PT Bakrieland Development Tbk Laporan Tahunan 2016
MDA Report Profil Perusahaan
Company Profile Laporan Manajemen
Housing
Eventhough the mortgage interest declined in 2016, in line with the decrease in BI benchmark interest rates,
the relatively weak economic growth as well as a more aggressive tax reporting and collection system in 2016
caused the demand for homes to remain weak. However, mortgage growth slightly improved, namely to 7.7 in
2016 compared to 7.0 in the previous year.
Shopping Centers
The demand for retail property is still dominated by the Food and Beverage FB sector, however supermarkets,
household and entertainment cinema needs are still growing. Quite a number of new retailers are starting their
operations in 2016, thus causing retail supplies to increase by 2.7 YoY in 2017. The four shopping centers are Bassura
City Mall East Jakarta, Neo SOHO Mall West Jakarta, PIK Pantai Indah Kapuk Avenue North Jakarta, and Green
Pramuka City Mall Central Jakarta. The addition of new supply amid weak demand makes tenancy rates decrease
by approximately 2 to 82 in 2016.
Financial Position
I. Financial Position Assets
The Company’s total assets decreased by 4 from Rp14,688.8 billion on 31 December 2015 to
Rp14,063.7 billion on 31 December 2016. The decrease was due to the divestment plan of a Subsidiary, namely
PT Bakrie Nirwana Semesta, thus the assets of PT Bakrie Nirwana Semesta were no longer consolidated into the
Financial Statements of PT Bakrieland Development Tbk.
Receivables
Receivables increased by 31 from Rp544.4 billion on 31 December 2015 to Rp715.5 billion on
31 December 2016. The increase in receivables occurred both in receivables to third parties and receivables to
related parties. The increase was mainly due to the sales and rental of Bakrie Tower office spaces.
Inventory
The Company recorded a decrease of inventory by 18 from Rp1,883.8 billion on 31 December 2015
to Rp1,552.8 billion on 31 December 2016. These inventories arised from the Company’s operational
activities, namely the development of property projects that produce buildings that are ready for sale,
construction in progress, or property in the form of land.
Perumahan
Kendati bunga KPR cenderung mengalami penurunan di tahun 2016 seiring penurunan suku bunga acuan BI, masih
relatif lemahnya pertumbuhan ekonomi serta kekhawatiran terhadap pajak yang lebih agresif di tahun 2016 membuat
permintaan terhadap rumah masih tetap lemah. Namun, pertumbuhan KPR sesungguhnya mengalami sedikit
perbaikan yaitu 7,7 di tahun 2016 dibandingkan dengan 7,0 di tahun sebelumnya.
Pusat Perbelanjaan
Permintaan terhadap properti retail masih didominasi oleh sektor Makanan dan minuman FB, namun supermarket,
kebutuhan rumah tangga dan hiburan cinema masih tetap tumbuh. Cukup banyak retail baru yang memulai kegiatan
operasionalnya di tahun 2016, sehingga menyebabkan pasokan retail meningkat sekitar 2,7YoY di tahun 2017.
Keempat pusat perbelanjaan itu adalah Bassura City Mall Jakarta Timur, Neo SOHO Mall Jakarta Barat, PIK
Pantai Indah Kapuk Avenue Jakarta Utara, dan Green Pramuka City Mall Jakarta Pusat. Tambahnya pasokan
baru di tengah permintaan yang masih lemah membuat tingkat okupansi mengalami penurunan sekitar 2 ke 82
di tahun 2016.
Aspek Keuangan
I. Posisi Keuangan Aset
