Annual Report Laporan Tahunan 2015 Optimizing Opportunities www.metropolitanland.com Daftar Isi Table of Contents SANGGAHAN & BATASAN Laporan tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, rencana, strategi, kebijakan, serta tujuan Perusahaan, yang digolongkan sebagai pernyataan ke depan dalam pelaksanaan Perundang-undangan yang berlaku, kecuali TANGGUNG JAWAB hal-hal yang bersifat historis. Pernyataan-pernyataan tersebut memiliki risiko dan ketidakpastian, serta dapat mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. Disclaimer Pernyataan-pernyataan prospekti dalam laporan tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi terkini dan kondisi mendatang Perusahaan serta lingkungan bisnis dimana Perusahaan menjalankan kegiatan usaha. Perusahaan tidak menjamin bahwa dokumen-dokumen yang telah dipastikan keabsahannya akan membawa hasil-hasil tertentu sesuai harapan. Laporan tahunan ini memuat kata “Perseroan” didefinisikan sebagai PT Metropolitan Land Tbk yang bergerak di bidang properti. Adakalanya kata “Kami” juga digunakan atas dasar kemudahan untuk menyebut PT Metropolitan Land Tbk secara umum. This annual report contains financial condition, operation results, projections, plans, strategies, policy, as well as the Company’s objectives, which is 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 document presented will bring specific results as expected. This annual report contains the word “Company” hereinafter referred to PT Metropolitan Land Tbk, as the company that runs business in the field of property. The word "We" is at times used to simply refer to PT Metropolitan Land Tbk in general. 04 1 Kilas Kinerja 2015 2015 Flashback Performance 8 Laporan Manajemen Management Report 22 Profil Perusahaan Company Profile 38 Tinjauan Pendukung Bisnis Overview Of Business Support 72 Analisis & Pembahasan Manajemen Management Discussion & Analysis 86 Tata Kelola Perusahaan Corporate Governance 110 Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 174 Referensi Isi Laporan Tahunan dengan Peraturan 187 Otoritas Jasa Keuangan (OJK) Annual Report Contents Reference to the Financial Services Authority Regulation 1 Daftar Isi Tabel of Contents 4 Tentang Laporan Tahunan #01 Annual Report at a Glance KILAS KINERJA 2015 6 OUR PATH ON PROGRESS 2015 FLASHBACK PERFORMANCE OUR PATH ON PROGRESS 10 Proyek Strategis 2015 2015 Strategic Projects 12 Ikhtisar Data Keuangan Penting Highlights on Significant Financial Data 17 Realisasi Penggunaan Dana IPO Use of Proceeds from IPO 17 Informasi Obligasi, Sukuk atau Obligasi Konversi Information on Bonds, Sharia Bonds or Convertible Bonds 18 Peristiwa Penting Tahun 2015 Event Highlights In 2015 21 Penghargaan Awards #04 LAPORAN#02 MANAJEMEN TINJAUAN PENDUKUNG BISNIS MANAGEMENT REPORT OVERVIEW OF BUSINESS SUPPORT 25 Laporan Dewan Komisaris 74 Sumber Daya Manusia Board of Commissioners Report Human Resources 31 Laporan Direksi 83 Teknologi Informasi 2 Board of Directors Report Information Technology #05 #03 ANALISIS & PEMBAHASAN MANAJEMEN PROFIL PERUSAHAAN MANAGEMENT DISCUSSION & ANALYSIS COMPANY PROFILE 88 Tinjauan Umum 40 Akses dan Data Informasi Perusahaan Global Overview Access and Data of the Company 90 Tinjauan Industri 42 Visi, dan Misi Perusahaan Industrial Overview Vision and Mission 91 Tinjauan Operasi per Segmen Usaha 44 Nilai dan Budaya Perusahaan Operational Overview per Business Segment Corporate Culture and Values 98 Tinjauan Keuangan 46 Jejak Langkah Financial Overview Company Milestones 101 Kemampuan Membayar Utang dan Kolektibilitas Piutang 48 Bidang Usaha Solvency and Receivables Collectability Rate Line of Business 102 Struktur Modal 53 Struktur Grup Perusahaan Capital Structure Company Group Structure 102 Kebijakan Manajemen atas Struktur Modal 54 Struktur Organisasi Management Policy on Capital Structure Organization Structure 103 Kebijakan Kepemilikan Saham oleh Manajemen dan Karyawan 56 Profil Dewan Komisaris Management and Employee Stock Option Plan Board of Commissioners Profile 103 Ikatan Material untuk Investasi Barang Modal 60 Profil Direksi Material Commitment for Capital Goods Investment Board of Directors Profile 103 Realisasi Investasi Barang Modal 63 Komposisi Pemegang Saham Realization of Capital Goods Investment Shareholder Composition 103 Realisasi Investasi Barang Modal 63 Kronologi Pencatatan Saham Realization of Capital Goods Investment Share-Listing Chronology 103 Realisasi dan Proyeksi 2016 63 Kronologi Pencatatan Efek Lainnya Realization and Projection for 2016 Other Securities Listing Chronology 103 Informasi dan Fakta Material yang Terjadi Setelah Tanggal 64 Struktur Kepemilikan Saham Laporan Akuntan Share Ownership Structure Material Information and Fact Subsequent to Balance Sheet 66 Informasi Lembaga Profesi Penunjang Pasar Modal/Perusahaan Date Information on Capital Market/Company Supporting 103 Prospek Usaha Perusahaan Professionals Business Outlook 67 Informasi Entitas Anak Perusahaan 104 Aspek Pemasaran Information on Subsidiaries Entities Marketing Aspect 70 Nama dan Alamat Kantor Pusat Anak Perusahaan dan Kantor 105 Kebijakan Dividen Cabang Dividend Policy Name And Address of Head Office, Subsidiaries, and Branch 106 Realisasi Penggunaan Dana Hasil Penawaran Umum Offices Use of Proceeds from Public Offering 106 Informasi Material Material Information 106 Benturan Kepentingan dan Transaksi dengan Pihak Afiliasi yang Bersifat Transaksi Material Conflict of Interest and Material Transaction with Affiliated Parties 106 Perubahan Peraturan yang Berpengaruh Signifikan Bagi Perusahaan Changes in Regulations that have Significant Impact on the Company 107 Kebijakan Akuntansi Accounting Policies PT Metropolitan Land Tbk • Laporan Tahunan 2015 #06 #07 TATA KELOLA PERUSAHAAN TANGGUNG JAWAB SOSIAL PERUSAHAAN CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 113 Dasar Hukum, Prinsip, dan Komitmen Kebijakan Penerapan Tata 177 Tanggung Jawab Sosial Bidang Ketenagakerjaan, Kesehatan Kelola Perusahaan yang Baik dan Keselamatan Kerja Legal Basis, Principles, and Commitment of Implementation of Social Responsibility in Manpower, Occupational Health and Good Corporate Governance Policy Safety Field 3 118 Struktur Tata Kelola Perusahaan 179 Tanggung Jawab Sosial Bidang Lingkungan Hidup Corporate Governance Structure Social Responsibility in Environmental Field 118 Rapat Umum Pemegang Saham (RUPS) 180 Tanggung Jawab Sosial Bidang Pengembangan Sosial dan General Meeting of Shareholders (GMS) Kemasyarakatan 121 Dewan Komisaris Responsibility In Social and Community Development Board of Commissioners 186 Tanggung Jawab Sosial Terhadap Pelanggan 124 Komisaris Independen Social Responsibility to the Customers Independent Commissioner 125 Direksi Board of Directors 187 REFERENSI ISI LAPORAN TAHUNAN DENGAN 131 Assessment Kinerja Dewan Komisaris dan Direksi PERATURAN Otoritas JASA KEUANGAN Assessment on the Performance of Board of Commissioners And Board of Directors (OJK) 133 Kebijakan Remunerasi Dewan Komisaris dan Direksi Annual Report Contents Reference to the Remuneration Policy of Board of Commissioners and Board of Directors Financial Services Authority Regulation 133 Rapat Dewan Komisaris dan Direksi Meetings of Board of Commissioners and Board of Directors 196 SURAT Pernyataan Anggota DEWAN 135 Informasi Pemegang Saham dan Pengendali Information on Controlling Shareholder KOMISARIS DAN DIREKSI Tentang 135 Hubungan Afiliasi Dewan Komisaris dan Direksi TANGGUNG JAWAB atas LAPORAN TAHUNAN Affiliations of The Board of Commissioners and Board of Directors 2015 PT Metropolitan LAND TBK 136 Keberagaman Komposisi Dewan Komisaris dan Direksi The Board of Commissioners’ and The Board Diversity in the Composition of Board of Commissioners and Board of Directors of Directors’ Statement of Responsibility for 136 Komite Audit the 2015 Annual Report of PT Metropolitan Audit Committee 139 Komite Nominasi dan Remunerasi Land Tbk Nomination and Remuneration Committee 143 Sekretaris Perusahaan 199 LAPORAN KEUANGAN Corporate Secretary 152 Hubungan Investor Financial Statement Investor Relations 154 Uraian Mengenai RUPS 2014 Description on the 2014 GMS 154 Audit Internal Internal Audit 158 Akuntan Publik Public Accountant 159 Manajemen Risiko Risk Management 166 Sistem Pengendalian Internal Internal Control System 170 Perkara Penting dan Informasi Sanksi Administratif 2015 Litigation and Information on Administrative Sanction in 2015 170 Pernyataan Kepatuhan Terhadap Pajak Statement of Tax Compliance 170 Pernyataan Bebas Pemberian Dana untuk Kegiatan Politik Statement of Freedom from Donations for Political Activities 171 Akses Informasi dan Data Perusahaan The Company’s Information and Data Access 173 Kode Etik Code of Conduct 173 Sistem Pelaporan Pelanggaran Whistleblowing System Annual Report 2015 • PT Metropolitan Land Tbk TENTANG LAPORAN TAHUNAN 4 Annual Report at a Glance Optimizing Opportunities PT Metropolitan Land Tbk • Laporan Tahunan 2015 5 Selamat datang pada Laporan