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Lini BisnisBusiness Line

Sumber Daya ManusiaHuman Resources

Analisis dan Pembahasan Manajemen

Management Discussion and Analysis

Tata Kelola Perusahaan

Corporate Governance

PT Jakarta International Hotels & Development TbkLaporan Tahunan 2014 Annual Report

Tahun 2014 yang dipenuhiketidakpastian menjadi tantangantersendiri yang berhasil dilaluioleh Perseroan dengan berbekalpengalaman selama lebih dari

tiga dekade dalam menghadirkankeunggulan. Melalui kerja keras dansemangat juang yang tercermin dariperkembangan proses bisnis, manusia ,dan pelayanan prima, stabilitas usahadi tengah tantangan berhasil dicapaidan dipertahankan dengan baik.Sebuah hasil positif untuk menutuptahun 2014 dengan pelayanan unggulyang mencerminkan pengalamandan kematangan Perseroan dalammenghadapi segala kondisi danmempertahankan konsistensi sertaeksistensi usaha mewujudkan visi.

The Company has managed toovercome the challenging conditionin 2014 which overshadowed byuncertainty through three decades ofexperiences in delivering excellence.

Our experience has encouraged usto work hard through development ofbusiness process, human resourcesand excellent quality serviceswhich brought the Company toachieve business stability amid thechallenging condition. This has beena positive outcome throughout 2014where our excellent quality servicehas reflected our experiences as wellas maturity in overcoming challengingcondition, and thus maintaining theconsistency and existence in realizingthe Company’s vision.

EXPERIENCED

IN DELIVERING EXCELLENCEBerpengalaman Menghadirkan Keunggulan

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D A F T A R I

I Prol PerseroanCompany Prole

Visi dan Misi

Sekilas Perseroan

Jejak Langkah

Informasi Umum Perseroan

Struktur Organisasi

Struktur Perseroan

Informasi Entitas Anak

Penghargaan dan Serti kasi 2014

Kronologis Pencatatan Saham

Aksi Korporasi

Komposisi Pemegang Saham

Struktur Pemegang Saham

Lembaga dan Profesi Penunjang Pasar Modal

Vision and Mission

Company at a Glance

Milestones

General Information of the Company

Organization Structure

Corporate Structure

The Company’s Subsidiaries

Awards and Certi cations 2014

Share Chronological Listings

Corporate Action

Share Composition

Share Ownership Structure

Capital Market Supporting Professions andInstitutions

6

7

9

10

11

13

15

20

21

21

22

23

24

Ikhtisar Kinerja 20142014 Performance Highlights

Ikhtisar Kinerja Keuangan

Ikhtisar Kinerja Saham

Peristiwa Penting 2014

Financial Highlights

Share Highlights

Signi cant Events 2014

28

29

30

Laporan ManajemenManagement Report

Laporan Dewan Komisaris

Pro l Dewan Komisaris

Laporan Direksi

Pro l Direksi

Board of Commissioners’ Report

Board of Commissioners’ Pro le

Board of Directors’ Report

Board of Directors’ Pro le

34

38

42

46

Table o Contents

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Penerapan Tata Kelola Perusahaan

Struktur Tata Kelola Perusahaan

• Rapat Umum Pemegang Saham

• Dewan Komisaris

• Direksi

• Kebijakan Nominasi dan Remunerasi Direksi

dan Komisaris

• Hubungan A liasi

• Komite Audit

• Sekretaris Perusahaan

• Audit Internal

Sistem Pengendalian Internal

Manajemen Risiko

Perkara Hukum dan Sanksi Administratif

Kode Etik

Sistem Whistleblowing

Program Kepemilikan Saham oleh Karyawandan/atau Manajemen

Keterbukaan Informasi

Tanggung Jawab Sosial Perusahaan

Corporate Governance Implementation

Corporate Governance Structure

General Meeting of Shareholders

Board of Commissioners

Board of Directors

Nomination and Remuneration Policy for theBoard of Commissioners and Directors

Af liation

Audit Committee

Corporate Secretary

Internal Audit

Internal Control System

Risk Management

Legal Disputes and Administrative Sanction

Code of Conduct

Whistleblowing System

Employee and/or Management ShareOwnership Program

Information Disclosure

Corporate Social Responsibility

Lini BisnisBusiness Lines

Kepemilikan dan Hotel

Pengembangan dan Pengelolaan Real Estat

Jasa Telekomunikasi

Jasa Manajemen Perhotelan

Hotel Ownership and Operation

Real Estate Development and Management

Telecommunication Services

Hotel Management Services

50

50

50

51


Komposisi Karyawan

Pengembangan Kompetensi Karyawan

Praktik Ketenagakerjaan, Kesehatan, danKeselamatan Kerja (K3)

Kaderisasi Karyawan

Employees’ Compositions

Employees Development Program

Employment Practices, Occupational Health,and Safety

Employees Leadership Program

56

57

58

59

Analisis dan Pembahasan ManajemenManagement Discussion and Analysis

Tinjauan Ekonomi Makro dan Industri

Tinjauan Kinerja Keuangan Tahun 2014

Strategi Pemasaran dan Pangsa Pasar

Kebijakan Dividen

Informasi Material

Perubahan Peraturan Perundang-UndanganYang Berpengaruh Signi kan TerhadapPerseroan

Perubahan Pada Kebijakan Akuntansi

Industry Macroeconomics and Review

Financial Performance Review 2014

Marketing Strategy and Market Share

Dividend Policy

Material Information

Changes in Regulations Which Signi cantly Affected the Company

Changes in Accounting Policy

62

63

72

73

74

74

74

Tata Kelola PerusahaanCorporate Governance

78

81

81

81

82

87

88

88

90

92

96

98

100

100

101

102

102

103

Laporan Keuangan Konsolidasian 2014Consolidated Financial Statements 2014

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PROFIL

PERSEROAN

Company Pro le

“JIHD remain consistent in offering innovative products for the propertyand hotel industries along with business coverage that expanded morethrough its subsidiaries that operate in synergy as the forefront among

other competitors.”

“JIHD secara konsisten senantiasa menghadirkan produk-produkinovatif bagi industri properti dan perhotelan Indonesia dan semakin

melebarkan sayap melalui portofolio bisnis yang beragam melaluientitas anak yang beroperasi secara sinergis sebagai yang terdepan

di peta persaingan.”

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Experienced in Delivering Excellence Prol PerseroanCompany ProleBerpengalaman Menghadirkan Keunggulan

Prol PerseroanCompany Prole



VISI“Menjadi pelaku bisnis yang handal dan terkemuka di bidang usahaproperti dan real estat”

MISI• Karyawan

“Mengembangkan dan membangun sumber daya manusia yangprofesional, berdedikasi dan berintegritas tinggi”• Pelayanan

“Memberikan layanan prima dan berkualitas kepada parapelanggan maupun investor”

• Keuntungan“Memastikan hasil yang optimal bagi para pemegang saham”

VISION“To become a leading and trusted company in the property and realestate business.”

MISSION• Employees

“To develop its employees by fostering professional, dedicatedand high integrity human resources”

• Services“To provide good services with excellent quality to its customersand investors”

• Pro t

“To ascertain optimal returns to the shareholders”

Visi dan Misi

Vision and Mission

Experienced in Delivering ExcellenceBerpengalaman Menghadirkan Keunggulan

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Sekilas Perseroan

Company at a Glance

The main business line of PT Jakarta International Hotelsand Development Tbk (hereafter named as JIHD or theCompany) is property and hotels. With more than forty years ofexperiences, JIHD and its subsidiaries have operated in business segments namely hotel , real estate and construction services,telecommunication and hotel management.

The long history of JIHD started since 1969 where the Companyis built under the name PT Djakarta International Hotel based onthe virtue of Deed No. 5 dated November 7, 1969, made in the presence of Soetrono Prawiroatmodjo, S.H., notary in Jakarta, withrati cation of the Ministry of Justice of the Republic of Indonesiadated March 3, 1970 No. J. A. 5/23/2, which has been publishedin the State Gazette of the Republic of Indonesia No 54 dated July 7, 1970, Addendum No. 214.

The Company’s article of association has been changed severaltimes. The revisions in the Articles of Association to conformwith the provisions of Republic of Indonesia Law No 40/2007regarding Limited Liability company by Deed of Statement ofResolutions of Extraordinary General Shareholders Meeting ofPT Jakarta International Hotels & Development Limited LiabilityCompany No. 108 dated June 27 , 2008, prepared in the presenceof Fathiah Helmi, S. H., public notary in Jakarta. This amendmenthas been approved by the Ministry of Law and Human Rights ofthe Republic of Indonesia in its Decision Letter No. AHU/94129. AH.01.02 Year 2008 dated December 09, 2008, and was published in the State Gazette of the Republic of Indonesia No.65 dated August 14, 2009, Addendum No. 21703.

In the Annual General Shareholders Meeting that held on June 3,2014, Shareholders approved to change the members of Boardof Commissioners and Directors. Furthermore the changes wascovered by the Notarial Deed No. 57 dated June 17, 2014 ofNila Noordjasmani Soeyasa Besar, S.H., M. Kn., substitute notaryfrom Mochamad Nova Faisal, S.H.,M. Kn., public notary in Jakarta.This amendment has been received and recorded by System Administrative Agency Law by the Ministry of Law and HumanRights of the Republic of Indonesia No. AHU-14573.40.22.2014dated 19, June 2014.

PT Jakarta International Hotels and Development Tbk(selanjutnya disebut JIHD atau Perseroan) bergerak di industriproperti dan perhotelan. Dengan pengalaman lebih dari empatpuluh tahun, JIHD dan entitas anak beroperasi di segmen usahayaitu hotel, real estat dan jasa konstruksi, jasa telekomunikasi,dan manajemen perhotelan.

Sejarah JIHD dimulai pada tahun 1969 di mana Perseroandidirikan dengan nama PT Djakarta International Hotelberdasarkan Akta No. 5 tanggal 7 November 1969, dibuat dihadapan Soetrono Prawiroatmodjo, S.H., notaris di Jakarta, yangtelah mendapatkan Penetapan dari Menteri Kehakiman RepublikIndonesia tertanggal 3 Maret 1970 No. J. A. 5/23/2, serta telahdiumumkan dalam Berita Negara Republik Indonesia No 54tertanggal 7 Juli 1970, Tambahan No 214.

Anggaran Dasar Perseroan mengalami beberapa perubahan,antara lain dengan penyesuaian Anggaran Dasar Perseroanterhadap Undang-Undang Republik Indonesia No. 40 Tahun2007 tentang Perseroan Terbatas yaitu Akta PernyataanKeputusan Rapat Umum Pemegang Saham Luar Biasa PerseroanTerbatas PT Jakarta International Hotels & Development TbkNo. 108 tanggal 27 Juni 2008 dibuat dihadapan Fathiah Helmi,S.H., notaris di Jakarta. Perubahan Anggaran tersebut telahdisahkan oleh Menteri Hukum dan HAM Republik Indonesia No.AHU/94129.AH.01.02 Tahun 2008 tertanggal 9 Desember 2008serta telah diumumkan dalam Berita Negara Republik IndonesiaNo. 65 tertanggal 14 Agustus 2009 Tambahan No. 21703.

Dalam Rapat Umum Pemegang Saham Tahunan yangdiselenggarakan pada tanggal 3 Juni 2014, para pemegangsaham telah menyetujui perubahan anggota Dewan Komisarisdan Direksi. Selanjutnya perubahan ini diaktakan dalam AktaNo. 57 tanggal 17 Juni 2014 yang dibuat di hadapan NilaNoordjasmani Soeyasa Besar, S.H., M. Kn., notaris penggantidari Mochamad Nova Faisal, S.H.,M. Kn., notaris di Jakarta danperubahan tersebut telah diterima dan dicatat di dalam SistemAdministrasi Badan Hukum Kementerian Hukum dan Hak AsasiManusia Republik Indonesia No. AHU-14573.40.22.2014 tanggal19 Juni 2014.

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Throughout its journey, JIHD remain consistent in offeringinnovative products for the hotel and property industries inIndonesia. Started in 1970 by establishing the Hotel Borobudur

Jakarta – a ve star hotel with apartment services along withtropical garden which cover a total area of 23,000 square meterin Jakarta’s strategic location, which famous to become the place to stay for distinguished public gure, local and abroad.Hotel Borobudur Jakarta is also known as one of the best venuethat offers prime quality of Meeting, Incentive, Convention andExhibition (MICE) in Jakarta that hold numerous occasion of bothnational and international events at the hotel.

Along with its success, JIHD expands its business coveragethrough its subsidiaries PT Danayasa Arthatama Tbk (DA) and PTDharma Harapan Raya (DHR). Both of subsidiaries managed tobring the name of JIHD as the forefront in Indonesia’s hotel and property industry.

JIHD remain committed as a company that projected ambitiousexpansion and innovation through its distinguished project portfo lios. Through strong strategic action, top executivemanagement, and professional human resources, JIHD remainthe forefront as prestigious developer in Indonesia.

Selama perjalanannya, JIHD secara konsisten menghadirkanproduk-produk inovatif bagi industri properti dan perhotelanIndonesia. Dimulai pada tahun 1970 dengan pendirian Hotel

Borobudur Jakarta, hotel bintang 5 yang mencakup hunianapartemen seluas 70.000 meter persegi berikut taman tropisseluas 23.000 meter persegi yang terletak di lokasi strategisdi Jakarta dan kerap menjadi pilihan para publik gur duniamaupun dari dalam negeri. Hotel Borobudur Jakarta juga telahmeraih reputasi sebagai salah satu hotel dengan fasilitas venueMeeting, Incentive, Convention and Exhibition (MICE) terbaik diJakarta. Reputasi tersebut dipertegas dengan berbagai eventnasional dan internasional yang diselenggarakan di hotel ini.

Seiring waktu, JIHD tak berhenti melebarkan sayap melaluibeberapa anak Perusahaannya yaitu PT Danayasa Arthatama Tbk(DA) dan PT Dharma Harapan Raya (DHR). Kedua perusahaantersebut membawa nama JIHD menjadi salah satu pemainterdepan di peta persaingan industri properti dan perhotelanIndonesia.

Dari sisi portofolio proyek, JIHD terus menunjukkan komitmensebagai perusahaan yang ekspansif dan inovatif. Melaluistrategi-strategi kuat, manajemen andal dan sumber dayamanusia profesional, JIHD melaju mengukuhkan posisi sebagaipengembang properti prestisius di Indonesia.

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r r i a l v l enor ah n l Rep

Jejak Langkah

Milestones

9

1969Didirikan dengan nama PT Djakarta International HotelEstablished under the name of PT Djakarta InternationalHotel

1974Mulai melakukan kegiatan komersial dengan pembukaanHotel Borobudur Inter-Continental

Started to conduct its commercial business activity throughthe opening of Hotel Borobudur Inter-Continental

1984Melakukan pencatatan saham perdana di Bursa Efek JakartaConducted Initial Public Offering and enlisted its shares in Jakarta Stock Exchange

1986Pembukaan dan peresmian apartemen Garden Wing untukmeningkatkan fasilitas Hotel Borobudur Inter-ContinentalOpening and inauguration of Garden Wing apartment toincrease the facility of Hotel Borobudur Inter-Continental

1988Melakukan pencatatan saham keduaConducted second public offering

1990Mengakusisi PT Danayasa Arthatama Acquired PT Danayasa Arthatama

1991Perseroan berubah nama menjadi PT Jakarta InternationalHotels & Development TbkThe Company changed its name into PT Jakarta InternationalHotels & Development Tbk

1992Peletakan batu pertama untuk pembangunan kawasanSudirman Central Business DistrictCelebrated the laying of the rst stone in starting theconstruction of Sudirman Central Business District

1995Renovasi seluruh bagian Gedung Hotel BorobudurInter-Continental kecuali apartemenRenovated the entire building of Hotel BorobudurInter-Continental except the apartment area

1997Pembukaan kembali Hotel BorobudurInter-Continental setelah melakukan renovasiReopening of Borobudur Inter-Continental Hotelafter the renovation was done

1999Hotel Borobudur Inter-Continental berubah nama menjadi

Hotel Borobudur Jakarta dan dikelola oleh PT DharmaHarapan Raya, entitas anakThe Borobudur Inter-Continental Hotel changed its name intoHotel Borobudur Jakarta and managed by the Company’s subsidiary, PT Dharma Harapan Raya

2011Penambahan Modal Tanpa Hak Memesan Efek TerlebihDahuluConducted the Additional Capital Stock without Pre-emptiveRight

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PT Jakarta International Hotels & Development Tbk

Perhotelan & PariwisataHotel & Tourism

Perdagangan, Pelayanan, dan Investasi

Trade, Services and Investment

Restoran, Hotel, dan PariwisataRestaurant, Hotel and Tourism

7 November 1969November 7, 1969

Akta No. 5 tanggal 7 November 1969 dibuat di hadapanSoetrono Prawiroatmodjo, S.H., Notaris di JakartaDeed No. 5 dated November 7, 1969, made in the presence ofSoetrono Prawiroatmodjo, S.H., notary in Jakarta

JIHD

PT Sirca Datapro Perdana

Gedung Artha Graha Lantai 15 Sudirman Central BusinessDistrictJl. Jend. Sudirman Kav. 52-53 Jakarta 12190 – Indonesia

(+62 21) 515 2555

(+62 21) 515 2526

[email protected]

www.jihd.co.id

Lanny Pujilestari Liga

NamaName

Bidang Usaha UtamaMain Business Line

Sektor

Sector

Sub SektorSub-sector

Tanggal PendirianDate of Establishment Dasar Hukum Pendirian Articles of Association

Kode Pencatatan Saham di BursaCode Listings

Biro Administrasi EfekShares’ Registrar

Kantor Pusat JIHD JIHD Head Of ce

Nomor TeleponPhone Number

Nomor FaksimiliFax Number

Email

SitusWebsite

Sekretaris PerusahaanCorporate Secretary

Informasi Umum Perseroan

General Information of the Company

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Struktur Organisasi

Organization Structure

Dewan Komisaris/ Board of Commissioners

Direksi/ Board of Directors

Komite Audit/ Audit Committee

Sekretaris Perusahaan/ Corporate Secretary

Lanny Pujilestari Liga

Audit Internal/ Internal Audit

Budianto Tirtadjaja

*) Komisaris Independen/ Independent Commissioner **) Direktur Tidak Tera liasi/ Independent Director

: H. Yusuf Indradewa S.H.

: Hartono Tjahjadi Adiwana

: Arpin Wiradisastra Bimmy Indrawan Tjahya Hendi Lukman**

Presiden DirekturPresident DirectorWakil Presiden DirekturVice President Director DirekturDirector

Presiden KomisarisPresident CommmissionerWakil Presiden KomisarisVice President Commmissioner KomisarisCommissioner

: Prof. Dr. J.B. Sumarlin*

: Sugianto Kusuma Tomy Winata

: T. Ashikin Husein*

Witadinata Sumantri* Lau Chun Tuck

KetuaChairmanAnggotaMembers

: Prof. Dr. J.B. Sumarlin*

: Rahmat Adisutikno HalimTatang Sayuti

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PRESIDEN DIREKTURPRESIDENT DIRECTOR

H. Yusuf Indradewa S.H.

WAKIL PRESIDEN DIREKTURVICE PRESIDENT DIRECTOR

Hartono Tjahjadi Adiwana

DIREKTUR SDM & STRATEGI

PENGEMBANGAN BISNISHUMAN RESOURCES & STRATEGICBUSINESS DEVELOPMENT DIRECTOR

Bimmy Indrawan Tjahya

DIREKTUR PENGEMBANGAN BISNISBUSINESS DEVELOPMENT

DIRECTOR

Hendi Lukman**

DIREKTUR KEUANGANFINANCE DIRECTOR

Arpin Wiradisastra

SUPERVISOR SDM & UMUMHUMAN RESOURCES

& GENERAL AFFAIR SUPERVISOR

Nur Hadi Kuncara

SENIOR MANAJER KEUANGAN& AKUNTANSI

SENIOR FINANCE &

ACCOUNTING MANAGERPesta Uli Sitanggang

**) Direktur Tidak Tera liasi/ Independent Director

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Struktur Perseroan

Corporate Structure

PT Jakarta InternationalHotels & Development Tbk

PT First JakartaIndonesia

9,00%

PT DharmaHarapan Raya

60,00%

PT DanayasaArthatama Tbk

82,41%

PT PandunekaSejahtera

99,99%

PT Jakarta InternationalHotel Management

90,00%

Delna GroupHolding Ltd

63,64%

TELEKOMUNIKASI PROPERTY

PT Artha Telekomindo

99,99%

PT Pacic PalaceJakarta Lot 3 & 5

55,00%

PT AdinusaPuripratama Lot 13

99,99%

PT MajumakmurArthasentosa Lot 23A

51,00%

PT NusagrahaAdicitra Lot 14

99,99%

PT PandugrahaSejahtera Lot 16

99,99%

PT Citra WiradayaLot 18

99,99%

PT Panduneka AbadiLot 19

99,99%

PT GrahaputraSentosa Lot 21

99,99%

PT Trinusa Wiragraha

99,29%

PT GrahamasAdisentosa Lot 6

99,99%

PT Artharaya UnggulAbadi Lot 7

99,99%

PT IntigrahaArthayasa Lot 8

99,99%

PT Citra AdisaranaLot 10

99,99%

PT Pusat GrahaMakmur

99,60%

PT GrahaSampoerna Lot 9

99,99%

PT AndanaUtamagraha Lot 23B

51,00%

PT PrimagrahaMajumakmur Lot 20

99,99%

PT EsagrahaPuripratama

99,92%

PT AdimasUtama

99,92%

Ace Equity Ltd

100%

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Sudirman Central Business District (SCBD) Map

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PT DANAYASA ARTHATAMA Tbk (PT DA)

PT DA is established on April 1, 1987 based on the Deed ofEstablishment No. 9 dated April 1, 1987 notarized by MisahardiWilamarta, S.H., in Jakarta. The Deed was approved by theMinistry of Justice of The Republic of Indonesia through DecreeNo. C2-7255.HT.01.01.Th.87 dated November 13, 1987. Theestablishment has been published in the State Gazette of theRepublic of Indonesia No. 27 dated April 3, 1990, Addendum No.1260.

Until 2014, the Articles of Association has been amended several times, the latest by Deed of Meeting of PT Danayasa Arthatama Tbk’s Shareholders Resolution No. 56 dated June17, 2014, notarized by Nila Noorjasmani Soeyasa Besar, S.H.,M.Kn, substitute notary from Mochamad Nova Faisal, S.H.,M.Kn, in Jakarta and the Deed has been approved by Ministryof Justice and Human Rights of Republic Indonesia No. AHU-14555.40.22.2014 dated June 19, 2014. PT Jakarta International

Hotels & Development Tbk owns a total of 82.41% of shareownership in PT DA.

PT DA is engaged in real estate development business and servicesthat comprised of the construction of of ce buildings, shopping,and trade centers along with their supporting facilities; the leaseof of ce buildings and rooms, and shopping complex units alongwith their supporting facilities; the provision of infrastructuresand facilities for integrated commercial centers construction,operation and development; as well as the provision of general services with the exception of legal and nancial services.

PT DA didirikan pada tanggal 1 April 1987 berdasarkan AktaPendirian No. 9 tanggal 1 April 1987 dengan Notaris MisahardiWilamarta, S.H., di Jakarta dan telah mendapatkan pengesahandari Menteri Kehakiman Republik Indonesia melalui KeputusanNo. C2-7255.HT.01.01.Th.87 tanggal 13 November 1987.Pendirian perusahaan juga telah diumumkan dalam BeritaNegara Republik Indonesia No. 27 tanggal 3 April 1990,Tambahan No. 1260.

Hingga 2014, Anggaran Dasar PT DA telah beberapa kali diubah,terakhir melalui Akta Pernyataan Keputusan Rapat PemegangSaham PT Danayasa Arthatama Tbk No. 56 tanggal 17 Juni 2014,dibuat di hadapan notaris Nila Noorjasmani Soeyasa Besar, S.H.,M.Kn, notaris pengganti Mochamad Nova Faisal, S.H., M.Kn,di Jakarta dan mendapatkan persetujuan Menteri Hukum danHak Asasi Manusia Republik Indonesia dengan Surat No. AHU-14555.40.22.2014 tanggal 19 Juni 2014. PT Jakarta International

Hotels & Development Tbk memiliki kepemilikan saham PT DAsebesar 82,41%.

PT DA bergerak di bidang pembangunan dan jasa yangmencakup usaha pembangunan perumahan ( real estate ),perkantoran, pertokoan dan pusat niaga beserta fasilitas-fasilitasnya; penyewaan bangunan-bangunan ruangan-ruangankantor dan ruangan-ruangan pertokoan beserta fasilitas-fasilitasnya; penyediaan sarana dan prasarana pelaksanaanpembangunan, pengusahaan dan pengembangan kawasanniaga terpadu; pemberian jasa pada umumnya kecuali jasadalam bidang hukum dan pajak.

Informasi Entitas Anak

The Company’s Subsidiaries

PT Danayasa Arthatama Tbk

Kantor Pusat/ Head Ofce

Gedung Artha Graha Lantai 12Sudirman Central Business District

Jl. Jend. Sudirman Kav. 52-53Jakarta 12190 – Indonesia

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PT DHARMA HARAPAN RAYA (PT DHR)

PT DHR is established on November 6, 1998 based on Deed No.52 dated November 6, 1998 notarized by Rachmat Santoso, S.H.,in Jakarta which has been approved by the Ministry of Justiceof The Republic of Indonesia through Decree No. C2-28134HT.01.01.Th.98 and has been announced in the State Gazette ofthe Republic of Indonesia No. 55 dated July 9, 1999, AddendumNo. 4138.

The Articles of Association has been amended several times,most recently by Deed of Articles of Association Alteration No.115 dated January 27, 2010 notarized by Sutjipto, S.H., M.Kn.,in Jakarta with respect to the adjustment of the Law of Republicof Indonesia No. 40 Year 2007 of Limited Liability Company. Theamendment has been approved by the Ministry of Justice andHuman Rights of The Republic of Indonesia through Decree No. AHU-AH.01.10-10246 dated Apri l 29, 2010. On September 26,2014, the article 3 of PT DHR’s Articles of Association has beenamended regarding the Objectives and Business Activitieswhich included on General Circular Resolution of ShareholdersMeeting, No. 76 dated September 26, 2014. The amendmenthas been approved by the Ministry of Justice and HumanRights of The Republic of Indonesia through Decree No. AHU-

08766.40.20.2014 dated September 30, 2014.

PT DHR didirikan pada tanggal 6 November 1998 berdasarkanAkta No. 52 tanggal 6 November 1998 dihadapan RachmatSantoso, S.H., notaris di Jakarta, yang telah mendapatkanpengesahan dari Menteri Kehakiman Republik Indonesiatertanggal 16 Desember 1998 No. C2-28134 HT.01.01.Th.98,serta telah diumumkan dalam Berita Negara Republik IndonesiaNo. 55 tanggal 9 Juli 1999, Tambahan No. 4138.

Anggaran Dasar Perusahaan telah beberapa kali diubah, terakhirkali melalui Akta Pernyataan Keputusan Rapat PerubahanAnggaran Dasar PT Dharma Harapan Raya No. 115 tanggal 27Januari 2010 dibuat di hadapan Sutjipto, S.H., M.Kn., notarisdi Jakarta, sehubungan dengan penyesuaian Anggaran DasarPerusahaan terhadap Undang-Undang Republik Indonesia No.40 Tahun 2007 tentang Perseroan Terbatas. Perubahan AnggaranDasar tersebut telah disahkan oleh Menteri Hukum dan HakAsasi Manusia Republik Indonesia dengan Surat KeputusanNo. AHU-AH.01.10-10246 tanggal 29 April 2010. Pada tanggal26 September 2014 Anggaran Dasar Perusahaan mengalamiperubahan pada pasal 3 mengenai Maksud dan Tujuan sertaKegiatan Usaha. Hal tersebut tercantum pada Akta PernyataanKeputusan Pemegang Saham di Luar Rapat, No. 76 tanggal 26

September 2014. Perubahan Anggaran Dasar tersebut telahmendapatkan persetujuan oleh Menteri Hukum dan Hak AsasiManusia Republik Indonesia dengan Surat Keputusan No. AHU-08766.40.20.2014 tanggal 30 September 2014.

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In accordance with the article no. 3 of PT DHR’s Articles of Association, the business scope of the respected company asfollows:• Renting, buying and building along with preparing and

completing the buildings and other facilities;

• Management facility services for apartment, restaurantand tourism object through technical and managementconsultancies, hotel management, consulting managementand licensing;

• Generating highly competent human resources in tourismeld through management training and development.

Currently, PT DHR manages Hotel Borobudur Jakarta (Jakarta),Discovery Kartika Plaza Hotel (Bali), Palace Hotel (Cipanas),Ebony Hotel (Batulicin), Discovery Hotel & Convention Ancol(Jakarta) and Home@36 Condotel (Bali) under Discovery KartikaPlaza Hotel.

PT Jakarta International Hotels & Development Tbk owns 60% ofownerships in PT Dharma Harapan Raya.

Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, lingkupkegiatan PT DHR mencakup:

• Menyewa, menyewakan, membeli, mendirikan,mempersiapkan dan melengkapkan gedung-gedung danfasilitas-fasilitas lainnya;

• Jasa mengelola apartemen, restoran dan objek-objekwisata melalui bantuan teknik dan manajemen, manajemenperhotelan, konsultasi manajemen dan pemberian lisensi;

• Menjalankan usaha pengelolaan, pengerahan, peningkatanketrampilan dan penyaluran sumber daya manusia di bidang

kepariwisataan.

PT DHR adalah pengelola Hotel Borobudur (Jakarta), DiscoveryKartika Plaza Hotel (Bali), Palace Hotel (Cipanas), Ebony Hotel(Batulicin), Discovery Hotel & Convention Ancol (Jakarta) danmelalui Discovery Kartika Plaza Hotel mengelola Home@36Condotel (Bali).

PT Jakarta International Hotels & Development Tbk memiliki60% saham PT Dharma Harapan Raya.

PT Dharma Harapan Raya




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PT JAKARTA INTERNATIONAL HOTELS MANAGEMENT(PT JIHM)

PT JIHM is established dated January 27, 1992 based on DeedNo. 120 notarized by Agus Madjid S.H., in Jakarta which has beenapproved by Ministry of Justice of Republic of Indonesia datedFebruary 23, 1996 No. C2-2394 HT.01.01.Th.’96 and announcedin State Gazette No. 41 dated May 21, 1996, Addendum No. 4644.

The Articles of Association has been amended several times,most recently by Extraordinary General Shareholders MeetingResolution of PT Jakarta International Hotels Management No.45 dated February 10, 2010 notarized by Afryanti Latuconsina,S.H., M.Kn., in Jakarta with respect to the adjustment of Articlesof Association towards the Law of Republic of Indonesia No. 40Year 2007 regarding capital stock decreased and Limited LiabilityCompany. The amendment has been approved by Ministry of Justice and Human Rights of Republic of Indonesia with DecreeNo. AHU-26386.AH.01.02.Year 2010 dated May 24, 2010.

In accordance with the article no. 3 of PT JIHM’s Articles of

Association, the business scope of the activi ties comprises hotelmanagement services.

PT Jakarta International Hotels & Development Tbk owns 90% ofownerships in PT Jakarta International Hotels Management.

PT Jakarta International Hotels Management has been inactive since July 2, 1999 unti l now.

PT JIHM didirikan pada tanggal 27 Januari 1992 berdasarkanAkta No. 120 di hadapan Agus Madjid S.H., notaris di Jakarta,yang telah mendapatkan pengesahan dari Menteri KehakimanRepublik Indonesia tertanggal 23 Februari 1996 No. C2-2394HT.01.01.Th.’96, serta telah diumumkan dalam Berita NegaraRepublik Indonesia No. 41 tanggal 21 Mei 1996, Tambahan No.4644.

Anggaran Dasar Perusahaan telah beberapa kali diubah, terakhirkali melalui Akta Pernyataan Keputusan Rapat Umum PemegangSaham Luar Biasa PT Jakarta International Hotels ManagementNo. 45 tanggal 10 Februari 2010 dibuat di hadapan AfryantiLatuconsina, S.H., M.Kn., notaris di Jakarta, sehubungan denganpenurunan modal dan penyesuaian Anggaran Dasar Perusahaanterhadap Undang-Undang Republik Indonesia No. 40 Tahun2007 tentang Perseroan Terbatas. Perubahan Anggaran Dasartersebut telah disahkan oleh Menteri Hukum dan Hak AsasiManusia Republik Indonesia dengan Surat Keputusan No. AHU-26386.AH.01.02.Tahun 2010 tanggal 24 Mei 2010.

Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, lingkup

kegiatan usaha mencakup jasa manajemen yang berhubungandengan perhotelan.

PT Jakarta International Hotels & Development Tbk memiliki90% saham pada PT Jakarta International Hotels Management.

PT Jakarta International Hotels Management tidak aktif sejaktanggal 2 Juli 1999 sampai sekarang.

PT Jakarta International Hotels Management


Gedung Artha Graha Lantai 15Sudirman Central Business DistrictJl. Jend. Sudirman Kav. 52-53Jakarta 12190 – Indonesia

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PT PANDUNEKA SEJAHTERA (PT PS)

PT PS is established dated October 25, 1995 based on DeedNo. 193 notarized by Soekaimi, S.H., in Jakarta. The Deed hasbeen approved by Ministry of Justice of Republic of Indonesiadated March 4, 1996 No. C2-3599.HT.01.04 TH. 96 and has beenannounced in State Gazette No. 77 dated September 24, 1996, Addendum No. 8206.

The Articles of Association has been amended several times,most recently by Deed No. 6 on November 6, 2008 notarized by Afryanti Latuconsina, S.H. M.Kn., in Jakarta with respect to theadjustment on Articles of Association towards the Law of Republicof Indonesia No. 40 Year 2007 regarding Limited LiabilityCompany. The amendment has been approved by Ministry of Justice and Human Rights of Republic of Indonesia with DecreeNo. AHU-0010716.AH.01.02 year 2009 dated April 2, 2009.

In accordance with the article no. 3 of PT PS Articles of Association,its business scope covering the construction services along with property management. Current ly, there has been no signi cantimprovement on both land and business units owned by PT PS.

PT JIHD has 99,99% controlling interest in PT PS.

PT PS didirikan pada tanggal 25 Oktober 1995 berdasarkan AktaNo. 193 dibuat di hadapan Soekaimi, S.H., notaris di Jakarta,yang telah mendapatkan pengesahan dari Menteri KehakimanRepublik Indonesia tertanggal 4 Maret 1996 No. C2-3599.HT.01.04 TH. 96, serta telah diumumkan dalam Berita NegaraIndonesia No. 77 tanggal 24 September 1996, Tambahan No.8206.

Anggaran Dasar Perusahaan telah beberapa kali diubah, terakhirdengan Akta No. 6 tanggal 6 November 2008 dibuat di hadapanAfryanti Latuconsina, S.H. M.Kn., notaris di Jakarta, sehubungandengan penyesuaian Anggaran Dasar Perusahaan terhadapUndang-Undang Republik Indonesia No. 40 Tahun 2007 tentangPerseroan Terbatas. Perubahan Anggaran Dasar tersebut telahdisetujui oleh Menteri Hukum dan Hak Asasi Manusia RepublikIndonesia dengan Surat Keputusan No. AHU-0010716.AH.01.02Tahun 2009 tanggal 2 April 2009.

Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, lingkupkegiatan Perusahaan mencakup jasa pembangunan dan jasapengelolaan properti. Saat ini belum ada pengembangan yangsigni kan atas usaha maupun lahan yang dimiliki PT PS.

Entitas induk sekaligus pemegang saham mayoritas sebesar99,99% PT PS adalah PT Jakarta International Hotels &Development Tbk.

PT Panduneka Sejahtera




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Penghargaan dan Sertikasi 2014

Awards and Certications 2014

ITTA - Leading Business Hotel 2014ITTA - Leading City Hotel 2014

Global Luxury Green Hotel Award 2014

Now Jakarta BestRestaurant

HAPA General Managerof the Year

ASEAN Tourism Standard2014-2016

HAPA Executive Chefof the Year

HAPA Hotel of the Year HAPA Signature of the Year Investor Awards - BestListed Companies 2014

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Kronologis Pencatatan Saham

Share Chronological Listing

UraianDescription

Penawaran Umum Saham Perdana

Penawaran Umum Saham Kedua

Pencatatan Saham Pendiri

Pencatatan Saham Private Placement

Pencatatan Saham Pendiri

Pencatatan Saham yang Berasal dari Penukaran Waran

Pencatatan Saham Bonus

Penawaran Umum Terbatas I

Pemecahan Nilai Nominal Saham

Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu (PMTHMETD)

Jumlah SahamTotal Shares

TahunYear

1984

1988

1989

1991

1992

1992

1994

1996

2004

2011

Initial Public Offering

Second Public Offering

Listing of Founding Stockholders Shares

Listing of Private Placement of Shares

Listing of Founding Stockholders Shares

Listing of Shares Converted from Warrants

Listing of Bonus Shares

Right Issue I

Stock Split

Additional Capital Without Pre-emptive Right

6.618.600

6.633.700

11.315.700

432.000

56.869.280

46.800.000

257.338.560

579.011.760

965.019.600

399.001.282

2.329.040.482Jumlah/ Total

Throughout 2014, the Company did not perform any Corporate Action that affected the listed shares of the Company in IndonesiaStock Exchange.

Sepanjang tahun 2014, Perseroan tidak melakukan aksiperusahaan yang menyebabkan terjadinya perubahan jumlahsaham yang tercatat di Bursa Efek Indonesia.

Aksi KorporasiCorporate Action

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Share Composition as of December 31, 2014

Tomy Winata

Sugianto Kusuma

Sawyer Limited PT

Wall Street Development Limited

Wall Street Star Enterprises Limited

Wall Street Investment Corporation

PT Adikencana Megatama Nusa

Scale Investment Inc.

Credit Suisse AG Zurich-2026894000

Chancery Property Holding Limited

Lain-lain/Other

Total

13,15 %

8,08 %

3,60 %

3,34 %

3,25 %

3,17 %

3,13 %

3,08 %

2,92 %

2,59 %

53,69 %

100,00%

Persentase KepemilikanOwnership Percentage

NamaName

Komposisi Pemegang Saham

Share Composition

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Struktur Pemegang Saham

Share Ownership Structure

PT Jakarta InternationalHotels & Development Tbk

Tomy Winata13,15%

306.243.700 saham/ shares

2.329.040.482 saham/ shares

Sugianto Kusuma8,08%

188.297.750 saham/ shares

Pemegang saham lain (dibawah 5%), secara kumulatif

sebesar 78,77%Other Shareholders (under

5%), cumulative amounted to78.77%

1.834.499.032 saham/ shares

Pemegang SahamShareholders’

Pemegang Saham LokalLocal Shareholders

Pemegang Saham AsingForeign Shareholders

Jumlah/ Total

JumlahTotal

Jumlah SahamTotal Shares

PersentasePercentage

810

128

938

1.623.519.590

705.520.892

2.329.040.482

69,71

30,29

100,00

Share Holding Report as of December 31, 2014

69,71 %

30,29 %

Pemegang Saham LokalLocal Shareholders

Pemegang Saham AsingForeign Shareholders

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Lembaga dan Profesi Penunjang Pasar Modal

Capital Market Supporting Professions and Institutions

PENCATAT SAHAM/ SHARE LISTINGSBursa Efek Indonesia/ Indonesia Stock ExchangeBuilding Tower IJl. Jend. Sudirman Kav 52-53Jakarta 12190 IndonesiaTel. (+62 21) 5150 515

AKUNTAN PUBLIK TERDAFTAR /REGISTERED PUBLIC ACCOUNTANTSMulyamin Sensi Suryanto & Lianny(an independent member of Moore Stephens International Limited)Intiland Tower 7th FloorJl. Jend. Sudirman Kav. 32Jakarta 10220 IndonesiaTel (+62 21) 570-8111/572-2736Fax (+62 21) 570-8012/572-2737

BIRO ADMINISTRASI EFEK /SHARE REGISTRARPT Sirca Datapro PerdanaJl. Johar No. 18, MentengJakarta 10340 IndonesiaTel. (+62 21) 390 0645, 390 5920Fax. (+62 21) 320 185, 390 0652

NOTARIS /NOTARY M. Nova Faisal, S.H., M.KnCyber 2 Tower, Lantai 22,

Jl. H.R. Rasuna Said Blok X-5 No. 13Jakarta 12950 – IndonesiaT (+62 21) 2902131F (+62 21) [email protected]

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IKHTISAR

KINERJA 2014

2014 PerformanceHighlights

“The Company’s performance still remains positive amid the challengingcondition with a number of signicant events for project development in

the future.”

“Kinerja Perseroan tetap terjaga secara positif di tengah tantanganusaha dengan diiringi oleh sejumlah peristiwa penting dalam rangka

pembangunan proyek yang bernilai di masa yang akan datang.”

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Ikhtisar Kinerja Keuangan

Financial Highlights

Deskripsi (dalam jutaan Rupiah)

Pendapatan Usaha

Laba Kotor

Laba Usaha

Laba Bersih

Laba Bersih yang dapat Diatribusikan kepada:

Pemilik Perusahaan

Kepentingan non-pengendali

Total laba komprehensif

Laba Bersih Komprehensif yang dapatDiatribusikan kepada:

Pemilik Perusahaan

Kepentingan Non-pengendali

Laba Bersih per Saham Dasar (dalam RupiahPenuh)

2014

Revenues

Gross Pro t

Income from Operations

Net Income

Net Income attributable to:

Owners of the Company

Non-controlling Interests

Total Comprehensive Income

Comprehensive Net Incomeattributable to:

Owners of the Company


Basic Earnings per Share (full amount)

1.338.968

912.727

174.634

137.295

37.894

99.401

137.295

37.894

99.401

16,27

2013 2012

3.109.196

2.581.173

1.623.150

1.766.477

1.420.824

345.653

1.766.477

1.420.824

345.653

610,05

1.001.519

692.659

128.401

85.363

33.762

51.601

85.363

33.762

51.601

14,50

Description (in million Rupiah)

Deskripsi (dalam jutaan Rupiah)

Aset Lancar

Aset Tidak Lancar

Jumlah Aset

Jumlah Investasi pada Entitas Lain

Liabilitas Jangka Pendek

Liabilitas Jangka Panjang

Jumlah Liabilitas

Ekuitas yang dapat diatribusikan kepadapemilik perusahaan

Kepentingan Non-pengendali

Modal Kerja Bersih

Jumlah Ekuitas

Total Liabilitas dan Ekuitas

2014

Current Assets

Non-current Assets

Total Assets

Total Investment on Other Entities

Current Liabilities

Noncurrent Liabilities

Total Liabilities

Equity attributable to Owners of theCompany


Net Working Capital

Total Equity

Total Liabilities and Equity

1.270.448

5.214.339

6.484.787

51.488

638.208

1.160.188

1.798.396

3.555.463

1.130.928

632.240

4.686.391

6.484.787

2013 2012

1.873.267

4.589.953

6.463.220

51.488

583.408

851.361

1.434.769

3.523.800

1.504.651

1.289.859

5.028.451

6.463.220

690.427

3.764.108

4.454.535

51.488

419.522

656.358

1.076.060

2.102.975

1.275.499

270.904

3.378.475

4.454.535

Description (in million Rupiah)

Consolidated Statements of Comprehensive Income

Consolidated Statements of Financial Position

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2014

Deskripsi (%)

Laba bersih terhadap pendapatan

Laba bersih terhadap Aset

Laba bersih terhadap Ekuitas

Rasio lancar

Liabilitas terhadap aset

Liabilitas terhadap ekuitas

2014

Income from Operations to Revenue

Return on Investment

Return on Equity

Current Ratio

Liabilities to Assets

Liabilities to Equity

10,3%

2,1%

2,9%

2,0%

27,7%

38,4%

2013 2012

56,8%

27,3%

35,1%

3,2%

22,2%

28,5%

8,5%

1,9%

2,5%

1,6%

24,2%

31,9%

Description (%)

Ikhtisar Kinerja Saham

Share Highlights

Jumlah saham beredar2.329.040.482 lembar saham

per 31 Desember 2014Number of outstanding shares

2,329,040,482 shares as ofDecember 31, 2014

TertinggiTerendah

Penutupan

Volume (jumlahsaham)

Kapitalisasi Pasar(dalam jutaan Rupiah)

Highest (Rp)Lowest (Rp)

Closing (Rp)

Volume (shares)

Market Capitalization(in million Rupiah)

2013

Q1

Jumlah saham beredar2.329.040.482 lembar saham

per 31 Desember 2013Number of outstanding shares

2,329,040,482 shares as ofDecember 31, 2013

Q2 Q3 Q4 Q1 Q2 Q3 Q4

1.7801.250

1.750

8.917.200

11.668.493

1.7501.095

1.145

16.182.900

9.584.002

1.3801.055

1.250

5.217.000

8.931.870

1.395950

1.050

1.202.300

8.070.125

1.450650

1.400

28.239.500

6.847.379

2.7252.200

2.100

55.827.000

16.652.639

2.1751.800

1.720

7.935.000

12.553.528

2.0501.810

1.330

95.556.500

11.645.202

Financial Ratio

Deskripsi Description

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Peristiwa Penting 2014

Signicant Events 2014

To ful ll market demands for meeting rooms, Hotel Borobodur Jakarta opened the new meeting facili ty called “BOROBUDURCONFERENCE CENTRE” at 3A oor. It consists of (12) twelvenew exclusive, modern and luxurious. These meeting room havecapacities ranging from 8 to 40 persons and are provided suchfacilities and amenities as follows:

• Private Lounge and Terrace;• Free Conference equipment (LCD projector, screen, ipchart

or white board);• Free internet connection, writing pad, and stationeries;• Fresh coffee, tea and snacks are available every day;

• Many more.

Pada pertengahan tahun 2014, untuk memenuhi kebutuhanakan ruangan rapat maka Perseroan melalui Hotel BorobudurJakarta membuka fasilitas baru “BOROBUDUR CONFERENCECENTRE” di lantai 3A. Fasilitas tersebut berupa 12 (dua belas)ruangan rapat baru yang eksklusif, mewah dan bergaya moderndalam berbagai ukuran ruangan dengan kapasitas 8 sampai 40orang. Ruang Rapat tersebut juga dilengkapi dengan berbagai

macam fasilitas:• Lounge dan Teras pribadi;• Gratis perlengkapan rapat (LCD proyektor, layar, papan tulis

atau ipchart );• Gratis sambungan internet, pad, dan alat tulis;• Tersedia kopi, teh dan makanan ringan yang segar setiap

harinya;• Dan masih banyak fasilitas lainnya.

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Pada tanggal 12 Februari 2014, Perseroan melalui entitas anak,PT Danayasa Arthatama Tbk telah melakukan pembangunantahap awal Diversion Culvert (saluran pembagi) dekat HotelSultan Jakarta dengan total panjang saluran 684 meter yangditargetkan akan selesai pada tahun 2015.

Kemudian pada Oktober 2014, PT Danayasa Arthatama memulai

pembangunan gedung 6 (enam) lantai di Lot 4. Rencananyagedung tersebut akan digunakan sebagai perkantoran danfasilitas pelayanan kesehatan berupa klinik. Pembangunan inidiprediksi akan selesai pada tahun 2015.

Pada tanggal 16 Desember 2014, PT Adinusa Puripratama(AP), entitas anak PT Danayasa Arthatama, dan PT SumberciptaGriyautama (SCGU), pihak ketiga, telah menandatangani NotaKesepahaman (MoU) sehubungan dengan rencana kerja samapembangunan gedung. PT Adinusa Puripratama (AP) sebagaipemilik tanah seluas 11.572 m2 yang terletak di Lot 13 KNTSakan menyerahkan tanah tersebut kepada PT SumberciptaGriyautama (SCGU) untuk digabungkan dengan tanah milikSCGU, dan selanjutnya SCGU akan membangun 2 (dua) unitgedung di atas tanah gabungan tersebut yang berlokasi di Lot 8.

Pada tanggal 17 Desember 2014, AP, entitas anak mengadakanPerjanjian Kerja Sama Usaha Patungan dengan SCGUsehubungan dengan rencana pembentukan perusahaan venturabersama dalam rangka pembangunan hotel.

On February 12, 2014, through subsidiary, PT Danayasa Arthatama Tbk, the Company has completed the rst phase ofDiversion Culvert that will link to Hotel Sultan Jakarta with totallength of 684 meter which is targeted to be nished in 2015.

In October 2014, PT Danayasa Arthatama Tbk, also started the

construction of 6 (six) oor building in Lot 4. When completed,this building will be used as of ce spaces for lease and will alsohouse health service facilities like clinic. The construction isestimated to be nished in 2015.

On December 16, 2014, PT Danayasa Arthatama’s subsidiary,PT Adinusa Puripratama (AP) and PT Sumbercipta Griyautama(SCGU), a third party, have entered into a Memorandum ofUnderstanding (MoU) to jointly develop buildings wherein AP asthe owner of land with area of 11,572 sqm and located at Lot 13SCBD will transfer such land to SCGU to be combined with landowned by SCGU. Further SCGU will develop 2 (two) units on thecombined land which located at District 8.

On December 17, 2014, AP, a subsidiary, entered into aCooperation Agreement on Joint Venture with SCGU in relationto form a joint venture company to build a hotel.

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LAPORAN

MANAJEMEN

ManagementReports

“The development of business performance in hotel along with costefciency in each business line have made the Company able to record

net income of Rp137 billion.”

“Peningkatan kinerja di bidang perhotelan serta pengendalian biaya dimasing-masing lini usaha mampu membuat Perseroan membukukan

laba bersih konsolidasian sebesar Rp137 miliar.”

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Laporan Dewan Komisaris

Board of Commissioners’ Report

Dear Shareholders and Stakeholders,

By the grace of God and His guidance, PT Jakarta InternationalHotels & Development, Tbk has maintained continous business stabil ity and performed well in 2014.

Economic Review 2014The growth of Gross Domestic Product in 2014 has reachedaround 5% in the unfavourable global economic condition. Inaddition, throughout 2014, Indonesia experienced the exhibitionof both Legislative and Presidential Election. The newly electedIndonesian Government commenced its tenure on November2014. In respect with the uctuation of foreign currency alongwith the appreciation of United States Dollar since mid-2013which add for more subsidize on fuel price along with thediversion of fuel subsidize to education and health sector alongwith infrastructure development. In addition, the new governmenthas also stipulated that state departments are prohibited fromconducting meeting in hotels. In order to maintain in ation rateand foreign exchange, the interest rate has also risen. Thoseeconomic conditions are unfavorable for the development ofhotels and real estate industry in 2014.

Assessment of Board of Directors’ PerformanceThe Company managed to reach 96% of their consolidated

revenues’ target in 2014. Despite the absence of any signi cant sales in Real Estate or property sector along with unfavorableeconomic and political condition for real estate and hotelbusiness, the Company has managed to record net incomeafter provision for tax income due to the increased in business performance of hotel sector followed by cost ef ciency in eachbusiness line.

Performance of Committee under Board of CommissionersThe Commissioners appreciated Audit Committee’s performancein evaluating and supporting the implementation of GoodCorporate Governance. The evaluation has been effectivelyconducted every 3 (three) months. The Audit Committee also

Para Pemegang Saham dan Pemangku Kepentingan yangTerhormat,Pada kesempatan ini, marilah kita bersama-sama memanjatkanpuji dan syukur kepada Tuhan Yang Maha Esa atas penyertaan-Nya di sepanjang tahun 2014 sehingga PT Jakarta InternationalHotels & Development, Tbk dapat terus mempertahankanstabilitas usaha dengan kinerja yang baik menuju keberlanjutan.

Tinjauan Ekonomi 2014Pertumbuhan Produk Domestik Bruto pada tahun 2014 mencapaisekitar 5% di tengah masih berlangsungnya ketidakpastianpertumbuhan ekonomi global. Di samping itu selama tahun2014, Indonesia menyelenggarakan Pemilihan Umum WakilRakyat di DPR dan MPR dan Pemilihan Umum Presiden.Pemerintahan Indonesia yang baru terpilih dimulai pada bulanNovember 2014. Sehubungan dengan ber uktuasinya kurs matauang asing dan kenaikan nilai tukar Dolar Amerika Serikat sejakpertengahan tahun 2013 yang menyebabkan penambahansubsidi bahan bakar di dalam negeri dan kebijakan pemerintahuntuk mengalihkan subsidi bahan bakar ke sektor pendidikan,kesehatan dan pembangunan infrastruktur. Pemerintahan yangbaru juga memutuskan untuk tidak menggunakan fasilitashotel untuk pertemuan-pertemuan yang diselenggarakan olehdepartemen-departemen. Selain itu, untuk menahan laju in asidan nilai tukar mata uang asing, maka suku bunga meningkat.Situasi selama tahun 2014 jelas tidak menguntungkan bagisektor perhotelan dan real estat.

Penilaian Kinerja DireksiPerseroan mencapai 96% target pendapatan usaha

konsolidasian untuk tahun 2014. Meskipun pada tahun 2014tidak terdapat penjualan yang signi kan dari lin i usaha real estatatau properti dan situasi politik dan ekonomi pada tahun 2014tidak menguntungkan untuk industri real estat dan perhotelan,Perseroan masih membukukan laba bersih konsolidasian setelahdikurangi taksiran pajak penghasilan karena peningkatan hasilusaha di bidang perhotelan dan pengendalian biaya di masing-masing lini usaha.

Kinerja Komite di Bawah Dewan KomisarisDewan Komisaris mengapresiasi atas upaya Komite Audit dalammengevaluasi dan mendukung penerapan Tata Kelola Perseroan.Komite Audit melakukan evaluasi secara rutin 3 (tiga) bulansekali dan dilakukan secara efektif. Komite Audit menjalankan

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supervised the operational business activi ties through provisionof signi cant contribution for the Commissioners. The AuditCommittee conducted internal meeting with Internal Audit toassure that the internal control function has been properly,consistently and continuously implemented. Every year, the Audit Committee also discussed all matters in regards withthe Company’s consolidated nancial statement with external

auditor.

Assessment of Implementation of Corporate GovernanceThe implementation of good corporate governance whichcontinuously improving has its own signi cant role for theCompany and its subsidiary. In addition, the implementation alsoincreased the stakeholders and shareholders’ trusts. The Board ofCommissioners, together with Board of Directors has constantlyoversight and increase the implementation of Good CorporateGovernance practices to comply with the corporate plan and prevail ing regulations. The Board of Commissioners appreciatedthe consistent implementation of corporate governancethroughout 2014 along with the commitment of managementand employees to continously implement the good corporate governance.

Overview on Business Prospect and TargetIn refer to the political and economic condition in 2014, whichamong others contain government’s limitation on spendingin the hotel, interest rate and uctuation of foreign exchangemay still be affecting the business result in 2015. However, theCompany will change all challenges and turn it into opportunitiesto achieve business growth. Therefore, we really appreciated the

Directors’ decision to set 10% increase on Company’s revenues in2015, the plan on improving Hotel Borobudur Jakarta’s facilitiesin form of helipad as well as tness and spa; the improvement ofhealth facility within Sudirman Central Business District (SCBD)and expansion outside the SCBD.

Appreciat ionWe extend our sincere appreciation to all our shareholders,customers, suppliers, business partners, and stakeholders fortheir unending support and trust.

tugas pengawasan terhadap kegiatan bisnis dan operasionaldan memberikan kontribusi signi kan kepada Dewan Komisaris.Tugas Komite Audit melakukan pertemuan dengan audit internaluntuk memastikan pengendalian intern diterapkan secaramemadai, konsisten dan berkelangsungan. Komite Audit jugamelakukan pertemuan dengan eksternal audit setiap tahunnyauntuk mengetahui hal-hal yang menjadi perhatiannya dalam

laporan keuangan konsolidasian Perseroan.

Penilaian atas Penerapan Tata Kelola PerusahaanPenerapan tata kelola yang konsisten dan meningkat secaraberkelanjutan di Perseroan dan entitas anak memiliki perananpenting dalam operasional. Hal ini juga dapat meningkatkankepercayaan pemegang saham dan pemangku kepentingan.Dewan komisaris bersama-sama dengan Direksi mengawasidan meningkatkan praktik praktik Tata Kelola yang baik untukmemenuhi rencana Perseroan dan peraturan yang berlaku.Dewan Komisaris memberikan apresiasi atas penerapan tatakelola perusahaan selama tahun 2014 dan komitmen darimanajemen dan karyawan untuk menerapkannya secaraberkelanjutan.

Pandangan atas Prospek dan Target UsahaMelihat kondisi ekonomi dan politik tahun 2014, adanyapembatasan yang ditetapkan oleh pemerintah untukmengurangi belanja di bisnis hotel, tingkat suku bunga dan

uktuasi nilai tukar mata uang asing yang mungkin akanberkelanjutan dan mempengaruhi hasil usaha pada tahun 2015.Namun Perseroan berusaha untuk mengubah semua tantangan

menjadi kesempatan agar dapat mewujudkan pertumbuhan ditahun 2015. Oleh karena itu kami mengapresiasi Direksi atastarget pertumbuhan pendapatan sebesar 10% pada tahun2015, rencana peningkatan fasilitas Hotel Borobudur Jakartaantara lain berupa helipad dan fasilitas klub kebugaran dan spa,peningkatan fasilitas kesehatan dalam Kawasan serta rencanapengembangan di luar Kawasan Niaga Terpadu Sudirman.

ApresiasiKami mengucapkan terima kasih kepada pemegang saham,pelanggan, pemasok, karyawan serta pemangku kepentinganlainnya atas dukungan dan kepercayaan yang berkelanjutankepada Perseroan.

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We would also like to appreciate the Board of Directors, the wholemanagement team and all our employees for all the great workthat has been shown during 2014 in maintaining the Company’sbusiness stability.

Dewan Komisaris memberikan apresiasi atas kepemimpinanDireksi, seluruh tim manajemen dan karyawan selama tahun2014 dalam mempertahankan stabilitas operasi Perseroan.

Prof. Dr. J. B. Sumarlin

Presiden KomisarisPresident Commissioner

Atas nama Dewan Komisaris,On behalf of Board of Commissioner,

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Signature Tower







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Prof. Dr. J. B. Sumarlin

Prol Dewan Komisaris

Board of Commissioners’ Prole

Indonesian citizen. Born in Blitar, 1932. He has been serving asthe Company’s President Commissioner since 2009.

He achieved his Bachelor degree in Economics from the Universityif Indonesia in 1956. Then in 1960, he completed his Masterdegree from University of California, Berkeley, US. In 1968, heobtained his Doctoral degree from University of Pittsburg, US.

He also served as Professor of Economics at the University ofIndonesia since 1981. Prior to his current position as Company’sPresident Commissioner, he has served several important positionsin government such as Member of the National Consultative Assembly (MPR) (1972–1997), Minister of Administrative Reform/ Vice Chairman of National Development Planning (BAPPENAS)(1973–1983), Minister/Chairman of BAPPENAS (1983–1988),Minister of Finance (1988–1993), and Chairman of Supreme Audit Board (BPK) Republic Indonesia (1993–1998).

Warga Negara Indonesia. Lahir di Blitar tahun 1932. Menjabatsebagai Presiden Komisaris Perseroan sejak 2009.

Beliau meraih gelar Sarjana Ekonomi dari Universitas Indonesiatahun 1956 dan kemudian meraih gelar Master dari UniversitasCalifornia, Berkeley, AS pada tahun 1960. Pada tahun 1968,Beliau meraih gelar Doktor dari Universitas Pittsburg, AS.

Beliau merupakan Guru Besar Fakultas Ekonomi UniversitasIndonesia sejak tahun 1981. Sebelum menjabat sebagaiPresiden Komisaris Perseroan, Beliau telah menempati beberapaposisi penting sebagai anggota MPR RI (1972-1997), MenteriPenertiban Aparatur Negara merangkap Wakil Ketua BAPPENAS(1973-1983), Menteri/Ketua BAPPENAS (1983-1988), MenteriKeuangan (1988-1993) dan Ketua Badan Pemeriksa Keuangan(BPK) RI (1993-1998).

Sugianto Kusuma Tomy Winata

Indonesian citizen. Born in Palembang, 1951. He has been servingas the Company’s Vice President Commissioner since 2009.

Prior to his current position as Company’s Vice PresidentCommissioner, he has served several important positions

such as Vice President Commissioner of PT Bank Artha GrahaInternasional Tbk, President Commissioner of PT First JakartaInternational, PT Paci c Place Jakarta and PT Graha Sampoerna.

Warga Negara Indonesia. Lahir di Palembang tahun 1951.Menjabat sebagai Wakil Presiden Komisaris Perseroan sejaktahun 2009.

Sebelum menjabat sebagai Wakil Presiden Komisaris Perseroan,Beliau telah menempati beberapa posisi penting sebagai

Wakil Komisaris Utama PT Bank Artha Graha Internasional Tbk,Presiden Komisaris PT First Jakarta International, PT Paci c PlaceJakarta dan PT Graha Sampoerna.

Prof. Dr. J. B. SumarlinPresiden Komisaris/ President Commissioner Komisaris Independen /Independent Commissioner

Sugianto KusumaWakil Presiden Komisaris/ Vice President Commissioner

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Drs. Teuku Ashikin Husein Witadinata Sumantri Lau Chun Tuck

Indonesian citizen. Born in Jakarta in 1958. He has been servingas the Company’s Vice President Commissioner since 2007.

Prior to his current position as Company’s Vice PresidentCommissioner, he has served several important positions such as Vice President Commissioner of PT Bank Artha GrahaInternasional Tbk, President Director of PT Kharisma Arya Paksi,and PT Buanagraha Arthaprima.

Warga Negara Indonesia. Lahir di Jakarta tahun 1958. Menjabatsebagai Wakil Presiden Komisaris Perseroan sejak tahun 2007.

Sebelum menjabat sebagai Wakil Presiden Komisaris Perseroan,Beliau telah menempati beberapa posisi penting sebagaiWakil Komisaris Utama PT Bank Artha Graha Internasional, Tbk,Presiden Direktur PT Kharisma Arya Paksi dan PT BuanagrahaArthaprima.

Tomy WinataWakil Presiden Komisaris/ Vice President Commissioner

Indonesian citizen. Born in Aceh, 1951. He has been serving asthe Company’s Independent Commissioner since 2012. Prior to his current position as Company’s IndependentCommissioner, he has served several important positionsin government such as Sarajevo IPTF Regional CommanderUNMIBH/UN (1997-1998), Head of Sub-Directorate of Crimeand Violence & Vice Control of Investigation Command of theIndonesian National Police (1998-1999), Vice Head of RegionalPolice of NAD in 2000, Security Director of Intelligence andSecurity Board of the Indonesian National Police (2001-2003),Head of Regional Police of South East Sulawesi (2003-2005),Vice Head of Intelligence and Security Board of the IndonesianNational Police from (2005-2006), Governor of Police Academyfrom (2006-2008), and Head of Regional Police of Bali from

(2008-2009).

Warga Negara Indonesia. Lahir di Aceh tahun 1951. Menjabatsebagai Komisaris Independen Perseroan sejak tahun 2012.

Sebelum menjabat sebagai Komisaris Independen Perseroan,Beliau telah menempati beberapa posisi penting sebagaiSarajevo IPTF Regional Commander UNMIBH/UN (1997-1998),Kasubdit Jatan-Ras & Vice Control KOSERSE Polri (1998-1999), Wakapolda NAD pada tahun 2000, Direktur KeamananBaintelkam Polri (2001-2003), Kapolda Sultra (2003-2005), WakaBaintelkam Polri (2005-2006), Gubernur AKPOL (2006-2008),dan Kapolda Bali (2008-2009).

Drs. Teuku Ashikin HuseinKomisaris Independen/ Independent Commissioner

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Indonesian citizen. Born in Jakarta, 1947. He has been serving asthe Company’s Independent Commissioner since 2013.

He achieved his Bachelor degree in Accounting from theUniversity of Indonesia, Economic Faculty and also listed asRegistered Accountant in Indonesia. In 1996, he graduated from Amsterdam Institute of Finance in Netherland.

His professional experience in banking industry has provided himthe chance to work in several banks, both local and international.He has also served in nancial sector for various industry sectors in retail, manufacturing, plantat ion, holding, and many

others. Prior to his current position as Company’s IndependentCommissioner, he has served several important positions suchas Head of Internal Audit Working Uni t of PT Bank Artha Graha in1999 and continued in PT Bank Artha Graha Internasional, Tbk. In June 2009, he served as Compliance Director of PT Bank ArthaGraha Internasional, Tbk.

Warga Negara Indonesia. Lahir di Jakarta tahun 1947. Menjabatsebagai Komisaris Independen Perseroan sejak tahun 2013.

Beliau mendapatkan gelar Sarjana dari Universitas Indonesia,Fakultas Ekonomi jurusan Akuntansi dan terdaftar sebagaiAkuntan Negara Register. Pada tahun 1996, Beliau menyelesaikanstudi dari Amsterdam Institute of Finance di Belanda.

Beliau memiliki pengalaman luas di bidang perbankan, baikbank lokal maupun asing serta di bidang nansial pada berbagaisektor usaha seperti retail, manufacturing , perkebunan, holding ,dan lainnya. Sebelum menjabat sebagai Komisaris Independen

Perseroan, Beliau telah menempati beberapa posisi pentingsebagai Kepala Satuan Kerja Audit Intern (SKAI) PT Bank ArthaGraha pada tahun 1999 dan berlanjut pada PT Bank ArthaGraha Internasional, Tbk. Pada bulan Juni 2009, Beliau menjabatsebagai Direktur Kepatuhan PT Bank Artha Graha Internasional,Tbk.

Witadinata SumantriKomisaris Independen/ Independent Commissioner

Malaysian citizen. Born in Selangor, 1965. He has been serving

as the Company’s Commissioner since 2014.

He achieved his Bachelor degree in Economics from Universityof Kent, England. Prior to his current position as Company’sVice President Commissioner, he has served several important posit ions such as Treasury Consultant of PT Bank Artha GrahaInternasional Tbk (2013-2014), Project Manager and ExecutiveDirector Rabobank International (2010-2013), and Senior VicePresident, Head of Investment Banking KBC Bank N.V. (2004-2010).

Warga Negara Malaysia. Lahir di Selangor tahun 1965. Menjabat

sebagai Komisaris Perseroan sejak tahun 2014.

Beliau adalah Lulusan Sarjana Ekonomi dari Universitas Kent,Inggris. Sebelum menjabat sebagai Komisaris Perseroan, Beliautelah menempati beberapa posisi penting sebagai TreasuryConsultant dari PT Bank Artha Graha Internasional Tbk (2013-2014), Project Manager dan Executive Director RabobankInternational (2010-2013), dan Senior Vice President, Head ofInvestment Banking KBC Bank N.V. (2004-2010).

Lau Chun TuckKomisaris/ Commissioner

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Bursa Efek Indonesia







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Dear Shareholders and Stakeholders,

By the grace of God Almighty and His guidance, PT JakartaInternational Hotels & Development Tbk has managed to performwell in 2014.

On behalf of the Board of Directors, allow us to present theCompany’s performance throughout year 2014.

Year 2014 is year for political party which was performedthe legislative and presidential elections and affected to the government decision or policy in 2014. These condition and global economic crisis have not been recovered, affectedIndonesian economic growth which recorded at 5% which waslower than the previous economic growth. On the other hand, thein ation rate rose by 8.4% which was higher than previous year.The Indonesian Rupiah has also weaken.

The Company’s business activities cover hotels, real estate,telecommunication and hotel management. Con dent performances on several sectors have been showed throughout2014. It can be seen from the increase revenues arose formthe following business units: hotels, telecommunication andhotel management which increased by 5.2%, 12.2% and 2.8%,respectively compared with last year. However, the revenues fromreal estate went down in 2014 due to there was no any signi cant sales as occurred in 2013.

Overall, the Company recorded Rp1.33 trillion in revenuescompared to previous year which recorded at Rp3.1 trillionwhich occurred due to sales of land at Lot 10. Considering thetargeted consolidated revenues in 2014 which supposed to beRp1.38 trillion, the achievement of Rp1.33 trillion means that theCompany managed to reach 96% of its initial target. In 2014, thenet income is recorded at Rp137.29 billion, while in 2013, thenet income is recorded at Rp1.77 trillion due to sales of land atLot 10.

Para Pemegang Saham dan Pemangku Kepentingan yangTerhormat,Puji syukur kita panjatkan kepada Tuhan Yang Maha Esa atasrahmat dan karunia-Nya yang diberikan sehingga PT JakartaInternational Hotels & Development Tbk dapat melalui tahun2014 dengan baik.

Atas nama Direksi, perkenankanlah kami untuk menyampaikankinerja Perseroan untuk tahun 2014.

Tahun 2014 merupakan tahun pesta politik di manadiselenggarakan pemilihan anggota legislatif dan presiden.Oleh karenanya mempengaruhi kebijakan pemerintah di tahun2014. Kondisi ini dan belum pulihnya krisis ekonomi globalmempengaruhi laju pertumbuhan ekonomi Indonesia. Hal initerlihat dari pertumbuhan ekonomi sebesar 5%, lebih rendahdari pertumbuhan ekonomi tahun sebelumnya. Namun di sisilain, tingkat in asi meningkat menjadi 8,4% , lebih tinggi daritahun sebelumnya dan nilai tukar Rupiah juga mengalamipelemahan.

Kegiatan usaha Perseroan meliputi hotel, real estat, jasatelekomunikasi dan jasa manajemen perhotelan. Perseroanmenunjukkan kinerja yang cukup baik di tahun 2014 ini untukbeberapa bidang usaha. Hal ini tercermin dari pendapatanusaha dari bisnis perhotelan yang meningkat sebesar 5,2%; jasa telekomunikasi meningkat sebesar 12,2% dan jasamanajemen perhotelan meningkat sebesar 2,8% dibandingtahun sebelumnya, namun dari bisnis real estat, pendapatanusaha tahun 2014 turun karena tidak adanya penjualan real estat

yang signi kan seperti pada tahun 2013.

Secara keseluruhan, Perseroan membukukan pendapatanusaha tahun 2014 sebesar Rp1,33 triliun, sementara padatahun 2013, dengan adanya penjualan tanah Lot 10, jumlahpendapatan usaha konsolidasian sebesar Rp3,1 triliun. Daritarget pendapatan usaha tahun 2014 sebesar Rp1,38 triliun,maka realisasi pendapatan sebesar Rp1,33 triliun merupakanpencapaian 96% dari target pendapatan tahunan. Perseroanmencatatkan laba bersih tahun 2014 sebesar Rp137,29 miliar,sementara tahun 2013 dengan adanya penjualan tanah Lot 10,laba bersih sebesar Rp1,77 triliun.

Laporan Direksi

Board of Directors’ Report

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As of 2014, the Company’s total asset is stood at Rp6.48 trill ionwhich increasing compared to previous year at Rp6.46 trillion.Total liabilities and equities at the end of 2014 were recordedat Rp1.8 trillion and Rp4.69 trillion, respectively while at theend of 2013 were recorded at Rp1.43 trillion and Rp5 trillion,respectively.

One signi cant issue for hotel industry in 2014 is concerningthe regulation stipulated by the new government that prohibitsany government of cials to conduct meeting in hotel. This newregulation impact the Company’s performance in 2014 .

Business Prospect 2015The newly elected government is expected to have strongcommitment for rapid economic growth, and thus achieving thetarget that has been set by the government. The Company willbe continuing its positive performance. The expansion outsideSudirman Central Business District (SCBD) which started in 2014will also be continued. For 2015, the Company has set that thetotal consolidated revenues is targeted to increase by 10%compared to 2014.

Corporate Social ResponsibilityThe Company and its subsidiaries are really concern with thecommunities’ life surrounding its operational activities. Inaddition, great concern is also showed towards the naturaldisaster victim. Therefore, throughout 2014, the Company hasmade donation for natural disaster victims, selling the low price

basic needs, distribution of rice for underpr ivileged communitiesalong with blood donation and educational assistance. Theincreasing of business performance must also be followed with generous social activit ies as part of the Company’s responsibilityto take an active role in developing the nation.

Implementation of Good Corporate Governance As a public company, the Company has realized the importanceof good corporate governance for business sustainabilityin the future. The management believes that the consistentimplementation of good corporate governance will bring positiveimpact on business achievement and increase Company’scredibility.

Pada akhir tahun 2014, jumlah aset Perseroan tercatat sebesarRp6,48 triliun, meningkat dibanding saldo tahun sebelumnyasebesar Rp6,46 triliun. Jumlah liabilitas dan jumlah ekuitaspada akhir tahun 2014 masing masing sebesar Rp1,8 triliun danRp4,69 triliun, sementara pada akhir tahun 2013 sebesarRp1,43triliun dan Rp5 tri liun.

Kendala yang dihadapi Perseroan dalam tahun 2014 adalahadanya kebijakan dari pemerintahan baru yang cukupmemberatkan industri perhotelan berupa larangan pejabatpemerintahan mengadakan kegiatan rapat di hotel. Kebijakanini cukup mempengaruhi kinerja Perseroan di tahun 2014.

Prospek Usaha 2015Pemerintahan yang baru terpilih ini diharapkan memilikikomitmen terhadap pertumbuhan ekonomi, sehingga targetpertumbuhan yang telah ditetapkan pemerintah dapat tercapai.Perseroan akan tetap melanjutkan kinerja yang telah berjalandengan baik selama ini. Selain itu Perseroan akan melanjutkanpengembangan bisnis di luar wilayah Kawasan Niaga TerpaduSudirman (KNTS) yang telah dimulai sejak tahun 2014. Untuktahun 2015, Perseroan menetapkan target pendapatan usahakonsolidasian meningkat sekitar 10% dibanding tahun 2014.

Tanggung Jawab SosialSebagai bagian dari kepedulian Perseroan dan entitas anakterhadap keadaan sosial masyarakat sekitar unit usaha Perseroandan entitas anak dan tanggung jawab sosial terhadap sesamawarga negara yang mengalami bencana alam maka Perseroanselama tahun 2014 telah melakukan beberapa kegiatan antara

lain bantuan kepada korban bencana alam, penjualan sembakomurah, pembagian beras untuk rakyat tidak mampu, donor darahdan pendidikan. Seiring dengan peningkatan usaha, Perseroanmerasa penting untuk memperhatikan kegiatan tanggung jawabsosial sebagai bagian dari keikutsertaan secara aktif dalammembangun bangsa.

Penetapan Tata Kelola Perusahaan yang BaikSebagai perusahaan publik, Perseroan menyadari pentingnyatata kelola perusahaan yang baik demi keberlangsungan usahadi masa mendatang. Manajemen percaya bahwa penerapan tatakelola perusahaan yang baik secara konsisten dapat memberikandampak positif pada pencapaian hasil usaha dan peningkatankredibilitas Perseroan.

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Finally, the Board of Directors would like to express its sincerest gratitude along with its highest appreciation for the Board ofCommissioners for all the recommendations. We would also like toappreciate the support, trust and cooperation given by shareholdersand other stakeholder throughout this time. The Board would also liketo thank all employees for showing their dedication and devotion intheir respected duties and responsibilities in order for the Company toachieve sustainable growth.

Akhir kata, Direksi mengucapkan terima kasih dan apresiasiyang tinggi kepada Dewan Komisaris atas segala arahanyang diberikan kepada Direksi. Penghargaan yang sama jugadisampaikan kepada para pemegang saham dan pemangkukepentingan lainnya atas dukungan, kepercayaan, dan kerjasama yang telah terjalin. Direksi juga menyampaikan terima kasihdan penghargaan kepada seluruh karyawan yang telah berkaryadengan penuh dedikasi dan kecintaan dalam melaksanakantugas dan tanggung jawab masing-masing serta mendukungupaya untuk dapat mencapai pertumbuhan yang berkelanjutan.

H. Yusuf Indradewa S.H. Presiden DirekturPresident Director

Atas nama Direksi,On behalf of Board of Director

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PT Jakarta International Hotels &a

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