PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
4
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
PrOfIl Keuangan 2011
2010 2009
2008 2007
Financial ProFile
dalam miliar Rupiah in billion Rupiah
Jumlah Pendapatan Usaha 7,716
6,832 5,466
5,943 4,849
Total Revenue Laba Usaha
1,943 1,561
726 638
1,114 Operating Income
Laba Rugi Bersih 244
258 48
355 695
Net Income Loss EBITDA
2,657 2,177
1,197 1,258
1,596 EBITDA
Jumlah Aset 18,858
17,998 17,109
17,765 19,742
Total Assets Jumlah Liabilitas
6,648 6,844
6,731 7,325
8,966 Total Liabilities
Jumlah Ekuitas 5,665
5,572 4,832
4,845 6,005
Total Stockholders’ Equity Laba Rugi Bersih Per Saham
Dasar dalam Rupiah Penuh
8.50 8.82
1.67 49
119 Basic Earnings Loss Per Share
in Full Rupiah Laba Bersih Per Saham Dilusian
dalam Rupiah Penuh
7.57 6.62
- -
110 Diluted Earnings Per Share
in Full Rupiah Modal Kerja Bersih
4,570 2,429
3,072 4,757
5,873 Net Working Capital
Investasi Pada Entitas Asosiasi 4
5 6
6 6
Investments in Associates
raSIO Keuangan uTaMa 2011
2010 2009
2008 2007
key Financial ratio
Laba Rugi Bersih Jumlah Pendapatan Usaha
3.17 3.78
-0.88 -5.98
14.34 Net Income Loss
Total Revenue Laba Rugi Bersih
Jumlah Aset
1.30 1.44
-0.28 -2.00
3.52 Net Income Loss
Total Assets Laba Rugi Bersih
Jumlah Ekuitas
4.31 4.64
-0.99 -7.33
11.58 Net Income Loss
Total Stockholders’ Equity Jumlah Liabilitas
Jumlah Ekuitas
117.37 122.83
139.29 151.17
149.30 Total Liabilities
Total Stockholders’ Equity Jumlah Liabilitas
Jumlah Aset
35.26 38.03
39.34 41.23
45.42 Total Liabilities
Total Assets EBITDA
Jumlah Pendapatan Usaha
34.44 31.87
21.90 21.17
32.92 EBITDA
Total Revenue DIvIDEn
2011 2010
2009 2008
2007 DIvIDEND
Dividen Tunai Per Saham dalam Rupiah penuh
2 -
- 5
5 Cash Dividend Per Share
in full Rupiah
Yang dapat diatribusikan kepada pemilik entitas induk. Disajikan kembali untuk mencerminkan pengaruh pembagian saham
bonus tahun 2010. Laba Usaha = Laba Kotor - Beban Umum dan Administrasi.
Yang dapat diatribusikan kepada pemilik entitas induk. Attributable to Parent Entity.
Restated to relect the changes due to the distribution of 2010 bonus shares.
Operating Income = Gross Proit - General Administration Expense.
Attributable to Parent Entity.
Ikhtisar Keuangan
FInAnCIAL HIGHLIGHTS
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
5
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
Pendapatan | revenues laba rugi Bersih | net income loss
eBITDa | ebitda jumlah aset | total assets
jumlah liabilitas | total liabilities jumlah ekuitas | total equity
dalam miliar Rupiah | in billion Rupiah dalam miliar Rupiah | in billion Rupiah
dalam miliar Rupiah | in billion Rupiah dalam miliar Rupiah | in billion Rupiah
dalam miliar Rupiah | in billion Rupiah dalam miliar Rupiah | in billion Rupiah
Yang dapat diatribusikan kepada Pemilik Entitas Induk. Attributable to Parent Entity.
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
6
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
2011 2010
2009 2008
2007
Jumlah Saham Beredar 29,968,494,291
29,848,162,845 7,236,933,545
7,236,933,545 7,236,259,371 Number of Outstanding Shares
nilai nominal dalam Rupiah penuh
100 100
100 100
100 Nominal value
in full Rupiah
Periode Konversi Tanda Bukti Utang Konversi TBUK adalah 23 Agustus 2007 - 23 Juli 2012 Conversion Period of Convertible Bonds is 23 August 2007 - 23 July 2012 Periode opsi Saham Karyawan Tahap I II adalah Desember 2010 - oktober 2013 Period of Employee Stock Option Phase I and II is December 2010 - October 2013
Periode opsi Saham Karyawan Tahap III adalah oktober 2011 - oktober 2013 Period of Employee Stock Option Phase I II is October 2010 - October 2013 in full Rupiah
jumlah Saham | number of Shares
Kronologis Pencatatan Saham | chronology of Share listing
Keterangan Remarks
Saham yang ditawarkan
Shares ofered Waran yang
ditawarkan Warrant ofered
Jumlah Saham Total Number of
Shares Tanggal Efektif dari Bapepam-
LK Persetujuan RUPSLB Date of efective statement
from Bapepam-LKExtraordinary Shareholders Meeting Approval
Tanggal Pencatatan Listing Date
BEI | IDX BEJ | JSX
BES | SSX Penawaran Umum Perdana Initial Public
Ofering 123,000,000
- 428,000,000
28-oct-97 24-nov-97
24-nov-97 Pemecahan Saham Stock Split
428,000,000 -
856,000,000 6-Aug-99
8-Sep-00 8-Sep-00
Pemecahan Saham Stock Split 1,284,000,000
- 2,140,000,000
5-Jan-00 8-Feb-00
8-Feb-00 Penawaran Tanpa HMETD Non-Preemptive
Rights 107,000,000
- 2,247,000,000
27-Sep-99 4-Jul-00
4-Jul-00 Penawaran Umum Terbatas I
Right Issue I 253,597,938
374,500,000 2,500,597,938
22-Jun-01 20-Jul-01
20-Jul-01 Penawaran Umum Terbatas II
Right Issue II 706,000,250
875,209,278 3,206,598,188
20-Sep-02 16-oct-02
16-oct-02 Penawaran Umum Terbatas III
Right Issue III 847,644,338
565,096,225 5,227,242,032
7-Jun-04 21-Jun-04
21-Jun-04 Penawaran Umum Terbatas IV
Right Issue IV 1,829,534,711
- 7,056,776,743
27-Jun-07 28-Jun-07
12-Jul-07 Penawaran Umum Terbatas TBUK
Convertible Bonds 1,346,367,238
- 8,403,144,481
27-Jun-07 Pembagian Saham Bonus Bonus Shares
22,129,311,567 - 29,809,671,845
14-Apr-10 21 May 10
Opsi Saham karyawan I dan II Employee Stock Option I and II
308,467,533 - 29,848,162,845
14-Apr-10 Opsi Saham karyawan III Employee Stock
Option III 212,544,067
- 29,968,494,291 2-May-11
Ikhtisar Saham dan efek lainnya
STOCK AnD OTHER SECURITIES HIGHLIGHTS
harga Saham | Stock Price
2011 2010
2009 2008
2007
Tertinggi 300
335 290
1,080 1,590
Highest Terendah
159 48
135 166
480 Lowest
Penutupan 295
163 199
199 1,050
Closing Kapitalisasi pasar
dalam miliar Rupiah 8,840.71
4,865.25 1,440.15
1,440.15 7,.598.07
Market capitalization in billion Rupiah
dalam Rupiah penuh
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
7
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
Pembukaan Open
Terendah Lowest
Tertinggi Highest
Penutupan Closing
Pembukaan Open
Terendah Lowest
Tertinggi Highest
Penutupan Closing
PerIODe Period 2011
2010 Triwulan 1 1
st
Quarter 165
165 197
174 48
48 245
200 Triwulan 2 2
nd
Quarter 174
163 255
235 198
121 335
130 Triwulan 3 3
rd
Quarter 235
159 275
183 130
85 143
116 Triwulan 4 4
th
Quarter 180
167 300
295 116
113 185
163
Pembukaan Open
Terendah Lowest
Tertinggi Highest
Penutupan Closing
Pembukaan Open
Terendah Lowest
Tertinggi Highest
Penutupan Closing
PerIODe Period 2011
2010 Triwulan 1 1
st
Quarter 227,146,500
13,262,500 445,239,000
59,966,000 292,000
16,000 449,916,000
24,994,000 Triwulan 2 2
nd
Quarter 112,469,000
6,250,500 666,452,000
28,787,000 54,804,000
27,369,500 1,346,017,500 72,644,000
Triwulan 3 3
rd
Quarter 25,420,000
6,873,500 723,601,500
80,740,500 95,132,000
21,484,000 1,549,337,000 78,916,500
Triwulan 4 4
th
Quarter 27,266,500
3,918,500 271,928,000
54,872,000 28,282,500
20,412,000 1,213,417,500 23,711,500
harga Saham Triwulanan | Quarterly Stock Price
graik Pergerakan harga Saham | Stock Price Movements Graph volume Perdagangan Saham Triwulanan | Quarterly Stock trading Volume
Dalam Rupiah penuh In full Rupiah
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
8
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
Ikhtisar Obligasi | bond Highlights
OBlIgaSI bondS
Tanggal Penerbitan
Publish Date Jumlah
Total Jangka
Waktu Time
Period Tingkat
Bunga Interest Rate
Tanggal Jatuh Tempo
Maturity Date Peringkat
Awal Emisi Initial Bond
Rating Lembaga Pemeringkat
Rating Institution
Obligasi Bhakti Investama I Tahun 1999 dengan Tingkat Bunga Tetap
dan Mengambang. Bhakti Investama I of 1999 Bonds with
Fixed and Floating Interest Rates. 02-11-1999
Rp100,000,000,000 5 tahun
5 years 17.50
01-11-2004 BBB
PT Kasnic DCR Indonesia
Obligasi Bhakti Investama II Tahun 2002 dengan Tingkat Bunga Tetap.
Bhakti Investama II of 2002 Bonds with Fixed Interest Rate.
28-06-2002 Rp150,000,000,000
3 tahun 3 years
19.25 27-06-2005
A- idBBB
PT Kasnic Credit Rating Indonesia PT Pemeringkat Efek Indonesia
Obligasi Bhakti Investama III dengan Tingkat Bunga Tetap.
Bhakti Investama III Bonds with Fixed Rate.
14-06-2004 Rp100,000,000,000
3 tahun 3 years
13 11-06-2007
A- idBBB
PT Kasnic Credit Rating Indonesia PT Pemeringkat Efek Indonesia
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
9
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
Peristiwa Penting
SIGnIFICAnT EVEnTS
Maret
Perseroan menyelesaikan rebranding atas anak-anak usaha di bawah Bhakti Capital Indonesia dimana logo dan nama
perusahaan masing-masing berubah menjadi MnC Securities, MnC Finance, MnC Asset Management, dan MnC Life Assurance.
April
Perseroan melaksanakan Rapat Umum Pemegang Saham •
Tahunan RUPST dan Rapat Umum Pemegang Saham Luar Biasa RUPSLB serta Paparan Publik Tahunan.
Perseroan melaksanakan •
Management and Employee Stock Option Program
MESoP tahap II sebanyak 134.797.000 saham dengan harga pelaksanaan Rp117 per saham.
Oktober
Perseroan melaksanakan Management and Employee Stock Option Program
MESoP tahap III sejumlah 212.544.067 saham dengan harga pelaksanaan Rp117 per saham.
November
Perseroan menyelenggarakan Rapat Umum Pemegang Tanda Bukti Utang Konversi RUPTBUK.
Desember
Perseroan membagikan dividen tunai senilai Rp2 per saham, dengan total nilai Rp59.520.956.582.
March
The Company wrapped up the rebranding program of its subsidiaries under Bhakti Capital Indonesia, followed by the change of names
and logos of each company to MNC Securities, MNC Finance, MNC Asset Management, and MNC Life Assurance.
April
The Company held the Annual General Meeting of Shareholders •
AGMS, an Extraordinary General Meeting of Shareholders EGMS and the Annual Public Expose.
The Company executed the 2 •
nd
phase of the Management and Employee Stock Option Program MESOP, amounting to
134,797,000 shares at Rp117 per share.
October
The Company executed the 3
rd
phase of the MESOP, amounting to 212,544,067 shares at Rp117 per share.
November
The Company held a General Meeting of Bondholders GMB.
December
The Company distributed a cash dividend of Rp2 per share, with total value of Rp59,520,956,582.
Perseroan corporate
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
10
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
April
Global Mediacom MNC Media held its AGMS for Fiscal Year •
2010 and EGMS in Jakarta. Media Nusantara Citra MNC held its AGMS for Fiscal Year 2010
• and EGMS in Jakarta.
May
The groundbreaking of the new oice building of Seputar Indonesia daily newspaper.
June
MNC entered into a cooperation agreement with INASOC SEA Games Committee as a broadcasting partner for some of the sports activities
in the SEA Games.
August
The groundbreaking of oice building and studios of 3 Tv stations •
RCTI, MNC Tv and Global Tv at RCTI Complex in Kebon Jeruk. MNC Media signed a cooperation agreement with MD
• Entertainment.
September
“Trijaya Radio” changed its name to “SINDO Radio in conjuction with the launch of SINDO Media, MNCs new 5-in-1 regional strategy.
Sektor Media Media Sector
April
Global Mediacom MnC Media mengadakan RUPST Tahun •
Buku 2010 dan RUPSLB di Jakarta. Media nusantara Citra MnC mengadakan RUPST Tahun Buku
• 2010 dan RUPSLB di Jakarta.
Mei
Pemasangan tiang
pancang groundbreaking
gedung perkantoran untuk koran harian Seputar Indonesia.
Juni
MnC melakukan kerja sama dengan InASoC Panitia SEA Games untuk menjadi pemegang hak siar untuk beberapa cabang olah raga
pada nasional SEA GAMES.
Agustus
Pemasangan tiang pancang •
groundbreaking pembangunan
perkantoran dan studio-studio untuk 3 Tv RCTI, MnC Tv dan Global Tv di Kompleks RCTI Kebon Jeruk.
MnC Media menjalin kerja sama dengan MD •
Entertainment.
September
Perubahan nama “Radio Trijaya” menjadi “SInDo Radio” dalam rangka peluncuran SInDo Media, yang merupakan strategi 5-in-1.
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
11
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
Oktober
MnC Media menandatangani nota Kesepahaman menjalin •
kerjasama dengan PT Liga Prima Indonesia Sportindo untuk menyiarkan Liga Sepakbola Indonesia – yang dikenal dengan
nama Indonesian Premier League IPL. MnC Media menandatangani perjanjian dengan Saban Capital
• Group Inc. atas penjualan 5 saham MnC yang ke depannya
akan melakukan ekspansi dengan menambah 2,5 dalam jangka waktu 27 bulan.
MnC secara resmi meluncurkan SInDo Media yang •
merupakan strategi media baru 5-in-1, yang terdiri dari jaringan 21 FTA Lokal SInDoTv, harian Seputar Indonesia
edisi lokal, website- SInDonews.com dan SInDo Radio. Pelaksanaan pemasangan tiang pancang
• groundbreaking
gedung MnC news Center yang terletak di areal MnC Tower.
Desember
MnC Media membagikan dividen sebesar Rp10saham •
dengan total sejumlah Rp135,63 miliar. MnC mendistribusikan dividen sebesar Rp15saham dengan
• total sejumlah Rp207,32 miliar.
MnC mengadakan RUPSLB. •
October
MNC Media signed a Memorandum of Understanding with •
PT Liga Prima Indonesia Sportindo to broadcast the Indonesian Premier League IPL.
MNC Media signed an agreement with Saban Capital Group •
Inc. to purchase a 5 stake in MNC with an additional option to purchase a further 2.5 within 27 months.
MNC formally launched •
SINDO Media , the new 5-in-1 regionally
focused media strategy. SINDO Media is comprised of MNCs Network of 21 Local FTA Station SINDOTv, Newspaper Seputar Indonesia
local edition, website- SINDOnews.com and SINDO Radio. The groundbreaking of the new MNC News Center building in
• the premises of the MNC Tower.
December
MNC Media distributed a dividend of Rp10share amounting to •
a total of Rp135.63 billion. MNC distributed a dividend of Rp15share, amounting to a total
• of Rp207.32 billion.
MNC held an EGMS. •
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
12
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
Januari
MnC Life Assurance MnC Life meresmikan kantor pemasaran yang pertama di Jakarta.
Februari
MnC Life meresmikan kantor pemasaran kedua di Bandung.
Maret
MnC Life meresmikan kantor pemasaran ketiga di Jakarta. •
MnC Asset Management melalui produk Reksa Dana MnC Dana •
Ekuitas memperoleh penghargaan ‘Best Mutual Funds 2011’ versi Majalah Investor Kategori Reksadana Saham Periode 1 Tahun
Aset Dibawah Rp100 miliar, sedangkan untuk produk Reksa Dana MnC Dana Lancar meraih penghargaan ‘Best Mutual Funds 2011’
versi Majalah Investor Majalah Investor Kategori Reksadana Pasar Uang Periode 3 Tahun dan Reksa Dana MnC Dana Lancar meraih
penghargaan ‘Best Mutual Funds 2011’ versi Majalah Investor Kategori Reksadana Pasar Uang Periode 1 Tahun.
April
Bhakti Capital Indonesia BCAP menyelenggarakan RUPST RUPSLB serta Paparan Publik Tahunan.
Juni
MnC Life membuka kantor pemasaran yang ke-4 di Medan. •
MnC Securities membuka kantor cabang ke-18 di Gajah Mada, Jakarta. •
MnC Securities membuka kantor cabang ke-19 di Suryo, Jakarta. •
January
MNC Life Assurance MNC Life oicially opened its irst marketing oice in Jakarta.
February
MNC Life inaugurated the second marketing oice in Bandung.
March
MNC Life inaugurated its third marketing oice in Jakarta. •
MNC Asset Management earned a ‘Best Mutual Funds 2011’ •
award from Investor Magazine with its MNC Dana Ekuitas Mutual Fund product in the 1-Year Equity Fund with Assets Below
Rp100 billion category, while its MNC Dana Lancar Mutual Fund product received ‘Best Mutual Funds 2011’ awards in the Three-
Year Period Money Market Mutual Fund category and the 1-Year Period Money Market Mutual Fund category.
April
Bhakti Capital Indonesia BCAP held its AGMS and EGMS as well as the Annual Public Expose.
June
MNC Life opened its 4 •
th
marketing oice in Medan. MNC Securities opened its 18
•
th
branch at Gajah Mada, Jakarta. MNC Securities opened its 19
•
th
branch at Suryo, Jakarta.
Sektor jasa Keuangan Financial Services Sector
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
13
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
Juli
MnC Life meluncurkan dua produk andalan, yaitu asuransi kesehatan •
Hario Sehat dan asuransi kecelakaan Hario Siaga. MnC Asset Management meluncurkan produk baru, yaitu Reksa
• Dana MnC Dana Dollar.
MnC Securities dan MnC Life menandatanganani perjanjian kerja •
sama untuk menyediakan layanan asuransi kecelakaan Hario Siaga kepada nasabah baru MnC Securities.
MnC Life menandatangani perjanjian kerjasama eksklusif dengan •
Rakuten Belanja online dalam bentuk pemasaran asuransi kecelakaan Hario Siaga secara online di www.rakuten.co.id.
MnC Securities menerbitkan obligasi MnC Securities II Tahun •
2011 Dengan Tingkat Bunga Tetap sebesar Rp100 miliar. obligasi ini dibagi dalam dua seri. Seri A sebesar Rp41 miliar,
berjangka waktu tiga tahun dengan tingkat bunga 12,5. Seri B sebesar Rp59 miliar, berjangka waktu lima tahun dengan
tingkat bunga 13,25. obligasi ini dicatatkan di Bursa Efek Indonesia pada 06 Juli 2011.
MnC Securities membuka kantor cabang ke-20 di Gandaria,
• Jakarta.
MnC Securities membuka kantor cabang ke-21 di Pojok BEI Tazkia, •
Sentul City, Jakarta. MnC Securities membuka kantor cabang ke-22 di Medan, Sumatera.
•
Agustus
MnC Securities bertindak sebagai penasihat keuangan PT Rajawali Citra Televisi Indonesia dalam transaksi Senior Secured
Credit Facility sebesar US75 juta dari Standard Chartered Bank.
July
MNC Life launched two new products, Hario Sehat, a health •
insurance product and Hario Siaga, an accident insurance product. MNC Asset Management launched a new product, the MNC Dana
• Dollar Mutual Fund.
MNC Securities and MNC Life signed a cooperation agreement for •
the provision of an accident insurance product, Hario Siaga, to new clients of MNC Securities.
MNC Life signed an exclusive agreement with Rakuten Belanja •
Online to market its Hario Siaga accident insurance product on www.rakuten.co.id.
MNC Securities issued MNC Securities II 2011 Fixed Rate Bonds •
amounting to Rp100 billion. The bonds were issued in two series. The A series amounted to Rp41 billion, maturing in three years
and with an interest rate of 12.5. The B series amounted to Rp59 billion, with a ive-year tenor and an interest rate of 13.25.
The bonds were listed on the Indonesia Stock Exchange on July 6, 2011.
MNC Securities opened its 20
•
th
branch at Gandaria, Jakarta. MNC Securities opened its 21
•
st
branch at BEI Tazkia Corner, Sentul City, Jakarta.
MNC Securities opened its 22 •
nd
branch in Medan, Sumatra.
August
MNC Securities acted as inancial advisor for PT Rajawali Citra Televisi Indonesia’s Senior Secured Credit Facility transaction, amounting to
US75 million from Standard Chartered Bank.
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
14
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
September
MnC Securities membuka kantor cabang ke-23 di Bandung, •
Jawa Barat. MnC Finance memperoleh penghargaan sebagai perusahaan
• pembiayaan dengan aset dibawah Rp1 triliun dengan predikat
“SAnGAT BAGUS” dari majalah Info Bank.
Oktober
MnC Securities membuka kantor cabang ke-24 di Pati, Jawa •
Tengah. MnC Securities bertindak sebagai penasihat keuangan untuk MnC
• Media dan Saban Capital Group Inc. dalam rangka penjualan saham
MnC sebesar Rp693 miliar.
November
MnC Life meluncurkan produk •
unit link pertamanya, Hario Link, dan
produk asuransi penyakit kritis, Hario 911. MnC Life memberikan sponsor Asuransi Sang Juara kepada para
• atlet Indonesia peraih medali emas dalam ajang SEA Games ke-26.
Desember
BCAP membagikan dividen tunai senilai Rp2 per saham, •
dengan total nilai sebesar Rp2.500.350.000. BCAP menyelesaikan aksi akuisisi terhadap 99,9 saham
• PT Jamindo General Insurance Jamindo yang kemudian
diubah namanya menjadi PT MnC Asuransi Indonesia.
September
MNC Securities opened its 23 •
rd
branch in Bandung, West Java. MNC Finance earned a ‘vERY GOOD’ rating from Info Bank
• Magazine in the category of inancing companies with assets
under Rp1 trillion.
October
MNC Securities opened its 24 •
th
branch in Pati, Central Java.. MNC Securities acted as inancial advisor for MNC Media and
• Saban Capital Group Inc. in the MNC stock sale deal valued at
Rp693 billion.
November
MNC Life launched its irst unit link, Hario Link, and an insurance •
product for critical illness, Hario 911. MNC Life sponsored Asuransi Sang Juara for Indonesian gold-
• winning athletes at the 26
th
SEA Games.
December
BCAP distributed cash dividend of Rp2 per share, amounting to a •
total of Rp2,500,350,000. BCAP completed acquisition of a 99.9 stake in PT Jamindo
• General Insurance Jamindo, whose name was then changed
to PT MNC Asuransi Indonesia.
Sekilas Perseroan
The cOMPany aT a glance
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
16
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
Pada bulan Februari 1990, Perseroan memindahkan kantor pusat ke Jakarta. Pemindahan kantor pusat ini telah meningkatkan kapabilitas
perusahaan untuk terus bertumbuh sejalan dengan perkembangan bursa. Sejak tahun 1994, bisnis Perseroan semakin berkembang yang
mencakup seluruh aspek kegiatan di pasar modal, yaitu di antaranya perdagangan dan perantara perdagangan efek, penasihat investasi,
pengelolaan investasi, penjamin emisi, originasi dan sindikasi, penasihat keuangan dan jasa riset.
Untuk memperkuat eksistensinya, sejak tahun 1995 Perseroan mulai merambah bisnis merger dan akuisisi serta meluncurkan
beberapa produk reksa dana. Pada tahun 1997, Perseroan dengan percaya diri masuk ke bursa saham dengan melakukan
Penawaran Umum Saham Perdana untuk 123 juta lembar saham di harga Rp700 per lembar saham dan mendaftarkan sahamnya
di Bursa Efek Jakarta dan Bursa Efek Surabaya yang kemudian merger
menjadi “Bursa Efek Indonesia”. Setelah menjadi perusahaan publik, Perseroan terus berevolusi
hingga kini menjadi sebuah perusahaan investasi yang terkemuka di Indonesia. Transformasi bisnis menjadi program utama Perseroan
yang diwujudkan melalui sejumlah aksi korporasi, yaitu meliputi restrukturisasi, penggabungan usaha, akuisisi dan aksi investasi
langsung. Dalam melaksanakan investasi portofolio, Perseroan menerapkan pendekatan investasi yang sudah teruji dalam efek
bersifat hutang maupun instrumen ekuitas. Untuk investasi jangka pendek, Perseroan menargetkan investasi di surat berharga yang
In February 1990, the Company moved its head oice to Jakarta. The relocation improved the Company’s capability to keep
developing in line with the dynamics of the stock exchange business. Since 1994, the Company has expanded its core business
to cover broader stock exchange-related activities, including securities trading and brokerage, investment advisory, investment
management, underwriting, origination and syndication, inancial advisory and research services.
To strengthen its presence, the Company has, since 1995, sought to expand through mergers and acquisitions and has launched a
number of mutual fund products. In 1997, the Company conducted an Initial Public Ofering by issuing 123 million shares at Rp700 per
share and listing its stocks on both the Jakarta Stock Exchange and the Surabaya Stock Exchange which later were merged into
the Indonesia Stock Exchange.
Since becoming a publicly listed company, the Company has continued to evolve, and is now positioned as one of the leading
investment companies in Indonesia. Business transformation has been a key program of the Company, and has been realized
through corporate actions such as restructuring, mergers, acquisitions and direct investment. In making portfolio
investments, the Company takes an investment approach that has been tested on debt securities as well as equity investments.
For short-term investments, the Company focuses on marketable
Proil Singkat
BRIEF PROFILE
Didirikan pada tanggal 2 november 1989 di Surabaya dengan nama PT Bhakti Investments, kemudian berubah nama menjadi PT Bhakti Investama Tbk
Perseroan. Pada awalnya Perseroan hanya memfokuskan diri pada kegiatan terkait pasar modal. Pasar modal di Indonesia saat itu baru diaktifkan kembali oleh
Pemerintah melalui berbagai deregulasi dan fasilitas.
Established on November 2, 1989 in Surabaya under the name of PT Bhakti Investments, the Company subsequently changed its name to PT Bhakti Investama Tbk “the Company”.
In the early years, the Company focused on stock exchange activities. At that time, Indonesia’s stock exchange was being revived by the Government through the
implementation of several deregulation policies and facilities.
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
17
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
18
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
dapat diperdagangkan marketable securities sementara untuk investasi jangka panjang, Perseroan bekerjasama dengan investor
strategis dalam merealisasikan aksi akuisisi terhadap perusahaan yang sehat dari sisi arus kas dan modal untuk jangka panjang.
Dari aksi korporasi yang dilakukan Perseroan, telah lahir beberapa unit bisnis strategis baru, di antaranya PT Global Mediacom Tbk
MnC Media yang merupakan sub holding Perseroan untuk sektor Media dan PT Bhakti Capital Indonesia Tbk MnC Financial
Services yang merupakan sub holding di bidang jasa keuangan. Dalam hal portofolio investasi, Perseroan berhasil menguasai 20
kepemilikan di PT MnC Sky vision 99,9 di PT Global Transport Services serta di beberapa portofolio investasi lainnya.
Sejak tahun 2010, ekspansi Perseroan semakin meluas dengan merangkul portofolio investasi baru. Perseroan telah melakukan
serangkaian persiapan yang matang untuk mewujudkan rencana diversiikasi ke sektor-sektor usaha yang akan menopang
kelanjutan bisnis Perseroan, yaitu di antaranya sumber daya alam yang akan menjadi pilar ketiga setelah media dan jasa keuangan.
Sejalan dengan hal ini, ekspansi di jasa keuangan terus berlanjut melalui aksi akuisisi yang dilakukan oleh anak perusahaan
Perseroan atas perusahaan asuransi jiwa PT MnC Life Assurance di tahun 2010, dan yang terakhir adalah akuisisi perusahaan
asuransi kerugian pada tahun 2011, PT MnC Asuransi Indonesia.
Semakin lengkapnya layanan yang diberikan Perseroan dengan sendirinya telah meningkatkan kepercayaan para investor kepada
Perseroan, baik investor individu maupun institusi dari dalam maupun luar negeri. Proil investor yang bergabung dengan
Perseroan di antaranya dana pensiun, perbankan, asuransi maupun perusahaan pengelola dana Fund Management.
securities, while for long-term investments, the Company cooperates with strategic investors to realize acquisitions of a
financially healthy companies to support long-term business operations.
The corporate actions resulted in a number of new strategic business units, including PT Global Mediacom Tbk MNC Media,
a sub-holding company for the media businesses, and PT Bhakti Capital Indonesia Tbk MNC Financial Services, a sub-holding
company for inancial services. The Company succeeded in acquiring a 20 ownership stake in PT MNC Sky vision and a
99.9 stake in PT Global Transport Services among other portfolio investments.
Since 2010, the Company’s business has undergone considerable expansion into other new portfolio investments. The Company has
conducted a series of preparation for a diversiication into sectors that could support the sustainability of the Company, including
the natural resources sector, which will become the third pillar of the Company’s business after media and inancial services. In line
with this, the Company continued to expand its inancial services business through the acquisition by one of its subsidiaries of a life
insurance company, PT MNC Life Assurance, in 2010, and most recently of a general insurance company towards the end of 2011,
PT MNC Asuransi Indonesia.
With a more comprehensive portfolio of products and services, the Company has earned greater trust from investors, including
individual and institutional investors in both domestic and international markets. The Company’s investor proile includes
pension funds, banking, insurance and fund management companies.
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
19
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
visi
Menjadi perusahaan investasi yang terkemuka, baik di dalam negeri, maupun di luar negeri,
khususnya di kawasan Asia Pasiik.
Misi
Secara konsisten meningkatkan kesejahteraan dan nilai tambah bagi para pemegang saham,
investor, mitra bisnis, karyawan serta seluruh pemangku kepentingan lainnya.
filosoi Perusahaan
Visi
Kemampuan dalam melihat peluang yang ada.
Integritas
Kemampuan dalam membangun kepercayaan di antara investor dan komunitas bisnis.
Persistensi
Kekuatan untuk mengejar kesempatan dalam keadaan yang sulit.
Vision
To be a leading investment company, both domestically and internationally, particularly in
the Asia Paciic region.
Mission
To consistently improve welfare and added value for the shareholders, investors, business partners,
employees and other stakeholders.
company Philosophy
Vision
The capability to beneit from opportunities.
Integrity
The capability to build trust among investors and the business community.
Persistence
The strength to realize opportunities amid diicult times.
visi, Misi dan filosoi Perusahaan
VISIOn, MISSIOn AnD COMPAny PHILOSOPHy
PT Bhakti Investama Tbk Laporan Tahunan 2011
Kilas Kinerja Tahun 2011
PERFORMANCE HIGHLIGHTS IN 2011
Laporan Kepada Pemegang Saham
REPORT TO THE SHAREHOLDERS
Komitmen Investasi Perusahaan
INVESTMENT COMMITMENT OF THE COMPANY
20
Sekilas Perseroan
THE COMPANY AT A GLANCE
Analisa dan Diskusi Manajemen
MANAGEMENT DISCUSSION AND ANALYSIS
DEwAn KOMISARIS Board of Commissioners
DIREKTUR UTAMA President Director
KOMITE AUDIT Audit Committee
InTERnAL AUDIT Internal Audit
Sumber Daya Manusia Umum
Human Resources General Afairs
Manajemen Portofolio
Portfolio Management
Sistem Informasi Manajemen
Management Information System
Keuangan Finance
Hukum Legal
Akuntansi Pajak Accounting Tax
SEKRETARIS PERUSAHAAn HUBUnGAn InVESTOR
Corporate SecretaryInvestor Relations DIREKSI
Board of Directors
Struktur Organisasi
ORGAnIzATIOn STRUCTURE
2011 Annual Report PT Bhakti Investama Tbk
Tata Kelola Perusahaan
GOOD CORPORATE GOVERNANCE
Sumber Daya Manusia
HUMAN RESOURCES
Tanggung Jawab Sosial Perusahaan
CORPORATE SOCIAL RESPONSIBILITY
21
Data Perseroan
CORPORATE DATA
Laporan Keuangan Konsolidasian
CONSOLIDATED FINANCIAL STATEMENTS
Komposisi Pemegang Saham
SHAREHOLDERS COMPOSITIOn
Pemegang Saham Shareholders Kepemilikan Saham Share Ownership
Di atas 5 above 5 PT Bhakti Panjiwira
5,519,894,112 18.42
Hary Tanoesoedibjo 5,111,398,000
17.06 Citibank Singapore
2,408,696,000 8.04
UoB Kay Hian Private Limited 1,797,000,000
6.00 UBS AG Singapore
1,685,000,000 5.62
Sub Total 16,521,988,112
55.14 Masyarakat di bawah 5 Public below 5
