba (rugi) sebelum pajak Profit (loss) before tax penghasilan Perusahaan 211.896.386.923 ( 27.455.912.266) of the Company
Beda temporer: Temporary differences: Imbalan pasca-kerja ( 119.473.607) ( 291.839.410) Employee benefit Penyusutan 144.701.843 66.423.666 Depreciation Sewa pembiayaan - 48.714.216 L e a s e
Beda tetap: Permanent differences: Pendapatan dividen bukan objek Untaxable dividend pajak ( 278.030.257.140) ( 7.620.000.000) income Jamuan dan sumbangan 202.505.010 57.978.571 Entertain and donation Pajak final 25.000.000 - Final tax Penghasilan bunga ( 1.903.113.981) ( 2.318.800.918) Interest income Beban bunga 3.121.079.557 - Interest expense Lain-lain 340.774.681 284.830.302 Others
Taksiran rugi fiskal - Estimated fiscal loss - tahun berjalan ( 64.322.396.714) ( 37.228.605.839) current year
Kompensasi kerugian fiskal tahun: Compensated fiscal loss for: 2 0 1 6 ( 37.228.605.839) - 2 0 1 6
Akumulasi rugi fiskal ( 101.551.002.553) ( 37.228.605.839) Accumulated fiscal loss
Pajak penghasilan dibayar di muka: Prepaid income taxes: - Pasal 23 1.357.438.125 - Article 23 -
Taksiran pajak lebih bayar Estimated income tax payable Pasal 28a 1.357.438.125 - Article 28a
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/45 Exhibit E/45
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
15. PERPAJAKAN (Lanjutan) 1 5. TAXATION (Continued)
c. Perhitungan Fiskal (Lanjutan) c. Fiscal Computation (Continued)
Manfaat Pajak Penghasilan Income Tax Benefit
2 0 1 7 2 0 1 6
Manfaat pajak penghasilan Income tax benefit Perusahaan The Company - Pajak kini - - Current tax - - Pajak tangguhan 16.079.999.337 5.468.047.450 Deferred tax - Entitas anak Subsidiaries - Pajak kini - - Current tax - - Pajak tangguhan 14.640.807.071 9.079.769.048 Deferred tax -
Jumlah 30.720.806.408 14.547.816.498 T o t a l
Pada tanggal penyelesaian laporan keuangan As of the date of the completion of the konsolidasian, Perusahaan belum menyampaikan consolidated financial statements, the Company Surat Pemberitahuan Tahunan (SPT) atas pajak has not yet submitted its 2017 corporate income penghasilan badan tahun 2017 kepada Kantor tax return to the Tax Office. The Company’s Pajak. Manajemen Perusahaan menyatakan bahwa management has declared that the Company’s SPT pajak penghasilan badan tahun 2017 akan 2017 corporate income tax will be reported based dilaporkan berdasarkan perhitungan pajak di atas. on the computation above.
d. Pajak Tangguhan d. Deferred Taxes
Pengaruh pajak tangguhan atas beda temporer The deferred tax arising from the significant yang signifikan antara laporan komersial dan fiskal temporary differences between commercial and untuk tahun yang berakhir pada tanggal-tanggal tax purposes for the years ended 31 December 31 Desember 2017 dan 2016, sebagai berikut: 2017 and 2016, are as follows:
Dikreditkan Dikreditkan ke (dibebankan) ke penghasilan laporan laba rugi/ komprehensif lain/ Credited Credited to other (charged) to comprehensive Aset pajak tangguhan 2 0 1 6 profit or loss income 2 0 1 7 Deferred tax assets
Perusahaan Company Imbalan pasca-kerja 822.943.946 ( 36.775.302) 573.728.991 1.359.897.635 Post-employment benefits Penyusutan ( 285.392.989) 36.175.461 - ( 249.217.528) Depreciation Rugi fiskal 9.307.151.460 16.080.599.178 - 25.387.750.638 Fiscal loss
9.844.702.417 16.079.999.337 573.728.991 26.498.430.745
Entitas anak Subsidiaries Imbalan pasca-kerja 3.794.174.986 ( 882.949.048) 389.371.880 3.300.597.818 Post-employment benefits Penyusutan ( 5.018.621.415) 6.640.941.504 - 1.622.320.089 Depreciation Rugi fiskal 15.812.685.684 8.882.814.615 - 24.695.500.299 Fiscal loss
14.588.239.255 14.640.807.071 389.371.880 29.618.418.206
Jumlah 24.432.941.672 30.720.806.408 963.100.871 56.116.848.951 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/46 Exhibit E/46
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
15. PERPAJAKAN (Lanjutan) 1 5. TAXATION (Continued)
d. Pajak Tangguhan (Lanjutan) d. Deferred Taxes (Continued)
Dikreditkan (dibebankan) ke Dikreditkan penghasilan (dibebankan) ke komprehensif lain/ laporan laba rugi/ Credited Credited (charged) to other (charged) to comprehensive Aset pajak tangguhan 2 0 1 5 profit or loss income 2 0 1 6 Deferred tax assets
Perusahaan Company Imbalan pasca-kerja 667.364.787 ( 72.959.852) 228.539.011 822.943.946 Post-employment benefits Penyusutan ( 301.998.906) 16.605.917 - ( 285.392.989) Depreciation Rugi fiskal 3.782.750.075 5.524.401.385 - 9.307.151.460 Fiscal loss
4.148.115.956 5.468.047.450 228.539.011 9.844.702.417
Entitas anak Subsidiaries Imbalan pasca-kerja 7.687.209.211 ( 3.733.879.268) ( 159.154.957) 3.794.174.986 Post-employment benefits Penyusutan ( 679.124.450) ( 4.339.496.965) - ( 5.018.621.415) Depreciation Rugi fiskal 3.411.707.433 12.400.978.251 - 15.812.685.684 Fiscal loss
10.419.792.194 4.327.602.018 ( 159.154.957) 14.588.239.255
Jumlah 14.567.908.150 9.795.649.468 69.384.054 24.432.941.672 T o t a l
Dikreditkan Dibebankan ke (dibebankan) ke penghasilan laporan laba rugi/ komprehensif lain/ Credited Charged to other (charged) to comprehensive Liabilitas pajak tangguhan 2 0 1 5 profit or loss income 2 0 1 6 Deferred tax liabilities
Entitas anak Subsidiaries Imbalan pasca-kerja 2.110.195.539 ( 2.110.195.539) - - Post-employment benefits Sewa pembiayaan 17.702.000 ( 17.702.000) - - Finance lease Penyusutan ( 9.443.761.874) 9.443.761.874 - - Depreciation Rugi fiskal 2.563.697.306 ( 2.563.697.306) - - Fiscal loss
Jumlah ( 4.752.167.029) 4.752.167.029 - - T o t a l
16. BEBAN AKRUAL 1 6. ACCRUALS
2 0 1 7 2 0 1 6
Pegawai 7.310.587.787 7.164.369.260 Employees Listrik, air dan bahan bakar 5.413.138.168 4.908.200.946 Electricity, water and fuel Penggantian utilitas 3.914.447.258 3.355.800.760 Utilities replacement Bunga pinjaman 2.970.111.105 - Loan interests Jasa profesional 2.031.174.125 3.141.878.475 Professional fees Penjualan dan pemasaran 1.141.179.756 1.830.729.392 Sales and marketing Perbaikan dan pemeliharaan 1.078.004.518 3.113.229.695 Repair and maintenance Beban sewa kelola 944.673.340 955.298.255 Lease management fees Lain-lain 7.823.729.101 5.653.460.134 Others
Jumlah 32.627.045.158 30.122.966.917 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/47 Exhibit E/47
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
17. UANG MUKA PELANGGAN DAN PENDAPATAN 17 . ADVANCE FROM CUSTOMER AND UNEARNED DITERIMA DI MUKA REVENUES
2 0 1 7 2 0 1 6
Sewa 181.400.715.687 132.200.601.812 Rent Uang muka penjualan apartemen 65.031.040.470 - Advance from sale of apartment Uang jaminan pelanggan 11.996.026.575 8.951.574.169 Deposit from customer Lain-lain 3.910.325.449 8.531.378.795 Others
Jumlah 262.338.108.181 149.683.554.776 T o t a l Dikurangi: bagian yang direalisasi dalam satu tahun ( 161.196.493.625) ( 15.499.574.169) Less: realizable within one year
Bagian jangka panjang 101.141.614.556 134.183.980.607 Long-term portion
18. UTANG PEMBIAYAAN KONSUMEN 18 . CONSUMER FINANCING LOANS
2 0 1 7 2 0 1 6
PT Mega Auto Finance 189.988.223 - PT Mega Auto Finance PT CIMB Auto Niaga Finance 74.620.084 152.935.765 PT CIMB Auto Niaga Finance PT Clipan Finance Indonesia 69.278.068 129.462.856 PT Clipan Finance Indonesia PT Oto Multiartha - 75.289.052 PT Oto Multiartha
Jumlah 333.886.375 357.687.673 T o t a l Dikurangi: bagian yang jatuh tempo dalam satu tahun ( 208.048.041) ( 190.205.420) Less: current maturities
Bagian jangka panjang 125.838.334 167.482.253 Long-term portion
Akun ini merupakan utang sewa pembiayaan atas This account represents consumer financing payables pembelian aset tetap berupa kendaraan, yang on the acquisition of vehicles, bearing effective dikenakan bunga efektif berkisar antara 12,20% sampai interest rates of ranging between 12.20% to 16.5% per dengan 16,5% per tahun dan memiliki jangka annum, with term of financing of 2 (two) - 4 (four) waktu rata-rata selama 2 (dua) - 4 (empat) tahun. years. The consumer financing payables were secured Pembiayaan tersebut dijaminkan dengan kendaraan by the financed vehicles. yang dibiayai.
19. UTANG BANK JANGKA PANJANG 19 . LONG-TERM BANK LOANS
Rincian pinjaman bank pada tanggal 31 Desember 2017 Detail of the outstanding bank loan as of 31 December dan 2016 adalah sebagai berikut: 2017 and 2016 are as follows:
2 0 1 7 2 0 1 6
Rupiah Rupiah PT Bank Negara Indonesia PT Bank Negara Indonesia (Persero) Tbk 584.475.668.092 496.437.873.891 (Persero) Tbk PT Bank China Construction Bank Indonesia Tbk 9.547.046.560 - PT Bank China Construction Bank Indonesia Tbk Dolar Amerika Serikat United States Dollar Credit Suisse AG, cabang Singapura 609.660.000.000 295.592.000.000 Credit Suisse AG, Singapore branch UBS AG, cabang Singapura 272.314.800.000 - UBS AG, Singapore branch
1.475.997.514.652 792.029.873.891 Biaya transaksi yang belum diamortisasi ( 3.115.836.835) ( 6.214.889.410) Unamortized cost of transaction
Jumlah (Saldo dipindahkan) 1.472.881.677.817 785.814.984.481 T o t a l (Balance carried forward)
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/48 Exhibit E/48
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
19. UTANG BANK JANGKA PANJANG (Lanjutan) 19 . LONG-TERM BANK LOANS (Continued)
2 0 1 7 2 0 1 6
Jumlah (Saldo pindahan) 1.472.881.677.817 785.814.984.481 T o t a l (Balance carried forward) Dikurangi: bagian yang jatuh tempo dalam satu tahun ( 8.105.020.000) ( 16.558.391.740) Less: current maturities
Bagian jangka panjang 1.464.776.657.817 769.256.592.741 Long-term portion
Perusahaan The Company
Pada tanggal 18 Oktober 2017, Perusahaan On 18 October 2017, the Company entered menandatangani Perjanjian Fasilitas Kredit Berjangka into Term Loan Facility Agremeent with UBS AG (UBS), (Term Loan) dengan UBS AG (UBS), cabang Singapura Singapore Branch with maximum facilities amounted dengan fasilitas maksimum sebesar USD 50.000.000. to USD 50,000,000. The facility is subject to an Fasilitas pinjaman dikenakan tingkat bunga LIBOR interest rate equal to LIBOR Rate plus an applicable ditambah marjin 4,5% per tahun. Jumlah fasilitas margin of 4.5% per annum. Total facility drawn down pinjaman yang telah dicairkan sampai dengan tanggal on 31 December 2017 amounted to USD 20,100,000. 31 Desember 2017 adalah sebesar USD 20.100.000. This loan is collateralized by investment of share in Pinjaman ini dijamin dengan saham PLIN (Catatan 9). PLIN (Note 9).
Pada tanggal 28 November 2016, Perusahaan On 28 November 2016, the Company entered menandatangani Perjanjian Fasilitas Kredit Berjangka into Term Loan Facility Agremeent with Credit Suisse (Term Loan) dengan Credit Suisse AG, Cabang AG, Singapore Branch, which was amended by Singapura, yang selanjutnya diubah melalui amendment of agreement dated 10 August 2017, with amandemen perjanjian tanggal 10 Agustus 2017, maximum facilities amounted to USD 50,000,000. The dengan fasilitas maksimum sebesar USD 50.000.000. facility is subject to an interest rate equal to LIBOR Fasilitas pinjaman dikenakan tingkat bunga LIBOR Rate plus an applicable margin of 5.5% per annum. ditambah marjin 5,5% per tahun. Jumlah fasilitas Total facility as of 31 December 2017 amounted to pinjaman yang telah dicairkan per tanggal USD 45,000,000. This loan is collateralized by 31 Desember 2017 adalah sebesar USD 45.000.000. investment of share in PLIN (Note 9). Pinjaman ini dijamin dengan saham PLIN (Catatan 9).
Entitas Anak Subsidiaries
a. PT Indonesian Paradise Island (IPI) a. PT Indonesian Paradise Island (IPI)
Pada tanggal 13 Desember 2010, IPI, entitas anak, On 13 December 2010, IPI, a subsidiary, obtained memperoleh fasilitas pinjaman Kredit Investasi (KI) Installment Credit Facility loan from PT Bank dari PT Bank Negara Indonesia (Persero) Tbk Negara Indonesia (Persero) Tbk with maximum dengan jumlah maksimum pinjaman sebesar credit of Rp 463,838,265,098 which intended for Rp 463.838.265.098 yang ditujukan untuk financing on construction of Sahid Kuta Lifestyle membiayai pembangunan Sahid Kuta Lifestyle Resort (Hotel Sheraton Kuta Bali and shopping Resort (Hotel Sheraton Kuta Bali dan Pusat center beachwalk) in Kuta, Bali. This facility bears perbelanjaan beachwalk) di Kuta, Bali. Pinjaman ini 12% interest rate per annum and will be due on dikenakan bunga 12% per tahun dan akan jatuh 12 June 2018 included grace period of 27 months. tempo pada tanggal 12 Juni 2018 termasuk masa tenggang selama 27 bulan.
Fasilitas kredit ini dijamin dengan tanah dan This credit facility is secured by land and building bangunan milik IPI, saham IPI milik Perusahaan, dan owned by IPI, shares on IPI owned by the Company, surat jaminan pembelian kembali aset yang Letter of Undertaking and Letter of Guarantee for dijaminkan, dan jaminan Perusahaan. IPI diwajibkan the buyback of assets secured for this facility. IPI memenuhi beberapa persyaratan sebagaimana shall complied with certain conditions as stated in tercantum dalam perjanjian. the loan agreements
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/49 Exhibit E/49
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
19. UTANG BANK JANGKA PANJANG (Lanjutan) 19 . LONG-TERM BANK LOANS (Continued)
Entitas Anak (Lanjutan) Subsidiaries (Continued)
a. PT Indonesian Paradise Island (IPI) (Lanjutan) a. PT Indonesian Paradise Island (IPI) (Continued)
Berdasarkan surat persetujuan atas perubahan Based on addendum letter of loan facility fasilitas kredit tanggal 31 Maret 2016, bunga dated 31 March 2016, interest rate on loan pinjaman direvisi menjadi 12,5% per tahun dan was revised to 12.5% per annum, and maturity of jatuh tempo fasilitas investasi kredit investasi pokok investment credit principal with total facility dengan jumlah maksimum fasilitas pinjaman Rp 443,674,651,285 was revised to 30 March 2026, sebesar Rp 443.674.651.285 direvisi menjadi tanggal while investment credit IDC with total facility 30 Maret 2026, sedangkan fasilitas kredit investasi Rp 21,817,184,926, is remain to be due on 12 June IDC dengan jumlah fasilitas maksimum pinjaman 2018. Rp 21.817.184.926, jatuh tempo tanggal 12 Juni 2018.
b. PT Mitra Perdana Nuansa (MPN) b. PT Mitra Perdana Nuansa (MPN)
Pada tanggal 9 Mei 2016, MPN menerima Fasilitas On 9 May 2016, MPN received the Investment Kredit Investasi (KI) dari PT Bank Negara Indonesia Credit Facility (KI) from PT Bank Negara Indonesia Tbk (BNI) berupa Pinjaman Installment dengan Tbk (BNI) form an Installment Loan with a maksimum pinjaman sebesar Rp 383.719.065.714 maximum loan of Rp 383,719,065,714 used for yang dipergunakan untuk pembangunan pusat financing the construction of the center Lifestyle perbelanjaan Lifestyle Mall “23Paskal” di Bandung. shopping Mall "23Paskal" in Bandung. This loan Pinjaman ini dikenakan bunga sebesar 12,50% per bears interest at 12.50% per annum and a maturity tahun dan jatuh tempo dalam waktu 120 bulan of 120 months from the date of signing the Credit sejak tanggal penandatanganan Perjanjian Kredit Agreement (PK) including a 24 month grace period. (PK) termasuk 24 bulan masa tenggang.
MPN juga menerima fasilitas pinjaman kredit dari MPN also obtained investment credit loan facility PT Bank Negara Indonesia Tbk (BNI) dengan from PT Bank Negara Indonesia Tbk (BNI) with a maksimum pinjaman sebesar Rp 31.210.041.182 maximum loan of Rp 31,210,041,182 which yang ditujukan untuk pembiayaan 70% biaya bunga intended for financing 70% of the principal fasilitas kredit Investasi Pokok selama masa investment Credit Facility Loan interest during konstruksi. Pinjaman ini dikenakan bunga sebesar construction phase. This loan bears interest at 12,50% per tahun, dengan jangka waktu pinjaman 12.50% per annum with loan terms for 7 (seven) 7 (tujuh) tahun atau jatuh tempo pada tahun 2023, years that will be due in 2023, included grace termasuk masa tenggang selama 24 bulan. period of 24 month.
Fasilitas kredit ini dijamin dengan 2 tanah dan The credit facility is secured by 2 plots of land and bangunan di kota Bandung milik MPN, serta dijamin a building in Bandung city owned by MPN, and dengan saham MPN yang dimiliki oleh para shares guaranteed by MPN owned by shareholders. pemegang saham.
c. PT Retzan Indonusa (RIN) c. PT Retzan Indonusa (RIN)
Pada tanggal 4 Agustus 2017, RIN, entitas anak, On 4 August 2017, RIN, a subsidiary, obtained an memperoleh fasilitas Kredit Investasi (KI) dari Investment Credit (KI) facility from PT Bank China PT Bank China Construction Bank Indonesia Tbk Construction Bank Indonesia Tbk (CCBI) amounting (CCBI) sebesar Rp 91.000.000.000 dengan tujuan to Rp 91,000,000,000 for the construction of untuk pembangunan Apartemen “One Residence” di Apartment “One Residence” in Batam. This facility Batam. Pinjaman dikenakan bunga sebesar 10,5 % bear interest rate each 10.5 % per annum, and will per tahun, dan akan jatuh tempo selama 72 bulan due within 72 months from 4 August 2017. sejak 4 Agustus 2017.
Fasilitas ini dijamin dengan 2 bidang tanah milik This facility is secured by two plots of land RIN dan bangunan yang berdiri di atas tanah belonging to RIN and the building that stands on tersebut yang berada di kota Batam. the land located in Batam.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/50 Exhibit E/50
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
19. UTANG BANK JANGKA PANJANG (Lanjutan) 19 . LONG-TERM BANK LOANS (Continued)
d. PT Anugerah Nusaraya (AN) d. PT Anugerah Nusaraya (AN)
Pada tanggal 15 September 2017, AN, entitas anak, On 15 September 2017, AN, a subsidiary, obtained memperoleh pinjaman dari CCBI berupa fasilitas investment credit facility from CCBI with maximum kredit investasi dengan jumlah fasilitas maksimum facility of Rp 33,000,000,000. This loan bears sebesar Rp 33.000.000.000. Pinjaman ini dikenakan annual interest rate 10.5% and will be due on bunga sebesar 10,5% per tahun dan akan jatuh 15 September 2026. tempo pada tanggal 15 September 2026.
Fasilitas ini dijaminkan dengan dua bidang tanah This facility is secured by two land with building Hak Guna Bangunan, yang keduanya terletak di rights which located in Batam owns by AN and the Kota Batam milik AN dan seluruh saham AN milik shares in AN owns by related shareholders. para pemegang saham.
Pada tanggal 31 Desember 2017 dan 2016, Manajemen As of 31 December 2017 and 2016, Management of the Perusahaan dan entitas anaknya berkeyakinan telah Company and its subsidiaries believes that they has memenuhi seluruh persyaratan yang dipersyaratkan complied with the covenants as stated in the Credit dalam Perjanjian Pinjaman. Perusahaan dan entitas Agreements. The Company and its subsidiaries did not anaknya tidak menerima pemberitahuan keadaan receipts any notices of event of default or other wanprestasi atau pelanggaran lainnya yang diterima breach from the borrowers. dari pemberi pinjaman.
20. MODAL SAHAM 20 . SHARE CAPITAL
Susunan pemegang saham Perusahaan pada tanggal The composition of the Company’s shareholders as of 31 Desember 2017 dan 2016 adalah sebagai berikut: 31 December 2017 and 2016 are as follows:
Jumlah saham ditempatkan dan disetor penuh/ Persentase Number of kepemilikan/ shares issued Percentage of Jumlah/ Nama pemegang saham and fully paid ownership T o t a l Name of shareholders
Standard Chartered Bank SG S/A Standard Chartered Bank SG S/A VP Bank A/C PT Grahatama Kreasibaru 4.136.971.279 37,00% 413.697.127.900 VP Bank A/C PT Grahatama Kreasibaru UBS AG Singapore S/A Anemone 2.473.154.873 22,12% 247.315.487.300 UBS AG Singapore S/A Anemone Standard Chartered Bank SG S/A Standard Chartered Bank SG S/A VP Bank A/C Star East Development 2.307.593.000 20,64% 230.759.300.000 VP Bank A/C Star East Development Elysium Investment Partner Ltd. 2.012.754.912 18,00% 201.275.491.200 Elysium Investment Partner Ltd. Patrick Santosa Rendradjaja Patrick Santosa Rendradjaja (Direktur) 5.000.000 0,04% 500.000.000 (Director) Diana Solaiman (Direktur) 3.750.000 0,03% 375.000.000 Diana Solaiman (Director) Karel Patipeilohy (Komisaris) 1.000.000 0,01% 100.000.000 Karel Patipeilohy (Commissioner) Masyarakat (kurang dari 5%) 241.747.668 2,16% 24.174.766.800 Public (less than 5%)
Jumlah 11.181.971.732 100,00% 1.118.197.173.200 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/51 Exhibit E/51
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
20. MODAL SAHAM (Lanjutan) 20 . SHARE CAPITAL (Continued)
Jumlah saham ditempatkan dan disetor penuh/ Persentase Number of kepemilikan/ shares issued Percentage of Jumlah/ Nama pemegang saham and fully paid ownership T o t a l Name of shareholders
PT Grahatama Kreasibaru 4.136.971.279 37,00% 413.697.127.900 PT Grahatama Kreasibaru UBS AG Singapore S/A Anemone 2.473.154.873 22,12% 247.315.487.300 UBS AG Singapore S/A Anemone UBS Switzerland AG UBS Switzerland AG Zurich - Star East Dev 2.307.593.000 20,64% 230.759.300.000 Zurich - Star East Dev Elysium Investment Partner Ltd. 2.012.754.912 18,00% 201.275.491.200 Elysium Investment Partner Ltd. Patrick Santosa Rendradjaja Patrick Santosa Rendradjaja (Direktur) 5.000.000 0,04% 500.000.000 (Director) Diana Solaiman (Direktur) 3.750.000 0,03% 375.000.000 Diana Solaiman (Director) Karel Patipeilohy (Komisaris) 1.000.000 0,01% 100.000.000 Karel Patipeilohy (Commissioner) Masyarakat (kurang dari 5%) 241.747.668 2,16% 24.174.766.800 Public (less than 5%)
Jumlah 11.181.971.732 100,00% 1.118.197.173.200 T o t a l
Berdasarkan akta No. 13 tanggal 10 Juni 2016, dari Based on notarial deed No. 13 dated 10 June 2016, of notaris Simon Yos Sudarso, S.H., M.L., notaris di Simon Yos Sudarso, S.H., M.L., public notary Jakarta, tentang Berita Acara Rapat Umum Pemegang in Jakarta, concerning an Minutes of Stockholders’ Saham Tahunan (RUPST), dimana Dewan Komisaris dan General Meeting wherein the Company’s Board of Direksi Perusahaan mengusulkan untuk membagikan Commissioners and Directors proposed to distribute dividen tunai kepada setiap pemegang saham cash dividend to each shareholders of the Company Perusahaan sebesar Rp 1,50 per saham. amounted to Rp 1.50 per share.
21. TAMBAHAN MODAL DISETOR 2 1. ADDITIONAL PAID-IN CAPITAL
2 0 1 7 2 0 1 6
Agio saham tanpa HMETD sebesar Additional paid-in capital 71,000,000 71.000.000 saham biasa dengan ordinary share through issue shares Nilai nominal Rp 100 per saham without pre-emptive rights with par dan harga pelaksanaan Rp 350 value of Rp 100 per share at offering per saham pada tahun 2012 17.750.000.000 17.750.000.000 price of Rp 350 per share in 2012 Agio saham tanpa HMETD sebesar Additional paid-in capital 37,000,000 37.000.000 saham biasa dengan ordinary share through issue shares Nilai nominal Rp 100 per saham without pre-emptive rights with par dan harga pelaksanaan Rp 380 value of Rp 100 per share at offering per saham pada tahun 2013 10.360.000.000 10.360.000.000 price of Rp 380 per share in 2013 Agio saham dengan HMETD sebesar Additional paid-in capital 40,000,000 40.000.000 saham biasa dengan ordinary share through issue shares Nilai nominal Rp 100 per saham with pre-emptive rights with par value dan harga pelaksanaan Rp 350 of Rp 100 per share at offering per saham pada tahun 2014 10.000.000.000 10.000.000.000 price of Rp 350 per share in 2014 Agio saham dengan HMETD sebesar Additional paid-in capital 8,623,168,132 8.623.168.132 saham biasa dengan ordinary share through issue shares Nilai nominal Rp 100 per saham with pre-emptive rights with par value dan harga pelaksanaan Rp 325 of Rp 100 per share at offering per saham pada tahun 2015 1.940.212.829.700 1.940.212.829.700 price of Rp 325 per share in 2015 Biaya emisi penerbitan saham Share issuance cost of Penawaran Umum Terbatas I ( 3.495.939.910) ( 3.495.939.910) Limited Public Offering I Selisih nilai transaksi restrukturisasi Difference in transaction value entitas sepengendali ( 9.143.104.856) ( 9.143.104.856) with entities under common control
Jumlah 1.965.683.784.934 1.965.683.784.934 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/52 Exhibit E/52
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
22. KEPENTINGAN NONPENGENDALI 2 2. NON-CONTROLLING INTEREST
Kepentingan nonpengendali atas aset bersih dan laba Non-controlling interests in net assets and in net (rugi) komprehensif entitas anak merupakan bagian comprehensive income (loss) of subsidiaries pemegang saham minoritas atas aset bersih entitas represents the share of minority shareholders in the anak yang tidak seluruh sahamnya dimiliki Perusahaan net assets of subsidiaries that are not wholly owned dan entitas anaknya. by the Company and its subsidiaries.
Kepentingan non-pengendali atas Kepentingan non-pengendali atas aset bersih/ laba (rugi) komprehensif/ Non-controlling interests in Non-controlling interests in net assets net comprehensive income (losses) 2 0 1 7 2 0 1 6 2 0 1 7 2 0 1 6
PT Indonesian Paradise Island 378.508.975.292 351.494.784.021 31.814.191.271 24.605.698.944 PT Mitra Gemilang Mahacipta 47.401.947.387 48.209.800.929 ( 807.853.542) ( 1.404.949.313) PT Mitra Perdana Nuansa 51.703.475.202 30.112.232.317 15.043.390.885 ( 1.692.363.620) PT Aneka Bina Laras dan entitas anaknya/ and its subsidiary 33.705.940.693 31.530.054.186 2.175.886.507 3.117.758.044 PT Anugerah Nusaraya 16.721.878.784 20.066.405.910 ( 3.344.527.126) ( 5.704.473.853) PT Eka Ilalang Suryadinamika 11.955.641.594 12.053.624.087 ( 97.982.493) 1.731.306 PT Saranausaha Jaya 5.657.716.727 5.557.049.727 100.667.000 35.491.803 PT Karsa Citra Unggul dan entitas anaknya/ and its subsidiaries 475.744.146 395.360.171 80.383.975 ( 234.046.650) PT Indonesia Gemilang Mahasentosa 23.016.016 5.000.000 ( 1.983.984) - PT Retzan Indonusa dan entitas anaknya/ and its subsidiary 13.066.046 15.463.312 ( 2.397.266) 2.482.263 PT Dinamika Putra Perkasa dan entitas anaknya/ and its subsidiary 9.077.325.196 8.025.484.756 1.051.840.440 ( 7.536.470.283)
Jumlah/ Total 555.244.727.083 507.465.259.416 46.011.615.667 11.190.858.641
23. LABA BERSIH PER SAHAM DASAR 2 3. NET EARNING PER SHARE
Pada tahun yang berakhir 31 Desember 2017 dan 2016, For the years ended 31 December 2017 and 2016, laba bersih yang digunakan untuk perhitungan per net profit used to calculate per share saham dasar masing-masing adalah Rp 100.777.813.683 Rp 100,777,813,683 and Rp 170,121,035,846, dan Rp 170.121.035.846. Jumlah rata-rata tertimbang respectively. Weighted average number of shares on saham pada 31 Desember 2017 dan 2016 masing- 31 December 2017 and 2016, respectively, are masing adalah sebanyak 11.181.971.732 saham. 11,181,971,732 shares.
24. PENDAPATAN BERSIH 2 4. NET REVENUES
2 0 1 7 2 0 1 6
H o t e l H o t e l K a m a r 217.115.321.340 246.008.665.489 R o o m Makanan dan minuman 77.590.734.955 84.867.762.536 Food and beverages Lainnya 8.673.510.414 10.419.770.920 Others
303.379.566.709 341.296.198.945
Pusat perbelanjaan 292.626.924.068 206.519.514.697 Shopping center
Jumlah (Saldo dipindahkan) 596.006.490.777 547.815.713.642 T o t a l (Balance carried forward)
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/53 Exhibit E/53
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
24. PENDAPATAN BERSIH (Lanjutan) 2 4. NET REVENUES (Continued)
2 0 1 7 2 0 1 6
Jumlah (Saldo pindahan) 596.006.490.777 547.815.713.642 T o t a l (Balance brought forward)
Dikurangi: Less: Potongan penjualan dan pengurangan harga ( 314.446.053) ( 323.703.761) Allowances and sales discount
Bersih 595.692.044.724 547.492.009.881 N e t
25. BEBAN POKOK PENDAPATAN 2 5. COST OF REVENUES
2 0 1 7 2 0 1 6
H o t e l H o t e l K a m a r 39.462.728.824 44.517.189.439 R o o m Makanan dan minuman 47.658.841.495 51.891.178.909 Food and beverages Lainnya 3.474.545.142 4.122.223.449 Others
90.596.115.461 100.530.591.797 Pusat perbelanjaan Shopping center Listrik, air dan gas 40.258.655.166 27.417.414.419 Electricity, water and gas Pemeliharaan dan keamanan 16.930.456.896 8.597.436.524 Maintenance dan security Penyusutan 13.487.362.876 14.000.729.186 Depreciation Parkir 8.993.655.072 4.756.175.087 Parking Lainnya 10.865.903.768 2.845.786.167 Others
90.536.033.778 57.617.541.383
Jumlah 181.132.149.239 158.148.133.180 T o t a l
26. BEBAN PENJUALAN DAN PEMASARAN 2 6. SELLING AND MARKETING EXPENSES
2 0 1 7 2 0 1 6
Iklan dan promosi 10.269.043.611 10.975.731.815 Advertising and promotion Gaji dan tunjangan 7.404.388.453 7.690.784.974 Salaries and allowances Jasa penjualan dan pemasaran 6.104.369.751 7.899.688.583 Sales and marketing fee Perjalanan dinas dan transportasi 1.587.973.769 1.907.461.948 Travel and transportation Jamuan dan sumbangan 612.731.328 755.411.395 Entertain and donation Jasa profesional 331.704.236 325.329.500 Professional fee S e w a 316.177.500 221.377.287 R e n t Telepon dan internet 142.962.405 150.240.712 Telephone and internet Lain-lain 2.605.293.407 795.711.357 Others
Jumlah 29.374.644.460 30.721.737.571 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/54 Exhibit E/54
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
27. BEBAN UMUM DAN ADMINISTRASI 2 7. GENERAL AND ADMINISTRATIVE EXPENSES
2 0 1 7 2 0 1 6
Gaji dan tunjangan 75.986.307.980 64.830.847.563 Salaries and allowances Penyusutan dan amortisasi 64.388.721.661 97.312.984.684 Depreciation and amortization Jasa manajemen 26.417.900.711 16.177.609.256 Management fees Telepon, listrik dan air 24.346.711.823 25.836.922.414 Telephone, electricity and water S e w a 13.668.195.027 13.542.379.998 R e n t Perbaikan dan pemeliharaan 12.060.663.724 16.718.363.702 Repair and maintenance Beban kantor 10.749.216.368 10.006.300.696 Office expenses Jasa profesional 7.524.329.424 14.725.889.125 Professional fess Asuransi 7.002.389.533 6.258.627.609 Insurances Imbalan pasca-kerja (Catatan 31) 5.574.945.896 3.159.033.736 Post-employment benefit (Note 31) Perjalanan dinas dan transportasi 4.103.225.168 2.897.053.245 Travel and transportation Pajak dan perijinan 3.962.141.134 5.277.977.768 Taxes and licenses Kebersihan dan keamanan 3.765.497.423 5.254.914.007 Cleaning and security Jamuan dan sumbangan 1.004.415.510 933.717.348 Entertain and donation Penghapusan piutang 183.014.171 - Bad debt expense Penyisihan kerugian penurunan Allowance of impairment nilai piutang - 274.787.924 losses on receivable Lain-lain 6.947.341.507 9.152.819.580 Others
Jumlah 267.685.017.060 292.360.228.655 T o t a l
28. PENGHASILAN KEUANGAN 28 . FINANCE INCOME
2 0 1 7 2 0 1 6
Bunga deposito berjangka 9.115.245.819 5.827.637.460 Interest from time deposit Bunga jasa giro 1.560.818.793 1.961.694.528 Interest from current account Lain-lain 8.976.654.166 36.758.000 Others
Jumlah 19.652.718.778 7.826.089.988 T o t a l
29. BEBAN KEUANGAN 29 . FINANCE COST
2 0 1 7 2 0 1 6
Bunga pinjaman 84.669.254.462 63.850.895.297 Interest on loans Provisi atas utang bank 5.992.830.761 3.809.470.803 Provision of bank loans Beban administrasi bank 548.446.514 409.678.044 Bank charges Lain-lain 2.709.000 - Others
Jumlah 91.213.240.737 68.070.044.144 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/55 Exhibit E/55
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
30. INFORMASI MENGENAI PIHAK-PIHAK BERELASI 30 . RELATED PARTIES INFORMATION
Sifat Hubungan dan Transaksi Dengan Pihak-Pihak Nature of Transactions and Relationship With Berelasi Related Parties
Pihak-pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/ No. Related parties Nature of relationship Nature of transactions
1. PT Mega Biru Selaras (MBS) Entitas anak PT Grahatama Kreasibaru (GKB), Piutang non-usaha dan utang non-usaha/ pemegang saham Perusahaan/ Subsidiary of Non-trade receivables and Non-trade payable PT Grahatama Kreasibaru (GKB), the Company's shareholder 2. Yayasan Bunga Kasih (YBK) Pemegang saham GKB/ Shareholders of GKB Piutang non-usaha/ Non-trade receivables 3. PT Java Paradise Island (JPI) Entitas asosiasi / Associates Piutang non-usaha/ Non-trade receivables 4. PT Pop Properti Indonesia (PPI) Entitas anak GKB / Subsidiary of GKB Piutang non-usaha, utang usaha dan utang non-usaha/ Non-trade receivable, trade payable and non-trade payable
Saldo dengan Pihak Berelasi Balance with Related Parties
Rincian saldo yang timbul dari transaksi dengan pihak The details of the balance of transactions with berelasi adalah sebagai berikut: related parties are as follows:
Piutang non-usaha Non-trade receivables
2 0 1 7 2 0 1 6
PT Mega Biru Selaras 552.517.689 500.000.000 PT Mega Biru Selaras PT Java Paradise Island 3.700.600 55.700.600 PT Java Paradise Island PT Pop Properti Indonesia 2.199.900 - PT Pop Properti Indonesia Yayasan Bunga Kasih - 3.360.998 Yayasan Bunga Kasih
Jumlah 558.418.189 559.061.598 T o t a l
Pada tanggal 31 Desember 2017 dan 2016, saldo As of 31 December 2017 and 2016, the outstanding piutang non-usaha timbul dari penggantian beban- non-trade receivables were arising from the beban operasional yang telah dibayarkan terlebih reimbursement of operational expenses that were dahulu oleh pihak berelasi dan/ atau sebaliknya. paid in advance by related parties/ vice versa.
Piutang tersebut bersifat on-demand dan tidak These receivables were provided on-demand basis and dikenakan bunga. non-interest bearing.
Utang usaha Trade payable
2 0 1 7 2 0 1 6
PT Pop Properti Indonesia 15.465.254.161 1.355.721.851 PT Pop Properti Indonesia
Utang non-usaha Non-trade payables
2 0 1 7 2 0 1 6
PT Mega Biru Selaras - 20.164.635 PT Mega Biru Selaras PT Pop Properti Indonesia - 8.788.276 PT Pop Properti Indonesia
Jumlah - 28.952.911 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/56 Exhibit E/56
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
30. INFORMASI MENGENAI PIHAK-PIHAK BERELASI 30 . RELATED PARTIES INFORMATION (Continued) (Lanjutan)
Kompensasi jangka pendek manajemen kunci Key management’s short-term compensation
Perusahaan dan entitas anaknya memberikan The Company and its subsidiaries provided kompensasi jangka pendek kepada Dewan compensation short-term benefits for the Boards Komisaris dan Direksi sebesar Rp 6.027.825.000 of Commissioners and Directors amounting to dan Rp 4.179.470.500 untuk tahun yang berakhir Rp 6,027,825,000 and Rp 4,179,470,500 for the years 31 Desember 2017 dan 2016. ended 31 December 2017 and 2016.
31. LIABILITAS IMBALAN PASCA-KERJA 3 1. POST-EMPLOYMENT BENEFITS LIABILITIES
Rincian liabilitas atas imbalan pasca-kerja karyawan The details of the liability for post-employment pada 31 Desember 2017 dan 2016 adalah sebagai benefits as of 31 December 2017 and 2016 are as berikut: follows:
2 0 1 7 2 0 1 6
Present value of defined Nilai kini liabilitas imbalan pasti 19.015.849.420 20.631.890.115 benefit obligation
Mutasi liabilitas imbalan pasca-kerja yang diakui di Movements in the liability for post-employment laporan posisi keuangan konsolidasian adalah sebagai benefits recognized in the consolidated statements of berikut: financial position are as follows:
2 0 1 7 2 0 1 6
Saldo awal 20.631.890.115 16.615.527.720 Beginning balance Beban tahun berjalan 5.574.945.896 3.159.033.736 Expenses during the year Pembayaran tahun berjalan ( 6.380.623.860) ( 70.076.603) Payment during the year Penghasilan komprehensif lain 1.897.251.228 938.834.174 Other comprehensive income Kelebihan pembayaran imbalan ( 2.707.613.959) - Excess of benefit paids Penyesuaian - ( 11.428.912) Adjustment
Saldo akhir 19.015.849.420 20.631.890.115 Ending balance
Beban imbalan pasca-kerja yang diakui dalam laporan Amounts recognized in the consolidated statements of laba rugi komprehensif konsolidasian adalah: comprehensive income in respect of the employee benefits expenses are as follows:
2 0 1 7 2 0 1 6
Biaya jasa kini 3.212.563.067 3.187.253.254 Current service costs Biaya bunga 1.210.667.701 1.164.543.750 Interest costs Biaya jasa lalu ( 326.109.609) ( 1.192.763.268) Past service costs Dampak kurtailmen ( 4.128.358.012) - Curtailment effect Kerugian aktuaria yang diakui 2.898.568.790 - Recognised actuarial loss Kerugian aktuaria yang belum diakui 2.707.613.959 - Unrecognised actuarial loss
Jumlah 5.574.945.896 3.159.033.736 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/57 Exhibit E/57
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
31. LIABILITAS IMBALAN PASCA-KERJA (Lanjutan) 3 1. POST-EMPLOYMENT BENEFITS LIABILITIES (Continued)
2 0 1 7 2 0 1 6
Tingkat diskonto 7,4% 8,0% Discount rate Tingkat kenaikan gaji 8,0% 8,0% Salary increment rate Tingkat kematian Indonesia–III (2011) Indonesia–III (2011) Mortality rate Usia pensiun normal 55 55 Normal retirement age
Sensitivitas liabilitas imbalan pasti terhadap asumsi The sensitivity of the defined benefit obligation to the utama adalah: changes in key assumptions:
Dampak terhadap liabilitas imbalan pasti/ I mpact to the defined benefit obligation Perubahan asumsi/ Kenaikan asumsi/ Penurunan asumsi/ Change in I ncrease in assumption D ecrease in assumption assumption
Tingkat diskonto 1% Tur un / Decreas e ( 1.927.091.899) Naik / Increas e 2.266.397.748 Discount rate Tingkat kenaikan gaji 1% Naik / Increas e 2.436.284.178 Tur un / Decreas e ( 2.099.191.389) Salary increment rate
Analisis sensitivitas yang disajikan di atas mungkin The sensitivity analysis presented above may not be tidak mewakili perubahan yang sebenarnya dalam representative of the actual change in the defined kewajiban imbalan pasti mengingat bahwa perubahan benefit obligation as it is unlikely that the change in asumsi terjadinya tidak terisolasi satu sama lain karena assumptions would occur in isolation of one another as beberapa asumsi tersebut mungkin berkorelasi. some of the assumptions may be correlated.
Perbandingan nilai kini liabilitas imbalan pasti yang Comparison of the present value of defined benefit timbul selama tahun berjalan dan selama 4 (empat) liabilities during the current year and over the last tahun adalah sebagai berikut: 4 (four) years was as follows:
2 0 1 7 2 0 1 6 2 0 1 5 2 0 1 4 2 0 1 3
Nilai kini liabilitas Present value of defined imbalan pasti 19.015.849.420 20.631.890.115 16.615.527.720 13.609.663.203 8.797.023.823 benefit obligation
32. KUASI-REORGANISASI 32. QUASI-REORGANIZATION
Perusahaan melakukan kuasi-reorganisasi dengan The Company conducted a quasi-reorganization using laporan posisi keuangan tanggal 31 Juli 2009, yang the statements of financial position dated 31 July disetujui oleh para pemegang saham Perusahaan 2009, which was approved by the shareholders of the melalui Rapat Umum Pemegang Saham Luar Biasa Company through an Extraordinary General Meeting of (RUPS-LB) yang diselenggarakan pada tanggal Shareholders (RUPS-LB) held on 29 January 2010. 29 Januari 2010.
Perusahaan berkeyakinan bahwa kuasi-reorganisasi The Company believes that the quasi-reorganization akan memberikan dampak positif dan prospek yang will give positive effects and good prospect to the baik terhadap Perusahaan di masa mendatang dengan Company moving forward with a fresh start memulai awal baru dengan laporan posisi keuangan statements of financial position and capital structures yang menunjukkan posisi keuangan dan struktur modal without being burdened by past deficit. yang lebih baik tanpa dibebani defisit masa lampau.
Pada tahun 2012, IPI, entitas anak, melakukan kuasi On 2012, IPI, a subsidiary, conducted a quasi reorganisasi dengan laporan posisi keuangan tanggal reorganization using the statements of financial 31 Desember 2011. position dated 31 December 2011.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/58 Exhibit E/58
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
33. INFORMASI SEGMEN 3 3. SEGMENT INFORMATION
Perusahaan dan entitas anaknya mengklasifikasikan The Company and its subsidiaries classified its aktivitas usahanya berdasarkan lokasi usaha, dimana business activity based on business location whereas untuk masing-masing lokasi mempunyai pendapatan each area has revenue from customer that can be dari pelanggan yang dapat diatribusikan secara attributed in term of making decision. There were langsung per lokasi usaha, dan masing-masing wilayah no significant transactions between segments. The mempunyai pengaruh dalam hal membuat keputusan. Company and its subsidiaries segment information’s Tidak ada transaksi antar segmen. Informasi segmen are as follows: Perusahaan dan entitas anaknya adalah sebagai berikut:
31 Desember 2017/ Segmen Geografis 31 December 2017 Geographical Segment Eliminasi/ Jumlah/ Bali Batam Jawa Kalimantan Elimination Total
Pendapatan 356.997.610.425 72.188.486.368 166.505.947.931 - - 595.692.044.724 Revenues
Hasil segment (Bruto) 252.716.469.777 43.854.858.422 117.988.567.286 - - 414.559.895.485 Segment results (Gross)
Beban penjualan Selling and marketing dan pemasaran ( 16.540.864.307) ( 5.331.394.292) ( 7.461.017.822) ( 41.368.039) - ( 29.374.644.460) expenses Beban umum dan General and administrasi ( 162.676.854.280) ( 52.188.376.692) ( 51.039.133.408) ( 1.780.652.680) - ( 267.685.017.060) administrative expenses Pendapatan keuangan 6.168.842.106 991.312.167 12.464.004.575 28.559.930 - 19.652.718.778 Finance income Beban keuangan ( 75.788.101.833) ( 94.204.283) ( 15.329.165.334) ( 1.769.287) - ( 91.213.240.737) Finance cost Bagian atas laba entitas Share in net profit of asosiasi, neto - - 99.130.529.048 - - 99.130.529.048 associates, net Beban pajak final ( 16.580.058.543) ( 31.515.720) ( 12.076.692.308) - - ( 28.688.266.571) Final tax expense Penghasilan operasi lainnya 5.377.826.934 1.034.488.746 8.324.387.281 - - 14.736.702.961 Other operating income Beban operasi lainnya ( 12.524.342.316) 391.963.488 ( 2.530.845.482) - 250.892.301 ( 14.412.332.009) Other operating expenses
Laba (rugi) sebelum pajak ( 19.847.082.462) ( 11.372.868.164) 149.470.633.836 ( 1.795.230.076) 250.892.301 116.706.345.435 Profit (loss) before tax Manfaat pajak 28.722.304.052 1.951.252.683 47.249.673 - - 30.720.806.408 Income tax benefit
Laba (rugi) tahun berjalan 8.875.221.590 ( 9.421.615.481) 149.517.883.509 ( 1.795.230.076) 250.892.301 147.427.151.843 Profit (loss) for the year
Informasi lainnya: Other information: Aset segmen 6.621.564.635.719 225.480.345.608 724.426.889.999 111.173.176.030 ( 1.014.723.570.712) 6.667.921.476.644 Segment assets Liabilitas segmen 2.020.765.786.690 175.254.468.656 484.291.929.503 638.031.733 ( 247.963.006.226) 2.432.987.210.356 Segment liabilities
Acquisitions of property and Perolehan aset tetap 25.614.569.799 5.703.378.086 11.894.156.323 - - 43.212.104.208 equipment
31 Desember 2016/ Segmen Geografis 31 December 2016 Geograph ical Segmen t Eliminasi/ Jumlah/ Bali Batam Jawa Kalimantan Elimination Total
Pendapatan 400.446.425.515 80.542.063.495 66.503.520.871 - - 547.492.009.881 Revenues
Hasil segment (Bruto) 294.552.351.902 49.507.681.780 45.283.843.019 - - 389.343.876.701 Segment results (Gross)
Beban penjualan Selling and marketing dan pemasaran ( 23.385.023.618) ( 4.424.827.766) ( 2.820.776.089) ( 91.110.098) - ( 30.721.737.571) expenses Beban umum dan General and administrasi ( 202.560.847.021) ( 45.323.399.423) ( 43.034.495.264) ( 1.441.486.947) - ( 292.360.228.655) administrative expenses Pendapatan keuangan 6.071.079.612 82.860.005 1.644.821.401 27.328.970 - 7.826.089.988 Finance income Beban keuangan ( 53.847.868.620) ( 9.990.974.768) ( 4.228.942.903) ( 2.257.853) - ( 68.070.044.144) Finance cost Bagian atas laba entitas Share in net profit of asosiasi, neto 188.242.335.162 - - - - 188.242.335.162 associates, net Beban pajak final ( 17.397.320.807) - ( 3.593.905.760) - - ( 20.991.226.567) Final tax expense Penghasilan operasi lainnya 8.628.716.027 4.567.447.134 2.975.844.033 100.000.000 ( 2.091.249.643) 14.180.757.551 Other operating income Beban operasi lainnya ( 11.640.934.906) ( 74.656.115) ( 7.277.393.409) ( 1.714.583.658) 276.671.985 ( 20.430.896.103) Other operating expenses
Laba (rugi) sebelum pajak 188.662.487.731 ( 5.655.869.153) ( 11.051.004.972) ( 3.122.109.586) ( 1.814.577.658) 167.018.926.362 Profit (loss) before tax Manfaat (beban) pajak penghasilan 17.568.841.202 ( 4.109.959.573) 1.088.934.869 - - 14.547.816.498 Income tax benefit (expense)
Laba (rugi) tahun berjalan 206.231.328.933 ( 9.765.828.726) ( 9.962.070.103) ( 3.122.109.586) ( 1.814.577.658) 181.566.742.860 Profit (loss) for th e year
Informasi lainnya: Other information: Aset segmen 5.400.254.158.639 169.294.559.849 496.777.592.671 112.754.589.154 ( 1.023.327.503.330) 5.155.753.396.983 Segment assets Liabilitas segmen 763.744.416.642 109.239.133.041 362.884.774.185 5.621.698.201 ( 174.682.874.894) 1.066.807.147.175 Segment liabilities
Acquisitions of property and Perolehan aset tetap 50.147.827.748 4.351.451.928 696.204.321 5.200.000 - 55.200.683.997 equipment
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/59 Exhibit E/59
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
33. INFORMASI SEGMEN (Lanjutan) 3 3. SEGMENT INFORMATION (Continued)
31 Desember 2017/ Segmen Bisnis 31 December 2017 Business Segment Pusat Perbelanjaan/ Perhotelan/ Shopping Apartemen/ Eliminasi/ Jumlah/ Hospitality center Apartment Elimination Total
Pendapatan 303.065.120.656 292.626.924.068 - - 595.692.044.724 Revenues
Hasil segment (Bruto) 212.469.005.195 202.090.890.290 - - 414.559.895.485 Segment results (Gross)
Beban penjualan Selling and marketing dan pemasaran ( 21.650.811.806) ( 6.430.421.868) ( 1.293.410.786) - ( 29.374.644.460) expenses Beban umum dan General and administrative administrasi ( 224.604.511.534) ( 42.693.011.911) ( 387.493.615) - ( 267.685.017.060) expenses Pendapatan keuangan 18.111.653.599 1.415.846.353 125.218.826 - 19.652.718.778 Finance income Beban keuangan ( 75.867.325.938) ( 15.331.231.921) ( 14.682.878) - ( 91.213.240.737) Finance cost Bagian atas laba entitas Share in net profit of asosiasi, neto 99.130.529.048 - - - 99.130.529.048 associates, net Beban pajak final ( 1.408.283.880) ( 27.263.635.531) ( 16.347.160) - ( 28.688.266.571) Final tax expense Penghasilan lain-lain 6.243.849.246 7.838.581.399 654.272.316 - 14.736.702.961 Other operating income Beban lain-lain ( 12.170.576.493) ( 1.990.850.087) ( 13.112) ( 250.892.317) ( 14.412.332.009) Other operating expenses Laba (rugi) sebelum pajak 253.527.437 117.636.166.724 ( 932.456.409) ( 250.892.317) 116.706.345.435 Profit (loss) before tax Manfaat pajak penghasilan 30.720.806.408 - - - 30.720.806.408 Income tax benefit
Laba (rugi) tahun berjalan 30.974.333.845 117.636.166.724 ( 932.456.409) ( 250.892.317) 147.427.151.843 Profit (loss) for the year
Informasi lainnya: Other information: Aset segmen 6.880.713.957.078 732.431.693.414 69.499.396.864 ( 1.014.723.570.712) 6.667.921.476.644 Segment assets Liabilitas segmen 1.929.201.519.858 681.316.843.451 70.431.853.273 ( 247.963.006.226) 2.432.987.210.356 Segment liabilities Acquisition of property and Perolehan aset tetap 43.174.325.569 37.778.639 - - 43.212.104.208 equipment
31 Desember 2016/ Segmen Bisnis 31 December 2016 Business Segment Pusat Perbelanjaan/ Perhotelan/ Shopping Apartemen/ Eliminasi/ Jumlah/ Hospitality center Apartment Elimination Total
Pendapatan 351.111.097.026 196.380.912.855 - - 547.492.009.881 Revenues
Hasil segment (Bruto) 244.248.480.488 145.095.396.213 - - 389.343.876.701 Segment results (Gross)
Beban penjualan Selling and marketing dan pemasaran ( 24.722.798.055) ( 4.694.326.025) - - ( 29.417.124.080) expenses Beban umum dan General and administrative administrasi ( 81.978.240.086) ( 30.561.684.831) - - ( 112.539.924.917) expenses Pendapatan keuangan 908.760.204 335.689.065 - - 1.244.449.269 Finance income Beban keuangan ( 9.598.249.835) ( 63.772.403) - - ( 9.662.022.238) Finance cost Bagian atas laba entitas Share in net profit of asosiasi, neto 188.242.335.162 - - - 188.242.335.162 associates, net Beban pajak final - ( 18.614.842.860) - - ( 18.614.842.860) Final tax expense Penghasilan lain-lain 2.192.868.075 2.849.599.984 - ( 2.091.249.643) 2.951.218.416 Other operating income Beban lain-lain ( 4.185.617.570) ( 5.559.979.467) - ( 276.671.985) ( 10.022.269.022) Other operating expenses Beban yang tidak Unallocated net dapat dialokasikan - - - - ( 234.506.770.069) operating expenses Laba sebelum pajak 315.107.538.383 88.786.079.676 - ( 2.367.921.628) 167.018.926.362 Profit before tax Manfaat pajak penghasilan 14.547.816.498 - - - 14.547.816.498 Income tax benefit
Laba tahun berjalan 329.655.354.881 88.786.079.676 - ( 2.367.921.628) 181.566.742.860 Profit for the year
Informasi lainnya: Other information: Aset segmen 5.658.562.561.546 520.518.338.767 - ( 1.023.327.503.330) 5.155.753.396.983 Segment assets Liabilitas segmen 1.069.438.422.657 172.051.599.412 - ( 174.682.874.894) 1.066.807.147.175 Segment liabilities Acquisition of property and Perolehan aset tetap 55.193.563.997 7.120.000 - - 55.200.683.997 equipment
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/60 Exhibit E/60
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
34. MANAJEMEN RISIKO KEUANGAN 3 4. FINANCIAL RISK MANAGEMENT
Mengingat bahwa penerapan praktik manajemen risiko Considering that good risk management practice yang baik dapat mendukung kinerja Perusahaan dan implementation could better support the performance entitas anaknya, maka manajemen risiko selalu of the Company and its subsidiaries, hence, the risk menjadi elemen pendukung penting bagi Perusahaan management would always be an important supporting dan entitas anaknya dalam menjalankan usahanya. element for the Company and its subsidiaries in Sasaran dan tujuan utama dari diterapkannya praktik running its business. The target and main purpose of manajemen risiko di Perusahaan dan entitas anaknya the implementation of risk management practices in adalah untuk menjaga dan melindungi Perusahaan dan the Company and its subsidiaries is to maintain and entitas anaknya melalui pengelolaan risiko kerugian protect the Company and its subsidiaries through yang mungkin timbul dari berbagai aktivitasnya serta managing the risk of losses, which might arise from its menjaga tingkat risiko agar sesuai dengan arahan yang various activities as well as maintaining risk level in sudah ditetapkan oleh manajemen Perusahaan dan order to match with the direction already established entitas anaknya. by the management of the Company and its subsidiaries.
Perusahaan dan entitas anaknya memiliki eksposur The Company and its subsidiaries has exposure to the terhadap risiko-risiko atas instrumen keuangan seperti: following risk from financial instruments, such as: risiko kredit, risiko tingkat bunga dan risiko likuiditas. credit risk, interest risk and liquidity risk.
a. Risiko Kredit a. Credit Risk
Perusahaan dan entitas anaknya memiliki risiko The Company and its subsidiaries is exposed to kredit yang terutama berasal dari simpanan di credit risk primarily from deposits with banks, bank, investasi lain-lain dan piutang lain-lain, other investment and other receivables. The Perusahaan dan entitas anaknya mengelola risiko Company and its subsidiaries manages credit risk kredit yang terkait dengan simpanan di bank exposed from its deposits with banks by dengan memonitor reputasi bank. monitoring bank’s reputation.
Pengungkapan kuantitatif eksposur risiko kredit di Quantitative disclosures of the credit risk dalam hubungannya dengan aset keuangan exposure in relation to financial assets are set out dijelaskan sebagai berikut. below.
2 0 1 7 2 0 1 6 Nilai tercatat/ Maksimum eksposur/ Nilai tercatat/ Maksimum eksposur/ Carrying value Maximum exposure Carrying value Maximum exposure
Aset Keuangan Financial Assets Kas dan setara kas 440.225.565.192 440.225.565.192 247.903.815.289 247.903.815.289 Cash and cash equivalents Aset keuangan lancar lainnya 3.762.328.832 3.762.328.832 4.229.728.832 4.229.728.832 Other current financial assets Piutang usaha - Trade receivables - Pihak ketiga 35.635.677.080 35.635.677.080 22.946.479.940 22.946.479.940 Third parties Piutang non-usaha 19.055.289.177 19.055.289.177 26.417.937.123 26.417.937.123 Non-trade receivables Aset tidak lancar lainnya 21.077.785.245 21.077.785.245 366.537.690 366.537.690 Other non-current assets
Jumlah 519.756.645.526 519.756.645.526 301.864.498.874 301.864.498.874 T o t a l
b. Risiko Tingkat Bunga b. Interest Risk
Risiko tingkat bunga yang dihadapi Perusahaan dan The Company and its subsidiaries interest rate entitas anaknya berasal dari utang bank dan utang arise from bank loans and consumer financing pembiayaan konsumen. loans.
Kebijakan manajemen dalam mengelola risiko Management’s policy to manage this risk by tingkat bunga ini dengan melakukan analisa analyzing interest rate’s movements and, if pergerakan suku bunga dan jika diperlukan needed, enters into interest rate swaps in specific melakukan transaksi interest rate swap. circumstances.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/61 Exhibit E/61
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
34. MANAJEMEN RISIKO KEUANGAN (Lanjutan) 3 4. FINANCIAL RISK MANAGEMENT (Continued)
c. Risiko Likuiditas c. Liquidity Risk
Manajemen telah membentuk kerangka kerja The management has established an appropriate manajemen risiko likuiditas untuk pengelolaan liquidity risk management framework for the dana jangka pendek, menengah dan jangka management of the Company and its subsidiaries’ panjang dan persyaratan manajemen likuiditas. short, medium and long-term funding and liquidity Perusahaan dan entitas anaknya mengelola risiko management requirements. The Company and its likuiditas dengan mempertahankan cadangan yang subsidiaries manages liquidity risk by maintaining memadai dan dengan terus memantau rencana dan adequate reserves and by continuously monitoring realisasi arus kas dengan cara pencocokkan profil forecast and actual cash flows, and by matching jatuh tempo aset dan liabilitas keuangan. the maturity profiles of financial assets and liabilities.
Tabel di bawah ini merupakan jadwal jatuh tempo The table below represents the maturity schedule liabilitas keuangan Perusahaan dan entitas anaknya of the Company and its subsidiaries financial berdasarkan pembayaran kontraktual yang tidak liabilities based on undiscounted contractual didiskontokan pada tanggal 31 Desember 2017 dan payments as of 31 December 2017 and 2016: 2016:
2 0 1 7 Kurang dari Lebih dari 1 tahun/ 1 - 2 tahun/ 3 tahun/ Jumlah/ Less than 1 year 1 - 2 years More than 3 years T o t a l
Utang usaha 31.088.992.728 - - 31.088.992.728 Trade payables Utang non-usaha 555.393.486.695 - - 555.393.486.695 Non-trade payables Beban akrual 32.627.045.158 - - 32.627.045.158 Accruals Uang jaminan penyewa - - 47.958.703.925 47.958.703.925 Tenant's deposit Utang bank 8.105.020.000 1.232.332.242.182 232.444.415.635 1.472.881.677.817 Bank loans Utang pembiayaan konsumen 208.048.041 125.838.334 - 333.886.375 Consumer financing loans
Jumlah 627.422.592.622 1.232.458.080.516 280.403.119.560 2.140.283.792.698 T o t a l
2 0 1 6 Kurang dari Lebih dari 1 tahun/ 1 - 2 tahun/ 3 tahun/ Jumlah/ Less than 1 year 1 - 2 years More than 3 years T o t a l
Utang usaha 15.918.518.085 - - 15.918.518.085 Trade payables Utang non-usaha 19.338.669.657 - - 19.338.669.657 Non-trade payables Beban akrual 30.122.966.917 - - 30.122.966.917 Accruals Uang jaminan penyewa - - 35.934.224.365 35.934.224.365 Tenant's deposit Utang bank 16.558.391.740 20.212.540.000 749.044.052.741 785.814.984.481 Bank loans Utang pembiayaan konsumen 190.205.420 167.482.253 - 357.687.673 Consumer financing loans
Jumlah 82.128.751.819 20.380.022.253 784.978.277.106 887.487.051.178 T o t a l
Estimasi Nilai Wajar Instrumen Keuangan Fair Value of Financial Instruments Estimation
Nilai wajar aset dan liabilitas keuangan diestimasi The fair value of financial assets and liabilities untuk keperluan pengakuan dan pengukuran atau must be estimated for recognition and untuk keperluan pengungkapan. measurement or for disclosure purpose.
PSAK 68 mensyaratkan pengungkapan atas PSAK 68 requires disclosures of fair value pengukuran nilai wajar dengan tingkat hirarki nilai measurements by level of the following fair value wajar sebagai berikut: measurement hierarchy:
Pengukuran nilai wajar Tingkat 1 yang Level 1 fair value measurements are those diperoleh dari harga kuotasian (tidak derived from quoted prices (unadjusted) in disesuaikan) dalam pasar aktif untuk aset dan active markets for identical assets or liabilitas yang identik; liabilities;
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/62 Exhibit E/62
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
34. MANAJEMEN RISIKO KEUANGAN (Lanjutan) 3 4. FINANCIAL RISK MANAGEMENT (Continued)
c. Risiko Likuiditas (Lanjutan) c. Liquidity Risk (Continued)
Estimasi Nilai Wajar Instrumen Keuangan Fair Value of Financial Instruments Estimation (Lanjutan) (Continued)
PSAK 68 mensyaratkan pengungkapan atas PSAK 68 requires disclosures of fair value pengukuran nilai wajar dengan tingkat hirarki nilai measurements by level of the following fair value wajar sebagai berikut: (Lanjutan) measurement hierarchy: (Continued)
Pengukuran nilai wajar Tingkat 2 yang Level 2 fair value measurements are those diperoleh dari input selain dari harga kuotasian derived from inputs other than quoted prices yang termasuk dalam Tingkat 1 yang dapat included within Level 1 that are observable for diobservasi untuk aset dan liabilitas, baik the asset or liability, either directly (i.e. as secara langsung (misalnya harga) atau secara prices) or indirectly (i.e. derived from prices); tidak langsung (misalnya derivasi harga); dan and
Pengukuran nilai wajar Tingkat 3 yang Level 3 fair value measurements are those diperoleh dari teknik penilaian yang derived from valuation techniques that memasukkan input untuk aset dan liabilitas include inputs for the asset or liability that yang bukan berdasarkan data pasar yang are not based on observable market data dapat diobservasi (input yang tidak dapat (unobservable inputs). diobservasi).
Nilai wajar aset dan liabilitas keuangan jangka The fair value of financial assets and liabilities pendek mendekati nilai tercatatnya, karena approximates their carrying amount, as the impact dampak dari diskonto tidak signifikan, adalah of discounting is not significant, are as follows: sebagai berikut:
2 0 1 7 2 0 1 6
A S E T A S S E T S Kas dan setara kas 440.225.565.192 247.903.815.289 Cash and cash equivalents Aset keuangan lancar lainnya 3.762.328.832 4.229.728.832 Other current financial assets Piutang usaha - Pihak ketiga 35.635.677.080 22.946.479.940 Trade receivable - Third parties Piutang non-usaha 19.055.289.177 26.417.937.123 Non-trade receivables Aset tidak lancar lainnya 21.077.785.245 366.537.690 Other non-current assets
Jumlah 519.756.645.526 301.864.498.874 T o t a l
LIABILITAS LIABILITIES Liabilitas yang dicatat sebesar nilai wajar atau biaya perolehan yang Liabilities carried at fair value or diamortisasi amortised cost Utang usaha - Pihak ketiga 15.623.738.567 14.562.796.234 Trade payables - Third parties Utang non-usaha - Pihak Ketiga 555.393.486.695 19.309.716.746 Non-trade payables - Third parties Utang pembiayaan konsumen 333.886.375 357.687.673 Consumer financing loans Uang jaminan penyewa 47.958.703.925 35.934.224.365 Tenant's deposit Beban akrual 32.627.045.158 30.122.966.917 Accruals Utang bank 1.472.881.677.817 785.814.984.481 Bank loans Jumlah 2.124.818.538.537 886.102.376.416 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/63 Exhibit E/63
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
34. MANAJEMEN RISIKO KEUANGAN (Lanjutan) 3 4. FINANCIAL RISK MANAGEMENT (Continued)
d. Risiko Permodalan d. Capital Risk
Dalam mengelola permodalannya, Perusahaan dan In managing capital, the Company and its entitas anaknya senantiasa mempertahankan subsidiaries safeguards its ability to continue as a kelangsungan usaha serta memaksimalkan manfaat going concern and to maximize benefits to the bagi pemegang saham dan pemangku kepentingan shareholders and other stakeholders. lainnya.
Perusahaan dan entitas anaknya secara aktif The Company and its subsidiaries actively and dan rutin menelaah dan mengelola permodalannya regularly reviews and manages its capital to ensure untuk memastikan struktur modal dan the optimal capital structure and return to the pengembalian yang optimal bagi pemegang saham, shareholders, taking into the consideration the dengan mempertimbangkan efisiensi penggunaan efficiency of capital use based on operating modal berdasarkan arus kas operasi dan belanja cash flows and capital expenditures and also modal, serta mempertimbangkan kebutuhan modal consideration of future capital needs. di masa yang akan datang.
Gearing ratio pada tanggal 31 Desember 2017 dan The gearing ratio as of 31 December 2017 and 2016 2016 adalah sebagai berikut: are as follows:
2 0 1 7 2 0 1 6
Pinjaman 1.473.215.564.192 786.172.672.154 Debts Kas dan setara kas dan aset Cash and cash equivalents and other keuangan lancar lainnya ( 443.987.894.024) ( 252.133.544.121) current financial assets
Pinjaman - bersih 1.029.227.670.168 534.039.128.033 Net debt Ekuitas 4.234.934.266.288 4.088.946.249.808 Equity
Rasio pinjaman - bersih terhadap modal 0,24 0,13 Net debt to equity
35. PERJANJIAN PENTING DAN KONTINJENSI 3 5. SIGNIFICANT AGREEMENTS AND CONTINGENCY
a. Perjanjian Lisensi Merek Dagang dan Usaha a. Tradename and Trademark License Agreement
Pada tanggal 1 Oktober 2002, Perusahaan On 1 October 2002, the Company entered into menandatangani perjanjian lisensi merek dagang Tradename and Trademark License Agreement dan merek usaha dengan Harris International with Harris International Hotels Corporation Hotels Corportation (HIHC), British Virgin Island, (HIHC), British Virgin Island, wherein HIHC agreed untuk penggunaan merek dagang dan logo HARRIS to grant a license to the Company to used the pada pengoperasian hotel yang berlokasi di Tuban, licensed marks of HARRIS on the operations of Bali, untuk periode 15 (lima belas) tahun yang hotel located in Tuban, Bali, for the period berakhir pada tanggal 31 Desember 2017 yang 15 (fifteen) years and will be terminated on dapat diperpanjang sesuai kesepakatan kedua 31 December 2017 which shall be extended upon pihak. Perusahaan berkewajiban membayar royalti agreed by both parties. The Company has agreed secara bulanan kepada HIHC. Sampai dengan to pay royalty fee in monthly to HIHC. As of the tanggal laporan auditor independen, perjanjian date of independent auditor’s report, the tersebut masih dalam proses perpanjangan. extension of the agreement is still in process.
Pada tanggal 28 April 2004, IPI, entitas anak, On 28 April 2004, IPI, a subsidiary, entered into menandatangani perjanjian lisensi merek dagang Tradename and Trademark License Agreement dan merek usaha dengan HIHC, British Virgin with HIHC, British Virgin Island, wherein HIHC Island, untuk penggunaan merek dagang dan logo agreed to grant a license to used the licensed HARRIS pada pengoperasian hotel yang berlokasi di marks of HARRIS on the operations of hotel located Kuta, Bali, untuk periode 5 (lima) tahun dan dapat in Kuta, Bali, for the period 5 (five) years and shall diperpanjang untuk 5 (lima) tahun selanjutnya be extended for next 5 (five) years upon agreed by sesuai kesepakatan kedua pihak. IPI berkewajiban the parties. IPI has agreed to pay monthly royalty membayar royalti kepada HIHC. fee in monthly.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/64 Exhibit E/64
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
35. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 35 . SIGNIFICANT AGREEMENTS AND CONTINGENCY (Continued)
a. Perjanjian Lisensi Merek Dagang dan Usaha a. Tradename and Trademark License Agreement (Lanjutan) (Continued)
Pada tahun 2014, IPI telah melakukan In 2014, IPI has extended this agreement for perpanjangan atas perjanjian ini untuk 5 (lima) another 5 (five) years and will be due on tahun yang akan berakhir pada 31 Desember 2019. 31 December 2019.
Pada tahun 2012, RIN, entitas anak, In 2012, RIN, a subsidiary, entered into Tradename menandatangani perjanjian lisensi merek dagang and Trademark License Agreement with HIHC, dan merek usaha dengan HIHC, British Virgin British Virgin Island, wherein HIHC agreed to grant Island, untuk penggunaan merek dagang dan logo a license to used the licensed marks of HARRIS on HARRIS pada hotel yang berlokasi di Batam Center, the operations of hotel located in Batam Center, Batam – Kepulauan Riau, untuk periode 15 (lima Batam – Riau Islands, for the period 15 (fifteen) belas) tahun dan dapat diperpanjang untuk 5 (lima) years and shall be extended for next 5 (five) years tahun selanjutnya sesuai kesepakatan kedua pihak. upon agreed by both parties. RIN has agreed to pay RIN berkewajiban membayar royalti secara royalty fees in monthly. bulanan.
Pada tanggal 20 Mei 2010, PS, entitas anak dari On 20 May 2010, PS, an indirect subsidiary through ABL, entitas anak, menandatangani perjanjian ABL, entered into Tradename and Trademark lisensi merek dagang dan merek usaha dengan License Agreement with HIHC, British Virgin Island, HIHC, British Virgin Island, untuk penggunaan wherein HIHC agreed to grant a license to used the merek dagang dan logo HARRIS pada pengoperasian licensed marks of HARRIS on the operations of hotel yang berlokasi di Sudirman, Jakarta, hotel located in Sudirman, Jakarta, for the period untuk periode 33 (tiga puluh tiga) tahun dan 33 (thirty three) years and will be end at 11 June berakhir pada tanggal 11 Juni 2043 dan dapat 2043 and shall be extended for next 5 (five) years diperpanjang untuk 5 (lima) tahun selanjutnya upon agreed by the parties. PS has agreed to pay sesuai kesepakatan kedua pihak. PS berkewajiban monthly royalty fees in monthly to HIHC. membayar royalti secara bulanan kepada HIHC.
Pada tanggal 1 Mei 2007, AN, entitas anak, On 1 May 2007, AN, a subsidiary, entered into melakukan perjanjian merek dagang dan lisensi Tradename and Trademark License Agreement (Tradename and Trademark License Agreement) with HIHC, British Virgin Island, wherein HIHC dengan HIHC, British Virgin Island, untuk agreed to grant a license to the Company to used penggunaan merek dagang dan logo HARRIS pada the Licensed marks of HARRIS on the operations of pengoperasian hotel di Batam yang berakhir hotel located in Waterfront Batam, will expire on tanggal 31 Mei 2017 dan dapat diperpanjang untuk 31 May 2017 and will be extended for next 5 (five) tiap periode 5 (lima) tahun. AN berkewajiban years. AN has agreed to pay monthly royalty fees. membayar royalti secara bulanan. Sampai dengan As of the date of independent auditor’s report, tanggal laporan auditor independen, perjanjian the extension of the agreement is still in process. tersebut masih dalam proses perpanjangan.
Pada tahun 2011, KPU, entitas anak KCU, In 2011, KPU, a subsidiary of KCU, entered into menandatangani perjanjian lisensi merek dagang Tradename and Trademark License Agreement dan merek usaha dengan HIHC, British Virgin with HIHC, British Virgin Island, where in HIHC Island, untuk penggunaan merek dagang dan logo agreed to grant a license to used the licensed POP! Pada hotel yang berlokasi di Yogyakarta, marks of POP! On the operations of hotel located untuk periode 15 (lima belas) tahun dan dapat in Yogyakarta, for the period 15 (fifteen) years diperpanjang untuk 5 (lima) tahun selanjutnya and shall be extended for the next 5 (five) years sesuai kesepakatan kedua pihak. KPU berkewajiban upon agreed by the parties. KPU has agreed to pay membayar royalti secara bulanan. monthly royalty fees.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/65 Exhibit E/65
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
35. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 35 . SIGNIFICANT AGREEMENTS AND CONTINGENCY (Continued)
a. Perjanjian Lisensi Merek Dagang dan Usaha a. Tradename and Trademark License Agreement (Lanjutan) (Continued)
Pada tanggal 31 Maret 2015, SBK, entitas anak On 31 March 2015, SBK, a subsidiary of KCU, KCU, menandatangani perjanjian lisensi merek entered into Tradename and Trademark License dagang dan merek usaha dengan Green Oak Agreement with Green Oak Investment Ltd, British Investment Ltd., British Virgin Island, sebagaimana Virgin Island, whereas has been amended on telah diamandemen pada tanggal 20 Oktober 2016, 20 October 2016, where in GOI agreed to grant a untuk penggunaan merek dagang dan logo license to used the licensed marks of Preference Preference pada hotel yang berlokasi di Sanur, on the operations of hotel located in Sanur, Bali, yang berlaku sampai dengan 31 Desember Bali, until 31 December at the 15th (fifteen) pada tahun ke 15 (lima belas) tahun sejak tanggal anniversary of opening dated and shall be pembukaan dan dapat diperpanjang untuk 5 (lima) extended for the next 5 (five) years upon agreed tahun selanjutnya sesuai kesepakatan kedua pihak. by the parties. SBK has agreed to pay monthly SBK berkewajiban membayar royalti secara royalty fees. bulanan.
b. Perjanjian Konsultan Manajemen b. Management Consulting Agreement
Pada tanggal 1 Oktober 2002, Perusahaan On 1 October 2002, the Company entered into menandatangani perjanjian manajemen dengan management agreement with PT Tauzia PT Tauzia International Management (Tauzia), International Management (Tauzia), wherein dimana Tauzia setuju untuk memberikan jasa Tauzia agreed to provide technical and konsultasi manajemen dan teknis untuk management consultancy services on the pengoperasian HARRIS Hotel Tuban-Bali, untuk operations of HARRIS Hotel Tuban, Bali, for the periode 15 (lima belas) tahun yang berakhir period 15 (fifteen) years and will be expired on pada tanggal 31 Desember 2017 yang dapat 31 December 2017 which shall be extended upon diperpanjang sesuai kesepakatan kedua pihak. agreed by the parties. The Company has agreed to Perusahaan berkewajiban membayar jasa pay monthly management fee. As of the date of manajemen secara bulanan kepada Tauzia. Sampai independent auditor’s report, the extension of the dengan tanggal laporan auditor independen, agreement is still in process. perjanjian tersebut masih dalam proses perpanjangan.
Pada tanggal 28 April 2004, IPI, entitas anak, On 28 April 2004, IPI, a subsidiary, entered menandatangani perjanjian manajemen dengan into management agreement with Tauzia, wherein Tauzia, dimana Tauzia setuju untuk memberikan Tauzia agreed to provide technical and jasa konsultasi manajemen dan teknis untuk management consultancy services on the pengoperasian hotel HARRIS Resort Kuta-Bali, operations of hotel HARRIS Resort Kuta-Bali, for untuk periode 5 (lima) tahun yang dapat the period 5 (five) years which shall be extended diperpanjang untuk 5 (lima) tahun berikutnya for 5 (five) years upon agreed by the parties. IPI sesuai kesepakatan kedua pihak. IPI berkewajiban has agreed to pay monthly management fee. In membayar jasa manajemen secara bulanan kepada 2014, IPI has extended this agreement for another Tauzia. Pada tahun 2014, IPI telah melakukan 5 (five) years and will be due on 31 December perpanjangan atas perjanjian ini untuk 5 (lima) 2019. tahun yang akan berakhir pada 31 Desember 2019.
Pada 23 Desember 2009, IPI, entitas anak, On 23 December 2009, IPI, a subsidiary, entered menandatangani perjanjian hotel operating into an operating services agreement with services agreement dengan Sheraton untuk Sheraton, to supervise, direct, and control the mengawasi, mengarahkan dan mengontrol operasi operations of the hotel Sheraton-Kuta Bali for hotel Sheraton-Kuta Bali selama 20 (dua puluh) 20 (twenty) years. IPI has agreed to pay monthly tahun. IPI berkewajiban membayar Operating Operating Services Fee based on the Gross Services Fee setiap bulan berdasarkan Gross Operating Profit (GOP). Operating Profit (GOP).
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/66 Exhibit E/66
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
35. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 35 . SIGNIFICANT AGREEMENTS AND CONTINGENCY (Continued)
b. Perjanjian Konsultan Manajemen (Lanjutan) b. Management Consulting Agreement (Continued)
Pada tahun 2010, PS, entitas anak ABL, entitas In 2010, PS, a subsidiary of ABL, a subsidiary, anak, menandatangani perjanjian manajemen entered into management agreement with dengan Tauzia, dimana Tauzia setuju untuk Tauzia, wherein Tauzia agreed to provide memberikan jasa konsultasi manajemen dan teknis technical and management consultancy services on untuk pengoperasian hotel HARRIS fX, untuk the operations of hotel HARRIS fX for the period periode 33 (tiga puluh tiga) tahun yang akan 33 (thirty three) years that ended on 11 June berakhir pada 11 Juni 2043. PS berkewajiban 2043. PS has agreed to pay monthly management membayar jasa manajemen secara bulanan. fee.
Pada tahun 3 April 2008, RIN, entitas anak, On 3 April 2008, RIN, a subsidiary, entered into menandatangani perjanjian manajemen dengan management agreement with Tauzia, wherein Tauzia, dimana Tauzia setuju untuk memberikan Tauzia agreed to provide technical and jasa konsultasi manajemen dan teknis untuk management consultancy services on the pengoperasian hotel HARRIS Batam Center, untuk operations of hotel HARRIS Batam Center, for the periode 15 (lima belas) tahun yang dapat period 15 (fifteen) years which shall be extended diperpanjang untuk 5 (lima) tahun berikutnya for 5 (five) years upon agreed by both parties. RIN sesuai kesepakatan kedua pihak. RIN berkewajiban has agreed to pay monthly management fee to membayar jasa manajemen secara bulanan kepada Tauzia. Tauzia.
Pada tanggal 3 Februari 2011, KPU, entitas anak On 3 February 2011, KPU, indirect subsidiary KCU, KCU, menandatangani perjanjian manajemen a subsidiary, entered into management agreement dengan Tauzia, dimana Tauzia setuju untuk with Tauzia, wherein Tauzia agreed to provide memberikan jasa konsultasi manajemen dan teknis technical and management consultancy services on untuk pengoperasian hotel POP! Hotel Sangaji the operations of POP! Hotel Sangaji Yogyakarta, Yogyakarta, untuk periode 15 (lima belas) tahun for the period 15 (fifteen) years and shall be yang dapat diperpanjang untuk 5 (lima) tahun extended for next 5 (five) years upon agreed by berikutnya sesuai kesepakatan kedua pihak. KPU both parties. KPU has agreed to pay management berkewajiban membayar royalti secara bulanan fee as stated in agreement. kepada Tauzia sesuai tertera dalam perjanjian.
Pada tahun 2007, AN menandatangani perjanjian On 2007, AN entered into a management konsultan manajemen (Hotel Management consultant dan operating technical service Consulting Agreeement) dan konsultan dengan agreement with Tauzia, to supervise on Tauzia untuk pemberian jasa konsultan management and technical for the operation of pengoperasian HARRIS Resort Waterfront Batam, HARRIS Resort Waterfront Batam, will expired on yang berakhir pada tanggal 31 Mei 2017 dan dapat 31 May 2017 and will be extended for the next diperpanjang untuk tiap periode 5 (lima) tahun. 5 (five) years. The Company has agreed to pay Atas jasa manajemen tersebut, Perusahaan monthly management fee. As of the date of membayar biaya konsultan berupa jasa independent auditor’s report, the extension of the manajemen. Sampai dengan tanggal laporan agreement is still in process. auditor independen, perjanjian tersebut masih dalam proses perpanjangan.
Berdasarkan perjanjian tanggal 30 Oktober 2013 Based on agreement dated 30 October 2013 antara PKS, entitas anak KCU, dan PT Pop Properti between PKS, subsidiary of KCU, and PT Pop Indonesia (PPI), pihak berelasi, PKS telah menunjuk Properti Indonesia (PPI), related party, PKS PPI sebagai pengelola pusat perbelanjaan, dimana appointed PPI for the management of shopping PKS memberikan wewenang kepada PPI untuk center, wherein PKS gives PPI the authority to melakukan pengelolaan pusat perbelanjaan. manage the shopping centre. This agreement is Perjanjian ini berjangka waktu 5 (lima) tahun valid for 5 (five) years from the date of the berlaku efektif saat pusat perbelanjaan sudah shopping centre operates and can be extended for beroperasi dan dapat diperpanjang untuk 3 (tiga) the next 3 (three) years. tahun berikutnya.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/67 Exhibit E/67
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
35. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 3 5. SIGNIFICANT AGREEMENTS AND CONTINGENCY (Continued)
b. Perjanjian Konsultan Manajemen (Lanjutan) b. Management Consulting Agreement (Continued)
Berdasarkan perjanjian tanggal 30 Januari 2014 Based on agreement dated 30 January 2014 antara IPI, entitas anak, dan PPI, pihak berelasi, IPI between IPI, a subsidiary, and PPI, related party, telah menunjuk PPI sebagai pengelola pusat IPI appointed PPI for the management of shopping perbelanjaan, dimana IPI memberikan wewenang center, wherein IPI gives PPI the authority to kepada PPI untuk melakukan pengelolaan pusat manage the shopping centre Beachwalk. This perbelanjaan Beachwalk. Perjanjian ini berjangka agreement is valid for 3 (three) years from waktu 3 (tiga) tahun berlaku efektif terhitung sejak 1 February 2014 and will be end until 31 January tanggal 1 Februari 2014 dan akan berakhir sampai 2017, and can be extended with a written dengan tanggal 31 Januari 2017, dan dapat agreement of the parties. On 1 February 2017, the diperpanjang dengan kesepakatan tertulis Para agreement has been extended for the next 10 Pihak. Pada tanggal 1 Februari 2017, perjanjian ini years up to 31 January 2027. diperpanjang untuk 10 tahun sampai dengan 31 Januari 2027.
Berdasarkan perjanjian tanggal 30 Oktober 2013 Based on agreement dated 30 October 2013 antara MPN, entitas anak, dan PPI, pihak berelasi, between MPN, a subsidiary, and PPI, related party, MPN telah menunjuk PPI sebagai Konsultan, dimana MPN appointed PPI as Consultant, wherein MPN MPN memberikan wewenang kepada PPI untuk gives PPI the authority to review the whole design melakukan review atas design rencana secara plan and rent area layout design for shopping keseluruhan dan design layout area sewa untuk centre, and manage the shopping centre. This pusat perbelanjaan, serta melakukan pengelolaan agreement is valid for 2 (two) years from the date pusat perbelanjaan. Perjanjian ini berjangka of the shopping centre operates and can be waktu 2 (dua) tahun berlaku efektif terhitung extended for the next 3 (three) years. sejak pusat perbelanjaan beroperasi dan dapat diperpanjang untuk 3 (tiga) tahun berikutnya.
Pada tanggal 31 Maret 2015, SBK menandatangani On 31 March 2015, SBK entered into a management perjanjian konsultan manajemen dan teknis consultant and operating technical service operasi dengan Tauzia untuk pemberian jasa agreement with Tauzia, to supervise on pengoperasian Hotel Maison Aurelia, Sanur, Bali, management and technical for the operation of yang telah diamandemen pada tanggal 20 Oktober Hotel Maison Aurelia, Sanur, Bali, whereas has 2016, yang berlaku sampai dengan 31 Desember been amended on 20 October 2016, until pada tahun ke 15 (lima belas) tahun sejak tanggal 31 December at the 15th (fifteen) anniversary of pembukaan dan dapat diperpanjang untuk 5 (lima) opening dated and shall be extended for the next tahun selanjutnya sesuai kesepakatan kedua pihak. 5 (five) years upon agreed by the parties. SBK has Atas jasa tersebut, SBK membayar biaya jasa agreed to pay management fee. manajemen.
c. Perjanjian Sewa Jangka Panjang c. Long-term Lease Agreement
Pada tanggal 16 Februari 2010, ABL, entitas anak, On 16 February 2010, ABL, a subsidiary, entered menandatangani perjanjian Pemindahan Hak Untuk into rental agreement with PT Aneka Bina Lestari Menghuni (Perjanjian Sewa) dengan PT Aneka Bina of residential rights of 14 (fourteen) units of Lestari atas hak untuk menghuni 14 (empat belas) fX Residence apartment located in Jalan Pintu Satu unit apartemen fX Residence yang berlokasi di Senayan, Jakarta, for the period of 33 (thirty Jalan Pintu Satu Senayan, Jakarta, untuk periode three) years and will be terminated on 11 June 33 (tiga puluh tiga) tahun yang akan berakhir pada 2043. ABL has to comply with the requirements tanggal 11 Juni 2043. Atas perjanjian ini, ABL harus listed in the agreement. memenuhi ketentuan yang tercantum dalam perjanjian.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/68 Exhibit E/68
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
35. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 35 . SIGNIFICANT AGREEMENTS AND CONTINGENCY (Continued)
c. Perjanjian Sewa Jangka Panjang (Lanjutan) c. Long-term Lease Agreement (Continued)
Pada tanggal 9 September 2008, KPU, entitas anak On 9 September 2008, KPU, indirect subsidiary KCU, mengadakan perjanjian kerjasama dengan through KCU, entered into joint operation Induk Koperasi TNI Angkatan Udara (Inkopau- agreement with Induk Koperasi TNI Angkatan Pukadara) untuk pemanfaatan aset tanah TNI AU Udara (Inkopau-Pukadara) regarding the use rights seluas 3.094 m2 yang terletak di Jalan AM Sangaji of land owned by TNI Airforce measures 3,094 sqm No. 10, Yogyakarta yang ditujukan untuk located in Jalan AM Sangaji No. 10, Yogyakarta. pembangunan hotel. Perjanjian ini berlaku untuk This agreement will be terminated after periode 30 (tiga puluh) tahun yang berakhir 30 (thirty) years on 9 September 2038. Value of 9 September 2038. Nilai hak pemanfaatan tanah the land use rights paid in advance amounting to tersebut adalah sebesar Rp 816.816.000 yang Rp 816,816,000. dibayarkan di muka.
Pada tanggal 30 November 2011, SBK, entitas anak On 30 November 2011, SBK, indirect subsidiary KCU, mengadakan perjanjian kerjasama dengan through KCU, entered into joint operation I Made Adi Astawa untuk pemanfaatan aset tanah agreement with I Made Adi Astawa regarding the seluas 2.443 m2 yang terletak di Kelurahan Sanur, use rights of land measures 2,443 sqm located in Bali yang ditujukan untuk pembangunan hotel. Kelurahan Sanur, Bali, which is intended for hotel Perjanjian ini berlaku untuk periode 30 (tiga puluh) development. This agreement will be expired after tahun yang berakhir pada 31 Agustus 2041. 30 (thirty) years on 31 August 2041.
MPN, entitas anak, melakukan perjanjian MPN, a subsidiary, entered into Utilization/Use Pemanfaatan/Penggunaan Bangunan dan/atau Property Rights on Building and/or land measured tanah seluas 8.000 m2 dan 22.000 m2 dengan 8,000 sqm and 22,000 sqm with PT Kereta Api PT Kereta Api (Persero) dan PT Citra Buana Prasida (Persero) and PT Citra Buana Prasida since sejak tahun 2006 dan 2010, dengan jangka waktu year 2006 and 2010, for the period will expire on perjanjian yang masing-masing akan berakhir 2038 and 2040, respectively. MPN has obtained antara 2038 dan 2040. MPN telah memperoleh Property Use Rights (SGHB) since 2010 on above Sertifikat Hak Guna Bangunan sejak tahun 2010 Utilization/Use Rights. atas hak penggunaan tersebut.
Pada tanggal 22 Juni 2015, MPN, entitas anak, On 22 June 2015, MPN, a subsidiary, entered into mengadakan perjanjian kerjasama bangun, operasi build operate transfer agreement (BOT) with dan penyerahan kembali dengan Yayasan Bina Yayasan Bina Nusantara (Binus) to construct Nusantara (Binus) untuk pembangunan bangunan di building as part of shopping centre at Bandung atas bagian dari pusat perbelanjaan di Bandung measures 10,000 sqm for education activities with dengan luas 10.000 m2 untuk peruntukan kegiatan rights to operate the building until 30 June 2027 pendidikan dengan pemberian hak pengoperasian and rights to lease after that period. Bangunan sampai tanggal 30 Juni 2027 dengan hak untuk menyewa setelah periode tersebut.
Pada tanggal 31 Juli 2017, MPN, entitas anak, On 31 July 2017, MPN, a subsidiary, signed a mengadakan perjanjian kerjasama bangun, operasi build operate transfer (BOT) agreement with dan penyerahan kembali dengan PT Prakasita PT Prakasita Agung Mandiri (Prakasita) to Agung Mandiri (Prakasita) untuk pembangunan construct "Yello" Hotel in the 4th floor until 9th “Yello” hotel di lantai 4 sampai dengan lantai 9 floor of "23 Paskal" Mall building, located in Mall 23Paskal, yang berlokasi di Bandung. Bandung. This agreement will be expire on 31 July Perjanjian ini akan berakhir pada tanggal 2027, which Prakasita will have rights to operates 31 Juli 2027, dimana sampai dengan tanggal the building until the expiration date and obliged tersebut Prakasita mempunyai hak pengoperasian to transfer it back to MPN on expiration date. dan pada tanggal tersebut berkewajiban untuk During the period of agreement, Prakasita will pay melakukan penyerahan kembali bangunan tersebut profit sharing that will calculated from gross kepada Perusahaan. Selama jangka waktu operating profit, which will be paid when the perjanjian, Prakasita akan membayar pembagian hotel commercially operated. keuntungan dari laba usaha kotor, yang akan dibayarkan saat hotel mulai beroperasi secara komersil.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/69 Exhibit E/69
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
36. ASET DAN LIABILITAS DALAM MATA UANG ASING 36 . ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
2 0 1 7 2 0 1 6 Mata uang Ekuivalen Mata uang Ekuivalen asing/ Rupiah/ asing/ Rupiah/ Foreign Equivalent Foreign Equivalent currencies in Rupiah currencies in Rupiah
A s e t Asset Kas dan setara kas Cash and cash equivalent U S D 7.668.547,83 103.893.486.005 2.133.605,78 28.667.127.302 U S D S G D 40.005,67 405.398.252 97.488,84 906.540.473 S G D M Y R - - 2,90 8.689 M Y R
Jumlah Aset 104.298.884.257 29.573.676.464 Total Assets
Liabilitas Liability Utang bank Bank loan U S D 65.100.000,00 881.974.800.000 22.000.000,00 295.592.000.000 U S D
Liabilitas Bersih ( 777.675.915.743) ( 266.018.323.536) Net Liability
Apabila nilai tukar pada tanggal 12 Maret 2018 (tanggal Had the above foreign exchange rates prevailing penyelesaian laporan keuangan) digunakan untuk on 12 March 2018 (the completion date of the financial menyajikan kembali aset dan liabilitas moneter statements) been used to restate the balances of the Perusahaan dan entitas anaknya dalam mata uang asing Company and its subsidiaries’ foreign currency pada tanggal 31 Desember 2017, liabilitas bersih dalam denominated monetary assets and liabilities as of mata uang asing di atas akan naik sebesar 31 December 2017, the above foreign currency Rp 12.621.236.338. denominated net liability would have increased by approximately Rp 12,621,236,338.
37. REKLASIFIKASI AKUN 37 . RECLASSIFICATION OF ACCOUNTS
Beberapa akun dalam laporan keuangan konsolidasian Certain accounts in the consolidated financial pada tanggal dan untuk tahun yang berakhir statement as of and for the year ended 31 December 31 Desember 2016 telah direklasifikasi untuk 2016 have been reclassified to conform with the penyesuaian dengan penyajian akun dalam laporan consolidated financial statement as of and for the keuangan konsolidasian pada tanggal dan untuk tahun year ended 31 December 2017. yang berakhir 31 Desember 2017.
31 Desember 2016/ 31 December 2016 Sebelum Setelah reklasifikasi/ reklasifikasi/ Before After reclassification reclassification
Utang non-usaha – Pihak ketiga 34.809.290.915 19.309.716.746 Non-trade payable – Third parties Pendapatan diterima di muka - 15.499.574.169 Unearned income
Dampak dari reklasifikasi akun tidak signifikan, oleh The impact of the reclassification of accounts is not karena itu, manajemen tidak menyajikan saldo significant, as such, the management did not present perbandingan pada tanggal 1 Januari 2016. the comparative balances as of 1 January 2016.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/70 Exhibit E/70
PT INDONESIAN PARADISE PROPERTY Tbk PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS TAHUN YANG BERAKHIR 31 DESEMBER 2017 THE YEAR ENDED 31 DECEMBER 2017 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
38. INFORMASI TAMBAHAN UNTUK ARUS KAS 38 . SUPPLEMENTARY INFORMATION FOR CASH FLOWS
2 0 1 7 2 0 1 6
Aktivitas yang tidak Activities not affecting mempengaruhi arus kas: cash flows:
Peningkatan investasi entitas Increase on investment in asosiasi melalui utang 540.754.000.000 - associates through payable Penambahan properti investasi melalui Increase in investment property through utang bank 105.196.555.941 - incurrence of bank loan Penambahan aset tetap melalui Increase in property and equipment through utang pembiayaan konsumen 209.698.531 176.900.000 incurrence of consumer financing loan