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Business and Business Portfolio Get Bigger, AP II Implements Integrated Internal Audit

12 Oct 2021

The management of AP II and its subsidiaries sign the Internal Audit Charter as a commitment to create clean and integrity SOEs

Jakarta - PT Angkasa Pura II (Persero) since 2016 has carried out a transformation program which is divided into two periods, namely Transformation 1.0 (2016 - 2020) and Transformation 2.0 (2020 - 2024) with the aim of becoming an Airport Enterprise Leader in the Region.

One of the focuses in each transformation period is to strengthen and expand the business aspects and business portfolio (Business & Portfolio).

"AP II's core business is airport management, and we are strengthening this core business by expanding our business and business portfolio, including through subsidiaries, in order to make the airports we manage continue to improve competitiveness," said Muhammad Awaluddin, President Director of AP II. .

Muhammad Awaluddin added, "The expansion of the business and portfolio through this subsidiary is also an effort to develop innovation to maximize revenue (top line innovation), maximize production equipment (asset maximizing) and save operating costs (cost leadership)."

Subsidiaries whose majority shares are held by AP II and born from the company's transformation program since 2016 are PT Angkasa Pura Kargo with logistics and cargo business fields; PT Angkasa Pura Propertindo with property business including hotel management; PT Angkasa Pura Aviasi in charge of exploring cooperation opportunities.

In 2019, AP II has officially become the controlling shareholder of PT Gapura Angkasa with a share ownership of 46.62%. Other shareholders are PT Garuda Indonesia Tbk (45.62%) and PT Angkasa Pura I (7.76%).

AP II also has its first subsidiary, PT Angkasa Pura Solusi, which since 2021 and has now made a major contribution to the business fields of providing facilities at the airport, parking, human resources and retail.

Integrated internal audit
Muhammad Awaluddin said the subsidiary's contribution to AP II is getting bigger and increasing every year.

"In line with that, efforts are needed to strengthen and maintain good corporate governance (GCG) to ensure integrated control within the AP II Group," explained Muhammad Awaluddin.

Meanwhile, on Monday 11 October 2021, AP II launched the Integrated Internal Audit Work Unit (SKAIT) program and signed the Internal Audit Charter.

"The Integrated Internal Audit Unit Program, which is strengthened by the signing of the Internal Audit Charter, is a form of AP II's commitment to creating clean and integrity SOEs," explained Muhammad Awaluddin.

“AP II's business and portfolio as a group is getting bigger. A corporate governance guideline is needed that is able to overshadow AP II as an integrated business group, so that the operational activities of each group member are always based on openness, accountability, responsibility, independence, professionalism and fairness, "said Muhammad Awaluddin.

SVP of Internal Audit of AP II Retno Dwi Lestari said the implementation of integrated internal audit made communication and consultation of each unit in AP II and subsidiaries that carry out the internal audit function stronger.

"Through the implementation of internal audits, AP II Group in each line of business can ensure continuity and alignment in carrying out internal audit activities (assurane and consulting), audit investigations, provide independent assessments for internal control (internal control), as well as the implementation of risk management (risk management). management). The implementation of this integrated internal audit is a forum for communication and consultation at AP II as the holding company with its subsidiaries," said Retno Dwi Lestari.

Through the Integrated Internal Audit Unit, AP II's business scale can be even greater while still paying attention to good corporate governance so that it can support the target of becoming the largest airport operator company in ASEAN.