BOGA_Annual Report_2017.pdf - MAINTAINING GROWTH EXISTENCE MENJAGA EKSISTENSI PERTUMBUHAN 2017 LAPORAN TAHUNAN ANNUAL REPORT Maintaining Growth

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Unformatted text preview: MAINTAINING GROWTH EXISTENCE MENJAGA EKSISTENSI PERTUMBUHAN 2017 LAPORAN TAHUNAN ANNUAL REPORT Maintaining Growth Existence Menjaga Eksistensi Pertumbuhan PT Bintang Oto Global Tbk tetap optimis dalam meningkatkan pertumbuhan kinerja Perseroan di tengah kondisi industri otomotif yang tidak menentu. Rangkaian upayastrategis dan prudent ditempuh untuk mencapai pertumbuhan di masa mendatang. Sumber daya manusia yang andal dan produktif juga dikembangkan agar mampu mengoptimalkan kegiatan bisnis dan membentuk pertumbuhan yang berkelanjutan di masa depan. PT Bintang Oto Global Tbk remains optimistic in improving the Company’s performance growth amid the uncertain condition of the automotive industry. A series of strategic and prudent efforts are pursued to achieve growth in the future. Reliable and productive human resources are also developed in order to optimize the business activities and create sustainable growth in the future. Laporan Tahunan 2017 Annual Report 3 Daftar Isi Table of Contents TEMA DAN PENJELASAN Theme KEUNGGULAN KOMPETITIF Competitive Advantages SANGGAHAN DAN BATASAN TANGGUNG JAWAB Disclaimer and Limitation Of Responsibility 05 Kilas Kinerja Performance Highlights 08 Ikhtisar Keuangan Financial Highlights 34 Profil Unit Internal Audit Profil of Audit Internal Unit 10 Ikhtisar Operasional Operational Highlights 35 Jumlah Karyawan Number of Employees 11 Ikhtisar Saham Share Highlights 37 Struktur Korporasi Corporate Structure 12 Peristiwa Penting Key Events 38 Entitas Anak Subsidiary Entry 44 Alamat Perusahaan dan Entitas Anak Addresses of Company and Its Subsidiary Entity 45 Lembaga Penunjang Pasar Modal Capital Market Supporting Institutions 45 Akses Informaasi Information Access 46 Penghargaan dan Sertifikasi Awards and Certifications 50 Komposisi Pemegang Saham Composition of Shareholders 51 Kronologi Pencatatan Saham Chronology of Share Listing 52 Realisasi Penggunaan Dana Hasil Penawaran Umum Realization of the Use of Proceeds of the Public Offering 53 Pemegang Saham Utama dan Pengendali Main and Controlling Shareholders 54 Program Kepemilikan Saham oleh Karyawan dan/atau Manajemen Share Ownership Program for Employees and/or Management 54 Kebijakan dan Pembagian Dividen Dividend Policy and Distribution 54 Kronologi Pencatatan Efek Lainnya Chronology of Other Securities Listing 09 10 Laporan Dewan Komisaris Board of Commissioners Report Management Reports 18 Laporan Direksi Board of Directors Report 25 22 Identitas Perusahaan Corporate Identity 23 Riwayat Singkat Brief History 24 Bidang Usaha Line of Business 24 Produk dan Jasa Products and Services 26 Visi, Misi dan Nilai Perusahaan Vision, Mission, and Corporate Value 27 Struktur Organisasi Organizational Structure 28 Profil Dewan Komisaris Board of Commissioners Profile 30 Profil Direksi Board of Directors Profile 32 Profil Komite Audit Audit Committee Profile 33 Profil Komite Nominasi dan Remunerasi Profile of Nomination and Remuneration Committee 34 Profil Sekretaris Perusahaan Profile of Corporate Secretary Laporan Manajemen Profil Perusahaan Company Profile 49 Informasi Bagi Pemodal Information for Investors 56 Analisis dan Pembahasan Manajemen Management Discussion and Analysis 56 Tinjauan Ekonomi Economic Review 57 Tinjauan Operasi Per Segmen Usaha Operational Review Per Busines Segment 58 Laporan Posisi Keuangan Konsolidasian Consolidated Financial Statement Position 61 Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian Profil/Loss Statement and Other Comprehensive Income Consolidated 65 Laporan Arus Kas Konsolidasian Consolidated Cash Flow Statement 66 Kemampuan Membayar Utang Ability to Pay Debts 67 Tingkat Kolektibilitas Piutang Receivable Collectability 67 Struktur Permodalan Capital Structure 68 Ikatan Material yang Terkait Related Material Commitment 69 Investasi Barang Modal Capital Goods Investment 69 Investasi, Ekspansi, Divestasi, Akuisisi, Restrukturisasi Utang dan/atau Modal Investment, Expansion, Acquisition, Restructuring Debts and/or Capital 69 Transaksi dengan Pihak Berelasi Related Party’s Transactions 70 Informasi Material Setelah Tanggal Laporan Keuangan Material Information after the Accountant’s Reporting Date 70 Perubahan Peraturan Perundang-Undangan Changes in Law 70 Perubahan Kebijakan Akuntansi Changes in Accounting Policies 70 Pengembangan Usaha Business Development 80 Rapat Umum Pemegang Saham General Meeting of Shareholders 83 Dewan Komisaris Board of Commissioners 87 Direksi Board of Directors 93 Komite Audit Audit Committee 96 Komite Nominasi dan Remunerasi Nomination and Remuneration Committee 99 Sekretaris Perusahaan Corporate Secretary 101 Unit Internal Audit Internal Audit Unit 103 Sistem Pengendalian Internal Internal Control System 104 Sistem Manajemen Risiko Risk Management System 105 Perkara Penting dan Sanksi Administratif Significant Cases and Administrative Sanctions 106 Kode Etik dan Budaya Perusahaan Code of Ethics and Corporate Culture 107 Whistleblowing System Whistleblowing System 109 Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 109 CSR Terhadap Lingkungan Hidup CSR on Environment 110 CSR Terhadap Ketenagakerjaan, Kesehatan, dan Keselamatan Kerja CSR on Employment, Health, and Work Safety 103 CSR Terhadap Pengembangan Sosial dan Kemasyarakatan CSR on Social Community Development 113 CSR Terhadap Pelanggan CSR on to Customer 75 Tata Kelola Perusahaan Corporate Governance 76 Komitmen Penerapan Tata Kelola Perusahaan Commitment to Apply Corporate Governance 76 Penerapan Pedoman Tata Kelola Perusahaan Terbuka Implementation of Open Corporate Governance Guidelines TANGGUNG JAWAB LAPORAN TAHUNAN Annual Report Responsibility LAPORAN KEUANGAN Financial Statements Kilas Kinerja Performance Highlights Laporan Manajemen Management Report Profil Perusahaan Company Profile Informasi Bagi Pemodal Information for Investors Keunggulan Kompetitif Competitive Advantages • Memiliki tim manajemen yang berpengalaman di bidang otomotif. Perseroan memiliki sumber daya yang handal dan berpengalaman di bidang otomotif. Hal ini terlihat dari rekam jejak manajemen Perseroan yang memiliki pengalaman bertahun-tahun di bidang otomotif. • Experienced management team in automotive sector The Company has reliable and experienced human resources in automotive. This is reflected from the company’s track record that has years of experiences in automotive sector. • Perencanaan ekspansi yang matang. Perseroan telah memiliki perencanaan yang matang dalam langkah ekspansi ke depan. Hal ini sebagai upaya dalam menjaga pertumbuhan Perseroan secara berkelanjutan, Perseroan menargetkan akan melakukan ekspansi ke daerah yang potensial dan meningkatkan kapasitas produk dan layanan yang dihasilkan. • Detailed expansion planning The Company already has detailed expansion planning in determining future expansion actions. This is an effort to maintain sustainable growth of the Company. The Company has set a target to undergo expansions to potential areas and to increase product capacity and services. • Dukungan penuh dari prinsipal. Perseroan melakukan ekspansi pengembangan dealer dengan mendapatkan dukungan dari prinsipal. Hal ini dikarenakan visi prinsipal yang juga ingin mengembangkan jaringan di daerahdaerah potensial untuk memperluas pangsa pasar. Selain itu, Perseroan juga senantiasa berusaha untuk membentuk dealer 3S sehingga layanan purna jual tetap terjaga. • Full support from the principal The Company has undergone expansions in dealer development with support from the principal. This is due to the principal’s vision which also intends to develop network in potential areas in order to expand its market segment. In addition, the Company continously strives to establish 3S dealership, so that its after sales service is maintained. Sanggahan dan Batasan Tanggung Jawab Disclaimer and Limitation of Responsibility Laporan Tahunan 2017 PT Bintang Oto Global Tbk (yang selanjutnya disebut Perseroan) ini disusun untuk memenuhi ketentuan pelaporan hasil kinerja Perseroan pada periode 1 Januari sampai dengan 31 Desember 2017 kepada regulator. Laporan Tahunan ini antara lain disusun berdasarkan Peraturan Otoritas Jasa Keuangan No. 29/ POJK.04/2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik dengan muatan konten sesuai Surat Edaran Otoritas Jasa Keuangan No. 30/SEOJK.04/2016 tentang Bentuk dan Isi Laporan Tahunan Emiten atau Perusahaan Publik. This 2017 Annual Report of PT Bintang Oto Global Tbk (further called by the Company) was perpared to comply with a regulation on performance result reporting from the period of 1 January 2017 to 31 December 2017 to the regulator. This Annual Report was prepared in accordance with a Regulation of Financial Services Authority No. 29/POJK.04/2016 on Issuer Annual Report or Public Company in which its content is in accordance with Circulation Letter of Financial Services Authority No. 30/SEOJK.04/2016 on the Form and Content of Issuer Annual Report or Public Company. Laporan Tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, strategi, kebijakan, rencana dan proyeksi, serta tujuan Perseroan. Pernyataan-pernyataan tersebut memiliki prospek risiko, ketidakpastian, serta dapat mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. This Annual Report containts financial condition statements, operating profit, strategy, policy, plan and projection, as well as the Company’s objective. Such statements entail risk prospects, uncertainty and may result in actual development materially is different from those reported. Pernyataan-pernyataan prospektif dalam Laporan Tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi terkini dan kondisi mendatang Perseroan, serta lingkungan bisnis yang terkait. Oleh karena itu, Perseroan tidak menjamin bahwa pernyataan atau informasi tersebut menjadi dasar utama dalam pengambilan keputusan ataupun akan membawa hasil tertentu sesuai harapan. Prospective statements in this Annual Report were made based on several assumption on current and future conditions of the Company, as well as related business environment. Therefore, the Company does not guarante that such statements or information are main basis in making decision or will bring certain results according to the expectation. 6 PT Bintang Oto Global Tbk Analisis dan Pembahasan Manajemen Manajemen Discussion and Analysis Tata Kelola Perusahaan Good Corporate Governance Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 1 Kilas Kinerja Performance Highlights 08 Ikhtisar Keuangan Financial Highlights 10 Ikhtisar Operasional Operational Highlights 11 Ikhtisar Saham Share Highlights 12 Peristiwa Penting Key Events Laporan Tahunan 2017 Annual Report 7 Kilas Kinerja Performance Highlights Laporan Manajemen Management Report Profil Perusahaan Company Profile Informasi Bagi Pemodal Information for Investors Ikhtisar Keuangan Financial Highlights (dalam juta Rupiah / in million Rupiah) Uraian 2017 2016 2015 Description POSISI KEUANGAN KONSOLIDASIAN / CONSOLIDATED FINANCIAL POSITIION Total Aset 520,241 431,921 167,598 Total Assets Total Aset Lancar 180,512 239,771 50,063 Total Current Assets Total Aset Tidak Lancar 339,730 192,149 117,535 Total Non-Current Assets Total Liabilitas 114,459 34,645 35,120 Total Liabilities Total Liabilitas Jangka Pendek 94,441 29,636 16,649 Total Short-term Liabilities Total Liabilitas Jangka Panjang 20,018 5,009 18,470 Total Long-term Liabilities Total Ekuitas 405,782 397,276 132,478 Total Equity Total Liabilitas dan Ekuitas 520,241 431,921 167,598 Total Liabilities and Equity LABA RUGI KOMPREHENSIF KONSOLIDASIAN / COMPREHENSIVE CONSOLIDATED PROFIT/LOSS Pendapatan Neto Beban Pokok Pendapatan Laba Bruto Beban Usaha 395,398 445,993 353,498 Net Income (369,041) (423,063) (340,619) Cost of Income 26,357 22,930 12,879 Gross Profit (14,583) (10,237) (6,369) Operating Expense Laba Sebelum Beban Pajak Penghasilan 11,774 12,693 6,510 Profit Before Tax Expense Pajak Penghasilan (3,534) (2,874) (1,577) Income Tax Total Laba Tahun Berjalan 8,240 9,819 4,933 Total Profit of Current Year Pemilik Entitas Induk 8,222 9,803 4,885 Owners of Parent Entity Kepentingan Non-Pengendali 18 17 48 Non-Controlling Interest (47) (24) 28 Other Comprehensive Expense Laba Komprehensif Tahun Berjalan 8,193 9,795 4,961 Comprehensive Profit of the Current Year Pemilik Entitas Induk 8,175 9,779 4,913 Owner of Parent Entity Kepentingan Non-Pengendali 18 17 48 Non-controlling Interest 2.16 5.72 5.45 Beban Komprehensif Lain Laba Bersih Per Saham Dasar (Rupiah) Arus Kas Konsolidasian Earning Per Share Consolidated Cash Flow Arus Kas dari (untuk) Aktivitas Operasi 7,340 (293) 12,058 Cash Flow from (for) Operational Activities Arus Kas dari (untuk) Aktivitas Investasi (202,902) (19,355) (58,450) Cash Flow from (for) Investment Activities 24,147 189,937 60,891 Cash Flow from (for) Financing Activities Laba Bruto Terhadap Pendapatan 6.67% 5.14% 3.64% Gross Profit to Income Laba Neto Terhadap Pendapatan 2.08% 2.20% 1.40% Net Profit to Income Laba Bruto Terhadap Ekuitas 6.50% 5.77% 9.72% Gross Profit to Equity Laba Bersih Terhadap Ekuitas (ROE) 2.03% 2.47% 3.72% Net Profit to Equity Laba Bruto Terhadap Aset 5.07% 5.31% 7.68% Gross Profit to Assets Laba Bersih Terhadap Aset (ROA) 1.58% 2.27% 2.94% Net Profit to Assets Arus Kas dari (untuk) Aktivitas Pendanaan RASIO KEUANGAN / FINANCIAL RATIO 8 PT Bintang Oto Global Tbk Analisis dan Pembahasan Manajemen Manajemen Discussion and Analysis Tata Kelola Perusahaan Good Corporate Governance Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Aset Liabilitas Assets Liabilities (dalam juta Rupiah / in million Rupiah) (dalam juta Rupiah / in million Rupiah) 114,459 520,241 431,921 167,598 2015 2016 2017 35,120 34,645 2015 2016 Ekuitas 2017 Pendapatan Equities Income (dalam juta Rupiah / in million Rupiah) (dalam juta Rupiah / in million Rupiah) 445,993 397,276 405,782 395,398 353,498 132,478 2015 2016 2017 Laba Bruto 2015 2016 2017 Laba Tahun Berjalan Gross Profit Profit of Current Year (dalam juta Rupiah / in million Rupiah) (dalam juta Rupiah / in million Rupiah) 26,357 9,819 22,930 8,240 4,933 12,879 2015 2016 2017 2015 2016 2017 Laporan Tahunan 2017 Annual Report 9 Kilas Kinerja Performance Highlights Laporan Manajemen Management Report Profil Perusahaan Company Profile Informasi Bagi Pemodal Information for Investors Ikhtisar Operasional Operational Highlights (dalam juta Rupiah / in million Rupiah) Keterangan Remarks 2017 2016 2015 384,527 437,274 353,498 Pendapatan Usaha / Operating Income Kendaraan Bermotor dan Suku Cadang / Motor Vehicles and Spare Parts Sewa Operasi / Rental Operation Total / Total 10,871 8,720 - 395,398 445,994 353,498 Pendapatan Per Segmen Usaha Income Per Business Segment (dalam juta Rupiah / in million Rupiah) 26,357 12,879 22,930 12,879 2017 Kendaraan Bermotor dan Suku Cadang Motor Vehicles and Spare Parts 10 PT Bintang Oto Global Tbk 22,930 2016 Sewa Operasi Rental Operation 2015 Analisis dan Pembahasan Manajemen Manajemen Discussion and Analysis Tata Kelola Perusahaan Good Corporate Governance Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Ikhtisar Saham Share Highlights Harga Terendah Lowest Price (Rp / IDR) Harga Tertinggi Highest Price (Rp / IDR) Harga Penutupan Closing Price (Rp / IDR) Volume Transaksi Volume of Transactiosn (Lembar / Share) Jumlah Saham Beredar Number of Outstanding Share (Lembar / Share) Kapitalisasi Pasar Market Capitalization (Rp) Januari / January 396 374 380 404,155,300 3,802,865,850 1,445,089,023,000 Februari / February 384 356 360 216,846,900 3,802,865,850 1,369,031,706,000 Maret / march 370 336 368 231,541,100 3,802,865,850 1,399,454,632,800 April / April 374 360 364 239,538,000 3,802,865,850 1,384,243,169,400 Mei / May 428 360 426 219,240,300 3,802,865,850 1,620,020,852,100 Juni / June 452 412 438 308,189,600 3,802,865,850 1,665,655,242,300 Juli / July 510 408 500 634,207,900 3,802,865,850 1,901,432,925,000 Agustus / August 615 488 595 299,315,800 3,802,865,850 2,262,705,180,750 September / September 640 565 600 117,127,300 3,802,865,850 2,281,719,510,000 Oktober / October 620 575 615 33,863,800 3,802,865,850 2,338,762,497,750 November / November 655 605 615 80,400,900 3,802,865,850 2,338,762,497,750 Desember / December 630 595 620 30,277,500 3,802,865,850 2,357,776,827,000 408 150 390 226,668,100 3,800,000,000 1,482,000,000,000 Periode Period 2017 2016 Desember / December Volume Perdagangan Trading Volume (Lembar saham / Shares) Harga Penutupan Closing Price 80000000 700 70000000 600 60000000 500 50000000 400 40000000 300 30000000 200 20000000 100 10000000 0 0 2016 2017 Volume Perdagangan Trading Volume Harga Penutupan Closing Price Laporan Tahunan 2017 Annual Report 11 Kilas Kinerja Performance Highlights Laporan Manajemen Management Report Profil Perusahaan Company Profile Informasi Bagi Pemodal Information for Investors Peristiwa Penting Key Events 13 Juni / June 2017 13 Juni / June 2017 20 - 21 Desember / December 2017 12 PT Bintang Oto Global Tbk Perseroan melakukan Rapat Umum Pemegang Saham Tahunan dan Rapat Umum Pemegang Saham Luar Biasa yang diselenggarakan di Hotel Ciputra, Jl. Letnan Jenderal S Parman, Jakarta Barat. The Company conducted Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders held at Ciputra Hotel on Jl. Letnan Jenderal S Parman, West Jakarta. Perseroan telah melakukan Public Expose yang diselenggarakan di Hotel Ciputra, Jl. Letnan Jenderal S Parman, Jakarta Barat. The Company undertook Public Expose held at Ciputra Hotel on Jl. Letnan Jenderal S Parman, West Jakarta. Entitas Anak yakni PT Sumber Utama Niaga melakukan pelepasan seluruh kepemilikan sahamnya PT Graha Persada Lestari sebanyak 99 saham atau Rp99.000.000,- kepada PT Tunas Inti Mahakarya. The Subsidiary Entity, PT Sumber Utama Niaga released its all shares ownership as many as 99 shares or Rp99.000.000,- to PT Tunas Inti Mahakarya. Analisis dan Pembahasan Manajemen Manajemen Discussion and Analysis Tata Kelola Perusahaan Good Corporate Governance Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 2 Laporan Manajemen Management Reports 14 Laporan Dewan Komisaris Board of Commissioners Report 18 Laporan Direksi Board of Directors Report Laporan Tahunan 2017 Annual Report 13 Kilas Kinerja Performance Highlights Laporan Manajemen Management Report Profil Perusahaan Company Profile Informasi Bagi Pemodal Information for Investors Laporan Dewan Komisaris Board of Commissioners Report Hadiyana Komisaris Independen Independent Commissioner Pemegang Saham dan Pemangku Kepentingan yang terhormat, Puji Syukur kepada Tuhan Yang Maha Kuasa karena telah menyertai Perseroan selama satu tahun ini, sehingga Perseroan dapat mampu melewati tahun 2017 dengan penuh tantangan. Di tahun 2017, pertumbuhan ekonomi Indonesia kembali pulih tercatat sebesar 5,07% lebih baik dibandingkan dengan pertumbuhan ekonomi tahun sebelumnya yang tercatat sebesar 5,03%. Dari sisi produksi, pertumbuhan tertinggi dicapai oleh sektor informasi dan komunikasi sebesar 9,81%. Sedangkan sisi sektor transportasi dan pergudangan tumbuh sebesar 5,55%. Membaiknya pertumbuhan ekonomi Indonesia pada tahun 2017, tidak terlalu berdampak pada industri otomotif. Respected Shareholders and Stakeholders Raise our praise and gratitude to God the Almighty for accompanying the Company within this one year, and for His blessings that the Company was able to pass the year 2017 with full of challenges. In 2017 Indonesian economic growth recovered by 5.07% which was better compared to previous econmic growth which was recorded by 5.03%. On the production side, the highest growth was achieved by information and communication sectors by 9.81%. Whilst the transportation and warehousing sectors grew by 5.55%. The improvement in Indonesian economic growth in 2017 had little impact on automotive industry. 14 PT Bintang Oto Global Tbk Analisis dan Pembah...
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