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30 YEARS and GROWING PT. Pakuwon Jati Tbk

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30 YEARS and GROWING PT. Pakuwon Jati Tbk ANNUAL REPORT 2012 LAPORAN TAHUNAN 30 YEARS AND GROWING 30 TAHUN DAN TERUS TUMBUH PT. Pakuwon Jati Tbk. DAFTAR ISI TABLE OF CONTENTS PENDAHULUAN TATA KELOLA PERUSAHAAN 01 INTRODUCTION 64 CORPORATE GOVERNANCE 01 Kata Pengantar / Foreword 66 Kerangka Tata Kelola Perusahaan / Corporate Governance Framework 02 Ikhtisar Saham / Stock Highlights 69 Struktur Pengelolaan / Governance Structure 04 Ikhtisar Keuangan / Financial Highlights 74 Dewan Komisaris / Board of Commissioners 06 Peristiwa Penting 2012 / 2012 Event Highlights 75 Direksi / Board of Directors 07 Awards / Penghargaan 78 Manajemen Risiko / Risk Management 08 Laporan Presiden Komisaris / Report from the President Commissioner 80 Kasus Litigasi dan Perkara Penting / Litigation Cases and Material Issues 14 Laporan Presiden Direktur / Report from the President Director SUMBER DAYA MANUSIA PROFIL PERUSAHAAN 81 HUMAN RESOURCES 22 COMPANY PROFILE 24 Visi dan Misi / Vision and Mission 26 Sejarah Perusahaan / Company Milestones TANGGUNG JAWAB SOSIAL 27 Struktur Organisasi / Organization Structure 85 PERUSAHAAN CORPORATE SOCIAL RESPONSIBILITY 28 Profil Dewan Komisaris / Profile of the Board of Commissioners 30 Profil Direksi / Profile of the Board of Directors 33 Profil Komite Audit / Profile of the Audit Committee PERNYATAAN DEWAN KOMISARIS 34 Struktur Perusahaan / Company Structure 88 DAN DIREKSI 35 Lembaga Profesional / Professional Firms ACKNOWLEDGEMENT BY 35 Informasi Kontak / Contact Information THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS ANALISIS DAN 36 PEMBAHASAN MANAJEMEN MANAGEMENT ANALYSIS AND DISCUSSION LAPORAN KEUANGAN 89 FINANCIAL REPORT 38 Tinjauan Keuangan / Financial Review 52 Tinjauan Operasional / Operational Review 30 Tahun dan Terus Tumbuh 30 Years and Growing Selama 30 tahun, Pakuwon Jati dengan For 30 long years, Pakuwon Jati has segala daya upaya meningkatkan painstakingly built its expertise as the keahliannya sebagai pengembang dan developer and operator of the first mixed-use pengelola kompleks superblok pertama superblock complex that integrates a modern di Indonesia yang terdiri dari pusat shopping mall, office towers, apartments, and perbelanjaan modern, gedung perkantoran, hotel in a single location. apartemen dan hotel secara terpadu dalam satu lokasi. Perjalanan yang panjang tersebut It was a journey of learning, trying, adapting, mengandung unsur pembelajaran, searching, finding, innovating, perservering, percobaan, pengupayaan, penyesuaian, at times failing, but more often succeeding - penelitian, penemuan, inovasi, perjuangan, with all of the ups and downs that unsually kadang kala juga kegagalan, namun lebih mark the journeys of every great corporations. sering keberhasilan - dengan segala pasang surut yang sering mewarnai perjalanan setiap perusahaan besar. Kalau pun diperlukan waktu selama tiga dasa But if it has taken three decades for Pakuwon warsa untuk Pakuwon Jati mencatat jejak Jati to establish a remarkable track record, it rekam yang luar biasa, kiranya dengan hanya seems that with virtually a single giant leap, satu lompatan besar, Pakuwon Jati berhasil Pakuwon Jati has secured a promising future memastikan masa depan yang menjanjikan for the Company and its stakeholders. In just bagi Perseroan dan para pemangku five short years, Pakuwon Jati has completed kepentingannya. Dalam waktu hanya the development of the Gandaria City and lima tahun, Pakuwon Jati menyelesaikan Kota Kasablanka superblocks in Jakarta, pembangunan superblok Gandaria City dan renovated and expanded the Tunjungan City Kota Kasablanka di Jakarta, merenovasi superblock in Surabaya, and is well ahead in dan mengembangkan superblok Tunjungan the on-going development of the Pakuwon City di Surabaya, dan terus melaju dalam City township, the groundbreaking self- pengembangan Pakuwon City township di contained residential township development. Surabaya, sebagai terobosan pengembangan wilayah pemukiman perkotaan. Aset-aset yang telah berhasil dibangun oleh These assets that Pakuwon Jati has developed Pakuwon Jati tersebut kini mendatangkan have provided the Company with substantial, arus pendapatan dalam jumlah yang besar growing revenue streams that have doubled dan terus tumbuh bagi Perseroan, dengan between 2011 and 2012 alone. And with tingkat pertumbuhan dua kali lipat antara more major project developments in the tahun 2011 dan 2012. Dengan masih adanya pipeline, it would seem that Pakuwon Jati will beberapa pengembangan proyek-proyek reap even more growth in the next 30 years. utama dalam pelaksanaan dan perencanaan, kiranya Pakuwon Jati akan meraih pertumbuhan yang lebih tinggi lagi dalam 30 tahun mendatang. Laporan Tahunan 2012 PT Pakuwon Jati Tbk 1 Ikhtisar Saham Stock Highlights Pergerakan Harga Saham PWON 2011-2012 / 2011-2012 PWON Share Price Movement Harga Penutupan Volume Perdagangan (Juta)/ Closing Price (Rp) Trading Volume (Million) 450 300.00 400 250.00 350 200.00 300 250 150.00 200 100.00 150 100 50.00 50 Jan Feb Mar Apr Mei Jun Jul Aug Sep Okt Nov Des Jan Feb Mar Apr Mei Jun Jul Aug Sep Okt Nov Des 2011 2012 Data Perdagangan Saham Shares Trading Data 2011 Triwulan I/ Triwulan II/ Triwulan III/ Triwulan IV/ Quarter I Quarter II Quarter III Quarter IV Jumlah Saham Beredar 10,033,250,500 10,033,250,500 10,033,250,500 12,039,900,600 Outstanding Shares Kapitalisasi Pasar 8,929,592,945,000 9,832,585,490,000 7,825,935,390,000 9,029,925,450,000 Market Capitalization Harga Tertinggi 233 275 248 253 Highest Price Harga Terendah 208 213 185 168 Lowest Price Harga Penutupan 223 245 195 188 Closing Price Volume Perdagangan 1,528,773,199 2,038,562,588 2,246,026,678 1,905,498,499 Trading Volume 2012 Triwulan I/ Triwulan II/ Triwulan III/ Triwulan IV/ Quarter I Quarter II Quarter III Quarter IV Jumlah Saham Beredar 48,159,602,400 48,159,602,400 48,159,602,400 48,159,602,400 Outstanding Shares Kapitalisasi Pasar 9,872,718,492,000 9,342,962,865,600 13,003,092,648,000 10,835,910,540,000 Market Capitalization Harga Tertinggi 263 210 275 305 Highest Price Harga Terendah 185 170 194 215 Lowest Price Harga Penutupan 205 194 270 225 Closing Price Volume Perdagangan 3,066,101,691 909,863,785 1,763,341,434 3,223,058,245 Trading Volume Harga saham dan volume perdagangan di tahun 2011 dan triwulan I di tahun 2012 telah disesuaikan dengan proporsi pemecahan nilai saham dengan rasio 1:4 yang terjadi pada tanggal 30 Maret 2012 The price of shares in the year 2011 and 1st quarter of 2012 have been adjusted to the proportion of the stock split ratio of 1:4 which occurred on 30 March 2012 Pemecahan Nilai Nominal Saham Stock Split Jumlah Saham Beredar Nilai Nominal Saham Tanggal Pelaksanaan Rasio Number of Shares Outstanding Par Value of Shares Date of Execution Ratio Sebelum Sesudah Sebelum Sesudah Before After Before After 30 March 2012 1:4 12,039,900,600 48,159,602,400 Rp 100 Rp 25 2 PT Pakuwon Jati Tbk 2012 Annual Report Pemegang Saham Shareholders Jumlah Modal Nama pemegang saham / Names of Jumlah saham / Number Persentase kepemilikan / Disetor(Rp’000) / stockholders of Shares Percentage of Ownership Total Paid-up Capital Stock (Rp’000) Burgami Investments Limited 10,063,591,200 20.90% 251,589,780 PT Pakuwon Arthaniaga 8,067,864,000 16.75% 201,696,600 BSL Investment Inc. 3,741,599,600 7.77% 93,539,990 Concord Media Investment Ltd 3,556,800,000 7.39% 88,920,000 Raylight Investment Limited 3,441,204,000 7.15% 86,030,100 Modern Dragon Ltd 2,301,240,000 4.78% 57,531,000 Sino Connect Investment Limited 2,059,200,000 4.28% 51,480,000 PT Pakuwon Trijaya 658,632,000 1.37% 16,465,800 Alexander Tedja 7,488,000 0.02% 187,200 Irene Tedja 3,823,000 0.01% 95,575 Richard Adisastra 131,040 0.00% 3,276 Masyarakat/ Public 14,258,029,560 29.61% 356,450,739 Jumlah 48,159,602,400 100.00% 1,203,990,060 Sejarah Permodalan History of Capital Jumlah Saham / Tanggal / Date Deskripsi / Description Saham / Shares Total Shares 09/10/1989 Penawaran saham perdana / Initial Public Offering 3,000,000 3,000,000 09/10/1989 Pencatatan saham di Bursa Efek Jakarta dan Surabaya / Share 17,000,000 20,000,000 listing at Jakarta and Surabaya Stock Exchange 01/10/1991 Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih 50,000,000 70,000,000 Dahulu / Limited public offering with preemptive rights 24/12/1992 Pembagian saham bonus / Distribution of bonus share 35,000,000 105,000,000 18/07/1994 Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih 105,000,000 210,000,000 Dahulu / Limited public offering with preemptive rights 29/01/1996 Pemecahan saham (1:2) / Stock split (1:2) 210,000,000 420,000,000 21/03/2006 Konversi obligasi / Conversion of Bonds 22,705,000 442,705,000 27/03/2006 Konversi obligasi / Conversion of Bonds 224,295,000 667,000,000 08/08/2006 Konversi obligasi / Conversion of Bonds 876,577,000 1,543,577,000 19/09/2007 Pemecahan saham (1:5) / Stock split (1:5) 6,174,308,000 7,717,885,000 03/07/2008 Pembagian saham bonus / Distribution of bonus share 2,315,365,500 10,033,250,500 15/12/2011 Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih 2,006,650,100 12,039,900,600 Dahulu / Limited public offering with preemptive rights 30/03/2012 Pemecahan saham (1:4) / Stock split (1:4) 36,119,701,800 48,159,602,400 Laporan Tahunan 2012 PT Pakuwon Jati Tbk 3 Ikhtisar Keuangan Financial Highlights Laporan Laba Rugi 2008* 2009* 2010* 2011* 2012 Profit and Loss Account Pendapatan bersih 454 697 1,228 1,478 2,165 Net revenues Laba bruto 227 263 560 735 1,234 Gross profit Laba bersih tahun berjalan (6) 156 317 379 766 Net Income for the year Laba bersih yang dapat Net income for the year diatribusikan
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