Management Discussion And Analysis Corporate Governance .
Kilas Kinerja 20172017 Performance HighlightsLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileDaftar isiTable of ContentsKilas Kinerja 2017Laporan Manajemen006 Laporan Laba RugiStatements of Income008 Laporan Posisi KeuanganSatatements of Financial Position009 Rasio KeuanganFinance Ratios015 Dewan Komisaris PT Rajawali Nusantara Indonesia(Persero)The Board of Commissioners PT Rajawali Indonesia(Persero)017 Laporan Dewan KomisarisThe Board of Commissioners Report023 Direksi PT Rajawali Nusantara Indonesia (Persero)The Board of Directors PT Rajawali Indonesia (Persero)025 Laporan DireksiThe Board of Directors ReportPerformance Summary 2017Management ReportProfil PerusahaanCompany Information036 Informasi PerusahaanCompany Information037 Riwayat Singkat PerusahaanCompany Brief History040 Identitas PerusahaanCompany Identity041 Bidang UsahaBusiness Line044 Struktur OrganisasiOrganization Structure045 Visi dan MisiVision and Mission048 Budaya PerusahaanCorporate Culture050 Identitas dan Riwayat Hidup Singkat Anggota DewanKomisarisProfile of Members of the Board of Commissioners055 IdentitasdanRiwayatHidupSingkatAnggota Dewan DireksiProfile of Members of the Board of Directors060 Pengelolaan Human CapitalHuman Capital Management076 Hubungan IndustrialIndustrial RelationiiLaporan Tahunan Annual Report 2017077 Komposisi Pemegang SahamComposition of Shareholders078 Daftar Entitas Anak dan/atau Entitas AsosiasiList of Subsidiaries and/or Associates080 Struktur Grup PerusahaanGroup Structure082 Penghargaan dan Pengakuan EksternalAwards and External Recognition085 Nama dan Alamat Entitas Anak dan/atau KantorCabang atau Kantor PerwakilanName and Address of Subsidiaries and/or Branch Officeor Representative Office088 Informasi pada Website PerusahaanInformation on Corporate Website090 Pendidikan dan/atau Pelatihan Dewan Komisaris,Direksi, Komite-komite, Sekretaris Perusahaan, danUnit Audit InternalTraining and Education for Board of Commissioners,Board of Directors, Committees, Corporate Secretary,and Internal Audit Unit093 Peristiwa Penting 2017Siginificant Events 2017PT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityReferensi Kriteria ARA Tahun 20172017 ARA Criteria ReferenceAnalisa dan Diskusi ManajemenTata Kelola Perusahaan yang Baik104 Tinjauan UmumGeneral Overview106 Tinjauan Operasi per Segmen UsahaOperations Review per Business Segments110 Tinjauan Umum Analisa Laporan KeuanganKonsolidasian KomprehensifAnalysis of Comprehensive Consolidated FinancialStatements135 Kemampuan Membayar Pinjaman dan KolektibilitasPiutangDebt Payable and Collectability Rate of AccountsReceivable138 Struktur Modal dan Kebijakan Struktur ModalCapital Structure and Management Policy on CapitalStructure150 Perubahan Kebijakan AkuntansiChanges in Accounting Policies152 Informasi Kelangsungan UsahaBusiness Sustainability Information156 Tata Kelola Perusahaan yang BaikGood Corporate Govermance173 Dewan KomisarisThe Board of Commissioners180 Whistle Blowing SystemWhistle Blowing System183 DireksiThe Board of Directors189 Hubungan Kerja Antara Komisaris dan DireksiWorking Relationship Betwee the Board ofCommissioners and Directors189 Check and Balances Antara Dewan Komisaris danDireksiChecks and Balances Between the Board ofCommissioners and Directors190 Penilaian Dewan Komisaris dan DireksiAssessment of the Board of Commissionersand Directors192 Kebijakan Keberagaman Dewan Komisaris dan DireksiDiversity Policy in the Composition of the Board ofCommissioners and Directors195 Informasi Mengenai Pemegang Saham Utama danPengendaliInformation of Majority & Controlling Shareholders196 Remunerasi Dewan KomisarisRemuneration for the Board of Commissioners197 Remunerasi DireksiRemuneration for the Board of Directors200 Rapat Dewan Komisaris dan DireksiMeeting of the Board of Commissioners and Directors227 Komite AuditAudit Committee230 Komite Nominasi dan RemunerasiNomination and Remuneration Committee231 Komite Manajemen RisikoRisk Management Committee234 Akses Informasi dan Data PerusahaanInformation and Data Access of the Company236 Kode EtikCode of Conduct239 Manajemen RisikoRisk Management242 Komite-Komite Lain di Bawah Dewan KomisarisOther Committees Under the Board of Commissioners243 Sekretaris PerusahaanCorporate Secretary249 Unit Audit InternalInternal Audit Unit261 Perkara HukumLegal Proceedings273 Kantor Akuntan PublikPublic Accountant FirmManagement Discussion and AnalysisTanggung Jawab Sosial PerusahaanCorporate Social Responsibility277 Tanggung Jawab Sosial Terhadap Ketenagakerjaan,Kesehatan, dan Keselamatan KerjaSocial Responsibility on Employment, Health and Safety280 Tanggung Jawab Sosial Terhadap KonsumenSocial Responsibility to Consumers284 Tanggung Jawab Sosial Terhadap Lingkungan HidupSocial Responsibility to the Environment287 Tanggung Jawab Sosial Terhadap PengembanganSosial dan KemasyarakatanSocial Responsibility to the Social and CommunityDevelopmentPernyataan Tanggung Jawab atasLaporan Tahunan PT RNI Tahun Buku 2017Statement of Responsibility for2017 Annual Report of PT RNIKriteria Annual Report Award 20162016 Annual Report Award CriteriaPT Rajawali Nusantara Indonesia (Persero)Good Corporate GovermanceLaporan Tahunan Annual Report 2017iii
Kilas Kinerja 20172017 Performance HighlightsLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileIkhtisarKinerja 20172017 Performance Highlights4Laporan Tahunan Annual Report 2017PT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityReferensi Kriteria ARA Tahun 20172017 ARA Criteria Reference01PT Rajawali Nusantara Indonesia (Persero)Laporan Tahunan Annual Report 20175
Kilas Kinerja 20172017 Performance HighlightsLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileLaporan Laba RugiStatements of Incomedalam miliar RupiahIn Billion RupiahUraian ,175.063,155.632,864.971,094.137,13Laba (Rugi) BrutoGross Profit1.372,531.234,191.256,27797,06987,01Laba (Rugi) UsahaOperating Income291,77218,71343,91(82,89)178,15Laba Sebelum Pajak PenghasilanProfit Before Income Taxes374,22302,32181,93(262,91)93,70Laba Tahun BerjalanProfit For The Year353,33247,2569,01(330,52)33,24Jumlah Penghasilan Komprehensif LainTotal Other Comprehensive Income624,992.945,6466,48(17,36)-Jumlah Laba (Rugi) KomprehensifTotal Comprehensive Income 59,89(351,41)12,2554,2021,799,1020,8820,99Pemilik Entitas IndukOwners of the n Non PengendaliNon-controlling (937.872)56.931Laba Tahun Berjalan Diatribusikan Kepada:Comprehensive Income (Loss) Attributable To:Pemilik Entitas IndukOwners of the CompanyKepentingan Non PengendaliNon-controlling interestsLaba Komprehensif Diatribusikan Kepada:Comprehensive Income (Loss) Attributable To:Per lembar saham (angka penuh)Per share (full amount)6Laporan Tahunan Annual Report 2017PT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityReferensi Kriteria ARA Tahun 20172017 ARA Criteria ReferenceGrafik Laba Rugi(Dalam Miliar Rupiah)Laba Sebelum Pajak PenghasilanProfit Before Income ba Tahun BerjalanProfit for the YearLaba KotorGross 33247,25201769,0133,24(330,52)Jumlah Penghasilan Komprehensif LainTotal Other Comprehensive IncomeJumlah Laba (Rugi) KomprehensifTotal Comprehensive Income ,36)PT Rajawali Nusantara Indonesia (Persero)135,4933,24(347,89)Laporan Tahunan Annual Report 20177
Kilas Kinerja 20172017 Performance HighlightsLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileLaporan Posisi KeuanganStatements of Financial Positiondalam miliar RupiahIn Billion RupiahUraian Description20172016201520142013Aset Lancar Current Assets3.352,233.085,202.954,063.387,163.717,65Aset Tidak Lancar Non-Current 07,9510.373,556.832,307.173,167.377,31Liabilitas Jangka Pendek Short-Term 6Liabilitas Jangka Panjang Long-Term 4Total liabilitas Total 0Total Ekuitas Total 56,2850,3338,66Total Aset Total AssetsTotal Liabilitas & Ekuitas Total Liabilities & EquityInvestasi Pada Entitas AsosiasiInvestment in AssociatesGrafik posisi Keuangan(Dalam Miliar Rupiah)Total AsetTotal AssetsTotal LiabilitasTotal poran Tahunan Annual Report 20172017PT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityTotal EkuitasTotal EquityReferensi Kriteria ARA Tahun 20172017 ARA Criteria ReferenceInvestasi Pada Entitas AsosiasiInvestment in 0,6756,281.075,9850,3338,6620172017Rasio KeuanganFinancial Ratiosdalam %In %UraianDescriptionLaba kotor terhadap PenjualanGross Profit Margin on Laba Usaha terhadap Jumlah AsetProfit to Income2,942,381,01(4,61)0,45Laba Usaha terhadap EkuitasProfit to 4,16566,66404,7951,1553,0882,2885,0080,19Aset Lancar terhadap Liabilitas LancarCurrent Assets to Current LiabilityLiabilitas Tidak Lancar terhadap EkuitasNon-Current Assets to EquityJumlah Liabilitas terhadap EkuitasLiability to EquityJumlah Liabilitas terhadap Jumlah AsetLiability to AssetPT Rajawali Nusantara Indonesia (Persero)Laporan Tahunan Annual Report 20179
Kilas Kinerja 20172017 Performance HighlightsLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileGrafik rasio KeuanganFinancial ratios GraphAset lancar terhadap Liabilitas LancarCurrent Assets to Current LiabilityLaba kotor terhadap PenjualanGross Profit Margin on 132,1891,942017Jumlah Liabilitas terhadap EkuitasLiability to EquityLiabilitas Tidak Lancar terhadap EkuitasNon-Current Assets to 20566,66404,79113,142017Jumlah Liabilitas terhadap Jumlah AsetLiability to Asset82,2851,1585,0080,1953,08201710Laporan Tahunan Annual Report 2017PT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityReferensi Kriteria ARA Tahun 20172017 ARA Criteria ReferenceInformasi Harga SahamInformation of Stock PricePerusahaan merupakan Badan Usaha Milik Negara yangdimiliki 100% oleh Pemerintah Republik Indonesia. Sampaidengan akhir periode pelaporan, Perusahaan tidak listed diBEI. Dengan demikian, Laporan ini tidak menyajikan informasimengenai saham yang telah diterbitkan meliputi jumlah sahamyang beredar, kapitalisasi pasar, harga saham dan volumeperdagangan saham, aksi korporasi, jumlah saham beredarsebelum dan sesudah aksi korporasi, harga saham sebelumdan sesudah aksi korporasi, rasio pemecahan saham (stocksplit), rasio penggabungan saham (reverse stock), penghentiansementara perdagangan saham (suspension), maupunpenghapusan pencatatan saham (delisting).The Company is State Owned Enterprise which is owned 100%by the Government of the Republic of Indonesia. Until the end ofreporting period, the Company did not listed in IDX. Therefore,this report does not provide information on issued sharesincluding total outstanding shares, market capitalization,corporate action, total outstanding shares before and aftercorporate action, stock price before and after corporate action,stock split ratio, reverse stock ratio, suspension, or delisting.Informasi Mengenai SURAT UTANG, Sukuk atauObligasi KonvertibelInformation of Debt Securities, Sukuk or Convertible BondsPada tahun 2017 PT RNI (Persero) menerbitkan Rp665 miliar,terdiri dari:1. Medium Term Note (MTN) tahap I : Rp77 miliar (tanggal 13April 2017)2. MTN tahap II : Rp388 miliar (tanggal 9 Juni 2017)3. Sukuk Ijarah : Rp200 miliar (tanggal 2 Agustus 2017)PT Rajawali Nusantara Indonesia (Persero)In 2017 PT RNI (Persero) issued Rp665 billion, consisting of:1. Phase I Medium Term Note (MTN): Rp. 77 billion (April 13,2017)2. Phase II MTN: Rp388 billion (June 9, 2017)3. Sukuk Ijarah: Rp200 billion (August 2, 2017)Laporan Tahunan Annual Report 201711
Kilas Kinerja 20172017 Performance HighlightsLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileLaporanManajemenManagement Reports12Laporan Tahunan Annual Report 2017PT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityReferensi Kriteria ARA Tahun 20172017 ARA Criteria Reference02PT Rajawali Nusantara Indonesia (Persero)Laporan Tahunan Annual Report 201713
Kilas Kinerja 20172017 Performance Highlights14Laporan Tahunan Annual Report 2017Laporan ManajemenManagement ReportProfil PerusahaanCompany ProfilePT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityReferensi Kriteria ARA Tahun 20172017 ARA Criteria ReferenceDewan Komisaris PT Rajawali Nusantara Indonesia(Persero)The Board of Commissioners of PT Rajawali Nusantara Indonesia (Persero)040305020101 RamelanKomisaris UtamaPresident Commissioner02 Aditya DhanwantaraKomisarisCommissioner03 Muhammad YaminKomisarisCommissioner04 SuriptoKomisarisCommissioner05 Sudarsono HardjosoekartoKomisarisCommissionerPT Rajawali Nusantara Indonesia (Persero)Laporan Tahunan Annual Report 201715
Kilas Kinerja 20172017 Performance HighlightsLaporan ManajemenManagement ReportProfil PerusahaanCompany ProfileRamelanKomisaris UtamaPresident Commissioner16Laporan Tahunan Annual Report 2017PT Rajawali Nusantara Indonesia (Persero)
Analisa dan Pembahasan ManajemenManagement Discussion and AnalysisTata Kelola PerusahaanCorporate GovernanceTanggung Jawab Sosial PerusahaanCorporate Social ResponsibilityReferensi Kriteria ARA Tahun 20172017 ARA Criteria ReferenceLaporan Dewan KomisarisThe Board of Commissioners’ ReportPemegang saham dan pemangku kepentingan yang kamihormati, Atas nama Dewan Komisaris, perkenankan kami untukmemberikan laporan terkait pelaksanaan fungsi pengawasanselaku Dewan Komisaris terhadap seluruh langkah strategisyang diambil oleh Direksi dalam pengelolaan PT RNI (Persero)dan pandangan atas kinerja PT RNI (Persero) di sepanjangtahun 2017.Dear Honored Shareholders And Stakeholders, On behalf ofthe Board of Commissioners, allow us to deliver the reportconcerning the implementation of supervisory function as theBoard of Commissioners towards all strategic actions taken bythe Board of Directors in managing PT RNI (Persero) and ourperspective on the PT RNI (Persero)’s performance throughoutthe year of 2017.Kondisi perekonomian nasional pada tahun 2017 mengalamiperbaikan bila dibandingkan dengan kondisi tahun 2016.Pada tahun 2017, Indonesia berhasil mencatat pertumbuhanekonomi sebesar 5,07%, lebih tinggi dibanding capaian tahun2016 yaitu sebesar 5,02%. Tingkat inflasi pada tahun 2017berada pada prosentase perubahan tahunan sebesar 3,61%mengalami peningkatan jika dibandingkan tahun 2016 sebesar3,02%. Sementara itu, cadangan devisa mengalami peningkatandari USD130,2 miliar pada tahun 2017 lebih tinggi dengan nilaitahunan 2016 yang sebesar USD116,4 miliar.The national economic condition in 2017 has improved,compared to the conditions in 2016. In 2017, Indonesia recordedeconomic growth of 5,07%, higher than in 2016 that was 5,02%.The inflation rate in 2017 was at an annual percentage change of3.61% increased compared to 2016 that was 3,02%. Meanwhile,foreign exchange reserves increased to US 130,2 billion in 2017higher than the annual value in 2016 that was US 116,4 billion.Hal lain yang juga cukup fenomenal bagi tumbuhnya atmosfirlingkungan usaha serta kepercayaan investor adalah dengandiperolehnya status investment grade dari 3 lembagapemeringkat internasional pada tahun 2017 yaitu Moody’s,Fitch dan Standard & Poor. Selain itu, peningkatan statusinvestment grade juga berdampak positif bagi pasar modalsebagai sarana pendanaan usaha selain perbankan. Padatahun 2017, Indeks Harga Saham Gabungan ditutup pada level6.355,654 atau tumbuh mendekati 20,00% dari level 5.296,711pada akhir tahun 2016.Other outstanding achievement that improved business growthand investor confidence was the obtaining investment gradestatus from 3 international rating agencies in 2017, namelyMoody’s, Fitch and Standard & Poor. In addition, this investmentgrade status improvement also positively impacted the capitalmarket that serves as a funding platform other than banking.In 2017, Composite Stock Price Index was closed at the level of6,355.654 or grew to nearly 20.00 from 5,296.711 at the end of2016.Perbaikan kondisi makro ekonomi nasional secara umumberdampak positif bagi perekonomian nasional dan turutmenyumbang cukup signifikan bagi kinerja industri nasionaltermasuk PT RNI (Persero). Dewan Komisaris mengajak semuapemangku kepentingan untuk bersama-sama meningkatkankinerja di segala lini untuk menjawab perbaikan makro ekonominasional melalui kerja keras dan inovasi di berbagai lini bisnissehingga akan membawa perbaikan di masa yang akan datang.In general, the improvement of national macroeconomicconditions has a positive impact on the national economy andcontributed significantly to the performance industry includingPT RNI (Persero). The Board of Commissioners encouragedall of the stakeholders to jointly improve their performance torespond on the national macroeconomic improvements withhard work and innovation across all of business units to achieveimprovements in the future.Penilaian KinerjaPenilaiannyaDasarEvaluation of the Board of DirectorsPerformance and Evaluation BasisDi tengah dinamika perekonomian global, regional, dannasional, PT RNI (Persero) mampu menorehkan kinerja yangbaik sebagai sebuah Holding Company yang terus berupayameningkatkan kinerja keuangan dan kinerja operasional grup.In the midst of global, regional, and national, PT RNI (Persero)to achieve good performance as Holding Company continuouslyimproved financial performance and operational groupperformance.Kinerja perusahaan tahun 2017 membukukan laba bersihsebesar Rp353,3 miliar, dan diatas realisasi tahun lalu yanglaba sebesar Rp247,3 miliar. Hasil usaha perusahaan tahun2017 menunjukkan pencapaian penjualan sebesar Rp5,2 TriliunThe company's performance in 2017 recorded net profit ofRp353,3 billion, and above the realization of last year's profit ofRp247.3 billion. The results of the company's operations in 2017show sales achievement of Rp5.2 trillion is still below budget ofDireksidanPT Rajawali Nusantara Indonesia (Persero)Laporan Tahunan Annual Report 201717
Kilas Kinerja 20172017 Performance HighlightsLaporan
190 Penilaian Dewan Komisaris dan Direksi Assessment of the Board of Commissioners and Directors . 2017 Annual Report of PT RNI Kriteria annual report award 2016 2016 Annual Report Award Criteria. 4 Laporan tahunan Annual Repor
3 Introduction 5 Life Skills 8 Discussion Starter 1 “Diversity” 9 Discussion Starter 2 “The Man and the Eagle” 10 Discussion Starter 3 “Color Blind” 11 Discussion Starter 4 “Crayons” 12 Discussion Starter 5 “The Crayon Box That Talked” 14 Discussion Starter 6 “If All the Trees Were Oaks” 15 Discussion Starter 7 “The Black Balloon”
BLACKBOARD DISCUSSION BOARDS The principle tool for online student discussion is the Discussion Board. It is included in the default template to make it easy to locate. A General Discussion Forum for you class already exists in the class template, however, the Discussion Board can contain any number of Discussion Forums that you create.
It starts with a brief discussion on Corporate Social Responsibility (CSR) and Corporate Sustainability (CS), followed by discussion drivers for sustainability, and uses the responses from a number of interviews to try to answer the aforementioned question. 2. Corporate Social Responsibility, and Corporate Sustainability
COMHLTH 574 Syllabus 5 Discussion Board Post 3 3 Sep 9 Research Plan for Market Test of Health Messages 10 Sep 9 Discussion Board Post 4 3 Sep 16 Discussion Board Post 5 3 Sep 23 Discussion Board Post 6 3 Sep 30 Health Promotion Campaign Case Study #1 15 Sep 30 Discussion Board Post 7 3 Oct 7 Discussion Board Post 8 3
regarding corporate DB pension plans, such as freezing of defined pension plans or transferring pension risks to insurers, have been made in a corporate finance framework at an enterprise level. Similarly, corporate pension funding policies and investment policies are being analyzed within a set of corporate finance metrics. Therefore, there is a
corporate finance considers the inter- relationships between corporate governance, takeovers, management turnover, corporate performance, corporate capital structure, and corporate ownership structure. Mo
The corporate entrepreneurship can be defined as "entrepreneurial behavior and the pursuit of entrepreneurial opportunities by existing firms" (Rigolini, 2007). The corporate entrepreneurship explains the survival and the growth of firms. All corporate employees are actors of the corporate
your name. A Card issued to a Corporate Card Member is called a “Corporate Card”. 2) Use of the Corporate Card You agree to use the Corporate Card solely for commercial business purposes and in accordance with Company policy. No other person is permitted to use this Corporate Card
