Annual Report PT Bakrie Sumatera Plantations 2015

LAPORAN
TAHUNAN

2015

ANNUAL
REPORT

PT Bakrie Sumatera Plantations Tbk

INNOVATING GROWTH
REVITALIZING
SUSTAINABILITY

Your Com p any b elieves in t he
importance of innovations in ensuring
sustainable growth, while enhancing its
core com pet ence in t he upst ream
business segment and setting gears for
the revitalization of the dow nstream
segment. Your Company continues to

focus on effots to maintain a high level
of productivity through the enhancement
of production effectiveness and efficiency,
in ensuring the sustainable value creation
for the stakeholders.

Pe ru sa h a a n An d a m e m a h a m i p e n t in g n ya
inovasi bagi pertumbuhan yang keberlanjutan,
sejalan dengan upaya peningkatan kompetensi
in t in ya d a la m se g m e n u sa h a h u lu se rt a
persiapan revitalisasi segm en hilir. Perusahaan
An d a t e t a p b e rfo ku s p a d a u p a ya m e n ja g a
t in g ka t p ro d u kt ivit a s ya n g t in g g i m e la lu i
p en in g ka t a n efekt ivit a s d a n efisien si p ro ses
p ro d u ksi, d e m i m e m a st ika n ke b e rla n ju t a n
p e n cip t a a n

n ila i b a g i p a ra

p e m a n g ku


kepentingan.

2015 Annual Report

• BSP

1

INOVASI
INNOVATION
Pe n g e m b a n g a n b ib it u n g g u l sa w it m e la lu i ke rja sa m a
dengan ASD Costa Rica, m enghasilkan 4 (em pat) varietas
bibit unggul (Spring, Them ba, CR Ovane dan CR Suprem e)
d en g a n keu n g g u la n u sia t a n a m a n m en g h a silka n ya n g
relatif m uda - 2 (dua) tahun dibandingkan 3 (tahun) untuk
t a n a m a n n o rm a l - d a n p o t e n si ke m a m p u a n vo lu m e
produksi buah sawit 40 ton Tandan Buah Segar (TBS) per
hektar per tahun, lebih tinggi dari produksi norm al 25-30
ton TBS per hektar per tahun. Keem pat varietas bibit unggul

in i t e la h m e m p e ro le h p e rse t u ju a n Pe m e rin t a h u n t u k
program penanam an baru dan re-planting , dan ditargetkan
untuk penjualan bagi perkebunan rakyat um um m aupun
perusahaan perkebunan skala m enengah dan besar.

INOVASI BENIH UNGGUL
SAWIT
Innovation on Prem ium Palm Seeds

Th e d evelo p m en t o f p rem iu m p alm seed s t h ro u g h t h e
venture coop eration w ith ASD Costa Rica, p rod ucing 4
(four) prem ium seed varieties (Spring, Them ba, CR Ovane
and CR Sup rem e) featuring relatively shorter im m ature
period - 2 (two) years instead of the norm al 3 (three) years
- with the potential palm production volum e of 40 tons of
Fresh Fruit Bunches (FFB) per hectare per year, higher than
the norm al production of 25-30 tons of FFB per hectare
per year. The four prem ium seed varieties have obtained
the Governm ent approval for new planting and re-planting
p rogram s, and have b een targeted for sale to oil p alm

sm allholders as well as to m id-size and big com panies.

Ke rja sa m a d e n g a n Ya ya sa n Ba krie Am a n a h - se b u a h
ya ya sa n so sia l d a la m Kelo m p o k Usa h a Ba krie - d a la m
p e n g e lo la a n d a n a u n t u k ke p e n t in g a n so sia l m e la lu i
Prog ram ‘Payroll ZIS’ yang m elib atkan karyaw an d alam
pengum pulan dana sosial secara rutin m elalui pem otongan
gaji secara sukarela.
Cooperation with the Bakrie Am anah Foundation - a social
found ation in the Bakrie Business Group - in m anaging
social fund s throug h the ‘Payroll ZIS’p rog ram involving
e m p lo ye e s in t h e co lle ct io n o f so cia l fu n d s t h ro u g h
voluntary salary cut on a regular basis.

2

Laporan Tahunan 2015

• BSP


INOVASI PENGUM PULAN
DANA SOSIAL
Innovation on Social Funds Collection

INOVASI PENGELOLAAN
SAM PAH
Innovation on Trash Managem ent

Pe n g e m b a n g a n p ro g ra m ‘b a n k sa m p a h ’ b a g i sisw a
Sekolah Dasar yang dikelola di bawah yayasan pendidikan
b inaan p erusahaan, yang m elib atkan p ara sisw a d alam
upaya pem ilahan sam pah yang bernilai ekonom is untuk
disalurkan melalui sekolah serta dikonversikan sebagai dana
tabungan bagi kebutuhan sekolah siswa.
The developm ent of the ‘trash bank’ program for students
o f Ele m e n t a ry Sch o o ls ru n b y co m p a n y-su p p o rt e d
educational foundations, involving students in the efforts
t o t a ke a d va n t a g e o f e co n o m ic-va lu e d w a st e t o b e
distributed through the schools and to be converted as
savings of funds for the students’ school needs.


INOVASI PENDIDIKAN
BERBASIS WAWASAN
LINGKUNGAN
Innovation on Environm entally-Based
Ed ucation

Penerapan kurikulum berbasis lingkungan (Adiwiyata) di
Sekolah Dasar Bakrie Utam a Sungai Aur yang berlokasi di
Kecam atan Sungai Aur - Pasam an Barat (dalam lingkungan
Perkebunan Unit Usaha Sum bar/BPP).
Th e im p le m e n t a t io n o f e n viro n m e n t -b a se cu rricu lu m
(Adiwiyata) at the Bakrie Utam a Sungai Aur Elem entary
School located in the Sungai Aur District of West Pasam an
(in the Plantation area of Sum bar / BPP Unit).

INOVASI KONSERVASI
LINGKUNGAN
Innovation on Environm ental
Conservation


Pe n g e m b a n g a n d a n p e n g e lo la a n Min ia t u r Hu t a n
Konservasi seluas 17 Ha di tengah perkebunan sawit di Unit
AGW, b ertujuan untuk m enjag a serta m eng em b ang kan
ke a n e ka ra g a m a n h a ya t i ya n g a d a , m e la lu i u p a ya
p e n a n a m a n b ib it t a n a m a n la n g ka m e la lu i ke rja sa m a
dengan lem baga terkait, juga bertujuan untuk m em elihara
ekosistem yang ada, serta perlindungan dan pem eliharaan
flora dan fauna yang terdapat di lokasi.
The developm ent and m anagem ent of a 17 Ha Miniature
Conservation Park in the m iddle of the palm plantation of
the AGW Unit, aim ed at preserving and developing the
available biodiversities, through the planting of seeds of
endangered species in cooperation with related institutions;
also aim ed at m aintaining current ecosystem s, as well as
to protect and m aintain the prevailing flora and fauna on
location.

2015 Annual Report


• BSP

3

DAFTAR ISI
Contents

36
Diskusi dan Analisa
Manajemen
6

Ikhtisar Keuangan
Financial Highlights

8

Ikhtisar Saham dan Efek Lainnya
Shares and Securities Highlights


11

Rencana Strategis
Strategic Intent

12

Visi & Misi
Vision & Mission

14
15
16
18
19

Sekilas Sejarah
Milestone
Sertifikasi
Certifications

Struktur Organisasi
Organizational Structure
Area Operasi
Area of Operations
Struktur Usaha
Business Structure

22

Sambutan Dewan Komisaris
Message from the BOC

28

Laporan Direksi
Report of the Board of Directors

Management Discussions and
Analysis
37


Tinjauan Segmen Usaha
Business Segment Overview

69

Beban Keuangan
Finance Costs

70

Manfaat (Beban) Pajak
Penghasilan
Income Tax Benefits (Expenses)

70

Laba Neto Tahun Berjalan dari
Operasi yang Dihentikan
Net Profit for the Year from
Discontinued Operations

70

Pendapatan Komprehensif Lain
Other Comprehensive Income

70

Total Rugi Komprehensif Tahun
Berjalan
Total Comprehensive Loss for the
Year
Arus Kas
Cash Flows

38

Sawit
Palm

44

Karet
Rubber

71

48

Oleokimia
Oleochemicals

72

54

Pemasaran
Marketing

Kemampuan Membayar Utang
Debt Repayment Capacity

72

58

Tinjauan Kinerja Usaha
Business Performance Highlights

Kolektibilitas Piutang
Collectability of Receivables

73

59

Sawit
Palm

Struktur Modal
Capital Structure

77

61

Karet
Rubber

Investasi Barang Modal
Capital Investment

78

62

Oleokimia
Oleochemicals

Kejadian Luar Biasa
Extraordinary Events

78

Kejadian Setelah Tanggal Neraca
Subsequent Events

64

Tinjauan Keuangan 2015
2015 Financial Highlights

78

Prospek Usaha
Business Prospects

64

Kinerja Umum
General Performance

78

Aspek Pemasaran
Marketing Aspects

65

Aset
Assets

79

Kebijakan Dividen
Dividend Policy

66

Liabilitas
Liabilities

79

68

Ekuitas
Equity

Program Kepemilikan Saham oleh
Karyawan
Employee Shares Ownership Program

79

69

Pendapatan (Penjualan Neto)
Revenue (Net Sales)

Penggunaan Dana Hasil
Penawaran Umum
Use of Proceeds from Rights Issue

69

Beban Pokok Penjualan (COGS)
Cost of Goods Sales (COGS)

79

69

Beban Usaha
Operating Expenses

Perubahan Kepemilikan Saham
(Investasi / Ekspansi / Divestasi /
Penggabungan/Peleburan Usaha /
Akuisisi)
Changes in Share Ownership
(Investment / Expansion / Divestment /
Merger / Aquisition)

79

Restrukturisasi Utang
Debt Restructuring

80

Transaksi Benturan Kepentingan
Conflict of Interest Transaction

80

Transaksi dengan Pihak Terafiliasi
Affiliated Transaction

80

Perubahan Peraturan dan
Perund ang-und angan
Changes in Law s and Regulations

80

Perubahan Standar Akuntansi
Changes in Accounting Standards

82
Tata Kelola Perusahaan
Corporate Governance

129 Pengelolaan Strategi dan Sistem
Pengendalian Internal
Strategy M anagement and Internal
Control System

131 Sistem Pelaporan dan Penanganan
Tindak Pelanggaran / SPPTP

Landasan Etika Perusahaan
Corporate Ethics Foundation

88

Rapat Um um Pem egang Saham
General M eeting of Shareholders

94

Dewan Kom isaris
Board of Commissioners

98

Corporate Data

Whistleblow ing System

133 Pengelolaan Tanggung Jawab
176 Profil Kom isaris
Sosial dan Lingkungan Perusahaan
Profile of the Board of Commissioners
M anagement of Corporate Social and
Environmental Responsibilities

138 Pengem bangan Ketenagakerjaan
serta Penerapan Kesehatan,
Keselam atan dan Keam anan Kerja
Employment Development and
Implementation of Occupational
Health, Safety and Security

144 Perlindungan Konsum en
Consumer Protection

85

174
Data Perusahaan

146 Akses Inform asi
Access to Information

146 Perkara Penting
M aterial Litigation Case

147 Road Map GCG
GCG Road M ap

183 Profil Direksi
Profile of the Board of Directors

190 Kom isaris dan Direktur Entitas
Anak dan Perusahaan Asosiasi
Commissioners and Directors of
Subsidiaries and Associate Companies

192 Penunjang Pasar Modal
Capital M arket Supporting
Institutions and Professionals

193 Nam a & Alam at Perusahaan,
Entitas Anak & Perusahaan
Asosiasi
Names and Addresses of the
Company, Subsidiaries and Associate
Companies

195 Singkatan Nam a Perusahaan
Abbreviations of Company Names

Direksi
Board of Directors

107 Hubungan Afiliasi Kom isaris,
Direktur dan Pem egang Saham
Utam a/Pengend ali
Affiliation of Commissioners,
Directors and Ultimate/Controlling
Shareholders

108 Kom ite Pendukung Dewan
Kom isaris
Committees Supporting the Board of
Commissioners

115 Sekretaris Perusahaan
Corporate Secretary

154
Pem b erd ayaan
Masyarakat
dan Perlindungan
Lingkungan
Community Development and
Environmental Protection

118 Audit Internal
Internal Audit

121 Manajem en Risiko
Risk M anagement

128 Audit oleh Pihak Eksternal
Audit by External Parties

155 Pem berdayaan Masyarakat
Community Development

164 Perlindungan Lingkungan
Environmental Protection

196
Tanggung Jawab
Pelaporan Tahunan
Responsibility for Annual
Reporting

197
Laporan Keuangan
Konsolid asian
Consolidated Financial
Statements

Lam p iran
Annex
Referensi Otoritas Jasa Keuangan

IKHTISAR KEUANGAN
Financial Highlights
Angka pada tabel dan grafik menggunakan notasi Indonesia
(dalam ribuan rupiah, kecuali disebutkan lain)

Uraian
Descrip tion

Numerical notations in all tables and graphs are in Indonesian
(in thousands IDR, except stated otherwise)

2015

2014*

2013*

2012

2011

Hasil Usaha
Penjualan neto
Net sales

2.021.646.748

2.636.703.408

2.076.486.069

2.485.429.887

3.646.109.970

Beban pokok penjualan
Cost of sales

1.508.031.054

1.906.053.721

1.485.599.280

1.736.764.096

2.213.587.101

513.615.694

730.649.687

590.886.789

748.665.791

1.432.522.869

(1.391.246.384)

(506.829.808)

(3.043.733.871)

(970.138.364)

907.504.303

Manfaat (beban) pajak penghasilan - neto
Incom e tax benefit expense - net

333.393.831

(1.940.798)

477.691.368

25.289.743

(319.685.719)

Laba (rugi) neto tahun berjalan dari
operasi yang dilanjutkan
Net incom e (loss) for the year from
continuing operations

(1.057.852.553)

(508.770.606)

(2.566.042.503)

(944.848.621)

587.818.584

Laba (rugi) neto tahun berjalan dari
operasi yang dihentikan
Incom e (loss) net for the year from
discontinuing operations

540.318.460

(174.173.396)

(200.676.538)

(122.750.156)

157.682.069

Laba (rugi) neto tahun berjalan
Net incom e (loss) for the year

(517.534.093)

(682.944.002)

(2.766.719.041)

(1.067.598.777)

745.500.653

Laba (rugi) neto tahun berjalan yang
dapat diatribusikan kepada pem ilik
entitas induk
Net incom e (loss) for theyear
attributable to owners of the parent

(514.569.643)

(623.581.202)

(2.762.792.133)

(1.065.265.036)

744.889.699

(2.964.450)

(59.362.800)

(3.926.908)

(2.333.741)

610.954

Total (rugi) pendapatan
kom prehensif tahun berjalan
Total com prehensive incom e (loss)
for the current year

(763.647.528)

(725.117.291)

(3.047.203.419)

(1.098.540.855)

667.631.265

Total (rugi) pendapatan
kom prehensif tahun berjalan yang
dapat diatribusikan kepada pem ilik
entitas induk
Comprehensive income (loss) for the
current year attributable to owners of
the parent

(760.683.078)

(665.754.491)

(3.040.527.764)

(1.095.903.882)

667.020.311

(2.964.450)

(59.362.800)

(6.675.655)

(2.636.973)

610.954

Laba bruto
Gross profit
Laba (rugi) sebelum m anfaat
(beban) pajak penghasilan
Incom e (loss) before incom e tax
benefit (expense)

Laba (rugi) neto tahun berjalan
yang dapat diatribusikan kepada
kepentingan non pengendali
Net incom e (loss) for the year
attributable to non-controlling
interests

Total (rugi) pendapatan
kom prehensif tahun berjalan yang
dapat diatribusikan kepada
kepentingan non pengendali
Total com prehensive incom e (loss)
for the current year attributable to
non-controlling interests

6

Laporan Tahunan 2015

• BSP

Angka pada tabel dan grafik menggunakan notasi Indonesia
(dalam ribuan rupiah, kecuali disebutkan lain)

Uraian
Descrip tion

Numerical notations in all tables and graphs are in Indonesian
(in thousands IDR, except stated otherwise)

2015

2014*

2013*

2012

2011

Posisi Keuangan / Financial Position
-

-

-

-

1.668.642

302.472.184

302.472.184

302.535.339

302.535.339

305.708.697

Jum lah aset
Total assets

16.926.616.869

17.450.389.476

18.020.640.490

18.983.332.052

18.702.295.203

Jum lah liabilitas
Total liabilities

13.569.811.257

13.329.936.336

13.175.070.059

11.068.929.244

9.644.732.756

3.356.805.612

4.120.453.140

4.845.570.431

7.914.402.808

9.057.562.447

(6.492.421.059)

(5.102.238.942)

(2.899.502.046)

787.482.797

(2.074.241.065)

(3,06%)

(3,91%)*

(15,35%)*

(5,61%)

3,98%

(15,42%)

(16,57%)*

(62,89%)*

(13,46%)

8,22%

18,49%

33,73%

54,41%

126,24%

39,77%

404,25%

323,51%*

271,90%*

139,86%

106,48%

80,17%

76,39%*

73,11%*

58,31%

51,57%

Investasi pada entitas asosiasi
Investm ents in associates
Investasi pada entitas lain
Investm ents in other entities

Ekuitas neto
Equity - net
Modal kerja bersih
Net working capital

Rasio Keuangan / Financial Ratio
Tingkat pengem balian aset
Return on assets
Tingkat pengem balian ekuitas
Return on equity
Rasio lancar
Current ratio
Rasio kewajiban terhadap ekuitas
Liabilities to Equity Ratio
Rasio kewajiban terhadap aset
Liabilities to assets ratio

Inform asi Keuangan Lainnya / Other Financial Inform ation
EBITDA terhadap beban bunga
EBITDA to interest Expenses

0,43x

0,84x

1,03x

1,06x

2,39x

Tingkat perputaran persediaan
Inventory turnover

37,91

21,75

15,54

17,01

32,04

Tingkat perputaran aset tetap
Assets turnover

21%

27%

22%

25%

34%

Tingkat perputaran jum lah aset
Total assets turnover

0,12

0,15

0,12

0,13

0,19

25,41%

27,71%

28,46%

30,12%

39,29%

13.720.471.386

13.720.471.386

13.720.471.386

13.720.470.842

13.686.738.842

(37,72)

(49,78)

(201,36)

(77,69)

54,80

0

0

0

4,51

4,40

686.023.569.300

686.023.569.300

686.023.569.300

1,276,003,788,306

3,900,720,569,970

Marjin laba kotor
Gross profit m argin

Inform asi Saham
Jumlah saham beredar (lembar saham)
Outstanding shares (share of stock)
Laba (rugi) neto per saham dasar (Rp)
Basic earnings (loss) per share (IDR)
Dividen per saham (Rp)
Dividend per share (IDR)
Nilai kapitalisasi pasar (Rp)
Market capitalization value (IDR)
*

disajikan kembali | restated

2015 Annual Report

• BSP

7

IKHTISAR SAHAM DAN EFEK LAINNYA
Shares and Securities Highlights

Harga dan Volume Saham BSP Selama Tahun 2015
Price and Volum e Perform ance of BSP Shares During 2015
Harga Penutupan Saham (Rp)
Closing Price (IDR)

Volum e Saham BSP
BSP Shares Volum e
(u n it)
180.000.000

70

160.000.000

60

140.000.000
50
120.000.000
40

100.000.000

30

80.000.000
60.000.000

20
40.000.000
10

20.000.000

0

0

Jan - Mar

Apr - Jun

Jul - Sep

Oct - Dec

Kinerja Saham | Share Perform ance
(Rupiah)

Harga tertinggi
Harga terendah
Harga pada akhir tahun
Rugi neto per saham dasar

2015

2014

50
50
50
(37,50)

82
50
50
(45,44)

( IDR)

Highest price
Lowest price
Year-end price
Basic loss per share

Harga Saham | Share Price

2015

(Rupiah)

Pem b ukaan Terend ah
Op en
Lowest
Triwulan
Triwulan
Triwulan
Triwulan

I
II
III
IV

50
50
50
50

2014

Tertinggi
Highest

50
50
50
50

50
50
50
50

Penutup an Pem b ukaan
Close
Op en
50
50
50
50

50
50
50
50

(IDR)

Terend ah
Lowest

Tertinggi
Highest

Penutup an
Close

50
50
50
50

82
57
50
54

50
50
50
50

1st
2nd
3rd
4th

Quarter
Quarter
Quarter
Quarter

Peredaran Saham | Share Distribution

2015

(unit)

IDX : UNSP

Triwulan
Triwulan
Triwulan
Triwulan

8

I
II
III
IV

Pasar Reguler
Frekuensi (x)
Volum e
5.161
1.248
1.177
1.435

Laporan Tahunan 2015

340.605.100
5.995.300
1.222.200
4.192.300

• BSP

2014
Pasar Negosiasi
Volum e
426.743.825
685.487.900
519.926.492
332.665.550

Pasar Reguler
Frekuensi (x)
Volum e
31.314
21.541
1.862
7.187

2.932.907.600
212.395.800
48.925.200
419.931.900

(unit)

Pasar Negosiasi
Volum e
558.554.725
341.109.772
215.377.900
720.939.025

1st
2nd
3rd
4th

Quarter
Quarter
Quarter
Quarter

Dividen | Dividends
Tahun

Saldo Laba Ditahan
(Defisit)
Retained Earnings
(Deficit)
(Rp | IDR 000)

Year

1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004*
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*

20.958.630
30.741.819
32.325.516
37.947.393
51.588.016
71.984.448
100.331.884
135.160.976
166.769.962
38.323.862
(155.326.414)
(225.869.471)
(149.914.301)
(67.347.562)
8.641.491
110.371.065
262.289.585
433.899.857
543.073.253
761.819.508
1.528.053.050
2.212.742.843
1.084.981.063
(1.677.811.070)
(2.301.100.710)*
(2.815.670.353)

Laba (Rugi) Bersih

Dividen Tunai

Jumlah Saham

Dividen Dibayar

Payout Ratio

Net Profit (Loss)

Cash Dividend

Total Share

Dividend Payment

Payout Ratio

(Rp | IDR 000)

(Rp | IDR)

(000 saham | shares)

(Rp | IDR 000)

(%)

200
275
275
285
350
400
75
75
6
9
15
17
9
3,8
4,4
4,555
-

37.000
37.000
37.000
37.000
37.100
37.100
74.000
207.200
207.200
207.200
248.640
248.640
248.640
248.640
2.331.000
2.331.000
2.331.000
3.787.875
3.787.997
3.787.997
13.553.773
13.686.739
13.720.471
13.720.471
13.720.471
13.720.471

10.054.899
15.185.189
11.758.727
15.796.846
24.185.623
33.346.431
43.147.436
50.369.091
50.469.411
(6.445.287)
(193.650.277)
(70.543.056)
75.955.170
80.425.611
95.916.193
115.715.575
172.897.520
206.575.272
173.569.364
252.783.327
805.630.446
744.889.699
(1.067.598.777)
(2.766.719.041)
(682.944.002)*
(517.534.093)

7.400.000
10.175.000
10.175.000
10.545.000
12.950.000
14.800.000
15.540.000
15.540.000
13.986.000
20.979.000
34.965.000
64.395.948
34.037.072
50.292.114
60.199.906
62.500.000
-

73,59%
67,00%
86,53%
66,75%
53,54%
44,38%
36,00%
30,85%
14,58%
18,13%
20,22%
31,17%
19,61%
19,90%
7,47%
8,39%
-

setelah perubahan kebijakan akuntansi dan penyajian kembali laporan keuangan | after change in accounting policy and restatement of financial statements

Kronologi Pencatatan Saham | Share Listing Chronology
IDX : UNSP

Penawaran Saham Perdana
Pencatatan Perusahaan
Pem ecahan Nilai Nom inal Saham (@ Rp 500)
Saham Bonus
Saham Dividen
Pem ecahan Nilai Nom inal Saham (@ Rp 100)
Penawaran Umum Terbatas I
Penawaran Umum Terbatas II
Pem belian Kem bali Saham (6.100.000)
Penawaran Umum Terbatas III
Konversi Waran

Tanggal
Date

06-01-1990
02-02-1996
26-08-1996
16-09-1996
23-08-1999
18-10-2004
10-11-2004
29-08-2007
17-11-2008
02-02-2010
31-12-2013

Saham Terakumulasi
Accumulated Stocks

Nominal Terakumulasi
Accumulated Nominal

(saham | shares)

(Rp miliar | IDR billion)

11.100.000
37.000.000
74.000.000
207.200.000
248.640.000
994.560.000
2.331.000.000
3.787.875.000
3.781.775.000
13.553.772.676
13.720.471.386

11,10
37,00
37,00
103,60
124,32
124,32
233,10
378,79
378,18
1.355,38
1.372,05

Initial Public Offering
Com pany Listing
Stock Split (@ IDR 500)
Bonus Shares
Dividend Shares
Stock Split (@ IDR 100)
1st Rights Issue (8:7)
2nd Rights Issue (8:5)
Share Buyback (6,100,000)
3rd Rights Issue (2:5)
Warrant Conversion

Catatan | Notes: sudah termasuk saham konversi w aran | includes shares from converted w arrants

2015 Annual Report

• BSP

9

Komposisi Pemegang Saham | Shareholders’ Com position per 31/12/2015
Jum lah
Lem bar Saham
Num ber of Shares

Pem egang Saham
Sharehold ers
Haiyanto
Credit Suisse AG, Singapore Branch
S/A Long Haul Holdings Ltd (MOU Facility)
PT Asuransi Jiwa Sinarm as MSIG
Meivel Holdings Corporation
PT Raja Dana Indonesia
Credit Suisse AG Singapore Trust/AC
Clients-2023904000
Reksa Dana Penyertaan Terbatas
Syailendra Multi Strategy Fund II
Reksadana HPAM Premium 1
PT Bakrie Kim ia Investam a
DBS Bank Ltd SG - PB Clients
Citibank New York SA Dim ensional
Emerging Market Value Fund
PT Petrom ine Energy Trading
PT Bakrie Capital Indonesia
Dana Pensiun Bakrie
PT Bakrie & Brothers Tbk
Koperasi Karyawan PT Bakrie Sum atera Plantations Tbk
PT Bakrie Investisindo
Masyarakat
Jumlah

|

Total

Jumlah
Nominal (Rp 000)
Total (IDR 000)

%

906.765.500

90.676.550

6,61

430.000.000
339.661.000
320.396.500
305.000.000

43.000.000
33.966.100
32.039.650
30.500.000

3,13
2,48
2,34
2,22

240.928.500

24.092.850

1,76

194.280.500
180.000.000
170.379.984
157.732.000

19.428.050
18.000.000
17.037.998
15.873.200

1,42
1,31
1,24
1,16

111.492.900
77.275.000
17.314.530
4.500.000
2.463.471
1.087.500
940.800
10.259.253.201

11.149.290
7.727.500
1.731.453
450.000
246.347
108.750
94.080
1.025.925.321

0,81
0,56
0,13
0,03
0,02
0,01
0,01
74,76

13.720.471.386

1.372.047.139

100,00

Efek Lainnya | Other Securities:
Wesel Bayar | Equity-Linked Notes
Bursa
Stock Exchange
SGX-ST

Tanggal Pencatatan
Listing Date

Jum lah (USD)
Am ount (USD)

18 Februari 2010

100.000.000

Pembayaran Bunga Wesel Bayar | Paym ent of Equity-Linked Notes Interests
Tanggal | Date
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.

1
1
1
1
1
1
1
1
1
1
1

Jumlah | Amount (USD)

September 2010
Maret 2011
September 2011
Maret 2012
September 2012
Maret 2013
September 2013
Maret 2014
September 2014
Maret 2015
September 2015

4.288.888,89
436.854,00
3.996.000,00
3.062.360,00
3.078.360,00
3.178.360,00
3.178.360,00
3.178.360,00
-

Obligasi | Bond

Perusahaan Anda sudah tidak m em iliki obligasi yang m asih beredar sejak tahun 2014.
Your Com pany did not have anym ore bonds traded in the m arket since 2014.

10

Laporan Tahunan 2015

• BSP

Bunga / Jangka Waktu
Interest / Period
8% p.a. / 7 years

RENCANA STRATEGIS
Strategic Intent

Operational Excellence
Driven by Standardization

GREAT

Pencapaian Keunggulan Operasional
m elalui Standarisasi

Go! and Reach Extraordinary Achievement through Transformation

FOCUS STRATEGIES: PALM & RUBBER
1. Develop Right Land with Suitable Clim ate
2. Nurture the Right Organization
and Talent Pool
3. Build & Maintain Right Infrastructure
4. Attain High Yield and Lowest
Com petitive Cost Position
5. Partner with Reputable Funding Resources
6. Leverage and Expand Sizeable
Land Bank
7. Adapt Applied Technology (R&D)

CORE VALUES

• BSP is Our Hom e
• Initiative and Em powerm ent
with Accountability
• Sense of Mission
• Adaptive to and
Driving Change

M ISSION
“Nurture and Sustain the
Wealth of Our Com m unity
ARE WE IN:
by Extracting the Optim um
Value Creation through
Integrated Sustainable
Environm entally Friendly
Agro-Business and Related
Operation and Leveraging
Services
CORE Expertise in Multi
Crops and Global
FOCUS STRATEGIES: OLEO
VISION
Op erations”
1. Develop & Sustain Operational
“To Be the Num ber One
Exellence
and Most Adm ired
2. Nurture the Right Organization
Integrated Agro-Business
and Talent Pool
3. Extend Strategic Sourcing Partners &
Com pany in Indonesia”
Alternatives
4. Deliver Prom ised Service Rate
5. Consistently Com ply with Industry Standard
6. Partner with Reputable Funding Resources
(in line with Long Range Financial Road Map)
7. Retain and Acquire Global Brand Endorser(s)
WHAT BUSINESS

Strategy

Result

2015 Annual Report

• BSP

11

VISI vision
To be the Number One and
M ost Admired Integrated
Agro-Business Company in
Indonesia

Menjadi Perusahaan Agrobisnis
Terintegrasi Nomor Satu dan Paling
Dikagumi di Indonesia

Number One
Reaching the position as the largest
company in Indonesia, based on the
revenue size.

M ost Admired
Being a company that others would
like to emulate, growing by excellent
o p e ra t io n a l
syst e m s
and
performance, as well as becoming the
industry standards, with high ROE, as
well as good Com p any Rating and
People Management.

Integrated
Co ve rin g b u sin e ss lin e s fro m t h e
upstream industry (through research
d e ve lo p m e n t a n d
p la n t a t io n
m a n a g em en t ) t o t h e d o w n st rea m
ind ustry (w ith the d evelop m ent of
b a sic p ro ce ssin g in t o a d va n ce
processing operations).

Paling Dikagumi
Menjadi perusahaan yang ingin ditiru perusahaan lain, berkembang dengan
sistem dan kinerja operasional yang sempurna, serta menjadi tolok ukur bagi
industri, yang memiliki tingkat ROE yang tinggi, Rating Perusahaan serta People
Management yang baik.

Terintegrasi
Memiliki lingkup usaha terbentang dari industri hulu (melalui pengembangan
riset dan pengelolaan kebun) serta industri hilir (dengan pengembangan operasi
pemrosesan dasar menjadi pemrosesan lebih lanjut).

Ruang lingkup usaha meliputi aneka komoditas serta produk turunannya.

The scope of business covers m ulticommodities and derivatives.

In Indonesia
De sp it e t h e o rie n t a t io n t o w a rd s
g lo b a l g ro w t h , t h e m a in fo cu s
re m a in s t o b e t h e n u m b e r o n e
company in the agro-business sector
operating in Indonesia.

Laporan Tahunan 2015

Mencapai posisi sebagai perusahaan terbesar di Indonesia, berdasarkan ukuran
total pendapatan.

Sektor Agrobisnis

Agro-Business

12

Nomor Satu

• BSP

Di Indonesia
Meskip un akan tum b uh secara glob al, nam un fokus utam a ad alah untuk
m enjad i p erusahaan nom or satu d i sektor ag rob isnis yang b erop erasi d i
Indonesia.

Visi dan Misi Perusahaan Anda telah disetujui oleh
Direksi dan Dewan Komisaris pada tahun 2010.
Your Company’s Vision and Mission have been
approved by the Board of Directors and Board of
Commissioners in 2010.

MISI mission
Mengembangkan dan Menjaga
Kesinambungan Kesejahteraan
Komunitas dengan Melakukan
Ekstraksi Penciptaan Nilai Optimal
melalui Kegiatan Operasional yang
Ramah Lingkungan dan
Memanfaatkan Keahlian Kunci
dalam Operasi Multi Tanaman
dan Operasi Global

Nurture and Sustain the Wealth of Our
Community by Extracting the Optimum
Value Creation through Environmentally
Friendly Operations and Leveraging Core
Exp e rt ise in Mu lt i-Cro p s a n d Glo b a l
Op erations

Nurture and Sustain
Yo u r Co m p a n y n u rt u re s e co n o m ic
benefits for both internal and external
communities. The internal community
includes employees and their families,
a s w e ll a s in ve st o rs. Th e e xt e rn a l
community comprises all stakeholders
having mutual economic relations with
Your Company.

M engembangkan dan M enjaga
Kesinambungan
Perusahaan Anda membina manfaat ekonomis bagi komunitas internal
dan eksternal. Komunitas internal mencakup karyawan dan keluarga
m ereka , sert a in vest o r. Ko m u n it a s ekst ern a l m en ca ku p selu ru h
pemangku kepentingan yang mengembangkan hubungan ekonomis
yang saling menguntungkan dengan Perusahaan Anda.

Nilai Optimal
Perusahaan Anda memperoleh nilai tambah ekonomis dalam semua
p roses rantai nilai guna m encap ai ekstraksi p encip taan nilai yang
optim al.

Ramah Lingkungan
Pe ru sa h a a n An d a m e m a t u h i best pract ices in d u st ri d a la m h a l
lingkungan dan sosial. Indikator yang relevan digunakan seperti ISPO
dan RSPO Compliance, CSR Rating, EHS Rating, dan ISO 14001.

Keahlian Kunci
Perusahaan Anda memiliki Sumber Daya Manusia, proses bisnis, sistem
dan teknologi yang unggul; serta terus mengadakan penelitian dan
pengem bangan untuk m eningkatkan hasil dari kebun dan fasilitas
p e m ro se sa n ya n g d im iliki d e n g a n d id u ku n g o le h know ledge
management yang baik.

M ulti Tanaman dan Operasi Global
Perusahaan Anda mengembangkan agrobisnis multi komoditas dan
juga mengembangkan operasional global.

Optimum Value
Your Com pany gains econom ic value
ad d ed in every p rocess of the value
ch a in t o ext ra ct t h e o p t im u m va lu e
creation.

Environment-Friendly
Yo u r Co m p a n y co m p lie s w it h t h e
in d u st ry’s b e st p ra ct ice s in b o t h
e n viro n m e n t a l a n d so cia l issu e s.
Relevant ind icators used includ e the
ISPO and RSPO Compliance, CSR Rating,
EHS Rating, and ISO 14001.

Core Expertise
Your Com p any has excellent Hum an
Resources, business processes, systems
and applied technologies; and persists
to conduct research and development
a ct ivit ie s t o e n h a n ce t h e yie ld s o f
current estates and processing facilities,
su p p o rt e d b y g o o d kn o w le d g e
m anagem ent.

M ult i-Crops and Global
Operations
Yo u r Co m p a n y d e ve lo p s t h e m u lt icommodities agro-business as well as
develops global operations.

2015 Annual Report

• BSP

13

SEKILAS SEJARAH
Milestone
Didirikan dengan
nama Naamlooze
Vennootschap
Hollandsch
Am erikaansche
Plantage
Maatschappij

Berganti nama
menjadi PT United
States Rubber
Sum atra
Plantations
(USRSP) setelah
diakuisisi oleh
Uniroyal Inc.

Established as
Naam looze
Vennootschap
Hollandsch
Am erikaansche
Plantage
Maatschappij

Renamed as
PT United States
Rubber Sumatra
Plantations
(USRSP) following
the acquisition by
Uniroyal Inc.

1911

PT Bakrie &
Brothers
mengambil alih
kepem ilikan 75%
saham UNSP

Renamed as
PT United Sumatra
Plantations (UNSP)

Conducted an
Initial Public
Offering of its
shares through the
Indonesia Stock
Exchange
(previously known
as the Jakarta
Stock Exchange)
with a nominal
price of
IDR 1,000 per
share

1985

1986

1990

2004

2007

2008

2010

Melakukan stock
split 2:1 dan
mengubah harga
nominal saham
menjadi Rp 500
per lembar saham

Melakukan stock
split 5:1 dan
mengubah harga
nominal saham
menjadi Rp 100
per lembar saham

Penawaran Umum
Terbatas II: saham
yang beredar
m enjadi
3.787.875.000
lembar saham

Pem belian kem bali
saham UNSP
sebanyak
6.100.000 lem bar
saham

Penawaran Umum
Terbatas III: saham
yang beredar
m enjadi
13.553.772.676
lembar saham

Menyesuaikan
dengan ketentuan
Undang-undang
tentang Perseroan
Terbatas, nama
m enjadi
PT Bakrie
Sum atera
Plantations Tbk

Penawaran Umum
Terbatas I: saham
yang beredar
m enjadi
2.331.000.000
lembar saham

The Second
Limited Public
Offering: traded
shares became
3,787,875,000
shares

USRSP
dinasionalisasikan
oleh Pemerintah
Republik Indonesia
hingga 1967

Berganti nama
m enjadi
PT Uniroyal
Sum atra
Plantations

USRSP was
nationalized by the
Indonesian
Government until
1967

Changed
its name to
PT Uniroyal
Sum atra
Plantations

1957

1965

1992

1997

Berganti nama
menjadi PT Bakrie
Sum atera
Plantations (BSP),
dan mulai
m em asuki bisnis
kelapa sawit
Renamed as
PT Bakrie
Sum atera
Plantations (BSP),
and entered the
palm oil business

Conducted a 2:1
stock split and
changed the
share’s nominal
price to
IDR 500 per share
In compliance with
the Law on
Lim ited Com pany,
the name was
altered as
PT Bakrie
Sum atera
Plantations Tbk
14

Berganti nama
menjadi PT United
Sum atra
Plantations (UNSP)

Melakukan
penawaran saham
perdana melalui
Bursa Efek
Indonesia (dahulu
Bursa Efek Jakarta)
dengan harga
nom inal
Rp 1.000 per
lembar saham

Laporan Tahunan 2015

• BSP

Conducted a 5:1
stock split and
changed the
share’s nominal
price to
IDR 100 per share
The First Limited
Public Offering:
traded shares
becam e
2,331,000,000
shares

PT Bakrie &
Brothers acquired
75%
of UNSP shares

Buyback of
6,100,000 UNSP
shares

Memasuki usaha
oleokimia dan
m encanangkan
Rencana Strategis
Baru
The Third Limited
Public Offering:
traded shares
becam e
13,553,772,676
shares
Enters the
oleochem ical
business and
launched the New
Strategic Intent

SERTIFIKASI
Certifications

Unit

Tanggal
Dikeluarkan

Tanggal
Berakhir

ISO 9001:2008

JOP
GLP
Corporate Jakarta
Kisaran
AMM/AGW
SNP
FSC Tanjung Morawa
HIM

19/05/2015
29/02/2012
20/02/2012
15/09/2015
02/08/2012
15/10/2012
29/04/2014
10/06/2011

18/05/2018
05/01/2015
19/02/2015
30/04/2018
01/08/2015
14/10/2015
24/04/2017
09/06/2017

ISO 14001:2004

HIM
Kisaran
JOP
Corporate Jakarta
AMM/AGW
BPP Pasaman
SNP
AM

10/03/2014
30/04/2014
19/05/2015
20/02/2012
02/08/2012
03/12/2012
15/10/2012
09/12/2013**

09/03/2017
21/04/2017
18/05/2018
19/02/2015
02/08/2015
25/10/2015
14/10/2015

SM K3

Kisaran

31/08/2015

30/08/2018

RSPO

Kisaran
AMM/AGW

03/11/2015
28/08/2012

02/11/2020
27/08/2017

SCCS

Kisaran
AMM/AGW

03/11/2015
28/08/2012

02/11/2020
27/08/2017

ISPO

AMM/AGW
Kisaran
BPP Pasaman

16/01/2014
17/06/2015
17/06/2015

15/01/2019
16/06/2020
17/06/2020

SJH

Kisaran
GLP
AMM/AGW

17/07/2013
17/07/2013
17/07/2013

16/07/2015
16/07/2015
16/07/2015

SNI 06-1903-2000
Standard Indonesia
Rubber

Kisaran

23/09/2013

10/09/2017

SNI ISO 9001:2008

Kisaran
HIM
JOP Factory

15/09/2015
10/07/2013
05/03/2014

30/04/2018
24/06/2017
04/03/2017

OHSAS
18001:2007

JOP
Kisaran
SNP
AMM/AGW
HIM

23/04/2011
12/04/2012
15/10/2012
03/11/2014
10/06/2011

04/2017
15/01/2015
14/10/2015
06/04/2017
09/06/2017

PROPER

Kisaran
HIIM

Biru
Biru

20/11/2015
2014-2015

Standar

SERTIFIKASI
SISTEM

(Sistem Jaminan
Halal)

SERTIFIKASI
PRODUK

SERTIFIKASI
KETENAGAKERJAAN

PROGRAM
LINGKUNGAN

* * Tanggal Pelaksanaan Audit Sertifikasi (Certificate in progress)
2015 Annual Report
2015 Annual Report

• BSP
• BSP

15
15

BOARD OF COM M ISSIONERS
Soedjai Kartasasm ita*
Anindya N. Bakrie
Anton Apriyantono*
Bobby Gafur S. Um ar
Bungaran Saragih*
Adika Nuraga Bakrie

BOARD OF DIRECTORS
M. Iqbal Zainuddin
Rudi Sarwono**
B. Chandrasekaran
C. S. Seshadri
Andi W. Setianto
Boey Chee Weng
Adhika Andrayudha Bakrie

CORPORATE
SECRETARY
Fitri Barnas

PRESIDENT DIRECTOR / CEO
M. Iqbal Zainuddin

DIRECTOR IN CHARGE
UPSTREAM
Boey Chee Weng

ENTERPRISE AUDIT &
RISK MANAGEMENT
Edi Juanda

UPSTREAM WILAYAH 1
Chief Wilayah 1:
Nahum Panggabean

AREA SUMBAR
Berm ansyah Sinaga

UPSTREAM WILAYAH 2
Chief Wilayah 2:
Hepi Sapirm an

AREA SUMUT 1
Lilik Qusairi

UPSTREAM
SERVICES & SUPPORT
Chief Upstream
Services & Support:
Edy Sukam to

FINANCE &
REPORTING UPSTREAM
Taufik Hidayat

AGRONOMY
INSPECTORATE PALM
Ahm ad Najib
Edy Prayitno

16

Laporan Tahunan 2015

• BSP

DIRECTOR IN CHARGE
DOWNSTREAM
C. S. Seshadri

DOWNSTREAM
Chief Operation:
Herbun Darlin

KUALA TANJUNG
PLANT
Soeseno Soeparm an

DIRECTOR IN CHARGE
COMMERCE
Adhika Andrayudha Bakrie

COMMERCE
Chief Operation:
TBD

COMMERCE
UPSTREAM
Windy Juliani Ulfah

DIRECTOR IN CHARGE
BUSDEV & SIP
M. Iqbal Zainuddin

BUSDEV & SIP
Chief Operation
R. Atok Hendrayanto

BUSINESS DEVELOPMENT
Kiki Syahruna

DIRECTOR IN CHARGE
CORPORATE STRATEGY &
INVESTOR RELATIONS
Andi W. Setianto

STRATEGY & CORPORATE
PERFORMANCE
Sonny Djohan Wirabuana

DIRECTOR IN CHARGE
FINANCE
B. Chandrasekaran

CORPORATE FINANCE
Widjojo Prawirohardjo

DIRECTOR IN CHARGE
HUMAN RESOURCES
Rudi Sarwono

HR DEVELOPMENT
Kristanto Lusiadi

STRUKTUR ORGANISASI
Organizational Structure

AREA SUMUT 2
Dedy Pranoto

AREA BENGKULU 1
Bangar Siagian

AREA BENGKULU 2
Edison Sem biring

AREA JAMBI 1
Zulsony Idial

AREA JAMBI 2
Toga Sim am ora

AREA KALSEL
Udijanto Eko Santosa

TANJUNG MORAWA
PLANT
Ahm ad Sahnan Matondang

DOWNSTREAM
DEVELOPMENT
Tutik Herlina Mahendratto

FINANCE & REPORTING
DOWNSTREAM
Raharyanto Susilo

PROJECT & ENGINEERING
Soeseno Soeparm an*

SEED GARDEN
Taufiq Tarigan

JV ASD
R. Atok Hendrayanto

STRATEGIC INVESTMENT
PORTFOLIO
Gatot S.Harsono

KALTENG IGI
Bam bang S. Laksanawan

AREA LAMPUNG
Dwi Hartono

PROCUREMENT
Bam bang S. Laksanawan

AGRONOMY
INSPECTORATE RUBBER
M. Idris

FINANCE & REPORTING
BUSDEV & SIP
Wawan Sulistyawan

INVESTOR RELATION
TBD

FINANCIAL ACCOUNTING
& REPORTING
Lam bas Sitom pul

MANAGEMENT
ACCOUNTING & CONTROL
Kurniawan

HR OPERATIONS
Kristanto Lusiadi

CORPORATE SOCIAL
RESPONSIBILITIES
Suwand i

* Kom isaris Independen | Independent Com m issioner
** Direktur Independen | Independent Director

2015 Annual Report

• BSP

17

AREA OPERASI
Area of Operations

DOWNSTREAM

UPSTREAM

UPSTREAM 1

UPSTREAM 2

Sumbar | West Sumatra

Lokasi | Location :
• BPP
• CCI
Luas Lahan | Field Area :
• Sawit | Palm
• Plasm a Sawit | Palm Plasm a

BPP, CCI

Pasam an
Pesisir Selatan
10.773Ha
6.304Ha

Sumut 2 | North Sumatra 2

Lokasi | Location :
Luas Lahan | Field Area :
• Sawit | Palm

GLP

Labuhan Batu
7.728Ha

Bengkulu 1

AM

Lokasi | Location :
• AM
Luas Lahan | Field Area :
• Karet | Rubber

Ketahun
2.610Ha

Bengkulu 2

JOP

Lokasi | Location :
• JOP
Luas Lahan | Field Area :
• Karet | Rubber

Bengkulu Utara

Sumut 1 | North Sumatra 1

Lokasi | Location :
Luas Lahan | Field Area :
• Sawit | Palm
• Karet | Rubber
Jambi 1

BSP

Asahan
9.897Ha
10.858Ha
AGW/AM M

Lokasi | Location :
• AGW/AMM
Tanjung Jabung Barat
Luas Lahan | Field Area :
• Sawit | Palm
4.418Ha
• Plasm a Sawit | Palm Plasm a
7.701Ha
Jambi 2

Lokasi | Location :
• SNP
Luas Lahan | Field Area :
• Sawit | Palm
Kalsel | South Kalimantan

Lokasi | Location :
Luas Lahan | Field Area :
• Sawit | Palm

SNP

Muaro Jam bi
7.039Ha
M IB

Banjar Baru
6.054Ha

2.298Ha
EM AL, JAW *

Lampung

HIM

Lokasi | Location :
Luas Lahan | Field Area :
• Karet | Rubber

Tulang Bawang

Luas Lahan | Field Area :
• Sawit | Palm

9.457Ha

3.529Ha
* diklasifikasikan sebagai aset yang tersedia untuk dijual
classified as assets held for sale

18

Laporan Tahunan 2015

• BSP

Tanjung M oraw a: Fatty Acid Plant

FSC

Lokasi | Location :
Tanjung Morawa
Luas Area | Area :
7Ha
Manufacturing and Facilities :

Kuala Tanjung: Oleochemical Complex

Lokasi | Location :
Kuala Tanjung
Luas Area | Area :
113,4Ha
Manufacturing and Facilities :

STRUKTUR USAHA
Business Structure

BSP

PT Bakrie Sumatera Plantations Tbk

96,55% 100,00% 99,76% 99,93% 85,00% 99,99% 99,99% 100,00% 50,00% 70,00% 100,00%

HIM

99,99%

AM

BSPF

BPP

AGW

AM M

SNP

GLP

BSPL

ASD

99,99% 99,95% 99,99% 100,00% 13,15%

JOP

M IB

CCI

Fordway

BSEP

BRBE

BSPN

99,99%

100,00%

NAM

AIRPL

100,00% 99,88% 99,99% 99,94% 99,99% 100,00%

Bookwise

DAIP

FSC

SIP

DSIP

DAP
100,00%

AI
99,60%
85,00%

62,50% 95,31%
0,40%

SM AP
IKP

MML

75,00%

MMR

25,00%
37,50%

ARBV

4,69%

100,00%

100,00%

Solegna

GFII

99,99% 99,99% 99,99% 95,00%

99,99% 99,99%

MMM

EM AL

PBJ

TSP

PP

2015 Annual Report

• BSP

19

JAW

Entitas anak
Sub sid iaries

Lokasi
Dom icile

Kegiatan Usaha Utama
Principal Activities

Tahun Operasi
Kom ersial
Year of
Com m ercial
Op eration

Persentase Kepem ilikan
Percentage of Ownership
2015
2014
(%)
(%)

Kepemilikan saham secara langsung | Direct Ow nership
Agri International Resources Pte. Ltd.
(AIRPL)

Singapura
Singapore

Perusahaan investasi
Investment company

2007

100,00

100,00

Agri Resources B.V. (ARBV)

Belanda
Netherlands

Perusahaan investasi
Investment company

2007

25,00

25,00

BSP Finance B.V. (BSPF)

Belanda
Netherlands

Jasa keuangan
Financial services

2006

100,00

100,00

PT Agro M itra M adani (AM M )

Jambi

Pengolahan minyak kelapa saw it
Oil palm processing

2004

85,00

85,00

PT Agrow iyana (AGW)

Jambi

Perkebunan kelapa saw it
Oil palm plantations

1998

99,93

99,93

PT Bakrie Pasaman Plantations (BPP)

Sumatera Barat
West Sumatra

Perkebunan kelapa saw it
dan pengolahan minyak kelapa saw it
Oil palm plantations and
processing

1998

99,76

99,76

PT Bakrie Rekin Bio Energy (BRBE)

Batam

Produksi Bio-diesel
Bio-diesel production

-

70,00

70,00

PT Grahadura Leidongprima (GLP)

Sumatera Utara
North Sumatra

Perkebunan dan pengolahan
kelapa saw it
Oil palm plantations and processing

2000

99,99

99,99

PT Huma Indah M ekar (HIM )

Lampung

Perkebunan dan pengolahan karet
Rubber plantations and processing

1992

96,55

96,55

PT Nibung Arthamulia (NAM )

Palembang

Pengolahan dan perdagangan hasil
perkebunan karet
Processing and trading of rubber
plantations crop

2002

99,99

99,99

PT Sumbertama Nusapertiw i (SNP)

Jambi

Perkebunan dan pengolahan
kelapa saw it
Oil palm plantations and processing

2005

99,99

99,99

BSP Netherlands Finance B.V. (BSPN)

Belanda
Netherlands

Perusahaan investasi
Investment company

2010

100,00

100,00

BSP Liberia B.V. (BSPL)

Belanda
Netherlands

Perusahaan investasi
Investment company

-

100,00

100,00

2011

50,00

50,00

PT ASD-Bakrie Oil Palm Seed Indonesia Sumatera Utara
North Sumatra

Produksi, pemrosesan, distribusi
dan penjualan benih
Production, processing, distribution
and sale of seeds

Kepemilikan saham secara tidak langsung | Indirect Ow nership
M elalui Agri International Resources Pte. Ltd. | through Agri International Resources Pte. Ltd.
Agri Resources B.V. (ARBV)

Belanda
Netherlands

Perusahaan investasi
Investment company

2007

75,00

75,00

Agri International Finance B.V. (AI)

Belanda
Netherlands

Jasa keuangan
Financial services

2007

100,00

100,00

2009

100,00

100,00

-

99,99

99,99

2008

99,99

99,99

M elalui PT Nibung Arthamulia | through PT Nibung Arthamulia
Bookwise Investment Ltd. (Bookwise)

Kep. Virgin Britania Raya
British Virgin Islands

Jasa keuangan
Financial services

PT Domas Saw itinti Perdana (DSIP)

Sumatera Utara
North Sumatra

Pengolahan minyak inti saw it
Palm kernel oil processing

PT Flora Saw ita Chemindo (FSC)

Sumatera Utara
North Sumatra

Pengolahan fatty acid
Fatty Acid manufacturing

PT Sarana Industama Perkasa (SIP)

Sumatera Utara
North Sumatra

Pengelolaan kaw asan industri
Industrial estate management

-

99,94

99,94

PT Domas Agrointi Perkasa (DAIP)

Sumatera Utara
North Sumatra

Pengolahan olein
Olein processing

-

99,88

99,88

PT Domas Agrointi Prima (DAP)

Sumatera Utara
North Sumatra

Produksi fatty alcohol
Fatty alcohol processing

2011

100,00

100,00

20

Laporan Tahunan 2015

• BSP

Entitas Anak
Sub sid iaries

Lokasi
Dom icile

Kegiatan Usaha Utama
Principal Activities

Tahun Operasi
Kom ersial
Year of
Com m ercial
Operation

Persentase Kepem ilikan
Percentage of Ownership
2015
2014
(%)
(%)

Kepemilikan saham secara tidak langsung | Indirect Ow nership
M elalui PT Domas Agrointi Prima | through PT Domas Agrointi Prima
PT Saw itmas Agro Perkasa (SM AP)

Sumatera Utara
North Sumatra

Industri oleokimia
Processing industry oleochemical

-

99,60

99,60

M elalui PT Grahadura Leidongprima | through PT Grahadura Leidongprima
Fordways Management Ltd. (Fordway)

Kep. Virgin Britania Raya
British Virgin Islands

Jasa keuangan
Financial services

2009

100,00

100,00

PT Citalaras Cipta Indonesia (CCI)

Sumatera Barat
West Sumatra

Perkebunan kelapa saw it
Oil palm plantations

2010

99,99

99,99

PT M onrad Intan Barakat (M IB)

Kalimantan Selatan
South Kalimantan

Perkebunan kelapa saw it
Oil palm plantations

-

99,95

99,95

PT Julang Oca Permana (JOP)

Bengkulu

Perkebunan karet
Rubber plantations

2004

99,99

99,99

-

85,00

85,00

M elalui PT Julang Oca Permana | through PT Julang Oca Permana
PT Inti Kemitraan Perdana (IKP)

Bengkulu

Perkebunan karet
Rubber plantations

M elalui Agri Resources B.V. | through Agri Resources B.V.
Great Four International
Investments Co. Ltd. (GFII)

M auritius

Perusahaan investasi
Investment company

2000

100,00

100,00

Solegna B.V. (Solegna)

Belanda
The Netherlands

Perusahaan investasi
Investment company

2006

100,00

100,00

M elalui Great Four International Investment Co. Ltd. | through Great Four International Investment Co. Ltd.
PT Eramitra Agrolestari (EM AL)

Jambi

Perkebunan kelapa saw it
Oil palm plantations

1997

99,99

99,99

PT Jambi Agrow ijaya (JAW)

Jambi

Perkebunan kelapa saw it
Oil palm plantations

1999

99,99

99,99

M elalui Solegna B.V. | through Solegna B.V.
PT M ultrada M ulti M aju (M M M )

Sumatera Selatan
South Sumatra

Perkebunan kelapa saw it
Oil palm plantations

1997

99,99

99,99

PT Padang Bolak Jaya (PBJ)

Sumatera Selatan
South Sumatra

Perkebunan kelapa saw it
Oil palm plantations

1998

99,99

99,99

PT Perjapin Prima (PP)

Sumatera Selatan
South Sumatra

Perkebunan kelapa saw it
Oil palm plantations

1997

95,00

95,00

PT Trimitra Sumberperkasa (TSP)

Sumatera Selatan
South Sumatra

Perkebunan kelapa saw it
Oil palm plantations

2000

99,99

99,99

Perkebunan dan pengolahan karet
Rubber plantations and processing

1998

99,99

99,99

M elalui PT Huma Indah M ekar | through PT Huma Indah M ekar
PT Air M uring (AM )

Bengkulu

Notes:
(-) Belum beroperasi | Non-operating

2015 Annual Report

• BSP

21

SAMBUTAN DEWAN KOMISARIS
Message from the BOC

Soedjai Kartasasmita
Kom isaris Utam a & Kom isaris Independen
President Com m issioner & Independent Com m issioner

22

Laporan Tahunan 2015

• BSP

Kita patut bersyukur dengan adanya dukungan
tenaga kerja yang berdedikasi serta sumber daya
manusia yang kompeten dan inovatif guna
mendapatkan solusi atas berbagai hambatan yang
dihadapi di bidang finansial serta di lapangan
Th a n ks t o t h e h ig h ly d e d ica t e d w o rkfo rce su p p o rt e d b y
com petent and innovative personnel, solutions could be found
for problem s arising in the financial sector and in the fields as
well

Pem egang Saham Yang Terhorm at

Dear Shareholders,

Ba g i in d u st ri p erkeb u n a n , t a h u n 2 0 1 5 m eru p a ka n
tahun yang d ilip uti b erb ag ai tantang an b esar yang
belum pernah dialam i sebelum nya sepanjang sejarah
industri ini. Merupakan kondisi yang serba sulit, nam un
kita patut bersyukur dengan adanya dukungan tenaga
kerja yang berdedikasi serta sum ber daya m anusia yang
kom peten dan inovatif guna m endapatkan solusi atas
berbagai ham batan yang dihadapi di bidang finansial
serta di lapangan.

The year 2015 was for the plantation industry a year
full of m ajor challenges never experienced before in
the industry’s history. It was a really difficult situation,
but thanks to the highly dedicated workforce supported
by com petent and innovative personnel, solutions could
be found for problem s arising in the financial sector
and in the fields as well.

Terdapat em pat hal yang m enjadi tantangan utam a di
t a h u n 2 0 1 5 . Pert a m a , m ela m b a t n ya p ert u m b u h a n
ekonom i dunia; kedua, kem arau yang lebih panjang
yang d iseb ab kan oleh efek El Nino yang leb ih b erat
dibandingkan di m asa lam pau; ketiga, jatuhnya nilai
Rupiah; serta keem pat, tren penurunan harga m inyak
bum i. Pada kenyataannya, keem pat tantangan besar
yang terjadi dalam satu m asa seperti di tahun 2015
tersebut belum pernah dialam i dalam era m anapun
dalam sejarah industri perkebunan.

There were four m ajor challenges in 2015. First, the
slowing down of the world’s econom y; second, a longer
drought caused by El Nino m ore severe this tim e than
in the past; third, the decrease of the value of Rupiah;
and fourth, the downward trend of the price of crude
o il. As a m a t t e r o f fa ct , t h e fo u r b ig ch a lle n g e s
appearing in the sam e year like in 2015 have never been
experienced before in the plantation industry’s history.

2015 Annual Report

• BSP

23

Perlam batan pertum buhan ekonom i dunia, terutam a
yang dialam i China dan India, dua negara pengim por
t e rb e sa r h a sil p e rke b u n a n , t e la h m e n ye b a b ka n
p e n u ru n a n p e rm in t a a n ya n g cu ku p d ra st is ya n g
m engakibatkan penum pukan persediaan produk sawit,
yang pada akhirnya berdam pak pada penurunan harga
CPO sam pai pada titik terendah dalam 5 tahun terakhir
ini, yaitu m encapai USD 503,16 per m etrik ton pada
Novem ber 2015.

The slowing down of the world’s econom ic growth,
particularly in China and India, two largest im porting
co u n t rie s fo r p la n t a t io n p ro d u ct s, h a ve le d t o a
drastically decreasing dem and which resulted in over
supply of palm products, which eventually caused the
decrease of CPO prices down to the lowest level in the
la st five yea rs, i.e. USD 5 0 3 .1 6 p er m et ric t o n b y
Novem ber 2015.

Iklim kem arau panjang yang terjadi sepanjang tahun
akibat El Nino, m erupakan ham batan lain bagi produksi
in d u st ri p e rke b u n a n p a d a t a h u n 2 0 1 5 , se rt a
berdam pak pada rendahnya produksi kuartal pertam a
tahun 2016.

The extrem ely dry clim ate throughout the year caused
by El Nino was another m ajor production constraint
for the plantation industry in 2015, and further led to
the decrease in production levels in the first quarter of
2016.

Sem entara dari sisi kondisi perekonom ian dalam negeri
Indonesia, jatuhnya nilai tukar Rupiah atas m ata uang
Do la r Am e rika se la in m e m icu p e n in g ka t a n b ia ya
produksi, juga m em berikan dam pak yang besar bagi
beban keuangan Perusahaan Anda.

In term s of Indonesia’s dom estic econom ic condition,
the decline of Rupiah to US Dollar exchange rate did
not only triggered the rise of production costs, but also
fostered great financial burdens for Your Com pany.

Penurunan tajam harg a m inyak b um i d unia sam p ai
pada titik yang lebih rendah dari USD 50 per barrel,
t u ru t m em b erika n ko n t rib u si ya n g sig n ifika n p a d a
penurunan harga m inyak sawit, terkait adanya korelasi
positif di antara harga kedua kom oditi tersebut.

The sharp decrease of world oil prices down to the level
lo w e r t h a n USD 5 0 p e r b a rre l h a d sig n ifica n t ly
contributed to the decrease of CPO prices, pertaini