PT Bakrieland Development Tbk Laporan Tahunan 2016
MDA Report Profil Perusahaan
Company Profile Laporan Manajemen
also had maturing portions of convertible bonds at Rp3,633.9 billion as of 31 December 2016, increasing
from Rp3,194.2 billion as of 31 December 2015, due to the capitalization of convertible bond interest. Total
convertible bonds or Equity-Linked Bonds amounting to USD155 million. The convertible bonds were issued
by a Subsidiary in 2010 and matured on 23 March 2015. Currently, the management is negotiating with
the Coordinating Committee Co-com regarding the re-structuring of the bonds.
Apart from short-term bank loans and convertible bonds, the Company’s long-term bank loans increased
from Rp777.2 billion on 31 December 2015 to Rp1,174.4 billion on 31 December 2016. The increase
partly due to PT Jungleland Asia, a Subsidiary, investment credit facilities in PT Bank Rakyat Indonesia
Persero Tbk., and PT Mutiara Masyhur Sejahtera, a Subsidiary in PT Bank Capital Indonesia which reached
Rp187.5 billion and Rp150 billion respectively.
Equity
As of 31 December 2016, equity attributable to the parent entity amounted to Rp6,066.8 billion, a
decrease of 7.7 compared to Rp6,571.8 billion on 31 December 2015 as a result of the net loss posted by
the Company.
II. Financial Performance Revenue
Bakrieland’s revenue is derived from the sale of its property products, either products for outright sale
development property or for lease investment property. In 2016, Bakrieland’s sources of income were
as follows:
• Apartments
Apartment projects from which the Company earned most if its income in 2016 were The Wave Condominium
and the Grove Condominium, located within Rasuna Epicentrum, Jakarta. The Wave Condominum stands
on a 38,228 sqm plot of land consisting of the Coral and Sand towers accommodating 2,621 units, while
The Grove Condominium covered an area of 6,666 sqm with 2 towers and a total of 440 units.
pada 31 Desember 2015. Perusahaan juga memiliki utang obligasi konversi yang jatuh tempo sebesar
Rp3.633,9 miliar pada 31 Desember 2016, meningkat dari Rp3.194,2 miliar pada 31 Desember 2015 akibat
adanya kapitalisasi bunga obligasi konversi. Total obligasi konversi atau Equity-Linked Bonds adalah
sebesar USD155 juta. Obligasi konversi ini diterbitkan oleh Entitas Anak pada tahun 2010 dan telah jatuh
tempo pada tanggal 23 Maret 2015. Saat ini manajemen tengah melakukan negosisasi dengan Coordinating
Committee Co-com dalam rangka restrukturisasi atas obligasi ini.
Selain utang bank jangka pendek dan obligasi konversi, perusahaan juga memiliki utang bank jangka panjang
yang mengalami peningkatan dari Rp777,2 miliar pada 31 Desember 2015 menjadi Rp1.174,4 miliar pada
31 Desember 2016. Kenaikan ini terutama disebabkan oleh pencairan fasilitas kredit investasi PT JungleLand
Asia, Entitas Anak di PT Bank Rakyat Indonesia Persero Tbk., dan PT Mutiara Masyhur Sejahtera, Entitas Anak
di PT Bank Capital Indonesia yaitu masing-masing sebesar Rp187,5 miliar dan Rp150 miliar.
Ekuitas
Pada tanggal 31 Desember 2016, ekuitas yang dapat diatribusikan kepada entitas induk tercatat sebesar
Rp6.066,8 miliar, mengalami penurunan sebesar 7,7 dibandingkan dengan Rp6.571,8 miliar pada
31 Desember 2015 sebagai akibat dari rugi bersih yang dicatat oleh Perusahaan pada tahun tersebut.
II. Kinerja Keuangan Penghasilan Usaha
