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2016 Annual Report
2016ANNUAlREPORT
DEVElOPMENTOF INFRASTRUCTURE
ACCElERATION
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2016 Annual Report
Management Discussion And Analysis
Board of Commissioners Report
DirectorsReport
JSMR Stock and Jasa Marga Bond
Jasa MargaProfile
Development of New Projects
PT Jasa Marga (Persero) Tbk. Laporan Tahunan 2016
Ikhtisar2016
Saham JSMR dan Obligasi Jasa Marga
Laporan DewanKomisaris
Laporan Direksi
Profil Jasa Marga
Analisa dan Pembahasan Manajemen
Pengembangan Proyek Baru
In 2016, The government’s target on Indonesia’s economic growth is around 5% and to grow by 5.1% in 2017, depending on the effectiveness of both domestic and foreign policies and the success of economic reforms.
Government has also increased the portion of infrastructure spending by reducing the infrastructure gap between regions which can also accelerate economic growth in Indonesia.
To boost economic growth, the availability of infrastructure is also one indicator of improved productivity and efficiency, where people can access to resources. The role of infrastructure to the region development can make a significant contribution in terms of economic, social, and environmental sustainability.
Acceleration of infrastructure is one of the priority programs of the Government, one of which is the construction of toll roads, especially Trans Java Toll Road. The government has targeted the development of infrastructure through the addition of 1,000 km toll roads. Jasa Marga is committed in supporting the target achievement through the construction of potential toll roads.
ACCElERATION
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1PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Consolidated Financial Report
AppendinxStatement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Human Capital Management
Good Corporate Governance
Corporate Social and EnvironmentalResponsibilities
To build a nation, Jasa Marga is present to encourage and contribute our best for the people of Indonesia. As part of Indonesian development and directly involved in national strategic projects in the field of highway infrastructure, as well as the contribution of increased state revenue every year.
Jasa Marga as toll road operator and leading toll road developer in Indonesia has an important position in supporting economic growth through the construction and operation of toll roads as the infrastructure for the distribution of goods and services as well as the infrastructure in forming the structures of the region space.
Jasa Marga is currently managing 593 km of toll roads in Indonesia. In addition, the Company continues to add toll road concessions to a total of 1,261 km at the end of 2016. The entire new toll project is targeted for to be completed in 2019. The acceleration and expansion of the construction of this highway is an ongoing effort of the Company and in line with the Vision and Mission of Jasa Marga to remain as a trusted and reliable leader in Indonesian toll road industry.
With the passion and commitment to build the nation through the experience, competence, competitive and qualified resources, Jasa Marga is ready to boost the acceleration and expansion of infrastructure, especially toll roads throughout Indonesia to boost economic growth in the region and nationally.
Pembangunan Jembatan Tuntang, Jalan Tol Semarang-Solo.
OF INFRASTRUCTURE DEVElOPMENT
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Management Discussion And Analysis
Board of Commissioners Report
DirectorsReport
JSMR Stock and Jasa Marga Bond
Jasa MargaProfile
Development of New Projects
2 PT Jasa Marga (Persero) Tbk. 2016 Annual Report
The Acceleration of Infrastructure Development
2-3 Contents
4-73 Jasa Marga Profile
4-5 Jasa Marga Identity6 Jasa Marga Logo
7 Jasa Marga Vision & Mission and Strategy8-11 Jasa Marga Values and Culture
12-19 Jasa Marga at a Glance 12-13 Jasa Marga Milestones
14-15 A Brief History of Jasa Marga
15 Changes in the Company’s Name
5, 15 Business Activities
17 Development of Toll Road Industry in Indonesia
17-19 Development of Jasa Marga Business
20-22 Jasa Marga Organizational Structure
23-33 Main Shareholders, Entities, Subsidiary and Associated Companies
23 Jasa Marga Group Corporate Structure
24-33 Subsidiaries
23 Associated Companies
34-38 Areas of Operations and New Toll Road Projects
40-41 Profile of Human Capital40 Number of Employees
40 Level of Education
41 Ages of Employees
42-57 Profile of Jasa Marga Board of Commissioners, Directors, Committees and Senior Officials
42-43 Profile of Board of Commissioners
44-45 Profile of Directors
46 Profile of Audit Committee
47 Profile of Nomination, Remuneration and Risk Committee
48-57 Profile of Jasa Marga Senior Officials
58-60 Addresses of Jasa Marga Branch Offices, Subsidiaries and Associated Companies
60-62 Capital Market Supporting Profession and Institutions
63 Jasa Marga Website
64-85 2016 Overview
64-65 Financial Highlights 2012-2016
66 Operational Highlights 2012-2016
68-69 Milestones in 2015
70-73 Awards and Certifications
74-82 Shares JSMR and Jasa Marga Bonds
74 Shares JSMR74 Chronology of Shares JSMR Listing
76-81 Highlights on Shares JSMR
76 Information on Trade Price and Volume of Shares JSMR
78 Shares JSMR Volume and Price in 2015 and 2016
79 Indices with Shares JSMR as Constituent
80 Capital Market Condition and Performance of Shares JSMR in 2016
81 Composition of Shares JSMR Ownership
81 Information on Major and Controlling Shareholder
81 Shares JSMR Shareholders with Ownership 5% or More
81 Shares JSMR Shareholders with Ownership Less Than 5%
82 Ownership of Shares JSMR by Board of Commissioners, Directors and Employees
82 Twenty Largest Shareholder of JSMR
83-85 Jasa Marga Bond83 Chronology Jasa Marga Bonds Issuance
84 Jasa Marga Bonds Outstanding in 2015 and 2016
85 Ten Largest Jasa Marga Bondholders
86-93 Board of Commissioners Report
87 Changes in the Composition and Distribution of Tasks of Board of Commissioners in 2016
88 Performance of Board of Commissioners in 2016
88 Work Program, Meetings, Frequency and Means of Giving Advice from Board of Commissioners to the Directors
88-89 Performance Assessment of Board of Commissioners and Compliance to Implementation of Good Corporate Governance
89-91 View on the Company’s Business Prospect Managed by the Directors
89-90 Implementation of the Company’s Articles of Association Perseroan, Rules and Regulations
91 RKAP and Appointment of Public Accounting Firm
91 Supervision of Implementation of the Company’s Strategies
92 Evaluation on the Performance of the Directors on the Management of the Company in Accordance to RKAP
92 View on the Implementation of Good Corporate Governance
92 Compliance to Rules, Regulations and Internal Control
93 Implementation of Principles of Good Corporate Governance
94-101 Directors Report
96-97 The Company’s Strategies and Strategic Policies
97-99 Performance Analysis of the Company97-98 Comparison between the Company’s
Performance Target and Achievement
99 Obstacles Faced by the Company
99 The Company’s Business Prospects
100 Implementation of Sustainable Corporate Governance
100-101
Changes in Composition of the Directors
102-177
Management Discussion and Analysis
104 General Review
104 Performance Review of the Company Compared to the Toll Road Industry
105-128
Operational Review by Business Segment
105 Basis of Implementation of Jasa Marga Business Segment
105-127 Business Segment of Toll Road
128 Business Segment of Other Businesses Development
129 Comprehensive Analysis of Financial Performance
145 Current Assets, Non-Current Assets and Total Assets
157 Short-Term Liabilities, Long-Term Liabilities and Total Liabilities
168 Equity
129 Consolidated Statements of Comprehensive Income
130 Operating Revenues
134 Operating Expenses
140 Operating Income
142 Income for the Year
143 Other Comprehensive Revenues
144 Comprehensive Income for the Year
170 Profitability Ratio
169 Consolidated Statements of Cash Flows
171 Solvability and Collectability of Receivables
171 Capital Structure and Capital Structure Policy
171 Investment in Capital Goods
171 Material Ties for the Investment in Capital Goods
171 Material Information and Facts Subsequent to the Date of Accountant’s Report
171 Business Prospect, Condition of Industry and Economy
172 Comparison of Target 2016 and Realization 2016
172 Target/Projection to Reach in 2017
172 Marketing Strategy and Market Share
173 Dividend Policy and Dividend Payment
174-177
Realization of Use of Proceeds from Public Offerings
176 Material Increase/Decrease in Net Profit Related to Sales Volume or New Services
176 Information on Material Transaction Containing Conflicts of Interest and/or Affiliate Transaction
176 Changes in Rules and Regulations Significantly Affecting the Company
176 Changes in Accounting Policies Affecting the Company
176-177
Information on Business Sustainability
178-201
Development of New Projects
202-229
Development of Human Capital
204 Changes in Organizational Structure
206 Organization Effectiveness
212 Employees Performance and Competency Development
218 Rewards on Innovations
DirectorsReport
Management Discussion And Analysis
94 102
TABlE OF CONTENTS
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Consolidated Financial Report
AppendinxStatement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Human Capital Management
Good Corporate Governance
Corporate Social and EnvironmentalResponsibilities
3PT Jasa Marga (Persero) Tbk. 2016 Annual Report
219 Employees Competency and Performance Management System
221 Employees Welfare
225 Industrial Relations
226 Post-Employment Benefits
228 Management of Outsourced Workforce
228 Human Capital Communication Process
229 Cost of Human Capital
230-397
Good Corporate Governance
232-235
Legal Basis of Jasa Marga GCG Implementation
235 GCG Principles
235 Objectives of Jasa Marga GCG Implementation
237-239
Jasa Marga GCG Internal Policies
237 Jasa Marga Code of Conduct
238 GCG Socialization and Internalization
238-239 Main Points of Jasa Marga Culture
239 Corporate Governance Guidelines
239 Conflict of Interest Guideline
239 Board Manual
239 Whistleblowing System
240-241
Jasa Marga Commitment in GCG Implementation
241-244 Implementation of Corporate Governance Guidelines for Public Companies
245-249
Assessment Result on Commitment and Consistency of Jasa Marga GCG Implementation
250-252
Structure, Policy and Mechanism of Corporate Governance Implementation
253-271
General Meeting of Shareholders
255-264 Annual GMS 30 March 2016
265-269 Extraordinary GMS 29 August 2016
270-271 Follow up on GMS Resolutions Implemented in 2015
272-298
Board of Commissioners
272-273 Composition of the Board of Commissioners
273 Board of Commissioners Board Manual
273-275 Requirements and Diversity of the Composition of the Board of Commissioners
275-288 Duties, Responsibilities, and Authorities of the Board of Commissioners
288-289 Independence of the Board of Commissioners and Independent Commissioners
289 Affiliation and Position in Other Companies
289-290 Dual Position and Conflicts of Interest
291 Competency Development/Training Program for Board of Commissioners
291-296 Board of Commissioners Meetings
296 Achievement of Board of Commissioners Key Performance Indicator (KPI) 2016
297-298 Procedures, Basis of Determination and Amount of Remuneration for Members of the Board of Commissioners
298 Committees under the Board of Commissioners
299-321
Directors
299-301 Composition of the Directors
301 Directors Board Manual
301-304 Requirements and Diversity of the Composition of the Directors
304-310 Duties, Responsibilities, and Authorities of the Directors
310-311 Independence of the Directors and Independent Director
311 Affiliate Relations and Management in Other Companies
312 Dual Employment and Conflict of Interest
313 Training and Competency Development Program for the Directors
313-319 Directors Meetings
319 Achievement of Key Performance Indicators (KPI) of the Directors 2016
319-321 Procedures, Basis of Determination and Amount of Remuneration for Members of the Directors
321 Committee under the Directors
322-328
Relationship between the Directors and Board of Commissioners
329-330
Assessment of Directors and Board of Commissioners
331-345
Committees
331-336
Audit Committee
331 Legal Basis of Forming of Audit Committee
331-332 Qualification of Education and Work Experience
332 Tasks and Responsibilities of Audit Committee
332-338 Independence of Audit Committee
334 Audit Committee Meetings
335 Remuneration of Audit Committee
335 Achievement of Audit Committee Key Performance Indicators (KPI)
335-336 Report on Implementation of Audit Committee Activities
46, 336 Profile of Audit Committee
336-344
Nomination, Remuneration and Risk Committee
337 Legal Basis of Forming of Nomination, Remuneration and Risk Committee
337-338 Tasks and Responsibilities of Nomination, Remuneration and Risk Committee
339 Independence of Nomination, Remuneration and Risk Committee
340 Policy on Directors Succession
340-341 Nomination, Remuneration and Risk Committee Meetings
341 Remuneration of Nomination, Remuneration and Risk Committee
341 Achievement of Nomination, Remuneration and Risk Committee Key Performance Indicators
341-344 Report on Implementation of Duties of Nomination, Remuneration and Risk Committee
47, 344 Profile of Nomination, Remuneration and Risk Committee
344-345
Secretary of Board of Commissioners
345-347
Corporate Secretary
346-347 Implementation of Duties of Corporate Secretary
347 Work Experience and Competency Development
48, 347 Profile of Corporate Secretary
346-347
Internal Audit Unit
348 Appointment and Dismissal of Head of Internal Audit
348-349 Structure and Position of Internal Audit Unit
349 Internal Audit Work Guidelines
349-350 Internal Auditor Code of Ethics
350 Duties and Responsibilities of Internal Audit
350-351 Competency Development of Internal Audit Human Capital and Audit Profession Certification
351-352 Report on Implementation of Internal Audit Unit Activities in 216
352 Other Supporting Audit Activities
352 Performance Evaluation on Internal Audit Unit
48, 352 Profile of Head of Internal Audit
Corporate Internal Control System353 Socialization of SPIP Framework
353 Review on Effectiveness of Corporate Internal Control System
Risk Management Report354-355 Jasa Marga Risk Management Roadmap
355-356 Risk Management Policy
357-359 Risk Management Governance Structure
359-360 The Company’s Risks and Managing Them
360-364 Top Risk RKAP 2016 by Fields
364-368 Implementation of Risk Management Work Program in 2016
48, 368 Profile of VP Risk and Quality Management
369-377
Material Litigation
378 Information on Administrative Sanctions379-382
Code of Ethics
383 Employees and/or Management Stock Ownership Program
384-387
Whistleblowing System
388-394
Consistency in GCG Implementation
388 Management of State Official Property Report (LHKPN)
388 Equal Treatment to All Shareholders
389-390 Procurement of Products and Services
390-394 Information Technology Governance
395-396
External Auditor
397 Access to the Company’s Information and Data
398-401
Corporate Social and Environmental Responsibilities
400-401 Executive Summary
402-403
Responsibility of Members of Directors and Members of Board of Commissioners of Annual Report 2016
404-414
Appendix
404 Glossary405-414
Cross Reference to OJK Regulation No. 29/POJK.04/2016 and Circular of OJK No. 30/SEOJK.04/2016
Consolidated Financial Statements
Good Corporate Governance
Corporate Social and EnvironmentalResponsibilities
230 398
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4 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
The legal basis for establishment Government Regulation No. 04 in 1978
Initial capitalRp 9.52 trillion
Authorized and Fully Paid Rp 3.6 trillion
Shareholding informationIndonesian government 70% Public 30%
Name of stock exchange Indonesia stock exchange IDX / BEI (The Indonesia Stock Exchange / IDX) IPO Date 12 November Code 2007
Exchange CodeBEI / IDX: JSMR BLOOMBERG: JSMR IJ REUTERS: JSMR.JK
Name and Location Company Name:PT Jasa Marga (Persero) Tbk.Location: Domiciled in Jakarta
Head OfficeAddressPlaza Tol Taman Mini Indonesia Indah Jakarta 13550 Indonesia Phone 62-21 841 3526, 841 3630 Fax. 62-21 841 3540 Email: jsmr@jasamarga.co.id, sekper@jasamarga.co.id Website: www.jasamarga.com
Traffic Information Centers and Other ServiceJMTIC (Jasa Marga Traffic Information Center) 14080 twitter @ptjasamargaApps: JMCARe Mobile Apps
Establishment Date of Establishment March 1 1978
JASA MARGA PROFILE
JASA MARGA IDENTITY
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5PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
Gedung Baru Kantor Pusat PT Jasa Marga (Persero) Tbk.
Business Activities
Business activities in keeping within the Statute Based on the statute that has been published in Supplement No. 61 tanggal 26 Maret 2015 that were made before Ir. Nanette Cahyanie Handari Adi Warsito, SH., Notary in Jakarta following the Letter of Acceptance Notice of Amendment from the acting Director General Law Administration of the Ministry of Human Rights No. AHU AH.01,03-0019825 dated March 27, 2015 and registered in the Company Register No. AHU-0036530,AH.01, 11, year 2015 dated March 27, 2015, as announced No. 1160/L from BNRI date November 27, 2015 No. 95 and has been published in Supplement No. 39 date December 20, 2016 Notary in Jakarta following the Letter of Acceptance Notice of Amendment from the acting Director General Law Administration of the Ministry of Human Rights No.AHU-AH.01.03-0110503 date December 21, 2016 and registered in the Company Register No.: AHU-0153029.AH.01.11. year 2016 tanggal 21 Desember 2016, the aims and objectives of the Company are participating in implementing and supporting policies and programs of the Government in the economic and national development in general, especially in the sector of toll road concession with its supporting facilities by applying the principles of limited company.
Business OperationsTo achieve the purposes and objectives of the Company implementing and supporting business activities as follows:
Main Business Activity 1. Conduct technical planning, construction, operation
and / or maintenance of toll roads. 2. Efforts to acquire to land in toll road area (Rumijatol)
and Rumijatol border area for rest area and service, along with facilities and other businesses.
Supporting Business Operations 1. Property development in the area adjacent to the toll
road corridors.2. Field development services to businesses related
to modes / means of transportation, distribution of liquid material / solid / gas, networking means of information, technology and communication, related to toll road corridors.
3. Service and trading for service on construction, maintenance and toll road operation.
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6 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
PERUBAhAN lOgO JASA MARgA DARI MASA kE MASA
JASA MARgA lOgO
Road configuration forms the letter “J” (the first letter of the name of the Company) which is a reflection of the historical journey of the Company, reflecting an increasingly dynamic company
Since 1978, the Company changed its logo twice, namely in 1993 and 2007.
The company logo used since 2007 shows the change as a reflection on a strong commitment to become a leading, modern, and professional company.
Blue and yellow in the logo reflect the hope and future, as well as the passion and commitment.
Blue ball indicates that Jasa Marga as a company with global standard. Toll road services continue to be developed to meet these standards.
1978 - 1993 1993-2007
2007-sekarang
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7PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
Vision And Mission and Strategy of Jasa MargaThe Company formulates its Vision, Mission, and Values ? with the involvement of all parties, among other things: the Board of Commissioners, Directors and employees, and considering the interest of the stakeholders.
Vision and Mission of the Company has been approved by the Board of Commissioners and Board of Directors through Decree No. 50 / KPTS / 2013 dated March 1, 2013 on the Vision, Mission and Values of the Company.
Stages of Preparing Jasa Marga Vision, Mission and Values: 1. The Board of Directors evaluated company’s strengths and performances.2. The Board of Directors evaluated the Company’s strategic change of the external
environment and consider business opportunities in the future.
JASA MARGA VISIONVision for the year 2017
To Become Indonesia’s Top Leading Company in Toll Road Development and Operations
Vision for the year 2022
To become one of the Leading Companies in Indonesia
To provide clarity of direction and unifying focal point, the vision of the Company is being reviewed by evaluating the strength of the Company and the business opportunities in the long run either on the toll road business or other business.
The definitions of Leading Company are as follows: • FinancialsoundnessarerelativelyhighonIndustryandprovideslong-terminvestmentvalue.• Beingamarketleaderinitsindustry.• Alwaysmakesinnovationssoastohavetheexcellentqualityofproductandservice,throughcontinuous
innovation. • Havingasocialresponsibilitytothecommunityandtheenvironment.• HavinganexcellentmanagementoftheCompany.• BeingarolemodelintheHumanCapitalmanagementforanothercompanyandcareerchoicefortalented
people. In the formulation of the Company’s mission, re-evaluated the Company’s reason for being, the Company’s
fundamental purpose and communicate the value of the Company.
In the formulation of the Company’s mission, re-evaluated the Company’s reason for being, the Company’s fundamental purpose and communicate the value of the Company.
JASA MARGA MISSION 1. To achieve accelerated development of the toll road. 2. To provide efficiently and reliably toll road. 3. Improve the smoothness of goods and services distribution
The company’s mission shows that the Company consciously understands its presence in the course of business development and operation of toll roads, with the tasks to realize the acceleration of the construction of the toll roads to support the economic growth program launched by the Government. In addition, the Company also understands that the existence of toll roads managed by the Company should provide benefits for road users who require an efficient and reliable toll roads for the smoothness of goods and services distribution.
Jasa Marga Vision and Mision
Jasa Marga Strategy
KEY STRATEGIES To achieve its vision and mission, the Company establishes three main strategies as follows: a. Toll Road Business Development
• AddingtollroadstoincreasethevalueoftheCompany and to maintain a market share of at least 50% toll roads.
b. Toll Road Operation • Operatingefficient,safe,andhighqualitytoll
road to improve operational performance. • Providingexcellentservicetoroadusers,
community, and government. c. Other Business Development
• Developotherbusinessesthatarestrategicallystrengthening development strategies and operation of toll roads.
• Increaserevenuebyleveragingtheresourcesofthe Company.
SUPPORT STRATEGY a. Financial control Financial control to increase the value of the
Company, supporting the Company’s growth and maintain financial sustainability.
b. Organization and Human Capital Increased competence and preparation of
leadership cadres as well as the talented employees that support the transformation of the organization to improve the productivity and growth of the Company
c. Information Technology and Engineering Engineering and implementation of information technology to improve efficiency, productivity and performance of the Company.
d. Compliance and Risk Management Risk Management and the implementation of
good corporate governance to enhance the Company’s beliefs and values.
3. The Board of Directors evaluated and identified the expectations and needs of stakeholders.
4. The Board of Directors considered the Strength of Internal and External Opportunities and expectations of stakeholders, the Board of Directors formulated the vision and mission of the Company.
5. Vision and Mission is subsequently delivered and evaluated by the Board of Commissioners which then determined and agreed by the Board of Commissioners and Board of Directors.
6. The Board of Directors set the vision and mission through the Company Directors’ Decree.
Board of Commissioners and Board of Directors have annual regular meeting to evaluate the achievement of the Vision and Mission of the Company.
DIRECTORS AND BOARD OF
COMMISSIONERS
VISION AND
MISSION
THE ACCOMPLISHMENT
AND COMPANY’S INTERNAL STRENGTH
STRATEGIC CHANGE ON EXTERNAL
ENVIRONMENT AND BUSINESS OPPORTUNITY
Chart on Jasa Marga Vision & Mission Process
THE NEEDS AND EXPECTATIONS OF STAKEHOLDERS
Since the formulation of the Vision and Mission of the Company in 2013, the Company made strategic moves in order to achieve Vision 2017 "Becoming a Leader and Developer of Operator Toll Road in Indonesia".
To support the Vision and Mission of the Company continues to develop in various aspects:
Business development• TollRoadBusinessDevelopment In 2016, the Company managed to
increase 5 toll road concession rights with the acquisition of Batang-Semarang, Balikpapan-Samarinda, Manado-Bitung, Pandaan-Malang and Jakarta-Cikampek Elevated II Toll Roads. With the addition of five toll roads , then the Company has the right road concession 1,260 km expressway along the length of the operated toll road along the 593 km. It makes The Company remains as a leader in the road industry toll Indonesia with a market share of road operates toll amounted to 61% of the total length operates toll roads in Indonesia.
• OtherBusinessDevelopment To support the continued non-toll road
business in the future, in 2013 the Company formed PT Jasamarga properti majoring at property development in toll road area. In 2015, the Company established PT Jasa Layanan Operasi as toll road operator services.
OperationThe Company is committed to continue to provide the best service for toll road users by operating efficient, safe toll road toward toll road users, and continue to add quality to by adding more Automatic Toll Gate (GTO), Traffic Information Board (VMS), CCTV and fulfillment of Minimum Service Standards Minimal (SPM). In addition, the Company also did the integration Jakarta-Brebes Toll Road and implement the new joint electronic payment which consists of Bank Mandiri, BRI, BNI, and BTN (Himbara) and BCA.
FinanceTo support the financing, the Company Rights Issue amounting to Rp 1.78 trillion.
Human ResourcesTo support business growth of the company, the Company is committed to prepare Its Human Capital by recruit new employees as well as conduct education and training to provide scholarships to high performing employees. In the year of 2016, the Company recruited 140 new graduates toto prepare a cadre of the Company.
By these, the Company is optimistic to be able to achieve the vision "Becoming a Leader and Developer of Operator Toll Road in Indonesia".
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8 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
JASA MARgA VAlUE AND CUlTURE
To achieve the vision and mission, Jasa Marga compiled
Values guiding principles for behavior and decision making.
To that end, Jasa Marga to develop values based on
four fundamental values that are recognized and jointly
developed: JSMR (Honest -Spry- Capable - Respect).
The values have been approved by the Board of
Commissioners and Board of Directors with Decree No.
50 / KPTS / 2013 dated March 1, 2013 on the Vision,
Mission and Values of the Company. To show seriousness
and to monitor the effectiveness of the company’s values,
the company established a guideline to socialize and to
evaluate the Vision, Mission and Values of companies
contained in Decree No. 173 / KPTS / 2014 dated October
15, 2014.
Statement Regarding the Company’s Corporate Culture The implementation of good corporate governance will
be successful if it is supported by a strong corporate
culture. Cultural internalization approach is done through
intervention at all three aspects, namely leadership,
systems and employees. With this approach, Jasa Marga
culture in addition to written policies and procedures,
has also become soft skills practiced by the Board of
Commissioners, Directors and employees in the execution
of their daily work.
FOUR JASA MARGA PRINCIPAL VALUES THAT ARE RECOGNIzED AND JOINTLY DEVELOPED, AND USED AS A BASIS JASA MARGA EMPLOYEES IN INTERACTING wITH THE STAKEHOLDERS
Jasa Marga in operation always HONEST, fair, transparent and free from conflicts of interest.
J JUJURJasa Marga is spry to serve customers and other stakeholders by caring and proactive and still emphasizes prudence.
S SIGAPJasa Marga is capable in working on the basis of competence, consistency and innovation.
M MUMPUNIJasa Marga always shows a respect to stakeholders in synergizing for achievements
R RESPEK
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9PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
The Main Points of Jasa Marga Culture The company has established a set of Jasa Marga values as a corporate culture that forms the basis for Jasa Marga
individuals in interaction with stakeholders. The description of Jasa Marga values based on the Decision of the Jasa Marga
Board of Directors No. 08 / KPTS / 2016 on the description of PT Jasa Marga (Persero) Tbk. values as follows:
THE DESCRIPTION OF JSMR SET OF VALUES AS CORPORATE CULTURE
Tata Nilai Definisi Penjabaran
J JUJURJasa Marga in operation always HONEST, fair, transparent and free from conflicts of interest.
Honest: The spirit of the integrity of conscience, not just complying with regulations.
Fair: Upholding the equality and fairnessTransparent and free from conflicts of
interest: Independent and objective.
S SIGAPJasa Marga is spry to serve customers and other stakeholders by caring and proactive and still emphasizes prudence.
Capable: Having the ability and willingness to carry out the work.
Consistent: Dare to behave and be a role model (role model).
Innovative:Developing ideas for continuous improvement
M MUMPUNIJasa Marga is capable in working on the basis of competence, consistency and innovation.
Capable: Having the ability and willingness to carry out the work.
Consistent: Dare to behave and be a role model (role model).
Innovative:Developing ideas for continuous improvement
R RESPEKJasa Marga always shows a respect to stakeholders in synergizing for achievements
Respect: Respect for other parties proportionally.
Synergizing for achievements: Upholding the teamwork and managing diversity can add value.
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10 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
The Socialization On The Value of The Company To ensure the implementation of JSMR Values into the daily activities of the Company, the Company should
continuously disseminate the values to all Jasa Marga Individuals. Deployment and dissemination of values
is done via the Company’s internal and external sites, slide presentation in training activities or meetings,
installation of banners in strategic places in the office
Programs conducted in 2016 were:
1. The mandate to include Company Values in the document of procurement / services within the Company
and at the time of meeting explanation.
2. The online surveys regarding Vision, Mission and Values of the Company in all units and branches. The
evaluation includes evaluation of the understanding of the Vision, Mission and Values as well as an
evaluation of the effectiveness level of socializing Vision, Mission and values.
3. The elaboration of the Vision, Mission and Values of down to operational level by the consultants. As
stipulated in the decision of the Board of Directors 08 / KPTS / 2016 on the description of PT Jasa Marga
(Persero) Tbk Values.
4. Socialization and survey on the understanding and effectiveness of Decree No. 173 / KPTS / 2014 dated
October 15, 2014.
Increase the commitment and the performance
of members of the organization
to support the achievement
of Jasa Marga performance
Foster attitudes and behavior that could play a role to contribute optimally to the achievement of Jasa Marga vision and mission
Introduce and give an exact overview on JSMR formally to all Jasa Marga
individuals
Instilling values JSMR to be reflected and in line with the behavior of Jasa Marga individuals every day
Instilling values JSMR to be reflected and in line with the behavior of Jasa Marga individuals every day
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11PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
The launching program of JSMR set of values was initiated
on October 15, 2014 in accordance with the Decree of
Directors No. 173 / KPTS / 2014, either directly or cascading,
but its effectiveness has not been measured. With the help
of Management Consultants, on 6 to 22 March 2015 Culture
Assessment (Measurement Culture) online was conducted
and addressed to all Jasa Marga respondents, taking into
account the socialization and internalization efforts that have
been made by Jasa Marga some time ago.
JSMR Culture Assessment focused on:
1. Awareness.
2. Understanding.
3. Culture Index.
Furthermore, JSMR Measurement Culture will be conducted
once a year to evaluate and monitor the progress of JSMR
Values implementation. Thus all the activities related to
the effectiveness of implementation of JSMR Values can
be measured and the advantages and disadvantages can
identified to be managed.
By taking the results of JSMR Measurement culture into account, the company designed a program of re-launching the
JSMR elaboration which aims to revive the spirit in applying JSMR further by taking the successful socialization and
internalization into account with the following results:
The results of measurement in the comprehension level on the company’s vision, mission and values in the Year 2016.
Level Hasil (%)
Comprehension level the company’s Vision, Mission and Values Internally 89.25
Comprehension level the company’s Vision, Mission and Values Externally 76.00
Culture Implementation Phase
Mulai
Selesai
Current Conditions
1 Operational Organization
Culture Assessment
Index
Organization Culture
Implementation
Roll-out program of
socialization and
internalization of
organizational culture
Evaluation and Monitoring System as
feedback for improvement
Implementation r
roll out, socialization and
internalization corporate culture
Kick-off meeting & Strategy
Exploratory Meeting
Mengkaji kondisi
organisasi
1. Melakukan culture
assessment2. Melakukan
analisis kesenjangan
Menyusun sasaran, strategi
dan program implementasi
budaya organisasi
Prepare roll-out program of
socialization and internalization of
organizational cultur
Menyusun Sistem
Evaluasi dan Monitoring
sebagai umpan
balik untuk perbaikan
Roll out, socialization and
internalization of the corporate
culture Describing
organization values to become
more operational
3
4
56
7
2
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12 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
JASA MARgA IN BRIEF
Jasa Marga Milestones
1978 1983
2009
2011
2008
2012
2007
2013
o Jasa Marga was established with focus on business management, maintenance and procurement of the tollroad network.
o Jagorawi as the first tollroad in Indonesia began operations.
Semarang Toll Road operations.
· The initiation of Jakarta-Tangerang Toll Road.
· The initiation of Prof. Dr. Ir. Sedyatmo Toll Road. (airport tollroad)
· The initiation of Surabaya-Gempol Toll Road. The initiation of Belmera (Belawan- Medan-Tanjung Morawa) Toll Road.
· The Change on Jasa Marga Logo Reflecting Modernization and Transformation.
· Jasa Marga became a public company through an Initial Public Offering (IPO) and listed its shares on the Indonesia Stock Exchange.
· integrated JORR from Ulujami-Cilincing.
The Signing of Kunciran-Serpong Toll Road concession agreement
· The initiation of Bogor Outer Ring Road (Section 1 Segment South Sentul-Kedung Halang).
· Implementation of e-Toll Card.
· The Signing of Cengkareng-Kunciran Toll Road concession agreement.
· Acquisition of Toll Road Surabaya - Mojokerto.
· The initiation of Surabaya-Mojokerto Toll Road (Section 1A Waru-Along Segment) and Semarang-Solo Toll Road (Section 1 Segment Semarang-Ungaran).
Implementasi e-Toll Pass.
The initiation of Nusa Dua-Ngurah Rai-Benoa Toll Road (Bali Mandara Toll Road) and W2 North JORR (Kebon Jeruk Toll-Ciledug).
Forming of PT Jasamarga Property
· The signing of the Nusa Dua-Ngurah Rai- Benoa Toll Road Concession Agreement.
Akuisisi PT Jasa Layanan Pemeliharaan (JLP)
2010
19861984
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13PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
Pengoperasian Jalan Tol Jakarta-Cikampek.
The initiation of Padaleunyi Toll Road (Padalarang- Cileunyi)
The initiation of Jakarta Out-er Ring Road (Section S Segment Pondok Pinang-Lenteng Agung).
• Governmentofferedthe opportunities for the private sector to participate in tollroad business through Build, Operate and Transfer (BOT) system with Jasa Marga.
• JakartaTollroadsoperated by Jasa Marga initiated its operations gradually
The initiation of Palikanci Toll Road (Palimanan- Kanci).
Forming of PT Jalantol Lingarluar Jakarta
Cipularang Toll Road (Cikampek Purwakarta- Padalarang) Operations.
The Signing of Toll Road Concession Agreement on Bogor Outer Ring Road, Semarang-Solo Toll Road Concession, Gempol- Pasuruan Toll Road Concession, Gempol- Pandaan Toll Road Concession, JORR W2 North Toll Road Concession, Surabaya-Mojokerto Toll Road Concession and 13 toll roads have been operated by Company.
The authority function was returned to the Government: Toll Road Regulatory Agency (BPJT) under the Ministry of Public Works.
The initiation of Semarang-Solo toll road ( section 2 Ungaran-Bawen segment), Bogor Outer Ring Road (section 2A Kedung Halang-Kedung Rhinos) and JORR W2 North Toll Road (Ciledug-Ulujami segment)
• TheacquisitionsofSolo-Ngawi, Ngawi- Kertosono, and Cinere-Serpong Toll road
• TheoperationofGempol-Pandaan Toll road
• FormingofPTJasaLayanan Operasi
• OperationofSurabaya-Mojokertosection 4: Krian-Mojokerto toll road
•WinningtenderofBatang-Semarang, Balikpapan-Samarinda, Manado-Bitung dan Pandaan-Malang Toll Road
• IntegrationofJakarta-BrebesTollRoad
ª Winning the concession tender on Kualanamu- Medan-Tebing Tinggi Tollroads.
•Signingoftheoperationof Surabaya-Manudra Toll Bridge
2015 20162014
1987 1988 1990 1991
1998
2006 2004 2003 2002
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14 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
THE FOUNDATION STONE
To support economic growth, Indonesia needed reliable road
networks. PT Jasa Marga (Persero) Tbk. was formed by the
Indonesian Government based on Indonesian Government
Regulation No. 04 year 1978 on Capital Investment of the
Republic of Indonesia in the Company establishment in
the area of management, maintenance and procurement of
toll road network, as well as the provisions of the business
(State Gazette of the Republic of Indonesia No. 04 in 1978
in conjunction with the Decree of the Minister of Finance of
the Republic of Indonesia No. . 90 / KMK.06 / 1978 on The
Determination of Capital of the Company (Persero) PT Jasa
Marga dated February 27, 1978).
BRIEF hISTORY OF JASA MARgA
The Company was established based on the Deed No. 1
dated March 1, 1978, under the name, “PT Jasa Marga
(Indonesia Highway Corporation)”, as amended by Deed
No. 187 dated May 19, 1981 and the Company’s name was
changed to “PT Jasa Marga (Persero)”, both made before
Kartini Muljadi, SH., in Jakarta.
Based on the decision from General Meeting Extraordinary
Shareholders on September 12, 2007 on changes to the
whole Statutes in relation to Initial Public Offering, including
an increase in the authorized capital, issued and fully paid,
change in par value and class of shares , changes in the
company’s status from private to public company, and the
name change of the company into (Persero) PT Jasa Marga
(Indonesia Highway Corporatama) Tbk. or PT Jasa Marga
(Persero) Tbk. Decisions about changes in the Statutes was
Jalan Tol Dalam Kota
Tempo Dulu, “Panco
ran”
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15PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
stated in the Deed No. 27 dated 12 September 2007 before
the Notary Ny. Poerbaningsih Adi Warsito, SH. The deed
was approved by the Minister of Law and Human Rights of
the Republic of Indonesia through Decree No. W7-10487
HT.01,04 TH.2007 September 21, 2007.
The statute had been amended several times and the latest
statute was published in Supplement No. 27404 of the
Official Gazette of the Republic of Indonesia on December
12, 2008 No. 100, and the amended deed No. 33 dated April
5, 2011 were made before Mrs. Poerbaningsih Adi Warsito,
SH., Notary in Jakarta following the approval of the Minister
of Law and Human Rights No. AHU-20 288, AH.01,02
Tahun 2011 dated April 21, 2011 and Act No. 95 dated
June 21, 2012 that was made before Mrs. Poerbaningsih
Adi Warsito, SH., Notary in Jakarta following receipt of the
notification letter from the Directorate General of General Law
Administration of the Ministry of Human Rights No. AHU.
AH.01,10-25313 dated July 10, 2012 and the Deed No. 61
dated March 26, 2015 was made before Ir. Nanette Cahyanie
Handari Adi Warsito, SH., Notary in Jakarta following the
Letter of Acceptance Notice of Amendment by the acting
Director General of Law Administration of the Ministry of
Human Rights No. AHU-AH.01,03-0019825 dated March
27, 2015 and had been registered in the Company Register
No. AHU-0036530, AH.01,11, 2015 dated March 27, 2015
as published in Supplement No. 1160/L from BNRI Date
November 27, 2015 No. and the amended deed No. 39
Dated December 20, 2016 made before Ir. Nanette Cahyanie
Handari Adi Warsito, SH, Notary in Jakarta following The
Letter Of Acceptance Notice Of Amandment From The
Director General Law Administration Of The Ministry Of
Human Rights No. AHU-AH.01.03-0110503 dated December
21, 2016 and had been registered in the Company Register
No. AHU-0153029. AH.01.11. dated December 21, 2016.
THE CHANGE OF THE COMPANY’S NAME
In addition to the name change of the company from limited
liability toa public company, the Company never changes its
name.
BUSINESS ACTIVITIES
Under Article 3 of the Statute, the purpose and objectives
of the Company are participating in implementing and
supporting policies and programs of the Government in the
economic and national development in general, especially in
the area of toll road concession with its supporting facilities
by applying the principles of limited company. To achieve the
objectives, the Company is implementing the following main
business activities:
1. Technical planning, construction, operation and / or
maintenance of toll roads.
2. Acquiring the land in toll road area (Rumijatol) and the
Rumijatol border area for rest area and service, along with
The facilities and other businesses.
The business activities conducted by the Company through
the process of planning, building, operating and maintaining
the tollroads as well as a means of apparatus that can serve
as a toll road give higher benefits than non-toll public roads.
Based on the Statute, in addition to the main business
activities, the Company is also supporting business activities,
namely:
1. property development in the area adjacent to the tollroads
corridors.
2. Development services to businesses related to modes
/ means of transportation, distribution of liquid / solid /
gas material, information networking, technology and
communication, related to highway corridors.
3. Trading and services for service construction,
maintenance and operation of toll roads.
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16 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
JASA MARgA BUSINESS PROCESSES
PT Jasa Marga (Persero) Tbk has had business processes integrated with each other in the operating and constructing toll
roads in Indonesia in order to give value added for stakeholders including customers. The main work system consists of three
(3) systems: Toll Road Work Development System, Toll Road Operation Work System and Non Tol Development Work System.
The main system pays attention to three (3) input elements namely Customer Expectations, Capabilities and Capacity Supplier
Partners and Stakeholders Expectations. The main system is supported by a support system as described in the figure below:
Regulation, Management Information Systems, Audit Management, Procurement Management, Financial Management, Human
Resources Management, Management excellence, Quality Management and Risk Management.
PEMEGANG SAHAM
MITRA
KOMUNITAS
PEMERINTAH
SERIKATPEKERJA
PELANGGAN
APengelolaan
LayananTransaksi
VP OM
FPengelolaan
SDM
VP HCSP
IPengelolaan
SDM
Administrasi Perusahaan
VP GA
FManajemenKorporasi
CorporateSecretary
GPengelolaanKeuangan
VP F & A
GPengelolaan
Logistik
GM GA
GPengelolaan
K 3 L
VP RQM
HPengelolaan
Teknologi Informasi
VP IT
HManajemen
Bisnis
VP BusinessManagement
HPengelolaanHukum danKepatuhan
VP Legal
OPerencanaanPerusahaan
VP CP
P
QManajemen
Risiko
VP RQM
RPengelolaan
Audit
Head of IA
SPengukuran
KinerjaManajemen
VP CP
TPengelolaan
IMS
VP RQM
FPengelolaan
Inovasi
VP RQM
BPengelolaan
LayananLalu Lintas
VP OM
CPengelolaan
LayananKonstruksi
VPMaintenance
D
E
INTIPENDUKUNG PERENCANAAN
TINJAUAN DAN PERBAIKAN
PengembanganUsaha Jalan
Tol
VP TRBD
PengembanganUsaha Lain
VP RBD
Perencanaan dan Pengembangan Teknik Jalan tol
VP HEPD
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17PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
TOll ROAD INDUSTRY DEVElOPMENTS IN INDONESIA
1978
Historical development of toll road industry in Indonesia
began in 1978, when the Jagorawi Toll Road officially began
its operation for the first time. The development of Jagorawi
toll road, which connecting Jakarta-Bogor-Ciawi, was carried
out by the government by using state budget and foreign
loans, which
was handed over to PT Jasa Marga (Persero) Tbk. as equity.
1980
At the end of the decade of the 1980s, the Indonesian
government began to include private investors to participate
in the construction of toll roads through the mechanism of
Build, Operate and Transfer (BOT).
2004
The enactment of Law No. 38 of 2004 on Road replaced
Law No. 13 in 1980 as well a the issuance of Government
Regulation No. 15 of 2005 which regulates more specific
about toll road, a change in the mechanism of the toll road
business of which is the establishment of the Toll Road
Regulatory Agency (BPJT) as a regulator of the toll road
industry in Indonesia, and the setting up of toll rates by the
Minister of Public Works with tariff adjustments made every
two years, takin into account the inflation rate.
BUSINESS DEVElOPMENT OF JASA MARgA
At its inception, the Company played a role not only as an
operator but takes responsibility as a toll road authority in
Indonesia. Until 1987, the Company was the only authorized
provider of toll roads in Indonesia whose development is
Process Core (Core Process)
The core process is a process that is carried out on the basis
boost customer demand and other Stakeholders in the form
of products and services, so that these requirements can be
met in the products offered to create customer satisfaction.
Block Process contained in the core processes include:
A = Management Transaction Services
B = Management Service Traffic
C = Construction Management Services
D = Business Development Toll Road
E = Other Business Development
Process Support (Support Process)
Supporting processes are processes that appear over basic
needs for their core processes or process planning results
are directly or does not directly support the core processes.
Judging from the nature processes, supporting processes
is also an important process PT Jasa Marga (Persero) Tbk,
because without this process
implementation of core processes can not be implemented.
Block Processes contained in the Supporting Process
include:
F = Human Resources Management
G = Financial Management
H = Management of Information Technology
I = Management Company Administration
J = Logistics Management
K = Business Management
Process Planning (Planning Process)
Planning processes are processes implemented on the basis
of a business plan and objectives PT Jasa Marga (Persero)
Tbk. This process is intended to anticipating changes in
the business environment, both internally and externally,
so that consistency of quality product and organizational
performance can still be maintained. Block Processes
contained in the planning process include:
O = Planning Company
P = Planning and Development Engineering Toll Road
Q = Risk Management
Review and Improvement Process (Review & Improvement
Process)
Process review and improvement are processes carried out
by looking at the results of various Work System elements
are in need of repair / improvement. In connection with
efforts to increase the efficiency and effectiveness of PT
Jasa Marga (Persero) Tbk is sustainable. Specifically activity
contained
in this process are matters relating to compliance and
consistency in the implementation of the JM WAY. Process
block contained in the Review Process and Improvements
include:
R = Audit Management
S = Management Performance Measurement
T = Manage IMS
U = Management
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18 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
funded by the Government with funds coming from foreign
loans and bond issuance by Jasa Marga. As the first toll road
in Indonesia operated by by the Company, Jagorawi Toll
Road (Jakarta-Bogor-Ciawi) represents a milestone for the
development of toll road industry in the country that started
operation since 1978.
In the decade of the 1990s, the Company is acting as the
authority institution that facilitates private investors which
largely had failed to realize the projects. Some toll roads were
then taken over by the Company including JORR (Jakarta
Outer Ring Road) and Cipularang.
With the issuance of Government Regulation No. 15 of
2005 regulating the toll road business, the role of the
Company’s authority was handed back to the Government.
As a consequence, the Company exercises its functions as
a developer and operator of toll roads that will get the toll
operating license from the Government.
The construction and operation of the toll road since then
was based on the concept of investment in which the
Company as an investor will invest in toll roads that have
adequate level of financial return in accordance with the
concession period. The process to get a new toll road
concessions should also be done through the establishment
of separated business entities. The acquisition of toll
road concession can be obtained in three ways, namely
by participating in tender of toll roads organized by the
government, the acquisitionby increasing share ownership
on toll roads that are potential and through unsolicited way in
which the Company submitted to the government to build a
toll road sections that are not in the government’s plan.
To support the expansion and development of the Company,
the Company became a public company and listed listed
on the Indonesia Stock Exchange (formerly Jakarta Stock
Exchange) since the Government sold 30% of its shares to
the public on November 12, 2007.
Jembatan Susukan, Jalan
Tol Semarang-Solo
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19PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
TOLL ROAD BUSINESS DEVELOPMENTThrough the Toll road Business Agreement or Perjanjian
Pengusahaan Jalan Tol (PPJT) signed on 7th of July 2006, 13
(thirteen) Corporate toll roads that has already operating at
that time had concession time for 40 years started effectively
since 1st January 2005, with exception PPJT JORR Section
S that in 2013, Jasa Marga has been appointed as temporary
operator based on the Decision Letter of Minister of Public
Works No. 80.1/KPTS/M/2013
on Temporary Operation of Jakarta Outer Ring Road Pondok
Pinang – Jagorawi Section or Jalan Tol Lingkar Luar Jakarta
Seksi Pondok Pinang-Jagorawi (JORR S). In its development,
the Corporate continuously put the effort to add the
ownership of new toll road concession. Since 2006, the
Corporate has signed 6 (six) Toll road Business Agreement
of perjanjian pengusahaan jalan tol (PPJT) which are Bogor
Outer Ring Road Toll road which concession is being held
by PT Marga Sarana Jabar, Semarang-Solo Toll road by
PT Trans Marga Jateng, Gempol-Pasuruan Toll road by PT
Transmarga Jatim Pasuruan, PPJT Gempol-Pandaan by PT
Jasamarga Pandaan Tol, JORR W2 North Toll road by PT
Marga Lingkar Jakarta, and Surabaya-Mojokerto Toll road by
PT Marga Nujyasumo Agung.
In addition to continuously try to add the total of new toll
road concession, the Corporate also adds the portion of
ownership in the Subsidiaries of toll road concession holders.
In 2009, the Corporate improved the share ownership
inclusion and becomes the majority share holders to PT
Marga Kunciran Cengkareng, the concession holder of
Cengkareng-Kunciran Toll road; PT Marga Trans Nusantara,
concession holder of Kunciran-Serpong Toll road; and PT
Marga Nujyasumo Agung, concession holder of Surabaya-
Mojokerto Toll road that has concession time of 35 years.
In 2011, the Corporate improved the inclusion of share
ownership to be the majority share holder by purchasing
share of the existing share holders in PT Marga Bumi
Adhikaraya as Gempol-Pandaan Toll road concession
holder with concession time of 35 years. In addition to that,
together with 4 (four) consortiums of SOE, ROE, and Local
Governemnt, the Corporate is appointed as the initiator of
Nusa Dua-Ngurah Rai-Benoa Toll road Project in Bali with
concession time of 45 years.
In 2014, together with 3 (three) SOE consortiums, the
Corporate won the tender of Medan-Kualanamu-Tebing
Tinggi Toll road Business, that until the end of 2014 through
Subsidiaries established by the Corporate with several
business partners in which the Corporate has majority
ownership more than 51%, the Corporate has additional 10
(ten) new toll roads with length of 273 km.
And then in 2015, the Corpoate acquired the Solo-Ngawi
Toll road, Ngawi-Kertosono Toll road, and Cinere-Serpong
Toll road. While in 2016, the Corpoate has won the tender of
Semarang-Batang Toll road (75 km), Balikpapan-Samarinda
Toll road (90,10 km), Manado-Bitung Toll road (39,9 km),
Pandaan-Malang Toll road (37,6 km) and Jakarta-Cikampek II
Elevated Toll road (36,4 km) which is the Corporate’s initiation
project. Until 31st of December 2016, through 9 (nine)
Branches and 18 (eighteen) Subsidiaries in toll road business,
the Corpoate is the concession holder for 31 toll roads which
19 of them are with length of 593 km have been gradually
operated, which are Bogor Outer Ring Road Toll road Sentul
Selatan-Kedung Badak Road (5,9 km); Semarang-Solo Toll
road Semarang-Bawen Road (23,1 km); Surabaya-Mojokerto
Toll road Waru-Sepanjang Road (2,3 km) and fully operates
Nusa Dua-Ngurah Rai-Benoa Toll road (10 km); JORR W2
North Toll road (7,7 km); and Gempol-Pandaan Toll road
(13,61 km). Therefore, the Corporate has concession right
of 1261 km in which the Corporate still as the market leader
with ownership of 61% concession right of Toll road in
Indonesia.
OTHER BUSINESS DEVELOPMENTIn addition to working in toll road business, the Corporate
also conducts several other businesses to synergize
and maximize the development of assets owned by the
Corporate. The business activity is being strengthen with the
establishment of three subsidiary entities, which are PT Jasa
Layanan Pemeliharaan (JLP) – previously PT Sarana Marga
Utama, which was established in 1988 and acquired since
2010 works in construction services, trading, and vehicle
rental; PT Jasamarga Properti thata was established in 2013
and works in development, trading, and property-related
services; and PT Jasa Layanan Operasi that was established
in 2015 and works in Toll road Operation services.
Based on the operated type of business, the Corporate’s
operating revenue is generated from the transaction of
vehicle that passes the toll road (toll revenue) and other
operating revenue that consists od land lease, advertising
revenue, rest area, and other party toll road operating service
as well as maintenance services.
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20 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
In order to achieve the Vision and Mission as well as the Corporate’s business strategic plan and according to strategic policy in competency-based human capital, the Corporate required organization that is function grouping with hard and soft competencies approach to support the effectiveness and performance of the organization.
JASA MARgA STRUCTURE OF ORgANIzATION Based on Board of Directors Decision Letter No. 156KPTS/2016 dated on 29th September 2016
STRUCTURE OF ORgANIzATION
CORPORATEPLANNING DIVISION
TOLLROAD BUSINESSDEVELOPMENT
DIVISION
INFORMATIONTECHNOLOGY
DIVISION
CORPORATE SECRETARY
FINANCE ANDACCOUNTING
DIVISION
BUSINESSDEVELOPMENT related DIVISION
BUSINESSMANAGEMENT
DIVISION
INTERNAL AUDIT
LEGAL ANDCOMPLIANCE
DIVISION
RISKAND QUALITYMANAGEMENT
DIVISION
HIGHwAYENGINEERINGPLANNING &
DEVELOPMENTDIVISION
TOLL ROAD SUBSIDIARIES COMPANIES
NON TOLL ROAD SUBSIDIARIES COMPANIES
FINANCE DIRECTOR
DEVELOPMENTDIRECTOR
PRESIDENT DIRECTOR
OPERATIONDIRECTOR I
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21PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
HUMAN CAPITAL STRATEGY &
POLICY DIVISION
OPERATIONMANAGEMENT
DIVISION
HUMAN CAPITAL SERVICES DIVISION
MAINTENANCE DIVISION
JASA MARGA DEVELOPMENT CENTER UNIT
COMMUNITY DEVELOPMENT PROGRAM UNIT
GENERAL AFFAIR
DIVISION
BRANCHOFFICES
OPERATIONDIRECTOR II
HUMAN CAPITAL & GENERAL DIRECTOR
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22 PT Jasa Marga (Persero) Tbk.
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2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
Perseroan memiliki 5 direktorat yang setiap direktorat memiliki fungsi dan ruang lingkup kerja masing-masing.
In addition to the above work units, the Corporate also has several work units that are directly controlled by
Managing Director that are Internal Audit and Corporate Secretary Units. As for the Toll Road Subsidiaries and
Non Toll Road Subsidiaries, are under the control of Corporate’s Board of Directors.
Directorate of Development Toll Road Business Development Division; Related Business Development Division; and Highway Engineering Planning and Development Division
• Ensurethetollroadbusinessdevelopmentstrategicplanandotherbusinesses and planning and development of toll road techniques
• CoordinatethecontrolofTollroadSubsidiariesandOtherBusiness’Subsidiaries.
Directorate of Operation I Information and Technology Division andBusiness Management Division
• Ensuretheavailabilityofstrategicplanincorporatetechnologyandcommunication and direct, lead, and control the implementation of activity and work program in Subsidiary’s Toll road operation.
• CoordinatethecontrolofTollroad’sSubsidiaryofconstruct-operatestage and operation and other business implementation.
Directorate of Operation II Operation Management Division, Maintenance Division and Branch
• Ensuretheavailabilityofstrategicplanintollroadoperationandmaintenance and direct, lead, control the implementation of activity and work program in toll road operation and maintenance implemented by Branch.
• DirectsthemanagementofTollroadSubsidiaryinOperationandMaintenance.
Directorate of Human Resources and General Affairs
Human Capital Strategy and Policy Division, Human Capital Services Division, Jasa Marga Development Program Unit, Community Development Program Unit and General Affairs Division.
• Ensuretheavailabilityofstrategicplaninhumancapitaldevelopmentand management, general affairs, and partnership program, and environmental development.
• DirectthemanagementofSubsidiaryinhumancapitalmanagementandgeneral affairs.
Directorate of Finance Corporate Planning Division, Finance and Accounting Division,Risk and Quality Management Division and Legal andCompliance Division
• Financemanagementandriskandqualitymanagementinvestmentaswell as legal and compliance.
• ProvidesdirectionontheimplementationandmanagementofSubsidairyin finance, legal, and compliance and risk, quality and excellent performance
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23PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
kEY STAkEhOlDERS, SUBSIDIARY ENTITY & ASSOCIATION ENTITY
JASA MARgA gROUP STRUCTURE OF COOPERATION
JASA MARgA gROUP STRUCTURE OF COOPERATION(per 31 DeCember 2016)
PT Jasamarga Surabaya Mojokerto
55%
PT JalantolLingkarluar
Jakarta99.9%
PT Marga LingkarJakarta
65%
PT Solo Ngawi Jaya60%
PT Jasamarga Balikpapan Samarinda
55%
PT JasamargaProperti99.8%
PT Jasamarga Manado Bitung
65%
PT Jasa LayananOperasi99.9%
PT Marga Sarana Jabar55%
PT TransMargaJateng73.9%
PT Ngawi Kertosono
Jaya60%
PT Cinere Serpong
Jaya55%
PT Jasamarga Semarang
Batang 60%
PT Jasamarga Jalanlayang
Cikampek80%
PT Jasamarga Pandaan Malang
60%
PT Jasa Layanan
Pemeliharaan99.7%
PT TransmargaJatim
Pasuruan98.8%
PT JasamargaPandaan Tol
92.2%
PT JasamargaBali Tol
55%
PT JasamargaKualanamu
Tol55%
PT JasamargaKunciran
Cengkareng76.2%
PT Marga TransNusantara
60%
PT JASA MARGA (PERSERO) Tbk.
30%
REPUBLIC OF INDONESIA
70%
PUBLIC
ENTITAS ANAK(KEPEMILIKAN >50%)
PT Trans Lingkar Kita
Jaya21.24%
PT Ismawa Trimitra25.00%
ENTITAS ASOSIASI(KEPEMILIKAN 20%-50%)
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24 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
SUBSIDIARY ENTITY
asa Marga Subsidiary Table (per 31st December 2016)
No. Name of Entity Share Ownership Business Line Status*
1 PT Jalantol Lingkarluar Jakarta
• Jasa Marga: 99,9%• Inkopkar Jasa Marga: 0,1%
Jakarta Outer Ring Road Toll road Business
Operating
2 PT Marga Sarana Jabar • Jasa Marga: 55%• PT CMNP Tbk: 30,00%• PT Jasa Sarana: 15,00%
Bogor Outer Ring Road Toll road Business
Operating
3 PT Trans Marga Jateng • Jasa Marga: 73,9%• PT Sarana Pembangunan Jawa Tengah:
1,09%• PT Astratel Nusantara: 25,00%
Semarang-Solo Toll road Business
Operating
4 PT Jasamarga Kunciran Cengkareng
• Jasa Marga: 76,2%• CMS WIL: 21,00%• PT Wijaya Karya: 2,10%• PT Nindya Karya: 0,28%• PT Istaka Karya: 0,42%
Cengkareng-Kunciran Toll road Business
Not yet operating
5 PT Marga Trans Nusantara
• Jasa Marga: 60%• PT Astratel Nusantara: 30,00%• PT Transumata Arya Sejahtera: 10,00%
Kunciran- Serpong Toll road Business
Not yet operating
6 PT Marga Lingkar Jakarta
• Jasa Marga: 65%• PT Jakarta Marga Jaya: 35,00%
JORR W2 North Toll road Business
Operating
7 PT Jasamarga Surabaya Mojokerto
• Jasa Marga: 55%• Moeladi Grup: 25,00%• PT Wijaya Karya: 20,00%
Surabaya- Mojokerto Toll road Business
Operating
8 PT Transmarga Jatim Pasuruan
• Jasa Marga: 98,8%• PT Jatim Marga Utama: 1,19%
Gempol- Pasuruan Toll road Business
Not yet operating
9 PT Jasamarga Pandaan Tol
• Jasa Marga: 92,2%• PT Jalan Tol Kab. Pasuruan: 7,80%
Gempol- Pasuruan Toll road Business
Operating
10 PT Jasamarga Bali Tol • Jasa Marga: 55%• PT Angkasa Pura I : 8,00%• PT Pelindo III: 17,58%• PT Pengembangan Pariwisata Bali: 1,00%• PT Adhi Karya: 1,00%• PT Hutama Karya: 1,00%• Pemerintah Provinsi Bali: 8,01%• Pemerintah Kabupaten Badung: 8,01%• PT Wijaya Karya: 0,40%
Nusa Dua-Ngurah Rai-Benoa Toll road Business
Operating
11 PT Jasa Marga Kualanamu Tol
• Jasa Marga: 55%• PT Waskita Karya: 15,00%• PT Pembangunan Perumahan: 15,00%• PT Waskita Toll Road: 15,00%
Medan- Kualanamu-Tebing Tinggi Toll road Business
Belum Beroperasi
12 PT Solo Ngawi Jaya • Jasa Marga: 60%• PT Waskita Toll Road: 40,00%• PT Ferindo Putra: 1 lembar saham
Solo- Ngawi Toll road Business Belum Beroperasi
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25PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
No. Name of Entity Share Ownership Business Line Status*
13 PT Ngawi Kertosono Jaya
• Jasa Marga: 60%• PT Waskita Toll Road: 40,00%• PT Ferindo Putra: 1 lembar saham
Ngawi- Kertosono Toll road Business
Not yet operating
14 PT Cinere Serpong Jaya • Jasa Marga: 55%• PT Waskita Toll Road: 35,00%• PT Jakarta Propertindo: 10,00%
Cinere- Serpong Toll road Business
Not yet operating
15 PT Jasamarga Semarang Batang
• Jasa Marga: 60%• PT Waskita Toll Road: 40,00%
Batang- Semarang Toll road Business
Not yet operating
16 PT Jasamarga Balikpapan Samarinda
• Jasa Marga: 55%• PT Wijaya Karya: 15,00%• PT Pembangunan Perumahan: 15,00%• PT Bangun Tjipta Sarana: 15,00%
Balikpapan-Samarinda Toll road Business
Not yet operating
17 PT Jasamarga Manado Bitung
• Jasa Marga: 65%• PT Wijaya Karya: 20,00%• PT Pembangunan Perumahan: 15,00%
Manado- Bitung Toll road Business
Not yet operating
18 PT Jasamarga Pandaan Malang
• Jasa Marga: 60%• PT Pembangunan Perumahan: 35,00%• PT Sarana Multi Infrastruktur: 5,00%
Pandaan- Malang Toll road Business
Not yet operating
19 PT Jasamarga Jalanlayang Cikampek
• Jasa Marga: 80%• PT Ranggi Sugiron Perkasa: 20%
Jakarta- Cikampek II Elevated Toll road Business
Not yet operating
20 PT Jasa Layanan Pemeliharaan
• Jasa Marga: 99,7%• Inkopkar Jasa Marga: 0,3%
Construction service, Toll road maintenance, Toll Vehicle Rental
Beroperasi
21 PT Jasamarga Properti • Jasa Marga: 99,8%• Inkopkar Jasa Marga: 0,2%
Property Business Development, and Trading and Services
Operating
22 PT Jasa Layanan Operasi • Jasa Marga: 99,9%• Inkopkar Jasa Marga: 0,1%
Toll road Operation Services Operating
Remarks:*) Status is toll road operation status for toll road business and service/other businesses’ status for non-toll business.
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26 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
TENTANg ENTITAS ANAk
1 PT Jalantol Lingkarluar Jakarta (JLJ)
JLJ is Jasa Marga subsidiary entity that works on toll road operation. JLJ main revenue is obtained from operation, maintenance, and security of Jakarta Outer Ring Road/JORR. JLJ was established on the 22nd December 2000
2 PT Marga Sarana Jabar (MSJ)
MSJ is Jasa Marga subsidiary entity that is established to run Bogor Outer Ring Road toll road business, that covers funding engineering planning, construction implementation, operation and maintenance of toll road, and other businesses in accordance to the applicable stipulations and law. The Bogor Outer Ring Road (BORR) Toll road Section 1 of 3,8 km long is operated since 23rd November 2009 and Section 2A of 2 km long operated since 4th June 2014. MSJ was established on 11th May 2007
3 PT Trans Marga Jateng (TMJ)
TMJ is Jasa Marga subsidiary entity that was established to conduct Semarang-Solo Toll road business that covers funding, engineering planning, construction implementation, operation, and maintenance of toll road, as well as other businesses in accordance to the applicable stipulations and law. Semarang-Solo Toll road Section 1 of 10,8 km long has been operating since 12th November 2011 and Section 2 of 12,3 km operating since 4th April 2014. TMJ was established on the 7th of July 2007
Commitee
· Komisaris Utama: Firmansjah· Komisaris: Siswadi· Direktur Utama: Yudhi Krisyunoro· Direktur: Satria Ganefanto
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 123.6 135.1 9.3
Commitee
• KomisarisUtama:AggiTjetje• Komisaris:SarwonoOetomo• Komisaris:Mulyadi• DirekturUtama:HendroAtmodjo• DirekturKeuangan:MuhdorNurohman• DirekturTeknik&Operasi:TitaPaulina
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 851.0 1,671.4 96.4
Commitee
• KomisarisUtama:IrawanSantoso• Komisaris:ReynaldiHermansjah• Komisaris:Sunaryo• DirekturUtama:DjadjatSudradjat• DirekturAdministrasi&Keuangan:HalimWahjana• DirekturTeknik&Operasi:AliZainalAbidin
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 4,475.2 5,604.8 25.2
Per 31 Desember 2016
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27PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
4 PT Jasamarga Surabaya Mojokerto (JSM)
MNA is Jasa Marga subsidiary entity that was established to implement the business activity in the project implementation that covers development, operation and maintenance of the Surabaya-Mojokerto Toll road in accordance to the applicable law. MNA is established on 19th of August 1994. Surabaya-Mojokerto Toll road Section 1A of 2,3 km long has been operating since 5th September 2011
5 PT Jasamarga Bali Tol (JBT)
JBT is Jasa Marga subsidiary entity that was established to implement the business of Nusa Dua-Ngurah Rai-Benoa Toll road that covers funding, engineering planning, construction implementation, operation & maintenance of Nusa Dua-Ngurah Rai-Benoa Toll road, as well as other businesses, in accordance to the applicable stipulation and law. JBT was established on 22nd August 2011. Nusa Dua-Ngurah Rai-Benoa Toll road of 10 km long, was inaugurated by the President of RI at that time, Susilo Bambang Yudhoyono on the 24th September 2013.
6 PT Marga Lingkar Jakarta (MLJ)
MLJ is Jasa Marga subsidiary entity that was established to implement the JORR W2 North Toll road Business that covers funding, engineering planning, construction implementation, operation and maintenance of JORR W2 North Toll road and other businesses in accordance to the applicable stipulations and law.MLJ was established on the 24th August 2009. JORR W2 North Toll road operation was inaugurated by the Minister of Public Works, Djoko Kirmanto on 27th December 2013 and has been fully operated for 7,7 km long since 22nd July 2014
Commitee
• KomisarisUtama:AgungYunanto• Komisaris:AmienMoeladi• Komisaris:MuhNajibFauzan• DirekturUtama:BudiPramono• DirekturKeuangan:SyafaruddinA.R.• DirekturTeknikdanOperasional:AriWibowo• DirekturAdministrasi&Umum:KamilRusnandar
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 3,278.6 3,832.5 16.9
Commitee
• KomisarisUtama:AbdulHadiHasbullah• Komisaris:USaefudinNoer• Komisaris:IGustiPutuNuriatha• Komisaris:KomyangRakaSwandika• Komisaris:RobertDanielWaloni• Komisaris:IWayanBlayuSuarjaya• DirekturUtama:AkhmadTitoKarim• DirekturKeuangan:RonnyHaryanto• DirekturTeknik&Operasional:AliSodikin
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 1,955.7 1,938.3 (0.9)
Commitee
• KomisarisUtama:SatyaHeragandhi• Komisaris:FransS.Sunito• Komisaris:TaruliM.Hutapea• DirekturUtama:EdwinCahyadi• DirekturKeuangandanUmum:SonhadjiSurahman
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 1,934.7 2,015.5 4.2
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28 PT Jasa Marga (Persero) Tbk.
Jasa Marga Profile
2016 Annual Report
JSMR Stock and Jasa Marga Bond
Board of Commissioners Report
Directors Report
Overview2016
Management Discussion And Analysis
Development of New Projects
7 PT Transmarga Jatim Pasuruan (TJP)
TJP is Jasa Marga subsidiary entity that was established to implement Gempol-Pasuruan Toll road Business that covers funding, engineering planning, construction implementation, operation, and maintenance of Gempol-Pasuruan Toll road as well as other businesses in accordance to the applicable stipulation and law. TJP was established on 28th June 2010. Until 31st December 2015, Gempol-Pasuruan Toll road has not yet operating as it is still in the stage of land release and construction. It is expected that Gempol- Pasuruan Toll road will be operated on 2017
8 PT Jasamarga Pandaan Tol (JPT)
JPT is Jasa Marga subsidiary entity that was established to implement Gempol-Pandaan Toll road Business that covers funding, engineering planning, construction implementation, operation, and maintenance of Gempol-Pasuruan Toll road as well as other businesses in accordance to the applicable stipulation and law. JPT was established on 25th September 1996. Gempol-Pandaan Toll road of 13,61 km long was inaugurated by President of RI Joko Widodo on 12th June 2015.
9 PT Marga Trans Nusantara (MTN)
MTN is Jasa Marga subsidiary entity that was established to implement Kunciran-Serpong Toll road Business that covers funding, engineering planning, construction implementation, operation, and maintenance of the toll road as well as other businesses in accordance to the applicable stipulation and law. MTN was established on 14th May 2008. Until 31st December 2015, Kunciran- Serpong Toll road has not yet operating as it is still in land release stage.
Commitee
• KomisarisUtama:ChristantioPrihambodo• Komisaris:Moh.NoorMarzuki• Komisaris:Imron,Ak.• DirekturUtama:AgusPurnomo• DirekturKeuangan:SyachrianiAtim• DirekturTeknik:Rahardjo
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 1,321.2 1,577.8 19.4
Commitee
• KomisarisUtama:Muslim• Komisaris:RudyHermawanKarsaman• DirekturUtama:Setiyono• DirekturKeuangan&SDM:TriRiyaningsih• DirekturOperasi&Umum:BahrulAlam
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 1,235.8 1,260.2 2.0
Commitee
• PresidenKomisaris:IrawanSantoso• WakilPresidenKomisaris:Subagyo• Komisaris:WiwiekDianawatiSantoso• PresidenDirektur:AgusAchmadi• Direktur:RachmatSoulisa
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 976.7 1.674.7 71.5
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29PT Jasa Marga (Persero) Tbk. 2016 Annual Report
Good Corporate Governance
Human Capital Management
Corporate Social and EnvironmentalResponsibilities
Statement Of Members Of Directors And Members Of Board Of Commissioners On The Responsibility For Annual Report 2016Pt Jasa Marga (Persero) Tbk.
Appendinx Consolidated Financial Report
10 PT Jasamarga Kunciran Cengkareng (JKC)
JASAMARGA KUNCIRAN CENGKARENGPENYELENGGARA JALAN TOL KUNCIRAN-CENGKARENGKelompok Usaha Jasa Marga
MKC is Jasa Marga subsidiary entity that was established to implement Kunciran-Cengkareng Toll road Business that covers funding, engineering planning, construction implementation, operation, and maintenance of Kunciran-Cengkareng toll road as well as other businesses in accordance to the applicable stipulation and law. MKC was established on 14th May 2008. Until 31st December 2015, Kunciran-Cengkareng Toll Road has not yet been operating as it is still in land release stage.
12 PT Solo Ngawi Jaya (SNJ)
SNJ is Jasa Marga subsidiary entity that was established to implement Solo-Ngawi Toll road Business that covers funding, engineering planning, construction implementation, operation, and maintenance of Solo-Ngawi Toll road as well as other businesses in accordance to the applicable stipulation and law. SNJ was established on 24th March 2009. Until 31st December 2015, Solo- Ngawi Toll road has not yet been operating as it is still in the stage of land release and construction
Commitee
• KomisarisUtama:DediKrisnariawanSunoto• Komisaris:MohamadbinHusin• DirekturUtama:AlbertMP.Silaen• DirekturKeuangan:ZaidibinIbrahim
Financial Overview (Rp billion)
Keterangan 2015 2016 Pertumbuhan (%)
Total Aset 1,127.9 1,432.0 27.0
11 PT Jasamarga Kualanamu Tol (JKT)
JMKT is Jasa Marga subsidiary entity that was established to implement Medan-Kualanamu- Tebing Tinggi Toll road Business that covers funding, engineering planning, construction implementation, operation, and maintenance of Medan-Kualanamu-Tebing Tinggi Toll road as well as other businesses in accordance to the applicable stipulation and law. JMKT was established on 25th November 2014. Until 31st December 2015, Medan-Kualanamu-Tebing Tinggi Toll
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