Hadapi Tantangan Melalui Strategi Bisnis yang Tepat

PT Ayana Land International Tbk

Hadapi Tantangan Melalui Strategi Bisnis yang Tepat

Navigate Any Challenges with An Appropriate Business Strategy

Hadapi Tantangan Melalui Strategi Bisnis yang Tepat

Navigate Any Challenges with An Appropriate Business Strategy

Dalam menghadapi tantangan di masa depan, Perseroan senantiasa melakukan upaya perbaikan melalui serangkaian inisiatif strategi bisnis yang tepat melalui pengembangan properti di daerah potensial, pelaksanaan proyek-proyek berkelanjutan, pemanfaatan cadangan lahan di lokasi strategis, serta pengembangan properti dengan konsep yang unik. Selain itu, Perseroan juga berkomitmen untuk meningkatkan performa bisnis melalui kerja cerdas dari seluruh insan Perseroan dalam menciptakan inovasi dan diversifikasi usaha yang nantinya akan membawa pencapaian yang baik dalam aspek profitabilitas. Ke depannya, Perseroan tetap optimis dalam mewujudkan pertumbuhan yang lebih baik.

In facing any challenges that may appear in the future, the Company continuously make necessary improvement through a series of meticulously prepared business strategy initiatives through property development in potential areas, implementation of sustainable projects, utilization of land reserves in strategic locations, as well as property development with unique concepts. In addition, the Company is also committed to improve its business performance by making sure every employee work smarter in creating innovation and business diversification that will deliver satisfactory profitability achievement. Going forward, the Company remains optimistic to achieve better growth.


Keunggulan KompetitifCompetitive Advantages

Memiliki proyek-proyek berlokasi strategis di berbagai daerah di Indonesia dengan lokasi yang mudah diakses dan dikelola sesuai dengan kebutuhan para pelanggan.

Has strategic-located projects throughout Indonesia that are easily accessible and managed in line with the consumers’ need.

Perseroan membangun setiap proyek dengan konsep yang unik, seperti menggunakan konsep hijau dan konsep tradisional, sehingga memberikan dampak pada ramah lingkungan, serta memberikan pengalaman berbeda pada setiap konsumen.

The Company builds each project with a unique concept, such as using green concept and traditional concept, making it environmentally friendly, and providing a different experience for each consumer.

2 2301 02Lokasi yang Strategis Strategic locations

Konsep Unik di dalam Setiap Proyek Unique Concept at Every Project

2

PT Ayana Land International Tbk Laporan Tahunan 2019

Laporan Manajemen Management Report

Profil Perusahaan Company Profile

Kilas Kinerja Performance at a Glance

Informasi bagi Pemodal Infomation for Investor

Sanggahan dan Batasan Tanggung JawabDisclaimer and Scope of Responsibilities

Perseroan memiliki portofolio proyek yang beragam antara lain hotel, villa, vertical house hingga landed house. Portofolio tersebut memberikan keberlangsungan usaha dalam jangka waktu yang panjang serta adanya recurring income melalui pengelolaan hotel dan villa.

The Company has a diversified project portfolio such as hotel, villa, vertical and landed house. A diversified portfolio will support the Company in having a sustainable business for a long run, and will contribute a recurring income through management of hotel and villa.

2303 Portofolio Proyek yang

Beragam Diverse Project Portfolio

Laporan Tahunan 2019 PT Ayana Land International Tbk (yang selanjutnya disebut Perseroan) ini disusun untuk memenuhi ketentuan pelaporan hasil kinerja Perseroan pada periode 1 Januari 2019 sampai dengan 31 Desember 2019 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.

Laporan Tahunan ini memuat pernyataan terkait tujuan, kebijakan, rencana, strategi, serta hasil operasi dan keuangan yang disusun berdasarkan data faktual yang dapat dipertanggungjawabkan kebenarannya. Selain itu, Laporan Tahunan ini juga menyajikan informasi terkait proyeksi kerja Perseroan di tahun selanjutnya yang disusun berdasarkan pernyataan-pernyataan prospektif dan berbagai asumsi mengenai kondisi mendatang Perseroan, serta lingkungan bisnis yang terkait, sehingga dapat mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. Oleh karena itu, Perseroan menghimbau agar pemangku kepentingan dapat menggunakan informasi tersebut secara bijak dalam pengambilan keputusan.

The 2019 Annual Report of PT Ayana Land International Tbk (hereinafter refer to as Company, is written in order to comply with the regulatory requirement to report the Company’s performance for the period of 1 January 2019 to 31 December 2019. This Annual Report was, among others, published in pursuant to the Financial Services Authority Regulation No. 29/POJK.04/2016 on The Issuers and Public Companies Annual Report and contained material as outlined in Financial Services Authority Circular Letter No. 30/SEOJK.04/2016 concerning the Form and Content of the Issuers and Public Companies Annual Reports.

This Annual Report contains statements related to the objective, policy, plan, strategy, as well as the operational and financial result of the Company that is written based on the accountable factual data. In addition, this Annual Report also presents information related to the Company’s work projection for the following year which is written based on the prospective statements and various assumptions related to future condition of the Company, and relevant business condition, which may develop differently than what is stated in this Annual Report. Therefore, the Company request the stakeholders to use this information for their decision making wisely.

3

2019 Annual Report PT Ayana Land International Tbk

Analisa dan Pembahasan Manajemen Management Discussion and Analysis

Tata Kelola Perusahaan Good Corporate Governance

Tanggung Jawab Sosial PerusahaanCorporate Social Responsibility

Laporan Manajemen / Management ReportProfil Perusahaan / Company ProfileInformasi Bagi Pemodal / Information For InvestorsAnalisis dan Pembahasan Manajemen / Management Discussion and AnalysisTata Kelola Perusahaan / Corporate GovernanceTanggung Jawab Sosial Perusahaan / Corporate Social Responsibility

Daftar IsiTable of Contents

TemaTheme 01

Keunggulan KompetitifCompetitive Advantage 02

Sanggahan dan Batasan Tanggung JawabDisclaimer and Scope of Responsibilities

03

Daftar IsiTable of Contents 04

Kilas KinerjaPerformance at a Glance 08Ikhtisar KeuanganFinancial Highlight

08

Ikhtisar OperasionalOperational Highlight

10

Ikhtisar SahamShare Highlight

10

Peristiwa PentingImportant Events

12

Penghargaan dan SertifikasiAwards and Certifications 12

Laporan ManajemenManagement’s Report 14Laporan Dewan KomisarisBoard of Commissioners’ Report

16

Laporan DireksiBoard of Directors’ Report 20

Profil PerusahaanCompany Profile 24Identitas PerusahaanCompany Identity 26

Riwayat SingkatBrief History 28

Jejak LangkahMilestone 29

Bidang UsahaLines of Business 30

Produk dan Jasa Products and Services 30

Wilayah Operasional Perusahaan The Company’s Operational Area 31

Visi dan Misi Perusahaan The Company’s Vision and Mission 31

Struktur OrganisasiOrganizational Structure 32

Profil Dewan KomisarisProfile of the Board of Commissioners 33

Profil DireksiProfile of the Board of Directors 35

Profil Komite AuditProfile of the Audit Committee 37

Profil Komite Nominasi dan RemunerasiProfile of the Nomination and Remuneration Committee

38

Profil Sekretaris PerusahaanProfile of the Corporate Secretary 39

Profil Unit Audit Internal Profile of the Internal Audit Unit 40

Profil Karyawan Employee’ Profile 41

Struktur KorporasiCorporate Structure 43

Entitas AnakSubsidiary Entities 44

Lembaga Penunjang Pasar ModalCapital Market Supporting Institutions

47

Akses Informasi Access to Information 48

Informasi Bagi PemodalInformation for Investor 50Komposisi Pemegang Saham Composition of Shareholders 52

Komposisi Kepemilikan Saham Dewan Komisaris dan Direksi Composition of the Board of Commissioners and Board of Directors’ Share Ownership

52

Kronologi Pencatatan SahamChronological Listing of Shares 53

Realisasi Penggunaan Dana Hasil Penawaran Umum Realization on the Use of Public Offering Proceeds

53

Struktur Pemegang Saham Utama dan PengendaliMain and Controlling Shareholders’ Structure

54

Program Kepemilikan Saham Karyawan dan/atau ManajemenManagement and/or Employee Stock Ownership Program

54

Kebijakan dan Pembagian Dividen Policy on Dividend and Dividend Distribution

55

Kronologi Pencatatan Efek LainnyaChronological Listing of Other Securities 55

4 Profil Perusahaan Company Profile



Laporan Manajemen Management Report


46

Analisis dan Pembahasan ManajemenManagement Discussion and Analysis

56

Tinjauan Ekonomi dan Industri Economic and Industry Review 58

Tinjauan Operasi per Segmen UsahaOperational Review per Business Segment

59

Tinjauan Keuangan Financial Review 60

Tata Kelola PerusahaanCorporate Governance 74Komitmen Penerapan Tata Kelola Perusahaan Commitment in the Implementation of Corporate Governance Policy

76

Penerapan Pedoman Tata Kelola Perusahaan TerbukaImplementation of Governance Guideline for Public Companies

76

Rapat Umum Pemegang SahamGeneral Meeting of Shareholders 80

Dewan KomisarisBoard of Commissioners 82

DireksiBoard of Directors 86

Remunerasi Dewan Komisaris dan DireksiBoard of Commissioners and Board of Directors’ Remuneration

90

Komite AuditAudit Committee 91

Komite Nominasi dan RemunerasiNomination and Remuneration Committee

94

Sekretaris PerusahaanCorporate Secretary 97

Unit Audit InternalInternal Audit Unit 98

Sistem Pengendalian InternalInternal Control System 100

Sistem Manajemen RisikoRisk Management System 100

Perkara Penting dan Sanksi AdministratifKey Cases and Administrative Sanctions

102

Kode EtikCode of Conduct 102

Sistem Pelaporan PelanggaranWhistleblowing System 103

Tanggung Jawab Sosial PerusahaanCorporate Social Responsibility

106

CSR terhadap Lingkungan HidupResponsibility to Environment 108

CSR terhadap Ketenagakerjaan, Kesehatan, dan Keselamatan KerjaResponsibility to Labor, Health, and Work Safety

109

CSR terhadap Pengembangan Sosial KemasyarakatanResponsibility to Public and Social Affairs

110

CSR terhadap PelangganResponsibility to Consumers 111

Biaya CSRCSR Costs 112

Tanggung Jawab Laporan TahunanAnnual Report Responsibility

113

Tanggung Jawab Laporan TahunanConsolidated Financial Statement

115



Tanggung Jawab Sosial PerusahaanCorporate Social Responsibility 5


6 Laporan Manajemen Management Report





Kilas KinerjaPerformance at a Glance





(dalam ribuan Rupiah)(in thousand Rupiah)

Uraian 2019 2018 2017 2016 DescriptionLaporan Posisi Keuangan Konsolidasian Consolidated Financial Position

Total Aset 1,143,270,654 1,168,208,738 1,300,258,975 890,711,784 Total Assets

Total Aset Lancar 86,739,030 108,276,982 155,383,547 82,066,850 Total Current Assets

Total Aset Tidak Lancar 1,056,531,624 1,059,931,756 1,144,875,428 808,644,935 Total Non-Current Assets

Total Liabilitas 59,912,227 84,303,017 221,391,992 91,803,206 Total Liabilities

Total Liabilitas Jangka Pendek 24,485,227 30,129,017 69,150,734 29,668,356 Total Current Liabilities

Total Liabilitas Jangka Panjang 35,427,000 54,174,000 152,241,257 62,134,850 Total Non-Current Liabilities

Total Ekuitas 1,083,358,427 1,083,905,721 1,078,866,984 798,908,578 Total Equity

Total Liabilitas dan Total Ekuitas

1,143,270,654 1,168,208,738 1,300,258,975 890,711,784 Total Liabilities and Total Equity

Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian Consolidated Profit-Loss and Other Comprehensive Income

Pendapatan 13,356,863 16,297,795 14,490,258 500,000 Revenues

Beban Pokok Pendapatan 2,874,236 (3,807,415) (3,964,985) (300,000) Cost of Revenues

Laba Bruto 10,482,627 12,490,380 10,525,273 200,000 Gross Profit

Beban Penjualan (319,714) (543,800) (1,722,391) - Sales Expense

Beban Umum dan Administrasi (5,571,712) (5,518,070) (6,861,639) (10,000) General and Administration Expenses

Beban Operasional, Pemeliharaan dan Energi (501,060) (347,944) (1,324,282) - Operations & Maintenance

and Energy Expenses

Beban Keuangan (8,915,685) (12,606,174) (21,622,596) - Financial Expenses

Pendapatan Keuangan 4,294,926 4,969,163 955,793 - Financial Income

Lainnya – Neto (18,112) 1,814,152 8,247 - Others – Net

Laba (Rugi) Sebelum Beban Pajak Penghasilan (548,730) 257,707 (20,041,594) 190,000 Profit (Loss) Before

Income Tax Expense

Pajak Penghasilan - - (23,750) (23,750) Income Tax

Laba (Rugi) Tahun Berjalan yang dapat Diatribusikan kepada:

(548,730) 257,707 (20,065,344) 166,250 Profit (Loss) of the Current Year Attributable to:

Pemilik Entitas Induk (392,327) 2,839,937 (17,375,466) 166,250 Holders of the Parent Entity

Kepentingan Nonpengendali (156,403) (2,582,230) (2,666,128) - Non-Controlling Entity

Laba (Rugi) Komprehensif Tahun Berjalan yang dapat Diatribusikan kepada:

(548,730) 257,707 (20,065,344) 166,250Comprehensive Profit

(Loss) for the Year Attributable to:

Pemilik Entitas Induk (392,327) 2,839,937 (17,375,466) 166,250 Holders of the Parent Entity

Kepentingan Nonpengendali (156,403) (2,582,230) (2,666,128) - Non-Controlling Entity

Laba (Rugi) per Saham - Dasar (Rupiah penuh)

(0.04) 0.26 (1.89) 9.30 Profit (Loss) per Share – Basic

Laba (Rugi) per Saham - Dilusian (Rupiah penuh)

(0.04) 0.26 (1.89) - Profit (Loss) per Share – Diluted

Laporan Arus Kas Konsolidasian Consolidated Cash Flow

Arus Kas dari Aktivitas Operasi 4,015,541 (18,435,233) (20,997,273) 138,459 Cash Flow From Operating Activities

Arus Kas dari Aktivitas Investasi 24,981,139 (26,419,155) (477,793,203) (549,574,454) Cash Flow From Investing Activities

Arus Kas dari Aktivitas Pendanaan (24,994,564) 47,774,482 420,806,323 630,320,218 Cash Flow From (For) Financing Activities

Ikhtisar Keuangan Financial Highlights






Rasio Keuangan (dalam %) Financial Ratios (in %)

Rasio Laba Profit Ratios

Laba (Rugi) terhadap Pendapatan (4.11) 1.58 (138.47) 33.25 Return on Income

Laba (Rugi) terhadap Total Aset (0.05) 0.02 (1.54) 0.02 Return on Total Assets

Laba (Rugi) terhadap Total Ekuitas (0.05) 0.02 (1.86) 0.02 Return on Total Equity

Rasio Solvabilitas Solvency Ratios

Total Liabilitas terhadap Total Ekuitas

5.53 7.78 20.52 11.49 Total Liabilities to Total Equity

Total Liabilitas terhadap Total Aset

5.24 7.22 17.03 10.31 Total Liabilities to Total Assets

Total Pendapatan terhadap Aset 1.17 1.40 1.11 0.06 Total Revenues to Assets

Rasio Likuiditas Liquidity Ratios

Rasio Lancar 354.25 359.38 224.70 276.61 Current Ratio

Total AsetTotal Assets(dalam ribuan Rupiah / in thousand Rupiah)

2017

1,300,258,975

2016

890,711,784

1,168,208,738

2018

1,143,270,654

2019 2016

798,908,578

2017

1,078,866,9841,083,905,721

2018

1,083,358,427

2019

Total EkuitasTotal Equity(dalam ribuan Rupiah / in thousand Rupiah)

2016166,250

2017

(20,065,344)

257,707

2018

(548,730)

20192016500,000

2017

14,490,258

16,297,795

2018

13,356,863

2019

PendapatanRevenues(dalam ribuan Rupiah / in thousand Rupiah)

2016200,000

2017

10,525,27312,490,380

2018

10,482,627

2019

Laba BrutoGross Profit(dalam ribuan Rupiah / in thousand Rupiah)

2017

221,391,992

2016

91,803,206 84,303,017

2018

59,912,227

2019

Total LiabilitasTotal Liabilities(dalam ribuan Rupiah / in thousand Rupiah)

Laba (Rugi) Tahun BerjalanProfit (Loss) of the Current Year(dalam ribuan Rupiah / in thousand Rupiah)





Ikhtisar Operasional Operational Highlight

(Dalam Ribuan Rupiah)(In Thousand Rupiah)

Uraian 2019 2018 2017* 2016 Description

Pendapatan Usaha Revenues

Hotel 2,506,863 3,297,795 13,990,258 - Hotel

Apartemen - - - 500,000 Apartments

Lainnya 10,850,000 13,000,000 500,000 - Others

Jumlah 13,356,863 16,297,795 14,490,258 500,000 Total

Ikhtisar SahamShare Highlight

PeriodePeriod

Harga Terendah

Lowest Price

Harga TertinggiHighest

Price

Harga PenutupanClosing Price

Volume Transaksi

Trading volume

Jumlah Saham Beredar

Total outstanding

shares

Kapitalisasi PasarMarket

capitalization

(Rp) (Rp) (Rp) (Lembar)(Shares)

(Lembar)(Shares) (Rp)

2019Januari / January 610 615 610 272,757,600 11,004,915,722 166,382,136,000

Februari / February 595 615 600 88,919,800 11,004,915,722 53,351,880,000

Maret / March 595 685 665 49,858,400 11,004,929,322 33,155,836,000

April / April 615 675 645 64,907,700 11,004,929,322 41,865,466,500

Mei / May 625 740 670 134,120,200 11,004,929,322 89,860,534,000

Juni / June 660 700 690 56,513,200 11,004,929,322 38,994,108,000

Juli / July 620 715 660 476,490,900 11,004,929,322 314,483,994,000

Agustus / August 640 745 745 81,312,100 11,004,929,322 60,577,514,500

September / September 735 790 785 73,221,900 11,004,929,322 57,479,191,500

Oktober / October 770 805 780 131,288,700 11,004,929,322 102,405,186,000

November / November 605 780 655 107,851,300 11,004,929,322 70,642,601,500

Desember / December 590 725 725 8,219,900 11,004,929,322 5,959,427,500






PeriodePeriod

Harga Terendah

Lowest Price

Harga TertinggiHighest

Price

Harga PenutupanClosing Price

Volume Transaksi

Trading volume


Total outstanding

shares

Kapitalisasi PasarMarket

capitalization

(Rp) (Rp) (Rp) (Lembar)(Shares)

(Lembar)(Shares) (Rp)

2018

Januari / January 416 428 426 2,706,700 11,001,000,000 4,686,426,000,000

Februari / February 374 428 374 2,164,500 11,003,548,462 4,115,327,124,788

Maret / March 350 422 422 1,898,700 11,003,548,462 4,643,497,450,964

April / April 410 428 410 752,900 11,003,548,462 4,511,454,869,420

Mei / May 388 430 388 6,368,500 11,003,548,462 4,269,467,828,056

Juni / June 382 412 412 2,394,000 11,003,909,322 4,533,610,640,664

Juli / July 406 430 428 45,548,900 11,003,909,352 4,709,673,202,656

Agustus / August 420 430 426 36,993,800 11,003,909,352 4,687,665,383,952

September / September 426 615 595 89,745,700 11,004,910,442 6,547,921,712,990

Oktober / October 585 610 600 66,605,500 11,004,913,742 6,602,948,245,200

November / November 600 605 600 3,683,200 11,004,915,642 6,602,949,385,200

Desember / December 590 635 610 346,053,300 11,004,915,642 6,712,998,541,620

00

50,000,000

100,000,000

150,000,000

200,000,000

250,000,000

300,000,000

100

200

300

400

500

600

700

800

900

JanFe

bMar

AprMei

Jun JulAgs Se

pOkt

NovDes Jan

Feb

MarApr

MeiJun Jul

Ags Sep

OktNov

Des

Volume Perdagangan (Lembar Saham)Trade Volume (Shares)

Harga Penutupan (Rp)Closing Price (Rp)

2018Volume Perdagangan (Lembar Saham)Trade Volume (Shares)

Harga Penutupan (Rp)Closing Price (Rp)

2019





Peristiwa Penting Key Events

Penghargaan dan Sertifikasi Awards and Certifications

Perseroan mengadakan Rapat Umum Pemegang Saham Tahunan dan Luar Biasa di Ritz Carlton Hotel, Jakarta.

Perseroan melakukan perpindahan lokasi Kantor Pusat dari Jl. Prawirotaman II No. 629, Brontokusuman,

Mergangsan, Yogyakarta ke Jl. Raya Cendrawasih No. 88, Kerobokan Kelod, Kuta Utara, Badung, Bali.

The Company moved its Head Office from Jl. Prawirotaman II No. 629, Brontokusuman, Mergangsan,

Yogyakarta to Jl. Raya Cendrawasih No. 88, Kerobokan Kelod, Kuta Utara, Badung, Bali.

The Company held Annual and Extraordinary General Meeting of Shareholders at the Ritz Carlton Hotel, Jakarta.

29 Mei 2019

29 May 2019

27 Agustus 2019

27 August 2019

Sampai dengan tahun 2019, Perseroan belum memiliki penghargaan dan sertifikasi.

Until 2019, the Company have not received any awards nor obtain any certifications.

Aksi Korporasi

Sepanjang tahun 2019, Perseroan telah melakukan konversi Waran Seri I sebanyak 13.680 lembar saham, sehingga total saham beredar yang tercatat di Bursa Efek Indonesia sebanyak 11.004.929.322 lembar saham. Selain itu, Perseroan tidak melaksanakan aksi korporasi lain, baik dalam bentuk pemecahan saham, penggabungan saham, dividen saham, saham bonus, maupun perubahan nilai nominal saham.

Corporate Actions

In 2019, the Company has converted Series I Warrants amounted to 13,680 shares, thus making the total outstanding shares listed on the Indonesia Stock Exchange to 11,004,929,322 shares. Aside from it, the Company did not carry out any other corporate actions, either in the form of stock splits, reverse stock splits, stock dividends, bonus shares, or changes in the share nominal value.






Laporan ManajemenManagement Report





Laporan Dewan KomisarisBoard of Commissioners’ Report

Perseroan senantiasa memposisikan diri sebagai perusahaan yang terus menerus menerapkan inovasi dan kreativitas produk.

“The Company always positions itself as a company that continuously made numerous product innovation and creativity”

Catur PriantoKomisaris Utama

President Commissioner






Pemegang Saham dan Pemangku Kepentingan yang terhormat,

PT Ayana Land International Tbk merupakan perusahaan yang bergerak di bidang perhotelan yang mengutamakan keunikan produk dan kepuasan pengalaman tamu. Perseroan senantiasa memposisikan diri sebagai perusahaan yang terus menerus menerapkan inovasi dan kreativitas produk, sehingga siap menghadapi kompetisi yang semakin ketat. Bentuk pengelolaan Perseroan di sepanjang tahun 2019 tersebut, kami sampaikan dalam Laporan Dewan Komisaris ini.

Penilaian terhadap Kinerja Direksi

Kami mengapresiasi kinerja Direksi dalam menjalankan fungsi pengelolaan perusahaan di tahun 2019. Bagi kami, Direksi dapat memahami arah segmen pasar yang ditargetkan, sehingga dapat menyesuaikan kebijakan yang akan ditempuh Perseroan. Meskipun demikian, kami perlu memberikan koreksi dan masukan bagi Direksi untuk terus meningkatkan kualitas dan strategi implementasi kebijakan agar imbal hasil yang diberikan benar-benar berdampak signifikan bagi Perseroan, Pemegang Saham, dan pemangku kepentingan. Kami berharap agar tahun 2019 ini dapat menjadi titik balik bagi pertumbuhan positif Perseroan di periode selanjutnya.

Pengawasan terhadap Implementasi Strategi Perusahaan

Kami memandang bahwa Direksi telah melakukan berbagai langkah strategis dalam menghadapi tantangan persaingan hotel ekonomis yang kian ketat. Tantangan ini termasuk upaya meningkatkan pengetahuan manajemen dan karyawan sesuai dengan dinamika industri perhotelan, didukung oleh pemahaman tentang media sosial. Direksi juga telah melihat potensi pasar untuk memperkuat kinerja Perseroan secara menyeluruh. Kami tetap meyakini bahwa keputusan-keputusan investasi yang ditempuh Direksi hingga tahun 2019 akan memberikan manfaat positif di tahun-tahun mendatang.

Dear Esteemed Shareholders and Stakeholders,

PT Ayana Land International Tbk is a company engages in the hospitality business that prioritizes product uniqueness and a satisfactory guest experience. The Company always positions itself as a company that continuously made numerous product innovation and creativity, ready to navigate increasingly fierce competition. We would like convey the management of this Company throughout 2019 in this Board of Commissioners Report.

Evaluation on the Board of Directors’ PerformanceWe appreciate everything the Board of Directors has done in carrying out the Company’s management functions in 2019. We believe the Board of Directors has appropriately perceived the direction of the targeted market segments, thus making appropriate adjustment to the policies implemented by the Company. Nevertheless, we always ready to provide recommendation and inputs for the Board of Directors to continue improve the quality and strategy in implementing the policy to yield benefit that have significant impact on the Company, Shareholders and stakeholders. We hope that 2019 shall be the turning point for the Company’s positive growth in the next period.

Supervision on the Implementation of the Corporate Strategy

We believe that the Board of Directors has taken various strategic steps in facing the challenges of an increasingly fierce budget hotel competition. These challenges include efforts to improve the Management and employee’s knowledge to always keep up with the dynamics of the hospitality industry, supported by an advance understanding of the social media. The Board of Directors has also seen the market potential to improve the Company’s overall achievement. We still believe that investment decisions made by the Board of Directors through 2019 will provide positive benefits in the coming years.





Pandangan atas Prospek Usaha

Kami menilai penyusunan target pertumbuhan Perseroan dan strategi bisnis yang dilakukan Direksi telah sesuai dengan kondisi internal Perseroan dan juga potensi ekonomi Indonesia secara umum. Pada tahun 2020, Perseroan telah menetapkan target pertumbuhan pendapatan di bawah 30%, mengingat kondisi ketidakpastian yang disebabkan oleh pandemi virus Covid-19 sejak awal tahun 2020. Kami mendukung pandangan Direksi atas prospek usaha Perseroan tersebut dan juga langkah strategis yang telah ditetapkan.

Pandangan atas Penerapan Tata Kelola Perusahaan yang Baik

Implementasi tata kelola perusahaan yang baik (GCG) merupakan elemen penting yang dibutuhkan untuk menjadikan Perseroan sebagai perusahaan jasa perhotelan yang mampu memberikan nilai tambah bagi seluruh pemangku kepentingan. Penerapan GCG di lingkungan Perseroan dilakukan oleh seluruh pihak di seluruh jenjang jabatan dengan mengacu kepada peraturan dan perundang-undangan yang berlaku. Secara bertahap, Perseroan juga mengembangkan struktur dan mekanisme GCG yang dapat meningkatkan nilai Perseroan secara kompetitif dan berkualitas.

Frekuensi dan Cara Memberikan Nasihat kepada Direksi

Sepanjang tahun 2019, Dewan Komisaris secara konsisten memantau kinerja Perseroan serta menyampaikan pendapat dan rekomendasi kepada Direksi secara terbuka melalui rapat gabungan yang diselenggarakan selama tahun 2019. Pendapat dan rekomendasi yang kami sampaikan didasari pada hasil penelaahan terhadap laporan berkala yang disampaikan Direksi dan organ pendukung di bawahnya. Laporan tersebut telah ditelaah bersama dengan komite pendukung Dewan Komisaris agar pendapat dan rekomendasi yang dihasilkan memiliki kualitas yang diperlukan oleh Direksi.

Overviews on Business Prospects

Based on our evaluation, the preparation of the Company’s growth targets and business strategies made by the Board of Directors already in conformity with the Company’s internal conditions and also the potential for the Indonesian economy in general. For 2020, the Company has set a revenue growth target just below 30%, given the uncertainty caused by the Covid-19 virus pandemic since early 2020. We support the Board of Directors’ views of the Company’s business prospects and also the strategic steps that have been set.

Overview on the Implementation of Good Corporate Governance

The implementation of good corporate governance (GCG) is an important element needed to make the Company a hospitality company that is able to provide added value for all stakeholders. The implementation of GCG within the Company must be carried out by all parties at all levels by referring to the applicable laws and regulations. Gradually, the Company also establishes GCG structures and mechanisms that can increase the Company’s value in a competitive and quality manner.

Frequency and Method in Providing Advice to the Board of Directors

Throughout 2019, the Board of Commissioners consistently monitored the Company’s performance and conveyed opinions and recommendations to the Board of Directors through joint meetings. Our opinions and recommendations are based on the review of periodic reports submitted by the Board of Directors and its supporting organs. The report has been reviewed together with the Board of Commissioners’ supporting committees thus the opinions and recommendations produced have the qualities needed by the Board of Directors.






Perubahan Komposisi Dewan Komisaris

Komposisi anggota Dewan Komisaris tidak mengalami perubahan pada tahun 2019. Komposisi Dewan Komisaris telah sesuai dengan kebutuhan dan kompleksitas usaha Perseroan saat ini.

Penutup

Mengakhiri laporan ini, kami menyampaikan terima kasih kepada Direksi dan karyawan atas kerja keras dan komitmen terhadap pencapaian tujuan Perseroan di sepanjang tahun 2019. Terima kasih juga kami sampaikan kepada para Pemegang Saham dan seluruh pemangku kepentingan atas dukungan yang telah diberikan kepada Perseroan. Kami yakin Perseroan masih memiliki potensi bisnis yang besar dalam menciptakan nilai secara berkelanjutan.

Changes in the Composition of the Board of Commissioners

The composition of the Board of Commissioners members did not experience any changes in 2019. The composition of the Board of Commissioners is already in accordance with the needs and complexity of the Company’s current business.

Closing

To cap off this report, we would like to thank the Board of Directors and employees for their hard work and commitment in achieving the Company’s goals throughout 2019. We also would like to express our gratitude to the Shareholders and all stakeholders for the unconditional support given to the Company. We believe the Company still has great business potential in creating value on an ongoing basis.



Atas nama Dewan KomisarisPT Ayana Land International Tbk,

On behalf of the Board of CommissionersPT Ayana Land International Tbk,





Laporan DireksiBoard of Directors’ Report

Perseroan juga berupaya menerapkan strategi untuk memacu pertumbuhan Perseroan melalui diversifikasi portofolio usaha baru.

“The Company also seeks to implement new strategies to spur our growth through diversification of new business portfolios.”

Erwin Kusnadi Direktur Utama

President Director






Pemegang Saham dan Pemangku Kepentingan yang terhormat,

PT Ayana Land International Tbk berhasil melewati tahun 2019 dengan pertumbuhan kinerja yang cukup baik di tengah berbagai tantangan ekonomi makro dan mikro, termasuk di bidang perhotelan dan pariwisata. Iklim bisnis perhotelan di Indonesia terus berubah dari waktu ke waktu. Kehadiran ekonomi digital turut berkontribusi terhadap perkembangan industri ini. Teknologi informasi dan ekonomi digital semakin memperkuat bisnis perhotelan yang didukung dengan perubahan perilaku atau budaya. Pariwisata dan perjalanan juga telah menjadi kebutuhan dan gaya hidup bagi sebagaian besar masyarakat di dunia, tidak hanya Indonesia.

Kinerja Industri dan Perseroan di Tahun 2019

Pada tahun 2019, industri pariwisata di Indonesia, khususnya perhotelan, terus mengalami peningkatan. Hal ini tercermin dengan kunjungan wisatawan yang terus meningkat dari tahun ke tahun. Berdasarkan data dari Badan Pusat Statistik, kunjungan wisatawan mancanegara (wisman) ke Indonesia mencapai 16,11 juta kunjungan di tahun 2019, naik 1,88% dibandingkan tahun sebelumnya sebesar 15,81 juta kunjungan.

Meskipun demikian, tingginya persaingan menyebabkan pertumbuhan industri pariwisata tidak berpengaruh cukup kuat terhadap kinerja Perseroan. Hingga akhir tahun 2019, Perseroan membukukan pendapatan sebesar Rp13,36 miliar, turun 18,04% dibandingkan tahun sebelumnya sebesar Rp16,30 miliar. Hal ini berdampak pada penurunan laba tahun berjalan dari Rp257,71 miliar di tahun 2018 menjadi rugi Rp548,73 miliar di tahun 2019. Pencapaian ini menjadi dasar kuat bagi Perseroan untuk mengupayakan performa yang lebih baik dalam memperbaiki kinerja keuangan dan operasional ke depannya.

Tantangan dan Strategi

Industri perhotelan merupakan salah satu industri yang kompetitif karena pelaku usaha di industri ini menghadapi persaingan yang tinggi di sisi harga dan kualitas layanan

Dear Esteemed Shareholders and Stakeholders,

PT Ayana Land International Tbk has successfully navigate through a difficult 2019 with good performance growth amidst various macro and microeconomic challenges, which also occurred in the hospitality and tourism sectors. The hospitality business climate in Indonesia continues to dynamically change from time to time. The presence of the digital economy has contributed to the development of this industry. Information technology and digital economy are increasingly strengthening hospitality businesses that are supported by changes in behavior or culture. Tourism and travel have also become a necessity and lifestyle for most people in the world, not only Indonesia.

Industry and Company Performance in 2019

In 2019, the tourism industry in Indonesia, especially in hospitality sector, has enjoying a good improvement. This was reflected by tourist visits that continue to increase from year to year. Based on data from the Statistics Indonesia, foreign tourist arrivals to Indonesia reached 16.11 million visits in 2019, increased by 1.88% compared to the previous year at 15.81 million visits.

The high level of competition, however, caused the growth of the tourism industry did not have a strong impact on the Company’s performance. As of the end of 2019, the Company recorded revenue of Rp13.36 billion, actually decreased by 18.04% compared to the previous year at Rp16.30 billion. This consequently has an impact on the decline in profit for the current year from Rp257.71 billion in 2018 to a loss for the current year amounted to Rp548.73 billion in 2019. This loss will become a strong motivation for the Company to work harded to achieve better performance by improving financial and operational performance going forward.

Challenges and Strategies

The hospitality industry is one of the most competitive industries because players in this industry face fierce competition in terms of price and quality of services.





yang diberikan. Oleh karena itu, Perseroan harus terus menjaga kualitas layanan kepada pelanggan dan berupaya mengadakan program promosi-promosi yang menarik dengan tujuan mendapatkan pelanggan baru.

Perseroan juga berupaya menerapkan strategi untuk memacu pertumbuhan Perseroan melalui diversifikasi portofolio usaha baru. Perseroan juga memperkuat sumber daya manusia, sistem informasi, dan teknologi. Penetapan strategi pemasaran yang tepat dalam pengelolaan dan pengembangan properti juga dilakukan untuk menunjang pertumbuhan dan keberlanjutan usaha Perseroan dalam jangka panjang.

Prospek Usaha Tahun 2020

Perseroan terus meningkatkan lini bisnis dengan tetap mengedepankan inovasi dan kehati-hatian berdasarkan selera dan target pasar. Perseroan akan memberikan pelatihan secara berkesinambungan kepada karyawan sebab karyawan menjadi ujung tombak keberhasilan usaha saat ini. Selain itu, manajemen akan terus memantau dan mengantisipasi dampak dari penyebaran virus Covid-19 terhadap kinerja keuangan konsolidasian dan proses operasional Perseroan dan Entitas Anak pada tahun 2020.

Penerapan Tata Kelola Perusahaan

Merupakan keyakinan kami bahwa kunci dari kesuksesan Perseroan dalam membangun usaha adalah penerapan tata kelola yang baik (GCG). Perseroan terus berupaya untuk mematuhi semua peraturan perundang-undangan yang berlaku. Bagi Perseroan, integritas merupakan hal yang selalu dijunjung tinggi dan menjadi dasar dari semua yang kami lakukan, sehingga dari dasar tersebut dapat tercipta suatu kerja sama, baik antar insan Perseroan maupun dengan para pemangku kepentingan dan masyarakat secara luas.

Therefore, the Company must continue to maintain the service quality to the customers and provides attractive promotional programs with the aim of getting new customers.

The Company also seeks to implement new strategies to spur our growth through diversification of new business portfolios. The Company continues to strengthens human resources, information systems and technology. The determination of an appropriate marketing strategy in the management and development of property is also carried out to support the growth and sustainability of the Company’s business in the long run.

Business Prospects for 2020

The Company continues to improve its business lines while prioritizing innovation and prudence based on the market target and preference. The Company will provide ongoing training to the employees because employees are spearheading the success of the business today. In addition, the Management will continue to monitor and anticipate the impact of the spread of the Covid-19 virus on the consolidated financial performance and operational processes of the Company and Subsidiaries in 2020.

The Implementation of Corporate Governance

It is our belief that the key to the Company’s success in building a successful business is the implementation of Good Corporate Governance (GCG). The Company continues to comply with all applicable laws and regulations. For the Company, integrity has been and will always be our number one priority and is the basis of everything we do, so from that basis we can create cooperation, amongst our people and with the stakeholders as well as with the wider community.






Perubahan Susunan Direksi

Komposisi anggota Direksi tidak mengalami perubahan pada tahun 2019. Komposisi Direksi saat ini telah sesuai dengan kebutuhan dan kompleksitas usaha Perseroan.

Penutup

Kami menyampaikan terima kasih kepada Dewan Komisaris untuk nasihat dan rekomendasi serta kepada seluruh karyawan untuk dedikasi dan kerja keras mereka, sehingga Perseroan dapat melewati kondisi industri perhotelan yang masih menantang di tahun 2019. Kami terus mengupayakan yang terbaik agar Perseroan mampu melanjutkan kelangsungan usaha di tahun 2020 guna mewujudkan visi yaitu menjadi pengembang dan pengelola properti yang inovatif dan berkesinambungan.

Changes in the Composition of the Board of Directors

The composition of the Board of Directors did not experience any changes in 2019. The current composition of the Board of Directors is in accordance with the needs and complexity of the Company’s business.

Closing

We would like to thank the Board of Commissioners for their advice and recommendations as well as to all employees for their dedication and hard work, supporting the Company in overcame the challenging conditions in the hospitality industry in 2019. We continue to strive for the best so the Company will be able to sustain business continuity in 2020 to realize the vision of being an innovative and sustainable developer and property management.


President Director

Atas nama DireksiPT Ayana Land International Tbk,

On behalf of the Board of DirectorsPT Ayana Land International Tbk,





Profil PerusahaanCompany Profile





Identitas PerusahaanCompany Identity

Nama Perusahaan PT Ayana Land International Tbk

Alamat Kantor PusatAddress of Head Office

Jl. Raya Cendrawasih No. 88AKerobokan Kelod, Kuta UtaraBadung, Bali, 80361T : (0361) 8499595E : [email protected] : www.ayanaland.com

Tanggal PendirianDate of incorporation

27 Februari 2014 27 February 2014

Bidang UsahaLine of Business

Pembangunan properti dan perhotelan Property and hotel development

Dasar Hukum PendirianLegal base of incorporation

Didirikan dengan nama PT Gatra Wibawa Sejati berdasarkan Akta No. 157 tanggal 27 Februari 2014 dihadapan Notaris Humberg Lie, SH, SE, MKn yang telah mendapatkan pengesahan dari Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusan No. AHU-13466.AH.01.01. Tahun 2014 tanggal 14 April 2014.Incorporated under the name of PT Gatra Wibawa Sejati pursuant to Deed of Notary Public Humberg Lie, SH, SE, MKn endorsed by Ministry of Law and Human Rights of the Republic of Indonesia in Decree No. AHU-13466.AH.01.01.Tahun 2014 dated 27 February 2014.

Dasar Hukum Perubahan Nama Legal base of change of name

Menjadi PT Ayana Land International Tbk berdasarkan Akta Pernyataan Keputusan Para Pemegang Saham No. 133 tanggal 22 Desember 2016 oleh Notaris Ardi Kristiar, SH, MBA.Became PT Ayana Land pursuant to Deed of resolution of shareholders No. 133 dated 22 December 2016 by Notary Public Ardi Kristiar, SH, MBA.






Nama Perusahaan PT Ayana Land International Tbk

Modal DasarAuthoized capital

Rp3,200,000,000,000,-

Modal Ditempatkan dan Disetor PenuhSubscribed and fully paid-in capital

Rp1,100,492,932,200,-

Jumlah Karyawan (termasuk Entitas Anak)Total employees (including Subsidiaries) 15 orang / 8 orang /

people people

Tanggal Pencatatan Saham Date of share listing

7 Agustus 2017 7 August 2017

Lembaga Pencatatan dan Perdagangan Saham Share listing and trading agency

Bursa Efek Indonesia Jakarta Stock Exchange Building Tower IJl. Jend. Sudirman Kav. 52 – 53Jakarta, 12190

Kode SahamTicker Code

NASA

Komposisi Pemegang SahamShareholders’ Composition

PT Sinar Cemerlang Jayaraya : 42.71%PT Abadi Usaha Jayaraya : 5.38%Masyarakat / Public (<5%) : 51.91%





PT Ayana Land International Tbk didirikan pertama kali pada tahun 2014 dengan nama PT Gatra Wibawa Sejati yang berkedudukan di Jakarta yang berfokus pada bidang pembangunan properti dan perhotelan. Nama tersebut kemudian mengalami perubahan menjadi PT Ayana Land International pada tahun 2016. Perubahan nama ini disertai dengan perubahan kedudukan ke kota Daerah Istimewa Yogyakarta.

Seiring dengan perkembangan usaha, pada 7 Agustus 2017, Perseroan berhasil mencatatkan saham untuk pertama kalinya di Bursa Efek Indonesia dan mengubah status perusahaan menjadi perusahaan terbuka dengan kode saham: NASA. Sampai saat ini, Perseroan telah memiliki beberapa proyek pembangunan properti dan perhotelan yang berlokasi strategis di berbagai daerah di Indonesia dengan lokasi proyek yang dapat mudah diakses dan dikelola sesuai dengan kebutuhan para pelanggan.

Perseroan mengutamakan daerah wisata untuk proyek berkelanjutan, seperti apartemen dan perumahan di Bali. Sedangkan, untuk hunian vertikal dan landed house, wilayah proyek yang dipilih dan dikelola Perseroan dekat dengan akses transportasi umum, seperti kereta api dan jalan tol. Perseroan juga memiliki proyek-proyek untuk dijual, sehingga mempengaruhi perolehan profit yang lebih seimbang dan berkelanjutan.

Dalam menjalankan kegiatan usahanya, Perseroan terus berinovasi untuk mempertahankan kelangsungan usaha berkelanjutan. Inovasi diwujudkan dalam proses pemilihan lokasi yang strategis, mengusung konsep unik, dan portofolio proyek yang beragam.

PT Ayana Land International Tbk was first incorporated in 2014 under the name of PT Gatra Wibawa Sejati based in Jakarta which focuses on property and hotel development. The name was later changed to PT Ayana Land International in 2016. This name change was accompanied by change in Head Office location to Special Region of Yogyakarta.

Along with the business development, the Company successfully listed its shares for the first time on the Indonesia Stock Exchange on 7 August 2017 and changed the status of the Company to a Public Company with ticker code: NASA. Until now, the Company has a number of property and hotel development projects strategically located in various regions in Indonesia that can be easily accessed and managed according to the consumer’s needs.

The Company prioritizes tourist areas for sustainable projects, such as apartments and housing in Bali. Meanwhile, for vertical housing and landed houses, the project area chosen and managed by the Company is the ones that close to public transportation access, such as trains and toll roads. The Company also has projects for sale, thereby affecting a more balanced and sustainable profitability.

In carrying out its business activities, the Company continues to innovate to maintain sustainable business continuity. Innovation is realized by choosing strategic locations, featuring a unique concept, and a diverse project portfolio.

Riwayat SingkatBrief History






Jejak Langkah Milestone

201427 Februari / FebruaryDidirikan dengan nama PT Gatra Wibawa Sejati.

Incorporated under the name PT Gatra Wibawa Sejati.

201731 Juli / JulyMemperoleh pernyataan efektif dari Otoritas Jasa Keuangan untuk melakukan penawaran umum perdana kepada masyarakat (initial public offering).

Received an effective statement from the Financial Service Authorities to undertake Initial Public Offering (IPO).

7 Agustus / AugustMelaksanakan pencatatan seluruh saham dan Waran Seri I pada Bursa Efek Indonesia.

Listed all shares and Warrants Series I in the Indonesia Stock Exchange.

201927 Agustus / AugustMengubah kedudukan dari Yogyakarta ke Bali.

Changed its location from Yogyakarta to Bali.

201621 Desember / DecemberMendirikan Entitas Anak, yaitu PT Ayana Property International dan PT Ayana Hotel Indonesia.

Established two Subsidiaries, i.e. PT Ayana Property International and PT Ayana Hotel Indonesia.

22 Desember / DecemberMengubah nama menjadi PT Ayana Land International dan mengubah kedudukan dari Jakarta Selatan ke Yogyakarta.

Changed its name to PT Ayana Land International and moved its domicile from South Jakarta to Yogyakarta.

201819 Desember / DecemberMelakukan penandatanganan akuisisi PT Andara Indonesia melalui Entitas Anak.

Signed the acquisition of PT Andara Indonesia via a Subsidiary.





Bidang Usaha Line of Business

Sesuai Anggaran Dasar Perseroan Pasal 3, ruang lingkup kegiatan usaha Perseroan mencakup bidang pembangunan, jasa, perdagangan dan industri. Dengan mengacu pada ketentuan tersebut, kegiatan usaha yang sedang dijalankan oleh Perseroan adalah jasa manajemen, serta melakukan kegiatan investasi melalui Entitas Anak.

Produk dan Jasa Products and Services

Sampai tahun 2019, Perseroan memiliki sejumlah unit usaha berupa Apartemen, Boutique Hotel, Boutique Villa, dan Pemukiman yang dijalankan oleh Entitas Anak. Unit usaha tersebut meliputi:

Apartment dan BoutiqueApartment and

Boutique

Nama Name

UraianDescription

Apartemen The Ayana The Ayana merupakan vertical housing yang berlokasi di Bintaro. The Ayana akan memiliki 3 tower hunian dengan fasilitas yang memadai. Lokasi The Ayana juga sangat strategis, fasilitas beraneka ragam, dan pilihan investasi properti yang menguntungkan.The Ayana is a vertical housing located in Bintaro. The Ayana will have 3 residential towers with adequate facilities. The Ayana location is also very strategic, has a variety of facilities, and favorable investment property choices.

Pemukiman Ayana Village Kawasan pemukiman seluas 895.839 m2 yang dilengkapi dengan fasilitas komersial, seperti pertokoan, perkantoran, pendidikan, olahraga, serta rekreasi dan hiburan. The residential area of 895,839 m2 is equipped with commercial facilities, such as shops, offices, education, sports, as well as recreation and entertainment centre.

Villa Mahala Hasa Villas by Premier Hospitality Asia

Mahala Hasa Villas by Premier Hospitality Asia adalah sebuah vila butik yang unik, terletak mewah di distrik Petitenget yang tenang dan terlindung, Seminyak, Bali. Mahala Hasa Villas by Premier Hospitality Asia is a unique boutique villa, luxuriously nestled in a quiet, sheltered district of Petitenget, Seminyak, Bali.

According to Article 3 of the Article of Association, the scope of its business activities includes construction, service, trading and industry. In connection to that, the line of business that the Company is engaged to is management service. The Company is also involved in some investment activities through its Subsidiaries.

Until 2019, the Company has a number of business units in the form of Apartments, Boutique Hotels, Boutique Villas and Residential Area run by Subsidiaries. These business unit includes:






Wilayah Operasional PerusahaanThe Company’s Operational Area

Visi dan Misi PerusahaanThe Company’s Vision and Mission

Menjadi pengembang dan pengelola properti yang inovatif dan berkesinambungan.To be a innovative, sustainable property developer and management

• Menjadi perusahaan pengembang yang memberikan nilai tambah bagi konsumen dan Pemegang Saham; To be a developer company who give value added to consumers and shareholders;

• Memberikan konsep hunian yang bertujuan memperbaiki kualitas hidup dalam setiap produk dan layanan yang berikan; dan Provide a residential concept aiming to improve life quality in any products and services; and

• Mengelola properti dengan mengedepankan kebutuhan dan kenyamanan penghuni. Manage properties by emphasizing the residents’ needs and comfort.

VISIVision

MisiMission

Jakarta

Bali

Tangerang





Struktur Organisasi Organization Structure

Dewan Komisaris Board of Commissioners

Komisaris UtamaPresident Commissioners

Catur Prianto

Komisaris Independen Independent Commissioners

Elariska Sihaloho

Rapat Umum Pemegang Saham General Meeting Shareholders

Komite Nominasi dan Remunerasi Nomination and

Remuneration Committee

Ketua Chairperson

Catur Prianto

Anggota Member

Elariska SihalohoIrma Fitria

Komite Audit Audit Committee

Ketua Chairperson

Elariska Sihaloho

Anggota Member

Prasastiwi Kinanti Syamsidar Hami

Christina Dewi Nuranita

Unit Audit Internal Internal Audit Unit

Ketua Chairperson

Maimun

Anggota Member

Fatimah AzzahraAndi Wibowo

Direktur Utama President Director

Erwin Kusnadi

Direktur Independen Independent Director

Mochammad Ridwan Firdaus

Manajer OperasionalOperational Manager

Staff KeuanganFinance Staff

Staff FinanceFinance Staff

Manajer AkuntansiAccounting Manager

Staff ProyekProject Staff

Staff LogistikLogistic Staff






Profil Dewan KomisarisProfile of the Board of Commissioners

Warga Negara Indonesia, berusia 44 tahun. Meraih gelar Sarjana Teknik bidang Teknik Mesin dari Universitas Mercu Buana, Jakarta pada tahun 2008. Menjabat sebagai Komisaris Utama Perseroan berdasarkan Akta No. 112/2017 periode 2017-2022.

Memiliki pengalaman karir sebagai Project Management di beberapa perusahaan yaitu PT Lautan Teduh Construksindo (1999–2000), PT Borneo Tama Persada (2000–2001), dan PT Truba Jaya Engineering (2001–2008). Selain itu, sebagai Strategic Business Unit Manager PT Inti Agri Resources Tbk (2008-2011), Project Management Officer Manager PT Gunung Bara Utama (2011-2014), dan Direktur PT C Integrasi Energi (2014-2016). Saat ini, menjabat sebagai Ketua Komite Nominasi dan Remunerasi Perseroan (sejak 2017) dan Business Development Manager PT Dwijaya Sentral Sarana (sejak 2016).

Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya dan anggota Direksi serta Pemegang Saham Utama/Pengendali.

Indonesian citizen, 44 years old. He earned a Bachelor of Engineering degree majoring in Mechanical Engineering from Mercu Buana University, Jakarta in 2008. He was appointed as the President Commissioner based on Deed No. 112/2017 for 2017-2022 period.

He started his career by attending Project Management program in various companies namely PT Lautan Teduh Construksindo (1999- 2000), PT Borneo Tama Persada (2000-2001), and PT Truba Jaya Engineering (2001-2008). He previously served as a Strategic Business Unit Manager at PT Inti Agri Resources Tbk (2008-2011), a Project Management Officer Manager at PT Gunung Bara Utama as (2011-2014), and a Director at PT C Integrasi Energi (2014-2016). Currently he serves as the Chairman of the Nomination and Remuneration Committee (since 2017) and Business Development Manager at PT Dwijaya Sentral Sarana (since 2016).

He does not have any affiliated relationship with other member of the Board of Commissioners and member of the Board of Directors, as well as with Main/Controlling Shareholders.







Indonesian citizen, 37 years old. She earned a Bachelor of Economics degree majoring in Accounting from Santo Thomas University, Medan in 2006. She was appointed as the Independent Commissioner based on Deed No. 112/2017 for 2017-2022 period.

She previously served as an Accounting and Tax Officer at PT Tristate Indonesia (2007-2012), a Finance Officer at PT Glamour Auto Sport (2012-2013), and a Finance and Accounting Supervisor at PT Forzaland Group (2013-2016). Currently, she serves as the Chairman of the Audit Committee and a member of the Nomination and Remuneration Committee (since 2017).

She does not have any affiliated relationship with other member of the Board of Commissioners and member of the Board of Directors, as well as with Main/Controlling Shareholders.

Warga Negara Indonesia, berusia 37 tahun. Meraih gelar Sarjana Ekonomi pada bidang Akuntansi dari Universitas Santo Thomas, Medan pada tahun 2006. Menjabat sebagai Komisaris Independen Perseroan berdasarkan Akta No. 112/2017 periode 2017-2022.

Memiliki pengalaman karir sebagai Accounting and Tax Officer PT Tristate Indonesia (2007-2012), Finance Officer PT Glamour Auto Sport (2012-2013), dan Finance and Accounting Supervisor PT Forzaland Group (2013-2016). Saat ini, menjabat sebagai Ketua Komite Audit dan anggota Komite Nominasi dan Remunerasi (sejak 2017).

Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris lainnya dan anggota Direksi serta Pemegang Saham Utama/Pengendali.

Elariska Sihaloho Komisaris Independen

Independent Commissioner






Warga Negara Indonesia, berusia 49 tahun. Meraih gelar Higher Diploma pada program Manajemen Perhotelan dari Singapore Hotel Association Training and Education Centre (SHATEC), Singapura pada tahun 1995. Menjabat sebagai Direktur Utama Perseroan berdasarkan Akta No. 112/2017 periode 2017-2022.

Memiliki pengalaman karir selama lebih dari 15 tahun, dengan memulai karir sebagai Food and Beverage Manager Hotel Sahid Jaya, Lippo Cikarang (1999-2000), Executive Assistant Manager Food and Beverage Hotel Gran Senyiur, Balikpapan (2001-2003), dan Executive Assistant Manager Hotel Ibis Pekanbaru (2004-2005), General Manager Rama Beach Resort and Villa, Bali (2006), dan General Manager Grand Jatra Hotel (2006-2010), Direktur Operasional Jatra Hotels and Resorts (2010-2012), dan Direktur Perhotelan PT City Retail Developments Tbk (2012-2016). Saat ini, tidak merangkap jabatan di perusahaan manapun.

Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan anggota Direksi lainnya, serta Pemegang Saham Utama/Pengendali.

Indonesian citizen, 49 years old. He earned a Higher Diploma in Hotel Management from Singapore Hotel Association Training and Education Center (SHATEC), Singapore in 1995. He was appointed as the President Director based on Deed No. 112/2017 for 2017-2022 period.

He has more than 15 years of experience in the hotel industry. He started his career as a Food and Beverage Manager at Hotel Sahid Jaya, Lippo Cikarang (1999-2000), an Executive Assistant Manager Food and Beverage at Hotel Gran Senyiur, Balikpapan (2001-2003), and an Executive Assistant Manager at Hotel Ibis Pekanbaru (2004-2005), the General Manager of Rama Beach Resort and Villa, Bali (0206), the General Manager of Grand Jatra Hotel from (2006-2010), the Director of Operations of Jatra Hotels and Resorts (2010-2012), and a Hotel Director of PT Nirvana Development Tbk in 2012-2016. Currently he does not hold any positions in other company.

He does not have any affiliated relationship with member of the Board of Commissioners and other member of the Board of Directors, as well as with Main/Controlling Shareholders.

Profil DireksiProfile of the Board of Directors


President Director





Indonesian citizen, 40 years old. He earned a Bachelor degree in Accounting Program from Pakuan University, Bogor in 2003. He was appointed as an Independent Director based on Deed No. 112/2017 for 2017-2022 period.

He started his career as a Finance Admin at PT Astra Zeneca Indonesia (2003-2005), a Senior Auditor at Deddy Zein Irwan Santosa Public Accounting Firm (2005-2008), an Accounting Assistant Manager at PT Dyandra Communication (2008-2012), a Corporate Accounting at PT Nirvana Development Tbk (2012-2013), and the General Manager at PT Inti Cemerlang Selaras (2013-2017). Currently he does hold any position in other companies.

Currently, he serves as the Corporate Secretary (since 2017). He does not have any affiliated relationship with member of the Board of Commissioners and other member of the Board of Directors, as well as with Main/Controlling Shareholders.

Warga Negara Indonesia, berusia 40 tahun. Meraih gelar Sarjana pada Program Studi Akuntansi dari Universitas Pakuan, Bogor pada tahun 2003. Menjabat sebagai Direktur Independen Perseroan berdasarkan Akta No. 112/2017 periode 2017-2022.

Memilki pengalaman karir sebagai Finance Admin PT Astra Zeneca Indonesia (2003-2005), Senior Auditor KAP Dedy Zein Irwan Santosa (2005-2008), Accounting Assistant Manager PT Dyandra Communication (2008-2012), Corporate Accounting di PT City Retail Developments Tbk (2012-2013), dan General Manager PT Inti Cemerlang Selaras (2013-2017). Saat ini, tidak merangkap jabatan di perusahaan manapun.

Saat ini, menjabat sebagai Sekretaris Perusahaan (sejak 2017). Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan anggota Direksi lainnya, serta Pemegang Saham Utama/Pengendali.


Direktur IndependenIndependent Director






Menjabat sebagai Ketua Komite Audit Perseroan berdasarkan Surat Keputusan Dewan Komisaris No. 001/DEKOM/IV/2017 tanggal 5 April 2017 periode 2017-2022. Profil dapat dilihat pada Profil Dewan Komisaris dalam Laporan Tahunan ini.

She serves as the Chairman of the Audit Committee based on the Board of Commissioners Decree Letter No. 001/DEKOM/IV/2017 dated 5 April 2017 for 2017-2022 period. Her profile can be found in the Profile of the Board of Commissioners section in this Annual Report.

Profil Komite AuditProfile of the Audit Committee

Elariska Sihaloho Ketua Komite Audit Chairman of the Audit Committee

Indonesian citizen, 31 years old. She earned a Diploma in Accounting from Universitas Negeri Jakarta in 2009, and a Bachelor of Economics degree majoring in Accounting from Universitas Negeri Jakarta in 2011. She serves as the Audit Committee Member based on the Board of Directors Decree Letter No. 001/DEKOM/IV/2017 dated 5 April 2017 for 2017-2022 period.

She previously served as a Semi Senior Auditor at Rama Wendra Public Accounting Firm (McMillan Woods International) (2011-2014) and a Senior Auditor at Kosasih, Nurdiyaman, Mulyadi, Tjahjo & Partner Public Accounting Firm (Crowe Horward International) (2015-2016). Currently she does hold any position in other companies.

She does not have any affiliated relationship with member of the Board of Commissioners and Board of Directors, as well as with Main/Controlling Shareholders.

Warga Negara Indonesia, berusia 31 tahun. Meraih gelar Diploma Akuntansi dari Universitas Negeri Jakarta pada tahun 2009, dan Sarjana Ekonomi pada bidang Akuntansi dari Universitas Negeri Jakarta pada tahun 2011. Menjabat sebagai anggota Komite Audit Perseroan berdasarkan Surat Keputusan Dewan Komisaris No. 001/DEKOM/IV/2017 tanggal 5 April 2017 periode 2017-2022.

Memilki pengalaman karir sebagai Semi Senior Auditor KAP Rama Wendra (McMillan Woods International) (2011–2014), dan Senior Auditor KAP Kosasih, Nurdiyaman, Mulyadi, Tjahjo & Rekan (Crowe Horwarth International) (2015-2016). Saat ini, tidak merangkap jabatan di perusahaan manapun.

Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris dan anggota Direksi, serta Pemegang Saham Utama/Pengendali.

Prasastiwi Kinanti Syamsidar Hami

Anggota Komite AuditAudit Committee Member





Warga Negara Indonesia, berusia 42 tahun. Meraih gelar Sarjana Ekonomi pada bidang Akuntansi dari STIE Malangkucecwara, Malang pada tahun 2000. Menjabat sebagai anggota Komite Audit Perseroan berdasarkan Surat Keputusan Dewan Komisaris No. 001/DEKOM/IV/2017 tanggal 5 April 2017 periode 2017-2022.

Memiliki pengalaman karir sebagai Accounting Staff di beberapa perusahaan, yaitu PT Toegoe Respati (2000), PT Genelac Marketing Pte Ltd (2000), dan PT Maspion Flateware (2002). Saat ini, tidak merangkap jabatan di perusahaan manapun.


Indonesian citizen, 42 years old. She earned a Bachelor of Economics degree majoring in Accounting from STIE Malangkucecwara, Malang in 2000. She serves as the Audit Committee Member based on the Board of Directors Decree Letter No. 001/DEKOM/IV/2017 dated 5 April 2017 for 2017-2022 period.

Her previous work experiences include Accounting Staff in different companies namely PT Toegoe Respati (2000), PT Genelac Marketing Pte, Ltd (2000), and PT Maspion Flateware 2002). Currently she does not hold any position in other companies.


Christina Dewi Nuranita Anggota Komite Audit Audit Committee Member

Profil Komite Nominasi dan Remunerasi Profile of the Nomination and Remuneration Committee

Catur PriantoKetua Komite Nominasi dan Remunerasi Chairman of the Nomination and Remuneration Committee

He serves as the Chairman of the Nomination and Remuneration based on Board of Commissioners Decree Letter No. No. 003/DEKOM/VI/2018 dated 27 June 2018 for the 2018-2022 period. His profile can be found in the Profile of the Board of Commissioners section in this Annual Report.

Menjabat sebagai Ketua Nominasi dan Remunerasi Perseroan berdasarkan Surat Keputusan Dewan Komisaris No. No. 003/DEKOM/VI/2018 tanggal 27 Juni 2018 periode 2018-2022. Profil dapat dilihat pada Profil Dewan Komisaris dalam Laporan Tahunan ini.

Menjabat sebagai anggota Komite Nominasi dan Remunerasi Perseroan berdasarkan Surat Keputusan Dewan Komisaris No. No. 003/DEKOM/VI/2018 tanggal 27 Juni 2018 periode 2018-2022. Profil dapat dilihat pada Profil Dewan Komisaris dalam Laporan Tahunan ini.

She serves as a member of the Nomination and Remuneration based on Board of Commissioners Decree Letter No. No. 003/DEKOM/VI/2018 dated 27 June 2018 for the 2018-2022 period. Her profile can be found in the Profile of the Board of Commissioners section in this Annual Report.

Elariska Sihaloho Anggota Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Member






Profil Sekretaris Perusahaan Profile of the Corporate Secretary

Indonesian citizen, 38 years old. She earned a Bachelor of Economics degree in Management from Pasundan University Bandung in 2004. She serves as a member of the Nomination and Remuneration Committee based on the Board of Commissioners Decree Letter No. 003/DEKOM/IV/2018 dated 27 June 2018 for the 2018-2022 period.


Warga Negara Indonesia, berusia 38 tahun. Meraih gelar Sarjana Ekonomi pada bidang Manajemen dari Universitas Pasundan Bandung pada tahun 2004. Menjabat sebagai anggota Komite Nominasi dan Remunerasi Perseroan berdasarkan Surat Keputusan Dewan Komisaris No. 003/DEKOM/IV/2018 tanggal 27 Juni 2018 periode 2018-2022.


Irma Fitria Anggota Komite Nominasi dan Remunerasi Nomination and Remuneration Committee Member

Menjabat sebagai Sekretaris Perusahaan berdasarkan Surat Keputusan Direksi No. 03/DIR/BOG/16 tanggal 1 September 2016. Profil dapat dilihat pada Profil Direksi dalam Laporan

He serves as Corporate Secretary based on Board of Directors Decree Letter No. 03/DIR/BOG/16 dated 1 September 2016. His profile can be found in the Profile of

Mochammad Ridwan Firdaus Sekretaris Perusahaan Corporate Secretary





Warga Negara Indonesia, berusia 37 tahun. Meraih gelar Sarjana Ekonomi bidang Akuntansi dari STIE Muhammadiyah Tangerang pada tahun 2005. Menjabat sebagai anggota Unit Audit Internal berdasarkan Surat Penunjukan Unit Audit Internal No. 001/Dir-Ayana/IV/2017 pada tanggal 5 April 2017.

Memiliki pengalaman karir sebagai Finance Manager RSIA Bunda Sejahtera Tangerang (2013). Saat ini, tidak merangkap jabatan di perusahaan manapun.

Indonesian citizen, 37 years old. She earned a Bachelor of Economics degree in Accounting from STIE Muhammadiyah Tangerang in 2005. She serves as a member of the Internal Audit Unit based on Internal Audit Unit Appointment Letter No. 001/Dir-Ayana/IV/2017 dated 5 April 2017.

She previously served as the Finance Manager of RSIA Bunda Sejahtera Tangerang (2013). Currently, she does not hold any position in other companies.

Fatimah Azzahra Anggota Unit Audit Internal Internal Audit Unit Member

Profil Unit Audit Internal Profile of the Internal Audit Unit

Indonesian citizen, 40 years old. He earned Bachelor of Economics degree from Esa Unggul University, Jakarta in 2015. He serves as the Head of Internal Audit Unit based on Internal Audit Unit Appointment Letter No. 001/Dir-Ayana/IV/2017 dated 5 April 2017.

He previously served in Marketing department at PT Sumber Setia Baja Jakarta (2000-2008), a Senior Purchasing at PT Eka Karya Konstruksi (2011-2015), and Human Resources Development department at PT Birkin (2015-2016). Currently he does not hold any position in other companies.

Warga Negara Indonesia, berusia 40 tahun. Meraih gelar Sarjana Ekonomi dari Universitas Esa Unggul, Jakarta pada tahun 2015. Menjabat sebagai Ketua Unit Audit Internal berdasarkan Surat Penunjukan Unit Audit Internal No. 001/Dir-Ayana/IV/2017 pada tanggal 5 April 2017.

Memiliki pengalaman karir sebagai Marketing PT Sumber Setia Baja Jakarta (2000-2008), Senior Purchasing PT Eka Karya Konstruksi (2011-2015), dan Human Resources Development PT Birkin Indonesia (2015-2016). Saat ini, tidak merangkap jabatan di perusahaan manapun.

MaimunKetua Unit Audit Internal Head of the Internal Audit Unit

Indonesian citizen, 28 years old. He earned his Bachelor of Economics degree in Management from Esa Unggul University, Jakarta in 2014. Currently, he is studying Masters of Management at Esa Unggul University, Jakarta. He serves as a member of the Internal Audit Unit based on Internal Audit Unit Appointment Letter No. 001/Dir-Ayana/IV/2017 dated 5 April 2017.

He previously worked at PT Karya Multi Prima as an Accounting General Ledger (2015-2016), Account Receivable (2016-2017), and Project Control (2017).

Warga Negara Indonesia, berusia 28 tahun. Memperoleh gelar Sarjana Ekonomi pada bidang Manajemen dari Universitas Esa Unggul, Jakarta pada tahun 2014. Saat ini, sedang menempuh pendidikan pada Magister Manajemen di Universitas Esa Unggul, Jakarta. Menjabat sebagai anggota Unit Audit Internal berdasarkan Surat Penunjukan Unit Audit Internal No. 001/Dir-Ayana/IV/2017 pada tanggal 5 April 2017.

Memiliki pengalaman karir di PT Karya Multi Prima sebagai Accounting General Ledger (2015–2016), Account Receivable (2016-2017), dan Project Control (2017).

Andi WibowoAnggota Unit Audit Internal Internal Audit Unit Member






Profil KaryawanEmployees Profile

Sumber daya manusia (SDM) yang berkualitas dan berintegritas merupakan salah satu bagian yang penting dan tidak terpisahkan dari pertumbuhan dan keberhasilan Perseroan. Oleh karena itu, Perseroan selalu melakukan pengelolaan dan pengembangan secara profesional dan terencana untuk menghasilkan SDM yang memiliki kompetensi unggul.

Komposisi Karyawan Berdasarkan PerusahaanComposition of Employees by Company

PerusahaanCompany

2019 2018

OrangPerson % Orang

Person %

Perseroan / The Company 5 21.74 8 12.31

Entitas Anak / Subsidiary entities

18 78.26 57 87.69

Total / Total 23 100.00 65 100.00

Komposisi Karyawan Berdasarkan Status Composition of Employees by Status

StatusStatus

2019 2018

OrangPerson % Orang

Person %

Perseroan The Company

Tetap / Permanent 5 21.74 0 0.00

Tidak Tetap / Contractual 0 0.00 8 12.31

Entitas Anak Subsidiary Entities

Tetap / Permanent 0 0.00 26 40.00

Tidak Tetap / Contractual 18 78.26 31 47.69

Total / Total 23 100.00 65 100.00

Komposisi Karyawan Berdasarkan Aktivitas UtamaComposition of Employees by Main Activity

Aktivitas UtamaMain Activity

2019 2018

OrangPerson % Orang

Person %


Hotel / Hotel 0 0.00 0 0.00

Non-Hotel / Non-Hotel 5 21.74 8 12.31


Hotel / Hotel 18 78.26 50 76.92

Non-Hotel / Non-Hotel 0 0.00 7 10.77

Total / Total 23 100.00 65 100.00

Human Resources (HR) with good quality and integrity is an important and inseparable part of the Company’s growth and success. Therefore, the Company always manage and develop its employees in a professional and planned manner to produce HR who have superior competency.





Komposisi Karyawan Berdasarkan Jenjang ManajemenComposition of Employees by Management Level

ManajemenManagement

2019 2018

OrangPerson % Orang

Person %


Manajer / Manager 4 17.39 3 4.62

Supervisor / Supervisor 1 4.35 0 0.00

Staf / Staff 0 0.00 5 7.69


Manajer / Manager 1 4.35 3 4.62

Supervisor / Supervisor 1 4.35 6 9.23

Staf / Staff 16 69.56 48 73.85

Total / Total 23 100.00 65 100.00

Komposisi Karyawan Berdasarkan UsiaComposition of Employees by Age

UsiaAge

2019 2018

OrangPerson % Orang

Person %


>50 tahun / years old 0 0.00 0 0.00

41-50 tahun / years old 2 8.70 5 7.69

31-40 tahun / years old 3 13.04 1 1.54

20-30 tahun / years old 0 0.00 2 3.08


>50 tahun / years old 0 0.00 0 0.00

41-50 tahun / years old 2 8.70 5 7.69

31-40 tahun / years old 3 13.04 12 18.46

20-30 tahun / years old 13 56.52 40 61.54

Total / Total 23 100.00 65 100.00

Komposisi Karyawan Berdasarkan PendidikanComposition of Employees by Education

PendidikanEducation

2019 2018

OrangPerson % Orang

Person %


Sarjana / Bachelor 4 17.39 5 7.69

Diploma dan Setingkat / Diploma or equivalent

1 4.35 3 4.62

SLTA dan Sederajat / Highschool or equivalent

0 0.00 0 0.00






PendidikanEducation

2019 2018

OrangPerson % Orang

Person %


Sarjana / Bachelor 0 0.00 29 44.62

Diploma dan Setingkat / Diploma or equivalent

2 8.70 19 29.23

SLTA dan Sederajat / Highschool or equivalent

16 69.56 9 13.85

Total / Total 23 100.00 65 100.00

Pengembangan Kompetensi Karyawan Perseroan terus berupaya menjaga kualitas SDM agar relevan dengan tugas serta tanggung jawab yang diberikan pada masing-masing karyawan. Hal ini dilakukan dengan mengikutsertakan karyawan dalam program pendidikan dan pelatihan, baik internal maupun eksternal. Pada tahun 2019, pendidikan dan pelatihan karyawan dilaksanakan secara internal dan mandiri pada masing-masing karyawan dengan memperhatikan kebutuhan dari Perseroan.

Pengembangan Kompetensi Karyawan

The Company continues to strive maintaining the quality of human resources so that they are relevant to their duties and responsibilities. This is done by involving employees in education and training programmes, both internal and externally. In 2019, employee education and training activities are carried out internally and independently for each employee by taking into account the Company’s needs.

Struktur KorporasiCorporate Structure

PT Ayana LandInternational Tbk

PT Ayana HotelsIndonesia

PT Ayana HotelsIndonesia

PT Akasa Legian Karya

PT Mandiri Berdikari Jayaraya

PT Galuh Kencana Utamaraya

PT Duta Nusantara Utamaraya

PT AndaraIndonesia

99.99%

99.99%

99.99%

99.98%

99.97%

99.98%

99.97%





Entitas AnakSubsidiary Entities

Perseroan memiliki Entitas Anak secara langsung dan tidak langsung, namun tidak memiliki perusahaan asosiasi maupun perusahaan ventura. Informasi terkait Entitas Anak ditunjukkan sebagai berikut.

Kepemilikan Langsung

PT Ayana Hotel IndonesiaJl. Jombang Raya No. 15

Pondok Jaya, Pondok ArenTangerang Selatan, 15424


InvestasiInvestment

Dasar PendirianLegal Basis of Incorporation

Akta No. 130 tanggal 21 Desember 2016 yang dibuat dihadapan Notaris Ardi Kristiar, SH, MBA, sebagai pengganti Notaris Yulia, SH dan telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan Surat Keputusan No. AHU-0056767.AH.01.01 Tahun 2016 tanggal 21 Desember 2016.Deed No. 130 dated 21 December 2016 made before Notary Ardi Kristiar, SH, MBA, a substitute notary of Notary Yulia, SH. The Deed of Establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia under a Decision Letter No. AHU-0056767.AH.01.01. Year 2016 dated 21 December 2016.

Tanggal PendirianDate of Incorporation

21 Desember 201621 December 2016

Status OperasionalOperational Status

Belum BeroperasiNot Yet Operational

Total Aset Total Assets

Rp223,280,578,757,-

Kepemilikan SahamShare Ownership

99.99%

Susunan PengurusManagement Composition

Dewan KomisarisBoard of CommissionersKomisaris / Commissioner : Paulus Utut Andrian Pratama

DireksiBoard of DirectorsDirektur / Director : Donni Purnomo

PT Ayana Property InternationalJl. Jombang Raya No. 15



InvestasiInvestment


Akta No. 131 tanggal 21 Desember 2016 yang dibuat dihadapan Notaris Ardi Kristiar, SH, MBA, sebagai pengganti Notaris Yulia, SH dan telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan Surat Keputusan No. AHU-0056768.AH.01.01. Tahun 2016 pada tanggal 21 Desember 2016.Deed No. 131 dated 21 December 2016 made before Notary Ardi Kristiar, SH, MBA, a substitute notary of Notary Yulia, SH. The Deed of Establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia under a Decision Letter No. AHU-0056768.AH.01.01. Year 2016 dated 21 December 2016


21 Desember 201621 December2016




Rp982,593,993,398,-

The Company has direct and indirect Subsidiaries, but does not have any associated companies or venture companies. Information related to the Subsidiaries is described as follows.

Direct Ownership







99.99%




Kepemilikan Tidak Langsung

PT Andara Indonesia (melalui / via PT Ayana Hotel Indonesia)Jl. Raya Cendrawasih No. 88

Kerobokan Kelod, Kuta UtaraBadung, Bali


PerhotelanHotel


Akta No. 06 tanggal 22 April 2010 yang dibuat dihadapan Notaris Cynthia Setiawati Machmur, SH, MH.Deed No. 06 dated 22 April 2010 made before Notary Cynthia Setiawati Machmur, SH, MH.


22 April 2010


Beroperasi sejak 2015Operating since 2015


Rp43,744,415,155,-


99.99%




PT Akasa Legian Karya (melalui / via PT Ayana Property International)Komplek Wijaya Grand Center Blok F No. 83B Lt. 1 Wijaya II

Pulo, Kebayoran Baru, Jakarta Selatan


ApartemenApartment


Akta No. 8 tanggal 21 Juni 2013 yang dibuat dihadapan Notaris Herlina Latief, SH, MKn dan telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-34611.AH.01.01. Tahun 2013 pada tanggal 26 Juni 2013.Deed No. 8 dated 21 June 2013 which was made before Notary Herlina Latief, SH, M.Kn. The Deed of Establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia under a Decision Letter No. AHU-34611.AH.01.01. Year 2013 dated 26 June 2013


21 Juni 201321 June 2013




Rp155,436,134,949,-


99.98%








PT Mandiri Berdikari Jayaraya (melalui / via PT Ayana Property International)Jl. Jombang Raya No. 15



InvestasiInvestment


Akta No. 141 tanggal 22 Desember 2016 yang dibuat dihadapan Notaris Ardi Kristiar, SH, MBA sebagai pengganti Notaris Yulia, SH dan telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0057109.AH.01.01. Tahun 2016 tanggal 22 Desember 2016. Deed No. 141 dated 22 December 2016 made before Notary Ardi Kristiar, SH, MBA, a substitute notary of Notary Yulia, SH. The Deed of Establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia under a Decision Letter No. AHU-0057109.AH.01.01. Year 2016 dated 22 December 2016.






Rp820,968,931,316,-


99.98%




PT Duta Nusantara Utamaraya (melalui / via PT Mandiri Berdikari Jayaraya)Jl. Jombang Raya No. 15



PerumahanResidential estates


Akta No. 153 tanggal 23 Desember 2016 yang dibuat dihadapan Notaris Ardi Kristiar, SH, MBA sebagai pengganti Notaris Yulia, SH dan telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan No. AHU-0057339.AH.01.01. Tahun 2016 pada tanggal 23 Desember 2016.Deed No. 153 dated 23 December 2016 made before Notary Ardi Kristiar, SH, MBA, a substitute notary of Notary Yulia, SH. The Deed of Establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia under a Decision Letter No. AHU-0057339.AH.01.01. Year 2016 dated 23 December 2016.






Rp820,773,203,797,-


99.97%









PT Galuh Kencana Utamaraya (melalui / via PT Mandiri Berdikari Jayaraya)Jl. Jombang Raya No. 15



PerdaganganTrading


Akta No. 154 tanggal 23 Desember 2016 yang dibuat dihadapan Notaris Ardi Kristiar, SH, MBA dan telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan No. AHU-0057343.AH.01.01. Tahun 2016 pada tanggal 23 Desember 2016.Deed No. 154 dated 23 December made before Notary Ardi Kristiar, SH, MBA, a substitute notary of Notary Yulia, SH. The Deed of Establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia under a Decision Letter No. AHU-0057343.AH.01.01. Year 2016 dated 23 December 2016.






Rp98,500,000,-


99.97%




Lembaga Penunjang Pasar ModalCapital Market Supporting Institutions

Lembaga / Profesi Penunjang

Institutions / Supporting Profession

Nama LembagaName of

Institution

AlamatAddress

Jasa yang diberikan

Service Provided

Periode PenugasanAssignment

Period

Biaya Fee(Rp)

Akuntan PublikPublic Accounting Firm

Doli, Bambang, Sulistiyanto, Dadang & Ali

Jl. HR Rasuna Said Blok X7 Kav. 5Jakarta Selatan, 12940T : (021) 88866149F : (021) 88865750

Audit Laporan Keuangan.Financial Statement Audit.

2019 533,500,000

NotarisNotary

Yulia, SH Multivision Tower Lt. 3Jl. Kuningan Mulia Kav. 9BJakarta, 14450T : (021) 29380800F : (021) 29380801

Pembuatan akta-akta sehubungan dengan perjanjian-perjanjian.Deed preparation in relation to agreements.

2019 95,000,000

Biro Administrasi EfekSecurities Administration Bureau

PT Sharestar Indonesia

Berita Satu Plaza Lt. 7 Jl. Jend. Gatot Subroto Kav. 35-36 Jakarta Selatan, 12950T : (021) 5277966F : (021) 5277967

Pencatatan saham sesuai dengan Standar Profesi dan Peraturan Pasar Modal yang berlaku.Share registration in accordance with applicable Professional Standards and Capital Market Regulations.

2019 52,250,000





Akses InformasiInformation Access

Perseroan menyediakan akses informasi bagi seluruh pemangku kepentingan melalui:

Mochammad Ridwan FirdausSekretaris PerusahaanJl. Raya Cendrawasih No. 88AKerobokan Kelod, Kuta Utara, BadungBali, 80361T : (0361) 8499595E : [email protected] : www.ayanaland.com

Informasi mengenai perkembangan saham dan pemodalan Perseroan juga dapat diakses melalui website Bursa Efek Indonesia (www.idx.co.id).

The Company provides access to information for all stakeholders via:

Mochammad Ridwan FirdausCorporate SecretaryJl. Raya Cendrawasih No. 88AKerobokan Kelod, Kuta Utara, BadungBali, 80361T : (0361) 8499595E : [email protected] : www.ayanaland.com

Information regarding the development of the Company’s shares and capital can also be accessed through the Indonesia Stock Exchange website (www.idx.co.id).






Informasi Bagi PemodalInformation for Investors





Komposisi Pemegang SahamComposition of Shareholders

Pemegang SahamShareholders

Jumlah SahamTotal Shares

Jumlah Ditempatkan dan

Disetor Penuh Issued and Fully

Paid Up Total

Persentase Kepemilikan

Ownership Percentage

Status KepemilikanOwnership Status

(Rp) (%)

Kepemilikan Kurang dari 5% / Ownership Less than 5%

PT Sinar Cemerlang Jayaraya 4,700,600,000 470,060,000,000 42.71 Institusi LokalLocal Institution

PT Abadi Usaha Jayaraya 591,800,000 59,180,000,000 5.38 Institusi LokalLocal Institution

Kepemilikan Kurang dari 5% / Ownership Less than 5%

Masyarakat / Public 5,712,529,322 571,252,932,200 51.91

Individu dan Institusi Lokal dan AsingLocal Individu andLocal Institution

Total 11,004,929,322 1,100,492,932,200 100.00

Komposisi Kepemilikan Saham Dewan Komisaris dan Direksi

Hingga tanggal 31 Desember 2019, seluruh Dewan Komisaris maupun Direksi tidak memiliki kepemilikan saham, baik langsung maupun tidak langsung di Perseroan.

Pemegang SahamShareholders

Jumlah InvestorTotal Number of

Investors

Jumlah Saham(Lembar Saham)

Total Number of Shares (Shares)

KepemilikanOwnership

(%)

Pemodal Nasional / National Investors

Perorangan / Individual 360 1,096,608,222 9.96

Perseroan Terbatas / Limited Liability Company

68 8,998,444,832 81.76

Asuransi / Insurance 8 875,878,100 7.95

Yayasan / Fundation 2 25,900,000 0.23

Lain-Lain / Others 1 3,000,000 0.02

Pemodal Asing / Foreign Invesors

Perorangan / Individual 0 0 0.00

Badan Usaha / Corporation 5 5,098,168 0.04

Lain-lain / Others 0 0 0.00

Total / Total 444 11,004,929,322 100.00

Composition of the Board of Commissioners and Board of Directors’ Share Ownership

As of 31 December 2019, all member of the Boards of Commissioners and Boards of Directors have no direct nor indirect share ownership in the Company.






Kronologi Pencatatan SahamChronological Listing of Shares

UraianDescription

Jumlah Saham yang Diterbitkan

(Lembar Saham)Total Issued

Shares (Shares)

Nilai Nominal Par Value

(Rp)

Harga Penawaran

Offered Price(Rp)


(Lembar Saham)Number of

Outstanding Shares (Shares)

Nama Bursa Efek

Name of Stock

Exchange

Saham Pendiri / Founders Shares 8,001,000,000 100 - 8,001,000,000 -

Penawaran Umum Perdana Saham 2017 / 2017 Initial Public Offering

3,000,000,000 100 103 11,001,000,000 Bursa Efek IndonesiaIndonesia Stock Exchange

Pelaksanaan Waran Seri I 2017 / Implementation of Warrant Series I 2017

3,915,642 100 105 11,004,915,642

Pelaksanaan Waran Seri I 2019 / Implementation of Warrant Series I 2019

13,680 100 105 11,004,929,322

Realisasi Penggunaan Dana Hasil Penawaran UmumRealization of the Use of Public Offering’s Proceed

Sepanjang tahun 2019, realisasi penggunaan dana hasil penawaran umum ditunjukkan sebagai berikut.

TanggalTerbitdate of issue

TotalSaham yang

DiterbitkanTotal Shares

Issued

PeriodeKonversi

Conversion Period

Conversion

Saham yang Telah Dikonversi

Converted shares Sahamyang BelumDikonversi

Unconverted shares

RencanaPenggunaan

Dana Menurut

ProspektusPlan of

on the Use of Proceeds according to Prospectus

RealisasiPenggunaan

Dana Menurut

ProspektusAccording to Prospectus

Sisa DanaHasil

Konversi Conversion

(Rp)

Total Lembar Saham

Total Shares

Nilai Value (Rp)

Penawaran Umum Perdana Saham / Initial Public Offering

7 Agustus / August2017

3,000,000,000 - 3,000,000,000 309,000,000,000 - 309,000,000,000 309,000,000,000 0

Waran Seri I / Warrant Series I

7 Agustus / August2017

2,700,000,000 27 November 2018

3,915,642 411,142,410 2,696,084,358 - - 411,142,410

Throughout 2019, the realization of the use of proceeds from the public offering i43s described as follows.





Struktur Pemegang Saham Utama dan PengendaliMain and Controlling Shareholders’ Structure

PT Ayana LandInternational Tbk

Paulus Utut AdrianPratama

Doni Purnomo

PT Galaxy BersinarAbadi

PT Citranuas AbadiCemerlang

PT Sinar CemerlangJaya

PT Kreasindo UtamaRejeki

PT Abadi UsahaJayaraya

Masyarakat / Public <5%

1.00%

99.00% 99.00%

42.71%

99.00%

5.38% 51.91%

99.99%

Program Kepemilikan Saham Karyawan dan/atau ManajemenManagement and/or Employee Stock Ownership ProgramSampai dengan akhir tahun 2019, Perseroan tidak melaksanakan program kepemilikan saham bagi karyawan dan/atau manajemen.

As of the end of 2019, the Company has not implemented a share ownership program for employees and/nor management.






Kebijakan dan Pembagian DividenPolicy on Dividend and Dividend Distribution

Anggaran Dasar Perseroan mengatur bahwa besaran dividen disesuaikan dengan kemampuan Perseroan dan didasarkan pada keputusan RUPS. Besarnya dividen yang akan dibayarkan ditentukan dengan memperhatikan kondisi keuangan dan kebutuhan permodalan Perseroan pada tahun buku yang bersangkutan. Pada tahun 2018 dan 2019, Perseroan tidak melaksanakan pembagian dividen kepada Pemegang Saham.

Kronologi Pencatatan Efek LainnyaChronological Listing of Others Securities

Perseroan tidak mengeluarkan efek selain saham sampai akhir tahun 2019.

The Articles of Association stipulates that the amount of dividends is adjusted to the Company’s capability and is based on the GMS resolution. The amount of dividend to be paid is determined by taking into account the Company’s financial condition and capital needs in the fiscal year concerned. In 2018 and 2019, the Company did not distributed any dividend to the Shareholders.

The Company did not issued any other securities other than stock until the end of 2019.





Analisis dan Pembahasan Manajemen

Management Discussion and Analysis





Tinjauan Ekonomi dan IndustriEconomic and Industry Review

Perekonomian Indonesia pada tahun 2019 yang ditunjukkan dari Produk Domestik Bruto (PDB) tumbuh 5,02%. Dari segi lapangan usaha, kontribusi terbesar diraih oleh lapangan usaha jasa lainnya sebesar 10,55%, diikuti oleh jasa perusahaan sebesar 10,25%, dan jasa informasi dan komunikasi sebesar 9,41%. Sedangkan, lapangan usaha penyediaan akomodasi dan makan minum tumbuh sebesar 6,41% serta lapangan usaha real estat tumbuh sebesar 5,85%.

Pada tahun 2019, pertumbuhan harga properti komersial melambat sebagaimana tercermin dari indeks harga properti komersial yang tercatat tumbuh 0,32%, melambat dari 1,52% pada tahun sebelumnya. Perlambatan tersebut terutama disebabkan oleh penurunan harga pada segmen apartemen sewa dan perlambatan kenaikan harga lahan industri, convention hall dan pergudangan. Sejalan dengan menurunnya indeks harga properti komersial, perkembangan permintaan properti komersial juga mengalami penurunan. Permintaan mengalami perlambatan pertumbuhan dari 1,17% pada tahun 2018 menjadi 0,52% pada tahun 2019. Berdasarkan segmen, pertumbuhan indeks tahunan pada segmen lahan industri mengalami perlambatan di sejumlah wilayah, khususnya terjadi di Bodebek, Medan, dan Semarang.

Sementara itu, industri pariwisata nasional menunjukkan pertumbuhan yang positif. Hal tersebut terbukti dengan jumlah kunjungan wisman ke Indonesia pada tahun 2019 mencapai 16,11 juta kunjungan atau naik 1,88% dibandingkan dengan jumlah kunjungan wisman pada tahun 2018 yang mencapai 15,81 juta kunjungan. Kunjungan wisman tersebut berasal dari wisman yang masuk melalui pintu masuk udara, pintu masuk laut, dan pintu masuk darat.

Sumber:

• Badan Pusat Statistik - Pertumbuhan Ekonomi Indonesia

Triwulan IV-2019 No. 17/02/Th. XXIV, 5 Februari 2020; dan

• Badan Pusat Statistik, Perkembangan Pariwisata dan Transportasi

Nasional Desember 2019 No. 13/02/Th. XXIII, 3 Februari 2020.

Indonesia’s economy in 2019 as indicated by Gross Domestic Product (GDP) grew 5.02%. From the business fields perspective, the largest contribution was provided by other service businesses by 10.55%, followed by company services by 10.25%, and information and communication services by 9.41%. Meanwhile, the business field for providing accommodation and food and beverages grew by 6.41% and the real estate business grew by 5.85%.

In 2019, the growth in commercial property prices has slowed down as reflected in the commercial property price index which recorded a growth only 0.32%, slower compare to 1.52% in the previous year. The slowdown was mainly due to falling prices in the rental apartment segment and a sluggish price rice for industrial land, convention halls and warehousing. In line with the decline in the commercial property price index, the commercial property demand has also experienced a decline. The growth for demand has slowed from 1.17% in 2018 to only 0.52% in 2019. By segments, annual index growth in the industrial land segment has slowed in a number of regions, particularly in Bodebek, Medan and Semarang.

On the contrary, the national tourism industry showed positive growth. This was indicated by the number of foreign tourists visiting Indonesia in 2019 that reached 16.11 million visits, an increase by 1.88% compared to the number of foreign tourists visiting in 2018 that reached 15.81 million visits. The foreign tourists visiting came through the air gates, entrance by sea, and entrance by land.

Source:• Statistics Indonesia - Indonesian Economic Growth IV Quarter

2019 No. 17/02 / Th. XXIV, 5 February 2020; and

• Statistics Indonesia, Tourism and National Transportation

Development on December 2019 No. 13/02/Th. XXIII, 3 February

2020.






Tinjauan Operasi per Segmen UsahaOperational Review by Business Segment

Perseroan memiliki 3 segmen operasi yaitu, segmen hotel, segmen apartemen, dan segmen lainnya. Penjelasan untuk kinerja segmen operasi Perseroan pada tahun 2019 dan 2018 ditunjukkan sebagai berikut.

(dalam ribuan Rupiah, kecuali dinyatakan lain)(in thousand Rupiah, unless stated otherwise)

Uraian 2019 2018Pertumbuhan

Growth DescriptionRp %

Segmen Hotel Hotel Segment

Pendapatan Eksternal 2,506,863 3,297,795 (790,932) (23.98) External Income

Hasil Segmen Segment Result

Beban Usaha Segmen (2,213,083) (2,558,232) (345,149) (13.49) Segment Operating Expense

Beban Keuangan (5,588) (477,306) (471,719 ) (98.83) Finance Income

Pendapatan Keuangan 3,170,111 2,755,953 414,158 15.03 Finance Expenses

Lainnya-Neto (18,112) 1,833,077 (1,851,189) (100.99) Other-Net

Laba (Rugi) Segmen 3,440,192 4,851,287 (1,411,095) (29.09) Segment Profit (Loss)

Segmen Apartemen Apartment Segment

Pendapatan Eksternal - - - - External Income


Beban Usaha Segmen (247,538) (247,538) - 0.00 Segment Operating Expense

Beban Keuangan (8,904,199) (12,119,068) (3,214,870) (26.53) Finance Income

Pendapatan Keuangan 1,124,514 2,212,255 (1,087,741) (49.17) Finance Expenses

Lainnya-Neto - - - - Other-Net

Laba (Rugi) Segmen (8,027,222) (10,154,350) (2,127,129) (20.95) Segment Profit (Loss)

Segmen Lainnya Other Segments

Pendapatan Eksternal 10,850,000 13,000,000 (2,150,000) (16.54) External Income


Beban Usaha Segmen (3,931,865) (3,604,045) 327,820 9.10 Segment Operating Expense

Beban Keuangan (5,899) (9,800) (3,901) (39.81) Finance Income

Pendapatan Keuangan 300 954 (654) (68.59) Finance Expenses

Lainnya-Neto - (18,924) (18,924) (100.00) Other-Net

Laba (Rugi) Segmen 6,912,536 9,368,185 (2,455,649) (26.21) Segment Profit (Loss)

Total Total

Pendapatan Eksternal 13,356,863 16,297,795 (2,940,932) (18.04) External Income

Hasil Segmen 10,482,627 12,490,380 (2,007,753) (16.07) Segment Result

Beban Usaha Segmen (6,392,485) (6,409,815) (17,329) (0.27) Segment Operating Expense

Beban Keuangan (8,915,685) (12,606,174) (3,690,489) (29.28) Finance Income

Pendapatan Keuangan 4,294,926 4,969,163 (674,237) (13.57) Finance Expenses

Lainnya-Neto (18,112) 1,814,152 (1,832,264) (101.00) Other-Net

Laba (Rugi) Segmen (548,730) 257,707 (806,436) (312.93) Segment Profit (Loss)

The Company has 3 operating segments, i.e. hotel segment, apartment segment and other segments. The description for the performance of each operating segment in 2019 and 2018 are shown as follows.





Secara keseluruhan, total pendapatan Perseroan mengalami penurunan sebesar 18,04%, dari Rp16,30 miliar di tahun 2018 menjadi Rp13,36 miliar di tahun 2019. Segmen hotel mengalami penurunan 23,98% atau Rp790,93 juta, sedangkan segmen lainnya mengalami penurunan sebesar 16,54% atau Rp2,15 miliar.

Beban usaha segmen operasi di tahun 2019 mencapai Rp6,39 miliar, turun 0,27% atau Rp17,33 juta dibandingkan dengan tahun sebelumnya. Beban usaha tertinggi tercatat pada segmen lainnya sebesar Rp3,93 miliar. Sedangkan, beban usaha terendah pada segmen apartemen sebesar Rp247,54 juta pada tahun 2019.

Seiring dengan menurunnya pendapatan, maka laba segmen Perseroan juga mengalami penurunan sebesar 312,93% dari memperoleh laba Rp257,71 juta menjadi rugi Rp548,73 juta. Penurunan laba segmen terjadi pada segmen hotel dan segmen lainnya yang masing-masing turun sebesar Rp1,41 miliar dan Rp2,46 miliar.

Tinjauan KeuanganFinancial Review

Laporan Posisi Keuangan Konsolidasian

Aset (dalam ribuan Rupiah, kecuali dinyatakan lain)(in thousand Rupiah, unless stated otherwise)



Aset Lancar Current Assets

Kas dan Bank 10,229,781 6,227,664 4,002,117 64.26 Cash and Cash Equivalents

Investasi Jangka Pendek 75,000,000 100,000,000 (25,000,000) (25.00) Short-Term Investment

Piutang Usaha-Pihak Ketiga 188,990 310,517 (121,528) (39.14) Third-Party Receivables

Piutang Lain-lain-Pihak Ketiga 239,601 778,486 (538,885) (69.22) Third-Party Other Receivables

Persediaan 16,734 45,370 (28,636) (63.12) Inventory

Pajak Pertambahan Nilai Dibayar Dimuka

781,208 627,985 153,223 24.40 Prepaid Value Added Tax

Biaya Dibayar Dimuka 282,716 286,959 (4,243) (1.48) Prepaid Expenses

Total Aset Lancar 86,739,030 108,276,982 (21,537,951) (19.89) Total Current Assets

Overall, the Company’s total income decreased by 18.04%, from Rp16.30 billion in 2018 to Rp13.36 billion in 2019. The hotel segment experienced a decrease by 23.98% or Rp790.93 million, whereas other segments experienced a decrease by 16.54% or amounted to Rp2.15 billion.

Segment operating expenses in 2019 reached Rp6.39 billion, decreased by 0.27% or Rp17.33 million compared to the previous year. The highest operating expenses were recorded in other segments amounted to Rp3.93 billion. Meanwhile, the lowest operating expenses was recorded in the apartment segment amounted to only Rp247.54 million in 2019.

In line with the decline in income, the Company’s segment profit also decreased by 312.93% from a profit amounted to Rp257.71 million to a loss amounted to Rp548.73 million. The decline in segment profit occurred in the hotel and other segments, which decreased by Rp1.41 billion and Rp2.46 billion respectively.

Consolidated Statement of Financial PositionAssets









Aset Tidak Lancar Non-Current Assets

Goodwill 42,446,687 42,446,687 - - Goodwill

Persediaan Real Estate-Tanah dalam Proses Pengembangan

109,646,000 109,646,000 - - Land-Real Estate Inventory in the Developing Process

Uang Muka Pembelian Aset 386,100,000 386,102,454 (2,454) (0.00) Down Payment for Asset Purchase

Persediaan Real Estate-Tanah untuk Dikembangkan

471,155,277 473,213,677 (2,058,400) (0.43) Land-Real Estate Inventory in the Developed Process

Aset Tetap-Neto 47,183,660 48,522,938 (1,339,278) (2.76) Fixed Assets-Net

Total Aset Tidak Lancar 1,056,531,624 1,059,931,756 (3,400,132) (0.32) Total Non-Current Assets

Total Aset 1,143,270,654 1,168,208,738 (24,938,083) (2.13) Total Assets

Total AsetPada tahun 2019, total aset yang dimiliki Perseroan mencapai Rp1,14 triliun, menurun 2,13% atau setara Rp24,94 miliar dibandingkan tahun sebelumnya sebesar Rp1,17 triliun.

Total Aset LancarAset lancar Perseroan per 31 Desember 2019 tercatat sebesar Rp86,74 miliar, mengalami penurunan 19,89% dibandingkan tahun sebelumnya sebesar Rp108,28 miliar. Penurunan ini khususnya diakibatkan investasi jangka pendek yang turun sebesar Rp25,00 miliar dan piutang lain-lain – pihak ketiga sebesar Rp538,89 juta.

Total Aset Tidak Lancar Sejalan dengan menurunnya aset lancar, aset tidak lancar juga mengalami penurunan sebesar 0,32% atau setara Rp3,40 miliar, menjadi Rp1,06 triliun pada tahun 2019. Penurunan aset tidak lancar disebabkan oleh turunnya persediaan real estate tanah untuk dikembangkan sebesar Rp2,06 miliar dan aset tetap neto sebesar Rp1,34 miliar.

Liabilitas (dalam ribuan Rupiah, kecuali dinyatakan lain)(in thousand Rupiah, unless stated otherwise)



Liabilitas Jangka Pendek Short-term Liabilities

Utang Usaha-Pihak Ketiga 941,206 348,366 592,840 170.18 Third-Party Payables

Utang Pajak 763,106 754,397 8,709 1.15 Tax Payables

Uang Muka Penjualan dan Pendapatan

4,033,915 4,030,254 3,661 0.09 Down Payment for Sales and Income

Utang Bank-Bagian Jatuh Tempo Satu Tahun

18,747,000 24,996,000 (6,249,000) (25.00) Bank Loan - portion of one-year maturity period

Total Liabilitas Jangka Pendek 24,485,227 30,129,017 (5,643,790) (18.73) Total Short-term Liabilities

Total AssetsIn 2019, total assets owned by the Company was recorded at Rp1.14 trillion, a decrease by 2.13% or equivalent to Rp24.94 billion compared to the previous year amounted to Rp1.17 trillion.

Total Current AssetsThe current assets as of 31 December 2019 were recorded at Rp86.74 billion, a decrease by 19.89% compared to the previous year amounted to Rp108.28 billion. This decrease was mainly due to a decrease in short-term investments by Rp25.00 billion and other receivables-third parties by Rp538.89 million.

Total Non-Current AssetsIn line with the decrease in current assets, non-current assets also decreased by 0.32% or equivalent to Rp3.40 billion, to Rp1.06 trillion in 2019. The decrease in non-current assets was caused by a decrease in the land-real estate inventory for development by Rp2.06 billion and net fixed assets amounted to Rp1.34 billion.

Liabilities








Liabilitas Jangka Panjang Long-term Liabilities

Utang Bank-Setelah Dikurangi Bagian Jatuh Tempo Satu Tahun

35,427,000 54,174,000 (18,747,000) (34.61) Long-term Liabilities After Deducted by Portion of One

Year Maturity

Total Liabilitas Jangka Panjang

35,427,000 54,174,000 (18,747,000) (34.61) Total Long-term Liabilities

Total Liabilitas 59,912,227 84,303,017 (24,390,790) (28.93) Total Liabilities

Total LiabilitasPerseroan membukukan total liabilitas pada tahun 2019 sebesar Rp59,91 miliar, menurun 28,93% dibandingkan tahun sebelumnya sebesar Rp84,30 miliar. Penurunan tersebut berasal dari liabilitas jangka pendek dan liabilitas jangka panjang yang masing-masing turun sebesar Rp5,64 miliar dan Rp18,75 miliar.

Total Liabilitas Jangka PendekLiabilitas jangka pendek Perseroan mencapai Rp24,49 miliar di tahun 2019. Jumlah tersebut menurun sebesar Rp5,64 miliar atau sebesar 18,73% dari tahun 2018 yang mencapai Rp30,13 miliar. Penurunan ini terutama berasal dari turunnya utang bank bagian jatuh tempo satu tahun sebesar Rp6,25 miliar atau 25,00%.

Total Liabilitas Jangka PanjangLiabilitas jangka panjang menurun 34,61% dari Rp54,17 miliar di tahun 2018 menjadi Rp35,43 miliar. Penurunan ini disebabkan utang bank setelah dikurangi bagian jatuh tempo satu tahun yang menurun menjadi Rp18,75 miliar atau 34,61%.

Ekuitas (dalam ribuan Rupiah, kecuali dinyatakan lain)(in thousand Rupiah, unless stated otherwise)



Modal Ditempatkan dan Disetor Penuh

1,100,492,932 1,100,491,564 1,368 0.00 Issued and Fully Paid Up Capital

Tambahan Modal Disetor 19,639 19,571 68 0.35 Additional Paid In Capital

Defisit (14,492,544) (14,100,217) 392,327 2.78 Deficit

Jumlah Ekuitas yang dapat Diatribusikan Kepada Pemilik Entitas Induk

1,086,020,027 1,086,410,918 (390,891) (0.04) Equity Attributable to Owner of the Parent Entity

Kepentingan Non-Pengendali (2,661,600) (2,505,197) (156,403) (6.24) Non-Controlling Entities

Total Ekuitas 1,083,358,427 1,083,905,721 (547,293) (0.05) Total Equity

Total LiabilitiesIn 2019, the Company recorded total liabilities amounted to Rp59.91 billion, a decrease by 28.93% compared to the previous year amounted to Rp84.30 billion. The decrease occurred both in short-term liabilities and long-term liabilities, which decreased by Rp5.64 billion and Rp18.75 billion respectively.

Total Short-term LiabilitiesThe short-term liabilities was recorded at Rp24.49 billion in 2019. This amount decreased by Rp5.64 billion or 18.73% from 2018 amounted to Rp30.13 billion. This decrease was mainly due to the decrease in the bank loan-portion of one year maturity period amounted to Rp6.25 billion or 25.00%.

Total Long-term LiabilitiesLong-term liabilities decreased by 34.61% from Rp54.17 billion in 2018 to Rp35.43 billion in 2019. This decrease was due to a decrease in bank loan after deducting one-year maturity period portion Rp18.75 billion or decreased by 34.61%.

Equity






Total ekuitas Perseroan pada tahun 2019 sebesar Rp1,08 triliun, turun 0,05% dibandingkan tahun sebelumnya. Penurunan ekuitas tersebut terjadi karena Perseroan membukukan peningkatan defisit sebesar Rp14,49 miliar pada tahun 2019, sedangkan defisit pada tahun 2018 sebesar Rp14,10 miliar.

Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian




Pendapatan 13,356,863 16,297,795 (2,940,932) (18.04) Income

Beban Pokok Pendapatan 2,874,236 3,807,415 (933,179) (24.51) Cost of Income

Laba Bruto 10,482,627 12,490,380 (2,007,753) (16.07) Gross Profit

Beban Penjualan (319,714) (543,800) (224,087) (41.21) Sales Expenses

Beban Umum dan Administrasi (5,571,712) (5,518,070) 53,642 0.97 General and Administrative Expense

Beban Operasional, Pemeliharaan dan Energi

(501,060) (347,944) 153,116 44.01 Energy, Maintenance, and Operating Expenses

Beban Keuangan (8,915,685) (12,606,174) (3,690,489) (29.28) Finance Expenses

Pendapatan Keuangan 4,294,926 4,969,163 (674,237) (13.57) Finance Income

Lainnya-Neto (18,112) 1,814,152 (1,832,264) (101.00) Others

Laba (Rugi) Sebelum Pajak Penghasilan

(548,730) 257,707 (806,436) (312.93) Profit (Loss) Before Income Tax

Penghasilan Komprehensif Lain - - - - Other Comprehensive Income

Laba (Rugi) Tahun Berjalan yang dapat Diatribusikan kepada:

(548,730) 257,707 (806,436) (312.93) Profit (Loss) of the Current Year Attributable to:

Pemilik Entitas Induk (392,327) 2,839,937 (3,232,264) (113.81) Owners of Parent Entity

Kepentingan Nonpengendali (156,403) (2,582,230) (2,425,827) (93.94) Non-Controlling Interests

Laba (Rugi) Komprehensif Tahun Berjalan yang dapat Diatribusikan kepada:

(548,730) 257,707 (806,436) (312.93) Comprehensive Profit (Loss) for the Year Attributable to:

Pemilik Entitas Induk (392,327) 2,839,937 (3,232,264) (113.81) Owners of Parent Entity

Kepentingan Nonpengendali (156,403) (2,582,230) (2,425,827) (93.94) Non-Controlling Interests

Laba (Rugi) per Saham-Dasar (Rupiah penuh)

(0.04) 0.26 (0.30) (115.38) Basic earnings /(loss) per Share (Full Rupiah)

Laba (Rugi) per Saham-Dilusian (Rupiah penuh)

(0.04) 0.26 (0.30) (115.38) Profit (Loss) per Share (Full Rupiah)

PendapatanPerseroan membukukan pendapatan sebesar Rp13,36 miliar di tahun 2019, turun 18,04% atau setara Rp2,94 miliar dibandingkan tahun sebelumnya sebesar Rp16,30 miliar. Penurunan ini terutama disebabkan turunnya pendapatan penjualan tanah sebesar Rp2,15 miliar dari Rp13,00 miliar di 2018 menjadi Rp10,85 miliar di 2019.

The total equity in 2019 was recorded at Rp1.08 trillion, decreased by 0.05% compared to the previous year. The decrease in equity occurred because the Company’s deficits has increased to Rp14.49 billion in 2019, whereas the deficit in 2018 was only amounted to Rp14.10 billion.

Consolidated Statements of Profit Loss and Other Comprehensive Income

IncomeThe Company recorded income amounted to Rp13.36 billion in 2019, decreased by 18.04% or equivalent to Rp2.94 billion compared to the previous year of Rp16.30 billion. This decrease was mainly due to the decrease in land sales income by Rp2.15 billion from Rp13.00 billion in 2018 to Rp10.85 billion in 2019.





Beban Pokok PendapatanSejalan dengan menurunnya jumlah pendapatan, beban pokok pendapatan tahun 2019 juga mengalami penurunan sebesar Rp933,18 juta atau 24,51% dari Rp3,81 miliar di tahun 2018 menjadi Rp2,87 miliar di tahun 2019. Penurunan ini dipicu oleh beban pokok penjualan tanah yang turun sebesar 22,50% atau Rp597,60 juta.

Laba BrutoLaba bruto Perseroan mengalami penurunan sebesar Rp2,01 miliar, dari Rp12,49 miliar pada tahun 2018 menjadi Rp10,48 miliar pada tahun 2019.

Beban UsahaBeban usaha terdiri dari beban penjualan, beban umum dan administrasi, serta beban operasional, pemeliharaan, dan energi. Di tahun 2018, beban usaha Perseroan mengalami penurunan sebesar 0,27% menjadi Rp6,39 miliar dari sebelumnya mencapai Rp6,41 miliar.

Beban Keuangan dan Beban LainnyaBeban keuangan Perseroan tahun 2019 tercatat sebesar Rp8,92 miliar, turun 29,28% dibandingkan tahun 2018 yang mancapai Rp12,61 miliar. Selain itu, beban lainnya neto Perseroan turut mengalami penurunan sebesar Rp1,83 miliar, dari semula Rp1,81 miliar menjadi Rp18,11 juta pada tahun 2019.

Laba (Rugi) Sebelum Pajak PenghasilanPada tahun 2019, Perseroan mengalami rugi sebelum pajak penghasilan sebesar Rp548,73 juta, menurun 312,93% dibandingkan tahun sebelumnya yang mencatatkan laba sebesar Rp257,71 juta. Penurunan ini terjadi sejalan dengan penurunan laba bruto Perseroan.

Laba (Rugi) Tahun BerjalanPada tahun 2019, Perseroan mengalami rugi tahun berjalan mencapai Rp548,73 juta, turun Rp806,44 juta atau sebesar 312,93% dari tahun 2018 yang mencatatkan laba sebesar Rp257,71 juta. Penurunan tersebut berdampak rugi tahun berjalan yang dapat diatribusikan kepada pemilik Entitas Induk yang mengalami penurunan sebesar Rp3,23 miliar.

Laba (Rugi) Komprehensif Tahun BerjalanLaba (rugi) komprehensif tahun berjalan pada tahun 2019 tercatat menurun 312,93% menjadi rugi sebesar Rp548,73 juta dari sebelumnya memperoleh laba sebesar Rp257,71 juta.

Cost of IncomeIn line with the decrease in total income, the cost of income in 2019 also decreased by Rp933.18 million or 24.51% from Rp3.81 billion in 2018 to Rp2.87 billion in 2019. This decrease was triggered by the cost of land sold which was decreased by 22.50% or Rp597.60 million.

Gross ProfitThe gross profit decreased by Rp2.01 billion, from Rp12.49 billion in 2018 to Rp10.48 billion in 2019.

Operating ExpensesOperating Expenses consist of sales expenses, general and administrative expenses, as well as energy, maintenance and operational expenses. In 2019, the Company’s operating expenses decreased by 0.27% to Rp6.39 billion from Rp6.41 billion.

Financial Expenses and Other Income (Expenses)The financial expenses in 2019 was recorded at Rp8.92 billion, decreased by 29.28% compared to 2018 that reached Rp12.61 billion. In addition, the other income (expenses)-net also decreased by Rp1.83 billion, from income amounted to Rp1.81 billion to loss amounted to Rp18.11 million in 2019.

Profit (Loss) Before Income TaxIn 2019, the Company recorded a loss before income tax amounted to Rp548.73 million, a decrease by 312.93% compared to the previous year which recorded a profit before income tax amounted to Rp257.71 million. This decline was in line with the decrease in the Company’s gross profit.

Profit (Loss) for Current YearIn 2019, the Company experienced a loss for current year amounted to Rp548.73 million, decreased by Rp806.44 million or 312.93% from 2018 which recorded a profit for current year amounted to Rp257.71 million. The decrease has an impact on the loss for current year attributable to the owners of the Parent Entity which decreased by Rp3.23 billion.

Comprehensive Profit (Loss) for Current YearComprehensive profit (loss) for current year in 2019 decreased by 312.93% to a loss for current year amounted to Rp548.73 million from a profit for current year amounted to Rp257.71 million.






Laba (Rugi) per SahamPer 31 Desember 2019, laba (rugi) per saham yang diperoleh Perseroan, baik saham dasar maupun saham dilusian mengalami penurunan sebesar 115,38% dari Rp0,26,- menjadi rugi Rp0,04,-. Hal tersebut terjadi karena Perseroan mengalami kerugian tahun berjalan.

Laporan Arus Kas Konsolidasian




Arus Kas dari Aktivitas Operasi 4,015,541 (18,435,233) 22,450,774 121.78 Cash Flow from Operating Activities

Arus Kas dari Aktivitas Investasi 24,981,139 (26,419,155) 51,400,293 194.56 Cash Flow from Investing Activities

Arus Kas dari Aktivitas Pendanaan (24,994,564) 47,774,482 (72,769,046) (152.32) Cash Flow from Financing Activities

Arus Kas dari Aktivitas Operasi Pada tahun 2019, kas neto diperoleh dari aktivitas operasi sebesar Rp4,02 miliar yang diperoleh dari penerimaan dari pelanggan sebesar Rp13,48 miliar, penerimaan bunga Rp4,29 miliar. Sedangkan pada tahun 2018, kas neto digunakan untuk operasi sebesar Rp18,44 miliar yang digunakan untuk pembayaran kepada pemasok, karyawa , dan lain-lain sebesar Rp26,19 miliar, pembayaran beban bunga Rp12,61 miliar, dan pembayaran pajak penghasilan Rp325,50 juta.

Arus Kas dari Aktivitas Investasi Pada tahun 2019, kas neto diperoleh dari aktivitas investasi sebesar Rp25,98 miliar yang diperoleh dari pencairan investasai jangaka pendek Rp25,00 miliar dan penerimaan uang muka pembelian aset sebesar Rp2,45 juta. Sedangkan, pada tahun 2018 kas neto digunakan untuk aktivitas investasi digunakan untuk pembayaran uang muka pemebelian aset Rp59,30 miliar, perolehan aset tetap Rp16,02 miliar, pelepasan Entitas Anak Rp854,21 miliar, dan akuisisi Entitas Anak setelah dikurangi kas dan bank Entitas Anak yang diakuisisi Rp243,25 miliar.

Arus Kas dari Aktivitas PendanaanKas neto digunakan untuk aktivitas pendanaan pada tahun 2019 sebesar Rp24,99 miliar, sedangkan kas neto diperoleh dari aktivitas pendanaan sebesar Rp47,77 miliar yang diperoleh dari penerimaan piutang pihak berelasi Rp100,02 miliar dan penerimaan setoran modal dan tambahan modal disetor Rp411,14 miliar.

Earnings (Loss) per ShareAs of 31 December 2019, earnings (losses) per share obtained by the Company, for both basic shares and diluted shares decreased by 115.38% from a profit of Rp0.26 to a loss of Rp0.04. This was due to the Company experienced a loss for the year.

Consolidated Statements of Cash Flow

Cash Flow from Operating ActivitiesIn 2019, net cash obtained from operating activities amounted to Rp4.02 billion was mainly came from receipts from customers amounted to Rp13.48 billion, interest receipts amounted to Rp4.29 billion. Whereas in 2018, net cash used for operations amounted to Rp18.44 billion was used for payments to suppliers, employees and others amounted to Rp26.19 billion, payment of interest expenses amounted to Rp12.61 billion, and payment of income tax amounted to Rp325.50 million.

Cash Flow from Investing ActivitiesIn 2019, net cash obtained from investing activities amounted to Rp25.98 billion was mainly came from receipt of short-term investment amounted to Rp25.00 billion and receipt of advances for asset purchases amounted to Rp2.45 million. Meanwhile, in 2018 net cash used for investing activities was used to pay advance for asset purchases amounted to Rp59.30 billion, acquisition of fixed assets amounted to Rp16.02 billion, disposal of Subsidiaries amounted to Rp854.21 billion, and acquisition of Subsidiaries after deducting cash and bank in Subsidiaries acquired amounted to Rp243.25 billion.

Cash Flows from Financing ActivitiesNet cash used for financing activities in 2019 was recorded at Rp24.99 billion, while net cash obtained from financing activities amounted to Rp47.77 billion was mainly from receipts of related party receivables amounted to Rp100.02 billion and receipts of paid-in capital and additional paid-in capital amounted to Rp411.14 billion.





Rasio KeuanganProfitabilitas

(dalam %)(in %)

Uraian 2019 2018 DescriptionLaba (Rugi) terhadap Pendapatan (4.11) 1.58 Return on Income

Laba (Rugi) terhadap Total Aset (0.05) 0.02 Return on Total Assets

Laba (Rugi) terhadap Total Ekuitas (0.05) 0.02 Return on Total Equity

ProfitabilitasPerseroan mengukur tingkat profitabilitas menggunakan rasio laba (rugi) terhadap pendapatan, rasio laba (rugi) terhadap aset, dan rasio laba bersih terhadap ekuitas. Berdasarkan ketiga rasio tersebut, profitabilitas Perseroan pda tahun 2019 mengalami penurunan dibandingkan tahun sebelumnya dikarenakan menurunnya pendapatan yang diterima oleh Perseroan. Kedepannya, Perseroan berupaya untuk terus meningkatkan kinerja operasional dengan memaksimalkan aset dan ekuitas yang dimiliki guna memperoleh pendapatan yang optimal.

Kemampuan Membayar UtangKemampuan membayar utang Perseroan diukur dengan rasio likuiditas dan rasio solvabilitas. Rasio likuiditas mencerminkan kemampuan perusahaan untuk melunasi utang jangka pendek, sedangkan rasio solvabilitas menggambarkan kemampuan Perseroan dalam melunasi utang jangka panjang.

(dalam %)(in %)

Uraian 2019 2018 DescriptionRasio Likuiditas Liquidity Ratio

Rasio Lancar 354.25 359.38 Current Ratio

Rasio Solvabilitas Solvency Ratio

Total Liabilitas terhadap Total Ekuitas 5.53 7.78 Total Liabilities to Total Equity Ratio

Total Liabilitas terhadap Total Aset 5.24 7.22 Total Liabilities to Total Assets Ratio

Total Pendapatan terhadap Total Aset 1.17 1.40 Total Income to Total Assets Ratio

Rasio LikuiditasPada tahun 2019, rasio likuiditas Perseroan tercermin dari rasio lancar yang menjadi 354,25% dari sebelumnya mencapai 359,38%. Meskipun kinerja rasio likuiditas mengalami penurunan, namun Perseroan masih mampu memenuhi kewajiban jangka pendek dengan baik.

Financial RatiosProfitability

ProfitabilityThe Company measures the level of profitability using the return on income ratio, return on total assets ratio, and return on total equity ratio. Based on the three ratios, the profitability in 2019 decreased compared to the previous year due to the a decrease in income received by the Company. Going forward, the Company strives to continuously improve operational performance by maximizing assets and equity to obtain optimal income.

Ability to Pay DebtThe ability to pay the Company’s debt is measured by liquidity ratios and solvency ratios. The liquidity ratio reflects the Company’s ability to pay off short-term debt, while the solvency ratio indicates the Company’s ability to pay off long-term debt.

Liquidity RatioIn 2019, the Company’s liquidity ratio was reflected in the current ratio that reached 354.25% from only 359.38% previously. Although the performance of the liquidity ratio has slightly worsened, the Company was still able to meet its short-term obligation.






Rasio SolvabilitasRasio solvabilitas Perseroan diukur melalui rasio total liabilitas terhadap total ekuitas, rasio total liabilitas terhadap total aset, dan total pendapatan terhadap total aset. Pada tahun 2019, ketiga rasio ini mengalami penurunan. Rasio total liabilitas terhadap total ekuitas tercatat sebesar 5,53% dari semula 7,78%. Rasio total liabilitas terhadap total aset mencapai 7,22% di tahun 2018, kini sebesar 5,24%. Sedangkan, rasio total pendapatan terhadap total aset tercatat 1,17% pada tahun 2019, menurun jika dibandingkan tahun 2018 sebesar 1,40%. Hasil rasio tersebut menunjukkan bahwa kemampuan Perseroan dalam memenuhi kemampuan jangka panjang dnegan baik.

Tingkat Kolektibilitas Piutang

(dalam %)(in %)

Uraian 2019 2018 DescriptionRasio Perputaran Piutang (x) 31.16 14.97 Receivables Turnover Ratio (x)

Rata-rata Periode Penagihan (hari) 12 24 Average Collection Period (days)

Tingkat kolektabilitas piutang Perseroan berdasarkan rasio perputaran piutang tercatat sebanyak 31,16 kali, turun dibandingkan tahun 2018 sebanyak 14,97 kali. Sedangkan, rata-rata periode penagihan piutang Perseroan mengalami penurunan menjadi 12 hari, dibanding tahun sebelumnya mencapai 24 hari. Hal ini menunjukkan bahwa kemampuan manajemen dalam mengelola piutang usaha Perseroan baik.

Struktur Permodalan

Perseroan mengelola permodalan untuk memastikan bahwa Perseroan akan mampu untuk melanjutka keberlangusngan usaha, selain memaksimalkan keuntungan para Pemegang Saham melalui optimalisasi saldo utang dan ekuitas. Direksi juga melakukan tinjauan secara berkala terhadap struktur permodalan Perseroan dengan mempertimbangkan biaya permodalan dan risiko yang berhubungan.

Adapun struktur modal Perseroan ditunjukkan sebagai berikut. (dalam ribuan Rupiah)

(in thousand Rupiah)

Uraian 2019 2018 DescriptionUtang Bank 18,747,000 24,996,000 Bank Loan

Dikurangi: Kas dan Setara Kas 10,229,781 6,227,664 Deducted by: Cash and Cash Equivalent

Utang Bersih 8,517,219 18,768,336 Net Debt

Total Ekuitas 1,083,358,427 1,083,905,721 Total Equity

Total 1,091,875,646 1,102,674,056 Total

Solvency RatioThe Company’s solvency ratio is measured through the ratios of total liabilities to total equity, total liabilities to total assets, and total income to total assets. In 2019, these three ratios has experienced a decline. The total liabilities to total equity ratio was recordeda at 5.53% compare to previous year at 7.78%. The total liabilities to total assets ratio reached 7.22% in 2018, currently recorded only at 5.24%. Meanwhile, the total income to total assets ratio was recorded at 1.17% in 2019, a decrease compared to 2018 at 1.40%. However, in spite of the decline, the number of these ratios showed that the Company’s ability to meet its long-term obligation is still good.

Receivables Collectibility Level

The level of the Company’s receivables collectibility based on the receivable turnover ratio was 31.16 times, decreased from 14.97 times in 2018. Meanwhile, the Company’s average receivables collection period decreased to 12 days, compared to the previous year that reached 24 days. This showed that the Management can well manage the Company’s receivables.

Capital Structure

The Company manages its capital to ensure that they will be able to maintain its business sustainability, in addition to maximizing the profits for the Shareholders through the optimization of the debt and equity balance. The Board of Directors also periodically reviews the Company’s capital structure by considering capital costs and related risks.

The Company’s capital structure is shown as follows.





Ikatan Material Terkait Investasi Barang Modal

Hingga akhir tahun 2019, Perseroan tidak memiliki ikatan material terkait investasi barang modal. Seluruh aktivitas investasi barang modal menggunakan anggaran yang telah dialokasikan oleh Perseroan.

Investasi Barang Modal

Investasi barang modal bertujuan untuk mendukung kelancaran kegiatan operasional Perseroan. Investasi barang modal yang dilakukan Perseroan selama 2 tahun terakhir ditunjukkan sebagai berikut.




Tanah - 35,988,406 (35,988,406) (100.00) Land

Bangunan 1,900 4,531,164 (4,529,264) (99.96) Building

Furniture dan perlengkapan 19,415 697,345 (677,930) (97.22) Machine and equipment

Aset dalam Pembangunan Bangunan

- 4,939,392 (4,939,392) (100.00) Assets in Construction

Total 21,315 46,156,307 (46,134,992) (99.95) Total

Informasi material terkait Investasi, Ekspansi, Divestasi, Penggabungan/Peleburan Usaha, Akuisisi, Restrukturisasi Utang dan/atau Modal

Sepanjang tahun 2019, tidak terdapat informasi yang bersifat material mengenai investasi, ekspansi, divestasi, penggabungan/peleburan usaha, akuisisi atau restrukturisasi utang/ modal Perseroan.

Transaksi Material yang Mengandung Benturan Kepentingan atau Transaksi dengan Pihak Berelasi

Pada tahun 2019, Perseroan tidak memiliki transaksi material yang mengandung benturan kepentingan atau transaksi dengan pihak berelasi.

Material Commitment Related to Capital Goods Investment

Until the end of 2019, the Company has no material commitment related to capital goods investment. All capital goods investment activities use the budget allocated by the Company.

Capital Goods Investment

Capital goods investment aims to support the Company’s operations. Capital investment in the Company over the past 2 years is shown as follows.

Material Information Related to Investment, Expansion, Divestment, Business Merger/Consolidation, Acquisitions, Capital and/or Debt Restructuring

During 2019, there was no material information regarding investment, expansion, divestment, business merger/consolidation, acquisition or capital/debt restructuring of the Company.

Material Transactions that Contain Conflicts of Interest or Transactions with Related Parties

In 2019, the Company did not have any material transactions that contained conflicts of interest or transactions with related parties.






Informasi Material Setelah Tanggal Laporan Akuntan

Dampak penyebaran Corona Virus Disease 2019 (COVID-19) sejak awal tahun 2020 menyebabkan ketidakpastian kegiatan operasional dan berdampak pada hasil operasi serta posisi keuangan pada periode setelah akhir tahun keuangan. Perseroan menyadari tantangan yang timbul dari kejadian tersebut dan dampak potensial untuk sektor bisnis Perseroan. Untuk itu, Perseroan akan mengevaluasi situasi secara berkelanjutan, bekerja sama dengan pihak berwenang untuk mendukung dalam mencegah penyebaran COVID-19 dan berusaha untuk meminimalkan dampak terhadap bisnis Perseroan. Akibat semakin berkembangnya situasi ini, pengaruh sepenuhnya dari penyebaran COVID-19 masih menjadi ketidakpastian dan belum dapat ditentukan.

Perubahan Peraturan Perundang-Undangan yang Berdampak Signifikan terhadap Perusahaan

Tidak ada perubahan peraturan perundang-undangan yang berpengaruh signifikan terhadap kinerja Perseroan selama tahun 2019.

Perubahan Kebijakan Akuntansi

Berikut adalah standar akuntansi yang telah disahkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia yang berlaku efektif untuk periode pelaporan yang dimulai pada atau setelah tanggal 1 Januari 2019 dan relevan dengan operasi Perseroan dan Entitas Anak.

ISAK/ Amandemen PSAKIFAS/PSAK Amendments

Dampak terhadap PerseroanImpact on the Company

PSAK 22 (Penyesuaian 2018), Kombinasi Bisnis.PSAK 22 (Amendment in 2018), Business Combination.

Tidak memiliki pengaruh signifikan terhadap Perseroan.Did not have any significant impact on the Company.

PSAK 24 (Amandemen 2018), Imbalan Kerja tentang Amandemen, Kurtailmen atau Penyelesaian Program.PSAK 24 (Amendment in 2018), Employee Benefit on Amendements, Curtailment or Completion of Programs.


PSAK 26 (Penyesuaian 2018), Biaya Pinjaman.PSAK 26 (Adjustment in 2018), Borrowing Costs.


PSAK 46 (Penyesuaian 2018), Pajak Penghasilan.PSAK 46 (Adjustment in 2018), Income Tax.


PSAK 66 (Penyesuaian 2018), Pengaturan Bersama.PSAK 66 (Adjustment in 2018) Joint Control.


ISAK 33, Transaksi Valuta Asing dan Imbalan di Muka.IFAS 33, Foreign Currency Transactions and Advance Consideration.


ISAK 34, Ketidakpastian dalam Perlakuan Pajak Penghasilan.ISAK 34, Uncertainty in the Treatment of Income Taxes.


Material Information After the Accountant’s Report Date

The spread of Corona Virus Disease 2019 (COVID-19) since the beginning of 2020 has caused uncertainty in operational activities and has impacted the results of operations and financial position in the period after the end of the financial year. The Company is very aware of the challenges arising from this event and the potential impacts on the Company’s business sector. Therefore, the Company will regularly evaluate the situation, working with the authorities to support the prevention of the spread of COVID-19 and trying to minimize the impact on the Company’s business. As a result of this growing situation, the full effect of the spread of COVID-19 remains uncertain and undetermined.

Regulatory Changes with Significant Impact to the Company

There are no changes in laws and regulations which have a significant effect on the Company’s performance in 2019.

Changes in Accounting Policies

The following are the accounting standards that have been approved by the Financial Accounting Standards Board at the Institute of Indonesia Chartered Accountants which are effective for the reporting period beginning on or after 1 January 2019 and relevant to the operations of the Company and Subsidiaries.





Aspek PemasaranMarketing Aspects

Perseroan dan Entitas Anak telah menyusun Rencana Usaha Strategis (Strategic Business Plan) yang efektif dalam rangka merespon kebutuhan pelanggan, melalui:

1. Pengembangan properti di daerah potensial Perseroan berencana untuk melakukan eskpansi dengan

membangun sejumlah proyek properti di daerah-daerah potensial.

2. Pelaksanaan proyek-proyek berkelanjutan Dalam pelaksanaan kegiatan operasional, khususnya

properti, Perseroan berkomitmen untuk tidak sekedar melakukan pembangunan, namun juga pengelolaan pada setiap proyek-proyek yang dijalankan. Perseroan juga selalu berusaha menambah cadangan lahan miliknya untuk melakukan ekspansi di masa mendatang. Hal-hal tersebut dilakukan sebagai upaya Perseroan untuk memberikan keuntungan bagi Pemegang Saham dan pemangku kepentingan lainnya, serta diharapkan dapat berdampak pada keberlangsungan usaha Perseroan.

3. Pemanfaatan cadangan lahan di lokasi strategis Salah satu keunggulan Perseroan adalah memiliki

lokasi yang strategis. Perseroan telah menyusun rencana pemanfaatan cadangan lahan tersebut dengan mempertimbangkan kondisi serta keunggulan yang dimiliki masing-masing wilayah, seperti Bintaro dan Cilejet akan dikembangkan sebagai wilayah perumahan, baik vertikal maupun landed house, karena area tersebut berdekatan dengan transportasi publik seperti stasiun kereta api dan jalan tol.

4. Pengembangan properti dengan konsep unik Perseroan berkomitmen untuk memberikan nilai

tambah bagi pelanggan. Atas dasar itu, beberapa proyek dibangun dengan mengusung konsep yang unik, seperti proyek Greenhost Hotel yang dibangun dengan konsep go green dan ramah lingkungan, serta proyek Ayom, sebuah villa untuk bersantai keluarga namun berlokasi yang tidak jauh dari perkotaan.

The Company and Subsidiaries have prepared an effective Strategic Business Plan to respond to the customer needs, through:

1. Property development in potential areas The Company plans to continue expanding by developing

a number of property projects in potential areas.

2. Implementation of sustainable projects In carrying out operational activities, specifically in

property, the Company is committed to not only carrying out development, but also the management of every project. The Company is also always trying to add its land reserves for future expansion. These measures are carried out as an effort by the Company to provide benefits to the Shareholders and other stakeholders, and are expected to have an impact on the Company’s business sustainability.

3. Utilization of land reserves in strategic locations One of the Company’s strengths is the assets are located

in strategic locations. The Company has prepared a plan to utilize the land reserves by considering the conditions and advantages of each region, such as land reserves in Bintaro and Cilejet will be developed as residential areas, both vertical and landed houses, because the area is adjacent to public transportation such as train stations and toll roads.

4. Property development with a unique concept The Company is committed to provide added value

for the customers. Based on this commitment, several projects were built using a unique concept, such as the Greenhost Hotel project which was built with the go green and environmentally friendly concept, and the Ayom project, a villa for family to relaxing but located not far from urban areas.






Perbandingan Target dan Realisasi Tahun 2019

Pada tahun 2019, Perseroan belum berhasil mencapai target yang telah ditetapkan pada awal tahun buku. Dari sisi pencapaian kinerja keuangan, pendapatan dan laba tahun berjalan juga menunjukkan penurunan dibanding tahun sebelumnya. Kondisi ini diluar ekspektasi manajemen karena ketidakpastian ekonomi serta ketatnya persaingan usaha.

Prospek Usaha

Di tahun 2020, baik perekonomian global maupun Indonesia diproyeksikan akan melemah. Hal tersebut sejalan dengan meluasnya dampak penyebaran Corona Virus Disease 2019 (COVID-19) ke seluruh dunia. Prospek perekonomian global dan domestik pada 2020 sangat tergantung pada proses penanganan dan pemulihan ekonomi pasca COVID-19.

Penyebaran COVID-19 yang terjadi sejak akhir 2019 mengakibatkan pemerintah menerapkan kebijakan Pembatasan Sosial Berskala Besar (PSBB) hingga penyebaran virus dapat mereda. Kebijakan tersebut berdampak besar terhadap sektor usaha Perseroan yang berfokus pada perhotelan.

Bank Indonesia memprakirakan perekonomian Indonesia baru kembali membaik pada 2021. Prakiraan ini didukung oleh proyeksi pertumbuhan ekonomi global 2021 yang kembali meningkat seiring dengan pemulihan ekonomi global pasca berakhirnya tekanan COVID-19.

Guna mengatasi tantangan ke depan, Perseroan telah menyiapkan strategi untuk memantau dan mengatasi dampak negatif dari pandemi global COVID-19 terhadap proses operasional dan pengembangan bisnis Perseroan.

Sumber:

Bank Indonesia - Tinjauan Kebijakan Moneter Januari 2020.

Comparison of Targets and Realization in 2019

In 2019, the Company did not succeed in achieving the targets set at the beginning of the financial year. In terms of financial performance, revenue and profit for the current year also showed a decline compared to the previous year. This result was beyond the Management’s expectations due to economic uncertainty and intense business competition.

Business Prospect

In 2020, both global and Indonesia’s economy are projected to be weakened. This is due to the global impact of the Corona Virus Disease 2019 (COVID-19) pandemic that spread throughout the world. Global and domestic economic prospects in 2020 are highly dependent on the process of handling this pandemic and post COVID-19 economic recovery.

The spread of COVID-19 which occurred since late 2019 resulted in the Government implementing a Large-Scale Social Restrictions (PSBB) policy to inhibit the spread of the virus. This policy has a major impact on the Company’s business sector that focuses on hospitality.

Bank Indonesia predicts that the Indonesian economy will only recover in 2021. This forecast is supported by the projected global economic growth in 2021, which will again improve in line with the global economic recovery after the end of COVID-19 pressure.

To overcome challenges in the future, the Company has prepared a strategy to monitor and overcome the negative impact of the COVID-19 global pandemic on the Company’s operational processes and business development.

Source:

Bank Indonesia - Monetary Policy Review January 2020.





Proyeksi 2020

Untuk tahun 2020, Perseroan telah menetapkan berbagai strategi yang disusun untuk mencapai target pertumbuhan usaha. Perseroan telah menetapkan target pendapatan, laba tahun berjalan, dan total aset dengan mempertimbangkan kondisi Perseroan saat ini, rencana pengembangan usaha periode selanjutnya, dan kondisi ekonomi makro..

Aspek Pemasaran

Strategi PemasaranDalam mendukung pencapaian strategic business plan dan untuk menghadapi persaingan di industri properti, Perseroan telah menetapkan strategi-strategi pemasaran sebagai berikut.

1. Pengelolaan Properti Perseroan memasarkan produk hotel dan villa melalui:

a. Website proyek milik Perseroan;b. Wholesale agen yaitu agen perjalanan yang

bekerjasama dengan masing-masing proyek; danc. Situs Online, sebagian besar situs online memasarkan

proyek milik Perseroan melalui situs dan aplikasi masing-masing.

2. Pengembangan Properti Perseroan juga memiliki proyek yang dapat

dikembangkan maupun diperjualbelikan. Proyek ini terdiri dari vertical housing dan landed house. Untuk segmen pemasaran, Perseroan berencana menggunakan tenaga pemasaran yang dikelola sendiri melalui marketing yang akan direkrut dan dilatih oleh Entitas Anak yang memiliki proyek maupun sedang dikerjakan. Selain itu, Perseroan juga melakukan kerjasama dengan beberapa agen properti.

Projection in 2000

For 2020, the Company has prepared a number of strategies designed to achieve business growth targets. The Company has set targets for revenue, profit for the current year and total assets by taking into account the Company’s current condition, business development plans for the next period, and macroeconomic conditions.

Marketing Aspects

Marketing StrategyTo support the achievement of the strategic business plan and to face competition in the property industry, the Company has established the following marketing strategies.

1. Property Management The Company shall markets its hotel and villa products

through:a. The Company’s project website;b. Wholesale agents, i.e. travel agents who has a

collaboration ageement with each project; andc. Online Sites, most online sites market the Company’s

projects through their respective sites and applications.

2. Property Development The Company also has projects that can be developed or

to be sold. This project consists of a vertical housing and landed house. For the marketing segment, the Company plans to use marketing staff that managed internally by the Marketing department. These marketing staffs will be recruited and trained by Subsidiaries that are currently have ongoing projects. In addition, the Company also entered a partnership with several property agents.






Tata Kelola PerusahaanCorporate Governance





Komitmen Penerapan Tata Kelola PerusahaanCommitment in the Implementation of Corporate Governance Policy

Perseroan memiliki komitmen yang kuat untuk menerapkan praktik tata kelola perusahaan yang baik (good corporate governance/GCG). Komitmen ini tentunya melibatkan setiap insan Perseroan, sehingga dalam pelaksanaannya, Perseroan berfokus pada upaya untuk meningkatkan pengelolaan perusahaan ke arah praktik-praktik bisnis terbaik yang berlandaskan pada prinsip-prinsip GCG. Prinsip-prinsip tersebut mengacu 5 prinsip yaitu: transparansi, akuntabilitas, responsibilitas, independensi, dan kewajaran.

Penerapan Pedoman Tata Kelola Perusahaan TerbukaImplementation of Governance Guideline for Public Companies

Sebagai perusahaan terbuka, Perseroan berpedoman pada Surat Edaran Otoritas Jasa Keuangan No. 32/SEOJK.04/2015 tentang Pedoman Tata Kelola Perusahaan Terbuka yang implementasinya diuraikan sebagai berikut.

No. Aspek/Prinsip/RekomendasiAspects/Principles/Recommendation

StatusStatus

UraianDescription

I. Hubungan Perusahaan terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham / Relation between Public Listed Company with Shareholders in Guaranteeing the Shareholders Rights

1. Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS) / To Increase the Value of General Meeting of Shareholders (GMS).

a. Perusahaan terbuka memiliki cara atau prosedur teknis pengumpulan suara (voting), baik secara terbuka maupun tertutup yang mengedepankan independensi, dan kepentingan Pemegang Saham.The public listed company has methods and technical procedures in conducting an open or close voting that prioritize the independency and interest of the Shareholders.

TerpenuhiFullfilled

Perseroan memiliki prosedur pengumpulan suara dalam RUPS sebagaimana diatur dalam Anggaran Dasar Perseroan.The Company has a voting procedure at the GMS as stipulated in the Articles of Association.

b. Seluruh anggota Direksi dan anggota Dewan Komisaris perusahaan terbuka hadir dalam RUPS Tahunan.All members of the Public Company’s Board of Directors and members of the Board of Commissioners attended the Annual GMS.

TerpenuhiFullfilled

Seluruh anggota Direksi dan Dewan Komisaris telah menghadiri RUPS Tahunan pada 29 Mei 2019.All members of the Board of Commissioners and Board of Directors attended Annual General Meeting of Shareholders held in 29 May 2019.

c. Ringkasan risalah RUPS tersedia dalam situs web perusahaan terbuka paling sedikit selama 1 tahun.The summary of minutes of the GMS is available at public listed company web site and is accessable for a minimum period of 1 (one) year.

Penjelasan Explanation

Perseroan belum menyediakan risalah RUPS dalam situs website. Namun kedepannya, Perseroan akan menyediakan risalah RUPS dalam situ website.The Company has not posted GMS minutes on its website. However, going forward, the Company will post the GMS minutes on the website.

2. Meningkatkan Kualitas Komunikasi Perusahaan terbuka dengan Pemegang Saham atau Investor. / To Improve the Quality of Communication between the Public Listed Company and the Shareholders or Investor.

a. Perusahaan terbuka memiliki suatu kebijakan komunikasi dengan Pemegang Saham atau investor.The public listed company has a communication policy with the Shareholders or Investor.

TerpenuhiFullfilled

Kebijakan komunikasi dengan Pemegang Saham dan investor telah diatur dalam Anggaran Dasar dan peraturan perusahaan lainnya yang terkait.Communication policy with the Shareholders and investors is stipulated in the Articles of Association and other related Company’s regulation.

The Company has a strong commitment to implement good corporate governance (GCG) practices. This commitment certainly involves every employees, so that in its implementation, the Company focuses on efforts to improve company management towards best business practices based on GCG principles. These principles refer to 5 principles, namely: transparency, accountability, responsibility, independence and appropriateness.

As a public company, the Company refers to the Financial Services Authority Circular Letter No. 32/SEOJK.04/2015 concerning Corporate Governance Guidelines for Public Companies which implementation is described as follows.







StatusStatus

UraianDescription

b. Perusahaan terbuka mengungkapkan kebijakan komunikasi perusahaan terbuka dengan Pemegang Saham atau investor dalam situs web.The public listed company disclose the communication policy transparently with the Shareholders of Investor in its website.

TerpenuhiFullfilled

Pengungkapan Kebijakan Komunikasi Perseroan telah disampaikan dalam Laporan Tahunan yang telah dimuat dalam website Perseroan.Disclosure of the Communication Policy is conveyed in the Annual Report contained in the Company’s website.

II. Fungsi dan Peran Dewan Komisaris / Board of Commissioners Function and Role

3. Memperkuat Keanggotaan dan Komposisi Dewan Komisaris / To strengthen the Membership and Composition of the Board of Commissioners.

a. Penentuan jumlah anggota Dewan Komisaris mempertimbangkan kondisi perusahaan terbuka.To determine the number of Board of Commissioners’ member by considering the company’s condition.

TerpenuhiFullfilled

Penentuan jumlah Dewan Komisaris telah disesuaikan dengan kompleksitas usaha Perseroan sesuai Anggaran Dasar Perseroan dan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik.The determination of the number of the Board of Commissioners has been adjusted to the complexity of the Company’s business in accordance with the Articles of Association and Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of Issuers or Public Companies.

b. Penentuan komposisi anggota Dewan Komisaris memperhatikan keberagaman keahlian, pengetahuan, dan pengalaman yang dibutuhkan.To determine the composition of the Board of Commissioners member by taking into account the diversity of skills, knowledge, and required experiences.

TerpenuhiFullfilled

Anggota Dewan Komisaris terdiri dari orang-orang yang profesional dan kompeten dibidangnya, dengan beragam keahlian, pengetahuan, dan pengalaman yang sesuai dengan bisnis Perseroan.Members of the Board of Commissioners consist of people who are professional and competent in their fields, with a variety of expertise, knowledge, and experience in accordance with the Company’s business.

4. Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris / To Improve the Implementation Quality of Board of Commissioners’ Duties and Responsibilities.

a. Dewan Komisaris mempunyai kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Dewan Komisaris.The Board of Commissioners has its self assessment policy for Board of Commissioners performance evaluation.

TerpenuhiFullfilled

Kebijakan penilaian kinerja Dewan Komisaris diatur dalam Anggaran Dasar Perseroan serta mengacu pada Peraturan Otoritas Jasa Keuangan tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik.Policy on the Board of Commissioners performance assessment is stipulated in the Articles of Association and adjusted to the Financial Services Authority Regulation on the Board of Directors and Board of Commissioners of Issuer or Public Company.

b. Kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Dewan Komisaris, diungkapkan melalui laporan tahunan perusahaan terbuka.The self assessment policy for Board of Commissioners evaluation is stated in the public listed company’s annual report.

TerpenuhiFullfilled

Kebijakan penilaian kinerja Dewan Komisaris telah diungkapkan dalam Laporan Tahunan ini pada uraian Penilaian Kinerja Dewan Komisaris.The Board of Commissioners performance assessment policy has been disclosed in this Annual Report at the description of Performance Assessment of the Board of Commissioners.

c. Dewan Komisaris mempunyai kebijakan terkait pengunduran diri anggota Dewan Komisaris apabila terlibat dalam kejahatan keuangan.The Board of Commissioners has a policy concerning the resignation of Board of Commissioners’ member who is involved in the financial crime.

TerpenuhiFullfilled

Kebijakan pengunduran diri Dewan Komisaris telah diatur dalam Anggaran Dasar Perseroan dan sesuai dengan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik.Policy on the resignation of any member of the Board of Commissioners is stipulated in the Articles of Association and in conformity with the Regulation of Financial Services Authority No. 33/POJK.04/2014 on the Board of Directors and Board of Commissioners of Issuer or Public Company.






StatusStatus

UraianDescription

d. Dewan Komisaris atau Komite yang menjalankan fungsi nominasi dan remunerasi menyusun kebijakan suksesi dalam proses nominasi anggota Direksi.Board of Commissioners that perform a nomination and remuneration function shall establish a succession policy related to the nomination process of Board of Director’s member.

TerpenuhiFullfilled

Komite Nominasi dan Remunerasi telah melaksanakan kebijakan terkait suksesi dalam proses nominasi anggota Direksi yang disesuaikan dengan Peraturan Otoritas Jasa Keuangan tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik. The Nomination and Remuneration Committee has implemented any policy related to succession in the Board of Directors member nomination process as adjusted to the Financial Services Authority Regulation on the Board of Directors and Board of Commissioners of Issuer or Public Company.

III. Fungsi dan Peran Direksi / Board of Directors Function and Role

5. Memperkuat Keanggotaan dan Komposisi Direksi / To Strengthen the Board of Directors Membership and Composition.

a. Penentuan jumlah anggota Direksi mempertimbangkan kondisi perusahaan terbuka serta efektivitas dalam pengambilan keputusan.To determine the number of Board of Directors member by considering the public listed company condition as well as the effectiveness of the decision making.

TerpenuhiFullfilled

Penentuan jumlah Direksi telah disesuaikan dengan kompleksitas usaha Perseroan serta mengacu pada Anggaran Dasar Perseroan dan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik.Determination of the number of Directors has been adjusted to the complexity of the Company’s business and refers to the Articles of Association and Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of Issuers or Public Companies.

b. Penentuan komposisi anggota Direksi memperhatikan keberagaman keahlian, pengetahuan, dan pengalaman yang dibutuhkan.To determine the composition of Board of Director’s member by taking into account the diversity of skills, knowledge, and required experiences.

TerpenuhiFullfilled

Komposisi Direksi telah memperhatikan keberagaman keahlian, pengetahuan, dan pengalaman yang relevan dengan bidang usaha Perseroan.The composition of the Board of Directors has considered to the diversity of expertise, knowledge and experience relevant to the Company’s business fields.

c. Anggota Direksi yang membawahi bidang akuntansi atau keuangan memiliki keahlian dan/atau pengetahuan di bidang akuntansi.Member of the Board of Directors in charge of finance and accounting has accounting expertise and/or knowledge

TerpenuhiFullfilled

Direktur Independen memiliki pengalaman dan pengetahuan di bidang akuntansi dan keuangan.The Independent Director has knowledge and expertise on finance and accounting.

6. Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi / To Improve the Implementation Quality of Board of Directors Duties and Responsibilities.

a. Direksi mempunyai kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Direksi.Board of Directors has its self assessment policy for Board of Directors performance evaluation.

TerpenuhiFullfilled

Kebijakan penilaian kinerja Direksi diatur dalam Anggaran Dasar Perseroan serta disesuaikan dengan Peraturan Otoritas Jasa Keuangan tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik.Policy on the Board of Directors performance assessment is provided in the Articles of Association and adjusted to the of Financial Services Authority Regulation on the Board of Directors and Board of Commissioners of Issuer or Public Company.

b. Kebijakan penilaian sendiri (self assessment) untuk menilai kinerja Direksi diungkapkan melalui laporan tahunan perusahaan terbuka.The self assessment policy for Board of Directors evaluation is stated in the public listed company’s annual report

TerpenuhiFullfilled

Kebijakan penilaian kinerja Direksi telah diungkapkan dalam Laporan Tahunan ini pada uraian Penilaian Kinerja Direksi.The Board of Directors performance assessment policy has been disclosed in this Annual Report in the description of Performance Assessment of the Board of Directors.

c. Direksi mempunyai kebijakan terkait pengunduran diri anggota Direksi apabila terlibat dalam kejahatan keuangan.Board of Directors has a policy concerning the resignation of Board of Directors member who is involved in the financial crime

TerpenuhiFullfilled

Kebijakan pengunduran diri Direksi telah diatur dalam Anggaran Dasar Perseroan dan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik.Policy on the resignation of any member of the Board of Directors is stipulated in the Articles of Association and the Regulation of Financial Services Authority No. 33/POJK.04/2014 on the Board of Directors and Board of Commissioners of Issuer or Public Company.

IV. Partisipasi Pemangku Kepentingan / Participation of the Stakeholders

7. Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan / To Improve the Good Corporate Governance Aspect through the Participation of the Stakeholders.







StatusStatus

UraianDescription

a. Perusahaan terbuka memiliki kebijakan untuk mencegah terjadinya insider trading.The public listed company has a policy on insider trading prevention.

TerpenuhiFullfilled

Perseroan menerapkan kebijakan terkait insider trading yang dikeluarkan oleh Otoritas Jasa Keuangan.The Company applies policy on insider trading as issued by the Financial Services Authority.

b. Perusahaan terbuka memiliki kebijakan anti korupsi dan anti fraud.The public listed company has a policy on anti corruption and anti fraud.

TerpenuhiFullfilled

Perseroan memiliki kebijakan anti korupsi dan anti fraud terutama terkait pengurusan proyek yang dikelola.The Company has anti-corruption and anti-fraud policies, especially related to existing project management.

c. Perusahaan terbuka memiliki kebijakan tentang seleksi dan peningkatan kemampuan pemasok atau vendor.The public listed company has a policy on selection and upgrading of suppliers and vendors.

TerpenuhiFullfilled

Perseroan memiliki kebijakan tentang seleksi dan peningkatan kemampuan pemasok atau vendor yang menjadi panduan bagi unit terkait dalam menentukan mitra kerja.The Company has a policy on the selection and improvement of supplier’s or vendor’s capability as a reference for related unit to determine work partner.

d. Perusahaan terbuka memiliki kebijakan tentang pemenuhan hak-hak kreditur.The public listed company has a policy on the settlement of the creditors’ rights.

TerpenuhiFullfilled

Perseroan memiliki kebijakan tentang pemenuhan hak-hak kreditur, dengan senantiasa mengupayakan pemenuhan ketentuan yang dimuat dalam perjanjian dengan kreditur.The Company has a policy in fulfilling creditor’s rights by always trying to fulfill any provisions in the creditor agreement.

e. Perusahaan terbuka memiliki kebijakan sistem whistleblowingThe public listed company has a policy on whistleblowing system.

TerpenuhiFullfilled

Perseroan belum memiliki kebijakan sistem whistleblowing. Namun, pelaksanaan pengelolaan pengaduan pelanggaran telah dilaksanakan oleh unit–unit dan dilaporkan oleh Sekretaris Perusahaan. The Company has not prepared any whistleblowing policy yet. However, implementation of whistleblowing management was conducted by related units and reported to the Corporate Secretary.

f. Perusahaan terbuka memiliki kebijakan pemberian insentif jangka panjang kepada Direksi dan karyawan.The public listed company has a policy on giving a long term incentive to the Board of Directors and the employees.

TerpenuhiFullfilled

Perseroan memiliki kebijakan pemberian insentif jangka panjang bagi Direksi dan karyawan berupa tingkat diskonto, dana pensiun serta tingkat kenaikan kerja di masa mendatang.The Company has a policy of providing long-term incentive for the Board of Directors and employees in the form of discount, and level of work increase in future.

V. Keterbukaan Informasi / Information Transparency

8. Meningkatkan Pelaksanaan Keterbukaan Informasi / To Improve the Implementation of Information Transparency

a. Perusahaan terbuka memanfaatkan penggunaan teknologi informasi secara lebih luas selain situs web sebagai media keterbukaan informasi.The public listed company utilize the use of information technology more widely in addition to the website as the media of information transparency.

TerpenuhiFullfilled

Media keterbukaan informasi melalui situs web Perseroan dianggap telah mencukupi bagi kondisi usaha saat ini.Media for information disclosure through the Company’s website is considered sufficient for the current business conditions.

b. Laporan Tahunan perusahaan terbuka mengungkapkan pemilik manfaat akhir dalam kepemilikan saham perusahaan terbuka paling sedikit 5%, selain pengungkapan pemilik manfaat akhir dalam kepemilikan saham perusahaan terbuka melalui Pemegang Saham Utama dan Pengendali.The public listed company annual report disclose the final beneficiary ownership in the public company’s shares of at least 5%, aside from the disclosure of the final beneficiary owner through Major and Controlling Shareholders.

TerpenuhiFullfilled

Perseroan telah mengungkapkan pemilik manfaat akhir dalam uraian Pemegang Saham Utama dan Pengendali dalam Laporan Tahunan ini.The Company has revealed the ultimate beneficial owner in the description of the Major and Controlling Shareholders in this Annual Report.





Rapat Umum Pemegang SahamGeneral Meeting of Shareholders

Rapat Umum Pemegang Saham (RUPS) adalah organ Perseroan yang memiliki kewenangan yang tidak diberikan kepada Direksi dan Dewan Komisaris. Berdasarkan Anggaran Dasar Perseroan, RUPS terdiri dari RUPS Tahunan dan RUPS Luar Biasa. RUPS Tahunan diselenggarakan paling lambat 6 bulan setelah tahun buku berakhir, sedangkan RUPS Luar Biasa dapat diadakan sesuai dengan kebutuhan perusahaan.

Pelaksanaan RUPS Tahun 2019

Sepanjang tahun 2019, Perseroan telah mengadakan 1 kali RUPS Tahunan dan 1 kali RUPS Luar Biasa pada 29 Mei 2019 di Hotel Ritz-Carlton Pacific Place, Ruang Meeting 123 Lt. 8. Hasil keputusan RUPS Tahunan 2019 diuraikan sebagai berikut.

Keputusan RUPS Tahunan 2019

KeputusanResolution

RealisasiRealization

Menyetujui dan mengesahkan Laporan Tahunan, Laporan Keuangan, dan Laporan Tugas Pengawasan Dewan Komisaris Perseroan untuk tahun buku 2018 serta memberikan pembebasan tanggung jawab sepenuhnya (acquit et de charge) kepada Dewan Komisaris dan Direksi Perseroan atas tindakan pengawasan dan pengurusan yang mereka lakukan untuk tahun buku 2018. Approved and ratified the Annual Report, Financial Statements, and Supervisory Report of the Board of Commissioners for 2018 financial year and provided full release of responsibility (acquit et de charge) to the Board of Commissioners and Board of Directors for supervision and management actions for 2018 financial year.

Telah direalisasikan sepenuhnya.Fully Realized.

Menyetujui penggunaan laba bersih Perseroan tahun buku 2018 sebesar Rp257.706.783,- sebagai berikut.• Sebesar Rp19.570.860,- akan dibukukan sebagai dana cadangan; • Sisanya yaitu sebesar Rp238.135.923,- sebagai laba ditahan untuk kegiatan operasional Perseroan. Approved the use of the Company’s net profit for the 2018 financial year amounted to Rp257,706,783 as follows.• Net profit amounted to Rp.19,570,860 will be recorded as a reserve fund;• The remaining amount of Rp238,135,923 as retained earnings for the Company’s operational activities.


Menunjuk Kantor Akuntan Publik Herman, Dody, Tanumihardja, & Rekan yang akan melakukan audit atas buku-buku Perseroan untuk tahun buku 2019. Appointed Herman, Dody, Tanumihardja & Partners Public Accounting Firm who will conduct an audit of the Company’s books for 2019 financial year.


Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk: • Menetapkan honorarium dan persyaratan-persyaratan lain penunjukan akuntan publik tersebut; • Menunjuk kantor akuntan publik pengganti bilamana kantor akuntan publik tersebut tidak dapat melaksanakan

tugas auditnya sesuai dengan standar akuntansi dan ketentuan perundangan yang berlaku, termasuk peraturan di bidang pasar modal dan peraturan Bapepam dan LK dan/atau Peraturan Otoritas Jasa Keuangan.

Provided power and authority to the Board of Commissioners to:• Determine a honorarium and other requirements for the appointment of the public accountant;• Appoint a substitute public accounting firm if the public accounting firm cannot carry out its audit duties in

accordance with the accounting standards and applicable legal provisions, including capital market regulations and Bapepam and LK regulations and/or Financial Services Authority Regulations.


Memberikan kuasa dan melimpahkan wewenang kepada Dewan Komisaris Perseroan untuk menentukan besarnya gaji, honorarium, dan tunjangan lainnya bagi seluruh anggota Direksi Perseroan untuk tahun buku 2019. Provided power and delegated authority to the Board of Commissioners to determine the amount of salary or honorarium and other benefits for all members of the Board of Directors for 2019 financial year.


General Meeting of Shareholders (GMS) is a Company’s organ that has authority not given to the Board of Directors and the Board of Commissioners. Based on the Articles of Association, the GMS consists of Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders. AGMS is held no later than 6 months after the book year ends, while EGMS can be organized any time in accordance to the Company’s needs.

Organization of 2019 General Meeting of ShareholdersDuring 2019, the Company held 1 AGMS and 1 EGMS on 29 May 2019 at the Ritz-Carlton Pacific Place Hotel, 123th Meeting Room on the 8th Floor. The resolutions of the 2019 Annual General Meeting of Shareholders are described as follows.

The Resolution of 2019 General Meeting of Shareholders






Keputusan RUPS Luar Biasa 2019

KeputusanResolution


Memberikan persetujuan kepada Direksi Perseroan untuk mengalihkan, melepaskan hak atau menjadikan jaminan utang atas kekayaan Perseroan baik sebagian maupun atau seluruhnya dalam satu transaksi atau beberapa transaksi yang berdiri sendiri ataupun yang berkaitan satu sama lain, untuk jangka waktu sampai dengan diselenggarakannya RUPS selanjutnya yaitu tahun 2020 dalam rangka fasilitas keuangan yang diterima oleh Perseroan dan/atau Entitas Anak Perseroan, ataupun perpanjangan maupun refinancing (berikut seluruh penambahan dan/atau perubahannya). Provided approval to the Board of Directors to transfer, release rights or make collateral for the Company’s assets either partially or wholly in one transaction or several stand-alone transactions or related to each other, for a period until the next annual General Meeting of Shareholders in 2020, in the context of financial facilities received by the Company and/or its Subsidiaries, or extension or refinancing (including all additions and / or changes).


Memberi kuasa kepada Direksi Perseroan untuk menyatakan keputusan tersebut dalam suatu akta notaris dan untuk itu dikuasakan menghadap notaris, menandatangani akta, dokumen atau surat-surat serta melakukan segala sesuatu yang diperlukan tercapainhya maksud tersebut di atas tanpa ada yang dikecualikan. Provided authorization to the Board of Directors to declare this resolution in a notary deed and for that purpose it is authorized to face the Notary, sign deeds, documents or letters and perform everything necessary to achieve the aforementioned purpose without being excluded.


Menyetujui perubahan penggunaan dana yang semula untuk PT Ayana Hotel Indonesia akan dilalokasikan/diinvestasikan ke PT Ayana Property Internasional. Approved changes to the use of funds originally for PT Ayana Hotel Indonesia. This fund will be allocated/invested in PT Ayana Property Internasional.


Menyetujui perubahan alamat domisili menjadi di Jl. Raya Cendrawasih No. 88, Kerobokan Kelod, Kuta Utara, Badung, Bali, 80361.Approved the change of domicile address to Jl. Raya Cendrawasih No. 88, Kerobokan Kelod, Kuta Utara, Badung, Bali, 80361.


Memberi kuasa kepada Direksi Perseroan untuk menyatakan keputusan ini dalam suatu akta notaris dan untuk itu dikuasakan menghadap notaris, menandatangani akta, dokumen, atau surat-surat serta melakukan segala sesuatu yang diperlukan untuk tercapainya maksud tersebut di atas tanpa ada yang dikecualikan sekaligus memohon persetujuan perubahan tempat kedudukan dan melakukan pemberitahuan perubahan alamat domisili kepada pihak yang berwenang. Provided authorization to the Board of Directors to declare this resolution in a notary deed and for that purpose it is authorized to face the Notary, sign deeds, documents or letters and perform everything necessary to achieve the aforementioned purpose without being excluded at the same time requesting approval for a change of domicile and notifying the change of domicile address to the authorities.


Pelaksanaan RUPS Tahun 2018

Sepanjang tahun 2018, Perseroan telah mengadakan 1 kali RUPS Tahunan dan 1 kali RUPS Luar Biasa pada 27 Juni 2018 di Ritz-Carlton, Pacific Place, Jakarta. Hasil keputusan RUPS Tahunan 2018 diuraikan sebagai berikut.

Keputusan RUPS Tahunan 2018

KeputusanResolution


Menyetujui dan mengesahkan Laporan Tahunan, Laporan Keuangan, dan Laporan Tugas Pengawasan Dewan Komisaris Perseroan untuk tahun buku 2017 serta memberikan pembebasan tanggung jawab sepenuhnya (acquit et de charge) kepada Dewan Komisaris dan Direksi Perseroan atas tindakan pengawasan dan pengurusan yang mereka lakukan untuk tahun buku 2017.‘Approved and ratified the Annual Report, Financial Statements, and Supervisory Report of the Board of Commissioners for 2017 financial year and providef full release of responsibility (acquit et de charge) to the Board of Commissioners and Board of Directors for supervision and management actions for 2017 financial year.


Resolution of 2019 Extraordinary General Meeting of Shareholders

Organization of 2018 General Meeting of Shareholders

During 2018, the Company held 1 AGMS and 1 EGMS on 27 June 2018 at Ritz-Carlton, Pacific Place, Jakarta. The resolution of the 2018 Annual General Meeting of Shareholders are described as follows.

The Resolution of 2018 General Meeting of Shareholders





KeputusanResolution


Menyetujui untuk tidak membagikan dividen dan dana cadangan.Agreed not to distribute dividends and reserve funds.


Menunjuk Kantor Akuntan Publik Paul Hadiwinata, Hidajat, Arsono, Retno, Pailingan & Rekan yang akan melakukan audit atas buku-buku Perseroan untuk tahun buku 2018.Appointed Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Partners Public Accounting Firm who will conduct an audit of the Company’s books for2018 financial year.


Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk:• Menetapkan honorarium dan persyaratan-persyaratan lain penunjukan akuntan publik tersebut.• Menunjuk kantor akuntan publik pengganti bilamana Kantor Akuntan Publik tersebut tidak dapat melaksanakan

tugas auditnya sesuai dengan standar akuntansi dan ketentuan perundangan yang berlaku, termasuk peraturan di bidang pasar modal dan peraturan Bapepam dan LK dan/atau Peraturan Otoritas Jasa Keuangan.

Provided power and authority to the Board of Commissioners to:• Determine a honorarium and other requirements for the appointment of the public accountant.• Appoint a substitute public accounting firm if the public accounting firm cannot carry out its audit duties in

accordance with the accounting standards and applicable legal provisions, including capital market regulations and Bapepam and LK regulations and/or Financial Services Authority Regulations.


Memberikan kuasa dan melimpahkan wewenang kepada Dewan Komisaris Perseroan untuk menentukan besarnya gaji atau honorarium dan tunjangan lainnya bagi seluruh anggota Direksi Perseroan untuk tahun buku 2018.Provided power and delegated authority to the Board of Commissioners to determine the amount of salary or honorarium and other benefits for all members of the Board of Directors for 2018 financial year


Direksi telah melaporkan Realisasi Penggunaan Dana Hasil Penawaran Umum Perseroan 2017 pada RUPS.The Board of Directors has reported the Realization of Use of Funds from the Public Offering Proceed in 2017 at the Annual General Meeting of Shareholders.


Keputusan RUPS Luar Biasa

KeputusanResolution


Memberikan persetujuan kepada Direksi Perseroan untuk mengalihkan, melepaskan hak atau menjadikan jaminan utang atas kekayaan Perseroan baik sebagian maupun atau seluruhnya dalam satu transaksi atau beberapa transaksi yang berdiri sendiri ataupun yang berkaitan satu sama lain, untuk jangka waktu sampai dengan diselenggarakannya RUPS Tahunan selanjutnya yaitu tahun 2019, dalam rangka fasilitas keuangan yang diterima oleh Perseroan dan/atau Entitas Anak Perseroan, ataupun perpanjangan maupun refinancing (berikut seluruh penambahan dan/atau perubahannya).Provided approval to the Board of Directors to transfer, release rights or make collateral for the Company’s assets either partially or wholly in one transaction or several stand-alone transactions or related to each other, for a period until the next annual General Meeting of Shareholders in 2019, in the context of financial facilities received by the Company and/or its Subsidiaries, or extension or refinancing (including all additions and / or changes).


Memberi kuasa kepada Direksi Perseroan untuk menyatakan keputusan ini dalam suatu akta notaris dan untuk itu dikuasakan menghadap notaris, menandatangani akta, dokumen atau surat-surat serta melakukan segala sesuatu yang diperlukan untuk tercapainya maksud tersebut di atas tanpa ada yang dikecualikan.Provided authorization to the Board of Directors to declare this resolution in a notary deed and for that purpose it is authorized to face the Notary, sign deeds, documents or letters and perform everything necessary to achieve the aforementioned purpose without being excluded.


Dewan KomisarisBoard of Commissioners

Dewan Komisaris adalah organ Perseroan yang bertugas melakukan pengawasan secara umum dan/atau khusus sesuai dengan Anggaran Dasar, serta memberi nasihat dan masukan kepada Direksi, salah satunya terkait dengan penerapan prinsip-prinsip GCG.

Resolution of Extraordinary General Meeting of Shareholders

The Board of Commissioners is the Company’s organ that has the duties to perform general and/or specific supervision in accordance with the Articles of Association, as well as providing advice and input to the Board of Directors, one of which is related to the implementation of GCG principles.






Pedoman Kerja Dewan Komisaris

Pelaksanaan tugas dan tanggung jawab Dewan Komisaris mengacu pada Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik serta Anggaran Dasar Perseroan.

Komposisi Dewan Komisaris

Dewan Komisaris Perseroan berjumlah 2 orang, terdiri dari 1 orang Komisaris Utama dan 1 orang Komisaris Independen. Dewan Komisaris diangkat berdasarkan Akta No. 112/2017 periode 2017-2022, dengan komposisi sebagai berikut.

Komisaris Utama : Catur Prianto Komisaris Independen : Elariska Sihaloho

Komisaris Independensi

Perseroan telah memenuhi ketentuan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik dengan dimilikinya 1 orang Komisaris Independen yang saat ini dijabat oleh Elariska Sihaloho. Jumlah tersebut telah memenuhi peraturan dan setara dengan 50% dari jumlah Dewan Komisaris yang menjabat di Perseroan.

Seluruh anggota Dewan Komisaris yang menjabat saat ini tidak memiliki hubungan keuangan, kepengurusan, kepemilikan saham, dan/atau keluarga dengan sesama anggota Dewan Komisaris lainnya, Direksi, maupun Pemegang Saham Pengendali. Dengan dipenuhinya seluruh syarat dasar tersebut, Perseroan meyakini bahwa seluruh anggota Dewan Komisaris mampu memberikan masukan dan pengawasan yang kredibel dan independen.

Rangkap Jabatan Dewan Komisaris

Berdasarkan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik, Dewan Komisaris dapat melaksanakan rangkap jabatan di perusahaan publik lainnya sepanjang tidak bertentangan dengan peraturan dan ketentuan yang berlaku. Pada tahun 2019, Dewan Komisaris Perseroan memiliki rangkap jabatan, namun masih berada dalam koridor Anggaran Dasar dan peraturan perundang-undangan yang berlaku, sehingga tidak mempengaruhinya untuk bertindak secara profesional dan independen.

Board of Commissioners’ Guideline

The implementation of the Board of Commissioners duties and responsibilities refers to the Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of Issuers or Public Companies and the Articles of Association.

Board of Commissioners’ Composition

The Board of Commissioners consists of 2 people, i.e. 1 President Commissioner and 1 Independent Commissioner. The Board of Commissioners is appointed based on Deed No. 112/2017 for the 2017-2022 period, with the following composition.President Commissioner : Catur PriantoIndependent Commissioner : Elariska Sihaloho

Independent Commissioner

The Company has complied with the provisions of the Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of an Issuer or Public Company with 1 Independent Commissioner currently held by Elariska Sihaloho. This has met the regulations requirement and is equivalent to 50% of the total number of the Board of Commissioners.

All currently serving members of the Board of Commissioners do not have financial, management, share ownership, and/or family relationships with other members of the Board of Commissioners, Board of Directors, or Controlling Shareholders. By fulfilling all of these basic requirements, the Company believes that both members of the Board of Commissioners are able to provide credible and independent input and supervision.

Board of Commissioners’ Concurrent PositionBased on the Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of Issuers or Public Companies, the Board of Commissioners may hold concurrent positions in other public companies as long as they do not conflict with the rules and regulations. In 2019, member of the Board of Commissioners has a concurrent position, but it is still in the corridor of the Articles of Association and applicable laws and regulations, so that it does not influence them to act professionally and independently.





Hubungan Afiliasi Dewan Komisaris

Dalam upaya untuk mengambil keputusan yang profesional dan independen, serta meminimalisir terjadinya benturan kepentingan, anggota Dewan Komisaris Perseroan tidak memiliki hubungan afiliasi apapun, baik dengan anggota Dewan Komisaris lainnya, Direksi, Pemegang Saham dan/atau Pengendali.

Tugas dan Tanggung Jawab Dewan Komisaris

Berikut tugas dan tanggung jawab Dewan Komisaris serta realisasi pada tahun 2019:

Tugas dan Tanggung JawabDuties and Responsibilities

Realisasi 2019Realization in 2019

Mengawasi kebijakan pengelolaan dan usaha operasional Perseroan. Supervises the Company’s management and operational business policies.

Dewan Komisaris telah mengawasi kebijakan pengelolaan dan usaha operasional Perseroan melalui beberapa tindakan seperti penunjukan kantor akuntan publik, pelaksanaan praktik sistem pengendalian internal dan manajemen risiko, serta evaluasi praktik GCG sesuai dengan peraturan perundang-undangan yang berlaku. The Board of Commissioners has supervised the Company’s management and operational business policies through several actions such as the appointment of a public accounting firm, the implementation of internal control systems and risk management practices, as well as the evaluation of GCG practices in accordance with applicable laws and regulations.

Memberikan nasihat dan arahan kepada Direksi dalam menjalankan pengurusan Perseroan.Provides advice and direction to the Board of Directors in carrying out the management of the Company.

Dewan Komisaris telah memberikan nasihat dan arahan kepada Direksi dalam menjalankan kegiatan usaha Perseroan maupun terkait kebijakan yang dilakukan melalui rapat gabungan.The Board of Commissioners has provided advice and direction to the Board of Directors in carrying out the Company’s business activities and related policies via joint meetings.

Menyelenggarakan RUPS Tahunan dan RUPS Luar Biasa sesuai dengan kewenangannya yang diatur dalam peraturan perundang-undangan dan Anggaran Dasar.Organizes the Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders in accordance with their authority as stipulated in the legislation and the Articles of Association.

Dewan Komisaris telah melaksanakan RUPS Tahunan dan RUPS Luar Biasa pada 28 Mei 2019 di Hotel Ritz-Carlton Pacific Place Ruang Meeting 123 Lt. 8. The Board of Commissioners held the Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders on 28 May 2019 at the Ritz-Carlton Pacific Place Hotel, 123th Meeting Room on the 8th Floor.

Membentuk beberapa Komite guna mendukung efektivitas pelaksanaan tugas dan tanggung jawab Dewan Komisaris.Established several Committees to support the effectiveness of the implementation of their duties and responsibilities.

Dewan Komisaris telah membentuk Komite Audit serta Komite Nominasi dan Remunerasi sejak tahun 2017. The Board of Commissioners has established the Audit Committee and the Nomination and Remuneration Committee since 2017.

Melakukan evaluasi terhadap kinerja Komite yang membantu pelaksanaan tugas dan tanggung jawab Dewan Komisaris setiap akhir tahun buku.Evaluates the Committees’ performance that helps the Board of Commissioners in carrying out their duties and responsibilities at the end of the financial year.

Hasil dari evaluasi yang dilakukan Dewan Komisaris terhadap kinerja Komite Audit serta Komite Nominasi dan Remunerasi menunjukkan hasil yang baik dalam membantu pelaksanaan fungsi, tugas, dan tanggung jawab Dewan Komisaris. The results of evaluations conducted by the Board of Commissioners on the performance of the Audit Committee and the Nomination and Remuneration Committee showed good results in assisting the implementation of the Board of Commissioners functions, duties and responsibilities.

Board of Commissioners’ Affiliation Relationship

In an effort to take professional and independent decisions, and minimize conflicts of interest, members of the Board of Commissioners do not have any affiliation, either with other members of the Board of Commissioners, Board of Directors, Shareholders and/or Controlling Shareholders.

Board of Commissioners’ Duties and Responsibilities

The following are the duties and responsibilities of the Board of Commissioners and their realization in 2019:






Rapat Dewan Komisaris

Berdasarkan Anggaran Dasar Perseroan, rapat internal DewanKomisaris wajib dilaksanakan paling kurang 1 kali dalam 2 bulan, sedangkan rapat gabungan dengan Direksi paling kurang 1 kali dalam 4 bulan. Frekuensi dan tingkat kehadiran rapat Dewan Komisaris ditunjukkan sebagai berikut.

NamaName

JabatanTitle

Rapat InternalInternal Meeting

Rapat dengan DireksiJoint Meeting with the Board of Directors

Jumlah RapatNumber of Meetings

KehadiranAttendance %



Catur Prianto Komisaris UtamaPresident Commissioner

7 7 100.00 4 4 100.00

Elariska Sihaloho Komisaris IndependenIndependent Commissioner

7 7 100.00 4 4 100.00

Pengembangan Kompetensi Dewan Komisaris

Pada tahun 2019, Dewan Komisaris tidak mengikuti pelatihan maupun pendidikan dari pihak eksternal, namun secara mandiri, anggota Dewan Komisaris melakukan peningkatan kompetensi melalui media buku dan/atau informasi digital.

Penilaian Kinerja Dewan Komisaris

Prosedur Penilaian Penilaian kinerja dilakukan secara periodik dan konsisten setiap tahunnya untuk meningkatkan pencapaian kinerja Dewan Komisaris dan organ pendukungnya ditahun yang akan datang.

Kriteria PenilaianKriteria penilaian dilakukan berdasarkan rencana target yang ditetapkan oleh Dewan Komisaris dengan melakukan evaluasi keseluruhan terhadap realisasi dari target yang ditetapkan. Komite Nominasi dan Remunerasi atau Dewan Komisaris akan memfasilitasi evaluasi tersebut.

Hasil Penilaian Pada tahun 2019, Dewan Komisaris menunjukkan kinerja yang baik dengan pemenuhan kriteria penilaian yang telah ditargetkan serta melaksanakan tugas dan tanggung jawabnya dengan baik.

Board of Commissioners’ Meeting

Based on the Articles of Association, Board of Commissioners internal meetings must be held at least once every 2 months, whereas a joint meeting with the Board of Directors must be conducted at least once every 4 months. The frequency and level of attendance of the Board of Commissioners’ meetings is described as follows.

Board of Commissioners’ Competency Development

In 2019, the Board of Commissioners did not attend any training or education program from external parties, however independently, members of the Board of Commissioners has improved their competency through relevant books and/or digital information.

Performance Assessment of the Board of CommissionersAssessment ProcedurePerformance assessment are conducted periodically and consistently every year to improve the performance of the Board of Commissioners and their supporting organs in the coming years.

Assessment CriteriaThe assessment criteria are made based on the target plan set by the Board of Commissioners by evaluating the overall achievement of the target set. The Nomination and Remuneration Committee or the Board of Commissioners itself will facilitate the evaluation.

Assessment ResultIn 2019, the Board of Commissioners has shown a good performance by fulfilling targeted evaluation criterias and properly carrying out their duties and responsibilities.





Penilaian Kinerja Komite yang Berada di Bawah Dewan Komisaris

Dalam rangka mendukung fungsi pengawasan serta pelaksanaan tugas dan tanggung jawab, Dewan Komisaris dibantu oleh Komite Audit serta Komite Nominasi dan Remunerasi. Kinerja komite-komite tersebut dinilai oleh Dewan Komisaris. Hasil penilaian selama 2019, menunjukkan bahwa peran, fungsi serta rekomendasi yang diberikan komite sangat efektif dalam membantu pelaksanaan fungsi, tugas, dan tanggung jawab Dewan Komisaris.

DireksiBoard of Directors

Direksi bertanggung jawab penuh atas pengurusan Perseroan, sesuai dengan peraturan dan ketentuan yang berlaku. Masing-masing anggota Direksi dapat melaksanakan tugas dan mengambil keputusan sesuai dengan pembagian tugas dan wewenangnya. Namun, pelaksanaan tugas oleh masing-masing anggota Direksi tetap merupakan tanggung jawab bersama.

Pedoman Kerja Direksi

Tugas dan tanggung jawab Direksi berpedoman pada Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik dan Anggaran Dasar Perseroan.

Komposisi Direksi

Komposisi anggota Direksi terdiri dari 2 orang, yaitu Direktur Utama dan Direktur Independen. Komposisi Direksi Perseroan diangkat berdasarkan Akta No. 112/2017 periode 2017-2022, dengan komposisi sebagai berikut. Direktur Utama : Erwin Kusnadi Direktur Independen : Mochammad Ridwan Firdaus

Performance Assessment of Committees Under the Board of Commissioners

In order to support the superivision function and the implementation of duties and responsibilities, the Board of Commissioners is assisted by the Audit Committee and the Nomination and Remuneration Committee. The performance of these committees is assessment by the Board of Commissioners. The results of the assessment in 2019 showed that the roles, functions and recommendations given to the committees were very effective in assisting the implementation of the Board of Commissioners functions, duties and responsibilities.

The Board of Directors is fully responsible for the management of the Company, in accordance with applicable rules and regulations. Each member of the Board of Directors can carry out their duties and make decisions in accordance with the allocation of tasks and authority. However, the execution of duties by each member of the Board of Directors remains a joint responsibility.

Board of Directors’ Guideline

The Board of Directors duties and responsibilities refers to the Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of Issuers or Public Companies and the Articles of Association.

Board of Directors’ Composition

The composition of the Directors consists of 2 people, namely the President Director and Independent Director. The he Board of Directors is appointed based on Deed No. 112/2017 for the 2017-2022 period, with the following composition.President Director : Erwin KusnadiIndependent Director : Mochammad Ridwan Firdaus






Independensi Direksi

Perseroan menjaga agar seluruh Direksi melaksanakan tugasnya secara independen dan profesional demi kepentingan Perseroan, tanpa adanya intervensi dari pihak manapun yang mampu menimbulkan benturan kepentingan yang dapat merugikan Perseroan. Independensi Direksi tercermin dari tidak adanya hubungan keuangan dan kekeluargaan antara Direksi dengan organ-organ Perseroan lain serta tidak adanya rangkap jabatan yang menimbulkan benturan kepentingan.

Rangkap Jabatan Direksi

Sesuai dengan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik, Direksi dapat melaksanakan rangkap jabatan di perusahaan publik lainnya sepanjang tidak bertentangan dengan peraturan dan ketentuan yang berlaku. Meskipun demikian, Direksi yang menjabat tidak sedang melakukan rangkap jabatan di perusahaan manapun.

Hubungan Afiliasi Direksi

Direksi tidak memiliki hubungan keuangan, kepengurusan, kepemilikan dan hubungan keluarga dengan anggota Direksi lainnya, Dewan Komisaris dan/atau Pemegang Saham serta hubungan dengan Perseroan yang dapat mempengaruhi untuk tidak bertindak independen.

Ruang Lingkup Pekerjaan dan Tanggung Jawab Masing-Masing Anggota Direksi

Secara khusus, masing-masing anggota Direksi mempunyai tugas dan tanggung jawab sebagai berikut.

Board of Directors’ Independence

The Company ensures that all Directors carry out their duties independently and professionally in the interests of the Company, without any intervention from any party that is capable of causing a conflict of interest that could harm the Company. The independence of the Board of Directors is reflected in the absence of financial and family relationship between the Board of Directors and other Company’s organs and no concurrent positions that may lead to conflicts of interest.

Board of Directors’ Concurrent Position

In accordance with Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Board of Directors and Board of Commissioners of Issuers or Public Companies, Board of Directors may hold concurrent positions in other public companies as long as they do not conflict with the rules and regulations. Even so, currently both Directors are not holding concurrent positions in any company.

Board of Directors’ Affiliate Relationship

The Board of Directors does not have any financial, management, ownership and family relationship with other members of the Board of Directors, the Board of Commissioners and/or Shareholders as well as relationships with the Company that may influence them not to act independently.

Scope of Duties and Responsibilities of Each Member of the Board of Directors

Specifically, each member of the Board of Directors has the following duties and responsibilities.





NamaName

Bidang TugasField of Duty



Erwin Kusnadi Direktur OperasionalDirector of Operation

Koordinasi seluruh pengelolaan Perseroan Coordinates the overall management of the Company

Direktur Utama telah melaksanakan tugas dan tanggung jawabnya dalam menyusun rencana dan strategis bisnis operasional Perseroan, menentukan kebijakan dan aturan terkait kepegawaian yang sesuai dengan ketentuan yang berlaku, mengangkat dan memberhentikan karyawan sesuai dengan Peraturan Perusahaan, dan memberikan penghargaan atau sanksi kepada karyawan sesuai dengan Peraturan Perusahaan.The President Director has carried out his duties and responsibilities in preparing the Company’s business plans and business strategies, determined policies and regulations related to human resources in accordance with applicable laws and regulations, appointed and dismissed employees in accordance with Company Regulations, and gave awards or sanctions to employees in accordance with Company Regulations .


Direktur Keuangan dan AkuntingDirector of Finance and Accounting

Menyusun kebijakan, merencanakan, mengelola, dan mengendalikan kegiatan keuangan, akuntansi, perpajakan dan perbendaharaan Perseroan, serta melakukan evaluasi terhadap pencapaiannya.Develops policies, plans, manages and controls the Company’s financial, accounting, taxation and treasury activities, and evaluates the achievements.

Direktur Keuangan dan Akunting telah melaksanakan tugas dan tanggung jawabnya dalam menyiapkan dan mengevaluasi laporan keuangan Perseroan, mengkaji dan mengidentifikasi, serta mengelola risiko utama yang berdampak pada operasional Perseroan, dan melakukan pengawasan pada pelaksanaan usaha Perseroan serta prinsip-prinsip GCG.The Director of Finance and Accounting has carried out his duties and responsibilities in preparing and evaluating the Company’s financial statements, reviewing and identifying, and managing the main risks affecting the Company’s operations, and supervising the implementation of the Company’s business and GCG principles.

Rapat Direksi

Direksi juga mengadakan rapat sesuai dengan kebijakan Perseroan, yaitu 1 kali dalam 1 bulan dan rapat dengan Dewan Komsiaris sebanyak 1 kali dalam 4 bulan. Pelaksanaan rapat Direksi Perseroan tersebut diuraikan sebagai berikut.

NamaName

JabatanTitle

Rapat InternalInternal Meeting

Rapat dengan DireksiJoint Meeting with the Board of Directors





Erwin Kusnadi Direktur UtamaPresident Director

12 12 100.00 4 4 100.00


Direktur IndependenIndependent Director

12 12 100.00 4 4 100.00

Board of Directors’ Meeting

Board of Directors hold meetings in accordance to the Company’s policy, i.e. once a month and a joint meeting with the Board of Commissioners once every 4 months. The commencement of Board of Directors meetings is described as follows.






Pengembangan Kompetensi Direksi

Sebagai penunjang untuk meningkatkan kompetensi dan menambah wawasan dalam menjalankan tugas serta tanggung jawab sebagai anggota Direksi, pada tahun 2019, Direksi Perseroan tidak mengikuti pelatihan maupun pendidikan dari pihak eksternal, namun secara mandiri, anggota Direksi melakukan peningkatan kompetensi melalui media buku dan/atau informasi digital.

Penilaian Kinerja Direksi dan Organ Pendukung

Prosedur PenilaianProsedur penilaian dimulai dari penyusunan rencana target tahunan oleh Direksi dan organ pendukungnya, lalu dievaluasi secara menyeluruh mengenai pencapaian target kinerja Direksi dan organ pendukungnya tersebut. Selanjutnya, penyusunan rencana target tahunan oleh Direksi dan organ pendukungnya yang akan disampaikan kepada Dewan Komisaris untuk memperoleh persetujuan. Sedangkan, untuk kinerja organ di bawah Direksi, penilaian kinerja dilakukan oleh Direksi melalui proses evaluasi fungsi dan pencapaian target kinerja masing-masing departemen.

Kriteria PenilaianKriteria yang digunakan adalah laporan kinerja Direksi dan organ pendukungnya. Melalui laporan tersebut, Pemegang Saham melakukan penilaian terhadap kinerja Direksi selama tahun buku berjalan.

Hasil Penilaian KinerjaPada tahun buku 2019, Direksi dan organ pendukungnya telah melaksanakan tugas, tanggung jawab serta wewenangnya dalam mengurus dan mengawasi perusahaan dengan baik sesuai dengan rencana target tahunan.

Board of Directors’ Competency Development

As a support to improve competence and add insight in carrying out their duties and responsibilities as a member of the Board of Directors, in 2019, The Board of Directors did not attend any training or education program from external parties, however independently, members of the Board of Directors has improved their competency through relevant books and/or digital information.

Performance Assessment of the Board of Directors and Supporting Organs

Assessment ProcedureThe assessment procedure starts from the preparation of the annual target plan by the Board of Directors and their supporting organs, then is thoroughly evaluated in relation to the achievement of the targets of the Board of Directors and their supporting organs. Furthermore, the preparation of annual targets by the Board of Directors and their supporting organs will be submitted to the Board of Commissioners for approval. Whereas, the assessment on the performance of organs under the Board of Directors shall be carried out by the Board of Directors through the process of evaluation of their functions and achievment of performance targets of each department.

Assessment CriteriaThe criteria used are the performance report of the Board of Directors and their supporting organs. Through this report, the Shareholders can assess the performance of the Board of Directors during the current financial year.

Assessment ResultIn 2019, The Board of Directors and its supporting organs has properly carry out their duties, responsibilities and authority in managing and supervising the Company in accordance with the annual target plan.





Remunerasi Dewan Komisaris dan DireksiBoard of Commissioners and Board of Directors’ Remuneration

Prosedur dan Dasar Penetapan Remunerasi Dewan Komisaris dan Direksi

Kebijakan pemberian remunerasi dan fasilitas lainnya bagi Dewan Komisaris dan Direksi ditentukan dan diputuskan dalam RUPS berdasarkan keputusan Pemegang Saham dengan mempertimbangkan indikator pencapaian kinerja Direksi, kondisi kesehatan keuangan Perseroan, serta faktor-faktor lain yang relevan dan tidak bertentangan dengan peraturan.

Struktur Remunerasi Dewan Komisaris dan Direksi

Struktur remunerasi Dewan Komisaris dan Direksi terdiri dari komponen berikut.1. Gaji;2. Bonus; dan3. Tunjangan lainnya.

Besaran Remunerasi Dewan Komisaris dan Direksi

Pada tahun 2019, jumlah besaran remunerasi yang diberikan kepada Dewan Komisaris dan Direksi ditunjukkan sebagai berikut.

Jenis RemunerasiType of Remuneration



OrangPerson

Total (jutaan Rupiah)(million Rupiah)

OrangPerson

Total (jutaan Rupiah)(million Rupiah)

Remunerasi Bersifat TetapFixed Remuneration

2 1,246,453,000 2 1,124,430,661Remunerasi Bersifat VariabelVariable Remuneration

Untuk kisaran jumlah tingkat remunerasi yang diterima Dewan Komisaris dan Direksi ditunjukkan sebagai berikut.

The Procedure and Basis in Determining the Board of Commissioners and Board of Directors Remuneration

The policy regarding remuneration and other facilities for the Board of Commissioners and Board of Directors are determined and decided at the GMS based on the Shareholders’ decision by taking into account indicators of the achievement of the Board of Directors’ performance, the Company’s financial condition, and other relevant factors that are not in conflict with regulations.

Remuneration Structure of the Board of Commissioners and Board of Directors

The remuneration structure of the Board of Commissioners and Board of Directors consists of the following components.1. Salary;2. Bonuses; and3. Other allowances.

Amount of Remuneration for the Board of Commissioners and Board of Directors

In 2019, the amount of remuneration given to the Board of Commissioners and Board of Directors is described as follows.

The range of remuneration received by the Board of Commissioners and Board of Directors is described as follows.






Jumlah RemunerasiTotal Remuneration

Jumlah Dewan Komisaris (orang)Number of Board of Commissioners (person)

Jumlah Direksi (orang)Number of Board of Directors (person)

Di atas Rp2 miliarAbove Rp2 billion

- -

Di atas Rp1 miliar – Rp2 miliarBetween Rp1 billion – Rp2 billion

- -

Di atas Rp500 juta – Rp1 miliarBetween Rp500 million – Rp1 billion

2 2

Di bawah Rp500 jutaBelow Rp500 million

- -

Komite AuditAudit Committee

Komite Audit merupakan Organ Perseroan yang berfungsi untuk membantu Dewan Komisaris dalam menjalankan tugas dan tanggung jawab pengawasan dan pemberian rekomendasi kepada Direksi terkait laporan keuangan, penerapan sistem pengendalian internal, strategi dan pengelolaan Perseroan, serta kepatuhan terhadap hukum dan peraturan yang berlaku. Kedudukan Komite Audit berada langsung di bawah Dewan Komisaris.

Pedoman Kerja Komite Audit

Komite Audit telah memiliki Piagam Komite Audit yang disahkan pada 5 April 2017. Piagam Komite Audit berisi tentang tugas dan tanggung jawab serta wewenang.

Komposisi Komite Audit

Komite Audit Perseroan terdiri dari 3 orang, yang terdiri dari 1 orang anggota Dewan Komisaris dan 2 orang pihak independen. Komite Audit diangkat berdasarkan Surat Keputusan Dewan Komisaris No. 001/DEKOM/IV/2017 tanggal 5 April 2017 (2017-2022), dengan komposisi sebagai berikut.Ketua : Elariska SIhaloho Anggota : Prasastiwi Kinanti Syamsidar Hami Anggota : Christina Dewi Nuranita

Semua anggota Komite Audit Perseroan memiliki kemampuan di bidang akuntansi dan keuangan dan seluruh anggota memiliki latar belakang pendidikan dan pekerjaan di bidang akuntansi dan keuangan.

The Audit Committee is the Company’s Organ that has a role in assisting the Board of Commissioners in carrying out the duties and responsibilities of supervision and providing recommendations to the Board of Directors regarding financial statement, the implementation of the internal control system, the Company’s strategy and management, as well as compliance with applicable laws and regulations. The position of the Audit Committee is directly under the Board of Commissioners.

Audit Committee’s Guidelines

The Audit Committee has an Audit Committee Charter which was ratified on 5 April 2017. The Audit Committee Charter contains duties and responsibilities as well as authority.

Audit Committee’s Composition

The Audit Committee consists of 3 people, i.e 1 member of the Board of Commissioners and 2 independent parties. The Audit Committee was appointed based on the Board of Commissioners Decree Letter No. 001/DEKOM/IV/2017 dated 5 April 2017 (2017-2022), with the following composition.

Chairman : Elariska SIhalohoMember : Prasastiwi Kinanti Syamsidar HamiMember : Christina Dewi Nuranita

All members of the Audit Committee have knowledge in accounting and finance. They also have educational background and work experiences in the field of accounting and finance.





Independensi Komite Audit

Seluruh anggota Komite Audit tersebut menjalankan peran secara profesional dan independen. Komite Audit tidak ada yang memiliki hubungan keuangan, kepengurusan, kepemilikan dan hubungan keluarga dengan anggota Dewan Komisaris, Direksi dan/atau Pemegang Saham Utama dan Pengendali, atau hubungan dengan Perseroan yang dapat mempengaruhi kemampuannya untuk bertindak independen.

Rangkap Jabatan Komite Audit

Berdasarkan Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit, Komite Audit juga dapat memiliki rangkap jabatan selama tidak menimbulkan benturan kepentingan serta tidak mempengaruhi kemampuannya untuk bertidak independen. Pada tahun 2019, seluruh Komite Audit yang menjabat sedang tidak merangkap jabatan di perusahaan manapun.

Tugas dan Tanggung Jawab Komite Audit Sesuai Piagam Komite Audit, tugas dan tanggung jawab Komite Audit serta realisasi 2019 diuraikan sebagai berikut.

Uraian Description

Realisasi 2019 Realization in 2019

Melakukan laporan keuangan Perseroan.To review the financial statement.

Komite Audit telah menelaah laporan keuangan interim dan laporan keuangan tahunan Perseroan periode tahun buku 2019. The Audit Committee has reviewed the interim and annual financial statements for the 2019 financial year.

Melakukan penelaahan atas ketaatan Perseroan terhadap peraturan dan perundangan-undangan yang berlaku.To review the Company’s compliance to applicable laws and regulations.

Komite Audit senantiasa memantau dan memberikan masukan terkait pemenuhan ketentuan regulator atas setiap tindakan yang akan diambil Perseroan.The Audit Committee always monitors and provides input regarding compliance with regulatory provisions for every action the Company will take.

Memberikan pendapat independen dalam hal terjadi perbedaan pendapat antara manajemen dan akuntan atas jasa yang diberikan.To give an independent opinion when there is a different of opinion between the Management and the public accountant on the services provided.

Pada tahun 2019, tidak terdapat perbedaan antara manajemen dan akuntan atas jasa yang diberikan. In 2019, there was no different of opinion between the Management and public accountant for the services provided.

Audit Committee’s Independence

All members of the Audit Committee carry out their roles professionally and independently. None of the Audit Committees have any financial, management, ownership and family relationship with members of the Board of Commissioners, Board of Directors and/or Major and Controlling Shareholders, or relationships with the Company that can affect its ability to act independently.

Audit Committee’s Concurrent Position

Based on Financial Services Authority Regulation No. 55/POJK.04/2015 concerning the Establishment and Work Guidelines for the Audit Committee, the Audit Committee can have concurrent positions as long as it does not cause a conflict of interest and does not affect its ability to act independently. In 2019, all of the current Audit Committees members were not concurrently serving in any company.

Audit Committee’s Duties and ResponsibilitiesIn accordance with the Audit Committee Charter, the duties and responsibilities of the Audit Committee and its realization in 2019 are described as follows.






Uraian Description

Realisasi 2019 Realization in 2019

Memberikan rekomendasi kepada Dewan Komisaris mengenai penunjukan akuntan, termasuk independensi, ruang lingkup penugasan, dan imbalan jasa akuntan tersebut.To give advice to the Board of Commissioners relating to the appointment of a public accountant, including their independency, scope of duties and fee.

Komite Audit telah mengevaluasi kinerja akuntan publik dan kantor akuntan publik periode tahun 2019 dan telah memberikan rekomendasi penunjukan akuntan publik dan kantor akuntan publik periode tahun 2020 dengan mempertimbangkan berbagai aspek yang ditentukan regulator, khususnya Peraturan Otoritas Jasa Keuangan.The Audit Committee has evaluated the performance of public accountant and public accounting firms for 2019 period and has provided recommendations for the appointment of public accountants and public accounting firms for 2020 period by considering various aspects determined by regulators, specifically the Financial Services Authority Regulation.

Melakukan penelaahan atas kecukupan pemeriksaan yang dilakukan akuntan publik.To review the adequacy of examination conducted by the public accounting firm.

Dalam evaluasi kinerja akuntan publik dan kantor akuntan publik, Komite Audit menilai aspek kecukupan pemeriksaan akuntan publik terhadap informasi keuangan yang disajikan dalam laporan keuangan interim dan tahunan di tahun 2019.In evaluating the performance of public accountants and public accounting firms, the Audit Committee has assessed the adequacy aspects of the examination made by the public accountants for financial information presented in interim and annual financial statements in 2019.

Menjalin hubungan dan mengadakan rapat/pembahasan dengan akuntan publik.To establish good relationships and hold meetings/discussions with the public accountants.

Komite Audit menjaga hubungan dengan akuntan publik dan mengadakan rapat/pembahasan dengan akuntan publik.The Audit Committee maintains good relationship and holds meetings/discussions with public accountants.

Rapat Komite Audit

Berdasarkan Piagam Komite Audit, Komite Audit wajib mengadakan rapat secara berkala paling sedikit 1 kali dalam 3 bulan. Selama 2019, Komite Audit telah menyelenggarakan rapat sebanyak 4 kali dengan tingkat kehadiran masing-masing anggota sebagai berikut.

NamaName

JabatanTitle



Elariska Sihaloho Ketua Komite AuditChairman of the Audit Committee

4 4 100.00

Prasastiwi Kinanti Syamsidar Hami Anggota Komite AuditAudit Committee Member

4 4 100.00

Christina Dewi Nuranita Anggota Komite AuditAudit Committee Member

4 4 100.00

Pengembangan Kompetensi Komite Audit

Pada tahun 2019, Komite Audit tidak mengikuti pelatihan maupun pendidikan dari pihak eksternal, namun secara mandiri, anggota Komite Audit melakukan peningkatan kompetensi melalui media buku dan/atau informasi digital.

Audit Committee’s MeetingBased on the Audit Committee Charter, the Audit Committee must hold regular meetings at least once in every 3 months. During 2019, the Audit Committee held 4 meetings with the level of attendance of each member as follows:

Audit Committee’s Competency Development

In 2019, the Audit Committee did not attend any training or education program from external parties, however independently, members of the Audit Committee has improved their competency through relevant books and/or digital information.





Komite Nominasi dan RemunerasiNomination and Remuneration Committee

Komite Nominasi dan Remunerasi merupakan organ pendukung yang diangkat dan bertanggung jawab kepada Dewan Komisaris, yang memiliki fungsi nominasi (terkait komposisi, kriteria, monitoring, evaluasi kinerja jabatanjabatan strategis Perseroan) dan remunerasi (terkait penetapan struktur, kebijakan, jumlah besaran remunerasi untuk jabatan-jabatan strategis Perseroan).

Pedoman Kerja Komite Nominasi dan Remunerasi

Komite Nominasi dan Remunerasi telah memiliki Piagam Komite Nominasi dan Remunerasi untuk melaksanakan tugas dan tanggung jawabnya secara profesional. Pedoman tersebut telah disahkan pada 5 April 2017.

Komposisi Komite Nominasi dan Remunerasi

Komite Nominasi dan Remunerasi Perseroan terdiri dari 3 orang, yang terdiri dari 2 orang anggota Dewan Komisaris dan 1 orang pihak independen. Komite Nominasi dan Remunerasi diangkat berdasarkan Surat Keputusan Keputusan Dewan Komisaris No. 003/DEKOM/VI/2018 tanggal 27 Juni 2018 (2018-2022), dengan komposisi sebagai berikut.Ketua : Catur Prianto Anggota : Elariska Sihaloho Anggota : Irma Fitria Semua anggota Komite Nominasi dan Remunerasi Perseroan memiliki kemampuan di bidang akuntansi dan keuangan dan salah satu anggota memiliki latar belakang pendidikan dan pekerjaan di bidang SDM yaitu Irma Fitria.

Independensi Komite Nominasi dan Remunerasi

Seluruh anggota Komite Nominasi dan Remunerasi melaksanakan tugasnya secara independen dan profesional hanya untuk kepentingan Perseroan, serta terlepas dari intervensi pihak-pihak lain yang mampu menimbulkan benturan kepentingan yang dapat merugikan Perseroan.

The Nomination and Remuneration Committee is a supporting organ appointed and responsible to the Board of Commissioners, which has a nomination function (related to the Company’s composition, criteria, monitoring, evaluation the performance of strategic positions) and remuneration function (related to the Company’s structure, policy, amount of remuneration for strategic positions).

Nomination and Remuneration Committee’s Guideline

The Nomination and Remuneration Committee has a Nomination and Remuneration Committee Charter to carry out their duties and responsibilities professionally. The charter was approved on 5 April 2017.

Nomination and Remuneration Committee’s Composition

The Nomination and Remuneration Committee consists of 3 people, i.e. 2 members of the Board of Commissioners and 1 independent party. The Nomination and Remuneration Committee is appointed based on the Board of Commissioners Decree Letter No. 003/DEKOM/VI/018 dated 27 June 2018 (2018-2022), with the following composition.Chairmain : Chess PriantoMember : Elariska SihalohoMember : Irma Fitria All members of the Nomination and Remuneration Committee have capabilities in accounting and finance, and one member has an educational background and experiences in the HR field namely Irma Fitria.

Nomination and Remuneration Committee’s Independence

All members of the Nomination and Remuneration Committee carry out their duties independently and professionally solely for the Company’s benefit and free from intervention of any party that is capable of causing a conflict of interest that could harm the Company.






Tugas dan Tanggung Jawab Komite Nominasi dan Remunerasi

Mengacu pada Piagam Komite Nominasi dan Remunerasi, tugas dan tanggung jawab serta realisasinya pada tahun 2019 ditunjukkan sebagai berikut.



Fungsi Nominasi / Nomination Function

Membantu Dewan Komisaris untuk melakukan penilaian kinerja anggota Direksi dan/atau anggota Dewan Komisaris berdasarkan tolok ukur yang telah disusun.Assists the Board of Commissioners in assessing the performance of members of the Board of Directors and/or members of the Board of Commissioners based on established benchmarks.

Komite Nominasi dan Remunerasi telah memantau, menelaah, dan memberikan penilaian kepada Dewan Komisaris terkait pencapaian kinerja Dewan Komisaris dan Direksi setiap triwulan di sepanjang tahun 2019.The Nomination and Remuneration Committee has monitored, reviewed and provided an assessment to the Board of Commissioners regarding the performance achievement of the Board of Commissioners and Board of Directors on a quarterly basis throughout 2019.

Menyampaikan rekomendasi kepada Dewan Komisaris mengenai komposisi jabatan anggota Direksi dan/atau anggota Dewan Komisaris, kebijakan dan kriteria yang dibutuhkan dalam proses nominasi, dan kebijakan evaluasi kinerja bagi anggota Direksi dan/atau anggota Dewan Komisaris.Provides recommendations to the Board of Commissioners regarding the composition of the Board of Directors and/or Board of Commissioners, policies and criteria needed in the nomination process, and performance assessment policies for members of the Board of Directors and/or Board of Commissioners.

Komposisi Dewan Komisaris dan Direksi Perseroan selalu memperhatikan keberagaman, baik dari segi usia, pendidikan, dan pengalaman kerja untuk menunjang kinerja dalam Perseroan.The composition of the Board of Commissioners and Board of Directors always considers diversity, both in terms of age, education and work experience to support the Company’s performance.

Memberikan rekomendasi kepada Dewan Komisaris mengenai program pengembangan kompetensi anggota Direksi dan/atau anggota Dewan Komisaris.Provides recommendations to the Board of Commissioners regarding the competency development program for members of the Board of Directors and/or Board of Commissioners.

Dewan Komisaris dan Direksi telah mengkuti program pengembangan kompetensi yang direkomendasikan oleh Komite Nominasi dan Remunerasi.The Board of Commissioners and Board of Directors have attended the competency development program recommended by the Nomination and Remuneration Committee.

Memberikan usulan calon yang memenuhi syarat sebagai anggota Direksi dan/atau anggota Dewan Komisaris kepada Dewan Komisaris untuk disampaikan dalam RUPS.Submits candidate proposal who qualify as members of the Board of Directors and/or members of the Board of Commissioners to the Board of Commissioners to be submitted at the GMS.

Seluruh Dewan Komisaris dan Direksi telah memenuhi syarat pada saat diangkat dan selama menjabat dengan mengacu pada Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan Komisaris atau Perusahaan Publik.All Boards of Commissioners and Boards of Directors have fulfilled the requirements upon appointment and during their tenure by referring to the Financial Services Authority Regulation No. 33/POJK.04/2014 concerning Boards of Directors and Board of Commissioners of Issuers or Public Companies.

Fungsi Remunerasi / Remuneration Fuunction

Memberikan rekomendasi kepada Dewan Komisaris mengenai struktur, kebijakan, dan besarnya remunerasi.Gives inputs to the Board of Commissioners in determining.

Menetapkan remunerasi Dewan Komisaris sebesar Rp1.246.453.000,- dan remunerasi Direksi sebesar Rp1.124.430.661,-.Determined the remuneration for the Board of Commissioners amounted to Rp Rp1.246.453.000,- and the remuneration for the Board of Directors amounted to Rp Rp1.124.430.661,-.

Nomination and Remuneration Committee’s Duties and Responsibilities

According to the Nomination and Remuneration Committee Charter, the duties and responsibilities of the Nomination and Remuneration Committee and its realization in 2019 are described as follows







Membantu Dewan Komisaris mengevaluasi kesesuaian remunerasi yang diterima dengan kinerja masing-masing anggota Direksi dan/atau anggota Dewan Komisaris.Assists the Board of Commissioners in evaluating the appropriateness of the remuneration received against the performance of each member of the Board of Directors and/or Board of Commissioners.

Dewan Komisaris dan Direksi telah memiliki kebijakan mengenai besaran remunerasi dengan memperhatikan beberapa indikator yaitu:1. Besaran remunerasi di industri yang sejenis dengan kegiatan usaha

dan skala usaha Perseroan;2. Wewenang, tugas, dan tanggung jawab Direksi dan/atau anggota

Dewan Komisaris yang berhubungan dengan tujuan dan pencapaian kinerja Perseroan;

3. Pencapaian target kinerja dari masing-masing Direksi dan/atau anggota Dewan Komisaris; dan

4. Kesesuaian antara remunerasi yang bersifat tetap dan bersifat variabel.

The Board of Commissioners and Board of Directors have a policy regarding the amount of remuneration by taking into account several indicators, namely:1. The amount of remuneration in industries similar to the Company’s

business activities and business scale;2. Authority, duties and responsibilities of the Board of Directors and/

or members of the Board of Commissioners relating to the goals and achievements of the Company’s performance;

3. The achievement of performance targets of each Directors and/or members of the Board of Commissioners; and

4. Conformity between fixed and variable remuneration.

Rapat Komite Nominasi dan Remunerasi Kebijakan rapat internal Komite Nominasi dan Remunerasi dilaksanakan secara berkala paling kurang 1 kali dalam 4 bulan. Pada tahun 2019, Komite Nominasi dan Remunerasi telah menyelenggarakan rapat sebanyak 4 dengan tingkat kehadiran sebagai berikut.

NamaName

JabatanTitle


Kehadiranxxx %

Catur Prianto Ketua Komite Nominasi dan RemunerasiChairman of the Nomination and Remuneration Committee

4 4 100.00

Elariska Sihaloho Anggota Komite Nominasi dan RemunerasiNomination and Remuneration Committee Member

4 4 100.00

Irma Fitria Anggota Komite Nominasi dan RemunerasiNomination and Remuneration Committee Member

4 4 100.00

Pengembangan Kompetensi Komite Nominasi dan Remunerasi Pada tahun 2019, anggota Komite Nominasi dan Remunerasi tidak mengikuti pelatihan maupun pendidikan dari pihak eksternal, namun secara mandiri, anggota Komite Nominasi dan Remunerasi melakukan peningkatan kompetensi melalui media buku dan/atau informasi digital.

Nomination and Remuneration Committee’s Meeting

According to the policy, Nomination and Remuneration Committee’s internal meetings shall be held periodically at least once in every 4 months. In 2019, the Nomination and Remuneration Committee held 4 meetings with the level of attendance as follows.

Nomination and Remuneration Committee’s Competency DevelopmentIn 2019, members of the Nomination and Remuneration Committee did not attend any training or education program from external parties, however independently, members of the Nomination and Remuneration Committee has improved their competency through relevant books and/or digital information.






Sekretaris PerusahaanCorporate Secretary

Sekretaris Perusahaan berperan penting dalam memfasilitasi komunikasi antarorgan perusahaan, hubungan antara perusahaan dengan Pemegang Saham, Otoritas Jasa Keuangan, dan pemangku kepentingan lainnya, serta memastikan kepatuhan Perseroan terhadap peraturan-undangan di bidang pasar modal. Pada tahun 2019, Sekretaris Perusahaan Perseroan dijabat oleh Mochammad Ridwan Firdaus berdasarkan Surat Keputusan Direksi No. 03/DIR/BOG/16 tanggal 1 September 2016.

Pedoman Kerja Sekretaris Perusahaan Pedoman kerja Sekretaris Perusahaan mengacu pada Anggaran Dasar Perseroan dan Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014 tentang Sekretaris Perusahaan Emiten Atau Perusahaan Publik.

Tugas dan Tanggung Jawab Sekretaris Perusahaan Tugas dan tanggung jawab, serta realisasi tugas Sekretaris Perusahaan pada tahun 2019 ditunjukkan sebagai berikut.



Mengikuti perkembangan pasar modal dan Memberikan masukan kepada Direksi dan Dewan Komisaris Perseroan terkait pemenuhan ketentuan peraturan perundang-undangan di bidang pasar modal.To keep updated the latest development of the capital market and gives input to the Board of Directors and Board of Commissioners regarding compliance with the applicable laws and regulations in the capital market.

Sekretaris Perusahaan telah memantau perkembangan pasar modal dan terus menyesuaikan kondisi Perseroan agar dapat memenuhi ketentuan peraturan perundang-undangan yang berlaku pada bidang pasar modal. The Corporate Secretary has monitored the development of the capital market and continues to adjust the Company’s conditions to meet the provisions of the applicable laws and regulations in the capital market sector.

Membantu Direksi dan Dewan Komisaris dalam pelaksanaan tata kelola perusahaan yang baik. Assists the Board of Directors and Board of Commissioners in implementing good corporate governance.

Sekretaris Perusahaan telah membantu Dewan Komisaris dan Direksi dalam melaksanakan hal-hal terkait GCG, yaitu: • Melakukan keterbukaan informasi kepada masyarakat, termasuk

ketersediaan informasi pada situs website Perseroan;• Menyampaikan laporan kepada Otoritas Jasa Keuangan tepat

waktu;• Mendokumentasikan pelaksanaan Rapat Umum Pemegang Saham

(RUPS);• Mendokumentasikan pelaksanaan rapat Direksi dan/atau Dewan

Komisaris; dan• Melaksanakan program orientasi terhadap Perseroan bagi Direksi

dan/atau Dewan Komisaris. Corporate Secretary has assisted the Board of Directors and Board of Commissioner in implementing the Good Corporate Governance which includes: • The information transparency to public including the availability of

information in the Company’s website;• To submit a timely report to the Financial Services Authority;• To document the General Meeting of Shareholders;• To document the Board of Directors and/or Board of

Commissioners’ meeting; and• To conduct an orientation program for the Board of Directors and/

or Board of Commissioners.

The Corporate Secretary plays an important role in facilitating communication between Company’s organs, the relationship between the Company and the Shareholders, the Financial Services Authority, and other stakeholders, and ensuring the Company’s compliance with regulations in the capital market. In 2019, the Corporate Secretary position held by Mochammad Ridwan Firdaus based on Board of Directors Decree Letter No. 03/DIR/BOG/16 dated 1 September 2016.

Corporate Secretary’s Guideline

Corporate Secretary Guideline refers to the Articles of Association and the Financial Services Authority regulations No. 35/POJK.04/2014 concerning Corporate Secretary of Issuers or Public Companies.

Corporate Secretary’s Duties and ResponsibilitiesThe Corporate Secretary duties and responsibilities, as well as its realization in 2019 are described as follows.







Sebagai penghubung atau contact person antara Perseroan dengan Pemegang Saham Perseroan, Otoritas Jasa Keuangan dan pemangku kepentingan lainnya.To act as the contact person or liaison between the Company and the Shareholders, Financial Services Authority and other stakeholders.

Sekretaris Perusahaan telah melakukan keterbukaan informasi kepada para Pemegang Saham, Otoritas Jasa Keuangan dan pemangku kepentingan lainnya. The Corporate Secretary has disclosed necessary information to the Shareholders, Financial Services Authority and other stakeholders.

Unit Audit InternalInternal Audit Unit

Unit Audit Internal dibentuk dengan tujuan untuk membantu Direktur Utama dalam melakukan evaluasi atas efektivitas pelaksanaan pengendalian internal, manajemen risiko, dan proses tata kelola perusahaan dengan cara melakukan pemeriksaan, kajian, serta usulan perbaikan untuk mengamankan investasi dan aset perusahaan.

Pedoman Kerja Unit Audit Internal

Pelaksanaan tugas dan tanggung jawab Unit Audit Internal mengacu pada Piagam Audit Internal Perseroan yang telah disahkan pada 5 April 2017. Piagam tersebut memuat visi, misi, kedudukan, tujuan, ruang lingkup, tugas dan tanggung jawab, peranan, wewenang, kode etik, serta prosedur pemeriksaan.

Tugas dan Tanggung Jawab Unit Audit Internal

Pada tahun 2019, Unit Audit Internal memiliki tugas dan tanggung jawab serta realisasinya yang ditunjukkan sebagai berikut.



Menyusun dan melaksanakan rencana audit internal tahunan.To prepare and implement the annual internal audit plan.

Unit Audit Internal telah melaksanakan audit internal pada tahun 2019, dan telah menyusun rencana audit internal untuk tahun 2020.

Menguji dan mengevaluasi pelaksanaan pengendalian internal dan sistem manajemen risiko sesuai dengan kebijakan Perseroan.To examine and evaluate whether the implementation of the internal audit and risk management system is in line with the Company’s policy.

Unit Audit Internal telah menguji dan mengevaluasi pelaksanaan pengendalian internal dan sistem manajemen risiko sesuai dengan kebijakan Perseroan.

Melakukan pemeriksaan dan penilaian secara objektif atas efisiensi dan efektivitas di bidang keuangan, akuntansi, operasional, SDM, teknologi informasi dan kegiatan lainnya, serta memberikan saran perbaikan bila diperlukan. To objectively examine and evaluate the efficiency and effectiveness of the financial, accounting, operational, human resources, information technology areas, and other activities; as well as provides correction suggestion, if needed.

Hasil pemeriksaan dan penilaian atas efisiensi dan efektivitas di bidang keuangan, akuntansi, operasional, SDM, teknologi informasi dan kegiatan lainnya dari Perseroan menunjukkan hasil yang baik bagi keberlanjutan usaha Perseroan.The results of examinations and evaluation of the efficiency and effectiveness in the financial, accounting, operational, HR, information technology areas and other activities of the Company showed good results for the sustainability of the Company’s business.

The Internal Audit Unit was established with the purpose of assisting the President Director in evaluating the effectiveness of the implementation of internal control, risk management and corporate governance processes by examining, reviewing, and proposing improvements to safeguard Company’s investments and assets.

Internal Audit Unit’s Guideline

The implementation of the Internal Audit Unit’s duties and responsibilities refers to the Internal Audit Charter, which was ratified on 5 April 2017. The Charter contains the vision, mission, position, objectives, scope, duties and responsibilities, roles, authority, code of conduct, and examination procedures.

Internal Audit Unit’s Duties and Responsibilities

In 2019, the Internal Audit Unit has the duties and responsibilities as well as its realization as describe below.








Membuat laporan hasil audit dan menyampaikan laporan tersebut kepada Direktur Utama dan Dewan Komisaris.To prepare report of audit result and to submit such report to the President Director and the Board of Commissioners

Unit Audit Internal telah membuat laporan hasil audit berdasarkan koordinasi kegiatan audit bersama auditor eksternal.The Internal Audit Unit has prepared an audit report based on the coordination of audit activities with external auditors.

Memantau, menganalisis dan melaporkan pelaksanaan tindak lanjut perbaikan yang telah disarankan.To monitor, analyze and report the follow-up actions on the areas of improvements.

Unit Audit Internal telah melakukan perbaikan di beberapa sektor bisnis Perseroan, dan telah melaporkan hasil perbaikan kepada Direksi.The Internal Audit Unit has made improvements in several business sectors and has reported the results of these improvements to the Board of Directors.

Menyusun program untuk mengevaluasi mutu kegiatan audit internal yang dilakukannya.Prepares programs to evaluate the quality of the internal audit activity.

Evaluasi atas kegiatan audit internal Perseroan menunjukkan hasil yang baik. An evaluation of the Company’s internal audit activities showed good results.

Struktur Unit Audit Internal

Audit Internal merupakan tim pemeriksa independen yang dibentuk oleh Direktur Utama. Audit Internal dipimpin oleh seorang Kepala Unit Audit Internal. Pada tahun 2019, Unit Audit Internal didukung oleh 2 personil dengan struktur yang ditunjukkan sebagai berikut.

Ketua Unit Audit Internal / Head of Internal AuditMaimun

Anggota / MemberFatimah Azzahra

Anggota / MemberAndi Wibowo

Sampai dengan tahun 2019, personil Unit Internal Audit Perseroan belum memiliki sertifikasi profesi Unit Internal Audit.

Pengembangan Kompetensi Unit Audit Internal

Pada tahun 2019, Unit Audit Internal tidak mengikuti pelatihan maupun pendidikan dari pihak eksternal, namun secara mandiri, Unit Audit Internal melakukan peningkatan kompetensi melalui media buku dan/atau informasi digital.

Internal Audit Unit’s Structure

Internal Audit is an independent examination team established by the President Director. Internal Audit is led by a Head of Internal Audit Unit. In 2019, the Internal Audit Unit was supported by 2 personnel with the structure shown as follows.

As of 2019, the Internal Audit Unit personnel have not obtained any Internal Audit Unit professional certification.

Internal Audit Unit’s Competency Development

In 2019, the Internal Audit Unit did not attend any training or education program from external parties, however independently, members of the Internal Audit Unit has improved their competency through relevant books and/or digital information.





Sistem Pengendalian InternalInternal Control System

Sistem Pengendalian Internal bertujuan untuk memberikan keyakinan kepada pemangku kepentingan bahwa sistem, prosedur, kaidah dan norma dijalankan dengan tepat dan benar. Perseroan menerapkan sistem pengendalian internal terkait pengendalian keuangan dan operasional, kepatuhan terhadap peraturan perundang-undangan, serta tinjauan atas efektivitas sistem pengendalian internal.

Evaluasi terhadap Efektivitas Sistem Pengendalian InternalHasil evaluasi atas pelaksanaan sistem pengendalian menjadi salah satu pertimbangan manajemen untuk melakukan perbaikan dan penyempurnaan sistem pengendalian internal secara berkelanjutan. Pada tahun 2019, sistem pengendalian internal Perseroan terkait dengan keuangan dan operasional, serta kepatuhan terhadap peraturan telah berjalan dengan baik, ke depannya Perseroan akan terus berupaya meningkatkan sistem pengendalian internal Perseroan.

Sistem Manajemen RisikoRisk Management System

Perseroan menyadari bahwa setiap kegiatan usaha tidak terlepas dari berbagai risiko, baik yang berada di bawah kendali maupun di luar kendali. Oleh karena itu, Perseroan melaksanakan sistem manajemen risiko untuk mengelola setiap kegiatan yang berpotensi menimbulkan risiko secara menyeluruh, optimal, dan berkesinambungan agar bisnis Perseroan tidak mengalami gangguan.

Jenis Risiko dan Upaya Mitigasi RisikoBerdasarkan kajian yang dilakukan selama tahun 2019, risiko-risiko yang dihadapi Perseroan serta upaya mitigasinya diuraikan sebagai berikut.

The Internal Control System is intended to give confidence to all stakeholders that the system, procedures, rules and norms are carried out properly and appropriately. The Company implements an internal control system related to financial and operational control, compliance with applicable laws and regulations, as well as a review of the effectiveness of the internal control system.

Evaluation of The Effectiveness of The Internal Control SystemThe results of the evaluation of the implementation of the control system become one of the Management’s considerations to make repair and improvements to the internal control system sustainably. In 2019, the Company’s internal control system related to finance and operations, as well as compliance with applicable laws and regulations has been running well. In the future, the Company will continue to improve its internal control system.

The Company realizes every business activity is inseparable from various risks, both that can be controlled and out of control. Therefore, the Company establishes a comprehensive, optimal, and continous risk management system to manage any activities that have the potential to pose a risk that shall adverse effect to the Company’s business.

Types of Risks and Risk Mitigation MeasuresBased on a study conducted during 2019, the risks faced by the Company and its mitigation efforts are described as follows.






Risiko / Risk Mitigasi / Risk

Risiko Keuangan / Financial Risk

Risiko Perubahan Tingkat Suku Bunga

Interest Rate Risk

Memiliki kebijakan dalam memperoleh pembiayaan yang disesuaikan pada tingkat suku bunga mengambang maupun tingkat bunga tetap.

Establishes a policy to obtain financing with a floating or fixed interest rate.

Risiko Kredit a. Mengelola dan mengendalikan risiko kredit dengan hanya berurusan terhadap pihak yang diakui dan layak kredit.

b. Menetapkan kebijakan internal atas verifikasi dan otorisasi kredit. c. Memonitor kolektibilitas piutang secara teratur.

a. Manages and controlls the credit risk by only dealing with the parties that are well recognized and are credit worthy.

b. Sets an internal policy on a credit verification and authorization.c. Regularly monitors the receivables collectability.

Risiko Likuiditas a. Mengelola risiko likuiditas dengan menjaga kecukupan dana dari fasilitas bank dan lembaga keuangan lainnya dengan terus menerus memonitor perkiraan dan arus kas aktual serta mencocokkan profil jatuh tempo aset dan liabilitas keuangan.

b. Memelihara kecukupan dana untuk membiayai kebutuhan modal kerja yang berkelangsungan

a. Manage sthe liquidity risk by having a sufficient fund from bank facilities and other financial institutions, and by continuously monitors cash flow projection and actual cash flow, and to reconcile this data with the asset and liabilities maturity date.

b. Maintains a sufficient fund to finance a sustainable working capital requirement.

Risiko Bisnis / Business Risk

Risiko Persaingan Usaha

Business Competition Risk

Menjaga kualitas layanan kepada pelanggan dan menyediakan program promosi-promosi yang menarik, dengan tujuan mendapatkan pelanggan-pelanggan baru.

Maintains the quality of its customer service and provides interesting promotional programs in order to attract new customers.

Risiko Keamanan

Security Risk

Menyediakan tenaga keamanan yang andal di sekitar lokasi bisnis Perseroan, seperti area penginapan/hotel, perumahan maupun apartemen. Hal ini agar para pelanggan akan merasa aman dan nyaman saat berada di area penginapan, perumahan maupun apartemen yang dimiliki Perseroan.

Provides reliable security officers in surrounding business location such as in lodging/hotel area, residential estates and apartments in order to give a secure and comfortable nuance to its customers in those areas.

Risiko Bencana Alam

Natural Disaster Risk

Melakukan renovasi atau melakukan perbaikan atas kerusakan-kerusakan yang terjadi akibat bencana alam. Renovasi tersebut dilakukan agar Perseroan tetap memberikan pelayanan yang baik ke para konsumen.

Renovates or repairs any damage caused by natural disasters. The renovation is done so that the Company still provides best service to its consumers.

Risiko Kebijakan Pemerintah

Government Policy Risk

Meningkatkan efisiensi biaya operasional usaha adalah upaya yang dilakukan oleh Perseroan untuk memitigasi risikodari kebijakan Pemerintah, seperti kenaikan pajak maupun tarif dasar listrik yang dapat mengurangi marjin keuntungan Perseroan.

Improves the efficiency of business operating costs is an effort made by the Company to mitigate risks from Government policies, such as tax increases and electricity basic cost that may reduce the Company’s profit margins.

Evaluasi terhadap Efektivitas Sistem Manajemen Risiko

Evaluasi terhadap manajemen risiko dilakukan Perseroan dengan mengontrol pengelolaan risiko yang terjadi meliputi: 1. Pemantauan berkelanjutan oleh para risk owner yang

dilaksanakan sehari-hari, pengawasan oleh atasan (pimpinan unit kerja) yang dilaksanakan secara berkala; dan

2. Pengawasan melalui audit internal maupun eksternal yang dilaksanakan secara berkala serta investigasi atas kejadian peristiwa yang berkaitan dengan pengelolaan risiko.

Evaluation of the Risk Management System Effectiveness

Evaluation of the risk management carried out by the Company to control the management of the risks that occur which include: 1. Continuous monitoring by the risk owners carried out on

a daily basis, supervision by superiors (work unit leaders) carried out periodically; and

2. Supervision through internal and external audits carried out periodically as well as investigations into events related to the risk management.





Perkara Penting dan Sanksi AdministratifKey Cases And Administrative Sanctions

Pada tahun 2019, Perseroan dan Entitas Anak, serta Dewan Komisaris dan Direksi yang menjabat tidak menghadapi perkara hukum maupun sanksi administratif dari pihak manapun.

Kode EtikCode of Conduct

Perseroan sedang menyusun Kode Etik yang menjadi panduan berperilaku bagi seluruh insan Perseroan dalam melaksanakan tugas dan tanggung jawabnya. Namun, dalam mengatur hak dan kewajiban seluruh karyawan, Perseroan berpedoman pada Peraturan Perusahaan. Peraturan tersebut diterapkan dalam mewujudkan budaya kerja yang beretika, berkualitas, dan bertanggung jawab yang sejalan dengan visi dan misi Perseroan.

Pokok-pokok Peraturan Perusahaan

Peraturan Perusahaan menjadi pedoman bagi seluruh insan Perseroan dalam mengatur hak dan kewajiban masing-masing pihak. Dalam hal ini, Perseroan dan seluruh karyawan menciptakan dan mendukung pelaksanaan budaya kerja yang saling menghormati, bertanggung jawab, dan senantiasa meningkatkan kerja sama tim agar lebih solid.

Sosialisasi Peraturan Perusahaan

Sosialisasi terhadap penerapan peraturan perusahaan dilakukan kepada segenap insan Perseroan, seperti Dewan Komisaris, Direksi, dan karyawan. Sosialisasi ini dilakukan dengan menggunakan media yang dimiliki Perseroan, termasuk situs internal yang dapat diakses oleh seluruh karyawan dengan mudah. Perseroan menetapkan sanksi yang sesuai dengan jenis pelanggaran yang dilakukan bagi pihak yang melanggar peraturan perusahaan.

In 2019, the Company and its Subsidiaries, as well as the Board of Commissioners and Board of Directors did not face any legal issues or administrative sanctions from any party.

The Company is developing a Code of Conduct that guides behavior for all of the Company’s employees in carrying out their duties and responsibilities. However, in regulating the rights and obligations of all employees, the Company is guided by its Company Regulation. The regulations are applied consistently to realizie an ethical, quality and responsible work culture that is in line with the Company’s Vision and Mission.

Basic Regulation of The Company

Company Regulations serve as guidelines for all Company’s employees in regulating the rights and obligations of each party. In this case, the Company and all employees builds and supports the implementation of mutually respectful and responsible work culture, as well as always enhances teamwork.

Promotion of Company Regulations

The dissemination of the implementation of Company Regulation is conveyed to all members of the Company, such as the Board of Commissioners, Board of Directors and employees. This dissemination is carried out using the media owned by the Company, including internal sites that can be easily accessed by all employees. The Company establishes sanctions that are accordance with the types of violations committed by those who violate Company regulations.






Penegakan Peraturan Perusahaan

Pelaksanaan Peraturan Perusahaan menjadi tanggung jawab Human Resources Manager yang berperan dalam mengidentifikasi terhadap pelanggaran pada Peraturan Perusahaan. Perseroan juga memberikan sanksi yang tegas terhadap pelanggaran pedoman peraturan budaya perusahaan.

Laporan Pelanggaran Peraturan PerusahaanSelama tahun 2019, Perseroan tidak mencatat adanya laporan pelanggaran terhadap Peraturan Perusahaan dan seluruhnya telah ditindaklanjuti.

Sistem Pelaporan PelanggaranWhistleblowing System

Perseroan belum memiliki sistem pelaporan pelanggaran (whistleblowing system/WBS) secara khusus. Meskipun demikian, Perseroan mengelola pengaduan pelanggaran melalui unit-unit yang melekat dengan pelanggaran tersebut. Mekanisme pelaporan pelanggaran ini merupakan upaya Perseroan untuk mengatasi penggelapan keuangan, korupsi, dan tindakan yang tidak sesuai dengan kebijakan dan peraturan Perseroan, serta peraturan perundang-undangan yang berlaku.

Cara Penyampaian dan Mekanisme Penanganan Laporan Pelanggaran

Pelanggaran peraturan yang terdapat di lingkungan internal Perseroan dapat disampaikan kepada Sekretaris Perusahaan melalui informasi kontak sebagai berikut.

Mochammad Ridwan FirdausSekretaris PerusahaanJl. Raya Cendrawasih No. 88AKerobokan Kelod, Kuta UtaraBadung, Bali, 80361T : (0361) 8499595E : [email protected] : www.ayanaland.com

Enforcement of Company Regulations

The implementation of Company Regulations is the responsibility of Human Resources Manager who plays a role in identifying violations of Company Regulations. The Company also provides strict sanctions against violations of Company culture regulations guidelines.

Company Regulation Violation ReportDuring 2019, the Company did not record any reports of violations of Company regulations.

The Company does not have any specific whistleblowing system yet. However, the Company manages complaints of violation through units related to these violations. This violation reporting mechanism is the Company’s effort to overcome fraud, corruption, and actions that are not in accordance with the Company’s policies and regulations, as well as applicable laws and regulations.

Means of Submitting and the Mechanism for Handling Violation Reports

Any violations of regulations from the Company’s external environment can be submitted to the Corporate Secretary through the following contact information.

Mochammad Ridwan FirdausCorporate SecretaryJl. Raya Cendrawasih No. 88AKerobokan Kelod, Kuta UtaraBadung, Bali, 80361T : (0361) 8499595E : [email protected] : www.ayanaland.com





Pelanggaran yang berasal dari internal Perseroan akan dilaporkan kepada pimpinan unit-unit yang terjadi pelanggaran dan akan ditindaklanjuti oleh pihak-pihak yang berwenang sesuai dengan tingkat pelanggaran yang dilaporkan.

Perlindungan Bagi Pelapor

Jaminan perlindungan yang diberikan Perseroan bagi pelapor meliputi:1. Jaminan atas kerahasiaan identitas pelapor;

2. Jaminan atas kerahasiaan isi laporan yang disampaikan;

3. Jaminan atas perlindungan kemungkinan adanya tindakan ancaman, intimidasi, hukuman, ataupun tindakan tidak menyenangkan lainnya dari pihak terlapor;

4. Bagi pelapor internal, Perseroan memberikan jaminan perlindungan dengan tidak dikenai:a. Pemecatan;b. Penurunan jabatan atau pangkat;c. Pelecehan atau diskriminasi dalam bentuk apapun;d. Catatan yang merugikan dalam file data pribadinya.

Untuk pelapor yang beritikad baik, Perseroan juga akan mengupayakan perlindungan hukum sesuai dengan ketentuan dalam peraturan perundang-undangan.

Laporan Pengaduan Pelanggaran

Perseroan tidak mencatat adanya laporan pelanggaran dan seluruhnya telah ditindaklanjuti.

Violations that took place inside internal Company will be directly reported to the unit leaders where the violations occur and will be followed up by the parties in accordance with the level of reported violations.

Protection for the Whistleblower

Protection guarantees provided by the Company for the whistleblowers include:1. Guarantee for the confidentiality of the whistleblower

identity;2. Guarantee for the confidentiality of the contents of the

report submitted;3. Guarantee for the protection from possible threats,

intimidation, punishment or other unpleasant actions from the reported party;

4. For internal whistleblower, the Company guarantees that the protection from: a. Dismissal;b. Demotion;c. Harassment or discrimination in any forms;d. Harmful Records in his/her personal file record.

For whistleblowers with good intentions, the Company will also seek legal protection as stipulated in applicable laws and regulations.

Report on Complaints on Violations

The Company did not record any reports of violations.






Tanggung Jawab Sosial Perusahaan

Corporate Social Responsibility





Perseroan berkomitmen untuk menyelaraskan kinerja usaha dengan pemberian manfaat untuk masyarakat dan lingkungan sebagai bagian dari pemangku kepentingan perusahaan. Komitmen ini direalisasikan melalui pelaksanaan program tanggung jawab sosial perusahaan (corporate social responsibility/CSR) yang berfokus pada pemenuhan harapan seluruh pemangku kepentingan.

CSR terhadap Lingkungan HidupResponsibility to Environment

Perseroan senantiasa ikut berpartisipasi dalam upaya pelestarian alam dan lingkungan hidup dengan menjaga kualitas lingkungan yang menjadi wilayah operasional Perseroan. Upaya ini dilakukan melalui efisiensi penggunaan listrik dan air di lingkungan kantor, efisiensi penggunaan alat kantor serta pengolahan limbah yang dihasilkan.

Kegiatan

Kegiatan CSR terhadap lingkungan hidup yang dilakukan Perseroan selama tahun 2019 yaitu:

1. Sistem Pengelolaan Limbah Perseroan berusaha untuk menghindari munculnya

limbah berbahaya dan beracun yang dihasilkan dari segala properti yang dimilki. Perseroan akan menggunakan kembali limbah dengan cara yang aman bagi kesehatan manusia dan lingkungan. Jika limbah tidak dapat digunakan kembali, Perseroan akan menghancurkan, bahkan membuangnya dengan cara yang sesuai dengan prosedur pengolahan limbah ramah lingkungan.

2. Penggunaan Material dan Energi yang Ramah Lingkungan

Penghematan penggunaan energi kantor, seperti listrik dan air, serta pengurangan penggunaan kertas menjadi paperless office. Upaya yang dilakukan tidak hanya berdampak pada lingkungan itu sendiri, namun juga dirasakan berdampak kepada efisiensi biaya.

Selain itu, di lokasi usaha, Perseroan juga membangun properti menggunakan konsep ramah lingkungan, terutama pada proyek Greenhost Boutique Hotel yang menggunakan konsep green, seperti keberadaan area creative farming dan penggunaan bahan hasil daur ulang yang aman untuk peralatan di kamar hotel.

The Company is committed to align its business performance with the benefits enjoyed by the community and the environment as part of the Company’s stakeholders. This commitment is realized through the implementation of Corporate Social Responsibility (CSR) programmes that focus on meeting the expectations of all stakeholders.

The Company always plays an active role in preserving the nature and environment by maintaining the quality of environment that has become the operational area of the Company. This particularly by making an effort in using electricity, water and office equipment efficiently also processing of waste produced in the Company’s premises.

Activities

CSR activities on the environment carried out by the Company during 2019 are as follows:

1. Waste Management System The Company strives to avoid the emergence of

hazardous and toxic waste generated from all of its properties. The Company will reuse waste in safe way for human health and the environment. If the waste cannot be reused, then it will be destroyed, even dispose of it in a manner that is in accordance with environmentally friendly waste treatment procedures.

2. Environmentally Friendly Use of Materials and Energy.

Saving of office energy, such as electricity and water, as well as the reduction of paper usage to became a paperless office. The efforts made not only have an impact on the environment itself, but also have an impact on cost efficiency.

In addition, the Company also built properties using environmentally friendly concepts on its business site, especially in the Greenhost Boutique Hotel project which uses green concept, such as the existence of creative farming areas and utilization of safe recycled materials for equipments in hotel rooms.






3. Mekanisme Pengaduan Masalah Lingkungan

Perseroan memiliki saluran bagi pemangku kepentingan untuk dapat mengajukan pengaduan masalah lingkungan. Saluran pengaduan dapat disampaikan melalui kontak Perseroan. Sementara itu, pada tahun 2019, Perseroan tidak menerima adanya pengaduan terkait masalah lingkungan.

4. Sertifikasi Lingkungan Hidup Hingga akhir tahun 2019, Perseroan belum memiliki

sertifikasi dalam bidang lingkungan hidup.

CSR terhadap Ketenagakerjaan, Kesehatan, dan Keselamatan KerjaResponsibility to Labor, Health, and Work SafetySDM merupakan salah satu faktor penting dalam mengembangkan usaha dan meningkatkan kinerja Perseroan. Perseroan mementingkan pengembangan SDM secara terintegrasi agar menghasilkan SDM yang profesional, bertalenta, dan memiliki integritas. Selain melaksanakan proses perekrutan dan pengembangan SDM, Perseroan juga menciptakan lingkungan kerja yang aman, nyaman, bersih, serta meminimalisir potensi terjadinya kecelakaan kerja dan penyakit yang timbul dari aktivitas kerja.

Kegiatan

Berikut program terkait CSR ketenagakerjaan dan K3 yang telah dilakukan oleh Perseroan:

1. Rekrutmen Perseroan memberikan kesempatan kerja yang sama

bagi semua kandidat karyawan, baik pria mapunun wanita, tanpa memandang suku, agama, ras, golongan politik dan tingkatan sosial. Perseroan juga telah memastikan bahwa tidak terdapat bentuk diskriminasi apapun terkait perbedaan gender pada aktivitas operasional yang dijalankan.

Hingga akhir tahun 2019, Perseroan dan Entitas Anak memiliki 23 karyawan dengan komposisi 15 karyawan pria dan 8 karyawan wanita yang tersebar di seluruh jaringan kantor.

3. Mechanism in Handling Environmental Issues Complaints

xThe Company has provided several channels for the stakeholders to submit any complaints concerning environmental issues. Any complaints can be submitted through the Company’s contacts. Meanwhile, in 2019, the Company did not receive any complaints concerning environmental issues.

4. Environmental Certification Until the end of 2019, the Company has not received any

certification in the environmental field.

Human resources (HR) is one of the important factors in developing business and improving the Company’s performance. The Company emphasizes importance to HR development in an integrated manner in order to produce professional, talented, and integrity HR. In addition to carrying out the process of recruiting and developing human resources, the Company also tries to create a safe, comfortable, clean work environment and minimizes the potential for workplace accidents and diseases arising from work activities.

Activities

The programmes related to CSR to employment that have been carried out by the Company are as follows:

1. Recruitment The Company provides equal jobs opportunities for

all candidates, both men and women, regardless of ethnicity, religion, race, political class or social rank. The Company has also ensured that there are no form of discrimination regarding gender differences in operational activities.

Until the end of 2019, the Company and Subsidiaries have 23 employees with a composition of 15 male employees and 8 female employees spread throughout the office network.





2. Pengembangan Kompetensi Perseroan menjamin bahwa seluruh karyawan memiliki

kesempatan yang sama untuk mengikuti program pendidikan dan pelatihan sesuai dengan kebutuhan dan rencana pengembangan Perseroan.

3. Remunerasi dan Fasilitas Karyawan Remunerasi karyawan diberikan berdasarkan ketentuan

Upah Minimum Provinsi. Selain itu, fasilitas kesejahteraan yang diberikan meliputi fasilitas kesehatan, BPJS kesehatan dan ketenagakerjaan, tunjangan hari raya, dan tunjangan lainnya.

4. Keselamatan dan Kecelakaan Kerja Perseroan telah melengkapi dengan berbagai perangkat

keselamatan kerja, seperti tersedianya alat pemadam api ringan (APAR), petunjuk jalur evakuasi, simulasi evakuasi keadaan darurat, sprinkle, dan alat deteksi asap. Selama 2019, tidak tercatat adanya kecelakaan kerja di lingkungan Perseroan. Selama 2019, tidak tercatat adanya kecelakaan kerja di lingkungan Perseroan.

5. Tingkat Perpindahan Karyawan Pada tahun 2019, tercatat sebanyak 8 karyawan

mengundurkan diri, sehingga tingkat perpindahan karyawan mencapai 34,78% dari total karyawan akhir tahun 2019 yang mencapai 23 orang.

6. Mekanisme Pengaduan Masalah Ketenagakerjaan Layanan pengaduan masalah terkait ketenagakerjaan

dan K3 dapat disampaikan kepada Human Resources Department. Sepanjang tahun 2019, Perseroan tidak mencatat adanya pengaduan terkait masalah ketenagakerjaan dan K3

CSR terhadap Pengembangan Sosial KemasyarakatanResponsibility to Public and Social Development

Pelaksanaan CSR dalam aspek pengembangan sosial kemasyarakatan diharapkan dapat meningkatkan kesejahteraan sosial dan ekonomi masyarakat. Perseroan secara konsisten melaksanakan program CSR untuk pemberdayaan dan pengembangan masyarakat sekitar dengan melaksanakan beberapa kegiatan sebagai berikut.

2. Competence Development The Company guarantees that all personnel have

the same opportunity to participate in education and training programmes alligned with the Company’s needs and development plans.

3. Employee’s Remuneration and Facility Employee Remuneration are given based on the Provincial

Minimum Wage provisions. In addition, welfare facilities provided include health facilities, Social Security Administrative Agency (BPJS) for Labor and Health, religious holiday allowance, and other benefits.

4. Occupational Accidents and Safety The Company has provided various work safety

equipment, such as the availability of light fire extinguisher (APAR), evacuation route instructions, simulated emergency evacuation, sprinkle, and smoke detection equipment. During 2019, the Company recorded no work accidents.

5. Turnover In 2019, there were 8 employees who resigned from

the Company, thus the employee turnover recorded at 34.78% of the total employees by the end of 2019 that reached 23 people.

6. Labor Issues Complaints Mechanism Complaints related to labor, health and safety issues

can be submitted to the Human Resources Department. During 2019, there were not recorded complaints related to labor, health and safety issues.

The implementation of CSR in public and social development aspects is expected to improve the community’s social and economic welfare. The Company consistently implements CSR program for the empowerment and development of surrounding communities by carrying out the following activities.






1. Penggunaan Tenaga Kerja Lokal Perseroan senantiasa memprioritaskan penggunaan

tenaga kerja lokal dalam proses rekrutmen karyawan dengan mempertimbangkan kompetensi yang sesuai dengan kualifikasi yang dibutuhkan oleh Perseroan tanpa mengabaikan peraturan perundang-undangan yang berlaku.

2. Perbaikan Sarana dan Prasarana Sosial Untuk pembangunan dan perbaikan sarana sosial

di lingkungan sekitar, Perseroan telah memberikan bantuan dana sebesar Rp5.000.000,-.

3. Bentuk Donasi Lainnya Selama tahun 2019, Perseroan menyalurkan donasi

sebesar Rp20.000.000,- untuk berbagai kegiatan pengembangan sosial dan kemasyarakatan.

4. Komunikasi Anti Korupsi Perseroan senantiasa menjalankan usaha dengan

menjunjung tinggi kejujuran dalam setiap kegiatan operasionalnya. Oleh sebab itu, Perseroan berusaha untuk melaksanakan berbagai kebijakan CSR terkait dengan pengembangan sosial dan kemasyarakatan secara konsisten dan konsekuen, sehingga dapat memberikan manfaat bagi perusahaan, Pemegang Saham, dan para pemangku kepentingan lainnya. Kebijakan anti korupsi ini tertuang dalam Peraturan Perusahaan

CSR terhadap PelangganResponsibility to the Customers

Program CSR terhadap pelanggan ditargetkan untuk meningkatkan kepuasan dan loyalitas pelanggan terhadap produk dan jasa Perseroan. Hal ini dilakukan untuk meningkatkan hubungan baik antara perusahaan dan pelanggan yang selama ini telah terjaga.

Kegiatan

Berikut kegiatan yang dilakukan Perseroan terkait CSR terhadap pelanggan selama tahun 2019:

1. Use of Local Workers The Company always prioritizes the use of local

workers in the recruitment process by considering the competencies in line with the qualifications required by the Company without ignoring the applicable laws and regulations.

2 Repairment of Social Facilities and Infrastructure For the construction and repariment of social facilities

in the surrounding environment, the Company has distributed funds amounted to RRp5,000,000,-.

3. Other Forms of Donation Selama tahun 2019, Perseroan menyalurkan donasi

sebesar Rp20.000.000,- untuk berbagai kegiatan pengembangan sosial dan kemasyarakatan.

4. Anti-Corruption Communication The Company always conducts business by upholding

honesty in every operational activity. Therefore, the Company strives to carry out various CSR policies related to social and community development consistently and consequently, to provide benefits for the Company, the Shareholders, and other stakeholders This anti-corruption policy is contained in Company Regulations.

The CSR program for customers is targeted to increase customer satisfaction and loyalty towards the Company’s products and services. This is carried out to improve good relationship between the Company and customers that have been maintained all this time.

Activities

Following are the activities carried out by the Company in relation to CSR for customers during 2019:





1. Kesehatan dan Keselamatan Pelanggan Perseroan memiliki standar dan prosedur tertentu

dalam melaksanakan pembangunan properti dan perhotelan dengan bantuan konsultan dan kontraktor yang kompeten dan berkualitas. Secara berkala, Perseroan juga mengelola dan memperbaiki bangunan hotel maupun apartemen yang masih layak untuk ditinggali.

2. Informasi Produk dan Jasa Perusahaan menginformasikan produk dan jasa dalam

website Perseroan www.ayanaland.com. Selain itu, Perseroan juga menginformasikan produk dan jasa melalui berbagai pameran dan bazar khusus produk properti dan pariwisata melalui tenaga pemasaran yang telah dididik dan dilatih oleh perusahaan.

3. Sarana, Jumlah, dan Penanggulangan atas Pengaduan Pelanggan

Sebagai wujud transparansi terhadap pelanggan, Perseroan berusaha agar informasi mengenai produk dan jasa dapat mudah diakses. Informasi mengenai produk dan jasa dapat diakses melalui website Perseroan.

Pengaduan terkait masalah konsumen, khususnya perhotelan, dapat disampaikan kepada front office hotel dan/atau apartemen. Sepanjang tahun 2019, Perseroan tidak menerima pengaduan pelanggan.

Biaya CSRCSR Costs

Selama 2019, Peseroan menyalurkan dana sebesar Rp25.000.000,- untuk kegiatan CSR yang sesuai dengan fokus utama Perseroan.

1. Customer Health and Safety The Company has certain standards and procedures in

carrying out property and hotel construction with the assistance of competent and qualified consultants and contractors. Periodically, the Company also manages and repairs its hotel and apartment buildings.

2. Product and Service Information The Company informs its products and services on the

Company’s website www.ayanaland.com. In addition, the Company also informs its products and services through various exhibitions and bazaars specifically for property and tourism products through well eduacted and trained marketers.

3. Means, Amount and Management of Customer Complaints

As a form of transparency to the customers, the Company strives to make information about products and services easily accessible. Products and services’s information can be accessed through the Company’s website.

Complaints related to consumer issues, especially at the hotels, can be submitted to the hotel’s and/or apartment’s front office. Throughout 2019, the Company did not receive any complaint from the customer.

During 2019, the Company has distributed fund amounted to Rp25,000,000 for CSR activities that are in line with the Company’s main focus.






Kami, yang bertanda tangan di bawah ini, menyatakan bahwa semua informasi dalam Laporan Tahunan PT Ayana Land International Tbk tahun 2019 telah dimuat secara lengkap dan bertanggung jawab penuh atas kebenaran isi Laporan Tahunan Perseroan.

Demikian pernyataan ini dibuat dengan sebenarnya.

We, the undersigned, hereby declare that the 2019 Annual Report of PT Ayana Land International Tbk has already contained a complete information and we shall be fully responsible for the correctness of the Company’s Annual Report content.

This statement is hereby made in all truthfulness.

Tanggung Jawab Laporan TahunanAnnual Report Responsibility

Erwin Kusnadi

Direktur UtamaPresident Director


Direktur Director

Elariska Sihaloho

Komisaris Independen Independent Commissioner

Catur Prianto

Komisaris UtamaPresident Commissioner



Badung, 24 Juni 2020Badung, 24 June 2020

SURAT PERNYATAAN ANGGOTA DIREKSI DAN ANGGOTA DEWAN KOMISARISTENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2019

PT AYANA LAND INTERNATIONAL TBK

STATEMENT OF MEMBERS OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERSON THE RESPONSIBILITY FOR THE 2019 ANNUAL REPORT OF

PT AYANA LAND INTERNATIONAL TBK

Halaman ini sengaja dikosongkanThis page is intentionally left blank

Jl. Raya Cendrawasih No. 88AKerobokan Kelod, Kuta UtaraBadung, Bali, 80361

T : (0361) 8499595E : [email protected] : www.ayanaland.com

Laporan Tahunan

2019 Annual Report


Hadapi Tantangan Melalui Strategi Bisnis yang Tepat

Documents

Transcript of Hadapi Tantangan Melalui Strategi Bisnis yang Tepat