tentang laporan tahunan -...
TRANSCRIPT
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Laporan Tahunan 2016 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
2016 adalah meningkatkan keterbukaan
informasi Perseroan yang ditunjukkan
dalam lingkup eksternal dan internal serta
pembelajaran dalam lingkup organisasi
Perseroan sendiri. Selain itu, Laporan
Tahunan ini juga memberikan gambaran
kinerja serta pengelolaan Perseroan selama
1 (satu) tahun beroperasi di tahun 2016
serta perbandingannya dengan tahun 2015.
Melalui terbitnya laporan ini, diharapkan
seluruh Pemangku Kepentingan memperoleh
informasi yang memadai terkait kebijakan
serta pencapaian Perseroan selama tahun
2016.
The 2016 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 issuers or
Public Companies, Circular Letter of Financial
Services Authority No. 30/SEOJK.04/2016
on the Form and Contents of Annual Report
of issuers or Public Companies, 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 2016 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 and as a
knowledge source in its own organization.
In addition, this Annual Report provides an
overview on the Company’s performance and
management during its operations in 2016
and its comparison with that of 2015. With
the publication of this report, it is expected
that all Stakeholders can acquire adequate
information about the Company’s policy and
achievements in 2016.
TentangLaporanTahunanAbout the Annual Report
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Sanggahan dan Batasan Tanggung Jawab
Laporan Tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, proyeksi, rencana, strategi, kebijakan serta tujuan
Perusahaan, 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.
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 “Corporate” is at times used to simply refer to PT
Indonesian Paradise Property Tbk in general.
Laporan Tahunan 2016 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
yaitu www.theparadise-group.com.
This annual report is presented in two
language, namely Indonesian Language
(Bahasa Indonesa) 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
Bahasa Indonesia.
This Annual Report can be downloaded from
the official website of PT Indonesian Paradise
Property Tbk at www.theparadise-group.com.
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Fundamental ekonomi Indonesia yang kokoh, inflasi yang
terjaga, serta daya beli masyarakat yang stabil dan bertumbuh
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. Dengan
semangat Moving Forward to Seize the Future, kami optimis
dapat menciptakan pertumbuhan yang berkelanjutan.
Strong national economic fundamentals, maintained inflation rate
as well as stable and growing public purchasing power are the
factors that contribute to the creation of consumer confidence.
The Company is optimistic to be able to face the challenging
future and seize all opportunities through the proper application of
strategi policies, in addition to achieving the target of performance
improvement. With the spirit of Moving Forward to Seize the Future,
we are confident in our efforts to generate sustainable growth.
Moving forwardto seize the future
Penjelasan TemaTheme Explanation
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TENTANG LAPORAN TAHUNAN
PENJELASAN TEMA
DAFTAR ISI
KILAS KINERJA 2016
Ikhtisar Data Keuangan Penting
Peristiwa Penting 2016
Penghargaan dan Sertifikasi 2016
LAPORAN DIREKSI DAN DEWAN
KOMISARIS
Laporan Direksi
Laporan Dewan Komisaris
PROFIL PERUSAHAAN
Akses Informasi dan Data Perseroan
Sekilas Perseroan
Visi, Misi dan Nilai-Nilai Perseroan
Keunggulan Kompetitif
Bidang Usaha
Jejak Langkah
Struktur Organisasi
Profil Direksi
Profil Dewan Komisaris
Pernyataan Independensi
Komisaris Independen
Pendidikan dan Pelatihan Direksi Dewan
Komisaris, Komite Audit, Sekretaris
Perusahaan, dan Internal Audit
Entitas Anak Perusahaan/Perusahaan
Asosiasi
Lembaga dan Profesi Penunjang
Pasar Modal
Jaringan Kantor dan Wilayah Kerja
IKHTISAR SAHAM, OBLIGASI, SERTA
EFEK LAINNYA
Informasi Saham
Nama dan Persentase Pemegang Saham
Informasi Mengenai Pemegang Saham
Utama dan Pengendali
01
03
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Struktur Grup
Kronologi Pencatatan Saham
Aksi Korporasi
Informasi Mengenai Obligasi, Sukuk
atau Obligasi Konversi yang masih
Beredar dalam 2 (Dua) Tahun Buku
Terakhir
Kronologi Pencatatan Efek Lainnya
Informasi Kebijakan Dividen
Program Kepemilikan Saham oleh
Karyawan dan Manajemen
Realisasi Penggunaan Dana Hasil
Penawaran Umum
ANALISIS & PEMBAHASAN
MANAJEMEN
Tinjauan Makroekonomi dan Industri
Tinjauan Operasi per Segmen Usaha
Analisis Kinerja Keuangan
Kemampuan Membayar Utang dan
Tingkat Kolektibilitas Piutang
Struktur Modal dan Kebijakan
Manajemen atas Struktur Modal
Ikatan yang Material untuk Investasi
Barang Modal
Investasi Barang Modal yang
Direalisasikan pada Tahun Buku
Terakhir
Informasi dan Fakta Material
Informasi dan Fakta Material yang
Terjadi setelah Tanggal Laporan
Akuntan
Perbandingan antara Target, Realisasi
2016 dan Proyeksi 2017
Informasi Material Mengenai Investasi,
Ekspansi, Divestasi, Penggabungan/
Peleburan Usaha, Akuisisi atau
Restrukturisasi Utang/Modal
Informasi Transaksi Material yang
Mengandung Benturan Kepentingan
dan Transaksi dengan Pihak Afiliasi
DaftarIsi
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Perubahan Peraturan Perundang-
Undangan yang Berpengaruh
Signifikan Terhadap Kinerja
Perusahaan
Perubahan Kebijakan Akuntansi yang
Diterapkan pada Tahun Buku Terakhir
Aspek Pemasaran
Prospek Usaha
Informasi Kelangsungan Usaha
PENDUKUNG BISNIS
Sumber Daya Manusia
Teknologi Informasi
TATA KELOLA PERUSAHAAN
YANG BAIK
Dasar dan Tujuan Penerapan Tata
Kelola Perusahaan yang Baik
Prinsip-Prinsip Tata Kelola Perusahaan
Penilaian Penerapan Good Corporate
Governance untuk Tahun Buku 2016
Struktur Tata Kelola
Rapat Umum Pemegang Saham
Direksi
Dewan Komisaris
Komisaris Independen
Kebijakan dan Pelaksanaan Frekuensi
Rapat Direksi, Dewan Komisaris, serta
Rapat Gabungan Direksi dan Dewan
Komisaris
Program Pelatihan dan Pengembangan
Kompetensi Direksi dan Dewan
Komisaris
Hubungan Afiliasi Direksi dan Dewan
Komisaris
Komite Audit
Komite/Fungsi Nominasi dan
Remunerasi
Sekretaris Perusahaan
Internal Audit
Informasi Tentang Auditor Independen
Sistem Pengendalian Internal
Manajemen Risiko
Perkara Penting yang Dihadapi
Perusahaan 2016
Informasi Sanksi Administratif yang
Dikenakan Kepada Perusahaan
Kode Etik
Sistem Pelaporan Pelanggaran
Keberagaman Komposisi Direksi dan
Dewan Komisaris
Penerapan atas Pedoman Tata Kelola
Perusahaan Terbuka
TANGGUNG JAWAB SOSIAL
PERUSAHAAN
Kebijakan dan Dasar Penerapan Program
Tanggung Jawab Sosial Perusahaan
Bidang Lingkungan Hidup
Bidang Ketenagakerjaan, Kesehatan,
dan Keselamatan Kerja
Bidang Pengembangan Sosial dan
Kemasyarakatan
Tanggung Jawab Barang/Jasa
Program dan Kegiatan Tanggung
Jawab Sosial Perusahaan
SURAT PERNYATAAN ANGGOTA DIREKSI
DAN ANGGOTA DEWAN KOMISARIS
TENTANG TANGGUNG JAWAB ATAS
LAPORAN TAHUNAN 2016
LAPORAN KEUANGAN KONSOLIDASIAN
DAN LAPORAN AUDITOR INDEPENDEN
TERMASUK DI DALAMNYA SURAT
PERNYATAAN DIREKSI TENTANG
TANGGUNG JAWAB ATAS LAPORAN
KEUANGAN KONSOLIDASIAN TANGGAL
31 DESEMBER 2016
6
Contents
ABOUT THE ANNUAL REPORT
THEME EXPLANATION
TABLE OF CONTENTS
2016 PERFORMANCE HIGHLIGHTS
Highlights on Key Financial Data
2016 Highlight Events
2016 Awards and Certifications
BOARD OF DIRECTORS AND BOARD
OF COMMISSIONERS REPORTS
Board of Directors Report
Board of Commissioners Report
COMPANY PROFILE
Access of Company Information
and Data
Company at a Glance
Vision, Mission and Values of the
Company
Competitive Excellence
Line of Business
Milestones
Organization Structure
Board of Directors Profile
Board of Commissioners Profile
Independency Statement of
Independent Commissioner
Education and Training Programs for
the Board of Commissioners, Board of
Directors, Audit Committee, Corporate
Secretary and Internal Audit
Subsidiary/Associate Entities
Capital Market Supporting Institutions
and Professionals
Office Network and Operational Area
HIGHLIGHTS ON SHARES, BONDS AND
OTHER SECURITIES
Information on Share
Name and Percentage of Shareholder
Information on Main and Controlling
Shareholders
01
03
04
08
09
12
13
17
19
29
37
38
39
41
42
43
45
46
47
55
62
62
64
90
91
93
94
96
97
98
100
109
109
109
109
110
110
113
114
115
120
124
125
125
125
126
127
128
128
129
131
Group Structure
Share Listing Chronology
Corporate Actions
Information on Bonds, Sharia Bonds
or Convertible Bonds that Were
Outstanding in the Last 2 (Two) Fiscal
Years
Chronology of Other Securities Listing
Information on Dividend Policy
Employee and Management Stock
Option Plan
Use of Proceeds from Public Offering
MANAGEMENT DISCUSSION AND
ANALYSIS
Macroeconomic and Industrial
Overview
Operational Overview Per Business
Segment
Analysis on Financial Performance
Solvency and Receivables Collectability
Capital Structure and Management
Policy on Capital Structure
Material Commitment for Capital Goods
Investment
Capital Goods Investment Realized in
the Last Fiscal Year
Material Information and Fact
Material Information and Fact
Subsequent to Accountant Report
Comparison Between Target and
Realization in 2016 as well as Projection
for 2017
Material Information on Investment,
Expansion, Divestment, Business
Merger/Consolidation, Acquisition or
Capital/Debt Restructuring
Information on Material Transaction
Containing Conflict of Interest and
Transaction with Affiliations
Changes in Regulations that
Significantly Impact on Performance of
the Company
7
132
133
134
135
137
138
142
145
146
146
147
148
148
155
158
160
161
162
162
163
166
166
168
175
175
176
178
178
178
179
181
185
185
193
194
194
195
196
196
197
203
205
Changes in Accounting Policies
Implemented in the Last Fiscal Year
Marketing Aspect
Business Outlook
Information on Business Sustainability
BUSINESS SUPPORTS
Human Resources
Information Technology
GOOD CORPORATE GOVERNANCE
Basis and Purpose of the
Implementation of Good Corporate
Governance
Good Corporate Governance Principles
Assessment on Good Corporate
Governance Implementation in 2016
Fiscal Year
Governance Structure
General Meeting of Shareholders
Board of Directors
Board of Commissioners
Independent Commissioner
Policy and Frequency of Meetings
of Board of Directors and Board of
Commissioners as well as Joint Meeting
of Board of Directors and Board of
Commissioners
Training and Competency Development
Programs for Board of Directors and
Board of Commissioners
Affiliations of Board of Directors and
Board of Commissioners
Audit Committee
Nomination and Remuneration
Committee/Function
Corporate Secretary
Internal Audit
Information on Independent Auditor
Internal Control System
Risk Management
Legal Cases in 2016
Information on Administrative Sanction
Imposed on the Company
Code of Conduct
Whistleblowing System
Diversity of the Board of Commissioners
and Board of Directors
Implementation of Good Corporate
Governance for Public Companies
CORPORATE SOCIAL RESPONSIBILITY
Policies and Basis of Implementation of
Corporate Social Responsibility
Environment
Manpower and Occupational Health
and Safety
Social and Community Development
Responsibility of Products/Services
Corporate Social Responsibility
Programs and Activities
STATEMENT OF MEMBERS OF BOARD
OF COMMISSIONERS AND BOARD OF
DIRECTORS ON THE RESPONSIBILITY
FOR THE 2016 ANNUAL REPORT OF
PT INDONESIAN PARADISE PROPERTY
Tbk
CONSOLIDATED FINANCIAL
STATEMENTS AND INDEPENDENT
AUDITORS REPORT INCLUDING
THE STATEMENT OF BOARD OF
DIRECTORS ON THE RESPONSIBILITY
FOR THE CONSOLIDATED FINANCIAL
STATEMENTS AS OF 31 DECEMBER
2016
8
Kilas Kinerja2016
2016 PerformanceHighlights
9
Ikhtisar Laba Rugi Konsolidasian / Highlights on Consolidated Profit or Loss
Ikhtisar Data Keuangan PentingHighlights On Key Financial Data
Uraian / Description 2016 2015 2014
Pendapatan Bersih / Net Revenues 547.492.009.881 587.087.865.753 579.474.747.358
Laba Bruto / Gross Profit 389.343.876.701 421.142.573.853 419.602.614.377
Laba Tahun Berjalan Profit for the Year
181.566.742.860 112.287.513.857 60.711.753.324
Laba tahun berjalan yang dapat diatribusikan kepada / Profit for the Year Attributable to :
Pemilik Entitas IndukOwners of the Parent
170.121.035.846 59.903.626.388 25.098.336.892
Kepentingan Non PengendaliNon-Controlling Interest
11.445.707.014 52.383.887.469 35.613.416.432
Jumlah Penghasilan Komprehensif Tahun Berjalan Setelah PajakTotal Comprehensive Income for the Year Net of Tax
180.697.292.740 113.118.531.290 59.092.980.146
Laba Komprehensif Tahun Berjalan yang dapat Diatribusikan kepada:Total Comprehensive Income for the Year Attributable to:
Pemilik Entitas IndukOwners of the Parent
169.506.434.099 60.734.643.821 23.479.563.714
Kepentingan Non PengendaliNon-Controlling Interest
11.190.858.641 52.383.887.469 35.613.416.432
Laba per Saham Earnings per Share
15,21 8,96 11,22
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Ikhtisar Posisi Keuangan Konsolidasian/ Highlights on Consolidated Financial Position
Uraian / Description 2016 2015 2014
Aset LancarCurrent Assets
353.087.115.120 442.875.440.986 333.887.025.834
Aset Tidak LancarNon-Current Assets
4.802.666.281.863 4.458.187.088.672 1.857.352.220.562
Jumlah AsetTotal Assets
5.155.753.396.983 4.901.062.529.658 2.191.239.246.396
Liabilitas Jangka Pendek Current Liabilities
106.632.977.094 313.186.382.555 169.889.733.156
Liabilitas Jangka Panjang Non-Current Liabilities
960.174.170.081 635.854.413.277 780.025.713.834
Jumlah LiabilitasTotal Liabilities
1.066.807.147.175 949.040.795.832 949.915.446.990
Jumlah EkuitasTotal Equity
4.088.946.249.808 3.952.021.733.826 1.241.323.799.406
Modal Kerja BersihNet Working Capital
246.454.138.026 129.689.058.431 163.997.292.678
Jumlah Investasi pada Entitas AsosiasiTotal Investments inAssociate Entities
15.041.876.850 2.522.027.924.145 -
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Ikhtisar Arus Kas Konsolidasian/ Highlights on Consolidated Cash Flow
Uraian / Description 2016 2015 2014
Arus Kas Bersih dariAktivitas OperasiCash Flows from Operating Activities
100.067.311.679 62.130.885.734 81.648.775.493
Arus Kas Bersih untuk Aktivitas InvestasiCash Flows for Investing Activities
(253.876.095.128) (2.783.194.434.224) (132.826.958.533)
Arus Kas dari Aktivitas PendanaanCash Flows from Financing Activities
114.227.673.653 2.794.954.894.239 74.241.480.325
Kenaikan (Penurunan) Bersih Kas dan Setara KasNet Increase (Decrease) Cash and Cash Equivalents
(39.581.109.796) 73.891.345.749 23.063.297.285
Kas dan Setara Kas Entitas Anak yang Baru Diakuisisi Cash and Cash Equivalents from Newly Acquired Subsidiaries
- 10.627.295.033 -
Kas dan Setara Kas Awal TahunCash and Cash Equivalents at Beginning of the Year
287.484.925.085 202.966.284.303 179.902.987.018
Kas dan Setara Kas Akhir TahunCash and Cash Equivalents at End of Year
247.903.815.289 287.484.925.085 202.966.284.303
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Rasio Keuangan / Financial Ratiosdalam persen / in percentage (%)
Uraian / Description 2016 2015 2014
Laba Bersih terhadap Jumlah AsetReturn On Assets
3,52 2,29 2,70
Laba Bersih terhadap EkuitasReturn On Equity
4,44 2,86 4,76
Laba Bersih terhadap PendapatanReturn On Revenues
33,16 19,13 10,20
Rasio Lancar / Current Ratio 331,12 141,41 196,53
Liabilitas terhadap EkuitasLiabilities to Equity
26,09 24,01 76,52
Liabilitas terhadap Jumlah AsetLiabilities to Assets
20,69 19,36 43,35
Rasio Modal Kerja terhadap AsetWorking Capital to Assets
4,78 2,65 7,48
Rasio Imbal Hasil terhadap InvestasiReturn on Investments
7,10 4,69 123,46
Rasio Investasi terhadap AsetInvestment to Assets
49,58 48,81 2,18
Peristiwa Penting 20162016 Event Highlights
Penyelenggaraan Rapat Umum Pemegang Saham Tahunan dan Rapat Umum Pemegang Saham Luar Biasa
Penyelenggaraan Rapat Umum Pemegang Saham Luar Biasa
Menempati kantor baru di Centennial Tower
Mulai beroperasi Hotel Maison Aurelia, Sanur - Bali
Divestasi PT Sepingan Properti
Convention of Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders
Convention of Extraordinary General Meeting of Shareholders
Allocation the new office at Centennial Tower
Soft opening of Maison Aurelia, Sanur – Bali
Divestment of PT Sepingan Properti
10 June
18 August
15 August
15 September
21 December
13
Penghargaan & Sertifikasi 20162016 Awards & Certifications
Penghargaan
Awards
Perseroan menerima penghargaan
sebagai apresiasi atas pertumbuhan
kinerja sepanjang tahun 2016 sebagai
berikut:
PENGHARGAAN INVESTOR
MAGAZINE AWARD FOR THE BEST
LISTED COMPANIES 2016 FOR THE
SECTOR OF RESTAURANT, HOTEL
AND TOURISM
OLEH BERITA SATU
The Investor Magazine Award for the Best Listed Companies 2016 for the sector of Restaurant, Hotel and
Tourism from Berita Satu
1st Place in the Economic Review Magazine for the Business
Category of Restaurant, Hotel and Tourism, the Sector of Trade,
Service and Investment
Economic Review Magazine Award for Indonesia Good Corporate
Governance Award – II – 2016 as the Best GCG for Public Company in Indonesia with the predicate of (B)
34th Place in the Forbes Indonesia Award on Best of Best 2016 Awards for the Top 50 Companies of 2016.
PENGHARGAAN ECONOMIC
REVIEW MAGAZINE FOR INDONESIA
GOOD CORPORATE GOVERNANCE
AWARD – II – 2016 SEBAGAI GCG
TERBAIK PERUSAHAAN TERBUKA DI
INDONESIA DENGAN PREDIKAT (B)
PERINGKAT PERTAMA DALAM
ECONOMIC REVIEW MAGAZINE
FOR THE BUSINESS CATEGORY
OF RESTAURANT, HOTEL AND
TOURISM, THE SECTOR OF TRADE,
SERVICE AND INVESTMENT
PENGHARGAAN PERINGKAT KE
34 DALAM FORBES INDONESIA
AWARD ON BEST OF BEST 2016
AWARDS FOR THE TOP 50
COMPANIES OF 2016
The Company received several awards
as the appreciation for its performance
growth during 2016 as follows:
14
Beberapa penghargaan lain yang berhasil
diraih Perseroan melalui Unit Usaha
sebagai berikut:
Other awards achieved by the Company
through out its Business Units are as
follows:
Sertifikasi yang dimiliki Perseroan melalui Unit Usaha sebagai berikut:Certification owned by the Company through its Subsidiaries are as follows:
No Unit Usaha / Business Unit Penghargaan / Award
Pemberi Penghargaan / Awarded by
Tanggal/ Date
Unit Usaha Bali / Bali Business Unit
1Sheraton Bali Kuta Resort
2016 Best Luxury Resort SpaThe World Luxury Spa
2016
2Sheraton Bali Kuta Resort
Powering Global Travel Awards 2016 GTA 2016
3Sheraton Bali Kuta Resort
Recommended Hotel HolidayCheck April 2016
4Sheraton Bali Kuta Resort
Luxury Rooftop View Hotel in IndonesiaThe World Luxury Hotel
2016
5Sheraton Bali Kuta Resort
Tri Hita Karana Tourism Awards Emerald Medal
Yayasan Tri Hita Karana
December 2016
6Sheraton Bali Kuta Resort
Bali Best Brand Award 2016 – Top ten best 5 stars hotels in Bali
Royal Bali NetworkDecember
2016
7Sheraton Bali Kuta Resort
Bali Best Brand Award 2016 – In recognition of outstanding achievement in building Bali Best Award 2016
Royal Bali NetworkDecember
2016
8Sheraton Bali Kuta Resort
Asia Pasific Global Rooms Week - Associate Housekeeping of the year
Regional Corporate office Starwood Hotels & Resorts.
December 2016
9Sheraton Bali Kuta Resort
Award of Excellent Wine Spectator 2016
10HARRIS Hotel Tuban – Bali
Four Star Hotel Silver MedalTri Hita Karana Tourism Award
December 2016
Unit Usaha Batam / Batam Business Unit
11HARRIS Hotel Batam Center / Perhotelan
Certified Hotel Partner TravelokaOctober
2016
Sertifikasi / Certification Pemberi Sertifikasi / Certifiers Tanggal / Date
K3 Bupati Badung March 2016
Sucofindo Certificate Sucofindo April 2016
Hygiene & Sanitation Dinkes Kab. Badung July 2016
Sertifikasi Kesiapsiagaan Bencana BPBD Prov. BaliDecember 2014
to 2017
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16
17
Laporan Direksi dan Dewan Komisaris
Board of Directors and Board of Commissioners Reports
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19
Para pemegang saham dan seluruh pemangku
kepentingan yang terhormat,
Salam sejahtera kami sampaikan pada
kesempatan yang baik ini, dan semoga kita
terus diberikan kelancaran dalam menjalankan
seluruh aktivitas bisnis. Perkenankanlah
kami untuk menyampaikan laporan
pertanggungjawaban Direksi atas kinerja
Perseroan pada tahun 2016.
Kami menyadari bahwa tahun 2016 merupakan
tahun yang penuh tantangan. Meski demikian,
kami bersyukur dapat terus menciptakan
pertumbuhan usaha di tengah dinamika
perekonomian global dan nasional yang
sedikit banyak telah memberikan dampak
pada industri properti.
LaporanDireksiBoard of Directors Report
Valuable shareholders and stakeholders,
Greetings. With all grateful heart, we hope
that all of us are always blessed in carrying out
our business activities. On this momentous
occasion, we would like to deliver the report
on the accountability of Board of Directors
in managing the Company’s performance in
2016.
We are aware of the fact that 2016 was filled
with challenges. Nevertheless, we are proud
to be able to record business growth amidst
the volatile global and national economic
conditions, which, more-or-less, had an
impact of property industry.
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Komitmen kami dalam bidang penyediaan
akomodasi (hotel) dan properti senantiasa
kami lakukan dengan sepenuh hati. Kami
senantiasa bekerja keras membangun
dan mempertahankan reputasi dengan
mengokohkan tekad untuk kesempurnaan
kinerja serta kepuasan pelanggan. Setiap
langkah menjadi rekam jejak sejarah
yang membingkai kesetiaan kami untuk
menciptakan pertumbuhan usaha yang
berkelanjutan.
MAKROEKONOMI GLOBAL DAN NASIONAL
Perekonomian global pada tahun 2016 mulai
bergerak yang didorong oleh perbaikan
ekonomi Amerika Serikat, negara-negara
emerging market, serta harga komoditas
dunia yang meningkat. Pertumbuhan
ekonomi Amerika Serikat didorong oleh
konsumsi dan investasi yang diikuti dengan
tingkat pengangguran dan pendapatan yang
membaik. Sementara itu, perekonomian
negara emerging, diantaranya India, juga
menunjukkan perbaikan yang ditopang oleh
perbaikan musim serta peningkatan upah.
Di sisi lain, pertumbuhan ekonomi Tiongkok
diperkirakan melambat yang dipengaruhi
oleh meningkatnya risiko di sektor keuangan.
Selain itu, tekanan aliran keluar modal asing
dari pasar keuangan juga turut mempengaruhi
perekonomian Tiongkok.
Di lain pihak harga komoditas dunia termasuk
harga minyak masih tetap tinggi. Berdasarkan
data Bank Indonesia, harga minyak mentah
sedikit mengalami peningkatan ke level
USD55,5 per barrel hingga Februari 2017.
Pencapaian ini didorong oleh keberhasilan
pemotongan produksi yang disepakati oleh
negara-negara Organization of the Petroleum
Exporting Countries (OPEC) dan non-OPEC.
Pada tahun 2016, perkembangan kondisi
ekonomi domestik masih berlanjut ke arah
yang positif dengan berbagai perbaikan
fundamental ekonomi. Berdasarkan data Bank
Indonesia, perekonomian Indonesia pada
We remain true to our commitment to
providing quality accommodation (hotel) and
property service. We are steadfastly dedicated
to build and maintain our reputation by
reinforcing our determination to improve
performance and boost customer satisfaction.
Each step of the Company becomes a
milestone that frames our loyalty to create
sustainable business growth.
GLOBAL AND NATIONAL ECONOMIC
CONDITION
Global economic condition of 2016 began to
recover as triggered by the improvement in the
US and emerging markets’ economy as well as
the growth of global commodity prices. The
growing economy of the US was encouraged
by the rising consumption and investment
rate followed by the declining unemployment
level and increasing revenues. Meanwhile,
emerging markets’ economy such as India’s
also demonstrated slight recovery supported
the improved season and rising salaries. On
the other hand, China’ economy remained
sluggish due to the impact of rising risks in
financial sector in addition to the pressure of
foreign capital outflow from financial market
which contributed to the slowdown of China’s
market.
Global commodity prices, including oil
price, remained high. Data released by Bank
Indonesia stated that Brent oil price rose to
the level of USD55.5 per barrel as of February
2017. This was encouraged by the success
of production cut as agreed by the member
countries of the Organization of the Petroleum
Exporting Countries (OPEC) as well as non-
member countries.
During the year, domestic economy tended
to show positive growth in line with various
improvements in economic fundamentals.
Based on the data from Bank Indonesia,
domestic economy grew to the level of 5.02%
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tahun 2016 mencapai 5,02% (yoy). Pencapaian
ini mengalami peningkatan dibandingkan
pada tahun 2015 sebesar 4,88%. Pertumbuhan
ekonomi yang membaik ini didukung oleh
konsumsi dan investasi, khususnya bangunan,
yang tercatat cukup kuat. Konsumsi rumah
tangga pada tahun 2016 juga diperkirakan
masih tumbuh cukup kuat dalam menopang
pertumbuhan ekonomi.
Pada tahun 2016, inflasi tercatat sebesar 3,02%
(yoy) turun dibandingkan pada tahun 2015
yang tercatat sebesar 3,35% (yoy). Sedangkan
nilai tukar Rupiah hingga akhir tahun 2016
bergerak ke arah yang relatif stabil dengan
kecenderungan menguat. Rilis data Bank
Indonesia, penguatan Rupiah seiring dengan
aliran modal asing yang kembali masuk
serta ditopang oleh persepsi positif investor
terhadap perekonomian dalam negeri.
Tekanan terhadap Rupiah sepanjang tahun
2016 antara lain berasal dari meningkatnya
ketidakpastian global terkait ketidakpastian
kebijakan Amerika Serikat atas terpilihnya
Presiden yang baru, kenaikan Fed Fund Rate
(FFR) serta peningkatan kebutuhan dolar
untuk pembayaran utang luar negeri.
Sementara itu, penerapan kebijakan Amnesti
Pajak yang dilakukan oleh Pemerintah
diprediksikan akan membawa manfaat jangka
panjang berupa peningkatan pertumbuhan
ekonomi nasional dan meningkatkan daya
beli masyarakat. Kebijakan amnesti pajak juga
diperkirakan akan memberikan dorongan
investasi di sektor riil melalui penguatan
likuiditas dari hasil repatriasi dana yang ada di
luar negeri.
Industri properti pada tahun 2016 mengalami
pertumbuhan dengan berbagai penerapan
regulasi yang dilakukan. Beberapa hal yang
menumbuhkan industri properti antara lain
penetapan suku bunga Kredit Kepemilikan
Rumah (KPR) yang lebih murah, tingkat Loan
to Value (LTV) yang mencapai 15%, serta
pengurangan Pajak Penjualan Properti. Dapat
(yoy) in 2016, showing an improvement
compared to the growth of 4.88% recorded in
2015. Such achievement was also encouraged
by the robust performance of consumption
and investment sectors, particularly in building
segment. Household consumption in 2016
was relatively strong to support the economic
growth.
Inflation rate of 2016 was recorded at 3.02%
(yoy), declined from 2015 rate which is 3.35%
(yoy). Meanwhile, Rupiah exchange rate by
the end of 2016 moved towards stability with
a tendency to grow stronger. Bank Indonesia’s
data stated that the strengthening Rupiah was
in line with the foreign capital inflow as well
as investors’ positive perception on domestic
economic condition. Pressure on Rupiah
throughout 2016 mainly came from the global
volatility in relation to the uncertainties in US’
policies due to the newly elected President of
the United States, rise of Fed Fund Rate (FFR)
and increasing needs for Dollar for foreign
debt payments.
Meanwhile, the implementation of Tax Amnesty
program by the government was estimated
to be able to bring long-term benefits to
the national economic growth and public
purchasing power. In addition, tax amnesty
was predicted to stimulate investment in real
sector on the basis of liquidity strengthening
from strengthening from repatriation of
overseas fund.
Property industry in 2016 also experienced
improvement in line with the implementation
of various regulations. Several factors
contributing to the property sector growth
was, among others, the determination of
a more affordable interest rate of Home
Ownership Loan (KPR), Loan to Value (LTV)
rate that reached 15%, and reduction of Sales
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kami sampaikan juga bahwa, pertumbuhan
industri properti juga dipicu oleh consumer
confidence serta kondisi politik yang relatif
stabil. Kondisi ini mampu menciptakan
pertumbuhan usaha bagi Perseroan.
ANALISIS ATAS KINERJA 2016
a. Implementasi Kebijakan Strategis
Kami menyadari bahwa dalam sebuah
perusahaan, kebijakan strategis memegang
peranan yang sangat fundamental dalam
pelaksanaan proses keputusan guna
menentukan tujuan serta proses pencapaian
tujuan tersebut. Karena itu, Perseroan
mencermati setiap perubahan kondisi
lingkungan bisnis yang terjadi, baik yang
bersifat internal maupun eksternal. Guna
mencapai sasaran bisnis dan mewujudkan visi
Perusahaan.
Pada tahun 2016, Perseroan kembali
menerapkan kebijakan strategis yang secara
bertahap menempatkan fondasi Perseroan
sebagai suatu hal yang fundamental dengan
terus melakukan rebalancing portofolio.
Dari sisi internal kami mempersiapkan dan
memperkuat Sumber Daya Manusia (SDM)
dengan membangun core competency
melalui pendidikan dan pelatihan yang baik.
Kebutuhan pasar diterjemahkan ke dalam
materi pendidikan dan pelatihan yang memadai
guna menghasilkan SDM yang berkualitas.
Perseroan juga menerapkan kedisiplinan
dan fokus pada industri yang dijalani
sebagai kebijakan strategis. Akuisisi 25,92%
saham PT Plaza Indonesia Realty Tbk
pada pertengahan tahun 2015 menjadikan
Perseroan sebagai salah satu perusahaan
properti terbesar di Indonesia. Oleh karena itu,
kedisiplinan dan fokus dibutuhkan bagi kami
guna mengembangkan dan mengoperasikan
berbagai unit usaha kami yang merupakan
iconic life style destinations di Indonesia.
Tax for Property. Moreover, the growth of
property industry was also triggered by rising
consumer confidence and relatively stable
political condition. All these factors certainly
impacted positively on the Company’s
business growth.
ANALYSIS ON 2016 PERFORMANCE
a. Implementation of Strategic Policies
We understand that strategic policies play
a fundamental role in a company in the
decision-making process to determine the
goal and method to reach the goal. Hence,
the Company always takes into account each
change that occurs in business environment,
both internally and externally, to achieve
business targets and realize Company’s vision.
In 2016, the Company continued to
implement strategic policies that gradually
placed the Company’s foundation as one
of the fundamental issues by continuously
performing portfolio rebalancing. Internally,
the Company continued to prepare and
strengthen Human Resources (HR) through
the development of core competency by
providing good education and training
activities. Market needs were translated into
adequate education and training materials in
order to create high-quality HR.
The Company also applied discipline principle
and focused on the engaged industry as its
strategic policies. The acquisition of 25.92%
shares of PT Plaza Indonesia Realty Tbk in
the mid 2015 made the Company as one of
the largest property players in Indonesia.
Therefore, discipline and focus are required to
be able to develop and operate our business
unit which are the iconic life style destinations
in Indonesia.
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Kami percaya pertumbuhan industri pada
masa mendatang akan terus membaik.
Perseroan telah mempersiapkan berbagai
hal dalam jangka panjang yang diarahkan
pada pengembangan bisnis hotel serta pusat
perbelanjaan (mall) secara lebih baik. Kebijakan
strategis lainnya yang diterapkan sepanjang
tahun 2016 adalah diversifikasi usaha dengan
mulai memasuki dan membangun beberapa
proyek apartemen di beberapa wilayah di
Indonesia. Dalam jangka panjang, kami
menargetkan untuk masuk pada sektor high
rise building dan mixed use building yang akan
menjadi pelengkap (complement) perhotelan,
pusat perbelanjaan, dan apartemen dalam
satu kawasan yang terintegrasi.
b. Pencapaian Kinerja 2016
Target Perseroan yang ditetapkan pada awal
tahun adalah terus menciptakan pertumbuhan
baik dari sisi keuangan maupun non keuangan.
Pendapatan bersih Perseroan mengalami
penurunan sebesar Rp40 miliar dibandingkan
pada tahun sebelumnya. Hal ini terutama
disebabkan oleh penurunan pendapatan pusat
perbelanjaan. Meskipun demikian, Perseroan
mampu meningkatkan laba tahun berjalan
sebesar 61,7% atau sebesar Rp69,3 miliar
menjadi Rp181,6 miliar dibandingkan pada
tahun sebelumnya sebesar Rp112,3 miliar. Dari
sisi posisi keuangan, jumlah aset Perseroan
pada tahun 2016 tercatat sebesar Rp5.156
miliar, tumbuh 5,2% atau sebesar Rp255 miliar,
dari tahun 2015 sebesar Rp4.901 miliar.
Dari sisi operasional, Perseroan mencatatkan
Harga Kamar Rata-Rata (Average Room
Rate) HARRIS Hotel Tuban – Bali pada tahun
2016 sebesar Rp364.563 . Pencapaian ini
lebih rendah 3,36% atau sebesar Rp12.686
dibandingkan pada tahun 2015 sebesar
Rp377.249. Sedangkan tingkat hunian
(occupancy) HARRIS Hotel Tuban - Bali
mencapai sekitar 70% yang lebih tinggi
dibandingkan pada tahun 2015 sebesar 60,2%.
We believe that the growth of industry in
the future will be better. The Company
has also prepared various strategies to be
implemented in the long-term that are
directed to the development of hotel and
shopping center (mall) business. Another
strategic policy implemented in 2016 was
business diversification by penetrating and
building several apartment projects in various
areas in Indonesia. In the long run, we have
targeted to enter into the high-rise and
mixed-use building sector that will serve as a
complement of hotel, shopping center, and
apartment in one integrated area.
b. Performance Achievement in 2016
The Company’s target set at the beginning
of the year is to create continuous growth
in terms of financial and non-financial.
The Company’s revenue declined by Rp40
billion from the revenue of 2015. This was
due to the declining income from shopping
center segment. Nevertheless, the Company
remained optimistic as reflected on the growth
in Income for the Year by 61.7% or Rp69.3
billion, from Rp112.3 billion in 2015 to Rp181.6
billion. On financial front, total assets of the
Company in 2016 reached Rp5,156 billion,
rose 5.2% or Rp255 billion from the total assets
of previous year recorded at Rp4,901 billion.
In terms of operations, the Company managed
to record Average Room Rate for HARRIS Hotel
Tuban – Bali in 2016 at Rp364,563. This rate
was 3.36% lower (around Rp12,686) compared
to the rate of 2015 at Rp377,249. Meanwhile,
occupancy rate of HARRIS Hotel Tuban – Bali
reached 70%, higher than previous year’s
occupancy rate at 60.2%.
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c. Tantangan dan Antisipasi
Perbaikan dan perubahan kondisi lingkungan
internal dalam rangka perbaikan berkelanjutan
senantiasa dilakukan Perseroan untuk
meningkatkan kinerja telah berada pada
jalur yang tepat. Dengan demikian tidak
berlebihan apabila kami sangat optimis bahwa
prospek bisnis dan pencapaian kinerja pada
masa mendatang akan semakin cemerlang.
Kami juga yakin Perseroan dapat mampu
menangkap berbagai peluang maupun
beradaptasi dengan perubahan industri yang
semakin kompleks pada masa mendatang.
Kendati demikian, kami menyadari sepenuhnya
bahwa terdapat tantangan yang kami hadapi
pada tahun 2016. Meski begitu, kami secara
sukses mampu melakukan mitigasi dan
memperkecil risiko bisnis serta tantangan
yang ada melalui penerapan antisipasi dan
kebijakan strategis yang tepat.
PROSPEK USAHA
Data Bank Indonesia menunjukkan bahwa
perekonomian Indonesia tahun 2017 memasuki
fase pemulihan. Fase ini ditandai oleh
kondisi sektor korporasi yang membaik dan
didukung oleh pembiayaan yang diperkirakan
meningkat, baik dari kredit perbankan
maupun pembiayaan pasar modal. Dengan
perkembangan tersebut, pertumbuhan
ekonomi diperkirakan meningkat pada kisaran
5,0% - 5,4% yang ditopang oleh permintaan
domestik yang tetap kuat dan pulihnya kinerja
sektor lainnya. Kondisi ini akan berpengaruh
pada tingkat okupansi dan kunjungan
wisatawan baik dari luar negeri maupun
domestik serta pertumbuhan industri properti
yang akan terus mengalami perbaikan.
Memandang ke depan, kami menilai
fundamental ekonomi Indonesia cukup
kokoh dan mampu menciptakan consumer
confidence. Perseroan yakin dapat
menghadapi tahun 2017 melalui berbagai
kebijakan strategis serta target peningkatan
kinerja yang mampu meningkatkan performa
c. Challenges and Anticipatory Measures
Improvement and changes in internal
environment for the sake of sustainable
growth is carried out by the Company
continuously to boost performance, which
has been on the right track. Therefore, it
is not an exaggeration to say that we are
optimistic on the bright business outlook and
performance achievement of the Company.
We are certain that the Company is capable
of seizing all opportunities as well as adapting
to the change in industry that is getting more
complex in the future.
Despite all that, we also understand that there
are challenges that we face in 2016. We will
stay committed to carrying out mitigation
and minimizing business risks to the best of
our abilities through the implementation of
proper and effective anticipatory measures
and policies.
BUSINESS OUTLOOK
Data released by Bank Indonesia state that
domestic economy in 2017 will recover
as marked by improvement in corporate
sector supported by financing segment
that is estimated to grow, either in terms
of capital market loans or financing. With
such development, economic growth will
also improve within the range of 5.0% - 5.4%
encouraged by strong domestic demands and
recovery in other sectors. Such condition is
predicted to influence both the occupancy
rate and tourist visit, domestic and overseas,
as well as contributing to a more positive
growth of property industry.
Looking forward, we believe that Indonesia’s
economic fundamental is strong and able to
generate customer confidence. The Company
is optimistic in facing 2017 through the
implementation of various strategic policies
as well as preparation of performance
growth target that will boost the Company’s
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Perseroan. Perseroan juga optimis dapat
menciptakan pertumbuhan pada angka yang
realistis di masa mendatang.
PERKEMBANGAN TATA KELOLA
Kami meyakini bahwa pencapaian kinerja
yang baik dapat terus dipertahankan secara
berkelanjutan serta meraih prospek bisnis
dalam industri properti dapat terealisasi salah
satunya dengan cara menerapkan seluruh
prinsip-prinsip tata kelola perusahaan yang
baik atau Good Corporate Governance.
Bagi kami, implementasi Good Corporate
Governance merupakan keharusan untuk
menjaga transparansi dan akuntabilitas
Perseroan kepada publik.
Perseroan mengembangkan Good Corporate
Governance sejalan dengan best practices
yang dapat memberikan perlindungan yang
memadai serta mampu meningkatkan nilai
tambah bagi seluruh pemegang saham secara
maksimal. Dewan Komisaris, Direksi berserta
seluruh karyawan berkomitmen untuk
menerapkan prinsip-prinsip Good Corporate
Governance. Prinsip-prinsip tersebut juga
menjadi referensi bagi pengambilan keputusan
strategis serta optimasi kinerja Perseroan.
Dengan komitmen tersebut, Perseroan
berhasil memperoleh apresiasi dari pihak
eksternal berupa penghargaan dari Economic
Review pada Indonesia Good Corporate
Governance Award – II – 2016 dalam
kategori Good Corporate Governance
Terbaik Perusahaan Terbuka di Indonesia
dengan predikat B. Penghargaan ini menjadi
dorongan dan semangat bagi kami untuk
terus menyempurnakan Good Corporate
Governance di internal Perseroan.
MANAJEMEN RISIKO
Sistem manajemen risiko yang ada di
lingkungan Perseroan berfungsi untuk
mengelola risiko yang dilakukan melalui
identifikasi, pengendalian, serta evaluasi atas
risiko-risiko yang berpotensi mengganggu
performance. The Company believes that it
can improve the growth of its financial position
at a realistic value in the future.
GOVERNANCE DEVELOPMENT
We are certain that good performance
achievement can be continuously maintained
and business outlook can be attained
through the implementation of Good
Corporate Governance principles. For us,
the implementation of Good Corporate
Governance is a heavily required in order to
maintain the Company’s transparency and
accountability to the public.
The Company develops Good Corporate
Governance in line with the best practices that
will bring adequate protection and leverage
added values to all shareholders optimally. The
Board of Commissioners, Board of Directors
and all employees are committed to always
implementing Good Corporate Governance
principles in business environment where the
principles serve as a reference for decision-
making and optimizing the Company’s
performance.
By upholding the commitment, the Company
successfully gained appreciation in the form
of award from the Economic Review in the
2016 Indonesia Good Corporate Governance
Award II event where the Company obtained
B predicate in the category of Best Good
Corporate Governance in Public Companies.
This award stimulates our spirit to always
improve Good Corporate Governance
implementation within the Company.
RISK MANAGEMENT
The established risk management system
in the Company functions to manage risks
which is conducted through the identification,
control and evaluation processes on risks with
the potential to disrupt business activities and
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aktivitas bisnis, kelangsungan usaha, dan
menyebabkan tidak tercapainya tujuan
Perseroan.
Identifikasi risiko menjadi langkah awal
dalam penerapan sistem manajemen risiko
Perseroan. Perseroan meyakini bahwa
penerapan identifikasi risiko secara akurat dan
komprehensif sangat penting untuk dilakukan.
Perseroan senantiasa mengumpulkan
data sebanyak mungkin untuk melihat
potensi risiko yang dilakukan melalui survei,
wawancara, data historis, dan brainstorming
dalam rapat antar divisi. Risiko yang dapat
terjadi dalam aktivitas usaha umumnya
bersumber dari unsur ketidakpastian yang
menyebabkan tertekannya profitabilitas
hingga dapat menimbulkan kerugian. Proses
identifikasi risiko memudahkan Perseroan
untuk mengetahui bahaya yang ditimbulkan
terkait aktivitas bisnis Perseroan.
Kami senantiasa melakukan pengendalian
risiko dengan menggunakan pendekatan
terstruktur mulai dari penilaian risiko hingga
pengembangan strategi untuk mengelola
dan menyusun mitigasi risiko. Khusus mitigasi
risiko, Perseroan menggunakan sumber daya
yang dimiliki. Dalam proses ini, kami menyusun
serangkaian rencana kegiatan penanganan
yang dibutuhkan guna memperkecil eksposur
risiko. Kami juga melakukan evaluasi atas
keefektifan sistem manajemen risiko yang
dilakukan secara berkala.
PERUBAHAN KOMPOSISI ANGGOTA
DIREKSI
Pada tahun 2016, terdapat perubahan
komposisi Direksi yakni pengunduran diri
Edhie Bambang Siswoko sebagai Direktur
Independen serta pengangkatan Anthony
Prabowo Susilo sebagai Wakil Presiden
Direktur dan Alexander Nartates Nartates
sebagai Direktur Independen.
sustainability, causing the failure in achieving
Company’s goals.
Risk identification is the initial step in
the implementation of Company’s Risk
Management system. The Company believes
that accurate and comprehensive risk
identification is an essential step to be done.
The Company collects data as much as it
can to understand the potential risks that
is conducted through survey, interview,
historical data and brainstorming in the
divisional meetings. Risk that may occur in
business activities generally comes from
uncertainty factor, causing profitability to
be under pressure and will ultimately result
in loss. Risk identification process enables
the Company to know the adverse impact in
relation to the Company’s business activities.
We always carry out risk control using a
structured approach starting from risk
evaluation to strategy development in order
to manage and prepare risk mitigation. In
mitigating risks, the Company utilizes its
owned resources where we formulate a
series of management activity plan required
to minimize risk exposure. We also perform
periodical evaluation on the effectiveness of
risk management system in the Company.
CHANGES IN THE COMPOSITION OF
BOARD OF DIRECTORS
In 2016, the composition of Board of
Directors of the Company changed due to
the resignation of Edhie Bambang Siswoko
from his post as an Independent Director, and
the appointment of Anthony Prabowo Susilo
and Alexander Nartates Nartates as of Vice
President Director and Independent Director
respectively.
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Atas nama Direksi,
On behalf of Board of Directors,
Agoes Soelistyo Santoso
Presiden Direktur
President Director
Direksi mengucapkan terima kasih dan
penghargaan setinggi-tingginya atas dedikasi
serta kerja keras yang diberikan oleh Edhie
Bambang Siswoko. Direksi juga mengucapkan
selamat datang dan selamat bekerja kepada
Anthony Prabowo Susilo dan Alexander
Nartates Nartates sebagai anggota Direksi
yang baru.
Perubahan komposisi Direksi yang dilakukan
pada tahun 2016 merupakan langkah Perseroan
dalam memperkuat dan menumbuhkan
kinerja agar semakin kompetitif yang mampu
menjawab tantangan bisnis.
APRESIASI
Kami menyampaikan terima kasih kepada
seluruh pemegang saham, Dewan
Komisaris, pelanggan setia dan mitra
usaha atas dukungan dan kerjasamanya.
Saya sampaikan juga penghargaan kepada
seluruh karyawan yang telah menunjukkan
dedikasi dan profesionalisme dalam bekerja
serta konsistensi dalam menjaga nilai-nilai
Perusahaan. Kami yakin dengan dukungan
semua pihak, Perseroan akan tumbuh secara
baik dan menjadi yang terdepan sebagai
perusahaan properti.
The Board of Directors highly appreciates
and extends gratitude for the dedication and
hard work shown by Edhie Bambang Siswoko
during his service to the Company. The Board
of Directors also welcomes and wishes the
best of luck to Anthony Prabowo Susilo and
Alexander Nartates Nartates in conducting
their duties as the new members of Board of
Directors.
The change in the composition of Board
of Directors conducted in 2016 was the
Company’s strategy to strengthen and improve
performance so as to be more competitive in
order to answer business challenges.
APPRECIATION
We would like to extend our gratitude to all
shareholders, the Board of Commissioners,
loyal customers and business partners for the
support and cooperation. We would also like
to give highest appreciation to all employees
for their dedication and professionalism
in performing their duties as well as their
steadiness in maintaining Corporate Values.
We believe that, with relentless supports from
all parties, the Company will grow to be better
and become the leading company in property
business.
28
29
PT Indonesian Paradise Property Tbk
memasuki dunia properti dan penyediaan
akomodasi (hotel) dengan kesadaran bahwa
industri ini harus dihadapi dengan tekun, hati-
hati dan bijaksana. Dalam upaya meningkatkan
kinerjanya, Perseroan senantiasa mem–
posisikan diri sebagai perusahaan yang
terus menerapkan inovasi kreativitas serta
peningkatan kualitas Sumber Daya Manusia
(SDM) yang berkesinambungan yang siap
berkompetisi.
Laporan DewanKomisarisBoard of Commissioners Report
PT Indonesian Paradise Property Tbk entered
into property business and accommodation
(hotel) service with an understanding that the
industry must be faced with a keen, prudent
and wise manner. In the effort to improve
the performance, the Company continuously
positions itself as a company that constantly
implements creative innovation and makes
improvement in Human Resources (HR) aspect
ready to compete in the business world.
30
Melalui laporan ini, Dewan Komisaris akan
mendeskripsikan pandangan atas penilaian
kinerja Direksi, pengawasan terhadap
implementasi kebijakan strategis, pandangan
kami terhadap prospek usaha ke depan, tata
kelola perusahaan serta langkah Perseroan ke
depan.
PENILAIAN KINERJA DIREKSI 2016
Tahun 2016 merupakan masa yang penuh
tantangan bagi industri properti. Perseroan
menjawab tantangan ini dengan melakukan
ekspansi usaha yang terarah dan terukur,
sehingga mampu menjaga profitabilitas usaha
yang sehat.
Secara umum, Dewan Komisaris menilai
bahwa kinerja Direksi sepanjang tahun 2016
dalam mengelola Perseroan telah berjalan
dengan sangat baik. Meskipun pendapatan
bersih pada tahun 2016 turun sebesar Rp40
miliar dibandingkan pada tahun 2015. Namun,
Laba Tahun Berjalan mengalami peningkatan
Rp69 miliar.
Menurut kami, Direksi beserta seluruh
karyawan telah bekerja keras memajukan
Perseroan dengan mengembangkan mutu
dan kompetensi Sumber Daya Manusia
(SDM), penerapan secara bertahap tata kelola
perusahaan yang baik (Good Corporate
Governance) serta melakukan perbaikan
sistem secara berkelanjutan untuk mencapai
hasil yang optimal. Kami juga menilai, Direksi
mempu mengelola Perseroan dengan secara
efektif menjalankan inovasi, kreativitas, serta
peningkatan kualitas SDM. Pada akhirnya
semua upaya tersebut memberikan pengaruh
terhadap kinerja Perseroan pada tahun 2016.
Secara berkelanjutan kami terus mengarahkan
pada Direksi untuk tetap disiplin dan
fokus pada pengembangan usaha melalui
penerapan kebijakan strategis dengan target
pertumbuhan pendapatan usaha yang lebih
baik pada masa mendatang.
Through this report, the Board of
Commissioners would like to describe our
opinion and assessment on Board of Directors’
performance, supervisory on strategic policy
implementation, opinion on business outlook,
corporate governance and future plans of the
Company.
ASSESSMENT ON PERFORMANCE OF
BOARD OF DIRECTORS IN 2016
2016 was a year full of challenges for property
industry. The Company met these challenges
by conducting a steered and measured
business expansion so that the Company was
able to maintain sound business profitability.
In general, the Board of Commissioners
assesses that the 2016 performance of Board
of Directors in managing the Company has
been remarkable. Despite net revenue of
2016 declined by Rp40 billion, the Company
managed to record an increase of Rp69 billion
in the post of Income for the Year.
In our opinion, the Board of Directors and all
employees have performed great endeavors to
advance the Company by improving the quality
and competency of its Human Resources
(HR), gradually implementing the principles of
Good Corporate Governance and conducting
a continuous system improvement to gain
optimum results. We also observe that the
Board of Directors is capable of managing the
Company by effectively creating innovation,
enhancing creativity and improving HR quality.
Ultimately, all the above factors contributed to
the Company’s performance in 2016.
We provide directions to the Board of Directors
in a sustainable manner to remain disciplined
and focused on business development through
the implementation of strategic policies, with
a target to score better business growth in the
future.
31
PENGAWASAN IMPLEMENTASI KEBIJAKAN
STRATEGIS
Sepanjang tahun 2016, Dewan Komisaris
senantiasa menjalankan fungsi pengawasan
dan memberikan saran kepada Direksi dalam
mengimplementasikan seluruh kebijakan
strategis Perseroan. Pengawasan dilakukan
secara berkesinambungan, baik sebelum
maupun setelah pelaksanaan kebijakan
strategis guna evaluasi menyeluruh. Melalui
pengawasan yang berkelanjutan, kami
ingin memastikan bahwa Direksi telah
mempertimbangkan berbagai faktor secara
menyeluruh.
Selain itu, Dewan Komisaris juga memastikan
bahwa manajemen risiko yang diterapkan
Perseroan mampu dikelola dengan baik.
Sistem manajemen risiko yang ada di
Perseroan berfungsi untuk mengelola risiko
yang mencakup identifikasi, pengendalian,
serta evaluasi atas risiko-risiko yang berpotensi
mengganggu aktivitas bisnis, kelangsungan
usaha yang menyebabkan tidak tercapainya
tujuan Perseroan.
PANDANGAN PROSPEK USAHA
Pada masa mendatang, kondisi makroekonomi
diprediksi akan lebih baik dibanding tahun
2016 yang kemudian membawa pengaruh
positif terhadap pasar properti lebih atraktif.
Selain itu, sebagian dana repatriasi hasil
pengampunan pajak diprediksikan akan
terserap ke dalam industri properti.
Fokus usaha Perseroan pada pengembangan
beberapa proyek di beberapa kota seperti
Batam, Bandung, dan Bali, akan berdampak
positif. Oleh karena itu, kami menilai prospek
usaha yang disusun Direksi sangat baik
dan akan memberi dampak positif bagi
pertumbuhan bisnis Perseroan.
SUPERVISORY DUTY ON THE
IMPLEMENTATION OF STRATEGIC
POLICIES
During the reporting year, the Board of
Commissioners has continuously performed
supervisory and advisory duties to the Board of
Directors in the implementation of Company’s
strategic policies. Supervisory activity has
been carried out continuously both before
and after the implementation of strategic
policies for the sake of thorough evaluation.
By conducting continuous supervision, we
ensure that the Board of Directors has taken
into account all the relevant factors.
Furthermore, the Board of Commissioners
also ensures that the risk management system
implemented by the Company has been
well managed. The Company’s existing risk
management system functions to manage
risks through the stages of identification,
control, and evaluation of risks that have the
potential to disrupt business process and
sustainability as well as to cause failure in
achieving Company’s goals.
OPINION ON BUSINESS OUTLOOK
Macroeconomic condition in the following
years is estimated to be better than the 2016
condition which will certainly bring positive
impact on and improve the attractiveness
of property market. In addition, funds from
repatriation originated from tax amnesty
program have been predicted to be absorbed
by the property industry.
The Company’s business focus on the
development of several projects in Batam,
Bandung and Bali, will bring positive results.
Therefore, we assess that the business outlook
composed by the Board of Directors has been
quite comprehensive and thorough and will
impact positively on the Company’s business
growth.
32
PENERAPAN TATA KELOLA
Bagi kami, implementasi tata kelola perusahaan
yang baik atau Good Corporate Governance
merupakan elemen penting yang dibutuhkan
untuk mewujudkan Perseroan menjadi
perusahaan penyedia akomodasi hotel dan
properti terbaik yang mampu memberikan nilai
tambah bagi seluruh pemangku kepentingan.
Penerapan Good Corporate Governance
di lingkungan Perseroan mengarahkan dan
mengendalikan Perseroan agar sesuai dengan
harapan para pemangku kepentingan dan
pemegang saham, selaras dengan peraturan
dan perundang-undangan yang berlaku,
serta patuh pada norma-norma etika bisnis
yang berlaku secara universal dan tata nilai
Perseroan. Perseroan juga mengembangkan
struktur sistem Good Corporate Governance
yang dapat meningkatkan nilai Perseroan yang
kompetitif dan berkualitas.
Dalam rangka melakukan pengawasan
secara aktif kepada Direksi, Dewan Komisaris
telah dilengkapi dengan Komite Audit yang
membantu dalam melaksanakan fungsi dan
tanggung jawab. Sepanjang tahun 2016,
melaksanakan tugas dan tanggung jawab
sesuai dengan program kerja tahunan. Komite
Audit juga telah memberikan pendapat
secara profesional dan independen kepada
Dewan Komisaris mengenai laporan yang
disampaikan Direksi serta mengidentifikasi
hal-hal yang memerlukan perhatian Dewan
Komisaris. Komite Audit juga menelaah
laporan, informasi keuangan dan keterbukaan
informasi lainnya yang dikeluarkan Perseroan;
melakukan evaluasi manajemen risiko dan
sistem pengendalian internal; memberikan
masukan perihal penunjukkan Kantor Akuntan
Publik kepada Dewan Komisaris; bekerja sama
dengan Internal Audit; serta membantu Dewan
Komisaris dalam melakukan pengawasan
pelaksanaan tata kelola perusahaan yang baik.
Melangkah ke depan, Perseroan akan terus
menerapkan Good Corporate Governance
guna mencapai kinerja yang bertumbuh
serta meraih kepercayaan seluruh pemangku
kepentingan.
GOVERNANCE IMPLEMENTATION
For us, the implementation of Good Corporate
Governance is a vital element that is required
to realize the Company as the best provider
of accommodation and best properties
which are able to deliver added values for all
stakeholders. Good Corporate Governance
in the Company aims to steer and control the
Company to be in line with the expectation
of all stakeholders and shareholders, as well
as with the prevailing laws and regulation and
in compliance with the universally applicable
business ethics as well as Corporate Values.
The Company develops a Good Corporate
Governance structure and system that can
improve the Company’s competitive values
and quality.
In performing active supervision on the Board
of Directors, we have established an Audit
Committee that assists us in carrying out our
duties and responsibilities. Over the course
of 2016, the Audit Committee has performed
duties in accordance with the annual work
program. The Audit Committee has provided
professional and independent opinions to
the Board of Commissioners on reports
from the Board of Directors and identified
matters that require the attention of Board
of Commissioners. In addition, the Audit
Committee has reviewed financial statements,
information and other forms of information
disclosure by the Company; evaluated
the implementation of risk management
and internal control system; provided
recommendation on the appointment of
Public Accounting Firm to the Board of
Commissioners; cooperated with the Internal
Audit and assisted the Board of Commissioners
in supervising the implementation of Good
Corporate Governance. In the future, the
Company will continue to implement all Good
Corporate Governance principles in order to
attain sustainable performance and trusts of
all stakeholders.
33
PENERAPAN DAN PENGELOLAAN
WHISTLEBLOWING SYSTEM SERTA PERAN
DEWAN KOMISARIS
Perseroan memiliki sistem pelaporan
pelanggaran atau whistleblowing system
yang bertujuan untuk mendeteksi, mencegah,
dan menanggulangi setiap pelanggaran
yang terjadi. Sistem pelaporan pelanggaran
ini melibatkan seluruh karyawan sehingga
memberikan rasa aman bagi seluruh pihak
yang berinteraksi dengan Perseroan. Setiap
indikasi adanya pelanggaran, disampaikan
melalui media email atau surat tertulis kepada
Internal Audit dengan tembusan kepada
Human Resources. Perseroan juga akan
memberikan perlindungan terhadap pelapor.
Dalam whistleblowing system tersebut, Dewan
Komisaris mengambil peran penting dalam
memastikan penerapan dan pengelolaan
sistem tersebut telah berada pada jalur yang
tepat.
FREKUENSI DAN TATA CARA PEMBERIAN
NASIHAT KEPADA ANGGOTA DIREKSI
Sesuai Anggaran Dasar Perseroan, tata
cara pemberian nasihat kepada Direksi
dilaksanakan dalam Rapat Dewan Komisaris,
Rapat Gabungan Dewan Komisaris dengan
Direksi, serta melalui penyelenggaraan
Rapat Umum Pemegang Saham. Frekuensi
pelaksanaan rapat Dewan Komisaris merujuk
pada Peraturan OJK No. 33/POJK.04/2014
yang menetapkan bahwa Dewan Komisaris
mengadakan Rapat minimum satu kali dalam
dua bulan. Disamping ketentuan ini, rapat
Dewan Komisaris juga dapat diselenggarakan
setiap saat apabila diperlukan.
Sepanjang tahun 2016, kami telah
menyelenggarakan Rapat Umum Pemegang
Saham Tahunan sebanyak 1 (satu) kali
serta Rapat Umum Pemegang Saham Luar
Biasa sebanyak 2 (dua) kali yang mengatur
dan menyetujui diantaranya pengesahan
Laporan Tahunan Perseroan tahun buku
IMPLEMENTATION AND MANAGEMENT OF
WHISTLEBLOWING SYSTEM AS WELL AS
ROLE OF BOARD OF COMMISSIONERS
The Company has established a whistleblowing
system that aims to detect, prevent and
mitigate all forms of violation against
Company’s regulations. The Whistleblowing
system involves all employees; hence,
bringing security and safety for all parties
interacting with the Company. Each indication
of violation will be submitted through email or
written letter to the Internal Audit and Human
Resources Divisions. The Company protects
the confidentiality of whistleblower.
In the whistleblowing system, the Board
of Commissioners plays a significant role
in ensuring that the implementation and
management of the system has been proper.
FREqUENCY AND PROCEDURE OF
ADVISORY TO THE BOARD OF DIRECTORS
In line with the Company’s Articles of
Association, advisory function to the Board
of Directors is conducted in Board of
Commissioners’ meetings and Joint Meeting
of Board of Commissioners and Board of
Directors, and through the convention
of General Meeting of Shareholders.
Frequency of meeting of the Board of
Commissioners refers to OJK Regulation No.
33/POJK.04/2014 which stipulates that the
Board of Commissioners shall hold a meeting,
at the very least, bimonthly. Other than this
regulation, the Board of Commissioners can
hold a meeting at any time as necessary.
Over the course of 2016, we have convened 1
(one) Annual General Meeting of Shareholders
and 2 (two) Extraordinary General Meetings of
Shareholders which resolved and approved,
among others the 2015 Annual Report of
the Company, including Company’s activity
report, Supervisory Report of the Board of
34
2015, termasuk Laporan Kegiatan Perseroan,
Laporan Tugas Pengawasan Dewan Komisaris
dan Laporan Keuangan tahun buku 2015.
Selama tahun 2016, Rapat Dewan Komisaris
telah dilaksanakan sesuai Anggaran Dasar.
Pemberian nasihat kepada Direksi dilakukan
dalam rapat-rapat tersebut yang hasilnya
didokumentasikan dalam risalah rapat.
PERUBAHAN KOMPOSISI ANGGOTA
DEWAN KOMISARIS
Untuk lebih meningkatkan kinerja dalam
pelaksanaan tugas dan tanggung jawab, pada
tahun 2016 Perseroan melakukan perubahan
jabatan anggota Dewan Komisaris sebagai
berikut:
• Amelia Gozali sebelumnya menjabat
sebagai Wakil Presiden Komisaris, sekarang
menjabat sebagai Komisaris, dan
• Hadi Cahyadi sebelumnya menjabat
sebagai Komisaris Independen, sekarang
menjabat sebagai Wakil Presiden Komisaris
merangkap Komisaris Independen.
Commissioners, and Financial Statements
for 2015 fiscal year. Meetings of the Board of
Commissioners in 2016 have been conducted
in line with the Articles of Association and
advisory activities for the Board of Directors
have been performed in the meetings of which
the results are documented in the minutes of
meeting.
CHANGES IN THE COMPOSITION OF
BOARD OF COMMISSIONERS
To leverage performance in carrying out duties
and responsibilities, the Company changed
the composition of Board of Commissioners
in 2016 as follows:
• Amelia Gozali who previously held the post
of Vice President Commissioner, currently
serves as a Commissioner, and
• Hadi Cahyadi who previously held the post
of Independent Commissioner, currently
serves as Vice President Commissioner
cum Independent Commissioner.
35
Atas nama Dewan Komisaris,
On Behalf of Board of Commissioners,
Todo Sihombing
Presiden Komisaris merangkap Komisaris Independen
President Commissioner cum Independent Commissioner
APRESIASI
Dewan Komisaris optimis bahwa Perseroan
akan mampu terus meningkatkan kinerja
dengan selalu bekerja keras meningkatkan
pertumbuhan bisnis serta menerapkan prinsip-
prinsip Good Corporate Governance secara
konsisten. Dewan Komisaris menyampaikan
penghargaan dan terima kasih yang setinggi-
tingginya kepada seluruh anggota Direksi dan
seluruh karyawan atas kerja keras dan dedikasi
yang konsisten sepanjang tahun 2016.
Ucapan terima kasih dan penghargaan juga
kami sampaikan kepada pemegang saham,
pelanggan, mitra bisnis dan seluruh pemangku
kepentingan atas kepercayaan yang telah
diberikan.
APPRECIATION
The Board of Commissioners is optimistic that
the Company is able to continuously improve
its performance and work hard to grow the
business and implement Good Corporate
Governance principles in a consistent manner.
Board of Commissioners would like to extend
our highest gratitude to the Board of Directors
and all employees for their strong hard
work and dedication towards the Company
throughout the year. We would also like
to appreciate all shareholders, customers,
business partners and stakeholders for their
trusts given to the Company.
36
37
ProfilPerusahaan
Company Profile
38
Akses Informasidan Data PerseroanAccess of CompanyInformation and Data
Nama Perusahaan
Name of the CompanyPT Indonesian Paradise Property Tbk
Tanggal Pendirian
Date of Establishment14 June 1996
Bidang Usaha
Business Line
Penyediaan Akomodasi (Hotel)
Accommodation (Hotel)
Alamat Lengkap Perusahaan
Address of the Company
Centennial Tower
Lantai 30
Jl. Gatot Subroto Kav. 24 - 25
Jakarta 12930, Indonesia
Telp. (62-21) 2988 0466 Fax. (62-21) 2988 0460
Email. [email protected]
Tanggal Pencatatan Saham di Bursa Efek
Date of Share Listing on Stock Exchange1 December 2004
Kode Saham
Ticker CodeINPP
Modal Dasar
Authorized CapitalRp4.000.000.000.000
Modal Ditempatkan dan Disetor Penuh
Issued and Fully Paid CapitalRp1.118.197.173.200
Jumlah Saham yang Beredar
Total Outstanding Shares
11.181.971.732 lembar
11,181,971,732 shares
Total Aset 2016
Total Assets in 2016Rp5.155.753.396.983
39
Riwayat Singkat Perseroan
PT Indonesian Paradise Property Tbk berdiri
pada tanggal 14 Juni tahun 1996 dengan nama
PT Penta Karsa Lubrindo. Perseroan didirikan
berdasarkan Akta Pendirian No. 96 tanggal 14
Juni 1996 yang kemudian diubah dengan Akta
No. 42 tanggal 8 Januari 1997. Kedua akta
tersebut dibuat di hadapan Buntario Tigris
Darmawa, NG, SH, CN,. Notaris dari Jakarta
dan telah mendapatkan pengesahan dari
Menteri Kehakiman Republik Indonesia dalam
Surat Keputusan No. C2- 1030 HT.01.01.TH.97
tanggal 12 Februari 1997 serta diumumkan
dalam Berita Negara Republik Indonesia No.
21 tanggal 12 Maret 2002 Tambahan No. 2574.
Kemudian, Perseroan melakukan perubahan
nama menjadi PT Indonesian Paradise Property
Tbk berdasarkan Akta Berita Acara No. 4
Tanggal 6 Juli 2004 yang dibuat di hadapan
Robert Purba, SH,. dimana juga dilakukan
perubahan Anggaran Dasar Perseroan yang
disesuaikan dengan SK Bapepam No. Kep-
13/PM/1997 tentang pokok-pokok Anggaran
Dasar Perseroan yang melakukan Penawaran
umum Efek Ekuitas dan Perusahaan Publik.
Perubahan nama Perseroan disertai dengan
persetujuan penjualan saham, perubahan
susunan pengurus, maksud dan tujuan
Perseroan, serta Peningkatan Modal Dasar
Perseroan. Akta perubahan nama Perseroan,
telah diterima dan dicatat dalam Database
Sisminkum Direktorat Jenderal Administrasi
hukum umum Departemen Kehakiman
dan Hak Asasi Manusia Republik Indonesia
Brief History of the Company
PT Indonesian Paradise Property Tbk was
established on 14 June 1996 under the name
of PT Penta Karsa Lubrindo. The Company
was established pursuant to the Deed of
Establishment No. 96 dated 14 June 1996 and
later was amended by Deed No. 42 dated 8
January 1997. Both Deeds were prepared and
presented before Buntario Tigris Darmawa,
NG, SH, CN, Notary in Jakarta, and ratified
by the Minister of Justice of the Republic
of Indonesia through Decree No. C2-1030
HT.01.01.TH.97 dated 12 February 1997, which
was published in the State Gazette of the
Republic of Indonesia No. 21 dated 12 March
2002, Supplement to No. 2574. The Company
then changed its name to PT Indonesian
Paradise Property Tbk pursuant to Deed of
Minutes No. 4 dated 6 July 2004, prepared
and presented before Robert Purba, SH. An
ammendment was made for the Company’s
Articles of Association in accordance with
the Decree of Capital Market Supervisory
Board (Bapepam) No. Kep-13/PM/1997 on
the principals of Articles of Association of the
Company conducting Securities Equity Right
Issue and Public Companies.
The changing of Company’s name was
followed by the approval for the sales of
shares, reformation of management board,
revision in the Company’s purposes and
objectives and the Increase of the Company’s
Authorized Capital. The deed that stipulated
the Company’s name changing has been
received and recorded in the database of Legal
Entity Administration System, Department
SekilasPerseroanCompanyAt a Glance
40
dengan penerimaan Laporan Akta Perubahan
Anggaran Dasar No. C-17575 HT.01.04.
TH.2004 Tanggal 14 Juli 2004. Akta tersebut
juga telah mendapat persetujuan dari Menteri
Kehakiman dan Hak Asasi Manusia dengan
Surat Keputusan No. C-17194 HT.01.04.
TH.2004 Tanggal 12 Juli 2004 yang selanjutnya
diumumkan dalam Berita Negara Republik
Indonesia No. 89 Tanggal 5 November 2004
Tambahan Berita Negara No. 11041. Tanggal
efektif perubahan nama Perseroan adalah
pada tanggal 14 Juli 2004.
Anggaran Dasar Perseroan telah disesuaikan
dengan Undang-Undang No. 40 Tahun 2007
tentang Perseroan Terbatas dengan Akta No.
161 Tanggal 30 Juni 2008, dibuat di hadapan
Robert Purba, SH., Notaris di Jakarta dan telah
mendapat persetujuan dari Menteri Hukum
dan Hak Asasi Manusia Republik Indonesia
dengan Surat Keputusan No. AHU-70491.
AH.01.01 Tahun 2008 tanggal 6 Oktober 2008
yang selanjutnya diumumkan dalam Berita
Negara Republik Indonesia No. 40 Tanggal 19
Mei 2009 Tambahan 13231.
Anggaran Dasar Perseroan mengalami
perubahan beberapa kali dan disesuaikan
dengan ketentuan Otoritas Jasa Keuangan
dengan Akta Pernyataan Keputusan Rapat No.
144, tanggal 12 Juni 2015, dibuat di hadapan
Dr. Irawan Soerodjo, SH., MSi., Notaris di
Jakarta; yang telah memperoleh persetujuan
dari Menteri Hukum dan Hak Asasi Manusia
Republik Indonesia dengan Keputusan No.
AHU-0937288.Ah.01.02.Tahun 2015, tanggal
15 Juni 2015; dan diberitahukan dengan
Penerimaan Pemberitahuan No. AHU-
AH.01.03-0941518, tanggal 15 Juni 2015;
dan terakhir diubah dengan Akta Pernyataan
Keputusan Rapat No. 206, tanggal 22
September 2015, dibuat di hadapan Dr. Irawan
Soerodjo, SH., MSi., Notaris di Jakarta; yang
telah memperoleh persetujuan dari Menteri
of Justice and Human Rights of the Republic
of Indonesia with the receipt of the Report
on the Change of the Company’s Articles of
Association No. C-17575 HT.01.04.TH.2004
dated 14 July 2004. The change of the Articles
of Association Deed has been approved by
the Minister of Justice and Human Rights of
the Republic of Indonesia by virtue of Decree
No. C-17194 HT.01.04.TH.2004 dated 12 July
2004, which was accordingly published in the
State Gazette of the Republic of Indonesia No.
89 dated 5 November 2004, Supplement to
State Gazette No. 11041. The effective date
on the Company’s name changing was 14 July
2004.
The Company’s Articles of Association was
initially adjusted with the Law No. 40 of 2007
on Limited Liability Companies under Deed
No. 161 dated 30 June 2008, drawn up before
Robert Purba, SH., Notary in Jakarta and
ratified by the Minister of Justice and Human
Rights of the Republic of Indonesia under
Decree No. AHU-70491.AH.01.01 of 2008
dated 6 October 2008, and published in the
State Gazette of the Republic of Indonesia No.
40 dated 19 May 2009, Supplement to 13231.
The Company’s Articles of Association had
been amended several times, whereby had
been adjusted with the provision of the
Financial Service Authority by virtue of Deed
of Statement of Meeting Resolution No.
144, dated 12 June 2015, made before Dr.
Irawan Soerodjo SH., Msi., Notary in Jakarta;
which had been approved by the Minister of
Justice and Human Rights of the Republic of
Indonesia through Decree No. AHU-0937288.
AH.01.02.TAHUN 2015, dated 15 June 2015;
and had been notified through Notification
Receipt No. AHUAH.01.03-0941519, dated
15 June 2015; and last amended by virtue of
Deed of Statement of Meeting Resolution
No. 206, dated 22 September 2015, made
before Dr. Irawan Soerodjo SH., Msi., Notary
in Jakarta; which had been approved by the
41
Hukum dan Hak Asasi Manusia Republik
Indonesia dengan Keputusan No. Penerimaan
Pemberitahuan Perubahan Anggaran Dasar
No. AHU-AH.01.03-0967133, tanggal 23
September 2015.
Pernyataan Pendaftaran Perseroan sebagai
Perusahaan Publik dinyatakan efektif oleh
Badan Pengawas Pasar Modal (Bapepam) pada
tanggal 21 September 2004 dengan surat
No. S-2970/PM/2004. Kemudian, Perseroan
mencatatkan sahamnya di Bursa Efek Surabaya
pada tanggal 1 Desember 2004. Merger antara
Bursa Efek Surabaya dan Bursa Efek Jakarta
menjadi Bursa Efek Indonesia pada tanggal 1
Desember 2007 membuat saham Perseroan
secara otomatis juga tercatat di Bursa Efek
Indonesia.
Informasi pada Website Perseroan
Perseroan menyediakan website sebagai
sarana informasi yang efektif atas kinerja
Perseroan melalui portal Perseroan di www.
theparadise-group.com. Dalam website ter–
sebut, Perseroan memberikan informasi
antara lain meliputi Profil Perusahaan, Visi dan
Misi, Portofolio, Struktur Grup Perusahaan,
Laporan Keuangan dan Laporan Tahunan,
informasi pemegang saham sampai dengan
pemilik akhir individu, Kode Etik, Informasi
Rapat Umum Pemegang Saham, Profil Dewan
Komisaris dan Direksi, Piagam/Charter Dewan
Komisaris, Direksi, Komite-komite, dan
Internal Audit, serta informasi lainnya. Tujuan
utama pembuatan website tersebut adalah
untuk menjunjung tinggi aspek keterbukaan
informasi bagi seluruh Pemangku Kepentingan.
VISI, MISI DAN NILAI-NILAI PERSEROAN
Visi
Selalu berupaya untuk unggul dalam
pengembangan properti melalui pencapaian
yang inovatif dan kreatif.
Minister of Justice and Human Rights of the
Republic of Indonesia through Decree of
notification Receipt of Changes to the Articles
of Association No. AHU-AH.01.03-0967133,
dated 23 September 2015.
The statement of the Company’s registration
as Public Company was deemed effective
by the Capital Market Supervisory Board
(Bapepam) on 21 September 2004, under letter
No. S-2970/PM/2004. Based on the letter,
the Company listed its shares on Surabaya
Stock Exchange on 1 December 2004. With
the merger of Surabaya Stock Exchange
and Jakarta Stock Exchange into Indonesia
Stock Exchange on 1 December 2007, the
Company’s shares were automatically listed
on Indonesia Stock Exchange.
Information on Company Website
The Company provides a website as an
effective medium for information on the
Company’s performance at www.theparadise-
group.com. On the website, the Company
provides information on Company Profile,
Vision and Mission, Portfolio, Company’s
Group Structure, Financial Statements and
Annual Reports, information on shareholders
until the individual beneficiary owners, Code
of conduct, Information on General Meeting
of Shareholders (GMS), Profiles of Board
of Commissioners and Board of Directors,
Charters of Board of Commissioners, Board
of Directors, Committees, Internal Audit
Units and other information. The primary
goal of this website is to uphold the aspect of
information disclosure and transparency for
all Stakeholders
VISION, MISSION AND VALUES OF
THE COMPANY
Vision
Striving for excellence in property
development through innovative and creative
achievements.
42
Misi
• Menciptakan lingkungan kerja yang dapat
memotivasi para individu dalam Perseroan
untuk bisa memunculkan ide-ide yang inovatif
dan kreatif.
• Mengembangkan produk-produk inovatif
yang didukung oleh pelayanan yang unggul.
• Memberikan kepuasan kepada siapa s aja
yang memiliki kepentingan terhadap
Perusahaan (stakeholders).
Visi dan Misi Perseroan telah diketahui dan
disetujui oleh Direksi dan Dewan Komisaris.
Nilai-Nilai Perseroan
Perusahaan dikelola secara professional
oleh individu-individu yang mempunyai high
commitment dan passion terhadap masing-
masing tugasnya serta mengutamakan
teamwork di atas kemampuan individual.
KEUNGGULAN KOMPETITIF
Perseroan merupakan salah satu pengembang
hotel dan iconic lifestyle destination yang
telah bertahan lebih dari satu dasawarsa
menerapkan langkah-langkah yang konsisten
untuk dapat bersaing diantara banyaknya
pesaing di industri perhotelan nasional.
Perseroan juga dihadapkan pada semakin
ketatnya aturan pemerintah dan keterbatasan
lahan. Dengan demikian, penerapan strategi
yang tepat sangat dibutuhkan Perseroan
untuk dapat bertahan dan bersaing, sehingga
dapat meningkatkan keunggulan kompetitif
Perseroan di industri perhotelan.
Di sisi lain seluruh kegiatan operasional
Perseroan harus dapat meningkatkan
efisiensi operasional serta mampu mengatasi
hambatan dan ancaman yang dihadapi.
Dengan menganalisis strategi apa yang dapat
diterapkan Perseroan dalam menghadapi
permasalahan yang telah disebutkan,
Mission
• Creating a working environment which
is able to motivate individuals within the
Company to emerge their innovative and
creative ideas.
• Developing innovative products supported
by excellent service.
• Giving satisfaction to the Stakeholders.
The Company’s Vision and Mission have been
acknowledged and approved by the Board of
Directors and Board of Commissioners.
Corporate Values
The Company is professionally managed
by individuals with high commitment and
passion towards their duties and prioritizes on
teamwork over individual capabilities.
COMPETITIVE ExCELLENCE
The Company is one of the developers of
hotel and iconic lifestyle destination with
years of experience. During that period, the
Company has consistently implemented
various strategies in order to compete with
other domestic players in hospitality industry.
The Company also faces other challenges
in the form of government regulations that
have become stricter as well as the limited
availability of land. Thus, proper and accurate
strategy implementation is highly required
by the Company to sustain its business and
compete with other similar companies so
as to enhance its competitive excellence in
hospitality industry.
On the other hand, all operational activities
of the Company shall have to be able to
leverage its efficiency and overcome various
challenges and threats. By analyzing the
strategy to be implemented to face the
challenges, the Company shall also capable
of analyzing whether the applied strategy will
43
Perseroan juga dapat menganalisis apakah
strategi yang diterapkan tersebut membuat
Perseroan dapat meningkatkan keunggulan
bersaing.
BIDANG USAHA
Kegiatan Usaha Berdasarkan Anggaran Dasar
Terakhir serta Kegiatan Usaha yang Dijalankan
Berdasarkan Anggaran Dasar terakhir, yakni
Akta Pernyataan Keputusan Rapat No. 271
Tanggal 24 Juni 2011 yang dibuat oleh Dr.
Irawan Soerodjo, SH, MSi., Notaris di Jakarta
dan telah disetujui oleh Menteri Hukum dan
Hak Asasi Manusia Republik Indonesia dengan
keputusan No. AHU-41199.AH.01.02 Tahun
2011 tanggal 15 Agustus 2011 menyebutkan
bahwa Perseroan bergerak dalam bidang
penyediaan akomodasi (hotel). Bidang usaha
Perseroan tersebut telah dicantumkan dalam
bring advantages and advance its competitive
edge.
LINE OF BUSINESS
Business Activity Based on the Most Recent
Articles of Association and Activity Conducted
Based on the most recent Articles of
Association, namely the Deed of Meeting
Decision No. 271 dated 24 June 2011, prepared
and presented before Dr. Irawan Soerodjo,
SH, Msi., Notary in Jakarta and approved by
the Minister of Justice and Human Rights of
the Republic of Indonesia under Decree No.
AHU-41199.AH.01.02 of 2011 dated 15 August
2011, the Company is engaged in the provision
of accommodation (hotel) service. The
Company’s line of business has been stated
44
Daftar Perseroan No. AHU-0067558.AH.01.09
Tahun 2011 tanggal 15 Agustus 2011 mengenai
Perubahan Pasal 3 yaitu Maksud dan Tujuan
serta Kegiatan usaha.
Jasa yang Dihasilkan
Perseroan senantiasa melakukan langkah-
langkah strategis guna mewujudkan visi, misi,
serta menjadi salah satu perusahaan properti
terkemuka di Indonesia. Salah satunya adalah
dengan mengembangkan bisnis yang tidak
hanya dalam perhotelan tetapi juga, lifestyle
mall, gedung perkantoran dan beberapa
properti lainnya.
Unit Usaha
Informasi mengenai unit-unit usaha Perseroan
yang telah beroperasi per 31 Desember 2016
adalah sebagai berikut:
BALI:
• HARRIS Hotel Tuban – Bali
• HARRIS Resort Kuta Beach – Bali
• beachwalk Shopping Center – Bali
• Sheraton Bali Kuta Resort – Bali
• Park23 Entertainment Center – Bali
• Maison Aurelia Sanur – Bali
JAKARTA:
• Wisma Millenia – Jakarta
• HARRIS Hotel Tebet – Jakarta
• HARRIS Suites fX Sudirman – Jakarta
• Cikini Gold Center – Jakarta
• Plaza Indonesia Shopping Center – Jakarta
• Grand Hyatt – Jakarta
• fX Sudirman – Jakarta
• Keraton at the Plaza Hotel
The Luxury Collection – Jakarta
• The Plaza Office Tower – Jakarta
BATAM:
• HARRIS Hotel Batam Center – Batam
• HARRIS Resort Waterfront – Batam
YOGYAKARTA:
• POP! Hotel Sangaji - Yogyakarta
in the Company Registry No. AHU-0067558.
AH.01.09 of 2011 dated 15 August 2011,
concerning Amendment of Article 3 about
Business Purposes, Objectives and Activities.
Services
The Company continues to carry out strategies
measures to manifest its vision and mission,
as well as goal to become one of the leading
property companies in Indonesia. One of the
strategies conducted is business development
that is not only in regard to hospitality field,
but also office building, lifestyle mall and other
properties.
Business units
Information on the Company’s business units
that have been operating as per 31 December
2016 is as follows:
BALI:
• HARRIS Hotel Tuban – Bali
• HARRIS Resort Kuta Beach – Bali
• beachwalk Shopping Center – Bali
• Sheraton Bali Kuta Resort – Bali
• Park23 Entertainment Center – Bali
• Maison Aurelia Sanur – Bali
JAKARTA:
• Wisma Millenia – Jakarta
• HARRIS Hotel Tebet – Jakarta
• HARRIS Suites fX Sudirman – Jakarta
• Cikini Gold Center – Jakarta
• Plaza Indonesia Shopping Center – Jakarta
• Grand Hyatt – Jakarta
• fX Sudirman – Jakarta
• Keraton at the Plaza Hotel
The Luxury Collection – Jakarta
• The Plaza Office Tower – Jakarta
BATAM:
• HARRIS Hotel Batam Center – Batam
• HARRIS Resort Waterfront – Batam
YOGYAKARTA:
• POP! Hotel Sangaji - Yogyakarta
45
46
StrukturOrganisasiOrganizationStructure
ALEXANDER
ANTHONY
W
AGOES
47
ProfilDireksiBoard of Directors Profile
Agoes Soelistyo Santoso
Presiden Direktur, 55 tahun
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.
Agoes Soelistyo Santoso
President Director, 55 years old
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 Director at several companies
under The Paradise Group since 2000.
48
Diangkat pertama kali sebagai Presiden
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 Presiden
Direktur berdasarkan Akta Pernyataan
Keputusan Rapat Nomor 144 Tanggal 12
Juni 2015 yang dibuat di hadapan Dr. Irawan
Soerodjo, SH, MSi dengan Penerimaan
Pemberitahuan Perubahan Data Perseroan
No. AHU-AH.01.03-0941519 Tanggal 15 Juni
2015.
Selain menjabat sebagai Presiden Direktur
Perseroan, beliau juga Direktur beberapa
entitas anak dan afiliasi Perseroan, yaitu
PT Indonesian Paradise Island, PT Java
Paradise Island, PT Eka Ilalang Suryadinamika,
dan Direktur Utama PT Kega Property Utama.
Hubungan Afiliasi:
Agoes Soelistyo Santoso tidak memiliki
hubungan afiliasi dengan anggota Direksi dan
anggota Dewan Komisaris lainnya maupun
Pemegang Saham Utama Perseroan.
He was appointed as the President Director
of the Company for the first time pursuant to
the Deed of Meeting Resolution No. 1 dated
1 June 2005, prepared and presented before
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,
he was reappointed as the President Director
pursuant to the Deed of Meeting Resolution
No. 144 dated 12 June 2015 prepared and
presented before Dr. Irawan Soerodjo, SH,
MSi, with the Receipt of Notification of Data
Change No. AHU-AH.01.03-0941519 dated 15
June 2015.
In addition to serving as President Director, he
serves as a Director at several Company’s sub–
sidiaries and affiliates, namely PT Indonesian
Paradise Island, PT Java Paradise Island and PT
Eka Ilalang Suryadinamika, and as a President
Director at PT Kega Property Utama.
Affiliation:
Agoes Soelistyo Santoso has no affiliation
with members of Board of Directors, Board
of Commissioners and the Company’s main
Shareholders
Anthony Prabowo Susilo
Wakil Presiden Direktur, 32 tahun
Warga Negara Indonesia, lahir pada tanggal
24 April 1984. Berdomisili di Indonesia.
Meraih gelar Bachelor of Science in Business
Administration Concentration in Finance
and Accounting dari Georgetown University,
Washington D.C., USA. Menjabat sebagai Vice
President di PT Principia Management Group
tahun 2008 – 2015, Vice President of Business
Development di PT Cardig Air tahun 2008
Anthony Prabowo Susilo
Vice President Director, 32 years old
An Indonesian citizen, born on April 24, 1984
and currently lives in Indonesia. He obtained
his Bachelor of Science degree, majoring in
Business Administration Concentration in
Finance and Accounting from Georgetown
University, Washington D.C., USA. Prior to
serving his current position, he held the post
of Vice President of PT Principia Management
Group in 2008 – 2015, Vice President of
49
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 dan PT Padma Suasa, dan 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.
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.
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, prepared and presented
before Simon Yos Sudarso, S.H., LL.M., with
Receipt of Notification of Data Change No.
AHU-AH.01.03-0063183. He also serving as
a Director at several Company's subsidiaries,
namely PT Segara Biru Kencana, PT Padma
Suasa, and President Director at PT Retzan
Indonusa.
Affiliation:
Anthony Prabowo Susilo has no affiliation
with members of Board of Directors and the
Company’s Main Shareholders; however,
he is affiliated with a member of Board of
Commissioners of the Company, Amelia
Gozali.
– 2015, Director di PT Nusantara Steelmills
Indonesia tahun 2012 – 2015, Associate di
Altus Shipping & Logistics Pte. Ltd. (Singapore)
tahun 2011 – 2013, Director di PT Gorda Prima
Steelworks tahun 2012 – 2015, serta Director
di PT Sitasa Energi tahun 2013 – 2015.
50
Alexander Nartates Nartates
Direktur, 62 tahun
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 Head of Business
Development and Investor Relations di PT
Indonesian Paradise Property Tbk pada tahun
2015 hingga sekarang.
Diangkat pertama kali sebagai 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.
Hubungan Afiliasi:
Alexander Nartates Nartates tidak memiliki
hubungan afiliasi dengan anggota Direksi dan
anggota Dewan Komisaris lainnya maupun
Pemegang Saham Utama Perseroan.
Alexander Nartates Nartates
Director, 62 years old
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 Head of Business Development and
Investor Relations at PT Indonesian Paradise
Property Tbk (2015-present).
He was appointed as a Director of the
Company for the first time pursuant to the
Deed of Meeting Resolution No. 15 dated 10
June 2016, prepared and presented before
Simon Yos Sudarso, S.H., LL.M., with Receipt
of Notification of Data Change No. AHU-
AH.01.03-0063183.
Affiliation:
Alexander Nartates has no affiliation with
members of Board of Directors, Board of
Commissioners and the Company’s main
Shareholders.
51
Patrick Santosa Rendradjaja
Direktur, 58 tahun
Warga Negara Indonesia, lahir di Banjarmasin
pada tanggal 9 Januari 1959. Berdomisili di
Indonesia. Mendapat gelar Master of Science
in Architecture dari Delft Technical University,
Netherland tahun 1986. Dalam kurun waktu
tahun 1989 – 2000 bekerja sebagai arsitek
di Atelier 6 Group, Jakarta dan Project
Coordinator Lippo City Development, Jakarta;
Ometraco Realty, Jakarta; serta Bentala
Sanggrahan Group, Jakarta. Sejak tahun
1999 menjabat sebagai Direktur di berbagai
perusahaan di bawah The Paradise Group.
Diangkat pertama kali sebagai Direktur
Perseroan berdasarkan Akta Pernyataan
Keputusan Rapat Nomor 1 Tanggal 1 Juni
Patrick Santosa Rendradjaja
Director, 58 years old
An Indonesian citizen, born in Banjarmasin on
9 January 1959 and currently lives in Indonesia.
He graduated with a Master of Science degree
in Architecture from Delft Technical University
– the Netherlands in 1986. 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.
He was appointed as a Director of the
Company for the first time pursuant to the
Deed of Meeting Resolution No. 1 dated 1
52
Diana Solaiman
Director, 47 years old
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, prepared and presented before
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,
Diana Solaiman
Direktur, 47 tahun
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.
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.
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
berdasarkan Akta Pernyataan Keputusan
Rapat Nomor 144 Tanggal 12 Juni 2015 yang
dibuat di hadapan Dr. Irawan Soerodjo, SH,
MSi dengan Penerimaan Pemberitahuan
Perubahan Data Perseroan No. AHU-
AH.01.03-0941519 Tanggal 15 Juni 2015.
Beliau juga menjadi Direktur untuk beberapa
entitas anak Perseroan yaitu PT Indonesian
Paradise Island, PT Kega Property Utama dan
PT Anugerah Nusaraya.
Hubungan Afiliasi:
Patrick Santosa Rendradjaja tidak memiliki
hubungan afiliasi dengan anggota Direksi dan
anggota Dewan Komisaris lainnya maupun
Pemegang Saham Utama Perseroan.
June 2005, prepared and presented before
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,
he was reappointed as a Director pursuant
to the Deed of Meeting Resolution No. 144
dated 12 June 2015 prepared and presented
before Dr. Irawan Soerodjo, SH, MSi, with the
Receipt of Notification of Data Change No.
AHU-AH.01.03-0941519 dated 15 June 2015.
He currently also serves as a Director at PT
Indonesian Paradise Island, PT Kega Property
Utama and PT Anugerah Nusaraya, subsidiaries
of the Company.
Affiliation:
Patrick Santosa Rendradjaja has no affiliation
with members of Board of Directors, Board
of Commissioners and the Company’s main
Shareholders.
53
she was reappointed as a Director pursuant
to the Deed of Meeting Resolution No. 144
dated 12 June 2015 prepared and presented
before Dr. Irawan Soerodjo, SH, MSi, with the
Receipt of Notification of Data Change No.
AHU-AH.01.03-0941519 dated 15 June 2015.
She currently also serves at several Company's
subsidiaries, namely PT Indonesian Paradise
Island and PT Retzan Indonusa, she also serves
as Director of PT Grahatama Kreasibaru.
Affiliation:
Diana Solaiman is a Director at PT Grahatama
Kreasibaru which is the Company’s Controlling
Shareholder.
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 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.
54
55
Todo Sihombing
Presiden Komisaris
merangkap Komisaris Independen, 76 tahun.
Warga Negara Indonesia, lahir di Pematang
Siantar pada tanggal 23 Februari 1941.
Berdomisili di Indonesia. Menempuh
pendidikan di Akademi Militer Nasional
pada tahun 1961 – 1964. Pada 1976 -1977
Todo Sihombing
President Commissioner
cum Independent Commissioner, 76 years old
An Indonesian citizen, born in Pematang
Siantar on 23 February 1941 and currently
lives in Indonesia. He studied at the National
Military Academy in 1961 – 1964, at the Army
Command and Staff School (SESKOAD) in
ProfilDewanKomisarisBoard ofCommissionersProfile
56
menempuh pendidikan SESKOAD, selanjutnya
menempuh pendidikan SESKOGAB pada tahun
1981. Pada tahun 1987 menempuh pendidikan
LEMHANAS, dan tahun 1992 menyelesaikan
pendidikan di Defense Resources Management
Course (DRMC). Beliau mengawali kariernya
pada tahun 1965 di dunia militer dengan
pangkat terakhir Mayor Jenderal TNI sampai
dengan tahun 1997. Pada tahun 1994 –
1995 menjabat sebagai Koordinator Staf Ahli
Panglima ABRI. Tahun 1995 – 1997 menjabat
sebagai Wakil Ketua Fraksi TNI DPR RI
Koordinator Bidang umum.
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 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.
1976 – 1977 and at the Integrated Staff and
Command College (SESKOGAB) in 1981. In
1987, he graduated from the National Defense
Institute (LEMHANAS) and in 1992 from the
Defense Resources Management Course
(DRMC). He started his career at the military in
1965, holding the latest rank as Major General
of National Military (TNI) in 1997. He served
as an Expert Staff Coordinator of Indonesian
Military Commander in 1994 – 1995, and as
a Deputy Chairman for Indonesian Military
Fraction, General Affairs Coordinator, at the
House of Representatives (DPR RI) in 1995 –
1997.
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, prepared and presented before
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, 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.
57
Hadi Cahyadi
Wakil Presiden Komisaris merangkap Komisaris
Independen, 51 tahun
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
Hadi Cahyadi
Vice President Commissioner cum
Independent Commissioner, 51 years old
An Indonesian citizen, born in Teluk Betung on
July 2, 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 latest position
was as a Partner in Management Consultant
58
and Financial Advisory Services, Prijohandojo,
Boentoro & Co. (PB&Co) sebelum akhirnya
mendirikan Helios Capital.
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 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.
and Financial Advisory Services, Prijohandojo,
Boentoro & Co. (PB&Co) prior to establishing
Helios Capital.
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, prepared and
presented before 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.
Amelia Gozali
Commissioner, 32 years old
An Indonesian citizen, born in Singapore on
March 6, 1985 and currently lives in Indonesia.
She graduated with a Bachelor of Business
Administration degree, Marketing – Honors,
from University of Southern California,
Marshall School of Business, Los Angeles, CA
in 2006. She 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
Amelia Gozali
Komisaris, 32 tahun
Warga Negara Indonesia, lahir di Singapura
pada tanggal 6 Maret 1985. Berdomisili di
Indonesia. Mendapatkan gelar Bachelor of
Business Administration, Marketing – Honors
dari University of Southern California, Marshall
School of Business, Los Angeles, CA tahun
2006. Mengawali karir tahun 2004 – 2005
sebagai Marketing di Starbucks, Jakarta;
Phelps Group, Santa Monica, CA; dan World
Harvest, Arcadia, CA. tahun 2006 -2007
bekerja di Merril Lynch, Global Private Wealth
Management, Beverly Hills, Los Angeles. Pada
tahun 2007 – 2008, menjabat Business Analyst
59
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.
She was appointed as the Vice President
Commissioner of the Company for the
first time pursuant to the Deed of Meting
Resolution No. 75 dated 25 May 2010,
prepared and presented before Robert Purba,
SH., Notary in Jakarta, with the Receipt
of Notification of Data Change No. Ahu-
Ah.01.10-13275 dated 1 June 2010. Then, she
was reappointed as a Commissioner pursuant
to the Deed of Meeting Resolution No. 144
dated 12 June 2015 prepared and presented
di A.T. Kearney Consultants, Jakarta. Sejak
tahun 2014 menjabat CEO PT Pop Properti
Indonesia yang bergerak di bidang manajemen
ritel properti.
Diangkat pertama kali sebagai Wakil Presiden
Komisaris Perseroan berdasarkan Akta
Pernyataan Keputusan Rapat Nomor 75
Tanggal 25 Mei 2010 yang dibuat di hadapan
Robert Purba, SH., Notaris di Jakarta dengan
Penerimaan Pemberitahuan Perubahan Data
No. AHU-AH.01.10-13275 Tanggal 1 Juni 2010.
Kemudian diangkat kembali sebagai Komisaris
berdasarkan Akta Pernyataan Keputusan Rapat
Nomor 144 Tanggal 12 Juni 2015 yang dibuat di
hadapan Dr. Irawan Soerodjo, SH, MSi dengan
60
Penerimaan Pemberitahuan Perubahan
Data Perseroan No. AHU-AH.01.03-0941519
Tanggal 15 Juni 2015.
Hubungan Afiliasi:
Amelia Gozali adalah Pemegang Saham
PT Grahatama Kreasibaru yang merupakan
Pemegang Saham Pengendali Perseroan.
Amelia Gozali juga memiliki hubungan afiliasi
dengan salah satu anggota Direksi, yaitu
Anthony Prabowo Susilo.
before Dr. Irawan Soerodjo, SH, MSi, with the
Receipt of Notification of Data Change No.
AHU-AH.01.03-0941519 dated 15 June 2015.
Affiliation:
Amelia Gozali is a Shareholder of PT Grahatama
Kreasibaru which is the Company’s Controlling
Shareholder. Amelia Gozali also has affiliation
with one member of Board of Directors which
is Anthony Prabowo Susilo.
Karel Patipeilohy
Komisaris, 59 tahun
Warga Negara Indonesia, lahir di Jakarta
pada tanggal 19 Maret 1958. Berdomisili di
Indonesia. Pada tahun 1979 -1998 menjabat
sebagai Operation Manager PT Schlumberger
Geophisic Nusantara dan PT Ometraco Realty.
Tahun 1998 – 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.
Diangkat pertama kali sebagai Komisaris
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 Komisaris
berdasarkan Akta Pernyataan Keputusan Rapat
Nomor 144 Tanggal 12 Juni 2015 yang dibuat di
hadapan Dr. Irawan Soerodjo, SH, MSi dengan
Karel Patipeilohy
Commissioner, 59 years old
An Indonesian citizen, born in Jakarta on March
19, 1958 and currently lives in Indonesia. 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.
He was appointed as a Commissioner of the
Company for the first time pursuant to the
Deed of Meting Resolution No. 1 dated 1
June 2005, prepared and presented before
Robert Purba, SH., Notary in Jakarta, with the
Receipt of Notification of Data Change No.
C- M.02.01.7973 dated 9 June 2005. Then, he
was reappointed as a Commissioner pursuant
to the Deed of Meeting Resolution No. 144
dated 12 June 2015 prepared and presented
before Dr. Irawan Soerodjo, SH, MSi, with
61
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.
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 and PT Graha Pradipta Pratama.
Affiliation:
Karel Patipeilohy is a Commissioner of PT
Grahatama Kreasibaru which is the Company’s
Controlling Shareholder.
62
PERNYATAAN INDEPENDENSI KOMISARIS
INDEPENDEN
Selaras dengan penerapan praktik tata kelola
perusahaan yang baik, Komisaris independen
dipilih secara transparan dan independen,
memiliki integritas dan kompetensi yang
memadai, bebas dari pengaruh yang
berhubungan dengan kepentingan pribadi
atau pihak lain, serta dapat bertindak secara
objektif dan independen dengan berpedoman
pada prinsip-prinsip Good Corporate
Governance.
PENDIDIKAN DAN PELATIHAN DIREKSI,
DEWAN KOMISARIS, KOMITE AUDIT,
SEKRETARIS PERUSAHAAN, DAN INTERNAL
AUDIT
Pendidikan dan Pelatihan Direksi, Dewan
Komisaris, dan Komite Audit
Secara khusus, Perseroan tidak mem–
programkan pelatihan baik untuk Dewan
Komisaris dan Direksi. Namun untuk tetap
INDEPENDENCY STATEMENT OF
INDEPENDENT COMMISSIONER
In line with the implementation of good
corporate governance practices, the
Company’s Independent Commissioners
have been appointed through a transparent
and independent procedure. All Independent
Commissioners has integrity and adequate
competence, is free from any influence
related to the personal as well as other party’s
interest, and is capable of acting objectively
and independently by referring to the Good
Corporate Governance principles.
EDUCATION AND TRAINING PROGRAMS
FOR THE BOARD OF DIRECTORS, BOARDS
OF COMMISSIONERS, AUDIT COMMITTEE,
CORPORATE SECRETARY AND INTERNAL
AUDIT
Education and Training Programs
for the Board of Directors, Board of
Commissioners and Audit Committee
The Company has no specific training
programs for the Board of Commissioners
63
mendapatkan informasi dan perkembangan
terkini, Dewan Komisaris dan Direksi secara
aktif mengikuti berbagai seminar baik didalam
maupun luar negeri yang relevan dengan
bidang usaha Perseroan maupun keahlian
masing-masing anggota.
Program Pendidikan dan Pelatihan
Sekretaris Perusahaan 2016
Informasi mengenai program pendidikan
dan pelatihan Sekretaris Perusahaan sebagai
berikut:
Program Pendidikan dan Pelatihan
Internal Audit
Secara khusus, Perseroan tidak
memprogramkan pelatihan untuk Internal
Audit. Namun, untuk tetap mendapatkan
informasi dan perkembangan terkini, Internal
Audit secara aktif mengikuti berbagai seminar
baik di dalam maupun luar negeri yang relevan
dengan bidang usaha Perseroan maupun
keahlian masing-masing anggota.
and Board of Directors; however, to keep
abreast of the most recent information and
development, the Board of Commissioners
and Board of Directors actively participate in
several seminars, both domestic and overseas,
that are relevant to the Company’s business as
well as expertise of each Commissioner and
Director.
Education and Training Programs for
Corporate Secretary in 2016
Information on education and training
programs for the Corporate Secretary is as
follows:
Education and Training Programs for
Internal Audit
In specific, the Company does not prepare
training programs for the Internal Audit;
however, to keep abreast of the most recent
information and development, the Internal
Audit actively participates in several seminars,
both domestic and overseas, that are relevant
to the Company’s business as well as expertise
of each auditor.
Tanggal / Date Materi / MaterialPenyelenggara
/ Organizer
27 Januari 2016 / January 27, 2016
Sosialisasi Surat Edaran Otoritas Jasa Keuangan (OJK) No. 32 tentang Pedoman Tata Kelola Perusahaan Terbuka / Dissemination of the Circular Letter of Financial Services Authority (OJK) No. 32 on the Guidelines for Governance of Public Companies
Indonesia Corporate Secretary
Association
1 April 2016 / April 1, 2016
Menyikapi Hasil Judicial Review Mahkamah Konstitusi No. 7 Tahun 2014 yang berimplikasi pada kebijakan PKWT, Outsourcing dan PHK, serta isu ketenagakerjaan akibat kesepakatan Masyarakat Ekonomi ASEAN / Addressing the Result of Judicial Review of the Constitutional Court No. 7 of 2014 which has an implication on the policies of PKWT, Outsourcing and Termination of Work Contract (PHK), and workforce issue due to the agreement of ASEAN Economic Community
31 Mei 2016 / May 31, 2016
POJK No. 8 Tahun 2015 tentang Website / POJK No. 8 of 2015 on Website
3 Agustus 2016 / August 3, 2016
Pemahaman Mekanisme Pasar Modal Indonesia / Understanding the Mechanism of Indonesian Capital Market
5 September 2016 / September 5, 2016
Peran Internal Audit dalam Good Corporate Governance / The Role of Internal Audit in Good Corporate Governance
5 Oktober 2016 / October 5, 2016
Sosialisasi Hukum Persaingan Usaha di Indonesia, how to comply with the competition law & regulation / Dissemination of the Business Competition Law in Indonesia, how to comply with the competition law & regulation
64
Internal Audit juga telah memiliki kualifikasi
dan sertifikasi seperti Chartered Accountant
(CA) dari Ikatan Akuntan Indonesia, tahun
2014 dan Certified Professional Auditor of
Indonesia (CPAI) dari Institut Akuntan Publik
Indonesia, tahun 2015.
ENTITAS ANAK PERUSAHAAN/PERUSAHAAN ASOSIASI / SUBSIDIARY/ASSOCIATE ENTITIES
per 31 Desember 2016 / as of 31 December 2016
Internal Audit of the Company also has
various qualifications and certifications
such as the Chartered Accountant (CA) from
the Indonesian Institute of Accountant, of
2014 and Certified Professional Auditor of
Indonesia (CPAI) from the Indonesian Institute
of Certified Public Accountants, of 2015.
Anak Perusahaan/ Perusahaan
AsosiasiSubsidiary /
Associate Entities
Bidang usaha/ Business Line
Persentase Kepemilikan Saham
Perseroan (%) / Company
Shareholding Percentage (%)
Total Aset(dalam jutaan
Rupiah)/ Total Assets (in millions of
Rp)
StatusOperasional
/ Operational Status
PT Aneka Bina Laras
Pembangunan dan Jasa / Development and Service
51,00 81.259Beroperasi / Operating
PT AnugerahNusaraya
Penyedia akomodasi (hotel) / Accommodation (hotel) service
55,00 89.417Beroperasi / Operating
PT DinamikaPutra Perkasa
Perdagangan umum dan investasi / General trading and investment
60,00 18.345Beroperasi / Operating
PT Eka Ilalang Suyadinamika
Perhotelan / Hospitality 51,00 24.615BelumBeroperasi /Dormant
PT Indonesia GemilangMahasentosa
Perdagangan, pembangunan, real estate, industri percetakan,pertanian, perbengkelan, jasa angkutan/ Trading, development, real estate, printingindustry, agriculture,workshop, transportation service
95,00 100BelumBeroperasi / Dormant
PT Indonesian Paradise Island
Penyediaan akomodasi (hotel) dan Perdagangan Umum / Accommodation (hotel) service and General Trading
55,00 1.285.678Beroperasi / Operating
65
PT JavaParadise Island
Penyediaanakomodasi (hotel) / Accommodation (hotel) service
27,50 98.181Beroperasi / Operating
PT KarsaCitra Unggul
Penyediaanakomodasi (hotel) / Accommodation (hotel) service
99,98 251.016Beroperasi / Operating
PT KegaProperty Utama
Penyediaan akomodasi (hotel) / Accommodation (hotel) service
92,73 melalui PT Karsa Citra
Unggul /92.73 through PT Karsa Citra
Unggul
46.540Beroperasi / Operating
PT Magna TerraPerdagangan umum / General trading
51,00 melalui PT Dinamika
PutraPerkasa /
51.00 through PT Dinamika Putra Perkasa
13.588Beroperasi / Operating
PT MitraGemilangMahacipta
Pembangunan, perdagangan, perindustrian, pengangkutan darat, pertanian, perbengkelan dan jasa / Development, trading, industry, land transportation, farming, workshop and service
55,00 112.755BelumBeroperasi /Dormant
PT MitraPerdanaNuansa
Pembangunan, jasa dan perdagangan/ Developmentservice and trading
51,00 358.999
Dalampembangunan/ Underdevelopment
PT Omega Propertindo
Perdagangan umum,pembangunan, jasa, dan lain-lain/ General trading, development,service and others
33,34 98.163Beroperasi / Operating
66
PT Padma Suasa
Penyediaan akomodasi (hotel) / Accommodation (hotel) service
99,99 melalui PT Aneka Bina
Laras /99.99 through PT Aneka Bina
Laras
22.375Beroperasi / Operating
PT Paloma SuasaManajemen
Perdagangan, pembangunan, real estate, industripercetakan, pertanian,perbengkelan, jasa angkutan / Trading, development, real estate, printing industry, agriculture, workshop, transportation service
99,90 dan 0,10 melalui PT Retzan
Indonusa dan PT Karsa Citra
Unggul /99.90 and 0.10
through PT Retzan
Indonusa and PT Karsa Citra
Unggul
100BelumBeroperasi /Dormant
PT PlazaIndonesiaRealty Tbk
Perhotelan, pusat perbelanjaan, perkantoran dan apartemen / Hospitality, shopping center, office and apartment
26,03 4.586.569Beroperasi / Operating
PT Praba Kumala Sejati
Perdagangan Umum /General Trading
99,90melalui PT Karsa
Citra Unggul / 99.90 through PT Karsa Citra
Unggul
119.305Beroperasi / Operating
PT RetzanIndonusa
Perhotelan dan resor / Hospitality and resort
99,90 79.877Beroperasi / Operating
PTSaranausaha Jaya
Perdagangan umum / general trading
55,00 13.459BelumBeroperasi / Dormant
67
PT Segara Biru Kencana
Penyediaanakomodasi (hotel) / Accommodation (hotel) service
99,90 melalui PT Karsa Citra Unggul / 99.90
through PT Karsa Citra
Unggul
72.569Beroperasi / Operating
PT Toba Karya Sejahtera
Hotel Bintang Empat dan Real Estat/ Four-Star Hotel and Real Estate
1,00 melalui PT Karsa Citra Unggul / 1.00
through PT Karsa Citra
Unggul
690.895BelumBeroperasi / Dormant
PT Trimurti TunggalSejahtera
Perdagangan,Keagenan, Perwakilan, Pembangunan, Perindustrian, Jasa, Pengangkutan, Perbengkelan, dan Percetakan / Trading, Agency, Representative, Development, Industry, Service, Transportation, Workshop, And Printing
75,00 melalui PT Karsa Citra
Unggul/ 75.00 through PT Karsa Citra
Unggul
455BelumBeroperasi / Dormant
68
PT ANEKA BINA LARAS
PT Aneka Bina Laras didirikan pada 15 Februari
2010 dengan bidang usaha pembangunan
dan jasa terkait. PT Aneka Bina Laras memiliki
HARRIS Suites fX Sudirman – Jakarta yang
telah beroperasi sejak bulan April 2011. Hotel
ini menyatu dengan fX Sudirman & Residences,
Jalan Jenderal Sudirman, Jakarta. Diawal
operasinya, HARRIS Suites fX Sudirman –
Jakarta memiliki 88 unit condotel. Oleh karena
tingkat hunian (occupancy rate) di tahun 2011
tinggi maka dilakukan penambahan 20 unit
condotel, dan tahun 2012 ditambah kembali
39 unit condotel, sehingga total condotel
yang dimiliki HARRIS Suites fX Sudirman –
Jakarta menjadi 147 kamar. PT Aneka Bina
Laras memiliki 1 (satu) entitas anak, yaitu PT
Padma Suasa.
Struktur Permodalan dan Susunan Pemegang
Saham PT Aneka Bina Laras adalah sebagai
berikut:
ALAMAT / ADDRESS:
APARTEMEN Fx RESIDENCES, LANTAI 10
JL. JENDERAL SUDIRMAN – PINTU I SENAYAN
JAKARTA 10270, INDONESIA
TELP. (62-21) 25554333
FAx. (62-21) 25554321
PT ANEKA BINA LARAS
PT Aneka Bina Laras was established on 15
February 2010, and operates in construction
and related services. PT Aneka Bina Laras owns
HARRIS Suites fX Sudirman –Jakarta that has
been operating since April 2011. The hotel is
integrated with fX Sudirman & Residences
on Jalan Jenderal Sudirman, Jakarta. At the
beginning of its operation, HARRIS Suites fX
Sudirman – Jakarta had 88 condotel units, and
this number increased with the addition of 20
more units in 2011 and another 39 condotels
units in 2012, making a total of 147 condotel
rooms owned by HARRIS Suites fX Sudirman
– Jakarta. PT Aneka Bina Laras has 1 (one)
subsidiary, namely PT Padma Suasa.
The Capital Structure and Shareholder
Composition of PT Aneka Bina Laras are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp500/saham) / Nominal Values(Rp500/share)
%
Modal Dasar / Authorized Capital 120.000.000 60.000.000.000
Modal Ditempatkan dan Disetor /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 / Total Issued & Paid Up Capital
81.620.000 40.810.000.000 100,00
69
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
(Entitas Anak PT Aneka Bina Laras)
PT Padma Suasa didirikan pada 12 Agustus 2010
dengan bidang usaha penyediaan akomodasi
(hotel). PT Padma Suasa mengoperasikan
HARRIS Suites fX Sudirman – Jakarta sejak
bulan April 2011 yang berlokasi menyatu
dengan fX Sudirman & Residences di Jalan
Jenderal Sudirman, Jakarta.
Struktur Permodalan dan Susunan Pemegang
Saham PT Padma Suasa adalah sebagai berikut:
PT PADMA SUASA
(A Subsidiary of PT Aneka Bina Laras)
PT Padma Suasa was established on 12
August 2010 to provide accommodation
(hotel) services. PT Padma Suasa operates
HARRIS Suites fX Sudirman-Jakarta since April
2011 which is integrated with fX Sudirman
& Residences on Jalan Jenderal Sudirman,
Jakarta.
The Capital Structure and Shareholder
Composition of PT Padma Suasa are as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 400.000 400.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
100.000 100.000.000 100,00
70
PT ANUGERAH NUSARAYA
PT Anugerah Nusaraya didirikan pada tanggal
29 November 2006 dan saat ini memiliki
bidang usaha penyediaan akomodasi (hotel).
PT Anugerah Nusaraya memiliki lahan seluas
68.141 m² di Jalan Kyai haji Ahmad Dahlan,
Marina Waterfront, Batam, Kepulauan Riau,
Indonesia. Di lahan tersebut PT Anugerah
Nusaraya memiliki hotel HARRIS Resort
Waterfront- Batam, dengan kapasitas 308
kamar dan berada dalam kompleks Marina
Waterfront City, Batam, serta berada di tepi
pantai menghadap selat Singapura.
Struktur Permodalan dan Susunan Pemegang
Saham PT Anugerah Nusaraya adalah sebagai
berikut:
ALAMAT KANTOR KORESPONDENSI
/ ADDRESS OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT ANUGERAH NUSARAYA
PT Anugerah Nusaraya was established on 29
November 2006 and presently engages in the
business of accommodation (hotel) provision.
PT Anugerah Nusaraya has a 68,141 m2 land
bank on Jalan Kyai Haji Ahmad Dahlan, Marina
Waterfront, Riau Islands, Indonesia. On this
location, PT Anugerah Nusaraya possesses
HARRIS Resort Waterfront hotel – Batam,
with total rooms of 308 and situated within
the Marina Waterfront City complex, Batam,
as well as on the shore facing the Singapore
strait.
The Capital Structure and Shareholder
Composition of PT Anugerah Nusaraya are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 100.000.000 100.000.000.000
Modal Ditempatkan dan Disetor /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 Patipeilohy 4.039.454 4.039.454.000 5,00
Jumlah Modal Ditempatkan &Disetor Penuh / Total Issued & Paid Up Capital
80.789.092 80.789.092.000 100,00
71
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
PT Dinamika Putra Perkasa didirikan pada
4 Januari 2006 dengan bidang usaha
perdagangan umum sekaligus perusahaan
investasi yang memiliki 1 (satu) entitas anak
yaitu PT Magna Terra.
Struktur Permodalan dan Susunan Pemegang
Saham PT Dinamika Putra Perkasa adalah
sebagai berikut:
PT DINAMIKA PUTRA PERKASA
PT Dinamika Putra Perkasa was established
on 4 January 2006 to conduct general
trading business. PT Dinamika Putra Perkasa
is an investment company that has 1 (one)
subsidiary, PT Magna Terra.
The Capital Structure and Shareholder
Composition of PT Dinamika Putra Perkasa are
as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000.000
/saham) / Nominal Values
(Rp1,000,000/share)
%
Modal Dasar / Authorized Capital 10.000 10.000.000.000
Modal Ditempatkan dan Disetor /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 / Total Issued & Paid Up Capital
7.000 7.000.000.000 100,00
72
PT MAGNA TERRA
(Entitas Anak PT Dinamika Putra Perkasa)
PT Magna Terra didirikan pada 7 Juli 2006
dengan bidang usaha perdagangan umum.
PT Magna Terra merupakan pemilik proyek
peremajaan Pasar Perhiasan Cikini dengan
luas lahan 3.679 m2, dan telah mendapatkan
hak membangun dan memasarkan unit
peremajaan Pasar Cikini sejak tahun 2007.
Proyek peremajaan pasar perhiasan yang
diberi nama Cikini Gold Center tersebut
dimulai pada Juni 2011 dan sudah beroperasi
diawal tahun 2013.
Struktur Permodalan dan Susunan Pemegang
Saham PT Magna Terra adalah sebagai berikut:
ALAMAT / ADDRESS:
WISMA ALDIRON, LANTAI DASAR, SUITE 038
JL. GATOT SUBROTO KAV, 72, PANCORAN
JAKARTA SELATAN, INDONESIA
KANTOR KORESPONDENSI / ADDRESS OF
CORRESPONDENCE OFFICE:
JL. PEGANGSAAN TIMUR RAYA, CIKINI, MENTENG
JAKARTA PUSAT 10310, INDONESIA
TELP. (62-21) 31909088
FAx. (62-21) 31900505
PT MAGNA TERRA
(A Subsidiary of PT Dinamika Putra Perkasa)
PT Magna Terra was established on 7 July
2006 in the business of general trading. PT
Magna Terra is the owner of Cikini Gold Center
restoration project that is developed on a 3,679
m2 of land. The Rights to restore Cikini Gold
Market was obtained in 2007. The restoration
project of gold market which was later named
as “Cikini Gold Center” was started on June
2011, and has been operating since early 2013.
The Capital Structure and Shareholder
Composition of PT Magna Terra are as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 15.000.000 15.000.000.000
Modal Ditempatkan dan Disetor /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 / Total Issued & Paid Up Capital
7.843.000 7.843.000.000 100,00
73
ALAMAT KANTOR KORESPONDENSI / ADDRESS
OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT EKA ILALANG SURYADINAMIKA
PT Eka Ilalang Suryadinamika didirikan pada
27 Oktober 1995 dengan bidang usaha
perhotelan, memiliki lahan seluas 18.668 m2
di Sentul, Bogor, Jawa Barat. Di atas lahan
tersebut, akan dibangun hotel dan apartemen
yang saat ini sedang dalam tahap perencanaan
dan pengurusan perizinan pembangunan.
Struktur Permodalan dan Susunan Pemegang
Saham PT Eka Ilalang Suryadinamika adalah
sebagai berikut:
PT EKA ILALANG SURYADINAMIKA
PT Eka Ilalang Suryadinamika was established
on 27 October 1995 and operates in hospitality
industry (hotel). PT Eka Ilalang Suryadinamika
has a 18,668 m2 land bank in Sentul, Bogor,
West Java on which a hotel and an apartment
will be built. The planning of the development
is still being worked on, along with the building
permit.
The Capital Structure and Shareholder
Composition of PT Eka Ilalang Suryadinamika
are as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000.000
/saham) / Nominal Values
(Rp1,000,000/share)
%
Modal Dasar / Authorized Capital 25.000 25.000.000.000
Modal Ditempatkan dan Disetor /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 / Total Issued & Paid Up Capital
10.000 10.000.000.000 100,00
74
PT INDONESIA GEMILANG MAHASENTOSA
PT Indonesia Gemilang Mahasentosa didirikan
pada 28 Juni 2016 dengan bidang usaha
perdagangan, pembangunan, real estate,
industri, percetakan, pertanian, perbengkelan,
jasa dan angkutan.
Struktur permodalan dan Susunan Pemegang
Saham PT Indonesia Gemilang Mahasentosa
adalah sebagai berikut:
ALAMAT / ADDRESS:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT INDONESIA GEMILANG MAHASENTOSA
PT Indonesia Gemilang Mahasentosa didirikan
pada 28 Juni 2016 dengan bidang usaha
perdagangan, pembangunan, real estate,
industri, percetakan, pertanian, perbengkelan,
jasa dan angkutan.
Struktur permodalan dan Susunan Pemegang
Saham PT Indonesia Gemilang Mahasentosa
adalah sebagai berikut:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 400.000 400.000.000
Modal Ditempatkan dan Disetor /Issued and Paid Up Capital
PT Indonesian Paradise Property Tbk 95.000 95.000.000 95,00
Suyanto Chandra 5.000 5.000.000 5,00
Jumlah Modal Ditempatkan &Disetor Penuh / Total Issued & Paid Up Capital
100.000 100.000.000 100,00
75
PT INDONESIAN PARADISE ISLAND
PT Indonesian Paradise Island didirikan pada
22 Januari 1985. Awalnya diberi nama PT
Sahid Bali Seaside Cottage yang bergerak di
bidang usaha penyediaan akomodasi (hotel).
PT Indonesian Paradise Island merupakan
pemilik HARRIS Resort Kuta Beach – Bali yang
berlokasi di Jalan Pantai Kuta, Bali. Total area
tanah yang dimiliki seluas 52.462 m2. Hotel ini
mulai beroperasi pada bulan Juni 2004 dan
dikelola oleh Tauzia Hotel Management.
HARRIS Resort Kuta Beach – Bali memiliki 191
kamar. Mengusung slogan “Simple, Unique &
Friendly”. Hotel ini dilengkapi dengan berbagai
fasilitas serta pelayanan yang ramah dan
memiliki fasilitas ruang rapat dengan kapasitas
yang mampu menampung hingga 200 orang.
Pada 7 Desember 2012, diresmikan pembukaan
beachwalk Shopping Center – Bali yang terdiri
lebih dari 200 unit superior retail dan menyatu
dengan HARRIS Resort Kuta Beach – Bali
serta hotel berbintang lima Sheraton Bali Kuta
Resort. Sheraton Bali Kuta Resort memiliki 203
kamar dengan berbagai fasilitas lengkap, serta
memiliki beach view yang memukau.
PT INDONESIAN PARADISE ISLAND
PT Indonesian Paradise Island was established
on 22 January 1985, under the name PT
Sahid Bali Seaside Cottage, which engages
in the provision of accommodation (hotel).
PT Indonesian Paradise Island is the owner of
HARRIS Resort Hotel Kuta Beach – Bali located
on Jalan Pantai Kuta, Bali. PT Indonesian
Paradise Island has a total area of 52,462 m2.
The hotel has been operating since June 2004
and is managed by Tauzia Hotel Management.
HARRIS Resort Kuta Beach – Bali has 191
rooms with the main theme of ‘Simple,
Unique, & Friendly’, describing that the hotel
is facilitated by simple but unique facilities
with friendly service. This hotel also provides
meeting room facilities with the capacity of
200 people. On December 7, 2012, beachwalk
Shopping Center – Bali, was officially opened.
It houses more than 200 superior retail units
and is within one complex of HARRIS Resort
Kuta Beach – Bali and a five-star Sheraton Bali
Kuta Resort that has 203 rooms featuring a
full range of facilities and a captivating beach
view.
76
ALAMAT / ADDRESS:
HARRIS HOTEL TEBET – JAKARTA
JL. DR. SAHARJO NO. 191
JAKARTA 12960, INDONESIA
TELP. (62-21) 8303355
FAx. (62-21) 8295533
ALAMAT KANTOR KORESPONDENSI /
ADDRESS OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
HARRIS RESORT KUTA BEACH – BALI
SAHID KUTA LIFESTYLE RESORT
JL. PANTAI KUTA
KUTA, BALI, 80361, INDONESIA
TELP. (0361) 753868
FAx. (0361) 753875
SHERATON BALI KUTA RESORT
SAHID KUTA LIFESTYLE RESORT
JL. PANTAI KUTA
BALI, 80361, INDONESIA
TELP. (0361) 8465555
FAx. (0361) 8465577
beachwalk SHOPPING CENTER
SAHID KUTA LIFESTYLE RESORT
JL. PANTAI KUTABALI, 80361, INDONESIA
TELP. (0361) 8464 888
FAx. (0361) 8465 000
Komposisi lengkap Pemegang Saham
PT Indonesian Paradise Island adalah sebagai
berikut:
The full composition of Shareholders of
PT Indonesian Paradise Island is as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 300.000.000 300.000.000.000
Modal Ditempatkan dan Disetor /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 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 / Total Issued & Paid Up Capital
244.666.667 244.666.667.000 100,00
77
PT JAVA PARADISE ISLAND
PT Java Paradise Island didirikan pada tanggal
31 Juli 1995. Awalnya perusahaan ini bernama
PT Dharmagraha Nusantara dan bergerak di
bidang usaha penyediaan akomodasi (hotel).
Tahun 2004, Perseroan berpatungan dengan
Gobel Group dan Caraka group melakukan
penyertaan saham pada PT Java Paradise Island
guna membangun hotel berbintang empat
di atas lahan seluas 5.580 m2 dan kemudian
diberi nama HARRIS Hotel Tebet – Jakarta.
Hotel ini berlokasi dekat dengan pusat bisnis,
pertokoan, dan perkantoran yaitu di Jalan Dr.
Saharjo No. 191, Jakarta Selatan. HARRIS Hotel
Tebet – Jakarta dikelola oleh Tauzia Hotel
Management dan mulai beroperasi pada bulan
September 2005. Hotel ini memiliki fasilitas
seperti function hall, meeting room, business
center, restaurant & bar, fitness center & spa,
dan lain-lain.
Komposisi lengkap Pemegang Saham
PT Java Paradise Island adalah sebagai berikut
:
ALAMAT / ADDRESS:
HARRIS HOTEL TEBET – JAKARTA
JL. DR. SAHARJO NO. 191
JAKARTA, 12960, INDONESIA
TELP. (62-21) 8303355
FAx. (62-21) 8295533
PT JAVA PARADISE ISLAND
PT Java Paradise Island was established on
31 July 1995, formerly under the name PT
Dharmagraha Nusantara, which engages in the
provision of accommodation (hotel) service. In
2004, the Company, jointly with Gobel Group
and Caraka Group, invested shares in PT Java
Paradise Island to develop a four-star hotel
on the 5,580 m2 land with the name HARRIS
Hotel Tebet–Jakarta. This hotel is located
on Jalan Dr. Saharjo No. 191, South Jakarta,
close to business districts, shopping centers,
and offices. HARRIS Hotel Tebet –Jakarta is
managed by Tauzia Hotel Management and
has been operating since September 2005.
The facilities available include function hall,
meeting room, business center, restaurant &
bar, fitness center & spa, and others.
The full composition of Shareholders of
PT Java Paradise Island is as follows
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 100.000.000 100.000.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
63.000.000 63.000.000.000 100,00
78
ALAMAT KANTOR KORESPONDENSI / ADDRESS
OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT KARSA CITRA UNGGUL
PT Karsa Citra Unggul didirikan pada
14 Februari 2007 dengan bidang usaha
penyediaan akomodasi (hotel), memiliki lahan
seluas 2.144 m2 di Manado, Sulawesi Utara
yang rencananya akan dibangun apartemen.
PT Karsa Citra unggul memiliki 5 (lima) entitas
anak, yaitu PT Kega Property Utama, PT Segara
Biru Kencana, PT Praba Kumala Sajati, PT
Toba Karya Sejahtra, dan PT Trimurti Tunggal
Sejahtera.
Struktur Permodalan dan Susunan Pemegang
Saham PT Karsa Citra unggul adalah sebagai
berikut :
PT KARSA CITRA UNGGUL
PT Karsa Citra Unggul was established on
14 February 2007, and operates to provide
accommodation (hotel) service. PT Karsa Citra
Unggul owns a 2,144 m2 land in Manado,
North Sulawesi, on which an apartment will
be built. PT Karsa Citra Unggul has 5 (five)
subsidiaries, namely PT Kega Property Utama,
PT Segara Biru Kencana, PT Praba Kumala
Sajati, PT Toba Karya Sejahtra, and PT Trimurti
Tunggal Sejahtera.
The Capital Structure and Shareholder
Composition of PT Karsa Citra Unggul are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 112.000.000 112.000.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
28.000.000 28.000.000.000 100,00
79
PT KEGA PROPERTY UTAMA
(Entitas Anak PT Karsa Citra unggul)
PT Kega Property Utama didirikan pada tanggal
1 Juli 2008 dengan bidang usaha penyediaan
akomodasi (hotel). PT Kega Property Utama
memiliki perjanjian kerjasama dengan Induk
Koperasi TNI Angkatan Udara ( Inkopau-
Pukadara) terkait pemanfaatan tanah TNI AU
eks Mess Jetis seluas 3.094 m2 di Yogyakarta,
selanjutnya lahan tersebut dibangun POP!
Hotel Sangaji – Yogyakarta yang resmi
beroperasi sejak tanggal 1 Juli 2012. POP!
Hotel Sangaji – Yogyakarta mengusung
konsep minimalis ‘A place to stay for smart
and eco friendly travellers’, dikelola oleh
Tauzia Hotel Management dan merupakan
hotel bintang dua yang memiliki 151 kamar,
berlokasi di pusat kota Yogyakarta.
Struktur Permodalan dan Susunan Pemegang
Saham PT Kega Property Utama adalah sebagai
berikut:
ALAMAT / ADDRESS:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT KEGA PROPERTY UTAMA
(A Subsidiary of PT Karsa Citra Unggul)
PT Kega Property Utama was established
on 1 July 2008, and operates to provide
accommodation (hotel) service. PT Kega
Property Utama has an Agreement with
Parent Cooperative of Indonesian Air Force
(Inkopau-Pukadara) to make use 3,094 m2
land in Yogyakarta, on which POP! Hotel
Sangaji –Yogyakarta has been developed and
commercially opened on July 1, 2012. POP!
Hotel Sangaji – Yogyakarta brings up the
minimalist style with the tagline ‘A place to
stay for smart and eco-friendly travelers’. It is
a two-star hotel with 151 rooms managed by
Tauzia Hotel Management and located at the
heart of Yogyakarta.
The Capital Structure and Shareholder
Composition of PT Kega Property Utama are
as follows:
POP! HOTEL SANGAJI – YOGYAKARTA
JL.AM. SANGAJI KAV. 16-18, JETIS
YOGYAKARTA, 55000, INDONESIA
TELP. (0274) 4469399
FAx. (0274) 4469398
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 22.000.000 22.000.000.000
Modal Ditempatkan dan Disetor /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 / Total Issued & Paid Up Capital
11.000.000 11.000.000.000 100,00
80
ALAMAT KANTOR KORESPONDENSI / ADDRESS
OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT PRABA KUMALA SAJATI
(Entitas Anak PT Karsa Citra unggul)
PT Praba Kumala Sajati didirikan pada
28 Februari 2012 dengan bidang usaha
perdagangan umum. PT Praba Kumala Sajati
memiliki Park23 Entertaiment Center Bali yang
telah dibuka dan beroperasi sejak September
2015.
Struktur Permodalan dan Susunan Pemegang
Saham PT Praba Kumala Sajati adalah sebagai
berikut:
PT PRABA KUMALA SAJATI
(A Subsidiary of PT Karsa Citra Unggul)
PT Praba Kumala Sajati was established on
28 February 2012, and operates in general
trading. PT Praba Kumala Sajati owns Park23
Entertainment Center Bali, which has been
opened and operating since September 2015.
The Capital Structure and Shareholder
Composition of PT Praba Kumala Sajati are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp100.000/saham)
/ Nominal Values(Rp100,000/share)
%
Modal Dasar / Authorized Capital 300.000 30.000.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
75.000 7.500.000.000 100,00
81
PT SEGARA BIRU KENCANA
(Entitas Anak PT Karsa Citra unggul)
PT Segara Biru Kencana didirikan pada tanggal
18 Oktober 2010 dengan bidang usaha
penyediaan akomodasi (hotel). PT Segara Biru
Kencana telah membangun Maison Aurelia,
yaitu sebuah hotel di atas lahan seluas 2.696
m2 di Sanur, Bali. Pembangunan hotel telah
selesai dan beroperasi di kuartal 3 tahun 2016.
Struktur Permodalan dan Susunan Pemegang
Saham PT Segara Biru Kencana adalah sebagai
berikut:
ALAMAT / ADDRESS:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT SEGARA BIRU KENCANA
(A Subsidary of PT Karsa Citra Unggul)
PT Segara Biru Kencana was established on 18
October 2010, and engaged in the provision of
accommodation (hotel) service. PT Segara Biru
Kencana has developed a hotel on a 2,696 m2
of land in Sanur, Bali. The hotel construction
has been completed and operating since the
Q3 of 2016.
The Capital Structure and Shareholder
Composition of PT Segara Biru Kencana are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 400.000 400.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
100.000 100.000.000 100,00
82
ALAMAT KANTOR KORESPONDENSI /
ADDRESS OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT TRIMURTI TUNGGAL SEJAHTERA
(Entitas Anak PT Karsa Citra unggul)
PT Trimurti Tunggal Sejahtera didirikan pada
27 November 2015 dengan bidang-bidang
usaha umum yaitu perdagangan, keagenan,
perwakilan, pembangunan, perindustrian, jasa,
pengangkutan, perbengkelan dan percetakan.
Perseroan memiliki PT Trimurti Tunggal
Sejahtera melalui kepemilikan dalam PT Karsa
Citra Unggul. Saat ini, PT Trimurti Tunggal
Sejahtera belum beroperasi.
Struktur Permodalan dan Susunan Pemegang
Saham PT Trimurti Tunggal Sejahtera adalah
sebagai berikut:
PT TRIMURTI TUNGGAL SEJAHTERA
(A Subsidary of PT Karsa Citra Unggul)
PT Trimurti Tunggal Sejahtera was established
on 27 November 2015 and engages in the
general line of businesses of trade, agency,
representative, construction, industry, service,
transportation, workshop and printing.
The Company acquires PT Trimurti Tunggal
Sejahtera through ownership in PT Karsa
Citra Unggul. Currently, PT Trimurti Tunggal
Sejahtera is still dormant.
The Capital Structure and Shareholder
Composition of PT Trimurti Tunggal Sejahtera
are as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 2.000.000 2.000.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
500.000 500.000.000 100,00
83
PT MITRA GEMILANG MAHACIPTA
PT Mitra Gemilang Mahacipta didirikan pada
8 Mei 2012 dengan bidang-bidang usaha
umum yaitu pembangunan, perdagangan,
perindustrian, pengangkutan darat, pertanian,
perbengkelan dan jasa. PT Mitra Gemilang
Mahacipta memiliki lahan seluas 84.000 m²
di Jalan Manuntung, Kelurahan Sepinggan,
Kecamatan Balikpapan Selatan, Provinsi
Kalimantan Timur. Di atas lahan tersebut
PT Mitra Gemilang Mahacipta berencana
membangun proyek Central Business District
(CBD) Balikpapan yang terdiri dari pusat
perbelanjaan, perkantoran, kondominium,
ruko, hotel dan sekolah. Saat ini PT Mitra
Gemilang Mahacipta sedang berada dalam
tahap perencanaan dan pengurusan perizinan
pembangunan tersebut.
Struktur Permodalan dan Susunan Pemegang
Saham PT Mitra Gemilang Mahacipta adalah
sebagai berikut:
ALAMAT / ADDRESS:
JL. TEBET TIMUR RAYA 10 C
JAKARTA 12820, INDONESIA
TELP. (62-21) 8305633
FAx. (62-21) 8305634
PT MITRA GEMILANG MAHACIPTA
PT Mitra Gemilang Mahacipta was established
on 8 May 2012 and engages in general line of
businesses of construction, trade, industrial,
land transportation, farming, workshop and
service. PT Mitra Gemilang Mahacipta has a
land bank in the area of 84,000 m² in Jalan
Manuntung, Kelurahan Sepinggan, Kecamatan
Balikpapan Selatan, East Kalimantan Province.
On the location, PT Mitra Gemilang Mahacipta
plans to build a project of Central Business
District (CBD) of Balikpapan consisting of
shopping centre, office, condominium,
shop-office, hotel and school. Currently, PT
Mitra Gemilang Mahacipta is in the process
of planning and permits processing for the
development.
The Capital Structure and Shareholder
Composition of PT Mitra Gemilang Mahacipta
are as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000.000
/saham) / Nominal Values
(Rp1,000,000/share)
%
Modal Dasar / Authorized Capital 100.000 100.000.000.000
Modal Ditempatkan dan Disetor /Issued and Paid Up Capital
PT Indonesian Paradise Property Tbk 13.888 13.888.000.000 55,00
Indra Salim 6.060 6.060.000.000 24,00
Suyanto Chandra 4.040 4.040.000.000 16,00
PT Gama Narayana Sakti 1.262 1.262.000.000 5,00
Jumlah Modal Ditempatkan &Disetor Penuh /Total Issued & Paid Up Capital
25.250 25.250.000.000 100,00
84
ALAMAT KANTOR KORESPONDENSI / ADDRESS
OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT MITRA PERDANA NUANSA
PT Mitra Perdana Nuansa didirikan pada 31 Mei
2006 dengan bidang usaha pembangunan,
jasa dan perdagangan. PT Mitra Perdana
Nuansa memiliki lahan kerjasama seluas
30.000 m² di Ciroyom dan Kebon Jeruk, Kota
Bandung, Jawa Barat. Di atas lahan tersebut,
akan dibangun hotel, universitas, dan pusat
perbelanjaan (shopping centre/mall). Saat ini,
PT Mitra Perdana Nuansa sedang berada dalam
tahap pembangunan beserta perencanaan dan
pengurusan perizinan pembangunan tersebut.
Struktur Permodalan dan Susunan Pemegang
Saham PT Mitra Perdana Nuansa adalah
sebagai berikut:
PT MITRA PERDANA NUANSA
PT Mitra Perdana Nuansa was established on
31 May 2006 and engages in the businesses
of construction, service and trade. PT Mitra
Perdana Nuansa has a 30,000 m² partnership
land bank in Ciroyom and Kebon Jeruk areas
of Kota Bandung, West Java. On the location,
PT Mitra Perdana Nuansa plans to build and
construct hotel, university, and shopping
centers (malls). Currently PT Mitra Perdana
Nuansa is in the process of construction, as
well as planning and the permit processing of
the construction.
The Capital Structure and Shareholder
Composition of PT Mitra Perdana Nuansa are
as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000.000
/saham) / Nominal Values
(Rp1,000,000/share)
%
Modal Dasar / Authorized Capital 190.000 190.000.000.000
Modal Ditempatkan dan Disetor /Issued and Paid Up Capital
PT Indonesian Paradise Property Tbk 25.000 25.000.000.000 51,00
PT Ekanusa Sandhitama Persada 24.020 24.020.000.000 49,00
Jumlah Modal Ditempatkan &Disetor Penuh /Total Issued & Paid Up Capital
49.020 49.020.000.000 100,00
85
PT OMEGA PROPERTINDO
Pada mulanya, PT Omega Propertindo
didirikan dengan nama PT Mapalus Bestari
pada tanggal 10 Maret 1989 yang bergerak di
bidang perdagangan umum, pembangunan,
jasa, dan lain-lain. PT Omega Propertindo
merupakan pemilik dan pengelola Wisma
Millenia yang dibangun di atas lahan seluas
3.700 m2. Bangunan ini merupakan gedung
perkantoran 10 lantai yang beroperasi sejak
tahun 1993, dengan penyewa utama: BCA dan
Japfa Comfeed Group.
Struktur Permodalan dan Susunan Pemegang
Saham PT Omega Propertindo adalah sebagai
berikut:
ALAMAT / ADDRESS:
WISMA MILLENIA LANTAI 3
JL. MT HARYONO KAV. 16
JAKARTA SELATAN, INDONESIA
TELP. (62-21) 8310352
FAx. (62-21) 8310330
PT OMEGA PROPERTINDO
PT Omega Propertindo was initially established
under the name PT Mapalus Bestari on 10
March 1989, and engages in general trading,
construction, services, and other business. PT
Omega Propertindo is the owner and operator
of Wisma Millenia that is built on a 3,700 m2
land. It is a 10-storey office building that has
been operating since 1993. Major tenants of
Wisma Millenia are BCA and Japfa Comfeed
Group.
The Capital Structure and Shareholder
Composition of PT Omega Propertindo are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000.000
/saham) / Nominal Values
(Rp1,000,000/share)
%
Modal Dasar / Authorized Capital 125.000 125.000.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
50.000 50.000.000.000 100,00
86
PT PLAZA INDONESIA REALTY Tbk
PT Plaza Indonesia Realty Tbk didirikan pada
5 November 1983 dengan nama PT Bimantara
Eka Santosa dan berubah menjadi nama yang
sekarang pada tanggal 31 Mei 1991. PT Plaza
Indonesia Realty Tbk melakukan pencatatan
saham pada Bursa Efek Jakarta dan Bursa
Efek Surabaya (sekarang Bursa Efek Indonesia)
sejak 15 Juni 1992. PT Plaza Indonesia
Realty Tbk memiliki bidang-bidang usaha
terutama meliputi bidang perhotelan, pusat
perbelanjaan, perkantoran dan apartemen.
PT Plaza Indonesia Realty Tbk adalah pemilik
hotel Grand Hyatt Jakarta, Plaza Indonesia
Shopping Center, The Plaza (gedung
perkantoran) dan Keraton at The Plaza
(Keraton Luxury Collection hotel dan Keraton
Private Residence) dan secara tidak langsung
memiliki fX Sudirman (lifestyle center).
Struktur Permodalan dan Susunan Pemegang
Saham PT Plaza Indonesia Realty Tbk adalah
sebagai berikut:
ALAMAT / ADDRESS: THE PLAZA OFFICE TOWER, 10TH FLOOR
JL. M.H. THAMRIN KAV. 28-30 JAKARTA 10350
TELP. (62-21) 2992 0000 FAx. (62-21) 2992 1111
PT PLAZA INDONESIA REALTY Tbk
PT Plaza Indonesia Realty Tbk was established
on 5 November 1983 with the name of PT
Bimantara Eka Santosa and changed to its
current name on 31 May 1991. PT Plaza
Indonesia Realty Tbk listed its shares on the
Jakarta Stock Exchange and Surabaya Stock
Exchange (now Indonesia Stock Exchange)
on 15 June 1992. PT Plaza Indonesia Realty
Tbk primarily engages in the businesses
of hospitality, shopping centre, office and
apartment.
PT Plaza Indonesia Realty Tbk is the owner of
Grand Hyatt Jakarta, Plaza Indonesia Shopping
Center, The Plaza (office building) and Keraton
at The Plaza (Keraton Luxury Collection Hotel
and Keraton Private Residence) as well as the
indirect owner of fX Sudirman (lifestyle center).
The Capital Structure and Shareholder
Composition of PT Plaza Indonesia Realty Tbk
are as follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp200/saham) / Nominal Values(Rp200/share)
%
Modal Dasar / Authorized Capital 5.000.000.000 1.000.000.000.000
Modal Ditempatkan dan Disetor /Issued and Paid Up Capital
PT Bumi Serpong Damai Tbk 1.267.642.500 253.528.500.000 35,71
PT Indonesian Paradise Property Tbk 923.900.000 184.780.000.000 26,03
PT MNC Land Tbk 593.061.528 118.612.305.600 16,71
UBS AG Singapore 257.930.817 51.586.163.400 7,30
PT Plaza Indonesia Realty Tbk 213.000.000 42.600.000.000 6,00
Masyarakat 294.465.155 58.893.031.000 8,25
Jumlah Modal Ditempatkan &Disetor Penuh /Total Issued & Paid Up Capital
3.550.000.000 710.000.000.000 100,00
87
ALAMAT KANTOR KORESPONDENSI /
ADDRESS OF CORRESPONDENCE OFFICE:
JL. ENGKU PUTRI, BATAM CENTER
BATAM 29641, INDONESIA
TELP. (62-778) 749 8991
FAx. (62-778) 749 8890
PT RETZAN INDONUSA
PT Retzan Indonusa didirikan pada tanggal
18 Juli 1988 dengan bidang usaha perhotelan
dan resor, termasuk dengan segala sarana dan
prasarananya. PT Retzan Indonusa memiliki
lahan seluas 9.221 m2 di Batam Center,
Batam. Lahan tersebut selanjutnya digunakan
untuk pembangunan HARRIS Hotel Batam
Center – Batam yang terdiri atas 171 kamar
dengan sejumlah fasilitas hotel berbintang
empat. Hotel ini telah beroperasi sejak bulan
November 2011. PT Retzan Indonusa memiliki
1 (satu) entitas anak, yaitu PT Paloma Suasa
Manajemen.
Struktur Permodalan dan Susunan Pemegang
Saham PT Retzan Indonusa adalah sebagai
berikut :
PT RETZAN INDONUSA
PT Retzan Indonusa was established on 18
July 1988, and engages in the businesses of
hospitality and resort with its facilities and
infrastructure. PT Retzan Indonusa has a
9,221 m2 land in Batam which is used for the
construction of HARRIS Hotel Batam Center –
Batam, consisting of 171 rooms and four-star
hotel facilities. This hotel has been operating
since November 2011. PT Retzan Indonusa has
1 (one) subsidiary, namely PT Paloma Suasa
Manajemen.
The Capital Structure and Shareholder
Composition of PT Retzan Indonusa are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000.000
/saham)/Nominal Values
(Rp1,000,000/share)
%
Modal Dasar / Authorized Capital 40.000 40.000.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
30.000 30.000.000.000 100,00
HARRIS HOTEL BATAM CENTER
JL. ENGKU PUTRI, BATAM CENTER
BATAM 29641, INDONESIA
TELP. (62-778) 749 8888
FAx. (62-778) 749 9999
88
PT SARANAUSAHA JAYA
PT Saranausaha Jaya didirikan pada tanggal
13 Agustus 1992 dengan bidang usaha
perdagangan umum. PT Saranausaha Jaya
berencana menangani peremajaan Pasar
Obat dan Burung Pramuka, Jakarta, yang
saat ini sedang dalam tahap perencanaan dan
pengurusan perizinan.
Struktur Permodalan dan Susunan Pemegang
Saham PT Saranausaha Jaya adalah sebagai
berikut :
ALAMAT / ADDRESS:
JL. H. AGUS SALIM NO, 132, MENTENG
JAKARTA PUSAT, 10310, INDONESIA
PT SARANAUSAHA JAYA
PT Saranausaha Jaya was established on
13 August 1992, and operates in general
trading business. PT Saranausaha Jaya plans
to manage the restoration of Pasar Obat dan
Burung Pramuka, Jakarta, which is currently in
the stage of planning and permit acquisition.
The Capital Structure and Shareholder
Composition of PT Saranausaha Jaya are as
follows:
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 20.000.000 20.000.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
15.000.000 15.000.000.000 100,00
89
ALAMAT KANTOR KORESPONDENSI / ADDRESS
OF CORRESPONDENCE OFFICE:
CENTENNIAL TOWER, 30 TH FLOOR
JL. GATOT SUBROTO KAV. 24 -25
JAKARTA 12930, INDONESIA
T (62-21) 2988 0466
F (62-21) 2988 0460
PT PALOMA SUASA MANAJEMEN
(Entitas Anak PT Retzan Indonusa
& PT Karsa Citra Unggul)
PT Paloma Suasa Manajemen didirikan pada
tanggal 28 Juni 2016, dengan fokus pada
bidang usaha perdagangan, pembangunan,
real estate, industri, percetakan, pertanian,
perbengkelan, jasa dan angkutan.
Struktur Permodalan dan susunan pemegang
saham PT Paloma Suasa Manajemen adalah
sebagai berikut:
PT PALOMA SUASA MANAJEMEN
(A Subsidary of PT Retzan Indonusa
& PT Karsa Citra Unggul)
PT Paloma Suasa Manajemen was established
on 28 June, 2016 and focuses on the business
of trading, development, real estate, industry,
printing, agriculture, workshop, service and
transportation.
The Capital Structure and Shareholder
Composition of PT Paloma Suasa Manajemen
are as follows
Pemegang Saham / Shareholders
Saham / Shares
Lembar Saham / Shares
Nominal(Rp1.000/saham) /
Nominal Values(Rp1,000/share)
%
Modal Dasar / Authorized Capital 400.000 400.000.000
Modal Ditempatkan dan Disetor /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 /Total Issued & Paid Up Capital
100.000 100.000.000 100,00
90
LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL
CAPITAL MARKET SUPPORTING INSTITUTIONS AND PROFESSIONALS
NAMALEMBAGA DAN
PROFESI /NAME OF
INSTITUTIONS AND
PROFESSIONALS
ALAMAT /ADDRESS
JASA YANGDIBERIKAN /
SERVICE RENDERED
PERIODE PENUGASAN / PERIOD OFASSIGNMENT
BIAYA / FEE
Notaris /Notary:Dr. Irawan Soerodjo, SH., MSi.
Jl. Kh. Zainul Arifin No. 2 Komp. Ketapang Indah Blok B-2, No. 4-5 Jakarta, 11140, IndonesiaTelp. (62-21) 6301511 Fax. (62-21) 63378511
Pembuatan Akta Berita Acara Rapat umumPemegang Saham Tahun 2016 & Berita Acara Rapat Umum Pemegang Saham Luar Biasa Tahun 2016 / Drafting Deed ofMinutes of General Meeting of Shareholders of 2016 & Minutes ofExtraordinary General Meeting of Shareholders of 2016
2016 35.750.000
KantorAkuntan Publik / PublicAccounting Firm:Tanubrata Sutanto Fahmi Bambang & Rekan
Prudential Tower, Lantai 17 Jl. Jendral Sudirman Kav. 79 Jakarta, 12910, IndonesiaTelp. (62-21) 57957300Fax. (62-21) 57957301
Audit Tahunan atas Laporan Keuangan KonsolidasianPT Indonesian Paradise Property Tbk danEntitas Anak untuk tahun yang berakhir pada tanggal 31 Desember 2016 / Annual Audit on the Consolidated Financial Statement of PT Indonesian Paradise Property Tbk and Subsidiaries for the year ended on 31 December 2016
2016 236.500.000
BiroAdministrasi Efek / Share Registrar:PT Adimitra Jasa Korpora
Rukan Kirana Avenue III Blok F3 No.5 Kelapa Gading Jakarta Utara 14250 Telp. (62-21) 29745222 (62-21)29365287(62-21) 29365298 Fax. (62-21) 29289961 Email. [email protected]
Pengadministrasian Saham Perseroan / Administration of the Company’s Shares
2016 17.000.000
91
JARINGAN KANTOR DAN WILAYAH KERJA
OFFICE NETWORK AND OPERATIONAL AREA
KANTOR PUSAT / HEAD OFFICE
CENTENNIAL TOWER, 30TH FLOOR
JL. GATOT SUBROTO KAV. 24-25
JAKARTA 12930, INDONESIA
TELP. (62-21) 2988 0466
FAx. (62-21) 2988 0460
KANTOR CABANG / BRANCH OFFICES
OWNER REPRESENTATIVE - BATAM:
HARRIS HOTEL BATAM CENTER
JL. ENGKU PUTRI, BATAM CENTER
BATAM 29641, INDONESIA
TELP. (62-778) 749 8991
FAx. (62-778) 749 8890
OWNER REPRESENTATIVE - BALI
SAHID KUTA LIFESTYLE CENTER
JL. PANTAI KUTA
BALI 80361, INDONESIA
TELP. (62-361) 754884
FAx. (62-361) 753866
92
93
Ikhtisar Saham, Obligasi, Serta Efek Lainnya
Highlights on Shares,Bonds and Other Securities
94
No Periode / Period
Harga Saham / Share Price (Rp) Volume Per-dagangan / TradingVolume (Unit)
Jumlah Saham yang Beredar(lembar) /TotalOutstanding Shares (share)
Kapitalisasi Pasar(dalam Rupiah) / MarketCapitalization(in Rupiah)
Tertinggi / Highest
Terendah / Lowest
Penutupan / Closing
1 Triwulan 1 / 1st Quarter
433 314 428 27.249.000 11.181.971.732 4.785.883.901.296
2 Triwulan 2 / 2nd Quarter
495 425 450 36.103.000 11.181.971.732 5.031.887.279.400
3 Triwulan 3 / 3rd Quarter
462 440 446 10.998.000 11.181.971.732 4.987.159.392.472
4 Triwulan 4 / 4th Quarter
570 440 565 31.103.000 11.181.971.732 6.317.814.028.580
Informasi Saham / Information On Share
Emiten / Issuer PT Indonesian Paradise Property Tbk
Kode Saham / Ticker Code INPP
Pencatatan di Bursa Efek / Listing on Stock Exchange
Bursa Efek Indonesia / Indonesia Stock Exchange
Biro Administrasi Efek / Share Registrar PT Adimitra Jasa Korpora
Periode / Period Tahun 2016 dan Tahun 2015 / 2016 and 2015
Harga Saham INPP (Triwulan) per 2016 / INPP Share Price (quarterly) as of 2016
Harga Saham INPP (Triwulan) per 2015 / INPP Share Price (quarterly) as of 2015
No Periode / Period
Harga Saham / Share Price (Rp) Volume Per-dagangan / TradingVolume (Unit)
Jumlah Saham yang Beredar(lembar) /TotalOutstanding Shares (share)
Kapitalisasi Pasar(dalam Rupiah) / MarketCapitalization(in Rupiah)
Tertinggi / Highest
Terendah / Lowest
Penutupan / Closing
1 Triwulan 1 / 1st Quarter
300 188 230 116.000 2.558.803.600 4.785.883.901.296
2 Triwulan 2 / 2nd Quarter
350 180 350 339.000 3.766.456.710 5.031.887.279.400
3 Triwulan 3 / 3rd Quarter
400 298 365 720.000 11.181.971.732 4.987.159.392.472
4 Triwulan 4 / 4th Quarter
369 358 358 2.670.000 11.181.971.732 4.003.145.880.056
INFORMASI SAHAM / INFORMATION ON SHARE
95
Grafik Pergerakan Harga Saham 2016Chart of Share Price Movement in 2016
Grafik Pergerakan Harga Saham 2015Chart of Share Price Movement in 2015
2015
0 0
100
200
200
400
300
600
50 100
150
300
250
500350
400
400
SH
AR
ES
PR
ICE
JA
N
JU
LY
MA
R
SE
PT
FE
B
AU
G
AP
R
OC
T
MA
Y
NO
V
JU
NE
DE
C
VO
LU
ME
700
00
10000
15000
20000
25000
30000
400
100 5000
200
300
500
600
SH
AR
ES
PR
ICE
JA
N
JU
LY
MA
R
SE
PT
FE
B
AU
G
AP
R
OC
T
MA
Y
NO
V
JU
NE
DE
C
VO
LU
ME
2016
96
Pemegang Saham /Shareholder
Saham / Shares
Lembar Saham / Shares
Nominal (Rp100/saham) / Nominal Values (Rp100/
share)%
Modal Dasar /Authorized Capital
40.000.000.000 4.000.000.000.000
Modal Ditempatkan danDisetor / Issued and Paid Up Capital
PT Grahatama Kreasibaru 4.136.971.279 413.697.127.900 37,00
UBS AG Singapore S/A Anemone Continental SA
2.473.154.873 247.315.487.300 22,12
DB Spore DCS A/C VP Bank For Star East Development Corporation
2.307.593.000 230.759.300.000 20,64
Elysium InvestmentPartners Limited
2.012.754.912 201.275.491.200 18,00
Masyarakat / Public 251.497.668 25.149.766.800 2,24
Jumlah Modal Ditempatkan & Disetor Penuh /Total Issued & Paid UpCapital
11.181.971.732 1.118.197.173.200 100,00
Nama dan Persentase Pemegang Saham
Rincian informasi mengenai nama pemegang
saham terbesar, pemegang saham yang
memiliki saham lebih dari 5%, serta pemegang
saham masyarakat dengan kepemilikan
saham masing-masing kurang dari 5% sebagai
berikut:
Name and Percentage of Shareholders
Details on the information about the name of
majority shareholders, shareholders with more
than 5% of shares and public shareholders with
less than 5% of shares are as follows:
97
Nama / Name Jabatan / PositionKepemilikan
Lembar Saham / Shares Ownership
Persentase (%) /Percentage
Karel Patipeilohy Komisaris / Commissioner
1.000.000 0,01
Patrick Santosa Rendradjaja
Direktur / Director 5.000.000 0,04
Diana Solaiman Direktur / Director 3.750.000 0,03
Sedangkan informasi anggota Direksi dan
Dewan Komisaris yang memiliki saham
Perseroan baik langsung maupun tidak
langsung, sebagai berikut:
Meanwhile, information on members of the
Board of Directors and Board of Commissioners
who have shares in the Company, both directly
and indirectly, is described in the following
table:
Klasifikasi / Classification Nominal Persentase / Percentage (%)
Kepemilikan Institusi Lokal /Local Institution Shareholding
423.105.224.500 37,84%
Kepemilikan Institusi Asing /Foreign Institution Shareholding
689.501.128.500 61,66%
Kepemilikan Individu Lokal /Local Individual Shareholding
5.490.820.200 0,49%
Kepemilikan Individu Asing / Foreign Individual Shareholding
100.000.000 0,01%
Jumlah Pemegang Saham dan Persentase Kepemilikan Berdasarkan Klasifikasi /Number of Shareholders and Shareholding Percentage Based on Classification
Informasi Mengenai Pemegang Saham Utama dan Pengendali / Information on Main and Controlling Shareholders
37,00%
22,12%
20,64%
18,00%
2,24%
PT Grahatama Kreasibaru
DB Spore DCS A/C VP Bank For Star East Development
UBS AG Singapore S/A Anemone Continental SA
PT Indonesian Paradise Property TbkHARRIS Hotel Tuban - Bali
Elysium Investment Partners Ltd
Masyarakat / Public
98
StrukturGrupGroup Structure
37,00%
22,12%
20,64%
18,00%
2,24%
PT Grahatama Kreasibaru
DB Spore DCS A/C VP Bank For Star East
Development
UBS AG Singapore S/A Anemone
Continental SA
Elysium Investment Partners Ltd
Masyarakat / Public
PT Indonesian Paradise Property Tbk
HARRIS Hotel Tuban - Bali
99
99,98%
27,50%
55%
95%
26,03%
55%
55%0,1%
99,90%
55%
99,90%
60% 51%
99,99%
99,90%
92,73%
99,90%
1,00%
75,00%51%
51%
33,34%
51% PT Aneka Bina LarasHARRIS Suites fx Sudirman –
Jakarta
PT Indonesia Gemilang Mahasentosa
PT Omega PropertindoWisma Milenia - Jakarta
PT Dinamika Putra PerkasaPT Magna Terra
Cikini Gold Center - Jakarta
PT Padma SuasaHARRIS Suites fx
Sudirman – Jakarta
PT Kega Property UtamaPOP! Hotel Sangaji -
Yogyakarta
PT Praba Kumala SajatiPark23 Entertainment
Center - Bali
PT Mitra Gemilang Mahacipta PT Toba Karya Sejahtera
PT Java Paradise IslandHARRIS Hotel Tebet - Jakarta
PT Retzan IndonusaHARRIS Hotel Batam Center -
Batam
PT Anugerah NusarayaHARRIS Resort Waterfront - Batam
PT Indonesian Paradise IslandHARRIS Resort Kuta Beach Bali
beachwalk Shopping Center - BaliSheraton Bali Kuta Resort
PT Plaza Indonesia Realty TbkPlaza Indonesia
Shopping Center - JakartaGrand Hyatt - Jakartafx Sudirman - Jakarta
Keraton at The Plaza Hotel The Luxury Collection - Jakarta
PT Eka Ilalang Suryadinamika
PT Mitra Perdana Nuansa PT Trimurti Tunggal Sejahtera
PT Paloma Suasa Manajemen
PT Karsa Citra Unggul PT Segara Biru KencanaMaison Aurelia - Bali
PT Saranausaha Jaya
100
Kronologi pencatatan dan perubahan jumlah
saham sejak awal pencatatan sampai akhir
tahun buku per 31 Desember 2016 adalah
sebagai berikut:
Pada tanggal 1 Desember 2004, Perseroan
pertama kali mencatatkan sahamnya di Bursa
Efek Surabaya sejumlah 240 juta lembar dengan
jumlah nilai nominal Rp24.000.000.000.
Sesuai dengan keterbukaan informasi
yang telah disampaikan Perseroan dalam
Pernyataan Pendaftaran Perusahaan Publik
yang telah disetujui oleh Badan Pengawas
Pasar Modal (BAPEPAM):
o Obligasi Perseroan dikonversikan menjadi
saham Perseroan oleh Premiere Estates
Limited sebanyak 330 juta lembar dengan
nilai nominal Rp33.000.000.000. Konversi
ini resmi dicatatkan di Bursa Efek Surabaya
pada tanggal 17 Desember 2004.
o Perseroan melakukan transaksi tukar-
menukar saham (share swap) dengan
Anemone Continental S.A. sebanyak
949 juta lembar dengan nilai nominal
Rp94.900.000.000. Transaksi ini resmi
tercatat di Bursa Efek Surabaya pada
tanggal 27 Desember 2004.
Sehingga, total jumlah saham Perseroan
meningkat menjadi 1.519.000.000 lembar
dengan nilai nominal Rp151.900.000.000.
Perseroan melakukan Penambahan Modal
Tanpa hak Memesan Efek Terlebih Dahulu
dengan menerbitkan saham baru sejumlah
75 juta lembar dengan nilai nominal
The share listing chronology and changes in
the number of share since the start of listing
up to the end of fiscal year of 31 December
2016 is as follows:
On 1 December 2004, the Company first
listed its shares of 240 million shares on
Surabaya Stock Exchange with nominal
value of Rp24,000,000,000. In accordance
with information disclosure submitted by
the Company in Registration Statement of
Public Company, approved by Capital Market
Supervisory Board (BAPEPAM):
o The Company’s Bonds were converted
into Company shares by Premiere
Estates Limited of 330 million shares with
nominal value of Rp33,000,000,000. This
conversion was officially listed on Surabaya
Stock Exchange on 17 December 2004.
o The Company conducted share swap
with Anemone Continental S.A of 949
million shares with nominal value of
Rp94,900,000,000. This transaction was
officially listed on Surabaya Stock Exchange
on 27 December 2004.
The Company’s total shares increased to
1,519,000,000 shares with nominal value of
Rp151,900,000,000. The Company conducted
Capital Addition Without Pre-Emptive Rights
by issuing 75 million new shares with nominal
value of Rp7,500,000,000. This action was
listed on Surabaya Stock Exchange on 14
KronologiPencatatanSahamShare ListingChronology
101
Rp7.500.000.000. Langkah ini resmi tercatat
di Bursa Efek Surabaya pada tanggal 14
Juli 2005. Dengan demikian, total jumlah
saham Perseroan meningkat menjadi
1.594.000.000 lembar dengan nilai nominal
Rp159.400.000.000.
Terkait proses merger antara Bursa Efek
Jakarta dengan Bursa Efek Surabaya yang
kemudian membentuk Bursa Efek Indonesia,
perdagangan saham Perseroan dihentikan
sementara sejak tanggal 1 Desember 2007.
Pemberhentian perdagangan sementara
ini dilakukan dengan pertimbangan saham
Perseroan tidak aktif diperdagangkan dan
jumlah Pemegang Saham Publik Perseroan
masih di bawah jumlah minimal yang
disyaratkan Bursa Efek Indonesia.
Agar perdagangan bisa dibuka kembali, pada
tahun 2009, PT Grahatama Kreasibaru, sebagai
Pemegang Saham Pengendali Perseroan,
melaksanakan Penawaran Umum Atas
Kepemilikan Saham PT Grahatama Kreasibaru
pada Perseroan. Penawaran umum Perdana
Saham ini mencakup sejumlah 180.000.000
(seratus delapan puluh juta) Saham Biasa Atas
Nama yang merupakan saham lama dengan
nilai nominal Rp100 (seratus rupiah) per
saham. Harga yang ditawarkan ke masyarakat
adalah Rp115 (seratus lima belas rupiah) setiap
saham.
Adapun hasil Penawaran umum Saham yang
dilaksanakan pada 19–21 Oktober 2009
adalah sebagai berikut:
July 2015. Therefore, the Company’s total
shares increased to 1,594,000,000 shares with
nominal value of Rp159,400,000,000.
On the merger between Jakarta Stock
Exchange with Surabaya Stock Exchange
into Indonesia Stock Exchange, the Company
temporarily suspended its share trading activity
since 1 December 2007. The temporary trade
suspension was conducted in consideration
of the Company’s inactive traded shares and
the number of Public Shareholders, which
was below the minimum requirements of
Indonesia Stock Exchange.
In order to reopen the trade, in 2009, PT
Grahatama Kreasibaru, as Controlling
Shareholder of the Company, conducted Right
Issue for Shares Ownership of PT Grahatama
Kreasibaru to the Company. The Initial Right
Issue consisted of 180,000,000 (one hundred
eighty million) Registered Shares, which was
considered as old share with nominal value of
Rp100 (one hundred Rupiah) per share. The
price offered to the public was Rp115 (one
hundred fifteen Rupiah) per share.
The Proceeds of Right Issue on 19-21 October
2009 was as follows:
Keterangan /Description
JumlahPemesanan /
Total Subscriber
Jumlah Saham / Total Shares
Jumlah UangPemesanan (Rp) /
Amount ofSubscription (Rp)
%Perseratus/ Percent
Total Penawaran / Total Offering
- 180.000.000 20.700.000.000 100
Total Pemesanan / Total Subscription
534 179.639.000 20.658.485.000 100
Sisa Penawaran / Unsubscriber
361.000 41.515.000 100
102
Dengan dilaksanakannya Penawaran umum
Saham tersebut, Perseroan telah mampu
meningkatkan kepemilikan saham guna
memenuhi ketentuan persyaratan jumlah
saham yang dimiliki oleh Pemegang Saham
Minoritas. Sehingga, berdasarkan surat
No.S-05577/BEI.PSJ/10-2009 tanggal 29
Oktober 2009, Bursa Efek Indonesia telah
mencabut penghentian sementara (suspensi)
perdagangan Efek Perseroan.
Pada tahun 2010, Perseroan melakukan
pengembangan usaha dengan melaksanakan
penggabungan usaha (Merger) dengan PT
Tirta Saga Wangi yang masih merupakan
perusahaan afiliasi Perseroan. PT Tirta Saga
Wangi meleburkan diri ke dalam Perseroan,
sehingga semua perusahaan anak dan
perusahaan asosiasi PT Tirta Saga Wangi
menjadi perusahaan anak dan perusahaan
asosiasi Perseroan. Usai proses penggabungan
usaha dilakukan, PT Tirta Saga Wangi bubar
demi hukum tanpa harus didahului proses
likuidasi.
Atas Pernyataan Pendaftaran untuk
Penggabungan Usaha tersebut, telah diperoleh
pernyataan efektif dari Badan Pengawas
Pasar Modal dan Lembaga Keuangan
berdasarkan Surat Ketua Bapepam dan LK
No. S-4500/BL/2010 tanggal 20 Mei 2010
Perihal Pemberitahuan Efektifnya Pernyataan
Penggabungan usaha.
Penggabungan usaha tersebut juga telah
mendapat persetujuan dari Rapat Umum
Pemegang Saham Luar Biasa Perseroan pada
25 Mei 2010. Pelaksanaannya dilakukan pada
1 Juni 2010. Dalam penggabungan usaha
tersebut, setiap 1 (satu) saham PT Tirta Saga
Wangi ditukar dengan 4,7 saham Perseroan.
Berikut adalah tabel susunan Pemegang
Saham Perseroan sebelum dan setelah
Penggabungan usaha pada tanggal 1 Juni
2010:
With the execution of Right Issue, the Company
successfully increased its shares ownership
to meet the required total shares owned by
Minority Shareholders. Pursuant to letter
No.S-05577/BEI.PSJ/10-2009 on 29 October
2009, Indonesia Stock Exchange revoked the
suspension of the Company’s Securities trade.
In 2010, the Company developed its business
through Merger with PT Tirta Saga Wangi,
which was an affiliated company. PT Tirta Saga
Wangi merged with the Company, thus making
all subsidiaries and associated companies of
PT Tirta Saga Wangi became the Company’s
subsidiaries and associated companies.
Following the merger, PT Tirta Saga Wangi was
dissolved by law without liquidation process.
Based on the Registration Statement for
Business Merger above, the Company received
effective statement from Capital Market
Supervisory Board and Financial Institution
based on Letter from Chairman of Bapepam-
LK No. S-4500/BL/2010 on 20 May 2010 on
the Effective Statement of Business Merger.
The merger had been approved by the
Extraordinary General Meeting of Shareholders
on 25 May 2010 and conducted on 1 June
2010. In the merger, each 1 (one) share of
PT Tirta Saga Wangi was exchanged with 4.7
shares of the Company.
The following is the table of the Company’s
Shareholders composition before and after
Business Merger on 1 June 2010:
103
Pemegang saham /Shareholders
Sebelum Konversi / Before ConversionSesudah Konversi / After Conversion
Perseroan /The Company
PT Tirta Saga WangiPerseroan
/ The Company
Jumlah Saham / Total Shares
%Jumlah Saham / Total Shares
%Jumlah Saham / Total Shares
%
Modal Dasar / Authorized Capital
5.000.000.000 100,00 250.000.000 100,00 5.000.000.000 100,00
Modal Ditempatkan dan Disetor Penuh / Issued and Paid Capital
Anemone Capital SA 949.000.000 59,54 - - 949.000.000 39,36
PT Grahatama Kreasibaru 129.861.000 8,15 173.785.500 99,999 946.652.850 39,27
CB London S/A BSI SA 223.000.000 13,99 - - 223.000.000 9,25
Masyarakat / Public 242.139.000 15,19 - - 242.139.000 10,05
Yayasan Bunga Kasih 50.000.000 3,13 2.500 0,001 50.011.751 2,07
Total Modal Ditempatkan dan Disetor Penuh / Total Issued and Fully Paid Capital
1.594.000.000 100,00 173.788.000 100,00 2.410.803.600 100,00
Pada 2012, Perseroan melaksanakan
Penambahan Modal Tanpa Hak Memesan
Efek Terlebih Dahulu dengan mengikuti
ketentuan Peraturan Bapepam dan LK Nomor
IX.D.4 tentang Penambahan Modal Tanpa Hak
Memesan Efek Terlebih Dahulu, Lampiran
Keputusan Ketua Bapepam dan LK Nomor
Kep-429/BL/2009 tanggal 9 Desember 2009
dan Peraturan Bursa Efek Indonesia Nomor I-A
tentang Pencatatan Saham dan Efek Bersifat
Ekuitas Selain Saham yang diterbitkan oleh
Perusahaan Tercatat.
Penambahan Modal Tanpa Hak Memesan Efek
Terlebih Dahulu Perseroan berupa penerbitan
sebanyak-banyaknya 241.080.360 (dua ratus
empat puluh satu juta delapan puluh ribu tiga
ratus enam puluh) saham biasa pada harga
pelaksanaan sebesar Rp350 (tiga ratus lima
puluh Rupiah) per usaha. Pelaksanaannya
dilakukan secara bertahap, disesuaikan dengan
kebutuhan dari waktu ke waktu dalam jangka
In 2012, the Company conducted Capital
Increase Without Pre-Emptive Rights in
conjunction to the Regulation of Capital Market
Supervisory Board and Financial Institution
(Badan Pengawas Pasar Modal/Bapepam and
LK) No. IX D.4 on Capital Increase Without
Pre-Emptive Rights, Appendix of Decree of
Bapepam and LK Chairman Decision No.
Kep.429/BL/2009 dated 9 December 2009
and Indonesia Stock Exchange Regulation
Number I-A on Shares Listing and Non Shares
Equity type of Marketable Securities issued by
the Listed Company.
The Company’s Capital Increase Without Pre-
Emptive Rights was conducted through the
issuance of 241,080,360 (two hundreds forty
one million eighty thousands three hundred
and sixty) shares with execution price of
Rp350 (three hundred and fifty Rupiah) per
share. Capital Increase Without Pre-Emptive
Rights was conducted in stages, adjusted with
demands from time to time within the period
104
waktu 2 (dua) tahun dan telah mendapat
persetujuan dalam Rapat Umum Pemegang
Saham Luar Biasa pada 19 Juni 2012.
Sampai dengan akhir tahun 2014, Perseroan
telah melaksanakan 3 (tiga) tahap Penambahan
Modal Tanpa Hak Memesan Efek Terlebih
Dahulu:
- Tahap-1 dilakukan pada 24 Juli 2012
dan telah mendapat surat Persetujuan
Pencatatan Efek dari PT Bursa Efek
Indonesia Nomor: S-04996/BEI.PPJ/07-
2012 tanggal 12 Juli 2012. Pengambil
saham Tahap 1 ini adalah PT Saka Guna
Lestari. Hasil Pelaksanaan Penambahan
Modal Tanpa Hak Memesan Efek Terlebih
Dahulu Perseroan Tahap-1 adalah sebagai
berikut:
of 2 (two) years and had been approved in the
Extraordinary General Meeting of Shareholders
on 19 June 2012.
Until the end of 2014, the Company has
conducted 3 (three) stages of Capital Increase
Without Pre-Emptive Rights:
- Stage-1 was conducted on 24 July 2012 that
has received the approval letter of Share
Listings from Indonesian Stock Exchange
No. S-04996/BEI. PPJ /07-2012 dated 12
July 2012, where the party exercising the
shares was PT Saka Guna Lestari. The result
of the Company Capital Increase Without
Pre-Emptive Rights Stage-1 was as follows:
Jumlah saham baru yang diterbitkan Tahap-1 71.000.000 lembar sahamThe 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 pe saham Rp350 (tiga ratus lima puluh Rupiah)Execution Price per share Rp350 (three hundreds and fifty Rupiah)
Nama Pemegang Saham PT Saka Guna LestariName of Shareholder
Jumlah saham biasa PT Indonesian Paradise Property Tbksebelum Penambahan Modal Tanpa Hak MemesanEfek Terlebih Dahulu Tahap - 1The Amount of Ordinary Share of PT Indonesian ParadiseProperty Tbk before Capital Increase Without Pre-EmptiveRights Stage - 1
2.410.803.600
2,410,803,600
Jumlah saham biasa PT Indonesian Paradise Property Tbksetelah Penambahan Modal Tanpa Hak MemesanEfek Terlebih Dahulu Tahap - 1The Amount of Ordinary Share of PT Indonesian ParadiseProperty Tbk after Capital Increase Without Pre-EmptiveRights Stage - 1
2.481.803.600
2,481,803,600
- Tahap-2 dilakukan pada 19 April 2013
dan telah mendapat surat Persetujuan
Pencatatan Efek dari PT Bursa Efek
Indonesia Nomor: S-0810/BEI.PPJ/04-
2013 tanggal 9 April 2013. Pengambil saham
Tahap-2 adalah PT Saka Guna Lestari. Hasil
- Stage-2 was conducted on 19 April 2013
that has received the approval letter of
Shares Listing from PT Bursa Efek Indonesia
No. S-0810/BEI.PPJ/04-2013 dated 9 April
2013, where the party excercising the
shares was PT Saka Guna Lestari. The result
105
Pelaksanaan Penambahan Modal Tanpa hak
Memesan Efek Terlebih Dahulu Perseroan
Tahap-2 adalah sebagai berikut:
of the Company Capital Increase Without
Pre-Emptive Rights Stage-2 was as follows:
Jumlah saham baru yang diterbitkan Tahap-2 37.000.000 lembar sahamThe 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 pe saham Rp380 (tiga ratus delapan puluh Rupiah)Execution Price per share Rp380 (three hundreds and eighty Rupiah)
Nama Pemegang Saham PT Saka Guna LestariName of Shareholder
Jumlah saham biasa PT Indonesian Paradise Property Tbksebelum Penambahan Modal Tanpa Hak MemesanEfek Terlebih Dahulu Tahap - 2The Amount of Ordinary Share of PT Indonesian ParadiseProperty Tbk before Capital Increase Without Pre-EmptiveRights Stage - 2
2.481.803.600
2,481,803,600
Jumlah saham biasa PT Indonesian Paradise Property Tbksetelah Penambahan Modal Tanpa Hak MemesanEfek Terlebih Dahulu Tahap - 2The Amount of Ordinary Share of PT Indonesian ParadiseProperty Tbk after Capital Increase Without Pre-EmptiveRights Stage - 2
2.518.803.600
2,518,803,600
- Stage-3 was conducted on 2 June 2014 that
has received the approval letter of Shares
Listing from Indonesian Stock Exchange
No. S-01943/BEI.PG2/05-2014 dated 19
May 2014 where the party exercising the
shares was PT Saka Guna Lestari. The result
of the Company Capital Increase Without
Pre-Emptive Rights Stage-3 was as follows:
- Tahap-3 dilakukan pada 2 Juni 2014
dan telah mendapat surat Persetujuan
Pencatatan Efek dari PT Bursa Efek
Indonesia Nomor: S-01943/BEI.PG2/05-
2014 tanggal 19 Mei 2014. Pengambil
saham Tahap 3 adalah PT Saka Guna Lestari.
Hasil Pelaksanaan Penambahan Modal
Tanpa Hak Memesan Efek Terlebih Dahulu
Perseroan Tahap-3 adalah sebagai berikut:
Jumlah saham baru yang diterbitkan Tahap-3 40.000.000 lembar sahamThe 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 LestariName of Shareholder
106
PT Saka Guna Lestari, sebagai pihak yang
mengambil saham Perseroan dalam rangkaian
ketiga tahapan pelaksanaan Penambahan
Modal Tanpa Hak Memesan Efek Terlebih
Dahulu Perseroan tersebut di atas, adalah
pihak yang tidak memiliki keterkaitan
dengan Perseroan. PT Saka Guna Lestari
juga bukan merupakan Pemegang Saham
Utama Perseroan maupun pihak terafiliasi
dengan anggota Direksi, Dewan Komisaris
dan Pemegang Saham Utama Perseroan.
Oleh karena itu, transaksi pengambilan saham
baru Perseroan oleh PT Saka Guna Lestari
ini bukan merupakan transaksi afiliasi dan
tidak mengandung benturan kepentingan
sebagaimana dimaksud dalam Peraturan
Bapepam dan LK IX.E.1, Lampiran 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 Umum Terbatas I dengan cara
menerbitkan Hak Memesan Efek Terlebih
Dahulu kepada Para Pemegang Saham
Perseroan dan telah mendapat Pernyataan
Efektif dari Otoritas Jasa Keuangan berdasarkan
surat dari OJK Nomor: S-253/D.04/2015,
tanggal 12 Juni 2015, perihal: Pemberitahuan
Efektifnya Pernyataan Pendaftaran, serta telah
mendapat persetujuan dalam Rapat Umum
Pemegang Saham Luar Biasa Perseroan yang
dilaksanakan pada Penawaran umum Terbatas
I tanggal 12 Juni 2015.
As the shares subscriber in all stages of the
Company Capital Increase Without Pre-
Emptive Rights, PT Saka Guna Lestari is not
associated with the Company and is neither
the major shareholders nor affiliated with
members of Board of Directors, Board of
Commissioners and the Company’s Major
Shareholders. Therefore, the new shares
subscription transaction by PT Saka Guna
Lestari is not considered as the affiliated
transactions as well as a conflict of interest
as referred in the Bapepam and LK Regulation
IX.E.1 Appendix of Chairman Bapepam and
LK’s Decision No. Kep-412/BL/2009 dated
25 November 2009 regarding Affiliated
Transaction and Conflict of Interest on Certain
Transaction.
In 2015, the Company conducted Right Issue
I with Pre-Emptive Rights to the Shareholders,
and had received effective statement from
Financial Services Authority pursuant to OJK
letter No: S-253/D.04/2015 dated 12 June
2015, on: Notification of Effective Registration
Statement, and had been approved in the
Extraordinary General Meeting of Shareholders
conducted during the Rights Issue I on 12 June
2015.
Jumlah saham biasa PT Indonesian Paradise Property Tbksebelum Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap - 3The Amount of Ordinary Share of PT Indonesian Paradise Property Tbk before Capital Increase Without Pre-Emptive Rights Stage - 3
2.518.803.600
2,518,803,600
Jumlah saham biasa PT Indonesian Paradise Property Tbk setelah Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu Tahap - 3The Amount of Ordinary Share of PT Indonesian Paradise Property Tbk after Capital Increase Without Pre-Emptive Rights Stage - 3
2.558.803.600
2,558,803,600
107
Uraian Pelaksanaan Penawaran Umum Terbatas I Perseroan adalah sebagai berikut / The description of Right Issue I Implementation is as follows:
Jenis efek yang ditawarkan/ Securities type offered
Hak Memesan Efek Terlebih Dahulu/ Pre-Emptive Rights
Jumlah Hak Memesan Terlebih Dahulu
Total Pre-Emptive Rights
Sebanyak 8.623.168.132 (delapan miliar enam ratus dua puluh tiga juta 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 one hundred thirty two) New Shares issued by the company's portfolio with fair and equal rights in all aspects with issued and fully paid Registeres Shares.
Nilai Nominal
Nominal Value
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 Rp862,316,813,200 (eight hundred sixty two billion three hundred sixteen million eight hundred thirteen thousand two hundred Rupiah)
Harga Pelaksanaan Hak Memesan Terlebih Dahulu per saham
Pre-Emptive Rights Impementation price per share
Rp325 (tiga ratus dua puluh lima Rupiah), sehingga keseluruhan dana yang akan diterima Perseroan sebesar Rp2.802.529.642.900 (dua triliun delapan 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 hundred and two billion five hundred twenty nine million six hundred forty two thousand nine hundred Rupiah)
Rasio Konversi
Convertion Ratio
100 (seratus) Saham lama berhak atas 337 (tiga ratus tiga puluh tujuh) Hak Memesan Terlebih Dahulu
100 (one hundred) Rights Issue on 337 (three hundred thity seven) Pre-Emptive Rights
Maksimum dilusi kepemilikan saham perseroanMaximum diluted shares ownership
77,12% (tujuh puluh tujuh koma dua belas persen) 77.12% (seventy seven point twelve percent)
Atas Saham Baru tersebut telah dicatatkan
di Bursa Efek Indonesia merupakan saham
biasa atas nama yang akan memberikan
kepada pemegangnya semua hak yang dapat
dijalankan oleh setiap Pemegang Saham
Perseroan serta merupakan saham yang sama
dan sederajat dengan saham-saham yang
telah dicatatkan sebelumnya oleh Perseroan.
The New Shares that were listed on Indonesia
Stock Exchange were registered shares that
would grant rights to be implemented by
the Company’s Shareholders. The registered
shares had fair and equal values with other
previously-listed shares of the Company.
108
The parties acting as Standby Buyers were:
Penta Pacific Holdings Limited and Elysium
Investment Partners Limited. The Standby
Buyers had no affiliation with the Company.
In this Right Issue I, in order to maintain its
ownership in the Company, PT Grahatama
Kreasibaru as the Shareholder of 37% of the
Company’s shares declared its capability and
implemented its rightful Pre-Emptive Rights.
The Pre-Emptive Rights has been performed,
resulting in the Company’s total listed share
of 11,181,971,732 (eleven billion one hundred
eighty one million nine hundred seventy
one thousand seven hundred thirty two)
Registered Common Stocks which consist of
2,558,803,600 (two billion five hundred fifty
eight million eight hundred three thousand
six hundred) issued shares and 8,623,168,132
(eight billion six hundred twenty three million
one hundred sixty eight thousand one hundred
thirty two) New Shares derived from Right
Issue I, each share valued Rp100 (one hundred
Rupiah) per share.
Pihak yang bertindak selaku Pembeli Siaga
adalah Penta Pacific Holdings Limited dan
Elysium Investment Partners Limited, dimana
para Pembeli Siaga tersebut bukan merupakan
pihak yang terafiliasi dengan Perseroan. Dalam
Penawaran umum Terbatas I ini, PT Grahatama
Kreasibaru selaku Pemegang Saham Perseroan
sebesar 37%, guna mempertahankan
kepemilikannya dalam Perseroan, telah
menyatakan kesanggupan dan melaksanakan
hak Memesan Efek Terlebih Dahulu yang
menjadi haknya.
Seluruh hak Memesan Efek Terlebih Dahulu
tersebut telah dilaksanakan sehingga jumlah
saham Perseroan yang dicatatkan menjadi
sebesar 11.181.971.732 (sebelas miliar seratus
delapan puluh satu juta sembilan ratus tujuh
puluh satu ribu tujuh ratus tiga puluh dua)
Saham Biasa Atas Nama yang terdiri dari
2.558.803.600 (dua miliar lima ratus lima
puluh delapan juta delapan ratus tiga ribu
enam ratus) Saham Lama dan 8.623.168.132
(delapan miliar enam ratus dua puluh tiga
juta seratus enam puluh delapan ribu seratus
tiga puluh dua) Saham Baru yang berasal dari
Penawaran umum Terbatas I, masing-masing
dengan nilai nominal Rp100 (seratus Rupiah)
setiap lembar saham.
Jumlah saham baru yang diterbitkan
Penawaran Umum Terbatas I
The amount of new shares issued on Right issue I
8.623.168.132 lembar saham
8,623,168,132 shares
Harga Nominal per saham
Nominal Value per share
Rp100 (seratus rupiah)
Rp100 (one hundred Rupiah)
Harga Pelaksanaan per saham
Execution Price per share
Rp325 (tiga ratus dua puluh lima Rupiah)
Rp325 (three hundred and twenty five
Rupiah)
Jumlah saham biasa PT Indonesian Paradise
Property Tbk sebelum Penawaran Umum Terbatas I
The Amount of Ordinary Share of PT Indonesian
Paradise Property before Rights Issue I
2.558.803.600
2,558,803,600
Jumlah saham biasa PT Indonesian Paradise
Property Tbk setelah Penawaran Umum Terbatas I
The Amount of Ordinary Share of PT Indonesian
Paradise Property after Rights Issue I
11.181.971.732
11,181,971,732
109
Corporate Actions
In the last 2 (two) fiscal years, 2016 and 2015,
the Company did not execute any corporate
action that is related to stock split, reverse
stock, share dividend, bonus shares and value
depreciation.
Information on Bonds, Sharia Bonds or
Convertible Bonds that Were Outstanding
in the Last 2 (Two) Fiscal Years
The Company has no information on bonds,
sharia bonds or convertible bonds that were
outstanding in the last 2 (two) fiscal years.
Hence, information on total outstanding
bonds/sharia bonds/convertible bonds;
interest/benefit rate; maturity date; and
bonds/sharia bonds rating in 2015 and 2016 is
not available in this Annual Report.
Chronology of Other Securities Listing
In 2016, the Company did not execute other
securities listing; hence, information on this
matter is not available in this Annual Report.
Information on Dividend Policy
In regard to dividend distribution, the
Company needs to obtain approval from
the Annual General Meeting of Shareholders
with dividend payment ratio determined in
the Annual General Meeting of Shareholders
after the fiscal year. During the period of
2016 fiscal year, the Annual General Meeting
of Shareholders has approved to distribute
dividend from the net profit of the Company for
2015 fiscal year and the remaining funds from
the profit will be posted as Retained Earnings.
In 2015, the General Meeting of Shareholders
agreed to not distribute dividend.
Information on dividend payment in 2016 is as
follows:
Aksi Korporasi
Dalam 2 (dua) tahun buku terakhir yaitu
untuk tahun buku 2016 dan tahun buku 2015
Perseroan tidak melaksanakan aksi korporasi
yang berhubungan dengan pemecahan saham
(stock split), penggabungan saham (reverse
stock), dividen saham, saham bonus maupun
penurunan nilai saham.
Informasi Mengenai Obligasi, Sukuk atau
Obligasi Konversi yang masih Beredar
dalam 2 (Dua) Tahun Buku Terakhir
Perseroan tidak memiliki informasi mengenai
obligasi, sukuk atau obligasi konversi yang
masih beredar dalam 2 (dua) tahun buku
terakhir. Sehingga, informasi mengenai jumlah
obligasi/sukuk/obligasi konversi yang beredar
(outstanding); tingkat bunga/imbalan; tanggal
jatuh tempo; dan peringkat obligasi/sukuk
tahun 2015 dan 2016 tidak dapat dibahas
dalam Laporan Tahunan ini.
Kronologi Pencatatan Efek Lainnya
Pada tahun 2016, Perseroan tidak melakukan
pencatatan efek lainnya, sehingga informasi
mengenai hal tersebut tidak dapat disajikan
dalam Laporan Tahunan.
Informasi Kebijakan Dividen
Perseroan harus mendapat persetujuan dari
Rapat Umum Pemegang Saham Tahunan
dalam hal pembagian dividen dengan
rasio pembayaran dividen yang ditetapkan
pada pelaksanaan Rapat Umum Pemegang
Saham Tahunan setelah tahun buku. Selama
periode tahun buku 2016, Rapat Umum
Pemegang Saham Tahunan telah setuju untuk
membagikan dividen dari laba bersih Perseroan
tahun buku 2015 dan sisa dari laba tersebut
akan dibukukan dalam saldo Laba Perseroan
Yang Masih Ditahan. Sedangkan pada tahun
2015, Rapat Umum Pemegang Saham sepakat
untuk tidak melakukan pembagian dividen.
Informasi mengenai pembagian dividen pada
tahun 2016 sebagai berikut:
110
Program Kepemilikan Saham oleh
Karyawan dan Manajemen
Perseroan tidak memiliki program kepemilikan
saham oleh karyawan dan manajemen.
Employee and Management Stock Option
Plan
The Company does not possess any employee
and management stock option plan
Keterangan / Description 2016 2015
Tanggal Pembayaran Dividen/ Date of Dividend Payment
14 Juli 2016 /14 July 2016
Tidak ada pembagian dividen / No DividendPaymentJumlah Dividen Kas per Saham
/ Total Cash Dividend per ShareRp1,50
Jumlah Dividen per Tahun yang Dibayar / Total Dividend Payment of the Year
Rp 16.772.957.598
Seluruh dana hasil penawaran umum
dialokasikan dan digunakan untuk
pengembangan usaha. Penggunaan dana
tersebut juga telah dilaporkan kepada bursa
efek dan Otoritas Jasa Keuangan.
All proceeds from public offering have been
allocated and used for business expansion.
The use of proceeds have been reported to
the stock exchange and Financial Services
Authority.
Realisasi Penggunaan Dana Hasil Penawaran Umum / Use of Proceeds from Public Offering
Jenis Penawaran
Umum / Type of PublicOffering
Tanggal Efektif /Effective
Date
Jumlah Hasil Penawaran Umum / Total Proceeds from
Public Offering
Biaya Penawaran
Umum / Public
Offering Fee
Hasil Bersih / Net Proceeds
Penawaran Umum dengan Hak Memesan Efek TerlebihDahulu / Public Offering withPre-emptive Rights
25 Juni 2015 /
June 25, 2015
Rp 2.802.529.642.900 Rp4.111.514.160 Rp 2.798.418.128.740
111
HALAMAN INI SENGAJA DIKOSONGKAN
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112
113
Analisis danPembahasanManajemen
Management Discussion and Analysis
114
TINJAUAN MAKROEKONOMI
DAN INDUSTRI
Berdasarkan data Bank Indonesia,
perekonomian Indonesia menunjukkan
kinerja yang membaik ditopang oleh
permintaan domestik yang tetap terjaga.
Pertumbuhan ekonomi pada tahun 2016
diperkirakan mencapai 5,0% (yoy), pencapaian
ini mengalami peningkatan dibandingkan
pada tahun 2015 sebesar 4,8%. Pertumbuhan
ekonomi yang membaik ini didukung oleh
konsumsi dan investasi, khususnya bangunan,
yang tercatat cukup kuat. Konsumsi rumah
tangga pada tahun 2016 juga diperkirakan
masih tumbuh cukup kuat dalam menopang
pertumbuhan ekonomi. Sementara konsumsi
pemerintah pada tahun 2016 diperkirakan
menurun yang dipengaruhi oleh base effect
tahun 2015 serta kebijakan penghematan
belanja pemerintah sejak bulan Agustus 2016.
Di sisi lain, perkembangan investasi pada tahun
2016 diperkirakan masih cukup baik terutama
bersumber dari investasi bangunan.
Pertumbuhan bisnis perhotelan sepanjang
tahun 2016 sangat dipengaruhi oleh
pertumbuhan ekonomi nasional. Kondisi
ekonomi dalam negeri yang mengarah pada
perbaikan meningkatkan potensi pertumbuhan
bisnis perhotelan. Data Badan Pusat Statistik
(BPS) menjelaskan bahwa tingkat hunian
kamar di Indonesia pada tahun 2016 mencapai
rata-rata 56,5% sedikit menurun dibandingkan
tingkat hunian pada tahun 2015 yang sebesar
57,25%.
MACROECONOMIC AND INDUSTRIAL
OVERVIEW
Based on the data released by Bank Indonesia,
the nation’s economy begins to demonstrate
stronger performance supported by stable
domestic demands. Indonesian economic
growth in 2015 was recorded at the level
of 5.0% (yoy), showing an improvement
compared to the growth of 2015 at 4.8%.
Such positive growth was supported by robust
consumption and investment, particularly
in building sector. Household consumption
in 2016 also remained relatively strong in
supporting economic growth. Meanwhile,
government spending in 2016 declined due to
the base effect of 2015 as well as the efficiency
policy implemented on state expenditure since
August 2016. On the other hand, investment
development during the year was also quite
positive, especially in terms of infrastructure
investment.
The growth of hospitality business during
2016 was heavily influenced by the national
economic condition, which, as it was on an
upward trend, the hospitality industry began
to also demonstrate positive performance and
growth potential. Data issued by the Statistics
Indonesia (BPS) stated that room occupancy
rate in Indonesia in 2016 reached 56.5%,
slightly lower than the occupancy rate of 2015
at 57.25%.
Analisis dan Pembahasan ManajemenManagement Discussionand Analysis
115
Di sisi lain, kebijakan pemerintah melalui
Kementerian Pariwisata dan Ekonomi Kreatif
terus mempromosikan Indonesia sebagai
tujuan wisata untuk turis-turis asing dengan
kampanye "Wonderful Indonesia". Berdasarkan
data Badan Pusat Statistik, jumlah kunjungan
wisatawan mancanegara ke Indonesia hingga
November 2016 mencapai sekitar 1 juta
kunjungan, tumbuh 19,98% dibandingkan
periode yang sama tahun 2015 sebanyak
835,41 ribu. Sedangkan wisatawan nusantara
berdasarkan data Pusdatin Kemenparekraft
hingga Oktober 2016 mencapai sekitar 6,68
juta kunjungan.
Pertumbuhan ekonomi yang terjaga yang
didukung dengan potensi keindahan alam
serta keragaman dan keunikan budaya, dapat
mendorong pertumbuhan bisnis perhotelan
dan pariwisata dalam negeri. Hal ini juga turut
berpengaruh pada kinerja dan pertumbuhan
bisnis Perseroan.
Sementara itu, industri properti pada tahun
2016 mengalami pertumbuhan dengan
berbagai penerapan regulasi yang dilakukan.
Beberapa hal yang menumbuhkan industri
properti antara lain penetapan suku bunga
Kredit Kepemilikan Rumah (KPR) yang lebih
murah, tingkat Loan to Value (LTV) yang
mencapai 15%, serta penetapan Tarif Pajak
Penjualan yang lebih rendah. Dapat kami
sampaikan juga bahwa, pertumbuhan industri
properti juga dipicu oleh consumer confident
serta kondisi politik yang relatif stabil. Kondisi
ini mampu menciptakan pertumbuhan usaha
bagi Perseroan.
TINJAUAN OPERASI PER SEGMEN USAHA
Perseroan yang merupakan perusahaan yang
bergerak bidang penyediaan akomodasi
(hotel) dan melakukan penyertaan dalam
bentuk saham pada entitas lain, memiliki
segmen usaha yang terdiri dari hotel dan pusat
perbelanjaan.
Government’s policy, implemented by the
Ministry of Tourism and Creative Economy
(Kemenparekraf), was to continuously
promote Indonesia as the tourism destination
for foreign tourists with the campaign entitled
“Wonderful Indonesia”. According to the
data from Statistics Indonesia, total foreign
tourists visited Indonesia as of November 2016
amounted to 1 million visits, grew by 19.98%
compared to the total visits in the same period
in 2015 recorded at 835.41 thousand visits. In
addition, Pusdatin Kemenparekraf recorded
6.68 million visits from domestic tourists
throughout 2016.
The relatively stable economic growth,
supported by the potential natural resources
as well as culture diversity and uniqueness,
may encourage the growth of domestic
hospitality and tourism business which, in
turn, shall influence the Company’s business
performance and growth.
Meanwhile, property industry in 2016
experienced a growth due to the
implementation of various regulations in the
country. Several factors contributing to this
growth were, among others, more affordable
interest rate for Housing Loan (KPR), Loan
to Value (LTV) rate which reached 15% and
determination of lower Sales Tax Tariff.
Moreover, the growth in property industry
was also triggered by the rising consumer
confidence as well as relatively stable policital
confition. Hence, with the growth in property
industry, the Company’s business also grew
during the year.
OPERATIONAL OVERVIEW PER BUSINESS
SEGMENT
The Company engages in accommodation
(hotel) service and makes investments in the
form of share in other entities. Its business
segments comprise hotels and shopping
centers.
116
HOTELHARRIS Hotel Tuban – Bali
Pembangunan dan kepemilikan HARRIS Hotel
Tuban – Bali yang mulai beroperasi pada
bulan Oktober 2002 menjadi kegiatan usaha
pertama Perseroan. HARRIS Hotel Tuban –
Bali merupakan hotel di Bali yang terletak di
Jalan Dewi Sartika, Tuban, Bali. Dengan lokasi
yang sangat strategis, berdampingan dengan
Bandara Internasional Ngurah Rai, berdekatan
dengan Pantai Tuban di Kuta Selatan, serta
terletak tidak jauh dari pusat perbelanjaan
Kuta menjadi pilihan paling tepat bagi turis
domestik maupun internasional.
Dibangun di atas lahan seluas 4.500 m2,
Perseroan memberikan jasa akomodasi hotel
dengan nuansa modern minimalist dengan
147 kamar yang dilengkapi dengan berbagai
fasilitas, seperti kolam renang, coffee shop,
gym & spa, ruang rapat dan lain-lain menjadi
nilai tambah yang menarik. Selain cocok
untuk tamu-tamu yang sedang melakukan
perjalanan bisnis, HARRIS Hotel Tuban – Bali
juga menjadi pilihan tepat bagi keluarga yang
ingin berlibur dengan nyaman.
Pada tahun 2016, persentasi okupansi HARRIS
Hotel Tuban – Bali mampu mencapai 70,01%
lebih tinggi dibandingkan pada tahun 2015
sebesar 60,22%, dengan tingkat average room
rate pada tahun 2016 sebesar Rp364.563.
HARRIS Resort Kuta Beach – Bali
HARRIS Resort Kuta Beach – Bali berada pada
tempat yang strategis dan berjarak hanya
beberapa langkah dari pantai Kuta. Hotel ini
memiliki 191 kamar dengan pemandangan
sangat ideal yang dapat memberikan kepuasan
bagi pengunjung. Pada tahun 2016, persentasi
okupansi HARRIS Resort Kuta Beach – Bali
mencapai 72,86% sedikit turun dari 74,98%
pada tahun 2015, dengan tingkat average room
rate pada tahun 2016 sebesar Rp606.503.
HOTELSHARRIS Hotel Tuban – Bali
The development and ownership of HARRIS
Hotel Tuban – Bali, which began to operate
in October 2002, is the initial business activity
of the Company. HARRIS Hotel Tuban – Bali
is a hotel in Bali that is positioned on Jalan
Dewi Sartika, Bali, in a strategic location next
to Ngurah Rai International Airport, close
to Tuban Beach in South Kuta and just a few
minutes away from Kuta shopping center;
such a perfect spot to stay for both domestic
and international tourists.
Built on 4,500 m2 land, HARRIS Hotel Tuban
– Bali is a hotel conceptually designed in a
modern-minimalist style that has 147 rooms
and various facilities, such as swimming pool,
coffee shop, gym & spa, meeting rooms, and
others to complement its attraction and value.
HARRIS Hotel Tuban – Bali is suitable for
business travelers and a great choice for family
who wish to enjoy comfortable experience on
vacation.
In 2016, the occupancy rate of HARRIS Hotel
Tuban – Bali reached 70.01%, higher than the
rate of 2015 at 60.22%, with average room rate
of 2016 at Rp364,563.
HARRIS Resort Kuta Beach – Bali
HARRIS Resort Kuta Beach – Bali is situated
in a strategic area within walking distance of
Kuta Beach. The hotel has 191 rooms with ideal
vista that will satisfy the guests. In 2016, the
occupancy rate of HARRIS Resort Kuta Beach
– Bali reached 72.86%, slightly lower than the
rate of 2015 at 74.98%, while the average room
rate was recorded at Rp606,503.
117
Sheraton Bali Kuta Resort – Bali
Sheraton Bali Kuta Resort – Bali dilengkapi
dengan 203 kamar dengan suite yang luas
dan teletak di lokasi yang sangat strategis.
Dengan keunggulan tersebut, Sheraton Bali
Kuta Resort – Bali pada tahun 2016 mampu
mencatatkan tingkat presentase okupansi
sebesar 84% naik dari 80,28% pada tahun
2015, dengan tingkat average room rate pada
tahun 2016 sebesar Rp1.805.549.
POP! Hotel Sangaji – Yogyakarta
POP! Hotel Sangaji – Yogyakarta menjadi salah
satu destinasi hotel bagi para wisatawan. Pada
tahun 2016, POP! Hotel Sangaji – Yogyakarta
meraih tingkat presentase okupansi sebesar
55,9% sedikit turun dari tahun 2015 sebesar
59,75%, dengan tingkat average room rate
pada tahun 2016 sebesar Rp306.375.
HARRIS Suites fx Sudirman - Jakarta
Berdiri di tengah kota Jakarta, dengan akses
berjalan langsung ke fX Sudirman Mall, Bursa
Efek, Senayan Sport Complex, Senayan Golf
Course, Plaza Senayan, Senayan City, HARRIS
Suites fX Sudirman – Jakarta menjadi tempat
sempurna untuk menetap dalam jangka
pendek maupun jangka panjang. Pada tahun
2016, HARRIS Suites fX Sudirman - Jakarta
mencatatkan tingkat presentase okupansi
sebesar 76,74% dengan tingkat average room
rate pada tahun 2016 sebesar Rp837.309.
HARRIS Hotel Batam Center – Batam
Menghadap laut, satu menit dari terminal Ferry
Internasional Batam Centre, dan dapat berjalan
kaki ke pusat perbelanjaan dan kantor-kantor
pemerintahan, HARRIS Hotel Batam – Center
merupakan tempat yang nyaman untuk
bekerja dan liburan. Pada tahun 2016, HARRIS
Hotel Batam Center - Batam mencatatkan
tingkat presentase okupansi sebesar 75,38%
dengan tingkat average room rate pada tahun
2016 sebesar Rp510.176.
Sheraton Bali Kuta Resort – Bali
Sheraton Bali Kuta Resort – Bali has 203 rooms
featuring extensive suite and strategically
located in Bali. With such competitive
excellence, Sheraton Bali Kuta Resort – Bali
managed to record occupancy rate of 84%,
showing a growth from the rate of 2015 at
80.28%, with average room rate in 2016 at
Rp1,805,549.
POP! Hotel Sangaji – Yogyakarta
One of the accommodation destinations in
Yogyakarta is POP! Hotel Sangaji – Yogyakarta
which, in 2016, recorded occupancy rate of
55.9%, a slight decline compared to that of
2015 at 59.75%. The average room rate of
POP! Hotel Sangaji – Yogyakarta in 2016 was
Rp306,375.
HARRIS Suites fx Sudirman – Jakarta
Situated in Jakarta city center with walking
access to fX Sudirman Mall, Stock Exchange,
Senayan Sport Complex, Senayan Golf
Course, Plaza Senayan, Senayan City, HARRIS
Suites fX Sudirman – Jakarta is a perfect
accommodation choice for short and long
stay. This year, HARRIS Suites fX Sudirman –
Jakarta recorded occupancy rate of 76.74%
while the average room rate in 2016 was
Rp837,309.
HARRIS Hotel Batam Center – Batam
HARRIS Hotel Batam Center – Batam offers
sea vista and is situated 1 minute from the
International Ferry Terminal of Batam Centre
as well as within walking distance to several
shopping centers and government offices.
With such convenience, HARRIS Hotel Batam
Center – Batam is certainly a comfortable
accommodation suitable for both working
and having a vacation. In 2016, the hotel’s
occupancy rate was 75.38% with average
room rate of Rp510,176.
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HARRIS Resort Waterfront – Batam
HARRIS Resort Waterfront – Batam
menawarkan berbagai fasilitas favorit bagi para
pengunjung hotel dengan memberi kehidupan
nyata bagi keluarga. Pada tahun 2016, HARRIS
Resort Waterfront – Batam mencatatkan
tingkat presentase okupansi sebesar 45,04%,
dengan tingkat average room rate pada tahun
2016 sebesar Rp436.198.
Maison Aurelia, Sanur – Bali
Maison Aurelia, Sanur – Bali merupakan salah
satu tujuan favorit penginapan di Sanur, Bali.
Pada tahun 2016, Maison Aurelia, Sanur – Bali
mencatatkan tingkat presentase okupansi
sebesar 29,88%, dengan tingkat average room
rate pada tahun 2016 sebesar Rp654.281.
PUSAT PERBELANJAANbeachwalk Shopping Center – Bali
beachwalk Shopping Center – Bali merupakan
pusat perbelanjaan yang antara lain meliputi
Fashion Apparel & Accessories, Lifestyle &
Entertainment, Food & Beverage dan lain-lain.
beachwalk Shopping Center – Bali meraih
tingkat okupansi pada tahun 2016 sebesar
95% dengan tarif sewa rata-rata per bulan
sebesar Rp272.185.
Park23 Entertainment Center - Bali
Dioperasikan pada tahun 2015 Park23
Entertainment Center – Bali menyajikan desain
ruangan yang bersih dan unik, dengan penyewa
mulai dari internasional fashion, olahraga dan
label surfing seperti Nike, Oakley, Giordano,
Hush Puppies, Quiksilver, Airwalk dan DC
Shoes. Pada tahun 2016, Park23 Entertainment
Center – Bali mencatatkan tingkat presentase
okupansi sebesar 64,21% naik dari tahun 2015
sebesar 59,20%, dengan tarif sewa rata-rata
per bulan sebesar Rp97.546.
Cikini Gold Center - Jakarta
Cikini Gold Center – Jakarta, merupakan
salah satu tempat penjualan emas terbesar di
HARRIS Resort Waterfront – Batam
HARRIS Resort Waterfront – Batam offers
an array of favorite facilities with a real life
experience for the guests. In 2016, HARRIS
Resort Waterfront – Batam recorded an
occupancy rate of 45.04%. Meanwhile, the
average rom rate of HARRIS Resort Waterfront
– Batam in 2016 reached Rp436,198.
Maison Aurelia, Sanur – Bali
Maison Aurelia, Sanur – Bali is one of the
favorite accommodation destinations in
Sanur, Bali. In 2016, the property recorded
occupancy rate of 29.88%, and average room
rate of Rp654,281.
SHOPPING CENTERSbeachwalk Shopping Center – Bali
beachwalk Shopping Center – Bali is a
shopping center for fashion apparel &
accessories, lifestyle & entertainment, food &
beverage, and so on. In 2016, the occupancy
rate of beachwalk Shopping Center – Bali
reached 95% with average lease rate per
month recorded at Rp272,185.
Park23 Entertainment Center - Bali
Commencing operations in 2015, Park23
Entertainment Center – Bali offers unique and
clean space with tenants from international
brands of fashion, sports, and surfing labels,
such as Nike, Oakley, Giordano, Hush Puppies,
Quiksilver, Airwalk and DC Shoes. In 2016,
Park23 Entertainment Center – Bali recorded
an occupancy rate of 64.21%, increase from
2015 at 59.20%, and average lease rate per
month at Rp97,546.
Cikini Gold Center – Jakarta
Cikini Gold Center – Jakarta is one of the
largest gold markets in Indonesia and able
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Indonesia dan menyaingi pasar emas di kota-
kota besar lain di dunia. Pada tahun 2016,
Cikini Gold Center – Jakarta mencatatkan
tingkat presentase okupansi sebesar 68,05%
sedikit naik dari tahun 2015 sebesar 65,31%,
dengan tarif sewa rata-rata per bulan sebesar
Rp205.985.
Pendapatan per Segmen Usaha
Informasi pendapatan per segmen usaha pada
tahun 2016 sebagai berikut:
to compete with other international gold
markets in the world. In 2016, Cikini Gold
Center – Jakarta’s occupancy rate reached
68.05%, showing an increase compared to the
rate of 2015 at 65.31%, while the average lease
rate per month was recroded at Rp205,985.
Revenues per Business Segment
The following table describes the information
of the Company’s revenues per business
segment:
Profitabilitas
Profitabilitas merupakan kemampuan
Perseroan untuk menghasilkan laba selama
tahun 2016, dengan menggunakan aset atau
modal usaha. Kemampuan ini digambarkan
dengan rasio profitabilitas. Informasi mengenai
profitabilitas usaha Perseroan dalam dua
tahun terakhir adalah sebagai berikut:
Profitability
This section describes the capability of each
business to generate income during the year,
utilizing each asset or capital. This capability
is reflected on the ratio of profitability. The
following table describes the Company’s
profitability in the last 2 (two) years:
Deskripsi /Description
2016 2015Perubahan /
ChangePersentase /
Percentage (%)
Hotel 340.972 334.787 6.185 1,85
Pusat Perbelanjaan / Shopping Center
206.520 252.301 (45.781) (18,15)
Pendapatan /Revenue
547.492 587.088 (39.596) (6,74)
Deskripsi / Description 2016 2015
Margin Laba Bersih/ Net Profit Margin 33,16% 19,13%
Imbal Hasil Aset / Return on Assets 3,52% 2,29%
Imbal Hasil Ekuitas / Return on Equity 4,44% 2,86%
Earnings per Share 15,21 8,96
Produktivitas Karyawan (dalam jutaan Rupiah) / Employee Productivity (in million Rupiah)
1.695 653
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ANALISIS KINERJA KEUANGAN
Analisis dan pembahasan kinerja keuangan
berikut disusun berdasarkan informasi yang
diperoleh dari Laporan Keuangan Perseroan
yang berakhir pada tanggal 31 Desember 2016
dan telah diaudit oleh Kantor Akuntan Publik
Tanubrata Sutanto Fahmi Bambang & Rekan
yang ditunjuk Perseroan. Laporan Keuangan
Perseroan telah memperoleh pendapat wajar
tanpa pengecualian.
ANALYSIS ON FINANCIAL PERFORMANCE
The following analysis and discussion on
financial performance are composed based on
the information obtained from the Company’s
Financial Statements ended on December
31, 2016, which have been audited by Public
Accounting Firm Tanubrata Sutanto Fahmi
Bambang & Rekan appointed by the Company.
The Financial Statements of the Company has
obtained unqualified opinion.
Laporan Posisi Keuangan / Financial Position Statements
Dalam jutaan Rupiah / In millions of Rupiah
Deskripsi /Description 2016 2015
Perubahan / Change
Persentase /Percentage (%)
Aset Lancar /Current Assets
353.087 442.876 (89.789) (20,27%)
Aset Tidak Lancar / Non-Current Assets
4.802.666 4.458.187 344.479 7,73%
Total Aset / Total Assets
5.155.753 4.901.063 254.691 5,20%
Liabilitas Jangka Pendek / Current Liabilities
106.633 313.186 (206.553) (65,95%)
Liabilitas Jangka Panjang / NonCurrent Liabilities
960.174 635.855 324.319 51,01%
Total Liabilitas / Total Liabilities
1.066.807 949.041 117.766 12,41%
Total Ekuitas /Total Equity
4.088.947 3.952.022 136.925 3,46%
Total Aset
Pada 2016, total aset Perseroan tercatat
sebesar Rp5.155.753 juta, terdiri dari 6,85% aset
lancar dan 93,15% aset tidak lancar. Nilai total
aset mengalami kenaikan 5,20% dibandingkan
pada 2015 sebesar Rp4.901.063 juta.
Total Assets
In 2016, total assets of the Company were
recorded at Rp5,155,753 million, comprising
6.85% of current assets and 93.15% of non-
current assets. This value of total assets
increased by 5.20% compared to that of 2015
recorded at Rp4,901,063 million.
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Aset lancar mengalami penurunan Rp89.789
juta atau sebesar 20,27% menjadi Rp353.087
juta dibandingkan pada 2015 sebesar
Rp442.876juta. Penurunan ini terutama
disebabkan oleh penurunan kas dan setara
kas, aset keuangan lancar lainnya, piutang
usaha dan uang muka. Sedangkan, aset tidak
lancar mengalami kenaikan Rp 344.479 juta
atau sebesar 7,73% menjadi Rp4.802.666
juta dibandingkan dengan 2015 sebesar
Rp4.458.187juta. Kenaikan ini terutama
disebabkan oleh meningkatnya investasi
saham dan aset properti investasi.
Total Liabilitas
Total liabilitas pada 2016 tercatat sebesar
Rp1.066.807 juta, naik 12,41% atau sebesar
Rp117.766 juta dibandingkan pada 2015
sebesar Rp949.041 juta. Komposisi total
liabilitas terdiri dari 10,00% dari liabilitas jangka
pendek dan 90,00% merupakan liabilitas
jangka panjang.
Nilai liabilitas jangka pendek mengalami
penurunan sebesar Rp206.553 juta atau
turun sebesar 65,95% menjadi Rp 106.633
juta dibandingkan 2015 sebesar Rp313.186
juta. Penurunan liabilitas jangka pendek ini
terutama disebabkan oleh pelunasan pinjaman
bank jangka pendek, menurunnya utang non
usaha dan utang bank yang jatuh tempo dalam
waktu satu tahun. Sedangkan untuk liabilitas
jangka panjang mengalami kenaikan sebesar
Rp 324.319 juta atau sebesar 51,01% menjadi
Rp 960.174 juta dari Rp635.855juta pada
2015. Kenaikan ini terutama disebabkan oleh
meningkatnya utang bank jangka panjang.
Total Ekuitas
Total Ekuitas Perseroan pada tahun 2016
tercatat sebesar Rp4.088.947 juta, naik 3,46%
atau sebesar Rp136.925 juta dibandingkan
pada 2015 sebesar Rp3.952.022 juta. Kenaikan
ini berasal dari peningkatan saldo laba tahun
berjalan.
Current assets decreased by Rp89,789 or
20.27%, from Rp442,876 million in 2015 to
Rp353,087 million in 2016 due to the decline
in cash and cash equivalents, other current
financial assets, trade receivables, and
advances. Meanwhile, non-current assets
grew by Rp344,479 million or 7.73%, from
Rp4,458,187 million in 2015 to Rp4,802,666
million due to the growing investments in
shares and investment property assets.
Total Liabilities
The Company’s total liabilities in 2016
amounted to Rp1,066,807 million, increased
by 12.41% or Rp117,766 million compared
to the total liabilities of 2015 recorded at
Rp949,041 million. Total liabilities of the
Company comprised 10.00% current liabilities
and 90.00% non-current liabilities.
In 2016, current liabilities of the Company
amounted to Rp106,633 million, showing
a decrease of 65.95% or Rp206,553 million
from Rp313,186 million recorded in 2015.
Such decrease was caused by the settlement
of short-term bank loans and decline in non-
trade payables and bank loans matured in one
year. On the other hand, non-current liabilities
posted at Rp960,174 million, grew by 51.01%
or Rp324,219 million from that of 2015 at
Rp635,855 million. The increase was mainly
due to the rising long-term bank loans.
Total Equity
The Company’s total equity in 2016 recorded
at Rp4,088,947 million, up 3.46% or Rp136,925
million compared to the position of 2015 at
Rp3,952,022 million which was contributed by
the increase in retained earnings for the year.
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Pendapatan Bersih
Sepanjang 2016, Perseroan
mencatat pendapatan bersih sebesar
Rp547.492 juta, turun 6,74% atau
sebesar Rp39.596 juta dibandingkan
pada 2015 sebesar Rp587.088 juta.
Penurunan ini terutama disebabkan oleh
penurunan pendapatan di pusat perbelanjaan.
Beban Pokok Penjualan
Beban pokok penjualan mengalami penurunan
dari Rp165.945 juta pada 2015 menjadi
Rp158.148 juta pada 2016, atau turun 4,70%.
Penurunan ini terutama disebabkan oleh
penurunan beban pokok pendapatan pada
pusat perbelanjaan.
Laba Sebelum Pajak Penghasilan
Laba sebelum pajak penghasilan tahun 2016
tercatat sebesar Rp167.019 juta, naik 58,57%
atau sebesar Rp61.692 juta dibandingkan pada
2015 sebesar Rp105.327 juta. Hal ini terutama
disebabkan oleh meningkatnya laba dari
entitas asosiasi.
Net Revenues
Over the course of 2016, the Company
recorded net revenues amounting
to Rp547,492 million, declined by
6.74% or Rp39,596 million compared to
that of 2015 recorded at Rp587,088 million.
The decrease was mainly due to the drop in
revenue from shopping centers.
Cost of Sales
In 2016, cost of sales declined from Rp165,945
million in 2015 to Rp158,148 million, a decrease
of 4.70% which was mainly caused by the drop
in cost of sales of shopping centers segment.
Profit Before Tax
The Company’s profit before tax was booked
at Rp167,019 million in 2016, up 58.57% or
Rp61,692 million from Rp105,327 million. This
was mainly due to the growing profit from
associates.
Deskripsi / Description 2016 2015Perubahan /
ChangePersentase /
Percentage (%)
Pendapatan Bersih / Net Revenues
547.492 587.088 (39.596) (6,74%)
Beban Pokok Penjualan / Cost of Sales
(158.148) (165.945) 7.797 (4,70%)
Laba Bruto / Gross Profit 389.344 421.143 (31.799) (7,55%)
Laba Sebelum Pajak Penghasilan / Profit Before Tax
167.019 105.327 61.692 58,57%
Manfaat Pajak Penghasilan / Income Tax Benefit
14.548 6.961 7.587 108,99%
Laba Tahun Berjalan / Profit for the Year
181.567 112.288 69.279 61,70%
Laba Komprehensif Tahun Berjalan / ComprehensiveIncome for the Year
180.697 113.119 67.578 59,74%
Laba per Saham / Earnings per Share
15,21 8,96 6,25 69,75%
Laporan Laba Rugi / Income Statements
Dalam jutaan Rupiah / In millions of Rupiah
123
Laporan Arus Kas / Cash Flow Statements
Tabel Laporan Arus Kas / Table of Cash Flow Statements
Deskripsi / Description 2016 2015Perubahan / Change
Persentase / Percentage (%)
Arus kas dari aktivitas operasi / Cash flow from operating activities
100.067 62.131 37.936 61,06%
Arus kas untuk aktivitas investasi / Cash flow for investing activities
(253.876) (2.783.194) 2.529.318 (90,88%)
Arus kas dari aktivitas pendanaan / Cash flow from financing activities
114.228 2.794.955 (2.680.727) (95,91%)
Kenaikan (penurunan) neto kas dan setara kas / Net increase (decrease) in cash and cash equivalents
(39.581) 73.891 (113.472) (153,57%)
Kas dan setara kas entitas anak yang baru diakuisisi / Cash and cash equivalent from newly acquired subsidiaries
- 10.627 (10.627) (100%)
Kas dan setara kas awal tahun / Cash and cash equivalents at beginning of year
287.485 202.966 84.519 41,64%
Kas dan setara kas akhir tahun / Cash and cash equivalents at end of year
247.904 287.485 (39.581) (13,77%)
Laba Tahun Berjalan
Laba tahun berjalan pada tahun 2016
tercatat sebesar Rp181.567 juta, mengalami
kenaikan 61,70% atau sebesar Rp69.279
juta dibandingkan pada tahun 2015 sebesar
Rp112.288 juta.
Laba Komprehensif Periode Berjalan
Laba komprehensif periode berjalan pada
tahun 2016 tercatat sebesar Rp180.697 juta,
mengalami kenaikan 59,74% atau sebesar
Rp67.578 juta dibandingkan pada 2015 sebesar
Rp113.119 juta.
Profit for the Year
The post of profit for the year was recorded at
Rp181,567 million, grew by 61.70% or Rp69,279
million from that of 2015 at Rp112,288 million.
Comprehensive Income for the Year
The comprehensive income for 2016 was
recorded at Rp180,697 million, grew by
59.74% or Rp67,578 million from Rp113,119
million recorded in 2015.
Arus Kas dari Aktivitas operasi
Pada 2016, Perseroan mencatat arus kas dari
aktivitas operasi sebesar Rp100.067 juta, naik
Rp37.936 juta atau 61,06% dibandingkan arus
kas dari aktivitas operasi pada 2015 sebesar
Rp62.131 juta.
Cash Flow from Operating Activities
In 2016, the company recorded cash flow from
operating activities amounted to Rp100,067
million, grew by Rp37,936 million or 61.06%
from that of 2015 recorded at Rp62,131 million.
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Arus Kas untuk Aktivitas investasi
Arus kas untuk aktivitas investasi tercatat
sebesar Rp 253.876 juta, mengalami penurunan
90,88% atau sebesar Rp2.529.318 juta
dibandingkan pada 2015 sebesarRp 2.783.194
juta. Penurunan ini terutama disebabkan oleh
penurunan investasi di entitas asosiasi.
Arus Kas dari Aktivitas Pendanaan
Pada 2016, arus kas dari aktivitas pendanaan
Perseroan tercatat Rp 114.228 juta, sedangkan
pada 2015 tercatat Rp2.794.955 juta. Hal
ini terutama disebabkan karena pada tahun
2015, ada penerimaan dari penawaran umum
terbatas.
KEMAMPUAN MEMBAYAR UTANG DAN
TINGKAT KOLEKTIBILITAS PIUTANG
Kemampuan Perseroan dalam memenuhi
kewajibannya ditunjukan dengan rasio-rasio
keuangan, sebagai berikut;
Likuiditas
Rasio likuiditas merupakan rasio yang
menunjukkan kemampuan Perseroan
dalam memenuhi kewajiban keuangan yang
ditunjukkan dengan rasio lancar. Rasio lancar
Perseroan pada tahun 2016 tercatat 331,12%
lebih besar dari tahun 2015 tercatat 141,41%.
Solvabilitas
Rasio solvabilitas merupakan perbandingan
dana yang disediakan oleh Perseroan dengan
dana yang dipinjam dari kreditur. Rasio
ini dimaksudkan untuk mengukur sampai
seberapa jauh aset Perseroan dibiayai oleh
utang, rasio ini menunjukkan indikasi tingkat
keamanan dari para kreditur (Bank). Solvabilitas
Perseroan ditunjukan dengan Debt to Equity
Ratio (DER) yang berada pada posisi 26,09%
pada tahun 2016 sedangkan pada tahun 2015
sebesar 24,01%.
Kolektibilitas piutang
Salah satu cara untuk mengukur tingkat
kolektibilitas piutang adalah melalui rasio
Cash Flow for Investing Activities
Meanwhile, cash flows used in investing
activities reached Rp253,876 million in 2016,
showing a decrease of 90.88% or Rp2,529,318
million from the previous year’s cash flow
recorded at Rp2,783,194 million. Such
decrease was contributed by the declining
investment in associate entities.
Cash Flow from Financing Activities
The Company’s cash flows from financing
activities in 2016 reached Rp114,228 million,
while the cash flows from financing activities
of 2015 were recorded at Rp2.794.955 million.
The difference was due to the proceeds gained
from rights issue executed in 2015.
SOLVENCY AND RECEIVABLES
COLLECTABILITY
The Company’s capabilities to pay its
obligations are shown in the following
financial ratios:
Liquidity
Liquidity ratio shows the Company’s capability
in paying its current liabilities, which was
reflected on the current ratio. In 2016, the
Company’s current ratio was 331.12%, higher
than the current ratio of 2015 recorded at
141.41%.
Solvability
Meanwhile, solvability ratio is used to
compare the Company’s funds to the loans
received from creditors. This ratio measures
the capability of the Company’s assets to
meet its debts and other obligations, and
gives assurance to the creditors (Banks) on
the capability of the Company to pay its short-
term and long-term liabilities. The Company’s
solvability is reflected on its Debt to Equity
Ratio (DER) which was at the level of 26.09%
in 2016 while in 2015 was at 24.01%.
Receivables Collectability
One of the ways to measure receivables
collectability rate is through receivable
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Keterangan / Description 2016 2015
Pinjaman / Debts 786.173 579.635
Kas dan Setara Kas dan Aset Keuangan Lancar Lainnya / Cash and Cash Equivalents and Other Current Financial Assets
(252.134) (306.008)
Pinjaman – Bersih / Net Debt 534.039 273.627
Ekuitas / Equity 4.088.946 3.952.022
Rasio Pinjaman – Bersih terhadap Modal / Ratio of Net Debts to Equity 13,06% 6,92%
perputaran piutang (receivable turnover).
Rasio perputaran piutang Perseroan untuk
tahun 2016 adalah 24 hari, sedangkan pada
tahun 2015 adalah selama 23 hari. Hal ini masih
sesuai dengan kebijakan Perseroan yaitu 1-30
hari.
STRUKTUR MODAL DAN KEBIJAKAN
MANAJEMEN ATAS STRUKTUR MODAL
Dalam mengelola permodalannya, Perseroan
senantiasa mempertahankan kelangsungan
usaha serta memaksimalkan manfaat bagi
pemegang saham dan pemangku kepentingan
lainnya.
Perseroan secara aktif dan rutin menelaah dan
mengelola permodalan untuk memastikan
struktur modal dan pengembalian yang
optimal bagi pemegang saham, dengan
mempertimbangkan efisiensi penggunaan
modal berdasarkan arus kas operasi dan
belanja modal, serta mempertimbangkan
kebutuhan modal di masa yang akan datang.
Informasi mengenai struktur modal Perseroan
yang terdiri dari utang berbasis bunga/sukuk
dan ekuitas, sebagai berikut:
turnover ratio. The Company’s receivable
turnover ratio in 2016 was 24 days, while in
2015 it was 23 days. This rate was still within
the threshold set in the Company’s policy,
which is 1-30 days.
CAPITAL STRUCTURE AND MANAGEMENT
POLICY ON CAPITAL STRUCTURE
In managing its capital, the Company continues
to maintain business sustainability and
maximize benefits given to the shareholders
and other stakeholders.
The Company actively reviews and manages
its capital by ensuring their capital structure
and providing optimum results for all
shareholders. This is conducted by taking into
account the efficiency in the use of capital
based on the cash flows from operations and
capital expenditure, as well as the needs for
capital in the future.
Information on capital structure of the
Company consisting of interest bearing debt/
sharia bonds and equity is as follows:
IKATAN YANG MATERIAL UNTUK INVESTASI
BARANG MODAL
Secara berkelanjutan, Perseroan menerapkan
kebijakan investasi yang berfokus pada
kelancaran operasional dan pemenuhan
MATERIAL COMMITMENT FOR CAPITAL
GOODS INVESTMENT
The Company constantly implements
investment policies that focus on the flows
of operations and the efforts to meet the
126
sasaran jangka panjang. Jenis investasi
barang modal yang dilakukan terutama untuk
keperluan proyek pengembangan dalam
bentuk investasi pada Anak Perusahaan.
Tujuan investasi barang modal untuk keperluan
pengembangan Perseroan adalah dalam
rangka meningkatkan nilai Perseroan melalui
ekspansi. Sepanjang tahun 2016 Perseroan
melakukan investasi kepada Entitas Asosiasi
sebesar Rp15.041,9 juta sedangkan pada
tahun 2015 sebesar Rp2.522.027,9 juta.
INVESTASI BARANG MODAL YANG
DIREALISASIKAN PADA TAHUN BUKU
TERAKHIR
Investasi barang modal (capital expenditure)
yang direalisasikan Perseroan pada tahun
2016 adalah sebagai berikut:
long-term target. Capital goods investment
is carried out particularly for the needs of
development projects, i.e. investments in
Subsidiaries.
Capital goods investment for the development
of the Company aims to improve the
Company’s values through business expansion.
Throughout the year, the Company carried out
investment activities on the associate entities
amounting to Rp15,041.9 million while in 2015
amounting to Rp2,522,027.9 million.
CAPITAL GOODS INVESTMENT REALIZED
IN THE LAST FISCAL YEAR
Capital goods investment (capital expenditure)
realized by the Company in 2016 is as follows:
Keterangan / DescriptionJenis Investasi / Types of
InvestmentTujuan / Goals Nilai / Value
Bangunan & Prasarana / Buildings & Infrastructure
Barang modal / Capital goods
Ekspansi & operasional / Expansion & operations
30.462,6
Peralatan & Perlengkapan / Equipment & Supplies
Barang modal / Capital goods
Operasional / Operations 18.539,3
Kendaraan / VehiclesBarang modal / Capital
goodsOperasional /
Operations208,1
Dalam jutaan Rupiah / In millions of Rupiah
Tanggal / Date
Jenis Informasi dan Fakta
Material / Type of Material
Information and Fact
Pihak-Pihak yang Melakukan Kontrak / Parties
Which Carries Out Contract
Nilai Kontrak / Contract Value
Pengaruh / Effect
31 Maret 2016 / 31 March 2016
Perolehan atau Kehilangan Kontrak Penting / Procurement or Termination of Material Contract
- PT Indonesian Paradise Island- PT Bank Negara Indonesia (Persero) Tbk
Fasilitas kredit investasi existing dengan jumlah maksimal Rp282.842.261.970, kredit investasi (review) Interest During Construction (IDC) dengan jumlah maksimal Rp21.817.184.926, dan
Fasilitas kredit membantu pendanaan pembiayaan proyek pembangunan yang sudah ada dan modal kerja
INFORMASI DAN FAKTA MATERIAL
Informasi dan fakta material yang dilakukan
Perseroan sepanjang tahun 2016 sebagai
berikut:
MATERIAL INFORMATION AND FACT
Material information and fact obtained by the
Company throughout 2016 are as follows:
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INFORMASI DAN FAKTA MATERIAL YANG
TERJADI SETELAH TANGGAL LAPORAN
AKUNTAN
Perseroan mencatatkan informasi dan fakta
material yang terjadi setelah tanggal laporan
akuntan pada periode tahun buku 2016 yakni
penghentian gedung dan operasional HARRIS
Resort Kuta Beach – Bali dalam rangka
pengembangan usaha Perseroan.
MATERIAL INFORMATION AND FACT
SUBSEqUENT TO ACCOUNTANT REPORT
The Company has material information and
fact occurring subsequent to the date of public
accountant’s report in the 2016 fiscal year
period namely the suspension of the building
and the operations of HARRIS Resort Kuta
Beach – Bali within the framework strategy of
business development of the Company.
term loan 1 dengan jumlah maksimal Rp160.832.389.315 / Existing investment loan facility in the amount of maximum Rp282,842,261,970, Interest During Construction (IDC) investment (review) loan facility in the amount of maximum Rp21,817,184,926, and term loan 1 facility in the amount of maximum Rp160,832,389,315
Sahid Kuta Lifestyle Resort / The Loan facility should assist funding for the existing development project and working capital for Sahid Kuta
9 Mei 2016 / 9 May 2016
Perolehan atau Kehilangan Kontrak Penting / Procurement or Termination of Material Contract
- PT Mitra Perdana Nuansa- PT Bank Negara Indonesia (Persero) Tbk
Fasilitas kredit investasi dengan jumlah maksimal Rp383.719.065.714 dan kredit Interest During Construction (IDC) dengan jumlah maksimal Rp31.210.041.182 / Investment loan facility in the amount of maximum Rp383,719,065,714 and Interest During Construction (IDC) loan facility in the amount of maximum Rp31,210,041,182
Fasilitas kredit membantu pendanaan untuk pelaksanaan pembangunan proyek Paskal@23 / Loan facility to support the funding for the development of Paskal@23 project
28 Juni 2016 / 28 June 2016
Pembentukan Usaha Patungan / Joint Venture Incorporation
- PT Indonesian Paradise Property Tbk- Suyanto Chandra
Setoran modal Rp100.000.000 untuk pendirian PT Indonesia Gemilang Mahasentosa / Capital injection of Rp100,000,000 for the establishment of PT Indonesia Gemilang Mahasentosa
Ke depannya, PT Indonesia Gemilang Mahasentosa dapat membantu PT Indonesian Paradise Property Tbk dalam mengembangkan bisnis / In the future, PT Indonesia Gemilang Mahasentosa may support PT Indonesian Paradise Property Tbk in expanding its business
28 November 2016 / 28 November 2016
Perolehan atau Kehilangan Kontrak Penting / Procurement or Termination of Material Contract
- PT Indonesian Paradise Property Tbk - Credit Suisse AG, Singapore Branch
Fasilitas kredit hingga USD50.000.000 / Credit facility in the amount up to USD50,000,000
Fasilitas ini diharapkan dapat membantu pendanaan PT Indonesian Paradise Property Tbk dan Entitas Anak untuk mengembangkan usaha / This facility is expected to support the funding of PT Indonesian Paradise Property Tbk and Subsidiaries to develop its business
128
Tanggal, Nilai, dan Objek Transaksi / Transaction Date, Value and Object
Nama Pihak yang Melakukan Transaksi / Parties Conducting the Transaction
Hubungan Pihak-Pihak yang Bertransaksi / Relationship among the Parties in the Transaction
- 21 Desember 2016
/ 21 December 2016
- Rp14.800.000.000
- Divestasi PT Sepingan Properti /
Divestment of PT Sepingan Properti
- Perseroan / the
Company
- Kokos Leo Lim
- Angela Ningsih
Perseroan beserta para
individu bukan pihak-pihak
yang memiliki hubungan
afiliasi /
The Company and the
individuals in the transaction
do not have any affiliations.
Deskripsi / Description TargetRealisasi 2016 /
Realization in 2016Pencapaian /
Achievement (%)
Proyeksi 2017 / Projection for
2017
Pendapatan Bersih/ Net Revenues
581.739 547.492 94,11 650.073
Laba Usaha / Profit from Operations
41.424 39.021 94,20 46,332
Ekuitas / Equity 4.080.808 4.088.946 100,20 4.094.554
PERBANDINGAN ANTARA TARGET, REALISASI 2016 DAN PROYEKSI 2017 / COMPARISON BETWEEN TARGET AND REALIZATION IN 2016 AS WELL AS PROJECTION FOR 2017
Dalam jutaan Rupiah / In millions of Rupiah
INFORMASI MATERIAL MENGENAI
INVESTASI, EKSPANSI, DIVESTASI,
PENGGABUNGAN/PELEBURAN USAHA,
AKUISISI ATAU RESTRUKTURISASI UTANG/
MODAL
Pada tahun 2016, Perseroan tidak melakukan
transaksi material mengenai investasi,
ekspansi, penggabungan/peleburan usaha,
akuisisi, atau restrukturisasi utang/modal.
Namun, Perseroan melakukan divestasi
melalui penjualan saham Perseroan pada PT
Sepingan Properti. Secara rinci, informasi
mengenai divestasi tersebut sebagai berikut:
MATERIAL INFORMATION ON
INVESTMENT, ExPANSION, DIVESTMENT,
BUSINESS MERGER/CONSOLIDATION,
ACqUISITION OR CAPITAL/DEBT
RESTRUCTURING
In 2016, the Company did not carry out
material transaction on investment, expansion,
business merger/consolidation, acquisition
and capital/debt restructuring. However, the
Company divested its shares on PT Sepingan
Properti. The detailed information on
divestment action is as follows:
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Perseroan melakukan divestasi PT Sepingan
Properti bertujuan untuk meningkatkan
portofolio yang membutuhkan dana sebagai
pengembangan usaha. Divestasi tersebut juga
telah melalui pertimbangan yang matang dan
telah memenuhi ketentuan terkait.
INFORMASI TRANSAKSI MATERIAL YANG
MENGANDUNG BENTURAN KEPENTINGAN
DAN TRANSAKSI DENGAN PIHAK AFILIASI
Pada tahun 2016, Perseroan tidak melakukan
transaksi material yang mengandung benturan
kepentingan. Sedangkan informasi transaksi
dengan pihak afiliasi sebagai berikut:
The divestment of PT Sepingan Properti aims
to leverage portfolio that requires funds for
business development. The divestment action
is executed after a thorough deliberation
as well as in compliance with the prevailing
related regulations.
INFORMATION ON MATERIAL
TRANSACTION CONTAINING CONFLICT
OF INTEREST AND TRANSACTION WITH
AFFILATIONS
The Company did not carry out material
transactions containing conflict of interest in
2016. Meanwhile, information on transactions
conducted with affiliated parties is as follows:
Pihak-Pihak Yang Terlibat / Parties Involved In The
Transaction
Obyek dan Nilai Transaksi / Object And Value of
Transaction
Sifat Hubungan Afiliasi / Nature of Affiliation
Alasan dan Latar Belakang Transaksi
/ Reason And Background of
Transaction
- PT Indonesian Paradise Property Tbk
- PT Anugerah Nusaraya
- PT Andalan Karya Property
Obyek dari Transaksi adalah pembelian sebanyak 3.231.564 saham PT Anugerah Nusaraya milik PT Andalan Karya Property (“Saham Target”) oleh Perseroan dengan nilai nominal adalah Rp3.231.564.000, dan nilai pelaksanaan/transaksi adalah Rp4.850.000.000 (“Harga Pembelian”). Transaksi terjadi pada tanggal 5 April 2016.Object of the Transaction is the purchase of 3,231,564 shares of PT Anugerah Nusaraya owned by PT Andalan Karya Property (“Target Shares”) by the Company with nominal value of Rp3,231,564,000 and transaction value of Rp4,850,000,000 (“Purchasing Price”). The Transaction was executed on 5 April 2016.
a. PT Anugerah Nusaraya merupakan perusahaan terkendali Perseroan dengan kepemilikan sebesar 51%. The Company is the controlling shareholder of PT Anugerah Nusaraya with 51% share ownership.
b. Pemegang Saham Utama Perseroan adalah PT Grahatama Kreasibaru. Main Shareholder of the Company is PT Grahatama Kreasibaru.
c. PT Grahatama Kreasibaru merupakan pemegang saham pengendali PT Andalan Karya Property dengan kepemilikan saham dalam PT Andalan Karya Property sebesar 99%. PT Grahatama Kreasibaru is a controlling shareholder of PT Andalan Karya Property with 99% share ownership.
Prospek bisnis perhotelan yang dimiliki PT Anugerah Nusaraya akan menguntungkan Perseroan dalam jangka panjang. Hospitality business prospect of PT Anugerah Nusaraya will benefit the Company in the long run.
130
d. Salah satu anggota Direksi dan salah satu anggota Dewan Komisaris dalam PT Indonesian Paradise Property Tbk juga merupakan anggota Direksi dan anggota Dewan Komisaris di dalam PT Andalan Karya Property.One of the members of Board of Directors and one of the members of Board of Commissioners of PT Indonesian Paradise Property Tbk also serve as members of Board of Directors and Board of Commissioners of PT Andalan Karya Property.
- PT Indonesian Paradise Property Tbk- PT Mitra Perdana Nuansa- PT BankNegara Indonesia (Persero) Tbk
- Jaminan perusahaan. Corporate guarantee.
- Jaminan gadai saham atas seluruh saham PT Mitra Perdana Nuansa yang dimiliki Perseroan.Fiduciary guarantee for al shares of PT Mitra Perdana Nuansa owned by the Company.
a. PT Mitra Perdana Nuansa merupakan perusahaan terkendali Perseroan dengan kepemilikan sebesar 51% dimiliki oleh Perseroan.The Company is the controlling shareholders of PT Mitra Perdana Nuansa with share ownership of 51%.
b. Salah satu anggota Direksi dalam Perseroan juga merupakan anggota Direksi PT Mitra Perdana Nuansa.One of the members of Company’s Board of Directors is also a member of Board of Directors of PT Mitra Perdana Nuansa.
Memberikanpemasukan/kontribusi pendapatan yang cukup dan berpengaruh terhadap Perseroandalam jangka panjang. Contribution of income that have quite a significant effect on the Company in the long run.
- PT Indonesian Paradise Property Tbk - PT Retzan Indonusa- PT Karsa CitraUnggul
Setoran modal saham berupa uang. Pendirian PT Paloma Suasa Manajemen dengan nilai sebesar Rp100.000.000, dimana RIN menyetor modal saham sebesar Rp99.900.000 sedangkan PT Karsa Citra Unggul sebesar Rp100.000.Contribution of share capital in the form of cash money. The establishment of PT Paloma Suasa Manajemen with the investment of Rp100,000,000, in which RIN deposited share capital amounting to Rp99,900,000 while PT Karsa Citra Unggul deposited Rp100,000.
Perusahaan-perusahaan terkendali Perseroan.The Company is the controlling shareholder of other companies.
Mengembangkan serta memaksimal –kan lahan dan pengelolaan operasional hotel yang dimiliki oleh PT Retzan Indonusa. Development and optimization of the area and operational management of hotel owned by PT Retzan Indonusa.
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- PT Indonesian Paradise Property Tbk- PT Karsa Citra Unggul- PT Mitra Perdana Nuansa- PT Praba Kumala Sajati- PT Kega Property Utama
a. Uang muka setoran modal dari Perseroan kepada PT Karsa Citra Unggul dengan nilai sebesar Rp18.687.142.857; Advances for share capital from the Company to PT Karsa Citra unggul with the value of Rp18,687,142,857;
b. Uang muka setoran modal dari Perseroan kepada PT Mitra Perdana Nuansa dengan nilai sebesar Rp6.815.000.000; Advances for share capital from the Company to PT Mitra Perdana Nuansa with the value of Rp6,815,000,000;
c. Uang muka setoran modal dari PT Karsa Citra Unggul kepada PT Praba Kumala Sajati dengan nilai sebesar Rp14.863.500.000;Advances for share capital from PT Karsa Citra Unggul to PT Praba Kumala Sajati with the value of Rp14,863,500,000;
d. Uang muka setoran modal dari PT Karsa Citra Unggul kepada PT Kega Property Utama dengan nilai sebesar Rp3.490.092.000.Advances for share capital from PT Karsa Citra Unggul to PT Kega Property Utama with the value of Rp3,490,092,000.
- Perusahaan-perusahaan terkendali Perseroan.The Company is the controlling shareholder of other companies.
- Beberapa anggota Direksi dalam Perseroan juga merupakan anggota Direksi dalam PT Mitra Perdana Nuansa dan PT Kega Property Utama, sedangkan anggota Dewan Komisaris dalam Perseroan juga merupakan anggota Dewan Komisaris dalam PT Kega Property Utama.Several members of the Company’s Board of Directors also serve as the Board of Directors of PT Mitra Perdana Nuansa and PT Kega Property Utama, while members of the Company’s Board of Commissioners also serve as the Board of Commissioners of PT Kega Property Utama.
Pembangunan proyek pusat perbelanjaan (shopping centre/mall) dan fasilitaspenunjangnya. Development of shopping centre/mall project and all supporting facilities.
Dengan menelaah secara seksama latar
belakang serta manfaat dilakukannya transaksi.
Seluruh transaksi tersebut telah disetujui oleh
para anggota Direksi dan Dewan Komisaris
Perseroan baik secara bersama-sama maupun
sendiri-sendiri.
PERUBAHAN PERATURAN PERUNDANG-
UNDANGAN YANG BERPENGARUH
SIGNIFIKAN TERHADAP KINERJA
PERUSAHAAN
Sepanjang tahun 2016, tidak ada dampak yang
signifikan terhadap Perseroan dan laporan
keuangan terkait perubahan peraturan dan
perundang-undangan.
By meticulously reviewing the background
as well as benefit of each transaction, the
Company’s Board of Directors and Board
of Commissioners have collectively and
individually approved all transactions.
CHANGES IN REGULATIONS
THAT SIGNIFICANTLY IMPACT ON
PERFORMANCE OF THE COMPANY
There was no significant impact due to changes
in laws and regulations on the Company’s
financial statements in 2016.
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PERUBAHAN KEBIJAKAN AKUNTANSI
YANG DITERAPKAN PADA TAHUN BUKU
TERAKHIR
Laporan keuangan konsolidasian telah
disajikan sesuai dengan Standar Akuntansi
Keuangan di Indonesia, yang mencakup
Pernyataan Standar Akuntansi Keuangan dan
Interpretasi Standar Akuntansi Keuangan yang
dikeluarkan oleh Dewan Standar Akuntansi
Keuangan Ikatan Akuntan Indonesia.
Penerapan dari perubahan interpretasi standar
akuntasi berikut yang berlaku efektif sejak
tanggal 1 Januari 2016, tidak menyebabkan
perubahan signifikan atas kebijakan akuntansi
Perusahaan dan tidak memberikan dampak
yang material terhadap jumlah yang dilaporkan
di laporan keuangan konsolidasian tahun
berjalan.
Adapun perubahan kebijakan akuntansi yang
diterapkan pada tahun 2016, sebagai berikut:
• Pernyataan Standar Akutansi Keuangan
4 (Revisi 2015), “Laporan Keuangan
Tersendiri”
• Pernyataan Standar Akutansi Keuangan 5
(Revisi 2015), “Segmen Operasi”
• Pernyataan Standar Akutansi Keuangan
7 (Revisi 2015), “Pengungkapan Pihak-
pihak Berleasi”
• Pernyataan Standar Akutansi Keuangan 13
(Revisi 2015), “Properti Investasi”
• Pernyataan Standar Akutansi Keuangan 15
(Revisi 2015), “Investasi pada Entitas
Asosiasi dan Ventura Bersama”
• Pernyataan Standar Akutansi Keuangan 16
(Revisi 2015), “Aset Tetap”
• Pernyataan Standar Akutansi Keuangan 19
(Revisi 2015), “Aset Takberwujud”
• Pernyataan Standar Akutansi Keuangan 22
(Revisi 2015), “Kombinasi Bisnis”
• Pernyataan Standar Akutansi Keuangan 24
(Revisi 2015), “Imbalan Kerja”
• Pernyataan Standar Akutansi Keuangan 25
(Revisi 2015), “Kebijakan Akuntansi,
Perubahan Estimasi dan Kesalahan”
CHANGES IN ACCOUNTING POLICIES
IMPLEMENTED IN THE LAST FISCAL YEAR
The presentation of the Company’s
Consolidated Financial Statements has
been adjusted to the prevailing Financial
Accounting Standards in Indonesia, including
the Statements and Interpretations of
Financial Accounting Standard, issued by the
Board of Financial Accounting Standards of
the Indonesian Institute of Accountants.
The implementation of changes in the
interpretations of accounting standard,
which were effective since January 1, 2016,
did not result in significant changes on the
Company’s accounting policies or provided
material impacts on the amount reported in
the consolidated financial statements for the
year.
Several accounting policies implemented in
2016 were as follows:
• StatementofFinancialAccounting
Standard 4 (Revised 2015), “Separate
Financial Statements”
• StatementofFinancialAccounting
Standard 5 (Revised 2015), “Operations
Segment”
• StatementofFinancialAccounting
Standard 7 (Revised 2015), “Disclosure of
Related Parties”
• StatementofFinancialAccounting
Standard 13 (Revised 2015), “Investment
Properties”
• StatementofFinancialAccounting
Standard 15 (Revised 2015), “Investment in
Associate Entities and Joint Ventures”
• StatementofFinancialAccounting
Standard 16 (Revised 2015), “Fixed Assets”
• StatementofFinancialAccounting
Standard 19 (Revised 2015), “Intangible
Assets”
• StatementofFinancialAccounting
Standard 22 (Revised 2015), “Business
Combination”
133
• Pernyataan Standar Akutansi Keuangan 53
(Revisi 2015), “Pembayaran Berbasis
Saham”
• Pernyataan Standar Akutansi Keuangan
65 (Revisi 2015), “Laporan Keuangan
Konsolidasian”
• Pernyataan Standar Akutansi Keuangan 66
(Revisi 2015), “Pengaturan Bersama Tentang
Akuntansi Akuisisi Kepentingan dalam
Operasi Bersama”
• Pernyataan Standar Akutansi Keuangan 67
(Revisi 2015), “Pengungkapan Kepentingan
Dalam Entitas Lain”
• Pernyataan Standar Akutansi Keuangan 68
(Revisi 2015), “Pengukuran Nilai Wajar”
• Pernyataan Standar Akutansi Keuangan 70,
“Akuntansi Aset dan Liabilitas
Peng ampunan Pajak”
• Pernyataan Standar Akutansi Keuangan
110, “Akuntansi Sukuk”
• Pernyataan Standar Akutansi Keuangan 30,
“Pungutan”
ASPEK PEMASARAN
Strategi Pemasaran
Guna meraih peluang yang ada,
Perseroan menerapkan beberapa strategi
pemasaran secara berkelanjutan dengan
menyelenggarakan event di mall-mall
Perseroan dan memberikan kemudahan cara
pembayaran sewa unit mall. Fokus utama juga
dilakukan Perseroan yang mengarah pada
penciptaan inovasi-inovasi bisnis yang lebih
baik, agar dapat menghasilkan kinerja prima
yang berkesinambungan sehingga peluang
pertumbuhan dapat diraih.
Selain itu, Perseroan juga melakukan ekspansi
ke wilayah-wilayah baru yang menjadi tujuan
• StatementofFinancialAccounting
Standard 24 (Revised 2015), “Employee
Benefits”
• StatementofFinancialAccounting
Standard 25 (Revised 2015), “Accounting
Policies, Changes in Estimations and Errors”
• StatementofFinancialAccounting
Standard 53 (Revised 2015),
“Share-Based Payments”
• StatementofFinancialAccounting
Standard 65 (Revised 2015), “Consolidated
Financial Statements”
• StatementofFinancialAccounting
Standard 66 (Revised 2015),
“Joint Arrangements, Accounting for
Acquisitions of Interests in Joint Operations”
• StatementofFinancialAccounting
Standard 67 (Revised 2015),
“Disclosure of Interest in Other Entities”
• StatementofFinancialAccounting
Standard 68 (Revised 2015),
“Fair Value Measurement”
• StatementofFinancialAccounting
Standard 70, “Accounting for Tax Amnesty
Assets and Liabilities”
• StatementofFinancialAccounting
Standard 110, “Accounting for Sharia
Bonds”
• StatementofFinancialAccounting
Standard 30, “Levies”
MARKETING ASPECT
Marketing Strategy
To seize the existing opportunities, the
Company implements several sustainable
marketing strategies by organizing events at
the Company’s malls and providing convenient
payment facilities for mall unit lease. The
main focus of the Company is directed on the
creation of better business innovation so as to
continuously produce premium performance
in order to seize opportunity for growth.
Moreover, the Company also expanded its
business to various new tourism destinations
and entered into the 2-star hotel business
segment as well as developing hotels equipped
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wisata serta memasuki segmen hotel bintang
dua serta membangun hotel dengan fasilitas
lokasi perbelanjaan. Di sisi lain, Perseoran
juga mempertimbangkan untuk melakukan
diversifikasi usaha ke arah pengembangan
condotel dan apartemen.
Pangsa Pasar
Pasar utama Perseroan tersebar di berbagai
wilayah di Indonesia yang menjadi pusat
bisnis dan tujuan wisata, seperti Bali, Batam,
Jakarta, Yogyakarta, Bandung, Manado dan
Balikpapan, dengan pendapatan usaha pada
tahun 2016 mencapai Rp 547,49 miliar.
PROSPEK USAHA
Pada awal tahun 2016, banyak analis yang
memperkirakan bahwa industri hotel akan
tumbuh. Berdasarkan data Badan Pusat
Statistik, jumlah kunjungan wisatawan
mancanegara ke Indonesia hingga November
2016 mencapai sekitar 1 juta kunjungan,
tumbuh 19,98% dibandingkan periode yang
sama tahun 2015 sebanyak 835,41 ribu.
Sedangkan wisatawan nusantara berdasarkan
data Pusdatin Kemenparekraft hingga Oktober
2016 mencapai sekitar 6,68 juta kunjungan.
Memandang ke depan, kami menilai ekonomi
Indonesia cukup kokoh. Perseroan yakin dapat
menghadapi tahun 2017 melalui berbagai
kebijakan strategis serta target peningkatan
kinerja yang mampu meningkatkan performa
Perseroan. Perseroan juga optimis dapat
menciptakan pertumbuhan pada angka yang
realistis di masa mendatang.
Optimisme ini didukung oleh pertumbuhan
ekonomi dalam negeri serta pertumbuhan
industri wisata yang berdampak langsung
pada sektor perhotelan diperkirakan
mengalami peningkatan yang didorong oleh
jumlah wisatawan asing maupun domestik.
Data Bank Indonesia menunjukkan bahwa
pada tahun 2017, perekonomian Indonesia
tahun 2017 memasuki fase pemulihan. Fase
with shopping center facility. In addition, the
Company also plans to diversify the business
into condotel and apartment segment.
Market Share
The primary market share of the Company
is spread across various regions in Indonesia
that become the business centers as well as
tourism destinations, such as Bali, Batam,
Jakarta, Yogyakarta, Bandung, Manado and
Balikpapan, with total revenues of Rp547.49
billion recorded in 2016.
BUSINESS OUTLOOK
In early 2016, several analysts predicted that
the hospitality industry would grow. Based
on the data issued by the Statistics Indonesia,
total foreign tourists coming to Indonesia per
November 2016 reached 1 million visits, grew
by 19.98% compared to the growth in the
same period in 2015 at Rp835.41. Furthermore,
Pusdatin Kemenparekraf published data on
domestic tourist, which in 2016 amounted to
6.68 million visits.
Observing the future, we conclude that
Indonesia’s economic values remained robust.
The Company believes that it can face 2017 by
implementing various strategic policies that
will enhance the Company’s performance in
the future.
Such optimism is supported by the growth
of domestic economy as well as the rising
tourism industry that has direct impact on
the hospitality sector, which is estimated to
bring improvement encouraged by the rising
number of foreign and domestic tourists. Bank
Indonesia predicts that the nation’s economy
began to enter into recovery period as marked
by the rising condition of corporate sector and
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ini ditandai oleh kondisi sektor korporasi yang
membaik dan didukung oleh pembiayaan
yang diperkirakan meningkat, baik dari
kredit perbankan maupun pembiayaan pasar
modal. Dengan perkembangan tersebut,
pertumbuhan ekonomi diperkirakan
meningkat pada kisaran 5,0% - 5,4% yang
ditopang oleh permintaan domestik yang
tetap kuat dan pulihnya kinerja sektor lainnya.
Kondisi ini akan berpengaruh pada tingkat
okupansi dan kunjungan wisatawan baik dari
luar negeri maupun domestik.
INFORMASI KELANGSUNGAN USAHA
Kondisi perekonomian dalam negeri berperan
penting terhadap pertumbuhan bisnis sektor
perhotelan. Pada tahun 2016, pertumbuhan
ekonomi Indonesia tercatat sebesar 5,02%
mengalami kenaikan dibandingkan tahun
2015 sebesar 4,88%. Kondisi ini sedikit banyak
memberikan pengaruh terhadap sektor
perhotelan.
Di tengah tahun yang penuh tantangan,
Perseroan berhasil membukukan Laba
Tahun Berjalan sebesar Rp181,57 miliar,
tumbuh 61,70% atau sebesar Rp69,28 miliar
dibandingkan dengan tahun sebelumnya
sebesar Rp112,29 miliar. Berdasarkan data Bank
Indonesia, pertumbuhan ekonomi domestik
diperkirakan terus mengalami pemulihan. Hal
ini tentunya akan berpengaruh pada kinerja
dan pencapaian Perseoran. Sehingga, dapat
dikatakan bahwa, tidak terdapat hal-hal yang
berpotensi berpengaruh signifikan terhadap
kelangsungan usaha perusahaan pada tahun
2016 serta pada masa yang akan datang.
support in financing activities, both from bank
loans or capital market financing. With such
development, domestic economy is estimated
to grow within the range of 5.0% - 5.4% due
to the strong domestic demands and recovery
in other sectors. Such condition will have an
impact on occupancy rate and tourist visits,
both from domestic and overseas.
INFORMATION ON BUSINESS
SUSTAINABILITY
The domestic economic condition plays a
great role in supporting the hospitality sector’s
business growth. In 2016, the domestic
economy grew to the level of 5.02%, showing
an increase in comparison to the growth
of 2015 at 4.88%, which impacted on the
hospitality sector.
Amidst this challenging year, the Company
managed to book Profit for the Year amounting
to Rp181.57 billion, grew by 61.70% or Rp69.28
billion compared to that of the previous year
at Rp112.29 billion. Based on Bank Indonesia’s
data, domestic economic growth is expected
to recover, which will certainly influence
the performance and achievements of the
Company. Hence, it is safe to assume that
there is no events that have the potential
to significantly impact on the Company’s
business sustainability in 2016 and well into
the future.
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PendukungBisnis
Business Supports
138
SUMBER DAYA MANUSIA
Pada tahun 2016, Perseroan fokus pada upaya
menyelaraskan pengembangan Sumber Daya
Manusia yang sejalan dengan kebutuhan dan
tuntutan perkembangan bisnis. Perseroan
mengembangkan Sumber Daya Manusia
sekaligus mempertahankan Sumber Daya
Manusia berkualitas yang dimiliki dengan
kebijakan dan formulasi kompensasi dan
benefit yang tepat sesuai kebutuhan karyawan.
Perseroan melihat, kemampuan Sumber Daya
Manusia pada tahun 2016 meningkat secara
bermakna. Secara berkelanjutan, Perseroan
terus berupaya membentuk Sumber Daya
Manusiayang tangguh, profesional, dan
mampu mewujudkan visi untuk “Selalu
Berupaya untuk unggul dalam Pengembangan
Properti Melalui Pencapaian yang inovatif dan
kreatif.”
Dengan berkembangnya Perseroan, peluang
karir terbuka luas dan diharapkan dapat
diisi dari dalam sebagai bagian dari hasil
pengembangan tersebut. Perseroan akan
terus mengevaluasi proses kinerja Perseroan
dan operasional ke arah yang lebih baik, agar
setiap bagian bersinergi dalam mendukung
strategi dan tujuan Perseoran baik dalam
jangka panjang maupun jangka pendek.
Profil Sumber Daya Manusia
Hingga 31 Desember 2016, jumlah karyawan
Perseroan mencapai 100 karyawan, tumbuh
7,5% dibandingkan pada tahun 2015 sebanyak
93 orang. Jumlah karyawan Perseroan pada
HUMAN RESOURCES
In 2016, the Company focuses on the effort to
align the development of Human Resources
with business needs and development. The
Company develops and maintains its high
quality Human Resources through the
implementation of policies and formulation
of proper compensation and benefits in
accordance with the employee’s needs.
Based on this, the Company observed that
Human Resources’s capabilities during the
year experienced a remarkable improvement.
Continuously, the Company endeavors
to create tough and professional Human
Resources capable of realizing the vision of
“Making an Effort to be Excellent in Property
Development through Innovative and Creative
Accomplishments.”
In line with the Company’s development,
career opportunity becomes more apparent
and is expected to be filled by the internal
company as the result of the development.
The Company will continue to evaluate its
operational and performance processes
towards a better direction so that all divisions
will be synergized in supporting the Company’s
strategy and goals, both in the long-term and
short-term.
Human Resources Profile
Up to December 31, 2016, total employees of
the Company amounted to 100 employees,
grew 7.5% compared to 93 employees
recorded in 2015. The number of employees
Pendukung BisnisBusiness Support
139
Komposisi Karyawan Berdasarkan Tingkat Pendidikan / Employee Composition Based on Education
Tanggal / Date 2016 2015 Deskripsi / Description
S3 - - Doctorate Degree
S2 4 - Master’s Degree
S1 22 23 Bachelor’s Degree
Akademi 34 29 Academy
SMA 40 41 High School
Jumlah 100 93 Total
Komposisi Karyawan Berdasarkan Level Jabatan / Employee Composition Based on Position
Tanggal / Date 2016 2015 Deskripsi / Description
Manajemen Puncak (Direksi) 6 6 Top Management (Board of Directors)
Manajemen Tingkat Menengah(Manager)
12 11 Mid Management (Managers)
Manajemen Line Pertama (Staff) 82 76 First-Line Management (Staffs)
Jumlah 100 93 Total
Komposisi Karyawan Berdasarkan Jenis Kelamin / Employee Composition Based on Gender
Tanggal / Date 2016 2015 Deskripsi / Description
Pria 74 72 Male
Wanita 26 21 Female
Jumlah 100 93 Total
owned by the Company in 2016 has been
in line with business needs, both in terms of
quality and quantity. The following tables
describe the employee composition based on
education, position, age and gender.
tahun 2016 telah sesuai dengan kebutuhan
bisnis Perseroan baik dari sisi kualitas maupun
kuantitas. Berikut adalah komposisi karyawan
berdasarkan tingkat pendidikan, level jabatan,
tingkat usia, dan masa kerja.
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Rekrutmen dan Pengembangan Karir
Perseroan melakukan proses rekrutmen
dengan berasaskan prinsip keterbukaan,
kewajaran, dan kesetaraan. Proses seleksi atas
kandidat dilakukan sesuai dengan kebutuhan
kuantitas dan kompetensi yang dimiliki
oleh calon karyawan. Perseroan menjaring
kandidat melalui berbagai media antara
lain meliputi situs Perseroan, iklan, job fair,
serta media lainnya. Perseroan merekrut dan
memberikan orientasi kepada karyawan baru
guna mempercepat proses adaptasi dengan
pekerjaan di lapangan.
Setiap karyawan diberikan kesempatan
yang setara untuk mencapai level atau
jabatan tertentu dalam struktur organisasi
Perseroan. Perseroan mempersiapkan
program pengembangan karir yang sistematis
berdasarkan penilaian kinerja masing-masing
individu karyawan.
Pendidikan dan Pelatihan
Perseroan menyadari bahwa sebagai faktor
penting dalam pertumbuhan bisnis, SDM
memubutuhkan pengembangan kualitas,
wawasan, dan kompetensi yang baik dalam
meraih keunggulan kompetitif. Bentuk
pengembangan SDM ini dilakukan melalui
Recruitment and Career Development
The Company carries out recruitment process
on the basis of transparency, fairness and
equality principles. The selection process for
the candidates is conducted in accordance
with the needs for quantity and the employee
candidates’ competency. The Company seeks
for the candidates through various media, such
as the Company’s website, advertisements,
job fairs, and other media. The Company
recruits and provides orientation to the new
employees to accelerate adaptation process
with the work on the field.
Each employee is provided with equal
opportunity to reach certain level or position
in the Company’s organization structure.
Therefore, the Company prepares a systematic
career development program based on the
performance evaluation of each individual.
Education and Training
The Company understands that as one of
the essential factors for business growth, HR
requires quality, education and competency
development in order to reach competitive
excellence. HR development in the Company
is conducted through education and training
Komposisi Karyawan Berdasarkan Jenjang Usia / Employee Composition Based on Age
Tanggal / Date 2016 2015 Deskripsi / Description
20 - 24 tahun 17 25 20 - 24 years
25 - 29 tahun 22 21 25 - 29 years
30 - 34 tahun 23 19 30 - 34 years
35 - 39 tahun 23 14 35 - 39 years
40 - 44 tahun 1 2 40 - 44 years
45 - 49 tahun 6 7 45 - 49 years
50 - 54 tahun 3 1 50 - 54 years
55 - 59 tahun 3 2 55 - 59 years
60 tahun ke atas 2 2 60 years old and above
Jumlah 100 93 Total
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pendidikan dan pelatihan dengan materi
yang diterjemahkan dari kebutuhan bisnis di
lapangan. Selain itu, Perseroan juga melakukan
program pelatihan bagi calon pemimpin
masa depan yang disiapkan melalui program
pengembangan manajemen.
Informasi mengenai pendidikan dan pelatihan
SDM yang dilakukan Perseroan beserta Entitas
Anak Perusahaan pada tahun 2016 adalah
sebagai berikut:
activities with training materials based on the
business needs on the field. In addition, the
Company also organizes training program
for future leaders through the management
development program.
Information on the training activities for HR
carried out by the Company and its Subsidiaries
in 2016 is as follows:
Tanggal Pendidikan dan Pelatihan / Date of Education and Training
Materi Pendidikan dan Pelatihan / Education and Training Material
Tujuan Pendidikan dan Pelatihan / Goals of Education and Training
7 – 8 April 2016 / April 7 – 8, 2016
Train The TrainerMenyiapkan karyawan untuk penjadi trainer / Preparing employees to become trainers
28 Juli 2016 / July 28, 2016Revenue Management Workshop
Mengetahui update terbaru dari dunia perhotelan / Understanding the recent update in hospitality industry
22 – 23 Agustus 2016 / August 22 – 23, 2016
Train The TrainerMenyiapkan karyawan untuk penjadi trainer / Preparing employees to become trainers
25 Agustus 2016/ August 25, 2016
Employee to SupervisorMenyiapkan karyawan level staff ke level supervisor / Preparing staff-level employees to supervisor-level
21 – 23 September 2016 / September 21 – 23, 2016
Keys to ManagementKaryawan mendapatkan modul training Keys to Management / Obtaining training module, Key to Management
27 – 28 Oktober 2016 / October 27 – 28, 2016
Performance Appraisal Training
Karyawan bisa melakukan appraisal sesuai standar / Employees to be able to perform appraisal in accordance with the standards
17 – 18 November 2016 / November 17 – 18, 2016
Managing Solutions
Karyawan mengerti cara menyelesaikan masalah dengan tamu dan memberikan solusi / Employees to understand problem-solving of the guest and to provide solutions
29 November 2016 / November 29, 2016
Training EcolabUntuk meminimalisir lost & breakage / Minimizing lost & breakage
Rencana, Fokus, dan Strategi 2017
Rencana, fokus, dan strategi pengelolaan
SDM pada tahun 2017 antara lain terus
menyelenggarakan kegiatan training baik
internal maupun external untuk meningkatkan
Plan, Focus, and Strategy for 2017
The plan, focus, and strategy for the
development of HR in 2017 are, among others,
to continuously organize training activities,
both internal and external, to enhance the HR
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kualitas SDM Perseroan dan Entitas Anak
Perusahaan yang akan juga meningkatkan
kualitas service untuk tamu. Kegiatan-kegiatan
untuk karyawan seperti futsal, gathering,
senam kesehatan, kegiatan keagamaan dan
lain-lain tetap kami laksanakan agar karyawan
dapat refreshing, bersosialisasi dan sebagai
apresiasi kami atas kerja keras mereka.
TEKNOLOGI INFORMASI
Implementasi Teknologi Informasi 2016
Perseroan menyadari bahwa Teknologi
Informasi sangat berperan besar dalam
kegiatan Perseroan baik operasional dan non
operasional. Selama tahun 2016, Perseroan
terus meningkatkan penggunaan sistem
teknologi informasi sehingga dapat terus
mendukung perkembangan bisnis yang
dapat meningkatkan daya saing Perseroan.
Teknologi Informasi (Information Technology
- IT) yang diimplementasikan dengan berfokus
pada peningkatan efektifitas dan efisiensi
kerja, serta yang berorientasi pada operasional
bisnis Perseroan.
Sepanjang 2016, pengembangan yang telah
dilakukan Perseroan antara lain implementasi
sistem SIS (Success Integrated Solutions) yang
menunjang pengembangan bisnis Perseroan
dalam penjualan apartemen. Diharapkan
melalui implementasi sistem tersebut dapat
meningkatkan performa Perseroan seiring
dengan tersedianya informasi yang lengkap.
Perseroan juga senantiasa melakukan
pembaharuan sarana dan prasarana penunjang
dalam bidang teknologi informasi. Perseroan
selalu memperbarui informasi-informasi yang
terkait dengan Perseroan melalui situs www.
theparadise-group.com.
Rencana, Fokus, dan Strategi Teknologi
Informasi 2017
Rencana, fokus, dan strategi pengelolaan
teknologi informasi pada tahun 2017 antara
lain Perseroan mempunyai inisiatif untuk
quality at the Company and its Subsidiaries
which will also improve service quality to
the guests. The Company also holds various
other activities for employees such as futsal,
badminton, gathering, physical exercise,
religious activities, etc., so that all employees
remain fresh and can socialize with each other.
It is also a form of the Company’s appreciation
for their hard work.
INFORMATION TECHNOLOGY
Implementation of Information
Technology in 2016
The Company is aware of the great role played
by the Information Technology (IT) factor
in various activities of the Company, both
operational and non-operational activities.
During the year, the Company continues
to develop the use of IT system in order
to support its business development and
leverage its competitiveness. The Information
Technology implemented by the Company
focuses on the improvement of work
efficiency and effectiveness, and is oriented to
the Company’s business operations.:
During the year, several developments have
been carried out by the Company, such as
the successful implementation of SIS (Success
Integrated Solution) system that supports the
Company’s development in apartment sales.
Through the implementation of such system,
the Company’s performance is elevated in line
with the availability of complete information.
The Company also continuously updates
the supporting facilities and infrastructure in
information technology fied. The Company
always updates the information related to
the Company through its website, www.
theparadise-group.com.
Information Technology Plan, Focus, and
Strategy for 2017
The plan, focus and strategy for information
technology management in 2017 cover,
among others, the initiative to improve the
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video conference facilities and infrastructure,
considering that the location of business units
of the Company and Subsidiaries are spread in
Batam, Jakarta, Bandung, Yogyakarta and Bali.
With such improvement, it is expected that the
communication between the Company and
other business units will be better and more
effective which will ultimately encourage the
growth of Company’s performance.
meningkatkan sarana dan prasarana untuk
video conference pada tahun 2017, mengingat
letak unit usaha Perseroan dan Entitas
Anaknya tersebar di Batam, Jakarta, Bandung,
Yogyakarta, dan Bali. Diharapkan komunikasi
antara Perseroan dan unit usahanya akan
semakin lancar dan efektif yang akhirnya akan
mendorong peningkatan performa Perseroan.
144
145
Tata Kelola Perusahaan yang Baik
Good Corporate Governance
146
DASAR DAN TUJUAN PENERAPAN TATA
KELOLA PERUSAHAAN YANG BAIK
Bagi Perseroan, Tata Kelola Perusahaan
yang Baik (Good Corporate Governence)
merupakan elemen penting yang dibutuhkan
untuk mewujudkan Perseroan menjadi
perusahaan penyedia akomodasi hotel
terbaik yang memberikan nilai tambah
bagi seluruh pemangku kepentingan.
Perseroan mengembangkan struktur sistem
Good Corporate Governence yang dapat
meningkatkan nilai Perseroan yang kompetitif
dan berkualitas.
Struktur tata kelola terdiri atas Rapat Umum
Pemegang Saham, Direksi, Dewan Komisaris,
Komite-Komite di bawah Dewan Komisaris,
Internal Audit, serta Sekretaris Perusahaan.
Perseroan berkomitmen untuk menerapkan
prinsip Good Corporate Governence secara
menyeluruh dan konsisten dalam pelaksanaan
tugas dan tanggung jawab seluruh struktur
tata kelola perusahaan. Perseroan percaya
bahwa implementasi Good Corporate
Governenceyang melebihi dari sekedar
kepatuhan terhadap standar dan peraturan
perundang-undangan, mampu menciptakan
perusahaan yang berdaya saing tinggi dan
berkelanjutan.
PRINSIP-PRINSIP
TATA KELOLA PERUSAHAAN
Transparansi
Perseroan menerapkan prinsip transparansi
dengan menyediakan sarana komunikasi
yang efektif dan responsif dalam memeroleh
informasi mengenai perusahaan, sehingga
BASIS AND PURPOSE OF THE
IMPLEMENTATION OF GOOD CORPORATE
GOVERNANCE
For the Company, Good Corporate
Governance is an essential element required
to realize the Company’s goals the best
accommodation (hotel) provider that offers
added values for all stakeholders. The
Company is committed to developing a Good
Corporate Governance system that is able to
enhance the competitiveness and quality of its
values sustainably.
The governance structure in the Company
consists of the General Meeting of
Shareholders, Board of Directors, Board of
Commissioners, Internal Audit and Corporate
Secretary. It is the Company’s commitment to
implementing Good Corporate Governance
principles in a comprehensive and consistent
manner within the framework of duties and
responsibilities of the corporate governance
structure. The Company believes that Good
Corporate Governance implementation that
exceeds mere compliance with the standards
and regulations will be able to generate a
highly competitive company with sustainable
growth.
GOOD CORPORATE GOVERNANCE
PRINCIPLES
Transparency
The Company implements transparency
principle by providing effective and responsive
communication methods in acquiring
information about the Company. By doing
Tata Kelola Perusahaan yang Baik
Good Corporate Governance
147
seluruh Pemangku Kepentingan mampu
memahami kinerja dan tindakan Perseroan.
Akuntabilitas
Perseroan menerapkan prinsip akuntabilitas
dengan mengoptimalkan kinerja dan peran
setiap individu Perseroan sehingga seluruh
aksi dan kegiatan Perseroan berjalan dengan
efektif dan efisien.
Pertanggungjawaban
Perseroan menerapkan prinsip pertanggung–
jawaban dengan bertanggung jawab terhadap
masyarakat dan lingkungan terkait, mematuhi
peraturan yang berlaku, serta menghindari
segala transaksi yang dapat merugikan pihak
ketiga maupun pihak lain di luar ketentuan
yang telah disepakati.
Independen
Perseroan menerapkan prinsip independensi
dengan mengelola peran dan fungsi yang
dimiliki secara mandiri tanpa ada tekanan dari
pihak mana pun yang tidak sesuai dengan
peraturan yang berlaku dan prinsip serta tata
nilai perusahaan.
Kewajaran dan Kesetaraan
Perseroan menerapkan prinsip kesetaraan
dengan memperhatikan hak setiap Pemangku
Kepentingan secara adil sesuai dengan
peraturan perundang-undangan yang berlaku.
Perseroan menerapkan prinsip kewajaran
dengan memenuhi hak setiap Pemangku
Kepentingan dengan tetap memperhatikan
kaidah dan peraturan perusahaan.
PENILAIAN PENERAPAN GOOD
CORPORATE GOVERNANCE UNTUK
TAHUN BUKU 2016
Perseroan belum melakukan penilaian
terhadap implementasi Good Corporate
Governence di lingkungan Perseroan. Namun,
pada tahun 2016, penerapan Good Corporate
Governence Perseroan mendapat apresiasi
dari pihak eksternal berupa penghargaan
Indonesian Good Corporate Governence
so, all stakeholders may study the Company’s
performance and actions.
Accountability
The Company implements accountability
principle by optimizing performance and roles
of each individual for an effective and efficient
Company’s actions and activities.
Responsibility
The Company implements responsibility
principle by taking responsibility to the
public and the environment, complying with
the prevailing regulations and avoiding any
transaction that disadvantage any third party
or other parties outside of the stipulated
regulations.
Independency
The Company implements independency
principle by managing its roles and functions
independently, without pressure from other
parties that violates the prevailing regulations
and company’s principles and ethic codes.
Fairness and Equality
The Company implements equality principle
by taking into account the stakeholders’
rights in accordance with the prevailing
regulations. The Company implements
fairness principle by meeting the stakeholders’
rights, in consideration of company’s rules and
regulations.
ASSESSMENT ON GOOD CORPORATE
GOVERNANCE IMPLEMENTATION IN 2016
FISCAL YEAR
The Company has not carried out assessment
on the implementation of Good Corporate
Governance within its business environment.
However, the Company’s GCG implementation
in 2016 was appreciated positively from the
external parties in the form of awards from the
2016 Indonesian Good Corporate Governance
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Award – II – 2016 Predikat B (Baik) Sektor: Jasa
– Restoran, Hotel & Pariwisata dari Economic
Review.
STRUKTUR TATA KELOLA
Sesuai dengan Undang-Undang No. 40
Tahun 2007 tentang Perseroan Terbatas,
organ perusahaan terdiri dari Rapat umum
Pemegang Saham, Direksi dan Dewan
Komisaris. Kepengurusan Perseroan terdiri dari
Dewan Komisaris dan Direksi, yang memiliki
wewenang dan tanggung jawab yang jelas
sesuai fungsinya masing-masing sebagaimana
diamanatkan dalam Anggaran Dasar dan
Peraturan Perundang undangan.
Struktur Tata Kelola Perseroan terdiri dari:
I. Rapat Umum Pemegang Saham
II. Direksi
III. Dewan Komisaris
IV. Komite-Komite di bawah
Dewan Komisaris
V. Sekretaris Perusahaan
VI. Internal Audit
RAPAT UMUM PEMEGANG SAHAM
Rapat umum Pemegang Saham merupakan
organ Perseroan yang menjadi wadah
Para Pemegang Saham untuk mengambil
keputusan penting yang berkaitan dengan
operasional Perseroan, dengan memerhatikan
ketentuan Anggaran Dasar Perseroan dan
peraturan perundang-undangan, terutama
Peraturan Otoritas Jasa Keuangan Nomor
32/POJK.04/2014 tentang Rencana Dan
Penyelenggaraan Rapat umum Pemegang
Saham Perusahaan Terbuka. Keputusan yang
diambil dalam Rapat Umum Pemegang Saham
didasarkan pada kepentingan usaha Perseroan
dalam jangka panjang.
Pada tahun 2016, Perseroan menyelenggara–
kan Rapat Umum Pemegang Saham Tahunan
dan Rapat Umum Pemegang Saham Luar
Award – II – 2016. The Company obtained
the predicate of B (Good) in the Service –
Restaurant, Hotel & Tourism sector from
Economic Review.
GOVERNANCE STRUCTURE
Pursuant to Law No. 40 of 2007 on Limited
Liability Companies, a company’s instruments
consist of General Meeting of Shareholders,
Directors and Board of Commissioners. The
Company’s management consists of Board of
Commissioners and Board of Directors; both
of which have clear authority and responsibility
based on their respective function, as stated in
the Articles of Association and the Regulations.
The Company’s Good Corporate
Governance Structure consists of:
I. General Meeting of Shareholders
II. Board of Directors
III. Board of Commissioners
IV. Committees under Board of
Commissioners
V. Internal Audit Unit
VI. Corporate Secretary
GENERAL MEETING OF SHAREHOLDERS
General Meeting of Shareholders is the
Company’s instruments that serves as a medium
for the shareholders to make important
decision on the Company’s operations. The
decision-making process is conducted by
taking into account the Company’s Articles of
Association and the regulations, particularly
Financial Services Authority Regulation
Number 32/POJK.04/2014 on the Plan and
Holding of General Meeting of Shareholders
for Public Companies. Decisions made in the
General Meeting of Shareholders are based on
the Company’s business interests in the long
term.
In 2016, the Company convened Annual General
Meeting of Shareholders and Extraordinary
General Meeting of Shareholders on 10 June
149
Biasa yang dilaksanakan pada tanggal 10
Juni 2016 bertempat di HARRIS Hotel Tebet
– Jakarta, Jalan Dokter Saharjo nomor 191,
Jakarta 12960. Kemudian, Perseroan juga
menyelenggarakan Rapat Umum Pemegang
Saham Luar Biasa pada tanggal 18 Agustus
2016 di tempat yang sama.
Keputusan Rapat Umum Pemegang Saham
Tahunan dan Rapat Umum Pemegang Saham
Luar Biasa 2016
a. Agenda dan Keputusan
Selama tahun 2016, Perseroan telah
mengadakan Rapat Umum Pemegang Saham
Tahunan maupun Rapat Umum Pemegang
Saham Luar Biasa yang telah dinyatakan dan
diaktakan di hadapan Notaris melalui berita-
berita acara sebagai berikut:
1. Akta Berita Acara Rapat Umum Pemegang
Saham Tahunan No. 13, tanggal 10 Juni
2016, dibuat dihadapan Simon Yos Sudarso,
S.H., LL.M., Notaris di Jakarta.
Akta secara garis besar mengatur dan
menyetujui hal-hal sebagai berikut:
• 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.
• Penetapan penggunaan laba bersih tahun
buku 2015.
• Penentuangaji,honorariumdantunjangan
lainnya bagi anggota Direksi dan Dewan
Komisaris.
• Penunjukan Akuntan Publik Independen
yang akan mengaudit laporan keuangan
dan pemberian wewenang kepada Direksi
Perseroan untuk menetapkan honorarium
Akuntan Publik Independen tersebut serta
persyaratan lainnya.
2016 at HARRIS Hotel Tebet – Jakarta, Jalan
Dokter Saharjo nomor 191, Jakarta 12960.
Then, the Company convened Extraordinary
General Meeting of Shareholders on 18 August
2016 at the same place.
Resolutions of Annual General Meeting of
Shareholders and Extraordinary General
Meeting of Shareholders in 2016
a. Agenda and Resolutions
In 2016, the Company held General Meeting
of Shareholders (Annual and Extraordinary),
which have been stated and notarized before
a Notary in the following records:
1. Deed of Minutes of Annual General Meeting
of Shareholders No. 13, dated 10 June 2016,
prepared and presented before Simon Yos
Sudarso, S.H., LL.M., Notary in Jakarta.
The deed regulates and approves the
following points:
• ApprovalandratificationoftheCompany’s
Annual Report for 2015 fiscal year,
including Report on the Company’s
Activity, Supervision Report of the Board of
Commissioners and Financial Statements
for 2015 fiscal year, as well as the granting
of full release and discharge (acquit et de
charge) to Board of Directors and Board of
Commissioners.
• Determinationofnetprofitusagefor2015
fiscal year.
• Determination of salary, honorarium and
other allowances for members of Board of
Directors and Board of Commissioners.
• Appointment of Independent Public
Accountant that will audit financial
statements and authority granting to Board
of Directors to determine the honorarium
for Independent Public Accountant and
other requirements.
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• Penyajian laporan realisasi penggunaan
dana Penawaran Umum Terbatas I kepada
para pemegang saham.
2. Akta Berita Acara Rapat Umum Pemegang
Saham Luar Biasa No. 14, tanggal 10 Juni
2016, dibuat dihadapan Simon Yos Sudarso,
S.H., LL.M., Notaris di Jakarta.
Akta secara garis besar mengatur dan
menyetujui hal-hal sebagai berikut:
• Persetujuan perubahan pengurus
Perseroan.
• PersetujuanpemberianjaminanPerusahaan
(Corporate Guarantee) oleh Perseroan
yang nilainya lebih dari 50% (lima puluh
persen) jumlah kekayaan bersih Perseroan
dalam 1(satu) transaksi atau lebih, baik yang
berkaitan satu sama lain maupun tidak.
3. Akta Pernyataan Keputusan Keputusan
Rapat No. 160, tanggal 18 Agustus 2016,
dibuat dihadapan Dr. Irawan Soerodjo, SH.,
MSi., Notaris di Jakarta.
Akta secara garis besar mengatur dan
menyetujui hal-hal sebagai berikut:
• 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.
b. Realisasi Keputusan Rapat Umum
Pemegang Saham
Perseroan telah merealisasikan semua
keputusan yang diambil dalam Rapat Umum
Pemegang Saham pada tahun 2016.
Keputusan Rapat Umum Pemegang Saham
Tahunan dan Rapat Umum Pemegang Saham
Luar Biasa Tahun Sebelumnya
Pada tahun 2015, agenda, keputusan dan
realisasi keputusan Rapat Umum Pemegang
Saham Tahunan 2015 adalah sebagai berikut:
• Presentation of the report on the use
of proceeds from Right Issue I to the
Shareholders.
2. Deed of Minutes of Annual General Meeting
of Shareholders No. 14, dated 10 June 2016,
prepared and presented before Simon Yos
Sudarso, S.H., LL.M., Notary in Jakarta.
The deed regulates and approves the
following points:
• ApprovalonthechangeoftheCompany’s
management composition
• Approval for the provision of Corporate
Guarantee by the Company with the value
of exceeding 50% (fifty percent) of the
total net assets of the Company in 1 (one)
transaction or more, either related to each
other or not.
3. Deed of Meeting Resolution No. 160, dated
18 August 2016, prepared and presented
before Dr. Irawan Soerodjo, SH., MSi.,
Notary in Jakarta.
The deed regulates and approves the
following points:
• EncumbertheCompany’snetassetwhich
value is more than 50% (fifty percent) of the
Company’s net asset in 1 (one) transaction
or more which either correlates or not with
each other.
b. Realization of the Resolutions of General
Meeting of Shareholders
The Company has realized all resolutions made
in the 2016 General Meeting of Shareholders.
Resolutions of Annual General Meeting of
Shareholders and Extraordinary General
Meeting of Shareholders in the Previous Year
The agenda, resolutions and realization of
the resolutions of the 2015 Annual General
Meeting of Shareholders are as follows:
151
Agenda dan Keputusan / Agenda and ResolutionRealisasi /
Realization
Persetujuan dan pengesahan Laporan Tahunan Perseroan tahun buku 2014, termasuk Laporan Kegiatan Perseroan, Laporan Tugas Pengawasan Dewan Komisaris dan Laporan Keuangan tahun buku 2014 dan pembebasan tanggung jawab sepenuhnya (acquit et decharge) kepada Direksi dan Dewan Komisaris Perseroan.Approval and validation of the Company’s Annual Report for 2014 fiscal year, including Report on Company Activities, Report on Board of Commissioners Monitoring Duties and FinancialStatements for 2014 fiscal year and the granting of full release anddischarge (acquit et de charge) to the Board of Directors and Board of Commissioners.
Terealisasi /Realized
Penetapan penggunaan laba bersih tahun buku 2014.Determination of net profit usage for 2014 fiscal year.
Terealisasi /Realized
Penunjukan Akuntan Publik Inpenden yang akan mengaudit laporan keuangan dan pemberian wewenang kepada Direksi Perseroanuntuk menetapkan honorarium Akuntan Publik Independentersebut serta persyaratan lainnya.Appointment of Independent Public Accountant that will audit financial statements and authority granting to Board of Directors to determine the honorarium for Independent Public Accountant and other requirements.
Terealisasi /Realized
Penentuan gaji, honorarium dan tunjangan lainnya bagi anggota Direksi dan Dewan Komisaris.Determination of salary, honorarium and other allowances for the members of Board of Directors and Board of Commissioners.
Terealisasi /Realized
Sedangkan agenda, keputusan dan realisasi
keputusan Rapat Umum Pemegang Saham
Luar Biasa pada tahun 2015 adalah sebagai
berikut:
Meanwhile, the agenda, resolutions and
realization of the resolutions of the 2015
Extraordinary General Meeting of Shareholders
are as follows:
152
Agenda dan Keputusan / Agenda and ResolutionRealisasi /
Realization
Perubahan Pasal 4 ayat 1 Anggaran Dasar Perseroan yaitu peningkatan Modal Dasar Perseroan yang semula berjumlah 5.000.000.000 (lima miliar) saham atau setara dengan Rp500.000.000.000 (lima ratus miliar Rupiah) menjadi berjumlah 40.000.000.000 (empat puluh miliar) saham atau setara dengan Rp4.000.000.000.000 (empat triliun Rupiah).Amendment of Article 4 paragraph 1 of the Company’s Articles of Association, namely the improvement of Authorized Capital from 5,000,000,000 (five billion) shares or equal to Rp5,000,000,000 (five thousand billion Rupiah) to 40,000,000,000 (forty billion) shares or equal to Rp4,000,000,000 (four trillion Rupiah).
Rencana Perseroan untuk melakukan Penawaran umum Umum Terbatas I dengan cara menerbitkan hak Memesan Efek Terlebih Dahulu kepada Para Pemegang Saham Perseroan dalam jumlah sebanyak 8.623.168.132 (delapan miliar enam ratus dua puluh tiga juta seratus enam puluh delapan ribu seratus tiga puluh dua) Saham Biasa Atas Nama dengan nilai nominal sebesar Rp100 (seratus Rupiah) per lembar saham atau seluruhnya dengan nilai nominal Rp862.316.813.200 (delapan ratus enam puluh dua miliar tiga ratus enam belas juta delapan ratus tiga belas ribu dua ratus Rupiah); dan dengan harga pelaksanaan Rp350 (tiga ratus lima puluh Rupiah) per lembar saham sehingga keseluruhan dana yang akan diterima Perseroan berjumlah Rp2.802.529.642.900 (dua triliun delapan ratus dua miliar lima ratus dua puluh sembilan juta enam ratus empat puluh dua ribu sembilan ratus Rupiah).The Company’s plan to conduct Right Issue I by issuing Pre-Emptive Rights for the Company’s Shareholders of 8,623,168,132 (eight billion six hundred twenty three million one hundred sixty eight thousand one hundred thirty two) Registered Common Shares with par value of Rp100 (one hundred Rupiah) per share or collectively with par value of Rp862,316,813,200 (eight hundred sixty two billion three hundred sixteen million eight hundred thirteen thousand two hundred Rupiah) and with implementation price of Rp350 (three hundred fifty Rupiah) per share. Total proceeds that will be received by the Company is Rp2,802,529,642,900 (two trillion eight hundred two billion five hundred twenty nine million six hundred forty two thousand nine hundred Rupiah).
Terealisasi /Realized
153
Agenda dan Keputusan / Agenda and ResolutionRealisasi /
Realization
Perubahan Pasal 4 ayat 1 Anggaran Dasar Perseroan yaitu peningkatan Modal Dasar Perseroan yang semula berjumlah 5.000.000.000 (lima miliar) saham atau setara dengan Rp500.000.000.000 (lima ratus miliar Rupiah) menjadi berjumlah 40.000.000.000 (empat puluh miliar) saham atau setara dengan Rp4.000.000.000.000 (empat triliun Rupiah).Amendment of Article 4 paragraph 1 of the Company’s Articles of Association, namely the improvement of Authorized Capital from 5,000,000,000 (five billion) shares or equal to Rp5,000,000,000 (five thousand billion Rupiah) to 40,000,000,000 (forty billion) shares or equal to Rp4,000,000,000 (four trillion Rupiah).
Rencana Perseroan untuk melakukan Penawaran umum Umum Terbatas I dengan cara menerbitkan hak Memesan Efek Terlebih Dahulu kepada Para Pemegang Saham Perseroan dalam jumlah sebanyak 8.623.168.132 (delapan miliar enam ratus dua puluh tiga juta seratus enam puluh delapan ribu seratus tiga puluh dua) Saham Biasa Atas Nama dengan nilai nominal sebesar Rp100 (seratus Rupiah) per lembar saham atau seluruhnya dengan nilai nominal Rp862.316.813.200 (delapan ratus enam puluh dua miliar tiga ratus enam belas juta delapan ratus tiga belas ribu dua ratus Rupiah); dan dengan harga pelaksanaan Rp350 (tiga ratus lima puluh Rupiah) per lembar saham sehingga keseluruhan dana yang akan diterima Perseroan berjumlah Rp2.802.529.642.900 (dua triliun delapan ratus dua miliar lima ratus dua puluh sembilan juta enam ratus empat puluh dua ribu sembilan ratus Rupiah).The Company’s plan to conduct Right Issue I by issuing Pre-Emptive Rights for the Company’s Shareholders of 8,623,168,132 (eight billion six hundred twenty three million one hundred sixty eight thousand one hundred thirty two) Registered Common Shares with par value of Rp100 (one hundred Rupiah) per share or collectively with par value of Rp862,316,813,200 (eight hundred sixty two billion three hundred sixteen million eight hundred thirteen thousand two hundred Rupiah) and with implementation price of Rp350 (three hundred fifty Rupiah) per share. Total proceeds that will be received by the Company is Rp2,802,529,642,900 (two trillion eight hundred two billion five hundred twenty nine million six hundred forty two thousand nine hundred Rupiah).
Terealisasi /Realized
Agenda dan Keputusan / Agenda and ResolutionRealisasi /
Realization
Perubahan Pasal 4 ayat 2 Anggaran Dasar Perseroan sehubungan dengan pelaksanaan Penawaran umum Umum Terbatas I, yaitupeningkatan Modal Ditempatkan dan Disetor Perseroan dari sebelumnya Rp255.880.360.000 (dua ratus lima puluh lima miliar delapan ratus delapan puluh juta tiga ratus enam puluh ribu Rupiah) menjadi Rp1.118.197.173.200 (satu triliun seratus delapan belas miliar seratus sembilan puluh tujuh juta seratus tujuh puluh tiga ribu dua ratus Rupiah).Amendment of Article 4 paragraph 2 of the Company’s Articles ofAssociation pursuant to the implementation of Right Issue I, namely the increase of Issued and Paid-In Capital from Rp255,880,360,000 (two hundred fifty five billion eight hundred eighty million three hundred sixty thousand Rupiah) to Rp1,118,197,173,200 (one trillion one hundred eighteen billion one hundred ninety seven million one hundred seventy three thousand two hundred Rupiah).
Rencana pembelian saham PT Plaza Indonesia Realty Tbk. sampaidengan sejumlah 1.048.225.500 (satu miliar empat puluh delapan juta dua ratus dua puluh lima ribu lima ratus) lembar saham atau setara dengan 29,53% (dua puluh Sembilan sembilan koma lima puluh tiga persen) dari seluruh Modal Ditempatkan dan Disetor dari PT Plaza Indonesia Realty Tbk dengan nilai Rp2.620.563.750.000 (dua triliun enam ratus dua puluh miliar lima ratus enam puluh tiga juta tujuh ratus lima puluh ribu Rupiah).The plan to purchase shares of PT Plaza Indonesia Realty Tbk. up to 1,048,225,500 (one billion forty eight million two hundred twenty five thousand five hundred) shares or equal to 29.53% (twenty nine point fifty three percents) from total Issued and Paid-In Capital from PT Plaza Indonesia Realty Tbk with a value of Rp2,620,563,750,000 (two trillion six hundred twenty billion five hundred sixty three million seven hundred fifty thousand Rupiah).
Persetujuan atas perubahan Anggaran Dasar Perseroan untukdisesuaikan dengan Peraturan Otoritas Jasa Keuangan.Approval on the change of Articles of Association to be adjusted with Financial Services Authorties Regulation.
Persetujuan perubahan susunan pengurus Perseroan.Approval on the change of the Company’s management composition.
Terealisasi, namun rencana
pembelian saham PT Plaza
Indonesia Realty Tbk
baru terealisasi 26,03%.
Realized, however, the plan to buy shares of PT
Plaza Indonesia Realty Tbk has
been realized by 26.03%.
154
Agenda dan Keputusan / Agenda and ResolutionRealisasi /
Realization
Perubahan Pasal 4 ayat 1 Anggaran Dasar Perseroan yaitu peningkatan Modal Dasar Perseroan yang semula berjumlah 5.000.000.000 (lima miliar) saham atau setara dengan Rp500.000.000.000 (lima ratus miliar Rupiah) menjadi berjumlah 40.000.000.000 (empat puluh miliar) saham atau setara dengan Rp4.000.000.000.000 (empat triliun Rupiah).Amendment of Article 4 paragraph 1 of the Company’s Articles of Association, namely increasing Authorized Capital from 5,000,000,000 (five billion) shares or equal to Rp500,000,000,000 (five hundred billion Rupiah) to 40,000,000,000 (forty billion) shares or equal to Rp4,000,000,000,000 (four trillion Rupiah).
Persetujuan atas perubahan Anggaran Dasar Perseroan untuk disesuaikan dengan Peraturan Otoritas Jasa Keuangan.Approval on the amendment of Articles of Association in line with Financial Services Authority Regulation.
Persetujuan perubahan susunan pengurus Perseroan yang meliputi Dewan Komisaris, Komisaris Independen dan Direksi.Approval of the change of the Company’s management, which consists of Board of Commissioners, Independent Commissioner and Board of Directors.
Terealisasi /Realized
Menyetujui pelaksanaan Penawaran Umum Terbatas I.Approving Right Issue I implementation.
Perubahan Pasal 4 ayat 2 Anggaran Dasar Perseroan sehubungan dengan pelaksanaan Penawaran Umum Terbatas I, yaitu peningkatan Modal Ditempatkan dan Disetor Perseroan dari sebelumnya Rp255.880.360.000 (dua ratus lima puluh lima miliar delapan ratus delapan puluh juta tiga ratus enam puluh ribu Rupiah) menjadi Rp1.118.197.173.200 (satu triliun seratus delapan belas miliar seratus sembilan puluh tujuh juta seratus tujuh puluh tiga ribu dua ratus Rupiah)Amendment of Article 4 paragraph 2 of the Company’s Articles of Association pursuant to the implementation of Right Issue I, namely the increase of Issued and Paid-In Capital from Rp255,880,360,000 (two hundred fifty five billion eight hundred eighty million three hundred sixty thousand Rupiah) to Rp1,118,197,173,200 (one trillion one hundred eighteen billion one hundred ninety seven million one hundred seventy three thousand two hundred Rupiah).
Terealisasi /Realized
Rencana Perseroan untuk mengubah rencana penggunaan dana hasil Penawaran umum Terbatas I.The Company’s plan to change the plan using proceeds from Right Issue I.
Terealisasi /Realized
155
DIREKSI
Direksi merupakan organ tata kelola
perusahaan yang bertugas dan bertanggung–
jawab secara kolegial dalam melaksanakan
pengurusan Perseroan sesuai dengan
kepentingan dan tujuan Perseroan serta
bertindak selaku pimpinan dalam pengurusan
tersebut.
Susunan Anggota Direksi
Berdasarkan Akta Pernyataan Keputusan
Rapat No. 15, tanggal 10 Juni 2016, dibuat
di hadapan Simon Yos Sudarso, S.H., LL.M.,
Notaris di Jakarta, sebagaimana telah
diterima pemberitahuannya oleh Menteri
Hukum dan Hak Asasi Manusia melalui
Penerimaan Pemberitahuan Perubahan Data
Perseroan No. AHU-AH.01.03-0063183,
tanggal 30 Juni 2016, pemegang saham
telah menyetujui pemberhentian dengan
hormat Edhie Bambang Siswoko sebagai
Direktur Independen PT Indonesian Paradise
Property Tbk, serta menyetujui pengangkatan
Alexander Nartates Nartates sebagai Direktur
Independen PT Indonesian Paradise Property
Tbk dan Anthony Prabowo Susilo sebagai
Wakil Presiden Direktur Perseroan, sehingga
komposisi Direksi Perseroan pada tanggal 31
Desember 2016 adalah sebagai berikut:
BOARD OF DIRECTORS
Board of Directors is the Company’s
instrument that collectively serves and takes
responsibilities in managing the Company
in accordance with the Company’s interests
and goals and to take actions as head of the
management.
Composition of Board of Directors
Pursuant to the Deed of Meeting Resolution
No. 15, dated 10 June 2016, prepared and
presented before Simon Yos Sudarso, S.H.,
LL.M., Notary in Jakarta, with the notification
that has been received by the Minister of
Justice and Human Rights through Receipt of
Notification of Data Change of the Company
No. AHU-AH.01.03-0063183 dated 30 June
2016, the shareholders have approved for
the respectful resignation of Edhie Bambang
Siswoko from his position as the PT Indonesian
Paradise Property Tbk’s Independent
Directors, and have approved for the
appointment of Alexander Nartates Nartates
as the new PT Indonesian Paradise Property
Tbk’s Independent Director as well as Anthony
Prabowo Susilo as the Company’s Vice
President Director. Hence, the composition
of the Company’s Board of Directors per 31
December 2016 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
Pernyataan Mengenai Pedoman atau
Piagam (Charter) Direksi
Direksi Perseroan mempunyai Pedoman
dan Tata Tertib kerja yang senantiasa
disempurnakan dan disesuaikan sesuai dengan
peraturan dan ketentuan yang berlaku di
Indonesia yang mengikat bagi setiap anggota
Direksi.
Statement on Guideline or Charter of Board
of Directors
The Company’s Board of Directors has a
Work Guideline that is continuously improved
and adjusted to the regulations applicable in
Indonesia. The Guideline binds each member
of the Company’s Board of Directors.
156
Tugas dan Tanggung Jawab Direksi
Secara umum, tugas dan tanggung jawab
Direksi adalah:
1. Bertanggung jawab atas pengurusan
Perseroan untuk kepentingan Perseroan
sesuai dan dalam mencapai maksud dan
tujuan Perseroan.
2. Bertanggung jawab atas seluruh tindakan
Perseroan dan memiliki kuasa, kewenangan
dan tugas yang melekat pada dirinya sesuai
dengan hukum terkait dan Anggaran Dasar.
3. Memperhatikan kepentingan Perseroan
secara keseluruhan, termasuk para
pemegang saham, karyawan, pelanggan,
serta tanggung jawab sosial dan hukum
Perseroan kepada masyarakat tempat
Perseroan beroperasi dan lingkungannya.
4. Menerapkan tata kelola perseroan yang
baik pada seluruh tingkat organisasi.
5. Bertanggung jawab atas manajemen, dan
pencapaian kinerja Perseroan.
6. Bertanggung jawab penuh atas manajemen
risiko dan untuk meninjau keefektifan sistem
pengendalian internal dan manajemen
risiko.
7. Mewakili Perseroan di dalam dan di luar
pengadilan.
Ruang Lingkup Tugas dan Tanggung Jawab
Masing-Masing Anggota Direksi
Agoes Soelistyo Santoso
– Presiden Direktur
Memiliki ruang lingkup tugas dan tanggung
jawab atas pengkoordinasian semua fungsi
Direksi serta menjalankan mandat dari para
pemegang saham.
Anthony Prabowo Susilo
– Wakil Presiden Direktur
Memiliki ruang lingkup tugas dan tanggung
jawab atas pelaksanaan operasional Perseroan
beserta anak-anak Perusahaannya.
Duties and Responsibilities of
Board of Directors
In general, the duties and responsibilities of
Board of Directors are as follows:
1. Being responsible for the management
of the Company, for the interest of the
Company in accordance with and in order
to attain the goals and purposes of the
Company.
2. Being responsible for all actions of the
Company and having the power, authority
and duties that are incorporated in their
positions in accordance with the related
laws and Articles of Association.
3. Taking into account the overall interests
of the Company, including those of the
shareholders, employees, customers, and
social responsibility and legal aspect to the
community and environment in which the
Company operates.
4. Implementing good corporate governance
within all organization levels.
5. Being responsible for the management and
performance achievement of the Company.
6. Having the full responsibility on risk
management and the obligation to review
the effectiveness of internal controls
system and risk management.
7. Representing the Company both inside and
outside the court.
Scope of Duties and Responsibilities of
Each Member of Board of Directors
Agoes Soelistyo Santoso
– President Director
The scope of his duties and responsibilities
covers coordination of all functions of the
Board of Directors and implementing orders
from the shareholders.
Anthony Prabowo Susilo
– Vice President Director
The scope of his duties and responsibilities
covers operational action of the Company and
its subsidiaries.
157
Alexander Nartates Nartates
– Direktur Independen
Memiliki ruang lingkup tugas dan tanggung
jawab atas pengembangan bisnis dan
hubungan dengan investor.
Patrick Santosa Rendrajaja – Direktur
Memiliki ruang lingkup tugas dan tanggung
jawab atas pelaksanaan/persiapan proyek-
proyek yang sedang dijalankan oleh Perseroan
beserta anak-anak Perusahaannya.
Diana Solaiman – Direktur
Memiliki ruang lingkup tugas dan tanggung
jawab atas perencanaan dan pengawasan
bidang Keuangan dan Akuntansi Perseroan
dan Anak Perusahaan.
Pengungkapan Prosedur, Dasar Penetapan,
dan Besarnya Remunerasi Direksi
Anggota Direksi diberi gaji dan tunjangan
lainnya yang jumlahnya ditentukan dari
Rapat Umum Pemegang Saham. Wewenang
tersebut dapat dilimpahkan kepada Dewan
Komisaris. Rapat Umum Pemegang Saham
Perseroan melalui Akta Berita Acara Rapat
umum Pemegang Saham Tahunan No. 13,
tanggal 10 Juni 2016, dibuat di hadapan
Simon Yos Sudarso, SH., LL.M., Notaris di
Jakarta, telah menyetujui dan memberikan
kuasa serta wewenang kepada Dewan
Komisaris untuk menetapkan gaji Direksi
serta tunjangan lainnya. Adapun besaran
remunerasi disesuaikan dengan kinerja dan
prestasi Direksi yang bersangkutan dengan
memertimbangkan rencana pengembangan
dan keadaan keuangan Perseroan.
Kebijakan Perusahaan Tentang Penilaian
Terhadap Kinerja Anggota Direksi
Penilaian kinerja Direksi dilakukan dengan
metode self assessment yang dilakukan setiap
tahun. Kriteria penilaian yang digunakan adalah
pengkajian pelaksanaan tugas dan tanggung
jawab berdasarkan pedoman Direksi yang
telah disusun Perseroan, antara lain meliputi
Alexander Nartates Nartates
– Independent Director
The scope of his duties and responsibilities
covers business development and investor
relation.
Patrick Santosa Rendrajaja – Director
The scope of duties and responsibilities covers
implementation/preparation of projects
which is conducted by the Company and its
Subsidiaries.
Diana Solaiman – Director
The scope of duties and responsibilities on
the planning and monitoring of Financial
and Accounting fields of the Company and
Subsidiaries.
Disclosure of Procedures, Basis of
Determination and Remuneration Amount
for Board of Directors
Board of Directors’ members receive salary
and other allowances, of which amount
is determined in the General Meeting of
Shareholders. The authority to determine the
amount is granted to Board of Commissioners.
The Company’s General Meeting of
Shareholders, through Deed of Minutes of
Annual General Meeting of Shareholders No.
13 dated 10 June 2016, prepared before Simon
Yos Sudarso, SH., LL.M., Notary in Jakarta,
approved and granted authority to the Board
of Commissioners to determine Board of
Directors’ salary and other allowances.
Remuneration amount is determined based
on Board of Directors’ performance, taking
into account the development plan and the
Company’s financial condition.
Performance Assessment Policy for
Members of Board of Directors
The Board of Directors’ performance is
assessed using self-assessment method
that is conducted annually. Assessment
criteria include reviewing the duties and
responsibilities based on the guideline for
Board of Directors drafted by the Company,
158
kinerja keuangan dan usaha, penerapan tata
kelola Perseroan yang baik dan kepatuhan
atas peraturan yang berlaku. Evaluasi tersebut,
baik secara perorangan maupun kolektif
selanjutnya akan disampaikan kepada Dewan
Komisaris untuk dievaluasi Dewan Komisaris.
DEWAN KOMISARIS
Dewan Komisaris merupakan organ
Perseroan yang mewakili Pemegang Saham.
Dewan Komisaris bertanggungjawab dalam
melakukan pengawasan serta memberikan
saran kepada Direksi dalam menjalankan
kegiatan kepengurusan Perseroan sesuai
dengan Anggaran Dasar yang ditetapkan dan
peraturan perundang-undangan yang berlaku.
Dewan Komisaris juga berwenang dalam
mengawasi serta memastikan bahwa
Direksi selalu mengedepankan kepentingan
Pemegang Saham dan kebutuhan Perseroan,
serta memastikan terlaksananya prinsip-
prinsip tata kelola perusahaan yang baik secara
efektif dan efisien.
Susunan Anggota Dewan Komisaris
Dewan Komisaris diangkat melalui Rapat
Umum Pemegang Saham. Tercatat hingga 31
Desember 2016, komposisi Dewan Komisaris
terdiri dari seorang Presiden Komisaris,
dengan 3 (tiga) orang anggota Komisaris.
Adapun komposisi Dewan Komisaris Perseroan
berdasarkan Akta Pernyataan Keputusan
Keputusan Rapat No. 15 tanggal 10 Juni 2016,
dibuat di hadapan Simon Yos Sudarso, SH.,
LL.M, Notaris di Jakarta, sebagaimana telah
diterima pemberitahuannya oleh Menteri
Hukum dan Hak Asasi Manusia melalui
Penerimaan Pemberitahuan Perubahan Data
Perseroan No. AHU-AH.01.03-0063183,
tanggal 30 Juni 2016, adalah sebagai berikut:
which covers, among others, financial and
business performance, implementation
of Good Corporate Governance and
compliance with the prevailing regulations.
The assessment, both individually and
collectively is then submitted to the Board of
Commissioners to be evaluated.
BOARD OF COMMISSIONERS
Board of Commissioners is the Company’s
instrument that represents the shareholders.
Board of Commissioners is responsible
to monitor and provide advice to Board
of Directors in engaging the Company’s
management activities pursuant to the Articles
of Association and regulations in force.
Board of Commissioners is also responsible
to monitor and ensure that Board of Directors
puts forward the Shareholders’ interests and
the Company’s needs and the effective and
efficient implementation of Good Corporate
Governance principles.
Composition of Board of Commissioners
Board of Commissioners is appointed
through the General Meeting of Shareholders.
As of 31 December 2016, Board of
Commissioners’ composition consists of
President Commissioner and a total of 4 (four)
Commissioners. Board of Commissioners’
composition, based on Deed of Meeting
Resolution No. 15 dated 10 June 2016,
prepared Simon Yos Sudarso, SH., LL.M,
Notary in Jakarta, of which the notification has
been received by the Ministry of Justice and
Human Rights through Receipt of Notification
of the Company’s Data Change No.AHU-
AH.01.03-0063183, dated 30 June 2016 is as
followed:
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Pernyataan Mengenai Pedoman atau
Piagam (Charter) Dewan Komisaris
Dewan Komisaris Perseroan mempunyai
Pedoman dan Tata Tertib Kerja yang senantiasa
disempurnakan dan disesuaikan dengan
peraturan dan ketentuan yang berlaku di
Indonesia yang mengikat bagi setiap anggota
Dewan Komisaris.
Pelaksanaan Tugas dan Tanggung Jawab
Dewan Komisaris
Sesuai dengan Anggaran Dasar Perseroan
serta peraturan terkait tata kelola perusahaan
yang baik, Dewan Komisaris bertugas untuk
mengawasi tindakan Direksi dan memberikan
nasihat kepada Direksi terkait pengurusan
operasional Perseroan.
Secara lebih terperinci, tugas pokok Dewan
Komisaris Perseroan diatur dalam Undang-
Undang Nomor 40 tahun 2007 tentang
Perseroan Terbatas, Peraturan Otoritas Jasa
Keuangan Nomor 33/POJK.04/2014 tentang
Direksi Dan Dewan Komisaris Emiten Atau
Perusahaan Publik dan Anggaran Dasar
Perseroan. Anggaran Dasar Perseroan sendiri
mewajibkan Direksi untuk meminta persetujuan
terlebih dahulu dari Dewan Komisaris sebelum
melakukan tindakan-tindakan yang penting
dan material. Pemberian persetujuan dari
Dewan Komisaris tertuang dalam Persetujuan
Dewan Komisaris yang khusus dibuat terkait
hal tersebut.
Statement on Guideline or Charter of Board
of Commissioners
The Company’s Board of Commissioners has a
Work Guideline that is continuously improved
and adjusted in accordance to the regulations
applicable in Indonesia. The Guideline binds
each member of the Company’s Board of
Commissioners.
Implementation of Duties and
Responsibilities of Board of Commissioners
Pursuant to the Articles of Association and
regulations on good corporate governance,
Board of Commissioners serves to monitor
Board of Directors’ action and to advice Board
of Directors on operational management.
In details, Board of Commissioners’ key
duties are regulated in Law No. 40 of 2007
on Limited Liability Companies, Regulation
of Financial Services Authorities No.33/
POJK.04/2014 on Board of Directors and
Board of Commissioners of Issuers or
Public Companies and Company’s Articles
of Association. In Articles of Association,
Board of Directors must request for Board of
Commissioners’ approval prior to performing
significant and material actions. Approval
granting from Board of Commissioners is
stated in Board of Commissioners Approval,
which is particularly drafted for such purpose.
Nama / Name Jabatan / Position
Todo SihombingPresiden Komisaris merangkap Komisaris Independen /President Commissioner cum Independent Commissioner
Hadi CahyadiWakil Presiden Komisaris merangkap Komisaris Independen /Vice President Commissioner cum Independent Commissioner
Amelia Gozali Komisaris / Commissioner
Karel Patipeilohy Komisaris / Commissioner
160
Pengungkapan Prosedur, Dasar Penetapan,
dan Besarnya Remunerasi Dewan Komisaris
Sesuai dengan ketentuan Pasal 113 Undang-
Undang No. 40 tahun 2007 tentang Perseroan
Terbatas, besarnya gaji dan tunjangan anggota
Dewan Komisaris ditetapkan dalam Rapat
Umum Pemegang Saham Perseroan melalui
Akta Berita Acara Rapat Umum Pemegang
Saham Tahunan No. 128, tanggal 12 Juni 2015,
dibuat di hadapan Dr. Irawan Soerodjo, SH.,
MSi., Notaris di Jakarta, untuk tahun buku
yang berjalan dalam jumlah yang sama dengan
jumlah yang ditetapkan pada tahun buku yang
lalu dan/atau dengan kenaikan maksimal 10%
(sepuluh persen) dari jumlah yang ditetapkan
pada tahun buku yang lalu. Rapat tersebut juga
memberikan kuasa dan wewenang kepada
Presiden Komisaris untuk menetapkan dan
mengatur alokasinya.
Kebijakan Mengenai Penilaian Kinerja
Dewan Komisaris
Penilaian kinerja Dewan Komisaris dilakukan
dengan metode self assessment yang dilakukan
setiap tahun. Kriteria penilaian yang digunakan
adalah pengkajian pelaksanaan tugas dan
tanggung jawab berdasarkan pedoman kerja
Dewan Komisaris.
KOMISARIS INDEPENDEN
Kriteria
Anggota Komisaris Independen dipilih
berdasarkan kriteria sesuai dengan peraturan
dan perundang-undangan yang berlaku. Dari
sisi kuantitas, jumlah Komisaris Independen
Perseroan juga telah memenuhi kriteria yang
ditetapkan yakni sebanyak paling kurang 30%
dari total anggota Dewan Komisaris.
Pernyataan Independensi
Selaras dengan penerapan praktik tata kelola
perusahaan yang baik, Komisaris Independen
dipilih secara transparan dan independen,
memiliki integritas dan kompetensi yang
memadai, bebas dari pengaruh yang
berhubungan dengan kepentingan pribadi
atau pihak lain, serta dapat bertindak secara
Disclosure of Procedures, Basis of
Determination and Remuneration Amount
for Board of Commissioners
Pursuant to Article 113 of Law No. 40 of
2007 on Limited Liability Companies, the
salary and allowances amount for Board of
Commissioners is stipulated during the General
Meeting of Shareholders in the Deed of Minutes
of Annual General Meeting of Shareholders
No. 128 dated 12 June 2015, prepared and
presented before Dr. Irawan Soerodjo, SH.,
MSi., Notary in Jakarta, for current year with
the same amount as the salary and allowances
amount stipulated in the previous year and/
or with maximum 10% (ten percent) increase
from the stipulated amount in the previous
fiscal year. Board of Commissioners is granted
authority in the meetings to determine and
manage its allocations.
Performance Assessment Policy for Board
of Commissioners
The Board of Commissioners’ performance
is assessed using self-assessment method
that is conducted annually. Assessment
criteria include reviewing the duties and
responsibilities based on the guideline for
Board of Commissioners.
INDEPENDENT COMMISSIONER
Criteria
The Independent Commissioner is appointed
based on the criteria stipulated in accordance
with the prevailing laws and regulations.
In terms of quantity, total Independent
Commissioners in the Company have met the
set criteria, namely 30%, at the minimum, of
the total members of Board of Commissioners.
Independency Statement
In line with the implementation of Good
Corporate Governance practices, the
Independent Commissioner is appointed
transparently and independently. They shall
have integrity and adequate competency,
be free from influence related to personal or
other parties’ interest, and be capable of acting
161
objektif dan independen dengan berpedoman
pada prinsip-prinsip Good Corporate
Governance.
KEBIJAKAN DAN PELAKSANAAN
FREKUENSI RAPAT DIREKSI, DEWAN
KOMISARIS, SERTA RAPAT GABUNGAN
DIREKSI DAN DEWAN KOMISARIS
Pada tahun 2016, Perseroan telah
menyelenggarakan rapat Direksi sebanyak
12 (dua belas) kali rapat dengan tingkat
kehadiran masing-masing anggota mencapai
100% selama periode jabatan. Sedangkan
rapat Dewan Komisaris sebanyak 4 (empat)
kali dengan tingkat kehadiran masing-masing
anggota mencapai 100%, yang dihadiri oleh
Anggota Dewan Komisaris dan dipimpin
oleh Presiden Komisaris. Secara keseluruhan,
rapat-rapat tersebut membahas berbagai hal
mengenai kinerja Perseroan sepanjang tahun
2016.
objectively and independently by referring to
the Good Corporate Governance principles.
POLICY AND FREqUENCY OF MEETINGS
OF BOARD OF DIRECTORS AND BOARD
OF COMMISSIONERS AS WELL AS JOINT
MEETING OF BOARD OF DIRECTORS AND
BOARD OF COMMISSIONERS
In 2016, the Company held 12 (twelve) Board
of Directors’ meetings with attendance rate of
each member reached 100% during their tenure.
Meanwhile, the Board of Commissioners
held 4 (four) meetings with attendance rate
of each member reached 100% as well. The
meetings of Board of Commissioners were
attended by all Commissioners and chaired
by the President Commissioner. In general, all
meetings conducted during the year discussed
about the performance of the Company in
2016.
162
PROGRAM PELATIHAN DAN
PENGEMBANGAN KOMPETENSI DIREKSI
DAN DEWAN KOMISARIS
Secara khusus, Perseroan tidak mem–
programkan pelatihan baik untuk Direksi
dan Dewan Komisaris. Namun untuk tetap
mendapatkan informasi dan perkembangan
terkini, Direksi dan Dewan Komisaris secara
aktif mengikuti berbagai seminar baik didalam
maupun luar negeri yang relevan dengan
bidang usaha Perseroan maupun keahlian
masing-masing anggota.
TRAINING AND COMPETENCY
DEVELOPMENT PROGRAMS FOR
BOARD OF DIRECTORS AND BOARD OF
COMMISSIONERS
The Company has not specifically programmed
trainings for the Board of Directors and Board
of Commissioners. However, to keep abreast
of the information and development, the Board
of Directors and Board of Commissioners.
actively participate in various seminars, both
in the country and overseas, that are relevant
to each of their fields and expertise.
HUBUNGAN AFILIASI DIREKSI DAN DEWAN KOMISARISAFFILIATIONS OF BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
Nama / Name Jabatan / Position
Hubungan Afiliasi Dengan / Affiliated With
PemegangSaham /
Shareholders
Dewan Komisaris / Board of
Commissioners
Direksi /Board ofDirectors
Agoes Soelistyo Santoso
Presiden Direktur / President Director
- - -
AnthonyPrabowo Susilo
Wakil Presiden Direktur / Vice President
Director- Amelia Gozali -
AlexanderNartates Nartates
Direktur Independen / Independent Director
- - -
Patrick Santosa Rendradjaja
Direktur / Director - - -
Diana Solaiman Direktur / DirectorPT Grahatama
Kreasibaru- -
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 / CommissionerPT Grahatama
Kreasibaru-
Anthony Prabowo
Susilo
Karel Patipeilohy Komisaris / CommissionerPT Grahatama
Kreasibaru- -
163
KOMITE AUDIT
Dalam rangka membantu pelaksanaan tugas
Dewan Komisaris, Perseroan memiliki Komite
Audit yang dibentuk dengan memenuhi
ketentuan Keputusan Ketua Badan Pengawas
Pasar Modal Dan Lembaga Keuangan Nomor:
KEP-643/BL/2012 tentang Pembentukan Dan
Pedoman Pelaksanaan Kerja Komite Audit.
AUDIT COMMITTEE
In order to assist the duties of Board of
Commissioners, the Company has an Audit
Committee which is established by meeting
provisions of the Decree of the Chairman
of Capital Market and Financial Institution
Supervisory Board No. KEP-643/BL/2012
about Establishment and Working Guidelines
for the Audit Committee.
Nama / Name Jabatan / Position
Hadi Cahyadi Ketua Komite Audit / Head of Audit Committee
Anang Yudiansyah Anggota / Member
Kurniadi Anggota / Member
SUSUNAN ANGGOTA KOMITE AUDIT / COMPOSITION OF AUDIT COMMITTEE
Profil Anggota Komite Audit
Hadi Cahyadi
Profil dapat dilihat di bab Profil Dewan
Komisaris.
Anang Yudiansyah
a. Tempat/tanggal lahir:Malang, 18 April 1969.
b. Pendidikan:
1) Sarjana Ekonomi, Program Studi
Akuntansi, Universitas Indonesia (1994).
2) Accountant and Certified Internal
Auditor.
c. Pengalaman:
1) Senior Auditor pada Ernst & Young
(September 1992 – Maret 1996).
2) Head of Internal Audit pada PT Semen
Cibinong Tbk (Maret 1996 – Maret 2000).
3) Komite Audit pada PT Sarana Menara
Nusantara Tbk (Desember 2011 – Juni
2013).
4) Komite Audit pada PT Ancora Resources
Tbk (November 2009 – April 2014).
5) Senior Advisor (consulting & auditing)
pada PT DEX Solutions Indonesia (April
2009 – sekarang).
Profile of Audit Committee Members
Hadi Cahyadi
His profile can be read in the Board of
Commissioners’ profile.
Anang Yudiansyah
a. Place/date of Birth: Malang, 18 April 1969.
b. Education:
1) Bachelor of Economics, Accounting
Study Program, University of Indonesia
(1994).
2) Accountant and Certified Internal Auditor.
c. Experience:
1) Senior Auditor for Ernst & Young
(September 1992 – March 1996).
2) Head of Internal Audit for PT Semen
Cibinong Tbk (March 1996 – March 2000)
3) Audit Committee for PT Sarana Menara
Nusantara Tbk (December 2011 – June
2013).
4) Audit Committee for PT Ancora
Resources Tbk (November 2009 – April
2014).
5) Senior Advisor (consulting & auditing)
for PT DEX Solutions Indonesia (April 2009
– present).
164
Kurniadi
a. Tempat/tanggal lahir: Bogor, 8 Oktober
1970;
b. Pendidikan:
1) Sarjana Ekonomi, Program Studi
Akuntansi, Universitas Tarumanagara
(1993).
c. Pengalaman:
1) Auditor pada Johan Malonda & Rekan
– Public Accountant & Consultation (Juli
1992 – Oktober 1993).
2) Auditor & Consultant pada Prasetio
Utomo & Co. – Public Accountant &
Consultation (Oktober 1993 – November
1996).
3) Corporate Secretary pada PT Intikeramik
Alamasri Industri Tbk (November 1996 –
Juli 2010).
4) Anggota Komite Audit pada PT
Indostraits Tbk (Januari 2012 – sekarang)
5) Anggota Komite Audit pada PT
Kobexindo Tractors Tbk (Desember 2012 –
sekarang)
6) Anggota Komite Audit pada PT Barito
Pacific Tbk (Juni 2013 – sekarang)
Independensi Komite Audit
Seluruh anggota Komite Audit merupakan
pribadi yang profesional, berpengalaman, dan
tidak memiliki hubungan bisnis baik langsung
maupun tidak langsung yang berkaitan dengan
kegiatan usaha Perseroan, untuk menjaga
independensi dalam pelaksanaan tugas dan
tanggung jawabnya. Seluruh anggota Komite
Audit telah memenuhi kriteria independensi,
keahlian, pengalaman dan integritas yang
dipersyaratkan dalam ketentuan yang berlaku.
Tugas, Tanggung Jawab, dan Wewenang
Komite Audit
Komite Audit memiliki tugas dan tanggung
jawab untuk memberikan pendapat
independen dan profesioanl kepada Dewan
Komisaris terhadap laporan atau hal-hal yang
disampaikan oleh Direksi kepada Dewan
Komisaris; untuk membantu Dewan Komisaris
Kurniadi
a. Place/date of birth: Bogor, 8 October 1970
b. Education:
1) Bachelor of Economics, Accounting
Study Program, Tarumanagara University
(1993).
c. Experience:
1) Auditor for Johan Malonda & Partners
– Public Accountant & Consultation (July
1992 – October 1993).
2) Auditor & Consultant for Prasetio Utomo
& Co. – Public Accountant & Consultation
(October 1993 – November 1996)
3) Corporate Secretary for PT Intikeramik
Alamasri Industri Tbk (November 1996 –
July 2010).
4) Audit Committee Member for PT
Indostraits Tbk (January 2012 – present).
5) Audit Committee Member for PT
Kobexindo Tractors Tbk (December 2012 –
present).
6) Audit Committee Member for PT Barito
Pacific Tbk (June 2013 – present).
Independency of Audit Committee
All members of the Audit Committee are
persons who are professional, experienced,
and have no business relations both
directly and indirectly related to the
Company’s business activities, to maintain
its independence in implementation of idts
duties and responsibilities. All members of
the Audit Committee have met the criteria
of independence, expertise, experience and
integrity conditioned in prevailing provisions.
Duties, Responsibilities and Authority of
Audit Committee
The Audit Committee has duties and
responsibilities to provide professional
and independent opinions to the Board
of Commissioners regarding reports of
matters submitted by the Board of Directors
to the Board of Commissioners; to assist
165
pada tanggung jawab pengawasan, termasuk
mengidentifikasi hal-hal yang memerlukan
perhatian Dewan Komisaris; dan tugas lain
yang berkaitan dengan Dewan Komisaris,
antara lain:
• Mengulas informasi keuangan yang
diterbitkan oleh Perseroan kepada publik
atau pihak yang berwenang, seperti laporan
keuangan, proyeksi dan pernyataan lainnya
yang berkaitan dengan informasi keuangan
Perseroan;
• Mengulas tingkat kepatuhan/ketaatan
Perseroan terhadap peraturan yang berlaku
di bidang Pasar Modal dan peraturan lain
yang berkaitan dengan kegiatan Perseroan;
• Memberikanopiniindependendalamkasus
perbedaan pendapat antara manajemen
dan penyedia jasa akuntansi;
• Memberikan rekomendasi kepada Dewan
Komisaris mengenai penunjukan Akuntan
berdasarkan independensi, ruang lingkup
tugas dan biaya;
• Mengulas pelaksanaan audit oleh auditor
internal dan mengawasi pelaksanaan
tindak lanjut oleh Direksi atas hasil temuan
auditor internal.
• Mengulas pelaksanaan kegiatan
manajemen risiko yang dilakukan oleh
Direksi, apabila Perseroan tidak memiliki
fungsi pemantauan risiko dalam Dewan
Komisaris;
• Memeriksakeluhanterkaitprosesakuntansi
keuangan Perseroan;
• Mengulas dan memberikan saran kepada
Dewan Komisaris sehubungan dengan
potensi konflik kepentingan di Perseroan;
dan
• Menjaga kerahasiaan dokumen dan
informasi Perseroan.
Kebijakan dan Pelaksanaan tentang
Frekuensi Rapat Komite Audit
Pada tahun 2016, Komite Audit telah
menyelenggarakan rapat yang membahas dan
mengevaluasi kinerja Perseroan sepanjang
tahun 2016.
the Board of Commissioners in conducting
their supervisory duty, including identifying
matters that require Board of Commissioners’
attention; and other duties relevant to the
Board of Commissioners, such as:
• Reviewing the financial information
published by the Company to the public or
authorities, such as financial statements,
projections and other statements relevant
to the Company’s financial information;
• Reviewing the Company’s compliance
with the prevailing regulations in capital
market and other regulations relevant to
Company’s activities;
• Providing independent opinions should
there be dissenting views between the
management and accounting service
provider;
• Providing recommendations to the Board
of Commissioners on the appointment of
Accountants based on the independency,
scope of duties and fees;
• Reviewing audit activities conducted
by the internal auditors and monitoring
the follow-up actions conducted by the
Board of Directors on the internal auditors’
findings.
• Reviewing risk management activities
conducted by the Board of Directors,
if the Company does not have risk
monitoring function under the Board of
Commissioners;
• Examining complaints related to the
Company’s financial accounting process;
• Reviewing and providing advice to the
Board of Commissioners on matters that
have the potential of conflict of interest in
the Company; and
• Maintaining the confidentiality of the
Company’s documents and information.
Policies and Implementation of Audit
Committee Meetings
In 2016, the Audit Committee held meetings
to discuss and evaluate the Company’s
performance during the year.
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Pelaksanaan Tugas Komite Audit 2016
Sepanjang tahun 2016, Komite Audit telah
memberikan pendapat secara profesional
dan independen kepada Dewan Komisaris
mengenai laporan yang disampaikan
Direksi serta mengidentifikasi hal-hal yang
memerlukan perhatian Dewan Komisaris.
Komite Audit juga menelaah laporan,
informasi keuangan dan keterbukaan
informasi lainnya yang dikeluarkan Perseroan;
melakukan evaluasi manajemen risiko dan
sistem pengendalian internal; memberikan
masukan perihal penunjukkan Kantor Akuntan
Publik kepada Dewan Komisaris; bekerja sama
dengan Internal Audit; serta membantu Dewan
Komisaris perihal pengawasan pelaksanaan
tata kelola perusahaan yang baik.
KOMITE/FUNGSI NOMINASI DAN
REMUNERASI
Perseroan belum membentuk Komite
Nominasi dan Remunerasi. Fungsi serta tugas
Komite Nominasi dan Remunerasi pada tahun
2016 dilaksanakan oleh Dewan Komisaris.
SEKRETARIS PERUSAHAAN
Pihak yang ditunjuk dan diangkat oleh Direksi
dengan memenuhi Peraturan Otoritas Jasa
Keuangan Nomor 35/POJK.04/2014 tentang
Sekretaris Perusahaan Emiten Atau Perusahaan
Publik.
Profil Sekretaris Perusahaan
Diana Solaiman diangkat sebagai Sekretaris
Perusahaan menggantikan Ruben Adi
Pramudita S. berdasarkan Surat Keputusan
Direksi No. 017/INPP-DIR/II/2017 tanggal 17
Februari 2017. Profil lengkap Diana Solaiman
dapat dilihat pada profil Direksi.
Diana Solaiman
Profil telah disajikan dalam pembahasan profil
Direksi.
Duties of Audit Committee in 2016
During the course of 2016, the Audit Committee
has provided professional and independent
opinions to the Board of Commissioners on
reports submitted by the Board of Directors
and identifies all matters that require Board
of Commissioners’ attention. The Audit
Committee has reviewed all reports, financial
information and other disclosure of information
by the Company; evaluated risk management
and internal control system; provided inputs
on the appointment of Public Accounting Firm
to the Board of Commissioners; cooperated
with the Internal Audit; and assisted the Board
of Commissioners in implementing Good
Corporate Governance in the Company.
NOMINATION AND REMUNERATION
COMMITTEE/FUNCTION
The Company has yet establish a Nomination
and Remuneration Committee. In 2016, the
duties and functions of Nomination and
Remuneration Committee were carried out by
the Board of Commissioners.
CORPORATE SECRETARY
A party appointed by the Company by
complying with the Financial Services
Authority Regulation No. 35/POJK.04/2014
concerning Corporate Secretary of Issuers or
Public Companies.
Profile of Corporate Secretary
Diana Solaiman was appointed as the
Corporate Secretary, replacing Mr. Ruben Adi
Pramudita S. pursuant to the Decision Letter of
Board of Directors No. 017/INPP-DIR/II/2017
dated 17 February 2017. The complete profile
of Mrs. Diana Solaiman can be read at Board of
Directors’ profile part.
Diana Solaiman
Her profile has been presented in the Board of
Directors’ profile.
167
Tugas dan Tanggung Jawab
Sekretaris Perusahaan berperan penting
dalam memfasilitasi komunikasi antara organ
Perseroan, hubungan antara Perseroan dengan
stakeholders, serta kepatuhan terhadap
peraturan dan perundangan-undangan
yang berlaku. Guna mendukung peranan
tersebut, Sekretaris Perusahaan diangkat dan
bertanggungjawab kepada Direktur utama.
Tugas dan tanggung jawab Sekretaris
Perusahaan sebagai berikut:
• Mengikuti perkembangan pasar modal
khususnya peraturan perundang-undangan
yang berlaku di bidang pasar modal di
Indonesia.
• Memberikan masukan kepada Direksi
dan Dewan Komisaris Perseroan untuk
mematuhi ketentuan dan peraturan pasar
modal di Indonesia.
• Membantu Direksi dan Dewan Komisaris
Perseroan dalam pelaksanaan tata kelola
perusahaan yang meliputi:
➔ Keterbukaan informasi kepada
masyarakat, termasuk pada situs Perseroan.
➔ Penyampaian laporan kepada Otoritas
Jasa Keuangan (OJK) tepat waktu.
➔ Penyelenggaraan dan dokumentasi
Rapat Umum Pemegang Saham dari
Perseroan.
➔ Penyelenggaraan dan dokumentasi
rapat Direksi dan/atau Dewan Komisaris
Perseroan.
➔ Pelaksanaan program orientasi tentang
Perseroan bagi Direksi dan/atau Dewan
Komisaris.
➔ Penghubung antara Perseroan dengan
Pemegang Saham Perseroan, OJK dan
pemangku kepentingan lainnya.
Pelaksanaan Tugas dan Tanggung Jawab
Tahun 2016
Beberapa kegiatan yang dilakukan oleh
Sekretaris Perusahaan sebelumnya sepanjang
tahun 2016 adalah sebagai berikut:
• Menyelenggarakan Rapat Umum
Duties and Responsibilities
The Corporate Secretary plays an important
role in facilitating the communication
between the Company’s organs, relationship
between the Company and stakeholders,
and compliance to the prevailing legislation.
In order to support this role, the Corporate
Secretary is appointed by and is responsible to
the President Director.
The duties and responsibilities of the Corporate
Secretary are as follows:
• Keeping abreast of capital market
development, particularly the laws and
regulations applicable in capital market in
Indonesia.
• Giving inputs to the Company’s Board of
Directors and Board of Commissioner on
the compliance with the provisions and
regulations of capital market in Indonesia.
• AssistingtheCompany’sBoardofDirectors
and Board of Commissioners in the
implementation of corporate governance
which covers:
➔ Information disclosure to the public,
including on the Company’s website.
➔ Timely submission of reports to Financial
Services Authority (OJK).
➔ Convention and documentation
of the Company’s General Meeting of
Shareholders.
➔ Convention and documentation of
meetings of Company’s Board of Directors
and/or Board of Commissioners.
➔ Implementation of orientation program
for the Board of Directors and/or Board of
Commissioners.
➔ As the liaison for the Company to the
Shareholders, OJK and other stakeholders.
Duties and Responsibilities in 2016
Several activities conducted by the Corporate
Secretary in 2016 are as follows:
• ConventionofAnnualGeneralMeetingof
Shareholders and Extraordinary General
168
Pemegang Saham Tahunan dan Rapat
Umum Pemegang Saham Luar Biasa
• Partisipasi pada seminar-seminar yang
diselenggarakan oleh Otoritas Jasa
Keuangan
INTERNAL AUDIT
Profil Kepala Internal Audit
Berdasarkan Resolusi Keputusan Dewan
Komisaris dan Keputusan Presiden Direktur
tanggal 6 September 2016, Perseroan
mengangkat Andriyono Adi Nugroho sebagai
Internal Audit Perseroan.
Andriyono Adi Nugroho
a. Tempat/tanggal lahir, Surakarta, 1 Agustus
1982;
b. Pendidikan:
1) S1 – Jurusan Akuntasi, Universitas
Gadjah Mada, Yogyakarta, tahun 2004.
c. Pengalaman:
1) Senior Auditor pada Ernst & Young
(Oktober 2004 – November 2007)
2) Accounting Manager pada PT Kurnia
Insurans Indonesia (2007)
3) Manager pada Ernst & Young
(Januari 2008 – Juli 2016)
Kualifikasi dan Sertifikasi sebagai Profesi
Internal Audit
1. Chartered Accountant (CA) dari Ikatan
Akuntan Indonesia, tahun 2014.
2. Certified Professional Auditor of Indonesia
(CPAI) dari Institut Akuntan Publik
Indonesia, tahun 2015.
Struktur dan Kedudukan Internal Audit
Struktur dan kedudukan Internal Audit dapat
dilihat pada bagian Profil Perusahaan.
Piagam Internal Audit
Dalam melaksanakan tugas dan tanggung
jawab, Internal Audit merujuk pada Piagam
Internal Audit. Adapun isi Piagam Internal
Audit sebagai berikut:
Meeting of Shareholders
• Participationinseminarsorganizedbythe
Financial Services Authority
INTERNAL AUDIT
Head of Internal Audit Profile
Based on the Decision of Board of
Commissioners and Decision of President
Director dated 6 September 2016, the
Company appointed Andriyono Adi Nugroho
as the Internal Audit of the Company.
Andriyono Adi Nugroho
a. Place/date of birth, Surakarta, 1 August
1982;
b. Education:
1) Bachelor’s degree in Accounting, Gadjah
Mada University, Yogyakarta, in 2004.
c. Experience:
1) Senior Auditor at pada Ernst & Young
(October 2004 – November 2007)
2) Accounting Manager at PT Kurnia
Insurans Indonesia (2007)
3) Manager at Ernst & Young (January
2008 – July 2016)
qualification and Certification as Internal
Auditor
1. Chartered Accountant (CA) from the
Indonesian Institute of Accountants, in
2014.
2. Certified Professional Auditor of Indonesia
(CPAI) from the Indonesian Institute of
Certified Public Accountants, in 2015.
Structure and Position of Internal Audit
The structure and position of Internal Audit
Unit can be seen in the Company Profile
chapter.
Internal Audit Charter
In conducting their duties and responsibilities,
the Internal Audit of the Company refers to the
Internal Audit Charter, of which the contents
are as follows:
169
1. PENGENALAN
Internal Audit dibentuk berdasarkan
Peraturan Nomor IX.I.7, sebagai lampiran
dari keputusan Ketua Badan Pengawasan
Pasar Modal dan Lembaga Keuangan
(BAPEPAM-LK) No. Kep-496/BL/2008
pada tanggal 28 November 2008 tentang
pembentukan dan pedoman untuk Piagam
Internal Audit.
Internal Audit adalah sebuah kegiatan yang
bersifat assurance dan konsultasi yang
independen dan obyektif yang dirancang
untuk menambah nilai dan meningkatkan
operasi Perseroan dengan memanfaatkan
metodologi sistematis untuk mengevaluasi
serta meningkatkan efektivitas manajemen
risiko, pengendalian, dan proses tata kelola.
Internal Audit berkaitan dengan kontrol
yang memastikan :
o Kehandalan dan integritas informasi
keuangan dan operasional
o Efektivitas dan efisiensi operasional
o Perlindungan atas Aset
o Kepatuhan terhadap hukum, peraturan
dan kontrak
2. STRUKTUR DAN POSISI
o Direksi memiliki tanggung jawab
atas keseluruhan pengendalian intenal
Perseroan. Pengendalian internal
dirancang untuk mengelola bukan untuk
menghilangkan risiko bisnis. Untuk
membantu melindungi aset perusahaan
terhadap penipuan dan penyimpangan
lainnya; dan untuk memberikan assurance
yang wajar, namun tidak mutlak terhadap
kesalahan atau kehilangan.
o Internal Audit di bawah arahan
Komite Audit, membantu Direksi dengan
meninjau operasional dan efektivitas
sistem pengendalian internal perusahaan
dan prosedur-prosedur dimana sistem ini
dimonitor.
o Internal Audit bertanggung jawab
langsung kepada Presiden Direktur dan
1. INTRODUCTION
Internal Audit is established based on
the rule No. IX.I.7, as an attachment of
Resolution of Te Chairman of Capital
Market Supervisory Agency and Financial
Institution (BAPEPAM-LK) No. Kep-496/
BL/2008 dated 28 November 2008
regarding the establishment and guidelines
for Internal Audit Charter.
Internal Audit is an independent and
objective assurance and consultation
activity designed o add value and
improve the Company’s operation, by
utilizing systematic methodology of
risk management, and improving the
effectiveness of risk management, control
and governance process. Internal audit is
concerned with controls that ensure:
o Reliability and integrity of financial and
operating information
o Effectiveness and efficiency of operation
o Safeguarding of Assets
o Compliance with laws, regulations and
contracts
2. STRUCTURE AND POSITION
o The Board of Directors has overall
responsibility for the Company’s internal
control. Internal controls are designed to
manage, rather than eliminate business
risk; to help safeguard the Company’s
assets against fraud and other irregularities;
and to give reasonable, but not absolute
assurance, against misstatement or loss.
o Internal Audit, under the guidance of
the audit committee, assists the Board of
Directors by reviewing the operation and
effectiveness of the Company’s system
of internal control and the procedures by
which this is monitored.
o Internal Audit directly responsible to the
President Director and in performing their
170
dalam melaksanakan tugasnya Internal
Audit melaporkan kegiatannya kepada
Presiden Direktur dan Dewan Komisaris
melalui Komite Audit.
o Fungsi Internal Audit dikelola oleh
Kepala Internal Audit. Kepala Internal
Audit diangkat dan diberhentikan oleh
Presiden Direktur dengan persetujuan
Dewan Komisaris seperti yang disarankan
oleh Komite Audit. Pengangkatan dan
pemberhentian Kepada Internal Audit harus
segera diinformasikan kepada Otoritas Jasa
Keuangan (OJK).
o Auditor yang merupakan anggota dari
Internal Audit bertanggung jawab langsung
kepada Kepala Internal Audit .
o Kepala Internal Audit dan staff Internal
Audit lainnya tidak diperkenankan untuk
memegang fungsi operasional lainnya di
dalam Perusahaan.
3. TUGAS DAN TANGGUNGJAWAB
o Mengembangkan dan melaksanakan
rencana Internal Audit tahunan Perseroan.
o Meninjau dan mengevaluasi pelaksanaan
pengendalian internal dan manajemen
risiko sesuai dengan kebijakan Perusahaan.
o Melakukan audit dan menilai efisiensi
dan efektivitas semua fungsi di Perusahaan.
o Memberikan rekomendasi dan informasi
yang obyektif tentang kegiatan yang
diperiksa pada semua tingkat manajemen.
o Melaporkan hasil kegiatan audit dan
menyampaikan laporan kepada Presiden
Direktur dan Komisaris (melalui Komite
Audit).
o Memonitor, menganalisa, dan
melaporkan kemajuan rekomendasi audit.
o Bekerja sama dengan Komite Audit.
o Mengembangkan program dalam
rangka untuk mengevaluasi internal audit
yang dilakukan.
o Melakukan audit khusus jika diperlukan.
4. WEWENANG
o Mengakses semua informasi yang
relevan mengenai perusahaan yang
duties report to the President Director and
the Board of Commissioners through the
Audit Committee.
o The Internal Audit function is managed
by the Chief of Internal Audit. Chief
Internal Audit is appointed and dismissed
by President Director with Board of
Commissioners approval as advised by
Audit Committee. the appointment and
dismissal of the Chief Internal Audit must
be immediately informed to the Indonesia
Financial Service Authority (OJK).
o Auditors who are members of the
Internal Audit are responsible directly to
the Chief of Internal Audit.
o The Chief of Internal Audit and other
Internal Audit staff shall not hold any other
operational function within the Company.
3. DUTIES AND RESPONSIBILITIES
o Develop and execute the Company’s
annual Internal Audit plan.
o Review and evaluate the operation of
internal control and risk management in
accordance with the Company’s policy.
o Perform audit and assess the efficiency
and effectiveness of all functions in the
Company.
o Provide recommendations and objective
information about the activities under
review at all management levels.
o Report the audit result and deliver
the report to President Director and
Commissioner (through Audit Committee).
o Monitor, analyze, and report the
progress of the audit recommendation.
o Work together with the Audit
Committee.
o Develop programs to evaluate the
quality of internal audit performed.
o Perform special audit, if necessary.
4. AUTHORITY
o To access all relevant information
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berkaitan dengan tugas dan tanggung
jawabnya. Setiap perselisihan yang
signifikan mengenai akses tersebut akan
dilaporkan kepada Presiden Direktur untuk
resolusi.
o Melakukan komunikasi secara langsung
dengan Direktur, Komisaris, dan/atau
Komite Audit serta anggota Direksi,
Komisaris, dan/atau Komite Audit.
o Mengadakan rapat secara berkala dan
ad hoc dengan Direksi, Dewan Komisaris
dan atau Komite Audit.
o Mendapatkan dukungan dari semua
staff dan Manajemen dengan menyediakan
informasi dan penjelasan yang diperlukan
dalam rangka melakukan tugasnya.
o Melakukan koordinasi antara
kegiatannya dengan kegiatan Auditor
Eksternal.
5. KODE ETIK
Semua auditor internal harus menegakkan
prinsip-prinsip sebagai berikut ini:
➤ Integritas
o Auditor Internal harus melakukan
pekerjaan mereka dengan kejujuran,
ketekunan, dan tanggung jawab.
o Auditor Internal harus mematuhi
hukum dan membuat pengungkapan yang
diharapkan sesuai dengan hukum dan
profesi.
o Auditor Internal tidak akan dengan
sengaja menjadi pihak dari aktivitas ilegal,
atau terlibat dalam tindakan-tindakan yang
mendiskreditkan profesi Internal Audit atau
terhadap Organisasi.
o Auditor Internal harus menghormati dan
berkontribusi pada tujuan yang sah dan Etis
dari Organisasi.
➤ Objektivitas
o Auditor Internal tidak boleh berpartisipasi
dalam kegiatan atau hubungan apapun,
yang dapat, atau patut diduga dapat,
menghalangi penilaian Auditor Internal
regarding the Company related to its
duties and responsibilities. Any significant
disagreement regarding such access will
be reported to the President Director for
resolution.
o To communicate directly with the
Director, Commissioner, and/or Audit
Committee and the members of Board of
Directors, Board of Commissioners and/or
Audit Committee.
o To conduct periodic and ad hoc
meetings with the Board of Directors,
Board of Commissioners and/or the Audit
Committee.
o To get support from all staffs and
management by providing information and
explanations necessary in order to perform
its duty.
o To coordinate its activity with the
activities of external auditors.
5. CODE OF CONDUCT
All internal auditors should uphold the
following principles:
➤ Integrity
o Internal Auditors shall perform their work
with honesty, diligence and responsibility.
o Internal Auditors shall observe the law
and make disclosures expected by the law
and the profession.
o Internal Auditors shall not knowingly be
a party to any illegal activity, or engage in
acts that are discreditable to the profession
of Internal Auditor or to the organization.
o Internal Auditors shall respect and
contribute to the legitimate and ethical
objectives of the organization.
➤ Objectivity
o Internal Auditors shall not participate in
any activity or relationship that may impair
or be presumed to impair their unbiased
assessment. This participation includes
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yang adil. Termasuk dalam hal ini adalah
kegiatan atau hubungan apapun yang
mengakibatkan timbulnya pertentangan
kepentingan dengan organisasi.
o Auditor Internal tidak boleh menerima
apa pun yang dapat, atau diduga
dapat, mengganggu pertimbangan
profesionalnya.
o Auditor Internal harus mengungkapkan
semua fakta material yang diketahuinya,
yang apabila tidak diungkapkan, dapat
mendistorsi laporan atas kegiatan yang
direviu.
➤ Kerahasiaan
o Auditor Internal harus berhati-hati dalam
menggunakan dan menjaga informasi yang
diperoleh selama melaksanakan tugasnya.
o Auditor Internal tidak boleh
menggunakan informasi untuk
memperoleh keuntungan pribadi, atau
dalam cara apapun, yang bertentangan
dengan hukum atau merugikan tujuan
organisasi yang sah dan etis.
➤ Kompetensi
o Auditor Internal hanya terlibat dalam
pemberian jasa yang memerlukan
pengetahuan, kecakapan dan pengalaman
yang dimilikinya.
o Auditor Internal harus memberikan
jasa internal audit sesuai dengan Standar
Internasional Praktik Profesional Audit
Internal (Standar).
o Auditor Internal harus senantiasa
meningkatkan keahlian, keefektifan dan
kualitas jasanya secara berkelanjutan.
6. PERSYARATAN
Seseorang dapat ditunjuk sebagai Auditor
Internal hanya jika memenuhi persyaratan
sebagai berikut ini :
o Memiliki integritas dan perilaku
profesional, independen, jujur dan obyektif
dalam melaksanakan tugasnya.
o Memiliki pengetahuan teknis yang
memadai tentang audit serta memiliki
those activities or relationship that may
be in conflict with the interests of the
organization.
o Internal Auditors shall not accept
anything that may impair or be presumed
to impair their professional judgment.
o Internal Auditors shall disclose all
material facts known to them that, if not
disclosed, may distort the reporting of
activities under review.
➤ Confidentiality
o Internal Auditors shall be prudent in the
use and protection of information acquired
in the course of their duties.
o Internal Auditors shall not use
information for any personal gain or in any
manner that would be contrary to the law
or detrimental to the legitimate and ethical
objectives of the organization.
➤ Competency
o Internal Auditors shall engage only in
those services for which they have the
necessary knowledge, skills and experience.
o Internal Auditors shall perform internal
audit services in accordance with the
International Standards for the Professional
Practice of Internal Auditing (Standards).
o Internal Auditors shall continuously
improve their proficiency and the
effectiveness and quality of their services.
6. REQUIREMENTS
Internal auditor can be appointed as Internal
Auditor if only meet the requirements as
below:
o Has integrity and professional behavior,
independent, honest and objective in
performing his or her duties.
o Has adequate technical knowledge on
auditing and experiences and other related
173
pengalaman dan pengetahuan lainya
terkait dengan tugas-tugasnya.
o Memiliki pengetahuan yang memadai
tentang peraturan yang berlaku di pasar
modal dan peraturan terkait lainnya.
o Memiliki kompetensi untuk berinteraksi
dan berkomunikasi secara aktif baik lisan
maupun tulisan.
o Harus mematuhi standar profesional
yang dikeluarkan oleh Asosiasi Audit
Internal
o Harus mematuhi kode etik Internal
Audit.
o Harus menjaga kerahasian informasi
dan/atau data yang terkait dengan
pelaksanaan tugas dan tanggung jawab
Internal Audit kecuali diwajibkan oleh
peraturan atau keputusan pengadilan.
o Memahami prinsip-prinsip tata kelola
perusahaan yang baik dan manajemen
risiko.
o Bersedia untuk meningkatkan
pengetahuan, keahlian dan kemampuan
profesionalismenya secara terus menerus.
7. INDEPENDENSI DAN OBJEKTIFITAS
Kegiatan Internal Audit akan tetap bebas
dari campur tangan setiap elemen dalam
organisasi, termasuk dalam hal-hal seleksi
audit, ruang lingkup, prosedur, frekuensi,
pemilihan waktu, atau isi laporan untuk
memelihara sikap mental yang independen
dan obyektif yang diperlukan.
Auditor Internal tidak memiliki tanggung
jawab operasional atau otoritas secara
langsung atas kegiatan-kegiatan yang
diaudit.
Auditor internal akan menunjukkan
tingkat objektivitas profesional tertinggi
dalam mengumpulkan, mengevaluasi dan
mengkomunikasikan informasi tentang
kegiatan atau proses yang diperiksa.
Auditor Internal akan membuat penilaian
yang seimbang dari semua keadaan yang
knowledge to his or her duties.
o Has adequate knowledge regarding
applicable regulations in capital market
and other related regulations.
o Has competence to interact and
communicate effectively both in spoken
and written.
o Shall comply with the professional
standards issued by the Internal Audit
Association.
o Shall comply with the code of ethics of
the Internal Audit.
o Shall maintain confidentiality of the
Company’s information and/or data related
to the implementation of the duties and
responsibility of Internal Audit except as
required by regulation or court rulings.
o Understand good corporate governance
and risk management principles.
o Is willing to enhance his or her
professional knowledge, expertise and skill
in ongoing basis.
7. INDEPENDENCY AND OBJECTIVITY
The Internal Audit activity will remain free
from interference by any element in the
organization, including matters of audit
selection, scope, procedures, frequency,
timing, or report content to permit
maintenance of a necessary independent
and objective mental attitude.
Internal Auditors will have no direct
operational responsibility or authority over
any of the activities audited.
Internal Auditors will exhibit the highest
level of professional objectivity in
gathering, evaluating and communicating
information about the activity or process
being examined. Internal Auditors will
make balanced assessment of all the
relevant circumstances and not be unduly
174
relevan dan tidak terlalu dipengaruhi oleh
kepentingan mereka sendiri atau oleh
orang lain dalam membentuk penilaian.
Kepala Internal Audit akan mengkonfirmasi
kepada Direksi, setidaknya setiap tahun,
independensi secara organisasi kegiatan
internal audit.
8. PENUTUPAN
o Piagam Internal Audit ini akan mulai
berlaku sejak disetujui oleh Presiden
Direktur dan Dewan Komisaris.
o Piagam Internal Audit ini harus dievaluasi
setiap tahun untuk dapat menyesuaikan
diri dengan perkembangan peraturan yang
berlaku
Pelaksanaan Kegiatan Internal Audit
Selama Tahun 2016
Sepanjang tahun 2016, Internal Audit telah
melaksanakan tugas dan tanggung jawab
sejalan dengan tujuan bisnis Perseroan.
Pelaksanaan kegiatan Internal Audit pada
tahun 2016, telah dilakukan di berbagai
departemen di Perseroan, dengan rincian
informasi sebagai berikut:
influenced by their own interest or by
others in forming judgments.
The Chief of Internal Audit will confirm to
the Boards of Directors, at least annually, the
organizational independence of the internal
audit activity.
8. CLOSING
o The Internal Audit Charter shall be
effective as of the approval from President
Director and Commissioner.
o The Internal Audit Charter shall be
evaluated annually to adjust to the
development of prevailing regulations.
Internal Audit Activities in 2016
During the course of 2016, the Internal Audit
has carried out their duties and responsibilities
in line with the Company’s business purposes.
The Internal Audit has perform audit activities
in 2016 in various departments of the Company
with details as follows:
No Departemen / Departmen Tanggal Pelaksanaan / Date
1 Human Resource & Training 01 hingga 04 Maret 2016 / 1 – 4 March 2016
2 Legal 07 hingga 11 Maret 2016 / 7 – 11 March 2016
3 Corporate Secretary 14 hingga 16 Maret 2016 / 14 – 16 March 2016
4 Treasury 21 Maret - 29 Maret 2016 / 21 – 29 March 2016
5 Office Support :
04 April hingga 15 April 2016 / 4 – 15 April 2016Office
General Affair
Public Relation
6 Project Development– Jakarta 18 April hingga 22 April 2016 / 18 – 22 April 2016
7 Corporate Finance & Finance 02 Mei hingga 13 Mei 2016 / 2 – 13 May 2016
8 Accounting 23 Mei hingga 27 Mei 2016 / 23 – 27 May 2016
175
INFORMASI TENTANG AUDITOR
INDEPENDEN
Mekanisme Penunjukan Kantor Akuntan
publik
Pelaksanaan audit Laporan Keuangan
Perseroan dilakukan dengan menunjuk Kantor
Akuntan Publik. Penunjukan Kantor Akuntan
Publik diputuskan melalui Rapat Umum
Pemegang Saham yang memberikan kuasa dan
wewenang kepada Direksi untuk menunjuk
Kantor Akuntan Publik yang terdaftar di
Otoritas Jasa Keuangan. Tidak ada jasa lain
yang diberikan oleh Kantor Akuntan Publik
selain melakukan audit Laporan Keuangan
Perseroan.
Informasi Kantor Akuntan Publik
Informasi Kantor Akuntan Publik Perseroan
pada 3 (tiga) tahun terakhir adalah sebagai
berikut:
INFORMATION ON INDEPENDENT
AUDITOR
Mechanism of Appointment of Public
Accounting Firm
The implementation of audit on the Company’s
Financial Statement is conducted by appointing
a Public Accountant Firm. The appointment
of the Public Accountant Firm is decided in
the General Meeting of Shareholders which
granted power and authority to the Board of
Directors to appoint Public Accounting Firm
registered at the Financial Services Authority.
No service provided by the Public Accounting
Firm than audit on the Company's Financial
Statements.
Information on Public Accounting Firm
Information on the Company’s Public
Accounting Firm in the last 3 (three) years is
as follows:
SISTEM PENGENDALIAN INTERNAL
Sistem Pengendalian Keuangan dan
Operasional
Sistem Pengendalian Internal (Internal
Control) Perseroan dilaksanakan berdasarkan
peraturan-peraturan dan kebijakan serta
standar prosedur operasional (Standard
Operating Procedures) yang disusun dan
disahkan oleh manajemen, antara lain:
• Strukturorganisasiyangdetail,baikstruktur
organisasi perusahaan (corporate) maupun
per departemen yang menunjukan jenjang
manajemen sekaligus tugas dan wewenang
masing-masing karyawan dalam Perseroan.
INTERNAL CONTROL SYSTEM
Financial and Operational Control System
Internal Control System of the Company is
carried out based on regulations and policies,
standard operating procedures formed and
ratified by the management, including:
• Detailed organization structures, both
corporate structure and structure of
each department/unit that indicate
management ranking and duties and
authorities separation of each employees
in the Company.
Periode / Period
Kantor Akuntan Publik /Public Accounting Firm
Akuntan Publik / Public Accountant
Biaya /Fee
2016KAP Tanubrata Sutanto Fahmi Bambang & Rekan
Ledo Ekodianto 236.500.000
2015 KAP Tanubrata Sutanto Fahmi & Rekan Susanto Bong 205.700.000
2014 KAP Tanubrata Sutanto Fahmi & Rekan Susanto Bong 176.000.000
176
• Peraturan dan kebijakan yang terus
berkembang disesuaikan dengan kondisi
Perseroan, misalnya peraturan-peraturan
dan kebijakan kepegawaian.
• Standar Prosedur Operasional, misalnya
yang dibuat bersama dengan operator
hotel yang ditunjuk dan menjadi standar
pengelolaan manajemen hotel.
Evaluasi atas Efektivitas Sistem
Pengendalian Internal
Review dilaksanakan oleh Internal Audit
Perseroan dengan menguji dan mengevaluasi
pelaksanaan standar prosedur operasional
pada kegiatan keuangan maupun operasional,
baik anak Perseroan. Dari hasil review,
dilakukan perbaikan-perbaikan untuk
meningkatkan efektivitas kebijakan Perseroan.
MANAJEMEN RISIKO
Gambaran Umum Manajemen Risiko
Perusahaan
Sistem manajemen risiko Perseroan berfungsi
untuk mengelola risiko perusahaan yang
mencakup identifikasi, pengendalian, serta
evaluasi atas risiko-risiko yang berpotensi
mengganggu aktivitas bisnis, kelangsungan
usaha, dan menyebabkan tidak tercapainya
tujuan Perseroan.
Identifikasi risiko menjadi langkah awal
dalam penerapan sistem manajemen risiko
Perseroan. Perseroan meyakini bahwa
penerapan identifikasi risiko secara akurat dan
komprehensif sangat penting untuk dilakukan.
Perseroan senantiasa mengumpulkan
data sebanyak mungkin untuk melihat
potensi risiko yang dilakukan melalui survei,
wawancara, data historis, dan brainstorming
dalam rapat antar departemen. Risiko yang
dapat terjadi dalam aktivitas usaha umumnya
bersumber dari unsur ketidakpastian yang
menyebabkan tertekannya profitabilitas
hingga dapat menimbulkan kerugian. Proses
• Developing regulations and policies are
adjusted with the condition and progress
of the Company, such as employee
regulations and policies and others.
• Standard Operating Procedures, for
example, are made together with hotel
operators that appointed and used as hotel
management standard.
Evaluation on the Effectiveness of Internal
Control System
The review is carried out by the Company’s
Internal Audit by testing and evaluating
the implementation of standard operating
procedures on financial and operational
activities at the Company and business
units owned by the Company subsidiaries.
The review results to be used as basis for
improvements to increase the effectiveness of
the internal control system and policy in the
Company.
RISK MANAGEMENT
General Description on Company Risk
Management
The Company’s risk management system
serves to manage company risks that include
identification, control, and evaluation of risks
that could potentially disrupt business activity,
business continuity, and lead to failure to
achieve objectives of the Company.
Risk identification becomes the first step
in implementation of the Company’s risk
management system. The Company believes
that an accurate and comprehensive
implementation of risk identification is very
important to be conducted. The Company
always gathers data as much as possible
to view risk potentials which is conducted
through surveys, interviews, historic data, and
brainstorming in division meetings. Risks that
can happen in business activities generally
come from uncertainty that causes pressure
on profitability that can cause losses. The risk
identification process facilitates the Company
177
identifikasi risiko memudahkan Perseroan
untuk mengetahui bahaya yang ditimbulkan
terkait aktivitas bisnis Perseroan.
Setelah itu, Perseroan melakukan pengendalian
risiko dengan menggunakan pendekatan
terstruktur mulai dari penilaian risiko hingga
pengembangan strategi untuk mengelola
dan menyusun mitigasi risiko. Khusus mitigasi
risiko, Perseroan menggunakan sumber daya
yang dimiliki perusahaan. Dalam proses ini,
Perseroan menyusun serangkaian rencana
kegiatan penanganan guna memperkecil
eksposur risiko. Perseroan juga melakukan
evaluasi atas keefektifan sistem manajemen
risiko yang dilakukan secara berkala.
Jenis Risiko dan Pengelolaannya
Sejalan dengan bidang usaha Perseroan,
yaitu properti yang terutama berfokus pada
perhotelan, terdapat faktor-faktor risiko yang
harus dihadapi, terutama:
• RisikoPersainganusaha
untuk menghadapi persaingan ini,
Perseroan berusaha meningkatkan kualitas
pelayanan tamu dengan harga yang
bersaing. Perseroan juga selalu berusaha
melakukan inovasi-inovasi yang unik dalam
pengelolaan hotel-hotelnya.
• RisikogangguanKeamanan
Usaha Perseroan erat kaitannya dengan
kondisi keamanan dalam negeri. Adanya
beberapa negara yang mengeluarkan
peringatan (Travel Warning) bagi warganya
untuk bepergian ke Indonesia juga
mempengaruhi jumlah wisatawan yang
akan ke Indonesia. Demikian pula dengan
wisatawan lokal yang merasa tidak aman
sehingga berdampak pada penurunan
tingkat hunian (Occupancy Rate).
Guna meminimalisasi risiko, Perseroan
juga telah mengasuransikan keseluruhan
aset Perseroan seperti gedung, kendaraan
bermotor, mesin, peralatan, furnitur, dan lain-
lain dari kerusakan akibat kebakaran, bencana
alam, kerusuhan, serta klain Pihak Ketiga
(Public Liablities).
to determine the dangers posed related to the
Company’s business activities.
After that, the Company conducts risk
control by using structured approach from
risk assessment to strategy development
to manage and compile risk mitigation.
Specifically for risk mitigation, the Company
utilizes resources owned by the Company. In
this process, the Company complies a series
of plans of handling programs to minimize risk
exposure. The Company also evaluates the
effectiveness of the risk management system
which is conducted regularly.
Types and Management of Risks
In accordance with the Company business,
that is the property sector focusing on hotels,
some risk factors that must be faced are:
• BusinessCompetitionRisk
In facing the competition, the Company
attempts to improve the service quality
to the guests with competitive price. In
addition, the Company also continues
conducting unique innovations in
managing the hotels.
• SecurityDisturbanceRisk
The Company’s business is very much
related to the domestic security condition.
The travel warning issued by several
countries to their citizens who wish to
travel to Indonesia affect the number of
tourists travelling to Indonesia. Domestic
tourists also feel unsafe to travel that it
impacts the occupancy rate.
To minimize the risks, the Company has
covered all risk insurance for company
assets, including building, vehicles, machines,
furniture and others covering the damage
caused by fire, natural disasters, riots and
others as well from a Third-Party claim (Public
Liabilities).
178
Tinjauan atas Efektivitas Sistem
Manajemen Risiko
Secara berkala, Perseroan melakukan evaluasi
atas efektivitas sistem manajemen risiko
perusahaan antara lain dilakukan melalui:
• Inovasi dan pengembangan usaha telah
dilakukan, misalnya dengan memasuki
pangsa pasar hotel berbintang dua
dan melakukan pembangunan hotel
yang dilengkapi dengan fasilitas lokasi
perbelanjaan.
• Tindakan Perseroan dengan meng
asuransikan secara all risk aset-asetnya
maupun terhadap klaim Pihak ketiga juga
cukup efektif meminimalkan pengeluaran
ekstra Perseroan.
PERKARA PENTING YANG DIHADAPI
PERUSAHAAN 2016
Perkara Penting merupakan permasalahan
hukum yang dihadapi Perseroan selama
periode tahun laporan dan telah diajukan
melalui proses hukum baik melalui jalur
Pengadilan ataupun Arbitrase. Pada tahun
2016, Perseroan tidak memiliki perkara hukum.
INFORMASI SANKSI ADMINISTRATIF YANG
DIKENAKAN KEPADA PERUSAHAAN.
Sepanjang tahun 2016, tidak terdapat sanksi
administratif yang dikenakan kepada Emiten
atau Perusahaan Publik, anggota Direksi, dan
anggota Dewan Komisaris, oleh otoritas Pasar
Modal dan otoritas lainnya.
KODE ETIK
Pokok-Pokok Kode Etik
Perseroan memiliki kode etik Perusahaan
yang menjadi bagian yang tidak terpisahkan
dari peraturan internal Perseroan, dan wajib
diaplikasikan di seluruh lapisan Perseroan,
dimana merupakan perangkat dalam
mendukung visi dan misi Perseroan. Adapun
isi dari kode etik Perseroan adalah panduan
bagi jajaran Direksi, karyawan, dan wakil-
wakil perusahaan dalam menjalankan aktivitas
bisnis agar senantiasa sesuai dengan aturan
yang berlaku.
Overview on the Effectiveness of Risk
Management System
Periodically, the company evaluates the
effectiveness of risk management system in its
environment through:
• Innovation and development efforts
that have been conducted, for example
entering the two-star hotel market and
building hotels that are complemented
with a shopping facility.
• The Company actions to insure assets in
all-risk scheme as well as against third
party claims that are also quite effective
to minimize extra expenditure of the
Company.
LEGAL CASES IN 2016
Legal cases are categorized as legal issues
faced by the Company during the period of
the report and have been filed through the
legal process either through the court or
arbitration. In 2016, the Company had no legal
cases.
INFORMATION ON ADMINISTRATIVE
SANCTION IMPOSED ON THE COMPANY
During the year, there has been no
administrative sanction imposed on the
Company, Board of Directors, and Board
of Commissioners by the Capital Market
Authorities or other authorities.
CODE OF CONDUCT
Code of Conduct Principals
The Company has corporate codes of conduct
which becomes an inseparable part of the
Company’s internal regulations, and must be
applied in all of the Company’s levels which
are instruments of support to the Company’s
vision and mission. The contents of the Code
of Conduct are guidelines for the Board of
Directors, employees, and the Company’s
representatives in conducting their business
activities in order to be always in accordance
with prevailing regulations.
179
Secara rinci, informasi mengenai pokok-pokok
kode etik sebagai berikut:
• KewajibanindividudalamPerseroan
• Panduan hubungan Perseroan dengan
karyawan
• Panduanantikorupsidanpenyuapan
• Panduanmengenaibenturankepentingan
• Etika bisnis hubungan Perseroan dengan
pesaing
• Etika bisnis hubungan Perseroan dengan
Pemerintah
• Etika bisnis hubungan Perseroan dengan
masyarakat
• Etika bisnis hubungan Perseroan dengan
mitra bisnis
• Etika bisnis hubungan Perseroan dengan
pemegang saham, kreditur, dan investor
lain
Semua isi kode etik wajib ditaati dan berlaku
bagi seluruh level organisasi meliputi anggota
Direksi, anggota Dewan Komisaris, dan
karyawan Perseroan.
Penyebarluasan Kode Etik dan
Penegakannya
Sosialisasi kode etik dan penegakannya
dilakukan Perseroan kepada seluruh karyawan
melalui training, workshop, serta media
penyaluran informasi lainnya seperti website
perusahaan, dan lain-lain.
Jenis Sanksi Setiap Pelanggaran Kode Etik
Sepanjang tahun 2016, tidak terdapat
pelanggaran yang dilakukan oleh karyawan
terhadap kode etik Perseroan.
SISTEM PELAPORAN PELANGGARAN
Perseroan memiliki sistem pelaporan
pelanggaran yang bertujuan untuk mendeteksi,
mencegah, dan menanggulangi setiap
pelanggaran yang terjadi. Sistem pelaporan
pelanggaran ini melibatkan seluruh pegawai
sehingga memberikan rasa aman bagi seluruh
pihak yang berinteraksi dengan Perseroan.
In details, information on code of conduct
principals is as follows:
• Individual’sobligationintheCompany
• Guideline for relationship between the
Company and employees
• Guideline for anti-corruption and
gratification
• Guidelineforconflictofinterest
• Business ethics on the relationship of the
Company with competitors
• Business ethics on the relationship of the
Company with the government
• Business ethics on the relationship of the
Company with the public
• Business ethics on the relationship of the
Company with business partners
• Business ethics on the relationship of the
Company with shareholders, creditors and
other investors
All contents of code of ethics must be adhered
to and are applicable for all organization
levels, covering the Board of Directors, Board
of Commissioners and employees.
Dissemination of Code of Conduct and
Enforcement
The dissemination and enforcement of code
on conduct is conducted by the Company to
all employees through training workshop and
other information distribution media, such as
company’s website and so on.
Types of Sanction for the Violation Against
Code of Conduct
Throughout 2016, no violations conducted by
employees against the Company’s codes of
conduct.
WHISTLEBLOWING SYSTEM
The Company has established a whistleblowing
system that aims to detect, prevent and handle
each violation that occurs. The whistleblowing
system of the Company involves all employees
in order to provide safety for all parties
interacting with the Company.
180
Prosedur dan Tata Cara Penyampaian
dan Pihak yang Mengelola Laporan
Pelanggaran
Setiap indikasi adanya pelanggaran,
disampaikan melalui media email atau
surat tertulis kepada Internal Audit dengan
tembusan kepada Human Resources. Laporan
harus memberikan indikasi awal mengenai
pelanggaran yang terjadi. Indikasi-indikasi
tersebut termasuk diantaranya masalah yang
dilaporkan, pihak yang terlibat, waktu kejadian,
dan bagaimana terjadinya kejadian tersebut.
Pelapor juga harus mengindikasikan tentang
bagaimana pelapor dapat dihubungi untuk
permintaan keterangan lebih lanjut.
Perlindungan bagi Pelapor
Perseroan akan memberikan perlindungan
terhadap pelapor atas laporan-laporan yang
masuk. Perlindungan tersebut meliputi:
1. Jaminan kerahasiaan identitas pelapor dan
isi laporan yang disampaikan
2. Jaminan perlindungan terhadap perlakuan
yang merugikan pelapor
Jaminan perlindungan dari kemungkinan
adanya tindakan balas dendam, pemecatan
atau perilaku diskriminatif lainnya.
Penanganan Pengaduan
Laporan akan diteliti oleh tim khusus yang
ditunjuk Perseroan. Laporan yang akan
ditindaklanjuti adalah laporan-laporan
yang masuk pada kriteria yang dinyatakan
dalam lingkup kebijakan. Laporan-laporan
yang ditindaklanjuti akan dilaporkan
perkembangannya secara periodik kepada
pelapor dan Direksi dan/atau Dewan komisaris
Perseroan. Tindak lanjut akan dihentikan jika
diketahui bahwa laporan yang disampaikan
merupakan laporan palsu dan/atau tidak
didukung bukti-bukti yang kuat.
Hasil dari Penanganan Pengaduan
Selama tahun 2016, tidak terdapat laporan
pengaduan atas pelanggaran yang terjadi di
lingkungan bisnis Perseroan.
Procedures to Submit Report and Parties
Managing the Report
Each indication of violation is submitted
through emails or written letters to the
Internal Audit, with a copy delivered to the
Human Resources. The report shall provide
early indication on the violation, such as the
reported issue, parties involved, time and
the event of the violation. The whistleblower
needs to also indicate on how they shall be
contacted so that the Company may gain
further information regarding the violation.
Protection for Whistleblower
The Company provides protection for
whistleblower for their reports. The protection
covers:
1. Confidentiality guarantee of the identity of
whistleblower and contents of the report
2. Protection guarantee against any conduct
that may cause harm or loss to the
whistleblower.
Protection guarantee against the possibility
of revenge, termination of work contract or
other discriminatory actions.
Management of Whistleblowing
Each incoming report shall be examined by
a special team appointed by the Company.
The reports to be followed-up are those
that meet the criteria stated in the scope of
policy and the development shall be reported
periodically to the whistleblower and Board
of Directors and/or Board of Commissioners
of the Company/ follow-up action shall end
if the report is known as a fake report and/or
does not have supporting and string evidence.
Result of Whistleblowing Management
During 2016, there has been no report on the
violations that took place in the Company’s
business environment.
181
KEBERAGAMAN KOMPOSISI DIREKSI DAN
DEWAN KOMISARIS
Seluruh anggota Dewan Komisaris dan Direksi
mempunyai beragam keahlian, pengetahuan
dan pengalaman yang dibutuhkan PT
Indonesian Paradise Property Tbk. Uraian
kebijakan tertulis Perusahaan mengenai
keberagaman komposisi Dewan Komisaris
dan Direksi dalam keahlian, pengalaman, serta
kualifikasi personal tercantum dapam Piagam
Dewan Komisaris dan Piagam Direksi.
Informasi mengenai keberagaman komposisi
Dewan Komisaris dan Direksi sebagai berikut:
DIVERSITY OF THE BOARD OF DIRECTORS AND
BOARD OF COMMISSIONERS
All members of Board of Directors and Board
of Commissioners possess varied expertise,
knowledge and experience required by the
Company. Policies on the diversity in the
composition of Board of Directors and Board
of Commissioners in terms of expertise,
experience, and personal qualifications are
stipulated in the Charters of Board of Directors
and Board of Commissioners.
Information on the diversity of Company’s
Board of Directors and Board of Commissioners
is as follows:
Nama / Name Jabatan / Position
Pendidikan / Bidang Studi/ Education /Field of Study
Pengalaman Kerja Work Experience Usia / Age
Jenis Kelamin / Gender
Agoes Soelistyo Santoso
Presiden Direktur/ President Director
Sarjana dari FakultasEkonomi, Universitas Katolik Parahyangan tahun 1985/ Bachelor’s degree from Faculty of Economic of ParahyanganCatholic university in 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 / 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.
55 tahun/ yearsold
Laki - Laki / Male
AnthonyPrabowo Susilo
Wakil Presiden Direktur / Vice President Director
Bachelor of Science in BusinessAdministration concentration in Finance and Accounting atGeorgetown University, Washington D.C., USA
Vice President di PT Principia Management Group (2008 – 2015), Vice President of Business Development di PT Cardig Air (2008 – 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.
32 tahun/ yearsold
Laki - Laki / Male
182
Nama / Name
Jabatan / Position
Pendidikan / Bidang Studi/ Education /Field of Study
Pengalaman Kerja Work ExperienceUsia / Age
Jenis Kelamin / Gender
Alexander Nartates Nartates
Direktur Independen/ Independent Director
Lulusan University of Santo Tomas tahun 1986 serta Colegio de San Juan de Letran – Intramuros pada tahun 1975/ Graduted from the University of Santo Tomas in 1986 and Colegio de San Juan de Letran – Intramuros in 1975
Control Dept di Texas Instruments Philippines Inc., (1979 – 1988),Corporate Finance and Corporate Affairs di PT Arwana Citramulia Tbk ( 2002 – 2004), Head - Corporate Finance and Investor Relations di PT Kawasan Industri Jababeka Tbk (2005 – 2014) serta Head of Business Development and Investor Relations di PT Indonesian Paradise Property Tbk (2015-sekarang). / 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 Head of Business Development and Investor Relations at PT Indonesian Paradise Property Tbk (2015 up to present).
62 tahun/ yearsold
Laki - Laki / Male
Patrick Santosa Rendradjaja
Direktur/ Director
Master of Science degree in Architecture from Delft Technical University – the Netherlands in 1986
Dalam kurun waktu tahun 1989 – 2000 bekerja sebagai arsitek di Atelier 6 Group, Jakarta dan Project Coordinator Lippo City Development, Jakarta; Ometraco Realty, Jakarta; 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.
58 tahun/ yearsold
Laki - Laki / Male
Diana Solaiman
Direktur/ Director
Master’s degree in Business Administration from Philippine Christian University, Manila in 1992
Dalam kurun waktu tahun 1992 – 2001 pernah menjabat sebagai Finance & Accounting di beberapa perusahaan yaitu PT Putera Ometraco Electric dan PT Ometraco Corporation Tbk. / During the period of 1992 – 2001, she worked as a Finance & Accouning Manager at several companies such as PT Putera Ometraco Electric and PT Ometraco Corporation Tbk.
47 tahun/ yearsold
Perempuan/ Female
183
Nama / Name
Jabatan / Position
Pendidikan / Bidang Studi/ Education /Field of Study
Pengalaman Kerja / Work Experience
Usia / Age
Jenis Kelamin / Gender
Todo Sihombing
Presiden Komisaris merangkap Komisaris Independen / President Commissioner cum Independent Commissioner/ Independent Director
Akademi Militer Nasional pada tahun 1961 – 1964. Pada 1976 -1977 menempuh pendidikan SESKOAD, selanjutnya menempuh pendidikan SESKOGAB pada tahun 1981. Pada tahun 1987 menempuh pendidikan LEMHANAS, dan tahun 1992 menyelesaikan pendidikan di Defense Resources Management Course (DRMC) / The National Military Academy in 1961 – 1964, Army Command and Staff School (SESKOAD) in 1976 – 1977 and at the Integrated Staff and Command College (SESKOGAB) in 1981. In 1987, he graduated from the National Defense Institute (LEMHANAS) and in 1992 from the Defense Resources Management Course (DRMC)
Mayor Jenderal TNI tahun 1965 sampai dengan tahun 1997. Pada tahun 1994 – 1995 menjabat sebagai Koordinator Staf Ahli Panglima ABRI. Tahun 1995 – 1997 menjabat sebagai Wakil Ketua Fraksi TNI DPR RI Koordinator Bidang umum. / Major General of National Military (TNI) in 1997. He served as an Expert Staff Coordinator of Indonesian Military Commander in 1994 – 1995, and as a Deputy Chairman for Indonesian Military Fraction, General Affairs Coordinator, at the House of Representatives (DPR RI) in 1995 – 1997.
76 tahun/ yearsold
Laki - Laki / Male
Hadi Cahyadi
Wakil Presiden Komisaris merangkap Komisaris Independen / Vice President Commissioner cum Independent Commissioner
- Sarjana Akuntansi Universitas Tarumanagara- Master of Business Administration (MBA) dari University of Houston-Clear Lake serta gelar Master Degree in Corporate Law (MCL) dari Royal Melbourne Institute of Technology (RMIT) / - Bachelor’s degree in Accounting from Tarumanagara University- 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)
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. / 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.
51 tahun/ yearsold
Laki - Laki / Male
184
Amelia Gozali
Komisaris / Commissioner
Bachelor of Business Administration, Marketing – Honors dari universitas of Southern California, Marshall School of Business, Los Angeles, CA tahun 2006 / Bachelor of Business Administration degree, Marketing – Honors, from University of Southern California, Marshall School of Business, Los Angeles, CA in 2006
Mengawali karir tahun 2004 – 2005 sebagai Marketing di Starbucks, Jakarta; Phelps Group, Santa Monica, CA; dan World Harvest, Arcadia, CA. tahun 2006 -2007 bekerja di Merril Lynch, Global Private Wealth Management, Beverly Hills, Los Angeles. Pada tahun 2007 – 2008, menjabat Business Analyst A.T. Kearney 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.
32 tahun/ yearsold
Perempuan / Female
Karel Patipeilohy
Komisaris / Commissioner
- Pada tahun 1979 -1998 menjabat sebagai Operation Manager PT Schlumberger geophisic Nusantara dan PT Ometraco Realty. Tahun 1998 – 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) and from 2000 up to present as Commissioner at PT Sinar Harapan Persada.
59 tahun/ yearsold
Laki - Laki / Male
185
PENERAPAN ATAS PEDOMAN TATA KELOLA
PERUSAHAAN TERBUKA
Perseroan senantiasa tunduk dan patuh
terhadap ketentuan dan peraturan yang
berlaku. Sebagai perusahaan publik, Perseroan
juga menerapkan pedoman tata kelola
perusahaan terbukan yang diterbitkan oleh
Otoritas Jasa Keuangan (OJK).
Beberapa rekomendasi penerapan pedoman
tata kelola perusahaan terbuka yang telah
diimplementasikan oleh Perseroan sebagai
berikut:
A. Hubungan Perusahaan Terbuka Dengan
Pemegang Saham Dalam Menjamin Hak-
Hak Pemegang Saham
PRINSIP 1
Meningkatkan Nilai Penyelenggaraan Rapat
Umum Pemegang Saham
IMPLEMENTATION OF CORPORATE
GOVERNANCE FOR PUBLIC COMPANIES
The Company always adheres to the prevailing
provisions and regulations. As a public
company, the Company also implements
corporate governance guidelines for public
companies issued by the Financial Services
Authority (OJK).
Several recommendations in guidelines of
corporate governance for public companies
implemented by the Company are as follows:
A. Relationship of Public Company with
Shareholders in Ensuring Shareholders’
Rights
PRINCIPLE 1
Improving the Convention Value of General
Meeting of Shareholders
No Rekomendasi / Recommendation Keterangan / Description
1 Perusahaan Terbuka memiliki cara atau prosedur teknis pengumpulan suara (voting) baik secara terbuka maupun tertutup yang mengedepankan independensi, dan kepentingan pemegang saham. / Public Companies have a technical method or procedure for voting, either openly or in a closed manner, that prioritizes independency and shareholders’ interest.
Sudah memenuhi. / Comply.
Tata cara pengumpulan suara (voting) diatur dalam tata tertib Rapat Umum Pemegang Saham. / Procedures for voting are contained in General Meeting of Shareholders’ rules.
2 Seluruh anggota Direksi dan anggota Dewan Komisaris Perusahaan Terbuka hadir dalam Rapat Umum Pemegang Saham Tahunan. / All members of the Board of Directors and Board of Commissioners attend the Annual General Meeting of Shareholders.
Belum memenuhi. / Not comply.
Beberapa anggota Direksi dan Dewan Komisaris sedang dalam perjalanan bisnis pada saat Rapat Umum Pemegang Saham 2016. Hal-hal terkait Rapat Umum Pemegang Saham telah disampaikan kepada anggota Direksi dan Dewan Komisaris yang tidak menghadiri Rapat Umum Pemegang Saham. / Several members of Board of Directors and Board of Commissioners were on business trips at the time the 2016 General Meeting of Shareholders was convened. Matters related to the General Meeting of Shareholders have been conveyed to the absent members of Board of Directors and Board of Commissioners.
3 Ringkasan risalah Rapat Umum Pemegang Saham tersedia dalam Situs Web Perusahaan Terbuka paling sedikit selama 1 (satu) tahun. / Summary of GMS is available on the Company’s official website at least for 1 (one) year.
Sudah memenuhi. / Comply.
Risalah Rapat Umum Pemegang Saham telah tersedia dalam situs web Perseroan. / Minutes of General Meeting of Shareholders are available on the Company’s website.
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PRINSIP 2
Meningkatkan Kualitas Komunikasi Perusahaan
Terbuka dengan Pemegang Saham atau
Investor.
B. Fungsi dan Peran Dewan Komisaris
PRINSIP 3
Meningkatkan Kualitas Komunikasi Perusahaan
Terbuka dengan Pemegang Saham atau
Investor.
PRINCIPLE 2
Improving the Communication Quality of
Public Companies with Shareholders or
Investors.
B. Functions and Roles of Board of
Commissioners
PRINCIPLE 3
Improving the Communication Quality of
Public Companies with Shareholders or
Investors.
No Rekomendasi / Recommendation Keterangan / Description
1 Perusahaan Terbuka memiliki suatu kebijakan komunikasi dengan Pemegang Saham atau Investor. / Public Company has a policy on communication with Shareholders or Investors.
Sudah memenuhi. / Comply.
Kebijakan komunikasi dengan Pemegang Saham atau Investor termasuk dalam kode etik Perseroan. / Policy on communication with Shareholders or Investors is stipulated in the Company’s Code of Conduct.
2 Perusahaan Terbuka mengungkapkan kebijakan komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor dalam situs web. / Public Company discloses policy on communication with Shareholders or Investors on a website.
Sudah memenuhi. / Comply.
Kebijakan tersebut dapat dilihat pada web Perseroan. / The policy can be read on the Company’s website.
No Rekomendasi / Recommendation Keterangan / Description
1 Penentuan jumlah anggota Dewan Komisaris mempertimbangkan kondisi Perusahaan Terbuka. / Determination of members of the Board of Commissioners considers Public Company’s condition.
Sudah memenuhi. / Comply.
Saat ini Dewan Komisaris perusahaan beranggotakan 4 orang. Jumlah ini telah disesuaikan dengan karakteristik, 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 Komisaris memperhatikan keberagaman keahlian, pengetahuan dan pengalaman yang dibutuhkan. / Determination of composition of members of the Board of Commissioners considers the diversity of the required expertise, knowledge, and experience.
Sudah memenuhi. / Comply.
Anggota Dewan Komisaris mempunyai beragam keahlian, pengetahuan dan pengalaman yang dibutuhkan Perseroan. / Members of Board of Commissioners have various expertise, knowledge and experience required by the Company.
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PRINSIP 4
Meningkatkan Kualitas Pelaksanaan Tugas dan
Tanggung Jawab Dewan Komisaris.
PRINCIPLE 4
Improving the Quality of Duties and
Responsibilities of Board of Commissioners.
No Rekomendasi / Recommendation Keterangan / Description
1 Dewan Komisaris mempunyai kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Dewan Komisaris. / The Board of Commissioners has self-assessment to assess the performance of the Board of Commissioners.
Sudah memenuhi. / Comply.
Hal ini tertuang dalam piagam Dewan Komisaris. / Has been stipulated in the Board of Commissioners’ Charter.
2 Kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Dewan Komisaris, diungkapkan melalui Laporan Tahunan Perusahaan Terbuka. / Policy on self assessment to assess the performance of the Board of Commissioners is disclosed in Annual Report.
Sudah memenuhi. / Comply.
Perseroan menegaskan kebijakan ini dalam laporan tahunan perseroan. / The policy is affirmed in the Company’s annual report.
3 Dewan Komisaris mempunyai kebijakan terkait pengunduran diri anggota Dewan Komisaris apabila terlibat dalam kejahatan keuangan. / The Board of Commissioners has policy on resignation of member of the Board of Commissioners if he is involved in financial crime.
Sudah memenuhi. / Comply.
Piagam Komisaris telah menyatakan bahwa anggota Dewan Komisaris wajib berkomitmen untuk mematuhi peraturan perundang-undangan yang berlaku.Pemberhentian anggota Dewan Komisaris diatur dalam 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.
4 Dewan Komisaris atau komite yang menjalankan fungsi nominasi dan remunerasi menyusun kebijakan suksesi dalam proses nominasi anggota Direksi. / The Board of Commissioners or Committee running the Nomination and Remuneration functions shall prepare policy of succession in Nomination process of the Board of Directors./ The Board of Commissioners or Committee running the Nomination and Remuneration functions shall prepare policy of succession in Nomination process of the Board of Directors.
Sudah memenuhi. / Comply.
Piagam Komisaris telah menyatakan bahwa Dewan Komisaris bertanggung jawab membuat rekomendasi dalam kaitan dengan pencalonan dan pengupahan Direksi dan Dewan Komisaris. / The Board of Commissioners’ Charter states that the Board of Commissioners is responsible for making recommendations in relation to the nomination and remuneration of the Board of Directors and Board of Commissioners.
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C. Fungsi dan Peran Direksi
PRINSIP 5
Memperkuat Keanggotaan dan Komposisi
Direksi.
C. Functions and Roles of Board of
Directors
PRINCIPLE 5
Strengthening Membership and Composition
of Board of Directors
No Rekomendasi / Recommendation Keterangan / Description
1 Penentuan jumlah anggota Direksi mempertimbangkan kondisi Perusahaan Terbuka serta efektifitas efektivitas dalam pengambilan keputusan. / Determination of members of the Board of Directors considers the Company’s condition and effectiveness in making decisions.
Sudah memenuhi. / Comply.
Hal ini tertuang dalam piagam Dewan Komisaris. / Has been stipulated in the Board of Commissioners’ Charter.
2 Penentuan komposisi anggota Direksi memperhatikan, keberagaman keahlian, pengetahuan, dan pengalaman yang dibutuhkan. / Determination of composition of the Board of Directors considers the diversity of the required expertise, knowledge, and experience.
Sudah memenuhi. / Comply.
Perseroan menegaskan kebijakan ini dalam laporan tahunan perseroan. / The policy is affirmed in the Company’s annual report.
3 Anggota Direksi yang membawahi bidang akuntansi atau keuangan memiliki keahlian dan/atau pengetahuan di bidang akuntansi. / Members of the Board of Directors who are in charge of accounting or finance have expertise and/or knowledge in accounting field.
Sudah memenuhi. / Comply.
Piagam Komisaris telah menyatakan bahwa anggota Dewan Komisaris wajib berkomitmen untuk mematuhi peraturan perundang-undangan yang berlaku. Pemberhentian anggota Dewan Komisaris diatur dalam 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.
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PRINSIP 6
Meningkatkan Kualitas Pelaksanaan Tugas dan
Tanggung Jawab Direksi.
PRINCIPLE 6
Improving the Quality of Duties and
Responsibilities of Board of Directors.
D. Partisipasi Pemangku Kepentingan
PRINSIP 7
Meningkatkan Aspek Tata Kelola Perusahaan
melalui Partisipasi Pemangku Kepentingan.
D. Participation of Stakeholders
PRINCIPLE 7
Improving Corporate Governance Aspect
through Stakeholders’ Participation
No Rekomendasi / Recommendation Keterangan / Description
1 Direksi mempunyai kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Direksi. / The Board of Directors has self-assessment to assess the performance of the Board of Directors.
Sudah memenuhi. / Comply.
Hal ini tertuang dalam piagam Direksi./ Has been stipulated in the Board of Directors’ Charter.
2 Kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Direksi diungkapkan melalui laporan Tahunan Perusahaan Terbuka. / Policy on self assessment to assess the performance of the Board of Directors is disclosed in annual report of the Company.
Sudah memenuhi. / Comply.
Perseroan menegaskan kebijakan ini dalam laporan tahunan perseroan. / The policy is affirmed in the Company’s annual report
3 Direksi mempunyai kebijakan terkait pengunduran diri anggota Direksi apabila terlibat dalam kejahatan keuangan. / The Board of Directors has policy on resignation of members of the Board of Directors if he/she is involved in financial crime.
Sudah memenuhi. / Comply.
Piagam Direksi telah menyatakan bahwa anggota Direksi wajib berkomitmen untuk mematuhi peraturan perundang-undangan yang berlaku. Pemberhentian anggota Direksi diatur dalam piagam Direksi dan 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.
No Rekomendasi / Recommendation Keterangan / Description
1 Perusahaan Terbuka memiliki kebijakan untuk mencegah terjadinya insider trading. / Public Company has policy to prevent insider trading.
Sudah memenuhi. / Comply.
Kebijakan ini merupakan bagian dari kode etik perusahaan. / The policy is a part of the Company’s code of conduct.
2 Perusahaan Terbuka memiliki kebijakan anti korupsi dan anti fraud. / Public Company has anti-corruption and anti-fraud policies.
Sudah memenuhi. / Comply.
Kebijakan ini merupakan bagian dari kode etik perusahaan. / The policy is a part of the Company’s code of conduct.
190
3 Perusahaan Terbuka memiliki kebijakan tentang seleksi dan peningkatan kemampuan pemasok atau vendor. / Public Company has policy on selection and improvement of capability of suppliers or vendors.
Sudah memenuhi. / Comply.
Kebijakan ini merupakan bagian dari kode etik perusahaan. / The policy is a part of the Company’s code of conduct.
4 Perusahaan Terbuka memiliki kebijakan tentang pemenuhan hak-hak kreditur. / Public Company has policy on fulfillment of rights of creditors.
Sudah memenuhi. / Comply.
Kebijakan ini merupakan bagian dari kode etik perusahaan. / The policy is a part of the Company’s code of conduct.
5 Perusahaan Terbuka memiliki kebijakan system whistleblowing. / Public Company has whistleblowing system and policy.
Sudah memenuhi. / Comply.
Perusahaan telah mempunyai kebijakan system whistleblowing. / The Company has established a whistleblowing system and policy
6 Perusahaan Terbuka memiliki kebijakan pemberian insentif jangka panjang kepada Direksi dan Karyawan. / Public Company has policy on long-term incentive provision to the Board of Directors and employees.
Sudah memenuhi. / Comply.
Kebijakan ini sudah termasuk dalam kebijakan internal Perusahaan. / The policy is a part of the Company’s internal policy.
E. Keterbukaan Informasi
PRINSIP 8
Meningkatkan Pelaksanaan Keterbukaan
Informasi.
E. Information Disclosure
PRINCIPLE 8
Improving the Implementation of Information
Disclosure.
No Rekomendasi / Recommendation Keterangan / Description
1 Perusahaan Terbuka memanfaatkan penggunaan teknologi informasi secara lebih luas selain Situs Web sebagai media keterbukaan informasi. / Public Company utilizes information technology in a broader way in addition to Website as media for information disclosure.
Sudah memenuhi. / Comply.
Perusahaan telah menggunakan teknologi informasi sebagai media keterbukaan informasi, seperti surat kabar, web, dan lain-lain. / The Company uses information technology as information disclosure media, such as newspaper, website and so on.
2 Laporan Tahunan Perusahaan Terbuka mengungkapkan pemilik manfaat akhir dalam kepemilikan saham Perusahaan Terbuka paling sedikit 5% (lima persen), selain pengungkapan pemiIik manfaat akhir dalam kepemilikan saham Perusahaan Terbuka melalui pemegang saham utama dan pengendali. / The Annual Report of Public Company discloses the ultimate beneficiary owner in share ownership in 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
Belum memenuhi. / Not comply.
Perusahaan telah mengungkapkan pemegang saham dengan kepemilikan diatas 5% sesuai dengan peraturan yang berlaku. Namun, perusahaan tidak mempunyai data manfaat akhir dari setiap pemegang saham tersebut. / The Company has disclosed the shareholder with ownership of more than 5% in accordance with the prevailing regulations. However, the Company has no data on ultimate beneficiary owner of each shareholder.
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HALAMAN INI SENGAJA DIKOSONGKAN
THIS PAGE IS INTENTIONALLY LEFT BLANK
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193
Tanggung Jawab Sosial Perusahaan
Corporate SocialResponsibility
194
Kebijakan dan Dasar Penerapan Program Tanggung Jawab Sosial PerusahaanPolicies and Basis of Implementationof Corporate Social Responsibility
Secara garis besar, kebijakan dan dasar
penerapan program dan kegiatan tanggung
jawab sosial perusahaan (Corporate Social
Responsibility) yang diterapkan dalam
Perseroan merujuk pada peraturan dan
perundang-undangan yang berlaku. Perseroan
meyakini bahwa kesinambungan usaha yang
diperoleh melalui pencapaian target-target
finansial harus disertai dengan kontribusi
terhadap pelaksanaan program Corporate
Social Responsibility di komunitas yang berada
di sekitar wilaya usaha Perseroan.
Komitmen dalam menyejahterakan kehidupan
masyarakat, memberikan edukasi kepada
generasi muda dan masyarakat pada umumnya
menjadi sasaran bagi Perseroan, pelaksanaan
tanggung jawab sosial merupakan investasi
sosial yang akan memperdalam hubungan
timbal balik dengan masyarakat sehingga
pada akhirnya dapat memberikan dampak
peningkatan kinerja dan branding Perseroan.
Bidang Lingkungan Hidup
Tanggung jawab sosial perusahaan dalam
bidang lingkungan hidup dan pelestarian
alam menjadi komitmen yang selalu
dijaga oleh Perseroan. Komitmen tersebut
diimplementasikan melalui kebijakan untuk
menjaga lingkungan dimulai dari lingkungan
Perseroan sendiri. Hal ini dilakukan secara
berkala, dengan harapan dapat membawa
In broad outline, the general Corporate
Social Responsibility policies applied in the
Company refer to the prevailing laws and
regulation in the country. The Company
believes that business sustainability attained
through the achievements of financial targets
must be complemented by the contribution
to Corporate Social Responsibility activities
conducted to the community living nearby the
Company’s business area.
Commitment in prospering community
life, providing education to the younger
generation and the public in general are
targets for the Company. Implementation
of social responsibility is a social investment
that will deepen mutual relationship with the
community so it ultimately can impact the
Company’s performance improvement and
branding.
Environment
Corporate social responsibility in the field
of environment and nature conservation
becomes a commitment that is always
maintained by the Company. The commitment
is implemented through policies to protect
the environment starting from the Company
itself. This is done periodically in the hope of
bringing change to the larger environment.
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perubahan ke lingkungan yang lebih besar.
Hingga saat ini, pegawai dianjurkan untuk
meminalisasi penggunaan kertas dan
energi listrik sebagai bentuk kepedulian
terhadap kelestarian bumi. Sebuah langkah
kecil yang dilakukan ini diharapkan dapat
mendorong kesadaran karyawan terhadap
kelestarian lingkungan dan kemudian mampu
memberikan dampak lebih luas.
Bidang Ketenagakerjaan, Kesehatan, dan
Keselamatan Kerja
Fokus utama Perseroan dalam bidang
Ketenagakerjaan, Kesehatan, dan Keselamatan
diarahkan untuk membentuk lingkungan
kerja yang mampu mendukung pencapaian
target optimal. Kondisi kerja yang baik ini
diwujudkan diantaranya dengan memberikan
jaminan kesehatan dan keselamatan para
pegawai saat bekerja. Di sisi lain, Perseoran
juga memperhatikan tingkat turn over
karyawan serta perekrutan tenaga kerja lokal
di setiap unit usaha. Area kerja operasional
Perseroan yang pada umumnya dilakukan di
sekitar masyarakat tidak mengurangi upaya
maksimum Perseroan dalam memberikan
jaminan kesehatan dan keselamatan kerja
sekaligus tetap memperhatikan kondisi area
masyarakat sekitar.
Until now, employees are encouraged to
minimize the use of paper and electricity as
a concern for the preservation of the earth.
This small step is expected to encourage the
awareness of employees to environmental
sustainability and is then able to provide a
wider impact.
Manpower and Occupational Health and
Safety
The Company’s main focus in the areas of
Manpower, Health, and Occupational Safety
is directed to establish a work environment
that is capable of supporting the optimal
achievement of target. This good working
condition is realized, including by ensuring
the health and safety of employees at work.
The Company’s operational work area that
is generally done around the community
does not reduce the maximum effort of the
Company to provide a guarantee of health
and safety while at the same time taking into
account the condition of the communities in
the surrounding area.
196
Bidang Pengembangan Sosial dan
Kemasyarakatan
Sebuah komitmen Perseroan dalam
menjalankan program Corporate Social
Responsibility yang berfokus dalam bidang
sosial sebagai bentuk respon terhadap
kebutuhan masyarakat sekitar yang
benarbenar membutuhkan. Program ini
meliputi pemberian dana bantuan dan
kegiatan lain sebagai bentuk kegiatan sosial
yang dilakukan oleh masyarakat.
Tanggung Jawab Barang/Jasa
Dalam memenuhi tanggung jawab terhadap
konsumen, Perseroan menempatkan
konsumen sejajar sebagai mitra usaha
Perseroan, oleh karena itu Perseroan
berkomitmen untuk melakukan komunikasi
yang aktif dan responsif. Aktif memberikan
informasi yang jelas kepada calon konsumen
maupun responsif dalam memberikan layanan
keluhan pelanggan yang disampaikan kepada
Perseroan.
Social and Community Development
A commitment of the Company in
implementing Corporate Social Responsibility
programs focusing in the social field as a form
of response to the needs of local communities
that are really in need. This program includes
grants and other activities as a form of social
activities undertaken by the community.
Responsibility of Products/Services
In fulfilling its responsibility to consumers,
the company puts the consumer in parallel as
business partners of the Company; therefore
the Company is committed to conducting
an active and responsive communication.
Actively providing clear information to
prospective customers and responsive in
providing services for customer complaints
submitted to the Company.
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Program dan Kegiatan Tanggung Jawab Sosial PerusahaanCorporate Social Responsibility Programs And Activities
PROGRAM DAN KEGIATAN
Informasi mengenai program dan kegiatan
Corporate Social Responsibility Perseroan
sepanjang tahun 2016 adalah sebagai berikut:
PROGRAMS AND ACTIVITIES
Information on the programs and activities for
the Company’s Coporate Social Responsibility
conducted throughout 2016 is as follows:
Tanggal / Date Jenis Program dan Kegiatan / Type of Program and Activity Tujuan / Purpose
HARRIS Suites fx Sudirman – Jakarta
September 2016
Penyerahan Hewan Qurban - Iedul Adha Donation of Sacrificial Animals – Eid-al Adha
Untuk mempererat hubungan antar manusiaTo strengthen the relationship with one another
Oktober 2016October 2016
Jakarta Clean Up Day
Mengajak seluruh karyawan untuk mendukung kegiatan Jakarta Cleaning Day.
Invites all employee to support the Jakarta Cleaning Day
HARRIS Hotel Tebet – Jakarta
Juni 2016June 2016
Buka Puasa BersamaMass Break Fasting
Donasi untuk Anak YatimDonation for Orphans
Juli 2016July 2016
Bagi-bagi TakjilProvision of Ta’jil
Pemberian takjil di Masjid sekitar hotelProvision of ta’jil to the Mosques nearby the hotel area
September 2016Kambing Hewan Kurban / Sacrificial Animals (goats)
Pemberian kambing hewan kurban di hari Idul Adha / Donation of sacrificial animals (goats) to celebrate Eid-al Adha
Oktober 2016October 2016
Jakarta Clean Up Day
Mengajak seluruh karyawan untuk mendukung kegiatan Jakarta Cleaning Day.
Invites all employee to support the Jakarta Cleaning Day
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POP! Hotel Sangaji – Yogyakarta
Januari 2016January 2016
Tauzia Equale Chance (TEC)Memberikan kesempatan anak jalan untuk bersekolah / Providing opportunities for street kids to have formal education
Hotel Charity EventBerbagi kepada anak panti melalui hidangan hotel / Sharing with orphans through hotel’s banquet
Sumbangan & Pelatihan / Donation & Training
Keluarga panti mengetahui kegiatan karyawan hotel sehari hari / Orphans got to know the dailiy activities of hotel employees
Sumbangan Linen Hotel / Donation of Hotel’s Linens
Berpartisipasi Membantu Keluarga Sumba & Kupang / Participating in the Aid for families in Sumba & Kupang
beachwalk Shopping Center – Bali
April 2016 Donor Darah / Blood Donation
Membantu PMI dalam memenuhi kebutuhan kantong darah sehingga dapat membantu yang membutuhkan / Supporting the Indonesian Red Cross (PMI) to fill the quota for blood bags in order to help those in need of blood transfusion
Juni 2016 / June 2016
Buka Bersama Anak Yatim / Break Fasting with Orphans
Mengundang anak yatim dan memberikan santunan serta bantuan yang dibutuhkan / Inviting orphans and giving donations as well as other forms of aid
Desember 2016 / December 2016
Berbagi kasih beachwalk 4th Anniversary / Sharing on beachwalk’s 4th Anniversary
Mengajak anak-anak yatim dalam acara HUT beachwalk yang ke 4 / Inviting orphans to celebrating the 4th Anniversary of beachwalk
HARRIS Hotel Batam Center - Batam
April 2016Equal Chance Commitment with Indonesian Street Children Organization (ISCO)
Kegiatan Equal Chance adalah kegiatan sosial yang di sponsori oleh TAUZIA Hotel Management dimana program tersebut berkomitmen untuk memberikan bantuan pendidikan bagi 54 siswa/i kurang mampu di bawah asuhan Indonesian Street Children Organization (ISCO). / Equal Chance Activity is a social activity sponsored by TAUZIA Hotel Management. The program is a commitment to providing education aid for 54 underprivileged students under the patronage of Indonesian Street Children Organization (ISCO).
Juli 2016 / July 2016
Equal Chance Commitment (Apr-Jun 2016)
Kegiatan Equal Chance adalah kegiatan sosial yang di sponsori oleh TAUZIA Hotel Management dimana program tersebut berkomitmen untuk memberikan bantuan pendidikan bagi 54 siswa/i kurang mampu di bawah asuhan Indonesian Street Children Organization (ISCO). / Equal Chance Activity is a social activity sponsored by TAUZIA Hotel Management. The program is a commitment to providing education aid for 54 underprivileged students under the patronage of Indonesian Street Children Organization (ISCO).
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Desember 2016 December 2016
Equal Chance Commitment (Aug-Dec 2016)
Kegiatan Equal Chance adalah kegiatan sosial yang di sponsori oleh TAUZIA Hotel Management dimana program tersebut berkomitmen untuk memberikan bantuan pendidikan bagi 54 siswa/i kurang mampu di bawah asuhan Indonesian Street Children Organization (ISCO). / Equal Chance Activity is a social activity sponsored by TAUZIA Hotel Management. The program is a commitment to providing education aid for 54 underprivileged students under the patronage of Indonesian Street Children Organization (ISCO).
Juni 2016June 2016
Buka puasa bersama dan pemberian donasi pendidikan /Mass break fasting and donation for education
Perayaan Idul Fitri dengan mendukung pendidikan anak yatim piatu / Ied Fitr celebration by supporting education for Orphans
Oktober 2016 October 2016
Pihak manajemen mengunjungi dan memberi bantuan kepada 2 karyawan HARRIS Hotel Batam Center yang anaknya sedang sakit, yaitu anak dari Pak Wawan Anwar yang menderita jantung bocor dan anak dari Pak Didik Afrianto yang lahir prematur / The management visited and provided donation for 2 employees of HARRIS Hotel Batam Center whose children who were ailing, namely Mr. Wawan Anwar whose child suffered from heart valve leakage, and Mr. Didik Afrianto whose child was born prematurely
Dalam rangka ulang tahun HARRIS Hotel Batam Center yang ke 5 / Conducted as a part of the 5th anniversary of HARRIS Hotel Batam Center
Desember 2016December 2016
Perayaan Natal bersama anak yatim piatu / Christmas Celebration with Orphans
Berbagi kasih Natal dengan anak panti asuhanSharing the joy of Christmas with orphans
HARRIS Resort Kuta Beach
Bulanan / MonthlyMengirimkan peserta untuk donor darah. / Participated in blood donation activity
Donor Darah / Blood Donation
April 2016, Juni 2016, November 2016, Desember 2016 / April 2016, June 2016, November 2016, December 2016
Kunjungan dan donasi anak yatim / Visitied and gave donations to the orphans
Berbagi kain linen untuk anak panti asuhan /Share linen for the orphans
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Oktober 2016 / October 2016
Bekerja dengan jaringan D dalam membantu penyandang disabilitas untuk mendapatkan pekerjaan / Worked in D network to assist people with disabilities to get jobs
Memberikan semangat kekeluargaan dalam membantu sesama / Strengthening family spirit in helping each other
Desember 2016 / December 2016
Bekerjasama dengan PA Salam (Yayasan Yatim Piatu) dalam memberikan kesempatan kreativitas anak yatim dalam dansa di malam Natal / Cooperated with Salam Orphanage (Yayasan Yatim Piatu) in providing a space for the orphans to show their creativity in holding a Christmas Eve Ball
Memberikan semangat kekeluargaan dan kreativitas bagi anak yatim / Strengthening family spirit and enhancing creativity of orphans
Mingguan / Weekly
Bekerjasama dengan Sanggar Tari Tanjung setiap sabtu malam / Cooperated with Tanjung Dance Studio on every Saturday’s night
Memberikan semangat kekeluargaan dan kreativitas bagi masyarakat lokal / Strengthening family spirit and enhancing creativity of the locals
Sheraton Bali Kuta Resort
Januari 2016 / January 2016
Soap for Hope support Memberikan dukungan / Giving donations
Januari 16 /January 2016
BazzarAnyar Kuta Dukungan kesejahteraan / Donations for welfare
Februari 2016 / February 2016
Renovasi Rumah (Run To Give Cluster) di desa Tianyar / House Renovation (Run To Give Cluster) in Tianyar Village
Dukungan kesejahteraan / Donations for welfare
Februari 2016, Juni 2016 / February 2016, June 2016
Community Beach Clean UpDukungan dan kontibusi terhadap lingkungan / Support and contributions to the environment
Februari 2016 Tri Hita Karana Clean Up ActivityDukungan dan kontibusi terhadap lingkungan / Support and contributions to the environment
Juni 2016 / June 2016
Buka Puasa bersama dengan Orphan House / Mass Break Fasting with Orphan House
Memberikan semangat kekeluargaan dan kepedulian / Strengthening family and caring spirit
Agustus 2016 / August 2016
Bazar Amal Pembangunan Banjar Tegal / Voluntary Bazaar for the Development of Banjar Tegal
Memberikan semangat kekeluargaan dan kepedulian / Strengthening family and caring spirit
September 2016International Coastal Clean Up oleh BHA / International Coastal Clean Up by BHA
Dukungan dan kontribusi terhadap lingkungan / Support and contributions to the environment
September 2016
Corporate Social Responsibility Program (Renovasi rumah - keluarga tidak mampu di Tianyar Karangasem) / Corporate Social Responsibility Program (house renovation for underprivileged families in Tianyar Karangasem)
Dukungan kesejahteraan / Donations for welfare
Oktober 2016 / October 2016
Run To Give Charity EventMemberikan semangat kekeluargaan dan kepedulian / Strengthening family and caring spirit
201
November 2016 UNICEF : beach body combatDukungan dan kontibusi terhadap lingkungan / Support and contributions to the environment
November 2016Mengunjungi YPAC Bali / Visited YPAC Bali
Memberikan semangat kekeluargaan dan kepedulian / Strengthening family and caring spirit
HARRIS Resort Waterfront - Batam
Juni 2016 / June 2016
Program Charity "Akar Island"
Program yang memberikan kesenangan dan edukasi bagi anak-anak / A program that provided joy as well as education to the children
Juni 2016 / June 2016
HARRIS Players & Family & Orphanage Breakfasting
Menjalin hubungan antara HARRIS Hotel dengan keluarga karyawan dan anak yatim / Fostering the relationship between HARRIS Hotel with employees’ family and the orphans
Juni 2016 / June 2016
Mengundang anak yatim untuk buka puasa bersama / Invited orphans to have mass break fasting
Menghimpun dana pendidikan bagi anak yatim / Collecting education funds for the orphans
September 16Idul Adha 2016 / Eid-al Adha 2016
Berbagi kebahagiaan dan kepedulian / Sharing happiness and care for each other
Januari 2016, Mei, Juni, Juli, Agustus, September, Oktober, November 2016 / January 2016, May, June, July, August, September, October, November 2016
TAUZIA Equal ChanceMemberikan bantuan pendidikan bagi pelajar kurang mampu. / Providing education aid for underprivileged students.
April, Juni 2016 / April, June 2016
Kunjungan ke Panti Asuhan / Orphanages Visit
Corporate Social Responsibility
202
HALAMAN INI SENGAJA DIKOSONGKAN
THIS PAGE IS INTENTIONALLY LEFT BLANK
203
SURAT PERNYATAAN ANGGOTA DIREKSI DAN ANGGOTA DEWAN KOMISARIS TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2016
PT INDONESIAN PARADISE PROPERTY TbkSTATEMENT OF MEMBERS OF BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
ON THE RESPONSIBILITy FOR THE 2016 ANNUAL REPORT OF PT INDONESIAN PARADISE PROPERTy Tbk
Kami yang bertanda tangan di bawah ini
menyatakan bahwa semua informasi dalam
Laporan Tahunan PT Indonesian Paradise
Property Tbk tahun 2016 telah dimuat secara
lengkap dan bertanggung jawab penuh atas
kebenaran isi Laporan Tahunan dan Laporan
Keuangan Perusahaan. Demikian pernyataan
ini dibuat dengan sebenarnya.
We, the undersigned, testify that all information
in the Annual Report of PT Indonesian
Paradise Property Tbk for 2016 is presented
in its entirety and we are fully responsible
for the correctness of the contents in the
Annual Report and Financial Report of the
Company. This statement is hereby made in all
truthfulness.
13 April 2017
DireksiBoard of Directors
Dewan KomisarisBoard of Commissioners
204
HALAMAN INI SENGAJA DIKOSONGKAN
THIS PAGE IS INTENTIONALLY LEFT BLANK
205
LAPORAN KEUANGAN KONSOLIDASIAN DAN LAPORAN AUDITOR INDEPENDEN TERMASUK
DI DALAMNYA SURAT PERNYATAAN DIREKSI TENTANG TANGGUNG JAWAB ATAS
LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2016
CONSOLIDATED FINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS REPORT INCLUDING THE
STATEMENT OF BOARD OF DIRECTORS ON THE
RESPONSIBILITy FOR THE CONSOLIDATED FINANCIAL
STATEMENTS AS OF 31 DECEMBER 2016
PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA/ AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN/
CONSOLIDATED FINANCIAL STATEMENTS
TAHUN YANG BERAKHIR 31 DESEMBER 2016/ THE YEAR ENDED 31 DECEMBER 2016
DAN/ AND
LAPORAN AUDITOR INDEPENDEN/
INDEPENDENT AUDITORS’ REPORT
PT INDONESIAN PARADISE PROPERTY Tbk DAN ENTITAS ANAKNYA
LAPORAN KEUANGAN KONSOLIDASIAN TAHUN YANG BERAKHIR 31 DESEMBER 2016
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
DAFTAR ISI CONTENTS
Pernyataan Direksi Laporan Auditor Independen Laporan Posisi Keuangan Konsolidasian Laporan Laba Rugi dan Penghasilan Komprehensif Lain
Konsolidasian Laporan Perubahan Ekuitas Konsolidasian Laporan Arus Kas Konsolidasian Catatan atas Laporan Keuangan Konsolidasian
Ekshibit/ Exhibit
A B
C
D E
Directors’ Statement
Independent Auditors’ Report
Consolidated Statement of Financial Position
Consolidated Statement of Profit or Lossand Other Comprehensive Income
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to Consolidated Financial Statements
These consolidated financial statements are originally issued in Indonesian language
Ekshibit A Exhibit A
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA LAPORAN POSISI KEUANGAN KONSOLIDASIAN
PER 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
31 Desember 2016/ Catatan/ 31 Desember 2015/31 December 2016 Notes 31 December 2015
A S E T ASSETS
ASET LANCAR CURRENT ASSETSKas dan setara kas 247.903.815.289 5 287.484.925.085 Cash and cash equivalentsAset keuangan lancar lainnya 4.229.728.832 6 18.522.728.832 Other current financial assetsPiutang usaha - Pihak ketiga - setelah Trade receivables - Third parties -
dikurangi cadangan kerugian penurunan net of allowance for impairmentnilai sebesar Rp 2.189.373.954 of Rp 2,189,373,954 astanggal 31 Desember 2016 of 31 December 2016 anddan Rp 2.177.288.113 Rp 2,177,288,113 as oftanggal 31 Desember 2015 22.946.479.940 7 49.772.036.110 31 December 2015
Piutang non-usaha Non-trade receivablesPihak berelasi 559.061.598 34 509.517.857 Related partiesPihak ketiga 25.858.875.525 17.750.249.146 Third parties
Persediaan 4.460.382.213 8 4.393.702.166 InventoriesPajak dibayar di muka 34.655.024.716 18a 26.821.100.545 Prepaid taxesBeban dibayar di muka
dan uang muka 12.473.747.007 37.621.181.245 Prepaid expenses and advances
Jumlah Aset Lancar 353.087.115.120 442.875.440.986 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETSInvestasi saham 2.555.967.907.136 9 2.392.243.695.124 Investments in shares of stocksAset pajak tangguhan 24.432.941.672 18d 14.567.908.150 Deferred tax assetsAset tetap - setelah dikurangi Property and equipment - net of
akumulasi penyusutan sebesar accumulated depreciationRp 418.414.206.202 pada of Rp 418,414,206,202 astanggal 31 Desember 2016, of 31 December 2016 anddan Rp 326.876.915.768 pada Rp 326,876,915,768 as oftanggal 31 Desember 2015 1.490.722.373.782 10 1.870.640.651.661 31 December 2015
Properti investasi - setelah dikurangi Investment properties - net ofakumulasi penyusutan sebesar accumulated depreciationRp 120.755.482.878 pada of Rp 120,755,482,878 astanggal 31 Desember 2016 dan of 31 December 2016 andRp 106.754.753.692 pada Rp 106,754,753,692 as oftanggal 31 Desember 2015 649.729.617.911 11 121.263.478.529 31 December 2015
Hak sewa jangka panjang 62.187.207.136 12 38.326.411.995 Long-term leaseGoodwill - 13 6.237.781 GoodwillAset tidak lancar lainnya 19.626.234.226 14 21.138.705.432 Other non-current assets
Jumlah Aset Tidak Lancar 4.802.666.281.863 4.458.187.088.672 Total Non-Current Assets
JUMLAH ASET 5.155.753.396.983 4.901.062.529.658 TOTAL ASSETS
Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan
dari Laporan Keuangan Konsolidasian secara keseluruhan
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are integral part
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
DAN ENTITAS ANAKNYA LAPORAN POSISI KEUANGAN KONSOLIDASIAN
PER 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
31 Desember 2016/ Catatan/ 31 Desember 2015/
31 December 2016 Notes 31 December 2015
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Pinjaman bank jangka pendek - 15 13.654.431.404 Short-term bank loans
Utang usaha Trade payables
Pihak ketiga 14.562.796.234 16 17.402.034.135 Third parties
Pihak berelasi 1.355.721.851 34 2.189.134.214 Related party
Utang non-usaha Non-trade payables
Pihak berelasi 28.952.911 34 17.823.876 Related parties
Pihak ketiga 34.809.290.915 17 139.301.396.820 Third parties
Utang pajak 9.004.651.106 18b 9.606.601.120 Taxes payables
Beban akrual 30.122.966.917 19 23.433.671.543 Accruals
Liabilitas jangka panjang yang jatuh Current maturities of
tempo dalam satu tahun long-term liabilities
Utang bank 16.558.391.740 22 107.296.738.674 Bank loans
Utang sewa pembiayaan 190.205.420 21 284.550.769 Finance lease
Jumlah Liabilitas Jangka Pendek 106.632.977.094 313.186.382.555 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Pendapatan diterima di muka 134.183.980.607 20 123.958.672.153 Unearned income
Jaminan pelanggan 35.934.224.365 32.129.248.493 Deposits received
Liabilitas imbalan pasca-kerja 20.631.890.115 35 16.615.527.720 Post-employment benefits liabilities
Liabilitas pajak tangguhan - 18d 4.752.167.029 Deferred tax liabilities
Liabilitas jangka panjang - setelah
dikurangi bagian yang jatuh Long-term liabilities - net of
tempo dalam satu tahun current maturities
Utang bank 769.256.592.741 22 458.242.056.282 Bank loans
Utang sewa pembiayaan 167.482.253 21 156.741.600 Finance lease
Jumlah Liabilitas Jangka Panjang 960.174.170.081 635.854.413.277 Total Non-Current Liabilities
JUMLAH LIABILITAS 1.066.807.147.175 949.040.795.832 TOTAL LIABILITIES
EKUITAS EQUITY
Modal saham - nilai nominal Share capital - par value
Rp 100 per saham Rp 100 per share
Modal dasar - 40.000.000.000 saham Authorized - 40,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid capital -
penuh - 11.181.971.732 saham 1.118.197.173.200 23 1.118.197.173.200 11,181,971,732 shares
Tambahan modal disetor 1.965.683.784.934 24 1.968.378.073.268 Additional paid-in capital
Difference in value
Selisih nilai transaksi ekuitas dengan of equity transactions with
kepentingan nonpengendali 10.786.251.345)( 10.786.251.345)( non-controlling interests
Saldo laba 508.386.283.603 355.652.807.102 Retained earnings
Jumlah ekuitas yang dapat diatribusikan Total equity attributable to owners of
kepada pemilik entitas induk 3.581.480.990.392 3.431.441.802.225 the parent entity
Kepentingan nonpengendali 507.465.259.416 25 520.579.931.601 Non-controlling interests
JUMLAH EKUITAS 4.088.946.249.808 3.952.021.733.826 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 5.155.753.396.983 4.901.062.529.658 TOTAL LIABILITIES AND EQUITY
Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan
dari Laporan Keuangan Konsolidasian secara keseluruhan
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are integral part
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
DAN ENTITAS ANAKNYA LAPORAN LABA RUGI DAN PENGHASILAN
KOMPREHENSIF LAIN KONSOLIDASIAN TAHUN YANG BERAKHIR 31 DESEMBER 2016
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
THE YEAR ENDED 31 DECEMBER 2016 (Expressed in Rupiah, unless otherwise stated)
Catatan/
2 0 1 6 Notes 2 0 1 5
PENDAPATAN BERSIH 547.492.009.881 27 587.087.865.753 NET REVENUES
BEBAN POKOK PENDAPATAN 158.148.133.180)( 28 165.945.291.900)( COST OF REVENUES
LABA BRUTO 389.343.876.701 421.142.573.853 GROSS PROFIT
Beban penjualan dan pemasaran 30.721.737.571)( 29 28.543.722.465)( Selling and marketing expenses
Beban umum dan administrasi 292.360.228.655)( 30 263.170.404.878)( General and administrative expenses
Beban pajak final 20.991.226.567)( 18c 26.946.142.539)( Final tax expense
Beban operasi lainnya 20.430.896.103)( 33 9.737.739.737)( Other operating expenses
Pendapatan operasi lainnya 14.180.757.551 30.992.525.772 Other operating income
LABA USAHA 39.020.545.356 123.737.090.006 PROFIT FROM OPERATIONS
Penghasilan keuangan 7.826.089.988 31 12.805.363.023 Finance income
Beban keuangan 68.070.044.144)( 32 68.027.098.667)( Finance cost
Bagian atas laba entitas asosiasi, neto 188.242.335.162 9 36.811.274.149 Share in net profit of associates, net
LABA SEBELUM PAJAK 167.018.926.362 105.326.628.511 PROFIT BEFORE TAX
MANFAAT PAJAK PENGHASILAN 14.547.816.498 18c 6.960.885.346 INCOME TAX BENEFIT
LABA TAHUN BERJALAN 181.566.742.860 112.287.513.857 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 938.834.174)( 35 1.024.588.681 benefit liability
Pajak penghasilan terkait 69.384.054 193.571.248)( Related income tax
JUMLAH PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN SETELAH PAJAK 180.697.292.740 113.118.531.290 FOR THE YEAR NET OF TAX
Laba tahun berjalan yang dapat Profit for the year
diatribusikan kepada: attributable to:
Pemilik entitas induk 170.121.035.846 59.903.626.388 Owners of the parent
Kepentingan nonpengendali 11.445.707.014 52.383.887.469 Non-controlling interests
Jumlah 181.566.742.860 112.287.513.857 T o t a l
Laba komprehensif tahun berjalan Total comprehensive income for
yang dapat diatribusikan kepada: the year attributable to:
Pemilik entitas induk 169.506.434.099 60.734.643.821 Owners of the parent
Kepentingan nonpengendali 11.190.858.641 25 52.383.887.469 Non-controlling interests
Jumlah 180.697.292.740 113.118.531.290 T o t a l
LABA PER SAHAM, DASAR 15,21 26 8,96 EARNING PER SHARE, BASIC
Lihat Catatan atas Laporan Keuangan Konsolidasian pada
Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian secara keseluruhan
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are integral part
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 DAN ENTITAS ANAKNYA
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
Ekuitas entitas anak Selisih nilai transaksiyang berasal dari ekuitas dengan kepentingan
penyajian kembali nonpengendali/Modal ditempatkan Tambahan modal laporan keuangan/ Difference in value of Kepentingandan disetor penuh/ disetor/ Equity in subsidiaries equity transactions nonpengendali/Issued and fully Additional resulting restatement of with non-controlling Saldo laba/ Jumlah/ Non-controlling Jumlah ekuitas/
paid paid-in capital financial statements interests Retained earnings Total interests Total equity
Saldo per 1 Januari 2015 255.880.360.000 99.521.239.846 87.905.498.768 - 292.244.391.863 735.551.490.477 505.772.308.929 1.241.323.799.406 Balance as of 1 January 2015
Penerbitan saham baru melalui Issuance of new share through Penawaran Umum Terbatas I 862.316.813.200 1.940.212.829.700 - - - 2.802.529.642.900 - 2.802.529.642.900 Limited Public Offering I
Biaya emisi penerbitan saham Share issuance cost ofPenawaran Umum Terbatas I - 3.495.939.910)( - - - 3.495.939.910)( - 3.495.939.910)( Limited Public Offering I
Transaksi saham treasuri pada Treasury stock transactionentitas anak - - - 10.786.251.345)( - 10.786.251.345)( 50.213.748.655)( 61.000.000.000)( in subsidiary
Selisih nilai transaksi antar entitas Difference in value of transaction betweensepengendali - 70.167.457.233)( - - - 70.167.457.233)( - 70.167.457.233)( entities under common control
Kepentingan nonpengendali atas Non-controlling interest inakuisisi entitas anak - - - - - - 123.040.269.491 123.040.269.491 acquisition of subsidiaries
Pembagian dividen oleh entitas anak Dividend distributed by subsidiarieskepada kepentingan nonpengendali - - - - - - 31.323.070.000)( 31.323.070.000)( to non-controlling interest
Ekuitas entitas anak yang berasal dari Equity in subsidiaries resulting penyajian kembali laporan keuangan - 2.307.400.865 87.905.498.768)( - 2.673.771.418 82.924.326.485)( 79.079.715.633)( 162.004.042.118)( restatement of financial statements
Jumlah laba komprehensif tahun Total comprehensive incomeberjalan - - - - 60.734.643.821 60.734.643.821 52.383.887.469 113.118.531.290 for the year
Saldo per 31 Desember 2015 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 31 December 2015
Catatan 23/ Catatan 24/ Catatan 25/Note 23 Note 24 Note 25
Ekuitas yang dapat diatribusikan kepada entitas induk/Equity attributable to owner of the Parent
Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan
dari Laporan Keuangan Konsolidasian secara keseluruhan
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are integral part
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 DAN ENTITAS ANAKNYA
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN TAHUN YANG BERAKHIR PADA 31 DESEMBER 2016
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
Ekuitas entitas anak Selisih nilai transaksiyang berasal dari ekuitas dengan kepentingan
penyajian kembali nonpengendali/Modal ditempatkan Tambahan modal laporan keuangan/ Difference in value of Kepentingandan disetor penuh/ disetor/ Equity in subsidiaries equity transactions nonpengendali/Issued and fully Additional resulting restatement of with non-controlling Saldo laba/ Jumlah/ Non-controlling Jumlah ekuitas/
paid paid-in capital financial statements 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 subsidiarieskepada kepentingan nonpengendali - - - - - - 9.210.000.000)( 9.210.000.000)( to non-controlling interests
Bagian nonpengendali atas setoran Non-controlling portion ofmodal 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 betweenentitas 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 incomeberjalan - - - - 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 23/ Catatan 24/ Catatan 25/Note 23 Note 24 Note 25
Ekuitas yang dapat diatribusikan kepada entitas induk/Equity attributable to owner of the Parent
Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan
dari Laporan Keuangan Konsolidasian secara keseluruhan
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are integral part
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
DAN ENTITAS ANAKNYA LAPORAN ARUS KAS KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2 0 1 6 2 0 1 5
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIESPenerimaan dari pelanggan 557.423.005.043 486.008.707.582 Receipts from customersPembayaran kepada pemasok dan lainnya 398.813.626.387)( 358.648.064.134)( Cash paid to suppliers and othersPenghasilan keuangan 7.826.109.764 12.805.363.023 Finance incomePembayaran pajak penghasilan - 10.008.022.070)( Income taxes paidPembayaran beban keuangan 66.368.176.741)( 68.027.098.667)( Financial cost paid
Arus kas bersih dari aktivitas operasi 100.067.311.679 62.130.885.734 Net cash flows from operating activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIESPenerimaan dividen tunai 39.560.000.000 - Cash dividend receivedPenjualan investasi entitas anak setelah Sale of investment in subsidiary net-of
dikurangi kas yang dikeluarkan 14.799.998.119 - cash out from related subsidiaryPencairan investasi keuangan lancar lainnya, neto 84.820.000 445.430.636 Redeem of other current financial assets, netPenjualan aset tetap 12.000.000 - Sale of property and equipmentPeningkatan properti investasi 233.017.252.404)( 2.188.580.596)( Increase in investment propertiesPerolehan aset tetap 55.023.783.997)( 272.685.131.454)( Acquisition of property and equipmentPeningkatan investasi entitas asosiasi 15.041.876.850)( 2.522.027.924.145)( Increase in investment in associatesPeningkatan investasi entitas anak 4.850.000.000)( - Increase in investment in subsidiaryPenurunan (kenaikan) hak sewa tanah Decrease (increase)
jangka panjang 399.999.996)( 769.206.372 in long-term lease landrightsPenurunan aset tidak lancar lainnya - 12.492.564.963 Decrease in other non-current assets
Arus kas bersih untuk aktivitas investasi 253.876.095.128)( 2.783.194.434.224)( Net cash flows used in investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIESPenerimaan utang bank, neto 438.384.201.203 - Drawdowns of bank loans, netPenerimaan setoran modal entitas anak dari Proceeds capital contribution in
kepentingan nonpengendali 5.000.000 - subsidiary from non-controlling interestsPembayaran utang bank 235.571.913.885)( 30.425.684.508)( Payment of bank loanPenerimaan dari (pembayaran ke) pihak ketiga 62.442.715.378)( 45.626.286.255 Receipt from (payment to) third partiesPembayaran dividen tunai 16.772.957.598)( - Payment of cash dividendPembayaran dividen kepada kepentingan Payment of dividend to
nonpengendali 9.210.000.000)( 15.720.000.000)( non-controlling interestsPembayaran utang sewa pembiayaan 125.525.983)( 102.092.750)( Payments of finance lease payablesPembayaran kepada pihak berelasi 38.414.706)( 2.841.743.498)( Payment to related partiesPenerimaan dari penawaran umum terbatas - 2.798.418.128.740 Proceeds from limited public offering
Arus kas bersih dari aktivitas pendanaan 114.227.673.653 2.794.954.894.239 Net cash flows from financing activities
KENAIKAN (PENURUNAN) BERSIH KAS NET INCREASE (DECREASE) IN CASH ANDDAN SETARA KAS 39.581.109.796)( 73.891.345.749 CASH EQUIVALENTS
Kas dan setara kas entitas anak yang Cash and cash equivalent frombaru diakuisisi - 10.627.295.033 newly acquire subsidiaries
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTSAWAL TAHUN 287.484.925.085 202.966.284.303 AT BEGINNING OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTSPADA AKHIR TAHUN 247.903.815.289 287.484.925.085 AT END OF YEAR
Lihat Catatan atas Laporan Keuangan Konsolidasian pada Ekshibit E terlampir yang merupakan bagian yang tidak terpisahkan
dari Laporan Keuangan Konsolidasian secara keseluruhan
See accompanying Notes to Consolidated Financial Statements on Exhibit E which are integral part
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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(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(“Perusahaan”) didirikan dengan nama PT PentaKarsa Lubrindo berdasarkan akta Notaris No. 96tanggal 14 Juni 1996 dari Buntario Tigris Darmawa,NG, S.H., CN., pengganti dari Rachmat Santoso,S.H., Notaris di Jakarta. Akta pendirian ini telahdiubah dengan akta No. 42 tanggal 8 Januari 1997dari Notaris yang sama dan telah mendapatpengesahan dari Menteri Kehakiman RepublikIndonesia dalam Surat Keputusan No. C2-1030HT.01.01.TH.97 tanggal 12 Februari 1997 dantelah diumumkan dalam Berita Negara RepublikIndonesia No. 21 tanggal 12 Maret 2002 TambahanNo. 2574.
PT Indonesian Paradise Property Tbk (“theCompany”) was established as PT Penta KarsaLubrindo based on Notarial deed No. 96 dated14 June 1996 of Buntario Tigris Darmawa, NG,S.H., CN., substitute notary of Rachmat Santoso,S.H., Notary in Jakarta. The Deed of Establishmentwas amended with Notarial deed No. 42 dated8 January 1997 of the same Notary and wasapproved by the Minister of Justice of theRepublic of Indonesia in Decision LetterNo. C2-1030 HT.01.01.TH.97 dated 12 February 1997 and was published in the State Gazette ofthe Republic of Indonesia No. 21 dated 12 March 2002, Supplement No. 2574.
Anggaran dasar Perusahaan telah mengalamibeberapa kali perubahan, terakhir denganakta Notaris No. 206 tanggal 22 September 2015dari DR. Irawan Soerodjo, S.H., M.Si., Notaris diJakarta Barat, mengenai penerbitan modal sahamditempatkan dan disetor. Perubahan anggarandasar ini telah diterima dan dicatat oleh MenteriHukum dan Hak Asasi Manusia Republik Indonesiadalam Surat Keputusan No. AHU-AH.01.03-0967133tanggal 23 September 2015.
The Company’s articles of association havebeen amended several times, most recentlyby Notarial deed No. 206 dated 22 September 2015of DR. Irawan Soerodjo, S.H., M.Si., Notary in West Jakarta, concerning the issuance of share.The deed has been received and acknowledged bythe Ministry of Law and Human Rights of the Republic of Indonesia through Decision LetterNo. AHU-AH.01.03-0967133 dated 23 September2015.
Sesuai dengan Pasal 3 anggaran dasar Perusahaan,ruang lingkup kegiatan Perusahaan adalah dalambidang penyediaan akomodasi (hotel) danmelakukan penyertaan dalam bentuk saham padaentitas lain. Perusahaan adalah pemilik HotelHARRIS Tuban Bali (HHT). Perusahaan, melaluiPT Indonesian Paradise Island, entitas anak, secaratidak langsung memiliki Hotel Sheraton Bali KutaResort (SBKR), Hotel HARRIS Resort Kuta Bali (HRK) dan pusat perbelanjaan beachwalk Kuta Bali,melalui PT Retzan Indonusa, entitas anak, secaratidak langsung memiliki Hotel HARRIS BatamCenter, melalui PT Karsa Citra Unggul, entitasanak, secara tidak langsung memiliki hotel POP!Hotel Sangaji Yogyakarta, pusat perbelanjaanPark23 Entertainment Center Bali, dan hotelMaison Aurelia Sanur Bali, melalui PT Aneka BinaLaras, entitas anak, secara tidak langsung,memiliki hotel HARRIS fX-Suite SUDIRMAN Jakarta, melalui PT Anugrah Nusaraya, entitas anak, secaratidak langsung memiliki Hotel HARRIS ResortWaterfront Batam, melalui PT Dinamika PutraPerkasa, entitas anak, secara tidak langsungmemiliki Cikini Gold Center (pusat perbelanjaan)dan melalui PT Mitra Perdana Nuansa, entitasanak, secara tidak langsung, memiliki pusatperbelanjaan di Bandung.
In accordance with Articles 3 of the Company’s articles of association, the scope of activities is mainly engaged in hotel accommodation and investment in shares on other entities. The Company owns Hotel HARRIS Tuban Bali (HHT). The Company, through PT Indonesian ParadiseIsland, a subsidiary, indirectly owns Hotel Sheraton Bali Kuta Resort (SBKR), Hotel HARRISResort Kuta Bali (HRK) and shopping center beachwalk Kuta Bali, through PT Retzan Indonusa,a subsidiary, indirectly owns Hotel HARRISBatam Center, through PT Karsa Citra Unggul, a subsidiary, indirectly owns Hotel POP! Hotel Sangaji Yogyakarta, shopping center Park23 Entertainment Center Bali, and hotel Maison Aurelia Sanur Bali, through PT Aneka Bina Laras, a subsidiary, indirectly, owns hotel HARRIS fX-Suite SUDIRMAN Jakarta, through PT Anugerah Nusaraya, a subsidiary, indirectly owns HotelHARRIS Waterfront Batam, through PT Dinamika Putra Perkasa, a subsidiary, indirectly, owns Cikini Gold Center (shopping center), and through PT Mitra Perdana Nuansa, a subsidiary, indirectly owns shopping center in Bandung.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/2 Exhibit E/2
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(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 diCentennial Tower Lantai 30, Jalan Gatot SubrotoKav 24-25, Jakarta 12930.
The Company’s head office is located at at Centennial Tower 30th Floor, Jalan Gatot SubrotoKav 24-25, Jakarta 12930.
Perusahaan memulai kegiatan operasi komersialnyapada bulan Oktober 2002.
The Company started its commercial operations in October 2002.
b. Dewan Komisaris, Direksi, Komite Audit dan
Karyawan b. Board of Commissioners, Directors, Audit
Committee and Employees
Susunan Dewan Komisaris dan Direksi serta KomiteAudit Perusahaan pada tanggal 31 Desember 2016dan 2015 adalah sebagai berikut:
The Company’s Board of Commissioners andDirectors and Audit Committee as of 31 December2016 and 2015 are as follows:
2 0 1 6 Dewan Komisaris Board of Commissioners Presiden Komisaris merangkap Komisaris Independen : Todo Sihombing
: President Commissioner cum Independent Commissioner
Wakil Presiden Komisaris merangkap Komisaris Independen
:
Hadi Cahyadi
:
Vice President Commissioner cum Independent Commissioner
Komisaris : Karel Patipeilohy : Commissioner Komisaris : Amelia Gozali : Commissioner
2 0 1 5 Dewan Komisaris Board of Commissioners Presiden Komisaris : Todo Sihombing : President Commissioner Wakil Presiden Komisaris : Amelia Gozali : Vice President Commissioner Komisaris : Karel Patipeilohy : Commissioner Komisaris Independen : Hadi Cahyadi : Independent Commissioner
2 0 1 6 2 0 1 5 Dewan Direksi Board of Directors Presiden Direktur : Agoes Soelistyo Santoso Agoes Soelistyo Santoso : President Director Wakil Presiden Direktur : Anthony Prabowo Susilo1 - : Vice Precident Director Direktur : Patrick Santosa
Rendradjaja Patrick Santosa
Rendradjaja : Director
Direktur : Diana Solaiman Diana Solaiman : Director Direktur Independen : Alexander Nartates
Nartates1 Edhie Bambang Siswoko : Independent Director
Komite Audit Audit CommitteeKetua : Hadi Cahyadi Hadi Cahyadi : ChairmanAnggota : Anang Yudiansyah Setiawan Anang Yudiansyah Setiawan : MemberAnggota : Kurniadi Kurniadi : Member
1) Ditunjuk pada tanggal 10 Juni 2016/ Appointed on
10 June 2016
Pada tanggal 6 September 2016, Dewan Komisaristelah menyetujui penunjukan Andriyono AdiNugroho sebagai Kepala Internal Audit efektif sejaktanggal tersebut.
On 6 September 2016, Board of Commissioner approved the appointment Andriyono Adi Nugrohoas Chief Internal Audit effective since that day.
Pada tanggal 31 Desember 2016 dan 2015,Perusahaan dan entitas anaknya mempekerjakanmasing-masing 535 dan 391 karyawan tetap (Tidakdiaudit).
As of 31 December 2016 and 2015, the Company and its subsidiaries employed 535 and 391permanent employees, respectively (Unaudited).
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/3 Exhibit E/3
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(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, Perusahaanmemperoleh pernyataan efektif dari Ketua BadanPengawas Pasar Modal (BAPEPAM, sekarangOtoritas Jasa Keuangan (OJK)) berdasarkan SuratNo. S-2970/PM/2004 dalam rangka pendaftaransebagai Perusahaan Publik. Selanjutnya saham-saham Perusahaan dicatatkan pada Bursa EfekIndonesia (dahulu Bursa Efek Surabaya) padatanggal 1 Desember 2004.
On 21 September 2004, the Company obtainednoticed of effectivity from the Chairmanof the Securities and Exchange Commission(BAPEPAM, now Financial Service Authority (OJK)) in his Decision Letter No. S-2970/ PM/2004 for Public Company. The Company’s shares are listedin Indonesian Stock Exchange (previously SurabayaStock Exchanges) on 1 December 2004.
Berdasarkan Rapat Umum Pemegang Saham LuarBiasa Perusahaan pada tanggal 26 Mei 2005, parapemegang saham Perusahaan menyetujui untukmelakukan Penambahan Modal Tanpa Hak MemesanEfek Terlebih Dahulu (sesuai Peraturan BAPEPAM-LK No. IX.D.4) sejumlah 75.000.000 saham dengannilai nominal Rp 100 per saham yang diambilbagian oleh Premiere Estates Limited. Penambahansaham tersebut telah disetujui oleh Direksi BursaEfek Surabaya melalui surat No. JKT-027/LIST-EMITEN/BES/VII/2005 tanggal 13 Juli 2005.
Based on the Extraordinary Shareholders’ GeneralMeeting held on 26 May 2005, the Companyshareholders’ approved Capital Increase WithoutPreemptive Rights (in accordance with the BAPEPAM regulation No. IX.D.4) amounting to 75,000,000 shares par value Rp 100 per sharewhich was taken by Premiere Estates Limited. The addition shares has been approved by the Directorsof Surabaya Stock Exchange through his letterNo. JKT-027/LIST-EMITEN/BES/VII/2005 dated 13 July 2005.
Berdasarkan Akta No. 144 tanggal 12 Juni 2015,dari notaris Irawan Soerodjo, S.H., M.Si., notaris diJakarta, tentang Berita Acara Rapat UmumPemegang Saham Luar Biasa (RUPSLB),dimana para pemegang saham Perusahaanmenyetujui untuk menerbitkan 8.623.168.132lembar saham pada harga Rp 325 (dalam Rupiahpenuh per saham) melalui PenambahanModal Tanpa Hak Memesan Efek TerlebihDahulu (PMTHMETD). Sejak tanggal 26 Juni 2015sampai tanggal 9 Juli 2015, Perusahaanmelaksanakan PMTHMETD dengan jumlahdana yang diperoleh adalah sebesarRp 2.802.529.642.900.
Based on notarial deed No. 144 dated 12 June 2015, of Irawan Soerodjo, S.H., M.Si., public notary in Jakarta, concerning an ExtraordinaryStockholders’ Meeting wherein the Company’sstockholders approved the issuance of8,623,168,132 shares at a price of Rp 325(in full Rupiah per share) to shareholder through “Rights Issue Without Pre-Emptive Rights”.In the period of exercise shares from26 June 2015 to 9 July 2015, the total funds received in relation to this “Rights Issue Without Pre-Emptive Rights” amounted to Rp 2,802,529,642,900.
Pada tanggal 12 Juni 2015, Perusahaanmemperoleh Pernyataan Efektif dari KepalaOtoritas Jasa Keuangan (OJK) melalui suratNo. S-253/D.04/2015 untuk Penawaran UmumTerbatas I (PUT I) kepada Pemegang Saham denganHak Memesan Efek Terlebih Dahulu (HMETD) atas8.623.168.132 lembar Saham Biasa Atas Namadengan nilai nominal Rp 100 (dalam Rupiah penuh)per saham yang ditawarkan dengan hargapelaksanaan Rp 325 (dalam Rupiah penuh) persaham.
On 12 June 2015, the Company obtained the Notice of Effectivity from the Chairman of Otoritas Jasa Keuangan (OJK) inhis letter No. S-253/D.04/2015 for the Limited Public Offering I (PUT I) with pre-emptive rights to Stockholders for 8,623,168,132common shares with par value of Rp 100(in full Rupiah) per share at exercise price ofRp 325 (in full Rupiah) per share.
Pada tanggal 31 Desember 2016 dan 2015, seluruhsaham Perusahaan atau sejumlah 11.181.971.732saham telah tercatat di Bursa Efek Indonesia.
As of 31 December 2016 and 2015, all of the Company’s shares totaling to 11,181,971,732 arelisted 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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
d. Entitas Anak d. Subsidiaries
Perusahaan memiliki kepemilikan langsung dantidak langsung pada entitas-entitas anak berikutini:
The Company has direct and indirect ownership inthe following subsidiaries:
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 6 2 0 1 5 2 0 1 6 2 0 1 5
Kepemilikan langsung/ Direct acquisitionPT Karsa Citra Unggul dan Hotel/Hotel Jakarta 2012 99,98% 99,98% 251.016 227.688
entitas anaknya/ and its subsidiaries (KCU)PT Retzan Indonusa dan Hotel dan real estat/ Batam 2011 99,90% 99,90% 79.877 80.318
entitas anaknya/ and Hotel and real estate
its subsidiary (RIN)PT Indonesia Gemilang Perdagangan dan Jakarta Belum beroperasi/ 95,00% - 100 - Mahasentosa (IGM) pembangunan/ Dormant
Tradingand development
PT Dinamika Putra Perdagangan Jakarta 2012 60,00% 60,00% 18.345 32.998 Perkasa dan entitas umum/ General anaknya/ and its trading
subsidiary (DPP)PT Indonesian Paradise Hotel dan Jakarta 2004 55,00% 55,00% 1.285.678 1.347.079 Island (IPI) pembangunan/Hotel
and developmentPT Saranausaha Jaya (SJ) Perdagangan dan Jakarta Belum beroperasi/ 55,00% 55,00% 13.459 13.444
pembangunan/ DormantTrading
and developmentPT Anugerah Nusaraya (AN) Hotel/Hotel Jakarta 2007 55,00% 51,00% 89.417 101.690 PT Mitra Gemilang Mahacipta Hotel dan Balikpapan Belum beroperasi/ 55,00% 55,00% 112.755 112.772 (MGM) pembangunan/Hotel Dormant
and developmentPT Aneka Bina Laras dan Hotel/Hotel Jakarta 2011 51,00% 51,00% 81.259 83.799
entitas anaknya/ and its subsidiary (ABL)PT Eka Ilalang Hotel/Hotel Bogor Belum beroperasi/ 51,00% 51,00% 24.615 24.624 Suryadinamika (EIS) DormantPT Mitra Perdana Nuansa (MPN) Perdagangan umum/ Bandung Tahap pengembangan/ 51,00% 51,00% 358.999 107.377
General trading Development stage
PT Sepingan Properti (SP) 1) Hotel/Hotel Jakarta Belum beroperasi/ - 50,00% - 25.907
Dormant
Pemilikan tidak langsung/ Indirect AcquisitionPT Segara Biru Kencana Hotel/Hotel Jakarta 2016 99,90% 99,90% 72.569 39.117
(SBK) (melalui/ through KCU) 2)
PT Praba Kumala Sajati Perdagangan umum/ Jakarta 2015 99,90% 99,90% 119.305 128.768
(PKS) (melalui/ through General trading
KCU)PT Kega Property Utama Hotel/Hotel Jakarta 2012 92,73% 92,73% 46.540 46.853
(KPU) (melalui/ through KCU)PT Trimutri Tunggal Sejahtera Perdagangan dan Jakarta Belum beroperasi/ 75,00% 75,00% 455 500
(TTS) (melalui/ through pembangunan/ Dormant
KCU) Tradingand development
PT Padma Suasa (PS) Hotel/Hotel Jakarta 2011 99,99% 99,99% 22.375 24.681
(melalui/ through ABL)PT Paloma Suasa Manajemen Perdagangan dan Batam Belum beroperasi/ 99,90% - 100 - (PSM) (melalui/ through RIN) pembangunan/ Dormant
Tradingand development
PT Magna Terra (MT) Perdagangan dan Jakarta 2012 51,00% 51,00% 13.588 28.407
(melalui/ through DPP) pembangunan/Trading
and development
1) Dijual pada tanggal 23 Desember 2016/ Sold on23 December 2016.
2) Beroperasi komersial tanggal 15 September 2016/ Started commercialoperation on 15 September 2016
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/5 Exhibit E/5
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(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 10 September 2015, Perusahaanmelakukan akuisisi atas 51% saham pada AN dari,Unipac Holding Ltd (UH) sebesar 49% danPT Andalan Karya Property (AKP), pihak berelasi,sebesar 2%, dengan pembayaran sebesarRp 97.000.000.000.
On 10 September 2015, the Company acquired 51%shares in AN from Unipac Holding Ltd (UH) 49% and 2% from PT Andalan Karya Property (AKP), arelated party, of 2% with purchase consideration transferred of Rp 97,000,000,000.
Pada tanggal 5 April 2016, Perusahaan melakukanakuisisi atas 4% saham AN dari PT Andalan KaryaProperty (AKP), pihak berelasi, dengan melakukanpembayaran sebesar Rp 4.850.000.000, sehinggapersentase kepemilikan saham AN masing-masingsebesar 55% dan 51% pada tanggal 31 Desember2016 dan 2015.
On 5 April 2016, the Company acquired 4% equity interest in AN from PT Andalan Karya Property (AKP), a related party, with payment amounting to Rp 4,850,000,000 which percentage of AN share ownership 55% and 51% on 31 December 2016 and2015, respectively.
Pada tanggal 1 September 2015, Perusahaanmelakukan akuisisi atas 51% saham pada MPNdari PT Grahatama Kreasibaru (GKB), pemegangsaham Perusahaan, dengan pembayaran sebesarRp 29.000.000.000.
On 1 September 2015, the Company acquired51% shares in MPN fom PT Grahatama Kreasibaru(GKB), the Company’s shareholder, with purchase consideration transferred of Rp 29,000,000,000.
Pada tanggal 30 September 2015, Perusahaanmelakukan akuisisi atas 50% saham pada SP dariPT Grahatama Kreasibaru (GKB), pemegangsaham Perusahaan, dengan pembayaran sebesarRp 13.500.000.000.
On 30 September 2015, the Company acquired 50% shares in SP from PT Grahatama Kreasibaru (GKB), the Company’s shareholder, with purchase consideration transferred ofRp 13,500,000,000.
Pada tanggal 30 September 2015, Perusahaanmelakukan akuisisi atas 55% saham pada MGM dariPT Daksa Utama Mandiri, pihak ketiga, denganpembayaran sebesar Rp 192.000.000.000.
On 30 September 2015, the Company acquired 55% shares in MGM from PT Daksa Utama Mandiri, the Company’s shareholder, with purchase consideration transferred of Rp 192,000,000,000.
Pendirian Entitas Anak Establishment of Subsidiaries
Pada tanggal 28 Juni 2016, Perusahaan mendirikanPT Indonesia Gemilang Mahasentosa dengan nilaiinvestasi awal sejumlah Rp 95.000.000 untukkepemilikan 95%.
On 28 June 2016, the Company establishedPT Indonesia Gemilang Mahasentosa with an initial investment of Rp 95,000,000 for percentage share ownership of 95%.
Pada tanggal 28 Juni 2016, Perusahaan melaluiRIN dan KCU mendirikan PT Paloma SuasaManajemen dengan nilai investasi awal sejumlahRp 100.000.000 untuk kepemilikan 99,9% pada RINdan 0,1% pada KCU.
On 28 June 2016, the Company through RIN and KCU established PT Paloma Suasa Manajemen with an initial investment of Rp 100,000,000 for percentage share ownership of 99.9% in RIN and 0.1% in KCU.
Pelepasan Entitas Anak Deconsolidation of Subsidiary Pada tanggal 23 Desember 2016, berdasarkanakta notaris No. 53 dari Laurens Gunawan, S.H.,M.Kn, notaris di Tangerang, Perusahaan menjual8.974.499 saham pemilikan atas SP dengan nilainominal Rp 1.000 per lembar kepada Kokos Leo Limdan Angela Ningsih, pihak ketiga, denganpembayaran sebesar Rp 14.800.000.000.
On 23 December 2016, based on notarial deedNo. 53 of Laurens Gunawan, S.H., M.Kn, notary inTangerang, the Company sells 8,974,499 shares of SP with nominal value of Rp 1,000 per share toKokos Leo Lim and Angela Ningsih, third parties, with sale consideration of Rp 14,800,000,000.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/6 Exhibit E/6
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
1. U M U M (Lanjutan) 1. GENERAL (Continued)
e. Entitas Asosiasi e. Associates
Informasi mengenai Entitas Asosiasi yang dimilikiPerusahaan pada tanggal 31 Desember 2016 dan2015 adalah sebagai berikut:
Information about Associated entities owned bythe Company as of 31 December 2016 and 2015 are as 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 6 2 0 1 5
PT Plaza Indonesia Realty Tbk Perhotelan, pusat perbelanjaan, Jakarta 1990 26,03% 25,92% 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/Tradingand development
PT Java Paradise Island (JPI) Hotel/Hotel Jakarta 2005 27,50% 27,50% Pada tanggal 18 Agustus 2015, Perusahaanmelakukan penyertaan 25,92% saham padaPT Plaza Indonesia Realty Tbk (PLIN) sebesarRp 2.300.000.000.000 melalui pengambilalihan920.000.000 saham PLIN dari UBS AG SingaporeS/A, pihak ketiga.
In 18 August 2015, the Company made investment in 25.92% of shares of PT Plaza Indonesia Realty Tbk (PLIN) amounting to Rp 2,300,000,000,000 through transferred of 920,000,000 shares of PLIN from UBS AG Singapore S/A, third party.
Pada tanggal 21 September 2016, Perusahaanmelakukan pembelian 3.900.000 sahamPLIN dengan harga pembelian sebesarRp 15.041.876.850, sehingga meningkatkankepemilikan efektif Perusahaan pada PLIN dari25,92% menjadi sebesar 26,03%.
On 21 September 2016, the Company purchased 3,900,000 shares of PLIN stock with purchase priceRp 15,041,876,850, thus increasing the Company’seffective ownership in PLIN from 25.92% to 26.03%.
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Laporan keuangan konsolidasian telah disajikan sesuaidengan Standar Akuntansi Keuangan di Indonesia(SAK), dan peraturan Badan Pengawas Pasar Modal danLembaga Keuangan (BAPEPAM-LK) Nomor VIII.G.7 yangmerupakan lampiran Keputusan Ketua BAPEPAM-LKNo. KEP-347/BL/2012 tanggal 25 Juni 2012 tentang“Penyajian dan Pengungkapan Laporan KeuanganEmiten atau Perusahaan Publik”.
The consolidated financial statements have beenprepared in accordance with Indonesian Financial Accounting Standards (SAK) and Capital Market and Financial Institution Supervisory Agency (BAPEPAM-LK) regulation Number VIII.G.7 Attachment to Decision of BAPEPAM Chairman of BAPEPAM-LK No. KEP-347/BL/2012 dated 25 June 2012 on the “Presentations andDisclosures of Financial Statements of Listed Entity”.
Laporan keuangan konsolidasian Perusahaan danentitas anaknya disetujui oleh Direksi pada tanggal23 Maret 2017.
The consolidated financial statements of the Companyand its subsidiaries were authorized by the Directorson 23 March 2017.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/7 Exhibit E/7
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
a. Dasar Penyusunan Laporan KeuanganKonsolidasian
a. Basis of Preparation of the Consolidated Financial Statements
Laporan keuangan konsolidasian, kecuali untuklaporan arus kas konsolidasian, disusun berdasarkankonsep harga perolehan dan dasar akrual, kecualiuntuk beberapa akun tertentu yang diukurberdasarkan pengukuran sebagaimana diuraikandalam kebijakan akuntansi masing-masing akuntersebut.
The consolidated financial statements, except forthe consolidated statements of cash flows, havebeen prepared under historical cost concept andaccrual basis, except for certain accounts whichare measured on the bases described in the related accounting policies of each account.
Laporan arus kas konsolidasian disusun denganmenggunakan metode langsung denganmengklasifikasikan arus kas sebagai aktivitasoperasi, investasi dan pendanaan.
The consolidated statements of cash flows havebeen prepared based on the direct method byclassifying the cash flows on the basis ofoperating, investing and financing activities.
Transaksi-transaksi yang termasuk dalam laporankeuangan konsolidasian pada tiap entitas diukurdengan mata uang lingkungan ekonomi utama dimana entitas beroperasi (mata uang fungsional).Laporan keuangan konsolidasian disajikan dalamRupiah, yang merupakan mata uang fungsional danpenyajian Perusahaan dan entitas anaknya.
Items included in the consolidated financialstatements of each entities are measured usingthe currency of primary economic environment inwhich the entity operates (the functional currency). The consolidated financial statementsare presented in Rupiah, which is the Company and its subsidiaries’ functional and presentationcurrency.
Perubahan atas Pernyataan Standar AkuntansiKeuangan (PSAK) dan Interpretasi StandarAkuntansi Keuangan (ISAK)
Changes to the Statement of FinancialAccounting Standards (PSAK) and Interpretations of Statements of Financial Accounting Standards(ISAK)
Penerapan dari penyesuaian, amandemen daninterpretasi standar akuntansi yang berlaku sejaktanggal 1 Januari 2016, adalah sebagai berikut:
The adoption of the improvements, amendment and and interpretation to the accounting standards, which are effective from 1 January 2016, are as follows:
- PSAK 4 (Revisi 2015), “Laporan Keuangan
Tersendiri” - PSAK 5 (Revisi 2015), “Segmen Operasi” - PSAK 7 (Revisi 2015), “Pengungkapan Pihak-
pihak Berleasi” - PSAK 13 (Revisi 2015), “Properti Investasi”
- PSAK 15 (Revisi 2015), “Investasi pada Entitas
Asosiasi dan Ventura Bersama”
- PSAK 4 (Revised 2015), “Separate Financial Statements”
- PSAK 5 (Revised 2015), “Operating Segment” - PSAK 7 (Revised 2015), “Related Party
Disclosures” - PSAK 13 (Revised 2015), “Investment
Property” - PSAK 15 (Revised 2015), “Investment in
Associates and Joint Ventures” - PSAK 16 (Revisi 2015), “Aset Tetap”
- PSAK 19 (Revisi 2015), “Aset Takberwujud” - PSAK 22 (Revisi 2015), “Kombinasi Bisnis” - PSAK 24 (Revisi 2015), “Imbalan Kerja” - PSAK 25 (Revisi 2015), “Kebijakan Akuntansi,
Perubahan Estimasi dan Kesalahan” - PSAK 53 (Revisi 2015), “Pembayaran Berbasis
Saham” - PSAK 65 (Revisi 2015), “Laporan Keuangan
Konsolidasian”
- PSAK 16 (Revised 2015), “Property, Plant and Equipment”
- PSAK 19 (Revised 2015), “Intangible Assets” - PSAK 22 (Revised 2015), “Business Combination” - PSAK 24 (Revised 2015), “Employee Benefits” - PSAK 25 (Revised 2015), “Accounting Policies,
Changes in Accounting Estimates and Errors” - PSAK 53 (Revised 2015), “Share Based Payment”
- PSAK 65 (Revised 2015), “Consolidated Financial
Statements”
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/8 Exhibit E/8
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
a. Dasar Penyusunan Laporan KeuanganKonsolidasian (Lanjutan)
a. Basis of Preparation of the Consolidated Financial Statements (Continued)
Perubahan atas PSAK dan ISAK (Lanjutan) Changes to PSAK and ISAK (Continued)
Penerapan dari penyesuaian, amandemen daninterpretasi standar akuntansi yang berlaku sejaktanggal 1 Januari 2016, adalah sebagai berikut:(Lanjutan)
The adoption of the improvements, amendmentand and interpretation to the accountingstandards, which are effective from 1 January 2016, are as follows: (Continued)
- PSAK 66 (Revisi 2015), “Pengaturan Bersama
Tentang Akuntansi Akuisisi Kepentingan dalamOperasi Bersama”
- PSAK 66 (Revised 2015), “Joint Arrangementsabout Accounting for Acquisitions of Interest inJoint Operation
- PSAK 67 (Revisi 2015), “PengungkapanKepentingan Dalam Entitas Lain”
- PSAK 68 (Revisi 2015), “Pengukuran Nilai Wajar”
- PSAK 70, “Akuntansi Aset dan LiabilitasPengampunan Pajak”
- PSAK 110, “Akuntansi Sukuk” - ISAK 30, “Pungutan”
- PSAK 67 (Revised 2015), “Disclosure of interestsin Other Entities”
- PSAK 68 (Revised 2015), “Fair ValueMeasurement”
- PSAK 70, “ Accounting for Tax Amnesty of Assets and Liabilities”
- PSAK 110, “Accounting for Sukuk” - ISAK 30, “Levies”
Interpretasi dan amandemen standar berikutberlaku efektif untuk periode yang dimulai padaatau setelah 1 Januari 2017, dengan penerapan dinidiperkenankan yaitu:
Interpretation and amendment to standareffective for the year beginning on or after1 January 2017, with early permitted implementation are as follows:
- PSAK 1 (Revisi 2015), “Penyajian Laporan
Keuangan tentang Prakarsa Pengungkapan” - ISAK 31, “Interpretasi atas Ruang Lingkup PSAK
13: Properti Investasi”
- PSAK 1 (Revised 2015), “Presentation of Financial Statements of Disclosures Initiative”
- ISAK 31, “The intrepretations of the Scope PSAK 13: Investment Property”
Amandemen standar berikut berlaku efektif untukperiode yang dimulai pada atau setelah 1 Januari2018, dengan penerapan dini diperkenankan yaitu:
Amendment to standards effective for the year beginning on or after 1 January 2018, with early permitted implementation are as follows:
- PSAK 69 (Revisi 2015), “Agriculture” - PSAK 16, “Aset Tetap tentang Agrikultur:
Tanaman Produktif”
- PSAK 69 (Revised 2015), “Agriculture” - PSAK 16, “Property, Plant and Equipment about
Agriculture: Bearer Plants”
Perusahaan dan entitas anaknya sedangmengevaluasi dan belum menentukan dampak daristandar akuntansi tersebut pada laporan keuangankonsolidasian.
The Company and its subsidiaries is currentlyevaluating and has not yet determined the effectsof these accounting standards on its consolidatedfinancial statements.
b. Dasar Konsolidasi b. Basis of Consolidation
Laporan keuangan konsolidasian meliputi laporankeuangan Perusahaan dan entitas-entitas anakdimana Perusahaan memiliki pengendalian.
The consolidated financial statements incorporatethe financial statements of the Company andentities in which the Company has control.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/9 Exhibit E/9
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
b. Dasar Konsolidasi (Lanjutan) b. Basis of Consolidation (Continued)
Entitas anak dikonsolidasi secara penuh sejakPerusahaan memperoleh pengendalian atas entitasanak tersebut dan tidak mengkonsolidasikanentitas anak ketika kehilangan pengendaliannya.Pengendalian dianggap ada apabila Perusahaanmemiliki secara langsung atau tidak langsungmelalui Entitas Anak, lebih dari setengah kekuasaansuatu entitas.
Subsidiaries are fully consolidated whenthe Company obtains control over the subsidiaryand ceases when the Company loses controlof the subsidiary. Control is presumedto exist if the Company owns, directly or indirectlythrough subsidiaries, more than a half of the voting rights of an entity.
Laporan keuangan Entitas anak disusun untukperiode pelaporan yang sama dengan Perusahaan,menggunakan kebijakan akuntansi yang konsisten.
The financial statements of the Subsidiaries are prepared for the same reporting period as theCompany, using consistent accounting policies.
Kombinasi bisnis dihitung dengan menggunakanmetode akuisisi pada tanggal akuisisi,yaitu tanggal pengendalian beralih kepadaEntitas. Biaya perolehan termasuk nilai wajarimbalan kontinjensi pada tanggal akuisisi. Biayaterkait akusisi dibebankan ketika terjadi. Aset,liabilitas dan liabilitas kontinjensi dalam suatukombinasi bisnis diukur pada awalnya sebesar nilaiwajar pada tanggal akuisisi. Untuk setiap akuisisi,Perusahaan mengakui kepentingan nonpengendalipada pihak yang diakuisisi baik sebesar nilaiwajar atau sebagian proporsional kepentingannonpengendali atas aset neto pihak yang diakuisisi.
Business combinations are accounted using theacquisition method as at the acquisition date,which is the date on which control is transferred tothe Entity. The cost of an acquisition includes thefair value of any contingent consideration at theacquisition date. Acquisition-related costs are expensed as incurred. Assets, liabilities andcontingent liabilities assumed in a businesscombination are measured initially at their fairvalue at the acquisition date. On an acquisition-by-acquisition basis, the Company recognises any non-controlling interest in the acquiree either at fair value or at non-controlling interest’s proportionateshare of the acquiree’s net assets.
Imbalan yang dialihkan tidak termasukjumlah yang terkait dengan penyelesaian padahubungan yang sebelumnya ada. Jumlah tersebut,umumnya diakui di dalam laba rugi.
The consideration transferred does not includeamounts related to the settlement of pre-existing relationships. Such amounts are generallyrecognised in profit or loss.
Semua imbalan kontinjensi diakui pada nilai wajarpada saat tanggal akuisisi. Apabila imbalankontinjensi diklasifikasikan sebagai ekuitas,maka hal tersebut tidak diukur kembalidan penyelesaiannya dicatat di dalam ekuitas.Selain itu, perubahan berikutnya terhadap nilaiwajar imbalan kontinjensi diakui di laporan labarugi.
Any contingent consideration payableis recognised at fair value at the acquisition date.If the contingent consideration is classified asequity, it is not re-measured and settlement is accounted for within equity. Otherwise,subsequent changes to the fair value of thecontingent consideration are recognised in profit orloss.
Saldo dan transaksi antar Perusahaan dan entitasanaknya dan semua pendapatan dan beban yangbelum terealisasi yang timbul dari transaksi antarPerusahaan dan entitas anaknya, dieliminasi didalam penyusunan dan penyajian laporan keuangankonsolidasian.
Intra-group balances and transactions, and any unrealized income and expenses arising fromintra-group transactions, are eliminatedin preparing the consolidated financial statements.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/10 Exhibit E/10
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
b. Dasar Konsolidasi (Lanjutan) b. Basis of Consolidation (Continued)
Investasi pada entitas asosiasi Investments in associates
Jika Perusahaan dan entitas anaknya memilikipengaruh signifikan (namun bukan mengendalikan)terhadap kebijakan keuangan dan kebijakan operasisuatu entitas, entitas tersebut diklasifikasikansebagai entitas asosiasi. Investee dicatat denganmenggunakan metode ekuitas (equity-accountedinvestees) dan diakui sebesar harga perolehan padasaat awal perolehan.
Where the Company and its subsidiaries has the power to participate in (but not control) thefinancial and operating policy decisions of anotherentity, it is classified as an associate. Associatesare recorded by equity-accounted investeesmethod and initially recognised in the consolidated statement of financial position at cost.
Keuntungan dan kerugian yang timbul dari transaksiantara Perusahaan dan entitas anaknya denganperusahaan asosiasi diakui hanya sebataskepentingan investor terkait dalam asosiasi. Bagiankeuntungan dan kerugian penanam modal yangtimbul dari transaksi asosiasi itu dihilangkanterhadap nilai tercatat asosiasi.
Profits and losses arising on transactions betweenthe Company and its subsidiaries and its associatesare recognised only to the extent of unrelated investors' interests in the associate. The investor'sshare in the associate's profits and losses resultingfrom these transactions is eliminated against thecarrying value of the associates.
Laporan keuangan konsolidasian mencakup bagianlaba rugi Perusahaan dan entitas anaknya danpenghasilan komprehensif lain dari investeeyang dicatat dengan menggunakan metodeekuitas, setelah dilakukan penyesuaian untukmenyelaraskan kebijakan akuntansi investee yangdicatat dengan menggunakan metode ekuitasdengan kebijakan Perusahaan dan entitas anaknya,sejak tanggal dimulainya pengaruh signifikansampai dengan pengaruh signifikan berakhir.
The consolidated financial statements includes equity in profit or loss of the Company and itssubsidiaries and other comprehensive income frominvestee under equity method, thereforeadjustment shall be made to adjust accountingpolices on investee which has been recorded using the equity method with the Company and itssubsidiaries’ policies starting from the date of significant control until its ended.
c. Transaksi dengan Pihak Berelasi c. Transactions with Related Party
Pihak berelasi adalah orang atau entitas yangterkait dengan entitas pelapor: (a) Orang atau anggota keluarga terdekat
mempunyai relasi dengan entitas pelapor jikaorang tersebut: (i) memiliki pengendalian atau pengendalian
bersama atas entitas pelapor; (ii) memiliki pengaruh signifikan atas entitas
pelapor; atau
A related party represents a person or an entitywho is related to the reporting entity:
(a) A person or a close member of the person’s
family is related to a reporting entity if thatperson: (i) has control or joint control over the
reporting entity; (ii) has significant influence over the
reporting entity; or (iii) personil manajemen kunci entitas pelapor
atau entitas induk entitas pelapor. (iii) is a member of the key management
personnel of the reporting entity or of aparent 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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
c. Transaksi dengan Pihak Berelasi (Lanjutan) c. Transactions with Related Party (Continued)
(b) Suatu entitas berelasi dengan entitas pelaporjika memenuhi salah satu hal berikut: (i) entitas dan entitas pelapor adalah
anggota dari kelompok usaha yang sama(artinya entitas induk, entitas anak, danentitas anak berikutnya terkait denganentitas lain).
(b) An entity is related to a reporting entity ifany of the following conditions applies: (i) the entity and the reporting entity are
members of the same Group (whichmeans that each parent, subsidiary andfellow subsidiary is related to theothers).
(ii) satu entitas adalah entitas asosiasi atauventura bersama dari entitas lain (atauentitas asosiasi atau ventura bersamayang merupakan anggota suatu kelompokusaha, yang mana entitas lain tersebutadalah anggotanya).
(iii) kedua entitas tersebut adalah venturabersama dari pihak ketiga yang sama
(ii) one entity is an associate or joint ventureof the other entity (or an associate orjoint venture of a member of a group ofwhich the other entity is a member).
(iii) both entities are joint ventures of the
same third party. (iv) satu entitas adalah ventura bersama dari
entitas ketiga dan entitas yang lainadalah entitas asosiasi dari entitas ketiga.
(v) entitas tersebut adalah suatu programimbalan pasca-kerja untuk imbalan kerjadari salah satu entitas pelapor atauentitas yang terkait dengan entitaspelapor. Jika entitas pelapor adalahentitas yang menyelenggarakan programtersebut, maka entitas sponsor jugaberelasi dengan entitas pelapor.
(vi) entitas yang dikendalikan ataudikendalikan bersama oleh orang yangdiidentifikasi dalam huruf (a).
(vii) orang yang diidentifikasi dalam huruf(a)(i) memiliki pengaruh signifikan atasentitas atau personil manajemen kuncientitas (atau entitas induk dari entitas).
(iv) one entity is a joint venture of a thirdentity and the other entity is anassociate of the third entity.
(v) the entity is a post-employment benefit plan for the benefit of employees ofeither the reporting entity or an entityrelated to the reporting entity. If thereporting entity is itself such a plan, thesponsoring employers are also related tothe reporting entity.
(vi) the entity is controlled or jointly
controlled by a person identified in (a). (vii) a person identified in (a)(i) has
significant influence over the entity or isa member of the key managementpersonnel of the entity (or of a parent ofthe entity).
d. Transaksi dan Penjabaran Mata Uang Asing d. Foreign Currency Transactions and Translations
Transaksi-transaksi dalam mata uang asingdijabarkan ke dalam Rupiah dengan menggunakankurs yang berlaku pada tanggal transaksi. Padatanggal pelaporan, aset dan liabilitas moneterdalam mata uang asing dijabarkan ke dalam Rupiahdengan menggunakan kurs yang berlaku padatanggal laporan posisi keuangan konsolidasian. Keuntungan dan kerugian selisih kurs yang timbuldari transaksi dalam mata uang asing dan daripenjabaran aset dan liabilitas moneter dalam matauang asing diakui pada laporan laba rugi danpenghasilan komprehensif lain konsolidasian tahunberjalan.
Transactions denominated in foreign currenciesare translated into Rupiah at the exchange rates prevailing at the date of the transaction.At the reporting date, monetary assets andliabilities denominated in foreign currencies aretranslate into Rupiah using the exchange ratesprevailing at the consolidated statements offinancial position date. Exchange gains and losses arising from transactionsin foreign currencies and from the translation offoreign currency monetary assets and liabilitiesare recognized in the current year consolidated statements of profit or loss and othercomprehensive income.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/12 Exhibit E/12
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
d. Transaksi dan Penjabaran Mata Uang Asing(Lanjutan)
d. Foreign Currency Transactions and Translations(Continued)
Kurs yang digunakan untuk menjabarkan aset danliabilitas moneter dalam mata uang asing padatanggal 31 Desember 2016 dan 2015 adalah sebagaiberikut:
The exchange rates used to translate the monetaryassets and liabilities denominated in foreigncurrencies as of 31 December 2016 and 2015 are as follows:
2 0 1 6 2 0 1 5
Dolar Amerika Serikat (USD) 13.436,00 13.795,00 United States Dollar (USD)Dolar Singapura (SGD) 9.298,92 9.751,19 Singapore Dollar (SGD)Ringgit Malaysia (MYR) 2.996,11 3.209,65 Malaysia Ringgit (MYR)
e. Kas dan Setara Kas e. Cash and Cash Equivalents
Kas terdiri dari kas dan bank. Setara kas adalahsemua investasi yang bersifat jangka pendek dansangat likuid yang dapat segera dikonversikanmenjadi kas penuh dengan jatuh tempo dalamwaktu tiga bulan atau kurang sejak tanggalpenempatannya, dan yang tidak dijaminkan sertatidak dibatasi penggunaannya.
Cash consists of cash on hand and cash in banks.Cash equivalents are liquid short term investmentswhich can be converted immediately into cash with an original maturity of three months or less from the date of placement, as long as they are notbeing pledged as collateral for borrowings norrestricted to use.
f. Piutang Usaha dan Non-usaha f. Trade and Non-trade Receivables
Piutang usaha dan non-usaha pada awalnya diakuisebesar nilai wajar dan selanjutnya diukur padabiaya perolehan diamortisasi dengan menggunakanmetode suku bunga efektif, kecuali efekdiskontonya tidak material, setelah dikurangiprovisi atas penurunan nilai.
Trade and non-trade receivables are recognizedinitially at fair value and subsequently measuredat amortised cost using the effective interestmethod, except where the effect of discountingwould be immaterial, less provision forimpairment.
Manajemen membentuk akun penyisihan kerugianpenurunan nilai dengan menelaah saldo piutangsecara individual pada saat terdapat bukti objektifbahwa saldo piutang tidak dapat ditagih. Ketikapiutang yang rugi penurunan nilainya telah diakui,tidak dapat ditagih pada periode selanjutnya,maka piutang tersebut dihapusbukukan denganmengurangi akun penyisihan. Piutang yangdiketahui tidak tertagih, dihapuskan dengan secaralangsung mengurangi nilai tercatatnya.
Management established an allowance account for impairment by reviewing receivables balancesindividually when there is objective evidence that the outstanding amounts may not be collected.When receivable for which an impairmentallowances had been recognised becomesuncollectible in a subsequent period, it is writtenoff against the allowances account. Receivablewhich are known to be uncollectible are writtenoff by reducing the carrying amount directly.
g. Beban Dibayar di Muka g. Prepaid Expenses
Beban dibayar di muka diamortisasi selama masamanfaat masing-masing biaya dengan menggunakanmetode garis lurus.
Prepaid expenses are amortized over theirbeneficial periods using the straight-line method.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/13 Exhibit E/13
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
h. Persediaan h. Inventories
Persediaan diakui sebesar nilai terendah antarabiaya perolehan atau nilai realisasi neto. Biayaperolehan terdiri dari biaya pembelian, dan biaya-biaya lain yang timbul sampai persediaan beradadalam kondisi dan lokasi saat ini.
Inventories are recognised at the lower of cost andnet realisable value. Cost comprises all costs ofpurchase, and other costs incurred in bringing theinventories to their present location and condition.
Nilai realisasi neto adalah taksiran harga jual dalamkegiatan usaha normal setelah dikurangi dengantaksiran biaya penyelesaian dan taksiran biaya yangdiperlukan untuk melaksanakan penjualan.
Net realisable value is the estimated sales price in the ordinary course of business, less estimatedcosts of completion and costs necessary to make the sale.
Penyisihan kerugian penurunan nilai untukpersediaan usang dan yang perputarannya lambatditentukan berdasarkan estimasi penggunaan atauharga jual masing-masing persediaan dimaksud dimasa yang akan datang.
Allowance for impairment losses of obsolete andslow moving inventory is determined on the basisof estimated future usage or sale of individualinventory items.
i. Aset Tetap i. Property and Equipment
Perusahan dan entitas anaknya mengadopsimetode biaya, dimana aset tetap, kecuali tanah,dinyatakan sebesar harga perolehan, dikurangiakumulasi penyusutan dan akumulasi penurunannilai, jika ada.
The Company and its subsidiaries adopts the cost model, in which property and equipment, exceptland, are stated at cost less accumulated depreciation and any impairment value, if any.
Penyusutan aset tetap, kecuali tanah, dihitungberdasarkan metode garis lurus selama masamanfaat ekonomis aset tetap sebagai berikut:
Depreciation of property and equipment, exceptland, is computed on a straight-line basis over the 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 berdasarkanbiaya perolehan dan tidak disusutkan.
Land and landrights are stated at cost and is notdepreciated.
Estimasi masa manfaat aset tetap ditentukanberdasarkan ekspektasi pemakaian dan pengalamanhistoris atas aset sejenis.
Estimated useful life of property and equipmentare determined based on expected usage and historical experience on the similar asset.
Biaya perolehan awal aset tetap meliputi hargaperolehan, termasuk bea impor dan pajakpembelian yang tidak boleh dikreditkan dan biaya-biaya yang dapat diatribusikan secara langsunguntuk membawa aset ke lokasi dan kondisi yangdiinginkan sesuai dengan tujuan penggunaan yangditetapkan.
The initial cost of property and equipment consists of its purchase price, including import duties andtaxes and any directly attributable costs inbringing the property and equipment to its workingcondition and location for its intended use.
Beban-beban yang timbul setelah aset tetapdigunakan, seperti beban perbaikan danpemeliharaan, dibebankan ke laba rugi padasaat terjadinya.
Expenditures incurred after the property andequipment have been put into operations, such asrepairs and maintenance costs, are normallycharged to the operations in the year such costsare incurred.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/14 Exhibit E/14
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
i. Aset Tetap (Lanjutan) i. Property and Equipment (Continued)
Apabila beban-beban tersebut menimbulkanpeningkatan manfaat ekonomis di masa datang daripenggunaan aset tetap tersebut yang dapatmelebihi kinerja normalnya, maka beban-bebantersebut dikapitalisasi sebagai tambahan biayaperolehan aset tetap.
In situations where it can be clearly demonstratedthat the expenditures have resulted in an increasein the future economic benefits expected to beobtained from the use of the property andequipment beyond its originally assessed standardof performance, the expenditures are capitalizedas additional costs of property and equipment.
Jumlah tercatat aset tetap dihentikanpengakuannya pada saat dilepaskan atau tidak adamanfaat ekonomis masa depan yang diharapkandari penggunaan atau pelepasannya. Aset tetapyang dijual atau dilepaskan, dikeluarkan darikelompok aset tetap berikut akumulasi penyusutanserta akumulasi penurunan nilai yang terkaitdengan aset tetap tersebut. Laba atau rugi yangtimbul dari penghentian pengakuan aset tetapditentukan sebesar perbedaan antara jumlah netohasil pelepasan, jika ada, dengan jumlah tercatatdari aset tetap tersebut, dan diakui dalam laporanlaba rugi dan penghasilan komprehensif lainkonsolidasian pada tahun terjadinya penghentianpengakuan.
An item of property and equipment is derecognizedupon disposal or when no future economic benefitsare expected from its use or disposal. When assetsare sold or retired, the cost and relatedaccumulated depreciation and any impairment lossare removed from the accounts. Any gains or lossarising from derecognition of property andequipment calculated as the difference between the net disposal proceed, if anys with the carrying amount of the item, is included in theconsolidated statements of profit or loss and othercomprehensive income in the year the item isderecognized.
Nilai tercatat aset tetap, umur manfaat, sertametode penyusutan ditelaah setiap akhir tahun dandilakukan penyesuaian apabila hasil telaah berbedadengan estimasi sebelumnya.
The carrying value of property and equipment,useful lives and depreciation method are reviewed and adjusted if not appropriate, at each financialyear end.
Aset dalam Pembangunan Construction in Progress
Aset dalam pembangunan dinyatakan berdasarkanbiaya perolehan termasuk biaya perolehan tanahdan akumulasi biaya pembangunan. Pada saatpembangunan tersebut selesai dan siap untukdigunakan, jumlah biaya yang terjadidiklasifikasikan ke akun “Aset Tetap” atau“Properti Investasi” sesuai peruntukannya.Penyusutan mulai dibebankan pada saat asettersebut siap digunakan.
Construction in progress is stated at cost. Costsinclude acquisition cost of land and accumulatedconstruction costs. When the construction iscompleted and ready for its intended use, thetotal cost incurred is reclassified to therelated “Property and Equipment” or “InvestmentProperty”, account. Depreciation is charged fromthe date when assets are ready to use.
j. Properti Investasi j. Investment Properties
Properti investasi adalah properti (tanah ataubangunan atau bagian dari suatu bangunan ataukedua-duanya) untuk menghasilkan sewa atau untukkenaikan nilai atau keduanya dan aset tetap dalamrangka bangun kelola dan alih. Properti investasidiukur sebesar nilai perolehan setelah dikurangiakumulasi penyusutan dan akumulasi kerugianpenurunan nilai.
Investment properties are properties (land or abuilding – or part of buiding – or both) held to earn rentals or for capital appreciation or both and properties under Build Operate Transfer (BOT)agreements. Investment properties are measuredat cost less accumulated depreciation and anyaccumulated impairment losses.
Penyusutan dihitung dengan menggunakan metodegaris lurus berdasarkan taksiran masa manfaatekonomis dari properti investasi berikut ini:
Depreciation is computed using the straight-line method based on the estimated useful lives of theinvestment properties as follows:
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/15 Exhibit E/15
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
j. Properti Investasi (Lanjutan) j. Investment Properties (Continued)
Masa manfaat (tahun)/ Useful lives (years) Bangunan 5 - 20 Buildings
Properti investasi dihentikan pengakuannya padasaat dilepaskan atau ketika properti investasi tidakdigunakan lagi secara permanen dan dan tidakmemiliki manfaat ekonomis di masa depan yangdiharapkan pada saat pelepasannya. Laba rugi yangtimbul dari penghentian dan pelepasan propertiinvestasi diakui dalam laporan laba rugi danpenghasilan komprehensif lain konsolidasian dalamtahun terjadinya penghentian atau pelepasantersebut. Properti dalam rangka bangun keloladan alih dihentikan pengakuannya pada saatpenyerahan kepada pemilik aset pada saatberakhirnya perjanjian dengan menghapus seluruhakun yang timbul berkaitan dengan aset yangbersangkutan.
Investment properties are derecognized upon disposal or when the investment properties are permanently withdrawn from use and no futureeconomic benefit is expected from its disposal. Anygains or losses on the retirement or disposal ofan investment property are recognised in theconsolidated statement profit or loss and othercomprehensive income in the year of retirement ordisposal. Properties under BOT agreements arederecognized upon transfer to asset holders at theend of BOT agreement period by reversing allaccounts related to the assets.
k. S e w a k. Leases
Sewa diklasifikasikan sebagai sewa pembiayaan jikasewa tersebut mengalihkan secara substansialseluruh risiko dan manfaat yang terkait dengankepemilikan aset. Sewa lainnya, yang tidakmemenuhi kriteria tersebut, diklasifikasikansebagai sewa operasi.
Leases are classified as finance leases wheneverthe terms of the lease transfer substantially all therisks and rewards of ownership to the lease. Allother leases are classified as operating leases.
Sebagai Lessor Dalam sewa pembiayaan, lessor mengakui asetberupa piutang sewa pembiayaan sebesar jumlahinvestasi sewa neto oleh Perusahaan dan entitasanaknya. Pengakuan penghasilan sewa pembiayaandialokasikan pada periode akuntansi yangmencerminkan suatu tingkat pengembalian periodikyang konstan atas investasi bersih lessor.
As Lessor In financial leases, lessor recorded amounts duefrom leases as receivable at the amount of the Company and its subsidiaries’ net investment inthe leases. Finance lease income is allocated toaccounting periods so as to reflect a constantperiodic rate of return on the net investmentoutstanding of the lessor.
Pendapatan sewa dari operasi diakui sebagaipendapatan dengan dasar garis lurus selama masasewa. Biaya langsung awal yang terjadi dalamproses negosiasi dan pengaturan sewa operasiditambahkan dalam jumlah tercatat aset sewaandan diakui dengan dasar garis lurus selama masasewa.
Rental income from operating leases is recognizedon the straight-line basis over the term of therelevant lease. Initial direct costs incurred innegotiation and arranging an operating lease areadded to the carrying amount of the leased assetand recognized on a straight-line basis over the lease term.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/16 Exhibit E/16
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
k. S e w a (Lanjutan) k. Leases (Continued)
Sebagai Lessee Aset pada sewa pembiayaan dicatat pada awalmasa sewa sebesar nilai wajar aset sewaanPerusahaan dan entitas anaknya yang ditentukanpada awal kontrak atau, jika lebih rendah, sebesarnilai kini dari pembayaran sewa minimum. Liabilitaskepada lessor disajikan di dalam laporan posisikeuangan konsolidasian sebagai liabilitas sewapembiayaan.
As Lessee Assets held under finance leases are initiallyrecognized as assets of the Company and itssubsidiaries at the fair value of the inception of the lease or, if lower, at the present value of theminimum lease payments. The correspondingliability to the lessor is included in theconsolidated statement of financial position as afinance lease obligations.
Pembayaran sewa operasi diakui sebagai bebandengan dasar garis lurus selama masa sewa, kecualiterdapat dasar sistematis lain yang dapat lebihmencerminkan pola waktu dari manfaat aset yangdinikmati pengguna. Sewa kontinjen diakui sebagaibeban di dalam periode terjadinya.
Operating lease payments are recognized as anexpense on a straight-line basis over the lease term, except where other systematic basis is more representative of the time pattern in whicheconomic benefits from the leased asset areconsumed. Contingent rentals arising under operating leases are recognized as an expense inthe period in which they are incurred.
Dalam hal insentif diperoleh dalam sewa operasi,insentif tersebut diakui sebagai liabilitas.Keseluruhan manfaat dari insentif diakui sebagaipengurangan dari biaya sewa dengan dasar garislurus kecuali terdapat dasar sistematis lain yanglebih mencerminkan pola waktu dari manfaat yangdinikmati pengguna.
In the event that lease incentives are received toenter into operating leases, such incentives are recognized as a liability. The aggregate benefit ofincentives is recognized as a reduction of rentalexpense on a straight-line basis, except where another systematic basis is more representative ofthe 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 menggunakanmetode garis lurus sepanjang periode sewa. Biayaamortisasi yang bersangkutan dibebankan padalaporan laba rugi dan penghasilan komprehensif lainkonsolidasian tahun berjalan.
Amount of land lease land is amortized usingstraight-line over their beneficial periods.Amortization expense charges to consolidatedstatement of profit or loss and othercomprehensive income for the year.
m. Aset dan Liabilitas Keuangan m. Financial Assets and Liabilities
Aset Keuangan Aset keuangan diklasifikasikan ke dalam kategori (i)aset keuangan yang diukur pada nilai wajar melaluilaporan laba rugi, (ii) pinjaman yang diberikan danpiutang, (iii) aset keuangan dimiliki hingga jatuhtempo, dan (iv) aset keuangan tersedia untukdijual.
Financial Assets Financial assets are classified in categories of (i)financial assets at fair value through profit or loss, (ii) loan and receivable, (iii) held-to-maturity financial assets, and (iv) available-for-sale financial assets.
Klasifikasi ini tergantung dari tujuan perolehan asetkeuangan tersebut. Manajemen menentukanklasifikasi aset keuangan tersebut pada saat awalpengakuannya.
The classification depends on the purpose forwhich the financial assets were acquired.Management determines the classification of itsfinancial assets at initial recognition.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/17 Exhibit E/17
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
m. Aset dan Liabilitas Keuangan (Lanjutan) m. Financial Assets and Liabilities (Continued)
Aset Keuangan (Lanjutan) Financial Assets (Continued)
(i) Aset keuangan yang diukur pada nilai wajarmelalui laporan laba rugi Aset keuangan yang diukur pada nilaiwajar melalui laporan laba rugi adalah asetkeuangan yang diperdagangkan. Aset keuangandiklasifikasikan sebagai aset keuangan yangdiperdagangkan jika perolehannya ditujukanuntuk dijual atau dibeli kembali dalamwaktu dekat dan terdapat bukti adanyakecenderungan ambil untung dalam jangkapendek. Perusahaan dan entitas anaknya memiliki asetkeuangan yang diukur pada nilai wajar melaluilaporan laba rugi yaitu meliputi aset keuanganlancar lainnya.
(i) Financial assets at fair value through profitor loss Financial assets measured at fair value through profit or loss and are financial assetsclassified as held for trading. A financial assets is classified as held for trading if it is acquired principally for the purpose of sellingor repurchasing it in the near term and for which there is evidence of a recent actual pattern of short-term profit taking.
The Company and its subsidiaries’ financial assets at fair value through profit or lossinclude other current financial assets.
(ii) Pinjaman yang diberikan dan piutang
Pinjaman yang diberikan dan piutangadalah aset keuangan non-derivatif denganpembayaran tetap atau telah ditentukan dantidak mempunyai kuotasi di pasar aktif.
(ii) Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinablepayments that are not quoted in an activemarket.
Pada saat pengakuan awal, pinjamanyang diberikan dan piutang diakui padanilai wajarnya ditambah nilai transaksi danselanjutnya diukur pada biaya perolehandiamortisasi dengan menggunakan metodesuku bunga efektif. Perusahaan dan entitas anaknya memilikipinjaman yang diberikan dan piutang meliputikas dan setara kas, piutang usaha dannon-usaha.
Loans and receivables are initially recognizedat fair value plus transaction costs andsubsequently measured at amortised costusing the effective interest rate method. The Company and its subsidiaries’ loans andreceivables include cash and cash equivalents,trade and non-trade receivables.
(iii) Aset keuangan dimiliki hingga jatuh tempo
Aset keuangan yang dimiliki hingga jatuhtempo adalah aset keuangan non-derivatifdengan pembayaran tetap atau telahditentukan dan jatuh temponya telahditetapkan, serta manajemen mempunyaiintensi positif dan kemampuan untuk memilikiaset keuangan tersebut hingga jatuh tempo,kecuali:
(iii) Held-to-maturity financial assets Held-to-maturity financial assets are non-derivative financial assets with fixedor determinable payments and fixed maturitythat the management has positive intentionand ability to hold to maturity, other than:
a. investasi yang pada saat pengakuan awal
ditetapkan sebagai aset keuangan yangdiukur pada nilai wajar melalui laporanlaba rugi konsolidasian;
a. those that upon initial recognitiondesignates as at fair value through consolidated statement of profit or loss;
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/18 Exhibit E/18
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(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 Aset keuangan yang dimiliki hingga jatuhtempo adalah aset keuangan non-derivatifdengan pembayaran tetap atau telahditentukan dan jatuh temponya telahditetapkan, serta manajemen mempunyaiintensi positif dan kemampuan untuk memilikiaset keuangan tersebut hingga jatuh tempo,kecuali: (Lanjutan)
(iii) Held-to-maturity financial assets Held-to-maturity financial assets are non-derivative financial assets with fixedor determinable payments and fixed maturitythat the management has positive intentionand ability to hold to maturity, other than:(Continued)
b. investasi yang ditetapkan dalam kelompok
tersedia untuk dijual; dan b. those that designated as available for sale;
and
c. investasi yang memiliki definisi pinjamanyang diberikan dan piutang.
c. those that meet the definition of loan andreceivable.
Perusahaan dan entitas anaknya tidak memilikiaset keuangan dimiliki hingga jatuh tempo.
(iv) Aset keuangan tersedia untuk dijual
Aset keuangan tersedia untuk dijual adalahaset keuangan non-derivatif yang ditetapkansebagai tersedia untuk dijual atau yangtidak diklasifikasikan dalam tiga kategorisebelumnya.
The Company and its subsidiaries have noheld-to-maturity financial assets.
(iv) Available-for-sale financial assets
Available-for-sale financial assets are non-derivative financial assets designated asavailable-for-sale or not classified in thethree previous categories.
Setelah pengukuran awal, aset keuangantersedia untuk dijual diukur dengan nilai wajardengan keuntungan atau kerugian yang belumterealisasi diakui dalam ekuitas sampaiinvestasi tersebut dihentikan pengakuannya.Pada saat itu, keuntungan atau kerugiankumulatif yang sebelumnya diakui dalamekuitas akan direklasifikasi ke laporan labarugi sebagai penyesuaian reklasifikasi.
After initial measurement, available-for-sale financial assets are measured at fair valuewith unrealized gains or losses recognized inequity until the investment is derecognized. At that time, the cumulative gain or loss previously recognized in equity will be reclassified to consolidated statement of comprehensive income as a reclassification adjustment.
Perusahaan dan entitas anaknya tidak memilikiaset keuangan tersedia untuk dijual.
The Company and its subsidiaries have noavailable-for-sale financial assets.
Penurunan nilai aset keuangan Aset keuangan dievaluasi terhadap indikatorpenurunan nilai pada setiap tanggal pelaporan. Asetkeuangan diturunkan nilainya bila terdapat buktiobjektif, sebagai akibat dari satu atau lebihperistiwa yang terjadi setelah pengakuan awal asetkeuangan, dan peristiwa yang merugikan tersebutberdampak pada estimasi arus kas masa depan atasaset keuangan yang dapat diestimasi secara handal.
Impairment of financial assets Financial assets are assessed for indicators ofimpairment at each reporting date. Financialassets are impaired when there is objectiveevidence that, as a result of one or more events that occurred after the initial recognition of thefinancial asset, the estimated future cash flows ofthe investment have been affected.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/19 Exhibit E/19
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
m. Aset dan Liabilitas Keuangan (Lanjutan) m. Financial Assets and Liabilities (Continued)
Aset Keuangan (Lanjutan) Financial Assets (Continued)
Penurunan nilai aset keuangan (Lanjutan) Impairment of financial assets (Continued)
Bukti objektif penurunan nilai termasuk sebagaiberikut: (i) kesulitan keuangan signifikan yang dialami
penerbit atau pihak peminjam; atau (ii) pelanggaran kontrak, seperti terjadinya
wanprestasi atau tunggakan pembayaran pokokatau bunga; atau
(iii) terdapat kemungkinan bahwa pihak peminjamakan dinyatakan pailit atau melakukanreorganisasi keuangan.
Objective evidence of impairment could include: (i) significant financial difficulty of the issuer or
counterparty; or (ii) default or delinquency in interest or principal
payments; or (iii) it becomes probable that the borrower
will enter bankruptcy or financialre-organization.
Penghentian pengakuan aset keuangan Perusahaan dan entitas anaknya menghentikanpengakuan aset keuangan jika dan hanya jika hakkontraktual atas arus kas yang berasal dari asetberakhir, atau Perusahaan dan entitas anaknyamentransfer aset keuangan dan secara substansialmentransfer seluruh risiko dan manfaat ataskepemilikan aset kepada entitas lain.
Derecognition of financial assets The Company and its subsidiaries derecognizes afinancial asset only when the contractual rights tothe cash flows from the asset expire, or theCompany and its subsidiaries transfers thefinancial asset and substantially all the risks andrewards of ownership of the asset to anotherentity.
Jika Perusahaan dan entitas anaknya tidakmengalihkan serta tidak memiliki secarasubstansial atas seluruh risiko dan manfaatkepemilikan serta masih mengendalikan aset yangditransfer, maka Perusahaan dan entitas anaknyamengakui keterlibatan berkelanjutan atas asetyang ditransfer dan liabilitas terkait sebesarjumlah yang mungkin harus dibayar. JikaPerusahaan dan entitas anaknya memiliki secarasubstansial seluruh risiko dan manfaat kepemilikanaset keuangan yang ditransfer, Perusahaan danentitas anaknya masih mengakui aset keuangan danjuga mengakui pinjaman yang dijamin sebesarpinjaman yang diterima.
If the Company and its subsidiaries neithertransfers nor retains substantially all the risks andrewards of ownership and continues to control thetransferred asset, the Company and itssubsidiaries recognizes their retained interest inthe asset and an associated liability for amountsthey may have to pay. If the Company and its subsidiaries retains substantially all the risks andrewards of ownership of a transferred financialasset, the Company and its subsidiaries continuesto recognize the financial asset and also recognizea collateralised borrowing for the proceeds received.
Liabilitas Keuangan Liabilitas keuangan dikelompokkan ke dalamkategori (i) liabilitas keuangan yang diukur padanilai wajar melalui laporan laba rugi dan (ii)liabilitas keuangan yang diukur dengan biayaperolehan diamortisasi.
Financial Liabilities Financial liabilities are classified in the followingcategories of (i) financial liabilities at fair value through profit or loss and (ii) financial liabilities measured at amortized cost.
(i) Liabilitas keuangan yang diukur pada nilai
wajar melalui laporan laba rugi (i) Financial liabilities at fair value through
profit or loss
Liabilitas keuangan yang diukur pada nilaiwajar melalui laporan laba rugi adalahliabilitas keuangan yang diperdagangkan.
Financial liabilities measured at fair valuethrough profit or loss are financial liabilities that are held for trading.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/20 Exhibit E/20
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(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 nilaiwajar melalui laporan laba rugi (Lanjutan)
(i) Financial liabilities at fair value throughprofit or loss (Continued)
Liabilitas keuangan diklasifikasikan sebagailiabilitas keuangan yang diperdagangkanjika perolehannya ditujukan untuk dijual ataudibeli kembali dalam waktu dekat danterdapat bukti adanya kecenderungan ambiluntung dalam jangka pendek. Utang derivatifdikategorikan sebagai liabilitas keuangan yangdiperdagangkan kecuali ditetapkan dan efektifsebagai instrumen lindung nilai.
A financial liability is classified as held fortrading if it is acquired or incurred principallyfor the purpose of selling or repurchasing it inthe near term and for which there is evidenceof a recent actual pattern of short-term profit-taking. Derivatives are also categorizedas held for trading unless they are designated and effective as hedging instruments.
Perusahaan dan entitas anaknya tidak memilikiliabilitas keuangan yang diukur pada nilaiwajar melalui laporan laba rugi.
The Company and its subsidiaries’ have no financial liabilities at fair value through profit or loss.
(ii) Liabilitas keuangan yang diukur dengan biaya
perolehan diamortisasi Liabilitas keuangan yang tidak diklasifikasikansebagai liabilitas keuangan yang diukur padanilai wajar melalui laporan laba rugidiklasifikasikan dalam kategori ini dan diukurpada biaya perolehan diamortisasi. Perusahaandan entitas anaknya memiliki Liabilitaskeuangan yang diukur pada biaya perolehandiamortisasi meliputi utang usaha, utang non-usaha, utang sewa pembiayaan, beban akrualdan utang bank.
(ii) Financial liabilities at amortized cost Financial liabilities not classified as financial liabilities at fair value through profit orloss are classified in this category and are measured at amortized cost. The Companyand its subsidiaries have financial liabilitiesmeasured at amortized cost including trade payable, non-trade payable, finance lease liabilities, accruals and bank loans.
Saling Hapus Instrumen Keuangan Aset dan liabilitas keuangan disalinghapuskan danjumlah netonya dilaporkan pada laporan posisikeuangan konsolidasian ketika terdapat hak yangberkekuatan hukum untuk melakukan saling hapusatas jumlah yang telah diakui tersebut dan adanyaniat untuk merealisasikan aset dan menyelesaikanliabilitas secara simultan.
Offsetting Financial Instruments Financial assets and liabilities are offset and the net amount is reported in the consolidated financial position when there is a legallyenforceable right to offset the recognized amountsand there is an intention to settle on a net basis,or realize the assets and settle the liability simultaneously.
n. Penurunan Nilai Aset Non-Keuangan n. Impairment of Non-financial Assets
Pada tanggal pelaporan, Perusahaan dan entitasanaknya menelaah nilai tercatat aset non-keuanganuntuk menentukan apakah terdapat indikasi bahwaaset tersebut telah mengalami penurunan nilai.Jika terdapat indikasi tersebut, nilai yang dapatdiperoleh kembali dari aset diestimasi untukmenentukan tingkat kerugian penurunan nilai.
At the reporting date, the Company and itssubsidiaries reviews the carrying amount of non-financial assets to determine whether there is anyindication that those assets have suffered animpairment loss. If such indication exists, therecoverable value of the asset is estimated todetermine 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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
n. Penurunan Nilai Aset Non-Keuangan (Lanjutan) n. Impairment of Non-financial Assets (Continued)
Bila tidak memungkinkan untuk mengestimasinilai yang dapat diperoleh kembali atas suatuaset individu, Perusahaan dan entitas anaknyamengestimasi nilai yang dapat diperoleh kembalidari unit penghasil kas atas aset.
If it is not possible to estimate the recoverableamount of an individual asset, the Company and itssubsidiaries estimates the recoverable value of thecash generating unit to an asset.
Perkiraan jumlah yang dapat diperoleh kembaliadalah nilai tertinggi antara nilai wajar dikurangibiaya untuk menjual atau nilai pakai. Jika jumlahyang dapat diperoleh kembali dari aset non-keuangan (unit penghasil kas) kurang dari nilaitercatatnya, nilai tercatat aset (unit penghasil kas)dikurangi menjadi sebesar nilai yang dapatdiperoleh kembali dan rugi penurunan nilai diakuilangsung ke laba rugi.
Estimated recoverable amount is the higher of fairvalue less cost to sell or value in use. If therecoverable amount of a non-financial asset (cash generating unit) is less than its carrying amount,the carrying amount of the asset (cash generatingunit) is reduced to its recoverable amount and animpairment loss is recognized immediately againstearnings.
Goodwill diuji penurunan nilai setiap tahun danketika terdapat suatu indikasi bahwa nilaitercatatnya mungkin mengalami penurunan nilai.Penurunan nilai bagi goodwill ditetapkan denganmenentukan jumlah tercatat tiap Unit PenghasilKas (UPK) terkait dengan goodwill tersebut. Jikajumlah terpulihkan UPK kurang dari jumlahtercatatnya, rugi penurunan nilai diakui. Rugipenurunan nilai terkait goodwill tidak dapat dibalikpada periode berikutnya.
Goodwill is tested for impairment annually andwhen circumstances indicate that the carrying value may be impaired. Impairment is determinedfor goodwill by assessing the recoverable amountof each Cash Generating Unit (CGU) to whichgoodwill relates. Where the recoverable amount ofthe CGU is less than its carrying amount, an impairment loss is recognised impairment lossesrelating to goodwill cannot be reversed in futureperiod.
Manajemen berkeyakinan bahwa tidak terdapatindikasi atas kemungkinan penurunan potensial atasnilai aset non-keuangan pada tanggal laporankeuangan.
Management believes that there is no indication ofpotential impairment in values of non financialassets at financial statement date.
o. Pinjaman o. Loans
Pinjaman merupakan dana yang diterima dari bankatau pihak lain dengan kewajiban pembayarankembali sesuai dengan persyaratan perjanjianpinjaman.
Loan are funds received from banks or otherparties with the obligation to repay the loan inaccordance with the terms of the agreement.
Pada saat pengakuan awal, pinjaman diakui sebesarnilai wajar, dikurangi dengan biaya-biaya transaksiyang terjadi. Selanjutnya, pinjaman diukur padabiaya perolehan diamortisasi dengan menggunakanmetode suku bunga efektif.
Borrowing are initially recognised at fair value, net of transaction costs incurred. Subsequently,borrowings are stated at amortised cost using the effective interest method.
Pinjaman yang diterima diklasifikasikan sebagailiabilitas keuangan yang diukur dengan biayaperolehan diamortisasi. Biaya tambahan yang dapatdiatribusikan secara langsung dengan perolehanpinjaman dikurangkan dari jumlah pinjaman yangditerima. Lihat Catatan 2m untuk kebijakanakuntansi atas liabilitas keuangan yang diukur padabiaya perolehan diamortisasi.
Loan are classified as financial liabilities measuredby amortized cost. Transaction costs that aredirectly attributable to the acquisition of loan arededucted from the loan amount received. SeeNote 2m for the accounting policy for financialliabilities measured at amortized cost.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/22 Exhibit E/22
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
p. Kombinasi Bisnis Entitas Sepengendali p. Business Combination of entities under commoncontrol
Kombinasi bisnis entitas sepengendali dibukukanmenggunakan metode penyatuan kepemilikan(pooling-of-interest). Selisih antara harga konsiderasi yang diterimadengan nilai tercatat setiap transaksi restrukturisasiantara entitas sepengendali dibukukan sebagaibagian tambahan modal disetor dalam bagianekuitas di laporan posisi keuangan konsolidasian.
Business combination of entities under common control are accounted for using the pooling-of-interest method. The difference between the consideration receivedand the carrying value of each restructuring transaction among entities under common controlis recorded as part of additional paid-in capital in the equity section of the consolidated statement offinancial position.
q. Pengakuan Pendapatan dan Beban q. Revenue and Expenses Recognition
Pendapatan diukur pada nilai wajar imbalan yangditerima atau yang dapat diterima. Pendapatanhotel dan hunian kamar diakui pada tanggalterhuninya dan untuk pendapatan hotel lainnyadiakui pada saat barang atau jasa diserahkankepada pelanggan.
Revenue is measured at the fair value of theconsideration received or reveivable. Hotel room revenue is recognized based on room occupancywhile other hotel revenues are recognized whenthe goods are delivered or the services rendered tothe customers.
Pendapatan sewa diakui sejalan berlalunya waktuatau selama periode sewa atau penggunaan asetyang bersangkutan. Pendapatan lainnya diakuipada saat penyerahan barang dan jasa kepadapelanggan.
Rental revenue is recognized along the passage of time or over the lease or use of the asset. Otherrevenues are recognised upon delivery of goods andservices to customers.
Uang muka sewa yang diterima dari penyewadicatat ke dalam akun pendapatan diterima dimuka dan akan diakui sebagai pendapatan secaraberkala sesuai dengan periode kontrak sewa yangberlaku.
Rental revenue received in advance are recorded asunearned income and recognized as income regularly over the rental periods.
Beban diakui pada saat terjadinya (accrual basis). Expenses are recognized when incurred (accrual
basis).
r. Perpajakan r. Taxation
Pajak Kini dan Pajak Tangguhan Current Tax and Deferred Tax
Beban pajak penghasilan terdiri dari pajakpenghasilan kini dan pajak tangguhan. Pajak diakuidalam dalam laporan laba rugi konsolidasian,kecuali jika pajak tersebut terkait dengan transaksiatau kejadian yang diakui di pendapatankomprehensif lain atau langsung diakui ke ekuitas.
Income tax expenses comprises current anddeferred income tax. Tax are recognized in theconsolidated statement of profit or loss, except to the extent that it relates to item recognized inother comprehensive income or directly in equity..
Beban pajak kini ditentukan berdasarkan laba kenapajak dalam tahun yang bersangkutan yang dihitungberdasarkan tarif pajak dan undang-undang pajakyang berlaku pada tanggal pelaporan. Aset danliabilitas pajak kini diukur sebesar nilai yangdiharapkan dapat terpulihkan atau dibayar.
Current tax expense is determined based on thetaxable profit for the year, using the tax rates andtax laws that have been enacted or substantiallyenacted at the reporting tax. Current tax assets and liabilities are measured at the amount expected to be recovered or paid.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/23 Exhibit E/23
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
r. Perpajakan (Lanjutan) r. Taxation (Continued)
Pajak Kini dan Pajak Tangguhan (Lanjutan) Current Tax and Deferred Tax (Continued)
Aset dan liabilitas pajak tangguhan diakui ataskonsekuensi pajak periode mendatang yang timbuldari perbedaan jumlah tercatat aset dan liabilitasmenurut laporan keuangan konsolidasian dengandasar pengenaan pajak aset dan liabilitas. Liabilitaspajak tangguhan diakui untuk semua perbedaantemporer kena pajak dan aset pajak tangguhandiakui untuk perbedaan yang boleh dikurangkan,sepanjang besar kemungkinan dapat dimanfaatkanuntuk mengurangi laba kena pajak pada masamendatang.
Deferred tax assets and liabilities are recognizedas a future period tax consequences resulting fromdifferences of carrying value between assets andliabilities based on the consolidated financialstatements with tax base of assets and liabilities.Deferred tax liabilities are recognized for alltaxable temporary differences and deferred taxassets are recognized for deductible differences,when it is probable to be used against futuretaxable income.
Pajak tangguhan diukur dengan menggunakan tarifpajak yang berlaku atau secara substansial telahberlaku pada tanggal pelaporan. Pajak tangguhandibebankan atau dikreditkan dalam laporan labarugi konsolidasian tahun berjalan kecuali pajaktangguhan yang dibebankan atau dikreditkanlangsung ke ekuitas.
Deferred tax is calculated at the tax rates thathave been enacted or substantially enacted at thereporting date. Deferred tax is charged or creditedto the current year’s consolidated statements ofprofit or loss, except deferred tax which is chargedor credited directly to equity.
Jumlah tercatat aset pajak tangguhan dikaji ulangpada akhir periode pelaporan dan dikurangi jumlahtercatatnya jika kemungkinan besar laba kenapajak tidak lagi tersedia dalam jumlah yangmemadai untuk mengkompensasikan sebagian atauseluruh aset pajak tangguhan tersebut.
The carrying amount of deferred tax asset is reviewed at the end of each reporting period andreduced to the extent that it is no longer probablethat sufficient taxable profits will be available toallow all or part of the asset to be recovered.
Pajak Final Final Tax
Peraturan pajak di Indonesia mengatur beberapajenis penghasilan yang dikenakan pajak yangbersifat final. Pajak final yang dikenakan atas nilaibruto transaksi tetap dikenakan walaupun atastransaksi tersebut pelaku transaksi mengalamikerugian.
Tax regulation in Indonesia determined thatcertain taxable income is subject to final tax. Finaltax applied to the gross value of transactions isapplied even when the parties carrying thetransaction recognising losses.
Mengacu pada revisi PSAK 46, pajak final tersebuttidak termasuk dalam lingkup yang diatur olehPSAK 46. Oleh karena itu, Perusahaan dan entitasanaknya meyajikan beban pajak final sehubungandengan penghasilan yang menjadi obyek pajak finalsebagai bagian dari beban usaha.
Referring to revised PSAK 46, final tax is no longergoverned by PSAK 46. Therefore, the Company andits subsidiaries has decided to present all of thefinal tax arising from revenues subject to final taxas part of operating expenses.
Berdasarkan Peraturan Pemerintah No. 5 tanggal23 Maret 2002, penghasilan dari sewa pusat niagadikenakan pajak final sebesar 10% kecuali untukkontrak sewa yang ditandatangani sebelumperaturan tersebut yang dikenakan pajak 6%.
Based on Government Regulation No. 5 dated23 March 2002, income from shopping center rentalis subject to a final tax of 10%, except for incomeon rental contracts signed prior to such regulationwhich is subject to 6%.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/24 Exhibit E/24
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
s. Imbalan Pasca-Kerja s. Post-employment Benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek diakui pada saatterutang kepada karyawan berdasarkan metodeakrual.
Short-term employee benefits which are recognised when they accrue to the employees.
Imbalan pensiun dan imbalan pasca-kerja lainnya Pension benefits and other post-employment
benefits
Perusahaan dan entitas anaknya mengakui imbalankerja jangka pendek berdasarkan metode akrualsesuai dengan Undang-Undang KetenagakerjaanNo. 13/2003 tanggal 25 Maret 2003.
The Company and its subsidiaries recognized anunfunded employee benefits liability in accordancewith Labor Law No. 13/2003 dated 25 March 2003.
Liabilitas imbalan pasca-kerja merupakan nilai kiniliabilitas imbalan pasti pada tanggal pelaporan danpenyesuaian atas keuntungan atau kerugianaktuarial. Perhitungan liabilitas imbalan pasca-kerja menggunakan metode Projected Unit Creditoleh aktuaris independen.
The pension benefit obligation is the present valueof the defined benefit obligation at the reportingdate together with adjustments for actuarial gainor losses. The cost of providing post-employment benefits obligation is determined using the Projected Unit Credit method by an independent actuary.
Nilai kini liabilitas imbalan pasti ditentukan denganmendiskontokan estimasi arus kas di masa depandengan menggunakan tingkat bunga obligasipemerintah jangka panjang pada tanggal pelaporandan memiliki jangka waktu yang sama denganliabilitas imbalan pensiun yang bersangkutan.
The present value of the defined benefit obligationis determined by discounting the estimated futurecash outflows using the yield at the reporting dateof long-term government bonds and that haveterms to maturity similar to the related pension obligation.
Keuntungan atau kerugian aktuaria yang timbul daripenyesuaian dan perubahan dalam asumsi-asumsiaktuarial yang jumlahnya dibebankan ataudikreditkan di penghasilan komprehensif lainnyasebesar nilai yang timbul pada periode tersebut.
Actuarial gains or losses arising from experience adjustment and changes in actuarial assumptions are charged or credited to equity in othercomprehensive income in the period in which they arise.
Biaya jasa lalu akan diakui segera dalam laporanlaba rugi konsolidasian.
The past service costs are recognized immediatelyin consolidated statement of profit or loss.
Keuntungan dan kerugian dari kurtailmen ataupenyelesaian kewajiban imbalan pasti diakui ketikakurtailmen atau penyelesaian tersebut terjadi.
Gains or losses on the curtailment or settlement ofthe defined benefit obligation are recognized whenthe curtailment or settlement occurs.
Perusahaan dan entitas anak memberikan imbalanpasca-kerja lainnya, seperti uang penghargaan danuang pisah. Imbalan berupa uang penghargaandiberikan apabila karyawan bekerja hinggamencapai usia pensiun. Sedangkan imbalan berupauang pisah, dibayarkan kepada karyawan yangmengundurkan diri secara sukarela, setelahmemenuhi minimal masa kerja tertentu. Imbalanini dihitung dengan menggunakan metodologi yangsama dengan metodologi yang digunakan dalamperhitungan pensiun imbalan pasti.
The Company and its subsidiaries also providesother post-employment benefits, such as servicepay and separation pay. The service pay benefit vests when the employees reach their retirementage. The separation pay benefit is paid toemployees in the case of voluntary resignation,subject to a minimum number of years of services.These benefits have been accounted for using thesame methodolody to compute defined benefitpension plan.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/25 Exhibit E/25
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
t. Provisi t. Provisions
Provisi diakui apabila Perusahaan dan entitasanaknya mempunyai kewajiban hukum ataukonstruktif di masa kini sebagai akibat darikejadian di masa lalu; dan besar kemungkinanPerusahaan dan entitas anaknya diharuskanmenyelesaikan kewajiban tersebut dapat diestimasisecara handal. Provisi tidak diakui untuk kerugianoperasi masa depan.
Provisi diukur sebesar nilai kini pengeluaran yangdiharapkan diperlukan untuk menyelesaikankewajiban dengan menggunakan tingkat bungasebelum pajak yang mencerminkan penilaian pasaratas nilai waktu uang dan risiko yang terkait dengankewajiban. Peningkatan provisi karena berjalannyawaktu diakui sebagai biaya keuangan.
Provisions are recognised when the Company and its subsidiaries have a present legal or constructive obligation as a result of past events; it is probable that the outflow of resources will be required to settle the obligation and the amount can’t be estimated reliably. Provisions are not recognised for future operating losses. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to the passage of time is recognised as an interest expense.
u. Kuasi-Reorganisasi u. Quasi-Reorganization
Kuasi-reorganisasi merupakan prosedur akuntansiyang mengatur entitas merestrukturisasi ekuitasnyadengan mengeliminasi defisit dan menilai kembaliseluruh aset dan liabilitas pada nilai wajar. Denganmelakukan prosedur ini, entitas diharapkan dapatmelanjutkan usahanya seperti baru, dengan laporanposisi keuangan konsolidasian yang menunjukkanposisi keuangan yang lebih baik tanpa defisit darimasa lampau.
A quasi-reorganization is an accounting procedurewhich enables an entity to restructure its equity byeliminating its deficits and reappraising all itsassets and liabilities at fair value. By thisprocedure, the entity is expected to continueits business as if it was a fresh start, with aconsolidated statement of financial positionshowing a better financial position with no pastdeficit.
Nilai wajar aset dan liabilitas ditentukanberdasarkan nilai pasar. Bila nilai pasar tidaktersedia, estimasi nilai pasar didasarkan padainformasi terbaik yang tersedia. Estimasi nilai wajardilakukan dengan mempertimbangkan harga asetsejenis dan teknik penilaian yang paling sesuaidengan karakteristik aset dan liabilitas yangbersangkutan, antara lain metode nilai kini danarus kas diskonto.
The fair values of assets and liabilities aredetermined based on market values. If the marketvalues is unavailable, the estimated fair value isdetermined using the best information available.The estimates of the fair values put intoconsideration prices of the similar type of assetsand a valuation technique most suitable to thecharacteristics of the related assets and liabilities, among others, presents value method anddiscounted cash flows method.
Perusahaan dan entitas anaknya menentukan nilaiwajar aset dan liabilitas berdasarkan hasil penilaiandari penilai independen.
The Company and its subsidiaries determined thevalue of assets and liabilities based on the appraisal result from an independent appraiser.
Seperti yang dijelaskan pada Catatan 36,Perusahaan melakukan kuasi-reorganisasi padatanggal 31 Juli 2009, dimana saldo defisitPerusahaan sebesar Rp 31.224 juta, dieliminasi kesaldo penilaian kembali aset dan liabilitas.PT Indonesian Paradise Island, entitas anak,melakukan kuasi-reorganisasi pada tanggal31 Desember 2011 dengan mengeliminasi saldodefisit.
As discussed in Note 36, the conducted quasi-reorganization as of 31 July 2009, in which the deficit of the Company amounted to Rp 31,224 million, is eliminated to the revaluation incrementof assets and liabilities. PT Indonesian Paradise Island, a subsidiary, conducted quasireorganization for the financial position as at31 December 2011 by eliminated deficit balance.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/26 Exhibit E/26
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN
(Lanjutan) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
v. Laba per Saham Dasar v. Basic Earnings per Share
Laba per saham dasar dihitung dengan membagilaba bersih tahun berjalan yang dapat diatribusikankepada pemilik entitas induk dengan jumlah rata-rata tertimbang saham yang beredar selama tahunberjalan.
Basic earnings per share is computed by dividingnet income for the year attributable to owners ofthe Company by the weighted average number ofshares outstanding during the year.
Perusahaan dan entitas anaknya tidak mempunyaiefek berpotensi saham biasa yang bersifat dilutivepada tanggal-tanggal 31 Desember 2016 dan 2015,dan oleh karenanya, laba per saham dilusian tidakdihitung dan disajikan pada laporan laba rugi danpenghasilan komprehensif lain konsolidasian.
The Company and its subsidiaries have no outstanding dilutive potential ordinary shares asof 31 December 2016 and 2015, and accordingly, no diluted earnings per share is calculated andpresented in the consolidated statements of profit or loss and other comprehensive income.
w. Dividen w. Dividend
Pembagian dividen final diakui saat dividentersebut disetujui dalam Rapat Umum PemegangSaham.
Final dividend distribution are recognized whenthe dividends are approved in the Company’sGeneral Meeting of the Shareholders.
x. Informasi Segmen x. Segment information
Segmen operasi diidentifikasi berdasarkan laporaninternal mengenai komponen dari Perusahaan danentitas anaknya yang secara regular direviu oleh“pengambil keputusan operasional” dalam rangkamengalokasikan sumber daya dan menilai kinerjasegmen operasi.
Operating segments to be identified on the basisof internal reports about components of theCompany and its subsidiaries that are regularly reviewed by “the chief operating decision maker”in order to allocate resources to the segments andto 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
memperoleh pendapatan dan menimbulkanbeban (termasuk pendapatan dan beban terkaitdengan transaksi dengan komponen lain darientitas yang sama);
a) that engages in business activities which itmay earn revenue and incur expenses(including revenue and expenses relating to thetransaction with other components of the sameentity);
b) yang hasil operasinya dikaji ulang secararegular oleh pengambil keputusan operasionaluntuk membuat keputusan tentang sumberdaya yang dialokasikan pada segmen tersebutdan menilai kinerjanya; dan
b) whose operating results are reviewed regularly by the entity’s chief operating decision maker to make decision about resources to be allocated to the segments and assess its performance; and
c) dimana tersedia informasi keuangan yang
dapat dipisahkan. c) for which discrete financial information is
available.
Perusahaan dan entitas anaknya mengungkapkansegmen operasionalnya berdasarkan segmen usahayang meliputi segmen geografis dan bisnis.
The Company and its subsidiaries discloses its operating segments based on operating segment that consist of geographical and business segment.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/27 Exhibit E/27
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI
SIGNIFIKAN 3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATION
AND ASSUMPTIONS
Penyusunan laporan keuangan konsolidasianPerusahaan dan entitas anaknya mengharuskanmanajemen untuk membuat pertimbangan, estimasidan asumsi yang mempengaruhi jumlah yangdilaporkan dari pendapatan, beban, aset dan liabilitas,dan pengungkapan atas liabilitas kontijensi, pada akhirperiode pelaporan. Ketidakpastian mengenai asumsidan estimasi tersebut dapat mengakibatkanpenyesuaian material terhadap nilai tercatat aset danliabilitas dalam periode pelaporan berikutnya.
The preparation of the Company and its subsidiaries’ consolidated financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities, at the end of the reporting period. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset and liability affected in future periods.
Estimasi dan Asumsi Asumsi utama masa depan dan sumber utama estimasiketidakpastian lain pada tanggal pelaporan yangmemiliki risiko signifikan bagi penyesuaian yangmaterial terhadap nilai tercatat aset dan liabilitasuntuk tahun berikutnya diungkapkan di bawah ini.Perusahaan dan entitas anaknya mendasarkan asumsidan estimasi pada parameter yang tersedia pada saatlaporan keuangan konsolidasian disusun. Asumsi dansituasi mengenai perkembangan masa depan mungkinberubah akibat perubahan pasar atau situasi di luarkendali Perusahaan dan entitas anaknya. Perubahantersebut dicerminkan dalam asumsi terkait pada saatterjadinya.
Estimates and Assumptions The key assumptions concerning the future and otherkey sources of estimation uncertainty at the reportingdate that have a significant risk of causing a materialadjustment to the carrying amounts of assets andliabilities within the next financial year are disclosed below. The Company and its subsidiaries based itsassumptions and estimates on parameters availablewhen the consolidated financial statements were prepared. Existing circumstances and assumptionsabout future developments may change due to market changes or circumstances arising beyond the control of the Company and its subsidiaries. Such changes arereflected in the assumptions when they occur.
Penyusutan Aset Tetap Biaya perolehan aset tetap disusutkan denganmenggunakan metode garis lurus berdasarkan taksiranmasa manfaat ekonomisnya. Manajemen mengestimasimasa manfaat ekonomis aset tetap antara 4 sampai40 tahun.
Depreciation of Property and Equipment The costs of property and equipment are depreciatedon a straight-line method over their estimated usefullives. Management estimates the useful lives of theseproperty and equipment to be within 4 to 40 years.
Ini adalah umur yang secara umum diharapkan dalamindustri di mana Perusahaan dan entitas anaknyamenjalankan bisnisnya. Perubahan tingkat pemakaiandan perkembangan teknologi dapat mempengaruhimasa manfaat ekonomis dan nilai sisa aset, dankarenanya biaya penyusutan masa depan mungkindirevisi. Nilai tercatat bersih atas aset tetapPerusahaan dan entitas anaknya pada tanggal31 Desember 2016 dan 2015 masing-masing sebesarRp 1.490.722.373.782 dan Rp 1.870.640.651.661Penjelasan lebih rinci diungkapkan dalam Catatan 10.
These are common life expectancies applied in theindustries where the Company and its subsidiariesconducts its businesses. Changes in the expected levelof usage and technological development could impactthe economic useful lives and the residual values ofthese assets, and therefore future depreciationcharges could be revised. The net carrying amount of the Company and its subsidiaries’ property andequipment as of 31 December 2016 and 2015were Rp 1,490,722,373,782 and Rp 1,870,640,651,661,respectively. Further details are disclosed in Note 10.
Imbalan Pasca-kerja Penentuan liabilitas imbalan pasca-kerja tergantungpada pemilihan asumsi tertentu yang digunakan olehakutaris dalam menghitung jumlah liabilitas tersebut.Asumsi tersebut termasuk antara lain tingkat diskontodan kenaikan gaji. Realisasi yang berbeda dari asumsiPerusahaan dan entitas anaknya diakumulasi dandiamortisasi selama periode mendatang dan akibatnyaakan berpengaruh terhadap jumlah liabilitas yangdiakui dimasa mendatang.
Post-employment benefit The determination of post-employment benefits liabilities depends on selection of certain assumptionused by actuary for the calculation of the liability.These assumptions include discount rate and rate ofincrease in salaries. Different realization from theCompany and its subsidiaries’ assumptions are accumulated and amortized over the future periodsand consequently will affect liabilities recognized inthe future.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/28 Exhibit E/28
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI AKUNTANSI
SIGNIFIKAN (Lanjutan) 3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATION
AND ASSUMPTIONS (Continued)
Pajak Penghasilan Pertimbangan signifikan dilakukan dalam menentukanprovisi atas pajak penghasilan badan. Terdapattransaksi dan perhitungan tertentu yang penentuanpajak akhirnya adalah tidak pasti dalam kegiatan usahanormal. Perusahaan dan entitas anaknya mengakuiliabilitas atas pajak penghasilan badan berdasarkanestimasi apakah akan terdapat tambahan pajakpenghasilan badan.
Income Tax Significant judgment is involved in determining theprovision for corporate income tax. There are certain transactions and computation for which the ultimatetax determination is uncertain during the ordinary course of business. The Company and its subsidiariesrecognizes liabilities for expected corporate incometax issues based on estimates of whether additional corporate income tax will be due.
4. KOMBINASI BISNIS 4. BUSINESS COMBINATIONS
(i) Akuisisi AN (i) Acquisition of AN
Pada tanggal 10 September 2015, Perusahaanmenandatangani perjanjian jual beli saham untukmengakuisisi 51% saham PT Anugerah Nusarayayang merupakan pemilik hotel Harris ResortWaterfront City di Batam dengan harga perolehanRp 97 miliar.
In 10 September 2015, the Company signed agreement of sale purchase shares to acquire 51%shares of PT Anugerah Nusaraya, a Company owns hotel Harris Resort Waterfront in Batam foracquisition cost of Rp 97 billion.
Pada tanggal 5 April 2016, Perusahaan melakukanpeningkatan kepemilikan saham 4% AN dariPT Andalan Karya Property (AKP), pihak berelasi,sehingga persentase kepemilikan saham AN masing-masing sebesar 55% dan 51% pada tanggal31 Desember 2016 dan 2015.
On 5 April 2016, the Company increase its ownership of 4% equity interest in AN fromPT Andalan Karya Property (AKP), a related party,which percentage of AN share ownership 55% and51% on 31 December 2016 and 2015, respectively.
(ii) Akuisisi SP (ii) Acquisition of SP
Pada tanggal 30 September 2015, Perusahaanmenandatangani perjanjian jual beli saham untukmengakuisisi 50% saham PT Sepingan Properti yangberencana membangun hotel di Balikpapan,Kalimantan Timur, dengan harga perolehan Rp 13,5miliar. Pada tahun 2016, Perusahaan telahmengalihkan kepemilikan saham kepada pihakketiga.
In 30 September 2015, the Company signed agreement of sale purchase shares to acquire50% shares of PT Sepingan Properti, which plan to construct hotel in Balikpapan, East Kalimantan,for acquisition cost of Rp 13.5 billion. In 2016,the Company has transferred the ownership ofshares to third party.
(iii) Akuisisi MPN (iii) Acquisition of MPN
Pada tanggal 1 September 2015, Perusahaanmenandatangani perjanjian jual beli saham untukmengakuisisi 51% saham PT Mitra Perdana Nuansayang berencana membangun pusat perbelanjaan diBandung, Jawa Barat, dengan harga perolehanRp 29 miliar.
In 1 September 2015, the Company signed agreement of sale purchase shares to acquire 51%shares of PT Mitra Perdana Nuansa, which plan toconstruct Shopping Center in Bandung, West Java,for acquisition cost of Rp 29 billion.
(iv) Akuisisi MGM (iv) Acquisition of MGM
Pada tanggal 30 September 2015, Perusahaanmenandatangani perjanjian jual beli saham untukmengakuisisi 51% saham PT Mitra GemilangMahacipta yang berencana membangun hotel danpusat perbelanjaan di Balikpapan, KalimantanTimur, dengan harga perolehan Rp 192 miliar.
In 30 September 2015, the Company signed agreement of sale purchase shares to acquire 51%shares of PT Mitra Gemilang Mahacipta, whichplan to construct hotel and shopping Center inBalikpapan, East Kalimantan, for acquisition costof Rp 192 billion.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/29 Exhibit E/29
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
5. KAS DAN SETARA KAS 5. CASH AND CASH EQUIVALENTS
2 0 1 6 2 0 1 5
K a s Cash on handRupiah 881.040.153 953.466.550 RupiahDolar Singapura 5.741.619 6.020.872 Singapore DollarRinggit Malaysia 8.689 9.308 Malaysian Ringgit
Jumlah Kas 886.790.461 959.496.730 Total Cash on hand
B a n k Cash in banksRupiah Rupiah
PT Bank Negara Indonesia (Persero) Tbk 51.981.922.626 57.479.348.001 PT Bank Negara Indonesia (Persero) TbkPT Bank Bukopin Tbk 12.259.383.271 6.902.085.893 PT Bank Bukopin TbkPT Bank Mega Tbk 9.685.304.314 9.119.425.101 PT Bank Mega TbkPT Bank Mandiri (Persero) Tbk 9.569.995.562 7.307.926.501 PT Bank Mandiri (Persero) TbkPT Bank Central Asia Tbk 7.220.401.523 6.367.955.016 PT Bank Central Asia TbkPT Bank UOB Indonesia 6.294.937.110 2.986.565.898 PT Bank UOB IndonesiaPT Bank Permata Tbk 1.961.688.746 2.899.648.997 PT Bank Permata TbkPT Bank CIMB Niaga Tbk 1.129.224.697 1.216.528.609 PT Bank CIMB Niaga TbkPT Maybank Indonesia Tbk 660.915.543 1.617.392.710 PT Maybank Indonesia TbkPT Bank Mayapada International Tbk 544.591.917 33.653.950.795 PT Bank Mayapada International TbkPT Bank China Construction Bank PT Bank China Construction Bank
Indonesia Tbk (dahulu PT Bank Windu Indonesia Tbk (formerly PT BankKentjana International Tbk) 255.674.546 375.845.687 Windu Kentjana International Tbk)
PT Bank DKI 158.259.470 438.721.051 PT Bank DKIPT Bank BRI Syariah - 121.265.781 PT Bank BRI SyariahPT Bank Mayora - 5.680.290 PT Bank Mayora
Dolar Amerika Serikat United States DollarPT Bank Negara Indonesia (Persero) Tbk 15.207.921.554 7.859.037.963 PT Bank Negara Indonesia (Persero) TbkCredit Suisse AG 4.788.590.400 - Credit Suisse AGPT Bank Mandiri (Persero) Tbk 1.791.408.041 1.543.774.860 PT Bank Mandiri (Persero) TbkPT Bank Central Asia Tbk 66.398.273 36.874.059 PT Bank Central Asia TbkPT Bank Mega Tbk 61.843.087 47.853.693 PT Bank Mega TbkPT Bank Permata Tbk 9.784.633 10.873.771 PT Bank Permata TbkPT Bank Rakyat Indonesia (Persero) Tbk 3.378.856 3.138.719 PT Bank Rakyat Indonesia (Persero) TbkPT Bank Bukopin Tbk - 8.187.746 PT Bank Bukopin TbkPT Maybank Indonesia Tbk - 6.979.304 PT Maybank Indonesia Tbk
Dolar Singapura Singapore DollarPT Maybank Indonesia Tbk 898.589.338 59.211.566 PT Maybank Indonesia TbkPT Bank Mega Tbk 2.209.516 2.975.576 PT Bank Mega Tbk
Jumlah Bank 124.552.423.023 140.071.247.587 Total Cash in Banks
Deposito berjangka Time depositsRupiah Rupiah
PT Bank Mayapada International Tbk 45.842.252.271 51.840.714.859 PT Bank Mayapada International TbkPT Bank Mega Tbk 38.035.310.720 49.442.616.742 PT Bank Mega TbkPT Bank China Construction Bank PT Bank China Construction Bank
Indonesia Tbk (dahulu PT Bank Windu Indonesia Tbk (formerly PT BankKentjana International Tbk) 25.849.236.356 12.243.341.341 Windu Kentjana International Tbk)
PT Maybank Indonesia Tbk 6.000.000.000 6.000.000.000 PT Maybank Indonesia TbkPT Bank Negara Indonesia (Persero) Tbk - 2.000.000.000 PT Bank Negara Indonesia (Persero) TbkPT Bank DKI - 680.000.000 PT Bank DKI
Saldo dipindahkan 115.726.799.347 122.206.672.942 Balance carried forward
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/30 Exhibit E/30
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
5. KAS DAN SETARA KAS (Lanjutan) 5. CASH AND CASH EQUIVALENTS (Continued)
2 0 1 6 2 0 1 5
Saldo pindahan 115.726.799.347 122.206.672.942 Balance brought forward
Deposito berjangka Time depositsDolar Amerika Serikat United States Dollar
PT Bank Mayapada International Tbk 3.378.802.458 6.939.091.429 PT Bank Mayapada International TbkPT Bank Negara Indonesia (Persero) Tbk 3.359.000.000 3.448.750.000 PT Bank Negara Indonesia (Persero) TbkPT Bank China Construction Bank PT Bank China Construction Bank
Indonesia Tbk (dahulu PT Bank Windu Indonesia Tbk (formerly PT BankKentjana International Tbk) - 13.859.666.397 Windu Kentjana International Tbk)
Jumlah Deposito berjangka 122.464.601.805 146.454.180.768 Total Time Deposits
Jumlah 247.903.815.289 287.484.925.085 T o t a l
Tingkat suku bunga deposito berjangka Interest rates per annum onper tahun time depositsRupiah 7,00% - 9,25% 8,75% - 9,25% RupiahDolar Amerika Serikat 1,25% - 2,25% 1,75% - 2,25% United States Dollar
6. ASET KEUANGAN LANCAR LAINNYA 6. OTHER CURRENT FINANCIAL ASSETS
2 0 1 6 2 0 1 5
Investasi efek tersedia untuk dijual - Investment securities available-for-sale -Kontrak manajemen dana 4.129.728.832 18.422.728.832 Fund management contract
Efek yang diperdagangkan di bursa - Listed securities -Pihak ketiga 100.000.000 100.000.000 Third party
Jumlah 4.229.728.832 18.522.728.832 T o t a l
Akun ini merupakan penempatan dana yang dikelolaoleh perusahaan investasi dan saham, dengan rinciansebagai berikut:
This account represents investment funds managed byinvestment company and stocks, as follows:
2 0 1 6 2 0 1 5
Kontrak Pengelolaan dana Discretionary private fundFuture Tree Sydney Limited BVI 4.129.728.832 18.422.728.832 Future Tree Sydney Limited BVI
Saham StocksPT Bakrie Sumatra Plantations Tbk 100.000.000 100.000.000 PT Bakrie Sumatra Plantations Tbk
Jumlah 4.229.728.832 18.522.728.832 T o t a l
Pada tanggal 31 Desember 2015, EIS dan SP memilikikontrak dengan Future Tree Sydney Limited BVIdimiliki dengan jangka waktu 1 tahun. EIS telahmemperpanjang kontrak sampai dengan tanggal15 September 2017.
On 31 December 2015, EIS and SP has entered into fund management contract with Future Tree SydneyLimited BVI with a term of 1 year. EIS has extendedits contract to 15 September 2017.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/31 Exhibit E/31
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
6. ASET KEUANGAN LANCAR LAINNYA (Lanjutan) 6. OTHER CURRENT FINANCIAL ASSETS (Continued)
Mutasi investasi efek Perusahaan dan entitas anaknyaadalah sebagai berikut:
Mutation of the Company and its subsidiaries’ssecurities investment are as follows:
2 0 1 6 2 0 1 5
Saldo awal 18.522.728.832 18.968.159.468 Beginning balancePenambahan 8.180.000 - AdditionPencairan 93.000.000)( 445.430.636)( RedemptionPelepasan entitas anak 14.208.180.000)( - Disposal of subsidiary
Saldo akhir 4.229.728.832 18.522.728.832 Ending balance
7. PIUTANG USAHA - PIHAK KETIGA 7. TRADE RECEIVABLES - THIRD PARTIES Piutang usaha terdiri dari: Trade receivables consist of:
2 0 1 6 2 0 1 5
H o t e l H o t e lCity ledger 8.367.588.438 10.074.347.202 City ledgerIn-house guests 3.057.579.062 3.846.264.810 In-house guestsKartu kredit dan lainnya 730.563.735 652.459.848 Credit cards and others
12.155.731.235 14.573.071.860
Pusat perbelanjaan 12.980.122.659 37.376.252.363 Shopping center
Jumlah 25.135.853.894 51.949.324.223 T o t a lCadangan kerugian penurunan nilai 2.189.373.954)( 2.177.288.113)( Allowance for impairment losses
Bersih 22.946.479.940 49.772.036.110 N e t
Umur piutang usaha adalah sebagai berikut: The aging of trade receivable is as follows:
2 0 1 6 2 0 1 5
Belum jatuh tempo 8.581.305.587 8.704.037.931 Not yet dueTelah jatuh tempo: Past due:
1 - 30 hari 11.260.081.725 29.131.295.401 1 - 30 days31 - 60 hari 2.385.709.805 8.112.339.394 31 - 60 daysLebih dari 60 hari 2.908.756.777 6.001.651.497 More than 60 days
Jumlah 25.135.853.894 51.949.324.223 TotalCadangan kerugian penurunan nilai 2.189.373.954)( 2.177.288.113)( Allowance for impairment losses
Piutang usaha - Bersih 22.946.479.940 49.772.036.110 Trade receivable - Net
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/32 Exhibit E/32
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
7. PIUTANG USAHA - PIHAK KETIGA (Lanjutan) 7. TRADE RECEIVABLES - THIRD PARTIES (Continued)
Mutasi cadangan kerugian penurunan nilai piutangusaha dari pihak ketiga adalah sebagai berikut:
The movements in allowance for impairment of trade receivables from third parties is as follows:
2 0 1 6 2 0 1 5
Saldo awal tahun 2.177.288.113 2.183.288.113 Beginning balancePenambahan tahun berjalan 274.787.924 172.394.600 Addition for the yearPengurangan tahun berjalan 262.702.083)( 178.394.600)( Deduction for the year
Saldo akhir 2.189.373.954 2.177.288.113 Ending balance
Berdasarkan telaah atas status dari masing-masingakun piutang usaha pada akhir tahun, manajemenPerusahaan dan entitas anaknya berkeyakinan bahwacadangan kerugian penurunan nilai untuk piutangusaha telah memadai untuk menutup kemungkinankerugian dari tidak tertagihnya piutang tersebut. Seluruh piutang usaha diatas dalam mata uang Rupiah.
Based on the review of the status of each of theaccounts receivable at the end of the year, theCompany and its subsidiaries' management believesthat the allowance for impairment losses for tradereceivables is adequate to cover possible losses fromuncollectible accounts. All trade receivables were denominated in Rupiah.
Tidak ada piutang usaha Perusahaan dan entitasanaknya yang digunakan sebagai jaminan ataspinjaman.
None of trade receivables of the Company and itssubsidiaries are pledged as collateral for any debts.
8. PERSEDIAAN 8. INVENTORIES
2 0 1 6 2 0 1 5
Makanan dan minuman 2.173.165.593 2.080.617.912 Food and beveragesPerlengkapan hotel 1.161.066.782 1.128.443.986 Hotel suppliesLainnya 1.126.149.838 1.184.640.268 Others
Jumlah 4.460.382.213 4.393.702.166 T o t a l
Manajemen Perusahaan dan entitas anaknyaberkeyakinan bahwa seluruh persediaan dapatdigunakan atau dijual, sehingga tidak diperlukancadangan kerugian penurunan nilai untuk persediaanusang.
The management of the Company and its subsidiariesbelieve that the inventories can be either used orsold, and therefore an allowance for impairment lossof obsolete stock is not considered necessary.
9. INVESTASI SAHAM 9. INVESTMENTS IN SHARES OF STOCK
2 0 1 6 2 0 1 5
Investasi pada Entitas Asosiasi 2.555.867.907.136 2.392.143.695.124 Investment in AssociatesInvestasi pada Metode Biaya Perolehan 100.000.000 100.000.000 Investment at Cost Method
Jumlah 2.555.967.907.136 2.392.243.695.124 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/33 Exhibit E/33
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
9. INVESTASI SAHAM (Lanjutan) 9. INVESTMENTS IN SHARES OF STOCK (Continued)
a. Investasi pada Entitas Asosiasi a. Investment in Associates
Bagian laba(rugi) bersih komprehensif
entitas asosiasi/Presentase Share in netpemilikan/ Saldo awal/ comprehensive Saldo akhir/
Percentage of Beginning Penambahan/ income (loss) Dividen/ EndingEntitas 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
2 0 1 6
Bagian lababersih
komprehensifentitas asosiasi/
Presentase Share in netpemilikan/ Saldo awal/ comprehensive Saldo akhir/
Percentage of Beginning Penambahan/ income Dividen/ EndingEntitas asosiasi ownership balance Addition in associates Dividend balance Associates
PT Plaza Indonesia Realty Tbk (PLIN) 25,92% - 2.307.466.858.737 34.403.781.369 - 2.341.870.640.106 PT Plaza Indonesia Realty Tbk (PLIN)PT Omega Propertindo (OP) 33,34% 24.727.466.324 - 1.938.999.630 - 26.666.465.954 PT Omega Propertindo (OP)PT Java Paradise Island (JPI) 27,50% 23.138.095.914 - 468.493.150 - 23.606.589.064 PT Java Paradise Island (JPI)
Jumlah 47.865.562.238 2.307.466.858.737 36.811.274.149 - 2.392.143.695.124 T o t a l
2 0 1 5
Ringkasan informasi keuangan dari entitas asosiasidi atas adalah sebagai berikut:
Summarized financial information in respect ofthe associates are as follows:
2 0 1 6 2 0 1 5
OP OP
Jumlah aset 98.163.499.521 92.759.547.737 Total assetsJumlah liabilitas 11.987.361.423 12.629.978.220 Total liabilities
Aset bersih 86.176.138.098 80.129.569.517 Net assets
Jumlah penjualan tahun berjalan 21.413.656.085 22.221.008.242 Total sales for the year
Laba bersih tahun berjalan 5.856.516.097 6.385.040.222 Net income for the year
2 0 1 6 2 0 1 5
JPI JPI
Jumlah aset 98.181.193.083 103.376.985.344 Total assetsJumlah liabilitas 22.263.173.440 26.018.388.221 Total liabilities
Aset bersih 75.918.019.643 77.358.597.123 Net assets
Jumlah pendapatan tahun berjalan 36.981.770.990 43.253.764.909 Total revenue for the year
Laba (rugi) bersih tahun berjalan 1.440.577.480)( 1.366.451.716 Net income (loss) for the year
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/34 Exhibit E/34
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
9. INVESTASI SAHAM (Lanjutan) 9. INVESTMENTS IN SHARES OF STOCK (Continued)
a. Investasi pada Entitas Asosiasi (Lanjutan) a. Investment in Associates (Continued)
Ringkasan informasi keuangan dari entitas asosiasidi atas adalah sebagai berikut: (Lanjutan)
Summarized financial information in respect ofthe associates are as follows: (Continued)
2 0 1 6 2 0 1 5
PLIN PLIN
Jumlah aset 4.586.569.370.000 4.671.089.985.000 Total assetsJumlah liabilitas 2.301.324.680.000 2.264.520.602.000 Total liabilities
Aset bersih 2.285.244.690.000 2.406.569.383.000 Net assets
Jumlah pendapatan tahun berjalan 1.659.204.584.000 1.644.546.338.000 Total revenue for the year
Laba bersih tahun berjalan 719.221.516.000 279.689.919.000 Net income for the year
Sebagian investasi saham PLIN dijadikan jaminanpinjaman bank dari Credit Suisse AG (Catatan 22).
Partially investment in shares of stock in PLIN arepledged for bank loan from Credit Suisse AG (Note 22).
b. Investasi pada Metode Biaya Perolehan b. Investment at Cost Method
Presentasepemilikan/ Saldo awal/ Saldo akhir/
Percentage of Beginning Penambahan/ Endingownership balance Addition balance
PT Toba Karya Sejahtera (TKS) 1,00% 100.000.000 - 100.000.000 PT Toba Karya Sejahtera (TKS)
2 0 1 6
Presentasepemilikan/ Saldo awal/ Saldo akhir/
Percentage of Beginning Penambahan/ Endingownership balance Addition balance
PT Toba Karya Sejahtera (TKS) 1,00% - 100.000.000 100.000.000 PT Toba Karya Sejahtera (TKS)
2 0 1 5
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/35 Exhibit E/35
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP 10. PROPERTY AND EQUIPMENT
Reklasifikasi dan
entitas anakyang baru diakuisisi/Reclassification and
1 Januari/ Penambahan/ Pengurangan/ new acquired 31 Desember/1 January Addition Deduction subsidiaries 31 December 2 0 1 6
Biaya perolehan C o s tPemilikan langsung Direct acquisitionTanah dan hak atas tanah 764.745.928.895 - - 237.646.663.996)( 527.099.264.899 Land and landrightsBangunan dan prasarana 1.123.366.520.499 30.462.692.403 - 24.822.129.765 1.178.651.342.667 Buildings and improvementsPeralatan dan perlengkapan 162.850.264.488 18.539.266.850 12.000.000)( - 181.377.531.338 Equipment and suppliesKendaraan 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 BuildingSewa 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
AccumulatedAkumulasi penyusutan depreciation Pemilikan langsung Direct acquisitionBangunan dan prasarana 204.512.450.425 69.451.679.508 - 42.277.740)( 273.921.852.193 Buildings and improvementsPeralatan dan perlengkapan 118.301.540.661 21.665.742.952 1.250.000)( - 139.966.033.613 Equipment and suppliesKendaraan 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 Buku 1.870.640.651.661 1.490.722.373.782 Carrying Amount
2 0 1 6
Reklasifikasi dan
entitas anakyang baru diakuisisi/Reclassification and
1 Januari/ Penambahan/ Pengurangan/ new acquired 31 Desember/1 January Addition Deduction subsidiaries 31 December 2 0 1 5
Biaya perolehan C o s tPemilikan langsung Direct acquisitionTanah dan hak atas tanah 562.068.290.567 135.512.038.328 - 67.165.600.000 764.745.928.895 Land and landrightsBangunan dan prasarana 1.110.598.795.384 11.585.083.430 - 1.182.641.685 1.123.366.520.499 Buildings and improvementsPeralatan dan perlengkapan 153.732.169.928 8.372.249.872 18.963.000)( 764.807.688 162.850.264.488 Equipment and suppliesKendaraan 5.671.875.546 340.439.064 1.455.225.426)( 825.800.000 5.382.889.184 Vehicles
1.832.071.131.425 155.809.810.694 1.474.188.426)( 69.938.849.373 2.056.345.603.066 Aset dalam pembangunan Construction in progress
Bangunan 36.893.897.849 66.215.179.784 - 37.697.636.730 140.806.714.363 BuildingSewa pembiayaan L e a s e
Kendaraan 825.800.000 365.250.000 - 825.800.000)( 365.250.000 Vehicles
1.869.790.829.274 222.390.240.478 1.474.188.426)( 106.810.686.103 2.197.517.567.429
AccumulatedAkumulasi penyusutan depreciation Pemilikan langsung Direct acquisitionBangunan dan prasarana 160.557.368.142 43.085.703.058 - 869.379.225 204.512.450.425 Buildings and improvementsPeralatan dan perlengkapan 92.209.301.945 25.898.764.592 15.603.626)( 209.077.750 118.301.540.661 Equipment and suppliesKendaraan 3.448.857.103 787.182.065 817.938.449)( 621.797.917 4.039.898.636 Vehicles
256.215.527.190 69.771.649.715 833.542.075)( 1.700.254.892 326.853.889.722Sewa pembiayaan L e a s e
Kendaraan 621.797.917 23.026.046 - 621.797.917)( 23.026.046 Vehicles
256.837.325.107 69.794.675.761 833.542.075)( 1.078.456.975 326.876.915.768
Nilai Buku 1.612.953.504.167 1.870.640.651.661 Carrying Amount
2 0 1 5
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/36 Exhibit E/36
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10. PROPERTY AND EQUIPMENT (Continued)
Laba (rugi) penjualan aset tetap adalah sebagaiberikut:
Gain (loss) on sale of property and equipment are as follows:
2 0 1 6 2 0 1 5
Nilai perolehan 12.000.000 1.225.689.427 C o s tAkumulasi penyusutan 1.250.000)( 671.495.156)( Accumulated depreciation
Nilai tercatat 10.750.000 554.194.271 Carrying valueHarga jual 12.000.000 435.500.000 Selling price
Gain (loss) on sale ofLaba (rugi) penjualan aset tetap 1.250.000 118.694.271)( property and equipment
Pada tahun 2008, Perusahaan memiliki tanah yangberlokasi di Tebet, Jakarta berupa sertifikat Hak GunaBangunan (SHGB) No. 2682 seluas 237 m2 atas namaPerusahaan. SHGB tersebut akan jatuh tempo padatahun 2021 dan menurut Perusahaan hak tersebutdapat diperpanjang pada saat jatuh tempo.
In 2008, the Company owns land located in Tebet, Jakarta in the form of Property Use Right Title Certificate (SHGB) No. 2682 measures 237 sqm underCompany name. Legal rights will be due on 2021 andthe Company believes there will be no difficulty in theextension of the landrights.
Perusahaan memiliki sebidang tanah yang terletak diTuban, Bali berupa SHGB No. 851 seluas 2.700 m2 atasnama Perusahaan. HGB tersebut akan jatuh tempopada tahun 2034 dan menurut Perusahaan hak tersebutdapat diperpanjang pada saat jatuh tempo.
The Company own a parcel of land located in Tuban,Bali with SHGB No. 851 measures 2,700 sqm. SHGB willbe due on 2034 and the Company believes there willbe no difficulty in the extension of the landrights.
Pada tahun 2010, Perusahaan memperoleh tanah yangterletak di Kuta, Bali dengan SHGB No. 990/Kutaseluas 1.800 m2 atas nama Perusahaan. HGB tersebutakan jatuh tempo pada tahun 2040 dan menurutPerusahaan hak tersebut dapat diperpanjang pada saatjatuh tempo.
In 2010, the Company own a parcel of land located inKuta, Bali with SHGB No. 990/Kuta measures 1,800sqm under Company name. SHGB will be due on 2040 and the Company believes there will be no difficulty inthe extension of the landrights.
IPI, entitas anak memiliki beberapa bidang tanahseluas 6.720 m2 dan 45.742 m2 yang terletak di Kuta,Bali dengan HGB antara 25 tahun sampai 30 tahun.Menurut manajemen IPI hak tersebut dapatdiperpanjang pada saat jatuh tempo.
IPI, a subsidiary owns several parcels of land measures 6,720 sqm and 45,742 sqm located in Kuta, Bali withSHGB for the period of 25 years to 30 Management of IPI believes there will be no difficulty in the renewalof the landrights.
EIS, entitas anak, memiliki beberapa bidang tanahseluas 12.498 m2 yang terletak di Sentul, Bogor, JawaBarat. Sampai dengan tanggal laporan auditorindependen, hak tanah masih dalam proses balik namamenjadi atas nama EIS.
EIS, a subsidiary, own several parcels of land measures 12,498 sqm located in Sentul, Bogor, WestJava. As of the date of independent auditors’ report, landrights are still in process transfer under EIS name.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/37 Exhibit E/37
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10. PROPERTY AND EQUIPMENT (Continued)
RIN, entitas anak, memiliki beberapa bidang tanahyang terletak di Kecamatan Teluk Tering, Batam,Kepulauan Riau dengan luas 5.638 m2 dan 1.361 m2dengan hak legal berupa SHGB selama 30 tahun yangberakhir tahun 2018. Manajemen RIN berpendapatbahwa tidak terdapat masalah dengan perpanjanganhak atas tanah pada saat jatuh tempo.
RIN, a subsidiary, own several parcels of land locatedin Kecamatan Teluk Tering, Batam, Riau Islandmeasures 5,638 sqm and 1,361 sqm with legal righs SHGB for period of 30 years and will be due on 2018.Management of RIN believes there will be no difficulties in the extension of the landrights.
KCU, entitas anak, memiliki 2 (dua) bidang tanah yangterletak di Manado Selatan, Sulawesi Utara seluas2.144 m2 dengan hak legal SHGB.
KCU, a subsidiary, owns 2 (two) parcels of landlocated in South Manado, North Sulawesi measures2,144 sqm with legal rights SHGB.
AN, entitas anak, memiliki sebidang tanah seluas17.142 m2 yang terletak di Tanjung Riau, Sekupang,Kota Batam dengan hak legal berupa Hak GunaBangunan (SHGB) selama 30 tahun dan akan jatuhtempo pada tahun 2038. Manajemen AN berpendapattidak terdapat masalah dengan hak atas tanah saatjatuh tempo karena seluruh tanah diperoleh secara sahdan didukung dengan bukti kepemilikan yangmemadai.
AN, a subdisidary, owns a parcel of land measures17,142 sqm located in Tanjung Riau, Sekuplang, KotaBatam with property use rights (SHGB) over periodof30 years and will expire on year 2038. Management of AN believes that there is no issues with the extensionof legal rights due to the legally acquired of land andsupport by sufficient evidence of ownership.
Aset tetap berupa kendaraan yang diperoleh dari sewapembiayaan digunakan sebagai jaminan atas utangsewa pembiayaan (Catatan 21). Pada tanggal 31 Desember 2016 dan 2015, tanah danbangunan Perusahaan dan entitas anaknya digunakansebagai jaminan atas utang bank (Catatan 22).
Vehicles which are acquired through finance leasewere pledged as collateral on the finance leasepayables (Note 21). As of 31 December 2016 and 2015, land and buildings of the Company and its subsidiaries are pledged assecurities to bank loans (Note 22).
Perusahaan dan entitas anaknya memiliki aset yangmasih dalam penyelesaian pada tanggal 31 Desember2016 dan 2015 dengan rincian sebagai berikut:
The Company and Its subsidiaries has construction inprogress assets as of 31 December 2016 and 2015 with details as follows:
Perkiraan tahunpenyelesaian/Estimation
Entitas/ Entity Proyek/ Project of completion 2 0 1 6 2 0 1 5
Entitas anak langsung dantidak langsung / Direct and indirect subsidiaries
PT Segara Biru Kencana Pembangunan hotel di Sanur, Bali/Hotel construction at Sanur, Bali 2016 - 26.873.489.365
PT Indonesian Paradise Island Renovasi hotel di Kuta, Bali/ Hotel
Renovation at Kuta, Bali 2018 6.807.678.772 80.900.000 PT Eka Ilalang Suryadinamika Pembangunan hotel di Sentul/
Hotel construction at Sentul 2019 7.873.073.754 7.873.073.754 PT Retzan Indonusa Pembangunan rumah susun hunian
di Batam/ Apartment constructionat Batam 2019 936.407.704 -
PT Karsa Citra Unggul Pembangunan di Manado/Construction at Manado 2020 165.000.000 -
PT Mitra Perdana Nuansa *) Pusat perbelanjaan di Pasirkaliki,Bandung/ Shopping Center at Pasirkaliki, Bandung 2017 - 65.805.107.231
Saldo dipindahkan/Balance carried forward 15.782.160.230 100.632.570.350
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/38 Exhibit E/38
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10. PROPERTY AND EQUIPMENT (Continued)
Perkiraan tahunpenyelesaian/Estimation
Entitas/ Entity Proyek/ Project of completion 2 0 1 6 2 0 1 5
Saldo pindahan/Balance brought forward 15.782.160.230 100.632.570.350
Entitas anak langsung dantidak langsung / Direct and indirect subsidiaries
PT Mitra Gemilang Mahacipta *) Pembangunan hotel dan pusatdi Balikpapan, Kalimantan Timur / Hotel dan shopping center construction at Balikpapan, 2020 - 38.513.595.183 East Kalimantan
PT Sepingan Properti Pembangunan hotel di Balikpapan,Kalimantan Timur / Hotel constructionat Balikpapan, East Kalimantan 2017 - 1.660.548.830
Jumlah/ Total 15.782.160.230 140.806.714.363
*) Direklasifikasi ke properti investasi (Catatan 11)/ Reclassified to investment properties (Note 11) Pada tanggal 31 Desember 2016, aset tetapPerusahaan dan entitas anaknya telah diasuransikanterhadap risiko kerugian atas kebakaran danrisiko lainnya yang diselenggarakan oleh PT AsuransiAdira Dinamika, PT Asuransi Central Asia, PT ChinaTaiping Insurance Indonesia, PT Asuransi AllianzUtama Indonesia, PT Asuransi Sinar Mas, PT AsuransiAsoka Mas, PT Chubb General InsuranceIndonesia, PT Asuransi Dayin Mitra, seluruhnya pihakketiga, dengan nilai pertanggungan sebesarRp 1.500.048.275.419.
As of 31 December 2016, the Company and its subsidiaries’ property and equipment are covered by insurance against comprehensive and loss risks withPT Asuransi Adira Dinamika, PT Asuransi Central Asia,PT China Taiping Insurance Indonesia, PT AsuransiAllianz Utama Indonesia, PT Asuransi Sinar Mas,PT Asuransi Asoka Mas, PT Chubb General InsuranceIndonesia, PT Asuransi Dayin Mitra, all arethird parties, for sum insured amounting toRp 1,500,048,275,419.
Pada tahun 2016, aset tetap tanah dan bangunan diMGM dan MPN direklasifikasi ke properti investasi.Reklasifikasi dilakukan sesuai dengan substansiperuntukan tanah dan bangunan tersebut.
In 2016, property land and building of MGM and MPN has been reclassified to investment property. The reclassification have been done in accordance to thesubstance of the land designation.
Manajemen Perusahaan dan entitas anaknyaberkeyakinan bahwa tidak terdapat kondisi atauperistiwa yang menimbulkan indikasi penurunan nilaiatas jumlah tercatat aset tetap, sehingga tidakdiperlukan cadangan kerugian penurunan nilai untukaset tetap.
The Management of the Company and its subsidiariesbelieves that there were no conditions or event thatindicate impairment in the carrying amount of itsproperty and equipment, and therefore an allowancefor impairment losses of property and equipment isnot considered necessary.
Penyusutan yang dibebankan pada beban umum danadministrasi.
Depreciation charged to general and administrationexpenses.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/39 Exhibit E/39
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
11. PROPERTI INVESTASI 11. INVESTMENT PROPERTIES
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 tTanah - - - 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 progressBangunan 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 depreciationBangunan 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
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/2 0 1 5 1 January Addition Deduction Reclassification 31 December 2 0 1 5
Biaya perolehan C o s tBangunan dan prasarana 110.766.346.544 110.677.461.677 - - 221.443.808.221 Building and improvement
Aset dalam pembangunan Construction in progressBangunan 84.300.667.934 - (77.726.243.934) - 6.574.424.000 Building
195.067.014.478 110.677.461.677 (77.726.243.934) - 228.018.232.221
Akumulasi penyusutan Accumulated depreciationBangunan dan prasarana 75.992.116.545 30.762.637.147 - - 106.754.753.692 Building and improvement
Nilai buku 119.074.897.933 121.263.478.529 Carrying amount
MT, entitas anak tidak langsung melalui DPP, entitasanak, memiliki bangunan dalam rangka “Bangun,Kelola dan Alih” yang terletak di Jakarta.
MT, indirect ownership through DPP, a subsidiary, owns buildings under “Build, Operate and Transfer”arrangements which are located in Jakarta.
Hak kelola atas bangunan tersebut, Cikini Gold Center,berakhir pada tanggal 9 Januari 2016. Sampaidengan tanggal laporan auditor independen, hakkelola tersebut masih dalam proses perpanjangan.Manajemen MT berkeyakinan bahwa hak tersebutdapat diperpanjang.
Lease management rights on the building, Cikini Gold Center, expires on 9 January 2016. As of date of independent auditor report, the lease managementright are still in process. Management of MT believethose right can be extended.
MGM, entitas anak, memiliki sebidang tanah yangterdiri dari 10 (sepuluh) SHGB dengan luas 84.558 m2dan memiliki jangka waktu 13-40 tahun yang akanjatuh tempo pada tahun 2043.
MGM, a subsidiary, owns a parcel of land consist of 10 (ten) SHGB with total area of 84,558 m2 with a termof 13-40 years and will expire in 2043.
Nilai wajar properti investasi - tanah dan bangunanmilik MGM, entitas anak, yang direklasifikasi dari asettetap sebesar Rp 243.644.508.933, dihitung oleh KJPPIhot Dollar dan Raymond, penilai independen yangterdaftar di OJK, sebesar Rp 398.914.000.000.
The fair value of invevestment property – land and building owns by MGM, a subsidiary, which reclassifiedfrom property and equipment amounted toRp 243,644,508,933, were calculated by KJPPIhot Dollar and Raymond, independent appraisers registered in OJK, amounted to Rp 398,914,000,000.
Beban penyusutan properti investasi sebesarRp 14.000.729.186 dan Rp 30.762.637.147 masing-masing pada tahun 2016 dan 2015 dibebankan padabeban pokok pendapatan.
Depreciation expense of investment propertiesamounting to Rp 14,000,729,186 andRp 30,762,637,147 in 2016 and 2015, respectively, were charged to cost of revenues.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/40 Exhibit E/40
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
11. PROPERTI INVESTASI (Lanjutan) 11. INVESTMENT PROPERTIES (Continued)
Entitas anak memiliki aset yang masih dalampenyelesaian pada tanggal 31 Desember 2016 dan 2015dengan rincian sebagai berikut:
Subsidiaries have construction in progress assets as of31 December 2016 and 2015 with details as follows:
Perkiraan tahunpenyelesaian/
EstimationEntitas/ Entity Proyek/ Project of completion 2 0 1 6 2 0 1 5
Entitas anak/ subsidiariesPT Mitra Perdana Nuansa Pusat perbelanjaan di Pasirkaliki,
Bandung/ Shopping Center at Pasirkaliki, Bandung 2017 295.612.147.169 -
PT Mitra Gemilang Mahacipta Pusat perbelanjaan/ Shopping center 2020 41.697.357.785 -
PT Saranausaha Jaya Peremajaan Pasar Pramuka/Pasar Pramuka's renovation 2020 6.899.714.500 6.574.424.000
Jumlah/ Total 344.209.219.454 6.574.424.000
12. HAK SEWA JANGKA PANJANG 12. LONG-TERM LEASE
2 0 1 6 2 0 1 5
Resident rights apartmentHak huni apartemen fX Sudirman (ABL) 40.810.000.000 40.810.000.000 fX Sudirman (ABL)Hak atas tanah (KPU dan MPN) 26.811.342.668 816.816.000 Landrights (KPU and MPN)Sewa tanah jangka panjang (SBK) 3.144.444.415 2.744.444.419 Long-term lease land rental (SBK)
Jumlah 70.765.787.083 44.371.260.419 T o t a l
Akumulasi amortisasi 8.578.579.947)( 6.044.848.424)( Accumulated amortization
Bersih 62.187.207.136 38.326.411.995 N e t
Sewa tanah jangka panjang Long-term land lease
SBK, entitas anak tidak langsung melalui KCU, memilikiuang muka sewa tanah jangka panjang atas tanahseluas 2.443 m2 untuk periode 30 tahun yang terletakdi Sanur, Bali.
SBK, indirect subsidiary of KCU, owns advance for long-term land rental measures 2,443 sqm for period of 30 years located in Sanur, Bali.
Hak atas tanah Landrights
MPN, entitas anak, memperoleh hak pemanfaatantanah seluas 30.000 m2 yang terletak di KelurahanKebun Jeruk, Kecamatan Andir, Bandung, Jawa Barat,selama 30 tahun dan akan jatuh tempo ada tahun2037.
MPN, a subsidiary, obtained land use rights measures 30,000 sqm located in Kelurahan Kebun Jeruk, Kecamatan Andir, Bandung, West Java for the period of 30 years and will expire on 2037.
KPU, entitas anak, memperoleh hak pemanfaatantanah seluas 3.094 m2 yang terletak di Jalan AMSangaji No. 10, Yogyakarta selama 30 tahunberdasarkan perjanjian dengan Induk Koperasi TNIAngkatan Udara (Inkopau-Pukadara) pada tanggal9 September 2008 (Catatan 39). Perusahaan membayarkompensasi sebesar Rp 816.816.000 yang diamortisasiselama umur hak atas tanah. Jumlah beban amortisasisewa selama tahun 2016 dan 2015 masing-masingadalah sebesar Rp 27.227.200.
KPU, a subsidiary, obtained land use rights measures3,094 sqm located in Jalan AM Sangaji No. 10,Yogyakarta for the period of 30 years based onagreement with Induk Koperasi TNI Angkatan Udara (Inkopau-Pukadara) on 9 September 2008 (Note 39).The Company have to pay compensation amountingRp 816,816,000. Land use rights is amortized using itsbeneficially period. Total amortization of rentexpenses during 2016 and 2015 are Rp 27,227,200.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/41 Exhibit E/41
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(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 pengelolaandan penjualan apartemen fX Sudirman dari PT AnekaBina Lestari (ABLI) yang mengikatkan diri melaluiperjanjian Bangun Kelola Alih dengan Badan PengelolaGelora Bung Karno (BPGBK) untuk periode yang akanberakhir pada tanggal 11 Juni 2043.
ABL, a subsidiary, obtained a rights to managed andsell apartement fX Sudirman from PT Aneka BinaLestari (ABLI) which have bonded with an BuildOperate Transfer Agreement with Badan PengelolaBung Karno (BPGBK) for the period will expire on 11 June 2043.
13. GOODWILL 13. GOODWILL
Akun ini merupakan selisih biaya perolehan di atasnilai aset neto perolehan, entitas anak.
This account represents excess of acquisition of costover the net assets value acquire, a subsidiary.
1 Januari/ Penambahan/ Pengurangan/ Penurunan nilai/ 31 Desember/
2 0 1 6 1 January Addition Deduction Impairment 31 December 2 0 1 6
Harga perolehan 6.237.781 - - 6.237.781 - C o s tAkumulasi amortisasi - - - - - Accumulated amortization
Nilai tercatat 6.237.781 - Carrying value
1 Januari/ Penambahan/ Pengurangan/ Penurunan nilai/ 31 Desember/
2 0 1 5 1 January Addition Deduction Impairment 31 December 2 0 1 5
Harga perolehan 729.671.380 - - 723.433.599 6.237.781 C o s tAkumulasi amortisasi 132.629.493 - - 132.629.493 - Accumulated amortization
Nilai tercatat 597.041.887 6.237.781 Carrying value
Perusahaan tidak mengamortisasi goodwill sejak tahun2011 sehubungan dengan penerapan PSAK 22 yangberlaku efektif tanggal 1 Januari 2011. Akumulasiamortisasi merupakan amortisasi goodwill sampaidengan tanggal 31 Desember 2010.
The Company did not amortize goodwill since 2011 in relation with the adoption of PSAK 22 which waseffective since 1 January 2011. The accumulatedamortization of goodwill presented amortization upto 31 December 2010.
Pengujian penurunan nilai goodwill dilakukan atasperolehan DPP pada tahun 2016 dan MT pada tahun2015 dengan membandingkan nilai terpulihkan UPK.
In assessing impairment on goodwill on DPP in 2016 and MT in 2015 by compared with the CGUrecoverable amount.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/42 Exhibit E/42
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
14. ASET TIDAK LANCAR LAINNYA 14. OTHER NON-CURRENT ASSETS
2 0 1 6 2 0 1 5
Beban tangguhan - Hak atas tanah Deferred expenses - Land use rightsPerolehan hak atas tanah Bali (IPI) 12.251.412.172 12.251.412.172 Acquisition of landrights in Bali (IPI)
Perolehan hak atas tanah Batam (AN) 2.910.583.923 2.910.583.923 Acquisition of landrights in Batam (AN)Perolehan hak atas tanah Batam (RIN) 157.285.500 157.285.500 Acquisition of landrights in Batam (RIN)Biaya ditangguhkan lainnya 15.954.826.658 14.624.066.682 Other deferred expenses
31.274.108.253 29.943.348.277
Akumulasi amortisasi 12.581.116.818)( 10.339.160.217)( Accumulated amortization
Bersih 18.692.991.435 19.604.188.060 N e tJaminan dan lainnya 933.242.791 1.534.517.372 Security deposit and others
Jumlah 19.626.234.226 21.138.705.432 T o t a l
IPI, entitas anak, memperoleh SHGB pada bulanDesember 2005 untuk tanah baru seluas 6.720 m2 diKuta Bali selama 25 tahun (Catatan 10).
IPI, a subsidiary, obtained SHGB on December 2005 for a new parcel of land measures 6,720 sqm in Kuta, Balifor period of 25 years (Note 10).
Sejak tahun 2012, RIN, entitas anak, memperoleh hakatas pembayaran Uang Wajib Tahunan Otorita (UWTO)dengan atas tanah seluas 2.222 m2 yang berlokasi diBatam Center dengan jangka waktu selama 30 tahundan berlaku sampai tanggal 6 Juni 2041.
Since 2012, RIN, a subsidiary, obtained land use rightsunder the payment of Annual Mandatory Authority Fees (UWTO) over land use rights 2,222 sqm located in Batam Center with period of use for 30 years and will expire in 6 June 2041.
Sejak tahun 2008, AN, entitas anak, memperoleh hakatas tanah berupa alokasi penggunaan tanah seluas50.143,41 m2 yang terletak di Tanjung Uncang,Sekupang, Batam dari Otorita Pengembangan DaerahIndustri Pulau Batam yang berjangka waktu 30 tahunsampai dengan tahun 2038.
Since 2008, AN, a subsidiary, obtained land use rightson allocated loan use land rights with total areas of50,143.41 sqm located in Tanjung Uncang, Sekupang,Batam with period of use for 30 years and will expireon 2038.
Pada tanggal 25 Maret 2010, AN, meningkatkan hakatas tanah yang terletak di Jalan KH Ahmad Dahlan,Desa Tanjung Riau, Batam, yang sebelumnya berupahak alokasi penggunaan tanah yang dikeluarkan olehOtorita Pengembangan Daerah Industri Pulau Batam(Otorita) dan tercatat seluas 50.143,41 m2 menjadiHak Guna Bangunan dengan luas setelah pengukuranmenjadi 47.142 m2 sesuai dengan SHGB.
On 25 March 2010, AN uplift the land userights for the allocated land use located in Jalan KH Ahmad Dahlan, Desa Tanjung Riau, Batam,from allocated land use rights issued by BatamIndustrial Development Authority (BIDA) and totalingmeasures 50,143.41 sqm into Property Use Rights(SHGB) with totaling measures 47,142 sqm as stated inSHGB.
15. PINJAMAN BANK JANGKA PENDEK 15. SHORT-TERM BANK LOANS
2 0 1 6 2 0 1 5
Pihak ketiga Third partiesPT Bank Bukopin Tbk PT Bank Bukopin Tbk
PT Retzan Indonusa - 6.726.833.272 PT Retzan IndonusaPT Anugerah Nusaraya - 2.927.598.132 PT Anugerah Nusaraya
PT Bank UOB Indonesia PT Bank UOB IndonesiaPT Kega Property Utama - 4.000.000.000 PT Kega Property Utama
Jumlah - 13.654.431.404 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/43 Exhibit E/43
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
15. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 15. SHORT-TERM BANK LOANS (Continued)
Pada bulan Juni 2012, RIN, entitas anak, memperolehfasilitas kredit pinjaman rekening koran dari PT BankBukopin Tbk dengan jumlah maksimum sebesarRp 8.000.000.000 yang dipergunakan untuk modalkerja HARRIS Hotel Batam Center. Pinjaman inidikenakan bunga tahunan sebesar 11% dan dijamindengan tanah dan bangunan hotel dan gadai sahamGKB, pihak berelasi.
In June 2012, RIN, a subsidiary, obtained overdraftcredit facility from PT Bank Bukopin Tbk withmaximum amount of Rp 8,000,000,000 which is usedfor working capital of HARRIS Hotel Batam Center.The loan bears an annual interest of 11% and securedby land and hotel building and pledge shares of GKB,a related party.
Fasilitas ini mempersyaratkan entitas anak untukantara lain, menjaga tingkat hunian, harga rata-ratakamar dan proyeksi kenaikan sesuai committedcashflow.
This facility requires subsidiary, among others, to maintain occupancy ratio, average room rates, and inclining projection as committed cashflows.
Pada tanggal 15 Desember 2016, RIN telah melunasipinjaman jangka pendek yang diperoleh dari PT BankBukopin Tbk.
On 15 December 2016, RIN paid its short-term bank loan obtained from PT Bank Bukopin Tbk.
Pada tanggal 5 Desember 2014, KPU, entitas anak,memperoleh fasilitas kredit pinjaman revolving dariPT Bank UOB Indonesia dengan jumlah maksimumsebesar Rp 4.000.000.000 yang dipergunakan untukmodal kerja POP! Hotel Sangaji Yogyakarta. Pinjamanini dikenakan bunga tahunan sebesar 12,25%.
In 5 December 2014, KPU, a subsidiary, obtained revolving credit facility from PT Bank UOB Indonesia with maximum facility amount of Rp 4,000,000,000 which is used for working capital of POP! HotelSangaji Yogyakarta. This loan bears an annual interestof 12.25%.
Pinjaman ini dijamin dengan tanah dan bangunan hotelPerusahaan di Badung, Bali, serta tanah dan bangunankantor di Tebet Timur, Jakarta Selatan, milikPerusahaan.
This loan is secured by land and hotel building owns by the Company in Badung, Bali, and land and officebuildings in East Tebet, South Jakarta, owned by the Company.
Pada tanggal 16 Desember 2016, KPU telah melunasipinjaman jangka pendek yang diperoleh dari PT BankUOB Indonesia.
On 16 December 2016, KPU paid its short-term bank loan obtained from PT Bank UOB Indonesia.
Pada tanggal 31 Mei 2012, AN memperoleh fasilitaspinjaman Rekening Koran dari PT Bank Bukopin Tbkdengan jumlah fasilitas maksimum sebesarRp 3.000.000.000 yang dipergunakan untuk modalkerja Hotel HARRIS Resort Waterfront-Batam.Pinjaman ini dikenakan bunga sebesar 12% dan dijamindengan paripassu fasilitas Kredit Investasi (KI) jangkapanjang yang diperoleh dari Bukopin.
On 31 May 2012, AN obtained Overdraft Credit Facility from PT Bank Bukopin Tbk with maximum facility of Rp 3,000,000,000 which is used for working capital ofHotel HARRIS Resort Waterfront-Batam. This loan bears annual interest of 12% and secured paripassu with long-term Investment Credit facility obtainedfrom Bukopin.
Fasilitas ini mempersyaratkan Perusahaan untuk antaralain, memberitahukan secara tertulis kepada Banksetiap perubahan anggaran dasar dan perubahansusunan pengurus.
This facility require the Company, among others, notification in written to the Bank for every changesmade in articles of association and changes in theCompany’s management.
Pada tanggal 16 Desember 2016, AN telah melunasipinjaman jangka pendek yang diperoleh dari PT BankBukopin Tbk.
On 16 December 2016, AN paid its short-term bank loan obtained from PT Bank Bukopin Tbk.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/44 Exhibit E/44
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
15. PINJAMAN BANK JANGKA PENDEK (Lanjutan) 15. SHORT-TERM BANK LOANS (Continued)
Kepatuhan atas Syarat Pinjaman Compliance with Loan Covenants
Pada tahun 2015, entitas anak telah memenuhi semuapersyaratan pinjaman-pinjaman bank tersebut di atasseperti disebutkan dalam perjanjian kredit terkaitatau memperoleh surat pernyataan pelepasan tuntutanpelunasan sebagaimana diperlukan.
In 2015, subsidiaries has either complied with all therequired covenants of the above-mentioned bank loans as stipulated in the respective loan agreementsor obtained the necessary waivers as required.
16. UTANG USAHA – PIHAK KETIGA 16. TRADE PAYABLES – THIRD PARTIES
Berdasarkan pemasok By supplier
2 0 1 6 2 0 1 5
PT Securindo Packatama Indonesia 842.685.280 - PT Securindo Packatama IndonesiaPT Chemerlang Kenanga 693.919.205 1.948.478.446 PT Chemerlang KenangaCV Rezeki Baru 537.773.659 1.933.131.893 CV Rezeki BaruPT Jaya Sakti Mandiri Unggul 467.716.910 - PT Jaya Sakti Mandiri UnggulDauh Bersaudara 255.420.000 145.309.000 Dauh BersaudaraPT Surya Barutama Mandiri 247.832.500 243.014.216 PT Surya Barutama MandiriPT Sinar Jernih Sarana 224.840.000 395.750.000 PT Sinar Jernih SaranaUD Sinar Jaya 221.321.405 162.265.450 UD Sinar JayaPT Wonderful Indah Jaya 41.387.159 245.520.000 PT Wonderful Indah JayaPT Tauzia International Management 29.121.910 217.805.582 PT Tauzia International ManagementPT Centrepark Citra Corpora - 499.407.193 PT Centrepark Citra CorporaPT Pilar Bahtera Mandiri - 216.877.500 PT Pilar Bahtera MandiriLain-lain (di bawah Rp 200 juta) 11.000.778.206 11.394.474.855 Others (below Rp 200 millions)
Jumlah 14.562.796.234 17.402.034.135 T o t a l
Berdasarkan umur By ages
2 0 1 6 2 0 1 5
Belum jatuh tempo 2.676.505.805 162.355.000 Not yet due
1 - 30 hari 10.522.423.080 10.480.693.623 1 - 30 days31 - 60 hari 1.038.361.480 4.326.220.967 31 - 60 daysLebih dari 60 hari 325.505.869 2.432.764.545 Over 60 days
Jumlah 14.562.796.234 17.402.034.135 T o t a l
Tidak terdapat jaminan yang diberikan atas utangusaha.
There are no collaterals given for trade payables.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/45 Exhibit E/45
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
17. UTANG NON-USAHA – PIHAK KETIGA 17. NON-TRADE PAYABLES – THIRD PARTIES
2 0 1 6 2 0 1 5
Utang Kontraktor Contractor payablesPT Mukti Adhi Perkasa 1.296.036.760 - PT Mukti Adhi PerkasaPT Waskita Karya (Persero) Tbk 1.281.828.501 1.406.828.501 PT Waskita Karya (Persero) TbkPT Alre Udaya Jaya 200.191.074 200.191.074 PT Alre Udaya JayaRecta Construction - 11.054.048.000 Recta ConstructionPT Pilar Garba Inti - 1.150.000.000 PT Pilar Garba IntiLainnya 1.556.653.441 1.520.879.780 Others
Uang muka dan jaminan pelanggan 15.499.574.169 39.302.116.091 Advance and deposit from customerPT Daksa Utama Mandiri 5.403.047.027 20.000.000.000 PT Daksa Utama MandiriJasa pelayanan dan cadangan Service charges and
pecah belah 4.285.630.746 4.574.997.148 loss breakagePT Aditama Citra Selaras 1.000.000.000 - PT Aditama Citra SelarasPT Gama Narayana Sakti 76.363.636 486.530.000 PT Gama Narayana SaktiPT Bimantara Citra - 46.000.000.000 PT Bimantara CitraPT Sentra Inti Persada - 7.840.000.000 PT Sentra Inti PersadaLainnya 4.209.965.561 5.765.806.226 Others
Jumlah 34.809.290.915 139.301.396.820 T o t a l
Pada tanggal 29 Desember 2015, IPI, entitas anak,melakukan pembelian kembali 12.233.333 sahamdari PT Bimantara Citra dengan hargaRp 61.000.000.000. IPI telah membayar uang mukapembelian kembali sebesar Rp 15.000.000.000 padatahun 2015 dan sisanya sebesar Rp 46.000.000.000telah dilunasi pada tahun 2016.
As of 29 December 2015, IPI, a subsidiary,buy treasury stocks of 12,333,333 shares fromPT Bimantara Citra amounted to Rp 61,000,000,000.IPI has paid advance of treasury stock amounted toRp 15,000,000,000 in 2015 and the rest Rp 46,000,000,000 was paid in 2016.
18. PERPAJAKAN 18. TAXATION
a. Pajak Dibayar di Muka a. Prepaid Taxes
2 0 1 6 2 0 1 5
Pajak penghasilan: Income taxes:Pasal 4 (2) 10.062.482.198 15.497.935.684 Article 4 (2)Pasal 21 20.713.226 - Article 21Pasal 23 - 29.511.105 Article 23Pasal 28a - 302.909.691 Article 28a
Pajak Pertambahan Nilai 24.571.829.292 10.990.744.065 Value Added Tax
Jumlah 34.655.024.716 26.821.100.545 T o t a l
b. Utang Pajak b. Taxes Payables
2 0 1 6 2 0 1 5
Pajak penghasilan: Income taxes:Pasal 4 (2) 2.049.849.461 2.512.502.157 Article 4 (2)Pasal 15 12.000 18.000 Article 15Pasal 21 589.918.954 476.878.406 Article 21Pasal 23 333.711.606 368.286.547 Article 23Pasal 26 92.110.538 121.947.510 Article 26
Pajak Pertambahan Nilai 2.379.897.632 2.259.093.762 Value Added TaxPajak Pembangunan (PB 1) 3.559.150.915 3.867.874.738 Development Tax (PB 1)
Jumlah 9.004.651.106 9.606.601.120 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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
18. PERPAJAKAN (Lanjutan) 18. TAXATION (Continued)
c. Perhitungan Fiskal c. Fiscal Computation
Rekonsiliasi antara laba sebelum pajak padalaporan laba rugi dan penghasilan komprehensiflain konsolidasian, dengan estimasi rugi fiskalPerusahaan adalah sebagai berikut:
A reconciliation between profit before income tax as shown in the consolidated statement of profit or loss and other comprehensive income and estimated fiscal loss of the Company is as follows:
2 0 1 6 2 0 1 5
Laba sebelum pajak penghasilan Profit before tax permenurut laporan laba rugi dan consolidated statements ofpenghasilan komprehensif lain profit or loss and otherkonsolidasian 167.018.926.362 105.326.628.511 comprehensive income
Laba entitas anak sebelum Profit before tax pajak penghasilan 12.283.152.244)( 59.274.843.725)( of subsidiaries
Bagian atas laba neto entitas Equity in net profit ofasosiasi 188.242.335.162)( 36.811.274.149)( associates
Penurunan nilai goodwill 6.237.781 - Impairment losses of goodwillProfit from sale of investment
Laba penjualan investasi entitas anak 1.575.589.003)( - in subsidiaryLaba pra-akuisisi entitas anak baru - 20.657.349.272)( Pre-acquisition gain of new subsidiariesDividen dari entitas anak 7.620.000.000 20.280.000.000 Dividend from subsidiaries
Laba (rugi) sebelum pajak Profit (loss) before income taxpenghasilan Perusahaan 27.455.912.266)( 8.863.161.365 of the Company
Beda temporer: Temporary differences:Imbalan pasca-kerja 291.839.410)( 446.874.484 Employee benefitPenyusutan 66.423.666 25.030.979 DepreciationSewa pembiayaan 48.714.216 2.272.669 L e a s e
Beda tetap: Permanent differences:Pendapatan dividen bukan objek Untaxable dividend
pajak 7.620.000.000)( 20.280.000.000)( incomeJamuan dan sumbangan 57.978.571 124.221.502 Entertain and donationPenghasilan bunga 2.318.800.918)( 4.462.365.499)( Interest incomeLain-lain 284.830.302 149.804.201 Others
Taksiran rugi fiskal - Estimated fiscal loss -
tahun berjalan 37.228.605.839)( 15.131.000.299)( current year
Manfaat Pajak Penghasilan Income Tax Benefit
2 0 1 6 2 0 1 5
Manfaat pajak penghasilan Income tax benefitPerusahaan The Company- Pajak tangguhan 5.468.047.450 3.900.726.440 Deferred tax -Entitas anak Subsidiaries- Pajak tangguhan 9.079.769.048 3.060.158.906 Deferred tax -
Jumlah 14.547.816.498 6.960.885.346 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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
18. PERPAJAKAN (Lanjutan) 18. TAXATION (Continued)
c. Perhitungan Fiskal (Lanjutan) c. Fiscal Computation (Continued)
Pajak final terdiri atas: Final tax consist of:
2 0 1 6 2 0 1 5
Final FinalPerusahaan - - The CompanyEntitas anak 20.991.226.567 26.946.142.539 Subsidiaries
Jumlah 20.991.226.567 26.946.142.539 T o t a l
Pada tanggal penyelesaian laporan keuangankonsolidasian, Perusahaan belum menyampaikanSurat Pemberitahuan Tahunan (SPT) atas pajakpenghasilan badan tahun 2016 kepada KantorPajak. Manajemen Perusahaan menyatakan bahwaSPT pajak penghasilan badan tahun 2016 akandilaporkan berdasarkan perhitungan pajak di atas.
As of the date of the completion of theconsolidated financial statements, the Company has not yet submitted its 2016 corporate incometax return to the Tax Office. The Company’smanagement has declared that the Company’s 2016 corporate income tax will be reported basedon the computation above.
d. Pajak Tangguhan d. Deferred Taxes
Pengaruh pajak tangguhan atas beda temporeryang signifikan antara laporan komersial dan fiskaluntuk tahun yang berakhir pada tanggal-tanggal31 Desember 2016 dan 2015, sebagai berikut:
The deferred tax arising from the significanttemporary differences between commercial andtax purposes for the years ended 31 December 2016 and 2015, are as follows:
Dikreditkan Dibebankan ke(dibebankan) ke penghasilan
laporan laba rugi/ komprehensif lain/Credited Charged to other
(charged) to comprehensive 2 0 1 5 profit or loss income 2 0 1 6 Deferred tax assets
Perusahaan CompanyImbalan pasca-kerja 667.364.787 72.959.852)( 228.539.011 822.943.946 Post-employment benefitsPenyusutan 301.998.906)( 16.605.917 - 285.392.989)( DepreciationRugi 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 SubsidiariesImbalan pasca-kerja 7.687.209.211 3.733.879.268)( 159.154.957)( 3.794.174.986 Post-employment benefitsSewa pembiayaan Finance leasePenyusutan 679.124.450)( 4.339.496.965)( - 5.018.621.415)( DepreciationRugi 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
Aset pajak tangguhan
Dikreditkan Dibebankan ke(dibebankan) ke penghasilan
laporan laba rugi/ komprehensif lain/Credited Charged to other
(charged) to comprehensive 2 0 1 4 profit or loss income 2 0 1 5 Deferred tax assets
Perusahaan CompanyImbalan pasca-kerja 494.413.922 167.324.652 5.626.213 667.364.787 Post-employment benefitsPenyusutan 308.256.650)( 6.257.744 - 301.998.906)( DepreciationRugi fiskal - 3.782.750.075 - 3.782.750.075 Fiscal loss
186.157.272 3.956.332.471 5.626.213 4.148.115.956
Aset pajak tangguhan
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/48 Exhibit E/48
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
18. PERPAJAKAN (Lanjutan) 18. TAXATION (Continued)
d. Pajak Tangguhan (Lanjutan) d. Deferred Taxes (Continued)
Dikreditkan Dibebankan ke
(dibebankan) ke penghasilanlaporan laba rugi/ komprehensif lain/
Credited Charged to other (charged) to comprehensive
2 0 1 4 profit or loss income 2 0 1 5 Deferred tax assets
Entitas anak SubsidiariesImbalan pasca-kerja 751.015.875 6.917.989.793 18.203.543 7.687.209.211 Post-employment benefitsSewa pembiayaan - - - - Finance leasePenyusutan 90.889.669 770.014.119)( - 679.124.450)( DepreciationRugi fiskal 3.106.262.759 305.444.674 - 3.411.707.433 Fiscal loss
3.948.168.303 6.453.420.348 18.203.543 10.419.792.194
Jumlah 4.134.325.575 10.409.752.819 23.829.756 14.567.908.150 T o t a l
Aset pajak tangguhan
Dikreditkan Dibebankan ke
(dibebankan) ke penghasilanlaporan laba rugi/ komprehensif lain/
Credited Charged to other (charged) to comprehensive
2 0 1 5 profit or loss income 2 0 1 6 Deferred tax liabilities
Entitas anak SubsidiariesImbalan pasca-kerja 2.110.195.539 2.110.195.539)( - - Post-employment benefitsSewa pembiayaan 17.702.000 17.702.000)( - - Finance leasePenyusutan 9.443.761.874)( 9.443.761.874 - - DepreciationRugi 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
Liabilitas pajak tangguhan
Dikreditkan Dibebankan ke(dibebankan) ke penghasilan
laporan laba rugi/ komprehensif lain/Credited Charged to other
(charged) to comprehensive 2 0 1 4 profit or loss income 2 0 1 5 Deferred tax liabilities
Entitas anak SubsidiariesImbalan pasca-kerja 1.843.900.158 476.459.658 210.164.277)( 2.110.195.539 Post-employment benefitsSewa pembiayaan 13.751.035 3.950.965 - 17.702.000 Finance leasePenyusutan 5.926.215.665)( 3.517.546.209)( - 9.443.761.874)( DepreciationRugi fiskal 2.838.564.394 274.867.088)( - 2.563.697.306 Fiscal loss
Jumlah 1.230.000.078)( 3.312.002.674)( 210.164.277)( 4.752.167.029)( T o t a l
Liabilitas pajak tangguhan
19. BEBAN AKRUAL 19. ACCRUALS
2 0 1 6 2 0 1 5
Pegawai 7.164.369.260 5.782.828.473 EmployeesListrik, air dan bahan bakar 4.908.200.946 4.748.377.830 Electricity, water and fuelPenggantian utilitas 3.355.800.760 2.218.945.753 Utilities replacementJasa profesional 3.141.878.475 3.091.470.867 Professional feesPerbaikan dan pemeliharaan 3.113.229.695 3.138.325.006 Repair and maintenancePenjualan dan pemasaran 1.830.729.392 1.461.397.288 Sales and marketingBeban sewa kelola 955.298.255 1.153.343.526 Lease management feesLain-lain 5.653.460.134 1.838.982.800 Others
Jumlah 30.122.966.917 23.433.671.543 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/49 Exhibit E/49
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
20. PENDAPATAN DITERIMA DI MUKA 20. UNEARNED INCOME
2 0 1 6 2 0 1 5
Uang muka sewa ruang: Space rental advance:Beachwalk (IPI) 73.780.308.673 112.221.819.913 Beachwalk (IPI)23 Paskal (MPN) 42.204.515.669 - 23 Paskal (MPN)Park 23 (PKS) 10.638.247.879 - Park 23 (PKS)PT Mitra Gemilang Mahacipta 421.214.850 - PT Mitra Gemilang MahaciptaCikini Gold Center (DPP) 356.111.143 4.696.478.085 Cikini Gold Center (DPP)
Uang muka sewa unit condotel (ABL) 6.783.582.393 7.040.374.155 Advance rent condotel (ABL)
Jumlah 134.183.980.607 123.958.672.153 T o t a l
21. UTANG SEWA PEMBIAYAAN 21. FINANCE LEASE
2 0 1 6 2 0 1 5
PT CIMB Auto Niaga Finance 152.935.765 117.297.669 PT CIMB Auto Niaga Finance
PT Clipan Finance Indonesia 129.462.856 - PT Clipan Finance Indonesia
PT Oto Multiartha 75.289.052 323.994.700 PT Oto Multiartha
Jumlah 357.687.673 441.292.369 T o t a lDikurangi: bagian yang jatuh tempo
dalam satu tahun 190.205.420)( 284.550.769)( Less: current maturities
Bagian jangka panjang 167.482.253 156.741.600 Long-term portion
Akun ini merupakan utang sewa pembiayaan ataspembelian aset tetap berupa kendaraan, yangdikenakan bunga efektif berkisar antara 12,85% sampaidengan 16,5% per tahun dan memiliki jangka wakturata-rata selama 2 (dua) - 4 (empat) tahun.Pembiayaan tersebut dijaminkan dengan kendaraanyang dibiayai.
This account represents consumer financing payableson the acquisition of vehicles, bearing effectiveinterest rates of ranging between 12.85% to 16.5% per annum, with term of financing of 2 (two) - 4 (four) years. The consumer financing payables were secured by the financed vehicles.
22. UTANG BANK JANGKA PANJANG 22. LONG-TERM BANK LOANS
Rincian pinjaman bank pada tanggal 31 Desember 2016dan 2015 adalah sebagai berikut:
Detail of the outstanding bank loan as of 31 December 2016 and 2015 are as follows:
2 0 1 6 2 0 1 5
PT Bank Negara Indonesia PT Bank Negara Indonesia(Persero) Tbk 496.437.873.891 318.634.630.640 (Persero) Tbk
Credit Suisse AG 295.592.000.000 - Credit Suisse AGPT Bank Bukopin Tbk - 148.595.999.996 PT Bank Bukopin TbkPT Bank UOB Indonesia - 98.308.164.320 PT Bank UOB IndonesiaBiaya transaksi yang belum diamortisasi 6.214.889.410)( - Unamortized cost of transaction
Jumlah 785.814.984.481 565.538.794.956 T o t a lDikurangi: bagian yang jatuh tempo
dalam satu tahun 16.558.391.740)( 107.296.738.674)( Less: current maturities
Bagian jangka panjang 769.256.592.741 458.242.056.282 Long-term portion
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/50 Exhibit E/50
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
22. UTANG BANK JANGKA PANJANG (Lanjutan) 22. LONG-TERM BANK LOANS (Continued)
Perusahaan The Company
Pada tanggal 28 November 2016, Perusahaanmenandatangani Perjanjian Fasilitas Kredit Berjangka(Term Loan) dengan Credit Suisse AG, CabangSingapura dengan fasilitas maksimum sebesarUSD 30.000.000. Fasilitas pinjaman dikenakan tingkatbunga LIBOR ditambah marjin 5,5% per tahun. Jumlahfasilitas pinjaman yang telah dicairkan sampaidengan tanggal 31 Desember 2016 adalah sebesarUSD 22.000.000. Pinjaman ini dijamin dengan190.000.000 lembar saham PLIN (Catatan 9).
On 28 November 2016, the Company entered into Term Loan Facility Agremeent with Credit Suisse AG, Singapore Branch with maximum facilities amounted to USD 30,000,000. The facility is subject to an interest rate equal to LIBOR Rate plus an applicable marginof 5.5% per annum. Total facility drawn down on 31 December 2016 amounted to USD 22,000,000. This loan is collateralized by190,000,000 investment of share in PLIN (Note 9).
Pada tanggal 5 Desember 2014, Perusahaan menerimafasilitas pinjaman Kredit Investasi dari PT Bank UOBIndonesia dengan maksimum pinjaman sebesarRp 54.000.000.000 yang digunakan untukpengambilalihan fasilitas kredit dari Bank ChinaConstruction Bank Indonesia Tbk (dahulu PT BankWindu Kentjana International Tbk) dan untukpembiayaan kembali hotel Harris Tuban Bali. Fasilitasini dikenakan bunga 12,25% per tahun dengan jangkawaktu 8 tahun. Fasilitas ini dijaminkan dengan tanah dan bangunanhotel di Badung, Bali, serta tanah dan bangunan kantordi Tebet Timur, Jakarta Selatan.
As of 5 December 2014, the Company obtained Installment Credit Facility from PT Bank UOBIndonesia with maximum credit of Rp 54,000,000,000, which is used to repay existing loan obtained fromBank China Construction Bank Indonesia Tbk (formerlyPT Bank Windu Kentjana International Tbk) and for the operations of Harris Tuban Bali hotel. This facility bears 12.25% interest rate per annum and will due in 8 years. This facility is secured by land and hotel building inBadung, Bali, and land and office buildings in EastTebet, South Jakarta.
Pada tanggal 9 Desember 2016, Perusahaan telahmelunasi pinjaman dari PT Bank UOB Indonesia.
On 9 December 2016, the Company paid its bank loan from PT Bank UOB Indonesia.
Entitas Anak Subsidiaries
a. PT Indonesian Paradise Island (IPI) a. PT Indonesian Paradise Island (IPI)
Pada tanggal 13 Desember 2010, IPI, entitas anak,memperoleh fasilitas pinjaman Kredit Investasi (KI)dari PT Bank Negara Indonesia (Persero) Tbkdengan jumlah maksimum pinjaman sebesarRp 463.838.265.098 yang ditujukan untukmembiayai pembangunan Sahid Kuta LifestyleResort (Hotel Sheraton Kuta Bali dan Pusatperbelanjaan beachwalk) di Kuta, Bali. Pinjaman inidikenakan bunga 12% per tahun dan akan jatuhtempo pada tanggal 12 Juni 2018 termasuk masatenggang selama 27 bulan.
On 13 December 2010, IPI, a subsidiary, obtained Installment Credit Facility loan from PT Bank Negara Indonesia (Persero) Tbk with maximumcredit of Rp 463,838,265,098 which intended for financing on construction of Sahid Kuta Lifestyle Resort (Hotel Sheraton Kuta Bali and shoppingcenter beachwalk) in Kuta, Bali. This facility bears12 % interest rate per annum and will be due on12 June 2018 included grace period of 27 months.
Fasilitas kredit ini dijamin dengan tanah danbangunan milik IPI, saham IPI milik Perusahaan, dansurat jaminan pembelian kembali aset yangdijaminkan, dan jaminan Perusahaan. IPI diwajibkanmemenuhi beberapa persyaratan sebagaimanatercantum dalam perjanjian.
This credit facility is secured by land and buildingowned by IPI, shares on IPI owned by the Company,Letter of Undertaking and Letter of Guarantee forthe buyback of assets secured for this facility. IPI shall complied with certain conditions as stated in the loan agreements
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/51 Exhibit E/51
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
22. UTANG BANK JANGKA PANJANG (Lanjutan) 22. 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 perubahanfasilitas kredit tanggal 31 Maret 2016, bungapinjaman direvisi menjadi 12,5% per tahun danjatuh tempo fasilitas investasi kredit investasi pokokdengan jumlah maksimum fasilitas pinjamansebesar Rp 424.540.788.194 direvisi menjadi tanggal30 Maret 2026, sedangkan fasilitas kredit investasiIDC dengan jumlah fasilitas maksimum pinjamanRp 39.297.479.904, jatuh tempo tanggal 12 Juni2018.
Based on addendum letter of loan facilitydated 31 March 2016, interest rate on loanwas revised to 12.5% per annum, and maturity ofinvestment credit principal with total facilityRp 424,540,788,194 was revised to 30 March 2026, while investment credit IDC with total facilityRp 39,297,479,904, is remain to be due on 12 June2018.
b. PT Retzan Indonusa (RIN) b. PT Retzan Indonusa (RIN)
Pada tanggal 21 Juni 2012, RIN, entitas anak,memperoleh fasilitas pinjaman installment dariPT Bank Bukopin Tbk dengan jumlah maksimumpinjaman sebesar Rp 65.000.000.000. Pinjaman inidikenakan bunga sebesar 11% per tahun dan jatuhtempo dalam waktu 8 tahun.
On 21 June 2012, RIN, a subsidiary, obtainedInstallment Credit Facility from PT Bank Bukopin Tbk with maximum credit of Rp 65,000,000,000.This loan bears interest rate 11% per annum andwill be due in 8 years.
Fasilitas kredit ini dijamin dengan tanah danbangunan hotel milik RIN (Catatan 10) dan gadaisaham PT Grahatama Kreasibaru (GKB), pemegangsaham dari Perusahaan. RIN diwajibkan mematuhinegative covenants tertentu yang disebutkan diperjanjian.
This credit facility is secured by land and hotelbuilding owned by RIN (Note 10) and pledge shares of PT Grahatama Kreasibaru (GKB), shareholder of Company. RIN obliged to comply with negativecovenants listed in the credit agreement.
Pada tanggal 15 Desember 2016, RIN telah melunasipinjaman dari PT Bank Bukopin Tbk.
On 15 December 2016, RIN paid its bank loan from PT Bank Bukopin Tbk.
c. PT Praba Kumala Sajati (PKS) c. PT Praba Kumala Sajati (PKS)
Pada 4 April 2014, PKS, entitas anak tidak langsung,memperoleh Fasilitas Pinjaman Installment dariPT Bank Bukopin Tbk dengan jumlah maksimumpinjaman sebesar Rp 75.000.000.000 yangdipergunakan untuk pembangunan pusatperbelanjaan di Tuban, Bali. Pinjaman ini dikenakanbunga sebesar 13% per tahun dan jatuh tempodalam waktu 120 bulan pada tanggal 4 April 2024.
On 4 April 2014, PKS, an indirect subsidiary,obtained Installment Credit Facility fromPT Bank Bukopin Tbk with maximum credit of Rp 75,000,000,000, which were used forConstruction of shopping center in Tuban, Bali. Theloan bears annual interest rate at 13% per annumand will be due within 120 months on4 April 2024.
Fasilitas kredit ini dijamin dengan tanah danbangunan di Kota Batam milik AN, entitas anak,cross collateral dengan jaminan atas pinjaman yangdiperoleh AN dan PT Mega Biru Selaras, entitasanak GKB, tanah dan bangunan di Batam Centre,Kota Batam, milik RIN, cross collateral denganjaminan atas pinjaman yang diperoleh RIN, danCorporate Guarantee dari KCU.
This credit facility is secured by land and buildingat Batam City owned by AN, a subsidiary, cross collateral of credit facilities obtained by AN andPT Mega Biru Selaras, a subsidiary of GKB, land andbuilding at Batam Centre, Batam City, owned by RIN, cross collateral of credit facilities obtained byRIN, and Corporate Guarantee from KCU.
Pada tanggal 15 Desember 2016, PKS telah melunasipinjaman dari PT Bank Bukopin Tbk.
On 15 December 2016, PKS paid its bank loan from PT Bank Bukopin Tbk.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/52 Exhibit E/52
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
22. UTANG BANK JANGKA PANJANG (Lanjutan) 22. LONG-TERM BANK LOANS (Continued)
Entitas Anak (Lanjutan) Subsidiaries (Continued)
d. PT Kega Property Utama (KPU) d. PT Kega Property Utama (KPU)
Pada tanggal 5 Desember 2014, KPU, entitas anaktidak langsung, memperoleh fasilitas pinjamanKredit Investasi (KI) dari PT Bank UOB Indonesiadengan jumlah maksimum pinjaman sebesarRp 35.000.000.000 yang terdiri dariRp 4.000.000.000 merupakan Revolving CreditFacility (RCF, Catatan 15) dan Rp 31.000.000.000merupakan kredit angsuran. Pinjaman ini digunakanuntuk membiayai modal kerja Perusahaan danpengambilalihan fasilitas kredit dari Bank Windu.Fasilitas ini dikenakan bunga 12,25% per tahundengan jangka waktu 8 tahun.
On 5 December 2014, KPU, indirect subsidiary,obtained Investment Credit Facility from PT BankUOB Indonesia with maximum credit of Rp 35,000,000,000 include Rp 4,000,000,000of Revolving Credit Facility (RCF, Note 15) and Rp 31,000,000,000 of Installment Credit Facility.These facilities are used for the operations of the Company and to take over credit facility of BankWindu. This Installment Credit Facility bears 12.25% interest rate per annum and will due in8 years.
Fasilitas ini dijaminkan dengan tanah dan bangunanhotel di Badung, Bali, serta tanah dan bangunankantor di Tebet Timur, Jakarta Selatan, milikPerusahaan.
This facility is secured by land and hotel building inBadung, Bali, and land and office buildings in East Tebet, South Jakarta, own the Company.
Pada tanggal 16 Desember 2016, KPU telahmelunasi pinjaman dari PT Bank UOB Indonesia.
On 16 December 2016, KPU paid its bank loan from PT Bank UOB Indonesia.
e. PT Anugerah Nusaraya (AN) e. PT Anugerah Nusaraya (AN)
Pada tanggal 3 Mei 2012, AN memperoleh pinjamandari PT Bank Bukopin Tbk berupa fasilitas kreditinvestasi dengan jumlah fasilitas maksimum sebesarRp 42.000.000.000. Pinjaman ini dikenakan bungasebesar 12% per tahun dan akan jatuh tempo padatanggal 30 Mei 2019.
On 3 May 2012, AN obtained investment credit facility from PT Bank Bukopin Tbk with maximum facility of Rp 42,000,000,000. This loan bears annual interest rate 12% and will be due on 30 May2019.
Fasilitas ini dijaminkan dengan tanah dan bangunanHotel HARRIS Waterfront-Batam milik AN danseluruh saham AN milik PT Andalan Karya Propertydan Perusahaan.
This facility is secured by land and building of Hotel HARRIS Waterfront-Batam owns by AN and the shares in AN owns by PT Andalan KaryaProperty (AKP) and the Company.
Pada tanggal 15 Desember 2016, AN telah melunasipinjaman dari PT Bank Bukopin Tbk.
On 15 December 2016, AN paid its bank loan from PT Bank Bukopin Tbk.
f. PT Segara Biru Kencana (SBK) f. PT Segara Biru Kencana (SBK)
Pada tanggal 28 April 2015, SBK memperolehpinjaman dari PT Bank UOB Indonesia berupafasilitas kredit investasi konstruksi dengan jumlahfasilitas maksimum sebesar Rp 45.000.000.000.Pinjaman ini dikenakan bunga floating sebesar12,5% per tahun dengan jangka waktu 120 bulan.
On 28 April 2015, SBK obtained investment construction credit facility from PT Bank UOB Indonesia with maximum facility ofRp 45,000,000,000. This loan bears annual floatinginterest rate 12.5% with time period of 120 months.
Fasilitas ini dijaminkan dengan 2 bidang tanah diSanur, Bali, dan jaminan gadai rekening escrow dansaham KCU, serta penjaminan dari Perusahaan.
This facility is secured by 2 plots of land in Sanur, Bali, and pledge guarantee escrow account and share of KCU, and corporate guarantee from the Company.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/53 Exhibit E/53
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
22. UTANG BANK JANGKA PANJANG (Lanjutan) 22. LONG-TERM BANK LOANS (Continued)
Entitas Anak (Lanjutan) Subsidiaries (Continued)
f. PT Segara Biru Kencana (SBK) (Lanjutan) f. PT Segara Biru Kencana (SBK) (Continued)
Pada tanggal 16 Desember 2016, SBK telah melunasipinjaman dari PT Bank UOB Indonesia.
On 16 December 2016, SBK paid its bank loan from PT Bank UOB Indonesia.
Pada tanggal 31 Desember 2016 dan 2015, ManajemenPerusahaan dan entitas anaknya berkeyakinan telahmemenuhi seluruh persyaratan yang dipersyaratkandalam Perjanjian Pinjaman. Perusahaan dan entitasanaknya tidak menerima pemberitahuan keadaanwanprestasi atau pelanggaran lainnya yang diterimadari pemberi pinjaman.
As of 31 December 2016 and 2015, Management of the Company and its subsidiaries believes that they hascomplied with the covenants as stated in the CreditAgreements. The Company and its subsidiaries did notreceipts any notices of event of default or other breach from the borrowers.
23. MODAL SAHAM 23. SHARE CAPITAL
Susunan pemegang saham Perusahaan pada tanggal31 Desember 2016 dan 2015 adalah sebagai berikut:
The composition of the Company’s shareholders as of31 December 2016 and 2015 are as follows:
Jumlah saham ditempatkan dan disetor penuh/ Persentase
Number of kepemilikan/ Jumlah/shares issued Percentage ofand fully paid ownership T o t a l
PT Grahatama Kreasibaru 4.136.971.279 37,00% 413.697.127.900 PT Grahatama KreasibaruUBS AG Singapore S/A Anemone 2.473.154.873 22,12% 247.315.487.300 UBS AG Singapore S/A AnemoneUBS Switzerland AG UBS Switzerland AG
Zurich - Star East Dev 2.307.593.000 20,64% 230.759.300.000 Zurich - Star East DevElysium 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
Nama pemegang saham Name of shareholders
Jumlah saham ditempatkan dan disetor penuh/ Persentase
Number of kepemilikan/shares issued Percentage of Jumlah/and fully paid ownership T o t a l
PT Grahatama Kreasibaru 4.136.971.279 37,00% 413.697.127.900 PT Grahatama KreasibaruUBS AG Singapore S/A Anemone 2.473.154.873 22,12% 247.315.487.300 UBS AG Singapore S/A AnemoneUBS Switzerland AG UBS Switzerland AG
Zurich - Star East Dev 2.307.593.000 20,64% 230.759.300.000 Zurich - Star East DevElysium Investment Partner Ltd. 2.012.754.912 18,00% 201.275.491.200 Elysium Investment Partner Ltd.Agoes Soelistyo Santoso Agoes Soelistyo Santoso
(Direktur Utama) 10.000.000 0,09% 1.000.000.000 (President Director)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%) 231.747.668 2,07% 23.174.766.800 Public (less than 5%)
Jumlah 11.181.971.732 100,00% 1.118.197.173.200 T o t a l
Nama pemegang saham Name of shareholders
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/54 Exhibit E/54
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
23. MODAL SAHAM (Lanjutan) 23. SHARE CAPITAL (Continued)
Berdasarkan Akta No. 144 tanggal 12 Juni 2015, darinotaris Irawan Soerodjo, S.H., M.Si, notaris di Jakarta,tentang Berita Acara Rapat Umum PemegangSaham Luar Biasa (RUPSLB), dimana para pemegangsaham Perusahaan menyetujui untuk menerbitkan8.623.168.132 lembar saham pada harga Rp 325(dalam Rupiah penuh per saham) melaluiPenambahan Modal Tanpa Hak Memesan EfekTerlebih Dahulu (PMTHMETD).
Based on notarial deed No. 144 dated 12 June 2015,of Irawan Soerodjo, S.H., M.Si, public notaryin Jakarta, concerning an Extraordinary Stockholders’General Meeting wherein the Company’s stockholders approved the issuance of 8,623,168,132 sharesat a price of Rp 325 (in full Rupiah per share) to theexisting shareholders (“Rights Issue WithoutPre-Emptive Rights”).
Pada tanggal 26 Juni 2015 sampai tanggal 9 Juli2015, Perusahaan melaksanakan PMTHMETD denganjumlah dana yang diperoleh adalah sebesarRp 2.802.529.642.900.
From the period of exercise shares from 26 June 2015to 9 July 2015, the total funds received in relation to this “Rights Issue Without Pre-Emptive Rights” amounted to Rp 2,802,529,642,900.
Berdasarkan akta No. 13 tanggal 10 Juni 2016, darinotaris Simon Yos Sudarso, S.H., M.L., notaris diJakarta, tentang Berita Acara Rapat Umum PemegangSaham Tahunan (RUPST), dimana Dewan Komisaris danDireksi Perusahaan mengusulkan untuk membagikandividen tunai kepada setiap pemegang sahamPerusahaan sebesar Rp 1,50 per saham.
Based on notarial deed No. 13 dated 10 June 2016, ofSimon Yos Sudarso, S.H., M.L., public notaryin Jakarta, concerning an Minutes of Stockholders’ General Meeting wherein the Company’s Board of Commissioners and Directors proposed to distributecash dividend to each shareholders of the Companyamounted to Rp 1.50 per share.
24. TAMBAHAN MODAL DISETOR 24. ADDITIONAL PAID-IN CAPITAL
2 0 1 6 2 0 1 5
Agio saham tanpa HMETD sebesar Additional paid-in capital 71,000,00071.000.000 saham biasa dengan ordinary share through issue sharesNilai nominal Rp 100 per saham without pre-emptive rights with pardan harga pelaksanaan Rp 350 value of Rp 100 per share at offeringper 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 37,000,00037.000.000 saham biasa dengan ordinary share through issue sharesNilai nominal Rp 100 per saham without pre-emptive rights with pardan harga pelaksanaan Rp 380 value of Rp 100 per share at offeringper 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 40,000,00040.000.000 saham biasa dengan ordinary share through issue sharesNilai nominal Rp 100 per saham with pre-emptive rights with par valuedan harga pelaksanaan Rp 350 of Rp 100 per share at offeringper 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 8,623,168,1328.623.168.132 saham biasa dengan ordinary share through issue sharesNilai nominal Rp 100 per saham with pre-emptive rights with par valuedan harga pelaksanaan Rp 325 of Rp 100 per share at offeringper 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 ofPenawaran Umum Terbatas I 3.495.939.910)( 3.495.939.910)( Limited Public Offering I
Selisih nilai transaksi restrukturisasi Difference in transaction valueentitas sepengendali 9.143.104.856)( 6.448.816.522)( with entities under common control
Jumlah 1.965.683.784.934 1.968.378.073.268 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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
25. KEPENTINGAN NONPENGENDALI 25. NON-CONTROLLING INTEREST
Kepentingan nonpengendali atas aset bersih dan laba(rugi) komprehensif entitas anak merupakan bagianpemegang saham minoritas atas aset bersih entitasanak yang tidak seluruh sahamnya dimiliki Perusahaandan entitas anaknya.
Non-controlling interests in net assets and in netcomprehensive income (loss) of subsidiariesrepresents the share of minority shareholders in thenet assets of subsidiaries that are not wholly owned by the Company and its subsidiaries.
2 0 1 6 2 0 1 5 2 0 1 6 2 0 1 5
PT Indonesian Paradise Island 351.494.784.021 331.689.085.077 24.605.698.944 20.744.588.759
PT Mitra Gemilang Mahacipta 48.209.800.929 49.614.750.242 1.404.949.313)( 443.118.213)(
PT Aneka Bina Laras dan entitas anak/
and its subsidiary 31.530.054.186 32.822.296.142 3.117.758.044 2.543.857.203
PT Mitra Perdana Nuansa 30.112.232.317 31.804.595.937 1.692.363.620)( 471.869.485)(
PT Anugerah Nusaraya 20.066.405.910 27.926.591.429 5.704.473.853)( 298.649.847
PT Eka Ilalang Suryadinamika 12.053.624.087 12.051.892.781 1.731.306 73.678.332)(
PT Dinamika Putra Perkasa dan entitas
anak/ and its subsidiary 8.025.484.756 15.561.955.039 7.536.470.283)( 30.151.445.205
PT Saranausaha Jaya 5.557.049.727 5.521.557.924 35.491.803 129.981.295)(
PT Karsa Citra Unggul dan entitas
anak/ and its subsidiaries 395.360.171 629.406.821 234.046.650)( 226.601.067)(
PT Retzan Indonusa dan entitas anak/
and its subsidiary 15.463.312 12.981.049 2.482.263 1.230.280)(
PT Sepingan Properti - 12.944.819.160 - 8.174.873)(
PT Indonesia Gemilang Mahasentosa 5.000.000 - - -
Jumlah/ Total 507.465.259.416 520.579.931.601 11.190.858.641 52.383.887.469
net assets net comprehensive income (losses)
Kepentingan non-pengendali atas Kepentingan non-pengendali atas
aset bersih/ laba (rugi) komprehensif/
Non-controlling interests in Non-controlling interests in
26. LABA BERSIH PER SAHAM DASAR 26. NET EARNING PER SHARE Pada tahun yang berakhir 31 Desember 2016 dan 2015,laba bersih yang digunakan untuk perhitungan persaham dasar masing-masing adalah Rp 170.121.035.846dan Rp 59.903.626.388. Jumlah rata-rata tertimbangsaham pada 31 Desember 2016 dan 2015 masing-masing adalah sebanyak 11.181.971.732 dan7.000.325.816 saham.
In the years ended 31 December 2016 and 2015, net profit used to calculate per shareRp 170,121,035,846 and Rp 59,903,626,388, respectively. Weighted average number of shares on31 December 2016 and 2015, respectively, are11,181,971,732 and 7,000,325,816 shares.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/56 Exhibit E/56
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
27. PENDAPATAN BERSIH 27. NET REVENUES
2 0 1 6 2 0 1 5
H o t e l H o t e lK a m a r 246.008.665.489 248.005.534.090 R o o mMakanan dan minuman 84.867.762.536 77.126.098.948 Food and beveragesLainnya 10.419.770.920 9.398.915.263 Others
341.296.198.945 334.530.548.301
Pusat perbelanjaan 206.519.514.697 259.364.895.521 Shopping center
Jumlah 547.815.713.642 593.895.443.822 T o t a l
Dikurangi: Less:
Potongan penjualan dan
pengurangan harga 323.703.761)( 6.807.578.069)( Allowances and sales discount
Bersih 547.492.009.881 587.087.865.753 N e t
28. BEBAN POKOK PENDAPATAN 28. COST OF REVENUES
2 0 1 6 2 0 1 5
H o t e l H o t e lK a m a r 44.517.189.439 41.862.123.067 R o o mMakanan dan minuman 51.891.178.909 48.226.830.407 Food and beveragesLainnya 4.122.223.449 5.646.735.792 Others
100.530.591.797 95.735.689.266 Pusat perbelanjaan Shopping center
Listrik, air dan gas 27.417.414.419 24.644.675.341 Electricity, water and gasPenyusutan 14.000.729.186 29.226.979.735 DepreciationPemeliharaan dan keamanan 8.597.436.524 7.667.841.716 Maintenance dan securityParkir 4.756.175.087 4.774.599.205 ParkingLainnya 2.845.786.167 3.895.506.637 Others
57.617.541.383 70.209.602.634
Jumlah 158.148.133.180 165.945.291.900 T o t a l
29. BEBAN PENJUALAN DAN PEMASARAN 29. SELLING AND MARKETING EXPENSES
2 0 1 6 2 0 1 5
Iklan dan promosi 18.875.420.398 18.114.826.809 Advertising and promotionGaji dan tunjangan 7.690.784.974 5.964.541.511 Salaries and allowancesPerjalanan dinas dan transportasi 1.907.461.948 1.327.090.670 Travel and transportationJamuan dan sumbangan 755.411.395 1.842.154.917 Entertain and donationTelepon dan internet 150.240.712 174.745.504 Telephone and internetLain-lain 1.342.418.144 1.120.363.054 Others
Jumlah 30.721.737.571 28.543.722.465 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
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
30. BEBAN UMUM DAN ADMINISTRASI 30. GENERAL AND ADMINISTRATIVE EXPENSES
2 0 1 6 2 0 1 5
Penyusutan dan amortisasi 97.312.984.684 73.444.089.195 Depreciation and amortizationGaji dan tunjangan 64.830.847.563 58.632.708.600 Salaries and allowancesTelepon, listrik dan air 25.836.922.414 30.362.066.289 Telephone, electricity and waterPerbaikan dan pemeliharaan 16.718.363.702 16.105.209.543 Repair and maintenanceJasa manajemen 16.177.609.256 17.506.266.756 Management feesJasa profesional 14.725.889.125 14.795.275.579 Professional fessS e w a 13.542.379.998 10.012.489.363 RentalBeban kantor 10.006.300.696 6.666.203.193 Office expensesAsuransi 6.258.627.609 5.710.564.366 InsurancesPajak dan perijinan 5.277.977.768 9.253.849.054 Taxes and licensesKebersihan dan keamanan 5.254.914.007 3.542.205.998 Cleaning and securityImbalan pasca-kerja (Catatan 35) 3.159.033.736 3.935.764.876 Post-employment benefit (Note 35)Perjalanan dinas dan transportasi 2.897.053.245 2.814.204.505 Travel and transportationJamuan dan sumbangan 933.717.348 1.259.166.494 Entertain and donationPenyisihan kerugian penurunan Allowance of impairment
nilai piutang 274.787.924 172.394.600 losses on receivableLain-lain 9.152.819.580 8.957.926.467 Others
Jumlah 292.360.228.655 263.170.384.878 T o t a l
31. PENGHASILAN KEUANGAN 31. FINANCE INCOME
2 0 1 6 2 0 1 5
Bunga deposito berjangka 5.827.637.460 9.653.295.387 Interest from time depositBunga jasa giro 1.961.694.528 3.152.067.636 Interest from current accountLain-lain 36.758.000 - Others
Jumlah 7.826.089.988 12.805.363.023 T o t a l
32. BEBAN KEUANGAN 32. FINANCE COST
2 0 1 6 2 0 1 5
Beban bunga atas utang bank 63.763.952.695 67.494.269.239 Interest on bank loansProvisi atas utang bank 3.809.470.803 10.000.000 Provision of bank loansBiaya administrasi bank 409.678.044 458.949.517 Bank chargesBeban bunga sewa pembiayaan 86.942.602 63.879.911 Interest on finance lease
Jumlah 68.070.044.144 68.027.098.667 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/58 Exhibit E/58
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
33. BEBAN OPERASI LAINNYA 33. OTHER OPERATING EXPENSES
2 0 1 6 2 0 1 5
Rugi selisih kurs mata uang asing 4.331.546.316 - Loss on foreign exchangeBeban amortisasi - 590.804.106 Amortization expenseLain-lain 16.099.349.787 9.146.935.631 Others
Jumlah 20.430.896.103 9.737.739.737 T o t a l
34. INFORMASI MENGENAI PIHAK-PIHAK BERELASI 34. RELATED PARTIES INFORMATION Sifat Hubungan dan Transaksi Dengan Pihak-PihakBerelasi
Nature of Transactions and Relationship WithRelated Parties
Sifat dari hubungan/
No. Nature of relationship
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 payablePT Grahatama Kreasibaru (GKB), the Company's
shareholder 2. Yayasan Bunga Kasih (YBK) Pemegang saham GKB/ Shareholders of GKB3. PT Java Paradise Island (JPI) Entitas asosiasi / Associates4. PT Pop Properti Indonesia (PPI) Entitas anak GKB / Subsidiary of GKB Utang usaha / Trade payable
Pihak-pihak berelasi/Related parties
Sifat dari transaksi/Nature of transactions
Piutang non-usaha/ Non-trade receivablesPiutang non-usaha/ Non-trade receivables
Saldo dengan Pihak Berelasi Balance with Related Parties Rincian saldo yang timbul dari transaksi dengan pihakberelasi adalah sebagai berikut:
The details of the balance of transactions withrelated parties are as follows:
Piutang non-usaha Non-trade receivables
2 0 1 6 2 0 1 5
PT Mega Biru Selaras 500.000.000 500.000.000 PT Mega Biru Selaras
PT Java Paradise Island 55.700.600 - PT Java Paradise Island
Yayasan Bunga Kasih 3.360.998 9.517.857 Yayasan Bunga Kasih
Jumlah 559.061.598 509.517.857 T o t a l
Pada tanggal 31 Desember 2016 dan 2015, saldopiutang lain-lain timbul dari penggantian beban-bebanoperasional yang telah dibayarkan terlebih dahulu olehpihak berelasi dan/ atau sebaliknya.
As of 31 December 2016 and 2015, the outstanding other receivables were arising from thereimbursement of operational expenses that werepaid in advance by related parties/ vice versa.
Piutang tersebut bersifat on-demand dan tidakdikenakan bunga.
These receivables were provided on-demand basis and non-interest bearing.
Utang usaha Trade payable
2 0 1 6 2 0 1 5
PT Pop Properti Indonesia 1.355.721.851 2.189.134.214 PT Pop Properti Indonesia
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/59 Exhibit E/59
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
34. INFORMASI MENGENAI PIHAK-PIHAK BERELASI
(Lanjutan) 34. RELATED PARTIES INFORMATION (Continued)
Saldo dengan Pihak Berelasi (Lanjutan) Balance with Related Party (Continued)
Utang non-usaha Non-trade payables
2 0 1 6 2 0 1 5
PT Mega Biru Selaras 20.164.635 17.823.876 PT Mega Biru Selaras
PT Pop Properti Indonesia 8.788.276 - PT Pop Properti Indonesia
Jumlah 28.952.911 17.823.876 T o t a l
Kompensasi jangka pendek manajemen kunci Key management’s short-term compensation
Perusahaan dan entitas anaknya memberikankompensasi jangka pendek kepada Dewan Komisarisdan Direksi sebesar Rp 3.106.956.500 danRp 2.827.003.500 untuk tahun yang berakhir31 Desember 2016 dan 2015.
The Company and its subsidiaries providedcompensation short-term benefits for the Boardsof Commissioners and Directors amounting toRp 3,106,956,500 and Rp 2,827,003,500 for the years ended 31 December 2016 and 2015.
35. LIABILITAS IMBALAN PASCA-KERJA 35. POST-EMPLOYMENT BENEFITS LIABILITIES
Rincian liabilitas atas imbalan pasca-kerja karyawanpada 31 Desember 2016 dan 2015 adalah sebagaiberikut:
The details of the liability for post-employment benefits as of 31 December 2016 and 2015 are as follows:
2 0 1 6 2 0 1 5
Present value of definedNilai kini liabilitas imbalan pasti 20.631.890.115 16.615.527.720 benefit obligation
Mutasi liabilitas imbalan pasca-kerja yang diakui dilaporan posisi keuangan konsolidasian adalah sebagaiberikut:
Movements in the liability for post-employment benefits recognized in the consolidated statements offinancial position are as follows:
2 0 1 6 2 0 1 5
Saldo awal 16.615.527.720 13.831.694.410 Beginning balanceBeban tahun berjalan 3.159.033.736 3.935.764.876 Expenses during the yearPembayaran tahun berjalan 70.076.603)( 230.135.486)( Payment during the yearPenghasilan komprehensif lain 938.834.174 1.024.588.681)( Other comprehensive incomePenyesuaian 11.428.912)( 102.792.601 Adjustment
Saldo akhir 20.631.890.115 16.615.527.720 Ending balance
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/60 Exhibit E/60
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
35. LIABILITAS IMBALAN PASCA-KERJA (Lanjutan) 35. POST-EMPLOYMENT BENEFITS LIABILITIES
(Continued)
Beban imbalan pasca-kerja yang diakui dalam laporanlaba rugi komprehensif konsolidasian adalah:
Amounts recognized in the consolidated statements ofcomprehensive income in respect of the employeebenefits expenses are as follows:
2 0 1 6 2 0 1 5
Biaya jasa kini 3.187.253.254 2.715.158.153 Current service costsBiaya bunga 1.164.543.750 1.106.535.554 Interest costsBiaya jasa lalu 1.192.763.268)( 114.071.169 Past service costs
Jumlah 3.159.033.736 3.935.764.876 T o t a l
2 0 1 6 2 0 1 5
Tingkat diskonto 8,0% 9,0% Discount rateTingkat kenaikan gaji 8,0% 8,0% Salary increment rateTingkat kematian Indonesia–III (2011) Indonesia–III (2011) Mortality rateUsia pensiun normal 55 55 Normal retirement age Sensitivitas liabilitas imbalan pasti terhadap asumsiutama adalah:
The sensitivity of the defined benefit obligation to thechanges in key assumptions:
Perubahan asumsi/
Change in
assumption
Tingkat diskonto 1% Tur un / Decrease (1.869.970.868) Naik / Increas e 2.184.742.570 Dis count rate
Tingkat kenaikan gaji 1% Naik / Increas e 2.351.004.963 Tur un / Decrease (2.031.704.628) Salary increment rate
Kenaikan asumsi/
I ncrease in assumption
Penurunan asumsi/
D ecrease in assumption
Dampak terhadap liabilitas imbalan pasti/
I mpact to the defined benefit obligation
Analisis sensitivitas yang disajikan di atas mungkintidak mewakili perubahan yang sebenarnya dalamkewajiban imbalan pasti mengingat bahwa perubahanasumsi terjadinya tidak terisolasi satu sama lain karenabeberapa asumsi tersebut mungkin berkorelasi.
The sensitivity analysis presented above may not berepresentative of the actual change in the definedbenefit obligation as it is unlikely that the change inassumptions would occur in isolation of one another assome of the assumptions may be correlated.
Perbandingan nilai kini liabilitas imbalan pasti yangtimbul selama tahun berjalan dan selama 4 (empat)tahun adalah sebagai berikut:
Comparison of the present value of defined benefitliabilities during the current year and over the last4 (four) years was as follows:
2 0 1 6 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2
Nilai kini liabilitas Present value of defined
imbalan pasti 20.631.890.115 16.615.527.720 13.609.663.203 8.797.023.823 7.418.348.718 benefit obligation
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/61 Exhibit E/61
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
36. KUASI-REORGANISASI 36. QUASI-REORGANIZATION
Perusahaan melakukan kuasi-reorganisasi denganlaporan posisi keuangan tanggal 31 Juli 2009, yangdisetujui oleh para pemegang saham Perusahaanmelalui Rapat Umum Pemegang Saham Luar Biasa(RUPS-LB) yang diselenggarakan pada tanggal29 Januari 2010.
The Company conducted a quasi-reorganization using the statements of financial position dated 31 July2009, which was approved by the shareholders of theCompany through an Extraordinary General Meeting ofShareholders (RUPS-LB) held on 29 January 2010.
Perusahaan berkeyakinan bahwa kuasi-reorganisasiakan memberikan dampak positif dan prospek yangbaik terhadap Perusahaan di masa mendatang denganmemulai awal baru dengan laporan posisi keuanganyang menunjukkan posisi keuangan dan struktur modalyang lebih baik tanpa dibebani defisit masa lampau.
The Company believes that the quasi-reorganization will give positive effects and good prospect to theCompany moving forward with a fresh startstatements of financial position and capital structures without being burdened by past deficit.
Eliminasi dari defisit sebesar Rp 31.224.820.582mengikuti urutan sebagai berikut:
The elimination of the deficit amounted toRp 31,224,820,582 in the following order:
1) Eliminasi selisih revaluasi aset tetap sebesar
Rp 75.685.960 dengan saldo defisit.
2) Eliminasi saldo selisih penilaian kembali investasipada entitas asosiasi sebesar Rp 31.149.134.622dengan saldo defisit.
1) Elimination against the revaluation increment ofproperty and equipment amounted toRp 75,685,960 with deficit.
2) Elimination against revaluation incrementbalances of investment in associate amounted to Rp 31,149,134,622 with deficit.
Sehubungan dengan pelaksanaan Kuasi-Reorganisasipada tahun 2009, Perusahaan membukukan selisihpenilaian aset dan liabilitas setelah eliminasi saldodefisit sebesar Rp 144.715.511.834 adalah sebagaiberikut:
According to the Quasi-Reorganization conducted by the Company in 2009, whereas the Company recordedrevaluation increment of assets and liabilitiesafter elimination deficit balance amounted toRp 144,715,511,834 are as follows:
RpSelisih penilaian kembali: Revaluation of difference:- Aset tetap 75.685.960 Property and equipment -- Investasi pada entitas asosiasi 186.457.497.140 Investment in associate -Eliminasi selisih transaksi perubahan Elimination difference in value
ekuitas entitas asosiasi 10.592.850.684)( transaction with associate
Nilai buku bersih 175.940.332.416 Net book valueEliminasi saldo defisit 31.224.820.582)( Elimination deficit
Selisih penilaian aset dan liabilitas Difference in revaluation of assets and
setelah eliminasi saldo defisit 144.715.511.834 liabilities after elimination with deficit
Pada tahun 2012, IPI, entitas anak, melakukan kuasireorganisasi dengan laporan posisi keuangan tanggal31 Desember 2011.
On 2012, IPI, a subsidiary, conducted a quasi reorganization using the statements of financialposition dated 31 December 2011.
Sehubungan dengan pelaksanaan Kuasi-Reorganisasipada tahun 2011, IPI membukukan selisih penilaianaset dan liabilitas setelah eliminasi saldo defisitsebesar Rp 111.628.436.169 adalah sebagai berikut:
According to the Quasi-Reorganization conducted by IPI in 2011, whereas IPI recorded revaluation increment of assets and liabilities after eliminationdeficit balance amounted to Rp 111,628,436,169 are as follows:
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/62 Exhibit E/62
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
36. KUASI-REORGANISASI (Lanjutan) 36. QUASI-REORGANIZATION (Continued)
Rp
Selisih penilaian kembali: Revaluation of difference:- Aset tetap 476.415.854.826 Property and equipments -- Aset tidak lancar lainnya 44.472.402.762 Other non-current assets -
Nilai buku bersih 520.888.257.588 Net book valueEliminasi saldo defisit 111.628.436.169)( Elimination of deficit balance
Selisih penilaian aset dan liabilitas Difference in assets and liabilities revaluation
setelah eliminasi saldo defisit 409.259.821.419 after elimination with deficits
37. INFORMASI SEGMEN 37. SEGMENT INFORMATION Perusahaan dan entitas anaknya mengklasifikasikanaktivitas usahanya berdasarkan lokasi usaha, dimanauntuk masing-masing lokasi mempunyai pendapatandari pelanggan yang dapat diatribusikan secaralangsung per lokasi usaha, dan masing-masing wilayahmempunyai pengaruh dalam hal membuat keputusan.Tidak ada transaksi antar segmen. Informasi segmenPerusahaan dan entitas anaknya adalah sebagaiberikut:
The Company and its subsidiaries classified its business activity based on business location whereas each area has revenue from customer that can be attributed in term of making decision. There were no significant transactions between segments. The Company and its subsidiaries segment information’s are as follows:
Segmen Geografis Geograph ical Segment
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 the 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
31 Desember 2016/
31 December 2016
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/63 Exhibit E/63
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
37. INFORMASI SEGMEN (Lanjutan) 37. SEGMENT INFORMATION (Continued)
Segmen Geografis Geograph ical Segment
Eliminasi/ Jumlah/
Bali Batam Jawa Kalimantan Elimination Total
Pendapatan 356.261.477.819 84.208.437.513 146.617.950.421 - - 587.087.865.753 Revenues
Hasil segment (Bruto) 264.907.694.288 51.343.727.381 104.891.152.184 - - 421.142.573.853 Segment results (Gross)
Selling and marketing
Beban penjualan 19.675.012.307)( 5.842.832.780)( 2.789.930.477)( 235.946.901)( - 28.543.722.465)( expenses
Beban umum dan General and
administrasi 72.124.885.785)( 52.349.277.873)( 44.114.886.051)( 10.308.618.791)( - 178.897.668.500)( administrative expenses
Pendapatan keuangan 425.058.781 165.275.756 2.785.596.534 46.701.068 - 3.422.632.139 Finance income
Beban keuangan 249.528.914)( 11.795.834.378)( 6.471.931.963)( 15.389.127)( - 18.532.684.382)( Finance cost
Bagian atas laba entitas Share in net profit of
asosiasi, neto - - 36.811.274.149 - - 36.811.274.149 associates, net
Penghasilan operasi lainnya 2.727.499.734 40.514.379 1.743.415.865 2.503.202.237 - 7.014.632.215 Other operating income
Beban operasi lainnya 22.104.703.975)( 49.422.627)( 14.062.769.186)( 6.423.077)( 20.657.349.276 15.565.969.589)( Other operating expenses
Beban yang tidak Unallocated net
dapat dialokasikan - - 90.068.078.406)( - 31.456.360.503)( 121.524.438.909)( operating expenses
Laba (rugi) sebelum pajak 153.906.121.822 18.487.850.142)( 11.276.157.351)( 8.016.474.591)( 10.799.011.227)( 105.326.628.511 Profit (loss) before tax
Manfaat pajak penghasilan 608.695.829 - 6.352.189.517 - - 6.960.885.346 Income tax benefit
Laba (rugi) tahun berjalan 154.514.817.651 18.487.850.142)( 4.923.967.834)( 8.016.474.591)( 10.799.011.227)( 112.287.513.857 Profit (loss) for the year
Informasi lainnya: Other information:
Aset segmen 799.330.225.723 182.007.976.642 4.543.855.253.466 112.772.003.393 736.902.929.566)( 4.901.062.529.658 Segment assets
Liabilitas segmen 182.751.349.870 112.033.883.294 689.757.582.227 2.517.002.854 38.019.022.413)( 949.040.795.832 Segment liabilities
Acquisitions of property and
Perolehan aset tetap 34.772.281.732 8.743.349.627 42.546.612.338 136.327.996.781 - 222.390.240.478 equipment
31 Desember 2015/
31 December 2015
Segmen Bisnis Business Segment
Pusat
Perbelanjaan/
Perhotelan/ Shopping Eliminasi/ Jumlah/
Hospitality center 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 4.185.617.570)( 2.849.599.984 2.091.249.643)( 3.427.267.229)( Other operating income
Beban lain-lain 2.192.868.075 5.559.979.467)( 276.671.985)( 3.643.783.377)( Other operating expenses
Beban yang tidak Unallocated net
dapat dialokasikan - - - 234.506.770.069)( operating expenses
Laba (rugi) sebelum pajak 315.107.538.383 88.786.079.676 2.367.921.628)( 167.018.926.362 Profit (loss) before tax
Manfaat pajak penghasilan 14.547.816.498 - - 14.547.816.498 Income tax benefit
Laba (rugi) tahun berjalan 329.655.354.881 88.786.079.676 2.367.921.628)( 181.566.742.860 Profit (loss) 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
31 Desember 2016/
31 December 2016
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/64 Exhibit E/64
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
37. INFORMASI SEGMEN (Lanjutan) 37. SEGMENT INFORMATION (Continued)
Segmen Bisnis Business Segment
Pusat
Perbelanjaan/
Perhotelan/ Shopping Eliminasi/ Jumlah/
Hospitality center Elimination Total
Pendapatan 334.787.340.064 252.300.525.689 - 587.087.865.753 Revenues
Hasil segment (Bruto) 239.051.650.798 182.090.923.055 - 421.142.573.853 Segment results (Gross)
Selling and marketing
Beban penjualan 24.795.078.118)( 3.748.644.347)( - 28.543.722.465)( expenses
Beban umum dan General and administrative
administrasi 123.269.809.555)( 33.568.524.892)( - 156.838.334.447)( expenses
Pendapatan keuangan 1.434.829.457 1.854.617.405 - 3.289.446.862 Finance income
Beban keuangan 6.715.967.225)( 56.285.671)( - 6.772.252.896)( Finance cost
Bagian atas laba entitas Share in net profit of
asosiasi, neto 36.811.274.149 - - 36.811.274.149 associates, net
Penghasilan lain-lain 34.247.232.385 4.162.046.053 12.074.566.458)( 26.334.711.980 Other operating income
Beban lain-lain 10.164.442.985)( 26.057.873.789)( 1.275.555.231 34.946.761.543)( Other operating expenses
Beban yang tidak Unallocated net
dapat dialokasikan - - - 155.150.306.982)( operating expenses
Laba (rugi) sebelum pajak 146.599.688.906 124.676.257.814 10.799.011.227)( 105.326.628.511 Profit (loss) before tax
Manfaat pajak penghasilan 6.960.885.346 - - 6.960.885.346 Income tax benefit
Laba (rugi) tahun berjalan 153.560.574.252 124.676.257.814 10.799.011.227)( 112.287.513.857 Profit (loss) for the year
Informasi lainnya: Other information:
Aset segmen 5.179.167.823.725 458.797.635.499 736.902.929.456)( 4.901.062.529.768 Segment assets
Liabilitas segmen 809.863.345.345 177.196.472.900 38.019.022.413)( 949.040.795.832 Segment liabilities
Acquisition of property and
Perolehan aset tetap 222.270.445.714 119.794.764 - 222.390.240.478 equipment
31 Desember 2015/
31 December 2015
38. MANAJEMEN RISIKO KEUANGAN 38. FINANCIAL RISK MANAGEMENT
Mengingat bahwa penerapan praktik manajemen risikoyang baik dapat mendukung kinerja Perusahaan danentitas anaknya, maka manajemen risiko selalumenjadi elemen pendukung penting bagi Perusahaandan entitas anaknya dalam menjalankan usahanya.Sasaran dan tujuan utama dari diterapkannya praktikmanajemen risiko di Perusahaan dan entitas anaknyaadalah untuk menjaga dan melindungi Perusahaan danentitas anaknya melalui pengelolaan risiko kerugianyang mungkin timbul dari berbagai aktivitasnya sertamenjaga tingkat risiko agar sesuai dengan arahan yangsudah ditetapkan oleh manajemen Perusahaan danentitas anaknya.
Considering that good risk management practiceimplementation could better support the performanceof the Company and its subsidiaries, hence, the risk management would always be an important supportingelement for the Company and its subsidiaries in running its business. The target and main purpose ofthe implementation of risk management practices inthe Company and its subsidiaries is to maintain and protect the Company and its subsidiaries throughmanaging the risk of losses, which might arise from itsvarious activities as well as maintaining risk level inorder to match with the direction already establishedby the management of the Company and its subsidiaries.
Perusahaan dan entitas anaknya memiliki eksposurterhadap risiko-risiko atas instrumen keuangan seperti:risiko kredit, risiko tingkat bunga dan risiko likuiditas.
The Company and its subsidiaries has exposure to thefollowing risk from financial instruments, such as:credit risk, interest risk and liquidity risk.
a. Risiko Kredit a. Credit Risk
Perusahaan dan entitas anaknya memiliki risikokredit yang terutama berasal dari simpanan dibank, investasi lain-lain dan piutang lain-lain,Perusahaan dan entitas anaknya mengelola risikokredit yang terkait dengan simpanan di bankdengan memonitor reputasi bank.
The Company and its subsidiaries is exposed tocredit risk primarily from deposits with banks,other investment and other receivables. TheCompany and its subsidiaries manages credit riskexposed from its deposits with banks bymonitoring bank’s reputation.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/65 Exhibit E/65
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
38. MANAJEMEN RISIKO KEUANGAN (Lanjutan) 38. FINANCIAL RISK MANAGEMENT (Continued)
a. Risiko Kredit (Lanjutan) a. Credit Risk (Continued)
Pengungkapan kuantitatif eksposur risiko kredit didalam hubungannya dengan aset keuangandijelaskan sebagai berikut.
Quantitative disclosures of the credit riskexposure in relation to financial assets are set outbelow.
Nilai tercatat/ Maksimum eksposur/ Nilai tercatat/ Maksimum eksposur/Carrying value Maximum exposure Carrying value Maximum exposure
Aset Keuangan Financial AssetsKas dan setara kas 247.903.815.289 247.903.815.289 287.484.925.085 287.484.925.085 Cash and cash equivalentsAset keuangan lancar lainnya 4.229.728.832 4.229.728.832 18.522.728.832 18.522.728.832 Other current financial assetsPiutang usaha - Trade receivables -
Pihak ketiga 22.946.479.940 22.946.479.940 49.772.036.110 49.772.036.110 Third partiesPiutang non-usaha - Non-trade receivables -
Pihak ketiga 25.858.875.525 25.858.875.525 17.750.249.146 17.750.249.146 Third parties
Jumlah 300.938.899.586 300.938.899.586 373.529.939.173 373.529.939.173 T o t a l
2 0 1 52 0 1 6
b. Risiko Tingkat Bunga b. Interest Risk
Risiko tingkat bunga yang dihadapi Perusahaan danentitas anaknya berasal dari utang bank dan utangsewa pembiayaan.
Kebijakan manajemen dalam mengelola risikotingkat bunga ini dengan melakukan analisapergerakan suku bunga dan jika diperlukanmelakukan transaksi interest rate swap.
The Company and its subsidiaries interest rate arise from bank loans and finance lease payable.
Management’s policy to manage this risk byanalyzing interest rate’s movements and, ifneeded, enters into interest rate swaps in specificcircumstances.
c. Risiko Likuiditas c. Liquidity Risk
Manajemen telah membentuk kerangka kerjamanajemen risiko likuiditas untuk pengelolaandana jangka pendek, menengah dan jangkapanjang dan persyaratan manajemen likuiditas.Perusahaan dan entitas anaknya mengelola risikolikuiditas dengan mempertahankan cadangan yangmemadai dan dengan terus memantau rencana danrealisasi arus kas dengan cara pencocokkan profiljatuh tempo aset dan liabilitas keuangan.
The management has established an appropriateliquidity risk management framework for themanagement of the Company and its subsidiaries’short, medium and long-term funding and liquidity management requirements. The Company and its subsidiaries manages liquidity risk by maintainingadequate reserves and by continuously monitoringforecast and actual cash flows, and by matchingthe maturity profiles of financial assets andliabilities.
Tabel di bawah ini merupakan jadwal jatuh tempoliabilitas keuangan Perusahaan dan entitas anaknyaberdasarkan pembayaran kontraktual yang tidakdidiskontokan pada tanggal 31 Desember 2016:
The table below represents the maturity scheduleof the Company and its subsidiaries financialliabilities based on undiscounted contractualpayments as of 31 December 2016:
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
Trade payables -
Utang usaha - Pihak ketiga 14.562.796.234 - - 14.562.796.234 Third parties
Utang non-usaha - Non-trade payables -
Pihak ketiga 34.809.290.915 - - 34.809.290.915 Third parties
Beban akrual 30.122.966.917 - - 30.122.966.917 Accruals
Utang bank jangka panjang 16.558.391.740 20.212.540.000 749.044.052.741 785.814.984.481 Long-term bank loans
Utang sewa pembiayaan 190.205.420 167.482.253 - 357.687.673 Finance lease liabilities
Jumlah 96.243.651.226 20.380.022.253 749.044.052.741 865.667.726.220 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/66 Exhibit E/66
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
38. MANAJEMEN RISIKO KEUANGAN (Lanjutan) 38. FINANCIAL RISK MANAGEMENT (Continued)
c. Risiko Likuiditas (Lanjutan) c. Liquidity Risk (Continued)
Estimasi Nilai Wajar Instrumen Keuangan Fair Value of Financial Instruments Estimation
Nilai wajar aset dan liabilitas keuangan diestimasiuntuk keperluan pengakuan dan pengukuran atauuntuk keperluan pengungkapan.
The fair value of financial assets and liabilities must be estimated for recognition andmeasurement or for disclosure purpose.
PSAK 68 mensyaratkan pengungkapan ataspengukuran nilai wajar dengan tingkat hirarki nilaiwajar sebagai berikut:
PSAK 68 requires disclosures of fair valuemeasurements by level of the following fair valuemeasurement hierarchy:
Pengukuran nilai wajar Tingkat 1 yang
diperoleh dari harga kuotasian (tidakdisesuaikan) dalam pasar aktif untuk aset danliabilitas yang identik;
Level 1 fair value measurements are thosederived from quoted prices (unadjusted) inactive markets for identical assets orliabilities;
Pengukuran nilai wajar Tingkat 2 yang
diperoleh dari input selain dari harga kuotasian yang termasuk dalam Tingkat 1 yang dapat diobservasi untuk aset dan liabilitas, baik secara langsung (misalnya harga) atau secara tidak langsung (misalnya derivasi harga); dan
Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and
Pengukuran nilai wajar Tingkat 3 yang diperoleh dari teknik penilaian yang memasukkan input untuk aset dan liabilitas yang bukan berdasarkan data pasar yang dapat diobservasi (input yang tidak dapat diobservasi).
Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).
Nilai wajar aset dan liabilitas keuangan jangkapendek mendekati nilai tercatatnya, karenadampak dari diskonto tidak signifikan, adalahsebagai berikut:
The fair value of financial assets and liabilitiesapproximates their carrying amount, as the impact of discounting is not significant, are as follows:
2 0 1 6 2 0 1 5
A S E T A S S E T SKas dan setara kas 247.903.815.289 287.484.925.085 Cash and cash equivalentsAset keuangan lancar lainnya 4.229.728.832 18.522.728.832 Other current financial assetsPiutang usaha - Pihak ketiga 22.946.479.940 49.772.036.110 Trade receivable - Third partiesPiutang non-usaha - Pihak ketiga 25.858.875.525 17.750.249.146 Non-trade receivables - Third parties
Jumlah 300.938.899.586 373.529.939.173 T o t a l
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/67 Exhibit E/67
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
38. MANAJEMEN RISIKO KEUANGAN (Lanjutan) 38. FINANCIAL RISK MANAGEMENT (Continued)
c. Risiko Likuiditas (Lanjutan) c. Liquidity Risk (Continued)
Estimasi Nilai Wajar Instrumen Keuangan(Lanjutan)
Fair Value of Financial Instruments Estimation(Continued)
2 0 1 6 2 0 1 5
LIABILITAS LIABILITIES
Liabilitas yang dicatat sebesar nilai
wajar atau biaya perolehan yang Liabilities carried at fair value or
diamortisasi amortized costUtang usaha - Pihak ketiga 14.562.796.234 17.402.034.135 Trade payables - Third partiesUtang non-usaha - Pihak Ketiga 34.809.290.915 139.301.396.820 Non-trade payables - Third partiesUtang sewa pembiayaan 357.687.673 441.292.369 Financial lease payableBeban akrual 30.122.966.917 23.433.671.543 AccrualsUtang bank 785.814.984.481 579.193.226.360 Bank loans
Jumlah 865.667.726.220 759.771.621.227 T o t a l
d. Risiko Permodalan d. Capital Risk
Dalam mengelola permodalannya, Perusahaan danentitas anaknya senantiasa mempertahankankelangsungan usaha serta memaksimalkan manfaatbagi pemegang saham dan pemangku kepentinganlainnya.
In managing capital, the Company and itssubsidiaries safeguards its ability to continue as agoing concern and to maximize benefits to theshareholders and other stakeholders.
Perusahaan dan entitas anaknya secara aktif danrutin menelaah dan mengelola permodalannyauntuk memastikan struktur modal danpengembalian yang optimal bagi pemegang saham,dengan mempertimbangkan efisiensi penggunaanmodal berdasarkan arus kas operasi dan belanjamodal, serta mempertimbangkan kebutuhan modaldi masa yang akan datang.
The Company and its subsidiaries actively andregularly reviews and manages its capital to ensurethe optimal capital structure and return to theshareholders, taking into the consideration theefficiency of capital use based on operatingcash flows and capital expenditures and alsoconsideration of future capital needs.
Gearing ratio pada tanggal 31 Desember 2016 dan2015 adalah sebagai berikut:
The gearing ratio as of 31 December 2016 and 2015are as follows:
2 0 1 6 2 0 1 5
Pinjaman 786.172.672.154 579.634.518.729 Debts
Kas dan setara kas dan aset Cash and cash equivalents and other
keuangan lancar lainnya 252.133.544.121)( 306.007.653.917)( current financial assets
Pinjaman - bersih 534.039.128.033 273.626.864.812 Net debt
Ekuitas 4.088.946.249.808 3.952.021.733.826 Equity
Rasio pinjaman - bersihterhadap modal 13,06% 6,92% Net debt to equity
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/68 Exhibit E/68
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN PENTING DAN KONTINJENSI 39. SIGNIFICANT AGREEMENTS AND CONTINGENCY
a. Perjanjian Lisensi Merek Dagang dan Usaha a. Tradename and Trademark License Agreement
Pada tanggal 1 Oktober 2002, Perusahaanmenandatangani perjanjian lisensi merek dagangdan merek usaha dengan Harris InternationalHotels Corportation (HIHC), British Virgin Island,untuk penggunaan merek dagang dan logo HARRISpada pengoperasian hotel yang berlokasi di Tuban,Bali, untuk periode 15 (lima belas) tahun yangberakhir pada tanggal 31 Desember 2017 yangdapat diperpanjang sesuai kesepakatan keduapihak. Perusahaan berkewajiban membayar royaltisecara bulanan kepada HIHC.
On 1 October 2002, the Company entered intoTradename and Trademark License Agreementwith Harris International Hotels Corporation(HIHC), British Virgin Island, wherein HIHC agreed to grant a license to the Company to used thelicensed marks of HARRIS on the operations of hotel located in Tuban, Bali, for the period15 (fifteen) years and will be terminated on31 December 2017 which shall be extended uponagreed by both parties. The Company has agreedto pay royalty fee in monthly to HIHC.
Pada tanggal 28 April 2004, IPI, entitas anak,menandatangani perjanjian lisensi merek dagangdan merek usaha dengan HIHC, British VirginIsland, untuk penggunaan merek dagang dan logoHARRIS pada pengoperasian hotel yang berlokasi diKuta, Bali, untuk periode 5 (lima) tahun dan dapatdiperpanjang untuk 5 (lima) tahun selanjutnyasesuai kesepakatan kedua pihak. IPI berkewajibanmembayar royalti kepada HIHC. Pada tahun 2014,IPI telah melakukan perpanjangan atas perjanjianini untuk 5 (lima) tahun yang akan berakhir pada31 Desember 2019.
On 28 April 2004, IPI, a subsidiary, entered intoTradename and Trademark License Agreementwith HIHC, British Virgin Island, wherein HIHC agreed to grant a license to used the licensedmarks of HARRIS on the operations of hotel locatedin Kuta, Bali, for the period 5 (five) years and shall be extended for next 5 (five) years upon agreed by the parties. IPI has agreed to pay monthly royaltyfee in monthly. In 2014, IPI has extended thisagreement for another 5 (five) years and will be due on 31 December 2019.
Pada tahun 2012, RIN, entitas anak,menandatangani perjanjian lisensi merek dagangdan merek usaha dengan HIHC, British VirginIsland, untuk penggunaan merek dagang dan logoHARRIS pada hotel yang berlokasi di Batam Center,Batam – Kepulauan Riau, untuk periode 15 (limabelas) tahun dan dapat diperpanjang untuk 5 (lima)tahun selanjutnya sesuai kesepakatan kedua pihak.RIN berkewajiban membayar royalti secarabulanan.
In 2012, RIN, a subsidiary, entered into Tradename and Trademark License Agreement with HIHC, British Virgin Island, wherein HIHC agreed to granta license to used the licensed marks of HARRIS onthe operations of hotel located in Batam Center,Batam – Riau Islands, for the period 15 (fifteen)years and shall be extended for next 5 (five) years upon agreed by both parties. RIN has agreed to payroyalty fees in monthly.
Pada tanggal 20 Mei 2010, PS, entitas anak dariABL, entitas anak, menandatangani perjanjianlisensi merek dagang dan merek usaha denganHIHC, British Virgin Island, untuk penggunaanmerek dagang dan logo HARRIS pada pengoperasianhotel yang berlokasi di Sudirman, Jakarta, untukperiode 33 (tiga puluh tiga) tahun dan berakhirpada tanggal 11 Juni 2043 dan dapat diperpanjanguntuk 5 (lima) tahun selanjutnya sesuaikesepakatan kedua pihak. PS berkewajibanmembayar royalti secara bulanan kepada HIHC.
On 20 May 2010, PS, an indirect subsidiary throughABL, entered into Tradename and TrademarkLicense Agreement with HIHC, British Virgin Island, wherein HIHC agreed to grant a license to used thelicensed marks of HARRIS on the operations of hotel located in Sudirman, Jakarta, for the period33 (thirty three) years and will be end at 11 June 2043 and shall be extended for next 5 (five) years upon agreed by the parties. PS has agreed to paymonthly royalty fees in monthly to HIHC.
Pada tanggal 1 Mei 2007, AN, entitas anak,melakukan perjanjian merek dagang dan lisensi(Tradename and Trademark License Agreement)dengan HIHC, British Virgin Island, untukpenggunaan merek dagang dan logo HARRIS padapengoperasian hotel di Batam yang berakhirtanggal 31 Mei 2017 dan dapat diperpanjang untuktiap periode 5 (lima) tahun. AN berkewajibanmembayar royalti secara bulanan.
On 1 May 2007, AN, a subsidiary, entered into Tradename and Trademark License Agreementwith HIHC, British Virgin Island, wherein HIHC agreed to grant a license to the Company to usedthe Licensed marks of HARRIS on the operations ofhotel located in Waterfront Batam, will expire on 31 May 2017 and will be extended for next 5 (five)years. AN has agreed to pay monthly royalty fees.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/69 Exhibit E/69
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 39. SIGNIFICANT AGREEMENTS AND CONTINGENCY
(Continued)
a. Perjanjian Lisensi Merek Dagang dan Usaha(Lanjutan)
a. Tradename and Trademark License Agreement(Continued)
Pada tahun 2011, KPU, entitas anak KCU,menandatangani perjanjian lisensi merek dagangdan merek usaha dengan HIHC, British VirginIsland, untuk penggunaan merek dagang dan logoPOP! Pada hotel yang berlokasi di Yogyakarta,untuk periode 15 (lima belas) tahun dan dapatdiperpanjang untuk 5 (lima) tahun selanjutnyasesuai kesepakatan kedua pihak. KPU Berkewajibanmembayar royalti secara bulanan.
In 2011, KPU, a subsidiary of KCU, entered intoTradename and Trademark License Agreement with HIHC, British Virgin Island, where in HIHCagreed to grant a license to used the licensedmarks of POP! On the operations of hotel locatedin Yogyakarta, for the period 15 (fifteen) yearsand shall be extended for the next 5 (five) yearsupon agreed by the parties. KPU has agreed to paymonthly royalty fees.
Pada tanggal 31 Maret 2015, SBK, entitas anakKCU, menandatangani perjanjian lisensi merekdagang dan merek usaha dengan Green OakInvestment Ltd., British Virgin Island, sebagaimanatelah diamandemen pada tanggal 20 Oktober 2016,untuk penggunaan merek dagang dan logoPreference pada hotel yang berlokasi di Sanur,Bali, yang berlaku sampai dengan 31 Desemberpada tahun ke 15 (lima belas) tahun sejak tanggalpembukaan dan dapat diperpanjang untuk 5 (lima)tahun selanjutnya sesuai kesepakatan kedua pihak.SBK berkewajiban membayar royalti secarabulanan.
On 31 March 2015, SBK, a subsidiary of KCU,entered into Tradename and Trademark License Agreement with Green Oak Investment Ltd, BritishVirgin Island, whereas has been amended on20 October 2016, where in GOI agreed to grant alicense to used the licensed marks of Preferenceon the operations of hotel located in Sanur, Bali, until 31 December at the 15th (fifteen)anniversary of opening dated and shall beextended for the next 5 (five) years upon agreedby the parties. SBK has agreed to pay monthlyroyalty fees.
b. Perjanjian Konsultan Manajemen b. Management Consulting Agreement
Pada tanggal 1 Oktober 2002, Perusahaanmenandatangani perjanjian manajemen denganPT Tauzia International Management (Tauzia),dimana Tauzia setuju untuk memberikan jasakonsultasi manajemen dan teknis untukpengoperasian HARRIS Hotel Tuban-Bali, untukperiode 15 (lima belas) tahun yang berakhir padatanggal 31 Desember 2017 yang dapatdiperpanjang sesuai kesepakatan kedua pihak.Perusahaan berkewajiban membayar jasamanajemen secara bulanan kepada Tauzia.
On 1 October 2002, the Company entered intomanagement agreement with PT Tauzia International Management (Tauzia), wherein Tauzia agreed to provide technical andmanagement consultancy services on theoperations of HARRIS Hotel Tuban, Bali, for theperiod 15 (fifteen) years and will be expired on 31 December 2017 which shall be extended upon agreed by the parties. The Company has agreed topay monthly management fee.
Pada tanggal 28 April 2004, IPI, entitas anak,menandatangani perjanjian manajemen denganTauzia, dimana Tauzia setuju untuk memberikanjasa konsultasi manajemen dan teknis untukpengoperasian hotel HARRIS Resort Kuta-Bali,untuk periode 5 (lima) tahun yang dapatdiperpanjang untuk 5 (lima) tahun berikutnyasesuai kesepakatan kedua pihak. IPI berkewajibanmembayar jasa manajemen secara bulanan kepadaTauzia. Pada tahun 2014, IPI telah melakukanperpanjangan atas perjanjian ini untuk 5 (lima)tahun yang akan berakhir pada 31 Desember 2019.
On 28 April 2004, IPI, a subsidiary, entered into management agreement with Tauzia, wherein Tauzia agreed to provide technical and management consultancy services on the operations of hotel HARRIS Resort Kuta-Bali, for the period 5 (five) years which shall be extended for 5 (five) years upon agreed by the parties. IPI has agreed to pay monthly management fee. In 2014, IPI has extended this agreement for another 5 (five) years and will be due on 31 December 2019.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/70 Exhibit E/70
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 39. SIGNIFICANT AGREEMENTS AND CONTINGENCY
(Continued)
b. Perjanjian Konsultan Manajemen (Lanjutan) b. Management Consulting Agreement (Continued)
Pada 2012, IPI, entitas anak, menandatanganiperjanjian hotel operating services agreementdengan Sheraton untuk mengawasi, mengarahkandan mengontrol operasi hotel Sheraton-Kuta Baliselama 20 (dua puluh) tahun. IPI berkewajibanmembayar Operating Services Fee setiap bulanberdasarkan Gross Operating Profit (GOP).
On 2012, IPI, a subsidiary, entered into anoperating services agreement with Sheraton, tosupervise, direct, and control the operations ofthe hotel Sheraton-Kuta Bali for 20 (twenty) years. IPI has agreed to pay monthly Operating ServicesFee based on the Gross Operating Profit (GOP).
Pada tahun 2010, PS, entitas anak ABL, entitasanak, menandatangani perjanjian manajemendengan Tauzia, dimana Tauzia setuju untukmemberikan jasa konsultasi manajemen dan teknisuntuk pengoperasian hotel HARRIS fX, untukperiode 33 (tiga puluh tiga) tahun yang akanberakhir pada 11 Juni 2043. PS berkewajibanmembayar jasa manajemen secara bulanan.
In 2010, PS, a subsidiary of ABL, a subsidiary,entered into management agreement withTauzia, wherein Tauzia agreed to providetechnical and management consultancy services onthe operations of hotel HARRIS fX for the period 33 (thirty three) years that ended on 11 June 2043. PS has agreed to pay monthly managementfee.
Pada tahun 2012, RIN, entitas anak,menandatangani perjanjian manajemen denganTauzia, dimana Tauzia setuju untuk memberikanjasa konsultasi manajemen dan teknis untukpengoperasian hotel HARRIS Batam Center, untukperiode 15 (lima belas) tahun yang dapatdiperpanjang untuk 5 (lima) tahun berikutnyasesuai kesepakatan kedua pihak. RIN berkewajibanmembayar jasa manajemen secara bulanan kepadaTauzia.
In 2012, RIN, a subsidiary, entered intomanagement agreement with Tauzia, wherein Tauzia agreed to provide technical andmanagement consultancy services on theoperations of hotel HARRIS Batam Center, for theperiod 15 (fifteen) years which shall be extended for 5 (five) years upon agreed by both parties. RINhas agreed to pay management fee.
Pada tahun 2012, PT Kega Property Utama (KPU),entitas anak KCU, menandatangani perjanjianmanajemen dengan Tauzia, dimana Tauzia setujuuntuk memberikan jasa konsultasi manajemen danteknis untuk pengoperasian hotel POP! HotelSangaji Yogyakarta, untuk periode 15 (lima belas)tahun yang dapat diperpanjang untuk 5 (lima)tahun berikutnya sesuai kesepakatan kedua pihak.KPU berkewajiban membayar royalti secarabulanan kepada Tauzia sesuai tertera dalamperjanjian.
In 2012, PT Kega Property Utama (KPU), indirect subsidiary KCU, a subsidiary, entered intomanagement agreement with Tauzia, wherein Tauzia agreed to provide technical andmanagement consultancy services on theoperations of POP! Hotel Sangaji Yogyakarta, for the period 15 (fifteen) years and shall be extended for next 5 (five) years upon agreed by both parties. KPU has agreed to pay management fee asstated in agreement.
Pada tahun 2007, AN menandatangani perjanjiankonsultan manajemen (Hotel ManagementConsulting Agreeement) dan konsultan denganTauzia untuk pemberian jasa konsultanpengoperasian HARRIS Resort Waterfront Batam,yang berakhir pada tanggal 31 Mei 2017 dan dapatdiperpanjang untuk tiap periode 5 (lima) tahun.Atas jasa manajemen tersebut, Perusahaanmembayar biaya konsultan berupa jasamanajemen.
On 2007, AN entered into a managementconsultant dan operating technical serviceagreement with Tauzia, to supervise on management and technical for the operation ofHARRIS Resort Waterfront Batam, will expired on 31 May 2017 and will be extended for the next 5 (five) years. The Company has agreed to paymonthly management fee.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/71 Exhibit E/71
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 39. SIGNIFICANT AGREEMENTS AND CONTINGENCY
(Continued)
b. Perjanjian Konsultan Manajemen (Lanjutan) b. Management Consulting Agreement (Continued)
Berdasarkan perjanjian tanggal 30 Oktober 2013antara PKS, entitas anak KCU, PKS telah menunjukPT Pop Properti Indonesia (PPI) sebagai pengelolapusat perbelanjaan, dimana PKS memberikanwewenang kepada PPI untuk melakukanpengelolaan pusat perbelanjaan. Perjanjian iniberjangka waktu 5 (lima) tahun berlaku efektifsaat pusat perbelanjaan sudah beroperasi dandapat diperpanjang untuk 3 (tiga) tahunberikutnya.
Based on agreement dated 30 October 2013between PKS, subsidiary of KCU, PKS appointed PT Pop Properti Indonesia (PPI) for themanagement of shopping center, wherein PKS gives PPI the authority to manage the shopping centre.This agreement is valid for 5 (five) years from the date of the shopping centre operates and can beextended for the next 3 (three) years.
Berdasarkan perjanjian tanggal 30 Januari 2014antara IPI, entitas anak, IPI telah menunjuk PPIsebagai pengelola pusat perbelanjaan, dimana IPImemberikan wewenang kepada PPI untukmelakukan pengelolaan pusat perbelanjaanBeachwalk. Perjanjian ini berjangka waktu 3 (tiga)tahun berlaku efektif terhitung sejak tanggal1 Februari 2014 dan akan berakhir sampai dengantanggal 31 Januari 2017, dan dapat diperpanjangdengan kesepakatan tertulis Para Pihak.
Based on agreement dated 30 January 2014between IPI, a subsidiary, IPI appointed PPI for the management of shopping center, wherein IPI gives PPI the authority to manage the shopping centreBeachwalk. This agreement is valid for 3 (three) years from 1 February 2014 and will be end until31 January 2017, and can be extended with a written agreement of the parties.
Sampai dengan tanggal laporan auditorindependen, perjanjian tersebut masih dalamproses perpanjangan.
As of date of independent auditor report, theextention of agreement is still in process.
Berdasarkan perjanjian tanggal 30 Oktober 2013antara MPN, entitas anak, MPN telah menunjukPPI sebagai Konsultan, dimana MPN memberikanwewenang kepada PPI untuk melakukan reviewatas design rencana secara keseluruhan dan designlayout area sewa untuk pusat perbelanjaan, sertamelakukan pengelolaan pusat perbelanjaan.Perjanjian ini berjangka waktu 2 (dua) tahunberlaku efektif terhitung sejak pusat perbelanjaanberoperasi dan dapat diperpanjang untuk 3 (tiga)tahun berikutnya.
Based on agreement dated 30 Oktober 2013between MPN, a subsidiary, MPN appointed PPI as Consultant, wherein MPN gives PPI the authority toreview the whole design plan and rent area layout design for shopping centre, and manage the shopping centre. This agreement is valid for2 (two) years from the date of the shopping centreoperates and can be extended for the next 3 (three) years.
Pada tanggal 31 Maret 2015, SBK menandatanganiperjanjian konsultan manajemen (HotelManagement Consulting Agreeement) dan teknisoperasi dengan Tauzia untuk pemberian jasapengoperasian Hotel Maison Aurelia, Sanur, Bali,yang telah diamandemen pada tanggal 20 Oktober2016, yang berlaku sampai dengan 31 Desemberpada tahun ke 15 (lima belas) tahun sejak tanggalpembukaan dan dapat diperpanjang untuk 5 (lima)tahun selanjutnya sesuai kesepakatan kedua pihak.Atas jasa tersebut, SBK membayar biaya jasamanajemen.
On 31 March 2015, SBK entered into a managementconsultant and operating technical serviceagreement with Tauzia, to supervise on management and technical for the operation ofHotel Maison Aurelia, Sanur, Bali, whereas has been amended on 20 October 2016, until 31 December at the 15th (fifteen) anniversary ofopening dated and shall be extended for the next 5 (five) years upon agreed by the parties. SBK has agreed to pay management fee.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/72 Exhibit E/72
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN PENTING DAN KONTINJENSI (Lanjutan) 39. SIGNIFICANT AGREEMENTS AND CONTINGENCY
(Continued)
c. Perjanjian Sewa Jangka Panjang c. Long-term Lease Agreement
Pada tanggal 16 Februari 2010, ABL, entitas anak,menandatangani perjanjian Pemindahan Hak UntukMenghuni (Perjanjian Sewa) dengan PT Aneka BinaLestari atas hak untuk menghuni 14 (empat belas)unit apartemen fX Residen yang berlokasi di JalanPintu Satu Senayan, Jakarta, untuk periode33 (tiga puluh tiga) tahun yang akan berakhir padatanggal 11 Juni 2043. Atas perjanjian ini, ABL harusmemenuhi ketentuan yang tercantum dalamperjanjian.
On 16 February 2010, ABL, a subsidiary, enteredinto rental agreement with PT Aneka Bina Lestari of residential rights of 14 (fourteen) units of fX Residence apartment located in Jalan Pintu SatuSenayan, Jakarta, for the period of 33 (thirty three) years and will be terminated on 11 June 2043. ABL has to comply with the requirementslisted in the agreement.
Pada tanggal 9 Septermber 2008, KPU, entitas anakKCU, mengadakan perjanjian kerjasama denganInduk Koperasi TNI Angkatan Udara (Inkopau-Pukadara) untuk pemanfaatan aset tanah TNI AUseluas 3.094 m2 yang terletak di Jalan AM SangajiNo. 10, Yogyakarta yang ditujukan untukpembangunan hotel. Perjanjian ini berlaku untukperiode 30 (tiga puluh) tahun yang berakhir9 September 2038. Nilai hak pemanfaatan tanahtersebut adalah sebesar Rp 816.816.000 yangdibayarkan di muka.
On 9 September 2008, KPU, indirect subsidiarythrough KCU, entered into joint operationagreement with Induk Koperasi TNI AngkatanUdara (Inkopau-Pukadara) regarding the use rightsof land owned by TNI Airforce measures 3,094 sqmlocated in Jalan AM Sangaji No. 10, Yogyakarta. This agreement will be terminated after30 (thirty) years on 9 September 2038. Value ofthe land use rights paid in advance amounting toRp 816,816,000.
MPN, entitas anak, melakukan perjanjianPemanfaatan/ Penggunaan Bangunan dan/atautanah seluas 22.000 m2 dan 8.000 m2 denganPT Kereta Api (Persero) dan PT Citra Buana Prasidasejak tahun 2006 dan 2010, dengan jangka waktuperjanjian yang masing-masing akan berakhirantara 2018 dan 2040. MPN telah memperolehSertifikat Hak Guna Bangunan sejak tahun 2010atas hak penggunaan tersebut.
MPN, a subsidiary, entered into Utilization/Use Property Rights on Building and/or land measured22,000 sqm and 8,000 sqm with PT Kereta Api(Persero) and PT Citra Buana Prasida since year2006 and 2010, for the period will expire on 2018and 2040, respectively. MPN has obtained Property Use Rights (SGHB) since 2010 on aboveUtilization/Use Rights.
Pada tanggal 22 Juni 2015, MPN, entitas anak,mengadakan perjanjian kerjasama bangun, operasidan penyerahan kembali dengan Yayasan BinaNusantara (Binus) untuk pembangunan bangunan diatas bagian dari pusat perbelanjaan di Bandungdengan luas 10.000 m2 untuk peruntukan kegiatanpendidikan dengan pemberian hak pengoperasianBangunan sampai tanggal 30 Juni 2027 dengan hakuntuk menyewa setelah periode tersebut.
On 22 Juni 2015, MPN, a subsidiary, entered intobuild operate transfer agreement (BOT) withYayasan Bina Nusantara (Binus) to constructbuilding as part of shopping centre at Bandung measures 10,000 sqm for education activities withrights to operate the building until 30 June 2027 and rights to lease after that period.
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/73 Exhibit E/73
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
40. ASET DAN LIABILITAS DALAM MATA UANG ASING 40. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN
CURRENCIES
Mata uang Ekuivalen Mata uang Ekuivalenasing/ Rupiah/ asing/ Rupiah/
Foreign Equivalent Foreign Equivalentcurrencies in Rupiah currencies in Rupiah
A s e t AssetKas dan setara kas Cash and cash equivalent
U S D 2.133.605,78 28.667.127.302 2.447.569,98 33.764.227.941 U S DS G D 97.488,84 906.540.473 6.994,84 68.208.014 S G DM Y R 2,90 8.689 2,90 9.308 M Y R
Jumlah Aset 29.573.676.464 33.832.445.263 Total Assets
Liabilitas LiabilityUtang bank Bank loan
U S D 22.000.000,00 295.592.000.000 - - U S D
Aset (Liabilitas) Bersih 266.018.323.536)( 33.832.445.263 Net Assets (Liability)
2 0 1 52 0 1 6
Apabila nilai tukar pada tanggal 23 Maret 2017 (tanggalpenyelesaian laporan keuangan) digunakan untukmenyajikan kembali aset dan liabilitas moneterPerusahaan dan entitas anak dalam mata uang asingpada tanggal 31 Desember 2016, liabilitas bersih dalammata uang asing di atas akan turun sebesarRp 2.088.136.057.
Had the above foreign exchange rates prevailingon 23 March 2017 (the completion date of the financialstatements) been used to restate the balances of theCompany and its subsidiaries’ foreign currency denominated monetary assets and liabilities as of 31 December 2016, the above foreign currency denominated net liability would have decreased by approximately Rp 2,088,136,057.
41. PERISTIWA SETELAH PERIODE PELAPORAN 41. EVENTS AFTER THE REPORTING PERIOD Pada tanggal 17 Februari 2017, berdasarkan SuratKeputusan Direksi No. 017/INPP-DIR/II/2017,Perusahaan menerima pengunduran diri Ruben AdiPramudita Soeratman sebagai Sekretaris Perusahaandan mengangkat Diana Solaiman sebagai SekretarisPerusahaan yang baru.
On 17 February 2017, based on Director’s DecisionLetter No. 017/INPP-DIR/II/2017, the Company accepted resignation request of Ruben Adi PramuditaSoeratman as Corporate Secretary of the Companyand appointed Diana Solaiman as the new CorporateSecretary of the Company.
Pada tanggal 7 Maret 2017, Perusahaan menerimapinjaman tambahan dari Credit Suisse AG sebesarUSD 8.000.000.
On 7 March 2017, the Company received additionalloan from Credit Suisse AG amounted toUSD 8,000,000
These consolidated financial statements are originally issued in Indonesian language
Ekshibit E/74 Exhibit E/74
PT INDONESIAN PARADISE PROPERTY Tbk
DAN ENTITAS ANAKNYA CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN
TAHUN YANG BERAKHIR 31 DESEMBER 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT INDONESIAN PARADISE PROPERTY Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2016
(Expressed in Rupiah, unless otherwise stated)
42. REKLASIFIKASI AKUN 42. RECLASSIFICATION OF ACCOUNTS
Beberapa akun dalam laporan keuangan konsolidasianpada tanggal dan untuk tahun yang berakhir31 Desember 2015 telah direklasifikasi untukpenyesuaian dengan penyajian akun dalam laporankeuangan konsolidasian pada tanggal dan untuk tahunyang berakhir 31 Desember 2016.
Certain accounts in the consolidated financial statement as of and for the year ended 31 December 2015 have been reclassified to conform with theconsolidated financial statement as of and for the year ended 31 December 2016.
31 Desember 2015/ 31 December 2015
Sebelum reklasifikasi/
Before reclassification
Setelah reklasifikasi/
After reclassification
Piutang non-usaha Non-trade receivable Pihak berelasi 1.003.517.857 509.517.857 Related partiesPihak ketiga 17.256.249.146 17.750.249.146 Third parties
Utang usaha Trade payable Pihak berelasi - 2.189.134.214 Related partyPihak ketiga 19.591.168.349 17.402.034.135 Third parties
43. INFORMASI TAMBAHAN UNTUK ARUS KAS 43. SUPPLEMENTARY INFORMATION FOR CASH FLOWS
2 0 1 6 2 0 1 5
Aktivitas signifikan yang tidak Significant activity not affectingmempengaruhi arus kas: cash flows:
Acquisition of property
Perolehan aset tetap 176.900.000 - and equipment