TABLE OF CONTENTS
“We Transform Energy to Light Up Life”
1
Vission Mission
2
CNKO in Brief
3
Milestones
4
2013 Highlights
5
CNKO Assets
6
Financial & Shares Highlights
8
Report of the Board of Commissioners
10
Report of the Board of Directors
12
Management Discussion and Analysis
14
Corporate Governance Policy
16
Board of Commissioners
20
Board of Directors
22
Company Organization Structure
24
Annual Report 2013
WE TRANSFORM ENERGY TO LIGHT UP LIFE
Electricity plays a vital role in human life. Today, almost all of daily
activities require electricity. Electricity has become a major source of
energy in every aspect of modern human life.
Inline with the economic growth and higher population level, demand for
electricity will continue to increase as well. As an integrated energy
provider, PT Exploitasi Energi Indonesia Tbk (“CNKO” or “the Company”) has always participated in the government's efforts to meet national energy needs. Our business line is supported by a strong synergy that is integrated from upstream to downstream, ranging from mining, coal infrastructure and logistics, to power plants. In accordance with the Company's vision to become one of the leading integrated energy company in the country, we will continue to invest and develop operational excellence so that we can provide the best quality of service and product for our customer.
We Transform Energy To Light Up Life
Annual Report 2013
1
VISION
MISSION
To become one of Indonesia’s leading integrated energy
To develop operational excellence and provide our customers'
providers by targeting to build and operate an aggregate of
energy needs in an environmentally responsible and
5,000 MW of power generation facilities across the country by
cost-effective manner.
2025 To invest in coal-related energy business which will enhance our competitiveness and maximize our shareholders benefit To manage business through our diverse, innovative and results-oriented team motivated to deliver excellence To full compliance with all applicable laws and regulatory requirements
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Annual Report 2013
CNKO IN BRIEF
PT Exploitasi Energi Indonesia Tbk, formerly known as PT Central Korporindo Internasional Tbk, was founded on September 13, 1999. On November 21, 2001, the Company became a publicly listed company on the Indonesia Stock Exchange (IDX), with a ticker symbol “CNKO”. The Company started the business in coal mining and trading, but later transformed into a strategic investment company specializing in coal based industry and electricity production. Today, CNKO is known as a coal supplier company particularly to PT Perusahaan Listrik Negara (PLN), the state-owned electricity company, and PT Indonesia Power (IP). In addition to having its own concessions and ports, the Company also operates coal-fired steam power plant. To finance its development and expansion initiatives, in January 2013 the Company completed IDR 2.3 trillion rights offering. In effect, CNKO became a fully integrated energy company. Since the beginning, our core strategy for growth has been strengthening the Company for a greater supply-chain integration. We will continue to invest in coal-related energy business which will support and enhance our position in the domestic and global market.
Annual Report 2013
3
MILESTONES
Started its first own coal production from one of its subsidiaries coal mine Completed IDR 2.3 trillion rights offering (Rights Issue II) in January
2013
PLTU Pangkalan Bun, the first 2x7 MW coal-fired steam power plant owned by the Company, completed and began operations in October
2011
Changed its name to PT Exploitasi Energi Indonesia Tbk through the Annual General Meeting of Shareholders (AGMS) held on June 21 Obtained license for Production Operation Mining License (IUPOP) in South Kalimantan
2010
Completed IDR 322 billion rights offering (Rights Issue I) Changed its business activities from coal trading and processing into coal-fired steam power plant business field
2003
Started commercial activities in mining and coal trading business Listed on the Indonesia Stock Exchange (IDX) on November 21, trading as “CNKO”
Incorporated under the name PT Central Korporindo International on September 13
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Annual Report 2013
2001 1999
2013 HIGHLIGHTS
Oversea-Chinese Banking Corporation (OCBC) Singapore acquired 9.8% stake in CNKO
Extraordinary General Received “Best of the Best Awards 2013” from Forbes Indonesia magazine for three 2013 Public Expose
consecutive years
Meeting of Shareholders (EGMS) to replace the Board Members
Desember
November
Oktober
Juli
Agustus
September
Ramadhan Breakfasting with Media
The inauguration of the new office
Media visit to a concession in
in Jalan Panjang, followed by
Central Kalimantan
Ramadhan Breakfasting for CNKO’s Employees and Management.
Started its first own coal production from one of the subsidiaries coal mine
The Annual General Meeting of Shareholders (AGMS) for Fiscal Year 2012
Juni
Mei
April
Januari
Februari
Maret
Completed IDR 2.3 trillion rights
Media visit to CNKO’s Port in Kintap,
offering
South Kalimatan.
Annual Report 2013
5
CNKO ASSETS
PLTU RENGAT
2x7 MW Kec. Rengat, Kab Indragiri Hulu, Riau
PLTU TEMBILAHAN 2x7 MW Kec. Tembilahan, Kab. Indragiri Hilir, Riau
PLTU PANGKALAN BUN
2x7 MW Kec. Arut Selatan, Kab. Kotawaringin Barat, Central Kalimantan
CNKO
Kec. Kintap, Kab. Tanah Laut, South Kalimantan
TDGP
TLS
Kec. Gambut, Kab. Banjar, South Kalimantan
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Annual Report 2013
Kec. Kintap, Kab. Tanah Laut, South Kalimantan
KGB
Kec. Kelumpang Hilir, Kab. Kotabaru, South Kalimantan
CENTRAL KALIMANTAN
SRI : Kec. Mentaya Hulu, Kab. Kotawaringin Timur ABE : Kec. Gunung Timang, Kab. Barito Utara
SOUTH KALIMANTAN
CNKO : Kec. Kintap, Kab. Tanah Laut KGB : Kec. Hampang dan Kelumpar Hulu, Kab. Kotabaru UKB : Kec. Karang Intan, Kab. Banjar DGL : Kec. Batu Ampar, Kab. Tanah Laut
Tug & Barge DGL KGB ABE UKB
Ports
Coal Concessions
: PT Dwi Guna Laksana : PT Korporindo Guna Bara : PT Abe Jaya Perkasa : PT Usaha Kawan Bersama
PLTUin operation
PLTUunder construction
TLS : PT Trans Lintas Segara SRI : PT Sekti Rahayu Indah TDGP : PT Truba Dewata Guna Prasada
LEGEND
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FINANCIAL & SHARES HIGHLIGHTS
FINANCIAL POSITION
2013
2012
2011
2010
4,053,424,682
3,470,836,828
1,036,359,875
570,786,676
In Thousand Rupiah
Current Assets Non Current Assets Total Assets Current Liabilities Non Current Liabilities Equity Total Liability and Equity
2009 248,541,940
1,462,697,654
1,157,377,202
674,329,500
641,952,098
629,927,797
5,516,122,336
4,628,216,030
1,710,689,375
1,212,738,774
878,469,737
1,739,220,938
1,163,028,851
782,234,245
390,959,856
121,896,146
520,049,775
366,275,316
91,388,309
95,204,623
100,725,292
3,256,851,623
3,098,911,863
837,066,821
726,574,295
655,848,299
5,516,122,336
4,628,216,030
1,710,689,375
1,212,738,774
878,469,737
1,643,633,905
1,833,206,548
1,036,506,393
762,186,617
351,513,164
343,364,212
338,494,133
176,353,739
138,267,679
31,138,158
184,777,725
218,114,489
136,174,963
31,186,003
10,553,995
126,012,888
95,579,358
111,901,319
94,378,176
3,915,192
85,315,459
68,231,814
91,466,108
70,725,996
2,752,003
PROFIT & LOSS
In Thousand Rupiah (except for Basic Earnings per Share)
Revenues Gross Profit Income from Operations Income Before Tax Comprehensive Income Attributable to Company’s Owners EBITDA Total Shares Outstanding Basic Earnings per Share
8,956,361,206
238,160,783
8,956,361,206
269,126,736
139,719,365
112,175,308
(21,865,211)
9.53
7.62
21.54
16.65
0.65
20.9
18.5
17.0
18.1
8.8
11.2
11.9
13.1
22.6
3.0
5.2
3.7
8.9
9.3
0.8
1.5
1.5
5.3
5.8
0.3
2.6
2.2
10.9
9.7
0.4
4,246,550
4,246,550
4,246,550
RATIOS
In Percent (except for Current Assets to Current Liabilities)
GROWTH RATIO
Gross Profit Income From Operations Net Income
OPERATING RATIO
Profit to Asset Ratio Profit to Equity Ratio
FINANCIAL RATIO
Current Assets to Current Liabilities (in x) Liability to Asset Noncurrent Liabilities to Equity Liability to Equity
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Annual Report 2013
2.3
3.0
1.3
1.5
2.0
40.9
33.0
51.1
40.1
25.3
16.0
11.8
10.9
13.1
15.4
69.4
49.3
104.4
66.9
33.9
ASSETS
5,516.1
85.3
4,628.2
in Billion Rupiah
91.5
68.3
70.7
1,710.7 1,212.7
2.8
878.5
2009
2010
2011
2012
EBITDA
2013
2013
2012
238.1
in Billion Rupiah
2011
2009
16.65
112.2
9.53
7.62
21.9
2009
0.65
2010
2011
2012
in Billion Rupiah
21.54
269.2
139.7
2010
NET INCOME ATTRIBUTABLE TO OWNERS OF THE COMPANY
2013
2013
2012
2011
2010
BASIC EARNINGS PER SHARE in Rupiah
2009
PT Saibatama Internasional Mandiri 66.8%
Shareholders Composition as of Desember 31, 2013
Public 23.4%
Oversea-Chinese Banking Corp Ltd 9.8%
SHARES INFORMATION
PERIOD
First Quarter Second Quarter Third Quarter Fourth Quarter First Quarter Second Quarter Third Quarter Fourth Quarter
TOP
460
STOCK PRICE LOW
8,956,361,206
200
260
8,956,361,206
335
250
146
109
395
139
485
Number of Shares Outstanding
400 1,344,195,500
245
183
Volume
340
415 330
CLOSE
330
618,056,500
315
409,423,000
8,956,361,206
141
306,084,667
4,246,550,572
310
821,810,000
308,269,000
134
152
419,855,667
215
330 1,329,221,000
2013
8,956,361,206
2012
4,246,550,572 4,246,550,572
4,246,550,572
Annual Report 2013
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REPORT OF THE BOARD OF COMMISSIONERS In 2013 PT Exploitasi Energi Indonesia Tbk (CNKO) was able to demonstrate stable performance amid the global economic uncertainty
Dear Shareholders, Throughout 2013, the Board of Commissioners conducted a variety of efforts as part of the execution of our duties and responsibilities in accordance with the Company’s Articles of Association. Throughout this annual report, we describe the monitoring results on the Company management by the Board of Directors. The Board of Commissioners continued to provide advice to the Board of Directors related to the implementation the operational activities, long-term objectives, and compliance with applicable regulations.
Board of Directors’ Performance Assessment Throughout 2013, the prolonged economic crisis in Europe and the United States led to tightening monetary policy in key markets, especially China and India. Furthermore, a depressed consumption as well as energy demand resulted in global oversupply and a declining price of coal. In the midst of this condition, the completion of the rights issue of IDR 2.3 trillion in early 2013 is considered by the BOC as a major accomplishment by the Company. The acquisition of major stakes of five companies engaged in the mining, infrastructure and logistics of coal was an expansion and development of the Company's four business pillars, strengthening CNKO’s position as a vertically integrated energy producer. With increased scale, scope and diversity of operations, the Company’s portfolio will be able to address the challenges of market depression so as to deliver the best performance. In 2013 CNKO posted a net profit of IDR 85.3 billion, an increase of 25.1%. Meanwhile assets grew by 19.2% to IDR 5,516.1 billion. This achievement demonstrates the Company’s ability to survive in the midst of economic uncertainty. In particular, the Board of Commissioners invites the Board of Directors to continually conduct efforts to increase efficiency across all business lines. This step is necessary for the application of best management practices in all activities of the Company.
Andri Cahyadi Chairman
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Annual Report 2013
View on the Prospect of Business In 2013 the global economic uncertainty contributed in suppressing the demand for coal. However, we believe this decline is only temporary. The prospect of the coal business will remain bright along with the development of the world’s industry and economy as well as a high increase of domestic demand for electricity. The scale and sustainability of coal is able to meet the high energy demand as coal is widely available in Indonesia. The production of coal-powered electricity is expected to grow very rapidly in order to meet the needs of the millions of people with no adequate access to electricity. Looking ahead, CNKO will continue to focus on increasing the supply of coal to PLN and other customers, including pursuing the potential to export. Furthermore, we will also aggressively try to increase revenues from other businesses of the Company, namely in coal infrastructure and logistics as well as in power generation.
Corporate Governance The Board of Commissioners constantly monitors and ensures that the practices of Good Corporate Governance have been effectively and sustainably established. We are proud to announce that in November 2013, Oversea-Chinese Banking Corporation Ltd (OCBC) became a shareholder of the Company. This is a testament of the trust of a world-class institution towards the prospects of our business. We are also proud to receive the award from Forbes Indonesia as included in the "50 Best Companies in 2013" for the third time in a row since 2011. Nevertheless, we are aware there is still room to upgrade the Company's corporate governance practices for the better.
Changes in the Composition of the Board of Commissioners The Board of Commissioners welcomes Mr. Parno Isworo and Mr. Erry Firmansyah who were appointed as Commissioners on the Extraordinary General Meeting of Shareholders (EGMS) on October 4, 2013. At the same time, we accept the resignation of Mr. Kusno Hardjianto as President Commissioner and Mr. Alhilal Hamdi as Independent Commissioner and express our sincere gratitude for their dedication given to the Company.
Appreciation Finally, we express our sincere appreciation to the Board of Directors and all employees for their commitment, hard work and contributions. The Company would also like to thank the shareholders and partners for the trust and support.
Annual Report 2013
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REPORT OF THE BOARD OF DIRECTORS Throughout 2013 we further strengthened our strategic transformation process into a fully integrated energy company, as an effort to create synergy and achieve the Company’s vision
Dear Shareholders, In January 2013, we completed the rights issue of IDR 2.3 trillion as an early step of transformation to create this synergy. The majority of the funds were used for investments in a number of coal concessions, infrastructure (ports) and logistics (tug and barge), now consolidated into the Company. Meanwhile the remaining funds were used for capital expenditures and capacity development within these companies. This transformation changed the Company from just a coal producer into a vertically integrated energy provider, with assets ranging from coal mines, coal infrastructure and logistics, to power plants.
Company Performance in 2013 The world economic condition in 2013 still showed signs of decline, although not as badly as that of the previous year. The world economic slowdown affects the global commodity prices and throughout 2013, coal price references decreased around 5%-10% over the previous year. The excess of coal supply in the global market contributed to the price decline. Domestically, the Indonesian economy grew by 5.7% year on year (yoy), lower than the previous year. Inflation was above the target set by Bank Indonesia, with a rate of 8.4% yoy at end of 2013. This was due to the pressures caused by the uncertainties in the global market. The year 2013 was full of challenges and the Company posted revenue of IDR 1,643.6 billion. The majority of revenue was contributed by coal sales, especially sales to PLN and IP of 884,917 MT. As a result, CNKO posted an increase of 25.1 % in net income to IDR 85.3 billion. To maintain margins, the Company conducted several efficiency measures. On the operational side, we sought to maximize the utilization of our own resources. In addition, we also purchased mechanical, as well as electrical spare parts and fuel delivery with more competitive prices. Cost issues were also a priority of the Company, as we constantly tried to obtain cheaper financing, given that the energy business is a capital intensive business. Meanwhile on the administrative side, several efficiency measures were implemented by minimizing unnecessary business travel and reducing the use of third party services. Henri Setiadi
President Director
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Annual Report 2013
Business Prospects We are sure that the oversupply problem will continue into 2014. However, the Company estimates the price in the second semester of 2013 was at the lowest point and that market prices will show signs of improvement in the second semester of 2014. We are optimistic that the prospects of the coal business remain bright. Fundamentals supporting urbanization and industrialization in China, India and other developing countries will continue to represent the majority of demand growth for coal. In the future, CNKO will focus on efforts to increase coal supply to PLN and other customers. We also hope that the global economic condition will recover and the coal export market improves. In the coal business, we expect the number of the Company’s concessions to increase so as to support the supply of coal to PLN. Not only that, to increase income we will also make consistent efforts to increase contributions from the other businesses of the Company, namely coal infrastructure and logistics as well as power plants. In the infrastructure business, a conveyor belt in one of the Company’s ports is being built. Meanwhile in the logistics business, a number of improvements and additions within the barge fleet are being conducted. In the power generation business, the Company is currently in the middle of the construction of two power plants with a capacity of 2×7 MW in Rengat and Tembilahan, Riau Province. The capacity increase of the Pangkalan Bun power plant of 2x65 MW is still underway as planned.
Corporate Governance The Company is committed to implementing best practices in every aspect of the business. The Board of Directors realizes, as a public company, CNKO cannot achieve the best performance without implementing GCG consistently and referring to international best practices. To that end, we always strive to uphold the principles of good corporate governance, among others transparency and accountability. We also realize that the Company is managing a business with high risk; thus risk management remains a main focus in order to maintain performance. In addition, we are also increasing efforts on Occupational Health, Safety and Environment (HSE) as a commitment to protect employees, preserve the environment and assets, and comply with applicable law. In November 2013 the Oversea-Chinese Banking Corporation Ltd (OCBC) became a shareholder of the Company. This investment reflects both confidence and trust of a world-leading institution on the performance and for the prospects of CNKO. The presence of OCBC as a shareholder will also result in improved standards of GCG implementation in CNKO. It is an honor for the Company to receive an award from the Forbes Indonesia magazine as among the “50 Best Companies in 2013” for the third time in a row since 2011. This recognition motivates us to improve performance and increase transparency. We remain committed to integrating sustainable development into the business processes and implement best practices and high corporate governance standards in our mining activities.
Changes in the Composition of the Board of Directors We warmly welcome the appointment of Mr. Maxi Tjandra Tjoajadi as Vice President Director and Mr. Arifin Wiguna as Director based on the General Meeting of Shareholders in October 4, 2013. The Board of Directors would like to welcome them and expect that the presence of both Directors will enable the Company to further improve. At the same time, we also accept the resignation of Mr. Henry Halomoan Sitanggang who previously served as President Director and express our gratitude for his sincere devotion given to the Company.
Appreciation We would like to thank the Board of Commissioners, the stakeholders and shareholders for their guidance and support. We also extend our gratitude and appreciation to all employees for their hard work in realizing the vision and mission of the Company to continue to be the best in the field.
Annual Report 2013
13
MANAGEMENT DISCUSSION AND ANALYSIS
COMPREHENSIVE INCOME STATEMENTS Business Revenue CNKO posted revenue of IDR 1,643.6 billion at the end of 2013, or 10.3% lower than the previous year’s revenue of IDR 1,833.2 billion. The decrease was caused by the decline of revenues in the Company’s three business lines during the period. First, coal sales decreased by 9.0% to IDR 1,415.8 billion, which was mainly caused by reduced sales volume of approximately 3.6 million MT to 2.5 million MT. Second, ship rentals decreased by 74.1% to IDR 46.9 billion, where most of the fleet was undergoing maintenance throughout 2013. Last, the revenue of Pangkalan Bun power plant decreased by 17.1% to IDR 73.4 billion. Meanwhile the port business line recorded an increase of revenue of more than three times, from IDR 24.6 billion in 2012 to IDR 107.8 billion in 2013. Nevertheless, this increase was primarily a result of the changes in the accounting recording system. The coal business remained the biggest revenue contributor with a contribution of 86.1%, followed by the port business with a contribution of 6.6%, power plant at 4.5% and ship rental at 2.9%. In the future, the Company will seek to increase revenue contributions from the three lines of business other than coal.
Gross Profit Gross profit increased by 1.4% to IDR 343.3 billion in 2013, compared to IDR 338.5 billion in the previous year. This increase was the impact of the reduced cost of revenues in the same period by 13.0% from IDR 1,494.7 billion to IDR 1,300.3 billion. The decrease was primarily sourced from various efficiency measures undertaken in the coal business and ship rental, such as the purchase of fuel and spare parts. The increase in gross profit was also reflected in the increase of gross profit margin moving to 20.9% from 18.5%.
Operating Income Operating income amounted to IDR 184.8 billion in 2013, a decrease of 15.3% compared to the previous year which amounted to IDR 218.1 billion. The decrease was an impact of the 31.7% increase in operating expenses from IDR 120.4 billion, mainly driven by increased salaries and allowances, inline with the Company's growth strategy and increased expert fees, particularly in the context of the rights issue in early 2013. Consequently, the operating margin decreased from 11.9% to 11.2% a year later.
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Annual Report 2013
EBITDA In 2013, the EBITDA decreased by 11.5% to IDR 238.2 billion from IDR 269.1 billion in 2012, in line with the decline in operating income. This position is equivalent to an EBITDA margin of 14.5%, compared to 14.7% in the previous year.
Net Profit Attributable to Owners of the Company At the end of 2013, CNKO recorded net profit attributable to owners of the Company of IDR 85.3 billion, an increase of 25.1% compared to the IDR 68.3 billion in the previous year. This increase was caused by the decrease in other expenses during the same period from IDR 122.5 billion to IDR 58.8 billion. Reduction of other expenses was mainly supported by interest income of IDR 58.3 billion and vessel demurrage revenue of IDR 28.5 billion. Thus, basic earnings per share also increased to IDR 9.5 per share from IDR 7.6 per share.
STATEMENT OF FINANCIAL POSITION Assets In 2013 total assets increased by 19.2% to IDR 5,516.1 billion from IDR 4,628.2 in the previous year. This increase was due to the increase of current assets over the same period by 16.8% to IDR 4,053.4 billion, compared to the amount of IDR 3,470.8 billion in the previous year. This was partly supported by the increase in account receivables of 72.6% to IDR 663.2 billion from IDR 384.2 billion which was derived from the sale of coal to customers other than PLN. The increase in receivables was also caused by advance payment related to the purchase of coal in the amount of IDR 622.2 billion. Noncurrent assets also recorded an increase of 26.4% to IDR 1,462.7 billion from IDR 1,157.4 billion. The increase was primarily driven by the increase in the advance payments for projects, in line with the development progress in the field.
Liabilities Liabilities increased by 47.7% to IDR 2,259.3 billion in 2013, compared to IDR 1,529.3 in 2012. During the same period, current liabilities also increased by 54.8% to IDR 1,800.0 billion from IDR 1,163.0 billion. This increase was primarily due to the increased third-party trade payables and other payables, respectively from IDR 138.2 billion to IDR 496.5 billion and from IDR 23.3 billion to IDR 138.0 billion. Long-term liabilities increased by 25.4% to IDR 459.3 billion from IDR 366.3 billion in the previous year. The increase of other third party payables from IDR 17.9 billion to IDR 121.0 billion became the major cause of the increase.
Equity At the end of 2013, Equity was recorded to be IDR 3,256.9 billion, an increase of 5.1% compared to the position at the end of the previous year, which amounted to IDR 3,098.9 billion.
STATEMENT OF CASH FLOW Cash Flow from Operating Activities The Company recorded cash flow from operating activities of IDR 50.4 billion at the end of 2013, or 55.5% less than the position in 2012, which amounted to IDR 113.4 billion. This was partly due to the reduction in cash receipts from customers from IDR 1,606.2 billion to IDR 1,279.3 billion, the increase of other operating expense payments from IDR 56.9 billion to IDR 230.6 billion and an increase of interest payments and the financial burden from IDR 50.4 billion to IDR 113.4 billion.
Cash Flow from Investing Activities Net cash used for investing activities increased by 161.6% from IDR 815.1 billion to IDR 2,131.9 billion. The increase was mainly due to the presence of short-term investments of IDR 1,348.6 billion from the rights issue proceeds not yet used as well as the purchase of fixed assets at the value of IDR 238.8 billion.
Cash Flow from Funding Activities In 2013 cash generated from funding activities decreased by 8.5% to IDR 2,235.0 billion from IDR 2,443.5 billion in the previous year. The decrease was in line with the increase in short-term and long-term bank debts, respectively from IDR 28.3 billion to IDR 110.0 billion as well as from IDR 52.8 billion and IDR 428.9 billion, respectively.
Annual Report 2013
15
GOOD CORPORATE GOVERNANCE
CORPORATE GOVERNANCE POLICY Overview For CNKO, Good Corporate Governance (GCG) are the principles that maintain the course for all aspect of the Company, from operational, financial up to human resource matters, in order to ensure that that the Company can be accounted for the authority entrusted to them by the shareholders The GCG principles are reflected in the slogan "TARIF" which includes: Transparency, decision making within an open process aligned with any relevant materials regarding the Company's performance. Accountability, implementation, clarity of function, as well as the accountability of corporate governance instruments so that the management of the Company can be run effectively in accordance with the vision and mission. Responsibility, the Company's compliance with the regulations and laws of the government professionally managed without conflict of interest and pressure from other parties. Independency, the management of the business activities carried out in a professional manner without any conflict of interest and pressure from any party, which is not in accordance with applicable laws and the principles of healthy corporate governance. Fairness, justice and equality in fulfilling the rights of the shareholders based on agreements and legislation that have been enforced. The Company continues to implement corporate governance principles within the management of the business on an ongoing basis, as required by regulations. Therefore, the Company made a separation of Management and oversight functions by optimizing the functions, duties and responsibilities of the Board of Commissioners and Directors, supported by an independent audit body. The highest control within the Company's corporate governance is held by the shareholders through the Annual General Meeting of Shareholders (AGMS) that is held at least once a year. The AGMS has rights and responsibilities as specifically outlined in the Company's Articles of Association and in accordance with relevant regulations such as capital market regulations, Bapepam-LK and other regulations.
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Annual Report 2013
The Company makes its best effort to expand its management procedures with best practices and supervision through the Company Secretary. The proper application of the GCG principles is in accordance with the Company's commitment to implement the principles of transparency, accountability, responsibility, independence and fairness. The Company believes this will encourage performance increase that will also provide more value for the shareholders.
CORPORATE GOVERNANCE STRUCTURE The instruments of governance that exist in the Company are referred to the Law of the Republic of Indonesia Number 40 year 2007 on Limited Liability Company: Annual General Meeting of Shareholders (AGMS) Board of Commissioners Director The Board of Commissioners and The Board of Directors have the authority and responsibility that clearly fit their respective responsibilities as mandated by the Articles of Association as well as legislation. In performing its oversight function, the Board of Commissioners received important information from various parties, hold regular meetings with executives and even involved directly in the field to learn insights into the latest developments of the Company. The Board of Commissioners has established the Audit Committee to help them perform their duties and responsibilities. Through this committee, The Board of Commissioners can empower their supervisory functions as well as simplifying the policy formulation process. Throughout 2013, the Audit Committee has been actively providing reports and analysis of the findings and key events to the Board of Commissioners. The Board of Commissioners uses this information to follow and assess the effectiveness of management actions in managing the Company's business, including the assessment of the financial and non-financial matters. Directors have formed supporting work units to oversee and be responsible for the implementation of GCG as well as to serve as partners for the committee. These working units are Company Secretary and Internal Audit, which reports directly to the President Director. The Company ensures that the division of responsibility between the working units managed under the Board of Commissioners as well as Board of Directors has been carried out with carefully with consideration of the risks involved.
17
ANNUAL GENERAL MEETING OF SHAREHOLDERS Shareholders have the full authority and rights to obtain information regarding the Company from the Board of Comissioners or the Board of Directors through the General Meeting of Shareholders (AGMS) as long as relates to the agenda of the meeting and does not conflict with the interest of the Company. Shareholders have the full authority and rights to obtain information regarding the Company from the Board of Commissioners or the Board of Directors through the General Meeting of Shareholders (AGMS) as long as relates to the agenda of the meeting and does not conflict with the interest of the Company. The Company holds an Annual General Meeting of Shareholders (AGMS) once a year and the Extraordinary General Meeting of Shareholders (EGMS) at the request of the management or shareholders. The AGMS is the highest governance of the Company, which has mandate to: Changing the Company’s Articles of Association, To appoint and dismiss the Board of Commissioners and Board of Directors, Decide the division of tasks and responsibilities among the Board of Directors, To annouce dividends , To approve resolution critical of the company, To approve certain matters as stated in the Articles of Association and other regulations, To appoint an independent auditor.
BOARD OF COMMISSIONERS The Board of Commissioners main responsibilities are to supervise the management of the company, which is conducted by the Board of Directors as well as providing advice regarding the strategic policy. The Board of Commissioners continuously monitor the effectiveness of the company's policy, performance and the decision making process by the Board of Directors. The assessment and the opinion of the Board of Commissioners are presented during the AGMS as part of the Board of Directors’ appraisal. Andri Cahyadi Edwin Pamimpin Situmorang Djoko Sumaryono
Parno Isworo
Commissioner
Erry Firmansyah
Commissioner
Independent Commissioner Pudjianto Gondosasmito
Commissioner
Chairman Independent Commissioner
BOARD OF DIRECTORS The Company’s Board of Directors is the structure that is responsible for managing day-to-day activities of the Company to support the performance objectives and strategic direction of the Company, consistent and sustainable. Appointment and removal of Directors through the AGMS. In 2013, the implementation of the main tasks of Directors include: Establish that the Company's strategy, which includes the financial, operational, and marketing policy. Directing the changes needed to meet the challenges of business competition. Responsible for the achievement with the Company’s target. Establish, monitor and make amendments in the management of the Company. Setting up the Company’s organizational structure. President Director
Maxi Tjandra Tjoajadi
Vice President Director
Danar Wihandoyo
Henri Setiadi
Director
Novriaty Hilda Sibuea
Director
Zulfian Mirza
Director
Arifin Wiguna
Director
AUDIT COMMITTEE In performing their duties, the Audit Committee is guided by the Bapepam Regulation No IX.I.5 on the Formation and Guidelines for Audit Committee work. The duties and responsibilities of the Audit Committee are to assist the Board of Commissioners in performing the monitoring role, particularly in relation to the following matters: The integrity and quality of financial reports published, The effectiveness of the audits performed by external and internal auditors, Adequacy of internal control, The implementation of risk management, Compliance with laws and regulations.
18
Annual Report 2013
The Audit Committee consists of an Independent Commissioner who acts as Chairman of the Committee and is supported by an independent party, one of whom, according to prevailing regulation, has expertise in finance and accounting. In 2013, the members of the Audit Committee were as follows:
Edwin Pamimpin Situmorang ― Chair of the Audit Committee (Independent Commissioner) Edwin Pamimpin Situmorang’s profile has been presented in the Board of Commissioner’s profile.
Arydhian Basril Djamin ― Member Arydhian Basril Djamin has been appointed as a member of Audit Committee of PT Exploitasi Energi Indonesia Tbk since 2013. In the early years of his career, he held various positions at the RSM AAJ Associates (a public accountant office), including Senior Auditor (1999–2000), Audit Manager (2004–2005) and Junior Audit Partner (2005–2006). From 2006 up until 2007, he was the Finance Caretaker at PT Balai Pustaka (Persero). Later in 2007 he began his career with PT Bakrie Telecom Tbk and has served as General Manager Special Project Finance since September 2011. Arydhian Basril Djamin acquired his bachelor’s degree (1997) and postgraduate degree (1999) majoring Accounting from the University of Indonesia. He also holds a license as a Public Accountant.
Agustin Ekadjaja ― Member Agustin Ekadjaja has been appointed as the member of Audit Committee of PT Exploitasi Energi Indonesia Tbk since 2013. From 1995 up to 1997 she worked as a Freelancer of Assistant of Finance and Accounting General Manager at PT Sandjaja Graha Sarana. Since 1997 until present she devoted herself into the academic field as lecturer and teach in various universities in Jakarta, such as University of Tarumanegara, Christian University of Krida Wacana and University of Pelita Harapan. Agustin Ekadjaja gained her Bachelor in Economy degree majoring Accountancy from the University of Tarumanegara in 1997 and managed to get her master’s degree majoring Management Accounting from the University of Indonesia in 1999.
CORPORATE SECRETARY The Corporate Secretary is responsible for ensuring timely and appropriate disclosure of Company information to regulatory bodies and others, as well as liaising with capital market regulators on changing regulations and other regulatory matters. The Corporate Secretary is responsible for ensuring regulatory compliance and for advising management in issues of GCG.The Corporate Secretary also maintains the list of shareholders and is responsible for providing current and complete information to shareholders about the Company’s performance, business prospects and Corporate Actions.
Jafar Chan has been appointed as the Corporate Secretary of PT Exploitasi Energi Indonesia Tbk since 2002 to date. INTERNAL AUDIT The Internal Audit reports directly to the President Director, as well as providing information to the Audit Committee. Internal Audit is tasked to provide independent opinions of the implementation of the Company’s internal control systems, especially the financial and risk control systems.
Ivan Kanel has been appointed to provide the Internal Audit service to PT Exploitasi Energi Indonesia Tbk since 2012. Prior to joining the Company, in 2009 he was with SK & Co. as its Managing Partner. In 2008-2009 he worked for Metropolis Group (PT Metropolis Propertindo Utama) as an Accounting Manager and as an Accounting Division Head and Cost Control at PT HD Finance from 2007-2008. In the early years of his career, he worked as a Supervisor of Audit at Siddharta Siddharta & Widjaja (Member of KMPG International) in 2002 up until 2006. Ivan Kanel obtained his Bachelor Degree in Economy majoring Accountancy from the University of Tarumanegara in 2002. He also recieved his Post Graduate Degree in Finance Management from the same university in 2006.
Annual Report 2013
19
BOARD OF COMMISSIONERS
Mr. Cahyadi received his Bachelor of Engineering (BE) Degree from Monash University, Melbourne, Australia, in 1998. He started his career at Holden Motor Company, Australia, from 1997-1998 as Supervisor. As he came back to Indonesia in 1999, he served as an Assistant Director of Operations at PT Dwi Guna Laksana (DGL). In 2003, he was appointed Director of DGL, a position he held until January 2013. From 2000-2012, he served CNKO in various positions including director and president commissioner. He was later replaced by his father, Kusno Hardjianto, effective December 6, 2012. In October 2013, Mr. Cahyadi was reappointed CNKO’s President Commissioner.
Andri Cahyadi Chairman
20
Annual Report 2013
Mr. Situmorang has served as Independent Commissioner of CNKO since October 4, 2013. Prior to this date, he served as commissioner from December 6, 2012. He obtained his bachelor’s degree from the Faculty of Law Padjajaran University in 1997 and a master‘s degree in the same major from Tanjung Pura State University in 2004. In 2001, he served as the Head of the West Borneo High Prosecutor’s Office. He then served as the Head of the South Sumatera High Prosecutor’s Office in 2005. Two years later, Mr. Situmorang was promoted to the post of Secretary of the Junior Attorney General Civil and Administrative at the Republic of Indonesia Attorney General's Office. In 2008, he was then appointed Junior Attorney General Civil and Administrative, before being named Junior Attorney General Intelligence from Mei 2010-October 2012.
Edwin Pamimpin Situmorang Independent Commissioner
Mr. Sumaryono has served as a member of CNKO’s board of commissioners since 2010. Before joining the company, he had served the military for more than 30 years with his latest position as the Laksamana Madya TNI (Purn.) in 2002. In 2002, he was trusted to be the Commander of Fleet Command of Republic Indonesia Western Region (Koarmabar). Two years later, Mr. Sumaryono gained another trust to lead the Indonesia Naval Command and Staff College (Seskoal), the highest education institution in the Indonesian Navy. In the same year, he started his role in the government through his promotion as the Secretary of the Coordinating Minister for Political, Legal and Security. Soon he left this office in 2010, he was trusted to be the Secretary of Retired Navy Generals as part of his abdication to his war fellow and the organization that has raised his name.
Djoko Sumaryono
Independent Commissioner
Mr. Gondosasmito completed his Bachelor of Economy Degree in Management at the Faculty of Economy University of Surabaya in 1993. He was appointed Commissioner of CNKO in 2012 after serving as director from 2008-2012. Started his career as the Marketing Manager of Istana Rama Hotel in Bali in 1996, four years later he was appointed Director at PT Prima Ksatrya Jaya. In 2000 he took the role as President Director of PT Wahyu Karya Adisentosa. Prior to joining the Company, he served Director at PT Akar Ksatrya Wiratama from 2003 to 2008.
Pudjianto Gondosasmito Commissioner
Mr. Isworo joined the Board of Commissioner of EEI effectively October 4, 2013. He recieved his bachelor’s degree in Electro Engineering from the Bandung Institute of Technology in 1977. He later obtained his Master of Business Administration (MBA) from Monash University, Australia, in 2001. In the same year, he also graduated from the postgraduate program from the Indonesian Institute for Management Development (IPMI) in Jakarta, majoring Business Management. Mr. Isworo had worked for more than 30 years at PT Perusahaan Listrik Negara (PLN). In 1977, he started his career as an Engineer in various Hydro and Diesel projects – Diesel & Hydro Power Sub-Directorate, Directorate of Development of PLN. In 1987, he served as the Head of Project Reporting of Development Division of PLN. He reached the top of his career at the state-owned electricity company when he was appointed to be the Financial Director in 1998 up until 2008. After retirement, he is currently active as a consultant at PT Prakarsa Ekatama Advisory and Castlerock Asia Consulting.
Parno Isworo
Commissioner
Mr. Firmansyah was appointed Commissioner of CNKO based on the decision of the Extraordinary Meeting of Shareholders on October 4, 2013. He began his career as an Auditor at Hadi Sutanto Public Accounting Firm which was correspondent of Price Waterhouse Coopers (1982-1984). Since 1990 he began his career in Lippo Group until 1998, with levels ranging from Vice President to Executive Director. In October 1998, he was officiated as President Director of PT Kustodian Sentral Efek Indonesia (Indonesia Central Securities & Depository) until March 2002. In the same year, he held the position of Presiden Director of PT Bursa Efek Jakarta (Jakarta Stock Exchange) until November 2007, and President Director of PT Bursa Efek Indonesia (Indonesia Stock Exchange) from December 2007-June 2009. In addition, he is also currently serving as an Independent Commissioner in some companies including PT Unilever Indonesia Tbk (since 2009), PT Astra International Tbk (since 2010), PT Perusahaan Pengelola Aset (PPA) (since 2009), PT Astra International Tbk (since 2010) and PT Pefindo (Persero) (since 2010). Mr. Firmansyah acquired his degree in Economics from the Faculty of Economy University of Indonesia in 1981.
Erry Firmansyah Commissioner
Annual Report 2013
21
BOARD OF DIRECTORS Mr. Wihandoyo joined CNKO in 2012 as its Chief Financial Officer. He received his Bachelor of Business Administration (BBA) in Finance (1991-1995) and Master of Business Administration (MBA) in Finance and Operations Management (1995-1996), both from the University of Toledo, USA, in 2006. He began his career at PT Merrill Lynch Indonesia from 1996-1998 and later served as an Assistant Manager at PT Bakrie Securities from 1998-2000. From April 1999–July 2007, he served in various positions at AAJ Consulting (member of RSM International), including manager, senior manager and associate director. He was in the investment banking and financial sector for more than 11 years, before moving into the corporate sector in 2007. Prior to joining the Company, he was with PT Bakrie Telecom Tbk from 2007-2010 as its Vice President of Finance and then Executive
Mr. Setiadi was appointed President Director of CNKO in October 2013. Inaugurated at age 33, he is the youngest of the six board members. He acquired his degree in Engineering from the Faculty of Engineering Tarumanegara University in 2003. Before becoming the company’s helm, he was the vice president director, serving from December 2012 to October 2013. Currently, he has also been a member of the board of commissioner of PT Multi Guna Laksana (MGL), one of CNKO’s sister companies. Prior to joining the Company, Mr. Setiadi was the Operational Manager of PT Central Korporindo Internasional Tbk from 2004-2005, Director of PT Sinar Surya Jorong from 2005-2008 and later appointed President Director from 2008-2009. From 2011-2012, He was a
Graduated from Bond University, Gold Coast, Australia, with a postgraduate degree in Business Law (1989), Mrs. Sibuea has been CNKO’s Director of Compliance & Legal Affairs since 2012. Previously, from 1989-2005 she held various positions in corporate banking sector, including positions in asset management and credit collection, at PT Lippo Bank Tbk. From 2005-2010, she served as Director of Compliance & Legal Affairs in various companies including PT Pronasindo Galamestika, PT Canning Indonesian Products and PT Bahtera Wiraniaga Internusa. She was also served as Commissioner at PT Circleka Indonesia Utama. She then joined PT Dwi Guna Laksana and PT Trans Lintas Segara in 2010, both as Director of Compliance & Legal Affairs.
member of PT Dwi Guna Laksana’s (DGL) board of commissioners.
Vice President Finance from 2010-2012.
Novriaty Hilda Sibuea
Director
Henri Setiadi
President Director
Danar Wihandoyo Director
22
Annual Report 2013
Mr. Wiguna has been a director of the Company since October 2013. Graduated from Academy of Insurance Trisakti, Jakarta, in 1989, he later earned his Certificate in International Business and Professional Program in Direct Marketing from the University of San Diego, California, USA, in 1993. He began his career at Indika Group in 1997 and served in various roles within the group, including Vice President of Indika Group, Deputy Managing Director of Indika Multimedia Division and President Director of Indika Telemedia. Later followed by directorship positions at PT Truba Alam Manunggal Engineering Tbk from 2006-2008. From July 2009-November 2010, he served as President Director at PT Benakat Petroleum Energy Tbk. He is currently the Chairman of PT Trisurya Lintas Energi.
Mr. Mirza has served as a member of CNKO’s board of directors since December 2012. He has also been a member of the board of commissioners of PT Saibatama Internasional Mandiri, CNKO’s holding company, since 2009. He started his career in 1997 as an Operational Manager at PT Hanin Priandra Nusa and has since held various management positions in mining operations with PT Nusa Baraga Tata from 2000-2002 and PT Bakrie Niagatama from
Mr. Tjoajadi was appointed Vice President Director in October 4, 2013. From 2010-2012 he was the Company’s President Commissioner. Prior to joining CNKO, he was with PT Bank Internasional Indonesia Tbk (BII) as its Commercial Group Head. He acquired his bachelor’s degree in Marine Science from the Faculty of Marine Science and Fishery Hasanuddin University, Makassar, in 1993.
2002-2003. In 2006, he joined one of CNKO's coal-mining subsidiaries, PT Dwi Guna Laksana, as branch manager, before appointed president director in January 2013. From 2008-2011, he served director at PT Trans Lintas Segara, a private company in logistics which has a long experience in coal barging and transshipment. Mr. Mirza received his bachelor’s degree in Mining Engineering from the Bandung Institute of Technology in 1997.
Arifin Wiguna
Director
Zulfian Mirza Director
Maxi Tjandra Tjoajadi
Vice President Director
Annual Report 2013
23
COMPANY ORGANIZATION STRUCTURE BOARD OF COMMISSIONERS PRESIDENT DIRECTOR CORP. SECRETARY VICE PRESIDENT DIRECTOR
BUSINESS & DEVELOPMENT DIRECTOR
OPERATION DIRECTOR
FINANCE DIRECTOR
COMPLIANCE & LEGAL AFFAIRS DIRECTOR
COMPOSITION OF EMPLOYEES 3,6%
36%
13,9%
26,7%
55,7%
Based on Education
50,2%
Based on Age
10,4% 3,3% SD - SMA S1 S1 S2
24
Annual Report 2013
17 - 30
31 - 45 46 - 55 above 56
ANNUAL REPORT RESPONSIBILITIES This Annual Report, the following financial statements and other related information, are the responsibility of management Energy Exploitation Indonesia Tbk PT (CNKO) and has been approved by the Board of Commissioners and Board of Directors, whose signature appear below:
BOARD OF COMMISSIONER
Andri Cahyadi Chairman
Edwin Pamimpin Situmorang
Djoko Sumaryono
Independent Commissioner
Parno Isworo
Commissioner
Independent Commissioner
Erry Firmansyah Commissioner
Pudjianto Gondosasmito Commissioner
BOARD OF DIRECTOR
Henri Setiadi
President Director
Maxi Tjandra Tjoajadi
Danar Wihandoyo
Vice President Director
Novriaty Hilda Sibuea Director
Director
Zulfian Mirza Director
Arifin Wiguna Director
Annual Report 2013
25
Halaman Laporan Keuangan PT Exploitasi Energi Indonesia Tbk 2013
Gideon Adi & Rekan Registered Public Accountants
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA / PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN / CONSOLIDATED FINANCIAL STATEMENTS UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2013 / FOR THE YEAR ENDED DECEMBER 31, 2013 Dengan Angka Perbandingan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2012 / With Comparative Figures For The Year Ended December 31, 2012 DAN / AND Laporan Auditor Independen / INDEPENDENT AUDITORS’ REPORT
Laporan Keuangan Dengan Laporan Auditor Independen
Financial Statements With Independent Auditors’ Report
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES
Untuk Tahun Yang Berakhir pada tanggal 31 Desember 2013
For The Year Ended December 31, 2013
Halaman /Page
LAPORAN KEUANGAN
FINANCIAL STATEMENTS
1.
Laporan Posisi Keuangan Konsolidasian
1
2.
Laporan Laba Konsolidasian
3
3.
Rugi
Komprehensif
Laporan Perubahan Konsolidasian
4.
Laporan Arus Kas
5.
Catatan atas Konsolidasian
Ekuitas
Consolidated Statements of Financial Position
2.
Consolidated Statements Comprehensive Income
3.
Consolidated Statements of Changes in Equity
4.
Statements of Cash Flows
5.
Notes to The Consolidated Financial Statements
4 5
Laporan
1.
Keuangan 6
of
SUMT PERNYATMN DIREKSI TENTANG TANGGUNGJAWABATAS LAPOMN KEUANGANKONSOLIDASIAN UNTUKTAHUN-TAHUNYANGBERAKHIR 2013DAN2012 31 DESEMBER PT EXPLOITASIENERGIINDONESIATbk dan Anak Perusahaan
PT EXPLOITASIEilERGl INDONESIATbk and its Subsidiaries We, the undersigned:
Kamiyang bertandatangandi bawahini:
HENRISETIADI Wisma Metropolitanl, 16bFloor Jl. Jend.SudirmanKav.29-31, Jakatla12920 Permaill RayVll No.28 KomplekBunyamin Banjarmasin
1. Nama/Name Alamat Kanior/Otfce address AlamatDomisili/sesuaiKTPatau Kartuidentitaslain/Resldertia, Address/in ac@d ance with Personal ldentity Card e number NomorTeleDon/Ielephon JabalanlTitle 2.
DIRECTORS'STATEMENT ON THERESPONSIBILIry FOR THE CONSOLIDATED FINANCIALSTATEMENTS FORTHE YEARSENDED D E C E M B E3R1 ,2 0 1 3A N D2 0 1 2
\62-21) 2510603 Presiden Direktur/President Director DANARWIHANDOYO Wisma Melropolitanl, 16sFloor Kav.29-31,Jakarta12920 Jl. Jend.Sudirman Jl. NiagaHijaulV No. 35 Jakarla
NamalName Alamat Kantor/Oific€address KTPatau AlamatDomisili/sesuai Kartuidentitaslain/Residenf,a/ Address/in accardance with Personalldentity Cad NomorTelepon/Ielephonenumber JabalanlTitle
(62-21)2510603 Dircktur I Director
'L
Bertanggungjawab atas penyusunandan penyajian laporan keuangankonsolidasianPerusahaan dan Anak Perusahaanuntuk tahun-tahunyang berakhir 2013dan2012. 31 Desember
1. We are responsible for the preparation and presentation of the Company's and its Subsidiaries'consolidatedfinancial statemenls for the the yearsended December3'l, 2013 and 2012.
2.
LaporankeuangankonsolidasianPerusahaan dan Anak Perusahaan tersebut telah disusun dan disajikan sesuai dengan Standar Akuntansi di lndonesia. Keuangan
2. The Company's and iis Subsidiaries' consolidatedflnancial statements have been prepared and presented in accordance with IndonesianFinancialAccountingStandards.
3.
a.
b.
4.
Semua informasi dalam laporan keuangan dan Anak konsolidasian Perusahaan Perusahaan tecebut telah dimuat secara lengkapdan benar,dan Laporan keuangan konsolidasianPerusahaan dan Anak Perusahaan tersebut tidak mengandunginformasiatau fakta materialyang tidak benar,dan tidak menghilangkaninformasi atau fakta material.
Bertanggungjawab atas sistem pengendalianintem dalamPerusahaandan Anak Perusahaan.
Demikianpernyataanini dibuatdengansebenamya.
3. a. All informationhas been fully and conectly disclosed in the Company's and its Subsidiaries' consolidated financial statemenls,and b. The Company's and its Subsidiaries' consolidatedfinancial stalements do not containmateriallymisleadinginformationor facts,and do not concealany informationor facts. 4.
We are responsiblefor the Company'sand its Subsidiaries'intemalcontrolsystem.
This statementhas beenmadetruthfully.
25 Matet2ll+lMarch 25, 2014
oAcF08899060f
residen Direktur/PresidenfDteclor \ 1-'\\ SNERGI' www.energigroupindonesia.com
DANARWIHANDOYO Oircklu Dircctor -';.'
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Head Office : 16'hFloor, Wisma MetropolitanI Jl. Jend. Sudirman Kav. 29-31 Jakafta 12920Indonesia Ph. +62 21 251 0603.522 4403 Fax. +62 21 251 0605,522 4404,57O5930
PT EXPLOITASI ENERGI INDONESIA Tbk Dan Entitas Anaknya Laporan Posisi Keuangan Konsolidasian 31 Desember 2013 (Dengan Angka Perbandingan 31 Desember 2012) (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)
Catatan/ Notes
(0)
-
31 Desember 2013/ December 31, 2013
31 Desember 2012*)/ December 31, 2012*)
PT EXPLOITASI ENERGI INDONESIA Tbk And Its Subsidiaries Consolidated Statements of Financial Position 0 December 31, 2013 (With Comparative Figures December 31, 2012) (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 1 Januari 2012/ 31 Desember 2011*)/ January 1, 2012 December 31, 2011*)
ASET ASET LANCAR Kas Investasi jangka pendek Piutang usaha - Bersih setelah dikurangi cadangan kerugian penurunan nilai sebesar Rp 4.187.589, Rp 1.355.027 dan Rp 1.355.027 masing-masing pada tanggal 31 Desember 2013 dan 2012 Pihak berelasi Pihak ketiga Piutang lain-lain Persediaan - setelah dikurangi cadangan persediaan usang dan kerugian penurunan nilai sebesar Rp 8.178.746, Rp 11.225.605 dan 11.225.605 masing-masing pada tanggal 31 Desember 2013 dan 2012 Pajak dibayar di muka Biaya dibayar di muka dan uang muka
ASSETS
2d,2f,5,19 6
2e,7 2h,3,7
180,793,974 1,348,621,985
1,786,217,793 3,156,985
663,225,302 106,910,531
384,168,939 24,770,345
27,228,598 -
CURRENT ASSETS Cash Short-term investment
48,784 213,022,268 -
Trade acccounts receivable net of allowance for doubtful accounts of Rp 4.187.589, Rp 1,355,027 and 1,355,027 as of December 31, 2013 and 2012, respectively Related party Third parties Other accounts receivable
831,187,596 14,352,418 908,332,876
902,172,595 6,073,014 364,279,156
550,054,673 4,197,491 11,535,730
Inventories - net of allowance for obsolescence and decline in value of Rp 8,178,746, Rp 11,225,605 dan 11,225,605 as of December 31, 2013 and 2012, respectively Prepaid Tax Prepaid expenses and advanced payments
4,053,424,682
3,470,838,827
806,087,544
Total Current Assets
288,397,517
188,332,130
188,332,130
1,047,551,358
862,145,365
449,317,182
58,907,005
58,398,993
12,772,265
6,472,068 61,369,706
4,284,203 44,216,512
5,149,167 41,841,530
Jumlah Aset Tidak Lancar
1,462,697,654
1,157,377,203
697,412,274
JUMLAH ASET
5,516,122,336
4,628,216,030
1,503,499,818
2i,3, 8 2j,9
Jumlah Aset Lancar ASET TIDAK LANCAR Uang muka proyek Aset tetap - setelah dikurangi akumulasi penyusutan sebesar Rp 255.063.140; Rp 201.680.082 dan Rp 82.687.620 masing-masing pada tanggal 31 Desember 2013 dan 2012 Biaya eksplorasi yang ditangguhkan - setelah dikurangi akumulasi amortisasi sebesar Rp 1.644.551, 892.533, and 127.735 masing-masing pada tanggal 31 Desember 2013 and 2012 Aset pajak tangguhan Aset lain-lain
10
2k,2n,11
2k,2l,3,12 2q,28
NON-CURRENT ASSETS Project advances Property and equipment - net of accumulated depreciation of Rp 255.063.140; Rp 201.680.082 , and Rp 82,687,620 as of December 31, 2013 and 2012, respectively Deferred exploration costs - net of accumulated amortization of Rp 1,644,551; 892.533, and 127,735 as of December 31, 2013 and 2012, respectively Deferred tax assets Other assets Total Non-current Assets TOTAL ASSETS
5,516,122,338 *) Disajikan kembali (Catatan 33)
Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan.
*) Restated (Note 33)
See accompanying notes to consolidated financial statements which are an integral part of the financial statements.
-1-
PT EXPLOITASI ENERGI INDONESIA Tbk Dan Entitas Anaknya Laporan Posisi Keuangan Konsolidasian 31 Desember 2013 (Dengan Angka Perbandingan 31 Desember 2012) (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)
Catatan/ Notes
PT EXPLOITASI ENERGI INDONESIA Tbk And Its Subsidiaries Consolidated Statements of Financial Position December 31, 2013 (With Comparative Figures December 31, 2012) (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
31 Desember 2013/ December 31, 2013
31 Desember 2012*)/ December 31, 2012*)
1 Januari 2012/ 31 Desember 2011*)/ January 1, 2012 December 31, 2011*)
LIABILITAS DAN EKUITAS LIABILITAS JANGKA PENDEK Utang bank jangka pendek Utang usaha Pihak berelasi Pihak ketiga Utang lain-lain Beban akrual Uang muka pelanggan Utang pajak Bagian utang jangka panjang yang akan jatuh tempo dalam waktu satu tahun Bank Sewa pembiayaan
LIABILITIES AND EQUITY
2h,14
970,275,629
844,359,082
290,638,655
2e,3 2h,15 2h,16 2h,3 2o,17 2q,18
496,542,400 138,037,705 5,535,081 49,715,714 74,379,115
138,180,586 23,285,575 2,027,854 57,379,530 44,169,286
95,297,530 57,646,086 18,514,344 822,235 634,334 15,228,559
CURRENT LIABILITIES Short-term bank loans Trade accounts payable Related party Third parties Other payables Accrued expenses Advances from customers Taxes payable
2h,3,14
64,768,284 734,693
52,297,057 1,329,882
15,699,000 -
Current portion of long-term loans Bank Finance Leases
1,799,988,621
1,163,028,852
494,480,743
Jumlah Liabilitas Jangka Pendek LIABILITAS JANGKA PANJANG Utang jangka panjang - setelah dikurangi bagian yang akan jatuh tempo dalam waktu satu tahun Bank Sewa pembiayaan Utang pihak berelasi non-usaha Utang lain-lain pihak ketiga Kewajiban pajak tangguhan Liabilitas imbalan kerja jangka panjang Cadangan biaya reklamasi
NON-CURRENT LIABILITIES
2h,14 2e,2h 2q,28 2p,27 3
Jumlah Liabilitas Jangka Panjang Jumlah Liabilitas EKUITAS Modal saham - nilai nominal Rp 2.000 per saham Seri A (Rupiah penuh) dan Rp 100 per saham Seri B (Rupiah penuh) Modal dasar - 300.000.000 saham Seri A dan 38.286.202.300 saham Seri B Modal ditempatkan dan disetor 115.000.000 saham Seri A dan 8,841,361,206; 4,131,553,140 dan 4,131,550,572 saham Seri B masing-masing pada tanggal 31 Desember 2013 dan 2012 Modal proforma yang timbul dari transaksi restrukturisasi entitas sepengendali Tambahan modal disetor Saldo laba Telah ditentukan penggunaannya Belum ditentukan penggunaannya
164,387,399 198,713 142,690,541 120,961,070 2,288,139 13,100,504 15,655,727
179,959,107 198,713 147,227,307 17,904,488 2,288,137 8,572,611 10,124,952
68,434,734 11,451,854 4,960,704 5,530,776
459,282,093
366,275,315
90,378,068
2,259,270,714
1,529,304,167
584,858,811
20
230,000,000
230,000,000
230,000,000
20
884,136,121
413,155,057
413,155,057
1,258,015,379 142,054,887 211,215,226
470,981,064 1,207,780,785 263,823,698
4,000,000 271,485,950
2,725,421,613
2,585,740,604
918,641,007
531,430,009
513,171,259
-
Jumlah Ekuitas
3,256,851,622
3,098,911,863
918,641,007
JUMLAH LIABILITAS DAN EKUITAS
5,516,122,336
4,628,216,030
1,503,499,818
7,172,362 7,172,362
157,939,759
Jumlah Kepentingan non-pengendali
Total Current Liabilities
21
*) Disajikan kembali (Catatan 33)
Long-term loans - net of current portion Bank Finance Leases Due to a related party non-operation Other payables third party Deferred tax liabilities Long-term employee benefits liability Reclamation cost reserve Total Non-current Liabilities Total Liabilities EQUITY Capital stock - Rp 2,000 par value per Series A share (full amount of Rupiah) and Rp 100 par value per Series B share (full amount of Rupiah) Authorized - 300,000,000 Series A shares and 38,286,202,300 Series B shares Issued and paid-up 115,000,000 Series A shares and 8,841,361,206; 4,131,553,140 and 4,131,550,572 Series B shares as of December 31,2013 and 2012 , respectively Proforma equity arising from restructuring transactions between entities under common control Additional paid-in capital Retained earnings Appropriate Unappropriate Total Equity Non-controlling interests Total Equity TOTAL LIABILITIES AND EQUITY
*) Restated (Note 33)
Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan.
See accompanying notes to consolidated financial statements which are an integral part of the financial statements.
-2-
PT EXPLOITASI ENERGI INDONESIA Tbk Dan Entitas Anaknya Laporan Laba Rugi Komprehensif Konsolidasian Untuk Tahun yang Berakhir 31 Desember 2013 (Dengan Angka Perbandingan untuk Tahun yang Berakhir 31 Desember 2012) (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)
PT EXPLOITASI ENERGI INDONESIA Tbk And Subsidiaries Consolidated Statements of Comprehensive Income For the Years Ended December 31, 2013 (With Comparative Figure for Year Ended December 31, 2012) (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) Catatan/ Notes
2013
2012
PENDAPATAN USAHA
2o,23
1,643,633,905
1,833,206,548
REVENUES
BEBAN POKOK PENDAPATAN
2o,24
1,300,269,693
1,494,712,415
COST OF REVENUES
343,364,212
338,494,133
GROSS PROFIT
158,586,487
120,379,644
OPERATING EXPENSES
184,777,725
218,114,489
INCOME FROM OPERATIONS
(58,764,837)
(122,535,131)
126,012,888
95,579,358
(24,626,543) 2,187,865
(24,173,965) (3,153,103)
(22,438,678)
(27,327,068)
103,574,210
68,252,290
LABA KOTOR BEBAN USAHA
2n,2p,25
LABA USAHA BEBAN LAIN-LAIN - BERSIH
2n,26
LABA SEBELUM PAJAK BEBAN (PENGHASILAN) PAJAK Kini Tangguhan
2q,28
LABA BERSIH KOMPREHENSIF Laba neto/laba komprehensif yang dapat diatribusikan kepada: Pemilik perusahaan Kepentingan non-pengendali
LABA PER SAHAM DASAR (dalam Rupiah penuh)
2r,30
*) Disajikan kembali (Catatan 34)
85,315,459 18,258,751 103,574,210
68,231,814 20,476 68,252,290
9.53
7.62
OTHER EXPENSES - NET INCOME BEFORE TAX TAX EXPENSE (BENEFIT) Current Deferred
COMPREHENSIVE NET INCOME Net income/comprehensive income attributable to: Owners of the Company Non-controlling interest
BASIC EARNINGS PER SHARE (in full amount of Rupiah) *) Restated (Note 34)
Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan.
See accompanying notes to consolidated financial statements which are an integral part of the financial statements.
-3-
PT EXPLOITASI ENERGI INDONESIA Tbk Dan Entitas Anaknya Laporan Perubahan Ekuitas Konsolidasian Untuk tahun yang Berakhir 31 Desember 2013 (Dengan Angka Perbandingan untuk Tahun yang Berakhir 31 Desember 2012) (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)
PT EXPLOITASI ENERGI INDONESIA Tbk And Subsidiaries Consolidated Statements of Changes in Equity For the Years Ended December 31, 2013 (With Comparative Figure for Year Ended December 31, 2012) (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ekuitas yang Dapat Diatribusikan kepada Pemilik Perusahaan/Equity Attributable to Owners of the Company
Catatan/ Notes Saldo pada tanggal 1 Januari 2012 Tambahan modal disetor
Tambahan Modal Disetor/ Additional Paid-in Capital
Modal Saham/Capital Stock Seri A/Series A Seri B/Series B
Proforma Ekuitas dari Transaksi restrukturisasi Entitas Sepengendali/ Proforma Capital Arising from Restructuring Transaction of Entities Under Common Control
Selisih Nilai Transaksi Entitas Sepengendali/ Difference in Value Arising of Transaction Among Entities Under Common Control
Saldo Laba/Retained Earnings Telah ditentukan penggunaannya/ Appropriate
230,000,000
413,155,057
4,000,000
-
-
-
-
1,829,018,936
470,981,064
-
Proforma ekuitas dari transaksi restrukturisasi entitas sepengendali
-
-
-
-
Dampak terhadap non-pengendali atas penambahan investasi pada anak perusahaan
-
-
-
-
-
(625,238,151)
Proforma non-pengendali
-
-
-
-
-
-
-
-
-
-
230,000,000
413,155,057
1,833,018,936
470,981,064
(625,238,151)
(1,096,888,911)
Jumlah Ekuitas/ Total Equity
271,485,950
918,641,007
-
918,641,007
-
2,300,000,000
-
2,300,000,000
-
(7,662,252) -
Kepentingan Non-pengendali/ Non-Controlling Interests
Jumlah/ Total
-
Laba komprehensif Saldo pada tanggal 1 Januari 2013
Belum ditentukan penggunaannya/ Unappropriate
263,823,698
(625,238,151)
-
(625,238,151)
-
-
-
-
513,171,259
513,171,259
(7,662,252) 2,585,740,604
513,171,259
3,098,911,863
Tambahan modal disetor
-
-
50,904,290
-
-
(1,045,984,621)
Penambahan saham baru
-
470,981,064
-
-
625,238,151
-
1,096,219,215
1,096,219,215
Penambahan investasi pada anak perusahaan
-
-
-
-
-
-
-
-
Dampak terhadap non pengendali atas penambahan investasi pada anak perusahaan
-
-
-
-
-
-
-
-
Laba komprehensif Telah ditentukan penggunaannya Belum ditentukan penggunaannya
-
-
-
-
-
142,054,887 -
85,315,459
Saldo pada tanggal 31 Desember 2013
230,000,000
884,136,121
1,883,923,226
-
142,054,887
211,215,226
-
Kepentingan non-pengendali
(137,923,931)
(625,907,847)
Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak terpisahkan dari laporan keuangan.
(137,923,931)
-
(7,662,252)
-
(1,045,984,621)
(137,923,931)
142,054,887 85,315,459
18,258,751
142,054,887 103,574,210
2,725,421,613
531,430,010
3,256,851,623
Balance as of January 1, 2012 Additional paid-up capital Proforma capital arising from restructuring transaction among entities under commoncomtrol Impact on non-controlling interest of the Company additional investment in a subsidiaries
Proforma non-controlling interest Total comprehensive income Balance as of January 1, 2013 Additional paid-up capital Rights issue
Impact on non-controlling interest of the Company additional investment in a subsidiaries
Non-controlling interest Total comprehensive income
Balance as of Desember 31, 2014
See accompanying notes to consolidated financial statements which are an integral part of the financial statements.
-4-
PT EXPLOITASI ENERGI INDONESIA Tbk
PT EXPLOITASI ENERGI INDONESIA Tbk
Dan Entitas Anaknya
And Subsidiaries
Laporan Arus Kas Untuk tahun yang Berakhir 31 Desember 2013
Statements of Cash Flows For the Years Ended December 31, 2013 (With Comparative Figure for Year
(Dengan Angka Perbandingan untuk Tahun yang
Ended December 31, 2012)
Berakhir 31 Desember 2012)
(Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
(Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)
2013
2012*)
ARUS KAS DARI AKTIVITAS OPERASI Penerimaan kas dari pelanggan
CASH FLOWS FROM OPERATING ACTIVITIES 1,279,266,857
1,606,206,548
Cash received from customers
Pembayaran kepada pemasok
(794,912,117)
(1,354,577,748)
Pembayaran kepada karyawan
(44,642,904)
(10,509,000)
Cash paid to suppliers Cash paid to employees
(230,627,464)
(56,888,282)
Payments of other operating expenses - net
(8,279,404)
(12,347,051)
Payment of income taxes
(150,362,672)
(58,465,405)
Payment of interest and financial charges
50,442,296
113,419,062
Net Cash Used in Operating Activities
58,325,759
923,530
Pembayaran beban operasional lainnya - bersih Pembayaran pajak penghasilan Pembayaran bunga dan beban keuangan Kas Bersih Digunakan untuk Aktivitas Operasi ARUS KAS DARI AKTIVITAS INVESTASI Penerimaan bunga
CASH FLOWS FROM INVESTING ACTIVITIES Interest received
Perolehan aset tetap
(238,789,049)
(25,318,781)
Acquisition of property and equipment
Pembayaran uang muka proyek
(100,065,387)
(17,772,564)
Advanced payment for project
Akuisisi Entitas anak - bersih
(352,728,113)
(749,822,585)
Acquisition of Subsidiaries - net
Deposito berjangka
(150,000,000)
(20,000,000)
Investasi jangka pendek
(1,348,621,985)
(3,156,985)
Kas Bersih Digunakan untuk Aktivitas Investasi
(2,131,878,775)
(815,147,385)
ARUS KAS DARI AKTIVITAS PENDANAAN
Time deposits Short-term investment Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan utang bank jangka pendek
352,452,481
202,390,458
Proceeds from short-term bank loans
Penerimaan utang bank jangka panjang
125,916,547
16,353,520
Proceeds from long-term bank loans
Pembayaran utang pihak berelasi non-usaha Penerbitan saham dari penawaran umum terbatas Pembayaran untuk aksi korporasi
(4,536,766) 2,354,904,033
5,847,640 2,354,904,033
Proceeds from due to a related party non-operation Proceeds from issuance of shares of stock
(54,904,033)
(54,904,033)
Payment for emission cost
Pembayaran utang bank jangka panjang
(109,953,978)
(28,271,790)
Payment of long-term bank loans
Pembayaran utang bank jangka pendek
(428,876,429)
(52,816,527)
Payment of short-term bank loans
Kas Bersih Diperoleh dari Aktivitas Pendanaan
2,235,001,855
2,443,503,301
153,565,376
1,741,774,978
KAS DAN SETARA KAS AWAL PERIODE
27,228,598
44,442,815
KAS DAN SETARA KAS AKHIR PERIODE
180,793,974
1,786,217,793
KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS
Net Cash Provided by Financing Activities NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD CASH AND CASH EQUIVALENTS
*)Disajikan kembali
AT THE END OF THE PERIOD *) Restatement
Lihat catatan atas laporan keuangan konsolidasian yang merupakan
See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan.
which are an integral part of the financial statements.
-5-
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain)
1.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For The Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Umum a.
1.
Pendirian dan Informasi Umum
General a.
Establishment and General Information
PT Exploitasi Energi Indonesia Tbk., (Perusahaan) didirikan berdasarkan Akta No. 18 tanggal 13 September 1999 dari Mulyoto, S.H., notaris di Boyolali. Akta Pendirian ini telah disahkan oleh Menteri Kehakiman Republik Indonesia dengan Surat Keputusan No. C1920HT.01.01.TH.2000 tanggal 10 Februari 2000 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 8 tanggal 26 Januari 2001, Tambahan No. 631.
PT Exploitasi Energi Indonesia Tbk., (the Company) was established based on Notarial Deed No. 18 dated September 13, 1999 of Mulyoto, S.H., a public notary in Boyolali. The Deed of Establishment was approved by the Ministry of Justice of the Republic of Indonesia its Decision Letter No. C-1920HT.01.01.TH.2000 dated February 10, 2000 and was published in the State Gazette of the Republic of Indonesia No. 8 dated January 26, 2001, Supplement No. 631.
Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, berdasarkan Akta No. 16 tanggal 14 Januari 2013 dari Isyana Wisnuwardhani Sudjarwo, S.H., M.H., notaris di Jakarta, mengenai perubahan Anggaran Dasar sebagai penyesuaian terhadap Keputusan Ketua Bapepam dan LK dengan surat No. Kep 179/BL/2008, Peraturan No. IX.J.1 tentang pokok - pokok Anggaran Dasar Perseroan yang melakukan Penawaran Umum Efek bersifat Ekuitas dan Perusahaan Publik dan penerapan Good Corporate Governance. Perubahan akta tersebut telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No.AHU-AH.01.10-20424 dan No. AHU-AH.01.10-20425 tanggal 6 Juni 2012.
The Company's Articles of Association had been amended several times, based on by Notarial Deed No. 16 dated January 14, 2013 of Isyana Wisnuwardhani Sudjarwo, S.H., M.H., a public notary in Jakarta, regarding the change in the Company’s Articles of Association in relation to the decision of the Chairman of the Capital Market and Financial Institutions Supervisory Agency (BAPEPAM - LK) in his Letter No. Kep 179/BL/2008, with Regulation No. IX.J.1 regarding Right Issue and Public Company and Good Corporate Governance. The Deed of Amendment in the Articles of Association has been approved by the Ministry of Justice and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU-AH.01.1020424 and No. AHU-AH.01.10-20425 dated June 6, 2012.
Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan, ruang lingkup kegiatan Perusahaan terutama bergerak dalam bidang pertambangan dan perdagangan batubara, pembangunan pembangkit tenaga listrik dan mengelola dan mengusahakan Pembangkit Listrik Tenaga Uap (PLTU). Pada tanggal 14 Oktober 2012, Perusahaan telah menandatangani Berita Acara Commercial Operation Date PLTU - Pangkalan Bun berkapasitas 2x7MW untuk menjalankan kegiatan operasional pembangkit listrik.
Based on Article 3 of the Company's Articles of Association, the scope of its activities to engage in coal mining and trading, electricity power development and building and operating steam power plants. On October 14, 2012, the Company has signed the Minutes of the Commercial Operations Date of Steam Power Plant Pangkalan Bun with capacity of 2x7MW to commence its commercial power plant operations.
-6-
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 1.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Umum (Lanjutan)
b.
1.
General (Continued)
Perusahaan memulai kegiatan komersial pada tahun 2001. Perusahaan berdomisili di Jakarta dan kantor pusat Perusahaan terletak di World Trade Centre Lantai 8, Jl. Jend. Sudirman Kav. 29-31, Jakarta.
The Company started its commercial operations in 2001. The Company is domiciled in Jakarta and its head office is th located in World Trade Centre, 8 floor, Jl. Jend. Sudirman Kav. 29-31, Jakarta.
PLTU Perusahaan terletak di Pangkalan Bun, Kalimantan Tengah, Rengat, Riau dan Tembilahan Riau.
The Company’s Steam Power Plants are located in Pangkalan Bun, Central Kalimantan, Rengat, Riau and Tembilahan Riau.
Anak perusahaan yang Dikonsolidasi
b.
Consolidated Subsidiaries
Berdasarkan Akta Perubahan Anggaran Dasar No. 16 tanggal 14 Januari 2013 dari Isyana Wisnuwardhani Sadjarwo S.H., M.H., notaris di Jakarta, Perusahaan meningkatkan modal dasar yang berasal dari Penawaran Umum Terbatas II sebanyak 4.709.810.634 saham.
Based on Notarial Deeds No. 16 dated January 14, 2013 from Isyana Wisnuwardhani Sadjarwo S.H., M.H., a public notary in Jakarta, the Company’s articles of association has been revised concerning the increase in the capital stock from Public Offering II consisting of 4,709,810,634 shares.
PT Energi Batubara Indonesia (EBI)
PT Energi Batubara Indonesia (EBI)
Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang didokumentasikan dalam Akta No. 6 tanggal 14 Januari 2013 dari Isyana Wisnuwardhani Sadjarwo S.H., M.H., notaris di Jakarta, Perusahaan menanamkan modal dengan nilai investasi sebesar Rp 2.300.000.000 atau sebesar 99,7% kepemilikan pada EBI.
Based on Minutes of Extraordinary General Meeting of Shareholders as documented in Notarial Deed No. 6 dated January 14, 2013 from Isyana Wisnuwardhani Sadjarwo S.H., M.H., a public notary in Jakarta, the Company has invested Rp 2,300,000,000 or 99.7% ownership interest in EBI.
PT Abe Jaya Perkasa (ABE)
PT Abe Jaya Perkasa (ABE)
Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang didokumentasikan dalam Akta No. 2 tanggal 7 Januari 2013 dari Isyana Wisnuwardhani Sadjarwo S.H., M.H., notaris di Jakarta, PT Energi Batubara Indonesia menanamkan modal dengan nilai investasi sebesar Rp 632.000 atau sebesar 51,3% kepemilikan pada ABE.
Based on Minutes of Extraordinary General Meeting of Shareholders as documented in Notarial Deed No. 2 dated January 7, 2013 from Isyana Wisnuwardhani Sadjarwo S.H., M.H., a public notary in Jakarta, PT Energi Batubara Indonesia has invested Rp 632,000 or 51.3% ownership interest in ABE.
PT Korporindo Guna Bara (KGB)
PT Korporindo Guna Bara (KGB)
Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang didokumentasikan dalam Akta No. 10 tanggal 14 Januari 2013 dari Isyana Wisnuwardhani Sadjarwo S.H., M.H., notaris di Jakarta, PT Energi Batubara Indonesia menanamkan modal dengan nilai investasi sebesar Rp 17.511.000 atau sebesar 94,59% kepemilikan pada KGB.
Based on Minutes of Extraordinary General Meeting of Shareholders as documented in Notarial Deed No. 10 dated January 14, 2013 from Isyana Wisnuwardhani Sadjarwo S.H., M.H., a public notary in Jakarta, PT Energi Batubara Indonesia has invested Rp 17,511,000 or 94,59% ownership interest in KGB.
-7-
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 1.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Umum (Lanjutan)
1.
General (Continued)
PT Trans Lintas Segara (TLS)
PT Trans Lintas Segara (TLS)
Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang didokumentasikan dalam Akta No. 7 tanggal 14 Januari 2013 dari Isyana Wisnuwardhani Sadjarwo S.H., M.H., notaris di Jakarta, PT Energi Batubara Indonesia menanamkan modal dengan nilai investasi sebesar Rp 249.607.000 atau sebesar 99,99% kepemilikan pada TLS.
Based on Minutes of Extraordinary General Meeting of Shareholders as documented in Notarial Deed No. 7 dated January 14, 2013 from Isyana Wisnuwardhani Sadjarwo S.H., M.H., a public notary in Jakarta, PT Energi Batubara Indonesia has invested Rp 249,607,000 or 99.99% ownership interest in TLS.
PT Sekti Rahayu Indah (SRI)
PT Sekti Rahayu Indah (SRI)
Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang didokumentasikan dalam Akta No. 1 tanggal 14 Januari 2013 dari Isyana Wisnuwardhani Sadjarwo S.H., M.H., notaris di Jakarta, PT Energi Batubara Indonesia menanamkan modal dengan nilai investasi sebesar Rp 531.000 atau sebesar 51,4% kepemilikan pada SRI.
Based on Minutes of Extraordinary General Meeting of Shareholders as documented in Notarial Deed No. 1 dated January 14, 2013 from Isyana Wisnuwardhani Sadjarwo S.H., M.H., a public notary in Jakarta, PT Energi Batubara Indonesia has invested Rp 531,000 or 51.4% ownership interest in SRI.
PT Dwi Guna Laksana (DGL)
PT Dwi Guna Laksana (DGL)
Berdasarkan Rapat Umum Pemegang Saham Luar Biasa yang didokumentasikan dalam Akta No. 11 tanggal 14 Januari 2013 dari Isyana Wisnuwardhani Sadjarwo S.H., M.H., notaris di Jakarta, PT Energi Batubara Indonesia menanamkan modal dengan nilai investasi sebesar Rp 448.587.742 atau sebesar 81% kepemilikan pada DGL.
Based on Minutes of Extraordinary General Meeting of Shareholders as documented in Notarial Deed No. 11 dated January 14, 2013 from Isyana Wisnuwardhani Sadjarwo S.H., M.H., a public notary in Jakarta, PT Energi Batubara Indonesia has invested Rp 448,587,742 or 81% ownership interest in DGL.
Struktur Perusahaan dan Anak perusahaan yang dimiliki adalah sebagai berikut:
The Company structure and its Subsidiaries are as follows: Persentase pemilikan (%)/ Percentage of ownership(%)
Anak perusahaan
Domisili/
Tahun Beroperasi/
31 Desember 2013/
31 Desember 2012*)
Subsidiaries Company
Domicile
Operating Years
December 31,2013
December 31,2012*)
99.97%
99.97%
99.99%
PT Energi Batubara Indones ia
Jakarta
Kepemilikan secara tidak langsung melalui PT EBI / Indirect Ownership through PT EBI PT Trans Lintas Segara
Banjarmas in, Kalimantan Selatan
2008
99.99%
PT Korporindo Guna Bara
Banjarmas in, Kalimantan Selatan
2008
94.59%
94.59%
PT Sekti Rahayu Indah
Palangkaraya, Kalimantan Tengah
2012
51.40%
51.40%
PT Abe Jaya Perkas a
Jakarta
Pre-operating
51.30%
51.30%
PT Dwi Guna Laksana
Banjarmas in, Kalimantan Selatan
2008
81.00%
81.00%
2009
99.91%
99.91%
99.22%
99.22%
Tahap pengembangan/
Kepemilikan secara tidak langsung melalui PT DGL / Indirect Ownership through PT DGL PT Truba Dewata Guna Pras ada
Banjarmas in, Kalimantan Selatan
Tahap pengembangan/ PT Us aha Kawan Bersama
Banjarmas in, Kalimantan Selatan
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Pre-operating
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 1.
Umum (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 1.
General (Continued) Jumlah Aset Sebelum Eliminasi/ Total Assets Before Ellimination
Anak perusahaan
Domisili/
Tahun Beroperasi/
31 Desember 2013/
31 Desember 2012/
Aktivitas Utama/
Subsidiaries Company
Domicile
Operating Years
December 31,2013
December 31,2012
Major Activities
PT Energi Batubara Indones ia
Jakarta
6,191,231,246
600,000
669,314,822.00
66,061,036
Perdagangan/ Trading
Kepemilikan secara tidak langsung Melalui PT EBI / Indirect Ownership through PT EBI
Jakarta Pertambangan dan Perdagangan
PT Trans Lintas Segara
Banjarmas in, Kalimantan Selatan
2008
Jasa pelayaran/Shipping service Pertambangan dan Perdagangan
PT Korporindo Guna Bara
Banjarmas in, Kalimantan Selatan
2008
334,004,029.00
6,525,946
PT Sekti Rahayu Indah
Palangkaraya, Kalimantan Tengah
2012
584,616,719.00
1,135,695
Tahap pengembangan/ PT Abe Jaya Perkasa
Jakarta
PT Dwi Guna Laks ana
Banjarmas in, Kalimantan Selatan
Preoperating
batubara/Coal trading and mining Pertambangan/Mining Pertambangan dan Perdagangan
451,737,635.00
627,924
batubara/Coal trading and mining
2008
2,231,693,496.00
975,413,171
batubara/Coal trading and mining
2009
415,769,328.00
12,101,992
57,874,623.00
22,612
Kepemilikan secara tidak langsung melalui PT DGL / Indirect Ownership through PT DGL PT Truba Dewata Guna Pras ada
Banjarmas in, Kalimantan Selatan
Perdagangan batubara/Coal trading
Tahap pengembangan/ PT Usaha Kawan Bersama
c.
Banjarmas in, Kalimantan Selatan
Preoperating
Ijin Usaha Pertambangan
c.
Pertambangan/Mining
Mining Business License
Perusahaan memiliki Izin Usaha Pertambangan Operasi Produksi berdasarkan Keputusan Bupati Tanah Laut No. 545/54-IUP.OP/DPE/2010 tanggal 22 Maret 2010 tentang Persetujuan Perpanjangan Kedua Ijin Usaha Pertambangan Operasi Produksi untuk area seluas 498,7 ha di daerah Riam Andungan dan sekitarnya, Kecamatan Kintap, Kabupaten Tanah Laut, Kalimantan Selatan, dengan jangka waktu ijin untuk produksi dan pengangkutan dan penjualan masing-masing selama lima (5) tahun efektif sejak 15 April 2010.
The Company obtained its mining license based on Decision of the Regent of Tanah Laut No. 545/54-IUP.OP/DPE/2010 dated March 22, 2010 regarding an Approval on the Second Extension of Production Operation Mining License for an area of 498.7 hectares in Riam Andungan and around Kintap Sub-district, District of Tanah Laut, South Kalimantan with validity period of licenses for coal production and transportation and selling for five (5) years, each, effective April 15, 2010.
DGL memiliki izin operasi produksi yang tercakup dalam Kuasa Pertambangan (“KP”) 545.2/03/PU/DPE/2007 seluas 412,8 ha didaerah Desa Jilatan dan sekitarnya. Kecamatan Batu Ampar, Kabupaten Tanah Laut, Kalimantan Selatan dan KP Pengangkutan dan penjualan No.1453/K29/MEM/2000.
DGL has operation for production license evidenced by Mining Authorization with an area of 412.8 hectares in Jilatan Village, Kecamatan Batu Ampar, Kabupaten Tanah Laut, South Kalimantan and KP Transportation and selling No.1453/K29/MEM/2000.
Berdasarkan IUP Eksplorasi No. 428 tanggal 27 Desember 2010, saat ini SRI memiliki Izin Usaha Pertambangan Eksplorasi seluas 2.721 hektar (ha) di daerah Mentaya Hulu, Kabupaten Kotawaringin Timur, Kalimantan Tengah.
Currently, based on license of IUP Exploration No. 428 dated December 27, 2010, SRI has License of Exploration covering 2,721 hectares (ha) at Mentaya Hulu, District of Kotawaringin Timur, Central Kalimantan.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 1.
Umum (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 1.
General (Continued)
KGB memiliki Izin Usaha Pertambangan Eksplorasi berdasarkan Keputusan Bupati Kotabaru No. 545/06/IUPE/D.PE tanggal 25 Mei 2012 tentang Persetujuan Perpanjangan Pertama Izin Usaha Pertambangan Eksplorasi untuk area seluas 285,8 hektar di kecamatan Hampang dan Kelumpang Hulu kabupaten Kotabaru Propinsi Kalimantan Selatan, dengan jangka waktu ijin untuk Eksplorasi selama dua (2) tahun dan Studi Kelayakan selama satu (1) tahun efektif sejak 25 Mei 2012.
KGB obtained its mining license based on Decision of the Regent of Kotabaru No. 545/06/IUPE/D.PE dated May 25, 2012 regarding an Approval on the First Extention of Exploration Mining License for an area of 285.8 hectares in Hampang and Kelumpang Hulu Subdistrict, District of Kotabaru, South Kalimantan with license for Exploration for a period of two (2) years and Feasibility Study for a period of one (1) year, both effective on May 25, 2012.
KGB memperoleh ijin dari Bupati Kotabaru sesuai dengan surat keputusan No. 188.45/466/KUM tahun 2008 tentang Pemberian Izin Pembangunan untuk Membangun Pelabuhan Khusus Batubara di desa Serongga Kecamatan Kelumpang Hilir. KGB memperoleh ijin dari Bupati Kotabaru sesuai dengan surat keputusan No. 188.45/119/KUM tahun 2010 tentang Pemberian Izin Perpanjangan Operasi untuk Mengoperasikan Pelabuhan Khusus Batubara di desa Serongga Kecamatan Kelumpang Hilir. Perusahaan telah memperoleh pembaharuan Izin Operasional Pelabuhan Khusus berdasarkan Keputusan Kepala Dinas Perhubungan Nomor 522.3/160-SET/DISHUB/2012 tanggal 31 Mei 2012.
KGB obtained a license from the Regent of Kotabaru with Decree No. 188.45/466/KUM in 2008 regarding the Construction Permitto Build Coal Special Harbor in Serongga Village, Kelumpang Hilir Sub-district, with decree No. 188.45/119/KUM in 2010 on the Granting of Permit Extension to Operate the Port of Special Operations in the Serongga Village, Kelumpang Hilir Sub-district. The Company has obtained the extension of the permit to operate Special Harbor based on decision by the Head of Department of Transportation No. 522.3/160SET/DISHUB/2012 dated May 31, 2012.
ABE dengan IUP Eksplorasi No. 188.45/392/2010 tanggal 10 April 2010 memiliki Izin Usaha Pertambangan Eksplorasi seluas 3.467 hektar di daerah Desa Kandui dan Majangkan, Kecamatan Gunung Timang, Kabupaten Barito Utara, Kalimantan Tengah. Pada tanggal 24 Mei 2012, berdasarkan keputusan Bupati Barito Utara Nomor 188.45/272/2012.
ABE with IUP Exploration No. 188.45/392/2010 dated April 10, 2010 has License of Exploration covering 3,467 hectares at Kandui and Majangkan Village, Gunung Timang Sub-district, District of North Barito, Central Kalimantan. On May 24, 2012, No. 188.45/272/2012.
TLS memiliki Surat Izin Usaha Perusahaan Angkutan Laut (SIUPAL) No. B XXXIV529/AT.54 tanggal 10 Oktober 2008 yang dikeluarkan oleh Direktorat Jenderal Perhubungan Laut.
TLS has Business License of Sea Freight Company (Surat Izin Usaha Perusahaan Angkutan Laut or “SIUPAL”) No. B XXXIV529/AT.54 dated October 10, 2008 issued by the Directorate General of Sea Transportation.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 1.
Umum (Lanjutan) d.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 1.
Penawaran Umum Efek Perusahaan
General (Continued) d.
Public Offerings of Shares
Pada tanggal 31 Oktober 2001, Perusahaan memperoleh pernyataan efektif dari Ketua Badan Pengawas Pasar Modal (BAPEPAM), sekarang Badan Pengawas Pasar Modal dan Lembaga Keuangan dengan Surat (BAPEPAM-LK) No. S-2710/PM/2001 untuk melakukan penawaran umum perdana kepada masyarakat atas 800.000.000 saham Perusahaan dengan nilai nominal Rp 100 (Rupiah penuh) per saham dan harga penawaran Rp 105 (Rupiah penuh) per saham, disertai insentif berupa Waran Seri I secara cuma-cuma.
On October 31, 2001, the Company obtained the Notice of Effectivity from the Chairman of the Capital Market Supervisory Agency (BAPEPAM), currently Capital Market and Financial Institution Supervisory Agency (BAPEPAM-LK) in its Letter No. S-2710/PM/2001 for its Initial Public Offering (IPO) of 800,000,000 shares with nominal value of Rp 100 (full amount) per share at an offering price of Rp 105 (full amount) per share with Series I Warrants attached free of charge.
Setiap lima (5) saham, melekat empat (4) Waran Seri I dimana pemegang satu (1) waran berhak membeli satu (1) saham dengan harga pelaksanaan sebesar Rp 125 (Rupiah penuh) per saham. Masa pelaksanaan waran dari tanggal 21 Mei 2002 sampai dengan tanggal 22 November 2004.
For every five (5) shares, there are four (4) Series I Warrants attached which entitles the holder the right to purchase additional one (1) share for each warrant at an exercise price of Rp 125 (full amount) per share. The right can be exercised from May 21, 2002 until November 22, 2004.
Pada tanggal 21 November 2001, saham tersebut telah dicatatkan pada Bursa Efek Indonesia.
On November 21, 2001, these shares were listed in the Indonesia Stock Exchange.
Pada tanggal 5 Desember 2003, Perusahaan memperoleh pernyataan efektif dari Ketua Bapepam dengan Surat No. S-2997/PM/2003 untuk melakukan Penawaran Umum Terbatas I dalam rangka Hak Memesan Efek Terlebih dahulu maksimum 3.220.000.000 saham Seri B dengan nilai nominal dan harga penawaran sebesar Rp 100 (Rupiah penuh) per saham.
On December 5, 2003, the Company obtained the Notice of Effectivity No. S-2997/PM/2003 from the Chairman of Bapepam for its Rights Issue I with maximum amount of 3,220,000,000 Series B shares with par value and offering price of Rp 100 (full amount) per share.
Setiap pemegang satu (1) saham Seri A (hasil reverse stock) berhak membeli 28 saham Seri B dengan harga pelaksanaan sebesar Rp 100 (Rupiah penuh) per saham.
Every holder of one (1) Series A share (resulting from reverse stock split) has the right to purchase 28 Series B shares at an exercise price of Rp 100 (full amount) per share.
Setiap pemegang dua puluh delapan (28) saham Seri B melekat delapan (8) Waran Seri II dan setiap pemegang satu (1) waran berhak membeli satu (1) saham Seri B dengan harga pelaksanaan sebesar Rp 100 (Rupiah penuh) per saham. Masa pelaksanaan mulai dari tanggal 21 Juni 2004 sampai dengan 8 Januari 2007.
For every holder of twenty eight (28) Series B shares, there are eight (8) Series II Warrants attached and every holder of one (1) warrant has the right to purchase one (1) Series B share at an exercise price of Rp 100 (full amount) per share. The right can be exercised from June 21, 2004 until January 8, 2007.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 1.
Umum (Lanjutan)
e.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 1.
General (Continued)
Pada tanggal 18 Januari 2013, saham tersebut telah dicatatkan pada Bursa Efek Indonesia.
As of January 18, 2013, these shares were listed in the Indonesia Stock Exchange.
Pada tanggal 5 Desember 2012, Perusahaan memperoleh pernyataan efektif dari Ketua Bapepam dan LK dengan Surat No. S-13877/BL/2012 untuk melakukan Penawaran Umum Terbatas II dalam rangka Hak Memesan Efek Terlebih dahulu sejumlah 4.709.810.634 saham Seri B dengan nilai nominal Rp 100 (Rupiah penuh) per saham dan harga penawaran sebesar Rp 500 (Rupiah penuh) per saham.
On 5 Desember 2012, the Company obtained the Notice of Effectivity No. S-13877/BL/2012 from the Chairman of Bapepam - LK for its Limited Public Offering II with Preemptive Rights of 4,709,810,634 Series B shares with par value of Rp 100 (full amount) per share and offering price of Rp 500 (full amount) per share.
Setiap pemegang seratus sepuluh (110) saham berhak atas seratus dua puluh dua (122) saham baru HMETD, dimana setiap satu (1) HMETD berhak membeli sebanyak satu (1) saham baru yang ditawarkan. Masa pendaftaran pelaksanaan mulai dari tanggal 20 Desember 2012 sampai dengan 7 Januari 2013, dengan penjatahan pemesanan tambahan pada tanggal 10 Januari 2013.
Every holder of one hundred and ten (110) shares has the right to one hundred and twenty-two (122) Preemptive Rights, and every holder of one (1) Preemptive Right has the right to purchase one (1) new share offered. The Registration period starts on December 20, 2012 to January 7, 2013, and allotment of additional reservations on January 10, 2013.
Karyawan, Direksi dan Dewan Komisaris
e.
Based on Notarial Deed No. 1 dated October 4, 2013 of Isyana Wisnuwardhani Sadjarwo, S.H., M.H., a public notary in Jakarta, the Company’s Board of Commissioners and Directors as of December 31, 2013 consists of the following:
Berdasarkan Akta No. 1 tanggal 4 Oktober 2013 dari Isyana Wisnuwardhani Sadjarwo, S.H., M.H., notaris di Jakarta, susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2013 adalah sebagai berikut:
Dewan Komisaris Presiden Komisaris Komisaris Independen
: :
Komisaris
:
Direksi Presiden Direktur Wakil Presiden Direktur Direktur
: : :
Employees, Directors and Board of Commissioners
Andri Cahyadi Djoko Sumaryono Edwin P. Situmorang Erry Firmansyah Parno Isworo Pudjianto Gondosasmito, SE
: :
Board of Commissioners President Commissioner Independent Commissioner
:
Commissioner
Henri Setiadi Maxi Tjandra Tjoajadi Novriaty Hilda Sibuea Danar Wihandoyo Zulfian Mirza Arifin Wiguna
: : :
Directors President Director Vice President Director Directors
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 1.
Umum (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 1.
Based on Notarial Deed No. 22 dated September 21, 2012 of Vestina Ria Kartika, S.H., M.H.,a public notary in Jakarta, the Company’s Board of Commissioners and Directors as of December 31, 2012 consists of the following:
Berdasarkan Akta No. 22 tanggal 21 September 2012 dari Vestina Ria Kartika, S.H., M.H., notaris di Jakarta, susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 31 Desember 2012 adalah sebagai berikut:
Dewan Komisaris Presiden Komisaris Komisaris Independen
General (Continued)
Komisaris
: : : :
Kusno Hardjianto Ir. Alhilal Hamdi Djoko Sumaryono Pudjianto Gondosasmito, SE Edwin P. Situmorang
: : : :
Direksi Presiden Direktur Wakil Presiden Direktur Direktur
: : :
Ir. Henry Halomoan Sitanggang Henri Setiadi Novriaty Hilda Sibuea Danar Wihandoyo Pudjianto Gondosasmito, S.E Zulfian Mirza
: : :
: :
Commissioner
Directors President Director Vice President Director Directors
Based on Notarial Deed No. 25 dated June 24, 2012 of Vestina Ria Kartika, S.H., M.H., a public notary in Jakarta, the Company’s Audit Committee as of December 31, 2013 and 2012 consists of the following:
Berdasarkan Akta No. 25 tanggal 24 Juni 2012 dari Vestina Ria Kartika, S.H., M.H., notaris di Jakarta, susunan Komite Audit Perusahaan pada tanggal 31 Desember 2013 dan 2012 adalah sebagai berikut: Komite Audit Ketua Komite Audit Anggota
Board of Commissioners President Commissioner Independent Commissioner
Ir. Alhilal Hamdi Dr. Ir. Syoni Soepriyanto, Msc, PhD Robby Sembiring, SE
: :
Audit Committee Chairman of Audit Committee Members
adalah
Board of Commissioners and Directors are the key management personnel of the Company.
Jumlah rata-rata karyawan Perusahaan (tidak diaudit) adalah 214 karyawan tahun 2013 dan 183 karyawan tahun 2012.
The Company had an average total number of employees (unaudited) of 214 in 2013, and 183 in 2012.
Pada tanggal 31 Desember 2013 dan 2012 corporate secretary Perusahaan adalah Jaffar Chan.
As of December 31, 2013 and 2012 the Company’s corporate secretary is Jaffar Chan.
Laporan keuangan Perusahaan untuk tahun yang berakhir 31 Desember 2013 telah diselesaikan dan diotorisasi untuk terbit oleh Direksi Perusahaan pada tanggal 25 Maret 2013. Direksi Perusahaan bertanggung jawab atas penyusunan dan penyajian laporan keuangan tersebut.
The financial statements of the Company for the year ended 31 December, 2013, were completed and authorized for issuance on March 25, 2013 by the Company’s Directors who are responsible for the preparation and presentation of the financial statements.
Manajemen kunci Perusahaan Dewan Komisaris dan Direksi.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting a.
2.
Dasar Penyusunan dan Pengukuran Laporan keuangan Konsolidasian
Summary of Significant Accounting Financial Reporting Policies a.
and
Basis of Consolidated Financial Statements Preparation and Measurement
Laporan keuangan konsolidasian disusun dan disajikan dengan menggunakan Standar Akuntansi Keuangan di Indonesia, meliputi pernyataan dan interpretasi yang diterbitkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia dan Peraturan No. VIII.G.7 tentang “Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik”, Lampiran Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam dan LK) No. Kep-347/BL/2012 tanggal 25 Juni 2012. Seperti diungkapkan dalam Catatan-catatan terkait, beberapa standar akuntansi telah direvisi dan diterbitkan, diterapkan efektif tanggal 1 Januari 2012.
The consolidated financial statements have been prepared and presented in accordance with Indonesian Financial Accounting Standards “SAK”, which comprise the statements and interpretations issued by the Board of Financial Accounting Standards of the Indonesian Institute of Accountants and Regulation No. VIII.G.7 regarding “Presentation and Disclosures of Public Companies’ Financial Statements”, included in the Appendix of the Decree of the Chairman of the Capital Market and Financial Institution Supervisory Agency (Bapepam - LK) No. KEP-347/BL/2012 dated June 25, 2012.
Penyusunan laporan posisi keuangan konsolidasian untuk tahun yang berakhir tanggal 31 Desember 2013 dan laporan laba rugi komprehensif konsolidasian proforma untuk periode satu tahun yang berakhir 31 Desember 2013 (informasi keuangan proforma) disusun dengan asumsi bahwa transaksi telah terjadi sejak 1 Januari 2012.
The consolidated financial statements for the year ended December 31, 2013 and consolidated statements of comprehensive income for the nine-month period ended December 31, 2013 have been prepared on assume the effective transaction was on January 1, 2012.
Laporan keuangan Perusahaan sesuai dengan Pernyataan Akuntansi Keuangan No. 1 (Revisi 2009), “Penyajian Keuangan”.
disusun Standar (PSAK) Laporan
The Company financial statements are prepared in accordance with the Statements of Financial Accounting Standard (“PSAK”) No. 1 (Revised 2009), “Presentation of Financial Statements”.
Dasar pengukuran laporan keuangan ini adalah konsep biaya perolehan (historical cost), kecuali beberapa akun tertentu disusun berdasarkan pengukuran lain, sebagaimana diuraikan dalam kebijakan akuntansi masing-masing akun tersebut. Laporan keuangan ini disusun dengan metode akrual, kecuali laporan arus kas.
The measurement basis used is the historical cost, except for certain accounts which are measured on the bases described in the related accounting policies. The financial statements, except for the statements of cash flows, are prepared under the accrual basis of accounting.
Laporan arus kas disusun dengan menggunakan metode langsung dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan.
The statements of cash flows are prepared using the direct method with classifications of cash flows into operating, investing and financing activities.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
b.
2.
Summary of Significant Accounting Financial Reporting Policies (Continued)
and
Kebijakan akuntansi yang diterapkan dalam penyusunan laporan keuangan untuk periode satu tahun yang berakhir 31 Desember 2013 adalah konsisten dengan kebijakan akuntansi yang diterapkan dalam penyusunan laporan keuangan untuk tahun yang berakhir tanggal 31 Desember 2012, kecuali dampak penerapan beberapa PSAK yang telah direvisi efektif sejak tanggal 1 Januari 2012 seperti yang telah diungkapkan pada Catatan ini.
The accounting policies adopted in the preparation of the financial statements for the year ended December 31, 2013 are consistent with those adopted in the preparation of the financial statements for the year ended December 31, 2012, except for the adoption of certain amended PSAK effective January 1, 2012 as disclosed in this Note.
Mata uang pelaporan yang digunakan dalam penyusunan laporan keuangan adalah mata uang Rupiah (Rupiah) yang juga merupakan mata uang fungsional Perusahaan.
The reporting currency used in the preparation of the financial statements is the Indonesian Rupiah (Rupiah) which is also the functional currency of the Company.
Penyusunan laporan keuangan sesuai dengan Standar Akuntansi Keuangan di Indonesia mengharuskan penggunaan estimasi tertentu. Hal tersebut juga mengharuskan manajemen untuk membuat pertimbangan dalam proses penerapan kebijakan akuntansi Perusahaan. Area yang kompleks atau memerlukan tingkat pertimbangan yang lebih tinggi atau area di mana asumsi dan estimasi berdampak signifikan terhadap laporan keuangan diungkapkan di Catatan 3.
The preparation of financial statements in conformity with Indonesian Financial Accounting Standards requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgment or complexity or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 3.
Prinsip Konsolidasi Penggabungan Usaha
dan
Akuntansi
b.
Principles of Consolidation and Accounting for Business Combination
Prinsip Konsolidasi
Principles of Consolidation
Laporan keuangan konsolidasi meliputi laporan keuangan Perusahaan dan Anak perusahaan yang dikendalikannya, dimana Perusahaan memiliki lebih dari 50%, baiklangsung maupun tidak langsung, hak suara di Anak perusahaan dan dapat menentukan kebijakan keuangan dan operasi dari Anak perusahaan untuk memperoleh keuntungan dari aktivitas Anak perusahaan tersebut.
The consolidated financial statements include the financial statements of the Company and its Subsidiaries, where in the Company has direct or indirect ownership interest of more than 50% of the voting rights of the Subsidiary’s capital stock or is able to govern the financial and operating policies of an enterprise so as to benefit from its activities.
Dalam hal pengendalian terhadap Anak perusahaan dimulai atau diakhiri dalam suatu periode tertentu, maka hasil usaha Anak perusahaan yang diperhitungkan kedalam laporan keuangan konsolidasi hanya sebatas hasil pada saat pengendalian tersebut mulai diperoleh hingga saat pengendalian atas Anak perusahaan itu berakhir.
When an entity either began or ceased to be controlled during the year, the results of operations of the subsidiaries are calculatred in the consolidated financial statements only from the date that the control commenced up to the date that the control ceased.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting
2.
Summary of Significant Accounting Financial Reporting Policies
and
Saldo dan transaksi termasuk keuntungan atau kerugian yang belum direalisasi atas transaksi antar perusahaan dieliminasi untuk mencerminkan posisi keuangan dan hasil usaha Perusahaan dan Anak perusahaan sebagai satu kesatuan usaha.
Intercompany balances and transactions, including unrealized gains or losses on intercompany transactions are eliminated to reflect the financial position and the results of operations of the Company and its Subsidiaries as one business entity.
Laporan keuangan konsolidasi disusun dengan menggunakan kebijakan akuntansi yang sama untuk peristiwa dan transaksi sejenis dalam kondisi yang sama. Apabila Anak perusahaan menggunakan kebijakan akuntansi yang berbeda dari kebijakan akuntansi yang digunakan dalam laporan keuangan konsolidasi, maka dilakukan penyesuaian yang diperlukan terhadap laporan keuangan Anak perusahaan tersebut.
The consolidated financial statements are prepared using uniform accounting policies for like transactions and events in similar circumstances. If a Subsidiary’s financial statements are prepared using accounting policies other than those adopted in the consolidated financial statements, appropriate adjustments are made to its financial statements.
Hak minoritas atas laba bersih dan ekuitas Anak perusahaan dinyatakan sebesar proporsi pemegang saham minoritas atas laba bersih dan ekuitas Anak perusahaan tersebut sesuai dengan persentase kepemilikan pemegang saham minoritas pada Anak perusahaan tersebut.
Minority interest represents the minority stockholders’ proportionate share in the net income and equity of the Subsidiaries which are not wholly owned, which is presented based on the percentage of ownership of the minority stockholders in the Subsidiaries.
Kerugian yang menjadi bagian dari pemegang saham minoritas pada suatu Anak perusahaan dapat melebihi bagiannya dalam modal disetor. Kelebihan tersebut dan kerugian lebih lanjut yang menjadi bagian pemegang saham minoritas, harus dibebankan kepada pemegang saham mayoritas, kecuali terdapat kewajiban yang mengikat pemegang saham minoritas untuk menutupi kerugian tersebut dan pemegang saham minoritas mampu memenuhi kewajibannya. Apabila pada periode selanjutnya, Anak perusahaan melaporkan laba, maka laba tersebut harus terlebih dahulu dialokasikan kepada pemegang saham mayoritas sampai seluruh bagian kerugian pemegang saham minoritas yang dibebankan pada pemegang saham mayoritas dapat ditutup.
The losses applicable to the minority stockholders in a consolidated Subsidiary may exceed the minority stockholders’ interest in the net assets of the Subsidiaries. The excess, and any further losses applicable to the minority are charged against the majority interest, except to the extent that the minority has a binding obligation to, and is able to, absorb such losses and the minority stockholders can settle their obligations. If the Subsidiary subsequently reported profits, such profits shall be allocated to the majority stockholders up to the amount of the minority stockholders’ share in losses previously absorbed by the majority which have been recovered.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Akuntansi Penggabungan Usaha
Accounting for Business Combination
Akuisisi Anak perusahaan dari entitas yang merupakan entitas sepengendali yang merupakan reorganisasi Perusahaanperusahaan di bawah pengendali yang sama (pooling of interest), dipertanggungjawabkan sesuai dengan PSAK 38 (Revisi 2004) “Akuntansi Transaksi Restrukturisasi Entitas Sepengendali”. Berdasarkan PSAK 38 tersebut, transfer aset, kewajiban, saham dan instrumen kepemilikan lainnya di antara entitas sepengendali tidak menghasilkan laba atau rugi bagi grup atau bagi perusahaan individu berada di bawah grup yang sama. Karena transaksi restrukturisasi entitas sepengendali tidak menimbulkan perubahan substansi ekonomi atas kepemilikan aset, kewajiban, saham dan instrumen epemilikan lainnya yang dipertukarkan, maka aset dan kewajiban yang ditransfer dicatat pada nilai bukunya seperti penggabungan usaha yang menggunakan metode penyatuan kepemilikan. Dalam penerapan metode penyatuan kepemilikan, komponen laporan keuangan pada periode terjadinya transaksi restrukturisasi dan periode perbandingan yang disajikan, untuk tujuan komparatif, harus disajikan sedemikian rupa seolaholah restrukturisasi tersebut telah terjadi sejak permulaan periode paling awal yang disajikan.
Acquisition of a Subsidiary from entities under common control which is are organization of companies under common control (pooling of interest), is accounted for in accordance with PSAK 38 (Revised 2004) “Accounting for Restructuring Transactions among Entities Under Common Control. Based on PSAK 38, transfer of assets, liabilities, shares and other instruments of ownership among entities under common control do not result in a gain or loss to the group or to the individual company with in the same group. Since a restructuring transaction among entities under common control does not result in a change of the economic substance of the ownership of assets, liabilities, shares and other instruments of ownership which are exchanged, assets or liabilities transferred are recorded at book values as business combination using the pooling of interest method. In applying the pooling of interest method, the components of the financial statements for the period during which there structuring transactions occurred and for other periods presented, for comparison purposes, are presented in such a manner as if the restructuring has already happened since the beginning of the earliest period presented.
Ekuitas bersih Anak-anak perusahaan pada tanggal 1 Januari 2012, yang diakuisisi pada bulan Januari 2013 dicatat dan disajikan pada akun “Proforma Ekuitas dari Transaksi Restrukturisasi Entitas Sepengendali”. Selanjutnya akun proforma tersebut disesuaikan untuk perubahanperubahan pada ekuitas bersih Anak perusahaan yang diakuisisi. Selisih antara harga pengalihan dengan nilai buku pada saat pengalihan atau penjualan disajikan sebagai “Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali”, yang merupakan komponen dari ekuitas, pada saat restrukturisasi menjadi efektif pada tahun 2013.
The net equities as of January 1, 2012 of the Subsidiaries acquired in January 2013, were recorded and presented under the “Proforma capital arising from restructuring transactions of entities under common control”. Subsequently, the proforma account is adjusted for the changes in the net equity of the acquired Subsidiaries. Any difference between the transfer price and the book value of the transfer or/seller is presented as “Difference in value arising from restructuring transactions of entities under common control”, a component of the equity section, when the restructuring become effective in 2013.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
c.
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Saldo “selisih nilai transaksi restrukturisasi entitas sepengendali” dibukukan dalam laporan laba rugi konsolidasi sebagai laba atau rugi yang direalisasi pada saat (1) hilangnya status substansi sepengendalian antara entitas yang pernah bertransaksi, (2) pelepasan aset, kewajiban, saham atau instrumen kepemilikan lainnya yang mendasari terjadinya selisih transaksi restrukturisasi entitas sepengendali ke pihak lain yang tidak sepengendali. Sebaliknya, jika ada transaksi resiprokal antara entitas sepengendali yang sama maka saling hapus dilakukan antara saldo yang ada dengan yang baru, sehingga menimbulkan saldo baru atas akun ini.
The balance of “Difference in value arising from restructuring transactions among entities on control” account is taken to the consolidated statements of income as realized gain or loss as a result of (1) lost of under common control substance, and (2) transfer of the assets, liabilities, equity or other ownership instruments to another party who is not under common control. On the other hand, when there are reciprocal transactions between entities under common control, the existing balance is set - off with the new transaction, hence creating a new balance of this account.
Pendapatan dari Anak perusahaan sebelum akuisisi Anak perusahaan disajikan dalam akun “Laba Anak perusahaan pra-akuisisi” dalam laporan laba rugi konsolidasi.
Income of Subsidiaries prior to the acquisition of such Subsidiaries by the Company are presented as “Pre acquisition income of Subsidiaries” in the consolidated statement of income.
Penerapan Pernyataan Standar Akuntansi Keuangan dan Interpretasi Standar Akuntansi Keuangan Efektif 1 Januari 2012
c.
Adoption of Statements of Financial Accounting Standards and Interpretations of Financial Accounting Standards Effective January 1, 2012
Pada tanggal 1 Januari 2012, Perusahaan menerapkan Pernyataan Standar Akuntansi Keuangan (PSAK) dan Interpretasi Standar Akuntansi Keuangan (ISAK) baru dan revisi yang wajib diterapkan pada tanggal tersebut. Kebijakan akuntansi tertentu Perusahaan telah diubah seperti yang disyaratkan, sesuai dengan ketentuan transisi dalam masing-masing standar dan interpretasi.
On January 1, 2012, the Company adopted new and revised Statements of Financial Accounting Standards (PSAK) and Interpretations of Financial Accounting Standards (ISAK) that are mandatory for application from that date. Changes to the Company accounting policies have been made as required, in accordance with the transitional provisions in the respective standards and interpretations.
1. PSAK No. 24 (Revisi 2010), “Imbalan Kerja”, menyatakan bahwa seluruh penghargaan berbasis saham yang diberikan kepada karyawan harus dicatat sesuai dengan PSAK No. 53, “Pembayaran Berbasis Saham”. Standarrevisi ini memperkenalkan alternatif metode baru untuk mengakui keuntungan (kerugian) aktuarial, yaitu dengan mengakui seluruh keuntungan (kerugian) pada pendapatan komprehensif lain dengan beberapa pengungkapan tambahan.
1.
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PSAK No. 24 (Revised 2010), “Employee Benefits”, clarifies that all share-based awards granted to employees should be accounted using principles of PSAK No. 53, “Share Based Payments”. The revised standard introduces a new alternative method to recognize actuarial gains (losses), that is to recognize all actuarial gains (losses) in full through other comprehensive income and requires certain additional disclosures.
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued) The Company has elected to continue using the corridor approach in the recognition of actuarial gains (losses) and has made additional disclosures in Note 27.
Perusahaan memilih untuk tetap menggunakan pendekatan koridor dalam pengakuan keuntungan (kerugian) aktuarial dan pengungkapan tambahan terdapat pada Catatan 27. 2.
2. PSAK No. 60, “Instrumen Keuangan: Pengungkapan”, mensyaratkan pengungkapan yang lebih luas atas manajemen risiko keuangan entitas dibandingkan dengan PSAK No. 50 (Revisi 2006), ”Instrumen Keuangan: Penyajian dan Pengungkapan”. Persyaratan tersebut adalah sebagai berikut:
PSAK No. 60, “Financial Instruments: Disclosures”, which requires more extensive disclosures of an entity’s financial risk management compared to PSAK No. 50 (Revised 2006), “Financial Instruments: Presentation and Disclosures”. The requirements consist of the following:
-
Signifikansi instrumen keuangan terhadap posisi dan kinerja keuangan entitas. Pengungkapan ini mencakup banyak persyaratan yang sebelumnya terdapat dalam PSAK No. 50 (Revisi 2006).
-
The significance of financial instruments for an entity’s financial position and performance. These disclosures incorporate many of the requirements previously in PSAK No. 50 (Revised 2006).
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Informasi kualitatif dan kuantitatif mengenai eksposur terhadap risiko yang timbul dari instrumen keuangan, termasuk pengungkapan minimum yang spesifik mengenai risiko kredit, risiko likuiditas dan risiko pasar. Pengungkapan kualitatif menjelaskan tujuan manajemen, kebijakan dan proses dalam mengelola risiko-risiko tersebut. Pengungkapan kuantitatif menyediakan informasi mengenai tingkatan eksposur risiko dari entitas, berdasarkan informasi yang disediakan secara internal kepada manajemen kunci.
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Qualitative and quantitative information about exposure to risks arising from financial instruments, including specified minimum disclosures about credit risk, liquidity risk and market risk. The qualitative disclosures describe management’s objectives, policies and processes for managing those risks. The quantitative disclosures provide information about the extent to which the entity is exposed to risk, based on information provided internally to the entity’s key management personnel.
The Company has incorporated disclosure requirements of PSAK No. 60 in the financial statements for the year ended December 31, 2013.
Perusahaan telah menyajikan pengungkapan yang disyaratkan oleh PSAK No. 60 dalam laporan keuangan untuk tahun yang berakhir 31 Desember 2013.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan) d.
e.
2.
Penjabaran Mata Uang Asing
Summary of Significant Accounting and Financial Reporting Policies (Continued) d.
Foreign Currency Translation
Mata Uang Fungsional dan Pelaporan
Functional and Reporting Currency
Akun-akun yang tercakup dalam laporan keuangan konsolidasian diukur menggunakan mata uang dari lingkungan ekonomi utama dimana Perusahaan beroperasi (mata uang fungsional).
Items included in the consolidated financial statements are measured using the currency of the primary economic environment in which the Company operates (the functional currency).
Laporan keuangan konsolidasian disajikan dalam Rupiah, yang merupakan mata uang fungsional dan mata uang penyajian Perusahaan.
The consolidated financial statements are presented in Rupiah which is the Company’s functional and presentation currency.
Transaksi dan Saldo
Transactions and Balances
Transaksi dalam mata uang asing dijabarkan kedalam mata uang fungsional menggunakan kurs pada tanggal transaksi. Laba atau rugi selisih kurs yang timbul dari penyelesaian transaksi dan dari penjabaran pada kurs akhir tahun atas aset dan liabilitas moneter dalam mata uang asing diakui dalam laporan laba rugi komprehensif.
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the statement of comprehensive income.
Pada tanggal 31 Desember 2013 dan 2012, kurs konversi yang digunakan Perusahaan masing-masing sebesar Rp 12.189 dan Rp 9.670 per US$ 1.
As of December 31, 2013 and 2012, the exchange rates used by the Company were Rp 12,189 and Rp 9,670, respectively, to United States (U.S.) $ 1.
Transaksi Pihak Berelasi
e.
Transactions with Related Parties Effective January 1, 2012, the Group applied SFAS No. 7 (Revised 2010), “Related Party Disclosures”. SFAS No. 7 (Revised 2010) requires disclosure of related party relationships, transactions and outstanding balances, including commitments, in the consolidated and separate financial statements of a parent, and also applies to individual financial statements. The adoption of SFAS No. 7 (Revised 2010) did not have a significant impact on the related disclosures in the consolidated financial statements.
Efektif 1 Januari 2012, Grup menerapkan PSAK No. 7 (Revisi 2010), “Pengungkapan Pihak-Pihak Berelasi”. PSAK revisi ini mensyaratkan pengungkapan hubungan, transaksi dan saldo pihak-pihak berelasi, termasuk komitmen, dalam laporan keuangan konsolidasian dan laporan keuangan tersendiri entitas Induk, dan juga diterapkan terhadap laporan keuangan secara individual. Penerapan PSAK yang direvisi tersebut tidak memberikan pengaruh yang signifikan terhadap pengungkapan.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Pihak berelasi adalah orang atau entitas yang terkait dengan Perusahaan:
A related party is a person or entity that is related to the Company:
a.
a.
b.
Orang atau anggota keluarga terdekat mempunyai relasi dengan Perusahaan jika orang tersebut:
A person or a close member of that person's family is related to the Company if that person:
(i)
memiliki pengendalian pengendalian bersama Perusahaan;
atau atas
(i)
has control or joint control over the Company;
(ii)
memiliki pengaruh signifikan atas Perusahaan; atau
(ii)
has significant influence over the Company; or
(iii)
personil manajemen kunci Perusahaan atau entitas induk Perusahaan.
(iii)
is a member of the key management personnel of the reporting entity or of a parent of the Company.
b.
Suatu entitas berelasi dengan Perusahaan jika memenuhi salah satu hal berikut:
An entity is related to the Company if any of the following conditions applies:
(i)
entitas dan Perusahaan adalah anggota dari kelompok usaha yang sama;
(i)
the entity and the Company are members of the same group;
(ii)
satu entitas adalah entitas asosiasi atau ventura bersama dari entitas lain (atau entitas asosiasi atau ventura bersama yang merupakan anggota suatu kelompok usaha, yang mana entitas lain tersebut adalah anggotanya);
(ii)
one entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member);
(iii)
kedua entitas tersebut adalah ventura bersama dari pihak ketiga yang sama;
(iii) both entities are joint ventures of the same third party;
(iv)
satu entitas adalah ventura bersama dari entitas ketiga dan entitas yang lain adalah entitas asosiasi dari entitas ketiga;
(iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity;
(v)
entitas tersebut adalah suatu program imbalan pascakerja untuk imbalan kerja dari Perusahaan atau entitas yang terkait dengan Perusahaan. Jika Perusahaan adalah entitas yang menyelenggarakan program tersebut, maka entitas sponsor juga berelasi dengan Perusahaan;
(v)
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the entity is a post-employment defined benefit plan for the benefit of employees of either the Company or an entity related to the Company. If the Company is itself such a plan, the sponsoring employers are also related to the Company;
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
(vi)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued) (vi) the entity is controlled or jointly controlled by a person identified in (a); or
entitas yang dikendalikan atau dikendalikan bersama oleh orang yang diidentifikasi dalam huruf (a); atau
(vii) a person identified in (a) (i) significant influence over entity or is a member of the management personnel of entity (or of a parent of entity).
(vii) orang yang diidentifikasi dalam huruf (a) (i) memiliki pengaruh signifikan atas entitas atau merupakan personil manajemen kunci entitas (atau entitas induk dari entitas).
f.
Semua transaksi dengan pihak berelasi, baik yang dilakukan dengan atau tidak dengan, persyaratan dan kondisi yang sama dengan pihak ketiga diungkapkan dalam laporan keuangan konsolidasian.
All transactions with related parties, whether or not done under similar terms and conditions as those done with third parties, are disclosed in the consolidated financial statements.
Transaksi pembelian batu bara dan biaya pengangkutan yang dilakukan Perusahaan dengan pihak berelasi dan pihak ketiga memiliki syarat dan kondisi yang sama, yaitu aspek harga.
Purchase of coal and freight transactions conducted by the Company with related parties and third parties have the same terms and conditions, including price aspect.
Kas
f.
Deposito Berjangka
g.
Time Deposits Time deposits with maturities of more than three (3) months from the date of placement and are used as collateral or are restricted are presented aspart of “Other assets”.
Deposito berjangka yang jatuh temponya lebih dari tiga (3) bulan pada saat penempatan dan digunakan sebagai jaminan disajikan sebagai bagian “Aset lainlain”. h.
Cash Cash consists of cash on hand and in banks.
Kas terdiri dari kas dan bank. g.
has the key the the
Instrumen Keuangan
h.
Financial Instruments Effective January 1, 2012, the Company has applied PSAK No. 50 (Revised 2010), “Financial Instruments: Presentation”, PSAK No. 55 (Revised 2012), “Financial Instruments: Recognition and Measurement”, and PSAK No. 60, “Financial Instruments: Disclosures”.
Efektif 1 Januari 2012, Perusahaan menerapkan PSAK No. 50 (Revisi 2010), “Instrumen Keuangan: Penyajian” PSAK No. 55 (Revisi 2012), “Instrumen Keuangan: Pengakuan dan Pengukuran”, dan PSAK No. 60, “Instrumen Keuangan: Pengungkapan”.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Perusahaan mengakui aset keuangan atau liabilitas keuangan pada laporan posisi keuangan jika, dan hanya jika, Perusahaan menjadi salah satu pihak dalam ketentuan pada kontrak instrumen tersebut. Pembelian atau penjualan yang lazim atas instrumen keuangan diakui pada tanggal transaksi.
The Company recognizes a financial asset or liability in the statement of financial position if, and only if, it becomes a party to the contractual provisions of the instrument. All regular way purchases and sales of financial instruments are recognized on transaction date.
Instrumen keuangan pada pengakuan awal diukur pada nilai wajarnya, yang merupakan nilai wajar kas yang diserahkan (dalam hal aset keuangan) atau yang diterima (dalam hal liabilitas keuangan). Nilai wajar kas yang diserahkan atau diterima ditentukan dengan mengacu pada harga transaksi atau harga pasar yang berlaku. Jika harga pasar tidak dapat ditentukan dengan andal, maka nilai wajar kas yang diserahkan atau diterima dihitung berdasarkan estimasi total seluruh pembayaran atau penerimaan kas masa depan, yang didiskontokan menggunakan suku bunga pasar yang berlaku untuk instrumen sejenis dengan jatuh tempo yang sama atau hampir sama. Pengukuran awal instrumen keuangan, kecuali untuk instrumen keuangan yang diukur pada nilai wajar melalui laporan laba rugi, termasuk biaya transaksi, kecuali untuk instrumen keuangan yang diukur pada nilai wajar melalui laporan laba rugi.
Financial instruments are recognized initially at fair value, which is the fair value of the consideration given (in case of an asset) or received (in case of a liability). The fair value of the consideration given or received is determined by reference to the transaction price or other market prices. If such market prices are not reliably determinable, the fair value of the consideration is estimated as the sum of all future cash payments or receipts, discounted using the prevailing market rates of interest for similar instruments with similar maturities. The initial measurement of financial instruments, except for financial instruments at fair value through profit and loss (FVPL), includes transaction costs.
Biaya transaksi adalah biaya-biaya yang dapat diatribusikan secara langsung pada perolehan atau penerbitan aset keuangan atau liabilitas keuangan, dimana biaya tersebut adalah biaya yang tidak akan terjadi apabila entitas tidak memperoleh atau menerbitkan instrumen keuangan. Biaya transaksi tersebut diamortisasi sepanjang umur instrumen menggunakan metode suku bunga efektif.
Transaction costs include only those costs that are directly attributable to the acquisition of a financial asset or issue of financial liability and they are incremental costs that would not have been incurred if the instrument had not been acquired or issued. Such transaction costs are amortized over the terms of the instruments based on the effective interest rate method.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Metode suku bunga efektif adalah metode yang digunakan untuk menghitung biaya perolehan diamortisasi dari aset keuangan atau liabilitas keuangan dan metode untuk mengalokasikan pendapatan bunga atau beban bunga selama periode yang relevan, menggunakan suku bunga yang secara tepat mendiskontokan estimasi pembayaran atau penerimaan kas di masa depan selama perkiraan umur instrumen keuangan, atau jika lebih tepat, digunakan periode yang lebih singkat untuk memperoleh nilai tercatat bersih dari instrumen keuangan. Pada saat menghitung suku bunga efektif, Perusahaan mengestimasi arus kas dengan mempertimbangkan seluruh persyaratan kontraktual dalam instrumen keuangan tersebut, tanpa mempertimbangkan kerugian kredit di masa depan, namun termasuk seluruh komisi dan bentuk lain yang dibayarkan atau diterima, yang merupakan bagian tidak terpisahkan dari suku bunga efektif.
Effective interest rate method is a method of calculating the amortized cost of a financial asset or liability and allocating the interest income or expense over the relevant period by using an interest rate that exactly discounts estimated future cash payments or receipts through the expected life of the instruments or, when appropriate, a shorter period to the net carrying amount of the financial instruments. When calculating the effective interest, the Company estimates the future cash flows considering all contractual terms of the financial instruments excluding future credit losses and including all fees and points paid or received that are an integral part of the effective interest rate.
Biaya perolehan diamortisasi dari aset keuangan atau liabilitas keuangan adalah jumlah aset keuangan atau liabilitas keuangan yang diukur pada saat pengakuan awal dikurangi pembayaran pokok, ditambah atau dikurangi dengan amortisasi kumulatif menggunakan metode suku bunga efektif yang dihitung dari selisih antara nilai awal dan nilai jatuh temponya, dan dikurangi penurunan nilai atau nilai yang tidak dapat ditagih.
Amortized cost is the amount at which the financial asset or financial liability is measured at initial recognition, minus principal repayments, plus or minus the cumulative amortization using the effective interest rate method of any difference between the initial amount recognized and the maturity amount, minus any reduction for impairment.
Pengklasifikasian instrumen keuangan dilakukan berdasarkan tujuan perolehan instrumen tersebut dan mempertimbangkan apakah instrumen tersebut memiliki kuotasi harga di pasar aktif. Pada saat pengakuan awal, Perusahaan mengklasifikasikan instrumen keuangan dalam kategori berikut: aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi, pinjaman yang diberikan dan piutang, investasi dimiliki hingga jatuh tempo, aset keuangan tersedia untuk dijual, liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi dan liabilitas keuangan lain-lain; dan melakukan evaluasi kembali atas kategori-kategori tersebut pada setiap tanggal pelaporan, apabila diperlukan dan tidak melanggar ketentuan yang disyaratkan.
The classification of the financial instruments depends on the purpose for which the instruments were acquired and whether they are quoted in an active market. At initial recognition, the Company classifies its financial instruments in the following categories: financial assets at FVPL, loans and receivables, held-tomaturity (HTM) investments, available for sale (AFS) financial assets, financial liabilities at FVPL and other financial liabilities; and, where allowed and appropriate, re-evaluates such classifications at every reporting date.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Penentuan Nilai Wajar
Determination of Fair Value
Nilai wajar instrumen keuangan yang diperdagangkan di pasar aktif pada tanggal posisi keuangan adalah berdasarkan kuotasi harga pasar atau harga kuotasi penjual/dealer (bid price untuk posisi beli dan ask price untuk posisi jual), tanpa memperhitungkan biaya transaksi. Apabila bid price dan ask price yang terkini tidak tersedia, maka harga transaksi terakhir yang digunakan untuk mencerminkan bukti nilai wajar terkini, sepanjang tidak terdapat perubahan signifikan dalam perekonomian sejak terjadinya transaksi. Untuk seluruh instrumen keuangan yang tidak terdaftar pada suatu pasar aktif, maka nilai wajar ditentukan menggunakan teknik penilaian. Teknik penilaian meliputi teknik nilai kini (net present value), perbandingan terhadap instrumen sejenis yang memiliki harga pasar yang dapat diobservasi, model harga opsi (options pricing models) dan model penilaian lainnya.
The fair value of financial instruments traded in active markets at the statement of financial position date is based on their quoted market price or dealer price quotations (bid price for long positions and ask price for short positions), without any deduction for transaction costs. When current bid and asking prices are not available, the price of the most recent transaction is used since it provides evidence of the current fair value as long as there has not been a significant change in economic circumstances since the time of the transaction. For all other financial instruments not listed in an active market, the fair value is determined by using appropriate valuation techniques. Valuation techniques include net present value techniques, comparison to similar instruments for which market observable prices exist, options pricing models and other relevant valuation models.
Pada tanggal 31 Desember 2013 dan 2012, Perusahaan hanya memiliki instrumen keuangan dalam kategori pinjaman yang diberikan dan piutang dan liabilitas keuangan lain-lain. Oleh karena itu, kebijakan akuntansi yang berkaitan dengan aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi, investasi dimiliki hingga jatuh tempo, aset keuangan tersedia untuk dijual, dan liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi tidak diungkapkan.
As of December 31, 2013 and 2012, the Company has financial instruments under loans and receivables and other financial liabilities categories. Therefore, the accounting policies related to the financial assets at FVPL, HTM investments, AFS financial assets, and financial liabilities at FVPL were not disclosed.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Laba/Rugi “Hari ke-1”
“Day 1” Profit/Loss
Apabila harga transaksi dalam suatu pasar yang tidak aktif berbeda dengan nilai wajar instrumen sejenis pada transaksi pasar terkini yang dapat diobservasi atau berbeda dengan nilai wajar yang dihitung menggunakan teknik penilaian dimana variabelnya merupakan data yang diperoleh dari pasar yang dapat diobservasi, maka Perusahaan mengakui selisih antara harga transaksi dengan nilai wajar tersebut (yakni laba/rugi “Hari ke-1”) dalam laporan laba rugi komprehensif, kecuali jika selisih tersebut memenuhi kriteria pengakuan sebagai aset yang lain. Dalam hal tidak terdapat data yang dapat diobservasi, maka selisih antara harga transaksi dan nilai yang ditentukan berdasarkan teknik penilaian hanya diakui dalam laporan laba rugi komprehensif apabila data tersebut menjadi dapat diobservasi atau pada saat instrumen tersebut dihentikan pengakuannya. Untuk masing-masing transaksi, Perusahaan menerapkan metode pengakuan laba/rugi “Hari ke-1” yang sesuai.
Where the transaction price in a non-active market is different from the fair value of other observable current market transactions in the same instrument or based on a valuation technique whose variables include only data from observable market, the Company recognizes the difference between the transaction price and fair value (a “Day 1” profit/loss) in the statement of comprehensive income unless it qualifies for recognition as some other type of asset. In cases where the data is not observable, the difference between the transaction price and model value is only recognized in the statement of comprehensive income when the input become observable or when the instrument is derecognized. For each transaction, the Company determines the appropriate method of recognizing the “Day 1” profit/loss amount.
Aset Keuangan
Financial Assets
Pinjaman yang Diberikan dan Piutang
Loans and Receivables
Pinjaman yang diberikan dan piutang adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan tidak mempunyai kuotasi di pasar aktif. Aset keuangan tersebut tidak dimaksudkan untuk dijual dalam waktu dekat dan tidak diklasifikasikan sebagai aset keuangan yang diukur pada nilai wajar melalui laporan laba rugi, investasi dimiliki hingga jatuh tempo atau aset tersedia untuk dijual.
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are not entered into with the intention of immediate or short-term resale and are not classified as financial assets at FVPL, HTM investments or AFS financial assets.
Setelah pengukuran awal, pinjaman yang diberikan dan piutang diukur pada biaya perolehan diamortisasi menggunakan metode suku bunga efektif, dikurangi cadangan kerugian penurunan nilai. Biaya perolehan diamortisasi tersebut memperhitungkan premi atau diskonto yang timbul pada saat perolehan serta imbalan dan biaya yang merupakan bagian integral dari suku bunga efektif. Amortisasi dicatat sebagai bagian dari pendapatan bunga dalam laporan laba rugi komprehensif. Kerugian yang timbul akibat penurunan nilai diakui dalam laporan laba rugi komprehensif.
After initial measurement, loans and receivables are subsequently measured at amortized cost using the effective interest method, less allowance for impairment. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees and costs that are an integral part of the effective interest rate. The amortization is included as part of interest income in the statement of comprehensive income. The losses arising from impairment are recognized in the statement of comprehensive income.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Pada tanggal 31 Desember 2013 dan 2012, kategori ini meliputi kas, piutang usaha, piutang lain-lain dan aset lain-lain yang terdiri dari bank garansi, deposito berjangka yang dibatasi penggunaannya dan setoran jaminan yang dimiliki oleh Perusahaan.
As of December 31, 2013 and 2012, the Company’s cash, trade accounts receivable, other accounts receivable and other assets, which consists of bank guarantee, restricted time deposits and security deposit, are included in this category.
Liabilitas Ekuitas
Financial Liabilities Instruments
Keuangan
dan
Instrumen
and
Equity
Instrumen Ekuitas
Equity Instruments
Instrumen ekuitas adalah setiap kontrak yang memberikan hak residual atas aset suatu entitas setelah dikurangi dengan seluruh liabilitasnya. Instrumen ekuitas dicatat sejumlah hasil yang diterima setelah dikurangkan dengan biaya penerbitan langsung.
An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments are recorded at the proceeds received, net of direct issue costs.
Liabilitas Keuangan
Financial Liabilities
Liabilitas Keuangan Lain-lain
Other Financial Liabilities
Kategori ini merupakan liabilitas keuangan yang tidak dimiliki untuk diperdagangkan atau pada saat pengakuan awal tidak ditetapkan untuk diukur pada nilai wajar melalui laporan laba rugi.
This category pertains to financial liabilities that are not held for trading or not designated at FVPL upon the inception of the liability.
Instrumen keuangan yang diterbitkan, jika ada, atau komponen dari instrumen keuangan tersebut, yang tidak diklasifikasikan sebagai liabilitas keuangan yang diukur pada nilai wajar melalui laporan laba rugi, diklasifikasikan sebagai liabilitas keuangan lain-lain, jika subtansi perjanjian kontraktual mengharuskan Perusahaan untuk menyerahkan kas atau aset keuangan lain kepada pemegang instrumen keuangan, atau jika liabilitas tersebut diselesaikan tidak melalui penukaran kas atau aset keuangan lain atau saham sendiri yang jumlahnya tetap atau telah ditetapkan.
Issued financial instruments, if any, or their components, which are not classified as financial liabilities at FVPL are classified as other financial liabilities, where the substance of the contractual arrangement results in the Company having an obligation either to deliver cash or another financial asset to the holder, or to satisfy the obligation other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of own equity shares.
Liabilitas keuangan lain-lain pada pengakuan awal diukur pada nilai wajar dan sesudah pengakuan awal diukur pada biaya perolehan diamortisasi, dengan memperhitungkan dampak amortisasi (atau akresi) berdasarkan suku bunga efektif atas premi, diskonto dan biaya transaksi yang dapat diatribusikan secara langsung.
Other financial liabilities are recognized initially at fair value and are subsequently carried at amortized cost, taking into account the impact of applying the effective interest rate method of amortization (or accretion) for any related premium, discount and any directly attributable transaction costs.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Pada tanggal 31 Desember 2013 dan 31 Desember 2012, kategori ini meliputi utang bank, utang usaha, utang lain-lain, beban akrual dan utang pihak berelasi nonusaha yang dimiliki oleh Perusahaan.
As of December 31, 2013 and December 31, 2012, the Company’s bank loans, trade accounts payable, other payables, accrued expenses and due to a related party - non operation are included in this category.
Saling Hapus Instrumen Keuangan
Offsetting of Financial Instruments
Aset keuangan dan liabilitas keuangan saling hapus dan nilai bersihnya disajikan dalam laporan posisi keuangan jika, dan hanya jika, Perusahaan saat ini memiliki hak yang berkekuatan hukum untuk melakukan saling hapus atas jumlah yang telah diakui tersebut; dan berniat untuk menyelesaikan secara neto atau untuk merealisasikan aset dan menyelesaikan liabilitasnya secara simultan.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position if, and only if, there is a currently enforceable right to offset the recognized amounts and there is intention to settle on a net basis, or to realize the asset and settle the liability simultaneously.
Penurunan Nilai Aset Keuangan Pada Biaya Perolehan Diamortisasi
Impairment of Financial Assets Carried at Amortized Cost
Pada setiap tanggal laporan posisi keuangan, manajemen Perusahaan menelaah apakah suatu aset keuangan atau kelompok aset keuangan telah mengalami penurunan nilai.
The Company’s management assesses at each statement of financial position date whether a financial asset or group of financial assets is impaired.
Manajemen pertama-tama menentukan apakah terdapat bukti obyektif mengenai penurunan nilai secara individual atas aset keuangan yang signifikan secara individual, atau secara kolektif untuk aset keuangan yang jumlahnya tidak signifikan secara individual. Jika manajemen menentukan tidak terdapat bukti obyektif mengenai penurunan nilai atas aset keuangan yang dinilai secara individual, baik aset keuangan tersebut signifikan atau tidak signifikan, maka aset tersebut dimasukkan ke dalam kelompok aset keuangan yang memiliki karakteristik risiko kredit yang sejenis dan menilai penurunan nilai kelompok tersebut secara kolektif. Aset yang penurunan nilainya dinilai secara individual dan untuk itu kerugian penurunan nilai diakui atau tetap diakui, tidak termasuk dalam penilaian penurunan nilai secara kolektif.
The management first assesses whether objective evidence of impairment exists individually for financial assets that are individually significant, or collectively for financial assets that are not individually significant. If the management determines that no objective evidence of impairment exists for an individually assessed financial asset, whether significant or not, the asset is included in a group of financial assets with similar credit risk characteristics and that group of financial assets is collectively assessed for impairment. Assets that are individually assessed for impairment and for which an impairment loss, is or continues to be recognized are not included in a collective assessment of impairment.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Jika terdapat bukti obyektif bahwa penurunan nilai telah terjadi atas aset dalam kategori pinjaman yang diberikan dan piutang, maka jumlah kerugian tersebut diukur sebagai selisih antara nilai tercatat aset dengan nilai kini estimasi arus kas masa depan (tidak termasuk kerugian kredit di masa depan yang belum terjadi) yang didiskonto menggunakan suku bunga efektif awal dari aset tersebut (yang merupakan suku bunga efektif yang dihitung pada saat pengakuan awal). Nilai tercatat aset tersebut langsung dikurangi dengan penurunan nilai yang terjadi atau menggunakan akun cadangan dan jumlah kerugian yang terjadi diakui di laporan laba rugi komprehensif.
If there is an objective evidence that an impairment loss on loans and receivables carried at amortized cost has been incurred, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate (i.e., the effective interest rate computed at initial recognition). The carrying amount of the asset is reduced either directly or through the use of an allowance account. The amount of loss is charged to the statement of comprehensive income.
Jika, pada tahun berikutnya, jumlah kerugian penurunan nilai berkurang karena suatu peristiwa yang terjadi setelah penurunan nilai tersebut diakui, maka dilakukan penyesuaian atas cadangan kerugian penurunan nilai yang sebelumnya diakui. Pemulihan penurunan nilai selanjutnya diakui dalam laporan laba rugi komprehensif, dengan ketentuan nilai tercatat aset setelah pemulihan penurunan nilai tidak melampaui biaya perolehan diamortisasi pada tanggal pemulihan tersebut.
If, in a subsequent year, the amount of the impairment loss decreases because of an event occurring after the impairment was recognized, the previously recognized impairment loss is reversed. Any subsequent reversal of an impairment loss is recognized in the statement of comprehensive income, to the extent that the carrying value of the asset does not exceed its amortized cost at the reversal date.
Penghentian Pengakuan Liabilitas Keuangan
Derecognition of Financial Assets and Liabilities
(1)
Aset
dan
(1)
Aset Keuangan
Financial Assets
Aset keuangan (atau bagian dari aset keuangan atau kelompok aset keuangan serupa) dihentikan pengakuannya jika:
Financial asset (or where applicable a part of a financial asset or part of a group of similar financial assets) is derecognized when:
a.
hak kontraktual atas arus kas yang berasal dari aset keuangan tersebut berakhir;
a.
the rights to receive cash flows from the asset have expired;
b.
Perusahaan tetap memiliki hak untuk menerima arus kas dari aset keuangan tersebut, namun juga menanggung liabilitas kontraktual untuk membayar kepada pihak ketiga atas arus kas yang diterima tersebut secara penuh tanpa adanya penundaan yang signifikan berdasarkan suatu kesepakatan; atau
b.
the Company retains the right to receive cash flows from the asset, but has assumed an obligation to pay them in full without material delay to a third party under a “pass-through” arrangement; or
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
c.
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued) c.
Perusahaan telah mentransfer haknya untuk menerima arus kas dari aset keuangan dan (i) telah mentransfer secara substansial seluruh risiko dan manfaat atas aset keuangan, atau (ii) secara substansial tidak mentransfer atau tidak memiliki seluruh risiko dan manfaat atas aset keuangan, namun telah mentransfer pengendalian atas aset keuangan tersebut.
Where the Company has transferred their rights to receive cash flows from an asset or has entered into a passthrough arrangement and has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the asset is recognized to the extent of the Company’s continuing involvement in the asset. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Company could be required to repay.
Ketika Perusahaan telah mentransfer hak untuk menerima arus kas dari suatu aset keuangan atau telah menjadi pihak dalam suatu kesepakatan dan secara substansial tidak mentransfer dan tidak memiliki seluruh risiko dan manfaat atas aset keuangan dan masih memiliki pengendalian atas aset tersebut, maka aset keuangan diakui sebesar keterlibatan berkelanjutan dengan aset keuangan tersebut. Keterlibatan berkelanjutan dalam bentuk pemberian jaminan atas aset yang ditransfer diukur berdasarkan jumlah terendah antara nilai aset yang ditransfer dengan nilai maksimal dari pembayaran yang diterima yang mungkin harus dibayar kembali oleh Perusahaan. (2)
the Company has transferred its rights to receive cash flows from the asset and either (i) has transferred substantially all the risks and rewards of the asset, or (ii) has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.
(2)
Liabilitas Keuangan
Financial Liabilities A financial liability is derecognized when the obligation under the contract is discharged, cancelled or has expired. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability. The recognition of a new liability and the difference in the respective carrying amounts is recognized in the statement of comprehensive income.
Liabilitas keuangan dihentikan pengakuannya jika liabilitas keuangan tersebut berakhir, dibatalkan atau telah kadaluarsa. Jika liabilitas keuangan tertentu digantikan dengan liabilitas keuangan lain dari pemberi pinjaman yang sama namun dengan persyaratan yang berbeda secara substansial, atau terdapat modifikasi secara substansial atas ketentuan liabilitas keuangan yang ada saat ini, maka pertukaran atau modifikasi tersebut dianggap sebagai penghentian pengakuan liabilitas keuangan awal. Pengakuan timbulnya liabilitas keuangan baru serta selisih antara nilai tercatat liabilitas keuangan awal dengan yang baru diakui dalam laporan laba rugi komprehensif.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan) i.
2.
Persediaan
Summary of Significant Accounting and Financial Reporting Policies (Continued) i.
Inventories are stated at the lower of cost or net realizable value. The cost of inventories is determined by using the First In First Out (FIFO) method. Allowances for inventory obsolescence and decline in values of inventories are provided to reduce the carrying values of inventories to their net realizable values. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.
Persediaan dinyatakan berdasarkan biaya atau nilai realisasi bersih, mana yang lebih rendah (the lower of cost and net realizable value). Biaya persediaan ditentukan dengan menggunakan metode pertama masuk pertama keluar (First In First Out/FIFO). Cadangan persediaan usang dan cadangan kerugian penurunan nilai persediaan dibentuk untuk menyesuaikan nilai persediaan ke nilai realisasi bersih. Nilai realisasi bersih adalah estimasi harga jual dalam kegiatan usaha biasa dikurangi estimasi biaya penyelesaian dan estimasi biaya yang diperlukan untuk membuat penjualan. j.
Biaya Dibayar Di muka
j.
Prepaid Expenses Prepaid expenses are amortized over their beneficial or contract periods using the straight-line method.
Biaya dibayar di muka diamortisasi selama masa manfaat masing-masing biaya dengan menggunakan metode garis lurus. k.
Inventories
Aset Tetap
k.
Property and Equipment
Pemilikan Langsung
Direct Acquisitions
Pengakuan awal aset tetap diukur pada biaya perolehan. Biaya perolehan aset tetap meliputi harga perolehan dan setiap biaya yang dapat diatribusikan secara langsung agar aset tersebut siap digunakan sesuai dengan tujuannya.
Property and equipment are initially recorded at cost. Cost includes original purchase price and all costs necessary to bring the asset to working condition for its intended use.
Aset tetap, kecuali tanah, dinyatakan berdasarkan biaya perolehan, tetapi tidak termasuk biaya perawatan sehari-hari, dikurangi akumulasi penyusutan dan akumulasi rugi penurunan nilai, jika ada. Tanah tidak disusutkan dan dinyatakan berdasarkan biaya perolehan dikurangi akumulasi rugi penurunan nilai, jika ada.
Property and equipment, except land, are carried at cost, excluding day-to-day servicing, less accumulated depreciation and any impairment in value. Land is not depreciated and is stated at cost less any impairment in value, if any.
Biaya perolehan awal aset tetap meliputi harga perolehan termasuk bea impor dan pajak pembelian dan biaya-biaya yang dapat diatribusikan secara langsung untuk membawa aset ke lokasi dan kondisi yang diinginkan sesuai dengan tujuan penggunaan yang ditetapkan.
The initial cost of property and equipment consists of its purchase price, including import duties and taxes and any directly attributable costs in bringing the property and equipment to its working condition and location for its intended use.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Beban-beban yang timbul setelah aset tetap digunakan, seperti beban perbaikan dan pemeliharaan, dibebankan ke laporan laba rugi komprehensif pada saat terjadinya. Apabila beban-beban tersebut menimbulkan peningkatan manfaat ekonomis di masa mendatang dari penggunaan aset tetap tersebut yang dapat melebihi kinerja normalnya, maka bebanbeban tersebut dikapitalisasi sebagai tambahan biaya perolehan aset tetap.
Expenditures incurred after the property and equipment have been put into operations, such as repairs and maintenance costs, are normally charged to operations in the year such costs are incurred. In situations where it can be clearly demonstrated that the expenditures have resulted in an increase in the future economic benefits expected to be obtained from the use of the property and equipment beyond its originally assessed standard of performance, the expenditures are capitalized as additional costs of property and equipment.
Penyusutan dihitung berdasarkan metode garis lurus (straight-line method) selama masa manfaat aset tetap sebagai berikut:
Depreciation is computed on a straight-line basis over the property and equipment’s useful lives as follows:
Tahun/ Years Prasarana jalan masuk Kapal dan tongkang Bangunan PLTU - Pangkalan Bun Dermaga Peralatan produksi Pagar lokasi Kendaraan Inventaris Peralatan kantor
30 16 10 - 20 20 20 16 10 8 4-8 4
Infrastructure of entrance road Vessel and barge Buildings Steam Power Plant - Pangkalan Bun Dock Factory equipment Fence Vehicles Furnitures and fixtures Office equipment
Nilai tercatat aset tetap ditelaah kembali dan dilakukan penurunan nilai apabila terdapat peristiwa atau perubahan kondisi tertentu yang mengindikasikan nilai tercatat tersebut tidak dapat dipulihkan sepenuhnya.
The carrying values of property and equipment are reviewed for impairment when events or changes in circumstances indicate that the carrying values may not be recoverable.
Dalam setiap inspeksi yang signifikan, biaya inspeksi diakui dalam jumlah tercatat aset tetap sebagai suatu penggantian apabila memenuhi kriteria pengakuan. Biaya inspeksi signifikan yang dikapitalisasi tersebut diamortisasi selama periode sampai saat inspeksi signifikan berikutnya.
When each major inspection is performed, its cost is recognized in the carrying amount of the item of property and equipment as a replacement if the recognition criteria are satisfied. Such major inspection is capitalized and amortized over the next major inspection activity.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Jumlah tercatat aset tetap dihentikan pengakuannya (derecognized) pada saat dilepaskan atau tidak ada manfaat ekonomis masa depan yang diharapkan dari penggunaan atau pelepasannya. Aset tetap yang dijual atau dilepaskan, dikeluarkan dari kelompok aset tetap berikut akumulasi penyusutan serta akumulasi penurunan nilai yang terkait dengan aset tetap tersebut. Laba atau rugi yang timbul dari penghentian pengakuan aset tetap ditentukan sebesar perbedaan antara jumlah neto hasil pelepasan, jika ada, dengan jumlah tercatat dari aset tetap tersebut dan diakui dalam laporan laba rugi komprehensif pada tahun terjadinya penghentian pengakuan.
An item of property and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. When assets are sold or retired, the cost and related accumulated depreciation and any impairment loss are eliminated from the accounts. Any gain or loss arising from derecognition of property and equipment (calculated as the difference between the net disposal proceeds, if any, and the carrying amount of the item) is included in the statement of comprehensive income in the year the item is derecognized.
Nilai residu, umur manfaat, serta metode penyusutan dan amortisasi ditelaah setiap akhir tahun dan dilakukan penyesuaian apabila hasil telaah berbeda dengan estimasi sebelumnya.
The assets’ residual values, useful lives and depreciation and amortization method are reviewed and adjusted if appropriate, at each financial year end.
Nilai residu dari aset tetap adalah estimasi jumlah yang dapat diperoleh Perusahaan dari pelepasan aset setelah dikurangi estimasi biaya pelepasan, jika aset telah mencapai umur dan kondisi pada akhir umur manfaatnya.
The residual value of an asset is the estimated amount that the Company would currently obtain from disposal of the asset, after deducting the estimated costs of such sale if the assets were already of the age and other conditions expected at the end of its useful life.
Aset Tetap dalam Pembangunan
Construction in progess
Aset dalam pembangunan merupakan aset tetap dalam tahap konstruksi, yang dinyatakan pada biaya perolehan dan tidak disusutkan. Akumulasi biaya akan direklasifikasi ke akun aset tetap yang bersangkutan dan akan disusutkan pada saat konstruksi selesai secara substansial dan aset tersebut telah siap digunakan sesuai tujuannya.
Construction in progress represents property, plant and equipment under construction which is stated at cost and is not depreciated. The accumulated costs will be reclassified to the respective property and equipment account and will be depreciated when the construction is substantially complete and the asset is ready for its intended use.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan) l.
2.
Biaya Eksplorasi yang Ditangguhkan
Summary of Significant Accounting and Financial Reporting Policies (Continued) l.
Deferred Exploration Costs
Biaya eksplorasi untuk area of interest yang berpotensi secara signifikan terkait dengan cadangan mineral dimana hak pertambangan masih berlaku dan (i) biaya tersebut diharapkan dapat diperoleh kembali melalui eksploitasi atau penjualan cadangan terbukti, atau (ii) kegiatan tersebut belum mencapai tahap yang memungkinkan untuk memastikan penentuan adanya cadangan yang secara ekonomis terbukti serta kegiatan yang aktif dan signifikan dalam atau sehubungan dengan area of interest tersebut masih berlangsung, ditangguhkan dan diamortisasi sejak dimulainya produksi secara komersial menggunakan metode unit produksi. Biaya eksplorasi dibebankan dalam periode dimana Perusahaan menentukan tidak adanya manfaat yang diharapkan di masa yang akan datang dari area of interest.
Exploration costs for a potential significant area of interest associated with a mineral deposit where the mining right is still valid and (i) such costs are expected to be recovered through exploitation or sale of proven reserves, or (ii) where activities have not yet reached a stage permitting a reasonable assessment of the existence or otherwise of economically recoverable reserves and active and significant operations in or in relation to the area of interest are continuing, are deferred and amortized upon commencement of commercial production using the unit of production method. These costs are charged to expense in the period during which the Company determines that no future value is expected from the area of interest.
Biaya eksplorasi yang ditangguhkan mencakup akumulasi biaya yang terkait dengan penyelidikan umum, administrasi dan perizinan, geologi dan geofisika dan biaya-biaya yang terjadi untuk mengembangkan area tambang sebelum dimulainya produksi komersial.
Deferred exploration costs represent the accumulated costs incurred relating to general investigation, administration and mining licenses, geology and geophysics and preparatory activities before the commencement of commercial productions.
Manajemen menelaah nilai tercatat biaya eksplorasi yang ditangguhkan setiap tahun. Apabila nilai tercatat melebihi nilai kini taksiran produksi selama sisa umur tambang atau periode hak pertambangan yang mana yang lebih pendek, selisihnya dibebankan pada periode berjalan.
Management makes an assessment of the carrying value of deferred exploration costs annually. If the carrying value of deferred exploration and development costs is higher than the present value of estimated ore production during the remaining life of the mine or the period of the mining right whichever is shorter, the difference is charged to operations.
Biaya-biaya yang berkaitan dengan unit pertambangan yang sedang berjalan dan biaya pengembangan untuk produksi yang sedang berlangsung dibebankan pada saat terjadinya.
Costs relating to mining units currently being exploited and on going development expenditures to maintain production are charged to operations as incurred.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan) m.
2.
Transaksi Sewa
Summary of Significant Accounting and Financial Reporting Policies (Continued) m.
Lease Transactions
Penentuan apakah suatu kontrak merupakan, atau mengandung unsur sewa adalah berdasarkan substansi kontrak pada tanggal awal sewa, yakni apakah pemenuhan syarat kontrak tergantung pada penggunaan aset tertentu dan kontrak tersebut berisi hak untuk menggunakan aset tersebut.
The determination of whether an arrangement is, or contains a lease is based on the substance of the arrangement at inception date of whether the fulfillment of the arrangement is dependent on the use of a specific asset or assets and the arrangement conveys a right to use the asset.
Evaluasi ulang atas perjanjian sewa dilakukan setelah tanggal awal sewa hanya jika salah satu kondisi berikut terpenuhi:
A reassessment is made after inception of the lease only if one of the following applies:
a.
terdapat perubahan dalam persyaratan perjanjian kontraktual, kecuali jika perubahan tersebut hanya memperbarui atau memperpanjang perjanjian yang ada;
a.
there is a change in contractual terms, other than a renewal or extension of the agreement;
b.
opsi pembaruan dilakukan atau perpanjangan disetujui oleh pihakpihak yang terkait dalam perjanjian, kecuali ketentuan pembaruan atau perpanjangan pada awalnya telah termasuk dalam masa sewa;
b.
a renewal option is exercised or extension granted, unless the term of the renewal or extension was initially included in the lease term;
c.
terdapat perubahan dalam penentuan apakah pemenuhan perjanjian tergantung pada suatu aset tertentu; atau
c.
there is a change in the determination of whether the fulfillment is dependent on a specified asset; or
d.
terdapat perubahan subtansial atas aset yang disewa.
d.
there is a substantial change to the asset.
Apabila evaluasi ulang telah dilakukan, maka akuntansi sewa harus diterapkan atau dihentikan penerapannya pada tanggal dimana terjadi perubahan kondisi pada skenario a, c atau d dan pada tanggal pembaharuan atau perpanjangan sewa pada skenario b.
Where a reassessment is made, lease accounting shall commence or cease from the date when the change in circumstances gave rise to the reassessment for scenarios a, c or d and the date of renewal or extension period for scenario b.
Perusahaan sebagai lessee
The Company is the lessee
Pembayaran sewa dalam sewa operasi diakui sebagai beban dalam laporan laba rugi komprehensif dengan dasar garis lurus (straight-line basis) selama masa sewa.
Operating lease payments are recognized as an expense in the statements of comprehensive income on a straight-line basis over the lease term.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan) n.
2.
Penurunan Nilai Aset Non-Keuangan
Summary of Significant Accounting and Financial Reporting Policies (Continued) n.
Impairment of Non-Financial Assets
Pada setiap akhir periode pelaporan tahunan, Perusahaan menilai apakah terdapat indikasi suatu aset mengalami penurunan nilai. Jika terdapat indikasi tersebut atau pada saat uji tahunan penurunan nilai aset diperlukan, maka Perusahaan membuat estimasi formal jumlah terpulihkan aset tersebut.
The Company assesses at each annual reporting period whether there is an indication that an asset may be impaired. If any such indication exists, or when annual impairment testing for an asset is required, the Company makes an estimate of the asset’s recoverable amount.
Jumlah terpulihkan yang ditentukan untuk aset individual adalah jumlah yang lebih tinggi antara nilai wajar aset atau unit penghasil kas dikurangi biaya untuk menjual dengan nilai pakainya, kecuali aset tersebut tidak menghasilkan arus kas masuk yang secara signifikan independen dari aset atau kelompok aset lain. Jika nilai tercatat aset lebih besar daripada nilai terpulihkannya, maka aset tersebut dinyatakan mengalami penurunan nilai dan nilai tercatat aset diturunkan nilai menjadi sebesar nilai terpulihkannya. Rugi penurunan nilai dari operasi yang berkelanjutan diakui pada laporan laba rugi komprehensif sebagai “Rugi penurunan nilai”. Dalam menghitung nilai pakai, estimasi arus kas masa depan bersih didiskontokan ke nilai kini dengan menggunakan tingkat diskonto sebelum pajak yang mencerminkan penilaian pasar kini dari nilai waktu uang dan risiko spesifik atas aset. Dalam menghitung nilai wajar dikurangi biaya untuk menjual, transaksi pasar kini juga diperhitungkan, jika tersedia.
An asset’s recoverable amount is the higher of an asset’s or cash generating unit’s fair value less costs to sell and its value in use, and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Impairment losses of continuing operations are recognized in the statement of comprehensive income as “Impairment losses”. In assessing the value in use, the estimated net future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs to sell, recent market transactions are taken into account, if available.
Jika transaksi pasar kini tidak tersedia, Perusahaan menggunakan model penilaian yang sesuai untuk menentukan nilai wajar aset. Perhitungan-perhitungan ini harus didukung oleh metode penilaian tertentu (valuation multiples) atau indikator nilai wajar lain yang tersedia.
If no such transactions can be identified, an appropriate valuation model is used to determine the fair value of the assets. These calculations are corroborated by valuation multiples or other available fair value indicators.
Kerugian penurunan nilai, jika ada, diakui dalam laporan laba rugi komprehensif sesuai dengan kategori biaya yang konsisten dengan fungsi dari aset yang diturunkan nilainya.
Impairment losses of continuing operations, if any, are recognized in the statement of comprehensive income under expense categories that are consistent with the functions of the impaired assets.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
2.
Summary of Significant Accounting and Financial Reporting Policies (Continued) An assessment is made at each annual reporting period as to whether there is any indication that previously recognized impairment losses recognized for an asset may not longer exist or may have decreased. If such indication exists, the recoverable amount is estimated. A previously recognized impairment loss for an asset is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. If that is the case, the carrying amount of the asset is increased to its recoverable amount. The reversal is limited so that the carrying amount of the assets does not exceed its recoverable amount nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Reversal of an impairment loss is recognized in the statement of comprehensive income. After such a reversal, the depreciation charge on the said asset is adjusted in future periods to allocate the asset’s revised carrying amount, less any residual value, on a systematic basis over its remaining useful life.
Penelaahan dilakukan pada akhir setiap periode pelaporan tahunan untuk mengetahui apakah terdapat indikasi bahwa rugi penurunan nilai aset yang telah diakui dalam periode sebelumnya mungkin tidak ada lagi atau mungkin telah menurun. Jika indikasi dimaksud ditemukan, maka Perusahaan mengestimasi jumlah terpulihkan aset tersebut. Kerugian penurunan nilai yang diakui dalam periode sebelumnya dipulihkan hanya jika terdapat perubahan asumsi-asumsi yang digunakan untuk menentukan jumlah terpulihkan aset tersebut sejak rugi penurunan nilai terakhir diakui. Dalam hal ini, jumlah tercatat aset dinaikkan ke jumlah terpulihkannya. Pemulihan tersebut dibatasi sehingga nilai tercatat aset tidak melebihi jumlah terpulihkannya maupun nilai tercatat, neto setelah penyusutan, seandainya tidak ada rugi penurunan nilai yang telah diakui untuk aset tersebut pada tahun-tahun sebelumnya. Pemulihan rugi penurunan nilai diakui dalam laporan laba rugi komprehensif. Setelah pemulihan tersebut, penyusutan aset tersebut disesuaikan di periode mendatang untuk mengalokasikan nilai tercatat aset yang direvisi, dikurangi nilai sisanya, dengan dasar yang sistematis selama sisa umur manfaatnya. o.
Pengakuan Pendapatan dan Beban
o.
Revenue and Expense Recognition
Pendapatan diakui bila besar kemungkinan manfaat ekonomi akan diperoleh oleh Perusahaan dan jumlahnya dapat diukur secara andal.
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.
Pendapatan diukur dengan nilai wajar imbalan yang diterima atau dapat diterima dari penjualan barang dan jasa dalam kegiatan usaha normal Perusahaan. Pendapatan disajikan bersih setelah dikurangkan dengan Pajak Pertambahan Nilai, penyesuaian harga dan denda keterlambatan.
Revenue is measured as the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the Company’s activities. Revenue is shown net of Value Added Tax, adjustment of price and late charge.
Penjualan batubara dan pendapatan PLTU diakui pada saat risiko dan manfaat kepemilikan diserahkan kepada pelanggan.
Coal sales and revenue from steam power plant are recognized as revenue when risks and rewards of ownership are transferred to the customer.
Pendapatan yang berasal dari jasa pelabuhan dan jasa pemecah, muat dan angkut diakui ketika jasa diberikan.
Revenue from port, crushing, loading and barging services are recognized when services are rendered.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
p.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Pendapatan bunga dan beban bunga dari instrumen keuangan diakui dalam laporan laba rugi komprehensif secara akrual menggunakan metode suku bunga efektif.
Interest income and interest expense for all financial instruments are recognized in the statements of comprehensive income on accrual basis using the effective interest rate method.
Jika aset keuangan atau kelompok aset keuangan dalam kategori pinjaman diberikan dan piutang mengalami penurunan nilai, maka pendapatan bunga yang diperoleh setelah pengakuan penurunan nilai tersebut diakui berdasarkan suku bunga yang digunakan untuk mendiskontokan arus kas masa depan pada saat perhitungan penurunan nilai.
If a financial asset or group of similar financial assets in the category classified as loans and receivables are impaired, the interest income earned after the impairment loss is recognized based on the interest rate used for discounting future cash flows in calculating impairment losses.
Beban diakui pada saat terjadinya (accrual basis).
Expenses are recognized when these are incurred (accrual basis).
Biaya transaksi yang terjadi dan dapat diatribusikan secara langsung terhadap perolehan atau penerbitan instrumen keuangan yang tidak diukur pada nilai wajar melalui laporan laba rugi diamortisasi sepanjang umur instrumen keuangan menggunakan metode suku bunga efektif dan dicatat sebagai bagian dari pendapatan bunga untuk biaya transaksi terkait aset keuangan dan sebagai bagian dari beban bunga untuk biaya transaksi terkait liabilitas keuangan.
Transaction costs incurred that are directly attributable to acquisition or issuance of financial instruments not measured at FVPL are amortized over the life of the financial instruments using the effective interest rate method and recorded as part of interest income for transaction costs related to financial assets or interest expense for transaction costs related to financial liabilities.
Imbalan Kerja
p.
Employment Benefits
Liabilitas Imbalan Kerja Jangka Pendek
Short-term Employee Benefits Liability
Imbalan kerja jangka pendek merupakan upah, gaji, bonus dan iuran jaminan sosial. Imbalan kerja jangka pendek diakui sebesar jumlah yang tak-terdiskonto sebagai liabilitas pada laporan posisi keuangan setelah dikurangi dengan jumlah yang telah dibayar dan sebagai beban pada laporan laba rugi komprehensif tahun berjalan.
Short-term employee benefits are in the form of wages, salaries, bonuses and social security (Jamsostek) contribution. Shortterm employee benefits are recognized at its undiscounted amount as a liability, after deducting any amount already paid, in the statement of financial position and as an expense in the statement of comprehensive income.
- 38 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
q.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Liabilitas Imbalan Kerja Jangka Panjang
Long-term Employee Benefits Liability
Liabilitas imbalan kerja jangka panjang merupakan imbalan pasca-kerja manfaat pasti yang dibentuk tanpa pendanaan khusus dan didasarkan pada masa kerja dan jumlah penghasilan karyawan saat pensiun. Metode penilaian aktuarial yang digunakan untuk menentukan nilai kini liabilitas imbalan pasti, beban jasa kini yang terkait dan beban jasa lalu adalah metode Projected Unit Credit. Beban jasa kini, beban bunga, beban jasa lalu yang telah menjadi hak karyawan dan dampak kurtailmen atau penyelesaian (jika ada) diakui pada laporan laba rugi komprehensif tahun berjalan. Beban jasa lalu yang belum menjadi hak karyawan dan keuntungan atau kerugian aktuarial yang timbul dari penyesuaian atau perubahan asumsi aktuarial yang melebihi batas koridor atau lebih besar daripada 10% dari nilai kini imbalan pasti dibebankan atau dikreditkan ke komponen laba rugi selama jangka waktu rata-rata sisa masa kerja karyawan, sampai imbalan tersebut menjadi hak karyawan (vested).
Long-term employment benefits liability repesents post-employment benefits, unfunded defined-benefit plans which amounts are determined based on years of service and salaries of the employees at the time of pension. The actuarial valuation method used to determine the present value of defined-benefit liability, related current service costs and past service costs is the Projected Unit Credit. Current service costs, interest costs, vested past service costs and effects of curtailments and settlements (if any) are charged directly to current operations. Past service costs which are not yet vested and actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions in excess of the corridor or greater of 10% of the present value of the defined benefit obligation are charged or credited to profit or loss over the employees expected average remaining working lives, until the benefits become vested.
Pajak Penghasilan
q.
Income Tax
Beban pajak kini ditentukan berdasarkan laba kena pajak dalam periode yang bersangkutan yang dihitung berdasarkan tarif pajak yang berlaku.
Current tax expense is determined based on the taxable income for the period computed using prevailing tax rates.
Entitas melakukan saling hapus atas aset pajak kini dan liabilitas pajak kini jika dan hanya jika: (a) entitas memiliki hak secara hukum untuk melakukan saling hapus jumlah yang diakui; dan (b)berniat untuk menyelesaikan dengan dasar neto, atau merealisasikan aset dan menyelesaikan liabilitas secara bersamaan.
Current tax assets and current tax liabilities are offset on the statement of financial position only if: (a) the entity has the legal right and (b) the intention to settle on a net basis.
Aset dan liabilitas pajak tangguhan diakui atas konsekuensi pajak periode mendatang yang timbul dari perbedaan jumlah tercatat aset dan liabilitas menurut laporan keuangan dengan dasar pengenaan pajak aset dan liabilitas. Liabilitas pajak tangguhan diakui untuk semua perbedaan temporer kena pajak dan aset pajak tangguhan diakui untuk perbedaan temporer yang boleh dikurangkan dan saldo rugi fiskal yang belum dikompensasi, sepanjang besar kemungkinan dapat dimanfaatkan untuk mengurangi laba kena pajak pada masa datang.
Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax liabilities are recognized for all taxable temporary differences and deferred tax assets are recognized for deductible temporary differences and carry forward tax benefit of any unused fiscal losses to the extent that it is probable that taxable income will be available in future periods against which the deductible temporary differences and carry forward tax benefit of any unused fiscal losses can be utilized.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
r.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Pajak tangguhan diukur dengan menggunakan tarif pajak yang berlaku atau secara substansial telah berlaku pada tanggal laporan posisi keuangan. Pajak tangguhan dibebankan atau dikreditkan dalam laporan laba rugi komprehensif, kecuali pajak tangguhan yang dibebankan atau dikreditkan langsung ke ekuitas.
Deferred tax is calculated at the tax rates that have been enacted or substantively enacted at the statement of financial position date. Deferred tax is charged to or credited in the statement of comprehensive income, except when it relates to items charged to or credited directly to equity, in which case the deferred tax is also charged to or credited directly to equity.
Aset dan liabilitas pajak tangguhan disajikan di laporan posisi keuangan atas dasar kompensasi sesuai dengan penyajian aset dan liabilitas pajak kini.
Deferred tax assets and liabilities are offset in the statements of financial position in the same manner the current tax assets and liabilities are presented.
Entitas melakukan saling hapus aset pajak tangguhan dan liabilitas pajak tangguhan jika dan hanya jika: (a) entitas memiliki hak secara hukum untuk saling hapus aset pajak kini terhadap liabilitas pajak kini; dan (b) aset pajak tangguhan dan liabilitas pajak tangguhan terkait dengan pajak penghasilan yang dikenakan olehotoritas perpajakan atas entitas kena pajak yang sama; atau entitas kena pajak berbeda yang bermaksud untuk memulihkan aset dan liabilitas pajak kini dengan dasar neto, atau merealisasikan aset dan menyelesaikan liabilitas secara bersamaan, pada setiap periode masa depan yang mana jumlah signifikan atas aset atau liabilitas pajak tangguhan diharapkan diselesaikan atau dipulihkan.
Deferred tax assets and deferred tax liabilities are offset on the statement of financial position only if: (a) the entity has the legal right to settle on a net basis (b) and they are levied by the same taxing authority on the same entity or different taxable entities which intend either settle current tax liabilities and assets on a net basis, or to realize the asset and settle the liabilities simultaneously, in each future period in which significant amount of deffered taxes liabilities or asset are expected to be settled or recovered.
Perubahan liabilitas pajak dicatat ketika Surat Ketetapan Pajak telah diterima atau jika banding diajukan oleh Perusahaan, maka liabilitas pajak akan dicatat pada saat hasil banding telah ditentukan.
Amendments to tax obligations are recorded when an assessment is received or, if appealed against by the Company, when the result of the appeal is determined.
Laba per Saham
r.
Earnings Per Share Basic earnings per dividing net income the Company by number of shares year.
Laba per saham dasar dihitung dengan membagi laba bersih yang dapat diatribusikan kepada pemilik entitas induk dengan jumlah rata-rata tertimbang saham yang beredar pada tahun yang bersangkutan.
- 40 -
share are computed by attributable to owners of the weighted average outstanding during the
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan) s.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 2.
Informasi Segmen
Summary of Significant Accounting and Financial Reporting Policies (Continued) s.
Informasi segmen disusun sesuai dengan kebijakan akuntansi yang dianut dalam penyusunan dan penyajian laporan keuangan.
Segment information is prepared using the accounting policies adopted for preparing and presenting the financial statements.
Segmen operasi diidentifikasi berdasarkan laporan internal atas komponen-komponen Perusahaan yang secara berkala dilaporkan kepada pengambil keputusan operasional dalam rangka alokasi sumber daya ke dalam segmen dan penilaian kinerja Perusahaan.
Operating segments are identified on the basis of internal reports about components of the Company that are regularly reviewed by the chief operating decision maker in order to allocate resources to the segments and to assess their performances.
Segmen operasi adalah suatu komponen dari entitas:
An operating segment is a component of an entity:
a.
Yang terlibat dalam aktivitas bisnis yang memperoleh pendapatan dan menimbulkan beban (termasuk pendapatan dan beban terkait dengan transaksi dengan komponen lain dari entitas yang sama);
a.
That engages in business activities which it may earn revenue and incur expenses (including revenue and expenses relating to the transaction with other components of the same entity);
b.
Hasil operasinya dikaji ulang secara reguler oleh pengambil keputusan operasional untuk membuat keputusan tentang sumber daya yang dialokasikan pada segmen tersebut dan menilai kinerjanya; dan
b.
Whose operating results are reviewed regularly by the entity’s chief operating decision maker to make decision about resources to be allocated to the segments and assess its performance; and
c.
Tersedia informasi keuangan yang dapat dipisahkan.
c.
For which discrete financial information is available.
Information reported to the chief operating decision maker for the purpose of resources allocation and assessment of its performance is more specifically focused on the category of each product, which is similar to the business segment information reported in the prior period.
Informasi yang dilaporkan kepada pengambil keputusan operasional untuk tujuan alokasi sumber daya dan penilaian kinerjanya lebih difokuskan pada kategori masing-masing produk, yang mana serupa dengan segmen usaha yang dilaporkan pada periode-periode terdahulu. t.
Segment Information
Provisi
t.
Provisions
Umum
General
Provisi diakui jika Perusahaan mempunyai kewajiban kini (hukum maupun konstruktif) sebagai akibat peristiwa masa lalu, yang memungkinkan Perusahaan harus menyelesaikan kewajiban tersebut dan estimasi yang andal mengenai jumlah kewajiban tersebut dapat dibuat.
Provisions are recognized when the Company has present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 2.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
Jumlah yang diakui sebagai provisi adalah hasil estimasi terbaik pengeluaran yang diperlukan untuk menyelesaikan kewajiban kini pada tanggal pelaporan, dengan mempertimbangkan risiko dan ketidakpastian terkait kewajiban tersebut. Ketika provisi diukur menggunakan estimasi arus kas untuk menyelesaikan kewajiban kini, maka nilai tercatat provisi adalah nilai kini arus kas tersebut.
The amount recognized as a provision is the best estimate of the consideration required to settle the obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.
Jika sebagian atau seluruh pengeluaran untuk menyelesaikan provisi diganti oleh pihak ketiga, maka penggantian itu diakui hanya pada saat timbul keyakinan bahwa penggantian pasti akan diterima dan jumlah penggantian dapat diukur dengan andal.
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Pengeluaran Reklamasi
Environmental Expenditures
Biaya
Lingkungan
untuk
and
Reclamation
Operasional Perusahaan saat ini dan di masa depan terpengaruh dari waktu ke waktu oleh perubahan regulasi tentang lingkungan. Kebijakan Perusahaan adalah untuk memenuhi dan bila memungkinkan melebihi persyaratan yang ditentukan oleh regulasi yang dikeluarkan Pemerintah dengan menggunakan aplikasi yang terbukti secara teknis dan ekonomis dapat dilakukan.
The operations of the Companyhad been, and may in the future be, affected from time to time to varying degrees by changes in environmental regulations. The Company’s policy is to meet or, if possible, surpass the requirements of all applicable regulations issued by the Government by application of technically proven and economically feasible measures.
Biaya-biaya yang terkait dengan program reklamasi dan lingkungan yang berjalan dibebankan ke laporan laba rugi komprehensif saat terjadi atau dikapitalisasi dan disusutkan berdasarkan manfaat ekonomis di masa depan. Restorasi, rehabilitasi dan biaya lingkungan yang terjadi saat tahap operasi produksi dibebankan sebagai bagian dari biaya produksi. Cadangan jaminan reklamasi telah disusun sesuai dengan persyaratan Pemerintah Indonesia.
Expenditures that relate to ongoing environmental and reclamation programs are charged to the statement of comprehensive income as incurred, or capitalized and depreciated depending on their future economic benefits. Restoration, rehabilitation and environmental expenditures to be incurred during the production phase of operations are charged as part of the cost of production. A reclamation guarantee reserve has also been set up in accordance with applicable Government requirements in Indonesia.
- 42 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 2.
Ikhtisar Kebijakan Akuntansi dan Pelaporan Keuangan Penting (Lanjutan)
u.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 2.
Untuk masalah lingkungan yang mungkin tidak memerlukan penghentian suatu aset, dimana Perusahaan merupakan pihak yang bertanggung jawab dan ditentukan bahwa ada liabilitas dan jumlahnya dapat ditentukan, maka Perusahaan mencatat akrual untuk liabilitas estimasi. Dalam menentukan apakah terdapat liabilitas sehubungan dengan masalah lingkungan, maka Perusahaan menerapkan kriteria pengakuan liabilitas berdasarkan standar akuntansi yang berlaku.
For environmental issues that may not involve the retirement of an asset, where the Company is a responsible party and it is determined that a liability exists and amounts can be quantified, the Company accrues for the estimated liability. In determining whether a liability exists in respect of such environmental issues, the Company applies the criteria for liability recognition under applicable accounting standards.
Beban murabahah diakui selama periode akad berdasarkan konsep akrual. Beban murabahah tangguhan diamortisasi secara proporsional dengan porsi utang murabahah. Beban murabahah tangguhan disajikan sebagai pengurang utang murabahah.
Murabahah expense is recognized over the period of the agreement based on accrual basis. Deferred murabahah charges are amortized proportionately with the portion of murabahah loan. Deferred murabahah chargesare presented as deduction from murabahah loan.
Peristiwa Setelah Periode Pelaporan
u.
Penggunaan Estimasi, Asumsi Manajemen
Pertimbangan
dan
Events After the Reporting Period Post year-end events that provide additional information about the statement of financial position at the reporting date (adjusting events), if any, are reflected in the financial statements. Post year-end events that are not adjusting events are disclosed in the notes to financial statements when material.
Peristiwa-peristiwa yang terjadi setelah periode pelaporan berjalan yang menyediakan tambahan informasi mengenai posisi keuangan Perusahaan pada tanggal laporan posisi keuangan (peristiwa penyesuai), jika ada, telah tercermin dalam laporan keuangan. Peristiwa-peristiwa yang terjadi setelah periode pelaporan yang tidak memerlukan penyesuaian (peristiwa non-penyesuai), apabila jumlahnya material, telah diungkapkan dalam laporan keuangan.
3.
Summary of Significant Accounting and Financial Reporting Policies (Continued)
3.
Management Use of Estimates, Judgments and Assumptions In the application of the Company’s accounting policies, which are described in Note 2 to the financial statements, management is required to make estimates, judgments and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on historical experience and other factors that are considered to be relevant.
Dalam penerapan kebijakan akuntansi Perusahaan, seperti yang diungkapkan dalam Catatan 2 pada laporan keuangan, manajemen harus membuat estimasi, pertimbangan dan asumsi atas nilai tercatat aset dan liabilitas yang tidak tersedia oleh sumber-sumber lain. Estimasi dan asumsi tersebut, berdasarkan pengalaman historis dan faktor lain yang dipertimbangkan relevan.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 3.
Penggunaan Estimasi, Pertimbangan Asumsi Manajemen (Lanjutan)
dan
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 3.
Management Use of Estimates, Judgments and Assumptions (Continued)
Manajemen berkeyakinan bahwa pengungkapan berikut telah mencakup ikhtisar estimasi, pertimbangan dan asumsi signifikan yang dibuat oleh manajemen, yang berpengaruh terhadap jumlah-jumlah yang dilaporkan serta pengungkapan dalam laporan keuangan.
Management believes that the following represent a summary of the significant estimates, judgments and assumptions made that affected certain reported amounts of and disclosures in the financial statements.
Pertimbangan
Judgments
Pertimbangan-pertimbangan berikut dibuat oleh manajemen dalam proses penerapan kebijakan akuntansi Perusahaan yang memiliki dampak yang paling signifikan terhadap jumlah-jumlah yang diakui dalam laporan keuangan:
The following judgments are made by management in the process of applying the Company’s accounting policies that have the most significant effects on the amounts recognized in the financial statements:
a.
a.
Klasifikasi Aset Keuangan dan Liabilitas Keuangan
c.
of
Financial
Assets
and
The Company determines the classifications of certain assets and liabilities as financial assets and liabilities by judging if they meet the definition set forth in PSAK No. 55. Accordingly, the financial assets and liabilities are accounted for in accordance with the Company’s accounting policies disclosed in Note 2h.
Perusahaan menentukan klasifikasi aset dan liabilitas tertentu sebagai aset keuangan dan liabilitas keuangan dengan menilai apakah aset dan liabilitas tersebut memenuhi definisi yang ditetapkan dalam PSAK No. 55. Aset keuangan dan liabilitas keuangan dicatat sesuai dengan kebijakan akuntansi Perusahaan sebagaimana diungkapkan dalam Catatan 2h. b.
Classification Liabilities
b.
Mata Uang Fungsional
Functional Currency
Dalam proses penerapan kebijakan akuntansi Perusahaan, manajemen telah membuat pertimbangan untuk menentukan mata uang fungsional.
In the process of applying the Company’s accounting policies, management has made judgment on the determination of functional currency.
Mata uang fungsional Perusahaan adalah mata uang lingkungan ekonomi utama Perusahaan beroperasi. Mata uang tersebut adalah yang paling mempengaruhi harga jual barang dan jasa dan mata uang dari negara yang kekuatan persaingan dan peraturannya sebagian besar menentukan harga jual barang dan jasa dan merupakan mata uang yang mana dana dari aktivitas pendanaan dihasilkan.
The functional currency of the Company is the currency of the primary economic environment in which the Company operates. It is the currency, among others, that mainly influences sales prices for goods and services and of the country whose competitive forces and regulations mainly determine the sales prices of its goods and services and the currency in which funds from financing activities are generated. c.
Cadangan Kerugian Penurunan Nilai Aset Keuangan
Allowance Assets
for
Impairment
of
Financial
The Company assesses specifically at each statement of financial position date whether there is objective evidence that a financial asset is impaired (uncollectible).
Pada setiap tanggal laporan posisi keuangan Perusahaan secara spesifik menelaah apakah telah terdapat bukti obyektif bahwa suatu aset keuangan telah mengalami penurunan nilai (tidak tertagih).
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 3.
Penggunaan Estimasi, Pertimbangan Asumsi Manajemen (Lanjutan)
d.
e.
dan
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 3.
Management Use of Estimates, Judgments and Assumptions (Continued)
Cadangan yang dibentuk adalah berdasarkan pengalaman penagihan masa lalu dan faktor-faktor lainnya yang mungkin mempengaruhi kolektibilitas, antara lain kemungkinan kesulitan likuiditas atau kesulitan keuangan yang signifikan yang dialami oleh debitur atau penundaan pembayaran yang signifikan.
The level of allowance is based on past collection experience and other factors that may affect collectability such as the probability of insolvency or significant financial difficulties of the debtors or significant delay in payments.
Jika terdapat bukti obyektif penurunan nilai, maka saat dan besaran jumlah yang dapat ditagih diestimasi berdasarkan pengalaman kerugian masa lalu. Cadangan kerugian penurunan nilai dibentuk atas akun-akun yang diidentifikasi secara spesifik telah mengalami penurunan nilai. Suatu evaluasi atas piutang, yang bertujuan untuk mengidentifikasi jumlah cadangan yang harus dibentuk, dilakukan secara berkala sepanjang tahun. Oleh karena itu, saat dan besaran jumlah Cadangan kerugian penurunan nilai yang tercatat pada setiap periode dapat berbeda tergantung pada pertimbangan dan estimasi yang digunakan.
If there is an objective evidence of impairment, timing and collectible amounts are estimated based on historical loss data. Allowance for doubtful accounts is provided on accounts specifically identified as impaired. Written off loans and receivables are based on management’s decisions that the financial assets are uncollectible or cannot be realized in whatsoever actions have been taken. Evaluation of receivables to determine the total allowance to be provided is performed periodically during the year. Therefore, the timing and amount of Allowance for doubtful accounts recorded at each period might differ based on the judgments and estimates that have been used. d.
Komitmen Sewa
Lease Commitments
Komitmen sewa operasi - Perusahaan sebagai lessee
Operating lease commitments Company as lessee
Perusahaan telah menandatangani perjanjian sewa ruangan. Perusahaan menentukan bahwa sewa tersebut adalah sewa operasi, karena Perusahaan tidak menanggung secara signifikan seluruh risiko dan manfaat dari kepemilikan asetaset tersebut.
The Company has entered into lease agreements for commercial spaces. The Company has determined that these are operating leases since the Company does not bear substantially all the significant risks and rewards of ownership of the related assets. e.
Pajak Penghasilan
-
the
Income Taxes Significant judgment is required in determining the provision for income taxes. There are many transactions and calculations for which the ultimate tax determination is uncertain. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will have an impact on the current and deferred income tax assets and liabilities in the period in which such determination is made.
Pertimbangan yang signifikan dibutuhkan untuk menentukan jumlah pajak penghasilan. Terdapat banyak transaksi dan perhitungan yang mengakibatkan ketidakpastian penentuan jumlah pajak penghasilan. Jika hasil pemeriksaan pajak berbeda dengan jumlah yang sebelumnya telah dibukukan, maka selisih tersebut akan berdampak terhadap aset dan liabilitas pajak kini dan tangguhan dalam periode dimana hasil pemeriksaan tersebut terjadi.
- 45 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 3.
Penggunaan Estimasi, Pertimbangan Asumsi Manajemen (Lanjutan)
dan
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 3.
Management Use of Estimates, Judgments and Assumptions (Continued)
Estimasi dan Asumsi
Estimates and Assumptions
Asumsi utama mengenai masa depan dan sumber utama lain dalam mengestimasi ketidakpastian pada tanggal pelaporan yang mempunyai risiko signifikan yang dapat menyebabkan penyesuaian material terhadap nilai tercatat aset dan liabilitas dalam periode berikutnya diungkapkan di bawah ini.
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are disclosed below.
Perusahaan mendasarkan asumsi dan estimasi pada parameter yang tersedia saat laporan keuangan disusun. Kondisi yang ada dan asumsi mengenai perkembangan masa depan dapat berubah karena perubahan situasi pasar yang berada di luar kendali Perusahaan. Perubahan tersebut tercermin dalam asumsi ketika keadaan tersebut terjadi:
The Company based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments may change due to market changes on circumstances arising beyond the control of the Perusahaan. Such changes are reflected in the assumptions when they occur:
a.
a.
b.
Nilai Wajar Aset Keuangan dan Liabilitas Keuangan
Fair Value of Financial Assets and Financial Liabilities
Standar Akuntansi Keuangan di Indonesia mensyaratkan pengukuran aset keuangan dan liabilitas keuangan tertentu pada nilai wajarnya, dan penyajian ini mengharuskan penggunaan estimasi. Komponen pengukuran nilai wajar yang signifikan ditentukan berdasarkan bukti-bukti obyektif yang dapat diverifikasi (seperti nilai tukar, suku bunga), sedangkan saat dan besaran perubahan nilai wajar dapat menjadi berbeda karena penggunaan metode penilaian yang berbeda.
Indonesian Financial Accounting Standards require measurement of certain financial assets and liabilities at fair values, and the disclosure requires the use of estimates. Significant component of fair value measurement is determined based on verifiable objective evidence (i.e. foreign exchange rate, interest rate), while timing and amount of changes in fair value might differ due to different valuation method used.
Nilai wajar aset keuangan dan liabilitas keuangan diungkapkan pada Catatan 19.
The fair value of financial assets and liabilities are set out in Note 19. b.
Cadangan Kerugian Penurunan Nilai Persediaan dan Cadangan Persediaan Usang
Allowance for Obsolescence and Decline in Value of Inventories The Company provides allowance for decline in value of inventories based on its estimation that there will be no future usage of such inventories or such inventories will be slow moving in the future. While it is believed that the assumptions used in the estimation of the allowance for decline in the value of inventories reflected in the financial statements are appropriate and reasonable, significant changes in these assumptions may materially affect the assessment of the carrying value of the inventories and provision for decline in value of inventories expense, which ultimately impact the result of the Company’s operations.
Perusahaan membentuk cadangan kerugian penurunan nilai persediaan berdasarkan estimasi bahwa tidak terdapat penggunaan masa depan dari persediaan tersebut, atau terdapat kemungkinan persediaan tersebut menjadi usang. Manajemen berkeyakinan bahwa asumsiasumsi yang digunakan dalam estimasi cadangan kerugian penurunan nilai persediaan dalam laporan keuangan adalah tepat dan wajar, namun demikian, perubahan signifikan dalam asumsi-asumsi tersebut dapat berdampak signifikan terhadap nilai tercatat persediaan dan jumlah beban cadangan penurunan nilai persediaan, yang akhirnya akan berdampak pada hasil operasi Perusahaan.
- 46 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 3.
Penggunaan Estimasi, Pertimbangan Asumsi Manajemen (Lanjutan)
dan
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 3.
Management Use of Estimates, Judgments and Assumptions (Continued) The net carrying values of inventories as of December 31, 2013 and 2012 is disclosed in Note 8.
Nilai tercatat bersih persediaan pada tanggal 31 Desember 2013 dan 2012 diungkapkan pada Catatan 8. c.
c.
Estimasi Masa Manfaat Aset Tetap
Estimated Useful Lives of Property and Equipment
Masa manfaat aset tetap tertentu Perusahaan diestimasi berdasarkan jangka waktu aset tersebut diharapkan tersedia untuk digunakan. Estimasi tersebut didasarkan pada penilaian kolektif berdasarkan bidang usaha yang sama, evaluasi teknis internal dan pengalaman dengan aset sejenis. Estimasi masa manfaat setiap aset ditelaah secara berkala dan diperbarui jika estimasi berbeda dari perkiraan sebelumnya yang disebabkan karena pemakaian, usang secara teknis atau komersial serta keterbatasan hak atau pembatasan lainnya terhadap penggunaan aset. Dengan demikian, hasil operasi di masa mendatang mungkin dapat terpengaruh secara signifikan oleh perubahan dalam jumlah dan waktu terjadinya biaya karena perubahan yang disebabkan oleh faktor-faktor yang disebutkan di atas. Penurunan estimasi masa manfaat ekonomis setiap aset tetap dan properti investasi akan menyebabkan kenaikan beban penyusutan dan penurunan nilai tercatat aset-aset tersebut.
The useful lives of property and equipment of the Company are estimated based on the period over which the asset is expected to be available for use. Such estimation is based on a collective assessment of similar business, internal technical evaluation and experience with similar assets. The estimated useful life of each asset is reviewed periodically and updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the asset. It is possible, however, that future results of operations could be materially affected by changes in the amounts and timing of recorded expenses brought about by changes in the factors mentioned above. A reduction in the estimated useful life of any item of property and equipment and investment properties would increase the recorded depreciation and decrease the carrying values of these assets.
Tidak terdapat perubahan dalam estimasi masa manfaat aset tetap selama periode berjalan. Estimasi masa manfaat aset tetap diungkapkan pada Catatan 2k.
There is no change in the estimated useful lives of property and equipment during the period. The estimated useful lives of property and equipment are disclosed in Note 2k.
Nilai tercatat aset tetap pada tanggal 31 Desember 2013 dan 2012 diungkapkan pada Catatan 10.
The carrying values of property and equipment as of December 31, 2013 and 2012 are disclosed in Note 10.
- 47 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 3.
Penggunaan Estimasi, Pertimbangan Asumsi Manajemen (Lanjutan)
d.
e.
dan
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 3.
Management Use of Estimates, Judgments and Assumptions (Continued) d.
Imbalan Pasca-Kerja
Post-employment Benefits
Penentuan liabilitas dan manfaat pascakerja dipengaruhi oleh asumsi tertentu yang digunakan oleh aktuaris dalam menghitung jumlah tersebut. Asumsi-asumsi tersebut dijelaskan dalam Catatan 27 dan mencakup, antara lain, tingkat diskonto dan tingkat kenaikan gaji. Hasil aktual yang berbeda dengan asumsi Perusahaan diakumulasi dan diamortisasi ke masa depan dan oleh karena itu, secara umum berdampak pada beban yang diakui dan liabilitas yang tercatat pada periode-periode mendatang. Manajemen berkeyakinan bahwa asumsi-asumsi yang digunakan adalah tepat dan wajar, namun demikian, perbedaan signifikan pada hasil aktual, atau perubahan signifikan dalam asumsi-asumsi tersebut dapat berdampak signifikan pada jumlah liabilitas imbalan kerja jangka panjang.
The determination of the obligation and post-employment benefits is dependent on the selection of certain assumptions used by actuary in calculating such amounts. Those assumptions are described in Note 27 and include, among others, discount rate and rate of salary increase. Actual results that differ from the Company’s assumptions are accumulated and amortized over future periods and therefore, generally affect the recognized expense and recorded obligation in such future periods. While it is believed that the Company’s assumptions are reasonable and appropriate, significant differences in actual experience or significant changes in assumptions may materially affect the amount of long-term employee benefits liability.
Pada tanggal 31 Desember 2013 dan 2012, liabilitas imbalan kerja jangka panjang diungkapkan pada Catatan 27.
As of December 31, 2013 and 2012, the amount long-term employee benefits liability is set out in Note 27. e.
Penurunan Nilai Aset Non-Keuangan
Impairment of Non-Financial Assets
Penelaahan atas penurunan nilai dilakukan apabila terdapat indikasi penurunan nilai aset tertentu. Penentuan nilai wajar aset membutuhkan estimasi arus kas yang diharapkan akan dihasilkan dari pemakaian berkelanjutan dan pelepasan akhir atas aset tersebut. Perubahan signifikan dalam asumsi-asumsi yang digunakan untuk menentukan nilai wajar dapat berdampak signifikan pada nilai terpulihkan dan jumlah kerugian penurunan nilai yang terjadi mungkin berdampak material pada hasil operasi Perusahaan.
Impairment review is performed when certain impairment indicators are present. Determining the fair value of assets requires the estimation of cash flows expected to be generated from the continued use and ultimate disposition of such assets. Any significant changes in the assumptions used in determining the fair value may materially affect the assessment of recoverable values and any resulting impairment loss could have a material impact on results of operations.
Nilai tercatat aset tetap dan biaya eksplorasi yang ditangguhkan pada tanggal 31 Desember 2013 dan 2012 masingmasing diungkapkan pada Catatan 11 dan 12.
The carrying values of property and equipment and deferred exploration costs as of December 31, 2013 and 2012 are set out in Notes 11 and 12, respectively.
- 48 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 3.
Penggunaan Estimasi, Pertimbangan Asumsi Manajemen (Lanjutan)
f.
g.
dan
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 3.
Management Use of Estimates, Judgments and Assumptions (Continued) f.
Biaya Eksplorasi Tangguhan
Deferral of Exploration Costs
Penerapan kebijakan Perusahaan atas biaya eksplorasi membutuhkan pertimbangan dalam menentukan apakah akan ada manfaat ekonomis di masa depan yang dihasilkan dari eksploitasi atau penjualan di masa depan atau saat dimana aktivitas-aktivitas belum mencapai tahap yang membutuhkan penilaian yang andal akan keberadaan dari cadangan. Penentuan cadangan dan sumber daya merupakan suatu proses estimasi yang membutuhkan berbagai tingkatan ketidakpastian sesuai dengan subklasifikasi dan estimasi ini secara langsung mempengaruhi penangguhan dari biaya eksplorasi. Kebijakan penangguhan mengharuskan manajemen untuk membuat estimasi dan asumsi tertentu tentang peristiwa atau kejadian di masa depan, terutama mengenai kemungkinan terciptanya kegiatan operasional yang ekonomis. Estimasi dan asumsi yang telah dibuat dapat berubah apabila terdapat informasi baru yang tersedia. Jika, setelah biaya dikapitalisasi, informasi baru yang tersedia menunjukkan bahwa pemulihan dari biaya tidak mungkin terjadi, maka jumlah yang sudah dikapitalisasi dihapus dan dibebankan ke laporan laba rugi komprehensif pada periode dimana informasi baru tersebut tersedia.
The application of the Company’s accounting policy for exploration costs requires judgment in determining whether it is likely that future economic benefits can be recovered eitherfrom future exploitation or sale or where activities have not reached a stage which permits a reasonable assessment of the existence of reserves. The determination of ore reserves and resource is itself an estimation process that requires varying degrees of uncertainty depending on sub-classification and these estimates directly impact the point of deferral of exploration costs. The deferral policy requires management to make certain estimates and assumptions about future events or circumstances, in particular whether an economically viable extraction operation can be established. Estimates and assumptions made may change if new information becomes available. If, after expenditure is capitalized, information becomes available suggesting that the recovery of expenditure is unlikely, the amount capitalized is written off in the statement of comprehensive income in the period when the new information becomes available.
Nilai tercatat biaya eksplorasi tangguhan pada tanggal 31 Desember 2013 dan 2012 diungkapkan pada Catatan 12.
The carrying value of deferred exploration costs as of December 31, 2013 and 2012 is disclosed in Note 12.
g.
Aset Pajak Tangguhan
Deferred Tax Asset Deferred tax assets are recognized for all temporary differences between the financial statements’ carrying amounts of existing assets and liabilities and their respective taxes bases to the extent that it is probable that taxable profit will be available against which the temporary differences can be utilized. Significant management estimates are required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. As of December 31, 2013 and 2012, the carrying values of deferred tax assets are set outin Note 28.
Aset pajak tangguhan diakui untuk semua perbedaan temporer antara nilai tercatat aset dan liabilitas pada laporan keuangan dengan dasar pengenaan pajak jika besar kemungkinan bahwa jumlah laba fiscal akan memadai untuk pemanfaatan perbedaan temporer yang diakui. Estimasi manajemen yang signifikan diperlukan untuk menentukan jumlah aset pajak tangguhan yang diakui berdasarkan kemungkinan waktu terealisasinya dan jumlah laba kena pajak pada masa mendatang serta strategi perencanaan pajak masa depan. Pada tanggal dan 31 Desember 2013 dan 2012, saldo aset pajak tangguhan diungkapkan pada Catatan 28.
- 49 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 3.
Penggunaan Estimasi, Pertimbangan Asumsi Manajemen (Lanjutan)
h.
dan
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 3.
h.
Cadangan Biaya Reklamasi
Akuisisi Entitas Anak
Reclamation Cost Reserve The Company assesses its reclamation cost reserve annually. The Company’spolicy is to meet or, if possible, surpass the requirements of all applicable regulations issued by the Government by application of technically proven and economically feasible measures.
Perusahaan mengevaluasi jumlah cadangan biaya reklamasi setiap tahun. Kebijakan Perusahaan adalah untuk memenuhi dan bila memungkinkan melebihi persyaratan yang ditentukan oleh regulasi yang dikeluarkan Pemerintah, dengan menggunakan aplikasi yang terbukti secara teknis dan ekonomis dapat dilakukan. 4.
Management Use of Estimates, Judgments and Assumptions (Continued)
4.
Acquisitions Of Subsidiaries
Pada bulan Januari 2013, PT Exploitasi Energi Indonesia (EEI) mengakuisisi PT Energi Batubara Indonesia (“EBI”), yang begerak di bidang Perdagangan, hingga memiliki saham sebesar 99,97%. Dana hasil peningkatan saham tersebut akan digunakan oleh EBI untuk meningkatkan kepemilikan di DGL, TLS, KGB, ABE, dan SRI.
In January 2013, PT Exploitasi Energi Indonesia (“EEI”) acquired PT Energi Batubara Indonesia (“EBI”), which scope of activity in trading, up to 99.97%. EBI will use the fund to increase its ownerships in DGL, TLS, KGB, ABE, dan SRI.
Pada bulan Januari 2013, PT Energi Batubara Indonesia (“EBI”), Entitas anak, meningkatkan kepemilikannya di PT Dwi Guna Laksana (“DGL”), hingga mencapai 81,01%. Dana hasi peningkatan saham tersebut akan digunakan oleh DGL untuk melakukan peningkatan saham di TDGP dan UKB.
In January 2013, PT Energi Batubara Indonesia (“EBI”), a Subsidiary, increase its ownerships in PT Dwi Guna Laksana (“DGL”), up to 81,01%. The fund will be used by DGL to increase its ownerships in TDGP and UKB.
Pada bulan Januari 2013, PT Dwi Guna Laksana (“DGL”), Perusahaan asosiasi, meningkatkan kepemilikannya di PT Truba Dewata Guna Prasada (“TDGP”), hingga mencapai 99,91%.
In January 2013, , PT Dwi Guna Laksana (“DGL”), a Associate company, increase its ownerships in PT Truba Dewata Guna Prasada (“TDGP”), up to 99.91%.
Pada bulan Januari 2013, PT Dwi Guna Laksana (“DGL”), Perusahaan asosiasi, meningkatkan kepemilikannya di PT Usaha Kawan Bersama (“UKB”), hingga mencapai 99,22%.
In January 2013, , PT Dwi Guna Laksana (“DGL”), a Associate company, increase its ownerships in PT PT Usaha Kawan Bersama (“UKB”), up to 99.22%.
Pada bulan Januari 2013, PT Energi Batubara Indonesia (“EBI”), Entitas anak, meningkatkan kepemilikannya di PT Trans Lintas Segara (“TLS”), hingga mencapai 99,99%.
In January 2013, PT Energi Batubara Indonesia (“EBI”), a Subsidiary, increase its ownerships in PT Trans Lintas Segara (“TLS”), up to 99.99%.
Pada bulan Januari 2013, PT Energi Batubara Indonesia (“EBI”), Entitas anak, meningkatkan kepemilikannya di PT Korporindo Guna Bara (“KGB”), hingga mencapai 94,59%.
In January 2013, PT Energi Batubara Indonesia (“EBI”), a Subsidiary, increase its ownerships in PT Korporindo Guna Bara (“KGB”), up to 94.59%.
Pada bulan Januari 2013, PT Energi Batubara Indonesia (“EBI”), Entitas anak, meningkatkan kepemilikannya di PT Abe Jaya Perkasa (“ABE”), hingga mencapai 51,30%.
In January 2013, PT Energi Batubara Indonesia (“EBI”), a Subsidiary, increase its ownerships in PT Abe Jaya Perkasa (“ABE”), up to 51.30%.
Pada bulan Januari 2013, PT Energi Batubara Indonesia (“EBI”), Entitas anak, meningkatkan kepemilikannya di PT Sekti Rahayu Indah (“SRI”), hingga mencapai 51,40%.
In January 2013, PT Energi Batubara Indonesia (“EBI”), a Subsidiary, increase its ownerships in PT Sekti Rahayu Indah (“SRI”), up to 51.40%.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 5.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Kas
5.
31 Desem ber 2013/ December 31, 2013 Kas
Dolar Amerika Serikat PT Bank Mandiri (Persero) Tbk PT Bank Sinarmas Tbk PT Bank Negara Indonesia (Persero) Tbk PT Bank OCBC NISP Tbk PT Bank Internasional Indonesia Tbk PT Bank SBI Indonesia PT Bank Permata Tbk PT Bank DBS Indonesia Jumlah
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
31 Desem ber 2012*)/ December 31, 2012*)
668,100
Bank - pihak ketiga Rupiah PT Bank Internasional Indonesia Tbk. PT Bank Rakyat Indonesia (Persero) Tbk. PT Bank CIMB Niaga Tbk. PT Bank Sinarmas Tbk PT Bank Negara Indonesia (Persero) Tbk. PT Bank Central Asia Tbk. PT Bank Permata Tbk. PT Bank Muamalat Tbk. PT Bank DKI PT Bank Pan Indonesia Tbk PT Bank Danamon Indonesia Tbk. PT Bank Mandiri (Persero) Tbk. PT Bank Hana PT Bank SBI Indonesia PT Bank Mayapada International Tbk. PT Bank OCBC NISP Tbk PT Bank DBS Indonesia Jumlah
Cash
1,720,820,495
26,447
5,817,089
12,802,997
12,544,472
1,957,674 1,236,376 632,055
30,331,424 168,218 -
12,878,548 23,290 -
170,809 51,187 40,708 26,778 18,654 17,626 16,641 7,001 2,715 1,999
423,495 62,310 817,996 26,838 20,629 16,004 14,406 2,390
417,289 62,310 817,996 26,838 7,592 2,390
1,919 1,464 10,000,695
211,631 99,688 44,998,026
211,631 88,764 27,081,120
52,653 29,696
14,176 -
14,176 0
14,761 11,855
43,594 -
43,594 -
9,777 6,437 -
9,387 5,366 226,355 100,395
9,387 5,366 48,508
125,179
399,272
121,031
10,125,874
45,397,298
27,202,151
Deposito berjangka - pihak ketiga Rupiah PT Bank Hana PT Bank Negara Indonesia (Persero) Tbk
150,000,000
-
-
20,000,000
20,000,000
-
Jum lah
180,793,974
1,786,217,793
27,228,598
Jumlah Kas di Bank
Cash on hand Cash in banks - third parties Rupiah PT Bank Internasional Indonesia Tbk. PT Bank Rakyat Indonesia (Persero) Tbk. PT Bank CIMB Niaga Tbk. PT Bank Sinarmas Tbk PT Bank Negara Indonesia (Persero) Tbk. PT Bank Central Asia Tbk. PT Bank Permata Tbk. PT Bank Muamalat Tbk. PT Bank DKI PT Bank Pan Indonesia PT Bank Danamon Indonesia Tbk. PT Bank Mandiri (Persero) Tbk. PT Bank Hana PT Bank SBI Indonesia PT Bank Mayapada International Tbk. PT Bank DBS Indonesia Total U.S. Dollar PT Bank Mandiri (Persero) Tbk PT Bank Sinarmas Tbk PT Bank Negara Indonesia (Persero) Tbk PT Bank OCBC NISP Tbk PT Bank Internasional Indonesia Tbk PT Bank SBI Indonesia PT Bank Permata Tbk PT Bank DBS Indonesia Subtotal Total Cash in Banks Time deposit - third party Rupiah PT Bank Hana PT Bank Negara Indonesia (Persero) Tbk Total
Interest rate per annum:
Suku bunga per tahun:
Bank Bank Rupiah Dolar Amerika Serikat Deposito berjangka Deposito berjangka Rupiah *) Disajikan kembali (Catat
6.
31 Desem ber 2013/ December 31, 2013
31 Desem ber 2012/ December 31, 2012
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
2.00% 1.50%
1.75% 1.50%
1.75% 1.50%
7.50%
-
-
Cash in banks Rupiah U.S. Dollar Time deposit Rupiah
Investasi jangka pendek
6.
Pada bulan Desember 2013, Perusahaan dan Entitas anaknya melakukan penempatan pada produk Mudharabah Muqayyadah di PT Bank Sinarmas-Unit Usaha Syariah sebesar Rp 1.348.621.985. Atas penyertaan tersebut Perusahaan dan Entitas anaknya akan mendapat bagi hasil dengan pembagian 60% untuk Perusahaan dan Entitas anaknya dan 40% untuk penerima dana. Jangka waktu penempatan dana tersebut adalah 12 (dua belas) bulan.
On December 2013, the Company and its Subsidiaries’ funds placed in PT Bank Sinarmas-Unit Usaha Syariah on Mudharabah Muqayyadah Chanelling in PT Bank Sinarmas-Unit Usaha Syariah amounted to Rp 1.348.621.985. Profit sharing of investment between the Company and Subsidiaries with investee will be 60% for the Company and Subsidiaries and 40% for the investee. This investment will be mature in 12 (twelve) months.
- 51 -
Short-term investment
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 7.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Piutang Usaha
7.
Trade Accounts Receivable
Rincian dari piutang usaha adalah sebagai berikut:
The details of trade accounts receivable are as follows:
a.
a.
Berdasarkan Pelanggan 31 Desem ber 2012*)/ December 31, 2012*)
-
-
48,784 48,784
142,424,435 140,807,989 145,333,350 94,804,312 54,005,563 26,922,263 24,086,834 23,845,940 5,276,821 3,756,307 2,630,048 1,322,112 1,097,056 121,000 33,236 945,625
83,245,083 108,548,503 87,339,347 1,332,160 41,959,602 10,660,035 -
30,589,083 42,561,403 87,339,348 35,152,468 10,660,035 -
8,074,958 2,630,048 2,383,066 33,509,939 2,733,295 1,842,140 1,265,789
8,074,958 -
Jumlah Cadangan kerugian penurunan nilai
667,412,891 (4,187,589)
385,523,966 (1,355,027)
214,377,295 (1,355,027)
Jumlah - bersih
663,225,302
384,168,939
213,022,268
663,225,302
384,168,939
213,071,052
31 Desem ber 2013/ December 31, 2013 Pihak berelasi PT Dw i Guna Laksana Pihak ketiga PT Bukit Intan Sedjati International PT Permata Bintang Borneo PT Borneo Inter Aero PT Borneo Guna Laksana PT Prima Energi Multi Trading PT Perseroan Listrik Negara PT Kalimantan Prima Persada PT. Cenko Prima Ferro International PT Indonesia Pow er PT PLN Wilayah KalSelTeng PT Baskara Sinar Sakti PT Mitra Bumi Sejahtera PT Cahaya Marhan Naya PT Mitra Cipta Multi Sukses PT Mitra Hasrat Bersama CV Aneka Niaga Nusantara PT Virema Impex Lainnya (dibaw ah 500juta)
Jum lah
b.
By Customer 1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
Berdasarkan Umur Piutang
b.
Third parties PT Bukit Intan Sedjati International PT Permata Bintang Borneo PT Borneo Inter Aero PT Borneo Guna Laksana PT Prima Energi Multi Trading PT Perseroan Listrik Negara PT Kalimantan Prima Persada PT. Cenko Prima Ferro International PT Indonesia Power PT PLN Wilayah KalSelTeng PT Baskara Sinar Sakti PT Mitra Bumi Sejahtera PT Cahaya Marhan Naya PT. Mitra Cipta Multi Sukses PT. Mitra Hasrat Bersama CV Aneka Niaga Nusantara PT Virema Impex Others Total Allowance for doubtful accounts Total - Net Total
By Aging The aging analysis based on the invoice date is as follows:
Umur piutang berdasarkan tanggal faktur adalah sebagai berikut:
31 De se m ber 2013/ December 31, 2013
Related party PT Dwi Guna Laksana
31 De se m be r 2012*)/ December 31, 2012*)
1 Januari 2012/ 31 Des em be r 2011*)/ Ja nuary 1, 2012 De ce m ber 31, 2011*)
Be rdasark an Um ur (Hari)
Aging
Pihak ketiga Jatuh tempo dan tidak mengalami penurunan nilai 1 - 30 hari 31 - 60 hari 61 - 90 hari Jatuh tempo dan mengalami penurunan nilai > 90 hari Jatuh tempo dan mengalami penurunan nilai Jumlah pihak ketiga Cadangan kerugian penurunan nilai
Third parties
Jum lah *) Proforma
Past due b ut not impaired 1 - 30 days 31 - 60 days 61 - 90 days
73,943,085 43,880,750 111,761,939
21,511,172 148,349,878 172,519,215
183,969,793 21,373,987 -
437,827,117
43,143,701
9,033,515
667,412,891 (4,187,589)
385,523,966 (1,355,027)
214,377,295 (1,355,027)
Past due and impaired Total third parties Allowance for doubtful accounts
663,225,302
384,168,939
213,022,268
Total
- 52 -
Past due and impaired > 90 days
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 7.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Piutang Usaha (Lanjutan)
7.
Trade Accounts Receivable (Continued) The changes in allowance for doubtful accounts are as follows:
Perubahan dalam cadangan kerugian penurunan nilai adalah sebagai berikut:
31 De sem ber 2013/ December 31, 2013
8.
1 Januari 2012/ 31 Des em ber 2011*)/ Janua ry 1, 2012 December 31, 2011*)
31 Dese m ber 2012*)/ December 31, 2012*)
Saldo aw al Penambahan Pemulihan
1,355,027 2,832,562
1,355,027 -
9,314,297 (7,959,270)
Saldo akhir
4,187,589
1,355,027
1,355,027
Beginning balance Provision Recovery Ending ba la nce
Berdasarkan evaluasi manajemen terhadap kolektibilitas saldo masing-masing piutang pada tanggal 31 Desember 2013 dan 2012, manajemen berpendapat bahwa cadangan kerugian penurunan nilai memadai untuk menutup kemungkinan kerugian dari tidak tertagihnya piutang usaha tersebut. Manajemen juga berpendapat bahwa tidak terdapat resiko terkonsentrasi secara signifikan atas piutang usaha.
Based on management’s evaluation of the collectibility of the individual receivable accounts as of December 31, 2013 and 2012, they believe that the allowance for doubtful accounts is adequate to cover possible losses from uncollectible accounts. Management also believes that there is no significant concentration of credit risk in the trade accounts receivable.
Piutang usaha digunakan sebagai jaminan pinjaman yang diperoleh Perusahaan PT Bank Internasional Indonesia Tbk. PT Bank Rakyat Indonesia (Persero) (Catatan 14).
Trade accounts receivable from third parties are pledged as collateral to guarantee payment of loans obtained from PT Bank Internasional Indonesia Tbk. and PT Bank Rakyat Indonesia (Persero)Tbk. (Note 14).
atas dari dan Tbk.
Persediaan
8.
31 Des em be r 2013/ December 31, 2013
Inventories
31 Des em ber 2012*)/ December 31, 2012*)
1 Januari 2012/ 31 Dese m be r 2011*)/ January 1, 2012 Decem ber 31, 2011*)
Persediaan batubara Lain-lain
836,140,097 3,226,245
913,360,823 37,377
561,280,278 -
Coal inventories Others
Jumlah Cadangan persediaan usang dan kerugian penurunan nilai
839,366,342
913,398,200
561,280,278
(11,225,605)
(11,225,605)
Total Allowance for ob solescence and decline in value
Jum lah Te rcatat - Bersih *) Proforma
831,187,596
902,172,595
550,054,673
Ca rrying Va lue - Net
(8,178,746)
The movement in the balance of allowance for obsolescence and decline in value is as follows:
Mutasi cadangan persediaan using dan kerugian penurunan nilai adalah sebagai berikut: 31 Des em ber 2013/ December 31, 2013 Saldo aw al Provisi Pemulihan Saldo akhir
31 Dese m ber 2012*)/ December 31, 2012 *)
31 De sem ber 2012*)/ December 31, 2012 *)
11,225,605 (3,046,859)
11,225,605 -
10,392,285 833,320 -
Beginning balance Provision Recovery
8,178,746
11,225,605
11,225,605
Ending ba lance
- 53 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 8.
9.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Persediaan
8.
Inventories
Berdasarkan hasil penelaahan keadaan persediaan pada akhir periode, manajemen Perusahaan berpendapat bahwa cadangan atas persediaan usang dan kerugian penurunan nilai adalah cukup untuk menutupi kemungkinan kerugian atas persediaan.
The Company's management believes that the allowance for inventory obsolescence and decline in value is adequate to cover possible losses on inventories.
Pada tanggal 31 Desember 2013, persediaan Perusahaan diasuransikan kepada PT Asuransi Wahana Tata, pihak-pihak ketiga, terhadap risiko kebakaran dan risiko lainnya dengan jumlah pertanggungan masing-masing sebesar Rp 600.000.000.
As of December 31, 2013 the Company’s inventories are covered with insurance against losses from fire and other risks with PT Asuransi Wahana Tata, third parties, with insurance coverage amounting to Rp 600.000.000 respectively.
Persediaan digunakan sebagai jaminan pinjaman yang diperoleh Perusahaan PT Bank Internasional Indonesia Tbk. PT Bank Rakyat Indonesia (Persero) (Catatan 14).
The inventories are pledged as collateral for the loans obtained from PT Bank Internasional Indonesia Tbk. and PT Bank Rakyat Indonesia (Persero) Tbk. (Note 14).
atas dari dan Tbk.
Biaya Dibayar Di muka dan Uang Muka
9.
31 Des em ber 2013/ December 31, 2013 Biaya dibayar di muka Uang muka Pihak berelasi Transportasi dan pengangkutan Pihak ketiga Pembelian batu bara Pembelian aset Lain-lain Jumlah - pihak ketiga
Prepaid Expenses and Advanced Payments 1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 De cem ber 31, 2011*)
31 Desem ber 2012*)/ December 31, 2012*)
84,984,885
43,831,706
87,005
-
-
361,221
622,173,563 29,879,937 171,294,491
296,831,646 5,031,121 18,584,684
3,713,055 2,350,000 5,024,449
Prepaid expenses Advanced payments Related party Transportation and freight Third parties Purchases of coal Purchases of assets Others
823,347,991
320,447,450
11,087,504
Total - third parties
Jumlah - uang muka
823,347,991
320,447,450
11,448,725
Total - advanced payments
Jum lah
908,332,876
364,279,156
11,535,730
Total
*) Proforma
As of December 30, 2013, this account represents advance of coal purchase and purchase of assets.
Pada tanggal 31 Desember 2013, akun ini merupakan uang muka untuk pembelian batu bara dan pembelian aset.
- 54 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 10.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Uang Muka Proyek
10.
31 Desem ber 2013/ December 31, 2013
Project Advances 1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
31 Desem ber 2012*)/ December 31, 2012*)
PLTU Tembilahan PLTU Rengat PT Cipta Prima Pow er PT Banua Konstruksi Nusantara
142,684,283 62,638,215 43,075,019 40,000,000
125,693,915 62,638,215 -
125,693,915 62,638,215 -
PLTU Tembilahan PLTU Rengat PT Cipta Prima Power PT Banua Konstruksi Nusantara
Jum lah
288,397,517
188,332,130
188,332,130
Total
*) Proforma
This account represents advances paid to third party contractorsfor the construction of power plant, the construction of port, procurement of materials and soil compaction.
Akun ini terutama merupakan uang muka yang dibayarkan kepada kontraktor pihak ketiga dalam rangka pembangunan pembangkit listrik, pembangunan pelabuhan, pengadaan material dan pengurugan/pemadatan tanah.
11.
Aset Tetap
11.
Property and Equipment
Perubahan se lam a tahun 2013/ Cha nges during 2013 1 Januari 2013/ Janua ry 1, 2013
Penam bahan/ Additi ons
Pengurangan/ Deductions
Re klas ifikasi/ Reclassifica tions
31 De se m ber 2013/ Dece m ber 31, 2013
Biaya perolehan Pemilikan langsung Tanah Prasarana jalan masuk Bangunan PLTU - Pangkalan Bun Dermaga Peralatan produksi Kapal dan tongkang Peralatan kantor Kendaraan Inventaris Aset sew a pembiayaan Mesin dan peralatan Jumlah Aset dalam pembangunan
175,252,253 30,191,830 7,124,319 274,195,540 136,515,457 89,180,566 291,198,732 3,368,818 25,453,341 3,798,355
84,691,776 150,000 26,749,429 572,489 568,900 1,351,833
-
-
175,252,253 30,191,830 7,124,319 274,195,540 221,207,233 89,330,566 317,948,161 3,941,307 26,022,241 5,150,188
637,449 1,036,916,660 26,908,788
114,084,427 124,704,623
-
-
637,449 1,151,001,087 151,613,411
At cost Direct acquisitions Land Infrastructure of entrance road Buildings Steam Power Plant - Pangkalan Bun Dock and jetty Factory equipment Vessels and barge Office equipment Vehicles Furnitures and fixtures Leased assets Machinery and equipment Total Construction in progress
Jum lah
1,063,825,448
238,789,050
-
-
1,302,614,498
Tota l
11,094,357 3,588,244 17,137,221 45,152,022 60,625,581 45,995,597 1,388,848 98,460 16,089,792
1,027,177 370,640 13,709,777 6,825,773 8,235,808 19,623,141 752,061 2,515,889 259,047
-
-
12,121,534 3,958,884 30,846,998 51,977,795 68,861,389 65,618,738 2,140,909 2,614,349 16,348,839
Akumulasi penyusutan Prasarana jalan masuk Bangunan PLTU - Pangkalan Bun Dermaga Peralatan produksi Kapal dan tongkang Inventaris Kendaraan Peralatan kantor Aset sew a pembiayaan Peralatan kantor
509,960
63,745
-
-
573,705
Jum lah
201,680,082
53,383,058
-
-
255,063,140
Nilai Te rcatat
862,145,365
1,047,551,358
- 55 -
Accumulated depreciation Infrastructure of entrance road Buildings Steam Power Plant - Pangkalan Bun Dock and jetty Factory equipment Vessels and barge Furnitures and fixtures Vehicles Office equipment Leased assets Office equipment Tota l Net Book Va lue
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 11.
Aset Tetap (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 11.
Property and Equipment (Continued)
Pe r u bah an s e lam a tah u n 2012*)/ Ch a ng es du r i ng 2012*) 1 Janu ar i 2012/ Ja nu a r y 1, 2012 Biay a perolehan Pemilikan langsung Tanah Pras arana jalan mas uk Bangunan PLTU - Pangkalan Bun Dermaga Peralatan produks i Kapal dan tongkang Peralatan kantor Kendaraan Inv entaris A s et s ew a pembiay aan Mes in dan peralatan Jumlah A s et dalam pembangunan
174,916,528 30,191,830 7,124,319 274,195,540 136,515,457 98,117,033 273,290,288 2,747,185 25,121,250 8,731
Ju m lah A kumulas i peny us utan Pemilikan langsung Pras arana jalan mas uk Bangunan PLTU - Pangkalan Bun Dermaga Peralatan produks i Kapal dan tongkang Inv entaris Kendaraan Peralatan kantor A s et s ew a pembiay aan Mes in dan peralatan
Pe n am b ah an / Ad d i ti o n s
Re k las ifik as i/ Recl a ssi fi ca ti o n s
31 De s e m b e r 2012/ Decem b er 31, 2012
17,912,884 621,633 516,861 3,789,624
8,936,467 4,440 184,770 -
-
175,252,253 30,191,830 7,124,319 274,195,540 136,515,457 89,180,566 291,198,732 3,368,818 25,453,341 3,798,355
637,449 1,022,865,611 10,618,947
23,176,727 6,964,841
9,125,677 -
9,325,000
637,449 1,036,916,660 26,908,788
1,033,484,558
30,141,568
-
9,325,000
1,063,825,448
10,065,197 3,217,604 3,427,444 38,354,349 56,380,860 28,360,627 989,129 8,730 13,587,446
335,725 -
Pe n gu r an g an / D edu cti on s
1,029,160 370,640 13,709,777 6,797,673 8,316,328 17,634,970 399,719 89,730 2,600,505
-
-
-
4,071,607 98,159
11,094,357 3,588,244 17,137,221 45,152,022 60,625,581 45,995,597 1,388,848 98,460 16,089,792
At c ost D irec t ac quis itions Land Infras truc ture of entranc e road Buildings Steam Power Plant - Pangk alan Bun D oc k and jetty F ac tory equipment Ves s els and b arge O ffic e equipment Vehic les F urnitures and fixtures Leas ed as s ets Mac hinery and equipment T otal C ons truc tion in progres s T o ta l Ac c umulated deprec iation D irec t ac quis itions Infras truc ture of entranc e road Buildings Steam Power Plant - Pangk alan Bun D oc k and jetty F ac tory equipment Ves s els and b arge F urnitures and fixtures Vehic les O ffic e equipment Leas ed as s ets Mac hinery and equipment
446,215
63,745
-
-
509,960
Ju m lah
154,837,601
51,012,247
-
4,169,765
201,680,082
T o ta l
Nilai T e r catat
878,646,957
862,145,365
N et B o ok Va l u e
Perubahan selam a tahun 2012/ Changes during 2012 1 Januari 2012/ January 1, 2012
Penam bahan/ Additions
Pengurangan/ Deducti ons
Reklasifikasi/ Reclassi fications
31 Desem ber 2012/ December 31, 2012
Biaya perolehan Pemilikan langsung Aset siap pakai Tanah Prasarana jalan masuk Bangunan Inventaris PLTU - Pangkalan Bun Dermaga Peralatan produksi Pagar lokasi Kendaraan Peralatan kantor Jumlah Aset dalam pembangunan
111,020,755 27,960,092 2,414,950 274,195,540 68,713,550 19,611,464 1,280,000 277,931 413,177 505,887,459 10,318,947
3,789,624 18,650,000 353,295 22,792,919 2,330,677
-
9,325,000
111,020,755 27,960,092 2,414,950 3,789,624 274,195,540 87,363,550 19,611,464 1,280,000 277,931 766,472 528,680,378 3,324,624
At cost Direct acquisitions Ready for use Land Infrastructure of entrance road Buildings Furnitures and fixtures Steam Power Plant - Pangkalan Bun Dock Factory equipment Fence Vehicles Office equipment Total Construction in progress
Jum lah
516,206,406
25,123,596
-
9,325,000
532,005,002
Total
- 56 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 11.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Aset Tetap (Lanjutan)
12.
Property and Equipment (Continued)
Pe rubahan s e lam a tahun 2012/ Cha nges dur i ng 2012 1 Januari 2012/ Ja nua ry 1, 2012 A kumulasi penyusutan aset siap pakai Prasarana jalan masuk Bangunan Inventaris PLTU - Pangkalan Bun Dermaga Peralatan produksi Pagar lokasi Kendaraan Peralatan kantor Jum lah Nilai Te r catat
Pe nam bahan/ Addi ti ons
Pe ngurangan/ Deducti ons
Re k las ifik as i/ Recl a ssi fi ca ti ons
8,424,590 1,357,510 3,427,444 34,356,775 13,820,748 1,278,000 277,931 141,256
931,986 120,747 89,730 13,709,777 3,435,678 1,227,310 2,000 86,338
-
-
63,084,254
19,603,566
-
-
31 De s e m be r 2012/ December 31, 2012
9,356,576 1,478,257 89,730 17,137,221 37,792,453 15,048,058 1,280,000 277,931 227,594 82,687,820
453,122,152
449,317,182
Tota l Net Book Va l ue
Depreciation expense is allocated as follows:
Beban penyusutan dialokasikan sebagai berikut:
31 De sem ber 2013/ December 31, 2013
Accumulated depreciation ready for use Infrastructure of entrance road Buildings Furnitures and fixtures Steam Power Plant - Pangkalan Bun Dock Factory equipment Fence Vehicles O ffice equipment
31 Dese m ber 2012*)/ December 31, 2012 *)
1 Januari 2012/ 31 Dese m ber 2011*)/ 31 Dese m ber 2012*)/ December 31, 2012 *)
Beban pokok pendapatan Beban usaha
41,458,691 11,924,367
41,113,471 9,898,776
14,937,088 4,666,478
Cost of revenue Operating expenses
Jum lah *) Proforma
53,383,058
51,012,247
19,603,566
Total
Reklasifikasi ke aset dalam pembangunan tahun 2012 sebesar Rp 9.325.000 merupakan biaya-biaya yang sebelumnya telah dibayar untuk konstruksi pembangkit listrik Perusahaan dan sebelumnya dicatat sebagai bagian dari “Uang muka proyek”.
Reclassification to construction in progress in 2012 amounting to Rp 9,325,000 represents costs previously paid and recorded as part of “Project advances” for the construction of the Company’s power plants.
Pada tanggal 31 Desember 2013 dan 2012, jumlah tercatat bruto dari setiap aset tetap yang telah disusutkan penuh dan masih digunakan oleh Perusahaan masing-masing sebesar Rp 1.676.437 dan Rp 376.000.
As of December 31, 2013 and 2012, the cost of property and equipment which are fully depreciated and still being used by the Company amounted to Rp 1,676,437 and Rp 376,000, respectively.
Berdasarkan Berita Acara Commercial Operation Date PLTU - Pangkalan Bun No. 0640/EEI/DIR/X/ 2012 tanggal 14 Oktober 2012, bahwa penyelesaian PLTU - Pangkalan Bun telah selesai dan terhitung mulai tanggal tersebut mulai dioperasikan sehingga dilakukan reklasifikasi dari aset dalam pembangunan menjadi aset tetap Perusahaan.
Based on the Minutes of Commercial Operation Date of Steam Power Plant - Pangkalan Bun No. 0640/EEI/DIR/X/2012 dated October 14, 2012, Steam Power Plant Pangkalan Bun has been completed thus, was reclassified from construction in progress to respective property and equipment.
- 57 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 11.
Aset Tetap (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 11.
Property and Equipment (Continued)
Aset dalam pembangunan pada tanggal 31 Desember 2013 sejumlah Rp 151.613.411 merupakan proyek prasarana PLTU Rengat dan PLTU Tembilahan yang belum selesai dengan persentase penyelesaian masing-masing berkisar 10% dan 9% dan estimasi penyelesaian pada akhir tahun 2014. Tertundanya penyelesaian terutama disebabkan oleh negosiasi-negosiasi yang dilakukan antara Perusahaan dengan pihak Pemerintah dan PT PLN (Persero) dan terdapatnya kendalakendala diluar perkiraan Perusahaan seperti adanya perubahan data/spesifikasi engineering, keterlambatan pembebasan lahan dan kondisi alam.
Construction in progress as of December 31, 2013 amounting Rp 151,613,411 represents land improvement projects for Steam Power Plants Rengat and Tembilahan with percentage of completion of 10% and 9%, respectively and estimated to be completed end of 2014. The delay in the completion of the project was mainly due to negotiation between the Company with Goverment and PT PLN (Persero) and some unpredictable problems like change of data/enginering specification, delay in land acquisition and enviroment related condition.
Perusahaan memiliki beberapa bidang tanah yang terletak di lokasi Bentok dan Pandansari, Banjarmasin, Kalimantan Selatan dalam bentuk sertifikat Hak Guna Bangunan (HGB) yang berjangka waktu tiga puluh (30) tahun dan akan jatuh tempo pada tahun 2030.
The Company owns several parcels of land located in Bentok and Pandansari, Banjarmasin, and South Kalimantan which is in the form of Certificate of Rigths Build (HGB) for a period of thirty (30) years expiring in 2030.
Tanah di Desa Pandan Sari, Kecamatan Kintap, Kabupaten Tanah Laut, Kalimantan Selatan 2 seluas 776.275 m digunakan sebagai jaminan utang bank PT Dwi Guna Laksana, pihak berelasi (Catatan 28), yang diperoleh dari PT Bank Rakyat Indonesia (Persero) Tbk.
Land located in Pandan Sari Village, Kintap Subdistrict, District of Tanah Laut, South Kalimantan with a total area of 776,275 square meters is used a collateral for bank loan obtained by PT Dwi Guna Laksana, a related party (Note 28), from PT Bank Rakyat Indonesia (Persero) Tbk.
Perusahaan juga memiliki beberapa bidang 2 tanah seluas 60.000 m yang terletak di Desa Sungai Kapitan, Kecamatan Kumai, Kabupaten Kotawaringin Barat, Kalimantan Tengah dan 2 53.761 m yang terletak di Desa Pulau Gelang, Kecamatan Rengat, Kabupaten Indragiri Hulu, 2 Propinsi Riau serta 39.284 m yang terletak di Desa Pulau Palas, Kecamatan Tembilahan Hulu, Kabupaten Indragiri Hilir, Propinsi Riau. Tanah digunakan sebagai jaminan atas pinjaman yang diperoleh Perusahaan dari PT Bank Rakyat Indonesia (Persero) Tbk.
The Company also has several parcels of land located in Sungai Kapitan Village, Kumai Subdistrict, District of West Kotawaringin, and Central Kalimantan with a total area of 60,000 square meters, Pulau Gelang Village, Rengat Sub-district, Disctrict of Indragiri Hulu and Riau Province with a total area of 53,761 square meters, and in Pulau Palas Village, Tembilahan Hulu Sub-district, District of Indragiri Hilir and Riau Province with a total area of 39,284 square meters. The lands are pledged as collateral for bank loan obtained from PT Bank Rakyat Indonesia (Persero) Tbk.
Tanah yang terletak di beberapa tempat tersebut berupa Hak Guna Bangunan (HGB) yang berjangka waktu tiga puluh (30) tahun dan akan jatuh tempo pada berbagai tanggal antara tahun 2030 sampai dengan 2034. Manajemen Perusahaan berkeyakinan bahwa HGB tersebut dapat diperpanjang pada saat berakhirnya hak tersebut.
The titles of the aforementioned parcels of land are in the form of Rigths to Build (HGB) for a period of thirty (30) years and will expire on various dates from 2030 to 2034. The Company's management believes that the HGB can be renewed upon expiry.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 11.
12.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Aset Tetap (Lanjutan)
11.
Property and Equipment (Continued)
Pada tanggal 31 Desember 2013, aset tetap di Jl. Rugun No. 28 Sungai Kapitan, Kumai, Kotawaringin Barat, Kalimantan Tengah, diasuransikan kepada PT Asuransi Parolamas, pihak ketiga, dengan jumlah pertanggungan sebesar Rp 399.335.975 atas property all risk dan machinery breakdown. Aset tetap di Rengat – Riau diasuransikan kepada PT Asuransi Parolamas, pihak ketiga, dengan jumlah pertanggungan sebesar Rp 235.042.953 atas construction all risk. Aset tetap di Tembilahan – Riau diasuransikan kepada PT Asuransi Ramayana Tbk, pihak ketiga, dengan jumlah pertanggungan sebesar Rp 205.000.000 atas construction all risk. Kendaraan milik Perusahaan diasuransikan kepada PT MAA General Assurance dengan nilai pertanggungan sebesar Rp 130.000 telah jatuh tempo pada tanggal 19 Agustus 2013 dan belum diperpanjang. Sedangkan pada tanggal 31 Desember 2012 aset tetap, kecuali PLTU Pangkalan Bun, tidak diasuransikan terhadap risiko kerugian atas kebakaran atau risiko lainnya. Manajemen berpendapat bahwa nilai pertanggungan pada tanggal 31 Desember 2013 tersebut cukup untuk menutup kemungkinan kerugian atas aset yang dipertanggungkan.
As of December 31, 2013, property and equipment located at Jl. Rugun No. 28 Sungai Kapitan, Kumai, West Kotawaringin, Central Kalimantan, are insured with PT Asuransi Parolamas, a third party, for Rp 399,335,975 against property all risk and machinery breakdown. Property and equipment located in Rengat – Riau are insured with PT Asuransi Parolamas, a third party, for Rp 235,042,953 against construction all risk. Property and equipment located in Tembilahan – Riau are insured with PT Asuransi Ramayana Tbk, a third party, for Rp 205,000,000 against construction all risk. The Company’s vehicle, is insured with PT MAA General Assurance, a third party, for Rp 130,000, it expired on August 19, 2013 and had not renewed. As of December 31, 2012 the Company’s property and equipement, except Steam Power Plant Pangkalan Bun, are not covered by insurance againts losses from fire or similar risks. Management believes that the insurance coverage as of December 31, 2013 is adequate to cover possible losses on the assets insured.
Pada tanggal 31 Desember 2013, estimasi nilai wajar atas Dermaga di Pandan Sari, termasuk tanah, prasarana jalan masuk, pagar lokasi, bangunan serta peralatan produksi adalah sebesar Rp 209.688.000 berdasarkan hasil laporan oleh KJPP Toha Okky Heru & Rekan, penilai independen pada tanggal 3 Juni 2012
As of December 31, 2013, the estimated fair value of Dock in Pandan Sari, included the land, infrastructure of entrance road, fence, buildings and factory equipment amounted to Rp 209,688,000 based on KJPP Toha Okky Heru & Rekan, an independent appraiser, dated June 3, 2012.
Manajemen berpendapat bahwa tidak terdapat penurunan nilai aset tetap pada tanggal 31 Desember 2013 dan 2012.
Management believes that there is no impairment in the value of property and equipment as of and December 31, 2013 and 2012.
Biaya Eksplorasi yang Ditangguhkan
31 Desem ber 2013/ December 31, 2013
12.
Deferred Exploration Costs
31 Desem ber 2012*)/ December 31, 2012 *)
Operasional tambang batubara Kajian kelayakan tambang batubara Akumulasi amortisasi
34,620,134 25,931,422 (1,644,551)
47,234,195 12,057,331 (892,533)
Jum lah *) Proforma
58,907,005
58,398,993
- 59 -
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*) 7,600,000 5,300,000 (127,735) 12,772,265
Coal mining operations Feasibility study of coal mining Accumulated amortization Total
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 13.
Aset Lain-lain
13.
31 Desem ber 2013/ December 31, 2013
14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
31 Desem ber 2012*)/ December 31, 2012 *)
Other Assets 1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
Setoran jaminan: Bank garansi Sew a Beban ditangguhkan Lain-lain
4,818,008 55,981,925 569,773
4,008,444 135,042 39,503,645 569,381
4,008,444 135,042 37,128,663 569,381
Security deposit: Bank guarantee Rental Deferred charges Others
Jum lah
61,369,706
44,216,512
41,841,530
Total
Saldo setoran jaminan pada tanggal 31 Desember 2013 dan 2012 sebesar Rp 4.818.008 dan Rp 4.008.444 ditempatkan pada PT Bank Internasional Indonesia Tbk. (BII) terkait dengan fasilitas kredit Bank Garansi yang diterima Perusahaan dari BII (Catatan 14).
The balance of the security deposit as of December 31, 2013 and 2012 amounting Rp 4,818,008 and Rp 4,008,444, respectively, represent placement with PT Bank Internasional Indonesia Tbk. (BII) in relation to credit bank guarantee from BII (Note 14).
Pada tanggal 31 Desember 2013, lain-lain merupakan tenaga profesional dan perijinan sehubungan dengan pengembangan bisnis Perusahaan.
As of December 31, 2013, others represent professional fee and licensing in connection with the Company’s business expansion.
Utang Bank
a.
14.
Bank Loans
a.
Utang bank jangka pendek
31 De s e m be r 2013/ Decem ber 31, 2013
31 De s e m be r 2012*)/ December 31, 2012 *)
Short-term bank loans 1 Januar i 2012/ 31 De s e m be r 2011*)/ Ja nua r y 1, 2012 De ce m be r 31, 2011*)
PT Bank Rakyat Indonesia (Persero) Tbk. PT Bank Internasional Indonesia Tbk. PT Bank Pan Indones ia Tbk PT Bank CIMB Niaga Tbk. PT Bank Permata Tbk.
569,613,761 374,365,000 26,296,868 -
280,443,740 540,511,551 10,082,371 13,321,421
10,194,916 280,443,739 -
PT Bank Rakyat Indonesia (Persero) Tb k. PT Bank Internas ional Indonesia Tb k. PT Bank Pan Indones ia Tb k PT Bank CIMB Niaga Tb k . PT Bank Permata Tb k.
Jum lah
970,275,629
844,359,082
290,638,655
Tota l
*) Proforma
- 60 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
14.
Bank Loans (Continued)
PT Bank Rakyat Indonesia (Persero) Tbk.
PT Bank Rakyat Indonesia (Persero) Tbk.
Berdasarkan Perjanjian Kredit Modal Kerja Credit Overcomst Tetap III yang didokumentasikan dalam Akta No. 13 tanggal 2 Oktober 2012, Perusahaan memperoleh fasilitas pinjaman dari PT Bank Rakyat Indonesia (Persero) Tbk. dalam bentuk fasilitas modal kerja dengan jumlah fasilitas maksimum sebesar Rp 1.000.000 dan akan jatuh tempo dalam waktu satu (1) tahun.
Based on Agreement of Working Capital Credit Overcomst Fixed III (KMK CO Fixed III) as documented on Notarial Deed No. 13 dated October 2, 2012, the Company obtained loan facility from PT Bank Rakyat Indonesia (Persero) Tbk. in the form of working capital facility with maximum amount of Rp 1,000,000 and will be due in one (1) year.
Fasilitas yang diberikan digunakan pelunasan pinjaman dari PT Bank Niaga Tbk., yang digunakan tambahan modal kerja untuk operasional PLTU Pangkalan Bun.
untuk CIMB untuk biaya
Proceeds from this facility were used to settle the loan from PT Bank CIMB NiagaTbk., which is used for additional working capital for operation of Steam Power Plant Pangkalan Bun.
Berdasarkan Perjanjian Kredit Modal Kerja Withdrawal Approval III (KMK W/A III) yang didokumentasikan dalam Akta No. 16 tanggal 2 Oktober 2012, Perusahaan memperoleh fasilitas pinjaman dari PT Bank Rakyat Indonesia (Persero) Tbk. dalam bentuk fasilitas kredit modal kerja sesuai dengan faktur/pemesanan dan pembayaran termin dan akan jatuh tempo dalam waktu satu (1) tahun.
Based on Agreement of Working Capital Credit Withdrawal Approval III (KMK W/A III) as documented on Notarial Deed No. 16 dated October 2, 2012, the Company obtained loan facility from PT Bank Rakyat Indonesia (Persero) Tbk. in the form of working capital in accordance with the invoice/ordering and payment terms and will be due in one (1) year.
Fasilitas yang diberikan digunakan pelunasan pinjaman dari PT Bank Niaga Tbk., yang digunakan membiayai kebutuhan batubara operasional PLTU Pangkalan Bun.
untuk CIMB untuk untuk
Proceeds from this facility were used to settle the loan from PT Bank CIMB Niaga Tbk., which is used for additional working capital to finance the purchase of coal to fuel Steam Power Plant Pangkalan Bun.
Seluruh jaminan tersebut juga menjadi jaminan terhadap fasilitas kredit dan/atau pembiayaan lainnya yang diberikan oleh Bank kepada Perusahaan.
All guarantee are also a guarantee of credit facilities and/or other financing provided by the Bank to the Company.
Pada tanggal 31 Desember 2013, Perusahaan telah melakukan pembayaran atas pokok untuk KMK CO Tetap III dan KMK W/A III masing-masing sebesar Rp 294 dan Rp 502.695.
As of December 31, 2013, the Company has made partial payment on principal for KMK CO Fixed III and KMK W/A III facility amounting to Rp 294 and Rp 502,695, respectively.
Pada tanggal 31 Desember 2013, Perusahaan telah memperoleh pinjaman atas fasilitas KMK CO Tetap III dan KMK W/A III berulang masing-masing sebesar Rp 1.000.000 dan Rp 9.697.904.
As of December 31, 2013, the Company has received loan on principal for KMK CO Fixed III and KMK W/A III amounting to Rp 1,000,000 and Rp 9,697,904, respectively.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
14.
Bank Loans (Continued)
Pada 31 Desember 2013 beban bunga yang dibebankan pada laporan laba rugi komprehensif adalah sebesar Rp 152.456 (Catatan 26).
As of December 31, 2013 interest expense charged to statement of comprehensive income (loss) amounted to Rp 152,456 (Note 26).
Pada tanggal 7 Mei 2010, PT Dwi Guna Laksana (Anak perusahaan) memperoleh tambahan fasilitas kredit modal kerjadan memperpanjang fasilitas yang lama dari BRI sehingga jumlah fasilitas kredit modal kerjamaksimum sebesar Rp 543 miliar, dengan jangka waktu sampai dengan bulan Mei 2014.
On May 7, 2010, PT Dwi Guna Laksana (Subsidiaries), obtained additional working capital credit facility and renewed the old credit facility from BRI with total maximum facility amounting to Rp 543 billion. This facility has a term until May 2014.
Pinjaman ini dijamin aset dengan sebagai berikut (Catatan 7, 8 dan 11):
This facility is secured with certain assets consisting of the following (Notes 7, 8 and 11):
Agunan pokok: • Piutang usaha; • Persediaan; Agunan tambahan: • Tanah dan jalan di Pelabuhan desa Pandansari Kintap Kalsel; • Tanah dan bangunan di Jl. Raya Telukan Grogol Sukoharjo; • Tanah lokasi stokpile dan dermaga di desa Pandansari; • Sarana berupa dermaga, jembatan timbang 50 ton dan genset 150Kva; • Deposito berjangka Rp 20 miliar.
Main collaterals: • Trade accounts receivable; • Inventories; Additional collaterals: • Land and road in Pelabuhan Desa Pandansari Kintap Kalsel; • Land and building in Jl. Raya Telukan Grogol Sukoharjo; • Land location of stockpile and wharf in Desa Pandansari; • Infrastructure such as dock, weighbridge 50 tons and generator 150 Kva; and • Time deposit amounting to Rp 20 billion.
PT Bank Internasional Indonesia Tbk.
PT Bank Internasional Indonesia Tbk.
Berdasarkan Perjanjian Kredit melalui Akta No. 3 tanggal 8 Desember 2010 oleh Lolani Kurniati Irdham - Idroes, S.H., LLM., notaris di Jakarta, Perusahaan memperoleh fasilitas kredit dalam bentuk Pinjaman Promes Berulang (PPB) dengan jumlah maksimum sebesar Rp 160.000.000 dan Bank Garansi dengan jumlah maksimum sebesar Rp 40.000.000 dari PT Bank Internasional Indonesia Tbk. (BII). Jangka waktu kredit sampai dengan 20 Desember 2012 dan suku bunga pinjaman 12% per tahun Subject to Review (STR) untuk Rupiah dan 7% per tahun STR untuk Dolar Amerika Serikat.
Based on the Credit Agreement stated in Deed No. 3 dated December 8, 2010 of Lolani Kurniati Irdham - Idroes, S.H., LLM, a public notary in Jakarta, the Company obtained a credit facility in the form of a Demand Loan with a maximum amount of Rp 160,000,000 and Bank Guarantee with a maximum amount of Rp 40,000,000 from PT Bank Internasional Indonesia Tbk. (BII). The loan is due on December 20, 2012 and bears interest at 12% per annum Subject to Review (STR) for Rupiah currency and 7% per annum STR for U.S. Dollar currency.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
Fasilitas tersebut sebagai berikut: -
-
14.
The credit facilities are subject to sublimit as follows:
terdiri dari sublimit
Pinjaman Promes Berulang (PPB) PPB Resi Gudang • PPB Freight Financing • PPB Freight Financing • Negosiasi/Diskonto • Bank garansi/Bank Guarantee • Bid bond, and/or Performance Bond/Stand by Letter of Credit
Bank Loans (Continued)
-
Demand Loan Warehouse Receipt financing • PPB Freight Financing • PPB Freight Financing • Negotiation/Discount Facility •
-
Bank Guarantee • Bid bond, and/or Performance Bond/Stand by Letter of Credit
: : : : : :
Berdasarkan Addendum Perjanjian Kredit tanggal 14 Februari 2012, fasilitas kredit PPB meningkat menjadi Rp 280.000.000 dan sublimit PPB Freight Financing meningkat menjadi Rp 60.000.000, sedangkan struktur fasilitas kredit lainnya masih berlaku. Jangka waktu pinjaman sampai dengan 20 Desember 2012 dengan suku bunga 11,5% per tahun STR untuk Rupiah.
Based on Addendum of Credit Agreement dated February 14, 2012, PPB credit facility is increased to Rp 280,000,000 and sublimit PPB Freight Financing is increased to Rp 60,000,000 while other credit facility structure remains the same. The loan will be due on December 20, 2012 and bears interest at 11.5% per annum STR for Rupiah currency.
Fasilitas tersebut sebagai berikut:
The credit facilities are subject to sublimit as follows:
-
terdiri dari sublimit
Pinjaman Promes Berulang (PPB) PBB Freight Financing •
:
Bank garansi/Bank Guarantee
:
-
Demand loan Demand loan Freight Financing •
-
Bank Guarantee
Tujuan dari fasilitas kredit ini adalah:
The purposes of the credit facilities are:
-
-
Pinjaman promes berulang resi gudang (PBB): • Untuk membiayai pembelian dan/menambah stok batubara crushed di gudang • Collateral Manager Agreement (CMA) dimana barang-barang yang dibiayai akan disimpan didalam gudang, dibawah kendali penuh dan pengawasan dari Collateral Manager (CM) • Untuk membiayai pembelian barang-barang (seperti crushed steam coal) dari penyalur berdasarkan system T/T (telegraphic transfer).
Warehouse receipt financing: •
•
•
- 63 -
To finance the purchase and increase in crushed coal warehouse stock Collateral Manager Agreement (CMA) wherein goods financed by the credit facility will be stored in a warehouse, under the full control and supervision of the Collateral Manager (CM) To finance the purchase of goods (such as crushed steam coal) from the dealer based on the T/T (telegraphic transfer) system.
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
14.
Bank Loans (Continued)
-
Sub-limit: • Untuk membiayai biaya preshipment/ freight cost sehubungan dengan transaksi yang dibiayai oleh Bank. • Untuk menegosiasi tagihan ekspor dalam bentuk Sight/ Usance L/C yang diterbitkan oleh Bank.
-
Sub-limit: • To finance costs in connection with the transaction cost preshipment freight financed by the Bank. • To negotiate export bills in the form of Sight/ Usance L/C issued by the Bank.
-
Bank garansi yaitu untuk menerbitkan atau menyediakan Bank garansi dalam bentuk Bid Bond dan/atau Performance Bond dalam hubungannya dengan kegiatan perdagangan batubara yang dibiayai oleh Bank.
-
Bank guarantee, to issue or provide a bank guarantee in the form of Bid Bond and/or Performance Bond in connection with coal trading activities financed by the Bank.
Jaminan (agunan) fasilitas kredit tersebut diatas adalah sebagai berikut:
The following are the collaterals for the aforementioned credit facilities:
-
Persediaan dan piutang Perusahaan yang dibiayai oleh bank dengan nilai penjaminan masing-masing sebesar Rp 200.000.000 dengan perjanjian fidusia.
-
Fiduciary claim on the Company’s inventories amounting to Rp 200,000,000.
-
Pemberian penangguhan/jaminan pribadi (Personal guarantee) dari Tn. Andri Cahyadi, sampai jumlah setinggi-tingginya Rp 320.000.000.
-
Personal guarantee from Mr. Andri Cahyadi, up to a maximum amount of Rp 320,000,000.
Pada tanggal dan 31 Desember 2013 dan 2012, saldo setoran jaminan masingmasing sebesar Rp 4.008.444 dan Rp 3.265.944 ditempatkan pada BII terkait dengan fasilitas kredit Bank Garansi yang diterima Perusahaan dari BII.
As of December 31, 2013 and 2012, security deposits amounted to Rp 4,008,444 and Rp 3,265,944, respectively, which represent placement with BII in relation to bank guarantee credit facility received by the Company from BII.
Selain jaminan tersebut, Perusahaan juga disyaratkan untuk mendapat persetujuan dari kreditur dalam hal terjadi perubahan manajemen, Perusahaan memberikan pinjaman kepada pihak lain (termasuk pemegang saham) dan memperoleh fasilitas kredit dari bank dan lembaga keuangan lain dan jika saham PT Saibatama International Mandiri (SIM) berkurang jumlahnya atau SIM tidak lagi menjadi pemegang saham Perusahaan.
Aside from the above-mentioned collaterals, the Company is also required to seek approval from the creditor in the event that, among others, there is a change in the composition of management, the Company provides loans to other parties (including shareholders) and obtains credit facilities from other banks and financial institutions, and if the number of shares owned by PT Saibatama International Mandiri (SIM) is reduced or if SIM is no longer a shareholder of the Company.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
14.
Bank Loans (Continued)
Berdasarkan Perubahan Perjanjian Kredit No. 12 tanggal 15 Januari 2013, fasilitas kredit PPB yang jatuh tempo pada tanggal 20 Desember 2012 ini ditingkatkan menjadi Rp 460.000 dengan jangka waktu 12 bulan sejak penandatanganan perjanjian.
Based on Offering Letter No. 12, dated Januari 15, 2013, PPB credit facility which was due on December 20, 2012 was increased to Rp 460,000 and will be due in twelve (12) months after signing or the agreement.
Pada tanggal 31 Desember 2013 dan 2012, Perusahaan telah memperoleh pinjaman promes berulang masing-masing sebesar Rp 445.994.000 dan Rp 454.818.757.
As of December 31, 2013 and 2012, the Company has received demand loan (PBB) amounting to Rp 445,994,000 and Rp 454,818,757, respectively.
Jaminan (agunan) fasilitas kredit tersebut menjadi sebagai berikut:
The following are the collaterals for the aforementioned credit facilities:
-
Persediaan dan piutang Perusahaan yang dibiayai oleh bank dengan nilai penjaminan masing-masing sebesar Rp 200.000.000 dengan perjanjian fidusia.
-
Fiduciary claim on the Company’s inventories amounting to Rp 200,000,000.
-
Jaminan pribadi (personal guarantee) dari Tn. Andri Cahyadi, sampai jumlah setinggi-tingginya Rp 320.000.000.
-
Personal guarantee from Mr. Andri Cahyadi, up to a maximum amount of Rp 320,000,000.
Pada tanggal 31 Desember 2013 dan 2012, Perusahaan telah melakukan pembayaran atas pokok pinjaman promes berulang masing-masing sebesar Rp 321.350.230 dan Rp 143.218.820.
As of December 31, 2013 and2012, the Company has made partial payment on principal amounting to Rp Rp 321,350,230 and Rp 143,218,820, respectively.
Beban bunga yang dibebankan pada laporan laba rugi komprehensif pada 2013 dan 2012 masing-masing adalah sebesar Rp 28.942.519 dan Rp 6.654.944 (Catatan 26).
Interest expense charged to statement of comprehensive income amounted to Rp 28,942,519 in 2013 and Rp 6,654,944 in 2012 (Note 26).
PT Bank CIMB Niaga Tbk.
PT Bank CIMB Niaga Tbk.
Berdasarkan Perubahan Perjanjian Kredit No. 090/AMD/CB/JKT/2012 tanggal 28 Februari 2012, Perusahaan memperoleh Pinjaman Rekening Koran (Fasilitas Langsung - Revolving Basis) untuk pembiayaan operasional Perusahaan dengan jumlah kredit sebesar Rp 3.500.000, jatuh tempo tanggal 28 Februari 2013 dan dikenakan suku bunga 12,25% per tahun, dapat berubah, dan Pinjaman Tetap (Fasilitas Langsung Revolving Basis) untuk pembiayaan pembelian batubara sebagai bahan bakar PLTU, dengan jumlah kredit sebesar Rp 10.240.000 jatuh tempo tanggal 28 Februari 2013, dan dikenakan suku bunga 11,75% per tahun, dapat berubah.
Based on Amendment of Credit Agreement No. 090/AMD/CB/JKT/2012 dated February 28, 2012, the Company obtained Overdraft Facility (Direct Facility - Revolving Basis) to finance the operations of the Company with total credit facility amounting to Rp 3,500,000, due on February 28, 2013 and bears interest at 12.25% per annum subject to change and Fixed Loan (Direct Facility - Revolving Basis) to finance the purchase of coal to fuel Steam Power Plant, with total credit facility amounting to Rp 10,240,000, due on February 28, 2013, and bears interest at 11.75% per annum subject to change.
- 65 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
14.
Bank Loans (Continued)
Pinjaman ini dijamin dengan jaminan yang sama dengan fasilitas kredit Murabahah yang diperoleh Perusahaan dari PT Bank CIMB Niaga Tbk. - unit Syariah dan terikat secara “cross collateralized” terhadap fasilitas kredit dan/atau pembiayaan lainnya yang diberikan oleh PT Bank CIMB Niaga Tbk. kepada Perusahaan.
The facility is secured with the same collaterals used for Murabahah financing facility obtained by the Company from PT Bank CIMB Niaga Tbk. - Syariah unit and are cross collateralized with other credit facilities and/or financing provided by PT Bank CIMB Niaga Tbk. to the Company.
Pada tahun 2013 dan 2012, Perusahaan telah melakukan pembayaran atas pokok pinjaman rekening koran masing-masing sebesar Rp 177.486.932 dan Rp 33.576.797, serta pembayaran atas pinjaman tetap sebesar Rp 20.262.097 selama tahun 2012.
In 2013 and 2012, the Company has made partial payment on principal for overdraft facility amounting to Rp 177,486,932 and Rp 33,576,797, respectively and during year 2012, the Company has made payment on principal for fixed loan amounting to Rp 20,262,097.
Pada tahun 2013 dan 2012 beban bunga pinjaman rekening koran dan pinjaman tetap yang dibebankan pada laporan laba rugi komprehensif masing-masing adalah sebesar Rp 2.977.973 dan Rp 176.078 (Catatan 26).
In 2013 and 2012 interest expense of overdraft facility and fixed loan charged to statement of comprehensive income amounted to Rp 2,977,973 and Rp 176,078 in 2012, respectively. (Note 26).
PT Bank Permata Tbk.
PT Bank Permata Tbk.
Berdasarkan Akta No. 21 tanggal 19 November 2010 dari Eveline Gandauli Siagian Rajagukguk, S.H., notaris di Jakarta, yang telah mengalami beberapa kali perubahan, terakhir dengan addendum No. KK/12/1053/ADD/CGVC tersebut tanggal 17 Februari 2012, Perusahaan memperoleh fasilitas kredit dari PT. Bank Permata Tbk. Fasilitas uang diberikan antara lain :
Based on Deed of Credit Agreement No. 21 dated November 19, 2010 of Eveline Gandauli Siagian Rajagukguk, S.H., a public notary in Jakarta, which has been amended several times, most recently by Amendment No. KK/12/1053/ADD/CGVC dated February 17, 2012, the Company obtained lpan facilities from PT Bank Permata Tbk. with details as follows:
-
-
Fasilitas Term Loan 1 (TL-1) yang digunakan untuk pembiayaan atas pembelian kapal yang memiliki fasilitas maksimal Rp 57.700.000 dengan jangka waktu lima (5) tahun, yang akan jatuh tempo pada tanggal 19 Mei 2016 dan suku bunga mengambang sebesar 11,75% per tahun.
Term Loan Facility 1 (TL-1) which was used to finance the purchase of vessels, has a maximum amount of Rp 57,700,000 and 11.75% interest rate per annum (floating) and credit terms of five (5) years and will be due on May 19, 2016.
Jaminan untuk pinjaman: Kapal dan tongkang yang dibiayai oleh Bank dengan nilai penjamin sebesar Rp 75.000.000.
Collaterals for loan: Vessels and barge are financed by the bank amounting to Rp 75,000,000;
-
Fidusia atas piutang Perusahaan dengan nilai penjamin sebesar Rp 16.625.000,
-
Fiduciary claim on the Company’s receivables amounting to Rp 16,625,000; and
-
Jaminan perorangan dari Bapak Andri Cahyadi sebesar Rp 75.000.000.
-
Personal guarantee from Mr. Andri Cahyadi amounting to Rp 75,000,000.
- 66 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
b.
14.
Bank Loans (Continued)
b.
Utang bank jangka panjang
31 Desem ber 2013/ December 31, 2013
Long-term bank loans
31 Desem ber 2012*)/ December 31, 2012 *)
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
PT Bank CIMB Niaga Tbk. PT Bank Rakyat Indonesia (Persero) Tbk. PT Bank Pan Indonesia Tbk. PT Bank Permata Tbk.
112,871,861
95,763,509
-
108,475,621 7,808,200 -
85,323,130 9,096,038 42,073,487
84,133,734 -
PT Bank CIMB Niaga Tbk. PT Bank Rakyat Indonesia (Persero) Tbk. PT Bank Pan Indonesia Tbk. PT Bank Permata Tbk.
Jumlah
229,155,682
232,256,164
84,133,734
Total Less: current portion
Dikurangi bagian yang jatuh tempo dalam w aktu satu tahun
Bagian jangka panjang
64,768,283
52,297,057
15,699,000
64,768,283
52,297,057
15,699,000
164,387,399
179,959,107
68,434,734
Long-term portion
*) Proforma
Perjanjian atas utang bank tersebut adalah sebagai berikut:
A summary of the respective loan agreements are as follows:
a.
a.
PT Bank Rakyat Indonesia (Persero) Tbk.
PT Bank (Persero) Tbk.
Rakyat
Indonesia
Berdasarkan Akta Perjanjian Kredit Investasi No. 6 tanggal 2 Oktober 2012 antara Perusahaan dengan PT Bank Rakyat Indonesia (Persero) Tbk., Perusahaan memperoleh Fasilitas Kredit Investasi II dengan fasilitas menurun sebesar Rp 111.000.000 yang digunakan untuk membiayai pembangunan PLTU Tembilahan. Jangka waktu fasilitas masingmasing delapan puluh empat (84) bulan sejak tanggal 2 Oktober 2012 (termasuk grace period selama 24 bulan).
Based on Deeds of Credit Investment No. 6 dated October 2, 2012 between the Company and PT Bank Rakyat Indonesia (Persero) Tbk., the Company obtained Credit Investing Facilities II (non-revolving loan) amounting to Rp 111,000,000 used to finance the Construction of Steam Power Plant Tembilahan. The term of both facilitiesis eighty four (84) months starting from October 2, 2012 (including grace periods 24 months).
Fasilitas tersebut sebagai berikut:
The credit facilities are subject to sublimit as follows:
terdiri
dari
sublimit
-
Kredit Investasi/Penangguhan Jaminan Importdengan jumlah Rp 73.500.000.
-
Credit Investment/Suspension Import Guarantee amounting Rp 73,500,000.
-
Interchangeable Kredit sebesar Rp 100.000.000.
Investasi
-
Interchangeable Credit Investment amounting to Rp 100,000,000.
-
Interest During Construction sebesar Rp 11.000.000.
-
Interest During Construction amounting to Rp 11,000,000.
- 67 -
of to
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
14.
Bank Loans (Continued)
Berdasarkan Akta Perjanjian Kredit Investasi No. 7 tanggal 2 Oktober 2012 antara Perusahaan dengan PT Bank Rakyat Indonesia (Persero) Tbk., Perusahaan memperoleh Fasilitas Kredit Investasi III yang digunakan untuk pendanaan atas investasi pembangunan PLTU Pangkalan Bun. Fasilitas ini digunakan untuk melunasi utang bank Perusahaan pada Bank CIMB Niaga Tbk. - Unit Syariah. Jangka waktu fasilitas masing-masing enam puluh sembilan (69) bulan sejak penandatanganan akad kredit.
Based on Deeds of Credit Investment No. 7 dated October 2, 2012 between the Company and PT Bank Rakyat Indonesia (Persero) Tbk., the Company obtained Credit Investing Facilities III used to finance the Construction of Steam Power Plant Pangkalan Bun. The proceeds from this facility were used to settle the loan of the Company from PT CIMB Niaga Tbk. Syariah Unit. The term of both facilities is sixty nine (69) months starting from date of signing of agreement.
Berdasarkan Perjanjian Kredit Modal Kerja Menurun COIII yang didokumentasikan dalam Akta No. 10 tanggal 2 Oktober 2012, Perusahaan memperoleh fasilitas pinjaman dari PT Bank Rakyat Indonesia (Persero) Tbk. dalam bentuk fasilitas modal kerja dengan jumlah fasilitas maksimum sebesar Rp 2.500.000. Fasilitas ini merupakan pengambilalihan utang bank Perusahaan pada Bank CIMB Niaga Tbk. Jangka waktu fasilitas enam puluh sembilan (69) bulan sejak penandatanganan akad kredit.
Based on Agreement of Working Capital Credit Overcomst non-revolving III as documented on Notarial Deed No. 10 dated October 2, 2012, the Company obtained loan facility from PT Bank Rakyat Indonesia (Persero) Tbk. in the form of working capital facility with maximum facility of Rp 2,500,000. The provides from this facility were used to settle the loan of the Company from PT CIMB Niaga Tbk. The term of both facilities is sixty nine (69) months starting from date of signing of agreement.
Fasilitas ini dijamin dengan:
The facility is collateralized with:
-
Tanah dan bangunan di Provinsi Riau, Kabupaten Indragiri, Kecamatan Tembilahan Hulu, Desa Pulau Palas atas nama PT Exploitasi Energi Indonesia Tbk. dengan hak pertanggungan tingkat pertama dengan nilai pembebanan sebesar Rp 35.117.000;
-
A parcel of land and building located in Riau province, District Indragiri, Tembilahan Sub-district, Pulau Palas Village under the name of PT Exploitasi Energi Indonesia Tbk. with first degree mortgage amounting to Rp 35,117,000;
-
Tanah dan bangunan di Provinsi Riau, Kabupaten Indragiri Hulu, Kecamatan Rengat, Desa Pulau Gelang atas nama PT Exploitasi Energi Indonesia Tbk. dengan hak pertanggungan tingkat pertama dengan nilai pembebanan sebesar Rp 35.105.000;
-
A parcel of land and building located in Riau Province, District Indragiri Hulu, Rengat Sub-district, Pulau Gelang Village under the name of PT Exploitasi Energi Indonesia Tbk. with first degree mortgage amounting to Rp 35,105,000;
-
Tanah dan bangunan di Provinsi Kalimantan tengah, Kabupaten Kotawaringin barat, Kecamatan Kumai, Desa Sungai Kapitan atas nama PT Exploitasi Energi Indonesia Tbk.
-
A parcel of land and building located in Central Kalimantan province, District West Kotawaringin, Kumai Sub-district, Sungai Kapitan Village under the name of PT Exploitasi Energi Indonesia Tbk.
- 68 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
14.
Bank Loans (Continued)
-
Fidusia atas tagihan atas kontrak jual beli listrik (Power Purchase Agreement - PPA), untuk PLTU Rengat, PLTU Tembilahan, dan PLTU Pangkalan Bun dengan nilai penjaminan masing-masing proyek sebesar Rp 122.642.000, Rp 122.642.000 dan Rp 116.849.000 dan persediaan dengan nilai pengikatan masing-masing proyek senilai Rp 19.070.000, Rp 19.070.000 dan Rp 12.000.000;
-
Fiduciary claims on the Power Purchase Agreement - (PPA) for steam power plant Rengat, Tembilahan and Pangkalan bun with guarantee value for each project amounting to Rp 122,642,000, Rp 122,642,000 and Rp 116,849,000, respectively and inventory with guarantee value for each project amounting to Rp 19,070,000, Rp 19,070,000 and Rp 12,000,000, respectively;
-
Fidusia atas seluruh mesin, peralatan instalasi pembangkit listrik untuk PLTU Rengat, Tembilahan dan Pangkalan Bun dengan nilai penjaminan untuk masing-masing proyek sebesar Rp 134.972.000.
-
Fiduciary claims on machinery, for installation of power plant equipment in steam power plant in Rengat, Tembilahan and Pangkalan Bun with guarantee value for each project amounting to Rp 134,972,000.
-
Tanah di Provinsi Kalimantan Tengah, Kabupaten Kotawaringin Barat, Kecamatan Kumai, Desa Sungai Kapitan, dengan hak pertanggungan tingkat pertama dengan nilai pembebanan sebesar Rp 45.993.000; atas nama H. Nurdin Ramli, yang didapat dan dimiliki oleh Perusahaan berdasarkan:
-
A parcel of land located in Central Kalimantan Province, District West Kotawaringin, Kumai Sub-district, Sungai Kapitan Village under the name of H. Nurdin Ramli, with first degree mortgage amounting to Rp 45,993,000, which the Company acquired and owned based on the following:
Akta Pelepasan Hak Tanah tertanggal 21 Juli 2004 No. 42 yang dibuat oleh Eko Soemarmo, S.H., notaris di Pangkalan Bun.
i.
Deed of release of land right No. 42 dated July 21, 2004 of Eko Soemarmo, S.H., a notary public in Pangkalan bun.
ii. Akta Pengikatan Jual Beli pada tanggal 18 April 2008 No. 88 oleh H. Nurhadi S.H., notaris di Kotawaringin Barat. Saat ini, perubahan Sertifikat Hak Milik menjadi Hak Guna Bangunan sedang dalam proses.
ii.
Deed of sales agreement No. 88 dated April 18, 2008 of H. Nurhadi S.H., a notary public in West Kotawaringin. Currently, the change from Certificate ofOwnership Right to Certificate of Building Use Right is still in process.
i.
-
Jaminan perusahaan dari PT Saibatama Internasional Mandiri;
-
Corporate guarantee from PT Saibatama Internasional Mandiri;
-
Jaminan perorangan dari Tn. Andri Cahyadi;
-
Personal guarantee from Mr. Andri Cahyadi;
All guarantee are also a guarantee of credit facilities and/or other financing provided by the Bank to the Company.
Seluruh jaminan tersebut juga menjadi jaminan terhadap fasilitas kredit dan/atau pembiayaan lainnya yang diberikan oleh Bank kepada Perusahaan.
- 69 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
Utang Bank (Lanjutan)
b.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 14.
Bank Loans (Continued)
Selain dari pada jaminan tersebut diatas, Perusahaan diwajibkan:
Other than the aforemention collaterals, the Company is obliged to:
-
Coverage ratio yang harus dipenuhi yaitu jumlah sisa (outstanding) KMK W/A harus dipenuhi oleh modal kerja bersih minimal 154%.
-
Coverage ratio that must be met, namely the residual amount (outstanding) KMK W / A should be covered by net working capital a minimum of 154%.
-
Perusahaan harus memenuhi peraturan-peraturan Pemerintah termasuk ijin-ijin yang harus dimiliki dalam rangka pelaksanaan proyek.
-
The Company shall comply with government regulations, including permits that must be obtained within the implementation of the project.
-
Memberitahukan pihak bank tentang adanya permohonan kepailitan yang diajukan kepada Pengadilan Niaga untuk menyatakan pailit.
-
Notify the bank about the bankruptcy petition submitted to the Commercial Court to declare bankruptcy.
-
Penyampaian laporan/dokumen mengenai laporan keuangan Perusahaan, laporan rincian nilai dan umur piutang, laporan rincian dan umur persediaan, laporan perkembangan kapasitas, realisasi produksi listrik, realisasi penjualan listrik dan harga jual listrik ke PLN khusus PLTU serta laporan/informasi lainnya yang diperlukan oleh bank.
-
Submission of reports/documents regarding the Company's financial statements, the report details of the value and age of accounts receivable, the report details of the value and age inventory, progress reports capacity, actual production of electricity, the actual electricity sales and the price of electricity to PLN specialized steam power plant and others reports/information are required by bank.
-
Perusahaan harus segera memberi tahu bank dan upaya penyelesaiannya mengenai perkara hukum.
-
The Company shall promptly notify the bank and settlement efforts regarding the matter of law.
Selama tahun 2012, Perusahaan telah melakukan pembayaran untuk fasilitas pinjaman BRI (KMK CO menurun III) sebesar Rp 115.019.
During 2012, the Company has paid of the principal of BRI (KMK CO non-revolving III) amounting to Rp 115,019.
Pada 2012 beban bunga yang dibebankan pada laporan laba rugi komprehensif sebesar Rp 1.380.400 (Catatan 26).
In 2012 Interest expense charged to statement of comprehensive income (loss) amounted to Rp 1,380,400 (Note 26).
PT Bank CIMB Niaga Tbk.
b.
PT Bank CIMB Niaga Tbk. Based on the Deed of Credit Agreement No. 134 dated March 16, 2012 of Sulistyaningsih, S.H., a public notary in Jakarta, the Company obtained loan facilities from PT Bank CIMB Niaga Tbk. with details as follows:
Berdasarkan Akta Perjanjian Kredit No. 134 tanggal 16 Maret 2012 dari Sulistyaningsih, S.H., notaris di Jakarta, Perusahaan memperoleh fasilitas kredit dari PT Bank CIMB Niaga Tbk. sebagai berikut:
- 70 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
Utang Bank (Lanjutan)
i.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 14.
Bank Loans (Continued)
i.
Fasilitas pinjaman investasi yang terdiri dari Tranche A dan Tranche B masing-masing sebesar Rp 77.243.053 dan Rp 20.000.000, yang jatuh tempo dalam waktu delapan puluh empat (84) bulan dengan masa tenggang (grace period) selama tiga (3) bulan sejak penarikan pertama dengan suku bunga sebesar 12% per tahun, dapat berubah.
Investment credit facility which consists of Tranche A and Tranche B amounting to Rp 77,243,053 and Rp 20,000,000, respectively, payable in eighty four (84) months with a grace period of three (3) months from the first withdrawal date. These loans bear interest of 12% per annum, subject to change.
Tranche A was used to take over the credit facility obtained by the Company from PT Bank Negara Indonesia (Persero) Tbk., while Tranche B was used to finance the completion of PLTU (Steam Power Plant) in Pangkalan Bun, Central Kalimantan.
Tranche A digunakan untuk mengambil alih fasilitas kredit yang diperoleh Perusahaan dari PT Bank Negara Indonesia (Persero) Tbk., sedangkan Tranche B digunakan untuk membiayai penyelesaian PLTU di Pangkalan Bun, Kalimantan Tengah. ii.
Fasilitas pinjaman rekening koran sebesar Rp 3.500.000 dengan suku bunga 12,5% per tahun dan akan jatuh tempo tanggal 16 Maret 2012. Pinjaman ini digunakan untuk membiayai operasional Perusahaan.
ii.
Overdraft loan facility amounting to Rp 3,500,000 with interest rate of 12.5% per annum and will be due on March 16, 2012.The loan was used to finance the Company’s operations.
iii.
Fasilitas pinjaman tetap senilai Rp 10.240.000 dengan suku bunga 12% per tahun dan akan jatuh tempo tanggal 16 Maret 2012.Pinjaman ini digunakan untuk membiayai pembelian batubara untuk bahan bakar PLTU.
iii.
Fixed credit facility amounting to Rp 10,240,000 with 12% per annum and will be due on March 16, 2012.The loan facility was used to purchase coal to fuel the PLTU.
Jaminan (agunan) atas fasilitas kredit tersebut diatas adalah sebagai berikut:
The following are the collaterals for the aforementioned loans of the Company:
-
Sebidang tanah dengan HGB No. 11/Sungai Kapitan dengan luas 2 area sebesar 60.000 m atas nama PT Exploitasi Energi Indonesia Tbk. dengan hak pertanggungan tingkat pertama sebesar 140% dari jumlah fasilitas kredit atau jumlah minimal sebesar Rp 155.376.274.
-
A parcel of land with Building Use Right (HGB) No. 11/Sungai Kapitan for an area of 60,000 squaremeters under the name of PT Exploitasi Energi Indonesia Tbk. with first degree mortgage equivalent to 140% of the total credit facility or minimum amount of Rp 155,376,274.
-
Tagihan atas kontrak Power Purchase Agreement (PPA), dengan nilai penjaminan sebesar jumlah plafon fasilitas kredit atau sekurang-kurangnya senilai Rp 110.983.053 dengan perjanjian fidusia.
-
Fiduciary claim on the Power Purchase Agreement (PPA), with a guaranteed value equal to the total credit facility or minimum amount of Rp 110,983,053.
- 71 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
Utang Bank (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 14.
Bank Loans (Continued)
-
Persediaan Perusahaan dengan nilai penjaminan minimal 125% dari plafon fasilitas pinjaman tetap atau sekurang-kurangnya senilai Rp 12.800.000 diikat dengan perjanjian fidusia.
-
Fiduciary claim on the inventories ofthe Company with a guaranteed value of at least 125% of the total fixed credit facility amounting to Rp 12,800,000.
-
Insurance proceeds atas jaminan mesin EPC, konstruksi dan instalasi milik Perusahaan senilai US$ 12.003.089 (angka penuh) dengan perjanjian fidusia.
-
Fiduciary claim on the insurance proceeds from the Company’s machinery EPC valued at US$ 12,003,089 (full amount).
-
Jaminan perusahaan dari PT Saibatama Internasional Mandiri yang diikat dengan Perjanjian Penanggungan Perusahaan.
-
Corporate guarantee from PT Saibatama International Mandiri bound by a Corporate Guarantee Agreement.
-
Jaminan perorangan dari Tn. Andri Cahyadi yang diikat dengan Perjanjian Penanggungan.
-
Personal guarantee from Mr. Andri Cahyadi bound by a Personal Guarantee Agreement.
Selain dari pada jaminan tersebut diatas, Perusahaan diwajibkan:
Other than the above collaterals, Company is required to:
-
Memenuhi ketentuan financial covenant antara lain: DSCR minimal 1x,Current Ratio minimal 1x, Bank Loan to EBITDA maksimal 3,5x pada tahun 2011 dan 3x pada tahun selanjutnya.
-
Comply with financial covenants such as: DSCR of at least 1x, Current Ratio of at least 1x, Bank Loan to EBITDA of a maximum of 3.5x in 2011 and 3x in the following year.
-
Menyerahkan kontrak operasi dan pemeliharaan PLTU Pangkalan Bun selambat-lambatnya pada tanggal Commercial Operational Date (COD).
-
Submit operation and maintenance contract of Steam Power Plant Pangkalan Bun not later than the date of the Commercial Operations Date (COD).
-
Menjaga ketersediaan dana di rekening Perusahaan di PT Bank CIMB Niaga Tbk. minimal 2x pembayaran bunga (selama masa pinjaman) dan 1x pokok pinjaman, dana mana sudah harus tersedia di rekening Perusahaan di Bank CIMB Niaga Tbk. selambat-lambatnya 15 hari sebelum jadwal angsuran.
-
Maintain available funds in the account of the Company at Bank CIMB Niaga Tbk. not later than 15 days before the scheduled installment payment equal tothe principal loan payment and two timesof the minimum interest payment amount (for the duration of the loan).
- 72 -
the
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
Utang Bank (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 14.
Bank Loans (Continued)
Tanpa persetujuan tertulis dari PT Bank CIMB Niaga Tbk., Perusahaan tidak diperbolehkan, antara lain, merubah/melakukan amandemen terhadap kontrak-kontrak yang telah ada, mendapatkan fasilitas pinjaman baru dari pihak ketiga, menjual atau dengan cara lain mengalihkan hak atau menyewa/ menyerahkan pemakaian seluruh atau sebagian aset kecuali yang berkaitan dengan kegiatan usaha, meminjamkan uang kepada pihak ketiga, mengadakan perubahan dari sifat dan kegiatan usaha Perusahaan, mengajukan moratorium, penundaan pembayaran liabilitas atau kepailitan dan melakukan perubahan susunan pemegang saham mayoritas.
Without written consent of PT Bank CIMB Niaga Tbk., the Company is not allowed among others, to change/amend the existing contracts; obtaina new loan facility from a third party; sell or otherwise transfer any right or lease/give up the use of all or part of assets except those related to business activities; lend money to a third party; change the nature and activities of the Company’s business; file a moratorium, suspension of payment or bankruptcy and make changes in the composition of the majority shareholders.
Perusahaan telah memenuhi persyaratan dan kondisi utang.
The Company has complied with the terms and conditions of debt.
Berdasarkan Perubahan Akta Perjanjian Kredit No. 134 tanggal 16 Maret 2012 No. 089/AMD/CB/JKT/2012 tanggal 28 Februari 2012, suku bunga fasilitas pinjaman investasi, pinjaman rekening koran dan pinjaman tetap diubah menjadi masing-masing 11,75%, 12,25% dan 11,75%, dapat berubah dan jangka waktu pinjaman rekening koran dan pinjaman tetap diperpanjang hingga 16 Maret 2013.
Based on Amendment of Deed of Credit Agreement No. 134 dated March 16, 2012 No. 089/AMD/CB/JKT/2012 dated February 28, 2012, the interest rates for investment credit, overdraft and fixed credit facility are changed to 11.75%, 12.25% and 11.75%, respectively, subject to change and the term of overdraft and fixed credit facility was extended to March 16, 2013.
Berdasarkan Perubahan Perjanjian Kredit No. 090/AMD/CB/JKT/2012 tanggal 28 Februari 2012 dan mengacu pada Perjanjian Kredit No. 134 tanggal 16 Maret 2011 yang telah diubah dengan Perjanjian Kredit No. 089/AMD/CB/JKT/2012 tanggal 28 Februari 2012, sehubungan dengan fasilitas kredit yang telah diperoleh dari PT Bank CIMB Niaga Tbk., Perusahaan mengajukan permohonan fasilitas baru yang berbasis syariah dalam rangka konversi Fasilitas pinjaman investasi Tranche A dan Tranche B dan PT Bank CIMB Niaga Tbk. setuju untuk memberikan fasilitas pembiayaan Murabahah Tranche A sebesar Rp 78.843.053 dan Tranche B sebesar Rp 18.500.000 dan mengubah Perjanjian Kredit sehingga fasilitas menjadi pinjaman rekening koran dan pinjaman tetap.
Based on Amendment of Credit Agreement No. 090/AMD/CB/JKT/2012 dated February 28, 2012 and referring to Deed of Credit Agreement No. 134 dated March 16, 2011 as amended by Credit Agreement No. 089/AMD/CB/JKT/2012 dated February 28, 2012, in relation with existing credit facilities obtained from PT Bank CIMB Niaga Tbk., the Company request new facility on syariah basis to convert outstanding Tranche A and Tranche B facilities and PT Bank CIMB Niaga Tbk. agreed to provide Murabahah financing facilities in form of investment financing Murabahah Tranche A amounting to Rp 74,843,053 and Tranche B amounting to Rp 18,500,000 and changed the Credit Agreement to include only overdraft and fixed credit facilities.
- 73 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
Utang Bank (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 14.
Bank Loans (Continued)
Selama tahun 2012, Perusahaan telah melakukan pelunasan atas pokok pinjaman sebesar Rp 93.343.053.
During 2012, the Company has paid principal amounting to Rp 93,343,053.
Pada tahun 2012 beban bunga yang dibebankan pada laporan laba rugi komprehensif sebesar Rp 5.400.153 (Catatan 26).
In 2012 interest expense charged to statement of comprehensive income (loss) amounted to Rp 5,400,153 (Note 26).
Berdasarkan Akta No. 35 tanggal 9 November 2010 dari Sulistyaningsih, S.H., notaris di Jakarta, yang telah mengalami beberapa kali perubahan, terakhir dengan surat perubahan ke-3 dan pernyataan kembali akta tersebut tanggal 17 Februari 2012. Perusahaan memperoleh fasilitas kredit dari PT Bank CIMB Niaga Tbk. Fasilitas yang diberikan adalah:
Based on Deed of Credit Agreement No. 35 dated November 9, 2010 of Sulistyaningsih, S.H., a public notary in Jakarta, which has been amended several times, most recently by letter of third amendment and restatement dated February 17, 2012, the Company obtained loan facilities from PT Bank CIMB Niaga Tbk. with details as follows:
-
Fasilitas Pinjaman Transaksi Khusus 1 (PTK-1) dengan jumlah Rp 5.000.000.000 yang digunakan untuk pembiayaan kebutuhan modal kerja operasional seperti biaya bahan bakar, biaya oli, biaya keagenan, biaya pemeliharaan kapal dan lainlain. Jangka waktu pinjaman sembilan (9) bulan, yang akan jatuh tempo pada tanggal 9 November 2012 dengan suku bunga 10,75% per tahun.
-
Loan Facility for Special Transactions 1 (PTK-1) amounting to Rp 5,000,000,000 which bears an interest of 10.75% per annum and was used to finance the working capital needs of the operations such as fuel, oil, agency, vessels maintenance and other costs. Loan term is nine (9) months and was due on November 9, 2012.
-
Fasilitas Pinjaman Transaksi Khusus 2 (PTK-2) dengan jumlah Rp 7.500.000.000 yang digunakan untuk pembiayaan kebutuhan modal kerja operasional seperti biaya bahan bakar, biaya oli, biaya keagenan, biaya pemeliharaan kapal dan lainlain. Jangka waktu pinjaman sembilan (9) bulan yang akan jatuh tempo pada tanggal 9 November 2012 dengan suku bunga 10,75% per tahun.
-
Loan Facility for Special Transactions 2 (PTK-2) amounting to Rp 7,500,000,000 which bears an interest of 10.75% per annum was used to finance the working capital needs of operations such as fuel, oil, agency, vessels maintenance and other costs. Loan term of nine (9) months and was due on November 9, 2012.
Jaminan untuk fasilitas pinjaman investasi 1 (PI-1) dan PTK-1 adalah sebagai berikut:
Collaterals for Investment loan facility 1 (PI1) and PTK-1 are as follows:
-
Hipotek atas kapal dan tongkang yang dibiayai oleh bank dengan nilai hipotek pertama sebesar Rp 75.000.000.000;
-
Mortgage from vessels and barge are financed by bank amounting to Rp 75,000,000,000;
-
Piutang milik Perusahaan dengan nilai minimal sebesar 125% dari total fasilitas PI-1 dan PTK-1 (Catatan 28); dan
-
Company’s accounts receivable with minimum amount equivalent to 125% of total limit from loan facilities PI-1 and PTK-1 (Note 28); and
- 74 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 14.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Bank (Lanjutan)
-
14.
Bank Loans (Continued)
-
Jaminan perorangan dari Bapak Andri Cahyadi sebesar Rp 65.000.000.000.
Jaminan untuk fasilitas pinjaman investasi 2 (PI-2) dan PTK-2 adalah sebagai berikut:
Collaterals for Investment loan facility 2 (PI2) and PTK-2 are as follows:
-
Hipotek atas kapal dan tongkang yang dibiayai oleh bank dengan nilai hipotek pertama sebesar Rp 87.500.000.000;
-
Mortgage from vessels and barge are financed by bank amounting to Rp 87,500,000,000;
-
Jaminan perorangan dari Bapak Andri Cahyadi sebesar Rp 77.500.000.000; dan
-
Personal guarantee from Mr. Andri Cahyadi amounting to Rp 77,500,000,000; and
-
Jaminan Perusahaan from PT Exploitasi Energi Indonesia Tbk. sebesar Rp 77.500.000.000.
-
Corporate guarantee from PT Exploitasi Energi Indonesia Tbk. amounting to Rp 77,500,000,000.
The Company has entered into a changes of credit agreement Deed No. 10 dated February 5, 2013 with PT Bank CIMB Niaga Tbk. about addition of new credit facility.
Perusahaan menandatangani Akta perubahan perjanjian kredit dengan PT Bank CIMB Niaga Tbk. No. 10 tanggal 5 Februari 2013 mengenai perpanjangan fasilitas kredit dan penambahan fasilitas kredit baru. c.
PT Bank Pan Indonesia Tbk
c.
Utang Usaha
15.
Pihak berelasi PT Dw i Guna Laksana Pihak ketiga PT Daya Guna Laksana PT Trans Jaya Perkasa PT Trans Kalimantan Perkasa PT Cenko Prima Fero International CV. Bhara Rasa Energi Coal PT Oktasan Baruna Persada CV Hidayah PT Kalimantan Prima Persada
Trade Accounts Payable This account consists of the Company’s payable to suppliers in relation to the purchases of materials needed for production. The following are the details of trade accounts payable:
Merupakan utang Perusahaan untuk pembelian bahan baku dan bahan pembantu. Rincian utang usaha adalah sebagai berikut:
31 Des em ber 2013/ December 31, 2013
PT Bank Pan Indonesia Tbk Based on Credit Agreement and Loan Acknowledgement, PT DGL - a Subsidiary, obtained a Revolving Loan with maximum facility up to Rp 25.000.000. This loans bear interest of 14% per annum and subject to change.
Berdasarkan Perjanjian Kredit dan Pengakuan Hutang (PKPH), PT DGL Entitas anak, memperoleh fasilitas Pinjaman Berulang (PB) dengan plafon Rp 25.000.000 dengan tingkat bunga 14% per tahun yang dapat berubah setiap saat. Pinjaman ini akan jatuh tempo dalam waktu satu (1) tahun dan dapat diperpanjang setiap tahun. 15.
Personal guarantee from Mr. Andri Cahyadi amounting to Rp 65,000,000,000.
1 Januari 2012/ 31 Dese m be r 2011*)/ Ja nua ry 1, 2012 Decem be r 31, 2011*)
31 Des em ber 2012*)/ December 31, 2012 *)
-
-
95,297,530
Related party Related party PT Dwi Guna Laksana
184,163,576 164,238,583 38,079,661 26,345,034 23,796,500 16,982,242 10,166,865 7,491,803
19,462,176 10,200,000 5,595,384 27,259,370 11,206,350 9,471,501
16,483,945 5,595,384 27,259,370 1,979,697
Third Parties PT Daya Guna Laksana PT Trans Jaya Perkasa PT Trans Kalimantan Perkasa PT Cenko Prima Fero International CV. Bhara Rasa Energi Coal PT Oktasan Baruna Persada CV Hidayah PT Kalimantan Prima Persada
- 75 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 15.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Utang Usaha (Lanjutan)
15.
31 De s em be r 2013/ December 31, 2013 PT Catur Mukti CV Multi Bara Persada PT Perusahaan Pelayaran Rusdianto PT Pelayaran Haluan Segara Line PT Multi Guna Laksana Lain-lain (dibaw ah 500 Juta) Jumlah Jum lah *) Proforma
31 Des em be r 2012*)/ December 31, 2012 *)
16.
1 Januari 2012/ 31 De se m ber 2011*)/ Ja nua ry 1, 2012 De cem ber 31, 2011*)
2,962,080 1,308,420 21,007,636
3,521,200 6,327,690 3,697,909 91,525 55,735 41,291,746
496,542,400
138,180,586
57,646,086
496,542,400
138,180,586
152,943,616
6,327,690 -
1 - 30 hari 31 - 60 hari 61 - 90 hari > 90 hari
42,750,008 3,507,178 38,255,632 412,029,582
46,497,834 18,836,202 27,462,598 45,383,952
38,745,456 29,243,642 32,576,319 52,378,199
Jum lah
496,542,400
138,180,586
152,943,616
Utang Lain-lain
16.
Jum lah
1 - 30 days 31 - 60 days 61 - 90 days > 90 days Total
Other Payables These represent payables to third parties in relation toproject development and operasional.
Akun ini merupakan utang kepada pihak ketiga terkait dengan pengembangan proyek dan operasional.
Pengembangan proyek Pelabuhan Inf rastruktur Operasional Lain-lain
Total
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
31 Desem ber 2012*)/ December 31, 2012 *)
31 Desem ber 2013/ December 31, 2013
PT Catur Mukti CV Multi Bara Persada PT Perusahaan Pelayaran Rusdianto PT Pelayaran Haluan Segara Line PT Multi Guna Laksana Lain-lain (dib awah 500 Juta)
The aging analysis of trade accounts payable from the date of invoice is as follows:
Analisa umur utang usaha dihitung dari tanggal faktur adalah sebagai berikut:
31 Desem ber 2013/ December 31, 2013
Trade Accounts Payable (Continued)
31 Desem ber 2012*)/ December 31, 2012 *)
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 Decem ber 31, 2011*)
38,859,703 72,439,707 17,938,709 8,799,586
10,156,231 13,129,344
13,847,866 4,666,478
Project development Port Infrastructure Operations Others
138,037,705
23,285,575
18,514,344
Total
- 76 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 17.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Uang Muka Pelanggan
17.
Advances From Costumers Represented account is down payments for coal sales, shipping and coal terminal with details is follows:
Merupakan uang muka penjualan batubara, pelayaran dan terminal batubara dengan perincian nama pelanggan sebagai berikut:
31 Desember 2013/ December 31, 2013
18.
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 December 31, 2011*)
31 Desember 2012*)/ December 31, 2012 *)
CV. Mitra Bumi Sejahtera PT. Gerak Puncak Lancar PT Cahaya Putra Perdana PT Naga Borneo Persada CV Dw i Karya Jaya PT. Rizqi Aw lad PT Cahaya Marhan Naya PT Barito Inti Perdana PT. Milta Lintas Samudera PT Cenko Prima Ferro Internasional PT Trans Jaya Perkasa PT Borneo Guna Laksa PT Daya Guna Laksana Lainnya(dibaw ah 500jt)
8,191,888 2,219,182 1,794,172 1,575,745 1,485,449 1,069,189 883,534 620,000 525,000
-
-
31,351,555
39,744,772 8,779,934 4,392,994 2,553,012 1,908,818
634,334
CV. Mitra Bumi Sejahtera PT. Gerak Puncak Lancar PT Cahaya Putra Perdana PT Naga Borneo Persada CV Dwi Karya Jaya PT. Rizqi Awlad PT Cahaya Marhan Naya PT Barito Inti Perdana PT. Milta Lintas Samudera PT Cenko Prima Ferro Internasional PT Trans Jaya Perkasa PT Borneo Guna Laksa PT Daya Guna Laksana Lainnya(dibawah 500jt)
Jum lah
49,715,714
57,379,530
634,334
Total
Utang Pajak
18.
31 Desember 2013/ December 31, 2013 Pajak penghasilan badan Tahun 2013 Tahun 2012 Tahun 2011 Tahun 2010 Tahun 2009 Pajak penghasilan Pasal 4 ayat 2 Pasal 15 Pasal 21 Pasal 23 Pasal 25 Pajak Pertambahan Nilai Jum lah *) Proforma
31 Desember 2012*)/ December 31, 2012 *)
Taxes Payable 1 Januari 2012/ 31 De se m ber 2011*)/ Janua ry 1, 2012 December 31, 2011*)
15,633,724 14,425,946 230,272 418,436
14,271,746 384,565
13,429,365 -
528,814 3,024,404 6,760,039 1,420,010 31,937,470
130,429 2,036,100 2,223,500 853,456 24,269,490
130,429 190,931 1,134,626 343,208 -
74,379,115
44,169,286
15,228,559
Corporate income tax Year 2013 Year 2012 Year 2011 Year 2010 Year 2009 Income taxes Article 4 paragraph 2 Article 15 Article 21 Article 23 Article 25 Value Added Tax Tota l
The filing of tax returns is based on the Company’s own calculation of tax liabilities (selfassessment). Based on the third amendment of the General Taxation Provisions and Procedures No. 28 Year 2007, the time limit for the tax authorities to assess or amend taxes was reduced from 10 to 5 years, subject to certain exceptions, since the tax became payable while for taxable year 2007 and prior, the time limit for tax assessment will end at the latest in 2013.
Besarnya pajak yang terutang ditetapkan berdasarkan perhitungan pajak yang dilakukan sendiri oleh wajib pajak (self-assessment). Berdasarkan Undang-undang No. 28 Tahun 2007 mengenai Perubahan Ketiga atas Ketentuan Umum dan Tata Cara Perpajakan, Kantor Pajak dapat melakukan pemeriksaan atas perhitungan pajak dalam jangka waktu 5 tahun (dari sebelumnya 10 tahun) setelah terutangnya pajak, dengan beberapa pengecualian, sedangkan untuk tahun pajak 2007 dan sebelumnya ketetapan tersebut berakhir paling lama pada akhir tahun pajak 2013.
- 77 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 19.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Nilai Wajar Aset Keuangan dan Liabilitas Keuangan
19.
Fair Value of Financial Assets and Financial Liabilities
Nilai wajar adalah nilai dimana suatu instrumen keuangan dapat dipertukarkan antara pihak yang memahami dan berkeinginan untuk melakukan transaksi wajar dan bukan merupakan nilai penjualan akibat kesulitan keuangan atau likuidasi yang dipaksakan.
Fair value is defined as the amount at which the financial instruments could be exchanged in a current transaction between knowledge able, willing parties in an arm’s length transaction, other than in a forced sale or liquidation.
Berikut adalah nilai tercatat dan estimasi nilai wajar atas aset dan liabilitas keuangan Perusahaan pada tanggal 31 Desember 2013 dan 2012:
The following table sets forth the carrying amounts and estimated fair values of the Company’s financial assets and liabilities as of December 31, 2013 and 2012: 1 Januari 2012/ 31 Desem ber 2011*)/
31 Desember 2013 / December 31, 2013 Estim asi Nilai Wajar/ Nilai Tercatat/ Estimated As Reported Fair Value
31 Desem ber 2012*) / December 31, 2012*) Estim asi Nilai Wajar/ Nilai Tercatat/ Estimated As Reported Fair Value
January 1, 2012/ December 31, 2011*) Estimasi Nilai Wajar/ Nilai Tercatat/ Estimated As Reported Fair Value
Aset Keuangan Lancar Kas Investasi jangka pendek Piutang usaha - bersih Piutang lain-lain Jum lah Aset Keuangan Lancar
180,793,974 1,348,621,985 663,225,302 106,910,531 2,299,551,792
180,793,974 1,348,621,985 663,225,302 106,910,531 2,299,551,792
1,789,374,778 384,168,939 24,770,345 2,198,314,062
1,766,217,793 384,168,939 24,770,345 2,175,157,077
27,228,598 213,022,268 240,250,866
27,228,598 213,022,268 240,250,866
Current Financial Assets Cash Time deposit Trade accounts receivable - net Other accounts receivable Total Current Financial Assets
Aset Keuangan Tidak Lancar Aset lain-lain Jum lah Aset Keuangan
61,369,706 2,360,921,498
61,369,706 2,360,921,498
44,216,512 2,242,530,574
44,216,512 2,219,373,589
41,841,530 282,092,396
41,841,530 282,092,396
Non-current Assets Other assets Total Financial Assets
Liabilitas Keuangan Jangka Pendek Utang bank jangka pendek Utang usaha Utang lain-lain Beban akrual Jum lah Liabilitas Keuangan Jangka Pendek
970,275,629 496,542,400 138,037,705 5,535,081 1,610,390,815
970,275,629 496,542,400 138,037,705 5,535,081 1,610,390,815
844,359,082 138,180,586 23,285,575 2,027,854 1,007,853,097
844,359,082 138,180,586 23,285,575 2,027,854 1,007,853,097
290,638,655 152,943,616 18,514,344 822,235 462,918,850
290,638,655 152,943,616 18,514,344 822,235 462,918,850
Current Financial Liabilities Short-term bank loans Trade accounts payable Other payables Accrued expenses Total Current Financial Liabilities
142,690,541
142,690,541
147,227,307
147,227,307
11,451,854
14,189,781
230,089,089 372,779,630 1,983,170,445
230,089,089 372,779,630 1,983,170,445
232,256,164 379,483,471 1,387,336,568
232,256,164 379,483,471 1,387,336,568
84,133,734 95,585,588 558,504,438
84,133,734 98,323,515 561,242,365
Liabilitas Keuangan Jangka Panjang Utang pihak berelasi non-usaha Utang bank jangka panjang (termasuk yang jatuh tempo dalam w aktu satu tahun) Jum lah Liabilitas Keuangan Jangka Panjang Jum lah Liabilitas Keuangan
Non-current Financial Liabilities Due to a related party Long-term bank loans (including current and non-current portion) Total Non-current Financial Liabilities Total Financial Liabilities
The following methods and assumptions were used by the Company to estimate the fair value of each class of financial instrument:
Metode dan asumsi berikut ini digunakan oleh Perusahaan untuk melakukan estimasi atas nilai wajar setiap kelompok instrumen keuangan:
- 78 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 19.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Nilai Wajar Aset Keuangan dan Liabilitas Keuangan (Lanjutan)
19.
Aset keuangan lancar dan liabilitas keuangan jangka pendek
Current financial assets and liabilities
Instrumen keuangan bersifat jangka pendek berupa kas, investasi pada deposito berjangka yang dibatasi pencairannya (pada akun aset lainlain), piutang usaha, piutang lain-lain, utang bank, utang usaha, beban akrual dan liabilitas lain-lain, maka nilai tercatat aset dan liabilitas keuangan telah mendekati estimasi nilai wajarnya.
Due to the short term nature of the transactions for cash, investment in restricted time deposits (in other assets), trade accounts receivable, other accounts receivables, bank loans, trade accounts payable, accrued expenses and other liabilities, the carrying amounts of the these financial assets and financial liabilities approximate the estimated fair market values.
Aset keuangan tidak lancar keuangan jangka panjang
Long-term financial assets and liabilities
dan
liabilitas
Consist of long-term bank loans and due to a related party-nonoperation. The fair value of the financial liabilities is determined by discounting future cash flows using applicable rates from observable current market transactions for instruments with similar terms, credit risk, and remaining maturities.
Terdiri dari utang bank jangka panjang dan utang pihak berelasi non-usaha. Nilai wajarnya ditentukan dengan mendiskontokan arus kas masa datang menggunakan suku bunga yang berlaku dari transaksi pasar yang dapat diamati untuk instrumen dengan persyaratan, risiko kredit dan jatuh tempo yang sama.
20.
Fair Value of Financial Assets and Financial Liabilities (Continued)
Modal Saham
20.
Capital Stock The Company’s stockholders based on the record of shares’ registrars, PT Datindo Entrycom as of Desember 31, 2013 as of are as follows:
Susunan kepemilikan saham Perusahaan berdasarkan data dari Biro Administrasi Efek, PT Datindo Entrycom pada tanggal 31 Desember 2013 adalah sebagai berikut:
31 Desem ber 2013 / December 31, 2013
Pe m e gang Saham PT Saibatama Internasional Mandiri PT Saibatama Internasional Mandiri Overseas Chinese Banking Corp Ltd Masyarakat (dibaw ah 5%) Masyarakat (dibaw ah 5%) Jum lah
Seri/ Series A B B A B
Jum lah Saham / Total Shares
Persentase Kepem ilikan/ Percentage of Ownership (%)
49,824,999 5,933,641,361 874,524,000 65,175,001 2,033,195,845 8,956,361,206
0.56% 66.25% 9.76% 0.73% 22.70% 100.00%
Modal Ditem patkan dan Disetor Penuh/ Issued and Pa id-up Capi tal 99,649,998 593,364,136 87,452,400 130,350,002 203,319,585 1,114,136,121
Name of Stock holder PT Saibatama Internasional Mandiri PT Saibatama Internasional Mandiri Overseas Chinese Banking Corp Ltd Public (below 5%) Public (below 5%) Total
In the event that newly shares issued in the Limited Public Offering II were wholly exercised by the Company’s existing stockholders, thus, the Company’s proforma stockholders composition would be as of December 31, 2012 are as follows:
Susunan kepemilikan saham baru Perusahaan berdasarkan penawaran umum terbatas ll untuk proforma, pada tanggal 31 Desember 2012 adalah sebagai berikut:
- 79 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 20.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Modal Saham (Lanjutan)
20.
Capital Stock (Continued)
31 Des em be r 2012 / December 31, 2012
Pe m e gang Saham PT Saibatama Internasional Mandiri PT Saibatama Internasional Mandiri Masyarakat (5% keatas) -Tn. Gupta Yamin Masyarakat (dibaw ah 5%) Masyarakat (dibaw ah 5%) Jum lah
Se ri/ Series A B B A B
Perse ntas e Kepem ilik an/ Percentage of Ownership (%)
Jum lah Saham / Tota l Sha res 49,824,999 2,060,216,553 305,386,488 65,175,001 1,765,950,099 4,246,553,140
Modal Dite m patkan dan Dise tor Penuh/ Issued and Paid-up Ca pita l
1.17% 48.52% 7.19% 1.53% 41.59% 100%
99,649,998 206,021,655 30,538,649 130,350,002 176,594,753 643,155,057
Na me of Stock holder PT Saibatama Internasional Mandiri PT Saibatama Internasional Mandiri Public (above 5%) - Mr. Gupta Yamin Public (below 5%) Public (below 5%) Tota l
1 Januari 2012/ 31 Des em ber 2011*)/ 'January 1, 2012/December 31, 2011*)
Pem egang Saham PT Saibatama Internasional Mandiri PT Saibatama Internasional Mandiri Masyarakat (5% keatas) -Tn. Johan Masyarakat (dibaw ah 5%) Masyarakat (dibaw ah 5%) Jum lah
Seri/ Series A B B A B
Jum lah Saham / Total Shares
Pe rsentase Kepem ilikan/ Percentage of Ownership (%)
49,824,999 1,025,216,553 380,000,000 65,175,001 2,726,334,019 4,246,550,572
1.17% 24.14% 8.95% 1.53% 64.20% 100.00%
Modal Ditem patkan dan Disetor Penuh/ Issued and Paid-up Capital 99,649,998 102,521,655 38,000,000 130,350,002 272,633,402 643,155,057
Name of Stockholder PT Saibatama Internasional Mandiri PT Saibatama Internasional Mandiri Public (above 5%) - Mr. Johan Public (below 5%) Public (below 5%) Total
Peningkatan setoran modal berasal dari penawaran umum terbatas ll dengan menerbitkan 4.709.810.634 saham biasa atas nama seri B dengan nilai nominal Rp 100 setiap saham ditawarkan dengan harga pelaksanaan Rp 500 setiap saham. Sehingga jumlah dana yang diperoleh dari penawaran umum terbatas ll seluruhnya sebesar Rp 2.354.905.317.
The increase in capital contribution from the funds of PUT II by issuing 4,709,810,634 new shares of Series B share with par value Rp 100 per share which offering price is Rp 500. The proceeds of PUT II amounting to Rp 2.354.905.317.
Manajemen Permodalan
Capital Management
Tujuan utama dari pengelolaan modal Perusahaan adalah untuk memastikan bahwa Perusahaan mempertahankan rasio modal yang sehat dalam rangka mendukung bisnis dan memaksimalkan nilai pemegang saham. Perusahaan tidak diwajibkan untuk memenuhi syarat-syarat modal tertentu.
The primary objective of the Company’s capital management is to ensure that it maintains healthy capital ratios in order to support its business and maximize shareholder value. The Company is not required to meet any capital requirements.
Perusahaan mengelola permodalan untuk menjaga kelangsungan usahanya dalam rangka memaksimumkan kekayaan para pemegang saham dan manfaat kepada pihak lain yang berkepentingan terhadap Perusahaan dan untuk menjaga struktur optimal permodalan, yaitu dengan mengacu pada industri yang sama, untuk mengurangi biaya permodalan.
The Company manages its capital to safeguard the Company’s ability to continue as a going concern in order to maximize the return to shareholders and benefits for other stakeholders, and to maintain optimal capital structure, with reference to the same industry, to reduce the cost of capital.
- 80 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 20.
Modal Saham (Lanjutan)
20.
The capital structure of the Company consists of equity (consists of capital stock, additional paidin capital and retained earnings) and long-term bank loans.
Rasio utang bersih terhadap modal pada tanggal 31 Desember 2013 dan 2012, adalah sebagai berikut:
Ratio of net debt to equity as of December 31, 2013 and 2012 are as follows:
Jumlah utang Dikurangi: kas Utang bersih Jumlah ekuitas
31 Desem ber 2012*)/ December 31, 2012 *)
1,204,365,319 10,793,974 1,193,571,345 2,957,149,955
Rasio utang terhadap modal
40%
-8%
Tambahan Modal Disetor
21.
Kepentingan Non-pengendali
22.
23. produk
utama
Pendapatan PLTU - Pangkalan Bun Jasa pelabuhan dan lainnya Jum lah
Debt to Equity Ratio
Additional Paid-in Capital
Non-Controlling Interest
Revenues The details of the Company’s revenues by nature of transactions are follows:
adalah
31 Desem ber 2013/ December 31, 2013 Penjualan batubara Sew a kapal
6%
Total borrowings Less: cash Net debt Total equity
Non-controlling interests in net assets of Subsidiaries represent the share of minority shareholders in the net assets of Subsidiaries that are not wholly owned by the Company (Note 2e).
Pendapatan
Rincian pendapatan sebagai berikut:
84,133,734 27,228,598 56,905,136 918,641,264
Additional paid-in capital represents the difference between the price of the shares offered in a public offering, public offering unlimited ll and from transaction under common control. Saldo additional paid-in capital amounting to Rp 1,258,015,379, on December 31, 2013 a number of additional paid-in capital from the issuance of restricted shares ll.
Kepentingan non-pengendali atas aset bersih entitas Anaknya merupakan bagian pemegang saham minoritas atas aset bersih entitas Anaknya yang tidak seluruh sahamnya dimiliki oleh Perusahaan (Catatan 2e).
23.
1 Januari 2012/ 31 Desem ber 2011*)/ January 1, 2012 December 31, 2011*)
1,529,304,167 1,766,217,793 (236,913,626) 3,098,911,863
Tambahan modal disetor merupakan selisih antara harga saham yang ditawarkan dalam penawaran umum saham terbatas ll, penawaran umum perdana serta selisih transaksi entitas sepengendali. Saldo tambahan modal disetor sebesar Rp 1.258.015.379 pada tanggal 31 Desember 2013 merupakan jumlah tambahan modal disetor yang berasal dari hasil penawaran umum saham terbatas ll. 22.
Capital Stock (Continued)
Struktur permodalan Perusahaan terdiri dari ekuitas (terdiri dari modal saham, tambahan modal disetor dan saldo laba) dan utang bank jangka panjang.
31 Desem ber 2013/ December 31, 2013
21.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
31 Desem ber 2012*)/ December 31, 2012 *)
1,415,824,228 46,907,840
1,556,387,079 163,953,386
73,149,447 107,752,390
88,222,444 24,643,639
1,643,633,905
1,833,206,548
- 81 -
Coal sales Vessel charter hire Revenue from Steam Power Plant Pangkalan Bun Port services and others Total
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 23.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Pendapatan (Lanjutan)
23.
Sales which are more than 10% of the total saleswere made to the following parties:
Penjualan yang melebihi 10% dari jumlah penjualan dilakukan kepada pihak-pihak berikut: 31 Desem ber 2013/ December 31, 2013
31 Desem ber 2012*)/ December 31, 2012 *)
265,599,457 251,098,056 297,393,286 186,310,324 205,195,572 210,227,533
337,718,481 429,521,753 218,807,307 183,570,421 386,769,117 -
1,415,824,228
1,556,387,079
PT. Indonesia Pow er PT PLN PT. Borneo Inter Aero PT. Bukit Intan Sedjati Internasional PT. Permata Bintang Borneo Lainnya (dibaw ah 10 %)
Jum lah Persentase terhadap jumlah penjualan batubara PT Borneo Inter Aero PT Indonesia Pow er Perusahaan Listrik Negara PT Bukit Intan Sedjati International PT Permata Bintang Borneo Lainnya (dibaw ah 10 %) Jum lah
24.
Tersedia untuk dijual Saldo akhir periode Beban tidak langsung: 4 Pengelolaan pelabuhan 5 Sew a kapal 6 Pemakaian batubara 7 Penyusutan 8 Bahan bakar dan pelayaran 9 Upah buruh 10 Bongkar, muat dan angkut 11 Peraw atan Cadangan persediaan usang dan kerugian penurunan 12 nilai 13 Keagenan Denda keterlambatan 14 Eksplorasi batubara dan bahan kimia 15 Lain-lain
Total
21.70% 27.60% 14.06% 11.79% 24.85% 0.00%
100%
100%
24. 31 Dese m be r 2013/ December 31, 2013
Persediaan batubara 1 Saldo aw al tahun 2 Pembelian 3 Pemakaian sendiri
PT Borneo Inter Aero PT Indonesia Power Perusahaan Listrik Negara PT Bukit Intan Sedjati International PT Permata Bintang Borneo Others (below 10%)
18.76% 17.74% 21.00% 13.16% 14.49% 14.85%
Beban Pokok Pendapatan
Jum lah
Revenues (Continued)
Percentage to total coal sales PT Borneo Inter Aero PT Indonesia Power Perusahaan Listrik Negara PT Bukit Intan Sedjati International PT Permata Bintang Borneo Others (below 10%) Total
Cost of Revenues
31 Dese m be r 2012*)/ December 31, 2012 *)
913,360,823 934,021,118 (58,450,017)
516,280,798 1,698,130,025 (66,582,634)
1,788,931,924 (836,140,097)
2,147,828,189 (913,360,824)
952,791,827 73,611,188 57,431,829 58,450,017 41,458,691 23,594,537 8,383,354 40,538,246 3,907,679
1,234,467,365 65,701,476 66,582,634 41,113,471 48,630,370 4,038,191 20,608,668 3,004,849
(3,046,859) 1,321,563 35,141,104 6,686,517
4,697,901 66,554 5,800,936
1,300,269,693
1,494,712,415
- 82 -
Coal inventories Balance at beginning of year Purchases Internal use Availab le for sale Balance at end of year Indirect costs: Terminal services Shipping rent Coal consumption Depreciation Fuel and shipping Wages Loading, unloading and freight Maintenance Provision for inventory ob solescence inventory ob solescence and decline in value Agency Late charges Coal exploration and chemicals Others Tota l
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 24.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Beban Pokok Pendapatan (Lanjutan)
24.
Purchases which are more than 10% of the total purchases for the yearare as follows:
Pembelian yang melebihi 10% dari jumlah pembelian adalah sebagai berikut: 31 Desem ber 2013/ December 31, 2013 277,623,023 184,538,816 127,594,987 212,971,667 131,292,626
355,416,450 437,900,000 221,941,665 682,871,910
Jum lah
934,021,118
1,698,130,025
29.72% 19.76% 13.66% 22.80% 14.06%
20.93% 25.79% 0.00% 13.07% 23.12%
100.00%
82.91%
Beban Usaha
25. 31 Desember 2013/ December 31, 2013
Beban umum dan administrasi Gaji dan tunjangan Akomodasi dan perjalanan Tenaga ahli Pajak dan perijinan Sewa Administrasi Cadangan biaya reklamasi Imbalan kerja jangka panjang Pemeliharaan Lain-lain
Beban penjualan dan distribusi Jasa supervisi dan jasa lainnya Sampel dan analisa Lain-lain
Penyusutan Jumlah beban usaha
26.
31 Desem ber 2012*)/ December 31, 2012 *)
PT Trans Jaya Perkasa PT Daya Guna Laksana PT Oktasan Baruna Persada PT Cenko Prima Ferro International Lainnya (di baw ah 10%)
Persentase terhadap jumlah pembelian PT Trans Jaya Perkasa PT Daya Guna Laksana PT Oktasan Baruna Persada PT Cenko Prima Ferro International Lainnya (di baw ah 10%)
25.
Cost of Revenues (Continued)
Percentage to total purchases PT Trans Jaya Perkasa PT Daya Guna Laksana PT Oktasan Baruna Persada PT Cenko Prima Ferro International Others (below 10%)
Operating Expenses
52,380,065 8,020,398 24,492,050 5,950,570 8,312,002 6,669,153 5,530,776
26,687,718 3,721,051 6,773,134 6,365,834 4,882,396 5,958,366 8,742,258
4,527,893 753,436 4,322,147 120,958,490
3,560,930 6,811,802 14,409,409 87,912,898
13,867,132 1,836,498 10,000,000 25,703,630
8,572,287 13,995,683 22,567,970
11,924,367
9,898,776
158,586,487
120,379,644
26.
31 Desem ber 2013/ December 31, 2013
Jum lah
Total
31 Desember 2012*)/ December 31, 2012 *)
Pendapatan (Beban) Lain-lain - Bersih
Pendapatan bunga Pendapatan (beban) demurages kapal Penghapusan persediaan Laba (rugi) selisih kurs Amortisasi dampak pendiskontoan utang pihak berelasi non-usaha Beban bunga dan keuangan Lain-lain
PT Trans Jaya Perkasa PT Daya Guna Laksana PT Oktasan Baruna Persada PT Cenko Prima Ferro International Others (below 10%)
General and administrative expenses Salaries and allowances Accommodation and travel Professional fees Taxes and license Rental Administration Provision for reclamation costs Long term employee benefits Maintenance Others
Selling and distribution expenses Supervision and other services Sampling and analysis Others
Depreciation Total operating expenses
Other Income (Expenses) - Net 31 Desem ber 2012*)/ December 31, 2012 *)
58,325,759 28,496,361 (152,389)
1,609,732 3,230,156 (1,662,995) (2,225,034)
(1,008,021) (150,362,672) 5,936,125
(1,611,310) (124,071,822) 2,196,142
Interest income Vessel demurages service Write - off inventory - net Gain (loss) on foreign exchange Amortization of discount on amount due to related parties non-operation Interest expense and financial charges Others
(58,764,837)
(122,535,131)
Total
- 83 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 27.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Imbalan Pasca-Kerja
27.
Post Employment Benefits
Besarnya imbalan pasca-kerja dihitung berdasarkan peraturan yang berlaku, yakni Undang-undang No. 13 Tahun 2003 tanggal 25 Maret 2003. Tidak terdapat pendanaan yang dibentuk atas liabilitas imbalan kerja jangka panjang tersebut.
The amount of post-employment benefits is determined based on Law No. 13 Year 2003, dated March 25, 2003. No funding of the benefits has been made to date.
Perhitungan aktuaria terakhir atas liabilitas imbalan kerja jangka panjang dilakukan oleh PT KAIA Magna Consulting, aktuaris independen tertanggal 14 Maret 2014.
The latest actuarial valuation report, dated March 14, 2014, on the long-term employee benefits liability was from PT KAIA Magna Consulting, an independent actuary.
Jumlah karyawan yang berhak atas liabilitas imbalan kerja jangka panjang tersebut sebanyak 214 dan 183 karyawan untuk tahun yang berakhir 31 Desember 2013 dan 2012.
The number of eligible employees is 214 and 183 as of December 31, 2013 and 2012, respectively.
Asumsi-asumsi aktuarial utama yang digunakan dalam perhitungan imbalan kerja jangka panjang adalah sebagai berikut:
The principal assumptions used in the valuation of the long-term employee benefits are as follows:
Tingkat diskonto Tingkat kenaikan gaji Tabel mortalita Usia pensiun normal (tahun)
31 Desem ber 2013/ Desember 31, 2013
31 Desem ber 2012/ December 31, 2012
6.32% 8.00% TMI 2011 55 tahun/years
6.32% 8.00% TMI 2011 55 tahun/years
Annual discount rate Annual salary increase rate Mortality table Normal retirement age (years)
Detail of long-term employee benefitsexpense:
Berikut adalah rincian beban imbalan kerja jangka panjang: 31 De s e m be r 2013/ December 31, 2013
31 De s e m be r 2012*)/ December 31, 2012 *)
Beban jasa kini Beban bunga Keuntungan aktuarial yang diakui - bersih Amortisasi biaya jasa lalu - non vested Dampak kurtailmen
3,804,064 1,125,803 (15,166) 8,839 (395,647)
3,500,843 103,957 (43,870) -
Current service costs Interest costs Recognized actuarial gains Amortised Curtailment
Jum lah be ban im balan k e rja jangk a panjang
4,527,893
3,560,930
Tota l long term employee benefit expense
Movements of long-term employee liability are as follows:
Mutasi liabilitas imbalan kerja jangka panjang adalah sebagai berikut: 31 Desem ber 2013/ December, 31 2013 Liabilitas imbalan kerja jangka panjang aw al periode Beban imbalan kerja jangka panjang periode berjalan Liabilitas im balan kerja jangka panjang akhir periode
31 Desember 2012*)/ December 31, 2012 *)
benefits
31 Desember 2012/ December 31, 2012 *)
8,572,611
5,011,681
3,280,220
4,527,893
3,560,930
1,680,484
13,100,504
8,572,611
4,960,704
Long term employee benefits at the beginning of the period Long term employee benefits during the period Long term employee benefits at the end of the period
Long term employee benefits expense is presented as part of "Operating expenses" (Note 24).
Beban imbalan kerja jangka panjang disajikan sebagai bagian dari “Beban usaha” (Catatan 24).
- 84 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 28.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Pajak Penghasilan
28.
The net tax expense of the Company consists of the following:
Beban (penghasilan) pajak Perusahaan terdiri dari: 31 Desem ber 2013/ December 31, 2013 Pajak kini Induk perusahaan Entitas Anak Sub-jumlah Aset (liabitas) pajak tangguhan Induk perusahaan Entitas Anak Sub-jumlah Jum lah
Income Tax
31 Desem ber 2012*)/ December 31, 2012 *)
20,631,142 3,995,401 24,626,543
371,722 1,816,143 2,187,865 22,438,678
21,655,448 2,518,517 24,173,965
Current tax Parent Subsidiaries Sub-total
(2,374,725) (778,378) (3,153,103)
Deferred tax asset (liabilities) Parent Subsidiaries Sub-total
27,327,068
Total
Pajak Kini
Current Tax
Rekonsiliasi antara laba sebelum pajak menurut laporan laba rugi komprehensif dengan laba kena pajak adalah sebagai berikut:
A reconciliation between income before tax per statements of comprehensive income and taxable income is as follows:
31 Desem ber 2013/ December 31, 2013 Laba sebelum beban pajak menurut laporan laba rugi komprehensif konsolidasian Rugi neto Entitas Anak sebelum beban pajak dan jurnal eliminasi Laba (rugi) Perusahaan sebelum beban pajak yang dapat diatribusikan
31 Desem ber 2012*)/ December 31, 2012 *)
126,012,889
95,579,358
(55,880,763)
(10,459,308)
70,132,126
85,120,050
Perbedaan temporer: Beban imbalan kerja jangka panjang
Cadangan (pemulihan cadangan) kerugian penurunan nilai piutang Cadangan persediaan usang dan kerugian penurunan nilai Amortisasi dampak pendiskontoan utang kepada pihak berelasi non-usaha Sew a guna usaha Cadangan biaya reklamasi Jumlah perbedaan temporer Perbedaan tetap: Beban pajak Pajak penghasilan pasal 21 Keperluan kantor Jamuan dan sumbangan Kesejahteraan karyaw an Pendapatan yang dikenakan pajak f inal: Bunga Jasa pelabuhan Jasa sew a kapal Laba Anak perusahaan Lain-lain Jumlah perbedaan tetap Laba kena pajak
1,680,484
1,680,484
2,832,562
(7,959,270)
-
833,320
-
912,915 (126,098) 5,530,776
4,513,046
872,127
9,493 541,811 310,992 -
2,149,092 1,867,723 805,769 434,167 128,739
(262,634) (7,395,309) 35,306,187
(308,166) (6,553,142) 9,089,666 10,459,308 4,211,907 22,285,063
28,510,540 103,155,712
108,277,240
- 85 -
Income before tax expense per consolidated statements of comprehensive income Net loss of Subsidiaries before tax expense and elimination journal entries Income (loss) before tax expense attributable to the Company Temporary differences: Long term employee benefits expense Allowance for (reversal of allowance for) doubtful trade accounts receivable Provision for obsolescence and decline in value of inventories Amortization of discount on amount due to related parties non operation Leasing Provision for reclamation costs Total temporary differences Permanent differences: Tax expense Income tax article 21 Office supplies Entertainment and donation Employees benefit expense Income already subjected to final tax: Interest Port service Vessel charter hire Income from subsidiaries Others Total permanent differences Taxable income
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 28.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Pajak Penghasilan (Lanjutan)
28.
Income Tax (Continued)
Laba kena pajak hasil rekonsiliasi menjadi dasar dalam pengisian SPT Tahunan PPh badan.
The taxable income from the above reconciliation was the basis in filing the annual corporate income tax return.
Perhitungan beban dan utang pajak kini adalah sebagai berikut:
The current tax expense and payable are computed as follows:
31 Desem ber 2013/ December 31, 2013
31 Desem ber 2012/ December 31, 2012
Beban pajak kini Pajak Non-f inal
20,631,142
21,655,448
Current tax expense Non-final Tax
Jumlah beban pajak kini
20,631,142
21,655,448
Total current tax expense
2,217,143 1,138,566 1,641,709
655,314 7,570,769
4,997,418
8,226,083
15,633,724
13,429,365
Dikurangi pembayaran pajak dimuka Pajak penghasilan ayat 4(2) Pajak penghasilan ayat 22 Pajak penghasilan ayat 23 Pajak penghasilan ayat 25 Jumlah Utang pajak kini
Rincian aset pajak tangguhan adalah sebagai berikut:
Current tax payabl e
The details of the Company’s deferred tax assets are as follows:
Perusahaan
Dik reditk an (dibebank an) ke laporan laba rugi k om pre he nsif/ Credited in (cha rged to) sta tement of comprehensive income
Dikre ditkan k e laporan laba rugi kom prehe ns if/ Credi ted i n statement of comprehensive income
31 Des em ber 2012*)/ December 31, 2012 *)
1,932,963
(1,661,957)
271,006
(566,512)
2,357,244
(112,123)
2,245,121
(609,372)
1 Januari 2012/ January 1, 2012
Pajak tangguhan Entitas anak Aset pajak tangguhan Sub-jumlah Liabilitas pajak tangguhan Jum lah - Bers ih
Total
Deferred Tax
Pajak Tangguhan
Cadangan kerugian penurunan nilai piutang Cadangan persediaan usang dan kerugian penurunan nilai Cadangan imbalan kerja jangka panjang Dampak pendiskontoan utang pihak berelasi non-usaha Cadangan biaya reklamasi Jum lah - bers ih
Less prepaid income taxes Income tax article 4(2) Income tax article 22 Income tax article 23 Income tax article 25
858,960 5,149,167
5,149,167 5,149,167
31 De se m be r 2013/ December 31, 2013
(1,839,981) 1,106,155 (2,374,725)
(1,839,981) 1,106,155 2,774,442
(154,707) 1,106,155 371,723
(1,994,688) 2,212,310 3,146,165
Allowance for doub tful trade accounts receivab le Allowance for obsolescence and decline in value of inventories Defined-benefit post-employment reserve Discount on amount due to related parties - non operation Provision for reclamation cost Total - Net
1,509,761 (864,964) (2,288,139) (3,153,103)
1,509,761 4,284,203 (2,288,139) 1,996,064
1,816,142 2,187,865 2,187,865
3,325,903 6,472,068 (2,288,139) 4,183,929
Deferred tax of Sub sidiaries Deferred tax asset Sub-total Deferred tax liabilities Total - Net
133,181
992,141
(295,506) 1,635,749
596,159
1,588,300
Berdasarkan Surat No. S-13/D.04/2013 tanggal 30 Januari 2013 dari Otoritas Jasa Keuangan (OJK) (sebelumnya Bapepam dan LK) kepada Direktur Jendral Pajak Kementerian Keuangan Republik Indonesia, Perusahaan termasuk dalam daftar emiten yang memenuhi ketentuan untuk memperoleh penurunan tarif Pajak Penghasilan sebesar 5% untuk tahun 2012. Karenanya Perusahaantelah mengaplikasikan penurunan tarif pajak tersebut dalam penghitungan pajak penghasilan tangguhan.
Based on letter No. S-13/D.04/2013 dated January 30, 2013 from the Financial Services Authority (OJK) (formerly Bapepam - LK) to Directorate General of Taxation the Ministry of Financial Republic of Indonesia, the Company is entitled to reduction in income tax rate of 5% in 2012. Therefore, the Company has applied the reduced tax rate in determining its deferred tax.
Manajemen berpendapat bahwa Perusahaan dapat menghasilkan laba kena pajak yang memadai sehingga aset pajak tangguhan dapat terpulihkan seluruhnya.
Management believes that the Company will be able to generate future taxable income against which these deferred tax assets can be utilized.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 29.
Sifat dan Transaksi dengan Pihak Berelasi
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 29.
Sifat Pihak Berelasi
Nature of Relationship and Transactions with Related Parties Nature of Relationship Andri Cahyadi is the ultimate stockholder of the Company.
Andri Cahyadi adalah pemegang saham akhir Perusahaan. Transaksi Pihak Berelasi
Transactions with Related Parties
a.
a.
d.
Utang pihak berelasi non-usaha
Due to a related party- non operation
Berdasarkan Surat Pengakuan Utang tanggal 6 Januari 2010 dan Adendum Surat Pengakuan Utang tanggal 4 Oktober 2012, Perusahaan memperoleh pinjaman tanpa bunga dari Andri Cahyadi yang akan jatuh tempo dalam waktu (10) tahun sejak tanggal 1 Januari 2010.
Based on Letter of Acknowlegment of Debt dated January 6, 2010, and Addendum Letter of Acknowledgment of Debt dated October 4, 2012, the Company obtained a non-interest bearing loan from Andri Cahyadi which will be due in(10) years from January 1, 2010.
Berdasarkan Adendum II Surat Pengakuan Utang tanggal 29 November 2012, Perusahaan menerima tambahan utang sebesar Rp 300.000, dengan periode dan kondisi yang sama.
Based on Addendum II Letter of Acknowledgment of Debt dated November 29, 2012, the Company has received additional loan amounting to Rp 300,000, with the same term and condition.
Pada tanggal 31 Desember 2013, dan 2012, utang pihak berelasi non-usaha masing-masing sebesar Rp 105.427.946 dan Rp 10.365.036 atau sebesar 1,96% dan 1,19% dari jumlah liabilitas.
As of Desember 31, 2013 and 2012, due to a related party - non operation amounted to Rp 105,427,946 and Rp 10,365,036 respectively, or 1.96% and 1.19% respectively, of the total liabilities. b.
Jaminan utang bank untuk PT Dwi Guna Laksana
Collateral for bank loan of PT Dwi Guna Laksana Land located in Pandan Sari Village, Kintap Sub-district, District of Tanah Laut, South Kalimantan with a total area of 776,275 square meters is used a collateral for bank loan obtained by PT Dwi Guna Laksana, from PT Bank Rakyat Indonesia (Persero) Tbk. (Note 10).
Tanah di Desa Pandan Sari, Kecamatan Kintap, Kabupaten Tanah Laut, Kalimantan 2 Selatan seluas 776.275 m digunakan sebagai jaminan utang bank PT Dwi Guna Laksana, yang diperoleh dari PT Bank Rakyat Indonesia (Persero) Tbk. (Catatan 10).
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 30.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Laba Per Saham
30.
The computation of basic earnings per share is based on the following data:
Perhitungan laba per saham dasar adalah sebagai berikut: 31 Desem ber 2013/ Decem ber 31, 2013
31 Desem ber 2013*)/ Desember 31, 2012*)/
85,315,459,000
68,231,814,293
8,956,361,206
8,956,361,206
9.53
7.62
Laba bersih Rata-rata tertimbang jumlah saham beredar (angka penuh) Laba per saham dasar (dalam Rupiah penuh)
31.
Perjanjian Penting dan Komitmen a.
Earnings Per Share
31.
PT Perusahaan Listrik Negara (Persero)
Net income Weighted average number of shares outstanding (full amount) Basic earnings per share (in full amount of Rupiah)
Significant Contracts and Commitments a.
PT Perusahaan Listrik Negara (Persero)
Berdasarkan amandemen Power Purchase Agreement (PPA) tanggal 10 Januari 2012, Perusahaan dan PT Perusahaan Listrik Negara (Persero) (PLN) menyetujui penyesuaian harga pembelian Tenaga Listrik PLTU Pangkalan Bun 2x5,5 MW.
Based on amended of Power Purchase Agreement dated January 10, 2012, the Company and PT Perusahaan Listrik Negara (Persero) (PLN), agreedto a purchase price adjustment for steam power plant Pangkalan Bun 2x5.5 MW.
Berita Acara Hasil Renegosiasi Usulan Perubahan Harga dan Kondisi Perjanjian Pembelian Tenaga Listrik PLTU masingmasing sebagai berikut:
Minutes of the Renegotiation regarding the Proposed Changes in Purchase Price and Power Purchase Agreement Conditions for PLTU are as follows:
-
No. 03/BA/PBUN/TIM1/2010 untuk PLTU Pangkalan Bun (2x5,5) MW tanggal 08 Juni 2010;
-
No. 03/BA/PBUN/TIM1/2010 for steam power plant Pangkalan Bun (2x5.5) MW on June 08, 2010;
-
No. 02/BA/121/TIM3/2010 untuk PLTU Rengat - Riau (2x5,5) MW tanggal 10 Juni 2010;
-
No. 02/BA/121/TIM3/2010 for steam power plant Rengat - Riau (2x5.5) MW on June 10, 2010;
-
No. 03/BA/121/TIM3/2010 untuk PLTU Tembilahan - Riau (2x5,5) MW tanggal 10 Juni 2010.
-
No. 03/BA/121/TIM3/2010 for steam power plant Tembilahan - Riau (2x5.5) MW on June 10, 2010.
The results of the renegotiations are as follows:
Hasil renegosiasi ulang tersebut adalah sebagai berikut:
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
i.
31.
Significant Contracts and Commitments (Continued)
i.
PLTU Pangkalan Bun
Komponen/ Component
Tahun/ Years
A A A A A B C D
1-5 6 - 10 11 - 15 16 - 20 21 - 25 1 - 25 1 - 25 1 - 25
Harga dasar (angka penuh)/ Base price (full amount) Sebelum Hasil renegosiasi ulang/ renegosiasi ulang/ Before renegotiation Result of renegotiation
310 243 194 189 182 40 216 10
Levelized tarif ABD/Levelized ABD tariff
ii.
ii.
Tahun/ Years
A A A A A B C D
1-5 6 - 10 11 - 15 16 - 20 21 - 25 1 - 25 1 - 25 1 - 25
438 219 175.20 175.20 175.20 40 Pass - through 10
519.91
PLTU Rengat
Komponen/ Component
Steam Power Plant Pangkalan Bun
357.11
Steam Power Plant Rengat
Harga dasar (angka penuh)/ Base price (full amount) Sebelum Hasil renegosiasi ulang/ renegosiasi ulang/ Before renegotiation Result of renegotiation
310 243 194 189 182 40 216 10
532 152 121.00 117.00 113.00 40 Pass - through 10
Levelized tarif ABCD/Levelized ABCD tariff
519.91
-
Levelized tarif ABD/Levelized ABD tariff
303.91
349.79
- 89 -
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
iii.
31.
Significant Contracts and Commitments (Continued) iii.
PLTU Tembilahan Riau
Komponen/ Component
Tahun/ Years
A A A A A B C D
1-5 6 - 10 11 - 15 16 - 20 21 - 25 1 - 25 1 - 25 1 - 25
Steam Power Plant Tembilahan Riau
Harga dasar (angka penuh)/ Base price (full amount) Sebelum Hasil renegosiasi ulang/ renegosiasi ulang/ Before renegotiation Result of renegotiation
310 243 194 189 182 40 216 10
532 152 121.00 117.00 113.00 40 Pass - through 10
Levelized tarif ABCD/Levelized ABCD tariff
519.91
-
Levelized tarif ABD/Levelized ABD tariff
303.91
349.79
Berdasarkan Power Purchase Agreement tanggal 21 Maret 2007 (Master Agreement) antara Perusahaan dengan PLN, Perusahaan akan membangun pembangkit listrik berbahan bakar batu bara (coal fired power plant) dengan kapasitas 2x5,5 MW yang berlokasi di Pangkalan Bun, Kalimantan Tengah, Rengat, Riau dan Tembilahan Riau. PLN akan membangun jaringan transmisi 20 kV yang mengalirkan energi listrik dari pembangkit listrik ke sistem jaringan PLN terdekat. Perjanjian ini berlaku selama 25 tahun dengan harga jual dengan tarif dasar Rp 519,91 (Rupiah penuh) per kwh dengan potongan harga 10% per tahun. Harga ini akan berubah, tergantung perubahan komponen dari harga jual.
Based on the Master Agreement (MA)of the Power Purchase Agreement dated March 21, 2007, between the Company and PLN, the Compary will build a coal fired power plant with a capacity 2x5.5 MW in Pangkalan Bun, Central Kalimantan, Rengat and Tembilahan, Riau Province. PLN will build transmission network with capacity of 20 kV which will carry the flowof electricity from power plant to the nearest PLN system. This agreement is valid for 25 years from the agreement date, ata rate of Rp 519.91 (full amount) per kwh with discount of 10% per annum. Therateis subject to changes, depending on the price changes of the components of the sales price.
Untuk menjamin pelaksanaan ini, Perusahaan memberikan bank garansi sebesar Rp 2.227.500 dalam bentuk deposito berjangka yang disajikan sebagai bagian “Aset lain-lain” pada laporan posisi keuangan. Master Agreement ini menggantikan Perjanjian yang telah dibuat sebelumnya dengan PLN wilayah (Catatan 12).
To guarantee the implementation of this Agreement, the Company deposited a bank guarantee amounting to Rp 2,227,500 presented as “Other assets" in the statements of financial position. This MA supersed the previous agreement made with the regional PLN office (Note 12).
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
b.
31.
Significant Contracts and Commitments (Continued)
Pada tahun 2012, Perusahaan telah mencairkan deposito berjangka pada PT Bank Mayapada International Tbk., pihak ketiga.
In 2012, the Company has liquidation a time deposit in PT Bank Mayapada International Tbk., third party.
Dalam perjanjian tersebut, PLN bersedia untuk membeli tenaga listrik dengan harga Rp 448 (Rupiah penuh) per Kwh tidak termasuk PPN, terhitung sejak operasi komersial dan kelayakan operasi yang dinyatakan oleh pihak yang berwenang dengan dibuat berita acara yang ditandatangani oleh kedua belah pihak. Surat perjanjian ini telah diganti dengan Master Agreement (MA).
Based on agreement, PLN agreed to purchase the electricity at a price of Rp 448 (full amount) per Kwh excludingValue Added Tax starting from commercial operation and based on the acceptance certificate signed by both parties. This agreement letter has been replaced with MA.
Berdasarkan Rapat Umum Pemegang Saham Luar Biasa Perusahaan sebagaimana tercantum dalam Akta No. 22 tanggal 24 Mei 2004 dari Endrawila Pratama S.H., pengganti dari Benny Kristianto S.H., notaris di Jakarta, para pemegang saham menyetujui untuk mengalihkan proyek dan penggunaan dana untuk pembangunan PLTU yang berlokasi di Sampit, Kabupaten Kota Waringin Timur, Kalimantan Tengah dan Batu Licin, Kabupaten Tanah Bumbu, Kalimantan Selatan ke proyek pembangunan PLTU yang berlokasi di Tembilahan dan Rengat, Propinsi Riau.
Based on the Extraordinary General Meeting of Stockholdersas stated in Deed No. 22 of Endrawila Pratama S.H., dated May 24, 2004, a subtitute of Benny Kristianto S.H., a public notary in Jakarta, the stockholders agreed to transfer the fundsfrom the steam power plant project which is located in Sampit, District of East Kota Waringin, Central Kalimantan and Batu Licin, District of Tanah Bumbu, South Kalimantan tosteam power plant construction located at Tembilahan and Rengat, Riau Province.
PT Cipta Prima Power
b.
PT Cipta Prima Power On November 3, 2008, the Company entered into an agreement with PT Cipta Prima Power regarding the implementation of turnkey works (Civil, Mechanical, Electrical and Commissioning) in connection with steam power plant construction located in area of Pangkalan Bun, West Kota Waringin, Central Kalimantan province, with a contract value of Rp 68,000,000.
Pada tanggal 3 November 2008, Perusahaan mengadakan perjanjian dengan PT Cipta Prima Power sehubungan dengan pekerjaan turnkey (sipil, mekanikal, elektrikal dan commisioning) sehubungan dengan pelaksanaan pembangunan PLTU di daerah Pangkalan Bun, Kabupaten Kota Waringin Barat Propinsi Kalimantan Tengah dengan nilai kontrak sebesar Rp 68.000.000.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
31.
Significant Contracts and Commitments (Continued)
Berdasarkan addendum tanggal 11 Februari 2009, sehubungan dengan pekerjaan turnkey (sipil, mekanikal, elektrikal dan commissioning) terdapat perubahan pasal 4 dari perjanjian sebelumnya terkait dengan pembayaran sehubungan dengan pelaksanaan pembangunan PLTU yang berlokasi di Pangkalan Bun, Kalimantan Tengah.
Based on the addendum in the turnkey work agreement, dated February 11, 2009, there were changes in Article 4 of the previous agreement which pertain to the payment terms stated with respect to the construction of the power plant located in Pangkalan Bun, Central Kalimantan.
Berdasarkan Surat Perjanjian tanggal 21 Juli 2009, Perusahaan mengadakan kontrak perjanjian dengan PT Cipta Prima Power tentang pelaksanaan pekerjaan turnkey (sipil, mekanikal, elektrikal dan commisioning) sehubungan dengan pelaksanaan pembangunan PLTU di daerah Tembilahan, Propinsi Riau dengan nilai kontrak sebesar US$ 10.253.058 (angka penuh) dan Rp 65.577.164. Jangka waktu pekerjaan dimulai sejak Juli 2009 sampai dengan April 2012.
Based on the Agreement dated July 21, 2009, the Company entered into a contract with PT Cipta Prima Power regarding the implementation of turnkey work (Civil, Mechanical, Electrical and Commissioning) in connection with the steam power plant construction in areas of Tembilahan, Riau Province with contract values of US$ 10,253,058 (full amount) and Rp 65,577,164. The construction period is from July 2009 until April 2012.
Berdasarkan Surat Perjanjian tanggal 21 Juli 2009, Perusahaan mengadakan kontrak perjanjian dengan PT Cipta Prima Power tentang pelaksanaan pekerjaan turnkey (sipil, mekanikal, elektrikal dan commisioning) sehubungan dengan pelaksanaan pembangunan PLTU di daerah Rengat, Propinsi Riau dengan nilai kontrak sebesar US$ 10.253.058 (angka penuh) dan Rp 65.577.164. Jangka waktu pekerjaan dimulai sejak Juli 2009 sampai dengan April 2012.
Based on the Agreement dated July 21, 2009, the Company entered into a contract with PT Cipta Prima Power regarding the implementation of turnkey work (Civil, Mechanical, Electrical and Commissioning) in connection with the steam power plant construction in areas of Rengat, Riau Province with contract values of US$ 10,253,058 (full amount) and Rp 65,577,164. The construction period is from July 2009 until April 2012.
Berdasarkan Berita Acara Serah Terima Pekerjaan tanggal 14 Oktober 2012 antara Perusahaan dengan PT Cipta Prima Power pelaksanaan pekerjaan turnkey (sipil, mekanikal, elektrikal dan commissioning) di PLTU Pangkalan Bun, Kotawaringin Barat Kalimantan Tengah, telah selesai dilaksanakan dan diserahterimakan.
On October 14, 2012, based on the Minutes of Transfer of Work between the Company and PT Cipta Prima Power, the execution of turnkey works (civil, mechanical, electrical and commissioning) in plant Pangkalan Bun, West Kotawaringin - Central Kalimantan, has been completed.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
c.
31.
PT Indonesia Power
Significant Contracts and Commitments (Continued) c.
PT Indonesia Power
Berdasarkan Surat Perjanjian No. 04.PJ/ 061/IP/2006 tanggal 11 Januari 2006, Perusahaan mengadakan kontrak perjanjian dengan PT Indonesia Power (IP) untuk menyediakan batubara untuk PLTU Suralaya sebesar 1.000.000 MT dan akan berubah menjadi 4.000.000 MT setelah mendapat persetujuan Rapat Umum Pemegang Saham IP. Perjanjian ini berlaku selama empat (4) tahun sampai dengan tanggal 31 Desember 2009.
Based on the Agreement No. 04.PJ/061 /IP/2006 dated January 11, 2006, the Company entered into a contract with PT Indonesia Power (IP) for the supply of coal to Suralaya steam power plant with a quantity of 1,000,000 MT which then became 4,000,000 MT after the approval from the Shareholders of IP. This agreement is valid for four(4) years until December 31, 2009.
Harga kontrak awal adalah harga batubara di receiving hopper PLTU Suralaya sebesar Rp 252/MTditinjau kembali setiap tahun.
The initial contract price of coal in receiving hopper of Suralaya steam power plantis Rp252/MT subject to annual review.
Berdasarkan addendum tanggal 11 Maret 2012, jaminan pelaksanaan dengan nilai nominal Rp 24.944.500 diterbitkan oleh PT Bank Rakyat Indonesia (Persero) Tbk. dengan masa berlaku dari tanggal 1 Januari 2012 sampai 31 Desember 2012. Perjanjian tersebut telah mengalami perubahan mengenai harga batubara menjadi Rp 723/MT sebanyak 600.000 MT sejak bulan Januari 2012 sampai dengan Desember 2012.
Based on addendum dated March 11, 2012, about implementation guarantee with nominal value Rp 24,944,500 issued by PT Bank Rakyat Indonesia (Persero) Tbk. and is valid from January 1, 2012 to December 31, 2012. Also, the agreement has been amended concerning the price of coal amounting to Rp 723/MT with a quantity of 600,000 MT effective from January to December 2012.
Berdasarkan Addendum atas Lampiran Amandemen dan Pernyataan Kembali Perjanjian tanggal 26 September 2012, IP dan Perusahaan menyetujui antara lain perubahan harga batubara menjadi Rp 680/MT, untuk sebanyak 3.000.000 MT berlaku sejak Oktober 2012 sampai dengan Desember 2015.
Based on Addendum on the Attachment of Amendment and Restatement of Agreement dated September 26, 2012, IP and the Company agreed to, among others, change in the price of coal amounting to Rp 680/MTwith a quantity of 3,000,000 MT effective from October 2012 to December 2015.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
d.
e.
31.
Proyek PLTU Tembilahan - Riau
Significant Contracts and Commitments (Continued) d.
Project Steam Power Plant Tembilahan Riau
Pada bulan Desember 2003, Perusahaan memiliki beberapa perjanjian dengan PT Armata Bumi Asri, PT Buana Pratama, PT Energi abadi, FT Fajar Timur Abadi, PT Kreasi Mandiri Sejahtera, PT Melamolita, PT Nuansa Bayu Abadi dan PT Satria Mandiri (pelaksana), sehubungan dengan pelaksanaan pembangunan PLTU didaerah Sampit, Kabupaten Kota Waringin Timur, Kalimantan Tengah dengan nilai kontrak seluruhnya sebesar Rp 121.287.765.
In March 2003, the Company entered into an agreement with PT Armata Bumi Asri, PT Buana Pratama, PT Energi Abadi, PT Fajar Timur Abadi, PT Kreasi Mandiri Sejahtera, PT Melamolita, PT Nuansa Bayu Abadi and PT Satria Mandiri, in relation to the implementation of steam power plant construction in Sampit, District of East Kota Waringin, Central Kalimantan with a total contract value of Rp 121,287,765.
Perusahaan telah membayar kontrak dan biaya-biaya yang dikeluarkan untuk proyek ini dengan jumlah keseluruhan sebesar Rp 125.693.915 dan Rp 130.465.165 masing-masing pada tanggal 31 Desember 2013 dan 2012 disajikan sebagai bagian dari “Uang muka proyek” pada laporan posisi keuangan (Catatan 8).
The Company has paid the contract price and expenses for this project amounting of Rp 125,693,915 and Rp 130,465,165 as of December 31, 2013 and 2012 were presented as part of “Project Advances” in the statements of financial position (Note 8).
Proyek PLTU Rengat - Riau
e.
Project Steam Power Plant Rengat - Riau
Pada bulan Desember 2003, Perusahaan memiliki beberapa perjanjian dengan PT Catur Asri Persada, PT Citra Jaya Abadi, PT Jaya Abadi, PT Narajaya Primerindo, PT Pana Utama, PT Ramada Aria dan PT Restin (pelaksana) sehubungan dengan pelaksanaan pembangunan PLTU dan prasarananya didaerah Batu Licin, Kabupaten Tanah Bumbu, Kalimantan Selatan dengan nilai kontrak seluruhnya sebesar Rp 63.661.218.
In March 2003, the Company entered into an agreement with PT Catur Asri Persada, PT Citrajaya Abadi, PT Jaya Abadi, PT Narajaya Primerindo, PT Pana Utama, PT Ramada Aria and PT Restin in relation to the implementation of Steam power plant construction and infrastructure in Batu Licin, District of Tanah Bumbu - South Kalimantan with a total contract value of Rp 63,661,218.
Perusahaan telah membayar kontrak dan biaya-biaya yang dikeluarkan untuk proyek ini dengan jumlah keseluruhan sebesar Rp 62.638.215 dan Rp 67.191.965 pada tanggal 31 Desember 2013 dan 2012 dan disajikan sebagai bagian dari "Uang muka proyek" pada laporan posisi keuangan (Catatan 9).
The Company has paid the contract price and expenses for this project amounting to Rp 62,638,215 and Rp 67,191,965 as of Desember 31 , 2013 and 2012 and were presented as part of “Project Advances” in the statements of financial position (Note 9).
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
f.
31.
PLTU Labuan - Banten
Significant Contracts and Commitments (Continued) f.
Based on the Coal Sale and Purchase Agreement No. 007.PJ/041/DIR/2012 and No. 001/PJBB-LRC/CNKO-PLN/X/2012 dated January 20, 2012 with amendment IV No. 187.Pj/041/DIR/2012 dated July 31, 2012, between PLN and consortium of the Company and CV Multi Bara Persada, the Company will sell low rank coal(LRC) as much as 235,584 tons/year, to PLN (Persero) to meet the needs of Labuan - Banten steam power plant 2 x 300 MW.
Berdasarkan Perjanjian Jual Beli Batubara No. 007.PJ/041/DIR/2012 dan No. 001/PJBB-LRC/CNKO-PLN/X/2012 tanggal 20 Januari 2012 dengan amandemen IV No. 187.Pj/041/DIR/2012 tanggal 31 Juli 2012, antara PLN dan Konsorsium Perusahaan dan CV Multi Bara Persada, Perusahaan akan menjual batubara peringkat rendah (Low Rank Coal/ LRC) kepada PLN untuk kebutuhan PLTU Labuan - Banten 2 x 300 MW sebanyak 235.584 ton/tahun. g.
PLTU Teluk Naga/Lontar - Tangerang
g.
Steam Power Plant Teluk Naga/Lontar Tangerang Based on the Coal Sale and Purchase Agreement No. 129.PJ/041/DIR/2012 and No.001/PJBB-LRC/CNKO-PLN/II/2012 dated March 14, 2012 with amendment IV No. 184.Pj/041/DIR/2012 dated July 31, 2012, between PLN and consortium of the Companyand CV Multi Bara Persada, the Company will sell as much as 248,000 tons/yearof low rank coal to PLN to provide for the needs of Teluk Naga/Lontar - Tangerang steam power plant 3 x 315 MW.
Berdasarkan Perjanjian Jual Beli Batubara No. 129.PJ/041/DIR/2012 dan No. 001/PJBB-LRC/CNKO-PLN/II/2012 tanggal 14 Maret 2012 dengan amandemen IV No. 184.Pj/041/DIR/2012 tanggal 31 Juli 2012, antara PLN dan Konsorsium Perusahaan dan CV Multi Bara Persada, Perusahaan akan menjual Batubara peringkat rendah (Low Rank Coal/ LRC) kepada PLN untuk kebutuhan PLTU Teluk Naga/Lontar - Tangerang 3 x 315 MW sebanyak 248.000 ton/tahun. h.
Steam Power Plant Labuan - Banten
PLTU Suralaya - Banten
h.
Steam Power Plant Suralaya - Banten Based on the Coal Sale and Purchase Agreement No. 161.PJ/041 /DIR/2012 and No. 003/PJBB-LRC/CNKO-PLN/I1I/2012 dated May 4, 2012 with amendment III No. 186.Pj/041/DIR/2012 dated July 31, 2012, between PLN and consortium of the Company and CV Multi Bara Persada, the Company will sell as much as 300,800 tons/year of low rank coal to PLN to supply for the needs of Suralaya Banten steam power plant 1 x 625 MW.
Berdasarkan Perjanjian Jual Beli Batubara No. 161.PJ/041/DIR/2012 dan No. 003/PJBB-LRC/CNKO-PLN/III/2012 tanggal 4 Mei 2012 dengan amandemen III No. 186.Pj/041/DIR/2012 tanggal 31 Juli 2012, antara PLN dan Konsorsium Perusahaan dan CV Multi Bara Persada, Perusahaan akan menjual Batubara peringkat rendah (Low rank coal) kepada PLN (Persero) untuk kebutuhan PLTU Suralaya - Banten 1 x 625 MW sebanyak 300.800 ton/tahun.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
i.
31.
PLTU Indramayu - Jawa Barat
Significant Contracts and Commitments (Continued) i.
PLTU Rembang - Jawa Tengah
j.
Indramayu
-
Steam Power Plant Rembang - Central Java Based on the Coal Sale and Purchase Agreement No. 130.PJ/041/DIR/2012 and No. 002/PJBB-LRC/CNKO-PLN/X/2012 dated March 16, 2012 with amendment III No. 185.Pj/041/DIR/2012 dated July 31, 2012, between PLN and consortium of the Company and CV Multi Bara Persada, the Company will sell low ranked coal as much as 198,400 tons /year to PLN to provide for the needs of Rembang - Central Java steam power plant 2 x 350 MW.
Berdasarkan Perjanjian Jual Beli Batubara No. 130.PJ/041/DIR/2012 dan No. 002/PJBB-LRC/CNKO-PLN/X/2012 tanggal 16 Maret 2012 dengan amandemen III No. 185.Pj/041/DIR/2012 tanggal 31 Juli 2012, antara PLN dan Konsorsium Perusahaan dan CV Multi Bara Persada, Perusahaan akan menjual Batubara peringkat rendah (Low rank coal) kepada PLN untuk kebutuhan PLTU Rembang - Jawa Tengah 2 x 350 MW sebanyak 198.400 ton/tahun. k.
Plant
Based on the Coal Sale and Purchase Agreement No. 006.PJ/041/DIR/2012 and No. 003/PJBB-LRC/CNKO-PLN/X/2012 dated January 20, 2012 with amendment IV No. 188.Pj/041/DIR/2012 dated July 31, 2012, between PLN and consortium of the Company and CV Multi Bara Persada, the Company will sell as much as 196,320 tons/year of low rank coal to PLN to provide for the needs of Indramayu - West Java steam power plant 3 x 330 MW.
Berdasarkan Perjanjian Jual Beli Batubara No. 006.PJ/041/DIR/2012 dan No. 003/PJBB-LRC/CNKO-PLN/X/2012 tanggal 20 Januari 2012 dengan amandemen IV No. 188.Pj/041/DIR/2012 tanggal 31 Juli 2012, antara PLN dan Konsorsium Perusahaan dan CV Multi Bara Persada, Perusahaan akan menjual Batubara peringkat rendah (Low rank coal/LRC) kepada PLN untuk kebutuhan PLTU Indramayu - Jawa Barat 3 x 330 MW sebanyak 196.320 ton/tahun. j.
Steam Power West Java
PT Bank Rakyat Indonesia (Persero) Tbk.
k.
PT Bank (Persero) Tbk.
Rakyat
Indonesia
Based onAgreement ofWorking Capital Credit Withdrawal Approval I and II as documented on Notarial Deed No. 14 and 15 dated October 2, 2012, the Company obtained loan facility from PT Bank Rakyat Indonesia (Persero) Tbk. in the form of working capital in accordance with the invoice/ordering and payment terms, will be due in one (1) year. Proceeds from these facilities will be used for additional working capital to finance the purchase of coal to fuel Steam Power Plant Rengat and Tembilahan.
Berdasarkan Perjanjian Kredit Modal Kerja Withdrawal Approval I dan II yang didokumentasikan dalam Akta No. 14 dan 15 tanggal 2 Oktober 2012, Perusahaan memperoleh fasilitas pinjaman dari PT Bank Rakyat Indonesia (Persero) Tbk. dalam bentuk fasilitas kredit modal kerja sesuai dengan faktur/pemesanan dan pembayaran termin, yang akan jatuh tempo dalam waktu satu (1) tahun. Fasilitas yang diberikan digunakan untuk membiayai kebutuhan batubara untuk operasional PLTU Rengat dan Tembilahan.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 31.
32.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Perjanjian Penting dan Komitmen (Lanjutan)
31.
Significant Contracts and Commitments (Continued)
Berdasarkan Perjanjian Kredit Modal Kerja Credit Overcomst Tetap I dan II yang didokumentasikan dalam Akta No. 11 dan 12 tanggal 2 Oktober 2012, Perusahaan memperoleh fasilitas pinjaman dari PT Bank Rakyat Indonesia (Persero) Tbk. dalam bentuk fasilitas modal kerja dengan jumlah fasilitas maksimum sebesar Rp 1.000.000 yang akan jatuh tempo dalam waktu satu (1) tahun. Fasilitas yang diberikan digunakan untuk tambahan modal kerja untuk biaya operasional PLTU Rengat dan Tembilahan.
Based onAgreement ofWorking Capital Credit Overcomst Fixed I and II as documented on Notarial Deed No. 11 and 12 dated October 2, 2012, the Company obtained loan facility from PT Bank Rakyat Indonesia (Persero) Tbk. in the form of working capital facility with maximum facility of Rp 1,000,000 and will be due in one (1) year. Facilities provided used for additional working capital for operating costs Steam Power Plant Rengat and Tembilahan.
Berdasarkan Akta Perjanjian Kredit Investasi No. 5 tanggal 2 Oktober 2012 antara Perusahaan dengan PT Bank Rakyat Indonesia (Persero) Tbk., Perusahaan memperoleh Fasilitas Kredit Investasi I yang digunakan untuk pendanaan atas investasi pembangunan PLTU Rengat.
Based on Deeds of Credit Investment No. 5 dated October 2, 2012 between the Company and PT Bank Rakyat Indonesia (Persero) Tbk., the Company obtained Credit Investing Facilities I used to finance the Construction of Steam Power Plant Rengat.
Berdasarkan Perjanjian Kredit Modal Kerja Credit Overcomst MenurunI dan II yangdidokumentasikan dalam Akta No. 8 dan 9 tanggal 2 Oktober 2012, Perusahaan memperoleh fasilitas pinjaman dari PT Bank Rakyat Indonesia (Persero) Tbk. dalam bentuk fasilitas modal kerja dengan jumlah fasilitas maksimum masing-masing sebesar Rp 5.000.000. Fasilitas ini digunakan untuk membiayai kebutuhan batubara sebelum COD PLTU Rengat dan Tembilahan.
Based onAgreement ofWorking Capital Credit Overcomst (non revolving) I and II as documented on Notarial Deed No. 8 and 9 dated October 2, 2012, the Company obtained loan facility from PT Bank Rakyat Indonesia (Persero) Tbk. in the form of working capital facility with maximum amount of Rp 5,000,000. The facilities used for financing coals before COD Steam Power Plant Rengat and Tembilahan.
Selama tahun 2012, Perusahaan belum mencairkan pinjaman dari PT Bank Rakyat Indonesia (Persero) Tbk.
During 2012, the Company has not obtained a loan from PT Bank Rakyat Indonesia (Persero) Tbk.
Tujuan dan Kebijakan Manajemen Risiko Keuangan
32.
Financial Risk Management Objectives and Policies The main risks arising from the Company’s financial instruments are interest rate risk, foreign exchange risk, credit risk and liquidity risk. The Company’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company’s financial performance.
Risiko-risiko utama yang timbul dari instrumen keuangan yang dimiliki Perusahaan adalah risiko suku bunga, risiko mata uang asing, risiko kredit dan risiko likuiditas. Program manajemen risiko Perusahaan secara keseluruhan difokuskan pada pasar keuangan yang tidak dapat diprediksi dan Perusahaan berusaha untuk meminimalkan efek yang berpotensi merugikan kinerja Perusahaan.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 32.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Tujuan dan Kebijakan Manajemen Risiko Keuangan (Lanjutan)
32.
Financial Risk Management Objectives and Policies (Continued)
Manajemen risiko merupakan tanggung jawab Direksi. Direksi bertugas menentukan prinsip dasar kebijakan manajemen risiko Perusahaansecara keseluruhan serta kebijakan pada area tertentu seperti risiko mata uang asing, risiko suku bunga, risiko kredit dan risiko likuiditas.
Risk management is the responsibility of the Directors. The Directors has the responsibility to determine the basic principles of the Group’s risk management as well as principles covering specific areas, such as foreign exchange risk, interest rate risk, credit risk and liquidity risk.
Risiko Suku Bunga
Interest Rate Risk
Risiko suku bunga adalah risiko dimana nilai wajar atau arus kas kontraktual masa datang dari suatu instrumen keuangan akan terpengaruh akibat perubahan suku bunga pasar. Eksposur utama Perusahaan yang terkait dengan risiko suku bunga adalah utang bank.
Interest rate risk is the risk that the fair value or contractual future cash flows of a financial instrument will be affected due to changes in market interest rates. The Company’s exposure relates to the interest rate risk relates primarily to bank loans.
Untuk meminimalkan risiko suku bunga, Perusahaan mengelola beban bunga melalui kombinasi utang dengan suku bunga tetap dan suku bunga variabel, dengan mengevaluasi kecenderungan suku bunga pasar. Manajemen juga melakukan penelaahan berbagai suku bunga yang ditawarkan oleh kreditur untuk mendapatkan suku bunga yang menguntungkan sebelum mengambil keputusan untuk melakukan perikatan utang baru.
To minimize interest rate risk, the Company manages interest cost by evaluating market rate trends. Management also conducts assessment among interest rates offered by banks to obtain the most favorable interest rate before taking any decision to enter a new loan agreement.
Tabel berikut adalah nilai tercatat, berdasarkan jatuh temponya, atas aset dan liabilitas keuangan Perusahaan yang terkait risiko suku bunga:
The following table sets out the carrying amount, by maturity, of the Company’s financial assets and liabilities that are exposed to interest rate risk:
Liabilitas/Liabilities Utang bank jangka pendek/Short-term Bank loans Utang bank jangka panjang/Long-term Bank loans Jumlah/Total
Jatuh Tempo dalam Satu Tahun/
Jatuh Tempo Pada Tahun ke - 2/
Within One Year
In the 2 nd Year
2013 Jatuh Tempo Jatuh Tempo Pada Tahun ke - 3/ Pada Tahun ke - 4/ In the 3 rd Year
In the 4 th Year
Jatuh Tempo Pada Tahun ke - 5/
Jumlah/
In the 5 th Year
Total
970,275,629 64,768,283
69,528,753
53,820,483
30,532,969
10,505,194
970,275,629 229,155,682
1,035,043,912
69,528,753
53,820,483
30,532,969
10,505,194
1,199,431,311
2012 Jatuh Tem po dalam Satu Tahun/ Wi thi n One Year
Jatuh Tem po Pada Tahun ke - 2/ In the 2 nd Year
Jatuh Tem po Pada Tahun ke - 3/ In the 3 rd Year
Jatuh Tem po Pada Tahun ke - 4/ In the 4 th Year
Jatuh Tem po Pada Tahun ke - 5/ In the 5 th Year
Liabilitas/Liabil i ti es Utang bank jangka pendek/Short-term Bank loans Utang bank jangka panjang/Long-term Bank loans
844,359,082 52,297,057
40,000,000
42,000,000
42,000,000
55,959,107
844,359,082 232,256,164
Jum lah/Total
896,656,139
40,000,000
42,000,000
42,000,000
55,959,107
1,076,615,246
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Jum lah/ Total
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 33.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Tujuan dan Kebijakan Manajemen Risiko Keuangan (Lanjutan)
33.
Financial Risk Management Objectives and Policies (Continued) 2012 Jatuh Tem po Jatuh Tem po Pada Tahun ke - 3/ Pada Tahun ke - 4/ rd In the 3 Year In the 4 th Year
Jatuh Tem po dalam Satu Tahun/ Within One Year
Jatuh Tem po Pada Tahun ke - 2/ In the 2 nd Year
Jatuh Tem po Pada Tahun ke - 5/ In the 5 th Year
Liabilitas/Liabilities Utang bank jangka pendek/Short-term Bank loans Utang bank jangka panjang/Long-term Bank loans
290,638,655 15,699,000
15,256,000
15,256,000
15,256,000
22,666,734
290,638,655 84,133,734
Jum lah/Total
306,337,655
15,256,000
15,256,000
15,256,000
22,666,734
374,772,389
Jum lah/ Total
Risiko Kredit
Credit Risk
Resiko kredit timbul dari kemungkinan ketidakmampuan pelanggan untuk memenuhi kewajibannya sesuai dengan syarat normal transaksi pada saat jatuh tempo pembayaran.
Credit risk is the risk that the Group will incur a loss arising from the customers or counterparties’ failure to fulfill their contractual obligations.
Risiko kredit timbul dari kas, piutang usaha, piutang lain-lain dan aset lain-lain. Manajemen menempatkan kas hanya pada bank yang bereputasi baik dan terpercaya. Untuk meminimalisasi risiko kredit atas piutang usaha yang berasal dari penjualan batubara, pendapatan PLTU, jasa pelabuhan dan lainnya, manajemen melakukan hubungan usaha dengan pelanggan yang memiliki kredibilitas, menerapkan kebijakan verifikasi dan otorisasi kredit.
Credit risk arises from cash, trade accounts receivable and other assets. Management placed cash, only to reputable banks and minimizes credit risk on receivable from sale of coal, revenue from steam power plant, port service and others, management are having business relationship with customers who has the credibility, establish verification policy and credit authorization.
Berdasarkan evaluasi, manajemen akan menentukan perkiraan jumlah yang tidak dapat ditagih atas piutang tersebut serta menentukan pembentukan akun cadangan kerugian penurunan nilai atas piutang usaha tersebut.
Based on evaluation, management determines the estimated uncollectible amount as well as determines the amount of impairment losses on trade accounts receivable.
Tidak ada limit kredit yang dilampaui selama periode pelaporan dan manajemen tidak mengharapkan kerugian dari kegagalan pihakpihak dalam melunasi utangnya.
No credit limits were exceeded during the reporting period, and management does not expect any losses from non-performance by these counterparties.
Lihat Catatan 6 untuk informasi jumlah piutang usaha berdasarkan umur (hari) dihitung sejak tanggal faktur yang belum jatuh tempo.
Refer to Note 6 for the information regarding the aging analysis of trade accounts receivable from the date of invoice issuance.
Kualitas kredit dari aset keuangan Perusahaan berupa kas, piutang usaha dan aset lain-lain adalah lancar, yang ditelaah dengan mengacu pada kredibilitas dan reputasi pihak rekanan serta informasi historis mengenai penerimaan pembayaran.
The credit quality of the Group’s financial assets of cash, trade accounts receivable and others assets are current, which are examined with reference to the credibility and reputation of the partners as well as historical information about the receipt of payment.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 32.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Tujuan dan Kebijakan Manajemen Risiko Keuangan (Lanjutan)
32.
Financial Risk Management Objectives and Policies (Continued)
Risiko Mata Uang Asing
Foreign Exchange Risk
Risiko nilai tukar adalah risiko dimana nilai wajar atau arus kas kontraktual masa datang dari suatu instrumen keuangan akan terpengaruh akibat perubahan nilai tukar.
Foreign exchange rate risk is the risk that the fair value or future contractual cash flow of a financial instrument will fluctuate because of changes in foreign exchange rates.
Perusahaan dalam melakukan kegiatan usahanya sebagian besar mempergunakan mata uang Rupiah dalam hal transaksi penjualan, pembelian bahan baku dan beban usaha. Transaksi usaha dalam mata uang asing hanya dilakukan untuk hal-hal khusus dan jika hal tersebut terjadi, manajemen akan melakukan review berkala atas eksposur mata uang asing tersebut.
The Company’s major transactions (i.e. sale, purchases and operating expenses) are mostly denominated in Indonesian currency. Transaction in foreign currency are only done for special purpose and the management regularly reviews its foreign currency exposure.
Risiko Likuiditas
Liquidity Risk
Risiko likuiditas adalah risiko kerugian yang timbul karena Perusahaan tidak memiliki arus kas yang cukup untuk memenuhi liabilitasnya.
Liquidity risk is a risk arising when the cash flows position of the Company is not enough to cover the liabilities which become due.
Dalam pengelolaan risiko likuiditas, manajemen memantau dan menjaga jumlah kas yang dianggap memadai untuk membiayai operasional Perusahaan dan untuk mengatasi dampak fluktuasi arus kas. Manajemen juga melakukan evaluasi berkala atas proyeksi arus kas dan arus kas aktual dan terus-menerus melakukan penelaahan pasar keuangan untuk mendapatkan sumber pendanaan yang optimal.
In the management of liquidity risk, management monitors and maintains a level of cash deemed adequate to finance the Company’s operations and to mitigate the effects of fluctuation in cash flows. Management also regularly evaluates the projected and actual cash flows and continuously assess conditions in the financial markets for opportunities to obtain optimal funding sources.
Tabel di bawah ini menganalisa liabilitas keuangan Perusahaan yang diselesaikan secara neto yang dikelompokkan berdasarkan periode yang tersisa sampai dengan tanggal jatuh tempo kontraktual. Jumlah yang diungkapkan dalam tabel merupakan arus kas kontraktual yang tidak didiskontokan.
The table below analyzes the Company’s financial liabilities into relevant maturity groupings based on the remaining period to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.
<= 1 tahun/ <= 1 Year Liabilitas Utang bank - jangka pendek Utang usaha Utang lain-lain Beban akrual Utang bank - jangka panjang Utang pihak berelasi non-usaha Jum lah liabilitas keuangan
1-2 tahun/ 1-2 Years
3-5 tahun/ 3-5 Years
2013 > 5 tahun/ > 5 Years
Jum lah/ Total
Nilai Tercatat/ As Reported
970,275,629 496,542,400 5,535,081 4,000,601 -
18,462,502 -
22,732,736 -
183,959,843 142,690,541
970,275,629 496,542,400 5,535,081 229,155,682 142,690,541
970,275,629 496,542,400 5,535,081 229,155,682 116,791,218
1,476,353,711
18,462,502
22,732,736
326,650,384
1,844,199,333
1,818,300,010
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Li abi li ti es Short-term - bank loans Trade accounts payables Other payables Accrued expenses Long - term bank loans Due to a related party - non-operation Total fi nanci al li abi l i ti es
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 32.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Tujuan dan Kebijakan Manajemen Risiko Keuangan (Lanjutan) <= 1 tahun/ <= 1 Year Liabilitas Utang bank - jangka pendek Utang usaha Utang lain-lain Beban akrual Utang bank - jangka panjang Utang pihak berelasi non-usaha Jum lah liabilitas keuangan
1-2 tahun/ 1-2 Years
32.
3-5 tahun/ 3-5 Years
Financial Risk Management Objectives and Policies (Continued)
2012 > 5 tahun/ > 5 Years
Nilai Tercatat/ As Reported
457,160,279 446,805,735 137,533,409 978,572 722,748,037 -
15,256,000 -
30,512,000 -
22,666,053 20,651,761
457,160,279 446,805,735 137,533,409 978,572 791,182,090 20,651,761
457,160,279 446,805,735 137,533,409 978,572 791,182,090 11,451,854
1,765,226,032
15,256,000
30,512,000
43,317,814
1,854,311,846
1,845,111,939
<= 1 tahun/ <= 1 Year
1-2 tahun/ 1-2 Years
3-5 tahun/ 3-5 Years
2012 > 5 tahun/ > 5 Years
Jumlah/ Total
Li abil i ti es Short-term - bank loans Trade accounts payables Other payables Accrued expenses Long - term bank loans Due to a related party - non-operation Total fi nanci al l iabil iti es
Nilai Tercatat/ As Reported
Liabilitas Utang bank - jangka pendek Utang usaha Utang lain-lain Beban akrual Utang bank - jangka panjang Utang pihak berelasi non-usaha
290,638,655 152,943,616 18,514,344 822,235 15,699,000 -
15,256,000 -
22,666,053 -
14,813,681 20,651,761
290,638,655 152,943,616 18,514,344 822,235 68,434,734 20,651,761
290,638,655 152,943,616 18,514,344 822,235 68,434,734 11,451,854
Lia bilities Short-term - bank loans Trade accounts payables Other payables Accrued expenses Long - term bank loans Due to a related party - non-operation
Jum lah liabilitas keuangan
478,617,850
15,256,000
22,666,053
35,465,442
552,005,345
542,805,438
Total financial liabilities
The following table shows monetary assets and liabilities denominated in foreign currency:
Tabel berikut ini mengungkapkan jumlah aset dan liabilitas moneter dalam mata uang asing: 2013
Aset Kas
2012
Mata Uang Asing/ U.S.Dollar
Ekuivalen/ Equivalent in Rp
Mata Uang Asing/ U.S.Dollar
Ekuivalen/ Equivalent in Rp
10,270
125,179
41,290
399,272
Penyajian Kembali dan Reklasifikasi akun
Assets Cash
As of December 31, 2013 and 2012, the conversion rates used by the Company were disclosed in Note 2d to financial statements.
Pada tanggal 31 Desember 2013 dan 2012, kurs konversi yang digunakan Perusahaan diungkapkan pada Catatan 2d atas laporan keuangan. 33.
Jum lah/ Total
33.
Restatement and Reclassification The following are the posts in the consolidated statements of financial experiencing changes associated with business combination using the pooling-of-interests method. In applying the pooling-of-interests method, components of consolidated financial statements for the period where there is restructuring and for other periods presented for comparative purposes, is presented in such a way as if the restructuring has occurred since the beginning of the consolidated financial statements are presented. Therefore, the Group consolidated financial statements are restated.
Berikut ini adalah pos-pos pada laporan keuangan interim konsolidasian yang mengalami perubahan terkait kombinasi bisnis dengan menggunakan metode penyatuan kepemilikan (pooling-of-interests method). Dalam menerapkan metode penyatuan kepemilikan, komponen laporan keuangan konsolidasian untuk periode dimana terjadi restrukturisasi dan untuk periode lain yang disajikan untuk tujuan perbandingan, disajikan sedemikian rupa seolah-olah restrukturisasi telah terjadi sejak awal periode laporan keuangan konsolidasian yang disajikan. Oleh karena itu, laporan keuangan konsolidasian Grup disajikan kembali.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 33.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated)
Penyajian Kembali dan Reklasifikasi akun (Lanjutan)
2012 ASSETS Aset Lancar Kas dan setara kas Deposito berjangka Piutang usaha - bersih Pihak ketiga Pihak berelasi Piutang lain-lain Persediaan - bersih Pajak dibayar dimuka Biaya dibayar dimuka dan uang muka Aset Tidak Lancar Uang muka proyek Aset tetap - bersih Beban eksplorasi tangguhan - bersih Aset pajak tangguhan Aset lain-lain Liabilitas Jangka Pendek Short-term bank loan Hutang usaha Uang muka pelanggan Hutang pajak Beban akrual Hutang lain-lain Bagian utang jangka panjang yang akan jatuh tempo dalam w aktu satu tahun Bank Sew a pembiayaan Liabilitas Jangka Panjang Utang jangka panjang - setelah dikurangi bagian yang akan jatuh tempo dalam w aktu satu tahun Bank Sew a pembiayaan Hutang kepada pihak berelasi Hutang lain-lain - pihak ketiga Kew ajiban pajak tangguhan Cadangan biaya reklamasi Liabilitas imbalan kerja jangka panjang EKUITAS Modal saham Tambahan modal disetor restrukturasi entitas sepengendali Saldo laba Laba rugi komprehensif PENDAPATAN USAHA BEBAN POKOK PENDAPATAN BEBAN USAHA Penjualan dan distribusi Umum dan administrasi BEBAN LAIN-LAIN - BERSIH Pendapatan bunga Beban bunga dan keuangan Amortisasi dampak pendiskontoan utang kepada pihak berelasi Penghapusan persedian - bersih Pendapatan demurages kapal Laba (rugi) selisih kurs Lain-lain BEBAN (PENGHASILAN) PAJAK Kini Tangguhan
33.
Restatement and Reclassification (Continued)
Sebelum reklasifikasi/ penyajian kem bali/ Before reclasification/ restatement
Reklasifikasi/ penyajian kem bali/ Reclasification/ Restatement
Setelah reklasifikasi/ penyajian kem bali/ After reclasification/ restatement
27,228,598 213,071,052 213,022,268 48,784 550,054,673 4,197,491
1,758,989,195 171,097,887 171,146,671 (48,784) 24,770,345 352,117,922 1,875,523
1,786,217,793 384,168,939 384,168,939 24,770,345 902,172,595 6,073,014
11,535,730
352,743,426
364,279,156
Prepaid expenses and advanced payments
188,332,130 449,317,182 12,772,265 5,149,167 41,841,530
412,828,183 45,626,728 (864,964) 2,374,982
188,332,130 862,145,365 58,398,993 4,284,203 44,216,512
NON-CURRENT ASSETS Project advances Property and equipment - net of Deferred exploration costs - net of Deferred tax assets Other assets
290,638,655 152,943,616 634,334 15,228,559 822,235 18,514,344
553,720,427 (14,763,030) 56,745,196 28,940,727 1,205,619 4,771,231
844,359,082 138,180,586 57,379,530 44,169,286 2,027,854 23,285,575
CURRENT LIABILITIES Short-term bank loans Trade accounts payable Advances from customers Taxes payable Accrued expenses Other payables
15,699,000 -
36,598,057 1,329,882
52,297,057 1,329,882
2012 ASSETS CURRENT ASSETS Cash Time deposit Trade acccounts receivable Related party Third parties Other accounts receivable Inventories - net of allowance for Prepaid Value Added Tax
Current portion of long-term liabilities: Bank Lease liabilities NON-CURRENT LIABILITIES
68,434,734 11,451,854 5,530,776 4,960,704
111,524,373 198,713 135,775,453 17,904,488 2,288,137 4,594,176 3,611,907
643,155,057 4,000,000 271,485,950 81,574,186
1,203,780,785 470,981,064 (7,662,252) (13,321,896)
643,155,057 1,207,780,785 470,981,064 263,823,698 68,252,290
1,515,417,909 1,300,229,936
317,788,639 194,482,479
1,833,206,548 1,494,712,415
18,512,812 44,621,719
10,794,905 46,450,208
29,307,717 91,071,927
308,166 (49,177,465)
1,301,566 (74,894,357)
1,609,732 (124,071,822)
(786,817) (2,225,034) 5,432,067
(824,493) (1,662,995) 3,230,156 (3,235,925)
(1,611,310) (1,662,995) 3,230,156 (2,225,034) 2,196,142
(21,655,448) (2,374,725)
(2,518,517) (778,378)
(24,173,965) (3,153,103)
p
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179,959,107 198,713 147,227,307 17,904,488 2,288,137 10,124,952 8,572,611
Long-term loans - net of current portion Bank Lease liabilities Due to a related party Other payables third party Deferred tax liabilities Reclamation cost reserve Long-term employee benefits liability EQUITY Capital Stock Additonal paid-in capital restructuring of entities under common Retained earnings-Unappropriated (deficit) - beg. Comprehensive income or loss REVENUES COST OF REVENUES OPERATING EXPENSES Selling and distribution expenses General and administrative expenses OTHERS INCOM E(EXPENSES)-NET Interest income Interest expenses and financial charges Amortization of discount on amount due to related parties-non operation Written-off inventory - net Vessel demurages services Gain (loss) on foreign exchange Others TAX EXPENSES (BENEFIT) Current Deferred
PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 34.
Informasi Lainnya
a.
b.
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 34.
Other Information a.
Undang-undang Pertambangan No.4/2009
Mining Law No. 4/2009
Pada tanggal 16 Desember 2008, Dewan Perwakilan Rakyat Indonesia mengeluarkan Undang-Undang Pertambangan Mineral dan Batubara yang baru (Undang-Undang Pertambangan), yang telah disetujui oleh Presiden pada tanggal 12 Januari 2009, menjadi UndangUndang No. 4/2009.
On December 16, 2008, the Indonesian Parliament passed a new Law on Mineral and Coal Mining (the “Law”), which was approved by the President on January 12, 2009, becoming Law No. 4/2009.
Pada bulan Februari 2010, Pemerintah Indonesia mengeluarkan dua peraturan pemerintah untuk Undang-undang No. 4/2009, yaitu Peraturan Pemerintah No. 22/2010 dan 23/2010 (PP No. 22 dan 23), sehubungan dengan penerapan Undang-undang Pertambangan. PP No. 22 mengatur tentang pembentukan area pertambangan melalui sistem IUP yang baru. PP No. 23 mewajibkan agar KP diubah menjadi IUP dalam jangka waktu tiga bulan sejak diterbitkannya PP No. 23.
In February 2010, the Government of Indonesia released two implementing regulations for Mining Law No. 4/2009, i.e., Government Regulations No. 22/2010 and 23/2010 (GR Nos. 22 and 23).GR No. 22 deals with the establishment of mining areas under the new IUP system. GR No. 23 requires a KP to be converted into an IUP within three months of the issuance of GR No. 23.
Pada tanggal 5 Juli 2010, PP No. 55/2010 dikeluarkan. PP ini mengatur mengenai pembinaan dan pengawasan penyelenggaraan usaha pertambangan mineral dan batubara di Indonesia.
On July 5, 2010, GR No. 55/2010 was issued. This GR regulates the guidance and supervision of mineral and coal mining business in Indonesia.
Perusahaan terus memonitor perkembangan peraturan pelaksana Undang-Undang Pertambangan tersebut secara ketat dan akan mempertimbangkan dampak terhadap operasi Perusahaan, jika ada, pada saat peraturan-peraturan pelaksanaan ini diterbitkan.
The Company is closely monitoring the progress of the implementing regulations for the Mining Law and will consider the impact on its operations, if any, as these regulations are issued.
b.
Peraturan Pemerintah No. 78/2010
Government Regulation No. 78/2010 On December 20, 2010, the Government of Indonesia released an implementing regulation for Mineral Law No. 4/2009, i.e. Government Regulation No. 78/2010 (GR No. 78) that deals with reclamations and post-mining activities for both IUP-Exploration and IUP-Production Operation holders. This regulation superseded regulation No. 18/2008 issued by the Minister of Energy and Mineral Resources on May 29, 2008.
Pada tanggal 20 Desember 2010, Pemerintah Indonesia mengeluarkan peraturan implementasi atas UndangUndang Mineral No. 4/2009, yaitu Peraturan Pemerintah No. 78/2010 (PP No. 78) yang mengatur aktivitas reklamasi dan pasca tambang untuk pemegang IUP-Eksplorasi dan IUP-Operasi Produksi. Peraturan ini memperbaharui Peraturan Menteri Energi dan Sumber Daya Mineral pada tanggal 29 Mei 2008.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 34.
35.
Informasi Lainnya (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 34.
Other Information (Continued)
Pemegang IUP-Eksplorasi, ketentuannya antara lain, harus memuat rencana eksplorasi didalam rencana kerja dan anggaran biaya eksplorasinya dan menyediakan jaminan reklamasi berupa deposito berjangka yang ditempatkan pada bank pemerintah.
An IUP-Exploration holder, among others requirements, must include a reclamation plan in its exploration work plan and budget and provide a reclamation guarantee in the form of a time deposit placed at a stateowned bank.
Pada tanggal penyelesaian laporan keuangan ini, Perusahaan telah mencadangkan biaya reklamasi sebesar Rp 5.530.776.
As at the date of completion of these financial statements, the Company has accrued a reclamation cost reserve amounting to Rp 5,530,776.
Informasi Peraturan Baru Standar akuntansi yang telah namun belum berlaku efektif
35.
Information on New Regulations
disahkan
Accounting standards issued but not yet effective
Berikut ini adalah beberapa standar akuntansi yang telah disahkan oleh Dewan Standar Akuntansi Keuangan (DSAK) yang dipandang relevan terhadap pelaporan keuangan Perseroan dan entitas anak namun belum berlaku efektif untuk laporan keuangan tahun 2013:
The following are several issued accounting standards by the Indonesian Financial Accounting Standards Board (DSAK) that are considered relevant to the financial reporting of the Company and its subsidiaries but not yet effective for 2013 financial statements:
•
PSAK 1 (2013): Penyajian Laporan Keuangan, yang diadopsi dari IAS 1, berlaku efektif 1 Januari 2015. PSAK ini mengubah penyajian kelompok pos-pos dalam Penghasilan Komprehensif Lain. Pos-pos yang akan direklasifikasi ke laba rugi disajikan terpisah dari pos-pos yang tidak akan direklasifikasi ke laba rugi.
•
PSAK 1 (2013): Presentation of Financial Statements, adopted from IAS 1, effective January 1, 2015. This PSAK changes the grouping of items presented in Other Comprehensive Income. Items that could be reclassified to profit or loss would be presented separately from items that will never be reclassified.
•
PSAK 4 (2013): Laporan Keuangan Tersendiri, yang diadopsi dari IAS 4, berlaku efektif 1 Januari 2015. PSAK ini hanya mengatur persyaratan akuntansi ketika entitas induk menyajikan laporan keuangan tersendiri sebagai informasi tambahan. Pengaturan akuntansi untuk laporan keuangan konsolidasian diatur dalam PSAK 65.
•
PSAK 4 (2013): Separate Financial Statements, adopted from IAS 4, effective January 1, 2015. This PSAK prescribes only the accounting requirements when a parent entity prepares separate financial statements as additional information. Accounting for consolidated financial statements is determined in PSAK 65.
•
PSAK 24 (2013): Imbalan Kerja, yang diadopsi dari IAS 19, berlaku efektif 1 Januari 2015. PSAK ini, antara lain, menghapus mekanisme koridor dan pengungkapan atas informasi liabilitas kontinjensi untuk menyederhanakan klarifikasi dan pengungkapan.
•
PSAK 24 (2013): Employee Benefits, adopted from IAS 19, effective January 1, 2015. This PSAK, among other, removes the corridor mechanism and contingent liability disclosures to simple clarifications and disclosures.
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PT EXPLOITASI ENERGI INDONESIA Tbk DAN ENTITAS ANAKNYA Catatan atas Laporan Keuangan Konsolidasian Untuk Tahun yang Berakhir Pada Tanggal-tanggal 31 Desember 2013 dan 2012 (Angka-angka Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) 35.
Informasi Peraturan Baru (Lanjutan)
PT EXPLOITASI ENERGI INDONESIA Tbk AND ITS SUBSIDIARIES Notes to The Consolidated Financial Statements For the Year Ended December 31, 2013 and 2012 (Figures are Presented in Thousands of Rupiah, unless Otherwise Stated) 35.
Information on New Regulations (Continued)
•
PSAK 65: Laporan Keuangan Konsolidasi, yang diadopsi dari IFRS 10, berlaku efektif 1 Januari 2015. PSAK ini menggantikan porsi PSAK 4 (2009) yang mengenai pengaturan akuntansi untuk laporan keuangan konsolidasian, menetapkan prinsip penyusunan dan penyajian laporan keuangan konsolidasian ketika entitas mengendalikan satu atau lebih entitas lain.
•
PSAK 65: Consolidated Financial Statements, adopted from IFRS 10, effective January 1, 2015. This PSAK replaces the portion of PSAK 4 (2009) that addresses the accounting for consolidated financial statements, establishes principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.
•
PSAK 67: Pengungkapan Kepentingan dalam Entitas Lain, yang diadopsi dari IFRS 12, berlaku efektif 1 Januari 2015. PSAK ini mencakup semua pengungkapan yang diatur sebelumnya dalam PSAK 4 (2009), PSAK 12 (2009) dan PSAK 15 (2009). Pengungkapan ini terkait dengan kepentingan entitas dalam entitas-entitas lain.
•
PSAK 67: Disclosure of Interest in Other Entities, adopted from IFRS 12, effective January 1, 2015. This PSAK includes all of the disclosures that were previously in PSAK 4 (2009), PSAK 12 (2009) and PSAK 15 (2009). This disclosures relate to an entity’s interests in other entities.
•
PSAK 68: Pengukuran Nilai Wajar, yang diadopsi dari IFRS 13, berlaku efektif 1 Januari 2015. PSAK ini memberikan panduan tentang bagaimana pengukuran nilai wajar ketika nilai wajar disyaratkan atau diizinkan.
•
PSAK 68: Fair Value Measurement, adopted from IFRS 13, effective January 1, 2015. This PSAK provides guidance on how to measure fair value when fair value is required or permitted.
Perseroan dan entitas anaknya sedang mengevaluasi dampak dari standar akuntansi tersebut dan belum menentukan dampaknya terhadap laporan keuangan Perseroan dan entitas anak.
The Company and its subsidiaries are presently evaluating and has not yet determined the effects of these accounting standards on its financial statements.
Dalam penerapan kebijakan akuntansi Perusahaan, seperti yang diungkapkan dalam Catatan 2 pada laporan keuangan, manajemen harus membuat estimasi, pertimbangan dan asumsi atas nilai tercatat aset dan liabilitas yang tidak tersedia oleh sumber-sumber lain. Estimasi dan asumsi tersebut, berdasarkan pengalaman historis dan faktor lain yang dipertimbangkan relevan.
In the application of the Company’s accounting policies, which are described in Note 2 to the financial statements, management is required to make estimates, judgments and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on historical experience and other factors that are considered to be relevant.
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