Bakrieland AR2010 Final complete
(2)
EmPowEring
ThE communiTy
commiTTing To
our FuTurE
Sebagai komitmen Perusahaan untuk memelihara lingkungan di bumi Indonesia, Bakrieland telah menggunakan kertas daur ulang pada buku Laporan Tahunan 2010 ini. As part of the company’s commitment to preserving the environment in Indonesia, Bakrieland has printed the 2010 Annual Report using recycle paper.
(3)
Dua puluh tahun berkarya di bisnis properti, Bakrieland telah
menempatkan diri sebagai salah satu perusahaan properti yang
layak diperhitungkan. Namun pencapaian ini belum lengkap jika
belum berhasil memberikan manfaat bagi masyarakat sekitar,
tempat Bakrieland berdiri dan berkembang. Di tahun 2010 ini,
selain menuntaskan target penyelesaian proyek, Bakrieland juga
mengambil langkah maju untuk lebih fokus dalam kegiatan CSR.
Kami berkomitmen untuk memberikan kontribusi yang lebih berarti
dalam pengembangan masyarakat dan pelestarian lingkungan
sekarang dan di masa mendatang.
After twenty years operating in the property business, Bakrieland
has positioned itself as one of the leading property developers in
Indonesia. However, this success could not have been achieved
without Bakrieland’s contribution of key benefits to the local
communities in which it operates. Besides accomplishing its
project completion targets in 2010, Bakrieland also focused its
efforts on CSR initiatives and activities. We are always committed,
in the most meaningful way, towards community development and
the preservation of the environment for now and in the future.
“SETiAP ruPiAh yAng DihASiLKAn BAKriE, hAruS
DAPAT BErmAnFAAT unTuK orAng BAnyAK.”
Almarhum Achmad Bakrie
-“EVEry ruPiAh EArnED By BAKriE muST comE To
BEnEFiT A LArgE numBEr oF PEoPLE.”
(4)
-Laporan Tahunan 2010 Bakrieland 2
Kegiatan pengembangan masyarakat merupakan
bagian penting yang melekat pada setiap usaha yang
dijalani Bakrieland. Kami ingin tumbuh bersama
masyarakat sekitar dengan memberikan manfaat
sebanyak mungkin pada setiap kawasan yang kami
kembangkan.
(5)
Community development activities are an inherent
part in Bakrieland’s operations. We want to
grow together with the local communities by
engendering a positive multiplier effect in every
development project that we undertake.
(6)
Laporan Tahunan 2010 Bakrieland 4
Lebih dari itu, kami bersyukur bahwa kehadiran
Bakrieland di beberapa daerah telah memberikan
manfaat langsung bagi masyarakat setempat melalui
penyediaan lapangan pekerjaan dan terbukanya
peluang usaha baru.
(7)
Moreover, we are grateful that Bakrieland’s
presence in some areas has given direct benefits to
the local communities by offering employment and
new business opportunities.
(8)
DAFTAR ISI
PEmBuKA
inTroDucTion
38
Laporan Presiden Komisaris
report of the President
commissioner
134
LAPorAn cSr
cSr rEPorT
136 tanggung jawab sosial perusahaan
corporate social responsibility 1 penjelasan tema
description of the theme 8 apa kata mereka tentang
bakrieland
testimony about bakrieland 10 mengapa berinvestasi di
bakrieland?
why invest in bakrieland 12 sekilas perusahaan
company in brief 14 visi dan misi perusahaan
company’s vision and mission 16 nilai-nilai dan budaya perusahaan
corporate values and culture 17 pencapaian bakrieland
bakrieland facts 18 ikhtisar keuangan
financial highlights 22 ikhtisar saham dan obligasi
stocks and bonds highlights 26 aksi korporasi
corporate action 28 ikhtisar bisnis
business highlights 29 struktur perusahaan
corporate structure 30 area kerja
working area
32 jejak langkah perusahaan company milestone 34 peristiwa penting 2010
2010 event highlights 36 penghargaan & sertifikasi
awards & certifications 38 laporan presiden komisaris
report of the president commissioner
44 laporan presiden direktur & ceo report of the president director & ceo
52 pembahasan strategi 2010 2010 strategy overview
56
LAPorAn BiSniS
BuSinESS rEPorT
58 city property 70 landed residential 78 hotel and resort86 property-related infrastructure 94 rencana ke depan
future outlook 96 pemasaran
marketing 102 audit internal
internal audit
106 manajemen risiko dan kepatuhan risk management and compliance 118 sumber daya manusia
human capital 126 teknologi informasi
information technology 130 keselamatan, kesehatan, dan
lingkungan
(9)
coNTeNTS
234
160
299
LAPorAn gcg
gcg rEPorT
LAPorAn mD&A
mD&A rEPorT
DATA PEruSAhAAn
corPorATE DATA
44
Laporan Presiden
Direktur & cEo
report of the President
Director & cEo
300 profil dewan komisaris board of commissioners’ profile 303 profil direksi
board of directors’ profile 305 profil komite-komite
committees’ profile 305 • komite audit
audit committee 306 • komite nominasi dan
remunerasi
nomination and remuneration committee
306 • komite pemantau risiko risk monitoring committee 306 • komite kebijakan corporate
governance
corporate governance regulatory committee 307 manajemen senior
senior management 308 produk & layanan
products & services 312 struktur organisasi
organization structure
313 nama dan alamat anak perusahaan name and addresses of subsidiaries 315 alamat kantor pemasaran unit
usaha/kemitraan business unit marketing 316 informasi bagi pemegang saham
information for shareholders 317 surat pernyataan dewan komisaris
dan direksi
board of commissioners and directors’ statement 318 indeks untuk bapepam-lk
index for bapepam-lk (indonesia capital market & financial institution supervisory agency) 331 laporan keuangan
financial report 236 diskusi dan analisis manajemen
management discussion and analysis 162 laporan penilaian tata
kelola perusahaan assessment report on corporate governance 166 tata kelola perusahaan
corporate governance 204 corporate affairs 208 sekretaris perusahaan
corporate secretary 214 hubungan investor investor relations 220 perlindungan
konsumen consumer protection 223 laporan komite audit
audit committee report 226 laporan komite
pemantau risiko risk monitoring committee report 228 laporan komite
nominasi dan remunerasi nomination and remuneration committee report 230 laporan komite
kebijakan corporate governance
corporate governance policy committee report
(10)
Laporan Tahunan 2010 Bakrieland 8
“Adhi Karya telah bekerja sama (sebagai kontraktor utama) dengan Bakrieland dalam proyek pembangunan tol Kanci-Pejagan. Selama berlangsungnya proyek, kami merasakan kerja sama yang sangat baik dan komitmen yang tinggi dari pihak Bakrieland, tidak hanya di tingkat para pengambil keputusan, tetapi juga sampai ke level bawah. Artinya, keputusan di atas juga sampai dan dilaksanakan di tingkat bawah. Bakrieland sangat terbuka dalam diskusi-diskusi dengan kami untuk masalah teknis. Hal ini mendorong kami untuk banyak menciptakan inovasi teknik, sehingga pekerjaan menjadi lebih cepat, lebih baik dan lebih eisien. Kami berharap untuk dapat terus bekerja sama dan menjadi mitra yang terpercaya bagi Bakrieland untuk masa kini dan yang akan datang.”
”Dengan senang hati saya memperpanjang kerja sama dengan Aston Rasuna untuk sepuluh tahun lagi. Sejak membeli unit lima tahun lalu, saya bisa menikmati return 9-12%. Kini 50 persen investasi saya sudah kembali.”
“I am pleased to extend my partnership with Aston Rasuna for the next ten years. Since buying the unit ive years ago, I have been able to enjoy a 9-12% return. Now 50 percent of my investment is back.”
“Saya memiliki hubungan yang sangat baik dengan BSu maupun Bakrieland. Karena hubungan baik inilah kami ingin melanjutkan kerja sama dengan menawarkan desain terbaru untuk proyek yang akan datang di daerah Sentra Timur. Saya berharap, hubungan baik ini akan terus terjalin.”
“I have an excellent relationship with BSu and Bakrieland. Because of this good relationship we want to continue our cooperation by offering the latest design for the future projects in Sentra Timur area. I hope our good relationship will continue to be maintained.”
Bambang Triwibowo
President Director of PT Adhi Karya (Persero) Tbk
Budhijanto
Unit Owner Aston Rasuna
m. Archica (chicco)
Business Partner for the Wave project Rasuna Epicentrum
APA KATA mErEKA
TeNTANG
BAKriELAnD
Laporan Tahunan 2010 Bakrieland 8
TESTIMONY ABOUT BAKRIELAND
“Adhi Karya has collaborated (as the main contractor) with Bakrieland in the Kanci-Pejagan toll road development project. During the project, we had good teamwork and Bakrieland showed such high commitment, both at the decision-makers’ and operations’ levels. This meant that decisions made by top management were also implemented at the lower levels. Bakrieland was very open in discussions with us on technical problems. This
encouraged us to create many more technical innovations to expedite the work and yield better and more eficient results. We hope to continue the cooperation and become a trusted partner for Bakrieland for now and in the future.”
(11)
“Kini bila hendak memenuhi kebutuhan sehari-hari, berbelanja, menjamu klien atau bersantai bersama teman dan keluarga, saya tinggal melangkah ke epicentrum Walk, tidak jauh dari tempat tinggal saya di The 18th Residence di Rasuna epicentrum, Kuningan, Jakarta. Saya bisa berjalan kaki di udara terbuka dan bersih, sambil melihat pepohonan hijau dan langit serta melewati pedestrian yang nyaman. memang sungguh pengalaman yang langka dan mewah di Jakarta yang macet, bising, dan berdebu ini.”
”Saya termasuk sepuluh orang pembeli pertama sejak Ijen Nirwana Residence (INR) dikembangkan pada awal 2007. Saya langsung jatuh cinta pada INR. INR berada di tengah kota sehingga dekat dengan berbagai fasilitas publik seperti sekolah, rumah sakit, pusat rekreasi dan belanja, namun memiliki suasana yang sejuk dan tenang. Saya selalu memanfaatkan libur akhir pekan atau hari besar untuk menikmati rumah resor saya di INR.”
“I was the irst ten buyers when Ijen Nirwana Residence (INR) was developed in early 2007. I immediately fell in love with the INR. INR is located in the center of town, very close to public facilities such as schools, hospitals, recreation and shopping center. However, it still has fresh atmosphere and very peaceful. I always spend the weekends or holidays to enjoy my resort home in INR.”
Atty Kusmayati
Penghuni Bogor Nirwana Residence
Anggini Setiawan
Apartment Owner at The 18th Residence Rasuna Epicentrum
muliati mujihadi
House Owner at Ijen Nirwana Residence
“Sekarang rasanya saya tidak gampang sakit, lebih tenang dan tentram sejak bermukim di sini. Saya merasakan banyak manfaat dan pengalaman baru setelah menghuni rumah di klaster Tirta Nirwana hampir setahun terakhir ini. Saya suka tempat tanpa polusi udara dan suara untuk bermukim. Selain itu, lokasi ini memiliki fasilitas lengkap seperti kolam renang, pusat rekreasi, kuliner, dan belanja.”
“Now I do not seem to get sick as easily, I’m calmer and more peaceful since living here. I have enjoyed many beneits and new experiences since staying in my house at the Tirta Nirwana cluster for the past year. I like living where there is no pollution and noise. In addition, this location has complete facilities such as swimming pool, recreation center, culinary spots, and shopping outlets.“
“Now, for my daily needs, shopping, entertaining clients or relaxing with friends and family, I just step into epicentrum Walk, not far from where I live at The 18th Residence Rasuna epicentrum, Kuningan, Jakarta. I can walk under the open and clean air, looking at green trees and sky as well as walking on convenient pedestrian track. It is indeed a rare and luxurious experience in the jammed, noisy and dusty Jakarta.”
(12)
Laporan Tahunan 2010 Bakrieland 10
meNGAPA
BErinVESTASi
DI
BAKriELAnD
?
Bakrie Tower, Rasuna epicentrum
WHY INVEST IN
Laporan Tahunan 2010 Bakrieland 10
(13)
LAnD BAnK yAng BESAr
LArgE LAnD BAnK
nErAcA KEuAngAn
yAng SEhAT
SoLiD BALAncE ShEETS
SALAh SATu SAhAm
TErLiKuiD
onE oF ThE moST LiQuiD STocKS
Pertumbuhan pendapatan
rata-rata selama 5 tahun
terakhir
Average growth of
revenues in the last 5
years.
moDEL uSAhA yAng uniK
uniQuE BuSinESS moDEL
Properti dan properti
terkait infrastruktur
(nilai tambah)
Property and
property-related infrastructure
(value creation)
Rasio hutang terhadap
ekuitas
| Debt equity ratio
Rasio hutang setelah
dikurangi kas dan setara
kas terhadap ekuitas
Net Gearing
Rata-rata nilai perdagangan
saham di 2010
Average daily trading value
in 2010
Limitless & Perumnas
Limitless & Perumnas
Total Land Bank
PEmimPin PASAr
mArKET LEADEr
Pengembang
terbesar di Jakarta
cBD dan Kota Bogor
The largest Developer
in Jakarta cBD and
Bogor
54.40
%
rp
50
billion/day
33.73
%
43.70
%
(14)
Laporan Tahunan 2010 Bakrieland 12
DrEAm
DESign
DELiVEr
PT Bakrieland Development Tbk adalah perusahaan pengembang kawasan terpadu di Indonesia yang bergerak dalam pembangunan properti dan proyek-proyek infrastruktur terkait properti. Pada awalnya, Perusahaan didirikan dengan nama PT Purilestari Indah Pratama pada Juni 1990, kemudian berganti nama menjadi PT elang Realty pada Desember 1994, sebelum menjadi PT Bakrieland Development Tbk pada tahun 1997. Sebagai pengembang superblok pertama dan terbesar di kawasan bisnis utama Jakarta, yaitu Rasuna epicentrum Kuningan, Bakrieland telah berhasil mengembangkan berbagai proyek properti perkotaan, kawasan perumahan, serta hotel dan resor kelas dunia di beberapa lokasi strategis dan bergengsi di Indonesia. Keberhasilan Bakrieland menyelesaikan ruas jalan tol Kanci-Pejagan di tahun 2009 menjadikan Bakrieland sebagai perusahaan properti pertama di Indonesia yang memiliki unit usaha dalam bidang pengembangan jalan tol berskala besar. Seluruh proyek Bakrieland dikembangkan dengan konsep ramah lingkungan dan bermanfaat bagi masyarakat sekitarnya. Selama lima tahun terakhir, Bakrieland telah membukukan kinerja keuangan yang solid, ditandai dengan rata-rata pertumbuhan penjualan tahunan yang baik sebesar 33,73%. Dengan kapitalisasi pasar mencapai Rp 6,3 triliun di Bursa efek Indonesia per 31 Desember 2010, Bakrieland merupakan salah satu perusahaan dengan kapitalisasi pasar tertinggi di sektor industri properti.
Dengan proil keuangan yang sehat, portofolio bisnis yang beragam, dan cadangan lahan strategis yang luas, Bakrieland akan terus bertumbuh seiring dengan pengembangan proyeknya di tahun-tahun mendatang.
SEKiLAS PEruSAhAAn
(15)
PT Bakrieland Development Tbk is an integrated property developer that engages in property and property-related project development in Indonesia. At irst, the company was established under the name PT Purilestari Indah Pratama in June 1990, changing to PT elang Realty in December 1994, before becoming PT Bakrieland Development Tbk in 1997. As the irst and largest superblock developer in the central Business District in Jakarta, namely with the Rasuna epicentrum Kuningan, Bakrieland has successfully developed a range of urban properties, residential estates, and world-class hotels and resorts at strategic and prestigious locations in Indonesia. In 2009, with its successful completion of its irst toll road project, called the 35 km Kanci-Pejagan toll road, which connects cirebon (West Java) and Brebes (cental Java). Bakrieland became the only property company in Indonesia having a business unit that operates a large scale toll road development. All of Bakrieland’s project developments emphasize an eco-friendly concept and particularly considers the beneits for the local community.
For the past ive years, Bakrieland has continuously recorded solid inancial performances, as indicated by its good compounded annual growth rate that reaches 33.73%. With market capitalization of Rp 6.3 trillion at the Indonesia Stock exchange as of 31 December 2010, Bakrieland remains as one of the companies with the largest market capitalization in the property sector industry.
With a sound inancial proile, diversiied business portfolio, and large and strategically placed land bank, Bakrieland will continue to lourish in line with its project developments in the years to come.
(16)
Laporan Tahunan 2010 Bakrieland 14
VISI
Vision
Penjelasan Visi Bakrieland
• “Terkemuka di dunia” berarti
Bakrieland bercita-cita untuk menjadi suatu perusahaan yang dikenal dan disegani di masa depan pada tingkat nasional dan internasional.
• “Bidang real estat, properti,
infrastruktur dan bidang usaha terkait properti lainnya” menunjukkan bidang-bidang usaha yang menjadi konsentrasi Bakrieland, yang berkaitan dan saling menunjang satu sama lain untuk menjadi perusahaan terkemuka di dunia.
Description of Bakrieland’s Vision
• “A prominent global company”
means Bakrieland is inspired to be a well-known and respected company in the future at both national and international levels.
• “Real estate, property, infrastructure
and property-related business” demonstrates Bakrieland’s focus on businesses which are related and supportive of one another.
Menjadi perusahaan terkemuka di dunia dalam
bidang real estat, properti, infrastruktur dan
bidang usaha terkait properti lainnya.
To be a prominent global company in real estate,
property, infrastructure and property-related
business.
Laporan Tahunan 2010 Bakrieland 14
(17)
Mengembangkan dan mengelola portofolio
investasi yang bermutu, didukung oleh
tim yang berfokus pada kinerja dan
bertumpu pada kekuatan sumber daya
manusia, teknologi informasi tercanggih,
serta jaringan usaha yang kuat, guna
meningkatkan nilai bagi Pemegang Saham.
Professionally develop and manage a
quality business portfolio supported by a
team performance-driven and professional
human resources, the most advanced
information technology and a strong
business network, thereby increasing the
value for Shareholders.
Penjelasan misi Bakrieland
• “Mengembangkan dan mengelola
portofolio investasi yang bermutu” berarti dalam mengembangkan produk-produknya, Bakrieland senantiasa berusaha memberikan kualitas terbaik dan selesai tepat waktu, menggunakan konsep rancangan yang inovatif dan berkelas tinggi, ramah lingkungan, memperindah tata kota, serta berstandar internasional, sehingga menjadikannya investasi yang bermutu.
Description of Bakrieland’s mission
• “Professionally develop and manage
a quality business portfolio” means in developing its products, Bakrieland strives to provide the best quality and on-time delivery, with innovative and environmental-friendly design concepts that beautify the city, and completes this with international quality standards, making Bakrieland a worth-buying investment.
• “Didukung oleh tim yang berfokus
pada kinerja” dimana tim yang mendukung pencapaian Visi Bakrieland terdiri dari para individu yang memiliki komitmen untuk meningkatkan prestasi kerjanya.
• “Bertumpu pada kekuatan sumber
daya manusia, teknologi informasi tercanggih, serta jaringan usaha yang kuat” berarti aset Bakrieland yang menjadi andalannya untuk maju adalah sumber daya manusia, teknologi informasi, dan jaringan usaha yang kuat. oleh karena
itu, peningkatan kualitas sumber daya manusia, pemutakhiran teknologi, serta pembinaan dan pengembangan jaringan usaha selalu menjadi prioritas utama.
• “Meningkatkan nilai bagi Pemegang
Saham” berarti seluruh kekuatan yang dimiliki Bakrieland akan mendorongnya untuk terus maju dan berkembang, yang pada gilirannya akan memberikan keuntungan bagi para Pemegang Saham.
• “Supported by professional and
performance-driven teams” means that our teams support the accomplishment of Bakrieland’s Vision with individual commitments to improve performance.
• “Relying on a strong human
resource, the most advanced information technology, and a strong business network” means that Bakrieland’s assets to further growth include its strong human
resources, technology, and business networks. Therefore, improvement of human resources quality, updates of technology, and maintenance and development of business networks are always key priorities.
• “Increasing value for Shareholders”
means that all strengths that Bakrieland possesses drive us to continuously progress and develop; this in turn will deliver proit for the Shareholders.
mISI
mis
(18)
Laporan Tahunan 2010 Bakrieland 16
NILAI-NILAI DAN
BuDAyA PeRuSAHAAN
Corporate Values and Culture
Corporate Culture
integritas
integrity
inovatif
innovative
Adaptif
Adaptive
responsif
responsive
Disiplin
Discipline
Selalu menjunjung tinggi nilai-nilai kejujuran, loyalitas dan obyektivitas
Always upholding the value of honesty, loyalty and objectivity
Selalu mengeluarkan ide-ide baru demi memenangkan persaingan usaha
Always proposing new ideas to win over business competition
Peka atas kebutuhan pelanggan dan bereaksi secara cepat dan tepat
Sensitive to the customers’ needs, reacting rapidly and properly
Jaringan yang luas dan kerja sama yang erat
extending networks and strengthening collaboration
mampu mengikuti perkembangan dunia usaha
Able to follow developments in the business world
Kewirausahaan,
Kekeluargaan, dan
Profesionalisme
Entrepreneurship,
Togetherness, and
Professionalism
Pelayanan Berkualitas
Terbaik
Excellent Service Quality
inovasi
Innovation
Teguh dalam bekerja
Tenacious at work
menjunjung tinggi nilai-nilai kemanusiaan
Following the values of humanity
BuDAyA
PEruSAhAAn
Jaringan dan
Kerja sama
networking and
Teamwork
Saling
menghormati
respect Each other
16
(19)
1
3
2
4
5
6
7
8
9
Pengembang Jakarta CBD terbesar (menguasai sekitar 26% dari total pasokan apartemen di Jakarta CBD pada tahun 2010).
The largest Jakarta CBD Developer (commands around 26% of total apartment supply in Jakarta CBD in 2010)
Area pengembangan terbesar di Jakarta CBD (total luas pengembangan 53,5 ha).
The largest development area in Jakarta CBD (total development area 53.5 ha).
Ketersediaan cadangan lahan terbesar di Jakarta CBD (memiliki 16,1 ha cadangan lahan).
The largest land bank in Jakarta CBD (commanding 16.1 ha of land bank).
Area pengembangan terbesar di kota Bogor (total luas pengembangan 1.002 ha).
The largest development area in Bogor city (total development area 1,002 ha).
Salah satu perusahaan properti tercatat terbesar di BEI dalam hal kapitalisasi pasar (Rp 6,3 triliun per 31 Desember 2010).
One of the largest listed property companies in IDX in terms of market capitalization (Rp 6.3 trillion as of 31 December 2010).
Salah satu saham properti dengan nilai perdagangan rata-rata harian tertinggi di BEI (Rp 50,1 miliar per hari pada tahun 2010).
One of the highest average daily trading value of property stocks in IDX (Rp 50.1 billion per day in 2010).
Salah satu perusahaan properti dengan ekuitas terbesar yang tercatat di BEI (Rp 8 triliun per 31 Desember 2010).
One of the biggest property companies in terms of equity listed at the IDX (Rp 8 trillion as of 31 December 2010).
Salah satu perusahaan properti dengan aset terbesar yang tercatat di BEI (Rp 17,1 triliun per 31 Desember 2010).
One of the biggest property company in terms of assets listed at the IDX (Rp 17.1 trillion as of 31 December 2010).
Perusahaan properti pertama yang mengintegrasikan bisnisnya dengan pengembangan jalan tol berskala besar.
The first property company that integrates its business with a large scale of toll road development.
Bakrieland F
acts
P
e
N
cA
P
A
IA
N
(20)
Laporan Tahunan 2010 Bakrieland 18
Angka-angka pada seluruh tabel dan graik dalam Laporan Tahunan ini menggunakan notasi Bahasa Inggris
Numerical notations in all tables and graphs in this Annual Report are in english
Dalam juta Rupiah, kecuali disebutkan lain In million Rupiah, except stated otherwise
2010
%2009
2008
2007
2006
hasil-hasil operasi result of operations
Pendapatan Bersih 1,367,556 29.14% 1,059,004 1,053,801 782,106 393,232 Net Revenue
Laba Kotor 669,273 34.37% 498,098 510,254 321,142 167,189 Gross Proit
Laba usaha 241,714 44.95% 166,751 226,031 170,508 72,201 operating Proit
Jumlah Taksiran Beban Pajak 15,269 -63.81% 42,192 81,844 110,142 8,978 Provision For Tax expenses
Laba Bersih 178,705 35.12% 132,256 272,100 134,185 67,608 Net Proit
Laba per Saham Proit per Share
Jumlah Saham yang Beredar (jutaan lembar) 39,919 100.44% 19,916 19,916 19,600 5,600 outstanding Shares (millions shares)
Laba usaha per Saham (Rupiah) 7.76 -7.32% 8.37 11.35 11.54 11.73 operating Proit per Share (Rupiah)
Laba Bersih per Saham (Rupiah) 5.74 -13.61% 6.64 13.66 9.08 10.98 Net Proit per Share (Rupiah)
Posisi Keuangan Financial Position
modal Kerja Bersih 8,121,683 107.70% 3,910,223 4,542,508 3,833,563 (47,449) Net Working capital
Aset Lancar 10,281,401 54.96% 6,634,866 6,457,550 3,201,151 977,939 current Assets
Aset Tetap 5,639,422 22.18% 4,615,514 1,488,690 701,186 637,822 Fixed Assets
Jumlah Aset 17,064,196 47.20% 11,592,631 8,334,991 5,708,016 2,395,677 Total Assets
Jumlah Investasi 1,124,681 228.61% 342,251 388,751 146,346 62,042 Total Investment
Kewajiban Lancar 2,159,718 -20.73% 2,724,643 1,915,042 1,066,359 853,664 current Liabilities
Jumlah Kewajiban 6,582,727 13.61% 5,794,139 3,133,653 1,508,297 1,036,383 Total Liabilities
modal Sendiri 8,021,729 72.79% 4,642,528 4,507,679 4,132,832 1,318,830 Stockholders’ equity
rasio Keuangan Financial ratios
Tingkat Pengembalian Aset 1.05% -0.09% 1.14% 3.26% 2.35% 2.82% Return on Assets
Tingkat Pengembalian ekuitas 2.23% -0.62% 2.85% 6.04% 3.25% 5.13% Return on equity
Rasio Lancar 476.05% 232.54% 243.51% 337.20% 300.19% 114.56% current Ratio
Rasio Kewajiban terhadap ekuitas 82.06% -42.74% 124.81% 69.52% 36.50% 78.58% Debt to equity Ratio
Rasio Tingkat Kewajiban terhadap Aset 38.58% -11.40% 49.98% 37.60% 26.42% 43.26% Debt to Assets Ratio
informasi Keuangan lainnya other Financial information
eBITDA terhadap Beban Bunga 3 x -4 x 7 x 5 x 24 x 10 x eBITDA to Interest expense
Tingkat Perputaran Persediaan 0.3 x 0.0 X 0.3 x 0.6 x 0.88 x 0.96 x Inventory Turnover
Tingkat Perputaran Aset Tetap 0.3 x -0.1 x 0.4 x 1.25 x 1.17 x 0.61 x Property & equipment Turnover
Tingkat Perputaran Jumlah Aset 0.10 x -0.01 x 0.11 x 0.15 x 0.19 x 0.16 x Total Assets Turnover
marjin Laba Kotor 48.94% 1.90% 47.03% 48.47% 41.06% 42.52% Gross Proit margin
iKhTiSAr KEuAngAn
Financial Highlights
Laporan Tahunan 2010 Bakrieland 18
(21)
2008 2009 2007
2006 2010
178,705
132,256 272,100
134,185 67,608
Laba Bersih| Net Profit
dalam juta Rupiah | in million Rupiah
2008 2009 2007
2006 2010
1,367,556
1,059,004 1,053,801 782,106
393,232
Pendapatan Bersih| Net Revenue
dalam juta Rupiah | in million Rupiah
2008 2009 2007
2006 2010
8,021,729
4,642,528 4,507,679 4,132,832
1,318,830
Jumlah Ekuitas| Total Equity
dalam juta Rupiah | in million Rupiah
2008 2009 2007
2006 2010
17,064,196
11,592,631 8,334,991 5,708,016 2,395,677
Jumlah Aset| Total Assets
dalam juta Rupiah | in million Rupiah
29.14
%
35.12
%
47.20
%
(22)
Laporan Tahunan 2010 Bakrieland 20
Dalam miliar Rupiah, kecuali disebutkan lain In billion Rupiah, except stated otherwise
Posisi Keuangan
2010
Financial PositionJumlah Aset 17,064 ; 47.20% Total Assets
Aset Lancar 10,281 ; 54.96% current Assets
Aset Tetap 5,639 ; 22.18% Fixed Assets
Jumlah Kewajiban 6,583 ; 13.61% Total Liabilities
Jumlah ekuitas 8,022 ; 72.79% Total equity
Jumlah Investasi 1,125 ; 228.61% Total Investment
modal Kerja Bersih 8,122 ; 107.70% Net Working capital
hasil-hasil operasi result of operations
Pendapatan Bersih 1,368 ; 29.14% Net Revenue
Laba Kotor 669 ; 34.37% Gross Proit
Laba usaha 242 ; 44.95% operating Proit
Laba Sebelum Pajak 226 ; 11.07% Income Before Tax
rasio Keuangan Financial ratios
Tingkat Pengembalian Aset 1.05% ; -0.09% Return on Assets
Tingkat Pengembalian ekuitas 2.23% ; -0.62% Return on equity
Rasio Lancar 476.05% ; 232.54% current Ratio
Kewajiban terhadap ekuitas 82.06% ; -42.74% Debt to equity
Kewajiban terhadap Aset 38.58% ; -11.40% Debt to Assets
indikator Keuangan Lain other Financial indicators
eBITDA terhadap Beban Bunga 3 x ; -4 x eBITDA to Interest expense
Tingkat Perputaran Persediaan 0.3 x ; – 0.0 x Inventory Turnover
Tingkat Perputaran Aset Tetap 0.3 x ; -0.1 x Property & equipment Turnover
Tingkat Perputaran Jumlah Aset 0.10 x ; -0.01 x Total Assets Turnover
marjin Laba Kotor 48.94% ; 1.90% Gross Proit margin
rangkuman Kinerja Keuangan | Summary of Financial Performance
iKhTiSAr KEuAngAn
Financial Highlights
Laporan Tahunan 2010 Bakrieland 20
(23)
44.95
%
laba usaha
operating proit
34.37
%
laba kotor
gross proit
22.18
%
aset tetap
ixed assets
1.90
%
marjin laba kotor
gross proit margin
42.74
%
peningkatan rasio kewajiban terhadap
ekuitas
increase of debt to equity ratio
11.40
%
peningkatan rasio kewajiban
terhadap aset
increase of debt to assets ratio
232.54
%
rasio lancar
current ratio
107.70
%
modal kerja bersih
(24)
Laporan Tahunan 2010 Bakrieland 22
iKhTiSAr SAhAm & oBLigASi
Stocks & Bonds Highlights
Komposisi Pemegang Saham | Composition of Shareholders Per 31 Desember 2010
As of 31 December 2010
Jumlah Saham Number of Shares
Jumlah (Rp)
Amount (Rp) %
modal Dasar | Authorized capital - 10,000,000,000,000
-Saham Biasa Seri A | ordinary Shares (A-Series) 1,400,000,000 -
-Saham Biasa Seri B | ordinary Shares (B-Series) 93,000,000,000 -
-Modal Ditempatkan dan Disetor Penuh | Issued and Paid Up Capital
cGmI 1 client Safekeeping Account - 4,858,177,212 12.17
Reksadana Danamas Stabil - 3,602.000,000 9.02
masyarakat (kepemilikan di bawah 5%) | Public (ownership below 5%) - 31,459,594,178 78.81
Jumlah Lembar Saham | Total Number of Shares - 39,919,771,390 100.00
Jumlah modal Ditempatkan dan Disetor Penuh
Amount of Issued and Paid up capital - 4,551,977,139,000
-Saham dalam Portepel | Subscription Stock
Saham Biasa Seri A | ordinary Shares (A-Series) - -
-Saham Biasa Seri B | ordinary Shares (B-Series) 54,480,228,610 5,448,022,861,000
-cgmi 1 cLiEnT SAFEKEEPing AccounT
(Kode Kustodian dari Avenue Luxembourg Sarl)
Avenue Luxembourg Sarl adalah perusahaan investasi global yang merupakan bagian dari Avenue capital Group yang memiliki kantor pusat di New york, Amerika Serikat serta beberapa kantor cabang di eropa seperti di London, Luxembourg, munich, dan 9 kantor cabang di Asia.
rEKSADAnA DAnAmAS STABiL
Reksadana Danamas Stabil adalah salah satu produk reksadana yang dikelola oleh PT Sinarmas Sekuritas yang terailiasi dengan Sinar mas Group.
cgmi 1 cLiEnT SAFEKEEPing AccounT
(Custodian Code from Avenue Luxembourg Sarl)
Avenue Luxembourg Sarl is a global investment company, which is part of Avenue capital Group with headquarters in New york, uSA, and has several branch ofices in europe such as London, Luxembourg, munich, and 9 branch ofices in Asia.
rEKSADAnA DAnAmAS STABiL
Reksadana Danamas Stabil is a mutual funds product managed by PT Sinarmas Sekuritas, a company afiliated with Sinar mas Group.
Laporan Tahunan 2010 Bakrieland 22
(25)
2010
Harga Saham | Stock Price (Rp) Perdagangan Saham | Stock Trading Tertinggi
Highest
Terendah Lowest
Penutupan
closing Rp Volume
January 270 193 260 1,928,978,717,000 7,955,660,500
February 265 210 220 472,252,815,000 1,987,927,000
march 285 210 240 1,381,127,605,000 5,494,222,000
April 265 225 235 863,901,940,000 3,498,809,000
may 240 105 141 1,030,254,976,000 5,793,219,500
June 154 132 144 461,271,910,000 3,214,718,000
July 147 131 133 247,084,926,500 1,780,191,000
August 135 95 112 521,888,133,000 4,618,748,500
September 168 112 154 952,569,674,000 6,351,288,000
october 196 152 158 2,540,041,531,500 14,498,490,500
November 172 154 160 1,375,246,431,000 8,486,091,500
December 167 155 157 510,244,794,000 3,160,535,000
Kinerja Saham | Stock Performance
Jan Feb mar Apr may Jun Jul Aug Sep oct Nov Dec
400
300
200
100
0
(Rp)
Tertinggi | Highest
Terendah | Lowest
Penutupan | closing
Kronologi Pencatatan Saham | Stock Listing Chronology
Tanggal Pencatatan Listing Date
Saham Terakumulasi Accumulated Shares
Nominal Terakumulasi (Rp) Accumulated Nominal (Rp) Pra Penawaran umum Saham Perdana |
Pre Initial Public offering 29 october 95 240,000,000 120,000,000,000
Penawaran umum Saham Perdana | Initial Public offering 30 october 95 350,000,000 175,000,000,000 Penawaran umum Terbatas I | Limited Public offering I (1:3) 6 october 97 1,400,000,000 700,000,000,000 Penawaran umum Terbatas II | Limited Public offering II (1:3) 12 December 05 5,600,000,000 1,120,000,000,000 Penawaran umum Terbatas III | Limited Public offering III
(2:5) 1 may 07 19,600,000,000 2,520,000,000,000
Pelaksanaan Waran I | Warrant Issuance I 1 November 2007 –
30 April 2010 359,885,695 35,988,569,500 Penawaran umum Terbatas IV | Limited Public offering IV
(1:1) 9 July 2010 39,919,771,390 4,551,997,139,000
Saham Ditempatkan & Disetor Penuh | Issued & Paid up
Shares 31 December 2010 39,919,771,390 4,551,997,139,000
(26)
Laporan Tahunan 2010 Bakrieland 24
riwayat Dividen 2010 | 2010 Dividend History Dividen per Saham
Dividend per Share
Jumlah Dividen Total Dividend
Dividend yield Dividend yield
Recording Date Recording Date
Tanggal Pembayaran Payment Date
Rp 1,- Rp 19,959,885,695 15.1% 14 June 2010 28 June 2010
Kronologi Penawaran Equity-Linked Bond | Equity-Linked Bond Offering Chronology Tanggal Penawaran
offering Date
Jumlah (uSD) Amount (uSD)
Bunga (Triwulan) Interest (Quarterly)
Jangka Waktu Period Penawaran equity-Linked Bond
equity-Linked Bond offering 23 march 2010 155,000,000 8.625% 5 tahun | years
Kronologi Pencatatan obligasi | Bonds Listing Chronology
Tanggal Pencatatan Listing Date
Jumlah (Rp) Amount (Rp)
Bunga / Jangka Waktu Interest / Period Penawaran umum obligasi I Seri A | Bonds I A Series offering 12 march 2008 220,000,000,000 11.90% p.a./3 years Penawaran umum obligasi I Seri B | Bonds I B Series offering 12 march 2008 280,000,000,000 12.85% p.a./5 years
Peringkat | Rating PeFINDo : idBBB+
Kronologi Pencatatan Sukuk | Sukuk Listing Chronology Tanggal Pencatatan
Listing Date
Jumlah (Rp) Amount (Rp)
cicilan Imbalan (Rp) Return Installment (Rp)
Jangka Waktu Period Penawaran umum Sukuk Ijarah I Seri A
Sukuk Ijarah I A Series offering 9 July 2009 60,000,000,000 154,800,000 per 1,000,000,000 2 tahun | years Penawaran umum Sukuk Ijarah I Seri B
Sukuk Ijarah I B Series offering 9 July 2009 90,000,000,000 160,000,000 per 1,000,000,000 3 tahun | years Peringkat | Rating PeFINDo : idBBB+(sy)
Jumlah Saham Diperdagangkan per Triwulan | Number of Stock Traded per Quarter
2010
Harga Saham | Stock Price (Rp)
2009
Harga Saham | Stock Price (Rp) Tertinggi
Highest
Terendah Lowest
Penutupan
closing Volume
Tertinggi Highest
Terendah Lowest
Penutupan
closing Volume Triwulan I
1st Quarter 285 193 240 15,437,809,500
Triwulan I
1st Quarter 88 54 85 12,906,864,500
Triwulan II
2nd Quarter 265 105 144 12,506,746,500
Triwulan II
2nd Quarter 335 84 295 36,552,449,500
Triwulan III
3rd Quarter 168 95 154 12,750,227,500
Triwulan III
3rd Quarter 390 280 370 13,544,941,500
Triwulan IV
4th Quarter 196 152 157 26,145,117,000
Triwulan IV
4th Quarter 370 177 193 8,478,922,500
iKhTiSAr SAhAm & oBLigASi
Stocks & Bonds Highlights
Laporan Tahunan 2010 Bakrieland 24
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Pembayaran Bunga obligasi i Bakrieland Development Tahun 2008 hingga 31 Desember 2010
Interest Payment for Bakrieland Development’s 2008 Bond I up to 31 December 2010
No. Keterangan
Remarks
Tanggal Pembayaran Payment Date
Jumlah (Rp) Amount (Rp) 1 Pembayaran Bunga ke-1 | Interest Payment 1 11 June 2008 15,540,000,000 2 Pembayaran Bunga ke-2 | Interest Payment 2 11 September 2008 15,540,000,000 3 Pembayaran Bunga ke-3 | Interest Payment 3 11 December 2008 15,540,000,000 4 Pembayaran Bunga ke-4 | Interest Payment 4 11 march 2009 15,540,000,000 5 Pembayaran Bunga ke-5 | Interest Payment 5 11 June 2009 15,540,000,000 6 Pembayaran Bunga ke-6 | Interest Payment 6 11 September 2009 15,540,000,000 7 Pembayaran Bunga ke-7 | Interest Payment 7 11 December 2009 15,540,000,000 8 Pembayaran Bunga ke-8 | Interest Payment 8 11 march 2010 15,540,000,000 9 Pembayaran Bunga ke-9 | Interest Payment 9 11 June 2010 15,540,000,000 10 Pembayaran Bunga ke-10 | Interest Payment 10 11 September 2010 15,540,000,000 11 Pembayaran Bunga ke-11 | Interest Payment 11 11 December 2010 15,540,000,000
Pembayaran cicilan imbalan Sukuk ijarah i Bakrieland Development Tahun 2009 hingga 31 Desember 2010
Payment of Return Installment for Bakrieland Development’s 2009 Sukuk Ijarah I up to 31 December 2010 Keterangan
Remarks
Tanggal Pembayaran Payment Date
Jumlah (Rp) Amount (Rp) cicilan Imbalan ke-1 | Return Installment 1 7 october 2009 5,922,000,000 cicilan Imbalan ke-2 | Return Installment 5 7 January 2010 5,922,000,000 cicilan Imbalan ke-3 | Return Installment 5 7 April 2010 5,922,000,000 cicilan Imbalan ke-4 | Return Installment 5 7 July 2010 5,922,000,000 cicilan Imbalan ke-5 | Return Installment 5 7 october 2010 5,922,000,000
Pembayaran Bunga Equity-Linked Bond Tahun 2010 hingga 31 Desember 2010
Payment of Equity-Linked Bond Interest 2010 up to 31 December 2010 Keterangan
Remarks
Tanggal Pembayaran Payment Date
Jumlah (uSD) Amount (uS$)
Pembayaran Bunga ke-1 | 1st Interest 21 June 2010 3,342,187.50
Pembayaran Bunga ke-2 | 2nd Interest 20 September 2010 3,342,187.50
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Laporan Tahunan 2010 Bakrieland 26
AKSI
KorPorASi
corporate Action
Equity-Linked Bond Bakrieland Development
Pada tanggal 23 maret 2010, Perusahaan melalui BLD Investment Pte. Ltd., anak perusahaan, menerbitkan equity-Linked Bond sebesar uSD 155.000.000 yang akan jatuh tempo pada tanggal 23 maret 2015 dengan suku bunga 8,625% yang dibayar setiap tiga bulan. Hasil bersih penerbitan tersebut digunakan oleh Perusahaan untuk modal kerja, pembiayaan kembali, keperluan umum perusahaan dan untuk lindung nilai (hedging).
Pembelian Kembali Saham
Sebagai dampak dari krisis pada tahun 2008 yang mengakibatkan penurunan harga-harga saham secara signiikan, Bapepam-LK menerbitkan peraturan No. XI.B.3, Lampiran Keputusan Ketua Bapepam dan LK No. Kep-401/BL/2008 tanggal 9 oktober 2008 tentang Pembelian Kembali Saham emiten atau Perusahaan Publik Dalam Kondisi Pasar yang Berpotensi Krisis, yang memperbolehkan pembelian kembali saham dengan batasan-batasan tertentu, tanpa melalui persetujuan Rapat umum Pemegang Saham (RuPS). Peraturan ini terutama bertujuan mengurangi dampak penurunan harga-harga saham lebih jauh. Berdasarkan peraturan tersebut, pada tanggal 14 oktober 2008 Perusahaan telah mengajukan permohonan pembelian kembali saham selama masa 3 bulan dan melakukan permohonan perpanjangan periode pada tanggal 14 Januari 2009, 14 April 2009, 14 Juli 2009 dan 14 oktober 2009. Jumlah maksimal dana yang
Bakrieland Development Equity-Linked Bond
on 23 march 2010, through its subsidiary BLD Investment Pte. Ltd., the company issued equity-Linked Bonds worth uSD 155,000,000 which shall mature on 23 march 2015 with an 8.625% interest rate payable every three months. Net proceeds from this issuance were invested into working capital, reinancing, general corporate purposes and hedging.
Share Buy-Back
As a consequence of the 2008 crisis which ultimately resulted in plummeting share prices, Bapepam-LK found it necessary to issue Regulation No. XI.B.3, Annex to the Decree of the Head of Bapepam and LK Head No. Kep-401/ BL/2008 on 9 october 2008 concerning Buy-Back of Shares Issued by an Issuer or a Public company During Potential market crisis, which allowed for the repurchase of shares under speciied limits without having to seek approval from the General meeting of Shareholders. This regulation is primarily designed to alleviate the impact brought about by the downward spiral of share prices. Based on this regulation, the company did on 14 october 2008 submit a request for share buy-back within a span of 3 months and for a duration extension on14 January 2009, 14 April 2009, 14 July 2009 and 14 october 2009. The maximum amount of funds allocated for the share buy-back scheme reached Rp 510 billion and the amount of
Bakrie Tower, Rasuna epicentrum
Laporan Tahunan 2010 Bakrieland 26
(29)
dialokasikan dalam program pembelian kembali saham ini sebesar Rp 510 miliar dan jumlah saham yang dibeli kembali tidak melebihi 20% dari jumlah modal ditempatkan dan disetor penuh. Hingga program pembelian kembali saham berakhir, Perusahaan telah membeli 120.750.000 lembar saham dengan harga pembelian rata-rata sebesar Rp 230,50 per lembar saham.
Penawaran umum Terbatas iV
Rapat umum Pemegang Saham Luar Biasa (RuPSLB) Perusahaan pada tanggal 25 Juni 2010 telah memberikan persetujuan kepada Perusahaan untuk melakukan Penawaran umum Terbatas (PuT) IV kepada Para Pemegang Saham melalui penerbitan Hak memesan efek Terlebih Dahulu (HmeTD) dengan cara menerbitkan saham dari portepel/simpanan Perusahaan sebanyak 19.959.885.695 (sembilan belas miliar sembilan ratus lima puluh sembilan juta delapan ratus delapan puluh lima ribu enam ratus sembilan puluh lima) saham biasa Seri B dengan Nilai Nominal Rp 100 (seratus Rupiah) per saham dan dengan harga penawaran Rp 160 (seratus enam puluh Rupiah) per saham, yang dicatatkan di Bursa efek Indonesia.
Dari hasil penjualan saham Seri B tersebut, maka Perusahaan memperoleh setoran modal sebesar Rp 3.193.581.711.200 (tiga triliun seratus sembilan puluh tiga miliar lima ratus delapan puluh satu juta tujuh ratus sebelas ribu dua ratus Rupiah). Bersamaan dengan PuT IV ini, Perusahaan juga menerbitkan 6.985.959.993 (enam miliar sembilan ratus delapan puluh lima juta sembilan ratus lima puluh sembilan ribu sembilan ratus sembilan puluh tiga) Waran Seri II. Pada setiap 20 saham baru hasil pelaksanaan HmeTD melekat 7 Waran Seri II yang diberikan secara cuma-cuma sebagai insentif bagi pemegang saham Perusahaan dan/ atau pemegang HmeTD yang melaksanakan haknya. Setiap pemegang 1 waran berhak membeli 1 saham Seri B dengan Nilai Nominal Rp 100 (seratus Rupiah) per saham dengan harga pelaksanaan Rp 165 (seratus enam puluh lima Rupiah) per saham.
shares for repurchase did not exceed 20% of the total amount of subscribed capital and paid-up capital.
up until the share buy-back period ended, the company had purchased 120,750,000 shares with average purchase price of Rp 230.50 per share.
Limited Public offering iV
The company’s extraordinary General meeting of Shareholders convened on 25 June 2010 and granted approval to the company for undertaking Limited Public offering IV aimed at Shareholders through pre-emptive rights by issuing shares held by the company in portfolio/treasury for a total of 19,959,885,695 (nineteen billion nine hundred and ifty nine million eight hundred and eighty ive thousand six hundred and ninety ive) Series B shares with face value of Rp 100 (one hundred Rupiah) per share and with an offering price of Rp 160 (one hundred and sixty Rupiah) for each share, to be listed with the Indonesia Stock exchange.
From the sales of Series B shares, the company gained paid-up capital worth Rp 3,193,581,711,200 (three trillion one hundred and ninety three billion ive hundred and eighty one million seven hundred and eleven thousand two hundred Rupiah). In concurrence with Limited Public offering IV, the company has also issued 6,985,959,993 (six billion nine hundred and eighty ive million nine hundred and ifty nine thousand nine hundred and ninety three) Series II Warrants. For every 20 new shares from the exercising of pre-emptive rights, 7 Series II Warrants are included as incentive for company shareholders and/or pre-emptive rights holders who use this privilege. every holder of a warrant is entitled to one Series B share for the face value of Rp 100 (one hundred Rupiah) per share and at the exercise price of Rp 165 (one hundred sixty ive Rupiah) per share.
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Laporan Tahunan 2010 Bakrieland 28
ciTy ProPErTy
hoTEL & rESorT
LAnDED rESiDEnTiAL
ProPErTy-rELATED
inFrASTrucTurE
• Salah satu pengembangproperti berkelas dunia di Jakarta.
• Proyek utama: Rasuna epicentrum, suatu kawasan superblok modern terpadu di pusat kota.
• Penyumbang utama pendapatan Bakrieland, sebesar 35,1% dari total pendapatan Perusahaan di tahun 2010.
• One of the world-class
property developers in Jakarta.
• Main projects: Rasuna
epicentrum, an integrated state-of-the-art superblock located in the heart of the city.
• Bakrieland’s principal
revenue contributor of 35.1% to the company’s total earnings in 2010.
• Mengembangkan kawasan pemukiman untuk segmen menengah dan menengah atas.
• Lokasi: Bogor, Malang, dan Batam.
• Proyek utama: Bogor Nirwana Residence. • Memberikan kontribusi
sebesar 29,5% dari total pendapatan Bakrieland di tahun 2010.
• Develop eco-friendly
integrated residential areas speciically for the middle and middle-upper class segments.
• Location: Bogor, Malang, and
Batam.
• Main project: Bogor Nirwana
Residence.
• Contributed 29.5% of
Bakrieland’s total revenue in 2010.
IKHTISAR BISNIS
Business Highlights
• Mengembangkan dan mengelola hotel dan resor berkelas internasional. • Lokasi: Bali, Lampung, dan
Balikpapan.
• Memberikan kontribusi sebesar 29,2% dari total pendapatan Bakrieland di tahun 2010.
• Develop and manage
international caliber hotels and resorts.
• Location: Bali, Lampung, and
Balikpapan.
• Contributed 29.2% of
Bakrieland’s total earnings in 2010.
• Jalan tol Kanci-Pejagan mulai beroperasi pada tanggal 26 Januari 2010. Jalan tol sepanjang 35 km ini menghubungkan cirebon, Jawa Barat dengan Brebes, Jawa Tengah, dan memiliki masa konsesi selama 35 tahun.
• Memberikan kontribusi sebesar 6,2% dari total pendapatan Bakrieland di tahun 2010.
• Started Kanci-Pejagan
toll road operations on 26 January 2010. The 35 km toll-road connects cirebon, West Java and Brebes, central Java, and has a 35-year concession period.
• Contributed 6.2% of
Bakrieland’s total earnings in 2010.
(31)
PT Berkah Puhu Lestari *
99.99%
PT Nirwana Legian Hotel *
99.92%
PT Bakrie Nirwana Semesta
99.99%
PT Bali Nirwana Resort52.55%
PT Jasa Sarana
15.93%
PT Bakrie Graha Nirwana *
99.80%
PT Libratindo Gemilang *
99.99%
PT Bakrie Pesona Rasuna
98.80%
PT Bakrie Swasakti utama
69.62%
PT Rasuna Residence
Development
98.80%
PT Villa Del Sol *
99.99%
90.00%
PT Krakatau Lampung Tourism Development
PT Bakrieland Development Tbk
PT Rasuna caturtama corpora **
99.59%
PT Provices Indonesia
99.75%
PT Bakrie Pangripta Loka
99.99%
PT Bakrie Toll Road
BLD Asia Pte. Ltd. PT Lido Sarana Prima PT Lido Golf Prima Hotel elty Tenggarong
99.99%
100%
99.99%
50.00%
99.00%
PT Transglobal Finance Limited
100%
PT Pan Galactic Investment Limited
100%
PT Semesta marga Raya
65.00%
99.99%
PT Alberta utilities
75.04%
PT Bakrie Infrastructure
99.99%
PT Aetra Air Jakarta
5.00%
BLD Investment Pte. Ltd.
PT Fusion Plus Indonesia
PT Bukit Jonggol Asri PT Bakrie Sentra Investama
99.99%
50.00%
PT Sentul city Tbk
5.26%
37.88%
99.98%
PT Satria cita Perkasa
PT citra Saudara Abadi *
99.99%
PT Dutaperkasa unggullestari
65.00%
PT mutiara Permata Biru
99.77%
PT Bahana Sukmasejahtera *
99.96%
PT Graha Andrasentra Propertindo99.78%
PT Sanggraha Pelita Sentosa *
99.52%
PT Graha Intan Bali **
99.00%
PT Samudra Asia Nasional
99.99%
PT Superwish Perkasa *
69.99%
PT Bumi Daya makmur
69.99%
* Dalam pengembangan under development ** Belum beroperasi Not in operations
construction/Developer, Real estate, Apartment, ofice, Infrastructure, and Trading
General Trading and Services, Property management construction and Agriculture Hotel and Tourism Lini Usaha | Lines of Businesses
corporate Structure
(32)
Laporan Tahunan 2010 Bakrieland 30
Batam
Lampung
Batam nirwana residence (Landed residential) Proyek perumahan kelas menengah di Pulau Batam dengan luas area pengembangan 40 ha.
A middle-class residential project in Batam Island, covering 40 ha of development area.
Travellers Krakatoa nirwana resort (hotel & resort) Kawasan resor dan rekreasi terpadu dengan total luas area 101 ha. An integrated resort and recreation destination with a total area of 101 ha.
rasuna Epicentrum (city Property i) 53,5 ha kawasan pengembangan di area cBD Kuningan, merupakan proyek superblok pertama, terbesar dan terlengkap di Jakarta yang terdiri dari Apartemen, Perkantoran, Komersial, Hotel dan Pusat Kebugaran. A 53.5 ha development in Kuningan cBD, the irst, the largest, and most complete superblock project in Jakarta, consisting of Apartments, ofices, commercial Space, Hotel and Fitness center.
Sentra Timur residence (city Property ii) 3,2 ha kawasan proyek Rusunami dengan 11 menara yang berlokasi di kawasan Pulogebang, Jakarta Timur.
A 3.2 ha subsidized apartment block with 11 towers, located at Pulogebang, east Jakarta.
Kota Baru Perumnas (city Property ii) 30 ha potensi area pengembangan Kawasan Kota Baru Perumnas di Jakarta Timur, dibangun dengan tujuan mengoptimalkan potensi Terminal Pulogebang dan Banjir Kanal Timur di kawasan tersebut.
A 30 ha potential area development in Kota Baru Perumnas area in east Jakarta, aimed to optimize the utilization of Terminal Pulogebang and Banjir Kanal Timur in the area.
Bogor nirwana residence (Landed residential)
1.002 ha kawasan pengembangan untuk proyek perumahan menengah-menengah atas dipusat kota Bogor, Jawa Barat, yang dilengkapi area komersial dan wahana edutainment (The Jungle Waterpark) secara terintegrasi.
An 1,002 ha middle to middle-upper residential project in central Bogor, West Java, completed with integrated commercial and edutainment area (The Jungle Waterpark).
Lido Lake resort (Landed residential)
Lebih dari 1.000 ha kawasan pengembangan yang terletak diantara pegunungan, danau serta hutan di daerah Lido, Sukabumi, Jawa Barat. over 1,000 ha development area located among the mountains, lake and forests in Lido, Sukabumi, West Java.
Jakarta
Bogor
Laporan Tahunan 2010 Bakrieland 30
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ijen nirwana residence (Landed residential) Proyek perumahan di kawasan prestisius di kota malang dengan luas pengembangan 22,4 ha. A residential project at a prestigious area in malang, with a development area of 22.4 ha.
Bakrie Toll road
Proyek ruas jalan tol Kanci-Pejagan sepanjang 35 km, yang menghubungkan cirebon (Jawa Barat) dan Brebes (Jawa Tengah). The project of the 35 km Kanci-Pejagan toll road section connecting cirebon (West Java) and Brebes (central Java).
Lagoon nirwana residence (hotel & resort)
Sebelumnya bernama Balikpapan Nirwana Suites & Residences, yaitu Hotel dan serviced residence pertama di Balikpapan di area seluas 3,3 ha di pusat kota Balikpapan.
Previously named Balikpapan Nirwana Suites & Residences, the irst hotel and serviced residence in Balikpapan, built on 3.3 ha in the city of Balikpapan.
Pullman Bali Legian nirwana (hotel & resort)
Strata hotel bintang 5 pertama di pantai Kuta Bali dengan luas area 2,4 ha. The irst ive-star strata hotel located at Kuta beach, Bali with an area of 2.4 ha.
Pan Paciic nirwana Bali resort (hotel & resort) Kawasan resor terpadu pertama di Bali seluas lebih dari 100 ha, yang merupakan kombinasi hotel bintang 5 dan hunian eksklusif dilengkapi dengan lapangan golf 18-hole rancangan Greg Norman serta fasilitas rekreasi. Bali’s irst fully integrated resort of over 100 ha, combining a ive-star luxury hotel and exclusive residences complete with Greg Norman designed 18-hole golf course and recreation facilities.
malang
cirebon
Bali
Balikpapan
AREA KERJA
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Laporan Tahunan 2010 Bakrieland 32
1984
to
1997
1998
to
2007
June 1984
Kelompok usaha Bakrie (KuB) melalui PT catur Swasakti utama (sekarang bernama PT Bakrie Swasakti utama, anak perusahaan Bakrieland), mengawali bisnis pembangunan properti dengan membangun Wisma Bakrie, gedung Graha Kapital, dan Apartemen Taman Rasuna di Jakarta. The Bakrie Group through PT catur Swasakti utama (now known as PT Bakrie Swasakti utama, a subsidiary of Bakrieland), started the property development business by building Wisma Bakrie, Graha Kapital building, and Taman Rasuna Apartment in Jakarta.
June 1990
Perusahaan didirikan dengan nama PT Purilestari Indah Pratama pada Juni 1990, nama Perusahaan diganti menjadi PT elang Realty pada Desember 1994, dan pada tahun 1997 menjadi PT Bakrieland Development Tbk.
Bakrieland was established as PT Purilestari Indah Pratama in June 1990, changing its name to PT elang Realty in December 1994, and then to PT Bakrieland Development Tbk in 1997. october 1995
Penawaran umum Saham Perdana di Bursa efek Indonesia (d/h Bursa efek Jakarta) sejumlah 110.000.000 saham dengan nilai nominal Rp 500 per saham dan harga penawaran sebesar Rp 625 per saham, pada tanggal 30 oktober 1995.
Initial Public offering at the Indonesia Stock exchange (previously Jakarta Stock exchange) amounted 110,000,000 shares with nominal value of Rp 500 per share and offering price of Rp 625 per share, conducted on 30 october 1995.
September 1997
Penawaran umum Terbatas I sejumlah 1.050.000.000 saham biasa.
The 1st Limited Public offering, amounted 1,050,000,000 ordinary shares.
January 1998
PT Bakrie capital Indonesia (BcI) mengakuisisi 57,84% kepemilikan saham PT elang
Sentrainvestama Abadi dan PT elang Karuna Abadi. PT Bakrie capital Indonesia (BcI) acquired 57.84% of shares in PT elang Sentrainvestama Abadi and PT elang Karuna Abadi.
may 2004
Bakrieland mengakuisisi 73,48% kepemilikan saham PT Bakrie Swasakti utama.
Bakrieland acquired 73.48% of shares in PT Bakrie Swasakti utama.
november 2005
Penawaran umum Terbatas II sejumlah 4.200.000.000 saham biasa.
The 2nd Limited Public offering, amounted 4,200,000,000 ordinary shares.
Avenue Luxembourg Sarl membeli 12% kepemilikan saham dalam PT Bakrieland Development Tbk. Avenue Luxembourg Sarl acquired 12% of shares in PT Bakrieland Development Tbk.
April 2007
Penawaran umum Terbatas III sejumlah 14.000.000.000 saham biasa.
The 3rd Limited Public offering, amounted 14,000,000,000 ordinary shares.
JeJAK
LAngKAh
company milestone
Laporan Tahunan 2010 Bakrieland 32
(35)
2008
to
2009
2010
march 2008
Penerbitan obligasi I Bakrieland Development Tahun 2008 dengan tingkat bunga tetap sebesar Rp 500.000.000.000.
Issuance of Bakrieland Development Bonds I year 2008 with ixed interest rate, worth Rp 500,000,000,000.
April 2008
Persetujuan RuPSLB tanggal 9 April 2008 untuk restrukturisasi dan divestasi penyertaan di PT Bakrie Swasakti utama, PT Bumi Daya makmur dan PT Superwish Perkasa kepada Limitless (anak perusahaan Dubai World) dan pembelian saham PT Satria cita Perkasa (pemegang saham PT Semesta marga Raya/pemegang konsesi ruas tol Kanci-Pejagan).
eGmS approval on 9 April 2008 for the restructuring and divestment of its investment in PT Bakrie Swasakti utama, PT Bumi Daya makmur and PT Superwish Perkasa to Limitless (a subsidiary of Dubai World), and to purchase shares in PT Satria cita Perkasa (shareholder of PT Semesta marga Raya/ holder of Kanci-Pejagan toll road concession). July 2008
melalui PT Bakrie Infrastructure, membeli 75,04% saham dalam PT Alberta utilities sebagai pemegang 5% saham PT Aetra Air Jakarta (d/h PT Thames PAm Jaya), perusahaan penyedia air bersih di wilayah timur DKI Jakarta.
Through PT Bakrie Infrastructure, the company purchased 75.04% shares in PT Alberta utilities, which owns 5% shares of PT Aetra Air Jakarta (previously PT Thames PAm Jaya), a clean water provider company in eastern Jakarta.
July 2009
• Penerbitan Sukuk Ijarah I Bakrieland Development
dengan Sisa Imbalan sebesar Rp 150.000.000.000. Issuance of Sukuk Ijarah I Bakrieland Development with Installments totaling Rp 150,000,000,000.
• Melalui PT Bakrie Nirwana Semesta, Bakrieland
meningkatkan penyertaan modal pada PT Bali Nirwana Resort menjadi 52,55%.
Through PT Bakrie Nirwana Semesta, Bakrieland increased its capital investment in PT Bali Nirwana Resort to 52.55%.
october 2009
melalui PT Bakrie Toll Road yang sahamnya 99,99% dimiliki oleh PT Bakrie Infrastructure (anak perusahaan), Bakrieland meningkatkan investasinya pada PT Semesta marga Raya menjadi 64,98%. Through PT Bakrie Toll Road, whose shares are 99.99% owned by PT Bakrie Infrastructure (subsidiary), Bakrieland increased investment in PT Semesta marga Raya to 64.98%.
January 2010
Perusahaan meningkatkan kepemilikan menjadi 100% di PT Semesta marga Raya melalui anak perusahaannya, PT Satria cita Perkasa, Pan Galactic Investment Ltd., dan Transglobal Finance Ltd. The company increased its ownership to 100% in PT Semesta marga Raya through its subsidiaries, PT Satria cita Perkasa, Pan Galactic Investment Ltd., and Transglobal Finance Ltd.
march 2010
melalui anak perusahaan BLD Investment Pte. Ltd., menerbitkan equity-Linked Bond sebesar uSD 155.000.000.
Through subsidiary company BLD Investment Pte. Ltd., issued equity-Linked Bond worth uSD 155,000,000.
June 2010
Penawaran umum Terbatas IV sejumlah 19.959.885.695 saham biasa Seri B dengan nilai nominal Rp 100 per saham dan dengan harga penawaran Rp 160 per saham atau sebesar Rp 3.193.581.711.200, yang tercatat di Bursa efek Indonesia.
Limited Public offering IV amounted to 19,959,885,695 Series B shares for the nominal value of Rp 100 per share and for the offering price of Rp 160 per share or worth Rp 3,193,581,711,200 listed at the Indonesia Stock exchange.
July 2010
Perusahaan membeli 50% saham milik Baroque Development Inc dalam PT Fusion Plus Indonesia. The company purchased 50% shares of Baroque Development Inc in PT Fusion Plus Indonesia. August 2010
• Perusahaan membeli 5,26% saham milik PT Citra
Kharisma Komunika dalam PT Sentul city Tbk. The company purchased 5.26% shares of PT citra Kharisma Komunika in PT Sentul city Tbk.
• Perusahaan mengambil saham baru yang
diterbitkan oleh PT Bukit Jonggol Asri sebanyak 666.666.667 saham atau 37,88%.
The company acquired new shares issued by PT Bukit Jonggol Asri amounting 666.666.667 shares or 37.88%.
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Laporan Tahunan 2010 Bakrieland 34
Peresmian Ruas Tol Kanci-Pejagan Inauguration of Kanci-Pejagan Toll Road
Bakrieland mendukung Global enterprise challenge 2010 Bakrieland supported the Global enterprise challenge 2010
Bakrieland mendukung ASeAN enterprise challenge 2010
Bakrieland supported the ASeAN enterprise challenge 2010
Bakrie Tower beroperasi untuk umum Bakrie Tower operates for public
Perubahan operator Pan Paciic Nirwana Bali Resort
change of operator in Pan Paciic Nirwana Bali Resort
Soft opening epicentrum Walk epicentrum Walk Soft opening
Sertiikasi ISo 9001 : 2008 ISo 9001 : 2008 certiication
RuPS Tahunan - Luar Biasa The Annual and extraordinary GmS Partisipasi Bakrieland pada The 61st FIABcI World congress 2010 Bakrieland’s participation in The 61st FIABcI World congress 2010
customer Appreciation Night - Pullman Bali Legian Nirwana
customer Appreciation Night - Pullman Bali Legian Nirwana
Peresmian Taman Lansia Langsat Inauguration of the Langsat Park for the elderly
26 JAnuAry
15 JunE
24 FEBruAry
26 mArch
12 APriL
18 mAy
24 - 28 mAy
10 JunE
13 JunE
30 mAy
mAy 2010
PERISTIWA
PENTING
2010
(37)
Paparan Publik dan Pertemuan Analis Public expose and Analyst meeting
RuPS Luar Biasa - PuT
The extraordinary GmS – Limited Limited Public offering
Dukungan Bakrieland terhadap pegolf muda berbakat: Almer
Bakrieland’s Support for the young and talented golf player: Almer
Pembukaan epicentrum Walk ofice Suites epicentrum Walk ofice Suites opening
Kongres Pan Paciic ke-25 Tahun 2010 The 25th Pan Paciic congress 2010
Peresmian proyek cSR one Village one Playground
Inauguration of the one Village one Playground cSR project
Investor Summit & capital market expo: Paparan Publik
Investor Summit & capital market expo: Public expose
Pembukaan Aston Bogor Hotel & Resort
Aston Bogor Hotel & Resort opening Acara Akhir Tahun bersama media & Apresiasi Karya media (Aryadia) year-end media Gathering & Aryadia media Appreciation
menerima penghargaan Indonesia most Trusted companies 2010 dari IIcG dan majalah SWA.
Awarded as Indonesia most Trusted companies 2010 by IIcG and SWA magazine.
23 JunE
25 JunE
30 JunE
5 AuguST
28 & 30 SEPTEmBEr
28 ocToBEr
11 noVEmBEr
11 DEcEmBEr
20 DEcEmBEr
9 DEcEmBEr
Serah Terima unit Sentra Timur Residence Sentra Timur Residence units Handover
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Laporan Tahunan 2010 Bakrieland 36
PENGHARGAAN &
SERTIFIKASI
Awards & certiications
• Setiikat Keanggotaan sebagai Anggota dari Kalangan Perusahaan dari Konsil Bangunan Hijau Indonesia.
certiicate memberships as corporate member of Green Building council Indonesia.
• Best Indonesia Green CSR Awards 2010 (PT Bakrieland Development Tbk).
Best Indonesia cSR Awards 2010 (PT Bakrieland Development Tbk).
• Highly Commended Best Developer - Tanggungjawab Sosial Perusahaan.
Highly commended Best Developer - corporate Social Responsibility.
• Pengembang Terbaik Sangat Terpuji - Green Development (Built), Rasuna epicentrum.
Highly commended Best Developer - Green Development (Built), Rasuna epicentrum.
• Peringkat ‘Terpercaya’ berdasarkan Indeks Persepsi Tata Kelola Perusahaan.
Ranked as Trusted company based on corporate Governance Perception Index.
• Sertiikasi ISO 9001: 2008
PT Bakrieland Development Tbk.
ISo 9001:2008 certiication for PT Bakrieland Development Tbk.
• Sertiikasi OHSAS 18001: 2007.
oHSAS 18001: 2007 certiication.
• Peringkat ke-2 Terbaik CFO
Indonesia.
Rank 2 Best Indonesia cFo.
corPorATE goVErnAncE & corPorATE SociAL rESPonSiBiLiTy
(39)
Eco Friendly Terbaik di Pusat Kota Malang (Ijen Nirwana Residence).
Property with the Best eco-Friendly concept in malang.
• Best Indonesia Green Hotel Awards 2010 (Pan Pacific Nirwana Bali Resort).
Best Indonesia Green Hotel Awards 2010 (Pan Pacific Nirwana Bali Resort).
• Developer of the Year untuk Pengembang Terpadu Berwawasan Lingkungan dari Property & Bank Award 2010. Developer of the Year for Eco-Friendly Integrated Property Developer from Property & Bank Award 2010.
Pengembangan Kawasan (Bogor Nirwana Residence).
The most Inluential Residence in Area Development.
• Top Brand Award 2010 untuk wahana air The Jungle.
Top Brand Award 2010 for The Jungle Waterpark.
hoTEL & rESorT
corPorATion
• Rasuna Epicentrum Sebagai Superblock Terluas di CBD Jakarta.
Rasuna epicentrum as the Largest Superblock at Jakarta cBD.
• Superblok Pertama dan Terbesar di CBD Jakarta.
The First and the Largest Superblock at Jakarta cBD.
• Best Indonesia Green Real Estate Awards 2010 (Rasuna Epicentrum).
Best Indonesia Green Real estate Awards 2010.
• Pengembang Terbaik Sangat Terpuji - Pengembangan Ramah Lingkungan.
Highly commended Best Developer - Green Development (Built).
• Peringkat kedua kategori Ofice Building dalam Prix D’excellence Awards 2010.
Runner up for ofice Building category in Prix D’excellence Awards 2010.
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Laporan Tahunan 2010 Bakrieland 38
LAPorAn
PrESiDEn
KomiSAriS
Report of the
President
(1)
PT BAKRIELAND DEVELOPMENT Tbk.
Induk Perusahaan Saja
LAPORAN LABA RUGI
UNTUK TAHUN YANG BERAKHIR
PADA TANGGAL-TANGGAL
31 DESEMBER 2010 DAN 2009
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIELAND DEVELOPMENT Tbk.
Parent Company Only
STATEMENTS OF INCOME
FOR THE YEARS ENDED
DECEMBER 31, 2010 AND 2009
(Expressed in Rupiah, unless otherwise stated)
2010 2009
Beban usaha Operating expenses
Umum dan administrasi 71.464.864.840 57.836.606.792 General and administrative
Rugi usaha ( 71.464.864.840 ) ( 57.836.606.792 ) Loss from operations
Penghasilan (beban) lain-lain Other Income (expenses)
Bagian atas laba bersih Equity in net earnings of
Anak perusahaan dan perusahaan Subsidiaries and Associated Asosiasi - bersih 280.022.151.221 159.409.108.966 companies - net Penghasilan bunga 23.548.986.580 56.069.817.673 Interest income Rugi transaksi derivatif ( 46.474.142.207 ) - Loss on derivative transaction Rugi selisih kurs - bersih ( 10.250.695.391 ) ( 21.108.238.676 ) Loss on foreign exchange - net Beban keuangan ( 2.703.960.218 ) ( 5.303.752.012 ) Financial charges Amortisasi selisih lebih harga
perolehan (nilai wajar) terhadap Excess of Subsidiaries acquisition cost nilai wajar (harga perolehan) (fair value) over fair value Anak perusahaan - bersih 4.883.015.933 ( 29.425.697 ) (acquisition cost) - net amortization
Loss on sale/disposal Rugi penjualan/penghapusan ( 549.396.807 ) - of property and equipment Rugi atas divestasi Anak perusahaan - ( 3.960.649.724 ) Loss on divestments of Subsidiaries Lain-lain - bersih ( 7.459.431.462 ) 521.766.708 Others - net Penghasilan lain-lain - bersih 241.016.527.649 185.598.627.238 Other income - net
Laba sebelum taksiran Income before provision
manfaat (beban) pajak 169.551.662.809 127.762.020.446 tax benefit (expenses)
Taksiran manfaat (beban) pajak Provision for tax benefit (expenses)
Tangguhan 9.152.939.051 4.493.892.359 Deferred
(2)
PT BAKRIELAND DEVELOPMENT Tbk.
Induk Perusahaan Saja
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
UNTUK TAHUN YANG BERAKHIR
PADA TANGGAL-TANGGAL 31 DESEMBER 2010 DAN 2009
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIELAND DEVELOPMENT Tbk. AND SUBSIDIARIES
Parent Company Only
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED
DECEMBER 31, 2010 AND 2009
(Expressed in Rupiah, unless otherwise stated)
Selisih
Laba (Rugi) Nilai Transaksi Selisih yang Belum Restrukturisasi Transaksi Terealisasi atas Entitas Perubahan
Modal Saham Investasi Efek Sepengendali / Ekuitas Selisih Kurs Karena Ditempatkan Tambahan yang Tersedia Difference Perusahaan Penjabaran Laporan
dan Disetor Modal Saham yang untuk Dijual / in Value Assosiasi / Keuangan / Saldo Laba / Retained Earnings Penuh / Disetor - Bersih / Diperoleh Unrealized of Restructuring Difference in the Exchange Difference
Capital Stock Additional Kembali/ Gain (Loss) on Transaction Equity Transaction Due to Financial Ditentukan Belum Ditentukan Jumlah Ekuitas / Issued and Paid-in Treasury Investment under of Entities under of Associate Statements Penggunaannya/ Penggunaannya/ Total Stockholders’
Fully Paid Capital - Net Stock Available-for-sale Common Control Companies Translation Appropriated Unappropriated Equity
Saldo 1 Januari 2009 2.551.607.447.300 1.599.628.005.271 - ( 2.511.587.520) 54.732.012.959 ( 15.348.965.854 ) - 27.209.957.137 292.361.900.465 4.507.678.769.758 Balance January 1, 2009
Laba bersih tahun 2009 - - - 132.255.912.805 132.255.912.805 Net income in 2009
Difference in the
Selisih transaksi perubahan equity transaction of
ekuitas perusahaan Associate companies
Asosiasi (Catatan 2b) - - - 466.332.500 - - - 466.332.500 (Note 2b)
Pemberian kompensasi
berbasis saham kepada Stock based
karyawan (Catatan 2aa compensation
dan 36) - 3.386.572.658 - - - 3.386.572.658 (Notes 2aa and 36)
Pelaksanaan waran Exercise warrants
(Catatan 29) 78.500.000 117.750.000 - - - 196.250.000 (Note 29)
Saham yang diperoleh
kembali (Catatan 2ee Treasury stock
dan 31) - - ( 1.499.819.652) - - - ( 1.499.819.652 ) (Notes 2ee and 31)
Tersedia untuk dijual Available-for-sale
(Catatan 2h dan 5) - - - 44.096.500 - - - 44.096.500 (Notes 2h and 5)
Saldo Balance
31 Desember 2009 2.551.685.947.300 1.603.132.327.929 ( 1.499.819.652 ) ( 2.467.491.020 ) 54.732.012.959 ( 14.882.633.354 ) - 27.209.957.137 424.617.813.270 4.642.528.114.569 December 31, 2009
Dampak penerapan awal Effect of first adoption
PSAK No. 50 (Revisi of PSAK No. 50 (Revised
2006) dan PSAK No. 55 2006 and PSAK No. 55
(Revisi 2006) (Revised 2006)
(Catatan 2h dan 2ff) - - - ( 6.505.758.101 ) ( 6.505.758.101) (Notes 2h and 2ff)
Saldo pada tanggal 1 Januari 2010
setelah dampak Effect of first time
penerapan awal adoption of PSAK No. 50
PSAK No. 50 (Revisi (Revised 2006) and
2006) dan PSAK PSAK No. 55 (Revised
(3)
PT BAKRIELAND DEVELOPMENT Tbk.
Induk Perusahaan Saja
LAPORAN PERUBAHAN EKUITAS
KONSOLIDASIAN (Lanjutan)
UNTUK TAHUN YANG BERAKHIR
PADA TANGGAL-TANGGAL 31 DESEMBER 2010 DAN 2009
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIELAND DEVELOPMENT Tbk. AND SUBSIDIARIES
Parent Company Only
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’
EQUITY (Continued)
FOR THE YEARS ENDED
DECEMBER 31, 2010 AND 2009
(Expressed in Rupiah, unless otherwise stated)
Selisih
Laba (Rugi) Nilai Transaksi Selisih yang Belum Restrukturisasi Transaksi Terealisasi atas Entitas Perubahan
Modal Saham Investasi Efek Sepengendali / Ekuitas Selisih Kurs Karena Ditempatkan Tambahan yang Tersedia Difference Perusahaan Penjabaran Laporan
dan Disetor Modal Saham yang untuk Dijual / in Value Assosiasi / Keuangan / Saldo Laba / Retained Earnings Penuh / Disetor - Bersih / Diperoleh Unrealized of Restructuring Difference in the Exchange Difference
Capital Stock Additional Kembali/ Gain (Loss) on Transaction Equity Transaction Due to Financial Ditentukan Belum Ditentukan Jumlah Ekuitas / Issued and Paid-in Treasury Investment under of Entities under of Associate Statements Penggunaannya/ Penggunaannya/ Total Stockholders’
Fully Paid Capital - Net Stock Available-for-sale Common Control Companies Translation Appropriated Unappropriated Equity
Pencadangan saldo laba
sebagai cadangan Appropriation of retained
umum - - - 13.225.591.281 ( 13.225.591.281 ) - earnings
Laba bersih tahun 2010 - - - 178.704.601.860 178.704.601.860 Net income period 2010
Difference in the
Selisih transaksi perubahan equity transaction of
ekuitas perusahaan Associate companies
Asosiasi (Catatan 2b) - - - 115.834.881.672 - - - 115.834.881.672 (Note 2b)
Tambahan modal disetor Additional paid-in capital
(Catatan 28) 1.995.988.569.500 1.079.161.815.792 - - - 3.075.150.385.292 (Note 28)
Pemberian kompensasi
berbasis saham kepada Stock based
karyawan (Catatan 2aa compensation
dan 36) - 3.386.572.658 - - - 3.386.572.658 (Notes 2aa and 36)
Pelaksanaan waran Exercise warrants
(Catatan 29) 4.302.622.200 6.453.933.300 - - - 10.756.555.500 (Note 29)
Pembayaran deviden Dividend payments
(Catatan 28) - - - ( 19.959.885.695 ) ( 19.959.885.695) (Note 28)
Saham yang diperoleh
kembali (Catatan 2ee Treasury stock
dan 31) - - ( 26.335.681.348) - - - ( 26.335.681.348 ) (Notes 2ee and 31)
Tersedia untuk dijual Available-for-sale
(Catatan 2h dan 5) - - - 49.153.775.543 - - - 49.153.775.543 (Notes 2h and 5)
Selisih kurs penjabaran Exchange difference
laporan keuangan financial statements
(Catatan 2b) - - - ( 984.331.528 ) - - ( 984.331.528 ) translation (Note 2b)
Saldo Balance
(4)
PT BAKRIELAND DEVELOPMENT Tbk.
Induk Perusahaan Saja
LAPORAN ARUS KAS
UNTUK TAHUN YANG BERAKHIR
PADA TANGGAL-TANGGAL
31 DESEMBER 2010 DAN 2009
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIELAND DEVELOPMENT Tbk.
Parent Company Only
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED
DECEMBER 31, 2010 AND 2009
(Expressed in Rupiah, unless otherwise stated)
2010 2009
Cash Flows From Operating
Arus Kas dari Kegiatan Usaha Activities
Laba bersih 178.704.601.860 132.255.912.805 Net Income
Penyesuaian untuk merekonsiliasi laba Adjustments to reconcile net bersih menjadi kas bersih yang income to net cash used in digunakan untuk aktivitas operasi: operating activities: Amortisasi beban emisi obligasi - 1.778.333.328 Amortization of bonds issuance costs Depreciation of property and Penyusutan aset tetap 1.280.675.947 1.290.482.441 equipments Bagian laba bersih Anak perusahaan Equity in net income of Subsidiaries
dan perusahaan Asosiasi ( 280.022.151.221 ) 158.791.865.307 and Associated companies Laba atas divestasi Anak perusahaan - 3.960.649.724 Gain on divestments of Subsidiaries Beban (manfaat) pajak tangguhan ( 9.152.939.051 ) ( 4.493.892.359 ) Deferred tax expense (benefit) Laba selisih kurs - bersih 17.648.350.039 65.483.273.458 Gain on foreign exchange - net Loss on sales/disposal of property Rugi penjualan/penghapusan aset tetap 549.396.807 - and equipments Dampak penerapan awal Effect of first time adoption of
PSAK No. 50 dan 55 ( 6.505.758.101 ) - PSAK No. 50 and 55 Perubahan dalam aset dan kewajiban Changes in operating assets
operasional: and liabilities:
Piutang lain-lain 59.937.741.171 ( 3.920.011.236 ) Other receivables Biaya dibayar di muka 1.134.000.000 ( 1.134.000.000 ) Prepaid expenses Uang muka ( 158.823.574.966 ) ( 20.321.025.528 ) Advances Aset lain-lain 10.446.342.032 4.847.121.926 Other assets Hutang lain-lain 39.702.249.507 ( 3.347.343.324 ) Other payables Biaya masih harus dibayar ( 11.147.720.865 ) ( 12.873.546.930 ) Accrued expenses Hutang pajak 30.265.046 ( 95.787.940 ) Taxes payable Pendapatan ditangguhkan ( 42.025.357.501 ) - Deferred income Uang muka pelanggan ( 848.386.500 ) ( 3.297.005.500 ) Advances from customer
Kas bersih yang diperoleh dari Net cash provided by operating
(digunakan untuk) kegiatan usaha ( 199.092.265.796 ) 318.925.026.172 (used for) activities Cash Flows From Investing
Arus Kas dari Kegiatan Investasi Activities
Peningkatan Investasi jangka pendek ( 590.718.560.111 ) 272.614.269.725 Increased in short-term investment Increased in investment in shares Peningkatan penyertaan saham ( 1.547.013.360.597 ) ( 445.378.472.501 ) of stock of Associated company Penerimaan atas penjualan Proceeds from sale of investment in
penyertaan saham - shares of stock
Peningkatan dana dalam pembatasan ( 133.729.263.110 ) 96.105.646.696 Increased in restricted funds Acquisition of property and Perolehan aset tetap ( 571.965.749 ) ( 1.171.406.145 ) equipment
Kas bersih yang digunakan untuk Net cash used for investing
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PT BAKRIELAND DEVELOPMENT Tbk.
Induk Perusahaan Saja
LAPORAN ARUS KAS (Lanjutan)
UNTUK TAHUN YANG BERAKHIR
PADA TANGGAL-TANGGAL
31 DESEMBER 2010 DAN 2009
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIELAND DEVELOPMENT Tbk.
Parent Company Only
STATEMENTS OF CASH FLOWS (Continued)
FOR THE YEARS ENDED
DECEMBER 31, 2010 AND 2009
(Expressed in Rupiah, unless otherwise stated)
2010 2009
Cash Flows From Financing
Arus Kas dari Kegiatan Pembiayaan Activities
Peningkatan hutang obligasi ( 3.081.546.770 ) 150.000.000.000 Increased in bonds payable Peningkatan piutang hubungan istimewa ( 1.216.676.817.585 ) ( 545.839.456.384 ) Increase in due from related parties Peningkatan (penurunan) hutang Increase (decrease) in due to hubungan istimewa 838.135.152.619 5.180.898.930 related parties Biaya emisi obligasi - ( 2.025.000.000 ) Bond issuance costs
Increase in obligations under Peningkatan hutang sewa pembiayaan ( 396.978.688 ) ( 196.636.804 ) capital lease
Increase in issued and fully
Peningkatan setoran modal paid capital stock
- Penerbitan saham 1.995.988.569.500 - Share issuance -- Realisasi waran 4.302.622.200 78.500.000 Exercise warrant -Peningkatan tambahan modal disetor Increase in additional paid-in capital
- Penerbitan saham 1.200.979.714.358 - Share issuance -- Realisasi waran 6.453.933.300 3.504.322.658 Exercise warrant -Perolehan saham diperoleh kembali ( 26.335.681.348 ) ( 1.499.819.652 ) Purchase of treasury stocks Biaya emisi saham ( 118.431.325.908 ) - Share issuance cost Pembayaran deviden ( 19.279.720.916 ) - Divident payment
Kas bersih yang diperoleh dari (digunakan Net cash provided from (used for)
untuk) kegiatan pembiayaan 2.661.657.920.762 ( 390.797.191.252 ) financing activities
Peningkatan (penurunan) Increase (decrease) in cash and
kas dan setara kas 190.532.505.399 ( 149.702.127.305 ) cash equivalents
Cash and cash equivalents
Kas dan setara kas awal tahun 500.913.713.011 650.615.840.316 at beginning of the year
Cash and cash equivalents
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