135 634 Ar2019eng

Management Discussion & Analysis Corporate Governance Corporate Social Responsibility
Strengthening Business
and Portfolio,
Enhancing
Passenger Experience
PT Angkasa Pura I (Persero)

continues to strive to strengthen
the effort to become one of the
best airport operators in Asia
by strengthening business and
portfolios by building good financial
performance, developing new
airports, improving services, and
applying international standards.
Service quality and facility
innovation at new and existing
airports is a priority to improve the
quality of passenger experience.
Disclaimer
This is the Annual Report of PT Angkasa Pura I due to various risk factors that can hinder the Company’s
(Persero), hereinafter referred to as the “Annual Report”, efforts to realize these statements.
which presents data and information regarding the
performance of management and implementation The readers of this Annual Report can submit questions
of corporate governance for the period of January to or responses, or request more information about PT
December 2019. The use of terms “Angkasa Pura I”, Angkasa Pura I (Persero) through:
“AP I”, or “Company” in the Annual Report refers to PT
Angkasa Pura I (Persero). Awaluddin
Corporate Communication Department
The contents of the Annual Report are compiled based Graha Angkasa Pura I, Kota Baru Bandar Kemayoran
on internal and external data sources and information Blok B12 Kav. 2, Kemayoran, Jakarta Pusat 10610
that are deemed necessary to be known by stakeholders. Phone : (+62) 21 6541 961
In addition to containing historical data and information, Fax : (+62) 21 6541 514
readers of the Annual Report will find several forward- Email : humas@ap1.co.id
looking statements.
For information and complaints, contact 172 or via email
PT Angkasa Pura I (Persero) is carefully presenting cc172@ap1.co.id
forward-looking statements because they contain ideas,
hopes, ideals, goals, or future targets. Although it has
been carefully considered, PT Angkasa Pura I (Persero)
cannot guarantee that future outlook can be achieved

Laporan Tahunan 2019 3
Performance Overview Report f rom the Board of Commissioners Company Prof ile
and the Board of Directors
Theme Correlations
2018
GROWING STEADILY TO ENTER
GLOBAL CLASS STANDARD
PT Angkasa Pura I (Persero) has successfully been

recorded as one among 10 (ten) most fast-growing
airport management companies in Asia. A number
of airports under the Company’s management have
also secured global achievement, including I Gusti
Ngurah Rai International Airport that was awarded
as The Best Airport in Asia Pacific by ASQ and
Airports Council International (ACI), SAMS Sepinggan
International Airport in Balikpapan that was awarded
as the Second World’s Best Airport, and Juanda
International Airport in Surabaya that was awarded as
the Third World’s Best Airport by ACI.
PROUD TO SERVE THE NATION

2017
PT Angkasa Pura I (Persero) keeps on improving
the service quality of its managed airports and
supports government’s programs, specifically
in improving air connectivity and escalating the
foreign tourist visit.
The company has initiated strategies through
terminal service innovation, smart airport
implementation, digitalization of corporate
business process and acceleration in three
strategic airport constructions which belong to
national strategic projects.
4 PT Angkasa Pura I (Persero)

Laporan Tahunan 2019
BUILDING NATIONAL PRIDE THROUGH

2016
THE DEVELOPMENT OF AIRPORT
INFRASTRUCTURE
According the company’s vision “To Become One of

the Top Ten Airport Operators in Asia,” PT Angkasa
Pura I (Persero) restructures the business paradigm
from a mere infrastructure provider into a service
company oriented towards the improvement of
airport users’ safety, security and comfort using
smart airport model. PT Angkasa Pura I (Persero)
also has a role to accelerate the creation of
competitiveness and become the center of regional
development that support the ‘catchment areas’ in
accordance with the toll, sea and air connectivity
integration concepts.
2015
DEVELOPMENT ON HIGH
PERFORMANCE AIRPORT OPERATOR
CORPORATION
In accordance with the road map for the Company’s

Long Term Plan (RJPP) from 2014 to 2018, it
was determined to enhance the performance
through including excelling the implementation
of service and operation excellence, optimizing
the effectiveness and cost efficiency, optimizing
the entire potential synergies both internally and
externally, and accelerating and improving the value
creation of the strategic partnerships.

Kilas Kinerja
Keunggulan Kami
01
Pioneer Company
in Commercial
Airport
Management in
Indonesia
In line with its vision as the world-class airport
management company, PT Angkasa Pura I
(Persero) successfully secured a number of
awards for the airports under its management,
including:
1. The Best Airport in Asia Pacific, for the
category of 5 – 15 million passengers annually
2. Best Companies to Work for in Asia 2019 -
Indonesia Chapter
3. Best State-Owned Enterprise Governance
Award I
Management of
Main Airports on
02
Indonesia’s Central
Business and Tourism
PT Angkasa Pura I (Persero) manages

strategically located airports in business
centers, including Surabaya and
Makassar, and tourism areas, such as
Yogyakarta and Bali.

High Commitment in
The Implementation of
03
World Class Information
and Communication
Technology
PT Angkasa Pura I (Persero) is highly committed

to adopt the worldclass information and
communication technologies (ICT). The
commitment is implemented through the
strategies, including: operation excellence,
revenue safeguarding, ERP enhancement, and
ICT foundation enhancement.
The operation excellence strategy includes the

enhancement of communication technologies
to support the reliable business by implementing the smart airport that is available in 14 (fourteen)
the Airport Operation Control System (AOCS) in airports as an attempt to improve Customer
all of the airports. The Company has innovated Satisfaction Index (CSI).
in the SATU Aplikasi Untuk Prestasi program
by applying the digital office automatization PT Angkasa Pura I (Persero) established its ERP
services called Office Collaboration Platform enhancement through the financial system
(OCP) , Management of Electronic Document integration among the subsidiaries and parent
(TNDE), and AP I e-Learning (APel) to improve the company to produce the accurate and punctual
working productivity and competencies of all the Consolidation Financial Report, SAP development
personnels involved PT Angkasa Pura I (Persero). (BPC and Enterprise Asset Management), and the
integration of Legacy Application with the ERP
The revenue safeguarding strategy includes the Platform via service-bus.
integration of information and communication
technologies (ICT) that relate to the services, such Meanwhile, the ICT enhancement is carried out
as Passenger Service Charge on Ticket System through the standardization of ICT infrastructures
(POTS) and Parking System. PT Angkasa Pura I (LAN, WAN, Communication, Wi-Fi, and Servers),
(Persero) had provided a free Wi-Fi service with ICT Governance, and Human Resources fulfillment
up to 100 MB per access point in bandwidth related to certification, training, and number).
and Angkasa Pura Airport Mobile Apps that is
available on Apple App Store and Google Play
through personalized service. The provision of the
technologies implies the initial implementation of

04
High Commitment to
The Implementation
of Safety, Security,
and Service Through
Compliance (3S1C)
PT Angkasa Pura Persero I (Persero) is
highly committed to apply the principles
of Safety, Security, and Service through
Compliance (3S+1C). The program is targeted
to implement the reliable services that
prioritize safety, comfort, and smoothness.
It emphasizes the reinforcement of service
compliance based on its rights and duties.
PT Angkasa Pura I (Persero) has applied the
program at its gates, parking lots, and public
places in the airports.
The company has adopted 3S1C beyond

regulation. In addition to the regulation
compliance, the Company has held the
activities related to the enhancement of
airport safety by referring to the international
standard. The 3S1C implementation was
proven by the attainment of Airport Service
Quality (ASQ) score from ACI that reached
above 4.5 for 4 (four) airports in 2018, in
addition to the Corporate Satisfaction Index

(CSI) score from INACA that reached above 4 for AIRPORT SAFETY
13 (thirteen) airports. The Company also secured Ensuring the safety level and service quality
a number of certifications in providing the through the effective safety management
operational excellence and service excellence, system, occupational safety health, and quality
including ISO 14001:2015, ISO 9001:2015, Airport management to reach the target of Customer
Excellence in Safety, OHSAS 18001:2007, and ISO Satisfaction lndex (CSl).
31000.
AIRPORT FACILITIES AND
The implementation of 3S+1C beyond regulation MAINTENANCE
involved a number of management divisions of PT Ensuring the quality of all the airport facilities,
Angkasa Pura I (Persero) with the following duty including the air side, land side, landscape, and
and responsibility: terminal building managed by the Company to
reach the target of Customer Satisfaction lndex
AIRPORT COMPLIANCE AND RISK (CSI).
MANAGEMENT
Ensuring the Company’s business processes take AIRPORT EQUIPMENT
place with a manageable level of risk through Ensuring the operational readiness for all the
the process of risk management and ensuring airport equipments managed by the Company to
the availability of the corporate strategic plan reach the target of Customer Satisfaction lndex
formulation through business analysis and study, (CSI).
monitoring and performance evaluation of PT
Angkasa Pura I (Persero). This is to support the AIRPORT SERVICES AND
achievement work targets in accordance with the HOSPITALITY
Work Plan and Corporate Budget (RKAP). Ensuring effective airport services and hospitality
services through improving the quality and
AIRPORT PLANNING reliability of human resources to support the
Ensuring the availability of data related to airport improvement of the field of service and quality
statistics, airport master plan, and environment assurance, as well as the achievement of
through business analysis and studies to support Customer Satisfaction Index (CSI) of all airports
the achievement of PT Angkasa Pura I (Persero) in accordance with national and international
‘s strategy in accordance with the policies and regulatory standards.
regulations set by the regulator.
AIRPORT SECURITY
Ensuring an effective airport security through
the quality improvement and Human Resource
reliability to reach the target of Customer
Satisfaction Index (CSI) for all the airports based
on the national and international standard.

05
PT Angkasa Pura I (Persero) through several
Partnership and Environment Development
Programs (PKBL) also contributed positively to
maintaining the environment both around the
Positive airport in the airport and outside the airport area.

The periodic report on Environmental Impact
Contribution for the Analysis (AMDAL) and other environmental
Living Environment management reports is also submitted as one of

Key Performance Indicator (KPI) for all airports.
PT Angkasa Pura I (Persero) consistency to
implement the green corporation, is proven by
the number of secured certifications related
to environmental management, such as ISO
14001:2015, green building certification from
Green Building Council Indonesia, and Airport
Carbon Accreditation (ACA) from Airports Council
International (ACI).

Table of Content
Theme 128 Company Group Structure
Theme Correlations 129 Awards and Certification
13 Performance Overview 146 Management Education and Training
13 Overview of 2019 Business Performance 165 Access of Information and Company’s Data
14 Overview of Important Financial Data 166 Name and Addresses of Head Offices,
Subsidiaries, Associates, Foundations and
20 Share Price and Bonds Information
Branch Offices
21 Bonds, Sukuk, or Conversion Bonds
Information
25 The Board of Commissioners Report
29 The Board of Directors Report
170 Management Discussions and Analysis

172 Macroeconomic and Industry Overview
177 Operational Performance Review
34 Company Profile
182 Marketing Aspect
36 Brief Profile
188 Performance Per Operating Segment
38 Company Brand
198 Financial Review
39 A Brief History of The Company

234 Capital Structure
42 Milestones
235 Material Commitment Related to Investment
of Capital Goods
45 2019 Significant Events
236 Realization of Investment of Capital Goods
49 Vision, Mission, and Corporate Culture
236 Material Information on Investment,
51 Business Activities Expansion, Divestment, Acquisition, Or Debt
and Capital Restructuring
61 Innovation and Enterpreneurship
238 Achievement of Targets and Future Targets
66 Organizational Structure
245 Material Information and Facts After Date of
68 Profile of Board of Commissioners
Accounting Statements
74 Profile of Board of Directors
24‫ו‬ Policies, Announcement and Payment of
82 Profile of Executive Officers Dividens
95 Human Resources Management 24‫ז‬ Stock Ownership Program
101 Shareholder Composition 24‫ח‬ Realization of the Use of Proceeds From

Public Offering
102 Subsidiaries, Associated Entities and
Foundations 25‫ב‬ Material Information Containing Conflict of
Interest and/or Transaction with Affiliated
116 Chronological Issuance of Shares Parties
124 Chronology of Issuance and Listing of Other Information on Business Continuity
25‫ג‬
Securities
25‫ג‬ Tax Disclosure
126 Name and Address of Supporting Agency/
Profession 25‫ה‬ Performance of Subsidiaries

26‫ב‬
‫ב‬ Corporate Governance 406 CORPORATE SOCIAL AND ENVIRONMENTAL
RESPONSIBILITY
26‫ג‬ Governance Framework and Structure
40‫ז‬ Governance of Corporate Social Responsibility
26‫ה‬ General Meeting of Shareholders
41‫ג‬ Fair Operating Practices
29‫ב‬ Board of Commissioners
41‫ו‬ Upholding Human Rights
30‫ח‬ Board of Directors
4‫׎א‬ Environment
3‫׎ב‬ Diversity of Board of Commissioners and
Board of Directors 42‫ד‬ Employment
33‫א‬ GCG Assessment 43‫א‬ Consumers
33‫ה‬ Remuneration Policy of the Board of 45‫ה‬ Social and Community Development
Commissioners and Board of Directors
3‫׎ג‬ Disclosure of Shareholders
472 OJK Reference No. 29/POJK.04/2016
3‫׏ג‬ Affiliate Relationship
485 Annual Report Award Criteria
34‫ב‬ Secretary of the Board of Commissioners
34‫ג‬ Audit Committee
t
35‫ב‬ Business Risk and Good Corporate
Governance Committee
36‫ד‬ Nomination and Remuneration Committee t
36‫ו‬ Corporate Secretary

3‫׎ו‬ Internal Audit Committee
37‫ו‬ Risk Management Committee
37‫ח‬ Risk Management
38‫ב‬ Internal Management System
38‫ו‬ Public Accountant
38‫ח‬ Important Matters
39‫ב‬ Administratif Sanction
39‫ב‬ Code of Conduct
39‫ה‬ Whistleblowing System
‫׏׎ג‬ Execution of the Implementation of

the Aspects and Principles of Corporate
Governance According to OJK’s Regulations

Overview of 2019 Business Performance

Aeronautical Non-Aeronautical Net Profit of The Year
Revenue Revenue
2.69% 7.28% 27.6%

to to to
IDR4.98 trillion IDR3.66 trillion IDR1.45 trillion
Total Airport Landing, Parking, and Aircraft Passenger

Aset Hangar Services (PJP4AU) Services (PJP2U)
35% 14.7% 18.4%

to to to
IDR42.7 trillion 25 million tons 35.8 million pax

Overview of Important Financial Data

Financial Summary
Financial Summary (in millions of Rupiah)
Description 2019 2018 2017 2016 2015
CONSOLIDATED FINANCIAL POSITION STATEMENT
ASSETS
CURRENT ASSETS
Cash 5,510,904 3,149,114 4,146,086 4,896,215 1,746,273
Short-term Investment 665,862 478,107 407,156 295,241 216,447
Accounts receivable 527,767 509,909 520,295 482,770 571,171
Other receivables 83,344 39,712 19,053 12,445 128,562
Inventories 69,404 84,808 68,668 40,617 36,359
Advances and prepaid expenses 139,960 159,381 72,003 63,696 23,978
Accrued income 291,022 298,444 225,606 201,227 208,419
Prepaid taxes 840,958 367,865 105,569 82,242 150,836
Other current assets 64,277 28,267 13,396 10,249 8,076
Total Current Assets 8,190,498 5,115,606 5,557,832 6,084,701 3,090,122
NON-CURRENT ASSETS
Estimated Tax Bill 112,711 - - - -
Deffered tax assets 48,495 41,158 83,863 302 1,413
Long-term receivables 89 504 1,514 700 -
Non-current advances and 12,665 34,322 52,741 78,217 -
prepaid expense 109,819 100,662 86,642 96,129 129,660
Bond 25,347 13,361 - 7,455 37,340
Investments in shares of associates 84,472 87,301 86,300 88,333 91,978
Joint operation - - 86,642 342 342
Investment property 128,888 127,065 247,036 200,785 149,845
Fixed assets 34,127,911 26,139,593 18,627,786 17,155,509 13,304,090
Intangible assets 43,466 42,322 48,998 44,244 45,373
Other non-current assets 12,097 7,074 6,227 6,358 1,835
Other assets - - - - 1,490,586
TOTAL NON-CURRENT ASSETS 34,596,053 16,493,309 19,154,808 17,582,245 13,632,216
TOTAL ASSETS 42,786,551 31,608,916 24,732,641 23,666,946 16,722,337

Description 2019 2018 2017 2016 2015
LIABILITY AND EQUITY
CURRENT LIABILITIES
Accrued expenses 1,322,288 1,412,039 1,379,558 879.355 599,103
Trade payables 314,867 689,341 250,777 1,591,610 692,672
Non-trade payables 403,363 10,580 1,553 16,626 53,771
Unearned revenues 128,332 147.263 97,658 87,481 88,640
Tax payables 425,502 393,236 267,746 138,441 169,635
Short-term part of long-term debt 158,011 941,998 644,220 749,480 590,1569
Current part of leasing debt - - - 3,671 2,611
Other payables 2,889,176 1,787,220 1,230,630 505,126 518,323
TOTAL CURRENT LIABILITIES 6,180,789 7,614,989 3,948,861 3,871,792 2,704,914
LONG TERM LIABILITY
Long-term bank loans 16,724,208 5.385,997 3,665,694 4,304,115 2,474,585
Debt guarantee 287,018 - - 49,448 37,081
Bonds payable and sukuk ijarah 2,994,896 2,993,701 2,992,475 2,991,310 -
Financial lease - - - 4,617 8,651
Other long-term debt 101,953 170,529 174,905 167,636 121,216
Post-employment benefits liability 437,293 302,395 549,244 329,980 346,841
Deferred tax liabilities 79,886 89,080 - - -
Total Long-Term Liability 20,625,255 8,941,701 7,382,318 7,797,657 2,988,373
TOTAL LIABILITIES 26,806,043 16,556,690 11,650,349 11,669,449 5,693,287
EQUITY
Shares capital 6,414,412 6,414,412 6,414,412 6,414,412 6,414,412
Other paid-up capital:
The government capital investment 22,963 22,963 255,097 255,097 -
Undetemined status of government

- - - 255,097
contribution
Fixed navigation assets diversion:
Book value of fixed assets navigation (37,005) (37,005) (269,138) (269,138) (269,138)

Description 2019 2018 2017 2016 2015
Accumulated depreciation of navigation

408,393 408,393 408.393 408,393 408,393
fixed assets from BPYBDS:
Other comprehensive income:
Unrealized profit on securities 68,044 55,751 58,521 40,144 24,016
Profit (loss) actuarial employee

(130,080) (48,987) 110,823 (93,019) (54,229)
benefits
Retained Earning:
Appropriated 7,774,022 6,228,618 5,093,757 4,080,412 3,407,178
Unappropriated 1,451,360 2,007,018 1,418,577 1,158,800 841,543
Non-controlling interests 5,498 4,863 6,298 2,395 1,778
TOTAL EQUITY 15,980,508 15,052,225 13,401,461 11,997,497 11,029,049
TOTAL EQUITY AND LIABILITY 42,786,551 31,608,917 25,051,810 23,666,946 16,722,337
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
OPERATING REVENUES
Revenues of aeronautics 4,975,936 5,113,648 4,525,855 3,612,288 3,155,237
Revenues of non-aeronautics 3,655,610 3,407,439 2,668,492 2,525,984 2,094393
TOTAL OPERATING REVENUES 8,631,546 8,521,087 7,194,347 6,138,272 5,249,630
OPERATIONAL EXPENSES 5,937,866 5,762,646 5,206,917 4,488,862 3,955,670
OPERATING PROFIT 2,693,680 2,916,795 1,974,492 1,649,409 1,293,960
NON-OPERATING INCOME (EXPENSES) 670,896 (93,733) (81,489) (14,557) (211,217)
INCOME BEFORE THE ESTIMATION OF

2,022,784 2,694,934 1,789,497 1,508,853 1,082,742
INCOME TAX
INCOME TAX 570,557 689,016 369,144 349,276 240,769
CURRENT YEAR INCOME 1,452,227 2,005,918 1,420,353 1,159,577 841,973
OTHER COMPREHENSIVE INCOME
Unrealized profit (loss) on

12,293 (2,770) 18,377 16,128 (20,816)
securities investment
Actuarial profit (loss) on post

(80,524) (66,783) 110.824 (38,790) (98,962)
employment benefits
Actuarial profit (loss) on associated

(2,466) (1,551)
entities
CURRENT YEAR COMPREHENSIVE

1,381,530 1,934,254 1,547,292 1,136,916 722,195
PROFIT

Description 2019 2018 2017 2016 2015
CURRENT YEAR PROFITS THAT CAN BE ATTRIBUTED TO:
Owner of the parent entity 1,451,360 2,007,018 1,418,577 1,158,800 841,543
Non-controlling interests 867 (1,100) 1,776 777 430
TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE YEAR THAT CAN BE ATTRIBUTED TO:
Owner of the parent entity 1,380,673 1,935,914 1,545,517 1,136,139 721,765
Non-controlling interests 857 (1,100) 1,776 777 430
Basic Earnings Per Share (Full Number) 226,265 312,892 221,155 181,000 131,000
CONSOLIDATED CASH FLOWS
Net cash flows obtained from operating

1,549,272 3,028,461 1,479,078 2,061,396 802,663
activities
Net cash flows obtained from

(9,795,788) (5,852,267) (1,712,941) (3,710,543) (1,260,227)
investment activities
Net cash flows obtained from funding

10,581,807 1,773,067 (481,794) 4,811,652 705,990
activities
NET REDUCTION AND CASH

2,361,790 (996,972) (750,129) 3,162,504 248,425
EQUIVALENTS
Effect of foreign exchange differences 26,499 53,767 (34,472) (12,562) 145,587
CASH AND CASH EQUIVALENTS AT THE

3,149,114 4,146,086 4,896,215 1,746,272 1,352,260
BEGINNING OF THE YEAR
CASH AND CASH EQUIVALENTS AT THE

5,510,904 3,149,114 4,146,086 4,896,215 1,746,273
END OF THE YEAR
FINANCIAL RATIO
RENTABILITY*
Operating profit ratio 31.21% 34.23% 27.45% 26.87% 24.65%
Profit against assets ratio 6.30% 6.35% 4.49% 4.90% 5.04%
Operating expense ratio 69.08% 68.77% 71.94% 73.13% 75.35%
Profit to equity ratio 57.77% 13.33% 10.60% 9.67% 7.63%
Profit to income ratio 16.21% 23.54 19.74% 18.89% 16.04%
LIQUIDITY
Current Ratio 132.52% 67.18% 141.25% 157.15% 114.24%
Cash Ratio 99.93% 41.35% 104.99% 126.46% 64.56%

Description 2019 2018 2017 2016 2015
SOLVABILITY**
Debt to asset ratio 62.65% 52.38% 45.81% 49.31% 34.05%
Debt to capital ratio 167.74% 109.99% 84.55% 97.27% 51.62%
Debt to fixed asset ratio 77.48% 63.34% 60.83% 67.23% 42.32%
Note:
* Profit (loss) referred to in the calculation of profitability ratios ie profit (loss) for the current year attributable to the
owner of the parent entity
** Liabilities referred to in the calculation of solvency ratios which include deferred tax liabilities and post employment
benefits
Operational Summary
Aeronautics Segment Operational Table (in millions of Rupiah)
Product Unit 2019 2018 2017 2016 2015
Landing Services, Plane

Placement and Storage Ton 25,016,634 28,681,347 28,098,099 27,956,662 25,572,859
(PJP4AU)
Aircraft Passenger
Pax 35,755,591 42,349,974 40,078,358 38,021,607 33,016,975
Services (PJP2U)
Usage of Aviobridge Ton 28,302,004 30,253,959 28,166,989 28,055,433 26,445,957
Use of Counter Pax 35,640,003 42,242,630 39,906,428 38,069,196 37,555,129
Baggage Handling Pax 528* 979,580 5,699,259 7,409,001 7,088,941
Note:
* BHS / HBS tariff components have been included in the Aircraft Passenger Services (PJP2U) tariff component
Operational Performance Table for Non-Airport Segments (Non-Aeronautics) (in millions of Rupiah)
Product Unit 2019 2018 2017 2016 2015
Rent M² x Month 9,488,436 7,490,291 8,542,321 12,191,641 6,225,618
Concession Rp/000 26,023,806,416 27,881,233,723 9,570,569,203 7,959,339,881 5,821,685,310
Car park Sheet 28,264,917 33,371,374 29,096,030 25,970943 22,669,408
Motorcylce
Sheet 10,455,258 11,232,860 9,762,063 9,540,777 7,322,029
parking
Platform and
Waving Sheet 50,597 - - - 402,301
Gallery
Electricity
Kwh 43,807,615 52,675,053 45,850,618 41,971,642 29,151,481
Usage
Water Use M³ 626,363 525,845 495,704 387,203 264,063

Operational Performance Table for Non-Airport Segments (Non-Aeronautics) (in millions of Rupiah)
Product Unit 2019 2018 2017 2016 2015
Pwt x
Telephone Use 18,423 20,702 21,391 20,432 16,511
Month
Internet
Kilobyte 1,228 994 854 829 445,466
Services
Billboard Rent M² x Month 76,674 31,860 20,768 36,240 58,24
Event
EA 9,971 3,679 7,650 2,111 1,265
Promotion
Lounge Pax 197,788 295,891 575,135 772,953 716,962
Konsesi General
Aviation
Rp/000 - - 15.111.387 22.927.769 23.932.072
Terminal (GAT)
Concession
Maintenance
EA 5,474 13,711 21,426 44,670 4,146
and Service Fee
Warehousing Kg 91,179,716 86,754,808 238,361,160 96,201,465 64,600,511

Share Price and Bonds Information

Shares Information
1. Shares
As of 31 December 2019, PT Angkasa Pura I (Persero) does not hold a public company status and has
not listed any of their shares on the stock exchange. Thus, this Annual Report does not contain data
and information in the last 2 (two) financial years regarding the total price shares, market capitalization,
highest share price, lowest stock price, closing stock price, and trading volume on the stock exchange.
2. Corporate Action
Throughout 2019, there were no corporate actions carried out by PT Angkaas Pura I (Persero), such
as stock split, reverse stock, stock dividends, bonus shares, and changes in the nominal value of
shares. Therefore, this Annual Report does not present data and information regarding the date of the
implementation of corporate actions, stock split ratio, reverse stock ratio, stock dividend ratio, bonus
stock ratio, and changes in stock value, as well as share prices before and after corporate actions.
3. Temporary Action of Stock Trading (Suspension) and Elimination of Shares Registration (Delisting)
Until the end of this reporting period, PT Angkasa Pura I (Persero) had never traded its shares on the
stock exchange. Therefore, this Annual Report does not contain data and information regarding the
suspension of trading (suspension) and/or delisting of shares (delisting) along with an explanation
of the reasons, and actions taken by the Company to resolve the suspension of trading of stocks
(suspension) and/or delisting of said shares.

Bonds, Sukuk, or Conversion Bonds Information
1. Bonds Informations
As of the end of 2019, PT Angkasa Pura I (Persero) had bonds listed on the Indonesia Stock Exchange
on November 23, 2016 for a period of five, seven and ten years. PT Angkasa Pura I (Persero) I appointed
PT Bank Mega, Tbk. as trustee for all the bonds. The following table presents data and information
regarding PT Angkasa Pura I (Persero) bonds which are still outstanding as of December 31, 2019.
PT Angkasa Pura I (Persero) Outstanding Bonds as of December 31, 2019
Bond I Angkasa Pura I Year 2016 A Series
Stock Exchange Electronic Distribution Interest Rate

22 November 2016 8.10%
Stock Exchange Registration Date Payment Status

23 November 2016 Not yet paid off
Tenure Rank
5 years
2019 2018
Currency
Rp
idAAA idAAA
Total Bonds (billion) Trusted Agent

622 PT Bank Mega,Tbk
Maturity Date
22 November 2021

Bond I Angkasa Pura I Year 2016 B Series

22 November 2016 8.40%

Tenure Rank
7 years
2019 2018
Currency
Rp
idAAA idAAA

389 PT Bank Mega,Tbk
Maturity Date
22 November 2023
Bond I Angkasa Pura I Year 2016 C Series

22 November 2016 8.55%

Tenure Rank
10 years
2019 2018
Currency
Rp
idAAA idAAA

1,489 PT Bank Mega,Tbk
Maturity Date
22 November 2023

2. Sukuk Information
The issuance of Sukuk was carried out by PT Angkasa Pura I (Persero) on November 22, 2016 with tenors
of five, seven and ten years. Currently, all Sukuk are still circulating in the community with a total Sukuk of
IDR500 billion. The table on the status of Sukuk PT Angkasa Pura I (Persero_ as of 31 December 2019 can
be seen as follows.
PT Angkasa Pura I (Persero) Outstanding Sukuk as of December 31, 2019
Sukuk Ijarah A Series
Stock Exchange Electronic Interest Rate

22 November 2016 21,708

Tenure Rank
5 years
2019 2018
Currency
Rp
idAAA(sy) idAAA(sy)

268 PT Bank Mega Tbk.
Maturity Date
22 November 2021

3. Informasi Obligasi Konversi

As of December 31, 2019, PT Angkasa Pura I (Persero) had not yet issued convertible bonds, therefore
this Annual Report does not contain data and information regarding convertible bonds that are still
outstanding in society.
Sukuk Ijarah B Series

22 November 2016 4,620

Tenor Rank
7 years
2019 2018
Currency
Rp
idAAA(sy) idAAA(sy)

55 PT Bank Mega,Tbk
Maturity Date
22 November 2023
Sukuk Ijarah C Series

22 November 2016 15,133

Tenor Rank
10 years
2019 2018
Currency
Rp
idAAA(sy) idAAA(sy)

55 PT Bank Mega,Tbk
Maturity Date
22 November 2026

The Board of Commissioners’ Report
Dear respected stakeholders

of PT Angkasa Pura I (Persero),
PT Angkasa Pura I (Persero) publishes

the Annual Report every year as
its commitment to implementing
good corporate governance (GCG).
This section is an introduction from
the Board of Commissioners to
the Annual Report for the period
of January 1 to December 31, 2019,
with the theme of “Strengthening
Business and Portfolio”.
Djoko Sasono
President Commissioner

Assessment of Company Management and Performance of the

Board of Directors
The Board of Commissioners appreciated to developments, the fixed assets of PT Angkasa
the Board of Directors for various policies and Pura I (Persero) increased from Rp 26.1 trillion in
leadership to continue to improve the financial 2018 to Rp 34.1 trillion in 2019. Both airport projects
and operational performance of PT Angkasa Pura have been funded through bonds, sukuk and
I (Persero). In 2019, despite various challenges, the bank loans.
satisfactory performance achieved indicates that
the Board of Directors has carried out its duties and In terms of operational and financial performance,
responsibilities well in managing the company. PT Angkasa Pura I (Persero) recorded a growth in
operating revenue from Rp 8.5 trillion in 2018 to
PT Angkasa Pura I (Persero) has completed the Rp 8.6 trillion in 2019. Even though revenues from
Construction Project of Yogyakarta International the aeronautical segment experienced a decline,
Airport in Kulon Progo and the Development revenues from the non-aeronautical segment
Project of New Terminal of Syamsudin Noor was able to offset the decrease. The Board of
Airport in Banjarmasin. Yogyakarta International Commissioners considered that this strategy
Airport in Kulon Progo commenced operations was highly appropriate in the midst of changes
on May 6, 2019. Further, the new Terminal of in the behavior of current aviation service users
Syamsudin Noor Airport in Banjarmasin was who prioritize safety, comfort and excellence in
inaugurated by the President of the Republic of customer experience.
Indonesia on December 18, 2019. In line with these
Supervision of Strategy Implementation
Currently, PT Angkasa Pura I (Persero) set a new One effort of PT Angkasa Pura I (Persero) to manage
vision of the company to “going global and network performance on service excellence was by measuring
minded” and highlight Indonesian culture as the the customer satisfaction index (CSI). In 2019, PT Angkasa
strength of operational service in airports managed Pura I (Persero) achieved a CSI score of 4.48 from a scale
by the Company. The Board of Commissioners of 5.00. Further, in terms of revenue enhancement, the
appreciates the Vision of ‘Connecting the World Company managed to increase its non-aeronautical
Beyond Airports Operator with Indonesian revenues from Rp 3.4 trillion in 2018 to Rp 3.6 trillion in
Experience’ dedicated to make PT Angkasa Pura I 2019. This increase was able to compensate for negative
(Persero) airports to be “more serving”. growth in aeronautical revenues from Rp 5.1 trillion in
2018 to Rp 4.9 trillion in 2019.
To achieve this goal, PT Angkasa Pura I (Persero) has
established four ‘winning strategies’, namely service In line with the change in global business practices
excellence and compliance, revenue enhancement, that are becoming more environmentally friendly,
cost and risk management, and socioeconomically PT Angkasa Pura I (Persero) has implemented the
responsible green corporation. Throughout 2019, the socioeconomically responsible green corporation
Board of Commissioners continuously supervised strategy through the eco-airport initiative,
and communicated with the Board of Directors on community empowerment and green corporation
the implementation of the corporate strategy. In programs. Several airports of PT Angkasa Pura
general, the Board of Commissioners considered I (Persero) have been ‘Greenship’ certified by
that the implementation of strategy of PT Angkasa the Green Building Council Indonesia (GBCI),
Pura I (Persero) has been right on target and proved namely Jenderal Ahmad Yani Airport – Semarang,
to be effective, although further improvement is Yogyakarta International Airport – Kulon Progo and
needed. I Gusti Ngurah Rai Airport – Bali.

Assessment of Business Prospect

In the medium and long term, the Board of In line with the dynamics of the airport industry
Commissioners remains optimistic about the and changes in consumer behavior, the Board of
business prospects of PT Angkasa Pura I (Persero), Commissioners realized that the non-aeronautical
despite the generally negative growth in aircraft, segment in the airports business is as important
domestic air passenger and cargo movements in as the aeronautical segment. Currently, passengers
2019. On the other hand, the increase in international as airport service users are looking for comfort and
air passenger and cargo movements by 7.55% for safety as well as a variety of facilities while traveling.
the year also showed the good potential of the Therefore, the Board of Commissioners believes
global air transportation industry. Moreover, the that the non-aeronautical business activities have
Asia Pacific region is expected to contribute 42.8% considerable business prospects. Some of these
to global growth of the air transportation industry. include room and hangar rental service, concession,
parking facility, utilities, advertising service, event
and lounge.
Views on the Implementation of Corporate Governance
Furthermore, the Board of Commissioners has a I (Persero)’s GCG score in 2019 was 91.58 in the
positive view on the implementation of corporate category of “Very Good”. This score was higher
governance at PT Angkasa Pura I (Persero). In 2019, than the GCG assessment score in the previous
the Company appointed PT Sierra Bisnis Konsulting year of 91.34. While the GCG performance is highly
to conduct a GCG assessment for performance in satisfying, the Board of Commissioners still hopes
Financial Year of 2018. In general, the assessment that the Board of Directors will continue to maintain
showed encouraging results. PT Angkasa Pura and improve the performance of GCG in the future.
Advisory Duty to the Board of Directors
In accordance with its duties and responsibilities, In 2019, the Board of Commissioners held 12
the Board of Commissioners is responsible for meetings with the Board of Directors. At least six
supervising the Company’s administration. To that Board of Commissioners decrees and important
end, the Board of Commissioners has provided recommendations for the Board of Directors
advice and recommendations to the Board of were issued. Some of topics discussed included
Directors regarding the operations of PT Angkasa the dismissal and appointment of the chairman
Pura I (Persero) throughout 2019. The formal and members of the Audit Committee, as well as
mechanism for providing advice was through adjustments to governance guidelines. The Board of
meetings between the Board of Commissioners Commissioners highly appreciated the appropriate
and the Board of Directors, which is conducted at follow-ups carried out by the Board of Directors on
least once every month to discuss a predetermined the decrees and recommendations issued.
agenda.

Views on the Implementation/Management of Whistle-Blowing

System
Implementation of the Whistle Blowing System mechanism that has been implemented at the
(WBS) is an attempt of PT Angkasa Pura I (Persero) Company. Until the end of 2019, no complaints were
to carry out good corporate governance effectively. received through the WBS that required following
The Board of Commissioners appreciated the WBS up, as was the case for the last three years.
Changes in the Composition of Board of Commissioners
In 2019, the Main and Controlling Shareholder Djoko Sasono President Commissioner
did not change the composition of the Board of Harry Z Soeratin Commissioner
Commissioners of PT Angkasa Pura I (Persero). The Suprasetyo Commissioner
composition of the Board of Commissioners per 31 Ali Mochtar Ngabalin Commissioner
December 2019 is as follows: Tri Budi Satriyo Commissioner
Closing
On this occasion, the Board of Commissioners would We also convey our appreciation to passengers
like express its highest appreciation to members of and users of aviation and airport services, as well
the Board of Directors, management, employees as the wider community, the media and other
and all business partners who have made stakeholders, for their tangible support to PT
extraordinary contributions to the sustainability and Angkasa Pura I (Persero). Through good cooperation
growth of PT Angkasa Pura I (Persero). In addition, and support from various parties, we hope that the
we thank the Government, especially the Ministry Company’s efforts to strengthen its business and
of State-Owned Enterprises as the Main and portfolio will continue to produce excellent results
Controlling Shareholder for the direction and trust in the future.
given to PT Angkasa Pura I (Persero).
Jakarta, 23 April 2020,
Djoko Sasono

The Board of Directors’ Report
Dear Respected Readers of

the Annual Report,
In general, PT Angkasa Pura I
(Persero) and its subsidiaries have
successfully passed 2019 by posting
a good performance. In the midst
of various challenges and declining
growth in the air transportation
industry, the Company has
continued to strive to become one
of the best airport operators in Asia
by strengthening its business and
portfolio.
Faik Fahmi
President Director

Review of Political, Economic And Industry Conditions

In 2019, the global economy was still affected by the On the other hand, for the aviation industry sector
trade war between the United States and China, 2019 was a challenging year, especially for the airport
even though the strain was much lower than the industry sub-sector. The International Air Transport
previous year. With respect to the macro economy, Association (IATA) recorded a slowdown in global air
the exchange rate of the Rupiah against the US passenger growth compared to the previous year.
Dollar (US$) was relatively stable throughout 2019, Several factors that affected the sector include the
with the Bank Indonesia exchange rate closing at completion of land infrastructure projects as well
Rp 13,970 per US$ per 31 December 2019. as the policies of national airlines on airfares and
services, leading to a decline in domestic passenger
On the domestic front, 2019 was a political year traffic.
where Indonesia successfully held the general
elections (Pemilu) without major incidents and with In 2019, traffic at airports managed by PT Angkasa
a change in cabinet which took place in a safe and Pura I (Persero) was recorded at 81.5 million air
controlled manner. The national economy managed passenger movements. This number decreased
to record a growth of 5.02%, although experiencing by 15.64% compared to passenger movements in
a lower growth than the previous year of 5.17%. 2018 of 96.6 million. However, despite this situation,
Under these conditions, PT Angkasa Pura I (Persero) PT Angkasa Pura I (Persero) continuously strived to
underwent a year of political and economic turmoil maintain airport service standards through airport
that was more conducive than previously predicted. development and by creating service innovations.
Analysis of Corporate Performance
The consolidated financial performance of PT PT Angkasa Pura I (Persero) sought to increase

Angkasa Pura I (Persero) and its subsidiaries in 2019 profitability, especially in non-aeronautical
was very good, with total revenues of Rp 9.04 trillion. services. This was reflected in the increase in non-
Overall, revenues from business activities increased aeronautical revenues by 7.28%, from Rp 3.4 trillion
by Rp 110 billion or 1.3%, from Rp 8.52 trillion in 2018 in 2018 to Rp 3.7 trillion in 2019. These Efforts were
to Rp 8.63 trillion in 2019. made to compensate for negative growth in
aeronautical revenues by 3.9%, which was recorded
to have decreased from Rp 5.1 trillion in 2018 to Rp
4.9 trillion in 2019.
Strategic Work Programs
The strategic programs of PT Angkasa Pura I existing opportunities. Through good financial
(Persero) are designed to anticipate volatility in performance, the capacity to develop airports
economic outlook and the aviation industry, as well will increase, thus bringing a corresponding
as to identify existing problems and opportunities. impact on services. In 2019, PT Angkasa Pura
The strategic programs consist of the following: I (Persero) managed financial risks due to
1. Building Strong Financial Performance reduced air traffic by maximizing on non-
PT Angkasa Pura I (Persero) endeavored to aeronautical revenues.
maintain financial performance by maximizing

2. Rapid International Airport Development and customer satisfaction. The achievement

The construction and development of new of various awards in the service sector is a
airports were carried out to expeditiously manifestation of the Company’s commitment
resolve the lack of capacity problem. This also to provide the best and international standard
aimed to anticipate potential passenger traffic facilities and services.
growth in the future. Airport construction was 4. Gaining National and International Recognition
planned to be completed in a shorter time than As one of the best SOEs, PT Angkasa Pura I
expected by taking into account the quality of (Persero) continues to develop international-
facilities and other service aspects. class airports and strives to maintain
3. Improving Customer Service Excellence international standards in operational, security,
Airports are no longer simply a place for boarding service and financial aspects. This is reflected in
and alighting of passengers from airplanes, the various international standard awards and
but also act as provider of prime services certifications received in 2019, including four
for passengers. PT Angkasa Pura I (Persero) awards from the Airport Council International
ensures service quality improvement through (ACI) for Sultan Aji Muhammad Sulaiman
the application of technology (digitalization) Sepinggan Airport (SAMS) Balikpapan at the
at its airports. Facilities such as the airport Airport Service Quality (ASQ) Awards 2018, and
operation control center (AOCC) and auto “The Best Airport of The Year 2019” award for I
handling system are operated by the Company Gusti Ngurah Rai Airport, Bali at the Airport
with the aim of improving service efficiency Awards 2019 event.
Achievements of Targets and Constraints Faced
Overall, PT Angkasa Pura I (Persero) indicated good Several projects were completed in 2019, including
financial performance although it cannot meet development of New Terminal of Syamsudin Noor
the 2019 target. Despite the decline in profit, the Airport in Banjarmasin, and the construction of
company’s revenue and assets have increased. the New Yogyakarta International Airport in Kulon
This was because airlines have reduced their flight Progo.
capacity in several domestic destinations and
diverted their flight routes in 2019. As a result, the The completion of several airport projects in 2019 was
passengers were affected because the reduced faster than the target. The Yogyakarta International
number of flights caused an increase in airfares. Airport was completed in 20 months, faster than
the target of two years. Further, development of
In addition to reduction in passenger traffic, another the west side apron of I Gusti Ngurah Rai Airport
constraint faced by the Company was the lack of in Bali was completed in six months, much faster
capacity at ten airports. So far, passenger growth than estimated time of two years. The Government
has exceeded the capacity of existing airports. PT appreciated the company’s performance on airport
Angkasa Pura I (Persero) has strived to overcome development in a relatively short time with due
this by increasing airport capacity through airport consideration to the quality aspect.
development and the construction of new airports.

Business Prospect
As an archipelago, air transportation is increasingly I (Persero) as a provider of airport services seeks
needed to improve connectivity. The aspects of to accommodate the increase in passenger and
connectivity and the Indonesian tourism sector are aircraft traffic by preparing to enhance airport
expected to boost economic growth and continue capacity based on international airport standards.
to be leading contributors to national income. The
Indonesian government is developing ten priority In 2020, PT Angkasa Pura I (Persero) will roll out
tourism destinations, three of which are in the innovations to grow its existing business portfolio.
operational area of PT Angkasa Pura I (Persero), Innovations in expansion were undertaken not only
namely Yogyakarta, Manado and Lombok. This in the development of existing airports, but also in the
is certainly an opportunity to increase company construction of new airports as well as the takeover
revenue. of other airports. Synergies with subsidiaries will
continue to be carried out to maximize financial
In the long run, the growth of air passengers in performance. A hub and spoke strategy will be
Indonesia is predicted to continue to increase implemented in relation to managed airports.
until it can reach 11% annually. PT Angkasa Pura
Implementation of Good Corporate Governance

PT Angkasa Pura I (Persero) consistently applies National Committee on Governance Policy (KNKG),
the principles of good corporate governance Indonesian Risk Management Professional
(GCG) in accordance with prevailing regulations. Association (IRMAPA), Institute of Compliance
These include Minister of State-Owned Enterprises Professional Indonesia (ICoPI), and Asia Business
Regulation No. PER-01/MBU/2011 concerning Good Research.
Corporate Governance and its amendment namely
Minister of State-Owned Enterprises Regulation No. To improve the quality of corporate governance,
PER-09/MBU/2012. In addition, as a company that PT Angkasa Pura I (Persero) implements GCG
has issued bonds, the Company has implemented assessment. The GCG assessment is made based on
GCG in accordance with Financial Services Authority the criteria or indicators set out in the Decree of the
(OJK) Regulation No. 21/POJK.04/2015 concerning Secretary of the Ministry of State-Owned Enterprises
Implementation of Limited Liability Companies No.SK-16/S.MBU/2012 dated June 6, 2012 concerning
Governance Guidelines. Evaluation Indicators/Parameters of Good Corporate
Governance Implementation in State-Owned
In 2019, the Company’s commitment in Enterprises. The result of the assessment made in
implementing GCG was appreciated through 2019 showed that the Company has succeeded in
various awards, such as “The Most Committed enhancing the GCG implementation with a score
GRC Leader 2019” for the President Director and of 91.58, indicating an increase in score from the
“Top GRC 2019 #3 Stars” at the TOP GRC 2019. This previous year.
event was organized by Top Business magazine,

Changes in the Composition of Board of Directors
In 2019, the Main and Controlling Shareholders did not change the composition of the Board of Directors of
PT Angkasa Pura I (Persero). The composition of the Board of Directors per 31 December 2019 is as follows:
Faik Fahmi President Director
Novrihandri Finance Director
Devy Suradji Marketing and Services Director
Wendo Asrul Rose Operations Director
Lukman F. Laisa Technical Director
Adi Nugroho Human Capital and General Affair Director
Sardjono Jhony Tjitrokusumo Business Development Director
Closing
On this occasion, the Board of Directors would The good performance and cooperation
like to express its appreciation to the employees with stakeholders will certainly be the main
and partners of PT Angkasa Pura I (Persero) for foundation for the company’s growth in the
their good performance and cooperation, so that future. The Board of Directors believes that PT
the Company can achieve satisfactory results Angkasa Pura I (Persero) can continue to grow
throughout 2019. The Board of Directors would and is committed to providing the best for air
like to thank the Board of Commissioners and transportation users and other stakeholders, in
the Government as the Main and Controlling order to encourage national economic growth.
Shareholder, represented by the Ministry of
SOEs, for their support and direction provided to
the Directors of PT Angkasa Pura I (Persero).
Jakarta, 23 April 2020,
Faik Fahmi
President Director

Company
Profile
is one of the
10 (ten) biggest airport
management companies in
Asia. and has successfully secured
several world-class awards
for the airports under its
management.

Brief Profile
Authorized Capital
Rp12.000.000.000.000,-
Company Name
Paid Up Capital
Rp6.414.412.000.000,-
Date of Bond Listing at the Indonesia

Name Changes
Stock Exchange
• Perusahaan Negara (PN)
November 23, 2016, in accordance
Angkasa Pura Kemayoran,
with Listing of PT Angkasa Pura I
in 1962
(Persero) Bond I 2016 and Sukuk Ijarah
• Perusahaan Negara (PN)
I 2016 under Announcement No.
Angkasa Pura, in 1965
Peng-P-00950 / BEI.PP2/11-2016 dated
• Perusahaan Umum
November 22, 2016.
(Perum) Angkasa Pura I,
in 1986
• Perseroan Terbatas (PT)
Angkasa Pura I (Persero),
in 1992
Bond Code Number of Employees

APAI 3.374 persons
Business Field Date of

1. Airport Services Establishment
2. Airport-Related 15 November 1962
Services
Office Network Data Subsidiaries
1 Head Office PT Angkasa Pura Hotel
14 Managed Airports PT Angkasa Pura Logistik
4 Project Offices PT Angkasa Pura Properti
5 Subsidiaries PT Angkasa Pura Retail
PT Angkasa Pura Support
Basis of Status and

Establishment Ownership
Ownership
Government State-Owned
100% owned by the
Regulation No. 5 Enterprise, 100%
Republic of Indonesia
of 1992 owned by the
Republic of
Indonesia

Information Kantor Pusat

Corporate Secretary Kota Baru Bandar
Kota Baru Bandar Kemayoran Blok B 12 Kav. 2 Kemayoran, Blok B 12 Kav. 2
Jakarta, 10610 Jakarta, 10610
Telp : 62-21 6541961 Telepon : 62-21 6541961

Faks : 62-21 6541513, 6541514 Faksimili : 62-21 6541513, 6541514
Email : humas@ap1.co.id Email : humas@ap1.co.id
Website : www.ap1.co.id
Twitter : @AP_airports
Instagram : @AP_airports Website
Facebook : Angkasa Pura Airports www.ap1.co.id
Youtube : www.youtube.com/angkasapuraairports

Company Brand
The line “Angkasa Pura” is freshly displayed along with the word “Airports” to highlight the line of business
and the main excellence of PT Angkasa Pura I (Persero). The color green signifies grounded, rooted,
growing, and long-lasting business combined with the color blue which symbolizes the sky or space. These
two different colors are harmoniously combined to convey an important message on the sky-high ideals
which correspond to the synergy of grounded, rooted, growing and long-lasting concepts and works.
The symbol and element of “give and take”

The symbol of two inter-locking elements
imply that: take is the result of a logical
reflect the safety and security concept which
consequence and give is the basic principles
is the most important factor in the Airport
of honor in serving and professionalism in the
Business.
sense of “together stronger”.
The symbol with its aerodynamics angle

The symbol also implies a “smile” which
rising up to the right represents the
symbolizes the hospitality and humane
willingness and spirit of progressive
service which is the pride of the Company
transformation for the company’s growth.

A Brief History of the Company
“ based on PP No. 21 tahun 1965, PN Angkasa Pura

Kemayoran changed its name to Perusahaan
Negara (PN) Angkasa Pura since 17 May 1965.
“
PT Angkasa Pura I (Persero), hereinafter referred In 1985, Kemayoran International Airport was
to as the Company, is the pioneer of commercial declared to stop operating and Soekarno-
airport business in Indonesia. The brief history of Hatta Airport, which at the time was known as
the Company began with the establishment of a Cengkareng Airport (CGK), replaced the role of
state enterprise Perusahaan Negara (PN) Angkasa Kemayoran Airport as the international gateway
Pura Kemayoran on February 20, 1962 based to Indonesia. This happened simultaneously with
on the Government Regulation No. 33 of 1962. the establishment of Perum Angkasa Pura II in
At that time, Its main task was to manage and charge of the management of Soekarno-Hatta
operate Kemayoran Airport in Jakarta, which was International Airport and Kemayoran Airport.
the first international airport in Indonesia. Then, A year later, Perum Angkasa Pura changed its
PN Angkasa Pura Kemayoran officially took over name to Perum Angkasa Pura I based on the
the whole assets and operations of Kemayoran Government Regulation No. 25 of 1986.
Airport in from the Ministry of Air Transportation
on February 20, 1964, which was then determined In 1992, based on the Government Regulation
as the date of establishment of the Company. No. 5 of 1992 and pursuant to the deed drawn
up by Notary Muhani Salim, S.H. dated January
On May 17, 1965, based on the Government 3, 1993, the Company’s status as Perum Angkasa
Regulation No. 21 of 1965, PN Angkasa Pura Pura I was changed to “Perusahaan Terbatas (PT)”
Kemayoran changed its name to Perusahaan (public company) whose all shares are owned by
Negara (PN) Angkasa Pura. Along with the the Republic of Indonesia. The name change to
name change, PN Angkasa Pura expanded its PT Angkasa Pura I (Persero) was approved by the
operational activities to manage other airports Minister of Justice on April 24, 1993 as stipulated
in major Indonesian cities such as Denpasar, in the Decree No. C2-470.HT.01.01 of 1993 and
Medan, Surabaya, Balikpapan, and Ujung announced in the State Gazette of the Republic
Pandang. Furthermore, based on the Government of Indonesia Number 52 dated June 29, 1993 with
Regulation No. 37 of 1974, the legal entity status of Supplement to the State Gazette of the Republic
the Company was changed to a Public Company of Indonesia Number 2914/1993. After that, the
(Perum). company has never made any changes and
remains using the name of PT Angkasa Pura I
(Persero).

After changing its status into a limited liability o Issued and paid up capital amounting to
company, AP I experienced several changes to the Rp 3,188,245,000,000 or 3,188,245 shares,
deed and Articles of Association, including: by adding to the Republic of Indonesia’s
1. Amendment in 2012, based on Statement Capital Investment amounting to
of Meeting Resolution and Shareholders’ Rp 1,388,244,029 in accordance with
Resolution taken outside the meeting of PT Government Regulation No. 76 of 2011 and
Angkasa Pura I (Persero), as set forth in Deed from a capital reserve of Rp 971
No. 5 of Notary Utiek R. Abdulrachman, S.H.,
MLI., MKn, and receiving approval from the 2. Amendment in 2013, based on Deed No. 02
Ministry of Law and Human Rights of the dated January 16, 2013 of Notary Nanda Fauz
Republic of Indonesia under No. AHU-46777. lwan, S.H., M.Kn which has been stored in the
AH.01.02 of 2012 dated September 3, 2012, Legal Entity Administration System database
concerning: of the Ministry of Law and Human Rights
o Increase in authorized capital to of the Republic of Indonesia under Decree
Rp 12,000,000,000,000 divided into No. AHU-.AH. 01.10-02672 on January 31, 2013,
12,000,000 shares, with par value of Rp concerning:
1,000,000 (full amount) per share

o Increase in paid up capital taken from the o Increase in issued and paid up capital of
capitalization of part of the Company’s Rp 6,614,412,000,000 or 6,414,412 shares,
reserves up to Financial Year 2011 of by adding to the Republic of Indonesia’s
300,000 shares with par value of Rp capital investment amounting to
1,000,000 (full amount), thus amounting Rp 2,926,166,060 in accordance with
to Rp 300,000,000,000 from the portion Government Regulation No. 8 of 2014 and
of the Republic of Indonesia, so that the from a capital reserve of Rp 940
issued and paid up capital amounted to
Rp 3,488,245,000,000 As the pioneering company engaged in the
commercial airport sector in Indonesia, PT Angkasa
3. Amendment in 2015, namely changes to the Pura I (Persero) is entrusted by the Government of
Company’s Articles of Association as stated in Indonesia to manage airports in various provinces
Deed No. 11 dated 22 September 2015 of Notary in the Central and Eastern regions of Indonesia. As
Julius Purnawan, S.H., MSi, and approved of December 31, 2019, 14 airports, 4 project offices
by the Ministry of Law and Human Rights of and 5 subsidiaries were being managed and
the Republic of Indonesia under Decree No. supervised by the Company.
AHU.AH. 01.03- 0972301 on October 15, 2015,
concerning:

Milestones
1962
1965
1964
15 November 1962
17 May 1965
20 February 1964
The Indonesian Government
Based on the Government
issues Government The date February 20, 1964 was Regulation No. 21 of 1965
Regulation (GR) No. 33 of 1962 then determined as the date of concerning Amendment
concerning Establishment establishment of the Company, and Addendum to
of Perusahaan Negara (PN) PN Angkasa Pura Kemayoran Government Regulation
Angkasa Pura Kemayoran, officially took over the whole No. 33 of 1962, PN Angkasa
its main task was to manage assets and operations of Pura Kemayoran changes
Kemayoran Airport in Jakarta, Kemayoran International Airport its name to Perusahaan
which was the first and in Jakarta from the Ministry Negara (PN) Angkasa Pura
only international airport in of Air Transportation of the with a view to opening up
Indonesia. Republic of Indonesia. opportunities to manage
other airports in Indonesia.
2014
2015
18 May 2015 14 February 2014 2013
Groundbreaking of Operation of the Terminal 2 in Juanda
2 January 2013
Syamsudin Noor Airport, International Airport, Surabaya.
Phase I Implementation of the
Banjarmasin.
Enterprise Resource Planning (ERP)
22 March 2014
Project.
17 August 2015 Operation of the new terminal in Sepinggan
Operation of the Terminal International Airport, Balikpapan.
4 January 2013
B in Adi Sutjipto Airport,
Establishment of Strategic Business
Yogyakarta. 17 June 2014
Unit (SBU) Commercial in Ngurah
Groundbreaking for development of Ahmad
Rai in accordance with Board
13 December 2015 Yani International Airport, Semarang.
of Directors Decree No. KEP.02/
Operation of the Special
OM.01.01/2013.
Terminal for Umrah Pilgrims 15 September 2014
in Juanda Airport, Surabaya. Inauguration of Sultan Aji Muhammad
6 January 2013
Sulaiman Sepinggan International Airport,
Transfer of navigation-related
Balikpapan and Terminal 2 Juanda
management duties to the Public
International Airport, Surabaya by the
Company Providing Air Navigation
President of the Republic of Indonesia.
Services in Indonesia (Perum-
LPPNPI) based on the Government
17 September 2014
Regulation No. 77 of 2012.
Operation of the new domestic terminal in I
Gusti Ngurah Rai International Airport, Bali.
7 April 2013
Re-operation of Selaparang Airport
19 December 2014
for aviation school.
Inauguration of I Gusti Ngurah Rai
International Airport Denpasar, Bali by the
12 September 2013
Minister of Transportation of the Republic of
Operations of the new international
Indonesia.
terminal in I Gusti Ngurah Rai
International Airport Denpasar, Bali.

1974
1992
24 October 1974
1986 4 February 1992
19 May 1986
Based on the Government Based on the Government
Regulation No. 37 of 1974, Perum Angkasa Pura changed its Regulation No. 5 of 1992,
the legal entity status of name to Perum Angkasa Pura I, the Company’s status as a
the Company was changed which happened simultaneously “Perusahaan Umum (Perum)”
to a Public Company with the establishment of (public company) was changed
(Perum). Perum Angkasa Pura II. Perum to “Perusahaan Terbatas (PT)”
Angkasa Pura I is in charge of (Limited Liability Company)
the management of airports in whose all shares are owned by
Eastern Indonesia, while Perum the Republic of Indonesia
Angkasa Pura II is in charge of
the management of airports in
Western Indonesia.
2012
2008
6 January 2012 2011
Establishment of Angkasa Pura
22 September 2008
Hotels, Angkasa Pura Property,
Inauguration of Sultan Hasanuddin
and Angkasa Pura Logistics as 20 October 2011
Airport by the President of the
subsidiaries of PT Angkasa Pura I Inauguration of Lombok
Republic of Indonesia.
(Persero). International Airport (BIL) by
the President of the Republic of
9 February 2012 Indonesia.
Establishment of the subsidiary of
Angkasa Pura Supports. 1 December 2011
Groundbreaking of Terminal 2 (T2)
20 February 2012 development project at Juanda
PT Angkasa Pura I (Persero) Airport, Surabaya.
launched its corporate identity
through vision, mission, values, 30 December 2011
hymn, and uniforms . PT Angkasa Pura I (Persero) officially
launched its new logo as a corporate
identity.

2016 2017
23 November 2016 27 January 2017
Issuance of PT Angkasa Pura I Bond I 2016 and PT Groundbreaking of construction of the Yogyakarta
Angkasa Pura I Sukuk Ijarah I 2016. International Airport in Kulonprogo by the Indonesian
President.
08 April 2017
Groundbreaking of the construction of the Adi
Soemarmo Airport Railway in Boyolali, Central Java by
the President of the Republic of Indonesia.
2018
2019
11 February 2018
Topping off ceremony of the new terminal in Ahmad 6 May 2019
Yani International Airport, Semarang, Central Java. Yogyakarta International Airport in Kulon Progo
commenced operations.
07 June 2018
Inauguration of the new terminal in Ahmad Yani 18 December 2019
International Airport, Semarang by the President of Inauguration of new Terminal in Banjarmasin
the Republic of Indonesia. Syamsuddin Noor Airport by the President of the
Republic of Indonesia.

2019 Significant Events
15 March 2019 19 March 2019

Signing of cooperation agreement between AP1 & BKIPM Signing of cooperation agreement between AP1 and
and KKP. PNM 2019.
22 March 2019 26 April 2019

Signing of cooperation on use of assets between AP1 & Yogyakarta International Airport Certificate from DJUB.
Indonesian Air Force (TNI AU) in Bali.
10 April 2019
Inauguration of
Baitussalam Mosque at
Jenderal Ahmad Yani
Airport in Semarang.

6 May 2019
Maiden commercial flight
to Yogyakarta International
Airport in Kulon Progo
3 May 2019 15 July 2019

Signing of memorandum of understanding, cooperation Dissemination of Fraud Control Plan & signing of MOU
agreement & launching of JRKU application. 2019.
6 August 2019
10 AP1 airports were
accredited with the ACI’s
customer experience
accreditation program.

( )
14 August 2019 16 August 2019
Signing of MOU between AP1 and IIAC. AP1 maintained Pefindo’s triple A rating for the period of
12 August 2019-1 August 2020.
3 September 2019 04 September 2019

PT Angkasa Pura I (Persero) hosted the International Airports Inauguration of X-Ray Automated Tray Return System
Council (ACI) Customer Experience Global Summit 2019 in (X-Ray ATRS), boarding pass scanner (flap barrier) and
Bali. passport autogate at I Gusti Ngurah Rai Bali Airport.
26 September 2019 8 Oktober 2019

Signing of MOU between AP1 and Bank Mandiri. Signing of MOU between AP1 and Kajari.

13 October 2019 21 October 2019

Signing of Utilization Cooperation (KSP) of Sentani Inauguration of the first multisensory room at Ahmad
airport between AP1 and DGCA. Yani Airport in Semarang. This facility is provided for
children with special needs, especially autism.
13 November 2019 10 December 2019

Signing of a Joint Agreement with the Transportation Operation of New Terminal at Syamsudin Noor
Research and Development Agency, Ministry of Banjarmasin Airport.
Transportation to explore opportunities for research and
development cooperation in the airport sector.
18 December 2019 29 December 2019

Inauguration of New Terminal at Syamsudin Noor Soft Launch of Adi Soemarmo Airport Railway by
Banjarmasin Airport by the President of the Republic of Minister of Transportation, Budi Karya Sumadi.
Indonesia, Joko Widodo.

Vision, Mission,
and Corporate Culture
PT Angkasa Pura I (Persero) has vision and mission In addition to its vision and mission, PT Angkasa
statements to provide the direction and objectives Pura I (Persero) has also set a corporate culture from
for the management in managing the company. the transformation and restructuring process of the
The Company’s vision and mission also help to company carried out by the Transformation Team
identify its current core competencies and matters based on the Board of Directors Decree Number
that need to be developed in the future. SKEP.27 / LB.01 / 2011 concerning the Formation
of the Transformation Team of PT Angkasa Pura I
The vision and mission of PT Angkasa Pura I (Persero) (Persero). The corporate culture is the values that
is contained in the Company’s Long-Term Plan guide all Company personnels to do their best in
(RJPP) 2019-2023 that has been jointly discussed, realizing the Company’s vision and mission. PT
reviewed and approved by the Board of Directors Angkasa Pura (Persero) has set corporate values
and Board of Commissioners on October 26, 2019 in of “SATU”, which stands for Sinergis (Synergistic),
Yogyakarta. Further, the RJPP was submitted to the Adaptif (Adaptive), Terpercaya (Trustworthy), and
Ministry of State-Owned Enterprises on October 31, Unggul (Unparalleled).
2019 to be ratified by the Minister of State-Owned
Enterprises (SOEs) as the Main and Controlling Further, in order to easily comprehend the vision,
Shareholder in accordance with the provisions of mission and corporate culture for the Company’s
Minister of State-Owned Enterprises Decree No. personnels, PT Angkasa Pura I (Persero) set the
KEP-102/MBU/2002 dated June 4, 2002 concerning motto or tagline “Go Beyond”. In 2019, PT Angkasa
Arranging of the Company’s Long-Term Plan. Pura I (Persero) disseminated the company’s vision
and mission and culture through website, videos,
remarks, meetings, banners, and so on.

Vision “Connecting The World Beyond Airport

Operator With Indonesian Experience.”
Mission
1. Providing global-scale services that ensure safety,
security and comfort standards
2. Improving values for stakeholders;
3. Becoming a government partner in boosting economic
growth
4. Improving the company’s competitive edge with creativity and innovation
5. Providing quality airport services that meet stakeholder expectations through
excellent human resource management
6. Contributing positively to environmental sustainability
Corporate Culture
Synergistic Adaptive Trustworthy Unparalled
Respect the diversity Readiness of the Have integrity and Enthusiastic
in increasing heart, mind, and honesty in carrying in learning
added value and enthusiasm in out their duties. and increasing
contribution to the facing changes competitiveness
company. for the company’s for the company’s
improvement. improvement.

Business Activities
Business Activities According to the Articles of Association
Based on Article 3 of the last amendment to the on January 16, 2013 based on Memorandum of
Articles of Association as stated in Deed No. 55 of Understanding No. HK.201/1/10/DRJU-2013; KEP.15/
2019, the main business activity or business line of OM.02.03/2013; MOU.04.07.01/00/02/2013/001; 032/
PT Angkasa Pura I (Persero) is to provide airport DU/II/2013 dated February 12, 2013.
services, airport-related services and other related
businesses in accordance with the principles of a If necessary, The Company may establish other
limited liability company. The business activities companies or subsidiaries related to the business
carried out by PT Angkasa Pura I (Persero) aim to activities, either independently or in cooperation
generate profits in order to support Government with other agencies, as long as it is in line
policies and programs in the fields of economy with applicable laws and regulations and is in
and development. accordance with the Articles of Association.
The Company’s business line is limited by the As of 31 December 2019, all business activities or
Government Regulation No. 77 of 2012 concerning business lines in accordance with the Articles of
Air Navigation Indonesia (LPPNPI) that regulates Association were carried out by PT Angkasa Pura I
that aviation services are not managed by PT (Persero), as explained in detail below:
Angkasa Pura I (Persero). The regulation took effect
Non-ATS Aeronautics (Airport-Related)
1 Provision, enterprise, and facility development for landing, aircraft take off, parking and hangar services
2 Provision of Counter Check-in, Garbarata (Aviobridge), Baggage Handling System (BHS)/ Hold Baggage
Screening (HBS).
3 Provision, enterprise, and terminal facility development for passenger, cargo and postal transportation services.
Non-aeronautics (Non-Airport)
1 Provision of land for development, field, and industrial area, and also building/structure to ensure smooth air
traffic.
2 Provision, enterprise, and facility development for electronics, electricity, water and waste treatment.
3 Provision of consultation, education and training services related to airport.
4 Other businesses that support the goal of the Company.
Business Segments
There are 2 (two) market segments for PT Angkasa Pura I (Persero), namely:
• Service product segment provided to companies, especially Air Transport Agency and Business Partner
• Service product segment provided directly for consumers, especially aircraft passengers and their
relatives.

Products and Services of PT Angkasa Pura I (Persero) are given in details as follows:
1. Aircraft Landing, Parking and Hanggar Services (PJP4U)

the product of Aircraft Landing is provided for aircraft landing on the airport. PJP4U is also provided for
parking aircraft in the open areas of the airport and for parking aircraft in the hangars.
2. Air Passenger Services (PJP2U)

Aircraft Passenger Services are provided for every passenger at both departure and arrival terminals
of airports.
3. Garbarata (Aviobridge)
Garbarata (Aviobridge) Usage Service is provided for every air transport agency/airline/aircraft operator
both on departure or arrival of passengers.
4. Check-In Counter
Counter Check-in Service is provided for airlines or aircraft operators for their use of airport facilities,
specifically related to passenger check-in process.
5. Baggage Handling System (BHS)/Hold Baggage Screening (HBS)

this is a service provided to airlines or aircraft operators for thier use of the Baggage Handling System
facility, which is a conveyor system used to transport luggage after screening and check-in for departing
passengers. The luggage is then brought to the baggage make up area to be transported by a plane,
while for arriving passengers, the opposite applies. the luggage is taken to the baggage claim area. In
addition, this service provides Hold Baggage Screening facilities, a system of baggage screening using
x-ray machines which is directly integrated with the Baggage Handling System.
6. Concession for Airport Facility Usage Services

Concesssion is the service provided for the right of using airport facilities by third parties concernig
their activities carried out in the airport. Concession is given for companies carrying out activities in the
airports, such as Air Cargo Expedition, Regulated Agent (RA), Ground Handling, and In-Flight Catering.

Operational Areas
As of end-2019, PT Angkasa Pura I (Persero) managed 14 (fourteen) airports, 5 (five) subsidiaries, and 4 (four)
development projects spreading across major cities in the Western, Central and Eastern part of Indonesia,
as follows:
Head
Office
Airports: Development Projects:

(1) I Gusti Ngurah Rai Airport – Bali (1) Yogyakarta International Airport
(2) Juanda Airport – Surabaya Development Project, Yogyakarta
(3) Sultan Hasanuddin Airport – Makassar (2) Jenderal Ahmad Yani Airport
(4) Sultan Aji Muhammad Sulaiman Sepinggan Airport – Development Project, Semarang
Balikpapan (3) Syamsudin Noor Airport
(5) Frans Kaisiepo Airport – Biak Development Project, Banjarmasin
(6) Sam Ratulangi Airport – Manado (4) Sultan Hasanuddin Airport
(7) Syamsudin Noor Airport – Banjarmasin Development Project, Makassar
(8) Ahmad Yani Airport – Semarang
(9) Adisutjipto Airport – Yogyakarta Subsidiaries:
(10) Adi Soemarmo Airport – Surakarta (1) PT Angkasa Pura Logistik
(11) Central Lombok International Airport – Lombok (2) PT Angkasa Pura Properti
(12) Pattimura Airport – Ambon (3) PT Angkasa Pura Support
(13) El Tari Airport – Kupang (4) PT Angkasa Pura Hotel
(14) Yogyakarta International Airport – Yogyakarta (5) PT Angkasa Pura Retail

Office Networks of PT Angkasa Pura I (Persero) for the Last Three Years
Type of Office 2019 2018 2017
Head Office 1 1 1
Branch Office/Airport 14 13 13
TOTAL 15 14 14
Map of Office Networks, Airports and Projects of PT Angkasa Pura I (Persero) by Region in 2019
Office Type
Location
Head Office Branch Office Project
Head Office, Jakarta 1 - -
I Gusti Ngurah Rai, Denpasar - 1 -
Juanda, Surabaya - 1 -
Sultan Aji Muhammad Sulaiman Sepinggan, Balikpapan - 1 -
Sultan Hasanuddin, Makassar - 1 -
Adisutjipto, Yogyakarta - 1 -
Syamsudin Noor, Banjarmasin - 1 -
Jenderal Ahmad Yani, Semarang - 1 -
Sam Ratulangi, Manado - 1 -
Adi Soemarmo, Surakarta - 1 -
Internasional Lombok, Lombok Tengah - 1 -
Pattimura, Ambon - 1 -
El Tari, Kupang - 1 -
Frans Kaisiepo, Biak - 1 -
Bandara Internasional Yogyakarta - 1 -
Jenderal Ahmad Yani Airport Semarang Development

- - 1
Project
Yogyakarta Airport Development Project - - 1
Syamsudin Noor Airport Banjarmasin Development

- - 1
Project
Sultan Hasanuddin Airport Makassar Development

- - 1
Project
TOTAL 1 14 4

Security and Safety
In line with its vision to become a world-class airport 31000). In addition, PT Angkasa Pura I (Persero) has
operator, PT Angkasa Pura I (Persero) conducts initiated a program to improve the quality of airport
its business operations by prioritizing safety and management systems by inviting world-leading
security of aviation services and airport users. In practitioners through the Airport Excellence (APEX)
this regard, the Company implements Safety, in Safety and Airport Excellence (APEX) in Security
Security, and Service through Compliance (3S1C) programs.
in accordance with Law No. 1 of 2009 concerning
Aviation. The current implementation of 3S1C was carried
out beyond regulation. PT Angkasa Pura I (Persero)
Besides its policy on safety and security as mentioned implemented 3S1C in a comprehensive manner
above, PT Angkasa Pura I (Persero) has received starting from the gateway and parking lot to
various certifications that support the safety, public areas in the airport, and involved several
security and comfort of service users. These include management functions with the following duties
environment (ISO 14001:2015), quality management and functions:
(ISO 9001:2015), occupational health and safety
(OHSAS 18001:2007), and risk management (ISO
Risk Management and Corporate Planning is tasked to ensure that the

business processes of PT Angkasa Pura I (Persero) run with an acceptable
level of risk through the risk management process. This function ensures
Risk formulation of the corporate strategic plan through business analysis and
Management review, monitoring, and performance evaluation of PT Angkasa Pura I
and Corporate (Persero) to support the achievement of its work targets in accordance with
Planning the Company Work Plan and Budget (RKAP).

Airport Engineering Group is responsible to ensure the availability of data

related to airport statistics, airport master plan, and environment through
business analysis and studies to support the achievement of the Company
strategy in accordance with the policies and regulations set by the regulator,
Airport
and ensure compliance with the prevailing laws and regulations as well as
Engineering
internal regulations.
Group
Airport Security Group is responsible to ensure the effectiveness of airport

security services through programs to improve the quality and reliability of
human resources in order to support the achievement of high Customer
Satisfaction Index (CSI) scores at all airports in accordance with national and
Airport
international standards.
Security group
Airport Safety Group is responsible to ensure the achievement of a specific

safety level and service quality through safety management system,
occupational health and safety, and effective quality management in order
Airport to support the achievement of high Customer Satisfaction Index (CSl) scores.
Safety Group
Airport Services Group is tasked to ensure effective airport services and

hospitality by improving the quality and reliability of human resources in
order to support the improvement of service and quality assurance, as well
as the achievement of high Customer Satisfaction Index (CSI) scores at all
Airport
airports in accordance with national and international standards.
Services Group
Airport Facilities Readiness Group is tasked to ensure that all airport facilities
including air side, land side, landscape and terminal buildings managed by
PT Angkasa Pura I (Persero) are ready for use and support achievement of a
Airport Facilities high Customer Satisfaction Index (CSI) scores.
Readiness Group
Airport Equipment Readiness is responsible to ensure operational readiness

for all airport equipment managed by PT Angkasa Pura I (Persero), as well as
supporting tools to achieve a high Customer Satisfaction Index (CSl) scores.
Airport Equipment
Readiness

The Company’s performance in implementing the Company achieved an average score of above
3S1C can be seen from the achiement of Airport 4 based on the Customer Satisfaction Index (CSI)
Service Quality (ASQ) scores with an average of assessed by the Indonesia National Air Carriers
above 4.5 at 4 (four) airports (2018), as assessed by Association (INACA) on thirteen airports in 2019.
Airports Council International (ACI). In addition,
Achievement Indicator 2019 2018 2017
Airport Service Quality (ASQ) 4.48 4.55 4.62
Corporate Satisfaction Index (CSI) 4.53 4.40 4.25
PT Angkasa Pura I (Persero) did not experience result of hard work put in by its personnel synergized
significant incidents, work accidents, code of in enforcing the safety, security and comfort
conduct violations, or other violations throughout policies for service users in the implementation of
2019. The Company has successfully managed to business activities and operations.
realize a “zero accident” condition since 2017, as the

Service Excellence
PT Angkasa Pura I (Persero) is committed to (ICT) as summarized in its information technology
providing excellence international airport services. strategy. The following explanation describes the
In this regard, the Company has developed a world- Company’s information technology strategy.
class Information and Communications Technology
Operation Excellence Strategy
Operation Excellence Strategy is a strategy to strengthen communication technology to

support reliable business process through the application of:
a. Airport Operation Control Center (AOCC) aims to obtain acceleration of coordination
on the operational side between stakeholders at the airport. In addition, to support
the implementation of the strategy, PT Angkasa Pura I (Persero) has planned the
Airport Operation Control System (AOCS) technology solution to obtain the AOCS
technology standard and implementation strategy.
b. SATU Application Program for Achievement since 2017, where this program is a
digital-based Office Collaboration Platform (OCP) automation service, Electronic
Document Copywriting (TNDE), AP1 e-Learning (APel), website-based Knowledge
Management System (KMS) and mobile apps for increasing work productivity,
knowledge and competence of all personnel of PT Angkasa Pura I (Persero).
c. Under Vehicle Surveillance System (UVVS) at 4 airports namely Juanda International
Airport-Surabaya, Jenderal Ahmad Yani Airport-Semarang, SAMS Sepinggan Airport-
Balikpapan and Syamsudin Noor Airport-Banjarmasin aims to improve the security
of airport areas that work together with the Airport Security function with the
ability to detect or scan cars or vehicles passing in the airport area which is deemed
necessary to be sterilized from hazardous materials
.
Revenue Safeguarding Strategy
This strategy is an effort to use information and communication technology to support

revenue safeguarding. The application of this strategy includes the utilization of ICT
related to services such as:
a. Passenger Service Charge on Ticket System (POTS) is a tool for the Aeronautical
function in obtaining information on passengers who have paid Passenger Service
Charge (PSC)/paying pax services.
b. Operational and Commercial Information System (SIOPSKOM) a tool for the Airport
Operation and Aeronautical functions in recording and issuing billing for resource
use (garbarata, parking stands, unscheduled flights) by airlines and ground handling.
c. Parking system (vehicle parking system) is a tool in monitoring and managing
vehicle parking transaction data.
d. Point of Sales System (POSS) in all airports is a tool that functions to monitor and
manage airport tenant sales transaction data (retail, food & beverage, etc.).

Enterprise Management Service Fulfillment Strategy
This strategy is carried out by PT Angkasa Pura I (Persero) to make decisions for
management in obtaining quality information by implementing:
a. Ease of planning, presenting and monitoring company budgets by implementing
SAP BPC-Planning development.
b. Ease of consolidating financial statements between parent and subsidiary with the
implementation of SAP BPC-Consolidation
c. Ease of Human Capital data management between parent and subsidiary through
the application of ERP Multi-Company.
d. Ease of enterprise risk management through the development of a web-based risk
management system (i-Risk).
Customer Experience Strategy
This strategy is an effort to utilize information and communication technology to provide

optimal services to increase service user satisfaction through the application of:
a. Angkasa Pura Airport Mobile Apps to provide airport information, flight information,
airport parking, travel information, hotel information, transportation, shop & dine
(can be downloaded via Apple App Store and Play Store).
b. Angkasa Pura 172 Contact Center services that can be accessed via telephone, SMS,
email, website and social media to increase the ability to capture information and
customer needs in personalization and provide facilities.
c. Free Wi-Fi service with bandwidth up to 100 MB per access point, as part of the
Company’s strategy to implement a smart airport and improve airport customer
satisfaction index (CSI).
d. X-Ray Smartlane and BCM Counter & Autogate Machine for Immigration Screening
at I Gusti Ngurah Rai International Airport, aimed to improve (customer satisfaction
index / CSI) so as to reduce queuing time, speed up screening of passengers’ goods
and speed up the immigration service process (with due regard to security and legal
aspects of the country).

Strengthening ICT Foundation Strategy
The strategy to strengthen the ICT foundation is an effort to increase the capacity
adequacy and guarantee the security of infrastructure, starting at the level of facilities,
hardware and communication networks through the application of:
a. Standardization of ICT infrastructure (LAN, WAN, Communication, Wi-Fi, and Server),
b. Development of re-engineering infrastructure (phase I) of an integrated and secure
data communication network as the company’s service backbone.
c. Voice-over-IP PBX technology integrated with all PT Angkasa Pura I (Persero) branch
offices to increase the cost efficiency of inter-branch telephone communication.
Strategy for Improving ICT Governance Performance
Strategies for improving ICT governance performance are benchmarks that can be
used by companies in assessing the quality and effectiveness of corporate information
technology through the application of:
a. Compilation of IT policies (Board of Directors Decree No.: KEP.205 / OM.02.04 / 2018
concerning Information Technology Governance of PT Angkasa Pura I (Persero)
which is a corporate information technology policy based on Cobit’s best practice
framework.
b. Revised Quality Procedure & IT Governance Policy.
c. Implementation of Information Technology Governance (Maturity Level) periodically.
d. Implementation of Information Technology Security Assessment (including Security
Testing) to obtain a strategy in the form of appropriate action plan and in line with the
company’s needs in the management of cyberspace and fulfillment of compliance
with the Minister of Transportation Regulation No. 80 of 2017 and the Minister of
Communication and Information Regulation No. 04 of 2016.

Innovation and Entrepreneurship

Innovations in Operations and Airport Services
In order to improve the quality of airport products Holding Room is available at six airports
and services and optimize the effectiveness and managed by PT Angkasa Pura I (Persero),
efficiency of business processes, PT Angkasa Pura namely:
I (Persero) has carried out various innovations, as • I Gustri Ngurah Rai International Airport-
follows: Denpasar
1. Multisensory Room • Yogyakarta International Airport
Multisensory Room is a waiting room for • Adi Soemarno International Airport-Solo
passengers with autism spectrum disorder. • Jenderal Ahmad Yani International
This facility provides a sense of security and Airport-Semarang
comfort for passengers while waiting for • SAMS Sepinggan Airport-Balikpapan
boarding time. Multisensory room as the • Syamsudin Noor International Airport-
first multisensory service in Asia Pacific Banjarmasin
was inaugurated on October 21, 2019 at the
terminal of Jenderal Ahmad Yani International The Special Needs Services Holding Room is
Airport in Semarang. similar to the multisensory room. This facility
is specifically designed for passengers with
This facility was designed to stimulate various disability and special needs with expectations
senses through mattresses installed on the of providing sense of calm and comfort
floor and walls, instrumental music, gym while waiting for the check-in process and/
balls, and colorful LED lights. This room is or boarding time. The room is equipped with
specifically designed to provide soothing chairs, tables, bean bags and mattresses.
stimuli, overcome tension, and reduce temper
tantrums for children with autism. The room The availability of this facility is expected to
has two functions by turning it into a white increase comfort of airport service users with
and a black room. White room is useful for special needs and add value to services for
creating a sense of security, relaxation, and business partners and airport managers.
giving a comfortable sensation to children
with autism. While the black room is useful to 3. Guidelines
facilitate the understanding of children with Following up on the development of
autism about the surrounding environment multisensory rooms and special needs
and understand of causal relationships. services holding room, the Airport Services &
Hospitality unit has published several online
2. Special Needs Services Holding Room guidelines, namely:
Special Needs Services Holding Room is a
waiting room provided for passengers with
special needs in the terminal check-in area.
This facility was inaugurated on October 21,
2019 at Jenderal Ahmad Yani International
Airport, Semarang. The Special Needs Services

a. Guidelines for Special Needs Services for Office to airport personnels in the work
Children with Autism at the Airport, area of PT Angkasa Pura I (Persero). This was
b. Guidelines for Special Needs Services at conducted to develop the competence and
the Airport, and capacity of personnels in providing services to
c. Guidelines for Passenger Experience at PT service users, especially to those with special
Angkasa Pura I (Persero) Airports. needs.
Ratification of the guidelines coincided with 4. Live Chat

the inauguration of the multisensory room Live Chat is an online and live messaging
and SNS Holding Room which was held at service using an automatic feature connected
Jenderal Ahmad Yani International Airport in directly to the airport officials. Currently,
Semarang and designated for the following consumers can easily interact with service
uses: providers. The objective of using the live chat
a. Guidelines for Special Need Services for service is as follows:
Children with Autism is addressed to a. To improve Voice of the Customer services;
airport officials, and b. To increase service user satisfaction; and
b. Guidelines for Passenger Experiences at c. To facilitate users in communicating with
PT Angkasa Pura I (Persero) Airports is service providers in real time.
addressed to airport service users that can
be accessed via the website ap1.co.id
Information dissemination and technical

assistance on the guidelines have been
performed online and directly at the Head
Live Chat facility can be accessed through the website www.ap1.co.id and websites in the work area of
PT Angkasa Pura I (Persero).
Flow chart graphics of Live Chat service
Yes
Website Has
Solution No Related Unit
Assistance
Automatic CCO Yes

Greeting
Mobile Application

5. Lost and Found System 7. Boarding Pass Scanner (Flap Barrier)

Lost and Found System is a service provided There are currently 12 boarding pass scanners
to improve services and satisfaction of airport (Flap Barrier) located at the international
service users with the following objectives: departure terminal of I Gusti Ngurah Rai
a. To facilitate service users in sharing their Airport, Bali. This facility aims to facilitate
voice of customer related to lost and/or passengers in scanning their boarding pass
found items at the airport; automatically without having to queue at
b. To facilitate service users in finding out the manual scanning site. This facility can be
information on lost and/or found items at used by passengers carrying printed or mobile
the airport; boarding passes.
c. To improve performance and integration
of Voice of Customer reporting, specifically
reporting on lost and/or found items at
the airport.
This service is provided in collaboration with the

Airport Security and Information Technology
unit as the system/application provider.
6. X-ray Automated Tray Return System (X-ray

ATRS)
PT Angkasa Pura I (Persero) inaugurated the
X-ray Automated Tray Return System (X-ray
ATRS) on 5 September 2019 at I Gusti Ngurah
Rai Airport, Bali. ATRS X-ray is a passenger and
baggage inspection system with the latest
scanning technology installed at the Screening
Check Point (SCP) area of the international
departure terminal. The system is expected
to improve security, increase accuracy, reduce
stress due to long queuing time, and provide
various other benefits, namely speeding up
the process of inspecting goods and potential
passengers. If conventional X-rays is only able
to check 155 trays per hour with a maximum
of 235 trays during peak hours, ATRS X-ray is
able to check up to 285 trays per hour with
maximum capability during peak hours of 410
trays per hour.
The use of ATRS X-ray is the first in Indonesia

and is a form of the company’s commitment
to improve sustainable airport services.

Innovations in Airport Development
The rapid growth of air traffic frequency at Adi In 2019, PT Angkasa Pura I (Persero) had completed
Sucipto Airport prompted PT Angkasa Pura I work on preparations for the construction of the
(Persero) to adopt a policy to construct the New Yogyakarta International Airport (YIA). Yogyakarta
Yogyakarta International Airport (NYIA). The International Airport began operating on May 6,
construction of the new airport is expected to 2019, with the concept of minimum operation.
increase capacity and improve airport facilities. Furthermore, the development of Yogyakarta
NYIA is designed to be an international-class International Airport continues, especially for
airport, and to be constructed in three stages from landside and terminal areas. The target is the full
2019 to 2046. operation of Yogyakarta International Airport on
March 29, 2020.
Planned Timeline and Development Stages of NYIA
Step 1 Step 2 Step 3

(2019 - 2026) (2027 - 2036) (2037 - 2046)
Since the beginning of the planning process, • Tsunami Disaster Simulation and Mitigation
the development of NYIA took into account
the likelihood of natural disasters occurring in PT Angkasa Pura I (AP) Persero has identified
Indonesia. Potential earthquakes, liquefaction the possibility of tsunamis affecting the NYIA
and tsunami were important aspects to consider airport and proposed several innovations,
during planning. In this regard, some of the namely:
initiatives undertaken include: 1. Establish terminal buildings and other
airport facilities as far as possible from the
• Using an innovative Dynamic Compaction coast by specifying the maximum slope
(DC) method, called Rapid Impulse allowed;
Compaction (RIC) 2. Conduct reforestation of coastal forests
in the middle of the airport and coastline
PT Angkasa Pura I (Persero) has increased areas with whistling pine trees (Casuarina
the density of soil to mitigate the potential equisetifolia) and other plants with deep
for liquefaction in the NYIA development roots to increase friction;
project by applying the Dynamic Compaction 3. Increase the elevation of the runway
method. This method compresses the original periodically, for example every 100 or 200
soil by dropping a heavy weight from a certain years, so that it is high and safe from
height. tsunami hazards;
4. Implement an early warning system
by determining the Airport Operation
Center (AOC) building specifications that

can accommodate various equipment For this reason, the Company has taken the
from the Indonesian Meteorology, initiative to:
Climatology, and Geophysical Agency 1. Construct an escape building on the top floor
(BMKG), such as integrated early warning of the earthquake and tsunami-resistant
system instrument, sirens for tsunami terminal building, which can accommodate
early warning, and tsunami early warning all people at the airport, including passengers,
receiver; employees, visitors, and others
5. Build protective structures in the airport 2. Design a terminal building with a wider
area, especially on the sea side to withstand second floor and a ground floor that has many
tsunamis up to a certain height; openings and access to the outside in order to
6. Increase the height of the airport ground reduce the impact of a tsunami
floor at elevation +9.0 m, compared to the 3. Prepare the ground floor of the terminal
magnitude of NYIA airport at 8.5 m; building and its facilities that may be affected
7. Put more people’s activities upstairs and by a tsunami, while the above floor can be used
put utilities downstairs. as an evacuation site to minimize casualties
4. Plan for NYIA to be used as a temporary
• Prepare NYIA as a Disaster Evacuation Shelter evacuation site (TES) in the event of a disaster.
PT Angkasa Pura I (Persero) considers various

risks to human safety, including the risks
of tsunamis that may impact on people
and environment around the NYIA airport.

Organizational Structure
per 31 December 2019
Operational Audit
Senior Manager
Technical and Information

Direktur Utama
Technology Audit President Director
Senior Manager Faik Fahmi
Commercial Audit
Senior Manager Vice President
Internal Audit
Israwadi
Finance Audit
Senior Manager
Human Capital
& General Services Audit
Senior Manager
Stakeholder Relation &

Board of Director Secretary
Senior Manager
Direktur Pemasaran
Vice President
Corporate Direktur Operasi Direktur Teknik dan Pelayanan
Secretary Operation Director Technical Director Marketing and Service
Handy Director
Heryudhitiawan Wendo Asrul Rose Lukman F. Laisa
Corporate Communication
Senior Manager
Devy Suradji
Vice President Vice President Vice President Project Management Vice President Vice President Vice President Project Management
Vice President Vice President PTS. Vice ViceAirport
President Vice President ViceAirport
President
Airport Facilities Airport Development Aeronautical Non Aeronautical Airport Services and Airport Tourism &
Airport Operation Airport Security President Airport Connectivity
Engineering & Maintenance Equipment Business Business Hospitality
Cecep M. Sonjaya Safety R. Sujiastono
Dony Subardono Herdanu Widodo Dwi Tedjowati Didik Suryanto Rahadian D. Ahmad Syaugi Yudhaprana
Yogisworo Shahab Sugarda
Safety Retail, Food & Customer

Airport Operation Airport Security Management Airport Economics Civil Aeronautical Beverage Relationship
Mechanical
Air Side Protection System & Statistics Air Side Revenue Marketing Management &
Senior Manager
Senior Manager Senior Manager Senior Manager Senior Manager Senior Manager Senior Manager Senior Manager Hospitality
Senior Manager
Airport Operation Cargo and

Airport Security Occupational Airport Planning Non Terminal Airport Property Services Planning
Land Side & Electrical Aeronautical
Screening Safety Health and Design & Landscape & Advertising & Design
Terminal Senior Manager Business Support
Senior Manager Senior Manager Senior Manager Senior Manager Marketing Senior Manager
Senior Manager Senior Manager
Senior Manager
Airport Security Services

Airport Rescue Quality Airport Terminal Building
Quality Control Monitoring &
& Fire Fighting Management Environment Senior Manager
Senior Manarolger Assurance
Senior Manager Senior Manager Senior Manager
Senior Manager

Business Legal
Senior Manager
Vice President
Legal Legal Affairs
Senior Manager
I Wayan Sutawijaya
Regulation
Senior Manager
Corporate Planning
Senior Manager
Vice President
Corporate
Planning &
Transformation
Ramdan Pradarma Corporate Performance &

Change Management Senior
Manager
Compliance
Senior Manager
Direktur Sumber Daya Vice President
Manusia dan Umum Compliance &
Direktur Pengembangan Usaha Direktur Keuangan Finance and Risk Management
Business Development Director Finance Director Information Widya Wiedagdo
Technology Director
Sardjono Jhonny T. Novrihandri Risk Management
Senior Manager
Adi Nugroho
Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President Vice President
Project Management
Business Accounting Finance Procurement Human Capital Training & General Services Corporate Social
Business Information Airport Digital
Development &
Portfolio Technology Development Responsibility
International Relation
Ristiyanto Bambang Arsanto Gidionton Saritua Sulistyowati Dewi Eppy Dhanianto Maya Damayanti Djoko Wahyono Imron Qodari Rini Asriningsih Nur Sapto Winoto
Eko Wibowo Suagian Wibowo
Business Corporate Social

Planning & Subsidiary ICT Planning & Cost Accounting Treasury Material Organization Training Design Office Services Responsibility
Development Companies Govemance Senior Manager Senior Manager Procurement Development Senior Manager Senior Manager Cooperation Senior
Senior Manager Senior Manager Senior Manager Senior Manager Senior Manager Manager
Compensation & Office Facilities Corporate Social

Business Affiliate & New Business Finance Airport Operation Services Industrial Training Operation &
Research Responsibility
Portfolio Application Accounting Air Side Procurement Relation Senior Management Maintenance
Senior Manager Environment
Senior Manager Senior Manager Senior Manager Senior Manager Senior Manager Manager Senior Manager Senior Manager Senior Manager
International Career
Relations & Procurement
Enterprise Tax Management Airport Operation Management & People Asset
Strategic Planning &
Application Senior Manager Air Side Human Capital Development Management
Partnership Administration
Senior Manager Senior Manager Services Senior Senior Manager Senior Manager
Senior Manager Senior Manager
Manager
Airport Budget
Technology & Management
Network Senior Manager
Senior Manager
ICT Services
Senior Manager
GENERAL MANAGER

Profile of Board of Commissioners

Harry Z. Soeratin Ali Mochtar Ngabalin Djoko Sasono Suprasetyo Tri Budi Satriyo

Djoko Sasono
Kediri, 25 September 1963

Indonesian Citizen
Age 56 years old per December 2019
Domicile Jakarta, Indonesia
• Bachelor of Planology Engineering from Bandung Institute of Technology, 1987

• Master of Transportation Planning and Engineering from The University of Leeds,
Educational Background United Kingdom, 1994
• Doctor in Transportation Planning and Policy (Urban Engineering) from The
University of Tokyo, Japan, 2002
Training/ Certification This information can be found on page 158 in the training table in this annual report.
• Junior Planner (2002-2003)

• Head of Program and Evaluation Division, Research and Development Center for
Multimodal Transportation Management – Research and Development Agency
(2003-2005)
• Director of Spatial Planning and Environment, Deputy for Planning and
Programming Division of the Executive Agency of Rehabilitation and
Reconstruction Agency for Aceh and Nias/ BRR NAD-NIAS (2005-2006)
• Vice Deputy for Infrastructure Development II (2006)
• Vice Deputy for Environmental Infrastructure and Maintenance
Work Experience • Vice Deputy for Housing and Settlement, the Executive Agency of Rehabilitation
and Reconstruction Agency for Aceh and Nias/ BRR NAD-NIAS (2007-2008)
• Drafting Team for Multimodal Transport (2008-2009)
• Head of Center for Data and Information (2009-2012)
• Director of Urban Transportation System Development (2012-2015)
• Director General of Land Transportation (2015)
• Drafting Team for Planning & Program Document (2016)
• Expert Staff of Logistics, Multimodal Transportation & Transportation Safety (2016)
• Head of Transportation Human Resources Development Agency (2017-2018)
• Secretary General of the Ministry of Transportation (2018-present).
Appointed as President Commissioner of the Company on 19 July 2018 based on

Legal Basis of
Deecree Act of the Minister of State-Owned Enterprises Number SK-210/MBU/07/2018
Appointment
dated 19 July 2018, until 19 July 2023.
Secretary General of the Ministry of Transportation of the Republic of Indonesia (2018

Concurrent Position
- present).
The incumbent does not have any affiliation to any other members in the Board of
Affiliation Relationship
Directors or Board of Commissioners, nor Main and Controlling Shareholder position.
Shares Ownership of PT
Has no shares ownership in PT Angkasa Pura I (Persero)
Angkasa Pura I (Persero)
Term of Office 19 July 2018 – 19 July 2023 (First Term)

Harry Z. Soeratin
Commissioner
Jakarta, 14 December 1970.

Indonesian Citizen
Age 49 years per December 2019
• Bachelor of Economics in Accounting from Padjadjaran University, Bandung,

1987
• Master of Management in Accounting from University of Indonesia, 1991
Educational Background
• Ph.D Program from Business and Commerce Faculty, Keio University of Tokyo,
1999
• Doctoral Program (DMB) from Padjadjaran University, Bandung, 2016
• Inspectorate General of Ministry of Finance (1987-1992)

• Directorate General of State-Owned Enterprise Development, Ministry of State-
Owned Enterprise (1992-2008)
Work Experience • Secretariat General of Ministry of Finance (2008-2016)
• Secretariat General of Ministry of Social Affairs (2016-2018)
• Head of Education, Research and Social Counseling Agency, Ministry of Social
Affairs (2018- present)
Appointed as Commissioner of PT Angkasa Pura I (Persero) on 16 January 2018.

Legal Basis of The first legal basis of appoinment was the Decree of the Minister of State-Owned
Appointment Enterprises in the General Meeting of Shareholders Number SK-17/MBU/01/2018 dated
16 January 2018, until there is a further GMS resolution
Head of Education, Research and Social Counseling Agency, Ministry of Social Affairs,
Concurrent Position
2018 – present
Directors or Board of Commissioners, nor Main and Controlling Shareholders
Has no shares ownership of PT Angkasa Pura I (Persero)
Term of Office 16 January 2018 – present (first term)

Suprasetyo
Commissioner
Magelang, 23 May 1958

Indonesian Citizen
Domicile Depok
Educational Background • Bachelor of Chemical Engineering from Gadjah Mada University, 1985
• Sub-Section Head of Terminal Operations, Directorate General of Civil Aviation,

Ministry of Transportation (August 1992 - July 1994)
• Sub-Section Head of Airport Rescue and Fire Fighting (PKP-PK), Directorate
General of Civil Aviation, Ministry of Transportation (July 1994 - March 1999)
• Sub Directorate Head of Standardization of Public Health, Directorate General of
Civil Aviation, Ministry of Transportation (March 1999 - January 2012)
• Sub Directorate Head of Emergency Service Security, Directorate General of Civil
Aviation, Ministry of Transportation (January 2012 - May 2007)
• Transportation Attache at the Indonesian Embassy in Washington DC (May 2007
- June 2011)
• Sub Directorate Head of Aviation Security Quality Control, Directorate General of
Work Experience
Civil Aviation, Ministry of Transportation (June 2011 - December 2012)
• Sub Directorate Head of Emergency Services at the Directorate of Aviation
Security, Directorate General of Civil Aviation, Ministry of Transportation
(December 2012 - April 2013)
• Head of Hang Nadim First-Class Airport of Batam, Directorate General of Civil
Aviation, Ministry of Transportation (April 2013 - December 2014)
• Head of Authority Office of Region I Soekarno-Hatta First-Class Airport,
Directorate General of Civil Aviation, Ministry of Transportation (December 2014 -
January 2015)
• Director General of Civil Aviation, Ministry of Transportation of the Republic of
Indonesia (January 2015 - February 2017)
Appointed as Commissioner of PT Angkasa Pura I (Persero) since 4 April 2017.

Legal Basis of The first legal basis of appointment was the Decree of the Minister of State-
Appointment Owned Enterprises Decree in the General Meeting of Shareholders Number SK.65/
MBU/4/2017 dated 4 April 2017, until there is a further GMS resolution
Not holding a concurrent position in PT Angkasa Pura I (Persero), or in another

Concurrent Position
company or institution.
Directors or Board of Commissioners nor Main and Controlling Shareholders
Term of Office 4 April 2017 – present (first term)

Ali Mochtar Ngabalin

Commissioner
Fakfak, West Papua, 25 December 1968.

Indonesian Citizen
• Bachelor of Communication from Alauddin State Islamic Institute (University) of

Makassar, 1994
• Master of Communication Studies from the University of Indonesia, 2001
• Doctorate of Management from Jakarta State University, 2013
Member of Commission I, House of Representatives (DPR) Republic of Indonesia

Work Experience
(2004-2009)
Appointed as Commissioner of the Company since 19 July 2018, based on the Decree
Legal Basis of
Act of the Minister of State-Owned Enterprises Number SK-210/MBU/07/2018 dated 16
Appointment
January 2018, until 19 July 2023
Concurrent Position Presidential Office Spokesperson Staff (2018 - present)
Directors or Board of Commissioners nor Major and Controlling Shareholders
Term of Office 19 July 2018 – 19 July 2023 (first term)

Tri Budi Satriyo

Commissioner
Blora, 12 December 1961

Indonesian Citizen
• Bachelor in State Administration from Madiun Open University, 1997

• Master of Management from IMMI University, 2010
Work Experience Indonesian Air Force from 1984 to the present
Appointed as Commissioner of the Company since July 19, 2018, based on the Decree
Legal Basis of
of the Minister of State-Owned Enterprises Decree Number SK-210/MBU/07/2018
Appointment
dated 16 January 2018, until 19 July 2023
Concurrent Position Air Vice Marshal of the Indonesian Air Force (1984 – present)
Directors or Board of Commissioners nor Main and Controlling Shareholders.
Term of Office 19 July 2018 – 19 July 2023 (first term)

Profile of Board of Directors

Sardjono Jhony
Adi Nugroho Wendo Asrul Rose Devy Suradji Faik Fahmi Lukman F. Laisa Novrihandri
Tjitrokusomo

Faik Fahmi
President Director
Purbalingga, 12 December 1967.

Indonesian Citizen
Bachelor in Economics in Management of Faculty of Economics from Gadjah Mada

University, Yogyakarta, 1993
Training/ Certification This information can be found on page 159 in the training table in this annual report
• Service Director/Executive Vice President (EVP) of Service at PT Garuda Indonesia

(Persero) (April 2012-December 2014)
• Director of Commercial and Business Development at PT Angkasa Pura II
(Persero) (January 2015-11 September 2016)
Work Experience
• Port Director at PT ASDP Indonesia Ferry (Persero) (12 September 2016-21
December 2016)
• President Director at PT ASDP Indonesia Ferry (Persero) (21 December 2016-22
December 2017)
Appointed as President Director of the Company since 22 December 2017, based on

Legal Basis of the Decree of the Minister of State-Owned Enterprises Number SK-289/MBU/12/2017
Appointment concerning Dismissal and Appointment of Members of the Board of Directors of the
Company, dated on 22 December 2017, until there is a further GMS resolution.
Concurrent Position President Commissioner at PT Angkasa Pura Support since (2017 – present)
Directors or Board of Commissioners nor Major and Controlling Shareholders.
Share Ownership of PT
Term of Office 22 December 2017 – present (first term)

Novrihandri
Finance Director
Padang, pada 20 November 1971

Indonesian Citizen
• Bachelor of Economics in Accounting of Faculty of Economics from Andalas

Educational Background University, Padang, 1995
• Master of Management from Gajah Mada University, 2010
• Assistant to Deputy Director of Region I Non-Aeronautics Cooperation (2007-

2011)
Work Experience • Finance Director at PT Angkasa Pura Support (2012)
• Business Development Group Head (2013)
• Human Capital Support Expert (2014)
Appointed as Finance Director and Information Technology based on the Decree

Legal Basis of of the Minister of State-Owned Enterprises in the General Meeting of Shareholders
Appointment Number SK-222/MBU/II/2015 dated 9 November 2015, until there is a further GMS
resolution
• President Commissioner of PT Angkasa Pura Logistics( (2016 – present)

Concurrent Position
• Supervisory Board of Dapenra (2018 – present)
Has no shares of PT Angkasa Pura I (Persero) owned
Term of Office 9 November 2015 – present (First Term)

Devy W.A. Suradji

Marketing and Services Director
Jakarta, 9 April 1970.

Indonesian Citizen
• Bachelor degree in Fisheries from Bogor Agricultural University (IPB), 1993

Educational Background • Master degree in Environmental Health Management from New Haven
University, Connecticut, United States, 1996
• General Manager of Management Competence at PT Surveyor Indonesia (1996–

2004)
• Managing Director of Indonesia Friday Concepts Sdn. Bhd. (2005–2007)
• Chief Consultant at Tricon Group Indonesia (2007–2009)
Work Experience
• Marketing and Communications Director of WWF Indonesia (2009-2016)
• Special Staff to the Minister of State-Owned Enterprises (2017)
• Commissioner at PT Telkom Indonesia (Persero) Tbk (2017)
• Vice Deputy II INASGOC (2018)
Appointed as Marketing and Services Director of PT Angkasa Pura I (Persero)

based on the Decree of the Minister of Stated-Owned Enterprises Number SK-289/
Legal Basis of
MBU/12/2017 concerning Dismissal and Appointment of Members of the Board of
Appointment
Directors of PT Angkasa Pura I dated 22 December 2017, until there is a further GMS
resolution
Concurrent Position President Commisioner of PT Angkasa Pura Retail (2018 – present)
Has no ownership shares of PT Angkasa Pura I (Persero)
Term of Office 22 December 2017 – present (first term)

Wendo Asrul Rose

Operation Director
Padang, 29 December 1970

Indonesian Citizen
Bachelor of Engineering in Mechanical Engineering from National Institute of

Science and Technology, Jakarta, 1995
• Department Head of Mechanics and Engineering at PT Angkasa Pura I (Persero)

(2003-2004)
• Assistant to the Deputy Director of PT Angkasa Pura I (Persero) (2004-2009)
• Deputy Director of Monitoring Technique at PT Angkasa Pura I (Persero) (2009-
2011)
Work Experience • Head of Sepinggan International Development Project at PT Angkasa Pura I
(Persero) (2011-2013).
• General Manager of Sultan Aji Muhammad Sulaiman Sepinggan International
Airport – Balikapapan at PT Angkasa Pura I (Persero) (2013-2015).
• Acting President Director for the period of 20 November 2017 – 21 December 2017
based on the Decree of the Board of Commissioners Number 5/DK.AP.I/2017
Appointed as Operation Director of the Company based on the Decree of the

Legal Basis of
Minister of State-Owne Enterprises in the General Meeting of Shareholders Number
Appointment
SK-222/MBU/II/2015 dated 9 November 2015, until there is a further AGM resolution
Concurrent Position Commissioner at PT Gapura Angkasa (2017 – present)

Lukman F. Laisa
Technical Affairs Director
Gorontalo, 6 March 1968.

Indonesian Citizen
Bachelor of Engineering in Civil Engineering from National Institute of Technology,

Malang, 1992
• Staff of Runway Sub-Directorate of Airport Engineering Directorate in the

Ministry of Transportation (1993-2002)
• Section Head of Civil Works for Padang Baru Construction Project in the Ministry
of Transportation (2002-2005)
• Staff of Air Facilitaties of Airport Directorate in the Ministry of Transportation
(2006)
• Section Head of Airport Program and Infrastructure of Airport Directorate in the
Ministry of Transportation (2010-2013)
Work Experience
• Section Head of P2B in Area III Airport Authority, Surabaya in the Ministry of
Transportation (2014-2015)
• Section Head of Planning of Directorate General of Transportation in the Ministry
of Transportation (2014-2015)
• Head of Wamena Airport of Directorate General of Air Transportation in the
Ministry of Transportation (2015)
• Technical Director of the Public Company for Air Navigation Service Provider
Agency (2015-2017)
Appointed as Technical Affairs Director based on the Decree of the Minister of

Legal Basis of
State-Owned Enterprises in the General Meeting of Shareholders Number SK-53/
Appointment
MBU/03/2018 dated March 5, 2018, until there is a further GMS resolution
Concurrent Position President Commisioner of PT Angkasa Pura Properti (2018 – present)
Directors or Board of Commissioners.
Term of Office 5 March 2018 – present (First Term)

Adi Nugroho
Human Capital and General Affairs Director
2 May 1969
Indonesian Citizen
• Bachelor of Economics in Human Resources Management from Pancasila

University, Jakarta, 1993
Educational Background • Master degree in Marketing from Massey University, New Zealand, 2000
• Doctorate degree in Service Management from Northern Malaysia University,
2007
• Manager of Commerce and Business Development (2008-2012)

• Deputy Director of for Area II Commerce and Business Development (2012-2013)
Work Experience
• Business Development Group Head (2013)
• Project Portfolio Analyst (2013-2015)
Appointed as Human Capital and General Affairs Director based on the Decree of the
Legal Basis of
Minister of State-Owned Enterprises in the General Meeting of Shareholders Number
Appointment
SK-222/MBU/II/2015 dated 9 November 2015, until there is further GMS resolution
Concurrent Position President Commissioner at PT Angkasa Pura Hotel (2015 – present)

Sardjono Jhony Tjitrokusumo

Business Development Director
Jakarta, 5 August 1971.

Indonesian Citizen
Educational Background Alumnus of Australian Aviation College, CPL/IR/ME, 1991.
• Merpati Airlines Pilot (1991-2004)

• Silk Air Singapore Airlines (2004-2006)
• Qatar Airways (2006-2008)
• Etihad Airways (2008-2010)
Work Experience • President Director of PT Merpati Nusantara Airlines (2010-2012)
• Founder/Owner of Leste Aviation (2013)
• Founder of PT MBN (2007-2017)
• Operation Director of West Java International Airport (2015)
• Chairman of West Java Enterprises Partnership (WEP) (2016-2017)
Appointed as Business Development Director of PT Angkasa Pura I (Persero)

Legal Basis of
based on the Decree of the Minister of State-Owned Enterprises Number SK-155/
Appointment
MBU/08/2017 dated 11 August 2017, until there is a further GMS resolution
Concurrent Position Commissioner of PT Jasa Marga Bali Tol (2017 – present)
Term of Office 11 August 2017 – present (First Term)

Profile of Executive Officers
I Wayan Sutawijaya
Vice President Legal
Jembrana, Bali, 4 March 1967

Indonesian Citizen
• Bachelor of Law from 17 August 1945 University,

Educational Semarang, 1995
Background • Master degree of Management from STIE Mitra
Indonesia, Yogyakarta, 2002
• Head of Legal & Compliance (2015 - 2018)

Work Experience
• Head of Procurement (2013 - 2015)
Serving as Vice President Legal since 16 July 2018 based

Legal Basis of
on the Decree of Board of Directors Number SKEP.1130/
Appointment
KP.07.03/2018
Handy Heryudhitiawan
Vice President Corporate Secretary
Jakarta, 25 August 1976

Indonesian Citizen
• Bachelor of Economics in Public Economic

Management from College of Administrative
Educational
Sciences, State Administration Institute, 2003
Background
• Master degree in Management from Indonesian
Muslim University, Makassar, 2005
• General Manager of Sultan Aji Muhammad Sulaiman

Sepinggan Airport - Balikpapan (2017 - 2018)
Work Experience
• General Manager of Syamsudin Noor Airport -
Banjarmasin (2015 - 2017)
Serving as Vice President Corporate Secretary since

Legal Basis of
28 August 2018 based on the Decree of the Board of
Appointment
Directors Number SKEP.1649/KP.07.03/2018

Israwadi
Vice President Internal Audit
Medan, 23 August 1971

Indonesian Citizen
• Bachelor of Industrial Engineering from Bandung

Educational Institute of Technology, 1995
Background • Master degree in Management from Trisakti
University, Jakarta, 2005
• Corporate Secretary (2016 - 2018)

Work Experience • Finance Director of PT Angkasa Pura Hotel (2012 -
2016)
Serving as Vice President Internal Audit since 28 August

2018 based on the Decree of the Board of Directors
Legal Basis of
Number SKEP.1648/KP.07.03/2018 and as Director of
Appointment
Compliance, Assets and Procurement since 19 March 2020
based on Minister of SOE Decree No. SK 74/MBU/03/2020
Ramdan Pradarma
Vice President Corporate Planning &
Transformation
Jakarta, 12 January 1965

Indonesian Citizen
Age 43 years old per Desember 2019
• Bachelor in Information Management from

Educational Gunadarma University, Jakarta, 1992
Background • Master degree in Computer Science from University
of Indonesia, 2013
• Airport Services Group Head (2016 - 2018)

Work Experience • Co. General Manager of I Gusti Ngurah Rai Airport -
Bali (Commercial SBU) (2013 - 2016)
Serving as Vice President Corporate Planning &

Legal Basis of
Transformation since 16 July 2018 based on the Decree of
Appointment
the Board of Directors Number SKEP.1130/KP.07.03/2018

Widya Wiedagdo
Vice President Compliance & Risk Management
Ujung Pandang, 3 July 1971

Indonesian Citizen
Educational Bachelor of Economics in Management from Pancasila

Background University, 1994
• Acting President Director of PT Angkasa Pura Retail

(2016 - 2018)
Work Experience
• Enterprise Resource Planning Project of Angkasa
Pura I Head Office (2014 - 2016)
Serving as Vice President Compliance & Risk

Legal Basis of
Management since 16 July 2018 based on the Decree of
Appointment
the Board of Directors Number SKEP.1130/KP.07.03/2018
Cecep Marga Sonjaya

Vice President Airport Operation
Bandung, 3 Febuary 1963.

Indonesian Citizen
• Bachelor of Economics (S1) Mahasaraswati University,

Educational 2000
Background • Master of Air Transportation Management (S2), Sahid
University, 2009
• Sultan Hasanuddin Airport General Manager (2016 -

Work Experience 2018)
• Corporate Expert (2018)
Serving as Vice President Airport Operations since 16

Legal Basis of
July 2018 based on the Decree of the Board of Directors
Appointment
Number SKEP.211/KP.07.03/2019

Dony Subardono
Vice President Airport Security
Jakarta, 12 July 1976

Indonesian Citizen
Educational Bachelor of Management from STIE Mahardhika,

Background Surabaya, 2017
• Airport Security Group Head (2015 - 2018)

Work Experience • Screening Check Point Department Head (2013 -
2015)
Serving as Vice President Airport Security since 16 July

Legal Basis of
2018 based on the Decree of the Board of Directors
Appointment
Number SKEP.1130/KP.07.03/2018.
Herdanu
PTS Vice President Airport Safety
Semarang, 6 November 1981

Indonesian Citizen
• Bachelor of Civil Engineering from Trisakti University,

Educational 2002
Background • Master degree in Strategic Management from
Diponegoro University, 2009
• Transformation Management Office (2019)

• Occupational Safety Health Senior Manager (2018 –
Work Experience 2019)
• Occupational Safety Health Department Head (2017 –
2018)
Serving as Acting Vice President Airport Safety since 4

Legal Basis of
November 2019 based on the Instruction of the Board of
Appointment
Directors Number PRIN.DP.564/OM.07.03/2019

Widodo
Vice President Airport Engineering
Medan, 29 June 1967

Indonesian Citizen
Educational Bachelor of Civil Engineering from Atmajaya University,

Background Jakarta, 1994
• Project Management Office Group Head (2016 - 2018)

Work Experience
• Airport Facilities Readiness Group Head (2013 - 2016)
Serving as Vice President Airport Engineering since 16

Legal Basis of
Appointment
Dwi Tedjowati
Vice President Airport Facilities & Maintenance
Yogyakarta, 5 March 1965.

Indonesian Citizenv
Educational Bachelor of Civil Engineering from University of Indonesia,

Background Jakarta, 1990
• Airport Facilities Readiness Group Head (2016 - 2018).

Work Experience
• Project Management Office Group Head (2013 - 2016).
Serving as Vice President Airport Facilities & Maintenance

Legal Basis of
since 16 July 2018 based on the Decree of the Board of
Appointment

Didik Suryanto
Vice President Airport Equipment
Lamongan, 30 May 1965

Indonesian Citizen
Educational
Bachelor of Engineering, 2005
Background
• Airport Equipment Readiness Group Head (2018).

Work Experience • Airport Equipment Readiness Department Head of I
Gusti Ngurah Rai Airport- Bali (2016 - 2018).
Serving as Vice President Airport Equipment since 16

Legal Basis of
Appointment
R. Sujiastono
Project Management Airport Development
Lahat, 15 April 1966

Indonesian Citizen
• Bachelor of Civil Engineering, Sriwijaya University

Educational 1990
Background • Master degree in Administrative Sciences from Sam
Ratulangi University, 2006
• Project Manager of Yogyakarta International Airport

Work Experience Development (2015 - 2018)
• Civil Landside Department Head (2013 - 2015)
Serving as Project Management Airport Development

Legal Basis of
Appointment

Rahadian D. Yogisworo
Vice President Aeronautical Business
Jombang, 18 July 1972

Indonesian Citizen
Educational Bachelor of Economics from 17 Agusts University,

Background Surabaya, 1996
• Co. General Manager Commercial SBU (2016 - 2019)

Work Experience • Route Development Departement Head (2014 - 2015)
• Airlines Marketing Departement Head (2013 - 2014)
Serving as Vice President Aeronautical Business since

Legal Basis of
March 1, 2018 based on the Decree of the Board of
Appointment
Directors Number SKEP.213/KP.07.03/2019.
Ahmad Syaugi Shahab

Vice President Non Aeronautical Business
Palembang, 4 September 1976.

Indonesian Citizen
• Bachelor of Economics in Accounting, 2006.

Educational
• Master degree in Management from Mercu Buana
Background
University, Jakarta.
• Aviation Marketing Group Head (2015 - 2018)

Work Experience
• Corporate Expert Level II Human Capital Group (2015)
Serving as Vice President Non-Aeronautical Business

Legal Basis of
Appointment

Yudhaprana Sugarda
Vice President Airport Services & Hospitality

Indonesian Citizen
• Bachelor of Engineering of Civil Engineering

Department from Parahyangan Catholic University,
Educational 1991
Background • Mastere Specialization en Management
Aeroportuaire (MSMA), Ecole Nationale de L’Aviation
Civile (ENAC), Toulouse, France, 1996
• Airport Planning Group Head (2016 - 2018)

Work Experience • Head of Corporate Planning & Performance (2013 -
2016)
Serving as Vice President Airport Services & Hospitality

Legal Basis of
Appointment
Ristiyanto Eko Wibowo

Vice President Business Development &
International Relations
Kudus, 23 January 1977

Indonesian Citizen
Educational Bachelor of Economics in Management from

Background Mahasaraswati University, Denpasar 2006
• Business Development Group Head (2015 - 2018)

Work Experience • Business Planning Development Department Head
(2013 - 2015)
Serving as Vice President Business Development &

Legal Basis of International Relations since 16 July 2018 based on the
Appointment Decree of the Board of Directors Number SKEP.1130/
KP.07.03/2018

Bambang Arsanto
PTS. Vice President Business Portfolio

Indonesian Citizen
• Bachelor of Economics from Trisakti University (2000)

Educational
• Master degree in Capital Markets from University of
Background
Indonesia (2006)
• Senior Manager Subsidiaries Company Senior

Work Experience Manager (2019)
• Affiliate & New Portfolio Senior Manager (2018-2019)
Serving as Acting Vice President Business Portfolio since

Legal Basis of
7 October 2019 based on the Decree of the Board of
Appointment
Directors Number SKEP PRIN.DP.492/OM.07.03/2019.
Gidionton Saritua Suagian

Vice President Information Technology
Depok, 25 January 1984.

Indonesian Citizen
• Bachelor of Industrial Engineering from University of

Educational Indonesia
Background • Master degree in Industrial Engineering from
Mercubuana University
• Profesional Services Director of TIBCO Indonesia (2017

Work Experience – 2019)
• Senior Manager of Accenture (2005 – 2017)
Serving as Vice President Information Technology since

Legal Basis of
June 2019 based on the Decree of the Board of Directors
Appointment

Sulistyowati Dewi
Vice President Accounting
Magelang, 17 January 1969

Indonesian Citizen
• Bachelor of Economics in Accounting from Gajah

Educational Mada University, 1993
Background • Master Degree in Management from Airlangga
University, 2013
• Accounting Group Head (2015 - 2018).

Work Experience • Finance Information Technology Department Head
(2013 - 2015).
Serving as Vice President Accounting since 16 July 2018

Legal Basis of
based on the Decree of the Board of Directors Number
Appointment
SKEP.1130/KP.07.03/2018
Eppy Dhanianto Wibowo

Vice President Finance
Jakarta, 22 October 1978

Indonesian Citizen
Age 41 years old per 31 December 2019
Educational Bachelor of Economics in Management from University of

Background Indonesia, 2002
• Head of Risk Management & Corporate Planning

Work Experience (2017 - 2018)
• Non-Aviation Marketing Group Head (2015 - 2017)
Serving as Vice President Finance since 16 July 2018

Legal Basis of
based on the Decree of the Board of Directors Number
Appointment
SKEP.1130/KP.07.03/2018

Maya Damayanti
Vice President Procurement
Palembang, 25 May 1971

Indonesian Citizen
• Bachelor, Civil Engineering (S1), Universitas Indonesia,

Educational 1995
Background • Master of Finance Management (S2), Prasetya Mulya
Business School, 2010
• Airport Facilities Readiness Department Head Juanda

Airport, Surabaya (2018 – 2019)
• Civil Airside Department Head, Head Office (2013
Work Experience
-2018)
• Corporate Performance Monitoring & Evaluation
Department Head, Head Office (2013);
Serving as Vice President Procurement since April 1,

Legal Basis of
2019 based on the Instruction of the Board of Directors
Appointment
Number SKEP.635/KP.07.01/2019.
Djoko Wahyono
Vice President Human Capital
Semarang, 30 August 1970.

Indonesian Citizen
• Bachelor of Economics in Accounting, 2006

Educational
• Master of Science from STIE Dharma Putra,
Background
Semarang, 2010
• Human Capital Support Expert (2017 - 2018).

Work Experience
• Budget Management Department Head (2014 - 2017).
Serving as Vice President Human Capital since 27

Legal Basis of
September 2018 based on the Decree of the Board of
Appointment

Imron Qodari
Vice President Training & Development
Jakarta, 22 November 1970

Indonesian Citizen
• Bachelor of Marketing Management from IKOPIN,

Educational Jakarta, 1994
Background • Master Degree in Marketing Management from
Mercu Buana University, 2005
• Human Capital Group Head (2014 - 2018)

Work Experience • Organization Development & Change Management
Department Head (2013 - 2014)
Serving as Vice President Training & Development since

Legal Basis of
27 September 2018 based on the Decree of the Board of
Appointment
Rini Asriningsih
Vice President General Services
Maros, 31 December 1966

Indonesian Citizen
• Bachelor (S1), Civil Law Department, Gadjah Mada

Educational University Yogyakarta (1992)
Background • Master of Business Law, Padjadjaran University
Bandung (2006)
• Head of the New Airport Transfer Team (2018-2019)

Work Experience
• Head of Procurement (2016-2018)
Serving as Vice President General Services since April

Legal Basis of
2, 2019 based on the Decree of the Board of Directors
Appointment

Nur Sapto Winoto

Vice President Corporate Social Responsibility
Klaten, 25 April 1968

Indonesian Citizen
• Bachelor, Electronics and Instrumentation, Gadjah

Educational Mada University, 1992
Background • Master Degree in Business Administration from
Bandung Institute of Technology, 1995
• Training & Development Group Head (2016 - 2018)

Work Experience • General Manager of I Gusti Ngurah Rai Airport - Bali
(2011 - 2016)
Serving as Vice President Corporate Social Responsibility

Legal Basis of
since 27 September 2018 based on the Decree of the
Appointment
Board of Directors Number SKEP.1957/KP.07.03/2018

Human Resources Management
Human resources (HR) are an important asset for PT Angkasa Pura I (Persero), especially with respect to
sustainability and improving business quality. In this regard, the Company seeks to recruit the best talent
by promoting the principles of openness, fairness, and equality based on the competencies of candidates.
The recruitment strategy shall also be aligned with the needs of the company and take into account the
availability of local or national workforce.
Employee Composition by Organizational

Level
As of the end of 2019, Angkasa Pura I had a total of Furthermore, the majority of employees are
3,355 employees, the number decreased by 0.44% male, namely 2,516 persons or 75% as of end-2019.
or 15 people compared to the previous year. Based However, the disproportionate figure in terms of
on the Class of Position, the largest proportion is gender balance is not indicative of a discrimatory
in Class 11, 12, and 13 by 831, 574, and 532 people policy, rather PT Angkasa Pura I (Persero) considers
included in airport operational and engineering that the significant difference is because the
employees. Employees in this field are the largest level of interest in men is greater than women in
component of the composition of employees at PT working with an airport management company.
Angkasa Pura I (Persero).

Employee Composition By Organizational Level in 2017-2019
2019 2018 2017
Class of
Position
Male Female Total Male Female Total Male Female Total
1 1 0 1 2 0 2 14 2 3
2 6 1 7 8 1 9 7 1 8
3 33 5 38 37 4 41 40 4 44
4 8 0 8 7 0 7 8 0 8
5 66 9 75 55 9 64 55 7 62
6 119 22 141 124 19 143 120 17 137
7 21 8 29 13 6 19 11 7 18
8 317 59 376 307 65 372 293 60 353
9 42 16 58 53 14 67 71 16 87
10 66 70 136 47 58 105 37 52 89
11 562 269 831 560 268 828 573 258 831
12 438 135 573 487 151 638 480 144 624
13 406 126 532 373 116 489 354 87 441
14 161 50 211 141 42 183 146 42 188
15 254 71 325 314 79 393 353 91 444
Part Timers
(Director and 12 2 14 12 2 14 11 2 13
Commissioner)
Total 2.512 843 3.355 2.540 834 3.374 2.573 790 3.350
Employee Composition By Education

Level
Based on education level, the highest number had bachelors degree by 31.38%. In general, there
of employees graduated from elementary to are no significant changes in the employee
high school by 1,184 persons or 42.54% of total composition by education level from the previous
employees, while the second largest composition year.

Employee Composition By Education Level in 2017-2019
2019 2018 2017
Education Level
S3 / Doctorate 2 0 2 2 0 2 0 0 0
S2/ Post-
Graduate 64 33 94 70 33 103 68 31 99
(Master)
Undergraduate
693 359 1.052 708 362 1,07 638 312 950
(Bachelor)
Associate’s
572 206 778 530 188 718 501 154 655
Degree
Elementary –
1.184 245 1.429 1,232 251 1483 1.355 291 1,646
High School
Total 2.515 843 3.355 2.540 834 3.374 2.562 788 3.350
Employee Composition By Status Level
In 2019, most of the personnels or 3,066 persons assigned military personnel, part timers, and
working in PT Angkasa Pura I (Persero) have candidate status. There is no significant change in
permanent employee status, while a small number employee composition by level status compared to
of other personnel have second civil servant, the previous year.
Employee Composition By Status Level in 2017-2019
2019 2018 2017
Employment
Status
Permanent
2.311 752 3.063 2,27 740 3,01 2.155 663 2,818
Employee
Second Civil
42 1 43 44 1 45 51 2 53
Servant
Assigned
Military 6 0 6 6 0 6 8 0 8
Personnel
Part Timers 12 2 14 12 2 14 11 2 13
Candidate 141 88 229 208 91 299 337 .121 458
Total 2.512 843 3.355 2,54 834 3,374 2.562 788 3,35

Employee Composition By Age Group
Based on age group, as of end-2019, PT Angkasa employees aged 26-35 years, while the smallest
Pura I had a fairly even distribution of the employees age group was in the category of over 56 years.
with the largest proportion of young people in the This indicates that adequate human resources are
category of between 26-35 years. There were 808 available for the long run.
Employee Composition By Age Group in 2017-2019
2019 2018 2017
Age Group
>56 2 1 3 1 1 2 5 1 6
51-56 302 50 352 332 52 384 366 61 427
46-50 248 68 316 244 62 306 243 52 295
41-45 289 88 377 296 88 384 274 90 364
36-40 297 107 404 280 100 380 294 94 388
31-35 519 124 643 470 114 584 423 104 527
26-30 524 284 808 552 267 819 558 236 794
21-25 331 121 452 354 142 496 381 140 521
<20 0 0 0 11 8 19 18.00 10 28
Total 2512 843 3355 2.540 834 3.374 2.562 788 3.350
Composition By Working Period and

Gender
PT Angkasa Pura I (Persero) employees generally treated equally according to competencies and
have a working period of more than five years. As performance assessed in a professional manner.
of 31 December 2019, 1,230 persons or 36.62% of In 2019, there were 2,516 males, or 74.9% of total
employees had working period of less than five employees. Although there were more male
years. The high working period indicates a fairly employees than female ones, this is not due to the
good level of employee loyalty, one of which can company’s discrimination policy against certain
be elicited by customer satisfaction. employees. The company considers that there
are various factors causing these differences,
In terms of gender equality, PT Angkasa Pura including employee interest, work motivation and
I (Persero) had male and female employees other aspects.

Employee Composition By Working Period in 2017-2019 (in person denomination)
2019 2018 2017
Working Period
>30 17 1 18 24 6 30 31 12 43
26-30 265 52 317 261 33 294 252 32 284
21-25 369 113 482 399 134 533 314 70 384
16-20 138 26 164 176 26 202 310 100 410
11 15 490 140 630 566 176 747 367 115 417
6 10 394 120 514 435 105 540 367 53 420
0-5 839 391 1230 122 906 1,028 986 406 1.392
Total 2.512 843 3.355 1.983 1.386 3.369 2.562 788 3.350
Employee Composition By Work Area
The highest number of employees was in Ngurah Rai Airport Bali and the Head Office. In 2019, 582
employees or 17.33% of total employees worked in work area of Ngurah Rai Airport-Bali.
Comparison of Number of Employees by Work Area 2017 - 2019
Year
Description
2019 2018 2017
Head Office 512 479 494
Ngurai Rai Airport – Bali 582 609 607
Juanda Airport – Surabaya 375 388 394
Sultan Hasanuddin Airport – Makassar 249 258 256
Sepinggan Airport – Balikpapan 243 288 283
Frans Kaisiepo Airport – Biak 65 91 85
Sam Ratulangi Airport – Manado 153 169 159
Adisutjipto Airport – Yogyakarta 251 170 174
Adi Soemarmo Airport – Solo 113 112 112
Syamsudin Noor Airport – Banjarmasin 149 156 150
Jenderal Ahmad Yani Airport - Semarang 177 148 152
Lombok Airport – Praya 188 192 185

Comparison of Number of Employees by Work Area 2017 - 2019
Year
Description
2019 2018 2017
Pattimura Airport – Ambon 93 118 111
El Tari Airport - Kupang 108 114 105
Commercial SBU in Bali 29 32 32
Jenderal Ahmad Yani International Airport

13 18 19
Development Project
Adisucipto International Airport Development

23 16 17
Project
Syamsudin Noor International Airport Development

21 16 15
Project
Sultan Hasanuddin Airport – Makassar Development

11 0 0
Project
TOTAL 3.355 3.374 3.350

Shareholder Composition
Shareholder Composition of PT Angkasa Pura I (Persero)
Issued and Paid-Up

Shareholders Shares Ownership Total
Share Capital
Government of the
6.414.412.000 100% Rp6.414.412.000
COMPOSITION OF 20 LARGEST SHAREHOLDERS COMPOSITION OF LESS THAN 5% COMMUNITY

SHAREHOLDERS
As of 31 December 2019, PT Angkasa Pura I (Persero)
was a State-Owned Enterprise whose shares were As of 31 December 2019, PT Angkasa Pura I (Persero)
100% owned by the Republic of Indonesia. Thus, had not become a listed company in the stock
there is no information on the composition of 20 market yet. Thus, there was no information on the
largest shareholders. composition of less than 5% or more community
shareholders .
COMPOSITION OF 5% OR MORE SHAREHOLDERS
SHAREHOLDING BY BOARD OF COMMISSIONERS
As of 31 December 2019, PT Angkasa Pura I (Persero) AND DIRECTORS
was a State-Owned Enterprise whose shares
were 100% owned by the Republic of Indonesia. As of 31 December 2019, PT Angkasa Pura I (Persero)
Information on the composition of 5% or more was a State-Owned Enterprise whose shares
shareholders of the Company has been explained were 100% owned by the Republic of Indonesia.
in the description of shareholders composition. Thus, there was no Shareholding by the Board
of Commissioners and the Board of Directors
in PT Angkasa Pura I (Persero), either directly or
indirectly.
INFORMATION ON MAIN AND CONTROLING SHAREHOLDER
The Company’s Main and Controlling Shareholder Thus, PT Angkasa Pura I (Persero) does not have
is the Government of the Republic of Indonesia, individual Main and Controlling Shareholder.
owning 100% of the company’s shares.
Government of
the Republic of
Indonesia
100%

Subsidiaries, Associated Entities and

Foundations
In order to increase its non-aeronautical business related fields, such as transportation, hotels and
revenue and increase the customer satisfaction property. As of 31 December 2019, PT Angkasa Pura
index (CSI) score, PT Angkasa Pura I (Persero) I (Persero) owned five subsidiaries as shown in the
has a number of subsidiaries engaged in various following table.
Subsidiaries of PT Angkasa Pura I (Persero) per 31 December 2019
Year of Operational Total Assets

Name Business Field Shareholding
Establishment Status (Rupiah)
Management of
Services Related
PT Angkasa to (Cargo & Post),
98,00% 2012 Operating 302.908.237.90
Pura Logistik Warehousing,
Regulated Agent,
Logistics Business
Hospitality, Lounge,
PT Angkasa F&B, Inflight
99,99% 2012 Operating 537.395.635.427
Pura Hotel catering, Travel
Management
PT Angkasa
Property, Contractor 99,96% 2012 Operating 738.816.757.815
Pura Properti
PT Angkasa ICT, Equipment,

99,81% 2012 Operating 1.393.988.229.422
Pura Support Services, Parking
PT Angkasa Retail travel, F&B,

97,50% 2014 Operating 90.226.171.612
Pura Retail Marketing Services
Subsidiaries
PT Angkasa Pura Logistik
Vision To become an integrated and reliable national logistics services company in

Indonesia.
Mission • To provide integrated logistics services that are solutive, professional and
innovative for customer satisfaction.
• To improve the capability, build employee capacity and prosperity.
• To develop synergy with business partners
• To maximize values for shareholders and other stakeholders.
• To make a positive contribution to society and the environment.

The establishment of the Company has been Pura Logistics is Rp 80,000,000,000 divided into
approved by the Board of Commissioners of PT 80,000 shares. Initially, the issued and paid up capital
Angkasa Pura I (Persero) set forth in the Decree of of PT Angkasa Pura Logistics was Rp 21,000,000.00.
the Board of Commissioners No. 194/DK.AP/2011. An additional paid-in capital of Rp 25,000,000,000
Further, the establishment of PT Angkasa Pura was placed based on the General Meeting of
Logistics was based on the Company’s Deed of Shareholders on October 5, 2016. PT Angkasa Pura
Establishment Number 01 by Notary Nanda Fauz I (Persero) owns 24,500 shares of its subsidiary with
Iwan S.H., M.Kn. dated January 6, 2012. The Deed has par value of Rp 1,000,000 per share. Thus, the total
been ratified by the Decree of the Minister of Law value of its holdings is Rp 24,500,000,000 or 98%
and Human Rights of the Republic of Indonesia of total shares. The PT Angkasa Pura I (persero)
Number AHU-03158.AH.01.01. dated 18 January 2012 Employee Cooperative Center owns the balance
and has been published in the State Gazette of the amount of Rp 500,000,000 in shares.
Republic of Indonesia No. 32 dated 19 April 2013,
Supplement to the State Gazette of the Republic of The latest amendment of the Articles of Association
Indonesia No. 10269 (“Deed of Establishment of PT of PT Angkasa Pura Logistics was amended based
Angkasa Pura Logistics”). on Deed of Resolutions of the Shareholders No. 08
dated 18 July 2018, drawn up before Notary Nanda
PT Angkasa Pura Logistik is engaged in managing Fauz Iwan, S.H., M.Kn. and was approved by the
related services (cargo and post), warehousing, Ministry of Law and Human Rights based on Decree
regulated agents, and logistics. The authorized No. AHU-AH.01.03-0223815 dated 19 July 2018.
capital placed for the establishment of PT Angkasa
Shareholding Composition of PT Angkasa Pura Logistics per 31 December 2019
Shareholder Capital Investment (Rp) Stock Unit Percentage
PT Angkasa Pura I (Persero) 24.500.000.000 24.500 98,00%
Pusat Koperasi Karyawan

500.000.000 500 2,00%

The composition of the Board of Commissioners and Board of Directors of PT Angkasa Pura
Logistics per 31 December 2019 is as follows:
President Commissioner : Novrihandri
Commissioner : Parlindungan Situmorang
Commissioner : Marsda (Purn) Bambang Agus
Margono
Commissioner : M. Basuki Mardianto
President Director : Danny P. Thaharsyah
Director of Cargo Terminal and Regulated Agent : Ahmad Munir
Acting Director for Logistics and Business Development : Danny P. Thaharsyah
Finance Director : Ridwan Moeis
PT Angkasa Pura Hotel
Vision To be the best airport-based provider of integrated accommodation and catering

services in Indonesia.
Mission • To provide integrated accommodation and catering services for customer

satisfaction.
• To improve professionalism and shape employee’s hospitality character
• To maximize the value of shareholders and support airport service enhancement.
• To optimize synergy with business partners, affiliated companies and the
governments.
• To provide positive contribution to the community and contribute to the
development of green airport.

PT Angkasa Pura Hotel was established upon the total capital of Rp 119,865,000,000. The increase in
approval of the Board of Commissioners through the paid-up capital has been notarized under Deed
the Decree of the Board of Commissioners No. 192/ No. 01 dated 18 February 2013 by Notary Nanda Fauz
DK.API/2011 dated 15 December 2011. PT Angkasa Iwan, S.H., M.Kn. and has been approved by the
Pura Hotel was established based on the Deed No. Ministry of Law and Human Rights in its Decree No.
03 by Notary Nanda Fauz Iwan, S.H., M.Kn. dated AHU-12360.ah.01.02 dated 11 March 2013. With the
6 January 2012 and has been ratified through the amendment to the deed, the authorized capital has
Decree of the Minister of Law and Human Rights increased to Rp 400,000,000,000 and the paid-up
No. AHU-03688.AH.01.01. dated 20 January 2012. capital amounted to Rp 119,904,000,000.
PT Angkasa Pura Hotel is engaged in the business of Furthermore, the authorized and paid up capital
hotel operations, lounge, inflight catering, and travel were further amended in 2017 based on the
management. This subsidiary was established with deed of amendment to Articles of Association
an authorized capital of Rp 120,000,000,000 divided No.16 dated 17 February 2017 from Notary Nanda
into 120,000 shares with par value of Rp 1,000,000 Fauz Iwan, S.H., M.Kn. that was approved by the
per share. At the beginning of establishment, the Ministry of Law and Human Rights in Decree
fully paid up capital was Rp 35,500,000,000. PT No. AHU-0005993.AH.01.02 dated 10 March 2017.
Angkasa Pura I (Persero) holds 99.99% shares with The authorized capital of PT Angkasa Pura Hotel
35,460 shares worth a total of Rp 35,460,000,000. increased to Rp 2,000,000,000,000 and the paid-
up capital amounted to Rp 649,904,000,000. With
Based on the Letter of Approval of the Ministry these changes, the paid up capital of PT Angkasa
of State-Owned Enterprise (SOEs) No. S-726/ Pura I (Persero) in its subsidiary amounted to Rp
MBU/2012 dated 14 December 2012 concerning the 649,864,000,000.
approval of the additional capital injection of PT
Angkasa Pura I (Persero) to PT Angkasa Pura Hotel
(Subsidiary), the Company has increased its capital
contribution by Rp 84,404,000,000, bringing the
Shareholding Composition of PT Angkasa Pura Hotel per 31 December 2019

40.000.000 40 0,01%
As of 31 December 2019, the composition of the Board of Commissioners and Board of Directors
of PT Angkasa Pura Hotel is as follows:
President Commissioner : Adi Nugroho
Commissioner : Dadun Kohar
Commissioner : Najih Prastiyo
Commissioner : Leonardy Putra Negara Siregar
President Director : Bendady Hindom Pramono
Acting Director of Design, Operations and Marketing : Bendady Hindom Pramono
Finance, Personnel and Administration Director : Kukuh

PT Angkasa Pura Properti
Vision To become a trusted property developer for airport area and its surroundings in
Indonesia. Particularly PT Angkasa Pura Property is an Airport City Developer.
Mission • To develop the land owned by the Holding Company according to the market
potential and trend by taking into account environmental aspects and services to
consumers.
• To provide added value to shareholders.
• To conduct a professional synergy with business associates.
• To build competent human capital having integrity, creativity, and positive values.
• To achieve a harmonious relationship with the stakeholders,
• To develop property services and other supporting industries.

PT Angkasa Pura Properti was established based Pura Property increased from Rp 42,000,000,000
on Deed of Establishment No.02 dated 6 January to Rp 168,000,000,000, divided into 168,000 shares
2012 by Notary Nanda Fauz Iwan, S.H., M.Kn. with with par value Rp 1,000,000 per share. PT Angkasa
the approval of the Board of Commissioners of Pura I (Persero) owns 99.96% or 167,940 shares of PT
PT Angkasa Pura I (Persero) No. 193/DK.API/2011 Angkasa Pura Property.
dated 15 December 2011. The establishment of this
company has been ratified by the decree of the
Minister of Law and Human Rights No. AHU-03704.
AH.01.01 dated 20 January 2012.
PT Angkasa Pura Properti is engaged in the property

and contractors. Based on Deed No. 16 dated 29
January 2014, the authorized capital of PT Angkasa
Shareholding Composition of PT Angkasa Pura Property per December 31, 2019

60.000.000 60 0,04%
The composition of the Board of Commissioners and Board of Directors of PT

Angkasa Pura Property per 31 December 2019 is as follows:
President Commssioner : Lukman F. Laisa
Commissioner : Iskandar
Commissioner : Yusfandri Gona
President Director : Hendra Lesmana
Finance & Administration Director : Dolly A. Prameswari
Technical Director : Andiko Surya Widjaya
Business Development Director : Dolly A. Prameswari

Vision To become an international standard supporting company engaged in the airport and
other infrastructure industries.
Mission • To provide superior products/ services with international standards to increase

customer satisfaction.
• To increase the capacity and capability of Human Resources to encourage
sustainable business growth.
• To maximize the value of the company on an ongoing basis to improve the welfare
of shareholders, employees, and other stakeholders.
• To foster synergistic relationships with business partners.
• To provide added value and benefits for the community around business
environments.
PT Angkasa Pura Support was established based PT Angkasa Pura Support is engaged in the
on approval of the PT Angkasa Pura I (Persero) businesses of ICT, equipment, services, and
Board of Commissioners pursuant to Decree No. 17/ parking. The authorized capital was set at Rp
DK.API/2012 dated 31 January 2012. Establishment 1,000,000,000,000 divided into of 1,000,000 shares
of the subsidiary was stipulated in the Deed of with par value of Rp 1,000,000 per share. Of the
Establishment of Company No. 03 dated 9 February authorized capital, shares have been issued and
2012 by Notary Nanda Fauz Iwan, S.H. M.Kn. and has paid up amounting to Rp 250,480,000,000, with
been ratified by the Decree of the Minister of Law the shareholding of PT Angkasa Pura I (Persero) of
and Human Rights No. AHU-08735.AH.01.01 on 20 99.81%.
February 2012.

PT Angkasa Pura Support underwent a change M.Kn. Approved by the Ministry of Law and
in the latest articles of association based on the Human Rights based on Decree Number AHU-
Deed of Shareholders Decree No. 10 dated 31 0090368.AH.01.02 Year 2019 dated 5 November
October 2019 by Notary Nanda Fauz Iwan, S.H., 2019.
Shareholding Composition of PT Angkasa Pura Support per 31 December 2019
PT Angkasa Pura I (Persero) 250.000.000.000 250,000 99.81%

480.000.000 480 0.19%
The composition of the Board of Commissioners and Board of Directors of PT Angkasa Pura
Support per 31 December 2019 is as follows:
President Commissioner : Faik Fahmi
Commissioner : Pepen Supendi Yusuf
Commissioner : Moh. Winarno
Commissioner : Nelson Barus
President Director : Iwan Hartawan
Commercial Operations and Technical Affairs Director : Trikora Harjo
Finance and General Affairs Director : Sugiarto Panca K.
PT Angkasa Pura Retail
Vision To become Indonesia’s largest travel retailer providing the highest quality for partners
and customers.
Mission • To make customer satisfaction level as a benchmark to keep conducting the best
service.
• To manage 15% of commercial area within PT Angkasa Pura I (Persero) airport with
various business diversification.
• To own independent brand within 2 (two) years.
• To provide the highest added value to stakeholders both in terms of revenue and
service quality.
• To become an international-class retail company and obtain regional recognition.

PT Angkasa Pura Retail was established based PT Angkasa Pura Retail underwent the latest
on notarial deed No. 11 by Notary Nanda Fauz amendment to the articles of association based on
Iwan, S.H., M.Kn. dated 23 September 2014 and the Deed of Shareholders Decree No. 06 dated 12
has been approved by the Ministry of Law and November 2019 by Notary Nanda Fauz Iwan, S.H.,
Human Rights through its Decree No. AHU- M.Kn. Approved by the Ministry of Law and Human
26401.40.10.2014 dated 24 September 2014. Rights based on Decree No. AHU-0094574.AH.01.02
on 15 November 2019.
This subsidiary is engaged in commerce and
marketing at airports. The authorized capital of
PT Angkasa Pura Retail is Rp 200,000,000,000
divided into 200,000 shares with par value of Rp
1,000,000 per share. The issued and paid up capital
currently is Rp 50,000,000 or 50,000 shares.
Shareholding Composition of PT Angkasa Pura Retail per 31 December 2019

1.250.000.000 1.250 2,50%
As of 31 December 2019, the composition of the Board of Commissioners and

Board of Directors of PT Angkasa Pura Retail is as follows:
President Commissioner : Devy Suradji
Commissioner : Bendandy Hindom Pramono
Commissioner : Atje Muhammad Darjan
President Director : Edyana Paramitasari
Business Development & Marketing Director : Troficiendy Suroso
Finance, HR & Administration Director : Umar Supriyadi

Associated Entity
PT Angkasa Pura I (Persero) currently has two associate entities engaged in airport-related business
operations as follows:
Shareholding Composition of PT Angkasa Pura I (Persero) Entities per 31 December 2019
Total
Associated Business Year of Operational Assets
Shareholding Domicile
Entity Field Establishment Status (billion
Rupiah)
PT Gapura Ground
7,76% 1998 Operating 1.363 Cengkareng*
Angkasa Handling
PT Jasa Marga
Highway 8% 2011 Operating 1.891 Bali
Bali Tol
*) is the domicile of the branch office of warehousing at Soekarno Hatta Airport, while PT Gapura Angkasa operates
in 59 airports (30 branch offices and 29 representative offices) spreading throughout Indonesia.

1. PT GAPURA ANGKASA
PT Gapura Angkasa is a company a joint venture Currently, PT Gapura Angkasa provides the
of 3 (three) State-Owned Enterprises (BUMN), following services:
namely PT Angkasa Pura I (Persero), PT Garuda 1. Representation and Accommodation;
Indonesia (Persero) Tbk and PT Angkasa Pura 2. Load Control, communication and Departure
II (Persero). As of November 2019, there was Control System (DCS);
a change in ownership of the leading share or 3. Unit Load Device (ULD) Control;
controller, PT Angkasa Pura II (Persero) increase 4. Passenger and Baggage;
the portion of share ownership in Gapura from 5. Cargo and Post Office Mail;
the previous 31.25% to 46.62% through rights issue 6. Ramp Service;
mechanism. Following the addition this portion 7. Aircraft Servicing;
of shares, then PT Angkasa Pura II (Persero) 8. Fuel and Oil;
officially becomes a shareholder principal and 9. Aircraft Maintenance;
controller at the gate. 10. Flight Operation and Crew Administration;
11. Surface Transport;
PT Gapura Angkasa is a ground handling 12. Catering Service;
company in Indonesia, which was established 13. Supervision and Administration;
to answer the needs of Garuda Indonesia 14. Airport Security;
airline to serve ground service handling. After 15. Warehousing and Logistic;
officially established, the ground service 16. Ground Handling Consultant; and
handling which was originally handled alone by 17. Education and Training as well as Provision
Garuda, was taken over by PT Gapura Angkasa. of Ground Handling Experts.
Along with the development of the Company,
PT Gapura Angkasa, always adhere to global
service standards their activities. At present, PT
Gapura Angkasa is trusted to serve national and
international airlines in 60 airports throughout
Indonesia. Gapura’s business activities are
also currently growing, f rom ground handling
to warehousing services, executive lounge
management, hospitality services, passenger
service assistant, and learning center.
At present, PT Gapura Angkasa is trusted to serve

national and international airlines internationally
in 60 airports throughout Indonesia, with a
market distribution covering Sumatra, Java,
Bali, Lombok, Kalimantan, Sulawesi, West Nusa
Tenggara, Nusa Tenggara East, Papua and
Maluku.

2. PT JASA MARGA BALI TOL (JMBT)

PT Angkasa Pura I (Persero) participated in a 59,635 shares or equal to Rp 59,635,000 and other
consortium of investment for the construction additional paid-up capital of Rp 14,908,400.
of the Nusa Dua - I Gusti Ngurah Rai - Benoa
toll road in Bali area based on the approval The toll road management concession was
of the Decree of the Minister of State-Owned granted for 45 (forty five) years. The toll road
Enterprise No. S-549/MBU/2011 dated 25 October required a construction period of 420 days and
2011. The investment was realized through equity absorbed development funds of Rp 2.4 trillion.
share in PT Jasa Marga Bali Tol in accordance The completion of the toll road was relatively in
with the Deed of Resolutions of PT Jasa Marga line with the completion of the development of
Bali Tol No. 01 dated 11 December 2013 drawn up I Gusti Ngurah Rai Airport, where both facilities
before Notary Paulina Siti Suprimulyanti Endah were prepared for the implementation of APEC
Putri. PT Angkasa Pura I (Persero) owns 8% or 2013 activity.

Foundation
PT Angkasa Pura I (Persero) has 2 (two) foundations aimed to guarantee employee welfare, namely:
Shareholding Composition of PT Angkasa Pura I (Persero) Foundation per 31 December 2019
Business Year of Operational Total Assets

Name Shareholding Domicile
Field Establishment Status (Rp million)
Pension Fund of
Pension
Angkasa Pura I 100% 1998 Operating 1.037,88 Jakarta
Fund
(DAPENRA)
Employee Welfare
Employee
Foundation
Benefit 100% 2003 Operating 864,92 Jakarta
Angkasa Pura I
Foundation
(YAKKAP I)
1. DANA PENSIUN Angkasa Pura I (DAPENRA)
Pension Fund of Angkasa Pura I (DAPENRA) post-employment. DAPENRA was established

is a Pension Program for employees of PT on 6 October 1998 based on the Decree of the
Angkasa Pura I (Persero). The initiative to Board of Directors of PT Angkasa Pura I (Persero)
establish a pension fund was undertaken as a Number KEP.1156/KU.60/1998 and ratified by
form of Post-Employment Benefit as well as the Decree of the Minister of Finance Number
Corporate Social Responsibility to ensure the KEP.393/KM.17/1999 dated 15 November 1999.
welfare of its employees during retirement or

The composition of Supervisory Board of Pension Fund of Angkasa Pura I (DAPENRA) per
31 December 2019 is as follows:
Chairman : Novrihandri (Representative of Employer)
Member : Adi Nugroho (Representative of Employer)
Member : Milda (Representative of Active Participant)
The composition of DAPENRA Board is as follows:

President Director : Saf rizal
Memberships and Finance Director : Purwanto
2. YAYASAN KESEJAHTERAAN KARYAWAN Angkasa Pura I

(YAKKAP I)
Employee Welfare Foundation Angkasa Pura Welfare Foundation Angkasa Pura I (YAKKAP I)
I (YAKKAP I) is a foundation in the social and with the latest amendment on the latest Articles
humanitarian field to improve the welfare of Association announced in the State Gazette of
of Participants of Anuity Program, Health the Republic of Indonesia Number 68 dated 25
Maintenance Assistance Program, and other August 2006, Supplement to the State Gazette of
assistance programs. This Foundation was the Republic of Indonesia Number 550 of 2006.
established by PT Angkasa Pura I (Persero) in 2006 The Deed has been ratified by the Decree of the
with an authorized capital of Rp 101,117,437,230. Minister of Law and Human Rights No. C.883.
The establishment of the Foundation was set HT.01.05.TH 2006 dated 5 May 2006.
forth in the Deed of Establishment of Employee
The composition of Trustee, Supervisors, and Administrators of YAKKAP I

as of end-2019 is as follows:
Trustee : Adi Nugroho (Human Capital and General Affairs Director)
Supervisor : Imron Qodari
: Rusli Amrin
: Eppy Dhanianto Wibowo Administrators (Member)
: M. Mardiath (Member)
Administrators
Chairman : Irwan Garniwa
Secretary : Tris Gunarso
Treasurer : Wisnu Darmojo

Chronological Issuance of Shares

The shares of PT Angkasa Pura I (Persero) are 100% number of shares, par value, offer price from the
owned by the Government of the Republic of initial listing to the end of the financial year and the
Indonesia with the total issued and paid-up shares name of the Stock Exchange in which the company’s
amounting to Rp 6,414,412,000,000 or 6,414,412 shares are listed.
shares. As of 31 December 2019, PT Angkasa Pura I
(Persero) had not listed any of their shares on the The chronology of the Company’s establishment and
Indonesia Stock Exchange. Therefore, this Annual the Issuance of the Company’s shares is summarized
Report contains no information on the share listing, as follows:
Legal Basis
(Government
No Ratification Concerning Remark
Regulation (GR) or
Deed)
1 Government - The transfer of the -

Regulation Number form of Public
5 of 1992 Company (PERUM)
Dated 4 February Angkasa Pura I into
1992 a Limited Liability
Company (Persero)
2 Government - The addition of The addition of Capital investment

Regulation Number Capital Investment of the State of the Republic of
48 of 1992 of the State of Indonesia at Adi Sumarmo Airport
Dated 29 August the Republic of in Surakarta, Adisutjipto Airport
1992 Indonesia into in Yogyakarta and Syamsuddin
the Share Capital Noor Airport in Banjarmasin into
of Angkasa Pura I the share capital of Angkasa Pura I
(Persero) (Persero).
The value of the additional

State Capital Investment shall
be stipulated by the Minister of
Finance based on the calculation
performed jointly by the Ministry
of Finance and Ministry of
Transportation
3 Deed of Ratified by the Minister - It has been announced and

Establishment of of Justice Decree No. published in the State Gazette of
a Limited Liability C2-2470.HT.01.01.Th.93 the Republic of Indonesia dated 29
Company Angkasa dated 24 April 1993 June 1993, Number 52, Supplement
Pura I (Persero) No. to the State Gazette of the Republic
1 dated 2 January of Indonesia Number 2914
1993 as Amended
by Deed of Repair
No. 95 dated 19
March 1993 (Deed
of Establishment) by
Notary Muhani Salim
S.H

Legal Basis
(Government
Regulation (GR) or
Deed)
4 Deed of Transfer Ratified by the Minister - Transfer of rights to shares from

of Rights to Shares of Justice Decree No. Mr. Drs. Anwar Djanah (Head of
Number 2 dated 2 C2-2470.HT.01.01.Th.93 Administration of State-Owned
January 1993 with dated 24 April 1993 Enterprises) to Mr. Soedjono
Notary Muhani Salim Kramadibrata (Secretary General of
S.H. the Department of Transportation
acting for and on behalf of the
Republic of Indonesia), namely all
existing rights for use and exercise
by Mr. Drs. Anwar Djanah for 1 (one)
priority share with par value of Rp
1,000,000.00 in PT Angkasa Pura I
(Persero)
5 Government - The addition of The transfer of Polonia - Medan

Regulation No. 26 of Capital Investment Airport Commercial Development
1994 of the State of of a Limited Liability Company
Dated 30 August the Republic of (PERSERO) PT Angkasa Pura I
1994 Indonesia into amounts to Rp 24,804,355,003.85
the Share Capital and is stipulated as Addition of the
of a Limited State Capital Investment into the
Liability Company Share Capital of Limited Liability
(PERSERO) Angkasa Company (PERSERO) Angkasa
Pura II Pura II
6 Government - The addition of The addition of Capital Investment

Regulation No. 38 of Capital Investment of the State of the Republic of
1995 of the State of Indonesia at Achmad Yani Airport
Dated 6 November the Republic of in Semarang, Pattimura Airport
1995 Indonesia into in Ambon and Selaparang Airport
the Share Capital in Lombok into the Share Capital
of a Limited of a Limited Liability Company
Liability Company (PERSERO) Angkasa Pura I
(PERSERO) Angkasa amounting to Rp 76,535,997,213.89
Pura I

1997 of the State Indonesia at Ngurah Rai Airport
Dated 21 January the Republic of in Bali, Sepinggan Airport in
1997 Indonesia into Balikpapan, Sam Ratulangi Airport
the Share Capital in Manado, Frans Kaisiepo Airport
of a Limited in Biak, Adisutjipto Airport in
Liability Company Yogyakarta, Adi Sumarmo Airport
(PERSERO) Angkasa in Surakarta and Syamsudin
Pura I Noor Airport in Banjarmasin into
the Share Capital of a Limited
Liability Company (PERSERO)
Angkasa Pura I amounting to Rp
142,553,972,767.68

Legal Basis
(Government
Regulation (GR) or
Deed)
8 Deed of a. Received and - The reported changes are Article 10

Amendment to listed in the report paragraph (1), Article 15 paragraph
the Articles of on amendments (1) and paragraph (4)
Association of the to the Articles
Limited Liability of Association Approved by the GMS to amend:
Company PT Number C2- i. change in the term of
Angkasa Pura I No. 15 25829 HT.01.04. establishment of the
dated 16 April 1998 as TH.98 dated 19 Company;
amended by Deed of November 1998 ii. change in the purposes and
Repair No. 30 dated b. Approved by the goals of the Company;
18 September 1998 Minister of Justice iii. reduction of the authorized
(Deed No. 15/1998), of the Republic capital of the Company from
by Notary Imas of Indonesia of Rp 5,250,000,000,000.00 to Rp
Fatimah S.H. the Directorate 3,700,000,000,000.00;
General of Law iv. Reduction of paid up capital
and Legislation from Rp 1,050,000,000,000.00
pursuant to to Rp 925,000,000,000.00;
Decree No. C2- v. Dismissal of Priority Shares in
25830 HT.01.04. the Articles of Association; and
TH.98 dated 19 vi. Amendment and adjustment
November 1998 of all the Articles of Association
of the Company in accordance
with Law No. 1 of 1995
concerning Limited Liability
Companies
It has been announced and

published in the State Gazette of
the Republic of Indonesia dated 22
June 1999, Number 50, Supplement
Number 3740.

Regulation No. 40 Capital Investment of the State of the Republic of
of 1999 of the State of Indonesia into Share Capital
Dated 26 May 1999 the Republic of of a Limited Liability Company
Indonesia into Share (PERSERO) PT Angkasa Pura I
Capital of a Limited in the form of airport facilities at
Liability Company Ngurah Rai Airport, Hasanuddin
(PERSERO) PT Airport, Sepinggan Airport, Sam
Angkasa Pura I Ratulangi Airport, Adi Sutjipto
Airport, Adisumarmo Airport,
Selaparang Airport, Achmad
Yani Airport, Pattimura Airport,
Frans Kaisiepo Airport and
Syamsudin Noor Airport, whose
construction was derived from
the State Budget for Financial
Year 1996-1997 amounting to Rp
198,786,985,007.86

Regulation No. 35 of Capital Investmnet of the State of the Republic of
2000 of the State of Indonesia into Share Capital
Dated 7 June 2000 the Republic of of a Limited Liability Company
Indonesia into Share (PERSERO) PT Angkasa Pura I
Capital of a Limited in the form of all State Assets
Liability Company embedded in El Tari Airport –
(PERSERO) Angkasa Kupang, East Nusa Tenggara
Pura I Province amounting to Rp
28,157,871,692.81

Legal Basis
(Government
Regulation (GR) or
Deed)
11 Government - Addition of Capital Addition of Capital Investment

Regulation No. 19 of Investment of of the State of the Republic of
2002 the State of Indonesia into Share Capital
Dated 23 April 2002 the Republic of of a Limited Liability Company
Indonesia into Share (PERSERO) PT Angkasa Pura I in
Capital of a Limited the form of land, buildings and
Liability Company supporting facilities at Ngurah
(PERSERO) Angkasa Rai Airport in Bali, Juanda Airport
Pura I in Surabaya, Hasanuddin Airport
in Ujung Pandang, Sepinggan
Balikpapan, Sam Ratulangi
Airport in Manado, Frans Kaisiepo
Airport in Biak, Adisutjipto Airport
in Yogyakarta, Adisumarmo
Airport in Surakarta, Achmad Yani
Airport in Semarang, Syamsuddin
Noor Airport in Banjarmasin,
Selaparang Airport in Mataram and
Pattimura Airport in Ambon whose
construction and procurement was
derived from the State Budget for
Financial Year 1992/1993 to Financial
Year 1998/1999 and amounting to
Rp 37,164,682,024,51
12 Government - Reduction of Reduction of Capital Investment

2004 of the State of Indonesia in a Limited Liability
Dated 22 June 2004 the Republic Company (PERSERO) PT Angkasa
of Indonesia Pura I, which is part state assets
in a Limited embedded in the Share Capital of a
Liability Company Limited Liability Ccompany (Persero)
(PERSERO) PT PT Angkasa Pura I, namely the
Angkasa Pura I former buillding of head office of a
Limited Liability Company (Persero)
PT Angkasa Pura I (ex terminal A, VIP
Room and AMC Tower) covering an
area of 9,795 m2 and Dharma Wanita
Building covering an area of 192 m2
13 Deed of Resolutions Approved by the - This AGM approved:

of the Minister Minister of Law a. the addition of capital
of State-Owned and Human Rights investment of the State of
Enterprises of pursuant to the Decree the Republic of Indonesia
the Republic of No. W7-08937HT.01.04- into the Share Capital of the
Indonesia in the TH.2007 dated 14 Company amounting to Rp
General Meeting August 2007 875,000,000,000.00 and the
of Shareholders of issued/paid up capital of the
the Company No. 2 Company originally from Rp
dated 9 August 2007 925,000,000,000.00 to Rp
(Deed No. 2/2007) of 1,800,000,000,000.00
Notary Nanda Fauz b. an increase in the authorized
Iwan, S.H, M.Kn. capital of the Company from
Rp 3,700,000,000,000.00 to Rp
7,000,000,000,000.00
It has been announced and published

in the State Gazette of the Republic of
Indonesia dated 7 September 2007,
Number 72, Supplement Number
9120.

Legal Basis
(Government
Regulation (GR) or
Deed)
14 Deed of Resolutions Approved by the - This GMS approved upon the

of Shareholders Minister of Law change of the purposes and
Outside of the and Human Rights objectives as well as business
General Meeting pursuant to the Decree activities and amendments to the
of Shareholders of No. AHU-64347. Company’s Articles of Association
the Company No. AH.01.02.of 2008 dated as a whole to conform with Law
35 dated 15 August 16 September 2008 No. 19 of 2003 concerning State-
2008 (Deed No. Owned Enterprises, Law No. 40 of
35/2008) of Notary 2007 concerning Limited Liability
Petrus Suandi Halim, Companies, and Government
S.H. Regulation No. 45 of 2005
concerning the Establishment,
Management, Supervision and
Dissolution of State-Owned
Enterprises

the Republic of Indonesia dated
4 November 2008, Number 89,
Supplement Number 22475
15 Deed of Resolution It has been received - This GMS approved upon the
in the Company’s and listed within in amendment to the provision of
Meeting No. 34 the Legal Entity Article 11 of the Company’s Articles
dated 27 August Administration of Association by revoking the
2009 (Deed No. System database of provisions of paragraph 12 of the
34/2009) by Notary the Ministry of Law Article of Association concerning
Petrus Suandi Halim, and Human Rights the duties, authority and
S.H. pursuant to the obligations of directors.
Letter of Receipt of
Notification of Change It has been announced and
in Company Data No. published in the State Gazette of
AHU-AH.01.10-17649 the Republic of Indonesia dated
dated 13 October 2009 10 August 2010, Number 64,

Regulation No. 76 Equity Participation of the Republic of Indonesia
of 2011 of the Republic into the share capital of Limited
Dated 29 December of Indonesia into Liability Company (PERSERO)
2011 the Share Capital PT Angkasa Pura I originating
of the Limited from State-Owned Assets at
Liability Company the Ministry of Transportation
(PERSERO) PT procured by the State Budget
Angkasa Pura I (APBN) for Financial Year 1997-
1998, 1999/2000 amounting to Rp
1.388,244,029,123,52

Legal Basis
(Government
Regulation (GR) or
Deed)
17 Deed of Statement Approved by the - This GMS approved:

on the Meeting Minister of Law i. an increase in the authorized
Decision and and Human Rights capital of the Company from
Shareholders’ pursuant to the Decree Rp 7,000,000,000,000.00 to Rp
Decisions Made No. AHU-46777. 12,000,000,000,000.00.
Outside the AH.01.02.of 2012 dated 3 ii. the expenditure/placement
Company’s Meeting September 2012 of shares that are still in the
No. 5 dated 15 form of deposits (portfolio)
August 2012 (Deed amounts to 1,388,245 (one
No. 5/2012) of Notary million three hundred and
Utiek Rochmuljati eighty eight thousand two
Abdurachman, S.H., hundred and forty five)
M.Li., M.Kn. shares, each share with par
value of Rp 1,000,000.00, so
that the total worth is Rp
1,388,245.000,000.00.
iii. addition of Capital Investment
of the Republic of Indonesia
into the Company’s
capital amounting to Rp
1,388,245,000,000.00
iv. increase in initial issued and
paid-up capital from Rp
1,800,000,000,000.00 to Rp
3,188,245,000,000.00

19 October 2012, Number 84,
18 Deed of Statement It has been received - This GMS approved:

on the Approval of and listed in the Legal i. expenditure or placement
the Minister of State- Entity Administration of shares that are still in the
Owned Enterprises System database form of deposits (portfolio)
in the Company’s of the Ministry of amounts to 300,000 (three
General Meeting of Law and Human hundred thousand) shares,
Shareholders No. Rights pursuant to each share with par value
2 dated 16 January the Letter of Receipt of Rp 1,000,000.00, so
2013 (Deed No. of Notification that the total worth is Rp
2/2013) of Notary of Amendment 300,000,000,000.00
Nanda Fauz Iwan, to the Articles of ii. addition of Capital Investment
S.H., M.Kn. Association No. AHU- of the Republic of Indonesia in
AH.01.10-02672 dated 31 the Company, amounting to
January 2013 Rp 300,000,000,000.00
iii. increase in issued and
paid up capital from Rp
3,188,245,000,000.00 to Rp
3,488,245,000,000.00.

published in the State Gazette
of the Republic of Indonesia
dated 25 March 2014, Number 24,
Supplement Number 255/L

Legal Basis
(Government
Regulation (GR) or
Deed)

Regulation No. 8 of Equity Participation of the Republic of Indonesia into
2014 of the Republic the share capital of the Limited
Dated 12 February of Indonesia into Liability Company (PERSERO) PT
2014 the Share Capital Angkasa Pura I, from the diversion
of the Limited of State-Property in the Ministry
Liability Company of Transportation procured by
(PERSERO) Angkasa State Budget for Financial Year
Pura I 1991/1992, 1992/1993, 1994/1995,
1997/ 1998, 1998/1999, 2000, 2002
2004, 2005, 2006, 2007, 2008, 2009,
2010 and 2011 in the amount of Rp
2,926,166.059,117.86
20 Deed of Resolutions It has been received - This GMS approved:

of the Minister and listed in the Legal i. expenditure or placement
of State-Owned Entity Administration of shares that are still in the
Enterprises in System database of form of deposits (portfolio)
the Company’s the Ministry of Law of 2,926,167 shares, each
General Meeting of and Human Rights share with par value of
Shareholders No. pursuant to Letter of Rp 1,000,000.00, so that
S-504/MBU/08/2015 Receipt of Notification the total worth is Rp
concerning the of Amendment 2,926,167,000,000.00.
Addition of Paid- to the Articles of ii. the addition of Capital
Up Capital and Association No. AHU- Investment of the Republic of
Amendment to the AH.01.03-0972301 dated Indonesia amounting to Rp
Company’s Articles 15 October 2015 2,926,167,000,000.00.
of Association No. 11 iii. increase in issued/ paid
dated 22 September up capital from Rp
2015 (Deed No. 3,488,245,000,000.00 to Rp
11/2015) of Notary 6,414,412,000,000.00
Julius Purnawan,
S.H., M.Sc. It has been announced and
27 November 2015, Number 95,
Supplement Number 584/L

Regulation No. 25 of Equity Participation of the Republic of Indonesia into
2016 of the Republic the share capital of Limited Liability
Dated 27 June 2016 of Indonesia into Company (PERSERO) PT Angkasa
the Share Capital Pura I from the diversion of the
of Limited Liability State Property of the Ministry of
Company (Persero) Transportation procured by State
Angkasa Pura I Budget for Financial Year 2008,
2009, 2010, 2011 and 2012, with a
total value of Rp 255,096,706,122,60

Legal Basis
(Government
Regulation (GR)
or Deed)
22 Deed of Resolution It has been received - Change in Types of Shares and Amendment
of the Minister and listed in to the Company’s Articles of Association, as
of State-Owned the Legal Entity follows:
Enterprises in the Administration a. set changes in types of shares to PT
General Meeting of System database of Angkasa Pura I (Persero) from no series
Shareholders No. the Ministry of Law to Series A Dwiwarna shares and Series B
55 dated 27 March and Human Rights shares;
2019 of Notary in pursuant to the b. determine the rights of the Series A
Nanda Fauz Iwan Letter of Receipt Dwiwarma shares holders that are not
S.H. M.kn. of Notification owned by the Series B shares holders;
of Amendment c. determine authorized and paid up capital
to the Articles of of the Company as follows:
Association No. 1. Authorized Capital of Rp
AHU-.AH-01.03- 12,000,000,000,000.00, divided into
0175898 dated 28 12,000,000 shares, consisting of:
March 2019 a) 1 Series A Dwiwarna share with
par value of Rp 1,000,000.00;
b) 11,999,999 Series B shares,
each with par value of Rp
1,000,000.00 or total value of Rp
11,999,999,000,000.00
2. Paid-up Capital of Rp
6,414,412,000,000.00 comprising of:
a) 1 Series A Dwiwarna share, with
par value of Rp1,000,000.00;
b) 6,414,411 Series B shares, each with
a par value of Rp 1,000,000.00
d. Amend to Article 4 paragraph (1) and
paragraph (2), add one paragraph to
Article 4 paragraph (11), amend Article 5
paragraph (1), paragraph (2), paragraph (3)
and paragraph (4), add two paragraphs to
Article 5 paragraph (5) and paragraph (6),
amend Article 10 paragraph (7), paragraph
(10) and paragraph (25), add one point to
Article 11 paragraph (2) point b, namely
number 19), amend Article 11 paragraph
(10) points b and i, and add two points to
Article 11 paragraph (10), namely p and q,
amend Article 14 paragraph (10), paragraph
(11) and paragraph (23), add one paragraph
to Article 20, namely paragraph (5),
changing Article 23 paragraph (5), amend
Article 26 paragraph (1), paragraph (2),
paragraph (3) and paragraph (5), amend
Article 28 paragraph (3) and paragraph (5),
add one paragraph to Article 28, namely
paragraph (12), add one paragraph to
Article 29, namely paragraph (7), amend
Article 30 paragraph (13) and add one
paragraph to Article 30, namely paragraph
(14) to the Articles of Association of PT
It has been announced and published in the

State Gazette of the Republic of Indonesia
dated 30 April 2019, Number 35, Supplement
Number 14248

Chronology of Issuance
and Listing of Other Securities
The initial offering of PT Angkasa Pura I (Persero) on the Indonesia Stock Exchange (IDX) dated 23
bonds was conducted in 2016 based on Registration November 2016 pursuant to the Announcement of
Statement No. S.677/D.04/2016 dated 10 November Listing of Bond I 2016 and Sukuk Ijarah I 2016 of PT
2016 from the Financial Services Authority (OJK). Angkasa Pura I (Persero) No. Peng-P-00950 / BEI.
The initial offering comprised Bond I amounted PP2 / 11-2016 dated 22 November 2016.
to Rp 2,500,000,000 and Sukuk Ijarah I amounted
to Rp 500,000,000. The bonds have been listed
Chronology of Issuance and Listing of Bonds

Chronology of Issuance of Bonds of PT Angkasa Pura I (Persero)
Electronic
Distribution Date Listing Date on the Amount of
No Description Tenor Currency
on the Stock Stock Exchange Bonds (billion)
Exchange
1 Bond I Angkasa Pura I 22 November 2016 23 November 2016 5 Years Rp 622

Year 2016 A Series
2 Bond I Angkasa Pura 22 November 2016 23 November 2016 7 Years Rp 389

I Year 2016 B Series
3 Bond I Angkasa Pura I 22 November 2016 23 November 2016 10 Years Rp 1,489

Year 2016 C Series
Chronology of Listing of Sukuk

Chronology of Issuance of Sukuk Ijarah I of PT Angkasa Pura I (Persero)
Electronic
Distribution Date Listing Date on the Total Sukuk
No Description Tenor Currency
on the Stock Stock Exchange (billion)
Exchange
1 Sukuk Ijarah A Series 22 November 2016 10 November 2016 5 tahun Rp 268
2 Sukuk Ijarah B Series 22 November 2016 10 November 2016 7 tahun Rp 55
3 Sukuk Ijarah C Series 22 November 2016 10 November 2016 10 tahun Rp 177

Rating
Maturity Date Interest Rate Payment Status Trustee
2019 2018
22 November 2021 8.10% The 1st to 8th interest has been paid idAAA idAAA PT Bank
Mega,Tbk
Mega,Tbk
Mega,Tbk
Rating
Installment per
Maturity Date Year Payment Status Trustee
(in million) 2019 2018
22 November 2021 21,708 The 1st to the 8th ijarah idAAA(sy) idAAA(sy) PT Bank
installment of has been paid Mega,Tbk

Name and Address of Supporting

Agency/ Profession
Role Name of Agency Services Provided
TRADING AND STOCK/BOND PT Bursa Efek Indonesia Securities trading services

LISTING INFORMATION Gedung Bursa Efek Indonesia, Tower 1
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190, Indonesia
Tel : (62-21) 5150515
Fax : (62-21 5)154153
Website : www.idx.co.id
Email: listing@idx.co.id
UNDERWRITER PT Mandiri Sekuritas Securities marketing and
Plaza Mandiri Lantai 28 sales services
Jl. Jend. Gatot Subroto Kav. 36-38, Jakarta 12190
Tel : (62-21) 526 3445
Fax : (62-21) 526 3507
Website : www.mandirisekuritas.co.id
Email: corsec@mandirisek.co.id
PT Danareksa Sekuritas Securities marketing and
Gedung Danareksa, Jl. Medan Merdeka Selatan No. 14 sales services
Tel : (62-21) 29 555 777
Fax : (62-21) 350 1724 / 1725
Website : www.danareksa.com
Email: ib-group1@danareksa.com
PT BCA Sekuritas Securities marketing and
Menara BCA Lantai 41 Grand Indonesia sales services
Jl. MH. Thamrin No. 1, Jakarta 10310
Tel : (62-21) 2358 7222
Fax : (62-21) 2358 7290 / 7300/ 7250
Website : www.bcasekuritas.co.id
Email: cf@bcasekuritas.co.id
PT Bahana Securities Securities marketing and
Graha CIMB Niaga, Lantai 19 sales services
Jl. Jend. Sudirman Kav.58, Jakarta 12190
Tel : (62-21) 2505081
Fax : (62-21) 5225869
Website : www.bahana.co.id
Email: bs_ibcm@bahana.co.id
PUBLIC ACCOUNTANT OFFICE Purwantono, Sungkoro, & Surja Audit service on financial
Gedung Bursa Efek Indonesia Tower 2 Lantai 7, Jl. Jend. statements for 2018 and 2019
Sudirman Kav. 52-53 Jakarta 12190 and fees paid in:
Tel : (021) 5289 5000 2018: Rp 2,962,294,500
Fax : (021) 5289 4100 2019: Rp 2,597,430,000
Website : www.ey.com/id
SECURITY RATING AGENCY PT Pemeringkat Efek Indonesia (Pefindo) Provide rating assessment to
Panin Tower - Senayan City, 17th Floor companies
Jl.Asia Afrika Lot.19
Tel : (62-21) 7278 2380
Fax : (62-21) 7278 2370
Website:www.pefindo.com
Email: emanuel.tan@pefindo.co.id
CUSTODIAN PT Kustodian Sentral Efek Indonesia Custodian for security
Gedung Bursa Efek Indonesia, Tower 1, Lt. 5 transactions within the
Jl. Jend Sudirman Kav 52-53 Jakarta 12190 Capital Market
Tel : (62-21) 5299-1099
Fax : (62-21) 5299-1199
Website : www.ksei.co.id
Email: helpdesk@ksei.co.id

Role Name of Agency Services Provided
NOTARY Fathiah Helmi, S.H., Draw up deeds, including

Graha Irama, Lantai 6, Suite C trusteeship agreements,
Jl. HR Rasuna Said Blok X-1 Kav.1&2 Kuningan debt acknowledgement
Jakarta 12950 – Indonesia and securities underwriting
Tel : (021) 5290 7304/6 agreements, as well as deeds
Fax : (021) 526 1136 of amendment
Website : www.notaris-fathiahhelmi.com
Email: fhcozie@gmail.com
TRUSTEE PT Bank Mega Tbk Represents the interests of
Menara Bank Mega, Lantai 16 bondholders/sukuk ijarah
Jl. Kapten P. Tendean No. 12 - 14A, Jakarta 12790 holders, both inside and
Telp : (021) 79175000 outside the court in taking
Fax : (021) 7990720 legal actions related to the
Website : www.bankmega.com rights and obligations of
Email: waliamanat@bankmega.com bondholders/sukuk ijarah
holders in accordance with
the terms of the emission
LEGAL CONSULTANT Marsinih Martoatmodjo Iskandar Kusdihardjo (“MMIK”) Legal consultation services
Office 8, 15th Floor Suite H on the issuance of securities
Jalan Jend. Sudirman Kav. 52-53, Jakarta 12190, Indonesia emission
Tel : (021) 2933-2858, 2933-2859
Fax : (021) 2933-2857
Website : www.mmiklaw.co.id
Email: helen.marsinih@mmiklaw.co.id

Company Group Structure
Republic of
Indonesia
100%
98,00% 99,97% 99,61% 100% 100%
Subsidiaries
99,96% 97,50%
Associated Entity
As of 2019, PT Angkasa Pura I (Persero) is directly owned by
the Government of the Republic of Indonesia as the Main and
Controlling Shareholder. The Company owns five subsidiaries
10%
and two pension fund institutions, as well as investments
in two companies with a maximum shareholding of ten
percent. PT Angkasa Pura I (Persero) does not have a Parent
Entity, Joint Venture Company, and Special Purpose Vehicle
(SPV).
8%

Awards and Certification

Awards
INTERNATIONAL AWARDS
7 March 2019 7 March 2019

Airport Service Quality Airport Service Quality
(ASQ) Award 2019 (ASQ) Award 2019
The Best Airport in Asia-Pacific with 5-15 Million The Best Airport in the Field of Environment and
Passengers Per Year Ambience with 5-15 Million Passengers Per Year
Organizer: Organizer:
Airport Council International Airport Council International
7 March 2019 7 March 2019

Airport Service Quality Airport Service Quality
(ASQ) Award 2019 (ASQ) Award 2019
Best Airport in the Field of Customer Service with 5-15 The Best Airport in the Field of Infrastructure and
Million Passengers Per Year Facilitation with 5-15 Million Passengers Per Year
Airport Council International Airport Council International
23 November 2019
14 June 2019
Asia Sustainability
HR Asia Award 2019
Reporting Rating 2019
“Best Companies to Work for in Asia 2019 - Indonesia The Best Airport in the Field of Infrastructure and
Chapter” Facilitation with 5-15 Million Passengers Per Year
Organizer: Award Name:
Majalah HR Asia & Business Media International “GOLD” rating
Organizer:
National Center for Sustainability Reporting

NATIONAL AWARDS
22 February 2019 16 March 2019

Indonesia Digital Award 2019 Indonesia Spokesperson of The Year Award 2019
“Innovative Company in Building the Airport Operations Best Spokesperson in Building a Positive Image of Airport
Control Center” Transportation and Warehousing Management Modernization
Category Organizer:
Penyelenggara: Warta Ekonomi Magazine
Warta Ekonomi Magazine
29 March 2019 29 March 2019

National Occupational Health and Safety Month National Occupational Health and Safety Month
Anniversary 2019 Anniversary 2019
Zero Accident Award I Gusti Ngurah Rai Airport - Bali Zero Accident Award Sultan Aji Muhammad Sulaiman
Organizer: Sepinggan Airport - Balikpapan
Ministry of Manpower of the Republic of Indonesia Organizer:
Ministry of Manpower of the Republic of Indonesia
29 March 2019 29 March 2019

National Occupational Health and Safety Month National Occupational Health and Safety Month
Anniversary 2019 Anniversary 2019
Zero Accident Award Sultan Hasanudin Airport - Zero Accident Award Bandara Sam Ratulangi Airport -
Makassar Manado
Ministry of Manpower of the Republic of Indonesia Ministry of Manpower of the Republic of Indonesia

29 March 2019 29 March 2019

SOE Awards 2019 SOE Awards 2019
Best SOE Governance Award Rank Second in the Category of SOE with Best Growth
Organizer: Strategy
BUMN Track Magazine Organizer:
BUMN Track Magazine
29 March 2019 8 April 2019

SOE Awards 2019 Indonesia Maju Award 2018-2019
The Best CEO in the Category of Driving Execution The Most Visionary CEO in BUMN Merah Putih Category
Organizer: (Faik Fahmi)
BUMN Track Magazine Organizer:
Rakyat Merdeka Newspaper & Warta Ekonomi Magazine

12 April 2019 12 April 2019

HR Excellence Award 2019 HR Excellence Award 2019
‘A’ Rating in “HR Transformation” Category ‘A’ Rating in “Learning and Development Strategy”
Organizer: Category
SWA Magazine Organizer:
SWA Magazine
22 April 2019
12 April 2019
Award for HIV/AIDS Prevention and Control in
HR Exellence Award 2019
The Workplace Program

‘A’ Rating in “Compensation and Benefit” Category
Organizer:
Organizer:
SWA Magazine
19 July 2019
16 May 2019
Homecoming Season 2019
Indonesia Human Capital Award (IHCA) V 2019
Flow Management Award
- “Best in People Transformation”

“Homecoming Season 2019 Flow Management Award”
- “The Most Outstanding Human Capital Director 2019”
Organizer:
(Adi Nugroho)
Presidential Staff Office, DIKP Ministry of Communications
Organizer:
and Informatics, and Central Information Commission
Economic Review Magazine (KIP)

22 August 2019 22 August 2019

Top GRC 2019 Top GRC 2019
The Most Committed GRC Leader 2019 (Faik Fahmi) “Top GRC 2019 #3 Stars”
Top Business Magazine, National Committee on Top Business Magazine, National Committee on
Governance Policy (KNKG), Indonesian Risk Management Governance Policy (KNKG), Indonesian Risk Management
Professional Association (IRMAPA), Indonesian Institute Professional Association (IRMAPA), Indonesian Institute
of Professional Compliance (ICoPI), and Asia Business of Professional Compliance (ICoPI), and Asia Business
Research Center Research Center
19 September 2019 26 September 2019

Mental Revolution Awards 2019 RRI SOE Award 2019
“The Best Disciplined SOE” “Gold - Social Economy Contribution Award”

“The Best SOE Leader of the Mental Revolution of Mental “Gold - Customer Service Quality“
Revolution Program (Faik Fahmi)” Organizer:
Organizer: Ministry of State-Owned Enterprise
BUMN Track Magazine

9 October 2019 10 October 2019

Maritime and Fisheries Law Enforcement Award The 6th Indonesia Law Awards 2019
Maritime and Fisheries Law Enforcement Award In-House Corporate Legal Team Category - In-house
Organizer: Transportation and Logistics
Minister of Maritime Affairs and Fisheries Organizer:
Asian Legal Business
25 October 2019
25 October 2019
Public Relations Media Award 2019
Infobank Award
The Best CEO – Category of Accessibility Development “The Best SOE/ROE in the Category of Press Conference/
for Tourism 2019 News”
Organizer: “The Best SOE/ROE in the Category of Social Media”
Infobank Magazine Organizer:
Public Relations of the Ministry of Communication and
Informatics of the Republic of Indonesia
28 October 2019 5 November 2019

BUMN Award 2019 SOE Branding and Marketing Award 2019
“Top 10 SOE Business Expansion” “The Best Marketing Innovation”

Warta Ekonomi Magazine BUMN Track Magazine

5 November 2019 5 November 2019

BUMN Branding and Marketing Award 2019 BUMN Branding and Marketing Award 2019
“The Best BUMN Chief Marketing Officer” (Devy Suradji) “The Best Branding BUMN”
BUMN Track Magazine BUMN Track Magazine
4 December 2019
6 December 2019
Industry Marketing Champion and Marketeer of
The Year (MOTY) Award 2019 Bandara Awards 2019
“The Best Industry Marketing Champion 2019 for Bandara I Gusti Ngurah Rai Bali - “The Best Airport of The
Infrastructure and Utilities Sector” (Faik Fahmi) Year”
MarkPlus Magazine & Indonesia Marketing Association Bandara Magazine
(IMA)

Investor Awards 2019 Indonesia Most Admired CEO 2019
“The Best Non-Financial SOE 2019 in the Transportation & “Most Admired CEO 2019” - Kategori Excellent Leadership
Infrastructure Category” for Airports Rebranding into World Class Image (Faik
Organizer: Fahmi)
Investor Magazine Organizer:
Warta Ekonomi Magazine

Regional Awards
24 September 2019 3 October 2019

Balkondes Award ICSB Indonesia Presidential Award
“The Best Community Empowerment” “Business Practitioner”

Manajemen CBT Nusantara International Council for Small Business
22 November 2019
Bali CSR Award
“Corporate Social Responsibility Program (DCSR)”

Organizer:
Mayor of Denpasar

Certification
Certification Name: Certification Name:

Certification of Airport Certification of Airport
Business Entity Business Entity
Awardee: Awardee:
Lombok International Airport El Tari International Airport-
Kupang
Awarding Entity:
Directorate General of Awarding Entity:
Transportation, Ministry of Directorate General of
Transportation of the Republic Transportation, Ministry of
of Indonesia Transportation of the Republic
of Indonesia
Scope:
Airport Certificate Scope:
Airport Certificate
Effective Date:
10 August 2016 – Effective Date:
30 September 2021 27 November 2015 –
30 July 2020

Awardee: Awardee:
I Gusti Ngurah Adisutjipto International
Rai International Airport - Bali Airport – Yogyakarta
Awarding Entity: Awarding Entity:

Directorate General of Directorate General of
Transportation, Ministry of Transportation, Ministry of
Transportation of the Republic Transportation of the Republic
of Indonesia of Indonesia
Scope: Scope:
Airport Certificate Airport Certificate
Effective Date: Effective Date:

1 October 2015 – 30 July 2020 6 November 2015 – 30 July 2020

SeCertification of Airport Certification of Airport
Awardee: Awardee:
Sultan Hasanuddin Juanda International Airport -
International Airport – Surabaya
Makassar
Awarding Entity:
Awarding Entity: Directorate General of
Directorate General of Transportation, Ministry of
Transportation, Ministry of Transportation of the Republic
Transportation of the Republic of Indonesia
of Indonesia
Scope:
Scopev: Airport Certificate
Airport Certificate
Effective Date:
Effective Date: 30 December 2015 –
4 December 2015 – 7 July 2020 30 July 2020


Awardee: Awardee:
Sam Ratulangi International Sultan Aji
Airport - Manado Muhammad Sulaiman
Sepinggan International
Awarding Entity: Airport – Balikpapan
Directorate General of
Transportation, Ministry of Awarding Entity:
Transportation of the Republic Directorate General of
of Indonesia Transportation, Ministry of
Transportation of the Republic
Scope: of Indonesia
Airport Certificate
Scope:
Effective Date: Airport Certificate
18 December 2015 –
30 July 2020 Effective Date:
30 December 2015 –
30 July 2020

Awardee: Awardee:
Pattimura International Airport Syamsudin Noor Airport –
- Ambon Banjarmasin

Directorate General of Directorate General of
Transportation, Ministry of Transportation, Ministry of
Transportation of the Republic Transportation of the Republic
of Indonesia of Indonesia
Scope: Scope:
Airport Certificate Airport Certificate

22 October 2015 – 30 July 2020 31 August 2015 – 30 July 2020

Awardee: Awardee:
Adi Soemarmo International Jenderal Ahmad Yani
Airport – Solo International Airport –
Semarang
Awarding Entity:
Directorate General of Awarding Entity:
Transportation, Ministry of Directorate General of
Transportation of the Republic Transportation, Ministry of
of Indonesia Transportation of the Republic
of Indonesia
Scope:
Airport Certificate Scope:
Airport Certificate
Effective Date:
5 October 2015 – 30 July 2020 Effective Date:
23 November 2015 –
2 September 2020


Certification of Airport ISO 9001:2015
Business Entity
Awardee:
Awardee: I Gusti Ngurah
Frans Kaesiepo International Rai International Airport – Bali
Airport - Biak
Awarding Entity:
Awarding Entity: TUV Rheinland
Directorate General of
Transportation, Ministry of Scope:
Transportation of the Republic Passenger Service Charge
of Indonesia (PJP2U)
Scope: Effective Date:

Airport Certificate 30 January 2019 –
29 January 2022
Effective Date:
4 March 2016 – 30 July 2020

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
I Gusti Ngurah Rai International I Gusti Ngurah Rai International
Airport – Bali Airport – Bali

TUV Rheinland TUV Rheinland
Scope: Scope:
Aircraft Landing, Parking and Aircraft Cargo and Postal
Hangar Services (PJP4U) Services (PJKP2U)

30 January 2019 – 30 January 2019 –
29 January 2022 29 January 2022

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Juanda International Airport – Juanda International Airport –
Surabaya Surabaya

Lloyd’s Register TUV Rheinland
Scope: Scope:
Passenger Service Charge Aircraft Landing, Parking and
(PJP2U) Hangar Services (PJP4U)

1 November 2018 - 8 December 2017 -
31 October 2021 7 December 2020


ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Juanda International Airport – Sultan Hasanuddin
Surabaya International Airport –
Makassar
Awarding Entity:
TUV Rheinland Awarding Entity:
United Registrar of Systems
Scope: (URS)
Aircraft Cargo and Postal
Services (PJKP2U) Scope:
Effective Date: Services (PJKP2U)
19 December 2018 -
18 December 2021 Effective Date:
25 June 2016 - 24 June 2019

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Sultan Hasanuddin Sultan Hasanuddin
International Airport – International Airport –
Makassar Makassar

Scope: Scope:

14 December 2017 - 2 January 2019 - 1 January 2022
13 December 2020

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Sultan Aji Muhammad Sulaiman Adisutjipto International
Sepinggan International Airport Airport – Yogyakarta
– Balikpapan
Awarding Entity:
Awarding Entity: TUV Rheinland
TUV Rheinland
Scope:
Scope: Passenger Service Charge
Passenger Service Charge (PJP2U)
(PJP2U); Aircraft Landing,
Parking, and Hangar Services Effective Date:
(PJP4U); Aircraft Cargo and 17 January 2018 -
Postal Services (PJKP2U) 16 January 2021
Effective Date:
10 November 2017 -
9 November 2020


ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Adisutjipto International Adisutjipto International
Airport – Yogyakarta Airport – Yogyakarta

Scope: Scope:

22 Oktober 2017 - 8 January 2019 - 7 January 2022
21 Oktober 2020

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Adi Soemarmo International Adi Soemarmo International
Airport – Solo Airport – Solo

Scope: Scope:
Hangar Services (PJP4U); Services (PJKP2U)
Passenger Service Charge
(PJP2U) Effective Date:
9 January 2019 - 8 January 2022
Effective Date:
30 November 2017 -
29 November 2020

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Jenderal Ahmad Yani Jenderal Ahmad Yani
International Airport – International Airport –
Semarang Semarang

Scope: Scope:
Hangar Services (PJP4U); Services (PJKP2U)
Passenger Service Charge
(PJP2U) Effective Date:
12 June 2019 - 11 June 2022
Effective Date:
12 December 2017 -
11 December 2020


ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Syamsudin Noor International Lombok International Airport
Airport - Banjarmasin
Awarding Entity:
Awarding Entity: Lloyd’s Register
TUV Rheinland
Ruang Lingkup:
Ruang Lingkup: Passenger Service Charge
Passenger Service Charge (PJP2U)
(PJP2U); Aircraft Landing,
Parking, and Hangar Services Effective Date:
(PJP4U) 7 December 2016 -
6 December 2019
Effective Date:
15 October 2019 -
14 October 2022

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Lombok International Airport Lombok International Airport

Ruang Lingkup: Ruang Lingkup:


22 November 2017 - 8 February 2019 -
21 November 2020 7 February 2022

ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
Sam Ratulangi International Pattimura International Airport
Airport - Manado - Ambon

Ruang Lingkup: Ruang Lingkup:

Passenger Service Charge Passenger Service Charge
(PJP2U); Aircraft Landing, (PJP2U); Aircraft Landing,
Parking, and Hangar Services Parking, and Hangar Services
(PJP4U); Aircraft Cargo and (PJP4U); Aircraft Cargo and
Postal Services (PJKP2U) Postal Services (PJKP2U)

28 October 2019 - 20 December 2017 -
27 October 2022 19 December 2020


ISO 9001:2015 ISO 9001:2015
Awardee: Awardee:
El Tari International Airport - El Tari International Airport -
Kupang Kupang

Scope: Scope:
Passenger Service Charge Aircraft Landing, Parking and
(PJP2U) Hangar Services (PJP4U)
Effective Date: Scanned by CamScanner Effective Date:

6 December 2018 - 27 December 2017 -

ISO 9001:2015 OHSAS 18001:2007
Awardee: Awardee:
Frans Kaesiepo International I Gusti Ngurah Rai International
Airport - Biak Airport - Bali

TUV Rheinland Sucofindo International
Certification Services Ruang
Scope:
Aircraft Landing, Parking, Scope:
and Hangar Services (PJP4U); Airport Services
Services (PJKP2U) Effective Date:
02 January 2018 –
Effective Date: 01 January 2021
7 January 2019 - 5 January 2021

OHSAS 18001:2007 OHSAS 18001:2007
Awardee: Awardee:
Sultan Aji Muhammad Sulaiman Adi Soemarmo International
Sepinggan International Airport Airport - Solo
- Balikpapan
Awarding Entity:
Awarding Entity: Sucofindo International
Sucofindo International Certification Services Ruang
Certification Services Ruang
Scope:
Scope: Airport Services
Airport Services
Effective Date:
Effective Date: 02 January 2018 –
02 January 2018 – 01 January 2021
01 January 2021


Certificate of Occupational Certificate of Occupational
Health and Safety Health and Safety Management
Management System System Golden Flag Unit
Golden Flag Unit
Awardee:
Awardee: I Gusti Ngurah Rai International
Jenderal Ahmad Yani Airport - Bali
International Airport -
Semarang Awarding Entity:
Ministry of Manpower of the
Awarding Entity: Republic of Indonesia
Ministry of Manpower of the
Republic of Indonesia Scope:
Airport Services
Scope:
Airport Operator Effective Date:
30 July 2018 - 30 July 2021
Effective Date:
14 July 2017 - 14 July 2020

Health and Safety Management Health and Safety Management
System Golden Flag Unit System Golden Flag Unit
Awardee: Awardee:
Sultan Aji Muhammad Sulaiman Adi Soemarmo International
Sepinggan International Airport Airport – Solo
– Balikpapan
Awarding Entity:
Awarding Entity: Ministry of Manpower of the
Scope:
Scope: Airport Services
Airport Operator
Effective Date:
Effective Date: 30 July 2018 - 30 July 2021
30 July 2018 - 30 July 2021

System Golden Flag Unit System Golden Flag Unit
Awardee: Awardee:
Pattimura International Airport Syamsudin Noor Airport –
– Ambon Banjarmasin

Ministry of Manpower of the Ministry of Manpower of the
Republic of Indonesia Republic of Indonesia
Scope: Scope:
Airport Services Airport Services

29 March 2019 - 29 March 2022 29 March 2019 - 29 March 2022


Management System System
Awardee: Awardee:
El Tari International Airport – Frans Kaesiepo International
Kupang Airport - Biak

Scope: Scope:


System System
Awardee: Awardee:
Adisutjipto International Airport El Tari International Airport –
– Yogyakarta Kupang

Scope: Scope:


Health and Safety Management Health and Safety
System Management System
Awardee: Awardee:
Lombok International Airport Sam Ratulangi International
Airport - Manado
Awarding Entity:
Ministry of Manpower of the Awarding Entity:
Republic of Indonesia Ministry of Manpower of the
Scope:
Airport Services Scope:
Airport Services
Effective Date:
29 March 2019 - 29 March 2022 Effective Date:
29 March 2019 - 29 March 2022


Health and Safety Health and Safety
Management System Management System
Awardee: Awardee:
Juanda International Airport – Sultan Hasanuddin
Surabaya International Airport –
Makassar
Awarding Entity:
Ministry of Manpower of the Awarding Entity:
Republic of Indonesia Ministry of Manpower of the
Scope:
Airport Services Scope:
Airport Services
Effective Date:
29 March 2019 - 29 March 2022 Effective Date:
29 March 2019 - 29 March 2022
Education and
Training of Management
Policy
PT Angkasa Pura I (Persero) is aware of the Throughout 2019, PT Angkasa Pura I (Persero)
importance of developing management and facilitated the development of management and
employee competencies to support the company’s employee competencies through education and/
business development. Therefore, PT Angkasa or training activities that were held internally and
Pura I ensures that all employees have equal externally. There were 254 education and training
opportunity to increase their knowledge, abilities activities participated by 3490 participants in
and expertise according to their needs and 2019, both from management and employees.
interests. This is summarized in the Decree of the The number of participants decreased from
Board of Directors of PT Angkasa Pura I (Persero) 6,143 participants in 2018 to 3,490 participants
Number: KEP.167 / KP.04 / 2019 governing the in 2019 because the Company no longer held
Patterns of Employee Training and Development online-based Creative Thinking training in 2019. In
of PT Angkasa Pura I (Persero). addition, in the effort to implement government
programs for the establishment of excellent
human resources, the training budget is allocated
to improve infrastructure in preparation for the
implementation of the CSR scholarship for D3
program in collaboration with the University of
Mataram for the development of airport major.

Competency Development based on Position Level
The most type of training held in 2019 is the airport must be carried out to keep the validity
mandatory regulation training at Officer level. of the license alive in accordance with applicable
While the least training is leadership training at regulations. The number of education and/or
the top management level. On the other hand, the training participants in 2019 by type and program
highest number of participants was 1,195 for the at various levels in PT Angkasa Pura I (Persero) is
regulation mandatory training. These conditions presented in the following table.
illustrate that the need for licensed personnel at
Competency Development in PT Angkasa Pura I (Persero) Based on Position Level in 2019*
No Level Position Type Training Program
1 The Board of Inhouse Training Performance Management Training Batch I, Batch II and Batch III
Director
Public Course IAI-AFA-IAESB International Conference 2019
Public Course Civil Aviation Training International Forum 2019
Public Course Indonesia Career Evening 2019 with YPIA & Certified Sustainability
Practitioner Program Training

1 Vice President Inhouse Training Pre Retirement Training Batch XXXIII to XXXVII
Self-Management Executive Aviation Succession Program
Inhouse Training Performance Management Training Batch I, Batch II and Batch III
Inhouse Training Training of Trainers Batch II
Inhouse Training Workshop Coaching & Mentoring For Executive Leader Batch III
Inhouse Training Resertifikasi Certified Risk Professional Tahun 2019
Inhouse Training Risk Management Training and Certified Risk Professional (CRP)
Certification
Public Course Digital HR & Analytics Conference
Public Course HR Festival Asia 2019
Public Course 7th Maximising Non Aeronautical Revenue Summit 2019
Public Course Distance Learning The Mechanics of Project Finance
Public Course Civil Aviation Training International Forum 2019
Public Course PAII International Workshop “Best Practices in Implementing Effective

Governance - From Rules to Principles
3 General Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Manager
Project Self-management Executive Aviation Succession Program

Manager
Co. General Inhouse Training Performance Management Training Batch I, Batch II and Batch III
Manager
Inhouse Training Creative Thinking & Innovation Training Batch I, Batch II, Batch III and
Batch IV
Inhouse Training Workshop on Coaching & Mentoring For Executive Leaders Batch III
Inhouse Training Recertification of Certified Risk Professional in 2019
Certification
Inhouse Training Airport Operations and Management Training In collaboration with

Incheon Airport
Public Course TFWA - The Duty Free & Travel Retail Global Summit 2019
4 Senior Manager Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII
Project Inhouse Training Online Learning Training for Senior Airport Management Batch I and
Secretary Batch II
Specialist Inhouse Training In Class Learning Training for Senior Airport Management Batch I and
Batch II
Self-management Executive Aviation Succession Program

4 Specialist Inhouse Training Training of Trainers Batch II
Batch IV
Inhouse Training Airport Executive Succession Program
Inhouse Training Workshop on Public Information Disclosure
Inhouse Training Workshop on Coaching & Mentoring For Executive Leaders Batch III
Inhouse Training IRCA Certified Lead Auditor ISO 9001: 2015 Certification and Training in
2019
Self-management Workshop on People Transformation Batch I and Batch II
Inhouse Training Recertification of Certified Risk Professional in 2019
Certification
Inhouse Training Business Transformation in the Industrial Age 4.0 Training
Inhouse Training Training on Inspection and Scrutiny of Violations Against Employee

Discipline
Public Course Digital HR & Analytics Conference

Incheon Airport
Public Course TFWA - The Duty Free & Travel Retail Global Summit 2019
Public Course Trinity Forum - The 2019 Global Airport Commercial Revenue
Conference
Inhouse Training Airport and Terminal Operation Training Batch I, Batch II and Batch III
Inhouse Training Airport and Terminal Facilities Training Batch I, Batch II and Batch III
Inhouse Training Airport Commercial
Inhouse Training Airport Customer Satisfaction
5 Manager Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII
Assistant Inhouse Training Project Assignment Report Presentation Exam of Junior Airport
Manager Management Training Batch III
Inhouse Training In Class Junior Airport Management Non Regular Training, Batch I and
Batch II
Batch IV
Inhouse Training Customer Service and Hospitality Champion Class Training Batch I,
Batch II and Batch III
Inhouse Training Workshop Customer Service and Hospitality Concept for Manager

5 Assistant Inhouse Training Customer Service and Hospitality Initial Class Training Batch I, Batch II
Manager dan Batch III
Inhouse Training Interpretation of Assessment Criteria for Performance Excellence

(KPKU) Training Batch I and Batch II
Inhouse Training Airport Operation Control Center (AOCC) Training Batch I dan Batch II
Inhouse Training IRCA Certified Lead Auditor ISO 9001: 2015 Certification and Training ini
2019
Self-management Airline Management and Route Development Training Batch XII
Self-management Training of Basic Safety Management System for Trainers
Inhouse Training Training of Junior Expert Project Management Certification
Inhouse Training Inspection and Scrutiny of Violations Against Employee Discipline

Training
Inhouse Training In-House Training ACI - Airport Carbon Management

Incheon Airport
Conference
Self-management Rating Renewal Test for Senior Personnel of Airport Rescue and Fire
Fighting (PKP-PK) and Salvage
Self-management Rating Renewal Test for Personnel of Salvage
Self-management Exam of Aviation Security Facilities Licence Expiry Issuance
Self-management Exam of Electrical Licence Expiry Issuance
Self-management Exam of Aviobridge Licence Expiry Issuance
Contract - -
Specialist
Airport Duty Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Manager
Inhouse Training Project Assignment Report Presentation Exam of Junior Airport
Management Training Batch III
Batch II
Inhouse Training Online Learning Training for Senior Airport Management Batch I and
Batch II
Inhouse Training In Class Learning Training for Senior Airport Management Batch I and
Batch II

5 Airport Duty Inhouse Training Workshop Customer Service and Hospitality Concept for Manager
Manager
Auditor Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Incheon Airport
6 Corporate - -
Expert Level I
Corporate Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Expert Level II
Batch IV
Inhouse Training Resertifikasi Certified Risk Professional Tahun 2019

Expert Level III
Inhouse Training Online Learning for Senior Airport Management Training Batch I and
Batch II
Inhouse Training Inclass Learning Diklat Senior Airport Management Batch I dan Batch II
Inhouse Training Business Transformation in the Industrial Age 4.0 Training

Expert Level IV
Batch II
Inhouse Training Junior Expert Project Management Certification
Inhouse Training Inspection and Scrutiny of Employee Indiscipline Training
Inhouse Training IATA Diploma Training Session II - Airport Master Planning

6 Corporate Inhouse Training Airport and Terminal Operation Training Batch I, Batch II and Batch III
Expert Level IV
Inhouse Training IATA Diploma Training Session III - Airport Development and
Infrastructure Design
Human Capital Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Corporate
Support
Human Capital Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Support Expert
Batch IV
Inhouse Training IATA Airport Slots and Coordination

Training
Inhouse Training Airport Operations and Management Training in collaboration with

Incheon Airport
Inhouse Training IATA Diploma Session II Training - Airport Master Planning
Inhouse Training IATA Diploma Session III Training - Airport Development and
Corporate - -
Doctor
P4DP Specialist Inhouse Training In Class Junior Airport Management Non Regular Training, Batch I and
Batch II

Training
Analyst Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII
2019
Self-management Exam of Electrical License Expiry Issuance
Self-management Exam of Mechanical License Expiry Issuance

7 Team Leader Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Inhouse Training Customer Service and Hospitality Initial Class Training Batch I, Batch II
and Batch III

Inhouse Training Electrical OHS Expert Certification Training in 2019
Public Course 5th Emergency Management for Airport Summit 2019
Direct Appointment Technical Competency and Certification (TCC) Training on Air

Conditioning System (ACS)
Direct Appointment Technical Competency and Certification (TCC) Training on Airfield

Lighting System (ALS)
Inhouse Training Foam Quality Testing Training in 2019
Inhouse Training Foam Tender Operation and Defensive Driving Training in 2019
Self-management License Extension Exam of Aviation Security Senior Personnel in 2019
Self-management Rating Renewal Test of Senior Personnel of Airport Rescue and Fire
Self-management Rating Renewal Test of Personnel of Salvage
Self-management Exam of Aviation Security Facilities License Expiry Issuance
Self-management Exam of Aviobridge License Expiry Issuance
Self-management Exam of AMC and Marshaller Personnel License Expiry Issuance
8 Squad Leader Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII
Inhouse Training Workshop on Customer Service and Hospitality Concept for Manager

8 Squad Leader Inhouse Training Airport Operation Control Center (AOCC) Training Batch I dan Batch II
Public Course 5th Emergency Management for Airport Summit 2019
Self-management Initial Training of Senior Personnel of Airport Rescue and Fire Fighting
(PKP-PK) in 2019
Direct Appointment Initial Training of Senior Personnel of Aviation Security Batch I and
Batch II in 2019
Self-management License Renewal Test for Junior Personnel of Aviation Security in 2019
Self-management License Renewal Test for Senior Personnel of Aviation Security in 2019
Self-management Rating Renewal Test for Personnel of Salvage
9 Engineer Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII


Self-management Electrical License Expiry Issuance Exam
10 Technician Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Inhouse Training Building Information Modeling Training Batch I
Inhouse Training Basics of Environmental Impact Assessment Training in 2019
Inhouse Training Junior Expert Project Management Certification Training
Inhouse Training In-House ACI Training - Airport Carbon Management
Self-management Initial Training of Senior Personnel of Airport Rescue and Fire Fighting
(PKP-PK) in 2019
Direct Appointment Technical Competency and Certification (TCC) Training on Air

Conditioning System (ACS)


10 Technician Direct Appointment Technical Competency and Certification (TCC) Training on Monitoring
Equipment and Postponement of Crime Efforts (P3UK)
Direct Appointment Technical Competency and Certification (TCC) Training on Goods

Inspection and Detection Equipment (P3B)
Direct Appointment Technical Competency and Certification (TCC) Training on Air and Land
Facilities of Airport Facilities and Maintenance Personnel
Self-management Rating Renewal Test for Personnel of Basic Airport Rescue and Fire
Self-management Exam of FSU-FSD License Expiry Issuance
11 Officer Self-management Type B and Type C OrientationTraining in 2019
Sales Executive Self-management Airport Officer Management Training Batch IV, V and VI
Inhouse Training Pre-Retirement Training Batch XXXIII to XXXVII

Batch IV
Inhouse Training Customer Service and Hospitality Initial Class Training Batch I, Batch II
and Batch III

Inhouse Training Building Information Modeling Training Batch I
2019
Inhouse Training Basics of Environmental Impact Assessment Training in 2019
Inhouse Training IATA Airport Slots and Coordination
Self-management Training on Basic Safety Management System for Trainers

11 Sales Executive Inhouse Training Training on Junior Expert Project Management Certification

Training
Inhouse Training Electrical OHS Expert Certification in 2019
Inhouse Training In House ACI Training - Airport Carbon Management
Public Course ACI Online Learning - Certificate in Business Leadership
Public Course ACI Online Learning - Certificate in Airport Business Operations
Public Course ACI Online Learning - Certificate in Commercial Management
Inhouse Training Training on IATA Diploma Session II - Airport Master Planning
Public Course ACI Online Learning - Disability Sensitivity Training
Public Course 7th Maximising Non Aeronautical Revenue Summit 2019
Conference
Inhouse Training IATA Diploma Training Session III - Airport Development and
Direct Appointment Initial Training of Senior Personnel of Airport Rescue and Fire Fighting
(PKP-PK) in 2019
Direct Appointment Initial Training of Junior Personnel of Airport Rescue and Fire Fighting
(PKP-PK) in 2019
Direct Appointment Basic Aviation Security Training Batch I in 2019
Direct Appointment Basic Aviation Security Training Batch II in 2019
Direct Appointment Basic Training of Airport Rescue and Fire Fighting (PKP-PK) in 2019

Direct Appointment Technical Competency and Certification (TCC) Training on Goods

Inspection and Detection Equipment (P3B)
Direct Appointment Technical Competency and Certification (TCC) Training on Monitoring

Equipment and Postponement of Crime Efforts (P3UK)
Direct Appointment Initial Training of Senior Personnel of Aviation Security Batch I and
Batch II in 2019
Direct Appointment Initial Training of Junior Personnel of Aviation Security Batch I and
Batch II in 2019

11 Sales Executive Inhouse Training Foam Quality Testing Training in 2019
Self-management License Renewal Test for Basic Aviation Security Personnel in 2019
Self-management License Renewal Test for Junior Personnel of Aviation Security in 2019
Self-management License Renewal Test for Senior Personnel of Aviation Security in 2019
Self-management Rating Renewal Test for Junior Personnel of Airport Rescue and Fire
Self-management Exam of Aviobridge License Expiry Issuance
Self-management Exam of FSU-FSD License Expiry Issuance
Self-management Exam of AMC and Marshaller License Expiry Issuance
Public Training TCC FSU FSD
Public Training TCC ALS
Public Training TCC ACS
Public Training TCC P3UK
Public Training TCC P3B
Public Training IAMPI CERTIFICATION
*Inclusive of long-term training of over a year financed by PT Angkasa Pura I (Persero)

Competency Development of the Board of Commissioners
Within the past year, 6 members of the Board of The following table summarizes the various
Commissioners of PT Angkasa Pura I (Persero) have competency development/training programs
undergone competency development in various attended by members of the Board of
aspects. These include Statement of Financial Commissioners of PT Angkasa Pura I (Persero)
Accounting Standards (PSAK), Risk Management during 2019.
and Audit System.
Education and/or Training of the Members of the Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Competency
Time and Place of
Name Position Development Material/ Organizer
Implementation
Training
Harry Z Suratin Commissioner SFAS 71, SFAS 72, SFAS 73 25 – 26 July 2019 Institute of Committee

Competency Development of the Board of Directors
Besides the Board of Commissioners, the Board Detailed data and information on the various
of Directors have also undergone competency education and/or training programs participated
development by participating in various activities by members of the Board of Directors of PT
or events. No less than five activities were attended Angkasa Pura I is presented in the following table:
by members of the Board of Directors, including
those related to Performance Management, Civil
Aviation Training, and Benchmarking of Aircraft
Landing, Parking and Hangar Services (PJP4U)
tariff implementation.
Education and/or Training of the Members of Board of Directors of PT Angkasa Pura I (Persero) in 2019
Competency
Time and Place of
Implementation
Training
Faik Fahmi President Performance Management Jakarta, 29 - 30 January PT. Talenta Sumber
Director Training Batch II 2019 Daya Prima
Wendo Asrul Operation Performance Management Jakarta, 5 - 6 March 2019 PT. Talenta Sumber
Rose Director Training Batch III Daya Prima
Novrihandri Finance Director IAI-AFA-IAESB Intenational Bali, 11 - 12 April 2019 IAI

Conference 2019
Performance Management Jakarta, 5 - 6 March 2019 PT. Talenta Sumber

Training Batch III Daya Prima
Adi Nugroho Human Capital Civil aviation training China, 24 - 25 September Galleon Consulting
and General international forum 2019 2019
Affairs Director
Performance Management Jakarta, 29 - 30 January PT. Talenta Sumber
Training Batch II 2019 Daya Prima
Lukman F. Laisa Technical Affairs Performance Management Jakarta, 5 - 6 March 2019 PT. Talenta Sumber
Director Training Batch III Daya Prima
Devy Suradji Marketing and Performance Management Jakarta, 5 - 6 March 2019 PT. Talenta Sumber
Services Director Training Batch III Daya Prima
Benchmarking on Brisbane, 16 – 19 January PT Angkasa Pura I

implementation of PJP4U, 2019
counters and aviobridge
tariffs at Brisbane Airport
Sardjono Jhony Business Performance Management Jakarta, 29 - 30 January PT. Talenta Sumber
Tjitrokusumo Development Training Batch II 2019 Daya Prima
Director

Competency Development of Committees under the Board of

Commissioners
Furthermore, in order to maintain and improve Data and information on the education and/or
supervisory capabilities, the committees under the training programs attended by committees under
the Board of Commissioners have also participated the Board of Commissioners can be seen in the
in various competency development activities following table.
during 2019. A total of 7 activities were attended
in the reporting year, ranging from Statement
of Financial Accounting Standards (PSAK), Risk
Management and Audit System.
Education and/or Training of the Audit Committee of PT Angkasa Pura I in 2019
Competency
Time and Place of
Implementation
Training
Harry Z. Soeratin Vice SFAS 71, SFAS 72, SFAS 73 25 – 26 July 2019 Institute of Audit
Chairperson of Committee
Audit Comittee
Workshop CACP 6 – 8 August 2019, Indonesian Audit
Certification in Audit Bidakara Hotel Jakarta Committee Association
Committee Practices
Konferensi Nasional 28 – 29 November 2019 Professional

Profesional Manajemen Certification Institute of
Risiko VII tahun 2019 Risk Management
Sertifikasi CRGP (Certified 19 – 21 November 2019 RAP / Risk Advisory

Risk Governance Performance
Profesional)
Syaiful Audit PSAK 71, PSAK 72, PSAK 73 25 - 26 Juli 2019 Institute of Audit
Committee Committee
Workshop CACP 6 - 8 Agustus 2019 Indonesian Audit

Certification in Audit Committee Association
Committee Practices
Suka Edi Prasetyo Audit Konferensi Nasional 28 s.d 29 November Professional

Committee Profesional Manajemen 2019 - Gumaya Tower Certification Institute of
Risiko VII tahun 2019 Semarang Risk Management
Education and/or Training of the Audit Committee of PT Angkasa Pura I (Persero) in 2019
Competency
Time and Place of
Implementation
Training
Riko Hendrawan Business Risk SFAS 71, SFAS 72, SFAS 73 25 – 26 July 2019 Institute of Audit
and GCG Committee
Committee
Workshop CACP 6 – 8 August 2019 Indonesian Audit
Certification in Audit Committee Association
Committee Practices
Konferensi Nasional 28 – 29 November 2019 Professional

Profesional Manajemen Certification Institute of
Risiko VII tahun 2019 Risk Management

Education and/or Training of the Audit Committee of PT Angkasa Pura I (Persero) in 2019
Competency
Time and Place of
Implementation
Training
Riko Hendrawan Business Risk Certified Risk Management 21 – 26 October 2019 RAP / Risk Advisory
and GCG Profesional Performance
Committee
Certified Risk Governance 19 - 21 November 2019 RAP / Risk Advisory
Professional (CRGP) Performance
Certification
Ganesha Dian Business Risk 7th National Risk 28 - 29 November 2019 Professional
Farisi and GCG Management Professionals Certification Institute of
Committee Conference 2019 Risk Management
Competency Development for Corporate Secretary, Internal

Audit and Risk Management Units
To realize GCG principles and in line with current In this regard, two education and training
developments in governance risks, PT Angkasa programs were attended during the reporting
Pura I (Persero) encourages the Corporate year. The competency development materials were
Secretary, Internal Audit and Risk Management related to Annual Report and Public Information
units to upgrade their knowledge, skills and Disclosure.
expertise on an ongoing basis. To that end, in 2019
the Corporate Secretary, Internal Audit and Risk Details of the education and/or training programs
Management units attended various education attended by the Corporate Secretary, Internal
and training programs. Audit and Risk Management units are presented
below.
Education and/or Training Programs of Corporate Secretary of PT Angkasa Pura I (Persero) in 2019
Competency
Name Development Material/ Time Organizer
Training
• Dwitra Sukma Workshop on Preparation Jakarta, 22 - 23 May 2019 Institute of Audit

Wardhana of Annual Report Based on Committee
• Nurul Fatkhiyah Criteria of Annual Report
Award 2018
• Awaluddin Workshop on Public Bogor, 2 - 3 May 2019 PT Angkasa Pura I

• Gede Eka Sandi Information Disclosure
• Asmadi

Education and/or Training Programs of Corporate Secretary of PT Angkasa Pura I (Persero) in 2019
Competency Development
Name Time Organizer
Material/Training
• Yaka Sulistya W Certified Practitioner Of 11 – 22 March 2019 YPIA

• Karel Rianto R Internal Audit I
• Tri Suliati
• I Made Adi S
• Restu Suryaningsih Certified Practicioner Of 13 – 24 May 2019 YPIA

• Titik Budi U Internal Audit II
• Israwadi
• Junius F Walenta
• Jarot Handoko
• Insan Kamil
• Didi Suliyantono
• Israwadi National Conference IIA Solo 24 – 25 June 2019 The Insitute Of Internal
• Jarot Handoko Auditors
Israwadi Workshop Audit Internal - 4 – 5 July 2019 YPIA

Standar Audit Dan Kode Etik
Profesi
Israwadi National Anti Fraud Conference 9 – 11 July 2019 Association Of Certified

Bali Fraud Examiners (ACFE)
Esti Dewi F Workshop Integrating 5 – 6 August 2019 Asia Anti Fraud

Grc Governance Risk And
Compliance
Esti Dewi F Advanced Internal Audit 16 – 28 September 2019 YPIA

Training
Titis Erawati Basic Level Audit Training 18 – 2 March 2019 YPIA
Esti Dewi F 17 – 29 June 2019
Agni Indradi 28 October –

9 November 2019
Israwadi Workshop on State Losses in 7 – 8 November 2019 Asia Anti Fraud

SOE and SOE Risk Investment
or Corruption
Israwadi International Workshop Best 24 – 28 November 2019 Indonesian Internal

Practices In Implementing Auditor Association
Effective Governance
Junius F Walenta Intermediate Level PPAK 25 - 26 July 2019 Institute of Audit

Forensic Audit Training Committee
• Herriyanto National Internal Audit Seminar 24 – 25 April 2019 YPIA

• Osim
• Insan Kamil
• Milda
• I Made Adi S

Education and/or Training of Compliance and Risk Management Unit of PT Angkasa Pura I (Persero) in 2019
Competency Development Material/ Time and Place of

Name Organizer
Training Implementation
I Wayan Certified Risk Professional Certification Bogor, Indonesia Risk and

Sutawijaya, dkk 20 - 21 August 2019 Business Advisory
Widya Wiedagdo, Risk Management Training and Certified Bogor, Indonesia Risk and
et al Risk Professional (CRP) Certification in 2019 26 - 29 August 2019 Business Advisory
Realization of Competency Development Costs
In terms of finances, the realization of costs The total education and/or training costs in 2019 is
for training and competency development of as follows:.
management and employees in 2019 increased
by 3.98% compared to the previous year from Rp
40.68 billion to Rp 42.3 billion. This increase reflects
the commitment of PT Angkasa Pura I (Persero) to
always increase added value for management and
employees.
Competency Development Costs of PT Angkasa Pura I (Persero) in 2019
Increase
2019 2018 2017
Description
Rp Rp Rp
Rp %
Education and/or 1.689.612.364 3,98 42.371.568.292 40.681.955.928 39.008.149.267

Training Costs
Evaluation of Employee Competency Development Implementation
PT Angkasa Pura I (Persero) has a mechanism to Evaluation is conducted by filling the questionnaire
measure the effectiveness of the competency given to the participants used as material
development training system. The mechanism evaluation to the implementation of the training,
is to evaluate training participants, instructors, the used approach is Likert Scale. The components
training modules, training methods, facilities, and and elements of the assessment are as follows:
training providers.

A INSTRUCTOR B MODULE
1. Suitability of Instructor competencies with 1. Training materials are in accordance with

the material presented job requirements
2. Ability to explain in material delivery 2. Training materials are easy to understand
3. Ability to create an active and communicative and interesting for participants
atmosphere 3. Training materials are arranged
4. Ability to answer participant questions systematically
5. Sound clarity and intonation in the delivery of 4. Training materials can be applied and
material support performance achievement
5. Training materials provided have been
adjusted to the current conditions
C TRAINING METHOD D FACILITIES
1. Training methods are in accordance with the 1. Comfort and cleanliness of the training
material room
2. There is a problem solving simulation 2. Supporting facilities for smooth training
3. Evaluation of participants’ abilities and activities such as stationery, block notes,
knowledge before and after training hard copy material and others
3. Facilities for training activities such as
laptops, projectors, sound systems, and
E ORGANIZER
others
4. Supporting spaces such as worship rooms
1. Training program is in accordance with the and toilets
company’s vision and mission 5. Arranging the room and equipment
2. Training time provided is adequate 6. Comfort and cleanliness of dormitory
3. Participants feel the benefits of training 7. Meals and snacks served
4. Reputation of the Organizer/company (for 8. Laundry service
Public Training) 9. Services of front office staff, waiters, PIC
The results of the questionnaire recap on the evaluation of employee training implementation during 2019
are listed in the participant satisfaction index as follows:
Assessment Element Satisfaction Index Likert Scale Category
Instructor 88,56 % 4,43 Very Satisfied
Module 88,29 % 4,41 Very Satisfied
Training Method 88,44 % 4,42 Very Satisfied
Facilities 88,09 % 4,40 Very Satisfied
Organizer 89,34 % 4,43 Very Satisfied

In general, the element of organizer obtains highest satisfaction index score, while the element of facilities
obtains the lowest score.
To that end, PT Angkasa Pura I (Persero) will conduct a review of the results of the evaluation of each
training held and take action on improvements to the input that has been submitted by the training
participants.
Access to Information and Data on

the Company’s Website
Stakeholders may access information on PT Besides the PT Angkasa Pura I (Persero) website,
Angkasa Pura I (Persero) through the company’s every airport managed by the Company has
website at www.ap1.co.id, which is available in its own website. Information presented on
Indonesian and English. From the landing page, each airport’s website includes airline arrival
visitors can find the latest news on events and and departure schedules, both domestic and
airport operations, including information about international, location plan and available services
stakeholder meetings. Visitors may also wish to for customers such as money changers, ATMs
see various interesting news on Angkasa Pura and banks, places for charging devices, duty free
I presented in the “angkasapura” bulletin, by areas, tourist information services, and latest news
downloading from the “Magazine” section on the or announcements about airports. The website is
page. updated on a periodic basis, and so visitors can
obtain information on changes that occur during
Furthermore, the website presents information on their travel through airports managed by PT
shareholders, Code of Conduct, General Meetings of Angkasa Pura I (Persero).
Shareholders, company group structure , financial
performance analysis, financial statements for the
last 5 years, profiles of the Board of Commissioners
and Board of Directors, and Charter of the Board
of Commissioners, Board of Directors, Committees
and Internal Audit Unit. Both Indonesian and
English language websites provide a link to
download the Annual Report, aimed at those who
want to know in detail on the annual performance
of PT Angkasa Pura I (Persero). The website also
lists the various company contact information to
facilitate those who wish to deal directly with PT
Angkasa Pura I (Persero ).

Names and Addresses of Head Office,

Subsidiaries, Associate Entities,
Foundations and Branch Offices
HEAD OFFICE
Kota Baru Bandar Kemayoran Blok B 12 Kav. 2

Jakarta, 10610
Telepon : 62-21 6541961
Faksimili : 62-21 6541513, 6541514
Email : humas@ap1.co.id
SUBSIDIARIES
PT Angkasa Pura Hotel PT Angkasa Pura Properti

Gedung Sainath Tower Lt. 10 Gedung Sainath Tower Lt. 10
Jl. Selangit Blok B – 9 No. 7 Jl. Selangit Blok B – 9 No. 7
Gunung Sahari Selatan, Kemayoran Gunung Sahari Selatan, Kemayoran
Jakarta Pusat, 10610 Jakarta Pusat, 10610
Indonesia Indonesia
Tel: (+62) (21) 26051829 Tel: (+62) (21) 26051919
Fax: (+62) (21) 26051830 Fax: (+62) (21)) 26051920
Email: info@aph.co.id Email: humas@approperti.co.id
https://aph.co.id/ https://www.angkasapuraproperti.co.id/
PT Angkasa Pura Support PT Angkasa Pura Logistik PT Angkasa Pura Retail

Gedung Sainath Tower Lt. 11 Gedung Datascrip Lt. 5 & 6 Grha angkasa Pura 1 Lt.5
Jl. Selangit Blok B – 9 No. 7 Jl. Selaparang Blok B.15 Kav.9 Kota Baru Bandar Kemayoran Blok
Gunung Sahari Selatan, Gunung Sahari Selatan, B-12 Kav.2
Kemayoran Kemayoran Gunung Sahari Selatan, kemayoran
Jakarta Pusat, 10610 Jakarta Pusat, 10610 Jakarta Pusat, 10610
Indonesia Indonesia Indonesia
Tel: (+62) (21) 26051930 Tel: (+62) (21) 65866491 Tel: (+62) (21) 654 1961 Ext.2256
Fax: (+62) (21) 26051931 Email: admin@ Fax: (+62) (21) 654 1513
https://apsupports.com/ angkasapuralogistik.com http://angkasapuraretail.com/
http://www.aplog.co/

ASSOCIATE ENTITIES
PT Gapura Angkasa PT Jasa Marga Bali Tol

Gd. Dapenra Lt. 1,2 & 3 Operational Office:
Jl. Angkasa, Blok B – 12, Kav. 8 Jalan Raya Pelabuhan Benoa No. 15
Gunung Sahari Selatan, kemayoran Pasanggaran, Denpasar, Bali
Jakarta Pusat 10610 Tel: (+62) (361) 725326
Indonesia Fax: (+62) (361) 725326
Tel: (+62) (21) 6545410 Email: jasamargabali@perusahaan.com
Fax: - www.jasamarga@perusahaan.com
Email: marketing@gapura.co.id
FOUNDATIONS
Yayasan Dana Pensiun Angkasa Pura Airports Yayasan Kesejahteraan Karyawan Angkasa
(DAPENRA) Pura Airports (YAKKAP)
Gedung DAPENRA Lt. VI Blok B 12 Kavling No. 8 Gedung DAPENRA Lt. III Blok B 12 Kavling No. 8
Gunung Sahari Selatan, Kemayoran Gunung Sahari Selatan, Kemayoran
Jakarta Pusat, 10610 Jakarta Pusat, 10610
Tel: (+62) (21) 65867867 Tel: (+62) (21) 6546642
Fax: (+62) (21) 65867868 www.yakkap.co.id www.yakkap.or.id
Email: info@dapenra.co.id
https://www.dapenra.co.id/
BRANCH OFFICES
I Gusti Ngurah Rai International Airport – Bali Juanda International Airport – Surabaya
Gedung Wisti Sabha Lt. III Jl. Ir. Haji Juanda
Jl. Raya Gusti Ngurah Rai Sedati, Sidoarjo
Tuban, Kuta, Badung, Bali 80362 Surabaya 61253
Indonesia Indonesia
Tel: (+62) (361) 9351011 Tel:
Fax: (+62) (361) 9351032 T1 (+62) (31) 2986200
Email: humas@ngurahrai-airport.co.id T2 (+62) (31) 2986700
https://bali-airport.com/id Fax: (031) 8667506
Email: sub@angkasapura1.co.id
https://juanda-airport.com/id

BRANCH OFFICES
Sultan Hasanudin International Airport – Jenderal Ahmad Yani International Airport –

Makassar Semarang
Jl. Raya Airport No.1 Jl. Puad Ahmad Yani
Makassar, Maros Tambakharjo, Semarang
Sulawesi Selatan 90552 Jawa Tengah, 50145
Indonesia Indonesia
Tel: (+62) (411) 553183 Tel: (+62) (24) 7607596
Fax: (+62) (411) 553183 Fax: (+62) (24) 7603506
Email: humas.upg@angkasapura1.co.id Email: srg@angkasapura1.co.id
https://hasanuddin-airport.co.id/id https://ahmadyani-airport.com/id
El-Tari International Airport – Kupang Pattimura International Airport – Ambon

Jl. Adi Sucipto Terminal B, Kupang Jl. Dr. Leimena – Laha, Ambon
Nusa Tenggara Timur, 85361 Maluku, 97236
Indonesia Indonesia
Tel: (+62) (380) 881668 Tel: (+62) (911) 323770, 323771,323772
Fax: (+62) (380) 881263 Fax: (+62) (911) 323773
Email: humas@kupang-airport.com Email: amq@angkasapura1.co.id
https://kupang-airport.com/id https://pattimura-airport.co.id/id
Adi Soemarmo International Airport – Frans Kaisiepo International Airport – Biak

Surakarta Jl. M Yamin, Biak Kota
(Jl. Bandara Adi Sumarmo ) Biak Numfor, Biak
Jl. Cendrawasih, Ngemplak Papua, 98111
Boyolali, Surakarta Indonesia
Jawa Tengah, 57375 Tel: (0981) 22555
Indonesia Fax: (0981) 22106
Tel: (0271) 780400 Email: bik@angkasapura1.co.id
Fax: (0271) 780715 https://franskaisiepo-airport.co.id/id
Email: humas@adisumarmo-airport.com
https://adisumarmo-airport.com/id

BRANCH OFFICES
Sultan Aji Muhammad Sulaiman Sepinggan Sam Ratulangi International Airport - Manado
International Airport – Balikpapan Jl. A.A. Maramis,
Jl. Marsma R. Iswahyudi Mapanget, Manado
Sepinggan, Balikpapan Sulawesi Utara, 95374
Kalimantan Timur, 76115 Indonesia
Indonesia Tel: (+62) (431) 814320
Tel: (+62) (542) 766886 Fax: (+62) (431) 811595
Fax: (+62) (542) 766832 Email: humas.MDC@angkasapura1.co.id
Email: humas.bpn@angkasapura1.co.id https://samratulangi-airport.com/id
https://sepinggan-airport.com/id
Lombok International Airport – Praya Syamsudin Noor International Airport –

Jl. By Pass Bil Praya Banjarmasin
Tanak Awu, Pujut, Lombok tengah Jl. Angkasa Landasan Ulin Utara
Nusa Tenggara Barat, 83573 Landasan Ulin, Banjar Baru
Indonesia Kalimantan Selatan, 70713
Tel: (+62) (370) 6157000 Indonesia
Fax: (+62) (370) 6157010 Tel: (+62) 811504640
Email: humas.lombok@angkasapura1.co.id Fax: (+62) (511) 4705251
https://lombok-airport.co.id/id Email: humasbdj@yahoo.co.id
https://syamsudinnoor-airport.co.id/id
Adisutjipto International Airport – Yogyakarta Yogyakarta International Airport – Kulon Progo

Jl. Raya Solo KM. 9, Maguwoharjo Jalan Raya Wates Km. 42 Kulon Progo, DIY
Depok, Sleman Tel: (0274) 4606000
Daerah Istimewa Yogyakarta, 55282 Fax: (0274) 4606060
Indonesia Email: humas.jog@ap1.co.id
Tel: (+62) (274) 484261
Fax: (+62) (274) 488155
Email: humas@adisutjipto-airport.co.id
https://adisutjipto-airport.co.id/id

Management
and
Discussion
Analysis
as pioneer of commercial airport
companies in Indonesia currently
manages airports in various
provinces in the Central and Eastern
Indonesia. No less than fifteen
airports, four project offices, and
five subsidiary companies are
currently under the supervision of

Macroeconomic and Industry Overview
Political and Economic Analysis

The year 2019 was marked by the easing of the relatively stable within a range of 5 – 6% in 2019.
trade war between the United States and China, In general, the political and economic situation
which has raised expectations of a better outlook gave a positive signal for the Indonesian aviation
in the global economy going forward. In Europe, industry.
various issues related to Brexit came to the
fore. Domestically, 2019 was the year of General In spite of this, the country’s economic growth in
Elections and cabinet changes in government, 2019 indicated a slowdown by recording a growth
which took place in a safe and orderly manner. of 5.02% as compared to 5.17% in 2018. This outcome
is certainly a consideration for PT Angkasa Pura I
From an economic standpoint, in 2019 the Rupiah (Persero) in making strategic policies for the future.
was relatively stable against the US Dollar, with
Bank Indonesia exchange rates ranging from Rp
14,537 to Rp 13,970 per USD (source: bi.go.id). The
Bank Indonesia benchmark interest rate was also
Industry Analysis
Condition of Global Aviation Industry All regions have contributed to the slowing down
During 2019, International Air Transport Association of industrial growth. As a result, the regional RPK
(IATA) recorded a slower growth of global airline figures did not change much f rom 2018 to 2019.
passenger traffic. The results of analyses in 2019 Airlines based in Asia-Pacific and Europe, as the
indicated a significant downturn compared to the regions with the largest RPK share, were the
growth rate in 2018 of +7.3% as measured in terms main drivers of the overall industry figures with
of Revenue Passenger Kilometers (RPK). contributions to declining growth of 15ppts and
0.9ppts respectively in 2019.

Contribution to annual RPK growth (airline region of registration)
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Africa Asia Pasific Europe Latin America Middle East North America
Source: IATA Air Passenger Market Analysis, December 2019
In Asia Pacific, annual traffic increased by 4.5% Condition of Indonesian Aviation Industry
where there was a significant slump compared The Indonesian aviation industry recorded robust
to the growth in 2018 of 8.5%. IATA recorded that growth as indicated by the increase in the number
this reflected the trade war impact between the of passengers, fleets and flights. The aviation sector
United States and China, and the weakening of offers huge investment opportunities considering
economic activity. Meanwhile, European airlines the country’s unique geographical condition as
experienced a 4.4% increase in traffic, which also an archipelago, coupled with a rising middle class
signified a decrease from the growth in 2018 of and the ever-growing domestic and international
7.5%. This outcome has also been affected by tourism industry.
slowing economic activity, decline in business
confidence, industrial disputes and persistent For the period 2015 - 2019, Indonesia intends
uncertainty over Brexit. to increase the number of national airline
passengers to 162 million passengers per year by
In general, the aviation industry maintained a constructing 15 new airports, as well as developing
steady growth in 2019 despite being faced with and refurbishing existing airports in Sumatra,
a number of challenges such as weak global Java, Bali, Kalimantan, Sulawesi, Nusa Tenggara,
economic growth, decline in international trade, Maluku, and Papua. In addition, projections have
and political and geopolitical tensions. Based on been made for developing nine airports that are
IATA data, international passenger traffic rose by primarily focused on cargo services.
+4.1%, lower than the growth of +7.1% in the previous
year. On the other hand, capacity increased by +3% The endeavor to Increase capacity and quality of
and load factor increased by +0.8% to 82%. airport services was implemented through the
construction and development of airports, which
were focused primarily at provincial capitals as the
center of national and regional activity, as well as
regions with economic and tourism potentials.

Based on the Annual World Airport Traffic growth in the world. Indonesia is forecast to rank
Forecast 2018-2040 published by Airports Council 7th as the country with the fastest flight growth in
International (ACI), the Asia Pacific region is the world.
predicted to contribute 42.8% to aircraft fleet
Development of Airport Industry in PT Angkasa Pura I (Persero)

Area
Overall, air transport traffic in terms of total and passenger traffics were the lowest logged in
aircrafts, passengers and cargo in 2019 experienced the last three years.
negative growth as compared to 2018. The
decrease in air transport traffic was recorded at Air transportation traffic in the last three years is
between 6% and 15% in 2019. Further, the aircraft given in details as follow.
Air Transportation Traffic in the Last Three Years
Description Unit Growth in 2019 (%) 2019 2018 2017
Aircraft MV (14,66%) 707,202 828,672 792,387
Passenger Pax (15,64%) 81,532,700 96,652,313 89,751,328
Cargo Kg (6,69%) 427,135,421 457,749,380 403,775,511
AIRCRAFT MOVEMENTS
Total realized domestic aircraft movements in 2019 of 707,222 aircrafts or decreased by 18.83% from
was 570,734 aircrafts or decreased by 16.76% from the the previous year of 43,009 aircrafts.
previous year of 684,960 aircrafts. On the other hand,
total international aircraft movements was 101,577 In aggregate, total aircraft movements decreased
aircrafts or increased by 0.83% from the previous by 10.8% in 2019. This condition illustrates
year which as 100,703 aircrafts. the industry dynamics that has affected the
performance of PT Angkasa Pura I (Persero). The
Furthermore, total realized local/military aircraft following table presents aircraft movement data in
movements in 2019 experienced negative growth the last three years.
Domestic, International and Local/Military Aircraft Movements in Indonesia in 2019
Remarks Growth in 2019 (%) 2019 2018 2017
Domestic aircraft movements (16.67%) 570,734 684,960 647,293
International aircraft movements 0.83% 101,577 100,703 89,120
Local/ military aircraft movements (18.83%) 34,911 43,009 54,974
Total (10,8%) 707,222 792,672 791,387

Total Aircraft Movements
Aircraft
Movements
800.000
780.000
760.000 792.672
791.387
740.000
720.000
700.000
680.000
707.222
660.000
2017 2018 2019
PASSENGER MOVEMENTS
As of 31 December 2019, total realized domestic from the previous year of 16,375,076 pax. Further,
passengers was 59,089,896 pax or decreased by total realized transit passengers was 4,517,713 pax
24.67% from the previous year of 74,505,616 pax. or decreased by 21.73% from the previous year of
On the other hand, total realized international 5,771,621 pax. Overall, total passenger movements
passengers was 17,925,091 pax or increased by 7.55% was 81,532,700 pax/day.
Domestic, International and Transit Passenger Movements in Indonesia in the Last Three Years
Domestic passenger movements (24.67%) 59,089,896 74,505,616 69,847,884
International passenger movements 7.55% 17,925,091 16,375,076 14,497,952
Transit passenger movements (21.73%) 4,517,713 5,771,621 5,405,492
Total (15.64%) 81,532,700 96,652,313 89,751,328

Total Passenger Movements
100.000.000 Passenger
Movements
95.000.000
90.000.000 96.652.313
791.387
85.000.000
80.000.000 89.751.328
75.000.000
81.532.700
70.000.000
2017 2018 2019
CARGO MOVEMENTS
Total realized domestic cargo movements in 2019 movements decreased by 6.69% from 457,749,380
was 305,186,561 kg or decreased by 21.20% from the kg in 2018 to 427,135,421 kg in 2019. The following
realization of the previous year of 387,272,253 kg. On table presents data on domestic and international
the other hand, total realized international cargo cargo movements for 2017, 2018 and 2019.
movements was 121,948,860 kg. Total realized cargo
Domestic and International Cargo Movements in the Last Three Years
Domestic cargo movements (21.20%) 305,186,561 387,272,253 264,475,489
International cargo movements 73.03% 121,948,860 70,477,27 69,650,011
Total (6.69%) 427,135,421 457,749,380 334,125,500
Total Cargo Movements Cargo Movements
500.000.000
450.000.000
400.000.000
457.749.380
350.000.000
427.135.421
300.000.000
334.125.500
250.000.000
200.000.000
150.000.000
100.000.000
50.000.000
0
2017 2018 2019

Operational Performance Review
PT Angkasa Pura I (Persero) is a business entity 11. Ahmad Yani Airport (SRG) - Semarang
engaged in providing airport services. In practice, 12. Lombok Airport (LOP) - Praya
services provided by the Company include 13. El Tari Airport (KOE) - Kupang
aeronautical (airport), non-aeronautical (non- 14. Yogyakarta International Airport (YIA) - Kulon
airport), and airport-related services. The Company Progo
is headquartered in Jakarta and as of 31 December 15. Sentani Airport (DJJ) - Jayapura
2019, there were 15 (fifteen) airports and one 16. Strategic Commercial Business Unit - Bali
commercial business unit located in Bali managed
by PT Angkasa Pura I (Persero) in accordance with In addition to airports, PT Angkasa Pura I (Persero)
the Decree of the Minister of Transportation No. KP has established 5 (five) Subsidiaries to run airport
907 of 2014 concerning PT Angkasa Pura I (Persero) support businesses, namely PT Angkasa Pura
as an Airport Business Entity, as follows: Logistic, PT Angkasa Pura Property, PT Angkasa
1. I Gusti Ngurah Rai Airport (DPS) - Bali Pura Support, PT Angkasa Pura Hotel, and PT
2. Juanda Surabaya Airport (SUB) - Surabaya Angkasa Pura Retail. Since 2013, the aeronautical
3. Sultan Hasanuddin Airport (UPG) - Makassar services provided by the Company are only non-
4. Sultan Aji Muhammad Sulaiman Sepinggan Air Traffic Services (ATS). Therefore the Company
Airport (BPN) - Balikpapan is committed to develop its business in non-
5. Frans Kaisiepo Airport (BIK) - Biak aeronautical services with airport city concept
6. Sam Ratulangi Airport (MDC) - Manado which is change in business orientation and
7. Adisutjipto Airport (JOG) - Yogyakarta process with emphasis on non-aeronautical sector
8. Adi Soemarmo Airport (SOC) - Surakarta and customer satisfaction.
9. Syamsudin Noor Airport (BDJ) - Banjarmasin
10. Pattimura Airport (AMQ) - Ambon

Strategic Target and Company Strategy
STRATEGIC TARGET the capacity of all airports is currently reaching

As stated in the Long-Term Corporate Plan (RJPP) an average of 89 million passengers per year.
2019-2023, PT Angkasa Pura I (Persero) has set the This commitment is also stated in the Long Term
following strategic targets: Corporate Plan (RJPP) for 2019-2023. In 2019, PT
1. To reach air passenger traffic of more than 130 Angkasa Pura I (Persero) served 81,532,713 million
million passengers; air passenger movements, lower than the target
2. To reach total operational income of Rp 24 of 101 million air passenger movements. When
trillion; compared to 2018 which served 96.5 million
3. To achieve EBITDA margin exceeding 50%; air passenger movements at 13 airports under
4. To achieve Airport ASQ scores above the global management, there was a decrease of 15.64% or
average according to the category of total around 15 million air passenger movements.
passengers at respective airports;
5. To acquire seven UPT airports & develop 2 CORPORATE STRATEGY
greenfield airports. WINNING STRATEGIES
The company has established 4 (four) Winning
PT Angkasa Pura I (Persero) is committed to Strategies and 5 (five) Key Enablers to realize the
increasing capacity at the 13 airports managed vision of “Connecting the World Beyond Airport
by the company to reach 140 million passengers Operator with Indonesian Experience”.
by 2023. This represents a challenge as well as an
opportunity for the company, considering that
Vision
CONNECTING THE WORLD BEYOND AIRPORT OPERATOR
WITH INDONESIAN EXPERIENCE
Winning
Strategies
HIGH PERFORMING CULTURE

Key EFFECTIVE LEADERSHIP
Enabler CUSTOMER CENTRIC ORGANIZATION
WORLD CLASS ICT & MANAGEMENT SYSTEM
COMPETENT HUMAN CAPITAL
Strategic
Initiatives

SERVICE EXCELLENCE AND COMPLIANCE in accordance with principles of World Class

The current and future focus of the company Company Management and good and proper
is making PT Angkasa Pura I (Persero) a Corporate Governance. The strategic initiatives
company which provides service excellence to performed by the company to support Cost
customers including to airlines, passengers and and Risk Management strategy include Cost
concessionaires. Therefore, the company’s strategy Effectiveness and Efficiency Improvement, Robust
to improve service quality and compliance to Funding Strategy, and Effective Enterprise Risk
applicable regulations is to use the Service Management.
Excellence and Compliance strategy. The strategic
initiatives performed by the company to support SOCIOECONOMICALLY RESPONSIBLE GREEN
the Service Excellence and Compliance strategy CORPORATION
include Service Level Improvement, Effective PT Angkasa Pura I (Persero) has taken the
Internal Service Level Agreement (SLA), and initiative and is committed to implementing
Airport Regulation Compliance. environmentally friendly principles (Eco-
Green) and providing optimum benefits for
The Customer Satisfaction Index (CSI) is a the surrounding community. To implement
benchmark used by the Company to measure the this commitment, the Company has adopted
achievement of targets. CSI is used by referring to the Socioeconomically Responsible Green
the service performance benchmarks used by all Corporation strategy. The strategic initiatives
business actors in the airport industry, and taking performed by the company include “Eco-Airport”
into account the aspirations of the Company’s Concept Implementation, Effective Corporate
shareholders. Social Responsibilities (CSR) Program, and “Green
Corporation” Concept Implementation.
REVENUE ENHANCEMENT
PT Angkasa Pura I (Persero) has adopted Revenue KEY ENABLERS
Enhancement strategy to increase revenues To strengthen the above winning strategies, PT
by not only focusing on quantitative amount Angkasa Pura I (Persero) has established 5 (five)
of revenue, but also on revenue composition. Key Enablers, such as:
Revenue composition enhancement is achieved
through non-aeronautical revenue, which is the HIGH PERFORMING CULTURE
amount of revenue from reliable sources which In creating an organizational culture that
can ensure the continuation of the strengthening has excellence, PT Angkasa Pura I (Persero)
of the Company in long term. Strategic initiatives implemented strategic initiatives, such as: High
performed by the company to support Revenue Performing Culture, Effective Performance
Enhancement strategy include Non-Aero Revenue Management System, and Effective Performance-
and Profitability Maximization, Subsidiaries Based Incentive System.
Profitability Maximization, and New Profitable
Business Development. EFFECTIVE LEADERSHIP
The increasingly dynamic business development
COST AND RISK MANAGEMENT demands dynamic management of human
Cost and Risk Management Strategy is the resources. Therefore, PT Angkasa Pura I (Persero)
strategy of PT Angkasa Pura I (Persero) in investing implemented Effective Leadership by initiating
selectively and prudently by focusing on cost Leadership Effectiveness Enhancement in
efficiency, risk management, and implementation encouraging leadership effectiveness.

CUSTOMER CENTRIC ORGANIZATION 3. Products and Processes Effectiveness

PT Angkasa Pura I (Persero) implemented Customer a. Airport Development and Service Level
Centric Organization strategy to encourage Improvement
the organization to be customer-focused by b. Increase in the procurement system
initiating Business Process Reengineering, Lean through the implementation of
and Customer Centric Organization and Effective framework contracts
Parenting Model Establishment. c. Improve the monitoring of investment
programs
WORLD CLASS ICT AND MANAGEMENT SYSTEM 4. Workforce Focus
PT Angkasa Pura I (Persero) implemented World a. Creating a Lean and Customer Centric
Class ICT and Management System to realize Organization through the implementation
world-class ICT consiting of initiatives of World of Job Scoring Analysis
Class Management System implementation (for b. Effective Career Management System
example HC Management), Effective Management through the implementation of
System, Parenting Policy Development, and Competency Assessment
Holding Company System Development c. All employees’ individual
(Reporting and Taxation). d. Improvement of the quality of the Human
Capital Information System (HCIS) system
COMPETENT HUMAN CAPITAL 5. Leadership, Governance and Social
In managing Human Capital, PT Angkasa Responsibility
Pura I (Persero) employed Competent Human a. Ensuring the implementation of
Capital strategy by initiating the Effective People transparency in Corporate Governance
Development Program and the World Class Talent b. Compliance with the implementation of
Management System. applicable laws and regulations
c. Meeting the standards of the Excellence
Based on Winning Strategies , the Company’s Performance Assessment Criteria
Strategy for 2019 is derived as follows: (KPKU) as a reference for managing the
1. Finance and Markets company’s operations
a. Acceleration of the external loan process d. Ensuring the channeling of partnership
for investment financing funds, increasing the collectibility of
b. Intensifying the collection of account return on partnership fund loans and
receivable increase the absorption capacity of the
c. Optimizing the use of funds donation distribution of the Community
d. Growth of business revenue and Development program
profitability optimization 6. Agent of Development
2. Focus on Customers a. Strategic Partnership for Potential Airports
a. Focus on improving operational services b. Management of Potential UPT Airport for
by meeting the level of service standards business development.
b. Reparations of the airport facilities and
terminal beautification
c. Improvement of the service to customers
by implementing the AOCC and Contact
Center “Bandara172”

Production Tool Facility
PT Angkasa Pura I (Persero) has production warehouses, and parking lots in all airports
tool facilities which include runways, aprons, managed by the Company. Some of the production
aviobridges, passenger terminals, cargo facilities are described below:
Main Production Tool per 31 December 2019
Terminal
Avio-
Airport Runway Apron International Domestic VIP Cargo
bridge
mxm Parking stand (m2) (unit) Area (m2) and capacity (Pax/tahun)
North Apron
Area: 82.899 m2 126.162 m2
67.884 m2 189,669 m2
Cap: 47 PS 16.000.000
DPS 3,000mx45m 30 9.000.000 ,ppa 7,074 m2 73,327 ton/year
South Apron mppa
Area: 83.020 m2
Cap: 16 PS
Area: 325.318 m2 45.093 m2

62.700 m2 11,702 m2
Cap: 51 PS 5.000.000
SUB 3,000mx45m 25 6.000.000 mppa - 116,324 ton/year
Cargo Apron: mppa
Area: 47.700 m2
RW 03L-21
3.815 m2 808,42 m2 6,780 m2
3,100mx45m Area: 220.827 m2 47.190 m2
UPG 6 400.000 mppa 60-100 pax 76,131 ton/year
RW 13-31 Cap: 43 PS 7.000.000 mppa
2500mx45m
2,394 m2 12,000 m2
Area: 111.800 m2 7.624 m2 102.934 m2
BPN 2,500mx45m 11 100 pax 61,900 ton/year
Cap: 18 PS 600.000 mppa 14.000.000 mppa
3,545 m2
Area: 30.060 m2 5.936 m2 17.196 m2
JOG 2,200mx45m 0 NONE 23,752 ton/year
Cap: 11 PS 600.000 mppa 2.400.000 mppa
Area: 80.412 m2 9.043 m2 1.049,95 m2 972 m2

BDJ 2,500mx45m 3
Cap: 8 PS 1.600.000 mppa 150 pax 22.297 ton/year
Area: 72.522 m2 59.406 m2 2.560 m2

SRG 2,560mx45m 3 300 m2
Cap: 12 PS 6,900,000 mppa 16.097 ton/year
Area: 48.386 m2 28.750 m2 5.800 m2 7,517 m2

LOP 2,750mx45m 4
Cap: 10 PS 3.400.000 mppa 35 pax 17,216 ton/year
Area: 98.994 m2 5.996 m2 20.560 m2 8,882 m2

MDC 2,650mx45m 4 1,220 m2
Cap: 20 PS 500.000 mppa 3.000.000 mppa 15,258 ton/year
Area: 99.423 m2 8.732 m2 24.618 m2 2,732 m2

SOC 2,600mx45m 4 -
Cap: 12 PS 230.000 mppa 3.900.000 mppa 8,500 ton/year
Area: 40.747 m2 10.270 m2 1.440 m2 2,836 m2

AMQ 2,500mx45m 2
Cap: 10 PS 1.200.000 mppa 180 pax 7,971 ton/year
Area: 40.747 m2 7,642 m2 2,300 m2

KOE 2,500mx45m 0 NONE
Cap: 12 PS 1.000.000 mppa 6,954 ton/year
Area: 35.876 m2 3,165 m2 615,05 m2 855 m2

BIK 3,570mx45m 0
Cap: 5 PS 500,000 mppa 110 pax 1,319 ton/year
Area: 80.412 m2 15.137 m2 894 m2

YIA 2.250mx45m 10 -
Cap: 8 PS 1.200.000 mppa 21.593 ton/year

Marketing Aspect
Based on Government Regulation No. 25 of 1987 regulations. In accordance with Minister of
dated 19 May 1987, PT Angkasa Pura I (Persero) has Transportation Regulation No. PM 36 of 2014, the
been granted the authority to manage airports in determination of tariffs for airport services which
Central and Eastern Indonesia, while PT Angkasa include PJP4U, PJP2U, Aviobridge, Counters, and
Pura II (Persero) manages airports in Western PJKP2U require a prior recommendation from the
Indonesia. Other airports not managed by Minister of Transportation.
Angkasa Pura I and II are under the management
of the Technical Implementation Unit (UPT) of the With these regulations, PT Angkasa Pura I (Persero)’s
Ministry of Transportation. marketing concept cannot be compared to the
marketing strategies of other companies in general.
In addition, the price aspect especially in the This section discusses the company’s marketing
aeronautical segment as an important marketing aspect, which includes marketing strategies and
component is also regulated under government market share for products and services.
Marketing Strategy
The Company has a Directorate of Marketing and and foreign tourists had a positive impact
Services that is responsible for promotional and on the company. Through the Directorate of
marketing activities, which emphasizes service quality Marketing and Services, in 2019 PT Angkasa Pura
and customer experience, both for aeronautical and I (Persero) organized various events for driving
non-aeronautical services. demand and traffic growth in airports managed
by the company, which included Collaborative
During 2019, the marketing strategy of PT Angkasa Destination Development (CDD) and Gathering
Pura I was focused on implementing quality with regulators and partners. Additionally, the
services and creating value for airport users, Company conducted joint marketing with airline
from access to boarding. The Company also operators, provincial and local governments and
promoted excellence in airport services, such as stakeholders of the tourism industry.
services for people with special needs, effective
commercial concept, and fast track for security Throughout 2019, several promotional activities
and immigration. In addition, the Company also organized by PT Angkasa Pura I (Persero) or
prioritized client relationship management and those involving PT Angkasa Pura I (Persero) can
brand value strengthening strategies. be seen in the following table:
Promotional Activities
Furthermore, PT Angkasa Pura I (Persero)
collaborated with the Government and business
actors in the tourism industry to market
attractions, amenities and accessibilities of tourist
destinations. In general, the increase in domestic

Promotional Activities and Involvement of PT Angkasa Pura I (Persero) in Various Events in 2019
No Date Venue Activities
National
1 18 September 2019 Yogyakarta Development of 5 Super Priority Tourism Destinations
International
1 10 – 12 March 2019 Cebu, Philippines Routes Asia 2019
2 21 – 24 September 2019 Adelaide, Australia World Routes 2019
3 13 – 15 April 2019 Shanghai, China Cargo Fact 2019
Additional Routes and Landing Fee In 2019, the landing fee incentive for airline was
Incentives discount from total Landing Service cost for
PT Angkasa Pura I (Persero) provided landing domestic and international flights for 12 (twelve)
fee incentive policies to airlines that opened new months in the amount of 100% for 11 (eleven)
routes. With these incentives, it was expected to airports managed by PT Angkasa Pura I (Persero),
support the development of new routes to have including:
a positive impact on increasing passenger traffic
using airport services.
Landing Fee Incentive Provided To Airlines That Open New Routes
No Airport Domestic Flights International Flights
1 SAMS Sepinggan – Balikpapan 100% 100%
2 Juanda – Surabaya Not Applicable 100%
3 Sultan Hasanuddin – Makassar 100% 100%
4 Sam Ratulangi – Manado 100% 100%
5 Syamsuddin Noor – Banjarmasin 100% 100%
6 Jenderal Ahmad Yani – Semarang 100% 100%
7 Adi Soemarmo – Solo 100% 100%
8 Internasional Lombok - Praya 100% 100%
9 Pattimura – Ambon 100% 100%
10 Frans Kaisiepo – Biak 100% 100%
11 El Tari – Kupang 100% 100%

Besides incentives for new routes, PT Angkasa Pura I (Persero) opened 103 new routes at eight
Pura I (Persero) also provides incentive for an airports. Details on the incentives for new routes
increase in flight frequency. In 2019, PT Angkasa are as follows:
Incentive Distribution for Airlines in 2019 by PT Angkasa Pura I (Persero)
No Airport Total Route
1 I Gusti Ngurah Rai – Denpasar 7 New Routes
2 Juanda – Surabaya 8 New Routes
3 Internasional Lombok - Praya 2 New Routes
4 Jenderal Ahmad Yani – Semarang 12 New Routes
5 Adi Soemarmo – Solo 2 New Routes
6 Sam Ratulangi – Manado 4 New Routes
7 Adisutjipto – Yogyakarta 44 New Routes
8 SAMS – Balikpapan 24 New Routes
Total 103 New Routes
One of the significant opening routes was the Parking, and Hangar Services (PJP4U), Passenger
opening of the route by Transnusa. In 2019, Service Charge (PJP2U), Aviobridge, Countes,
Transnusa opened a route from SAMS Airport and Aircraft Cargo and Postal Service (PJKP2U),
– Balikpapan to Jenderal Ahmad Yani Airport – it needed to obtain a prior recommendation
Semarang. from the Ministry of Transportation. In 2018, there
were tariff adjustments for PJP2U (Passenger
Pricing is one of the important aspects in Service Charge), PJP4U (Aircraft Landing, Parking
marketing, considering that prices are a reflection and Hangar Services), Check-in Counter and
of the results (returns) received by the Company for Aviobridge for domestic and international flights
services that have been provided to its customers. at 13 (thirteen) PT Angkasa Pura I (Persero) airports.
In its implementation, in accordance with the
regulation of the Minister of Transportation Following are the tariff adjustments made in 2019
Number PM. 36 of 2014, regarding the stipulation of by PT Angkasa Pura I (Persero):
tariffs for airport services including Aircraft Landing,
Passenger Service Charge (PJP2U) Tariff
New Rate (Rp)

No Airport Effective Date
Domestic International
1 Jenderal Ahmad Yani - Semarang - 210,000

25 December 2019
2 SAMS Sepinggan - Balikpapan 100,000 -

Airport Service Quality

In order to measure the performance of airport Council International (ACI). In 2019, ACI assessed 10
products and services, PT Angkasa Pura I (Persero) airports managed by the Company. The improved
uses the Customer Satisfaction Index (CSI) scores showed better performance and indicated
assessment method. In 2019, CSI assessment was an improvement in the quality of airport services
carried out at 13 airports. The survey results showed compared to the previous year.
an increase in CSI in 2019 compared to 2018.
Details of the CSI and ASQ assessments can be
In addition to using the CSI approach, PT Angkasa found in the Corporate Social and Environmental
Pura I (Persero) also participated in the Airport Responsibility Chapter of this Annual Report.
Service Quality (ASQ) assessment by the Airport
Market Share
The market conditions in the airport industry in was aircraft traffic of 35.61% and the last was cargo
Indonesia can be divided into three factors, namely movements of 26.24%. The share of passenger
passenger movements, aircraft traffic and cargo movements, aircraft movements and cargo
movements. In 2019, the largest share was passenger movements consecutively decreased by 2.97%, 5.01%,
movements of 40.21%. The second largest share and 5.86% compared to the previous year.
Total of National Aviation Market Share in the Last Three Years
Description Growth in 2019 (%) 2019 2018 2017
Based on Passenger Movements (2.97) 40,21 41.44 43.40
Based on Aircraft Traffic (5,01) 35.61 37.49 42.89
Based on Cargo Movements (5.86) 24.26 25.77 26.70
Diagram of National Aviation Market Share 2019
40,21 35,61
Passenger Movements
Aircraft Traffic
Cargo Movements
24,26

In general, the market share of PT Angkasa Pura I The market share of PT Angkasa Pura I (Persero)
(Persero) showed a decline from the previous year for passenger movements in 2019 increased by
compared to PT Angkasa Pura II (Persero). The 2.17% from 41.44% to 42.36% compared to PT
largest market share for passenger movements, Angkasa Pura II (Persero). Further, the market
aircraft traffic and cargo movements was owned share for aircraft traffic increased by 9.16% from
by PT Angkasa Pura II (Persero). PT Angkasa 37.49% in 2018 to 41.27% in 2019. The market share
Pura I (Persero) had a market share of 42.36% for for cargo movements in 2019 was 36% or increased
passenger movements, 41,27% for aircraft traffic by 28.43% from 25.77% in 2018.
and 36,00% for cargo movements.
PT Angkasa Pura I (Persero) Market Share in 2019 (%)
PT Angkasa Pura I PT Angkasa Pura II

Description
(Persero) (Persero)
2019
Based on Passenger Movements 42.36 44.09
Based on Aircraft Traffic 41.27 43.95
Based on Cargo Movements 36,00 64,00
2018
Based on Cargo Movements 25.77 52.46
2017
Based on Cargo Movements 26.70 54.02
Diagram of Market Share of PT Angkasa Pura I (Persero) in 2019 by Passenger Movements
90.700.000
AP 1
AP 2
Passengers
81.532.700

Diagram of Market Share of PT Angkasa Pura I (Persero) in 2019 by Aircraft Traffic
736.000
AP 1
AP 2
Aircraft
707.202
Diagram of Market Share of PT Angkasa Pura I (Persero) in 2019 by Cargo Movements
732.000.000 427.135.421
AP 1
AP 2
Cargo
PT Angkasa Pura I (Persero) cooperated with other 5. Komodo Airport – Labuan Bajo
companies in the construction and operation of 6. Juwata Airport – Tarakan
Kediri Airport. In addition, the Company is going to 7. Domine Eduard Osok Airport – Sorong
conduct studies and acquisitions at 7 (seven) UPT
airports, namely: These various efforts are expected to increase
1. Syukuran Aminuddin Amir Airport – Luwuk the market share of PT Angkasa Pura I (Persero),
2. Jayapura Airport – Sentani especially in the next five years.
3. Mutiara SIS Al Jufrie Airport – Palu
4. APT Pranoto Airport – Samarinda

Performance Per Operating Segment
Business Segment Aeronautical business segment provides services,

The Company’s business segments consists of including:
aeronautics (airport) and non-aeronautics (non- a. Aircraft Landing, Parking and Hangar Services
airport). However, in carrying out its operations, the (PJP4U).
business of PT Angkasa Pura I (Persero) is categorized b. Passenger Service Charge (PJP2U).
by divisions of operation, namely aeronautics, non- c. Extend and Advance.
aeronautics, cargo, and others and subsidiaries. d. Garbarata Service (Aviobridge).
e. Counter Check-In Usage.
Aeronautical Service Business Segment f. Baggage Handling System.
(Airport
Aeronautical Production/Service Aeronautical services performance of PT Angkasa
(Airport) Pura I (Persero) for the last three years can be seen in
the following table:
Aeronautical Services Performance of PT Angkasa Pura I (Persero) in 2017-2019
Description Unit Growth 2019 2018 2017
Aircraft Landing, Parking and Hangar Ton -13% 25,016,634 28,681,347 28,098,099
Services (PJP4U)
Domestic Ton -17% 18,204,152 21,971,121 21,883,742
International Ton 2% 6,812,482 6,710,226 6,214,357
Passenger Service Charge (PJP2U) Pax -16% 35,755,591 42,349,974 40,078,358
Domestic Pax -13% 25,016,634 28,681,347 28,098,099
International Pax -17% 18,204,152 21,971,121 21,883,742
Extend and Advance Hr 2% 6,812,482 6,710,226 6,214,357
Domestic Hr -59% 6,68 16,359 15,945
International Hr -58% 6,247 14,701 14,458
Use of Aviobridge Ton -74% 433 1,659 1,487
Domestic Ton -6% 28,302,004 30,253,959 28,116,989
International Ton -11% 17,488,015 19,655,806 18,818,445
Use of Counter Pax 2% 10,813,989 10,598,153 9,298,544
Domestic Pax -16% 35,640,003 42,242,630 39,906,428
International Pax -21% 26,933,352 34,026,851 32,452,235
Baggage Handling System* Pax 6% 8,706,651 8,215,779 7,454,193
*BHS/HBS tariff components have been included in the Passenger Service Charge (PJP2U) tariff component

Generally, the Company’s operational performance, before the end of the relevant airport operating time.
particularly for domestic services, experienced a Submission is made in writing to General Manager
negative growth throughout 2019. The main factor with copy for Airport Duty Manager.
causing this condition a rise in airfares, resulting
in many domestic air passengers to reduce their Overall, extension of operating time (extend and
air activities by airplane or instead using other advance) decreased by 59% or 9,679 hours from 16,359
transportation alternatives. hours in 2018 to 6,680 hours in 2019. Extension of
domestic operating hours decreased by 58% or 8,454
For international flights, PT Angkasa Pura I (Persero) hours from 14,701 hours in 2018 to 6,247 hours in 2019.
recorded a growth in aeronautical services with Meanwhile, extension of international operating time
a range of 2 – 6%. However, Extend and Advance decreased sharply by 74% or 1,226 hours from 1,659
services in 2019 experienced a significant percentage hours in 2018 to 433 hours in 2019.
reduction in both international (74%) and domestic
(58%) services. COUNTER USAGE
In relation to counter usage, in 2019, PT Angkasa Pura
AIRCRAFT LANDING, PARKING AND HANGAR I (Persero) recorded that counter usage decreased
SERVICES (PJP4U) by 16% or 6.6 million pax from 42,242,630 pax in 2018
PJP4U production in 2019 was 25,016,634 tons, to 35,640,003 pax in 2019. Domestic counter usage
decreased by 3.67 million tons or 13% from 2018 which decreased by 21% or 7,093,499 pax from 34,026,851 pax
reached 28,681,347 tons. Domestic PJP4U production in 2018 to 26,933,352 pax in 2019. On the other hand,
was 18,204,152 tons, decreased by 3.77 million tons or international counter usage in 2019 increased by 6%
17% from 2018 which reached 21,971,121 tons. , domestic or 490,872 pax compared to those in 2018 of 8,215,779
PJP4U delivery decreased by 17% or 3.77 million tons. pax.
On the other hand, international PJP4U production
increased by 102,256 tons or 2% from 6,710,226 tons in AVIOBRIDGE USAGE
2018 to 6,812,482 tons in 2019. Aviobridge usage in 2019 was 28,302,004 tons, declined
by 6% or 1,951,955 tons from 30,253,959 tons in 2018.
PASSENGER SERVICE CHARGE (PJP2U) Domestic aviobridge usage declined by 11% or 2,171
As of 31 December 2019, PJP2U production decreased million tons from 19,655,806 tons in 2018 to 17,488,015
by 6.6 million pax or 16% from 42,349,974 pax in 2018 tons in 2019. Further, international aviobridge usage
to 35,755,591 pax in 2019. Further, domestic PJP2U increased by 2% or 215,836 tons from 10,598,153 tons in
production decreased by 7.1 million pax or 21% from 2018 to 10,813,989 tons in 2019.
34,032,778 pax in 2018 to 26,938,294 pax in 2019.
On the other hand, international PJP2U production BAGGAGE HANDLING SYSTEM
increased by 500,101 pax or 6% from 8,317,196 pax in PT Angkasa Pura I (Persero) has installed Baggage
2018 to 8,817,297 pax in 2019. Handling System (BHS) facility as its commitment to
maintain passenger safety and comfort. BHS facility
EXTEND AND ADVANCE is a conveyor system used to transport arriving and
PT Angkasa Pura I (Persero) has a policy to charge departing passengers’ baggage, especially after
additional fees for airport usage service outside inspection and check-in process. BHS facility is directly
operating time for Air Transportation Company integrated with Hold Baggage Screening which is a
or Aircraft Operator. In this context, every Air baggage check by x-ray machine to automatically
Transportation Company or Aircraft Operator is determine the security status of baggage to be
required to submit application for extension of airport distributed according to check, sorting, and baggage
operating time (extend/ advance) at least 2 (two) hours destination results.

AERONAUTICAL PRODUCTION/SERVICE Some activities performed by the Company to

CAPACITY (AIRPORTS) increase capacity including Collaborative Destination
In 2019, PT Angkasa Pura I (Persero) has increased Development and International Conference and
the capacity of aeronautical services (airports) despite Route Development.
a decline in passenger movements throughout
the year. The Company remains optimistic that in The following table shows the increase in aeronautical
the future, air travel demand will increase, so that services capacity (airports) in 2019.
investment needs to be encouraged to prepare for
the future challenges.
Capacity Enhancement of PT Angkasa Pura I (Persero) Aeronautical Services 2019
Description Unit Enhancement Capacity 2019 Capacity 2018
Aircraft Landing, Parking and Ton -13% 28.681.347 25.016.634

Hangar Services (PJP4U)
Domestic Ton -17% 21.971.121 18.204.152
International Ton 2% 6.710.226 6.812.482
Passenger Service Charge (PJP2U) Pax -16% 42.349.974 35.755.591
Domestic Pax 21% 34.032.778 26.938.294
International Pax 6% 8.317.196 8.817.297
Extend and Advance Hr -59% 16.359 6.680
Domestic Hr -58% 14.701 6.247
International Hr -74% 1.659 433
Aviobridge Usage Hr -6% 30.253.959 28.302.004
Domestic Ton -11% 19.655.806 17.488.015
International Ton 2% 10.598.153 10.813.989
Counter Usage Ton -16% 42.242.630 35.640.003
Domestic Pax -21% 34.026.851 26.933.352
International Pax 6% 8.215.779 8.706.651
Baggage Handling System Pax 100% 979.580 528

SALES/REVENUE OF AERONAUTICAL In the midst of declining passenger movements

SERVICES (AIRPORT) due to high airfare, PT Angkasa Pura I (Persero)
The decline in the number of airport users has recorded revenue growth from PJP4U
throughout 2019 has resulted in a significant and aviobridge usage of 23.99% and 30.59%,
decrease in operational performance. This also had respectively. On the other hand, a sharp decrease
an impact on the decline in operating revenues. in revenue occurred from BHS use by 99.95%. In
However, PT Angkasa Pura I (Persero) recorded the aggregate, aeronautical services revenue
a decrease in operating revenue of only 2.69%, decreased by Rp 137.71 billion or 2.69% from Rp 5.11
which is insignificant compared to the decline in trillion in 2018 to Rp 4.97 trillion in 2019.
airline traffic and the number of airport users in
Indonesia as a whole. The following table presents data on operating
revenues from the Company’s aeronautical
services in the last three years:
Sales Revenues from PT Angkasa Pura I (Persero) Aeronautical Services for 2017-2019
2019 2018 2017

Description Growth 2019 (%) (in thousand (in thousand (in thousand
rupiah) rupiah) rupiah)
Aircraft Landing, Parking and Hangar Services 23.99 892,877,554 720,128,251 574,447,311
(PJP4U)
Passenger Service Charge (PJP2U) -8.18 3,534,959,602 3,849,746,920 3,401,969,489
Aviobridge Usage 30.59 233,100,869 178,501,862 137,776,838
Counter and Conveyor Usage 11.01 149,868,725 135,002,277 113,527,631
Baggage Handling System (BHS) Usage -99.95 5,280 9,796,840 58,063,920
Aircraft Cargo and Postal Services (PJKP2U) -25.10 165,124,057 220,472.195 240,070,511
Total Sales/Revenues -2.69 4,975,936,088 5,113,648,346 4,525,855,700
Non-Aeronautical Service Business e. Billboard space rental

Segment f. Event and promotion
Non-Aeronautical Services Production/ g. Lounge
Service (Non-Airport) h. Maintenance and service fees
PT Angkasa Pura I (Persero) has included aviation
supporting services in non-aerounatical business The Company’s non-aeronautical services
segment, which consists of: performance in 2019 recorded different growth.
a. Rents, namely room rental, land rental, rent, Several types of services that experienced positive
and hangar rental, etc. growth include billboard rental space, event and
b. Concession on businesses at airport. promotion, and cargo warehouse services. On the
c. Parking and airport pass other hand, the types of services recorded to have
d. Utility (electricity, water, phone and internet negative growth include rent, concession, parking,
services). lounge, as well as maintenance and service fee.

The declining number of airport users triggered Performance in the last three years related to
by high passenger airfares was a major factor in non-aeronautical services of PT Angkasa Pura I
the declining performance of PT Angkasa Pura I (Persero) is presented in the following table:
(Persero), including non-aeronautical services.
Performance of Non-Aeronautical Service of PT Angkasa Pura I (Persero) in 2017-2019
Growth in
Description Unit 2019 2018 2017
2019 (%)
Rents m2xmonth 27% 9,488,436 7,490,291 8,542,321
Concession Rp/000 -7% 26,023,806,416 27,881,233,723 9,570,569,203
Car Parking Ticket -15% 28,264,917 33,371,374 29,096,030
Motorcycle Parking Ticket -7% 10,455,258 11,232,860 9,762,063
Airport Pass Ticket -55% 50,597 113,496 221,718
Electricity Usage Kwh -17% 43,807,615 52,675,053 45,850,618
Water Use m3 19% 626,363 525,845 495,704
Telephone Use PwtxMonth -11% 18,423 20,702 21,391
Data Service KiloByte 24% 1,228 994 854
Billboard Space Rental m2xMonth 534% 76,674 12,087 20,766
Event and Promotion EA 171% 9,971 3,679 7,650
Lounge Pax -33% 197,788 295,891 575,135
General Aviation Terminal (GAT) Rp/000 - 0 0 15.111.387

Concession
Maintenance and Service Fee EA -60% 5,474 13,711 21,426
Total Cargo Warehouse Services Kg 5% 91,179,716 86,754,808 238,361,160
Out-Domestic Cargo Warehouse Kg 66% 14,964,611 9,001,475 74,994,202

Service
Out-International Cargo Warehouse Kg 122% 18,831,844 8,471,092 36,081,086

Service
Inc-Domestic Cargo Warehouse Service Kg 119% 22,089,108 10,072,173 105,326,396
Cargo Warehouse Service Kg -40% 35,294,152 59,210,067 21,959,476
RENTS CONCESSION
Rental services increased by 27% or 1,998,145 m 2
The Company receives concession revenues from
from 7,490,291 m2 in 2018 to 9,488,436 m2 in 2019. companies operating in airports, such as Food
The reason for the increase in the number of rental and Beverage, Retail, Services, and Aircraft Cargo
services is the development of a new airport in Expedition (EMPU), Regulated Agent (RA), Ground
2019. Handling, and In-Flight Catering Companies. This

revenue is generated from airport facility usage LOUNGE

right for third party related to business activity In line with the decrease in the number of flight
performed in the airport. service users, the usage of lounge decreased
by 33% or 98,103 pax from 295,891 pax in 2018 to
Realization of concession production throughout 197,788 pax in 2019.
2019 decreased by 7% or Rp 1,857,427,307 thousand
from Rp 27,881,233,723 thousand in 2018 to Rp WAREHOUSING
26,023,806,416 thousand in 2019. In addition to significant growth in billboard
space rental, cargo warehouse service in 2019
CAR AND MOTORCYCLE PARKING was 91,179,716 kg, increased by 5% or 4,424,908
PT Angkasa Pura I (Persero) provides car and kg compared to the previous year. This increase
motorcycle parking facilities for airport users. In indicated high market demand for shipping
2019, motorcycle parking service decreased by 7% service by air and positive economic growth in
or 777,702 units from 11,232,860 units in 2018 to 2019.
10,455,258 units in 2019. Meanwhile, car parking
services also decreased by 15% or 5,106,457 units
from 33,371,374 in 2018 to 28,264,917 in 2019. This
decrease was in line with the reduction in flight
service users due to high airfares, making it
inaccessible for certain sections of the public.
Airport Pass
Airport pass in the last reporting period was 50,597,
decreased by 55% or 62,899 passes from 113,496
passes in 2018. The decrease in the use of airport
pass facility was due to decreased number of flight
service users.
BILLBOARD RENTAL SPACE

Performance of billboard rental space in 2019
recorded a significant growth of 534% or 64,587 m2,
from 12,087 m2 in 2018 to 76,674 m2 in 2019. It was
due to change of billboard business pattern from
billboard space rental to concession of advertising
in several airports.
DATA SERVICE
PT Angkasa Pura I (Persero) provides data service
at airports in order to improve the convenience
of flight service users. In 2019, data service usage
increased by 24% or 234 EA, from 994 EA in 2018 to
1,228 EA in 2019. Change in lifestyles towards digital
lifestyle in Indonesia has led to demand for data
service in various places, including in airport area.

Non-Aeronautical Production/Service
Capacity (Non-Airports)
In 2019, PT Angkasa Pura I increased the Some efforts to increase the capacity of non-
capacity of non-aeronautical services (non- aeronautical services include increasing the
airports). Despite the decrease in several types production of rental equipment for new airports
of services, PT Angkasa Pura I continues to and changing of cooperation form from area
develop its capabilities in order to achieve greater (concession) to per point (billboard rental).
opportunities in the years to come.
Capacity Enhancement of Non-Aeronautical Services of PT Angkasa Pura I (Persero) in 2019
Growth 2019
Description Unit Capacity in 2019 Capacity in 2018
(%)
Rents m2xmonth 8% 9.488.400 7.490.291
Concession Rp/000 -6% 26.334.753 27.908.952
Car Parking Ticket -15% 28.263.548 33.355.753
Motorcycle Parking Ticket -7% 10.455.258 11.232.860
Airport Pass Ticket -55% 50.597 113.496
Electricity Usage Kwh -17% 43.805.615 52.675.053
Water Use m3 19% 626.363 525.845
Telephone Use PwtxMonth -11% 18.480 20.702
Data Service KiloByte 24% 1.228 994
Billboard Space Rental m2xMonth 141% 76.674 31.860
Event and Promotion EA 171% 9.971 3.679
Lounge Pax -33% 197.788 295.891
General Aviation Terminal (GAT) Rp/000 - - -

Concession
Maintenance and Service Fee EA -60% 5.474 13.711
Total Cargo Warehouse Services Kg 5% 91.179.716 86.754.807
Out-Domestic Cargo Warehouse Kg 66% 14.964.611 9.001.475

Service
Out-International Cargo Warehouse Kg 122% 18.831.844 8.471.092

Service
Inc-Domestic Cargo Warehouse Service Kg 119% 22.089.108 10.072.173
Cargo Warehouse Service Kg -40% 35.294.152 59.210.067

Sales/Revenues of Non-Aeronautical
Services (Non-Airport)
In the midst of a decline in the number of On the other hand, the smallest contributor was
flights and passengers, in 2019 PT Angkasa Pura events and promotion amounting to Rp37.63
I (Persero) managed to increase revenue from billion. Along with the decline in passenger
non-aeronautical services by 7%. In this regard, movements, revenue from waiting room also
total non-aeronautical revenues increased from declined by 35%, from Rp 211.33 billion in 2018 to
Rp 3.41 trillion in 2018 to Rp 3.66 trillion in 2019. Rp138.29 billion in 2019.
Revenue from concession increased by 10% and The following table presents sales/revenues of PT
was the largest contributor in 2019 amounting to Angkasa Pura I (Persero) non-aeronautical services
Rp1.71 trillion. in the last three years:
Sales/ Revenues of PT Angkasa Pura I (Persero) Non-Aeronautical Services for 2017-2019
2019 2018 2017

Description Growth 2019 (%) (in thousand (in thousand (in thousand
rupiah) rupiah) rupiah)
Non-Aeronautical Facilities Usage -6% 420,492,455 447,436,647 335,052,570
Rental Revenue 9% 761,535,330 696,473,431 577,628,369
Waiting Room Usage -35% 138,296,643 211,332,198 114,123,735
Concession Revenue 10% 1,707,521,693 1,554,211,200 1,267,167,188
Event and Promotion 20% 37,636,364 31,267,755 35,066,205
Warehousing and Logistics 29% 295,897,412 229,173,525 201,756,729
Maintenance and Service Fee 8% 88,756,461 82,402,681 67,654,833
Other Services 32% 205,473,157 155,141,527 70,042,205
Total Non-Aeronautical Service Revenue 7% 3,655,609,514 3,407,438,964 2,668,491,834
Profitability of Aeronautical and Accordingly, in terms of profitability per business

Non-Aeronautical Services Business segment, the aeronautical segment recorded
Segments negative operating profit growth of Rp 807 billion
In 2019, PT Angkasa Pura I (Persero) posted or 36.09%, bringing the total operating profit of
total aeronautical and non-aeronautical this segment to Rp 1.43 trillion. On the other hand,
services revenue of Rp 4.01 trillion and Rp 6.48 operating profit in the non-aeronautical segment
trillion, respectively. The decline in passenger in 2019 increased by 72.89% or Rp 379.06 billion,
movements during the year caused operating with total operating profit of Rp 1.37 trillion.
revenues for aeronautical segment to decrease
by Rp 1.10 trillion or 21.59 %. On the other hand, The following table shows data on financial
non-aeronautical segment revenue increased by performance per business segment for 2019 and
Rp 1.38 trillion or 27.10%. 2018 and its growth:

Revenue and Profitability of PT Angkasa Pura I (Persero)

Aeronautical and Non-Aeronautical Services Business Segments in 2019
(in thousand rupiah)
2019
Description Airport Non-Airport Total Elimination Consolidation
OPERATING REVENUES
Third Party 3,891,295,455 4,740,250,147 8,631,545,602 - 8,631,545,602
Related Party 121,738,203 1,740,811,505 1,862,549,708 (1,862,549,708) -
Total Revenues 4,013,033,658 6,481,061,652 10,494,095,310 (1,862,549,708) 8,631,545,602
OPERATING EXPENSES
Third Party 2,391,618,455 3,546,247,396 5,937,865,851 - 5,937,865,851
Related Party 191,010,882 1,561,377,821 1,752,388,703 (1,752,388,703) -
Total Operating Expenses 2,582,629,337 5,107,625,217 7,690,254,554 (1,752,388,703) 5,937,865,851
OPERATING PROFIT 1,430,404,321 1,373,436,435 2,803,840,756 (110,161,005) 2,693,679,751
NON-OPERATING REVENUES (EXPENSES)
Non-Operating Revenues 1,316,556 (663,259,946) (661,943,390) - (661,943,390)

(Expenses)
Associates’ Profit (Loss) - (8,952,137) (8,952,137) - (8,952,137)
Profit Before Tax 1,431,720,877 701,224,352 2,132,945,229 (110,161,005) 2,022,784,224
Final Tax - - (109,731,383) - (109,731,383)
Income Tax - - (460,825,675) - (460,825,675)
Profit After Tax 1,431,720,877 701,224,352 1,562,388,171 (110,161,005) 1,452,227,166
Profit Attributable to:
Owner of Parent Entity - - - - 1,451,359,978
Non-Controlling Interest - - - - 867,188
Total Current Year Profit 1,431,720,877 701,224,352 1,562,388,171 (110,161,005) 1,452,227,166
Revenue and Profitability of PT Angkasa Pura I (Persero)

(in thousand rupiah)
2018
Description Airport Non-Airport Total Elimination Consolidation
OPERATING REVENUES
Third Party 5,007,316,777 3,513,770,533 8,521,087,310 - 8,521,087,310
Related Party 110,865,981 1,585,342,726 1,696,208,707 (1,696,208,707) -
Total Revenues 5,118,182,758 5,099,113,259 10,217,296,017 (1,696,208,707) 8,521,087,310

OPERATING EXPENSES
Third Party 2,707,645,131 2,896,647,452 5,604,292,583 - 5,604,292,583
Related Party 172,258,081 1,408,087,038 1,580,345,119 (1,580,345,119) -
Total Operating Expenses 2,879,903,212 4,304,734,490 7,184,637,702 (1,580,345,119) 5,604,292,587
OPERATING PROFIT 2,238,279,546 794,378,765 3,032,658,311 (115,863,588) 2,916,794,723
Non-Operating Revenues - (96,285,033) (96,285,033) - (96,285,033)

(Expenses)
Associates’ Profit (Loss) - 2,552,006 2,552,006 - 2,552,006
Profit Before Tax 2,238,279,546 700,645,738 2,938,925,284 (115,863,588) 2,823,061,696
Final Tax - - 128,127,639 - 128,127,639
Income Tax - - 689,015,898 - 689,015,898
Profit After Tax 2,343,454,753 700,645,738 2,121,781,747 (115,863,588) 2,005,918,159
Profit Attributable to:
Owner of Parent Entity - - - - 2,007,018,317
Non-Controlling Interest - - - - (1,100,156)
Total Current Year Profit 2,343,454,753 700,645,738 2,121,781,747 (115,863,588) 2,005,918,159
Revenue and Profitability Growth of PT Angkasa Pura I (Persero)

(in thousand Rupiah)
2018
Description Airports Non-Airport Total Elimination Consolidation
Rp % Rp % Rp % Rp % Rp %
OPERATING REVENUES
Third Party (1,116,021,322) (22.29) 1,226,479,614 34.90 110,458,292 1.30 - - 110,458,292 1.30
Related Party 10,872,222 9.81 155,468,779 9.81 166,341,001 9.81 (166,341,001) 9.81 - -
Total Revenues (1,105,149,100) (21.59) 1,381,948,393 27.10 276,799,293 2.71 (166,341,001) 9.81 110,458,292 1.30
OPERATING EXPENSES
Third Party (316,026,676) (11.67) 649,599,944 22.43 333,573,268 5.95 - - 333,573,268 5.95
Related Party 18,752,801 10.89 153,290,783 10.89 172,043,584 10.89 (172,043,584) 10.89 - -
Total Operating Expenses (297,273,875) (10.32) 802,890,727 18.65 505,616,852 7.04 (172,043,584) 10.89 333,573,268 5.95
OPERATING PROFIT (807,875,225) (36.09) 579,057,666 72.89 (228,817,559) (7.55) 5,702,583 (4.92) (223,114,976) (7.65)
Non-Operating Revenues 1,316,556 - (566,974,913) 588.85 (565,658,357) 587.48 - - (565,658,357) 587.48

(Expenses)
Associates’ Profit (Loss) - - (11,504,143) (450.79) (11,504,143) (450.79) - - (11,504,143) (450.79)
Profit Before Tax (806,558,669) (36.03) 578,614 0.08 (805,980,055) (27.42) 5,702,583 (4.92) (800,277,472) (28.35)
Final Tax - - - - (237,859,022) (185.64) - - (237,859,022) (185.64)
Income Tax - - - - (1,149,841,573) (166.88) - - (1,149,841,573) (166.88)

Financial Review
The Public Accounting Firm (KAP) of Purwanto, all material matters, consolidated financial position
Sungkoro and Surja has audited the Company’s of PT Angkasa Pura I (Persero) and its subsidiaries
Consolidated Financial Statements for the years that on 31 December 2019 and 2018, as well as business
ended on 31 December 2019 and 2018. Based on the revenue, equity change and consolidated cash flows
audit outcomes, the firm has provided fair opinion in for the years that ended in those dates.
Financial Performance
This section discusses the Consolidated Statement Statement, which indicate the performance of PT
of Financial Position, Income and Comprehensive Angkasa Pura I (Persero) for the reporting period of 1
Income Statement and Consolidated Cash Flow January - 31 December 2019.
Consolidated Statement of Financial Position
Consolidated Statement of Financial Position of PT Angkasa Pura I (Persero) for the Last Three Years
Growth in 2019
Description 2019 2018 2017
(Rp) %
ASSETS
Current Assets
Cash and Cash Equivalent 2,361,789,792 75% 5,510,903,592 3,149,113,800 4,146,085,966
Short-Term Investment 187,755,531 39% 665,862,312 478,106,781 407,155,975
Trade Receivables – Net
Third Party (30,261,173) -7% 389,314,007 419,575,180 427,375,259
Related Party 48,116,078 53% 138,453,120 90,37,042 92,919,624
Other Receivables 40,632,505 102% 80,344,191 39,711,686 19,053,290
Inventories (15,403,794) -18% 69,404,026 84,807,820 68,668,359
Advance Payment and Prepaid Expenses (19,421,102) -12% 139,959,625 159,380,727 72,003,022
Accrued Revenue (7,421,891) -2% 291,022,438 298,444,329 225,606,033
Prepaid Tax 473,092,576 129% 840,957,804 367,865,228 105,569,123
Other Current Assets 36,010,306 127% 64,277,125 28,266,819 13,395,768
Total Current Assets 3,074,891 60% 8,190,498,240 5,115,606,412 5,577,832,420
LIABILITIES
Short Term Liability
Accrued Expenses (89,751,509) -6% 1,322,288,034 1,412,039,543 1,379,558,217
Trade Payables:
Third Party (332,574,858) -57% 255,047,300 587,622,158 239,965,248

Consolidated Statement of Financial Position of PT Angkasa Pura I (Persero) for the Last Three Years
Growth in 2019
(Rp) %
Related Party (41,898,626) -41% 59,820,083 101,718,709 10,812,049
Prepaid Income (18,930,583) -13% 128,332,276 147,262,859 97,657,593
Tax Payables 32,266,598 8% 425,502,215 393,235,617 586,915,606
Short-Term Bank Loans 52,379,600 50% 158,010,670 105,631,070 76,718,537
Current Portion of Long-Term Debt (403,022,252) -43% 538,975,837 941,998,089 720,938,954
Other Payables (632,669,369) -16% 3,292,812,136 3,925,481,505 1,232,182,579
Total Short Term Liability (1,434,200,999) -19% 6,180,788,551 7,614,989,550 3,948,861,194
Long-Term Liability
Long-Term Bank Loans 11,338,211,283 211% 16,724,208,207 5,385,996,924 3,665,693,887
Bonds and Sukuk Ijarah Debt 1,195,495 0% 2,994,896,323 2,993,700,828 2,992,474,960
Other Long-Term Debt 218,442,607 128% 388,971,461 170,528,854 174,905,265
Employee Benefits Liability 134,898,231 45% 437,293,206 302,394,975 549,244,430
Deferred Tax Liability (9,194,317) -10% 79,885,504 89,079,821 -
Total Long-Term Liability 11,683,553,299 131% 20,625,254,701 8,941,701,402 7,382,318,542
TOTAL LIABILITIES 10,249,352,300 62% 26,806,043,252 16,556,690,952 11,650,348,788
EQUITY
Share Capital - 0% 6,414,412,000 6,414,412,000 6,414,412,000
Additional Paid in Capital 8,588,878
State Equity Participation (PMN) - 0% 22,963,207 22,963,207 255,096,706
Book Value of Fixed Asset Navigation - 0% (37,004,793) (37,004,793) (269,138,292)

from State Equity Participation (PMN)
Accumulated Depreciation of Fixed Asset - 0% 408,393,524 408,393,524 408,393,524

Navigation from BPYPDS
Other Comprehensive Income (70,686,418) -2387% -67,725,696 2,960,722 74,064,750
Retained Earnings:
Appropriated 1,545,404,103 25% 7,774,022,361 6,228,618,258 5,093,757,108
Current Year Earnings (555,658,337) -28% 1,451,359,978 2,007,018,315 1,418,577,150
Total Equity Attributable to:
Owner of Parent Entity 927,648,226 6% 15,975,009,459 15,047,361,233 13,395,162,946
Non-Controlling Interest 634,95 13% 5,498,388 4,863,436 6,298,096
TOTAL EQUITY 928,283,178 6% 15,980,507,847 15,052,224,669 13,401,461,042
TOTAL LIABILITIES AND EQUITY 11,177,635,478 35% 42,786,551,099 31,608,915,621 24,732,640,778

Financial Positions of PT Angkasa Pura I (Persero) in the Last Three Years (in million Rupiah)
45.000.000 42.786.551
40.000.000
35.000.000 31.608.916
30.310.472
30.000.000 26.806.043
25.000.000
16.556.691
20.000.000 15.980.508
15.052.225
13.401.461
15.000.000 11.331.179
10.000.000
5.000.000
0
2017 2018 2019
Asset Liability Equity
Asset Positions of PT Angkasa Pura I (Persero) in the Last Three Years (in million Rupiah)
40.000.000 34.596.053
35.000.000
30.000.000 26.493.309
24.732.640
25.000.000
20.000.000
15.000.000
8.190.498
10.000.000 5.577.832 5.115.606
5.000.000
0
2017 2018 2019
Current Asset Non-Current Asset
Liability Positions of PT Angkasa Pura I (Persero) in the Last Three Years (in million Rupiah)
25.000.000 20.625.255
20.000.000
15.000.000
8.941.701
7.382.318 7.614.990
10.000.000 6.180.789
5.000.000 3.948.861
0
2017 2018 2019
Short-Term Liability Long-Term Liability

ASSETS
In 2019, the Company recorded growth in total in 2018. The growth in total assets was due to an
assets of 35% or Rp 11,177 billion to Rp 42,786 increase in current assets of Rp 3,075 billion and
billion, compared to Rp 31,608 billion recorded non-current assets of Rp 8,013 billion.
Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Current Asset 3,074,891,828 60% 8,190,498,240 5,115,606,412 5,577,832,420
Non-Current Asset 8,102,743,650 31% 34,596,052,859 26,493,309,209 19,154,808,358
Total Assets 11,177,635,478 35% 42,786,551,099 31,608,915,621 24,732,640,778
CURRENT ASSET
In total, in 2019 the Company’s current assets cash equivalents derived from loan disbursements to
increased by Rp 3.075 billion or 60% compared to 2018. finance airport construction projects in Yogyakarta,
The increase was mainly due to realization of cash and Surabaya, and Makassar.
Current Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Cash and Cash Equivalent 2,361,789,792 75% 5,510,903,592 3,149,113,800 41,46,085,966
Short-Term Investment 187,755,531 39% 665,862,312 478,106,781 407,155,975
Trade Receivables:
Third Party (30,261,173) -7% 389,314,007 419,575,180 427,375,259
Related Party 48,119,078 53% 138,453,120 90,337,042 92,919,624
Other Receivables 40,632,505 102% 80,344,191 39,711,686 19,053,290
Inventories (15,403,794) -18% 69,404,026 84,807,820 68,668,359
Advance Payment and (19,421,102) -12% 139,959,625 159,380,727 72,003,022

Prepaid Expenses
Accrued Revenue (7,421,891) -2% 291,022,438 298,444,329 225,606,033
Prepaid Tax 473,092,576 129% 840,957,804 367,865,228 105,569,123
Total Current Assets 3,074,891,828 60% 8,190,498,240 5,115,606,412 5,577,832,420

Cash and Cash Equivalents

In 2019, the position of cash and cash equivalents had in Kulonprogo, Yogyakarta, expansion of the
experienced an increase by Rp 2,262 billion or 75%. Surabaya Airport terminal, development of the
compared Rp 3.15 trillion in 2018. This was due to: Banjarmasin Airport and development of Bali
• Cash obtained from operating activities Airport.
amounting to Rp 1.5 trillion from aeronautical • Cash obtained from funding activities amounting
and non-aeronautical revenue. to Rp 10.5 trillion, mainly from receipt of long-
• Cash used for investment amounting to Rp term debt.
9.7 trillion, mainly for addition of fixed assets,
among others the fixed assets at new airport
Cash and Cash Equivalents of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Cash (286,626) -15% 1,598,780 1,885,406 1,656,418
Bank 107,867,618 12% 987,863,812 879,996,194 733,442,312
Deposit 2,254,208,800 99% 4,521,441,000 2,267,232,200 3,410,987,236
Total 2,361,789,792 75% 5,510,903,592 3,149,113,800 4,146,085,966
Short-Term Investment
The Company’s short-term investments increased by investments in bonds; and maturity of investment in
Rp 187 billion or 39% from 2018, which amounted to Rp Danareksa Melati Premium Dollar Mutual Fund and
478 billion. The increase was mainly due to additional Sinarmas Mutual Fund.
time deposits from Bank BRI and Bukopin; additional
Short-Term Investments of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Term Deposits > 3 Months 264,839,700 100% 264,839,700 - 10,200,000
Bonds – available for sale 3,634,348 19% 22,790,392 19,156,044 19,178,167
Mutual Funds (80,718,517) -18% 378,232,220 458,950,737 377,777,808
Total 187,755,531 39% 665,862,312 478,106,781 407,155,975
Trade Receivables – Net

Trade receivables increased by Rp 17.8 billion or 4% receivables from related parties amounting to Rp
from Rp 509.91 billion in 2018 to Rp 527.76 billion in 48.11 billion and a reduction of the trade receivables
2019. This increase was mainly due to a rise in trade from the third parties amounting to Rp 30.26 billion.

Trade Receivables – Net of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Third Party (30,261,173) -7,21% 389,314,007 419,575,180 427,375,259
Related Party 48,116,078 53,26% 138,453,120 90,337,042 92,919,624
Total Trade Receivables 17,854,905 3,50% 527,767,127 509,912,222 520,294,883
Other Receivables - Net

Other receivables, net increased by Rp 40.6 billion or in 2019. This increase was due to the increase of other
102% from Rp 39.71 billion in 2018 to Rp 80.34 billion receivables from the third party by Rp 40.62 billion.
Other Receivables, Net of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Third party 40,627,573 93,69% 83,990,931 43,363,358 20,784,921
Impairment loss allowance 4,932 -0,14% (3,646,740) (3,651,672) (1,731,631)
Total Other Receivables - 40,632,505 102,32% 80,344,191 39,711,686 19,053,290

Net
Inventories
Inventories decreased by Rp 15.4 billion or 18% from The decrease was due to an increase in the use of
Rp 84.81 billion in 2018 to Rp 69.4 billion in 2019. maintenance spare parts, office and printing supplies.
Inventories of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Maintenance spare parts (25,069,674) -59% 17,195,257 42,264,931 36,884,042
Office and printing supplies (3,568,130) -11% 30,264,587 33,832,717 19,738,913
Merchandise inventory 12,333,554 208% 18,274,762 5,941,208 6,822,910
Fuel inventory (26,589) -1% 2,446,291 2,472,880 2,329,763
Hotel and lounge supplies (601,467) -32% 1,260,045 1,861,512 2,929,647
Total (16,932,306) -20% 69,440,942 86,373,248 68,705,275
Impairment allowance 1,528,512 -98% (36,916) (1,565,428) (36,916)
Total (15,403,794) -18% 69,404,026 84,807,820 68,668,359

Advance Payment and Prepaid Expense

The company recorded a decrease in advance in 2019. This was due to a decrease in the realization
payment and prepaid expense by Rp 19.42 billion or of employee cost advances and the use of prepaid
12%, from Rp 159.38 billion in 2018 to Rp 139.96 billion inventory.
Advance Payment and Prepaid Expense of PT Angkasa Pura I (Persero) in the Last Three Years
Growth in 2019
(Rp) %
Current Portion (19,421,102) -12% 139,959,625 159,380,727 (72,003,022)
Accrued Revenue
Accrued revenues decreased by Rp 7.4 billion or 2% 60.42 billion and the increase in accrued revenue
from Rp 298.44 billion in 2018 to Rp 291.02 billion in from non-aeronautical services amounting to Rp
2019. This decrease was mainly due to a decrease in 51.45 billion.
accrued revenue from aeronautical services of Rp
Accrued Revenue of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Aeronautical Service (60,420,149) -32% 131,198,556 191,618,705 174,811,169
Non-Aeronautical Service 51,454,221 51% 152,838,505 191,618,71 44,263,507
Others 1,544,037 28% 6,985,377 5,441,340 6,531,357
Total (7,421,891) -2% 291,022,438 298,444,329 225,606,033
Prepaid Tax
Prepaid tax increased by Rp 473 billion or 129%, from at Syamsudin Noor Airport, Banjarbaru. Further,
Rp 367.87 billion in 2018 to Rp 840.96 billion in 2019. payment was made on additional VAT Input for
This increase was mainly due to the increase in VAT subsidiaries on the purchase of Garbarata and Power
input of Rp 400 billion on new assets of.Yogyakarta Mover Systems at Yogyakarta International Airport
International Airport project and a new terminal and Syamsudin Noor Airport, Banjarmasin.

Prepaid Tax of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Company
VAT Input 404,030,611 178% 631,013,856 226,983,245 33,388,706
Subsidiaries
VAT Input 73,509,562 54% 209,943,948 136,434,386 69,656,825
Income Tax Article 28 (4,447,597) -100% - 4,447,597 -
Income Tax Article 22 - - - - 57,416
Income Tax Article 23 - - - - 2,281,528
Other Taxes - - - - 184,648
Total 473,092,576 129% 840,957,804 367,865,228 105,569,123
Other Current Assets

Other current assets increased by Rp 36.01 billion billion in 2019. The other current assets emanated
or 127%, from Rp 28.27 billion in 2018 to Rp 64.28 from advance payment of projects.
Other Current Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
NON-CURRENT ASSETS
Total non-current assets recorded in 2019 was Rp All of the increase in non-current assets was related
34.59 trillion, increased by Rp 8.1 trillion or 30.58% from to the development of Airport in Banjarmasin and
Rp 26.49 trillion recorded in 2018. The growth of non- Airport project in Kulonprogo.
current assets of PT Angkasa Pura I (Persero) was
dominated by the growth of fixed assets by Rp 7.98
trillion or 30.56%,consisted of:
• reduction of land fixed assets of Rp 5.55 billion
• growth of field structures of Rp 862.05 billion
• buildings of Rp 606.32 billion
• equipment of Rp 472.39 billion, vehicles of Rp
16.39 billion
• Installations of Rp 73.22 billion

Non-Current Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Estimated Tax Bill 112,711,091 - 112,711,091 - 83,863,138
Deferred Tax Assets 7,337,726 17.83% 48,494,898 41,157,172 -
Long-Term Advance (21,656,639) 63.10% 12,665,215 34,321,854 52,741,388

Payment and Prepaid
Expenses
Long-Term Investment 9,156,873 9.10% 109,819,185 100,662,312 86,642,338
Property Investment, Net 1,015,442 0.79% 128,888,175 127,872,733 247,036,296
Fixed Assets 7,989,126,253 30.56% 34,127,910,920 26,138,784,667 18,627,786,052
Intangible Assets 1,144,092 2.70% 43,466,476 42,322,384 48,998,474
Other Non-Current Assets 3,909,352 47.75% 12,096,899 8,187,547 6,226,600
Total Non-Current Assets 8,102,743,650 30.58% 34,596,052,859 26,493,309,209 19,154,808,358
Estimated Tax Bill

The estimated tax bill was recorded at Rp 112.71 billion, no estimated tax bill was recorded in the previous year.
Estimated Tax Bill of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Company 99,018,495 - 99,018,495 -
Subsidiaries 13,692,596 - 13,692,596 -
Total 112,711,091 - 112,711,091 -
Deferred Tax Assets

Deferred tax assets increased by Rp 7.33 billion or 17.83%, from Rp 41.16 billion in 2018 to Rp 48.49 billion
in 2019.
Deferred Tax Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Company - - - - 51,980,772
Subsidiaries 7,337,186 17.83% 48,494,898 41,157,712 31,882,366
Total 7,337,186 17.83% 48,494,898 41,157,712 83,863,138

Long-Term Advance Payment and Prepaid

Expenses
Long-term advance payments and prepaid of Rp 27.37 billion, and additional advance of Rp
expenses decreased by Rp 21.65 billion or 63.10%, 10.29 billion as permanent contribution for Sentani
from Rp 34.32 billion in 2018 to Rp 12.66 billion in Airport managed by PT Angkasa Pura I (Persero)
2019. This decrease was mainly due to amortization to the Directorate General of Civil Aviation.
of house rent assistance to Company employees
Long-Term Advance Payment and Prepaid Expenses of PT Angkasa Pura I (Persero) in the Last Three Years
Growth in 2019
(Rp) %
Advance Payment and (41,077,741) -21,21% 152,624,840 193,702,581 124,744,410

Prepaid Expenses
Current Portion 19,421,102 -12,19% (139,959,625) (159,380,727) (72,003,022)
Non-Current Portion (21,656,639) -63,10% 12,665,215 34,321,854 52,741,388
Long-Term Investment
Long-term investment increased by Rp 9.16 billion of Indonesia Eximbank BEXI04BCN7 Sustainable
or 9.10%, from Rp 100.66 billion in 2018 to Rp Bonds with a carrying value of Rp 10.07 billion.
109.82 billion in 2019. This was due to the purchase
Long-Term Investment of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Bonds 11,986,195 89.71% 25,347,300 13,361,105 45,682,461
Equity Participation in (2,829,322) (3.24%) 84,471,885 87,301,207 86,300,400

Associated Entities
Joint Operation - - - - 341,938
Total 9,156,873 9.10% 109,819,185 100,662,312 86,642,338

Investment Property, Net

Investment property, net increased by Rp 1.01 billion or 0.79%, from Rp 127.87 billion in 2018 to Rp 128.88
billion in 2019.
Investment Property, Net of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Acquisition Cost
Land 4,936,470
Buildings/ Fields 21.30% 28,115,530 23,179,060 13,994,221
Accumulated Depreciation and Impairment Value
Buildings/Fields 3,921,028 10.22% 42,272,143 38,351,115 66,547,821
Book Value 1,015,442 0.79% 128,888,175 127,872,733 247,036,296
Fixed Assets
PT Angkasa Pura I (Persero) recorded an increase The increase was due the development projects
in fixed assets of Rp 7,989 billion or 30.56%, from of Syamsudin Noor Airport, Banjarmasin and
Rp 26,138 billion in 2018 to Rp 34,127 billion in 2019. Yogyakarta International Airport, Kulon Progo.
Fixed Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Acquisition Cost
Land (5,556,041) -0.09% 6,245,109,933 6,250,665,974 795,978,770
Structures (fields) 1,183,198,296 17.34% 8,008,456,026 6,825,257,730 5,324,562,457
Buildings 784,289,394 12.11% 7,261,245,424 6,476,956,030 5,456,264,612
Aviation Equipment (11,780,379) -41.45% 16,638,040 28,418,419 28,441,193
Vehicle 71,912,733 14.44% 569,900,886 497,988,153 482,998,121
Installations 162,396,437 12.83% 1,428,106,778 1,265,710,341 1,089,651,001
Equipment 876,461,857 16.02% 6,348,936,733 5,472,474,876 4,760,468,424
Assets under Construction 5,964,402,860 98.51% 12,018,982,252 6,054,579,392 6,425,749,706
Total 9,025,325,157 27.46% 41,897,376,072 32,872,050,915 24,364,114,284
Accumulated Depreciation 1,036,198,904 15.39% 7,769,465,152 6,733,266,248 5,736,328,232

and Impairment Value
Book Value 7,989,126,253 30.56% 34,127,910,920 26,138,784,667 18,627,786,052

Intangible Assets
PT Angkasa Pura I (Persero) recorded an increase consultation fee of the ERP software support.
in intangible assets by Rp 1.15 billion or 2.70%, Amortization expense of the intangible assets
from Rp 42.32 billion in 2018 to Rp 43.47 billion during 2019 and 2018 were entirely charged to the
in 2019. Software intangible assets are mainly airport operational expenses.
the installations cost, implementation and
Intangible Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Acquisition Cost
Software
Company 6,254,052 7.79% 86,581,756 80,327,704 78,044,791
Subsidiaries 5,467,290 84.75% 11,918,089 6,450,799 4,313,532
Total 11,721,342 13.51% 98,499,845 86,778,503 82,358,323
Accumulated Amortization and Impairment Value
Software
Company 9,679,548 22.27% 53,141,808 43,462,260 32,712,532
Subsidiaries 897,702 90.32% 1,891,561 993,859 647,317
Total 10,577,250 23.79% 55,033,369 44,456,119 33,359,849
Total Intangible Assets, Net 1,144,092 2.70% 43,466,476 42,322,384 48,998,474
Other Non-Current Assets

Other Non-current assets increased by Rp 3.91 billion or 47.75%, from Rp 8.19 billion in 2018 to Rp 12.10
billion in 2019.
Other Non-Current Assets of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Other Non-Current Assets 3,909,352 47.75% 12,096,899 8,187,547 6,226,600
LIABILITIES
Liabilities recorded in 2019 amounted to Rp A factor in this increase was the rise in non-current
26.81 trillion, representing an increase of Rp 10.25 liabilities worth Rp 11.68 trillion on long-term bank
trillion or 61.90% compared to the year before. loans.

Liability of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Current Liability (1,434,200,999) 18.83% 6,180,788,551 7,614,989,550 3,948,861,194
Non-Current Liability 11,683,553,299 130.66% 20,625,254,701 8,941,701,402 7,382,318,542
Total Liability 10,249,352,300 61.90% 26,806,043,252 16,556,690,952 11,650,348,788
CURRENT LIABILITY
Current liability in 2019 was Rp 6,181 billion, decreased billion for payables settlement of acquisition of fixed
by 18.83% or Rp 1,434 billion. This decrease emanated assets of Rp 446.78 billion.
from the decrease of other payables by Rp 632.67
Current Liability of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Trade Payables (374,473,484) (54.32%) 314,867,383 689,340,867 250,777,297
Other Payables (632,669,369) (16.12%) 3,292,812,136 3,925,481,505 1,232,182,579
Prepaid Income (18,930,583) (12.85%) 128,332,276 147,262,859 97,657,593
Accrued Expenses (89,751,509) (6.36%) 1,322,288,034 1,412,039,543 1,379,558,217
Tax Payables 32,266,598 8.21% 425,502,215 393,235,617 267,746,554
Short-Term Bank Loan 52,379,600 49.59% 158,010,670 105,631,070 76,718,537
Current Portion of Long- (403,022,252) (42.78%) 538,975,837 941,998,089 644,220,417

Term Loan
Total Current Liabilities (1,434,200,999) (18.83%) 6,180,788,551 7,614,989,550 3,948,861,194
Trade Payables
Trade payables decreased by Rp 374 billion or the settlement of third party trade payables of Rp
54.32%, from Rp 689 billion in 2018 to Rp 314 307 billion for the construction of YIA Airport in
billion in 2019. The decrease was mainly due to Kulonprogo.
Trade Payables of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Third Party (332,574,858) (56.60%) 255,047,300 587,622,158 239,965,248
Related Party (41,898,626) (41.19%) 59,820,083 101,718,709 10,812,049
Trade Payables (374,473,484) (54.32%) 314,867,383 689,340,867 250,777,297

Other Payables
Other payables decreased by Rp 632.67 billion settlement from the acquisition of fixed assets of
or 16.12%, from Rp 3.93 trillion in 2018 to Rp 3.29 Rp 464.78 billion.
trillion in 2019. The decrease was due to payable
Other Payables of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Acquisition of Fixed Assets (464,783,074) (13.86%) 2,889,176,416 3,353,959,490 718,602,046
Customer Guarantee (126,834,446) (34.23%) 243,728,335 370,562,781 367,904,347
Tantiem Work Incentive (25,000,000) (25.00%) 75,000,000 100,000,000 40,869,678
Debtor’s Deposit (8,822,327) (28.29%) 22,364,293 31,186,620 47,694,000
Vendor Guarantee (10,455,155) (34.29%) 20,032,940 30,488,095 16,296,494
Manager’s Deposit (4,470,744) (18.98%) 19,078,496 23,549,240 21,652,326
BMKG and DJU’s Deposits (500,475) (3.81%) 12,643,085 13,143,560 14,133,950
Contribution 4,898,255 214.52% 7,181,591 2,283,336 4,525,375
Deposits/ Other Payables 3,298,597 1069.64% 3,606,980 308,383 2,057,363
Total (632,669,369) (16.12%) 3,292,812,136 3,925,481,505 1,232,182,579
Prepaid Income
Prepaid income decreased by Rp 19 billion or a decrease in prepaid domestic income by Rp 18
12.85%, from Rp 147 billion in 2018 to Rp 128 billion billion.
in 2019. This decrease was largely influenced by
Prepaid Income of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Domestic Income (18,842,192) (12.83%) 128,075,183 146,917,375 97,436,153
International Income (88,391) (25.58%) 257,093 345,484 221,440
Total (18,930,583) (12.85%) 128,332,276 147,262,859 97,657,593
Accrued Expenses
Accrued expenses decreased by Rp 89.75 billion airport service, although an increase was recorded
or 6.36%, from Rp 1.41 trillion in 2018 to Rp 1.322 in some other accounts.
trillion in 2019. The decrease in accrued expenses
emanated from the decrease of Rp 92.97 billion in

Accrued Expenses of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Employee (42,158,708) (8.87%) 432,869,194 475,027,902 393,061,087
Airport services (92,969,751) (20.88%) 352,327,734 445,297,485 279,028,352
General (41,541,992) (15.12%) 233,257,539 274,799,531 446,439,085
Maintenance 34,931,550 77.01% 80,289,872 45,358,322 90,923,458
Rent 21,558,266 48.09% 66,389,530 44,831,264 56,046,321
Interest 7,396,110 18.88% 46,576,249 39,180,139 35,157,897
Utility 8,525,051 31.34% 35,726,758 27,201,707 32,340,238
Tax 8,618,819 42.89% 28,713,370 20,094,551 20,067,543
Supply 7,519,627 58.02% 20,480,106 12,960,479 9,778,110
Others (1,630,481) (5.98%) 25,657,682 27,288,163 16,716,126
Total (89,751,509) (6.36%) 1,322,288,034 1,412,039,543 1,379,558,217
Tax Payables
Tax payables increased by Rp 32.27 billion or 8.21%, 4 (2) final of Rp 28.37 billion for construction work
from Rp 393.24 billion in 2018 to Rp 425.50 billion on the development of the Banjarmasin Airport
in 2019. The increase was due to Income Tax Article and Kulonprogo Airport projects.
Tax Payables of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Company
Input VAT 2,881,676 1.97% 149,507,016 146,625,340 22,471,377
Output VAT 8,645,193 10.49% 91,028,438 82,383,245 70,381,766
Income Tax Article 4 (2) 28,373,552 74.86% 66,273,593 37,900,041 3,407,953
Income Tax Article 25 1,202,291 7.83% 16,558,482 15,356,191 11,273,022
Income Tax Article 21 (14,202,551) (65.71%) 7,412,242 21,614,793 14,883,079
Income Tax Article 23 245,520 7.13% 3,688,088 3,442,568 2,269,604
Income Tax Article 22 758,702 195.01% 1,147,767 389,065 329,191
Income Tax Article 29 (363,867) (100.00%) - 363,867 48,619,955

Tax Payables of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Subsidiaries
Output VAT 24,539,506 47.21% 76,519,623 51,980,117 38,635,869
Income Tax Article 25 (16,380,347) (77.06%) 4,875,814 21,256,161 723,482
Income Tax Article 23 3,065,636 265.41% 4,220,704 1,155,068 1,448,143
Income Tax Article 21 483,238 29.62% 2,114,579 1,631,341 1,657,339
Income Tax Article 4 (2) (411,484) (28.82%) 1,016,195 1,427,679 5,370,398
Income Tax Article 29 (5,233,947) (100.00%) - 5,233,947 15,732,696
Other Tax (1,336,520) (53.97%) 1,139,674 2,476,194 30,505,004
Total 32,266,598 8.21% 425,502,215 393,235,617 267,746,554
Short-Term Bank Loan

Short-Term Bank Loan increased by Rp 52.38 and Rp 24 billion from Bank Syariah Mandiri.
billion or 49.59%, from Rp 105.63 billion in 2018 to Moreover, repayments were made against these
Rp 158.01 billion in 2019. This increase was due to loans in 2019 amounting to Rp 52 billion and Rp
additional bank loans of the subsidiaries, namely 36 billion, respectively.
PT Angkasa Pura Properti and PT Angkasa Pura
Support of Rp 116 billion respectively from Bank
Pembangunan Derah Jawa Barat dan Banten
Short-Term Bank Loans of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Subsidiaries
PT Bank Pembangunan 64,070,000 148.31% 107,270,000 43,200,000 -

Daerah Jawa Barat and
Banten Tbk
PT Bank Negara Indonesia - 0.00% 26,431,070 26,431,070 41,000,000

(Persero) Tbk
PT Bank Syariah Mandiri (11,690,400) (32.47%) 24,309,600 36,000,000 35,718,537
Total 52,379,600 49.59% 158,010,670 105,631,070 76,718,537

Current Portion of Long-Term Loan NON-CURRENT LIABILITY

The bank portion from overdue bank loan Non-current liability in 2019 was Rp 20.62 trillion,
decreased by Rp 403.02 billion or 42.78%, from Rp increased by Rp 11.68 trillion or 131% compared to
942 billion in 2018 to Rp 538.98 billion in 2019. Rp 8.94 trillion in 2018. The increase in non-current
liability was mainly due to the increase in Long-Term
Bank Loan of Rp 11.34 trillion.
Non-Current Liability of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Long-Term Bank Loan 11,338,211,282 211% 16,724,208,204 5,385,996,924 3,665,693,887
Bonds and Sukuk Ijarah 1,195,495 0,04% 2,994,896,323 2,993,700,828 2,992,474,960

Debts
Other Long-Term Debt 218,891,660 128% 389,420,515 170,528,854 174,905,265
Employee Benefit Liability 134,898,231 45% 437,293,206 302,394,975 549,244,430
Deferred Tax Liability (9,194,318) -10% 79,885,504 89,079,821 -
Total Non-Current Liabilities 11,684,002,350 131% 20,625,703,752 8,941,701,402 7,382,318,542
Long-Term Bank Loan

Long-term bank loan increased by Rp 11,338 billion In addition, there were long-term loans from
or 211%, from Rp 5,385 billion in 2018 to Rp 16,724 Bank Mandiri, BRI and BNI, which are reclassified
billion in 2019. This was due to the following: to the current portion due to maturity of Rp 483
• Withdrawal of bank loan facility amounting billion.
to Rp 11.4 trillion, which was used to pay • An increase in long-term bank loans to
for the Kulonprogo airport construction subsidiaries, with the following details:
project, expansion of Surabaya airport a. Additional capital to Angkasa Pura
terminal, development of Banjarmasin Support amounting to Rp 230 billion
airport, expansion of Makassar airport, and from Bank BNI and BSM accompanied
development of Bali airport. These loans by the realization of payment of Rp 31
emanated from: billion at the same banks.
a. Syndicated Loan amounting to Rp 2.5 b. Additional capital to Angkasa Pura
trillion; Properti amounting to Rp 15.5 billion from
b. New loans from Bank Syariah Mandiri, Bank Muamalat, along with realization of
BTN, Bank Mandiri in the amount of Rp 5 payment of Rp 1 billion at the same bank.
trillion;
c. Loans from BRI Syariah, BTN and SMI
amounting to Rp 770 billion, Rp 1.5 trillion
and Rp 1.6 trillion, respectively in 2019.

Long-Term Bank Loans of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Company 10,757,089,701 171% 17,032,599,228 6,275,509,527 4,243,683,310
Subsidiaries 213,761,562 343% 276,036,763 62,275,201 66,230,994
Unamortized Loan Cost (35,662,232) 364% (45,451,947) (9,789,715) -
Substracted by: Current 403,022,252 -43% (538,975,837) (941,998,089) (644,220,417)

Portion of Long-Term Bank
Loans
Non-Current Portion 11,338,211,283 211% 16,724,208,207 5,385,996,924 3,665,693,887
Bond and Sukuk Ijarah Debts

Bond and sukuk ijarah debts increased by Rp 1.19 2,994 billion in 2019. This was due to a decrease in
billion or 0.04%, from Rp 2,993 billion in 2018 to Rp unamortized loan cost.
Bond and Sukuk Ijarah Debts of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Bond Debt - 0% 2,500,000,000 2,500,000,000 2,500,000,000
Sukuk Ijarah Debt - 0% 500,000,000 500,000,000 500,000,000
Unamortized Loan Costs 1,195,495 -19% (5,103,677) (6,299,172) (7,525,040)
Total 1,195,495 0,04% 2,994,896,323 2,993,700,828 2,992,474,960
Other Long-Term Debt

Other long-term debt in 2019 was Rp 388.97 due to an increase in customer guarantee from
billion, increased by Rp 218.44 billion or 128% from third party (PT Dufrindo International) in the
Rp 170.53 billion in 2018. The increase was mainly amount of Rp 200 billion.
Other Long-Term Debt of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Prepaid Income (5,071,418) -5% 100,971,111 106,042,529 111,100,092
Customer Guarantee 225,760,443 385% 284,446,771 58,686,328 62,105,179
Supplier Business Guarantee (1,175,185) -31% 2,571,343 3,746,528 -
Others (1,071,233) -52% 982,236 2,053,469 1,699,994
Total 218,442,607 128% 388,971,461 170,528,854 174,905,265

Employee Benefit Liability

Employee benefit liability increased by Rp 134 program amounting to Rp 79.85 billion and the
billion or 45%, from Rp 302.39 billion in 2018 to Rp Retirement Health Benefit amounting to Rp 58.18
437.29 billion in 2019. This increse was mainly due billion.
to the increase in benefit liability for the annuity
Employee Benefits Liability of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Company
Annuity 79,846,505 100% 79,846,505 - 200,657,269
Housing Allowance 1,800,240 9% 22,513,726 20,713,486 13,079,459
Achievement Award 9,814,764 77% 22,482,051 12,667,287 13,004,383
Retirement Health Benefit 58,181,220 100% 58,181,220 - 47,965,739
Pension Fund (23,176,263) -9% 229,669,098 252,845,361 265,546,625
Sub Total 126,466,466 44% 412,692,600 286,226,134 540,253,475
Subsidiaries 8,431,765 52% 24,600,606 16,168,841 8,990,955
Total 134,898,231 45% 437,293,206 302,394,975 549,244,430
Deferred Tax Liability

Deferred tax liability decreased by Rp 9.19 billion deferred tax liability of the Company of Rp 16.92
or 10%, from Rp 89.08 billion in 2018 to Rp 79.89 billion and an increase in deferred tax liability of
billion in 2019. This was mainly due to a decline in subsidiaries of Rp 7.73 billion.
Deferred Tax Liability of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Company (16,922,514) -20% 68,729,872 85,652,386 -
Subsidiaries 7,728,197 225% 11,155,632 3,427,437 -
Total (9,194,317) -10% 79,885,504 89,079,821 -

EQUITY
In 2019, the Company’s equity reached Rp 15,980 billion in 2018. This increase was mainly due to an
billion, increasing by 6.16% compared to Rp 15,052 increase in retained earnings.
Equity of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Share Capital - - 6,414,412,000 6,414,412,000 6,414,412,000
State Equity Participation - - 22,963,207 22,963,207 255,096,706
Book Value of Fixed Assets - - (37,004,793) (37,004,793) (269,138,292)

Navigation from State Equity
Participation
Accumulated Depreciation - - 408,393,524 408,393,524 408,393,524

of Fixed Assets Navigation
from BPYPDS
Appropriated 1,545,404,103 24.81 7,774,022,361 6,228,618,258 5,093,757,108
Unappropriated (555,658,337) (27.69) 1,451,359,978 2,007,018,315 1,418,577,150
Other Comprehensive (70,416,691) (2.617.02) (67,725,696) 2,690,722 74,064,750

Income
Total Equity Attributable to 927,648,226 6.16 15,975,009,459 15,047,361,233 13,395,162,946

Owner of Parent Entity
Non-Controlling Interest 634,952 13.06 5,498,388 4,863,436 6,298,096
TOTAL EQUITY 928,283,178 6.17 15,980,507,847 15,052,224,669 13,401,461,042
SHARE CAPITAL STATE EQUITY PARTICIPATION

Authorized capital was 12,000,000 shares with a par Based on the Government Regulation No. 46 of 2018
value of Rp 1,000,000 (full amount) per share, issued dated September 27, 2018, the Company experienced
and paid up capital was Rp 6,414,412,000 thousand or a deduction in State Equity Participation (PMN) of the
6,414,412 shares. Republic of Indonesia with a book value of Rp 232.13
billion to be added to the State Equity Participation
of the Republic of Indonesia into the capital of Public
Company of LPPNPI.
State Equity Participation of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Beginning Balance - - 255,096,706 255,096,706 255,096,706
Deduction - - (232,133,499) (232,133,499) -
Total - - 22,963,207 22,963,207 255,096,706

TRANSFER OF FIXED ASSETS NAVIGATION

Reduction of Government’s capital through transfer b. Unspecified Government Assistance Status
of assets navigation to LPPNPI was based on the (BPYBDS) in the form of fixed assets navigation
letter of Minister of SOE No: S-46/MBU/2014 dated 30 that was returned to the government was
January 2014 concerning approval of the transfer of Rp 731.28 billion consisting of Juanda Airport
fixed assets navigation to Perum LPPNPI with a book Surabaya (Rp 69.31 billion), Hasanuddin Airport
value of Rp270,83 billion. Makassar (Rp 26.01 billion), Adi Sutjipto Airport
Yogyakarta (Rp 17.83 billion) and Makassar
The effects of the transfer of fixed assets navigation to Air Traffic Services Center (MASTC) (Rp 635.95
Perum LPPNPI were as follows: miliar) with accumulated depreciation of Rp
a. Fixed assets navigation as state equity 408.39 billion.
participation in the Company were returned for c. Adjustment on handed-over assets navigation was
a book value of Rp 270.83 billion in accordance a result of a clarification meeting related to the list
with Company Letter No. AP.1.6724/PL.07/2013/ of assets from the assessment result of Directorate
PD-B dated November 28, 2013 concerning General of State Assets held in October 17, 2014. The
revision of the proposed transfer of fixed assets corrected assets from the handed list were a land in
navigation to Perum LPPNPI, and based on Surabaya for Rp 93,955 thousand, a land in Kupang
the Minutes of Change in Assigned Asset Value for Rp 377,625 thousand and MATSC Makassar for
No. BA. 656/KU.21/2013/PDB dated December Rp 1,221,652 thousand.
30, 2013.
Transfer of Fixed Assets Navigation of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Book Value of Fixed Assets - - (269,138,292) (269,138,292) (270,831,524)

Navigation
Corrections of Transfer of - - 232,133,499 232,133,499 1,693,232

Asset
- - (37,004,793) (37,004,793) 269,138,292
Accumulated Depreciation - - 408,393,524 408,393,524 408,393,524

of Fixed Assets Navigation
RETAINED EARNINGS
Retained earnings in 2019 was Rp9.225 billion, increased by Rp989 billion or 12.02% compared 2018 that was Rp
8.235 billion.
Retained Earnings of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Retained Earnings
Appropriated 1,545,404,103 24.81 7,774,022,361 6,228,618,258 5,093,757,108
Unappropriated (555,658,337) (27.69) 1,451,359,978 2,007,018,315 1,418,577,150
Total 989,745,766 12.02 9,225,382,339 8,235,636,573 6,512,334,258

OTHER COMPREHENSIVE INCOME NON-CONTROLLING INTEREST

Other comprehensive income in 2019 was Rp Non-controlling interests in 2019 was Rp 5.50 billion,
(67.72) billion, decreased by Rp 70.41 billion or 26.17% increased by 13.06% compared to Rp 4.86 billion in
compared to Rp 2.69 billion in 2018. 2018.
EQUITY ATTRIBUTABLE TO OWNER OF PARENT

ENTITY
Equity attributable to owners of the parent entity
increased by Rp 927.65 billion or 6.16%, from Rp 15,052
billion in 2018 to Rp 15,980 billion in 2019.
Non-Controlling Interest of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
PT Angkasa Pura Logistik 354,619 10.17 3.840.523 3,485,904 4,056,768
PT Angkasa Pura Support 36,748 2.91 1.298.311 1,261,563 2,076,171
PT Angkasa Pura Properti 763 1.00 76.749 75,986 102,244
PT Angkasa Pura Hotel 242,821 607.31 282.804 39,983 62,913
Total 634,951 13.06 5.498.387 4,863,436 6,298,096

Consolidated Statement of Income and Other Comprehensive

Income
Consolidated Stament of Income and Other Comprehensive Income of PT Angkasa Pura I (Persero) in the Last
Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
OPERATING REVENUES
Appropriated 1,545,404,103 24.81 7,774,022,361 6,228,618,258 5,093,757,108
Aeronautical Income (137,712,258) (2.69) 4,975,936,088 5,113,648,346 4,525,855,700
Non-Aeronautical Income 248,170,550 7.28 3,655,609,514 3,407,438,964 2,668,491,834
TOTAL 110,458,292 1.30 8,631,545,602 8,521,087,310 7,194,347,534
Airport Operating Expenses 128,185,961 4.07 3,280,187,024 3,152,001,063 (2,528,911,02)
Employee Expenses 36,791,374 2.37 1,590,667,332 1,553,875,958 (1,301,466,53)
General and Administration 41,400,403 4.06 1,030,352,218 1,020,434,219 (1,301,384,42)

Expenses
Marketing Expenses (6,694,413) (18.42) 29,640,873 36,335,286 (75,155,175)
Other Income (91,947,251) (41.95) 127,257,058 219,204,309 48,872,595
Other Expenses 41,942,688 68.93 102,793,058 60,850,370 (61,810,882)
OPERATING PROFIT (223,114,945) (7.65) 2,725,162,155 2,916,794,696 1,974,492,094
Financial Income 29,477,416 17.46 198,326,544 168,849,128 253,144,578
Financial Expenses 595,135,773 224.47 860,269,934 265,134,161 (334,861,609)
Share in Profit of Associated 11,504,143 450.79 8,952,137 2,552,006 228,467

Entity
PROFIT BEFORE FINAL (800,277,472) (28.35) 2,054,266,628 2,823,061,696 183,003,530

INCOME TAX AND
CORPORATE INCOME TAX
Final Tax Expenses (18,396,256) (14.36) 109,731,383 128,127,639 (103,506,155)
PROFIT BEFORE (781,881,216) (29.01) 1,944,535,245 2,694,934,057 1,789,497,375

CORPORATE INCOME TAX
CORPORATE INCOME TAX (228,190,223) (33.12) 492,308,079 689,015,898 (369,144,323)

EXPENSES, NET
PROFIT OF CURRENT YEAR (553,690,993) (27.60) 1,452,227,166 2,005,918,159 1,420,353,052
OTHER COMPREHENSIVE
INCOME
Items that will be

Reclassified to Profit or Loss
Changes in Fair Value of 15,063,368 543.82 12,293,462 (2,769,906) 18,377,017

Financial Assets Available for
Sale

Consolidated Stament of Income and Other Comprehensive Income of PT Angkasa Pura I (Persero) in the Last
Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Items that will not be

Reclassified to Profit or Loss
Comprehensive Loss of (914,867) (58.98) (2,466,064) (1,551,197) 2,261,085

Associated Entity
Profit (Loss) of Acturial (13,741,192) (20.58) (80,524,121) (66,782,929) 110,823,515

Employee Benefits
OTHER COMPREHENSIVE (407,305) (0.57) (70,696,723) (71,104,028) 126,939,447

INCOME (LOSS) OF
CURRENT YEAR AFTER TAX
TOTAL COMPREHENSIVE (552,723,326) (928.58) 1,381,530,443 1,934,253,769 1,547,292,499

INCOME OF CURRENT YEAR
Profit of Current Year

Attributable to:
Owners of Parent Entity (555,658,337) (27.69) 1,451,359,978 2,007,018,315 1,418,577,150
Non-Controlling Interests 1,967,344 178.82 867,188 (1,100,156) 1,775,902
Total (553,690,993) (27.60) 1,452,227,166 2,005,918,159 1,420,353,052
Total Comprehensive
Income (Loss) of Current
Year Attributable to:
Non-Controlling Interests 1,957,139 177.90 856,983 (1,100,156) 1,775,902
Total (552,283,688) -28.56 1,381,530,443 1,934,814,131 1,547,292,499
Profit Per Basic Share (full (86,627) (27.69) 226,265 312,892 221,155
amount)
Profit Per Diluted Share (full (78,197) (25.75) 225,458 303,655 212,696
amount)

OPERATING REVENUES
Operating revenues increased by Rp 110.45 billion Sentani and Samarinda airports, whose revenues
compared to 2018. However, in terms of performance, had been budgeted since January 2019. Another
this figure was below the Company Work Plan and cause was the increase in airfares which resulted in
Budget (RKAP) target of 13.69% or Rp 1.37 trillion. the decline in public interest to use air transportation
The unrealized operating revenue target was due modes.
to unrealized takeover of UPT Labuan Bajo, Luwuk,
Operating Revenues of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Aeronautical Income (137,712,258) (2.69) 4,975,936,088 5,113,648,346 4,525,855,700
Non-Aeronautical Income 248,170,550 7.28 3,655,609,514 3,407,438,964 2,668,491,834
Total Operating Revenues 110,458,292 1.30 8,631,545,602 8,521,087,310 7,194,347,534
AERONAUTICAL INCOME
Aeronautical Income decreased by Rp 137.71 billion airfares which led to a decline in consumer interest
or 2.69%, from Rp 5,113 billion in 2018 to Rp 4,975 in using air transportation modes.
billion in 2019. This decline was due to a rise in
Aeronautical Income of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Aircraft Landing, Parking 172,749,303 23,99 892,877,554 720,128,251 574,447,311

and Hangar Services (PJP4U)
Passenger Service Charge (314,787,318) (8,18) 3,534,959,602 3,849,746,920 3,401,969,489

(PJP2U)
Aviobridge Usage 54,599,007 30,59 233,100,869 178,501,862 137,776,838
Counter and Conveyor Usage 14,866,448 11,01 149,868,725 135,002,277 113,527,631
Baggage Handling System (9,791,560) (99,95) 5,280 9,796,840 58,063,920

(BHS) Usage
Aircraft Cargo and Postal (55,348,138) (25,10) 165,124,057 220,472,195 240,070,511

Services (PJKP2U)
Total Aeronautical Income (137,712,258) (2,69) 4,975,936,088 5,113,648,346 4,525,855,700

NON-AERONAUTICAL INCOME
Non-aeronautical income increased by Rp 248.17 to an increase in concession and warehousing
billion or 7.28%, from Rp 3.41 trillion in 2018 to Rp service incomes.
3.65 trillion in 2019. This increase was mainly due
Non-Aeronautical Income of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Non-Aeronautical Facilities (26,944,192) (6,02) 420,492,455 447,436,647 335,052,570

Usage
Rental Income 65,061,899 9,34 761,535,330 696,473,431 577,628,369
Waiting Room Usage (73,035,555) (34,56) 138,296,643 211,332,198 114,123,735
Concession Income 153,310,493 9,86 1,707,521,693 1,554,211,200 1,267,167,188
Event and Promotion 6,368,609 20,37 37,636,364 31,267,755 35,066,205
Warehousing and Logistics 66,723,887 29,12 295,897,412 229,173,525 201,756,729
Maintenance and Service 6,353,780 7,71 88,756,461 82,402,681 67,654,833

Fee
Other Services 50,331,630 32,44 205,473,157 155,141,527 70,042,205
Total Non-Aeronautical 248,170,550 7,28 3,655,609,514 3,407,438,964 2,668,491,834

Income
OPERATING EXPENSES
Operating expenses increased by Rp 302.09 billion of operations at the new terminal of Semarang
or 5.39%, from Rp 5,604 billion in 2018 to Rp 5,906 airport and sections of the Yogyakarta International
billion in 2019. This was mainly due to an increase Airport (YIA) terminal.
in airport operating expenses following the start
Operating Expenses of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Airport Operating Expenses 128,185,961 4,07 3,280,187,024 3,152,001,063 2,528,911,022
Employee Expenses 36,791,374 2,37 1,590,667,332 1,553,875,958 1,301,466,536
General and Administration 9,917,999 0,97 1,030,352,218 1,020,434,219 1,301,384,420

Expenses
Marketing Expenses (6,694,413) (18,42) 29,640,873 36,335,286 75,155,175
Other (Income) Expenses (133,889,939) (84,55) (24,464,000) (158,353,939) 12,938,287
Total Operating Expenses 302,090,833 5,39 5,906,383,447 5,604,292,614 5,219,855,440

OPERATING PROFIT
Operating profit decreased by Rp 191.63 billion or in 2019. The decrease was in line with the decreasing
6.57%, from Rp 2,916 billion in 2018 to Rp 2,725 billion consumer demand due to a rise in airfares.
Operating Profit of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Operating Revenues 110,458,292 1.30 8,631,545,602 8,521,087,310 7,194,347,534
Operating Expenses 302,090,833 5,39 5,906,383,447 5,604,292,614 5,219,855,440
Operating Profit (191.632.541) (6,57) 2,725,162,155 2,916,794,696 1,974,492,094
FINANCIAL INCOME
The financial income of PT Angkasa Pura I (Persero) in billion in 2018. This increase was mainly due to a
2019 was recorded at Rp 198.32 billion, and increased significant increase in deposit interest income by Rp
by Rp 29.5 billion or 17.46% compared to Rp 168.85 23.9 billion or 17.58%.
Financial Income of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Deposit Interest 23,908,306 17,58 159,922,623 136,014,317 177,190,874
Giro Service (629,910) (2,87) 21,291,949 21,921,859 68,448,786
Bond and Mutual Fund 6,199,020 56,80 17,111,972 10,912,952 7,504,918

Interest
Total 29,477,416 17,46 198,326,544 168,849,128 253,144,578
FINANCIAL EXPENSES
The financial expenses in 2019 was Rp 860.26 interest capitalization on the Ahmad Yani Airport
billion, increased by Rp 595.13 billion or 224.47% development project, and the increase in long-
compared to Rp 265.13 billion in 2018. This term loan disbursement.
increase was mainly due to the cessation of loan
Financial Expenses of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Interest of Bank Loan and 594,438,647 226.39 857,007,177 262,568,530 333,007,634

Bonds
Bank Administrative 697,126 27.17 3,262,757 2,565,631 1,853,975

Expenses
Total 595,135,773 224.47 860,269,934 265,134,161 334,861,609

SHARE IN PROFIT OF ASSOCIATED ENTITIES

The share in profit of associated entities in 2019 was Rp 2.55 billion in 2018. This decline was due to a loss
Rp (8.95) billion, decreased by Rp 11.5 billion compared suffered by associated entities in 2019.
Share in Profit of Associated Entities of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
PT Gapura Angkasa (8.434.698) (125.00) (1,687,127) 6,747,571 5,480,053
PT Jasa Marga Bali Tol (3.069.445) (73.16) (7,265,010) (4,195,565) (5,251,586)
Total (11.504.143) (450.79) (8,952,137) 2,552,006 228,467
PROFIT BEFORE FINAL TAX AND CORPORATE

INCOME TAX
Profit before final tax and corporate income tax billion in 2018 to Rp 2,054 billion in 2019. The decrease
decreased by Rp 768.8 billion or 27.23%, from Rp 2,823 was in line with the reduction in operating profit.
Profit Before Final Tax And Corporate Income Tax of PT Angkasa Pura I (Persero) in the Last Three Years
Growth in 2019
(Rp) %
Operating Profit (191.632.541) (6.57) 2,725,162,155 2,916,794,696 1,974,492,094
Non-Operating Income (577.162.500) 615.75 (670,895,527) (93,733,027) (81,488,564)

(Expenses)
Profit Before Income Tax (768.795.041) (27.23) 2,054,266,628 2,823,061,669 1,893,003,530
CORPORATE INCOME TAX EXPENSE, NET

The corporate income tax expense, net in 2019 was Rp Rp 689.02 billion in 2018. This decline was in line with
492.30 billion, and decreased by 28.55% compared to the decreasing profit before income tax.
Corporate Income Tax Expense, Net of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Current Tax (52,507,048) (9.82) 482,279,914 534,786,962 446,980,943
Deferred Tax (144,200,771) (93.50) 10,028,165 154,228,936 (77,836,620)
Corporate Income Tax (196,707,819) (28.55) 492,308,079 689,015,898 369,144,323

Expense, Net

CURRENT YEAR PROFIT

Current year profit decreased by Rp 553.7 billion or 2019. This was due to a decrease in corporate profit
27.6%, from Rp 2.00 trillion in 2018 to Rp 1.45 trillion in before income tax.
Current Year Profit of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Profit Before Income Tax (768,795,041) (27.23) 2,054,266,628 2,823,061,669 1,893,003,530
Final Tax Expense (18,396,229) (14.36) 109,731,383 128,127,612 103,506,155
Corporate Income Tax (196,707,819) (28.55) 492,308,079 689,015,898 369,144,323

Expense, Net
Current Year Profit (553,690,966) (27.60) 1,452,227,166 2,005,918,159 1,420,353,052
CURRENT YEAR ATTRIBUTABLE PROFIT

Current year profit attributable to owners of attributable to non-controlling interests increased
the parent entity decreased by Rp 555.7 billion by Rp 1.97 billion or 178.8%, from Rp 1.10 billion
or 27.69%, from Rp 2.00 trillion in 2018 to Rp (loss) in 2018 to Rp 867.18 million (profit) in 2019.
1,451 trillion in 2019. Further, current year profit
Current Year Attributable Profit of PT Angkasa Pura I (Persero) in the Last Three Years
Growth in 2019
(Rp) %
Current year profit (555,658,337) (27.69) 1,451,359,978 2,007,018,315 1,418,577,150

attributable to Owners of
Parent Entity
Current year profit 1,967,344 178.82 867,188 (1,100,156) 1,775,902

attributable to Non-
Controlling Interest
Total (553,690,993) (27.60) 1,452,227,166 2,005,918,159 1,420,353,052
OTHER COMPREHENSIVE INCOME (LOSS) IN CURRENT YEAR AFTER TAXES

Other comprehensive income (loss) in current year after taxes decreased by Rp 407.3 million or 0.57%, from Rp
71.10 billion (loss) in 2018 to Rp 70.6 billion in 2019.

Other Comprehensive Income (Loss) of PT Angkasa Pura I (Persero) in the Last Three Years
Growth in 2019
(Rp) %
Items that will be reclassified to profit or loss
Change in Fair Value of 15,063,368 (543.82) 12,293,462 (2,769,906) 18,377,017

Available Financial Assets for
Sale
Items that will not be reclassified to profit or loss
Comprehensive Loss of (914,867) (58.98) (2,466,064) (1,551,197) (2,261,085)

Associated Entities
Actuarial Profit (loss) for (13,741,196) (20.58) (80,524,121) (66,782,925) 110,823,515

Employee Benefits
Other Comprehensive 407,305 (0.57) (70,696,723) (71,104,028) 126,939,447

Income (Loss) in Current
Year After Taxes
CURRENT YEAR ATTRIBUTABLE

COMPREHENSIVE INCOME
Total current year attributable comprehensive income line with the decline in current year comprehensive
decreased by Rp 553.3 billion or 28.6%, from Rp 1,934 income.
billion in 2018 to Rp 1,381 billion in 2019. This was in
Current Year Attributable Comprehensive Income of PT Angkasa Pura I (Persero) in the Last Three Years
Growth in 2019
(Rp) %
Non-Controlling Interest 1,957,139 (177.90) 856,983 (1,100,156) 1,775,902
Current Year Attributable (553,283,688) (28.60) 1,381,530,443 1,934,814,131 1,547,292,499

Comprehensive Income
(Loss)
BASIC EARNINGS PER SHARE

Total basic earnings per share decreased by Rp 86,627 2019. The decrease was in line with the decline in
or 27.69%, from Rp 312,892 in 2018 to Rp 226,265 in current year earnings.
Basic Earnings Per Share of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Basic earnings per share (86,627) (27.69) 226,265 312,892 221,155

DILUTED EARNINGS PER SHARE

Total diluted earnings per share decreased by Rp in 2019. This decline was in line with the decline in
78,197 or 25.75%, from Rp 303,655 in 2018 to Rp 225,458 current year earnings.
Diluted Earnings Per Share of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Diluted Earnings Per Share (78,197) (25.75) 225,458 303,655 212,696
Consolidated Cash Flow Statement

The total cash flow of PT Angkasa Pura I (Persero) shows that the company’s finances are in good order
grew in a positive vein by Rp 2,362 billion in 2019. This to support business continuity in the future.
Consolidated Cash Flow Statement of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Cash Flow from Operating (1,479,188,732) (48.84%) 1,549,272,091 3,028,460,823.00 1,479,077,570

Activities
Cash Flow from Investment (3,943,521,521) 67.38% (9,795,788,494) (5,852,266,973.00) (1,712,940,714)

Activities
Cash Flow from Funding 8,808,740,124 496.81% 10,581,807,080 1,773,066,956.00 (481,794,326)

Activities
Net Impact of Changes in (27,267,913) (50.71%) 26,499,115 53,767,028.00 (34,471,560)

Exchange Rates on Cash and
Cash Equivalents
Decreasing Net Cash and 3,358,761,958 336.90% 2,361,789,792 (996,972,166.00) (750,129,030)

Cash Equivalents
Early Year Cash and Cash (996,972,166) (24.05%) 3,149,113,800 4,146,085,966.00 4,896,214,996
Equivalents
Year-End Cash and Cash 2,361,789,792 75.00% 5,510,903,592 3,149,113,800.00 4,146,085,966

Equivalents
CASH FLOW FROM OPERATING ACTIVITIES

Net cash obtained from operating activities in 2019 mainly due to an increase in payments to suppliers
was Rp 1,549 billion, decreased by 48.8% or Rp1,479 amounting to Rp 852 billion, followed by interest
billion compared to Rp 3,028 billion in 2018. This was payments amounting to Rp 611 billion.

Cash Flow From Operating Activities of PT Angkasa Pura I (Persero) in the Last Three Years
Growth in 2019
(Rp) %
Receipts from customers 107,911,909 1.29 8,492,447,622 8,384,535,713 7,651,927,102
Cash payments to Suppliers, (852,097,043) (19.60) (5,199,390,450) (4,347,293,407) (4,559,452,804)

Contractors, Other Third
Parties and Employees
Payment of interest expense (610,784,435) 232.62 (873,352,965) (262,568,530) (334,861,609)
Interest Income 29,477,412 17.46 198,326,544 168,849,132 160,711,289
Tax Payment (153,696,575) 16.80 (1,068,758,660) (915,062,085) (1,439,246,408)
Net Cash Obtained From (1,479,188,732) (48.84) 1,549,272,091 3,028,460,823 1,479,077,570

Operating Activities
CASH FLOW FOR INVESTMENT ACTIVITIES

PT Angkasa Pura I (Persero) recorded net cash used compared to Rp 5.85 trillion in 2018. This was in line
for investment activities in 2019 amounting to Rp with the addition of investment in the company both
9,795 billion, an increase of 67.38% or Rp 3,943 billion in airport development and financial investment.
Cash Flow For Investment Activities of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Expenditure for Short-Term (116,754,725) (164.44) (187,755,531) (71,000,806) (15,817,801)

Investments
Expenditure for Long-Term 1,374,911 (10.29%) (11,986,194) (13,361,105) (105,045,372)

Investments
Addition of Fixed Assets (3,828,141,707) (66.37) (9,596,046,769) (5,767,905,062) (1,586,664,397)
Addition of Other Assets - - - - (5,413,144)
Net Cash Used for (3,943,521,521) (67.38) (9,795,788,494) (5,852,266,973) (1,712,940,714)

Investment Activities
CASH FLOW FROM FUNDING ACTIVITIES

Net cash obtained from funding activities in 2019 disbursement of loans for airport management of Rp
amounted to Rp 10.6 trillion, or increased compared 11 trillion.
to Rp 1.77 trillion in 2018. This was due to the

Cash Flow From Funding Activities of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Growth in 2019
(Rp) %
Long-Term Loan Receipt 9,041,099,482 329.13% 11,788,080,717 2,746,981,235 -
Payment for Long-Term (54,461,146) (7.89%) (744,659,425) (690,198,279) (341,794,326)

Loan
Dividend Payment (177,898,212) (62.70%) (461,614,212) (283,716,000) (140,000,000)
Net Cash Obtained (Used) 8,808,740,124 496.81% 10,581,807,080 1,773,066,956 (481,794,326)

From Funding Activities
Soundness Level of PT Angkasa Pura I

(Persero)
PT Angkasa Pura I (Persero)’s level of soundness in in the GMS on Company Work Plan & Budget,
2019 fell into the classification of “AA” or healthy with comprising Customer Satisfaction Index (CSI)
a score of 90.50. One main factors for this result was targets, service level at terminals, and facilities
achievement of a profitability level that was above the development and investment. The operational
target. The realization of the Company’s performance performance score was 33.50 in 2019.
was measured or assessed from the 3 (three) aspects 3. Administrative Performance
as follows: The company received an administrative
1. Financial Performance performance score of 14.00 in 2019, which
The company’s financial performance received a included accuracy of annual calculations report,
score of 43 in 2019. budget preparation, periodic reports and PKBL
2. Operational Performance performance.
Operational performance was assessed based on
the Decree of Director General of Civil Aviation The calculation of soundness level of PT Angkasa Pura
No. SKEP/284/X/1999 and several targets decided I (Persero) in 2019 is described in the table as follows.
Level of Soundness of PT Angkasa Pura I (Persero) in 2019
2019 Value 2019 Score

No Indicator Weight Unit
RKAP Realization RKAP Realization
A. FINANCIAL ASPECT
1 Return on Equity (ROE) of 15 % 39.71 57.77 15.00 15.00

shareholders
2 Return on Investment (ROI) 10 % 11.89 12.37 6.00 7.00
3 Cash Ratio 3 % 92.31 99.93 3.00 3.00
4 Current Ratio 4 % 144.25 132.52 3.00 3.00
5 Collection Period 4 Days 26 22 4.00 4.00
6 Inventory Turnover 4 Days 4 3 4.00 4.00
7 Total Asset Turnover 4 % 29.44 28.46 1.00 1.00

Level of Soundness of PT Angkasa Pura I (Persero) in 2019
2019 Value 2019 Score

No Indicator Weight Unit
CWP&B Realization CWP&B Realization
8 Own Equity Ratio 6 % 38.01 37.35 6.00 6.00
TOTAL 50 42.00 43.00
B. OPERATIONAL ASPECT
1 Customer Satisfaction Index 15 Likert 4.37 4.48 15.00 15.00

(CSI) Scale (1-5)
2 Service Level
a. Security Check in Terminal
i Normal Condition 2.5 % 3.00 0.58 2.50 2.50
ii Special Condition 2.5 % 8.00 2.31 2.50 2.50
b. Public Facility
1) Toilet Cleanliness
DPS, SUB, UPG, BPN 1.5 Stars 4 3 1.50 1.20

Airports
MDC, JOG, SOC, SRG, 1.0 Stars 3 2 1.00 0.80

LOP, KOE, AMQ, BIK,
BDJ Airports
2) Room Coolness Level 2,5 % 95.00 98.00 2.50 2.50
3 Facility Development and Investment
a. Achievement Rate of 5 % 100.00 78.30 5.00 4.00

Absorptive Capacit of the
Program
b. Physical achievement of 5 % 75.00 77.88 5.00 5.00

investment
JUMLAH 35 35.00 33.50
B. ADMINISTRATIVE ASPECT
1 Annual Calculation 3 Period 15/02/2019 29/03/2019 3.00 3.00

Statement
2 Design of RKAP 2020 3 Period 31/10/2019 30/10/2019 3.00 3.00
3 Periodic Statement 3 Period Maks Tgl 31 Maks Tgl 31 3.00 3.00
4 Performance of PUKK
Effectiveness of fund 3 % 98.36 97.70 3.00 3.00

disbursement
Collectibility level of 3 % 80.00 59.75 3.00 3.00

distribution
Total 15 15.00 14.00
TOTAL A+B+C 100 92.00 90.50
SCORE LEVEL OF SOUNDNESS Healthy (AA)
TARGET LEVEL OF SOUNDNESS Healthy (AA)

Financial Ratio
In general, PT Angkasa Pura I had a good financial of 99% in 2019, far better than liquidity in 2018.
ratios throughout 2019 despite some decreases However, the Company needs to be aware of
in financial ratios. The company can mantain rising debt ratios, both to assets and to equity,
the ratio of profit to assets in the range of 68%, which was mainly caused by the use of third
which was slightly better than the previous year. party funds for investment conducted by the
Further, liquidity was good with a current ratio company in the reporting period.
Financial Ratio of PT Angkasa Pura I (Persero) in the Last Three Years
Description Growth in 2019 2019 2018 2017
RENTABILITY
Operating Profit Ratio (3.02%) 31.57% 34.23% 27.45%
Profit to Assets (2.95%) 3.39% 6.35% 5.74%
Operating Ratio 1.45% 68.71% 67.63% 71.94%
LIQUIDITY
Current Ratio 65.34% 132.52% 67.18% 106.68%
Cash Ratio 52.30% 99.93% 47.63% 138.17%
SOLVENCY
Debt to Assets Ratio 10.27% 62.65% 52.38% 47.11%
Debt to Equity Ratio 57.75% 167.74% 109.99% 86.93%
Debt to Fixed Assets Ratio 15.20% 78.55% 63.34% 62.54%

Ability to Pay Debt

and Collectability of Receivables
Ability to Pay Short-Term Debt
Based on the measurement result, the The current ratio for 2019 increased by 97.26%
Company’s ability in paying short-term debt is compared to 2018. Meanwhile, the cash ratio in
very good, meaning that the Company can pay 2019 increased by 109.80% compared to 2018.
its current liabilities. The development of the The increase in liquidity ratio was due to the
Company’s liquidity condition during 2018 until disbursement of loans f rom banks.
2019 has increased both current ratio and cash
ratio.
Liquidity of PT Angkasa Pura I (Persero) in the Last Three Years
Cash Ratio 52.30 99.93 47.63 106,68
Current Ratio 65.34 132.52 67,18 138.17
Ability to Pay Long-Term Debt

Based on the measurement of the solvency ratio, assets owned, both in terms of fixed assets and the
the Company’s ability to pay all its debts in 2019 entire assets of the Company. Furthermore, the
was maintained within safe limits. The debt to debt to equity ratio increased by 52.50% in 2019,
assets ratio in 2019 increased by 19.61%, while the which was due to the disbursement of loans from
debt to fixed assets ratio grew by 24% for the year. banks.
Although the ratios have gone up, overall the
Company was able to fulfill its obligations with the
Solvency of PT Angkasa Pura I (Persero) in the Last Three Years
Debt to Assets Ratio 10.27 62.65 52.38 47.11
Debt to Equity Ratio 57.75 167.74 109.99 86.93
Debt to Fixed Assets Ratio 15.20 78.54 63.34 62.54
ABILITY TO PAY DEBT FROM ISSUED SECURITIES

The Bond I Angkasa Pura I is currently rated ratings indicate the possibility of timely payment
“AAA” while Sukuk Ijarah is rated “AAAsy” by PT of the principal amount and interest/ installments
Pemeringkat Efek Indonesia (PEFINDO). These of the benefit.

Ratings of Securities Issued by PT Angkasa Pura I (Persero) in the Last Three Years
Rating
Description
2019 2018 2017
Bond I Angkasa Pura AAA by Pefindo AAA by Pefindo AAA by Pefindo
Sukuk Ijarah AAAsy by Pefindo AAAsy by Pefindo AAAsy by Pefindo
COLLECTABILITY OF PAYABLE
The measurement result of the Company’s 2019 was 20 days, 1 day faster than the collectibility
collectibility rate indicated an increase compared of 2018 which was 21 days.
to the previous year. The collectibility of payable in
Collectability of Payable of PT Angkasa Pura I (Persero) in the Last Three Years
Collectability of Payable 5 20 days 21 days 26 days
Capital Structure
Management Policy and Basis of Details of Capital Structure

Management Policy Selection on Capital The capital structure in 2019 owned by the
Structure Company was 62.65% derived from liabilities and
The management policy on capital structure of 37.35% in the form of equity. This composition
PT Angkasa Pura I (Persero) has been strongly changed compared with 2018 which had relatively
influenced by the airport development strategy balanced equity and liability percentages of 47.62%
that is currently being implemented on a massive and 52.38% respectively. The increase in liabilities
scale. Total liabilities of the Company is greater was due to the disbursement of loans by banks.
than total equity, with total liabilities amounting
to Rp 20.62 trillion, while total equity amounts
to Rp 15.98 trillion. This capital structure where
liabilities are greater than equity is closely linked to
the policy of investing in the development of new
airports in Yogyakarta, Semarang, Makassar and
Banjarmasin.
Capital Structure of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Total Capital Percentage of Total Capital

Description
2019 2018 2017 2019 2018 2017
Current Liabilities 6,180,788,551 7,614,989,550 3,948,861,194 8.88% 24.09% 15.97%
Non-Current Liabilities 20,625,254,701 8,941,701,402 7,382,318,542 29.64% 28.29% 29.85%
Total Liabilities 26,806,043,252 16,556,690,952 11,331,179,736 38.52% 52.38% 45.81%
Equity 15,980,507,847 15,052,224,669 13,401,461,042 22.96% 47.62% 54.19%
Total Liabilities and Equity 42,786,551,099 31,608,915,621 24,732,640,778 100.00% 100.00% 100.00%

Material Commitment Related to Investment of Capital Goods
Name of Parties to Commitment

As of December 31, 2019, PT Angkasa Pura I facilities at airports. The following table presents
(Persero) was committed to investing in capital data on the company’s commitment for procuring
goods, with the main objective of developing capital goods.
and improving the quality of infrastructure and
Head Office Capital Goods Investment Commitments of PT Angkasa Pura I (Persero) in 2019
Type of Commitment Vendor/ Executor of Program
SERVICE
Replacement of 4 Garbarata Units at the Domestic Terminal PT Bukaka Teknik Utama
Addition of BHS Pathway at the Check In Promenade PT Jalin Mitra Dyanda
Procurement and Installation of Video Wall FIDS PT INALIX
PBX Integration Within Angkasa Pura I (Persero) PT DATASCRIP
Procurement of Business Intelligence PT CYBERTREND INTRABUANA
Procurement of Waiting Chairs for Terminal 1 Juanda Airport Surabaya CV Putra Wijaya
Procurement and Installation of LED Lights to Increase Lighting in PT Angkasa Pura Suport
Terminal Buildings
Canopy Expansion at Cargo Terminal PT Cipta Agora Lestari
Procurement and Installation of Floor Standing AC and Air Curtain in PT Nusa Teknik Cemerlang
Terminal Building of Sultan Hasanuddin Airport in Makassar
Procurement and Installation of Chillers PT Rasindo Tata Laksana
Procurement And Installation Of 6 Kv 500 KVA Transformers In Pumping PT Deqha Elcomindo

Substations
Procurement of Interactive Information Media Devices PT Dirgantara Engineering
Procurement of 4 (four) Conveyor Scales PT Hexa Engineering Indonesia
Value of Material Commitments in Capital

Goods Investment
The realization of the Company’s commitment to mitigate against foreign currency risks. Sources
towards capital goods investment in 2019 was of funds used to fulfill the material commitments
285 programs or 78.30%, with a contract value of are derived from internal and external funding
Rp 12.3 trillion and physical absorption of 77.88%. consisting of the issuance of bonds and or sukuk
All transactions were denominated in Rupiah, ijarah and loans of financial and or non-financial
therefore no measures were taken by the company institutions.

Head Office Capital Goods Investment Commitments of PT Angkasa Pura I (Persero) in 2019 (Rp)
Contract Value of
Type and Objective of Investment Physical Realization Physical Absorption
Current Period
Operational 2,116,112,908,262 1,385,987,066,217 65.50%
Development 10,185,513,329,819 8,194,764,597,522 80.46%
Total Investment 12,301,626,238,081 9,580,751,663,739 77.88%
Realization of Investment of Capital Goods
Type and Value of Investment of Capital compared to Rp 8.50 trillion in 2018. Data on the
Goods value of capital goods investment is described in
Realization of capital goods investment in the form the following table:
of fixed assets in 2019 was Rp 9.15 trillion, increased
Capital Goods Investment Realization of PT Angkasa Pura I (Persero) in 2017 – 2019 (in thousand Rupiah)
Type of Fixed Assets Investment Objective 2019 2018 2017
Land Airport Development 1,254,174 5,026,156,603 4,221,802
Structures (Fields) Airport Development 1,191,554,817 1,501,065,071 315,432,827
Buildings Airport Development 837,729,463 1,024,009,577 137,073,504
Vehicle Airport Development 74,790,042 37,809,499 89,053,306
Installation Airport Development 181,940,444 176,960,843 50,000,356
Equipment Airport Development 912,182,820 731,082,952 423,782,276
Assets Under Construction Airport Development 5,985,239,136 - 2,513,265,120
Total 9,148,690,896 8,497,084,545 3,532,829,191
Material Information on Investment,

Expansion, Divestment, Acquisition, Or
Debt and Capital Restructuring
PT Angkasa Pura I (Persero) conducted Investment
investment and expansion activities throughout The Company made short-term and long-term
2019, but did not carry out divestment, merger & investments in various financial instruments, such
acquisition, debt/capital restructuring and Affiliate as term deposit, mutual fund, bond and equity
transactions. participation.
The following table shows data on investments

made by PT Angkasa Pura I (Persero).

Investments of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Short-Term Investment
Term Deposit > 3 Months 264,839,700 - 10,200,000
Bonds – available for sale 22,790,392 19,156,044 19,178,167
Mutual Fund 378,232,220 458,950,737 377,777,808
Total Short-Term Investment 665,862,312 478,106,781 407,155,975
Long-Term Investment
Bonds 25,347,300 13,361,105 45,682,461
Capital Participation in Associated Entities 84,471,885 87,301,207 86,300,400
Joint Operation - - 341,938
Total Long-Term Investment 109,819,185 100,662,312 86,642,338
Expansion
In 2019, PT Angkasa Pura I (Persero) continued its 2. In accordance with the Decree of the Board
policy and expansion activity in the previous year of Directors No. KEP.107/OM.01.01/2014 dated
which included the development programs of August 26, 2014, the organization and Working
three airports, namely Syamsudin Noor Airport Procedure of Development Project of Ahmad
– Banjarmasin, Ahmad Yani Airport – Semarang, Yani Airport – Semarang has been established.
and Yogyakarta New Airport. In the framework 3. In accordance with the Decree of the Board
of developing the aforementioned airports, the of Directors No. KEP.182/OM.01.01/2014 dated
Board of Directors issued a decree to establish December 30, 2014 concerning amendment
organization and working procedures, as follows: to the Decree of the Board of Directors No.
1. In accordance with the Decree of the Board KEP.108/OM.01.01/2014 dated August 26, 2014,
of Directors No. KEP.176/OM.01.01/2014 dated the organization and Working Procedures
December 15, 2014, the organization and of Development Project of Yogyakarta
Working Procedures of Development Project International Airport have been established.
of Syamsudin Noor Airport - Banjarmasin have
been established.

Achievement of Targets
and Future Targets
Target Achievement in 2019
PT Angkasa Pura I (Persero) through all directorates 2019. Details of the performance of PT Angkasa
and non-directorates has realized part of the work Pura I (Persero) in 2019 can be seen from the
programs that have been planned in the RKAP achievement of the targets set as follows:
Performance Target Achievement of Aeronautical Services in 2019
Realization
Description
Realization
Unit RKAP 2019 Achievement
2019
1 2 3 4 5=3/4
Aircraft Landing, Parking and Hangar Services Ton 25,016,634 31,839,658 78.57%
(PJP4U)
Domestic PJP4U Ton 18,204,152 24,940,251 72.99%
International PJP4U Ton 6,812,482 6,899,407 98.74%
Extended Fee Service Day 6,680 7,861 84.98%
Domestic Extended Fee Service Day 6,247 6,759 92.43%
International Extended Fee Service Day 433 1,102 39.29%
Passenger Service Charge (PJP2U) Hr 35,755,591 49,936,301 71.60%
Domestic PJP2U Hr 26,938,294 40,770,491 66.07%
International PJP2U Hr 8,817,297 9,165,810 96.20%
Aviobridge Ton 28,302,004 35,778,657 79.10%
Domestic Avio Bridge Ton 17,488,015 24,846,097 70.39%
International Avio Bridge Ton 10,813,989 10,932,560 98.92%
Counter Pax 35,640,003 49,842,910 71.50%
Domestic Counter Pax 26,933,352 40,775,927 66.05%
International Counter Pax 8,706,651 9,066,983 96.03%
BHS/HBS Pax 528 -
Domestic BHS/HBS Pax - -
International BHS/HBS Pax 528 -
Aircraft Cargo and Postal Services (PJKP2U) Kg 327,143,126 479,890,611 68.17%
Out Domestic PJKP2U Kg 103,919,716 182,140,379 57.05%
Out Internasional PJKP2U Kg 52,948,163 56,844,654 93.15%
Inc Domestic PJKP2U Kg 137,428,748 210,759,041 65.21%
Inc Internasional PJKP2U Kg 32,846,499 30,146,536 108.96%

Performance Target Achievements of Non-Aeronautical Services in 2019
Realization
Description Unit RKAP 2019 Achievement
2019
1 2 3 4 5=3/4
Rents m2xmonth 9,488,436 13,184,118 71.97%
Space Rent m2xmonth 1,209,458 2,210,713 54.71%
Land Rent m2xmonth 6,701,936 9,390,884 71.37%
Place Rent m2xmonth 3,077 11,659 26.39%
Antenna Space Rent m2xmonth 19,694 20,270 97.16%
Cold Storage Rent m2xmonth 3,624 -
Building Rent m2xmonth - - -
Submission of Land Use m2xmonth 1,550,646 1,550,592 100.00%
Submission of Building Use m2xmonth - -
Concession 26,023,806,416 26,533,268,692 98.08%
Concession – Duty Free Rp/000 1,826,896,224 2,361,628,973 77.36%
Concession – Food dan Beverages Rp/000 1,277,306,807 1,538,202,291 83.04%
Concession – Retail Rp/000 1,278,218,151 1,509,888,608 84.66%
Concession – Services Rp/000 2,615,652,329 1,721,079,239 151.98%
Concession – Ground Handling Rp/000 804,623,267 836,750,293 96.16%
Concession – Catering Rp/000 506,914,461 533,818,037 94.96%
Concession – FTC Ltr 15,955,737,172 16,527,262,086 96.54%
Concession – CIP Lounge Rp/000 290,204,908 353,643,880 82.06%
Concession – Cargo Rp/000 176,097,848 247,740,242 71.08%
Concession – Others Rp/000 124,530,657 9,550,544 1303.91%
Concession – GAT Rp/000 20,676,721 13,464,280 153.57%
Concession – Line Maintenance Rp/000 670,176,732 679,110,677 98.68%
Concession – Advertising Rp/000 476,771,137 201,129,543 237.05%
38,770,772 51,102,910 75.87%
Car Parking Lbr 28,264,917 38,496,987 73.42%
Motorcycle Parking Lbr 10,455,258 12,470,631 83.84%
Platform and Waving Gallery Lbr - -
Airport Pass Lbr 50,597 135,291 37.40%

Performance Target Achievements of Non-Aeronautical Services in 2019
Realization
Description Unit RKAP 2019 Achievement
2019
1 2 3 4 5=3/4
Utilities 44,453,629 42,157,307 105.45%
Electricity Usage Kwh 43,807,615 41,542,959 105.45%
Water Usage m3 626,363 593,666 105.51%
Telephone Usage PwtxMonth 18,423 19,662 93.70%
Data Service EA 1,228 1,020 120.39%
Billboard 76,674 54,808 139.89%
Indoor Billboard Space Rental M2xMonth 59,388 29,157 203.68%
Outdoor Billboard Space Rental M2xMonth 17,286 25,651 67.39%
Event dan Promotion 9,971 1,610 619.29%
Event dan Promotion EA 9,971 1,610 619.29%
Lounge 197,788 345,084 57.32%
Domestic CIP Lounge Pax 197,788 345,084 57.32%
International CIP Lounge Pax - - -
Domestic Executive Lounge Pax - - -
International Executive Lounge Pax - - -
Cargo Warehouse Service 91,179,716 132,361,426 68.89%
Out-Domestic Cargo Warehouse Service Kg 14,964,611 9,669,174 154.77%
Out-International Cargo Warehouse Service Kg 18,831,844 29,132,477 64.64%
Inc-Domestic Cargo Warehouse Service Kg 22,089,108 17,195,362 128.46%
Inc-International Cargo Warehouse Service Kg 35,294,152 76,364,413 46.22%
Maintenance dan Services Fee 5,474 675 810.96%
Maintenance dan Services Fee EA 5,474 675 810.96%
Financial Performance Target Achievement of PT Angkasa Pura I in 2019 (in thousand Rupiah)
Description Realization 2019 RKAP 2019 Achievement
Asset 42,808,050,310 44,263,727,962 96.71%
Current Asset 8,223,547,402 4,804,994,138 171.15%
Non-Current Asset 34,584,502,908 39,458,733,824 87.65%
Liabilities 26,827,542,463 27,437,353,468 97.78%
Current Liabilities 6,201,838,709 3,330,903,507 186.19%
Non-Current Liabilities 20,625,703,754 24,106,449,961 85.56%

Financial Performance Target Achievement of PT Angkasa Pura I in 2019 (in thousand Rupiah)
Description Realization 2019 RKAP 2019 Achievement
Equity 15,980,507,847 16,826,374,491 94.97%
Operating Income 8,629,003 9,997,621 86.31%
Operating Expenses 5,962,330 6,885,900 86.59%
Operating Profit 2,666,673 3,111,721 85.70%
Non-Operating Income 307,898 162,797 189.13%
Non-Operating Expenses 942,835 635,956 148.25%
Non-Operating Profit (634,937) (473,159) 134.19%
Profit Before Tax 2,031,736 2,638,562 77.00%
Current and Deferred Tax Expense (580,376) (627,360) 92.51%
Current Year Net Profit 1,451,360 2,011,202 72.16%
Projection 2020
In accordance with the Letter of the Minister macro conditions was the company’s foundation
of State-Owned Enterprises Number: S-574/ in establishing microeconomic assumptions in the
MBU/08/2019 dated August 30, 2019 concerning context of the Company’s business activities, such
Aspiration of Shareholders/Capital Owners for the as PJP4U, PHJP2U and other economic factors.
Preparation of Company Work Plan and Budget
2020, PT Angkasa Pura I (Persero) has prepared a Regarding the dividend policy projection, PT
projection of the Company’s performance in 2020 Angkasa Pura I (Persero) follows the policy of
with reference to the basic assumptions in the the Ministry of SOEs as the main and controlling
Preparation of State Budget. Further, analysis of shareholder.
Macroeconomic Assumptions for Preparation of State Budget (APBN) 2020
Economic Growth 5.3%
Inflation Rate 3.1%
Currency Exchange Rate Rp14,400/USD
Interest Rate of Treasury Bills (SPN) 5.4%
Microeconomic Assumptions
Increased Traffic Aircraft, Passengers and Cargo
Increase in Rate PJP4U, PJP2U and Counter
Improvement of Production Equipment Aviobridge, BHS/HBS
Changes in the Pattern of Cooperation Billboard Rental and CIP Lounge Management

Projected Performance of Aeronautical Services 2020 of PT Angkasa Pura I (Persero)
Description Unit Projection for 2020
1 2 3
Aircraft Landing, Parking and Hangar Services (PJP4U) Ton 29,492,410
Domestic PJP4U Ton 22,036,455
International PJP4U Ton 7,455,955
Extendeed and Advance Pax 6,546
Domestic Extended Fee Service Pax 5,883
International Extended Fee Service Pax 663
Passenger Service Charge (PJP2U) Hr 42,978,920
Domestic PJP2U Hr 33,320,374
International PJP2U Hr 9,658,546
Aviobridge Ton 33,900,693
Domestic Avio Bridge Ton 21,971,443
International Avio Bridge Ton 11,929,250
Counter Pax 42,712,588
Domestic Counter Pax 33,159,860
International Counter Pax 9,552,728
BHS/HBS Pax -
Domestic BHS/HBS Pax -
International BHS/HBS Pax -
Aircraft Cargo and Postal Services (PJKP2U) Kg 476,426,873
Out Domestic PJKP2U Kg 205,331,772
Out Internasional PJKP2U Kg 55,887,400
Inc Domestic PJKP2U Kg 177,959,766
Inc Internasional PJKP2U Kg 37,247,935

Projected Performance of Non-Aeronautical Services 2020 of PT Angkasa Pura I (Persero)
Description Unit Projection 2020
1 2 3
Rents m xmonth
2
11,512,048
Space Rent m2xmonth 1,589,651
Land Rent m2xmonth 8,341,701
Place Rent m2xmonth 8,628
Antenna Space Rent m2xmonth 21,477
Cold Storage Rent m2xmonth -
Building Rent m2xmonth -
Submission of Land Use m2xmonth 1,550,592
Submission of Building Use m2xmonth -
Concession 27,533,014,015
Concession – Duty Free Rp/000 1,906,988,455
Concession – Food dan Beverages Rp/000 1,609,865,445
Concession – Retail Rp/000 1,491,488,330
Concession – Services Rp/000 2,766,225,633
Concession – Ground Handling Rp/000 821,583,960
Concession – Catering Rp/000 530,944,687
Concession – FTC Ltr 16,923,814,365
Concession – CIP Lounge Rp/000 325,060,323
Concession – Cargo Rp/000 301,129,488
Concession – Others Rp/000 29,196,365
Concession – GAT Rp/000 16,191,079
Concession – Line Maintenance Rp/000 681,118,465
Concession – Advertising Rp/000 129,407,421
47,682,482
Car Parking Ticket 35,372,808
Motorcycle Parking Ticket 12,265,572
Platform and Waving Gallery Ticket 902
Airport Pass Ticket 43,200
42,859,013

Projected Performance of Non-Aeronautical Services 2020 of PT Angkasa Pura I (Persero)
Description Unit Projection 2020
1 2 3
Electricity Usage Kwh 42,259,856
Water Usage m3 581,324
Phone Usage Pwtxmonth 16,117
Data Services EA 1,716
Advertising 74,183
Indoor Billboard Space Rent M2xmonth 37,217
Outdoor Billboard Space Rent M2xmonth 36,966
Event dan Promotion 1180
Event dan Promotion EA 1180
Lounge -
Domestic CIP Lounge Pax -
International CIP Lounge Pax -
Domestic Executive Lounge Pax -
International Executive Lounge Pax -
Warehousing 59,745,481
Out-Domestic Cargo Warehouse Service Kg 12,958,733
Out-International Cargo Warehouse Service Kg 2,518,186
Inc-Domestic Cargo Warehouse Service Kg 15,916,949
Inc-International Cargo Warehouse Service Kg 28,351,613
Maintenance dan Services Fee 730
Maintenance dan Services Fee EA 730
Projected Financial Performance of PT Angkasa Pura I (Persero) in 2020
Description Projection 2020
Asset 46,456,792,223
Current Asset 5,404,722,599
Non-Current Asset 41,052,069,624
Liabilities 30,618,759,030
Current Liabilities 5,196,201,230
Non-Current Liabilities 25,422,557,801

Projected Financial Performance of PT Angkasa Pura I (Persero) in 2020
Description Projection 2020
Equity 15,838,033,193
Operating Income 11,329,354,597
Operating Expenses 7,886,967,855
Operating Profit 3,442,386,742
Non-Operating Income 162,143,115
Non-Operating Expenses 1,615,940,818
Non-Operating Profit (1,453,797,703)
Profit Before Estimated Income Tax 1,988,589,039
Income Tax 582,126,990
Current Year Net Profit 1,406,462,049
Material Information and Facts After Date of Accounting

Statements
In the period after the accounting statements report date or February 28, 2020, information and material
facts that occur are as follows:
Impact on
No Description Business Impact on Business Risk
Performance
1 On March 13, 2020, the change of the Directors of PT Angkasa The changes to Changes in the Board of
Pura I (Persero) was determined based on the Decree of the Directors and Directors aim to face the
the Minister of State-Owned Enterprises (BUMN) No. SK-74 nomenclature business risk of PT Angkasa
/ MBU / 03/2020 Regarding Dismissal, Changes to Position aim to support Pura I (Persero) in meeting
Nomenclature, and Appointment of Members of the Board the operational, the 2020 investment
of Directors of the Company (Persero) PT Angkasa Pura I. legal, financial target under applicable
condition, regulations. For this reason,
The Directors inaugurated concerning the dismissal based and business the nomenclature of the
on the Minister of SOE Decree referred to are as follows: continuity of PT new Directors’ positions,
• Sardjono Jhony Tjitrokusumo as Director of Business Angkasa Pura I namely the Director of
Development (Persero). Compliance, Assets, and
• Novrihandri as Finance Director Procurement, to ensure that
operational, financial, and
This SOE Ministerial Decree has also appointed the following legal activities are carried
new Directors: out following applicable laws
• Dendi Tegar Danianto as Director of Business and regulations.
Development
• Andy Saleh Bratamihardja as Finance Director
• Israwadi as Director of Compliance, Assets, and
Procurement

Dampak Dampak Terhadap Resiko

No Deskripsi
Terhadap Kinerja Usaha
2 On March 20, 2020, the amendment to the Board of The amendments Changes in the members of
Commissioners and the establishment of the Independent to the members the Board of Commissioners
Commissioner of PT Angkasa Pura I (Persero) were of the Board of and the appointment
determined based on the Minister of SOE Decree No. SK-85 Commissioners of Independent
/ MBU / 03/2020 concerning Dismissal and Appointment and the Commissioners have a
of Members of the Board of Commissioners, as well as Independent positive impact on business
the Determination of the Independent Commissioner of Commissioners’ risk.
the Company (Persero) of PT Angkasa Pura I. Members determination
of the Board of Commissioners who are confirmed with are aimed at
respectable dismissal based on the Ministerial Decree are as supporting the
follows; operational
• Harry Z. Soeratin as Commissioner performance,
• Suprasetyo as Commissioner legal, financial
• Ali Mochtar Ngabalin as Commissioner condition,
and business
The SOE Ministerial Decree also stipulates the appointment continuity of PT
of members of the Board of Commissioners as follows: Angkasa Pura I
• Wempi Saputra as a Commissioner (Persero).
• Danang Parikesit as Commissioner
• Wihana Kirana Jaya as Commissioner
• Erwan Agus Purwanto as Commissioner
• Irfan Wahid as Independent Commissioner
The SOE Ministerial Decree also stipulates Tri Budi Satriyo as

Independent Commissioner.
3 On April 8, 2020, PT Angkasa Pura I Decree No. KEP.02 / The changes Changes in the Audit
DK.AP / I / 2020 was signed on the Dismissal, Task Transfer, to the Audit Committee have a positive
and Appointment of the Chair and Deputy Chairperson of Committee impact on business risk.
the Audit Committee of PT Angkasa Pura I ( Persero). are aimed at
supporting the
The decision of the Board of Commissioners stipulated the operational,
dismissal with respect Harry Z. Soeratin as Chairman of the legal, financial
Audit Committee and transferred the duties of Mr. Djoko condition
Sasono became Deputy Chairman I of the audit committee. and business
continuity of PT
The Board of Commissioners’ decision also stipulates the Angkasa Pura I
appointment of the Audit Committee members as follows: (Persero).
• Erwan Agus Purwanti as Chairman of the Audit
Committee
• Wempi Saputra as Vice Chair II of the Audit Committee

Policies, Announcement and Payment of Dividens
Dividend Policy Announcement and Payment of Dividend

PT Angkasa Pura I (Persero) routinely pays For Financial Year 2018, PT Angkasa Pura I (Persero)
dividends annually based on the resolution of the paid out dividends amounting to Rp 461,614 million
General Meeting of Shareholders (GMS). Payment with Dividend Payout Ratio of 23%. The dividends
of dividends shall be done no later than 1 (one) were paid out in full during the months of June,
month after the General Meeting of Shareholders July, August and September 2019. Therefore, there
in the Management Accountability Meeting in the are no pending dividend payment.
current year. The policy of dividend distribution
applied by the Company is to consider profitability The dividends paid out in 2018 were far greater
and business expansion. Profit is set aside for the than in the financial year 2017. In 2018, the dividend
Company’s operational and business development payout for the financial year of 2017 were set at Rp
needs. 283,716 million with a Dividend Payout Ratio of
20%. All dividend payout obligations were fulfilled
The reduction in profits allocated for the by PT Angkasa Pura I (Persero).
Company’s dividends and reserves in 2019 derived
from the performance of the Company in 2018
was determined based on the results of the Annual
General Meeting of Shareholders stated in the
Minutes of the General Meeting of Shareholders
(GMS) of PT Angkasa Pura I (Persero) No. AP.I.3972/
KU.01.03/2019/DU-B dated May 20, 2019.

Dividend Announcement and Payment of PT Angkasa Pura I (Persero) for Financial Year 2016-2018
Distribution Operating Dividend

Financial of Dividends Profit (in Per Share Dividen Payout Basis for Announcement
Payout Date
Year (in million million (in thousand Ratio Distribution Date
Rupiah) Rupiah) Rupiah)
2018 461,614 2,007,018 71.97 23% Minutes of GMS 20 May 2019 20 June 2019
No. AP.I.3972/ 19 July 2019
KU.01.03/2019/ 20 Aug 2019
DU-B 20 Sep 2019
2017 283,716 1,418,577 44.23 20% Minutes of GMS 24 April 2018 22 May 2018
No. AP.I.2559/ 21 June 2018
KU.01.03/2018/ 24 July 2018
DU-B 23 Aug 2018
24 Sep 2018
2016 140,000 1,158,800 21.83 12.08% Minutes of GMS 9 May 2017 7 June 2017
No. AP.I.2406/
KU/03/2017/DU-B
‫ד׏׎א‬ ‫זה׏‬,‫ח׎ב‬ ‫׏גז‬,‫אגד‬ ‫הא‬.‫גא‬ ‫ۑ׎א‬ Minutes of GMS ‫ ו׏‬May ‫ה׏׎א‬ ‫ ג׏‬June ‫ה׏׎א‬
No‫׏ژ‬9
‫ژו׏‬uay‫ה׏׎אژ‬
‫ג׏׎א‬ ‫דז׏‬,‫׎או‬ ‫זאח‬,‫׏׎ה‬ ‫בה‬.‫וג‬ ‫ۑ׎א‬ Minutes of GMS ‫ א׏‬May ‫ד׏׎א‬ ‫ ג‬June ‫ד׏׎א‬
No: AP.I.2‫ה‬0‫ז‬/
¾U/03ِ‫ג׏׎אٖג׎‬ ‫ ו‬eɓǹy ‫ד׏׎א‬
Stock Ownership Program
Currently, PT Angkasa Pura I (Persero) does not data and information on stock options, number
have an employee and/or management stock of shares, duration of implementation, exercise
ownership program (Employee Stock Ownership price, and requirements of the ESOP and MSOP
Plan/ESOP and Management Stock Ownership program.
Plan/MSOP). Therefore, this report presents no
Realization of the Use of Proceeds From Public Offering
In accordance with the Financial Services was used in accordance with the plan, namely
Authority Regulation No. 30/POJK.04/2015 for the development of five airports and routine
concerning Report on the Realization of the Use airport investments.
of Proceeds f rom Public Offering (LRPD), the
Company submits the LRPD report periodically The following table summarizes the realization
every six months per June 30 and December 31. of the use of proceeds f rom public offering of PT
In general, the realization of the use of proceeds Angkasa Pura I (Persero).
from Public Offering of Bonds and Sukuk Ijarah
Summary of Realization of the Use of Proceeds From Public Offering of PT Angkasa Pura I in the Last Three Years
Description Date, Month and Year Total (Rp)
Public Offering (Bonds and Sukuk Ijarah) 10 November 2016

Total public offering proceeds 3,000,000,000,000
Public offer fee 8,789,785,708
Net Proceeds 2,991,210,214,292

Summary of Realization of the Use of Proceeds From Public Offering of PT Angkasa Pura I in the Last Three Years
Description Date, Month and Year Total (Rp)
Planned Use of Proceeds

Funding for 5 (five) Airport Development Projects 2,243,407,660,719
Funding for Regular Investments 747,802,553,573
Total Planned Use of Proceeds 2,991,210,214,292
Actual Use of Proceeds

Funding for five Airport Development Projects 2016 474,000,000,000
2017 1,348,621,902,001
2018 626,515,340,865
2019 31,319,020,243
Total Funding for 5 (five) Airport Development Projects 2,480,456,263,109
Funding for Regular Investment 2016 0
2017 510,542,716,153
2018 211,235,030
2019 0
Total Funding for Regular Investment 510,753,951,183
Total Actual Use of Proceeds 2,991,210,214,292
Remaining Balance of Proceeds from Public Offering Per 31 December 2019 0
Material Information Containing Conflict of Interest and/or

Transaction with Affiliated Parties
Transaction of Conflict of Interest and/

or Affiliate Transaction
As a state-owned enterprise, PT Angkasa Pura I conflicts of interest, such as government-owned
(Persero) is aware of related parties that transact with financial service institutions, state-owned enterprises
the Company, either based on ownership and/or (SOEs) or other Government institutions. The parties
management. In the context of implementing good identified as related to PT Angkasa Pura I (Persero)
governance, the Company consistently identifies if can be seen in the following table.
there are transactions that are related and contain
Parties Related to PT Angkasa Pura I (Persero) Based on Ownership and/or Management Relationship
No Related Parties Nature of Relationship
1. Shareholder Government of the Republic of Indonesia
2. Entities Related to Government PT Bank Mandiri (Persero) Tbk.
PT Bank Rakyat Indonesia (Persero) Tbk.
PT Bank Negara Indonesia 1946 (Persero) Tbk.
PT Bank Tabungan Negara
PT Bank Syariah Mandiri
PT Bank BRI Syariah
PT Bank BNI Syariah
PT Garuda Indonesia (Persero), Tbk.
PT Pertamina (Persero)

Parties Related to PT Angkasa Pura I (Persero) Based on Ownership and/or Management Relationship
No Related Parties Nature of Relationship
2. Entities Related to Government PT Perusahaan Listrik Negara (Persero)
PT Telekomunikasi Indonesia (Persero) Tbk
PT Asuransi Jasa Indonesia (Persero)
Perusahaan Umum (Perum) Lembaga Penyelenggara

Pelayanan Navigasi
Penerbangan Indonesia (LPPNPI)
PT Sarana Multi Infrastruktur (Persero)
Indonesia Infrastructure Finance
Other State-Owned Enterprises (BUMN)
Other Regional-Owned Enterprises (BUMD)
3. Subsidiaries PT Angkasa Pura Support
PT Angkasa Pura Hotel
PT Angkasa Pura Property
PT Angkasa Pura Retail
4. Associated Entities PT Jasa Marga Bali (investment in shares)
PT Gapura Angkasa (investment in shares)
5. Post-Employment Benefit Entities Angkasa Pura Pension Fund
6. Personnel, Key Management Board of Directors
Board of Commissioners
During 2019, there were no transactions with affiliated parties that involved conflicts of interest. The details
of accounts and transactions with related parties are as follows:
Transaction with Related Party of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Asset
Cast and cash equivalent 2,439,450,313 1,843,411,485 2,209,464,284
Investment in short-term securities 157,630,092 62,030,398 60,711,992
Trade receivables 138,453,120 90,334,042 92,919,624
Other receivables - - -
Non-current receivables - - -
Long-term investment 99,749,084 100,662,312 86,300,400
Short-Term Investment 20,625,703,754 24,106,449,961 85.56%

Transaction with Related Party of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Uraian/Description 2019 2018 2017
Total 2,835,282,609 2,096,438,237 2,449,396,300
Percentage of total assets 6.63% 9.90%
Liabilities
Trade payables 59,820,083 101,718,709 10,812,049
Bank Loans and Syndicated Loans 14,918,352,118 5,537,983,907 3,814,506,307
Other current debt 99,967,076 1,371,998,743 366,422,705
Equity
State Capital Participation 6,414,412,000 22,963,207 255,096,706
Total 21,492,551,277 13,426,113,359 10,606,153,061
Percentage of total liabilities and equity 50.23% 42.48% 17.98%
Contingent Liabilities In 2018, the Company received the Supreme

As of December 31, 2019, there were no important Court Verdict No. 1461 K/Pdt/2017 dated
cases being faced by the Company, the Board September 27, 2017 where the Company
of Commissioners, the Board of Directors, or was ordered to pay a penalty of Rp 2,491,890.
subsidiaries. However, several important cases For this reason, as of December 31, 2018, the
from previous years that required following up are Company posted revenues of Rp 885,334,939
as follows: in the other income account.
a) PT Bank Negara Indonesia Syariah (BNI
Syariah) b) PT Sepinggan Sarana Utama (SSU)
The Company had to face a civil lawsuit from PT Sepinggan Sarana Utama (SSU) submitted
BNI Syariah with a claim value of Rp 85,334,939 a request for arbitration to the Indonesian
related to payments to PT Slipi Raya Utama National Arbitration Board (BANI) where the
that did not go through BNI Syariah account in SSU stated that the Company had broken its
connection with the construction of passenger commitment on a cooperation agreement
terminal and supporting facilities at Lombok for the construction and operation of transit
International Airport. hotel at Sepinggan Airport in Balikpapan.
On July 5, 2018, the Company received the
Based on Verdict No. 315/PDT/2015/PTDKI. Case Verdict No. 982/X/ARB-BANI/2017 from
jo.No.556/PDT.G/2013/PN.JKT.PST and Verdict BANI where the Company was ordered to pay
No. 315/PDT/2015/PT DKI, the Central Jakarta compensation for investment made by SSU
District Court and the Jakarta High Court and reimburse the earnest money deposit
granted the motion of BNI Syariah and ordered to SSU amounting to Rp 104,793,567 and Rp
the Company to pay a penalty of Rp 2,491,890. 3,750,000, respectively.
Based on this verdict, the Company filed an
appeal on January 26, 2016.
As of December 31, 2017, the Company booked

a provision of Rp 87,826,828 in the accrual
expense account.

The Company submitted an appeal to Central 2. SSU continued to be responsible for paying
Jakarta District Court on October 23, 2018, land rent and concession to the respondent.
which stated the following: 3. It was necessary to reassess the hotel valuation.
1. The arbitration award violated public
order because it disregarded the report On May 15, 2019, the Company and SSU signed an
on the results of investigative audit of the agreement in which SSU agreed to hand over the
Financial and Development Supervisory land and hotel building to the Company in return
Board (BPKP). for a payment of Rp 86.7 billion. On May 16, 2019,
2. Based on the minutes of the meeting held the Company paid such amount to SSU.
on August 16, 2018 with the SSU, SSU did
not object if compensation was calculated Changes in Accounting Policies
with its obligations. In 2019, PT Angkasa Pura I (Persero) did not make
3. SSU had agreed that the compensation adjustments or changes in accounting policies.
sum was to be reduced by payment of the However, effective per January 1, 2019, the Company
connecting corridor. adopted several relevant new accounting
4. SSU continued to be responsible for standards in accordance with internationally
paying the land rent and concession to accepted accounting standards and practices.
the respondent. The following table provides an explanation of
5. SSU was obliged to surrender the changes in the Statement of Financial Accounting
Company’s land and transit hotel to the Standards (PSAK) and the new Interpretation of
Company. Financial Accounting Standards (ISAK).
The Company again submitted an appeal to the

Central Jakarta District Court on November 6, 2018,
which stated that:
1. SSU had agreed that the compensation
sum was to be reduced by payment of the
connecting corridor building as part of the
transit hotel.
Changes in Accounting Policies Beginning on and after January 1, 2019
Accounting
No Adoption of IFRS/IAS Summary of Changes Impact on Angkasa Pura I
Standard
1. ISAK 33 IFRIC 22 Foreign Currency No significant impact on

Transactions and Advance financial statements.
Consideration
2. ISAK 34 IFRIC 23 Uncertainty in Treatment of No significant impact on

Income Tax financial statements.
3. Amendment to Amendments to IAS 19 Rewards regarding No significant impact on

PSAK 24 (2018 Amendments, Curtailment, financial statements
Adjustment) or Program Completion.

Changes in Accounting Policies Beginning on and after January 1, 2019
Accounting
No Adoption of IFRS/IAS Summary of Changes Impact on Angkasa Pura I
Standard
4. PSAK 22 Annual Improvements Business Combination No significant impact on

(2018 Adjustment) to IFRSs 2015-2017 Cycle financial statements.
– IFRS 3
5. PSAK 26 Annual Improvements Loan Fee No significant impact on

– IAS 23
6. PSAK 46 Annual Improvements Income Tax No significant impact on

– IAS 12
7. PSAK 66 Annual Improvements Joint Arrangements No significant impact on

– IFRS 11
Impact of New and Revised Financial Accounting Standards (PSAK)

The Company has analyzed the application of the accounting standards mentioned above and the
application has no significant impact on the financial statements.
Information on Business Continuity
Amendment to Provision of Laws and Regulations

In 2019, there were amendments to provisions of laws and regulations that impacted on the business
activities of PT Angkasa Pura I (Persero), as follows:
Regulation
No Institution Subject Impact
Number
1. Ministry of 128/ Provision of Gross Income Reduction Angkasa Pura I has enhanced
Finance PMK.010/2019 for Implementing Work Practices, HR development based on
Internship and/or Learning Activities competencies and internship of
in the Framework of Developing employees, determined by the
Human Resources Based on Specific Training and Development unit.
Competencies
2. Ministry of PER-01/ Fourth Amendment to Minister of Amendment to the regulation

State-Owned MBU/2019 State-Owned Enterprises Regulation has resulted in the increase in the
Enterprises No. PER-04/MBU/2014 concerning salary and bonus of the Director in
Guidelines for Determining the charge of Human Resources and
Income of Board Directors, Board of General Affairs.
Commissioners, and the Supervisory
Board of State-Owned Enterprises
3. Directorate PER-05/ Agency/ Institution established or Currently, the deduction of Zakat

General of Taxes PJ/2019 authorized by the Government and for employees by 2.5% of income is
Ministry of designated as Recipient of Zakat or transferred to the account of the
Finance Mandatory Religious Contributions National Zakat Agency.
that can be deducted from Gross
Income

Regulation
No Institution Subject Impact
Number
4. Ministry of 166 National Airport a. Enhancement of Airport status from Domestic to

Transportation Order International;
b. Determination of role, function and classification
standards of airports;
c. Fulfillment of Airport Certificate for all airports;
d. Active participation in supporting the ASEAN
Open Sky Policy by regulating aircraft slot times
in maximizing the potential for increased aircraft,
passenger and cargo movements.
Matters that Potentially Have a either related to operations or marketing and

Significant Impact on Business Continuity finance. In addition, there were no matters that
Until the end of 2019, there were no matters that could pose a risk to the airport industry throughout
could potentially have a significant impact on the 2019.
business continuity of PT Angkasa Pura I (Persero),
Tax Disclosure
Publication of Tax Payments
In carrying out its operational activities, PT Angkasa taxation rights and obligations. The tax obligations
Pura I (Persero) has adhered to good corporate were carried out in accordance with applicable
governance principles in a transparent and regulations.
accountable manner, especially in managing its
Tax Payments of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Income Tax Article 21 198,882,750 162,789,707 124,603,089
Income Tax Article 22 5,641,914 4,523,965 -
Income Tax Article 21 and 26 28,491,494 26,348,212 20,551,619
Income Tax Article 4 Paragraph 2 248,509,945 132,485,016 55,605,562
Corporate Income Tax 485,287,229 432,540,331 379,062,029
Value Added Tax (1111) 621,337,506 646,830,078 783,739,976
Mandatory Value Added Tax (1107) 1,040,720,298 698,144,910 -
SWPD3D/BNN and Other Tax Expenses 157,830,977 166,345,493 32,192,035
Land and Building Tax and Other Regional Taxes 180,369,880 139,173,979 149,707,340
Total 2,967,071,993 2,409,181,695 1,545,461,649

Payment Compliance and Tax Disputes Taxation Basis

During 2019, PT Angkasa Pura I (Persero) In the performance of its taxation obligations,
performed its tax obligations in accordance with PT Angkasa Pura I (Persero) refers to applicable
existing provisions, thus there were no compliance taxation provisions and carries out fiscal
issues in terms of tax payments. In addition, per reconciliation. Then, the taxable income
December 31, 2019, the Company was not involved following reconciliation becomes the basis for
in tax disputes. filling the 2019 Annual Corporate Tax Return. In
2019, several adjustments were made to the tax
calculation, namely as follows:
Fiscal Reconciliation Data for Taxation of PT Angkasa Pura I (Persero) in the Last Three Years (in thousand Rupiah)
Profit Before Corporate Incomes Tax in Consolidated 1,944,535,245 2,694,934,057 1,789,497,375

Statement of Profit or Loss and Comprehensive Income
Tax Expenses 492,308,079 689,015,898 369,144,323
Deferred Tax Assets 48,494,898 41,157,712 83,863,138
Deferred Tax Liabilities 79,885,504 89,079,821 -

Performance of Subsidiaries
As of 2019, the Company has 5 (five) subsidiaries. A description of the subsidiaries is presented in the Profile
section of this Annual Report. The performance of subsidiaries is presented as follows.

PT Angkasa Pura Support had good performance in or Rp 29,626 billion to Rp 147.829 billion in 2019. In
2019 by booking operating revenues of Rp 1,524.722 terms of balance sheet, PT Angkasa Pura Support
billion, increased by 23.03% or Rp 285,437 billion recorded an increase in company assets of 36.84%
from Rp 1,239.29 billion in 2018. On the other hand, or Rp 375,311 billion, from Rp 1,018.67 billion in 2018
operating profits experienced negative growth by to Rp 1,393.988 billion in 2019.
-2.19% or Rp 3,713 billion, therefore operating profit
was Rp 166.028 billion in 2019 from Rp 169.74 billion
in 2018. Further, net profit decreased by -16.69%
Financial Performance of PT Angkasa Pura Support in the Last Three Years (in million Rupiah)
Growth in 2019
(Rp) %
Assets 375,311 36.84 1,393,988 1,018,677 810,800
Liabilities 301,765 73.41 712,818 411,053 331,840
Equities 73,546 12.1 681,170 607,624 468,960
Operating Revenue 285,437 23.03 1,524,722 1,239,285 1,017,802
Operating Expense 289,15 27.03 1,358,694 1,069,544 863,177
Operating Profit 3,713 -2.19 166,028 169,741 154,625
Non-Operating Revenue 21,66 -89.55 2,527 24,187 15,877
Non-Operating Expenses 4,253 25.82 20,726 16,473 20,942
Non-Operating Profit 1,036 6 18,199 7,714 -5,065
Total Revenue 263,777 20.88 1,527,249 1,263,472 1,033,679
Total Expenses 293,403 27.02 1,379,420 1,086,017 884,119
Net Profit 29,626 -16.69 147,829 177,455 149,561
Current and Deferred Tax 20,348 82.31 45,070 24,722 37,841

Expense
After-Tax Profit (Loss) 49,973 -32.72 102,760 152,733 111,719
Cash Ratio 159.71% 35.18% 35.67%
Current Ratio 21.78% 192.75% 219.04%
Test Acid Ratio 44.51% 70.06% 123.76%
Return on Asset 7.37% 14.99% 13.78%
Return on Equity 15.09% 25.14% 23.33%


The operating revenues of PT Angkasa Pura 2019. In terms of balance sheet, PT Angkasa Pura
Logistik was Rp 386.003 billion in 2019, increased Logistik recorded a growth in company assets
by 7.49% or Rp26.909 billion from Rp 359.09 billion by22.21% or Rp 55.051 billion, from Rp 247.88 billion
in 2018. However, operating profit experienced in 2018 to Rp 302.93 billion in 2019.
negative growth by -45.17% or Rp30.494 billion
from Rp67.51 billion in 2018 to Rp 37,014 billion in
2019. Further, the net profit of PT Angkasa Pura
Logistik decreased by -48.39% or Rp 35.681 billion,
from Rp 73.73 billion in 2018 to Rp38.05 billion in
Financial Performance of PT Angkasa Pura Logistik in the Last Three Years (in million Rupiah)
Growth in 2019
(Rp) %
Assets 55,051 22.21 302,928 247,877 250,85
Liabilities 37,32 50.72 110,902 73,582 118,363
Equities 17,731 10.17 192,026 174,295 132,487
Operating Revenue 26,909 7.49 386,003 359,094 370,411
Operating Expenses 57,402 19.69 348,988 291,586 280,632
Non-Operating Expenses 889 -88.68 113 1,002 2,111

Financial Performance of PT Angkasa Pura Logistik in the Last Three Years (in million Rupiah)
Growth in 2019
(Rp) %
Non-Operating Profit 5,187 -83.36 1,036 6,223 3,601
Total Revenue 20,833 5.69 387,152 366,319 376,123
Total Expenses 56,514 19.32 349,102 292,588 282,743
Net Profit 35,681 -48.39 38,05 73,731 93,379
Final Tax Expense (Article 4 359,388 0 612 360 0

Paragraphs 2 and 23)
Current and Deferred Tax 6,764 -37.2 11,42 18,184 23,224

Expense
Cash Ratio 141.53% 107.51% 65.08%
Current Ratio 19.60% 268.01% 185.21%
Test Acid Ratio 181.53% 165.75% 94.81%
Return on Asset 8.59% 22.26% 27.79%
Return on Equity 13.55% 31.66% 52.95%

Pt Angkasa Pura Properti

In 2019, PT Angkasa Pura Properti showed a PT Angkasa Pura Properti increased by 10.67% or
decline in the operating revenue of Rp206.116 Rp51.801 billion, from Rp485.60 billion in 2018 to
billion or -45.87% compared to Rp 449.32 billion Rp537.39 billion in 2019.
in 2018. Further, the operating profit experienced
a negative growth of -62.91% or Rp 26,578 billion,
from Rp42.24 billion in 2018 to Rp15.670 billion
in 2019. In addition, the net profit decreased by
-73.60% or Rp30.083 billion, from Rp40.87 billion
in 2018 to Rp 10.790 billion in 2019. Total assets of
Financial Performance of PT Angkasa Pura Properti in the Last Three Years (in million Rupiah)
Growth in 2019
(Rp) %
Assets 51.801 10,67 537.396 485.595 331.868
Liabilities 55.394 19,95 333.024 277.630 150.670
Equities 3.593 -1,73 204.371 207.964 181.169
Operating Revenue 206.116 -45,87 243.204 449.320 299.817
Operating Expense 179.538 -44,10 227.534 407.072 282.815
Operating Profit 26.578 -62,91 15.670 42.248 17.002
Non-Operating Revenue 767 48,28 2.355 1.588 2.225
Non-Operating Expenses 4.271 144,14 7.234 2.963 1.185
Non-Operating Profit 3.504 254,85 (4.879) (1.375) 1.039
Total Revenue 205.349 -45,54 245.559 450.908 302.041
Total Expenses 175.267 -42,74 234.768 410.035 284.000
Net Profit 30.083 -73,60 10.790 40.873 18.041
Final Tax Expense (Article 4 4.919 0,00 9.598 14.517 0

Current and Deffered Tax 70.283 -98,99 717 71.000 2.485

Expense
After-Tax Profit (Loss) 24.517 -92,77 123,04% 29,20% 20,29%
Cash Ratio 16,79% 142,73% 171,95%
Current Ratio 47,05% 56,41% 51,56%
Test Acid Ratio 0,36% 5,44% 4,96%
Return on Asset 0,93% 12,71% 8,59%
Return on Equity 13.55% 31.66% 52.95%

Pt ANGKASA PURA HOTEL

The operating revenue of PT Angkasa Pura Hotel With the decline in profit, PT Angkasa Pura Hotel
increased by 2.94% or Rp11.6 billion, from Rp395.50 was recorded to have assets of Rp738.82 billion
billion in 2018 to Rp407.11 billion in 2019. On the other in 2019 compared to Rp728.23 billion in 2018, or
hand, the company’s operating profit decreased increased by Rp10.592 billion or 1.45%.
by 16.771 billion or -58.40%, from Rp28.716 billion in
2018 to Rp11.949 billion in 2019. Net profit in 2019
also decreased by -46.40% or Rp12.718 billion, from
Rp27.41 billion in 2018 to Rp14.69 billion in 2019.
Financial Performance of PT Angkasa Pura Hotel in the Last Three Years (in million rupiah)
Growth in 2019
(Rp) %
Assets 10,592 1.45 738,817 728,225 708,033
Liabilities 5,051 6.44 83,539 78,488 74,539
Equities 5,541 0.85 655,278 649,737 633,494
Operating Expense 28,384 7.74 395,163 366,779 252,978
Non-Operating Revenue 200 5.11 4,108 3,908 3,855
Non-Operating Expenses 3,853 -73.87 1,362 5,215 311
Total Revenue 11,813 2.96 411,216 399,403 269,095
Total Expenses 24,532 6.59 396,526 371,994 253,290
Net Profit 12,718 -46.4 14,691 27,409 15,805
Final Tax Expense (Article 4 64,992 0 8 65 0

Current and Deffered Tax 5,991 -53.61 5,184 11,175 2,998

Expense
Cash Ratio 313.85% 150.45% 142.29%
Current Ratio 191.60% 273.44% 266.07%
Test Acid Ratio 325.53% 224.17% 221.56%
Return on Asset 1.29% 2.22% 1.81%
Return on Equity 1.45% 2.49% 2.02%

Pt ANGKASA PURA RETAIL

In general, PT Angkasa Pura Retail showed good the operating profit and net profit in 2019 were
financial performance with total operating Rp7.26 billion and Rp8.93 billion, respectively. In
revenues in 2019 of Rp106.312 billion, increased comparison to performance in 2018, operating
by 18.39% or Rp16.52 billion from the operating profit experienced negative growth by -75.81%
revenues in 2018 of Rp89.80 billion. Further, or Rp 22.75 billion, while net profit decreased by
-74.42% or Rp25.99 billion.
Financial Performance of PT Angkasa Pura Retail in the Last Three Years (in million Rupiah)
Growth in 2019
(Rp) %
Assets 9,162 11 90,226 81,064 73,261
Liabilities 3,591 13.33 30,535 26,944 32,612
Equities 5,571 10.29 59,691 54,12 40,649
Operating Expense 39,263 65.67 99,053 59,79 60,954
Non-Operating Expenses 1,977 -96.02 82 2,059 2,584
Total Revenue 11,298 11.68 108,067 96,769 74,354
Total Expenses 37,286 60.28 99,135 61,849 65,537
Net Profit 25,987 -74.42 8,933 34,92 10,817
Final Tax Expense (Article 4 4,002 0 963 4,965 0

Current and Deffered Tax 14,673 -88.14 1,975 16,648 0

Expense
Cash Ratio 264.35% 191.12% 46.51%
Current Ratio 130.13% 259.33% 154.12%
Test Acid Ratio 450.76% 219.04% 121.63%
Return on Asset 6.64% 16.42% 14.76%
Return on Equity 10.04% 24.59% 26.61%

Corporate
Governance
Good corporate governance

is the process of implementing
corporate governance
principles supported by the
adequate structure and soft
structure to produce results
that are line with stakeholder
expectations.

has always committed
to implementing GCG
consistently and sustainably
based on regulations, applicable
provisions and the Company’s
articles of association.

Governance Framework and Structure

Policy Basis for GCG Implementation
PT Angkasa Pura I (Persero) implements good Material Information or Facts by Issuers or
corporate governance (GCG) principles as the Public Companies.
foundation in conducting its business operations, 8. Financial Services Authority Regulation No. 21/
both within the parent as well as subsidiaries. POJK.04/2015 Concerning The Implementation
In 2019, this endeavor was acknowledged by of Corporate Governance Guidelines for Public
the achievement of various awards, including Companies.
“The Most Committed GRC Leader 2019” for the 9. Financial Services Authority Circular No.
President Director and “Top GRC 2019 #3 Stars” 32/SEOJK.04/2015 Concerning Corporate
at the TOP GRC 2019 competition held by Top Governance Guidelines for Public Companies.
Business Magazine, the National Committee on
Governance (KNKG), Indonesian Risk Management In addition, PT Angkasa Pura I (Persero) implements
Professional Association (IRMAPA), Institute of GCG based on national and international best
Compliance Professional Indonesia (ICoPI), and practices, namely:
Asian Business Research. 1. Indonesian GCG Manual developed by the
National Committee on Governance Policy (KNKG)
In principle, GCG implementation within PT 2. Governance principles for state-owned
Angkasa Pura I (Persero) refers to various enterprises developed by the Organization
regulations, namely: for Economic Co-operation and Development
1. Law No. 19 of 2003 concerning State-Owned (OECD)
Enterprises (SOE). 3. ASEAN Corporate Governance Scorecard (ACGS)
2. Law No. 40 of 2007 concerning Limited Liability
Companies. Furthermore, GCG implementation is supported
3. Government Regulation of the Republic by the Company’s internal guidelines, including
of Indonesia No. 45 of 2001 concerning guidelines for behavior, functions and tasks
Amendment to Government Regulation of company’s organ in carrying out GCG. The
No. 12 of 1998 concerning Limited Liability implementation of GCG principles aims to build an
Companies (Persero). ethical and resilient corporate culture. As of end-2019,
4. Minister of State Owned Enterprise Regulation the Company’s internal guidelines are as follows:
No. PER-01/MBU/2011 dated August 1, 2011 1. Code of Corporate Governance
concerning The Implementation of Good 2. Code of Conduct
Corporate Governance for State Owned 3. Board of Directors and Board of Commissioners
Enterprises and Amendment to Minister of Work Procedure Guidelines (Board Manual)
State Owned Enterprise Regulation No. PER- 4. Audit Committee Charter
09/MBU/2012 dated July 6, 2012. 5. Internal Audit Charter
5. The Secretary of Minister of State Owned 6. Collective Labor Agreement 2017-2019
Enterprise Regulation No. SK-16/S.MBU/2012 7. Anti-Corruption Guidelines
dated June 6, 2012 Concerning The 8. Whistleblowing System Guidelines
Indicator Parameter and Evaluation of the 9. Risk Management Guidelines
Implementation of Good Corporate Governance 10. Information Technology Governance
in State Owned Enterprises (SOEs). Guidelines
6. Financial Services Authority Regulation No. 8/ 11. Compliance Guidelines
POJK.04/2015 Concerning Website of Issuers 12. Report of State Official Assets (LHKPN)
or Public Companies. Guidelines
7. Financial Services Authority Regulation No. 13. Other policies and Standard Operating
31/POJK.04/2015 concerning Disclosure on Procedures (SOP) of the Company

GCG Implementation Framework

With respect to GCG implementation, Shareholders (GMS), Board of Commissioners,
establishment of the Main Organs and Supporting and Board of Directors. Whereas, the Supporting
Organs within PT Angkasa Pura I (Persero) as Organs consist of Corporate Secretary, Audit
well as Company infrastructure has enabled the Committee, Business Risk Management and Good
governance process to run in an effective manner. Corporate Governance Committee, Internal Audit
The Main Organs consist of General Meeting of Committee, and Risk Management Committee.
Governance Structure Governance Process

• Main Organs • Commitment to Sustainable Implementation of Good
• Supporting Organs Corporate Governance
• Infrastructure • Shareholders and GMS/Capital Owners
• Responsibilities of Board of Commissioners
• Responsibilities of Board of Directors
• Information Disclosure and Transparency
Governance Outcome
• Optimize the value of the company to have competitive advantage, both nationally and
internationally.
• Encourage the management of the Company in a professional, efficient and effective manner
and increase the independence of the Company’s Organs.
• Encourage Company Organs to make decisions and take actions based on high moral values
and compliance with laws and regulations, and to build awareness of the Company’s social
responsibility towards stakeholders and environmental sustainability.
• Increase the contribution of the Company in the national economy.
• Create a conducive environment for the enhancement of national investment.
GCG Structure and Mechanism

GCG structure of PT Angkasa Pura I (Persero) Furthermore, the GCG mechanism is based on
consists of the General Meeting of Shareholders various principles, regulations and guidelines
(GMS), Board of Commissioners, and Board of related to GCG. Each organ has its main duties and
Directors who ensure that the process is carried functions as well as respective authorities. Board
out in a systematic and continuous manner in of Directors is fully responsible for the Company’s
accordance with prevailing rules and regulations. management, while the Board of Commissioners
In this context, Board of Commissioners and Board perform adequate supervision to the management
of Directors are supported by various supporting of the Company. Both of these organs carry out
organs, namely Corporate Secretary and their tasks in accordance with the direction of the
committees under the Board of Commissioners GMS. The supporting organs are at the forefront
including Risk Management and Internal Audit. to ensure that GCG principles are implemented in
the Company’s daily activities.

General Meeting of
Shareholders
Board of Commissioners Board of Directors
• Secretary to Board of Commissioners • Risk Management Committee

• Audit Committee • Internal Audit
• Business Risk and GCG Committee • Corporate Planning and Transformation
• Compliance and Risk Management
• Legal Unit
• Work Units in each Directorate
General Meeting of Shareholders

The General Meeting of Shareholders (GMS) is the 4. Organize the GMS in the event the Board of
premier governance organ and the mechanism Directors and/or Board of Commissioners fail
for making important and strategic decisions to hold the AGM and at any time request an
by Shareholders. Each year, PT Angkasa Pura I EGMS if deemed necessary as mandated by
(Persero) holds the Annual General Meeting of the Articles of Association
Shareholders (AGM) which consists of: 5. Transfer the ownership of Company shares
• AGM for discussion of the Company Work Plan
and Budget (RUPS RAKP) Authority of the GMS
• AGM for Approval of Annual Report and In general, the GMS has special authorities that are
Ratification of the Company’s Financial not delegated to the Board of Directors and Board
Statements of Commissioners,as follows:
1. Approve the Company’s Long-Term Plan
Besides the AGM, if necessary PT Angkasa Pura (RJPP) and Company Work Plan and Budget
I (Persero) may hold an Extraordinary General (RKAP)
Meeting of Shareholders (EGMS). 2. Establish the calculations on Company profit
to be allocated as:
Rights of Shareholders a. Dividends to Shareholders
At the GMS, Shareholders have the following rights: b. Reserve
1. Attend and vote at the GMS c. Partnership and Community
2. Obtain material information (including Development Program (PKBL)
the right to ask questions) from the Board 3. 3. Appoint and dismiss the Board of Directors
of Commissioners and Board of Directors and Board of Commissioners
regarding finance or other matters related to 4. Set performance targets for each member of
Company affairs Board of Directors and Board of Commissioners
3. Receive a share of the Company’s profits 5. Conduct collective and individual performance
(dividends) evaluation of the Board of Directors and Board
of Commissioners

6. Assign an External Auditor to audit the convenes the GMS by disseminating information
Company’s Financial Statements on its planned date, time, venue and agenda.
7. Determine the remuneration of the Board of Information on the planned GMS is available and
Directors and Board of Commissioners accessible to Shareholders at the PT Angkasa
8. Determine the maximum number of Pura I (Persero) office, from the date of the GMS
concurrent positions that may be held by a invitation until its actual hosting.
member of the Board of Commissioners
9. Determine the maximum number of Implementation of GMS on Company Work
concurrent positions that may be held by Plan and Budget for the Financial Year
a members of the Board of Directors in 2019 and its realization
subsidiaries The GMS to discuss PT Angkasa Pura I (Persero)
10. Delegate authority to the Board of Work Plan & Budget (RKAP) for the Financial Year
Commissioners and Board of Directors 2019 was held on January 10, 2019 at the Ministry
11. Dissolve or liquidate the Company of State Owned Enterprises, 6th Floor Meeting
Room, Jalan Medan Merdeka Selatan No. 13
GMS Implementation and Voting Process Central Jakarta. In this context, the GMS invitation
PT Angkasa Pura I (Persero) holds a GMS in was circulated to Shareholders through letter No.
accordance with the Articles of Association and API134/KU01.03/2019/DU-B dated January 9, 2019.
applicable regulations. The GMS may be held if All members of the Board of Commissioners and
attended by at least 51% holders of outstanding Board of Directors attended the GMS. The various
shares with voting rights or representatives, unless resolutions from the GMS have been informed to
the statutory regulations and/or the Articles of Shareholders through the website www.silaba.
Association determine otherwise. Prior to the bumn.go.id on 29 March 2019. In addition, the GMS
event, PT Angkasa Pura I (Persero) announces and Minutes have also been posted on the Company
website (www.ap1.co.id).
Resolutions during GMS on Company Work Plan & Budget for the Financial Year 2019
Agenda Item 1
Ratification of the Company Work Plan and Budget (RKAP) for the Financial Year 2019.
Resolution
To ratify the Company Work Plan and Budget 2019, as per the following:
a. Consolidated Financial Statement
Assets

Current Assets Rp 4.804.994 million

Non-Current Assets Rp 39.458.734 million
Total Assets Rp 44.263.728 million
Liabilities and Equity

Current Liabilities Rp 3.330.904 million

Non-Current Liabilities Rp 24.106.450 million

Equity Rp 16.826.374 million
Total Liabilities and Equity Rp 44.263.728 million

Resolutions during GMS on Company Work Plan & Budget for the Financial Year 2019
Agenda Item 1
Ratification of the Company Work Plan and Budget (RKAP) for the Financial Year 2019.
b. Consolidated Statement of Income and Other Comprehensive Income

Revenue

Revenue Rp 9.997.620 million

Operating Expenses Rp 7.028.255 million
Business Profit (Loss) Rp 2.969.365 million
Other Income (Expenses) Rp (428.499) million
Profit (Loss) Before Tax Rp 2.543.998 million
Income Tax Rp 528.766 million
Net Profit (Loss) of Current Year Rp 2.015.232 million
Non-Controlling Interest Rp (4.030) million
Net Profit (Loss) Attributable to Parent Entity Rp 2.011.201 million
c. Investment
Operational Rp 3.554.343 million
Development Rp 13.971.822 million
Total Investment Rp 17.526.165 million
d. Human Resources
Core Employees : 3.697 persons
Supporting Staff : 6.105 persons
Total Employees : 9.802 persons

e. Corporate Soundness Level
The targeted soundness level score of the Company Work Plan & Budget 2019 as per calculations
stated in Minister of SOE Decree No. KEP-100/MBI/2002 is 92.0 or Category of AA (Healthy)
f. The Board of Commissioners’ Work Plan & Budget 2019 is as stated in the Company Work Plan
& Budget 2019 book
Agenda Item 2
Ratification of the Work Plan and Budget for the Partnership
and Community Development Program (RKA-PKBL) 2019.
Resolutions
a. Partnership Program
Available Funds

Opening Balance Rp -
Loan Repayments by Assisted Partners Rp 24.208 million
Revenue from Loan Administration Rp 3.251 million

Other Income Rp 44 million
Total Available Funds Rp 30.503 million
Disbursement of Funds
Loans to Assisted Partners Rp 25.570 million
Disbursement of development funds/grants Rp 2.933 million
Disbursement of Special SOE Fund Rp 2.000 million
Total Funds Disbursed Rp 30.503 million
Closing Balance Rp 0 million

Agenda Item 2
and Community Development Program (RKA-PKBL) 2019.
b. Community Development Program
Available Funds

Opening Balance Rp - million

Other Income Rp - million
Additional Support from Mentoring SOE Rp 39.662 million

Other Revenue Rp - million
Community Development Fund Disbursement Rp 39.662 million
Closing Balance Rp - million
Agenda Item 3
Approval and Ratification of the Management Contract (Key Performance Indicators) between the
Board of Directors and Board of Commissioners with Shareholders for 2019.
Resolution
To approve and ratify the Management Contract (Key Performance Indicators) between the PT
Angkasa Pura I (Persero) Board of Directors and Board of Commissioners with Shareholders for
2019, which refers to the Assessment Criteria for Performance Excellence (KPKU) and Minister of
SOE Letter No. S-564/MBU/08/2018 dated August 30, 2018 concerning Submission of Shareholders/
Owners’ Aspirations for Compilation of the Company Work Plan and Budget for the Financial Year
2019.
Agenda Item 4
Approval and Ratification of Key Performance Indicators between the
Board of Commissioners and Shareholders for 2019.
Resolution
To approve and ratify the Key Performance Indicators Contract for 2019 between the Board of
Commissioners and Shareholders, which refers to Minister of SOE Regulation No. PER-01/MBU/2011
jo. No. PER-09/MBU/2012 dated July 6, 2012 concerning Amendment to Minister of SOE Regulation
No. PER-01/MBU/2011 concerning the Implementation of Good Corporate Governance (GCG)
Principles at SOEs.
Agenda Item 5
Determination of Operational Aspect Indicators for 2019.
Resolution
To approve and ratify the determined Operational Aspect Indicators for assessing the Soundness
Level of PT Angkasa Pura I (Persero) in 2019, as proposed by the Board of Commissioners.
Agenda Item 6
Approval for the Issuance of Bonds/Sukuk and/or Bank/Non-Bank Loans.
Resolution
To approve the Issuance of Bonds/Sukuk and/or Bank/Non-Bank Loans amounting to Rp 13 trillion,
under the following provisions:
a. Comply with all applicable regulations and provisions on issuance of bonds/sukuk and bank/
non-bank loans, and with due regard to the principles of good corporate governance;

b. The plan execution should be carried out in a prudent manner, and to mitigate any potential
risks with respect to the legal, operational and financial aspects of the company.
c. Issuance of bonds/sukuk should consider the factors of timing and tenor with respect to funding
requirements;
d. The Board of Commissioners is requested to supervise, evaluate and monitor the issuance of
bonds/ sukuk and Bank/Non-Bank loans on a regular basis, considering that its value is highly
material for the company
e. Approval for the issuance of bonds/sukuk and Bank/Non-Bank loans is for a period of 1 (one) year
from the date of resolution.
Agenda Item 7
Approval for Delegation of Authority.
Resolution
To approve the delegation of authority to:
a. Board of Directors to make changes and reallocate program/activity budgets within an
investment group to a maximum of 10% of the total investment value in 2019
b. Board of Commissioners to approve changes with respect to addition/removal of programs/
activities between investment groups to a maximum of 10% of total investment in 2019 without
changing the total investment value.
Directives from GMS on Company Work Plan and Budget for the Financial Year 2019 and Follow-Ups
No Directive Follow-Up
1. The Company Work Plan & Budget (RKAP), In implementing work programs and performance targets for
Partnership and Community Development 2019, the Board of Directors was guided by RKAP, RKA-PKBL,
Program Work Plan & Budget (RKA-PKBL), RKA of Board of Commissioners and KPI (Key Performance
Board of Commissioners Work Plan & Indicator) of the Board of Commissioners in 2018 which has been
Budget and Board of Commissioners’ KPI approved and ratified by the General Meeting of Shareholders
for 2018 which have been approved and (GMS) as well as suggestions and recommendations of the
ratified by the GMS, as well as suggestions Board of Commissioners in the implementation of the 2018
and recommendations of the Board of RKAP as submitted by the Board of Commissioners Response
Commissioners in executing the Company Letter No. 76/DK.AP.1/2018 dated December 18, 2018 and reported
Work Plan & Budget for the Financial Year periodically to shareholders in a timely manner.
2018 as stated in the Board of Commissioners’
Response Letter No. 76/DK.AP.1/2018 dated
December 18, 2018, are an integral part of the
Minutes of the GMS Resolutions and serve
as guidelines for the Board of Directors in
carrying out the work program and achieving
performance targets in 2018, and a means of
monitoring and supervision for the Board of
Commissioners.
2. Under the Board of Commissioners’ supervision, the Board of Directors is tasked to:
a. Cascade & deploy the Company’s RKAP and The Board of Directors has prepared cascading and deployment
KPI targets down to lower level officials/ of RKAP and Corporate targets according to the direction of the
employees, regional offices, branches and GMS
work units, including subsidiaries
b. Implement the Company Work Plan & Budget Conduct an early warning for the realization of the RKAP so that
in an effective and cost efficient manner; to the targets in the RKAP can be achieved.
work earnestly and do the best in achieving
established targets to advance the company
in accordance with the prevailing laws and
regulations ,as well as pay due regard to the
principles of GCG and professionalism

c. Conduct a synergy with other Have conducted a synergy with other SOEs following the RKAP targets
SOEs to achieve RKAP targets and and actively participated in supporting the SOE consolidation policy with
actively support the policy of SOE due regard to the principles of GCG and risk management
consolidation, with due regard
to the principles of GCG and risk
management
d. Pay attention to the large Even though there was a decrease in traffic due to an increase in airplane
investment involved, and conduct tickets, PT Angkasa Pura I (Persero) remained committed to support the
efforts towards its achievement to National Development and National Strategic Projects.
deliver improvements in company
performance, service quality to PT Angkasa Pura I (Persero) also implemented strategic policies related to
airport users, aviation safety and investment as follows:
security, and the National Strategic • Cost and Risk Management strategy is the strategy in investing
Project. The implementation of selectively by focusing on cost efficiency, risk management,
investment program requires more and implementation by the principles of World Class Company
careful planning and preparation Management and Good Corporate Governance.
so that the risk of failures can be • Standards for operating costs have been established so as to improve
minimized
efficiency in the process of work tenders.
• Reengineering of Angkasa Pura I Data Network Infrastructure,
intended as a network upgrade at the airport to support business
operations and as the central infrastructure supporting the digital
monetizing business at the airport, is currently in the preparatory
stages of procurement,
• Predictive Analytics aimed to improve decision-making capabilities
at the top management level was already in the stage of user
requirement gathering through the design thinking event held in Bali
on 03/03/2020.
• AOCS as an ACDM (Airport Collaborative Decision Making) supporting
facility in the Airport operational process, which is currently in the
preparation stage of procurement documents after a standardization
process has been carried out by AOCS planning consultants
Operation of YIA, BDJ, PKP-PK Foam Tender Type 1 vehicles at five airports,
Overlay MDC, KOE, BDJ, Commencement of construction of UPG, T1 SUB
and signed by Sentani KPBU-PKS.
e. In an attempt to support the • The Remuneration System has adopted the 3P pattern, namely, Pay
company’s operations and for Person, Pay for Position, and Pay for Performance as stipulated in
development, the Board of the Decree of the Board of Directors Number: KEP.193 / KP.10 / 2017/DU
Directors is requested to continue to dated November 1, 2017. Pay for Person is provided in the form of Basic
improve the quality of professional salary, Pay for Position is provided in the form of Position Allowance,
human resources and implement Transport/Mobility Allowance, and Pay for Performance is provided in
objective reward & punishment the form of Merit/Performance Incentives.
mechanisms and performance- • The reward mechanism has been carried out objectively by providing
based remuneration systems that bonuses to employees in 2018 and 2019 by taking into account
can boost employee productivity the achievement of Performance Management System (PMS)
achievements of respective employee and KPI of respective workplace.
• The punishment mechanism has also been carried out objectively
by applying the Employee Discipline rules contained in the Decree
of the Board of Directors Number: KEP.81/KP.14/2018/DU regarding
Employee Discipline and Collective Labor Agreement (CLA) Article 98
to Article 138.
f. Improve coordination with related I. Transfer of Navigational Equipment - Phase II:

agencies to expedite the resolution of A Report of the Financial and Development Supervisory Agency has
problems regarding company assets, been published on the Evaluation Results of the Imposition of Rental
including the transfer of navigational Costs for Land and Building Utilization for the Implementation and
assets to Perum LPPNPI Placement of Navigation Assets Number LHE-136/D402/1/2019 dated
December 6, 2019, which has been submitted to the Ministry of SOEs
and awaited further decision from the Ministry of SOE.
(Reff: Minutes of Meeting Discussion of the Phase II Transferring

Progress of the Operating Assets Number RIS-6/D5.MBU.2/07/2019
dated July 16, 2019)

f. Improve coordination with related II. Transfer of Navigational Equipment - BPYBDS:

agencies to expedite the resolution of Government Regulation Draft (RPP) Harmonization: Government
problems regarding company assets, Regulation Draft (RPP) Clarification meeting was held on the Addition
including the transfer of navigational of State Capital Investment of the Republic of Indonesia into the
assets to Perum LPPNPI . Capital of Perum LPPNPI on March 6, 2020 at the Ministry of State
Secretariat chaired by the Deputy for Legal Affairs and Legislation,
with the results of the meeting that the RPP shall be returned to the
Ministry of Finance to be re-evaluated for the difference in the value
of BPKP review result and the value of BAST PMN for Juanda Airport -
Surabaya.
g. Continue to supervise and develop To increase the value creation of the Subsidiary, PT Angkasa Pura I (Persero)
subsidiary and implement good has guided the Subsidiary through strategic directives in accordance
subsidiary governance mechanisms, with the long-term development direction of the company to achieve
so as to increase company value and targets and improve performance both financially and operationally, has
for their operations to contribute to conducted an analysis on the performance of the Subsidiary and has
the parent company’s performance. provided suggestions and guidelines for corrective actions to improve
business performance.
3. In an attempt to develop business and improve the company value, the company shall:
a. Conduct business development on 1. As of January 1, 2020, PT Angkasa Pura I (Persero) has officially
airport management either through managed the Sentani Airport in Jayapura through a collaborative
Government appointment or tender scheme to utilize state-owned goods (BMN) with the Indonesian
process, both at home and abroad Ministry of Transportation. As for now, PT Angkasa Pura I is focusing
on carrying out the transfer of airport operations, managing existing
businesses and realizing investment obligations before developing
other non-organic businesses.
2. PT Angkasa Pura I (Persero) has qualified as a participant in the
KPBU selection process of Hang Nadim Airport - Batam. During the
selection, PT Angkasa Pura I (Persero) has collaborated with Incheon
International Airport Corporation and PT Wijaya Karya (Persero) by
signing a consortium agreement. The KPBU selection process is
currently in the RFP stage.
3. On January 13, 2020, a Cooperation Agreement was signed between
PT Angkasa Pura I (Persero) (AP1) and Incheon International Airport
Corporation (IIAC) concerning the Placement of AP1 Human Resources
in Terminal 4 of Kuwait Airport. This cooperation requires AP1 to place
several of its employees to manage Kuwait Airport together with
IIAC. HR will be placed in the security sector, operational sector and
commercial sector.
b. Enter into global cooperation and/or PT Angkasa Pura I (Persero) will immediately carry out a selection
strategic investment partnerships process for the strategic partners for development and management of
the Lombok International Airport - Praya. Currently, PT Angkasa Pura I
(Persero) has completed a feasibility study and selection document and
has received a written response from the Board of Commissioners and
shareholder support to carry out the selection process.
c. Conduct non-organic business Currently, PT Angkasa Pura I has strived to develop business through
development in potential business cooperation in the utilization of idle lands/assets in an effort to create
fields by applying the principles of new business through comprehensive studies and take into account the
prudence and risk management principles of prudence and risk management so that it is expected to
create potential and feasible business so as to provide added value to the
company. The cooperation plan on the utilization for idle lands/assets that
are currently being pursued includes:
1. Cooperation Plan for the land utilization of Sunset Road Bali with an
area of 16,385 m² for the development of the LRT Integrated area;
2. Cooperation Plan for the land utilization of Kelan bay Bali for the
development of cottages and premium Factory Outlet;
3. Cooperation Plan for the utilization of Ex-Old Terminal and Ex-Airport
Hotel Balikpapan for the development of the integrated Airport Hotel
and MICE business;

c. Conduct non-organic business 4. Cooperation Plan for the utilization of Ex Old Terminal of Selaparang
development in potential business Airport in Mataram in the form of One Stop Entertainment &
fields by applying the principles of Recreation Indoor & Outdoor business development with a form of
prudence and risk management. promotion as Selaparang AERO Xperience;
5. Cooperation Plan for the land utilization of Airport City YIA in the form
of MICE, Hotel, Retail, Offices, Logistics, Residential development;
6. Cooperation Plan for the land utilization of Demangan and Babarsari
Yogyakarta;
7. Cooperation Plan for the land utilization of Cendrawasih Banjarmasin;
8. Cooperation Plan for the land utilization of Semambung Surabaya in
the form of development of Bonded Logistic Center (PLB) Warehouse
Area.
PT Angkasa Pura I (Persero) has planned commercial and operational

development cooperation at I Gusti Ngurah Rai Airport - Bali (Bali Phase II).
The current progress indicates that the feasibility study has been finalized
by taking account the principles of prudence and risk management so
that it is expected to create potential and feasible business to provide
added value to the company. In line with this, a selection document draft
has been prepared to look for strategic partners. The cooperation plan
states that AP I is assisted by strategic partners to carry out commercial
and operational development through I Gusti Ngurah Rai Airport, Bali.
d. Structure the business portfolio To increase the value creation of the subsidiaries, PT Angkasa Pura I
of subsidiaries and/or Affiliated (Persero) has a strategic directives in accordance with the long-term
Companies to run more integrated development direction of the company in order to achieve targets and
and profitable businesses. improve performance both financially and operationally, has conducted
an analysis on the performance of the subsidiaries and has provided
suggestions and guidance on corrective actions to improve business
performance.
4. In an attempt to better manage systematic talent management functions, ensure availability and readiness of
talents for Sustainable Growth of SOEs, maintain accountability and transparency in the selection of candidates
for SOE Directors, and increase the attractiveness of SOEs in retaining and/or developing the best existing talents,
the Board of Directors is tasked to support and commit to:
a. Organize the talent management - AP1 has a Board of Directors Decree on Employee Career Patterns
system while preparing company which regulates employee career development patterns, job
talent to be part of the Ministry of requirements, succession planning, and talent mobility.
SOEs talent pool. - The policy shall be integrated with information systems that adopt
the principles of GCG (Transparency, Accountability, Responsibility,
Independence and Fairness) to facilitate employees in managing
their career patterns while serving as Company Employees.
- In preparing the Company’s talent, AP1 has conducted a tiered
competency assessment in accordance with the level of position that
refers to the competency dictionary of the Ministry of SOEs and the
Company by using one of the Assessment Institutions recommended
by the Ministry of SOEs.
b. Prepare talent pool in respective SOE In 2019, AP1 registered 28% prospective BOD-1 or 14 out of 50 total organic
of at least 20%. employees occupying BOD-1 positions in the Company .
c. Prepare candidates for Board of In 2019, AP1 registered 3 candidates for the Board of Directors successors
Directors from officials one level from officials one level below the Board of Directors (BOD-1).
below Board of Directors (BOD-1) of
3 candidates per BOD position.

5. In accordance with Minister of SOE Has been budgeted in the 2019 RKAP in accordance with GMS directives,
Regulation No. PER-01/MBU/06/2017 for the realization of income of the Board of Directors and Board of
dated June 19, 2017 concerning Commissioners based on the Letter of the Minister of State Owned-
Guidelines for Determination of Enterprises No. S-452/MBU/D5/05/2019 dated May 31, 2019.
Remuneration of Board of Directors,
Board of Commissioners and
SOE Supervisory Board, Bonuses/
Performance Incentives are costs
that must be specifically budgeted
in the Company Work Plan & Budget
2019 and its realization is subject to
achievement of 2019 performance
targets as decided in the annual
GMS.
6. In the framework of the partnership and community development program of SOE with small businesses, the
following issues need to be considered:
a. To submit timely periodic reports PT Angkasa Pura I (Persero) has submitted periodic reports in a timely
before the deadline as specified in manner according to Minister of SOE Regulation Number: PER-09/
Minister of SOE Regulation No. PER- MBU/07/2015 on July 3, 2015
09/MBU/07/2015 dated July 3, 2015
and amended under Minister of SOE
Regulation No. PER-02/MBU/7/2017
July 5, 2017 concerning Partnership
and Community Development
Program.
b. The implementation of the In the implementation of the 2019 PKBL program, PT Angkasa Pura I
Partnership and Community (Persero) has realized the program in accordance with RKA PKBL 2019.
Development Program shall adhere
to the PT Angkasa Pura I (Persero)
Partnership and Community
Development Program Work Plan &
Budget (RKA-PKBL) 2019
7. On the unresolved findings of • KAP:

auditors (BPK, BPKP, KAP, and SPI), Internal Control and compliance with the Laws and Regulations have
the Board of Directors is requested to been completed in the same year at the time of the KAP Audit.
prioritize and encourage resolution
by establishing clear timelines and • BPK:
responsible persons. The function BPK have not been completed the audit and is currently in the
and role of the SPI shall be optimized process of follow-up completion, considering that the settlement
to assist in resolving the findings, efforts involve the decisions of external parties (TNI AL, DG Binamarga
and to detect and prevent violations and International Airlines)
early in the process.
• Follow up of SPI Findings:
Based on the recommendation of SPI, the Branch Office updates the
follow-up by submitting financial statement every 5th of the month
followed by verification by respective Auditor.
At present, the function and role of the Internal Audit Unit (SPI) as
consultant audit have been carried out to provide added value and improve
the organization governance processes.

Implementation of General Meeting of of the Annual Report and Ratification of the

Shareholders to Approve the Annual Company’s Financial Statements for the Financial
Report and Ratify the Company’s Year 2018 was circulated to Shareholders through
Financial Statements for the Financial Letter No. AP.1.3931/KU.01.03/2019/DU on May 17,
Year 2018 and its Realization 2019. All members of the Board of Commissioners
PT Angkasa Pura I (Persero) organized a GMS on May and Board of Directors attended the General
20, 2019 with the main agenda item to Approve the Meeting of Shareholder. The resolutions of the
Annual Report and Ratify the Company’s Financial GMS were submitted to Shareholders through the
Statements for the Financial Year 2018. The GMS website www.silaba.bumn.go.id on 29 Maret 2019.
was held at the Ministry of SOEs, 13th Floor Meeting The GMS minutes have also been posted on the
Room, Jalan Medan Merdeka Selatan No. 13 Central Company website (www.ap1.co.id).
Jakarta. Invitation to the GMS regarding Approval
Resolutions of General Meeting of Shareholders to Approve the Annual Report and Ratify the
Company’s Financial Statements for the Financial Year 2018 and its Realization
Agenda Item 1
Approval of the Annual Report and Ratification of the Consolidated Financial Statements of the
Company for the Financial Year 2018, Approval of the Report of the Supervision of the Board of
Commissioners, and Grant Full Release and Discharge (volledig acquit et decharge) to the Board
of Directors on the Management of the Company and Board of Commissioners for the Supervision
during Financial Year 2018.
Resolutions
To Approve the Annual Report and Ratify the Consolidated Financial Statements of the Company
for the Financial Year 2018 and to Approve the Supervision Report of Board of Commissioners for
the Financial Year 2018 as audited by the Public Accounting Firm Purwantono, Sungkoro and Surja,
with the following points:
a. Consolidated Profit and Loss Statement
Description million rupiah
Operating Income 8.521.087,31
Operating Expenses 5.604.292,59
Business Income 2.916.794,72
Non-Operating Income (Others) 93.733,02
Income Before Tax 2.823.061,70
Income Tax 817.143,54
Net Profit for the Year 2.005.918,16
Other Comprehensive Income (71.104,03)
Total Comprehensive Income for the Year 1.934.814,13
Profit Attributable to
Owners of Parent Entity 2.007.018,32
Non-Controlling Interest (1.100,16)

b. Statement of Financial Position
Assets
Current Assets 5.115.606,41
Non-Current Assets 26.439.309,21
Total Assets 31.608.915,62
Current Liabilities 7.614.989,55
Non-Current Liabilities 8.941.701,40
Equity 15.052.224,67
Total Liabilities and Equity 31.608.915,62
c. Company Performance Level
Soundness Level Healthy (AA), Score of 90.50
KPI Score 113,06
Agenda Item 2
To Approve and Ratify the Partnership and Community Development Program 2018 Report which
was audited by the Public Accounting Firm Purwantono, Sungkoro & Surja on March 20, 2019
and to grant release and discharge (volledig acquit et de charge) to the Board of Directors and
Board of Commissioners for its management and supervision of the Partnership and Community
Development Program FY 2018.
Resolution
a. Statement of Financial Position
Assets
Current Assets
Cash and Bank 262,96
Loan receivables from assisted partners 48.039,10
Receivables from loans administration 300,62
Non-current assets
Net fixed assets 1.803,92
Total Assets 50.406,60
Liabilities and Net Assets
Current Liabilities 492,74
Net Assets 49.913,86
Net Liabilities and Assets 50.406,60

b. Activity Report
Income from receivables administration 3.350,15
Interest income 77,42
Total Income 3.427,56
Disbursement of community development funds 3.131,13
Administrative and general expenses 11,58
Depreciation of fixed assets 580,34
Allowance for Impairment Loss on Receivables 5.249,15
Total Expenses 8.927,21
Decrease in Unrestricted Net Assets in Current Year (5.544,65)
Net Assets at Beginning of Year 55.458,50
Net Assets at End of Year 49.913,86
c. Disbursement Effectiveness Rate: 99.03% (Score of 3)

d. Accounts Receivable Collectability Level: 65% (Score of 2)
Status: Realized
Agenda Item 3
Determination of the use of consolidated net profit attributable to the Owners of Parent Entity in
the Financial Year 2018.
Resolution
To determine the use of the Company’s Net Profit for the Financial Year 2018 amounting to
2,007,018,315,308 as follows:
• Dividend ammonted to Rp 461,614,212,520.84 or 23%
• Reserve ammounted to Rp 1,545,404,102,787.16 or 77%
Status: Realized
Agenda Item 4
Determination of Salary/Honorarium along with other facilities and allowances for members of the
Board of Directors and Board of Commissioners of the Company for the Financial Year 2019, and
bonuses for members of Board of Directors and Board of Commissioners over their performance
during the Financial Year 2018.
Resolution
The amount of salary/honorarium along with facilities and other benefits in 2019 and bonuses in
the Financial Year 2018 for members of the Board of Directors and Board of Commissioners of PT
Angkasa Pura I (Persero) shall be determined separately.
Status: Realized
Agenda Item 5
Appointment of the Public Accounting Firm (KAP) to audit the Company’s Financial Statements and
the Financial Report of the Partnership and Community Development Program for the Financial
Year 2019.

Resolution
a. Reappoint the Public Accounting Firm of Purwantono, Sungkoro & Surja (Ernst & Young) as the
auditor to audit the Company’s Consolidated Financial Statements and the Financial Statements
of the Partnership and Community Development Program for Financial Year 2019
b. Delegate authority to the Board of Commissioners to determine the appropriate fees for audit
services and other appointment requirements for the public accounting firm
Status: Realized
Directives of AGM to Approve the Annual Report and Ratify the Company’s Financial Statements
for Financial Year 2018 and Its Follow-Up
1. All findings, notes and suggestions/ • KAP:

recommendations from the Auditors (KAP Internal Control and compliance with Laws and Regulations
and BPK-RI) in 2018 and previous years that for the Financial Year 2018 have been completed in the same
have not been completed shall be prioritized year at the time of the KAP Audit.
and completely followed up by the Board of • BPK:
Directors in 2019. Findings and recommendations of BPK have not been
completed and are currently in the process of completing
the follow-up.
2. The Board of Directors is requested to submit Has submitted the financial statement and financial statement
the Company Financial Statement and of the company’s PKBL for the Fiscal Year 2019 on February 29,
Financial Statement of PKBL for Financial Year 2020, through the Portal, and was in accordance with the target
2019 as audited by the Public Accounting Firm of submitting the financial statements based on confirmation
to the Minister of SOEs, no later than February with the Ministry of SOEs.
15, 2020.
3. To support the government policy of The Board of Directors has conducted internal socialization
establishing a holding SOE entity on Aviation and formed a special team to handle the preparation of the
Facilities and Infrastructure, the Board of establishment of holding SOE for the smooth preparation
Directors is requested to internally disseminate process for the establishment of holding SOE.
information and conduct other preparatory
measures to ensure a smooth implementation
process.
4. Related to the application of Statements of Management has carried out an analysis and mitigation of risks
Financial Accounting Standards (PSAK) 71, to the business and financial statements of the company by
72, and 73 effective from January 1, 2020, the appointing an assisting consultant in the implementation of
Board of Directors is requested to carry out PSAK 71.72, and 73.
early preparations and analyze and mitigate
their impacts on the company’s business and
financial statements.
5. In order to support the Government in realizing The Board of Directors has prioritized the implementation of
National Strategic Projects and improving airport construction in accordance with the target with due
connectivity, the Board of Directors under the regard to applicable regulations.
supervision of the Board of Commissioners
is required to focus and prioritize the
implementation of airport construction in
accordance with the target with due regard to
applicable regulations.
6. By taking into account the investment PT Angkasa Pura I (Persero) has conducted an evaluation for the
outcomes in 2018, the Board of Directors enhancement and improvement the investment program in
is requested to evaluate the obstacles and 2019, including:
problems faced for the improvement and 1. Non-binding auction
enhancement, so that the investment 2. Accelerating the implementation of the physical realization
program in 2019 can be achieved. of the multiyears program in the previous year.
7. Kinerja anak perusahaan agar terus Pada tahun 2019, Anak Perusahaan memberikan kontribusi
dioptimalkan sehingga dapat meningkatkan laba sebesar Rp146.000.000.000 kepada Angkasa Pura I Group
nilai perusahaan serta memberikan kontribusi dan Anak Perusahaan telah menunjang bisnis Induk antara lain
serta menunjang kinerja dan bisnis induk. dengan berkontribusi dalam pencapaian CSI (Customer

Directives of AGM to Approve the Annual Report and Ratify the Company’s Financial Statements
for Financial Year 2018 and Its Follow-Up
No Arahan Tindak Lanjut
Satisfaction Index) di bandara – bandara PT Angkasa Pura I

(Persero), mendukung operasional bandara – bandara baru dan
bandara eksisting serta mengembangkan pasar di luar Angkasa
Pura I Group.
8. Proactively coordinate with related institutions PT Angkasa Pura I (Persero) has coordinated and consulted
to resolve the company assets issues related to intensely with relevant technical agencies to resolve the
third parties. problems of company assets related to third parties,
including the Ministry of SOEs, Ministry of Finance, Ministry
of Transportation, Ministry of ATR/BPN, BPKP, Kejari/Kejati,
Secretariat of Vice President (Setwapres), Regional Office/Land
Office of BPN.
9. The Board of Directors is requested to continue The Board of Directors has strived to improve company
to strive to improve company performance, performance, among others through revenue enhancement
among others through creation of an effective measures, effective and productive modern organizational
and productive modern organizational culture, culture, improvement of professional human resources quality
to improve the quality of professional human and prioritizing service excellence in airport management in
resources and promote service excellence accordance with international standards.
in managing airports in accordance with
international standards.
10. The function and role of the SPI shall be To monitor the follow-up of findings from respective Branch
further optimized in monitoring and following Office, the Company submittted regular follow-up updates
up audit findings and in building an early from the Branch Office every 5th of the month, which were
warning system, so that violations/ fraud can then verified by respective Auditor. The early warning system
be prevented or detected early. was realized through the provision of consulting services by SPI
in 2019 with a separate consultation function from Operational
Audit and Audit with Specific Purposes.
11. To improve the quality of supervision and PT Angkasa Pura I (Persero) has filled and updated data on the
training of SOEs, the Board of Directors is Silaba, Assets, HR, PKBL web portals, and Public web portal in an
requested to fill and update data on the Silaba, accurate and timely manner.
Assets, HR, and PKBL web portals as well
as the public web portal in an accurate and
timely manner.
12. The Financial Report, PKBL Implementation Financial Statements, PKBL Implementation Report,
Report, Performance Evaluation Report, Performance Evaluation Report, Compliance Report on
Compliance Report on Laws and Regulations Laws and Regulations and Internal Control, Key Performance
and Internal Control, Key Performance Indicator Assessment Report (KPI) audited by KAP, Minutes
Indicator Assessment Report audited by of Meeting to Discuss the Partnership and Community
Public Accounting Firm, Minutes of Meeting Development Program Report 2018 and responses of Board of
to Discuss the Partnership and Community Commissioners are an integral part of the Minutes of Meeting.
Development Program Report 2018 and
responses of Board of Commissioners are an
integral part of the Minutes of Meeting.
13. In carrying out the company’s operational In carrying out the company’s operational activities, the
activities, the Board of Directors and all ranks Board of Directors and all ranks have been guided by the
are requested to always be guided by prevailing prevailing laws and regulations and have consistently applied
laws and regulations and to consistently apply the principles of Good Corporate Governance. This is in
the principles of Good Corporate Governance . accordance with the Circular Letter of the Board of Directors
of PT Angkasa Pura I (Persero) According to Circular Letter
Number ED.32/OM.04/2019/DU concerning Instructions for the
Implementation of Good Corporate Governance Principles in

Implementation of GMS on Company Work was circulated to Shareholders through Letter

Plan & Budget for Financial Year 2018 and No. AP.I.95/KU.01.03/2018 dated January 8, 2018.
its Realization All members of the Board of Commissioners and
On January 10, 2018, the GMS on Company Work Board of Directors attended the GMS on Company
Plan & Budget (RUPS RKAP) for Financial Year 2018 Work Plan and Budget 2018. Shareholders were
was held at the Office of Ministry of SOEs, 9th Floor able to see the outcomes of GMS resolutions on
Meeting Room, Jalan Medan Merdeka Selatan No. the website www.silaba.bumn.go.id beginning
13 Central Jakarta. Invitation to attend the GMS February 1, 2018. The GMS minutes have also been
on Company Work Plan and Budget (RKAP) 2018 posted on the Company website (www.ap1.co.id).
Resolutions of GMS on Company Work Plan & Budget Financial Year 2018
Agenda Item 1
Ratification of the Company Work Plan and Budget (RKAP) for Financial Year 2018.
Resolutions
To ratify the Company Work Plan & Budget for Financial Year 2018 with the following points:
a. Consolidated Financial Statement
The Consolidated Financial Statement of PT Angkasa Pura I (Persero) for Financial Year 2018
was targeted to have Total Assets amounting to Rp 38,712,753 million or an increase of 55.4%
from the 2017 prognosis, with details as follows:
Assets
Current Assets Rp 3.889.066 million
Non-Current Assets Rp 34.823.687 million
Total Assets Rp 38.712.753 million
Current Liabilities Rp 2.880.142 million
Non-Current Liabilities Rp 21.464.765 million
Equity Rp 14.367.846 million
Total Liabilities and Equity Rp 38.712.753 million
b. Consolidated Profit and Loss Statement

The Consolidated Profit and Loss of PT Angkasa Pura I (Persero) for FY 2018 was targeted to
have Attributable Profit of Rp 1,565,180 million or an increase of 19.1% of the 2017 prognosis, with
the following detailed calculations:
Revenue Rp 8.560.498 million
Operating Expenses Rp (6.188.761) million
Business Profit (Loss) Rp 2.371.737 million
Other Income (Expenses) Rp (296.712) million
Share in Profit of Associates Rp (3.500) million
Profit (Loss) Before Tax Rp 2.071.525 million
Income Tax Rp (504.193) million
Net Profit (Loss) of Current Year Rp 1.567.332 million
Non-Controlling Interest Rp (2.152) million
Attributable Profit (Loss) Rp 1.565.180 million

c. Investment
Operational Rp 3.959.961 million
Development Rp 14.841.814 million
Total Rp 18.801.775 million
d. Human Resources
Core Employees : 3.531 persons
Outsourced Employees : 5.643 persons
Total : 9.174 persons

e. Corporate Soundness Level
The targeted soundness level score of the Company Work Plan & Budget (RKAP) 2018
according to calculations based on Minister of SOE Decree No. KEP-100/MBI/2002 is 92.0 or
Category of AA (Healthy).
f. RKA of Board of Commissioners

To ratify the Board of Commissioners’ Work Plan & Budget as stated in RKAP 2018 book of PT
Status: Realized
Agenda Item 2
and Community Development Program (RKA-PKBL) for Financial Year 2018.
Resolution
To ratify the Work Plan and Budget for the Partnership and Community Development Program in
2018, as follows:
a. Partnership Program
Opening Balance Rp 0 million

Loan Repayments by Assisted Partners Rp 26.098 million
Revenue from Loan Administration Rp 4.836 million
Other Revenue Rp 81 million
Other Income Rp 0 million
Expenses Allocation from Fostering SOE Rp 0 million
Total of Available Services Rp 31.016 million
Disbursement of Fund and Operational Cost
Loan Disbursement to Assisted Partners Rp 27.031 million
Disbursement through other Fostering SOEs Rp 0 million
Disbursement of MB Development Funds (Grant) Rp 3.984 million
Total Disbursement of Funds and Operational Costs Rp 31.016 million
Fund Balance per 31 December Rp 0 million

b. Community Development Program
Available Funds
Opening Balance Rp 0 million
Expenses Allocation of the Company Rp 34.764 million
Disbursement of Community Development Funds Rp 34.764 million
Fund Balance per 31 December Rp 0 million
Status: Realized
Agenda Item 3
Approval and Ratification of the Management Contract (Key Performance Indicator)
between the Board of Directors and the Board of Commissioners with Shareholders for 2018.
Resolution
To approve and ratify the Management Contract (Key Performance Indicators) for 2018 between the
Board of Directors and Board of Commissioners of PT Angkasa Pura I (Persero) with Shareholders,
which refers to the Assessment Criteria for Performance Excellence (KPKU) and Minister of SOE
Letter No. S-487/MBU/08/2017 dated August 31, 2017 concerning Submission of Shareholders/
Owners’ Aspirations for Compilation of the Company Work Plan and Budget Financial Year 2018.
Status: Realized
Agenda Item 4
Approval and Ratification of Management Contract on Key Performance Indicators
between the Board of Commissioners and Shareholders for 2018.
Resolution
To approve and ratify the Key Performance Indicators for 2018 between the Board of Commissioners
and Shareholders of PT Angkasa Pura I (Persero), which refers to the Minister of SOE Regulation No.
PER-01/MBU/2011 jo. No. PER-09/MBU/2012 dated July 6, 2012 concerning Amendment to Minister of
SOE Regulation No. PER-01/MBU/2011 concerning Implementation of Good Corporate Governance
Principles at SOEs.
Status: Realized
Agenda Item 5
Determination of Operational Aspect Indicators for the
Calculation of Soundness Level for 2019.
Resolution
To approve and ratify the determined Operational Aspect Indicators for the Assessment of Soundness
Level of PT Angkasa Pura I (Persero) for 2019, as proposed by the Board of Commissioners.
Status: Realized
Agenda Keenam
Issuance of Bonds and/or Bank/Non-Bank Loans amounted to Rp 13.5 trillion.
Resolution
To approve the Issuance of Bonds and/or Bank/Non-Bank Loans amounting to Rp 13.5 trillion with
the following provisions:

a. Comply with all applicable regulations and provisions on issuance of bonds and Bank/Non-Bank
loans, and with due regard to the principles of Good Corporate Governance.
b. The plan execution shall be carried out in a prudent manner, and to mitigate any potential risks
with respect to the legal, operational and financial aspects of the company.
c. Issuance of bonds shall consider the factors of appropriate timing and tenor as well as taking
into account potential risks, especially default risk.
d. The Board of Commissioners shall supervise, evaluate and monitor the issuance of bonds and
Bank/Non-Bank loans on a regular basis, considering that its value is highly material for the
Company.
e. Approval for the issuance of bonds and Bank/Non-Bank loans is for a period of 1 (one) year from
the date of resolution.
Status: Realized
Agenda Item 7
Approval of delegation of authority to the Board of Commissioners to make changes and reallocate
program/activity budgets including changes with respect to addition/removal of investment
programs/activities to a maximum of 10% of total investment in 2018 without changing the total
investment value.
Resolution
To approve the delegation of authority to:
a. Board of Directors to make changes and reallocate budgets between investment programs/
activities to a maximum of 10%.
b. Board of Commissioners to approve changes with respect to addition/removal of programs/
activities between investment groups to a maximum of 10% of total investment in 2018 without
changing the total investment value.
Status: Realized
Directives of GMS on Company Work Plan and Budget for Financial Year 2018 and Its Follow-Up
1. RKAP Book, RKA-PKBL, RKA of Board RKAP Book, RKA-PKBL, RKA of Board of Commissioners and
of Commissioners and KPI of Board of KPI of Board of Commissioners for 2018 which have been
Commissioners for 2018 which have been approved and ratified by the GMS, as well as suggestions and
approved and ratified by the GMS, as well as recommendations of the Board of Commissioners in executing
suggestions and recommendations of the RKAP for 2018 as stated in the Response Letter of Board of
Board of Commissioners in executing the Commissioners No. 01/DK.AP.1/2018 dated January 8, 2018, are
RKAP for 2018 as stated in Response Letter of an integral part of the Minutes of the GMS Resolutions and
Board of Commissioners No. 01/DK.AP.1/2018 serve as guidelines for the Board of Directors in carrying out the
dated January 8, 2018, are an integral part of work program and performance targets in 2018, and a means of
the Minutes of the GMS Resolutions and serve monitoring and supervision for the Board of Commissioners.
as guidelines for the Board of Directors in
carrying out the work program and achieving
performance targets in 2018, and a means of
monitoring and supervision for the Board of
Commissioners.

2. Under the supervision of Board of a. Board of Directors of PT Angkasa Pura I (Persero) has always
Commissioners, the Board of Directors is strived to develop synergies between SOEs in accordance
tasked to: with the targets by upholding GCG principles.
a. Develop synergies between SOEs realized b. Board of Directors of PT Angkasa Pura I (Persero) have
in accordance with the targets with due paid attention to the realized investment to improve the
regard to GCG principles. Company’s performance, services to airport users and
b. Pay attention and strive to achieve aviation safety and security, and support the National
substantial investment value in order to Strategic Projects Program.
support the improvements in company c. Board of Directors of PT Angkasa Pura I (Persero) has
performance, services to airport users, prepared HR competency reqirements in accordance with
aviation safety and security, and the the direction of the Company’s future development.
National Strategic Projects Program.
d. Under the supervision of Board of Commissioners, Board of
c. Prepare HR competency requirements
Directors has strengthen coordination with related agencies
in accordance with the direction of the
to resolve issues concerning Company assets, namely:
Company’s future development.
- Juanda Airport-Surabaya: The Human Resources and
d. Strengthen coordination with related
agencies to resolve issues concerning General Affairs Director briefly explained the land assets
Company assets. issues at Juanda Airport-Surabaya to the Ministry of
e. Continue to supervise and develop the Agrarian Affairs and Spatial Planning/National Land
subsidiaries, so that corporate actions Agency (ATR/BPN) and the Ministry of SOEs in a
can improve the Company’s performance coordination meeting with Ministry Officials of ATR/
and provide optimal contribution to PT BPN in East Java Region related to Settlement of SOE
Angkasa Pura I (Persero). Assets dispute in East Java. The meeting took place on
December 21, 2018 in accordance with Ministry of SOEs
Invitation No. Und-39/07.MBU.4/12/2018, and followed
up by notifying the Director General of Land Acquisition
of ATR under Letter No. AP.I.626/HK.08.08/2019/
DP-B dated January 23, 2019 related to submission
of supporting data in the form of Minister of Finance
Decree of the Republic of Indonesia No. 592/ KM.6/2015
concerning Determination of Status of Utilization of
State-Owned Assets at the Ministry of Defense.
- Perum LPPNPI: a meeting was held to discuss the
imposition of rental rates for land and space to Perum
LPPNPI. PT Angkasa Pura I (Persero) was represented
by the Director of Services and Marketing together
with representatives of the Ministry of SOEs, Perum
LPPNPI and PT Angkasa Pura II (Persero). The Company
continues to supervise and develop its subsidiaries,
so that corporate actions can improve Company
performance and provide optimal contribution to its
development.
3. In order to better manage systematic talent a. PT Angkasa Pura I (Persero) has performed the function
management functions, ensure availability of talent management system to enter talent pool in the
and readiness of talents for Sustainable Ministry of SOE and prepared the candidates of Board of
Growth of SOEs, maintain accountability and Directors.
transparency in the selection of candidates for b. 7 (seven) members of Board of Directors of PT Angkasa Pura
SOE Directors, and increase the attractiveness I (Persero) or all members of Board of Directors have been
of SOEs in retaining and/or developing the registered to enter talent pool in the Ministry of SOE..
best existing talents, the Board of Directors is c. A total of 56 candidates for Board of Directors from BOD-1
tasked to support and commit to: have been prepared, and 17 candidates have been registered
a. Organize a talent management system or 30%. A total of 6 candidates have the minimum score of
while preparing the Company’s talent to
2.83. 39 candidates remain unregistered, while 11% have met
be part of the talent pool in Ministry of
the requirements.
SOEs.
b. Provide talent pool in all SOEs of at least
20%.
c. Prepare candidates for Board of Directors
from officials one level below (BOD-1), of 3
successors per BOD position.

4. Performance bonuses/incentives represent Has been budgeted in accordance with the directives of GMS.
a cost that must be specifically budgeted in
the RKAP 2018 and its realization is subject
to performance target achievement 2018 as
decided in the Annual GMS.
5. In order to implement the partnership and a. SOP for adjusting to the SOE Regulation is as follows:
community development program of SOE Board of Directors Decree of PT Angkasa Pura I (Persero) No.
with small businesses, the following issues KEP.239/KU.12/2017 dated December 20, 2017 concerning
need to be considered: Amendment to Board of Directors Decree of PT Angkasa Pura
a. a. The Board of Directors shall determine I (Persero) No. KEP.103/KU.12/2017 concerning Guidelines for
the SOP for executing the Partnership Partnership and Community Development Program of PT
and Community Development Program Angkasa Pura I (Persero).
to adhere to Minister of SOEs Regulation b. Implementation of all PKBL activities has been in accordance
No. PER-02/MBU/07/2017 concerning with the study of RKA 2018, except on collectibility
Second Amendment to Minister of SOEs achievement where the realization of collectibility in 2018
Regulation No. PER-09/MBU/07/2015 was 74.54% as against a target of 80% stated in the study.
concerning Partnership and Community
Development Program at SOEs.
b. In order to implement PKBL, attention
shall be paid to the study of RKA PKBL
2018 of PT Angkasa Pura I (Persero).
6. The findings, notes and recommendations The findings, notes and recommendations of the Board of
of the Board of Commissioners, Internal Commissioners, Internal Auditors and External Auditors of the
Auditors and External Auditors of the Financial Financial Statements in the previous year were followed up by
Statements in the previous year shall be the Board of Directors and submitted to the State Audit Board
followed up thoroughly by the Board of (BPK) for approval.
Directors in 2018.
Implementation of GMS to Approve the Board Directors attended the event upon receiving
Annual Report and Ratify the Company’s Invitation Letter No. AP.I.2495/KU.01.03/2018 dated
Financial Statements for Financial Year April 20, 2018 concerning the General Meeting
2017 and its Realization of Shareholders to Approve the Annual Report
In 2018, the GMS to Approve the Annual Report and Ratify the Company’s Financial Statements
and Ratify the Company’s Financial Statements for Financial Year 2017. On February 15, 2018, the
for Financial Year 2017 was held on April 24, 2018 GMS resolutions were submitted to Shareholders
at the Ministry of SOEs, 13th Floor Meeting Room, through the website www.silaba.bumn.go.id and
Jalan Medan Merdeka Selatan No. 13, Jakarta. All the GMS minutes were posted on the Company
members of the Board of Commissioners and website (www.ap1.co.id).
Resolutions of General Meeting of Shareholders to Approve the Annual Report and Ratify the
Company’s Financial Statements for Financial Year 2017
Agenda Item 1
Approval of the Annual Report and Ratification of the Company’s Financial Statements for
Financial Year 2017, Approval of the Supervisory Report of the Board of Commissioners and
Ratification of the Financial Statement of Partnership and Community Development Program for
Financial Year 2017 t, and Grant Release and Discharge (volledig acquit et decharge) to the Board
of Directors for the Management of the Company and Board of Commissioners for the Supervisory
Actions during Financial Year 2017.
Resolution
To Approve the Annual Report and Ratify the Company’s Financial Statements for Financial Year
2017, to Approve the Supervisory Report of Board of Commissioners, and to Ratify the Financial
Statement of Partnership and Community Development for Financial Year 2017 as audited by the
Public Accounting Firm Djoko, Sisik and Indra, with the following points:

a. Consolidated Profit and Loss Statement

Consolidated Net Profit for Financial Year 2017 amounted to Rp 1,420,353,052,438 with details of
profit as follows:
Operating Income Rp 7.194.348
Operating Expenses Rp 5.306.848
Business Income Rp 1.887.500
Non-Operating Income (Others) Rp (98.003)
Income Before Tax Rp 1.789.497
Income Tax Rp 369.144
Net Profit for Current Year Rp 1.420.353
Other Comprehensive Income Rp 126.939
Total Comprehensive Income for Current Year Rp 1.547.292
Profit Attributable to
Owners of Parent Entity Rp 1.418.577
Non-Controlling Interest Rp 1.776
Total Attributable Profit Rp 1.420.353
b. Statement of Financial Position

Total Assets or Liabilities and Equity as of 31 December 2017 amounted to Rp 25,051,809,830,022
with details as follows:
Assets
Current Assets Rp 5.897.001
Non-Current Assets Rp 19.154.809
Total Assets Rp 25.051.810
Current Liabilities Rp 4.268.030
Non-Current Liabilities Rp 7.382.319
Equity Rp 13.401.461
Total Liabilities and Equity Rp 25.051.810
c. Management Contract (KPIs)

Realization of the Management Contract 2017 is as follows:
No Description Score
1 Finance and Markets Perspective Non-Aeronautical 2,65

Revenue Growth
EBITDA 6,22
Operating Ratio 6,11
Duty Free Sales per 5,41

Passengers
2 Customer Focus Perspective Customer Satisfaction 8,40

Index

No Description Score
Level of Service:
a. Aircraft Landing, Parking and Aircraft Storage

Services
1) Skid Resistance 1,05
2) Response Time of Aircraft Rescue and Fire 1,00

Fighting Facility
3) Availability of Airfield Lighting Serviceability 1,04
b. Air Passenger Services
1) Baggage Handling Performance
i. Delivery of First Baggage 0,53
ii. Delivery of Last Baggage 0,53
2) Passenger and Goods Security Check at the

Terminal
i. Normal Conditions 1,00
ii. Special Conditions 1,00
3) General Facilities – Terminal Air Conditioning 1,05
Product Innovation to Customers 7,35
3 Effectiveness of Products and Suitability of Capital Expenditure (Total Capex):

Processes Perspective
a. Realization of Investment Program 2,92
b. Physical Investment 1,38
Implementation of SOEs Roadmap on Connectivity Sector 4,38
Implementation of Synergies Between SOEs 5,00
Increase Number of Cargo Capacity and Handling 5,25
4 Workforce Focus Perspective Average Individual KPI 8,99
Employee Satisfaction Index 8,00
5 Leadership, Governance GCG Implementation Score 3,10

and Social Responsibility
Perspective Assessment Criteria for Performance Excellence (KPKU) 3,12
Implementation Score
Effectiveness PKBL Disbursements 4,80
Electronic Report Submission 6,15
Total 96,43
d. Realization of Investment
Realization of Investment in Financial Year 2017 is as follows:
No Description Total
Routine
1 Flight Safety/Security Services 503.899
2 Services 492.389
3 Income 663.689
Non-Routine
4 Airport Development 750.243
Total 2.410.220

e. Human Resources
Realization of Human Resources for Financial Year 2017 is as follows:
No Description Total
1 Permanent Employees 3.350
2 Non-Permanent Employees 5.378
Total 8.728
f. Statement of Financial Position of Partnership and Community Development Program
Description Total
Assets
Cash and Cash Equivalents 663.451
Receivables from Disbursements to Other SOEs 5.000.000
Net MB Loan Receivables 47.512.786
Other Receivables 385.791
Net Fixed Assets 2.384.264
Total Assets 55.916.292
Liabilities and Net Assets
Liabilities 457.787
Net Assets 55.458.505
Total Liabilities and Net Assets 55.916.292
g. Activity Report of Partnership and Community Development Program
Description Total
Revenue
Profit Allocation from Fostering SOE 4.059.477
Income
Loan Administration Income 4.004.018
Interest Income 282.582
Other Income 280.701
Total Income 8.626.778
Disbursement of Partnership Program Fund 2.763.270
Disbursement of Community Development Fund 7.858.054
Administrative Expenses of Partnership and Community Development Program 16.765
Depreciation of Fixed Assets 599.317
Allowance for Impairment Loss 722.376
Total Disbursement and Expenses 11.959.782
Increase (Decrease) of Net Assets (3.333.004)
Net Assets at Beginning of Period 58.791.509
Net Assets at End of Period 55.458.505

h. Company Performance Level

Assessment of the Company’s soundness level is based on the Minister of SOE Decree No. KEP-
100/MBU/2002 concerning Soundness Level of SOEs, with the following details:
Aspect Realization of Weighted Score
A. Financial Aspect 44,50
B. Operational Aspect 33,00
C. Administrative Aspect 15,00
Total 92,50 “HEALTHY AA”
To grant full release and discharge (volledig acquit et decharge) to the members of Board of
Directors for the Management of the Company and Board of Commissioners for the supervisory
actions, as well as for the management and supervision of the Partnership and Community
Development Program executed during Financial Year 2017, with the following provisions:
• As long as the actions performed are not deemed to be criminal or do not violate
applicable legal procedures, and
• These actions are recorded and reported in the Annual Report, the Financial Statements of the
Company and the Financial Statement of Partnership and Community Development Program for
Financial Year 2017.
Status: Realized
Agenda Item 2
Determination of Use of Company’s Net Profit for Financial Year 2017.
Resolution
To approve the use of the company’s consolidated net profit attributable to Owners of Parent
Entity for Financial Year 2017 amounting to Rp 1,418,577,150,922, as follows:
• Dividend amounted to Rp 283,716,000,000 or 20%.
• Reserve amounted to Rp 1,134,861,150,922 or 80%.
Status: Realized
Agenda Item 3
Determination of the Remuneration of Board of Directors and Board of Commissioners.
Resolution
Amount of salary/honorarium along with facilities and other benefits in 2018 and bonuses in
Financial Year 2017 for members of the Board of Directors and Board of Commissioners of PT
Angkasa Pura I (Persero) shall be determined separately.
Status: Realized
Agenda Item 4
Appointment of the Public Accounting Firm (KAP) to audit the Company’s Financial Statements and the
Financial Statements of the Partnership and Community Development Program for Financial Year 2018.
Resolution
a. Delegate authority to the Board of Commissioners to tender the appointment of an internationally
affiliated Public Accounting Firm to audit the Company’s Financial Statements and the Financial
Statements of the Partnership and Community Development Program for Financial Year 2018.
b. Report the outcomes of the public accountant firm (KAP) tender to the Minister of SOEs for determining
the winning KAP to audit Financial Statements and PKBL Implementation Report for Financial Year 2018.
Status: Realized

Directives of AGM to Approve the Annual Report and Ratify the Company’s Financial Statements for Financial Year
2017 and Its Follow-Up
1. All findings, notes and suggestions of the Board The Board of Directors has sought to ensure that the same
of Commissioners, Internal Audit Unit, and findings are not repeated in the future and the follow-up
External Auditors on the Financial Statements outcomes have been reported to the Board of Commissioners
for Financial Year 2017 must be followed up and Shareholders.
completely by the Board of Directors in 2018.
The Board of Directors shall strive to ensure
that the same findings are not repeated in
future and the follow-up outcomes shall be
reported to the Board of Commissioners and
Shareholders.
2. Submit the Company’s Annual Report, Has submitted the Company’s Annual Report, including the
including the Financial Statements for Fiscal Financial Statements for Financial Year 2018 as audited by the
Year 2018 as audited by the Public Accounting Public Accounting Firm to the Minister of SOEs no later than
Firm to the Minister of SOEs, no later than February 15, 2019.
February 15, 2019.
3. With regard to the Letter of Board of Directors The Board of Directors has prepared a study including the duties
No. AP.I.2264/OM.04/2018/DU dated April 11, and functions as well as workload of each Directorate. The results
2018 concerning Change in Nomenclature of of the study were set forth in the Board of Directors Decree
positions of PT Angkasa Pura I (Persero) Board No. KEP.101/OM.01.01/2018 concerning Organization and Work
of Directors, the Board of Directors is tasked Procedures at Head Office of PT Angkasa Pura I (Persero).
to prepare a study including, among others,
duties and functions, workload of respective
Directorates and the response of the Board of
Commissioners, and then to be conveyed in
a separate letter to obtain a resolution from
Shareholders.
4. With respect to development of the National Airport construction project has been carried out in accordance
Strategic Project, under the supervision of with the predetermined schedule with due regard to applicable
Board of Commissioners, the Board of Directors regulations.
is tasked to carry out construction activities in
accordance with the predetermined schedule
with due regard to applicable regulations.
5. Evaluate investment realization in 2017 to All work units at PT Angkasa Pura I (Persero) have evaluated the
become the basis for enhancing investment investment realization in 2017 to increase investment realization
realization in accordance with the 2018 in 2018, and to encourage growth and enhance the Company’s
investment program, and to encourage growth performance to support the acceleration of national economic
and increase the Company’s performance to development in the future.
support the acceleration of national economic
development in the future.
6. Assets under Government Assistance with With respect to completion of the transfer of BPYBDS assets to
Indeterminate Status (BPYBDS) in the purpose Perum LPPNPI as State Capital Participation of Perum LPPNPI, a
of status transformation to Perum LPPNPI by Meeting among related Ministries on Improving the Joint Study
the Ministry of Transportation, and unrealized Concept and Draft Regulation on SCP of Perum LPPNPI (BPYBDS
assets of PT Angkasa Pura I (Persero) shall of the Ministry of Transportation i.e. ex assets of PT Angkasa Pura
become part of State Capital Participation I (Persero) and PT Angkasa Pura II (Persero)) was held on January
of Perum LPPNPI. In this case, the Board of 18, 2019. The participants included Perum LPPNPI, Ministry of
Directors is tasked to continuously coordinate Finance, Ministry of Transportation, Ministry of SOEs and the
with related parties for completion of the Ministry of Law and Human Rights. The meeting outcomes are to
process (Ministry of Transportation, Ministry of be complemented with a Ministry of Finance study related to the
Finance, BPKP). transfer mechanism of BPYBDS assets, and a planned follow up
meeting on February 8, 2019 in Yogyakarta as per Perum LPPNPI
Invitation No. UND.KRT.01.05/00/LPPNPI/02/2019/212.

7. Optimize the development of subsidiaries, To enhance value creation, PT Angkasa Pura I (Persero) has
so that corporate actions undertaken can provided guidance to its subsidiaries through strategic directives
improve the Company’s performance. to achieve targets and improve performance both financially and
operationally. In addition, the Company conducted an analysis on
the performance of the subsidiaries and provided suggestions on
corrective measures, and evaluated the performance of business
activities.
8. Resolve all problems with respect to Company The progress in resolving problems related to Company assets
assets relating to third parties (including with third parties is as follows:
the Indonesian military (TNI), Ministry of 1. Indonesian Military (TNI):
Transportation and Perum LPPNPI). a. SUB: a coordination meeting was held with officials of
the Ministry of Agrarian Affairs and Spatial Planning/
National Land Agency (ATR/BPN) of East Java Region
in relation to Resolving Troubled SOE Assets in East Java
on December 21, 2018 in accordance with Invitation of
Ministry of SOEs No. Und-39/07.MBU.4/12/2018. The
latest progress is the compilation of a comprehensive
evaluation or study related to resolution of the Double
Account problem according to the directives of Legal
Bureau Team of the Ministry of SOEs on January 24,
2019.
b. DPS, BPN and MDC: a meeting on the Draft Cooperation
Agreement between PT Angkasa Pura I (Persero) and
the Indonesian Air Force (TNI AU) at MDC, BPN and DPS
airports was held on January 29, 2018 in accordance with
Meeting Invitation Letter of PT Angkasa Pura I (Persero)
No. AP.I.609/HK.06/2019/DP-B. The latest update
involves revision of the Draft Cooperation Agreement
with the Indonesian Air Force (TNI AU) on Land Use.
c. LOP: it is currently the phase of measuring the land area
to be used by TNI AU.
d. SRG: it is currently in the phase of evaluation and
discussion related to the transfer of the old terminal
assets to TNI AD.
e. JOG and SOC: it is currently in the phase of reviewing the
calculation of proposed amount of fixed contributions
to be provided to TNI AU.
2. Ministry of Transportation: with respect to rental payments on
State-Owned Assets at UPG and SUB, the draft Cooperation
Agreement is under discussion.
3. Perum LPPNPI:
a. Related to imposition of land and space rent amount,
follow-up discussions are being held with the Ministry
of SOEs and Perum LPPNPI.
b. Related to the transfer of navigational assets under
Phase II, several Perum LPPNPI Branch Offices have not
agreed to the outcomes of the asset inventory.

9. Enhance airport management in order to In an effort to improve overall airport management performance,
improve overall performance, especially on especially the non-aeronatical business in accordance with
non-aeronautical business in accordance international standards, PT Angkasa Pura I (Persero) has
with international standards. Related to implemented world-class company management principles
airport operations that are running at a loss, a under good corporate governance, improved the Company’s
comprehensive evaluation and improvement service excellence and profitable revenue, and enhanced
shall be performed in order not to burden the the efficiency and effectiveness of the Company’s resources,
Company in a consolidated manner. including human resources, systems, organization structure and
facilities. As for airport operations that are still running at a loss,
PT Angkasa Pura I (Persero) has taken measures, among others,
to develop its non-core business through the establishment/
development of subsidiaries to optimize business revenue,
especially non-aeronautical revenue and to change the business
model with subsidiaries.
10. Comply with and implement the provisions, PT Angkasa Pura I (Persero) has complied and implemented
legal procedures and the Articles of Association the provisions, legal procedures and Articles of Association and
and risk management judiciously in all risk management judiciously in all Company acitivities based on
Company activities based on Good Corporate Good Corporate Governance (GCG) principles.
Governance (GCG) principles.
11. Improve compliance/updates information on PT Angkasa Pura I (Persero) continues to update information
the asset, Financial Information System (FIS), on the assets, Financial Information System (FIS), HR, PKBL, and
HR, PKBL and Integrated Talent Management Integrated Talent Management System (ITMS) portals as well as
System (ITMS) portals and the public the public website.
website. In connection with improving the
quality of supervision and mentoring of the
Company, the Board of Directors and Board
of Commisioners is tasked to prioritize the
update, accuracy and completeness of data at
the portals.
12. The Financial Report, PKBL Implementation The Financial Report, PKBL Implementation Report, Performance
Report, Performance Evaluation Report, Evaluation Report, Compliance Report on Legislation and
Compliance Report on Legislation and Internal Control, Key Performance Indicator Assessment
Internal Control, Key Performance Indicator Report audited by Public Accounting Firm Djoko, Sidik & Indra,
Assessment Report audited by Public Minutes of Meeting to Discuss the Partnership and Community
Accounting Firm Djoko, Sidik & Indra, Minutes Development Program Report 2017 and responses of Board of
of Meeting to Discuss the Partnership and Commissioners are an integral part of the Minutes of Meeting.
Community Development Program Report
2017 and responses of Board of Commissioners
are an integral part of the Minutes of Meeting.

The Board of Commissioners of PT Angkasa Pura on the criteria stated in the Work Procedures of
I (Persero) is responsible to perform the duties of Board of Directors and Board of Commissioners
supervision and provision of advices to the Board (Board Charter/ Board Manual). Currently, all
of Directors related to the implementation of the members of the Board of Commissioners have
Company’s business and compliance with GCG met the required criteria, which are as follows:
principles. This is in accordance with the provisions a. Formal criteria, namely:
of Law No. 19 of 2003 concerning State-Owned • Competent in taking legal actions;
Enterprises and Law No. 40 of 2007 concerning • Not been declared bankrupt, and was never
Limited Liability Companies, Articles of Association, a member of Board of Directors or Board
and other regulations. of Commissioners found responsible for
causing a Company to go bankrupt, and
In carrying out its duties, the Board of Commissioners have never been convicted of a crime that
is responsible to the Shareholders. PT Angkasa Pura caused state loss in the period of 5 (five)
I (Persero) also guarantees that all members of years prior to his appointment;
the Board of Commissioners possess the integrity, • Not having a family relationship or
knowledge, ability, and commitment to fulfill their relationship by marriage up to the third
duties, functions and responsibilities effectively, degree, either vertically or horizontally to
precisely, and quickly. The Board of Commissioners the side or relationship by marriage (or
must be able to act independently, have no conflict son- in-law) with members of the Board of
of interest, either between members or members Commissioners and/or other members of
of the Board of Directors, which can interfere with the Board of Directors;
the performance of their duties. • Not holding a concurrent position as
member of the Board of Directors on
Board Charter of Board of State-Owned Enterprises, Region-Owned
Commissioners Enterprises, Private Enterprises, and other
The Board Charter/Board Manual of the Board positions in accordance with the provisions
of Commissioners is contained in a Joint Decree of legislation, organizers of political
of the Directors and Board of Commissioners of party and/or candidate/member of the
PT Angkasa Pura I (Persero) Number KEP.144/ legislature and/or candidate/member of
OM.01/2019 KEP.06/DK.AP.I/2019 concerning the Regional Head/Deputy Head of the
Guidelines for the Work Procedures of Directors Region, as well as other positions that may
and Board of Commissioners. In general, the Board give rise to a conflict of interest;
Charter of the Board of Commissioners regulates • Committed to provide sufficient time in
the following matters: order to perform its functions.
1. Requirements and Composition of the Board b. Material criteria, namely:
of Commissioners. • Have integrity, that never never been
2. Responsibilities of the Board of Commissioners. directly or indirectly involved in the
3. Duties and Obligations of the Board of misconduct or illegal practices, given false
Commissioners. promises, and other acts that have harmed
4. Authority of the Board of Commissioners. the company in which the concerned is
5. Rights of the Board of Commissioners. working or has worked;
6. Code of Conduct. • Understand of the Company’s
7. Meetings of the Board of Commissioners. management issues related to one of the
8. Committees of the Board of Commissioners. management functions;
9. Secretary of the Board of Commissioners. • Have adequate knowledge in the
company business field.
Criteria for Board of Commissioners
Membership
Members of Board of Commissioners of PT Angkasa
Pura I (Persero) are selected and appointed based PT Angkasa Pura I (Persero)
Duties and Responsibilities of the Board 11. To establish a policy governing the discussion
of Commissioners of signs of a decline in company performance,
In general, the main duties of the Board of provide advice to the Board of Directors to
Commissioners include the following: fix problems resulting in declining company
1. To comply with the Articles of Association, performance, and to report to the GMS
laws and regulations, and the principles of should there be signs of a decline in Company
professionalism, efficiency, transparency, performance.
independence, accountability, responsibility 12. To follow developments in Company activities,
and fairness. provide opinions and suggestions to the
2. To carry out supervisory duties and provide GMS on issues deemed important to the
advice to the Board of Directors under the management of the Company, and to report
principles of good faith, prudence, and immediately to the GMS in case there are
responsibility as per Company interests and in signs of a decline in Company performance.
accordance with stated aims and objectives. 13. To provide opinions and recommendations
3. To supervise the Company’s management to the GMS on any other issues deemed
and business policies as conducted by the important for the management of the
Board of Directors, including supervising the Company.
implementation of the Company Long-Term 14. To establish policies/ guidelines governing
Business Plan (RJPP) and Work Plan & Budget the Board of Commissioners to supervise
(RKAP) as well as the provisions of the Articles the Company’s compliance with laws and
of Association, GMS Resolutions, and prevailing regulations, Articles of Association, and
laws and regulations that affect the Company agreements and commitments made by the
in accordance with stated aims and objectives. Company with third parties.
4. To advise the Board of Directors in the 15. To prepare the Board of Commissioners work
management of the Company. plan that discusses the Board of Directors’
5. To research and analyze periodic and annual compliance with prevailing laws and regulations,
reports prepared by the Board of Directors and Articles of Association, and agreements and
to sign off on the reports. commitments made by the Company with
6. To establish policies/mechanisms on providing third parties, and incorporate it into the Board of
approval/response/opinion of the Board of Commissioners Annual Work Plan.
Commissioners with respect to the draft RJPP 16. To undertake other obligations in order to
and RKAP. supervise and provide advice, as long as it
7. To provide feedback and recommendations does not conflict with prevailing laws and
to the GMS concerning RJPP and RKAP, on regulations, Articles of Association, and/or GMS
reasons for for the Board of Commissioners in resolutions.
signing off on RJPP and RKAP. 17. To establish policies and guidelines for
8. To establish the policies of Board of monitoring the implementation of GCG
Commissioners to monitor the compliance of principles.
Board of Directors in managing the Company 18. To develop a plan to scrutinize GCG
RKAP and RJPP. principles and incorporate it in the Board of
9. To prepare a plan to conduct evaluation on Commissioners Annual Work Plan.
the compliance of the Board of Directors in 19. To monitor and ensure the effectiveness of
managing the Company in accordance with GCG practices adopted by the Company.
RKAP and/or RJPP, and incorporate it into the 20. To establish a policy regarding the preparation
Board of Commissioners Annual Work Plan. of the Board of Commissioners Annual Work
10. To supervise the execution of the Company’s Plan and Budget, and to prepare the Board
Annual Work Plan and Budget and to submit of Commissioners work plan for the following
the assessment results and opinions to the GMS. year.

21. To establish a written policy on measuring and 12. To perform other supervisory authorities
evaluating the performance of the Board of insofar as they do not conflict with the laws
Commissioners, evaluating its achievements and regulations, the Articles of Association,
and incorporating it into the minutes of and/ or GMS Resolutions.
the Board of Commissioners’ Meeting, and 13. To receive honorarium and benefits/facilities
to report the performance assessment in including post-employment allowance of
the Implementation Report of the Board of the type and amount determined by the
Commissioners’ Supervisory Duties. GMS, with due regard to applicable laws and
regulations.
Authority and Rights of the Board of 14. To obtain facilities from the Company in
Commissioners accordance with the resolutions of the GMS.
The Board of Commissioners has authorities and 15. To receive bonuses whose amount is
rights related to the implementation of its duties, determined by the GMS if the Company
which are as follows: reaches a certain profitability level or
1. To scrutinize books, correspondence and other experiences an increase in performance.
documents and to check cash position and
securities to verify and examine the Company Code of Conduct of the Board of
assets. Commissioners
2. To enter the grounds, buildings, and offices In carrying out its duties, the Board of
used by the Company. Commissioners must always adhere to the
3. To request clarification from the Board of following code of conducts of the position:
Directors and/or other officials regarding the 1. Members of the Board of Commissioners are
management of the Company. prohibited from undertaking actions that
4. To obtain complete information on policies have a conflict of interest, or derive personal
and actions that have been and are to be benefits from making decisions and/or
carried out by the Board of Directors. carrying out Company activities, other than
5. To request the Board of Directors and/ from legitimate income.
or other officials under it and with its 2. Members of the Board of Commissioners shall
knowledge to attend the meetings of Board of report to the Corporate Secretary concerning
Commissioners. their and/or their family members’ ownership
6. To appoint and dismiss the Secretary of the of shares with the Company and other
Board of Commissioners at the Company’s Companies, including any changes thereof.
expense, if deemed necessary. 3. Members of the Board of Commissioners shall
7. To temporarily dismiss members of the Board make disclosures in the event of a conflict
of Directors in accordance with provisions of of interest, and the concerned members
the Articles of Association. shall not involve themselves in the Board of
8. To form other Committees besides the Audit Commissioners’ decision-making process in
Committee, if deemed necessary by taking connection to the matter.
into account the capacity of the Company. 4. In carrying out its duties and functions, each
9. To call on experts for certain tasks and within a member of the Board of Commissioners must:
certain period at the expense of the Company, a. Comply with the Articles of Association,
if deemed necessary. laws and regulations, as well as
10. To perform management functions of the the principles of professionalism,
Company under certain circumstances for a efficiency, transparency, independence,
certain period in accordance with provisions of accountability, responsibility and fairness.
the Articles of Association. b. Carry out supervisory duties and advise the
11. To attend the meetings of Board of Directors Board of Directors in good faith, prudence,
and provide views on matters discussed. and full responsibility for the interests

of the Company and in accordance with 4. Removing bad debts and inventory from the
stated aims and objectives. books.
c. Attach an Integrity Pact to the Board of 5. Releasing movable fixed assets with an
Directors’ proposals, which shall obtain economic lifespan that is normally applicable
recommendations from the Board in the industry up to 5 (five) years.
of Commissioners and approval of 6. Establishing the organizational structure of 1
Shareholders. (one) level below the Board of Directors.
d. Renew the personal statement of not
having a conflict of interest on a periodic Mechanism for Resignation and Dismissal
basis/ at the beginning of every year. of Members of Board of Commissioners
Members of the Board of Commissioners may
If a member of the Board of Commissioners has resign and/or be dismissed for various reasons
a conflict of interest, the member is prohibited before the expiration of term of office, as stated
from taking actions that could harm or reduce in Minister of SOE Regulation No. PER-02/
the Company’s profitability. The relevant member MBU/02/2015. This regulation also regulates
must disclose any conflict of interest in any decision the procedure for the dismissal of members
related to it. Decisions made must remain to of the Board of Commissioners. The reasons
prioritize the economic interests of the Company. for the dismissal of members of the Board of
Commissioners may include:
Decisions That Require the Approval of • Inability to perform the duties as required;
the Board of Commissioners • Committing violations against the Articles of
The Board of Commissioners has a significant role Association and/or prevailing legislation;
in the various business decisions of PT Angkasa • Engaging in actions that are detrimental to
Pura I (Persero). Some important decisions that the SOE and/ or the country;
require the approval of the Board of Commissioners • Conducting actions that violate the code of
are as follows: conduct and/or propriety that should actually
1. Putting up fixed assets as collateral for short- inspire respect as members of the Board of
term credit withdrawals. Commissioners and the SOE Supervisory
2. Establishing partnerships with business Board;
entities or other parties in the form of licensing • Found to be guilty by a court decision that has
cooperation, management contracts, asset permanent legal force; or
leasing, Joint Operations (KSO), Build Operate • Resignation.
Transfer (BOT), Build Own Transfer (BOwT), and
Build Transfer Operate (BTO) with a certain Besides the above stated reasons of the dismissal,
value or time period determined by the GMS. the Minister of SOEs or GMS may also dismiss
3. Receiving or providing medium/ long term members of the Board of Commissioners for other
loans, except: reasons in the interests and objectives of SOEs and/
a. Loans (debt or receivables) arising from or the Company. For example, but not limited to:
business transactions. • Dismissed in order to restructure the Company;
b. Issuance of bonds and other debt • Entering retirement age; and/ or
securities. • Appointed as a civil servant as an assignment
c. Loans granted to subsidiaries provided from the Technical Ministry or other
that they report their loans to the Board of Government Agencies.
Commissioners.

Nomination and Election Process of Composition and Basis of Appointment of

Board of Commissioners the Board of Commissioners
The GMS through a transparent nomination PT Angkasa Pura I (Persero) appoints the Board
and election process appoints the Board of of Commissioners based on provisions contained
Commissioners. Shareholders are authorized to in Law No. 19 of 2003 concerning State-Owned
elect members who have expertise, integrity, Enterprises and Minister of SOE Regulation No.
honesty, leadership skills, experience, good PER-01/MBU/2011. As of end-2019, all elected
behavior, and dedication to the Company through members had fulfilled the criteria and conditions
the following series of processes: specified in the fit and proper test in accordance
1. Determine general evaluation criteria with applicable laws and regulations, Articles of
for prospective members of the Board of Association, GCG policies, and other provisions.
Commissioners.
2. Form a selection team to nominate candidates The composition and basis for appointing
for the Board of Commissioners. members of the Board of Commissioners during
3. Appoint members of the Board of 2019 are as follows:
Commissioners, including the President
Commissioner.
PERIOD OF JANUARY 1, 2019 – APRIL 30, 2019

Composition of Board of Commissioners
Name Position Executor Basis of Appointment Effective Date
Djoko Sasono President Ministry of State- SK.210/MBU/07/2018 19 July 2018

Commissioner Owned Enterprises
Tri Budi Satriyo Commissioner Ministry of State- SK.210/MBU/07/2018 19 July 2018

Owned Enterprises
Harry Z. Soeratin Commissioner Ministry of State- SK-17/MBU/01/2018 16 January 2018

Owned Enterprises
Anandy Wati Commissioner Ministry of State- SK.75/MBU/2014 7 April 2014

Owned Enterprises
Suprasetyo Commissioner Ministry of State- SK.65/MBU/4/2017 4 April 2017

Owned Enterprises
Ali Mochthar Ngabalin Commissioner Ministry of State- SK.210/MBU/07/2018 19 July 2018

Owned Enterprises
PERIOD OF MAY 1, 2019 – AUGUST 31, 2019



Owned Enterprises

Owned Enterprises

Owned Enterprises

Owned Enterprises

PERIOD OF SEPTEMBER 1, 2019 – DECEMBER 31, 2019



Owned Enterprises

Owned Enterprises

Owned Enterprises

Owned Enterprises
Orientation Program for Newly meetings between new members and the Board
Appointed Members of Board of of Directors, President Director and President
Commissioners Commissioner of the Company to hear on various
At PT Angkasa Pura I (Persero), newly appointed presentations. New members can submit written
members of board of commissioners must questions on the presentations of Board of
attend the orientation program to understand Directors, Board of Commissioners, and Company
the activities and conditions of the Company. This officials to get further explanation. The orientation
program was held by the Corporate Secretary program also facilitates new members to visit work
along with other parties carrying out similar units, branch offices, and Company projects.
functions in accordance with Minister of SOE
Regulation No. PER-01/MBU/2011 and SK-16/S. In 2019 there was no orientation program for new
MBU/2012 as stated in the Board Manual. During members of the board of commissioners.
2019, the orientation program was held based on
the Secretariat of the Board of Commissioners Job Description of the Board of
Letter No. 115/Sek.Dekom/2018 dated July 23, 2018 Commissioners
concerning Induction Program for New Members The supervisory duties of Board of
of the Board of Commissioners. Commissionersare is divided into several job
descriptions in relation to the respective positions
In the implementation of the orientation of members, with the objective that all members
program, the newly appointed members of board can carry out their responsibilities and authorities
of commissioners receive instruction on GCG in a focused, effective and efficient manner. The
principles, a general description of the Company, job description of the board of commissioners
delegated authority to members, and the duties is adjusted to the job description of the Board of
and responsibilities of the Board of Directors and Directors, so that every member has clear roles,
the Board of Commissioners. In addition, the both collectively and individually.
Corporate Secretary also prepares a schedule of

Job Descriotion of Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Name Position Job Description
Djoko Sasono President Responsible for coordinating with all members of the Board of
Commissioner Commissioners and structures below on the performance of its duties
and authority with respect to internal audit, corporate secretary, legal,
corporate planning and transformation, and compliance and risk
management. He also concurrently serves as Deputy Chair II of the Audit
Committee.
Anandy Wati Commissioner In charge of activities related to the duties and authority of the Board
and also as of Commissioners on Human Resources Management, covering
Independent Human Capital, Training and Development, General Services, Corporate
Commissioner Social Responsibility. She also concurrently serves as Chair of the Audit
Committee.
Harry Z. Soeratin Commissioner In charge of activities related to the duties and authority of the Board
of Commissioners on finance, covering Accounting, Finance and
Procurement, and concurrently serves as Deputy Chair I of the Audit
Committee.
Suprasetyo Commissioner In charge of activities with the duties and authority of the Board of
Commissioners related to engineering and operations, covering Airport
Operations, Airport Security, Airport Safety, Airport Engineering, Airport
Facilities and Maintenance, Airport Equipment and Airport Development,
and concurrently serves as Chair of the Business Risk and GCG Committee.
Ali Mochtar Ngabalin Commissioner In charge of marketing which includes the aeronautical and non-
aeronautical business, airport services and hospitality and airport
tourism and connectivity, and also concurrently serves as Deputy Chair I
of the Business Risk and GCG Committee.
Tri Budi Satriyo Commissioner In charge of business development including business development
and international relations, business portfolio, information technology
and digital airport, and also concurrently serves as Deputy Chair II of the
Business Risk and GCG Committee.
Policy on Concurrent Positions of 2. Other positions in accordance with the

Members of Board of Commissioners prevailing laws and regulations, as functionaries
As stated in the Board Manual, members of of political parties and/or legislative candidates/
the Board of Commissioners may not hold the members and/or candidates for Head/ Deputy
following concurrent positions: Head of Region.
1. As members of the Board of Directors of 3. Other positions that may cause a conflict of
State-Owned Enterprises, Region-Owned interest.
Enterprises, or Private Enterprises.
Concurrent Positions of Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Position in PT Concurrent Position Concurrent Position Name of Other

Name Angkasa Pura I in PT Angkasa Pura I in Other Company/ Company/
(Persero) (Persero) Organization Organization
Djoko Sasono President Deputy Chair II of Secretary General Ministry of State-

Commissioner Audit Committee Owned Enterprises
Anandy Wati Komisaris Chair of Audit N/A N/A

Independen Committee
Tri Budi Satriyo Commissioner Deputy Chair II of Air Vice Marshal Indonesian Air Force
Business Risk and
GCG Committee

Concurrent Positions of Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Position in PT Concurrent Position Concurrent Position Name of Other

Name Angkasa Pura I in PT Angkasa Pura I in Other Company/ Company/
(Persero) (Persero) Organization Organization
Suprasetyo Commissioner Head of Business Risk N/A N/A

and GCG Committee
Harry Z. Soeratin Commissioner Chair of Audit Head of Education, Ministry of Social

Committee Research and Social Affairs
Counseling Agency
Ali Mochthar Ngabalin Commissioner Deputy Chair I of Government Presidential Staff

Business Risk and Spokesperson and Office
GCG Committee Presidential Staff Office
Independent Commissioners and Angkasa Pura I (Persero) and its affiliates.

Statement of Independence 5. Free from business interests or activities or
On April 26, 2019, the tenure of Anandy Wati as other relationships that can hinder or interfere
Independent Commissioner has ended. As of this with the ability of Board of Commissioners to
annual report is submitted, there has been no act or think freely within the Company.
appointment of an Independent Commissioner
by the Ministry of SOEs at the General Meeting of Meetings of the Board of Commissioners
Shareholders. Therefore, this Annual Report does PT Angkasa Pura I (Persero) has fulfilled the
not contain information related to the statement provisions of the Articles of Association, Minister
of independence of respective Independent of SOE Regulation No. PER-01/MBU/2011, and SK-
Commissioners. 16/S.MBU/2012 related to Meeting of the Board of
Commissioners, which is held at least once a month.
Nevertheless, PT Angkasa Pura I (Persero) Meetings of the Board of Commissioners consist
continues to refer to the Minister of SOE Regulation of internal meetings between members as well as
No. PER-01/MBU/2011, namely the provision that meetings with the Board of Directors. Summons
Independent Commissioners shall have no any to the Board of Commissioners Meeting shall
financial, management, share ownership, and/or be circulated no later than 3 (three) days before
family relationships with other members of the the meeting is held in writing by the President
Board of Commissioners, the Board of Directors, Commissioner or the appointed Commissioner.
and/or Controlling Shareholders or any other Summons to meetings may also be circulated at
relations with the SOE. short notice in case of emergencies.
In addition, the Board Manual of the Board of The President Commissioner is responsible to chair
Commissioners also sets the following criteria for meetings and may delegate duties to appointed
independence: Commissioners. Decisions at meetings of Board
1. Not serving as a Director in a company of Commissioners are made through deliberation
affiliated with PT Angkasa Pura I (Persero). to reach a consensus. If no agreement is reached
2. Not working for the government, including then a decision is made through a voting process.
departments, institutions, and military for the Decisions in a meeting are considered valid and
past 3 (three) years. binding if the meeting is attended by more than
3. Not working for the Company or its affiliates ½ (one half) of the members of the Board of
for the past 3 (three) years. Commissioners or their representatives.
4. Not having financial links, either directly and
indirectly, with the Company or companies
that provide services and products to PT

Agenda, Date and Attendance in Meetings of the Board of Commissioners

1. Internal Meetings of the Board of Commissioners
During 2019, the agenda items, date and attendance record at the Internal Meetings of Board of
Commissioners were as follows.
Internal Meetings of PT Angkasa Pura I (Persero) Board of Commissioners in 2019
No Date Agenda Items Participant
1 31 January 2019 1. Discussion on Proposed Organizational Structure of the 1. Djoko Sasono

Sultan Hasanudin Airport - Makassar Project 2. Tri Budi Satriyo
2. Discussion on Proposal for 5-Year Partnership Agreement 3. Anandy Wati
3. Discussion on Plan to Grant Partnership and Community 4. Ali Mochtar Ngabalin
Development Program Funds to Special SOEs 5. Suprasetyo
6. Harry Z. Soeratin
2 12 February 2019 1. Discussion on Proposal to PT Angkasa Pura I (Persero) for 1. Djoko Sasono
5-Year Business Partnership on the Management of Signal 2. Tri Budi Satriyo
Boosters 3. Anandy Wati
2. Discussion on Proposal to Write-Off Fixed Assets 4. Ali Mochtar Ngabalin
5. Suprasetyo
3 26 March 2019 1. Discussion to Update on Preparations to Start Operations 1. Djoko Sasono

at NYIA 2. Tri Budi Satriyo
2. Discussion on Planned Establishment of a Holding SOE 3. Anandy Wati
entity on Air Transportation 4. Ali Mochtar Ngabalin
3. Discussion on Evaluation of GCG Follow-Ups at PT Angkasa 5. Suprasetyo
Pura I (Persero) 6. Harry Z. Soeratin
4 24 April 2019 1. Discussion on PT Angkasa Pura I (Persero) Annual Report 1. Djoko Sasono
2018 2. Tri Budi Satriyo
2. Discussion on Organization and Work Procedures at the 3. Ananady Wati
NYIA Branch Office 4. Ali Mochtar Ngabalin
6. Suprasetyo
5 16 May 2019 Discussion on Approval of Partnership Period for Billboards 1. Djoko Sasono
Management at the New Terminal of Ahmad Yani Semarang 2. Tri Budi Satriyo
Airport 3. Ali Mochtar Ngabalin
4. Suprasetyo
6 27 June 2019 1. Discussion on Performance Evaluation of Quarter I – May 1. Djoko Sasono

2019 2. Tri Budi Satriyo
2. Discussion on Proposed SOP on Strategic Cooperation 3. Harry Z. Soeratin
3. Discussion on Collaboration on Signal Boosters 4. Suprasetyo
5. Ali Mochtar Ngabalin
7 29 July 2019 1. Discussion on Performance Realization until June 2019 1. Djoko Sasono
2. Discussion on Proposed Revision to RKAP 2019 2. Tri Budi Satriyo
3. Discussion on Strategic Cooperation in the Development 3. Ali Mochtar Ngabalin
and Management of Lombok Airport 4. Suprasetyo
8 27 August 2019 1. Discussion on Revision of RKAP 2019 of PT Angkasa Pura I 1. Djoko Sasono
(Persero) 2. Tri Budi Satriyo
2. Discussion on Planned 5-year Cooperation Agreement 3. Ali Mochtar Ngabalin
Contract at Syamsuddin Noor Airport -Banjarmasin 4. Suprasetyo
3. Discussion on Planned 5-year Cooperation Agreement 5. Harry Z. Soeratin
Contract at Juanda Airport - Surabaya

Internal Meetings of PT Angkasa Pura I (Persero) Board of Commissioners in 2019
No Date Agenda Items Participant
9 22 October 2019 1. Discussion on the Proposed Revision of RKAP on 1. Djoko Sasono

Investment in 2019 of PT Angkasa Pura I (Persero) 2. Tri Budi Satriyo
2. Discussion on 5-Year Cooperation Agreement at SAMS 3. Ali Mochtar Ngabalin
Sepinggan Airport - Balikpapan 4. Suprasetyo
3. Discussion on 5-Year Cooperation Agreement at 5. Harry Z. Soeratin
Yogyakarta International Airport (YIA) - Kulon Progo
4. Request for Response to the Offer of Build Operate
Transfer (BOT) of Hotel at the New Terminal of
Syamsuddin Noor Airport Banjarmasin
5. Request for Hotel Construction & Business Cooperation
Agreement in Yogyakarta International Airport Terminal -
Kulon Progo
10 27 November 2019 1. Discussion on Proposed RKAP 2020 of PT Angkasa Pura I 1. Djoko Sasono
(Persero) 2. Harry Z. Soeratin
2. Discussion on Proposed Write-off of Fixed Assets of PT 3. Ali Mochtar Ngabalin
Angkasa Pura I (Persero) 4. Suprasetyo
3. Discussion on Guidelines for Cooperation with Strategic 5. Tri Budi Satriyo
Partners
4. Discussion on Partnership Plans with Third Parties
5. Discussion on Equity Participation to Subsidiaries
6. Discussion on Amendment to Articles of Association of
7. Discussion on Selection of PPIP Institutions
8. Discussion of BPK Audit Results
11 10 December 2019 1. Discussion on Amendment to Articles of Association of 1. Djoko Susono

PT Angkasa Pura I (Persero) 2 Tri Budi Satriyo
2. Discussion on Selection of PPIP Institutions 3 Ali Mochtar Ngabalin
3. Discussion on Guidelines for Cooperation with Strategic 4 Suprasetyo
Partners 5 Harry Z. Soeratin
4. Discussion on Management of Signal Booster Services by
PT APS
5. Discussion on Capsule Hotel at Bali Airport
6. Discussion on Development and Management of Airport
Hotel at YIA
12 16 December 2019 Performance Evaluation of Board of Directors 1. Djoko Susono

2. Tri Budi Satriyo
3. Ali Mochtar Ngabalin
4. Suprasetyo
5. Harry Z. Sooeratin
2. Joint Meetings between Board of to discuss a specific issue, provide responses,

Commissioners and Board of Directors notes, and advice to the Board of Directors
The President Commissioner may invite the regarding the issues set forth in the Minutes of
President Director to hold a joint meeting Meeting.
at least 7 (seven) days before the meeting
is held. Joint meeting between Board of During 2019, the agenda items, date, and
Commissioners and Board of Directors is held attendance record of the Joint Meetings between
at least once a month to discuss periodic Board of Commissioners and Board of Directors
reports of the Board of Directors. In addition, were as follows.
the joint meetings provide the opportunity

Joint Meetings Between Board of Commissioners and Board of Directors of PT Angkasa Pura I (Persero) in 2019
Participant
No Date Agenda Items Description
Board of
Board of Directors
Commissioners
1 23 January Discussion on Long-Term Business 1. Djoko Sasono Novrihandri Ali Mochtar

2019 Plan (RJPP) 2019 – 2023 of PT 2. Tri Budi Satriyo Ngabalin and
Angkasa Pura I (Persero) 3. Harry Z. Soeratin Suprasetyo
4. Anandy Wati were out
of town on
official duty
2 31 January 1. Discussion on Progress of Long- 1. Djoko Sasono 1. Faik Fahmi Harry Z.

2019 Term Business Plan (RJPP) 2. Tri Budi Satriyo 2. Wendo Asrul Rose Soeratin was
2019 – 2023 of PT Angkasa Pura I 3. Anandy Wati 3. Devy Suradji out of town
(Persero) 4. Ali Mochtar Ngabalin 4. Adi Nugroho on official
2. Discussion on Progress of New 5. Suprasetyo 5. Sardjono Jhony T. duty
Yogyakarta International Airport
(NYIA) Project
3 12 February Discussion on Follow-Up to PT 1. Djoko Sasono 1. Faik Fahmi

2019 Angkasa Pura I (Persero) Work Plan 2. Tri Budi Satriyo 2. Wendo Asrul Rose
and Budget (KAP) Financial Year 3. Anandy Wati 3. Lukman F. Laisa
2018 4. Ali Mochthar 4. Devy Suradji
Ngabalin 5. Novrihandri
5. Harry Z. Soeratin 6. Adi Nugroho
6. Suprasetyo 7. Sardjono Jhony T.
4 26 March 1. Discussion to Update on 1. Djoko Sasono 1. Faik Fahmi

2019 Preparations to Start Operations 2. Tri Budi Satriyo 2. Lukman F. Laisa
at NYIA 3. Anandy Wati 3. Devy Suradji
2. Discussion on Planned 4. Ali Mochtar Ngabalin 4. Novrihandri
Establishment of Holding SOE 5. Harry Z. Soeratin 5. Adi Nugroho
entity on Air Transportation 6. Suprasetyo 6. Sardjono Jhony T
3. Discussion on Evaluation of GCG
Follow-Ups at PT Angkasa Pura I
(Persero)
5 16 May 2019 1. Preparation of GMS to Approve 1. Djoko Sasono 1. Faik Fahmi

the PT Angkasa Pura I (Persero) 2. Tri Budi Satriyo 2. Lukman F. Laisa
Annual Report 2018 3. Ali Mochtar Ngabalin 3. Wendo Asrul Rose
2. Preparation of Transpor-tation 4. Suprasetyo 4. Devi Suradji
Monitoring Post for the Eid 5. Harry Z. Soeratin 5. Adi Nugroho
Homecoming Season 6. Anandy Wati 6. Sardjono Jhony T
3. Progress of YIA Airport Project;
6 29 July 2019 1. Discussion on Strategic 1. Djoko Sasono 1. Faik Fahmi

Cooperation in the Development 2. Tri Budi Satriyo 2. Lukman F. Laisa
and Management of Lombok 3. Ali Mochtar Ngabalin 3. Wendo Asrul Rose
Airport 4. Harry Z. Soeratin 4. Devi Suradji
2. Discussion on Performance 5. Suprasetyo 5. Adi Nugroho
Realization until June 2019 6. Sardjono Jhony T
3. Discussion on Proposed Revision
of Company Work Plan & Budget
(RKAP) 2019
7 30 1. Discussion on Operational Plan 1. Djoko Sasono 1. Faik Fahmi

September of Syamsuddin Noor Airport, 2. Tri Budi Satriyo 2. Wendo Asrul Rose
2019 Yogyakarta International Airport 3. Ali Mochtar Ngabalin 3. Lukman F. Laisa
and Adi Soemarmo Airport Train 4. Harry Z. Soeratin 4. Devy Suradji
2. Discussion to Update on Air 5. Suprasetyo 5. Novrihandri
Transport Holding SOE Plan 6. Adi Nugroho
7. Sardjono Jhony T.

Joint Meetings Between Board of Commissioners and Board of Directors of PT Angkasa Pura I (Persero) in 2019
Participant
No Date Agenda Items Description
Board of
Board of Directors
Commissioners
8 31 October 2019 Discussion on Proposed 1. Djoko Sasono 1. Lukman F. Laisa Tri Budi was
Company Work Plan & 2. Harry Z. Soeratin 2. Novrihandri out of town
Budget (RKAP) for Financial 3. Ali Mochtar Ngabalin on official
Year 2020 4. Suprasetyo duty
9 5 – 6 November Discussion on Proposed 1. Djoko Sasono 1. Novrihandri

2019 Company Work Plan & 2. Suprasetyo 2. Wendo Asrul Rose
Budget (RKAP) for Financial 3. Tri Budi Satriyo
Year 2020 4. Ali Mochtar Ngabalin
10 27 November 2019 1. Discussion on Proposed 1. Djoko Sasono 1. Faik Fahmi

Company Work Plan & 2. Ali Mochtar Ngabalin 2. Wendo Asrul Rose
Budget(RKAP) of PT AP I for 3. Harry Z. Soeratin 3. Lukman F. Laisa
Financial Year 2020 4. Suprasetyo 4. Devy Suradji
2. Discussion on Guidelines 5. Tri Budi Satriyo 5. Novrihandri
for Cooperation with 6. Adi Nugroho
Strategic Partners 7. Sardjono Jhony T
11 5 December 2019 Discussion on Proposed 1 Harry Z. Soeratin Novrihandri Djoko and

Company Work Plan & 2 Suprasetyo Ngabalin
Budget (RKAP) for Financial 3 Tri Budi Satriyo were out
Year 2020 4 Ali Mochtar Ngabalin out town on
official duty
12 20 December 2019 Presentation on Interim Audit 1 Djoko Sasono 1. Faik Fahmi

Results 2. Ali Mochtar Ngabalin 2. Novrihandri
3. Harry Z. Soeratin 3. Devi Suradji
4. Tri Budi Satriyo 4. Adi Nugroho
5. Pak Suprasetyo
Frequency and Attendance of Board of and twelve Joint Meetings between the Board of
Commissioners Commissioners and the Board of Directors. The
In 2019, the Board of Commissioners held twelve frequency and attendance of all members of the
Internal Meetings of Board of Commissioners Board of Commissioners are as follows.
Frequency and Attendance of Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Joint Meetings Between

Internal Meetings of Board Board of Commissioners
of Commissioners in 2019 and Board of Directors in
2019
Name Position Period
Total and (%) Attendance Total and (%) Attendance
Total Total Total Total

% %
Meetings Attendance Meetings Attendance
Djoko Sasono President 19 July 2018 – 12 12 100 12 11 91,7

Commissioner Present
Tri Budi Satriyo Commissioner 19 July 2018 – 12 12 100 12 11 91,7

Present
Harry Z. Soeratin Commissioner 16 January 2018 12 12 100 12 11 91,7

– Present

Frequency and Attendance of Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Joint Meetings Between

Internal Meetings of Board Board of Commissioners
of Commissioners in 2019 and Board of Directors in
2019
Name Position Period
Total and (%) Attendance Total and (%) Attendance

% %
Meetings Attendance Meetings Attendance
Anandy Wati Independent 7 April 2014 – 4 4 100 4 4 100

Commissioner 7 April 2019
Suprasetyo Commissioner 4 April 2017 – 12 12 100 12 11 91,7

Present
Ali Mochtar Ngabalin Commissioner 19 July 2018 – 12 12 100 12 10 83,3

Present
Decisions, Recommendations and

Execution of Duties of the Board of
Commissioners of decisions and recommendations contained
Of the duties performed as mentioned above, the in decrees in accordance with its authority and
Board of Commissioners has issued a number responsibilities, which include the following:
Decrees of Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
No Number Date Subject
1 KEP.01/DK.AP.I/2019 2 January 2019 Charter of Business Risk & Good Corporate Governance (GCG)
Committee in the Organizational Structure/ Supporting Organs of
Board of Commissioners of PT Angkasa Pura I (Persero)
2 KEP.02/DK.AP.I/2019 7 May 2019 Code of Corporate Governance of PT Angkasa Pura I (Persero)
3 KEP.03/DK.AP.I/2019 7 May 2019 Code of Conduct of PT Angkasa Pura I (Persero)
4 KEP.04/DK.AP.I/2019 7 April 2019 Dismissal and Appointment of the Chair of Audit Committee of PT
5 KEP.05/DK.AP.I/2019 1 July 2019 Dismissal and Appointment of Members of Audit Committee of PT

6 KEP.06/DK.AP.I/2019 1 November 2019 Reappointment of the Secretary of Board of Commissioners of PT

Performance Evaluation of the Board

of Commissioners
The Board of Commissioners has carried out its 3. Held Meetings with the Ministry of SOEs/
duties and responsibilities in the reporting period, Shareholders.
which includes the following: 4. Attended GMS on 4 occasions.
1. Conducted 12 Internal Meetings of Board
of Commissioners and 12 Joint Meetings For these various activities, the Board of
Between Board of Commissioners and Board Commissioners is assessed on a periodic basis in
of Directors. order to monitor the effectiveness, efficiency and
2. Held Meetings of the Audit Committee and success of its performance with the objective of
Business Risk & GCG Committee. improving the future performance.

Performance Evaluation of Board of

Commissioners Based on KPIs
Performance evaluation of the Board of The performance of the Board of Commissioners
Commissioners is conducted through based on KPIs is evaluated by Shareholders through
achievements on Key Performance Indicators the mechanism of Board of Commissioners’
each year, which include the aspects of: Management Contract with Shareholders at the
1. Finance and Markets; GMS. The assessment is based on the prevailing
2. Customer Focus; laws and regulations, Articles of Association, and
3. Effectiveness of Products and Processes; the mandate of Shareholders.
4. Workforce Focus;
5. Leadership, Governance and Social The results of Board of Commissioners performance
Responsibility; and evaluation based on KPIs in 2019 are shown in the
6. Agent of Development following table.
Key Performance Indicators (KPIs) Evaluation of Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Achievement Score
Key Performance Indicator
Weight Score
Supervision and Direction 60 59,50
Reporting 30 30
Dynamic/others 10 10
Weight 100 99,50
Performance Evaluation of Board of

Commissioners Based on GCG Assessment
The performance evaluation of the Board of 2. Dividing tasks and determing factors required
Commissioners is also conducted based on to support the execution of duties of the Board
the principles of good governance, namely of Commissioners.
through GCG assessment. In this regard, PT 3. Granting approval for the draft RJPP and RKAP
Sierra Bisnis Konsulting, an independent external submitted by the Board of Directors.
party, conducted the performance evaluation 4. Providing guidance to the Board of Directors
through GCG assessment. The implementation on the implementation of the Company’s
of evaluation refers to the Secretary of Ministry of plans and policies.
SOEs Decree No. SK-16/S.MBU/2012 dated June 5. Conducting supervision on the Board of
6, 2012 concerning Assessment and Evaluation Directors on the implementation of the
Indicators/Parameters for the Implementation of Company’s plans and policies.
Good Corporate Governance at SOEs. 6. Conducting supervision on the
implementation of management policies of
The criteria for the performance evaluation of subsidiaries/joint ventures.
the Board of Commissioners based on GCG 7. Play a role in nominating members of the
assessment are as follows: Board of Directors, evaluating the performance
1. Implementing training/learning programs of of the Board of Directors (individuals and
the Board of Commissioners. groups), and proposing bonuses/incentives for
their performance.

8. Taking actions against potential conflicts 3. Provided recommendations for improving the
of interest concerning the Board of SPI and its implementation.
Commissioners. 4. Evaluated the procedures for all information
9. Monitoring the implementation of Good released by the Company
Corporate Governance principles.
10. Organizing meetings of the Board of Further, during 2019 the Business Risk and GCG
Commissioners and the attendance level at Committee carried out its duties through the
the meetings. following activities:
11. The presence of a Secretary to support the 1. Organized 30 Business Risk and GCG
implementation of secretarial tasks of Board Committee meetings.
of Commissioners. 2. Conducted monitoring, review, and made
12. The Presence of an effective Board of recommendations on the implementation of
Commissioners Committee. risk management.
3. Conducted monitoring, evaluation, and
Based on the evaluation criteria above, the reporting activities on the Company’s GCG
performance of Board of Commissioners in 2019 implementation.
obtained a score of 34.14 with 97.55% achievement 4. Assisted in auditing financial statements for
and rating of ‘very good’. This achievement Financial Year 2018.
representas an increase from the previous year.
Related to the Nomination and Remuneration
Performance Evaluation of Committees Committee, as of end-2019 it was noted that this
under the Board of Commissioners and committee had carried out the following activities:
Basis of Assessment 1. Established a policy of Board of Commissioners
In carrying out its duties and functions, the on the remuneration proposal of the Board of
Board of Commissioners is supported by Directors.
the Audit Committee, the Business Risk and 2. Developed Board of Commissioners plan to
GCG Committee, and the Nomination and review the proposed remuneration of the
Remuneration Committee. In 2019, the Board of Board of Directors.
Commissioners considered that the committees
have been effective in carrying out their duties and
responsibilities.
During 2019, the Audit Committee performed its

duties through the following activities:
1. Held 17 Audit Committee meetings.
2. Assessed the activities and results of audits
carried out by the internal control system (SPI).

Board of Directors
As mandated in Law No. 19 of 2003 concerning In carrying out its duties, the Board of Directors
State-Owned Enterprises and Law No. 40 of 2007 complies with the Articles of Association and
concerning Limited Liability Companies, the Board applicable laws and regulations. The Board of
of Directors has the duty and responsibilities of Directors is also required to uphold the principles
managing the Company’s business in order to of professionalism, efficiency, transparency,
achieve the company goals. In addition, the Board independence, accountability, responsibility and
of Directors also represents the Company inside fairness.
and outside the courts.
Board Charter of the Board of Directors
The Board Charter/Board Manual of the Board 4. Authority of the Board of Directors.
of Directors is contained in a Joint Decree of 5. Rights of the Board of Directors.
the Directors and Board of Commissioners of 6. Independence of the Board of Directors.
PT Angkasa Pura I (Persero) Number KEP.144/ 7. Code of Conduct.
OM.01/2019 KEP.06/DK.AP.I/2019 concerning 8. Determination of Company Management
Guidelines for the Work Procedures of Policies by the Board of Directors.
Commissioner and Board of Directors. The Board 9. Delegation of Authority Among Members of
of Directors has a Board Charter/Board Manual that the Board of Directors.
serves as guidelines for carrying out its duties. In 10. Distribution of Duties of the Board of Directors.
general, the Board of Charter of Board of Directors 11. Meetings of the Board of Directors.
regulates the following matters: 12. Relationships with Subsidiaries and Joint
1. Requirements and Composition of Board of Ventures.
Directors. 13. Company Secretary.
2. Responsibilities of the Board of Directors. 14. Internal Supervisory Unit.
3. Duties and Obligations of the Board of 15. Team of Board Directors/ Use of Professional
Directors. Advice.
Criteria for Board of Directors
All members of the Board of Directors of PT convicted of a crime that caused state loss
Angkasa Pura I (Persero) are apppointed in in the period of 5 (five) years prior to his
accordance with the criteria listed in the Work appointment.
Procedures of the Board of Directors and Board - - Not having a family relationship
of Commissioners (Board Charter/Board Manual), or relationship by marriage up to the third
including the following: degree, either vertically or horizontally to
a. Formal criteria, namely: the side or relationship by marriage (or
- Competent in taking legal actions. son-in law) with members of the Board of
- Never been declared bankrupt Commissioners and/or other members of
- Was never a member of Board of the Board of Directors.
Directors or Board of Commissioners - Not holding concurrent position as
found responsible for causing a Company member of the Board of Directors to
to go bankrupt, and have never been State-Owned Enterprises, Region-Owned

Enterprises, and other positions in - Having technical competence/expertise,

structural or functional positions in central that the respective person has adequate
or regional government institutions, as knowledge, experience and expertise in
well as other positions that may give rise the areas of operations of the Company,
to a conflict of interest either directly has the ability to perform strategic
or indirectly with the Company and/ management within the framework of the
or conflicting with applicable rules and Company, understanding the problems of
regulations. management of the Company with regard
b. Material criteria, namely: to one of the functions of management,
- Having high integrity and morals, in that as well as having dedication and provide
the respective person is well-behaved and full time to perform their duties.
has never been involved in the perpetration - Having a good psychological health, in that
of engineering and illegal practices, given the respective person has an adequate
false promises, and other acts that can be level of intelligence and emotional level
categorized as gaining personal benefits to perform their duties as members of the
that violates the principles of healthy Board of Directors of the Company.
management of the Company.
Duties and Responsibilities of the Board of Directors
In general, the duties and responsibilities of the 7. To organize and store a Special List in
Board of Directors are as follows: accordance with prevailing laws and
1. Each member of the Board of Directors must regulations.
perform their duties in good faith and full 8. To take personal responsibility for mistakes
responsibility for the interests and business of and omissions in performing their duties.
the Company. 9. To compile a list of manager candidates
2. To ensure that all activities of the Company one level below the Board of Directors to be
have been carried out in accordance with submitted to the Board of Commissioners, if
applicable laws and regulations, the Articles of needed.
Association, and GMS Resolutions. 10. To carry out other tasks, including:
3. To organize, implement and evaluate - Organize, implement, and evaluate the
relationship management with Shareholders strategies and work plans of the Company
and other stakeholders. - Organize, implement and evaluate risk
4. To perform all actions related to the management, internal control systems,
management of the Company for the benefit accounting and bookkeeping systems,
of the Company and in accordance with the as well as information disclosure and
purposes and objectives of the Company. confidentiality.
5. To represent the Company, both inside and - Implement business ethics and promote
outside the courts. a culture of anti-corruption.
6. To implement GCG in a consistent and
sustainable manner.

Authority and Rights of the Board of Directors
Related to the performance of its duties, the Board 9. Appoint and dismiss the Corporate Secretary.
of Directors has the authorities and the rights to: 10. Perform other actions regarding the
1. Represent the Company inside and outside management and ownership of the Company’s
the courts. assets, bind the Company with other parties,
2. Establish the management policies of the as well as represent the Company inside and
Company. outside the courts for all matters and events,
3. Arrange the transfer of authority of the Board in accordance with restrictions stated in
of Directors to one or several members of prevailing laws and regulations, Articles of
the Board of Directors or to one or several Association and GMS Resolutions.
Company employees, individually or jointly, 11. Regulate the provisions on corporate
to make decisions on behalf of the Board of employment, including the determination of
Directors or represent the Company inside or salaries, pensions or old age benefits and other
outside the courts. income for employees based on prevailing
4. Establish guidelines for the procurement of laws and regulations. The GMS must approve
goods and services that are profitable for the in advance the determination of salaries,
Company, both in terms of price and quality of pensions or old age benefits and other income
the goods and services. for employees that exceed the obligations set
5. Establish provisions and make arrangements in the prevailing laws and regulations.
with respect to corporate employment. 12. Appoint and dismiss employees based on
6. Appoint and dismiss employees based on the corporate employment regulations and
corporate employment regulations as well as applicable laws and regulations.
applicable laws and regulations. 13. Receive salary and other benefits/ facilities,
7. Establish performance targets and including post-employment allowance of the
performance evaluation systems for type and amount determined by the GMS.
organizational units and positions that have 14. Other authorities with the approval of the
been set in an objective and transparent Board of Commissioners and/or GMS.
manner.
8. Analyze and evaluate performance
achievements for positions/units under the
Board of Directors and at the Company level.
Code of Conduct of the Board of Directors
The Board of Directors must carry out their duties and responsibilities based on the code of ethics of the
position, as follows:
1. Members of the Board of Directors are prohibited from performing actions that may give rise to
conflict of interest and take personal benefits, either directly or indirectly from making decisions and/
or Company activities, other than legitimate income.
2. Members of the Board of Directors must disclose their and/or their family members’ ownership of
shares of other companies on the Special Register.

In the event that a member of the Board of interest in any decision related to it. The decision
Directors has a conflict of interest, the relevant made must prioritize the economic interests of the
member is prohibited from taking actions that Company.
may harm or reduce the Company’s profit. The
relevant member must disclose any conflict of
Mechanism for Resignation and Dismissal of Members of Board

of Directors
In accordance with provisions in the Board Manual 7. Within 30 (thirty) days following the temporary
of PT Angkasa Pura I (Persero), members of the dismissal, the Board of Commissioners is
Board of Directors may resign or be dismissed required to call a GMS which will decide
at any time before the term of office expires for whether the relevant members will be
various reasons. The procedures and reasons for permanently dismissed or returned to their
dismissal of members of the Board of Directors position, by first giving them an opportunity
include the following: to mount a defense.
1. The term of office of members of the Board of 8. If the GMS is not held within a period of 30
Directors is 5 (five) years without prejudice to (thirty) days, the temporary dismissal shall be
the right of the GMS to dismiss at any time. declared void and the dismissed members
2. After the term of office expires, the GMS may of the Board of Directors shall carry out their
reappoint members of Board of Directors for 1 duties with the same power and authority.
(one) subsequent term of office. 9. Members of the Board of Directors have
3. The position of members of the Board of the right to resign from their positions by
Directors will end in the event of: giving written notice of their intentions
a. Expiry of the term of office. to the Company, with a copy provided to
b. Resignation in accordance with applicable Shareholders, the Board of Commissioners
regulations. and other members of the Board of Directors
c. No longer meeting the requirements of no later than 30 (thirty) days prior to the
applicable laws and regulations. resignation date and effective from the date
d. Death. the request is approved by the GMS. However,
e. Dismissal based on GMS resolution. if there is no decision from the GMS then
4. The GMS may dismiss a member of the Board the terms of relevant members will end on
of Directors at any time before the term expires the requested date or with the passage of 30
by stating the reasons for termination. (thirty) days from the date the letter of request
5. The Board of Commissioners reserves the right for resignation is received without requiring
to temporarily dismiss one or more members the approval of the GMS.
of the Board of Directors if they act contrary 10. Members of the Board of Directors who have
to the Articles of Association or neglect their resigned must account for their actions should
obligations or in case of an urgent requirement it not have been reported to the GMS.
for the Company.
6. The temporary dismissal must be notified in
writing to the relevant persons along with the
reasons for the action.

Term of Office of the Board of Directors
Members of the Board of Directors have a term of has ended, members of the Board of Directors may
office of 5 (five) years in one period. Nevertheless, be reappointed by the GMS for 1 (one) subsequent
the GMS has the right to dismiss members at any term of office.
time under specific reasons. After the term of office
Composition and Basis of Appointment of the Board of Directors
Determination of the composition and regulations, Articles of Association, GCG policies,

appointment of PT Angkasa Pura I (Persero) Board and other provisions.
of Directors is adjusted to needs and business
strategies of the Company. Currently, all elected The composition and basis of appointment of
members of the Board of Directors have fulfilled members of the Board of Directors in 2019 are as
the criteria and conditions specified in the fit and follows:
proper test in accordance with applicable laws and
Composition of Board of Directors in 2019
Faik Fahmi President Director Ministry of State- Minister of SOEs Decree No. 22 December 2017
Owned Enterprises SK-289/MBU/12/ 2017
Novrihandri Director of Finance Ministry of State- Minister of SOEs Decree 9 November 2015
Owned Enterprises as GMS No. SK-222/MBU/
II/2015
Devy Suradji Director of Ministry of State- Minister of SOEs Decree No. 22 December 2017
Marketing and Owned Enterprises SK-289/MBU/12/ 2017
Services
Wendo Asrul Rose Director of Ministry of State- Minister of SOEs Decree 9 November 2015
Operations Owned Enterprises as GMS No. SK-222/MBU/
II/2015
Lukman F. Laisa Director of Ministry of State- Minister of SOEs Decree 5 March 2018
Technical Affairs Owned Enterprises as GMS No. SK-53/MBU/
03/2018
Adi Nugroho Director of Human Ministry of State- Minister of SOEs Decree 9 November 2015
Resources and Owned Enterprises as GMS No. SK-222/MBU/
General Affairs II/2015
Sardjono Jhony Director of Business Ministry of State- Minister of SOEs Decree No. 11 August 2017
Tjitrokusumo Development Owned Enterprises SK-155/MBU/08/ 2017

Orientation Program for New Directors
New directors of PT Angkasa Pura I (Persero) are The orientation program allows new directors to
required to undertake the induction process, with enhance their understanding on GCG principles,
the objective being that they understand the the general overview of the Company, delegated
activities and present conditions of the Company. authority to members, duties and responsibilities
The orientation program is delivered in accordance of the Board of Directors, work relations with the
with the regulations stated in the Board Manual. In Board of Commissioners, and matters that are
this regard, the executor of the orientation program forbidden for the Board of Directors. Through the
is the Corporate Secretary. Throughout 2019, there program, the Corporate Secretary organizes a
was no change in the Board of Directors, so there meeting between new Directors and the Board
was no Directors orientation program. of Commissioners, Company officials, President
Director and the President Commissioner. Besides
meetings, the orientation program also facilitates
new members to visit work units, branch offices,
and Company projects.
Scope of Work and Responsibilities of Members of the Board of

Directors
At PT Angkasa Pura I (Persero), each member of OM.01.01/2018 concerning Organization and Work
the Board of Directors has different duties and Procedures at the Head Office of PT Angkasa Pura
responsibilities as per the assigned position. The I (Persero).
division of scope of work and responsibilities of
members of board of directors are regulated Details of the division of duties and responsibilities
under Board of Directors Decree No. KEP.101/ of members of the Board of Directors are as follows.
Scope of Work and Responsibilites of Board of Directors of PT Angkasa Pura I (Persero) in 2019
Name Position Duties and Responsibilities
Faik Fahmi President Director To ensure the execution of management functions by members of the
Board of Directors in accordance with the main duties of the Company.
This is achieved by determining the policies to be carried out by Directors
and controlling the implementation of internal audit, corporate secretary,
legal, corporate planning and transformation as well as compliance and
risk management, in order to support the achievement of the company’s
vision and mission in accordance with the articles of association and
policies determined by the GMS.
Novrihandri Director of Finance To ensure an increase in the Customer Satisfaction Index (CSI) score,
increase in aeronautical and non-aeronautical business revenue and
contribute to the environment through the establishment of policies and
strategies on finance, and procurement of goods and services to support
the achievement of the company’s vision and mission based on the
Company Work Plan and Budget (RKAP).
Devy Suradji Director of To ensure an increase in the Customer Satisfaction Index (CSI) score, increase
Marketing and in aeronautical and non-aeronautical business revenue, and contribute
Services to the environment through the establishment of policies and strategies
in marketing and services to support the achievement of the company’s
vision and mission based on the Company Work Plan and Budget (RKAP).

Scope of Work and Responsibilites of Board of Directors of PT Angkasa Pura I (Persero) in 2019
Name Position Duties and Responsibilities
Wendo Asrul Rose Director of To ensure an increase in the Customer Satisfaction Index (CSI) score, increase
Operations in aeronautical and non-aeronautical business revenue, and contribute to
the environment through the establishment of policies and strategies in
the field of operations to support the achievement of the company’s vision
and mission based on the Company’s Work Plan and Budget (RKAP).
Lukman F. Laisa Director of To ensure an increase in the Customer Satisfaction Index (CSI) score,
Technical Affairs increase in aeronautical and non-aeronautical business revenue, and
contribute to the environment through the establishment of technical
policies and strategies to support the achievement of the company’s vision
and mission based on the Company Work Plan and Budget (RKAP).
Adi Nugroho Director of Human To ensure an increase in the Customer Satisfaction Index (CSI) score, increase
Resources and in aeronautical and non-aeronautical business revenues, and contribute to
General Affairs the environment through the establishment of policies and strategies in
the field of human resources, training and development, public services,
and the Partnership and Community Development Program (PKBL) to
support the achievement of company’s vision and mission based on the
Company Work Plan and Budget (RKAP).
Sardjono Jhony Director of Business To ensure an increase in the Customer Satisfaction Index (CSI) score, increase
Tjitrokusumo Development in aeronautical and non-aeronautical business revenue, and contribute to
the environment through the establishment of policies and strategies in
the field of cooperation, business development and information technology
to support the achievement of the company’s vision and mission based on
the Company Work Plan and Budget (RKAP).
Policy on Concurrent Position of The Board of Directors
The Board of directors of PT Angkasa Pura I SOE Directors. PT Angkasa Pura I (Persero) always
(Persero) does not hold concurrent position discloses a list of concurrent positions of the Board
that violate or not in accordance with applicable of Directors of the Company in office. The list of
regulations, namely Minister of SOE Regulation concurrent positions of members of the Board of
No. PER-01/MBU/2012 concerning Requirements Directors in 2019 is as follows:
and Procedures for Appointment and Dismissal of
Concurrent Position of The Board of Directors
Concurrent
Position in PT Concurrent Position
Position in PT Name of Other
Name Angkasa Pura I in Other Companies/
Angkasa Pura I Company/ Organization
(Persero) Organizations
(Persero)
Faik Fahmi President Director N/A President Commissioner PT Angkasa Pura Suport
Wendo Asrul Rose Director of N/A Commissioner PT Gapura Angkasa

Operations
President Commissioner PT Angkasa Pura Logistik

Novrihandri Director of Finance N/A
Supervisory Board Dapenra
Director of HR and
Adi Nugroho N/A President Commissioner PT Angkasa Pura Hotel
General Affairs
Director of PT Angkasa Pura

Lukman F. Laisa N/A President Commissioner
Technical Affairs Properti

Concurrent Position of The Board of Directors
Concurrent
Position in PT Concurrent Position
Position in PT Name of Other
Name Angkasa Pura I in Other Companies/
Angkasa Pura I Company/ Organization
(Persero) Organizations
(Persero)
Director of
Devy Suradji Marketing and N/A President Commissioner PT Angkasa Pura Retail
Services
Sardjono Jhony Director of Business

N/A Commissioner PT Jasa Marga Bali Tol
Tjitrokusumo Development
Board of Directors Meeting
The directors of PT Angkasa Pura I (Persero) have be discussed at the meeting. Furthermore, the
conformed to the requirement for holding Board agenda must be arranged based on the evaluation
of Directors meetings regularly at least once a outcomes of the previous meeting. Decisions of
month. In addition, the Board of Directors also the Board of Directors Meeting are said to be valid
holds the Internal Routine Meeting once a week and binding if the meeting is attended by more
on Tuesday, as well as meetings with General than ½ (one half) of the number of directors or
Managers, Group Heads, Directors of subsidiaries; their authorized representatives. On the other
and attends Joint Meetings of the Board of hand, in discussing additional agenda items, the
Commissioners and Board of Directors. Summons Board of Directors is not entitled to make decisions
for Board of DirectorsMeetings are carried out in unless the meeting is attended by all members or
writing by members of Board of Directors who their authorized representatives and has approved
are entitled to represent the Company and are the addition of the agenda item for the meeting.
submitted no later than 3 (three) days before the
meeting is held. During emergencies, summon of Agenda Item, Date and Attendance of
meetings can be carried out at short notice. Participant in the Board of Directors
The meeting agenda is prepared by the Corporate Meeting
Secretary and circulated to members of the 1. Internal Meetings of the Board of Directors
Board of Directors prior to the meeting for advice. In 2019, the Board of Directors held 38 meeting
Members of the Board of Commissioners have with the following details.
the right to propose additional agenda items to

Agenda Item, Date and Attendance of Participant in the Board of Directors Meetings of
PT Angkasa Pura I (Persero) in 2019
No Date Agenda Item Participant Attendance Description
1. 3 January 2019 - Discussion on airports in North Bali Faik Fahmi Present

- Discussion on a proposal for I Gusti
Ngurah Rai Bali Airport to host the Wendo Asrul Rose Present
Airport Council Internaitonal (ACI)
Custumer Global Summit. Novrihandri Present
- Presentation of consultant study related
to the transfer of Defined Benefit Adi Nugroho Present
Pension Program (PPMP) to the Defined
Contribution Pension Program (PPIP). Sardjono Jhony Present
- Proposed successor to the General Tjitrokusumo
Manager of I Gusti Ngurah Rai Airport -
Devy Suradji Present
Bali.
- Discussion of bonuses in 2018
Lukman F. Laisa Present
(confidential and limited).
- Others (discussion of advertisement
of Jenderal Ahmad Yani Airport -
Semarang).
2. 9 January 2019 - Proposed company work plan and Faik Fahmi Present
budget (RKAP) in 2019.
- Follow up on the long-term plan business Wendo Asrul Rose Present
(RJPP).
- Planning and expansion of the 2nd Novrihandri Present
floor passenger check-in counter at the
international terminal (Package IV) I Gusti Adi Nugroho Present
Ngurah Rai Airport in Bali by Angkasa
Pura Property. Sardjono Jhony Present
- Presentation on expansion of the Tjitrokusumo
terminal of Sam Ratulangi Airport in
Manado by a consultant (PT Penta).
- Successor of General Manager of I Gusti
Ngurah Rai Airport, Bali.
- Others [commercial activities phase 2 of I
Gusti Ngurah Rai Airport, Bali; operational
and commercial readiness of Yogyakarta
International Airport (YIA) in Kulon Progo]
3. 22 January - Additional equipment for immigration Faik Fahmi Present

2019 facilities at Angkasa Pura I airports.
- Presentation of artwork design scheme Wendo Asrul Rose Present
at Yogyakarta International Airport
(YIA) and General Ahmad Yani Airport, Novrihandri Absent Leave
Semarang by consultants.
- Commercial and operational Adi Nugroho Present
preparations of Yogyakarta International
Airport (YIA). Sardjono Jhony Present
- Progress of taking over of UPT airports Tjitrokusumo
(APT Pranoto Airport in Samarinda,
Syukur Aminudin Amin Luwuk Airport in
Central Sulawesi, and Sentani Airport in
Jayapura).
- Explanation on person in charge of
utilization of idle land assets.

4. 28 January - Update on planned activities in Angkasa Faik Fahmi Present

2019 Pura I anniversary.
- Update of the resolution of Hakaya Hotel Wendo Asrul Rose Absent Sick leave
issue at Sultan Aji Muhammad Sulaiman
(SAMS) Sepinggan Airport in Balikpapan. Novrihandri Absent Annual Leave
- Performance management dissemination
for Directors. Adi Nugroho Present
- Discussion of proposals for successors at
Vice President or General Manager level. Sardjono Jhony Present
- Anticipation of reduced traffic at Sultan Aji Tjitrokusumo
Muhammad Sulaiman (SAMS) Sepinggan
Airport in Balikpapan.
Lukman F. Laisa Absent Official travel
5. 6 February - Submission of Decree (SK) on BoD of Faik Fahmi Present

2019 subsidiaries.
- Public Accounting Firm (KAP) report on Wendo Asrul Rose Absent Sick Leave
2018 financial statements and the Ministry
of Transportation’s Directorate General of Novrihandri Present
Civil Aviation concession treatment.
- Update on the resolution of the problems Adi Nugroho Absent Official travel
of PT Sepinggan Sarana Utama, Hakaya
Hotel in Balikpapan (explained by lawyer). Sardjono Jhony Present
- Preparation of coordination meeting on Tjitrokusumo
conservation area in the development of I
Gusti Ngurah Rai Airport in Bali.
- Meeting PWC on holding SOE entity.
- Program to take over UPT airports from the
Ministry of Transportation.
6. 11 February - Information technology services in Angkasa Faik Fahmi Present

2019 Pura I projects.
- Explanation of feasibility study on the Wendo Asrul Rose Present
development of Terminal 3 (T3) project of
Juanda Airport in Surabaya. Novrihandri Present
- Masterplan of I Gusti Ngurah Rai Airport,
Bali. Adi Nugroho Present
- Proposal by Angkasa Pura Property and
Angkasa Pura Supports on inhouse Sardjono Jhony Present
maintenance. Tjitrokusumo
- Meeting PWC on holding SOE entity.
7. 19 February - Progress of preparations for operations and Faik Fahmi Present

2019 services at Yogyakarta International Airport
(YIA). Wendo Asrul Rose Present
- Progress of information technology service
in the Yogyakarta International Airport (YIA) Novrihandri Present
project.
- Progress on proposal of Angkasa Pura Adi Nugroho Absent Official travel
Property and Angkasa Pura Supports on
inhouse maintenance. Sardjono Jhony Present
- Progress of taking over UPT airports from Tjitrokusumo
the Ministry of Transportation.
- GVK.
- Corrective action.
- Cooperation at Lombok Airport in Praya.

8. March 2019 - Proyek Bandara Internasional Yogyakarta Faik Fahmi Present

(YIA) - Kulon Progo.
Wendo Asrul Rose Present
Novrihandri Present
Adi Nugroho Present
Sardjono Jhony Present

Tjitrokusumo
9. 19 March 2019 - Progress of takeover of UPT airports from Faik Fahmi Present
the Ministry of Transportation.
- Explanation on person in charge of the Wendo Asrul Rose Present
utilization of idle land assets.
- Update on General Ahmad Yani Airport Novrihandri Present
Semarang project.
- Update on Syamsuddin Noor Airport Adi Nugroho Present
Banjarmasin project.
- Holding SOE entity with air Sardjono Jhony Present
transportation facilities and infrastuctue. Tjitrokusumo
- Groundbreaking at Sultan Hasanuddin
Airport, Makassar.
10. 26 March 2019 - Selection of the customer service officer Faik Fahmi Present
uniform design competition winner.
- Transformation blueprint, alignment, Wendo Asrul Rose Absent Official
cascading, organization. travel
- Preparation for the operation of
Yogyakarta International Airport (YIA). Novrihandri Present
- Joint study on establishment of a holding
with air transportation facilities and Adi Nugroho Absent Official
insfrastructure. travel
- Follow up on results of GCG assessment
for Financial Year 2017. Sardjono Jhony Present
- Other issues related to corrective action. Tjitrokusumo
11. 8 April 2019 - Discussion on corrective action. Faik Fahmi Present

- Explanation of updates on idle land
assets. Wendo Asrul Rose Present
- Appointment of a public appraisal service
office (KJPP) in the holding SOE entity. Novrihandri Present
- Road access to the new terminal of
Syamsudin Noor Airport, Banjarmasin. Adi Nugroho Present
- Others (organizing SOE anniversary)
Tjitrokusumo

12. 16 April 2019 - Discussion of corrective actions on Faik Fahmi Present

declining financial performance.
- Management report on realization of Wendo Asrul Rose Present
company work plan and budget (RKAP)
until March 2019. Novrihandri Present
- Progress update of procurement
transformation roadmap. Adi Nugroho Present
- Continue discussion on progress update
of procurement transformation roadmap. Sardjono Jhony Present
Tjitrokusumo
13. 30 April 2019 - Strategic policy related to the case of PT Faik Fahmi Present
Sepinggan Sarana Utama (SSU), owner of
the Hakaya Hotel in Balikpapan. Wendo Asrul Rose Present
- Discussion on airport concessions to the
Ministry of Transportation. Novrihandri Present
- Discussion on corrective actions on
decreasing financial performance Adi Nugroho Present
(revenue and costs).
- Commercial management of SAMS Sardjono Jhony Present
Sepinggan Airport, Balikpapan (2019- Tjitrokusumo
2024).
14. 8 May 2019 - Follow up on GVK subpoena related Faik Fahmi Present
to payment of capacity study and new
airport master plan. Wendo Asrul Rose Absent Official
- Subpoena on cooperation in the travel
Yogyakarta International Airport (YIA)
development project. Novrihandri Present
- Proposed principle permit on hotel at
Syamsudin Noor Airport Banjarmasin by Adi Nugroho Absent Official
Angkasa Pura Hotel. travel
- Presentation on Bali phase 2
- Master concessionaire at SAMS Sardjono Jhony Present
Sepinggan Airport, Balikpapan. Tjitrokusumo
- Successor to Vice President of
Information Technology. Devy Suradji Present
- Strategic partnership at Lombok Airport,
Praya. Lukman F. Laisa Present
15. 13 May 2019 - Accountability for the 2018 annual report. Faik Fahmi Present
- Presentation on video wall and barrier
gate in lobby of head office and cost Wendo Asrul Rose Present
increase in renovating the head office
lobby. Novrihandri Present
- Finalization of discussion on inhouse
maintenance. Adi Nugroho Present
- Proposed remuneration for Board of
Directors and Vice Presidents. Sardjono Jhony Present
- Discussion on P4DP investigation Tjitrokusumo
outcomes (confidential).
- Discussion of corrective actions on

16. 28 May 2019 - Feasibility study of location and Faik Fahmi Present
preparation of a new airport master plan
in East Java Province. Wendo Asrul Rose Present
- Flow and space function in the
development of the terminal of Sultan Novrihandri Present
Hasanuddin Airport, Makassar.
- Demo of procurement system plan. Adi Nugroho Present
- Presentation of content management
platform. Sardjono Jhony Present
- Resolution of GVK issue. Tjitrokusumo
- Presentation of information technology
roadmap from Angkasa Pura Supports
and Task Force - Digital Transformation
Program.
17. 14 June 2019 - Video conference related to corrective Faik Fahmi Present
action on declining performance.
Novrihandri Present
Adi Nugroho Present

Tjitrokusumo
18. 18 June 2019 - Cooperation plan with the Directorate Faik Fahmi Present
General of Immigration.
- Discussion of corrective actions on Wendo Asrul Rose Absent
decreasing financial performance
(revenue and costs). Novrihandri Present
- Discussion of performance in Quarter 1
2019. Adi Nugroho Absent
- Proposal for the development of hotel in
Yogyakarta International Airport (YIA) . Sardjono Jhony Present
- Proposed successor one level below the Tjitrokusumo
Board of Directors (confidential).
- Progress of taking over cooperation at Devy Suradji Present
new airport (Sentani Airport, Jayapura)
19. 25 June 2019 - Follow up related to GMS of subsidiaries Faik Fahmi Present
(bonuses, remuneration and targets).
- Strategic partnership at Lombok Airport, Wendo Asrul Rose Present
Praya.
- Discussion of corrective actions on Novrihandri Present
- Information technology roadmap. Adi Nugroho Present
- Digital airport roadmap.
Tjitrokusumo

20. 2 July 2019 - Kick off meeting transformation project Faik Fahmi Present
(transformation business, organization,
and workforce of Angkasa Pura I towards a Wendo Asrul Rose Present
global airport player).
- Discussion of corrective actions on Novrihandri Present
- Strategic partnership at Lombok Airport in Adi Nugroho Present
Praya - progress and timeline.
- Completion of package design 1 for the Sardjono Jhony Present
development project of Sultan Hasanuddin Tjitrokusumo
Airport, Makassar.
- Follow up on GVK subpoena related to
capacity study.
- GVK subpoena related to the master plan of
Yogyakarta International Airport (YIA).
- Progress of establishing e-POS at I Gusti
Ngurah Rai Airport, Bali and Jenderal
Ahmad Yani Airport, Semarang.
- Discussion on procurement transformation.
21. 8 July 2019 - Discussion of corrective actions on Faik Fahmi Present

- Preparation of BoD and BoC meeting: Wendo Asrul Rose Present
operating and financial performance until
May 2019. Novrihandri Present
- Remuneration
Adi Nugroho Present
Sardjono Jhony Present Official

Tjitrokusumo travel
22. 16 July 2019 - Resolution of GVK issue. Faik Fahmi Absent Official
travel
Novrihandri Present
Adi Nugroho Present

Tjitrokusumo
Devy Suradji Absent Annual

Leave
23. 26 July 2019 - Preparation of BoD and BoC meeting: Faik Fahmi Present
realization of RKAP until semester I of 2019,
proposed revision of the exploitation and Wendo Asrul Rose Present
investment of RKAP in 2019.
- Discussion on design of the new terminal at Novrihandri Present
Syamsudin Noor Airport, Banjarmasin.
- Preparation for operations at Yogyakarta Adi Nugroho Present
International Airport (YIA).
Sardjono Jhony Presentv
Tjitrokusumo

24. 29 July 2019 - Preparation of BoD and BoC meeting: Faik Fahmi Present
realization of RKAP semester 1 of 2019,
proposed revision of the exploitation Wendo Asrul Rose Present
and investment of RKAP 2019, strategic
partnership at Lombok Airport, Praya. Novrihandri Present
- Strategic procurement related to
business process and discussion on Adi Nugroho Present
e-procurement related to the Information
Technology Division. Sardjono Jhony Present
- Discussion of business and asset Tjitrokusumo
valuations of PT Angkasa Pura I in
establishing holding aviation entity.
25. 8 August 2019 - Discuss on the concept of owned Faik Fahmi Present
brand hotel of Angkasa Pura Hotel at
Syamsudin Noor Airport, Banjarmasin. Wendo Asrul Rose Absent Official
- Partnership at I Gusti Ngurah Rai Airport travel
in Bali, phase 2.
- Progress of preparation for “The 2nd ACI Novrihandri Present
Customer Experience Global Summit
2019”. Adi Nugroho Present
- Interior design concept of Terminal 1 (T1)
Juanda Airport, Surabaya. Sardjono Jhony Present
- Presentation on new East Java Airport. Tjitrokusumo
- Preparation for full operations at
Yogyakarta International Airport (YIA).
- ICT e-POS real time (service agent)
26. 21 August 2019 - Concept of owned brand hotel of Faik Fahmi Present
Angkasa Pura Hotel.
- Discussion of capital injection at Wendo Asrul Rose Present
subsidiaries.
- Progress on project management of Novrihandri Present
Aeronautical Information Publication
(AIP) and airport operation control center Adi Nugroho Present
(AOCC/s)
Tjitrokusumo
Lukman F. Laisa Absent Official

travel
27. 12 September - Chronological description of Labuan Bajo Faik Fahmi Present

2019 Airport.
- Appointment of Angkasa Pura Supports Wendo Asrul Rose Present
related to airport operation control center
(AOCC) and aeronautical information Novrihandri Present
publication (AIP) at Yogyakarta
International Airport (YIA). Adi Nugroho Present
- Progress of Yogyakarta International
Airport (YIA) project. Sardjono Jhony Present
- Presentation on artwork and interior Tjitrokusumo
design of terminal building at
Syamsuddin Noor Airport, Banjarmasin.
- Update on RKAP revision in 2019.

28. 17 September - Meeting with Incheon Airport partners: Faik Fahmi Present
2019 presentation on Hang Nadim Batam
Airport. Wendo Asrul Rose Present
- Update on progress at Sentani Jayapura
Airport. Novrihandri Absent Official
- Relared discussion (career path, early travel
retirement concept, Sentani Airport HR
scheme). Adi Nugroho Present
- Proposed company work plan & budget
2020. Sardjono Jhony Present
Tjitrokusumo
29. 30 September - Resolution of common uses check-in Faik Fahmi Present

2019 – 1 system (CUCS) problems.
October 2019 - Related to the establishment of holding, Wendo Asrul Rose Present
authority on 5-year agreement, hotel
construction of Angkasa Pura Hotel at Novrihandri Present
Syamsudin Noor Airport, Banjarmasin.
- Presentation on results of building audit. Adi Nugroho Present
- Realization of RKAP 2019 (including
subsidiaries) Sardjono Jhony Present
Tjitrokusumo
30. 9 October 2019 - Proposal related to amendments to Faik Fahmi Present

collective labor agreement (PKB) for
2019-2021. Wendo Asrul Rose Present
- Report of subsidiaries: performance
until September 2019 and work program Novrihandri Present
targets to be achieved by December 2019.
- Presentation on breakdown of non- Adi Nugroho Present
aeronautical revenue (potential for
increased income) and utilization of Sardjono Jhony Present
potentially impaired assets. Tjitrokusumo
31. 15 October - Report of subsidiaries: performance Faik Fahmi Present

2019 until September 2019 and work program
targets to be achieved by December 2019. Wendo Asrul Rose Present
- Service agent & common use check-in
system (CUCS). Novrihandri Present
Adi Nugroho Present

Tjitrokusumo

32. 22 October - Explanation on enterprise architecture Faik Fahmi Present

2019 development.
- Proposed RKAP 2020. Wendo Asrul Rose Present
- Realization of key performance index
(KPI) achievements in Quarter III 2019. Novrihandri Present
- Report on the progress of the work of
transforming business, organization, and Adi Nugroho Present
workforce of Angkasa Pura I towards a
global airport player by Korn Ferry. Sardjono Jhony Present
- Discussion of successors to General Tjitrokusumo
Manager, Vice President and Board of
Directors of subsidiaries (confidential).
33. 13 November - Progress report on key performance Faik Fahmi Present

2019 indicators (KPI) in 2019.
- Proposed contribution to the selection of Wendo Asrul Rose Present
domestic corridor of I Gusti Ngurah Rai
Airport, Bali. Novrihandri Present
- Final explanation on pros and cons
of SITA Technology proposal by Adi Nugroho Present
the Information Technology Team,
Aeronautics Team and Angkasa Pura Sardjono Jhony Present
Supports (for decision making). Tjitrokusumo
- Angkasa Pura I website.
- Explanation on the comparison of data
integration products (service agent/
e-POS).
- Explanation on assessment of public
appraisal service office (KJPP) related to
LinkAja investment.
- Others (Kelan Bay concept).
34. 20 November - Progress report on key performance Faik Fahmi Present

2019 indicators (KPI) in 2019.
- Discussion of follow up to technical Wendo Asrul Rose Present
meeting of proposed RKAP 2020 with
shareholders. Novrihandri Present
- Presentation material of work visit of
Commission V and Commission VI of the Adi Nugroho Present
Indonesian Parliament at I Gusti Ngurah
Rai Airport Bali. Sardjono Jhony Absent Annual leave
- Others (directives of the SOE Minister to Tjitrokusumo
the President Director).
35. 26 November - Presentation on new East Java Airport. Faik Fahmi Present
2019 - Discussion of proposed RKAP 2020.
- Guidelines for strategic partnership. Wendo Asrul Rose Present
Novrihandri Absent Official

travel
Adi Nugroho Present

Tjitrokusumo

36. 3 December - Presentation on proposed RKAP 2020 Faik Fahmi Present

2019 (preparation for GMS).
- Presentation on KPI in 2020. Wendo Asrul Rose Present
- Payment for formation of Cooperation
between the Government and Business Novrihandri Present
Entity (PPP) consortium at Hang Nadim
Airport, Batam. Adi Nugroho Present
- Others
Tjitrokusumo
37. 11 December - Discussion on performance and capital Faik Fahmi Present

2019 injection of subsidiaries.
- Discussion on impairment of Wendo Asrul Rose Present
unproductive assets.
- Presentation on comprehensive review Novrihandri Present
of SITA by the IT Team, Aeronautics Team,
and Angkasa Pura Supports. Adi Nugroho Present
- Presentation related to in-depth study
of consortium for the management of Sardjono Jhony Present
Hang Nadim Airport, Batam. Tjitrokusumo
38. 17 December - Update on implementation of Faik Fahmi Present

2019 transformation by consultant Korn Ferry.
- Preparation for inauguration of the new Wendo Asrul Rose Present
terminal of Syamsudin Noor Airport,
Banjarmasin. Novrihandri Present
- Presentation material for technical
meetings with Deputy Minister of SOE. Adi Nugroho Present

Tjitrokusumo
Devy Suradji Absent Official

travel
Frequency and Attendance of Board of Directors Meeting
During 2018, the Board of Directors held 36 of Commissioners and Board of Directors. The
(thirty six) internal meetings, 3 (three) leadership frequency and attendance of meetings of the
meetings, and 9 (nine) joint meetings of the Board respective Director are as follows:

Frequency and Attendance of Board of Directors Meeting at PT Angkasa Pura I (Persero) in 2019
BoD Meeting Joint Meeting
Total Meeting and (%) Total Meeting and (%)

Name Position Attendance Attendance

% %
Meeting Attendance Meeting Attendance
Faik Fahmi President Director 38 37 97,37 12 8 66,67
Wendo Asrul Rose Director of Operations 38 34 89,47 12 7 58,33
Novrihandri Director of Finance 38 33 86,84 12 10 83,33
Adi Nugroho Director of HR and General 38 35 92,11 12 7 58,33

Affairs
Lukman F. Laisa Director of Technical Affairs 38 36 94,74 12 7 58,33
Devy Suradji Director of Marketing and 38 36 94,74 12 8 66,67

Services
Sardjono Jhony Director of International 38 36 94,74 12 7 58,33

Tjitrokusumo Relations and Business
Development
Decisions and Implementation of Duties of the Board of Directors
During 2019, the Board of Directors carried out 7. Supervising and improving internal business
its duties and responsibilities by making various processes, including following up on the
strategic decisions as follows: findings of Internal Audit and external auditors.
1. Establishing the new vision and mission 8. Resolving the Company problems, especially
statements of PT Angkasa Pura I (Persero). legal issues being faced by the Company.
2. Conducting corporate planning and 9. Supervising the performance and problems of
formulation of the Company Long-Term subsidiaries.
Business Plan. 10. Implementing other tasks related to company
3. Meeting the performance targets of the management.
company based on financial, operational and
administrative aspects. From the implementation of the above duties,
4. Developing the Company Business, among the Board of Directors issued several decisions
others through the development of several and recommendations set forth in decrees in
airports in Banjarmasin, Semarang and accordance with its authority and responsibilities,
Yogyakarta. among others, as presented in the following table.
5. Formulating corrective actions and revenue
enhancement measures to deal with a decline
in traffic.
6. Organizing Board of Directors Meetings,
attending Joint Meetings with the Board of
Commissioners, and GMS.

Board of Directors Decrees of PT Angkasa Pura I (Persero) in 2019
No Decree Number Date Subject
1. SKEP.07/KB.08/2019 18 January 2019 Alignment of Work Program 2019 for Director of Marketing
and Services
2. SKEP.09/KU.11/2019 28 January 2019 Corporate Funding Team Through Financial Institution

Loans in PT Angkasa Pura I (Persero)
3. SKEP.10/HM.02/2019 1 February 2019 Selection of the Airport Ambassador for 2019
4. SKEP.40/HM.02/2019 8 February 2019 Management of Information and Documentation by

PPID within PT Angkasa Pura I (Persero)
5. SKEP.44/KP.10/2019 15 February 2019 Religious Festivity Allowance 2019
6. SKEP.74/KU.01.01/2019 27 February 2019 Committee to Prepare RKAP on Investment of PT Angkasa

Pura I (Persero) in 2020
7. SKEP.82/KP.14/2019 19 March 2019 The Committee for Supervision and Investigation of

Employee Disciplinary Violations (P4DP) at Head Office
8. SKEP.87/PL.07/2019 27 March 2019 Amendment to SKEP.193/2018 on Write-Off of

Unproductive Fixed Assets of PT Angkasa Pura I (Persero)
9. SKEP.99/TK.09/2019 16 April 2019 Extension of Technical Team for Monitoring and Evaluating
Airport Runway within PT Angkasa Pura I (Persero)
10. SKEP.103/DL.04.02/2019 25 April 2019 Airport Officer Management Training Batch V 2019
11. KEP.105/KB.03/2019 26 April 2019 Terminal Entrance Fee at Yogjakarta International Airport
12. SKEP.106/KB.03.05/2019 30 April 2019 Terminal Entrance Fee at Ngurah Rai Airport, Bali
13. SKEP.109/OM.04/2019 3 May 2019 Performance Excellence Evaluation Criteria (KPKU)

Implementation Team 2019
14. SKEP.111/OM.04/2019 7 May 2019 Guidelines for the Company’s Code of Conduct
15. KEP.114/OM.02.08/2019 13 May 2019 Guidelines for Making Commercial Agreements Using
Generate Legal
16. KEP.130/OM.02.06/2019 14 June 2019 Guidelines for Commercial Activities of SBU of Ngurah Rai
Airport, Bali
17. SKEP.142/OM.04/2019 9 July 2019 Human Capital Information System (HCIS) Development
Team
18. SKEP.144/OM.01/2019 12 July 2019 Guidelines for Work Procedures of the Board of Directors
and the Board of Commissioners
19. SKEP.150 1 August 2019 Selection Team for Commercial Area of Master Concession
of Sepinggan Airport
20. SKEP.161/OM.01/2019 28 August 2019 Innovation Implementation Team in PT Angkasa Pura I

(Persero)
21. KEP.166/OM.01.01/2019 30 September 2019 Amendment to KEP.86/2019 Concerning Guidelines for

Implementing Duties and Responsibilities
22. KEP.167/KP.04/2019 7 October 2019 Employee Training and Development Pattern in PT

23. SKEP.180 7 November 2019 Terminal and Facilities Expansion Team in Manado Airport

Board of Directors Decrees of PT Angkasa Pura I (Persero) in 2019
No Decree Number Date Subject
24. KEP.204/KU.13/2019 23 December 2019 Guidelines for Corporate Social Responsibility (CSR)
Program in PT Angkasa Pura I (Persero)
25. SKEP.200 23 December 2019 PJP4U and PJP2U Tariffs at Check-in Counter in Sentani
Airport Jayapura
26. KEP.208/KB.08/2019 28 December 2019 PJP2U Tariff for Domestic and Overseas Air Transport at
Semarang Airport
27. KEP.212/HK.01.01/2019 31 December 2019 Amendment to KEP.69/2018 concerning Guidelines for

Violations Reporting System
Performance Evaluation of Board of Directors
The performance of Board of Directors is 1. Finance and Markets;

periodically evaluated based on Key Performance 2. Customer Focus;
Indicators (KPI) that have been approved by 3. Effectiveness of Products and Processes;
Shareholders through a Management Contract. 4. Workforce Focus;
In addition, performance evaluation of the board 5. Leadership, Governance and Social
of directors is also carried out through the GCG Responsibility; and
assessment approach. 6. Agent of Development.
Performance Evaluation of the Board The performance of the Board of Directors was
of Directors Based on KPIs assessed by shareholders at the GMS at the
Performance evaluation of the Board of Directors time when the Board of Directors submitted the
based on KPIs is conducted with reference to accountability report for its performance in 2019.
the Ministry of SOE Letter No. S-08/S.MBU/2013 The results of the performance evaluation based
dated January 16, 2013 and is in accordance on the 2019 KPIs are shown in the following table.
with the directive of Shareholder Aspiration No.
S-487/MBU/08/2017 dated August 31, 2017. The
performance evaluation indicators for Board of
Directors include:
Performance Evaluation of the Board of Directors Based on Key Performance Indicators

of PT Angkasa Pura I (Persero) in 2019
Achievement Score
Key Performance Indicator
Weight Score
Finance and Markets 20,00 17,50
Customer Focus 20,00 20,68
Effectiveness of Products and Processes 17,00 10,72
Workforce Focus 16,00 16,70
Leadership, Governance and Social Responsibility 15,00 15,00
Agent of Development 10,00 9,75
Weight 100,00 90,35

Performance Evaluation Based on GCG

Assessment
Besides KPIs, the performance of the Board 11. Execution of quality and effective internal
of Directors is also evaluated based on GCG supervision.
assessment. In this regard, PT Sierra Bisnis 12. Execution of quality and effective Corporate
Konsulting, an independent external party, Secretary functions.
conducted the performance evaluation through 13. Holding the Annual GMS and other GMS
GCG assessment. The implementation of in accordance with the prevailing laws and
evaluation was conducted with reference to regulations.
the Secretary of Ministry of SOEs Decree No. SK-
16/S.MBU/2012 dated June 6, 2012 concerning Based on the evaluation criteria, the performance
Assessment and Evaluation Indicators/Parameters of the Board of Directors in 2018 obtained a score of
for the Implementation of Good Corporate 33.60 with 95.99% achievement and the predicate
Governance at SOEs. of ‘very good’. This achievement indicated an
increase from the previous year as the Board of
The evaluation criteria for the performance of the Directors made improvements to the criteria as
Board of Directors based on GCG assessment follows: had clear division of duties/functions,
include: authorities and responsibilities, prepared corporate
1. Implementation of training/learning programs plans, and implemented operational and financial
for the Board of Directors. controls on the execution of company plans and
2. Clear division of duties/ functions, authorities policies. In addition, the Board of Directors also
and responsibilities of the Board of Directors. implemented value-added relationships for the
3. Preparation of corporate plans. company and stakeholders. The GCG performance
4. Fulfillment of the company performance is deemed very good/good in terms of monitoring
targets. and managing the potential conflict of interests
5. Implementation of operational and financial of members of the Board of Directors and
control on the implementation of company management under the Board of Directors, and
plans and policies. the execution of a quality and effective corporate
6. Implementation of the company management secretary functions. Further, GCG performance
in accordance with the applicable laws and that needs attention and improvement is related
regulations and the Articles of Association. to the availability of guidelines and procedures for
7. Implementation of value-added relationships control and confidentiality of information.
for the company and stakeholders.
8. Monitoring and management of potential
conflicts of interest of members of the Board
of Directors and management under the
Board of Directors.
9. Implementation of information and
communication disclosure, and the delivery
of information to the Board of Commissioners
and Shareholders in a timely manner.
10. Holding of Board of Directors meetings
and attendance at Board of Commissioners
meetings.

Performance Evaluation of Committees Under the Board of

Directors, Internal Audit Unit, Compliance & Risk Management
Unit, and Other Work Units
In carrying out its duties, the Board of Directors Besides the Risk Management Committee, the
is assisted by the Risk Management Committee, Internal Audit Unit and the Compliance & Risk
which is directly responsible under the Board of Management Unit also support the Board of
Directors. In 2019, this Committee assisted the Directors. In accordance with its annual evaluation
Board of Directors to implement evaluation of risk based on KPIs, the Internal Audit Unit has delivered
management policies and conducted a review a fairly good performance, namely by being able
of the Roadmap for the Implementation of the to follow up 445 out of 449 recommendations
Company Risk Management. In addition, the Risk from the total operational examinations in 2019,
Management Committee also held a meeting in or 99%. On the other hand, the Compliance
October 2019 which discussed the agenda items & Risk Management Unit assisted the Board
of proposal of determination of the Company risk of Directors through the implementation of a
tolerance, refreshing Risk Management Guidelines management maturity assessment system. In
KEP.176/OM.02.05/2018, as well as discussion of the 2019, the Company’s risk management maturity
Company strategic risks. Throughout the reporting level achieved a score of 3.37 from a scale of 5. In
period, the Board of Directors considered that general, all levels of the Company’s management
the Risk Management Committee carried out its have recorded good performance, as seen in the
duties and responsibilities appropriately. Company’s KPI score of 90.27 from the target of
100.00.
Diversity of Board of Commissioners

and Board of Directors
Policy on Composition Diversity of the Board of Commissioners
and Its Implementation
The Minister of SOE Regulation No. PER-02/ different educational backgrounds, experience
MBU/02/2015 concerning Requirements and and expertise in accordance with the needs of the
Procedures for Appointment and Dismissal Company.
of Members of Board of Commissioners and In 2019, PT Angkasa Pura I (Persero) was fully aware
Supervisory Board of SOE provides a reference that all members of the Board of Commissioners
for PT Angkasa Pura I (Persero) to ensure diversity were males. The company can ensure that this
of the Board of Commissioners and Board of was not intentional, but rather caused by the lack
Directors. of females interested in working in the airports
industry.
The process of selecting the Board of Commissioners
does not distinguish the backgrounds of the The composition diversity of members of the Board
identity of candidates, but prioritizes quality and of Commissioners in 2019 can be seen further as
competency considerations. Related to the aspect follows.
of diversity, PT Angkasa Pura I (Persero) I strives for
the members of Board of Commissioners to have

Diversity of Board of Commissioners in PT Angkasa Pura I (Persero) in 2019
No Name Position Gender Education Level Experience and Expertise
1 Djoko Sasono President Male Doctorate, Transportation Spatial planning, infrastructure,

Commissioner Planning and Policy transportation systems, land
(Urban Engineering) transportation, planning and
development
2 Harry Z. Soeratin Commissioner Male Doctorate, Business and Finance, social counseling
Commerce
3 Suprasetyo Commissioner Male Bachelor of Chemical Air transportation, quality control,

Engineering flight safety, emergency services
4 Ali Mochtar Ngabalin Commissioner Male Doctorate Political communications, public

policy
5 Tri Budi Satriyo Commissioner Male Master of Management Indonesian Air Force, airspace
security
Policy on Diversity in the Composition of the Board of

Directors and Its Implementation
The policy on diversity of the Board of Directors PT Angkasa Pura I (Persero) also ensures diversity
is implemented in PT Angkasa Pura I (Persero) of the Board of Directors in accordance with the
based on Minister of SOE Regulation No. PER- needs of operational strategy, risk management
01/MBU/2012 concerning Requirements and and business development of the Company.
Procedures for Appointment and Dismissal of
Members of Board of Directors at SOEs. This As of 2019, PT Angkasa Pura I (Persero) considered
regulation requires prospective candidates for that the number of female professionals working
members of the Board of Director to fulfill the in the airport industry was far lower than ther male
criteria, such as experience, expertise, integrity, counterparts. As a result, the composition of the
leadership, and high dedication to the airport Board of Directors as of end-2019 was entirely male
industry, particularly in developing PT Angkasa in terms of gender. PT Angkasa Pura I (Persero)
Pura I (Persero). ensures that this is not the result of discriminatory
policies, but is based on selection carried out in a
The selection, determination and appointment of professional manner.
the Board of Directors are not based on identity
considerations, but rather emphasize the ability and The following table shows the diversity of members
expertise as well as the ethics of individual behavior. of the Board of Directors in 2019.
Diversity of Board of Directors in PT Angkasa Pura I (Persero) in 2019
1 Faik Fahmi President Male Bachelor of Economics Aviation services, commercial

Director and business development, port
business activities
2 Novrihandri Director of Male Master of Management Accounting, finance, business

Finance development, human resources

Diversity of Board of Directors in PT Angkasa Pura I (Persero) in 2019
3 Devy Suradji Director of Female Master of Management, competency

Marketing and Environmental development, marketing,
Services Health Management communications, airport
development
4 Wendo Asrul Rose Director of Male Bachelor of Airport operationalization, airport

Operations Mechanical technical supervision
Engineering
5 Lukman F. Laisa Director of Male Bachelor of Civil Civil engineering, airport

Technical Affairs Engineering construction, planning, air
transportation
6 Adi Nugroho Director of HR & Male Doctorate of Service Commercialization, business

General Affairs Management development, project analysis
7 Sardjono Jhony Director of Male Aviation College Airplane flight, business

Tjitrokusumo Business management and airline
Development operations, entrepreneurship in
aviation service industry
GCG Assessment
Every year, PT Angkasa Pura I (Persero) conducts the GCG assessment. The objective is to determine the
achievements of GCG activities and aspects that need to be improved to enhance the effectiveness and
quality of corporate governance.
Assessment Criteria Assessor

GCG assessment is carried out based on the In 2019, GCG assessment of PT Angkasa Pura I
assessment criteria or indicators stipulated in the (Persero) for Financial Year 2018 was carried out by
Secretary of Ministry of SOE Decree No. SK-16/S. PT Sierra Bisnis Konsulting.
MBU/2012 dated June 6, 2012 concerning Indicators/
Parameters of Assessment and Evaluation for the Assessment Score
Implementation of Good Corporate Governance The assessment for Financial Year 2018 indicated
at SOEs. The criteria and indicators include the that PT Angkasa Pura I (Persero) has succeeded in
following aspects: increasing GCG implementation with satisfactory
1. Commitment to the implementation of Good results. The GCG assessment results of PT Angkasa
Corporate Governance on an ongoing basis; Pura I (Persero) in the last 5 (five) years are as
2. Shareholders and GMS/Capital Owners; follows.
3. Board of Commissioners/ Supervisory Board;
4. Board of Directors;
5. Disclosure of information and transparency;
and
6. Other aspects.

GCG Assessment Results of PT Angkasa Pura I (Persero) in 2015 – 2019
GCG Assessment
GCG Assessment Year Category Assessor
Score
2019 91,58 Excellent PT Sierra Bisnis Konsulting
2018 91,34 Excellent PT Sierra Bisnis Konsulting
2017 90,85 Excellent PT Bumi Pertiwi Mandiri
2016 90,83 Excellent PT Adikarya Gemilang Solusindo
2015 90,46 Excellent PT Bumi Pertiwi Mandiri
The results of GCG assessment for each indicator for Financial Year 2018 conducted in 2019 is presented in
more detail as follows.
GCG Assessment of PT Angkasa Pura I in 2019
Achievement
No Criteria Weight Score
(%)
1. Commitment to Sustainable Implementation of Good 7 6,21 88,77

Corporate Governance
2. Shareholders and GMS/Capital Owners 9 8,02 89,11
3. Board of Commissioners 35 34,14 97,55
4. Board of Directors 35 33,60 95,99
5. Disclosure of Information and Transparency 9 7,11 79,03
6. Other Aspects 5 2,50 50,00
Total Score 100 91,58 91,58
GCG Implementation Quality Excellent
The implementation of GCG assessment indicates However, while the GCG assessment has shown
high scores related to the aspects of the Board of improvements, PT Angkasa Pura I (Persero) needs
Commissioners with the achievement of 97.55% to make further enhancements so as to obtain
and the Board of Directors with the achievement an accurate overview of governance conditions
of 95.99%. The overall excellent achievement has within the organization as information or input
been affected by the Board of Commissioners for Shareholders, Board of Commissioners and
and Board of Directors aspects with the highest Board of Directors in making important decisions,
weight as compared to other aspects, where the especially on enhancing GCG implementation in
assessment of these two aspects had a significant the future. The areas for improvement are listed in
effect on the achievement score. the Recommendations and Follow-Ups section.

Recommendations and Follow-Ups
Apart from the GCG assessment which has shown followed up on recommendations from the
encouraging results, PT Angkasa Pura I (Persero) assessors in an effort to improve management
continues to strive to improve GCG implementation processes. Some of the recommendations received
in the future. The Company has received and during 2019 are as follows.
Rekomendasi dan Tindak Lanjut hasil GCG Assessment PT Angkasa Pura I (Persero) Tahun 2019
No Recommendation Follow-Up
1. Appoint a member of Board of Directors as the The Director of Finance has been appointed as the person
person responsible for implementing and monitoring responsible for implementing and monitoring GCG within
GCG within the scope of the Board of Directors and the scope of Board of Directors and management.
management.
2. Prepare guidelines and/or procedures on control and Accommodated through Board of Directors Decree No.
confidentiality of Company information. KEP.11/OM.02.08/2020 concerning PT Angkasa Pura I
(Persero) Public Information Services Guidelines.
3. Determine job descriptions for members of the Board Draft Board of Directors Decree was under preparation
of Directors who are responsible for implementing regarding person in charge of GCG implementation.
and monitoring GCG within the scope of the Board of
Directors and management.
4. Sign commitments to comply with Guidelines on Signatures of the Board of Commissioners and Board
Company Code of Conduct. Directors have been compiled for inclusion in the
Document of Enforcement of the Company Code of
Conduct.
5. Ratify the Guidelines for Gratification Control through The Guidelines for Gratification Control are being refined
joint decree of the Board of Commissioners and and to be re-submitted for ratification as a joint decree of
Board of Directors. the Board of Commissioners and Board Directors.
6. Prepare Internal Control Guidelines. Under process of drafting Internal Control Guidelines .
7. Improve compliance with applicable laws and Compliance level increased from 93% to 95% in Semester
regulations and improve the culture of compliance in II of 2019.
the Company.
8. Prepare guidelines and/or procedures for mentoring Under process of drafting guidelines and/or procedures
subsidiaries. for mentoring subsidiaries.
9. Complete guidelines and/or procedures for all the Quality procedures for the main business activities of the
main business activities in the Company. Company have been completed.
10. Complete all of the Company’s managed airports Certification process has been completed.
with occupational safety certification.
11. Certify all equipment related to occupational health Certification process has been completed.
and safety at branch offices.
12. Prepare and/or align the Airports Long-Term Plan Waiting for feedback from branch offices on the draft
(RJPB) for respective Company’s managed airports RJPB.
with the Long-Term Business Plan (RJPP).
13. Prepare guidelines, procedures and/or work 1. Under process of preparing the KPI guidelines draft for
instructions regarding performance evaluation or KPI the work units.
of work units and individuals. 2. Individual KPIs have been accommodated under
Board of Directors Decree No. KEP.70/OM.02.05/ 1013
concerning Performance Management System (PMS)
of PT Angkasa Pura I (Persero).
14. Fill vacancies in structural positions in branch offices. Under process of filling various positions through draft
Board of Directors SKEP, and other positions are being
discussed with the Mentoring Unit.

No Recommendation Follow-Up
15. Complete licensing for all employees in branch A request has been submitted to the Training &
offices, who in carrying out their respective duties and Development Unit to include prospective candidates
responsibilities require licenses from the competent in the initial training before the relevant persons are
authorities. appointed as prospective employees.
16. Provide an information system that accommodates Accommodated through the use of learning applications
proposals independently regarding the requirement such as LMS e-Learning Angkasa Pura I; CBT XScreer; CBT
for education and training of employees in fulfilling Pro; APLICON; APLIX; and APKNOW.
their respective responsibilities and tasks.
17. Formally determine the results of workload analysis Will issue the procedures for workload analysis calculations
calculations.through Board of Directors Decree . through the Board of Directors Decree.
18. Provide data access for Head Office and branch office Accommodated in the academic calendar.
work units concerning education and training data
that shall be participated by all employees, to facilitate
education and training planning.
19. Instruct all employees who attended education and Accommodated through Board of Directors Decree No.
training both internally and externally to carry out KEP.167/KP.04/2019 concerning Scheme of Employee
knowledge transfer in their respective work units. Training and Development at PT Angkasa Pura I (Persero).
20. Arrange and administer handover of a position 1. Hold inauguration of officials every time there is a
satisfactorily in the process of changing structural change (mutation/rotation) of position
officials. 2. Require employees who are being rotated/mutated/
promoted to submit Minutes of Position Handover in
accordance with the Board of Directors circular
21. Complement all of the Company’s core activities or Accommodated through the HCIS application.
business with the required information technology
systems (application systems).
22. Compile a list of fixed assets or identify in the current Data grouping will be carried out for mandatory assets in
list of fixed assets on equipment at branch offices the company asset list
which according to the laws and regulations must be
in good running order, to facilitate monitoring of the
availability and condition of each equipment.
23. Conduct assessment or evaluation of the effectiveness Assessment will be carried out after the Internal Control
of corporate internal control. Guidelines are completed by the Risk Management Unit.
24. Follow up on all findings of SPI audit. Complete the quarterly report on follow-up of findings in
2018.
25. Conduct quality assurance measurements on SPI In the process of ToR preparation for selection of consultant
(evaluate the quality and performance of SPI to be to conduct the assessment.
compared with professional standards and best
practices).
26. Resolve ongoing claims, disputes or problems related Resolved ongoing disputes or problems related to
to business transactions with other parties or partners. business transactions with other parties or partners.

Remuneration Policy
of the Board of Commissioners and
Board of Directors
Remuneration of the Board of Commissioners and Government regulations, the remuneration policy
Board of Directors is realized with reference to the considers several aspects of the Company financial
provisions of Minister of SOE Regulation No. PER- performance, such as short-term and long-
06/MBU/06/2018 dated June 4, 2018 concerning term liquidity requirements, capital adequacy
Third Amendment to Minister of SOE Regulation and strengthening, and financial stability. The
No. PER-04/MBU/2014 concerning Guidelines for remuneration policy is also determined based on
Determining the Income of Board of Directors, the effectiveness of risk management, as well as
Board of Commissioners, and Supervisory Board potential revenue in the future.
at SOEs. In addition to taking into account to
Remuneration of the Board of Commissioners

Proposal and Determination of Shareholders and Controllers, to be then ratified
Remuneration Procedure of the Board through the GMS mechanism.
of Commissioners
Proposal and determination of remuneration Indicators for Determination of
procedure of the Board of Commissioners adheres Remuneration of the Board of
to the provisions of the Minister of SOE regulation Commissioners
and based on instruction of the GMS. In general, Based on Minister of SOE Regulation No. PER-06/
the remuneration rate is proposed by the Board of MBU/06/2018 dated June 4, 2018, indicators for
Commissioners based on considerations prepared determining remuneration of members of the
by the Nomination and Remuneration Committee. Board of Commissioners are as follows:
1. Business scale;
PT Angkasa Pura I (Persero) responds to other 2. Business complexity;
regulations governing corporate governance 3. Inflation rate;
as SOEs, specifically SOE Ministerial Regulation 4. Financial situation and capacity of the
No. PER-12 / MBU / 2012 concerning Supporting Company; and
Organs for the Board of Commissioners / BUMN 5. Other relevant factors that do not conflict with
Supervisory Board. applicable laws and regulations.
At the time this report was published, dated April Remuneration Structure of Members of
22, 2020, PT Angkasa Pura I (Persero) formed the Board of Commissioners
a Nomination and Remuneration Committee The remuneration structure of the Board of
as stipulated in the Decree of the Board of Commissioners has been determined as follows.
Commissioners No. KEP.05 / DK.AP.I / 2020. The
remuneration proposal is forwarded to the Main
Remuneration Structure
No Income Type Determination Description
1. Honorarium Rp 101.250.000,-/month (45% of a. President Commissioner: 100%

President Director). b. Commissioner: 90% of President
Commissioner

Remuneration Structure
No Income Type Determination Description
2. Allowance
Religious Festivity 1 (one) month of Honorarium. In accordance with PER-04/MBU/2014

Allowance as amended for the last time by PER-01/
MBU/05/2019.
Transportation 20% of Honorarium. In accordance with PER-04/MBU/2014

Allowance as amended the last time by PER-01/
MBU/05/2019.
Post-Employment Insurance premium not exceeding In accordance with PER-04/MBU/2014

Insurance 25% of Honorarium. as amended the last time by PER-01/
MBU/05/2019.
3. Facilities Health insurance or reimbursement of In accordance with PER-04/MBU/2014

treatment at cost. as amended the last time by PER-01/
MBU/05/2019.
Health Facility For financing law office/legal In accordance with PER-04/MBU/2014

consultant services which include as amended the last time by PER-01/
the investigative process if named MBU/05/2019.
as witness, suspect or defendant in a
judicial case.
4. Performance Bonuses/ Incentives
Bonus/ Incentive To provide bonuses of Rp President Commissioner: 45% of the bonus of

48,000,000,000 for the Board of the President Director. Commissioner: 90% of
Directors and Board of Commissioners. the bonus of the President Commissioner.
Distributed proportionally in accordance with
the active working period. Taxes on bonuses
are borne individually and not the Company.
Long Term Incentive Not provided.
There are no performance bonuses, non-performance bonuses, and stock options received by members of the Board of
Commissioners
nOmInAl AmOunT AnD remunerATIOn COmPOnenT Of BOArD Of COmmIssIOners

The total remuneration for respective member of the Board of Commissioners realized for Financial
Year 2019 is as follows.
Remuneration of the Board of Commissioners in 2019

Religious
Insurance Communications Mobility Bonus for Total for the
Name Position Honorarium Festivity
Premium Allowance Allowance 2018 Year
Allowance
Djoko President 78.750.000 19.687.500 3.937.500 15.750.000 78.750.000 - 669.375.000

Sasono Commissioner
Tri Budi Commissioner 70.875.000 17.718.750 3.543.750 14.175.000 70.875.000 - 708.750.000

Satriyo
Suprasetyo Commissioner 70.875.000 17.718.750 3.543.750 14.175.000 70.875.000 1.102.131.406 2.160.977.650
Harry Z. Commissioner 70.875.000 17.718.750 3.543.750 14.175.000 70.875.000 - 1.346.625.000

Soeratin
Ali Mochthar Commissioner 70.875.000 17.718.750 3.543.750 14.175.000 70.875.000 - 602.437.500

Ngabalin

Remuneration Policy of the Board of Directors
Procedure for Determination of Commissioners No. KEP.05 / DK.AP.I / 2020. The

Remuneration Board of Commissioners of PT Angkasa Pura I
Determination of Remuneration for Directors (Persero) forwarded the remuneration proposal
follows the provisions of the SOE Ministerial to the Major and Controlling Shareholders, to be
Regulation and following the GMS direction. ratified through the GMS mechanism.
The proposed amount of remuneration for the
Board of Directors is submitted by the Board of Remuneration Structure of Members of
Commissioners, which carries out the nomination the Board of Directors
and remuneration functions. The remuneration structure of the Board of
Directors has been determined as follows.
At the time this report was published, dated April
22, 2020, PT Angkasa Pura I (Persero) had formed
a Nomination and Remuneration Committee
as stipulated in the Decree of the Board of
Remuneration Structure of PT Angkasa Pura I (Persero) Board of Directors
No Type of Remuneration/Facilities Description
1. Income President Director: 100%
Director: 90% of President Director
2. Allowance
Religious Festivity Allowance Members of the Board of Directors are provided with religious festivity
allowance of 1 (one) time of salary every year.
Housing Members of the Board of Directors are provided with housing benefit of
40% of salary to a maximum of Rp 27,500,000.
Post-Employment Insurance • Provided for the term of office.

• Premiums are borne by the company to a maximum of 25% of salary
in 1 year.
• Selection of program for post-employment insurance is determined
by the individual member of Board of Directors coordinated by the
unit that manages the facilities and benefits of members of the
Board of Directors and members of the Board of Commissioners.
• The provision of premium, contribution or other relevant terms for
post-employment insurance includes premium for accident and life
insurance.
3. Facilities
Official Vehicle a. Members of the Board of Directors are only entitled to 1 (one) official
vehicle from the Company.
b. Official vehicle facility including maintenance and operational costs
are provided with due regard to the Company’s financial situation.
c. Official vehicle specifications and standards are determined by the
Minister.
d. Members of Board of Directors who are no longer serving must
return official vehicles to the Company no later than 30 (thirty) days
after not serving.

Remuneration Structure of PT Angkasa Pura I (Persero) Board of Directors
No Type of Remuneration/Facilities Description
3. Health a. Health facilities are provided in the form of health insurance or

medical reimbursement.
b. Health facilities are provided to members of the Board of Directors
and their husbands/wives and a maximum of 3 (three) children
under the age of 25 (twenty-five) years, and if the children under
25 years have married or have worked, then they are not entitled to
receive health benefits.
c. Health facilities are provided in the form of:
1). Outpatient and medication services.
2). Inpatient and medication services.
3). Medical check-ups with the provision of 1 (one) time every year
and is performed domestically.
d. If the treating doctor provides a referral for treatment abroad, health
benefits are provided in full or in part by taking into account the
Company’s capacity.
4. Legal Assistance a. Legal assistance for members of the Board of Directors is provided
in the event of an action taken for and on behalf of the members
of Board of Directors with the purpose and objective as well as
business of the Company.
b. This facility is provided in the form of financing for law office/legal
consultant which includes the investigative process if named as
witness, suspect and defendant in a court.
c. Payment for legal services can be made to 1 (one) law office/legal
consultant for 1 (one) specific case.
d. The appointment of a law office/legal consultant is conducted by
the Company in accordance with procurement provisions of the
Company.
5. Official Residence In the event that the Company provides an officlal residence to members
of Board of Directors, the concerned persons must use the official
residence as a housing facility and the concerned persons shall not be
provided with housing benefit.
There are no performance bonuses, non-performance bonuses, and stock options received by the Board of Directors
Indicators for Determination of Remuneration of Nominal Amount/Remuneration Component of

the Board of Directors Board of Directors
Based on Minister of SOE Regulation No. PER-06/ The remuneration amount for respective member
MBU/06/2018 dated June 4, 2018, indicators for of the Board of Directors realized for Financial Year
determination of remuneration of the Board of 2019 is as follows.
Directors include:
1. Business scale;
2. Business complexity;
3. Inflation rate;
4. Financial situation and capacity of the
Company; and
5. Other relevant factors that do not conflict with
applicable laws and regulations.

Nominal Amount/Remuneration Component of Board of Directors of PT Angkasa Pura I (Persero)
Religious
Utility Insurance Bonus for Total for 1
Name Position Income Festivity
Allowance Premium 2018 Year
Allowance
Faik Fahmi President 175.000.000 27.500.000 43.750.000 202.500.000 71.613.674 3.229.113.674

Director
Wendo Asrul Director of 148.750.000 27.500.000 37.187.500 176.250.000 2.713.215.145 5.468.715.145

Rose Operations
Novrihandri Director of 148.750.000 27.500.000 37.187.500 176.250.000 2.713.215.145 5.468.715.145

Finance
Adi Nugroho Director of HR 148.750.000 27.500.000 37.187.500 176.250.000 2.713.215.145 5.468.715.145

and General
Affairs
Lukman F. Director of 148.750.000 27.500.000 37.187.500 176.250.000 - 2.310.625.000

Laisa Technical Affairs
Devy Suradji Director of 148.750.000 27.500.000 37.187.500 176.250.000 64.942.531 2.802.442.531.

Marketing and
Services
Sardjono Director of 148.750.000 27.500.000 37.187.500 176.250.000 1.057.244.572 3.794.744.572

Jhony Business
Disclosure of Shareholders
Share Ownership of the Board of Commissioners
In line with the implementation of GCG principles, The disclosures also aim to avoid conflicts of
the Board of Commissioners is required to disclose interest related to the position and authority
the ownership of personal and family shares possessed by the Board of Commissioners. Details
in the Company and in other companies and of share ownership of the Board of Commissioners
changes thereof to PT Angkasa Pura I (Persero). in 2019 are as follows.
Share Ownership of the Board of Commissioners of PT Angkasa Pura I (Persero) per 31 December 2019
Share Ownership of the Board of Commissioners (Total Shares) in

Position Position
PT Angkasa Pura I (Persero) Other Companies
Djoko Sasono President Nil Nil

Commissioner
Tri Budi Satriyo Commissioner Nil Nil
Suprasetyo Commissioner Nil Nil
Harry Z. Soeratin Commissioner Nil Nil
Ali Mochthar Ngabalin Commissioner Nil Nil

Share Ownership of the Board of Directors

As with the Board of Commissioners, members conflicts of interest. The following table provides
of the Board of Directors are required to disclose detailed data on share ownership of the Board of
private and family share ownership in PT Angkasa Directors in 2019.
Pura I (Persero) or other companies to avoid
Share Ownership of Board of Directors of PT Angkasa Pura I (Persero) per 31 December 2019
Share Ownership of the Board of Directors (Total Shares) in

Nama Jabatan
PT Angkasa Pura I (Persero) Other Companies
Faik Fahmi President Director Nil Nil
Wendo Asrul Rose Director of Operations Nil Nil
Novrihandri Director of Finance Nil Nil
Adi Nugroho Director of HR and Nil Nil

General Affairs
Lukman F. Laisa Director of Technical Nil Nil

Affairs
Devy Suradji Director of Marketing and Nil Nil

Services
Sardjono Jhony Director of Business Nil Nil

Affiliate Relationship
PT Angkasa Pura I (Persero) complies with Board of Directors and members of the Board
regulatory requirements to disclose the affiliate of Commissioners.
relationship between the Board of Commissioners 3. Affiliate relationship between members of the
and Board of Directors in the Annual Report. The Board of Directors and Main and/or Controlling
criteria for disclosure of affiliate relationships Shareholders.
include: 4. Affiliate relationship between members of the
1. Affiliate relationship between members of the Board of Commissioners and fellow members
Board of Directors and fellow members of the of the Board of Commissioners.
Board of Directors. 5. Affiliate relationsship between Main and/or
2. Affiliate relationship between members of the Controlling Shareholders.
Affiliate Relationship of the Board of Commissioners
During 2019, the Board of Commissioners of PT Commissioners is considered to be able to perform

Angkasa Pura I (Persero) did not have affiliate its duties and responsibilities in PT Angkasa Pura I
relationship with fellow members of the Board of (Persero) independently. Disclosure of the affiliate
Commissioners, Board of Directors, or Controlling relationship in 2019 is as follows:
Shareholders. In this regard, the Board of

Affiliate Relationship of the Board of Commissioners of PT Angkasa Pura I (Persero) in 2019
Financial Relationship with Familial Relationship with

Management
Relations at Other
Fellow Board of Board of Controlling Fellow Board of Board of Controlling
Name Position Entitites
Commissioners Directors Shareholders Commissioners Directors Shareholders
Yes No Yes No Yes No Yes No
Djoko President √ √ √ √
Sasono Commissioner
Tri Budi Commissioner √ √ √ √

Satriyo
Suprasetyo Commissioner √ √ √ √
Harry Z. Commissioner √ √ √ √
Soeratin
Ali Mochthar Commissioner √ √ √ √

Ngabalin
Affiliate Relationships of the Board of Directors

PT Angkasa Pura I (Persero) ensures that members familial relationship with fellow members of the
of the Board of Directors can carry out their duties Board of Directors, the Board of Commissioners,
and responsibilities independently and do not and/or Controlling Shareholders.
have conflicts of interest with other parties that
may affect decision-making. In this regard, the Disclosure of affiliate relationship of the Board of
Board of Directors is required to disclose, if any, Directors in 2019 is as follows:
financial, management, share ownership, and/or
Affiliation Relations of the Directors of PT Angkasa Pura I (Persero) 2019
Financial, Familial and Management Relationships of the Board of Commissioners
Financial Relationship with Familial Relationship with

Management
Name Position Relations at
Fellow Board of Board of Controlling Fellow Board of Board of Controlling
Other Entitites
Commissioners Directors Shareholders Commissioners Directors Shareholders
Yes No Yes No Yes No Yes No
Faik Fahmi President Director √ √ √ √
Wendo Asrul Director of √ √ √ √

Rose Operations
Novrihandri Director of Finance √ √ √ √
Adi Nugroho Director of HR and √ √ √ √

General Affairs
Lukman F. Director of √ √ √ √
Laisa Technical Affairs
Devy Suradji Director of √ √ √ √

Marketing and
Services
Sardjono Director of √ √ √ √
Jhony Business

Shariah Supervisory Board

PT Angkasa Pura I (Persero) is a state-owned the names of Shariah Supervisory Board members
company engaged in the airport service industry and their duties and responsibilities, as well as
and is not engaged in the business of Shariah the frequency of Shariah Supervisory Board in
financing. Therefore, the Company does not have providing advices and requirements related to
a Shariah Supervisory Board. In this regard, the Shariah principles to the management.
Annual Report does not present information on
Secretary of the Board of Commissioners

Profile and Brief Biography of the Secretary of the Board of
Commissioners
M. Rosyid Ariansyah
Secretary of the Board of Commissioners
Indonesian Citizen, domiciled in Depok
Age and Date of Birth:

37 years, born in Klaten, August 2, 1982.
Basis of Appointment:
M. Rosyid Ariansyah is appointed as the Secretary of the Board of Commissioners based on Board of
Commissioners Decree No. KEP-06/DK.AP.I/2019 dated November 1, 2019.
Educational Background:
• Bachelor of Economics, University of Indonesia, 2007.
Job Experiences:
• Subdivision Head of Administration and Finance, Ministry of SOE
‐ Secretary of the Board of Commissioners, PT Reasuransi Internasional Indonesia.
Realization of Execution of Duties by the Secretary of the

During 2019, the Secretary of the Board of 4. Arranged the Board of Commissioners work
Commissioners performed the following duties. plan and budget program in 2019.
1. Prepared 12 internal meetings and 12 5. Prepared the Board of Commissioners reports
joint meetings between the Board of of 2019.
Commissioners and Board of Directors and 6. Ensured that the Board of Commissioners
prepared meeting materials. complied with prevailing laws and regulations
2. Prepared minutes of the Board of and implemented GCG principles.
Commissioners meetings in accordance with 7. Scheduled the work visits of the Board of
the Company’s Articles of Association. Commissioners to branch offices of the
3. Administered the Board of Commissioners Company.
documents, including incoming and outgoing 8. Prepared, administered, coordinated and
letters, minutes of meetings and other reported on the activities of the Board of
documents. Commissioners.

Audit Committee
PT Angkasa Pura I (Persero) has an Audit 2 (two) members from outside the Company who
Committee to assists the Board of Commissioners have no connections with management, share
in overseeing the performance and providing ownership, or business activities of the Company.
advice to the Board of Directors. The Audit Audit Committee members are appointed and
Committee consists of a Chair, a Deputy Chair who dismissed by the Board of Commissioners and are
is a member of the Board of Commissioners, and reported to the GMS.
Basis for Establishment of the Audit Committee

The Audit Committee was formed on the basis of 3. Minister of SOE Regulation No. PER-09/
the following regulations: MBU/2012 concerning Implementation of
1. Law No. 19 of 2003 concerning State-Owned Good Corporate Governance at SOEs
Enterprises 4. Minister of SOE Regulation No. PER-12/
2. Minister of SOE Regulation No. PER-05/ MBU/2012 concerning Supporting Organs of
MBU/2006 concerning Audit Committees at the Board of Commissioners.
SOEs
Audit Committee Charter

The Charter of the Audit Committee of PT that must be adhered to in the formulation and
Angkasa Pura I (Persero) is a guideline which was implementation of the Audit Committee activities
approved by the Board of Commissioners through to work in an independent, objective, transparent,
Board of Directors Decree No. KEP.51.I/FG.01/2017 and accountable manner. The Audit Committee
concerning the Internal Audit Charter. The Charter Charter also regulates the preparation and
allows the Audit Committee to perform its duties determination of work plan and budgeting for the
and responsibilities in a directed, effective and Audit Committee activities every year.
efficient manner. The Charter contains provisions
Duties and Responsibilities of the Audit Committee
In line with the Audit Committee Charter, the 4. Ensure that there are satisfactory evaluation
duties of Audit Committee are as follows: procedures for all information released by the
1. Assist the Board of Commissioners to ensure Company.
the effectiveness of the internal control system 5. Identify matters that require the attention of
and implementation of duties of external and the Board of Commissioners as well as other
internal auditors. duties of the Board of Commissioners.
2. Assess the implementation of activities and
audit outcomes carried out by the Internal The Audit Committee has an obligation to maintain
Audit Unit and external auditors. the confidentiality of Company documents,
3. Provide recommendations on improving data and information. The performance of the
the management control system and its Audit Committee is directly accountable to the
implementation. Board of Commissioners in the form of periodic
reports (quarterly and annual) and reports on the
implementation of special duties.

Authority of the Audit Committee

In carrying out its duties, the Audit Committee consultants to accomplish its duties. The Audit
has certain authorities, including the authority to Committee can cooperate with the Internal Audit
obtain complete information about employees, to obtain the required information.
funds, assets, and the Company resources. In
addition, the Audit Committee is also authorized
to request the assistance of experts and/or
Organizational Structure, Membership and Expertise of the

Audit Committee
In 2019, the Audit Committee of PT Angkasa Pura of financial audit and/or accounting.
I (Persero) consisted of 1 (one) Chair and Deputy
Chair, which came from members of the Board Details of the membership of the Audit Committee
of Commissioners, and 2 (two) members with can be seen in the following table.
educational qualification and expertise in the field
Membership of the Audit Committee of PT Angkasa Pura I (Persero) in 2019
Position Name Decree Expertise
Anandy Wati Board of Commissioners Decree Commercial

No: KEP-03 / DK.AP.I / 2018, dated Operations
July 31, 2018*) and Business
Development
Chair of Audit Committee
Harry Z. Soeratin Board of Commissioners Decree Aviation Engineering
No: KEP-04/DK.AP.I/ 2019, dated
April 7, 2019
Harry Z. Soeratin Board of Commissioners Decree Aviation Engineering

July 31, 2018
Deputy Chair of Audit Djoko Sasono Board of Commissioners Decree Transportation

Committee No: KEP-04/DK.AP.I/ 2019, dated Engineering
April 7, 2019
Board of Commissioners Decree
July 31, 2018
Syaiful Board of Commissioners Decree Accounting, Auditing

Member of Audit
Committee
September 14, 2018
Agus Waluyo Board of Commissioners Decree Accounting, Auditing

September 28, 2018
Member of Audit
Committee
Suka Edi Prasetyo Board of Commissioners Decree Accounting, Auditing
July 1, 2019
*) Ibu Anandy Wati selaku Ketua Komite Audit berakhir 7 April 2019 dan digantikan Bapak Harry Z. Soeratin.

Profile and Qualification of Audit Committee Member
Name and Position Profile
Indonesian citizen, domiciled in Jakarta

60 years old, born in Semarang, December 4, 1959
Decree of the Board of Commissioners Number: KEP-03 / DK.AP.I / 2018, July 31, 2018
• Bachelor, Sebelas Maret University in Surakarta (1983)
• Master of Public Management, United States (1991)
Job Experiences:
• Commissioner PT Angkasa Pura Airports (2014)
Anandy Wati
• Secretary of the Directorate General of Budget, Ministry of Finance (2013)
Chair (Period of 1 January - 7
• Director of Investment Management System, Ministry of Finance (2010)
April 2019)
• Director of Budget Execution, Ministry of Finance (2009).
The profile can be seen in the Board of Commissioners Profile section on page 70 of
this Annual Report
Harry Z. Soeratin
Chair (Period of 7 April 2019 -
present)
The profile can be seen in the Board of Commissioners Profile section on page 69 of
this Annual Report
Djoko Sasono
Deputy Chair (Period of 7
April 2019 - present)


61 years old, born in Pariaman, August 15, 1958
Board of Commissioners Decree No. KEP-06/DK.AP.I/2018 on September 14, 2018.
• D3 dengan gelar Ajun Akuntan, Sekolah Tinggi Akuntansi Negara (1984) D4
dengan gelar Akuntan, Sekolah Tinggi Akuntansi Negara (1989)
Job Experiences:
• Member of the Audit Committee and Risk Management Committee in various
SOEs (present)
Syaiful
• Consultant on Accounting and Finance (2002 - present)
Member
• Public Accounting Firm Dani Sudarsono and Partners (2001-2003)

46 years old, born on August 23, 1973
Board of Commissioners Decree No. KEP-07/DK.AP.I/2018 on September 28, 2018.
• Accounting (Diploma-3) from State College of Accountancy, Jakarta (1994)
• Bachelor of Economics from Widya Wiwaha School of Economics, Yogyakarta
(2009)
Job Experiences:
• Young Auditor at the Inspectorate of the Ministry of SOEs (2015 - present)
• Auditor, Development and Financial Supervisory Agency (BPKP) East Nusa
Tenggara (2011 - 2015)
Agus Waluyo • Auditor, Development and Financial Supervisory Agency (BPKP) Special Region
Member of Yogyakarta (1999 - 2011)
• Auditor, Development and Financial Supervisory Agency (BPKP) South Sumatera
(1994 - 1997)

34 years old, born in Tulunganggung, January 1, 1985
Board of Commissioners Decree No. KEP-05/DK.AP.I/2019 on July 1, 2019.
• Accounting (Diploma-3) from State College of Accountancy, Jakarta (2006)
• Bachelor of Economics from the University of Indonesia (2009).
Job Experiences:
Suka Edi Prasetyo Head of Sub-Division of Financial Services, Ministry of SOEs
Member

Audit Committee Training

Description of training for the Audit Committee throughout 2019 can be seen in the Education and
Management Training section of this report.
Independence of the Audit Committee

The Audit Committee must carry out its duties and of the Audit Committee and Shareholders, Board
responsibilities in an objective, professional and of Commissioners, Board of Directors, or the
independent manner. PT Angkasa Pura I (Persero) Company to avoid a conflict of interest. Details of
strives to ensure that the Audit Committee cannot the independence of the Audit Committee are
be influenced by relationship among members disclosed in the following table.
Independence of Audit Committee of PT Angkasa Pura I (Persero)

in relation to Main and Controlling Shareholders in 2019
Relationship with Main and Controlling Shareholders
Name Position Share

Financial Familial Management
Ownership
Relationship Relationship Relationship
Relationship
Harry Z. Soeratin Chair of Audit Committee None None None None
Deputy Chair of Audit None None None None

Djoko Sasono
Committee
Member of Audit None None None None

Agus Waluyo
Committee

Syaiful
Committee

Suka Edi Prasetyo
Committee
Independence of Audit Committee of PT Angkasa Pura I (Persero) in relation to the Board of Commissioners in 2019
Relationship with Board of Commissioners
Name Position Share

Ownership
Relationship

Djoko Sasono
Committee

Agus Waluyo
Committee

Syaiful
Committee

Suka Edi Prasetyo
Committee

Independence of Audit Committee of PT Angkasa Pura I (Persero) in relation to the Board of Directors in 2019
Relationship with Board of Directors
Name Position Share

Ownership
Relationship

Djoko Sasono
Committee
Agus Waluyo
Committee
Syaiful
Committee
Suka Edi Prasetyo
Committee
Independence of Audit Committee of PT Angkasa Pura I (Persero) in relation to Fellow Members of the Committee in 2019
Relationship with Fellow Members of Audit Committee
Name Position Share

Ownership
Relationship

Djoko Sasono
Committee
Agus Waluyo
Committee
Syaiful
Committee
Suka Edi Prasetyo
Committee
Audit Committee Meeting

The Audit Committee holds regular meetings every as sources of information and references in providing
year comprising of Internal Meetings and Joint advice to the Board of Commissioners.
Meetings with the Internal Audit Unit. Meetings are
held to discuss matters relating to the work plan and Agenda of Audit Committee Meeting
its implementation, Company developments, internal The agenda items of Audit Committee meetings
control, follow-up on audit findings, and other related during 2019 are presented in detail in the following
matters. The results of the discussions are important table.
Agenda Items of Audit Committee Meetings of PT Angkasa Pura I (Persero) in 2019
No. Date Agenda Item Participant
1 23 January 2019 Discussion on Long-Term Business Plan (RJPP) 2019 – 2023 1. Harry Z. Soeratin
of PT Angkasa Pura I (Persero) 2. Anandy Wati
3. Syaiful
4. Agus Waluyo
2 31 January 2019 1. Discussion on the Progress of Long-Term Business 1. Djoko Sasono

Plan (RJPP) 2019 – 2023 of PT Angkasa Pura I (Persero) 2. Anandy Wati
2. Discussion on Progress of the New Yogyakarta 3. Syaiful
International Airport (NYIA) Project 4. Agus Waluyo

3 12 February 2019 Discussion on Follow Up of Public Accounting Firm (KAP) 2018 of 1. Djoko Sasono
PT Angkasa Pura I (Persero) 2. Anandy Wati
4. Agus Waluyo
5. Syaiful
4 31 January 2019 1. Discussion on Update of Preparation for NYIA Operations 1. Djoko Sasono
2. Discussion to Plan the Establishment of Holding SOE entity 2. Ananady Wati
on Air Transportation 3. Harry Z. Soeratin
3. Discussion to Evaluate Outcomes of GCG Follow Ups of PT 4. Agus Waluyo
Angkasa Pura I (Persero) 5. Syaiful
5 24 April 2019 1. Discussion of the Annual Report 2018 of PT Angkasa Pura I 1. Djoko Sasono
2. Discussion on the Organization and Work Procedures of the 3. Agus Waluyo
NYIA Branch Office of PT Angkasa Pura I (Persero) 4. Syaiful
6 16 May 2019 1. Preparation of GMS to ratify the Annual Report 2018 of PT 1. Djoko Sasono
Angkasa Pura I (Persero) 2. Harry Z. Soeratin
2. Preparation of the Homecoming Season Transport 3. Agus Waluyo
Monitoring Post; 4. Syaiful
3. Disccusion on YIA Airport Project Progress;
7 27 June 2019 1. Discussion of Performance in Quarter I until May 2019 1. Djoko Sasono
2. Discussion of Proposal of SOP on Strategic Cooperation 2. Harry Z. Soeratin
3. Discussion of Collaboration on Signal Boosters 3. Syaiful
4. Suka Edi Prasetyo
8 29 Julu 2019 1. Discussion of Strategic Cooperation in the Development and 1. Djoko Sasono
Management of Lombok Airport 2. Harry Z. Soeratin
2. Discussion on Performance Outcomes until June 2019 3. Syaiful
3. Discussion on proposed revision of Company Work Plan and 4. Suka Edi Prasetyo
Budget 2019
9 27 August 2019 1. Discussion of revision of RKAP 2019 of PT Angkasa Pura I 1. Djoko Sasono
2. Discussion on 5-year Cooperation Agreement Contract Plan 3. Syaiful
at Syamsuddin Noor Airport, Banjarmasin 4. Suka Edi Prasetyo
3. Discussion of 5-year Cooperation Agreement Contract Plan at
Juanda Airport, Surabaya
10 30 September 2019 1. Discussion of Operational Plan of Syamsuddin Noor Airport, 1. Djoko Sasono
Yogyakarta International Airport, and Adi Soemarmo Airport 2. Harry Z. Soeratin
Train 3. Syaiful
2. Discussion of Update of Holding SOE on Air Transportation 4. Suka Edi Prasetyo
Plan
11 22 October 2019 1. Discussion of Proposal of Revision of the PT Angkasa Pura I 1. Djoko Sasono
(Persero) Work Plan and Budget (RKAP) on Investment 2019. 2. Harry Z. Soeratin
2. Discussion of 5-Year Cooperation Agreement at SAMS 3. Syaiful
Sepinggan Airport, Balikpapan. 4. Suka Edi Prasetyo
3. Discussion of 5-Year Cooperation Agreement at Yogyakarta
International Airport Yogyakarta (YIA) - Kulon Progo.
4. Request for Response to the Build Operate Transfer (BOT)
Hotel Cooperation at the New Terminal of Syamsuddin Noor
Airport, Banjarmasin.
5. Request for Approval for Hotel Construction & Business
Cooperation at the terminal of Yogyakarta International
Airport - Kulon Progo
12 31 October 2019 Discussion of Draft RKAP 2020 of PT Angkasa Pura I (Persero) 1. Djoko Sasono
3. Syaiful

13 5 – 6 November Discussion of Draft RKAP 2020 1. Harry Z. Soeratin

2019 2. Syaiful
14 27 November 2019 1. Discussion of Proposal of RKAP 2020 of PT Angkasa Pura I 1. Djoko Sasono
(Persero) 2. Harry.Soeratin
2. Discussion of Guidelines for Cooperation with Strategic 3. Syaiul
Partners 4. Suka Edi Prasetyo
15 5 December 2019 Discussion of Draft RKAP 2020 of PT Angkasa Pura I (Persero) 1. Harry.Soeratin
2. Syaiful
16 10 December 2019 1. Discussion on Amendment to PT Angkasa Pura I (Persero) 1. Djoko Susono

Articles of Association 2 Harry Z. Soeratin
2. Discussion on Selection of PPIP Institution 3 Syaiful
3. Discussion on Guidelines for Cooperation with Strategic 4 Suka Edi Prasetyo
Partners
4. Discussion on Management of Signal Boosting Services by PT
APS
5. Discussion on Capsule Hotel at Bali Airport
6. Discussion on the Development and Management of Airport
Hotels at YIA
17 20 December 2019 Presentation of Interim Audit Results 1. Harry Z. Soeratin

2. Syaiful
Agenda Items at Coordination Meetings of the Audit Committee with Internal Supervisory Unit of PT Angkasa Pura I in 2019
No. Date Agenda Item Venue
1 16 January 2019 Final reconciliation of intercompany transaction balances Hotel Grand Orchardz Kemayoran
2 15 May 2019 Focus Group Discussion on Role of IA in Prevention Hotel Holiday Inn Kemayoran
through Risk-Based Internal Control, Investigation and
Internal Monitoring Systems
3 15 July 2019 Information Dissemination on Fraud Control Plan and Multipurpose Building
Fraud Risk Management, and signing of MoU with BPKP PT Angkasa Pura I (Persero)
4 17 July 2019 Discussion of TOR for Public Accounting Firm for Financial Juanda Meeting Room
Year 2019 PT Angkasa Pura I (Persero)
5 4 October 2019 Explanation (Aanwitzing) of Public Accounting Firm Procurement Internal Meeting of
Services as Independent Auditor of the Financial PT Angkasa Pura I (Persero)
Statements of PT Angkasa Pura I (Persero) for Financial
Year 2019
Frequency and Attendance Level in Audit

Committee Meeting
During 2019, the Audit Committee held 17 level in Audit Committee meetings during 2019 is
meetings attended by its members along with presented in the following table.
other invitees. The frequency and attendance

Frequency of Attendance Level in Audit Committee Meetings of PT Angkasa Pura I in 2019
Name Position Total Meetings Total Attendance Percentage
Anandy Wati Chair (January – April) 4 4 100%
Harry Z. Soeratin Chair (April – December) 17 16 94,12%

Deputy Chair
Djoko Sasono Deputy Chair 17 13 76,47%
Syaiful Member 17 17 100%
Agus Waluyo Member (January – June) 6 6 100%
Suka Edi Prasetyo Member (June – December) 11 11 100%
Realization of the Audit Committee Activities

During 2019, the Audit Committee conducted the 2). Evaluation of audit planning was carried
following activities: out through:
a). Program for assessing the activities and - Kick of/entry meeting, namely on
results of audits performed by the internal interim audit planning,
supervisory unit (SPI) - Meetings to monitor the audit
The activities undertaken include: progress, which were also held in order
1). Assessing the execution and results of to determine further audit plans.
audits, through observation and field 3). Evaluasi pelaksanaan dan hasil audit, telah
audit conducted by sampling. dilakukan melalui:
2). Monitoring the follow-up on audit - Assistance/Monitoring of audit
findings, through routine meetings held process by the public accounting
on a quarterly basis. firm (KAP) in the field/ branch office
b). Program for assessing the activities and (sampling).
results of audit performed by the external - Meetings to monitor audit progress,
auditor - Meetings to discuss the draft audit
The activities undertaken include: report, and
1). Process of appointing a public accounting - Exit meeting in order to complete the
firm (KAP). execution of the audit.
Appointment of a public accounting c). Program for providing recommendations for
firm to audit the financial statements improving the internal control system and its
for Financial Year 2018 was conducted implementation
through a tender/beauty contest The Activities undertaken include:
mechanism. The activities undertaken 1). Evaluation of the implementation of
include the preparation of ToR, Budget Airport Development Projects, including:
Plan, and Technical Specifications for the - Ahmad Yani International Airport-
prospective public accounting firms (KAP). Semarang Project,
In collaboration with the SPI and AP1 - Syamsudin Noor Airport-Banjarmasin
Procurement Unit, the Audit Committee Project,
conducted the tender process of KAP - New Yogyakarta International Airport
from announcement to recommending Project
the winning bid.

2). Evaluation of Goods & Services the Board of Commissioners, meetings with
Procurement Procedures the Board of Directors or inviting or attending
3). Evaluation of Asset Utilization invitations from the SPI and/or Group Head/
Optimization Head within PT Angkasa Pura I (Persero).
4). Evaluation of Airport Branch Offices h). Program to prepare quarterly and annual
experiencing losses reports
This activity was performed through research This program was conducted after the quarter
on documents and field observations/review. or year has passed.
d). Program for assessing evaluation procedures i). Program to prepare report of the
on information released by the Company implementation of each duty
1). Evaluation of Quarterly & Annual This program was conducted immediately
Management Reports. after the completion of each duty.
2). Evaluation of Other Management Reports. j). Program on Professional Development
This activity was conducted through research During 2019, the Audit Committee participated
on the logical relationship between data in the in 4 professional development activities as
report and confirmation to the management/ follows:
person in charge of the validity of data. - Workshop on Understanding of PSAK 71,
e). e) Program to identify matters that require 72 and 73 organized by the Indonesian
the attention of the Board of Commissioners Institute of Audit Committee on 25-26 July
This program was conducted in accordance 2019 in Jakarta.
with the guidance of the Board of - Workshop on CACP - Certification in Audit
Commissioners or based on information Committee Practice organized by the
obtained from various sources, including Indonesian Institute of Audit Committee
internal and external resources such as mass on August 6-08, 2019 in Jakarta.
media (print and electronic). - National Risk Management Professional
f). Program to prepare Audit Committee work Conference VII- 2019 with the theme
plan and budget “Growth Sustainability and Risk Issues in
This program was conducted in conjunction Global Competition” on 28-29 November
with the preparation of the Company Work 2019.
Plan & Budget. - Certified Risk Governance Professional
g). Program of internal meetings, at least once a ISO 31000 7 COSO
month
During 2019, the Audit Committee held about
17 meetings, including internal meetings of
Business Risk and Good Corporate

Governance Committee
PT Angkasa Pura I (Persero) has a Business Risk Risk and Good Corporate Governance Committee
and Good Corporate Governance Committee that are appointed and dismissed by the Board of
assists the Board of Commissioners in carrying Commissioners and then reported to the GMS. A
out its duties to oversee the policies of Board of member of the Board of Commissioners serves
Directors related to risk management, potential as Chair of the Business Risk and Good Corporate
business risks, and GCG. Members of the Business Governance Committee.

Basis for Establishing the Business Risk and

Good Corporate Governance Committee
The Business Risk and Good Corporate Governance b. Minister of SOE Regulation No. PER-09/
Committee of PT Angkasa Pura I (Persero) was MBU/2012 concerning Implementation of
established based on the following regulations: Good Corporate Governance in SOEs.
a. Law No. 19 of 2003 concerning State-Owned c. Minister of SOE Regulation No. PER-12/
Enterprises. MBU/2012 concerning Supporting Organs of
the Board of Commissioners.
Charter of the Business Risk and

The Business Risk and Good Corporate Governance The stipulated charter outlines the Legal Basis,
Committee performs its duties and obligations Appointment and Dismissal of Members,
based on the Charter of the Business Risk and Duties, Authority, Membership Requirements,
Good Corporate Governance Committee installed Responsibilities, Meetings, Reports / Studies, Access
based on Decree No. KEP.01/DK.AP.I/2019 dated to Information Secrecy, Work Plans and Budgets,
January 2, 2019. Member Income, Education and Supporting
Personnel, and Performance Appraisals.
The Committee Charter regulates guidelines
for the Chairperson, Deputy Chairperson, and With the charter, the ground rules for all people at
Committee Members in carrying out their duties PT Angkasa Pura I (Persero) in coordinating and
and responsibilities as a supporting organ for following up on the duties and functions of the
the Board of Commissioners of PT Angkasa Pura Business Risk & GCG Committee are among the
I (Persero). Supporting Tools of the Board of Commissioners.
Duties and Responsibilities of the Business Risk and

As stated in the guidelines, the duties and 2. To review the risk assessment conducted
responsibilities of the Business Risk and Good by Risk Management and Compliance
Corporate Governance Committee are as follows: Group on the Company’s investment
(a) Main Duties Related to Business Risk plans.
1. To review and provide recommendations 3. To oversee the activities of the Risk
on the effectiveness of the Management and Compliance Group in
implementation of the company’s risk monitoring the implementation of risk
management processes carried out by mitigation by relevant work units.
the Risk Management and Compliance 4. To oversee the application of the
Unit, through regular meetings and Committee’s recommendations by the
other means to discuss the development Risk Management and Compliance
of stages of tasks and responsibilities Group.
carried out by the Risk Management and
Compliance Group.

5. To conduct an analysis and evaluation 7. To provide advices, inputs, and

of the proposal of RKAP and an annual recommendations to the Board of
review of RJPP submitted by the Board of Directors regarding best practice
Directors. standards for the implementation of GCG
6. To review the Company’s information in the Company.
risk management in the reports to be 8. To assist the Board of Directors in
published, through a process of: planning, implementing, evaluating, and
- Joint discussion with management. developing on an ongoing basis the Work
- Review of draft report to be published. and Business Ethics and GCG practices in
7. To conduct discussions on important all work areas of the Company.
risks of the units within the Company, as 9. To assist the Board of Directors in guiding
needed. and overseeing the effectiveness of GCG
8. If the Board of Directors deems it necessary practices in the Company as an effort to
to use an independent risk management increase Shareholder value, including
consultant to review the risk management dissemination and internalization.
processes of the Company, the Business 10. To evaluate the effectiveness of GCG
Risk and GCG Committee has the duty to: implementation by the Main Organs and
- Provide inputs on consultant criteria Supporting Organs and provide input on
and competencies. improvements and efforts to strengthen
- Monitor the work of consultants them.
through the Risk Management and 11. To develop a mechanism of reward and
Compliance Group. punishment on a consistent basis in
(b) Basic Tasks Related to Good Corporate relation to the implementation of GCG
Governance practices in the Company.
1. To ensure the completeness and validity Besides the above stated duties and
of the Corporate Governance Policy (CGP), responsibilities, the Business Risk and
Management Policy (MP), and Standard Good Corporate Governance Committee
Operating Procedure (SOP) in accordance may also be given specific duties under
with the Company’s activities. the following conditions:
2. To ensure that management carries out 1. Assignment of special duties to the
business activities in accordance with the Business Risk and GCG Committee by
provisions in CGP, MP, and SOP. the Board of Commissioners through
3. To ensure that supervision has been written instructions which include the
carried out on the implementation of following information:
CGP, MP, and SOP. - Name of the Business Risk and
4. To evaluate the policies regarding GCG GCG Committee members
and Ethical Standards as well as follow up assigned
on the results of assessments conducted - Nature and scope of work
by external consultants. - Goals and objectives of work
5. To investigate and verify based on findings - Time of assignment
in the field relating to ethical violations - Administrative matters related to
and violations of GCG practices occurring the special duties
in the Company. 2. Special duties may include but are
6. To evaluate and improve the guidelines not limited to examining alleged
on GCG implementation of at least once irregularities in the decisions of
a year or adjusted to the needs of the the Board of Directors Meeting or
Company. irregularities in the execution of a

decision of the Board of Directors a report on the execution of special

Meeting related to their duties and duties under extreme confidentiality
responsibilities. and limited only to members of
3. The Business Risk and Good Corporate the Committee and the Board of
Governance Committee must submit Commissioners.
Organizational Structure, Membership, and Expertise of the

Business Risk and Good Corporate Governance Committee
In 2019, the composition of Business Risk and Good of a chair, two deputy chairs, and two members.
Corporate Governance Committee of PT Angkasa Details of the membership structure of the
Pura I (Persero) was ratified through the Board of Business Risk and Good Corporate Governance
Commissioners Decree KEP.01/DK.AP.I/2019 dated Committee can be seen in the following table.
January 2, 2019. The Committee structure consists
Membership of Business Risk and Good Corporate Governance Committee of PT Angkasa Pura I (Persero) in 2019
Position Name Decree Expertise
Suprasetyo Board of Commissioners Decree Aviation Engineering

Chair of Business Risk
No. KEP-04/DK.AP.I/2018
and GCG
Dated July 31, 2018
Ali Mochtar Ngabalin Board of Commissioners Decree Communication Sciences

Deputy Chair I of
Business Risk and GCG
Dated July 31, 2018
Tri Budi Satriyo Board of Commissioners Decree Management, HR

Deputy Chair II of
Business Risk and GCG
Dated July 31, 2018
Riko Hendrawan Board of Commissioners Decree Finance

Dated November 1, 2018
Member of Business
Risk and GCG
Ganesha Dian Farisi Board of Commissioners Decree Economics and Risk
No. KEP-06/DK.AP.I/2016 Management
Dated December 26, 2016

Profile and Qualification of the Business Risk and Good

Corporate Governance Committee
Profile and Qualification of the Business Risk and Good Corporate Governance Committee
His profile can be seen in the Board of Commissioners section on page 71 of

this Annual Report
Suprasetyo
Chair of Business Risk and GCG
Committee

this Annual Report

Deputy Chair I of Business Risk and
GCG Committee

this Annual Report
Tri Budi Satriyo

Deputy Chair II of Business Risk and
GCG Committee

Indonesian Citizen, domiciled in Jakarta

31 years old, born in Tangerang on December 3, 1989.
Board of Commissioners Decree No. KEP.06/DK.AP1/2016 dated December 27,
2016 and valid until December 27, 2019
• Bachelor of Economics, Padjadjaran University, 2012
• Master of Business Administration, IPMI International Business School,
2015
Job Experiences:
Ganesha Dian Farisi • Overseas supports and Technical Partner, KSO Sucofindo-Surveyor
Member of Business Risk and GCG Indonesia (2016 - 2018)
Committee • Monitoring, Evaluation, & Development, HUB KSO SCISI (2012 – 2016),
Indonesian Citizen, domiciled in Tangerang

44 years old, born in Tangerang on April 26, 1975.
Board of Commissioners Decree No. KEP.08/DK.AP1/2018 dated November 1,
2018 and valid until November 1, 2021
• Bachelor of Financial Management, Jakarta Islamic University, 2000
• Master of Management in Corporate Finance, PPM-School of
Management (2002)
Riko Hendrawan • Doctor of Finance, Padjadjaran University, 2008
Member of Business Risk and GCG • National Resilience Institute PPRA Alumni Batch 53, 2015
Committee
Job Experiences:
• Vice President of Business Portfolio Management of Telkom Foundation
(2014 - 2015)
• Head of Finance Experts Group (2010-2014)
• Head of the Institute of Research and Community Services, Telkom
Institute of Management (2012)
• Head of Business Service and Training Program, Telkom Institute of
Management (2010-2012)
• Member of Risk and Investment Committee, PT POS Indonesia (2010-
2012)
• Member of Audit and Investment Committee, PT POS Indonesia (2012-
2014)
• Member of Audit and Investment Committee, PT PSGAS Telekomunikasi
Indonesia (2011-2014)
Business Risk and GCG Committee Training Activities
Description of training activities for the Business throughout 2019 can be seen in the Management
Risk and Good Corporate Governance Commitee Education and Training section of this report.

Independence of the Business Risk and

The Business Risk and GCG Committee is an and can carry out its duties and responsibilities
independent body and cannot be influenced by in an objective, professional and independent
Shareholders, Board of Commissioners, and Board manner. Details of the independence of the
of Directors. PT Angkasa Pura I (Persero) ensures Business Risk and GCG Committee are disclosed
that the Committee is free from conflicts of interest in the following table.
Independence of Business Risk and GCG Committee of PT Angkasa Pura I (Persero)

in relation to Main and Controlling Shareholders in 2019
Relationship with Main and Controlling Shareholders

Name Position
Financial Familial Management Share Ownership
Relationship Relationship Relationship Relationship
Chair of Business Risk None None None None

Suprasetyo
and GCG Committee
Deputy Chair I of None None None None

Ali Mochtar Ngabalin Business Risk and GCG
Committee
Deputy Chair II of None None None None

Tri Budi Satriyo Business Risk and GCG
Committee
Member of Business None None None None

Riko Hendrawan Risk and GCG
Committee

Ganesha Dian Farisi Risk and GCG
Committee

in relation to the Board of Commissioners in 2019
Hubungan dengan Dewan Komisaris

Name Position

Suprasetyo
and GCG Committee

Committee

Committee

Committee

Committee


in relation to the Board of Directors in 2019
Relationship with Board of Directors

Name Position

Suprasetyo
and GCG Committee

Committee

Committee

Committee

Committee

in relation to Fellow Members of the Committee in 2019
Hubungan dengan Sesama

Angggota Komite Risiko Usaha dan GCG
Name Position

Suprasetyo
and GCG Committee

Committee

Committee

Committee

Committee
Business Risk and GCG Committee Meetings

In carrying out its duties and responsibilities, the Agenda Items of the Business Risk and
Business Risk and GCG Committee holds regular Good Corporate Governance Committee
meetings to discuss the status of the committee’s Meetings
performance and matters requiring follow up In 2019, the Business Risk Committee and Good
related to business and governance risks. Corporate Governance discussed the following
agenda items during its meetings.

Agenda Items of Business Risk and Good Corporate Governance Committee Meetings of PT Angkasa Pura I (Persero) in 2019
No Date Description
1. 4 January 2019 Application for support for the issuance of Reclamation Permit in the development of I Gusti
Ngurah Rai Airport - Bali
2. 4 January 2019 Application for Ratification of GCG Documents
3. 16 January 2019 Application for Parnership in Managing Signal Boosters business for 5 (five) years with PT
Angkasa Pura Support
4. 17 January 2019 Support for collaboration in utilization (KSP) of State-Owned Assets (BMN) of Sentani Airport
– Jayapura
5. 23 January 2019 Data to support the settlement of insurance claims on the Old Terminal Building in Sultan
Hasanuddin Airport – Makassar
6. - Management of Work Plan (RKA) in 2019 in relation to Risk Events through shift in choice of
transportation mode via the Trans Java Toll Road, and Threat Conditions in the Management
of PT Angkasa Pura I (Persero) airports
7. 01 April 2019 Submission of completed documents related to the selection process of Prospective Business
Partners for Billboard Management at the New Terminal of Ahmad Yani Airport, Semarang
8. 26 February 2019 Proposal for collaboration on development of new airport in North Bali
9. 12 March 2019 Submission of revision of PT Angkasa Pura I (Persero) Long Term Business Plan (RJPP) 2019 –
2023
10. 24 April 2019 Appeal for Control of Budget within PT Angkasa Pura I (Persero)
11 06 May 2019 Report on KPI Achievements of PT Angkasa Pura I (Persero) in Quarter I 2019
12. 13 May 2019 Submission of draft Guidelines for Work Procedures for Board Directors and Board of
Commissioners (Board Manual)
13. 13 May 2019 Application for Approval of 5-Year Cooperation Agreement at Juanda International Airport –
Surabaya
14. 14 May 2019 Application for Approval on Guidelines for Work Procedures of Selection of Strategic Partners
with respect to Cooperation in Business Development of PT Angkasa Pura I (Persero)
15. 16 May 2019 Submission of Long-Term Business Plan 2019-2023 documents of PT Angkasa Pura I (Persero)
16. 14 June 2019 Report on Compensation Payment related to Arbitration Award (Transit Hotel Dispute at SAMS
Sepinggan Airport - Balikpapan)
17. 18 June 2019 Guidelines for commercial activities of the Ngurah Rai Commercial Strategic Business Unit
(SBU) at I Gusti Ngurah Rai International Airport – Bali
18. 25 June 2019 Confirmation of Legal and GCG Aspects related to the Management Signal Booster Business
with PT Angkasa Pura Support
19. 28 June 2019 Application for Response to the Follow-up to Concession Payment
20. 01 July 2019 Submission of draft PT Angkasa Pura I (Persero) Board of Directors Decree concerning
Organization and Work Procedures of the Branch Office of PT Angkasa Pura I (Persero) Sentani
Airport - Jayapura
21. 19 July 2019 Application for written response on Strategic Cooperation Plan for the Development and
Management of Lombok International Airport - Praya
22. 29 July 2019 Submission of Management Report and Dashboard on Management Performance for
Semester I 2019 of PT Angkasa Pura I (Persero)
23. 01 August 2019 Application for approval of 5-year cooperation agreement in the selection of phase II business
partners at Juanda International Airport – Surabaya
24. 13 August 2019 Application for Revision of RKAP 2019 of PT Angkasa Pura I (Persero)

Agenda Items of Business Risk and Good Corporate Governance Committee Meetings of PT Angkasa Pura I (Persero) in 2019
No Date Description
25. 21 August 2019 Application for approval of 5-year Cooperation Agreement at Syamsuddin Noor airport –
Banjarmasin
26. 26 August 2019 Application for approval of 5-year Cooperation Agreement at SAMS Sepinggan Airport –
Balikpapan
27. 26 August 2019 Application for approval of 5-Year Cooperation Agreement at Yogyakarta International
Airport – Kulon Progo (YIA)
28. 25 September Application for Response to Cooperation on Build Operate Transfer (BOT) of Hotel at the New
2019 Terminal of Syamsuddin Noor Airport – Banjarmasin
29. 4 October 2019 Application for Approval of Hotel Development and Business Cooperation at Terminal of
Yogyakarta International Airport – Kulon Progo
23 October 2019 Submission of Management Report and Dashboard on Management Performance for
30.
Quarter III 2019 of PT Angkasa Pura I (Persero)
Frequency and Attendance Level of Business Risk and GCG Committee Meetings
During 2019, the Business Risk and Good Corporate Governance Committee held 35 meetings attended
by members and other invitees. The frequency of attendance of Committee members in meetings during
2019 can be seen in the following table.
Frequency and Attendance Level of Business Risk and GCG Committee Meetings of PT Angkasa Pura I in 2019
Total Total
Name Position Percentage
Meetings Attendance
Suprasetyo Chair of Business Risk and GCG Committee 30 30 100%
Deputy Chair I of Business Risk and GCG 30 30 100%

Committee
Deputy Chair I of Business Risk and GCG 30 30 100%

Tri Budi Satriyo
Committee
Member of Business Risk and GCG 30 30 100%

Riko Hendrawan
Committee
Member of Business Risk and GCG 30 30 100%

Ganesha Dian Farisi
Committee
Realization of the Business Risk and GCG Committee Activities
The Business Risk and Good Corporate Governance Committee carried out various activities in 2019 as
stated in the Committee Charter. The realization of these activities is as follows:

Agenda Items of the Business Risk and Good Corporate Governance Committee Meetings
January 2019
No. Date Description Branch/Unit
1. 07-08 January 2019 Audit Assistance for Financial Statements for Fiscal Year -
2018
2. 24-25 January 2019 Monitoring of Risk Management Profiles of Airport Assets Surabaya Branch Office
and Mitigation Preparations Related to Shifting Modes of (SUB)
Trans-Java Toll Transportation
3. 30 January 2019 Monitoring of Risk Management Profiles of Airport Assets Semarang Branch Office
and Mitigation Preparations Related to Shifting Modes of (SRG)
February 2019
1. 05-06 February 2019 Monitoring of Risk Management Profiles of Airport Assets Solo Branch Office (SOC)
and Mitigation Preparations Related to Shifting Modes of
2. 07-08 February 2019 Monitoring of Risk Management Profiles of Airport Assets Yogyakarta Branch Office
and Mitigation Preparations Related to Shifting Modes of (JOG)
3. 15-16 February 2019 Monitoring of Risk Management Profiles of Airport Assets Bali Branch Office (DPS)
March 2019
1. 02-03 March 2019 Monitoring of Terminal Integration Progress with Solo Fast- Solo Branch Office (SOC)
Train
2. 13-14 March 2019 Invitation to the 102nd Emergency Training (PKD) Makassar Branch Office
(UPG)
3. 18-19 March 2019 Discussion on Branch Office Risk Profiles and Risk Bali Branch Office (DPS)
Taxonomy Preparation
April 2019
1. 01-02 April 2019 Monitoring of PKBL Realization in Surabaya Surabaya Branch Office
(SUB)
2. 08-09 April 2019 Branch Risk Profile Monitoring and Emergency Training Solo Branch Office (SOC)
3. 10-12 April 2019 Branch Risk Profile Monitoring and Emergency Training Semarang Branch Office
(SRG)

May 2018
1. 24 May 2019 Spot Sampling Test for IBCS Management at the Airport Balikapapan Branch Office
Terminal (BPN)
2. 25 May 2019 Spot Sampling Test for IBCS Management at the Airport Bali Branch Office (DPS)
Terminal
3. 27 May 2019 Terminal 1 Airport Business Partner Selection Surabaya Branch Office (SUB)
4. 28 May 2019 Review of Billboard Cooperation in the Airport Terminal Semarang Branch Office
(SRG)
June 2019
1. 24-25 June 2019 Sampling of Good Corporate Governance (GCG) Assessment Semarang Branch Office
2018 (SRG)
July 2019
1. 09-10 July 2019 Sampling of Good Corporate Governance (GCG) Assessment 2018 Banjarmasin Branch Office
(BDJ)
2. 17-18 July 2019 Sampling of Good Corporate Governance (GCG) Assessment 2018 Balikpapan Branch Office
(BPN)
3. 26-27 July 2019 Sampling of Good Corporate Governance (GCG) Assessment 2018 Surabaya Branch Office
(SUB)
4. 27 July 2019 Traffic Mitigation Monitoring of RKAP 2019 Bali Branch Office (DPS)
5. 30 July 2019 Sampling of Good Corporate Governance (GCG) Assessment 2018 Semarang Branch Office
(SRG)
6. 31 July 2019 Sampling of Good Corporate Governance (GCG) Assessment 2018 Solo Branch Office (SOC)
August 2019
1. 22 August 2019 Terminal 1 Airport Business Partner Selection Surabaya Branch Office
(SUB)
September 2019
1. 04-05 Sept. 2019 Monitoring and Discussion of the 2019 Financial Statements Semarang Branch Office
Prognosis (SRG)
2. 17 Sept. 2019 Monitoring and Discussion of the 2019 Financial Statements Solo Branch Office (SOC)
Prognosis
3. 18 Sept. 2019 Monitoring and Discussion of the 2019 Financial Statements Yogyakarta Branch Office
Prognosis (JOG)

October 2019
1. 01 October 2019 Monitoring and Discussion of the 2019 Financial Statements Surabaya Branch Office
Prognosis (SUB)
2. 02 October 2019 Monitoring and Discussion of the 2019 Financial Statements Makassar Branch Office
Prognosis (UPG)
3. 03 October 2019 Monitoring and Discussion of the 2019 Financial Statements Bali Branch Office (DPS)
Prognosis
December 2019
1. 03-04 December Monitoring of the Mezzanine Airport International Bali Branch Office (DPS)
2019 Departure Management Plan
Nomination
and Remuneration Committee
To improve the application of GCG principles The Board of Commissioners of PT Angkasa
related to the transparency of the nomination and Pura I (Persero) forwarded the remuneration
remuneration process, at the time of this report, proposal from the Nomination and Remuneration
dated April 22, 2020, PT Angkasa Pura I (Persero) Committee to the Major and Controlling
had formed a Nomination and Remuneration Shareholders, to be ratified through the GMS
Committee as stipulated in the Decree of the mechanism.
Board of Commissioners No. KEP.05/DK.AP.I/2020.
Guidelines and Basis for Implementation of the Nomination and

Remuneration Functions
The nomination and remuneration process The duties, responsibilities, authority and work
demands responsibility in terms of implementing, procedures of the Nomination and Remuneration
regulating, and enforcing GCG principles in terms Committee are regulated in the Nomination and
of nominating strategic position of management Remuneration Committee Charter established by
and deciding the remuneration amount for Board the Board of Commissioners of PT Angkasa Pura I
of Directors as set by the Ministry of SOEs as the (Persero).
GMS trustee.

Duties Related to Nomination of Board of Directors
The duties of the Board of Commissioners related building program for members of the Board
to the nominations of Directors assisted by the of Directors and / or members of the Board of
Nomination and Remuneration Committee Commissioners
include: 4. Provide input to the Board of Commissioners
1. Provide recommendations regarding the regarding the proposed candidates for
composition of positions, policies and criteria, directors and/or members of the Board of
and performance evaluation policies for Commissioners of Subsidiaries
members of the Board of Directors and 5. Provide recommendations for candidates who
members of the Board of Commissioners. qualify as members of the Board of Directors
2. Assess the performance of members of to be submitted to the GMS
the Board of Directors and the Board of 6. As a talent committee for BUMN executives
Commissioners (Directors and Officers one level below the
3. Provide recommendations to the Board Directors)
of Commissioners regarding the capacity
Duties Related to Remuneration of the Board of Commissioners

and Board of Directors
The duties of the Board of Commissioners related 2. Conduct performance appraisals with the
to the Remuneration of the Directors assisted by remuneration conformity received by each
the Nomination and Remuneration Committee member of the Board of Directors and/or
include: members of the Board of Commissioners
1. Provide recommendations regarding
the structure, policies, and amount of
remuneration.
Policy on Succession of Board of Directors

The Nomination and Remuneration Committee - Formation of a team to conduct fit and
supports the Board of Directors succession proper test and evaluation.
process based on Minister of SOE Regulation 3. Fit and Proper Test and Evaluation Process,
No. PER-01/MBU/2012 concerning Requirements namely:
and Procedures for Appointment and Dismissal - Fit and proper test is conducted by the
of Members of Board of Directors at SOEs. This team and/or a professional institution.
regulation arranges, the following matters: - Results of fit and proper test are evaluated
1. Requirement that the candidates of members by the team and submitted to the Minister
of the Board of Directors must meet the formal for a decision.
and material criteria, as well as other stipulated 4. Process of appointing members of the Board
requirements. of Directors, namely:
2. Preparation of Fit and Proper Test (UKK) and - The Minister may conduct an interview
Assessment which includes: on the results of fit and proper test and
- Compilation of the list of members of the evaluation conducted by the team and/ or
Board of Directors whose terms of office professional institution.
are expired; - The Minister appoints the selected
- Selection of candidates of members of the candidates of the Board of Directors based
Board of Directors; and on Ministerial Decree/ GMS.

Organizational Structure, Membership, Independence and

Meetings of the Committee
Description of the structure, name, position, Good Corporate Governance Committee can be
biography, as well as disclosure of independence seen in the ‘Business Risk and Good Corporate
and implementation of nomination and Governance Committee’ section of this Report.
remuneration meetings by the Business Risk and
Realization of the Nomination and Remuneration Committee

Activities
During 2019, the nomination and remuneration of nomination and remuneration activities
functions were carried out appropriately under conducted in 2019 includes proposing the
the activities of the Business Risk and Good remuneration of the Board of Commissioners and
Corporate Governance Committee. The realization Board of Directors before submission to the GMS.
Corporate Secretary
The PT Angkasa Pura I (Persero) has Corporate relations, administer the leadership secretariat,
Secretary to support the Board of Directors with and ensure that PT Angkasa Pura I (Persero)
respect to Company disclosures. The main functions complies with applicable laws and regulations.
of the Corporate Secretary are to establish internal The Corporate Secretary reports directly to the
and external communications, manage investor President Director in the performance of its duties.

Corporate Secretary Structure

The Corporate Secretary oversees 2 (two) 8, 2018 concerning the Organization and Work
units, namely Corporate Communications and Procedures of the PT Angkasa Pura I (Persero)
Stakeholder Relations and Board of Directors Head Office.
Secretary. Provisions regarding the structure of the
Corporate Secretary are listed in Board of Directors The structure of the PT Angkasa Pura I (Persero)
Decree No. KEP.101/OM.01.01/2018 dated June Corporate Secretary is as follows.
President Director
Vice President
Corporate Secretary
Stakeholder Relations Corporate

& Board of Director Communication
Secretary Senior Manager Senior Manager
Duties and Responsibilities of the Corporate Secretary

Based on Decree No. KEP.101/OM.01.01/2018 c. To ensure its role as people manager
concerning Organization and Work Procedures of within the work unit.
the Head Office, the Corporate Secretary Unit has d. To ensure that work unit activities are
the following duties and responsibilities: implemented in accordance with the
1. 1. The Vice President Corporate Secretary’s established Work Plan and Budget (RKA).
duty is to ensure the enhancement of the e. To ensure that work unit activities are
Company’s profile through the management in accordance with and relevant to the
of Company communications (external and management system applied by the
internal), administration, and relationships Company.
between stakeholders to support the f. To ensure that work unit activities are in
achievement of the Customer Satisfaction accordance with the laws and regulations
Index (CSI) based on the Company Work Plan and internal regulations of the Company.
and Budget (RKAP) and GCG principles. The VP g. To ensure the implementation of activities
Corporate Secretary also ensures compliance that enhance the corporate image.
with laws and regulations and the internal h. To ensure effective communications with
regulations of the Company. internal, external and media entities.
2. The responsibilities of the Vice President i. To ensure that material information/
Corporate Secretary are as follows: facts related to bonds are reported to
a. To ensure the preparation of the Company the stakeholders in accordance with the
Work Plan and Budget (RKAP). prevailing laws and regulations.
b. To ensure achievements of the agreed j. To ensure the availability of Company
management contracts. information and documentation for
decision-making purposes.

Profile and Brief Biography of the Corporate Secretary
Indonesian Citizen, domiciled in Makassar

43 years old, born in Jakarta on August 25, 1976.
Handy Heryudhitiawan was appointed as Corporate Secretary based on Board of
Directors Decree No. SKEP.1649/KP.07.03/2018 dated August 28, 2018.
• Diploma, PLP Curug, 1997
• Bachelor of Public Economy Management, College of Administrative Sciences,
State Administration Institute, 2003
Handy Heryudhitiawan • Master in Management, Indonesian Muslim University, Makassar, 2005
Corporate Secretary
Job Experiences:
• ATC Junior Executive (1997 - 1999)
• ATC Senior Executive (1999 - 2002)
• ATC Radar Executive (2002 - 2009)
• ATS Training Specialist (2009 - 2011)
• Head of Public Relations for Sepinggan Airport Development Project –
Balikpapan (2011 - 2013)
• Corporate Communication Department Head, PT Angkasa Pura I (Persero) (2013
- 2015)
• General Manager of Syamsudin Noor Airport – Banjarmasin (2015 – 2017)
• General Manager of Sultan Aji Muhammad Sulaiman Sepinggan Airport –
Balikpapan (2017 - 2018)
Competence Development of Corporate Secretary

During 2019, the Corporate Secretary did not participate in educational and/or training activities.
Realization of the Implementation of Corporate Secretary

Activities
During 2019, the Corporate Secretary performed 7. Enhanced communication and coordination
the following duties: within the Company (between units/between
1. Counseled, monitored and assisted the branches)
management of office administration 8. Enhanced corporate image, increased
and archives at branch Offices and Airport communications effectiveness, information
Development Projects at 13 airports and Head disclosure and transparency, fostered public/
Office stakeholder trust
2. Accompanied the Board of Directors on work 9. Improved and strengthened relationship with
visits the Media
3. Secured and safeguarded the company’s vital 10. Improved and strengthened relationships
archives with business partners and the community
4. Arranged administrative and archival 11. Enhanced and strengthened the corporate
coordination meetings as well as coordination brand image and fostered public trust through
meeting for the Communication Summit 2019 the implementation of various events.
5. Organized 38 Board of Directors meetings
6. Developed HR and conducted comparative
studies

Internal Audit Committee

PT Angkasa Pura I (Persero) has an Internal Audit assist the President Director in overseeing the
Committee, also known as the Internal Audit effectiveness of the internal control system and
Unit whose establishment was based on Board GCG implementation. Its duties are synergized
of Directors Decree No. KEP.101/OM.01.01/2018 with the functions of the Audit Committee and the
concerning Organization and Work Procedures Business Risk and Good Corporate Governance
of the Head Office. The Internal Audit Unit works Committee.
under the Board of Directors and is tasked to
Organizational Structure and Position of the Internal Audit Unit

The Internal Audit Unit is directly responsible the Internal Audit Unit, namely Operational Audit
to the President Director and is led by the Vice Department, Technical & Information Technology
President Internal Audit. The appointment and Audit Department, Marketing and Business
dismissal of the Vice President Internal Audit is Development Audit, Finance Audit department
performed by the President Director with the and Human Capital and General Affairs Audit
approval of the Board of Commissioners. 5 (five) Department.
departments assist in carrying out the duties of
President Director
Vice President
Internal Audit
Markerting
Human Capital and
Operation Audit Technical & IT Audit and Business Finance Audit Senior
General Affair Audit
Senior Manager Senior Manager Development Audit Manager
Senior Manager
Senior Manager
Marketing
Operation Auditor Technical & IT Auditor and Business Finance Auditor HCGA Auditor
Development Auditor

Internal Audit Unit Charter and Code of Conduct of Auditors
The Internal Audit Unit of PT Angkasa Pura I (Persero) authority, scope, accountability, professional
has an Internal Audit Charter as work guidelines standards and code of conduct.
that was approved and ratified by the Board of C. Relationship Pattern: relationship of internal
Commissioners in January 2017 based on Board of auditor with the auditee, external auditor, as
Directors Decree No. KEP51.I/PG.01/2017. The Internal well as with the Audit Committee and the
Audit Charter includes a discussion on its roles and Business Risk and Good Corporate Governance
responsibilities and the basis for its establishment Committee.
and supervisory duty. PT Angkasa Pura I (Persero) D. Internal Auditor Quality Improvement
has disseminated the contents of the Internal Audit E. Quality Assurance.
Charter to all employees and related parties in order F. Closing.
to build understanding and good cooperation in
realizing the Company’s vision and mission related Furthermore, the Internal Auditor Unit has
to the implementation of internal audits. a Code of Conduct of Auditors to be used as
reference in the implementation of its duties and
The contents of the Internal Audit Charter include: responsibilities. The Code of Conduct covers the
A. Introduction: background and vision and principles of integrity, objectivity, confidentiality,
mission of Internal Audit. and competence.
B. Internal Audit: definition, structure and
position, functions, duties and responsibilities,
Internal Audit Information System
The audits performed by the Internal Audit are the needs of improving the quality of performance
supported by System Information Management and increasing the role of Internal Audit in an effort
Audit (SIMA), which allows automatic data to optimize Information and Technology General
recording of all operational activities. Data Control (ITGC).
collected from SIMA is then processed to meet
Duties and Responsibilites of the Internal Audit Unit
Duties and responsibilities of the Internal Audit operations, technical affairs, marketing
Unit are as follows: and business development, finance and
1. To prepare the work plan and budget and information technology, human capital
annual work programs of the Internal Audit and general affairs, corporate secretary,
Unit. risk management and compliance, project
2. To prepare the audit program to assure the management office, procurement, and
quality of the Internal Audit Unit. corporate planning and performance.
3. To carry out risk-based information gathering 4. To evaluate the effectiveness of the planning
and inspection, oversee compliance process and implementation of internal control,
against rules and regulations, assessments, the implementation of risk management and
presentations, and suggestion for corporate governance in business processes
improvements. Further, the unit shall provide in accordance with prevailing laws and
assurance and consultation for the efficiency regulations, applicable Company policies, and
and effectiveness of work units in accordance GCG principles.
with their areas of responsibility, namely:

5. To prepare reports on audit results and 9. To enhance knowledge, expertise and

recommend improvements of the Company professional capabilities of internal auditors in
and report to the President Director with a the Internal Audit Unit with certification.
copy to the Board of Commissioners.
6. To act as a counterpart to the external auditor In carrying out its duties, the Internal Audit Unit
and the Audit Committee in the audit activities implements the following stages:
in the Company. 1. Audit planning.
7. To conduct special audit within the scope of 2. Conduct a preliminary survey (desk audit).
internal control assigned by the President 3. repare the audit program.
Director. 4. Perform audits.
8. To monitor, analyze, and report on the 5. Prepare work papers and reports.
execution of follow-ups by work units on the 6. Monitor follow-ups.
suggestions for improvement provided to the
President Director.
Authority of the Internal Audit Unit
The Internal Audit Unit is authorized to: 7. Prepare and develop systems, guidelines,
1. Have access, both directly and indirectly, to planning, and work programs of the Internal
documents, personal records, and physical Audit Unit in accordance with applicable
assets of the Company in all of its organs standards and codes of conduct.
(functions) to obtain data and information 8. Make decisions and corrective measures in the
relating to the implementation of its duties. scope of work of the Internal Audit Unit based
2. Communicate directly and hold meetings on on applicable policies and procedures.
a periodic and case-by-case basis with the 9. The Head of Internal Audit and Internal Auditor
Board of Directors, the Audit Committee and do not have the authority to:
the Board of Commissioners. a. Perform operational duties either in the
3. Define the methods, techniques, and audit Company or in subsidiaries.
approaches to be carried out. b. Approve accounting transaction for the
4. Ask for advice and opinions from third parties Internal Audit Unit.
or experts if needed in carrying out its duties. c. Regulate the activities of Company
5. Have a major role in assessing the effectiveness Employees outside the Internal Audit Unit,
of GCG. except as agreed in addition to assisting
6. Develop competencies, roles and performance the Company.
of Internal Audit Unit personnels through d. Department, Finance Audit Department,
certification in the implementation of risk- and Human Capital & General Services
based operational audits, GCG assessment, Audit Department.
Information Technology, Company/
unit performance as seen from the Key
Performance Indicator (KPI) data of the
Company/Unit.

Profile and Brief Biography of the Head of Internal Audit Unit
Indonesian Citizen, domiciled in Jakarta

49 years old, born in Medan on August 23, 1971
Israwadi was appointed as Head of the Internal Audit Unit or Vice President Internal
Audit on 28 August 2018 based on Board of Directors Decree No. SKEP.1648/
KP.07.03/2018.
- Bachelor of Industrial Engineering, Bandung Institute of Technology (1995)
- Master in Marketing Management, Trisakti University (2005)
Israwadi Job Experiences:

Head of Internal Audit Unit - Director of Finance, PT Angkasa Pura Hotel (2012-2016)
- Corporate Secretary, PT Angkasa Pura I (Persero) (2016-2018)
The Chairperson of the Internal Audit Unit is appointed and dismissed by the President Director with the approval of the Board of
Commissioners.
Number and Qualification of Internal Audit Unit Members
Professional Certification for Members Angkasa Pura I conducts audit processes that
of the Internal Audit Unit adhere to international best practices.
The internal auditors of PT Angkasa Pura I (Persero)
use the Internal Audit Professional Standards (SPAI) The Internal Audit Unit of PT Angkasa Pura
from the Consortium of Internal Audit Professional I (Persero) currently has 20 members with
Organizations and the Code of Conduct from professional qualifications or certifications as
The Institute of Internal Auditors. With reference follows.
to these standards, the Internal Audit Unit of PT
Qualification of Internal Audit Unit Members of PT Angkasa Pura I (Persero) in 2019
No. Name Position Qualifications
1. Israwadi Vice President Internal Audit Advanced Internal Audit II, Basic Forensic Audit, CRP &
CPIA Certifications
2. Jarot Handoko Commercial Audit Senior Advanced Internal Audit I, Intermediate Forensic Audit,
Manager CRP & CPIA Certifications
3. Junius F. Walenta Finance Audit Senior Manager Basic Internal Audit II, Basic Forensic Audit, CPIA
Certifications
4. MIlda Human Capital and General Advanced Internal Audit

Services Audit Senior Manager
5. Esti Dewi Fitriani Technical & IT Audit Senior Basic Forensic Audit, QIA, CRP & CPIA Certifications
Manager
6. I Made Adi Susilayasa Auditor Advanced Internal Audit II, Basic Forensic Audit, CRP &
CPIA Certifications
7. Didi Suliyantono Auditor Basic Forensic Audit, QIA, CRP & CPIA Certifications
8. Insan Kamil Auditor Basic Forensic Audit, QIA & CRP Certifications

Qualification of Internal Audit Unit Members of PT Angkasa Pura I (Persero) in 2019
No. Name Position Qualifications
9. Herriyanto Auditor Basic Internal Audit II and CPIA Certifications
10. Tri Suliati Auditor Basic Internal Audit & CPIA Certification
11. Karel Rianto Rantetana Auditor Basic Internal Audit
12. Titis Erawati Auditor Basic Internal Audit
13. Reni Dewita Auditor Basic Internal Audit
14. Triyanto Auditor Basic Internal Audit
15. Binsar Reynold Auditor Basic Internal Audit
16. Minda Afiani Auditor Basic Internal Audit
17. Agni Indradi Auditor Basic Internal Audit
18. Ujang Hendra Auditor Basic Internal Audit
19. Roni Setioko Auditor CRP, CPIA Certifications
20. Titik Budi Utami Internal Audit Officer CRP Certification
Education and Training of Internal Audit

Unit Members in 2019
In order to improve the competence of the Internal The education and/ or training activities
Audit Unit in carrying out its duties, PT Angkasa participated by the internal auditors during 2019
Pura I (Persero) provides an opportunity for are presented in the following table.
members of Internal Audit Unit to participate in
competency development activities.
Education and/or Training Programs of Internal Audit of PT Angkasa Pura I (Persero) in 2019
Name Training Organizer Date
• Yaka Sulistya W Certified Practitioner Of Internal YPIA 11 – 22 March 2019

• Karel Rianto R Audit I
• Tri Suliati
• I Made Adi S
• Restu Suryaningsih Certified Practicioner Of Internal YPIA 13 – 24 May 2019

• Titik Budi U Audit II
• Israwadi
• Jarot Handoko
• Insan Kamil
• Didi Suliyantono
• Israwadi National Conference IIA Solo The Insitute Of Internal 24 – 25 June 2019
• Jarot Handoko Auditors
Israwadi Workshop Audit Internal - Standar YPIA 4 – 5 July 2019

Audit Dan Kode Etik Profesi
Israwadi National Anti Fraud Conference Association Of Certified 9 – 11 July 2019

Bali Fraud Examiners (ACFE)

Name Training Organizer Date
Esti Dewi F Workshop Integrating GRC Asia Anti Fraud 5 – 6 August 2019
Governance Risk And Compliance
Esti Dewi F Advanced Internal Audit Training YPIA 16 – 28 September 2019
Titis Erawati Basic Level Audit Training YPIA 18 – 2 March 2019
Esti Dewi F 17 – 29 June 2019
Agni Indradi 28 October –

9 November 2019
Israwadi Workshop on State Losses in Asia Anti Fraud 7 – 8 November 2019

SOE and SOE Risk Investment or
Corruption
Israwadi International Workshop Best Indonesian Internal Auditor 24 – 28 November 2019

Practices In Implementing Association
Effective Governance
Junius F Walenta Intermediate Level PPAK Forensic PPAK 9 – 16 December 2019

Audit Training
• Herriyanto National Internal Audit Seminar YPIA 24 – 25 April 2019

• Osim
• Insan Kamil
• Milda
• I Made Adi S
Description of Duties of the Internal Audit Unit in 2019
During 2019, the Internal Audit Unit carried out The risk-based operational audits conducted at
its work program effectively. A brief report on the airport branch offices are listed as follows.
activities of the Internal Audit Unit in 2019 is as
follows.
1. Implementation of Operational Audit at
Airport Branch Offices
Implementation of Operational Audits in 2019
No. Implementation of Audit Audit Dates Order Number
1. Lombok Airport – Praya 6 – 15 February 2019 PRIN.DU. 44/PG.01/2019
2. Pattimura Airport – Ambon 6 – 15 February 2019 PRIN.DU. 43/PG.01/2019
3. Adi Soemarmo Airport – Solo 25 Feb – 8 March 2019 PRIN.DU. 63/PG.01/2019
4. Adi Soetjipto Airport – Jogjakarta 25 Feb – 8 March 2019 PRIN.DU. 64/PG.01/2019
5. El Tari Airport – Kupang 18 – 26 March 2019 PRIN.DU. 117/PG.01/2019
6. A. Yani Airport – Semarang 4 – 16 April 2019 PRIN.DU. 141/PG.01/2019
7. Sultan Syamsuddin Noor Airport – Banjarmasin 4 – 16 April 2019 PRIN.DU. 151/PG.01/2019
8. Frans Kaisiepo Airport – Biak 23 April – 2 May 2019 PRIN.DU. 185/PG.01/2019

Implementation of Operational Audits in 2019
No. Implementation of Audit Audit Dates Order Number
9. SAMS Airport – Balikpapan 1 – 5 July 2019 PRIN.DU. 258/PG.01/2019
10. Sam Ratulangi Airport – Manado 15 – 19 July 2019 PRIN.DU. 277/PG.01/2019
11. Sultan Hasanuddin Airport – Makassar 5 – 9 August 2019 PRIN.DU. 330/PG.01/2019
12. I Gusti Ngurah Rai Airport – Bali 19 – 23 August 2019 PRIN.DU. 366/PG.01/2019
13. Juanda Airport – Surabaya 19 – 23 September 2019 PRIN.DU. 370/PG.01/2019
2. Accompaniment of External Audits - Digital Transformation (AOCC/AOCS, AIP)

Assistance of external audits includes: to PT. APS
- Accompaniment on Financial Statements - Extension of Business Partner at
Audit in 2019 with the public accounting International Terminal, I Gusti Ngurah Rai
firm (KAP) of Purwantono, Sungkoro & - Bali
Surja - Draft Request For Activity Proposal
- Accompaniment on Claims Audit by BPKP - Scoping for business and cooperation
for Semarang Project, Check in Counter in opportunities at airports
Bali and Banjarmasin. - Concurrent positions that can cause
conflict of interest
3. Provide consultancy services to work units of - Evaluation of Direct Appointment
the Head Office and branch offices: conditions at subsidiaries
- Airport Service Concession Payment - Partnership offer in implementing the CAI
- Resolution of Legal Problems for Hakaya PSS Technology System
Hotel - EMPU Business and GSE Land Rental
- Revision to the Decree on Procurement of Rates
Goods & Services of AP.I - Collaboration between AP.I with Jakarta
- Payments of Offshore Marketing GVK Infrastructure Propertindo
- Amendment to the area of financial - Direct Appointment to subsidiaries related
commitment of PT NU Prasada to the BPN Master Concession
Champagne Gerai Prada Bar DPS - Establishment of Taskforce in the context
- Principle permit for adjusting the of AP.I participation in the selection
cooperation in managing SRG process of KPBU at Hang Nadim Airport –
advertisement billboards Batam.
- Procurement of PKP-PK Foam Tender - Draft MOU AP.I - Hang Nadim Consortium
Type I vehicles (E-Catalog) Agreement and Placement of Operational
- Brand Corridor Membrane Roof Closing HR at Terminal 4 of Kuwait Airport
Works PPYIA - Discussion on plan to utilize assets at the
- Settlement of Concession Payments former Selaparang Airport by PT. APS
under No: SP.333/HK.06/2015/DU with the - Approval on Settlement of Addendum
Ministry of Transportation to Agreement of PT. Taurus Gemilang on
- Airport Hotel Development Plan at Package D22 Domestic Terminal of I Gusti
Banjarmasin New Terminal Ngurah Rai Airpot – Bali
- Business Partner Selection at A. Yani - Alternative Security Deposit Payment
Airport– Semarang Phase II

All levels of the Auditee are responsible and obliged to follow up on any findings of the assurance and
consulting outcomes through coordination and collaboration between related units. Recapitulation of the
follow-up to the findings of Internal Audit in 2019 is as follows:
Findings and Follow-Up of Audit Results in 2019
Balance
Number of Findings Reccomendations
Findings Recommendations
160 449 1 4
Risk Management Committee

The Risk Management Committee is tasked to Management Committee is regulated under PT
assist the Board of Directors in controlling risk, Angkasa Pura I (Persero) Board of Directors Decree
overseeing Company policies, and optimizing the No. SKEP.196/PG.01/2018 dated October 12, 2018.
risk management function. Formation of the Risk
Organizational Structure and Membership of the Risk

Management Committee
Membership of the Risk Management Committee C. MEMBERS

consists of 1. Director of Operations
1. Committee Chair, led by the Finance Director 2. Director of Technical Affairs
2. Committee Secretary, held by the Vice President 3. Director of Marketing and Services
of Compliance and Risk Management 4. Director of Business Development
3. Committee members, consisting of appointed 5. Director of HR and General Affairs Director
Directors and officials one level below the of HR and General Affairs
Board of Directors in the Head Office. 6. Vice President Internal Audit
7. Vice President Corporate Secretary
Currently, the Risk Management Committee has 8. Vice President Legal
33 members including the Chair and Secretary, 9. Vice President Corporate Planning and
with the following composition. Transformation
10. Vice President Airport Operation
A. CHAIR 11. Vice President Airport Security
DIRECTOR OF FINANCE 12. Vice President Airport Safety
13. Vice President Airport Engineering
B. SECRETARY 14. Vice President Airport Facilities and
VICE PRESIDENT COMPLIANCE AND RISK Maintenance
MANAGEMENT

15. Vice President Airport Equipment 25. Vice President Accounting

16. Project Management Airport 26. Vice President Finance
Development 27. Vice President Procurement
17. Vice President Aeronautical Business 28. Vice President Human Capital
18. Vice President Non Aeronautical Business 29. Vice President Training and Development
19. Vice President Airport Services and 30. Vice President General Services
Hospitality 31. Vice President Corporate Social
20. Project Management Airport Tourism and Responsibility
Connectivity
21. Vice President Business Development
and International Relations
22. Vice President Business Portfolio
23. Vice President Information Technology
24. Project Management Airport Digital
Duties and Responsibilites of the Risk Management Committee
The duties and responsibilities to be performed by b. Implementation of management

the Risk Management Committee are: information systems.
1. To establish a comprehensive risk c. Accuracy of policies, procedures, and the
management policy and strategy in writing. determination of risk appetite and risk
a. The policy includes determining Risk tolerance.
Appetite and Risk Tolerance, both 4. To conduct periodic reviews to anticipate
composite risk, per type of risk, and per changes in the situation, conditions and
functional activity. external and internal developments of the
b. The risk management policy and Company.
strategy is set at least once a year or 5. To establish matters related to business
more frequently in the event of changes decisions that deviate from normal procedures
in factors that significantly affect the (irregularities).
Company’s business activities. 6. To monitor independence of the work unit in
2. To be responsible for monitoring charge of the Head Office Risk Management
implementation of the risk management function.
policy and the Company’s exposure as a whole, 7. To monitor the activities carried out by the
including assessment and directions based on Risk Management and Compliance Unit.
reports submitted by the Risk Management 8. To develop a risk awareness culture for all
and Compliance Unit and the Internal Audit Company employees, through adequate
Unit. communications to all employees regarding
3. To evaluate the effectiveness of risk the importance of effective internal control.
management implementation on a regular 9. To develop human resource competencies
basis, including: related to risk management.
a. Methodology for implementing risk
assessment.

Profile and Brief Biography of the Chair of the Risk Management

Committee
Currently, the Risk Management Committee is chaired by Novrihandri as Director of Finance. The profile of
the Committee Chair can be seen in the Profile of Board of Directors section of this Report.
Implementation of the Risk Management Committee Activities
During 2019, the Risk Management Committee In addition, the Committee benchmarked to
realized its duties and responsibilities other companies for the purpose of exchanging
effectively. The Committee conducted regular knowledge and experience in matters of
meetings to provide inputs to the Vice corporate risk management.
President Compliance and Risk Management
as the risk manager in the Company.
Risk Management System

PT Angkasa Pura I (Persero) ensures that the 2. To provide direction in the application of risk
company’s business processes are in accordance management beginning with identification,
with acceptable risk levels through a series of risk measurement, determination of handling
management processes and the application of techniques, implementation of control
good corporate governance. The implementation activities, communications, and monitoring.
of risk management in the Company is described 3. As a medium for the development, outreach
in Board of Directors Decree No. KEP.77/PG.01/2014 and improvement of risk management
concerning Risk Management Guidelines of PT policies and other supporting regulations on
Angkasa Pura I (Persero), which covers general risk risk management.
management policies, roles and responsibilities, 4. As a guide for stakeholders in managing their
risk management processes, work procedures, business risks.
work instructions, and risk management form. 5. As a reference for Internal Audit in carrying out
risk based audits.
The objectives of the risk management system are
as follows:
1. To map the distribution of authority and
responsibilities of management
RISK MANAGEMENT STRATEGY
PT Angkasa Pura I (Persero) uses the ISO 31000 risk management process includes the following
Risk Management Standard reference in five stages of activities:
implementing enterprise risk management. The

A. Communication and Consultation 3. Risk Evaluation

This is an interactive process of exchanging Risk evaluation is carried out to determine
information and opinions about risk and its risks that require risk treatment based on
management, while consultation is a process priority.
of communication between the Company and
stakeholders regarding certain issues related D. Risk Treatment
to decision making or determining certain Risk treatment is performed to select one or
steps in managing risks. more alternative methods or approaches used
to reduce exposure. The selection of alternative
B. Establishing the Context risk treatments must be based on an analysis
This step involves the mapping of current of the risk treatment costs compared to the
conditions as a source of risk, both internal benefits gained in various related aspects.
and external, in the achievement of targets,
especially in the context of setting the risk E. Monitoring and Review
criteria. Monitoring includes ongoing monitoring by
risk owners. Oversight on monitoring is the
C. Risk Assessment responsibility of the superior of the risk owner,
1. Risk Identification which is performed regularly and through
The identification of risks is performed third parties involving periodic internal and
prudently so that all relevant risks external audits. Meanwhile, the review involves
including those beyond the Company’s a periodic evaluation of the effectiveness of the
control can be ascertained to have been risk management system put in place, and the
identified. effectiveness of the risk management process
2. Risk Analysis for improvement on an ongoing basis.
Risk analysis includes determining the
likelihood of occurrence of risk, the
magnitude of impact of the loss by taking
into account the sources and causes of
risk as well as the control of existing risks
and their effectiveness.
RISK PROFILE AND MANAGEMENT
Risks in the company are grouped into six achieving the company’s long-term vision and
categories. In general, the risks faced by PT mission are described as follows:
Angkasa Pura I (Persero) in the context of
No RISK Description of Risk Risk Management
1 Strategic The various threats/ opportunities To actively monitor changes in the business environment,
Risk that affect the Company’s which either support or hinder the achievement of strategic
strategic objectives, and caused objectives; to detect threats that must be mitigated
by factors that either support or and useful opportunities that need to be exploited. The
hinder the implementation of the achievement of various strategic targets in 2019 is indicative
Company’s strategic programs. of the outcomes of strategic risk management.

No RISK Description of Risk Risk Management
2 Financial The various threats/ opportunities The Company manages financial risk by vigorously recording
Risk that affect the revenue, cost and monitoring its various financial indicators and factors
and profitability targets of the that affect the achievement of revenue, cost and profitability
Company, which may be caused targets in order to detect threats that require mitigation
by factors that either support or and opportunities for exploitation. The outcomes of financial
hinder the Company’s financial risk management are reflected in the Company’s financial
performance. performance.
3 Investment The various threats/ opportunities The Company manages investment risk by monitoring
Risk that have an impact on the changes in the business environment that either constrain
Company’s investment targets, or support the achievement of various investment objectives,
which may be caused by factors in order to detect the emergence of threats that must be
that either hinder or support mitigated and opportunities that can be exploited. The
the implementation of the results of investment risk management are illustrated in the
Company’s various investment Company’s performance in achieving investment targets.
programs.
4 Operational The various threats/ opportunities The Company manages operational risk by monitoring
Risk that have an impact on traffic changes in the operational environment, both external and
and service delivery targets, internal, which hinder or support the achievement of its traffic
which may be caused by service delivery targets in order to detect the emergence of
factors that either hinder or threats that must be mitigated and opportunities can be
support the implementation exploited. The outcomes of operational risk management are
of traffic enhancement and reflected in the Company’s performance in achieving traffic
service delivery programs at the and service delivery targets.
respective airports.

RISK ASSESSMENT
Based on a series of risk monitoring processes These comprised of 407 risks at the Head Office,
performed at the Head Office, branch 1,844 risks at branch offices and 64 risks related
offices, and subsidiaries until the second to airport construction /development projects.
half of 2019, the total active risks identified
in PT Angkasa Pura I (Persero) was 2,315.
REVIEW OF THE RISK MANAGEMENT SYSTEM
PT Angkasa Pura I (Persero) constantly the development of the online-based risk

reviews the effectiveness of implementation management information system allows the
of the Risk Management System. The review Board of Directors to participate actively in the
mechanism involves supervision by the Board of Company’s risk monitoring process.
Commissioners and Board of Directors, adequacy
of the information system, and adequacy of ADEQUACY OF IDENTIFICATION,
the process of identification, measurement, MEASUREMENT, MONITORING, AND RISK
monitoring, and risk control. CONTROL PROCESSES
To ensure that the risk management process has
SUPERVISION OF BOARD OF COMMISSIONERS been executed in accordance with the applicable
AND BOARD OF DIRECTORS guidelines and regulations in the Company, the
Through the Business Risk and GCG Board of Directors through the internal audit
Committee, the Board of Directors and Board of unit performs checks, evaluations, reports and/
Commissioners regularly hold meetings with the or provides recommendations on the adequacy
Compliance and Risk Management Unit in order and effectiveness of the process, which is then
to monitor the risks faced by the Company and followed up through an evaluation by the Risk
follow-up actions undertaken by risk owners to Management Committee.
minimize these risks. The Compliance and Risk
Management Unit reports the results of risk EVALUATION OF RISK MANAGEMENT
monitoring within the Company at least twice IMPLEMENTATION
a year to the Board of Directors and Board of In the effort to ensure that risk management
Commissioners. has been able to play an important role in
helping the achievement of the Company’s
ADEQUACY OF RISK MANAGEMENT goals, starting in 2014 the Company conducted
INFORMATION SYSTEM an annual evaluation together with external
To answer the company’s needs for easily parties to measure the level of maturity of risk
accessible data on risk in real time, currently a management implementation within PT Angkasa
web-based module on risk management system Pura I (Persero). The maturity assessment aims
is under development. to obtain a picture of the application of risk
management in the Company compared to best
This system aims to facilitate the Company’s practices and identify where improvements can
risk managers in monitoring and updating be made, such that recommendations can be
data related to risks owned by work units in real made to enhance the implementation of risk
time and for easy documentation. Furthermore, management in the future.

In general, maturity assessment within the general, all levels of the Company’s management
Company is carried out once every two years, have achieved a good performance, as seen in
which is based on a series of processes to the Corporate KPI score of 90.27 f rom the target
measure Risk Management Maturity. In 2019, of 100.00.
the Company’s risk management maturity level
achieved a score of 3.37 from a scale of 5. In
Internal Control System

The Internal Control System implemented by CONTROL ENVIRONMENT
PT Angkasa Pura I (Persero) is conducted with The control environment is a factor that
reference to Minister of State-Owned Enterprises affects the entire company, especially with
Regulation No. PER-01/MBU/2011 Article 26 regard to business ethics and GCG. The control
concerning Implementation of Good Corporate environment is developed as an effective
Governance in State-Owned Enterprises. foundation to support the running of the
internal control component in PT Angkasa Pura
Internal control is a process that involves the I (Persero). The control environment has the
Board of Commissioners, management and other following elements:
personnel, which is designed to provide adequate
confidence in the effectiveness & efficiency of 1. Integrity and ethical values
operations and the reliability of reporting and The various means adopted by top-level
compliance with applicable laws and regulations. management to emphasize the importance
Implementation of Internal Control within the of integrity and ethical values among
Company is through the concept of three lines of company personnel.
defense, as follows:
a. The first line of control is at the frontline units, 2. Commitment and competence
which is carried out by the operational unit Awareness of management of the mix of
as risk owner and executor of the business intelligence, training and experience needed
process, for employees to develop their potential.
b. The second line of control is with the
support units that have direct control over 3. Director and Audit Committee
the company’s operations, such as financial Directors are responsible for ensuring that
control, security, risk management, quality management fulfills its responsibilities
control, inspection and compliance. for establishing and maintaining internal
c. The third line of control is assurance over control, while the Audit Committee is
the control processes conducted by the first responsible for recognizing management’s
and second lines, which is performed by an refusal to acknowledge control or fraud
independent unit within the company, namely in the financial statements, and to follow
the Internal Audit Unit. appropriately.

4. Management philosophy and operating individuals having access to assets, data and
style information, providing adequate security and
Management has a major role in providing implementing other procedures to ensure
a good control environment in the the physical control of assets in accordance
organization. with their objectives.
5. Organizational structure 2. Separation of functions.

Drawing up the lines of authority and This is intended to reduce errors, f raud and
accountability relationships so that it can waste. The separation of functions within the
contribute to the control environment both Company also aims to strengthen the internal
in terms of providing a f ramework as a whole control system. In addition, this is conducted
for planning, implementation, and control of in the effort to prevent irregularities and
operations. for management to anticipate undesirable
problems f rom occurring in the future. The
6. Delegation of authority and responsibilities following are examples of separation of
A written memorandum regarding policies, functions:
rules of the game, job descriptions, and so a. No one is allowed to control all the main
on. aspects of events and transactions f rom
beginning to the end of the process.
7. Employee policies and practices b. Different employees (personnel) must
The ability to develop trustworthy employees carry out the activities of authorizing,
who have the required competencies in their processing, recording and reviewing.
respective fields. c. The duties and responsibilities of the
respective functions must be executed in
FINANCIAL AND OPERATIONAL CONTROL accordance with the Standard Operating
Financial control is the stage where the financial Procedures and work instructions to
plan is implemented and feedback is received, ensure control over the separation of
thereby requiring adjustment to ensure that the functions.
plan can be executed, or to change the existing
plan in response to changes in the operating 3. Events and transactions.
environment. On the other hand, operational a. Control is performed to ensure that
control is the placement process so that only valid events and transactions are
operational activities are carried out effectively recorded in accordance with existing
and efficiently. Operational and Financial provisions.
Controls include: b. Control is performed to ensure that
employees assigned with the specific
1. Physical control of assets. duties and responsibilities have properly
The physical control of assets in a corporate authorized all events and transactions.
environment is aimed at securing and c. The terms and conditions for granting
protecting high-risk assets. This is important authorization must clearly be formulated
because negligence in safeguarding and communicated to the heads of work
assets will result in theft, embezzlement units and employees.
and other forms of asset manipulation
that will be detrimental to the company.
Physical control of assets includes limiting

4. Accurate and timely recording of events and interested parties can access the records at
transactions. any time if needed. The recording of events
Accurate and timely recording of events and transactions is part of internal control
and transactions must be carried out within that must be executed appropriately.
the company to ensure the availability of
relevant, trusted and timely information to SUITABILITY WITH COSO
assist leaders in making decisions to achieve Internal Control processes at PT Angkasa
company goals. Pura I (Persero) are in accordance with the
internal control framework of the Committee of
5. Limiting access and accountability on Sponsoring Organizations (COSO), which consist
resources and its recording. of the following 5 (five) components:
Access to company resources and records
must be limited only to personnel who are 1. Control Environment
assigned the responsibility and authority, Through the culture of SATU (Synergized,
who then must account for managing Adaptive, Reliable and Excellent), the
resources and maintaining all records. To implementation of Good Corporate
ensure control is carried out correctly, this Governance (GCG) is regulated in a code of
aspect must be verified periodically by conduct booklet that has been disseminated
comparing the amounts recorded with the and distributed to all employees, and
physical availability. accompanied with the signing of the
Integrity Pact.
6. Proper recording of events and controlling
transactions.
Every event and transaction in the company
must be documented properly to ensure that

2. Risk Assessment activities, email, website, intranet, HCIS

PT Angkasa Pura I (Persero) has established (Human Capital Information System),
a special unit to handle risk assessment, risk electronic libraries, and other media. During
profiling and risk management. The risk audits by the Internal Audit, information and
owners register all risks and risk mitigation communication was exchanged in phases
is planned as stated in the risk profile. Risk between the auditor and auditee.
profiles are used as background by the
Internal Audit to conduct risk based audits. 5. Monitoring
Mitigation plans that require expenditures to Monitoring activities according to COSO
be made and proposed in the Budget Work principles were carried out through
Plan (RKA) are based on the underlying risks. performance checks by technical supervisors
and internal audit as well as external audit
3. Control Activities bodies.
PT Angkasa Pura I (Persero) executed control
activities in accordance with COSO principles, EVALUATION OF THE INTERNAL CONTROL
i.e. through adequate separation of duties, SYSTEM
appropriate authorization of transactions Evaluation of the effectiveness of the control
and activities, proper documentation and system was performed through audits, both
recording as stated in the Audited Annual internally by the Internal Audit, and externally by
Financial Statements. In addition, physical an external Auditor. Management is responsible
control was performed on assets and records, for the implementation of a reliable and
as well as independent performance checks, effective Internal Control System and ensures
both by Internal Audit and External Audit. that it has been embedded at every level of
the organization’s Internal Control System as
4. Information and Communication a whole. Further, supervision is carried out to
PT Angkasa Pura I (Persero) has provided support the assertion of the Board of Directors
information and communication through on the effectiveness of the Company’s Internal
coordination meetings, dissemination Control System.

The evaluation results are submitted to during 2019, the internal control system at PT
management for follow up and monitoring to Angkasa Pura I (Persero) is considered to be
ensure that the Internal Control System can adequate.
run effectively. Based on evaluations conducted
Public Accountant
Based on Financial Services Authority (OJK) During the audit process. PT Angkasa Pura I
Regulation No. 13/POJK.03/2017 concerning Use of (Persero) facilitated regular meetings between
Public Accountant Services and Public Accounting the public accounting firm (KAP) and the Audit
Firms in Financial Services, PT Angkasa Pura and Management Committee. As a result, audit
I (Persero) conducts an annual financial audit activities run well in accordance with Professional
of the company using external audit services. Accounting Standards and work agreements and
In this regard, the Company guarantees the audit scope as well as the set timelines.
independence of external auditors who do not have
a conflict of interest so that the quality of the audit
and the results can be trusted by stakeholders.
Implementation of External Audit Function
In addition to KAP, PT Angkasa Pura I (Persero) agencies. Public Accounting Firm (KAP) works
was also audited by other external parties, in accordance with the agreed contract with the
namely the State Audit Board (BPK) and the Company to audit the financial statements and
National Audit and Development Board (BPKP). key performance indicators (KPI) of the Company.
PT Angkasa Pura I (Persero) is a state-owned On the other hand, BPK and BPKP carry out the
enterprise (SOE) and, according to regulations, function to audit the financial statements, KPIs,
must be audited by the two Government and internal audit performance of the Company.

Appointment of Public Accountant
Appointment of the Public Accounting Firm PT Angkasa Pura I (Persero) appointed the
to audit the annual financial statements of PT Public Accounting Firm (KAP) of Purwantono,
Angkasa Pura I (Persero) for 2019 was conducted Sungkoro & Surja through the Annual GMS
through a tender process and overseen by the based on recommendations f rom the Board of
Audit Committee and the Internal Audit Unit. Commissioners and the Audit Committee.
To conduct the audit in Financial Year 2019,
Public Accounting Firm, Name of Accountant, and Audit Services

Fees
Disclosure on the list of Public Accounting Firms (KAP), name of accountants, and service fees incurred
by the Company for the last 5 (five) years is as follows:
List of Public Accounting Firms for the Last 5 Years
Permit
of Public
Name of Accountant Audit Services
Year Public Accounting Firm Period Accounting
(Partner in Charge) Fee
Firm License
Number
2019 KAP Purwantono, Moch. Dadang Rp 2.597.430.000 KMK NO. 603/

Sungkoro & Surja Syachruna KM.1/2015
2 Periods
2018 KAP Purwantono, Moch. Dadang Rp2.962.294.500 KMK NO. 603/
Sungkoro & Surja Syachruna KM.1/2015
2017 KAP Djoko, Sidik dan Indra Indra Soesetiawan Rp1.989.955.000 NIUKAP: 959/
1 Period
KM.1/2014
2016 KAP Hadori Sugiarto Adi Wijadi, Ak, CPA Rp1.749.632.500 KEP-444/
dan Rekan KM.1/2009
3 Period
2015 KAP Hadori Sugiarto Adi Wijadi, Ak, CPA Rp1.455.281.100 KEP-444/
dan Rekan KM.1/2009
* Price includes fees for other services provided by accountants.
Other Services Provided by Accountants

In 2019, the appointed Public Accounting Firm 3. Independent Auditor Report on Key
(KAP) also provided other services in addition to Performance Indicators for the Year Ended on
the annual financial statement audit services in December 31, 2019;
the last financial year, namely: 4. Assessment Report on Compliance against
1. Independent Auditor Report on PT Angkasa the Laws and Regulations for the Year Ended
Pura I (Persero) Partnership and Community on December 31, 2019;
Development Program (PKBL) Financial 5. Assessment/Study Reports on the adequacy
Report for the Year Ended on 31 December of internal controls implemented by the
2019; management of PT Angkasa Pura I (Persero)
2. Performance Evaluation Report of PT Angkasa for Financial Year 2019.
Pura I (Persero) for the Year Ended on
December 31, 2019;

Legal Proceedings
In 2019, PT Angkasa Pura I (Persero), its subsidiaries, under process of settlement. Further, 7 cases that
members of the Board of Directors, and members were closed in 2019 were continuations from the
of the Board of Commissioners were faced with previous year.
several legal proceedings. A total of 6 cases, both
civil and criminal cases, have been resolved. On A summary of legal proceedings throughout 2019
the other hand, 8 civil and criminal cases are still can be seen below.:
Legal Proceedings Faced by the Company, Subsidiaries,

Members of the Board of Commissioners, and Members of the Board of Directors by Type of Case in 2019
Number of Cases
No Type of Case
Closed Ongoing
1 CRIMINAL - -
2 CIVIL 6 8
Total 6 8
Note:
Includes Business Competition Cases and Accompaniment by the Guards, Government Safeguards and Regional Development (TP4P) and Industrial
Relations
Furthermore, several legal proceedings faced in 2019 along with the case status and its effect on the
Company are explained as follows.
Legal Proceedings Faced by the Company, Subsidiaries,

Members of the Board of Commissioners, and Members of the Board of Directors in 2019
Risks faced by
Effect
Settlement the Company and Management ADMINISTRATIVE
No Merits of Case Against the
Status nominal value of Efforts SANCTIONS
Company
claims/lawsuits
1 Lawsuit filed by Paulus Wuwungan The settlement None Claim for Monitor and None
concerning Unlawful Acts against: process is at compensation of Rp assist in the
a. Minister of Transportation the Manado 335,000,000,000 settlement
b. PT Angkasa Pura I (Persero) District Court process of the
c. Minister of State-Owned case
Enterprises
under Case Number 252/Pdt.G/2019 /

PN.MND
2 Lawsuit filed by Maria Nellie Awuy The settlement None Claim for Monitor and None
Sumakul concerning Unlawful Acts process is compensation of Rp assist in the
against: currently 64,123,200,000 settlement
a. The Transportation, under appeal process of the
Communication and at the North case
Information Department of Sulawesi High
North Sulawesi Province Court
b. President Director of PT Angkasa
Pura I (Persero)
c. Minister of Finance
d. Minister of State-Owned
Enterprises
under Case Number 465/Pdt.G/ 2016/

PN.MND

Effect Risks faced by

Settlement Against the Company and Management ADMINISTRATIVE
No Merits of Case
Status the nominal value of Efforts SANCTIONS
Company claims/lawsuits
3 Lawsuit filed by PT Aneka Glass The settlement None Claim for Coordinate None
Abadi concerning non-performance process is compensation of Rp with PT
of contract against PT Makassar currently at 773,868,500 Makassar
Indah Graha Sarana and PT Angkasa the Supreme Indah Graha
Pura I (Persero) under Case Number Court of the Sarana to
352/PDT.G/2010/PN.JKT.PST jo. 385/ Republic of immediately
PDT/2011/PT.DKI jo. 2764 K/Pdt/2012 jo. Indonesia cq. resolve the
564 PK/PDT/2016 Central Jakarta case
District Court
4 Civil Lawsuit filed by Lalu Ramli et al The settlement None Claim for Monitor and None
concerning Unlawful Acts against: process is compensation of Rp assist in the
a. PT Angkasa Pura I (Persero) under appeals 105,132,000,000 and settlement
b. President of the Republic of process at material and moral process of the
Indonesia the Supreme compensation of Rp case
c. Minister of State-Owned Court of the 3,360,000,000.
Enterprises Republic of
d. Governor of West Nusa Tenggara Indonesia
e. Regent of Central Lombok
f. Corruption Eradication
Commission
g. National Land Agency of Central
Lombok
h. National Human Rights
Commission
i. Chairman of the NTB Parliament
j. Chairperson of Central Lombok
Regency Parliament
under Case Number 039/Pdt.G/ 2018/

PN.Pya jo. 77/Pdt/2019/ T.Mtr
5 Lawsuit filed by Hamni et al The settlement None Claim for Monitor and None
concerning Unlawful Acts against: process compensation of Rp assist in the
a. PT Angkasa Pura I (Persero) is under 2.608.693.750 settlement
b. Banjarbaru City Land appeals at process of the
Procurement Committee the Supreme case
c. Banjarbaru National Land Agency Court of the
d. Head of Syamsudin Noor Urban Republic of
Village Indonesia
6 Lawsuit filed by Muhammad Bin Banjarbaru None • Material loss: Monitor and None
Abdurraup for Unlawful Acts against: District Court Personal assist in the
a. PT Angkasa Pura I (Persero) rejected the compensation settlement
Syamsuddin Noor - Defendant I Plaintiff’s Land: 97.200 m2 process of the
b. General Manager of PT Angkasa claim under X Rp.300.000,- case
Pura I (Perseo) Syamsudin Decision = Rp.
Noor Airport Branch Office - Number: 29/ 29.160.000.000,-
Defendant II Pdt.G/2018/ Compensation
PN.BJB. for public
under Case Number 29/Pdt.G/2018/ purpose
PN.BJB The Plaintiff Land: 97.200 m2
then filed an X Rp.250.000,- =
appeal. Rp.
24.300.000.000,-
• Immaterial loss
Rp.400.000,- x 12
= Rp. 4.800.000,-

Risks faced by
Effect
Company
claims/lawsuits
7 Lawsuit on Industrial Relations Judicial None None Keep an eye None

Dispute filed by Wawan Zulmawan process on the court
against PT Angkasa Pura I (Persero) has been decision
under Case Number 153/Pdt.Sus.PHI completed.
/2019/PN.JKT.PST jo 901 K/Pdt.Sus- Lawsuit
PHI/2019 of Wawan
Zulmawan was
rejected
8 Lawsuit on Overpayment against The lawsuit of None None Coordinate None

the Stipulation of Consignment 103/ PT Angkasa with National
Pdt.P.K/2017 filed by PT Angkasa Pura Pura I Land Agency
I (Persero) against Kerto Sertiko under (Persero) was and the Wates
Case Number 1156/ Dju.4/HK.02/ granted and a District Court
VIII/2018 refund of Rp
589,833,086
was received.
9 Claim on outstanding arrears against Assets Recording None Coordinate None

PT Kalstar Aviation’s bankruptcy are being Kalstar with curator
assets by PT Angkasa Pura I (Persero) auctioned off arrear
as stated in the Decision of PT Kalstar by a curator payments
Aviation’s Bankruptcy Number 63/ as company
Pdt.Sus.Pailit/2017/ PN.Niaga.Jkt.Pst. income
10 Delay of Debt Obligation Payments Settlement Receivables None Keep an eye None
by PT Merpati Nusantara Airlines process has from PT on the creditor
(Persero) been approved Merpati meeting
by creditors Nusantara outcomes
Airlines
(Persero) to
PT Angkasa
Pura I
(Persero)
were
converted to
shares
11 Lawsuit on non-performance of The verdict of None None Keep an eye None

contract filed by PT Aksara Indah the hearing on the court
against PT Angkasa Pura I (Persero) stated that the decision
under Case Number 139/Pdt.G/2018 / lawsuit was
PN.SLEMAN not acceptable
12 Lawsuit filed by Iwan Sardjono on The settlement None None Keep an eye None
Unlawful Acts against: process is at on the court
a. President Director of PT Angkasa the appeal decision
Pura I (Persero) cq. General stage
Manager of PT Angkasa Pura I
(Persero)
b. Yusuf Maryoto
c. Banjarbaru City Land
Procurement Committee
d. National Land Agency (BPN)
cq. Head of South Kalimantan
Province Land Office cq. Head of
the Banjarbaru City Land Office
under Case Number 19/Pdt.G/2018/PN

Bjb jo 25/PDT/2019/PTBJM

Risks faced by
Effect
Company
claims/lawsuits
13 Lawsuit on Unlawful Acts between: Judicial None None Keep an eye None
a. Plaintiff I: Suwarsi process on the court
b. Plaintiff II: Eko Wijanarko has been decision
c. Plaintiff III: DM.Endah Prihatini completed.
d. Plaintiff IV: Hekso Leksmono Lawsuit of the
Purnomowati E plaintiffs was
e. Plaintiff V: Nugroho Budiyanto rejected
f. Plaintiff VI: Rangga Eko Saputro
g. Plaintiff VII: Diah Putri Anggraini
Against:
a. Kanjeng Gusti Pangeran Adipati
Aryo Paku Alam V
b. Director of PT Angkasa Pura I
under Case Number 24/Pdt.G/2017 /

PN.Wat jo 62/Pdt/2018/PT YYK
14 Investigation by the Commission for The None None Keep an None

Supervision of Business Competition investigation eye on the
of the Republic of Indonesia for process investigation
alleged violations of Law Number 5 has been process
of 1999 related to passenger tickets completed
for economy class on scheduled
domestic flight routes as per Letter of
Acting Deputy for Law Enforcement
of KPPU No 257/DH/P /V/2019
15 Investigation of alleged corruption in Under None None Provide legal None

the Development of Bali Package III investigation assistance
Project by the Corruption Eradication process to the
Commission investigated
company
personnel
16 Investigation into alleged corruption The None None Provide legal None
in the Procurement of Rubber investigation assistance
Deposit Removal by the Metro Jaya process to the
Regional Police has been investigated
completed company
personnel
17 Investigation of alleged corruption Under None None Provide legal None

in connection with the Sale investigation assistance to
and Purchase of Flats on Land process the company
Management Rights on behalf of PT personnel
Angkasa Pura I (Persero) questioned as
witnesses

Administrative Sanctions
During 2019, no administrative sanctions were Directors by the authorities related to capital
imposed on PT Angkasa Pura I (Persero), members markets, banking and others.
of the Board of Commissioners and Board of
Code of Conduct
PT Angkasa Pura I (Persero) has a code of conduct behavior is consistent with the Company culture
or the Company code of ethics as guidelines for and in line with efforts to achieve the Company’s
every individual working in the organization. The vision and mission statements, including in
Code has the objective of ensuring that individual relation to GCG implementation.
Code of Conduct Subject Matter
The code of conduct guidelines for PT Angkasa concerning Code of Conduct of PT Angkasa Pura
Pura I (Persero) is regulated under Board of I (Persero). The code of conduct regulates the
Directors Decree No. KEP.43 / OM.04 / 2014 subject matters as follows:
Chapter I Introduction
Contains rationale; the objective of code of conduct guidelines; purpose of the code of conduct,
responsibilities of employees to uphold the code of conduct; and the responsibilities of leaders of the
Company to uphold the code of conduct.
Chapter II Vision, Mission, Commitment and Corporate Work Culture

Contains the vision and mission statements; Company commitment; and the Company work culture.
Chapter III Work Ethics

Contains ethics and behavior of Commissioners, Directors and employees; occupational health and
safety and work environment; intellectual property rights; information and communication technology
systems; document storage; financial recording and reporting; securing Company assets; confidentiality
of information; Company reputation and image; conflict of interest; bribery and corruption, collusion
and nepotism; donations, meals and gifts; official travel expenses; and contributions to political activities.
Chapter IV Business Ethics

Contains compliance with laws, regulations and policies; Company relationship with customers,
government, business partners, suppliers, creditors/ investors, and subsidiaries/ joint ventures/ affiliated
companies; and social responsibility to the community.
Chapter V Application of the Code of Conduct

Contains dissemination of code of conduct, brief guidance for implementation of the Company’s
compliance statement, channel for complaints; and sanctions for violating the code of conduct.
Chapter VI Closing

Compliance against Code of Conduct
PT Angkasa Pura I (Persero) continuously strives Thus, all personnels of PT Angkasa Pura I
to ensure that the existing code of conduct (Persero) sign an annual statement that they
is complied and adhered to by all Company have received, understood and agreed to comply
Personnels, including members of the Board with the Code of Conduct. In order to support
of Commissioners, members of the Board of good corporate governance, each supplier
Directors, and employees in accordance with working with the Company is also required to
the Joint Decree of the Board of Directors and sign an Integrity Pact as one of the conditions for
Board of Commissioners No. KEP.111/OM.04/2019 registering the company in the PT Angkasa Pura
and Number KEP.03/DK.API/ 2019 concerning I (Persero) Vendor Management System (VMS).
Code of Conduct of PT Angkasa Pura I ( Persero).
Dissemination of the Code of Conduct
PT Angkasa Pura I (Persero) guarantees that conduct through the new employee orientation
all personnels of the Company at every level program, distribution of employee pocket books,
understand and apply the code of conduct dissemination of information related to the
through the implementation of code of company’s code of conduct on internal websites,
conduct dissemination. Every personnel of as well as through other activities and media
the Company receives training on the code of owned by the Company.
Efforts to Implement and Enforce the Code of Conduct
Efforts to implement and enforce the code Proven violations of the Company code of conduct
of conduct are carried out through various will be subject to sanctions in accordance with
approaches, including mechanisms for reporting applicable regulations and in accordance with
suspected violations. If there is a suspicion that the level of violation. Sanctions are imposed
the code of conduct has been violated, every through an objective, independent, tiered,
individual in PT Angkasa Pura I (Persero) is and non-discriminatory process. Enforcement
required to report it to the Board of Directors, of the code of conduct and investigation of
Board of Commissioners, or the head of work unit disciplinary violations by Company employees
in charge of personnel matters. In the event that is also performed by the Employment Advisory
a report is made, PT Angkasa Pura I (Persero) is Board (BPK) and Committee for Supervision and
committed to protecting and guaranteeing the Investigation of Employee Disciplinary Violations
confidentiality of whistleblowers. (P4DP).

Types of Sanctions for Violations of the Code of Conduct
The following table describes types of sanctions that are imposed on violators of the code of conduct
according to the level of violation:
Types of Sanction for Violations of the Code of Conduct in PT Angkasa Pura I (Persero)
Level of Sanction Type of Sanction
Minor Disciplinary • Verbal admonition/reprimand

Sanction • Written admonition/reprimand
• Written statement of dissatisfaction
• Deferred periodic salary increase
Moderate Disciplinary • Salary reduction equal to the amount of a periodic salary increase for a maximum of
Sanction 1 (one) year.
• Demoted to a rank a level lower for a maximum of 1 (one) year.
• Demoted to a position class a level lower for a maximum of 1 (one) year
Severe Disciplinary • Dismissed from a structural position and excluded from any structural position
Sanction • Demoted to a rank 2 (two) levels lower or more
• Demoted to a position class 2 (two) levels lower or more.
• Disrespectfully dismissed not at his/her own request as an employee.
• Disrespectfully dismissed as an employee.
Number of Violations of the Code of

Conduct in 2019
In 2019, PT Angkasa Pura I (Persero) has dealt with This indicates that the sanctions for violations of
13 violations of the code of conduct. This number the code of conduct in the company has been
increased compared to the number of violations imposed, and it is hoped that the firmness that
in 2018 of 7 cases. has been carried out will further enhance the
compliance of the company’s personnels.
Number of Violations of the Code of Conduct in 2019
Number of Violations
Level of Sanction
2019 2018
Minor Disciplinary Sanction 3 -
Moderate Disciplinary Sanction 1 1
Severe Disciplinary Sanction 13 6
Total 17 7
Follow ups were carried out by PT Angkasa Pura cases were followed up by demotion to a position
I (Persero) related to violations of the code of class 2 (two) levels lower or more, 1 (one) case were
conduct by type of violation. In 2019, there was 1 followed up by written admonition/reprimand.
(one) case that ended with dismissal, 12 (twelve)

Whistleblowing System
Whistleblowing System (WBS) is set out in Board 3. To reduce the risks faced by PT Angkasa Pura
of Directors Decree No. KEP.192/PG.01/2016, as I (Persero) f rom all forms of violations.
amended by the Board of Directors Decree No. 4. To provide a mechanism to deal with internal
KEP.69/PG.01/2018. Dissemination of WBS is violations so as not to become a public
carried out through infographic videos aimed violation issue.
at raising awareness about the Whistleblowing 5. To disclose violations in PT Angkasa Pura I
System and motivation to prevent f raud in the (Persero) that are not in accordance with
Company. ethical and legal standards.
6. To create a conducive work climate and be
The objectives of implementation of WBS in PT a means for stakeholders and the Company
Angkasa Pura I are: personnels to report on issues that potentially
1. To realize GCG principles. cause losses to PT Angkasa Pura I (Persero),
2. To prevent f raud, unlawful acts, ethics either financial and non-financial, which can
violations and other violations, as the damage the image and business continuity
Whistleblowing System is able to enhance of the Company.
detection and reporting of potential
violations.
Submission of Violation Reports
WBS can be used by all personnels of PT Angkasa Pura I (Persero) regardless of position and gender.
The whistleblowers can access WBS online or submit hard copies of report documents or evidence to:
Compliance Department
Head Office, Jakarta
Graha Angkasa Pura I
Jl. Kota Baru Bandar Kemayoran Blok B. 12 Kav 2
Gunung Sahari Selatan, Kemayoran
Jakarta Pusat, 10610
Indonesia
Website: wbs.ap1.co.id
Reports through WBS may state the identity of explanation of the suspected violation, location
the person or not (anonymous), but the complaint of the violation, time of the violation, and the
must provide clear information, evidence, or parties suspected of being involved in committing
allegations . The report elements must include an violations.

WBS Online Access of PT Angkasa Pura I (Persero)
Complaint Handling
The types of complaints that can be reported 8. Leaking the Company’s confidential
through WBS are: information
1. Misusing of Company’s facilities. 9. Blackmailing
2. Threatening Behavior. 10. Stealing
3. Embezzling the Company’s money 11. Committing a f raud
4. Misusing one’s position for personal or group 12. Cheating
interests or for other interests other than the 13. Committing a disciplinary violation
Company’s interests 14. A conflict of interests
5. Embezzling the Company’s assets. 15. Corruption.
6. Accepting, giving, or asking for gratification 16. Collusion
7. Committing ethics violations and engaging 17. Nepotism.
in disgraceful conduct
Whistleblower Protection
PT Angkasa Pura I (Persero) guarantees protection the Whistleblowing System of PT Angkasa Pura I
for whistleblowers and reported parties set forth (Persero). The warranty protection is expected to
in PT Angkasa Pura I (Persero) Board of Directors encourage whistleblowers to report suspected
Decree No. KEP.212/HK.01.01/2019 concerning violations in the Company, so that the WBS can be
Amendment to the Board of Directors Decree an effective system.
No. KEP.69/PG.012018 concerning Guidelines for

The forms of the Company protection for related to the whistleblower, reported party, and
whistleblowers include, among others, the report content, then PT Angkasa Pura I (Persero) is
guarantees of confidentiality of the identity no longer obliged to guarantee the confidentiality
and contents of the report, and security from and protection that is the right of the whistleblower.
threats or harmful behavior. The whistleblower
is protected from unfair dismissal, demotion, On the other hand, the reported party also obtains
intimidation, harassment or discrimination, and a guarantee for the confidentiality of identity
is protected from other actions that may harm as long as the suspected violation has not been
the whistleblower. Protection for whistleblowers proven. The reported party is given the opportunity
is provided by considering the principle of to mount a defense and provide an explanation on
confidentiality between the whistleblower and the the evidence found.
Company. If the whistleblower leaks confidentiality
Parties in Charge of the Management of Reports on the

Whistleblowing System
The Whistleblowing System is managed by the of Directors Decree No. KEP.212/HK.01.01/ 2019,
Whistleblowing System Management Team consisting of:
formed by the PT Angkasa Pura I (Persero) Board
No. Composition Position in Team
Steering
A Board of Commissioners Supervisor
Board of Directors Person in Charge
Executor
Vice President Compliance and Risk Management Chair

B
Compliance Senior Manager Deputy Chair
Compliance Officer Administrator
The Committee for Supervision and Investigation 2. Suspected Violations by the Task Force,
of Employee Disciplinary Violations (P$DP) of Employee Agreement for a Specific Period
PT Angkasa Pura I (Persero) has the authority to (PWKT), Employee Agreement for an
investigate and decide on sanctions for violations, Indefinite Period (PWKTT), and Outsourced
with the following authority: Employees.
The handling of reports on suspected violations
1. Suspected Violations by Employees of PT related to and/or committed by the Task Force,
Angkasa Pura I (Persero). PKWT, PKWTT, and outsourced employees is
Handling of reports on suspected violations under the authority of the President Director
related to and/or committed by Angkasa Pura which is forwarded to the Human Capital
I Employees, including the Whistle Blowing Group Head so that they can be followed up in
System Management Team that manages accordance with relevant provisions.
WBS is under the authority of the President
Director.

3. Suspected Violations by the Board of 4. Suspected Violations by Supporting Organs

Directors and/or Board of Commissioners. of the Board of Commissioners.
The handling of reports on suspected violations Handling of reports on suspected violations
related to and/or committed by the Board of related to and/or committed by the Supporting
Directors and/or Board of Commissioners is Organs of the Board of Commissioners is
submitted to shareholders/Ministry of SOEs. adjusted to the relevant provisions.
The Board of Commissioners in accordance
with their authority, GMS and the Company
Articles of Association, can follow up reports
on suspected violations related to and/or
committed by members of the Board of
Directors.
Complaint Handling Mechanism
WHISTLEBLOWING
START
SYSTEM MANAGEMENT TEAM
WHISTLE BLOWER FILLING DATA VERIFICATION INITIAL RESEARCH PROCESS

KNOWS THE VIOLATION INFRINGEMENT AND 4W1H ANALYSIS AND REPORTING OF EARLY
TAKEN BY PT ANGKASA FORM THROUGH RESEARCH RESULTS
PURA I (PERSERO) PT ANGKASA PURA
PERSONNEL I (PERSERO) WBS
WEBSITE
www.wbs.ap1.co.id
PRESIDENT
DIRECTOR
BOARD OF
P4DP HUMAN CAPITAL SHAREHOLDERS
COMMISSIONERS
IF THE REPORTED IF THE REPORTED IS IF THE REPORTED IF REPORTED IS

IS AN ORGANIC PKWT, PKWTT, TASK IS DIRECTOR OR AN BOARD OF
EMPLOYEE FORCE, OUTSOURCED COMMISSIONER COMMISSIONERS’
SUPPORTING ORGAN
• Carry out inspections • Carry out inspections • Carry out
and decide sanctions according to the investigation and • Carry out
according to provisions decide sanctions in investigation and
provisions • If the reported party accordance with the decide sanctions in
• Submit the audit is PKWT, PKWTT, Task provisions accordance with the
report to the Director Force: processed provisions
of Personnel and according to contract
General to be • If the reported party
forwarded to the is Outsourced: it is
President Director forwarded to the
Service Provider
Company

Complaint Handling Outcomes

In 2019, PT Angkasa Pura I (Persero) did not receive any new complaints through the WBS. Further, there
were no complaints under process carried out from the previous year.
Complaints through WBS of PT Angkasa Pura I (Persero) 2017-2019
Number of complaints from last year, per January 31 0 0 0
Incoming complaints in the financial year 0 0 0
Complaints processed throughout the year: 0 0 0

• Complaints processed and completed, per December 31
• Complaints not yet processed, per December 31
Number of complaints continued in the following year 0 0 0

Implementation of Good Corporate

Governance Principles According
To Financial Services Authority
Guidelines
PT Angkasa Pura I (Persero) has implemented 8 (eight) principles of corporate management in accordance
with the Guidelines on Governance of Limited Liability Companies by the Financial Services Authority
(OJK), as follows:
Principle Recommendation Implementation Status
Principle 1
To increase value 1. Method or procedure for voting PT Angkasa Pura I (Persero) has a Comply
in Organizing the technicalities, either open or closed, technical procedure for collecting votes as
General Meeting should prioritize independence and the stated in the rules of the General Meeting
of Shareholders interests of shareholders. of Shareholders.
(GMS).
2. Members of the Board of Directors and All members of the Board of Directors and Comply
Board of Commissioners should attend Board of Commissioners attended the
the Annual GMS. GMS.
3. Summaries of GMS minutes are PT Angkasa Pura I (Persero) has uploaded Comply
available on the official website for at the Summary of GMS Minutes on the
least one year. Company website at https://ap1.co.id/id/
hubungan-investor/rups.
Principle 2
To improve the 1. To have a communications policy PT Angkasa Pura I (Persero) has a Comply
Communications as a Limited Liability Company with communications policy for Investors
Quality of Limited shareholders or investors. through investor gathering and site visit
Liability Company activities.
with Shareholders
or Investors. 2. To disclose the communications policy The official website of PT Angkasa Pura Comply
at the Company website. I (Persero) contains information that
aims to increase participation and the
role of shareholders in establishing good
communications.
Principle 3
To strengthen 1. Determination of membership of the Based on Law No. 19 of 2003 Comply

the Membership Board of Commissioners is with due concerning SOEs and SOE Minister
and Composition consideration of company conditions. Regulation No. PER-01/MBU/2011
of the Board of concerning Composition of the Board
Commissioners. of Commissioners, PT Angkasa Pura I
(Persero) must allow effective, precise and
fast decision making and to be able to act
independently.
2. Determination of the composition Based on Shareholder policy, the Board Comply

of members of the Board of of Commissioners has been chosen with
Commissioners takes into account the due regard to the diversity of expertise,
diversity of expertise, knowledge and knowledge, experience and conditions,
experiences required. and the business complexity of PT

Principle 4
To improve 1. The Board of Commissioners has PT Angkasa Pura I (Persero) has a policy Comply
the Quality an appraisal policy to assess its own of evaluating the performance of the
of Duties and performance. Board of Commissioners, which serves
Responsibilities as a guideline for evaluating company
Performed by performance. The performance evaluation
the Board of of the Board of Commissioners can be
Commissioners. seen in this annual report.
2. The self-assessment policy should be The performance evaluation policy of the Comply
detailed in the Annual Report. Board of Commissioners of PT Angkasa
Pura I (Persero) is published in the Annual
Report and the company website.
3. The Board of Commissioners must The rationale and procedures for Comply
have a resignation policy in case of removing members of the Board of
involvement in financial crimes. Commissioners of PT Angkasa Pura I
(Persero) are based on SOE Minister
Regulation No. PER-02/MBU/02/2015
concerning Requirements and
Procedures for Appointment and
Dismissal of Members of the Board of
Commissioners and the Supervisory
Board of SOEs. Based on these
regulations, members of the Board of
Commissioners may be dismissed at
any time if the concerned are involved in
actions detrimental to the SOE and/or the
state and/ or are found guilty based on a
judicial verdict having permanent legal
force.
4. The Board of Commissioners or KNR The Board of Commissioners of PT Comply

should formulate a succession policy in Angkasa Pura I (Persero) has prepared
the Nomination Process for members of a policy related to nomination and
the Board of Directors. remuneration.
Principle 5
To strengthen the 1. Determination of membership of the The determination of the number of Comply
Membership and Board of Directors should consider Company Directors is with reference to
Composition of the the condition of the company and its applicable legislation which based on
Board of Directors. effectiveness in decision-making. Article 2 paragraph (1) and paragraph (2)
of OJK Regulation No. 33/POJK.04/2014
concerning Board of Directors and Board
of Commissioners of Issuers or Public
Companies, consisting of at least 2 (two)
members of the Board of Directors, of
whom one among them is appointed as
President Director.
2. Determination of the composition of PT Angkasa Pura I (Persero) has paid Comply

members of the Board of Directors attention to the diversity of expertise,
takes into account the diversity of knowledge, and experience of the
expertise, knowledge and experiences composition of Board of Directors
required. in accordance with the provisions in
SOE Minister Regulation No. PER-01/
MBU/2012 concerning Requirements
and Procedures for Appointment and
Dismissal of Members of the Board of
Directors of Indonesian State-owned
Enterprises.

To strengthen the 3. Members of the Board of Directors The director in charge of accounting or Comply
Membership and who are in charge of accounting or finance in the Company is the Director
Composition of the finance should have expertise and/ or of Finance who has sufficient knowledge
Board of Directors. knowledge in accounting. and experience in accounting and finance
as can be seen in the curriculum vitae
of the director in the Profile of Board of
Directors section.
Principle 6
To improve the 1. The Board of Directors must have The Board of Directors has a Self- Comply
Implementation an appraisal policy to assess its own Assessment policy listed in the
of the Duties and performance. Performance Appraisal section of the
Responsibilities of Board of Commissioners and Board of
Board of Directors. Directors.
2. The self-assessment policy should be The results of the Board of Directors Comply
disclosed in the Annual Report. Self-Assessment are disclosed in the
Company Annual Report in the Corporate
Governance section.
3. The Board of Directors should have a Based on the Articles of Association Comply
policy of resignation when involved in of PT Angkasa Pura I (Persero) jo. OJK
financial crimes. Regulation No. 33/POJK.04/2014, every
member of the Board of Directors who
does not meet the requirements to
become a Director as stated in the Articles
of Association and OJK Regulation,
including those not involved in financial
crimes, the concerned person’s position as
Director will be null and void.
In the event of resignation of a member of

the Board of Directors, a resolution will be
made through the GMS.
Principle 7
To Improve 1. To have a policy to prevent Insider The shares of PT Angkasa Pura I (Persero) Comply
Corporate Trading. are wholly owned by the Government of
Governance the Republic of Indonesia. PT Angkasa
Through Pura I (Persero) has not issued shares and
Stakeholder so is not a Limited Company, and there is
Participation. no potential for insider trading.
2. To have an Anti-Corruption and Anti- In order to implement the principles Comply

Fraud Policy. of Good Corporate Governance, PT
Angkasa Pura I (Persero) has several anti-
corruption and anti-fraud policies such
as Code of Conduct, monitoring of State
Officials’ assets (LHKPN), anti-corruption
program, and Whistleblowing System.

Principle 7
To Improve 3. Has a Policy on Selection and One of the principles in the Procurement Comply
Corporate Enhancing the Capability of Suppliers of Goods/Services at PT Angkasa Pura
Governance and Vendors. I (Persero) is transparency, so that all
Through provisions and information, including
Stakeholder administrative, technical, and price
Participation. requirements, procedures for evaluation,
as well as procedures for determining
the winner of Procurement is open for
all interested providers. An example can
be seen on the company’s electronic
procurement website, https://eproc.
angkasapura1.co.id, where all vendors
can see auction announcements in
the auction info column. In addition,
vendors who are qualified and classified
in accordance with the work required is
registered in the Vendor Management
System (VMS), and is automatically to
participate in open tenders. As a result, PT
Angkasa Pura I (Persero) can obtain the
goods/ services needed at competitive
prices and good quality.
4. To have a policy to fulfill the rights of In order to fulfill funding requirements, Comply
creditors. PT Angkasa Pura I (Persero) has borrowed
from banks and the public through the
issuance of Bond I and Sukuk Ijarah I in
2016. The obligations arising from these
loans have been fulfilled through timely
payment of principal and interest on
loans.
5. To have a policy on whistleblowing PT Angkasa Pura I (Persero) has a Comply

system. Whistleblowing System that serves as
a means of preventing and divulging
violations or fraud in the Company
as outlined in the PT Angkasa Pura I
(Persero) Board of Directors Decree No.
KEP.192/PG.01/2016 concerning Guidelines
for the Whistleblowing System. The
Whistleblowing System can be accessed
through the website, thus making it
easier for employees and stakeholders in
reporting suspected violations.
6. To have a policy for providing long-term PT Angkasa Pura I (Persero) has a Comply
incentives for Board of Directors and remuneration policy based on the
Employees. Regulation of the Minister of State-Owned
Enterprises.

Principle 8
To Enhance 1. To make greater use of information PT Angkasa Pura I (Persero) is active in Comply
Information technology in addition to the website as various social media as a platform for
Disclosure. a medium for information disclosure. information disclosure and product
promotion. In addition, the company uses
mailing lists for information disclosure
and communications to investors.
2. The Limited Liability Company Annual PT Angkasa Pura I (Persero) currently has Comply
Report should disclose the beneficiaries not issued shares, thus the company’s
of the Company’s share ownership, of Annual Report does not disclose
at least 5% other than the Major and information regarding such shareholders.
Controlling Shareholders.

Corporate
Social
and
Environmental
Responsibility

as one of the State-Owned
Enterprises (SOEs) is involved
in empowering and
developing the economic,
social community and the
surrounding environment
through the Partnership and
Community Development
Program (PKBL) and other
activities related to fair
operations, employment,
human rights, and the
environment to provide
added value to stakeholders.

Governance
of Corporate Social Responsibility
In addition to implementing good corporate The Corporate Social Responsibility (CSR) unit
governance (GCG) practices, PT Angkasa Pura manages the company’s social and environmental
I (Persero) as a business entity also carries out f responsibility activities, and is responsible to the
its social and environmental responsibility. This President Director and the Director of Commercial
is carried out in accordance with Law No. 40 of and Business Development. However, all levels of
2007 concerning Limited Liability Companies and the organization are involved in implementing
Government Regulation No. 47 of 2012 concerning social responsibility aspects in accordance with
Social and Environmental Responsibility. In their respective fields and operational activities.
practice, PT Angkasa Pura I (Persero) conducts
its social and environmental responsibility
strategically with due regard to relevant issues and
stakeholders.
Commitment to Social Responsibility
PT Angkasa Pura I (Persero) is commited to its • Decree of the Board of Directors No. KEP.121/
social responsibility as outlined in various policies KP.30/2004 dated 9 December 2004
related to social and environmental aspects, which concerning Official Facilities, Official Travel,
include the following: and Health Care for Employees of PT Angkasa
• Decree of the Board of Directors of PT Angkasa Pura I (Persero).
Pura I (Persero) No. KEP.32/M.01.01/2015 • Decree of the Board of Directors No. KEP.08/
dated 24 March 2015 concerning Guidelines KP.10.43/2018 dated 24 January 2018
for Implementing the Environmental concerning Manual on Occupational Safety
Management System at PT Angkasa Pura I and Health Management System of PT
(Persero) Airports. Angkasa Pura I (Persero).
• Instruction of the Board of Directors No. • Decree of the Board of Directors of PT Angkasa
INST.DU.04/HK.01.02/2018 dated 15 January Pura I (Persero) No. KEP.103/KU.13/2017
2018 concerning Measures for Reducing dated 7 August 2017 concerning Guidelines
Greenhouse Gas (GHG) Emissions at PT for Implementing the Partnership and
Angkasa Pura I (Persero) Airports. Community Development Program of PT
• Instruction of the Board of Directors No. Angkasa Pura I (Persero).
INST.DU.18/HK.01.02/2018 dated 10 April 2018 • Decree of the Board of Directors of PT Angkasa
concerning Management of Waste and Pura I (Persero) No. KEP.239/KU.12/2017 dated
Chemical Substances/Hazardous and Toxic 20 December 2017 concerning Amendment to
Waste (B3) at PT Angkasa Pura I (Persero) Decree of the Board of Directors of PT Angkasa
Airports. Pura I (Persero) No. KEP.103/KU.12/2017
• Decree of the Board of Directors of PT Angkasa concerning Guidelines for PT Angkasa Pura
Pura I (Persero) No. KEP.238/KU.13/2018 dated I (Persero) Partnership and Community
20 December 2018 concerning Guidelines for Development Program.
Corporate Social Responsibility (CSR) within PT

Methods and Scope of Due Diligence on Social, Economic, and

Environmental Impacts of Company Activities
The corporate social and environmental business operations. During the research process,
responsibility activities are performed to deliver the company adopts a participatory approach in
positive impacts and reduce the adverse effects which all stakeholders are involved in the hearing
of the Company’s activities to stakeholders. In stage through a focus group discussion. In this
addition, such activities are oriented towards process, problems are identified and solutions are
economic, social and environmental aspects delivered through the program.
which also support the Company’s business
sustainability. PT Angkasa Pura I (Persero) seeks to In this initial research process, the company also
assess the impact of its social and environmental reviews the prevailing regulations and social norms
responsibility through the following activities: to be the basis and main guide in developing
• Employee engagement survey; corporate social responsibility programs. These
• Customer satisfaction survey; and regulations cover airport operations, environmental
• Focus group discussion (FGD) management, land rights, labor rights, gender
equality, as well as local cultural norms.
Formulation of the Corporate Social Responsibility
Program begins with a research conducted
by the CSR Unit so that the resulting program
is relevant and well targeted, and includes all
stakeholders related to airport management
Stakeholders Affected or Impacted by the Company’s Activities
In performing its corporate social and has dependency upon individual or an

environmental responsibility, PT Angkasa Pura I organization, or vice versa.
(Persero) seeks to build harmonious relationships 2. Responsibility
with stakeholders. For this reason, stakeholders are the stakeholders are identified if the Company
engaged in business decision-making processes has responsibility of legal, commercial, or
in accordance with their respective interests ethics towards individual or an organization.
and competencies. Stakeholder engagement is 3. Tension
carried out in accordance with the outcomes of the stakeholders are identified if individual or
stakeholder mapping and important topics of an organization needs the Company attention
concern to each stakeholder. relating to particular economic, social, or
environment issue.
PT Angkasa Pura I (Persero) has identified its 4. Influence
stakeholders based on AA1000 Stakeholder the stakeholders are identified if individual or
Engagement Standard version 2015 as follows: an organization has influence to the Company
1. Dependency or strategy or other stakeholders policy.
the stakeholders are identified if the Company

5. Diverse Perspective 6. Proximity

the stakeholders are identified if individual the stakeholders are identified if individual
or an organization has different perspective or an organization has a geographical and
which may influence situation and encourage operational proximity to the Company.
an unexistent action before to happen.
Based on the above approach, PT Angkasa Pura I (Persero) has mapped its interests and stakeholders as
follows.
Customer
Identification Basis Involvement Method Frequency Emerged Topic/ Issue

Dependency, • Website and frontline • As needed, available • Information on various
Responsibility, Tension, information every day products and services
Influence, Proximity • Direct visit • As needed, can be • Complaint service and
carried out at any time solution
with planning • Satisfaction over
• Call center service • Once a year services received
• Customer satisfaction • Once a year
survey
Shareholders / Government

Dependency, Performance report Every quarter • Financial performance
Responsibility, GMS • AGM on Company Work • Non-financial
Influence, Proximity Plan & Budget performance
• AGM on Fiscal Year • Year-round
Performance Evaluation performance on
and Determining governance, financial,
Financial Performance non-financial
• Extraordinary AGM performance and
others
Regulator

Dependency, • Hearing As needed, at least once a • Arrangement of
Responsibility, Tension, • Coordination meeting year business permit and
Influence, Diverse regulation
Perspective, Proximity • Coordination relating
to airport governance,
etc.

Financial Services Authority (OJK)

Dependency, Compliance reporting and Any time, at least once a Information about
Responsibility, Tension, notification to Financial year through Annual Report compliance with applicable
Influence, Diverse Service Authority (OJK) laws and regulations.
Perspective, Proximity
Creditor
Identification Basis Involvement Method Emerged Topic/ Issue

Dependency, • Letter of Credit • Dissemination of policies and strategies relating to
Responsibility, Tension, • Credit Agreement employment.
Influence, Diverse • Equality of employment opportunity and career path
Perspective, Proximity Frequency • Career development, training, etc.
As needed, at least once a • Health and safety insurance
year through Annual Report
Partner
Identification Basis Involvement Method Emerged Topic/ Issue

Depedency, Employment contract • Objective procurement process
Responsibility, Tension, • Mutually beneficial, transparent and fair cooperation
Proximity Frequency • Working scope explanation
As needed, at least once a • Provision on working fee billing
year
Community
Identification Basis Involvement Method Frequency

Dependency, • Strategic cooperation As needed, can be carried out at any time, at least once a
Responsibility, Tension, to perform CSR year
Influence, Diverse programs, both in the
Perspective, Proximity economic, social and Emerged Topic/ Issue
environmental spheres • Dissemination and implementation of PKBL/CSR
• Meeting with program
community • Optimizing the achievement of PKBL/ CSR program
organization, social • Information on company activities
organization, local
community, and on
campus

Media
Identification Basis Metode Pelibatan Emerged Topic/ Issue

Tension, Influence, • Press release • Non-financial performance
Diverse Perspective • Press conference • Performance and impact of social and environmental
• Media gathering activities
• Visit to media office • Information on company activities
• Latest information on businesses and products that
need to be known by the public
Frequency
As needed, can be carried
out at any time, at least
once a year
Important Social, Economic, and Environmental Issues related

to the Impact of Company Activities
PT Angkasa Pura I (Persero) conducts materiality various divisions, customers, suppliers/partners,

tests on social, economic and environmental mass media, and others. In 2019, the surveys and
aspects that are of particular concern to internal FGD conducted on 23 October 23 2019 revealed
and external stakeholders. These tests are carried various material topics that were of concern to
out annually through surveys and FGDs attended stakeholders, namely:
by, among others, Company employees from the
Economic Performance Environmental Social Performance

1. Economic Performance Performance 1. Employment
2. Market Existence 1. Energy 2. Working environment
3. Governance 2. Water 3. Local communities
4. Operational Performance 3. Emission 4. Customer Health and Safety
4. Waste 5. Marketing and Labeling
5. Sound quality 6. Social Economic Compliance
The results of identified material topics were involve stakeholders in formulating social and
used as the basis for determining the Company environmental responsibility activities that were
strategy and work program in dealing with appropriate to their needs and were in accordance
social, economic and environmental issues in the with the Company’s business sustainability.
future. In addition, this endeavor also represents
PT Angkasa Pura I (Persero)’s commitment to

Social and Environmental Performance as Obligations and

Exceeding Obligations
PT Angkasa Pura I (Persero) has complied with also exceeding obligations that are relevant to the
legal obligations by carrying out social and company’s business.
environmental responsibility in accordance with
national regulations and international norms The social and environmental programs conducted
of behavior. However, the company’s social and by PT Angkasa Pura I (Persero) throughout 2019
environmental responsibility programs are not are presented as follows:
limited to fulfilling regulatory obligations, but
Social and Environmental Programs Conducted by PT Angkasa Pura I (Persero) in 2019
Obligatory Social and Environmental Responsibility Activities
Subject Activity/ Program Regulatory Basis
Environment • Obtaining an Environmental Permit from • Law No. 32 of 2009 concerning

EIA study on the construction of New Environmental Protection and
Airport and Airport Development Management
• Monitoring and Reporting of Airport and • Government Regulation Number 27 of 2012
Head Office Environment concerning Environmental Permits;
• Decree of the Minister of Environmental
Affairs No. 45 of 2005 concerning
Guidelines for Formulation of Reports
on the Realization of Environmental
Management Plan (RKL) and
Environmental Monitoring Plan (RPL).
Occupational • Implementation of Occupational Safety • Law No. 1 of 1970 concerning Work Safety
Safety and Health Management System (SMK3) • Government Regulation No 50 of
166 Criteria in 13 PT Angkasa Pura I 2012 concerning the Implementation
(Persero) airport branches of Occupational Safety and Health
• Implementation of supervision and Management Systems
measurement of work safety performance
in all airports of PT Angkasa Pura I (Persero)
• K3 guidance through safety briefing,
socialization and K3 training programs.
Airport Safety • Implementation of Safety Management • Law Number 1 of 2009 concerning Aviation
System in all airports of PT Angkasa Pura I • Regulation of the Minister of
(Persero) Transportation of the Republic of Indonesia
• Establishment of Safety Targets and Safety Number PM 62 of 2017 concerning
Performance Indicators in all airports of PT Civil Aviation Safety Regulations Part 19
Angkasa Pura I (Persero) concerning Safety Management System
• Implementation of supervision
and measurement of airport safety
performance in all airports of PT Angkasa
Pura I (Persero)

Social and Environmental Responsibility Activities Exceeding Obligations
Issues Activities/Program
Environment Nature Conservation

A habitat study has been carried out as a form of PT Angkasa Pura I (Persero) responsibility for the
environment. The results were used to mitigate the impact of flight operations by collaborating and
socializing with relevant local governments to provide habitats outside the airport area, especially for
endemic or protected plants and animals. One example was by utilizing the nearest urban forest and
empowering communities and NGOs in Banjarmasin and Surabaya.
Health Mobile Health Services

Mobile health service is a program of PT Angkasa Pura I (Persero) to improve the health of pregnant
and lactating women, also children, including infants and toddlers. This program was carried out at the
branch office and included health counselling activities, free medication, and supplementary feeding.
Education Airport Education Scholarship Program

PT Angkasa Pura I (Persero) provided full scholarships to 30 selected students to undergo Diploma III
education with a concentration in airport education. The participants were high school and vocational
high school students who were recommended by their respective schools through the local Education
Department.
Fair Operating Practices

Commitment and Policy
PT Angkasa Pura I (Persero) has a Code of Furthermore, in practice, the Corporate Code of
Conduct that forms the basis for the Company’s Conduct regulates the following behaviors:
commitments and policies in carrying out business a. In relationship among the Company and
activities ethically and under fair operating employees, external workers, and industries,
practices. The Code includes aspects, such as PT Angkasa Pura I (Persero) strives to always
anti-corruption, fair competition, compliance with maintain the dedication and loyalty of human
laws and regulations, and rules on involvement in resources as an important asset. The Company
political activities. continuously supports the development
of quality human resources to ensure the
availability of competencies, skills, and
excellence in accordance with the Company’s
vision, mission and long-term programs.
b. In relationship between the Company and
service users, PT Angkasa Pura I (Persero)
applies the principle of open competition,
integrity, transparency, fairness and
accountability to create mutually beneficial
relationships.
c. In relationship beteen the Company and the
Government, PT Angkasa Pura I (Persero)
always complies with applicable laws and
regulations.
d. In relationship between the Company and
business partners, PT Angkasa Pura I (Persero)
continually respects the rights of business and
strategic partners, in addition to demanding
the fulfillment of their obligations.

Scope and Implementation of Fair Operating Practices

The scope and implementation of fair operating 4. Avoidance of unlawful behavior, especially
practices within PT Angkasa Pura I (Persero) cover political influence (responsible political
the following aspects: involvement).
1. Support towards anti-corruption measures In conducting its business, PT Angkasa Pura
through: I (Persero) complies with existing rules and
a. Establishment of gratification and anti- regulations so as to avoid violating the law.
corruption policies; A form of this commitment is in accordance
b. Dissemination and implementation of with the guidance of Circular Letter of the
good corporate governance, code of Ministry of State-Owned Enterprise No. SE-07/
conduct, gratification and anti-corruption MBU/20/2015 concerning Provisions on the
policies; Nomination of SOE Officials and Employees
c. Gratification reporting mechanism as Regional Head Candidates and Prohibition
channel and submission of Report of State of Using SOE Resources in Practical Political
Official Assets (LHKPN); Activities in Election of Regional Head
d. Active role in activities that promote an (Pilkada). In addition, this commitment is also
anti-corruption culture. specified in the code of conduct related to
political activities.
2. Fair Competition.
PT Angkasa Pura I (Persero) is committed to In adherence to applicable laws and
adopting clean business practices and prevent regulations, the Company’s policy regulates
fraud by making fair business competition as the following matters:
its culture and business ethic that must be a. PT Angkasa Pura I (Persero) will not allow
developed and implemented in maintaining a anyone to force another person in a way
conducive business environment, as regulated that can limit the individual’s right to
in Law No. 5 of 1999 concerning Prohibition of channel his political aspirations.
Monopolistic Practices and Unfair Business b. PT Angkasa Pura I (Persero) will not
Competition. provide funds, assets, or facilities for use by
political parties or one or more legislative
3. Respect for Intellectual Property Rights. candidates unless provided to be justified
PT Angkasa Pura I (Persero) is also committed by law and carried out in accordance with
to respecting the outcomes of either of applicable laws and regulations.
creative thoughts and ideas that are registered c. PT Angkasa Pura I (Persero) is prohibited
as intellectual property rights (IPR), such as to discriminate between employees.
patents, copyrights, and others, either those d. PT Angkasa Pura I (Persero) employees
owned by the employees or stakeholders. are prohibited from carrying, displaying,
installing, and distributing political party
In addition, the Company also encourages symbols, images and ornaments within
other parties to actively participate in the Company.
protecting the company’s intellectual property e. PT Angkasa Pura I (Persero) personnels
rights. Every person who works at PT Angkasa who are active in political parties and/or
Pura I (Persero) must maintain confidentiality are legislative candidates from political
of information related to process and products parties in elections must resign from the
of the company, either while working at the company.
company or after leaving the organization. PT
Angkasa Pura I (Persero) provides incentives to
individuals who contribute to inventions that
bring economic benefits for the Company.

Activity Plan
PT Angkasa Pura I (Persero) always maintains policy, management also wishes to hear on the
harmonious working relationships with internal aspirations of employees, either at the Head Office
and external stakeholders to receive support or branch offices through video conference. In
in promoting the implementation of equitable addition, other communication channels can be
operational management activities. The used to maintain trust and mutual respect
Company’s fair operating activities focus on work
and business activities that create harmonious, To maintain harmonious working relationship
respectful, responsible and mutually trusting work with partners, the company has a series of tools,
relationships between Company personnels and such as airline gathering for airline partners,
stakeholders to support the achievement to its tenant gathering for tenant partners at airports
objectives. managed by the Company, and coffee morning
with all partners at the airports to have a common
This focus is realized through various activities understanding on the current developments, with
that facilitate communication with various the objective of addressing potential problems so
stakeholders, both internal and external to the that they can be handled fairly.
company. Internally, as a form of a two-way
communication forum between management
and employees, CEO Talks event was conducted
in addition to conveying the company’s strategic
Impact of Implementation of Fair Operating Practices

The implementation of fair operating practices in the development of positive values or culture
the Company can create a conducive atmosphere that can improve the reputation and image of PT
and improve the work ethic within the Company. Angkasa Pura I (Persero).
In addition, fair operating practices can encourage
improvements in business management through
Achievements and Awards

In 2019, PT Angkasa Pura I (Persero)’s endeavor to conduct fair operating practices was awarded the “Best SOE
Governance” award at the SOE Awards 2019 event organised by BUMN Track Magazine.

Upholding Human Rights

PT Angkasa Pura I (Persero) is a business entity (CLA) document that has been mutually agreed
that respects the principles of upholding human between the Labor Union and PT Angkasa Pura I
rights in Indonesia in accordance with applicable (Persero).
laws and regulations. The implementation of
corporate social responsibility activities related to Another form of commitment to uphold human
Human Rights (HAM) has consistently adhered to rights was in relocating residents affected by the
applicable provisions. In this regard, the company construction of Yogyakarta International Airport
is committed to follow the standard on social (YIA). By paying attention to the human rights
responsibility, namely ISO 26000. aspect, the Company relocated the community in
an appropriate manner such that no significant
One significant effort to uphold human rights disturbance was noted from the resettled
at PT Angkasa Pura I (Persero) is related to basic residents.
rights in the work environment. This commitment
is reflected in the Collective Labor Agreement
Activity Plan
The Company takes into account the impact of The Company’s social and environmental
the organization’s operational activities on human responsibilities activities in human rights aspect
rights (due diligence). Protection of human rights in 2019 involved training for residents affected by
is an inseparable part of the company’s business airport construction, namely English language
and operations both in its interaction with training, security training, and entrepreneurship
stakeholders and employees within the Company training at Yogyakarta International Airport and
area, and interaction with the community in mechanical training around Jenderal Ahmad Yani
the Company’s working areas. Stakeholder Airport in Semarang.
involvement in preparing activity plans on human
right is important to ensure that the activities
are on target and have a positive impact on
stakeholders and the Company.
Formulation on Human Rights

One effort to formulate human right aspects is obligations, labor union facilities, working hours,
by holding a dialogue between the Company work environment, remuneration and other social
and employees. Through the Collective Labor benefits, equality and non-discrimination, and
Agreement and based on good industrial relations, resolution of bipartite and tripartite complaints.
PT Angkasa Pura I (Persero) has identified various
human rights aspects, particularly those related to PT Angkasa Pura I (Persero) does not discriminate
basic rights at work. These include guaranteeing in the recruitment process by determining
employment relations, workers’ rights and specific criteria that differentiate between

different ethnicities, races, religions and physical Employees of different ethnic groups, races,
conditions. All prospective employees have the religions, gender and physical condition are part of
same opportunity for employment. the Company’s strengths and are the foundation
for its commitment to fairness, anti-discrimination
and upholding the rights of individuals on a
sustainable basis.
Scope and Implementation

In implementing corporate social responsibility, 2. Working Hours, Overtime Pay and Leave
PT Angkasa Pura I (Persero) always prioritizes PT Angkasa Pura I (Persero) respects the
approach, interaction, communication and following provisions on working hours and
community involvement that is performed without overtime pay as stipulated in the company’s
intimidation, full of respect and understanding of regulations:
the local culture and community rights based on o Working day of PT Angkasa Pura I (Persero)
the principle of mutual benefit. is 5 (five) days a week.
o Working hours of PT Angkasa Pura I
The Company also highly respects the civil and (Persero) are:
political rights of each individual and community - Monday to Thursday: 08:00 to 16:30
group that receives benefits from the social local time
responsibility programs in the company’s area of - Friday: 08:00 to 15:30 local time
operations. - Break times are set internally in each
work unit.
1. Freedom of Association o In general, variations in the number of
PT Angkasa Pura I fully guarantees the right working days and working hours can be
of association in accordance with applicable made possible, especially for employees
laws and regulations. This is reflected in the working on operational activities in the
existence 2 labor union organizations, namely field and are set as shift work hours.
Serikat Pekerja Angkasa Pura I (SP/Angkasa o The number of shift work hours for
Pura I Labor Union) and Asosiasi Karyawan employees must not exceed 40 (forty)
Angkasa Pura I (AKA/Employee Association hours a week, the remaining hours shall
of Angkasa Pura I) to represent employees in be deemed overtime hours.
carrying out coordination, consultation and o Employees who work overtime are
negotiations with the Company related to entitled to payment for excess work hours.
work relations. On the other hand, the Labor
Union must comply with the provisions of the In addition to the Company’s appreciation for
employment relationship and support the working hours and overtime pay, employees
Company’s work programs in accordance with have the right to paid leave in accordance
GCG principles and the Code of Conduct. with the applicable employee agreement. The
provisions on employee leave are as follows:
PT Angkasa Pura I (Persero) provides support o Employees who have worked for at least
to the Labor Union in the form of non-binding 1 (one) year continuously are entitled to
assistance and a secretariat room along with annual leave for 12 (twelve) working days.
other amenities and facilities. The Labor Union o Employees who have worked for at least 6
may also submit requests for assistance to the (six) years or its multiples continuously are
Company management to support its annual entitled to an extended leave of 3 (three)
work programs. calendar months with the approval of
their superiors.

o Employees who are sick for more than 3. Relocation of Affected Community
2 (two) working days up to 14 (fourteen) During 2019, PT Angkasa Pura I (Persero)
working days are entitled to sick leave, conducted construction and expansion at
provided that the employee must notify two airports, namely Yogyakarta International
the superior directly by attaching a Airport and Syamsudin Noor Airport
doctor’s certificate. Banjarmasin. This construction affected
o Female employees are entitled to the community around the area. Thus, the
maternity leave for 3 (three) calendar Company relocated and compensated
months, whose realization is left to the the affected community. The resettlement
concerned person by attaching a doctor’s process from the construction project site
certificate. of Yogyakarta International Airport has
o Female employees who experience a been carried out since 2018. The affected
miscarriage are entitled to rest leave for 45 communities are located in the Yogyakarta
(forty five) calendar days by submitting a International Airport construction project area
doctor’s certificate stating the concerned in Temon Subdistrict, Kulon Progo, Yogyakarta
employee has suffered a miscarriage. and the Banjarmasin Syamsudin Noor Airport
o Leave for important reasons, including: Development Project in Syamsudin Noor
- Marriage. Urban Village and Guntung Payung Urban
- Wife/husband, child/son-in-law, or Village, Banjarmasin.
parents/in-laws are critically ill or
hospitalized.
- Wife/husband, child/son-in-law, or
parents/in-laws or siblings have
passed away.
- Wife of employee has given birth.
- Experienced accident/ natural
disaster.
- Religious worship trips.
Impact of Activity
Implementation of the Company’s CSR on human In accordance with the laws and regulations of
rights in 2019 had positive impacts on several the Republic of Indonesia, PT Angkasa Pura I
aspects. One of them is the success of PT Angkasa (Persero) compensated the community for the
Pura I (Persero) in reducing employee turnover by acquisition of land used for airport construction.
2.79%, lower than in 2018 of 5.29%. . The relocation at Yogyakarta International Airport
involves the Regional Leaders Communication
In general, respect for human rights had a positive Forum (FORKOMPIMDA) which includes the Kulon
impact on PT Angkasa Pura I (Persero) and Progo Regional Government, TNI, Police, and other
stakeholders in aspects of the potential risks that parties. Meanwhile, the relocation of residents
could have arisen from human rights violations. from the the Syamsudin Noor Airport construction
These risks included human rights incidents that project site to a nearby village involves regional
have resulted in a deterioration in the Company’s agencies namely the provincial government and
image, a decline in stakeholder confidence, a court the municipal government.
sentence, and poor business continuity.

From the construction of Yogyakarta International was Rp4.1 trillion. Meanwhile, from the construction
Airport, 2,700 families have been relocated and of Syamsudin Noor Airport in Banjarmasin around
received soft skills and financial education training. 832 families have been relocated.
The total cost of relocation and training during 2019
Environment
PT Angkasa Pura I (Persero) has always paid stipulated in the Decree of the Board of Directors
special attention to environmental aspects and No. KEP.32/OM.01.01/2015 dated 24 March 2015
has made it as the main pillars in the Company’s concerning Guidelines for Implementation of the
CSR activities. The practices of corporate social Airport Environmental Management System at PT
and environmental responsibility, especially in the Angkasa Pura I (Persero). This commitment is also
environmental sector is regulated in the Decree reflected in other policies, namely the Instruction
of the Board of Directors No. KEP.103/KU.13/2017 of the Board of Directors No. INST.DU.04/
dated 7 August 2017 concerning Guidelines for HK.01.02/2018 dated 15 January 2018 concerning
Implementing the Partnership and Community Measures in Reducing Greenhouse Gas (GHG)
Development Program of PT Angkasa Pura I Emissions at PT Angkasa Pura I Airport (Persero)
(Persero). The company is committed to playing an and No. INST.DU.18/HK.01.02/2018 dated 10 April
active role in efforts to develop green spaces and 2018 concerning Management of Hazardous, Toxic
construct environmentally friendly airports. and Chemical Waste (B3) at PT Angkasa Pura I
Airport (Persero). The company is committed to
In addition to CSR programs on environment, adhering to all laws and regulations related to the
PT Angkasa Pura I (Persero) always considers environment.
environmental aspects in airport management, as
Environmental Impacts and Risks related to Company Business

Several environmental issues are relevant to direct or PT Angkasa Pura I (Persero) is aware that these
indirect impacts of airport operations as part of the issues, if not handled properly, can trigger potential
business of PT Angkasa Pura I (Persero). A common risks in relation to the community, especially those
impact on the environment is noise pollution from living around airports. For this reason, PT Angkasa
airport activities. In addition, the risk of air pollution Pura I (Persero) has a policy related to environmental
is the most difficult impact to avoid due to the management that regulates mitigation,
development and operation of airport. Moreover, management and monitoring of environmental
airport development and operations require impacts starting from making AMDAL documents,
extensive land and have the potential to generate managing environmental permits, asking for
environmental, economic and development risks for opinions on community responses regarding
the surrounding community. airport development and regularly monitoring and
managing existing environmental impacts with
appropriate environmental programs.

Activity Plan
PT Angkasa Pura I (Persero) is committed to The Company’s social and environmental
making the environment around airports to be responsibility programs in the environmental
more environmentally friendly by implementing sector are not only carried out in the internal
several energy efficiency programs in airport area of the Company, but also through nature
operational activities. The Company has preservation around business areas and other
introduced the concept of an eco-friendly airport buffer zones. In 2019, external activities on the
through the new terminal of Jenderal Ahmad environment were focused on mangrove trees
Yani Airport, Semarang. This was followed by full plantation and coral reefs transplantation in Bali
implementation of ISO 14001:2015 standard relating and Lombok. The programs were planned and
to the environment at I Gusti Ngurah Rai Airport- implemented based on the results of discussions,
Bali and Sultan Hassanudin Airport-Makassar. consideration of suggestions, and the needs of
In addition, the Company has incorporated relevant stakeholders.
environmental strategies into CSR programs such
as tree planting, coral transplantation, community
training, and others.
Implementation of Activities
The realization of PT Angkasa Pura I (Persero)’s policy on nature conservation and management efforts in
2019 is as follows:
Target and Achievement of the Environmental Work Program in 2019
Strategic Objectives Realization
In 2019 several trainings were conducted for employees of PT Angkasa Pura I (Persero)
including the Airport Carbon Management Plan from the Airport Council Indonesia,
Greenship Professional, Fundamentals of Environmental Impact Analysis, Technical
Guidance on Environmental Reporting System (ERS), Technical Guidance on B3 Waste
Management, etc.
Increased Worker
Competence in the Airport
Environment Sector
PT Angkasa Pura I (Persero) annually submit sustainability report and has

environmental policies that regulate environmental management namely pollution
prevention, energy efficiency, GHG reduction, biodiversity and ecosystem protection,
adaptation to climate change and planning, development and operations that refer
to sustainable development principles, such as the use of local products, reducing
the use of single use plastics, and meeting the requirements of green open spaces. In
Nature Conservation and planning, PT Angkasa Pura I (Persero) also conducted a disaster and climatology study
Promotion of Sustainable in collaboration with BMKG for the development of a sustainable airport.
Business Practices

Target and Achievement of the Environmental Work Program in 2019
Strategic Objectives Realization
Airport construction and development are required to have an Environmental Permit

through the OSS system as one of legal complianc. For the development of airports, I
Gusti Ngurah Rai Airport in Bali, Lombok International Airport, Adi Soemarmo Airport,
Sultan Hassanudin Airport in Makassar and Juanda Airport in Surabaya possessed
an Environmental Permit and Environmental Impact Analysis (AMDAL) documents,
while SAMS Sepinggan Airport and Sam Ratulangi Airport obtained Decree on
Obtaining an Environmental Environmental Feasibility (SKKLH) and Definitive Environmental Permit in 2019.
Permit from the EIA study
on New Airport Construction
and Airport Development
In accordance with the regulations in the environmental permit and Eco Airport
Certificate from the Ministry of Environment and Forestry (KLHK) and the Directorate
General of Civil Aviation of the Ministry of Transportation, the company must report
its environmental management performance periodically to the relevant agencies,
PT. Angkasapura I already has an online reporting systems namely the Environmental
Reporting System, ACERT (ACI’s Airport Carbon and Emissions Reporting Tool) and has
Monitoring and Reporting on been registered in SIMPEL system and Electronic Manifest (Festronik) of the Ministry
Environment at Airports and of Environment and Forestry (KLHK) for reporting RKL-RPL monitoring and preventive
Head Office monitoring for illegal wildlife trafficking.
Paper, Energy and Water Saving Program Further, the company also endeavors to save water
As a form of commitment of PT Angkasa Pura in its operations. In this regard, water is sourced
I (Persero) in preserving the environment, the from the Regional Water Supply Company
Company has implemented a policy to reduce (PDAM) and not through pumping of ground
paper use and to begin using communication water. Efficient use of water is also realized by
technologies that allow paperless processes. checking water installations on a regular basis to
Starting in 2019, the Company also implemented prevent leakage, and to always urge employees to
an electronic documentation service system. conserve water usage. Other efforts to conserve
water include the following:
In addition, PT Angkasa Pura I (Persero) made • From September 2019, using water from the
efforts to save energy through: Sewage Treatment Plan (STP) at I Gusti Ngurah
• Use of the Supervisory Control And Data Rai Airport-Bali to reduce underground water
Acquisition (SCADA) system to monitor use.
electricity usage periodically at Jenderal • Enhancing the use of reversed water osmosis
Ahmad Yani Airport in Semarang technology at Jenderal Ahmad Yani Airport-
• Use of LED lights at airports Semarang by recycling brackish water and
• Use of escalators with sensors to save electricity rainwater
• Reducing the duration of Standing AC and • Using water taps with automatic sensors.
centralized air conditioner (AC) in terminal
buildings
• Use of solar cells for street lighting at
Syamsudin Noor Airport- Banjarmasinand El
Tari Airport- Kupang
• Use of Building Automation System at the
Airports

Nature Conservation Program Community and WWF-Indonesia simultaneously

PT Angkasa Pura I (Persero) is committed to at 13 airports. PT Angkasa Pura I (Persero) together
making green areas around airports and to develop with WWF Indonesia also collaborated in other
environmentally-friendly airports. In addition, the programs such as conservation and education,
Company supports the Government program environmental preservation, and tourism
on nature conservation in the surrounding development in accordance with the principles of
operational areas and other buffer zones, as well sustainable management.
as playing an active role as coordinator of the
‘SOE Care for Regreening’ initiative for the East Internally, natural conservation also included
Nusa Tenggara Province. Throughout 2019, the activities such as prevention of environmental
Company has carried out nature conservation pollution, Green Building, Green Procurement,
activity in the form of “Switch Off Earth Hour Green Processes, and Reduce, Reuse, Recycle (3R)
2019” global campaign initiated by the Earth Hour programs that support the goals of Eco Airport.
Impact of Activity
Impact of Paper, Energy and Water Saving Program
The CSR activities on the environment conducted in 2019 delivered positive outcomes on the economic
side through savings in paper, electricity and water costs. The impacts of paper, electricity and water
savings are presented in more detail as followst.
Paper, Energy and Water Savings
Description 2019 2018
Ratio of Electricity and Water Costs to Total Revenue 1 : 1.14 1 : 0.98
Ratio of Stationery Costs to Total Assets 1 : 0.04 1 : 0.04
Ratio of Electricity and Water Costs to Total Assets 1 : 0.033 1 : 0.27
PT Angkasa Pura I (Persero) ‘s use of electricity, fuel and water in the last three years
Description Satuan 2019 2018 2017
Electricity kWh 243.636.176,80 244.478.698,59 230.355.873,56
Fuel Oil Litre 1.157.798,90 1.340.666,79 1.256.713,82
Water m3 4.874.880,00 4.915.970,70 4.643.849,00
Impact of the Nature Conservation Program

Implementation of the anti-pollution, Green Building, Green Procurement, Green Processes, and Reduce,
Reuse, Recycle (3R) activities are expected to help reduce global warming and to be an inspiration for other
parties to be concerned for and help restore the environment. PT Angkasa Pura I (Persero) will continue to
carry out nature conservation activities to make all managed airports to be environmentally friendly (Eco
Airport).

Environmental Certification
PT Angkasa Pura I (Persero) consistently maintains business operations. Environmental Certification
its environmental performance to meet the obtained by PT Angkasa Pura I (Persero) include
expectations of stakeholders in handling the following:
environmental issues related to the Company’s
Certification Description Airport Locations
Airport Council Airport Carbon Accreditation is a certification awarded The proposed airports are:
International by Airport Council International to airports that have • I Gusti Ngurah Rai Airport –
calculated and made efforts to reduce emission and Denpasar, Bali
carbon raye generated by airport operations. Currently • Jenderal Ahmad Yani
is still in the certification preparation program. Airport – Semarang
• Adi Soemarmo Airport -
Solo
Green Building PT Angkasa Pura I (Persero) airport building is Airports in the certification
Certification expected to be a green performance building. This process:
green performance follows the benchmark of a green • Jenderal Ahmad Yani
building called Greenship. Such activity includes various Airport – Semarang
duties such as planning, construction, operation and • Yogyakarta International
maintenance, procurement, as well as other necessary Airport – , Kulon Progo, DIY
activities.
The success in following this benchmark is legalized in

Greenship certificate, issued by Green Building Council
Indonesia (GBCI). In case the building has earned such
certification, the owner is legitimate to call it Green
Building.
PT Angkasa Pura I (Persero) has implemented the

principles of green building in its development project,
starting from the planning, design, development, and
operational stages in the future. Current progress is
awaiting verification before the issuance of certification
from GBCI.
Development and ISO 14001 is part of the overall management system Airports that are still in the
Certification of ISO which consists of organizational structure, planning process of being set up and
14001:2015 activities, responsibilities, practices, procedures, awaiting certification:
processes and resources for the development, • Sultan Hasanuddin Airport
implementation, achievement, assessment and – Makassar.
maintenance of environmental policies. It is expected • I Gusti Ngurah Rai Airport –
that PT Angkasa Pura I (Persero) Airport is able to Bali.
meet the criteria of Eco Airport through Integrated
Management System.

Employment
PT Angkasa Pura I (Persero) is committed to In relation to occupational health, the Company’s
carrying out corporate social and environmental commitment is reflected in Decree of the Board
responsibility on employment, which covers of Directors No. KEP.121/KP.30/2004 dated 9
various aspects: December 2004 concerning Facilities for Officials,
• gender equality and work opportunities Official Travel, and Healthcare for Employees of PT
• equality in education and training programs Angkasa Pura I (Persero). This policy guarantees
• occupational health and safety adequate healthcare provision for the employees.
• industrial relations In addition to health insurance, the the Company’s
• remuneration commitment to occupational health and safety
• pension program is also stated in Decree of the Board of Directors
No. KEP.08/KP.10.43/2018 dated 24 January 2018
concerning Manual on Occupational Health and
Safety Management System (SMK3) of PT Angkasa
Pura I (Persero).
Formulation of Corporate Social and Environmental

Responsibility on Employment
The scope and formulation of the Company’s social During 2019, the issues identified by PT Angkasa
and environmental responsibility on employment Pura I (Persero) are:
are closely related to the characteristics of airport 1. There is a plan to establish an SOE Super
operations. Issues that are significant and of Holding in the field of aviation by the Ministry
concern to PT Angkasa Pura I (Persero) include of SOEs so that it has the potential to influence
gender equality and work opportunities, equality employee status and employee welfare.
in education and training programs, industrial 2. The need for e-learning to improve employee
relations, remuneration, and pension program. competence in facing the digital era and to
increase the effectiveness and efficiency of
The formulation of programs on employment is employee training time.
carried out by involving relevant stakeholders,
through discussions, surveys or other forums.
The stakeholder involvement aims to formulate
initiatives or programs or discuss issues of concern
to stakeholders, so that the Company can make
effective and efficient decisions.

Activity Plan for Social Responsibility on Employment
The activity plan for corporate social and Furthermore, PT Angkasa Pura I (Persero) has a
environmental responsibility on employment policy related to occupational health and safety as
is listed in the Company Work Plan and Budget, stipulated in the Decree of the Board of Directors
particularly in the Work Program of the Human Number: KEP.08 / KP.10.43 / 2018 dated 24 January
Capital Group and Training and Development 2018 concerning the Occupational Health and
Group. These activities include recruitment Safety Management System Manual (SMK3) of PT
process, competency development, determination Angkasa Pura I (Persero)
of remuneration, and employee retirement. All
planned activities on employment are prepared in PT Angkasa Pura I (Persero) involves its
accordance with applicable rules and regulations, stakeholder groups in carrying out corporate
the implementation of which is based on respect social responsibility on employment, namely labor
for employee rights, anti-discrimination, and union organizations. The Company guarantees
women’s participation. freedom of association to represent the interests
of employees in employment affairs, including
PT Angkasa Pura I (Persero) provides health care negotiations on Collective Labor Agreement (CLA)
insurance for employees which includes outpatient with company’s management. The Company
care, inpatient care, and special services. The regularly holds meetings with labor unions
provision of health facilities is stipulated in the to discuss employee rights and obligations or
Decree of the Board of Directors Number: KEP121 / appropriate disciplinary sanctions in case of
KP.30 / 2004 dated 9 December 2004, concerning disciplinary violations by employees.
Facilities of Officials, Official Travel and Health Care
for Employees of PT Angkasa Pura I (Persero) In 2019, PT Angkasa Pura I (Persero) allocated
funds of Rp 49.98 billion for education and
training programs aimed at increasing employee
competencies at various levels of position.

Description of the Implementation of Social Responsibllity

Activities on Employment
The efforts of PT Angkasa Pura I (Persero) to be hearing aids, eye prostheses, and BPJS Health
socially responsible in the field of employment facilities for all employees. The Company also
involve various stakeholders, including Labor adheres to Occupational Health and Safety
Union. The role of the Board of Directors and (OHS) standards for employees as a preventative
Management of PT Angkasa Pura I (Persero) approach, which includes guidance, application
related to employment is to review of the initiatives and maintenance of OHS so that employees avoid
and reports compiled by the Company. work accidents and occupational diseases.
Occupational Health and Safety In 2019, PT Angkasa Pura I (Persero) did not
In relation to employee health, in 2019 PT Angkasa experience work accidents or fatalities.
Pura I (Persero) provided health services such
as reading aids, medical treatment, dental care,
Work Accidents of PT Angkasa Pura I During 2017 – 2019
Number of Fatalities 0 0 0
Number of Serious Accidents 0 0 0
Number of Minor Accidents 0 0 0
Total Accidents 0 0 0
Gender Equality and Work Opportunities At the end of 2019, PT Angkasa Pura I (Persero) had
PT Angkasa Pura I (Persero) provides equal a composition of male employees at 59%, while
opportunities for all persons regardless of ethnicity, female employees at 41%.This significant difference
religion, race, class, gender, or physical condition was due to greater interest in men to work in the
to take part in recruitment program. Prospective airport industry as compared to women.
employees are selected and appointed fairly based
on the results of selection and evaluation during Equality in Education and Training
the probationary period and work orientation. Programs
PT Angkasa Pura I (Persero) provides equal
PT Angkasa Pura I (Persero) conducted a opportunities for all employees to take part in
recruitment process that promoted the principles education and training programs. The programs
of openness, fairness, and equality based on are carried out to improve employee skills and
company needs and competencies owned by capacity to support the Company’s operations.
candidates by taking into account the availability In 2019, no less than 264 training and education
of local and national workforce. programs were attended by participants from the
level of Board of Directors to employees with total
expenditure for training purposes amounting to
Rp 49.98 billion.

Industrial Relations have received remuneration above the minimum

The company is committed to providing support wage standard applicable in the Company’s
to 2 (two) labor union organizations, namely operating territories. Remuneration received by
Serikat Pekerja Angkasa Pura I (SP/ Angkasa Pura I employees of PT Angkasa Pura I (Persero) includes:
Labor Union) and Asosiasi Karyawan Angkasa Pura • Monthly income, including basic salary, spouse
I (AKA/ Employee Association of Angkasa Pura I) allowance, child support, food allowance,
as employee representatives in the employment performance incentive, dearness allowance,
affairs. The Company regularly holds meetings transportation allowance, position allowance,
with the labor unions regarding the rights and and mobility allowance.
obligations of employees and the Collective Labor • Annual income, including house rent
Agreement (CLA). allowance, annual leave allowance, children
education allowance, religious holiday
Remuneration allowance, bonuses, and official uniform.
The Company’s remuneration policy takes into • Health care, including outpatient, inpatient,
account the skills, competencies, and integrity of and special services.
employees and is accordance with the prevailing • Income based on certain conditions and
laws and regulations. At present, all employees occasions.
Comparison Between Highest and Lowest Salaries at PT Angkasa Pura I (Persero) in 2019
Description Highest Value Lowest Value Ratio
Board of Commissioners 78,750,000 78,750,000 1:1
Board of Directors 175,000,000 148,750,000 1:2
Employees
Level I 56,960,324 35,267,515 1:6
Level II 30,636,027 27,651,992 1:1
Level III 20,015,658 18,256,753 1:1
Level IV 12,197,222 7,313,272 1:7
Pension Program
Another indication of the corporate social and 6. Business visit; and
environmental responsibility on employment 7. Resolution/personal action plan with YAKKAP I.
issues is the pre-retirement preparation initiative.
PT Angkasa Pura I (Persero) employees can In addition to the retirement preparation program,
participate in the Pre-Retirement Training PT Angkasa Pura I (Persero) provides the following
Program in preparation of retirement. The various facilities to retired employees:
insights conveyed in this training program include 1. Pension Benefits through the Pension Fund
the following: of PT Angkasa Pura I (Persero) (DAPENRA),
1. Spiritual emotion power; Financial Institution Pension Fund (DPLK) and
2. Tips for facing retirement status; Pension Assurance by BPJS Ketenagakerjaan.
3. Healthy secret; 2. Old Age Benefits, managed by the Employee
4. Entrepreneurship; Welfare Foundation of PT Angkasa Pura I
5. Creating a harmonious family post retirement; (Persero) (YAKKAP I).

3. Retirement Health Care by YAKKAP I. 2. If the complaint cannot be resolved, the matter
4. Old Age Benefits by BPJS Ketenagakerjaan. can be submitted to the superior of the direct
superior.
Complaint Mechanism on Employment 3. If the matter remains unresolved, the
PT Angkasa Pura I (Persero) has a complaint employee may report the matter to the Labor
mechanism on employment as stated in Decree Union.
of the Board of Directors No. KEP.41/KP.14/2013 4. If the mater remains unresolved, the matter
concerning the Committee for Supervision and may be pursued in accordance with applicable
Investigation of Employee Disciplinary Violations laws and regulations.
(P4DP) of PT Angkasa Pura I (Persero). In case
there are complaints and suggestions, employees
may undertake the following:
1. Employee complaints shall be first discussed
with the direct superior.
Description of Achievements pf Corporate Social Responsibility

on Employment
Employee Health and Safety Occupational Health and Safety (OHS) is of

PT Angkasa Pura I (Persero) provides health particular concern to PT Angkasa Pura I (Persero).
facilities for employees and their family members Potential hazards and OHS risks often encountered
which include: in the airport industry include loss of hearing due to
1. Outpatient care; the Company reimburses all noise, collisions between airport personnel vehicles,
medical costs for employees visiting doctors fire risk, and other hazards that can hamper the
other than those provided by the Company. Company’s business activities. For this reason, the
2. Inpatient care; the Company provides inpatient Company is committed to preventing these risks
facilities for employees and their families in and protecting employees, the Company assets
accordance with the service class determined and the surrounding environment from potential
based on the position level. hazards of work accidents and occupational
3. Special services; the Company provides diseases.
health facilities such as reading aids, dental
care, hearing aids, prosthetic limbs, and eye
prosthesis.
Furthermore, clinics are also available around

the Company’s Head Office and branch offices
for use by employees. Health facilities are not
only available for current employees, but also for
retired employees and their families in the form
of hospitalization costs per person per year in
accordance with Company provisions as managed
by YAKKAP I.

The practices of OHS policy are applied by all levels f. Evaluate OHS implementation in order
of management and employees of PT Angkasa to create continuous improvement and a
Pura I (Persero). The OHS policy is continually conducive environment for OHS.
communicated to all employees and relevant
stakeholders and is regularly reviewed by the OHS Manager
Board of Directors. The OHS policy covers the In the head office, OHS is managed by Occupational
following efforts: Safety Health Department in Airport Safety
a. Prevent of workplace accidents, occupational Group, which was formed in 2016. Meanwhile,
diseases, and damage to equipment, property organizational structure of OHS manager in
and work environment. branch offices is divided into three based on their
b. Create a workplace environment that is safe, size, namely:
healthy, and comfortable for employees, 1. Large Class Airport;
customers, business partners, as well as other 2. Middle Class Airport;
parties within the Company to support the 3. Small Class Airport.
achievement of the vision, mission, and goals
of the Company.
c. Comply with all laws and other requirements
related to OHS and evaluate the compliance.
d. Continuously provide guidance, application
and maintenance on OHS within the Company.
e. Fulfill competent human resources, operation-
worthy equipment, safe work methods and
work environment, and adequate budget to
support the implementation of OHS programs.
Organizational Structure of OHS Manager of PT Angkasa Pura I (Persero) in the Head Office and Branch Offices
Head Office Large Class Airport Middle Class Airport Small Class Airport
1. Vice President Airport Safety Airport Safety & Quality Airport Security & Safety 1. Airport Operation
Senior Manager Senior Manager & Technical Senior
Manager*
2. Airport Operation
& Safety Senior
Manager**
2. Occupational Health and Safety Safety Management Safety Management 1. Airport Safety,
Health Senior Manager System & Occupational System & Occupational Quality, and Risk
Manager Manager Manager
2. Airport Operation,
Services, Security, &
Safety Manager***
3.a. Occupational Health and Safety Safety Management Safety Management Safety Management
Health Analyst System & Occupational System & Occupational System & Occupational
Health and Safety Safety Health Officer Safety Health Officer
3.a. Occupational Health and Safety Officer
Health Officer
*for Airports in Kupang and Ambon

**for Airport in Solo
***for Airport in Biak

Furthermore, PT Angkasa Pura I (Persero) found productivity in 2019 can be seen in the following
that well-managed employee health had a positive table:
impact on work productivity. Increased employee
Year Revenue (Rp) Total Employees Productivity (Rp)
2019 8,631,546,000,000 3.355 2,572,740,984
2018 8,521,087,000,000 3.370 2,528,512,463
2017 7.194.347.000.000 3.350 2,174,566,269
Employee Turnover
Corporate social responsibility efforts on the employee turnover rate by 1,07% compared to the
workforce during 2019 resulted in a decrease in previous year, as presented in the following table.
Employee Turnover Rate of PT Angkasa Pura I Persero in 2017-2019
Retired 80 109 118
Resign 6 6 78
Death 10 6 8
Others 2 0 4
Total Employees Leaving 98 121 208
Total Employees 3.355 3.374 3.350
Turnover Rate 2,92% 3,59% 4,85%
In addition to the turnover rate, the quantitative with human resources management with the
impact of activities on employment issues provision that the Company should continue
can also be seen from the results of employee to make improvements in several aspects. The
satisfaction surveys that were regularly carried results indicated that employees were loyal to the
out by PT Angkasa Pura I (Persero). The employee company as it always accommodates employee
satisfaction index in 2019 achieved a score of needs related to welfare, work opportunities, and
4,36 or an increase from 2018 of 4.35. This score a supportive work environment.
indicated that employees were “Very Satisfied”
Employee Satisfaction Index of PT Angkasa Pura I (Persero) in 2017-2019
Employee Satisfaction Index 4.36 4.35 4.15

Certification and Awards

PT Angkasa Pura I (Persero) is the first airport SMK3 certificate with an average achievement
service company to obtain the Occupational of 90,59, In addition, I Gusti Ngurah Rai Airport -
Health and Safety Management System (SMK3) Bali, Sultan Aji Muhammad Sulaiman Sepinggan
certificate with 166 criteria from the Ministry of Airport - Balikpapan, and Adi Soemarmo Airport
Manpower. As of 2019, thirteen airports managed - Solo received OHSAS 18001:2007 certificate from
by PT Angkasa Pura I (Persero) obtained the Sucofindo International Certification Services.
Consumers
The Company’s commitment to consistently take The Company has an Airport Safety Group Unit
into account consumer satisfaction and safety is that specifically works to ensure the achievement
reflected in Decree of the Board of Directors No. of specific safety levels and service quality
KEP.38/OP.01/2009 dated 7 April 2009 concerning standards. This is accomplished through the Safety
Safety Management System (SMS) at airports Management, Occupational Health and Safety,
managed by PT Angkasa Pura I (Persero). and Quality Management systems. One of the
objectives of the Airport Safety Group is to achieve
Through this policy, the Company seeks to ensure a good Customer Satisfaction Index (CSI) score in
the safety of flight operations so that flight risks accordance with applicable laws and regulations.
may be reduced to tolerable levels and minimize
the risk of injury to passengers in the airport area.
Airport Security
The Airport Security of PT Angkasa Pura I consumers. The roles and responsibilities of each
(Persero) has three departments responsible for department within the Airport Safety Group are as
managing the implementation of corporate social follows.
and environmental responsibility activities for
Role and Responsibilities of the Airport Safety Group in 2019
Role Mission Primary Responsibility
Vice President Ensuring effective airport security services • To ensure the achievement of the
Airport Security through improving the quality and reliability of aviation security level of service
human resources to support the achievement of • To ensure compliance with
CSI following national and international standards, regulations in all airports
RKAP, and legislation. • To ensure the implementation of
policies, strategies, and SOPs in
airport security protection, airport
security screening, and airport
security quality control

Role and Responsibilities of the Airport Safety Group in 2019
Role Mission Primary Responsibility
Airport Security To ensure flight security at airports for passengers, • To ensure the availability of policies,
Screening Senior aircraft personnel, and luggage through effective airport strategy and SOP security
Manager management of airport security screening screening
activities to support the achievement of CSI • To ensure the availability of design
following national and international standards, and airport layout following flight
RKAP, and statutory regulations. security function
Airport Security To ensure the management of aviation security • To ensure the implementation of
Quality Control supervision program activities at airports to airport security activities following
Senior Manager fulfill compliance with effective aviation security the Airport Security Program (ASP)
regulations to support the achievement of CSI • To ensure that the corrective action
following national and international standards, plan for the airport security audit
RKAP, and statutory regulations. runs according to the specified
target
• To ensure the availability and
implementation of emergency
response programs.

In order to provide the best service for consumers • Circular No. ED.30/OP.02/2017/DU concerning
(service users), specifically in relation to safety and Implementation of a Safety Management
comfort in the airport areas, PT Angkasa Pura I System.
(Persero) has implemented ISO 90001:2015 Quality
Management System as a guideline in managing The health and safety of consumers certainly
airport operations. In addition, the Company cannot be separated from the condition of a safe
takes into account the implementation of Safety, and comfortable work environment for employees.
Security, Service, and Compliance (3S + 1C) which In this case, the Company has a work safety policy
ensures the safety of aircraft operations at the as regulated in Decree of the Board of Directors
airports in accordance with Law No. 1 of 2009 No. KEP.08/KP.10/43/2018 dated 24 January 2018
concerning Aviation. concerning Manual on Occupational Health and
Safety Management System of PT Angkasa Pura I
Furthermore, as an airport operator, PT Angkasa (Persero). The Company continues to ensure that
Pura I (Persero) complies with the obligation safety policies are understood and adhered by
to implement a Safety Management System as all employees and stakeholders. In addition, the
regulated in: Board of Directors periodically reviews the safety
• Decree of the Board of Directors No. KEP.38/ policies to remain relevant and meet the needs of
OP.1/2009 concerning Safety Management service users and in accordance with applicable
System at Airports Managed by PT Angkasa regulations.
Pura I (Persero),
• Decree No. KEP.64/HK.03/2009 concerning
Punishment in the Safety Management System
(Non-Punitive Reporting Policy) at PT Angkasa
Pura I (Persero), and

In practice, the efforts of PT Angkasa Pura I Activities

(Persero) in ensuring the safety of service users
include: Occupational Health and Safety
1. Preventing incidents, serious incidents, and Occupational Health and Safety is a priority for PT
accidents through identification of hazards Angkasa Pura I (Persero) so that airport service
and safety promotion. users can carry out activities safely and comfortably
2. Complying with all laws and other policies in the work environment of airport. The Company
related to safety and evaluating compliance. made several efforts related to OHS throughout
3. Continuously fostering, implementing and 2019 including the following activities.
maintaining safety within PT Angkasa Pura I
(Persero).
4. Evaluating safety practices to improve safety
standards on an ongoing basis.
Activity Plan
As a form of the Company’s responsibility activity

plan for service users, PT Angkasa Pura I (Persero)
is committed to resolving consumer complaints
under the Service Level Agreement (SLA) and
achieving customer satisfaction scores of above
4.0 on a scale of 1 to 5. In addition, the Company
implements a system management to ensure
safety in all flight activities in accordance with
national and international standards and the
Airport Safety Management System manual.

Occupational Health and Safety Activities of PT Angkasa Pura I (Persero) in 2019
Work Program Objectives Outcomes
OHS Promotion: 1. To improve the The program was conducted in January - March 2019, the activities
1. National Company’s consist of:
OHS Month; image 1. OHS Month Assembly
2. OHS 2. To build 2. Signing of Safety Commitment with stakeholders
Campaign awareness of the 3. OHS (K3) Award from the local Province, among others: Zero
importance of Accident Award, P2K3 Award, OHS Performance Award, Award for
OHS within PT Compliance Against Manpower Regulations of above 80%, OHS
Angkasa Pura I Implementation Award, Award for Actively Implementing OHS
(Persero) 4. OHS dissemination and seminar covering topics such as basic
3. To increase the OHS, zero accident, emergency response, occupational health
application psychology, P2HIV/AIDS, prevention of fire hazards and basic
of OHS in the life support, ergonomics at work, defensive safety driving, 5R
airport work (housekeeping), sanitation, work environment management, etc.
environment 5. Installation of OHS Month Banners
6. Blood donation with a total collected bags of 1,067 blood bags
(from the head office and 13 airport branches)
7. OHS Competition and Exhibition
Airport Safety 1. To discuss OHS This activity was carried out on 26-29 March 2019 in Yogyakarta with
Annual Meeting achievements participants from the Head Office and all branch offices. The results of
2019 in 13 (thirteen) the agreement on OHS are as follows:
PT Angkasa 1. Frequency rate of Lost Time Injury occurrence for internal
Pura I (Persero) employees has been determined to be less than or equal to 1 (LTI
airports; FR ≤ 1);
2. To synchronize 2. Ensuring that SMK3 implementation level in all airport business
the OHS processes (both airside and landside) is above 85% as evaluated
strategic work through Internal Audit of at least once a year;
programs at the 3. Airport branch offices shall be able to propose the Zero Accident
head office and and P2HIV/AIDS awards to the Regional Office of Manpower;
branch offices 4. Improving the culture of reporting and ensuring that everyone
according to concerned can report on workplace accidents occurring in the
the Operations airport environment through email, whatsapp, etc., as well as
Directorate submitting an official report of the investigation results which
Roadmap 2019 - include:
2023; a. Moderate accident (requiring medical treatment/ temporary
disability);
b. Severe accident (permanent disability);
c. Fatality/ Death;
d. Fire.
5. Optimization of Online Reporting System (ORS) integrated with
the Safety Management System;
6. Optimization of personnel of other units holding OHS certificate
through dissemination, knowledge sharing and OHS inspection;
7. Increasing publication of OHS activities in branch offices through
social media in collaboration with the Communication & Legal
Section as a form of safety promotion to the public;
8. Preparing for the implementation of ISO 45001:2018 through the
stages of interpretation, dissemination, training and Gap Analysis.
SMK3 Internal 1. To determine the Internal Audit of SMK3 at 10 (ten) branch offices was carried out by the
Audit 2019 as level of SMK3 head office team in May - October 2019, with the following results:
regulated by implementation 1) Ahmad Yani International Airport - Semarang with achievement
Government and consistency of 96.39%
Regulation No. in each branch 2) I Gusti Ngurah Rai International Airport - Bali with achievement of
50 of 2012 office. 98.19%
3) SAMS Sepinggan International Airport Balikpapan with
achievement of 94.57%
4) Adi Soemarmo International Airport – Solo with achievement of
93.37%
5) Adisutjipto International Airport - Yogyakarta with achievement of
95.78%

Occupational Health and Safety Activities of PT Angkasa Pura I (Persero) in 2019
SMK3 Internal 2. To determine 6) El Tari International Airport – Kupang with achievement of 94.60%
Audit 2019 as the level of 7) Juanda International Airport - Surabaya with achievement of
regulated by compliance 98.19%
Government against 8) Sultan Hasanuddin International Airport - Makassar with
Regulation No. Government achievement of 98.19%
50 of 2012 Regulation 9) Syamsudin Noor Airport - Banjarmasin with achievement of
No. 50 of 2012 96.98%
concerning 10) Sam Ratulangi International Airport - Manado with achievement
SMK3. of 98.19%
11) Lombok International Airport with achievement of 96.39%
Consolidation As an effort to foster, 1. Hazard Identification Risk Assessment (HIRA) was conducted
of OHS implement, maintain on 15-16 April 2019 in order to monitor OHS in the Yogyakarta
Implementation and evaluate International Airport - Kulon Progo Development Project
in Airport Occupational Health 2. Operational Readiness, Activation & Transition (ORAT) activity was
Development and Safety in the conducted on 22-30 April 2019 in preparation of verification and
Project work environment operation of Yogyakarta International Airport
of the Airport 3. Inspection on the preparation of the Natural Disaster Tsunami
Development Project. Evacuation Exercise was conducted on 2 - 3 May 2019 at the
Yogyakarta International Airport - Kulonprogo Development
Project
4. Pre-Verification on Operation of the New Terminal at Adi
Soemarmo Airport - Solo on 5 – 7 August 2019
5. Pre-Verification of the Operation of the New Taxiway at Yogyakarta
International Airport - Kulon Progo on 18-19 September 2019
6. Verification of Operation of the New Terminal of Syamsudin Noor
Airport - Banjarmasin on 6 - 8 November 2019.
OHS Electrical 1. To improve The training was held on 28 January – 11 February 2019 in Jakarta, with
Expert Training employee the following objectives:
(Certification competence on 1. To ensure the safety and health of workers and other people in the
by the Ministry OHS workplace environment from potential electrical hazards
of Manpower of 2. To comply with 2. To create electrical installations that are safe, reliable and is safe
the Republic of applicable laws towards buildings and its contents
Indonesia) and regulations 3. To create a safe and healthy workplace to encourage productivity.
Technical 1. Increased The Technical Guidance session was divided into 2 phases, namely:
Guidance on understanding 1. Phase I (7 - 8 October 2019)
Interpretation of of personnel on Technical Guidance on Interpretation of ISO 45001:2018 for
ISO 45001: 2018 ISO 45001:2018 Airport Safety Group head office personnel and representatives of
Occupational Occupational subsidiaries of PT Angkasa Pura I (Persero).
Safety & Health Health 2. Phase II (9 - 10 October 2019)
Management and Safety Technical Guidance on Interpretation of ISO 45001:2018 for OHS
System Management personnel in all branch offices
System
2. Fulfillment of The 2-day Technical Guidance session discussed on:
ISO 45001: 2018 1. ISO 45001:2018 Occupational Health & Safety Management System
clauses 2. Interpretation on fulfillment of ISO 45001: 2018 clauses
3. The difference between ISO 45001:2018 and OHSAS 18001:2007

Safety Management System

Administration of the Safety Management System 3. Safety assurance
at PT Angkasa Pura I (Persero) includes 4 (four) a. Measurement and monitoring of safety
pillars of the following activities: performance;
1. Safety policy and objectives b. Change management; and
a. Management commitment and c. Continuous improvement of the Safety
responsibility; Management System.
b. Safety responsibility;
c. Appointment of Safety Manager/Officer; Based on these four pillars of Safety Management
d. Coordination of emergency management System, PT Angkasa Pura I (Persero) implemented
plan; and various work programs during 2019 as follows.
e. Documentation of the implementation of
the Safety Management System.
2. Safety risk management
a. Hazard/interference identification; and
b. Risk assessment and mitigation.
Safety Management System Work Programs of PT Angkasa Pura I (Persero) in 2019
Program Name Objectives Description
Domestic To increase knowledge 1. The Safety Management System Training of Trainer was
Training on SMS based on carried out in accordance with the Minister of Transportation
ICAO regulations, Regulation No. 62 of 2017 concerning Civil Aviation Safety
increase Single Regulations Part 19 (CASR) concerning Safety Management
Accountable awareness System (Sub Part B Point 19.51)
in developing and 2. ICAO Document Annex 19
implementing SMS
and building a safety
culture at the airport.
Airport Safety To ensure the The Airport Safety Annual Meeting in 2019 was held on 26-29
Annual Meeting implementation of March 2019 in Yogyakarta, and agreements in the field of Safety
safety in all operations Management System are as follows:
optimally through 1. To compile mandatory Safety Management System procedures
administration of that refer to the Manual on SMS, covering:
an effective safety a. Procedures related to Hazard Identification, Risk
management Assessment and Risk Control;
system to support b. Procedures related to the Reporting System;
the maintenance of c. Procedures related to Change Management;
operational safety d. Procedures related to Safety Inspection;
levels based on the e. Procedures related to Safety Investigation;
company’s work plan, f. Procedures related to Internal Audit;
in accordance with the 2. To ensure that related units have the Method of Working
implementation of 4 Plan (MOWP) procedures in every work that impact on flight
pillars of SMS (Policy, operations;
Risk Management, 3. To ensure that education and training proposals related to
Assurance and safety are conveyed to the relevant unit, namely Human Capital/
Promotion) Training Development;
4. To remain using existing Safety Performance Indicator of 1 per
10,000 movements.
5. To determine Safety Target of PT Angkasa Pura I (Persero) in
2019-2020 as follows:
Serious Incident / Accident due to FOD (Foreign Object Debris)
is smaller or equal to the year

Safety Management System Work Programs of PT Angkasa Pura I (Persero) in 2019
Program Name Objectives Description
Airport To measure the ability of personnel 1. The 102nd Emergency Response Exercise (PKD)
Emergency and equipment of each unit involved, was held at Sultan Hasanuddin International
Exercise in and compliance in implementing Airport - Makassar on 13 March 2019.
Safety Aspect SOPs in the context of preparedness to 2. The 103rd Emergency Response Exercise (PKD)
(PKD) cope with emergencies according to was held at Adi Sutjipto International Airport -
their area of duty and to test applicable Yogyakarta on 26 June 2019.
documents/ procedures. 3. The 104th Emergency Response Exercise (PKD)
was held at Lombok - Praya International Airport
on 7 August 2019.
4. The 105th Emergency Response Exercise (PKD)
was held at Pattimura Airport - Ambon on 30
November 2019
Focus Group To have common understanding and A meeting was held with DGCA and related units on
Discussion determine the safety targets of PT 6 February 2019 in Jakarta.
on Safety Angkasa Pura I (Persero) for 2019-2020.
Performance
Indicator with
DGCA and
related units
Internal To prevent the recurrence of an event Accompaniment of the National Transportation

Investigation and uphold the principle of no blame Safety Committee (KNKT) by Mr. Salim, SMS Senior
policy Manager of the Head Office regarding the serious
incident of Garuda Indonesia B 738 PK GFL 258
aircraft on 16-17 March 2019 in Yogyakarta.
Airport Safety To have common understanding of: Airport Safety Update Meeting was held on 12 April
Update Meeting 1. Implementation of program on 2019 at the Head Office in Jakarta.
measurement and supervision of
internal safety performance at 13
branch offices;
2. Preparation for the
implementation of APEX
surveillance at 4 airports that was
carried out in 2016 & 2017 (BPN,
DPS, SUB & UPG);
3. Preparation of APEX plans for 4
airports in 2019 (LOP, MDC, SOC &
SRG);
4. Preparation for annual safety audit
by DGCA
To add joint Safety Program with

airport stakeholders related to Safety
Target, Safety Performance Indicator,
and safety program, with UPG airport
as the pilot project. This took the form
of a Memorandum of Understanding
(MoU) containing the safety program
of each stakeholder

As a commitment of PT Angkasa Pura I (Persero) in Pura I (Persero) conducted the following activities
terms of ensuring occupational health and safety in 2019.
for the satisfaction of service users, PT Angkasa
Activities of Consumer Safety Management System of PT Angkasa Pura I (Persero) in 2019
Activity Objectives Outcomes
Runway Safety To ensure that runway facilities and equipment Runway facilities at all airports managed
Team are in good condition and ready for operation by PT Angkasa Pura I (Persero) are in good
condition and ready for operation
Bird Strike To control the population of wild animals and Any disturbance of wild animals and birds
Committe birds around the airport. that may have the potential to endanger
the flight has been reported regularly.
Ramp Safety To increase awareness of aviation safety through The implementation of 3S + 1C (Safety,
Campaign safety campaigns. Security, Services and Compliance) has
been realized.
Measurement To ensure that processes and procedures Measurement and Monitoring of Safety
and Monitoring operate effectively to achieve the established Performance have been carried out in 11
of Safety safety objectives and to determine the extent of (eleven) airports in 2019.
Performance SMS implementation throughout all operational
activities of the airport.
Emergency To measure the ability of personnel and Emergency Response Exercise (PKD) has
Response Exercise equipment of each unit involved and been carried out in 4 (four) airports of PT
compliance in implementing SOPs in Angkasa Pura I (Persero).
the context of preparedness to cope with
emergencies according to their area of duty and
testing applicable documents/procedures.
Foreign Object To ensure the absence of FOD that has the FOD Cleaning has been carried out
Debris (FOD) potentially to be a hazard for flight safety. regularly every Friday at all PT Angkasa
Cleaning Pura I (Persero) airports.
Safety Awareness/ To apply 3S + 1C to all airport operational Safety awareness has been carried out at
Safety Promotion activities. 13 airports in PT Angkasa Pura I (Persero).
Safety Risk To ensure potential hazards that can interfere Safety risk assessment/ site inspection has
Assesment/ Site with flight safety operations. been carried out and reported regularly.
Inspection
Runway Checking To ensure that runway facilities and equipment Runway facilities at all airports managed
are in good condition and ready for operation. by PT Angkasa Pura I (Persero) are in good
condition and ready for operation.
Emergency Response Exercise accordance with their line of work. PKD also
PT Angkasa Pura I (Persero) is committed to attempts to validate the existing documents/
conduct the Emergency Response Exercise (PKD) procedures.
on a regular basis with the following objectives: b. To generate recommendations that can be
a. To measure the ability of personnel and used in an optimal manner to prevent mistakes
equipment of each unit involved and during exercise and real emergencies.
measuring compliance in carrying out
Standard Operation Procedures (SOP) related PT Angkasa Pura I (Persero) conducted Emergency
to preparedness for emergency response in Response Exercise for 4 times in 2019 as follows.

Emergency Response Exercise of PT Angkasa Pura I (Persero) in 2019
Exercise Number Location Date Exercise Score
102nd Emergency Response Exercise Sultan Hasanuddin Airport - Makassar 13 March 2019 9.51
103rd Emergency Response Exercise Adi Sutjipto International Airport 26 June 2019 9.51
104th Emergency Response Exercise Lombok Internasional Airport – Praya 7 August 2019 9.69
105 Emergency Response Exercise

th
Pattimura Airport – Ambon 30 November 2019 9.45
Aircraft Rescue & Fire Fighting (ARFF) Quality Management System

Challenges 2019 Maintaining the quality of service is a form the
PT Angkasa Pura I (Persero) personnels have an Company’s responsibility to its customers. Airport
activity to socialize and exchange experiences service users have expectations for the Company
and ideas with other fellow professionals on flight to implement an effective service system, and
safety and airport operations. This activity has been therefore the Company has a series of processes
carried out regularly since its first time in Makassar to implement a Quality Management System,
in 1991 by PT Angkasa Pura I (Persero) with the aim namely:
of improving the quality of ARFF personnels and 1. Define the required input and expected
groups to be more alert and agile. output of the process;
2. Establish the sequence and interaction of
The ARFF Challenge 2019 was held on 25 - 26 processes;
September 2019 Surakarta – Solo participated by 3. Establish and apply the criteria, methods
56 ARFF members from airports managed by (including measurements and related
PT Angkasa Pura I (Persero). The theme of the performance indicators) needed to ensure
ARFF Challenges 2019 was “Increasing teamwork effective operation and process control;
and team cohesiveness in order to support 4. Determine the resources needed and ensure
operation excellence” which means that the their availability;
Company is committed to create media for ARFF 5. Appoint the person-in-charge who has
personnel to socialize, practice, share knowledge, authority over the process;
exchange ideas, so as to find out the strengths 6. Manage risks and opportunities according to
and weaknesses of each personnel so that they requirements;
can improve and increase the quality of each 7. Evaluate methods for monitoring, measuring
ARFF personnel, which is packaged in the form and evaluating processes to ensure the desired
of competition and updating regulations with results are achieved; and
current developments in the Aviation world. 8. Improve quality management processes and
systems.
The work programs related to Quality Management

System that have been implemented by PT
Angkasa Pura I (Persero) throughout 2019 are as
follows:

Work Programs on Quality Management System of PT Angkasa Pura I (Persero) in 2019
Coordination To comply 1. The Airport Safety Group Work Meeting was held on 6-8 March
Meetings, with customer 2019 based on the approval of the Director of Operations
Work Meeting, requirements and through Office Memo of Vice President Airport Safety Number:
and Quality applicable laws and DOF.36/OB.03.03/ 2019-B dated 21 January 2019.
Management regulations 2. The Airport Safety Annual Meeting was held on 26-29 March
FGD 2019 based on the approval of the Director of Operations
through Office Memo No. DOF.128/TU.03.04/ 2019 dated 4 March
2019 in Yogyakarta.
Quality To ensure that Quality Assessment was carried out at:

Assessment Emergency Response • Sultan Hasanuddin Airport - Makassar (14-15 March 2019)
of Emergency Exercise is carried out • Adisutjipto Airport (25-27 June 2019)
Response in accordance with • Lombok International Airport - Praya (7-9 August 2019)
Exercise (4 applicable regulations • Pattimura Airport - Ambon (29-31 October 2019)
Airports: UPG,
JOG, LOP, &
AMQ)
Program for To continuously foster An Internal Audit was carried out in conjunction with the Supervision
Dissemination implement, maintain and Measurement of Safety Performance at 4 airports, totaling 11
and Technical and evaluate ISO airports as follows:
Guidance/ 9001:2015 Quality 1. JOG (14-17 May 2019)
Quality Management 2. SUB (14-17 May 2019)
Promotion System based on 3. UPG (21-24 May 2019)
Risk Based Thinking 4. SRG (21-24 May 2019)
in the company 5. SOC (18-21 June 2019)
environment (QMS 6. LOP (18-21 June 2019)
documentation). 7. MDC (23-25 July 2019)
8. BPN (23-25 July 2019)
9. DPS (30 July - 1 August 2019)
10. KOE (21-23 August, 2019)
11. BDJ (9-11 October 2019)
ISO 9001:2015 To accompany Accompaniment of External Audit of ISO 9001:2015 Certification and
External Audit branch offices in Surveillance was carried out at 10 airport branches, except Pattimura
Accompaniment implementing ISO Airport - Ambon (10 December 2019), El Tari Airport - Kupang and
(11 Branches) 9001:2015 Certification Frans Kaisiepo International Airport - Biak (2020).
for Surveillance Audit and Surveillance
Audit, except Audit at their
Semarang respective offices
Quality Management System Activities for

Airports
PT Angkasa Pura I (Persero) continues to strive to have received ISO 9001: 2015 quality management
implement and manage quality management certificates. Several service quality assurance
systems in airport management based on ISO 9001: efforts have been carried out throughout 2019
2015 standards.As of the end of 2019, 13 airports through the following activities.

Quality Management System Activities for Airports of PT Angkasa Pura I (Persero) in 2019
Quality To provide quality assurance As of 2019, 13 airports have been certified on ISO
Management services, enhance the Company’s 9001:2015 Scope of PJP2U (Passenger Service Charge),
System image and maintain customer PJP4U (Aircraft Landing, Parking and Hanggar Services)
Certification trust in the company and PJKP2U (Aircraft Cargo and Postal Services), except
El Tari Airport - Kupang.
Internal Quality To ensure that Branch Offices 11 airports have conducted an Internal Quality Audit
Audit have implemented the Quality in 2019, except El Tari Airport - Kupang (3rd week of
Management System and make December 2019) and Frans Kaisiepo International
sure that branch offices are ready Airport - Biak (2020)
before the Certification Audit
or Surveillance Audit by the
Certification Body
Management To ensure that issues related to ISO All airports have held a Management Review Meeting
Review Meeting 9001:2015 Quality Management in 2019
System are discussed and followed
up before execution of the
Surveillance Audit and Certification
Audit
Dissemination To raise awareness of the All airports have disseminated ISO 9001:2015 Quality
of ISO 9001:2015 importance of implementing ISO Management System to the operational and
Quality 9001:2015 Quality Management administrative employees
Management System in the work environment of
System PT Angkasa Pura I (Persero)
ISO 9001: To improve the understanding of • All airports have conducted ISO 9001: 2015 Quality
2015 Quality ISO Team related to the Principles Management System Audit Training
Management of Quality Audit Implementation • ISO 9001:2015 International Registered Certified
System Audit before carrying out Internal Quality Auditor (IRCA Lead Auditor) Training was held on
Training Audits 29 July – 2 August 2019 for all QM representatives of
branch offices and the head office
Consumer Complaints Services

PT Angkasa Pura I (Persero) provides multiple The contact center is supported by 25 personnels
channels for submitting complaints as a who have knowledge on airport issues, the
mechanism to ensure public satisfaction. The Company’s business processes, and have an ability
complaints mechanism also helps the Company to communicate in accordance with SOPs and
to understand the needs of service users, so SLAs.
that it can evaluate and correct its services and
shortcomings to meet consumer expectations. The work process at the airport contact center is
as follows.
Service users of PT Angkasa Pura I (Persero) can
submit complaints that are available 24 hours a
day through:
Telephone : 172
Email : cc172@ap1.co.id
Twitter : @angkasapura172
Facebook : AngkasaPura 172

Feedback Services Flow via Dial 172
Customer Inbound CC172 Outbound CC172 Airport PIC/ADM/ Unit/Partner/

CSSH Business Partner
Menerima eskalasi Menerima, Menerima,

Dial 172 Menerima panggilan feedback dari Inbound mengevaluasi dan mengevaluasi dan
Dial 172 dan Greetings CC172 menindaklanjuti menindaklanjuti
Receiving calls and Receiving feedback feedback feedback
Greetings escalation from Receiving, evaluating, Receiving, evaluating,
Inbound CC172 and following up the and following up the
feedback feedback
Ya Memiliki / tidak
Memberikan identitas Menanyakan data Proses tindak lanjut
Yes memiliki tindak lanjut
Providing the identity pengguna jasa (nama sesuai dengan
& nomor telepon) Ya Having / Not having prosedur dari masing-
Memiliki / tidak
Asking the data of Yes any follow up masing instansi
memiliki tindak lanjut
service users (name Having / Not having Follow up process
and phone number) any follow up Tidak was in accordance
Not with each institution's
procedure
Tidak
Not
Berkordinasi dengan Memberitahukan

Input data pengguna PIC BANDAR UDARA hasil tindak lanjut
jasa di Database / ADM / CSSH Berkordinasi dengan feedback kepada
Inputting data of Coordinating with Unit Terkait / Mitra PIC melalui lisan dan
Service Users in airport PIC/ADM/ Kerja / Mitra Kerja / tertulis (berupa Nota
Database SCCH Mitra Usaha lisan dan tertulis
Menyampaikan tujuan
Coordinating with (berupa Nota Dinas,
Mentioning the
Related Unit/ Work Berita Acara, dll)
purpose
Partner/ Business serta melampirkan
Partner foto sebagai bukti,
jika diperlukan
Informing the result
Menanyakan Tujuan of follow up feedback
Asking purposes to PIC orally and
written (in the form of
Menerima hasil tindak note, news, etc) and
lanjut PIC BANDAR attaching photo as the
UDARA / ADM / CSSH evidence if needed
Receiving the result of
follow up from Airport
PIC/ADM/CSSH
Menerima hasil
Tidak Sesuai tindak lanjut dan
Not
menginformasikan
Corresponding Penomoran dan
ke CC172 untuk
Identifikasi feedback
Menyampaikan hasil disampaikan ke
yang disampaikan
tindak lanjut ke pengguna jasa
Menerima Konfirmasi Numbering and
pengguna jasa Receiving the result
dari CC172 Identifying feedback
Informing follow up to of follow up and
Receiving confirmation submitted
service users informing to CC172
from CC172 to forward the
Mempunyai Membutuhkan information to service
hasil tindak proses tindak
lanjut lanjut
users.
Sesuai
Corresponding Have follow-up Need a follow up
results process
Menerima hasil tindak Mencatat dan

Lanjut meninyimpan aktifitas
Receiving the result of Melakukan proses yang dilakukan di
follow up eskalasi / tindak Database
lanjut Taking a note and
Performing escalation recording the activity
process / follow up conducted in the
database
Selesai Mencatat dan

Done menyimpan aktivitas
yang dilakukan di
Database
Taking a note and
recording the activity
conducted in the
database

Feedback Services Flow via Social Media
Customer Contact Center Airport PIC/SDM/ Unit/Partner/

Officer Media CSSH Business Partner
Social
Menerima, Menerima,
Feedback dikirim Input data pengguna mengevaluasi dan mengevaluasi dan
melalui Email172, jasa di Database menindaklanjuti menindaklanjuti
Facebook172, Inputting the data of feedback feedback
Twitter172 dan media service users in the Receiving, evaluating, Receiving, evaluating,
sosial lainnya Database and following up the and following up the
The Feedback was
feedback feedback
sent to Email172,
Facebook172,
Twitter172,and other
social medias
Penomoran dan Proses tindak lanjut
Identifikasi feedback Ya sesuai dengan
yang disampaikan Yes Memiliki / tidak prosedur dari masing-
Numbering and memiliki tindak lanjut masing instansi
identifying the Having / Not Having Processing the follow
feedback feedback up based on the
procedure of each
Memberikan Data institution
Providing data
Tidak
Not
Memiliki hasil
tindak Lanjut atau Memberitahukan hasil
Memiliki
Have membutuhkan data tindak lanjut feedback
lanjutan kepada PIC melalui
Having the result of lisan dan tertulis
follow up or needing Berkordinasi dengan (berupa Nota lisan
further data Unit Terkait / Mitra dan tertulis (berupa
Kerja / Mitra Kerja / Nota Dinas, Berita
Mitra Usaha Acara, dll) serta
Membutuhkan Coordinating with melampirkan foto
data lanjut Related Unit/ Work
Ya Requires further sebagai bukti, jika
Yes
Partner / Business diperlukan
data
Partner Informing the result of
Tidak Sesuai
Not
follow up of feedback
Corresponding Memiliki / tidak to PIC through oral and
memiliki tindak lanjut written report (by oral
Having / not having note, news, etc) and
Menerima Konfirmasi follow up attaching photo as the
dari CC172 evidence if needed
Receiving confirmation Tidak
from CC172 Not
Sesuai Berkordinasi dengan

Corresponding PIC BANDAR UDARA
/ ADM / CSSH Menerima hasil
Coordinating with tindak lanjut dan
Airport PIC/ADM/ menginformasikan
CSSH ke CC172 untuk
Menerima hasil tindak
Lanjut disampaikan ke
Receiving the result of pengguna jasa
follow up Receiving the result
of follow up and
informing to CC172
Menerima hasil tindak to distribute to the
lanjut PIC BANDAR service user
UDARA / ADM / CSSH
Receiving the result
of Follow up of Airport
Selesai PIC/ADM/CSSH
Done
Menyampaikan hasil
tindak lanjut ke
pengguna jasa
Receiving the result
of follow up to the
service user
Mencatat dan
meninyimpan aktifitas
yang dilakukan di
Database
Taking a note and
conducted in database

Feedback Services Flow via Customer Services
Customer Customer Service Outbound CC172 Airport PIC/ADM/ Unit/Partner/

CSSH Business Partner
Menerima eskalasi Menerima, Menerima,

Tatap muka Greeting dan dalam mengevaluasi dan mengevaluasi dan
Feedback dari
Face to face posisi siap melayani menindaklanjuti menindaklanjuti
Customer Service
Greeting and in the Feedback dari feedback
Receiving feedback
position of ready to Customer Service Receiving, evaluating,
escalation from
serve CC172 and following up the
customer service
Receiving, evaluating, feedback
and following up
feedback from
Curtomer Service
Menanyakan data CC172 Proses tindak lanjut
pengguna jasa sesuai dengan
Memberikan identitas
Asking the data of prosedur dari masing-
Providing personal
service user masing instansi
identity Memiliki / tidak
Ya Follow up process
Yes memiliki tindak lanjut was based on the
Having / not having Ya Memiliki / tidak
Yes
procedure of each
the follow up memiliki tindak lanjut institution
Having / not having
Tidak the follow up
Not
Input data pengguna
jasa di Database Tidak Memberitahukan hasil
Not tindak lanjut feedback
Input the data of
Menyampaikan tujuan service user in kepada PIC melalui
Communicating database lisan dan tertulis
purposes Berkordinasi dengan (berupa Nota lisan
PIC BANDAR UDARA dan tertulis (berupa
/ ADM / CSSH Berkordinasi dengan Nota Dinas, Berita
Coordinating with Unit Terkait / Mitra Acara, dll) serta
Airport PIC/ADM/ Kerja / Mitra Kerja / melampirkan foto
CSSH Mitra Usaha sebagai bukti, jika
Menanyakan Tujuan Coordinating with diperlukan
Asking the purpose related Unit/Work Informing the result of
Partner/Business feedback follow up to
Partner PIC through oral and
written report (oral
note, news, etc) and
attaching photo as the
evidence
Tidak Sesuai Menerima hasil tindak
Identifikasi tujuan
Not lanjut PIC BANDAR
Corresponding yang disampaikan
Identifying the UDARA / ADM / CSSH
purpose given Receiving the result of
follow up from Airport Menerima hasil
Menerima Konfirmasi PIC/ADM/CSSH tindak lanjut dan
dari CC172 Mempunyai Membutuhkan menginformasikan ke
Receiving confirmation hasil tindak proses tindak CC172 atau Customer
from CC172 lanjut lanjut Service atau
Have follow- Need a follow up disampaikan langsung
up results process ke penggunakan
jasa jika diselesaikan
Menyampaikan hasil disolution room
tindak lanjut ke Receiving the result of
Melakukan proses pengguna jasa follow up and informing
eskalasi / tindak Delivering the result to CC172 or Customer
lanjut of follow up to the Service or directly
Conducting escalation service user informing to the service
process user if finished in the
solution room
Sesuai
Corresponding
Diselesaikan di
solution room
Menerima hasil tindak Completed in the
Menerima hasil tindak lanjut PIC BANDAR Mencatat dan solution room
Lanjut UDARA / ADM / CSSH meninyimpan aktifitas
Receiving the result of Receiving the result of yang dilakukan di Pencatatan aktivitas
follow up follow up from Airport Database dan / hasil tindak
PIC/ADM/CSSH Taking a note and lanjut ke dalam
recording the activity Database dilakukan
conducted in the oleh Customer Service
database Recording the activity/
Menyampaikan hasil and the result of follow
tindak lanjut ke up in the database
pengguna jasa done by Customer
Selesai Informing the result Service
Done of follow up to the
service user
Mencatat dan
menyimpan aktivitas
yang dilakukan di
Database
Taking a note and
done in the database

Call Center 172 Flow Chart
Customer Call Center PIC Unit
Menerima pengaduan
Mulai Menerima panggilan Tulisan Dinas
dan mengevaluasi
Start dan melakukan News
pengaduan
Greeting Receiving complain
Receiving the call and and evaluating
greeting complain
Menghubungi Call
Center 172
Calling Call Center 172 Meminta Dara
Pelanggan Memiliki / tidak Menindak lanjuti
Asking the data from memiliki jawaban pengaduan sesuai
customer Having /Not having dengan bobot
ant answer pengaduan (sedang
atau berat) dalam
jangka waktu tertentu
sesuai dengan SLA
Mencatat identitas yang telah disepakati
penelpon Following up the
Memberi identitas Tidak Memiliki
Recording the identity complain based on
Providing identity Jawaban
of the caller the complain rate
No answer (moderate, or hard) in
a particular time scope
based on the agreed
term
Menyampaikan
tujuan melakukan Menanyakan
pemanggilan tujuan melakukan
Informing the purpose Kordinasi pengaduan
pemanggilan kepada unit terkait
and calling the Asking the purpose of
customer melalui lisan maupun
calling tertulis (Nota Dinas)
Coordinating the
complain to related
unit through oral or
written report (news)
Proses tindak lanjut
Identifikasi sesuai prosedur
Permintaan Informasi masing-masing
/ Pengaduan The follow up process
Identifying information was in accordance with
request / complain Tulisan Dinas each institution
News
Pengaduan
Informasi /
Sedang / Berat
Pengaduan Ringan
Moderate / Heavy
Light Information /
Complaints
Complaints
Mencatat pengaduan
sedang atau berat Memonitoring tindak
kedalam database lanjut penanganan
Taking a note of pengaduan
moderate and hard Monitoring follow up of Memberitahukan
complain to the the complain hasil penanganan
database pengaduan kepada
PIC melalui lisan dan
tertulis (Nota Dinas).
Berita Acara, Foto)
Tulisan Dinas sebagai dokumentasi
Menghubungi PIC Notes Informing the result
Calling PIC of follow up to the
PIC through oral
and written report
(news, notes, etc) and
Meerima jawaban attaching photo as the
Receiving answer Menerima hasil tindak documentation
lanjut dari PIC Menghubungi Call
Receiving the result of Center 172 untuk
follow up from PIC menyampaikan
hasil penanganan
pengaduan
Calling call center 172
to report the result
Mencatat hasil of follow up of the
tindak lanjut yang complain
Selesai disampaikan kedalam
Done database
Recording the result
of follow up to the
database
Menghubungi
pelanggan untuk
menginformasikan
hasil tindak lanjut
Contacting the
customer to inform the
result of follow up

Level of Complaints Settlements Received

Throughout 2019, the Company recorded 384,977 complaints or 99.98% of total cases have been
complaints filed through various channels, namely resolved,while the complaints that have not been
E-mail, Twitter, Facebook, Customer Service, Media resolved will continue the process in the following
other than contact center 172, Public Relations, year.
and Suggestion Boxes, and 11,737 complaints
by telephone. During 2019, 384,904 incoming
Number of Consumer Complaints in 2019
Number of Incoming Number of Settled

Description Percentage of Settlements
Complaints Complaints
Telephone 11,737 11,714 99.80%
E-mail 6,379 6,358 99.67%
Twitter 2,026 2,018 99.61%
Facebook 316 314 99.37%
Suggestion Boxes 37 36 97.30%
Customer Service 360,075 360,075 100%
Media Selain 172 478 476 99.58%
Public Relations 3,929 3,913 99.59%
Service Improvement Program for To this end, the Company has involved consumers
Consumers and relevant stakeholders in conducting a market
In addition to providing technology-based research analysis through the Needs and Wants
airport facilities, PT Angkasa Pura I (Persero) also Survey at several airports that are currently or will
emphasizes more humanistic services for service undergo development. The survey aimed to obtain
users. This is realized through the welcoming value information on customer preferences so that
service delivered by professionals, and emphasizes PT Angkasa Pura I (Persero) can run appropriate
greetings and salutations to consumers to create business activities according to the needs and
an atmosphere of hospitality at the airport. In desires of customers. The results of the survey
addition to welcoming value, these professionals analysis were used as inputs for determining
are also tasked with promoting regional tourism business partners.
locations and introducing local customs through
the traditional clothing they wear during duty. During 2019, PT Angkasa Pura I (Persero) conducted
the Needs and Wants Survey at three airports with
Customer Needs and Wants Survey the following details.
In addition to the aeronautics business, PT Angkasa
Pura I (Persero) also runs a non-aeronautical
business. An endeavor to optimize revenue in this
line of business is to provide goods and services
in accordance with the needs and desires of
customers of PT Angkasa Pura I (Persero).

Needs and Wants Survey Location of PT Angkasa Pura I in 2019
Airport Location Execution Date
Lombok International Airport 10 – 16 July 2019
Sam Ratulangi Airport – Manado 10 – 16 July 2019
Juanda Airport – Surabaya 10 – 16 July 2019
Service Innovation 2. Special Needs Services Holding Room

In order to meet the dynamic customer satisfaction, Special Needs Services Holding Room is a
PT Angkasa Pura I (Persero) endeavors to provide room provided for passengers with special
service innovations. In 2019, the service innovation needs and is located in the terminal check-
initiatives included the following: in area. The Special Needs Services Holding
Room was inaugurated on 21 October 2019
1. Multi Sensory Room at Jenderal Ahmad Yani International Airport
A Multi Sensory Room is a waiting room for in Semarang. This facility is available at six
passengers who have children with autism. airports managed by PT Angkasa Pura I
This facility provides a sense of security and (Persero), namely:
comfort for passengers while waiting for • I Gusti Ngurah Rai International Airport in
boarding time. As the first multisensory service Denpasar
in Asia Pacific, this facility was inaugurated on • Yogyakarta International Airport
21 October 2019 at the terminal of Jenderal • Adi Soemarno International Airport in Solo
Ahmad Yani International Airport in Semarang. • Jenderal Ahmad Yani International Airport
in Semarang
The available facilities are designed to stimulate • SAMS Sepinggan Airport in Balikpapan
the various senses, such as the mattresses • Syamsudin Nood International Airport, in
installed on the floor and walls, instrumental Banjarmasin, while other airports will be
music, gym balls, and colorful LED lights. This gradually facilitated with Special Needs
room is specially designed to provide soothing Service Holding Room
stimuli, overcome tension, and reduce temper
tantrums for children with autism. The room The Special Needs Services Holding Room
has two functions by turning it into a white and and the Multi Sensory Room are specifically
a black room. White room is useful for creating designed with the hope of creating a sense of
a sense of security, comfort, and relaxation, calm and comfort while waiting for the check-
while the black room is useful to facilitate the in process and/or boarding time. Special
understanding of children with autism about Needs Services Holding Room is equipped
the environment and understanding of causal with chairs, tables, bean bags and mattresses.
relationships.
The availability of these facilities is expected
to make the airport service users, especially
those with special needs, feel comfortable and
add value to services for business partners and
airport managers.

3. Guidelines a. Guidelines for Special Need Services for

Following up on the development of Multi Children with Autism is addressed to
Sensory Room and Special Needs Services airport officials, and
Holding Room, the Airport Services and b. Guidelines for Passenger Experiences at
Hospitality unit has published several online PT Angkasa Pura I (Persero) Airports is
guidelines, namely: addressed to airport service users that can
a. Guideline for Special Needs Services for be accessed via the website www.ap1.co.id.
Children with Autism at the Airport,
b. Guidelines for Special Needs Services at Information dissemination and technical
the Airport, and assistance on the guidelines have been
c. Guidelines for Passenger Experience at PT performed online and directly at the Head
Angkasa Pura I (Persero) Airports. Office to airport personnels in the work
area of PT Angkasa Pura I (Persero). This was
Ratification of the guidelines coincided with conducted to develop the competence and
the inauguration of the multisensory room capacity of personnels in providing services to
and SNS Holding Room which was held at service users, especially to those with special
Jenderal Ahmad Yani International Airport in needs.
Semarang and designated for the following
uses:

4. Live Chat a. To improve Voice of the Customer services;

Live Chat is an online and live messaging service b. To increase service user satisfaction; and
using an automatic feature connected directly c. To facilitate users in communicating with
to the airport officials. Currently, consumers service providers in real time.
can easily interact with service providers. The
objective of using the live chat service is as
follows:
Live Chat facility can be accessed through the website www.ap1.co.id and websites in the work area of
Flow chart graphics of Live Chat service
Yes
Website Has
solution No Related
Unit
Assistance
Automatic CCO Yes

Greeting
Mobile Application

5. Lost and Found System Airport Ambassador

The Lost and Found System is a service In order to improve services and to maintain good
provided to improve services and satisfaction and sustainable customer relationship between
of airport service users with the following service users and airport manager, PT Angkasa
objectives: Pura I (Persero) conducted the Airport Ambassador
a. To facilitate service users in sharing their recruitment program in 2019.
voice of customer related to lost and/or
found items at the airport; The Airport Ambassador Program is expected to
b. To facilitate service users in finding out provide more humane services to service users
information on lost and/or found items at (Extra Life Facilities), to increase Welcoming Value
the airport; through appropriate greetings and salutations
c. To improve performance and integration to the passenger profile, and contribute to
of Voice of the Customer reporting, atmosphere or ambiance hospitality at the airports.
specifically reporting on lost and/or found The 42 selected airport ambassadors are native
items at the airport. sons and daughters, and are domiciled in their
respective regions of PT Angkasa Pura I (Persero)
This service is provided in collaboration with the working areas. The ambassadors have passed the
Airport Security and Information Technology required selection stages, and were subsequently
unit as the system/application provider. appointed as employees with a Time Limited
Contract Agreement from 1 May 2019 until 30 April
Tourist Information Center 2021. During this specified time, the ambassadors
Service users commonly visit a place of area for are not permitted to take part in the similar
tourism purposes. Certain destinations need to selection event and/or become an ambassador for
be traveled by airplane due to distance and time airport institution/business entity other than PT
factors. Therefore, PT Angkasa Pura I (Persero) Angkasa Pura I (Persero).
and the Ministry of Tourism have coordinated and
collaborated in supporting tourism destinations The role of the Airport ambassador is to provide
in Indonesia by providing the Tourist Information and promote airport services, tourism and
Center (TIC) service. This service is provided at culture in their respective regions, to educate
airport terminals and is used by service users to and to publish airport policies and regulations
find out information and to have their questions to the public, particularly to the airport service
answered about tourist attractions, tourist users related to Safety, Security, Services and
sites, local culinary, accommodation and local Compliance (3S + 1C) through their social media
transportation, or other tourist sites or locations. Accounts. The Ambassador also plays an active role
in events organized by PT Angkasa Pura I (Persero)
The TIC counters is located in the Arrival Terminal to be a representative to improve the Customer
Area of all airports managed by PT Angkasa Pura I Satisfaction Index (CSI) score and the Company’s
(Persero) and is equipped with facilities, including brand image.
leaflets, maps of tourist sites and monitor screen
that displaying tourism information. In addition
to visiting TIC, PT Angkasa Pura I (Persero) Airport
Ambassador and Cultural Affairs as well as Tourism
Promotion Service Officers may provide various
information related to tourism to tourists arriving
at the airport, as needed.

The duties and functions of the PT Angkasa Pura I 3. Tourism Promotion, representing and/or
(Persero) Airport Ambassador are as follows: assisting the company in activities or events
1. Corporate Branding, creating or organizing with the theme of corporate branding, tourism
activities or events, publications, campaigns, promotion and public relation.
or promotions aimed at enhancing the
company’s positive brand image.
2. Public Relation, creating or compiling and/or
publishing tourism sites and/or local tourism
and/or culinary tourism activities.
Certification
As of the end of 2019, all airports managed by In addition to the above certification, since
PT Angkasa Pura I (Persero) have obtained 2016, I Gusti Ngurah Rai Airport (Bali), Sultan
ISO 9001:2015 Quality Management System Aji Muhammad Sulaiman Sepinggan Airport
certification. The certification awarded by the (Balikpapan), Juanda Airport (Surabaya), and
United Registrar of Systems (URS), Lloyd’s Register Sultan Hasanuddin Airport (Makassar) have
Indonesia, and TUV Rheinland covers the aspects received the Airport Excellence in Safety Certificate
of Passenger Service Charge (PJP2U), Aircraft from Airport Council International (ACI).
Landing, Parking and Hanggar Services (PJP4U),
and Aircraft Cargo and Postal Service (PJKP2U).
Quantitative Impacts
PT Angkasa Pura I (Persero) conducted
customer satisfaction assessment in
the effort to evaluate the impacts of
various customer service initiatives
that have been carried out. The
assessment was carried out through
the Customer Satisfaction Index (CSI)
survey involving various parties, such as
passengers, flight crew, airline station
managers, concessionary business
partners, and cargo business partners.
The CSI 2019 survey was carried out by
an independent national institution,
namely Indonesia National Air Carrier
Association (INACA) using a Likert
scale of 1 to 5. The results of the CSI
2019 survey indicated an increase
compared to 2018, which is shown in
detail as follows.

CSI Survey Results at PT Angkasa Pura I (Persero) Airports
Location 2019 Score 2018 Score
Sultan Aji Muhammad Sulaiman Sepinggan Airport - 4,85 4,76

Balikpapan
I Gusti Ngurah Rai Airport - Denpasar 4,81 4,77
Sultan Hasanuddin Airport - Makassar 4,58 4,42
Sam Ratulangi Airport - Manado 4,63 4,58
Syamsudin Noor Airport - Banjarmasin 4,52 4,44
Frans Kaisiepo Airport - Biak 4,50 4,38
Bandara Frans Kaisiepo - Biak 4,42 4,22
Jendral Ahmad Yani Airport - Semarang 4,61 4,35
Lombok Airport - Central Lombok 4,44 4,27
Pattimura Airport - Ambon 4,21 4,22
Juanda Airport - Surabaya 4,63 4,47
Adi Soemarmo Airport,- Boyolali, Surakarta 4,40 4,21
Adisutjipto Airport, Yogyakarta 4,27 4,07
In addition the CSI Survey, the positive impact (Manado), Lombok Airport (Central Lombok),
of responsibility to consumers was also assessed Adi Soemarmo Airport (Surakarta), and El Tari
based on level of airport service quality, namely Airport (Kupang).
through the Airport Service Quality (ASQ) Survey.
This survey was conducted by an independent 34 aspects were assessed in the ASQ Survey,
international institution, namely Airport Council including access to and f rom airports, airport
International (ACI) to ten airports, including facilities, environment, service of officers, and
Juanda Airport (Surabaya), I Gusti Ngurah Rai other aspects related to services to consumers.
Airport (Denpasar), Sultan Hasanuddin Airport The assessment of these aspects was measured
(Makassar), Sultan Airport Aji Muhammad using a Likert Scale f rom 1 (lowest) to 5 (highest).
Sulaiman (Balikpapan), Sam Ratulangi Airport

In general, the results of the ASQ 2019 survey indicated an increase in the quality of airport services
compared to the previous year.
Result of ASQ Survey in PT Angkasa Pura I (Persero) in 2018 and 2019
Location 2019 Score 2018 Score
Sultan Aji Muhammad Sulaiman Sepinggan Airport - 4,97 4,93

Balikpapan
I Gusti Ngurah Rai Airport - Denpasar 4,94 4,92
Sultan Hasanuddin Airport - Makassar 4,80 4,62
Sam Ratulangi Airport - Manado 4,75 4,69
El Tari Airport - Kupang 3,98 3,93
Lombok Airport – Central Lombok 4,42 4,17
Adi Soemarmo Airport – Boyolali, Surakarta 4,29 4,26
Juanda Airport - Surabaya 4,80 4,86
Ahmad Yani Airport - Semarang 4,36 -
Pattimura Airport - Ambon 3.50 -
The most significant increase in the results of the Meanwhile, the development in the terminal
ASQ Survey in 2019 was at Lombok Airport with area includes the construction of the terminal
a score of 4.42, which was higher than the score expansion on the west side to be operated into
in the previous year of 4.17. The increase was an international terminal and the east side into
driven by the efforts made by Lombok Airport in a domestic terminal and the construction of
improving the quality of service and satisfaction additional waiting space for passengers with an
of airport service users as well as the preparation area of 1,087m2 on the 3rd floor of the existing
of Lombok Airport to host an international terminal. This room is equipped with supporting
MotoGP event in 2021. Lombok Airport has facilities, such as toilet and musalla. Further
built service facilities and inf rastructure in development is on the landslide, including
the airside area, including the construction of arrangement of street vendors by providing
apron and parallel taxiways with the addition of trading site, education and appeals in order
eight parking stands for narrow-body aircraft, to be orderly, clean and tidy in running their
the airport currently has 18 parking stands businesses, handling illegal taxis in collaboration
equivalent to the narrow body so that it can with security personnel of the TNI and POLRI
accommodate 22 aircraft movements per hour. followed by appeals to illegal taxi drivers as
their illegal activities disturb the convenience of
airport service users.

Impact of Quality Management on Safety
Throughout 2019, PT Angkasa Pura I (Persero) (in the Scope of Passenger Service Charge (PJP2U),
was able to effectively increase the safety of Aircraft Landing, Parking and Hanggar Services
service users. This is due to the commitment (PJP4U), and Aircraft Cargo and Postal Services
of all personnel and the role of stakeholders in (PJKP2U)) which has gradually improved in the
implementing ISO 9001:2015 Quality Management last few years. This was indicated by a decrease in
System. In addition, dissemination and training on the number of audit findings that occurred from
quality management was also able to improve the year to year.
performance of airport safety services.
The following table shows the number of internal
The impact of quality management on safety can quality audit findings for 2017, 2018 and 2019.
be seen in the results of the Internal Quality Audit
Number of Internal Quality Audit Findings in 2017-2019
Branch DPS UPG SUB BPN JOG BDJ MDC LOP SRG AMQ KOE BIK SOC Total
2019 13 13 12 6 23 8 10 13 11 10 14 10 15 160
2018 6 2 1 17 12 0 11 11 2 7 5 8 2 84
2017 2 6 2 20 19 5 8 13 1 50 5 16 11 158
Based on data, the findings of Internal and in gathering information/audit evidence to

External Quality Audit from each airport,have be compared with the audit criteria in which
increased from year to year, this is because: the overall results are concluded for assessing
1. The scope of the audit increased from 2 scopes the effectiveness of implementing a quality
(PJP2U & PJP4U) to 3 scopes (PJP2U, PJP4U, management system.
and PJKP2U) in 2018/2019. 4. Quality audits are carried out by sampling, the
2. In principle, in the Quality Management more processes being audited allows more
System, the existence of an audit finding nonconformities to be found, it is beneficial to
indicates nonconformity with audit make improvements to work processes and
criteria or opportunities for improvement. the most important matter,is not a decrease
Nonconformity is deviation of audit criteria in the number of findings, but rather the
specified in the ISO 9001: 2015 clause completion or follow-up of findings of existing
supported by objective evidence. The auditor nonconformities The more results of follow-up
must investigate to determine audit criteria on findings of nonconformities whose status is
that are not met and set recommendations for resolved, the better the quality culture.
corrective action on the findings.
3. The more findings do not indicate poor
performance, but this indicates the more
profound the auditor in finding the results of
nonconformity in a work process, the more
frequent audit , and the more skilled auditor

Social and Community Development

PT Angkasa Pura I (Persero) views the community 3. Minister of State-Owned Enterprise Regulation
as an important and influential stakeholder in the No. PER-02/MBU/07/2017 dated 20 July 2017
company’s business sphere. For this reason, the concerning Second Amendment to Minister of
Company is committed to creating harmonious State-Owned Enterprise Regulation No. PER-
relationships with the community and managing 09/MBU/07/2015 concerning Partnership and
direct or indirect impacts due to operational Community Development Program of State-
activities or company policies. This is achieved Owned Enterprise.
through social and community initiatives, 4. Decree of the Board of Directors of PT Angkasa
specifically the Partnership and Community Pura I (Persero) No. KEP.103/KU.13/ 2017
Development Program (PKBL) and other corporate dated 7 August 2017 concerning Guidelines
social responsibility (CSR) activities that are for Implementing the Partnership and
planned, targeted, transparent and sustainable. Community Development Program of PT
Social and community development activities are 5. Decree of the Board of Directors of PT Angkasa
carried out based on the following policies: Pura I (Persero) No. KEP.239/KU.12/ 2017 dated
1. Minister of State-Owned Enterprise Regulation 20 December 2017 concerning Amendment to
No. PER-09/MBU/07/2015 dated 3 July 2015 Decree of the Board of Directors No. KEP.103/
concerning Partnership and Community KU.13/2017 dated 7 August 2017 concerning
Development Program of State-Owned Guidelines for Implementing the Partnership
Enterprise. and Community Development Program of PT
2. Minister of State-Owned Enterprse Regulation Angkasa Pura I (Persero).
No. PER-03/MBU/12/2016 dated 16 December 6. Decree of the Board of Directors of PT Angkasa
2016 concerning Amendment to Minister of Pura I (Persero) No. KEP.238/KU.13/ 2018 dated
State-Owned Enterprise Regulation No. PER- 20 December 2018 concerning Guidelines for
09/MBU/ 07/2015 concerning Partnership and Corporate Social Responsibility (CSR) within PT
Community Development Program of State- Angkasa Pura I (Persero).
Owned Enterprise.

Formulation of Corporate Social Responsibility related to

Social and Community Development
In carrying out social responsibility on social Department, evaluations or reviews conducted by

and community development, PT Angkasa the management team at the branch office of the
Pura I (Persero) carried out the mechanism of work program area, reviewing and submitting the
the Partnership and Community Development Board of Directors approval, to selecting vendors
Program (PKBL) and other community that meet company standards.
empowerment activities. In this case, the
Company carried out the PKBL in accordance Furthermore, in the formulation of PKBL activities,
with the direction of the Ministry of State-Owned PT Angkasa Pura I (Persero) has considered various
Enterprises program and community needs. impacts and risks and opportunities that exist in
the community. Some of these include social
In practice, PT Angkasa Pura I (Persero) engages risk in the provision of loan in the form of bad
the community and other relevant stakeholders loans, which can be mitigated by the system and
in formulating CSR programs in the social sector procedure of granting credit.
through various activities. These include surveys
involving relevant stakeholders such as the Tourism
Department and the local Education and Culture
Planning for Corporate Social Responsibility Activities Related

to Social and Community Development
PT Angkasa Pura I (Persero) has set targets for Department and the Education and Culture
implementing PKBL, including the number of Department as well as implementing partners of
beneficiaries of loans, along with guidance for activities that meet company standards.
them, and the absorption of Assistance Program.
In implementing PKBL, several programs aimed In certain situations, PT Angkasa Pura I (Persero)
at reducing negative impacts on the community has an emergency and/or conflict mechanism
include training program for residents affected related to community relations through the
by the construction of Yogyakarta International Angkasa Pura contact center 172.
Airport.
Throughout 2019, PT Angkasa Pura I (Persero)
Furthermore, several activities were planned has allocated funding for the Partnership and
during 2019 with the aim of building social capital Community Development Program amounting to
and community independence. The activities Rp70,164,579,500. The featured programs in 2019
included the distribution of partnership program included the following:
funds for Putat Patuk Gunung Kidul Village, a. Mobile Health Service
especially in the industrial and trade sectors to Mobile Health Service has been the leading
improve the economic performance of local program of PT Angkasa Pura I (Persero)
community. since 2012. As of 2019, 12 Branch Offices have
implemented the program. This program
In implementing these activities, PT Angkasa offers free health services for residents around
Pura I (Persero) sought to generate mutual the work area, especially for villages located
benefits between the Company and stakeholders, far from local health facilities. The target
especially local Governments such as the Tourism beneficiaries of this program are pregnant

women, infants and toddlers. However, general adequate toilet facilities. PT Angkasa Pura I
patients may also avail the services provided. (Persero) collaborated with PT Angkasa Pura
In this regard, PT Angkasa Pura I (Persero) Property in constructing the public toilets.
cooperates with the local health office, wherein The realization costs incurred for this program
services are provided with the assistance of amounted to Rp 3,980,313,000.
the local health center. This program was
conducted in several villages around the c. Diploma III Scholarship on a Concentration of
work area in turn in accordance with the pre- Airports
determined schedule. An ambulance unit was The provision of scholarships is a new flagship
also available to facilitate the transportation program in 2019. PT Angkasa Pura I (Persero)
of patients requiring special treatment to the provided full scholarships to 30 selected
nearest hospital. During 2019, a total of 1,395 students to undergo Diploma III education
pregnant women, 10,868 infants/ toddlers, and with a concentration of airports. In its
12,675 general patients received health services implementation, PT Angkasa Pura I (Persero)
from the Mobile Health Services program. In collaborated with University of Mataram
addition to providing free medical treatment, Lombok and English First for English language
food packets were also distributed for toddlers training. In addition to providing scholarships,
and pregnant women. The realization costs PT Angkasa Pura I (Persero) also cooperated
incured for the Mobile Health Services with the Indonesian military (TNI) to foster a
program in 2019 amounted to Rp 3,180,181,009. sense of discipline in students. The provision
of scholarships and support is expected to
b. Public Toilets at Tourist Destinations produce high quality youths who are not only
Another leading program was the construction highly capable but also responsible.
of toilets at tourist destinations around the
work area of PT Angkasa Pura I (Persero). To participate in this program, prospective
During 2019, public toilets has constructed students who applied had to undergo three
public toilets at six tourist destinations, namely: selection stages, namely, administrative,
• Lasiana Beach, Kupang psychological test, health check and interview.
• Pulisan Beach, North Minahasa In 2019, of the 66 prospective students who
• Pengger Pine Forest, Yogyakarta applied, 29 students passed the selection stage
• Taru Jurug Wildlife Park, Surakarta and were entitled to receive scholarships. The
• Parking Area Besakih Temple, Bali participants were high school and vocational
• Batimurung Park, Maros high school students who were recommended
by their respective schools through the local
This program is expected to increase the Education Department. In its implementation,
number of tourist visits to the tourist sites, students also receive accommodation facilities
because public toilet facilities are vital to at the Selaparang training center, Lombok.
ensuring tourist comfort. In its implementation, The realization costs incurred for this program
PT Angkasa Pura I (Persero) coordinated with amounted to Rp 1,692,024,877.
the Tourism Department in the selection
of tourist sites to be provided with public
toilet facilities, namely sites with a relatively
high number of visits but as yet do not have

d. Digital Library d. BUMN Hadir Untuk Negeri (SOE’s Serving

In keeping with the latest developments of the Nation)
the digital age, PT Angkasa Pura I (Persero) The ‘BUMN Hadir Untuk Negeri’ (SOE’s Serving
has taken the initiative to establish a Digital the Nation) is a program of the Ministry of
Library to increase public interest in reading. SOEs. To ensure that this activity was carried
This program provides free access to a website out properly and on target, the Ministry of SOEs
containing e-books for general readers, youth, divided the 74th anniversary of Indonesian
children and classical literature as well as celebrations into 34 provinces, each led by a SOE
curriculum books for primary, middle and in-charge and assisted by a deputy SOE.
high schools. In addition to e-books, audio
books and educational films are also available. For the 74th Anniversary of Indonesian
The digital library facilities are planned to be Independence Day celebrations in Central
installed in public zones around the work Java Province, PT Angkasa Pura I (Persero) was
areas. In 2019, digital library facilities were appointed as the SOE in-charge assisted by
installed in three areas around PT Angkasa several deputies, namely PT Kawasan Industri
Pura I (Persero) branch offices, namely: Wijayakusuma (Persero), PT Perkebunan
• Adisutjipto Airport Branch Office: Nusantara IX, and PT Perkebunan Nusantara X.
Cinarito reading park, Nologaten Village Furthermore, the series of “SOE’s Serving the
Ambarukmo Nation” programs conducted by PT Angkasa
• Syamsudin Noor Airport Branch Office: Pura I (Persero) in 2019 were as follows:
Community Learning Activity Center • Students Get Acquinted with The
(PKBM) Kuranji complex, Banjarbaru City Archipelago
• SAMS Airport Branch Office Balikpapan: • Home Electrification
Rumah Pintar Sepinggan Raya. • Home assistance
• Nataru
People who want to read e-books and listen • Safari Ramadan.
to audio books only need to visit the areas
that are fitted with digital library facilities The realization costs incurred for the ‘SOE’s
and may also connect their mobile phones/ Serving the Nation’ program in 2019 amounted
tablets/ computers. PT Angkasa Pura I (Persero) to Rp 4.893.218.922.
collaborated with Balai Pustaka as the provider
of e-book facilities and content for this program.
The realization costs incurred for this program
in 2019 amounted to Rp 353,620,000.

Description of the Implementation of The executioan and management of PKBL funds

Corporate Social Responsibility Activities at the Head Office are under the responsibility
on Social and Community Development of the Vice President of Corporate Social
Partnership and Community Development Responsibility, assisted directly by the Corporate
Program Management Structure Social Responsibility Cooperation Senior Manager
The PKBL management organization is in the and Corporate Social Environment Senior
Corporate Social Responsibility Unit following the Manager. The management of PKBL funds at
Decree of the Board of Directors of PT Angkasa large airports branch offices is arried out by the
Pura I (Persero) number KEP.101 / OM.01.01 / 2018. CSR Manager who is responsible for the Shared
The unit is directly responsible to the Director of Services Senior Manager. The management of
Human Resources and General Affairs. PKBL funds in other Branch Offices is carried out
by the Manager in charge of Human Capital under
the responsibility of the Senior Manager in charge
of Shared Services.
Organizational Structure of Partnership and Community Development Program in PT Angkasa Pura I (Persero)
Human Capital and

General Affairs Director
VP Corporate
Social Responsibility
CSR Cooperation CSR Environment

Senior Manager enior Manager
Involvement of Management and Stakeholders to bring about economic independence for the
Implementation of corporate social responsibility community, generate income and employment
activities related to social and community for community members.
development was carried out in a strategic manner a. Disbursement of Partnership Program Funds
and involved key stakeholders. Within PT Angkasa PT Angkasa Pura I (Persero) provide funding
Pura I (Persero), top management, namely the for the Partnership Program on a non-
Board of Directors and the Board of Commissioners commercial basis for small businesses. The
were involved in reviewing and discussing PKBL mechanism for fund disbursement is based
Report in a Joint Meeting of the Board of Directors on assessment of fulfillment of requirements,
and the Board of Commissioners. installment provisions adjusted to the
capacity of the business, and the need for
Partnership Program mentoring the businesses. The realization of
The Partnership Program aims to channel partnership program fund disbursement has
partnership loans for working capital and been effective in achieving targets, namely as
investment for small businesses run by the local follows:
community. The partnership loans are expected

Number of Partnership Program Loans Disbursements in 2017-2019
Disbursement Cumulative Disbursement

Year
Number of Partners Value (Rp) Number of Partners Value (Rp)
2019 513 23,091,500 14,212 413,012,749
2018 435 26,517,500 13,699 389,921,250
2017 560 26,887,000 13,264 363,403,750
Based on the distribution of fostered partners per the plantation sector amounting to Rp 2,763,250.
business sector, the largest loan funds disbursed to Details of the loan disbursement per business
the trade sector amounting to Rp 174,946,696. On sector as of 31 December 2019 can be seen in the
the other hand, the lowest loan funds disbursed to following table.
Amount of Loan Disbursement of Partnership Program Based on Business Sector in 2019
Realization of Realization of
Accumulation up to 2018 Realization in 2019 (Rp) Accumulation up to 2019
(Rp) (Rp)
Fostered Partners
Business Sector
Number Number Number
of Value (Rp) of Value (Rp) of Value (Rp)
Partners Partners Partners
Industry 3.341 98,784,762 142 6,688,500 3,483 105,473,262
Trade 6.551 174,946,696 227 10,655,000 6,778 185,601,696
Agriculture 155 14,060,866 5 335,000 160 14,395,866
Animal Husbandry 350 8,548,342 20 750,000 370 9,298,342
Plantation 97 2,763,250 27 745,000 124 3,508,250
Fisheries 136 3,633,500 11 490,000 147 4,123,500
Service 2.894 83,195,833 80 3,420,000 2,974 86,615,833
Other sectors 175 3,988,000 1 8,000,000 176 3,996,000
Total 13.699 389,921,250 513 23,091,500 14,212 413,012,749
Furthermore, with respect to disbursement of program fund was also disbursed in South Sulawesi
Partnership Program funds by region, the highest amounting to Rp 36,746,250 for 1,420 fostered
fund disbursement was in East Java amounting partners and in East Kalimantan amounting to Rp
to Rp 49,300,346 for 1,435 fostered partners. The 35,971,500 for 1,027 fostered partners. Java and Bali
second highest fund disbursement was in Bali remains the biggest targets because most of the
amounting to Rp 47,820,750 and Yogyakarta population and business operators are on these
amounting to Rp 40,594,950. In addition to East two islands.
Java and Bali, a large amount of parnership

Based on the distribution of fostered partners by region, loan funds disbursed as of 31 December 2019 were
as follows:
Amount of Loan Disbursement of Partnership Program Based on Regions in 2019
Accumulation up to 2018 Realization in 2019 (Rp) Accumulation up to 2019
Fostered Partners (Rp) (Rp)
Business Sector Number Number Number
of Value (Rp) of Value (Rp) of Value (Rp)
Partners Partners Partners
Special Capital Region of 417 23,443,000 n/a n/a 417 23,443,000

Jakarta
Bali 1,679 47,820,750 67 2.435.000 1,746 50,255,750
East Java 1,435 49,300,346 52 3,040,000 1,487 52,340,346
South Sulawesi 1,420 36,746,250 38 1,395,000 1,458 38,141,250
East Kalimantan 1,027 35,971,500 45 2,340,000 1,072 38,311,500
Papua 569 9,221,500 5 230,000 574 9,451,500
North Sulawesi 830 22,115,750 40 1,795,000 870 23,910,750
Yogyakarta 1,110 40,594,950 52 2,360,000 1,162 42,954,950
Central Java (Solo) 747 21,687,250 31 1,660,000 778 23,347,250
South Kalimantan 1,286 28,425,250 75 2,326,500 1,361 30,751,750
Central Java (Semarang) 830 23,838,512 31 1,805,000 861 25,643,512
West Nusa Tenggara 1,214 29,873,250 47 2,380,000 1,261 32,253,250
Maluku 211 3,553,000 12 405,000 223 3,958,000
East Nusa Tenggara 924 17,329,942 18 920,000 942 18,249,941
Total 13,699 389,921,250 513 23,091,500 14,212 413,012,749
a. Coaching Grants the company collaborates with universities and

The provision of coaching grants is one of other institutions competent in developing
the derivative activities of the Partnership entrepreneurship science.
Program as regulated in Minister of State-
Owned Enterprise Regulation No. PER- Until 2019, training program for fostered
03/MBU/12/2016 dated 16 December 2016 partners carried out by PT Angkasa Pura I
concerning Amendment to Minister of State- (Persero) included Entrepreneurship & Creative
Owned Enterprise Regulation No. PER-09/ Marketing Training, Fostered Partner Training,
MBU/07/2015 concerning Partnership and Meatballs Making Training, Skill Management
Community Development Program of State- of Fostered Partners , Basic Training for
Owned Enterprises. Business Development of Fostered Partners
, Entrepreneurship Training ,and Training of
PT Angkasa Pura I (Persero) provided coaching Fostered Partners.
grants in the form of education, training,
internship, marketing, promotion, and other On the other hand, PT Angkasa Pura I (Persero)
programs to improve productivity among provides opportunities for fostered partners
fostered partners on an ongoing basis. To from various regions to exchange knowledge
conduct training program for fostered partners, and business experience with fostered partners

from other regions through internship program SME Festival, Borneo Fair Exhibition, and 34th
every year. Throughout 2019, internship Trade Expo Exhibition, the participation of Sam
program has been carried out consisting of Ratulangi Airport - Manado fostered partners in
exchanging experiences of fostered partners. TIFF Exhibition, and Manado Fiesta Exhibition,
the participation of Adi Soemarmo Airport -
In addition to providing training, education Solo fostered partners in BHUN Solo Fostered
and internship opportunities to the fostered Partner Exhibition, Nusantara Superior Fabric
partners, PT Angkasa Pura I (Persero) also Exhibition, Yogya Inafact Exhibition, and
promotes products and services provided by Solo Craft Indo Exhibition, the participation
the fostered partners through catalog books of Syamsudin Noor Airport - Banjarmasjin
and exhibitions at home and abroad. fostered partnets in the South Kalimantan Expo
Exhibition, the participation of Jenderal Ahmad
Throughout 2019, PT Angkasa Pura I (Persero) Yani Airport - Semarang fostered partners in
has included I Gusti Ngurah Rai Airport – Bali the Central Java Expo Dekranasda Exhibition,
fostered partners in Pesta Rakyat Nusantara, as well as the participation of Lombok Praya
the participation of Juanda Airport - Surabaya International Airport fostered partners in the
fostered partners in Pameran Festival Merdeka NTB Expo Exhibition.
Pertamina BHUN, East Java Fair Exhibition, and
Batik Fashion Fair Exhibition, the participation In addition to the exhibitions above, several
of Sultan Hasanuddin Airport - Makassar exhibition programs were participated by several
fostered partners in South Sulawesi Exhibition branch offices, namely the Inacraft Exhibition
Fair, Makassar Expo Exhibition, and Nusantara and the Batam Inafact Exhibition. Promotion
Day Exhibition, the participation of SAMS of the exhibition was also carried out overseas
Sepinggan Airport - Balikpapan fostered at the Daebak Indonesia Festival Exhibition in
partner in Balikpapan Fair Exhibition, Gebyar South Korea participated by Adisutjipto Airport
UKM, Mathilda Fest Exhibition, East Kalimantan - Yogyakarta fostered partners.
Coaching Grants Disbursement to Fostered Partners of PT Angkasa Pura I (Persero)
Value (Rp)
Coaching Type
2019 2018 2017
Training 474,091,866 749,062,600 868,685,000
Exhibition 1,327,389,276 2,167,911,866 154,208,000
Internship 130,828,000 134,804,132 1,740,377,000
Grants to Special SOEs* 2,000,000,000 (-) (-)
Total 3,852,959,000 3,051,778,598 2,763,270,000

*Distributed as a partnership loan through PT PNM to 856 PNM Mekar businesses in Bali, Surabaya and Balikpapan
Community Development Program

Company’s commitment in improving the a. Assistance for natural disaster victims;
quality of life of community’s social environment b. Education and/or training assistance;
is manifested in the implementation of c. Community health improvement assistance;
Community Development Program.. Since 1992, d. Public facility and infrastructure development
the implementation of Community Development assistance;
Program covers strategic and responsive programs, e. Religious facilities assistance;
consisting of: f. Nature conservation assiatance; and
g. Social assistance.
a. Assistance For Natural Disaster Victims Until 2019, PT Angkasa Pura I (Persero) had
In order to alleviate the burden of people disbursed health care assistance amounting
affected by natural disaster, PT Angkasa Pura to Rp 30,517,932,999, while in 2019 alone the
I (Persero) activelyt provides assistance for assistance reached Rp 4,899,194,549. The
victims of natural disasters, such as flood, assistance was realized in the form of several
fire, landslide, earthquake, volcanic eruption, activities such as mobile health services,
and so on. Until 2019, PT Angkasa Pura I mass circumcision program, cataract surgery,
(Persero) has distributed funds amounting free medical treatment, community service,
to Rp8,157,300,324 for natural disaster victims facilities and infrastructure assistance in
various regions in Indonesia. In 2019 alone, health agencies, and construction of health
PT Angkaa Pura I (Persero) has distributed facilities around business area of PT Angkasa
Rp317,898,000 for earthquake victim in North Pura I (Persero).
Maluku and Ambon, natural disaster victims
in Bantul, flood victims in Manado, Maros, d. Public Facilities and Infrastructure
Sentani, and Samarinda and clean water Development Assistance
assistance in Yogyakarta. PT Angkasa Pura I (Persero) supports the
Ministry of SOE program to assist villages
b. Education Assistance through the development of public facilities
The education assistance program of PT and infrastructure. This type of assistance
Angkasa Pura I (Persero) includes formal is regularly carried out by PT Angkasa
education facilities for students as well as Pura I (Persero). Until 2019, the company
informal education related to entrepreneurial has disbursed funds amounting to Rp
skills for the wider community. 50,939,569,649 in this sector, while the costs
incurred specifically in 2019 amounted to Rp
Until 2019, education assistance funds 10,463,197,368. Some assistances in public
disbursed by PT Angkasa Pura I (Persero) facility and infrastructure sector in 2019 include
amounted to Rp54,392,495,282, while in house renovation assistance, operational
2019, PT Angkasa Pura I (Persero) disbursed vehicle assistance in the traditional village
funds amounting to Rp7,383,864,054 for of Bali, procurement of clean water facilities,
the education sector. The assistance was assistance for waste processing facilities and
realized through scholarship assistance, infrastructure, construction of supporting
school equipment and supplies, infrastructure facilities, construction/renovation of social
for teaching and learning activities, school agencies, construction of public restroom
construction/renovation assistance, training in the tourist area around the airport, as well
assistance to the community, and digital as assistance in the construction of tourism
library assistance in Balikpapan, Yogyakarta, supporting facilities around the working area
Banjarmasin and Kupang. of PT Angkasa Pura I (Persero).
c. Health Care Assistance

Since 2012, PT Angkasa Pura I (Persero) has
focused on providing assistance on health for
mothers and toddlers with the motto “Healthy
Moms & Kids, Strong Nation”. To support the
assistance for community health, PT Angkasa
Pura I (Persero) launched Mobile Health Care
Service Program that benefited not only
mothers and toddlers, but also the public who
require assistance in the health sector.

e. Assistance for Religious Facilities g. Social Assistance

In providing community assistance, PT Social assistance represents a variety of
Angkasa Pura I (Persero) also takes into activities carried out by PT Angkasa Pura
account the community needs, including the I (Persero) to help community residing
need for adequate and comfortable religious around the working area, especially for
facilities. In order to improve public facility, poverty alleviation. Until 2019, the Company
until 2019 the total assistance distributed by PT has disbursed funds amounting to Rp
Angkasa Pura I (Persero) in this sector reached 31,389,206,254 for social assistance, while in
Rp45,336,405,910. The Company provided 2019 alone social assistance that has been
assistance amounting to Rp 6,522,727,042 for provided amounted to Rp 9.48,178,560. Social
the construction and renovation of religious assistance activities were carried out by PT
facilities around the Company’s working area Angkasa Pura I (Persero) in 2019 in the form
in 2019. of free basic supplies, construction of social
support facilities, ‘SOE’s Serving the Nation’
It is expected that the assistance program activities in Boyolali, development of tourist
would raise the awareness of the community destination, as well as infrastructure and
not only to the business relations sector, facilities assistance and training to MSME
but also the presence of PT Angkasa Pura I actors around the work area PT Angkasa Pura
(Persero). I (Persero).
f. Conservation Program h. Disbursement of Community Development

PT Angkasa Pura I (Persero) realizes that Fund
airport operations have direct and indirect In general, the fund disbursed by PT
impacts on the environment, ranging from Angkasa Pura I (Persero) for the Community
air pollution, noise, to widespread conversion Development Program is presented in the
in land use. For this reason, the Company following table:
needs to contribute back to conservation,
especially in the areas around airports and
surrounding communities. Assistance for
nature conservation until 2019 amounted to
Rp 616,125,000, while assistance during 2019
amounted to Rp 6,787,199. Nature conservation
activities in 2019 include planting mangroves,
transplanting coral reefs, supplying pots and
trembesi trees, constructing tourism facilities,
and other conservation assistance.
Community Development Fund Disbursement in 2019
Realization in 2019
Assistance Type Accumulation Until 2018 Accumulation Until 2019
(thousand rupiah)
(thousand rupiah) (thousand rupiah)
Natural Disaster 7,839,402 317,898 8,157,300
Education and Training 47,013,631 7,378,864 54,392,495
Education and Training 25,618,738 4,899,194 30,517,932
Public Facilities 40,476,372 10,463,197 50,939,569

Community Development Fund Disbursement in 2019
Realization in 2019
Assistance Type Accumulation Until 2018 Accumulation Until 2019
(thousand rupiah)
(thousand rupiah) (thousand rupiah)
Religious Facilities 38,813,678 6,522,727 45,336,405
Natural Conservation 6,171,074 616,125 6,787,199
Sosial Assistance 21,931,028 9,458,178 31,389,206
Coaching Grants 2,577,954 - 2,577,954
BUMN Peduli 10,428,992 - 10,428,992
Total 200,870,872 39,656,183 240,527,056
i. Fostered Village
Since 2010, PT Angkasa Pura I (Persero) the community in Bobung Village in industry
has developed Bobung Village, Patuk Sub- and trade sectors. Financial assistance for
District, Gunung Kidul Regency to improve the target village was disbursed through the
the economic welfare of the local community Partnership Program to support the business
and develop the potential of the villagel. Until activities of the community who generally
2019, the assistance provided by PT Angkasa work as batik and wood artisans. Details of the
Pura I (Persero) to Bobung Village amounted funds provided for the partnership program
to Rp Rp3.675.000.000 while in 2019 alone the in Bobung Village in each sector from 2010 to
assistance reached Rp210.000.000. Most of 2019 are as follows.
the funds provided in 2019 was used to assist
Amount of Fund Disbursement for Fostered Village of Bobung During 2010-2019
Sector Total (Rp) Fostered Partner Advanced Fostered Partner
Industry 2,805,000,000 70 20
Service 130,000,000 4 1
Trade 615,000,000 11 2
Fisheries 25,000,000 1 -
Animal Husbandry 100,000,000 3 -
Total 3,675,000,000 89 23
i. SOE’s Serving the Nation Program

Every year, PT Angkasa Pura I (Persero) actively with other SOEs, namely PT Kawasan Industri
participates in supporting the ‘SOE’s Serving Wijayakusuma (Persero), PT Perkebunan
the Nation’ program. In 2019, this program Nusantara IX, and PT Perkebunan Nusantara
covered the implementation of the ‘Students X in carrying out the ‘SOE’s Serving the Nation’
Get Acquinted With The Archipelago’ program program in 2019. Total realization of ‘SOE’s
and the ‘Basic Needs Fulfillment’ program. Serving the Nation’ fund in 2019 amounted to
PT Angkasa Pura I (Persero) collaborated Rp 3,450,000,000 with the following details:

SOE Composition of Contribution (Rp)
PT Angkasa Pura I (Persero) 2,950,000,000
PT Kawasan Industri Wijayakusuma 250,000,000
PT Perkebunan Nusantara IX 0
PT Perkebunan Nusantara X 250,000,000
Total 3,450,000,000
STUDENTS GET ACQUINTED WITH THE BASIC NEEDS FULFILLMENT OF THE COMMUNITY
ARCHIPELAGO PT Angkasa Pura I (Persero) is fully concern with
The ‘Students Get Acquinted With The Archipelago’ the basic needs of community in accordance with
program is a fixed program in the series of ‘SOE’s the SOE’s Serving the Nation’ program. In 2019, PT
Serving the Nation’ programs carried out every Angkasa Pura I (Persero) conducted electrification
year. Selection for this program was carried out and toilet construction, clean water assistance,
in July 2019 in Semarang where 20 outstanding housing renovation, scholarships, and others. All
students from high schools/ vocational high of these activities were carried by the Company
schools and 3 students with special needs from as its contribution to the community and efforts
special schools were recruited in the Central to improve the community’s surrounding
Java Province. The program included a student environment.
exchange program at North Sulawesi province to
receive training related to journalism, defending
the Nation, to the introduction of culture and art.
Realization of costs incurred in conducting the
‘Student Get Acquinted With The Archipelago’
program in 2019 amounted to Rp 952,541,473.

Assistance to Meet the Basic Needs of the Community in 2019
Activity Realization of Fund (Rp)
Electrification and Toilets 894,351,000
Clean Water Assistance 223,000,000
Employee and Community House Renovation Assistance 1,188,604,000
Scholarships 250,000,000
Fair Price Market 795,722,450
Republic of Indonesia Anniversary Ceremony (Ceremonial 865,778,550

Fund)
5 Km Walk (Ceremonial Fund) 950,818,000
Other Community CSR Assistance

In addition to Partnership Program and Company budgeted for Other Social CSR funds
Community Development Program above, PT amounted to Rp 20,269,106,556 and has realized a
Angkasa Pura I (Persero) also conducted other budget of Rp 12,640,703,852. Realization of the cost
CSR assistance in 2019 as adjusted to the latest of other community CSR activities in 2019 includes
conditions and needs of the community. In the the following:
Company Work Plan & Budget (RKAP) 2019, the
Assistance to Meet the Basic Needs of the Community in 2019
Activity Name Realization of Fund (Rp)
Free Homecoming Program 3,911,883,870
BTT, Cargo and Ticketing Training 458,968,601
Palliative Training 125,000,000
Electrification at NTT 138,000,000
BHUN Foundation 1,000,000,000
Mushroom and Eel Cultivation Training 139,518,600
Scholarships for residents affected by Yogyakarta International Airport – 446,112,500

Kulon Progo construction
Assistance for natural disaster victims (Tsunami in Banten & Earthquake in 222,557,700
North Sulawesi)
Energy-Saving Furnace Program 481,248,789
Counter construction of Dekranasda Bali as fostered partner 156,950,000
Other Assistance 5,560,463,792
Total CSR Assistance 12,640,703,852

PT Angkasa Pura I (Persero) prepares budget funds from revolving funds related to the amount of
for corporate responsibility activities in the social credit returned by the debtors, while funds for
sector into three categories, namely Partnership the Community Development Program Expense
Program Expense, Community Development and CSR Expenses are obtained from the budget
Program Expense and CSR Expense. Funds for allocated by the Company.
the Partnership Program Expense are obtained
Partnership and Community Development Program and CSR Expenses in 2019
Description Budget in 2019 (Rp)
Partnership Program Expense 30,502,936,000
Community Development Program Expense 39,661,643,500
CSR Expense 20,269,106,557
Total 90,433,686,057
Description of Achievement of Corporate • Enhance the competencies of the

Social Responsibility in Social and community, especially in the field of
Community Development entrepreneurship and other professions,
Benefits for Stakeholders and the Company for example security training at Yogyakarta
Through its various approaches, the Partnership International Airport, mechanical training
and Community Development Program has at Jenderal Ahmad Yani International
been able to increase the living standards of Airport in Semarang, etc.
communities surrounding the Company’s work • Improve the quality of public and social
areas. The Partnership Program has been able to facilities for the community.
improve the economic activities of the community,
especially small businesses in developing their 2. Benefits for Students
businesses so that they have a higher level of • Foster and develop the youth to be smart
economic capability. On the other hand, the and responsible.
Community Development Program has assisted
the community to fulfill their basic living needs, 3. Benefits for PT Angkasa Pura I (Persero)
either in terms of clothing, food, shelter and • Implement synergies between SOEs in
individual capacity improvement through various CSR activities as a responsibility to the
other educational and social empowerment shareholders
programs. The Social Responsibility Program • Expand networks directly with other
implemented by PT Angkasa Pura I (Persero) is agencies, including Tourism Department,
expected to provide benefits to stakeholders as Health Department, Education
follows: Department, PT Jasa Raharja (Persero),
1. Benefits for the Community and other agencies.
• Help improve the standard of living of • Build positive communication with
communities, especially people of the airport service users and beneficiaries
middle to lower economic status of the Partnership and Community
Development Program.

Benefits for Sustainable Development Awards

As a State-Owned Enterprise, PT Angkasa Due to the effective implementation of corporate
Pura I (Persero) seeks to implement social responsibility activities in social development
responsibility activities in synergy with the from year to year, PT Angkasa Pura I (Persero)
Sustainable Development Goals (SDGs) adopted has received various awards and appreciations
by the Government of Indonesia. Based on the from several institutions. This achievement is
accumulated realization, the largest portion of a motivation for PT Angkasa Pura I (Persero) to
social responsibility costs disbursed by PT Angkasa continue to provide positive contributions and
Pura I have been on education. In addition, the benefits to the surrounding community.
Company also contributed to the Sustainable
Development Goal Number 4, namely Ensuring The awards received by PT Angkasa Pura I (Persero)
Inclusive and Quality Education. in 2019 can be seen in the following table:
Award Organizer
Denpasar CSR (DCSR) Award 2018-2019 Mayor of Denpasar
Best Community Empowerment (Balkondes Bigaran) Manajemen CBT Nusantara
ICSB Indonesia Presidential Award in the Business Practitioner International Council for Small Business (ICSB)
category Indonesia


OJK Reference
No. 29/POJK.04/2016
Criteria Description Page
I Summary of Important Financial Data
1 Annual Report should be presented in the printed format and in electronic document copy. √
2 The printed version of the Annual Report should be printed on light-colored paper of line quality, in A4 size, √
bound and can be reproduced in good quality.
3 The Annual Report presented in electronic document format is the Annual Report converted into pdf √
format.
II Content of Annual Report
1 General Provision
a Annual Report should contain at 1. Summary of key financial information; 14

least the following information:
2. Stock information (if any); 20 – 23
3. The Board of Directors report; 29 – 33
4. The Board of Commissioners report; 25 – 28
5. Profile of Issuer or Public Company; 36 – 170
6. Management discussion and analysis; 170 – 259
7. Corporate governance applied by the Issuer or Public Company; 260 – 403
8. Corporate social and environmental responsibility of the Issuer or 216 - 227

Public Company;
9. Audited annual report; and 484
10. Statement that the Board of Directors and the Board of 482 - 483
Commissioners are fully responsible for the Annual Report.
b Annual Report may present the information in form of images, charts, tables, and diagrams are presented √
by mentioning the title and/or clear description, that is easy to read and be understood.
2 Description of Content of Annual Report
a Summary of Key Financial Summary of Key Financial Information contains financial information
Information presented in comparison with previous 3 (three) fiscal years or since
commencement of business if the issuers or the Public Company
commencing the business less than 3 (three) years, at least contain:
1. Income/sales; 16
2. Gross profit; 16
3. Profit (loss); 16
4. Total profit (loss) attributable to equity holders of the parent 17

entity and non-controlling interest;
5. Total comprehensive profit (loss); 16
6. Total comprehensive profit (loss) attributable to equity holders of 17

the parent entity and non- controlling interest;
7. Earning (loss) per share; 17
8. Total assets; 14

9. Total liabilities; 15
10. Total equities; 15
11. Profit (loss) to total assets ratio; 17
12. Profit (loss) to equities ratio; 17
13. Profit (loss) to income ratio; 17
14. Current ratio; 17
15. Liabilities to equities ratio; 18
16. Liabilities to total assets ratio; and 18
17. Other information and financial ratios relevant to the Issuer or 18 - 19

Public Company and type of industry.
b Stock information Stock information (if any) contains at least: 20
1. Shares issued for each three-month period in the last 2 (two) No listing of
fiscal years (if any), at least covering: shares
a Number if outstanding shares; No listing of

shares
b Market capitalization based on the price at the Stock No listing of

Exchange where the shares listed on; shares
c Highest share price, lowest share price, closing share price at No listing of
the Stock Exchange where the shares listed on; and shares
d Share volume at the Stock Exchange where the shares listed No listing of
on. shares
2. In the event of corporate actions, including stock split, reverse 20

stock, dividend, bonus share, and change in par value of shares,
then the share price referred to in point (1), should be added with
explanation on:
a Date of corporate action; No

corporate
action
b Stock split ratio, reverse stock, dividend, bonus shares, and No

change in par value of shares; corporate
action
c Number of outstanding shares prior to and after corporate No

action; and corporate
action
d Share price prior to and after corporate action. No

corporate
action
3. In the event that the company’s shares were suspended and/ No

or delisted from trading during the year under review, then the suspension/
Issuers or Public Company should provide explanation on the delisting
reason for the suspension and/or delisting; and
4. In the event that the suspension and/or delisting as referred to No

in point 3) was still in effect until the date of the Annual Report, suspension/
then the Issuer or the Public Company should also explain delisting
the corporate actions taken by the company on resolving the
suspension and/or delisting.

c The Board of Directors The Board of Directors Report should at least contain the following items: 29-33
Report
1. The performance of the Issuer or Public Company, at least covering:
a Strategy and strategic policies of the Issuer or Public Company; 30 - 31
b Comparison between achievement of results and targets; and 31
c Challenges faced by the Issuer or Public Company; 31
2. Description on business prospects; 32
3. Implementation of good corporate governance by Issuer or Public Company; 32

and
4. Changes in the composition of the Board of Directors and the reason behind (if 33
any).
d Laporan direksi The Board of Commissioners Report should at least contain the following items: 25-28
1. Assessment on the performance of the Board of Directors in managing the 26

Issuer or the Public Company;
2. Supervision on the implementation of the strategy of the Issuer or Public 26

Company;
3. View on the business prospects of the Issuer or Public Company as established 27

by the Board of Directors;
4. View on implementation of the corporate governance by the Issuer or Public 28

Company;
5. Changes in the composition of the Board of Commissioners and the reason 28

behind (if any); and
6. The frequency and procedure of providing advice to members of the Board of 27

Directors.
e Profile of the Issuer or Profile of the Issuer or Public Company should cover at least: 36 – 170
Public Company
1. Name of Issuer or Public Company, including change of name, reason of 36
change, and the effective date of the change of name during the year under
review;
2. Access to Issuer or Public Company, including branch office or representative

office, where public can have access of information of the Issuer or Public
Company, which include;
a Address; 37
167 - 169
b Telephone number; 37
167 - 169
c Facsimile number; 37
167 - 169
d e-mail address; and 37

167 - 169
e Website address; 37
167 - 169
3. Brief history of the Issuer or Public Company; 39 - 41
4. Vision and mission of the Issuer or Public Company; 49 - 50
5. Line of business according to the latest Articles of Association, and types of 51 - 52

products and/or services produced;
6. Structure of organization of the Issuer or Public Company in chart form, at 66 - 67

least 1 (one) level below the Board of Directors, with the names and titles;

7. The Board of Directors profiles include;
a Name and short description of duties and functions; 74 - 81
b Latest photograph; 74 - 81
c Age; 74 - 81
d Citizenship; 74 - 81
e Education; 74 - 81
f History position, covering information on: 74 - 81
1. Legal basis of appointment as member of the Board of 74 - 81

Directors to the said Issuer or Public Company;
2. Dual position, as member of the Board of Directors, 74 - 81

member of the Board of Commissioners, and/or member
of committee, and other position (if any); and
3. Working experience and period in and outside the Issuer 74 - 81

or Public Company;
g Competency enhancement education and/or training 159

program for member of the Board of Directors during the
year under review (if any); and
h Disclosure of affiliation with other members of the Board 340

of Directors, members of the Board of Commissioners, and
major shareholders (if any) including name of the affiliated
party;
8. The Board of Commissioners profiles, at least include;
a Name; 68 – 73
b Latest photograph; 68 – 73
c Age; 68 – 73
d Citizenship; 68 – 73
e Education; 68 – 73
f History position, covering information on: 68 – 73
1. Legal basis for the appointment as member of the Board 68 – 73

of Commissioners who is not Independent Commissioner
at the said Issuer or Public Company;
2. Legal basis for the first appointment as member of 68 – 73

the Board of Commissioners who also Independent
Commissioner at the said Issuer or Public Company;
3. Dual position, as member of the Board of Commissioners, 68 – 73

member of the Board of Directors, and/or member of
committee and other position (if any); and
4. Working experience and period in and outside the Issuer 68 – 73

or Public Company;
g. Competency enhancement education and/or training 158

program for member of the Board of Commissioner during
the year under review (if any);

h Affiliation with other members of the Board of Commissioners, and 339

major shareholders (if any) including name of the affiliated party; and
i Statement of independence of Independent Commissioners in the event 298

that the Independent Commissioner has been appointed more than 2
(two) periods (if any).
9. In the event that there were changes in the composition of the Board of √
Commissioners and/or the Board of Directors occurring between the period
after year-end until the date the Annual Report submitted, then the last and
the previous composition of the Board of Commissioners and/or the Board
of Directors shall be stated in the Annual Report;
10. Number of employees and description of distribution of education level and 95 - 100
age of the employee in the year under review;
11. Names of shareholders and ownership percentage at the end of the fiscal
year. Including:
a Shareholders having 5% (five percent) or more shares of Issuer or Public 101

Company;
b Commissioners and Directors who own shares of the Issuer or Public 101
Company; and
c Groups of public shareholders, or groups of shareholders, each with less 101

than 5% (five percent) ownership shares of the Issuer or Public Company;
12. Number of shareholders and ownership percentage at the end of the fiscal 101
year, based on:
a Ownership of local institutions; Not

Relevant
b Ownership of foreign institutions; Not

Relevant
c Ownership of local individual; and Not

Relevant
d Ownership of foreign individual; Not

Relevant
13. Information on major shareholders and controlling shareholders the Issuer 101
or Public Company, directly or indirectly, and also individual shareholder,
presented in the form of scheme or diagram;
14. Name of subsidiaries, associated companies, joint venture controlled by 102 - 115
Issuer or Public Company, with entity, percentage of stock ownership, line
of business, total assets and operating status of Issuer or Public Company (if
any); for subsidiaries, include the addresses of the said subsidiaries;
15. Chronology of share listing, number of shares, par value, and bid price from 116 - 123
the beginning of listing up to the end of the financial year, and name of
Stock Exchange where the Issuer or Public Company shares are listed;
16. Chronology of securities listing in addition to the said security in point 15), 124 - 125
which at least should contain the name of the Securities, year of issuance,
date of maturity, bid price, and rating of the securities (if any);
17. Name and address of capital market supporting institutions and/or professionals; 126 - 127
18. In the event that the capital market supporting professionals provide 388
services on a regular basis to the Issuer or Public Company, the information
on the services provided, fee and period of assignment should be disclosed,
and

19. Awards and/or certification of national and international scales

bestowed on the Issuer or Public Company during the last fiscal
year (if any), covering:
a Name of award and/or certification; 129 – 146
b Organization/institution that gives the awards; and 129 – 146
c Award/certificate validity period (if any); 129 – 146
f Management Discussion Management Analysis and Discussion Annual should contain 170 – 259
and Analysis discussion and analysis on financial statements and other material
information emphasizing material changes that occurred during the
year under review, at least including:
1. Operational review per business segment, according to the type

of industry of the Issuer or Public Company including:
a Production, including process, capacity, and growth; 188 - 197
b Income/sales; and 188 - 197
c Profitability 188 - 197
2. Comprehensive financial performance analysis which includes a 198 - 230

comparison between the financial performance of the last 2 (two)
fiscal years, and explanation on the causes and effects of such
changes, among others concerning;
a Current assets, non-current assets, and total assets; 201 - 209
b Short term liabilities, long term liabilities, total liabilities; 209 - 216
c Equities; 217
d Sales/operating revenues, expenses and profit (loss), other 222 - 223

comprehensive revenues, and total comprehensive profit
(loss); and
e Cash flows; 228 - 230
3. The capacity to pay debts by including the computation of 233

relevant ratios;
4. Account receivable collectability of the Issuer or Public Company, 234

including the computation of the relevant ratios;
5. Capital structure and management policies concerning capital 234

structure, including the basis for determining the said policy;
6. Discussion on material ties for the investment of capital goods,

including the explanation on at least:
a The purpose of such ties; 235
b Source of funds expected to fulfill the said ties; 235
c Currency of denomination; and 235
d Steps taken by the Issuer or Public Company to protect the 235

position of a related foreign currency against risks;
7. Discussion on investment of capital goods which was realized in

the last fiscal year, at least include:
a Type of investment of capital goods; 236

b Objective of the investment of capital goods; and 236
c Value of the investment of capital goods; 236
8. Material information and facts that occurring after the date of the 236 - 237
accountant’s report (if any);
9. Information on the prospects of the Issuer or Public Company in 241

connection with industry, economy in general, accompanied with
supporting quantitative data if there is reliable data source;
10. Comparison between target/projection at beginning of year and

result (realization), concerning:
a Income/sales; 2‫ ׎ג‬- 241
b Profit (loss); 2‫ ׎ג‬- 241
c Capital structure; or 2‫ ׎ג‬- 241
d Others that deemed necessary for the Issuer or Public 238 - 241
Company;
11. Target/projection at most for the next one year of the Issuer or
Public Company, concerning:
a Income/sales; 24‫ ג‬- 245
b Profit (loss); 24‫ ג‬- 245
c Capital structure; or 245
d Dividend policy; 24‫׏‬
e Or others that deemed necessary for the Issuer or Public 241 - 245
Company;
12. Marketing aspects of the company’s products and/or services the

Issuer or Public Company, among others marketing strategy and 182 - 187
market share;
13. Description regarding the dividend policy during the last 2 (two)
fiscal years, at least:
a Dividend policy; 24‫ו‬
b The date of the payment of cash dividend and/or date of 24‫ז‬

distribution of non-cash dividend;
c Amount of cash per share (cash and/or non cash); and 24‫ז‬
d Amount of dividend per year paid; 24‫ז‬
14. Use of proceeds from Public Offerings, under the condition of:
a During the year under review, on which the Issuer has the 24‫ז‬
obligation to report the realization of the use of proceeds, the
the realization of the cumulative use of proceeds until the
year end should be disclosed, and
b In the event that there were changes in the use of proceeds No change
as stipulated in the Regulation of the Financial Services in the use of
funds
Authority on the Report of the Utilization of Proceeds from
Public Offering, the Issuer should explain the said changes;

15. Material information (if any), among others concerning investment, 249
expansion, divestment, acquisition, debt/capital restructuring, transactions
with related parties and transactions with conflict of interest that occurred
during the year under review, among others include:
a Transaction date, value, and object; Not

applicable
b Name of transacting parties; Not

applicable
c Nature of related parties (if any); Not

applicable
d Description of the fairness of the transaction; and Not

applicable
e Compliance with related rules and regulations; Not

applicable
16. Changes in regulation which have a significant effect on the Issuer or Public 25‫ב‬
Company and impacts on the company (if any); and
17. Changes in the accounting policy, rationale and impact on the financial 25‫א‬
statement (if any);
g Corporate Governance Corporate Governance of the Issuer or Public Company contains at least: 26‫ – א‬40‫ד‬
of the
Issuer or Public 1. The Board of Directors, covering:
Company
a The tasks and responsibilities of each member of the Board of Directors; 3‫ژב׏‬٫‫ژ‬3‫בא‬
b Statement that the Board of Directors has already have board of manual 30‫ז‬
or charter;
c Procedure, legal basis, structure, and amount of remuneration of each 33‫ ז‬٫ 3‫׎ג‬
member of the Board of Directors, relation between remuneration and
performance of the Issuer or Public Company;
d The policies and the frequency of the meeting of the Board of Directors 31‫ – ד‬32‫ה‬
including the joint meeting with Board of Commissioners, and
attendance of member of the Board of Directors in the said meeting;
e Information on the resolution from the AGM of the previous 1 (one) year,
covering:
1 AGM resolutions that were realized during the fiscal year, and 2‫ ׎ז‬٫ 29‫א‬
2 Explanation for the unrealized resolution; 2‫ ׎ז‬٫ 29‫א‬
f Information regarding the AGM resolution in the year under review,

including:
1 AGM resolutions that were realized during the fiscal year; and 26‫ ו‬٫ 27‫ח‬
2 Explanation for the unrealized resolution; and
g Assessment on the performance of the committee under the Board of 26‫ ו‬٫ 27‫ח‬
Directors;
2. The Board of Commissioners, among other include: 30‫ו‬
a Duties and responsibilities of the Board of Commissioners; 26‫ג‬
b Statement that the Board of Commissioner has already have the board 29‫ב‬
manual or charter;
c Procedure, legal basis, structure, and amount of remuneration for each 33‫ ה‬- 33‫ו‬
member of Board of Commissioners;

d Policies and frequency of meeting of the Board of ‫ ׎׎ב‬- 30‫ד‬

Commissioners, including meeting with the Board of
Directors, and attendance of each member of the Board of
Commissioners in the said meetings;
e Policies of the Issuer or Public Company regarding the

assessment on the performance of the Board of Directors and
Board of Commissioners and the implementation, at least
covering:
1 Procedure for the implementation of performance 30‫ – ד‬30‫ًו‬

assessment; ‫חאב – זאב‬
30‫ – ד‬30‫ًו‬
2 Criteria for assessment; and
‫חאב – זאב‬
3 Assessor; 30‫חאב ًה‬
f Assessment on the performance of the committees under the ‫ו׎ב‬

Board of Commissioners; and
g In the event that the Board of Commissioners does not

establish the Nomination and Remuneration Committee,
than should contain at least:
1 Reason no to establish the committee; and 36‫ד‬
2 Procedure of nomination and remuneration performed in ‫והב‬

the year under review;
3. Sharia Supervisory Board, for Issuer or Public Company that 34‫ב‬

conduct business based on sharia law, as stipulated in the articles
of association, at least containing:
Not
a Name; applicable
Not
b Duty and responsibility of Sharia Supervisory Board; and applicable
c Frequency and procedure in providing advice and suggestion, Not

as well as the compliance of Sharia Principles by the Issuer or applicable
Public Company in the Capital Market;
4. Audit Committee, among others covering: 344 - 353
a Name and position in the committee; 34‫ ה‬- 3‫וג‬
b Age; 34‫ ה‬- 3‫וג‬
c Citizenship; 34‫ ה‬- 3‫וג‬
d Education background; 34‫ ה‬- 3‫וג‬
e History of position, including:
1 Legal basis for appointment as member of the committee; ‫דגב‬
2 Dual position, as member of Board of Commissioners, 34‫ ה‬- 3‫וג‬

member of Board of Directors, and/or member of
committee, and other position (if any); and
3 Working experience and period in and outside the Issuer 34‫ ה‬- 3‫וג‬
or Public Company;
f Period and terms of office of the member of Audit 34‫ ה‬- 3‫וג‬
Committee;
g Statement of independence of the Audit Committee; 34‫ ז‬- 34‫ח‬
h Policies and implementation of the frequency of meeting 34‫ ח‬- 35‫א‬

of Audit Committee and attendance of member of Audit
Committee;
i Education and/or training during the year under review (if 160
any); and

j The activities of the Audit Committee in the year under 352 - 353
review, in accordance with the Audit Committee Charter;
5. Other committee of Issuer or Public Company formed to support 353 - 367

the function and duty of the Board of Directors and/or the Board
of Commissioners, such as Nomination and Remuneration
Committee, containing:
a Name and position in the Committee; 35‫ ו‬- ‫זדב‬
b Age; 35‫ ו‬- ‫זדב‬
c Citizenship; 35‫ ו‬- ‫זדב‬
35‫ ו‬- ‫זדב‬

d Education background;
e History of position, including:
1. Legal basis for the appointment as member of the ‫הדב‬

committee;
2. Dual position, as member of Board of Commissioners, 35‫ ו‬- ‫זדב‬

member of Board of Directors, and/or member of
committee and other position (if any); and
3. Working experience and period in and outside the Issuer 35‫ ו‬- ‫זדב‬
or Public Company;
f Period and terms of office of the member of committee; 35‫ ו‬- ‫זדב‬
g Description of duty and responsibility; 35‫ ג‬- ‫הדב‬
h Statement that the Committee has already have the Charter; 35‫ג‬
i Statement of independence of the Committee; 35‫ח‬
j Policies and frequency of meeting of the committee, and 3‫ ׎ה‬- 36‫א‬

attendance of each member of the committee in the said
meetings;
k Education and/or training during the year under review (if 160
any); and
l Brief description on the activities of the committee; 36‫ א‬- 36‫ד‬
6. Corporate Secretary, including:
a Name; ‫חהב‬
b Domicile; ‫חהב‬
c History of position, including:
1 Legal basis for the appointment as Corporate Secretary; ‫חהב‬

and
2 Working experience and period in and outside the Issuer ‫חהב‬

or Public Company;
d Education background; ‫חהב‬
e Education and/or training during the year under review; and 161, 36‫ח‬
f Brief description on the implementation of duties of the 36‫ח‬

Corporate Secretary in the year under review;
7. Internal Audit Unit, among others including:
a Name of Head of Internal Audit Unit; ‫בוב‬

b History of position, including:
1. Legal basis for the appointment as Head of Internal Audit ‫בוב‬

Unit; and
2. Working experience and period in and outside the Issuer

‫בוב‬
or Public Company;
c Qualification or certification as internal auditor (if any); 37‫ ג‬- 37‫ד‬
d Education and/or training during the year under review; 162 - 163
e Structure and position of Internal Audit Unit; 3‫׎ו‬
f Description of duties and responsibilities; 3‫׏ו‬
g Statement that the Internal Audit Unit has already have 3‫׏ו‬
Internal Audit Unit charter; and
h Brief description on the implementation of duty of Internal 37‫ ד‬- 37‫ו‬

Audit Unit during the year under review;
8. Description on internal control system adopted by the Issuer or

Public Company, at least covering:
a Financial and operational control, and compliance to the 38‫ ב‬- 38‫ה‬
other prevailing rules; and
b Review on the effectiveness of internal control systems; 38‫ו‬
9. Risk management system implemented by the company, at least

includes:
a General description about the company’s risk management 37‫ח‬

system the Issuer or Public Company;
b Types of risk and the management; and 3‫ ׎ז‬- 3‫׏ז‬
c Review the effectiveness of the risk management system 38‫ א‬- 38‫ב‬
applied by the Issuer or Public Company;
10. Important cases faced by the Issuer or Public Company,

subsidiaries, current member of the Board of Commissioners and
the Board of Directors, among others include:
a Substance of the case/claim; 38‫ ח‬- 39‫א‬
b Status of settlement of case/claim; and 38‫ ח‬- 39‫א‬
c Potential impacts on the condition of the Issuer or Public 38‫ ח‬- 39‫א‬
Company;
11. Information about administrative sanctions imposed to Issuer or 39‫ב‬

Public Company, member of the Board of Commissioners and
the Board of Directors, by the Capital Market Authority and other
authorities during the last fiscal year (if any);
12. Information about codes of conduct of the Issuer or Public

Company. Includes:
a Key points of the code of conduct; 39‫ב‬
b Socialization of the code of conduct and enforcement; and 39‫ג‬
c Statement that the code of conduct is applicable for the 39‫ג‬

Board of Commissioners , the Board of Directors, and
employees of the Issuer or Public Company;

13. Information about corporate culture (if any) of the Issuer or Public 50
Company;
14. Description of employee or management stock ownership 24‫ז‬

program of the Issuer or Public Company, among others
contains:
a Number of share and/or option; N/A
b Period; N/A
c Requirement for eligible employee and/or management; and N/A
d Exercised price; N/A
15. Description of whistleblowing system at the Issuer or Public

Company (if any), among others include:
a Mechanism for violation reporting; 39‫ה‬
b Protection for the whistleblower; 39‫ו‬
c Handling violation reports; 39‫ח‬
d Unit responsible for handling of violation report; and 39‫ז‬
e Results from violation report handling, at least includes:
1 Number of complaints received and processed during the ‫׎׎ג‬

fiscal year; and
2 Follow up of complaints; ‫׎׎ג‬
16. Implementation of the Guidelines of Corporate Governance for

Public Companies for Issuer issuing Equity-based Securities or
Public Company, including:
a Statement regarding recommendation that have been ‫ ׏׎ג‬- 40‫ד‬

implemented; and/or
b Description of recommendation that have not been ‫ ׏׎ג‬- 40‫ד‬

implemented, along with the reason and alternatives of
implementation (if any);
h Social and Environmental 1. Information on social and environmental responsibility of the

Responsibility of the Issuer or Issuer or Public Company that covers policies, types of programs,
Public Company ans cost, among others related to:
a Environment, among others: 4‫ ׎א‬- 42‫ג‬
1 The use of environmentally friendly and recyclable 42‫א‬

materials and energy;
2 The waste treatment systems of the Issuer or Public 42‫א‬

Company;
3 Mechanism for filing complaint on environmental issues; 44‫א‬

and
4 Environmental certifications; 42‫ג‬
b Employment practices, occupational health and safety, 42‫ ד‬- 4‫׏ב‬

among others:
1 Gender equality and equal work opportunity; 42‫ו‬
2 Work and safety facilities; 42‫ו‬
3 Employee turnover; 4‫׏ב‬
4 Work incident rate; 42‫ו‬

5 Education and/or training; 42‫ו‬
6 Remuneration; and 42‫ז‬
7 Mechanism for filing complaint on employment issues; 42‫ח‬
c Social and community development, among others: ‫הדג‬-‫׎וג‬
1 The use of local work forces; 42‫ה‬
2 Empowerment of local communities among others 46‫ ב‬- 46‫ו‬

through the use of raw material produced by the
community or providing education;
3 Improvement of public social facilities and infrastructure; 46‫ז‬
4 Other form of donation; and 46‫ז‬
5 Dissemination of the policies and procedures of anti- 39‫ג‬

corruption at the Issuer or Public Company, and training
on anti-corruption (if any);
d Products and/or services responsibilities, among others; 218-219
1 Consumers’ health and safety; 43‫ א‬- 44‫א‬
2 Products and/or services information; and 52
3 Facilities, number, and resolution of consumer complaint. 44‫ א‬- 44‫ו‬
2. In the event that the Issuer or Public Company imparts √

information on social and environmental responsibility as
referred to in point 1) in separate report such as corporate social
responsibility report, or sustainability report, the the Issuer or
Public Company is excluded from disclosing information on social
and environmental responsibility in Annual Report; and
3. The said report in point 2) should be submitted to the Financial √

Service Authority along with the Annual Report.
i Audited Annual Financial Financial Statement included in Annual Report should be prepared ‫׎׎ד‬
Statement in accordance with the Financial Accounting Standards in Indonesia
and audited by the Accountant. The said financial statement should
be included with statement of responsibility for financial report
such as stipulated in the legislations in the Capital Markets sector
governing the responsibility of the Board of Directors on the financial
report of the legislations in the Capital Markets sector governing the
periodic reports of securities company in the event the issuer is a
Securities Company; and
j Letter of Statement of the Board Letter of statement of the Board of Directors and the Board of 4‫ זח‬- 4‫חח‬
of Directors and the Board Commissioners regarding the responsibility for Annual Reporting
of Commissioners regarding should be prepared according to the format of letter of statement
the Responsibility for Annual of member of Board of Directors and the Board of Commissioners
Reporting regarding the responsibility for Annual Reporting as attached in the
Attachment, which is an integral part of this Circulation Letter of the
Financial Services Authority.

Annual Report
Award Criteria
Umum
The annual report is presented in proper √

and correct Bahasa Indonesia and is
recommended to be presented in English as
well
The annual report is printed in fine quality, √

with easy-to-read font types and sizes
The annual report presents clear identity of Company name and the year of the Annual Report are shown in: √
the company 1. Front cover;
2. Side margin;
3. Back cover; and
4. Each page.
The annual report is available at company Including current annual report and the annual reports from at √
website least the last four (4) years.
Key Financial Highlights
Information on Company’s operating results The information encloses, among others:

with comparisons of 3 (three) fiscal years 1. Sales/revenues; 16
or since the starting of the company if the 2. Profit (loss): 17
business activities have run for less than three a. Attributable to the owner of the holding entity; and
(3) years b. Attributable to non-controlling interest;
3. Total comprehensive profit (loss) and other comprehensive 16
income:
a. Attributable to the owner of the holding entity; and
b. Attributable to non-controlling interest; and
4. Profit (Loss) per Share. 17
Note: For a company with no subsidiaries, the company presents
the profit (loss) and other profit (loss) and other comprehensive
income in total.
Information on Company’s financial position The information encloses, among others:

with comparisons of three (3) fiscal years 1. Total investments in associates; 14
or since the starting of the company if the 2. Total assets; 14
business activities have run for less than three 3. Total liabilities; and 15
(3) years 4. Total equity. 15
Financial ratios with comparisons of three The information encloses five (5) financial ratios that are 17 - 18
(3) fiscal years or since the starting of the common and relevant to company’s industry.
company if the business activities have run for
less than three (3) years
Information on stock price in tables and 1. Number of outstanding shares; 20

charts 2. The information in tables and charts covers: 20
a. Market capitalization by prices in Stock Exchange where
the shares are listed;
b. The highest, lowest, and closing price of shares; and
c. Trading volume where the shares are listed.
3. Information in charts contains at least: 20
a. Closing price and share trading volume
b. Trading volume where the shares are listed.
For each quarter of the last two (2) fiscal years.
Note: if the company shall disclose information on share prices
and trading volume if such company does not have market
capitalization.

Information on outstanding bonds, sukuk, The information covers: 21 - 24,

or convertible bonds of the last two (2) fiscal 1. Number of outstanding bonds/sukuk/convertible bonds; 124 - 125
years 2. Interest rate/yield;
3. Maturity date; and
4. Bonds/sukuk rating in 2015 and 2016.
Note: if the company shall disclose information on outstanding
bonds, sukuk, or convertible bonds if such company does not
have market capitalization.
Board of Commissioners and Board of Directors Reports
Board of Commissioners Report Containing the following:

1. Assessment on Board of Directors’ performance on company 26
management and the basis for the assessment;
2. Perspective on company business outlook set by Board of 27
Directors and its consideration basis;
3. Prospective on the implementation/management of 28
whistleblowing system (WBS) in the company and the role of
Board of Commissioners in such WBS; and
4. Changes in Board of Commissioners’ composition and the 28
reason behind the change (if any).
Board of Directors Report Containing the following:

1. Analysis on company performance, which among others
covers:
a. Strategic policies; 30
b. Comparisons between realizations and targets; and 31
c. Challenges faced by the company and its settlement 31
measures.
2. Analysis on business outlook; 32
3. Development of the implementation of corporate 32
governance in the fiscal year; and
4. Changes in Board of Director’s composition and the reason 33
behind the change (if any)
Board of Directors and Board of Containing the following:

Commissioners’ signatures 1. Signatures are given on separate sheets; 482 - 483
2. Statement of full accountability on the accuracy of the 482 - 483
annual report contents by Board of Directors and Board of
Commissioners;
3. Signed by all members of Board of Commissioners and 482 - 483
Board of Directors by stating names and positions; and
4. Written explanation in separate letter from the person(s) Not
concerned in the event that a member of Board of Relevant
Commissioners or Board of Directors fails to sign the annual
report, or written explanation in separate letter from the
other member(s) in the event that the person(s) concerned
fails to provide a written explanation.
Company Profile
Name and complete address of the company The information contains among others: name and address, 36
postal code, phone number(s), facsimile, e-mail, and website
address.
Brief history of the company Consisting among others: date/year of establishment, name, 36
changes in company name (if any), and effective date for such
changes in company name.
Note: explanation shall be given in the event that the entity has
never made any change to the name
Line of business Description of, among others:

1. Company’s business activities in accordance with the latest 51
articles of association;
2. Business activities engaged; and 51
3. Generated products and/or services. 52

Organizational structure In a chart, consisting of names and positions, at least up to one 66-67
level under the Board of Directors.
Company Vision, Mission, and Culture Containing:

1. Company vision; 50
2. Company mission; 50
3. Explanation that the vision and mission have been 49
reviewed and agreed upon by Board of Directors/Board of
Commissioners.
4. Statement on corporate culture adhered by the company. 50
Identity and brief CV of Board of The information encloses, among others:

Commissioners members 1. Name; 68 - 73
2. Position and term of office (including position in the 68 - 73
company or other institutions);
3. Age; 68 - 73
4. Domicile; 68 - 73
5. Educations (Field of Study and Educational Institution); 68 - 73
6. Work experience (Position, Institution, and Term of Office); 68 - 73
7. History of the appointment (period and position) as Board of 68 - 73
Commissioners’ member since initial appointment.
Identity and brief CV of Board of The information encloses, among others:

Commissioners members 1. Name; 74 - 81
2. Position and term of office (including position in the 74 - 81
company or other institutions);
3. Age; 74 - 81
4. Domicile; 74 - 81
5. Educations (Field of Study and Educational Institution); 74 - 81
6. Work experience (Position, Institution, and Term of Office); 74 - 81
7. History of the appointment (period and position) as Board of 74 - 81
Commissioners’ member since initial appointment.
Total number of employees (2 years’ The information encloses, among others:

comparison) and data of competency 1. Number of employees for each organizational level; 96
development that reflects the opportunity for 2. Number of employees for each educational level; 97
every organizational level 3. Number of employees by employment status; 97
4. Data of undertaken employee competency developments 146-157
in fiscal year containing parties (Position level) attending the
training, type of trainings, and purpose of trainings; and
5. Incurred costs for employee competency development in 163
the fiscal year.
Shareholder Competition Containing, among others:

1. Detailed name of shareholders covering 20 largest 101
shareholders and their shareholding percentage;
2. Details of shareholders and their shareholding percentage, 101
which include:
a. Name of shareholders with 5% or more percent of shares;
b. Public shareholding groups with their respective
shareholding of less than 5%.
3. Name of Directors and Commissioners holding direct or 101
indirect shares and their percentages.
Note: Explanation shall be given in the event of Directors and
Commissioners do not hold direct or indirect shares.

List of subsidiaries and/or associates In the form of table containing the following information:
1. Names of subsidiaries and/or associates; 102
2. Shareholding percentage; 102
3. Explanation on the subsidiaries and/or associates’ lines of 102
business; and
4. Explanation on the operational status of the subsidiaries and/ 102
or associates (in operation or has not yet operating).
Company group structure Company group structure in a chart describing subsidiaries, 128
associates, joint ventures, and special purpose vehicles (SPVs).
Share listing chronology (including private Containing, among others:

placement) and/or share listing from the 1. The year of shares issuance, number of shares, shares par 20
initial listing to the end of fiscal year value, and share offering price for each of corporate action;
2. Number of shares listed following the corporate actions; 20
3. Name of stock exchange where the shares are listed. 20
Note: Explanation shall be given in the event of the company
does not have share listing chronology.
Issuance and/or other securities listing Containing, among others:

chronology from the initial listing to the end 1. Name of other securities, year of other securities issuance, 124 - 125
of fiscal year interest/yield rate, and the maturity date of other securities;
2. Other securities offering price; 124 - 125
3. Name of stock exchange where the other securities are 124
listed; and
4. Rating of securities. 124 - 125
Note: Explanation shall be given in the event of the company
does not have other securities issuance and listing chronology.
Names and addresses of capital market The information encloses, among others:
supporting institutions and/or professions 1. Name and address of Securities Administration Bureau 126 - 127
(BAE)/parties administrating company’s shares;
2. Name and address of Public Accounting Firm; and 126
3. Name and address of rating agency. 126
List of awards received in the last fiscal year The information encloses, among others:
and/or certifications valid for the last fiscal 1. Name of awards and/or certificates; 129 - 146
year, both national and international-scale 2. Year of receipt; 129 - 146
3. Awarding and/or certifying agencies; and 129 - 146
4. Validity period (for certifications). 129 - 146
Names and addresses of subsidiaries and/or Containing the information about, among others:
branch or representative offices (if any) 1. Names and addresses of subsidiaries; and 166
2. Names and addresses of branch/representative offices. 167 - 169
Note: explanation shall be given in the event that the entity does
not have any subsidiaries/branches/representatives.
Information on Company Website Covering at least: 165

1. Information on shareholders to last individual owners;
2. Contain of the Code of Ethics;
3. Information on General Meeting of Shareholders (GMS) at
least covering the agenda discussed in GMS, minutes of
GMS, and important dates i.e. GMS announcement date,
GMS summon date, GMS date, GMS minutes announcement
date;
4. Separate Annual financial statements (last 5 years);
5. Board of Commissioners and Board of Directors Profiles; and
6. Charter of the Board of Commissioners, Board of Directors,
Committees, and Internal Audit Unit.

Educations and/or trainings for the Board Covering at least the following information (type and parties
of Commissioners, Board of Directors, eligible to attend):
Committees, and Internal Audit Unit. 1. Educations and/or trainings for the Board of Commissioners; 158
2. Educations and/or trainings for the Board of Directors; 159
3. Educations and/or trainings for Audit Committee; 160
4. Educations and/or trainings for Nomination and 160
Remuneration Committee;
5. Educations and/or trainings for Other Committees; 160
6. Educations and/or trainings for Corporate Secretary; and 161
7. Educations and/or trainings for Internal Audit Unit; 162
Attended in the fiscal year
Note: Explanation shall be given in the event of there are no
educations and/or trainings in the fiscal year.
Management Discussion and Analysis on Company Performance
Operational review per business segment Containing descriptions of:

1. Explanation of each business segment. 188 - 197
2. Performance of each business segment, among others:
a. Productions; 188-192
b. Increase/decrease in business capacity; 191, 195
c. Sales/operating revenues; and 195 - 197
d. Profitability.
Description of company’s financial Analysis on financial performance containing comparison

performance between current financial performance and previous year’s
financial performance and causes for the increase/decrease (in
narration and tables), among others concerning:
1. Current assets, non-current assets, and total assets; 201 - 209
2. Short-term liabilities, long-term liabilities, and total liabilities; 209 - 216
3. Equity; 217 - 221
4. Sales/revenues, expenses and profit (loss), other 222 - 228
comprehensive incomes and total comprehensive profit
(loss); and
5. Cash flow. 228 - 230
Discussion and analysis on company solvency Explanation on:

and liquidity by presenting ratios that are 1. Solvency for short- and long-term debts; and 233
relevant to company’s industry 2. Receivables collectability. 234
Discussion on capital structure and capital Explanation on:

structure policy 1. Capital structure, consisting of interest-based debts and 234
equity;
2. Management policies on the capital structure (capital 234
structure policies); and
3. The basis for Capital structure policies. 234
Discussion on material commitments for Explanation on:

capital goods investments (other than 1. The name of parties engaging in the commitment 235
funding commitment) in the last fiscal year 2. Purpose of the commitments; 236
3. Sources of funds expected to meet these commitments; 235
4. Currency used; and 235
5. Planned measures to protect the company from risks arising 235
from relevant currency position.
Note: explanation shall be given in the event that the company
does not have any commitments relating to capital investments
in the last fiscal year.
Discussion on capital investments realized in Explanation on:

the last fiscal year 1. Type of capital investments; 236
2. Purposes of the capital investments; and 236
3. Value of capital investment spent in the last fiscal year. 236
Note: explanation shall be given in the event that any capital
investment realizations are nonexistent.

Information on comparisons between The information encloses, among others:

beginning of fiscal year’s targets and 1. Comparisons between beginning of year’s targets and 238 - 241
realizations, and expected targets or realizations; and
projection for the coming year relating to 2. Expected targets or projection for the coming year. 241 - 245
revenue, profit, and other matters considered
important to the company
Information and material facts occurring after Description of significant events after accountant’s reporting 245
accountant’s reporting date date including their effects on business performance and risks in
the future.
Note: explanation shall be given in the event that any significant
events after accountant’s reporting date are nonexistent.
Description on company’s business outlook Description on company’s business outlook is related to 172 - 176
industry and economy in general accompanied by quantitative
supporting data from trustworthy source of data.
Description on marketing aspect Description on marketing aspect on company products and/or 182 - 187
services, among others marketing strategies and market share.
Description on dividend policy and amount Containing descriptions of:

of cash dividends per share and amount of 1. Policy on dividend sharing; 24‫ו‬
dividends per year announced or paid for the 2. Total dividends shared; 24‫ו‬
last two (2) fiscal years. 3. Amount of cash dividends per share; 24‫ז‬
4. Payout ratio; and 24‫ז‬
5. Date of announcement and payment of cash dividends. 24‫ז‬
For each year.
Note: explanation shall be given in the event that any dividend
sharing is nonexistent.
Employee and/or Management Stock Containing descriptions of: 24‫ז‬

Ownership Plan (ESOP/MSOP) carried out by 1. Total ESOP/MSOP shares and its realization;
the company existing until the end of fiscal 2. Term;
year 3. Requirements for entitled employees and/or management;
and
4. Exercise price.
Note: explanation shall be given in the event that the program
concerned is nonexistent.
Realization of the use of proceeds from public Containing descriptions of:

offering (in the event that the company still 1. Total proceeds; 24‫ז‬
has the obligation to report the proceed use 2. Planned use of the proceeds; 24‫ח‬
realization)* 3. Detailed use of the proceeds; 24‫ח‬
4. Balance of proceeds; and 24‫ח‬
5. Date of GMS/GMB approval on changes in the use of 24‫ח‬
proceeds (if any).
Note: explanation shall be given in the event that there is no
information regarding realization of the use of proceeds from
public offering.
Information on material transactions Containing descriptions of:

containing conflicts of interest and/or 1. Name of affiliates and the nature of affiliation; 24‫ ח‬- 2‫׎ד‬
transactions with affiliates 2. Explanation on the fairness of transaction; 24‫ח‬
3. Reason behind the transaction; 24‫ח‬
4. Realization of transactions in the last fiscal year; 2‫ ׎ד‬- 2‫׏ד‬
5. Company policy relating to review mechanism on 24‫ח‬
transactions; and
6. Compliance with relevant regulations and provisions. 24‫ח‬
Note: explanation shall be given in the event that any
transaction concerned is nonexistent.
Description on regulatory changes having The description contains among others:

significant impact on the company 1. Regulatory changes; and 25‫ ב‬- 25‫ג‬
2. Their impacts (qualitative and quantitative) on the company 25‫ ב‬- 25‫ג‬
(if significant) or statements stating that the impacts are
insignificant.
Note: explanation shall be given in the event that any regulatory
changes having significant impacts on the company are
nonexistent in the last fiscal year.

Description on changes in accounting policies The description contains among others:

applied by the company in the last fiscal year 1. Changes in accounting policies; 25‫ א‬- 25‫ב‬
2. Their reasons; and 25‫ א‬- 25‫ב‬
3. Impacts toward financial statements. 25‫ב‬
Note: explanation shall be given in the event that any changes in
accounting policies are nonexistent in the last fiscal year.
Information on business continuity Disclosure of information includes:

1. Matters which potentially inflict significant impact on company’s 25‫ג‬
business continuity for the last fiscal year;
2. Management assessment on matters in point 1; and 25‫ג‬
3. Assumptions used by the management in performing the 25‫ג‬
assessment.
Note: in the event that any matters which potentially inflict
significant impact on company’s business continuity for the last
fiscal year are nonexistent, the assumptions used as the basis for the
management in assuring that such matters are nonexistent shall be
disclosed.
Good Corporate Governance
Board of Commissioners description The description includes, among others:

1. Description of Board of Commissioners’ responsibilities; 29‫ ג‬- 29‫ד‬
2. Assessment on the performances of committees under the 30‫ו‬
Board of Commissioners and the basis for such assessment; and
3. Disclosure of the Board Charter (guidelines and codes of 29‫ב‬
conduct for Board of Commissioners).
Information on Independent Commissioners Covering, among others:

1. The criteria for Independent Commissioners appointment; and ‫׎׎ב‬
2. Statement of independency of each Independent ‫׎׎ב‬
Commissioner.
Board of Directors description The description includes, among others:

1. Scopes of duties and responsibilities of each Board of Directors 31‫ ב‬- 31‫ג‬
member;
2. Assessment on the performances of committees under the 3‫׎ב‬
Board of Directors (if any); and
3. Disclosure of the Board Charter (guidelines and codes of 30‫ז‬
conduct for Board of Directors).
Assessment of the implementation of GCG Containing explanations on, among others:

for fiscal year 2018 covering at least Board 1. Criteria used for the assessment; 33‫א‬
of Commissioners and Board of Directors 2. Assessing party; 33‫ב‬
aspects. 3. Assessment score for each criteria; 33‫ב‬
4. Recommendation of the assessment results; and 33‫ ג‬- 33‫ד‬
5. Reasons on why the recommendations are/has not been 33‫ ג‬- 33‫ד‬
implemented.
Note: explanation shall be given in the event of the GCG
implementation assessment for fiscal year 2016 is nonexistent.
Description of remuneration policy for Boards Containing, among others:

of Commissioners and Board of Directors 1. Disclosure of remuneration procedures to the determination for 33‫ה‬
the Board of Commissioners;
2. Disclosure of remuneration procedures to the determination for 33‫ז‬
the Board of Directors;
3. Remuneration structure which shows the remuneration 33‫ ה‬- 33‫ו‬
components and amount of value per component for each
Board of Commissioners’ member;
4. Remuneration structure which shows the remuneration 33‫ ח‬- 3‫׎ג‬
components and amount of value per component for each
Board of Directors’ member;
5. Disclosure of indicators for the determination of Board of 33‫ח‬
Directors’ remuneration; and
6. Disclosure of performance bonus, non-performance bonus, and/ 33‫ו‬, 33‫ח‬
or shares option received by each Board of Commissioners’ and
Board of Directors’ member (if any).
Note: explanation shall be given in the event of performance bonus,
non-performance bonus, and/or shares option received by each
Board of Commissioners’ and Board of Directors’ member are
nonexistent.

Frequency and attendance rate in BOC The information encloses, among others:
Meetings, BOD meetings, and BOC-BOD joint 1. Meeting date; ‫׏׎ב‬-30‫ד‬,
meetings 2. Meeting participants; and 31‫ה‬-32‫ד‬
3. Meeting agenda.
For each BOC meeting, BOD meeting, and joint meeting.
Information on majority and controlling In schematic chart or diagram, that differs the main 101
shareholders, both direct and indirectly, to shareholders and controlling shareholders.
individual holders Note: he main shareholder is the party which, either directly or
indirectly, holds at least 20% (twenty percent) of the voting rights
of all shares with voting rights issued by a company, but not a
controlling shareholder.
Disclosure of affiliations among the members Containing, among others:

of Board of Directors, Board of Commissioners, 1. Affiliations among Board of Directors’ fellow members; 34‫א‬
and Majority and/or Controlling Shareholders 2. Affiliations among Board of Directors members and Board of
Commissioners members; 34‫א‬
3. Affiliations among Board of Directors members and Majority
and/or Controlling Shareholders; 34‫א‬
4. Affiliations among Board of Commissioners’ fellow members;
and 3‫׏ג‬
5. Affiliations among Board of Commissioners’’ members and
Majority and/or Controlling Shareholders. 3‫׏ג‬
Note: explanation shall be given in the event that any concerned
affiliations are nonexistent.
Audit Committee Containing, among others:

1. Name and position of Audit Committee members; 34‫ ה‬- 34‫ו‬
2. Educational history qualifications (field of study and 34‫ ה‬- 34‫ו‬
educational institution) and work experience of Audit
Committee members (Position, Institution, and Term of
Office);
3. Audit Committee members’ independency; 34‫ז‬
4. Description of Audit Committee’s duties and responsibilities; 34‫ג‬
5. Brief report on Audit Committee members’ activities in the 35‫ٮא‬35‫ב‬
fiscal year; and
6. Frequency of meetings and attendance rate of Audit 35‫א‬
Committee members.
Nomination and/or Remuneration Committee Containing, among others:

1. Name, position, and brief CV of Nomination and/or 36‫ו‬
Remuneration Committee members;
2. Independency of Nomination and/or Remuneration 36‫ו‬
Committee members; 36‫ה‬
3. Description of duties and responsibilities; 36‫ו‬
4. Description of implementation of activities of Nomination
and/or Remuneration Committee members in the fiscal year;
5. Frequency of meetings and attendance rate of Nomination N/A
and/or Remuneration Committee members;
6. Statement about the existence of guidelines for Nomination 36‫ד‬
and/or Remuneration Committee; and
7. Policy relating to Board of Directors’ succession. 36‫ה‬
Other committees under the Board of Containing, among others:

Commissioners owned by the company 1. Name, position, and brief CV of other committee members; 35‫ ו‬- 35‫ז‬
2. Independency of other committee members;
35‫ח‬
3. Description of duties and responsibilities;
35‫ ג‬- 35‫ה‬
4. Description of the implementation of activities of other 36‫ א‬- 36‫ד‬
committees in the fiscal year; and
5. Frequency of meetings and attendance rate of other 36‫א‬
committees.
Description of duties and function of Containing among others:

Corporate Secretary 1. Name and brief CV of the corporate secretary; 36‫ח‬
2. Domicile; 36‫ח‬
3. Description of the duties and responsibilities; and 36‫ז‬
4. Descriptions on the implementation of Corporate Secretary’s 36‫ח‬
duties in fiscal year.

Description on internal audit unit Containing, among others:

1. Name of internal audit unit head; 37‫ב‬
2. Number of employees (internal auditors) in internal audit 37‫ב‬
unit; 37‫ב‬
3. Certification for internal audit professions; 3‫׎ו‬
4. Internal audit unit position in corporate structure; 37‫ ד‬- 37‫ו‬
5. Brief report on internal audit unit’s implementation of
activities; and 37‫ב‬
6. Parties appointing and dismissing head of internal audit
unit.
Public Accountant The information encloses, among others:

1. Number of periods in which a public accountant has
38‫ז‬
conducted annual audit on financial statements for the last
five (5) years;
38‫ז‬
2. Name and the year in which a Public Accounting Firm has
conducted annual audit on financial statements for the last
38‫ז‬
five (5) years;
3. Amount of fee for each service provided by public
38‫ז‬
accountant in the last fiscal year; and
4. Other services provided by the accountant apart from
annual audit on financial statements in the last fiscal year.
Note: explanation shall be given in the event that any services
are nonexistent.
Description on company risk management Containing, among others:

1. Explanation on risk management system applied by the 37‫ ח‬- 3‫׎ז‬
company;
2. Explanation on review on risk management system in the 38‫ א‬- 38‫ב‬
fiscal year;
3. Explanation on risks faced by the company; and 3‫ ׎ז‬- 3‫׏ז‬
4. Risk management efforts. 3‫ ׎ז‬- 3‫׏ז‬
Description on internal control system Covering, among others:

1. Brief explanation on internal control system, among others 38‫ ב‬- 38‫ד‬
concerning financial and operational control;
2. Explanation on compliance with internal control system 38‫ה‬
with internationally-recognized framework (COSO – internal
control framework); and
3. Explanation on review conducted on internal control system 38‫ו‬
implementation in the fiscal year.
Description of corporate social responsibility Covering, among others:

related to social responsibility management 1. Information on commitment to social responsibility 40‫ז‬
coves these following matters 2. Information on due diligence methods and scope on the 40‫ח‬
social, economic and environmental impacts of company
activities
3. Information on important stakeholders affected or 40‫ ח‬- 41‫א‬
influenced by the impact of company activities
4. Information on important socio-economic and 41‫א‬
environmental issues related to the impact of company
activities
5. Information about the scope of corporate social responsibility 41‫ ב‬- 41‫ג‬
both as obligation and as excessive obligation
6. Information about the company’s strategies and work 4‫ ז׎‬- 41‫ג‬
programs in handling social, economic and environmental
issues in stakeholder engagement and increasing value for
stakeholders and shareholders
7. Information about various programs that exceeds the 41‫ ב‬- 41‫ג‬
company’s minimum responsibilities relevant to the
implemented business
8. Information about financing and social responsibility 46‫ח‬
budgets


related to Human Rights includes these 1. Information on the commitment and policy of social 41‫ו‬
following matters responsibility related to Human Rights as a core subject
2. Information on the formulation of the company’s scope 41‫ ו‬- 41‫ז‬
of social responsibility related to Human Rights as a core
subject
3. Information about corporate social responsibility planning in 41‫ו‬
the aspect of Human Rights
4. Information about implementing CSR initiatives in the 41‫ ז‬- 41‫ח‬
aspect of human rights
5. Information about achievements and awards for CSR 41‫ ח‬- 4‫׎א‬
initiatives in the aspect of human rights

related to fair operations covets these 1. Information on social responsibility commitments and 41‫ג‬
following matters policies in the aspect of fair operations as a core subject
2. Information about company’s formulation of CSR in the 41‫ ד‬- 41‫ה‬
aspect of fair operations as a core subject
3. Information about planning corporate social responsibility in 41‫ה‬
the field of fair operations
4. Information about implementing CSR initiatives on the 41‫ ד‬- 41‫ה‬
aspect of fair operations
5. Information about achievements and awards CSR initiatives 41‫ה‬
on the aspect of fair operations

related to the environment includes these 1. Information about environmental commitments and policies
4‫׎א‬
following matters 2. Information about important environmental impacts and
4‫׎א‬
risks that are directly or indirectly related to the company
3. Information about the target / plan of activities in 2018
4‫׏א‬
determined by management;
4. Information about activities implemented and related
4‫ ׏א‬- 42‫ב‬
to environmental programs related to the company’s
operational activities
5. Information about the implementation of CSR initiatives
46‫ד‬
related to the environment
6. Information about the achievement of quantitative impacts
42‫ב‬
on these activities such as the use of environmentally
friendly and recycled-able materials and energy, the
company’s waste treatment system, complaints mechanism
for environmental problems, consideration of environmental
aspects in providing credit to customers, and others.
7. Environmental certification owned by the company. 42‫ג‬

related to employment, health and work 1. Labor policies and corporate social responsibility core 42‫ד‬
safety covers the information about commitments
2. Information on the scope and formulation of social 42‫ד‬
responsibility in the field of employment
3. Information regarding the 2018 target / plan of activities 42‫ה‬
determined by management; and
4. implemented Activities and quantitative impacts on the 42‫ו‬
activities
5. Information related to employment, health and safety and 42‫ ו‬- 43‫א‬
security practices, such as gender equality and employment
opportunities, work facilities and safety, employee turnover
rates, work accident rates, remuneration, complaints
mechanism, labor issues, and others.

related to responsibility to consumers includes 1. 2018 Target / plan of activities determined by management 43‫ג‬
these following matters 2. Activities implemented and impacts on the activities related 43‫ ד‬- 45‫ד‬
to product responsibility, such as consumer health and
safety, product information, facilities, number and
countermeasures for consumer complaints, and others.


related to social and community development 1. Policies and commitments of corporate social responsibility
45‫ה‬
includes information about as a core subject to social and community development
2. Information about social issues that are relevant to the
41‫א‬
company
3. Information about social risks managed by the company
45‫ו‬
4. Information on the scope and formulation of social
4‫ ׎ה‬- 46‫א‬
responsibility in the aspect of social and community
development
45‫ו‬
5. 2018 Target / plan of activities determined by management;
6. implemented Activities and the impacts on the activities;
4‫ ׎ה‬- 4‫׎ו‬
and
7. Cost expense related to social development and
46‫ח‬
communities, such as the use of local labor, empowerment
of communities around the company, improvement of
social facilities and infrastructure, other forms of donations,
communication about anti-corruption policies and
procedures, training on anti-corruption, and others.
Significant cases currently faced by the Covering, among others:

company, subsidiaries, and Board of Directors 1. Principal case/lawsuit;
38‫ ח‬- 39‫א‬
and/or Board of Commissioners member(s) 2. Dispute/lawsuit settlement status;
38‫ ח‬- 39‫א‬
serving during the annual report period 3. Risk faced by the company and amount of dispute/lawsuit
38‫ ח‬- 39‫א‬
settlement; and
4. Administrative sanctions imposed to the company, Board
39‫ב‬
of Commissioners and Board of Directors members, by
relevant authorities (capital market, banking, and others)
for the latest fiscal year (or if any statement confirming no
imposition of administrative sanction exists).
Note: explanation shall be given in the event that any
significant cases faced by the company, subsidiaries, Board
of Commissioners and Board of Directors members are
nonexistent.
165
Access to company information and data Description on the availability of company information and data
to public, such as through website (in Bahasa Indonesia and
English), mass media, mailing list, bulletin, analyst meeting, etc.
Discussion on code of conduct Consisting description, among others on:

1. Code of conduct contents;
39‫ב‬
2. Disclosure that the code of conduct applies to all levels of
39‫ג‬
organization;
3. Dissemination of the code of conduct;
39‫ג‬
4. Types of sanction for each code of conduct violation; and
39‫ ג‬- 39‫ד‬
5. Number of code of conduct violation and the sanctions
imposed in the last fiscal year.
39‫ד‬
Note: explanation shall be given in the event that any codes of
conduct violations are nonexistent in the last fiscal year.
Disclosure of whistleblowing system Consisting of description on whistleblowing system mechanism,

among others:
1. Whistleblowing delivery;
2. Whistleblower protection;
39‫ה‬
3. Handling of complaints;
39‫ו‬
4. Parties handling the complaints; and
39‫ח‬
5. Number of complaints received and processed in the last
39‫ז‬
fiscal year; and
‫׎׎ג‬
6. Sanction/follow-ups for the complaints which are settled in
the fiscal year.
‫׎׎ג‬
Note: explanation shall be given in the event that any incoming
complaints are nonexistent in the last fiscal year.

Policy on the diversity of Board of Description of Company policy on the diversity of Board 3‫ ׎ב‬- 33‫א‬
Commissioners and Board of Directors of Commissioners and Board of Directors composition by
composition education (field of study), work experience, age, and gender.
Note: explanation and basis of consideration shall be given in the
event that concerned policy is nonexistent
Financial Statements
Statements from Board of Directors and/or Compliance with relevant regulation on Accountability on Financial
Statements
Board of Commissioners on the Accountability Financial Statements Independent
on Financial Statements Auditor’s
Report Page
Independent auditor’s opinion on the Financial

Statements
financial statements Independent
Auditor’s
Report Page
Independent auditor’s description on the The description includes: Financial

Statements
opinion 1. Names and signatures; Independent
2. Date of Audit Report; and Auditor’s
Report Page
3. Public Accounting Firm’s and Public Accountant’s License
Numbers.
Comprehensive financial statements Comprehensively consisting elements of the financial Financial

statements, such as: Statement
Page
1. Statement of financial position;
1-165
2. Statement of income and comprehensive income;
3. Statement of changes in equity;
4. Statement of cash flows;
5. Notes to the financial statements;
6. Comparative information on the previous period; and
7. Statements of financial position at the beginning of the
previous period presented when an entity applies an
accounting policy retrospectively or makes restatement of
financial statements posts, or when an entity reclassifies
posts in the financial statements (if relevant).
Comparison of profitability level Comparison between profit (loss) in current year and the Financial
previous year. Statement
Page
4-5
Statement of Cash Flow Fulfilling the following requirements: Financial

1. Classification in three categories of activity: operating, Statement
Page
investing, and funding;
6
2. The use of direct method in reporting the cash flow from
operating activities;
3. Separation of presentation between cash receipts and/or
cash expenses for the current year in operating, investing,
and funding activities; and
4. Disclosure of non-cash transaction must be included in the
notes to the financial statements.
Accounting Policy Highlights Consisting at least: Financial

1. Statement of compliance with Financial Accounting Statement
Page
Standards (SAK);
18 - 53
2. Basis for the measurement and preparation of financial
statements;
3. Income tax;
4. Employee benefits; and
5. Financial instruments.
Disclosure of transactions with related parties Items disclosed among others are: Financial
1. Names of related parties and the nature of relationship with Statement
Page
these parties;
129 - 130
2. Transactional value and its percentage against total revenue
and relevant expenses; and
3. Total balance and its percentage against total assets or
liabilities.

Disclosure of matters relating to taxation Matters need to be disclosed: Financial

1. Fiscal reconciliation and current tax expense calculation; Statement
Page
2. Explanation of relationship between tax expense (income)
67 - 72
and accounting profit;
3. Statement acknowledging that Taxable Profits (LKP) from
the reconciliation serves as the basis for Corporate Income
Tax’s Annual Tax Returns (SPT) of 2018;
4. Details of assets and deferred tax liabilities recognized in the
financial position statement for each presenting period, and
the amount of deferred tax (income) expenses recognized
in the income statements if the amount is not visible in the
total assets or liabilities of deferred tax recognized in the
statements of financial position; and
5. Disclosure of any tax disputes.
Disclosure of matters relating to fixed assets Matters need to be disclosed: Financial

1. Depreciation method used; Statement
Page
2. Description of accounting policy selected, either revaluation
75 - 77
or cost model;
3. Methods and significant assumptions used to estimate fixed
assets’ fair value (for revaluation model) or disclosure of fixed
assets’ fair value (for cost model); and
4. Reconciliation of the gross carrying amount and
accumulated depreciation of fixed assets at the beginning
and the end of period by presenting: addition, reduction, and
reclassification.
Disclosure of operational segment Matters need to be disclosed: Financial

1. General information covering the factors used to identify Statement
Page
reported segment;
130 - 135
2. Information regarding profit and loss, assets, and liabilities of
the reported segment;
3. Reconciliation of total revenue, profit and loss, assets,
liabilities of the reported segment, and other material
elements of the segment against relevant amount in the
entity; and
4. Disclosure at the level of entity, covering information on
products and/or services, geographical area, and main
customers.
Disclosure relating to Financial Instruments Matters need to be disclosed: Financial

1. Detailed of financial instruments by classification; Statement
Page
2. Fair value and hierarchy of each group of financial
25 - 35
instruments;
3. Explanation of risks relating to financial instruments: market
risks, credit risks, and liquidity risks;
4. Risk management policies; and
5. Quantitative risk analysis relating to financial instruments.
Publication of financial statements Items disclosed among others are: Financial

Statements
1. Authorized publication date of the financial statements; and Board of
2. The party responsible for the financial statements Directors
Statement
authorization. Page

Reporting
Liability
Statement of the Board of Commissioners Regarding the Responsibility for

the 2019 Annual Report of PT Angkasa Pura I (Persero)
We, the undersigned, hereby declare that all information in the 2019 Annual Report of
PT Angkasa Pura I (Persero) is complete and we take full responsibility for the accuracy
of the contents of this Annual Report.
Hereby, this statement is true and correct.
Jakarta, 23 April 2020

Djoko Sasono
Tri Budi Satriyo Erwan Agus Purwanto Irfan Wahid

Independent Commissioner Independent Commissioner Independent Commissioner
Danang Parikesit Wihana Kirana Jaya Wempi Saputra

Commissioner Commissioner Commissioner

Statement of the Board of Directors Regarding the Responsibility for
the 2019 Annual Report of PT Angkasa Pura I (Persero)
We, the undersigned, hereby declare that all information in the 2019 Annual Report of
PT Angkasa Pura I (Persero) is complete and we take full responsibility for the accuracy
of the contents of this Annual Report.
Hereby, this statement is true and correct.
Jakarta, 23 April 2020

Board of Directors
Faik Fahmi
President Director
Wendo Asrul Rose Andy Saleh Bratamihardja

Operation Director Finance Director
Adi Nugroho Devy Suradji

Human Capital and General Affair Director Marketing and Service Director
Dendi Tegar Danianto Lukman F. Laisa Israwadi

Business Development Director Technical Director Compliance, Asset, and
Procurement Director

Financial
Statements

dan entitas anaknya/and its subsidiaries
Laporan keuangan konsolidasian

tanggal 31 Desember 2019
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements
as of December 31, 2019 and
for the year then ended
with independent auditors’ report
The original consolidated financial statements included herein
are in Indonesian language.
PT ANGKASA PURA I (PERSERO) PT ANGKASA PURA I (PERSERO)

DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2019 AS OF DECEMBER 31, 2019
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR THEN ENDED
TANGGAL TERSEBUT WITH INDEPENDENT AUDITORS’ REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/
Page
Surat Pernyataan Direksi Directors’ Statement
Laporan Auditor Independen Independent Auditors’ Report
Laporan Posisi Keuangan Konsolidasian ......................... 1-3 ............. Consolidated Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss

Komprehensif Lain Konsolidasian ............................. 4-5 .......................and Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ..................... 6 ............ Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian ..................................... 7 .......................Consolidated Statement of Cash Flows
Catatan Atas Laporan Keuangan Konsolidasian.............. 8-149 ......... Notes to the Consolidated Financial Statements
Informasi Keuangan Entitas Induk Financial Information of the Parent Entity
Laporan Posisi Keuangan ................................................ 1-2 ................................... Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Statement of Profit or Loss

Komprehensif Lain ................................................... 3-4 .......................and Other Comprehensive Income
Laporan Perubahan Ekuitas............................................. 5 .................................. Statement of Changes in Equity
Laporan Arus Kas ........................................................... 6 .............................................Statement of Cash Flows
Catatan atas Laporan Keuangan .................................... 7-9 ...............................Notes to the Financial Statements
************************

LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN FINANCIAL POSITION
31 Desember 2019 December 31, 2019
(Disajikan dalam ribuan Rupiah, (Expressed in thousands of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31,
Catatan/
2019 Notes 2018
ASET ASSETS
ASET LANCAR 2e,2f, 2g CURRENT ASSETS

Kas dan setara kas 5.510.903.592 2h,4,40 3.149.113.800 Cash and cash equivalents
Investasi jangka pendek 665.862.312 2e,2f,2h,5,40 478.106.781 Short-term investment
Piutang usaha, neto 2f,2h,6 Trade receivables, net
Pihak berelasi 138.453.120 2e,40 90.334.042 Related parties
Pihak ketiga 389.314.007 419.575.180 Third parties
Piutang lain-lain, neto 80.344.191 2h,7 39.711.686 Other receivables, net
Persediaan 69.404.026 2i,8 84.807.820 Inventories
Uang muka dan beban dibayar di muka 139.959.625 2j,9 159.380.727 Advances and prepaid expense
Pendapatan yang masih harus diterima 291.022.438 2h,10 298.444.329 Accrued revenues
Pajak dibayar di muka 840.957.804 2t,11 367.865.228 Prepaid taxes
Aset lancar lainnya 64.277.125 12 28.266.819 Other current assets
TOTAL ASET LANCAR 8.190.498.240 5.115.606.412 TOTAL CURRENT ASSETS
ASET TIDAK LANCAR NON-CURRENT ASSETS

Estimasi tagihan pajak 112.711.091 11 - Estimated claims for refundable tax
Aset pajak tangguhan 48.494.898 2t,11 41.157.712 Deferred tax assets
Uang muka dan biaya dibayar di muka Non-current advances and
jangka panjang 12.665.215 2j,9 34.321.854 prepaid expense
Investasi jangka panjang 109.819.185 2h,2k,13 100.662.312 Long-term investments
Properti investasi, neto 128.888.175 2I, 14 127.872.733 Investment properties, net
Aset tetap, neto 34.127.910.920 2m, 2o,15 26.138.784.667 Fixed assets, net
Aset takberwujud, neto 43.466.476 2n,16 42.322.384 Intangible assets, net
Aset tidak lancar lainnya 12.096.899 8.187.547 Other non-current assets
TOTAL ASET TIDAK LANCAR 34.596.052.859 26.493.309.209 TOTAL NON-CURRENT ASSETS
TOTAL ASET 42.786.551.099 31.608.915.621 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial statements form
merupakan bagian yang tidak terpisahkan dari laporan an integral part of these consolidated financial statements
keuangan konsolidasian ini secara keseluruhan. taken as a whole.
1

KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
31 Desember 2019 December 31, 2019
Catatan/
2019 Notes 2018
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang usaha 2h,18 Trade payables
Pihak berelasi 59.820.083 2e,40 101.718.709 Related parties
Utang lain-lain 3.292.812.136 2h,20 3.925.481.505 Other payables
Pendapatan diterima di muka 128.332.276 2q,19 147.262.859 Unearned revenues
Beban akrual 1.322.288.034 2p,17 1.412.039.543 Accrued expenses
Utang pajak 425.502.215 2t,11 393.235.617 Tax payables
Utang bank jangka pendek 158.010.670 2h,21 105.631.070 Short-term bank loans
Bagian jangka pendek pinjaman
jangka panjang 538.975.837 2o,2h,21 941.998.089 Current maturities of long-term loans
TOTAL LIABILITAS
JANGKA PENDEK 6.180.788.551 7.614.989.550 TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Pinjaman jangka panjang Long-term loans
Utang bank jangka panjang 16.724.208.207 2o,2h,21 5.385.996.924 Long-term bank loans
Utang obligasi dan sukuk ijarah 2.994.896.323 2o,2h,22 2.993.700.828 Bonds payable and sukuk ijarah
Utang jangka panjang lainnya 388.971.461 23 170.528.854 Other long-term liabilities
Liabilitas imbalan kerja karyawan 437.293.206 2r,24 302.394.975 Employee benefits liabilities
Liabilitas pajak tangguhan 79.885.504 2t,11 89.079.821 Deferred tax liabilities
TOTAL LIABILITAS
JANGKA PANJANG 20.625.254.701 8.941.701.402 TOTAL NON-CURRENT LIABILITIES
TOTAL LIABILITAS 26.806.043.252 16.556.690.952 TOTAL LIABILITIES
2

KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2019 As of December 31, 2019
Catatan/
2019 Notes 2018
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to the owner of
kepada pemilik entitas induk the parent entity
Modal saham Shares capital
Modal dasar 12.000.000 saham Authorized capital 12,000,000 shares
dengan nilai nominal Rp1.000.000 with par value of Rp1,000,000
(angka penuh) per saham (full amount) per share
Modal ditempatkan disetor Issued and fully paid-
penuh - 6.414.412 saham 6.414.412.000 25 6.414.412.000 6,414,412 shares
Tambahan modal disetor 8.588.878 - Additional paid in capital
Penyertaan modal negara 22.963.207 26 22.963.207 Government capital investment
Book value of fixed assets
Nilai buku aset tetap kenavigasian on navigation from government
dari penyertaan modal negara (37.004.793) 27 (37.004.793) capital investment
Accumulated depreciation of
Akumulasi penyusutan aset tetap navigation fixed assets
kenavigasian dari BPYBDS 408.393.524 27 408.393.524 from BPYBDS
Saldo laba Retained earnings
Dicadangkan 7.774.022.361 28 6.228.618.258 Approriated
Belum dicadangkan 1.451.359.978 28 2.007.018.315 Unappropriated
Penghasilan komprehensif lain (67.725.696) 2.960.722 Other compherensive income
Ekuitas yang dapat diatribusikan Equity attributable to owner of

kepada pemilik entitas induk 15.975.009.459 15.047.361.233 the parent entity
Kepentingan nonpengendali 5.498.388 29 4.863.436 Non-controlling interests
TOTAL EKUITAS 15.980.507.847 15.052.224.669 TOTAL EQUITY

TOTAL LIABILITAS DAN EKUITAS 42.786.551.099 31.608.915.621 TOTAL LIABILITIES AND EQUITY
3

LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
Tahun yang Berakhir pada Tanggal Year Ended December 31, 2019
31 Desember 2019 (Expressed in thousands of Rupiah,
(Disajikan dalam ribuan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
Tahun yang Berakhir pada Tanggal 31 Desember/

Year Ended December 31,
Catatan/
2019 Notes 2018
PENDAPATAN USAHA OPERATING REVENUES
Pendapatan aeronautika 4.975.936.088 30 5.113.648.346 Aeronautical revenues
Pendapatan non-aeronautika 3.655.609.514 30 3.407.438.964 Non-aeronautical revenues
TOTAL 8.631.545.602 8.521.087.310 TOTAL
Beban operasional bandara (3.280.187.024) 32 (3.152.001.063) Airport operation expenses

Beban pegawai (1.590.667.332) 31 (1.553.875.958) Employee expenses
Beban umum dan administrasi (1.030.352.218) 33 (1.020.434.219) General and administrative expenses
Beban pemasaran (29.640.873) (36.335.286) Marketing expenses
Beban lain-lain (102.793.058) 35 (60.850.370) Other expenses
Penghasilan lain-lain 127.257.058 34 219.204.309 Other income
LABA USAHA 2.725.162.155 2.916.794.723 OPERATING PROFIT
Penghasilan keuangan 198.326.544 36 168.849.128 Finance income

Beban keuangan (860.269.934) 37 (265.134.161) Finance costs
Equity (loss) income
Bagian (rugi) laba entitas asosiasi (8.952.137) 13 2.552.006 of associate entities
LABA SEBELUM PAJAK FINAL PROFIT BEFORE FINAL TAX

DAN PAJAK PENGHASILAN AND CORPORATE
BADAN 2.054.266.628 2.823.061.696 INCOME TAX
Beban pajak final (109.731.383) (128.127.639) Final tax expense
LABA SEBELUM PAJAK PROFIT BEFORE

PENGHASILAN BADAN 1.944.535.245 2.694.934.057 CORPORATE INCOME TAX
BEBAN PAJAK CORPORATE

PENGHASILAN BADAN, NETO (492.308.079) 11d (689.015.898) INCOME TAX EXPENSE, NET
LABA TAHUN BERJALAN 1.452.227.166 2.005.918.159 PROFIT FOR THE YEAR
4

LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE
KONSOLIDASIAN (lanjutan) INCOME (continued)
Tahun yang Berakhir pada Tanggal Year Ended December 31, 2019
31 Desember 2019 (Expressed in thousands of Rupiah,
(Disajikan dalam ribuan Rupiah, unless otherwise stated)

Catatan/
2019 Notes 2018
PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN INCOME
Pos yang akan Item that will be

direklasifikasi ke laba rugi reclassified to profit or loss
Perubahan nilai wajar aset keuangan Changes in fair value of available-
tersedia untuk dijual 12.293.462 5d (2.769.906) for-sale financial assets
Pos-pos yang tidak akan Items that will not be

direklasifikasi ke laba rugi reclassified to profit or loss
Laba (rugi) aktuarial imbalan Actuarial gain (loss) on
kerja (80.524.121) (66.782.925) employee benefits
Rugi komprehensif Comprehensive loss
entitas asosiasi (2.466.064) (1.551.197) of associate entities
PENGHASILAN (RUGI) OTHER COMPREHENSIVE

KOMPREHENSIF LAIN INCOME (LOSS)
TAHUN BERJALAN FOR THE YEAR
SETELAH PAJAK (70.696.723) (71.104.028) AFTER TAX
TOTAL PENGHASILAN TOTAL COMPREHENSIVE

KOMPREHENSIF TAHUN INCOME
BERJALAN 1.381.530.443 1.934.814.131 FOR THE YEAR
Laba tahun berjalan yang dapat Profit for the year

diatribusikan kepada: attributable to:
Pemilik entitas induk 1.451.359.978 2.007.018.315 The owner of parent entity
Kepentingan nonpengendali 867.188 (1.100.156) Non-controlling interest
Total 1.452.227.166 2.005.918.159 Total
Total penghasilan (rugi) Total comprehensive

komprehensif tahun berjalan yang income (loss) for the year
dapat diatribusikan kepada: attributable to:
Pemilik entitas induk 1.380.673.460 1.935.914.287 The owner of parent entity
Kepentingan nonpengendali 856.983 (1.100.156) Non-controlling interest
Total 1.381.530.443 1.934.814.131 Total
Laba per saham dasar Basic earnings per share

(angka penuh) 226.265 2x 312.892 (full amount)
Laba per saham dilusian Diluted earnings per share

(angka penuh) 225.458 2x 303.655 (full amount)
5
The original consolidated financial statements included herein are in Indonesian language.

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2019 For the Year Ended December 31, 2019
(Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain) (Expressed in thousands of Rupiah, unless otherwise stated)
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to The Owner of Parent Entity
Nilai Buku
Aset Tetap Akumulasi
Kenavigasian Penyusutan
dari Penyertaan Aset Tetap
Modal Saham - Modal Negara/ Kenavigasian Saldo Laba/Retained Earnings
Ditempatkan Tambahan Penyertaan Book Value of dari BPYBDS/
dan Disetor Modal Modal Fixed Assets Accumulated Penghasilan
Penuh/ Disetor/ Negara/ on Navigation Depreciation of Komprehensif Kepentingan
Share Capital Additional Government from Government Fixed Assets Belum Lain/Other Nonpengendali/
Catatan/ - Issued and Paid- in Capital Capital on Navigation Dicadangkan/ Dicadangkan/ Total/ Comprehensive Total/ Non-controlling Total Ekuitas/
Notes Fully Paid Capital Investment Investment from BPYBDS Appropriated Unappropriated Total Income Total Interests Total Equity
Saldo tanggal 31 Desember 2017 6.414.412.000 - 255.096.706 (269.138.292 ) 408.393.524 5.093.757.108 1.418.577.150 6.512.334.258 74.064.750 13.395.162.946 6.298.096 13.401.461.042 Balance as of December 31, 2017
Pembagian dividen 28 - - - - - - (283.716.000 ) (283.716.000 ) - (283.716.000) (334.504 ) (284.050.504 ) Dividend declared

Cadangan 28 - - - - - 1.134.861.150 (1.134.861.150 ) - - - - - General reserve
Penyertaan modal negara 26 - - (232.133.499) 232.133.499 - - - - - - - - Government capital investment
Comprehensive loss of
Rugi komprehensif entitas asosiasi - - - - - - - - (1.551.197 ) (1.551.197 ) - (1.551.197 ) associate entities
Rugi aktuarial imbalan kerja karyawan - - - - - - - - (66.782.925 ) (66.782.925 ) - (66.782.925 ) Actuarial loss on employee benefits
Perubahan nilai wajar aset keuangan Changes in fair value of available-for
tersedia untuk dijual - - - - - - - - (2.769.906 ) (2.769.906 ) - (2.769.906 ) -sale financial assets
Laba tahun berjalan - - - - - - 2.007.018.315 2.007.018.315 - 2.007.018.315 (1.100.156 ) 2.005.918.159 Profit for the year
Saldo tanggal 31 Desember 2018 6.414.412.000 - 22.963.207 (37.004.793 ) 408.393.524 6.228.618.258 2.007.018.315 8.235.636.573 2.960.722 15.047.361.233 4.863.436 15.052.224.669 Balance as of December 31, 2018
Pembagian dividen 28 - - - - - - (461.614.212 ) (461.614.212 ) - (461.614.212 ) (221.931 ) (461.836.143 ) Dividend declared

Cadangan 28 - - - - - 1.545.404.103 (1.545.404.103 ) - - - - - General reserve
Comprehensive loss of
Rugi komprehensif entitas asosiasi - - - - - - - - (2.466.064) (2.466.064) - (2.466.064 ) associate entities
Rugi aktuarial imbalan kerja karyawan - - - - - - - - (80.513.816) (80.513.816) (10.305 ) (80.524.121) Actuarial loss on employee benefits
Difference arising from business
Selisih transaksi kombinasi bisnis combination of entities under
entitas sepengendali - 8.588.878 - - - - - - - 8.588.878 - 8.588.878 common control
Perubahan nilai wajar aset keuangan Changes in fair value of
tersedia untuk dijual - - - - - - - - 12.293.462 12.293.462 - 12.293.462 available-for-sale financial assets
Laba tahun berjalan - - - - - - 1.451.359.978 1.451.359.978 - 1.451.359.978 867.188 1.452.227.166 Profit for the year
Saldo tanggal 31 Desember 2019 6.414.412.000 8.588.878 22.963.207 (37.004.793 ) 408.393.524 7.774.022.361 1.451.359.978 9.225.382.339 (67.725.696) 15.975.009.459 5.498.388 15.980.507.847 Balance as of December 31, 2019
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak The accompanying notes to the consolidated financial statements form an integral part of
terpisahkan dari laporan keuangan konsolidasian ini secara keseluruhan. these consolidated financial statements taken as a whole.
6

LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT
Untuk Tahun yang Berakhir pada Tanggal OF CASH FLOWS
31 Desember 2019 For the Year Ended December 31, 2019

Catatan/
2019 Notes 2018
ARUS KAS DARI CASH FLOWS FROM

AKTIVITAS OPERASI OPERATING ACTIVITIES
Penerimaan dari pelanggan 8.492.447.622 8.384.535.713 Cash received from customers
Pembayaran kas kepada pemasok, Cash payment to suppliers,
pihak ketiga lainnya other third parties
dan karyawan (5.167.908.046) (4.347.293.407) and employees
Pembayaran beban bunga (873.352.965) (262.568.530) Payment of interest expense
Pendapatan bunga 198.326.544 168.849.132 Interest income
Pembayaran pajak (1.100.241.064) (915.062.085) Tax payment
Kas bersih yang diperoleh dari Net cash provided by

aktivitas operasi 1.549.272.091 3.028.460.823 operating activities

AKTIVITAS INVESTASI INVESTING ACTIVITIES
Pengeluaran untuk investasi Payment for short-term
jangka pendek (187.755.531) (71.000.806) investments
Pengeluaran untuk investasi Payment for long-term
jangka panjang (11.986.194) (13.361.105) investments
Penambahan aset tetap (9.596.046.769) (5.767.905.062) Increase of fixed assets
Kas bersih yang digunakan untuk Net cash used in

aktivitas investasi (9.795.788.494) (5.852.266.973) investing activities

AKTIVITAS PENDANAAN FINANCING ACTIVITIES
Penerimaan pinjaman jangka panjang 11.788.080.717 2.746.981.235 Proceed on long-term loan

Pembayaran pinjaman jangka panjang (744.659.425) (690.198.279) Payment on long-term loan
Pembayaran dividen (461.614.212) (283.716.000) Dividend payment

aktivitas pendanaan 10.581.807.080 1.773.066.956 financing activities
Dampak bersih perubahan nilai tukar Net effect of exchange rate changes
atas kas dan setara kas 26.499.115 53.767.028 on cash and cash equivalents
PENURUNAN BERSIH NET DECREASE IN

KAS DAN SETARA KAS 2.361.789.792 (996.972.166) CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AWAL TAHUN 3.149.113.800 4 4.146.085.966 AT BEGINNING OF YEAR

AKHIR TAHUN 5.510.903.592 4 3.149.113.800 AT END OF YEAR
7

CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2019 dan untuk As of December 31, 2019 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
1. UMUM 1. GENERAL
a. Pendirian Perusahaan a. The Company’s establishment
PT Angkasa Pura I (Persero) ("Perusahaan") PT Angkasa Pura I (Persero) ("the Company")

pertama kali didirikan dalam bentuk was first established as a State Company by the
Perusahaan Negara dengan nama Perusahaan name of the State Enterprise (PN) Angkasa
Negara (PN) Angkasa Pura Kemayoran Pura Kemayoran by the Indonesian
berdasarkan Peraturan Pemerintah Republik Government Regulation (PP) No. 33 Year 1962
Indonesia (PP) No. 33 Tahun 1962 tentang on the Establishment of the State Enterprise
Pendirian Perusahaan Negara (PN) Angkasa (PN) Angkasa Pura Kemayoran. Based on the
Pura Kemayoran. Berdasarkan PP No. 21 PP No. 21 Year 1965 on the Amendment and
Tahun 1965 tentang Perubahan dan Tambahan Supplement to Government Regulation No. 33
PP No. 33 Tahun 1962, PN Angkasa Pura Year 1962, PN Angkasa Pura Kemayoran
Kemayoran berubah nama menjadi PN changed its name to PN Angkasa Pura.
Angkasa Pura. Selanjutnya, berdasarkan PP Furthermore, based on the PP No. 37 Year
No. 37 Tahun 1974 tentang Perusahaan Umum 1974 on Public Company Angkasa Pura, PN
Angkasa Pura, PN Angkasa Pura dilanjutkan Angkasa Pura continues its establishment and
berdirinya dan ditetapkan bentuk usahanya set its business form into Public Corporation
menjadi Perusahaan Umum (Perum) (Perum) as defined in Article 2 paragraph (2) of
sebagaimana dimaksud dalam Pasal 2 ayat (2) Law No. 9 Year 1969, under the name Public
Undang-Undang No. 9 Tahun 1969, dengan Corporation (Perum) "Angkasa Pura".
nama Perusahaan Umum (Perum) “Angkasa
Pura”.
Dalam rangka pembagian wilayah pengelolaan In the framework of the division of management
bandar udara, Perum Angkasa Pura of airports, Perum Angkasa Pura as stipulated
sebagaimana dimaksud dalam PP No. 3 Tahun in PP No. 3 Year 1985 was renamed to the
1985 diubah namanya menjadi Perum Angkasa Perum Angkasa Pura I based on the PP No. 25
Pura berdasarkan PP No. 25 Tahun 1986. Year 1986. Furthermore, based on PP No. 5
Selanjutnya berdasarkan PP No. 5 Tahun 1992 Year 1992 on the Conversion of Perum
tentang Pengalihan Bentuk Perum Angkasa Angkasa Pura I into a Limited Company
Pura I menjadi Perusahaan Perseroan (Persero) ("PP No. 5/1992"), the legal entity of
(Persero) (“PP No.5/1992”), bentuk badan Perum Angkasa Pura I is converted into a
hukum Perum Angkasa Pura I diubah menjadi Limited Company (PT). With the conversion of
Perseroan Terbatas (PT). Dengan dialihkannya Perum Angkasa Pura I into a Limited Company
bentuk Perum Angkasa Pura I menjadi (Persero), Perum Angkasa Pura I is liquidated
Perusahaan Perseroan (Persero), Perum at the time of the establishment of the Company
Angkasa Pura I dinyatakan bubar pada saat (Persero) with the provision that all rights and
pendirian Perusahaan Perseroan (Persero) obligations, property and employees of General
tersebut dengan ketentuan bahwa segala hak Company (Perum) Angkasa Pura I, which
dan kewajiban, kekayaan serta pegawai Perum existed at the time of its liquidation are
Angkasa Pura I yang ada pada saat transferred to the Company (Persero).
pembubarannya beralih kepada Perusahaan
Perseroan (Persero) yang bersangkutan.
Perusahaan mulai beroperasi sejak The Company started its operations since the
dialihkannya status hukum dari Perum menjadi transfer of legal status from the General
bentuk usaha Perseroan Terbatas (PT) tahun Company into a Limited Company (PT)
1993. in 1993.
8

1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Perusahaan (lanjutan) a. The Company’s establishment (continued)
Dalam rangka pelaksanaan PP No. 5/1992 In the implementation of PP No. 5/1992 the
ditandatangani Akta Pendirian Perseroan Deed of Establishment of a Limited Liability
Terbatas Angkasa Pura I (Persero) No. 1 Company Angkasa Pura I (Persero) No. 1
tanggal 2 Januari 1993, sebagaimana dated January 2, 1993 was signed, as
diperbaiki dengan Akta Pembetulan No. 95 corrected by Deed of Rectification No.95 dated
tanggal 19 Maret 1993 keduanya dibuat di March 19, 1993, both made by Muhani Salim
hadapan Muhani Salim S.H., Notaris di Jakarta, S.H, Notary in Jakarta, which has been
yang telah memperoleh pengesahan Menteri approved by the Ministry of Justice by Decree
Kehakiman berdasarkan Keputusan No. C2- No. C2-2470.HT.01.01. th.93 dated April 24,
2470.HT.01.01. th.93 tanggal 24 April 1993 dan 1993 and was registered at the Central Jakarta
telah didaftarkan pada Kepaniteraan District Court No. 1370/1993 dated May 19,
Pengadilan Negeri Jakarta Pusat 1993 and was published in the State Gazette of
No. 1370/1993 tanggal 19 Mei 1993 dan telah the Republic of Indonesia No.52 dated June 29,
diumumkan dalam Berita Negara Republik 1993, the Official Gazette of the Republic of
Indonesia No. 52 tanggal 29 Juni 1993, Indonesia No. 2914.
Tambahan Berita Negara Republik Indonesia
No. 2914.
Berdasarkan pasal 3 Anggaran Dasar Based on article 3 of the Company’s Articles of

Perusahaan, kegiatan utama Perusahaan Association, its main activities are conducting
adalah menyelenggarakan usaha jasa airport service business and other related
kebandarudaraan dan pelayanan jasa terkait businesses in conformity with business
bandar udara dan usaha-usaha lainnya yang principles of a Limited Company.
mempunyai hubungan dengan usaha tersebut
sesuai dengan prinsip-prinsip Perseroan
Terbatas.
Perusahaan dapat pula mendirikan atau The Company may also establish other entities
menjalankan perusahaan lainnya yang or undertake other ventures related to those
mempunyai hubungan dengan usaha tersebut business activities either individually or in
di atas baik sendiri-sendiri maupun bersama- partnership with other parties provided that
sama dengan badan lain sepanjang tidak those are permissible under the prevailing laws
bertentangan dengan peraturan perundang- and regulations and the Company's articles of
undangan yang berlaku dan sesuai dengan association.
ketentuan dalam anggaran dasar Perusahaan.
Berdasarkan PP No. 77 Tahun 2012 Tentang Based on PP No. 77 Year 2012 Regarding
Perum Lembaga Penyelenggara Pelayanan Perum of Lembaga Penyelenggara Pelayanan
Navigasi Penerbangan Indonesia (LPPNPI), Navigasi Penerbangan Indonesia (LPPNPI),
jasa pelayanan penerbangan tidak dikelola oleh aviation services are not managed by the
Perusahaan sejak tanggal 16 Januari 2013. Company since January 16, 2013.
Induk Perusahaan, yang juga adalah induk The Company’s parent, which is also the
terakhir Perusahaan, adalah Pemerintah Company’s ultimate parent, is the Government
Republik Indonesia. of the Republic of Indonesia.
9

Perusahaan berkantor pusat di Kemayoran, The Company is headquartered in Kemayoran,

Jakarta. Pada tahun 2019, bandara yang Jakarta. In 2019, airports managed by the
dikelola oleh Perusahaan sebanyak 14 sesuai Company are as many as 14 according to
Keputusan Menteri Perhubungan No. KM 122 Decree of the Minister of Communication No.
Tahun 2019 tentang Perusahaan sebagai KM 122 Year 2019 regarding the Company as
Badan Usaha Bandar Udara (BUBU) yaitu: Airport Business Entity (BUBU) is:
1) Bandara/Airport I Gusti Ngurah Rai (DPS) - Bali

2) Bandara/Airport Juanda Surabaya (SUB) - Surabaya
3) Bandara/Airport Sultan Hasanuddin (UPG) - Makassar
4) Bandara/Airport Sultan Aji Muhammad Sulaiman Sepinggan (BPN) - Balikpapan
5) Bandara/Airport Frans Kaisiepo (BIK) - Biak
6) Bandara/Airport Sam Ratulangi (MDC) - Manado
7) Bandara/Airport Adisutjipto (JOG) - Yogyakarta
8) Bandara/Airport Adi Soemarmo (SOC) - Surakarta
9) Bandara/Airport Syamsuddin Noor (BDJ) - Banjarmasin
10) Bandara/Airport Pattimura (AMQ) - Ambon
11) Bandara/Airport Jendral Ahmad Yani (SRG) - Semarang
12) Bandara/Airport Lombok (LOP) - Praya
13) Bandara/Airport El Tari (KOE) – Kupang
14) Bandara/Airport Yogyakarta (YIA) - Kulonprogo
Selain itu, Perusahaan telah mendirikan In addition, the Company has established
Strategic Business Unit (SBU) Komersial Bali, Commercial Strategic Business Unit (SBU)
yang merupakan unit khusus yang dibentuk Bali, which is a special unit established by the
oleh Direksi dengan fokus meningkatkan Directors to focus on increasing non-
pendapatan non-aeronautika di Bandara aeronautical revenues at I Gusti Ngurah Rai
Internasional I Gusti Ngurah Rai Bali. International Airport Bali.
Selain itu, ekspansi usaha Perusahaan In addition, the Company's business expansion
dilakukan dengan pembentukan entitas anak is done by establishing subsidiaries (Note 1c).
(Catatan 1c).
Dalam rangka pengembangan bandar udara, In the development of airports, Directors issued
Direksi menerbitkan keputusan untuk a decree to establish the organization and
membentuk organisasi dan tata kerja proyek project operating procedures as follows:
sebagai berikut :
a. Sesuai dengan Keputusan Direksi a. In accordance with the Decision of the

PT Angkasa Pura I (Persero) Directors of PT Angkasa Pura I (Persero)
No. KEP.145/OM.01.01/2016 tanggal No. KEP.145/OM.01.01/2016 dated
23 September 2016 tentang Organisasi September 23, 2016 about the
dan Tata Kerja Proyek Pengembangan Organization and Operating Procedure
Bandar Udara Internasional Yogyakarta. Development Project of International
Airport Yogyakarta.
10

Dalam rangka pengembangan bandar udara In the development of airports, Directors issued
Direksi menerbitkan keputusan untuk a decree to establish the organization and
membentuk organisasi dan tata kerja proyek project working procedures as follows:
sebagai berikut: (lanjutan) (continued)
b. Sesuai dengan Keputusan Direksi b. In accordance with the Decision of the

PT Angkasa Pura I (Persero) No. Board of Directors of PT Angkasa Pura I
KEP.24/OM.01.01/2016 tanggal (Persero) No. KEP.24/OM.01.01/2016
11 Februari 2016 tentang perubahan atas dated February 11, 2016 on amendments
keputusan Direksi PT Angkasa Pura I to the decision of the Directors of PT
(Persero) No. KEP.107/OM.01.01/2014 Angkasa Pura I (Persero) No.
tentang Organisasi dan Tata Kerja Proyek KEP.107/OM.01.01/2014 about the
Pengembangan Bandar Udara Ahmad Organization and Operating Procedure
Yani-Semarang. Development Project of Ahmad Yani
International Airport-Semarang.
c. Sesuai dengan Keputusan Direksi c. In accordance with the Decision of

PT Angkasa Pura I (Persero) No. Directors of PT Angkasa Pura I (Persero)
KEP.176/OM.01.01/2014 tanggal No. KEP.176/OM.01.01/2014 dated
15 Desember 2014 tentang Organisasi dan December 15, 2014 about the
Tata Kerja Proyek Pengembangan Bandar Organization and Operating Procedure
Udara Syamsudin Noor - Banjarmasin. Development Project of Syamsudin Noor
Airport in Banjarmasin.
b. Dewan Komisaris dan Direksi, Komite Audit b. Board of Commissioners and Directors,
dan Karyawan Audit Committee and Employees
Susunan Dewan Komisaris dan Direksi The compositions of the Company’s Board
Perusahaan pada tanggal 31 Desember 2019 of Commissioners and Directors as of
dan 2018 adalah sebagai berikut: December 31, 2019 and 2018 are as follows:
31 Desember 2019/ 31 Desember 2018/

December 31, 2019 December 31, 2018
Dewan Komisaris Board of Commissioners
Komisaris Utama Djoko Sasono Djoko Sasono President Commissioner
Komisaris Independen*) - Anandy Wati Independent Commissioner*)
Komisaris Suprasetyo Suprasetyo Commissioner
Komisaris Ali Mochtar Ngabalin Ali Mochtar Ngabalin Commissioner
Komisaris Tri Budi Satriyo Tri Budi Satriyo Commissioner
Komisaris Harry Z. Soeratin Harry Z. Soeratin Commissioner
Direksi Directors
Direktur Utama Faik Fahmi Faik Fahmi President Director
Direktur Teknik Lukman F. Laisa Lukman F. Laisa Technical Director
Direktur Operasi Wendo Asrul Rose Wendo Asrul Rose Operation Director
Direktur Pemasaran
dan Pelayanan Devy W. Suradji Devy W. Suradji Marketing and Service Director
Direktur Keuangan Novrihandri Novrihandri Finance Director
Human Capital and
Direktur SDM dan Umum Adi Nugroho Adi Nugroho General Affair Director
Direktur Pengembangan Sardjono Jhony Sardjono Jhony Business Development
Usaha Tjitrokusumo Tjitrokusumo Director
*) Jabatan sebagai Komisaris telah berakhir pada tanggal 26 April 2019/Position as Commissioner has ended on April 26, 2019
11

b. Dewan Komisaris dan Direksi, Komite Audit b. Board of Commissioners and Directors,
dan Karyawan (lanjutan) Audit Committee and Employees
(continued)
Susunan Komite Audit Perusahaan pada The compositions of the Company’s Audit
tanggal 31 Desember 2019 dan 2018 adalah Committee as of December 31, 2019 and 2018
sebagai berikut: are as follows:

Ketua Harry Z. Soeratin Anandy Wati Chairman
Wakil Ketua I Djoko Sasono Harry Z. Soeratin Vice Chairman I
Wakil Ketua II - Djoko Sasono Vice Chairman II
Anggota Suka Edi Prasetyo Agus Waluyo Member
Anggota Syaiful Syaiful Member
Total manfaat yang dibayarkan oleh Kelompok Total benefits paid by the Group for the Board
Usaha untuk Dewan Komisaris dan Direksi of Commissioners and Directors amounted to
sebesar Rp133.531.249 dan Rp116.429.651 Rp133,531,249 and Rp116,429,651 for the
masing-masing untuk tahun yang berakhir pada years ended December 31, 2019 and 2018,
tanggal 31 Desember 2019 dan 2018 (tidak respectively (unaudited).
diaudit).
Pada tanggal 31 Desember 2019 dan 2018, On December 31, 2019 and 2018, the number
jumlah karyawan tetap Kelompok Usaha of permanent employees of the Group are
masing-masing sebanyak 4.562 dan 4.389 4,562 and 4,389, respectively (unaudited).
orang (tidak diaudit).
Laporan keuangan konsolidasian PT Angkasa The consolidated financial statements of

Pura I (Persero) dan entitas anaknya tanggal 31 PT Angkasa Pura I (Persero) and its
Desember 2019 dan tahun yang berakhir pada subsidiaries as of December 31, 2019
tanggal tersebut diselesaikan dan diotorisasi and for the year then ended are completed and
untuk terbit oleh Direksi Perusahaan pada authorized for issuance on February 28, 2020
tanggal 28 Februari 2020. Direksi Perusahaan by the Company’s Directors. The Company’s
yang menandatangani Surat Pernyataan Directors who signed the Directors’ Statement
Direksi bertanggung jawab atas penyusunan are responsible for the fair preparation and
dan penyajian wajar laporan keuangan presentation of such consolidated financial
konsolidasian tersebut. statements.
c. Entitas anak c. Subsidiaries
Laporan keuangan konsolidasian mencakup The consolidated financial statements include

akun-akun Perusahaan dan entitas anak the accounts of the Company and its
(selanjutnya disebut “Kelompok Usaha”) berikut subsidiaries (collectively referred to hereafter
ini, dimana Perusahaan mempunyai as “the Group”), over which the Company has
pengendalian: control:
Pendirian dan
Beroperasi
Kegiatan Komersial/Year of Total Aset sebelum Eliminasi/
Nama entitas anak/ Usaha/ Establishment & Kepemilikan/ Total Assets before Elimination
Names of Principal Domisili/ Commercial Percentages of
subsidiaries Activity Domicile Operation Ownership 2019 2018
PT Angkasa Pura Logistik Logistik Jakarta 2012 98,00% 302.928.238 247.876.813

PT Angkasa Pura Hotel Hotel Jakarta 2012 99,99% 738.816.758 728.225.102
PT Angkasa Pura Properti Properti Jakarta 2012 99,96% 537.395.635 485.594.811
PT Angkasa Pura Suport Jasa Jakarta 2012 99,81% 1.393.988.229 1.018.677.301
PT Angkasa Pura Retail Trading Jakarta 2014 97,50% 90.226.172 81.063.880
12


c. Entitas anak (lanjutan) c. Subsidiaries (continued)
PT Angkasa Pura Logistik (“APL”) PT Angkasa Pura Logistik (“APL”)
APL didirikan berdasarkan Akta Notaris Nanda APL was established based on the Deed of
Fauz Iwan SH, M.Kn No. 01 tanggal Notary Nanda Fauz Iwan SH, M.Kn No. 01
6 Januari 2012 dan telah beberapa kali diubah dated January 6, 2012 and has been amended
terakhir dengan Akta No. 20 tanggal several times the latest by Deed No. 20 dated
23 Mei 2014. Akta tersebut telah disahkan oleh May 23, 2014. The Deed has been approved
Menteri Hukum dan Hak Asasi Manusia by the Ministry of Law and Human Rights of the
Republik Indonesia melalui Surat Keputusan Republic of Indonesia through Decision Letter
No. AHU-03158.AH.01.01. Tahun 2012 tanggal No. AHU-03158.AH.01.01. Year 2012 dated
18 Januari 2012. January 18, 2012.
APL memiliki modal dasar sebesar APL has authorized capital of Rp80,000,000
Rp80.000.000 terbagi dalam 80.000 saham divided into 80,000 shares with par value of
dengan nilai nominal per sahamnya sebesar Rp1,000,000 (full amount) per share issued and
Rp1.000.000 (angka penuh) modal fully paid-up capital of Rp25,000,000.
ditempatkan dan disetor sebesar
Rp25.000.000.
Perubahan Anggaran Dasar terakhir APL The latest Amendment of APL’s Article of
berdasarkan Akta Notaris Nanda Fauz Iwan, Association based on Notarial Deed of Nanda
S.H., M.Kn. No.05 tanggal 28 Oktober 2019 Fauz Iwan, SH, M.Kn. No.05 dated
tentang Perubahan Anggaran Dasar Mengenai October 28, 2019 regarding Amendment to the
Maksud dan Tujuan Serta Kegiatan Articles of Association Regarding the Purpose
Usaha PT Angkasa Pura Logistik, telah and Objectives and Business Activities of
diberitahukan kepada Kementerian Hukum dan PT Angkasa Pura Logistik, has been
Hak Asasi Manusia Republik Indonesia melalui approved by the Ministry of Law and Human
Surat Penerimaan Pemberitahuan Rights of the Republic of Indonesia
No. AHU-0088543.AH.01.02.Tahun 2019 through Notification Receipt Letter
tanggal 30 Oktober 2019. No. AHU-0088543.AH.01.02.Year 2019 dated
October 30, 2019.
Kegiatan utama APL berdasarkan Anggaran The main business of APL based on its Articles
Dasarnya, melingkupi bidang Pergudangan dan of Association, comprises of Warehousing and
Aktivitas Penunjang Angkutan, Aktivitas Agen Transportation Support Activities, Travel Agent
Perjalanan, Penyelenggara Tur dan Jasa Activities, Tour Operators and Other
Reservasi Lainnya, Aktivitas Penyewaan dan Reservation Services, Rental and Leasing
Sewa Guna Usaha Tanpa Hak Opsi, Aktivitas Activities without Option Rights, Post and
Pos dan Kurir, Pengelolaan dan Daur Ulang Courier Activities, Waste Management and
Sampah, Angkutan Darat dan Angkutan Melalui Recycling, Land Transportation and
Saluran Pipa, Real Estate, Konstruksi Khusus, Transportation through Pipelines, Real Estate,
Angkutan Perairan, dan Angkutan Udara. Special Construction, Water Transportation,
and Air Transportation.
Susunan pemegang saham dan kepemilikan The details of the shareholders and their share
saham APL pada tanggal 31 Desember 2019 ownerships of APL as of December 31, 2019
adalah sebagai berikut: are as follows:
Saham Ditempatkan Persentase

Total Saham/ dan Disetor/ Kepemilikan/
Total Shares Shares Issued Percentage
Pemegang Saham (Lembar/Shares) and Fully Paid of Ownership (%) Shareholders
PT Angkasa Pura I (Persero) 24.500 24.500.000 98,00 PT Angkasa Pura I (Persero)

Pusat Koperasi Karyawan Pusat Koperasi Karyawan
Angkasa Pura I Angkasa Pura I
(Puskokapura) 500 500.000 2,00 (Puskokapura)
Total 25.000 25.000.000 100,000 Total
13

PT Angkasa Pura Hotel (“APH”) PT Angkasa Pura Hotel (“APH”)
APH didirikan berdasarkan Akta Notaris Nanda APH was established based on Notarial Deed
Fauz lwan SH, M.Kn No. 03 tanggal of Nanda Fauz lwan SH, M.Kn No. 03 dated
6 Januari 2012 dan telah disahkan oleh Menteri January 6, 2012 and has been approved by the
Hukum dan Hak Asasi Manusia Republik Ministry of Law and Human Rights of the
Indonesia melalui Surat Keputusan Republic of Indonesia through Decision Letter
No. AHU- 03688.AH.01.01.Tahun 2012 No. AHU-03688.AH.01.01. Year 2012 dated
tertanggal 20 Februari 2012. February 20, 2012.
Anggaran Dasar APH telah beberapa kali APH’s Article of Association has been amended
diubah terakhir dengan Akta Notaris Nanda several times, recently through Notarial Deed of
Fauz lwan SH, M.Kn No. 03 tanggal Nanda Fauz Iwan SH, M.Kn, No. 03 dated
14 November 2017 tentang penambahan November 14, 2017 regarding addition of
anggaran dasar perseroan terbatas articles of association for companies
PT Angkasa Pura Hotel, dan telah disahkan PT Angkasa Pura Hotel, and which has been
oleh Kementerian Hukum dan Hak Asasi approved by the Ministry of Law and Human
Manusia Republik Indonesia melalui Surat Rights of the Republic of Indonesia through its
Keputusan No. AHU-0005993.AH.01.02 Decision Letter No. AHU-0005993.AH.01.02
tanggal 10 Maret 2017. dated March 10, 2017.
Kegiatan utama APH berdasarkan Anggaran The main business of APH based on its Articles
Dasarnya meliputi: of Association consist of:
a. Di bidang perhotelan meliputi penyediaan a. In the field of hospitality, it includes the

kamar menginap, airport hotel, lounge, provision of stay rooms, airport hotels,
food and beverage, travel agent, lounges, food and beverage, travel agents,
penyediaan makanan lainnya dan kegiatan provision of other food and tourism related
usaha yang berkaitan dengan business activities including the provision
kepariwisataan termasuk didalamnya of convention rooms, conferences and
penyediaan ruangan/tempat konvensi, exhibitions, including food and drink
kongres dan pameran, termasuk services, washing services clothing,
pelayanan makan dan minum, pelayanan providing accommodation facilities and
pencucian pakaian, penyediaan fasilitas other services needed.
akomodasi dan pelayanan lain yang
diperlukan.
b. Di bidang jasa meliputi jasa konsultasi b. In the field of services include hospitality
bidang perhotelan, jasa management consulting services, hotel management
hotel, villa, jasa pelayanan penumpang di services, villas, airport passenger services,
Bandara, jasa pengelolaan hotel, jasa hotel management services, restaurant/
rumah makan/restoran, jasa boga restaurant services, food and beverage
makanan dan minuman termasuk services including the provision of food and
penyediaan makanan dan minuman di beverages on airplanes.
dalam pesawat terbang.
c. Di bidang perdagangan meliputi c. In the field of trade includes trade in food

perdagangan makanan dan minuman. and beverages.
APH memiliki modal dasar sebesar APH has authorized capital of Rp2,000,000,000
Rp2.000.000.000 terbagi dalam 2.000.000 divided into 2,000,000 shares with par value of
saham dengan nilai nominal saham sebesar Rp1,000,000 (full amount) per share issued and
Rp1.000.000 (angka penuh) modal fully paid-up capital of Rp649,904,000.
Rp649.904.000.
14

PT Angkasa Pura Hotel (“APH”) (lanjutan) PT Angkasa Pura Hotel (“APH”) (continued)
saham APH pada tanggal 31 Desember 2019 ownerships of APH as of December 31, 2019


Total 649.904 649.904.000 100,00 Total
PT Angkasa Pura Properti (“APP”) PT Angkasa Pura Properti (“APP”)
APP didirikan berdasarkan Akta Notaris Nanda APP was established based on Notarial Deed
Fauz lwan SH, M.Kn., No. 02 tanggal 6 Januari of Nanda Fauz lwan SH, M.Kn., No. 02 dated
2012 dan telah disahkan oleh Menteri Hukum January 6, 2012 and has been approved by the
dan Hak Asasi Manusia Republik Indonesia Ministry of Law and Human Rights through its
melalui Surat Keputusan No. AHU- Decision Letter No. AHU- 03704.AH.01.01 Year
03704.AH.01.01 Tahun 2012 tanggal 2012 dated February 20, 2012. APP’s Article of
20 Januari 2012. Anggaran Dasar APP telah Association has been amended several times,
beberapa kali diubah terakhir berdasarkan Akta recently through Notarial Deed of Nanda Fauz
Notaris Nanda Fauz lwan SH, M.Kn No. 08 Iwan SH, M.Kn, No. 08 dated October 31, 2019
tanggal 31 Oktober 2019 tentang Perubahan regarding Purpose and Objectives and
Anggaran Dasar Mengenai Maksud dan Tujuan Business Activities of PT Angkasa Pura
Serta Kegiatan Usaha PT Angkasa Pura Properti, and which have been approved by the
Properti, dan telah disahkan oleh Kementerian Ministry of Law and Human Rights of the
Hukum dan Hak Asasi Manusia Republik Republic of Indonesia through its Decision
Indonesia melalui Surat Keputusan Letter No. 0090336.AH.01.02.Year 2019 dated
No. AHU-0090336.AH.01.02.Tahun 2019 November 5, 2019.
tanggal 5 November 2019.
Kegiatan utama APP berdasarkan Anggaran The main business of APP based on its Articles
Dasarnya meliputi konstruksi gedung dan of Association comprises civil construction and
bangunan sipil, konstruksi khusus, building construction, special construction,
perdagangan besar, bukan mobil dan sepeda wholesale trade, non-car and motorbike, real
motor, real estate, pengelolaan air dan daur estate, water management and waste
ulang sampah, aktivitas remediasi, recycling, remediation activities, warehousing
pergudangan dan aktivitas penunjang and transportation support activities, service
angkutan, aktivitas penyedia jasa untuk provider activities for buildings, parks and
gedung, pertamanan dan olahraga. sports
APP memiliki modal dasar sebesar APP has authorized capital of Rp168,000,000
dengan nilai nominal saham sebesar Rp1,000,000 (full amount) per share issued and
Rp1.000.000 (angka penuh) dan modal fully paid-up capital of Rp168,000,000.
Rp168.000.000.
15

PT Angkasa Pura Properti (“APP”) (lanjutan) PT Angkasa Pura Properti (“APP”)

(continued)
saham APP pada tanggal 31 Desember 2019 ownerships of APP as of December 31, 2019

Total 168.000 168.000.000 100,00 Total
PT Angkasa Pura Suport (“APS”) PT Angkasa Pura Suport (“APS”)
APS didirikan berdasarkan Akta Notaris Nanda APS was established based on Notarial Deed
Fauz Iwan SH, M.Kn., No. 03 tanggal 9 Februari of Notary Nanda Fauz Iwan SH, M.Kn., No. 03
2012 dan telah disahkan oleh Kementerian dated February 9, 2012 and has been approved
Hukum dan Hak Asasi Manusia Republik by the Ministry of Law and Human Rights
Indonesia melalui Surat Keputusan No. AHU- through its Decision Letter No. AHU-
08735.AH.01.01 Tahun 2012 tanggal 08735.AH.01.01 Year 2012 dated February 20,
20 Februari 2012. Anggaran Dasar Perusahaan 2012. The Article of Association has been
telah beberapa kali diubah, terakhir amended several times, recently based on
berdasarkan Akta Notaris Nanda Fauz Iwan Notarial Deed of Notary Nanda Fauz Iwan SH,
SH, M.Kn., No. 10 tanggal 31 Oktober 2019 M.Kn., No. 10 dated October 31, 2019
tentang Perubahan Anggaran Dasar Mengenai regarding Purpose and Objectives and
Maksud dan Tujuan Serta Kegiatan Usaha PT Business Activities of PT Angkasa Pura Suport.
Angkasa Pura Suport. Akta tersebut telah The Deed has been approved by the Ministry of
disahkan melalui keputusan Menteri Hukum Law and Human Rights of the Republic of
dan Hak Asasi Manusia Republik Indonesia No. Indonesia No. 0090368.AHA.01.02.Year 2019
AHU-0090368.AHA.01.02.Tahun 2019 tanggal dated November 5, 2019.
5 November 2019.
Kegiatan utama APS berdasarkan Anggaran The main activities of the APS based on its
Dasarnya meliputi jasa pendukung Articles of Association include airport support
kebandarudaraan serta optimalisasi services and optimizing the use of company
pemanfaatan sumber daya perseroan untuk resources to produce high-quality
menghasilkan barang/jasa yang bermutu tinggi. goods/services.
APS memiliki modal dasar sebesar APS has authorized capital of Rp1,000,000,000
Rp1.000.000.000 terbagi dalam 1.000.000 divided into 1,000,000 shares with par value of
saham dengan nilai nominal saham sebesar Rp1,000,000 (full amount) per share and issued
Rp1.000.000 (angka penuh) dan modal and fully paid-up capital of Rp250,480,000.
Rp250.480.000.
16


PT Angkasa Pura Suport (“APS”) (lanjutan) PT Angkasa Pura Suport (“APS”)
(continued)
saham APS pada tanggal 31 Desember 2019 ownerships of APS as of December 31, 2019


Total 250.480 250.480.000 100,00 Total
PT Angkasa Pura Retail (“APR”) PT Angkasa Pura Retail (“APR”)
APR didirikan berdasarkan Akta Notaris Nanda APR was established based on Notarial Deed
Fauz Iwan, S.H, M.Kn., No. 11 tanggal No. 11 Notary Nanda Fauz Iwan, S.H, M.Kn in
23 September 2014 dan telah disahkan oleh South Jakarta, dated September 23, 2014 and
Kementrian Hukum dan Hak Asasi Manusia was approved by of the Ministry of Law and
Republik Indonesia melalui Surat Keputusan Human Rights Republic of Indonesia through
No. AHU-26401.40.10.2014 Tahun 2014 Decree No. AHU-26401.40.10.2014 Year 2014
tanggal 24 September 2014. dated September 24, 2014.
Kegiatan utama APR berdasarkan Anggaran The main business of APR based on its Articles
Dasarnya adalah menjalankan usaha dalam of Association is comprises of field of Retail and
bidang pengelolaan Retail dan Food & Food & Beverages management aimed at
Beverages yang ditujukan kepada para airport service users.
pengguna jasa bandar udara.
APR memiliki modal dasar sebesar APR has authorized capital of Rp200,000,000
dengan nilai nominal saham sebesar Rp1,000,000 (full amount) per share and issued
Rp1.000.000 (angka penuh) dan modal and fully paid-up capital of Rp50,000,000.
Rp50.000.000.
saham APR pada tanggal 31 Desember 2019 ownerships of APR as of December 31, 2019

PT Angkasa Pura Hotel 1.250 1.250.000 2,5 PT Angkasa Pura Hotel
Total 50.000 50.000.000 100,00 Total
17

2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SUMMARY OF SIGNIFICANT ACCOUNTING

POLICIES
Berikut ini adalah kebijakan akuntansi signifikan Presented below are the significant accounting
yang diterapkan dalam penyusunan laporan policies adopted in preparing the Group’s
keuangan konsolidasian Kelompok Usaha yang consolidated financial statements, which are in
sesuai dengan Standar Akuntansi Keuangan di conformity with Indonesian Financial Accounting
Indonesia (SAK) yang mencakup Pernyataan Standards (SAK) which comprises the Statements
Standar Akuntansi Keuangan (PSAK) dan of Financial Accounting Standards (PSAK) and
Interpretasi Standar Akuntansi Keuangan (ISAK) Interpretations of Financial Accounting Standards
yang dikeluarkan oleh Dewan Standar Akuntansi (ISAK) issued by the Board of Financial Accounting
Keuangan Ikatan Akuntan Indonesia dan Keputusan Standards of the Indonesian Institute of Accountants
Ketua Bapepam-LK No. KEP-347/BL/2012 and Decree of the Chairman of Bapepam-LK
tertanggal 25 Juni 2012 tentang Penyajian dan No. KEP-347/BL/2012 dated June 25, 2012
Pengungkapan Laporan Keuangan Emiten atau regarding the Presentation and Disclosure of
Perusahaan Publik. Kebijakan ini telah diterapkan Financial Statements of an Issuer or a Public
secara konsisten terhadap seluruh periode yang Company. These policies have been consistently
disajikan, kecuali jika dinyatakan lain. applied to all periods presented, unless otherwise
stated.
a. Dasar penyajian laporan keuangan a. Basis of preparation of the consolidated

konsolidasian financial statements
Laporan keuangan konsolidasian, kecuali The consolidated financial statements, except

laporan arus kas konsolidasian, disusun for the consolidated statement of cash flows,
berdasarkan konsep akrual dan biaya are prepared using the accrual basis and based
perolehan historis, kecuali beberapa akun on historical costs, except for certain accounts
tertentu yang diukur dengan cara sebagaimana which are measured on the basis described in
yang diuraikan dalam kebijakan akuntansi di the related accounting policies of those
akun yang bersangkutan. accounts.
Laporan arus kas konsolidasian disajikan The consolidated statement of cash flows is
dengan menggunakan metode langsung yang presented using the direct method by
mengelompokkan penerimaan dan classifying the receipts and disbursements of
pengeluaran kas dan setara kas ke dalam cash and cash equivalents into operating,
aktivitas operasi, investasi dan pendanaan. investing and financing activities. For the
Untuk tujuan penyajian laporan arus kas purpose of the consolidated statement of cash
konsolidasian, kas dan setara kas terdiri dari flows, cash and cash equivalents include cash
kas dan bank, simpanan yang sewaktu-waktu on hand and in banks, deposits held at call with
bisa dicairkan dan investasi lancar jangka banks and other short-term highly liquid
pendek lainnya yang jatuh tempo dalam waktu investments with original maturities of 3 (three)
3 (tiga) bulan atau kurang, dikurangi dengan months or less, net of bank overdrafts.
cerukan.
Seluruh angka dalam laporan keuangan All figures in the consolidated financial
konsolidasian ini, dibulatkan dan disajikan statements are rounded and expressed in
dalam ribuan Rupiah (“Rp”), kecuali dinyatakan thousands of Rupiah (“Rp”), unless otherwise
lain. stated.
Mata uang yang digunakan dalam penyusunan The currency used in the preparation of the
laporan keuangan konsolidasian adalah mata consolidated financial statements is the
uang Rupiah Indonesia (Rp) yang merupakan Indonesian Rupiah (Rp) which is the functional
mata uang fungsional Perusahaan dan entitas currency of the Company and its subsidiaries.
anak.
18


(lanjutan) POLICIES (continued)
b. Penerapan standar akuntansi baru b. Adoption of new accounting standards
Efektif tanggal 1 Januari 2019, Kelompok Effective January 1, 2019, the Group adopted
Usaha menerapkan beberapa standar several new accounting standards which are
akuntansi baru yang relevan terhadap relevant to the Group as follows:
Kelompok Usaha berikut ini:
- ISAK 33 - Transaksi Valuta Asing dan - ISAK 33 - Foreign currency Transaction
Imbalan di Muka. and Advance Consideration.
- ISAK 34 - Ketidakpastian dalam - ISAK 34 - Uncertainty in the Treatment of

Perlakukan Pajak Penghasilan. Income Tax.
- Amandemen PSAK 24 (2018) - Imbalan - Amendments to PSAK 24 (2018) -

Kerja tentang Amendemen, Kurtailmen, Employee Benefits on the Plan
atau Penyelesaian Program. Amendment, Curtailment or Settlement.
- Penyesuaian 2018 PSAK 22 - Kombinasi - 2018 Improvement to PSAK 22 – Business

Bisnis. Combination.
- Penyesuaian 2018 PSAK 26 - Biaya - 2018 Improvement to PSAK 26 - Borrowing

Pinjaman. Costs.
- Penyesuaian 2018 PSAK 46 - Pajak - 2018 Improvement to PSAK 46 - Income

Penghasilan. Tax.
- Penyesuaian 2018 PSAK 66 - Pengaturan - 2018 Improvement to PSAK 66 - Joint

Bersama. Arrangements.
Penerapan ini tidak memberikan dampak yang The adoption has no significant impact on the
signifikan terhadap pelaporan keuangan dan financial reporting and disclosures in the
pengungkapan dalam laporan keuangan consolidated financial statements.
konsolidasian.
c. Prinsip-prinsip konsolidasi c. Principles of consolidation
Laporan keuangan konsolidasian meliputi The consolidated financial statements include

laporan keuangan Perusahaan dan entitas the financial statements of the Company and its
anaknya seperti yang diungkapkan dalam subsidiaries as disclosed in Note 1c.
Catatan 1c. Entitas anak merupakan semua Subsidiaries are all entities over which the
entitas dimana Perusahaan terekspos atau Company is exposed, or has rights, to variable
memiliki hak atas imbal hasil variabel dari returns from its involvement with the entities and
keterlibatannya dengan entitas tersebut dan has the ability to affect those returns through its
memiliki kemampuan untuk mempengaruhi power over the entities. Thus, an entity is
imbal hasil tersebut melalui kekuasaannya atas considered a subsidiary if and only if the
entitas tersebut. Dengan demikian, suatu Company has power over the entity, exposure or
entitas dianggap sebagai entitas anak jika dan rights to variable returns from its involvement
hanya jika Perusahaan memiliki kekuasaan with the entity and the ability to use its power
atas entitas tersebut, eksposur atau hak atas over the investee to affect the amount of the
imbal hasil variabel dari keterlibatannya dengan Company’s returns.
entitas tersebut dan kemampuan untuk
menggunakan kekuasaannya atas entitas
tersebut untuk mempengaruhi jumlah imbal
hasil Perusahaan.
19


c. Prinsip-prinsip konsolidasi (lanjutan) c. Principles of consolidation (continued)
Semua saldo dan transaksi antar entitas yang All material intercompany accounts and
material, termasuk keuntungan atau kerugian transactions, including unrealized gains or
yang belum direalisasi, jika ada, dieliminasi losses, if any, are eliminated to reflect the
untuk mencerminkan posisi keuangan dan hasil financial position and the results of operations of
operasi Kelompok Usaha sebagai satu the Group as a single business entity.
kesatuan usaha. Kebijakan akuntansi di entitas Accounting policies of subsidiaries have been
anak telah diubah seperlunya agar konsisten changed where necessary to ensure consistency
dengan kebijakan akuntansi yang diterapkan with the policies adopted by the Group.
oleh Kelompok Usaha.
Entitas anak dikonsolidasikan mulai dari Subsidiaries are fully consolidated from the date
tanggal pengendalian beralih kepada on which control is transferred to the Company.
Perusahaan dan tidak lagi dikonsolidasikan dari They are deconsolidated from the date on which
tanggal hilangnya pengendalian. that control ceases.
Kepentingan nonpengendali (“KNP”) Non-controlling interest (“NCI”) represents the

mencerminkan bagian atas laba rugi, portion of profit or loss, other comprehensive
penghasilan komprehensif lain dan aset neto income and net assets of the subsidiary not
dari entitas anak yang tidak dapat diatribusikan attributable directly or indirectly to the owners of
secara langsung maupun tidak langsung the parent entity, which are presented in the
kepada pemilik entitas induk, yang masing- consolidated statement of profit or loss and other
masing disajikan dalam laporan laba rugi dan comprehensive income and under the equity
penghasilan komprehensif lain konsolidasian section of the consolidated statement of financial
dan sebagai ekuitas dalam laporan posisi position, respectively, separately from the
keuangan konsolidasian, terpisah dari bagian corresponding portion attributable to the owners
yang dapat diatribusikan kepada pemilik entitas of the parent entity.
induk.
Rugi entitas anak yang tidak dimiliki secara Losses of a non-wholly owned subsidiary are
penuh diatribusikan kepada KNP, bahkan jika attributed to NCI even if such losses result in a
hal ini mengakibatkan KNP mempunyai saldo deficit balance for the NCI.
defisit.
Jika kehilangan pengendalian atas suatu entitas In case of loss of control over a subsidiary, the
anak, maka Perusahaan: Company:
• menghentikan pengakuan aset (termasuk • derecognizes the assets (including
setiap goodwill) dan liabilitas entitas anak; goodwill) and liabilities of the subsidiary;
• menghentikan pengakuan jumlah tercatat • derecognizes the carrying amount of any
setiap kepentingan non-pengendali; non-controlling interests;
• menghentikan pengakuan akumulasi selisih • derecognizes the cumulative translation
penjabaran, yang dicatat di ekuitas, bila ada; differences, recorded in equity, if any;
• mengakui nilai wajar pembayaran yang • recognizes the fair value of the
diterima; consideration received;
• mengakui setiap sisa investasi pada nilai • recognizes the fair value of any investment
wajarnya; retained;
• mengakui setiap perbedaan yang dihasilkan • recognizes any surplus or deficit in
sebagai keuntungan atau kerugian dalam consolidated statement of profit or loss; and
laporan laba rugi dan penghasilan other comprehensive income; and
komprehensif lain konsolidasian; dan
• mereklasifikasi bagian Kelompok Usaha • reclassifies its share of components
atas komponen yang sebelumnya diakui previously recognized in other
sebagai penghasilan komprehensif lain ke comprehensive income to profit or loss or
laba rugi, atau mengalihkan secara retained earnings, as appropriate.
langsung ke saldo laba.
20


c. Prinsip-prinsip konsolidasi (lanjutan) c. Principles of consolidation (continued)
Perubahan dalam bagian kepemilikan A change in the ownership interest of a

Kelompok Usaha pada entitas anak yang tidak subsidiary, without a loss of control, is
mengakibatkan hilangnya pengendalian, dicatat accounted for as an equity transaction.
sebagai transaksi ekuitas.
d. Standar akuntansi yang telah disahkan d. Accounting standards issued but not yet
namun belum berlaku efektif effective
Standar akuntansi dan interpretasi yang telah The standards and interpretations that are
disahkan oleh Dewan Standar Akuntansi issued by the Indonesian Financial Accounting
Keuangan (DSAK), tetapi belum berlaku efektif Standards Board (DSAK), but not yet effective
untuk laporan keuangan konsolidasian tahun for current consolidated financial statements
berjalan diungkapan dibawah ini. Kelompok are disclosed below. The Group intends to
Usaha bermaksud untuk menerapkan standar adopt these standards, if applicable, when they
tersebut, jika dipandang relevan efektif sejak 1 effective since January 1, 2020.
Januari 2020.
1) PSAK 71: Instrumen Keuangan, yang 1) PSAK 71: Financial Instruments, adopted
diadopsi dari IFRS 9. from IFRS 9.
PSAK ini mengatur klasifikasi dan This PSAK provides for classification and
pengukuran instrumen keuangan measurement of financial instruments
berdasarkan karakteristik dari arus kas based on the characteristics of contractual
kontraktual dan model bisnis entitas; cash flows and business model of the
metode kerugian kredit ekspektasian untuk entity; expected credit loss impairment
penurunan nilai yang menghasilkan model that will result in a more timely info
informasi yang lebih tepat waktu, relevan information more timely, relevant and
dan dimengerti oleh pemakai laporan understandable to users of financial
keuangan; akuntansi untuk lindung nilai statements; accounting for hedging that
yang merefleksikan manajemen risiko reflect the entity's risk management better
entitas lebih baik dengan memperkenalkan by introducing a more general
persyaratan yang lebih umum berdasarkan requirements based on management's
pertimbangan manajemen. judgment.
2) PSAK 72: Pendapatan dari Kontrak dengan 2) PSAK 72: Revenue from Contracts with
Pelanggan, yang diadopsi dari IFRS 15. Customers, adopted from IFRS 15.
PSAK ini adalah standar tunggal untuk This PSAK is a single standard from a joint
pengakuan pendapatan yang merupakan project between the International
hasil dari joint project yang sukses antara Accounting Standards Board (IASB) and
International Accounting Standards Board the Financial Accounting Standards Board
dan Financial Accounting Standards (FASB), provides revenue recognition from
Board, mengatur model pengakuan contracts with customers, where the entity
pendapatan dari kontrak dengan is expected to analyze before recognizing
pelanggan, sehingga entitas diharapkan the revenue.
dapat melakukan analisis sebelum
mengakui pendapatan.
21


d. Standar akuntansi yang telah disahkan d. Accounting standards issued but not yet
namun belum berlaku efektif (lanjutan) effective (continued)
3) PSAK 73: Sewa, yang diadopsi dari 3) PSAK 73: Leases, adopted from IFRS 16.
IFRS 16.
PSAK ini menetapkan prinsip pengakuan, This PSAK establishes the principles of
pengukuran, penyajian, dan recognition, measurement, presentation,
pengungkapan atas sewa dengan and disclosure of the lease by introducing
memperkenalkan model akuntansi tunggal a single accounting model, with the
dengan mensyaratkan untuk mengakui requirement to recognize the right-of-use
aset hak-guna (right-of-use assets) dan assets and liability of the lease. There are
liabilitas sewa. Terdapat 2 pengecualian 2 optional exclusions in the recognition of
opsional dalam pengakuan aset dan the lease assets and liabilities: (i) short-
liabilitas sewa, yakni untuk: (i) sewa term lease and (ii) lease with low-value
jangka-pendek dan (ii) sewa yang aset underlying assets.
pendasarnya (underlying assets) bernilai-
rendah.
4) Amandemen PSAK 15 - Investasi pada 4) Amendments to PSAK 15 - Investments in

Entitas Asosiasi dan Ventura Bersama: Joint Associates and Joint Ventures: Long-
Kepentingan Jangka Panjang pada Entitas Term Interests in Associates and Joint
Asosiasi dan Ventura Bersama. Ventures.
Amendemen ini mengatur bahwa entitas These Amendments provide that the entity
juga menerapkan PSAK 71 atas instrumen also applies PSAK 71 on the financial
keuangan pada entitas asosiasi atau instruments in associates or joint ventures
ventura bersama dimana metode ekuitas where the equity method is not applied.
tidak diterapkan. Hal ini termasuk This includes long-term interests that
kepentingan jangka panjang yang secara substantively form the entity's net
substansi membentuk bagian investasi investment in an associates or joint
neto entitas pada entitas asosiasi atau ventures.
ventura bersama.
Kelompok Usaha sedang mengevaluasi The Group is presently evaluating and has not
dampak dari standar akuntansi tersebut dan yet determined the effects of these accounting
belum menentukan dampaknya terhadap standards on its consolidated financial
laporan keuangan konsolidasian. statements.
22


e. Transaksi dengan pihak-pihak berelasi e. Transactions with related parties
Orang atau anggota keluarga terdekat An individual or family member is related to the
mempunyai relasi dengan Perusahaan jika Company if it:
mereka:
(i) memiliki pengendalian atau pengendalian (i) has control or joint control over the
bersama atas Perusahaan; Company;
(ii) memiliki pengaruh signifikan atas (ii) has significant influence over the
Perusahaan;atau Company; or
(iii) merupakan personil manajemen kunci (iii) is a member of the key management
Perusahaan atau entitas induk dari personnel of the Company.
Perusahaan.
Suatu pihak dianggap berelasi dengan A party is considered to be related to the

Perusahaan jika: Company if:
a. langsung, atau tidak langsung yang melalui a. directly, or indirectly through one or more
satu atau lebih perantara, suatu pihak (i) intermediaries, the party (i) controls, is
mengendalikan, atau dikendalikan, atau controlled by, or is under common control
berada di bawah pengendalian bersama with, the Company; (ii) has an interest in
dengan, Perusahaan; (ii) memiliki the Company that gives it significant
kepentingan dalam Perusahaan yang influence over the Company; or (iii) has
memberikan pengaruh signifikan atas joint control over the Company;
Perusahaan; atau (iii) memiliki
pengendalian bersama atas Perusahaan;
b. suatu pihak adalah entitas asosiasi b. the party is an associate of the Company;
Perusahaan;
c. suatu pihak adalah ventura bersama c. the party is a joint venture in which the
dimana Perusahaan sebagai venturer; Company is a venturer;
d. suatu pihak adalah anggota dari personil d. the party is a member of the key
manajemen kunci Perusahaan atau management personnel of the Company or
induknya; its parent;
e. suatu pihak adalah anggota keluarga dekat e. the party is a close member of the family of
dari individu yang diuraikan dalam butir (a) any individual referred to in (a) or (d);
atau (d);
f. suatu pihak adalah entitas yang f. the party is an entity that is controlled,
dikendalikan, dikendalikan bersama atau jointly controlled or significantly influenced
dipengaruhi signifikan oleh atau di mana by or for which significant voting power in
hak suara signifikan dimiliki oleh, langsung such entity resides with, directly or
maupun tidak langsung, individu seperti indirectly, any individual referred to in (d) or
diuraikan dalam butir (d) atau (e); (e);
g. suatu pihak adalah suatu program imbalan g. the party is an employee benefit plan for
kerja untuk imbalan kerja dari Perusahaan the benefit of employees of the Company,
atau entitas yang terkait dengan or of any entity that is a related party of the
Perusahaan. Company.
Seluruh transaksi dan saldo yang signifikan All significant transactions and balances
dengan pihak-pihak berelasi telah diungkapkan with related parties are disclosed in
dalam Catatan 40. Note 40.
23


f. Transaksi dan Saldo dalam Mata Uang Asing f. Foreign Currency Transactions and
Balances
Laporan keuangan konsolidasian disajikan The consolidated financial statements are

dalam Rupiah, yang merupakan mata uang presented in Rupiah, which is the Company’s
fungsional Perusahaan dan mata uang functional currency and the Group’s
penyajian Kelompok Usaha. Transaksi dalam presentation currency. Transactions involving
mata uang asing dicatat dalam mata uang foreign currencies are recorded in Rupiah at the
Rupiah berdasarkan kurs yang berlaku pada rates of exchange prevailing at the time the
saat transaksi dilakukan. Pada akhir periode transactions are made. At the end of the
pelaporan, aset dan liabilitas moneter dalam reporting period, monetary assets and liabilities
mata uang asing dijabarkan ke dalam rupiah denominated in foreign currencies are adjusted
berdasarkan rata-rata kurs jual dan beli yang to reflect the average buying and selling rates
diterbitkan oleh Bank Indonesia pada tanggal of exchange quoted by Bank Indonesia at the
terakhir transaksi perbankan pada tahun yang closing of the last banking day of the year. The
bersangkutan. Laba atau rugi selisih kurs yang resulting gains or losses are credited or
timbul dikreditkan atau dibebankan pada charged to current operations.
operasi tahun berjalan.
Kurs yang digunakan pada tanggal The exchange rates used as of December 31,
31 Desember 2019 dan 2018 adalah sebagai 2019 and 2018 were as follows:
berikut:
2019 2018
Dolar AS 13.901 14.481 US Dollar

Dolar Singapura 10.324 10.603 Singapore Dollar
Keuntungan atau kerugian dari selisih kurs, Realized or unrealized foreign exchange gains
yang sudah terealisasi maupun yang belum, or losses arising from transactions in foreign
baik yang berasal dari transaksi dalam mata currency and from the translation of foreign
uang asing maupun penjabaran aset dan currency monetary assets and liabilities are
liabilitas moneter dibebankan dalam laba rugi, recognized in profit or loss, except when
kecuali jika ditangguhkan dalam penghasilan deferred in other comprehensive income as
komprehensif lain sebagai lindung nilai arus kas qualifying cash flow hedges and qualifying net
dan lindung nilai investasi neto yang memenuhi investment hedges.
syarat.
g. Kas dan setara kas g. Cash and cash equivalents
Kas dan setara kas terdiri dari kas, bank dan Cash and cash equivalents are cash on hand,
deposito berjangka yang jatuh tempo dalam cash in banks and time deposits with maturity
3 (tiga) bulan atau kurang dari tanggal periods of 3 (three) months or less at the time
penempatannya dan tidak digunakan sebagai of placement and which are not used as
jaminan atau dibatasi penggunaannya. collateral or not restricted.
Deposito berjangka dengan jangka waktu lebih Time deposits with maturities of more than
dari 3 (tiga) bulan tapi tidak melebihi 1 (satu) 3 (three) months but not exceeding 1 (one) year
tahun dari tanggal penempatannya disajikan at the time of placement are presented as part
sebagai bagian dari “investasi jangka pendek”. of “short-term investment”.
24


h. Instrumen keuangan h. Financial instruments
h.1. Aset keuangan h.1. Financial assets
Pengukuran awal Initial measurements
Aset keuangan dalam lingkup PSAK Financial assets within the scope of PSAK
No. 55 (Revisi 2014) diklasifikasikan No. 55 (Revised 2014) are classified as
sebagai aset keuangan yang diukur pada financial assets at fair value through
nilai wajar melalui laporan laba rugi dan consolidated statement of profit or loss
penghasilan komprehensif lain and other comprehensive income, loans
konsolidasian, pinjaman yang diberikan and receivables, held-to-maturity
dan piutang, investasi dimiliki hingga jatuh investments, or available-for-sale
tempo, atau aset keuangan tersedia untuk financial assets, as appropriate. The
dijual, mana yang sesuai. Kelompok Group determines the classification of its
Usaha menentukan klasifikasi aset financial assets at initial recognition and,
keuangan pada pengakuan awal dan, jika where allowed and appropriate, re-
diperbolehkan dan diperlukan, evaluate the classification of the asset at
mengevaluasi kembali pengklasifikasian the end of each financial period.
aset tersebut pada setiap akhir periode
keuangan.
Aset keuangan pada awalnya diakui Financial assets are initially recognized at
sebesar nilai wajarnya ditambah (dalam fair value plus (in the case of investments
hal investasi yang tidak diukur pada nilai not at fair value through consolidated
wajar melalui laporan laba rugi dan statement of profit or loss and other
penghasilan komprehensif lain comprehensive income) transaction costs
konsolidasian) biaya transaksi yang dapat that are directly attributable. Purchases or
diatribusikan secara langsung. Pembelian sales of financial assets that require
atau penjualan aset keuangan yang delivery of assets within the time frame
memerlukan pengiriman aset dalam kurun established by regulation or convention in
waktu yang ditetapkan oleh peraturan the marketplace (regular way trades) are
atau kebiasaan yang berlaku di pasar recognized on the trade date, i.e. the date
(perdagangan yang lazim) diakui pada the Group commits to purchase or sell the
tanggal perdagangan, yaitu tanggal asset. The Group's financial assets
Kelompok Usaha berkomitmen untuk include cash and cash equivalents, short-
membeli atau menjual aset tersebut. Aset term investment, trade receivables, other
keuangan Kelompok Usaha meliputi kas receivables, accrued revenues and long-
dan setara kas, investasi jangka pendek, term investments.
piutang usaha, piutang lain-lain,
pendapatan yang masih harus diterima di
muka dan investasi jangka panjang.
25


h. Instrumen keuangan (lanjutan) h. Financial instruments (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Pengukuran setelah pengakuan awal Subsequent measurement
Pengukuran aset keuangan setelah Subsequent measurement of financial

pengakuan awal tergantung pada assets depends on their classification as
klasifikasinya sebagai berikut: follows:
· Aset keuangan yang diukur pada nilai · Financial assets at fair value through
wajar melalui laporan laba rugi. profit or loss.
Aset keuangan yang diukur pada nilai Financial assets at fair value through
wajar melalui laba rugi, termasuk aset profit or loss, including financial assets
keuangan untuk diperdagangkan dan held for trading and financial assets
aset keuangan yang ditetapkan pada designated upon initial recognition as
saat pengakuan awal untuk diukur at fair value through consolidated
pada nilai wajar melalui laporan laba statement of profit or loss and other
rugi dan penghasilan komprehensif comprehensive income.
lain konsolidasian.
Aset keuangan yang diukur pada nilai Financial assets at fair value through
wajar melalui laporan laba rugi dan consolidated statement of profit or loss
penghasilan komprehensif lain and other comprehensive income are
konsolidasian disajikan dalam laporan presented in the consolidated
posisi keuangan konsolidasian pada statement of financial position at fair
nilai wajar dengan keuntungan atau value with gains or loss from changes
kerugian dari perubahan nilai wajar in fair value recognized in the
diakui dalam laporan laba rugi dan consolidated statement of profit or loss
penghasilan komprehensif lain and other comprehensive income.
konsolidasian.
· Pinjaman yang diberikan dan piutang · Loans and receivables
Pinjaman yang diberikan dan piutang Loans and receivables are non-
adalah aset keuangan non-derivatif derivative financial assets with fixed or
dengan pembayaran tetap atau telah determinable payments that are not
ditentukan, yang tidak mempunyai quoted in an active market. After initial
kuotasi di pasar aktif. Setelah measurement, such financial assets
pengukuran awal, aset keuangan are subsequently measured at
tersebut selanjutnya diukur sebesar amortized cost using the Effective
biaya perolehan diamortisasi Interest Rate (“EIR”) method, less
(amortized cost) dengan impairment. Gains and loss are
menggunakan metode Suku Bunga recognized in the statement of
Efektif (“SBE”), setelah dikurangi comprehensive income when the
dengan penurunan nilai. Keuntungan loans and receivables are
dan kerugian diakui dalam laporan derecognized or impaired, as well as
laba-rugi komprehensif pada saat through the amortization process.
pinjaman dan piutang dihentikan
pengakuannya atau mengalami
penurunan nilai, maupun melalui
proses amortisasi.
26


Pengukuran setelah pengakuan awal Subsequent measurement (continued)
(lanjutan)
· Pinjaman yang diberikan dan piutang · Loans and receivables (continued)
(lanjutan)
Aset keuangan Kelompok Usaha The Group’s financial assets include
terdiri dari kas dan setara kas, cash and cash equivalents, short-term
investasi jangka pendek, piutang investment, trade receivables, other
usaha, piutang lain-lain, pendapatan receivables, accrued revenue and
yang masih harus diterima dan long-term investments are within this
investasi jangka panjang Kelompok category.
Usaha termasuk dalam kategori ini.
Kerugian penurunan nilai dilaporkan Impairment loss is reported as a
sebagai pengurang dari nilai tercatat deduction from the carrying value of
dari aset keuangan dalam kelompok the financial assets classified as loans
pinjaman yang diberikan dan piutang, and receivables, and recognized in the
dan diakui di dalam laporan laba rugi consolidated statement of profit or loss
dan penghasilan komprehensif lain and other comprehensive income.
konsolidasian.
· Investasi dimiliki hingga jatuh tempo · Held-to-maturity (“HTM”) investments
[Held to-maturity (“HTM”)]
Aset keuangan non derivatif dengan Non-derivative financial assets with
pembayaran tetap atau telah fixed or determinable payments and
ditentukan dan jatuh temponya telah fixed maturities are classified as HTM
ditetapkan diklasifikasikan sebagai investments when the Company has
investasi dimiliki hingga jatuh tempo the positive intention and ability to hold
ketika Perusahaan memiliki intensi them to maturity.
positif dan kemampuan untuk memiliki
aset keuangan tersebut hingga jatuh
tempo.
Setelah pengukuran awal, investasi After initial measurement, HTM
HTM diukur pada biaya perolehan investments are measured at
diamortisasi dengan menggunakan amortized cost using the EIR method,
metode SBE, setelah dikurangi less impairment. Amortized cost is
dengan penurunan nilai. Amortisasi calculated by taking into account any
biaya perolehan dihitung dengan discount or premium on acquisition
memperhitungkan diskonto atau premi and fees or costs that are an integral
atas biaya perolehan atau biaya yang part of the EIR. The EIR amortization
merupakan bagian integral dari SBE. is included in the statement of
Amortisasi SBE dicatat dalam laporan comprehensive income. The loss
laba-rugi komprehensif. Kerugian arising from impairment are
yang timbul dari penurunan nilai diakui recognized in the consolidated
pada laporan laba rugi dan statement of profit or loss and other
penghasilan komprehensif lain comprehensive income.
konsolidasian.
Kelompok Usaha tidak mempunyai The Group did not have any
investasi yang dimiliki hingga jatuh held-to-maturity investments as of
tempo pada tanggal 31 Desember December 31, 2019 and 2018.
2019 dan 2018.
27



(lanjutan)
· Aset keuangan tersedia untuk dijual · Available-for-sale (“AFS”) financial
[Available-for-sale (“AFS”)] assets
Aset keuangan AFS adalah aset AFS financial assets are non-
keuangan non derivatif yang derivative financial assets that are
ditetapkan sebagai tersedia untuk designated as available-for-sale or
dijual atau yang tidak diklasifikasikan are not classified in any of the three
dalam tiga kategori sebelumnya. preceding categories. After initial
Setelah pengukuran awal, aset measurement, AFS financial assets
keuangan AFS diukur pada nilai wajar are measured at fair value with
dengan keuntungan atau kerugian unrealized gains or loss recognized in
yang belum terealisasi diakui dalam equity until the assets are
ekuitas sampai aset tersebut derecognized, at which time the
dihentikan pengakuannya, pada saat cumulative gain or loss is recognized
keuntungan atau kerugian kumulatif or determined to be impaired, and the
diakui, atau terjadi penurunan nilai, cumulative gain or loss is reclassified
dan laba atau rugi kumulatif from equity to comprehensive income.
direklasifikasi dari ekuitas ke
penghasilan komprehensif.
Investasi yang diklasifikasikan The investments classified as AFS are
sebagai AFS adalah sebagai berikut: as follows:
• Investasi pada saham yang nilai • Investments in shares of stock
wajarnya tidak tersedia dengan whose fair value is not available with
kepemilikan kurang dari 20% dan equity interest of less than 20% and
investasi jangka panjang lainnya other long-term investments are
dinyatakan sebesar biaya stated at cost.
perolehan.
• Investasi pada instrumen utang • Investments in debt instruments
yang tidak ditujukan untuk dimiliki which are not intended to be held to
sampai jatuh tempo diklasifikasikan maturity that have steadily
sebagai AFS, dan dicatat pada nilai determinable are classified as AFS,
wajar. and recorded at fair value.
h.2. Liabilitas keuangan h.2. Financial liabilities
Pengakuan awal Initial recognition
Liabilitas keuangan dalam lingkup PSAK Financial liabilities within the scope of
No. 55 (Revisi 2014) dapat dikategorikan PSAK No. 55 (Revised 2014) are
sebagai liabilitas keuangan yang diukur categorized as financial liabilities at fair
pada nilai wajar melalui laba rugi, liabilitas value through profit or loss, financial
keuangan yang diukur dengan biaya liabilities measured at amortized cost, or
perolehan diamortisasi, atau derivatif as derivatives designated as hedging
yang ditetapkan sebagai instrumen instruments in an effective hedge, as
lindung nilai dalam lindung nilai yang appropriate. The Group determines the
efektif, mana yang sesuai. Kelompok classification of its financial liabilities at
Usaha menentukan klasifikasi liabilitas initial recognition.
keuangan mereka pada saat pengakuan
awal.
28


h. Instrumen keuangan (lanjutan) h. Financial nstruments (continued)
h.2. Liabilitas keuangan (lanjutan) h.2. Financial liabilities (continued)

Pengakuan awal Initial recognition
Saat pengakuan awal, liabilitas keuangan Financial liabilities are recognized initially
diukur pada nilai wajar dan, dalam hal at fair value, and in the case of financial
liabilitas keuangan yang diukur dengan liabilities measured at amortized cost,
biaya perolehan diamortisasi, termasuk inclusive of directly attributable
biaya transaksi yang dapat diatribusikan transaction costs.
secara langsung.
Liabilitas keuangan Kelompok Usaha The Group's financial liabilities include

meliputi utang usaha, utang lain-lain, trade payables, other payables, accrued
beban akrual, pinjaman bank jangka expenses, short-term bank loans, long-
pendek, utang bank jangka panjang, term bank loans, bonds payable and
utang obligasi dan sukuk ijarah, dan utang sukuk ijarah, and other long-term
jangka panjang lainnya. liabilities.
Pengukuran setelah pengakuan awal Subsequent measurement
Pengukuran liabilitas keuangan Measurement of financial liabilities

tergantung pada klasifikasinya sebagai depends on their classification as follows:
berikut:
· Liabilitas keuangan yang diukur pada · Financial liabilities at fair value through
nilai wajar melalui laba rugi profit or loss
Liabilitas keuangan yang diukur pada Financial liabilities at fair value through
nilai wajar melalui laporan laba rugi, profit or loss, including financial
termasuk liabilitas keuangan untuk liabilities held for trading and financial
diperdagangkan dan liabilitas liabilities designated upon initial
keuangan yang ditetapkan pada saat recognition as at fair value through
pengakuan awal untuk diukur pada profit or loss. Financial liabilities are
nilai wajar melalui laporan laba rugi. classified as held for trading if they are
Liabilitas keuangan diklasifikasikan acquired for the purpose of selling or
sebagai kelompok diperdagangkan, repurchasing in the near future.
jika mereka diperoleh untuk tujuan Derivative liabilities are also classified
dijual atau dibeli kembali dalam waktu as held for trading unless they are
dekat. Liabilitas derivatif juga designated as effective hedging
diklasifikasikan sebagai kelompok instruments. Gains or loss on liabilities
yang diperdagangkan, kecuali mereka held for trading are recognized in the
ditetapkan sebagai instrumen lindung consolidated statement of
nilai efektif. comprehensive income.
Keuntungan atau kerugian atas Gains or loss on liabilities held for

liabilitas yang dimiliki untuk trading are recognized in consolidated
diperdagangkan diakui dalam laporan statement of profit or loss and other
laba rugi dan penghasilan comprehensive income.
komprehensif lain konsolidasian.
29


h.2. Liabilitas keuangan (lanjutan) h.2. Financial liabilities (continued)

(lanjutan)
· Pinjaman dan hutang · Loans and borrowings
Liabilitas keuangan Kelompok Usaha The Group's financial liabilities include

meliputi utang usaha, utang lain-lain, trade payables, other payables,
beban akrual, utang bank jangka accrued expenses, short-term bank
pendek, utang bank jangka panjang, loans, long-term bank loans, bonds
utang obligasi dan sukuk ijarah, dan payable and sukuk ijarah and other
utang jangka panjang lainnya long-term liabilities are wiithin this
termasuk dalam kategori ini. category.
Setelah pengakuan awal, pinjaman Measurement after initial recognition,

dan hutang yang dikenakan bunga loans and borrowings are subsequently
selanjutnya diukur pada biaya measured interest at amortized cost
perolehan diamortisasi dengan using the effective interest method.
menggunakan metode SBE. Gains and losses are recognized in the
Keuntungan dan kerugian diakui consolidated statements of
dalam laporan laba-rugi komprehensif comprehensive income when the
konsolidasian pada saat liabilitas liabilities are derecognized as well as
tersebut dihentikan pengakuannya through the EIR amortization process.
serta melalui proses amortisasi SBE.
h.3. Saling hapus dari instrumen keuangan h.3. Offsetting of financial instruments
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities
saling-hapus dan nilai bersihnya are netted off and the net amount-
dilaporkan dalam laporan posisi reported in the consolidated statement of
keuangan konsolidasian jika, dan hanya financial position if, and only if, currently
jika, saat ini memiliki hak yang has a legally enforceable right to set off
berkekuatan hukum untuk melakukan the mutually-recognized amounts and
saling-hapus atas jumlah yang telah there is an intention to settle net basis, or
diakui dan terdapat niat untuk to realize asset and settle the liability
menyelesaikan secara bersih, atau untuk simultaneously.
merealisasikan aset dan menyelesaikan
liabilitasnya secara bersamaan.
h.4. Nilai wajar instrumen keuangan h.4. Fair value of financial instruments
Nilai wajar instrumen keuangan yang The fair value of financial instruments that
diperdagangkan di pasar aktif pada setiap are traded in active markets at each
tanggal pelaporan ditentukan dengan reporting date is determined by reference
acuan pada kuotasi harga pasar atau to quoted market prices or dealer price
kuotasi harga pedagang efek (harga quotations (bid price for long position and
penawaran untuk posisi beli dan harga ask price for short position), without any
permintaan untuk posisi jual), tidak deduction for transaction costs.
termasuk pengurangan apapun untuk
biaya transaksi.
30


h.4. Nilai Wajar Instrumen Keuangan h.4. Fair Value of Financial Instruments
(lanjutan) (continued)
Untuk instrumen keuangan yang tidak For financial instruments where there is
memiliki pasar aktif, nilai wajar ditentukan no active market, fair value is determined
dengan menggunakan teknik penilaian. using valuation techniques. Such
Teknik penilaian mencakup penggunaan techniques may include using recent
transaksi pasar terkini yang dilakukan arm’s length market transactions,
secara wajar oleh pihak-pihak yang reference to the current fair value of
berkeinginan dan memahami (recent another instrument that is substantially the
arm’s length market transactions), same, discounted cash flow analysis, or
penggunaan nilai wajar terkini instrumen other valuation models.
lain yang secara substansial sama,
analisa arus kas yang didiskonto, atau
model penilaian lain.
Penyesuaian risiko kredit Credit risk adjustment
Kelompok Usaha menyesuaikan harga di The Group adjusts the price in the
pasar yang lebih menguntungkan untuk observable market to reflect any
mencerminkan adanya perbedaan risiko differences in counterparty credit risk
kredit pihak yang bertransaksi antara between instruments traded in the market
instrumen yang diperdagangkan di pasar and the ones being valued for financial
tersebut dengan instrumen yang dinilai asset positions. In determining the fair
untuk posisi aset keuangan. Dalam value of financial liability positions, the
penentuan nilai wajar posisi liabilitas Group's own credit risk associated with
keuangan, risiko kredit Kelompok Usaha the instrument is taken into account.
terkait dengan instrumen keuangan
tersebut ikut diperhitungkan.
h.5. Biaya perolehan diamortisasi atas h.5. Amortized cost on financial

instrumen keuangan instruments
Biaya perolehan diamortisasi dihitung Amortized cost is calculated using the EIR
dengan menggunakan metode SBE less any allowance for impairment and
dikurangi dengan penyisihan atas principal repayment or value that can not
penurunan nilai dan pembayaran pokok be billed. The calculations consider the
atau nilai yang tidak dapat ditagih. premium or discount on acquisition and
Perhitungan tersebut mempertimbangkan includes transaction costs and fees that
premium atau diskonto pada saat are an integral part of the EIR.
perolehan dan termasuk biaya transaksi
dan biaya yang merupakan bagian yang
tak terpisahkan dari SBE.
31


h.6. Penurunan nilai atas aset keuangan h.6. Impairment of financial assets
Pada setiap akhir periode pelaporan, At the end of each reporting period the
Kelompok Usaha mengevaluasi apakah Group assesses whether there is any
terdapat bukti yang obyektif bahwa aset objective evidence that a financial asset or
keuangan atau kelompok aset keuangan a group of financial assets is impaired.
mengalami penurunan nilai.
· Aset keuangan dicatat pada biaya · Financial assets carried at amortized

perolehan diamortisasi cost
Untuk pinjaman yang diberikan dan For loans and receivables carried at
piutang yang dicatat pada amortized cost, the Group first
biaya perolehan diamortisasi, assesses whether objective evidence
Kelompok Usaha terlebih dahulu of impairment exists individually for
menentukan bahwa terdapat bukti financial assets that are individually
obyektif mengenai penurunan nilai significant, or collectively for financial
secara individual atas aset keuangan assets that are not individually
yang signifikan secara individual, atau significant. If the Group determines that
secara kolektif untuk aset keuangan no objective evidence of impairment
yang tidak signifikan secara individual. exists for an individually assessed
Jika Kelompok Usaha menentukan financial asset, whether significant or
tidak terdapat bukti obyektif mengenai not, the asset is included in a group of
penurunan nilai atas aset keuangan financial assets with similar credit risk
yang dinilai secara individual, terlepas characteristics and the group is
aset keuangan tersebut signifikan atau collectively assessed for impairment.
tidak, maka aset tersebut dimasukkan Assets that are individually assessed
ke dalam kelompok aset keuangan for impairment and for which an
yang memiliki karakteristik risiko kredit impairment loss is, or continues to be,
yang sejenis dan kelompok usaha recognized are not included in a
menilai penurunan nilai kelompok collective assessment of impairment.
tersebut secara kolektif. Aset yang
penurunan nilainya dinilai secara
individual, dan untuk itu kerugian
penurunan nilai diakui atau tetap
diakui, tidak termasuk dalam penilaian
penurunan nilai secara kolektif.
Jika terdapat bukti obyektif bahwa If there is objective evidence that an

kerugian penurunan nilai telah terjadi, impairment loss has occurred, the
jumlah kerugian tersebut diukur amount of the loss is measured as the
sebagai selisih antara nilai tercatat difference between the asset’s carrying
aset dengan nilai kini estimasi arus kas amount and the present value of
masa datang (tidak termasuk kerugian estimated future cash flows (excluding
kredit di masa mendatang yang belum future expected credit losses that have
terjadi). Nilai kini estimasi arus kas not yet been incurred). The present
masa datang didiskonto dengan value of the estimated future cash flows
menggunakan suku bunga efektif awal is discounted at the financial asset’s
dari aset keuangan tersebut. original effective interest rate.
32


· Aset keuangan dicatat pada biaya · Financial assets carried at amortized

perolehan diamortisasi (lanjutan) cost (continued)
Jika suatu aset keuangan yang If a “Loans and Receivables” financial

dikelompokkan sebagai “Pinjaman asset has a variable interest rate, the
yang diberikan dan Piutang” memiliki discount rate for measuring impairment
suku bunga variabel, maka tingkat loss is the current effective interest
diskonto yang digunakan untuk rate.
mengukur setiap kerugian penurunan
nilai adalah suku bunga efektif yang
berlaku.
Nilai tercatat atas aset keuangan The carrying amount of the financial
dikurangi melalui penggunaan pos asset is reduced through the use of an
cadangan penurunan nilai dan jumlah allowance for impairment account and
kerugian yang terjadi diakui dalam the amount of the loss is recognized in
laporan laba rugi dan penghasilan consolidated statement of profit or loss
komprehensif lain konsolidasian. and other comprehensive income.
Pendapatan bunga selanjutnya diakui Interest income continues to be
sebesar nilai tercatat yang diturunkan accrued on the reduced carrying
nilainya berdasarkan tingkat suku amount based on the original effective
bunga efektif awal dari aset keuangan. interest rate of the financial asset.
Pinjaman yang diberikan dan piutang Loans and receivables, together with
beserta dengan cadangan terkait the associated allowance, are written
dihapuskan jika tidak terdapat off when there is no realistic prospect
kemungkinan yang realistis atas of future recovery and all collateral has
pemulihan di masa mendatang dan been realized or has been transferred
seluruh agunan telah terealisasi atau to the Group. If, in a subsequent year,
dialihkan kepada Kelompok Usaha. the amount of the estimated
Jika, pada tahun berikutnya, nilai impairment loss increases or
estimasi kerugian penurunan nilai aset decreases because of an event
keuangan bertambah atau berkurang occurring after the impairment was
karena peristiwa yang terjadi setelah recognized, the previously recognized
penurunan nilai diakui, maka kerugian impairment loss is increased or
penurunan nilai yang diakui reduced by adjusting the allowance for
sebelumnya bertambah atau impairment account. If a future write-off
berkurang dengan menyesuaikan pos is later recovered, the recovery is
cadangan penurunan nilai. Jika di recognized in profit or loss.
masa mendatang penghapusan
tersebut dapat dipulihkan, jumlah
pemulihan tersebut diakui di laba rugi.
33


· Aset keuangan AFS · AFS financial assets

Dalam hal investasi ekuitas In the case of equity investment
diklasifikasikan sebagai aset classified as an AFS financial asset,
keuangan tersedia untuk dijual, bukti objective evidence would include a
obyektif akan termasuk penurunan significant or prolonged decline in the
nilai wajar yang signifikan dan fair value of the investment below its
berkepanjangan di bawah nilai cost.
perolehan investasi tersebut.
Ketika terdapat bukti penurunan nilai, Where there is evidence of impairment,
kerugian kumulatif - yang diukur the cumulative loss - measured as the
sebagai selisih antara biaya perolehan difference between the acquisition cost
dan nilai wajar kini, dikurangi kerugian and the current fair value, less any
penurunan nilai investasi yang impairment loss on that investment
sebelumnya diakui dilaba rugi previously recognized in profit or loss,
direklasifikasikan dari ekuitas ke laba is reclassified from equity to profit or
rugi. Kerugian penurunan nilai atas loss. Impairment losses on equity
investasi ekuitas tidak dihapuskan investments are not reversed through
melalui laba rugi; sedangkan profit or loss; increases in their fair
peningkatan nilai wajar setelah value after impairment are recognized
penurunan nilai diakui dalam ekuitas. in equity.
Dalam hal instrumen utang In the case of a debt instrument
diklasifikasikan sebagai aset classified as an AFS financial asset,
keuangan tersedia untuk dijual, impairment is assessed based on the
penurunan nilai dievaluasi same criteria as financial assets carried
berdasarkan kriteria yang sama at amortized cost. Future interest
dengan aset keuangan yang dicatat income is based on the reduced
sebesar biaya perolehan diamortisasi. carrying amount and is accrued based
Pendapatan bunga di masa on the rate of interest used to discount
mendatang didasarkan pada nilai future cash flows for the purpose of
tercatat yang diturunkan nilainya dan measuring impairment loss. Such
diakui berdasarkan suku bunga yang accrual of interest income is recorded
digunakan untuk mendiskonto arus as part of the “Finance Income”
kas masa datang dalam pengukuran account in the consolidated statement
kerugian penurunan nilai. Pendapatan of comprehensive income.
bunga yang masih harus dibayar
tersebut dicatat sebagai bagian dari
akun “Pendapatan Keuangan” dalam
laporan laba rugi dan penghasilan
Jika pada periode/tahun berikutnya, If in a subsequent period/year, the fair
nilai wajar atas instrumen utang value of a debt instrument increases
meningkat dan peningkatan tersebut and the increase can be objectively
secara obyektif dapat dikaitkan related to an event occurring after the
dengan peristiwa yang timbul setelah impairment loss was recognized in
pengakuan kerugian penurunan nilai profit or loss, the impairment loss is
diakui dilaba rugi, kerugian penurunan reversed through consolidated
nilai tersebut harus dipulihkan melalui statement of profit or loss and other
laporan laba rugi dan penghasilan comprehensive income.
34


h.7. Penghentian pengakuan aset dan h.7. Derecognition of financial assets and
liabilitas keuangan liabilities
Aset keuangan Financial assets
Penghentian pengakuan atas suatu aset A financial asset (or where applicable, a
keuangan (atau apabila dapat diterapkan, part of a financial asset or part of a group
untuk bagian dari aset keuangan atau of similar financial assets) is derecognized
bagian dari kelompok aset keuangan when: (1) the contractual rights to receive
sejenis) terjadi bila: (1) hak kontraktual cash flows from the asset have expired; or
atas arus kas yang berasal dari aset (2) the Group has transferred its rights to
keuangan tersebut berakhir; atau (2) receive cash flows from the financial asset
Kelompok Usaha memindahkan hak or has assumed an obligation to pay the
untuk menerima arus kas yang berasal received cash flows in full without material
dari aset keuangan tersebut atau delay to a third party under a “pass-
menanggung kewajiban untuk membayar through” arrangement, and either (a) the
arus kas yang diterima tersebut tanpa Group has transferred substantially all the
penundaan yang signifikan kepada pihak risks and rewards of the asset, or (b) the
ketiga melalui suatu kesepakatan Group has neither transferred nor retained
penyerahan dan salah satu diantara (a) substantially all the risks and rewards of the
Kelompok Usaha secara substansial financial asset, but has transferred control
memindahkan seluruh risiko dan manfaat of the financial asset.
atas kepemilikan aset keuangan tersebut,
atau (b) Kelompok Usaha secara
substansial tidak memindahkan dan tidak
memiliki seluruh risiko dan manfaat atas
kepemilikan aset keuangan tersebut,
namun telah memindahkan pengendalian
atas aset tersebut.
Liabilitas keuangan Financial liabilities
Liabilitas keuangan dihentikan A financial liability is derecognized when

pengakuannya ketika kewajiban yang the obligation under the liability is
ditetapkan dalam kontrak dihentikan atau discharged or cancelled or has expired.
dibatalkan atau kadaluwarsa.
Ketika liabilitas keuangan awal digantikan When an existing financial liability is

dengan liabilitas keuangan lain dari replaced by another from the same lender
pemberi pinjaman yang sama dengan on substantially different terms, or the
ketentuan yang berbeda secara terms of an existing liability are
substansial, atau modifikasi secara substantially modified, such an exchange
substansial atas liabilitas keuangan yang or modification is treated as a
saat ini ada, maka pertukaran atau derecognition of the original liability and the
modifikasi tersebut dicatat sebagai recognition of a new liability, and the
penghapusan liabilitas keuangan awal difference in the respective carrying
dan pengakuan liabilitas keuangan baru amounts is recognized in profit or loss.
dan selisih antara nilai tercatat liabilitas
keuangan tersebut diakui di laba rugi.
35


i. Persediaan i. Inventories
Persediaan dinyatakan berdasarkan nilai Inventories are stated at the lower of cost or net
terendah antara biaya perolehan atau nilai realizable value. The inventory costing method
realisasi neto. Pembebanan biaya is weighted average. Allowance for inventory
pemakaiannya dilakukan berdasarkan metode obsolescence/losses is provided to reduce the
rata-rata tertimbang. Cadangan carrying value of inventories to their net
keusangan/kerugian persediaan ditetapkan realizable value.
untuk menurunkan nilai tercatat persediaan ke
nilai realisasi netonya.
Nilai realisasi neto adalah taksiran harga jual Net realizable value is the estimated selling
dalam kegiatan usaha normal setelah dikurangi price in the ordinary course of business less
dengan taksiran biaya penyelesaian dan estimated cost of completion and estimated
taksiran biaya yang diperlukan untuk cost necessary to make the sale.
melaksanakan penjualan.
j. Beban dibayar di muka j. Prepaid expenses
Biaya dibayar dimuka diamortisasi selama Prepaid expenses are amortized over their
masa manfaat masing-masing biaya dengan beneficial periods using the straight-line
metode garis lurus. method.
k. Investasi pada entitas asosiasi k. Investments in associates

Investasi Perusahaan pada entitas asosiasi The Company’s investments in associates are
diukur dengan menggunakan metode ekuitas. accounted for using the equity method. An
Entitas asosiasi adalah suatu entitas di mana associates is an entity in which the Company
Perusahaan mempunyai pengaruh signifikan. has significant influence. Under the equity
Sesuai dengan metode ekuitas, nilai perolehan method, the cost of investment is increased or
investasi ditambah atau dikurang dengan decreased by the Company’s share in net
bagian Perusahaan atas laba atau rugi neto, earnings or losses of, and dividends received
dan penerimaan dividen dari entitas asosiasi from, the associates since the date of
sejak tanggal perolehan. acquisition.
Laporan laba rugi dan penghasilan The consolidated statement of profit or loss and
komprehensif lain konsolidasian mencerminkan other comprehensive income reflects the share
bagian atas hasil operasi dari entitas asosiasi. resulting from the operations of the associates.
Bila terdapat perubahan yang diakui langsung Where there has been a change recognized
pada ekuitas dari entitas asosiasi, Perusahaan directly in the equity of the associates, the
mengakui bagiannya atas perubahan tersebut Company recognizes its share of any such
dan mengungkapkan hal ini, jika dapat changes and discloses this, when applicable, in
diterapkan, dalam laporan perubahan ekuitas the consolidated statement of changes in
konsolidasian. Laba atau rugi yang belum equity. Unrealized gains and losses resulting
direalisasi sebagai hasil dari transaksi-transaksi from transactions between the Company and
antara Perusahaan dengan entitas asosiasi the associates are eliminated to the extent of
dieliminasi pada jumlah sesuai dengan the Company’s interest in the associates.
kepentingan Perusahaan dalam entitas
asosiasi.
Perusahaan menentukan apakah perlu untuk The Company determines whether it is
mengakui rugi penurunan nilai atas investasi necessary to recognize an impairment loss on
Perusahaan dalam entitas asosiasi. its investments in associates. The Company
Perusahaan menentukan pada setiap tanggal determines at each reporting date whether
pelaporan apakah terdapat bukti yang obyektif there is objective evidence that any of its
yang mengindikasikan bahwa investasi dalam investments in associates is impaired.
entitas asosiasi mengalami penurunan nilai.
36


k. Investasi pada entitas asosiasi (lanjutan) k. Investments in associates (continued)
Dalam hal ini, Perusahaan menghitung jumlah In this the case, the Company calculates the
penurunan nilai berdasarkan selisih antara amount of impairment based on the difference
jumlah terpulihkan atas investasi dalam entitas between the recoverable amount of the
asosiasi dan nilai tercatatnya dan mengakui investment in the associates and its carrying
penurunan nilai tersebut dalam laporan laba value and recognizes the impairment in
rugi dan penghasilan komprehensif lain consolidated statement of profit or loss and
konsolidasian. other comprehensive income.
l. Properti investasi l. Investment properties
Properti investasi dinyatakan sebesar biaya Investment properties are stated at cost,
perolehan termasuk biaya transaksi dikurangi including transaction costs, less accumulated
akumulasi penyusutan dan penurunan nilai, depreciation and impairment, except for land
kecuali tanah tidak disusutkan. Jumlah tercatat which is not depreciated. The carrying amount
termasuk bagian biaya penggantian dari includes the cost of replacing part of an existing
properti investasi yang ada pada saat terjadinya investment property when the fee is occured, if
biaya, jika kriteria pengakuan terpenuhi dan the recognition criteria are met and excludes
tidak termasuk biaya harian penggunaan the costs of the daily use of an investment
properti investasi. property.
Perusahaan telah memilih untuk menggunakan The Company has chosen to use the cost
model biaya untuk pengukuran aset properti model for the measurement of investment
investasi. property assets.
Properti investasi terdiri dari tanah, bangunan Investment properties consist of land, buildings
dan prasarana yang dikuasai Perusahaan untuk and infrastructure controlled by the Company to
menghasilkan sewa atau untuk kenaikan nilai earn rents or for capital appreciation or both,
atau kedua-duanya, dan tidak untuk digunakan rather than for use in the production or provision
dalam produksi atau penyediaan barang atau of goods or services or for administrative
jasa untuk tujuan administratif atau dijual dalam purposes or sale in the ordinary course of
kegiatan usaha sehari-hari. business.
m. Aset tetap m. Fixed assets
Aset tetap, kecuali hak atas tanah, dinyatakan Fixed assets, except landrights, are stated at
sebesar biaya perolehan dikurangi akumulasi cost less accumulated depreciation and
penyusutan dan rugi penurunan nilai, jika ada. impairment loss, if any. Such cost includes the
Biaya perolehan termasuk biaya penggantian cost of replacing part of the fixed assets when
bagian aset tetap saat biaya tersebut terjadi, that cost is incurred, if the recognition criteria are
jika memenuhi kriteria pengakuan. met.
Selanjutnya, pada saat inspeksi yang Likewise, when a major inspection is performed,
signifikan dilakukan, biaya inspeksi itu diakui its cost is recognized in the carrying amount of
ke dalam jumlah tercatat (carrying amount) the fixed assets as a replacement if the
aset tetap sebagai suatu penggantian jika recognition criteria are met. In the case of
memenuhi kriteria pengakuan. Apabila mandatory dismantling and asset removals, the
terdapat kewajiban untuk membongkar dan related costs are added to the cost of the
memindahkan aset tetap maka beban yang relevant assets and obligations related to the
terkait akan ditambahkan ke biaya perolehan cost are recognized to cover the costs.
aset tetap yang bersangkutan dan kewajiban
atas biaya terkait tersebut diakui.
37


m. Aset tetap (lanjutan) m. Fixed assets (continued)
Semua biaya pemeliharaan dan perbaikan yang All other repairs and maintenance costs that do
tidak memenuhi kriteria pengakuan diakui not meet the recognition criteria are recognized
dalam laporan laba rugi dan penghasilan in consolidated statement of profit or loss and
komprehensif lain konsolidasian pada saat other comprehensive income as incurred.
terjadinya. Aset tetap, kecuali hak atas tanah, Depreciation of fixed assets, except for
disusutkan dengan metode garis lurus landrights, is computed using the straight-line
berdasarkan estimasi masa manfaat masing- method over the estimated useful lives of the
masing aset tetap sebagai berikut: assets as follows:
Umur Ekonomi/
Useful Life
Golongan Aset (Tahun/Years) Group of Assets
Bangunan (lapangan) 5 - 40 Structure (fields)

Gedung-gedung 20 - 40 Buildings
Alat perhubungan udara 10 - 15 Aviation equipment
Kendaraan 5 & 10 Vehicle
Instalasi 5 - 20 Instalation
Peralatan 5 - 15 Equipment
Biaya pengurusan untuk memperpanjang atau The legal cost of landrights to extend or renew
memperbaharui hak atas tanah diakui sebagai the landrights are recognized as intangible
aset takberwujud dan diamortisasi sepanjang assets and amortized over the shorter of the
umur hukum hak atau umur ekonomis tanah, rights’ legal life or the land’s economic life.
mana yang lebih pendek.
Biaya pemeliharaan dan perbaikan diakui Maintenance and repair costs are recognized
sebagai beban pada saat terjadinya. as an expense as incurred. Expenditures that
Pengeluaran yang memperpanjang masa extend the useful lives of fixed assets are
manfaat aset tetap dikapitalisasi dan disusutkan capitalized and depreciated in accordance with
sesuai dengan tarif penyusutan yang sesuai. the applicable depreciation rates.
Aset dalam penyelesaian dinyatakan sebesar Construction in progress is stated at cost based
biaya perolehan yang ditentukan berdasarkan on accrual bases and progress on costructions
basis akrual dan kemajuan fisik pekerjaan serta and presented as part of fixed assets. Cost
disajikan sebagai bagian dari aset tetap. Biaya includes capitalized interest charges and
perolehan termasuk kapitalisasi beban bunga gain/losses on foreign exchange, if any,
dan laba/rugi selisih kurs, jika ada, atas incurred on borrowings and other costs incurred
pinjaman dan biaya lainnya yang terjadi to finance the said asset construction (Note 2o,
sehubungan dengan pembiayaan aset dalam “Capitalization of Borrowing Costs”). Accrual of
penyelesaian tersebut (Catatan 2o, “Kapitalisasi acquisition of fixed assets is presented as part
Biaya Pinjaman”). Akrual sehubungan dengan of other payables account.
perolehan aset tetap disajikan sebagai bagian
dari akun utang lain-lain.
Akumulasi biayanya akan dipindahkan ke The accumulated cost will be reclassified to the
dalam kelompok aset tetap yang bersangkutan relevant fixed assets account when the
ketika aset secara substansial selesai construction is substantially completed and the
dikerjakan dan siap untuk digunakan. constructed asset is ready for its intended use.
38


m. Aset tetap (lanjutan) m. Fixed assets (continued)
Biaya pemeliharaan dan perbaikan diakui The cost of normal maintenance and repair
sebagai beban pada saat terjadinya; biaya work is charged to operations as incurred; the
perbaikan yang signifikan dikapitalisasi sebagai cost of significant improvements or betterments
penggantian apabila memenuhi kriteria is capitalized as replacements if the recognition
pengakuan. Nilai kini dari perkiraan biaya criteria are satisfied. The present value of the
pembongkaran aset setelah aset digunakan expected cost for the decommissioning of the
termasuk dalam nilai perolehan aset tersebut asset after its use is included in the cost of the
jika kriteria pengakuan untuk penetapannya asset if the recognition criteria are met.
terpenuhi.
Ketika bagian-bagian penting dari aset tetap When significant parts of fixed assets are
perlu untuk diganti, Kelompok Usaha mencatat required to be replaced at intervals, the Group
bagian-bagian tersebut sebagai aset individual recognizes such parts as individual assets with
dengan masa manfaat dan penyusutan yang specific useful lives and depreciation.
spesifik.
Aset tetap tidak diakui lagi pada saat Fixed asset are derecognized upon disposal or
dilepaskan atau tidak ada manfaat when no future economic benefits are expected
keekonomisan masa yang akan datang yang from its use or disposal. Any gain or loss on
diharapkan dari penggunaan atau derecognition of the asset is recognized in the
pelepasannya. Laba atau rugi yang timbul dari consolidated statement of profit or loss and
penghentian pengakuan aset tetap, diakui other comprehensive income in the period the
dalam laporan laba rugi dan penghasilan asset is derecognized, which represents the
komprehensif lain konsolidasian pada periode difference between the net disposal proceeds
penghentian pengakuan aset, yang merupakan and the carrying amount of the asset.
selisih antara hasil pelepasan bersih dan
jumlah tercatat aset.
Nilai sisa, masa manfaat dan metode The residual values, useful lives and methods
penyusutan aset tetap ditelaah dan disesuaikan of depreciation of fixed assets are reviewed and
secara prospektif, jika perlu, pada setiap akhir adjusted prospectively, if appropriate, at the
tahun buku. end of each financial year.
n. Aset takberwujud n. Intangible assets
Aset takberwujud diukur sebesar nilai An intangible asset is measured on initial

perolehan pada pengakuan awal. Setelah recognition at cost. Following initial recognition,
pengakuan awal, aset takberwujud dicatat pada the intangible asset is carried at cost less any
nilai perolehan dikurangi akumulasi amortisasi accumulated amortization and any
dan akumulasi rugi penurunan nilai. Umur accumulated impairment loss. The useful life of
manfaat aset takberwujud dinilai apakah the intangible asset is assessed to be either
terbatas atau tidak terbatas. Aset takberwujud finite or indefinite. An intangible asset with finite
dengan umur terbatas diamortisasi selama life is amortized over the asset’s useful
umur manfaat ekonomi aset dan dievaluasi economic life and assessed for impairment
apabila terdapat indikator adanya penurunan whenever there is an indication that the
nilai untuk aset takberwujud. Periode dan intangible asset may be impaired. The
metode amortisasi untuk aset takberwujud amortization period and the amortization
dengan umur terbatas ditelaah setidaknya method for an intangible asset with a finite
setiap akhir tahun tutup buku. useful life are reviewed at least at each financial
year end.
39


n. Aset takberwujud (lanjutan) n. Intangible assets (continued)
Aset takberwujud dihentikan pengakuannya An intangible asset is derecognized when:

pada saat:
i. dijual; atau i. on disposed; or
ii. ketika tidak ada manfaat ekonomis di masa ii. when no future economic benefits are
depan yang dapat diharapkan dari expected from its use or disposal.
penggunaan atau penjualan aset tersebut.
Aset takberwujud Perusahaan berupa The Company’s intangible assets are in form of
perangkat lunak. software.
o. Kapitalisasi biaya pinjaman o. Capitalization of borrowing costs
Biaya pinjaman yang dapat diatribusikan Borrowing costs that are directly attributable to
langsung dengan perolehan, konstruksi atau the acquisition, construction or production of a
pembuatan aset kualifikasian dikapitalisasi qualifying asset are capitalized as part of the
sebagai bagian biaya perolehan aset tersebut. cost of the related asset. Other borrowing costs
Biaya pinjaman lainnya diakui sebagai beban are recognized as expenses in the period in
pada periode terjadinya. Biaya pinjaman dapat which they are incurred. Borrowing costs may
meliputi beban bunga, beban keuangan dalam include interest, finance charges in respect of
sewa pembiayaan yang diakui sesuai dengan finance leases recognized in accordance with
PSAK No. 26 (Revisi 2014) dan selisih kurs PSAK No. 26 (Revised 2014) and foreign
yang berasal dari pinjaman dalam mata uang exchange differences arising from foreign
asing sepanjang selisih kurs tersebut currency borrowings to the extent that they are
diperlakukan sebagai penyesuaian atas biaya regarded as adjustments to interest costs.
bunga.
Kapitalisasi biaya pinjaman dimulai pada saat Capitalization of borrowing costs commences
dimulainya aktivitas yang diperlukan untuk when the activities to prepare the qualifying
mempersiapkan aset kualifikasian agar dapat asset for its intended use have started and the
digunakan sesuai dengan maksudnya dan expenditures for the qualifying asset and the
pengeluaran untuk aset dan biaya pinjamannya borrowing costs have been incurred.
telah terjadi. Kapitalisasi biaya pinjaman Capitalization of borrowing costs ceases when
dihentikan pada saat selesainya secara all the activities necessary to prepare the
substansial seluruh aktivitas yang diperlukan qualifying asset for its intended use are
untuk mempersiapkan aset kualifikasian agar substantially completed.
dapat digunakan sesuai dengan maksudnya.
p. Beban akrual p. Accrued expenses
Beban akrual diakui jika Kelompok Usaha Accrued expense is recognized when the
memiliki kewajiban kini (baik hukum maupun Group has a present obligation (legal and
konstruktif) sebagai akibat peristiwa masa lalu, constructive), as a result of a past event, it is
besar kemungkinannya penyelesaian probable that an outflow of resources
kewajiban tersebut mengakibatkan arus keluar embodying economic benefits will be required
sumber daya yang mengandung manfaat to settle the obligation and a reliable estimate
ekonomi dan estimasi yang andal mengenai can be made of the amount of the obligation.
jumlah kewajiban tersebut dapat dibuat.
Beban akrual ditelaah pada setiap tanggal Accrued expense are reviewed at each
pelaporan dan disesuaikan untuk reporting date and adjusted to reflect the current
mencerminkan estimasi terbaik yang paling kini. best estimate. If it is no longer probable that an
Jika arus keluar sumber daya untuk outflow of resources embodying economic
menyelesaikan kewajiban kemungkinan besar benefits will be required to settle the obligations,
tidak terjadi maka provisi dibatalkan. the provisions are reversed.
40


q. Pendapatan diterima di muka q. Unearned revenues
Pendapatan yang diterima di muka adalah Unearned revenues are cash received from
penerimaan uang dari pihak lain sehubungan other parties in connection with the services
dengan jasa yang akan dilakukan oleh that will be performed by the Group in the future
Kelompok Usaha di masa depan tetapi jasa but the services not yet delivered to that parties.
tersebut belum diserahkan kepada pihak
tersebut.
r. Imbalan kerja dan imbalan pasca kerja r. Employee benefits and post-employment
benefits
Imbalan kerja jangka pendek Short-term employee benefits
Kelompok Usaha mengakui liabilitas imbalan The Group recognizes short-term employee
kerja jangka pendek ketika jasa diberikan oleh benefits liability when services are rendered
karyawan dan imbalan atas jasa tersebut akan and the compensation for such services are to
dibayarkan dalam waktu dua belas bulan be paid within twelve months after such
setelah jasa tersebut diberikan. services are rendered.
Imbalan pasca kerja Post-employment benefits
Biaya untuk penyediaan manfaat dibawah The cost of providing benefits under the defined
program pensiun imbalan pasti ditentukan benefit plan is determined using the projected-
dengan menggunakan metode projected-unit- unit-credit method.
credit.
Pengukuran kembali atas liabilitas (aset) Remeasurement on net deferred benefit

imbalan pasti bersih, yang disebut sebagai liabilitas (asset), which recognized as other
penghasilan komprehesif lain, terdiri dari: comprehensive income, consist of:
i. Keuntungan atau kerugian aktuarial; i. Actuarial gain or losses;
ii. Imbalan hasil atas aset program, tidak ii. Return on program aset, is not consists of
termasuk jumlah yang dimasukkan dalam amount included in liabilitas (asset) net
bunga bersih atas liabilitas (aset); interest;
iii. Setiap perubahan dampak batas aset, iii. Every changes in asset ceiling, is not
tidak termasuk jumlah yang dimasukkan consists of amount included in liabilities
dalam bunga bersih atas liablitas (aset). (asset) net interest.
Pengukuran kembali atas liabilitas (aset) Remeasurement on net defined benefit

imbalan pasti bersih, yang diakui sebagai liabilities (asset) which is recognized as part of
penghasilan komprehensif lain tidak other comprehensive income will not be
direklasifikasi ke laporan laba rugi dan reclassified to consolidated statement of profit
penghasilan komprehensif lain konsolidasian or loss and other comprehensive income in the
pada periode berikutnya. next period.
Biaya jasa lalu yang timbul dari amendemen Past service cost arising from amendment or
atau kurtailmen program diakui sebagai beban curtailment programs are recognized as
dalam laporan laba rugi dan penghasilan expense in consolidated statement of profit or
komprehensif lain konsolidasian pada saat loss and other comprehensive income when
terjadinya. incurred.
Kurtailmen terjadi apabila Kelompok Usaha A curtailment occurs when the Group either
mengurangi secara signifikan jumlah pekerja significantly reduce the number of employees
yang ditanggung oleh program, terminasi atau covered by a plan, termination or suspension of
penghentian program. the program.
41


(lanjutan) benefits (continued)
Imbalan pasca kerja (lanjutan) Post-employment benefits (continued)
Perusahaan memiliki progam dana pensiun The Company has pension defined benefit
manfaat pasti dan program tunjangan hari tua. funds program and annuities program.
Selain itu, Perusahaan memberikan tunjangan Moreover, the Company provides benefits to
kepada pegawai yang telah memenuhi employees who have fulfilled the requirements
persyaratan ketentuan yaitu tunjangan of the provisions, which are housing allowance,
perumahan, penghargaan pengabdian dan loyaty reward and health insurance to
jaminan kesehatan kepada pensiunan. pensioners.
Pada tanggal 15 November 1999, Perusahaan On November 15, 1999, the Company obtained
memperoleh persetujuan dari Menteri approval from the Minister of Finance (No.KEP-
Keuangan (No.KEP-39/KM.17/1999) untuk 39/KM.17/1999) to establish a separate
membentuk Lembaga terpisah yang mengelola Institution that manages pension funds in the
dana pensiun dalam bentuk Program Dana form of a Defined Benefit Pension Plan (PPMP)
Pensiun Manfaat Pasti (PPMP) dan Program and a Definite Contribution Pension Program
Pensiun Iuran Pasti (PPIP) bernama Dana (Rencana Pensiun Iuran Pasti PPIP) named
Pensiun Angkasa Pura I (DPAP I), untuk Dana Angkasa Pura I (DPAP I), to manage on
mengelola atas nama para anggota, semua behalf of the members, all of the wealth in order
kekayaan agar dapat memenuhi kewajiban to fulfill the obligation to retire from the
pensiun dari Perusahaan. Company.
Jumlah kontribusi PPMP terdiri dari kontribusi The amount of contribution of PPMP consists of
karyawan dan Perusahaan yang masing- employees and the Company’s contributions
masing dihitung sebesar 5% dan 27,64% dari which are calculated as 5% and 27.64%,
penghasilan dasar pensiun, sedangkan jumlah respectively, from the basic pension income,
kontribusi PPIP terdiri dari kontribusi karyawan while the amount of contribution of PPIP
dan Perusahaan yang masing-masing dihitung consists of employees and the Company’s
sebesar 5% dan maksimal 25% dari paket gaji contributions, which are calculated at 5% and a
peserta. maximum of 25% of the participant's salary
package.
Pada tanggal 6 Mei 2003, penyelenggaraan On May 6, 2003, the provision of retirement
program tunjangan hari tua dikelola oleh benefit program is managed by Yayasan
Yayasan Kesejahteraan Karyawan Angkasa Kesejahteraan Karyawan Angkasa Pura I
Pura I (YAKKAP I) berdasarkan Keputusan (YAKKAP I) based on Joint Decree of the
Bersama Direksi Perum Angkasa Pura I dan Directors of Perum Angkasa Pura I and
Perum Angkasa Pura II No. KEP.305/ Perum Angkasa Pura II Number
P.30.7.1/1988 dan KEP.165A/PAP.I/X/1988 KEP.305/KP.30.7.1/1988 and
tanggal 1 Oktober 1988 jo Perjanjian Kerja KEP.165A/PAP.I/X/1988 dated October 1,
Bersama Periode 2003-2005 antara 1988 jo Joint Working Agreement for the period
PT Angkasa Pura I dengan Serikat Pekerja 2003-2005 between PT Angkasa Pura I and
Angkasa Pura I No.SP.06/HK.10/2003-DU, Labor Union of
No.SP.AP.I.01/PKB/2003. PT Angkasa Pura I. SP.06/HK.10/2003-DU,
No.SP.AP.I.01/PKB/2003.
Program THT menyediakan manfaat The THT program provides payment benefits at
pembayaran sekaligus dengan ketentuan nilai the same time with the terms of the contribution
iuran adalah sebesar 5% (beban pegawai fee of 5% (Company employee expense), 3%
Perusahaan), 3% (beban pegawai (employee assignment), 1% (assigned
diperbantukan), 1% (beban pegawai charges) of the Basic Income Retirement Fees
ditugaskan) dari nilai Penghasilan Dasar (PhDTHT) and the Company’s contributions
Tunjangan Hari Tua (PhDTHT) dan iuran that have been approved by the General
Perusahaan yang telah mendapat persetujuan Meeting of Shareholders (GMS) which is fully
Rapat Umum Pemegang Saham (RUPS) yang paid at the beginning of the current year.
dibayarkan secara sekaligus pada awal tahun
berjalan.
42


Perusahaan juga memberikan imbalan pasca The Company also provides other post-
kerja lainnya, seperti tanda penghargaan dan employment benefits, such as rewards and
cuti jangka panjang. Imbalan berupa uang long-term leave. Rewards in the form of award
penghargaan diberikan apabila karyawan money are given when employees work until
bekerja hingga mencapai usia pensiun. they reach retirement age.
Kelompok Usaha harus menyediakan imbalan The Group is required to provide a minimum
pensiun dengan jumlah minimal sesuai dengan amount of pension benefits in accordance with
Undang-Undang (“UU”) Ketenagakerjaan Labour Law No. 13/2003 and the Group’s
No. 13/2003 dan Perjanjian Kerja Bersama Collective Labour Agreement (“CLA”),
(“PKB”), mana yang lebih tinggi. Karena UU whichever is higher. Since the Labour Law and
Ketenagakerjaan atau PKB menentukan rumus the CLA set the formula for determining the
tertentu untuk menghitung jumlah minimal minimum amount of benefits, in substance
imbalan pensiun, pada dasarnya program pension plans under the Labour Law or the CLA
pensiun berdasarkan UU Ketenagakerjaan atau represent defined benefit plans.
PKB adalah program pensiun imbalan pasti.
Liabilitas imbalan pensiun merupakan nilai kini The pension benefit obligation is the present
liabilitas imbalan pasti pada akhir periode value of the defined benefit obligation at end
pelaporan dikurangi dengan nilai wajar aset reporting period less the fair value of plan
program. Liabilitas imbalan pasti dihitung setiap assets. The defined benefit obligation is
tahun oleh aktuaris independen dengan calculated by an independent actuary using the
menggunakan metode projected-unit-credit. projected-unit-credit method.
Nilai kini liabilitas manfaat pasti ditentukan The present value of the defined benefit
dengan mendiskontokan estimasi arus kas obligation is determined by discounting the
masa depan dengan menggunakan tingkat estimated future cash outflows using the yield at
bunga obligasi pemerintah jangka panjang pada end of the reporting period of long-term
akhir periode pelaporan dalam mata uang government bonds denominated in rupiah in
rupiah sesuai dengan mata uang dimana which the benefits will be paid and that have
imbalan tersebut akan dibayarkan dan yang terms to maturity similar to the related pension
memiliki jangka waktu yang sama dengan obligation.
liabilitas manfaat pensiun yang bersangkutan.
Perusahaan memberikan imbalan pasca kerja The Company also provides other post-
lainnya, seperti tanda penghargaan dan cuti employment benefits, such as long service
jangka panjang. reward and long service leave.
Imbalan berupa uang penghargaan diberikan The long service reward is given when the
apabila karyawan bekerja hingga mencapai employees reach their retirement age. Death
usia pensiun. Santunan kematian diberikan bila allowance is paid when the employee or the
pegawai dan anggota keluarga tertentu qualified family members pass away. Benefit
meninggal dunia. Nilai imbalan yang diberikan given is based on the Company’s regulation.
didasari pada peraturan Perusahaan. The separation reward benefit is paid to
Sedangkan imbalan berupa uang pisah, employees in the event of voluntary resignation,
dibayarkan kepada karyawan yang subject to a minimum number of years of
mengundurkan diri secara sukarela, setelah service. These benefits have been accounted
memenuhi minimal masa kerja tertentu. for using the same methodology as for the
Imbalan ini dihitung dengan menggunakan defined benefit pension plan.
metodologi yang sama dengan metodologi
yang digunakan dalam perhitungan program
pensiun imbalan pasti.
43


Perusahaan menyediakan imbalan kesehatan The Company provides post-employment

pasca kerja untuk pensiunan. Hak atas imbalan medical benefits to their retirees. The
ini pada umumnya diberikan apabila karyawan entitlement to these benefits is given if
bekerja sampai usia pensiun dan memenuhi employee has worked until retirement age and
masa kerja minimum tertentu. the completion of a minimum service period.
Prakiraan biaya imbalan ini diakru sepanjang The expected costs of these benefits are
masa kerja karyawan, dengan menggunakan accrued over the period of employment, using
metode akuntansi yang sama, namun an accounting methodology similar but
disederhanakan, dengan metode yang simplified to that for defined benefit pension
digunakan dalam perhitungan program pensiun plans. These obligations are valued annually by
imbalan pasti. Kewajiban ini dinilai setiap tahun qualified independent actuaries.
oleh aktuaris independen yang memenuhi
kualifikasi.
s. Sewa s. Leases
Penentuan apakah suatu perjanjian merupakan The determination of whether an arrangement

perjanjian sewa, atau perjanjian yang is, or contains a lease is based on the substance
mengandung sewa, didasarkan atas substansi of the arrangement at inception date and
perjanjian pada tanggal awal sewa dan apakah whether the fulfillment of the arrangement is
pemenuhan perjanjian tergantung pada dependent on the use of a specific asset and the
penggunaan suatu aset dan perjanjian tersebut arrangement conveys a right to use the asset.
memberikan suatu hak untuk menggunakan Lease that transfers substantially to the lessee
aset tersebut. Sewa yang mengalihkan secara all the risks and rewards incidental to ownership
of the leased item is classified as finance lease.
substansial seluruh risiko dan manfaat yang
terkait dengan kepemilikan aset,
diklasifikasikan sebagai sewa pembiayaan.
Suatu sewa yang tidak mengalihkan secara Leases which do not transfer substantially all the
substansial seluruh risiko dan manfaat yang risks and rewards incidental to ownership are
terkait dengan kepemilikan aset diklasifikasikan classified as operating leases. Operating lease
sebagai sewa operasi. Pembayaran sewa payments are recognized as an expense in the
dalam sewa operasi diakui sebagai beban consolidated statement of profit or loss and other
dalam laporan laba rugi dan penghasilan comprehensive income on a straight-line method
komprehensif lain konsolidasian dengan dasar over the lease term.
garis lurus (straight-line method) selama masa
sewa.
44


t. Perpajakan t. Taxation
Pajak final Final tax
Peraturan perpajakan di Indonesia mengatur Tax regulation in Indonesia determined that

beberapa jenis penghasilan dikenakan pajak certain taxable income is subject to final tax.
yang bersifat final. Pajak final yang dikenakan Final tax applied to the gross value of
atas nilai bruto transaksi tetap dikenakan transactions is applied even when the parties
walaupun atas transaksi tersebut pelaku carrying the transaction recognizing losses.
transaksi mengalami kerugian.
Mengacu pada revisi PSAK No. 46 yang Referring to revised PSAK No. 46 as mentioned
disebutkan di atas, pajak final tersebut tidak above, final tax is no longer governed by PSAK
termasuk dalam lingkup yang diatur oleh PSAK No. 46.
No. 46.
Perbedaan antara nilai tercatat dari aset The difference between the carrying amount of
revaluasi dan dasar pengenaan pajak a revalued asset and its tax base is a temporary
merupakan perbedaan temporer sehingga difference and gives rise to a deferred tax
menimbulkan liabilitas atau aset pajak liability or asset, except for certain asset such
tangguhan, kecuali untuk aset tertentu seperti as land, which upon realization is taxed with
tanah yang pada saat realisasinya dikenakan final tax on gross value of transaction.
pajak final yang dikenakan atas nilai bruto
transaksi.
Pajak kini Current tax
Aset dan liabilitas pajak kini untuk tahun Current income tax assets and liabilities for the
berjalan diukur sebesar jumlah yang current period are measured at the amount
diharapkan dapat direstitusi dari atau expected to be recovered from or paid to the
dibayarkan kepada otoritas perpajakan. taxation authority.
Beban pajak kini ditentukan berdasarkan laba Current tax expense is determined based on
kena pajak tahun berjalan yang dihitung the taxable profit for the year computed using
berdasarkan tarif pajak yang berlaku. the prevailing tax rates.
Kekurangan/kelebihan pembayaran pajak Underpayment/overpayment of income tax are

penghasilan dicatat sebagai bagian dari “Beban presented as part of “Tax Expense - Current” in
Pajak Kini” dalam laporan laba rugi dan the consolidated statements of profit or loss and
penghasilan komprehensif lain konsolidasian. other comprehensive income. The Group also
Kelompok Usaha juga menyajikan bunga atau presented interest or penalty, if any, as part of
denda, jika ada, sebagai bagian dari “Beban “Current Tax Expense”.
Pajak Kini”.
Koreksi terhadap liabilitas perpajakan diakui Amendments to tax liabilities are recorded
pada saat surat ketetapan pajak diterima atau, when a tax assessment letter is received or, if
jika diajukan keberatan, pada saat keputusan appealed against, when the result of the appeal
atas keberatan ditetapkan. is determined.
45


t. Perpajakan (lanjutan) t. Taxation (continued)
Pajak tangguhan Deferred tax
Aset dan liabilitas pajak tangguhan diakui Deferred tax assets and liabilities are
menggunakan metode liabilitas atas recognized using the liability method for the
konsekuensi pajak pada masa mendatang yang future tax consequences attributable to
timbul dari perbedaan jumlah tercatat aset dan differences between the carrying amounts of
liabilitas menurut laporan keuangan dengan existing assets and liabilities in the financial
dasar pengenaan pajak aset dan liabilitas pada statements and their respective tax basis at
setiap tanggal pelaporan. each reporting date.
Liabilitas pajak tangguhan diakui untuk semua Deferred tax liabilities are recognized for all
perbedaan temporer kena pajak dan aset pajak taxable temporary differences and deferred tax
tangguhan diakui untuk perbedaan temporer assets are recognized for deductible temporary
yang boleh dikurangkan dan akumulasi rugi differences and accumulated fiscal losses to
fiskal, sepanjang besar kemungkinan the extent that it is probable that taxable profit
perbedaan temporer yang boleh dikurangkan will be available in future years against which
dan akumulasi rugi fiskal tersebut dapat the deductible temporary differences and
dimanfaatkan untuk mengurangi laba kena accumulated fiscal losses can be utilized.
pajak pada masa depan.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of a deferred tax asset is
ulang pada akhir setiap periode pelaporan dan reviewed at the end of each reporting period
diturunkan apabila laba fiskal mungkin tidak and reduced to the extent that it is no longer
memadai untuk mengkompensasi sebagian probable that sufficient taxable profit will be
atau semua manfaat aset pajak tangguhan available to allow the benefit of part or all of that
tersebut. Pada akhir setiap periode pelaporan, deferred tax asset to be utilized. At the end of
Kelompok Usaha menilai kembali aset pajak each reporting period, the Group reassesses
tangguhan yang tidak diakui. Kelompok Usaha unrecognized deferred tax assets. The Group
mengakui aset pajak tangguhan yang recognizes previously unrecognized deferred
sebelumnya tidak diakui apabila besar tax assets to the extent that it has become
kemungkinan bahwa laba fiskal pada masa probable that future taxable profit will allow the
depan akan tersedia untuk pemulihannya. deferred tax assets to be recovered.
Pajak tangguhan dihitung dengan Deferred tax is calculated using regulated tax
menggunakan tarif pajak yang berlaku atau rates or substantively enacted at the reporting
secara substansial telah berlaku pada tanggal date. Changes in the carrying amount of
pelaporan. Perubahan nilai tercatat aset dan deferred tax assets and liabilities due to a
liabilitas pajak tangguhan yang disebabkan oleh change in tax rates are charged to current
perubahan tarif pajak dibebankan pada usaha period operations, except to the extent that they
periode berjalan, kecuali untuk transaksi- relate to items previously charged or credited to
transaksi yang sebelumnya telah langsung equity.
dibebankan atau dikreditkan ke ekuitas.
Aset dan liabilitas pajak tangguhan disajikan Deferred tax assets and liabilities are offset in
secara saling hapus dalam laporan posisi the consolidated statements of financial
keuangan konsolidasian, kecuali aset dan position, except if they are for different legal
liabilitas pajak tangguhan untuk entitas yang entities, consistent with the presentation of
berbeda, sesuai dengan penyajian aset dan current tax assets and liabilities.
liabilitas pajak kini.
46


u. Pendapatan dan beban u. Revenue and expense
Pendapatan diakui jika besar kemungkinan Revenue is recognized to the extent that it is
manfaat ekonomi akan mengalir ke Kelompok probable that the economic benefits will flow to
Usaha dan manfaat ini dapat diukur dengan the Group and the revenue can be reliably
andal. Pendapatan diukur pada nilai wajar measured. Revenue is measured at the fair
penerimaan diterima, tidak termasuk diskon, value of the consideration received, excluding
rabat dan cadangan lain yang serupa. Kriteria discounts, rebates and other similar
spesifik berikut juga harus dipenuhi sebelum allowances. The following specific recognition
pendapatan diakui: criteria must also be met before revenue is
recognized:
· Pendapatan jasa aeronautika diakui pada · Aeronautical services revenues are

saat jasa diserahkan kepada pelanggan. recognized when services are rendered to
customers.
· Pendapatan jasa non aeronautika atas · Non-aeronautical services revenues for

sewa tanah dan bangunan diakui sesuai land and buildings rental is recognized in
dengan periode konsesi yang sudah accordance with the concession period
berjalan pada tahun yang bersangkutan. which has been incurred during the year.
· Pendapatan atas penggunaan fasilitas · Revenue for the use of the Group’s
peralatan Kelompok Usaha oleh facilities and equipment by customers and
pelanggan dan pendapatan jasa non other non-aeronautical services revenues
aeronautika lainnya diakui pada saat are recognized when the facility is used
fasilitas tersebut digunakan dan pada saat and services are rendered.
jasa diserahkan.
· Pendapatan atas sewa tanah dan · Land and building rental income received
bangunan yang diterima di muka atas in advance for a period that has not be
periode yang belum berjalan dicatat incurred recorded as unearned revenue.
sebagai pendapatan yang diterima di
muka.
· Pendapatan lainnya diakui atas dasar · Other income is recognized on an accrual

akrual. basis.
· Pendapatan bunga diakui atas dasar · Interest income is recognized on a time

proporsional berdasarkan waktu, pokok proportion basis, the principal and the
dan tingkat bunga yang berlaku. prevailing interest rate.
Beban diakui pada saat terjadinya. Expenses are recognized as incurred.
v. Penurunan nilai aset non-keuangan v. Impairment of non-financial assets
Pada setiap akhir periode pelaporan, Kelompok The Group assesses at the end of each reporting
Usaha menilai apakah terdapat indikasi suatu period whether there is an indication that an
aset mengalami penurunan nilai. Jika terdapat asset may be impaired. If such indication exists,
indikasi tersebut, maka jumlah terpulihkan recoverable amount is estimated for the
diestimasi untuk aset individual. Jika tidak individual asset. If it is not possible to estimate
mungkin untuk mengestimasi jumlah the recoverable amount of the individual asset,
terpulihkan aset individual, maka Kelompok the Group determines the recoverable amount of
Usaha menentukan nilai terpulihkan dari Unit the Cash-Generating Unit (CGU) to which the
Penghasil Kas (UPK) yang mana aset tercakup asset belongs (the asset’s CGU).
(aset dari UPK).
47



Jumlah terpulihkan dari suatu aset (baik aset An asset’s (either individual asset or CGU)
individual maupun UPK) adalah jumlah yang recoverable amount is the higher of the asset’s
lebih tinggi antara nilai wajarnya dikurangi biaya fair value less costs to sell and its value in use.
untuk menjual dengan nilai pakainya. Jika nilai Where the carrying amount of the asset
tercatat aset lebih besar daripada nilai exceeds its recoverable amount, the asset is
terpulihkannya, maka aset tersebut dianggap considered impaired and is written down to its
mengalami penurunan nilai dan nilai tercatat recoverable amount. Impairment loss are
aset diturunkan menjadi sebesar nilai recognized in consolidated statement of profit
terpulihkannya. Rugi penurunan nilai diakui or loss and other comprehensive income as
pada laporan laba rugi dan penghasilan “impairment loss”.
komprehensif lain konsolidasian sebagai “rugi
penurunan nilai”.
Dalam menghitung nilai pakai, estimasi arus In assessing the value in use, the estimated net
kas masa depan neto didiskontokan ke nilai kini future cash flows are discounted to their
dengan menggunakan tingkat diskonto sebelum present value using a pre-tax discount rate that
pajak yang menggambarkan penilaian pasar reflects current market assessments of the time
kini dari nilai waktu uang dan risiko spesifik atas value of money and the risks specific to the
aset. asset.
Dalam menentukan nilai wajar dikurangi biaya In determining fair value less costs to sell,
untuk menjual, digunakan harga transaksi pasar recent market transactions are taken into
terakhir, jika tersedia. Jika tidak terdapat account, if available. If no such transactions
transaksi tersebut, Kelompok Usaha can be identified, an appropriate valuation
menggunakan model penilaian yang sesuai model is used to determine the fair value of the
untuk menentukan nilai wajar aset. asset. These calculations are corroborated by
Perhitungan-perhitungan ini dikuatkan oleh valuation multiples or other available fair value
penilaian berganda atau indikator nilai wajar lain indicators.
yang tersedia.
Kerugian penurunan nilai, jika ada, diakui pada Impairment loss, if any, are recognized in
laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian sesuai dengan other comprehensive income under expense
kategori biaya yang konsisten dengan fungsi categories that are consistent with the
dari aset yang diturunkan nilainya. functions of the impaired assets.
Penilaian dilakukan pada setiap akhir periode An assessment is made at the end of each
pelaporan apakah terdapat indikasi bahwa rugi reporting period as to whether there is any
penurunan nilai yang telah diakui dalam periode indication that previously recognized
sebelumnya untuk suatu aset mungkin tidak impairment losses for an asset may no longer
ada lagi atau mungkin telah menurun. Jika exist or may have decreased. If such indication
indikasi tersebut ada, maka entitas exists, the recoverable amount is estimated.
mengestimasi jumlah terpulihkan aset tersebut.
Kerugian penurunan nilai yang telah diakui A previously recognized impairment loss for an
dalam periode sebelumnya untuk suatu aset asset is reversed only if there has been a
dibalik hanya jika terdapat perubahan asumsi- change in the assumptions used to determine
asumsi yang digunakan untuk menentukan the asset’s recoverable amount since the last
jumlah terpulihkan aset tersebut sejak rugi impairment loss was recognized.
penurunan nilai terakhir diakui.
48



Pembalikan tersebut dibatasi sehingga jumlah The reversal is limited so that the carrying
tercatat aset tidak melebihi jumlah amount of the asset does not exceed its
terpulihkannya maupun jumlah tercatat, bersih recoverable amount, nor exceeds the carrying
setelah penyusutan, seandainya tidak ada rugi amount that would have been determined, net
yang telah diakui untuk aset tersebut pada of depreciation, had no impairment loss been
periode sebelumnya. Pembalikan rugi recognized for the asset in prior periods.
penurunan nilai diakui dalam laporan laba rugi Reversal of an impairment loss is recognized in
dan penghasilan komprehensif lain consolidated statement of profit or loss and
konsolidasian. Setelah pembalikan tersebut other comprehensive income. After such
diakui sebagai laba rugi, penyusutan aset reversal is recognized in profit or loss, the
tersebut disesuaikan di periode mendatang depreciation charge on the said asset is
untuk mengalokasikan jumlah tercatat aset adjusted in future periods to allocate the asset’s
yang direvisi, dikurangi nilai sisanya, dengan revised carrying amount, less any residual
dasar yang sistematis selama sisa umur value, on a systematic basis over its remaining
manfaatnya. useful life.
w. Pelaporan segmen w. Segment reporting
Segmen operasi adalah suatu komponen dari An operating segment is a component of an

entitas: (1) yang terlibat dalam aktivitas bisnis entity: (1) which engages in business activities
yang mana memperoleh pendapatan dan from which it may earn revenues and incur
menimbulkan beban; (2) hasil operasinya dikaji expenses; (2) whose operating results are
ulang secara reguler oleh pengambil keputusan regularly reviewed by the entity's operating
operasional untuk membuat keputusan tentang decision maker to decide about resources to be
sumber daya yang dialokasikan pada segmen allocated to the segment and value its
tersebut dan menilai kinerjanya; dan (3) tersedia performance; and (3) for which discrete financial
informasi keuangan yang dapat dipisahkan. information is available.
Kelompok Usaha mengidentifikasikan segmen The Group identifies its operating segments on
operasi berdasarkan pelaporan internal yang the basis of internal reports that are regularly
direviu secara regular oleh pengambil reviewed by the Group's chief operating
keputusan operasional dalam mengalokasikan decision-maker in order to allocate resources to
sumber daya dan menilai kinerja segmen the segment and assess its performance.
operasi Kelompok Usaha.
Pengungkapan tambahan pada masing-masing Additional disclosures on each of these

segmen terdapat dalam Catatan 41, termasuk segments are shown in Note 41, including the
faktor yang digunakan untuk mengidentifikasi factors used to identify the reported segments
segmen yang dilaporkan dan dasar pengukuran and the measurement basis of segment
informasi segmen. information.
Segmen ditentukan sebelum saldo dan Segments are determined before intra-group
transaksi antar Perusahaan dan Entitas Anak balances and intra-group transactions are
dieliminasi sebagai bagian dari proses eliminated as part of consolidation process.
konsolidasi.
x. Laba per saham x. Earnings per share
Laba per saham dihitung dengan membagi total Earnings per share is calculated by dividing the
laba tahun berjalan yang dapat diatribusikan total profit for the year attributable to owners of
kepada pemilik entitas induk dengan jumlah the parent by the weighted average number of
rata-rata tertimbang saham biasa seri B yang ordinary shares seri B outstanding during the
beredar pada tahun yang bersangkutan. year.
49


x. Laba per saham (lanjutan) x. Earnings per share (continued)
Laba per saham dilusian dihitung dengan Diluted earning per share is calculated by
membagi total laba tahun berjalan yang dapat dividing profit for the year attributable to owners
diatribusikan kepada pemilik entitas induk of the parent by the weighted average number
dengan jumlah rata-rata tertimbang saham of ordinary shares outstanding during the
biasa yang beredar pada periode pelaporan, reporting period, adjusted to assume
yang disesuaikan untuk mengasumsikan conversion of all potential dilutive ordinary
konversi efek berpotensi saham biasa yang shares.
sifatnya dilutif.
y. Pengukuran nilai wajar y. Fair value measurement

Kelompok Usaha telah menerapkan PSAK No. The Group has adopted PSAK No. 68, “Fair
68, “Pengukuran Nilai Wajar”. PSAK ini, antara Value Measurement”. This PSAK, among
lain, memberikan panduan tentang bagaimana others, provides guidance on how to measure
pengukuran nilai wajar ketika nilai wajar fair value when fair value is required or
disyaratkan atau diizinkan. Penerapan PSAK ini permitted. The adoption of this PSAK has no
tidak berpengaruh signifikan terhadap laporan significant impact on the consolidated financial
keuangan konsolidasian. Kelompok Usaha statements. The Group measures financial
mengukur instrumen keuangan pada nilai wajar instruments at fair value at each reporting date.
setiap tanggal pelaporan. Pengungkapan nilai Fair value disclosure for financial instruments
wajar instrumen keuangan disajikan dalam are disclosed in Note 46.
Catatan 46.
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received to
untuk menjual suatu aset atau harga yang akan sell an asset or paid to transfer a liability in an
dibayar untuk mengalihkan suatu liabilitas orderly transaction between market participants
dalam transaksi teratur antara pelaku pasar at the measurements date. The fair value
pada tanggal pengukuran. Pengukuran nilai measurement is based on the presumption that
wajar berdasarkan asumsi bahwa transaksi the transaction on selling assets or transfer the
untuk menjual aset atau mengalihkan liabilitas liabilities takes place whenever:
terjadi di:
· Pasar utama untuk aset dan liabilitas · In the principal market for the assets or
tersebut, atau liabilities, or
· Jika tidak terdapat pasar utama, di pasar · In the absence of a principal market, in the
yang paling menguntungkan untuk aset most advantageous market for the assets
atau liabilitas tersebut. or liabilities.
Kelompok Usaha harus memiliki akses ke pasar The principal or the most advantageous market
utama atau pasar yang paling menguntungkan. must be accessible by the Group.
Nilai wajar dari aset atau liabilitas diukur The fair value of an asset or a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
oleh pelaku pasar pada saat melakukan participants would use when pricing the asset
penilaian aset atau liabilitas, dengan asumsi or liabilities, assuming that market participants
bahwa pelaku pasar akan bertindak atas act in their economic best interest.
kepentingan ekonomi terbaik mereka.
Kelompok Usaha mengunakan teknik penilaian The Group uses valuation techniques that are
yang sesuai dengan kondisi Perusahaan dan appropriate in the circumstances and for which
dimana terdapat ketersediaan data yang cukup sufficient data are available to measure fair
untuk mengukur nilai wajar, memaksimalkan value, maximizing the use of relevant
penggunaan data masukan yang dapat observable inputs and minimizing the use of
diobservasi yang relevan dan meminimalkan unobservable inputs.
penggunakan data masukan yang tidak dapat
diobservasi.
50


y. Pengukuran nilai wajar (lanjutan) y. Fair value measurement (continued)
Semua aset dan liabilitas yang diukur dengan All assets and liabilities for which fair value is
nilai wajar atau diungkapkan dalam laporan measured or disclosed in the financial
keuangan dikategorikan dalam hirarki nilai statements are categorized within the fair value
wajar berdasarkan tingkat masukan paling hierarchy, described as follows, based on the
rendah yang signifikan terhadap pengukuran lowest level input that is significant to the fair
nilai wajar secara keseluruhan: value measurement as a whole:
· Tingkat 1 - Harga kuotasian (tidak · Level 1 - Quoted (unadjusted) market
disesuaikan) di pasar aktif untuk aset atau prices in active markets for identical assets
liabilitas yang identik; or liabilities;
· Tingkat 2 - Teknik-teknik lain atas semua · Level 2 - Valuation techniques for which
input yang memiliki efek signifikan the lowest level input that is significant to
terhadap nilai wajar yang tercatat dapat the fair value measurement is directly or
diobservasi, baik secara langsung indirectly observable;
maupun tidak langsung;
· Tingkat 3 - Teknik yang menggunakan · Level 3 - Valuation techniques for which
input yang memiliki pengaruh signifikan the lowest level input that is significant to
terhadap nilai wajar yang tercatat yang the fair value measurement is
tidak berdasarkan data pasar yang dapat unobservable.
diobservasi.
Untuk aset dan liabilitas yang diakui dalam For assets and liabilities that are recognized in
laporan keuangan dalam basis yang berulang, the financial statements on a recurring basis, the
Kelompok Usaha menentukan apakah transfer Group determines whether transfers have
telah terjadi antara tingkat dalam hirarki dengan occurred between levels in the hierarchy by re-
menilai ulang kategori (berdasarkan tingkat assessing categorization (based on the lowest
masukan paling rendah yang signifikan level input that is significant to the fair value
terhadap pengukuran nilai wajar secara measurement as a whole) at the end of each
keseluruhan) pada setiap akhir periode reporting period.
pelaporan.
z. Kombinasi bisnis z. Business combinations
Kombinasi bisnis dicatat dengan menggunakan Business combinations are accounted for using
metode akuisisi. Biaya perolehan dari suatu the acquisition method. The cost of an
akuisisi diukur dari nilai agregat imbalan yang acquisition is measured as the aggregate of the
dialihkan, diukur pada nilai wajar pada tanggal consideration transferred, measured at
akuisisi dan jumlah setiap KNP pada pihak yang acquisition date fair value and the amount of
diakuisisi. Untuk setiap kombinasi bisnis, pihak any NCI in the acquiree. For each business
pengakuisisi mengukur KNP pada entitas yang combination, the acquirer measures the NCI in
diakuisisi pada nilai wajar atau pada proporsi the acquiree either at fair value or at the
kepemilikan KNP atas aset neto yang proportionate share of the acquiree’s
teridentifikasi dari entitas yang diakuisisi. Biaya- identifiable net assets. Transaction costs
biaya akuisisi yang timbul dibebankan langsung incurred are directly expensed and included in
dan dicatat dalam “Beban umum dan “General and administrative expenses”.
administrasi”.
51


z. Kombinasi bisnis (lanjutan) z. Business combinations (continued)
Ketika Kelompok Usaha melakukan akuisisi When the Group acquires a business, it
atas sebuah bisnis, Kelompok Usaha assesses the financial assets acquired and
mengklasifikasikan dan menentukan aset liabilities assumed for appropriate
keuangan dan liabilitas keuangan yang diambil classification and designation in accordance
alih berdasarkan pada persyaratan kontraktual, with the contractual terms, economic
kondisi ekonomi dan kondisi terkait lainnya circumstances and pertinent conditions as at
yang ada pada tanggal akuisisi. Hal ini the acquisition date. This includes the
termasuk pemisahan atas derivatif yang separation of embedded derivatives in host
melekat pada kontrak utama oleh pihak yang contracts by the acquiree.
diakuisisi.
Dalam suatu kombinasi bisnis yang dilakukan If the business combination is achieved in
secara bertahap, pihak pengakuisisi mengukur stages, the fair value acquisition date of the
kembali kepemilikan atas ekuitas yang dimiliki acquirer’s previously held equity interest in the
sebelumnya pada pihak yang diakuisisi acquiree is remeasured to fair value at the
berdasarkan nilai wajar pada tanggal akuisisi acquisition date and any resulting gain or loss
dan mengakui keuntungan atau kerugian yang is recognized in profit or loss.
terjadi dalam laba rugi.
Imbalan kontinjensi yang akan dibayarkan oleh Any contingent consideration to be transferred
pihak pengakuisisi diakui pada nilai wajar pada aby the acquirer will be recognized at fair value
tanggal akuisisi. Perubahan nilai wajar atas at the acquisition date. Subsequent changes to
imbalan kontinjensi setelah tanggal akuisisi the fair value of the contingent consideration
yang diklasifikasikan sebagai aset atau which is deemed to be an asset or liability will
liabilitas, akan diakui dalam laporan laba rugi be recognized in accordance with PSAK
atau sebagai pendapatan komprehensif lain No. 55 (Revised 2015) either in profit or loss or
sesuai dengan PSAK No. 55 (Revisi 2015). Jika as other comprehensive income. If the
diklasifikasikan sebagai ekuitas, imbalan contingent consideration is classified as equity,
kontinjensinya tidak diukur kembali sampai it should not be remeasured until it is finally
penyelesaian terakhir dalam ekuitas. settled within equity.
Pada tanggal akuisisi, pertama kali goodwill At acquisition date, goodwill is initially
diukur pada harga perolehan yang merupakan measured at cost being the excess of the
selisih lebih nilai agregat dari imbalan yang aggregate of the consideration transferred and
dibayarkan dan jumlah yang diakui untuk KNP the amount recognized for NCI over the net
dibandingkan dengan jumlah dari aset identifiable assets acquired and liabilities
teridentifikasi dan liabilitas yang diperoleh. Jika assumed. If this consideration result is lower
imbalan tersebut kurang dari nilai wajar aset than the fair value of the net assets of the
neto Entitas Anak yang diakuisisi, selisih Subsidiary acquired, the difference is
tersebut diakui dalam laporan laba rugi. recognized in profit or loss.
Setelah pengakuan awal, goodwill diukur pada After initial recognition, goodwill is measured at
jumlah tercatat dikurangi akumulasi kerugian cost less any accumulated impairment losses.
penurunan nilai, jika ada. Untuk tujuan uji For the purpose of impairment testing, goodwill
penurunan nilai, goodwill yang diperoleh dari acquired in a business combination is allocated
suatu kombinasi bisnis dialokasikan sejak from the acquisition date to each of the Group’s
tanggal akuisisi kepada setiap unit penghasil cash-generating units (“CGU”) that are
kas (“UPK”) dari Kelompok Usaha yang expected to benefit from the combination,
diharapkan akan memperoleh manfaat dari irrespective of whether other assets or liabilities
kombinasi tersebut, terlepas dari apakah aset of the acquirer are assigned to those CGUs.
atau liabilitas lain dari pihak yang mengakuisisi
dialokasikan kepada UPK tersebut.
52


z. Kombinasi bisnis (lanjutan) z. Business combinations (continued)
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part of
UPK dan operasi tertentu dalam UPK tersebut the operation within that CGU is disposed of,
dilepas, maka goodwill yang terasosiasi dengan the goodwill associated with the operation
operasi yang dilepas tersebut dimasukkan disposed of is included in the carrying amount
dalam jumlah tercatat operasi tersebut ketika of the operation when determining the gain or
menentukan keuntungan atau kerugian dari loss on disposal of the operation. Goodwill
pelepasan operasi. Goodwill yang dilepaskan disposed of in this circumstance is measured
tersebut diukur berdasarkan nilai relatif operasi based on the relative values of the operation
yang dilepas dan porsi UPK yang ditahan. disposed of and the portion of the CGU
retained.
Sesuai dengan ketentuan dalam PSAK No. 22 In accordance with the provision of PSAK
(Revisi 2015), apabila proses akuntansi awal No. 22 (Revised 2015), if the initial accounting
untuk kombinasi bisnis belum selesai pada for a business combination is incomplete by the
akhir periode pelaporan pada saat kombinasi end of the reporting period in which the
terjadi, Kelompok Usaha melaporkan jumlah combination occurs, the Group shall report in
sementara untuk pos-pos yang proses its consolidated financial statements
akuntansinya belum selesai dalam laporan provisional amounts for the items for which the
keuangan konsolidasian. Selama periode accounting is incomplete. During the
pengukuran, Kelompok Usaha menyesuaikan measurement period, the Group shall
secara retrospektif jumlah sementara yang retrospectively adjust the provisional amounts
diakui pada tanggal akuisisi untuk recognized at the acquisition date to reflect
mencerminkan informasi baru yang diperoleh new information obtained about facts and
tentang fakta dan keadaan yang ada pada circumstances that existed as of the acquisition
tanggal akuisisi dan, jika diketahui telah date and, if known, would have affected the
berdampak pada pengukuran jumlah yang measurement of the amounts recognized as of
diakui pada tanggal tersebut. that date.
aa. Peristiwa setelah periode pelaporan aa. Events after the reporting period
Peristiwa setelah periode pelaporan yang Post period-end events that provide additional
memberikan informasi tambahan mengenai information about the Group’s financial position
posisi keuangan Kelompok Usaha pada tanggal at the reporting date (“adjusting events”), if
pelaporan (“peristiwa penyesuaian”), jika ada, any, are reflected in the consolidated financial
dicerminkan dalam laporan keuangan statements. Post period-end events that are
konsolidasian. Peristiwa setelah periode not adjusting events are disclosed in the notes
pelaporan yang bukan peristiwa penyesuai to the consolidated financial statements when
diungkapkan dalam catatan atas laporan material.
keuangan konsolidasian jika material.
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,

AKUNTANSI SIGNIFIKAN ESTIMATES AND ASSUMPTIONS
Penyusunan laporan keuangan konsolidasian The preparation of consolidated financial

sesuai dengan Standar Akuntansi Keuangan di statements, in conformity with Indonesian Financial
Indonesia mewajibkan manajemen untuk membuat Accounting Standards, requires management to
estimasi dan asumsi yang mempengaruhi jumlah- make judgments of estimations and assumptions
jumlah yang dilaporkan dari pendapatan, beban, that affect the amounts reported on income,
aset dan liabilitas, dan pengungkapan liabilitas expenses, assets and liabilities and disclosures of
kontinjensi pada tanggal pelaporan. Ketidakpastian contigent liabilities at the reporting date. The
mengenai asumsi dan estimasi tersebut dapat uncertainty of assumption and estimation may
mengakibatkan penyesuaian nilai tercatat aset dan cause adjustment to the carrying amounts of assets
liabilitas dalam periode pelaporan berikutnya. and liabilities within the next reporting period
53


AKUNTANSI SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Manajemen berkeyakinan bahwa pengungkapan Management believes that the following represent a
berikut telah mencakup ikhtisar pertimbangan, summary of the significant judgements, estimates
estimasi dan asumsi signifikan yang dibuat oleh and assumptions made that affected certain
manajemen, yang berpengaruh terhadap jumlah- reported amounts and disclosures in the
jumlah yang dilaporkan serta pengungkapan dalam consolidated financial statements.
laporan keuangan konsolidasian.
Pertimbangan Judgments
Penyusunan laporan keuangan konsolidasian The preparation of the Group’s consolidated

Kelompok Usaha mensyaratkan manajemen untuk financial statements requires management to make
membuat pertimbangan, estimasi dan asumsi yang judgments, estimates and assumptions that affect
mempengaruhi jumlah yang dilaporkan atas the reported amounts of revenues, expenses,
pendapatan, beban, aset dan liabilitas, serta assets and liabilities, and the disclosures to the
pengungkapan laporan keuangan konsolidasi, pada consolidate financial statements, at the end of the
akhir periode pelaporan. Namun, ketidakpastian reporting period. However, uncertainty about these
asumsi dan estimasi ini dapat menyebabkan hasil assumptions and estimates could result in
yang memerlukan penyesuaian material atas nilai outcomes that require a material adjustment to the
tercatat aset atau liabilitas yang berdampak pada carrying amount of the assets or liabilities affected
masa mendatang. in future years.
Penentuan mata uang fungsional Determination of functional currency
Mata uang fungsional dari setiap entitas dalam The functional currency of each entity in the Group
Kelompok Usaha adalah mata uang dari lingkungan is the currency of the primary economic environment
ekonomi utama di mana entitas tersebut beroperasi. where such entity operates. Those currencies are
Mata uang tersebut adalah mata uang yang the currencies that influence the revenues and costs
mempengaruhi pendapatan dan biaya masing- of each of the respective entities. The determination
masing entitas. Penentuan mata uang fungsional of functional currency may require judgment due to
bisa membutuhkan pertimbangan karena berbagai various complexity, among others, the entity may
kompleksitas, antara lain, suatu entitas dapat transact in more than one currency in its daily
bertransaksi dalam lebih dari satu mata uang dalam business activities.
aktivitas usahanya sehari-hari.
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Kelompok Usaha menetapkan klasifikasi atas aset The Group determines the classifications of certain
dan liabilitas tertentu sebagai aset keuangan dan assets and liabilities as financial assets and financial
liabilitas keuangan dengan mempertimbangkan liabilities by complying the definition set forth in
apakah definisi yang ditetapkan PSAK No. 55 PSAK No. 55 (Revised 2014). Accordingly, the
(Revisi 2014) dipenuhi. Dengan demikian, aset financial assets and financial liabilities are
keuangan dan liabilitas keuangan diakui sesuai accounted for in accordance with the Group’s
dengan kebijakan akuntansi Kelompok Usaha accounting policies disclosed in Note 2h.
seperti diungkapkan pada Catatan 2h.
54


Pertimbangan (lanjutan) Judgments (continued)
Cadangan kerugian penurunan nilai piutang usaha Allowance for impairment loss on trade receivables
Kelompok Usaha mengevaluasi akun tertentu jika The Group evaluates specific accounts where it has
terdapat informasi bahwa pelanggan yang information that certain customers are unable to
bersangkutan tidak dapat memenuhi kewajiban meet their financial obligations. In these cases, The
keuangannya. Dalam hal tersebut, Kelompok Usaha Group uses judgment, based on the best available
mempertimbangkan, berdasarkan fakta dan situasi facts and circumstances, including but not limited to,
yang tersedia, termasuk namun tidak terbatas pada, the length of its relationship with the customer and
jangka waktu hubungan dengan pelanggan dan the customer's current credit status, to record
status kredit dari pelanggan, untuk mencatat provisi specific provisions for customers against amounts
yang spesifik atas jumlah piutang pelanggan guna due to reduce its receivable amounts that the Group
mengurangi jumlah piutang yang diharapkan dapat expects to collect.
diterima oleh Kelompok Usaha.
Provisi yang spesifik ini dievaluasi kembali dan Specific provisions are re-evaluated and adjusted if
disesuaikan jika tambahan informasi yang diterima additional information received affects the amount of
mempengaruhi jumlah cadangan kerugian allowance for impairment losses on accounts
penurunan nilai atas piutang usaha. Jumlah receivable. The amount of impairment loss as of
penyisihan kerugian penurunan nilai pada tanggal December 31, 2019 and 2018 amounted to
31 Desember 2019 dan 2018 masing-masing Rp135,147,712 and Rp136,836,694, respectively
sebesar Rp135.147.712 dan Rp136.836.694 (Note 6).
(Catatan 6).
Estimasi dan asumsi Estimates and assumptions

Asumsi kunci mengenai masa depan dan sumber The key assumptions concerning the future and
kunci lainnya untuk estimasi ketidakpastian pada other key sources of estimation uncertainty at the
akhir periode pelaporan yang memiliki risiko end of the reporting period that have a significant
signifikan yang menyebabkan penyesuaian material risk of causing a material adjustment to the carrying
terhadap nilai tercatat aset dan liabilitas dalam tahun amounts of assets and liabilities within the next
pelaporan berikutnya dijabarkan sebagai berikut: financial year are discussed below:
Estimasi masa manfaat atas aset tetap Estimated useful lives of fixed assets
Kelompok Usaha mengestimasi masa manfaat dari The Group estimates the useful lives of its fixed
aset tetap berdasarkan utilisasi dari aset yang assets based on expected asset utilization as
diharapkan dapat didukung dengan rencana dan anchored on business plans and strategies that also
strategi usaha yang juga mempertimbangkan consider expected future technological
perkembangan teknologi di masa depan dan developments and market behavior. The estimation
perilaku pasar. Estimasi dari masa manfaat aset of the useful lives of fixed asset is based on the
tetap adalah berdasarkan penelaahan Kelompok Group’s collective assessment of industry practice,
Usaha secara kolektif terhadap praktek industri, internal technical evaluation and experience with
evaluasi teknis internal dan pengalaman untuk aset similar assets.
yang setara.
Estimasi masa manfaat direviu paling sedikit setiap The estimated useful lives are reviewed at least at
akhir tahun pelaporan dan diperbarui jika ekspektasi each financial year end and are updated if
berbeda dari estimasi sebelumnya dikarenakan expectations differ from previous estimates due to
pemakaian dan kerusakan fisik, keusangan secara physical wear and tear, technical or commercial
teknis atau komersial dan hukum atau pembatasan obsolescence and legal or other limitations on the
lain atas penggunaan dari aset. Tetapi, adalah use of the assets. It is possible, however, that future
mungkin, hasil di masa depan dari operasi dapat results of operations could be materially affected by
dipengaruhi secara material oleh perubahan- changes in the estimates brought about by changes
perubahan dalam estimasi yang diakibatkan oleh in the factors mentioned above.
perubahan faktor-faktor yang disebutkan di atas.
55


Estimasi dan asumsi (lanjutan) Estimates and assumptions (continued)
Liabilitas imbalan kerja karyawan Employee benefits liabilities
Beban dari program pensiun manfaat pasti dan nilai The cost of defined benefit plan and present value
kini dari kewajiban pensiun ditentukan oleh penilaian of the pension obligation are determined based
aktuaris dengan menggunakan beberapa asumsi actuarial valuation which makes use of various
diantaranya tingkat diskonto, tingkat pengembalian assumptions such as discount rates, expected rates
dana yang diharapkan, tingkat kenaikan of return on plan assets, rates of compensation
kompensasi dan tingkat kematian, kewajiban increases and mortality rates. The defined benefit
manfaat pasti sangat sensitif terhadap perubahan obligation is highly sensitive to changes in the
asumsi. Nilai tercatat liabilitas telah diungkapkan assumptions. The carrying amount of the obligation
dalam Catatan 24. is disclosed in Note 24.
Ketidakpastian kewajiban perpajakan Uncertain tax exposure
Dalam situasi tertentu, Kelompok Usaha tidak dapat Income taxes In certain circumstances, the Group
menentukan secara pasti jumlah liabilitas pajak may not be able to determine the exact amount of
mereka pada saat ini atau masa depan karena its current or future tax liabilities due to ongoing
proses pemeriksaan, atau negosiasi dengan otoritas investigations by, or negotiations with, the taxation
perpajakan. Ketidakpastian timbul terkait dengan authority. Uncertainties exist with respect to the
intepretasi dari peraturan perpajakan yang interpretation of complex tax regulations and the
kompleks dan jumlah dan waktu dari pendapatan amount and timing of future taxable income. In
kena pajak di masa depan. Dalam menentukan determining the amount to be recognized in respect
jumlah yang harus diakui terkait dengan liabilitas of an uncertain tax liability, the Group applies similar
pajak yang tidak pasti, Kelompok Usaha considerations as it would use in determining the
menerapkan pertimbangan yang sama yang akan amount of a provision to be recognized in
mereka gunakan dalam menentukan jumlah accordance with PSAK No. 57, "Provisions,
cadangan yang harus diakui sesuai dengan PSAK Contingent Liabilities and Contingent Asset”.
No. 57, "Provisi, Liabilitas Kontijensi dan Aset Income tax is disclosed in Note 11.
Kontijensi". Pajak penghasilan telah diungkapkan
dalam Catatan 11.
Realisasi dari aset pajak tangguhan Realizability of deferred tax assets
Kelompok Usaha melakukan reviu atas nilai tercatat The Group reviews the carrying amounts of deferred
aset pajak tangguhan pada setiap akhir periode tax assets at the end of each reporting period and
pelaporan dan mengurangi nilai tersebut sampai reduces these to the extent that it is no longer
sebesar kemungkinan aset tersebut tidak dapat probable that sufficient taxable income will be
direalisasikan, dimana penghasilan kena pajak yang available to allow all or part of the deferred tax
tersedia memungkinkan untuk penggunaan seluruh assets to be utilized.
atau sebagian dari aset pajak tangguhan tersebut.
Penelaahan Kelompok Usaha atas pengakuan aset The Group’s assessment on the recognition of
pajak tangguhan untuk perbedaan temporer yang deferred tax assets on deductible temporary
dapat dikurangkan didasarkan atas tingkat dan differences is based on the level and timing of
waktu dari penghasilan kena pajak yang ditaksirkan forecasted taxable income of the subsequent
untuk periode pelaporan berikutnya. Taksiran ini reporting periods. This forecast is based on the
berdasarkan hasil pencapaian Kelompok Usaha di Group’s past results and future expectations on
masa lalu dan ekspektasi di masa depan terhadap revenues and expenses as well as future tax
pendapatan dan beban, sebagaimana juga dengan planning strategies. However, there is no assurance
strategi perencanaan perpajakan di masa depan. that the Group will generate sufficient taxable
Tetapi tidak terdapat kepastian bahwa Kelompok income to allow all or part of the deferred tax assets
Usaha dapat menghasilkan penghasilan kena pajak to be utilized.
yang cukup untuk memungkinkan penggunaan
sebagian atau seluruh bagian dari aset pajak
tangguhan tersebut.
Aset (liabilitas) pajak tangguhan diungkapkan dalam Deferred tax assets (liabilities) are disclosed in Note
Catatan 11f. 11f.
56

4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
2019 2018
Kas 1.598.780 1.885.406 Cash

Bank 987.863.812 879.996.194 Bank
Deposito 4.521.441.000 2.267.232.200 Time deposit
Total 5.510.903.592 3.149.113.800 Total
Kas Cash
Rupiah 1.380.498 1.645.800 Rupiah
Dolar AS 218.224 239.549 US Dollar
Dolar Singapura 58 57 Singapore Dollar
Total 1.598.780 1.885.406 Total
Bank Bank
Rupiah Rupiah
Pihak Berelasi Related Parties
PT Bank Mandiri (Persero) Tbk 304.344.693 76.628.371 PT Bank Mandiri (Persero) Tbk
PT Bank Tabungan Negara PT Bank Tabungan Negara
(Persero) Tbk 215.099.621 426.847.228 (Persero) Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
PT Bank Syariah Mandiri Tbk 49.366.213 23.584.667 PT Bank Syariah Mandiri Tbk
PT Bank BRI Syariah Tbk 2.183.409 1.518.123 PT Bank BRI Syariah Tbk
Subtotal Pihak Berelasi 838.184.727 793.457.334 Subtotal Related Parties
Pihak Ketiga Third Parties

PT Bank Bukopin Tbk 49.610.485 29.528.978 PT Bank Bukopin Tbk
PT Bank Central Asia Tbk 21.042.288 21.273.251 PT Bank Central Asia Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Timur Tbk 6.181.996 1.222.216 Jawa Timur Tbk
PT Bank CIMB Niaga Tbk 3.908.279 5.560.302 PT Bank CIMB Niaga Tbk
PT Bank Muamalat Indonesia Tbk 2.038.231 1.493.691 PT Bank Muamalat Indonesia Tbk
Sumatera Utara 536.033 - Sumatera Utara
PT Bank Mega Tbk 444.874 115.823 PT Bank Mega Tbk
PT Bank Permata Tbk 390.778 379.888 PT Bank Permata Tbk
Jabar dan Banten Tbk 368.613 112.249 Jabar dan Banten Tbk
Kalimantan Timur 173.075 4.776 Kalimantan Timur
Bank Sinarmas Syariah 31.654 31.806 Bank Sinarmas Syariah
Khusus Ibu Kota Jakarta 930 - Khusus Ibu Kota Jakarta
PT Bank Syariah Victoria 404 1.140 PT Bank Syariah Victoria
Sumatera Barat - 521.551 Sumatera Barat
Subtotal Pihak Ketiga 84.727.640 60.245.671 Subtotal Third Parties

Total Bank Rupiah 922.912.367 853.703.005 Total Bank Rupiah
57

4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
2019 2018
Bank Bank
Dolar AS US Dollar
(Persero) Tbk 772.883 808.782 (Persero) Tbk

PT Bank Muamalat Indonesia Tbk 4.480.799 2.048.001 PT Bank Muamalat Indonesia Tbk
Citibank N.A 2.972.804 3.097.427 Citibank N.A.
PT Bank Central Asia Tbk 308.146 308.996 PT Bank Central Asia Tbk
PT Bank Permata Tbk 3.610 4.606 PT Bank Permata Tbk
Total Bank Dolar AS 64.951.445 26.293.189 Total Bank US Dollar
Total Bank 987.863.812 879.996.194 Total Bank
Deposito Time Deposit

Rupiah Rupiahs
PT Bank Mandiri (Persero) Tbk 75.000.000 75.000.000 PT Bank Mandiri(Persero) Tbk
PT Bank Tabungan Negara Syariah 41.900.000 21.900.000 PT Bank Tabungan Negara Syariah
Syariah (Persero) Tbk 15.000.000 - (Persero) Tbk
PT Bank Negara Indonesia Syariah PT Bank Negara Indonesia Syariah
(Persero) Tbk - 110.000.000 (Persero) Tbk
Subtotal Pihak Berelasi 1.134.000.000 509.000.000 Subtotal Related Parties

PT Bank Bukopin Tbk 1.912.100.000 735.100.000 PT Bank Bukopin Tbk
Jabar dan Banten Tbk 900.000.000 139.300.000 Jabar dan Banten Tbk
PT Bank Mega Tbk 5.400.000 5.400.000 PT Bank Mega Tbk
Sumatera Barat - 43.000.000 Sumatera Barat
PT Bank Muamalat PT Bank Muamalat
Indonesia Tbk - 21.600.000 Indonesia Tbk
Subtotal Pihak Ketiga 2.817.500.000 944.400.000 Subtotal Third Parties
Total Deposito Rupiah 3.951.500.000 1.453.400.000 Total Time Deposits Rupiah
58

4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
2019 2018
Dolar AS US Dollar
(Persero) Tbk 111.208.000 - (Persero) Tbk
PT Bank Mandiri (Persero) Tbk - 43.443.000 PT Bank Mandiri (Persero) Tbk
Dolar AS US Dollar
PT Bank Bukopin Tbk 159.861.500 152.050.500 PT Bank Bukopin Tbk
PT Bank Mega Tbk - 166.531.500 PT Bank Mega Tbk
PT Bank Muamalat Indonesia Tbk - 159.291.000 PT Bank Muamalat Indonesia Tbk

Total Deposito Dolar AS 569.941.000 813.832.200 Total Time Deposits US Dollar
Total Deposito 4.521.441.000 2.267.232.200 Total Time Deposits
Total Kas dan Setara Kas 5.510.903.592 3.149.113.800 Total Cash and Cash Equivalents
Rupiah Rupiah
Deposito Berjangka 5,50% - 8,00% 7,40% - 9,00% Time Deposit
Deposito On Call 7,25% - 7,60% 5,50% - 9,25% Deposit On Call
Dolar AS US Dollar
Deposito Berjangka 2,50% - 3,20% 2,60% - 3,75% Time Deposit
5. INVESTASI JANGKA PENDEK 5. SHORT-TERM INVESTMENTS
a. Investasi jangka pendek terdiri dari: a. Short-term investments consist of:
2019 2018
Reksadana 378.232.220 458.950.737 Mutual fund

Deposito berjangka > 3 bulan 264.839.700 - Time Deposit > 3 months
Obligasi - tersedia untuk dijual 22.790.392 19.156.044 Bonds - available for sale
Total 665.862.312 478.106.781 Total
59

5. INVESTASI JANGKA PENDEK (lanjutan) 5. SHORT-TERM INVESTMENTS (continued)

1) Deposito berjangka lebih dari 3 bulan 1) Time Deposits above 3 months up to 1

sampai dengan 1 tahun year
31 Desember/December 31, 2019 31 Desember/December 31, 2018
Nilai nominal/ Nilai tercatat/ Nilai Nominal/ Nilai tercatat/

Nominal value Carrying value Nominal value Carrying value
Rupiah Rupiah
Pihak Ketiga ThirdParties
PT Bank Bukopin 105.000.000 105.000.000 - - PT Bank Bukopin
PT Bank Pembangunan PT Bank Pembangunan Daerah
Daerah Sumatera Barat 25.000.000 25.000.000 - - Sumatera Barat
Sub-total Rupiah 130.000.000 130.000.000 - - Subtotal Rupiah
Dolar AS US Dollar
(Persero) Tbk 134.839.700 134.839.700 - - (Persero) Tbk
Sub-total Dolar AS 134.839.700 134.839.700 - - Subtotal US Dollar
Total Deposito Berjangka 264.839.700 264.839.700 - - Total Time Deposits
2) Obligasi - tersedia untuk dijual 2) Bonds - available for sale

Nilai nominal/ Nilai tercatat/ Nilai nominal/ Nilai tercatat/

Rupiah Rupiah
ORI (IDR) 7%, 2030, AFS 5.000.000 4.925.000 - - ORI (IDR) 7%, 2030, AFS
TINS (IDR) 8,5%, 2022, AFS 4.000.000 3.990.400 - - TINS (IDR) 8,5%, 2022, AFS
Sub-total Rupiah 9.000.000 8.915.400 - - Subtotal Rupiah
Dolar AS US Dollar
PLN (USD) 5,5%, 2021, AFS 9.670.000 13.874.992 9.670.000 19.156.044 PLN (USD) 5,5%, 2021, AFS
Sub-total Dolar AS 9.670.000 13.874.992 9.670.000 19.156.044 Subtotal US Dollar
Total Obligasi 18.670.000 22.790.392 9.670.000 19.156.044 Bonds total
60


3) Reksadana - tersedia untuk dijual 3) Mutual fund - available for sale

Nilai Nominal/ Nilai tercatat/ Nilai Nominal/ Nilai tercatat/

Nominal Value Carrying Value Nominal Value Carrying Value
Rupiah Rupiah
Danamas Stabil 26.000.000 45.794.966 26.000.000 42.683.577 Danamas Stabil
RDT Simas BUMN Fund 40.000.000 40.000.000 40.000.000 40.000.000 RDT Simas BUMN Fund
RDT Panin 7 20.000.000 30.000.000 20.000.000 30.000.000 RDT Panin 7
Trim Kapital Plus 20.000.000 28.272.134 20.000.000 28.849.896 Trim Kapital Plus
SAM Indonesian Equity Fund 30.000.000 28.058.839 30.000.000 27.143.809 SAM Indonesian Equity Fund
Panin Dana Maksima 19.975.062 27.503.050 19.975.062 27.327.508 Panin Dana Maksima
Panin Dana Bersama Plus 20.000.000 25.155.757 20.000.000 24.770.159 Panin Dana Bersama Plus
RDT Panin 2 20.000.000 20.000.000 20.000.000 20.000.000 RDT Panin 2
Simas Satu 10.005.130 15.425.655 10.005.130 14.999.734 Simas Satu
Panin Dana Unggulan 10.000.000 15.200.859 10.000.000 14.688.685 Panin Dana Unggulan
Panin Dana Prima 10.000.000 14.968.060 10.000.000 15.342.709 Panin Dana Prima
Syailendra Equity 10.000.000 14.299.629 10.000.000 14.781.699 Syailendra Equity
RDT Simas Cemerlang 8 10.000.000 10.000.000 10.000.000 10.000.000 RDT Simas Cemerlang 8
RDT Panin 12 10.000.000 10.000.000 - - RDT Panin 12
HPAM Flexi Plus 10.000.000 9.385.927 10.000.000 8.175.506 HPAM Flexi Plus
Panin Infrastruktur 10.000.000 9.327.455 10.000.000 9.637.032 Panin Infrastruktur
RDT Simas Gemilang 11 - - 30.000.000 30.000.000 RDT Simas Gemilang 11
RDT Simas Cemerlang 2 - - 15.000.000 15.000.000 RDT Simas Cemerlang 2
RDT Simas Gemilang 14 - - 10.000.000 10.000.000 RDT Simas Gemilang 14
Lain-lain - - - 138.851 Others
Sub-total Rupiah 275.980.192 343.392.331 320.980.192 383.539.165 Subtotal Rupiah
Dalam mata uang asing: In foreign currencies:

Danareksa Melati Premium - - 43.212.000 42.874.354 Danareksa Melati Premium
Pihak Ketiga: Third Parties:

Panin Dana Infrastruktur 28.808.000 34.839.889 28.808.000 32.537.218 Panin Dana Infrastruktur
Sub-total Dolar AS 28.808.000 34.839.889 72.020.000 75.411.572 Subtotal US Dollar
Total Reksadana 304.788.192 378.232.220 393.000.192 458.950.737 Total Mutual fund
b. Berdasarkan jatuh tempo b. Based on maturity

2019 2018
Kurang dari 1 tahun 643.071.921 458.950.737 Less than 1 year
1 - 5 tahun 22.790.391 19.156.044 1 - 5 years
Total 665.862.312 478.106.781 Total
c. Tingkat suku bunga c. Interest rate
2019 2018
Rupiah: Rupiah:
Deposito 7,30% - 8,75% 7,20%-8,75% Deposits
Obligasi 7,00% - 8,50% - Bonds
Dollar AS: US Dollar:
Obligasi 2,60% - 3,60% 2,60%-3,60% Bonds
61

d. Keuntungan yang belum direalisasi dari aset d. Unrealised gains from financial assets
keuangan yang tersedia untuk dijual available for sale
2019 2018
Nilai wajar pada awal tahun 478.106.781 377.777.808 Fair value at beginning
Penambahan nilai investasi 33.319.096 100.000.000 Additional investments
Pengurangan nilai investasi (88.217.130) (30.010.000) Disposal investments
Tersedia untuk dijual 423.208.747 447.767.808 Available for sale
Nilai wajar pada akhir periode 401.022.612 478.106.781 Fair value at year end
Diakui sebagai laba (rugi) Recognized as profit (loss)
tahun berjalan 22.186.135 (11.182.929) for the year
Keuntungan (kerugian) belum Unrealized gain (loss)
direalisasi yang diakui sebagai are recognized as other
penghasilan komprehensif lain 12.293.462 (2.769.906) comprehensive income
Nilai wajar seluruh aset keuangan tersedia The fair value of all available-for-sale financial
untuk dijual berdasarkan harga penawaran assets is based on the current bid price in active
yang berlaku dalam pasar yang aktif dan input markets and observable inputs other than
selain harga pasar yang dapat diobservasi. quoted prices. For further information about the
Untuk informasi lebih lanjut mengenai metode methods used and assumptions applied in
dan asumsi yang digunakan dalam menentukan determining fair value in Note 2y.
nilai wajar pada Catatan 2y.
6. PIUTANG USAHA 6. TRADE RECEIVABLES
Rincian piutang usaha adalah sebagai berikut: The details of trade receivables are as follows:
2019 2018
PT Merpati Nusantara Airlines 50.889.126 51.115.744 PT Merpati Nusantara Airlines
PT Garuda Indonesia PT Garuda Indonesia
PT Aerofood Indonesia 31.852.138 - PT Aerofood Indonesia
PT Telekomunikasi Seluler 10.564.798 - PT Telekomunikasi Seluler
PT Citilink Indonesia 8.882.683 - PT Citilink Indonesia
PT Pertamina (Persero) 8.802.387 24.748.821 PT Pertamina (Persero)
PT Gapura Angkasa 8.271.374 6.926.812 PT Gapura Angkasa
PT Bank Negara Indonesia (Persero) Tbk 2.179.914 1.839.957 PT Bank Negara Indonesia (Persero) Tbk
PT Propernas Griya Utama 2.035.474 - PT Propernas Griya Utama
Kokapura 1.776.599 3.349.026 Kokapura
PT Waskita Karya PT Waskita Karya
(Persero) Tbk 1.616.000 - (Persero) Tbk
Instansi Pemerintah 1.498.456 2.345.135 Government Institution
PT Nindya Karya (Persero) 1.232.000 - PT Nindya Karya (Persero)
Perum LPPNPI 999.634 901.910 Perum LPPNPI
Lain-lain 8.577.492 5.868.814 Others
Sub-total pihak berelasi 191.573.715 143.299.046 Subtotal related parties
Penyisihan kerugian penurunan nilai (53.120.595) (52.965.004) Allowance for impairment loss
Total pihak berelasi 138.453.120 90.334.042 Total related parties
62

6. PIUTANG USAHA (lanjutan) 6. TRADE RECEIVABLES (continued)
Rincian piutang usaha adalah sebagai berikut The details of trade receivables are as follows
(lanjutan): (continued):
2019 2018
Perusahaan swasta 328.390.837 375.977.010 Private companies
Maskapai luar negeri 80.782.716 71.860.084 Foreign airlines
Maskapai dalam negeri 62.167.571 55.609.776 Domestic airlines
Sub-total Pihak Ketiga 471.341.124 503.446.870 Subtotal Third Parties
Total pihak ketiga 389.314.007 419.575.180 Total third parties

Total piutang usaha 662.914.839 646.745.916 Total trade receivables
Total piutang usaha neto 527.767.127 509.909.222 Total trade receivables net
Rincian piutang usaha sesuai denominasi mata The details of trade receivables denominated in their
uangnya sebagai berikut : currencies are as follows :
2019 2018
Rupiah 438.231.005 458.717.870 Rupiah

Dolar AS 89.536.122 51.191.352 US Dollar
Total 527.767.127 509.909.222 Total
Mutasi penyisihan kerugian penurunan nilai adalah The movements in the allowance for impairment
sebagai berikut: loss are as follows:
2019 2018
Saldo awal 136.836.694 139.602.882 Beginning balance
Penyisihan tahun berjalan 24.471.421 41.337.087 Allowance during current year
Penghapusan periode berjalan (4.578.131) (295.560) Write-off during current year
Pelunasan tahun berjalan (21.582.272) (43.807.715) Repayments during the year
Saldo akhir tahun 135.147.712 136.836.694 Balance at the end of the year
Rincian piutang usaha berdasarkan umur piutang: The details of trade receivables based on aging
schedule:
2019 2018
0 - 90 hari 448.562.817 418.937.990 0 - 90 days

91 - 180 hari 18.207.430 21.416.272 91 - 180 days
181 - 360 hari 15.578.691 16.351.565 181 - 360 days
> 360 hari 180.565.901 190.040.089 > 360 days
Total 527.767.127 509.909.222 Total
63

6. PIUTANG USAHA (lanjutan) 6. TRADE RECEIVABLES (continued)
Piutang kepada PT Merpati Nusantara Airlines Receivables from PT Merpati Nusantara Airlines
sebesar Rp50.889.126 sudah dinyatakan macet dan amounting to Rp50,889,126 has been declared to
atas semua saldo piutang tersebut telah dilakukan be impaired and all outstanding balances of
cadangan penurunan nilai. PT Merpati Nusantara receivables have been impaired. PT Merpati
Airline telah mengajukan Penundaan Kewajiban Nusantara Airlines has filed Penundaan Kewajiban
Pembayaran Utang (PKPU) yang telah disetujui oleh Pembayaran Utang (PKPU) that has been agreed
Pengadilan Niaga pada Pengadilan Negeri by Business Court on November 14, 2018.
Surabaya tanggal 14 November 2018. Dalam According to the sentence, the balance of the
keputusan tersebut, disebutkan bahwa saldo Company’s receivables from PT Merpati Nusantara
piutang Perusahaan kepada PT Merpati Nusantara Airline amounting to Rp50,796,430,126 (full
Airline sebesar Rp50.796.430.126 (angka penuh). amount). The amount is based on exchange rate on
Saldo tersebut berdasarkan kurs tanggal February 6, 2018.
6 Februari 2018.
Berdasarkan hasil penelaahan kolektibilitas akun Based on the review of the collectibility of the trade
piutang usaha pada akhir tahun, manajemen receivables at the end of the year, the management
berkeyakinan bahwa cadangan penurunan nilai believes that the above allowance for impairment in
piutang usaha di atas adalah cukup. value of trade receivables is sufficient.
Pada tanggal 31 Desember 2019, tidak terdapat As of December 31, 2019, there are no trade
piutang usaha yang dijaminkan sehubungan dengan receivables sold with recourse nor used as collateral
liabilitas apapun. for any obligations.
7. PIUTANG LAIN-LAIN 7. OTHER RECEIVABLES
Piutang lain-lain terdiri dari: Other receivables consist of:
2019 2018

Penyisihan kerugian penurunan nilai (3.646.740) (3.651.672) Allowance for Impairment loss
Total piutang lain-lain 80.344.191 39.711.686 Total other receivables
Mutasi penyisihan kerugian penurunan piutang The movements in the allowance for impairment
adalah sebagai berikut: loss are as follows:
2019 2018
Penyisihan tahun berjalan - 2.012.700 Allowance during the year
Pemulihan tahun berjalan (4.932) (92.659) Recovery during the year
64

7. PIUTANG LAIN-LAIN (lanjutan) 7. OTHER RECEIVABLES (continued)
Analisis umur piutang lain-lain adalah sebagai The aging analysis of other receivables is as
berikut: follows:
2019 2018
Belum jatuh tempo 32.468.797 37.377.923 Not yet due

0 - 1 tahun 21.153.934 2.782.702 0 - 1 year
diatas 1 tahun 30.368.200 3.202.733 above 1 years
Total 80.344.191 39.711.686 Total
Berdasarkan hasil penelaahan kolektibilitas akun Based on the review of the collectibility of the other
piutang lain-lain pada akhir tahun, manajemen receivables at the end of the year, the management
berkeyakinan bahwa penyisihan kerugian believes that the above allowance for impairment
penurunan nilai piutang lain-lain di atas adalah loss of other receivables is sufficient.
cukup.
8. PERSEDIAAN 8. INVENTORIES
Persediaan terdiri dari: Inventories consist of:
2019 2018
Persediaan alat kantor dan percetakan 30.264.587 33.832.717 Office supplies and equipment
Persediaan barang dagang 18.274.762 5.941.208 Merchandise inventory
Suku cadang pemeliharaan 17.195.257 42.264.931 Maintenance spare-part
Persediaan bahan bakar 2.446.291 2.472.880 Fuel supplies
Persedian hotel dan lounge 1.260.045 1.861.512 Hotel and lounge supplies
Total 69.440.942 86.373.248 Total

Penyisihan penurunan nilai (36.916) (1.565.428) Allowance for impairment loss
Total 69.404.026 84.807.820 Total
Pada tanggal 31 Desember 2019 dan 2018, As of December 31, 2019 and 2018, allowance for
cadangan penyisihan kerugian penurunan nilai impairment loss of inventories with the condition of
persediaan dengan kondisi barang rusak masing- damaged goods amounting to Rp36,916 and
masing sebesar Rp36.916 dan Rp1.565.428. Rp1,565,428, respectively.
Berdasarkan hasil penelaahan pada akhir tahun, Based on the review at the end of the year, the
manajemen berkeyakinan bahwa penyisihan management believes that the above allowance for
penurunan nilai persediaan di atas adalah cukup. impairment loss of inventories is sufficient.
Pada tanggal 31 Desember 2019 dan 2018, tidak As of December 31, 2019 and 2018, there are no
terdapat persediaan yang dijaminkan sehubungan guaranteed inventory in respect of any liability and
dengan liabilitas apapun dan tidak terdapat no insured inventory.
persediaan yang diasuransikan.
65

9. UANG MUKA DAN BEBAN DIBAYAR DI MUKA 9. ADVANCES AND PREPAID EXPENSES
Uang muka dan beban dibayar di muka terdiri dari: Advances and prepaid expenses consist of:
2019 2018
Pembelian persediaan 56.846.547 63.986.012 Inventories purchase

Asuransi 29.619.998 20.884.665 Insurance
Biaya karyawan dibayar di muka 26.919.139 54.295.987 Employees paid in advanced
Umum 12.585.665 40.641.635 General
Kontribusi tetap (Catatan 42) 10.296.694 - Permanent contribution (Note 42)
Lain-lain 16.356.797 13.894.282 Miscellaneous
Total 152.624.840 193.702.581 Total
Bagian jangka pendek (139.959.625) (159.380.727) Current portion

Bagian jangka panjang 12.665.215 34.321.854 Non-current portion
Asuransi merupakan asuransi dibayar di muka atas Insurance represents prepaid expenses insurance
aset tetap Perusahaan. for fixed assets of the Company.
Biaya karyawan dibayar dimuka adalah pembayaran Employees paid in advanced are residential paid
biaya bantuan uang sewa rumah kepada karyawan assistance to employees of the Company.
Perusahaan.
Uang muka dan beban dibayar di muka lain-lain Miscellaneous advances and prepaid expenses are
terutama sehubungan dengan pemakaian mainly consist of the use of supplies, rent and
persediaan, sewa dan beban umum. general expenses.
10. PENDAPATAN YANG MASIH HARUS DITERIMA 10. ACCRUED REVENUES

2019 2018
Non-aeronautika 152.838.505 101.384.284 Non-aeronautical

Aeronautika 131.198.556 191.618.705 Aeronautical
Lainnya 6.985.377 5.441.340 Others
Total 291.022.438 298.444.329 Total
Pendapatan yang masih harus diterima untuk Accrued revenues of aeronautical consist of Aircraft
aeronautika mencakup pendapatan-pendapatan Landing, Placing and Storing Service (PJP4U),
atas Jasa Pendaratan, Penempatan dan Aircraft Passanger Handling Service (PJP2U),
Penyimpanan Pesawat Udara (PJP4U), Jasa Cargo and Post Services (PJKP2U), aviobridge
Penumpang Pesawat Udara (PJP2U), Jasa Kargo services and extended fee.
dan Pos Pesawat Udara (PJKP2U), jasa aviobridge
dan extended fee.
Pendapatan yang masih harus diterima untuk non- Accrued revenues of non-aeronautical consist of
aeronautika mencakup pendapatan-pendapatan revenues for space rental services, use of
atas jasa sewa ruang, pemakaian jasa gudang, warehouse, land rental, concessions, parking,
sewa tanah, konsesi, parkir, pemakaian electricity/telephone/water, the use of premium
listrik/telepon/air, pemakaian premium lounge dan lounges and other services.
jasa lainnya.
Pendapatan yang masih harus diterima lainnya Other accrued revenues consist of the interest
merupakan akrual atas pendapatan bunga deposito. income on deposits.
66

11. PERPAJAKAN 11. TAXATION
a. Pajak dibayar di muka a. Prepaid taxes
Pajak dibayar di muka Prepaid taxes
2019 2018
Perusahaan The Company

PPN masukan 631.013.856 226.983.245 VAT in
Entitas anak Subsidiaries

PPh pasal 28 - 4.447.597 Income tax article 28
Total 840.957.804 367.865.228 Total
b. Estimasi tagihan pajak b. Estimated claims for refundable tax
2019 2018

PPh pasal 28 99.018.495 - Income tax article 28

PPh pasal 28 13.692.596 - Income tax article 28
Total 112.711.091 - Total
c. Utang pajak c. Tax payables
2019 2018

PPN keluaran 91.028.438 82.383.245 VAT out
PPh pasal 4 (2) 66.273.593 37.900.041 Income tax article 4 (2)
PPh pasal 25 16.558.482 15.356.191 Income tax article 25
PPh pasal 22 1.147.767 389.065 Income tax article 22
PPh pasal 29 - 363.867 Income tax article 29
67

11. PERPAJAKAN (lanjutan) 11. TAXATION (continued)
c. Utang pajak (lanjutan) c. Tax payables (continued)

2019 2018
PPN keluaran 76.519.623 51.980.117 VAT out
PPh pasal 4 (2) 1.016.195 1.427.679 Income tax article 4 (2)
PPh pasal 29 - 5.233.947 Income tax article 29
Pajak lainnya 1.139.674 2.476.194 Other taxes
Total 425.502.215 393.235.617 Total
d. Beban pajak penghasilan badan d. Corporate Income tax expense

Tahun yang berakhir pada tanggal
31 Desember/
Year ended December 31,
2019 2018
Pajak kini Current tax

Tahun berjalan 386.268.737 436.526.257 Current year
Hasil ketetapan pajak 31.482.404 21.942.480 Tax assessment letter
Entitas anak 64.528.773 76.318.225 Subsidiaries
Sub-total 482.279.914 534.786.962 Subtotal
Pajak tangguhan Deffered tax
Perusahaan 11.625.602 159.890.059 The Company
Entitas anak (1.597.437) (5.661.123) Subsidiaries
Total 492.308.079 689.015.898 Total
e. Taksiran pajak penghasilan e. Provision for income tax

Rekonsiliasi antara laba sebelum pajak The reconciliation between profit before
penghasilan badan, seperti yang disajikan corporate income tax, as shown in the
dalam laporan laba rugi dan penghasilan consolidated statement profit or loss and
komprehensif lain konsolidasian, dan taksiran comprehensive income, and estimated taxable
pendapatan kena pajak Perusahaan adalah income of the Company is as follows:
sebagai berikut:
31 Desember/
2019 2018
Laba sebelum pajak penghasilan Profit before corporate income tax
badan menurut laporan laba rugi in consolidated statement
dan penghasilan komprehensif lain of profit or loss and
konsolidasian 1.944.535.245 2.694.934.057 other comprehensive income
Dikurangi: Less:
Laba entitas anak sebelum beban Profit of subsidiaries before
pajak penghasilan badan corporate income tax expense
dan efek eliminasi (89.998.403) (218.617.188) and elimination effect
Laba Perusahaan sebelum Profit before corporate income tax
pajak penghasilan badan 1.854.536.842 2.476.316.869 attributable to the Company
68

e. Taksiran pajak penghasilan (lanjutan) e. Provision for income tax (continued)
Rekonsiliasi antara laba sebelum pajak The reconciliation between profit before
penghasilan badan, seperti yang disajikan corporate income tax, as shown in the
dalam laporan laba rugi dan penghasilan consolidated statement profit or loss and
komprehensif lain konsolidasian, dan taksiran comprehensive income, and estimated taxable
pendapatan kena pajak Perusahaan adalah income of the Company is as follows:
sebagai berikut: (lanjutan) (continued)
31 Desember/
2019 2018
pajak penghasilan badan 1.854.536.842 2.476.316.869 attributable to the Company
Penghasilan dikenakan pajak final (613.070.376) (478.814.962) Income subject to final tax
pajak penghasilan badan after expenses (revenues)
setelah beban (penghasilan) subjected to final tax
yang pajaknya bersifat final 1.241.466.466 1.997.501.907 attributable to the Company
Ditambah (dikurangi): Add (deduct):

Beda tetap: Permanent difference:
Beban tidak dapat dikurangkan 332.928.349 230.644.411 Non-deductible expenses
Beda waktu: Temporary difference:
Penyisihan penurunan nilai 15.788.666 36.315.241 Allowance for impairment losses
Penyusutan (57.382.532) (175.301.589) Depreciation
Imbalan kerja karyawan 12.273.999 (343.054.942) Employee benefits
Sub-total 303.608.482 (251.396.879) Subtotal
Taksiran penghasilan kena Estimated taxable income

pajak Perusahaan 1.545.074.948 1.746.105.028 of the Company
Beban pajak penghasilan 386.268.737 436.526.257 Income tax expense
Dikurangi: Deducted:
Pajak dibayar di muka Prepaid tax
Total 485.287.232 436.162.390 Total
Taksiran (tagihan)/utang Estimated income

pajak penghasilan (99.018.495) 363.867 tax (claims)/payable
Perhitungan taksiran pajak penghasilan kena The calculation of estimated taxable income at
pajak pada akhir tahun menjadi dasar dalam the end of the year is used as a basis in filling
pengisian Surat Pemberitahuan Tahunan Pajak the annual corporate income tax return.
Penghasilan Badan.
Berdasarkan undang-undang perpajakan yang Based on the taxation laws of Indonesia,

berlaku di Indonesia, entitas-entitas di dalam entities within the group calculate and pay tax
group menghitung dan membayar sendiri on the basis of self assesment. The Directorate
besarnya jumlah pajak yang terutang. General of Tax may asess or amend tax
Direktorat Jenderal Pajak dapat menetapkan liabilities within 5 (five) years of the time the tax
atau mengubah liabilitas pajak dalam batas becomes due.
waktu 5 (lima) tahun sejak saat terutangnya
pajak.
69

e. Taksiran pajak penghasilan (lanjutan) e. Provision for income tax (continued)
Rekonsiliasi antara hasil perkalian laba The reconciliation between the result of the
akuntansi sebelum pajak penghasilan badan multiplication of accounting income before
dengan tarif pajak yang berlaku dan beban corporate income tax with the current tax rate and
pajak penghasilan sebagai berikut: income tax expense is as follows:

31 Desember/
2019 2018
Laba sebelum pajak penghasilan Profit before corporate income tax
badan menurut laporan laba rugi in consolidated statement
dan penghasilan komprehensif lain of profit or loss and
konsolidasian 1.944.535.245 2.694.934.057 other comprehensive income
Beban pajak penghasilan

berdasarkan tarif pajak Income tax expense based on
yang berlaku 486.133.811 673.733.514 applicable tax rate
Beban tidak dapat dikurangkan 167.480.449 168.924.584 Non-deductible expenses
Hasil ketetapan pajak 31.606.369 21.942.480 Tax assessment letter
Pendapatan yang dikenakan pajak final (220.078.424) (232.279.225)
Penyesuaian 27.165.874 56.694.545 Adjustment
Beban pajak penghasilan 492.308.079 689.015.898 Income tax expense
f. Aset/liabilitas pajak tangguhan f. Deferred tax assets/liabilities
2019 2018
Aset pajak tangguhan: Deferred tax assets:

Total 48.494.898 41.157.712 Total
Liabilitas pajak tangguhan: Deferred tax liabilities:

Total 79.885.504 89.079.821 Total
70

f. Pajak tangguhan (lanjutan) f. Deferred taxes (continued)
Perhitungan beban (manfaat) dan aset pajak The calculation of deferred tax expense
tangguhan sebagai berikut: (benefit) and deferred tax assets is as follows:
Tahun yang berakhir pada tanggal 31 Desember 2019/
Year ended December 31, 2019
Dikreditkan
(dibebankan)
ke laba rugi/ Dikreditkan
Credited ke ekuitas/
1 Januari 2019/ (charged) Credited Penyesuaian/ 31 Desember 2019/
January 1, 2019 to profit or loss to equity Adjustment December 31, 2019
Aset pajak tangguhan Deferred tax asset

Entitas anak 41.157.712 7.500.013 202.705 (365.532) 48.494.898 Subsidiaries
Aset (liabilitas) Pajak

tangguhan Deferred tax asset (liabilities)
Perusahaan: The Company:
Penyisihan penurunan nilai Allowance for impairment value
piutang usaha 32.341.659 3.947.166 - (4.295.636) 31.993.189 of trade receivable
piutang non-usaha 911.685 - - - 911.685 of other receivable
Akumulasi penyusutan dan Accumulated depreciation
amortisasi aset tetap, and amortization of
properti investasi dan fixed assets, property
aset tak berwujud (190.462.264) (14.345.633) - - (204.807.897) investment & intangible assets
Imbalan kerja karyawan 71.556.534 3.068.500 28.548.116 - 103.173.150 Employee benefits
Subtotal (85.652.386) (7.329.967) 28.548.116 (4.295.636) (68.729.873) Subtotal
Entitas anak (3.427.435) (4.940.189) 7.471 (2.795.478) (11.155.631) Subsidiaries, net
Total (89.079.821) (12.270.156) 28.555.587 (7.091.114) (79.885.504) Total

Dikreditkan
(dibebankan)
ke laba rugi/ Dikreditkan
Credited ke ekuitas/
1 Januari 2018/ (charged) Credited Penyesuaian/ 31 Desember 2018/
January 1, 2018 to profit or loss to equity Adjustment December 31, 2018
Aset pajak tangguhan Deferred tax asset

Entitas anak 50.673.919 16.835.635 211.439 (26.563.281) 41.157.712 Subsidiaries
Aset (liabilitas) pajak

tangguhan Deferred tax asset (liabilities)
Perusahaan: The Company:
piutang usaha 38.024.309 26.723.620 - (32.406.270) 32.341.659 of trade receivable
piutang non-usaha 745.063 1.184.062 - (1.017.440) 911.685 of other receivable
Akumulasi penyusutan dan Accumulated depreciation
amortisasi aset tetap, and amortization of
properti investasi dan fixed assets, property
aset tak berwujud (109.400.823) (157.683.225) - 76.621.784 (190.462.264) investment & intangible assets
Imbalan kerja karyawan 96.048.942 (30.114.516) 22.256.901 (16.634.793) 71.556.534 Employee benefits
Subtotal 25.417.491 (159.890.059) 22.256.901 26.563.281 (85.652.386) Subtotal
Entitas anak 7.771.728 (11.174.512) (24.651) - (3.427.435) Subsidiaries, net
Total 33.189.219 (171.064.570) 22.232.250 26.563.281 (89.079.821) Total
71

g. Surat ketetapan pajak g. Tax assessment letters
Pada tahun 2019, Perusahaan menerima In 2019, the Company received tax assesment
beberapa surat ketetapan pajak kurang bayar letters on underpayment of certain taxes for
atas beberapa jenis pajak untuk tahun pajak fiscal year 2016. In relation to assessment of
2016. Atas ketetapan kurang bayar pajak underpayment, the Company recognized
tersebut, Perusahaan mengakui beban sebesar expenses amounted to Rp60,434,397 in
Rp60.434.397 dalam laporan laba rugi dan consolidated statement of profit or loss and
penghasilan komprehensif lain konsolidasian other comprehensive income for 2019.
tahun 2019.
12. ASET LANCAR LAINNYA 12. OTHER CURRENT ASSETS
Akun ini terutama merupakan uang muka proyek This account mainly represents advance for
dan jaminan. projects and deposits.
13. INVESTASI JANGKA PANJANG 13. LONG-TERM INVESTMENTS


Obligasi: Bonds:
RI0148 15.206.000 15.277.200 15.206.000 13.361.105 RI0148
BEXI04BCN7 10.000.000 10.070.100 - - BEXI04BCN7
Penyertaan saham pada entitas Investments in shares of

asosiasi: associates:
PT Gapura Angkasa 21.504.000 55.511.460 21.504.000 50.829.179 PT Gapura Angkasa
PT Jasa Marga Bali Tol 59.635.000 28.960.425 59.635.000 36.472.028 PT Jasa Marga Bali Tol
Total 106.345.000 109.819.185 96.345.000 100.662.312 Total
a. Penyertaan saham pada entitas asosiasi a. Investment in shares of associates
PT Gapura Angkasa (“Gapura”) PT Gapura Angkasa (“Gapura”)
Gapura bergerak dalam bidang jasa penunjang Gapura is engaged in ground handling of air
pengangkutan udara (ground handling) dan freight and freight transport services.
pengangkutan barang.
Perusahaan memiliki kepemilikan saham di The Company has investment in shares of
Gapura sebanyak 215.040 saham atau sebesar stock in Gapura amounted to 215,040 shares or
7,76% kepemilikan pada tahun 2019 dan 7.76% ownership in 2019 and 10.00%
10,00% kepemilikan pada tahun 2018 dan ownership in 2018 and are recorded using
dicatat dengan menggunakan metode ekuitas equity method due to investee significant
karena adanya pengaruh signifikan di investee influence in accordance with PSAK 15
sesuai PSAK 15 Paragraf 6 dan 16. Rinciannya Paragraphs 6 and 16. The details are as
adalah sebagai berikut: follows:
72

13. INVESTASI JANGKA PANJANG (lanjutan) 13. LONG-TERM INVESTMENTS (continued)
a. Penyertaan saham pada entitas asosiasi a. Investment in shares of associates

PT Gapura Angkasa (“Gapura”) (lanjutan) PT Gapura Angkasa (“Gapura”) (continued)

2019 2018
Biaya perolehan 21.504.000 21.504.000 Carrying value
Akumulasi bagian laba 23.057.297 24.744.424 Cummulative share of profit
Penghasilan komprehensif lain 2.361.285 4.580.755 Other comprehensive income
Selisih transaksi kombinasi bisnis Difference in the value of business
entitas sepengendali 8.588.878 - combination under common control
Total 55.511.460 50.829.179 Total
Pada tanggal 18 November 2019, Gapura On November 18, 2019, Gapura issued new
menerbitkan saham baru yang berjumlah 619,000 shares with a par value of
619.000 lembar saham dengan nilai nominal Rp61,900,000,000 as stated in the Notarial
saham sebesar Rp61.900.000.000 Deed No. 105 of Jimmy Tanal, S.H., M.Kn.,
sebagaimana dinyatakan dalam Akta Notaris dated November 18, 2019. The new shares
Jimmy Tanal, S.H.,M.Kn., No. 105 tanggal 18 issued was all acquired by PT Angkasa Pura II
November 2019. Keseluruhan saham baru (Persero), entity under common control, which
tersebut diambil selurunya oleh PT Angkasa made the Company’s ownership in Gapura
Pura II (Persero), entitas sepengendali, diluted from 10.00% to 7.76%.
sehingga membuat persentase kepemilikan
Perusahaan di Gapura terdilusi dari 10,00%
menjadi 7,76%.
PT Jasa Marga Bali Tol (“JMBT”) PT Jasa Marga Bali Tol (“JMBT”)
JMBT bergerak dalam bidang pengusahaan JMBT is engaged in the operation of Nusa Dua
jalan tol Nusa Dua - Ngurah Rai - Benoa. - Ngurah Rai - Benoa toll road.
Investasi dalam saham pada JMBT merupakan Investments in shares in JMBT is an investment
konsorsium investasi pembangunan jalan tol consortium highway construction Nusa Dua -
Nusa Dua - Ngurah Rai - Benoa di daerah Bali Ngurah Rai - Benoa in Bali by several state-
oleh beberapa Perusahaan BUMN. owned companies.
Perusahaan memiliki 59.635 saham atau The Company has 59,635 shares or
sebesar Rp59.635.000 dan tambahan modal Rp59,635,000 and additional paid-in capital
disetor lainnya sebesar Rp14.908.400 dengan amounting to Rp14,908,400 with ownership of
jumlah kepemilikan sebesar 8%. 8%.
Investasi saham pada JMBT tersebut dicatat Investments in shares in JMBT the Company
pada pembukuan Perusahaan dengan recorded by the equity method due to investee
menggunakan metode ekuitas karena significant influence in accordance with PSAK
pengaruh signifikan di investee sesuai PSAK 15 15, paragraphs 6 and 16. The details are as
paragraph 6 dan 16. Rinciannya adalah sebagai follows:
berikut :
2019 2018
Biaya perolehan 59.635.000 59.635.000 Carrying value
Akumulasi bagian rugi (30.683.192) (23.212.627) Cummulative share of loss
Penghasilan komprehensif lain 8.617 49.655 Other comprehensive income
Total 28.960.425 36.472.028 Total
73

13. INVESTASI JANGKA PANJANG (lanjutan) 13. LONG TERM-INVESTMENTS (continued)
Informasi tambahan pada tanggal 31 Desember Additional information as of December 31, 2019 and
2019 dan untuk tahun yang berakhir pada tanggal for the year then ended related to associate entities
tersebut sehubungan dengan entitas asosiasi are as follows:
adalah sebagai berikut:
Total Aset/ Total Liabilitas/ Total Pendapatan/ Laba (Rugi) Bersih/
Total Assets Total Liabilities Total Revenues Net Income (Loss)
PT Gapura Angkasa 1.361.170.659 652.704.836 1.841.656.160 (19.325.491) PT Gapura Angkasa

PT Jasa Marga Bali Tol 1.890.157.490 1.510.288.801 145.765.993 (79.333.886) PT Jasa Marga Bali Tol
Rincian bagian laba (rugi) entitas asosiasi adalah: Details of the share in profit (loss) of the associate
companies are:
2019 2018
PT Gapura Angkasa (1.687.127) 6.747.571 PT Gapura Angkasa
PT Jasa Marga Bali Tol (7.265.010) (4.195.565) PT Jasa Marga Bali Tol
Total (8.952.137) 2.552.006 Total
14. PROPERTI INVESTASI 14. INVESTMENT PROPERTIES
Properti investasi terdiri dari: Investment properties are consisted of:

Saldo Awal / Penambahan / Pengurangan / Reklasifikasi / Saldo akhir /

Beginning Addition Deduction Reclasification Ending balance
Biaya perolehan Acquisitions cost

Tanah 23.179.060 4.936.470 - - 28.115.530 Lands
Bangunan/lapangan 143.044.788 - - - 143.044.788 Buildings/fields
Total 166.223.848 4.936.470 - - 171.160.318 Total
Akumulasi penyusutan dan Accumulated depreciation and

penurunan nilai impairment value
Bangunan/lapangan 38.351.115 3.921.028 - - 42.272.143 Buildings/fields
Total 38.351.115 3.921.028 - - 42.272.143 Total
Nilai buku 127.872.733 128.888.175 Book value

Saldo Awal / Penambahan / Pengurangan / Reklasifikasi / Saldo akhir /

Beginning Addition Deduction Reclasification Ending balance
Biaya perolehan Acquisitions cost

Tanah 13.994.221 - - 9.184.839 23.179.060 Lands
Bangunan/lapangan 299.589.896 181.292 (156.363.816) 143.044.788 Buildings/fields
Total 313.584.117 - 181.292 (147.178.977) 166.223.848 Total
Akumulasi penyusutan dan Accumulated depreciation and

penurunan nilai impairment value
Bangunan/lapangan 66.547.821 7.930.035 181.292 (35.945.449) 38.351.115 Buildings / fields
Total 66.547.821 7.930.035 181.292 (35.945.449) 38.351.115 Total
Nilai buku 247.036.296 127.872.733 Book value
74

14. PROPERTI INVESTASI (lanjutan) 14. INVESTMENT PROPERTIES (continued)
Pada tahun 2018, properti investasi atas hanggar In 2018, investment properties of hangar and cargo
dan gedung terminal kargo sebesar Rp156.363.816 terminal buildings amounted to Rp156,363,816 are
direklasifikasi ke akun aset tetap (Catatan 15). reclassified to fixed assets (Note 15).
Nilai wajar dari properti investasi pada tanggal The fair value of the investment properties as of
31 Desember 2019 dan 2018 adalah masing-masing December 31, 2019 and 2018 amounted to
sebesar Rp1.269.939.431 dan Rp717.822.549, Rp1,269,939,431 and Rp717,822,549, which were
yang ditentukan berdasarkan Nilai Jual Objek Pajak determined based on Sales Value of Tax Object
(NJOP) atas properti investasi. (NJOP) of the investment properties.
Manajemen berkeyakinan bahwa NJOP telah Management believes that NJOP approximates its
mendekati nilai wajarnya. fair value.
Properti investasi dicatat berdasarkan biaya Investments properties are stated at acqusition cost.
perolehan. Properti investasi tanah tidak disusutkan. Investment property of land is not depreciable.
Beban penyusutan atas properti investasi selama Depreciation expenses of investment properties
tahun 2019 dan 2018 seluruhnya dibebankan during 2019 and 2018, were entirely charged to
kepada “Beban operasional bandara”. “Airport operation expenses”.
Manajemen berkeyakinan bahwa tidak terdapat Management believes that there is no event that
kejadian yang mengindikasikan adanya penurunan indicates a decrease in the value of investment
nilai properti investasi pada tahun 2019 dan 2018. properties in the year 2019 and 2018.
15. ASET TETAP 15. FIXED ASSETS
Akun ini terdiri dari: This account consists of the following:

Saldo Awal/ Penambahan/ Pengurangan/ Reklasifikasi Saldo Akhir/

Beginning Addition Deduction Reclasification Ending Balance
Biaya perolehan/Cost of acquisitions

Pemilikan langsung/Direct acquisitions :
Tanah/Lands 6.250.665.974 - (6.810.215 ) 1.254.174 6.245.109.933
Bangunan (lapangan)/Structure (fields) 6.825.257.730 - (8.356.521) 1.191.554.817 8.008.456.026
Gedung-gedung/Buildings 6.476.956.029 58.651.625 (53.440.068 ) 779.077.838 7.261.245.424
Alat perhubungan udara/Aviation equipment 28.418.419 - (11.780.379 ) - 16.638.040
Kendaraan/Vehicles 497.988.153 67.824.078 (2.877.309 ) 6.965.964 569.900.886
Instalasi/Instalations 1.265.710.342 15.830.594 (19.544.008 ) 166.109.850 1.428.106.778
Peralatan/Equipments 5.472.474.876 329.380.115 (35.720.963 ) 582.802.705 6.348.936.733
Aset dalam konstruksi/Assets under
construction 6.054.579.392 8.713.004.484 (5.807.693 ) (2.742.793.931) 12.018.982.252
Total 32.872.050.915 9.184.690.896 (144.337.156) (15.028.583) 41.897.376.072
Akumulasi penyusutan dan

penurunan nilai/Accumulated
depreciation and impairment value
Bangunan (lapangan)/Structure (fields) 1.881.646.977 321.562.273 (413.453 ) - 2.202.795.797
Gedung-gedung/buildings 1.116.324.259 187.127.431 (9.166.251 ) - 1.294.285.439
Alat perhubungan udara/Aviation Equipment 27.977.374 97.880 (11.780.362 ) - 16.294.892
Kendaraan/Vehicles 304.254.401 57.768.886 (2.243.682 ) - 359.779.605
Instalasi/Instalations 677.756.149 107.721.358 (18.547.237 ) - 766.930.270
Peralatan/Equipments 2.725.307.088 435.480.304 (31.077.415 ) (330.828) 3.129.379.149
Total 6.733.266.248 1.109.758.132 (73.228.400 ) (330.828) 7.769.465.152
Nilai buku/Book value 26.138.784.667 34.127.910.920
75

15. ASET TETAP (lanjutan) 15. FIXED ASSETS (continued)

Saldo Awal/ Penambahan/ Pengurangan/ Reklasifikasi Saldo Akhir/

Beginning Addition Deduction Reclasification Ending Balance
Biaya perolehan/Cost of acquisitions

Tanah/Lands 795.978.770 11.754.949 - 5.442.932.255 6.250.665.974
Bangunan (lapangan)/Structure (fields) 5.324.562.457 885.211 369.798 1.500.179.860 6.825.257.730
Gedung-gedung/Buildings 5.456.264.612 79.223.797 3.318.159 944.785.780 6.476.956.030
Alat perhubungan udara/Aviation equipment 28.441.193 - 22.774 - 28.418.419
Kendaraan/Vehicles 482.998.121 47.214.124 22.819.467 (9.404.625) 497.988.153
Instalasi/Instalations 1.089.651.001 118.114.412 901.503 58.846.431 1.265.710.341
Peralatan/Equipments 4.760.468.424 234.808.266 19.076.500 496.274.686 5.472.474.876
Aset dalam konstruksi/Assets under
construction 6.425.749.706 8.005.083.786 - (8.376.254.100) 6.054.579.392
Total 24.364.114.284 8.497.084.545 46.508.201 57.360.287 32.872.050.915
Akumulasi penyusutan dan

penurunan nilai/Accumulated
depreciation and impairment value
Bangunan (lapangan)/Structure (fields) 1.578.726.542 303.290.233 (369.798 ) - 1.881.646.977
Gedung-gedung/buildings 896.812.473 184.015.305 (448.968 ) 35.945.449 1.116.324.259
Alat perhubungan udara/Aviation Equipment 27.712.481 287.667 (22.774 ) - 27.977.374
Kendaraan/Vehicles 273.428.994 51.627.052 (20.396.365 ) (405.280) 304.254.401
Instalasi/Instalations 576.353.748 102.657.164 (792.290 ) (462.473) 677.756.149
Peralatan/Equipments 2.383.293.994 364.602.848 (22.589.754 ) - 2.725.307.088
Total 5.736.328.232 1.006.480.269 44.619.949 35.077.696 6.733.266.248
Nilai buku/Book value 18.627.786.052 26.138.784.667
Pada tahun 2019, aset tetap berupa peralatan dan In 2019, fixed asset in the form of hotel equipments
perlengkapan hotel sebesar Rp9.413.398 amounting to Rp9,413,398 are reclassified as other
direklasifikasi ke aset tidak lancar lainnya. Pada non-current assets. In 2018, fixed asset in the form
tahun 2018, aset tetap berupa tanah di Manado of land in Manado amounting to Rp9,184,839 is
direklasifikasi ke properti investasi sebesar reclasified as property investment (Note 14).
Rp9.184.839 (Catatan 14).
Pada tahun 2019, aset tetap berupa gedung In 2019, fixed assets in the form of passenger
terminal penumpang, gedung operasional, fasilitas terminal building, operational building, passenger
terminal penumpang dan gedung operasi dan aset terminal facility and operational building and other
lainnya diasuransikan pada PT Asuransi Jasa assets are insured to PT Asuransi Jasa Indonesia
Indonesia (Persero) dengan nilai pertanggungan all (Persero) with an all risk coverage, earthquake,
risk, gempa bumi, marchinery breakdown dan marchinery breakdown and electronic equipment
electronic equipment masing-masing amounting to Rp8,734,622,048, Rp6,599,101,823,
sebesar Rp8.734.622.048, Rp6.599.101.823, Rp392,621,912, and Rp1,256,923,975,
Rp392.621.912, dan Rp 1.256.923.975. respectively.
76

15. ASET TETAP (lanjutan) 15. FIXED ASSETS (continued)
Manajemen berpendapat bahwa nilai The management believes that the insurance
pertanggungan tersebut memadai untuk menutup coverage is adequate to cover possible losses on
kerugian atas aset yang dipertanggungkan. the fixed assets insured.
Beban penyusutan atas aset tetap selama tahun Depreciation expenses of fixed assets during 2019
2019 dan 2018 seluruhnya dibebankan kepada and 2018, were entirely charged to “Airport
“Beban operasional bandara”. operation expenses”.
Beberapa aset tetap milik entitas anak berupa Certain fixed assets owned a subsidiary such as
tanah, gedung, peralatan dan kendaraan digunakan lands, buildings, equipments and vehicles are used
sebagai jaminan atas pinjaman bank dari PT Bank as collateral for loan obtained from PT Bank Negara
Negara Indonesia (Persero) Tbk, PT Bank Syariah Indonesia (Persero) Tbk, PT Bank Syariah Mandiri
Mandiri dan PT Bank Muamalat Indonesia Tbk. and PT Bank Muamalat Indonesia Tbk. (Note 21).
(Catatan 21).
Aset dalam konstruksi merupakan proyek yang Assets under construction represents projects that
masih belum selesai pada tanggal laporan posisi have not been completed at the date of the
keuangan konsolidasian dengan rincian sebagai consolidated statements of financial position with
berikut: the details as follows:
Perkiraan % Nilai Tahun perkiraan

penyelesaian/ tercatat/ penyelesaian/
Estimated % Carrying Estimated years
31 Desember 2019 of completion value of completion December 31, 2019
Landasan, apron 77% 533.383.142 2019-2020 Runways, apron

Lapangan, jalan dan pagar 62% 24.361.297 2019-2020 Field, roads, fences
Bangunan 98% 10.072.431.872 2019-2020 Buildings
Peralatan mekanik 96% 4.209.687 2019 Mechanical equipments
Tanah 74% 1.372.710.354 2019-2020 Land
Sistem pengolahan data Computer assisted data
berbantuan computer 88% 9.904.288 2019 processing system
Aset tetap lain-lain 88% 1.981.612 2019 Other fixed assets
Aset dalam konstruksi 12.018.982.252 Assets under construction
Perkiraan % Nilai Tahun perkiraan

penyelesaian/ tercatat/ penyelesaian/
Estimated % Carrying Estimated years
31 Desember 2018 of completion value of completion December 31, 2018
Landasan, apron 77% 1.203.893.746 2019-2020 Runways, apron

Lapangan, jalan dan pagar 61% 22.511.648 2019-2020 Field, roads, fences
Bangunan 63% 2.131.530.986 2019-2020 Buildings
Peralatan mekanik 71% 25.517.181 2019 Mechanical equipments
Tanah 51% 2.570.354.041 2019-2020 Land
Sistem pengolahan data Computer assisted data
berbantuan computer 81% 26.892.008 2019 processing system
Aset tetap lain-lain 74% 73.879.782 2019 Other fixed assets
Aset dalam konstruksi 6.054.579.392 Assets under construction
Untuk tahun yang berakhir pada tanggal For the years then ended December 31, 2019 and
31 Desember 2019 dan 2018, Perusahaan 2018, the Company capitalized borrowing costs as
mengkapitalisasi biaya bunga pinjaman sebagai part of the acquisition cost of assets under
bagian dari biaya perolehan aset dalam konstruksi construction amounting to Rp286,653,622 and
masing-masing sebesar Rp286.653.622 dan Rp320,056,625, respectively. The Company
Rp320.056.625. Perusahaan mengkapitalisasi capitalized borrowing costs, in accordance with
biaya pinjaman sesuai dengan ketentuan di PSAK PSAK No. 26, “Capitalization of Borrowing Costs”.
No. 26, “Kapitalisasi Biaya Pinjaman”.
77

16. ASET TAKBERWUJUD 16. INTANGIBLE ASSETS
2019 2018
Biaya perolehan Acquisition cost
Perangkat lunak Software
Akumulasi amortisasi dan Accummulation of amortization and

penurunan nilai impartment value
Perangkat lunak Software
Entitas anak 1.891.561 993.859 Subsidiaries

Total aset takberwujud, neto 43.466.476 42.322.384 Total intangible assets, net
Aset takberwujud - perangkat lunak terutama Intangible assets - software mainly represents the
merupakan biaya instalasi, implementasi dan jasa cost of installation, implementation and consultation
konsultasi pendukung perangkat lunak ERP. support service of ERP software.
Beban amortisasi atas aset takberwujud selama Amortization expenses of intangible assets during
tahun 2019 dan 2018 seluruhnya dibebankan 2019 and 2018, were entirely charged to “Airport
kepada “Beban operasional bandara”. operation expenses”.
17. BEBAN AKRUAL 17. ACCRUED EXPENSES
2019 2018
Pegawai 432.869.194 475.027.902 Employees

Pelayanan bandara 352.327.734 445.297.485 Passenger services
Umum 233.257.539 274.799.531 General
Bunga 80.289.872 39.180.139 Interest
Persediaan 66.389.530 12.960.479 Inventories
Pemeliharaan 46.576.249 45.358.322 Maintenance
Utilitas 35.726.758 27.201.707 Utilities
Sewa 28.713.370 44.831.264 Rental
Pajak 20.480.106 20.094.551 Taxes
Lain-lain 25.657.682 27.288.163 Others
Total 1.322.288.034 1.412.039.543 Total
Beban akrual - pegawai mencakup beban manfaat Accrued expenses - employees consist of
pegawai diantaranya beban bonus, beban cuti, employee benefits expenses including bonus
beban kelebihan jam kerja, beban uang makan expenses, leave expenses, overtime expenses,
harian yang akan dibayarkan Perusahaan kepada daily meal allowances which will be paid by the
pegawai. Company to employees.
78

17. BEBAN AKRUAL (lanjutan) 17. ACCRUED EXPENSES (continued)
Beban akrual - pelayanan bandara terutama Accrued expenses - airport services mainly
merupakan biaya konsesi kepada Direktorat represents of concession charge to the Direktorat
Jenderal Perhubungan Udara (DJPU). Pada tanggal Jenderal Perhubungan Udara (DJPU). On
15 Desember 2015, Perusahaan mengadakan December 15, 2015, the Company entered into
Perjanjian dengan DJPU mengenai pemberian Agreement with DJPU regarding the concession
konsesi untuk melakukan kegiatan pelayanan jasa provided to the Company to conduct airport services
kebandarudaraan sebagaimana yang dituangkan as stated in agreement No. HK.201/2/8/DRJU.kum
dalam perjanjian No. HK.201/2/8/DRJU.kum 2015 2015 and SP.333/HK.06.03/2015/DU. Based on that
dan SP.333/HK.06.03/2015/DU. Berdasarkan agreement, the Company is charged with
perjanjian tersebut, Perusahaan dikenakan biaya concession fees (Note 42a).
konsesi (Catatan 42a).
Beban akrual umum terutama merupakan General accrued expenses consist of management
management fee atas kerjasama pengelolaan fee on collaborative tenants management with
tenant dengan PT GVK Services Indonesia (Catatan PT GVK Services Indonesia (Note 42j), x-ray
42j), beban penyediaan x-ray, jaringan providing expense, telecommunication network and
telekomunikasi dan jasa tenaga kerja. outsourcing services.
18. UTANG USAHA 18. TRADE PAYABLES
Rincian utang usaha berdasarkan pemasok adalah The details of trade payables based on vendors are
sebagai berikut: as follows:
2019 2018
Pihak ketiga Third parties

Rupiah 190.321.982 556.668.374 Rupiah
Dolar AS 64.725.318 30.953.784 US Dollar

Pihak berelasi Related parties
Rupiah 59.820.083 101.718.709 Rupiah
Total 314.867.383 689.340.867 Total
Rincian utang usaha berdasarkan umur adalah The details of trade payables based on aging are as
sebagai berikut: follows:
2019 2018
0 - 1 tahun 280.586.625 656.701.808 0 - 1 years

1 - 2 tahun 2.614.732 2.422.398 1 - 2 years
2 - 3 tahun 1.449.365 28.113.356 2 - 3 years
>3 tahun 30.216.661 2.103.305 >3 years
Total 314.867.383 689.340.867 Total
79

19. PENDAPATAN DITERIMA DI MUKA 19. UNEARNED REVENUES
2019 2018
Pendapatan domestik 128.075.183 146.917.375 Domestic revenues

Pendapatan internasional 257.093 345.484 International revenues
Total 128.332.276 147.262.859 Total
Pendapatan diterima di muka terdiri dari penerimaan Unearned revenues consist of cash received from
uang dari pelanggan sehubungan dengan sewa customers in related to land rental income, space rental,
tanah, sewa ruang, tempat reklame dan lainnya, billboards and others, but the services have not yet
akan tetapi jasa tersebut belum diberikan ke delivered to that customers.
pelanggan.
20. UTANG LAIN LAIN 20. OTHER PAYABLES
2019 2018
Perolehan aset tetap 2.889.176.416 3.353.959.490 Acquisition of fixed assets

Jaminan pelanggan 243.728.335 370.562.781 Customer deposit
Imbalan kerja tantiem 75.000.000 100.000.000 Tantiem
Jaminan vendor 22.364.293 30.488.095 Vendor deposit
Titipan debitur 20.032.940 31.186.620 Deposit from debtor
Utang iuran 19.078.496 2.283.336 Contribution
Titipan BMKG dan DJU 12.643.085 13.143.560 BMKG and DJU deposit
Titipan pengelola 7.181.591 23.549.240 Management deposit
Titipan/utang lain lain 3.606.980 308.383 Others
Total 3.292.812.136 3.925.481.505 Total
Utang perolehan aset tetap terutama merupakan Acquisition of fixed asset payable mainly represent
utang kepada kontraktor untuk pembangunan aset payable to contractors who build the Company fixed
tetap Perusahaan. assets.
Jaminan pelanggan merupakan uang jaminan yang Customer deposit represent cash deposit given by
diberikan oleh pelanggan sehubungan dengan sewa customer that consists of deposits for space rental,
ruangan, tanah, listrik, air dan telepon di awal land rental, electrical and water installation at the
perjanjian. beginning of the contract.
Titipan pengelola merupakan utang kepada pihak Management deposit represent payables from third
ketiga atas kerja sama pengelolaan lounge dan jasa parties for cooperation of lounge management and
terkait kargo. cargo related services.
80

21. UTANG BANK 21. BANK LOAN
a. Utang bank jangka pendek a. Short-term bank loans
Utang bank jangka pendek terdiri dari: Short-term bank loans consist of:
2019 2018
Entitas Anak Subsidiaries
Jawa Barat dan Banten Tbk 107.270.000 43.200.000 Jawa Barat dan Banten Tbk
PT Bank Syariah Mandiri 24.309.600 36.000.000 PT Bank Syariah Mandiri
Total 158.010.670 105.631.070 Total
PT Bank Pembangunan Daerah Jawa Barat PT Bank Pembangunan Daerah Jawa Barat
dan Banten Tbk dan Banten Tbk
Pada tanggal 15 Agustus 2018, APP On August 15, 2018, APP obtained loan facility
memperoleh fasilitas pinjaman dari from PT Bank Pembangunan Daerah Jawa
PT Bank Pembangunan Daerah Jawa Barat Barat dan Banten Tbk with maximum loan
dan Banten Tbk dengan fasilitas maksimum facility amounted to Rp43,200,000 and bear
pinjaman sebesar Rp43.200.000 dengan suku interest 9% per anmum. This credit is a
bunga 9% per tahun. Fasilitas ini bersifat revolving facility and secured by trade
revolving dan dijamin dengan piutang usaha receivables APP to the Company with the same
APP kepada Perusahaan sebesar pinjaman amount of loans received. The loan facility is
yang diterima. Fasilitas pinjaman ini digunakan used as working capital for construction project.
untuk modal kerja untuk pengerjaan proyek The loan is withdrawn periodically on August
pekerjaan konstruksi. Penarikan pinjaman ini 31, 2018, October 4, 2018, and December 20,
dilakukan secara berkala pada tanggal 2018 with each withdrawal amounting to
31 Agustus 2018, 4 Oktober 2018, dan Rp15,000,000, Rp15,000,000 and
20 Desember 2018 dengan penarikan masing- Rp13,200,000, respectively, and will mature in
masing sebesar Rp15.000.000, Rp15.000.000 6 months after the loan is withdrawn. APP has
dan Rp13.200.000. dan akan jatuh tempo repaid the outstanding loan on the due date.
dalam 6 bulan setelah dilakukan penarikan
pinjaman. APP telah melunasi pinjaman ini.
APP diwajibkan untuk menyampaikan APP is required to convey in writing once there
pemberitahuan secara tertulis apabila is a dividend distribution to shareholders.
membagikan dividen kepada pemegang
saham.
81

21. UTANG BANK (lanjutan) 21. BANK LOAN (continued)
a. Utang bank jangka pendek (lanjutan) a. Short-term bank loans (continued)
Pada tanggal 19 Agustus 2019, APP On August 19, 2019, APP obtained loan facility
memperoleh fasilitas pinjaman dari from PT Bank Pembangunan Daerah Jawa
PT Bank Pembangunan Daerah Jawa Barat Barat dan Banten Tbk with maximum facility
dan Banten Tbk dengan fasilitas maksimum amounted to Rp130,000,000 and bear interest
sebesar Rp130.000.000 dengan suku bunga 9.25% per annum. This credit is a revolving
9,25% per tahun. Fasilitas ini bersifat revolving facility and secured by trade receivables APP
dan dijamin dengan piutang usaha APP kepada to the Company with the same amount of loans
Perusahaan sebesar pinjaman yang diterima. received. The loan facility is used as working
Fasilitas pinjaman ini digunakan untuk modal capital for construction project. APP has
kerja pekerjaan proyek konstruksi. APP telah withdrawn the loan facility on August 23, 2019
melakukan penarikan fasilitas pinjaman ini amounting to Rp9,200,000 and Rp24,400,000
pada tanggal 23 Agustus 2019 sebesar which due on December 23, 2019 and February
Rp9.200.000 dan Rp24.400.000 yang masing- 23, 2020, respectively. Afterwards, APP has
masing jatuh tempo pada tanggal withdrawn the loan facility amounting to
23 Desember 2019 dan 23 Februari 2020. Rp82,870,000 which will due on August 19,
Selanjutnya pada tanggal 29 Agustus 2019, 2020. On December 23, 2019, APP has repaid
APP melakukan penarikan kembali fasilitas the outstanding loan amounting to
pinjaman sebesar Rp82.870.000 yang akan Rp9,200,000.
jatuh tempo pada tanggal 19 Agustus 2020.
Pada tanggal 23 Desember 2019, APP telah
melunasi pinjaman sebesar Rp9.200.000.
PT Bank Syariah Mandiri PT Bank Syariah Mandiri
Pada tanggal 15 Juli 2014, APS memperoleh On July 15, 2014, APS obtained financing
fasilitas pembiayaan sebesar Rp42.000.000 facility amounted Rp42,000,000 with 12 months
dengan jangka waktu 12 bulan. Fasilitas ini term. This facility is used as working capital and
digunakan sebagai modal kerja dengan agunan secured by machinery/equipment owned by
berupa mesin/peralatan yang dimiliki oleh APS. APS. This facility had been extended several
Fasilitas tersebut telah beberapa kali times, last extension was based on an
diperpanjang, terakhir berdasarkan perjanjian agreement dated October 2, 2018 regarding
tanggal 2 Oktober 2018 tentang addendum addendum of Akad facility financing
fasilitas akad pembiayaan Musyarakah, Musyarakah, where APS deducted the
dimana APS menurunkan fasilitas pembiayaan financing facility to Rp36,000,000 and will
menjadi Rp36.000.000 dan akan jatuh tempo mature on July 31, 2019. APS has repaid the
pada tanggal 31 Juli 2019. APS telah melunasi outstanding loan on July 31, 2019.
pinjaman ini pada tanggal 31 Juli 2019.
Pada tanggal 28 Juni 2019, APS memperoleh On June 28, 2019, APS obtained financing
fasilitas pembiayaan modal kerja sebesar working capital facility amounted Rp11,357,000
Rp11.357.000 dengan jangka waktu 7 bulan with 7 months term with due date on
dan jatuh tempo pada tanggal 29 Januari 2020 January 29, 2020 including 6 months grace
termasuk masa tenggang (grace period) period.
selama 6 bulan.
82

a. Utang bank jangka pendek (lanjutan) a. Short-term bank loans (continued)
Pada tanggal 31 Juli 2019, APS memperoleh On July 31, 2019, APS obtained financing
fasilitas pembiayaan modal kerja sebesar working capital facility amounted Rp9,619,000
Rp9.619.000 dengan jangka waktu 7 bulan dan with 7 months term with due date on
jatuh tempo pada tanggal 28 Februari 2020 February 28, 2020 including 6 months grace
termasuk masa tenggang (grace period) period.
selama 6 bulan.
Pada tanggal 18 September 2019, APS On September 18, 2019, APS obtained
memperoleh fasilitas pembiayaan modal kerja financing working capital facility amounted
sebesar Rp3.333.600 dengan jangka waktu 7 Rp3,333,600 with 7 months term with due date
bulan dan jatuh tempo pada tanggal on April 20, 2020 including 6 months grace
20 April 2020 termasuk masa tenggang (grace period.
period) selama 6 bulan.
Seluruh fasilitas pinjaman yang diperoleh pada All working capital facilities obtained in 2019 are
tahun 2019 dijamin dengan piutang usaha secured by trade receivable amounting to
senilai Rp50.000.000. Rp50,000,000.
PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
Pada tanggal 11 Desember 2014, APS On December 11, 2014, APS obtained short-
memperoleh pinjaman jangka pendek sebesar term bank loan amounted to Rp40,000,000 from
Rp40.000.000 dari PT Bank Negara Indonesia PT Bank Negara Indonesia (Persero) Tbk (BNI)
(Persero) Tbk (BNI) dengan jangka waktu 12 with 12 months term, bearing interest at 11.5%.
bulan dengan tingkat bunga 11,5% per tahun. This facility had been extended several times,
Fasilitas ini telah beberapa kali diperpanjang, last extension was based on letter from BNI
terakhir berdasarkan surat dari BNI tanggal dated February 4, 2020, where the loan will
4 Februari 2020, dimana pinjaman tersebut mature on December 10, 2020, bearing interest
akan jatuh tempo pada tanggal 10 Desember rate at 10.00%.
2020 dengan tingkat suku bunga 10,00% per
tahun.
APS diwajibkan untuk menjaga rasio keuangan APS is required to maintain the debtor's
berupa rasio lancar minimum sebesar 1 kali, financial ratios, minimum current ratio of 1 time,
debt service coverage rasio minimum sebesar debt service coverage minimum 1 time, debt to
1 kali dan debt to equity ratio (DER) maksimal equity ratio (DER) maximum 2.50 times.
sebesar 2,50 kali.
Pada tanggal 31 Desember 2019, APS telah As of December 31, 2019, APS has complied
memenuhi seluruh pembatasan yang diatur with all covenants as required in the loan
dalam perjanjian pinjaman. agreements.
83


b. Utang bank jangka panjang b. Long-term bank loans
Utang bank jangka panjang terdiri dari: Long-term bank loans consist of:
2019 2018

PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
("Mandiri") 5.197.324.424 1.638.960.332 ("Mandiri")
PT Sarana Multi Infrastruktur PT Sarana Multi Infrastruktur
(Persero) ("SMI") 3.349.663.885 1.759.311.762 (Persero) ("SMI")
(Persero) Tbk ("BTN") 3.000.000.000 509.647.877 (Persero) Tbk ("BTN")
PT Bank BRI Syariah Tbk ("BRIS") 1.000.000.000 229.823.939 PT Bank BRI Syariah Tbk ("BRIS")
PT Bank Syariah Mandiri Tbk ("BSM") 1.000.000.000 - PT Bank Syariah Mandiri Tbk ("BSM")
PT Indonesia Infrastructure PT Indonesia Infrastructure
Finance Tbk ("IIF") 499.875.513 499.875.513 Finance Tbk ("IIF")
(Persero) Tbk ("BRI") 454.522.093 594.001.071 (Persero) Tbk ("BRI")
(Persero) Tbk ("BNI") 104.609.234 244.088.212 (Persero) Tbk ("BNI")
Sub-total 14.605.995.149 5.475.708.706 Subtotal

Pihak ketiga Third parties
PT Bank Central Asia Tbk ("BCA") 1.723.427.373 799.800.821 PT Bank Central Asia Tbk ("BCA")
Jawa Timur ("Bank Jatim") 281.270.683 - Jawa Timur ("Bank Jatim")
PT Bank Pembangunan PT Bank Pembangunan
Daerah Khusus Ibu Kota Daerah Khusus Ibu Kota
Jakarta ("Bank DKI") 196.889.477 - Jakarta ("Bank DKI")
PT Bank Papua ("Bank Papua") 140.635.341 - PT Bank Papua ("Bank Papua")
DIY ("Bank DIY") 56.254.137 - DIY ("Bank DIY")
Bali ("Bank Bali") 28.127.068 - Bali ("Bank Bali")
Sub-total 2.426.604.079 799.800.821 Subtotal

Total 17.032.599.228 6.275.509.527 Total

PT Bank Syariah Mandiri ("BSM") 207.932.303 7.650.520 PT Bank Syariah Mandiri ("BSM")
(Persero) Tbk ("BNI") 53.683.996 54.624.681 (Persero) Tbk ("BNI")
Pihak ketiga Third party
PT Bank Muamalat PT Bank Muamalat
Indonesia Tbk ("Muamalat") 14.420.464 - Indonesia Tbk ("Muamalat")

Total 17.308.635.991 6.337.784.728 Total
Biaya pinjaman yang belum
diamortisasi (45.451.947) (9.789.715) Unamortized cost of loans
Total 17.263.184.044 6.327.995.013 Total
Dikurangi : bagian jangka pendek
utang bank jangka panjang (538.975.837) (941.998.089) Less : Current portion long-term bank loans
Bagian jangka panjang 16.724.208.207 5.385.996.924 Long-term portion
84

b. Utang bank jangka panjang (lanjutan) b. Long-term bank loans (continued)
Perjanjian kredit sindikasi 2016 Syndicated credit agreement 2016
Pada tanggal 18 Agustus 2016, Perusahaan On August 18, 2016, the Company signed
menandatangani Perjanjian Kredit Sindikasi Syndicated Credit Agreement with a Bank and
dengan Bank dan Lembaga Keuangan Non- a Non-Bank Financial Institution which Mandiri
Bank dimana Mandiri sebagai agen sindikasi. as an syndicated agent. The details of long-
Rincian utang jangka panjang atas perjanjian term bank loans of syndicated credit agreement
kredit sindikasi pada tanggal 31 Desember as of December 31, 2019, are as follows:
2019 adalah sebagai berikut:
Jumlah sisa Jumlah

fasilitas pinjaman/ pinjaman
Remaining jangka panjang/
Penarikan/ amount of loan Amount of
Plafond/Plafonds Drawdown facilities drawdown
SMI 1.350.000.000 1.349.663.885 336.115 1.349.663.885 SMI

Mandiri 1.000.000.000 999.751.026 248.974 999.751.026 Mandiri
BCA 800.000.000 799.800.821 199.179 799.800.821 BCA
IIF 500.000.000 499.875.513 124.487 499.875.513 IIF
BRI 350.000.000 349.912.859 87.141 349.912.859 BRI
Total 4.000.000.000 3.999.004.104 995.896 3.999.004.104 Total
Pinjaman tersebut digunakan untuk Credit facilities is used for financing and/or
pembiayaan dan atau pembiayaan kembali refinancing airport and/or investment
proyek pengembangan bandara dan/atau development projects.
investasi.
Pinjaman ini dikenakan suku bunga tahunan This loan bears annual interest ranging from
berkisar antara 8,50% sampai dengan 9,25% 8.50% to 9.25% in 2019 and ranging from
pada tahun 2019 dan 8,00% sampai dengan 8.00% to 9.00% in 2018 and represent
9,00% pada tahun 2018 dan merupakan unsecured loans.
pinjaman tanpa jaminan.
Pada tanggal 31 Desember 2019, Perusahaan As of December 31, 2019, the Company has
telah memenuhi seluruh kewajiban yang complied with all covenant in all of its long-term
tercantum dalam seluruh perjanjian utang bank loan agreements.
jangka panjangnya.
Perusahaan tidak dapat memenuhi persyaratan The Company can not meet the current ratio
rasio lancar minimum 1 kali pada tanggal requirement minimum 1 time as of
31 Desember 2018. Namun demikian kondisi ini December 31, 2018. However, this condition
tidak merupakan peristiwa cidera janji yang does not constitute an event of continuing
berkelanjutan yang menyebabkan pinjaman breach of covenant which causes the loan to
menjadi segera jatuh tempo. Disamping itu, become due immediately. In addition, on
Pada tanggal 31 Januari 2019, Perusahaan January 31, 2019, the Company has received
telah menerima surat persetujuan waiver approval latter of not fulfilled the current
pengampunan atas tidak terpenuhinya rasio ratio of minimum 1 time from the syndicated
lancar minimum 1 kali dari agen sindikasi. agent.
85

Perusahaan (lanjutan) The Company (continued)
Perjanjian kredit sindikasi (lanjutan) Syndicated credit agreement (continued)
Perjanjian kredit sindikasi BCA dan Mandiri BCA and Mandiri syndicated credit
2019 agreement 2019
Pada tanggal 23 Desember 2019, Perusahaan On December 23, 2019, the Company signed
menandatangani Perjanjian Kredit Sindikasi Syndicated Credit Agreement which BCA as an
dimana BCA sebagai agen fasilitas. Rincian facility agent. The details of long-term bank
utang jangka panjang atas perjanjian kredit loans of syndicated credit agreement as of
sindikasi pada tanggal 31 Desember 2019 December 31, 2019, are as follows:
adalah sebagai berikut:
Jumlah sisa Jumlah
Mandiri 2.000.000.000 923.626.552 1.076.373.448 923.626.552 Mandiri

BCA 2.000.000.000 923.626.552 1.076.373.448 923.626.552 BCA
Total 4.000.000.000 1.847.253.104 2.152.746.896 1.847.253.104 Total
Fasilitas pinjaman pokok akan dibayar dalam Loan facility is payable in 40 quarterly
40 kali angsuran triwulanan mulai tanggal installments starting on March 23, 2025, while
23 Maret 2025, sedangkan bunga dibayar interest will be paid on monthly basis.
secara bulanan.
Pinjaman tersebut digunakan untuk Credit facilities is used for investment financing
pembiayaan investasi dan belanja modal. and capital expenditure.
Pinjaman ini dikenakan suku bunga tahunan This loan bears annual interest LPS + margin
sebesar LPS + marjin dan merupakan pinjaman and represent unsecured loan.
tanpa jaminan.
Jangka waktu perjanjian kredit sindikasi adalah The Syndicated Loan Agreement is valid for
15 tahun terhitung sejak tanggal 15 years from December 23, 2019 until
23 Desember 2019 sampai dengan tanggal December 23, 2034 including grace period of
23 Desember 2034 termasuk masa tenggang 5 years.
waktu (grace period) selama 5 tahun.
Perusahaan juga diwajibkan untuk The Company is also required to maintain

mempertahankan rasio-rasio keuangan tertentu certain financial ratios during the period of loan
selama periode perjanjian pinjaman sebagai agreement as follows:
berikut:
- Debt Service Coverage Ratio (DSCR) - Minimum Debt Service Coverage Ratio
minimum sebesar 1 kali (DSCR) of 1 time
- Rasio Hutang Terhadap Ekuitas (DER) - Maximum Debt Equity Ratio (DER) of 3
maksimum sebesar 3 kali times
- Rasio Lancar minimum sebesar 1 kali untuk - Minimum Current Ratio of 1 time since 2024
periode 2024 dan setelahnya. and after.
telah memenuhi seluruh kewajiban yang complied with all covenant stated in all of its
tercantum dalam seluruh perjanjian utang bank long-term bank loan agreements.
jangka panjangnya.
86



Perjanjian kredit sindikasi bank Regional development banks syndicated
pembangunan daerah credit agreement
Pada tanggal 23 Desember 2019, Perusahaan On December 23, 2019, the Company signed
menandatangani Perjanjian Kredit Sindikasi Regional Development Banks Syndicated
Bank Pembangunan Daerah dimana Bank DKI Credit Agreement which Bank DKI as an
sebagai agen sindikasi. Rincian utang jangka syndicated agent. The details of long-term bank
panjang atas perjanjian kredit sindikasi pada loans of syndicated credit agreement as of
tanggal 31 Desember 2019 adalah sebagai December 31, 2019, are as follows:
berikut:
Jumlah sisa Jumlah
Bank Jatim 1.000.000.000 281.270.683 718.729.317 281.270.683 Bank Jatim

Bank DKI 700.000.000 196.889.478 503.110.522 196.889.478 Bank DKI
Bank Papua 500.000.000 140.635.341 359.364.659 140.635.341 Bank Papua
Bank DIY 200.000.000 56.254.137 143.745.863 56.254.137 Bank DIY
Bank Bali 100.000.000 28.127.068 71.872.932 28.127.068 Bank Bali
Total 2.500.000.000 703.176.707 1.796.823.293 703.176.707 Total
40 kali angsuran triwulanan mulai tanggal installments starting on March 23, 2025, while
23 Maret 2025, sedangkan bunga dibayar interest will be paid on monthly basis.
secara bulanan.
Pinjaman tersebut digunakan untuk Credit facilities is used for routine investment
pembiayaan investasi rutin, pengembangan financing, development of existing and new
bandara existing maupun bandara baru yang airport managed by the Company in 2019 -
dikelola Perusahaan tahun 2019 - 2022. 2022.
Pinjaman ini dikenakan suku bunga tahunan This loan bears interest at annual rate of LPS
sebesar LPS + marjin dan merupakan pinjaman + margin and represent unsecured loans.
tanpa jaminan.
Jangka waktu perjanjian kredit sindikasi adalah The Syndicated Loan Agreement is valid for
15 tahun terhitung sejak tanggal 15 years from December 23, 2019 until
23 Desember 2019 sampai dengan tanggal December 23, 2034 with grace period and
23 Desember 2034 dengan masa grace period drawdown period of 5 years and 3 years,
dan masa penarikan kredit masing-masing respectively from the signing date of loan
selama 5 tahun dan 3 tahun sejak agreeement.
ditandatanganinya perjanjian kredit.
87

Perjanjian kredit sindikasi bank Regional development banks syndicated

pembangunan daerah credit agreement

berikut:
minimum sebesar 1 kali. (DSCR) of 1 time.
maksimum sebesar 3 kali. times.
jangka panjangnya.
Pinjaman bilateral Bilateral loan
Mandiri, BRI dan BNI Mandiri, BRI and BNI
Pada tanggal 26 Juli 2013, Perusahaan On July 26, 2013, the Company has obtained
memperoleh fasilitas kredit dari Bank Mandiri credit facilities from Bank Mandiri amounting
sebesar Rp4.400.000.000. to Rp4,400,000,000.
Jumlah sisa
fasilitas pinjaman/ Jumlah pinjaman
Plafond/ Penarikan/ amount of loan Outstanding
Plafonds Drawdown facilities long-term loan
Mandiri 2.400.000.000 1.643.681.073 756.318.927 - Mandiri

BRI 1.000.000.000 684.867.114 315.132.886 - BRI
BNI 1.000.000.000 684.867.114 315.132.886 - BNI
Total 4.400.000.000 3.013.415.301 1.386.584.699 - Total
Pada tanggal 18 September 2013, Mandiri, On September 18, 2013, Mandiri, BNI, BRI and
BNI, BRI dan Perusahaan sepakat untuk the Company agreed to transfer Mandiri
mengalihkan sebagian porsi pembiayaan financing portion to BNI and BRI amounting to
Mandiri kepada BNI dan BRI masing-masing Rp1,000,000,000, respectively.
senilai Rp1.000.000.000.
Pinjaman tersebut digunakan untuk Credit facilities is used for financing and/or
pembiayaan dan/atau pembiayaan kembali refinancing airport and/or investment
proyek pengembangan bandara dan/atau development projects.
investasi.
berkisar antara 8,70% sampai dengan 9,45% 8.70% to 9.45% in 2019 and ranging from
pada tahun 2019 dan 8,20% sampai dengan 8.20% to 9.20% in 2018 and represent
9,20% pada tahun 2018 dan merupakan unsecured loan.
pinjaman tanpa jaminan.
88



Pinjaman bilateral (lanjutan) Bilateral loan (continued)
Mandiri, BRI dan BNI (lanjutan) Mandiri, BRI and BNI (continued)
Jangka waktu perjanjian kredit adalah 7 tahun The loan credit agreement is valid for 7 years
terhitung sejak tanggal 26 Juli 2013 sampai from July 26, 2013 until July 25, 2020 with grace
dengan tanggal 25 Juli 2020 dengan masa period and drawdown period of 2 years and
grace period dan masa penarikan kredit 2 years 6 months, respectively.
masing-masing selama 2 tahun dan 2 tahun
6 bulan.
mempertahankan rasio-rasio keuangan certain financial ratios during the period of loan
tertentu selama periode perjanjian pinjaman agreement as follows:
sebagai berikut:
- Rasio Lancar minimum sebesar 1 kali - Minimum Current Ratio of 1 times
Pada tanggal 31 Desember 2019 dan 2018 As of December 31, 2019 and 2018, principal
pembayaran pokok utang bank jangka panjang payments of long-term bank loans amounted to
masing-masing sebesar Rp644.220.417 dan Rp644,220,417 and Rp644,220,417,
Rp644.220.417. respectively.
Berdasarkan perjanjian, jika Perusahaan tidak Based on the credit agreement, if the Company
dapat memenuhi persyaratan yang ditetapkan, cannot fulfill such covenants, lender may
maka pemberi pinjaman dapat sewaktu-waktu request the Company to repay all outstanding
meminta pembayaran penuh atas seluruh saldo loan balances at any times. As of
pinjaman. Pada tanggal 31 Desember 2019, December 31, 2019, the Company has
Perusahaan telah memenuhi seluruh kewajiban complied with all covenant stated in all of its
yang tercantum dalam seluruh perjanjian utang long-term bank loan agreements.
bank jangka panjangnya.
Pada tanggal 31 Desember 2018, Perusahaan As of December 31, 2018, the Company were
tidak dapat memenuhi persyaratan keuangan unable to fulfill the financial covenant ratio to
untuk menjaga current ratio minimum maintain current ratio minimum 1 time. As of
sebesar 1 kali. Pada tanggal December 31, 2018, the Company received
31 Desember 2018, Perusahaan menerima approval letter from BNI and BRI to waive the
surat persetujuan untuk melepas persyaratan related convenant, and did not receive an
tersebut dari BNI dan BRI dan tidak approval letter from Mandiri to waive such
memperoleh surat persetujuan dari Mandiri covenant on that date. In relation with the
untuk melepaskan persyaratan tersebut pada Company’s inability to fulfill such covenants,
tanggal tersebut. Sehubungan dengan tidak Mandiri loan amounting to Rp273,946,846 are
terpenuhinya persyaratan yang ditetapkan classified as current portion of long-term loans.
tersebut, pinjaman Mandiri sebesar
Rp273.946.846 diklasifikasikan sebagai bagian
jangka pendek pinjaman jangka panjang.
Pada tanggal 15 Januari 2019, Mandiri On January 15, 2019, Mandiri agreed to waive
menyetujui untuk melepaskan persyaratan the related covenant and subsequently in 2019,
tersebut sehingga setelah periode laporan, the loan is classified as a long-term loan.
pinjaman tersebut pada tahun 2019
diklasifikasikan kembali sebagai pinjaman
jangka panjang.
89

SMI SMI
Pada tanggal 18 Desember 2018, Perusahaan On December 18, 2018, the Company obtained
memperoleh fasilitas pinjaman berjangka dari a term loan facility from SMI with maximum
SMI dengan jumlah maksimum fasilitas credit facility limit of Rp2,000,000,000.
pinjaman sebesar Rp2.000.000.000.
Jumlah sisa
SMI 2.000.000.000 2.000.000.000 - 2.000.000.000 SMI
Total 2.000.000.000 2.000.000.000 - 2.000.000.000 Total
Hasil penerimaan dari pinjaman ini digunakan The proceeds of the loan from this facility were
untuk membiayai pengembangan dan investasi used to finance development and routine
rutin bandar udara yang dikelola oleh investment of airports which are managed by
Perusahaan. the Company.
berkisar antara 8,25% sampai dengan 9,00% 8.25% to 9.00% in 2019 and represent
pada tahun 2019 dan merupakan pinjaman unsecured loan.
tanpa jaminan.
Jangka waktu kredit adalah 10 tahun sejak The loan period is 10 years started on the date
tanggal perjanjian kredit dengan opsi of agreement with option to extend for 5 years
perpanjangan selama 5 tahun dengan masa with grace period and drawdown period of
grace period dan masa penarikan kredit 5 years and 3 years, respectively from the
masing-masing selama 5 tahun dan 3 tahun signing date of loan agreement.
sejak ditandatanganinya perjanjian kredit.

mempertahankan rasio-rasio keuangan certain financial ratios during the period of loan
tertentu selama periode perjanjian pinjaman agreement as follows:
sebagai berikut:
- Rasio Lancar minimum sebesar 1 kali. - Minimum Current Ratio of 1 times
jangka panjangnya.
90


SMI (lanjutan) SMI (continued)
Perusahaan tidak dapat memenuhi persyaratan The Company were unable to meet the current
rasio lancar minimum 1 kali pada tanggal 31 ratio requirement minimum 1 time as of
Desember 2018. Namun demikian kondisi ini December 31, 2018. However, this condition
tidak merupakan peristiwa cidera janji yang does not constitute to a breach of continuing
berkelanjutan yang menyebabkan pinjaman covenant which causes the loan to become due
menjadi segera jatuh tempo. Disamping itu, immediately. In addition, on January 24, 2019,
pada tanggal 24 Januari 2019, Perusahaan the Company has received waiver approval
telah menerima surat persetujuan pembebasan letter of not fulfilled the current ratio of minimum
atas tidak terpenuhinya rasio lancar minimum 1 1 time from SMI.
kali dari SMI.
BTN BTN
Pada tanggal 18 Desember 2018, Perusahaan Based on a loan agreement dated

memperoleh fasilitas pinjaman dari BTN jumlah December 18, 2018, the Company obtained a
maksimum fasilitas pinjaman sebesar term loan facility from BTN with maximum credit
Rp2.000.000.000. facility limit of Rp2,000,000,000.
Jumlah sisa
BTN 2.000.000.000 2.000.000.000 - 2.000.000.000 BTN
Total 2.000.000.000 2.000.000.000 - 2.000.000.000 Total
Pada tanggal 18 Desember 2018, Perusahaan Based on a loan agreement dated

memperoleh fasilitas pinjaman dari BTN jumlah December 18, 2018, the Company obtained a
maksimum fasilitas pinjaman sebesar term loan facility from BTN with maximum credit
Rp2.000.000.000. Hasil penerimaan dari facility limit of Rp2,000,000,000. The proceeds
pinjaman ini digunakan untuk membiayai of the loan from this facility were used to finance
aktivitas usaha, pengembangan bandara dan the Company’s business operation, airport
investasi rutin Perusahaan. Pinjaman ini development and routine investment. This loan
dikenakan suku bunga tahunan berkisar antara bears annual interest ranging from 8.25% to
8,25% sampai dengan 9,00% pada tahun 2019 9.00% in 2019 and represent unsecured loan.
dan merupakan pinjaman tanpa jaminan.
Jangka waktu perjanjian kredit adalah The loan credit agreement is valid for 15 years
15 tahun terhitung sejak 18 Desember 2018 from December 18, 2018 until December 17,
sampai 17 Desember 2033 dengan masa grace 2033 with grace period and drawdown period of
period dan masa penarikan kredit masing- 5 years and 3 years, respectively from the
masing selama 5 tahun dan 3 tahun sejak signing date of loan agreeement.
berikut:
91


BTN (lanjutan) BTN (continued)
- Rasio Lancar minimum sebesar 1 kali - Minimum Current Ratio of 1 time
jangka panjangnya.
Berdasarkan perjanjian, jika Perusahaan tidak Based on credit agreement, if the Company
meminta pembayaran penuh atas seluruh saldo loan balances at any times. As of December 31,
pinjaman. Pada tanggal 31 Desember 2018, 2018, the Company was unable to fulfill the
Perusahaan tidak dapat memenuhi persyaratan financial covenants ratio to maintain current
keuangan untuk menjaga current ratio minimum ratio minimum 1 time. As of December 31, 2018,
sebesar 1 kali. Pada tanggal the Company receive approval from BTN to
31 Desember 2018, Perusahaan telah waive such convenant.
mendapat persetujuan dari BTN untuk melepas
persyaratan tersebut.
BRIS BRIS
Pada tanggal 18 Desember 2018, Perusahaan On December 18, 2018, the Company obtained
memperoleh fasilitas plafon pembiayaan dari a term plafond loan facility from BRIS with
BRIS dengan jumlah maksimum fasilitas maximum credit facility limit of Rp1,000,000,000.
pinjaman sebesar Rp1.000.000.000.
Jumlah sisa
BRIS 1.000.000.000 1.000.000.000 - 1.000.000.000 BRIS
Total 1.000.000.000 1.000.000.000 - 1.000.000.000 Total
untuk membiayai investasi rutin, used to finance routine investment, development
pengembangan dan pembangunan bandar and construction of new airports and other airport
udara baru serta bandara lainnya sesuai according to Work Plan and Company Budget
Rencana Kerja dan Anggaran Perusahaan (RKAP) which is managed by the Company.
(RKAP) yang dikelola oleh Perusahaan.
tanpa jaminan.
92


BRIS (lanjutan) BRIS (continued)
berikut:
- Rasio Hutang Terhadap Ekuitas (DER) - Maximum Debt Equity Ratio (DER) of 3 times
maksimum sebesar 3 kali - Minimum Current Ratio of 1 time
- Rasio Lancar minimum sebesar 1 kali
jangka panjangnya.
Berdasarkan perjanjian, jika Perusahaan tidak Based on the credit agreement, if the Company
meminta pembayaran penuh atas seluruh saldo loan balances at any times. As of December 31,
pinjaman. Pada tanggal 31 Desember 2018, 2018, the Company was unable to fulfill the
Perusahaan tidak dapat memenuhi persyaratan financial covenants ratio to maintain current
keuangan untuk menjaga current ratio minimum ratio minimum 1 time. As of December 31, 2018,
sebesar 1 kali. Pada tanggal 31 Desember the Company receive approval from BRIS to
2018, Perusahaan telah mendapat persetujuan waive such convenant.
dari BRIS untuk melepas persyaratan tersebut.
BTN 2019 BTN 2019
Pada tanggal 26 Juli 2019, Perusahaan On July 26, 2019, the Company obtained a term
memperoleh fasilitas pinjaman dari BTN dengan loan facility from BTN with maximum credit
maksimum fasilitas sebesar Rp1.000.000.000. facility limit of Rp1,000,000,000.
Jumlah sisa
BTN 1.000.000.000 1.000.000.000 - 1.000.000.000 BTN
Total 1.000.000.000 1.000.000.000 - 1.000.000.000 Total
40 kali angsuran triwulanan mulai tanggal installments starting on September 7, 2024,
7 September 2024, sedangkan bunga dibayar while interest will be paid on monthly basis.
secara bulanan.
93


BTN 2019 (lanjutan) BTN 2019 (continued)
untuk membiayai aktivitas usaha, used to finance the Company’s business
pengembangan bandara, refinancing dan operation, airport development, refinancing and
investasi rutin Perusahaan. Pinjaman ini routine investment. This loan bears annual
dikenakan suku bunga tahunan berkisar antara interest ranging from 8.25% to 8.75% in 2019
8,25% sampai dengan 8,75% pada tahun 2019 and represent unsecured loan.
15 tahun terhitung sejak 26 Juli 2019 sampai 26 from July 26, 2019 until July 26, 2034 with grace
Juli 2034 dengan masa grace period dan masa period and drawdown period of 5 years and 3
penarikan kredit masing-masing selama 5 years, respectively from the signing date of loan
tahun dan 3 tahun sejak ditandatanganinya agreeement.
perjanjian kredit.

berikut:
- Rasio Hutang Terhadap Ekuitas (DER) - Maximum Debt Equity Ratio (DER) of 3 times
maksimum sebesar 3 kali
- Rasio Lancar minimum sebesar 1 kali - Minimum Current Ratio of 1 time (total current
(jumlah kewajiban jangka pendek tidak liabilities are not include accrual liabilities to
termasuk akrual kewajiban kepada contractors which not invoiced yet).
kontraktor yang belum diterbitkan
tagihannya)
jangka panjangnya.
Mandiri Mandiri
Pada tanggal 26 September 2019, Perusahaan Based on a loan agreement dated September
memperoleh fasilitas pinjaman dari Mandiri 26, 2019, the Company obtained a term loan
dengan jumlah maksimum fasilitas pinjaman facility from Mandiri with maximum credit facility
sebesar Rp3.000.000.000. limit of Rp3,000,000,000.
Jumlah sisa
Mandiri 3.000.000.000 3.000.000.000 - 3.000.000.000 Mandiri
Total 3.000.000.000 3.000.000.000 - 3.000.000.000 Total
94


Mandiri (lanjutan) Mandiri (continued)
40 kali angsuran triwulanan mulai tanggal installments starting on December 23, 2024,
23 Desember 2024, sedangkan bunga dibayar while interest will be paid on monthly basis.
secara bulanan.
untuk membiayai belanja modal atas dasar used to capital expenditure to 2019 and 2020
Rencana Kerja dan Anggaran Perusahaan Work Plan and Company Budget (RKAP). This
(RKAP) tahun 2019 dan 2020. Pinjaman ini loan bears annual interest ranging from 8.25% to
dikenakan suku bunga tahunan berkisar antara 8.50% in 2019 and represent unsecured loan.
8,25% sampai dengan 8,50% pada tahun 2019
15 tahun terhitung sejak 26 September 2019 from September 26, 2019 until
sampai 25 September 2034 dengan masa September 25, 2034 with grace period and
grace period dan masa penarikan kredit drawdown period of 5 years and 3 years,
masing-masing selama 5 tahun dan 3 tahun respectively from the signing date of loan
sejak ditandatanganinya perjanjian kredit. agreeement.

berikut:
- Rasio Lancar minimum sebesar 1 kali untuk - Minimum Current Ratio of 1 time for period
periode 2024 dan setelahnya. 2024 and after.
jangka panjangnya.
BSM BSM
Pada tanggal 2 September 2019, Perusahaan On September 2, 2019, the Company obtained
memperoleh fasilitas pembiayaan Musyarakah a Musyarakah financing facility from BSM with
dari BSM dengan jumlah maksimum fasilitas maximum limit facility of Rp1,000,000,000.
sebesar Rp1.000.000.000.
Jumlah sisa
BSM 1.000.000.000 1.000.000.000 - 1.000.000.000 BSM
Total 1.000.000.000 1.000.000.000 - 1.000.000.000 Total
95


BSM (lanjutan) BSM (continued)
Fasilitas pembiayaan pokok akan dibayar Financing facility is payable in 40 quarterly
dalam 40 kali angsuran triwulanan mulai dari installments starting on March 23, 2025, while
tanggal 23 Maret 2025, sedangkan bagi hasil profit sharings will be paid on monthly basis.
dibayar secara bulanan.
Hasil penerimaan dari fasilitas ini digunakan The proceeds of the this facility were used for
untuk membiayai belanja modal atas dasar capital expenditure in 2019 and 2020 Work
Rencana Kerja dan Anggaran Perusahaan Plan and Company Budget (RKAP). This
(RKAP) tahun 2019 dan 2020. Fasilitas ini facility represents unsecured facility.
merupakan fasilitas tanpa jaminan.
tanpa jaminan.
Jangka waktu perjanjian kredit adalah 15 tahun The loan credit agreement is valid for 15 years
terhitung sejak 26 September 2019 sampai from September 26, 2019 until September 25,
25 September 2034 dengan masa grace period 2034 with grace period and drawdown period
dan masa penarikan kredit masing-masing of 5 years and 3 years, respectively from the
selama 5 tahun dan 3 tahun sejak signing date of loan agreeement.
mempertahankan rasio-rasio keuangan tertentu certain financial ratios during the period of
selama periode perjanjian fasilitas pembiayaan financing facilty agreement as follows:
sebagai berikut:
- Rasio Lancar minimum sebesar 1 kali untuk - Minimum Current Ratio of 1 time for period
periode 2024 dan setelahnya. 2024 and after.
telah memenuhi seluruh kewajiban yang complied with all covenant stated in the
tercantum dalam seluruh perjanjian fasilitas financing facility agreement.
pembiayaan.
Entitas Anak Subsidiaries
BNI BNI
Pada tanggal 11 Desember 2014, APS On December 11, 2014, APS obtained Credit
memperoleh fasilitas Kredit Term Loan dengan Term Loan’s facility with maximum of
pinjaman maksimum sebesar Rp100.000.000 Rp100,000,000 which used to financing rental
yang digunakan sebagai pembiayaan kontrak equipments projects. The ceiling of the loan
penyewaan peralatan. Plafon fasilitas pinjaman facility has increased to Rp185,000,000 on
ini mengalami kenaikan menjadi October 23, 2018 in accordance with the
Rp185.000.000 pada tanggal 23 Oktober 2018 approval letter from BNI No.BIN/2.1/263/R.
sesuai dengan surat persetujuan dari BNI No. Withdrawal of this loan facility has been made
BIN/2.1/263/R. Penarikan fasilitas pinjaman ini several times by APS, which are as follows:
telah dilakukan beberapa kali oleh APS, antara
lain sebagai berikut:
96

Entitas Anak (lanjutan) Subsidiaries (continued)
BNI (lanjutan) BNI (continued)

- Pada tanggal 4 Mei 2016, APS menarik - On May 4, 2016, APS withdraws loan from
pinjaman dari BNI sebesar Rp3.915.000. BNI with amount of Rp3,915,000. This loan
Pinjaman bersifat aflopend dan dijamin is an aflopend and secured by some vehicles
dengan beberapa aset kendaraan yang assets owned by APS. The term of this loan
dimiliki oleh APS. Jangka waktu pinjaman is 33 months and will be due on
ini adalah 33 bulan. Pinjaman jatuh tempo January 16, 2019 and bear interest at rates
pada tanggal 16 Januari 2019 dengan suku ranging 9.75%-10.50% per annum. As of
bunga berkisar 9,75%-10,50% per tahun. December 31, 2018, the outstanding
Pada tanggal 31 Desember 2018, saldo balances of this loan facility amounted to
pinjaman fasilitas ini adalah sebesar Rp186,429 and has fully repaid on January
Rp186.429 dan telah dilunasi seluruhnya 16, 2019.
pada tanggal 16 Januari 2019.
- Pada tanggal 26 Oktober 2016, APS - On October 26, 2016, APS obtained loan
memperoleh pinjaman dari BNI sebesar from BNI with amount of Rp40,785,000. This
Rp40.785.000. Pinjaman bersifat aflopend loan is an aflopend and secured by some
dan dijamin dengan beberapa aset equipments assets owned by APS. The term
peralatan yang dimiliki oleh APS. Jangka of this loan is 58 months. This loan will be
waktu pinjaman ini adalah 58 bulan. due on August 16, 2021 and bear interest at
Pinjaman jatuh tempo pada tanggal 16 rates ranging 9.75%-10.50% per annum. As
Agustus 2021 dengan suku bunga berkisar of December 31, 2019 and 2018, the
9,75%-10,50% per tahun. Pada tanggal outstanding balances of this loan facility
31 Desember 2019 dan 2018, saldo amounted to Rp17,732,826 and
pinjaman fasilitas ini masing-masing Rp28,372,522, respectively.
sebesar Rp17.732.826 dan Rp28.372.522.
- Pada tanggal 29 Desember 2016, APS - On December 29, 2016, APS obtained loan
dan dijamin dengan beberapa aset vehicles assets owned by APS. The term of
kendaraan yang dimiliki oleh APS. Jangka this loan is 35 months. This loan will be due
waktu pinjaman ini adalah 35 bulan. on November 16, 2019 and bear interest at
Pinjaman jatuh tempo pada tanggal rates ranging 9.75%-10.50% per annum. As
16 November 2019 dengan suku bunga of December 31, 2018, the outstanding
berkisar 9,75%-10,50% per tahun. Pada balances of this loan facility amounted to
tanggal 31 Desember 2018, saldo pinjaman Rp1,626,059 and has fully repaid on
fasilitas ini adalah sebesar Rp1.626.059 November 16, 2019.
dan telah dilunasi seluruhnya pada tanggal
16 November 2019.
- Pada tanggal 7 Februari 2017, APS - On February 7, 2017, APS obtained loan
dan dijamin dengan beberapa aset equipments assets owned by APS. The term
peralatan yang dimiliki oleh APS. Jangka of this loan is 32 months. This loan will be
waktu pinjaman ini adalah 32 bulan. due on September 16, 2019 and bear
Pinjaman jatuh tempo pada tanggal interest at rates ranging 9.75%-10.50% per
16 September 2019 dengan suku bunga annum. As of December 31, 2018, the
berkisar 9,75%-10,50% per tahun. Pada outstanding balances of this loan facility
tanggal 31 Desember 2018, saldo pinjaman amounted to Rp1.824.387 and has fully
fasilitas ini adalah sebesar Rp1.824.387 repaid on September 16, 2019.
dan telah dilunasi seluruhnya pada
16 September 2019.
97

- Pada tanggal 4 Juni 2018, APS - On June 4, 2018, APS obtained loan from
memperoleh pinjaman dari BNI sebesar BNI with amount of Rp5,134,000 with bear
Rp5.134.000. dengan suku bunga 9,75% interest 9.75% per annum. This loan is an
per tahun. Pinjaman bersifat aflopend dan aflopend and secured by some vehicles
dijamin dengan beberapa aset kendaraan assets owned by APS. The term of this loan
yang dimiliki oleh APS. Jangka waktu is 30 months. This loan will be due on
pinjaman ini adalah 30 bulan. Pinjaman November 16, 2022. As of December 31,
jatuh akan tempo pada tanggal 2019 and 2018, the outstanding balances of
16 November 2022. Pada tanggal this loan facility amounted to Rp1,881,800
31 Desember 2019 dan 2018, saldo and Rp3,936,200, respectively.
pinjaman fasilitas ini adalah sebesar
Rp1.881.800 dan Rp3.936.200.
Rp9.600.000 dengan suku bunga 9,75% interest 9.75% per annum. This loan is an
per tahun. Pinjaman bersifat aflopend dan aflopend and secured by some equipments
dijamin dengan beberapa aset peralatan assets owned by APS. The term of this loan
pinjaman ini adalah 54 bulan. Pinjaman November 16, 2022. As of
jatuh akan tempo pada tanggal December 31, 2019 and 2018, the
16 November 2022. Pada tanggal outstanding balances of this loan facility
31 Desember 2019 dan 2018, saldo amounted to Rp6,222,222 and Rp8,355,555,
pinjaman fasilitas ini adalah masing-masing respectively.
sebesar Rp6.222.222 dan Rp8.355.555.
Rp13.000.000 dengan suku bunga 9,75% interest 9.75% per annum. This loan is an
per tahun. Pinjaman bersifat aflopend dan aflopend and secured by some vehicles
dijamin dengan beberapa aset kendaraan assets owned by APS. The term of this loan
pinjaman ini adalah 34 bulan. Pinjaman March 16, 2021. As of December 31, 2019
jatuh akan tempo pada tanggal and 2018, the outstanding balances of this
16 Maret 2021. Pada tanggal 31 Desember loan facility amounted to Rp5,735,294 and
2019 dan 2018, saldo pinjaman fasilitas ini Rp10,323,529, respectively .
adalah masing-masing sebesar
Rp5.735.294 dan Rp10.323.529.
- Pada 6 Desember 2019, APS memperoleh - On December 6, 2019, APS obtained loan
pinjaman dari BNI sebesar Rp29.431.000 from BNI with amount of Rp29,431,000 with
dengan suku bunga 10% per tahun. bear interest 10% per annum. This loan is an
Pinjaman bersifat aflopend dan dijamin aflopend and secured by some equipments
dengan beberapa peralatan yang dimiliki assets owned by APS. The term of this loan
oleh APS. Jangka waktu pinjaman ini is 57 months and will be due on
adalah 57 bulan dan akan jatuh tempo pada August 31, 2023. As of December 31, 2019,
tanggal 31 Agustus 2023. Pada tanggal 31 the outstanding balances of this loan facility
Desember 2019, saldo pinjaman fasilitas ini amounted to Rp22,111,923.
adalah sebesar Rp22.111.923.
98


APS diwajibkan oleh BNI untuk menjaga rasio APS is required by BNI to maintain the financial
keuangan yaitu rasio lancar minimum sebesar 1 ratios, minimum current ratio of 1 time, debt
kali, debt service coverage minimum sebesar 1 service coverage at least 1 time, debt to equity
kali, debt to equity ratio (DER) maksimal 2,50 ratio (DER) maximum 2.50 times.
kali.
memenuhi semua persyaratan pinjaman di with all of the above loan covenants.
atas.
BSM BSM
APS memperoleh beberapa fasilitas APS obtained several Murabahah financing
pembiayaan Murabahah dari BSM sebagai facilities from BSM as follows:
berikut:
- Pada 7 November 2014, APS memperoleh - On November 7, 2014, APS obtained
fasilitas pembiayaan dengan skema financing facility of the Murabahah scheme
Murabahah sebesar Rp3.575.200 dengan amounted to Rp3,575,200 with margin at
marjin sebesar 13% efektif single price per 13% effective single price per annum and a
tahun dengan jangka waktu 10 tahun. period of 10 years. Loan’s collateral is 1 unit
Agunan atas pinjaman ini adalah 1 unit ruko shop house in Denpasar. Financing facility
di Denpasar. Fasilitas pembiayaan akan will be due on November 20, 2024. As of
jatuh akan tempo pada tanggal December 31, 2019 and 2018, the
20 November 2024. Pada tanggal outstanding balances of these loan facilities
31 Desember 2019 dan 2018, saldo amounted to Rp2,318,160 and Rp2,634,652,
pinjaman fasilitas ini masing-masing respectively.
sebesar Rp2.318.160 dan Rp2.634.652.
- Pada tanggal 28 Oktober 2015, APS - On October 28, 2015, APS obtained
memperoleh pembiayaan Murabahah financing facility of the Murabahah scheme
dengan jumlah keseluruhan sebesar totaling of Rp3,650,000 with margin 12%
Rp3.650.000 dengan marjin 12% efektif effective per annum and 10 year term.
per tahun dengan jangka waktu 10 tahun. Loan’s collateral of this loan are 2 unit shop
Agunan atas pinjaman ini adalah 2 unit ruko houses in Denpasar and Makassar.
yang terdapat di Denpasar dan Makassar. Financing facility will be due on November
Fasilitas pembiayaan akan jatuh akan 16 and 20, 2025. As of December 31, 2019
tempo pada tanggal 16 dan and 2018, the outstanding balances of these
20 November 2025. Pada tanggal loan facilities amounted to Rp2,653,006 and
31 Desember 2019 dan 2018, saldo Rp2,943,802, respectively.
pinjaman fasilitas ini masing-masing
sebesar Rp2.653.006 dan Rp2.943.802.
- Pada tanggal 22 Agustus 2016 dari BSM, - On August 22, 2016, APS obtained
APS memperoleh pembiayaan Murabahah Murabahah financing amounting to
sebesar Rp1.800.000 dengan marjin Rp1,800,000 with bear margin of 11.50% per
sebesar 11,50% per tahun dengan jangka annum and a period of 10 years. Loan’s
waktu 10 tahun. Agunan atas pinjaman ini collateral of this loan are 1 unit shop house
adalah 1 unit ruko milik APS yang terdapat owned by APS in Balikpapan. Financing
di Balikpapan. Fasilitas pembiayaan akan facility will be due on August 20, 2026. As of
jatuh akan tempo pada tanggal 20 Agustus December 31, 2019 and 2018, the
2026. Pada tanggal 31 Desember 2019 dan outstanding balances of these loan facilities
2018, saldo pinjaman fasilitas ini masing- amounted to Rp1,409,079 and Rp1,542,636,
masing sebesar Rp1.409.479 dan respectively.
Rp1.542.636.
99


- Pada tanggal 7 Agustus 2017, APS - On August 7, 2017, APS obtained

memperoleh fasilitas pembiayaan Murabahah financing facility amounting to
Murabahah sebesar Rp573.600 dengan Rp573,600 with margin at 11.50% per
marjin sebesar 11,50% per tahun dengan annum and a period of 10 years. Loan’s
jangka waktu 10 tahun. Agunan atas collateral of this loan are land owned by APS
pinjaman ini berupa sebidang tanah yang in Banjarbaru, Kalimantan Selatan. As of
dimiliki APS di Banjarbaru, Kalimantan December 31, 2019 and 2018, the
Selatan. Pada tanggal 31 Desember 2019 outstanding balances of these loan facilities
dan 2018, saldo pinjaman fasilitas ini amounted to Rp491,587 and Rp529,430,
masing-masing sebesar Rp491.587 dan respectively.
Rp529.430.
APS memperoleh beberapa fasilitas APS obtained several Musyarakah

Pembiayaan Investasi dengan skim Mutanaqishah financing investment facilities
Musyarakah Mutanaqishah dari BSM sebagai from BSM as follows:
berikut:
- Pada tanggal 31 Mei 2019, APS - On May 31, 2019, APS obtained facility
memperoleh fasilitas sebesar amounting to Rp112,512,000 with profit
Rp112.512.000 dengan nisbah bagi hasil sharing ratio at 11.14% per annum. The term
11,14% per tahun. Jangka waktu of this financing is 60 months with due date
pembiayaan ini adalah 60 bulan dan jatuh on May 20, 2024 including 9 months grace
tempo pada tanggal 20 Mei 2024 termasuk period.
masa tenggang waktu (grace period)
selama 9 bulan.
- Pada tanggal 31 Mei 2019, APS - On May 31, 2019, APS obtained facility
Rp15.949.000 dengan nisbah bagi hasil sharing ratio at 14.20%. The term of this
14,20% per tahun. Jangka waktu financing is 60 months with due date on May
pembiayaan ini adalah 60 bulan dan jatuh 20, 2024 including 9 months grace period.
tempo pada tanggal 20 Mei 2024 termasuk
selama 9 bulan.
- Pada tanggal 28 Juni 2019, APS - On June 28, 2019, APS obtained facility
memperoleh fasilitas sebesar Rp7.762.000 amounting to Rp7,762,000 and Rp807,000
dan Rp807.000 dengan nisbah bagi hasil with profit sharing ratio at 12.06% per
12,06% per tahun. Jangka waktu annum. The term of this financing is 36
pembiayaan ini adalah 36 bulan dan jatuh months with due date on June 28, 2022
tempo pada tanggal 28 Juni 2022 termasuk including 9 months grace period.
selama 9 bulan.
- Pada tanggal 31 Juli 2019, APS - On July 31, 2019, APS obtained facility
memperoleh fasilitas sebesar Rp2.109.000 amounting to Rp2,109,000 with profit
dengan nisbah bagi hasil 10,93% per sharing ratio at 10.93% per annum. The term
tahun. Jangka waktu pembiayaan ini of this financing is 58 months with due date
adalah 58 bulan dan jatuh tempo pada on May 20, 2024 including 7 months grace
tanggal 20 Mei 2024 termasuk masa period.
tenggang waktu (grace period) selama 7
bulan.
100


adalah 60 bulan dan jatuh tempo pada on July 20, 2024 including 9 months grace
tanggal 20 Juli 2024 termasuk masa period.
bulan.
dengan nisbah bagi hasil 12.16% per sharing ratio 12.16% per annum. The term of
tahun. Jangka waktu pembiayaan ini this financing is 34 months term with due
adalah 34 bulan dan jatuh tempo pada date on May 20, 2022 including 9 months
tanggal 20 Mei 2022 termasuk masa grace period.
bulan.
- Pada tanggal 19 September 2019, APS - On September 19, 2019, APS obtained
memperoleh fasilitas sebesar facility amounting to Rp27,807,000 with
Rp27.807.000 dengan nisbah bagi hasil profit sharing ratio at 14.08% per annum.
14,08% per tahun. Jangka waktu The term of this financing is 58 months with
pembiayaan ini adalah 58 bulan dan jatuh due date on July 20, 2024 including 7
tempo pada tanggal 20 Juli 2024 termasuk months grace period.
selama 7 bulan.
- Pada tanggal 31 Oktober 2019, APS - On October 31, 2019, APS obtained facility
Rp23.551.000 dengan nisbah bagi hasil sharing ratio 14.22% per annum`. The term
14,22% per tahun. Jangka waktu 57 bulan of this financing is 57 months with due date
dan jatuh tempo pada tanggal 20 Juli 2024 on July 20, 2024 with grace period of 9
termasuk masa tenggang waktu (grace months.
period) selama 9 bulan.
- Pada tanggal 31 Oktober 2019, APS - On October 31, 2019, APS obtained facility
adalah 60 bulan dan jatuh tempo pada on October 20, 2024 with grace period of 9
tanggal 20 Oktober 2024 termasuk masa months.
bulan.
Seluruh fasilitas pembiayaan ini dijamin dengan This facility is secured by all objected financing
seluruh obyek investasi yang dibiayai bank dan investment and account receivables APS to the
piutang usaha APS kepada Bank sebesar Bank amounted Rp50,000,000.
Rp50.000.000.
APS diwajibkan oleh BSM untuk menjaga rasio APS is required by BSM to maintain the
keuangan yaitu rasio lancar minimum sebesar 1 financial ratios, minimum current ratio of 1 time,
kali, debt service coverage minimum sebesar 1 debt service coverage at least 1 time, debt to
kali, debt to equity ratio (DER) maksimal 3 kali. equity ratio (DER) maximum 3 times.
101


memenuhi semua persyaratan pinjaman di with all of the above loan covenants.
atas.
Muamalat Muamalat
Pada tanggal 1 Agustus 2019, APP On August 1, 2019, APP obtained Musyarakah
memperoleh fasilitas Pembiayaan Musyarakah financing facility from Muamalat with amount of
dari Muamalat sebesar Rp15.500.000 dengan Rp15,500,000 with bear interest 9,50% per
suku bunga 9,50% per tahun. Pinjaman ini annum. This facility is a revolving and secured
bersifat revolving dan dijamin dengan aset by assets (Aviobridges) owned by APP. The
garbarata yang dimiliki oleh APP. Jangka waktu term of this facility is 48 months and will be due
pembiayaan selama 48 bulan dan akan jatuh on
tempo pada tanggal 1 Agustus 2023. Pada August 1, 2023. As of December 31, 2019, the
tanggal 31 Desember 2019, saldo pinjaman outstanding balances of these financing facility
fasilitas ini sebesar Rp14.420.000. amounted to Rp14,420,000.
APP diwajibkan untuk menyampaikan APP is required to made written-notice once
pemberitahuan secara tertulis apabila there are any dividend distributed to
membagikan dividen kepada pemegang shareholders.
saham.
22. UTANG OBLIGASI DAN SUKUK IJARAH 22. BONDS PAYABLE AND SUKUK IJARAH
2019 2018
Utang obligasi 2.500.000.000 2.500.000.000 Bonds payable
Utang sukuk ijarah 500.000.000 500.000.000 Sukuk ijarah payable
Biaya pinjaman yang belum diamortisasi (5.103.677) (6.299.172) Unamortized cost of loans
Total 2.994.896.323 2.993.700.828 Total
Mutasi biaya pinjaman yang belum

diamortisasi: The movements in the unamortized:
Biaya amortisasi tahun berjalan Current year amortized cost
Obligasi (963.570) (993.943) Bonds
Sukuk ijarah (231.925) (231.925) Sukuk ijarah
Saldo akhir 5.103.677 6.299.172 Ending balance
Pada tanggal 10 November 2016, Perusahaan On November 10, 2016, the Company has obtained
telah mendapatkan pernyataan efektif dari Otoritas an effective statement from Otoritas Jasa Keuangan
Jasa Keuangan (OJK) atas penerbitan Obligasi I (OJK) on the issuance of Bonds I Angkasa Pura I
Angkasa Pura I Tahun 2016 dengan rincian Year 2016 with detail as follows:
sebagai berikut:
Obligasi/Bonds
Bunga per Tahun/ Jangka Waktu /
Nominal Interest per Annum Periods
Seri A 622.000.000 8,10 % 5 tahun/years Seri A

Seri B 389.000.000 8,40 % 7 tahun/years Seri B
Seri C 1.489.000.000 8,55 % 10 tahun/years Seri C
Total 2.500.000.000 Total
102

22. UTANG OBLIGASI DAN SUKUK IJARAH 22. BONDS PAYABLE AND SUKUK IJARAH
Sukuk Ijarah/Sukuk ijarah
Imbalan per Tahun/ Jangka Waktu/
Nominal Benefit per Annum Periods
Seri A 268.000.000 21.708.000 5 tahun/years Seri A

Seri B 55.000.000 4.620.000 7 tahun/years Seri B
Seri C 177.000.000 15.133.500 10 tahun/years Seri C
Total 500.000.000 41.461.500 Total
Berdasarkan perjanjian dengan PT Bank Mega Tbk Based on the agreement with PT Bank Mega Tbk as
selaku Wali Amanat utang obligasi dan utang Trustee for bonds payable and sukuk ijarah, 75% of
sukuk ijarah, 75% dana yang diperoleh akan fund received will be used for the development of 5
digunakan untuk pengembangan 5 (lima) bandara (five) airports there are the new airport in
yaitu bandara baru Yogyakarta, Ahmad Yani- Yogyakarta, Ahmad Yani-Semarang, Banjarmasin
Semarang, Syamsudin Noor Banjarmasin, Juanda Syamsudin Noor, Juanda Surabaya and Makassar
Surabaya dan Sultan Hasanudin Makasar. Sultan Hasanuddin.
Obligasi dan sukuk ijarah ini tidak dijamin dengan Bonds and sukuk ijarah are not secured by specific
jaminan khusus, tetapi baik langsung maupun tidak collateral, but either directly or indirectly secured by
langsung dijamin dengan seluruh harta kekayaan all assets of the Company wealth, goods moveable
Perusahaan, baik barang bergerak maupun barang or immovable, either existing or that will exist in the
tidak bergerak, baik yang telah ada maupun yang future.
akan ada di kemudian hari.
Perusahaan juga diwajibkan untuk The Company is also required to maintain certain
mempertahankan rasio-rasio keuangan tertentu financial ratios during the bonds payable ratio as
selama periode utang obligasi sebagai berikut: follows:
a) Perbandingan aset lancar terhadap kewajiban a) Ratio of current assets to current liabilities not
lancar tidak kurang dari 1 kali. less than 1 time.
b) Perbandingan total pinjaman terhadap total b) Ratio of total debt to total equity not more than
ekuitas tidak lebih dari 3 kali. 3 times.
c) Perbandingan penghasilan sebelum beban c) Ratio of earnings before income tax,
pajak penghasilan, penyusutan dan amortisasi depreciation and amortization to interest
terhadap beban bunga pinjaman tidak kurang expenses not less than 1 time.
dari 1 kali.
telah memenuhi semua kewajiban dalam complied with all covenant required by its
perjanjiannya dengan Wali Amanat dan tidak ada agreement with the Trustee and there is no cross
peristiwa gagal silang sehubungan dengan utang default incurred in relation with other long-term
jangka panjang lainnya. loans.
Perusahaan tidak dapat memenuhi persyaratan The Company were unable to meet the ratio of
aset lancar terhadap kewajiban lancar tidak kurang current assets to current liabilities not less than 1
dari 1 kali pada tanggal 31 Desember 2018. Namun time as of December 31, 2018. However, this
demikian kondisi ini tidak menyebabkan kewajiban condition does not constitute an event of continuing
menjadi segera jatuh tempo. Berdasarkan breach of covenant which causes the loan to
perjanjian perwaliamanatan, Perusahaan diberikan become due immediately. Based on a trustee
kesempatan untuk memperbaiki rasio lancar dalam agreement, the Company is given the opportunity to
kurun waktu paling lama 90 hari setelah diterima improve the current ratio within a maximum period
teguran tertulis dari Wali Amanat, dan Perusahaan of 90 days after receipt of a written warning from the
memiliki keyakinan untuk dapat memperbaiki rasio Trustee, and the Company is reasonably certain in
lancar selama periode tersebut. improving the the current ratio during such period.
103

23. UTANG JANGKA PANJANG LAINNYA 23. OTHER LONG-TERM LIABILITIES
2019 2018
Utang jangka panjang lainnya: Other long-term liabilities:

Jaminan pelanggan 284.446.771 58.686.328 Customer deposit
Pendapatan diterima di muka 100.971.111 106.042.529 Unearned revenue
Jaminan usaha pemasok 2.571.343 3.746.528 Vendor deposit
Lainnya 982.236 2.053.469 Others
Total 388.971.461 170.528.854 Total
Utang jaminan pelanggan terutama merupakan Customer deposit mainly represents deposit
jaminan yang diterima Perusahaan dari para received from the tenant on the airport support
penyewa atas fasilitas pendukung bandara. Utang facilities. Customer deposit will be paid back to the
jaminan tersebut akan dibayar kembali kepada tenant when the lease relationship and the use of
penyewa apabila hubungan sewa menyewa dan the facility expires.
pemakaian fasilitas berakhir.
Utang jangka panjang lainnya - pendapatan diterima Other long-term liabilities - unearned revenue
di muka merupakan pendapatan yang diterima di represent unearned revenue of the Company from
muka Perusahaan dari PT Duta Paramindo PT Duta Paramindo Sejahtera (DPS) due to
Sejahtera (DPS) atas penyerahan penggunaan handover of land with use management rights of
tanah dengan hak pengelolaan seluas 129.216 m² 129,216m2 owned by the Company located on Jalan
milik Perusahaan yang terletak di Jalan Pramukasari, Rawasari Village, Cempaka Putih
Pramukasari, Kelurahan Rawasari, Kecamatan District - Central Jakarta. The land will be used for
Cempaka Putih - Jakarta Pusat. Tanah tersebut the construction of simple flats belonging (rusunami)
akan digunakan untuk pembangunan rumah susun based on the agreement between the Company and
sederhana milik (rusunami) berdasarkan perjanjian DPS on October 21, 2009 with term of the
antara Perusahaan dan DPS tanggal 21 Oktober agreement is 30 years and can be extended for an
2009 dengan jangka waktu perjanjian 30 tahun dan additional period of 20 years. For the handover of
dapat diperpanjang untuk jangka waktu tambahan land with use management rights, the Company
selama 20 tahun. Atas penyerahan penggunaan received compensation from DPS amounting to
tanah dengan hak pengelolaan tersebut, Rp173,407,872 (including VAT).
Perusahaan menerima uang penggantian dari DPS
sebesar Rp173.407.872 (termasuk PPN).
24. LIABILITAS IMBALAN KERJA KARYAWAN 24. EMPLOYEE BENEFITS LIABILITIES

Perusahaan menunjuk PT Milliman Indonesia dan The Company has appointed PT Milliman Indonesia
PT Katsir Imam Sapto Sejahtera Aktuaria (KIS), and Katsir Imam Sapto Sejahtera Aktuaria (KIS),
semuanya aktuaris independen, untuk melakukan independent actuarists, to conduct the actuarial
perhitungan aktuarial liabilitas imbalan kerja calculation of employee benefits liabilities consist of
karyawan yang terdiri dari program tunjangan hari retirement allowance, housing allowance, employee
tua, tunjangan perumahan, penghargaan appreciation, retiree health and pension fund for
pengabdian, kesehatan pensiun dan dana pensiun period 2019 and 2018, respectively.
masing-masing untuk tahun 2019 dan 2018.
104

24. LIABILITAS IMBALAN KERJA KARYAWAN 24. EMPLOYEE BENEFITS LIABILITIES (continued)
(lanjutan)
Liabilitas imbalan kerja karyawan pada tanggal The employee benefits liabilities as of December 31,
31 Desember 2019 dan 2018 dihitung dengan 2019 and 2018 were calculated using the projected-
menggunakan metode projected-unit-credit oleh unit-credit method by the independent actuarists,
aktuaris independen tersebut di atas, masing- based on its reports dated January 17, 2020 and
masing berdasarkan laporannya pada tanggal January 7, 2019, respectively.
17 Januari 2020 dan 7 Januari 2019.
2019 2018

Tunjangan hari tua 79.846.505 - Retirement allowance
Tunjangan perumahan 22.513.726 20.713.486 Housing allowance
Penghargaan pengabdian 22.482.051 12.667.287 Employee appreciation
Kesehatan pensiun 58.181.220 - Retirement health
Dana pensiun 229.669.098 252.845.361 Pension fund

Total 437.293.206 302.394.975 Total
a. Tunjangan hari tua a. Retirement allowance

Tunjangan hari tua diberikan kepada karyawan Retirement allowance are given to employees
yang diberhentikan dan janda/duda dari who are dismissed and to widows/widowers of
karyawan yang meninggal dunia. Program employees who die. Retirement allowance is
tunjangan hari tua ini dikelola oleh Yayasan managed by the Angkasa Pura I Employee
Kesejahteraan Karyawan Angkasa Pura I Welfare Foundation (YAKKAP I).
(YAKKAP I).
Asumsi aktuaria yang digunakan dalam The actuarial assumptions used to determine
menentukan beban dan liabilitas tunjangan retirement allowance expenses and liabilities
hari tua adalah sebagai berikut: are as follows:
2019 2018
Tingkat diskonto 7,60% 8,60% Discount rate
Tingkat kenaikan Penghasilan Dasar Basic Income Retirement
Tunjangan Hari Tua (PhDTHT) 3,00% 3,00% Allowance (PhdDTHT)increase
Tingkat mortalita TMI III 2011 TMI III 2011 Mortality rate
Tingkat cacat 1% 1% Disability rate
Umur pensiun 56 tahun/56 years 56 tahun/56 years Retirement age
Tingkat mengundurkan diri 0,7% pada usia 20 tahun sampai dengan 45 tahun Resignation rate
dan sebesar 0,1% pada usia 46 tahun sampai dengan 55 tahun/
0,7% at 20 years until 45 years old
and 0,1% at 46 years until 55 years
Nilai kini liabilitas dan nilai wajar aset program The present value of liabilities and fair value of
pada tanggal 31 Desember 2019 dan 2018 plan assets as of December 31, 2019 and 2018
adalah: are as follows:
2019 2018
Nilai kini liabilitas 566.958.296 463.299.359 Present value of liabilities
Nilai wajar aset program (487.111.791) (518.347.376) Fair value of plan assets
Defisit (surplus) 79.846.505 (55.048.017) Deficit (surplus)
Dampak batas aset - 55.048.017 Effect of asset ceiling
Liabilitas yang diakui 79.846.505 - Recognized liabilities
105

(lanjutan)
a. Tunjangan hari tua (lanjutan) a. Retirement allowance (continued)
Rekonsiliasi saldo awal dan akhir dari nilai kini The reconciliation of beginning and ending
liabilitas adalah sebagai berikut: balance of present value of liabilities is as
follows:
2019 2018
Nilai kini liabilitas awal tahun 463.299.359 523.984.744 Present value of liabilities beginning of year
Biaya jasa kini 36.089.958 35.946.947 Current service cost
Biaya bunga 36.562.391 35.672.734 Interest cost
Iuran peserta program 6.205.562 6.076.574 Plan participant’s contributions
Pembayaran imbalan (76.310.534) (57.060.202) Benefits paid
Kerugian (keuntungan) aktuarial 101.111.560 (81.321.438) Actuarial loss (gain)
Nilai kini liabilitas akhir tahun 566.958.296 463.299.359 Present value of liabilities end of year
Rekonsiliasi saldo awal dan akhir dari nilai The reconciliation of beginning and ending
wajar aset program adalah sebagai berikut: balance of fair value of plan assets is as follows:
2019 2018
Nilai wajar aset program awal tahun 518.347.376 323.327.475 Fair value of plan assets beginning of year
Iuran pemberi kerja 46.657.343 206.583.073 Employer’s contributions
Imbal hasil aset program 43.569.626 32.090.176 Return on plan assets
Pembayaran imbalan (76.310.534) (57.060.202) Benefit paid
Kerugian (keuntungan) aktuarial (51.357.580) 7.330.280 Actuarial loss (gain)
Nilai wajar aset program akhir tahun 487.111.793 518.347.376 Fair value of plan assets end of year
Rincian beban yang diakui dalam laporan laba The details of expenses recognized in the
rugi dan penghasilan komprehensif lain consolidated statements of profit or loss and
konsolidasian adalah sebagai berikut: other comprehensive income are as follows:

31 Desember/
Year ended December 31
2019 2018
Ekspektasi hasil program (43.569.625) (32.090.176) Expectations plan assets
Total 29.082.725 39.529.505 Total
106

(lanjutan)
a. Tunjangan hari tua (lanjutan) a. Retirement allowance (continued)
Rekonsiliasi saldo pengukuran kembali pada The reconciliation of re-measurement in the

laporan posisi keuangan konsolidasian adalah consolidated statements of financial position
2019 2018
Jumlah pengukuran kembali Re-measurement
awal tahun (106.044.999) (72.441.298) amount beginning of year
Dampak batas aset (55.048.017) 55.048.017 Effect of asset ceiling
Akumulasi jumlah Accumulated amount of
pengukuran kembali (59.981.456) (106.044.999) re-measurements
Mutasi liabilitas yang diakui di laporan posisi The movements of the liabilities in the
keuangan konsolidasian adalah sebagai consolidated statement of financial position are
berikut: as follows:
2019 2018
Liabilitas awal tahun - 200.657.269 Liabilities beginning of year
Beban yang diakui dalam laba rugi 29.082.725 39.529.505 Expense recognized in profit or loss
Beban (penghasilan) yang
diakui dalam penghasilan Expense (income) recognized in
komprehensif lain 152.469.141 (88.651.718) the other comprehensive income
Pembayaran (46.657.343) (206.583.073) Contribution
Liabilitas akhir tahun 79.846.506 - Liabilities end of year
Nilai kini liabilitas akhir setelah efek analisa The present values of liabilities after the effect
sensitivitas pada tanggal 31 Desember 2019 of sensitivity analysis on December 31, 2019
Analisis sensitivitas Sensitivity analysis

Nilai kini kewajiban imbalan pasti PV defined benefits obligations
Asumsi Tingkat Diskonto Discount Rate Assumptions
+ 1,00% (42.169.145) + 1.00%
- 1,00% 49.076.978 - 1.00%
Asumsi Tingkat Kenaikan Gaji Salary Increment Assumptions
+ 1,00% 56.915.588 + 1.00%
- 1,00% (49.383.653) -1.00%
Komposisi pengelolaan dana atas aset The composition of management of planned

ditempatkan adalah pada deposito berjangka, asset are on time deposits, loan receivables,
piutang pinjaman, reksadana, obligasi dan aset mutual funds, bonds and other assets.
lainnya.
107

(lanjutan)
b. Tunjangan perumahan b. Housing allowance
Sesuai ketentuan Perusahaan, karyawan yang Based on the Company’s provisions,

telah bekerja secara terus menerus di employees who have worked continuously for
Perusahaan selama 20 tahun diberikan 20 years are given a housing allowance.
tunjangan perumahan.
menentukan beban dan liabilitas tunjangan housing allowance expenses and liabilities are
perumahan adalah sebagai berikut: as follows:
2019 2018
Nilai kini liabilitas pada tanggal 31 Desember The present value of liabilities as of December
2019 dan 2018 adalah: 31, 2019 and 2018 are as follows:
2019 2018
Liabilitas yang diakui 22.513.726 20.713.486 Recognized liabilities
follows:
2019 2018
Biaya bunga 1.796.335 644.114 Interest cost
Pembayaran imbalan (131.904) (8.266.850) Benefits paid
Dampak perubahan manfaat - 7.902.310 The impact of change of benefit
Kerugian aktuarial (2.134.142) 4.784.244 Actuarial loss
108

(lanjutan)
b. Tunjangan perumahan (lanjutan) b. Housing allowance (continued)
31 Desember/
2019 2018
Total 4.066.286 11.116.633 Total

2019 2018
Jumlah pengukuran Re-measurement amount

kembali awal tahun (2.261.180) (7.045.424) beginning of year
pengukuran kembali (4.395.322) (2.261.180) re-measurements
2019 2018
Liabilitas awal tahun 20.713.486 13.079.459 Liabilities beginning of year
Beban yang diakui dalam Expense recognized in
penghasilan komprehensif lain (2.134.142) 4.784.244 the other comprehensive income
Pembayaran (131.904) (8.266.850) Contribution
Liabilitas akhir tahun 22.513.726 20.713.486 Liabilities end of year

+ 1,00% (689.465) + 1.00%
- 1,00% 740.534 - 1.00%
109

(lanjutan)
c. Penghargaan pengabdian c. Employee appreciation
Penghargaan pengabdian diberikan kepada Employee appreciation are given to employees

pegawai yang mengabdi terus menerus selama who serve continuously for at least 25 years in
sekurang-kurangnya 25 tahun di Perusahaan the Company including the service period
termasuk masa kerja pada masa penugasan di during outside assignments that are recognized
luar Perusahaan yang diakui sebagai bagian as part of the career pattern and employees
dari pola karir serta pegawai yang mengakhiri who end their term of service and are honorably
masa tugas dan diberhentikan dengan hormat terminated because they reach the normal
karena mencapai batas usia pensiun normal retirement age or die.
atau meninggal dunia.
menentukan beban dan liabilitas penghargaan employee appreciation expenses and liabilities
pengabdian adalah sebagai berikut: are as follows:
2019 2018
Tingkat kenaikan gaji 8,00% 8,00% Salary increase rate
Nilai kini liabilitas pada tanggal The present value of liabilities as of

31 Desember 2019 dan 2018 adalah: December 31, 2019 and 2018 are as follows:
2019 2018
follows:
2019 2018
Biaya jasa kini 1.696.740 987.418 Current service cost
Pembayaran imbalan (1.829.096) (953.187) Benefits paid
110

(lanjutan)
c. Penghargaan pengabdian (lanjutan) c. Employee appreciation (continued)

31 Desember/
2019 2018
Biaya jasa kini 1.696.740 987.418 Current service cost
Total 2.719.228 1.889.419 Total

2019 2018
Jumlah pengukuran kembali Re-measurement amount
awal tahun (224.571) 1.048.757 beginning of year

pengukuran kembali 8.700.061 (224.571) re-measurements
2019 2018

Pembayaran (1.829.096) (953.187) Contribution

+ 1,00% (1.512.593) + 1.00%
- 1,00% 1.733.399 - 1.00%
+ 1,00% 2.026.613 + 1.00%
- 1,00% (1.804.818) -1.00%
111

(lanjutan)
c. Penghargaan pengabdian (lanjutan) c. Employee appreciation (continued)
Kesehatan pensiun diberikan kepada pegawai Pension health is given to employees in

pada masa pensiun meliputi pegawai yang retirement including the employee concerned
bersangkutan bersama istri/suami dan anak with his/her wife/husband and legitimate
yang sah yang tercantum dalam Surat children listed in the Pension Decree. The
Keputusan Pensiun. Manfaat yang diterima benefits received by participants were in the
peserta berupa premi BPJS dan bantuan form of BPJS premiums and assistance in
penggantian rawat inap dalam jumlah tertentu. hospitalization reimbursement at certain
Program kesehatan pensiun ini dikelola oleh amount. This pension health program is
Yayasan Kesejahteraan karyawan Angkasa managed by the Angkasa Pura I Employee
Pura I (YAKKAP I). Welfare Foundation (YAKKAP I).
d. Kesehatan pensiun d. Pension health
menentukan beban dan liabilitas kesehatan pension health expenses and liabilities are as
pensiun adalah sebagai berikut: follows:
2019 2018
2019 2018
Nilai wajar aset program (378.983.479) (364.643.470) Fair value of plan assets
Defisit (surplus) 58.181.220 (20.854.837) Deficit (surplus)

Dampak batas aset - 20.854.837 Effect of asset ceiling
Liabilitas yang diakui 58.181.220 - Recognized liabilities
112

(lanjutan)
d. Kesehatan pensiun (lanjutan) d. Pension health (continued)
follows:
2019 2018
Biaya jasa kini (107.026) 3.469.420 Current service cost
2019 2018
Nilai wajar aset program awal tahun 364.643.470 288.721.125 Fair value of plan assets beginning of year
Iuran pemberi kerja - 47.965.936 Employer’s contributions
Kerugian (keuntungan) aktuarial (15.865.928) 3.441.258 Actuarial loss (gain)
Nilai wajar aset program Fair value of plan assets
akhir tahun 378.983.479 364.643.470 end of year

31 Desember/
2019 2018
Biaya jasa kini (107.026) 3.469.420 Current service cost
Total (2.052.555) 48.801.936 Total
113

(lanjutan)
d. Kesehatan pensiun (lanjutan) d. Pension health (continued)

2019 2018
Jumlah pengukuran Re-measurement amount
kembali awal tahun (33.760.758) 15.040.981 beginning of year

pengukuran kembali 10.607.090 (33.760.758) re-measurements
2019 2018
Liabilitas awal tahun - 47.965.739 Liabilities beginning of year
Beban yang diakui dalam laba rugi (2.052.555) 48.801.936 Expense recognized in profit or loss
Iuran pemberi kerja (47.965.936) Employer’s contributions
Liabilitas akhir tahun 58.181.220 - Liabilities end of year

+ 1,00% (80.019.159) + 1.00%
- 1,00% 89.738.229 - 1.00%

ditempatkan adalah pada deposito berjangka, asset are on time deposits, receivable loans,
piutang pinjaman, reksadana, obligasi, properti mutual funds, bonds, property and stocks.
dan saham.
114

(lanjutan)
e. Program dana pensiun e. Pension fund program
Program dana pensiun ini dikelola oleh Dana The pension fund program is managed by Dana
Pensiun Angkasa Pura I. Pensiun Angkasa Pura I.
menentukan beban dan liabilitas dana pensiun pension fund expenses and liabilities are as
adalah sebagai berikut: follows:
2019 2018
Tingkat kenaikan Penghasilan Dasar Basic Income Pension Allowance (PhDP)
Pensiun (PhDP) 6,00% 6,00% increase
2019 2018
Nilai kini liabilitas 1.265.543.259 1.307.819.972 Present value of liabilities
Nilai wajar aset program (1.035.874.161) (1.054.974.611) Fair value of plan assets
follows:
2019 2018
Nilai kini liabilitas awal tahun 1.307.819.972 1.242.689.703 Present value of liabilities beginning of year
Dampak perubahan manfaat - The impact of change of benefit
Nilai kini liabilitas akhir tahun 1.265.543.259 1.307.819.972 Present value of liabilities end of year
115

(lanjutan)
e. Program dana pensiun (lanjutan) e. Pension fund program (continued)
2019 2018
Nilai wajar aset program awal tahun 1.054.974.611 977.143.078 Fair value of plan assets beginning of year
Iuran pemberi kerja 14.314.294 184.797.458 Employer’s contributions
Kerugian aktuarial (19.602.236) (87.007.895) Actuarial loss
Nilai wajar aset program Fair value of plan assets

akhir tahun 1.035.874.162 1.054.974.611 end of year
31 Desember/
2019 2018
Total 32.466.322 4.174.069 Total

2019 2018
Jumlah pengukuran kembali Re-measurement amount
awal tahun 392.982.007 225.059.882 beginning of year
(Keuntungan)/kerugian aktuarial (60.930.528) 167.922.125 Actuarial (gain)/loss

pengukuran kembali 332.051.479 392.982.007 re-measurements
116

(lanjutan)
e. Program dana pensiun (lanjutan) e. Pension fund program (continued)
2019 2018

Beban yang diakui dalam Expense recognized in
penghasilan komprehensif lain (41.328.292) 167.922.125 the other comprehensive income
Iuran pemberi kerja (14.314.293) (184.797.458) Employer’s contributions
+ 1,00% (112.665.117) + 1.00%
- 1,00% 134.819.500 - 1.00%

+ 1,00% 25.332.048 + 1.00%
- 1,00% (21.964.785) -1.00%
ditempatkan adalah pada surat berharga asset are on Government bond, time deposits,
negara, deposito berjangka, saham, stocks, mutual funds, bonds and other assets.
reksadana, obligasi dan aset lainnya.
25. MODAL SAHAM 25. SHARES CAPITAL
Jumlah saham ditempatkan

Pemegang saham/ dan disetor penuh /Number of % Pemilikan/
Shareholder share issued and fully paid ownership Total
Pemerintah Indonesia/ 6.414.412 100% 6.414.412.000
Government of The Republic of Indonesia
Perubahan Anggaran dasar berdasarkan akta The last amendment to the Articles of Association
Pernyataan Keputusan Rapat dan Keputusan Para were based on the Deed of Meeting Resolution and
Pemegang Saham yang diambil Di luar Rapat Shareholders Meeting taken outside the meeting of
PT Angkasa Pura I (Persero) No.5 dengan Notaris PT Angkasa Pura I (Persero) No.5 on the date
Utiek R. Abdulrachman, SH., MLI., MKn mengenai mentioned above by the notary of Utiek R.
diantaranya peningkatan modal dasar dan Abdulrachman, SH., MLI.,MKn., regarding the
penambahan modal Negara Republik Indonesia ke capital increases and additional capital of the
dalam modal Perusahaan. Akta perubahan Republic of Indonesia to the capital of the Company.
anggaran dasar tersebut telah mendapatkan The Deed of Amendment had been approved by the
pengesahan dari Kementerian Hukum dan Hak Ministry of Justice and Human Rights of the
Asasi Manusia Republik Indonesia dengan Republic of Indonesia with his letter No.AHU-
No.AHU-46777.AH.01.02 Tahun 2012 pada tanggal 46777.AH.01.02 Tahun 2012 dated September 3,
3 September 2012, dengan rincian sebagai berikut: 2012, which details are as follows:
117

25. MODAL SAHAM (lanjutan) 25. SHARES CAPITAL (continued)

a. Modal Dasar Perusahaan adalah sebesar a. The authorized capital amounting to
Rp12.000.000.000 yang terbagi atas Rp12,000,000,000 consists of 12,000,000
12.000.000 saham, dengan nilai nominal shares with par value of Rp1,000,000 (full
Rp1.000.000 (nilai penuh) per saham. amount) per share.
b. Modal ditempatkan dan disetor menjadi b. Issued and fully paid amounted to
sebesar Rp3.188.245.000 atau sebanyak Rp3,188,245,000 or 3,188,245 shares, by
3.188.245 saham, dengan cara penambahan additional paid in capital of to Rp1,388,244,029
penyertaan modal negara Republik Indonesia based on the Government Regulation No.76
sebesar Rp1.388.244.029 sesuai Peraturan Year 2011 and from reserved capital of Rp971.
Pemerintah (PP) No.76 Tahun 2011 dan dari
cadangan modal sebesar Rp971 .
Berdasarkan akta notaris Nanda Fauz lwan, SH, Based on Notarial Deed Nanda Fauz lwan, SH,
M.Kn No.02 tanggal 16 Januari 2013 yang telah M.Kn No.02 dated January 16, 2013 which has been
disimpan di dalam database Sistem Administrasi stored in the Legal Entity Administration System
Badan Hukum dari Kementrian Hukum dan Hak database of the Ministry of Justice and Human
Asasi Manusia Republik Indonesia Rights of the Republic of Indonesia
No. AHU-AH.01.10-02672 tanggal 31 Januari 2013, No. AHU-AH.01. 10-02672 dated January 31, 2013,
Perusahaan menyetujui peningkatan modal disetor the Company approved the increase in paid-up
yang diambil dari kapitalisasi sebagian cadangan capital of capitalization partially taken up by the
Perusahaan sampai dengan tahun buku 2011 Company reserves the fiscal year 2011 amounted to
sejumlah 300.000 saham dengan nilai nominal 300,000 shares with a nominal value of
Rp1.000.000 (nilai penuh) sehingga seluruhnya Rp1,000,000 (full amount) so entirely for the whole
seharga Rp300.000.000 yang seluruhnya diambil Rp300,000,000 taken from the Republic of
bagian oleh Negara Republik Indonesia. Sehingga Indonesia. The issued and paid-up so to
Modal ditempatkan dan disetor menjadi sebesar Rp3,488,245.000.
Rp3.488.245.000.
Pada tanggal 22 September 2015 terjadi perubahan On September 22, 2015 the amendments to the
Anggaran Dasar Perusahaan yang dinyatakan Articles of Association of the Company stated in
dalam Akta Notaris Julius Purnawan, SH, MSi No. Notarial Deed Julius Purnawan, SH, MSi number 11
11 Pernyataan Keputusan Rapat Umum Pemegang Statement of General Meeting of Shareholders of
Saham PT Angkasa Pura I (Persero) tentang PT Angkasa Pura I (Persero) on Paid up Capital
Penambahan Modal Disetor dan Perubahan Additions and Amendments of PT Angkasa Pura I
Anggaran Dasar PT Angkasa Pura I (Persero). Akta (Persero). This amendment was approved by the
perubahan anggaran dasar tersebut telah Ministry of Law and Human Rights Republic of
mendapatkan pengesahan dari Kementrian Hukum Indonesia with No.AHU-AH.01.03-0972301 on
dan Hak Asasi Manusia Republik Indonesia dengan October 15, 2015. The authorized capital of
No.AHU.AH. 01.03-0972301 pada tanggal 15 Rp12,000,000,000 divided into 12,000,000 shares,
Oktober 2015. Modal Dasar Perusahaan sebesar with a nominal value of Rp1,000,000 (full amount)
Rp12.000.000.000 yang terbagi atas 12.000.000 per share, issued and paid up capital to
saham, dengan nilai nominal Rp1.000.000 (Rupiah Rp6,414,412,000 or as much as 6,414,412 shares,
penuh) per saham, Modal ditempatkan dan disetor by way of increase in capital of the Republic of
menjadi sebesar Rp6.414.412.000 atau sebanyak Indonesia Rp2,926,166,060 as the Government
6.414.412 saham, dengan cara penambahan Regulation (PP) No.8 Year 2014 and from capital
penyertaan modal negara Republik Indonesia reserves amounting to Rp940.
sebesar Rp2.926.166.060 sesuai Peraturan
Pemerintah (PP) No.8 Tahun 2014 dan dari
cadangan modal sebesar Rp940.
118

25. MODAL SAHAM (lanjutan) 25. SHARES CAPITAL (continued)
Pada tanggal 27 Maret 2019 terjadi perubahan On March 27, 2019 the amendments to the Articles
Anggaran Dasar Perusahaan yang dinyatakan of Association of the Company stated in Notarial
dalam Akta Notaris Nanda Fauz Iwan, SH, M.Kn No. Deed Nanda Fauz Iwan, SH, M.Kn. No. 55
55 Pernyataan Keputusan Menteri Badan Usaha Statement of Ministry of Stated Own Company of
Milik Negara Selaku Rapat Umum Pemegang General Meeting of Shareholders of
Saham Perusahaan Perseroan (Persero) PT Angkasa Pura I (Persero). This amendment has
PT Angkasa Pura I. Akta perubahan anggaran been acknowledged by the Ministry of Law and
dasar tersebut telah diberitahukan kepada Human Rights Republic of Indonesia through
Kementerian Hukum dan Hak Asasi Manusia Notification Receipt Letter No.AHU-AH.01.03-
Republik Indonesia melalui Surat Penerimaan 0175898 on March 28, 2019. The company shares
Pemberitahuan No.AHU-AH.01.03-0175898 pada divided into 2 series. Seri A Dwiwarna that specially
tanggal 28 Maret 2019. Saham perusahaan terbagi owned by Goverment of Republic of Indonesia and
menjadi Saham Seri A Dwiwarna yang hanya Seri B that can be owned by Government of
khusus dimiliki Negara Republik Indonesia dan Seri Republic of Indonesia and/or by public. The
B yang dapat dimiliki oleh Negara Republik Company capital of Rp12,000,000,000 divided into:
Indonesia dan/atau masyarakat. Modal Dasar
Perusahaan sebesar Rp12.000.000.000 terbagi
menjadi sebagai berikut:
a. 1 Saham Seri A Dwiwarna dengan nominal a. 1 Seri A Dwiwarna share with a nominal value
sebesar Rp1.000.000 (nilai penuh). of Rp1,000,000 (full amount).
b. 11.999.999 Saham Seri B masing-masing b. 11.999.999 Seri B share with nominal value
dengan nominal sebesar Rp1.000.000 (nilai each Rp1,000,000 (full amount) or full value off
penuh) atau seluruh nya dengan nilai saham share Rp11,999,999,000.
Rp11.999.999.000.
Modal ditempatkan dan disetor yang diambil penuh Issued and paid up capital that held by
oleh Negara Republik Indonesia sebesar Governmentof Republic of Indonesia as
Rp6.414.412.000 terbagi menjadi sebagai berikut : Rp6,414,412,000 divide into :
a. 1 Saham Seri A Dwiwarna dengan nominal a. 1 Seri A Dwiwarna share with a nominal value
sebesar Rp1.000.000 (nilai penuh) of Rp1,000,000 (full amount).
b. 6.414.411 Saham Seri B masing-masing a. 6,414,411 Seri B share with nominal value each
dengan nominal sebesar Rp1.000.000 (nilai Rp1,000,000 (full amount) or full value of share
penuh) atau seluruh nya dengan nilai saham Rp6,414,411,000.
Rp6.414.411.000.
26. PENYERTAAN MODAL NEGARA 26. GOVERNMENT CAPITAL INVESTMENT
2019 2018
Pengurangan - (232.133.499) Deduction
Total 22.963.207 22.963.207 Total
119

26. PENYERTAAN MODAL NEGARA (lanjutan) 26. GOVERNMENT CAPITAL INVESTMENT

(continued)
Penambahan penyertaan pada tahun 2016 sebesar Additional investment in 2016 amounted to
Rp255.096.706 adalah Penambahan Penyertaan Rp255,096,706 is the addition of the Government
Modal Negara yang berasal dari Bantuan Capital Participation derived from Bantuan
Pemerintah Yang Belum Ditentukan Statusnya Pemerintah Yang Belum Ditentukan Statusnya
(BPYBDS) sesuai Peraturan Pemerintah No.25 (BPYBDS) as the Government Regulation No.25
Tahun 2016 tanggal 27 Juni 2016. Tahun 2016 dated June 27, 2016.
Berdasarkan Peraturan Pemerintah (“PP”) No. 46 Based on the Government Regulation (“PP”) No. 46
Tahun 2018 tanggal 27 September 2018, Tahun 2018 dated September 27, 2018, the
Perusahaan menerima pengurangan Penyertaan Company received deduction in capital investment
Modal Negara (PMN) Republik Indonesia dengan from the Republic of Indonesia amounting to
nilai buku sebesar Rp232.133.499 untuk dijadikan Rp232,133,499 to be made into addition of capital
penambahan Penyertaan Modal Negara (PMN) investment to LPPNPI (notes 27).
Republik Indonesia kedalam modal Perusahaan
Umum LPPNPI (catatan 27).
27. PENGALIHAN ASET TETAP KENAVIGASIAN 27. THE TRANSFER OF NAVIGATION FIXED
ASSETS
2019 2018
Nilai buku aset tetap kenavigasian (37.004.793) (269.138.292) Book value of navigation fixed assets
Koreksi penyerahan aset - 232.133.499 Corrections
(37.004.793) (37.004.793)
Akumulasi penyusutan Accumulated depreciations of

aset tetap kenavigasian 408.393.524 408.393.524 navigation fixed assets
Pengurangan modal Pemerintah melalui pengalihan Deduction of Government capital by transfer of

aset kenavigasian ke LPPNPI berdasarkan surat navigation fixed assets to LPPNPI based on a letter
dari Menteri BUMN No.S-46/MBU/2014 tanggal 30 from the Minister of BUMN No.S-46/MBU/2014
Januari 2014 tentang persetujuan pengalihan aset dated January 30, 2014 regarding the approval of
tetap kenavigasian kepada Perum LPPNPI dengan the transfer of navigation fixed assets to Perum
nilai buku sebesar Rp270.831.524 LPPNPI with the book value of Rp270,831,524.
Pengaruh atas pengalihan aset tetap kenavigasian The effect of the transfer of fixed assets to the
kepada Perum LPPNPI, sebagai berikut: Perum LPPNPI as follows:
a. Aset tetap kenavigasian yang telah dijadikan a. Navigation fixed assets that have been used as
PMN pada perusahaan diserahkan kembali PMN in the company handed back at book
sebesar nilai bukunya yaitu Rp270.831.524, value of Rp270,831,524, in accordance with the
sesuai dengan surat Perusahaan Company's letter
No.AP.1.6724/PL.07/2013/PD-B tanggal 28 No.AP.1.6724/PL.07/2013/PD-B dated
November 2013 perihal revisi usulan November 28, 2013 regarding the proposed
pengalihan aset tetap kenavigasian kepada revisions to the transfer of navigation fixed
Perum LPPNPI, serta berdasarkan Berita Acara assets to Perum LPPNPI, and based on the
Perubahan Nilai Aset yang Diserahterimakan Minutes of the Asset Value Change
No.BA. 656/KU.21/2013/PDB tanggal No.BA. 656/KU.21/2013/PD-B dated
30 Desember 2013. December 30, 2013.
120

27. PENGALIHAN ASET TETAP KENAVIGASIAN 27. THE TRANSFER OF NAVIGATION FIXED
(lanjutan) ASSETS (continued)
Pengaruh atas pengalihan aset tetap kenavigasian The effect of the transfer of fixed assets to the
kepada Perum LPPNPI, sebagai berikut: (lanjutan) Perum LPPNPI as follows: (continued)
b. BPYBDS berupa aset tetap kenavigasian yang b. BPYBDS in the form of navigation fixed assets
diserahkan kembali kepada pemerintah adalah that are handed back to the govemment is at
sebesar nilai perolehan Rp731.281.272 yang cost of Rp731,281,272 consisting of Juanda
terdiri dari Bandara Juanda Surabaya sebesar Airport in Surabaya Rp69,306,329, Hasanuddin
Rp69.306.329, Bandara Hasanuddin Makassar Airport Makassar Rp26,009,312, Adi Sutjipto
Rp26.009.312, Bandara Adi Sutjipto Yogya Airport Yogya Rp17,826 and MATSC Makassar
Rp17.826 dan MATSC Makassar Rp635,947,805 with accumulated depreciation
Rp635.947.805 dengan akumulasi penyusutan of Rp408,393,524.
sebesar Rp408.393.524.
c. Penyesuaian atas aset kenavigasian yang c. Adjustments for transferred navigation assets
diserahkan adalah hasil rapat klarifikasi terkait is the result of a clarification meeting related
daftar aset hasil penilaian Direktorat Jenderal assets assessment results list Directorate
Kekayaan Negara yang diselenggarakan pada General of State Assets held on October 17,
tanggal 17 Oktober 2014. Adapun aset yang 2014. The assets of the list submission is
dikoreksi dari daftar penyerahan adalah Tanah corrected in Surabaya Land of Rp93,955, land
di Surabaya sebesar Rp93.955, tanah di in Kupang Rp377,625 and Makassar MATSC of
Kupang Rp377.625 dan MATSC Makassar Rp1,221,652.
sebesar Rp1.221.652.
28. PENGGUNAAN SALDO LABA 28. USAGE OF RETAINED EARNINGS
2019 2018
Cadangan: Reserve:
Saldo awal 6.228.618.258 5.093.757.108 Beginning balance
Penambahan 1.545.404.103 1.134.861.150 Addition
Saldo Akhir 7.774.022.361 6.228.618.258 End balance
Laba tahun berjalan Current income

Laba bersih tahun lalu, tanpa 2.007.018.315 1.418.577.150 Net income of prior year exclude
kepentingan non-pengendali non-controlling interest
- Pembagian dividen (461.614.212) (283.716.000) Dividend declaired -
- Cadangan (1.545.404.103) (1.134.861.150) Reserves -
Laba bersih tahun berjalan 1.451.359.978 2.007.018.315 Net income - current year
Total laba tahun berjalan 1.451.359.978 2.007.018.315 Total current income
Total saldo laba 9.225.382.339 8.235.636.573 Total retained earning
Berdasarkan Risalah Rapat Umum Pegang Saham Based on Minutes of General Meeting of
No. AP.I.3972/KU.01.03/2019/DU-B tanggal Shareholders No. AP.I.3972/KU.01.03/2019/DU-B
20 Mei 2019, pemegang saham Perusahaan setuju dated May 20, 2019, the Company's shareholders
untuk membagikan dividen kas sebesar agreed to declare a cash dividend amounting
Rp461.614.212 dan menaikkan cadangan umum Rp461,614,212 and raise general reserve for
atas saldo laba sebesar Rp1.545.404.103. retained earning amounting Rp1,545,404,103.
Perusahaan telah melakukan pembayaran dividen The Company has paid the dividend in 2019.
tersebut pada pada tahun 2019.
121

28. PENGGUNAAN SALDO LABA (lanjutan) 28. USAGE OF RETAINED EARNINGS (continued)
Berdasarkan Risalah Rapat Umum Pemegang Based on Minutes of General Meeting of

Saham No. AP.I.2559/KU.01.03/2018/DU-B tanggal shareholders No. AP.I.2559/KU.01.03/2018/DU-B
24 April 2018, pemegang saham Perusahaan setuju dated April 24, 2018, the Company's shareholders
untuk membagikan dividen kas sebesar agreed to declare a cash dividend amounting
Rp283.716.000 dan menaikkan cadangan umum Rp283,716,000 and raise general reserve for
atas saldo laba sebesar Rp1.134.861.150. retained earning amounting Rp1,134,861,150. The
Perusahaan telah melakukan pembayaran dividen Company has paid the dividend as stated above in
tersebut di atas pada tahun 2018. 2018.
29. KEPENTINGAN NON-PENGENDALI 29. NON-CONTROLLING INTEREST
Rincian kepentingan non-pengendali atas ekuitas Details of non-controlling interests in the equity and
dan bagian atas hasil bersih entitas anak yang net results of consolidated subsidiaries are as
dikonsolidasi sebagai berikut: follows:
Nilai Tercatat/Carrying Amounts

Kepemilikan/
Ownership (%) 2019 2018
PT Angkasa Pura Logistik 2,00 3.840.523 3.485.904 PT Angkasa Pura Logistik

PT Angkasa Pura Suport 0,39 1.298.311 1.261.563 PT Angkasa Pura Suport
PT Angkasa Pura Properti 0,04 76.749 75.986 PT Angkasa Pura Properti
PT Angkasa Pura Hotel 0,03 282.805 39.983 PT Angkasa Pura Hotel
Total 5.498.388 4.863.436 Total
Pada tahun 2019 dan 2018 Perusahaan mempunyai In 2019 and 2018, the Company has 5 (five)
5 (lima) entitas anak yang dikonsolidasi. Seluruh consolidated subsidiaries. All subsidiaries are
entitas anak berkedudukan di Jakarta sebagai domiciled in Jakarta as their head office.
kantor pusatnya.
30. PENDAPATAN USAHA 30. OPERATING REVENUES
Rincian pendapatan usaha adalah sebagai berikut: The details of operating revenues are as follows:

31 Desember/
2019 2018
Aeronautika Aeronautical
PJP4U (Pelayanan Jasa Pendaratan PJP4U (Aircraft Landing,
Penempatan dan Penyimpanan Placing and Storing
Pesawat Udara) Services)
Domestik 190.945.248 181.821.821 Domestic
Internasional 701.932.306 538.306.430 International

PJP2U (Pelayanan Jasa PJP2U (Aircraft
Penumpang Pesawat Udara) Passenger Services)
Domestik 1.799.521.581 2.240.972.821 Domestic
Internasional 1.735.438.021 1.608.774.099 International
Sub-total 3.534.959.602 3.849.746.920 Subtotal
122

30. PENDAPATAN USAHA (lanjutan) 30. OPERATING REVENUES (continued)

31 Desember/
2019 2018
Aeronautika Aeronautical
Aviobridge Aviobridge

Pemakaian counter dan conveyor Use of counters and conveyor

Pendapatan Baggage Handling
System (BHS) Baggage Handling System (BHS)
Internasional 5.280 9.796.840 International
Sub-total 5.280 9.796.840 Subtotal
PJKP2U (Pelayanan Jasa Kargo dan PJKP2U (Cargo Services

Pos Pesawat Udara) and Aircraft Postal Services)
Total pendapatan aeronautika 4.975.936.088 5.113.648.346 Total aeronautical revenue
Non-aeronautika Non-aeronautical
Pemakaian sarana non-aeronautika Use of non-aeronautical facilities
Parkir kendaraan 302.473.601 321.706.201 Parkir lots
Listrik 70.256.092 76.644.660 Electricity
Reklame 23.739.572 23.312.833 Advertising
Air 6.750.327 7.262.393 Water
Telepon 5.808.171 6.833.294 Telephone
Layanan data 5.984.661 6.786.390 Data services
Pas bandara 5.480.032 4.890.876 Airport pass

Pendapatan sewa Rentals revenues
Sewa ruang 579.982.044 525.075.808 Rent rooms
Sewa peralatan 88.425.593 78.724.086 Rent equipments
Sewa tanah 68.338.321 62.816.234 Rent lands
Sewa kendaraan 13.089.279 17.076.131 Rent vehicles
Sewa penggunaan hak atas tanah 6.317.272 5.537.855 Rent use of land rights
Sewa antena 3.647.007 4.497.969 Rent antena
Sewa tempat 464.609 1.709.988 Rent spaces
Lain-lain 1.271.205 1.035.360 Others
Sub-total 761.535.330 696.473.431 Sub total
123

30. PENDAPATAN USAHA (lanjutan) 30. OPERATING REVENUES (continued)

31 Desember/
2019 2018
Pemakaian ruang tunggu 138.296.643 211.332.198 Use of lounge
Pendapatan konsesi 1.707.521.693 1.554.211.200 Consessions revenues
Event dan promosi 37.636.364 31.267.755 Event and promotion
Pergudangan & logistik Warehousing & logistics
Jasa Agen Regulasi 36.646.769 47.850.402 Regulatory Agent services
Jasa pemeliharaan dan perbaikan 88.756.461 82.402.681 Maintenance and services

Jasa lainnya 205.473.155 155.141.527 Other services
Total pendapatan non-aeronautika 3.655.609.514 3.407.438.964 Total non-aeronautical revenues
Total 8.631.545.602 8.521.087.310 Total
Jumlah pendapatan usaha yang berasal dari pihak The amounts of operating revenues with details
berelasi dan pihak ketiga sebagai berikut: above consists of related parties and third parties as
follows:

31 Desember/
2019 2018
Pihak Berelasi 1.007.445.001 1.491.665.980 Related Parties
Pihak Ketiga 7.624.100.601 7.029.421.330 Third Parties
Total 8.631.545.602 8.521.087.310 Total
Kelompok Usaha memiliki pendapatan dari suatu The Group has revenues from certain party with total
pihak tertentu yang nilainya sama atau lebih besar amount equivalent with or exceeding 10% of its
dari 10% dari total pendapatan konsolidasiannya consolidated revenues from PT Garuda Indonesia
yaitu dari PT Garuda Indonesia (Persero) Tbk dan (Persero) Tbk and PT Lion Mentari Airlines.
PT Lion Mentari Airlines.
124

31. BEBAN PEGAWAI 31. EMPLOYEE EXPENSES

31 Desember/
2019 2018
Tunjangan operasional 843.143.667 762.977.513 Operational allowance

Bonus 366.315.352 441.462.245 Bonus
Gaji dan upah 244.460.409 225.492.385 Wages & salaries
Pengobatan 87.941.966 66.739.038 Medicals and doctors
Lembur 20.430.604 20.929.867 Overtime
Pakaian seragam 13.985.833 21.858.615 Employee uniform
Lain-lain 14.389.501 14.416.295 Others
Total 1.590.667.332 1.553.875.958 Total
32. BEBAN OPERASIONAL BANDARA 32. AIRPORT OPERATION EXPENSES

31 Desember/
2019 2018
Penyusutan dan amortisasi 1.124.491.016 1.022.809.080 Depreciation and amortization
Jasa alih daya 584.364.124 587.375.721 Outsourcing
Utilitas 358.545.903 344.727.063 Utilities
Pemeliharaan 294.251.833 333.522.413 Maintenance
Sewa 208.619.330 175.728.560 Rent
Jasa pelayanan penumpang 214.980.552 178.763.577 Passenger services
Jasa kebersihan bandara 180.912.703 178.992.905 Airport cleaning services
Pembelian tiket dan hotel 72.973.396 66.001.496 Purchase of ticket and hotel
Pemakaian persedian makanan Usage of inventories of
dan minuman 56.439.294 36.977.541 food and beverages
Penerimaan Negara Bukan Pajak 47.555.983 137.243.397 Non-Tax State Revenue
Pembelian dan pemakaian persediaan 43.011.741 14.350.809 Purchase and usage of inventories
Konstruksi 16.944.313 8.937.570 Construction
Lainnya 77.096.836 66.570.931 Other
Total 3.280.187.024 3.152.001.063 Total
125

33. BEBAN UMUM DAN ADMINISTRASI 33. GENERAL ADMINISTRATIVE EXPENSES

31 Desember/
2019 2018
Pajak 223.031.421 239.474.716 Taxes
Pejabat nonpegawai 213.387.884 210.529.264 Non-employee officer expense
Pemakaian persediaan 102.397.057 62.561.098 Usage of inventories
Imbalan kerja karyawan 93.073.582 112.461.106 Employee benefits
Jasa profesional dan konsultan 77.805.414 65.246.130 Professional service and consultant
Perjalanan dinas 66.561.132 69.895.284 Business travel
Rapat dinas 49.338.477 53.215.444 Meeting expense
Pendidikan dan pelatihan 43.834.835 42.557.434 Education and training
Makanan dan minuman 27.109.529 32.417.153 Food and beverage
Tenaga pendukung administrasi 24.565.105 2.525.687 Outsourcing administration
Asuransi 23.394.980 12.756.070 Insurance
Penurunan nilai piutang 20.054.530 44.893.804 Impairment of receivable
Aset dibiayakan 19.135.335 23.739.935 Low value asset
Olahraga 6.797.315 5.371.739 Sport
Lainnya 39.865.622 42.789.355 Others
Total 1.030.352.218 1.020.434.219 Total
34. PENGHASILAN LAIN-LAIN 34. OTHER INCOME

31 Desember/
2019 2018
Penyesuaian pembayaran tantiem 52.000.000 - Tantiem settlement adjustment
Pembayaran piutang yang Recovery of allowance for
telah disisihkan 15.075.219 48.444.328 impairment of receivables
Denda 15.061.196 5.361.963 Penalty
Pembatalan beban akrual Reverse of accrued expense
atas gugatan hukum (Catatan 43) 6.551.559 85.334.939 for civil suit (Note 43)
Lelang 3.262.083 3.450.163 Auction
Keuntungan dari aset tetap 1.086.048 6.269.279 Gain on fixed asset
Klaim asuransi - 11.402.624 Insurance claim
Laba selisih kurs, neto - 55.365.861 Gain on foreign exchange, net
Lainnya 34.220.953 3.575.152 Others
Total 127.257.058 219.204.309 Total
126

35. BEBAN LAIN-LAIN 35. OTHER EXPENSE

31 Desember/
2019 2018
Beban PKBL 51.468.405 40.699.312 PKBL expenses

Rugi selisih kurs, neto 28.952.466 - Loss on foreign exchange, net
Kerugian penghapusan aset tetap 5.099.102 4.690.083 Loss on retirement of fixed assets
Sumbangan 1.640.222 2.648.917 Donation
Lelang 1.653.895 2.351.273 Auction
Lain-lain 13.978.968 10.460.785 Other
Total 102.793.058 60.850.370 Total
36. PENGHASILAN KEUANGAN 36. FINANCE INCOME

31 Desember/
2019 2018
Bunga deposito 159.922.623 136.014.317 Deposit interest

Jasa giro 21.291.949 21.921.859 Current account
Bunga obligasi dan reksa dana 17.111.972 10.912.952 Bond & mutual fund interest
Total 198.326.544 168.849.128 Total
37. BEBAN KEUANGAN 37. FINANCE COSTS

31 Desember/
2019 2018
Bunga pinjaman bank dan obligasi 857.007.177 262.568.530 Bank loans and bonds interest
Beban administrasi bank 3.262.757 2.565.631 Bank administration charges
Total 860.269.934 265.134.161 Total
127

38. ASET KEUANGAN DALAM MATA UANG ASING 38. FINANCIAL ASSETS DENOMINATED IN
FOREIGN CURRENCY
31 Desember/December 2019 31 Desember/December 2018
Mata uang Setara dalam Mata uang Setara dalam

asing/foreign rupiah/In asing/foreign rupiah/In
currency USD rupiah Rp currency USD rupiah Rp
ASET ASSETS
Kas dan setara kas 45.688.128 635.110.669 58.032.245 840.364.938 Cash & cash equivalents
Piutang usaha 6.440.984 89.536.122 3.535.070 51.191.352 Trade Receivables
Total 52.129.112 724.646.791 61.567.315 891.556.290 Total
Utang usaha 4.656.163 64.725.318 2.137.545 30.953.784 Trade Payables
Aset moneter bersih 4.656.163 64.725.318 2.137.545 30.953.784 Net monetary assets
Aset dan liabilitas keuangan di atas dijabarkan Financial assets and liabilities mentioned above are
menggunakan kurs tengah Bank Indonesia tanggal translated using the Bank Indonesia middle rate as
31 Desember 2019 dan 2018. at 31 December 2019 and 2018.
39. TRANSAKSI NON-KAS 39. NON-CASH TRANSACTIONS
Informasi pendukung laporan arus kas Supplementary information to the consolidated

konsolidasian sehubungan dengan aktivitas non- statements of cash flow relating to non-cash
kas sebagai berikut: activities is as follows:
2019 2018
Kapitalisasi biaya pinjaman Capitalization of

ke aset tetap 286.653.622 320.056.625 borrowing costs
Perubahan pada liabilitas yang timbul dari aktivitas Movement of liabilities arising from financing
pendanaan pada laporan arus kas konsolidasian activities in the consolidated statement of cash flows
adalah sebagai berikut : are as follows:
Non-arus kas/Non-cash flow
Selisih kurs/
1 Januari 2019/ Arus kas/ Foreign exchange Lainnya/ 31 Desember 2019/
January 1, 2019 Cash flow difference Other December 31, 2019
Pinjaman bank jangka panjang 6.327.995.013 10.970.851.262 - (35.662.231) 17.263.184.044 Long-term bank loans
Pinjaman bank jangka pendek 105.631.070 52.379.600 - - 158.010.670 Short-term bank loans
Obligasi dan sukuk ijarah 2.993.700.828 - - 1.195.495 2.994.896.323 Bonds payable and sukuk ijarah
Total 9.427.326.911 11.023.230.862 - (34.466.736) 20.416.091.037 Total

Selisih kurs/
Total 7.379.107.801 2.084.702.925 - (36.483.815) 9.427.326.911 Total
128

40. TRANSAKSI DENGAN PIHAK BERELASI 40. TRANSACTION WITH RELATED PARTIES
Sifat hubungan dan jenis transaksi dengan pihak The nature of relationships and transactions with
berelasi adalah sebagai berikut: related parties are as follows:
a. Sifat Hubungan Berelasi a. Nature of Relationship
1. Pemegang Saham/Shareholder Pemerintah Republik Indonesia/

The Government of The Republic of Indonesia
2. Entitas yang berelasi dengan Pemerintah/
Government related entities
- PT Bank Mandiri (Persero) Tbk
- PT Bank Rakyat Indonesia (Persero) Tbk
- PT Bank Negara Indonesia 1946 (Persero) Tbk
- PT Bank Tabungan Negara
- PT Bank Syariah Mandiri
- PT Bank BRI Syariah
- PT Bank BNI Syariah
- PT Garuda Indonesia (Persero) Tbk
- PT Pertamina (Persero)
- PT Perusahaan Listrik Negara (Persero)
- PT Telekomunikasi Indonesia (Persero) Tbk
- PT Asuransi Jasa Indonesia (Persero)
- Perusahaan Umum (Perum) Lembaga
Penyelenggara Pelayanan Navigasi
Penerbangan Indonesia (LPPNPI)
- Perusahaan Badan Usaha Milik Negara (BUMN)
lainnya/Other Stated Owners Enterprise (BUMN)
3.Entitas Anak/Subsidiaries - PT Angkasa Pura Suport (APS)
- PT Angkasa Pura Hotel (APH)
- PT Angkasa Pura Logistik (APL)
- PT Angkasa Pura Properti (APP)
- PT Angkasa Pura Retail (APR)
4.Entitas Asosiasi/Associated entities - PT Gapura Angkasa - Penyertaan Saham/
Investment in Shares
- PT Jasa Marga Bali Tol - Penyertaan Saham/
Investment in Shares
5.Imbalan kerja/ Employee benefits plan - Dana Pensiun Angkasa Pura (Dapenra)
6.Personil, manajemen kunci/Personnels, - Direksi/Directors

key management - Komisaris/Board of Comissionares
b. Transaksi dengan Pihak Berelasi b. Transaction with Related Parties
Dalam kegiatan usahanya, Perusahaan dan In the normal course of business, the Company
entitas anak melakukan transaksi tertentu and its subsidiaries entered into transactions with
dengan pihak berelasi. related parties.
Rincian akun signifikan dengan pihak-pihak Details of significant accounts with related parties
berelasi (pemerintah, entitas pemerintah atau (government, owned entities unless otherwise
dinyatakan lain) sebagai berikut: stated) are as follows:
2019 2018
Aset Assets
Kas dan setara kas 2.439.450.313 1.659.250.693 Cash and cash equivalents
Investasi jangka pendek 157.630.092 62.030.398 Short-term invesment
Piutang usaha 138.453.120 90.334.042 Trade receivables
Investasi jangka panjang 99.749.084 100.662.312 Long term Investments
Total 2.835.282.609 1.912.277.445 Total
129

40. TRANSAKSI DENGAN PIHAK BERELASI 40. TRANSACTION WITH RELATED PARTIES
b. Transaksi dengan pihak berelasi (lanjutan) b. Transaction with related parties (continued)
Rincian akun signifikan dengan pihak-pihak Details of significant accounts with related
berelasi (pemerintah, entitas pemerintah atau parties (government, owned entities unless
dinyatakan lain) sebagai berikut: (lanjutan) otherwise stated) are as follows: (continued)

Persentase dari total aset 6,63% 6,04% Percentage of total assets
Liabilitas Liabilities
Utang usaha 59.820.083 101.718.709 Trade payable
Long term bank loans &
Utang bank dan pinjaman sindikasi 14.918.352.118 5.600.414.977 syndicated loan
Utang lancar lain lain 99.967.076 1.371.998.743 Other current liabilities
15.078.139.277 7.074.132.429
Persentase dari total liabilitas 56% 43% Percentage of total liabilities
41. INFORMASI SEGMEN OPERASI 41. OPERATION SEGMENT INFORMATION
Informasi segmen operasi sebagai berikut: Operation segment information is as follows:

31 Desember/December 31, 2019
Aeronautika/ Non-aeronautika/ Jumlah/ Eliminasi/ Konsolidasian/

Aeronautica Non-aeronautica Total Elimination Consolidated

Kantor Pusat - 8.142.768 8.142.768 (1.445.223) 6.697.545 Head Office
Bandara Adi Sucipto 187.649.936 105.736.456 293.386.392 (52.071.829) 241.314.563 Adi Sucipto Airport
Bandara Adi Soemarmo 56.613.541 31.900.438 88.513.979 (15.709.948) 72.804.031 Adi Soemarmo Airport
Bandara Ahmad Yani 129.219.800 72.812.408 202.032.208 (35.857.786) 166.174.422 Ahmad Yani Airport
Bandara Juanda 825.980.125 465.420.946 1.291.401.071 (229.204.959) 1.062.196.112 Juanda Airport
Bandara Syamsudin Noor 89.659.877 50.521.294 140.181.171 (24.880.125) 115.301.046 Syamsuddin Noor Airport
Bandara Sultan Aji M. Sulaiman 243.785.296 137.367.450 381.152.746 (67.649.084) 313.503.662 Sultan Aji M. Sulaiman Airport
Bandara I Gusti Ngurah Rai 1.886.853.957 1.063.199.134 2.950.053.091 (523.591.635) 2.426.461.456 I Gusti Ngurah Rai Airport
Bandara Praya 94.473.600 53.233.717 147.707.317 (26.215.906) 121.491.411 Praya Airport
Bandara El Tari 37.130.847 20.922.385 58.053.232 (10.303.607) 47.749.625 El Tari Airport
Bandara Sultan Hassanudin 314.806.177 177.386.095 492.192.272 (87.356.989) 404.835.283 Sultan Hassanudin Airport
Bandara Sam Ratulangi 99.555.212 56.097.089 155.652.301 (27.626.026) 128.026.275 Sam Ratulangi Airport
Bandara Pattimura 29.113.234 16.404.643 45.517.877 (8.078.763) 37.439.114 Pattimura Airport
Bandara Frans Kaisiepo 8.743.795 4.926.929 13.670.724 (2.426.355) 11.244.369 Frans Kaisiepo Airport
Strategic Business Unit DPS - 1.544.316.316 1.544.316.316 (274.093.747) 1.270.222.569 Strategic Business Unit DPS
Bandara Internasional Yogyakarta 9.448.261 5.323.879 14.772.140 (2.621.841) 12.150.299 Yogyakarta International Airport
Anak Perusahaan Subsidiaries
Angkasa Pura Logistik - 386.002.860 386.002.860 (68.509.909) 317.492.951 Angkasa Pura Logistik
Angkasa Pura Properti - 243.204.092 243.204.092 (43.165.199) 200.038.893 Angkasa Pura Properti
Angkasa Pura Hotel - 407.108.651 407.108.651 (72.255.881) 334.852.770 Angkasa Pura Hotel
Angkasa Pura Suport - 1.524.722.211 1.524.722.211 (270.616.077) 1.254.106.134 Angkasa Pura Suport
Angkasa Pura Retail - 106.311.891 106.311.891 (18.868.819) 87.443.072 Angkasa Pura Retail
Total pendapatan usaha 4.013.033.658 6.481.061.652 10.494.095.310 1.862.549.708 8.631.545.602 Total operating revenue
130

41. INFORMASI SEGMEN OPERASI (lanjutan) 41. OPERATION SEGMENT INFORMATION

(continued)


BEBAN USAHA OPERATING EXPENSES

Kantor Pusat - 1.191.457.093 1.191.457.093 (278.672.877) 912.784.216 Head Office
Bandara Juanda 431.897.616 243.364.448 675.262.064 (153.872.880) 521.389.184 Juanda Airport
Bandara I Gusti Ngurah Rai 681.048.526 383.755.298 1.064.803.824 (242.638.287) 822.165.537 I Gusti Ngurah Rai Airport
Strategic Business Unit DPS 58.624.137 33.033.363 91.657.500 (20.886.118) 70.771.382 Strategic Business Unit DPS
Bandara Internasional Yogyakarta 35.783.148 20.162.987 55.946.135 (12.748.522) 43.197.613 Yogyakarta International Airport
Angkasa Pura Suport - 1.358.694.174 1.358.694.174 (309.607.478) 1.049.086.696 Angkasa Pura Suport
Total beban usaha 2.582.629.337 5.076.142.813 7.658.772.150 (1.752.388.703) 5.906.383.447 Total operating expenses
LABA USAHA 1.430.404.321 1.404.918.839 2.835.323.160 (110.161.005) 2.725.162.155 OPERATING INCOME
PENDAPATAN (BEBAN) NON OPERATING REVENUE

NON USAHA (EXPENSE)
Kantor Pusat - (646.377.960) (646.377.960 ) - (646.377.960) Head Office
Bandara Adi Sucipto 24.147 13.605 37.752 - 37.752 Adi Sucipto Airport
Bandara Adi Soemarmo 19.159 10.796 29.955 - 29.955 Adi Soemarmo Airport
Bandara Ahmad Yani 23.471 13.225 36.696 - 36.696 Ahmad Yani Airport
Bandara Juanda 73.815 41.593 115.408 - 115.408 Juanda Airport
Bandara Syamsudin Noor 45.885 25.855 71.740 - 71.740 Syamsuddin Noor Airport
Bandara Sultan Aji M. Sulaiman 59.667 33.621 93.288 - 93.288 Sultan Aji M. Sulaiman Airport
Bandara I Gusti Ngurah Rai 568.224 320.181 888.405 - 888.405 I Gusti Ngurah Rai Airport
Bandara Praya 100.805 56.802 157.607 - 157.607 Praya Airport
Bandara El Tari 22.672 12.775 35.447 - 35.447 El Tari Airport
Bandara Sultan Hassanudin 177.304 99.906 277.210 - 277.210 Sultan Hassanudin Airport
Bandara Sam Ratulangi 68.939 38.845 107.784 - 107.784 Sam Ratulangi Airport
Bandara Pattimura 23.622 13.311 36.933 - 36.933 Pattimura Airport
Bandara Frans Kaisiepo 12.832 7.230 20.062 - 20.062 Frans Kaisiepo Airport
Strategic Business Unit DPS 86.343 48.652 134.995 - 134.995 Strategic Business Unit DPS
Bandara Internasional Yogyakarta 9.671 5.450 15.121 - 15.121 Yogyakarta International Airport
Angkasa Pura Logistik - 1.035.538 1.035.538 - 1.035.538 Angkasa Pura Logistik
Angkasa Pura Properti - (4.879.222) (4.879.222 ) - (4.879.222) Angkasa Pura Properti
Angkasa Pura Hotel - 2.745.325 2.745.325 - 2.745.325 Angkasa Pura Hotel
Angkasa Pura Suport - (18.198.748) (18.198.748 ) - (18.198.748) Angkasa Pura Suport
Angkasa Pura Retail - 1.673.274 1.673.274 - 1.673.274 Angkasa Pura Retail
Total pendapatan Total non operating

(beban) non usaha 1.316.556 (663.259.946) (661.943.390) - (661.943.390) revenue (expense)
Laba rugi entitas asosiasi - (8.952.137) (8.952.137) - (8.952.137) Income (loss) associates
Laba sebelum pajak 1.431.720.877 732.706.756 2.164.427.633 (110.161.005) 2.054.266.628 Income before tax
Pajak final - - (109.731.383) - (109.731.383) Final tax expense

Pajak penghasilan badan - - (492.308.079) - (492.308.079) Corporate income taxes
Laba tahun berjalan 1.431.720.877 701.224.352 1.562.388.171 (110.161.005) 1.452.227.166 Profit for the year
Laba diatribusikan kepada:

Income attributable to:
Pemilik entitas induk - - - - 1.451.359.978 The owner of parent entity
Kepentingan non pengendali - - - - 867.188 Non controlling interest
TOTAL LABA
TAHUN BERJALAN 1.431.720.877 701.224.352 1.562.388.171 (110.161.007) 1.452.227.166 TOTAL PROFIT FOR THE YEAR
131


(continued)

Kebandaraan/ Non-bandara/ Jumlah/ Eliminasi/ Konsolidasian/

Airport Non-airport Total Elimination Consolidated
ASET ASSET
Kantor Pusat - 16.232.643.942 16.232.643.942 (732.449.752) 15.500.194.190 Head Office
Bandara Ahmad Yani 1.533.065.565 863.847.451 2.396.913.016 (108.153.566) 2.288.759.450 Ahmad Yani Airport
Bandara Juanda 1.652.506.990 931.149.967 2.583.656.957 (116.579.832) 2.467.077.125 Juanda Airport
Bandara Sultan Aji M. Sulaiman 1.248.623.456 703.570.815 1.952.194.271 (88.086.957) 1.864.107.314 Sultan Aji M. Sulaiman Airport
Bandara I Gusti Ngurah Rai 3.745.427.959 2.110.463.159 5.855.891.118 (264.229.660) 5.591.661.458 I Gusti Ngurah Rai Airport
Bandara Praya 771.282.396 434.600.024 1.205.882.420 (54.411.856) 1.151.470.564 Praya Airport
Bandara Sultan Hassanudin 2.260.621.905 1.273.808.841 3.534.430.746 (159.480.669) 3.374.950.077 Sultan Hassanudin Airport
Bandara Internasional Yogyakarta 2.903.345.621 1.635.968.984 4.539.314.605 (204.823.063) 4.334.491.542 International Yogyakarta Airport
Angkasa Pura Logistik 302.928.238 - 302.928.238 (13.668.735) 289.259.503 Angkasa Pura Logistik
Angkasa Pura Properti 537.395.635 - 537.395.635 (24.248.379) 513.147.256 Angkasa Pura Properti
Angkasa Pura Hotel 738.816.758 - 738.816.758 (33.336.908) 705.479.850 Angkasa Pura Hotel
Angkasa Pura Suport 1.393.988.229 - 1.393.988.229 (62.899.571) 1.331.088.658 Angkasa Pura Suport
Angkasa Pura Retail 90.226.172 - 90.226.172 (4.071.188) 86.154.984 Angkasa Pura Retail
Total aset 19.381.084.588 25.427.312.065 44.808.396.653 (2.021.845.554) 42.786.551.099 Total asset
Bandara Syamsudin Noor 35.978.809 20.273.237 56.252.046 (1.364.133) 54.887.913 Syamsudin Noor Airport
Bandara I Gusti Ngurah Rai 334.173.710 188.299.257 522.472.967 (12.670.165) 509.802.802 I Gusti Ngurah Rai Airport
Bandara Internasional Yogyakarta 12.797.952 7.211.354 20.009.306 (485.233) 19.524.073 International Yogyakarta Airport
Angkasa Pura Suport - 712.818.144 712.818.144 (17.286.107) 695.532.037 Angkasa Pura Suport
Angkasa Pura Retail - 30.535.492 30.535.492 (740.497) 29.794.995 Angkasa Pura Retail
Total liabilitas 1.552.356.904 25.919.898.825 27.472.255.729 (666.212.477) 26.806.043.252 Total liabilities
132


(continued)



Kantor Pusat - 8.264.380 8.264.380 - 8.264.380 Head Office
Bandara I Gusti Ngurah Rai 2.406.878.208 254.344.709 2.661.222.917 (7.181.871) 2.654.041.046 I Gusti Ngurah Rai Airport
Bandara El Tari 45.789.802 19.247.060 65.036.862 (500.902) 64.535.960 El Tari Airport
Bandara Frans Kaisiepo 9.084.552 7.023.234 16.107.786 (592.811) 15.514.975 Frans Kaisiepo Airport
Strategic Business Unit DPS - 1.296.731.782 1.296.731.782 (14.681.026) 1.282.050.756 Strategic Business Unit DPS
Angkasa Pura Property - 449.320.035 449.320.035 (432.977.024) 16.343.011 Angkasa Pura Property
Angkasa Pura Suport - 1.239.285.471 1.239.285.471 (952.178.700) 287.106.771 Angkasa Pura Suport
Total pendapatan usaha 5.118.182.758 5.099.113.259 10.217.296.017 (1.696.208.707) 8.521.087.310 Total operating revenue
BEBAN USAHA OPERATING EXPENSES

Bandara I Gusti Ngurah Rai 791.935.661 219.605.610 1.011.541.271 (372.872.708) 638.668.563 I Gusti Ngurah Rai Airport
Strategic Business Unit DPS - 89.477.318 89.477.318 (7.023.271) 82.454.047 Strategic Business Unit DPS
Total beban usaha 2.879.903.212 4.304.734.490 7.184.637.702 (1.580.345.119) 5.604.292.583 Total operating expenses
LABA USAHA 2.238.279.546 794.378.765 3.032.658.311 (115.863.588) 2.916.794.723 OPERATING INCOME
133


(continued)
Informasi segmen operasi sebagai berikut: Operation segment Information is as follows:

PENDAPATAN (BEBAN) NON OPERATING REVENUE

NON USAHA (EXPENSE)
Kantor Pusat - (90.903.916) (90.903.916) - (90.903.916) Head Office
Bandara Adi Sucipto - 23.401 23.401 - 23.401 Adi Sucipto Airport
Bandara Adi Soemarmo - 128.102 128.102 - 128.102 Adi Soemarmo Airport
Bandara Ahmad Yani - 34.423 34.423 - 34.423 Ahmad Yani Airport
Bandara Juanda - 138.125 138.125 - 138.125 Juanda Airport
Bandara Syamsudin Noor - 15.536 15.536 - 15.536 Syamsuddin Noor Airport
Bandara Sultan Aji M. Sulaiman - 78.356 78.356 - 78.356 Sultan Aji M. Sulaiman Airport
Bandara I Gusti Ngurah Rai - 202.634 202.634 - 202.634 I Gusti Ngurah Rai Airport
Bandara Praya - 84.817 84.817 - 84.817 Praya Airport
Bandara El Tari - 15.817 15.817 - 15.817 El Tari Airport
Bandara Sultan Hassanudin - 239.391 239.391 - 239.391 Sultan Hassanudin Airport
Bandara Sam Ratulangi - 38.302 38.302 - 38.302 Sam Ratulangi Airport
Bandara Pattimura - 14.868 14.868 - 14.868 Pattimura Airport
Bandara Frans Kaisiepo - 10.446 10.446 - 10.446 Frans Kaisiepo Airport
Strategic Business Unit DPS - 48.337 48.337 - 48.337 Strategic Business Unit DPS
Angkasa Pura Logistik - 1.823.218 1.823.218 - 1.823.218 Angkasa Pura Logistik
Angkasa Pura Properti - 426.244 426.244 - 426.244 Angkasa Pura Properti
Angkasa Pura Hotel - 2.208.994 2.208.994 - 2.208.994 Angkasa Pura Hotel
Angkasa Pura Suport - (11.427.079) (11.427.079) - (11.427.079) Angkasa Pura Suport
Angkasa Pura Retail - 514.951 514.951 - 514.951 Angkasa Pura Retail
Total pendapatan Total non operating

(beban) non usaha - (96.285.033) (96.285.033) - (96.285.033) revenue (expense)
Laba rugi entitas asosiasi - 2.552.006 2.552.006 - 2.552.006 Income (loss) associates
Laba sebelum pajak 2.238.279.546 700.645.738 2.938.925.284 (115.863.588) 2.823.061.696 Income before tax
Pajak final - - 128.127.639 - 128.127.639 Final tax expense

Pajak penghasilan badan - - 689.015.898 - 689.015.898 Corporate income taxes
Laba tahun berjalan 2.343.454.753 700.645.738 2.121.781.747 (115.863.588) 2.005.918.159 Profit for the year
Laba diatribusikan kepada: Income attributable to:

Pemilik entitas induk - - - - 2.007.018.317 The owner of parent entity
Kepentingan non pengendali - - - - (1.100.156) Non controlling interest
TOTAL LABA
TAHUN BERJALAN 2.343.454.753 700.645.738 2.121.781.747 (115.863.588) 2.005.918.159 TOTAL PROFIT FOR THE YEAR

ASET ASSET
Bandara Adi Sucipto 6.968.262.778 502.802.707 7.471.065.485 (428.165.410) 7.042.900.075 Adi Sucipto Airport
Bandara Ahmad Yani 2.431.219.083 18.618.768 2.449.837.851 (140.399.763) 2.309.438.088 Ahmad Yani Airport
Bandara Syamsudin Noor 1.676.911.766 30.563.813 1.707.475.579 (97.855.116) 1.609.620.463 Syamsuddin Noor Airport
Bandara Sultan Aji M. Sulaiman 1.582.417.133 388.705.355 1.971.122.488 (112.964.673) 1.858.157.815 Sultan Aji M. Sulaiman Airport
Bandara I Gusti Ngurah Rai 4.964.600.716 640.051.255 5.604.651.971 (321.201.590) 5.283.450.381 I Gusti Ngurah Rai Airport
Bandara Praya 949.148.090 132.255.681 1.081.403.771 (61.975.054) 1.019.428.717 Praya Airport
Bandara Sultan Hassanudin 1.975.105.703 18.943.467 1.994.049.170 (114.278.597) 1.879.770.573 Sultan Hassanudin Airport
Total aset 23.915.389.475 9.615.155.613 33.530.545.088 (1.921.629.467) 31.608.915.621 Total asset
134


(continued)
Informasi segmen operasi sebagai berikut: Operation segment Information is as follows:


Bandara Adi Sucipto 1.325.063.685 95.611.436 1.420.675.121 (52.567.077) 1.368.108.044 Adi Sucipto Airport
Bandara Syamsudin Noor 630.363.396 11.489.161 641.852.557 (23.749.491) 618.103.066 Syamsudin Noor Airport
Bandara I Gusti Ngurah Rai 703.169.794 90.654.834 793.824.628 (29.372.703) 764.451.925 I Gusti Ngurah Rai Airport
Bandara Frans Kaisiepo 25.444.175 1.358.917 26.803.092 (991.754) 25.811.338 Frans Kaisiepo Airport
Angkasa Pura Suport - 411.053.156 411.053.156 (15.209.573) 395.843.583 Angkasa Pura Suport
Total liabilitas 4.182.155.885 13.010.695.971 17.192.851.856 (636.160.904) 16.556.690.952 Total liabilities
42. PERJANJIAN-PERJANJIAN PENTING 42. SIGNIFICANT AGREEMENTS
a) Perjanjian Konsesi - Direktorat Jenderal a) Concession Agreement - Directorate General of

Perhubungan Udara Civil Aviation
Pada tanggal 15 Desember 2015, Perusahaan On December 15, 2015, the Company entered
mengadakan Perjanjian dengan Direktorat into an agreement with the Directorate General
Jenderal Perhubungan Udara (DJPU) of Civil Aviation (DJPU) regarding the
mengenai pemberian konsesi untuk melakukan concession provided to the Company to
kegiatan pelayanan jasa kebandarudaraan conduct airport services as stated in agreement
sebagaimana yang dituangkan dalam No. HK.201/2/8/DRJU.kum-2015 and
perjanjian No. HK.201/2/8/DRJU.kum-2015 dan No. SP.333/HK.06.03/2015/DU (Concession
No. SP.333/HK.06.03/2015/DU (Perjanjian Agreement).
Konsesi).
DJPU memberikan hak kepada Perusahaan DJPU granted the right to the Company to
melakukan kegiatan pelayanan jasa conduct the airport service activities including
kebandarudaraan termasuk meliputi pelayanan aircraft, passenger, freight and postal related
sehubungan dengan jasa pesawat udara, services. Such services encompass for the
penumpang, barang, dan pos. Layanan provision and/or development of:
tersebut mencakup penyediaan dan/atau
pengembangan:
- Fasilitas kegiatan pelayanan pendaratan, - Facilities for service activities for landing,
lepas landas, manuver, parkir, dan takeoff, maneuvering, parking and storage of
penyimpanan pesawat udara; aircraft;
- Fasilitas terminal untuk pelayanan - Terminal facilities for passenger transport
angkutan penumpang, kargo, dan pos; services, cargo, and mail;
- Fasilitas elektronika, listrik, air, dan - Electronic facilities, electricity, water, and
instalasi limbah buangan; dan waste disposal installations; and
- Lahan untuk bangunan, lapangan, dan - Areas for the building, grounds, and industry
industri serta gedung atau bangunan yang as well as buildings provided to support air
digunakan untuk mendukung transportasi transportation.
udara.
135

42. PERJANJIAN-PERJANJIAN PENTING (lanjutan) 42. SIGNIFICANT AGREEMENTS (continued)
a) Perjanjian Konsesi - Direktorat Jenderal a) Concession Agreement - Directorate General of

Perhubungan Udara (lanjutan) Civil Aviation (continued)
Ketentuan-ketentuan penting dalam Perjanjian Important conditions in the Concession

Konsesi adalah sebagai berikut, antara lain: Agreement, among others, are as follows:
- Perusahaan diwajibkan untuk membayar - The Company is required to pay concession
pendapatan konsesi dari pelayanan jasa revenue of airport service activities
kebandarudaraan sebesar 2,5% dari amounting to 2.5% from revenue of airport
pendapatan pelayanan jasa service activities per year, which will be
kebandarudaraan per tahun, yang akan evaluated every 5 (five) years.
dievaluasi setiap 5 (lima) tahun.
- Perjanjian Konsesi berlaku selama - The Concession Agreement is valid for
2 (dua) tahun, terhitung sejak 2 (two) years, starting from date the
ditandatanganinya perjanjian, dan Concession Agreement is signed, and
diperpanjang selama 30 tahun sesuai extended for 30 years as agreed by DJPU
kesepakatan DJPU dan Perusahaan, and the Company, after the Company
setelah Perusahaan mendapat received approval from Shareholders
persetujuan Rapat Umum Pemegang General Meeting.
Saham.
DJPU memiliki kewenangan untuk melakukan DJPU has the authority to supervise and control
pengawasan dan pengendalian terhadap the implementation of the Concession based
pelaksanaan Konsesi berdasarkan Perjanjian on Concession Agreement in accordance with
Konsesi sesuai dengan kewenangannya yang its authority which is regulated by the Law.
diatur oleh Undang-Undang.
Sampai dengan tanggal penyelesaian laporan Up until the date of completion of the
keuangan konsolidasian, perpanjangan consolidated financial statements, the
perjanjian tersebut masih dalam proses. extension of the agreement is still in process.
Pada tanggal 28 Juni 2018, Perusahaan telah On June 28, 2018, the Company has received
menerima tagihan pembayaran konsesi an invoice from DJPU for payment of
pelayanan jasa kebandarudaraan tahun 2016 aeronautical service concession for year 2016
dari DJPU sebesar Rp91.505.658. amounting Rp91,505,658. Based on the
Berdasarkan surat tagihan tersebut setiap information stated in the invoice, every late
keterlambatan pembayaran akan dikenakan payment made 30 days after the date of invoice
denda sebesar 2% setiap bulannya, setelah 30 will be subjected to penalty of 2% each month.
hari sejak dikeluarkannya tagihan tersebut. On October 31, 2019, the Company has been
Pada tanggal 31 Oktober 2019, Perusahaan fully paid the invoice as stated above.
telah melakukan pembayaran secara penuh
atas tagihan tersebut di atas.
Pada tanggal 31 Desember 2019 dan 2018, On December 31, 2019 and 2018, the
Perusahaan mencatat akrual beban konsesi Company has recorded accrued concession
masing-masing sebesar Rp279.472.029 dan expense amounted to Rp279,472,029 and
Rp339.808.404. Rp339,808,404, respectively.
Sehubungan dengan kerterlambatan In relation with the late payment of the invoice
pembayaran tagihan tersebut di atas, as stated above, the Company has accrued the
Perusahaan telah mencadangkan denda penalty amounting to Rp27,451,797 and
sebesar Rp27.451.797 dan Rp9.150.566 Rp9,150,566 as of December 31, 2019 and
masing-masing pada tanggal 31 Desember 2018, respectively (Notes 17).
2019 dan 2018 (Catatan 17).
136

b) Perjanjian kerja sama pemanfaatan tanah milik b) Cooperation agreements utilization of land
Tentara Nasional Indonesia Angkatan Darat owned by Indonesian Army (TNI AD) in Ahmad
(TNI AD) di Bandara Internasional Ahmad Yani Yani International Airport
Pada tanggal 17 Juni 2014, Perusahaan dan On June 17, 2014 the Company and TNI AD
TNI AD menandatangani perjanjian kerjasama signed into cooperation agreement utilization of
pemanfaatan sebagian tanah Milik TNI AD di some of the land owned by TNI AD in Ahmad
Bandara International Ahmad Yani Semarang Yani International Airport for period of 30 (thirty)
dengan jangka waktu selama 30 (tiga puluh) years from the signing of the agreement. This
tahun terhitung sejak ditandatanganinya cooperation agreement has the sole purpose to
perjanjian. Perjanjian kerja sama ini mempunyai enable the development of facilities and
maksud dan tujuan melaksanakan infrastructure Ahmad Yani International Airport
pengembangan sarana dan prasarana Bandar in Semarang for civil aviation and military
Udara International Ahmad Yani Semarang aviation with the principles of the corporation.
untuk penerbangan sipil dan penerbangan
militer dengan prinsip prinsip korporasi.
Ruang lingkup kerjasama adalah : The scope of cooperation are :

a. Pemanfaatan tanah milik TNI AD seluas a. The utilization of land owned by TNI AD
885.500 m2 dimana tanah seluas 676.089 area of 885,500 m2 where the land of
m2 akan digunakan untuk areal 676,089 m2 will be used for airport
pengembangan bandar udara dan tanah development area and the land of 208,411
seluas 208.411 m2 akan digunakan untuk m2 will be used for recharge areas on the
areal resapan pada sisi utara areal north side of the airport development area.
pengembangan bandar udara.
b. Pembayaran kontribusi kepada negara b. Payment of contributions to the country by
oleh Perusahaan berupa kontribusi tetap the Company is in the form of fixed
dan pembagian keuntungan atas contributions and profit sharing on land
pemanfaatan lahan. use.
c. Aset yang diperoleh dari kerja sama c. Assets obtained from this utilization
pemanfaatan ini akan diserahkan oleh cooperation will be handed over by the
Perusahaan kepada TNI AD setelah Company to TNI AD after the agreement
perjanjian berakhir yang dituangkan dalam ends which is stated in the minutes of
berita acara serah terima. handover.
c) Perjanjian kerja sama pemanfaatan tanah milik c) Cooperation agreements utilization of land
Tentara Nasional Indonesia Angkatan Laut (TNI owned by Indonesian Navy (TNI AL) Juanda
AL) di Bandar Udara Internasional Juanda International Airport in Surabaya
Surabaya
Pada tanggal 13 Februari 2014, Perusahaan On February 13, 2014, the Company and TNI
dan TNI AL menandatangani perjanjian AL signed into cooperation agreement
kerjasama pemanfaatan tanah dan fasilitas utilization of and facilities owned by TNI AL in
milik TNI AL di Bandar Udara Internasional International Airport Juanda Surabaya for
Juanda Surabaya dengan jangka waktu selama period of 30 (thirty) years from the signing of the
30 (tiga puluh) tahun terhitung sejak agreement. This cooperation agreement
ditandatanganinya perjanjian. Perjanjian intended to carry out the development of
kerjasama ini bertujuan untuk melaksanakan Juanda International Airport for the benefit of
pengembangan Bandar Udara Internasional civil aviation and aviation Indonesian Navy.
Juanda Surabaya untuk kepentingan
penerbangan sipil maupun penerbangan TNI
AL.
137

c) Perjanjian kerja sama pemanfaatan tanah milik c) Cooperation agreements utilization of land
Tentara Nasional Indonesia Angkatan Laut owned by Indonesian Navy (TNI AL) Juanda
(TNI AL) di Bandar Udara Internasional Juanda International Airport in Surabaya (continued)
Surabaya (lanjutan)
Objek perjanjian kerjasama ini adalah tanah The object of this cooperation agreement is an
seluas 3.143.352 m2 beserta fasilitas di atasnya area of 3,143,352 m2 and the facilities on it
milik TNI AL yang akan dimanfaatkan oleh owned by TNI AL which will be utilized by the
Perusahaan. Company.
Sarana dan prasarana yang telah ada Facilities and infrastructure that have been
sebelumnya maupun dibangun oleh previously established or built by the Company
Perusahaan akan diserahkan kepada TNI AL. will be handed over to TNI AL. The Company is
Perusahaan diwajibkan melaksanakan required to pay fixed contribution and profit
pembayaran kontribusi tetap dan pembagian sharing from land use and its facilities from the
keuntungan atas pemanfaatan tanah beserta results of the construction and development of
fasilitasnya dari hasil pembangunan dan Airport Terminal 2.
pengembangan Terminal 2 Bandara.
d) Perjanjian jasa kontruksi bandara baru di Kulon d) Construction service agreements of new airport
Progo at Kulon Progo
Pada tanggal 21 Agustus 2018, Perusahaan On August 21, 2018, the Company and PP KSO
dan PP KSO menandatangani perjanjian signed service agreement No. PJKP-18003169
pengadaan jasa No. PJKP-18003169 untuk to construct infrastructure of new airport at Kulon
melakukan pembangunan infrastruktur bandara Progo with contract value of Rp6,138,506,000
baru di Kulon Progo dengan nilai kontrak (include VAT). The term of the agreement is 730
sebesar Rp6.138.506.000 (termasuk PPN). days since July 16, 2018 until July 14, 2020. PP
Jangka waktu perjanjian selama 730 hari KSO also obliged to complete minimum
terhitung sejak diterbitkannya 16 Juli 2018 operation on April 30, 2019. As of December 31,
sampai dengan 14 Juli 2020. PP KSO juga 2019, the percentage of completion of the
diwajibkan menyelesaikan minimum operasi construction has reached 88.43% from total
pada tanggal 30 April 2019. Pada tanggal construction.
31 Desember 2019, persentase penyelesaian
atas pengerjaan konstruksi tersebut telah
mencapai 88,43% dari keseluruhan pekerjaan.
e) Perjanjian jasa kontruksi gedung terminal dan e) Construction service agreements of terminal
fasilitas penunjang Bandara Syamsudin Noor building and supporting facilities at Syamsudin
Noor Airport
Pada tanggal 7 Mei 2018, Perusahaan dan PP- On May 7, 2018, the Company and PP-WIKA
WIKA Gedung KSO menandatangani perjanjian Gedung KSO signed construction service
pengadaan jasa No. PJKP-18002942 untuk agreement No. PJKP-18002942 to construct
melakukan pembangunan gedung terminal dan terminal building and supporting facilities
fasilitas penunjangnya (Paket 1) Bandara (Package 1) Syamsudin Noor Airpot-
Syamsudin Noor-Banjarmasin dengan nilai Banjarmasin with contract value of
kontrak sebesar Rp1.173.113.700 (nilai Rp1,173,113,700 (include VAT). The term of the
termasuk PPN). Jangka waktu perjanjian agreement is 540 days started on May 7, 2018
selama 540 hari terhitung sejak diterbitkannya 7 until October 28, 2019. As of
Mei 2018 sampai dengan 28 Oktober 2019. December 31, 2019, the percentage of
Pada tanggal 31 Desember 2019, persentase completion of the construction has reached
penyelesaian atas pengerjaan konstruksi 100% from total construction.
tersebut telah mencapai 100% dari keseluruhan
pekerjaan.
138

f) Perjanjian jasa kontruksi gedung terminal dan f) Construction service agreements of terminal
fasilitas penunjang Bandara Surabaya building and supporting facilities at Juanda
Internasional Juanda International Airport Surabaya
Pada tanggal 4 Juli 2019, Perusahaan dan On July 4, 2019, the Company and
PT Waskita Karya (Persero) Tbk. PT Waskita Karya (Persero) Tbk. signed
menandatangani perjanjian pengadaan jasa construction service agreement No. PJKP-
No. PJKP-19003930 untuk melakukan 19003930 to expand and revamp terminal
perluasan dan pembenahan interior gedung building and its supporting facilities of Juanda
terminal 1 dan fasilitas penunjangnya di International Airport Surabaya with contract
Bandara Internasional Juanda Surabaya value of Rp685,500,000 (include VAT). The term
dengan nilai kontrak sebesar Rp685.500.000 of the agreement is 420 days started on July 4,
(nilai termasuk PPN). Jangka waktu perjanjian 2019 until August 26, 2020. As of December 31,
selama 420 hari terhitung sejak 4 Juli 2019 2019, the percentage of completion of the
sampai dengan 26 Agustus 2020. Pada tanggal construction has reached 49.78% from total
31 Desember 2019, persentase penyelesaian construction.
atas pengerjaan konstruksi tersebut telah
mencapai 49,78% dari keseluruhan pekerjaan.
g) Perjanjian jasa kontruksi gedung terminal dan g) Construction service agreements of terminal
fasilitas penunjang Bandara Internasional I building and supporting facilities at I Gusti
Gusti Ngurah Rai Denpasar. Ngurah Rai International Airport Denpasar.
Perusahan mengadaan perjanjian dengan The Company entered into agreements with
berbagai kontraktor untuk pekerjaan konstruksi various contractors for construction work at
di Bandara Internasional I Gusti Ngurah Rai I Gusti Ngurah Rai International Airport
Denpasar dengan rincian sebagai beikut: Denpasar with the following details:
Nama Kontraktor/ Nilai Kontrak Jangka Waktu Pekerjaan/

Contractor Name (termasuk PPN)/ Pekerjaan/ Works
Contract Amount Contract Term
(include VAT)
PT PP (Persero) 1.497.500.000.000 344 hari/days (14 Desain dan pembangunan
Tbk Maret/March 2018 - apron sisi barat
21 Februari/February
2019)
PT Virama Karya 179.001.790.000 268 hari/days (24 Desain dan pembangunan
(Persero) Januari/January 2018 apron sisi timur dan Sewage
- 19 Oktober/October Treatment Plant (STP)
2018)
PT Amarta Karya 49.674.979.200 269 hari/days (21 Design & Build pekerjaan
(Persero) Februari/February gedung VVIP, Base ops TNI
2018 - 17 dan Penggantian Line
November/November Maintenance Airlines di
2018) Bandara Udara
PT Angkasa Pura 117.879.833.500 329 hari/days (5 Perencanaan dan pembuatan
Properti Maret/March 2018 - perluasan lantai 2 counter
28 Januari/January check in penumpang di
2019) terminal internasional Bandar
Udara Internasional Denpasar
139

h) Perjanjian jasa kontruksi gedung terminal dan h) Construction service agreements of terminal
fasilitas penunjang Bandara Internasional building and supporting facilities at Sultan
Sultan Hasanuddin Makassar. Hasanuddin International Airport Makassar.
Pada tanggal 19 Maret 2019, Perusahaan dan On March 19, 2019, the Company and
PT Wijaya Karya (Persero) Tbk. PT Wijaya Karya (Persero) Tbk. signed
menandatangani perjanjian pengadaan jasa construction service agreement No. PJKP-
No. PJKP-19003608 untuk melakukan 19003608 to construct and develop terminal
konstruksi dan pengembangan gedung terminal building and its supporting facilities of Sultan
dan fasilitas penunjangnya di Bandara Sultan Hasanuddin Airport Makassar with contract
Hasanuddin Makassar dengan nilai kontrak value of Rp2,666,418,700 (include VAT). The
sebesar Rp2.666.418.700 (nilai termasuk term of the agreement is started on February 27,
PPN). Jangka waktu perjanjian terhitung sejak 2019 until May 11, 2021. As of December 31,
27 Februari 2019 sampai dengan 11 Mei 2021. 2019, the percentage of completion of the
Pada tanggal 31 Desember 2019, persentase construction has reached 35,06% from total
penyelesaian atas pengerjaan konstruksi construction.
tersebut telah mencapai 35.06% dari
keseluruhan pekerjaan.
i) Perjanjian dengan Pihak Berelasi i) Agreements with Related Parties
1. Perjanjian kerjasama tentang bangun guna 1. Cooperation agreement on build operation

serah (BOT) atas tanah seluas 12.000 m² transfer (BOT) on land covering an area of
di Sunset Road Bali antara Perusahaan 12,000 m² in Sunset Road Bali between
dengan APP the Company and APP
Pada tanggal 19 September 2012, On September 19, 2012, the Company and
Perusahaan dan APP menandatangani APP signed into cooperation agreement
perjanjian kerjasama No.SP/96.HK.06.03/ No.SP/96.HK.06.03/2012/DU and No.
2012/DU dan No. APP.001/PKS/2012/DU APP.001/PKS/2012/DU regarding the use
tentang bangun serah guna (BOT) atas of building (BOT) on land of 12,000 m2 on
tanah seluas 12.000 m2 di Sunset Road Sunset Road Bali where the Company's
Bali dimana tanah milik Perusahaan akan land will be handed over to APP to build
diserahkan kepada APP untuk dibangun condotels and supporting facilities which
kondotel dan fasilitas penunjang yang managed by APP. The period of the
selanjutnya dikelola dan diusahakan oleh cooperation agreement is 32 (thirty two)
APP. Jangka waktu perjanjian kerjasama years with 6 (six) months of preparation
adalah 32 (tiga puluh dua) tahun dengan with the compensation to be received by
6 (enam) bulan persiapan dengan the Company amounting to Rp39,168,000.
kompensasi yang akan diterima
Perusahaan adalah sebesar
Rp39.168.000.
dan APP. the Company and APP.
Pada tanggal 4 Agustus 2014, Perusahaan On August 4, 2014, the Company and APP
dan APP menandatangani perjanjian signed into cooperation agreement No.
kerjasama No. SP.187/KB.03.02/2014/PD SP.187/KB.03.02/ 2014/PD and
dan No. APP. 001/PKS/2014/DU tentang No. APP. 001/PKS/2014/DU regarding the
bangun serah guna (BOT) atas tanah use of building (BOT) on area of 16,386 m2
seluas 16.386 m 2 di Sunset Road Bali on Sunset Road Bali where the Company's
dimana tanah milik Perusahaan akan land will be handed over to APP to build
diserahkan kepada APP untuk dibangun condotel, vilatel, commercial areas and
kondotel, vilatel, area komersial dan supporting facilities which are managed by
fasilitas penunjang yang selanjutnya APP.
dikelola dan diusahakan oleh APP.
140


i) Perjanjian dengan Pihak Berelasi (lanjutan) i) Agreements with Related Parties (continued)
dan APP (lanjutan). the Company and APP (continued).
Jangka waktu perjanjian kerjasama The term of this agreement is 32 (thirty
adalah 32 (tiga puluh dua) tahun dengan two) years with six (6) months from the
6 (enam) bulan persiapan sejak tanggal date of preparation of August 4, 2014.
4 Agustus 2014. Kompensasi yang akan Compensation for the Company amounted
diterima Perusahaan adalah sebesar Rp54,000,000.
Rp54.000.000.
j) Perjanjian jasa manajemen untuk j) Management services agreement for

pengembangan komersial dan operasional commercial and operation development with PT
bandara dengan PT GVK Services Indonesia GVK Services Indonesia
Pada tanggal 1 November 2012, Perusahaan On November 1, 2012, the Company and
dan PT GVK Services Indonesia (GVK) PT GVK Services Indonesia (GVK) entered into
menandatangani perjanjian. Dalam perjanjian agreement. Based on agreement, GVK will
tersebut, GVK akan memberikan jasa provide management services for commercial
manajemen untuk pengembangan komersial and operation development in
dan operasional Bandara Internasional I Gusti I Gusti Ngurah Rai Bali International Airport. In
Ngurah Rai Bali. Atas jasa yang diberikan GVK relation with services given by GVK, GVK will
tersebut, GVK akan memperoleh imbalan receive certain compensation as stated in
tertentu sebagaimana ditetapkan dalam agreement. The agreement has been amended
perjanjian. Perjanjian ini telah diamandemen to be effective for 5 years and ended on
sehingga berlaku selama 5 tahun dan telah November 30, 2017.
berakhir pada tanggal 30 November 2017.
k) Perjanjian Kerjasama Pemanfaatan Bandara k) Cooperation Agreement of Utilization of Sentani
Sentani Airport
Pada tanggal 13 Oktober 2019, Perusahaan On October 13, 2019, the Company and
dan Direktorat Jenderal Perhubungan Udara Directorate General of Civil Aviation Ministry of
Kementerian Perhubungan Republik Indonesia Transportation Republic Indonesia (Dephub)
(Dephub) menandatangani Perjanjian Kerja signed Cooperation Agreement of State
Sama Pemanfaatan (KSP) Barang Milik Negara Property Utilization of Main Class I Sentani
Pada Bandar Udara Kelas I Utama Sentani Airport Jayapura
Jayapura No. HK.201/0027/KUM/BRJU/X/2019 No. HK.201/0027/KUM/BRJU/X/2019 and
dan SP.314/HK.09.01/2019/DU. Perjajian ini SP.314/HK.09.01/2019/DU. This agreement is
berlaku selama 30 tahun sejak effective for 30 years from signing date of the
ditandatanganinya perjanjian. agreement.
Ruang lingkup kerjasama tersebut adalah Scopes of the cooperation are as follows:
sebagai berikut:
- Mengelola dan melakukan optimalisasi - Manage and optimize provision and
penyediaan dan pengembangan Bandar development of Sentani Airport Jayapura as
Udara Sentani Jayapura sehingga the result increase its role in developing the
meningkatkan perannya dalam mendukung economy activities.
kegiatan perekonomian.
- Memberikan kontribusi tetap (Catatan 9) - Provide permanent contribution (Note 9)
dan pembagian keuntungan atas and profit sharing for management of
pengelolaan Bandar Udara Sentani Sentani Airport Jayapura as non-tax state
Jayapura sebagai Penerimaan Negara revenue (PNBP).
Bukan Pajak (PNBP)
- Penyerahan hasil pengembangan, - Hand over of the result of the development,
pembangunan dan penambahan fasilitas construction and addition facilities of
Bandar Udara Sentani Jayapura dari Sentani Airport Jayapura from the Company
Perusahaan kepada Dephub. to Dephub.
141

43. KONTINGENSI 43. CONTINGENCIES
a) PT Bank Negara Indonesia Syariah (BNI a) PT Bank Negara Indonesia Syariah (BNI
Syariah) Syariah)
Perusahaan menerima gugatan perdata dari The Company received civil suit from BNI
BNI Syariah dengan nilai gugatan sebesar Syariah with with a claim value of
Rp85.334.939 terkait pembayaran kepada Rp85,334,939 regarding payment to PT Slipi
PT Slipi Raya Utama yang tidak melalui Raya Utama which is not through BNI Syariah’s
rekening BNI Syariah sehubungan dengan account in connection with the construction of a
pekerjaan pembangunan terminal penumpang passenger terminal and its supporting facilities
dan fasilitas penunjangnya di Bandara at Lombok International Airport.
Internasional Lombok.
Berdasarkan Putusan No. Based on Decision No. 315/PDT/2015/

315/PDT/2015/PTDKI.jo.No.556/PDT.G/2013/ PTDKI.jo.No.556/PDT.G/2013/PN.JKT.PST
PN. JKT.PST dan Putusan Nomor and Decision No. 315/PDT/2015/PT DKI, the
315/PDT/2015/PT DKI, Pengadilan Negeri Central Jakarta District Court and the Jakarta
Jakarta Pusat dan Pengadilan Tinggi Jakarta High Court granted a lawsuit from BNI Syariah
mengabulkan gugatan dari BNI Syariah dan and sentenced the Company to impose a
menghukum Perusahaan untuk melaksanakan performance of Rp2,491,890. As a result of this
prestasinya sebesar Rp2.491.890. Atas decision, the Company requested cassation on
putusan tersebut, Perusahaan mengajukan January 26, 2016.
permohonan kasasi tanggal 26 Januari 2016.
Pada tanggal 31 Desember 2017, Perusahaan On December 2017, the Company has
telah membukukan pencadangan biaya recorded accrued expense amounted to
sebesar Rp87.826.828 pada akun beban Rp87,826,828 on accrued expense.
akrual.
Pada tahun 2018, Perusahaan menerima In 2018, the Company received the Supreme
Putusan Mahkamah Agung Nomor 1461 Court's Decision No. 1461 K/Pdt/2017 dated
K/Pdt/2017 tangal 27 September 2017 dimana September 27, 2017 where the Company
Perusahaan dihukum untuk melaksanakan supported its performance of Rp2,491,890. On
prestasinya sebesar Rp2.491.890. Atas hal December 31, 2018, the Company has
tersebut, pada tanggal 31 Desember 2018, recorded income amounted to Rp85,334,939
Perusahaan telah membukukan pendapatan as other income (Note 34).
sebesar Rp85.334.939 pada akun penghasilan
lain-lain (Catatan 34).
b) PT Sepinggan Sarana Utama (SSU) b) PT Sepinggan Sarana Utama (SSU)
PT Sepinggan Sarana Utama (SSU) PT Sepinggan Sarana Utama (SSU) submitted

mengajukan permohonan arbitrase kepada an arbitration request to the Indonesian
Badan Arbitrase Nasional Indonesia (BANI) National Arbitration Board (BANI) where the
dimana SSU menyatakan bahwa Perusahaan SSU stated that the Company has defaulted the
telah melakukan tindakan ingkar janji atas cooperation agreement for the construction and
perjanjian kerjasama pembangunan dan operation of transit hotel at Balikpapan
pengusahaan hotel transit di Bandar Udara Sepinggan Airport. On July 5, 2018, the
Sepinggan Balikpapan. Pada tanggal Company received Case Verdict
5 Juli 2018, Perusahaan menerima Putusan No. 982/X/ARB-BANI/2017 from BANI where
Perkara No. 982/X/ARB-BANI/2017 dari BANI the Company was ordered to pay
dimana Perusahaan diperintahkan untuk compensation for investments made by SSU
membayar ganti rugi atas investasi yang sudah and return the guarantee deposit to the SSU
dilakukan SSU dan mengembalikan uang amounting to Rp104,793,567 and
jaminan kesungguhan kepada SSU masing- Rp3,750,000, respectively.
masing sebesar Rp104.793.567 dan
Rp3.750.000.
142

43. KONTINGENSI (lanjutan) 43. CONTINGENCIES (continued)
b) PT Sepinggan Sarana Utama (SSU) (lanjutan) b) PT Sepinggan Sarana Utama (SSU)(continued)
Perusahaan menyampaikan surat permohonan The Company submitted an application letter to

kepada Ketua Pengadilan Jakarta Pusat yang the Chairman of the Central Jakarta Court
diterima Pengadilan Negeri Jakarta Pusat pada received by the Central Jakarta District Court
tanggal 23 Oktober 2018 yang menyatakan on October 23, 2018 which stated, among
antara lain: others:
1. Putusan arbitrase melanggar ketertiban 1. The arbitration award violates public order
umum karena mengabaikan laporan hasil because it ignores the report on the results
audit investigatif Badan Pengawas of the investigative audit of the Financial
Keuangan dan Pembangunan. and Development Supervisory Agency.
2. Berdasarkan risalah rapat tanggal 2. Based on the minutes of the meeting dated
16 Agustus 2018 dengan SSU, SSU tidak August 16, 2018 with the SSU, SSU does
keberatan apabila ganti rugi dihitung not object if compensation is calculated
dengan kewajiban-kewajibannya. with its obligations.
3. SSU setuju nilai ganti rugi dikurangi 3. SSU agrees to the compensation value
dengan pembayaran atas koridor reduced by payment for the connecting
penghubung. corridor.
4. SSU masih memliki kewajiban 4. SSU still has the obligation to pay land
pembayaran sewa tanah dan konsesi leases and concessions to the defendant.
kepada termohon eksekusi. 5. SSU is obliged to hand over the land
5. SSU berkewajiban menyerahkan tanah owned by the Company and the transit
milik Perusahaan dan hotel transit menjadi hotel to belong to the Company.
milik Perusahaan.
Perusahaan menyampaikan surat permohonan The Company submitted a letter of application

kembali kepada Ketua Pengadilan Jakarta back to the Chairman of the Central Jakarta
Pusat yang diterima Pengadilan Negeri Jakarta Court received by the Central Jakarta District
Pusat pada tanggal 6 November 2018 yang Court on November 6, 2018 stating, among
menyatakan antara lain: others:
1. SSU setuju nilai ganti rugi dikurangi 1. SSU agrees the compensation value is
dengan pembayaran atas bangunan reduced by paying for the connecting
koridor penghubung yang menjadi bagian corridor building that is part of the transit
dari hotel transit. hotel.
2. SSU masih memiliki kewajiban 2. SSU still has the obligation to pay land
pembayaran sewa tanah dan konsesi leases and concessions to the defendant.
kepada termohon eksekusi.
3. Perlu dilakukan penilaian ulang atas nilai 3. It is necessary to re-evaluate the value of
aset hotel tersebut. the hotel assets.
Pada tanggal 15 Mei 2019, Perusahaan dan On May 15, 2019, the Company and SSU
SSU menandatangani surat perdamaian signed an amicable letter where SSU agreed to
dimana SSU sepakat untuk menyerahkan tanah hand over the land and hotel building to the
berikut bangunan hotel ke Perusahaan dan Company and the Company will make payment
Perusahaan membayar sebesar Rp86,7 miliar. of Rp86.7 billion. On May 16, 2019, the
Pada tanggal 16 Mei 2019, Perusahaan telah Company has paid the stated amount to the
melakukan pembayaran sejumlah tersebut SSU.
kepada SSU.
143

44. INFORMASI PENTING LAINNYA 44. OTHER IMPORTANT INFORMATION
PT Angkasa Pura I (Persero) Bandara Internasional PT Angkasa Pura I (Persero) International Airport
Juanda - Surabaya mencatat aset tanah sesuai Juanda - Surabaya recorded land assets in
dengan Surat Keputusan Bersama (SKB) Menteri accordance with the Joint Decree (SKB) The
Pertahanan Keamanan/Panglima Angkatan Minister of Defence Security/Commander of the
Bersenjata, Menteri Perhubungan dan Menteri Armed Forces, Minister of Transportation and
Keuangan No.: KEP- 23/X/1981; Minister of Finance No.KEP-23/X/1981;
661/KMK.011/1981; KM.217/AU.106/ Pbb. 81 661/KMK.011/1981; KM.217/AU.106/ Pbb.81 dated
tanggal 28 Oktober 1981 tentang Pengalihan October 28, 1981 regarding the Transfer of
Pengelolaan Penerbangan Sipil di Pangkalan Udara Management of Civil Aviation in the Navy Air Base
TNI Angkatan Laut (TNI AL) Juanda dari Juanda from the Department of Defense and
Departemen Pertahanan dan Keamanan kepada Security to the Department of Transportation and
Departemen Perhubungan dan Peraturan Government Regulation No.30 of 1984 dated
Pemerintah No. 30 Tahun 1984 tanggal September 19, 1984 in which the wealth of the
19 September 1984 dimana kekayaan negara pada country in Juanda International Airport has been
Bandara Internasional Juanda telah dipisahkan dan separated and become additional government
menjadi tambahan modal pemerintah pada capital in the Public Company Angkasa Pura I .
Perusahaan Umum Angkasa Pura I.
Tanah pada areal Bandara Internasional Juanda Land at the Juanda International Airport area
yang dikuasai oleh PT Angkasa Pura I (Persero) controlled by PT Angkasa Pura I (Persero) Juanda
Cabang Juanda Surabaya tersebut juga diklaim oleh Branch Surabaya also claimed by Indonesian
TNI AL RI sebagai tanah miliknya. National Army-Navy as their land.
Upaya proses penyelesaian kepemilikan tanah The effort of settlement process of land ownership
tersebut di atas antara PT Angkasa Pura I (Persero) between PT Angkasa Pura I (Pesero) and the
dan TNI AL telah beberapa kali dilakukan namun Indonesian National Army - Navy was arranged
belum terdapat kesepakatan penyelesaian sampai several times, however there is no agreement to
dengan tanggal penyelesaian laporan keuangan resolve until the date of completion of the
konsolidasian. consolidated financial statements.
45. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN 45. FINANCIAL RISK MANAGEMENT OBJECTIVE
KEUANGAN AND POLICIES
MANAJEMEN RISIKO RISK MANAGEMENT

Liabilitas keuangan pokok Kelompok Usaha terdiri The principal financial liabilities of the Group consist
dari utang usaha, utang lain-lain, beban akrual, of trade payables, other payables, accrued
liabilitas imbalan kerja jangka pendek, utang bank, expenses, short-term employee benefit liabilities,
utang obligasi, utang jangka panjang lainnya dan bank loans, bonds payable, other non-current
utang jaminan pelanggan. Tujuan utama dari payables and customer deposits. The main purpose
liabilitas keuangan tersebut adalah untuk of these financial liabilities is to raise funds for the
mengumpulkan dana untuk operasi Kelompok operations of the Group. The Group also has various
Usaha. Kelompok Usaha juga memiliki berbagai financial assets such as cash and cash equivalents,
aset keuangan seperti kas dan setara kas, piutang trade receivables, other receivables, accrued
usaha, piutang lain-lain, pendapatan yang masih revenues, available-for-sale financial assets and
harus diterima, aset keuangan tersedia untuk dijual other non-current assets which arise directly from its
dan aset tidak lancar lain-lain yang timbul secara operations.
langsung dari kegiatan usahanya.
Kegiatan Kelompok Usaha mencakup aktivitas The Group’s activities involve taking on risks in a
pengambilan risiko dengan sasaran tertentu dengan targeted manner and managing them professionally.
pengelolaan yang profesional. Fungsi Utama dari The main functions of the Group’s risk management
manajemen risiko Kelompok Usaha adalah untuk are to identify all key risks for the Group, measure
mengidentifikasi seluruh risiko kunci, mengukur these risks and manage the risk positions. The
risiko-risiko ini dan mengelola posisi risiko. Group regularly reviews its risk management
Kelompok Usaha secara rutin menelaah kebijakan policies and systems to reflect changes in markets
dan sistem manajemen risiko untuk menyesuaikan and best practices.
dengan perubahan di pasar dan praktik pasar
terbaik.
144

KEUANGAN (lanjutan) AND POLICIES (continued)
MANAJEMEN RISIKO (lanjutan) RISK MANAGEMENT (continued)
Tujuan Kelompok Usaha dalam mengelola risiko The Group’s aim in managing the financial risks is to
keuangan adalah untuk mencapai keseimbangan achieve an appropriate balance between risk and
yang sesuai antara risiko dan tingkat pengembalian return, and minimize potential adverse effects on the
dan meminimalisasi potensi efek memburuknya Group’s financial performance.
kinerja keuangan Kelompok Usaha.
Kelompok Usaha mendefinisikan risiko keuangan The Group defines financial risk as the possibility of
sebagai kemungkinan kerugian atau laba yang losses or profits foregone, which may be caused by
hilang, yang disebabkan oleh faktor internal dan internal or external factors which might have
eksternal yang berpotensi negatif terhadap negative potential impact to the achievement of the
pencapaian tujuan Kelompok Usaha. Group’s objectives.
Direksi menyediakan kebijakan tertulis manajemen The Directors provide written policies for overall risk
risiko secara keseluruhan termasuk kebijakan tertulis management, as well as written policies covering
untuk area khusus seperti risiko mata uang asing, specific areas, such as foreign currency risk, interest
risiko tingkat bunga, risiko kredit dan risiko likuiditas rate risk, credit risk and liquidity risk of financial
instrumen keuangan. Masing-masing unit usaha instruments. Each business unit carries out the risk
melaksanakan manajemen risiko berdasarkan management based on the written policies approved
kebijakan - kebijakan yang disetujui oleh Direksi. Biro by the Board of Directors. Risk Management and
Manajemen Risiko dan Kepatuhan (“BMRK”) Compliance Bureau monitors the risk management
memonitor pelaksanaan manajemen risiko yang carried out by the Group.
dilaksanakan oleh Kelompok Usaha.
Risiko signifikan yang berasal dari instrumen The significant risks arising from financial
keuangan Kelompok Usaha diantaranya adalah instruments to which the Group is exposed are
risiko tingkat suku bunga, risiko kredit dan risiko interest rate risk, credit risk and liquidity0risk.
likuiditas.
a. Risiko suku bunga a. Interest rate risk
Risiko tingkat suku bunga adalah risiko dimana Interest rate risk is the risk that the fair value or
nilai wajar atau arus kas masa datang dari future cash flows of a financial instrument will
suatu instrumen keuangan akan berfluktuasi fluctuate because of changes in market interest
akibat perubahan suku bunga pasar. rates.
Perusahaan memiliki eksposur terhadap risiko The Company is exposed to the risk of changes
perubahan suku bunga pasar yang berkaitan in market interest rates related to cash and cash
dengan kas dan setara kas, investasi jangka equivalents, short-term investment and bank
pendek dan utang bank. loans.
Saat ini, Perusahaan belum memiliki kebijakan Currently, the Company does not yet have a
formal untuk lindung nilai risiko tingkat suku formal policy to hedge interest rate risk.
bunga.
Pergerakan tingkat suku bunga diawasi untuk Interest rate movements are monitored to
meminimalisasi dampak negatif terhadap posisi minimize any negative impact on the
keuangan Perusahaan. Pinjaman dalam Company’s financial position. Borrowings at
berbagai tingkat suku bunga menyebabkan different interest rates caused the Company
Perusahaan terekspos risiko tingkat bunga. exposed to interest rate risk. To measure the
Untuk mengukur risiko pasar atas pergerakan market risk of interest rate movements, the
suku bunga, Perusahaan melakukan analisis Company conducts analysis on interest margin
pada pergerakan marjin tingkat bunga dan profil and the maturity profile of financial assets and
jatuh tempo aset dan liabilitas keuangan liabilities based on schedule of changes in
berdasarkan jadwal perubahan suku bunga. interest rates.
145

a. Risiko suku bunga (lanjutan) a. Interest rate risk (continued)

Perusahaan menghadapi risiko tingkat suku The Company is exposed to the interest rate
bunga atas penarikan pinjaman bank jangka risk for the interest-bearing loans drawdowns
panjang dan obligasi masing-masing sebesar from long-term bank loan and bonds totalling
Rp19.763.184.044 dan Rp6.327.995.013 pada Rp19,763,184,044 and Rp6,327,995,013 as of
tanggal 31 Desember 2019 dan 2018. December 31, 2019 and 2018, respectively.
Pada tanggal 31 Desember 2019 dan 2018, jika As of December 31, 2019 and 2018, if interest
tingkat bunga atas pinjaman lebih tinggi/rendah rates on Rupiah-denominated borrowings had
1% dan variabel lain dianggap tetap, laba been 1% higher/lower with all other variables
setelah pajak untuk tahun berjalan akan lebih held constant, profit after tax for the year would
rendah/tinggi masing-masing sebesar have been Rp88,142,103 and Rp23,841,609
Rp88.142.103 dan Rp23.841.609, terutama lower/higher, respectively, mainly as a result of
sebagai akibat tingginya/rendahnya beban higher/lower interest expense on floating rate
bunga dari pinjaman dengan suku bunga borrowings.
mengambang.
b. Risiko kredit b. Credit risk

Risiko kredit adalah risiko bahwa Kelompok Credit risk is the risk that the Group will incur a
Usaha akan mengalami kerugian yang timbul loss arising from its customers’ or
dari pelanggan atau counterparty yang gagal counterparties’ failure to fulfill their contractual
memenuhi kewajiban kontraktual mereka. obligations. Credit risk arises mainly from trade
Risiko kredit terutama berasal dari piutang receivables from customers relating to
usaha dari para pelanggan sehubungan operating revenues of airport services and its
dengan pendapatan usaha pelayanan jasa related services.
kebandarudaraan dan jasa terkaitnya.
Kelompok Usaha terekspos risiko kredit The Group is exposed to credit risk mainly from
terutama dari piutang usaha dan piutang lain- trade receivables and other receivables. Credit
lain. Risiko kredit dikendalikan dengan risk is controlled by the continuous monitoring
pengawasan terus menerus atas saldo dan and billing accounts receivable balances and
penagihan piutang usaha dan piutang lain-lain. other receivables.
Tabel di bawah ini menunjukkan risiko kredit The table below shows the maximum exposure
maksimum untuk komponen-komponen dari to credit risk on the components of the
laporan posisi keuangan konsolidasian pada consolidated statement of financial position as
tanggal 31 Desember 2019 dan 2018: of December 31, 2019 and 2018:
31 Desember 2019/December 31, 2019
< 1 tahun/ 1-2 tahun/ > 3 tahun/ Total/

< 1 year 1-2 years > 3 years Total
Piutang usaha 482.468.952 42.918.765 2.379.410 527.767.127 Trade receivables

Piutang lain-lain 80.344.191 - - 80.344.191 Other receivables
Pendapatan yang masih
harus diterima 291.022.438 - - 291.022.438 Accrued revenue
Total 853.835.581 42.918.765 2.379.410 899.133.756 Total
< 1 tahun/ 1-2 tahun/ > 3 tahun/ Total/

< 1 year 1-2 years > 3 years Total
Piutang usaha 509.909.222 - - 509.909.222 Trade receivables

Piutang lain-lain 39.711.686 - - 39.711.686 Other receivables
Pendapatan yang masih
harus diterima 298.444.329 - - 298.444.329 Accrued revenue
Total 848.065.237 - - 848.065.237 Total
146

c. Risiko likuiditas c. Liquidity risk
Risiko likuiditas adalah risiko dimana entitas Liquidity risk is the risk that the entity will have
akan mengalami kesulitan dalam memperoleh difficulty in obtaining funds to meet short-term
dana untuk memenuhi komitmen jangka commitments associated with financial
pendek terkait dengan instrumen keuangan. instruments.
Mengingat bahwa Perusahaan pada saat ini Currently the Company conducting business
sedang melakukan pengembangan bandara, development by establishing airport, increase
peningkatan kapasitas dan pelayanan serta the capacity of airport facilities and services as
fasilitas kebandarudaraan kearah bandara well as to the international standard airport .
bertaraf International. Kegiatan Perusahaan The Company's activities require funding of
tersebut membutuhkan sumber dana arus kas future cash flows are quite significant, then to
masa depan yang cukup signifikan, maka manage the liquidity of the Company constantly
dalam mengelola likuiditas Perusahaan selalu monitors the flow of cash and cash equivalents
memantau arus kas dan setara kas agar to be sufficient to finance routine operations.
memadai untuk membiayai operasional rutin.
Perusahaan mengelola risiko likuiditas dengan The Company manages liquidity risk by
mempertahankan kas dan setara kas yang maintaining sufficient cash and cash
mencukupi untuk memungkinkan Perusahaan equivalents to allow the Company fulfill short
memenuhi komitmen jangka pendek dan term commitments and normal operation. The
operasi normal. Selain itu Perusahaan juga Company is also supervise the cash flow
melakukan pengawasan terhadap proyeksi projections actually to evaluate the assets and
arus kas secara aktual dengan melakukan matured financial liabilities.
evaluasi terhadap aset dan liabilitas keuangan
yang telah jatuh tempo.
46. NILAI WAJAR 46. FAIR VALUE
Tabel berikut menyajikan nilai tercatat, yang juga The following table sets out the carrying values,
merefleksikan nilai wajarnya, dari instrumen which also reflects the estimated fair values, of the
keuangan Kelompok Usaha: Group’s financial instruments:

Aset keuangan Financial assets

Lancar Current
Pinjaman yang diberikan dan piutang Loans and receivables
Investasi jangka pendek 665.862.312 478.106.781 Short-term investment
Piutang usaha 527.767.127 509.909.222 Trade receivables
Piutang lain-lain 80.344.191 39.711.686 Other receivables
Pendapatan yang masih harus
diterima 291.022.438 298.444.329 Accrued revenues
Tidak lancar Non-current
Investasi jangka panjang 109.819.185 13.361.105 Long-term investment
Total 7.185.718.845 4.488.646.923 Total
147

46. NILAI WAJAR (lanjutan) 46. FAIR VALUE (continued)

Tabel berikut menyajikan nilai tercatat, yang juga The following table sets out the carrying values,
merefleksikan nilai wajarnya, dari instrumen which also reflects the estimated fair values, of the
keuangan Kelompok Usaha: (lanjutan) Group’s financial instruments: (continued)


Lancar Current
Liabilitas keuangan yang diukur
dengan biaya perolehan Financial liabilities measured
diamortisasi at amortized cost
Utang usaha 314.867.383 689.340.867 Trade payables
Utang lain-lain 3.292.812.136 3.797.799.960 Other payables
Beban akrual 1.322.288.034 1.539.721.088 Accrued expenses
Utang bank jangka pendek 158.010.670 105.631.070 Short-term bank loans
Bagian jangka pendek pinjaman Current maturities of
jangka panjang 538.975.837 941.998.089 long-term bank loans
Utang bank jangka panjang 16.724.208.207 5.385.996.924 Long-term bank loans
Utang obligasi dan sukuk ijarah 2.994.896.323 2.993.700.828 Bonds payable and sukuk ijarah
Utang jangka panjang lainnya 388.971.461 170.528.854 Other long-term liabilities
Total 25.735.030.051 15.624.717.680 Total
Detail dari liabilitas keuangan Kelompok Usaha The details of the Group’s financial liabilities in their
dalam nilai tercatat dan nilai wajarnya adalah: carrying value and fair value are:
Nilai tercatat/ Nilai wajar/

Carrying value Fair value

Bonds payables and
Utang obligasi dan sukuk ijarah 3.000.000.000 2.994.896.323 sukuk ijarah
Nilai tercatat/ Nilai wajar/

Carrying value Fair value

Bonds payables and
Utang obligasi dan sukuk ijarah 3.000.000.000 2.993.700.828 sukuk ijarah
148

46. NILAI WAJAR (lanjutan) 46. FAIR VALUE (continued)
Selain instrumen keuangan yang dijabarkan di atas, Other than the financial instruments described
Kelompok Usaha tidak memiliki aset dan/atau above, the Group does not have any other assets or
kewajiban lain yang dicatat pada nilai wajarnya. liabilities that are recorded at their fair values. Thus,
Oleh karena itu, Kelompok Usaha tidak the Group does not disclose the fair value hierarchy
mengungkapkan hirarki nilai wajar sebagaimana as required in PSAK No. 68, “Fair Value
disyaratkan dalam PSAK No. 68, “Pengukuran Nilai Measurement”.
Wajar”.
Nilai wajar didefinisikan sebagai jumlah dimana Fair value is defined as the amount at which an
instrumen tersebut dapat dipertukarkan di dalam instrument could be exchanged in a current arm’s
transaksi terkini antara pihak yang berkeinginan dan length transaction between knowledgeable willing
memiliki pengetahuan yang memadai melalui suatu parties, other than in a forced or liquidation sale.
transaksi yang wajar, bukan dalam penjualan yang
dipaksakan atau penjualan likuidasi.
Metode-metode dan asumsi-asumsi di bawah ini The following methods and assumptions were used
digunakan untuk mengestimasi nilai wajar untuk to estimate the fair value of each class of financial
masing-masing kelas instrumen keuangan: instruments:
a. Aset keuangan lancar dan liabilitas keuangan a. Current financial assets and liabilities
jangka pendek
Nilai wajar aset keuangan lancar dan liabilitas The fair values of current financial assets and
keuangan jangka pendek yang akan jatuh liabilities with maturities of one year or less are
tempo dalam waktu satu tahun atau kurang assumed to be approximately the same as their
diasumsikan sama dengan nilai tercatatnya carrying amounts due to their short-term nature.
karena bersifat jangka pendek.
b. Aset keuangan tidak lancar dan liabilitas b. Non-current financial assets and liabilities
keuangan jangka panjang
Nilai wajar dari aset keuangan tidak lancar dan The fair values of non-current financial assets
liabilitas keuangan jangka panjang selain aset and liabilities other than available-for-sale
keuangan tersedia untuk dijual dan utang bank, financial assets and bank loans are assumed to
diasumsikan sama dengan nilai tunai yang be the same as the cash amount that will be
akan diterima atau dibayarkan karena saat received or paid due to the fact that their
jatuh temponya tidak dinyatakan dalam maturities are not stated in the related
kontrak-kontrak terkait, sehingga tidak contracts, therefore it is not possible to
memungkinkan untuk menentukan kapan aset determine when the financial assets and
keuangan dan liabilitas keuangan jangka financial liabilities will be realized and settled,
panjang tersebut akan direalisasi dan dilunasi. respectively.
Investasi jangka pendek dan investasi jangka Short-term investment and long-term
panjang merupakan aset Perusahaan yang nilai investment represent the Company’s assets
wajarnya didasarkan atas kuotasi harga pasar which their fair value are stated with last quoted
terakhir pada tanggal 31 Desember 2019 dan market prices as of December 31, 2019 and
2018. 2018.
Pinjaman jangka panjang yang memiliki suku Long-term loans with floating and fixed
bunga variabel dan tetap disajikan sebesar interest rates are carried at amortized costs
biaya perolehan diamortisasi dengan using Effective Interest Rate (EIR).
menggunakan metode Suku Bunga Efektif
(SBE).
149
INFORMASI TAMBAHAN
ADDITIONAL INFORMATION
Laporan Keuangan Tersendiri (Entitas Induk)
Individual Financial Statements (Parent Entity)
ENTINTAS INDUK SAJA PARENT ENTITY ONLY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
(Dinyatakan dalam ribuan Rupiah, (Expressed in thousands Rupiah,

ASET ASSETS
ASET LANCAR CURRENT ASSETS

Investasi efek 665.862.312 478.106.781 Investment securities
Piutang usaha, neto Trade receivables, net
Pihak berelasi 118.316.189 87.760.430 Related parties
Piutang lain-lain, neto 18.585.004 2.771.678 Other receivables, net
Persediaan 7.909.551 8.696.313 Inventories
Uang muka dan biaya dibayar Advances and prepaid
di muka 56.427.055 55.583.981 expense
Pendapatan akrual 211.165.362 248.048.906 Accrued revenues
Pajak dibayar di muka 631.013.856 226.983.245 Prepaid taxes
Aset lancar lainnya 76.240.275 46.761.356 Other current assets
TOTAL ASET LANCAR 7.243.805.157 4.212.503.094 TOTAL CURRENT ASSETS
ASET TIDAK LANCAR NON-CURRENT ASSETS

Estimasi tagihan pajak 99.018.495 - Estimated claims for refundable tax
Aset pajak tangguhan - Deferred tax assets
Piutang jangka panjang 88.500 503.743 Non-current receivables
Uang muka dan biaya dibayar Long-term advances and prepaid
di muka jangka panjang 29.641.419 expense
Investasi jangka panjang 1.250.873.973 1.241.717.102 Long-term investments
Properti investasi, neto 116.416.362 120.407.967 Investment property, net
Aset tetap, neto 33.004.194.559 25.316.858.820 Fixed assets, net
Aset tak berwujud, neto 33.312.879 36.865.444 Intangible assets, net
Aset tidak lancar lainnya 125.325 10.609.591 Other non-current assets
TOTAL ASET TIDAK LANCAR 34.504.030.093 26.756.604.086 TOTAL NON-CURRENT ASSETS
TOTAL ASET 41.747.835.250 30.969.107.180 TOTAL ASSETS
1
ENTINTAS INDUK SAJA PARENT ENTITY ONLY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
(Dinyatakan dalam ribuan Rupiah, (Expressed in thousands Rupiah,

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang usaha Trade payables
Pihak berelasi 82.950.136 166.921.834 Related Parties
Utang lain-lain 3.372.442.736 3.984.929.420 Other payables
Pendapatan diterima di muka 126.558.184 139.439.828 Unearned revenues
Beban akrual 1.318.148.150 1.488.219.609 Accrued expenses
Utang pajak 335.615.627 308.075.772 Tax payables
Bagian jangka pendek pinjaman
jangka panjang 483.165.313 918.167.263 Current maturities of long-term loans
TOTAL LIABILITAS
JANGKA PENDEK 5.830.345.498 7.442.179.997 TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Utang bank jangka panjang 16.503.981.968 5.347.552.550 Long-term liabilities
Utang obligasi dan Sukuk Ijarah 2.994.896.323 2.993.700.828 Bonds loan and Sukuk Ijarah
Utang jangka panjang lainnya 390.791.045 169.843.201 Other non-current liabilities
Liabilitas imbalan kerja karyawan 412.692.601 286.226.135 Employee benefits liabilities
Liabilitas pajak tangguhan 68.729.872 85.652.386 Deferred tax liabilities
TOTAL LIABILITAS
JANGKA PANJANG 20.371.091.809 8.882.975.100 TOTAL NON-CURRENT LIABILITIES
TOTAL LIABILITAS 26.201.437.307 16.325.155.097 TOTAL LIABILITIES
EKUITAS EQUITY
Modal Saham 6.414.412.000 6.414.412.000 Shares Capital
Modal dasar 12.000.000 saham dengan Authorized capital 12.000.000 shares
nilai nominal Rp1.000.000 per saham with par value of Rp1,000,000 per
Modal ditempatkan dan disetor share Issued and paid-up
6.414.412 saham tahun 6,414,412 shares in year
2018 dan 2017 2018 and 2017
Penyertaan modal negara 22.963.207 22.963.207 Government capital investment
Tambahan modal disetor 8.588.878 - Addition paid in capital
Nilai buku aset tetap kenavigasian (37.004.793) (37.004.793) Book value of fixed assets navigation
Akumulasi penyusutan aset tetap Accumulated depreciation of
kenavigasian 408.393.524 408.393.524 navigation fixed assets
Penghasilan komprehensif lain (65.696.335) 3.992.569 Other comprehensive income
Saldo laba Retained earnings
Dicadangkan 7.779.477.782 6.116.787.720 Appropiated
Tidak dicadangkan 1.015.263.680 1.714.407.856 Unappropriated
TOTAL EKUITAS 15.546.397.943 14.643.952.083 TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS 41.747.835.250 30.969.107.180 TOTAL LIABILITIES AND EQUITY
2
ENTITAS INDUK SAJA PARENT ENTITY ONLY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended December 31, 2019
31 Desember 2019 (Expressed in thousand Rupiah,
(Dinyatakan dalam ribuan Rupiah, unless otherwise stated)

2019 2018

Pendapatan aeronautika 4.992.124.803 5.118.182.759 Aeronautical revenues
Pendapatan non-aeronautika 2.834.620.799 2.566.121.880 Non-aeronautical revenues
Total 7.826.745.602 7.684.304.639 Total
Beban operasional bandara (3.015.000.697) (2.926.811.279) Airport operation expenses

Beban pegawai (1.344.763.855) (1.361.158.247) Employee expenses
Beban umum dan administrasi (883.798.576) (897.827.572) General administrative expenses
Beban pemasaran (23.747.937) (34.070.962) Marketing expenses
Penghasilan lain-lain 145.553.748 261.813.143 Other income
Beban lain-lain (98.628.995) (54.433.049) Other expenses
Laba Usaha 2.606.359.390 2.671.816.673 Operating Profit
Penghasilan keuangan 186.433.090 158.631.629 Finance income

Beban keuangan (830.752.648) (248.462.889) Finance costs
Bagian laba entitas asosiasi (8.952.137) 2.552.005 Equity income of associate entities
LABA SEBELUM PAJAK FINAL PROFIT BEFORE FINAL TAX

DAN PAJAK PENGHASILAN AND CORPORATE
BADAN 1.953.087.595 2.584.537.418 INCOME TAX
Beban pajak final (98.550.753) (108.220.549) Final tax expense
LABA SEBELUM PAJAK PROFIT BEFORE

PENGHASILAN BADAN 1.854.536.842 2.476.316.869 CORPORATE INCOME TAX
BEBAN PAJAK CORPORATE

PENGHASILAN BADAN, NETO (429.376.743) (618.358.796) INCOME TAX EXPENSE, NET
LABA TAHUN BERJALAN 1.425.160.099 1.857.958.073 PROFIT FOR THE YEAR
3
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN (lanjutan) AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal (continued)
31 Desember 2019 For the Year Ended December 31, 2019
(Dinyatakan dalam ribuan Rupiah, (Expressed in thousand Rupiah,

2019 2018
PENGHASILAN KOMPREHENSIF
LAIN OTHER COMPREHENSIVE INCOME
Pos yang akan direklasifikasi Item that will not be reclassified to

ke laba rugi: profit or loss:
Laba (rugi) belum terealisasi investasi Unrealized gain (loss) on securities
efek 12.293.462 (2.769.906) investment
Pos-pos yang tidak akan Items that will not be reclassified to

direklasifikasikan ke laba rugi profit or loss
Loss comprehensif income
Rugi komperhensif entitas asosiasi (2.466.064) (1.551.198) from associate
Laba (rugi) aktuarial imbalan kerja Actuarial gain (loss) on employee
karyawan (79.516.302) (66.770.702) benefits
Penghasilan (rugi) komprehensif Other comprehensive income (loss)

lain tahun berjalan setelah pajak (69.688.904) (71.091.806) for the year after tax
Total penghasilan komprehensif Total comprehensive

tahun berjalan 1.355.471.195 1.786.866.267 income for the year
4
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2019 For the Year Ended December 31, 2019
(Disajikan Dalam ribuan Rupiah, kecuali dinyatakan lain) (Expressed In thousands Rupiah, unless otherwise stated)
Akumulasi Keuntungan
penyusutan Laba (rugi) belum (kerugian)
Tambahan aset tetap direalisasi atas aktuarial
Modal saham Modal Nilai buku kenavigasian/ pemilikan efek/ imbalan kerja/ Keuntungan
ditempatkan Penyertaan Disetor/ aset kenavigasian/ Accumulated Unrealized Gain (loss) (kerugian) entitas Saldo laba/Retained Earnings
dan disetor/ modal pemerintah/ Additional Book value of depreciation gain (loss) on Actuarial post asosiasi/
Issued and paid Government Paid-in fixed assets of navigation marketable Retirement Gain (loss) of Dicadangkan/ Belum dicadangkan/ Total ekuitas/
shares capital capital investment Capital navigation fixed assets securities benefits associated entities Appropriated Unappropriated Total equity
Saldo per 31 Desember 2017 6.414.412.000 255.096.706 - (269.138.292) 408.393.524 58.521.114 18.824.346 (2.261.085) 4.981.926.570 1.275.026.933 13.140.801.816 Balance as of December 31, 2017
Pembagian dividen - - - - - - - - - (283.716.000 ) (283.716.000 ) Dividend declared

Cadangan - - - - - - - - 1.134.861.150 (1.134.861.150 ) - General reserved
Penyertaan modal pemerintah - (232.133.499 ) - 232.133.499 - - - - - - - Government capital investment
Laba bersih tahun berjalan - - - - - - - - - 1.857.958.073 1.857.958.073 Net income for the year
Pendapatan komprehensif lain Other comprehensive income
Rugi belum direalisasi atas Unrealized gain (loss) on
pemilikan efek - - - - - (2.769.906) - - - - (2.769.906 ) securities investment
Pengukuran kembali liabilitas Re-measurement of employee
imbalan kerja - - - - - - (66.770.702) (1.659.983) - - (68.430.685 ) benefits liabilities
Revaluasi asset tetap - - - - - - - 108.785 - - 108.785 Revaluation of fixed asset
Saldo per 31 Desember 2018 6.414.412.000 22.963.207 - (37.004.793) 408.393.524 55.751.208 (47.946.356) (3.812.283) 6.116.787.720 1.714.407.856 14.643.952.083 Balance as of December 31, 2018
Pembagian dividen - - - - - - - - - (461.614.213 ) (461.614.213 ) Dividend declared

Cadangan - - - - - - - - 1.662.690.062 (1.662.690.062 ) - General reserved
Difference arising from business
Selisih transaksi kombinasi bisnis combination of entities under
entitas sepengendali - - 8.588.878 - - - - - - - 8.588.878 common control
Laba bersih tahun berjalan - - - - - - - - - 1.425.160.099 1.425.160.099 Net income for the year
Pendapatan komprehensif lain Other comprehensive income
Rugi belum direalisasi atas Unrealized gain (loss) on
pemilikan efek - - - - - 12.293.462 - - - - 12.293.462 securities investment
Pengukuran kembali liabilitas Re-measurement of employee
imbalan kerja - - - - - - (79.516.302) (2.466.064) - - (81.982.366 ) benefits liabilities
Saldo per 31 Desember 2019 6.414.412.000 22.963.207 8.588.878 (37.004.793) 408.393.524 68.044.670 (127.462.658) (6.278.347) 7.779.477.782 1.015.263.680 15.546.397.943 Balance as of December 31, 2019
5
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun Yang Berakhir Pada For The Year Ended
Tanggal 31 Desember 2019 December 31, 2019
(Disajikan dalam ribuan Rupiah, (Expressed in thousands Rupiah,

31 Desember/
2019 2018
AKTIVITAS OPERASI OPERATING ACTIVITIES
Penerimaan dari pelanggan 7.770.864.365 7.543.073.998 Receipts from customers
Pembayaran kas kepada pemasok Cash payment to suppliers
dan karyawan (5.616.929.326) (4.403.052.592) and employees
Kas yang dihasilkan dari Net cash from receipt
aktivitas operasi 2.153.935.039 3.140.021.406 and payment
Pembayaran pajak (915.867.200) (733.849.286) Tax payment
aktivitas operasi 1.238.067.839 2.406.172.120 operating activities
AKTIVITAS INVESTASI INVESTING ACTIVITIES
Penerimaan dari (pengeluaran untuk) Received from (payment for)
investasi jangka pendek (187.755.531) (81.150.806) short-term investment
Pengeluaran untuk investasi jangka panjang (21.891.660) (13.361.105) Payment for long-term investment
Penambahan aset tetap (9.106.876.809) (5.392.889.435) Addition in fixed assets
Penerimaan bunga deposito dan Interest from deposits and
jasa giro 186.433.090 158.631.629 checking accounts
Kas bersih yang digunakan untuk Net cash used in
aktivitas investasi (9.130.090.910) (5.328.769.717) investing activities
AKTIVITAS PENDANAAN FINANCING ACTIVITY
Penerimaan (pembayaran) pinjaman Proceed (payment)
jangka panjang 10.777.280.597 2.031.826.218 on long-term loans
Pembayaran dividen kas (461.614.213) (283.716.000) Payments of cash dividends
Kas bersih yang diperoleh (digunakan) Net cash provided (used)
untuk aktivitas pendanaan 10.315.666.384 1.748.110.218 by financing activities
Dampak perubahan selisih Effect of exchange rate changes on
kurs terhadap kas dan setara kas 26.075.206 53.767.027 cash and cash equivalents
PENURUNAN DECREASE IN CASH
KAS DAN SETARA KAS 2.449.718.519 (1.120.720.352) AND CASH EQUIVALENTS

AWAL TAHUN 2.708.714.010 3.829.434.362 AT BEGINNING OF YEAR
AKHIR TAHUN 5.158.432.529 2.708.714.010 AT END OF YEAR
6
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
(Disajikan dalam ribuan Rupiah, (Expressed in thousand Rupiah,
1. IKHTISAR KEBIJAKAN AKUNTANSI YANG 1. SUMMARY OF SIGNIFICANT ACCOUNTING

PENTING POLICIES
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the separate

tersendiri entitas induk financial statements of the parent entity
Laporan keuangan tersendiri Entitas Induk The separate financial statements of the Parent
disusun sesuai dengan Pernyataan Standar Entity are prepared in accordance with the
Akuntansi Keuangan (“PSAK”) No. 4 (Revisi Statement of Financial Accounting Standards
2009), “Laporan Keuangan Konsolidasian dan (“PSAK”) No. 4 (Revised 2009), “Consolidated
Laporan Keuangan Tersendiri”. PSAK No. 4 and Separate Financial Statements”. PSAK No.
(Revisi 2009) mengatur dalam hal entitas (Revised 2009) regulates that when an entity
memilih untuk menyajikan laporan keuangan elected to present the separate financial
tersendiri maka laporan tersebut hanya dapat statements, such financial statements should
disajikan sebagai informasi tambahan dalam be presented as supplementary information to
laporan keuangan konsolidasian. Laporan the consolidated financial statements. Separate
keuangan tersendiri adalah laporan keuangan financial statements are those presented by a
yang disajikan oleh Entitas Induk yang Parent Entity, in which the investments are
mencatat investasi pada entitas anak, entitas accounted for on the basis of the direct equity
asosiasi, dan pengendalian bersama entitas interest rather than on the basis of the reported
berdasarkan kepemilikan ekuitas langsung results and net assets of the investees.
bukan berdasarkan pelaporan hasil dan aset Accounting policies adopted in the preparation
neto investee. Kebijakan akuntansi yang of the parent entity separate financial
diterapkan dalam penyusunan laporan statements are the same as the accounting
keuangan tersendiri entitas induk adalah sama policies adopted in the preparation of the
dengan kebijakan akuntansi yang diterapkan consolidated financial statements as disclosed
dalam penyusunan laporan keuangan in Note 2 to the consolidated financial
konsolidasian sebagaimana diungkapkan statements, except for investments in
dalam Catatan 2 atas laporan keuangan subsidiaries and associates. In accordance with
konsolidasian, kecuali untuk penyertaan pada PSAK No. 4 (Revised 2009), the Parent Entity
entitas anak dan entitas asosiasi. Sesuai recorded the investments in subsidiaries and
dengan PSAK No. 4 (Revisi 2009), Entitas associates using cost method. The Parent
Induk mencatat penyertaan pada entitas anak Entity also recognizes dividends from
dan entitas asosiasi dengan menggunakan subsidiaries and associate in profit or loss in its
metode biaya. Entitas Induk juga mengakui separate financial statements when its right to
dividen dari entitas anak dan entitas asosiasi receive the dividends is established.
pada laporan laba rugi dalam laporan keuangan
tersendiri ketika hak menerima dividen
ditetapkan.
2. INVESTASI JANGKA PANJANG 2. LONG-TERM INVESTMENTS
Investasi jangka panjang Entitas induk terdiri dari The Parent Entity’s long term investments consist of
penyertaan saham dan obligasi dengan rincian investments in shares and bond with details are as
sebagai berikut: follow:
2019 2018
Penyertaan saham 1.225.526.674 1.228.355.997 Investment in shares

Obligasi 25.347.299 13.361.105 Bond
Total 1.250.873.973 1.241.717.102 Total
7
(Disajikan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
2. INVESTASI JANGKA PANJANG (lanjutan) 2. LONG-TERM INVESTMENTS (continued)

a. Penyertaan saham a. Investment in shares
Informasi mengenai entitas anak dan asosiasi Information pertaining to subsidiaries and
yang dimiliki Kelompok Usaha diungkapkan associates owned by the Group is disclosed in
dalam Catatan 1c dan 13 atas Laporan Notes 1c and 13 to the Consolidated Financial
Keuangan Konsolidasian. Statements.
Pada tanggal 31 Desember 2019 dan 2018, As of December 31, 2019 and 2018, the Parent
Entitas Induk memiliki penyetaan saham Entity has investment in shares as follow:
sebagai berikut:
Persentase Biaya perolehan Persentase Biaya perolehan

Kepemilikan/ 31 Desember 2019/ Kepemilikan/ 31 Desember 2018/
Percentage of Acquisition cost Percentage of Acquisition cost
ownership December 31, 2018 ownership December 31, 2018
Entitas Anak/Subsidiaries
PT Angkasa Pura Support 99,81% 250.000.000 99,81% 250.000.000
PT Angkasa Pura Properti 99,96% 167.940.000 99,96% 167.940.000
PT Angkasa Pura Hotel 99,99% 649.864.789 99,99% 649.864.789
PT Angkasa Pura Logistik 98,00% 24.500.000 98,00% 24.500.000
PT Angkasa Pura Retail 97,50% 48.750.000 97,50% 48.750.000
Entitas Asosiasi/Associates
PT Gapura Angkasa 7,76% 55.511.460 10,00% 45.682.461
PT Jasa Marga Bali Tol 8,00% 28.960.425 8,00% 40.617.939
Total 1.225.526.674 1.227.355.189
b. Obligasi b. Bonds
Pada tanggal 31 Desember 2019 dan 2018, As of December 31, 2019 and 2018, the Parent
Entitas Induk memiliki obligasi sebagai berikut: Entity has bond as follow :


Nominal value Carriying value Nominal value Carriying value
RI0148 15.206.000 15.277.199 15.206.000 13.361.105 RI0148

BEXI04BCN7 10.000.000 10.070.100 - - BEXI04BCN7
3. SALDO DAN TRANSAKSI SIGNIFIKAN DENGAN 3. SIGNIFICANT BALANCES AND TRANSACTIONS

ENTITAS ANAK WITH SUBSIDIARIES
Entitas Induk mempunyai transaksi dan saldo yang The Parent Entity has the following significant
signifikan dengan pihak entitas anak berikut: transactions and balances with its subsidiaries:
Pihak berelasi/Related parties Piutang usaha/Trade receivables Utang usaha/Trade payables
PT Angkasa Pura Logistik 5.240.637 43.597

PT Angkasa Pura Properti 49.104 1.595.172
PT Angkasa Pura Hotel 30.104.683 950.053
PT Angkasa Pura Suport 995.149 10.472.747
PT Angkasa Pura Retail 18.770.603 576.182
8
(Disajikan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)
4. AKTIVITAS NON KAS 4. NON-CASH TRANSACTIONS
Transaksi non-kas terdiri dari: Non-cash transaction consists of:

Kapitalisasi biaya pinjaman Capitalization of

ke aset tetap 286.653.622 320.056.625 borrowing costs
Perubahan pada liabilitas yang timbul dari aktivitas Movement of liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai activities in the statement of cash flows are as
berikut : follows:

Selisih kurs/
Total 9.427.326.911 11.023.230.862 - (34.466.736) 20.416.091.037 Total

Selisih kurs/
Total 7.379.107.801 2.084.702.925 - (36.483.815) 9.427.326.911 Total

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Management Discussion & Analysis Corporate Governance Corporate Social Responsibility

PT Angkasa Pura I (Persero)

PT Angkasa Pura I (Persero)

PT Angkasa Pura I (Persero) has successfully been

PROUD TO SERVE THE NATION

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BUILDING NATIONAL PRIDE THROUGH

According the company’s vision “To Become One of

In accordance with the road map for the Company’s

PT Angkasa Pura I (Persero)

PT Angkasa Pura I (Persero) manages

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PT Angkasa Pura I (Persero) is highly committed

The operation excellence strategy includes the

PT Angkasa Pura I (Persero)

The company has adopted 3S1C beyond

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PT Angkasa Pura I (Persero)

Positive airport in the airport and outside the airport area.

Living Environment management reports is also submitted as one of

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170 Management Discussions and Analysis

39 A Brief History of The Company

95 Human Resources Management 24‫ז‬ Stock Ownership Program

101 Shareholder Composition 24‫ח‬ Realization of the Use of Proceeds From

PT Angkasa Pura I (Persero)

36‫ו‬ Corporate Secretary

‫׏׎ג‬ Execution of the Implementation of

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Overview of 2019 Business Performance

2.69% 7.28% 27.6%

Total Airport Landing, Parking, and Aircraft Passenger

35% 14.7% 18.4%

PT Angkasa Pura I (Persero)

Overview of Important Financial Data

Financial Summary (in millions of Rupiah)

Description 2019 2018 2017 2016 2015

CONSOLIDATED FINANCIAL POSITION STATEMENT

Cash 5,510,904 3,149,114 4,146,086 4,896,215 1,746,273

Short-term Investment 665,862 478,107 407,156 295,241 216,447

Accounts receivable 527,767 509,909 520,295 482,770 571,171

Other receivables 83,344 39,712 19,053 12,445 128,562

Inventories 69,404 84,808 68,668 40,617 36,359

Advances and prepaid expenses 139,960 159,381 72,003 63,696 23,978

Accrued income 291,022 298,444 225,606 201,227 208,419

Prepaid taxes 840,958 367,865 105,569 82,242 150,836

Other current assets 64,277 28,267 13,396 10,249 8,076

Total Current Assets 8,190,498 5,115,606 5,557,832 6,084,701 3,090,122

Estimated Tax Bill 112,711 - - - -

Deffered tax assets 48,495 41,158 83,863 302 1,413

Long-term receivables 89 504 1,514 700 -

Non-current advances and 12,665 34,322 52,741 78,217 -

prepaid expense 109,819 100,662 86,642 96,129 129,660

Bond 25,347 13,361 - 7,455 37,340

Investments in shares of associates 84,472 87,301 86,300 88,333 91,978

Joint operation - - 86,642 342 342

Investment property 128,888 127,065 247,036 200,785 149,845

Fixed assets 34,127,911 26,139,593 18,627,786 17,155,509 13,304,090

Intangible assets 43,466 42,322 48,998 44,244 45,373

Other non-current assets 12,097 7,074 6,227 6,358 1,835

Other assets - - - - 1,490,586

TOTAL NON-CURRENT ASSETS 34,596,053 16,493,309 19,154,808 17,582,245 13,632,216

TOTAL ASSETS 42,786,551 31,608,916 24,732,641 23,666,946 16,722,337