PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK / AND ...€¦ · pt perintis triniti properti tbk dan entitas anak / and its subsidiaries laporan keuangan konsolidasian interim

d1/September 30, 2019 paraf:

PT PERINTIS TRINITI PROPERTI Tbk

DAN ENTITAS ANAK / AND ITS SUBSIDIARIES

LAPORAN KEUANGAN KONSOLIDASIAN INTERIM DAN INFORMASI

TAMBAHAN / CONSOLIDATED FINANCIAL STATEMENTS AND

SUPPLEMENTARY INFORMATION

TANGGAL 30 JUNI 2019 DAN 2018, 31 DESEMBER 2018, 2017 DAN 2016 DAN UNTUK PERIODE ENAM BULAN YANG BERAKHIR PADA 30 JUNI 2019 DAN 2018 SERTA UNTUK TAHUN-TAHUN YANG BERAKHIR PADA 31 DESEMBER 2018, 2017 DAN 2016 / AS OF JUNE 30, 2019 AND 2018, DECEMBER 31, 2018, 2017 AND 2016 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2019 AND 2018 AND FOR THE YEARS ENDED DECEMBER 31, 2018, 2017 AND 2016 DAN LAPORAN AUDITOR INDEPENDEN / AND INDEPENDENT AUDITORS

REPORT

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK / ITS SUBSIDIARIES DAFTAR ISI / TABLE OF CONTENTS

Halaman / Page Surat Pernyataan Direksi / Directors’ Statement Letters Laporan Auditor Independen / Independent Auditors’ Report Laporan Keuangan Konsolidasian Interim / Interim Consolidated Financial Statements

Tanggal 30 Juni 2019 dan 2018, 31 Desember 2018, 2017 dan 2016 Dan Untuk Periode Enam Bulan Yang Berakhir pada 30 Juni 2019 dan 2018 Serta Untuk Tahun-Tahun Yang Berakhir Pada 31 Desember 2018, 2017 dan 2016 / As of June 30, 2019 and 2018, December 31, 2018, 2017 and 2016 And For The Six-Month Periods Ended June 30, 2019 and 2018 And For The Years Ended December 31, 2018, 2017 and 2016

Laporan Posisi Keuangan Konsolidasian Interim / Interim Consolidated Statements of Financial Position

1

Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian Interim / 4 Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian Interim / Interim Consolidated Statements 5 of Changes in Equity Laporan Arus Kas Konsolidasian Interim / Interim Consolidated Statements of 7 Cash Flow Catatan Atas Laporan Keuangan Konsolidasian Interim / Notes to the Interim Consolidated Financial Statements

8

Informasi Tambahan / Supplementary information

Lampiran I / Attachment I

Informasi Laporan Posisi Keuangan Interim Entitas Induk / Information on Interim Statements of Financial Position of the Parent Entity

125

Lampiran II / Attachment II

Informasi Laporan Laba Rugi dan Penghasilan Komprehensif Lain Interim Entitas Induk / Information on Interim Statements of Profit or Loss and Other Comprehensive Income of Parent Entity

127

Lampiran III / Attachment III

Informasi Laporan Perubahan Ekuitas Interim Entitas Induk / Information on Interim Statements of Changes in Equity of Parent Entity

128

Lampiran IV / Attachment IV

Informasi Laporan Arus Kas Interim Entitas Induk / Information on Interim Statements of Cash Flow of Parent Entity

130

Lampiran V / Attachment V

Informasi Investasi Dalam Entitas Anak dan Ventura Bersama/ 131 Information on Investment in Subsidiaries and Joint Ventures

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan

1

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN INTERIM Tanggal 30 Juni 2019 dan 2018, Serta Tanggal 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)

PT PERINTIS TRINITI PROPERTI Tbk AND ITS SUBSIDIARIES

INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

As of June 30, 2019 and 2018, And December 31, 2018, 2017 and 2016

(Expressed in Thousand of Rupiah, unless Otherwise Stated)

Catatan/

Notes 2019 2018 2018 2017 2016

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan Setara Kas 5 36.542.933 106.499.825 80.224.626 204.546.484 131.083.694 Cash and Cash Equivalents

Accounts Receivable from

Piutang Usaha dari Pihak Ketiga 6 101.692.855 55.553.159 101.937.147 66.266.735 39.428.301 Third Parties

Piutang Lain-lain Other Receivable

Pihak Berelasi 7 498.425 389.620 685.000 284.620 284.620 Related Parties

Pihak Ketiga 7 10.773.414 4.472.395 12.871.081 2.593.528 3.093.056 Third Parties

Persediaan Aset Real Estat 8 708.081.678 617.907.179 626.174.227 518.831.282 214.179.379 Real Estate Assets Inventories

Uang Muka 9 33.976.164 23.303.727 23.291.521 13.592.104 14.558.775 Advances

Biaya Dibayar di Muka 10 17.332.596 12.143.550 17.144.420 11.146.078 11.164.953 Prepaid Expenses

Pajak Dibayar Dimuka 29a 43.086.929 45.808.462 39.865.520 38.213.214 327.961 Prepaid Taxes

Uang Jaminan 11 54.850 27.350 38.850 71.350 - Security Deposits

Jumlah Aset Lancar 952.039.843 866.105.267 902.232.392 855.545.395 414.120.738 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Piutang Lain-lain dari Pihak Ketiga 7 280.000 216.000 1.531.307 - - Other Receivable from Third Parties

Investasi pada Ventura Bersama 12 202.671.723 181.530.718 192.795.673 179.667.571 240.572.284 Investment in Joint Ventures

Persediaan Aset Real Estat 8 225.915.439 166.803.054 205.545.488 159.325.053 - Real Estate Assets Inventories

Properti Investasi 13 81.166.155 76.051.360 76.881.785 70.291.360 30.228.878 Investment Properties

Aset Tetap Property and Equipment

(Setelah dikurangi akumulasi (Net of accumulated

penyusutan sebesar depreciation of

Rp6.891.274 periode 30 Juni 2019, Rp6,891,274 period June 30, 2019,

Rp4.048.872 periode 30 Juni 2018, Rp4,048,872 period June 30, 2018,

Rp5.260.481 tahun 2018, Rp5,260,481 in year 2018,

Rp2.984.563 tahun 2017 dan Rp 2,984,563 in year 2017 and

Rp1.989.321 tahun 2016) 14 92.548.037 84.487.788 92.278.570 18.719.085 10.178.979 Rp1,989,321 in year 2016)

Rekening Bank yang Dibatasi Restricted

Penggunaannya 15 24.404.777 7.661.064 12.920.919 4.276.304 6.500.324 Cash in Banks

Biaya yang Ditangguhkan 16 82.652.255 38.486.519 69.424.671 33.286.636 3.871.894 Deferred Charges

Uang Jaminan 11 1.972.825 778.005 118.320 504.295 203.500 Security Deposits

Goodwill 17 42.279.831 42.279.831 42.279.831 42.279.831 42.279.831 Goodwill

Aset Pajak Tangguhan 29d 323.663 140.671 162.386 181.731 108.778 Deferred Tax Assets

Jumlah Aset Tidak Lancar 754.214.705 598.435.010 693.938.950 508.531.866 333.944.469 Total Non-Current Assets

JUMLAH ASET 1.706.254.549 1.464.540.277 1.596.171.343 1.364.077.261 748.065.207 TOTAL ASSETS

31 Desember/December 3130 Juni/June 30


2

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN INTERIM (LANJUTAN) Tanggal 30 Juni 2019 dan 2018, Serta Tanggal 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)


INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)

As of June 30, 2019 and 2018, And December 31, 2018, 2017 and 2016


Catatan/

Notes 2019 2018 2018 2017 2016

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang Usaha Accounts Payable


Utang Lain-lain Other Payable

Pihak Berelasi 7 111.440.721 119.663.291 106.137.403 98.691.000 - Related Parties


Beban Akrual 19 24.724.434 34.389.608 24.956.333 34.417.829 42.068.750 Accrued Expenses

Uang Muka Penjualan dan Titipan Advances from Customers

Pelanggan 20 140.142.312 77.112.810 78.401.959 140.683.257 91.925.509 and Customers Deposit

Pendapatan Diterima Dimuka 20 94.204.738 167.665.720 169.649.978 100.122.923 122.042.140 Unearned Revenues

Utang Pajak 29b 912.814 2.054.178 1.847.865 1.816.053 1.568.680 Taxes Payable

Utang Pembelian Liabilities for Purchase of

Aset Tetap 21 378.194 1.003.689 417.801 205.608 120.217 Property and Equipment

Utang Obligasi Konversi 22 50.380.952 - 37.809.524 - - Mandatory Convertible Bonds

Bagian Liabilitas Jangka Panjang Current Maturity of

Jatuh Tempo dalam Satu Tahun Long-term Liabilities:

Utang Bank dan Lembaga Bank Loan and Non-Bank

Keuangan Non-Bank 23 250.043.225 230.400.000 247.259.727 199.200.000 560.000 Financial Institutions Loan

Utang Murabahah 24 - - - - 49.737.133 Murabahah Loan

Utang Lain-lain kepada Other Payable to

Pihak Ketiga 25 - - - - 5.705.171 Third Party

Jumlah Liabilitas Jangka Pendek 705.113.156 677.728.102 706.821.025 596.926.062 322.362.311 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Utang Ventura Bersama 26 18.453.200 - 18.453.200 18.453.200 101.651.700 Join Ventures Loan

Utang Lain-lain kepada Pihak Berelasi 27 76.075.501 21.945.363 72.166.669 9.682.222 12.697.722 Other Payable to Related Parties

Utang Pembelian Liabilities for Purchase of

Aset Tetap 21 314.542 67.413 413.920 114.281 195.329 Property and Equipment

Liabilitas Jangka Panjang - Setelah Long Term Liabilities - Net of

Dikurangi Bagian Jatuh Tempo Current Maturity:

dalam Satu Tahun within One Year

Utang Bank dan Lembaga Bank Loan and Non-Bank

Keuangan Non-Bank 23 380.400.000 317.600.000 291.600.000 343.944.243 - Financial Institutions Loan

Utang Murabahah 24 - - - - 63.192.304 Murabahah Loan

Utang Lain-lain kepada Other Payable to

Pihak Ketiga 25 - - - - 19.150.000 Third Parties

Liabilitas Imbalan Pascakerja 28 5.229.988 1.901.050 2.665.652 1.834.995 912.089 Post-Employment Benefits Obligation

Jumlah Liabilitas Jangka Panjang 480.473.231 341.513.827 385.299.441 374.028.941 197.799.145 Total Non-Current Liabilities

JUMLAH LIABILITAS 1.185.586.387 1.019.241.929 1.092.120.466 970.955.003 520.161.456 TOTAL LIABILITES

30 Juni/June 30 31 Desember/December 31


3

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN INTERIM (LANJUTAN) Tanggal 30 Juni 2019 dan 30 Juni 2018 Serta Tanggal 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)


INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)

As of June 30, 2019 and 2018 And December 31, 2018, 2017 and 2016


Catatan/

Notes 2019 2018 2018 2017 2016

EKUITAS EQUITY

Modal Saham - Nilai nominal Share Capital - Par Value

Rp100 per saham Rp100 per share in period

periode Juni 2019 dan 2018, June 2019 and 2018, Rp1,000

Rp1.000 per saham tahun 2017 per share in 2017

dan 2016 and 2016

Modal Dasar Authorized

12.500.000 saham 12,500,000 shares

Periode Juni 2019 dan in June 2019 and

32.000.000 saham tahun 2018, 32,000,000 shares in 2018,

10.000 saham tahun 2017 dan 2016 10,000 shares in 2017 and 2016

Ditempatkan dan Disetor Subscribed and Paid-up -

3.280.000 saham periode Juni 2019 3,280,000 shares in period 2019,

8.000.000 saham tahun 2018 and 8,000,000 shares in 2018

2.500 saham tahun 2017 dan 2016 30 328.000.000 800.000.000 800.000.000 2.500.000 2.500.000 2,500 shares in 2017 and 2016

Piutang Penempatan Modal 30 - (472.000.000) (472.000.000) - - Subcription Receivables

Tambahan Modal Disetor 30 4.173.720 4.173.720 4.173.720 4.173.720 4.173.720 Additional Paid-in Capital

Komponen Ekuitas pada Obligasi Equity Component in

Konversi 22 264.048 - (94.524) - - Convertible Bonds

Penghasilan Komprehensif Lain 32 58.103.424 47.519.041 51.696.361 47.398.681 37.079.138 Other Comprehensive Income

Saldo Laba 56.320.666 19.241.330 78.499.728 288.132.999 176.869.382 Retained Earnings

Ekuitas yang Dapat Diatribusikan Equity Attributable to the Owners

kepada Pemilik Entitas Induk 446.861.857 398.934.091 462.275.285 342.205.400 220.622.240 of the Company

Kepentingan Nonpengendali 33 73.806.304 46.364.257 41.775.592 50.916.859 7.281.511 Non-Controlling Interests

Jumlah Ekuitas 520.668.162 445.298.348 504.050.877 393.122.259 227.903.751 Total Equity

JUMLAH LIABILITAS DAN EKUITAS 1.706.254.549 1.464.540.277 1.596.171.343 1.364.077.261 748.065.207 TOTAL LIABILITIES AND EQUITY



4

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN INTERIM Untuk Periode Enam Bulan yang Berakhir 30 Juni 2019 dan 2018, Serta Tahun-tahun yang Berakhir 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)


INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the Six-Month Periods Ended June 30, 2019 and 2018, And for the Years Ended December 31, 2018,

2017 and 2016 (Expressed in Thousand of Rupiah, unless Otherwise Stated)

Catatan/ 2019 2018 2018 2017 2016

Notes (6 Bulan/Months ) (6 Bulan/Months ) (12 Bulan/Months) (12 Bulan/Months) (12 Bulan/Months)

PENJUALAN DAN PENDAPATAN 34 131.790.673 86.232.838 229.545.232 221.299.958 282.213.291 SALES AND REVENUES

BEBAN POKOK PENJUALAN COST OF SALES AND

DAN BEBAN LANGSUNG 35 (91.499.570) (68.898.852) (169.343.845) (159.107.700) (177.523.972) DIRECT COSTS

LABA BRUTO 40.291.103 17.333.986 60.201.387 62.192.258 104.689.319 GROSS PROFITS

Beban Penjualan 36 (2.428.282) (25.800.391) (10.153.931) (9.005.616) (29.822.994) Selling Expenses

Beban Umum dan General and Administrative

Administrasi 37 (27.394.997) (14.678.716) (40.254.888) (22.332.364) (31.410.564) Expenses

Pendapatan Bunga 38 3.091.258 7.282.066 10.534.921 4.104.132 4.617.031 Interest Income

Pendapatan Lain-lain - Bersih 39 25.175.323 67.534.077 62.706.141 97.305.214 2.867.546 Other Income - Net

Beban Pajak Final 29c (3.271.412) (2.067.145) (5.082.755) (6.473.080) (8.539.431) Final Tax Expense

Bagian atas Laba Bersih Ventura Equity in Net Income

Bersama 12 3.246.686 (414.518) 19.699.779 28.582.116 26.183.873 of Joint Ventures

Interest Expense and

Beban Bunga dan Keuangan 40 (5.076.874) (4.768.694) (1.681.103) (5.730.333) (1.234.606) Financial Charges

LABA SEBELUM PAJAK 33.632.804 44.420.665 95.969.551 148.642.327 67.350.173 PROFIT BEFORE TAX

Manfaat (Beban) Pajak Penghasilan -

Bersih 29c (95.844) 12.568 (282.918) (378.646) (563.739) Income Tax Benefit (Expense) - NetPROFIT BEFORE TAX

LABA BERSIH PERIODE / NET PROFIT FOR THE PERIOD /

TAHUN BERJALAN 33.536.961 44.433.233 95.686.633 148.263.681 66.786.434 YEAR

PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE

LAIN INCOME

Pos-pos yang tidak akan Items that will not be

direklasifikasi ke laba rugi reclassified to profit or loss

Pengukuran kembali atas liabilitas Remeasurement of defined

imbalan pascakerja 32 222.944 159.590 418.463 (10.731) (45.831) benefit obligation

Bagian penghasilan komprehensif Other comprehensive income

lain dari ventura bersama 12 6.291.303 4.130.406 4.135.698 10.435.824 37.154.220 from joint ventures

Pajak Penghasilan Terkait 29d 161.277 (53.628) (65.276) 27.363 4.925 Related Income Tax

LABA KOMPREHENSIF PERIODE / TOTAL COMPREHENSIVE

TAHUN BERJALAN 40.212.484 48.669.601 100.175.518 158.716.137 103.899.749 FOR THE PERIOD / YEAR

LABA BERSIH PERIODE / NET PROFIT FOR PERIOD / YEAR

TAHUN BERJALAN YANG DAPAT ATTRIBUTABLE

DIATRIBUSIKAN KEPADA: TO:

Pemilik Entitas Induk 25.047.491 39.409.846 93.674.593 134.193.482 60.735.944 Owners of The Parent

Kepentingan Nonpengendali 8.489.470 5.023.387 2.012.040 14.070.199 6.050.490 Non-Controlling Interest

JUMLAH 33.536.961 44.433.233 95.686.633 148.263.681 66.786.434 TOTAL

JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE

YANG DAPAT DIATRIBUSIKAN INCOME ATTRIBUTABLE

KEPADA: TO:

Pemilik Entitas Induk 31.417.839 43.660.613 98.091.865 144.513.024 97.815.057 Owners of The Parent

Kepentingan Nonpengendali 33b 8.794.646 5.008.988 2.083.653 14.203.113 6.084.692 Non-Controlling Interest

JUMLAH 40.212.484 48.669.601 100.175.518 158.716.137 103.899.749 TOTAL

LABA PER SAHAM 5,38 11.823 28.096 53.677 24.294 EARNINGS PER SHARE



5

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN INTERIM Untuk Periode Enam Bulan yang Berakhir 30 Juni 2019 dan 2018 Serta Tahun-tahun yang Berakhir 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)

PT PERINTIS TRINITI PROPERTI Tbk AND ITS SUBSIDIARIES INTERIM CONSOLIDATED STATEMENTS OF

CHAGES IN EQUITY For the Six-Month Periods Ended June 30, 2019 and 2018

And for the years Ended December 31, 2018, 2017 and 2016 (Expressed in Thousand of Rupiah, unless Otherwise Stated)

Ekuitas yang

Komponen Ekuitas Dapat Diatribusikan

Modal Piutang pada Penghasilan kepada Pemilik

Ditempatkan Penempatan Obligasi Konversi/ Komprehensif Lain/ Tambahan Entitas Induk/ Kepentingan Jumlah

dan Disetor/ Modal/ Equity component Other Modal Disetor/ Ditentukan Tidak Ditentukan Equity Attributable Nonpengendali/ Ekuitas/

Catatan/ Issued and Subscription on Comprehensive Additional Penggunaannya/ Penggunaannya/ to The Owners Non-Controlling Total

Notes Paid-up Capital Receivables Convertible Bonds Income Paid-in Capital Appropriated Unappropriated of The Company Interest Equity

Saldo Per 1 Januari 2016 2.500.000 - - - - - 116.133.463 118.633.463 6.299.820 124.933.283 Balance as of January 1, 2016

Penghasilan Komprehensif Lain - - - 37.079.139 - - - 37.079.139 34.176 37.113.315 Other Comprehensive Income

Tambahan Modal Disetor 30 - - - - 4.173.720 - - 4.173.720 - 4.173.720 Additional Paid-in Capital

Saham Diperoleh Kembali - - - - - - - - (5.103.000) (5.103.000) Treasury Stocks

Jumlah Laba Komprehensif Total Comprehensive Income

Tahun Berjalan - - - - - - 60.735.919 60.735.919 6.050.516 66.786.434 for The Year

Saldo per 31 Desember 2016 2.500.000 - - 37.079.139 4.173.720 - 176.869.382 220.622.240 7.281.511 227.903.751 Balance as of December 31, 2016

Cadangan umum - - - - - 1.902.402 (1.902.402) - - - General Reserves

Penghasilan Komprehensif Lain - - - 10.319.542 - - - 10.319.542 132.914 10.452.456 Other Comprehensive Income

Setoran Modal Kepentingan Capital Increase of Non-Controlling

Nonpengendali Entitas Anak - - - - - - - - 44.230.000 44.230.000 Interest of Subsidiaries

Selisih Transaksi Perubahan Ekuitas Difference Due to Change in Equity of

Entitas Anak - - - - - - (22.929.865) (22.929.865) (14.797.765) (37.727.630) Subsidiaries



Saldo per 31 Desember 2017 2.500.000 - - 47.398.681 4.173.720 1.902.402 286.230.597 342.205.400 50.916.859 393.122.259 Balance as of December 31, 2017

Dividen - - - - - - (319.717.600) (319.717.600) - (319.717.600) Dividends

Cadangan umum - - - - - 2.385.361 (2.385.361) - - - General Reserves

Penghasilan Komprehensif Lain - - - 4.297.680 - - 4.297.680 4.297.680 Other Comprehensive Income

Modal Disetor Melalui Dividen Saham 254.717.600 - - - - - - 254.717.600 - 254.717.600 Paid-up Capital Through Share Dividends

Modal Disetor Melalui Konversi Paid-up Capital Through Conversion

Utang Kepada Pemegang Saham 542.782.400 - - - - - - 542.782.400 - 542.782.400 Debt to Shareholders

Obligasi Konversi - Komponen Ekuitas 22 - - (94.524) - - - - (94.524) - (94.524) Convertible Bonds - Equity Components

Piutang Penempatan Modal - (472.000.000) - - - - - (472.000.000) - (472.000.000) Subcription Receivables

Setoran Modal Kepentingan Interest Capital Deposit

Nonpengendali Entitas Anak - - - - - - - - 150.000.000 150.000.000 Non-Controlling Subsidiary

Selisih Transaksi Perubahan Ekuitas Difference Due to Change in Equity of

Entitas Anak - - - - - - 16.409.736 16.409.736 (161.174.800) (144.765.064) Subsidiaries



Saldo per 31 Desember 2018 800.000.000 (472.000.000) (94.524) 51.696.361 4.173.720 4.287.763 74.211.965 462.275.285 41.775.592 504.050.877 Balance as of December 31, 2018

Saldo Laba/

Retained Earnings


6

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN INTERIM Untuk Periode Enam Bulan yang Berakhir 30 Juni 2019 dan 2018 Serta Tahun-tahun yang Berakhir 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)

PT PERINTIS TRINITI PROPERTI Tbk AND ITS SUBSIDIARIES INTERIM CONSOLIDATED STATEMENTS OF

CHANGES IN EQUITY For the Six-Month Periods Ended June 30, 2019 and 2018

And for the years Ended December 31, 2018, 2017 and 2016 (Expressed in Thousand of Rupiah, unless Otherwise Stated)

Ekuitas yang

Komponen Ekuitas Dapat Distribusikan

Modal Piutang pada Penghasilan kepada Pemilik

Ditempatkan Penempatan Obligasi Konversi/ Komprehensif Lain/ Tambahan Entitas Induk/ Kepentingan Jumlah

dan Disetor/ Modal/ Equity component Other Modal Disetor/ Ditentukan Tidak Ditentukan Equity Attributable Nonpengendali/ Ekuitas/

Catatan/ Issued and Subscription on Comprehensive Additional Penggunaannya/ Penggunaannya/ to The Owners Non-Controlling Total

Notes Paid-up Capital Receivables Convertible Bonds Income Paid-in Capital Appropriated Unappropriated of The Company Interest Equity

Saldo per 1 Januari 2018 2.500.000 - - 47.398.681 4.173.720 1.902.402 286.230.597 342.205.400 50.916.859 393.122.259 Balance as of January 1, 2018

Dividen - (254.717.600) (254.717.600) - (254.717.600) Dividends

Modal Disetor Melalui Dividen Saham 254.717.600 - 254.717.600 - 254.717.600 Paid-up Capital Through Share Dividends

Modal Disetor Melalui Konversi Paid-up Capital Through Conversion

Utang Kepada Pemegang Saham 542.782.400 - - - 542.782.400 - 542.782.400 Debt to Shareholders

Piutang Penempatan Modal - (472.000.000) - - - - - (472.000.000) - (472.000.000) Subcription Receivables

Selisih Transaksi Perubahan Ekuitas - Difference Due to Change in Equity of

Entitas Anak - - - - - - (64.717.600) (64.717.600) 3.717.600 (61.000.000) Subsidiaries

Peningkatan Setoran Modal - Increase in Capital Deposit

Nonpengendali - - - - - - - - 150.000.000 150.000.000 Non-Controlling

Penghasilan Komprehensif Lain - 120.361 - - - 120.361 (163.279.189) (163.158.829) Other Comprehensive Income


Periode Berjalan - - - - - - 50.543.531 50.543.531 5.008.988 55.552.519 for The Year

Saldo per 30 Juni 2018 800.000.000 (472.000.000) - 47.519.041 4.173.720 1.902.402 17.338.928 398.934.091 46.364.257 445.298.349 Balance as of June 30, 2018

Saldo per 31 Desember 2018 800.000.000 (472.000.000) (94.524) 51.696.361 4.173.720 4.287.763 74.211.965 462.275.285 41.775.592 504.050.877 Balance as of December 31, 2018

Dividen - - - - - - 345.217.600 345.217.600 - 345.217.600 Dividends

Cadangan umum - - - - - (50.461) 50.461 - - - General Reserves

Penghasilan Komprehensif Lain - - - 6.407.063 - - - 6.407.063 - 6.407.063 Other Comprehensive Income

Obligasi Konversi - Komponen Ekuitas 358.571 - - - - 358.571 - 358.571 Convertible Bonds - Equity Components

Penurunan Modal Disetor (472.000.000) 472.000.000 - - - - - - - - Decrease of Paid-up in Capital

Setoran Modal Kepentingan Capital Increase of Deposit

Nonpengendali - - - - - - - - 3.600.000 3.600.000 Non-Controlling Interest

Selisih Transaksi Perubahan Ekuitas - Difference Due to Change in Equity of

Entitas Anak - - - - - - (392.444.153) (392.444.153) 19.941.242 (372.502.911) Subsidiaries



Saldo per 30 Juni 2019 328.000.000 - 264.048 58.103.424 4.173.720 4.237.302 52.083.364 446.861.857 73.806.304 520.668.161 Balance as of June 30, 2019

Saldo Laba/

Retained Earnings


7

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN INTERIM Untuk Periode Enam Bulan yang Berakhir 30 Juni 2019 dan 2018 Serta Tahun-tahun yang Berakhir 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)


INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Six-Month Periods Ended June 30, 2019 and 2018 And for the years Ended December 31, 2018,

2017 and 2016 (Expressed in Thousand of Rupiah, unless Otherwise Stated)

2019 2018 2018 2017 2016

(6 Bulan/Months ) (6 Bulan/Months ) (12 Bulan/Months) (12 Bulan/Months) (12 Bulan/Months)

CASH FLOWS FROM OPERATING

ARUS KAS DARI AKTIVITAS OPERASI ACTIVITIES

Penerimaan Kas dari Pelanggan 118.330.078 164.489.212 201.120.576 221.300.056 238.357.584 Cash Receipts from Customers

Pembayaran Beban Pajak Final (3.271.412) (2.067.145) (5.082.755) (6.473.080) (8.539.431) Final Tax Expense Paid

Penerimaan dari Pelanggan - Bersih 115.058.666 162.422.067 196.037.821 214.826.976 229.818.153 Cash Receipts from Customers - Net

Pembayaran Kas kepada Karyawan (17.849.707) (6.585.050) (11.376.656) (7.468.569) (13.818.485) Cash Paid to Employees

Pembayaran Kas kepada Pemasok Cash Paid to Suppliers

dan Beban Operasional Lainnya (194.354.392) (267.199.908) (446.252.746) (565.486.815) (347.529.573) and Other Operating Expenses

Kas Dihasilkan dari Operasi (97.145.433) (111.362.891) (261.591.581) (358.128.408) (131.529.905) Cash Generated from Operation

Pembayaran Beban Bunga Interest and

dan Keuangan (5.076.874) (4.768.694) (1.681.103) (5.730.333) (1.234.606) Financial Charges Paid

Pembayaran Beban Pajak Penghasilan (95.844) (80.769) (282.918) (378.645) (595.916) Income Taxes Paid

Kas Bersih Digunakan untuk Net Cash Used in Operating

Aktivitas Operasi (102.318.151) (116.212.354) (263.555.602) (364.237.386) (133.360.426) Activities

CASH FLOWS FROM INVESTING

ARUS KAS DARI AKTIVITAS INVESTASI ACTIVITES

Penerimaan Bunga 3.091.258 7.282.066 10.534.921 4.104.132 4.617.031 Interest Received

Penerimaan (Pemberian) Piutang Lain-lain Decrease (Increase) in Other Receivable

dari Pihak Berelasi 186.575 (105.000) (400.380) - - from Related Parties

Perolehan Aset Tetap (138.985) (758.317) (182.352) (689.841) (993.693) Acquisitions of Property and Equipment-

Kas Bersih Diperoleh Net Cash Provided by

dari Aktivitas Investasi 3.138.848 6.418.749 9.952.189 3.414.291 3.623.338 Investing Activities

CASH FLOWS FROM FINANCING

ARUS KAS DARI AKTIVITAS PENDANAAN ACTIVITIES

Utang Bank dan Lembaga Bank Loans and Non-bank

Keuangan non Bank Financial Institutions

Penerimaan 120.000.000 4.855.757 33.550.096 542.584.243 137.521.740 Proceeds

Pembayaran (86.016.502) (26.344.243) (34.284.763) (112.929.437) (2.132.858) Payment

Penambahan Utang kepada Pihak Berelasi 8.942.683 33.235.432 92.206.698 87.829.579 309.433 Increase of Payable to Related Parties

Penerimaan Utang Obligasi Konversi 12.571.429 - 37.809.524 - - Proceeds Loans Convertible Bonds

Pembayaran Pinjaman Payment Loan from

Ventura Bersama - - - (83.198.500) - Joint Ventures

Kas Bersih Diperoleh dari

Aktivitas Pendanaan 55.497.610 11.746.946 129.281.555 434.285.885 135.698.316 Net Cash Provided from Financing

Kenaikan (Penurunan) Net Increase (Decrease)

Bersih Kas dan Setara Kas (43.681.693) (98.046.659) (124.321.858) 73.462.790 5.961.228 In Cash and Cash Equivalents

Cash and Cash Equivalents at

Saldo Kas dan Setara Kas Awal Tahun 80.224.626 204.546.484 204.546.484 131.083.694 125.122.466 Beginning of Year

Cash and Cash Equivalents at

Saldo Kas dan Setara Kas Akhir Tahun 36.542.933 106.499.825 80.224.626 204.546.484 131.083.694 End of Year

31 Desember/December 3130 Juni/June 30

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM Tanggal 30 Juni 2019 dan 2018, 31 Desember 2018, 2017 dan 2016 Dan Untuk Periode Enam Bulan Yang Berakhir pada 30 Juni 2019 dan 2018 Serta Untuk Tahun-Tahun Yang Berakhir Pada 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)


NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

As of June 30, 2019 and 2018, December 31, 2018, 2017 and 2016

And For The Six-Month Periods Ended June 30, 2019 and 2018

And For The Years Ended December 31, 2018, 2017 and 2016

(Expressed in Thousands of Rupiah, unless Otherwise Stated)

8

1. Umum 1. General 1.a. Pendirian dan Informasi Umum 1.a. Establishment and General Information

PT Perintis Triniti Properti Tbk (Perusahaan) didirikan pada tanggal 13 Maret 2009 berdasarkan Akta Notaris No. 06 dari Drs. Arif Djohan Tunggal, S.H., M.H., M.Kn., Notaris di Jakarta. Akta ini telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia sesuai dengan Surat Keputusan No. AHU-21089.AH.01.01. Tahun 2009 tanggal 15 Mei 2009.

PT Perintis Triniti Properti Tbk (the Company) was established dated March 13, 2009 based on Notarial Deed No. 06 of Drs. Arif Djohan Tunggal, S.H., M.H., M.Kn., Notary in Jakarta. The Deed of Establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-21089.AH.01.01. Year 2009 dated May 15, 2009.

Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir berdasarkan Akta No. 23 tanggal 9 April 2019 dari B. Andy Widyanto, S.H. mengenai perubahan modal dasar, ditempatkan dan disetor Perusahaan. Perubahan tersebut telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam Surat Keputusannya No. AHU-0031242.AH.01.02 Tahun 2019 tanggal 11 Juni 2019.

The Company’s Articles of Association have been amended several times, most recently by Deed No. 23 dated April 9, 2019 of B. Andy Widyanto, S.H. concerning changes of Company’s authorized, issued and paid-up capital. The amendment was approved by the Minister of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-0031242.AH.01.02 Year 2019 dated June 11, 2019.

Sesuai dengan pasal 3 Anggaran Dasar Perseroan, bidang usaha PT Perintis Triniti Properti meliputi bidang perdagangan, pembangunan, jasa dan perindustrian, dengan rincian sebagai berikut:

In accordance with Article 3 of the Company’s Articles of Association, scope of activities of PT Perintis Triniti Properti is to engage trading, development, services and industries, are as follows:

1. Perdagangan 1. Trading

Perdagangan meliputi menjalankan usaha-usaha dibidang perdagangan, grossier, supplier, leveransier, commission house, disttor, agent dan sebagai perwakilan dari badan-badan perusahaan, perdagangan yang berhubungan dengan usaha real estat dan properti, perdagangan cash dan credit serta jual beli dengan angsuran, ekspor impor dan perdagangan hasil industri kayu dan tripleks, multilevel marketing, ekspor impor dan perdagangan bahan bangunan, material, konstruksi, beton polimer, beton siap pakai, perdagangan keramik, ekspor impor dan perdagangan hasil pertambangan yang meliputi pasir dan batu.

Trading including operate in trade business, groceries, supplier, leveransier, commission house, disttor, agent and representation of company bodies, trade related to real estat and property, trade in cash or credit and sale and purchase with installment, eksport and import and trade result from wood and tripleks industries, multilevel marketing, export and import and trade of building materials, materials, construction, polymer concrete, ready mixed concrete, ceramic trade, eksport and import and trade result from mining including sand and stone.

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTERIM (Lanjutan) Tanggal 30 Juni 2019 dan 2018, 31 Desember 2018, 2017 dan 2016 Dan Untuk Periode Enam Bulan Yang Berakhir pada 30 Juni 2019 dan 2018 Serta Untuk Tahun-Tahun Yang Berakhir Pada 31 Desember 2018, 2017 dan 2016 (Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued)





9

2. Pembangunan 2. Development

Pembangunan meliputi sebagai pengembang, pemborong pada umumnya, pemasangan komponen bangunan berat, pembangunan konstruksi gedung, jembatan, jalan, bandara-dermaga, pemasangan instalasi-instalasi, pengembangan wilayah pemukiman, pembangunan sarana pra sarana jaringan telekomunikasi, konstruksi besi dan baja, usaha penunjang ketenagalistrikan dan penyelesaian konstruksi gedung.

Development including as developer, wholesaler in general, installing heavy building components, construction of building development, bridge, road, airport-pier, installations, development of residential areas, development of facilities and infrastructures for telecommunication network, steel construction, business in supporting electrical and completion of building construction.

3. Jasa 3. Services

Jasa meliputi konsultasi bidang bisnis, manajemen, dan administrasi, jasa kebersihan, konsultasi bidang arsitek, landscape, design, dan interior. Jasa pengelolaan dan penyewaan gedung perkantoran, taman hiburan/rekreasi dan kawasan berikat, konsultasi bidang pemasaran, survey pasar, studi perencanaan, konstruksi sipil mobilisasi pengerukan, reklamasi dan peralatannya, pengembangan bisnis, sarana penunjang perusahaan konstruksi, jasa agen properti, konsultasi bidang perencanaan dan pengawasan pembangunan, jasa pengerjaan dan perawatan marmer, manajemen operasi dan pemeliharaan kawasan industri, jasa penyewaan dan pengelolaan properti, konsultan bidang agrarian, jasa studi kelayakan, konsep rancangan, jasa perkiraan biaya, pengontrol biaya dan perencanaan, pembuatan laporan proyek, pengelolaan dan gambar-gambar konstruksi, jasa pelatihan, pengolahan data, riset dan konsultasi, penyewaan ruangan, manajemen villa, konsultasi manajemen properti, konstruksi dalam pembuatan beton siap pakai, bisnis niaga/kantor virtual, konsultasi bidang perhotelan, pengelolaan hotel, penyewaan dan pengelolaan kawasan industri, pengelolaan museum, bidang desain, pekerjaan umum/sipil, penghancuran/ pembongkaran bangunan dan sarana penunjangnya.

Services including business consultation, management, and administration, cleaning service, architecture consultation, landscape, design, and interior. Maintenance service and for rental office buildings, amusemen park/recreation and bonded area, consultation in marketing field, market survey, planning study, civil construction mobilization dredging, reclamation and its equipment, business development, construction company infrastructures, property agent service, consultation in planning and building supervision, marble care and craftsmanship services, operation management and maintenance of industrial area, property management and rental services, agrarian field consultant, services feasibility study, drafting of concept, estimated cost service, cost control and planning, production of project report, management and construction drawings, training service, data processing, research and consulting, room rental, villa management, property management consulting, construction in the manufacture of ready mixed concrete, commercial business/virtual office, the hospitality field consultation, the management of the hotel, rental and management of industrial region, the management of the museum, design field, public work/civil, destruction/demolition of building and supporting infrastructures.








10

4. Perindustrian 4. Industries

Industri meliputi industri beton polimer, barang-barang interior ruangan, beton siap pakai dan prestressing, material bangunan, pengolahan kayu dan tripleks, cat dan plameir, semen, pipa dan valves, batubata dan genteng, pembuatan bahan-bahan untuk packing, paving, batu bata, keramik dan industri pada umumnya.

Industries include concrete polymer industry, room interior goods, ready mixed concrete and prestressing, building materials, processing of wood and triplex, paints and plameir, semen, pipes and valves, bricks and roof tiles, creation of materials for packing, paving, bricks, ceramic and industry in general.

Saat ini kegiatan utama Perusahaan adalah menjalankan usaha dalam bidang real estat.

Currently the main activity of the company is to run a business in real estate sector.

1.b. Susunan Dewan Komisaris dan Direksi 1.b. The Composition of Board of Commisioners and Directors

Pada tanggal 30 Juni 2019 dan 2018, 31 Desember 2018, 2017 dan 2016, susunan Dewan Komisaris dan Direksi Perusahaan adalah sebagai berikut:

As of June 30, 2019 and 2018, December 31, 2018, 2017 and 2016, the composition Board of Commisioners and Directors, are as follows:

30 Juni 2019/ June 30, 2019

Dewan Komisaris Board of Commissioners Komisaris Utama : Septian Starlin : President Commissioner Komisaris : Matius Jusuf : Commissioner Komisaris Independen : Erman Suparno : Independent Commissioner Dewan Direksi Board of Directors Direktur Utama : Ishak Chandra : President Director Direktur : Chandra : Director Johanes L Andayaprana Pio Hizkia Wehantouw Direktur Independen : Yohanes Eddy Christianto : Independent Director

30 Juni 2018 dan 31 Desember 2018/ June 30, 2018 and December 31, 2018

Dewan Komisaris Board of Commissioners Komisaris Utama : Septian Starlin : President Commissioner Komisaris : Matius Jusuf : Commissioner Komisaris Independen : Erman Suparno : Independent Commissioner








11

30 Juni 2018 dan 31 Desember 2018/ June 30, 2018 and December 31, 2018 Dewan Direksi Board of Directors Direktur Utama : Ishak Chandra : President Director Direktur : Chandra : Director Johanes L. Andayaprana Pio Hizkia Wehantouw Direktur Independen : Yohanes Eddy C. : Independent Director

31 Desember /December 31, 2017 dan 2016 /2017 and 2016 Dewan Komisaris Board of Commissioners Komisaris Utama : Matius Jusuf : President Commissioner Komisaris : Johanes L. Andayaprana : Commissioner Dewan Direksi Board of Directors Direktur Utama : Septian Starlin : President Director Direktur : Chandra : Director

Jumlah karyawan tetap Perusahaan dan entitas anak (“Grup”) per Periode 30 Juni 2019 dan 2018, 31 Desember 2018, 2017 dan 2016 masing-masing sebanyak 169 dan 100, 152, 109 dan 66 orang.

The Company had total number permanent employees and its subsidiaries (“Group”) as of period June 30, 2019 and 2018, December 31, 2018, 2017 and 2016 of 169 and 100, 152, 109 dan 66 orang, respectively.

1.c. Entitas Anak 1.c. Subsidiaries

Rincian entitas anak Grup pada akhir periode pelaporan adalah sebagai berikut:

Details of the Group’s subsidiaries at the end of the reporting period are as follows:

Tahun Operasi Jenis Komersial/ Proyek/ Persentase Pemilikan/ Start of

Entias Anak/ Type of Domisili/ Juni/June Juni/June Percentage of Ownership Commercial Subsidiaries Project Domicile 2019 2018 2018 2017 2016 Operatons

PT Triniti Dinamik (TD) Apartemen/ Jakarta 56,04% 56% 56% 56% 56% 2014 Apartment PT Sirius Terang - Tangerang 99,20% 99,20% 99,20% 99,20% 99,20% 2015

Cemerlang (STC)

PT Triniti Pilar - Tangerang 99,92% 99,92% 99,92% 99,92% 99,92% 2013 Gemilang (TPG)

PT Triniti Menara Mixed Use Tangerang 50% 50% 50% 50% - 2017 Serpong (TMS)

PT Triniti Menara Mixed Use Tangerang 99,99% 99,99% 99,99% 99,99% - Pra Operasi/ Gading (TMG) *) Pre Operating

PT Triniti Dinamik - Tangerang 70% 70% 70% 70% - 2017 Santoz (TDS) **)

PT Puri Triniti Mixed Use Batam 70% 70% 70% - - 2018 Batam (PTB)








12

Jumlah Aset Sebelum Eliminasi / Entias Anak/ Nama Proyek Total Assets Before Elimination Subsidiaries Name of Project Juni/June 2019 Juni/June 2018 2018 2017 2016

PT Triniti Dinamik Springwood (TD) dan The Smith 711.869.960 674.981.211 661.979.368 673.360.804 394.235.123

PT Sirius Terang Cemerlang (STC) - 101.178.822 89.851.432 102.665.872 87.630.929 59.631.455

PT Triniti Pilar Gemilang (TPG) - 31.461.891 21.777.359 30.335.411 80.653.745 15.954.651

PT Triniti Menara

Serpong (TMS) - 543.023.922 412.851.955 485.480.740 353.262.916 25.012.370

PT Triniti Menara Gading (TMG) *) Collins 101.006.708 100.975.133 101.005.788 100.974.681 -

PT Triniti Dinamik

Santoz (TDS) **) - 121.378.853 138.719.147 116.715.469 137.321.805 -

PT Puri Triniti Marc’s Batam (PTB) Boulevard 43.482.892 7.472.833 36.196.646 - -

*) Kepemilikan tidak langsung melalui TMS **) Kepemilikan tidak langsung melalui TD

*) Indirect Ownership throught TMS **) Indirect Ownership throught TD

2018 2018 Pada bulan Januari 2018, Perusahaan mendirikan PTB dengan modal ditempatkan dan disetor sebesar Rp7.000.000 atau setara dengan 70% kepemilikan saham PTB.

In January 2018, Company established PTB with issued and paid-up amounted to Rp7,000,000 or equivalent to 70% shares ownership of PTB.

2017 2017 Pada bulan Januari 2017, Perusahaan mendirikan TMS dengan modal ditempatkan dan disetor sebesar Rp25.000.000 atau setara dengan 50% kepemilikan saham TMS.

In January 2017, Company established TMS with issued and paid-up amounted to Rp25,000,000 or equivalent to 50% shares ownership of TMS.

Pada bulan Agustus 2017, TMS mendirikan TMG dengan modal ditempatkan dan disetor sebesar Rp94.236.000 atau setara dengan 99,99% kepemilikan saham TMG.

In August 2017, Company established TMG with issued and paid-up amounted to Rp94,236,000 or equivalent to 99,99% shares ownership of TMG.

Pada bulan Oktober 2017, TD mendirikan TDS dengan modal ditempatkan dan disetor sebesar Rp14.000.000 atau setara dengan 70% kepemilikan saham TDS.

In October 2017, Company established TD with issued and paid-up amounted to Rp14,000,000 or equivalent to 70% shares ownership of TDS.








13

2016 2016 Pada bulan September 2016, Perusahaan membeli saham TPG dengan modal ditempatkan dan disetor sebesar Rp2.498.000 atau setara dengan 99,92% kepemilikan saham TPG.

In September 2016, the Company acquired TPG’s share with issued and paid-up capital of Rp2,498,000 or equivalent to 99,92% ownership in TPG.

2014 2014 Pada bulan Juni 2014, Perusahaan membeli saham TD dengan modal ditempatkan dan disetor sebesar Rp13.770.000 atau setara dengan 51% kepemilikan saham TD.

In July 2014, the Company acquired TD’s share with issued and paid-up capital of Rp13,770,000 or equivalent to 51% ownership in TD.

2015 2015 Pada bulan Agustus 2015, Perusahaan membeli saham STC dengan modal ditempatkan dan disetor sebesar Rp124.000.000 atau setara dengan 99,2% kepemilikan saham STC. Selisih yang timbul dari pembelian sebagian kepemilikan entitas anak dengan nilai buku diakui sebagai goodwill (Catatan 17).

In August 2015, the Company acquired STC’s share with issued and paid-up capital of Rp124,000,000 or equivalent to 99,2% ownership in STC. Difference arising between partial acquired of subsidiaries ownership with book value accounted as goodwill (Note 17).

1.d. Obligasi Konversi 1.d. Convertible Bonds

Pada 25 Maret 2019, Perusahaan menerbitkan Mandatory Convertible Bonds (MCB) obligasi konversi PT Perintis Triniti Properti Tbk sebesar Rp13.200.000. Penerbitan Obligasi Konversi dilakukan sesuai dengan Perjanjian PT Perintis Triniti Properti Tbk (Penerbit) dan Masyarakat (Pembeli) (Catatan 22).

On March 25, 2019, the Company issued Mandatory Convertible Bonds (MCB) convertible bonds of PT Perintis Triniti Properti Tbk in the amount of Rp13,200,000. Issuance of Convertible Bonds is carried out in accordance with the PT Perintis Triniti Properti Tbk (Publisher) and Public (Buyer) Agreement (Note 22).

Pada 17 Desember 2018, Perusahaan menerbitkan Mandatory Convertible Bonds (MCB) obligasi konversi PT Perintis Triniti Properti Tbk sebesar Rp39.700.000. Penerbitan Obligasi Konversi dilakukan sesuai dengan Perjanjian PT Perintis Triniti Properti Tbk (Penerbit) dan Masyarakat (Pembeli) (Catatan 22).

On December 17, 2018, the Company issued Mandatory Convertible Bonds (MCB) convertible bonds of PT Perintis Triniti Properti Tbk in the amount of Rp39,700,000. Issuance of Convertible Bonds is carried out in accordance with the PT Perintis Triniti Properti Tbk (Publisher) and Community (Buyer) Agreement (Note 22).








14

Seluruh Obligasi Konversi belum dikonversikan menjadi saham pada tanggal 30 Juni 2019.

All Convertible Bonds have not been converted into shares as of June 30, 2019.

2. Penerapan Pernyataan Standar Akuntansi Keuangan Baru dan Revisi (PSAK) dan Interpretasi Standar Akuntansi Keuangan (ISAK)

2. Adoption of New and Revised Statements of Financial Accounting Standards (“PSAK”) and Interpretation of PSAK (“ISAK”)

a. Standar Yang Berlaku Efektif Pada Tahun Berjalan

a. Standards Effective In The Current Year

Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (DSAK - IAI) telah menerbitkan standar baru, revisi dan interpretasi yang relevan dan berlaku pada atau efektif setelah tanggal 1 Januari 2018, sebagai berikut:

Financial Accounting Standard Board of Indonesian of Accountants (PSAK-IAI) has issued the following new standards, amandments and interpretation which were relevant and effective on or after January 1, 2018 which follows:

- PSAK 2 (Amandemen), Laporan Arus Kas

tentang Prakarsa Pengungkapan - PSAK 2 (Amendment), Statement of Cash

Flows about Disclosure Initiative - PSAK 13 (Amandemen), Properti

Investasi tentang Pengalihan Properti Investasi

- PSAK 13 (Amendment), Transfer of Investment Property

- PSAK 15 (Penyesuaian), Investasi pada Entitas Asosiasi dan Ventura Bersama

- PSAK 15 (Improvement), Investments in Associates and Joint Ventures

- PSAK 16 (Amandemen), Aset Tetap – Agrikultur: Tanaman Produktif

- PSAK 16 (Amendment), Property, Plant and Equipment – Agriculture: Bearer Plants

- PSAK 46 (Amandemen), Pajak Penghasilan tentang Pengakuan Aset Pajak Tangguhan untuk Rugi yang Belum Direalisasi

- PSAK 46 (Amendment), Income Tax: Recognition on Deferred Tax Assets for Unrealized Losses

- PSAK 53 (Amandemen), Pembayaran Berbasis Saham tentang Klasifikasi dan Pengukuran Transaksi Pembayaran Berbasis Saham

- PSAK 53 (Amendment), Classification and Measurement of Share-based Payment Transactions

- PSAK 67 (Penyesuaian), Pengungkapan Kepentingan dalam Entitas Lain

- PSAK 67 (Improvement), Disclosures of Interest in Other Entities

- PSAK 69, Agrikultur - PSAK 69, Agriculture - PSAK 111, Akuntansi Wa'd - PSAK 111, Wa’d Accounting








15

b. Standar yang Telah Diterbitkan Tapi Belum Diterapkan

b. Standards That Have Been Published But Not Yet Applied

Interpretasi standar efektif untuk periode yang dimulai pada atau setelah tanggal 1 Januari 2019, dengan penerapan dini diperkenankan yaitu ISAK 33, Transaksi Valuta Asing dan Imbalan Dimuka.

Interpretation to standard effective for periods beginning on or after January 1, 2019, with early application permitted is ISAK 33, Foreign Currency Transactions and Advance Consideration.

Standar dan amandemen standar berikut efektif untuk periode yang dimulai pada atau setelah tanggal 1 Januari 2020, dengan penerapan dini diperkenankan yaitu:

Standards and amendments to standards effective for periods beginning on or after January 1, 2020, with early application permitted are:

- PSAK 15 (Amandemen), Investasi pada

Entitas Asosiasi dan Ventura Bersama tentang Kepentingan Jangka Panjang pada Entitas Asosiasi dan Ventura Bersama

- PSAK 15 (Amendment), Investments in Associates and Joint Ventures: Long Term Interest in Associate and Joint Ventures

- PSAK 62 (Amandemen), Kontrak Asuransi- Menerapkan PSAK 71: Instrumen Keuangan dengan PSAK 62: Kontrak Asuransi

- PSAK 62 (Amendment), Insurance Contract: Applying PSAK 71: Financial Instruments with PSAK 62: Insurance Contracts

- PSAK 71, Instrumen Keuangan - PSAK 71, Financial Instruments - PSAK 71 (Amandemen), Instrumen

Keuangan tentang Fitur Percepatan Pelunasan dengan Kompensasi Negatif

- PSAK 71 (Amendment), Financial Instruments: Prepayment Features with Negative Compensation

- PSAK 72, Pendapatan dari Kontrak dengan Pelanggan

- PSAK 72, Revenue from Contracts with Customers

- PSAK 73, Sewa - PSAK 73, Leases

Sampai dengan tanggal penerbitan laporan keuangan, dampak dari standar dan interpretasi tersebut terhadap laporan keuangan tidak dapat diketahui atau diestimasi oleh manajemen.

As of the issuance date of the financial statements, the effects of adopting these standards, amendments and interpretation on the financial statements is not known nor reasonably estimable by management.

3. Ikhtisar Kebijakan Akuntansi 3. Summary of Significant Accounting Policies

3.a. Pernyataan Kepatuhan 3.a. Statement of Compliance

Laporan keuangan konsolidasian Grup disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia.

The Group Consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards.








16

3.b. Dasar Penyusunan 3.b. Basis of Preparation Dasar pengukuran dalam penyusunan laporan keuangan konsolidasian, kecuali laporan arus kas konsolidasian adalah dasar akrual. Laporan keuangan konsolidasian disusun berdasarkan biaya historis, kecuali untuk beberapa akun yang dinilai menggunakan dasar pengukuran lain dan dijelaskan dalam kebijakan akuntansi dari akun tersebut. Biaya historis umumnya didasarkan pada nilai wajar dari imbalan yang diberikan dalam pertukaran barang dan jasa. Mata uang penyajian yang digunakan untuk penyusunan laporan keuangan konsolidasian adalah mata uang Rupiah (Rp).

The basis of measurement of the consolidated financial statements are accrual basis, except for consolidated statement of cash flows. The consolidated financial statements have been prepared on the historical cost basis except for certain financial instruments that are measured at fair values at the end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. The reporting currency used in the consolidated financial statements is Rupiah (Rp).

Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan.

The statement of cash flows is prepared based on direct method by classifying cash flows into the operating, investing and financing activities.

3.c. Dasar Konsolidasian 3.c. Basis of Consolidation

Laporan keuangan konsolidasian menggabungkan laporan keuangan Perusahaan dan entitas yang dikendalikan oleh Perusahaan. Pengendalian tercapai dimana Perusahaan memiliki kekuasaan atas investee; eksposur atau hak atas imbal hasil variabel dari keterlibatannya dengan investee; dan kemampuan untuk menggunakan kekuasaannya atas investee untuk mempengaruhi jumlah imbal hasil investor.

The consolidated financial statements incorporate the financial statements of the Company and entities (including structured entities) controlled by the Company and its subsidiaries. Control is achieved where the Company has the power over the investee; is exposed, or has rights, to variable returns from its involvement with the investee; and has the ability to use its power to affect its returns.

Perusahaan menilai kembali apakah entitas tersebut adalah investee jika fakta dan keadaan yang mengindikasikan adanya perubahan terhadap satu atau lebih dari tiga elemen pengendalian yang disebutkan di atas.

The Company reassess whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.








17

Ketika Perusahaan memiliki kurang dari hak suara mayoritas di-investee, ia memiliki kekuasaan atas investee ketika hak suara investor cukup untuk memberinya kemampuan praktis untuk mengarahkan aktivitas relevan secara sepihak. Perusahaan mempertimbangkan seluruh fakta dan keadaan yang relevan dalam menilai apakah hak suara Perusahaan cukup untuk memberikan Perusahaan kekuasaan, termasuk (i) ukuran kepemilikan hak suara Perusahaan relatif terhadap ukuran dan penyebaran kepemilikan pemilik hak suara lain; (ii) hak suara potensial yang dimiliki oleh Perusahaan, pemegang suara lain atau pihak lain; (iii) hak yang timbul dari pengaturan kontraktual lain; dan (iv) setiap fakta dan keadaan tambahan apapun mengindikasikan bahwa Perusahaan memiliki, atau tidak memiliki, kemampuan kini untuk mengarahkan aktivitas yang relevan pada saat keputusan perlu dibuat, termasuk pola suara pemilikan dalam RUPS sebelumnya.

When the Company has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Company considers all relevant facts and circumstances in assessing whether or not the Company’s voting rights in an investee are sufficient to give it power, including (i) the size of the Company’s holding of voting rights relative to the size and dispersion of holding of the other vote holders; (ii) potential voting rights held by the Company, other vote holders or other parties; (iii) rights arising from other contractual arrangements; and (iv) any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings.

Konsolidasi entitas anak dimulai ketika Perusahaan memperoleh pengendalian atas entitas anak dan akan dihentikan ketika Perusahaan kehilangan pengendalian pada entitas anak. Secara khusus, pendapatan dan beban entitas anak diakuisisi atau dijual selama tahun berjalan termasuk dalam laporan laba rugi konsolidasian dan penghasilan komprehensif lain dari tanggal diperolehnya pengendalian Perusahaan sampai tanggal ketika Perusahaan berhenti untuk mengendalikan entitas anak.

Consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ceases when the Company loses control of the subsidiary. Specifically, income and expense of a subsidiary acquired or disposed of during the year are included in the consolidated statement of profit or loss and other comprehensive income from the date the Company gains control until the date when the Company ceases to control the subsidiary.

Laba rugi dan setiap komponen penghasilan komprehensif lain diatsikan kepada pemilik entitas induk dan untuk kepentingan nonpengendali. Perusahaan juga mengatsikan total laba komprehensif entitas anak kepada pemilik entitas induk dan kepentingan nonpengendali meskipun hal tersebut mengakibatkan kepentingan nonpengendali memiliki saldo defisit.

Profit or loss and each component of other comprehensive income are attted to the owners of the Company and to the noncontrolling interest. Total comprehensive income of subsidiaries is attted to the owners of the Company and the non-controlling interest even if this results in the non-controlling interest having a deficit balance.








18

Jika diperlukan, penyesuaian dapat dilakukan terhadap laporan keuangan entitas anak agar kebijakan akuntansi yang digunakan sesuai dengan kebijakan akuntansi yang digunakan oleh Grup.

When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with the Group’s accounting policies.

Seluruh aset dan liabilitas dalam intra kelompok usaha, ekuitas, pendapatan, biaya dan arus kas yang berkaitan dengan transaksi dalam kelompok usaha dieliminasi secara penuh pada saat konsolidasian.

All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation.

Kepentingan nonpengendali pada entitas anak diidentifikasi secara terpisah dan disajikan dalam ekuitas. Kepentingan nonpengendali pemegang saham awalnya diukur baik pada nilai wajar ataupun pada proporsi pemilikan kepentingan nonpengendali dari nilai wajar aset neto yang dapat diidentifikasi dari pihak yang diakuisisi. Pilihan pengukuran dilakukan pada akuisisi dengan dasar akuisisi. Setelah akuisisi, jumlah tercatat kepentingan nonpengendali adalah jumlah kepemilikan pada pengakuan awal ditambah bagian kepentingan nonpengendali dari perubahan selanjutnya dalam ekuitas. Seluruh laba rugi komprehensif diatsikan pada kepentingan nonpengendali bahkan jika hal ini mengakibatkan kepentingan nonpengendali mempunyai saldo defisit.

Non-controlling interests in subsidiaries are identified separately and presented within equity. The interest of non-controlling shareholders maybe initially measured either at fair value or at the non-controlling interests’ proportionate share of the recognized amounts of the fair value of the acquiree’s identifiable net asset. The choice of measurement is made on acquisition by acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus non-controlling interests’ share of subsequent changes in equity. Total comprehensive income of subsidiaries is attted to the owners of the Company and to the non-controlling interests even if this results in the non-controlling interests having deficit balance.

Perubahan dalam bagian kepemilikan Grup pada entitas anak yang tidak mengakibatkan hilangnya pengendalian dicatat sebagai transaksi ekuitas. Nilai tercatat kepentingan Grup dan kepentingan nonpengendali disesuaikan untuk mencerminkan perubahan bagian kepemilikannya atas entitas anak. Setiap perbedaan antara jumlah kepentingan nonpengendali disesuaikan dan nilai wajar imbalan yang diberikan atau diterima diakui secara langsung dalam ekuitas dan diatsikan pada pemilik entitas induk.

Changes in the Group’s ownership interest in existing subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group’s interest and the non-controlling interest are adjusted to reflect the changes in their relative interest in the subsidiaries. Any difference between the amount by which the non-controlling interest are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attted to owners of the Company.

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN INTE

Documents

PT PERINTIS TRINITI PROPERTI Tbk DAN ENTITAS ANAK / AND ...€¦ · pt perintis triniti properti tbk dan entitas anak / and its subsidiaries laporan keuangan konsolidasian interim