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PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK / AND SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN
30 SEPTEMBER 2012 DAN 31 DESEMBER 2011
DAN PERIODE YANG BERAKHIR PADA TANGGAL 30 SEPTEMBER 2012 DAN 2011
CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2012 AND DECEMBER 31, 2011
AND THE PERIOD ENDED SEPTEMBER 30, 2012 AND 2011
(MATA UANG INDONESIA)
(INDONESIAN CURRENCY)

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES

LAPORAN KEUANGAN
KONSOLIDASIAN
30 SEPTEMBER 2012 DAN 31 DESEMBER 2011
DAN

PERIODE YANG BERAKHIR PADA TANGGAL
30 SEPTEMBER 2012 DAN 2011

CONSOLIDATED
FINANCIAL STATEMENTS
SEPTEMBER 30, 2012 AND DECEMBER 31, 2011
AND
THE PERIOD ENDED
SEPTEMBER 30, 2012 AND 2011

DAFTAR ISI

TABLE OF CONTENTS
Halaman/
Page
Directors’ Statement Letter

Surat Pernyataan Direksi
1-2


Laporan Posisi Keuangan Konsolidasian
Laporan Laba Rugi Komprehensif
Konsolidasian

Consolidated Statement of Financial Position
Consolidated Statement of Comprehensive
Income

3
4-5

Laporan Perubahan Ekuitas Konsolidasian

Consolidated Statement of Changes in Equity

6

Laporan Arus Kas Konsolidasian
Catatan Atas Laporan Keuangan Konsolidasian


7 - 129

**************************

Consolidated Statement of Cash Flows
Notes to Consolidated Financial Statements

The original consolidated financial statements included herein are in the
Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN
30 September 2012 dan 31 Desember 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes

PT BAKRIELAND DEVELOPMENT Tbk.

AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
September 30, 2012 and December 31, 2011
(Expressed in Rupiah, unless otherwise stated)

30 September 2012/
September 30, 2012

31 Desember 2011/
December 31, 2011

ASET
Aset Lancar
Kas dan setara kas
Investasi jangka pendek
Piutang usaha
Pihak ketiga - setelah dikurangi
cadangan kerugian penurunan nilai
sebesar Rp 57.413.489.729 pada

30 September 2012 dan
31 Desember 2011
Pihak berelasi - setelah dikurangi
cadangan kerugian penurunan nilai
sebesar Rp 1.872.500.645
pada 30 September 2012 dan
31 Desember 2011
Piutang lain-lain
Pihak ketiga - setelah dikurangi
cadangan kerugian penurunan nilai
sebesar Rp 44.001.669 pada
30 September 2012 dan
31 Desember 2011
Pihak berelasi - setelah dikurangi
cadangan kerugian penurunan nilai
sebesar Rp 2.866.983.437 pada
30 September 2012 dan
31 Desember 2011
Persediaan
Pajak dibayar di muka

Uang muka dan biaya dibayar di muka

ASSETS

704.106.754
1.816.318.578.119
4.168.616.145
1.207.537.947.709

4.161.649.400.953

5.628.083.620.180

Total Current Assets

293.266.525.458

239.288.930.699

51.375.294.834

219.573.610.432
5.741.164.307.952

44.193.251.030
298.799.973.340
4.846.394.733.066

549.966.502.946

472.566.282.510

187.770.817.777
6.083.008.478

597.128.042.339
6.685.468.837

2i,7,50

1.091.848.676.823


991.930.558.167

2f,2i,7,
40,50

134.631.026.348

174.446.478.872

2i,8,50

499.145.191.761

2f,2i,8,40,50
2j,9
2t,24a
2g,10

Jumlah Aset Lancar


Aset Tidak Lancar
Dana dalam pembatasan
Piutang pihak berelasi - setelah
dikurangi cadangan kerugian penurunan
nilai sebesar Rp 411.758.406
pada 30 September 2012
dan 31 Desember 2011
Penyertaan saham
Tanah untuk pengembangan
Properti investasi - setelah dikurangi akumulasi
penyusutan masing-masing sebesar
Rp 29.259.522.286 pada
30 September 2012 dan
Rp 20.079.673.066
pada 31 Desember 2011
Aset tetap - setelah dikurangi akumulasi
penyusutan masing-masing sebesar
Rp 895.049.457.113
pada 30 September 2012

dan Rp 764.898.538.343
pada 31 Desember 2011
Aset pajak tangguhan - bersih
Goodwill
Aset lain-lain

120.309.277
1.845.964.154.443
12.165.580.682
383.920.635.364

Current Assets
Cash and cash equivalents
Short-term investment
Trade receivables
Third parties - net of allowance
for impairment losses of
Rp 57,413,489,729 as of
September 30, 2012 and
December 31, 2011

Related parties - net of allowance
for impairment losses of
Rp 1,872,500,645
as of September 30, 2012 and
December 31, 2011
Other receivables
Third parties - net of allowance
for impairment losses of
Rp 44,001,669
as of September 30, 2012
and December 31, 2011
Related parties - net of allowance
for impairment losses of
Rp 2,866,983,437
as of September 30, 2012
December 31, 2011
Inventories
Prepaid taxes
Advances and prepaid expenses

2d,2i,5,50
2i,6,50

2d,2i,11,50

2f,2i,40,50
2i, 2m,12,50
2l,13

2n,14

829.163.823.238

Non-current Assets
Restricted funds
Due from related parties - net of
allowance for impairment losses of
Rp 411,758,406
as of September 30, 2012
and December 31, 2011
Investment in shares of stock
Land bank
Investment properties - net
of accumulated depreciation of
Rp 29,259,522,286 as of
September 30, 2012 and
Rp 20,079,673,066
as of December 31, 2011

6.254.993.864.429
130.217.841.668
33.598.690.327
356.581.630.782

5.601.213.500.324
133.162.185.360
33.598.690.327
410.648.431.581

Fixed assets - net of accumulated
depreciation of Rp 895,049,457,113
as of September 30, 2012
and Rp 764,898,538,343
as of December 31, 2011
Deferred tax assets - net
Goodwill
Other assets

Jumlah Aset Tidak Lancar

13.630.738.268.828

12.079.865.978.237

Total Non-current Assets

JUMLAH ASET

17.792.387.669.781

17.707.949.598.417

2o,2p,2q,15
2t,24f
2c,16
2i,17,50

TOTAL ASSETS

The accompanying notes form an integral part of these
consolidated financial statements.

Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
1

The original consolidated financial statements included herein are in the
Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
LAPORAN POSISI KEUANGAN
KONSOLIDASIAN (lanjutan)
30 September 2012 and 31 December 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF
FINANCIAL POSITION (continued)
September 30, 2012 and December 31, 2011
(Expressed in Rupiah, unless otherwise stated)

30 September 2012/
September 30, 2012

31 Desember 2011/
December 31, 2011

LIABILITAS DAN EKUITAS
LIABILITAS
Liabilitas Jangka Pendek
Utang bank jangka pendek
Utang usaha - pihak ketiga
Utang lain-lain - pihak ketiga
Biaya masih harus dibayar
Uang muka pelanggan
Pendapatan ditangguhkan
Utang pajak
Liabilitas jangka panjang yang jatuh tempo
dalam satu tahun
Utang bank dan lembaga keuangan
Utang usaha
Utang sewa pembiayaan
Utang obligasi

LIABILITIES AND EQUITY

2i,18,50
2i,19,50
2i,20,50
2i,2v,21,38,50
2i,2s,22,40,50
2s,23,40
2t,24b

377.219.380.456
552.283.222.591
17.703.263.920
272.547.728.354
426.025.492.810
203.379.822.772
280.257.295.994

274.828.000.000
491.661.801.974
312.251.167.099
287.981.402.476
179.112.638.798
152.168.021.100
299.345.702.741

2i,25,50
2i,26,50
2i,2q,28,50
2i,2y,27,50

974.389.901.879
6.550.203.599
867.412.363
276.662.988.093

2.273.747.077.197
12.779.702.925
1.557.924.770
-

LIABILITIES
Current Liabilities
Short-term bank loans
Trade payables - third parties
Other payables - third parties
Accrued expenses
Advances from customers
Deferred income
Taxes payable
Current maturities
of long-term debts
Bank and financial institution loans
Trade payables
Obligation under capital lease
Bonds payable

3.387.886.712.831

4.285.433.439.080

Total Current Liabilities

300.390.301.539
1.242.879.140.996
669.117.279
36.790.194.498

145.303.077.735
1.487.952.737.753
669.117.279
56.691.050.360

Non-current Liabilities
Due to related parties
Bonds payable
Dividends payable
Derivative liabilities

Jumlah Liabilitas Jangka Pendek
Liabilitas Jangka Panjang
Utang pihak berelasi
Utang obligasi
Utang dividen
Liabilitas derivatif
Liabilitas jangka panjang - setelah
dikurangi bagian jatuh tempo dalam
satu tahun
Utang bank dan lembaga keuangan
Utang usaha
Utang sewa pembiayaan
Cadangan atas penggantian perabotan
dan peralatan
Liabilitas pajak tangguhan - bersih

2f ,2i,40,50
2i,2y,27,50
2e,29
2i,42,50

2.406.871.980.801
16.209.239.175
4.712.214.850

790.817.069.509
16.212.713.318
3.871.249.390

4.222.065.226
16.531.692.067

2.396.013.612
16.531.692.067

Long-term debts - net of current
maturities of long- term debts
Bank and financial institution loans
Trade payables
Obligation under capital lease
Reserve for replacement of furniture
and equipment
Deferred tax liabilities - net

Jumlah Liabilitas Jangka Panjang

4.029.275.946.431

2.520.444.721.023

Total Non-current Liabilities

JUMLAH LIABILITAS

7.417.162.659.262

EKUITAS
Ekuitas yang dapat diatribusikan kepada
entitas induk
Modal saham - nilai nominal saham seri A
Rp 500 per saham dan saham seri B
Rp 100 per saham
Modal dasar - terdiri dari 1.400.000.000
saham seri A dan 93.000.000.000
saham seri B
Ditempatkan dan disetor penuh 1.400.000.000 saham seri A
dan 42.121.913.019 saham
seri B pada 30 September 2012 dan
1.400.000.000 saham seri A
dan 38.519.772.265 saham
seri B pada 31 Desember 2011
Tambahan modal disetor - bersih
Saham yang diperoleh kembali sebanyak
120.750.000 saham pada
30 September 2012
dan 31 Desember 2011
Saldo laba
Ditentukan penggunaannya
Belum ditentukan penggunaannya
Komponen ekuitas lainnya
Ekuitas yang dapat diatribusikan kepada
entitas induk
Kepentingan non-pengendali

2i,25,50
2i,26,50
2i,2q,28,50
2w,2x
2t,24f

29
2r,31

4.912.191.301.900
2.926.273.855.564

2dd,32

(27.835.501.000 )
40.435.548.418
815.871.017.055
(63.463.731.741 )

6.805.878.160.103

TOTAL LIABILITIES

EQUITY
Equity attributable to
parent entity
Capital stock - par value A series of
Rp 500 per share and B series
of Rp 100 per share
Authorized capital - 1,400,000,000 shares
for A series and 93,000,000,000
shares for B series
Issued and fully paid - A series
of 1,400,000,000 shares and
B series of 42,121,913,019
shares as of September 30, 2012 and
A series of 1,400,000,000 shares
and B series of 38,519,772,265
4.551.977.226.500
shares as of December 31, 2012
2.692.134.706.554
Additional paid-in capital - net
Treasury stock of
120,750,000 shares
as of September 30, 2012
(27.835.501.000 )
and December 31, 2011
Retained earnings
40.435.548.418
Appropriated
948.883.270.402
Unappropriated
141.271.634.363
Others equity

8.603.472.490.196
1.771.752.520.323

8.346.866.885.237
2.555.204.553.077

Equity attributable to parent entity
Non-controlling interest

JUMLAH EKUITAS

10.375.225.010.519

10.902.071.438.314

TOTAL EQUITY

JUMLAH LIABILITAS DAN EKUITAS

17.792.387.669.781

17.707.949.598.417

TOTAL LIABILITIES AND EQUITY

2b, 44a

The accompanying notes form an integral part of these
consolidated financial statements.

Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
2

The original consolidated financial statements included herein are in the
Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
LAPORAN LABA RUGI KOMPREHENSIF
KONSOLIDASIAN
Periode Yang Berakhir Pada Tanggal
30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
The Period Ended
September 30, 2012 and 2011
(Expressed in Rupiah, unless otherwise stated)

Catatan/
Notes

30 September 2012/
September 30, 2012

PENGHASILAN USAHA BERSIH

2s,33,40

1.319.322.821.267

1.449.749.522.108

NET REVENUES

BEBAN POKOK PENGHASILAN

2o,2s,34

712.804.803.357

853.128.148.327

COST OF REVENUES

606.518.017.910

596.621.373.781

GROSS PROFIT

(81.012.779.351 )
(416.683.672.511 )

(68.488.618.786 )
(325.672.003.846 )

(241.379.430.028 )
(39.756.114.968 )

(69.070.057.072 )
10.883.615.753

LABA KOTOR
Beban penjualan
Beban umum dan administrasi
Beban bunga dan keuangan bersih
Laba (rugi) selisih kurs - bersih
Laba (rugi) penjualan/penghapusan
aset tetap
Bagian atas laba (rugi) bersih Entitas
Asosiasi – bersih
Lain-lain - bersih

2o,2s,2v,35
15,35,38
18,25,36,
43f,43h,43i
2h
2o,15

2.531.227.704

2m,12
37

(12.156.392.477 )
13.938.360.533

1.694.496.789
50.459.127.228

(168.000.783.188 )

196.457.293.900

LABA (RUGI) SEBELUM TAKSIRAN
MANFAAT (BEBAN) PAJAK
TAKSIRAN (BEBAN) PAJAK
Final
Tahun berjalan
Tangguhan

30 September 2011/
September 30, 2011

29.360.053

2t,24c,24e

Jumlah taksiran manfaat (beban)
pajak - bersih
LABA (RUGI) TAHUN BERJALAN

Selling expenses
General and administrative expenses
Interest expense and financial
charges - net
Gain on foreign exchange - net
Gain (loss) on sales/disposal of
fixed asset
Equity in net earnings of
Associated Companies - net
Others - net
INCOME (LOSS) BEFORE PROVISION
FOR TAX BENEFIT (EXPENSES)

(29.460.541.884 )
(17.837.204.090 )
(2.944.343.690 )

(48.664.763.946 )
45.792.829.080

PROVISION FOR TAX EXPENSES
Final
Current
Deferred

(50.242.089.664 )

(2.871.934.866 )

Total provision for tax benefit
(expenses) - net

(218.242.872.852 )

193.585.359.034

INCOME (LOSS) CURRENT YEAR

BEBAN KOMPREHENSIF LAIN
Selisih kurs karena penjabaran laporan
keuangan
Rugi yang belum terealisasi atas investasi
efek yang tersedia untuk dijual

(39.596.256.737 )

(3.546.503.390 )

(165.139.109.367 )

(110.030.374.068 )

Jumlah beban komprehensif lain
tahun berjalan setelah pajak

(204.735.366.104 )

(113.576.877.458 )

JUMLAH LABA (RUGI) KOMPREHENSIF
TAHUN BERJALAN

(422.978.238.956 )

80.008.481.576

TOTAL COMPREHENSIVE INCOME
(LOSS) CURRENT YEAR

(133.012.253.347 )
(85.230.619.505 )

129.238.844.416
64.346.514.618

TOTAL INCOME (LOSS)
ATTRIBUTABLE TO:
Owners of the parent entity
Non-controlling interest

(218.242.872.852 )

193.585.359.034

JUMLAH LABA (RUGI) YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan non-pengendali

JUMLAH LABA (RUGI) KOMPREHENSIF
YANG DAPAT DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan non-pengendali

LABA (RUGI) PER SAHAM DASAR YANG
DAPAT DIATRIBUSIKAN KEPADA
PEMILIK ENTITAS INDUK
LABA (RUGI) PER SAHAM DILUSIAN YANG
DAPAT DIATRIBUSIKAN KEPADA
PEMILIK ENTITAS INDUK

2b,44b

2c,44b

(337.723.668.293 )
(85.254.570.663 )

15.661.966.958
64.346.514.618

(422.978.238.956 )

80.008.481.576

2bb,47

(3,06 )

2bb,47

(3,06 )

OTHER COMPREHENSIVE EXPENSES
Exchange differences due to
financial statements translation
Unrealized loss on investment
under available-for-sale
Total other comprehensive expenses
current year after provision tax

INCOME (LOSS) ATRIBUTABLE
TO:
Owners of the parent entity
Non-controlling interest

3,24

BASIC EARNINGS PER SHARE
ATTRIBUTABLE TO OWNERS
OF THE PARENT ENTITY

3,24

DILUTIVE EARNINGS PER SHARE
ATTRIBUTABLE TO OWNERS
OF THE PARENT ENTITY

The accompanying notes form an integral part of these
consolidated financial statements.

Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.
3

The original consolidated financial statements included herein are in the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk. DAN ENTITAS ANAK

PT BAKRIELAND DEVELOPMENT Tbk. AND SUBSIDIARIES

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
Periode Yang Berakhir Pada Tanggal 30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
The Period Ended September 30, 2012 and 2011
(Expressed in Rupiah, unless otherwise stated)

Ekuitas Yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/Equity Attributable To Owners Of The Parent Entity

Saldo awal, 1 Januari 2011
Penghentian pengakuan
goodwill negatif sesuai
dengan ketentuan transisi
PSAK No.22 (Revisi 2009)
(lihat Catatan 2c dan 16)

Modal Saham
Ditempatkan
dan Disetor
Penuh/
Capital Stock
Issued and
Fully Paid

Tambahan
Modal DisetorBersih/
Additional Paid-In
Capital-Net

4.551.977.139.000

2.692.134.649.679

Selisih
Nilai Transaksi
Restrukturisasi
Entitas
Sepengendali/
Difference
In Value
of Restructuring
Transaction
of Entities Under
Common Control

Rugi yang belum
Terealisasi atas
Investasi Efek
yang Tersedia
Untuk Dijual/
Unrealized Loss
on Investment
Under
Available
-for-sale

Saham yang
Diperoleh
Kembali/
Treasury
Stock

(27.835.501.000)

(103.776.667.843)

54.732.012.959

Selisih Kurs
Karena
Penjabaran
Laporan
Keuangan/
Exchange
Difference
Due to Financial
Statement
Translation

(14.882.633.354)

-

-

-

Saldo awal, 1 Januari 2011 setelah
dampak Penerapan PSAK
No. 22 (Revisi 2009)
4.551.977.139.000

2.692.134.649.679

(27.835.501.000)

(103.776.667.843)

54.732.012.959

-

-

-

(110.030.374.068)

-

-

Laba (rugi) komprehensif tahun
berjalan
Pelaksanaan waran (Catatan 30)

-

Selisih
Transaksi
Perubahan
Ekuitas
Perusahaan
Assosiasi/
Difference
In The Equity
Transaction of
Associate
Company

-

35.000

22.750

-

-

-

Penambahan investasi pada
entitas Anak oleh kepentingan
nonpengendali

-

-

-

-

-

Saldo akhir, 30 September 2011

4.551.977.174.000

2.692.134.672.429

(27.835.501.000)

(213.807.041.911)

54.732.012.959

(984.331.528)

266.297.834.038

Belum Ditentukan
Penggunaanya/
Unappropriated

40.435.548.418

563.631.180.053

Jumlah/
Total

Kepentingan
Nonpengendali/
Non-controlling
interest

Jumlah Ekuitas/
Total Equity

8.021.729.230.422

2.459.739.114.639

10.481.468.345.061

Balance, January 1, 2011

-

-

404.407.833.016

404.407.833.016

-

404.407.833.016

(984.331.528)

266.297.834.038

40.435.548.418

968.039.013.069

8.426.137.063.438

2.459.739.114.639

10.885.876.178.077

Balance January 1, 2011
effect of first time adoption of
PSAK No. 22 (Revised 2009)

(3.546.503.390)

-

-

129.238.844.416

15.661.966.958

64.346.514.618

80.008.481.576

Comprehensive income (loss)
for the year

-

-

-

-

57.750

-

57.750

Exercise warran (Note 30)

-

-

-

-

-

(4.530.834.918)

266.297.834.038

40.435.548.418

1.097.277.857.485

8.441.799.088.146

-

-

(14.882.633.354)

Ditentukan
Penggunaannya/
Appropriated

Derecognition of negative goodwill
in accordance with transition
provision of PSAK No. 22
(Revised 2009)
(see Notes 2c and 16)

-

(14.882.633.354)

Saldo Laba/
Retained Earnings

Surplus
Revaluasi Aset
Tetap/
Revaluation
Surplus of
Fixed Assets

(838.033.350)

2.523.247.595.907

(838.033.350)

10.965.046.684.053

Addition investment in
Subsidiaries by Non-controlling
Shareholders

Balance September 30, 2011

The accompanying notes form an integral part of these
consolidated financial statements.

Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.

4

The original consolidated financial statements included herein are in the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk. DAN ENTITAS ANAK

PT BAKRIELAND DEVELOPMENT Tbk. AND SUBSIDIARIES

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan)
Periode Yang Berakhir Pada Tanggal 30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
The Period Ended September 30, 2012 and 2011
(Expressed in Rupiah, unless otherwise stated)

Ekuitas Yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/Equity Attributable To Owners Of The Parent Entity

Saldo awal, 1 Januari 2012

Modal Saham
Ditempatkan
dan Disetor
Penuh/
Capital Stock
Issued and
Fully Paid

Tambahan
Modal DisetorBersih/
Additional Paid-In
Capital-Net

4.551.977.226.500

2.692.134.706.554

Selisih
Nilai Transaksi
Restrukturisasi
Entitas
Sepengendali/
Difference
In Value
of Restructuring
Transaction
of Entities Under
Common Control

Rugi yang belum
Terealisasi atas
Investasi Efek
yang Tersedia
Untuk Dijual/
Unrealized Loss
on Investment
Under
Available
-for-sale

Saham yang
Diperoleh
Kembali/
Treasury
Stock

(27.835.501.000)

(164.261.195.707)

54.732.012.959

Selisih
Transaksi
Perubahan
Ekuitas
Perusahaan
Assosiasi/
Difference
In The Equity
Transaction of
Associate
Company

Selisih Kurs
Karena
Penjabaran
Laporan
Keuangan/
Exchange
Difference
Due to Financial
Statement
Translation

(14.882.633.354)

Saldo Laba/
Retained Earnings

Surplus
Revaluasi Aset
Tetap/
Revaluation
Surplus of
Fixed Assets

(614.383.573)

Belum Ditentukan
Penggunaanya/
Unappropriated

Ditentukan
Penggunaannya/
Appropriated

266.297.834.038

40.435.548.418

948.883.270.402

Jumlah/
Total

Kepentingan
Nonpengendali/
Non-controlling
interest

Jumlah Ekuitas/
Total Equity

8.346.866.885.237

2.555.204.553.077

10.902.071.438.314

Balance, January 1, 2012

-

-

-

-

-

-

-

(337.747.619.451)

23.951.158

(337.723.668.293)

Comprehensive income (loss)
for the year

360.214.075.400

234.139.149.010

-

-

-

-

-

-

-

594.353.224.410

-

594.353.224.410

Exercise warran (Note 30)

Penambahan investasi pada
entitas Anak oleh kepentingan
nonpengendali

-

-

-

-

-

-

-

-

-

-

(783.475.983.912)

Saldo akhir, 30 September 2012

4.912.191.301.900

2.926.273.855.564

(27.835.501.000)

(329.400.305.074)

54.732.012.959

(14.882.633.354)

(40.210.640.310)

266.297.834.038

40.435.548.418

8.603.472.490.196

1.771.752.520.323

Laba (rugi) komprehensif tahun
Berjalan
Pelaksanaan waran (Catatan 30)

(165.139.109.367)

(39.596.256.737)

(133.012.253.347)

815.871.017.055

(783.475.983.912)

10.375.225.010.519

Addition investment in
Subsidiaries by Non-controlling
Shareholders

Balance September 30, 2012

The accompanying notes form an integral part of these
consolidated financial statements.

Catatan atas laporan keuangan konsolidasian terlampir
merupakan bagian yang tidak terpisahkan dari laporan
keuangan konsolidasian secara keseluruhan.

5

The original consolidated financial statements included herein are in
the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF
CASH FLOWS
The Period Ended September 30, 2012 and 2011
(Expressed in Rupiah, unless otherwise stated)

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
LAPORAN ARUS KAS KONSOLIDASIAN
Periode Yang Berakhir
Pada Tanggal 30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)

30 September 2012/
September 30, 2012

30 September 2011/
September 30, 2011

ARUS KAS DARI AKTIVITAS OPERASI
Penerimaan kas dari pelanggan
Pembayaran kas kepada pemasok
Pembayaran kas kepada karyawan
Pembayaran kas untuk beban usaha

1.581.684.927.813
(979.977.794.380 )
(209.475.040.908 )
(290.139.250.084 )

1.583.335.350.358
(1.089.361.749.394 )
(157.810.079.058 )
(225.999.056.193 )

CASH FLOWS FROM OPERATING
Cash received from customers
Cash paid to suppliers
Cash paid to employees
Cash paid for operating expenses

Kas yang digunakan untuk operasi
Penerimaan bunga
Pembayaran beban bunga dan keuangan
Pembayaran pajak

102.092.842.441
3.532.545.894
(187.257.012.371 )
(62.056.643.615 )

110.164.465.713
28.889.655.199
(153.583.780.345 )
(53.802.201.606 )

Cash used in operations
Interest received
Interest and financial expenses payment
Tax payment

Kas Bersih Yang Digunakan Untuk
Aktivitas Operasi

(143.688.267.651 )

(68.331.861.039 )

Net Cash Used For Operating Activities

ARUS KAS DARI AKTIVITAS
INVESTASI
Pembelian dan pematangan tanah
Pembelian aset tetap
Peningkatan penyertaan saham
dan uang muka pembelian saham
Pembayaran utang
Penurunan investasi jangka
pendek
Penurunan (peningkatan)
dana dalam pembatasan
Penerimaan penjualan aset tetap
Peningkatan aset KSO
Kas Bersih Yang Diperoleh Dari
(Digunakan Untuk) Aktivitas Investasi
ARUS KAS DARI AKTIVITAS
PENDANAAN
Peningkatan pinjaman jangka panjang
Peningkatan tambahan modal disetor
- Realisasi waran
Pembayaran obligasi
Peningkatan pinjaman
bank jangka pendek
Peningkatan (penurunan) utang
pihak berelasi
Peningkatan modal disetor
- Realisasi waran
Penurunan utang sewa pembiayaan
Peningkatan piutang pihak berelasi
Penurunan utang usaha jangka panjang
Penerimaan dari pemegang saham
non-pengendali di Entitas Anak
Kas Bersih Yang Diperoleh Dari
Aktivitas Pendanaan
KENAIKAN (PENURUNAN) BERSIH
KAS DAN SETARA KAS
KAS DAN SETARA KAS
AWAL TAHUN
DAMPAK BERSIH PERUBAHAN
NILAI TUKAR ATAS KAS DAN
SETARA KAS
KAS DAN SETARA KAS
AKHIR TAHUN

(329.826.406.755 )
(852.227.416.015 )

(582.918.061.155 )
(157.677.668.126 )

36.543.716.866
(306.723.561.865 )

147.861.006.423
-

602.460.359

645.960.852.347

(53.977.594.759 )
2.729.319.783
(1.688.299.007 )

69.470.761.136
190.759.100
(100.023.424.717 )

(1.504.567.781.393 )

22.864.225.008

289.305.747.963

582.281.340.268

234.139.149.014
(90.000.000.000 )

35.000
(220.000.000.000 )

103.001.580.456

75.663.826.024

155.087.223.804

111.392.559.421

360.214.075.400
150.453.048
(7.182.043.804 )
(6.232.973.468 )

22.750
3.279.818.826
(36.935.828.142 )
(204.011.589.847 )

CASH FLOWS FROM INVESTING
ACTIVITIES
Acquisition of land & land clearing
Acquisition of fixed assets
Increase in investment in shares
of stock and advance for share purchase
Payables payment
Decrease in short-term investments
Decrease (increase)
in restricted funds
Proceeds from sale of fixed assets
Increase in KSO asset
Net Cash Received From
(Used For) Investing Activities
CASH FLOWS FROM FINANCING
ACTIVITIES
Increase in long-term debt
Increased in additional paid-in capital
Exercise warrant Bond payment
Increase in short-term
bank loans

200.000.000.000

-

Increase (decrease) due to related parties
Increase in issued and fully paid capital stock
Exercise warrant Decrease in obligation under capital lease
Increase in due from related parties
Decrease in long-term trade payables
Proceed from non-controlling
shareholders in Subsidiary

1.238.483.212.413

311.670.184.300

Net Cash Received From
Financing Activities

(409.772.836.631 )

266.202.548.269

NET DECREASED IN
CASH AND CASH EQUIVALENTS

597.128.042.339

860.557.957.179

CASH AND CASH EQUIVALENTS
AT BEGINNING OF THE YEAR

415.612.069

1.320.603.551

NET EFFECTS OF CHANGES IN
EXCHANGE RATE ON CASH AND
CASH EQUIVALENTS

187.770.817.777

1.128.081.108.999

CASH AND CASH EQUIVALENTS
AT END OF THE YEAR

6

The original consolidated financial statements included herein are in
the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
September 30, 2012 and December 31, 2011
And
The Period Ended
September 30, 2012 & 2011
(Expressed in Rupiah, unless otherwise stated)

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
30 September 2012 dan 31 Desember 2011
Dan
Periode Yang Berakhir Pada Tanggal
30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
1.

UMUM

1.

a. Pendirian Perusahaan dan informasi umum

GENERAL
a. Establishment and general information

PT Bakrieland Development Tbk. (“Entitas Induk”)
didirikan pada tanggal 12 Juni 1990 dengan Akta
Notaris John Leonard Waworuntu, S.H., No. 209.
Akta pendirian Entitas Induk disahkan oleh Menteri
Kehakiman Republik Indonesia dalam Surat
Keputusan No. C2-1978.HT.01.01.TH.91 tanggal
31 Mei 1991 dan diumumkan dalam Berita
Negara Republik
Indonesia
No. 93
tanggal
19 November 1991. Anggaran dasar Entitas Induk
telah mengalami beberapa kali perubahan, antara
lain, mengenai perubahan nama dari PT Elang
Realty
Tbk.
menjadi
PT
Bakrieland
Development Tbk. yang diaktakan dengan Akta
Notaris Harun Kamil, S.H., No. 29 tanggal
3 April 1997, yang telah disetujui oleh Menteri
Kehakiman Republik Indonesia dalam Surat
Keputusan No. C2-3097.HT.01.04.Th.97 tanggal
25 April 1997, dan perubahan Anggaran Dasar
selanjutnya termuat pada Akta Notaris Sutjipto, S.H.,
M.Kn., No. 216 tanggal 23 Juni 2008 mengenai
penyesuaian Anggaran Dasar Entitas Induk untuk
disesuaikan dengan Undang-Undang No. 40 Tahun
2007 tentang Perseroan Terbatas. Perubahan ini
telah mendapat persetujuan dari Menteri Hukum dan
Hak Asasi Manusia dalam Surat Keputusan No.
AHU-58505-AH.01.02.
Tahun
2008
tanggal
3 September 2008 dan telah diumumkan dalam
Berita Negara Republik Indonesia No. 96 tanggal
28 November
2008 Tambahan No. 25686.
Perubahan Anggaran Dasar selanjutnya termuat
dalam
Akta
Pernyataan
Keputusan
Rapat
Perubahan Anggaran Dasar No. 43 tanggal 9 Juni
2011 yang dibuat di hadapan Notaris Aulia Taufani,
S.H., selaku Notaris pengganti dari Sutjipto, S.H.,
notaris di Jakarta. Perubahan tersebut telah
mendapat persetujuan dari Menteri Hukum dan Hak
Asasi Manusia dalam Surat Keputusan No. AHU45502.AH.01.02. Tahun 2011 tanggal 19 September
2011. Perubahan Anggaran Dasar terakhir termuat
dalam
Akta
Pernyataan
Keputusan
Rapat
Perubahan Anggaran Dasar No. 26 tanggal 7 Juni
2012 yang dibuat di hadapan Notaris Aryanti Artisari,
S.H., M.Kn., notaris di Jakarta. Perubahan tersebut
telah diberitahukan kepada Kementerian Hukum dan
Hak Asasi Manusia sebagaimana Bukti Penerimaan
Pemberitahuan Perubahan Anggaran Dasar No.
AHU-AH.01.10-31686 tanggal 31 Agustus 2012.

PT Bakrieland Development Tbk. (“The Company”)
was established with Notarial Deed No. 209 of
John
Leonard
Waworuntu,
S.H.,
dated
June 12, 1990. The Company’s articles of
incorporation was approved by the Minister of
Justice of the Republic of Indonesia in its Decision
Letter
No.
C2-1978.HT.01.01.TH.91
dated
May 31, 1991 and was published in the State
Gazette No. 93 dated November 19, 1991. The
Company’s articles of
association have been
amended several times, among others,
the
changes of the Company’s name from PT Elang
Realty Tbk. to PT Bakrieland Development Tbk.
which have been notarized by Notarial Deed
No. 29 of Harun Kamil, S.H., dated April 3, 1997.
The change was approved by the Minister of
Justice of the Republic of Indonesia, in its Decision
Letter
No. C2-3097.HT.01.04.Th.97
dated
April 25, 1997 and the last Article of Association
were amended by Notarial Deed No. 216 of
Sutjipto, S.H., M.Kn., dated June 23, 2008 in order
to conform with Corporate Law No. 40 Year 2007.
This amendment was approved by the Ministry of
Justice and Human Rights in its Decision Letter
No. AHU-58505-AH.01.02
Year
2008
dated
September 3, 2008
and was
published
in
Supplement No. 25686 of State Gazette No. 96
dated November 28, 2008. The next amended
Company’s articles of association stated in Deed
of Statement of Meeting of the Company’s
Amendment Article of Association No.43 of Aulia
Taufani, S.H., dated June 9, 2011, as the
replacement of Sutjipto, S.H., notary in Jakarta.
This amendment was approved by the Minister of
Justice of the Republic of Indonesia, in its Decision
Letter No. AHU-45502.AH.01.02 Year 2011 dated
September 19, 2011. The last amended
Company’s articles of association stated in Deed
of Statement of Meeting of the Company’s
Amendment Article of Association No. 26 of Aryanti
Artisari, S.H., M.Kn., Notary in Jakarta, dated June
7, 2012. This amendment has been notified to the
Minister of Justice of the Republic of Indonesia as
stated in Receipt Notification Amendment of the
Company’s Amendment Article of Association No.
AHU-AH.01.10-31686 dated August 31, 2012.

Sesuai dengan pasal 3 Anggaran Dasarnya, Entitas
Induk bergerak dalam bidang pembangunan,
perdagangan dan jasa, termasuk usaha jasa
manajemen dan penyertaan pada Entitas yang
berhubungan dengan usaha real estat dan properti,
serta dalam bidang infrastruktur.

According to Article 3 of the Article of Association,
the scope of the Company’s activities comprises of
development, trading and services, including
management service and investment in real estate
and property, and infrastructure.

Entitas Induk berdomisili di Jakarta, kantor pusat
Entitas Induk berlokasi di Gedung Wisma Bakrie 1
Lantai 6 dan 7, Jalan H.R. Rasuna Said Kav. B1,
Jakarta Selatan. Saat ini Grup memiliki properti yang
terletak di Jakarta, Bogor, Malang, Sukabumi,
Bekasi, Lampung, Batam, Balikpapan, Tangerang
dan Bali.

The Company is domiciled in Jakarta and its head
office is located at Wisma Bakrie 1, 6th and 7th
Floor, Jalan H.R. Rasuna Said Kav. B1, South
Jakarta. Group have property at Jakarta, Bogor,
Malang, Sukabumi, Bekasi, Lampung, Batam,
Balikpapan, Tangerang and Bali.

Entitas Induk mulai beroperasi secara komersial
pada tahun 1990.

The Company started its commercial operations
in 1990.
7

The original consolidated financial statements included herein are in
the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
September 30, 2012 and December 31, 2011
And
The Period Ended
September 30, 2012 & 2011
(Expressed in Rupiah, unless otherwise stated)

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
30 September 2012 dan 31 Desember 2011
Dan
Periode Yang Berakhir Pada Tanggal
30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
1.

UMUM (lanjutan)

1.

b. Penawaran Umum Efek dan Obligasi Entitas
Induk

GENERAL (continued)
b. Public Offering of Shares and Bonds of The
Company

Pada tanggal 13 Oktober 1995, Entitas Induk telah
memperoleh pernyataan efektif dari Ketua Badan
Pengawas
Pasar
Modal
(BAPEPAM)
No. S-1304/PM/1995 untuk melakukan Penawaran
Umum Perdana kepada masyarakat atas 110 juta
saham dengan nilai nominal Rp 500 per saham
melalui Bursa Efek Jakarta dengan harga
penawaran Rp 625 per saham. Entitas Induk telah
mencatatkan seluruh sahamnya di Bursa Efek
Jakarta pada tanggal 30 Oktober 1995.

On October 13, 1995, the Company has obtained
an effective statement letter from the Chairman of
the
Capital
Market
Supervisory
Agency
(BAPEPAM) No. S-1304/PM/1995 to undertake an
Intial Public Offering of its 110 million shares with
par value of Rp 500 per share through Jakarta
Stock Exchange at the offering price of Rp 625 per
share. The Company has listed all its shares
issued and fully paid in the Jakarta Stock
Exchange on October 30, 1995.

Pada tanggal 15 September 1997, Entitas Induk
melakukan Penawaran Umum Terbatas I dengan
Hak Memesan Efek Terlebih Dahulu (HMETD) atas
1.050 juta saham dengan nilai nominal dan harga
penawaran Rp 500 per saham. Seluruh saham telah
dicatatkan di Bursa Efek Jakarta pada tanggal
6 Oktober 1997.

On September 15, 1997, the Company conducted
a Limited Public Offering I through pre-emptive
rights to issue 1,050 million shares with par value
and offering price of Rp 500 per share. The whole
shares have been listed in the Jakarta Stock
Exchange on October 6, 1997.

Pada tanggal 22 November 2005, Entitas Induk
melakukan Penawaran Umum Terbatas II dengan
HMETD atas 4,2 miliar saham biasa seri B dengan
nilai nominal Rp 100 per saham dan harga
penawaran Rp 150 per saham yang seluruh saham
yang ditempatkan dan disetor penuh telah dicatatkan
di
Bursa
Efek
Jakarta
pada
tanggal
12 Desember 2005.

On November 22, 2005, the Company conducted a
Limited Public Offering II through pre-emptive
rights to issue 4.2 billion B series shares with par
value of Rp 100 per share and offering price of
Rp 150 per share, which all of its shares issued
and fully paid have been listed in the Jakarta Stock
Exchange on December 12, 2005.

Pada tanggal 16 April 2007 Entitas Induk
memperoleh Surat Pemberitahuan Efektif atas
Pernyataan Pendaftaran Emisi Saham dari ketua
Bapepam-LK untuk melakukan Penawaran Umum
Terbatas III dengan HMETD atas 14 miliar saham
biasa seri B dengan nominal Rp 100 per saham dan
harga penawaran Rp 200 per saham, yang seluruh
saham ditempatkan dan disetor penuh telah
dicatatkan di Bursa Efek Jakarta pada tanggal
1 Mei 2007. Dengan diterbitkannya saham tersebut,
maka jumlah saham Entitas Induk yang telah
dicatatkan
di
bursa
menjadi
sebanyak
19.600.000.000 saham.

On April 16, 2007, the Company received Effective
Letter for share issuance from Bapepam-LK to
conduct a Limited Public Offering III through preemptive rights to issue 14 billion B series shares
with par value Rp 100 per share and offering price
of Rp 200 per share, which all of its shares issued
and fully paid have been listed in the Jakarta Stock
Exchange on May 1, 2007. Therefore the total of
the Company’s shares listed on Stock Exchange is
19,600,000,000 shares.

Berkenaan dengan Penawaran Umum Terbatas III,
Entitas Induk juga menerbitkan waran, dimana untuk
setiap 50 saham baru hasil pelaksanaan HMETD
tersebut melekat 7 Waran Seri I yang diberikan
cuma-cuma sebagai insentif bagi pemegang saham
Entitas Induk dan/atau pemegang HMETD yang
melaksanakan haknya (lihat Catatan 30).

In regards to Limited Public Offering III, the
Company also issued Warrant Seri I in which for
each 50 new shares from pre-emptive rights
includes 7 warrants issued as incentive for the
Company shareholders and/or pre-emptive rights
holders that exercise their right (see Note 30).

Pada tanggal 30 November 2007, Bursa Efek
Jakarta dan Bursa Efek Surabaya telah bergabung
menjadi Bursa Efek Indonesia.

On November 30, 2007, Jakarta Stock Exchange
and Surabaya Stock Exchange have merged to
become Indonesia Stock Exchange.

Pada tanggal 28 Februari 2008, Entitas Induk telah
mendapatkan pemberitahuan efektif pernyataan
pendaftaran dalam rangka Penawaran Umum
Obligasi I Bakrieland Development Tahun 2008
dengan Tingkat Bunga Tetap dari Badan Pengawas
Pasar Modal dan Lembaga Keuangan berdasarkan
Surat No. S-1220/BL/2008.

On February 28, 2008, the Company received
effective confirmation statement in regards with
Public Offering of Fixed Rate Bonds I Bakrieland
Development Year 2008 from Capital Market and
Financial Institution Supervisory Agency’s based
on its Letter No. S-1220/BL/2008.

8

The original consolidated financial statements included herein are in
the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
September 30, 2012 and December 31, 2011
And
The Period Ended
September 30, 2012 & 2011
(Expressed in Rupiah, unless otherwise stated)

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
30 September 2012 dan 31 Desember 2011
Dan
Periode Yang Berakhir Pada Tanggal
30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
1.

UMUM (lanjutan)

1.

b. Penawaran Umum Efek dan Obligasi Entitas
Induk (lanjutan)

GENERAL (continued)
b. Public Offering of Shares and Bonds of The
Company (continued)

Pada tanggal 11 Maret 2008, Entitas Induk
menerbitkan Obligasi I Bakrieland Development
Tahun 2008 dengan Tingkat Bunga Tetap, dengan
PT Bank Permata Tbk. sebagai wali amanat. Nilai
nominal obligasi keseluruhan adalah Rp 500 miliar
(lihat Catatan 27 butir b).

On March 11, 2008, the Company issued its
Bakrieland Development Bonds I Year 2008 with
Fixed Rates, with PT Bank Permata Tbk. as the
trustee. The bonds have a total face value of
Rp 500 billion (see Note 27 point b).

Pada tanggal 29 Juni 2009, Entitas Induk telah
mendapatkan pemberitahuan efektif pernyataan
pendaftaran dalam rangka Penawaran Umum Sukuk
Ijarah I Bakrieland Development Tahun 2009 dengan
cicilan imbalan ijarah sebesar Rp 314,8 juta dari
Badan Pengawas Pasar Modal dan Lembaga
Keuangan berdasarkan Surat No. S-5660/BL/2009.

On June 29, 2009, the Company received effective
confirmation statement in regards with Public
Offering of Sukuk Ijarah I Bakrieland Development
Year 2009 with annual fixed Ijarah return (“Cicilan
Imbalan Ijarah”) totalling of Rp 314.8 million from
Capital Market and Financial Institution Supervisory
Agency’s based on its Letter No. S-5660/BL/2009.

Pada tanggal 7 Juli 2009, Entitas Induk menerbitkan
Sukuk Ijarah I Bakrieland Development Tahun 2009,
dengan PT Bank Mega Tbk. sebagai wali amanat.
Nilai nominal Sukuk Ijarah keseluruhan sebesar
Rp 150 miliar (lihat Catatan 27 butir c).

On July 7, 2009, the Company issued its Sukuk
Ijarah I Bakrieland Development Year 2009, with
PT Bank Mega Tbk. as the trustee. The bonds have
a total face value of Rp 150 billion (see Note 27
point c).

Pada tanggal 25 Juni 2010 Entitas Induk
memperoleh Surat Pemberitahuan Efektif atas
Pernyataan Pendaftaran Emisi Saham dari ketua
Bapepam-LK untuk melakukan Penawaran Umum
Terbatas IV dengan HMETD atas 19,96 miliar saham
biasa seri B dengan nominal Rp 100 per saham dan
harga penawaran Rp 160 per saham. Dengan
diterbitkannya saham tersebut, maka jumlah saham
Entitas Induk yang telah dicatatkan di bursa menjadi
sebanyak 39,92 miliar saham.

On June 25, 2010, the Company received Effective
Letter for share issuance from Bapepam-LK to
conduct a Limited Public Offering IV through preemptive rights to issue 19.96 billion series shares
with par value of Rp 100 per share and offering
price of Rp 160 per share. Therefore the total of
shares listed on Stock Exchange is 39.92 billion
shares.

Berkenaan dengan Penawaran Umum Terbatas IV
tersebut, Entitas Induk juga menerbitkan waran,
dimana untuk setiap 20 saham baru hasil
pelaksanaan HMETD tersebut melekat 7 Waran Seri
II yang diberikan cuma-cuma sebagai insentif bagi
pemegang saham Entitas Induk dan/atau pemegang
HMETD
yang
melaksanakan
haknya (lihat
Catatan 30).

In regards to the Limited Public Offering IV, the
Company also issued Warrant Series II in which for
each 20 new shares from pre-emptive rights
includes 7 warrants series II issued as incentive for
the Company shareholders and/or pre-emptive
rights holders that exercise their right (see
Note 30).

c. Struktur Entitas Anak

c. The Structure of Subsidiaries
As of September 30, 2012 and December 31,
2011, the Company has Subsidiaries as follows:

Pada tanggal 30 September 2012 dan 31 Desember
2011, Entitas Induk memiliki Entitas Anak sebagai
berikut:

30 September 2012/September 30, 2012

Entitas Anak /
Subsidiaries

Lokasi Proyek /
Domicile

Persentase
Kepemilikan /
Percentage of
Ownership

Jumlah Aset
(sebelum eliminasi) /
Total Assets
(before elimination)

Tahun Pendirian /
Establishment

99,99

1988

Rp

10.271.285.861

99,99

1990

Rp

253.071.963.233

90,00

1994

Rp

170.063.275.094

99,78
69,62

1988
1982

Rp
Rp

8.774.205.726.765
3.076.895.510.893

Kepemilikan saham secara
Langsung / Direct Ownership:
PT Citrasaudara Abadi (“CSA”)
PT Villa Del Sol (“VDS”)

a)

PT Krakatau Lampung Tourism
Development (“KLTD”)
PT Graha Andrasentra
Propertindo (“GAP”)
PT Bakrie Swasakti Utama (“BSU”)

Tangerang,
Banten
Cipanas,
Jawa Barat
Lampung
Bogor,
Jawa Barat
Jakarta

9

The original consolidated financial statements included herein are in
the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
September 30, 2012 and December 31, 2011
And
The Period Ended
September 30, 2012 & 2011
(Expressed in Rupiah, unless otherwise stated)

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
30 September 2012 dan 31 Desember 2011
Dan
Periode Yang Berakhir Pada Tanggal
30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
1.

UMUM (lanjutan)

1.

c. Struktur Entitas Anak (lanjutan)

GENERAL (continued)
c. The Structure of Subsidiaries (continued)

30 September 2012/September 30, 2012

Entitas Anak /
Subsidiaries

Persentase
Kepemilikan /
Percentage of
Ownership

Tahun Pendirian /
Establishment

69,99
99,99
69,99
69,99
99,99
99,96
99,98
100,00

2006
2007
2006
2007
2008
2009
2009
2010

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

651.881.345.283
1.446.528.302.277
593.714.032.546
3.488.305.717.250
124.998.260.650
15.204.454.955
29.224.084.202
1.003.152.424.914

100,00

2008

Rp

773.520.713.518

Bekasi,
Sukabumi,
Jawa Barat
Bali

99,30
98,78

1995
1997

Rp
Rp

16.530.147.725
147.581.908.330

Lokasi Proyek /
Domicile

Jumlah Aset
(sebelum eliminasi) /
Total Assets
(before elimination)

Kepemilikan saham secara
Langsung / Direct Ownership:
PT Superwish Perkasa (“SP”) a)
PT Bakrie Nirwana Semesta (“BNS”)
PT Bumi Daya Makmur (“BDM”)
PT Bakrie Infrastructure (“BI”)
PT Bakrie Pangripta Loka (“BPLK”)
PT Bakrie Graha Investama (“BGI”)
PT Bakrie Sentra Investama (“BSI”) a)
BLD Investment Pte. Ltd. (”BLDI”)
Limitless World International
Services – 6 Ltd. (“LW-6”)

Jakarta
Jakarta
Jakarta
Jakarta
Jakarta
Jakarta
Jakarta
Singapura
Dubai,
United Arab Emirates

Kepemilikan saham secara tidak
Langsung / Indirect ownership:
Melalui GAP / Through GAP:
PT Sanggraha Pelita Sentosa
(“SPS”)
PT Graha Intan Bali (“GIB”) b)
PT Samudra Asia Nasional
(“SAN”)
PT Dutaperkasa Unggullestari
(“DPUL”)
PT Mutiara Permata Biru (“MPB”)
PT Bahana Sukmasejahtera
(“BSS”) a)
PT Bukit Jonggol Asri (“BJA”)
Sugillite Company Limited (“SL”)

Bali

99,78

2003

Rp

696.229.159.593

Malang, Jawa Timur
Batam

64,86
99,77

1992
1999

Rp
Rp

184.271.087.312
50.164.662.307

Bogor, Jawa Barat
Jonggol, Bogor
British Virgin Island

99,96
50,00
99,99

1996
1997
2011

Rp
Rp
Rp

924.246.599.547
4.444.895.828.754
913.875.458.101

Jakarta

94,70

1996

Rp

30.015.900.776

Jakarta

94,70

2004

Rp

29.259.973.689

Balikpapan,
Kalimantan Timur
Ubud, Bali
Jakarta
Kuta, Bali
Tanah Lot, Bali
Jakarta
Jakarta

99,99
99,99
99,80
99,92
52,55
99,99
80,00

2006
1999
2008
2008
1992
2008
2012

Rp
Rp
Rp
Rp
Rp
Rp
Rp

74.055.309.848
15.314.008.034
23.582.069.418
59.954.263.018
991.102.667.376
241.848.469.588
2.699.472.063

Melalui BI / Through BI:
PT Bakrie Toll Road (“BTR”)
PT Amerta Bumi Capital (“ABC”) a)
PT Alberta Utilities (AI) a)

Jakarta
Surabaya
Jakarta

65,55
51,00
75,03

2008
2009
2006

Rp
Rp
Rp

3.420.982.076.378
5.661.247.715
3.908.415.162

Melalui LW-6 / Through LW-6:
PT Bakrie Swasakti Utama (“BSU”)
PT Bumi Daya Makmur (“BDM”)
PT Superwish Perkasa (SP) a)

Jakarta
Jakarta
Jakarta

30,00
30,00
30,00

1982
2006
2006

Rp
Rp
Rp

3.076.895.510.893
593.714.032.546
651.881.345.283

Melalui BSU / Through BSU:
PT Bakrie Pesona Rasuna (“BPR”)
PT Rasuna Residence Development
(“RRD”)
Melalui BNS / Through BNS:
PT Libratindo Gemilang (“LG”) a)
PT Berkah Puhu Lestari (“BPL”) a)
PT Bakrie Graha Nirwana (“BGN”) a)
PT Nirwana Legian Hotel (“NLH”)
PT Bali Nirwana Resort (“BNR”)
PT Bakrie Bangun Persada (“B2P”)
PT Bakrie Batavia Krisma (“B2K”)

Kepemilikan saham secara tidak
Langsung / Indirect ownership:
Melalui BTR / Through BTR:
PT Satria Cita Perkasa (“SCP”)
Transglobal Finance Limited
(“TGF”) a)
Pan Galactic Invesment (“PGI”)
Melalui SCP / Through SCP:
PT Semesta Marga Raya (“SMR”)

Jakarta

99,99

2002

Rp

1.435.643.542.867

British Virgin Island
British Virgin Island

100,00
100,00

2001
1999

Rp
Rp

176.453.422.763
105.872.057.594

Jawa Barat

60,00

2005

Rp

2.985.707.388.847

10

The original consolidated financial statements included herein are in
the Indonesian language.

PT BAKRIELAND DEVELOPMENT Tbk.
AND SUBSIDIARIES
NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
September 30, 2012 and December 31, 2011
And
The Period Ended
September 30, 2012 & 2011
(Expressed in Rupiah, unless otherwise stated)

PT BAKRIELAND DEVELOPMENT Tbk.
DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN
KONSOLIDASIAN
30 September 2012 dan 31 Desember 2011
Dan
Periode Yang Berakhir Pada Tanggal
30 September 2012 dan 2011
(Dinyatakan dalam Rupiah, kecuali dinyatakan lain)
1.

UMUM (lanjutan)

1.

c. Struktur Entitas Anak (lanjutan)

GENERAL (continued)
c. The Structure of Subsidiaries (continued)

30 September 2012/September 30, 2012

Lokasi Proyek /
Domicile

Persentase
Kepemilikan /
Percentage of
Ownership

Tahun Pendirian /
Establishment

Melalui TGF / Through TGF:
PT Semesta Marga Raya (“SMR”)

Jawa Barat

25,00

2005

Rp

2.985.707.388.847

Melalui PGI / Through PGI:
PT Semesta Marga Raya (“SMR”)

Jawa Barat

15,00

2005

Rp

2.985.707.388.847

Jakarta

99,74

2008

Rp

46.697.164.771

Jakarta

99,59

1994

Rp

485.921.700

Singapura

100,00

2010

Rp

918.155.364.231

Balikpapan,
Kalimantan Timur

99,00

2008

Rp

10.328.409.569

Jonggol, Bogor

99,83

2011

Rp

773.309.927.910

47,45

1992

Rp

991.102.667.376

Entitas Anak /
Subsidiaries

Jumlah Aset
(sebelum eliminasi) /
Total Assets
(before elimination)

Kepemilikan saham secara tidak
Langsung / Indirect ownership:

Melalui BPLK / Through BPLK:
PT Provices Indonesia (“PVI”)
PT Rasuna Caturtama
Corpora (“RCC”) b)
Melalui BLDI / Through BLDI:
BLD Asia Pte. Ltd. (“BLDA”)
Melalui BGI / Through BGI:
PT Hotel Elty Tenggarong
(formerly PT Bakrie Armo
Nirwana) (“BAN”)
Melalui BJA / Through BJA:
PT Jungleland Asia
(formerly PT Garda Mulia
Persada) (“JLA”) a)
Melalui SL / Through SL:
PT Bali Nirwana Resort (“BNR”)

Tanah Lot, Bali

31 Desember 2011/December 31, 2011

Entitas Anak /
Subsidiaries

Kepemilikan saham secara
Langsung / Direct Ownership:
PT Citrasaudara Abadi (“CSA”) a)
PT Villa Del Sol (“VDS”)

a) b)

PT Krakatau Lampung Tourism
Development (“KLTD”) a)
PT Graha Andrasentra
Propertindo (“GAP”)
PT Bakrie Swasakti Utama (“BSU”)
PT Superwish Perkasa (“SP”) b)
PT Bakrie Nirwana Semesta (“BNS”)
PT Bumi Daya Makmur (“BDM”)
PT Bakrie Infrastructure (“BI”)
PT Bakrie Pangripta Loka (“BPLK”)
PT Bakrie Graha Investama (“BGI”) a)
PT Bakrie Sentra Investama (“BSI”) a) b)
BLD Investment Pte. Ltd. (”BLDI”) a)
Kepemilikan saham secara tidak
Langsung / Indirect ownership:
Melalui GAP / Through GAP:
PT Sanggraha Pelita Sentosa
(“SPS”)
PT Graha Intan Bali (“GIB”) b)
PT Samudra Asia Nasional
(“SAN”)

Lokasi proyek /
Domicile

Tangerang,
Banten
Cipanas,
Jawa Barat

Persentase
Kepemilikan /
Percentage of
Ownership

Jumlah aset
(sebelum eliminasi) /
Total Assets
(before elimination)

Tahun Pendirian /
Establishment

99,99

1988

Rp

10.347.541.085

99,99

1990

Rp

253.155.483.233

Lampung
Bogor,
Jawa Barat
Jakarta
Jakarta
Jakarta
Jakarta
Jakarta
Jakarta
Jakarta
Jakarta
Singapura

90,00

1994

Rp

170.083.088.198

99,78
69,62
69,99
99,99
69,99
69,99
99,99
99,96
99,98
100,00

1988
1982
2006
2007
2006
2007
2008
2009
2009
2010

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

7.153.081.533.958
3.325.281.752.454
669.719.332.407
1.220.664.321.293
555.295.721.193
3.496.522.085.855
93.733.010.542
14.652.514.146
28.669.296.771
1.053.140.435.888

Bekasi,
Sukabumi,
Jawa Barat
Bali

99,30
98,78

1995
1997

Rp
Rp

16.725.148.645
17.711.391.350

Bali

99,78

2003

Rp

596.652.417.801

11

The original consolidated financial statements included