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2014 ANNUAL REPORT LAPORAN TAHUNAN Solar Eclipse Creating Moments of Genius
2014 ANNUAL REPORT LAPORAN TAHUNAN Solar Eclipse Creating Moments of Genius

2014 ANNUAL REPORT LAPORAN TAHUNAN

Solar Eclipse

Creating Moments of Genius

table of contents

daftar isi

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

IKHTISAR KINERJA 2014 | SUMMARY OF 2014 PERFORMANCE

Ikhtisar Kinerja Keuangan | Financial Summary

4

Ikhtisar Kinerja Saham | Stock Performance

6

PENCAPAIAN 2014 | 2014 ACHIEVEMENTS

Peristiwa Penting | Important Events

8

Penghargaan & Sertifikasi | Awards and Certifications

17

LAPORAN DEWAN KOMISARIS | REPORT OF THE BOARD OF COMMISIONER

20

LAPORAN DIREKSI | REPORT OF THE BOARD OF DIRECTOR

24

PROFIL MANAJEMEN | MANAGEMENT PROFILE

Profil Dewan Komisaris | Board of commisioners’ profiles

32

Profil Direksi | Board of directors’ profiles

34

PROFIL PERUSAHAAN | COMPANY PROFILE

Identitas & Kegiatan Usaha | Identity and Business

41

Visi - Misi | Vision - Mission

45

Struktur Organisasi | Organizational Structure

46

Informasi bagi Pemegang Saham | Information for Shareholders

47

Institusi Penunjang Pasar Modal | Capital Market Supporting Institutions

49

Testimoni | Testimonials

50

ANALISIS DAN PEMBAHASAN MANAJEMEN | MANAGEMENT ANALYSIS AND DISCUSSION

TINJAUAN BISNIS | BUSINESS REVIEW

Ekuitas | Equity

52

Pendapatan Tetap | Fixed Income

54

Penjamin Emisi Efek | Underwriter

56

Manajer Investasi | Investment Manager

59

TINJAUAN OPERASIONAL | OPERATIONAL REVIEW

Riset | Research

62

Teknologi Informasi | Information Technology

63

Sumber Daya Manusia | Human Capital

65

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TINJAUAN KEUANGAN | FINANCIAL REVIEW

Analisis Laporan Posisi Keuangan | Financial Position Analysis

70

Analisis Laporan Laba Rugi Komprehensif | Comprehensive Income Analysis

71

Analisis Laporan Arus Kas | Cash Flow Analysis

73

Rasio Keuangan Penting | Important Financial Ratios

74

Informasi Keuangan Material Lainnya | Other Material Financial Information

75

Kebijakan Dividen | Dividend Policy

78

Penggunaan Dana Hasil Penawaran Umum | Use of IPO Proceeds

79

Perubahan Peraturan Perundang-undangan | Changes in Regulation

80

Perubahan Kebijakan Akuntansi | Changes in Accounting Policy

80

Prospek & Strategi Usaha Tahun 2015 | 2015 Business Prospects and Strategy

81

TATA KELOLA PERUSAHAAN | CORPORATE GOVERNANCE

Dewan Komisaris | Board of Commissioners

86

Direksi | Board of Directors

88

Komite Audit | Audit Committee

94

Laporan Komite Audit | Report of the Audit Committee

96

Sekretaris Perusahaan | Corporate Secretary

99

Audit Internal | Internal Audit

101

Manajemen Risiko | Risk Management

104

Kepatuhan | Compliance

109

Pedoman Perilaku | Code of Conduct

111

Sistem Pelaporan Pelanggaran | Whistleblowing System

113

Perkara Penting | Litigation

114

TANGGUNG JAWAB SOSIAL PERUSAHAAN | CORPORATE SOCIAL RESPONSIBILITY

Duta Kresna | Kresna Ambassador

118

Program Kemitraan Akademis | Academic Partnership Program

119

Pernyataan Manajemen atas Laporan Tahunan 2014 | Management Statement on the 2014 Annual Report

122

LAPORAN KEUANGAN YANG TELAH DIAUDIT | AUDITED FINANCIAL STATEMENTS

123

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Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

The War of Bharatayuddha

The war between the Pandawas and the Korawas.

IKHTISAR KINERJA 2014 Summary of 2014 Performance

3
3

2014

financial

highlights

ikhtisar keuangan 2014

Berikut adalah ikhtisar keuangan tahun 2014, dalam bentuk tabel dan grafik di bawah ini:

Here are 2014’s Financial Highlights, graphically illustrated:

2014

2013

2012

Pendapatan

193,162,429

141,118,543

122,085,005

Revenue

Beban Usaha

(116,919,411)

(100,389,978)

(95,751,414)

Operating Expenses

Laba Usaha

76,243,017

40,728,564

26,333,591

Operating Income

Laba Bersih

66,529,070

16,388,639

10,144,468

Net Income

Jumlah Laba yang Diatribusikan kepada Pemilik Entitas Induk

66,522,841

16,388,683

10,142,851

Income Attributable to the Owners of the Company

Jumlah Laba (Rugi) yang Diatribusikan kepada dan Kepentingan Nonpengendali

6,229

(44)

1,617

Income (Loss) Attributable to Noncontrolling Shareholders

Total Laba Komprehensif

66,529,070

16,388,639

10,144,468

Total Comprehensive Income

Jumlah Laba Komprehensif yang Diatribusikan kepada Pemilik Entitas Induk

66,522,841

16,388,683

10,142,851

Total Comprehensive Income Attributable to Owners of the Company

Jumlah Laba (Rugi) Komprehensif yang Diatribusikan kepada Kepentingan Nonpengendali

6,229

(44)

1,617

Total Comprehensive Income (Loss) Attributable to Noncontrolling Shareholders

Laba Per Saham - dasar

19.10

5.16

3.20

Earnings Per Share - basic

Laba Per Saham - dilusian

19.10

4.53

2.79

Earnings Per Share - diluted

Jumlah Aset

781,435,294

488,291,025

566,977,443

Total Assets

Jumlah Liabilitas

313,866,089

165,567,100

265,712,486

Total Liabilities

Jumlah Ekuitas

467,569,205

322,723,925

301,264,957

Total Shareholders' Equity

Pertumbuhan Pendapatan

37%

16%

14%

Revenue Growth

Pertumbuhan Laba Bersih

306%

62%

-22%

Net Income Growth

Rasio Laba Usaha terhadap Pendapatan

39%

29%

22%

Operating Margin

Rasio Laba Bersih terhadap Aset

9%

3%

2%

Return On Assets

Rasio Laba Bersih terhadap Ekuitas

14%

5%

3%

Return On Equity

Rasio Laba Bersih terhadap Pendapatan

34%

12%

8%

Net Income Margin

Rasio Lancar

244%

286%

209%

Current Ratio

Rasio Liabilitas terhadap Ekuitas

67%

51%

88%

Total Liabilities to Equity Ratio

Rasio Liabilitas terhadap Jumlah Aset

40%

34%

47%

Total Liabilities to Total Assets

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4

193,162,429

66,529,070

34%

76.243.017

88%

PENDAPATAN (dalam ribuan Rupiah) REVENUE (In thousand Rupiah)

2014 2013 2012 141,118,543 122,085,005
2014
2013
2012
141,118,543
122,085,005

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

LABA BERSIH (dalam ribuan Rupiah) NET PROFIT (In thousand Rupiah)

2014 2013 2012 16,388,639 10,144,468
2014 2013
2012
16,388,639
10,144,468

LABA USAHA (dalam ribuan Rupiah) OPERATING PROFIT (In thousand Rupiah)

 
 
40,728,564  

40,728,564

 
  40,728,564   26,333,591
26,333,591

26,333,591

26,333,591
  40,728,564   26,333,591
  40,728,564   26,333,591
  40,728,564   26,333,591
  40,728,564   26,333,591

2014 2013

2012

RASIO LABA BERSIH (dalam persentase) NET INCOME MARGIN (In percentage)

12% 8%
12% 8%
12%

12%

8%
8%

8%

12% 8%
12% 8%
12% 8%
12% 8%
12% 8%
12% 8%
12% 8%
12% 8%
12% 8%
12% 8%

2014 2013

2012

RASIO LIABILITAS TERHADAP EKUITAS (dalam persentase) TOTAL LIABILITIES TO EQUITY (In percentage)

RASIO LIABILITAS TERHADAP JUMLAH ASET (dalam persentase) TOTAL LIABILITIES TO TOTAL ASSETS (In percentage)

2014 2013 2012 40% 34% 47%
2014 2013
2012
40%
34%
47%
2014 2013 2012 5 67% 51%
2014 2013
2012
5
67%
51%

ikhtisar kinerja saham

stock performance

Kinerja Saham

2014

2013

2012

Kresna Securities

Kresna Securities

Share Performance

Harga Tertinggi

486

395

275

Highest Price

Harga Terendah

367

250

170

Lowest Price

Harga Akhir Tahun

486

370

275

End of Year

Laba per saham

19.1

5.16

3

Earning per Share

Sumber : Bloomberg

 

2014

2013

2012

Jumlah Saham Beredar (juta lembar)

3.641

3,197

3,169

Number of shares traded (million)

Kapitalisasi Pasar

1.769.863

1.182.890

871,475

Market capitalitation

(Rp Juta)

 

(Rp Million)

Volume Perdagangan

502.323.200

496,551,000

456,758,500

Trading Volume

Sumber : Bloomberg

Kinerja Saham Kresna Securities di Bursa Efek Indonesia

Kresna Securities Stock Performance on the Indonesia Stock Exchange

   

2014

 

2013

Kresna Securities

Kinerja Saham

   

Kresna Securities

Tertinggi

Terendah

Penutupan

Tertinggi

Terendah

Penutupan

Share Performance

Highest

Lowest

Closing

Highest

Lowest

Closing

Kuartal Pertama

397

367

397

395

250

360

First Quarter

Kuartal Kedua

411

397

406

375

345

355

Second Quarter

Kuartal Ketiga

422

405

419

355

300

335

Third Quarter

Kuartal Keempat

486

418

486

375

335

370

Fourth Quarter

Sumber : Bloomberg

6
6

Tertinggi

Highest335 370 Fourth Quarter Sumber : Bloomberg 6 Tertinggi Terendah Lowest Penutupan Closing 500 450 400

Terendah

LowestQuarter Sumber : Bloomberg 6 Tertinggi Highest Terendah Penutupan Closing 500 450 400 350 Q1 Q2

PenutupanSumber : Bloomberg 6 Tertinggi Highest Terendah Lowest Closing 500 450 400 350 Q1 Q2 Q3

Closing

500

450

400

350

Q1 Q2 Q3 Q4 397 367 397 411 397 406 422 419 405 486 486
Q1
Q2
Q3
Q4
397
367
397
411
397
406
422
419
405
486
486
418
Death of Abimanyu Abimanyu, the son of Arjuna, was killed by Jayadrata. Korawas treated his

Death of Abimanyu

Abimanyu, the son of Arjuna, was killed by Jayadrata. Korawas treated his body with no respect.

PENCAPAIAN 2014 2014 Achievements

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

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2014

significant events

peristiwa penting 2014

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January

16 Januari 2014

Kresna Securities menyelenggarakan Seminar Invest Now Retire Rich dan Pengenalan Kren Direct di Institut Bisnis Nusantara (IBN) Jakarta.

January 16 2014

Kresna Securities conducted an “Invest Now Retire Rich” Seminar and Introduction to “Kren Direct” at the Institut Bisnis Nusantara (IBN), Jakarta.

February

3 Februari 2014

Kresna Securities menjadi Guest Lecturer “Simulasi Kren Direct” di School of Business and Management, Institut Teknologi Bandung (SBM ITB).

4 Februari 2014

Perayaan Imlek Kresna 2014 di Arjuna Lounge, Kresna Tower, Jakarta.

3 February 2014

Kresna Securities was featured as Guest Lecturer for the “Kren Direct Simulation” at the School of Business and Management, Bandung Institute of Technology (SBM ITB).

4 February 2014

Kresna’s 2014 Lunar New Year Celebration was held at Arjuna Lounge, Kresna Tower, Jakarta.

16 Januari 2014

Kresna Securities bertindak sebagai Lead Underwriter dalam Pencatatan dan Perdagangan Saham Perdana PT Asuransi Mitra Maparya Tbk di Gedung Bursa Efek Indonesia, Jakarta.

January 16 2014

Kresna Securities acted as Lead Underwriter in the Initial Public Offering of the shares of PT Asuransi Mitra Maparya Tbk at the Indonesia Stock Exchange Building, Jakarta.

8 Februari 2014

Kresna Securities menjadi Guest Lecturer “Introduction to Capital Market” di Master of Business Administration Institut Teknologi Bandung (MBA ITB).

15 Februari 2014

Kresna Securities menjadi Guest Lecturer “Technical & Fundamental Analysis” di Master of Business Administration Institut Teknologi Bandung (MBA ITB).

8 February 2014

Kresna Securities was featured as Guest Lecturer for “Introduction to Capital Market” at the Master of Business Administration Program, Bandung Institute of Technology (MBA ITB).

15 February 2014

Kresna Securities was featured as Guest Lecturer for “Technical & Fundamental Analysis” at the Master’s of Business Administration, Bandung Institute of Technology (MBA ITB).

21 Februari 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct di STIE Bina Niaga, Bogor.

21 February 2014

Kresna Securities conducted a “Kren Direct Simulation” at STIE Bina Niaga, Bogor.

March

1 Maret 2014

Kresna Securities menyelenggarakan Presentasi Reksadana Kresna Indeks 45 kepada para dosen di Universitas Swadaya Gunung Jati (Unswagati), Cirebon.

13 Maret 2014

Kresna Securities menyelenggarakan Presentasi Reksadana Kresna Indeks 45 kepada para dosen di Institut Bisnis Nusantara (IBN) Jakarta.

18 Maret 2014

Kresna Securities menyelenggarakan Seminar Sekolah Pasar Modal (SPM) Basic dan Intermediate serta Presentasi Reksadana Kresna Indeks 45 di Universitas Muhammadiyah, Jember.

March 1 2014

Kresna Securities conducted a presentation on “Kresna Indeks 45 Mutual Fund” to lecturers of the Universitas Swadaya Gunung Jati (Unswagati), Cirebon.

March 13 2014

Kresna Securities conducted a presentation on “Kresna Indeks 45 Mutual Fund” to lecturers of the Institut Bisnis Nusantara (IBN), Jakarta.

March 18 2014

Kresna Securities conducted a “Capital Market School Basic and Intermediate Seminar”, and a presentation on “Kresna Indeks 45 Mutual Fund” at Muhammadiyah University, Jember.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

24 Februari 2014

Kresna Securities menjadi Guest Lecturer “Technical & Fundamental Analysis” di School of Business and Management, Institut Teknologi Bandung (SBM ITB).

24 February 2014

Kresna Securities was featured as Guest Lecturer for “Technical & Fundamental Analysis” at the School of Business and Management, Bandung Institute of Technology (MBA ITB).

19 Maret 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct dan presentasi Reksadana Kresna Indeks kepada para dosen, guru SMA dan pengusaha Jember di STIE Mandala, Jember.

28 Maret 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct di Universitas Muhammadiyah Hamka (UHAMKA,) Jakarta.

March 19 2014

Kresna Securities conducted “Kren Direct Simulation” and a presentation on “Kresna Indeks Mutual Fund” to lecturers, high school teachers, and Jember businesspeople at the STIE Mandala, Jember.

March 28 2014

Kresna Securities conducted a “Kren Direct Simulation” at the Universitas Muhammadiyah Hamka University (UHAMKA), Jakarta.

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1-2 April 2014

Kresna Securities conducted Training on “Kren Direct Simulation”, “Technical & Fundamental Analysis”, and “Trading Competition” at Multimedia Nusantara University (UMN), Jakarta.

2 April 2014

Conducted “Kren Direct Simulation” at UHAMKA, Jakarta.

3 April 2014

Kresna Asset Management received the “Best Mixed Allocation Fund 2014 (Kresna Flexima)” Award from APRDI Bloomberg at the Grand Hyatt Hotel, Jakarta.

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april

1-2 April 2014

Kresna Securities menyelenggarakan Training Simulasi Kren Direct, Technical & Fundamental Analysis serta Trading Competition di Universitas Multimedia Nusantara (UMN) Jakarta.

2 April 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct di UHAMKA, Jakarta.

3 April 2014

Kresna Asset Management mendapat- kan penghargaan “Best Mixed Allocation Fund 2014 (Kresna Flexima)” dari APRDI Bloomberg Award di Hotel

Grand Hyatt, Jakarta.

4 April 2014

Kresna Securities menyelenggarakan Presentasi Pengenalan Lab Bursa dan Presentasi Reksadana Kresna Indeks 45 di STIE Banten.

4 April 2014

Kresna Securities conducted a presentation on “Introduction to Stock Exchange Laboratory” and another presentation on “Kresna Indeks 45 Mutual Fund” at STIE Banten.

11 April 2014

Kresna Securities acted as the Joint Lead Underwriter for the Initial Public Offering of the shares of PT Intermedia Capital Tbk at the Indonesia Stock Exchange Building, Jakarta.

12 April 2014

Kresna Securities conducted the Capital Market School Intermediate Seminar at Universitas Islam 45, Jakarta.

11 April 2014

Kresna Securities bertindak sebagai Joint Lead Underwriter Pencatatan dan Perdagangan Saham Perdana PT Intermedia Capital Tbk di Gedung Bursa Efek Indonesia.

12 April 2014

Kresna Securities menyelenggarakan Seminar Sekolah Pasar Modal Intermediate di Universitas Islam 45, Jakarta.

21 April 2014

Kresna Securities menyelenggarakan Training Technical & Fundamental Analysis di UHAMKA, Jakarta.

25 April 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct di STIE Banten.

28 April 2014

Kresna Securities menjadi mitra kerjasama PT Bursa Efek Indonesia dalam kegiatan Pembukaan Sekolah Pasar Modal (SPM) Reguler 2014 di Gedung PT Bursa Efek Indonesia.

21 April 2014

Kresna Securities conducted Training on “Technical & Fundamental Analysis” at UHAMKA, Jakarta.

25 April 2014

Kresna Securities conducted “Kren Direct Simulation” at STIE Banten.

28 April 2014

Kresna Securities became a partner of PT Bursa Efek Indonesia at the opening of the 2014 Capital Market School Regular Class at the Indonesia Stock Exchange Building.

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May

2 Mei 2014

Kresna Securities menyelenggarakan Training Simulasi Kren Direct, Analisis Teknikal dan Fundamental untuk persiapan Trading Competition di Politeknik Negeri Jakarta.

5 Mei 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct di Institut Bisnis Nusantara (IBN), Jakarta.

8 Mei 2014

PT Kresna Graha Sekurindo Tbk mendapatkan penghargaan dari Majalah Investor sebagai Emiten Terbaik 2014 kategori Sektor Sekuritas dan Reksa Dana di Hotel Le Meredien, Jakarta

9 Mei 2014

Kresna Securities menyelenggarakan Training Simulasi Kren Direct, Analisis Teknikal dan Fundamental untuk persiapan Trading Competition di Politeknik Negeri Jakarta.

2 May 2014

Kresna Securities conducted Training on “Kren Direct Simulation, Technical & Fundamental Analysis”, in preparation for the Trading Competition at Politeknik Negeri Jakarta.

5 May 2014

Kresna Securities conducted “Kren Direct Simulation” at Institut Bisnis Nusantara (IBN), Jakarta.

8 May 2014

PT Kresna Graha Sekurindo Tbk received The Best Public Company 2014 from Investor Magazine in the category of Securities and Mutual Funds at Hotel Le Meridien, Jakarta.

9 May 2014

Kresna Securities conducted Training on “Kren Direct Simulation, Technical & Fundamental Analysis”, in preparation for the Trading Competition at Jakarta State Polytechnic.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

12-13 Mei 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct, Training Analisis Fundamental dan Teknikal di UIN Syarif Hidayatullah, Tangerang.

20 Mei 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct di Universitas Kristen Indonesia (UKI), Jakarta.

22 Mei 2014

Kresna Securities menyelenggarakan Trading Competition di Fakultas Ekonomi, Universitas Indonesia, Jakarta.

23 Mei 2014

Kresna Securities menyelenggarakan Seminar Bamboo Investing di Universitas Kristen Krida Wacana (UKRIDA), Jakarta.

12-13 May 2014

Kresna Securities conducted Training on “Kren Direct Simulation, Technical & Fundamental Analysis” at UIN Syarif Hidayatullah, Tangerang.

20 May 2014

Kresna Securities conducted “Kren Direct Simulation” at Indonesia Christian University (UKI), Jakarta.

22 May 2014

Kresna Securities conducted “Trading Competition” at the Faculty of Economics, University of Indonesia, Jakarta.

23 May 2014

Kresna Securities conducted “Bamboo Investing Seminar” at Krida Wacana Christian University (UKRIDA), Jakarta.

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June

5 Juni 2014

PT Kresna Graha Sekurindo Tbk melaksanakan Rapat Umum Pemegang Saham Tahunan Tahun 2013 dan Public Expose di Gedung Bursa Efek Indonesia.

5 June 2014

PT Kresna Graha Sekurindo Tbk conducted its 2013 Annual General Meeting of Shareholders and Public Expose at the Indonesia Stock Exchange Building.

July

21 Juli 2014

Kresna Securities menyelenggarakan Presentasi Reksadana Kresna Indeks 45 kepada para dosen UHAMKA, Jakarta.

21 July 2014

Kresna Securities conducted a presentation on “Kresna Indeks 45 Mutual Fund” to lecturers of UHAMKA, Jakarta.

august

27-28 Agustus 2014

Kresna Securities menjadi mitra kerjasama PT Bursa Efek Indonesia mengadakan Sekolah Pasar Modal (SPM) di Gedung Bursa Efek Indonesia.

27-28 August 2014

Kresna Securities became a partner of PT Bursa Efek Indonesia in conducting the Capital Market School at the Indonesia Stock Exchange Building.

18 Juli 2014

Kresna Securities mengadakan Buka Bersama Puasa Bersama di Arjuna Lounge, Kresna Tower, Jakarta.

18 July 2014

Kresna Securities held a joint fast- breaking get-together at Arjuna Lounge, Kresna Tower, Jakarta.

29 Agustus 2014

PT Kresna Graha Sekurindo Tbk mendapatkan 2 penghargaan dari Economic Review dalam acara “Anugerah Perusahaan Tbk Indonesia 2014” sebagai Perusahaan Efek Kelompok Keuangan dan Perusahaan Sekuritas Terinovasi di Financial Hall Graha CIMB Niaga, Jakarta.

29 August 2014

PT Kresna Graha Sekurindo Tbk received two awards from Economic Review magazine at the “Anugerah Perusahaan Tbk Indonesia 2014” as the Most Innovative Securities and Financial Company. The ceremony was held at Financial Hall, Graha CIMB Niaga, Jakarta.

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septeMber

1 September 2014

Kresna Securities menjadi Pembicara dalam acara Kresna Teach di Universitas Katolik Atmajaya Jakarta.

4 September 2014

Tbk

mengadakan Public Expose Insidentiil

di

Jakarta.

4 September 2014

Kresna Securities menjadi Guest Lecturer “Pengenalan dan Simulasi Kren Direct” di School of Business and Management Institut Teknologi Bandung (SBM ITB).

PT

Kresna

Arjuna

Graha

Lounge,

Sekurindo

Kresna

Tower,

1 September 2014

Kresna Securities was featured as a Speaker during the “Kresna Teach” event at Atmajaya Catholic University, Jakarta.

4 September 2014

PT Kresna Graha Sekurindo Tbk conducted an incidental Public Expose at Arjuna Lounge, 5th floor, Kresna Tower, Jakarta.

4 September 2014

Kresna Securities was featured as Guest Lecturer for the “Kren Direct Simulation” at the School of Business and Management, Bandung Institute of Technology (SBM ITB).

OctOber

4 Oktober 2014

Kresna Securities menyelenggarakan Pembukaan Trading Competition di Universitas Trisakti, Jakarta.

4 October 2014

Kresna Securities opened the Trading Competition at Trisakti University, Jakarta.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

18 September 2014

Kresna Securities menyelenggarakan Pengenalan Kren Direct di Universitas Budi Luhur (UBL) Jakarta.

30 September 2014

Kresna Securities menyelenggarakan Simulasi Kren Direct di Institut Bisnis Nusantara (IBN), Jakarta.

18 September 2014

Kresna Securities conducted an Introduction to “Kren Direct” session at Budi Luhur University (UBL), Jakarta.

30 September 2014

Kresna Securities conducted a “Kren Direct Simulation” at Institut Bisnis Nusantara (IBN), Jakarta.

8 Oktober 2014

Kresna Securities mendapatkan kunjungan dalam kegiatan kunjungan universitas dari Mahasiswa UIN Syarif Hidayatullah, Tangerang.

8 October 2014

Kresna Securities received the students participating in the University Visit program from UIN Syarif Hidayatullah, Tangerang.

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9 Oktober 2014

Kresna Securities menyelenggarakan Training Technical & Fundamental Analysis di Universitas Budi Luhur (UBL), Jakarta.

15-16 Oktober 2014

Kresna Securities menyelenggarakan Seminar Pengenalan Pasar Modal dan Presentasi Reksadana Kresna Indeks 45 serta Simulasi Kren Direct di UIN Syarif Hidayatullah, Tangerang.

16 Oktober 2014

Kresna Securities menjadi Guest Lecturer “Technical & Fundamental Analysis” di School of Business and Management Institut Teknologi Bandung (SBM ITB).

9 October 2014

Kresna Securities conducted “Technical & Fundamental Analysis Training” at Budi Luhur University (UBL), Jakarta.

15-16 October 2014

Kresna Securities conducted the “Introduction to Capital Market Seminar” and presentation on “Kresna Indeks 45 Mutual Fund” and “Kren Direct Simulation” at UIN Syarif Hidayatullah, Tangerang.

16 October 2014

Kresna Securities was featured as Guest Lecturer for “Technical & Fundamental Analysis” at the School of Business and Management, Bandung Institute of Technology (SBM ITB).

17 Oktober 2014

Kresna Securities menjadi sponsor Peluncuran Buku Solusi Jokowi di Hotel Borobudur, Jakarta.

30 Oktober 2014

Kresna Securities menjadi Guest Lecturer “Mutual Fund dan Exchange Trade Fund” di School of Business and Management Institut Teknologi Bandung (ITB).

31 Oktober 2014

Kresna Securities menyelenggarakan Presentasi Reksadana Kresna Indeks 45 di Universitas Budi Luhur (UBL), Jakarta.

31 Oktober 2014

PT Kresna Graha Sekurindo Tbk menjadi narasumber dalam acara CEO Talk yang disiarkan oleh Berita Satu di Kresna Tower, Jakarta.

17 October 2014

Kresna Securities sponsored the launching of “Solusi Jokowi” book held at Hotel Borobudur, Jakarta.

30 October 2014

Kresna Securities was featured as Guest Lecturer for “Mutual Fund and Exchange Trade Fund” at the School of Business and Management Bandung Institute of Technology (ITB).

31 October 2014

Kresna Securities conducted a presentation on “Kresna Indeks 45 Mutual Fund” at Budi Luhur University (UBL), Jakarta.

31 October 2014

PT Kresna Graha Sekurindo Tbk was featured during the “CEO Talk” event broadcast by Berita Satu from Kresna Tower, Jakarta.

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nOveMber

4 November 2014

Kresna Securities menyelenggarakan Presentasi Pengenalan Pasar Modal dan Presentasi Reksadana Kresna Indeks 45 kepada mahasiswa Magister Manajemen Universitas Kristen Indonesia (UKI), Jakarta.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

11 November 2014

Kresna Securities menyelenggarakan Training Technical & Fundamental Analysis bagi mahasiswa Magister Manajemen Universitas Kristen Indonesia (UKI), Jakarta.

4 November 2014

18 November 2014

Kresna Securities menyelenggarakan

Kresna Securities menyelenggarakan

Training Technical Analysis di

Training Marketing di Universitas M.

Universitas M. H. Thamrin, Jakarta.

H.

Thamrin, Jakarta.

5-6 November 2014

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November 2014

Kresna Securities menjadi mitra

Kresna Securities mendapatkan

kerjasama PT Bursa Efek Indonesia mengadakan Sekolah Pasar Modal

kunjungan dalam kegiatan kunjungan universitas dari mahasiswa Univ. M.

(SPM) di Gedung Bursa Efek Indonesia.

H.

Thamrin di Kresna Tower, Jakarta.

11 November 2014

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November 2014

Kresna Securities mendapatkan kunjungan dalam kegiatan kunjungan universitas dari mahasiswa Institut Koperasi Indonesia (IKOPIN) di Kresna Tower, Jakarta.

4 November 2014

Kresna Securities conducted a presentation on “Introduction to Capital Market” and presentation on “Kresna Indeks 45 Mutual Fund” to the students of the Master of Management Program, Indonesia Christian University (UKI), Jakarta.

4 November 2014

Kresna Securities conducted a “Technical Analysis Training” at M. H. Thamrin University, Jakarta.

5-6 November 2014

Kresna Securities partnered with PT Bursa Efek Indonesia to conduct the “Capital Market School” program at the Indonesia Stock Exchange Building.

11 November 2014

Kresna Securities received students participating in the University Visit program from the Indonesian Cooperative Institute (IKOPIN), at Kresna Tower, Jakarta.

Kresna Securities menyelenggarakan Training Technical & Fundamental Analysis dan Presentasi Reksadana Kresna Indeks 45 di Universitas Budi Luhur (UBL), Jakarta.

11 November 2014

Kresna Securities conducted “Technical & Fundamental Analysis Training” for students of the Master of Management Program, Indonesia Christian University (UKI), Jakarta.

18 November 2014

Kresna Securities conducted “Marketing Training” at M. H. Thamrin University, Jakarta.

19 November 2014

Kresna Securities received students participating in the University Visit program from M. H. Thamrin University, at Kresna Tower, Jakarta.

25 November 2014

Kresna Securities conducted “Technical & Fundamental Analysis Training” and presentation on “Kresna Indeks 45 Mutual Fund” at Budi Luhur University (UBL), Jakarta.

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DeceMber

5 Desember 2014

Kresna Securities menyelenggarakan Temu Investor di School of Business and Management Institut Teknologi Bandung (SBM ITB).

9 Desember 2014

PT Kresna Graha Sekurindo Tbk mendapatkan penghargaan “Perusahaan Terbaik untuk Pembelajaran Organisasi 2014 dan Manajemen Pemasaran Terbaik 2014” dari Anugerah Business Review 2014 di The Ritz-Carlton Ballroom, Jakarta.

10 Desember 2014

PT Kresna Graha Sekurindo Tbk mendapatkan penghargaan dari

Majalah Investor dan Berita Satu sebagai “Sekuritas Terbaik 2014 Kategori Aset Diatas Rp 500 Miliar – Rp 1 Triliun” yang diadakan di Hotel Le Meridien, Jakarta.

5 December 2014

Kresna Securities conducted an “Investor Gathering” at the School of Business and Management Bandung Institute of Technology (SBM ITB).

9 December 2014

PT Kresna Graha Sekurindo Tbk received the award as “The Best Company for Learning Organization 2014” at the Anugerah Business Review 2014 held at The Ritz-Carlton Ballroom, Jakarta.

10 December 2014

PT Kresna Graha Sekurindo Tbk was conferred an award as “The Best Securities Company 2014, in Assets Above Rp 500 billion to Rp 1 trillion Category”, held by Investor Magazine and Berita Satu at Le Meridien Hotel, Jakarta.

12-13 Desember 2014

PT Kresna Graha Sekurindo Tbk mengadakan Rapat Koordinasi se- Indonesia di Kresna Tower, Jakarta.

19 Desember 2014

Kresna Securities menyelenggarakan Training Simulasi Kren Direct dan Technical & Fundamental Analysis untuk Persiapan Trading Competition di Universitas M. H. Thamrin, Jakarta.

12-13 December 2014

PT Kresna Graha Sekurindo Tbk conducted “Nationwide Coordination Meeting” at Kresna Tower, Jakarta.

19 December 2014

Kresna Securities conducted the “Kren Direct Simulation and Technical & Fundamental Analysis Training” in preparation for the Trading Competition held at M. H. Thamrin University, Jakarta.

awards and certifications

penghargaan dan sertifikasi

Majalah INVESTOR

INVESTOR Magazine

dan sertifikasi Majalah INVESTOR INVESTOR Magazine Emiten Terbaik 2012 dengan Kelas Aset Rp 500 Miliar -

Emiten Terbaik 2012 dengan Kelas Aset Rp 500 Miliar - Rp 1 Triliun

Best Listed Company with Asset Class of Rp 500 Billion - Rp 1 Trillion

Company with Asset Class of Rp 500 Billion - Rp 1 Trillion Sekuritas Terbaik 2014 Kategori

Sekuritas Terbaik 2014 Kategori Aset di atas Rp 500 miliar - Rp 1 triliun

Best Securities Company in 2014 with Assets between Rp 500 billion - Rp 1 trillion

Economic Review, Business Review,

Indonesia Asia Institute & Perbanas

Institute

Review, Indonesia Asia Institute & Perbanas Institute Anugerah Perusahaan Tbk Indonesia 2014: Perusahaan

Anugerah Perusahaan Tbk Indonesia 2014: Perusahaan Sekuritas Terinovasi

Indonesian Public Company Awards 2014: Most Innovative Securities Company

Company Awards 2014: Most Innovative Securities Company Emiten Terbaik 2011 Sektor Sekuritas dan Reksa Dana The

Emiten Terbaik 2011 Sektor Sekuritas dan Reksa Dana

The Best Public Company in the Securities and Mutual Fund Sector

Best Public Company in the Securities and Mutual Fund Sector Emiten Terbaik 2014: Sektor Sekuritas dan

Emiten Terbaik 2014: Sektor Sekuritas dan Reksa Dana

Best Listed Company 2014:

Securities & Mutual Funds Sector

Listed Company 2014: Securities & Mutual Funds Sector Anugerah Perusahaan Tbk Indonesia 2014: Michael Steven, CEO

Anugerah Perusahaan Tbk Indonesia 2014: Michael Steven, CEO Teranalitis 2014

Indonesian Public Company Awards 2014: Michael Steven, The Most Analytical CEO 2014

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

2014 Annual Report Laporan Tahunan 2014 Kresna Securities Emiten Terbaik 2010 Sektor Sekuritas dan Reksa Dana

Emiten Terbaik 2010 Sektor Sekuritas dan Reksa Dana

The Best Public Company in the Securities and Mutual Fund Sector

Best Public Company in the Securities and Mutual Fund Sector Anugerah Perusahaan Tbk Indonesia 2014: Peringkat

Anugerah Perusahaan Tbk Indonesia 2014: Peringkat III, Bidang Perusahaan Efek Kelompok Keuangan

Indonesian Public Company Awards 2014: 3rd Place, Category: Securities Company, Group: Finance

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Anugerah Business Review 2014

18 Anugerah Business Review 2014 Perusahaan Terbaik untuk Pembelajaran Organisasi 2014 The Best Corporation for Learning

Perusahaan Terbaik untuk Pembelajaran Organisasi 2014

The Best Corporation for Learning Organization 2014

2014 The Best Corporation for Learning Organization 2014 Manajemen Pemasaran Terbaik Tahun 2014 The Best Marketing

Manajemen Pemasaran Terbaik Tahun 2014

The Best Marketing Management of the Year 2014

Tahun 2014 The Best Marketing Management of the Year 2014 Peringkat 4 Pengembangan Komunikasi Korporat Terbaik

Peringkat 4 Pengembangan Komunikasi Korporat Terbaik Tahun 2013

4th Best Corporate Communication Development of the Year 2013

Best Corporate Communication Development of the Year 2013 CEO Terbaik untuk Pengembangan Kerja Tim Bisnis Tahun

CEO Terbaik untuk Pengembangan Kerja Tim Bisnis Tahun 2013

Best CEO for Business Teamwork Development of the Year 2013

Best CEO for Business Teamwork Development of the Year 2013 Peringkat 5 Perusahaan dengan Organisasi Pembelajaran

Peringkat 5 Perusahaan dengan Organisasi Pembelajaran Terbaik Tahun 2013

5th Best Corporation for Learning Organization of the Year 2013

Best Corporation for Learning Organization of the Year 2013 Peringkat 2 Manajemen Pemasaran Terbaik Tahun 2013

Peringkat 2 Manajemen Pemasaran Terbaik Tahun 2013

2nd Best Marketing Management of the Year 2013

Tahun 2013 2nd Best Marketing Management of the Year 2013 Peringkat 3 Sumber Daya Manusia Terbaik

Peringkat 3 Sumber Daya Manusia Terbaik Tahun 2013

3rd Best Human Capital of the Year 2013

Terbaik Tahun 2013 3rd Best Human Capital of the Year 2013 Peringkat 3 Perusahaan Terbaik Tahun

Peringkat 3 Perusahaan Terbaik Tahun 2013

3rd Best Corporate of the Year 2013

The Grief of Arjuna Arjuna was saddened by Abimanyu’s death, and raged by Korawa’s treatment

The Grief of Arjuna

Arjuna was saddened by Abimanyu’s death, and raged by Korawa’s treatment of his body.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

LAPORAN DEWAN KOMISARIS Report of the Board of Commissioners

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laporan dewan komisaris

report of the board of commissioners

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Para Pemangku Kepentingan yang

terhormat,

Atas nama Dewan Komisaris PT Kresna Graha Sekurindo Tbk, saya menyampaikan salam dan terima kasih kepada seluruh pemangku kepentingan dan khususnya kepada pemegang saham, yang terus memberikan kepercayaan kepada Perseroan dalam berkiprah di industri keuangan Indonesia yang perkembangannya sampai sejauh ini sangat menarik.

Berlanjutnya iklim ketidakpastian dalam perekonomian global mewarnai tahun 2014. Sementara Amerika Serikat mengalami pemulihan yang dampaknya mulai cukup dirasakan, di Eropa lambannya pertumbuhan masih menjadi persoalan. Di tahun 2014 perlambatan pertumbuhan pun dialami oleh banyak negara,

Esteemed Stakeholders,

On behalf of the Board of Commissioners of PT Kresna Graha Sekurindo Tbk, I hereby extend my greetings and gratitude to all stakeholders and especially to our valued shareholders, those who have given their trust in the Company as it forged ahead in the Indonesian financial industry—an industry whose developments so far have been exciting, to say the least.

There was a continuing climate of uncertainty in the global economy throughout 2014. While the United States experienced a turnaround, with impacts already begun to exert an effect, economic sluggishness in Europe remained a major issue. In 2014 a slowdown was also experienced by many countries,

termasuk China yang selama dua dekade terakhir tumbuh secara sangat impresif, menjadi kekuatan ekonomi terbesar kedua di dunia. Indonesia sendiri tumbuh sedikit lebih dari 5%, namun di bawah laju pertumbuhan tahun 2013.

Lagi-lagi tingginya konsumsi domestik dan pertumbuhan sektor informal dan usaha kecil menengah (UKM) menjadi faktor pendorong pertumbuhan di Indonesia, di tengah rendahnya ekspor akibat turunnya harga-harga komoditas dan tingginya inflasi seiring depresiasi rupiah dan dihentikannya subsidi bahan bakar minyak oleh pemerintahan baru hasil pemilihan umum 2014 yang dapat dikatakan berlangsung sukses.

including China, a nation whose economic growth over the past two decades had been impressive, allowing it to become the world’s second-largest economy. Meanwhile, Indonesia’s economy grew slightly more than 5%, somewhat below the growth rate experienced in 2013.

Domestic consumption and growth in the informal and small and medium enterprises (SME) sectors serve as the backbone for Indonesia’s economic progress. Both factors compensated for slow export performance, the result of declining commodity prices and soaring inflation, caused in turn by rupiah depreciation; exacerbating this situation was the phasing out of fuel subsidies by the new government, following the relatively successful general elections held in 2014.

Dewan Komisaris menyambut baik kinerja Direksi, manajemen dan seluruh karyawan yang telah menunjukkan kerja keras mereka selama tahun 2014 dan membawa hasil yang cukup memuaskan dari segi profitabilitas dan nilai bagi pemegang saham.

Pada akhir tahun 2014 laba bersih Perseroan meningkat tajam dari Rp 16,4 miliar di tahun 2013 menjadi sekitar Rp 66,5 miliar. Sejalan dengan itu, nilai kapitalisasi pasar saham Perseroan (KREN), di bursa juga meningkat 31% menjadi sekitar Rp 1,77 triliun per akhir 2014. Dengan demikian, Perseroan berada dalam posisi finansial yang lebih kuat untuk lebih memanfaatkan peluang- peluang yang muncul di pasar modal sehingga dapat menghasilkan keuntungan maksimal.

The Board of Commissioners sincerely commends the performance of the Board of Directors, Management and all employees, those who have demonstrated their hard work throughout 2014, a year whose outcome in terms of profitability and shareholder value we deem satisfactory.

By the end of 2014 the Company’s net profit rose from Rp 16.4 billion in 2013 to Rp 66.5 billion. In keeping with that, the Company’s shares (KREN) performed well in the stock market, posting a 31% increase in market capitalization to reach Rp 1.77 trillion. This has allowed the Company to be more poised for creating maximum benefit from the opportune moments that may present themselves in the capital markets.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Dewan Komisaris telah melihat upaya-upaya yang telah dilakukan oleh Direksi dan manajemen dalam rangka memperoleh hasil usaha yang optimal dari setiap unit bisnis Perseroan di tahun 2014 dan menghimbau agar di tahun-tahun mendatang kinerja setiap unit bisnis dapat terus ditingkatkan, sementara efisiensi operasionalnya juga terus diupayakan melalui berbagai langkah penghematan beban usaha. Kami memandang hal ini sebagai sesuatu yang krusial karena keberhasilan Perseroan di masa mendatang tak hanya akan berasal dari kepercayaan para klien dan pemegang saham tetapi juga dari tingkat efisiensi operasionalnya, mengingat kian hari persaingan dalam industri keuangan kian ketat.

The Board of Commissioners has observed the effort of the Board of Directors and Company Management in obtaining optimal results from each business unit of the Company in 2014. We would therefore like to encourage them to continuously refine the performance of each business unit in coming years, while increasing operational efficiency through various cost-cutting measures. We see this as a crucial point to achieve, as the Company’s future success will not only come from the trust of its clients and shareholders, but also from how efficiently it can run its business, given the increasingly tight competition in the financial industry nowadays.

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Selama tahun 2014 Dewan Komisaris telah melaksanakan tugas-tugas terkait pengawasan dan pemberian nasehat kepada Direksi Perseroan tanpa menjumpai halangan yang berarti. Dewan Komisaris senantiasa mendapatkan dukungan dari Komite Audit yang telah menunjukkan profesionalisme dan kinerjanya yang unggul. Mengacu pada Laporan Keuangan yang menjadi bagian dari Laporan Tahunan ini, Dewan Komisaris menyatakan puas dengan strategi dan implementasi bisnis Direksi di tahun 2014.

Kinerja Perseroan yang baik di tahun 2014 ditandai dengan diraihnya delapan penghargaan antara lain sebagai Perusahaan Publik Terbaik 2014 Sektor Sekuritas dan Reksa Dana versi Majalah INVESTOR, Perusahaan Terbaik untuk Pembelajaran Organisasi 2014 dari Anugerah Business Review dan enam penghargaan lainnya baik bagi Perseroan maupun bagi Direksi.

Throughout 2014 the Board of Commissioners conducted its supervisory and advisory duties in relation to the Board of Directors’ performance, without encountering any significant hurdles. The Board of Commissioners received the constant support from the Audit Committee, who in assisting us has demonstrated professionalism and excellent performance. With respect to the Financial Statements that make up a part of this Annual Report, the Board of Commissioners hereby states its satisfaction with the Company’s business strategy and the implementation thereof, as carried out by the Board of Directors in 2014.

The Company’s fine performance in 2014 was topped off by the eight awards that it received, among others ‘the Best Listed Company 2014 in the Securities and Mutual Funds Sector’ according to INVESTOR Magazine, ‘the Best Corporation for Learning Organization 2014’ from the Anugerah Business Review, and six other awards for either the Company or its Board of Directors.

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Untuk tahun-tahun selanjutnya, Dewan Komisaris akan senantiasa mengingatkan Direksi agar dalam pelaksanaan setiap kegiatan bisnisnya Perseroan selalu mengindahkan aturan- aturan yang berlaku dan mendasarinya dengan prinsip-prinsip tata kelola yang baik, sebagai cerminan dari budaya integritas yang harus dianut oleh semua karyawan Perseroan. Dengan integritas, Perseroan dapat menunjukkan ke- unggulannya dan memenangkan kepercayaan para klien dan pemegang saham.

Didasarkan pada pertimbangan di atas, Dewan Komisaris telah mengkaji rencana dan strategi bisnis yang akan diterapkan oleh Direksi di tahun 2015 dan menyatakan persetujuannya terhadap rencana-rencana tersebut, serta memberikan dukungan se- penuhnya dalam pelaksanaannya. Dewan Komisaris berharap bahwa dengan penerapan strategi jangka panjang yang tepat Perseroan dapat memainkan peran yang semakin penting di kancah industri keuangan nasional, sekaligus membantu mentransformasi Indonesia sebagai salah satu pusat keuangan dunia.

In coming years, the Board of Commissioners shall continue to remind the Board of Directors that the Company should always abide by prevailing regulations and ground its actions on the principles of good corporate governance, reflecting the integrity culture that is espoused by all employees of the Company. With integrity we believe the Company will show its true excellence, and with it, it will win the trust of clients and shareholders.

Based on the above considerations, the Board of Commissioners has reviewed the business plans and strategies that the Board of Directors will implement in 2015. We hereby approve such plans and will show our full support for their implementation. With the right business strategy for the long run, The Board of Commissioners expects to see the Company play an increasingly important role in the national financial industry, as it takes part in transforming Indonesia into one of the world’s major financial hubs.

Akhir kata, mewakili Dewan Komisaris saya memberikan apresiasi kepada seluruh pemangku kepentingan dan khususnya kepada manajemen dan karyawan Perseroan, atas dukungan yang telah diberikan dan tentunya berharap bahwa dukungan tersebut akan terus kami terima, seiring Perseroan berjuang menjadi perusahaan keuangan yang terkemuka dan mendukung kemajuan bangsa Indonesia.

Hormat saya,

Ingrid Kusumodjojo Komisaris Utama

In closing, representing the Board of Commissioners, I would like to extend my appreciation to all stakeholders and in particular to the management and employees of the Company for their unceasing support. In doing so we also hope that the Company will continue to enjoy such support, as we strive to become a leading financial institution and help further the progress of the Indonesian nation.

With utmost respect,

Ingrid Kusumodjojo President Commissioner

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities Arjuna’s Vow Arjuna was so

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Arjuna’s Vow

Arjuna was so angered that he vowed! “By sunset tomorrow, only one shall remain. Either I kill Jayadrata or burn myself!”

LAPORAN DIREKSI Report of the Board of Directors

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laporan dewan direksi

report of the board of directors

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Pemegang Saham yang terhormat,

Dengan bangga atas nama Direksi dan tim manajemen PT Kresna Graha Sekurindo Tbk, saya menyampaikan salam sejahtera bersamaan dengan Laporan Tahunan 2014 Perseroan, yang menceritakan berbagai pencapaian, keberhasilan dan tantangan yang telah kami lalui di tahun tersebut.

Situasi perekonomian global di tahun 2014 masih tidak terlalu berbeda dari kondisi tahun sebelumnya yaitu sarat ketidakpastian. Akibatnya, banyak negara mencatat pertumbuhan ekonomi yang lebih lambat dibanding- kan tahun 2013. Laju pertumbuhan ekonomi China pada tahun 2014 merupakan yang terendah selama dua dekade, sementara di Eropa

Esteemed Shareholders,

It is with honor that I, representing the Board of Directors and the management team of PT Kresna Graha Sekurindo Tbk, hereby extend to you my best wishes and greetings as I present the Company’s 2014 Annual Report. In this report, we disclose to you our achievements, successes and the challenges we faced.

The global economy in 2014 was a continuation of the theme prevailing in the previous year, in which uncertainties were rife, driving many countries to slower economic growth compared to 2013. China’s economic growth in 2014 was the lowest in two decades, while in Europe a feeling of

atmosfer krisis masih sangat terasa. Hal yang berbeda terjadi di Amerika Serikat, yang perekonomiannya mulai menggeliat, pasca rampungnya program stimulus ekonomi yang dijalankan selama bertahun-tahun oleh Bank Sentral AS.

Di Indonesia, pertumbuhan ekonomi tahun 2014 mencapai sedikit di atas 5%, melambat dibandingkan tahun 2013, antara lain akibat lemahnya harga-harga komoditas seperti batubara dan minyak sawit yang selama ini menjadi andalan ekspor Indonesia dan yang tak kalah pentingnya, sentimen investor dan pelaku pasar yang cenderung menunggu terciptanya kestabilan politik yang lebih kondusif bagi industri pasca terselenggaranya pemilihan umum legislatif dan presiden di 2014.

crisis lingered. A different situation was seen in the United States, however, with its economy slowly recovering post-quantitative easing program, which for years had been pursued as the overarching policy of the Federal Reserve.

In Indonesia, economic growth in 2014 was slightly above 5%. This was lower than the growth posted in 2013, the result of the weakening prices of commodities, such as coal and palm oil, the two mainstays of Indonesian exports for many years. To more or less the same degree was the wait- and-see sentiment of investors and market players, as they delayed their major investment decisions until the political situation became more stable and more conducive to industry, following the country’s success in holding legislative and presidential elections in 2014.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Rendahnya nilai ekspor dibandingkan impor membuat neraca berjalan Indonesia tetap mengalami defisit sepanjang 2014. Ditambah dengan perkasanya mata uang dolar AS di pasar uang dunia, nilai tukar rupiah mengalami pelemahan sekitar 10% terhadap dolar AS, hingga mencapai titik terendahnya sejak tahun 2008.

Penurunan rupiah dan kebijakan pemerintahan baru untuk meng- hapuskan subsidi bahan bakar minyak dan mengalihkan dananya ke sektor infrastruktur yang lebih berjangka panjang, menyebabkan angka inflasi cukup tinggi yaitu 8,36% per akhir 2014. Akan tetapi, maraknya sambutan pasar terhadap pemerintahan baru mendongkrak kinerja Bursa Efek Indonesia tahun 2014, kontras dengan lemahnya kinerja rupiah.

Lower export figures compared to imports did not help narrow Indonesia’s current account deficit throughout 2014. Coupled with a stronger US dollar in the global foreign exchange market, the rupiah’s exchange rate to the US dollar declined by 10%, slipping to its lowest point since 2008.

The rupiah’s depreciation and the new government’s policy to scrap fuel subsidies and funnel the funds saved into more long-term-oriented infrastructure development, resulted in an inflation rate of 8.36% by the end of 2014. However, the positive market response to the new government propelled the stock market upward in 2014, in contrast with the rupiah’s anemic performance.

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Indeks Harga Saham Gabungan ditutup lebih tinggi 22% dibandingkan nilainya pada awal tahun 2014, sementara kapitalisasi pasar naik fenomenal sebesar 24%, didorong oleh masuknya 25 perusahaan baru ke bursa. Satu diantaranya, yaitu PT Intermedia Capital Tbk, difasilitasi oleh Perseroan.

Pada tahun 2014 dari berbagai aktivitas bisnisnya Perseroan membukukan pendapatan sebesar Rp 193,2 miliar, naik 37% dari Rp 141,1 miliar di tahun 2013. Laba bersih Perseroan di tahun 2014 tercatat naik 305%, dari Rp 16,4 miliar di 2013 menjadi Rp 66,5 miliar.

The Jakarta Composite Index closed in 2014 22% higher than it stood at the beginning of the year, while total market capitalization was 24% higher, driven by the listing of 25 companies in the stock market. One of these, PT Intermedia Capital Tbk, was facilitated in its Initial Public Offering by the Company.

The Company recorded revenue of Rp 193.2 billion in 2014 from all of its business activities. This figure was 37% higher than the 2013 revenue of Rp 141.1 billion. The Company’s net income in 2014 was up 305%, from Rp 16.4 billion in 2013 to more than Rp 66.5 billion.

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Seiring dengan meningkatnya laba dan profitabilitas, total aset dan ekuitas Perseroan juga meningkat per akhir 2014 dibandingkan satu tahun sebelumnya. Total aset tercatat Rp 781,4 miliar, sementara ekuitas Rp 467,6 miliar.

Salah satu strategi utama yang dijalankan Perseroan di tahun 2014 adalah fokus melayani segmen Institusional dalam bisnis Ekuitas, sekaligus terus melakukan penyempurnaan dalam berbagai bidang operasional khususnya yang terkait infrastruktur dan teknologi. Selain itu, Perseroan juga telah mulai menjalankan kebijakan pengelolaan tenaga kerja berbasis kompetensi dalam tahapan-tahapan rekrutmen, penilaian kinerja dan pemetaan karyawan, yang kami sebut dengan para “Kresnan”.

In line with the increase in net profit and profitability, the Company’s total assets and equity also rose as of the end of 2014, compared to one year before. Total assets stood at Rp 781.4 billion, while equity stood at Rp 467.6 billion.

One of the main strategies employed by the Company in 2014 was to focus its Equity business on the Institutional segment. In addition, the Company continued to improve its operations, in particular as regards the aspects of infrastructure and technology. The Company has also enacted a competence-based human resources management policy in stages of recruitment, performance assessment and talent mapping of our employees, whom we call “Kresnans”.

Sepanjang tahun 2014, Perseroan senantiasa menyelenggarakan kegiatan bisnisnya dengan berlandaskan pada penerapan prinsip-prinsip tata kelola perusahaan yang baik, karena selain industri keuangan merupakan industri yang pengawasannya sangat ketat, industri keuangan juga merupakan industri di mana faktor kepercayaan adalah yang paling utama, sebagaimana tercermin dalam budaya perusahaan kami, yaitu “Kepercayaan, Integritas dan Keunggulan” yang kami tanamkan dalam diri setiap Kresnan.

Throughout 2014 the Company conducted its business activities on the foundation of good corporate governance principles. This is important to us not only because the financial industry is highly regulated and supervised, but because it is an industry where trust is the main currency. This is reflected in our corporate culture, namely “Trust, Integrity and Excellence”, which we inculcate in each Kresnan.

Kami juga menyadari bahwa keberadaan Perseroan haruslah bermanfaat tak hanya bagi para pemegang saham dan klien-kliennya, tetapi juga bagi masyarakat di mana kami beroperasi. Untuk itu kami mendukung program inklusi dan literasi keuangan yang digagas Otoritas Jasa Keuangan dengan memberikan pendidikan keuangan bagi masyarakat luas. Maka dari itu, di tahun 2014 Perseroan menjalankan program-program tanggung jawab sosialnya antara lain Sekolah Pasar Modal, Gerakan Cinta Pasar Modal, Pasar Keuangan Rakyat, Laboratorium Bursa dan Program Kemitraan Akademis. Semua ini kami lakukan untuk mencapai sasaran kami yaitu menciptakan masyarakat yang memiliki kebebasan finansial sekaligus sadar berinvestasi.

We realize that the Company’s presence should benefit the shareholders, clients, and go beyond that: to the communities in which we operate. To that end, we are supporting the financial inclusion and literacy programs instigated by the Financial Services Authority (OJK), by providing financial education to the public. In 2014 the Company carried out its corporate social responsibility programs, among others being the Capital Market School, Love Your Capital Market Movement, People’s Financial Markets, Capital Market Laboratory and Academic Partnership Programs, with the objective in mind to foster a society that has financial liberty and awareness to invest.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Perseroan juga menyediakan produk Reksa Dana Kresna Indeks45 yang dapat diikuti oleh investor hanya dengan dana Rp 100 ribu per bulan.

Begitu signifikannya kenaikan di

Bursa Efek Indonesia meneguhkan keyakinan Perseroan bahwa potensi

di pasar modal Indonesia untuk

tahun-tahun yang akan datang tetap

sangat besar dan menjanjikan. Untuk

itu, kami terus mengajak investor baik

yang baru maupun yang lama untuk memanfaatkan potensi pertumbuhan ini, dengan berinvestasi di pasar modal dengan bijak dan tentunya dilandasi dengan analisis dan pengetahuan yang memadai tentang pasar. Inilah yang selama bertahun-

The Company also offers the Kresna Indeks45 Mutual Fund product, through which any investor with as little as Rp 100,000 per month can subscribe to as an investment.

The significant growth seen on the Indonesia Stock Exchange has affirmed our belief that there remains literally vast and promising potential for further development in years to come. We are therefore persistent in inviting new and existing investors to take advantage of this growth potential by investing in the stock market in a prudent and well-informed manner. Solid analyses and adequate,

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tahun telah Perseroan tawarkan, dan untuk tahun-tahun selanjutnya kami bertekad untuk terus meningkatkan kualitas dan nilai dari layanan kami bagi semua klien.

Untuk tahun 2015, kami menetapkan sasaran pertumbuhan dari segi pendapatan dan jumlah nasabah aktif dalam rangka menunjang profitabilitas di setiap cabang. Hal ini akan kami wujudkan sejalan dengan strategi jangka panjang kami yaitu menciptakan pertumbuhan

accurate market information have been the Company’s main offer to its clients for years and onwards we shall continue to improve the quality and value of our service to all of our clients.

We have established a set of growth targets in terms of revenue and total number of active customers, aiming to increase profitability in each of our branches. This is aligned with our

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berkelanjutan. Untuk jangka panjang, kami akan terus mengembangkan sektor Ritel sambil tetap berfokus pada para klien Institusional dan klien premium (high networth).

Atas nama Direksi dan manajemen, saya berterima kasih kepada pemegang saham dan seluruh klien atas dukungan dan kepercayaannya, kepada para Kresnan, pemerintah dan regulator, mitra kerja dan pemasok, dan juga masyarakat luas. Bersama mereka Perseroan telah tumbuh menjadi seperti sekarang. Bersama mereka pula kami harap dapat mewujudkan masyarakat Indonesia yang lebih kuat dan sejahtera.

Atas nama Direksi,

Michael Steven

Direktur Utama

long-term strategy, that is to achieve sustainable growth. In the long run we are set on expanding our Retail sector while maintaining focus on our Institutional and high net worth individual clients.

On behalf of the Board of Directors and the management, I extend my gratitude to all shareholders and clients for their trust and support, to all Kresans, to the government and regulators, to our business partners and suppliers, and also to the public. With each of them the Company has grown to become what it is now. With them, too, we hope to bring forth a stronger, more prosperous Indonesia.

On behalf of the Board of Directors,

Michael Steven

President Director

The 1000 Clones Aware of Arjuna’s vow, Jayadrata created 1000 clones of himself. Kresna Securities

The 1000 Clones

Aware of Arjuna’s vow, Jayadrata created 1000 clones of himself.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

PROFIL MANAJEMEN Management Profile

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management

profiles

profil manajemen

IngrId

Kusumodjojo

Komisaris Utama President Commissioner

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30

robert braIl

Komisaris Independen Independent Commissioner

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

octavIanus

dewI KartInI

budIyanto

laya

Direktur

Direktur

Director

Director

mIchael

steven

Direktur Utama

President Director

suryandy

jahja

Direktur

Director

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profil dewan komisaris

profiles of the board of commissioners

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ingriD

KusuMODJOJO

Komisaris Utama

Warga Negara Indonesia. Lahir di Koln, Jerman tahun 1964. Memperoleh gelar BSc bidang Food

Sciences dari University of California, Davis, tahun 1987 dan gelar Master of Business Administration dari Golden Gate University, San Francisco, tahun

1991.

Pernah bekerja sebagai Quality Control Supervisor di PT Del Monte Foods (1986-1987), sebagai Research Development Manager di PT Cipta Rasa Primatama (1988- 1989), sebagai Account Officer di World Trade Center, San Francisco (1989-1991) dan sebagai Finance & Accounting Manager di PT Sassoon Wushen Kedaung (1992-1998).

ingriD

KusuMODJOJO

President Commissioner

Indonesian citizen. Born in Cologne, Germany in 1964. Graduated with a Bachelor of Science degree in Food Sciences from the University of California, Davis, in 1987, and with a Master’s Degree in Business Administration from Golden Gate University, San Francisco in 1991.

Her career spanned working as Quality Control Supervisor at PT Del Monte Foods (1986-1987), Research Development Manager at PT Cipta Rasa Primatama (1988-1989), then as Account Officer at World Trade Center, San Francisco (1989-1991) and Finance & Accounting Manager at PT Sassoon Wushen Kedaung

(1992-1998).

Bergabung dengan PT Kresna Graha Sekurindo Tbk di tahun 1999, menjabat Komisaris Utama hingga saat ini. Merangkap jabatan sebagai Komisaris Utama PT Asuransi Jiwa Kresna dari tahun 2008 dan Komisaris

Utama PT Kingsland International dari

2004.

Memegang izin Wakil Perantara Pedagang Efek dari Bapepam-LK (sekarang Otoritas Jasa Keuangan).

Masa jabatannya sebagai Komisaris Utama berlaku hingga 2018.

She joined PT Kresna Graha Sekurindo Tbk in 1999 and has been serving as President Commissioner to date. Concurrently serves as President Commissioner at PT Asuransi Jiwa Kresna (since 2008) and PT Kingsland International (since 2004).

Holds a Broker/Dealer Representative License from the Indonesian Capital Market Supervisory Agency (Bapepam-LK, now the Financial Services Authority).

Her term as President Commissioner extends until 2018.

rObert brail Komisaris Independen Warga Negara Indonesia. Lahir di Banyuwangi tahun 1945. Meraih gelar Sarjana

rObert brail

Komisaris Independen

Warga Negara Indonesia. Lahir di Banyuwangi tahun 1945. Meraih gelar Sarjana Ekonomi dari Universitas Brawijaya Malang tahun 1971 dan Master of Ministry dari Universitas Kristen Duta Wacana tahun 2008.

Memulai karirnya di SGV-Utomo tahun 1971 - 1973 dan sejak September

1973 bekerja di PT Caltex Pacific

Indonesia (CPI) sampai Januari 2002. Selama hampir 30 tahun menjabat berbagai posisi di bagian Keuangan termasuk sebagai Head of Internal Audit dan jabatan terakhir sebagai Vice President Finance & Treasury. Selama bekerja di PT CPI, mengikuti berbagai seminar dan kursus di bidang Internal Audit dan Keuangan baik di dalam negeri maupun di luar negeri. Sejak 2002 sampai

2008 diangkat sebagai Ketua Dana

Pensiun PT CPI.

rObert brail

Independent Commissioner

Indonesian citizen. Born in Banyuwangi in 1945. Obtained his Bachelor’s Degree in Economics from Brawijaya University, Malang, in 1971, and his Master’s of Ministry Degree from Duta Wacana Christian University in 2008.

Began his career at SGV-Utomo from 1971 to 1973, and starting from September 1973 worked at PT Caltex Pacific Indonesia (CPI) until January 2002. Has almost 30 years of experience working at various positions in the Finance sector, including as Head of Internal Audit and his final position as Vice President Finance & Treasury. While working at PT CPI, participated in various seminars and courses in Internal Audit and Finance both in Indonesia and overseas. From 2002 to 2008 served as Chairman of the Pension Fund of PT CPI.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Memiliki sertifikasi Management Umum Dana Pensiun dan sering mengikuti berbagai pelatihan di bidang Dana Pensiun dan Investasi.

Bergabung dengan Kresna Securities pada tahun 2013 sebagai Komisaris Independen. Merangkap jabatan sebagai Ketua Dana Pensiun Gereja Protestan di Indonesia Bagian Barat

(2011-sekarang).

Masa jabatannya sebagai Komisaris Independen berlaku hingga 2018.

Retains the General Management of Pension Funds certification and actively participates in Pension Fund and Investment training programs.

Joined Kresna Securities in 2013

as Independent Commissioner.

Concurrently serves as Chairman

of Pension Fund of Gereja Protestan

di Indonesia Bagian Barat

(2011-present).

as

His

Independent

Commissioner extends until 2018.

term

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profil direksi

profiles of the board of directors

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Michael steven

Direktur Utama

Warga Negara Indonesia. Lahir di Jakarta tahun 1963. Memperoleh gelar MBA bidang Corporate Finance & Banking dari Golden Gate University, San Francisco, tahun 1988 dan gelar BA bidang Computer Science & Mathematics dari University of Texas, Austin, tahun 1986.

Pernah bekerja di perusahaan jasa investasi di San Francisco, menangani high-networth-individuals selama lima tahun (1992-1998) dengan jabatan terakhir Chief Operation Officer merangkap Direktur Pemasaran.

Michael steven

President Director

Indonesian citizen. Born in Jakarta in 1963. Obtained an MBA Degree in Corporate Finance & Banking from Golden Gate University, San Francisco in 1988, and a Bachelor’s Degree in Computer Science & Mathematics

from the University of Texas, Austin in

1986.

Started his career working in a boutique investment firm in San Francisco, catering to high net worth individuals, for five years (1992–1998), with his last position being Chief Operation Officer and Marketing Director.

Mendirikan PT Kresna Graha Sekurindo Tbk pada tahun 1999 dan menjabat Direktur Utama hingga saat ini.

Memiliki izin Wakil Manajer Investasi dan Wakil Penjamin Emisi Efek dari Bapepam-LK, sertifikasi Registered Financial Consultant (RFC) dari International Association of Registered Financial Consultants (IARFC) dan Certified Wealth Manager (CWM) dari Certified Wealth Managers’ Association (CWMA).

Founded PT Kresna Graha Sekurindo Tbk in 1999 and has been serving as the Company’s President Director to date.

Is licensed as an Investment Manager Representative and Underwriter Representative by Bapepam-LK, and holds a Registered Financial Certificate (RFC) Certificate from the International Association of Registered Financial Consultants (IARFC) and Certified Wealth Manager (CWM) Certificate from the Certified Wealth Managers’ Association (CWMA).

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Pada Oktober 2012 mengikuti kelas Executive Development Program SchoolofEconomicsandManagement di Tsinghua University, Beijing, China. Juga menjabat Ketua Komite Tetap Pembiayaan dan Kebijakan Kelautan dan Perikanan di Kamar Dagang dan Industri Indonesia (KADIN), sebagai Ketua Bidang Advokasi Go Public di Asosiasi Emiten Indonesia (AEI) serta sebagai Dewan Penasehat di Asosiasi Pengelola Reksa Dana Indonesia (APRDI).

Masa jabatannya sebagai Direktur Utama berlaku hingga 2015.

Participated in the Executive Development Program, School of Economics and Management session at Tsinghua University, Beijing, China in October 2012. Concurrently serves as Head of the Standing Committee for the Marine Affairs and Fisheries Sector Financing at the Indonesian Chamber of Commerce and Industry (KADIN), Head of Advocacy at the Association of Indonesian Publicly- Listed Companies (AEI), and member of the Advisory Council of the Association of Indonesian Fund Managers (APRDI).

His term as President Director extends until 2015.

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suryanDy JahJa

Direktur

Warga Negara Indonesia. Lahir di Kuala Simpang tahun 1970. Memegang gelar Magister di bidang Manajemen Umum dan Teknologi Informasi dan sarjana di bidang Teknik Komputer dan Telekomunikasi.

Sempat bekerja di OGCI International, Houston, Texas sebagai Senior Consultant dan Senior Account Executive (1994-1995) dan di PT Barata Nusatama Prima (1995-1997).

Bergabung dengan Kresna Securities pada tahun 1999 sebagai salah satu pendiri dan Direktur. Saat ini membawahi bidang Keuangan, Corporate Finance dan Equity Capital Market.

suryanDy JahJa

Director

Indonesian citizen. Born in Kuala Simpang in 1970. Obtained a Bachelor’s Degree in Engineering, majoring in Telecommunications and Computer Engineering, and a Master’s Degree in General Management and Information Technology.

Has worked at OGCI International, Houston, Texas, as a Senior Consultant, and later as Senior Account Executive (1994-1995) and subsequently at PT Barata Nusatama Prima (1995-1997).

Joined Kresna Securities in 1999 as one of its founders, concurrently serving as Director. Currently supervises the Finance, Corporate Finance and Equity Capital Market Departments.

Memiliki Izin Wakil Perantara Pedagang Efek, Wakil Penjamin Emisi Efek dan Wakil Manajer Investasi dari Bapepam-LK.

Masa jabatannya sebagai Direktur berlaku hingga 2015.

Holds multiple licenses as Broker/ Dealer Representative, Underwriter Representative and Investment Manager Representative from Bapepam-LK.

His term as Director extends until 2015.

Octavianus buDiyantO Direktur Warga Negara Indonesia. Lahir di Surabaya tahun 1966. Lulus dari Fakultas Ekonomi

Octavianus

buDiyantO

Direktur

Warga Negara Indonesia. Lahir di Surabaya tahun 1966. Lulus dari Fakultas Ekonomi Universitas Kristen Satya Wacana, Salatiga, tahun 1989. Mengikuti training mengenai Capacity Enhancement (AML) pada tahun 2005 dan mengajar pelatihan bagi pelatih dalam bidang Combating the Finance of Terrorism yang disponsori Bank Dunia. Pada tahun 2005 juga mengambil program Micro-Economics of Competitiveness, program kerjasama antara Universitas Indonesia dan Harvard University. Kerap berpartisipasi dalam seminar manajemen dan motivasi serta pelatihan di Indonesia dan Singapura.

Octavianus

buDiyantO

Director

Indonesian citizen. Born in Surabaya in 1966. Graduated from the Faculty of Economics, Satya Wacana Christian University, Salatiga, in 1989. Was trained in Capacity Enhancement (AML) and taught a workshop for trainers in Combating Finance for Terrorism, sponsored by the World Bank in 2005. Also participated in the Micro-Economics of Competitiveness joint program from the University of Indonesia and Harvard University. Has participated in various management and motivational seminars and training sessions in Indonesia and Singapore.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Memegang izin Wakil Perantara Pedagang Efek dan Wakil Manajer Investasi dari Bapepam-LK. Sempat bekerja di PT Trimegah Securities (1999-2008) dan bergabung di Kresna Securities tahun 2009.

Diangkat menjadi Direktur pada 2009 dengan tanggung jawab di bidang Equity Retail. Turut aktif sebagai Anggota Komite Perdagangan PT

Bursa Efek Indonesia sejak Juni 2011 dan sebagai anggota di Asosiasi Perusahaan Efek Indonesia dari tahun

2010.

Is currently licensed as Underwriter Representative and Investment Manager Representative by Bapepam-LK. Has worked for PT Trimegah Securities (1999-2008) and joined Kresna Securities in 2009.

Appointed as Director in 2009 with his main responsibility covering the Equity Retail Department. Has been an active Member of the Commerce Committee of the Indonesia Stock Exchange (IDX) from June 2011, and member at the Association of Indonesian Securities Companies since 2010.

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Dewi Kartini laya

Direktur

Warga Negara Indonesia. Lahir di Jakarta tahun 1978. Meraih gelar Sarjana Ekonomi dari Sekolah Tinggi Ilmu Ekonomi Keuangan dan Perbankan Indonesia.

Telah berkarir di industri sekuritas selama lebih dari 19 tahun. Pernah bekerja di sejumlah perusahaan sekuritas, seperti PT Agung Sekuritas, PT Asjaya Indosurya Sekuritas dan PT Ciptadana Sekuritas.

Dewi Kartini laya

Director

Indonesian citizen. Born in Jakarta in 1978. Graduated with a Bachelor’s Degree in Economics from the Indonesian School of Economic Finance and Banking (STEKPI).

Has more than 19 years of experience in the Indonesian trading/brokerage industry. Has worked at a number of securities companies, including PT Agung Securities, PT Asjaya Indosurya Securities, and PT Ciptadana Securities.

Pada tahun 2001 bergabung dengan Kresna Securities sebagai Manajer, kemudian menjabat posisi VP, SVP dan diangkat menjadi Direktur Perseroan pada tahun 2010. Sebagai direktur, bertanggung jawab atas bidang Equity Institusional.

Memegang izin Wakil Perantara Pedagang Efek dari Bapepam-LK.

Masa jabatannya sebagai Direktur berlaku hingga 2015.

Joined Kresna Securities in 2001 as a Manager, gradually moving upward to VP and SVP level. Appointed as Director in 2010, with her main responsibility covering the Institutional Equity Department.

Holds a Broker/Dealer Representative License from Bapepam-LK.

Her term as Director extends until 2015.

Arjuna’s Fight Arjuna kept fighting Jayadrata’s clones while the real Jayadrata was hiding. Kresna Securities

Arjuna’s Fight

Arjuna kept fighting Jayadrata’s clones while the real Jayadrata was hiding.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

PROFIL PERUSAHAAN Company Profile

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identitas & kegiatan usaha

identity & business

identitas & kegiatan usaha identity & business Juliana Tamsie Penasihat Kehormatan Honorary Advisor “We make a

Juliana Tamsie

Penasihat Kehormatan Honorary Advisor

“We make a living

by what we get, but

we make a life

by what we give”

Winston Churchill

seKilas tentang perserOan

PT Kresna Graha Sekurindo Tbk (“Perseroan”) adalah perusahaan publik yang tercatat di Bursa Efek Indonesia (BEI) dengan kode transaksi KREN. Perseroan didirikan pada tahun 1999 dan memperoleh status hukum dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. 19958.HT.01.01.

th.99.

Akta Pendirian Perseroan diubah dalam rangka Penawaran Umum Perdana Saham kepada masyarakat berdasarkan Akta No. 63 tanggal 22 April 2002 dibuat dihadapan Fathiah Helmi, SH, Notaris di Jakarta dan telah memperoleh persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia berdasarkan Surat Keputusan Nomor C-07468.HT.01.04.th.2002 tanggal 30 April 2002.

cOMpany Overview

PT Kresna Graha Sekurindo Tbk (“Kresna Securities” or “the Company”) is a publicly-traded company listed on the Indonesia Stock Exchange (IDX), under the “KREN” transaction code. Kresna Securities was established in 1999 and obtained its legal status from the Minister of Law and Human Rights of the Republic of Indonesia, under Decree No. 19958.HT.01.01.th.99.

The Deed of Establishment of the Company was amended as a result of the Company’s plan to perform an Initial Public Offering of Shares to the public, based on Deed No. 63, dated 22 April 2002, drawn before Fathiah Helmi, SH, Notary in Jakarta, which attained approval from the Minister of Law and Human Rights of the Republic of Indonesia, through Decree No. C-07468.HT.01.04. th.2002, dated 30 April 2002.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Anggaran Dasar Perseroan telah mengalami beberapa kali perubahan antara lain pada tahun 2011 saat Perseroan melakukan peningkatan modal kembali dalam rangka melakukan Penawaran Umum

Terbatas II (PUT II) dengan Penerbitan Hak Memesan Efek Terlebih Dahulu (HMETD) serta penerbitan Waran Seri II, yang dituangkan dalam Akta Pernyataan Keputusan Rapat Umum Pemegang Saham Luar Biasa Nomor

9 tertanggal

dan telah diterima pemberitahuan perubahan Anggaran Dasar oleh Menteri Hukum dan Hak Asasi

Manusia Republik Indonesia dengan No. AHU-AH.01.10-41735 tanggal

21 Desember 2011.

2

Desember

2011

The Deed of Establishment of the Company has been amended several times, most recently in 2011, when the Company performed an additional capital increase in relation to Rights Issue II (with the issuance of Preemptive Rights) and the issuance of Warrant Series II, as stated in the Deed of the Extraordinary General Meeting of Shareholders No. 9, dated 2 December 2011, with the notice of such amendment to the Company’s Articles of Association received by the Minister of Law and Human Rights of the Republic of Indonesia, No. AHUAH.01.10-41735 dated 21 December 2011.

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Perseroan telah memperoleh izin dari Badan Pengawas Pasar Modal dan Lembaga Keuangan (“Bapepam-LK”, sekarang Otoritas Jasa Keuangan atau OJK) sebagai Penjamin Emisi Efek, Perantara Pedagang Efek dan Manajer Investasi. Perseroan menjadi anggota Bursa Efek Jakarta (sekarang Bursa Efek Indonesia) pada tanggal 28 Juni 2000.

Sehubungan dengan adanya Peraturan Bapepam-LK No. V.A.3 tentang Perizinan Perusahaan Efek yang Melakukan Kegiatan Sebagai Manajer Investasi dan Peraturan Bapepam-LK No. V.D.11 tentang Pedoman Pelaksanaan Fungsi- Fungsi Manajer Investasi pada 15 April 2011 Perseroan membentuk anak perusahaan baru PT Kresna Asset Management, yang kemudian memperoleh izin kegiatan usaha dari Bapepam-LK sebagai Manajer Investasi.

Kresna Securities has obtained

its license from the Capital Market

Supervisory Agency and Financial

Institutions (“Bapepam-LK”, presently known as “Financial Services Authority”, or “OJK”) to function as

a Securities Underwriter, Broker

Dealer, and Investment Manager.

The Company became a member of

the Jakarta Stock Exchange (now the

Indonesia Stock Exchange), on

28 June 2000.

As a result of the enactment of the Bapepam-LK Regulation No. V.A.3 concerning the Licensing of Securities Companies Conducting Business as Investment Managers, and the Regulation No. V.D.11 on

the Guidelines for the Execution of Investment Manager Functions, on

15 April 2011 the Company formed

a new subsidiary, PT Kresna Asset

Management, which subsequently obtained a business license from Bapepam-LK to operate as an Investment Manager.

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Pada tahun 2013, Perseroan mengumumkan rencana pendirian anak perusahaan dengan nama PT Kresna Securities (“Anak Perusahaan”) untuk beroperasi sebagai Perantara Pedagang Efek dan Penjamin Emisi Efek. Kepemilikan PT Kresna Graha Sekurindo Tbk pada Anak Perusahaan adalah 99,99% dan hal tersebut sudah disetujui para Pemegang Saham melalui Rapat Umum Pemegang Saham Luar Biasa tanggal 20 Juni 2013.

Pengalihan kegiatan usaha utama Perseroan kepada Anak Perusahaan tersebut dimaksudkan agar Perseroan dapat aktif melakukan investasi diberbagai lini usaha lainnya yang telah direncanakan oleh manajemen Perseroan.

In 2013 the Company announced the establishment of a new subsidiary, PT Kresna Securities (“the Subsidiary”) to operate as a Broker Dealer and Securities Underwriter. PT Kresna Graha Sekurindo Tbk’s ownership of the Subsidiary is 99.99%, as approved by the Shareholders through the resolution of the Extraordinary General Meeting of Shareholders on 20 June 2013.

The transfer of the Company’s main business to the Subsidiary is aimed at ensuring that the Company will be able to actively invest in various businesses planned by management.

Sementara Anak Perusahaannya dapat fokus untuk lebih berkembang pada kegiatan usahanya. Pengalihan kegiatan usaha utama Perseroan ini berlaku efektif saat Anak Perusahaan telah mendapatkan izin sebagai Perantara Pedagang Efek dan Penjamin Emisi Efek dari OJK.

Perseroan terakhir mengubah

Anggaran Dasarnya pada tahun

2014 yaitu perubahan Modal Dasar

Perseroan yang berasal dari Waran Seri II melalui Penawaran Umum

Terbatas II yang dilakukan pada tahun

2011 lalu. Perubahan Modal Dasar

tersebut telah dituangkan dalam Akta

No. 11 tanggal 7 Oktober 2014 yang pemberitahuannya telah diterima oleh Kementerian Hukum dan Hak Asasi Manusia melalui surat no. AHU-07312.40.21.2014 tertanggal 13 Oktober 2014.

While its Subsidiary focuses on developing its business. This transfer of the main business from the Company to its Subsidiary will be effective as soon as the Subsidiary obtains a license from OJK to operate as a Broker Dealer and Securities Underwriter.

The Company changed its Articles of

Association most recently in 2014, in relation to the change in the Company’s Authorized Capital obtained from Rights Issue II, conducted in 2011. The change in Authorized Capital has been presented in Deed No. 11, dated 7 October 2014, and informed accordingly to the Ministry of Law and Human Rights, as acknowledged by the Ministry’s letter no. AHU- 07312.40.21.2014 dated 13 October

2014.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Nama Perusahaan

 

Company Name

PT Kresna Graha Sekurindo Tbk

Tanggal Pendirian Date of Establishment

10 September 1999

Alamat Kantor Pusat Address of Head Office

PT Kresna Graha Sekurindo Tbk Kresna Tower 6th Floor, 18 Parc Place SCBD Jl. Jend. Sudirman Kav 52-53 Jakarta 12190, Indonesia T: +62 21 2555 7000 F: +62 21 515 5280 W: www.kresnasecurities.com

Modal Dasar

 

Authorized Capital

Rp 106.000.000.000

Modal Ditempatkan dan Disetor Subscribed and Paid In Capital

Rp 91.042.350.500

Kepemilikan*

Ownership*

PT Kresna Prima Invest

25.08%

UBS AG Singapore Non-Treaty

16.05%

Masyarakat/Public 58.87%

Kegiatan Usaha

Sekuritas

Business Sector

Securities

Informasi Pencatatan Saham Share Listing Information

Tercatat di Bursa Efek Indonesia dengan kode saham KREN sejak 28 Juni 2002. Listed on the Indonesia Stock Exchange with the ticker code KREN since 28 June 2002.

*Sumber BAE per 31 Desember 2014 *Source BAE per 31 Desember 2014

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alamat & kantor perusahaan

corporate offices & addresses

Kresna heaDquarters

PT Kresna Graha Sekurindo Tbk Kresna Tower 6th Floor 18 Parc Place SCBD Jl. Jend. Sudirman Kav 52-53 Jakarta 12190, Indonesia

T: +62 21 2555 7000 F: +62 21 515 5280

www.kresnasecurities.com

banDung OFFice

sOlO OFFice

bali OFFice

Paskal Hypersquare Blok A-1 Jl. Pasirkaliki No. 25-27

Jl. Slamet Riyadi No. 49 Kauman Solo 57112

Jl. Cok Agung Tresna Pertokoan Griya Alamanda No. 9

Bandung 40181

Telp

: +62 271 669 597

Renon, Denpasar 80235

Telp

: +62 22 8606 1012

Fax

: +62 271 669 257

Telp

: +62 361 248 883

Fax

: +62 22 8606 1020

Fax

: +62 361 231 725

pantai inDah KapuK OFFice

Ruko Garden House Blok B 18C Pantai Indah Kapuk Jakarta Utara

seMarang OFFice

Jl. Gajahmada No.97 unit 7 Semarang 50134

MaKassar OFFice

Jl. Gunung Latimojong No. 120A Makassar, Sulawesi Selatan

Telp

: 62 21 290 33 401

Telp

: +62 24 7692 8455

Telp

: +62 411 361 5255

Fax

: 62 21 290 33 218

Fax

: +62 24 7692 8460

Fax

: +62 411 361 6780

Malang OFFice

Jl. Merbabu No. 25 Malang 65112

Telp

: +62 341 331 777

Fax

: +62 341 331 717

pOntianaK OFFice

Jl. Teuku Umar Komp. Ruko Pontianak Mall Blok C-26 Pontianak

Telp

: +62 561 760 008

Fax

: +62 561 760 009

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pluit OFFice

bataM OFFice

Mall Pluit Junction, Ruko No. SH-1 Jl. Pluit Raya No. 1 Jakarta 14450

Komp. Mahkota Raya Blok A No.11 Batam Center

Telp

: +62 21 6669 5020

Kota Batam - Kepri

Fax

: +62 21 6669 95019

Telp

: +62 778 748 3346

 

Fax

: +62 778 748 3349

surabaya OFFice

Jl. Sulawesi No.43 Surabaya 60281

Telp

Fax

: 62 31 501 9888 : 62 31 501 0969

MeDan OFFice

Jl. RA Kartini No. 17-A Medan 20152

Telp

: +62 61 452 3700

Fax

: +62 61 452 3600

paciFic place Mall OFFice

Lantai B1 unit B1-20 Jl. Jend. Sudirman Kav 52-53 Jakarta 12190

Telp

: +62 21 5797 3127

visi & misi

vision & mission

visi perserOan

Menjadi penyedia jasa keuangan terkemuka di Indonesia yang menggabungkan keunggulan global dengan pengetahuan lokal.

cOrpOrate visiOn

To be recognized as Indonesia’s leading provider of financial services, fusing global excellence with local knowledge.

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

Misi perserOan

• Mendorong pasar modal sebagai lokomotif pembangunan nasional Indonesia.

• Memelihara budaya kepercayaan, integritas dan keunggulan di pasar modal.

• Menyediakan layanan keuangan

setiap

dan terpadu.

saat

yang

komprehensif

• Mengintegrasikan pasar modal Indonesia dengan pasar global.

cOrpOrate MissiOn

• To drive capital markets, as a locomotive of Indonesia’s national development.

• To champion a culture of trust, integrity, and excellence in capital markets.

• To provide a comprehensive and integrated range of financial services around the clock.

• To integrate the Indonesian market with global markets.

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struktur

organisasi

organiZational

structure

RUPS

General Meeting of Shareholders

DEWAN KOMISARIS

Board of

Commissioners

DEWAN DIREKSI Board of Directors Internal Control/ Corporate Secretary Pengendalian Internal Sekretaris Perusahaan
DEWAN DIREKSI
Board of Directors
Internal Control/
Corporate Secretary
Pengendalian Internal
Sekretaris Perusahaan
Unit Kerja PMN
(KYC)
Perantara Pedagang Efek & Penjamin Emisi Efek
Divisi
Pendapatan Tetap
Compliance &
Risk Management
Operational & Supporting
Division
Underwriter
Fixed Income Division
Division
Dept. Penyelesaian
Dept. IPO/
Transaksi Efek
Penjamin Emisi
Securities Settlement
Compliance Dept.
IPO/Underwriter
Transaction Dept
Unit Kerja Settlement
Settlement
Risk Management Dept.
Unit Kerja
Unit Kerja
Pelayanan Nasabah
Unit Kerja
Contracting
Credit Control
Customer Service
Custodianship
Development Dept.
Suspicious Financial
Transactions Report
Unit Kerja
Pengembangan Cabang
Dept. Penelitian
Branch Development
Legal Dept.
Research Dept.
Unit Kerja
Pengembangan Produk
Product Development
Human Capital
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informasi bagi pemegang saham

information for shareholders

Daftar nama pemegang saham dan persentase kepemilikannya berdasarkan catatan dari BAE (PT Sinartama Gunita) per tanggal 31 Desember 2014 adalah sebagai berikut:

Kresna Securities 2014 Annual Report Laporan Tahunan 2014 Kresna Securities

The following is a list of shareholders and their ownership (in percentage) based on records from the securities administration bureau PT Sinartama Gunita as at 31 December 2014:

Nama/

Jumlah Saham/

Persentase/

Name

Shares

Percentage

PT Kresna Prima Invest

913,375,160

25.08%

UBS AG Singapore Non-Treaty

584,506,240

16.05%

Masyarakat/ Public

2,143,812,620

58.87%

T o t a l

3,641,694,020

100%

Daftar nama pemegang saham dan presentase kepemilikan Komisaris & Direksi, berdasarkan catatan dari BAE (PT Sinartama Gunita) per tanggal 31 Desember 2014 adalah sebagai berikut:

The following is a list of Commissioners and Directors of the Company who own shares of the Company, based on records from the securities administration bureau PT Sinartama Gunita as at 31 December 2014:

Nama/

Jabatan/

Jumlah Saham/

Name

Position

Shares

Ingrid Kusumodjojo

Komisaris Utama/President Commissioner

19,640,000

Michael Steven

Direktur Utama/President Director

32,458,400

Suryandy Jahja

Direktur/Director

33,000,000

Octavianus Budiyanto

Direktur/Director

2,080

Dewi Kartini Laya

Direktur/Director

2,080

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DiagraM KepeMiliKan perserOan

cOrpOrate sharehOlDing structure

PT Kresna Prima Invest UBS AG Singapore Non-Treaty Omnibus Account Masyarakat 25.08% 16.05% 58.87% PT
PT Kresna Prima Invest
UBS AG Singapore Non-Treaty
Omnibus Account
Masyarakat
25.08%
16.05%
58.87%
PT Kresna Graha Sekurindo Tbk
99.9%
99.9%
PT Kresna Asset Management
PT Kresna Securities

KrOnOlOgi pencatatan sahaM

share listing chrOnOlOgy