2013 Annual Report Laporan Tahunan 2013

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2013 Annual ReportLaporan Tahunan 2013

Laporan Tahunan 2013 Annual Report 2013PT Intiland Development TbkDaftar IsiTable of Content3Mempertahankan Pertumbuhan3Sustaining Growth5Ikhtisar Penting5Important Highlights23Laporan Dewan Komisaris dan Direksi23Reports from the Board of Commissioners and Directors35Profil Perseroan35Company Profile83Analisa dan Pembahasan Manajemen83Management’s Discussion and Analysis133Tata Kelola Perusahaan133Corporate Governance185Tanggung Jawab Sosial Perusahaan185Corporate Social ResponsibilityXILampiran Konsolidasi Laporan Keuangan yang Berakhir31 Desember 2013 dan 2012XIConsolidated Financial Statement for the Years EndedDecember 31, 2013 and 20123LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

Intiland Tower JakartaMempertahankan PertumbuhanSustaining GrowthPT Intiland Development Tbk memiliki keyakinan yangkuat untuk mempertahankan kinerja Perseroan yangberkelanjutan kendati dihadapkan oleh melambatnyapertumbuhan perekonomian Indonesia di tahun 2013.PT Intiland Development Tbk is looking ahead withgreat confidence to maintain the Company’s sustainableperformance despite Indonesia’s economic slowdown in2013.Dengan tingginya volatilitas nilai tukar rupiah terhadap dolarAS, yang berlangsung sejak pertengahan tahun 2013, banyaksektor termasuk properti menghadapi tantangan yangberpotensi menghambat iklim usaha.With high volatility of rupiah against US dollar, taking placesince mid 2013, many sectors including property facedchallenges that potentially impede businesses.Looking back, the robust economy that Indonesiaexperienced throughout the year 2012 was undoubtedlya strong boost for the country’s property industry, duringwhich Intiland realized its business potentials with thedevelopment of projects designed back in the previous years.Sejarah mencatat, kokohnya perekonomian Indonesiasepanjang tahun 2012 merupakan dorongan kuat bagisektor industri properti nasional. Potensi bisnis ini disadariIntiland dengan melakukan pengembangan bisnis yangsudah dirancang di tahun-tahun sebelumnya.In 2013, account deficits and overheating local economyled to macroeconomic uncertainty. In spite of this, Intilandmanaged to push the envelope with sales surged to a recordhigh. The Company also stayed on track with its existingprojects, whose auspicious outlook is predicted to setanother mark of success in the year to come.Pada tahun 2013, defisit neraca dan pemanasanperekonomian lokal menyebabkan ketidakpastian ekonomisecara makro. Terlepas dari hal itu, Intiland berhasilmendorong pencapaian usaha dengan mencatatkan kinerjapenjualan yang tinggi. Semua proyek Perseroan juga tetapberada di jalur yang tepat, dengan prospek pendapatanusaha sebagai tonggak keberhasilan di tahun-tahunmendatang.23LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

PraxisIkhtisar PentingImportant HighlightsNeraca per 31 DesemberBalance Sheet as of 31 December201320122011576.995452.100357.107Aset Lain-lainOther Assets6.949.4755.639.6515.334.803Jumlah AsetTotal 0443.950.9353.799.002Jumlah Liabilitas & ekuitasTotal Liabilities & Equity7.526.4706.091.7515.691.910Tahun YearAsset Tetap (netto)Fixed Assets (nett)Untuk tahun-tahun yang berakhir 31 Desember (dalam jutaan Rupiah)For the years ended 31 December (in million Rupiah)45LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

Perhitungan Rugi LabaStatement of IncomeRasio UsahaProfitability .161Laba Kotor / PenjualanGross Profit Margin46,75%39,32%38,43%Laba KotorGross Profit705.911496.198360.886Laba Usaha / PenjualanOperating Profit Margin26,51%24,06%19,98%Laba UsahaIncome from Operations400.355303.664187.634Laba Bersih / PenjualanNet Profit Margin21,43%14,37%14,91%Laba sebelum pajak penghasilanIncome before tax403.749276.240198.563Laba Usaha / EkuitasOperating Profit to Equity9,95%7,84%5,06%Laba BersihNet Income323.629181.402140.020Laba Bersih / EkuitasNet Profit to Equity8,04%4,68%3,77%Laba Usaha per saham (Rupiah)Income from Operations per-share (Rupiah)392918Laba Bersih / Jumlah AsetNet Profit to Total Assets4,75%3,08%2,72%Laba Bersih per saham - Dasar (Rupiah)Earnings per-share (Rupiah)311714201320122011Hutang terhadap EkuitasDebt to Equity29,81%28,61%32,04%Jumlah Liabilitas terhadap EkuitasTotal Liabilities to Equity85,26%55,25%51,00%Jumlah Liabilitas terhadap Jumlah AsetTotal Liabilities to Total Assets50,38%36,34%36,79%Tahun YearPendapatan UsahaRevenuesTahun YearUntuk tahun-tahun yang berakhir 31 Desember (dalam jutaan Rupiah kecuali Laba Usaha dan Laba Bersih per lembar saham)For the years ended 31 December (in million Rupiah except Income from Operations and Earning per Share)Rasio KeuanganFinancial RatioRasio PertumbuhanGrowth RatioTahun Year201320122011Pendapatan UsahaRevenues19,65%34,38%11,44%Laba UsahaIncome from Operations31,84%61,84%-28,57%Laba Sebelum PajakProfit before Tax46,16%39,12%-54,21%Laba BersihNet Profit78,40%29,55%-60,57%Jumlah AktivaTotal Assets23,55%7,02%23,76%3,67%4,00%4,82%Tahun YearEkuitasEquity67LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

Kontribusi Pendapatan Berdasarkan Sektor (dalam jutaan Rupiah)Revenue Contribution by Sector (in million Rupiah)Kontribusi Laba Kotor Berdasarkan Sektor (dalam jutaan Rupiah)Gross Profit Contribution by Sector (in million Rupiah)Pendapatan Revenue201320122011Pendapatan Revenue201320122011Kawasan PerumahanTownship & Estate610.809595.591227.427Kawasan PerumahanTownship & Estate259.427268.56699.089Highrise & Mixed UseHighrise & Mixed Use450.476454.920415.960Highrise & Mixed UseHighrise & Mixed kantoranOffice Rental96.48780.98575.885PerkantoranOffice awasan industriIndustrial EstateJumlahTotalHospitalityHospitalityKawasan industriIndustrial EstateKontribusi Pendapatan Berdasarkan Tipe (dalam jutaan Rupiah)Revenue Contribution by Type (in million Rupiah)Pendapatan RevenuePendapatan dari Pengembangan PropertiDevelopment IncomePendapatan BerkelanjutanRecurring IncomeJumlahTotal89LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

Tonggak Sejarah Milestone1970s Founder HendroGondokusumo startsproperty business1970sPROJECT MILESTONES1974 Dev’t ofCilandak GardenHousing“GOOD OLD DAYS OF RAPID GROWTH”Group was officially consolidatedunder the name “PT WismaDharmala Sakti”One of the firstproperty developerslisted on the JakartaStock Exchange1990s1980s1981 Start of dev’tactivities in West SBYbeginning with“Darmo Baru”1982 Start ofactivities inJakarta beginningwith “TamanHarapan Indah”1987 Completion ofIntiland Tower JakartaRESTRUCTURING YEARS1997-1998 Asian Financial CrisisCORPORATE MILESTONESFOUNDING1989 – 2010 Developmentof Mid-Income estateTaman Semanan Indah(80ha) in JakartaContinued ops as goingconcern while continuingto pay interest. No staffretrenchment. Debtsettlement with allcontractors.Jun 2007 DebtEquity Swapconverting Rp 1.1Trillion outstandingdebt into 2.2billion shares.New CEO and BODappointed.2003 Debt-AssetBarter with PaninBank for GrandBromo Hotel, GrandTrawas Hotel andMenteng Prada2008-2009 Heldback our growthplans in view ofglobal economicuncertaintiesApr 2010 Rp 2.07Trillion 1-for2 Rights IssuestrengthensBalance Sheet andvastly increasesland bank1995 Completionof Wisma Manulife1998 Completionof KondominiumKintamani, possiblythe only apartmentproject successfullyhanded over tocustomers that yearJuly 2013, Rp 500billion Bond Issue2010s1997 Completion ofIntiland Tower Surabaya1992 – PresentDevelopment ofluxury golf estate“Graha Famili”(280ha) in SurabayaJun 2010 StockSplit 2: 1 From 5,1billion share to 10,2billion share.2000sFeb 2010 Launchof 1Park Residencein South Jakarta1990 branched intoIndustrial Estates withcommencement ofNgoro Industrial Park1989 - 2006Development ofluxury seafrontestate “PantaiMutiara” (100ha)in North JakartaREJUVENATION, NEW DIRECTIONNov 2008Handover ofRegatta Phase1, an iconicseafront luxurycondominiumOct 2011 Launchof Serenia Hills inSouth JakartaNov 2011introduction thenew businesscomplex “SouthQuarter, JakartaJun 2010Developmentof Graha Natura(86ha project)Aug 2010Completionof first “WhizHotel” inYogyakartaNov 2011Completionof second“Whiz Hotel” inSemarang1011LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013Oct 2011 Startingcontruction phase ofAeropolis ResidencesApartment, anew project, nearof Soekarno HattaInternational Airport,Tangerang2012 Startingdevelopmentof SouthQuarter, TBSimatupang,JakartaApril 2013StartingDevelopment of1Park AvenueCondominium,Kebayoran,South Jakarta2013 Launchof Praxis, CBDSurabaya

Sumatra361213LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

Peristiwa PentingEvent HighlightsJanuari January10Maret MarchPenandatanganan Kerjasama Whiz Hotel BanjarmasinJajaran manajemen Intiwhiz International melakukan penandatanganankerjasama nota kesepakatan untuk pengembangan dan mengoperasikanWhiz Hotel Banjarmasin yang berlokasi di Jalan Ahmad Yani, Banjarmasin,Kalimantan Selatan.15i-Circle First AnniversaryPrivileged club for Intiland customers, i-Circle celebrated its first anniversaryby staging musical performance, “From Intiland with Love” at Grand HyattHotel Ballroom, Jakarta. The event was held as an appreciation to thecustomers.Whiz Hotel Banjarmasin MOU SigningIntiwhiz International management signed Memorandum of Understandingon the development of Whiz Hotel Banjarmasin located on Jalan AhmadYani, Banjarmasin, South Kalimantan.17Intiland Memberi Bantuan pada Korban Banjir JakartaIntiland melalui Yayasan Intiland memberikan bantuan kepada korbanbanjir yang melanda Jakarta pada Kamis 17 Januari 2013. Bantuan berupamakanan dan kebutuhan pokok serta alat kebersihan diserahkan kepadapemerintah provinsi DKI Jakarta melalui Relawan JB Cepat Tanggap diGedung Balai Kota DKI Jakarta.Intiland Gives Assistance to Jakarta Flood VictimsIntiland through Intiland Foundation gave assistance to the victims ofJakarta flood on Thursday, January 17, 2013. The assistance in the form offood and daily necessity was handed over to Jakarta provincial governmentthrough volunteers of JB Cepat Tanggap in the city hall.Februari February03Kerjasama Pengembangan Whiz Hotel Tugu Malioboro, YogyakartaJajaran manajemen Intiwhiz menandatangani perjanjian kerjasamadengan mitra strategis untuk mengembangkan Whiz Hotel Tugu Malioboro,Yogyakarta. Hotel dengan luas 1.020 meter persegi ini akan menjadi hotelkedua yang dikelola Intiwhiz di Yogyakarta setelah Whiz Hotel Yogyakartayang telah beroperasi tahun 2010.Penutupan Atap Whiz Hotel CikiniIntiwhiz International menggelar acara penutupan atap atau topping offWhiz Hotel Cikini, Jakarta pada hari Rabu, 20 Maret 2013. Hotel ini memiliki133 kamar dan berada di lokasi strategis, kawasan Menteng, Jakarta Pusat.Whiz Hotel Cikini Topping OffIntiwhiz International held a topping off ceremony of Whiz Hotel Cikini,Jakarta on March 20, 2013. Equipped with 133 rooms, the hotel is located inthe strategic area of Menteng, Central Java.April AprilAksi Jakarta BersihBeberapa karyawan Intiland bergabung dengan relawan Jakarta Bersihdalam membersihkan lingkungan daerah pasca banjir yang terjadi diJakarta pada bulan Januari 2013. Kegiatan ini didukung 1.260 orang relawanmasyarakat, serta 50 orang dari SatPol PP dan Persada Kebersihan.Maret March132013Action for Clean JakartaSeveral Intiland employees joined in with volunteers of Clean Jakartacleaning surrounding area that hit by the flood in January 2013. This activitywas supported by 1,260 volunteers, as well as 50 from SatPol PP and PersadaKebersihan.Ulang Tahun pertama i-CircleKlub eksklusif para pelanggan Intiland, i-Circle merayakan ulang tahunpertamanya dengan menggelar pertunjukan musikal “From Intiland withLove” di Ballroom Grand Hyatt Hotel, Jakarta. Acara ini digelar sebagaibentuk penghargaan Intiland terhadap pelanggan.Peluncuran Serenia Hills Tahap IIIntiland meluncurkan pengembangan tahap II perumahan Serenia Hills padatanggal 13 April 2013. Pengembangan baru di lahan seluas 14 hektar initerdiri dari 105 unit rumah yang dibagi ke dalam dua tipe, Titan dan Ultimate.The Launch of Serenia Hills Phase IIIntiland launched the phase II of the development of Serenia Hills on April13, 203. The new development on a 14-hectare land comprises 105 housingunits divided into two types, Titan and Ultimate.18Pembangunan Apartemen 1Park AvenueIntiland memulai pembangunan proyek apartemen 1Park Avenue yangberlokasi di kawasan Kebayoran, Jakarta Selatan. Dimulainya tahapanpembangunan apartemen baru ini ditandai melalui seremonial groundbreaking oleh jajaran manajemen perseroan pada Kamis, 18 April 2013.Groundbreaking of 1Park AvenueIntiland has started the development of 1Park Avenue in the area ofKebayoran Baru, South Jakarta. The development commencement of thisnew apartment was marked with a groundbreaking ceremony by thecompany’s management on Thursday April 18, 2013.MOU Signing on Whiz Hotel Tugu YogyakartaIntiwhiz management signed Memorandum of Understanding withstrategic partner to develop Whiz Hotel Tugu Malioboro, Yogyakarta. The1,020-square meter hotel will be the second hotel managed by Intiwhiz inYogyakarta after Whiz Hotel Yogyakarta commencing its operation in 2010.1415LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

Juni JuneApril April20Peluncuran Proyek Baru PraxisIntiland meluncurkan Praxis, sebuah pengembangan mixed-use terbaru dikawasan pusat bisnis di Surabaya. Praxis adalah bagian dari pengembanganIntiland Tower Surabaya berupa komplek bangunan terpadu yangmenyediakan fungsi beragam, terdiri dari apartemen, hotel, perkantoran,ritel, fasilitas hiburan seperti bioskop dan ruang serbaguna.11The Launch of New Project PraxisIntiland launched Praxis, the newest mixed-use development in Surabayabusiness district. Praxis is part of Intiland Tower Surabaya development,which is integrated complex with various functions that include apartment,hotel, office, retail, and entertainment facilities such as cinema and multipurpose hall.Intiland Raih Penghargaan 10 Developer TerbaikIntiland meraih penghargaan BCI Asia Award 2013 sebagai salah satu darisepuluh pengembang terbaik di Indonesia. Acara ini diselenggarakan olehBuilding & Construction Interchange (BCI) di hotel JW Marriot KuninganJakarta. Ini merupakan penghargaan yang ketiga kalinya secara berturutturut bagi Intiland, pada tahun 2011 dan 2012 perseroan juga menerimapenghargaan sebagai 10 pengembang terbaik.Intiland Receives Top 10 Best Developer Awards 2013Intiland achieved BCI Asia Award 2013, as one of the best ten top developersin Indonesia. The event was held by Building & Construction Interchange(BCI) at JW Marriot Hotel, Kuningan, Jakarta. The award is the third timesIntiland has consecutively received. Previously, in 2011 and 2012, theCompany was also awarded as one of the best top ten developers.Mei MayJuli July03Kerjasama Pembangunan Grand Whiz Hotel BandungJajaran manajemen Intiwhiz International melakukan penandatanganankerjasama nota kesepakatan untuk mengelola Grand Whiz Hotel Bandungyang terletak di Jl. Dr. Setiabudhi, Bandung, Jawa Barat03MOU Signing on Grand Whiz Hotel BandungIntiwhiz International management signed Memorandum of Understandingfor the management of Grand Whiz Hotel Bandung, which is located on Jl.Dr. Setiabudhi, Bandung, West Java.2222Pembangunan Fasilitas Pengolahan Sampah MandiriYayasan Intiland bekerjasama dengan yayasan Sangga Buana membangunfasilitas Pusat Pengelolaan Sampah Terpadu sebagai bagian dari programpeduli lingkungan. Pusat pengelolaan sampah berkapasitas enam ton perhari ini dibangun di lahan seluas 3.000 meter persegi di kawasan HutanKota Pesanggrahan Sangga Buana, Jakarta Selatan. Fasilitas ini menjadipusat pengolahan sampah rumah tangga untuk perumahan Serenia Hillsdan kawasan di sekitar kali Pesanggrahan.Development of Waste Treatment FacilityIntiland Foundation, in collaboration with Sangga Buana Foundation, builtcenter of Integrated Waste Treatment facility as part of environmentalawareness program. With capacity of six tons per day, this waste treatmentfacility was built on a 3,000-square-meter town forest area of PesanggrahanSangga Buana, South of Jakarta. This facility has become the householdwaste treatment facility for Serenia Hills housing estate and the areasurrounding Pesanggrahan River.Graha Natura Raih Penghargaan Properti Indonesia Awards 2013Graha Natura menerima penghargaan proyek properti untuk kategoriperumahan di ajang Properti Indonesia Award 2013. Keunggulan dari sisikonsep dan infrastruktur yang memadukan aspek teknologi, alami, dankesehatan. Ajang yang diselenggarakan oleh majalah Properti Indonesiaberlangsung di hotel Grand Sahid, Jakarta.Penutupan Atap Whiz Prime Hotel BalikpapanIntiwhiz menggelar acara penutupan atap atau topping off Whiz HotelBalikpapan, Rabu 3 Juli 2013. Prosesi pelaksanaan topping off dilakukan olehMoedjianto Soesilo Tjahjono, presiden direktur dan chief executive officerIntiwhiz.Topping Off of Whiz Prime Hotel BalikpapanIntiwhiz held a topping off ceremony for Whiz Hotel Balikpapan, onWednesday July 3, 2013. Moedjianto Soesilo Tjahjono as Intiwhiz presidentdirector and chief executive officer led the ceremony procession.1029Intiland Terbitkan Obligasi 500 Miliar RupiahPerseroan menerbitkan obligasi senilai Rp 500 miliar berlaku efektif padatanggal 10 Juli 2013. Obligasi yang diterbitkan terdiri dari dua seri yakniseri A senilai Rp 346 miliar dan seri B senilai Rp 154 miliar. Dana hasilpenawaran umum ini digunakan untuk pengembangan usaha.Intiland Issues 500 billion Rupiah BondsThe Company issued bonds worth Rp 500 billion, effective on July 10, 2013.There were two serial bonds issued, namely Serial A worth Rp 346 billionand Serial B worth Rp 154 billion. The funds from this public offering wouldbe used for business development.Pembukaan Grand Whiz Hotel Nusa DuaSetelah sukses mengoperasikan hotel di kawasan Kuta, Intiwhiz secararesmi mulai mengoperasikan Grand Whiz Hotel Nusa Dua, Bali pada Senin,29 Juli 2013. Hotel ini menerapkan konsep resor dengan 16 unit vila dan 46unit kamar.The Opening of Grand Whiz Hotel Nusa DuaAfter successfully operating the hotel in Kuta area, Intiwhiz officially heldgrand opening of Grand Whiz Hotel Nusa Bali, on Monday, July 29, 2013. Thehotel applies a resort concept with 16 villas and 46 rooms.Graha Natura Receives Properti Indonesia Awards 2013Graha Natura received property project award for the category of housingestate at Properti Indonesia Award 2013. The award was given based on theconcept and infrastructure which integrate technology, nature and health. Theevent was held by Properti Indonesia magazine at Grand Sahid Hotel, Jakarta.1617LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013LAPORAN TAHUNAN 2013 PT Intiland DEVELOPMENT TBK Annual report 2013

September SeptemberAgustus August30Penandatanganan Kerjasama Pengembangan Whiz HotelKebon Kacang JakartaIntiwhiz terus memperluas jaringan hotelnya di Jakarta denganmenandatangani nota kerjasama pengembangan Whiz Hotel

LAPORAN TAHUNAN 2013 PT In TIland dEVElOPMEnT TBK ANNUAL RePORT 2013 5 LAPORAN TAHUNAN 2013 PT In TIland dEVElOPMEnT TBK ANNUAL RePORT 2013 4 neraca per 31 desember Balance Sheet as of 31 december 2012 452.100 5.639.651 6.091.751 2.140.816 3.950.935

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