PTPP_Annual Report_2018.pdf - FUNDAMENTAL PRINCIPLE FOR THE FUTURE PT PP(Persero Tbk ANNUAL REPORT LAPORAN TAHUNAN 2018 KELUAR TOL BANDARA STADION PAPU

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Unformatted text preview: FUNDAMENTAL PRINCIPLE FOR THE FUTURE PT PP (Persero) Tbk ANNUAL REPORT LAPORAN TAHUNAN 2018 KELUAR TOL BANDARA STADION PAPU A BA NG KI T UTAMAKAN KESELAMATAN KERJA PROPERTY INFRASTRUCTURE ENERGY Commercial Residential Hospitality Toll Road, Seaport, Airport Industrial Zone, MRT Telecommunication Infrastructure Water Supply Management Waste Management Power Solution Energy Solution (Oil & Gas) UPSTREAM CONSTRUCTION High Rise Building, Roads & Bridges, Port, Dam, Irrigation EPC Power Plant, Oil & Gas, Mining MIDSTREAM EQUIPMENT & CIVIL WORKS CONTRACTOR Earth Moving Contractor, Foundation, Erection, Mining Service Asphalt & Conscrete Mixing Plant, Ready-Mix Plant, Equipment Rental PRECAST & LOW COST RESIDENTIAL Construction, Precast Factory, High Rise PreCast Low Cost Residential DOWNSTREAM Sanggahan Dan Batasan Tanggung Jawab Disclaimer And Limitation Of Liability Laporan tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, proyeksi, rencana, strategi, kebijakan, serta tujuan Perseroan, yang digolongkan sebagai pernyataan ke depan dalam pelaksanaan Perundang-undangan yang berlaku, kecuali hal-hal yang bersifat historis. Pernyataanpernyataan tersebut memiliki prospek risiko, ketidakpastian, serta dapat mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. Pernyataan-pernyataan prospektif dalam laporan tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi terkini dan kondisi mendatang Perseroan serta lingkungan bisnis di mana Perseroan menjalankan kegiatan usaha. Perseroan tidak menjamin bahwa dokumen-dokumen yang telah dipastikan keabsahannya akan membawa hasil-hasil tertentu sesuai harapan. Laporan tahunan ini memuat kata “PTPP”, “Perseroan”, dan “Perusahaan” yang didefinisikan sebagai PT PP (Persero) Tbk yang menjalankan bisnis dalam bidang Konstruksi, Engineering Procurement Construction (EPC), Properti, Infrastruktur, Energi, Pracetak dan Hunian MBR serta Kontraktor berbasis Alat Berat. This annual report contains a statement of the financial condition, results of operations, projections, plans, strategies, policies and objectives of the Company, which are classified as forward-looking statements in the implementation of applicable laws and regulations, except for historical matters. These statements have prospects for risk, uncertainty, and may result in actual development materially different from those reported. The prospective statements in this annual report are made on the basis of various assumptions regarding the current and future conditions of the Company and the business environment in which it operates. The Company does not guarantee that the documents that have been verified of its validity will bring certain results as expected. This annual report contains the words “PTPP”, and “Company” defined as PT PP (Persero) Tbk which is engaged in the business of Construction, Engineering Procurement Construction (EPC), Property, Infrastructure, Energy, Precast and Low Cost Residential, Civil Work and Heavy Equipment Rental. 2018 Tentang Laporan Tahunan PT PP (Persero) Tbk About PT PP (Persero) Tbk Annual Report Selamat datang pada Laporan Tahunan 2018 PT PP (Persero) Tbk dengan tema “Fundamental Principle for The Future” Tema tersebut dipilih berdasarkan analisis dan kajian yang mendalam berdasarkan data dan perkembangan bisnis perusahaan sepanjang 2017 serta masa depan keberlanjutan bisnis Perusahaan. Laporan Tahunan 2018 PT PP (Persero) Tbk diterbitkan sesuai dengan Peraturan Otoritas Jasa Keuangan No. 29/POJK.04/2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik dan Surat Edaran Otoritas Jasa Keuangan No. 30/SEOJK.04/2016 Tentang Bentuk dan Isi Laporan Tahunan Emiten Atau Perusahaan Publik. Penyebutan satuan mata uang “Rupiah”, “Rp” atau IDR merujuk pada mata uang resmi Republik Indonesia, sedangkan “Dollar AS” atau USD merujuk pada mata uang resmi Amerika Serikat. Semua informasi keuangan disajikan dalam mata uang Rupiah sesuai dengan Standar Akuntasi Keuangan Indonesia. Laporan Tahunan PTPP 2018 disajikan dalam dua bahasa yaitu Bahasa Indonesia dan Bahasa Inggris dengan menggunakan jenis dan ukuran huruf yang mudah dibaca dan dicetak dengan kualitas yang baik. Laporan Tahunan ini dapat dilihat dan diunduh di website resmi Perseroan yaitu . com Welcome to PT PP (Persero) Tbk 2017 annual report of with the theme “Fundamental Principle for The Future”. This theme is selected based on in-depth analysis and study based on facts and business developments of the Company throughout 2017 and the Company’s business sustainability in the future. The 2018 Annual Report of PT PP (Persero) Tbk was issued in accordance with the Regulation of the Financial Services Authority No. 29/POJK.04/2016 concerning Annual Report of Issuer or Public Company and Circular Letter of the Financial Services Authority No. 30/ SEOJK.04/2016 on Form and Contents of Annual Report of Issuer or Public Company. The denomination of currency units “Rupiah”, “Rp” or IDR refers to the official currency of the Republic of Indonesia, while “US Dollar” or USD refers to the official currency of the United States. All financial information is presented in Rupiah in accordance with Indonesian Financial Accounting Standards. PTPP 2018 Annual Report is presented in two languages, Bahasa Indonesia and English, by using type and letter size that is easy to read and printed with good quality. This Annual Report can be viewed and downloaded on the Company’s official website at PENJELASAN TENTANG SAMPUL Cover Explanation Pada tahun 2018 kami melakukan langkah-langkah dalam upaya memperkokoh landasan fundamental untuk perbaikan yang berkelanjutan. Hal ini kami tempuh melalui perkuatan strategi, operasional, dan SDM. Dari apsek perkuatan strategi terdapat lima isu yang disentuh yaitu: Keuangan dan Pasar, Fokus Pelanggan, Produk dan Proses, serta Fokus Tenaga Kerja. In 2018 we take steps to strengthen the fundamental principle for continuous improvement. We do this through strengthening strategy, operations and HR. From the aspect of strategy strengthening there are five issues we worked on, namely: Finance and Markets, Customer Focus, Products and Processes, and Workforce Focus. Kami bersyukur bahwa strategi dan program yang telah disusun di awal tahun 2018 telah memberikan korelasi terhadap pencapaian kinerja Perseroan yang positif. Diantara capaian penting di tahun 2018 adalah penilaian PTPP sebagai perusahaan yang sehat, tercermin dari tetap terjaganya rasio-rasio keuangan terutama di sisi leverage. Kami juga mampu menghadapi kendala dan tantangan di tahun 2018 dengan baik. We are grateful that the strategies and programs arranged at the beginning of 2018 have provided a correlation to the achievement of positive Company’s performance. Among the important achievements in 2018 is the assessment of PTPP as a healthy company, reflected in the continued maintenance of financial ratios, especially in terms of leverage. We are also able to face obstacles and challenges in 2018 very well. Keberhasilan tersebut tidak terlepas dari kapasitas dan kompetensi dasar SDM yang terus diasah, diantaranya melalui program pelatihan dan sertifikasi. Hal ini sejalan dengan tema pengelolaan SDM Perusahaan yakni “Developing You Is our Priority”. This success is inseparable from the basic capacity and competency of HR that continues to be honed, including through training and certification programs. This is in line with the theme of the Company’s HR management namely “Developing You Is our Priority”. KESINAMBUNGAN TEMA Theme Continuity ACHIEVING FUTURE GROWTH 2017 PT PP (Persero) Tbk terus melakukan pembenahan untuk mewujudkan visi Perseroan menjadi perusahaan konstruksi dan investasi terbesar serta berkelanjutan di kawasan Asia Tenggara. Salah satu fase penting dalam rangka mewujudkan visi tersebut adalah melakukan reorganisasi terhadap anak perusahaan dan lini bisnis Perseroan. Sebagai perusahaan holding, PTPP mensinergikan seluruh lini bisnis dan anak perusahaan agar dapat saling mendukung sehingga dapat meningkatkan daya saing Perseroan. Selain itu, PTPP juga melakukan investasi yang menjadi stimulus bagi perkembangan anak perusahaan agar dapat bersama-sama meraih pertumbuhan yang berkelanjutan di masa depan. PT PP (Persero) Tbk continues to make improvements to realize the Company’s vision of becoming the largest and sustainable construction and investment company in Southeast Asia. One of the important phases in realizing this vision is to conduct reorganization of subsidiaries and lines of business owned by the Company. As a holding company, PTPP synergizes its entire lines of business and subsidiaries for mutual support in order to enhance the Company’s competitive advantages. In addition, PTPP also makes investments as stimulus for subsidiaries’ development aiming to jointly achieve sustainable growth in the future. ACHIEVE NEW PERFORMANCE TOWARDS ASEAN CLASS CONSTRUCTION COMPANY 2016 Setelah sukses melaksanakan Transformasi yang telah berdampak pada perbaikan internal Perseroan serta memberikan manfaat dalam peningkatan kinerja, Kini saatnya PT PP (Persero) Tbk mendorong dan mengarahkan seluruh anak perusahaan dan pemangku kepentingan lainnya dengan melakukan penyempurnaan yang terus menerus terhadap proses bisnis, pengembangan sumber daya manusia dan sistem. PT PP (Persero) Tbk optimis bahwa upaya-upaya ini akan membawa Perseroan menuju pertumbuhan yang kuat dan berkelanjutan serta memberikan manfaat optimum bagi seluruh pemangku kepentingan pada masa sekarang dan yang akan datang. After successfully implementing the Transformation that has impacted the Company’s internal improvements as well as providing bene ts in the increased performance, it is now time for PT PP (Persero) Tbk to encourage and direct all subsidiaries and other stakeholders by making continuous improvements to business processes, human resource development and systems. PT PP (Persero) Tbk is optimistic that these efforts will bring the Company towards a strong and sustainable growth and provide optimum bene ts for all stakeholders in the present and future. Capaian Penting 2018 Important Achievement 2018 triliun trilion Rp 25,12 Rp triliun trilion Pendapatan Usaha PT PP (Persero) Tbk tahun 2018 tumbuh sebesar 16,82%. Revenue of PT PP (Persero) Tbk in 2018 grew by 16.82%. Rp 1.95 Rp triliun trilion The equity of PT PP (Persero) Tbk in 2018 increased by 14,55%. 2,12 triliun trilion Jumlah Penghasilan Komprehensif tahun berjalan PT PP (Persero) Tbk tahun 2018 tumbuh 17,04%. Jumlah Aset PT PP (Persero) Tbk tahun 2018 tumbuh 25,77% dari tahun sebelumnya. Total Assets of PT PP (Persero) Tbk in 2018 grew 25,77% from the previous year. 52,55 triliun trilion Ekuitas PT PP (Persero) Tbk tahun 2018 meningkat sebesar 14,55%. Rp Rp 16,31 triliun trilion Comprehensive Income of PT PP (Persero) Tbk in 2018 grew by 17,04%. Laba Bersih PT PP (Persero) Tbk tahun 2018 tumbuh 13,64%. Net Income of PT PP (Persero) Tbk in 2018 grew by 13,64%. Kilas Kinerja 2018 Tingkat Maturitas Manajemen Risiko Risk Management Maturity Level idA+ Rating PEFINDO untuk Obligasi PT PP (Persero) Tbk tahun 2018 PEFINDO Rating for PT PP (Persero) Tbk Bonds in 2018 3,93 Rp 43,49 triliun trilion Kontrak Baru PT PP (Persero) Tbk tahun 2018 tumbuh 5,89% New Contracts PT PP (Persero) Tbk in 2018 grew 5,89% 92,833 Skor Penilaian GCG PT PP (Persero) Tbk tahun 2018 dengan predikat “Sangat Baik” GCG Assessment Score in 2018 with “Excellent” Predicate PT PP (Persero) Tbk Annual Report 2018 8 DAFTAR ISI Table of Content Sanggahan Dan Batasan Tanggung Jawab Disclaimer And Limitation Of Liability Penjelasan Tentang Sampul Cover Explanation Kesinambungan Tema Theme Continuity Profil Perusahaan Company Profile 62 Identitas Perusahaan Company Identity Daftar Isi Content 64 Sejarah Singkat Ptpp History of Ptpp 66 Pionir Dan Trend Setter Di Sektor Konstruksi We Are The Pioneer And Trend Setter In Indonesia’s Construction Sector 68 Jejak Langkah Milestone 70 Bidang Usaha Line of Business 73 7 Lini Bisnis 7 Business Lines 74 Produk Dan Jasa Yang Dihasilkan Products And Services Produced 86 Logo Dan Filosofinya Logo And Its Philosophy Performance Highlight Ikhtisar Keuangan Statement Of Financial Posititon Laporan Manajemen Management Report 38 Tanggung Jawab Atas Laporan Tahunan Responsibility For 2018 Annual Report Capaian Penting 2018 Important Achievement 2018 Ikhtisar Kinerja 14 62 Dewan Komisaris Board of Commissioners 40 Laporan Dewan Komisaris Board of Commissioners Report 87 46 Direksi Board of Director Tagline Tagline 88 51 Laporan Direksi Board of Director Report Visi & Misi Vision & Mission 89 Budaya/Tata Nilai Perusahaan Corporate Value 90 Kebijakan Perusahaan Company Policy PT PP (Persero) Tbk Laporan Tahunan 2018 9 92 Struktur Organisasi Organizational Structure 144 Struktur Grup Perusahaan Company Group Structure 94 Manajemen Dan Pejabat Senior The Company’s Management And Senior Officials 146 Entitas Anak, Entitas Asosiasi & Cucu Subsidiaries, Association Entities & Second-Tier Subsidiary 98 Profil Dewan Komisaris Profiles Of The Board of Commissioners 152 Peta Sebaran Proyek 2018 Project Distribution Map 2018 104 Profil Direksi Profile of Board Of Directors 155 Informasi Di Website Perusahaan Information On The Company’s Website 110 Profil Komite Profiles of Committees 158 Peristiwa Penting Events Hihglight 112 Profil Pejabat Senior Profile of Senior Officials 162 Penghargaan Award 126 Demografi Karyawan Employee Demography 166 Sertifikasi Certification 129 Program Pengembangan Kompetensi Karyawan Employee Competence Development Program 167 Keanggotaan Membership 114 Pendidikan Dan/Atau Pelatihan Bagi Manajemen Dan Pejabat Senior Education And/Or Training For Management And Senior Officials 138 Struktur & Komposisi Pemegang Saham Structure & Shareholders Composition 141 Pemegang Saham Dengan Kepemilikan 5% Atau Lebih Shareholders With Ownership Of 5% Or More 142 Kepemilikan Saham Oleh Dewan Komisaris Dan Direksi Share Ownership By The Board Of Commissioners And Directors Analisis Dan Pembahasan Manajemen Management And Discussion Analysis 172 Tetap Tumbuh Di Tengah Perubahan Yang Dinamis Constant Growth Amid Dynamic Change Tinjauan Pendukung Bisnis Business Support Review PT PP (Persero) Tbk Annual Report 2018 10 250 Manajemen Sumber Daya Manusia Human Resource Management 339 Penghargaan Gcg Gcg Award 284 Teknologi Informasi Information Technology 339 Mekanisme Gcg Gcg Mechanism 342 Struktur Gcg Gcg Structure 343 Pemegang Saham Utama & Pengendali Main & Controlling Shareholders Tata Kelola Perusahaan Corporate Governance 294 Komitmen Gcg Gcg Commitment 344 Rapat Umum Pemegang Saham General Meetings of Shareholders 295 Kebijakan Gcg Gcg Policy 366 296 Dasar Penerapan Gcg Legal Basis For Gcg Implementation Realisasi Keputusan Rups Tahun Sebelumnya Realization of The Previous Annual Gms Resolutiont 376 298 Prinsip Gcg Gcg Principles Dewan Komisaris Board of Commissioners 428 302 Tujuan Dan Sasaran Goals And Objectives Komisaris Independen Independent Commissioner 431 306 Assessment Gcg Gcg Assessment Direksi Board of Directors 472 315 Rekomendasi & Tindak Lanjut Hasil Assessment Gcg Recommendations And Follow Up of Gcg Assessment Results Kebijakan Remunerasi Dewan Komisaris Dan Direksi Performance Evaluation Of The Board Of Commissioners 487 Komite Di Bawah Dewan Komisaris Committee Under The Board Of Commissioners 487 Komite Audit Audit Committee 504 Komite Gcg & Nominasi Gcg And Nomination Committee 322 322 Pelaksanaan Penerapan Aspek Dan Prinsip Gcg Sesuai Ketentuan Ojk Implementation of Gcg Aspects And Principles In Accordance With Ojk Provisions Implementasi Gcg 2018 & Rencana 2019 Implementation Of 2018 Gcg & 2019 Plan PT PP (Persero) Tbk Laporan Tahunan 2018 11 528 Sekretaris Perusahaan Corporate Secretary 542 Satuan Pengawasan Intern (Spi) Internal Audit Unit (Spi) 561 Manajemen Risiko Risk Management 573 Sistem Pengendalian Internal Internal Control System 594 Kode Etik Code of Conduct 601 Akses Informasi & Data Perusahaan Number Of Code Of Conduct Violations 607 Sistem Pelaporan Pelanggaran Whistleblowing System (Wbs) 616 Perkara Penting & Permasalahan Hukum Litigation & Legal Matters 617 Kebijakan Anti Kkn Anti-Corruption, Collution And Nepotism (Anti Kkn) Policy 618 Pengendalian Gratifikasi Gratification Control Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 624 Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility 627 Tanggung Jawab Sosial Bidang Lingkungan Environmental Responsibility 639 Tanggung Jawab Sosial Bidang Ketenagakerjaan, Kesehatan Dan Keselamatan Kerja (K3) Social Responsibility For Occupational Health And Safety (Ohs) 659 Tanggung Jawab Sosial Bidang Pengembangan Sosial Kemasyarakatan Social Responsibility For Community Social Development 665 Tanggung Jawab Kepada Konsumen Responsibility To Consumers Laporan Keuangan Konsolidasi Consolidate Financial StateMents KRITERIA ARA 01 IKHTISAR KINERJA Performance Highlights Annual Report 2018 Ikhtisar Keuangan Key Financial Highlights Laporan Posisi Keuangan Statement of Financial Posititon Uraian Description Pertumbuhan (Penurunan) Growth (Decline) % 14 Dalam Jutaan Rupiah In Million Rupiah 2018 2017 2016 2015 2014 Rp Aset Lancar Current Assets 25,50% 7.626.634 37.534.483 29.907.849 24.525.611 15.804.797 13.477.332 Aset Tidak Lancar Non-current Assets 26,44% 3.139.736 15.014.668 11.874.932 6.690.060 3.343.238 1.101.823 Investasi pada entitas asosiasi dan ventura Bersama Invest men t in Associated C ompan y 56,95% 674.141 1.857.806 1.183.666 664.136 272.134 147.393 Investasi Jangka Panjang Lainnya Other Long-term Investment 67,52% 255.968 635.082 379.115 174.899 73.799 67.799 Jumlah Aset Total Assets 25,77% 10.766.370 52.549.151 41.782.781 31.215.671 19.148.036 14.579.155 Liabilitas Jangka Pendek Current Liabilities 28,15% 5.825.668 26.522.885 20.697.217 15.865.384 10.780.274 9.418.218 Liabilitas Jangka Panjang Non-current Liabilities 41,92% 2.868.200 9.710.654 6.842.453 4.572.158 3.232.616 2.826.004 Jumlah Liabilitas Total Liability 31,57% 8.693.868 36.233.539 27.539.670 20.437.542 14.012.890 12.224.222 Jumlah Ekuitas Total Equity 14,55% 2.072.501 16.315.612 14.243.110 10.778.129 5.135.146 2.334.933 Jumlah Liabilitas dan Ekuitas Total Equity and Liability 25,77% 10.766.370 52.549.151 41.782.781 31.215.671 19.148.036 14.579.155 Belanja Modal Capital Expenditure (11,75%) (712.427) 5.351.176 6.063.603 1.627.688 130.741 101.675 Modal Kerja Bersih Net Working Capital 19,55% 1.800.966 11.011.598 9.210.632 8.660.226 5.024.523 4.059.114 PT PP (Persero) Tbk 2016 2015 2014 Rp Pendapatan Usaha Revenues 16,82% 3.617.300 25.119.560 21.502.260 16.458.884 14.217.373 12.427.371 Beban Pokok Pendapatan Cost of Revenue 18.21% 3.322.838 (21.573.636) (18.250.798) (14.001.593) (12.210.566) (10.877.659) Laba Kotor G ro s s P ro f i t 9,06% 295.462 3.545.924 3.251.462 2.457.291 2.006.807 1.549.712 Beban Usaha Operating Expenses 26,36% 191.414 (917.519) (726.106) (492.047) (410.232) 281.280 (100.686) (235.959) (135.271) (79.040) (63.955) (81.255) 41.598 - (41.598) - - - Beban Penurunan Nilai Piutang Provision for Impairment Losses on Receivables (74,43%) Beban Penurunan Nilai Persediaan Provision for Inventory Obsolescence - Beban Pendanaan (Bunga) Funding (Interest) Expenses 15,35% (101.088) (759.838) (658.749) (408.740) (372.987) (343.921) Bagian Laba Ventura Bersama Share in Profit of Joint Venture 15,81% 57.112 418.283 361.171 155.068 66.925 71.024 Bagian Laba Entitas Asosiasi Share in Profit of Associates (2391,63%) (63.035) 65.670 2.636 (250) 46 1.375 175.381 614.491 439.110 106.943 121.459 38.370 - 289.994 - - - - Pendapatan Lainnya Other Income 39,94% Beban Lainnya Other Expense - Beban Pajak Final Final Tax Expense (265,49%) (151.482) (208.539) (57.058) (38.570) (61.119) (33.125) Laba Sebelum Pajak Profit Before Tax (25,82%) (166.081) (809.415) (643.335) (534.695) (434.761) (378.125) 11,76% 210.829 2.003.091 ...
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