annual report laporan tahunan
2015
annual report laporan tahunan 2015
Jl. Surapati No. 151 Bandung 40123 West Java - Indonesia
Tel. 022 2500983 - Ext. 100, 103, 104 dan 107 Fax. 022 2506884, 022 2530296, 022 2530297 PO BOX 1510 Bandung 40111
www.dapentel.co.id
Memaksimalkan Hasil Investasi melalui Strategi Alokasi dalam Kondisi Perlambatan Pertumbuhan Ekonomi annual report
laporan tahunan
2015
Maximizing Investment Revenue Through Allocation Strategy
in Slowing Economic Growth Condition
annual report
2015 laporan tahunan
Daftar Isi
Table of Contents
2 | Daftar Isi | Table of Contents Daftar Isi | Table of Contents | 3
Ikhtisar Data Keuangan Penting |
Laporan Perubahan Aset Neto | Laporan Hasil Usaha |
Laporan Perhitungan Hasil Usaha | Posisi Keuangan per 31 Desember 2015 | Posisi Aset Neto per 31 Desember 2015 | Laporan Aset Neto |
Rasio-Rasio Keuangan | Portofolio Investasi (Nilai Wajar) | Pendanaan Dapen Telkom | Program Iuran Normal |
Penerimaan Iuran Dana Pensiun Telkom | Peserta Dana Pensiun Telkom |
Jumlah Peserta, Iuran, MP/THT, Pendanaan dan RKD |
Laporan Dewan Pengawas dan Pengurus |
Laporan Dewan Pengawas | Laporan Pengurus |
Tanggung Jawab Kebenaran Isi Laporan Tahunan |
Profil Dana Pensiun Telkom |
Nama dan Alamat |
Riwayat Singkat Dana Pensiun Telkom | Bidang Usaha |
Demografi Penerima Manfaat Pensiun | Struktur Organisasi Dana Pensiun Telkom | Visi, Misi Dapen Telkom |
Pernyataan tentang Budaya Dapen Telkom |
Identitas dan Riwayat Hidup Singkat Anggota Dewan Pengawas | Identitas dan Riwayat Hidup Singkat Anggota Pengurus | Profil Kepala Bidang |
Jumlah Karyawan | Informasi Pendiri | Daftar Investee Company |
Nama dan Alamat Lembaga dan atau Profesi Jasa Penunjang | Penghargaan |
Peristiwa Penting 2015 |
Financial Highlight
Statement of Changes in Net Assets Income Statement of Changes in Net Assets
Income Statement
Financial Statement per 31 Dec 2015 Net Asset per 31 Dec 2015 Net Asset Statement
Financial Ratios
Investment Portfolio (Fair Value) Funding of Dapen Telkom
Normal Contribution Program Contribution Income Participant of Telkom Pension Fund
Number of Participant, Contribution, Pension Benefit/Old Age Saving, Funding and Funding Ratio
Supervisory Board and Executive Report
Supervisory Board's Report Executive Report
Responsibility on Truth of Annual Report
Dapen Telkom Profile
Company's Name and Address History in Brief Line of Business
Demography of Pensioners Organizational Chart Vision, Mission of Telkom Pension Fund
Corporate Culture Statement Identity and Curriculum Vitae of Supervisory Board Members
Identity and Curriculum Vitae of Executive Board Members General Managers Profile Number of Employees Founder Information
List of Investee Company Name and Address of Institution and Supporting Service Profession
The Awards
2015 Event Highlight
4
6 6 8 10 11 12 14 16 18 19 19 20 21
22
24 30 36
38
40 41 46 48 50 51 51 54 58 62 64 66 68 72 74 76
Analisa dan Pembahasan Manajemen atas Kinerja Dana Pensiun Telkom |
1. TINJAUAN OPERASIONAL | 1. Pengelolaan Investasi | 2. Pelayanan Kepesertaan | 3. Sumber Daya Manusia |
4. Teknologi Informasi dan Pengadaan | 5. Akuntansi dan Pelaporan |
2. KINERJA KEUANGAN DAPEN TELKOM | 1. Komposisi Portofolio Investasi | 2. Komposisi Pendapatan Investasi |
3. TINGKAT KEMAMPUAN PEMBAYARAN MANFAAT PENSIUN DAN KOLEKTIBILITAS PIUTANG IURAN |
1. Kemampuan dalam menyelesaikan pembayaran Manfaat Pensiun/Tabungan Hari Tua | 2. Tingkat Kolektibilitas Piutang Iuran |
3. Tingkat Kesesuaian Aset dan Liabilitas | 4. PENDANAAN DANA PENSIUN |
5. REALISASI PENCAPAIAN RKA TAHUN 2015 |
6. KEBIJAKAN PENTING YANG TERKAIT DANA PENSIUN TELKOM |
7. INFORMASI DAN FAKTA MATERIAL YANG TERJADI SETELAH TANGGAL LAPORAN AKUNTAN |
8. INFORMASI TRANSAKSI MATERIAL YANG MENGANDUNG BENTURAN KEPENTINGAN DAN/ ATAU TRANSAKSI DENGAN PIHAK AFILIASI |
9. URAIAN MENGENAI PERUBAHAN PERATURAN PERUNDANG-UNDANGAN YANG BERPENGARUH SIGNIFIKAN TERHADAP DANA PENSIUN |
10. PERUBAHAN KEBIJAKAN AKUNTANSI YANG DITERAPKAN DANA PENSIUN PADA TAHUN BUKU TERAKHIR |
Tatakelola Dana Pensiun yang Baik |
1. Dewan Pengawas Dana Pensiun Telkom | 2. Pengurus Dana Pensiun Telkom | 3. Pengukuran Kinerja bagi Pengurus | 4. Kebijakan Remunerasi Pengurus |
5. Pengungkapan Hubungan Afiliasi Anggota Pengurus, Dewan Pengawas dan Pendiri Dana Pensiun Telkom |
6. Komite Investasi | 7. Unit Internal Audit | 8. Akuntan Publik (KAP) | 9. Manajemen Risiko Dana Pensiun | 10. Sistem Pengendalian Intern | 11. Perkara Penting yang Sedang Dihadapi | 12. Akses Informasi & Data Dapen Telkom | 13. Kode Etik |
14. Whistleblowing System | 15. Keberagaman Komposisi Pengurus | Assessment Tatakelola Dana Pensiun |
Lampiran |
LAPORAN AUDITOR INDEPENDEN No. 381/LAI.15.DPT-3/DWR/2016 ATAS LAPORAN KEUANGAN LAPORAN AUDITOR INDEPENDEN No. 01/KAP-RB/API/I/2016 ATAS LAPORAN PORTOFOLIO INVESTASI LAPORAN EDUKASI, PENGADUAN DAN RENCANA EDUKASI |
SURAT EDARAN |
Management Analysis and Evaluation on Dapen Telkom Performance Achievement
OPERATIONAL OVERVIEW Investment Management
Pension Services Human Resources
Information Technology & Procurement The Accounting and Reports
FINANCIAL PERFORMANCE OF DAPEN TELKOM Investment Portfolio Composition
Investment Income Composition
PAYMENT ABILITY LEVEL OF PENSION BENEFITS AND CONTRIBUTION RECEIVABLE COLLECTABILITY
Payment Ability on Pension Benefit and Old Age Saving Contribution Collectability Level
Level of Asset & Liability Matching PENSION FUNDING
BUDGET ACHIEVABLE 2015
IMPORTANT POLICIES RELATED TELKOM PENSION FUNDS SUBSEQUENT EVENT
INFORMATION ON MATERIAL TRANSACTIONS CONTAINING CONFLICT OF INTEREST AND TRANSACTION WITH AFFILIATE PARTIES DESCRIPTION OF REGULATION CHANGES THAT AFFECTING SIGNIFICANTLY TO PENSION PLAN
ACCOUNTING POLICY CHANGE APPLIED BY COMPANY
Good Pension Fund Governance
Supervisory Board Executive Board
Performance Appraisal for Executive Board Remuneration Policy of the Executive
Disclosure of Relationship between Executive Board, Board of Supervisory and Founder of Dapen Telkom Investment Commitee
Internal Audit Unit Public Accountant
Risk Management of Pension Fund Internal Controlling System
Faced Important Cases Data and Information Access Code of Conduct
Whistleblowing System
Diversity composition of the Executive Board Governance Assessment
Appendix
Education Report, Complaint and Education Plan Circular Letter
78
80 80 84 85 86 88 90 90 92 94 94 94 95 96 99 101 104 104 106 106
110
110 112 118 119 120 123 125 129 131 138 143 144 144 156 157 158
164
166 182 201 208
4 | Ikhtisar Data Keuangan Penting | Financial Highlight Ikhtisar Data Keuangan Penting | Financial Highlight | 5
Ikhtisar Data Keuangan Penting
Financial Highlights
Pendapatan Investasi Investment Revenue
a. Iuran Normal Pemberi Kerja Normal Contribution of Employer b. Iuran Normal Peserta Normal Contribution of Participant c. Iuran Tambahan
Additional Contribution Pendapatan Lain Diluar Investasi Non Investment Other Income
Beban Investasi Investment Expense Beban Operasional Operating Expense Pembayaran Manfaat Pensiun Pension Benefit Payment Pembayaran THT Old Age Saving Payment Pengurang Lainnya Other Reduction
1.764.402
(1.118.638)
182.090
43.931 0
3.043
18.060
75.810
595.384
157.038
5.031
23.504
15.391.383
15.414.887 1.736.141
1.088.583
0
45.324 0
3.221
19.516
81.549
653.066
92.554
2.715
2.023.776
15.414.887
17.438.663 Kenaikan (penurunan) Aset Neto
Increase (Decrease) of Net Asset Aset Neto Awal
Previous Net Asset Aset Neto Akhir End of Net Asset
1.609.777
(966.791)
0
0 45.219
2.218
21.043
121.231
693.587
566.494
(712.789)
17.438.663
16.725.873 857 Peningkatan (Penurunan) Investasi
Increase (Decrease) of Investment Iuran
Contribution
874.827 2.873.270
Penambah Aset Neto
Addition Of Net Asset 690.423
Pengurang Aset Neto
Net Asset Reduction 1.403.212 849.494 851.323
-1,60%
197,31%
-100,00%
3,17%
0,00%
5,87%
228,44%
8,06%
7,69%
9,69%
-41,06%
-46,04%
-0,21%
8.510,38%
0,15%
13,13%
-7,28%
-188,81%
0,00%
-0,23%
-31,16%
-75,97%
7,82%
48,49%
6,20%
65,18%
-135,22%
13,13%
-4,09%
512,07%
-68,43%
Laporan Perubahan Aset Neto | Statement of Changes in Net Assets
U R A I A N
2 0 1 5 2 0 1 3
D E S C R I P T I O N
Realisasi | Realization
Dalam Juta Rupiah | In Million IDR
2 0 1 4 2 0 1 2
Tumbuh | Growth 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2
Rata-Rata Tumbuh Growth Average 1.460.730 1.424.528
227.366 (268.261)
185.893 187.315
44.135 44.025
0 0
2.347 2.797
1.920.471 1.390.406
15.943 15.897
59.988 50.022
553.631 506.554
82.676 149.621
2.851 (19.412)
715.089 702.683
1.205.382 687.723
14.186.001 13.498.278
15.391.383 14.186.001 0,00%
20.79% 2.54% 3.61%
-592.00% 184.76% -290.72%
-2.05% -0.76% -25.70%
-0.46% 0.25% 0.68%
0.00% 0.00% 0.00%
29.63% -16.10% -2.94%
-54.45% 38.12% 34.04%
13.28% 0.29% 7.36%
26.37% 19.92% 25.62%
7.54% 9.29% 8.18%
89.94% -44.74% 129.05%
76.48% -114.68% -38.17%
19.05% 1.77% 21.45%
-98.05% 75.27% 2088.10%
8.50% 5.09% 6.72%
0.15% 8.50% 4.42%
851 849
1.403
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
24
2.024
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
GRAFIK PENGURANG ASET NETO CHART OF NET ASSET REDUCTION
GRAFIK KENAIKAN (PENURUNAN) ASET NETO CHART OF NET ASSET INCREASE (DECREASE)
2 0 1 2 2 0 1 4
875
2.873
690
2 0 1 5 2 0 1 3
2 0 1 1
GRAFIK PENAMBAH ASET NETO
CHART OF NET ASSET ADDITION 1.390 1.920
703 715
688
1.205
-713 15.415
15.391 14.186
16.726 17.439
2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 1
GRAFIK POSISI ASET NETO CHART OF NET ASSET POSITION
Dalam Milyar IDR In Billion IDR Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR
U R A I A N
2 0 1 5 2 0 1 3
D E S C R I P T I O N
Dalam Juta Rupiah | In Million IDR
2 0 1 4 2 0 1 2 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2
Rata-Rata Tumbuh Growth Average
Laporan Hasil Usaha | Income Statement of Changes in Net Assets
1.673.510
5.658
1.667.852 1.638.203
2.910
1.635.293
-2,11%
-48,57%
-1,95%
Hasil Usaha Sebelum Pajak Operating Revenue Before Tax Pajak Penghasilan Income Tax
Hasil Usaha Setelah Pajak Operating Revenue After Tax
1.469.634
1.586
1.468.048
-10,29%
-45,51%
-10,23%
1.387.446 1.354.655
3.052 3.470
1.384.395 1.351.184
20.62% 2.42% 2.66%
85.39% -12.06% -5.19%
20.48% 2.46% 2.69%
Ikhtisar Data Keuangan Penting
Financial Highlight
Realisasi | Realization Tumbuh | Growth
6 | Ikhtisar Data Keuangan Penting | Financial Highlight Ikhtisar Data Keuangan Penting | Financial Highlight | 7
Pendapatan Investasi Investment Revenue Bunga
Interest Dividen Dividend Sewa Rent
L/R Pelepasan/Perolehan Investasi Gain (Losses) on Sale of Investment Pendapatan Investasi Lain Other Investment Income
Beban Transaksi Transaction Expense BPP Tanah & Bangunan Land & Building Maintenance Exp.
Beban Penyusutan Depreciation Expense Beban Manajer Investasi Investment Manager Expense Beban Investasi Lain Other Investment Expense
Beban Personalia Personnel Expense Beban Kantor Office Expense Beban Pemeliharaan Maintenance Expense Beban Penyusutan Depreciation Expense Beban Jasa Pihak Ketiga Third Party Service Expense
1.764.402 1.053.027
6.441
593.938
0
18.060
3.276
2.248
1.276
11.261
0
1.746.341 75.810
40.356
30.660
1.496
1.040
2.256
2.979
1.673.510
5.658
1.667.852 110.995 1.736.141
1.182.249
111.555
6.419
435.918
0
19.516
2.884
2.610
1.276
12.747
0
1.716.625 81.643
45.790
31.513
1.400
958
1.889
3.127
1.638.203
2.910
1.635.293
-1,60%
12,27%
0,50%
-0,35%
-26,61%
0,00%
8,06%
-11,97%
16,11%
0,00%
13,20%
0,00%
-1,70%
7,69%
13,46%
3,08%
-6,44%
-7,90%
-16,29%
8,14%
-2,11%
-48,57%
-1,95%
Beban Investasi Investment Expense
Hasil Usaha Investasi Net Investment Revenue Beban Operasional Operating Expense
Pendapatan (beban) Lainnya Other Income (expense) Hasil Usaha Sebelum Pajak Operating Revenue Before Tax Pajak Penghasilan Income Tax
Hasil Usaha Setelah Pajak Operating Revenue After Tax
1.609.777 1.202.753
93.832
6.649
306.544
0
21.043
3.601
2.775
1.276
13.391
0
1.588.734 121.231
48.012
66.781
1.892
1.468
3.078
2.131
1.469.634
1.586
1.468.048
Laporan Perhitungan Hasil Usaha | Income Statement
U R A I A N
2 0 1 5 2 0 1 3
D E S C R I P T I O N 2 0 1 4 2 0 1 2 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2 AverageGrowth
-7,28%
1,73%
-15,89%
3,57%
-29,68%
0,00%
7,82%
24,89%
6,32%
0,00%
5,05%
0,00%
-7,45%
48,49%
4,85%
111,29%
35,18%
53,25%
62,94%
-33,84%
-10,29%
-45,51%
-10,23%
1.460.730 1.424.528 996.172 954.846
110.149 98.360
5.434 5.359
348.976 365.964
0 0
15.943 15.897
2.626 2.768
1.865 1.797
1.276 1.276
10.170 10.042
6 15
1.444.787 1.408.631 59.988 50.022
34.930 30.159
17.790 1.299
1.372 15.286
3.235 1.555
2.661 1.725
2.647 (3.955)
1.387.446 1.354.655
3.052 3.470
1.384.395 1.351.184
20.79% 2.54% 3.61%
5.71% 4.33% 6.01%
0.77% 11.99% -0.66%
18.54% 1.40% 5.79%
70.19% -4.64% 2.32%
0.00% 0.00% 0.00%
13.28% 0.29% 7.36%
24.77% -5.12% 8.14%
20.53% 3.76% 11.68%
0.00% 0.00% 0.00%
10.72% 1.28% 7.56%
-100.00% -56.70% -39.18%
20.87% 2.57% 3.57%
26.37% 19.92% 25.62%
15.53% 15.82% 12.42%
72.34% 1270.02% 364.18%
9.08% -91.03% -13.30%
-67.83% 108.07% 21.40%
-15.21% 54.30% 21.44%
12.52% -166.94% -45.03%
20.62% 2.42% 2.66%
85.39% -12.06% -5.19%
20.48% 2.46% 2.69%
121 82
76
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
GRAFIK PENDAPATAN INVESTASI CHART OF INVESTMENT REVENUE
GRAFIK BEBAN INVESTASI CHART OF INVESTMENT EXPENSE
GRAFIK BEBAN OPERASIONAL CHART OF OPERATING EXPENSE
GRAFIK HASIL USAHA SETELAH PAJAK CHART OF OPERATING REVENUE AFTER TAX
1.764
1.736
1.610
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
1.425 1.461
20 21 18
2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 1
16 16
50 60
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
1.668
1.635
1.468
1.351 1.384
Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR
Realisasi | Realization Tumbuh | Growth Rata-RataTumbuh
Dalam Juta Rupiah | In Million IDR
8 | Ikhtisar Data Keuangan Penting | Financial Highlight Ikhtisar Data Keuangan Penting | Financial Highlight | 9
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
15.308 14.363
15.600
12.280
13.262
Posisi Keuangan per 31 Desember 2015 | Financial Statement per 31 Dec 2015
U R A I A N
2 0 1 5 2 0 1 3
D E S C R I P T I O N 2 0 1 4 2 0 1 2 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2
Surat Berharga Negara Government Bond Deposito On Call Deposit On Call Deposito Berjangka Time Deposit Saham Listed Share Obligasi Corporate Bond Sukuk Islamic Bond
Unit Penyertaan Reksa Dana Mutual Fund
Efek Beragun Aset dari KIK EBA Asset Backed Securities
Penempatan Langsung Private Equity Tanah Land
Tanah dan Bangunan Land and Building Akumulasi Penyusutan Accumulated Depreciation
15.307.730 5.390.412
2.456.300 3.044.689 3.308.703
874.432
(16.545)
14.362.820 6,58%
5.389.676 0,01%
19.700 49.800 -60,44%
1.099.400 123,42%
3.081.128 -1,18%
3.552.130 -6,85%
65.000 75.000 -13,33%
987.923 -11,49%
17.913 34.068 -47,42%
75.935 71.399 6,35%
38.199 4.572 735,47%
32.991 32.991 0,00%
(15.269) 8,35%
Aset Investasi Investment Asset
6.081.706 45.160 1.289.780 3.352.183 3.597.703 45.000
129,24%
-47,49%
1.043.356
6.575
85.239 38.624
(17.820) 7,71%
15.600.497
32.991
1,91%
12,82%
10,10%
8,73%
-30,77%
19,32%
-63,29%
12,25%
1,11%
0,00%
Kontrak Opsi Saham Stock Option
0 0 0,00%
0 0,00%
0 0 0,00%
0 0,00%
0 0 0,00%
0 0,00%
0 0 0,00%
0 0,00%
0 0 0,00%
0 0,00%
GRAFIK JUMLAH LIABILITAS NILAI KINI AKTUARIAL
CHART OF ACTUARIAL PRESENT VALUE GRAFIK JUMLAH ASET INVESTASI CHART OF TOTAL INVESTMENT ASSET
GRAFIK JUMLAH ASET NON INVESTASI CHART OF TOTAL NON INVESTMENT ASSET
GRAFIK JUMLAH ASET TERSEDIA CHART OF AVAILABLE ASSET 13.261.921 12.280.361
4.037.277 4.136.731 107.675 62.960 2.259.285 2.010.920 2.804.585 2.622.085 2.825.966 2.585.419 75.000 110.000
997.443 573.309
0 0
0
0
0
0
53.675 74.717
0
0
0
0 71.399 71.399 9.393 11.323 36.995 36.995 (16.773) (15.497)
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
315 317
336
268 269
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
17.483
15.443
16.827
14.208
15.415
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5
14.620
13.254
15.237
12.585
13.155 8.30% 7.99% 6.20%
33.50% -2.40% 10.98%
-53.75% 71.02% 21.52%
-51.34% 12.35% 9.24%
9.86% 6.96% 6.43%
25.70% 9.30% 9.22%
0.00% -31.82% -18.98%
-0.95% 73.98% 20.21%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
-36.53% -28.16% -43.85%
0.00% 0.00% 4.65%
-51.32% -17.04% 167.05%
-10.82% 0.00% -2.71%
-8.97% 8.23% 3.83%
Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR
Dalam Milyar IDR In Billion IDR Aset Tersedia
Total Asset
Liabilitas Diluar Nilai Kini Aktuarial Liability without APV
17.482.517 15.442.598 13,21%
43.854 27.712 58,25%
16.827.309
101.436 131,30%
-3,78%
15.415.112 14.208.125
23.729 22.124
0.18% 8.50% 4.53%
16.79% 7.25% 53.40%
Aset Neto
Nett Asset 16.725.873 17.438.663 15.414.886 15.391.383 14.186.001 -4,09% 13,13% 0,15% 8,50% 4,42%
U R A I A N
2 0 1 5 2 0 1 3
D E S C R I P T I O N 2 0 1 4 2 0 1 2 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2
Posisi Aset Neto per 31 Desember 2015 | Net Asset per 31 Dec 2015
Dalam Juta Rupiah | In Million IDR
Growth Average
Realisasi | Realization Tumbuh | Growth Rata-RataTumbuh
Dalam Juta Rupiah | In Million IDR
Growth Average
Realisasi | Realization Tumbuh | Growth Rata-RataTumbuh
Reksa Dana Pasar Uang, Reksa Dana Pendapatan Tetap, Reksa Dana Saham, Reksadana Campuran Money Market Fund, Fixed Income Fund, Equity Fund, Balanced Fund Reksa Dana Terproteksi, Reksa Dana dengan Penjaminan dan Reksa Dana Indeks Protected Fund, Capital Guaranteed Fund, Index Fund
Reksa Dana Kontrak Investasi Kolektif Penyertaan Terbatas
Private Equity Fund
Reksa Dana yang Unit Penyertaannya Diperdagangkan di Bursa Efek Mutual Fund
Unit Penyertaan Dana Investasi Real Estate Berbentuk Kontrak Investasi Kolektif Real Estate Investment Trust (REITS)
10 | Ikhtisar Data Keuangan Penting | Financial Highlight Ikhtisar Data Keuangan Penting | Financial Highlight | 11
Selisih Penilaian Investasi Unrealized Gains (Losses) Aset Diluar Investasi Non Investment Asset Aset Operasional Operational Asset Aset Lain Other Asset Aset Tersedia Total Asset
Nilai Kini Aktuarial Actuarial Present Value (APV) Selisih Nilai Kini Aktuarial Difference of APV
Liabilitas Diluar Nilai Kini Aktuarial Liability without APV
Total Kewajiban Liability
1.847.447 317.011
17.482.517
14.620.439 2.818.224
758.864 143,45%
315.106 0,60%
4.942 5.809 -14,93%
5.386 0 0,00%
15.442.598 13,21%
13.253.554 10,31%
2.161.333 -30,39%
43.854 27.712 58,25%
336.361 9.729 66 16.827.309 101.436
15.237.317 4,22%
880.657
6,10%
96,86%
-98,77%
131,30%
1.488.556 -47,18%
-3,78%
-52,33%
1.877.502 1.650.137 268.987 268.085
6.701 9.543
0 0
15.415.112 14.208.125
13.155.132 12.585.168 2.236.251 1.600.833 23.729 22.124
-59.58% 13.78% 11.33%
17.15% 0.34% 6.05%
-13.31% -29.78% 9.71%
-100.00% 0.00% -49.69%
0.18% 8.50% 4.53%
0.75% 4.53% 4.95%
-3.35% 39.69% 4.89%
16.79% 7.25% 53.40%
17.482.517 15.442.598 13,21%
16.827.309 15.415.112 14.208.125 -3,78% 0.18% 8.50% 4.53%
POSISI ASET NETTO | NET ASSET POSITION
1.101
1.521 1.820 2.092 2.572
3.100 3.671
4.885 5.567
7.213 9.034
8.744 11.440
13.575
17.439
15.391
14.186
936
15.415
2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
1996 1997 2013
Tahun 1996 s.d 2015 Dalam Milyar Rupiah | From 1996 until 2015 in Billion Rupiahs
CAGR: 16,38%
2015
2014 16.726
CAGR adalah Laju Pertumbuhan Majemuk Tahunan (Compound Annual Growth Rate)
Laporan Aset Neto | Net Asset Statement
U R A I A N
2 0 1 5 2 0 1 3
D E S C R I P T I O N 2 0 1 4 2 0 1 2 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2
Deposito Berjangka Time Deposit Saham Listed Share Obligasi Corporate Bond
Unit Penyertaan Reksa Dana Mutual Fund
Efek Beragun Aset dari KIK EBA Asset Backed Securities
Tanah Land
Tanah dan Bangunan Land and Building
5.531.691
2.456.300 4.372.292 3.212.289
5.445.675 1,58%
19.700 49.800 -60,44%
1.099.400 123,42%
3.692.064 18,42%
3.417.277 -6,00%
67.191 77.783 -13,62%
17.419 33.547 -48,08%
153.409 120.701 27,10%
41.253 8.223 401,66%
111.886 97.599 14,64%
6.185.355 45.160 1.289.780 3.977.181 3.492.595 45.659
6.544
162.861 42.568 113.809 Kontrak Opsi Saham
Stock Option
0 0 0,00%
0
0 0 0,00%
0
0 0 0,00%
0
0 0 0,00%
0
0 0 0,00%
0
4.139.663 4.212.120 11.82%
107.675 62.960 129,24%
2.259.285 2.010.920 -47,49%
3.975.423 3.672.299 -9,04%
2.943.451 2.644.359 82.573 121.557
1.171.748 1.079.615
1.119.642 1.339.321 912.354
0
0
0
0
0
0
54.703 74.631
0
0
0
0 118.766 112.698 15.645 14.913 102.917 91.685
8,73%
-32,05%
8,53%
-4,45%
0,00%
0,00%
0,00%
-62,43%
0,00%
0,00%
6,16%
3,19%
1,72%
31.55% -1.72% 10.81%
-53.75% 71.02% 21.52%
-51.34% 12.35% 9.24%
-7.13% 8.25% 2.63%
16.10% 11.31% 7.53%
-5.80% -32.07% -20.88%
-19.39% 46.80% 7.87%
-38.67% -26.70% -43.97%
1.63% 5.38% 10.07%
-47.44% 4.91% 90.58%
-5.17% 12.25% 5.86%
0,00% 0,00% 0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
Dalam Juta Rupiah | In Million IDR
Growth Average
Realisasi | Realization Tumbuh | Growth Rata-RataTumbuh
Dalam Milyar Rupiah | In Billion IDR
Grafik Perkembangan Aset Netto Growth of Net Asset
12 | Ikhtisar Data Keuangan Penting | Financial Highlight Ikhtisar Data Keuangan Penting | Financial Highlight | 13
A. Portofolio Investasi Investment Portfolio B. Aset Lancar Current Asset C. Aset Operasional Operasional Asset D. Aset Lain-Lain Other Asset Aset Tersedia Available Asset Liabilitas di luar NKA Liability without APV Aset Neto Net Asset
317.011
17.482.517
17.438.663
17.155.177 15.121.684 13,45%
0,60%
315.106
-14,93%
4.942 5.809
0,00%
5.386 0
15.442.598 13,21%
43.854 27.712 58,25%
15.414.887 13,13%
336.361 9.729 66 16.827.309 101.436 16.725.873
16.481.154 15.139.423 13.930.498
268.987 268.085
6.701 9.543
0 0
15.415.112 14.208.125 23.729 22.124 15.391.383 14.186.001
-3,93%
6,10%
96,86%
-98,77%
-3,75%
131,30%
-4,09%
-0.12% 8.68% 4.52%
17.15% 0.34% 6.05%
-13.31% -29.78% 9.71%
-100.00% 0.00% -49.69%
0.18% 8.50% 4.53%
16.79% 7.25% 53.40%
0.15% 8.50% 4.42%
Surat Berharga Negara Government Bond Deposito On Call Deposit On Call
Sukuk Islamic Bond
Penempatan Langsung Private Equity
Reksa Dana Pasar Uang, Reksa Dana Pendapatan Tetap, Reksa Dana Saham, Reksadana Campuran Money Market Fund, Fixed Income Fund, Equity Fund, Balanced Fund
Reksa Dana Terproteksi, Reksa Dana dengan Penjaminan dan Reksa Dana Indeks Protected Fund, Capital Guaranteed Fund, Index Fund
Reksa Dana Kontrak Investasi Kolektif Penyertaan Terbatas
Private Equity Fund
Reksa Dana yang Unit Penyertaannya Diperdagangkan di Bursa Efek Mutual Fund
Unit Penyertaan Dana Investasi Real Estate Berbentuk Kontrak Investasi Kolektif Real Estate Investment Trust (REITS)
Rasio-Rasio Keuangan | Financial Ratios
Uraian dan Analisa
Realisasi Return on Investment (ROI) per 31 Desember 2015 adalah sebesar 3,62% atau lebih rendah dibandingkan target ROI dalam Rencana Kerja Anggaran (RKA) sebesar 11,45%
Tidak tercapainya target ROI dan ROA tersebut di atas terutama disebabkan oleh :
• Kondisi pasar saham pada 2015 sangat fluktuatif dengan trend menurun (bearish) sebesar -12,13%.
Faktor-faktor yang memberikan dampak negatif terhadap pertumbuhan Indeks Harga Saham Gabungan (IHSG) antara lain adanya perlambatan ekonomi global maupun domestik, turunnya harga barang-barang komoditas serta sentimen negatif yang dipicu oleh ketidakpastian normalisasi suku bunga acuan Amerika, Fed Fund Rate, dan devaluasi mata uang Yuan. Kondisi ini berbeda dengan asumsi pada saat penyusunan Rencana Investasi yang diasumsikan naik sebesar 12,98%
• Pada tahun 2015 mengalami penurunan Government Bond Index IBPA gross s e b e s a r -4,89% dan Corporate Bond Index IBPA gross sebesar -0,49%. Kondisi ini b e r b e d a d e n g a n asumsi pada saat penyusunan Rencana Investasi yang diasumsikan turun masing-masing sebesar -0,50%. Hal ini dipicu oleh menguatnya US dollar yang berdampak pada sentimen negatif di pasar surat utang.
Realisasi Return on Asset (ROA) per 31 Desember 2015 adalah sebesar 2,93% lebih rendah dibandingkan dari target ROA dalam Rencana Kerja Anggaran (RKA) sebesar 10,55%.
Return on Investment
Return on Asset
Rasio Operasional Operating Ratio Rasio Kualitas Pendanaan Funding Ratio
10,22%
3,62%
U R A I A N
2 0 1 5 2 0 1 3
D E S C R I P T I O N 2 0 1 4 2 0 1 2 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2
a. Tanpa SPI/
b. Dengan SPI/
Unrealized Gains Excl.
Unrealized Gains Incl.
a. Tanpa SPI/
b. Dengan SPI/
Unrealized Gains Excl.
Unrealized Gains Incl.
Rasio Investasi terhadap Aset Investment to Asset Ratio
11,55%
18,50%
12,63%
4,15%
11,11%
11,91%
12,16%
8,95%
-1,34%
-14,88%
-1,07%
14,35%
8,59%
2,93%
9,37%
15,25%
10,83%
3,57%
8,12%
9,71%
8,82%
6,26%
-0,78%
-12,31%
-1,46%
11,68%
109,73% 119,22% 116,29% 116,98% 112,70% -9,49% 2,93%
8,83% 5,82% 5,31% 5,21% 4,49% 3,01% 0,50%
98,54% 98,37% 98,10% 98,36% 98,20%
-0.69% 4.28% -0.74%
1.52% -1.06% -0.49%
-7.76% 2.96% -1.33%
2.71% -0.70% -0.06%
-6.14% 3.45% -0.83%
0.10% 0.72% 1.08%
0.16% 0.28% -0.27% 0.16% 0.08%
Growth Average
Realisasi | Realization Tumbuh | Growth Rata-RataTumbuh
14 | Ikhtisar Data Keuangan Penting | Financial Highlight Ikhtisar Data Keuangan Penting | Financial Highlight | 15
Description and Analysis
Realized Return on Investment (ROI) position as at December 31, 2015 amounted to 3.62% or lower than the target ROI in the Work Plan Budget (RKA) amounted to 11.45%.
Realized Return on Assets (ROA) position as at December 31, 2015 is 2.93% lower than the target ROA in the Work Plan Budget (RKA) amounted to 10.55%.
ROI and ROA targets were not achieved primarily due to:
• Stock market conditions in 2015 are very volatile with a downward trend (bearish) of -12.13%. Factors that had a negative impact on the growth of Composite Stock Price Index (CSPI), among others, the global economic slowdown and domestic, the decline in the price of commodities and negative sentiment triggered by uncertainty normalization reference rate of the US, the Fed Funds rate, and devaluation of the currency Yuan. This is different from the assumptions at the time of preparation of the Investment Plan are assumed to rise by 12.98%
• In 2015 there was decline in gross IBPA Government Bond Index by -4.89% and Corporate Bond Index IBPA gross of -0.49%. This is different from the assumptions at the time of preparation of the Investment Plan are assumed to fall by -0.50%
respectively. This was triggered by the strengthening US dollar which affects the negative sentiment in the bond market.
Funding ratio
Fund Adequacy Ratio (RKD) in 2015 was decreased compared to the previous year, from 119.22% in 2014 to 109.73% in 2015. This is due to a decrease in adequate Fund as a result of the decline in the Composite Stock Price Index (JCI). In 2015 JCI decreased by 12.1%, ie from the position of 5226.95 per December 31, 2014 into 4593.01 per December 31, 2015.
The other side Present Value of Actuarial liabilities increased due to the addition of working life to retirement age and increase in basic salary for active participants Investment Asset to Total Asset Ratio
Percentage of Investment Asset against Net Total Assets of Dapen Telkom per December 31, 2015 amounted to 98.54%, which is the percentage amount is in line with Investment Direction on Article 4, paragraph 3, which stipulates that the Asset of Investment at least 95 % compared to Net Total Asset.
Rasio Pendanaan
Rasio Kekayaan Investasi terhadap Aset
Rasio Kecukupan Dana (RKD) tahun 2015 mengalami penurunan dibandingkan tahun sebelumnya yaitu dari 119,22% pada tahun 2014 menjadi 109,73% pada tahun 2015. Hal ini diakibatkan adanya penurunan Kekayaan Pendanaan sebagai dampak dari penurunan Indeks Harga Saham Gabungan. Tahun 2015 IHSG mengalami penurunan sebesar 12,1%, yaitu dari posisi 5.226,95 per 31 Desember 2014 menjadi 4.593,01 per 31 Desember 2015.
Disisi lain Kewajiban Nilai Kini Aktuarial bertambah karena adanya penambahan masa kerja usia pensiun dan kenaikan gaji dasar bagi peserta aktif
Persentase kekayaan investasi Dana Pensiun Telkom terhadap Kekayaan Dana Pensiun Telkom posisi per 31 Desember 2015 adalah sebesar 98,54%, yang mana besaran presentase tersebut telah sesuai dengan Arahan Investasi Pasal 4 ayat 3, yang mengatur bahwa persentase kekayaan Investasi Dana Pensiun terhadap Kekayaan Dana Pensiun minimal 95%
Portofolio Investasi (Nilai Wajar) | Investment Portfolio (Fair Value)
Tabungan pada Bank
Saving 0 0 0 0 0 0 0 0 0 0
45.160
19.700
49.800
107.675
62.960
129,24% -60,44% -53,75% 71,02% 21,52%
1.289.780
2.456.300
1.099.400
2.259.285
2.010.920
-47,49% 123,42% -51,34% 12,35% 9,24%
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
6.185.354
5.531.690
5.445.675
4.139.663
4.318.696
11,82% 1,58% 31,55% -4,15% 10,20%
3.977.181
4.372.292
3.692.064
3.975.423
3.672.299 -9,04% 18,42% -7,13% 8,25% 2,63%
3.538.254
3.279.480
3.495.060
3.026.024
2.766.001
7,89% -6,17% 15,50% 9,40% 6,66%
0 0 0 60.355 65.430 0 0 -100,00% -7,76% -26,94%
0 0 0 0 0 0 0 0 0 0
6.544 17.419 33.547 54.703 74.631 -62,43% -48,08% -38,67% -26,70% -43,97%
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0
162.861 153409 120.701 118.766 112.698 6,16% 27,10% 1,63% 5,38% 10,07%
42.568 41.253 8.223 15.645 14.913 3,19% 401,68% -47,44% 4,91% 90,58%
113.809 111.886 97.599 102.917 91.685 1,72% 14,64% -5,17% 12,25% 5,86%
16.481.153 17.155.177 15.121.684 15.139.423 14.037.157 -3,93% 13,45% -0,12% 7,85% 4,31%
0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
1.119.642
0
1.171.748
1.079.615
1.278.967
0 0 0
846.924
-4,45% 8,53% -15,59% 51,01% 9,88%
Deposito on Call pada Bank Deposit on Call
Deposito Berjangka pada Bank Time Deposit
Surat Berharga Negara Government Bond Sertifikat Deposito pada Bank Certificate Deposit
Obligasi Korporasi yang Tercatat di BEI Corporate Bond
Surat Berharga yang diterbitkan oleh BI BI Bond
Saham yang Tercatat di BEI Listed Share
2
Reksadana Mutual Fund 1
3
4
MTN
Efek Beragun Aset Asset Backed Securities
Dana Investasi Real Estate berbentuk KIK Real Estate Investment Trust (REITS)
Total Investasi / Total Investment REPO
Tanah Land
Penyertaan Langsung baik di Indonesia / LN Direct Share in Domestic/Overseas
Bangunan Building
Dalam Juta Rupiah | In Million IDR
K E LO M P O K A S E T
2 0 1 5 2 0 1 3
G R O U P O F A S S E T 2 0 1 4 2 0 1 2 2 0 1 1 2 0 1 5 2 0 1 4 2 0 1 3 2 0 1 2 AverageGrowth
Realisasi | Realization Tumbuh | Growth Rata-RataTumbuh
Dalam Triliun Rupiah | In Trillion IDR
Pertumbuhan dan Alokasi Aset Investasi Growth and Allocation of Investment Asset
Properti (Tanah, Bangunan, Tanah & Bangunan)
Saham Non Publik (Saham Penyertaan, SPU) Saham Publik (Saham Bursa, Reksadana Saham)
Efek Berpendapatan Tetap (SUN, Obligasi) Kas dan Deposito
Property (Land, Building, Land & Building)
Non Public Share (Investee Company) Public Stock (Listed Share, Mutual Fund)
Fixed Income Securities (Govt Bond, Corp Bond) Cash and Deposit
2014 2012
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
1996 1997 2013
CAGR : 16,35 %
Tahun 1996 s.d 2015 - dalam Triliun Rupiah| From 1996 to 2015 - in Trillion IDR
0,9
13,9 13,3
11,3
8,8 8,5
7,0
5,4 4,8 3,6 3,0 2,1 2,4
1,5 1,8 1,1
15,1 15,1 17,2
2015
16,4
16 | Ikhtisar Data Keuangan Penting | Financial Highlight Ikhtisar Data Keuangan Penting | Financial Highlight | 17
Reksa Dana Pasar Uang, Reksa Dana Pendapatan Tetap, Reksa Dana Saham, Reksadana Campuran
Money Market Fund, Fixed Income Fund, Equity Fund, Balanced Fund
Reksa Dana Terproteksi, Reksa Dana dengan Penjaminan dan Reksa Dana Indeks Protected Fund, Capital Guaranteed Fund, Index Fund
Reksa Dana Kontrak Investasi Kolektif Penyertaan Terbatas | Private Equity Fund
Reksa Dana yang Unit Penyertaannya Diperdagangkan di Bursa Efek Mutual Fund
Penempatan Langsung Private Equity Kontrak Opsi Saham Stock Option
