Growth Acceleration With Strenght Synergy Business

158 Pages·2017·7.33 MB·English

Growth Acceleration
With Strenght
Synergy Business
Laporan Tahunan 2017
Annual Report 2017
Daftar Isi
Table Of Contents
01 KILAS KINERJA 34 ANALISIS DAN PEMBAHASAN MANAJEMEN
Flashback Performance Management Discussion and Analysis
07 LAPORAN MANAJEMEN 54 TATA KELOLA PERUSAHAAN
Management Report Corporate Governance
15 PROFIL PERUSAHAAN 85 LAPORAN KEUANGAN
Company Profile Financial Statements
SANGGAHAN DAN BATASAN TANGGUNG JAWAB
Laporan tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, proyeksi,
rencana, strategi, kebijakan, serta tujuan Perseroan, yang digolongkan sebagai
pernyataan ke depan dalam pelaksanaan perundang-undangan yang berlaku,
kecuali hal-hal yang bersifat historis. Pernyataan-pernyataan tersebut memiliki
prospek risiko, ketidakpastian, serta dapat mengakibatkan perkembangan aktual
secara material berbeda dari yang dilaporkan. Pernyataan-pernyataan prospektif
dalam laporan tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi
terkini dan kondisi mendatang Perseroan serta lingkungan bisnis di mana Perseroan
menjalankan kegiatan usaha. Perseroan tidak menjamin bahwa dokumen-dokumen
yang telah dipastikan keabsahannya akan membawa hasil-hasil tertentu sesuai
harapan. Laporan tahunan ini memuat kata “Perseroan” yang didefinisikan sebagai
PT Mahaka Radio Integra Tbk yang menjalankan bisnis dalam bidang investasi, jasa
konsultasi, dan digital media dengan Entitas Anak di bidang radio. Adakalanya kata
“MARI” dan “kami” juga digunakan atas dasar kemudahan untuk menyebut PT Mahaka
Radio Integra Tbk secara umum.
DISCLAIMER
This annual report contains financial condition, operation results, projections,
lans, strategies, policy, as well as the Company’s objectives, which is classified
as forward-looking statements in the implementation of the applicable laws,
excluding historical matters. Such forward-looking statements are subject
to known and unknown risks (prospective), uncertainties, and other factors
that could cause actual results to differ materially from expected results.
Prospective statements in this annual report are prepared based on numerous
assumptions concerning current conditions and future events of the Company
and the business environment where the Company conducts business. The
Company shall have no obligation to guarantee that all the valid document
presented will bring specific results as expected. This annual report contains
the word “Company” hereinafter referred to PT Mahaka Radio Integra Tbk, as
the company that runs business in investment, consulting service and digital
media, with Subsidiaries in radio industry. At times, the words “MARI” and
“us/our” are used to simply refer to PT Mahaka Radio Integra Tbk in general.
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ANALISIS DAN PEMBAHASAN MANAJEMEN 17
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PERFORMANCE FLASHBACK Stat
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JEJAK LANGKAH IKHTISAR KEUANGAN an
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Milestones Financial Highlights n K
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PT Mahaka Radio Integra Tbk | Laporan Tahunan 2017 1
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Ki • GEN 103.1 fm Surabaya mulai
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GEN 98.7 fm Jakarta menerima
ort penghargaan sebagai Pelopor
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m GEN 98.7 fm meraih penghargaan oleh Indonesia Radio Award
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na sebagai Phenomenal Radio
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n | Station dari Majalah The Rolling • Gen 103.1 fm Surabaya start
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an GEN 98.7 fm Jakarta received
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an GEN 98.7 fm was awarded as the award as the Pioneer of
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ap Phenomenal Radio Station from Unique and Phenomenal
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The Rolling Stone Magazine Program by Indonesia Radio
file Indonesia Award
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2007 2009 2011
anajemen d Analysis
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dan Pembahasan ment Discussion a G10E1N f m98 m.7u flmai b Jearkoapretraa dsian JAK MiMne aEnrxkeepriteminraige p nAetwniagalhr Mdaragrakaent Tinhge Bdeasrti GraEdNio 9n8o.m7 ofrm 1 Jdai kJaarktaar tmaenjadi
Analisis Manage G10E1N f m98 s.7ta frmt o pJearkaatritoan dan JAK AMwarakredteindg T fhreo mBe Msta irnk Eextipnegr Aiewnatiradl GnuEmN b9e8r.7 1 f mra dJaiok ainrt Jaa bkeacratame the
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• PT Mahaka Radio Integra Kil
melakukan restrukturisasi
• PT Suara Irama Indah, PT Radio ort
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GEN 98.7 fm Jakarta dan JAK Attahiriyah dan PT Radio PT Radio Merpati Dharmawangsa, nt R
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101 fm menerima penghargaan Camar menjadi unit usaha PT Radio Kirana Insan Suara, m
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sebagai Radio Favorit dan Radio grup Mahaka Radio Integra PT Radio Mustang Utama dan na
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Online Favorit oleh Marketeers (MARI) PT Radio Ramako Djaya Raya n |
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Netizen Award menjadi unit usaha grup MARI m
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• PT Mahaka Radio Integra is an
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GEN 98.7 fm Jakarta and JAK 101 restructuring PT Radio Merpati Dharmawangsa, an
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fm received the award as Favorite • PT Suara Irama Indah, PT Radio PT Radio Kirana Insan Suara, PT ap
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Radio and Favorite Online Radio Attahiriyah and PT Radio Radio Mustang Utama and PT
by Marketeers Netizen Award Camar became the group of Radio Ramako Djaya Raya became file
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Mahaka Radio Integra (MARI) the group business unit of MARI Pr
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2012 2015 2017 mp
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anajemen d Analysis
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• GEN 98.7 fm Jakarta, GEN • MARI melakukan Initial Public ahasan ussion a
1JA0K3 .110 f1m fm S umreanbjaadyia r addaion • OMffAeRriIn sge (bIPaOg)a /i Ggor Puupb rliacdio dan Pembment Disc
pmeermtaimlikai mdio Ibnidleo naepspisa ryaadniog pBeurrtsaam Eaf eyakn Ign dteorndeasfitaar dalam Analisis Manage
streaming
• GEN 98.7 fm Jakarta • MARI becomes Initial Public nce
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menerima penghargaan Offering (IPO) / Go Public ern
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sebagai Radio Favorit oleh • MARI as the Pioneer radio G
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Marketeers Netizen Award group listed on the Indonesia orat
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Stock Exchange or
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• GEN 98.7 fm Jakarta, GEN an |
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103.1 fm Surabaya and JAK usa
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in Indonesia to have mobile elol
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apps radio streaming Tata
• GEN 98.7 fm Jakarta received
the award as Favorite Radio nts
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PT Mahaka Radio Integra Tbk | Laporan Tahunan 2017 3
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17 Dalam Miliar Rupiah /In billion Rupiah
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7 | Keterangan / Description 2015 2016 2017
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nerj LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN/CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
Ki
as Pendapatan Bersih/Net Revenue 101,99 111,65 130,04
Kil Beban Usaha /Operating Expense
Laba atas restrukturisasi/Restructuring Income 6,51 - -
ort
p Laba (rugi) selisih kurs-bersih/Gain (loss) on foreign exchange -net 0,06 (0,02) (0,00)
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nt Beban umum dan administrasi/General and administrative expense (54,24) (54,32) (82,30)
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e Beban penyisihan penurunan nilai atas piutang/Provision for impairment of account receivable (2,87) (3,50) (0,32)
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an Beban program dan siaran/Program and broadcasting expense (0,43) (0,44) (0,33)
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n | Pendapatan/ (beban) lain-lain bersih/Other Income/ (expense)- net (0,53) 2,21 0,83
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e Jumlah Beban Usaha/Total Operating Expense (51,50) (56,07) (82,11)
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Ma Laba (Rugi) Usaha/Operating Gain (Loss) 50,49 55,58 47,93
an Pendapatan keuangan/Financial income 7,22 5,00 1,30
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a Beban keuangan/Financial expense (6,97) (2,95) (4,10)
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Laba Sebelum Pajak Penghasilan/Income Before Income Tax Expense 50,74 57,63 45,12
file Pajak Penghasilan/Tax expense (11,26) (15,03) (13,32)
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Pr Laba Tahun Berjalan Setelah Penyesuaian Performa/Current Year Profit after Proforma Adjustment 39,48 42,60 31,80
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pa Penyesuaian Proforma/Proforma Adjustment (7,27) - -
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Co Laba Tahun Berjalan/Profit of the Year 32,21 42,60 31,80
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aa Penghasilan Komprehensif Lain/Other Comprehensive Income (0,07) 0,08 (1,97)
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us Jumlah Penghasilan Komprehensive tahun berjalan/Total Comprehensive Income of the Year 32,14 42,68 29,83
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fil P Laba (Rugi) Tahun Berjalan yang Dapat Didistribusikan kepada/Gain (Loss) of the year Attributable to
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Pr Pemilik Entitas Induk/Controlling Interest 32,21 42,60 31,46
Kepentingan Non-Pengendali/Non-Controlling Interest - - 1,09
anajemen d Analysis JLaubmal aThah Puenn Bgehrajasillaann/ PKroomfitp oref htheen sYievaer Tahun Berjalan yang Dapat Didistribusikan kepada/Total Comprehensive Income Attributable to3:2,21 42,60 32,54
ahasan Mussion an KPeempeilnikti Enngtainta Ns oInnd-Puekn/Cgoenntdraollil/iNngo nIn-Cteornetsrtolling Interest 32-,14 42-,68 219,0,498
dan Pembment Disc EJuBmITlDahA Laba Tahun Berjalan/Total Profit of the Year 5322,,1144 5472,,0658 5300,,3597
Analisis Manage LAPORAN POSISI KEUANGAN KONSOLIDASIAN/CONSOLIDATED FINANCIAL STATEMENT
ASET/ASSETS
nce Aset Lancar/Current Assets 129,49 155,78 122,22
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ern Aset Tidak Lancar/Non-Current Assets 26,78 55,08 195,49
Gov Jumlah Aset/Total Assets 156,27 210,86 317,71
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at LIABILITAS DAN EKUITAS/LIABILITIES AND EQUITY
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or Liabilitas Lancar/Current Liabilities 63,11 29,48 29,67
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n | Liabilitas Tidak Lancar/Non-Current Liabilities 4,89 6,14 92,78
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ah Jumlah Liabilitas/Total Liabilities 68,00 35,62 122,46
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er Kepentingan Non-Pengendali/Non-Controlling Interest
P
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ol Jumlah Ekuitas/Total Equity 88,27 175,24 195,25
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a Jumlah Liabilitas & Ekuitas/Total Liabilities & Equity 156,27 210,86 317,71
Tat
nts RASIO KEUANGAN (dalam persentase)/FINANCIAL RATIO (in percentage)
me Laba Komprehensif terhadap Jumlah Aset/Return on Assets 20,57% 20,24% 9,62%
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at Laba Komprehensif terhadap Jumlah Ekuitas/Return on Equity 36,41% 24,35% 15,66%
St
ncial Aset Lancar terhadap Liabilitas Jangka Pendek/Current Assets to Current Liabilities 205,18% 528,38% 411,87%
na Jumlah Liabilitas terhadap Jumlah Aset/Total Liabilities to Total Assets 43,52% 16,89% 38,54%
Fi
n | Jumlah Liabilitas terhadap Jumlah Ekuitas/Total Liabilities to Total Equity 77,04% 20,33% 62,72%
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an Laba Usaha terhadap Pendapatan/Profit Margin 49,50% 49,78% 37,43%
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n K Marjin EBITDA/ EBITDA Margin 51,13% 51,09% 38,75%
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or Laba Komprehensif terhadap Pendapatan/Comprehensive Income to Revenue 31,51% 38,22% 23,51%
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Financial Highlights Graphic ack P
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Dalam miliar Rupiah/In billion Rupiah Dalam miliar Rupiah/In billion Rupiah erj
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Ki
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2017 130.04 2017 317.71
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2016 111.65 2016 210.86 nt Re
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2015 101.99 2015 156.27 na
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2014 95.05 2014 165.66 e
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2013 80.42 2013 186.42 ora
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Penghasilan Komprehensif Tahun Berjalan/ Jumlah Ekuitas/Total Equity ny Pr
Comprehensive Income of the Year Dalam miliar Rupiah/In billion Rupiah pa
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Dalam miliar Rupiah/In billion Rupiah C
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2017 30.57 2017 195.25 er
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2016 42.68 2016 175.24
2015 32.14 2015 88.27 anajemen d Analysis
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2014 16.12 2014 53.71 ahasan ussion a
2013 17.23 2013 63.62 dan Pembment Disc
Analisis Manage
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EBITDA/EBITDA Jumlah Liabilitas/Total Liabilities n
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Dalam miliar Rupiah/In billion Rupiah Dalam miliar Rupiah/In billion Rupiah Gov
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2017 50.39 2017 122.46 n | C
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2016 57.05 2016 35.62 erus
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2015 52.14 2015 68.00 a
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2014 40.89 2014 111.96 nts
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2013 38.03 2013 122.81 al St
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PT Mahaka Radio Integra Tbk | Laporan Tahunan 2017 5
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ack P Share Highlights
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20 Kurs Peredaran Saham di Pasar Reguler Volume
7 | Kapitalisasi Perdagan-
1 Jumlah
nerja 20 No MBuolnatnh THeirgthinegsgti TeLorewnedsath PeCnluotsuinpgan Volume VNailluaei FFrreeqkuueenncsyi IHSI TSearhcaatmat CapMiPtaaalrsikzaearttion NDeig gPoaanssiaarsi
as Ki (Rp) (Rp) (Rp) Unit (Rp) X (Unit)
Kil
1 Januari
1,040 985 1,000 5,489,500 5,529,008,500 3,533 133.333 525,264,400 525,264,400,000 0
January
ort 2 Februari
p 1,065 955 1,000 10,326,800 10,400,089,500 5,425 133.333 525,264,400 525,264,400,000 1,084,200
e February
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ment 3 MMaarrecht 1,270 970 1,215 10,833,600 11,611,421,500 3,688 162.000 525,264,400 638,196,246,000 7,530,600
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n 4 April
Ma April 1,240 1,150 1,205 3,062,600 3,665,543,500 1,275 160.667 525,264,400 632,943,602,000 3,806,400
n |
e 5 Mei
m 1,400 1,130 1,400 5,254,900 6,707,957,000 2,591 186.667 525,264,400 735,370,160,000 2,990,000
e May
aj
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a 6 Juni
M 1,420 1,365 1,400 2,795,100 3,904,863,000 1,838 186.667 525,264,400 735,370,160,000 47,190,000
n June
a
Lapor 7 JJuulliy 1,430 1,355 1,385 5,959,300 8,313,116,500 3,342 184.667 525,264,400 727,491,194,000 88,649,340
8 Agustus
1,400 1,225 1,300 6,580,300 8,727,706,000 3,915 173.333 525,264,400 682,843,720,000 2,080,300
e August
fil
ny Pro 9 SSeepptteemmbbeerr 1,395 1,200 1,260 5,871,100 7,719,107,000 3,417 168.000 525,264,400 661,833,144,000 3,505,000
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mp 10 Oktober 1,300 1,185 1,215 7,047,600 8,752,612,000 4,393 162.000 525,264,400 638,196,246,000 7,300,000
o October
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n | 11 November
haa November 1,240 1,175 1,195 6,580,600 7,944,113,000 4,048 159.333 525,264,400 627,690,958,000 1,002,300
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Perus 12 DDeesceemmbbeerr 1,300 995 1,300 5,947,200 6,521,556,000 1,891 173.333 525,264,400 682,843,720,000 0
fil
Pro Kurs Akhir 1,430 955 1,300
Jumlah / Total 75,748,600 89,797,093,500 39,356
anajemen d Analysis
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dan Pembment Disc Share Highlight Graphic
Analisis Manage
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na Kapitalisasi Pasar
over Harga Saham Market Capitalization
G Share Price Dalam Rupiah / In Rupiah
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orpor 4500 8.000.000.000
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usa 3500 6.000.000.000
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P 3000
ola 5.000.000.000
Kel 2500
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Tat 2000
3.000.000.000
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ents 2.000.000.000
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Stat 500 1.000.000.000
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na Januari Februari Maret April Mei Juni Juli Agustus September Oktober November Desember
n | Fi January February March April May June July August September October November December
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an Tertinggi Terendah Penutupan Kapitalisasi Pasar
u
e Highest Lowest Closing Market Capitalization
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Dalam Rupiah / In Rupiah G
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2017 Tat
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MANAGEMENT REPORT at
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LAPORAN DEWAN KOMISARIS LAPORAN DIREKSI an
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Board of Commissioners Report Board of Directors Report n K
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PT Mahaka Radio Integra Tbk | Laporan Tahunan 2017 7
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P Board of Commissioners Report
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7 Perkembangan teknologi yang sedemikian rupa
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7 | menuntut setiap pelaku industri media berlomba-
1
20 lomba melakukan inovasi guna menyiasati tren
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nerj yang kian berkembang di tengah masyarakat.
Ki
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The fast technology development encourages every
ort player of the media industry to compete in creating
p
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n Erick Thohir
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p Komisaris Utama/President Commissioner
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ofil Yang Terhormat Para Pemegang Saham, Dear Honorable Shareholders,
Pr
ny
a
p
m Mengacu pada pertumbuhan ekonomi yang terjadi di Referring to the economic growth occurring in Indonesia
o
C
n | Indonesia pada tahun 2017 yang berkisar pada angka in 2017 which ranges from 5.10%, which also affects
a
ha 5,10%, yang juga berpengaruh terhadap pertumbuhan the growth of advertising expenditures with total value
a
us
er belanja iklan yang nilai totalnya mencapai hingga Rp of up to Rp 145 Trillions, strengthening our confidence
P
ofil 145 Triliun, memperkuat keyakinan kami terhadap in the increasing revenue of media industry players
Pr
peningkatan pendapatan para pelaku industri media including radio.
Manajemen nd Analysis tDei rsmepaasnujakn rga tdaihou. n 2017, grup Mahaka Radio Integra (MARI) Throughout the year 2017, the Mahaka Radio Integra
Analisis dan Pembahasan Management Discussion a smpHpteaaaedmlbd ateiie lnag rbi.als aeMenir-gbnte uasimlathalhieaa panhgme aydr numai gsntea egknhn ejmaagpadaeneihn trua jcaknnaedtgyutigkaakuaat mnnnn gye kma njaa jampawsdeaiy irbktasea rtarniainun kMgsga gAbati neRbdr Iaai psngneedi bkgpuaaasamgntrargai.ii (iswtnMohhda AmaurteRsa mhtIk)ro eyagl kdrcMeooesuArm supR pis sIse ctaatoo sihnto iaitgod ihntn fir u.ru reGemss attp oeiinond sen ttdasihciu betkdri mutliiootsiy t dtc hffsooretonr oC tmufeos nirt.n phTtt oheepri Pnsrao suitsveeb ei lvmdxiaceae larcud ntetilodays
audio content provider terpercaya hingga masa mendatang. the future.
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na Kinerja Usaha 2017 Business Performance 2017
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ov Kami atas nama Dewan Komisaris, mengucapkan We, on behalf of the Board of Commissioners, say
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e
at Alhamdulillah, puji syukur kami panjatkan ke hadirat Alhamdulillah, praise to God for the gift and opportunities
or
orp Allah SWT atas karunia dan kesempatan yang diberikan given in carrying out supervision to the Company.
C
n | dalam melakukan pengawasan kepada Perusahaan.
a
a
h
a
us
er MARI berhasil menunjukkan performa kinerja operasional MARI successfully demonstrated better performance
P
a
ol yang lebih baik dari tahun-tahun sebelumnya guna compared to previous years to face increasingly
el
K
a menghadapi persaingan yang semakin kompetitif. Hal competitive competition. This is evident from the
Tat
ini terlihat dari pertumbuhan pendapatan sebesar 16,5% revenue growth of 16.5% in 2017 compared to the
nts di tahun 2017 jika dibandingkan tahun sebelumnya. previous year.
e
m
e
Stat Bermula dari tiga radio yang dimiliki, MARI juga telah Starting from three owned radio stations, MARI has
al
nci melakukan ekspansi dengan mengakusisi 4 (empat) also expanded by acquiring 4 (four) companies, thus
a
Fin perusahaan sehingga menambah entitas anak yang increasing its subsidiaries from 3 (three) to 7 (seven)
an | semula 3 (tiga) menjadi 7 (tujuh) entitas anak. Hal ini subsidiaries. This is indeed a great step forward and a
g
n
ua sungguh merupakan langkah besar dan pencapaian good achievement as well as demonstrating the earnest
e
K
n yang baik sekaligus menunjukkan kinerja yang sungguh- performance of the Board of Directors of the Company.
a
or
ap sungguh dari Direksi Perseroan.
L
8 PT Mahaka Radio Integra Tbk | Laporan Tahunan 2017