Professional Documents
Culture Documents
2014 9M PGN Consolidated Financial Statements
2014 9M PGN Consolidated Financial Statements
31 Desember 2013/
30 September312014/
DesemberDecember
2011/
31, 2013
)
September 30,
December
2014
31, (Diaudit/Audited
2011
(Tidak Diaudit/
(Disajikan kembali/
(Disajikan kembali/
Unaudited ) As restated) Restated)
1 Januari 2013/
31 Desember 2012/
January 1, 2013/
December 31, 2012
(Diaudit/
Audited )
ASET
ASSETS
ASET LANCAR
CURRENT ASSETS
2d,2e,2f,2u,3,5
37,43,44,45
2d,2e,2f,2u,3,6,23,
38,40,43,44,45
2d,2f,2u,3,7,
38,43,44,45
2d,2f,2u,3,8,30,
38,43,44,45
2d,2u,3,9,
40,43,44,45
2g,10
2f,2u,11,
38,40,41,45
12
1,221,156,272
##
1,319,168,247
1,567,458,346
102,112
##
1,163,447
8,478,599
Restricted cash
92,132,418
##
85,384,831
108,286,034
Short-term investments
305,619,823
##
279,956,482
258,652,097
125,032,398
51,350,304
##
##
35,862,770
14,615,268
5,068,328
2,445,065
86,147,211
18,967,242
##
##
42,691,928
1,684,875
27,977,862
5,451,706
1,900,507,780
##
1,780,527,848
1,983,818,037
NON-CURRENT ASSETS
2f,2u,11,
38,40,45
2d,13,34,43,44
2v,3,35
2f,2h,2l, 14,38,40
2i,2l,2o,2w,3,
15,29,30,40,47
2j,2l,3,16,40
2k,3,16,40
124,856,225
40,643,431
28,454,012
102,820,654
1,833,527,182
554,612,631
(591,644,042)
1,241,883,140
(145,470,410)
409,142,221
3,476,025,353
(1,577,606,261)
1,898,419,092
1,387,182
##
##
##
##
##
##
84,887,358
40,265,562
28,867,269
95,331,310
3,290,790,719
(1,453,559,351)
1,837,231,368
53,057
110,922,142
38,264,346
65,952,471
2,979,122,937
(1,285,416,180)
1,693,706,757
53,057
14,172,836
57,106,001
7,112,329
##
##
##
33,557,745
4,021,317
4,125,483
10,342,095
2,887,788
2,215,626
3,516,854,902
##
2,537,482,690
1,924,344,282
TOTAL ASET
5,417,362,682
##
4,318,010,538
3,908,162,319
TOTAL ASSETS
2v,3,35
2u, 2m,17
31 Desember 2013/
30 September312014/
DesemberDecember
2011/
31, 2013
)
September 30,
December
2014
31, (Diaudit/Audited
2011
(Tidak Diaudit/
(Disajikan kembali/
(Disajikan kembali/
Unaudited ) As restated) Restated)
1 Januari 2013/
31 Desember 2012/
January 1, 2013/
December 31, 2012
(Diaudit/
Audited )
LIABILITIES AND EQUITY
CURRENT LIABILITIES
2d,2f,2u,18,
38,40,43,44
2d,2f,2u,19,38,40, 43, 44
2d,2r,2u,20,
39,41,43,44,45
2d,2r,2u,21,43,44,45
2d,2r,2u,21,
43,44,45
2u,2v,3,22,45
2d,2f,2n,2u,3,23,27
38,40,43,44,45
146,100,928
-
##
##
158,320,476
300,000,000
189,130,962
-
Trade payables
Short-term bank loans
44,204,824
19,208,332
##
##
57,609,234
35,622,036
24,800,904
37,302,957
Other payables
Short-term employees benefits liabilities
117,064,609
22,481,191
##
##
180,458,414
40,140,967
42,257,980
80,629,393
Accrued liabilities
Taxes payable
108,977,933
##
113,980,602
98,627,228
458,037,817
##
886,131,729
472,749,424
NON-CURRENT LIABILITIES
20,40,43,44
117,023,390
63,538,958
2t,42
47,149,961
2s,2u,3,36
##
101,362,939
13,994,894
149,495,805
-
8,362,468
2d,2u,2z,3,
Utang derivatif
34,43,44
Pinjaman jangka panjang - setelah dikurangi 2d,2f,2n,2u,23,27,38,
bagian jatuh tempo dalam waktu satu tahun
40,43,44,45
Utang obligasi
1b,24,31,43,44
Pendapatan diterima di muka
2u,40
Liabilitas pajak tangguhan - neto
2u,2v,35
7,460,965
##
11,927,017
87,115,630
508,953,704
1,331,883,856
3,074,820
73,282,802
##
##
##
611,976,149
3,193,656
20,247,134
840,006,527
3,352,100
650,855
Derivative payable
Long-term loans Net of current maturities
Bonds payables
Unearned income
Deferred tax liabilities - net
2,152,368,456
##
771,064,257
1,080,620,917
TOTAL LIABILITAS
2,610,406,273
##
1,657,195,986
1,553,370,341
TOTAL LIABILITIES
EKUITAS
Ekuitas yang dapat diatribusikan
kepada pemilik Entitas Induk
Modal Saham - nilai nominal
USD0,014 per saham
Modal dasar - 70.000.000.000 saham
yang terdiri dari 1 saham Seri A Dwiwarna
dan 69.999.999.999 saham Seri B
Modal ditempatkan dan disetor penuh 24.241.508.196 saham
yang terdiri dari 1 saham Seri A Dwiwarna
dan 24.241.508.195 saham Seri B
Modal saham diperoleh kembali
Modal disetor lainnya
Saldo laba
Dicadangkan
Tidak dicadangkan
Komponen ekuitas lainnya
EQUITY
2u,25
2u,25
2p,2u, 25
2u,26,39
344,018,831
(251,054)
157,254,312
##
##
##
344,018,831
(251,054)
157,254,312
344,018,831
(251,054)
157,254,312
1,825,876,781
350,237,650
(61,363,070)
##
##
##
1,411,227,800
618,975,279
(52,232,867)
1,092,941,286
649,327,501
(45,946,520)
2,615,773,450
##
2,478,992,301
2,197,344,356
191,182,959
##
181,822,251
157,447,622
Non-controlling interests
TOTAL EKUITAS
2,806,956,409
##
2,660,814,552
2,354,791,978
TOTAL EQUITY
5,417,362,682
##
4,318,010,538
3,908,162,319
2b,2u,37
30 September 2014/
September 30, 2014
(Tidak Diaudit/
Unaudited )
PENDAPATAN NETO
BEBAN POKOK PENDAPATAN
LABA BRUTO
30 September 2013/
September 30, 2013
(Tidak Diaudit/
Unaudited )
2,513,556,993
2f,2q,2x, 27,38,46
2,201,018,368
(1,411,296,205)
2f,2q,2x, 28,38,46
(1,157,186,813)
1,102,260,788
1,043,831,555
2q,2s,2x,15,29,36
(210,889,831)
(139,239,169) 2q,2s,2x,8,9,15,30,36,39
2q
22,056,442
2q
(4,512,392)
NET REVENUES
COST OF REVENUES
GROSS PROFIT
LABA OPERASI
769,675,838
Beban keuangan
(44,285,337)
2q,2t,19,23,31
(13,882,813)
15,795,274
20,155,787
2u,33
2q,5,6,7,32
58,118,560
20,922,199
5,725,264
23,625,440
2z,34
53,864,274
23,905,332
Finance cost
Gain (loss) on
foreign exchange - net
Finance income
Gain (loss) on change in fair value
of derivatives - net
Share of profit (loss) of associates
840,526,286
PROFIT BEFORE
TAX BENEFIT (EXPENSE)
790,692,266
(148,605,478)
(30,407,006)
697,598,734
OPERATING INCOME
(171,848,346)
(2,217,180)
(179,012,484)
(174,065,526)
611,679,782
666,460,760
2v,35
2v,35
30 September 2014/
September 30, 2014
(Tidak Diaudit/
Unaudited )
PENDAPATAN (KERUGIAN)
KOMPREHENSIF LAIN
Aset keuangan tersedia untuk dijual
Keuntungan (kerugian) aktuaria
Selisih kurs karena penjabaran
laporan keuangan dalam
Entitas Anak - neto
Sub-total
Pajak penghasilan terkait
PENDAPATAN (KERUGIAN)
KOMPREHENSIF
LAIN SETELAH PAJAK
TOTAL LABA
KOMPREHENSIF
PERIODE BERJALAN
LABA PERIODE BERJALAN YANG
DAPAT DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali
TOTAL
TOTAL LABA KOMPREHENSIF
PERIODE BERJALAN YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali
TOTAL
6,679,800
(7,021,032)
(10,329,445)
(10,670,677)
1,490,934
2d,2f,7
2s,36
2b
2v,35
602,500,039
582,665,400
19,834,639
602,500,039
30 September 2013/
September 30, 2013
(Tidak Diaudit/
Unaudited )
(9,179,743)
591,795,605
19,884,177
611,679,782
2b
2b
(10,759,816)
(10,247,964)
(3,158,035)
OTHER COMPREHENSIVE
INCOME (LOSS)
Available-for-sale financial assets
Actuarial gain (losses)
Difference in foreign currency
translation of the financial statements
of a Subsidiary - net
Sub-total
Income tax effect
(13,405,999)
OTHER COMPREHENSIVE
INCOME (LOSS) AFTER TAX
653,054,761
TOTAL COMPREHENSIVE
INCOME FOR THE PERIOD
641,610,828
24,849,932
666,460,760
(15,660,954)
16,172,806
Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/ Equity Attributable to Owners of the Parent Entity
Saldo Laba/ Retained earnings
Modal saham
Modal saham
ditempatkan dan disetor
diperoleh kembali/
penuh/Issued and fully
Treasury stock
paid capital stock
344,018,831
(251,054)
Tidak Dicadangkan/
Unappropriated
157,254,312
1,092,941,286
649,327,501
(1,039,391)
(53,821,333)
Kepentingan
Nonpengendali/Noncontrolling interests
8,914,204
157,447,622
2,354,791,978
24,849,932
666,460,760
641,610,828
(10,760,974)
12,501,365
(15,660,955)
573,184
641,610,828
(10,760,974)
12,501,365
(15,660,955)
25,423,116
Pembayaran dividen
Pencadangan saldo laba untuk cadangan tujuan
Pembayaran dividen dari Entitas Anak
384,698,485
-
(506,186,971)
(384,698,485)
-
(13,347,380)
653,113,380
(506,186,971)
-
Payment of dividends
Appropriation for specific reserve
Payment of dividends by a Subsidiary
344,018,831
(251,054)
157,254,312
1,477,639,771
400,052,873
(11,800,365)
(41,319,968)
(6,746,751)
182,870,738
2,501,718,387
344,018,831
(251,054)
157,254,312
1,411,227,800
618,975,279
(15,049,827)
(30,329,423)
(6,853,617)
181,822,251
2,660,814,552
591,795,605
19,884,177
611,679,782
Pembayaran dividen
Pencadangan saldo laba untuk cadangan tujuan
Pembayaran dividen dari Entitas Anak
414,648,981
-
344,018,831
(251,054)
157,254,312
1,825,876,781
591,795,605
(445,884,253)
(414,648,981)
350,237,650
(10,329,445)
(5,480,559)
6,679,801
(10,329,445)
(5,480,559)
6,679,801
(25,379,272)
(35,809,982)
(173,816)
(49,539)
(9,179,742)
19,834,638
602,500,040
(10,473,930)
(445,884,253)
(10,473,930)
191,182,959
2,806,956,409
30 September 2014/
September 30, 2014
(Tidak Diaudit/
Unaudited )
ARUS KAS DARI AKTIVITAS OPERASI
Penerimaan dari pelanggan
Penerimaan dari penghasilan bunga
Pembayaran kepada pemasok
Pembayaran pajak penghasilan
setelah dikurangi penerimaan
dari tagihan pajak
Pembayaran untuk beban usaha
dan aktivitas operasi lainnya
Pembayaran bunga
Pembayaran kepada karyawan
Kas neto yang diperoleh dari
aktivitas operasi
ARUS KAS DARI AKTIVITASI INVESTASI
Penambahan (pengurangan) kas
yang dibatasi penggunaannya
Penerimaan dividen dari Entitas Asosiasi
Akuisisi Entitas Anak tidak langsung,
setelah dikurangi kas yang diperoleh
Penambahan kerjasama operasi minyak
dan gas bumi atau kontrak jasa/
perjanjian partisipasi
Penambahan aset tetap
Penambahan aset minyak dan gas
Kas neto yang digunakan untuk
aktivitas investasi
ARUS KAS DARI AKTIVITAS PENDANAAN
Penerimaan atas penyertaan saham oleh
kepentingan nonpengendali Entitas Anak
Penerimaan hasil obligasi
Penerimaan (pembayaran) derivatif
Penerimaan pinjaman bank jangka pendek
Pembayaran pinjaman bank jangka pendek
Pembayaran pinjaman jangka panjang
Penerimaan (Pembayaran):
- Dividen
Kas neto yang digunakan untuk
aktivitas pendanaan
30 September 2013/
September 30, 2013
(Tidak Diaudit/
Unaudited )
2,504,680,504
21,319,438
(1,442,926,475)
2,112,512,019
19,213,150
(1,139,675,749)
(178,510,626)
(290,900,341)
(314,241,546)
(53,228,832)
(52,605,851)
(163,348,483)
(21,646,583)
(45,771,397)
484,486,612
470,382,616
1,061,334
16,136,097
(198,475,647)
(269,879,289)
(103,344,086)
(103,309,465)
(90,079,355)
(1,083,074,908)
(545,978,744)
(631,917,403)
1,336,999,500
1,259,212
500,000,000
(800,000,000)
(76,622,452)
(454,456,178)
8,096,646
2,498,684
17
1,221,156,272
(5,010,263)
(83,781,093)
26
1,800,471
(98,011,975)
(589,813,247)
5,172
(6,603,761)
1,319,168,247
(501,027,063)
24
507,180,082
(259,841,168)
(663,608,904)
1,567,458,346
2e,5
903,849,442
1. UMUM
1. GENERAL
a. Pendirian Perusahaan
1. UMUM (lanjutan)
1. GENERAL (continued)
1. UMUM (lanjutan)
1. GENERAL (continued)
Persentase kepemilikan/
Percentage of ownership
30-Sep-14
Tahun
Usaha
Komersial
Dimulai/
Jumlah aset dalam juta sebelum
Year of
jurnal eliminasi/
Commercial
Operations Total assets in millions before elimination
entries
Started
31-Dec-13
30-Sep-14
31-Dec-13
59,87%
2002
501
540
100,00%
100,00%
2003
PT PGAS Telekomunikasi
Nusantara (PGASKOM)
Telekomunikasi/
Telecommunication,
Indonesia,
10 Januari 2007/
January 10, 2007
99,93%
99,93%
2009
17
17
1. UMUM (lanjutan)
1. GENERAL (continued)
99,91%
2010
33
29
PT Saka Energi
Indonesia (SEI)
Eksplorasi minyak dan gas bumi/
Exploration of oil and gas
Indonesia,
26 Juni 2011/
June 26, 2011
100.00%
100.00%
2013
1,303
527
PT Gagas Energi
Indonesia (GEI)
Pengolahan minyak dan gas bumi/
Processing of oil and gas
Indonesia
26 Juni 2011/
June 26, 2011
100.00%
100.00%
2012
47
43
PT PGN LNG
Indonesia (PLI) 1)
Pengolahan minyak dan gas bumi/
Processing of oil and gas
Indonesia
26 Juni 2012/
June 26, 2012
100.00%
100.00%
1)
251
30
1)
2
2,155
1,186
PT Permata Graha
Nusantara (PGN Property) 1)
Pengelolaan dan penyewaan gedung dan peralatan/
Management and leasing buildings and equipment
Indonesia
17 Juni 2014/
June 17, 2014
100.00%
-
100.00%
1)
0.04
4)
100.00%
1)
163
102
100.00%
1)
113
102
10
1. UMUM (lanjutan)
1. GENERAL (continued)
100.00%
2007
100.00%
476
270
1)
18
4)
1)
4)
4)
770
474
100.00%
2007
843
100.00%
2007
125
968
2010
4)
90.00%
2013
11
4)
4)
1. UMUM (lanjutan)
1. GENERAL (continued)
100.00%
4)
2014
) Total aset di bawah 1 juta US Dollar/The amount of assets is below one million US Dollar
5)
6)
4)
The Group has interests in the following oil and gas joint venture
operations or Service Contracts/Participation and Economic
Sharing Agreements as of September 30, 2014 and December
31, 2013:
Hak kepemilikan (%)/Interest (%)
2014
2013
30%
30%
100%
25%
20%
20%
5%
5%
Negara/Country
Indonesia
Indonesia
Indonesia
Indonesia
Entitas Asosiasi,
Kedudukan dan
Tanggal Pendirian/
Associates, Domiciles
and Date of
Establishment
Persentase kepemilikan/
Percentage of ownership
30-Sep-14
31-Dec-13
PT Nusantara Regas
(NR)
40,00%
40,00%
40,00%
40,00%
Kedudukan
dan Tahun
Usaha
Komersial
Dimulai/Do
micile and
Year of
Commercial
Operations
Started
Jakarta,
2012
Kegiatan usaha/
Business Activities
Pengelolaan dan pengembangan fasilitas
FSRT termasuk pembelian LNG dan
pemasaran atas hasil pengelolaan fasilitas
FSRT/
The
management
and
development of FSRT facilities including
purchase of LNG and marketing of
products arising from the operations of
FSRT facilities.
12
1. UMUM (lanjutan)
1. GENERAL (continued)
Kombinasi Bisnis
Business Combination
1 Akuisisi TDS
Pada tanggal 28 Juni 2013, PT PGAS Telekomunikasi
Nusantara (PGASKOM) telah melakukan akuisisi atas 90%
saham pada PT Telemedia Dinamika Sarana (TDS) dari
pemilik saham sebelumnya dengan imbalan pembelian yang
dialihkan dengan total sebesar Rp675.000.000. Atas transaksi
ini, PGASKOM mengakui goodwill sebesar USD59.190.
1 Acquisition of TDS
On June 28, 2013, PT PGAS Telekomunikasi Nusantara
(PGASKOM) acquired 90% equity interests in PT Telemedia
Dinamika Sarana (TDS) from the previous owners with purchase
consideration transferred of Rp675,000,000. Under this
transaction, PGASKOM recognized a goodwill amounting to
USD59,190.
2 Akuisisi SIP
Pada tanggal 26 Juni 2013, PT Saka Energi Indonesia telah
melakukan akuisisi atas 100% kepemilikan saham pada
Kufpec Indonesia (Pangkah) B.V. (KIP) dari pemilik saham
lama, yaitu Kuwait Foreign Petroleum Exploration Company
K.S.C. (Closed), dengan imbalan pembelian yang dialihkan
sebesar USD259.851.818.
2 Acquisition of SIP
On June 26, 2013, PT Saka Energi Indonesia acquired 100%
equity interests in Kufpec Indonesia (Pangkah) B.V. (KIP) from
the previous owner Kuwait Foreign Petroleum Exploration
Company K.S.C. (Closed), with purchase consideration
transferred of USD259,851,818.
Dewan Komisaris
Komisaris Utama
Komisaris Independen
Komisaris
Komisaris
Komisaris
Komisaris Independen
: Bayu Krisnamurthi
: Pudja Sunasa
: M. Zamkhani
: Firmanzah
: A. Edy Hermantoro
: Widya Purnama
Dewan Direksi
Direktur Utama
: Hendi Prio Santoso
Direktur Keuangan
: M. Riza Pahlevi Tabrani
Direktur Pengusahaan
: Jobi Triananda Hasjim
Direktur Teknologi dan Pengembangan
: Djoko Saputro
Direktur Perencanaan Investasi dan
Manajemen Risiko
: Muhammad Wahid Sutopo
Direktur Sumber Daya Manusia dan Umum : Hendi Kusnadi
13
Board of Commissioners
Chairman of the Board of Commissioners
Independent Commissioner
Commissioner
Commissioner
Commissioner
Independent Commissioner
Board of Directors
Chairman of the Board of Directors
Director of Finance
Director of Operations
Director of Technology and Development
Director of Investment Planning and
Risk Management
Director of Human Resources and General Affairs
1. UMUM (lanjutan)
1. GENERAL (continued)
In the Annual General Meeting of Shareholders on April 17,
2013, the shareholders approved the members of the
Companys Boards of Commissioners and Directors as of
December 31, 2013:
Dewan Komisaris
Komisaris Utama
Komisaris Independen
Komisaris
Komisaris
Komisaris
Komisaris Independen
: Bayu Krisnamurthi
: Pudja Sunasa
: M. Zamkhani
: Firmanzah
: Kiagus Ahmad Badaruddin
: Widya Purnama
Board of Commissioners
Chairman of the Board of Commissioners
Independent Commissioner
Commissioner
Commissioner
Commissioner
Independent Commissioner
Dewan Direksi
Direktur Utama
: Hendi Prio Santoso
Direktur Keuangan
: M. Riza Pahlevi Tabrani
Direktur Pengusahaan
: Jobi Triananda Hasjim
Direktur Teknologi dan Pengembangan
: Djoko Saputro
Direktur Perencanaan Investasi dan
Manajemen Risiko
: Muhammad Wahid Sutopo
Direktur Sumber Daya Manusia dan Umum : Hendi Kusnadi
Board of Directors
Chairman of the Board of Directors
Director of Finance
Director of Operations
Director of Technology and Development
Director of Investment Planning and
Risk Management
Director of Human Resources and General Affairs
a.
14
b.
Principles of Consolidation
suara sesuai
(a) power over more than half of the voting rights by virtue of
an agreement with other investors;
15
KNP mencerminkan bagian atas laba atau rugi dan aset neto
dari Entitas-entitas Anak yang tidak dapat diatribusikan secara
langsung maupun tidak langsung oleh Perusahaan, yang
masing-masing disajikan dalam
laporan laba rugi
komprehensif konsolidasian interim dan dalam ekuitas pada
laporan posisi keuangan interim konsolidasian, terpisah dari
bagian yang dapat diatribusikan kepada pemilik entitas induk.
Akun/Accounts
Aset dan liabilitas/
Assets and Liabilities
Kurs/Exchange Rates
Kurs rata-rata pembelian dan penjualan Bank Indonesia pada akhir periode
pelaporan/Average Buying and Selling Exchange Rate of Bank Indonesia
at the end of reporting period
16
c. Kombinasi Bisnis
c.
Business Combinations
17
d.
Pengakuan awal
Initial recognition
Subsequent measurement
awal
assets
18
Perhitungan nilai kini dari estimasi arus kas masa datang atas
aset keuangan dengan agunan (colateralised financial asset )
mencerminkan arus kas yang dapat dihasilkan dari utilisasi
dari jaminan deposit yang diberikan oleh pelanggan kepada
Kelompok Usaha.
19
Estimasi
periode
antara
terjadinya
peristiwa
dan
teridentifikasinya kerugian ditentukan oleh manajemen untuk
setiap portofolio yang diidentifikasi.
Penerimaan
kemudian
atas
piutang
yang
telah
dihapusbukukan sebelumnya, jika pada periode berjalan
dikreditkan dengan menyesuaikan pada penyisihan piutang
ragu-ragu, sedangkan jika setelah tanggal posisi keuangan
dikreditkan sebagai pendapatan operasional lainnya.
20
Pengakuan awal
Initial recognition
21
(v) Derecognition
22
The Group does not classify any financial assets as held-tomaturity if the entity has, during the current financial year or
during the two preceding financial years, sold or reclassified
more than an insignificant amount of held-to-maturity
investments before maturity (more than insignificant in
relation to the total amount of held-to-maturity investments)
other than sales or reclassifications that:
23
Financial assets and liabilities are offset and the net amount
presented in the consolidated financial position statement
sheets when there is a legally enforceable right to offset the
recognised amounts and there is an intention to settle on a
net basis or realise the asset and settle the liability
simultaneously.
e.
f.
f.
24
g.
g. Persediaan
Persediaan dinyatakan sebesar nilai yang lebih rendah antara
biaya perolehan dan nilai realisasi neto. Biaya perolehan
ditentukan dengan metode rata-rata bergerak (movingaverage method ). Penyisihan persediaan usang dilakukan
atas dasar hasil penelaahan secara periodik terhadap kondisi
persediaan.
h. Penyertaan Saham
Inventories
25
i. Aset Tetap
Fixed Assets
Tahun/Years
20
Tarif/Rates
5,0%
16 - 20
10,00% - 12,50%
Kendaraan bermotor
4-8
25,00% - 50,00%
Vehicles
Peralatan kantor
4-8
25,00% - 50,00%
Office equipment
4-8
25,00% - 50,00%
16
12,50%
Uninstalled assets
26
j.
27
l.
28
m.
dari
Pemberi
29
Intangible Assets
The legal cost incurred to extend or renewed the land
rights are recorded as intangible assets and amortized
over the shorter of the rights legal life or lands economic
life.
n.
o.
30
Finance Income/Expense
Pengakuan Beban
Expense Recognition
r.
r. Provisi
Provision
s. Imbalan Kerja
Employee Benefits
31
Perusahaan
The Company
Entitas Anak
The Subsidiary
a. Transgasindo
a. Transgasindo
32
u.
Masing-masing
Entitas
dalam
Kelompok
Usaha
mempertimbangkan indikator utama dan indikator lainnya
dalam menentukan mata uang fungsionalnya. Perusahaan
menentukan mata uang fungsionalnya dan mata uang
Kelompok Usaha adalah Dolar AS dan memutuskan mata
uang
penyajian
laporan
keuangan
konsolidasian
menggunakan Dolar AS.
33
1 Dolar AS
(USD)/Rupiah / US
Dollar 1 (USD)/Rupiah
30 Juni 2012/
31 Desember 2013/
12,212.00
8,823.00
9,480.00
12,189.00
1.27
1.30
1.28
1.27
109.33
76.56
79.24
104.92
1
Dolar
AS
(USD)/SGD
/
US
Dollar 1 (USD))/SGD
1 Dolar AS (USD)/JPY
/ US Dollar 1
(USD)/JPY
v.
v. Pajak Penghasilan
Income Tax
Pajak kini
Current tax
Kekurangan/kelebihan
pembayaran
pajak
penghasilan
disajikan sebagai bagian dari Beban Pajak Kini dalam
laporan laba rugi komprehensif konsolidasian. Kelompok
Usaha juga menyajikan bunga/denda, jika ada, sebagai
bagian dari Beban Pajak Kini.
Pajak tangguhan
Pajak tangguhan diakui dengan
liabilitas atas perbedaan temporer
antara dasar pengenaan pajak aset
tercatatnya untuk tujuan pelaporan
pelaporan.
menggunakan metode
pada tanggal pelaporan
dan liabilitas dan jumlah
keuangan pada tanggal
Deferred tax
Deferred tax is provided using the liability method on
temporary differences at the reporting dates between the
tax bases of assets and liabilities and their carrying
amounts for financial reporting purposes at the reporting
date.
34
Aset pajak tangguhan dan liabilitas pajak tangguhan disalinghapuskan jika terdapat hak secara hukum untuk melakukan
saling hapus atas aset pajak kini terhadap liabilitas pajak kini
atau aset dan liabilitas pajak tangguhan pada entitas yang
sama, atau kelompok usaha yang bermaksud untuk
menyelesaikan aset dan liabilitas lancar berdasarkan jumlah
neto.
w. Ventura Bersama
w.
35
Joint Venture
The Group has an interest in a joint venture, which is a
jointly controlled entity, whereby the venturers have a
contractual arrangement that establishes joint control over
the economic activities of the entity. The agreement
requires unanimous agreement for financial and operating
decisions among the venturers.
Penyesuaian
dilakukan
dalam
laporan
keuangan
konsolidasian interim Kelompok Usaha untuk mengeliminasi
bagian saldo transaksi antar Kelompok Usaha, transaksi dan
keuntungan dan kerugian yang belum direalisasi dari transaksi
antar Kelompok Usaha dan ventura bersama tersebut.
Kerugian dari transaksi akan segera dicatat jika kerugian
tersebut memberikan bukti pengurangan dari nilai realisasi
neto dari aset lancar atau kerugian penurunan nilai. Ventura
bersama dikonsolidasi proporsional sampai tanggal dimana
Kelompok Usaha berhenti memiliki pengendalian atas ventura
bersama.
x.
x. Informasi Segmen
Untuk tujuan manajemen, Kelompok Usaha dibagi menjadi
Enam segmen operasi berdasarkan produk dan jasa yang
dikelola secara independen oleh masing-masing pengelola
segmen yang bertanggung jawab atas kinerja dari masingmasing segmen. Para pengelola segmen melaporkan secara
langsung kepada manajemen Perusahaan yang secara teratur
mengkaji hasil operasi sebagai dasar untuk mengalokasikan
sumber daya ke masing-masing segmen dan untuk menilai
kinerja segmen. Pengungkapan tambahan pada masingmasing segmen terdapat dalam Catatan 46, termasuk faktor
yang digunakan untuk mengidentifikasi segmen yang
dilaporkan dan dasar pengukuran informasi segmen.
Segment Information
36
z.
37
3. PERTIMBANGAN,
SIGNIFIKAN
Pertimbangan
ESTIMASI
DAN
ASUMSI
AKUNTANSI
3. SIGNIFICANT ACCOUNTING
AND ASSUMPTION
JUDGEMENT,
ESTIMATES
Judgments
Pertimbangan
Judgments
38
3. PERTIMBANGAN, ESTIMASI
SIGNIFIKAN (lanjutan)
DAN
ASUMSI
AKUNTANSI
ESTIMATES
The Group estimates the useful lives of its fixed assets based on
expected asset utilization as anchored on business plans and
strategies that also consider expected market behavior. The
estimation of the useful lives of fixed assets is based on the
Groups assessment of industry practice, internal technical
evaluation and experience with similar assets. The estimated
useful lives are reviewed at least each financial year-end and
are updated if expectations differ from previous estimates due to
physical wear and tear, technical or commercial obsolescence
and legal or other limitations on the use of the assets. It is
possible, however, that future results of operations could be
materially affected by changes in the estimates brought about by
changes in the factors mentioned above.
39
3. PERTIMBANGAN, ESTIMASI
SIGNIFIKAN (lanjutan)
DAN
ASUMSI
AKUNTANSI
ESTIMATES
40
3. PERTIMBANGAN, ESTIMASI
SIGNIFIKAN (lanjutan)
DAN
ASUMSI
AKUNTANSI
ESTIMATES
Instrumen Keuangan
Financial Instruments
Nilai tercatat dari aset keuangan yang diukur pada nilai wajar
dalam laporan posisi keuangan konsolidasian interim pada
tanggal 30 September 2014 adalah sebesar USD92.132.418 dan
31 Desember 2013 sebesar USD85.384.831, sedangkan nilai
tercatat liabilitas keuangan dalam laporan posisi keuangan
konsolidasian interim pada tanggal 30 September 2014 adalah
sebesar USD7.460.965 dan 31 Desember 2013 sebesar
USD11.927.017 (Catatan 7 dan 34).
41
3. PERTIMBANGAN, ESTIMASI
SIGNIFIKAN (lanjutan)
DAN
ASUMSI
AKUNTANSI
ESTIMATES
Aset pajak tangguhan diakui atas seluruh rugi fiskal yang belum
digunakan sepanjang besar kemungkinannya bahwa penghasilan
kena pajak akan tersedia sehingga rugi fiskal tersebut dapat
digunakan. Estimasi signifikan oleh manajemen disyaratkan
dalam menentukan jumlah aset pajak tangguhan yang dapat
diakui, berdasarkan saat penggunaan dan tingkat penghasilan
kena pajak dan strategi perencanaan pajak masa depan.
Deferred tax assets are recognized for all unused tax losses to
the extent that it is probable that taxable profit will be available
against which the losses 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.
Reserve Estimates
42
3. PERTIMBANGAN, ESTIMASI
SIGNIFIKAN (lanjutan)
DAN
ASUMSI
AKUNTANSI
ESTIMATES
43
KEMBALI
LAPORAN
4. PENYAJIAN
KONSOLIDASIAN TAHUN SEBELUMNYA
KEUANGAN
4. RESTATEMENT OF PRIOR
FINANCIAL STATEMENTS
YEARS
CONSOLIDATED
Dilaporkan
Sebelumnya/
As previously
reported
Disajikan kembali/
As restated
ASET
Properti minyak dan gas setelah
dikurangi akumulasi penyusutan,
deplesi, amortisasi dan cadangan
penurunan nilai
Goodwill dan aset tak
berwujud lainnya, neto
Total Aset Tidak Lancar
Total Aset
ASSETS
Oil and gas properties - net of
accumulated depreciation, depletion,
amortization and allowance
409,142,221
for impairment
Goodwill and other
4,021,317
Intangible assets, net
2,537,482,690
Total Non-Current Assets
4,318,010,538
Total Assets
432,617,966
25,710,029
2,582,647,147
4,363,174,995
LIABILITAS
Liabilitas yang masih harus dibayar
Total Liabilitas Jangka Pendek
Liabilitas pajak tangguhan, neto
Liabilitas jangka panjang
imbalan kerja
Total Liabilitas Jangka Panjang
Total Liabilitas
EKUITAS
Saldo laba
Total Ekuitas yang Dapat Diatribusikan
Kepada Pemilik Entitas Induk
Total Ekuitas
Total Liabilitas dan Ekuitas
LIABILITIES
180,125,591
885,798,906
571,231
180,458,414
886,131,729
20,247,134
100,124,151
750,149,566
1,635,948,472
101,362,939
771,064,257
1,657,195,986
2,096,615,050
2,030,203,080
2,545,404,272
2,727,226,523
4,363,174,995
2,478,992,301
2,660,814,552
4,318,010,538
44
Accrued liabilities
Total Current Liablities
Deferred tax liability, net
Long-term liabilities of
employees benefits
Total Non-Current Liabilities
Total Liabilities
EQUITY
Retained earnings
Total Equity Attributable to Owners
of the Parent Entity
Total Equity
Total Liabilities and Equity
31 Desember 2013/
30 September 2014/ 31 Desember 2011/ December 31, 2013
September 30, 2014 December 31, 2011 (Diaudit/Audited )
(Tidak Diaudit/ (Disajikan kembali/(Disajikan kembali)/
Unaudited)
As restated)
(Restated)
###########
1,319,168,247
Kas
Cash on Hand
Rp
Rp
5,254,248,458
2,627,271,900
Bank
Rekening Dolar AS :
Entitas berelasi dengan pemerintah
PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk
Pihak ketiga
Bank of America, N.A.
PT Bank Mizuho
PT Bank Sumitomo Mitsui Indonesia
Citibank N.A,, Jakarta
The Royal Bank of Scotland N.V., Jakarta
Rekening Rupiah :
Entitas berelasi dengan pemerintah
PT Bank Mandiri (Persero) Tbk
Rp 432,191,935,849 pada tahun 2014 dan
Rp 176,676,321,956 pada tahun 2013
PT Bank Rakyat Indonesia (Persero) Tbk
Rp 254,502,627,413 pada tahun 2014 dan
Rp
97,840,476,086 pada tahun 2013
PT Bank Negara Indonesia (Persero) Tbk
Rp 362,177,213,449 pada tahun 2014 dan
Rp
88,146,660,556 pada tahun 2013
PT Bank Tabungan Negara (Persero ) Tbk
Rp
3,134,764,357 pada tahun 2014 dan
Rp
1,536,675,290 pada tahun 2013
PT Bank Mandiri Syariah
Rp
285,430,213 pada tahun 2014 dan
Rp
544,152,860 pada tahun 2013
Pihak ketiga
PT Bank Central Asia Tbk
Rp
2,961,503,431 pada tahun 2014 dan
Rp
1,683,651,225 pada tahun 2013
Bank of America, N.A., Singapura
Rp
3,062,467,246 pada tahun 2014 dan
Rp
2,461,148,493 pada tahun 2013
PT Bank CIMB Niaga Tbk
Rp
777,970,616 pada tahun 2014 dan
Rp
771,442,288 pada tahun 2013
Rekening Yen Jepang :
Entitas berelasi dengan pemerintah
PT Bank Mandiri (Persero) Tbk
JPY
497,131,096 pada tahun 2014 dan
JPY
47,137,416 pada tahun 2013
Pihak ketiga
ABN AMRO Bank N.V.
JPY
326,174,693 pada tahun 2014 dan
JPY
124,464,255 pada tahun 2013
430,253
215,544
215,544
107,248,078
65,805,063
397,332,386
400,646,286
94,350,229
60,256,272
400,646,286
94,350,229
60,256,272
84,139,215
900
544
199,845
49,145
84,949,869
112,560
71,357
84,949,869
112,560
71,357
Rp
Rp
5,254,248,458
2,627,271,900
Cash in Banks
US Dollar Accounts :
Government-related entities
PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk
Third parties
Bank of America, N.A.
PT Bank Mizuho
PT Bank Sumitomo Mitsui Indonesia
Citibank N.A., Jakarta
The Royal Bank of Scotland N.V., Jakarta
35,390,758
14,494,733
14,494,735
Rp
Rp
20,840,372
8,026,949
8,026,949
Rp
Rp
29,657,486
7,231,657
7,231,656
Rp
Rp
256,695
126,071
Rp
Rp
23,373
14,494,733
44,643
Rp
Rp
242,508
138,129
138,129
Rp
Rp
250,775
201,916
201,916
Rp
Rp
63,705
63,290
63,290
Rp
Rp
Rupiah Accounts:
Government-related entities
PT Bank Mandiri (Persero) Tbk
432,191,935,849 in 2014 and
176,676,321,956 in 2013
PT Bank Rakyat Indonesia (Persero) Tbk
254,502,627,413 in 2014 and
97,840,476,086 in 2013
PT Bank Negara Indonesia (Persero) Tbk
362,177,213,449 in 2014 and
88,146,660,556 in 2013
PT Bank Tabungan Negara (Persero) Tbk
3,134,764,357 in 2014 and
1,536,675,290 in 2013
PT Bank Mandiri Syariah
285,430,213 in 2014 and
544,152,860 in 2013
Third parties
PT Bank Central Asia Tbk
2,961,503,431 in 2014 and
1,683,651,225 in 2013
Bank of America, N.A., Singapura
3,062,467,246 in 2014 and
2,461,148,493 in 2013
PT Bank CIMB Niaga Tbk
777,970,616 in 2014 and
771,442,288 in 2013
4,547,128
449,254
449,253
JPY
JPY
497,131,096
47,137,416
2,983,435
1,186,235
1,186,235
JPY
JPY
326,174,693
124,464,255
71,397
175,893
175,893
749,102,808
672,354,628
672,525,343
in 2014 and
in 2013
SGD
SGD
87,133,652
100,000,000
157,000,000
20,000,000
300,000,000
105,400,000
45
20,000,000
300,000,000
105,400,000
US Dollar Accounts :
Government-related entities
PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk
29,020,833
52,637,829
52,637,822
Rp
Rp
81,477,236
50,127,164
50,127,164
Rp
Rp
16,991,490
33,841,989
33,841,989
Rp
Rp
84,092,215
84,092,221
Rp
Rp
164,082
Rp
Rp
471,623,211
1,221,156,272
646,099,196
###########
164,082
646,427,360
1,319,168,247
Rp
Rp
Rupiah Accounts:
Government-related entities
PT Bank Mandiri (Persero) Tbk
354,402,480,000 in 2014 and
641,602,480,616 in 2013
PT Bank Rakyat Indonesia (Persero) Tbk
995,000,000,000 in 2014 and
611,000,000,000 in 2013
PT Bank Negara Indonesia (Persero) Tbk
207,500,000,000 in 2014 and
412,500,000,000 in 2013
PT Bank Tabungan Negara (Persero) Tbk
- in 2014 and
1,025,000,000,000 in 2013
PT Bank Mandiri Syariah
- in 2014 and
2,000,000,000 in 2013
Third parties
PT Bank BTPN
- in 2014 and
2,000,000,000 in 2013
Sub Total
Total
2014
5,25% - 11,05%
0,35% - 2,15%
2011
6,00% - 7,25%
0,50% - 2,15%
2013
4,00% - 10,00%
0,25% - 2,25%
102,112
1,163,447
1,163,447
594,150
594,150
622
101,490
978
305,505
978
305,505
102,112
262,813
1,163,447
262,814
1,163,447
Rupiah Accounts
US Dollar Accounts
6 RESTRICTED CASH
US Dollar Accounts :
Government-related entities
PT Bank Mandiri (Persero) Tbk
Third parties
The Hongkong and Shanghai Banking Corporation Ltd.
Bank of America N.A., Singapura
Rp
Rp
Rupiah Accounts:
Government-related entities
PT Bank Mandiri (Persero) Tbk
- in 2014 and
3,203,432,934 in 2013
As of September 30, 2014 and December 31, 2013, the restricted cash in PT Bank
Mandiri (Persero) Tbk amounted to niil and Rp3,203,432,934, respectively, represents
escrow account in accordance with the land compensation agreement with PT
Perkebunan Nusantara VII (Persero) in relation to Transmission Network Project of
South Sumatera - West Java (SSWJ) (Note 40.7).
As of December 31, 2013, the restricted cash in PT Bank Mandiri (Persero) Tbk, a
related party, represents escrow account in accordance with the Domestic Swap
Agreement between the Company, PT Banten Global Development and Gas Supply
Pte. Ltd. in relation to the purchasing of gas amounted to USD594,150.
Restricted cash in The Hongkong and Shanghai Banking Corporation Ltd. amounting
to USD622 and USD978 as of September 30, 2014 and December 31, 2013,
respectively, were established for repayment of Transgasindos long-term loan
obtained from HSBC on August 30, 2010. (Note 23) and in Bank of America, N.A.
amounting to USD101,490 and USD305,505 as of September 30, 2014 and December
31, 2013, respectively, were established for repayment of Transgasindos promissory
notes.
46
92,132,418
85,384,824
85,384,831
SHORT-TERM INVESTMENTS
Short-term investments represent investment in debt
instrument which is categorized as availablefor sale
financial assets and which fair value is determined by
reference to published price quotations in an active
market, issued by the following parties:
65,493,310
65,493,310
65,493,310
168,819
101,528
912,950
(4,302,618)
14,814,679
50,193
(4,302,620)
Government-related entities
PT Perusahaan Pertambangan Minyak (Pertamina)
Cost
Add:
Discount
Unrealized gain on increase in fair value
of available for sale marketable securities
The Government Bond - INDON 22
Cost
Add:
Discount
Unrealized gain on increase in fair value
of available for sale marketable securities
14,814,679
35,018
(285,676)
(1,320,345)
Perum Penggadaian
Harga Perolehan
Rp
20,000,000,000 pada tahun 2014 dan
Rp
20,000,000,000 pada tahun 2013
Ditambah:
- Kenaikan belum direalisasi atas perubahan nilai
wajar efek-efek yang tersedia untuk dijual
1,637,733
(153,603)
1,640,816
(160,475)
1,640,824
Rp
Rp
(160,475)
Perum Penggadaian
Cost
20,000,000,000 in 2014 and
20,000,000,000 in 2013
Add:
Unrealized gain on increase in fair value
of available for sale marketable securities
ANTAM
Harga Perolehan
ANTAM
Cost
Rp
25,000,000,000 pada tahun 2014 dan
Rp
25,000,000,000 pada tahun 2013
Ditambah:
- Kenaikan belum direalisasi atas perubahan nilai
wajar efek-efek yang tersedia untuk dijual
2,047,167
(70,347)
4,094,333
(264,220)
2,051,030
(140,465)
4,102,059
(236,872)
4,000,000
(312,920)
92,132,418
68,446,784
2,051,030
Rp
Rp
(236,872)
4,000,000
(692,840)
85,384,831
in 2014 and
in 2013
Add:
Unrealized gain on increase in fair value
of available for sale marketable securities
(140,465)
4,102,059
25,000,000,000
25,000,000,000
Rp
Rp
Indonesia Eximbank
Cost
in 2014 and
in 2013
Add:
Unrealized gain on increase in fair value
of available for sale marketable securities
50,000,000,000
100,000,000,000
In April 2012, the Company purchased several INDON 22 bonds with acquisition cost
of USD16,800,000 with nominal of USD100/bonds and purchase price ranging from
USD98.50- USD99.00/bonds. The bonds earn annual interest rate is 3.75% and based
on PT Pefindo, the bonds is rated at AAA.
47
On November 19, 2012, the Company purchased Surat Berharga Syariah Negara
(SBSN) with acquisition cost of USD4,000,000, nominal of USD100/bonds and
purchase price of USD100/bonds. The bonds earn annual interest rate at 3.3% and
based on PT Pefindo, the bonds is rated at AAA.
On December 14, 2011, the Company purchased PT Aneka Tambang (Persero) Tbks
Series B bonds with acquisition cost of Rp25,000,000,000 which is purchased at
nominal. The bonds earn annual interest rate at 9.05% and based on PT Pefindo, the
bonds is rated at AA.
8 PIUTANG USAHA
305,619,823
279,956,482
279,956,482
TRADE RECEIVABLES
This amount represents trade receivable balance is
consist of:
261,202,491
31,116,656
25,314,810
6,297,746
323,931,703
(18,311,880)
305,619,823
248,110,514
33,167,099
2,633,617
283,911,229
(12,162,454)
271,748,776
248,110,515
33,167,098
8,141,743
2,699,580
292,118,936
(12,162,454)
279,956,482
79,395,601
4,143,016
83,538,617
53,189,305
2,198,120
55,387,425
76,287,787
2,137,538
78,425,325
181,806,890
26,973,640
25,314,810
6,297,746
240,393,086
323,931,703
194,921,209
30,968,978
171,822,728
31,029,560
8,141,743
2,699,580
213,693,611
292,118,936
2,633,617
228,523,805
283,911,229
Gas distribution
Gas transmission
Oil and gas
Fiber optic rental and other
Total
Allowance for impairment losses
Net
Government-related entities
Gas distribution
Gas transmission
Sub total
Third parties
Gas distribution
Gas transmission
Oil and gas
Fiber optic rental
Sub total
Total
Piutang usaha dari entitas berelasi dengan pemerintah mayoritas berasal dari
piutang PT Perusahaan Listrik Negara (Persero) dan PT PLN Batam masingmasing sebesar USD51.175.207 dan USD1.937.242 pada tanggal 30 September
2014 dan USD50.127.813 dan USD1.582.221 pada tanggal 31 Desember 2013.
As of September 30, 2014 and December 31, 2013, the total of impairment losses of
the Companys trade receivables are as follows:
Penurunan individual
Penurunan kolektif
Total
17,530,817
781,063
18,311,880
11,526,750
852,978
12,379,728
48
11,386,439
776,015
12,162,454
Individual impairment
Collective impairment
Total
The aging analysis of trade receivables based on invoice dates are as follows:
287,140,600
202,423,710
261,319,336
18,515,581
1,128,175
746,857
16,400,490
323,931,703
11,345,713
894,308
1,872,699
15,306,057
231,842,487
14,233,337
861,745
676,774
15,027,744
292,118,936
Jumlah piutang usaha dalam mata uang Dolar Amerika Serikat untuk distribusi gas
bumi masing-masing adalah sebesar USD211.639.429 dan USD202.798.270 pada
tanggal 30 September 2014 dan 31 Desember 2013, untuk transmisi gas bumi
masing-masing adalah sebesar USD31.116.656 dan USD33.167.099 pada tanggal
30 September 2014 dan 31 Desember 2013, untuk telekomunikasi masing-masing
adalah sebesar USD1.591.091 dan USD1.097.845 pada tanggal 30 September
2014 dan 31 Desember 2013 dan untuk minyak dan gas bumi masing-masing
adalah sebesar USD25.314.810 dan USD8.141.743 pada tanggal 30 September
2014 dan 31 Desember 2013.
Piutang usaha tidak dijaminkan, tidak dikenakan bunga dan umumnya dikenakan
syarat pembayaran selambat-lambatnya tanggal 20 bulan penagihan.
Trade receivables are unsecured, non-interest bearing and are generally will subject to
the terms of payment at no later than the 20th of the billing month.
Transgasindo, a Subsidiary
Pada tanggal 11 Juni 2013, BPH Migas menerbitkan surat No. 781/07/Ka
BPH/2013 (Surat BPH Migas) kepada Direktur Utama Transgasindo terkait
pengaplikasian tarif baru toll fee pada ruas pipa Grissik - Singapura sebagaimana
disebutkan pada surat keputusan BPH Migas Nomor 217/Tarif/BPH
Migas/Kom/VIII/2010 tertanggal 11 Agustus 2010 (Surat Pengumuman Tarif
Baru).
On 11 June 2013, BPH Migas issued letter No. 781/07/Ka BPH/2013 (the BPH Migas
Letter) to the President Director of Transgasindo regarding the application of a new
tariff for toll fees in the Grissik - Singapore pipeline which had been issued according
to BPH Migas decision letter No. 217/Tarif/BPH Migas/Kom/VIII/2010 dated 11 August
2010 (New Tariff Announcement Letter).
The issuance of the BPH Migas Letter was in relation with the decision letter of
Supreme Court of Republic of Indonesia No. 205/K/TUN/2012 rejecting the cassation
proposed by ConocoPhillips (Grissik) Ltd about its dispute with BPH Migas, which was
due to a new tariff for toll fees to be applied at the beginning of August 2010, as
mentioned in the New Tariff Announcement Letter.
Due to the dispute over the new tariff, Transgasindo provided allowance for
impairment losses amounting to USD4 million, which represents disputed of
receivables for the period August to December 2010. Transgasindo did not provide
any additional allowance for impairment losses for the period January 1, 2011 to June
30, 2013, as it had billed the shippers with the old tariff.
By the issuance of the BPH Migas Letter, Transgasindo will be able to recognize the
additional revenue and receivables for gas transportation commencing January 1,
2011 resulting from application of the new tariff. Up to the completion date of the
consolidated financial statements, Transgasindo has applied the new tariff to its
invoices submitted to customers.
The management of the Group is of the opinion that the allowance for impairment is
adequate to cover any loss from uncollectible accounts.
49
9 PIUTANG LAIN-LAIN
125,032,398
35,862,770
35,862,770
SGD
5,527
OTHER RECEIVABLES
This amount represents other receivables balance
consists of:
39,261,996
Underlifting receivables
Reimbursable Value-Added Tax
Government of the Republic of Indonesia
Loan recevables
Kalija receivables
2,934,610
11,710,173
1,301,663
1,301,663
1,301,663
5,098,478
in 2014
Rp
Rp
USD
24,870,289
5,220,166
32,680,616
2,480,974
2,687,500
2,133,426
2,480,974
11,116,613
Rp
Rp
2,687,500
1,473,740
1,473,740
Rp
Rp
4,645,101
Rp
Rp
4,325,802,740
USD
372,294
Rp
7,209,898,630
in 2014 and
USD
3,053,240
2,208,780
2,208,780
5,536,646,492
303,715,972,000
-
USD
1,617,271
in 2013
Others
dan
5,527
Jumlah
Cadangan kerugian penurunan nilai
Rp
(14,197,793) dan
USD
(1,301,663) pada tahun 2014 dan
Rp
(14,197,800) dan
USD
(1,301,663) pada tahun 2013
Total
10,027,849
126,335,223
(1,302,825)
125,032,398
15,303,072
34,478,402
(1,303,131)
33,175,271
1,251,545
37,165,598
(1,302,828)
35,862,770
USD
Rp
USD
Rp
Rp
USD
Rp
USD
5,512,586 SGD
5,527
55,087,430,679 in 2014 and
2,086 SGD
5,527
15,176,461,543 in 2013
and
and
Total
Allowance for impairment losses
and
in 2014 and
and
in 2013
(14,197,793)
(1,301,663)
(14,197,800)
(1,301,663)
Total
Piutang underlifting dari SKK MIGAS berasal dari blok Ujung Pangkah.
Piutang Pajak Pertambahan Nilai (PPN) yang dapat ditagihkan merupakan PPN
yang dibayarkan oleh entitas anak yang bergerak di bidang eksplorasi dan produksi
minyak dan gas bumi di Indonesia, yang dapat ditagih kembali dari Satuan Kerja
Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKKMIGAS).
Reimbursable Value Added Tax (VAT) represents VAT paid by subsidiary involved in
oil and gas exploration and production in Indonesia which is reimbursable from Satuan
Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKKMIGAS).
Receivable from PT Hoegh LNG Lampung represent amounts due from in relation to
the value added tax payments by PLI on imported machineries/equipment on behalf of
PT Hoegh LNG Lampung.
Piutang dari aktivitas minyak dan gas merupakan piutang yang berkaitan dengan
aktivitas eksplorasi dan produksi minyak dan gas termasuk pembayaran cash call
yang berkaitan dengan kontrak kerjasama pada blok Ketapang dan Bangkanai
(Catatan 40.23 dan 40.24).
Receivables from oil and gas activities represent receivables relating to oil and gas
exploration and production activities including cash call payment relating to the
Ketapang and Bangkanai PSC (Notes 40.23 and 40.24).
Based on the Ministry of Finance Letter No. S/219/PB.3/2009, dated March 6, 2009
which stated that the amount in the special account had been transferred to State
Office Funds account in US Dollar currency on February 12, 2009 and such account
had been closed on February 13, 2009, as stated in the Letter of Head of Banking
Services of Bank Indonesia dated February 19, 2009 No. 11/49/DASP/LIP, regarding
the transfer of special account amount and closing of inactive special account, the
management decided to provide full allowance for these receivables from the
Government of the Republic of Indonesia.
Uang muka proyek merupakan pembayaran uang muka atas pembayaran kepada
kontraktor atas pekerjaan pemeliharaan.
The management of the Group believes that the allowance for impairment losses is
adequate to cover any loss from uncollectible of other receivables.
50
10 PERSEDIAAN
51,350,304
14,615,268
14,615,268
10
INVENTORIES
This amount with detail as follow:
5,135,473
18,852,397
27,526,926
(164,492)
51,350,304
7,855,836
(1,857,238)
5,998,597
7,855,836
8,616,671
(1,857,239)
14,615,268
Spare parts
LNG
Oil and gas sparepart, well supplies and others
Allowance for inventory obsolescence
Net
Inventories are not pledged and are insured against losses from fire and other risks
under blanket policies for Rp174,747,617,090 and USD24,084,418. The management
of the Company believes that the insurance coverage is adequate to cover possible
losses from such risks.
Based on a review at the reporting dates, management believes that the above
allowance is adequate to cover possible losses from decline in market values of
inventories.
11 UANG MUKA
86,147,211
42,691,928
42,691,928
11 ADVANCES
This amount represents advances balance with the
detail as follows:
76,696,271
76,696,271
76,696,271
26,535,158
28,831,247
28,591,270
2,022,488
744,742
15,231
9,133,740
7,507,103
9,704,241
494,995
26,535,158
-
26,535,158
4,260,944
6,667,198
2,190,177
864,655
32,698
-
1,461,057
6,900,000
1,461,057
2,300,000
12,167,058
6,426,488
6,426,488
(118,296,438)
(6,559,787)
(76,696,271)
(5,103,557)
(79,783,801)
(5,103,557)
85,948,376
27,858,089
42,547,288
198,835
86,147,211
2,444,638
30,302,727
144,640
42,691,928
Uang muka pembelian gas bumi kepada ConocoPhilips, Pertamina EP, PT Wali
Nusa Energi, PT Sadikun Niagamas Raya, Bayu Buana Gemilang, Indogas Kriya
Dwiguna dan Santos masing-masing sebesar USD26.535.158, USD76.696.271,
USD28.831.247,
USD28.591.270,
USD9.133.740,
USD7.507.103
dan
USD9.704.241 pada tanggal 30 September 2014, ConocoPhilips, Pertamina EP,
PT Wali Nusa Energi dan PT Sadikun Niagamas Raya masing-masing sebesar
USD26.535.158, USD76.696.271, USD4.260.944 dan USD6.667.198 pada tanggal
31 Desember 2013. Uang muka tersebut didasarkan kepada kesepakatan MakeUp Gas , terdiri dari pembayaran untuk selisih jumlah gas yang dialirkan dengan
jumlah kuantitas pembelian gas bumi minimum seperti yang tertera dalam
Perjanjian Jual Beli Gas (Catatan 40). Uang muka tersebut akan dikreditkan
dengan kelebihan kuantitas gas yang dialirkan dengan jumlah kuantitas pembelian
gas bumi minimum yang terjadi setelahnya.
The advances for purchase of natural gas as of September 30, 2014 to Conoco
Philips, Pertamina EP, PT Wali Nusa Energi, PT Sadikun Niagamas Raya, Bayu
Buana Gemilang, Indogas Kriya Dwiguna and Santos amounted to sebesar
USD27,054,795, USD76,696,271, USD28,831,247, USD28,591,270, USD9,133,740,
USD7,507,103 dan USD9,704,241, respectively, to Conoco Philips, Pertamina EP, PT
Wali Nusa Energi dan PT Sadikun Niagamas Raya as of December 31, 2013
amounted to USD27,054,795, USD76,696,271, USD4.260.944 and USD6.667.198,
respectively. The advances for purchase of natural gas under the Make-Up Gas
arrangements pertain to the payments for the difference between the delivered
quantity and the minimum purchase quantity of natural gas as stated in the Gas Sale
and Purchase Agreements (Note 40). Such advances will be applied against future
deliveries of quantities over the minimum specified purchase quantities of natural gas.
Uang muka pembelian gas bumi kepada PT Niaga Gema Teknologi, PT Nugas
Trans Energy dan PT Gresik Migas masing-masing sebesar USD2.022.488,
USD744.742 dan USD15.231 pada tanggal 30 September 2014 dan PT Niaga
Gema Teknologi, PT Nugas Trans Energy dan PT Gresik Migas masing-masing
sebesar USD2.190.177, USD864.655 dan USD32.698 pada tanggal 31 Desember
2013. Uang muka tersebut didasarkan kepada kesepakatan Make-Up Gas , terdiri
dari pembayaran untuk selisih jumlah gas yang dialirkan dengan jumlah kuantitas
pembelian gas bumi minimum seperti yang tertera dalam Perjanjian Jual Beli Gas
(Catatan 40). Uang muka tersebut akan dikreditkan dengan kelebihan kuantitas gas
yang dialirkan dengan jumlah kuantitas pembelian gas bumi minimum yang terjadi
setelahnya.
The advances for purchase of natural gas as of September 30, 2014 to PT Niaga
Gema Teknologi, PT Nugas Trans Energy dan PT Gresik Migas amounted to sebesar
USD2,022,488, USD744,742 and USD15,231 and as of December 31, 2013 to PT
Niaga Gema Teknologi, PT Nugas Trans Energy dan PT Gresik Migas amounted to
sebesar USD2,190,177, USD864,655 and USD32,698, respectively. The advances
for purchase of natural gas under the Make-Up Gas arrangements pertain to the
payments for the difference between the delivered quantity and the minimum purchase
quantity of natural gas as stated in the Gas Sale and Purchase Agreements (Note 40).
Such advances will be applied against future deliveries of quantities over the minimum
specified purchase quantities of natural gas.
51
11 ADVANCES (continued)
The ship or pay advance is payment of gas transmission fee using pipeline for the
difference between the delivered quantity and the minimum delivery quantity of natural
gas as stated in Transportation Gas Agreement through EJGP (Note 40.2). Such
advance will be applied against future deliveries of quantities over the minimum
specified delivery quantities of natural gas.
On November 20, 2013, the Company, Banten Global Development (BDG) and Gas
Supply Pte. Ltd. (GSPL), signed the Escrow Account Management Agreement for the
purchase of domestic gas. Agreed domestic buyers will deposit into escrow for
USD792.000 escrow account. On May 30, 2014, the Company's related escrow
deposit for USD494.995.
Advance for purchase of goods represents payment for Metering Regulation System
(MRS) procurement, steel pipe, pilot and ball valve to the third parties.
Advance for office space represents payment for office space in the Manhattan
Square Building.
The management is of the opinion that all of such advances can be recovered.
18,967,242
1,684,883
1,684,875
12
2,455
708,569
133,625
3,837,702
1,510,209
9,110,000
433,018
1,095,832
92,349
433,018
1,095,832
-
3,502,305
162,377
18,967,242
63,683
1,684,883
156,025
1,684,875
40,643,431
40,265,562
Prepaid tax
Income tax - Article 21
Income tax - Article 23
Income tax - Article 25
Prepaid expenses
Rent
Insurance
Arrangement fee
Prepaid expenses for oil
and gas activities
Others
Total
13
Piutang carry
Piutang dari KUFPEC
Sub-total
Penyesuaian nilai wajar
35,600,000
7,771,788
43,371,788
(2,728,357)
35,600,000
7,771,788
43,371,788
(3,106,226)
Saldo akhir
40,643,431
40,265,562
Carry receivables
Receivable from KUFPEC
Sub-total
Fair value adjustment
Ending Balance
Based on Farm Out Agreement of Bangkanai PSC, SBK will carry USD30,000,000 of
Salamander Energy (Bangkanai) Limiteds carried development costs, pay a promote
USD5,600,000 on the drilling cost in West Kerendan-1 Well and pay a promote
USD1,500,000 on the forthcoming exploration drilling in such block. On September 30,
2014 and December 31, 2013, the amount paid by SBK was USD35,600,000. SBK
can recover the development and drilling cost in production activities, to a maximum of
the above amounts.
SBK mencatat penyesuaian nilai wajar atas piutang dari Salamander Energy
(Bangkanai) Limited terkait dengan pembayaran carry tanpa bunga dengan
mengestimasi nilai kini atas penerimaan arus kas masuk masa depan yang
didiskonto dengan menggunakan tingkat suku bunga pinjaman SBK. Setelah
pengakuan awal, SBK akan mencatat pendapatan bunga unwinding atas piutang
tersebut yang disajikan dalam akun Pendapatan Keuangan di dalam laporan laba
rugi komprehensif konsolidasian interim untuk periode yang berakhir 30 September
2014 dan 31 Desember 2013, sampai dengan periode estimasi pembayaran
terakhir dengan menyesuaikan jumlah tercatat piutang menjadi nilai nominal.
SBK recorded fair value adjustment to the receivables from Salamander Energy
(Bangkanai) Limited that carries no interest by estimating present value of all future
cash receipts discounted using the borrowing rate of SBK. Subsequent to recognition,
SBK will record the unwinding interest income for such receivables which is presented
under Finance Income in the interim consolidated statement of comprehensive
income for the period ended September 30, 2014 and December 31,2013, over the
period up to the estimated final payment to adjust the carrying amount of the
receivables to its face value.
52
13
The management of the Group believes that all of the receivables are collectible.
Hence, no allowance for impairment losses has been provided.
14 PENYERTAAN SAHAM
102,820,654
95,331,310
95,331,310
14
Entitas Induk
Metode ekuitas
PT Nusantara Regas
Rp
Rp
533,076,000,000
533,076,000,000
58,158,141
45,929,742
58,158,141
Rp
Rp
533,076,000,000
533,076,000,000
111,453
111,453
111,453
Rp
Rp
1,000,000,000
1,000,000,000
Rp
Rp
(1,000,000,000)
(1,000,000,000)
1,000,000,000
1,000,000,000
Ditambah/dikurangi:
Pembagian dividen
- PT Nusantara Regas
Bagian laba rugi neto
- PT Nusantara Regas
- PT Gas Energy Jambi
Rp
Rp
(18,634,781)
63,294,576
(111,453)
102,817,936
(2,498,684)
(932,007)
39,669,135
(111,453)
44,997,736
(111,453)
95,328,592
25,000,000
25,000,000
Total, Neto
2,718
2,718
2,718
102,820,654
45,000,454
95,331,310
Rp
Rp
The Company
Equity method
PT Nusantara Regas
in 2014 and
in 2013
PT Gas Energy Jambi
in 2014 and
in 2013
Add/less:
Payment of dividend
PT Nusantara Regas Share in net earnings/loss
PT Nusantara Regas PT Gas Energy Jambi in 2014 and
in 2013
Cost method
PT Banten Gas Synergi
25,000,000 in 2014 and
25,000,000 in 2013
Total, Net
2014
% kepemilikan
efektif/
% of effective
ownership
Metode ekuitas/Equity method
PT Nusantara Regas
Metode biaya perolehan/Cost method
Perusahaan/The Company
PT Banten Gas Synergi
Total
Penambahan/
Additions
40%
95,328,592
(16,136,096)
23,625,440
102,817,936
1%
2,718
95,331,310
(16,136,096)
23,625,440
2,718
102,820,654
32,272,194
95,328,592
2013
% kepemilikan
efektif/
% of effective
ownership
Penambahan/
Additions
40%
65,555,082
(2,498,684)
40%
394,671
(394,671)
1%
2,718
65,952,471
(2,893,355)
53
32,272,194
2,718
95,331,310
14
On April 14, 2010, the Company and PT Pertamina (Persero) signed the Deed of
Establishment of PT Nusantara Regas, a Joint Venture of Liquified Natural Gas (LNG)
Floating Storage and Regasification Terminal (FSRT) in West Java. Based on the
Deed of Establishment of PT Nusantara Regas on May 6, 2010, the Company paid the
investment amounting to Rp200,000,000,000 which reflect the ownership interest of
40%. PT Nusantara Regas is engaged in the management and development of FSRT
facilities including purchase of LNG and marketing of products arising from the
operations of FSRT facilities.
The Company made additional investments on December 27, 2011 and May 10, 2012
amounting to Rp220,000,000,000 and Rp113,076,000,000, respectively, after such
contribution, the Company maintains ownership interest of 40%. On May 30, 2013, the
Company has received dividend income from PT Nusantara Regas for 2012 net
income amounting to USD2,498,684.
Pada tahun 2004, Perusahaan melakukan penyertaan saham pada PT Gas Energi
Jambi yang bergerak dalam bidang transportasi dan distribusi gas bumi, dengan
penyetoran investasi sebesar Rp1.000.000.000 yang mencerminkan persentase
kepemilikan sebesar 40%. Pada tanggal 31 Desember 2012, 31 Desember 2011
dan 1 Januari 2011/ 31 Desember 2010, nilai tercatat dari investasi adalah nihil
sejalan dengan defisiensi modal yang dialami PT Gas Energy Jambi.
On 2004, the Company has invested in shares of stock of PT Gas Energi Jambi, which
is engaged in transportation and distribution of natural gas, with investment paid
amounting Rp1,000,000,000 which reflect the ownership interest of 40%. As of
December 31, 2012, December 31, 2011 and January 1, 2011/December 31, 2010,
the carrying value of the investment is nil in line with capital deficiency incurred in PT
Gas Energy Jambi.
The Company has invested in shares of stock of PT Banten Gas Synergi, which is
engaged in transportation and distribution of natural gas, with acquisition cost
amounting to Rp25,000,000 which represents 1% ownership interest. On November
14, 2012, the Companys ownership interest was changed to 0.14% due to there was
an additional of shares issuance in PT Banten Gas Synergi.
54
15 ASET TETAP
1,898,419,092
1,837,231,368
15
FIXED ASSETS
This amount represents fixed assets with the detail as
follow:
Nilai Tercatat
Kepemilikan Langsung
Tanah
Bangunan dan prasarana
Mesin dan Peralatan
Kendaraan Bermotor
Peralatan Kantor
Peralatan dan Perabot
Aset Dalam Pelaksanaan
Aset Belum Terpasang
Aset Kerjasama Operasi
Tanah
Total Nilai Tercatat
Akumulasi Penyusutan
Kepemilikan Langsung
Bangunan dan prasarana
Mesin dan Peralatan
Kendaraan Bermotor
Peralatan Kantor
Peralatan dan Perabot
Aset Belum terpasang
Total Akumulasi Penyusutan
Nilai Buku
Penambahan/
Additions
Pengurangan / Reklasifikasi/
Deduction/ Reclassification
Saldo Akhir/
Ending balances
Carrying value
Direct ownership
66,695,919
127,260,715
2,598,447,733
3,694,624
12,825,290
13,496,346
23,679
16,730,122
12,204,360
75,377
1,329,337
1,161,194
2,374,128
1,877,569
42,739,535
(809,285)
(25,099)
(123,252)
69,093,726
145,868,406
2,653,391,628
2,960,716
14,129,528
14,534,288
Land
Buildings and improvements
Machineries and equipment
Vehicles
Office equipment
Furnitures and fixtures
447,319,968
282,946,230
(176,778,434)
553,487,764
Construction in progress
19,304,488
16,224,613
(14,715,440)
20,813,661
Uninstalled assets
1,745,636
3,476,025,353
49,229,210
1,499,275,203
2,421,956
11,482,092
10,704,675
4,493,125
1,577,606,261
1,898,419,092
Accumulated depreciation
Direct ownership
Buildings and improvements
Machineries and equipment
Vehicles
Office equipment
Furnitures and fixtures
Uninstalled assets
Total accumulated depreciation
Book Value
1,745,636
3,290,790,719
330,694,912
43,563,074
1,383,597,430
2,975,776
10,073,172
8,692,651
4,657,248
1,453,559,351
1,837,231,368
(145,460,278)
5,675,590
115,639,151
129,861
1,523,887
2,135,759
1,996,356
127,100,604
(9,454)
38,622
(683,681)
(114,967)
(123,735)
(2,160,479)
(3,053,694)
Nilai Tercatat
Kepemilikan Langsung
Tanah
Bangunan dan prasarana
Mesin dan Peralatan
Kendaraan Bermotor
Peralatan Kantor
Peralatan dan Perabot
Aset Dalam Pelaksanaan
Aset Belum Terpasang
Penambahan/
Additions
Pengurangan / Reklasifikasi/
Deduction/ Reclassification
Saldo Akhir/
Ending balances
Carrying value
Direct ownership
58,609,544
122,921,794
2,512,772,051
3,624,353
10,549,090
10,618,980
1,308,314
4,451,907
15,140,705
85,959
2,051,268
2,943,058
6,778,061
(112,986)
70,534,977
(15,688)
224,932
(65,692)
66,695,919
127,260,715
2,598,447,733
3,694,624
12,825,290
13,496,346
Landrights
Buildings and improvements
Machineries and equipment
Vehicles
Office equipment
Furnitures and fixtures
235,329,249
300,183,236
(88,192,517)
447,319,968
Construction in progress
22,952,240
18,706,543
(22,354,295)
19,304,488
Uninstalled assets
1,745,636
2,979,122,937
344,870,990
(33,203,208)
1,745,636
3,290,790,719
Akumulasi Penyusutan
Kepemilikan Langsung
Bangunan dan prasarana
Mesin dan Peralatan
Kendaraan Bermotor
Peralatan Kantor
Peralatan dan Perabot
Aset Belum terpasang
Total Akumulasi Penyusutan
Nilai Buku
37,083,206
1,226,501,438
2,744,660
8,644,660
5,904,842
4,537,374
1,285,416,180
1,693,706,757
6,949,799
168,599,931
246,804
1,430,010
2,858,681
5,551,096
185,636,321
(469,931)
(11,503,939)
(15,688)
(1,498)
(70,872)
(5,431,222)
(17,493,150)
43,563,074
1,383,597,430
2,975,776
10,073,172
8,692,651
4,657,248
1,453,559,351
1,837,231,368
Accumulated depreciation
Direct ownership
Buildings and improvements
Machineries and equipment
Vehicles
Office equipment
Furnitures and fixtures
Uninstalled assets
Total accumulated depreciation
Book Value
Joint Venture Assets represent the Companys land in Surabaya which is used by PT
Citraagung Tirta Jatim for shopping center development and Head Offices land in
Jakarta which is used by PT Winatek Sinergi Mitra Bersama for development of
shopping center, parking facility and other supporting facilities (Note 40.7).
Jangka waktu hak atas tanah (Hak Guna Bangunan) yang dimiliki oleh Perusahaan
akan berakhir pada berbagai tanggal mulai Juni 2014 sampai tahun 2042 dan dapat
diperpanjang.
The terms of the land rights (Hak Guna Bangunan) owned by the Company will
expire in various dates from June, 2014 to 2042 but can be extended.
Penyusutan
yang
dibebankan
pada
usaha
masing-masing
sebesar
USD127,100,604 dan USD137,409,877 untuk tahun yang berakhir pada tanggal 30
September 2014 dan 2013 (Catatan 28 dan 29).
55
15
Proyek 1
Aset dalam penyelesaian dari proyek 1 terdiri dari:
1. Proyek Pembangunan LNG Floating Storage And Regasification Facilities (FSRF)
a.
b.
c.
LNG FSRF ini merupakan fasilitas untuk menunjang Floating Storage and
Regasification Unit (FSRU). FSRU adalah sebuah vessel dengan kapasitas
penyimpanan 170.000 m3. FSRU tersebut memiliki kapasitas send out rate LNG
sampai dengan 240 mmscfd dengan send out pressure sebesar 1140 Psig. Proses
transfer LNG dari LNG carrier ke FSRU menggunakan metode ship to ship transfer
dengan kapasitas tingkat muatan 5.000 m3 per jam. Pembangunan FSRU ini
dilengkapi dengan fasilitas penambat FSRU (mooring system ).
LNG FSRF is a facility to support Floating Storage and Regasification Unit (FSRU).
FSRU is a vessel with storage capacity 170,000 m3. The FSRU will have send out
rate LNG up to 240 mmscfd with send out pressure up to 1140 Psig. LNG transfer
system from LNG carrier to FSRU by ship to ship transfer method with capacity of
loading rate 5,000 m 3 per hour. The construction of FSRU is supported with mooring
system facility.
a.
b.
Project 2
Proyek 2
Aset dalam penyelesaian dari Proyek 2 terdiri dari tiga paket:
Project 3
Proyek 3
Aset dalam penyelesaian dari Proyek 3 terdiri dari:
a.
b.
Proyek Jalur Cikande - Bitung (CP3B) diperkirakan akan diselesaikan pada akhir
tahun 2014 dan pemasangan pipa baja Muara Bekasi - Muara Karang diperkirakan
akan selesai pada tahun 2015.
As of September 30, 2014, fixed assets are covered by insurance against losses from
fire and other risks under certain blanket policies for with sum insured for onshore
pipeline of USD50,000,000 for any one accident or occurrence of sum insured totaling
USD886,614,062 and offshore pipeline of USD336,463,804 for anyone accident or
occurrence and USD35,169,518 and Rp15,036,075,242,882 for other assets. The
Subsidiaries fixed assets are covered by insurance against losses from fire and other
risks under certain blanket policies for with sum insured for onshore pipeline of
USD348,251,088 and offshore pipeline of USD702,878,121 for any one accident or
occurrence, USD11,163,897 and Rp6,959,323,867 for other assets.
The management believes that the sum insured are adequate to cover possible losses
from such risks.
Pada tanggal 30 September 2014 dan 31 Desember 2013, jumlah harga perolehan
aset tetap Kelompok Usaha yang telah disusutkan penuh dan masih digunakan
dalam kegiatan operasional adalah masing-masing sebesar USD58.130.601 dan
USD91.879.491.
As of September 30, 2014 and December 31, 2013, the cost of the Group's fixed
assets which have been fully depreciated and still used in the operational activities
amounted to USD58,130,601 and USD91,879,491, respectively.
Pada tanggal 30 September 2014 dan 31 Desember 2013, nilai wajar aset tetap
Perusahaan masing-masing adalah sekitar sebesar USD3.259.520.967 dan
USD7.005.143.594.
As of September 30, 2014 and December 31, 2013, the fair values of the Companys
fixed assets approximately amounted to USD3,259,520,967 and USD7,005,143,594,
respectively.
56
15
Based on the assessment of the management of the Group, there are no events or
changes in circumstances which may indicate impairment in value of fixed assets as
of September 30, 2014 and December 31, 2013.
1,243,270,322
409,195,278
16
53,057
53,057
1,334,125
1,387,182
Total
53,057
53,057
1,833,527,182
1,833,527,182
554,612,631
554,612,631
(591,644,042)
1,241,883,140
(145,470,410)
409,142,221
1,243,270,322
409,195,278
Total
Aset minyak dan gas terdiri dari aset eksplorasi dan evaluasi untuk GMB Lematang
PSC, sedangkan properti minyak dan gas bumi untuk Ketapang, Bangkanai dan
Pangkah PSC (Catatan 40).
Oil and gas assets consist of exploration and evaluation assets at the GMB Lematang
PSC and oil and gas properties at the Ketapang, Bangkanai and Pangkah PSC (Note
40).
Entitas anak/subsidiaries
Participating Interest
SKP
SBK
SIP
SIPL
LLC
Lapangan/Block
Ketapang Jawa Timur/East Java
Bengkanai Kalimantan Timur/East Kalimantan
Ujung Pangkah Jawa Timur/East Java
Ujung Pangkah Jawa Timur/East Java
Ujung Pangkah Jawa Timur/East Java
20%
30%
25%
65%
10%
Pada tanggal 30 September 2014, seluruh sumur, perlengkapan dan fasilitas terkait
yang dimiliki Entitas Anak yang bergerak di bidang eksplorasi dan produksi minyak
dan gas bumi diasuransikan dengan nilai pertanggungan sebesar
USD1.021.129.209.
As of September 30, 2014, all wells and related equipment and facilities of
Subsidiaries involved in oil and gas exploration and production activities were insured
with sum insured of USD1,021,129,209.
Berdasarkan penelaahan atas aset minyak dan gas secara individu, manajemen
berkeyakinan bahwa tidak diperlukan cadangan penurunan nilai lebih lanjut atas
aset minyak dan gas pada tanggal 30 September 2014 dan 31 Desember 2013.
Based on the review of the individual oil and gas properties, the management believes
that no further impairment in value of oil and gas properties is necessary as of
September 30, 2014 and December 31, 2013.
57,106,001
4,021,317
Perubahan dalam akun goodwill dan aset tak berwujud lainnya untuk tahun yang
berakhir pada tanggal 30 September 2014 dan 31 Desember 2013 adalah sebagai
berikut:
Harga perolehan
Piranti lunak
Hak atas tanah
Goodwill
Sub total
Akumulasi amortisasi dan penurunan nilai
Piranti lunak
Hak atas tanah
Goodwill
Sub total
Total
2,748,466
1,817,988
89,050,652
93,617,106
(621,443)
(356,537)
(35,533,125)
(36,511,105)
57,106,001
4,021,317
17
The changes in the goodwill and other intangible assets account for the year ended
September 30, 2014 and December 31, 2013 are as follows:
1,972,554
1,972,554
(310,456)
(310,456)
1,662,098
2,696,334
1,972,554
35,588,503
40,257,391
(392,493)
(310,456)
(35,533,125)
(36,236,074)
4,021,317
Cost
Software
Land rights
Goodwill
Sub total
Accumulated amortization and impairment
Software
Land rights
Goodwill
Sub total
Total
Saldo goodwill di atas, termasuk saldo goodwill dari akuisisi TDS oleh PGASKOM
sebesar USD55.378 (Catatan 1.d).
Pada bulan Juni 2013, SEI melakukan akuisisi atas 100% kepemilikan saham pada
SIP, entitas nonpublik yang didirikan di Belanda dan memiliki 25% participating
interest atas Ujung Pangkah PSC.
In June 2013, SEI acquired 100% equity interests in SIP, a private company
incorporated in Netherland and has ownership of 25% of participating interest in Ujung
Pangkah PSC.
Pada bulan Januari 2014, SIP melakukan akuisisi atas 100% kepemilikan saham
pada Hess (Indonesia Pangkah) Limited (HIPL) HIPL dan Hess Pangkah LLC
(HPLLC). HIPL dan HPLLC adalah entitas non-publik yang memiliki masingmasing
sebesar 65% dan 10% participating interest atas Ujung Pangkah PSC.
In January 2014, SIP acquired 100% equity interests in Hess (Indonesia Pangkah)
Limited (HIPL) and Hess Pangkah LLC (HPLLC). HIPL and HPLLC are private
companies having 65% and 10% participating interest in Ujung Pangkah PSC,
respectively.
57
17
Therefore, as of September 30, 2014, the Group has 100% participating interest in
Ujung Pangkah PSC.
Sehubungan dengan akuisisi pada bulan Januari 2014 diatas, nilai wajar asset dan
liabilitas yang diakuisisi yang disajikan dalam laporan keuangan konsolidasian
interim tanggal 30 September 2014 adalah jumlah sementara mengingat
kompleksitas yang inheren dari sektor minyak dan gas, terutama dalam
menentukan penilaian property minyak dan gas. Reviu atas nilai wajar asset dan
liabilitas yang diakuisisi akan diselesaikan paling lambat dalam 12 bulan sejak
tanggal akuisisi.
In relation to the acquisitions in January 2014, the fair values of the assets and
liabilities acquired as presented in the interim consolidated financial statements as of
September 30, 2014 are provisional due to the complexity of the acquisition of the
acquisition and the inherently uncertain nature of the oil and gas sector, particularly in
valuing oil and gas property. The review of the fair value of the assets and liabilities
acquired will be completed within 12 months of the acquisition date.
The going concern value implicit in our ability to sustain and/or grow the Group
business by increasing reserves and resources through new discoveries.
2 Entry strategis untuk memperoleh tambahan participating interest pada blok Ujung
Pangkah.
The strategic entry point to obtain additional participating interest in Ujung Pangkah
block.
3 Persyaratan pengakuan aset dan liabilitas pajak tangguhan atas perbedaan nilai
wajar yang dialokasikan dengan dasar pengenaan pajak dari aset teridentifikasi
yang diperoleh dan liabilitas yang diambil alih dalam kombinasi bisnis yang tidak
mencerminkan nilai wajar.
The requirement to recognize deferred tax assets and liabilities for the difference
between the assigned fair values and the tax bases of assets acquired and liabilities
assumed in a business combination at amounts that do not reflect fair value.
Pengujian penurunan nilai atas goodwill dilakukan secara tahunan dan ketika
terdapat suatu indikasi bahwa nilai tercatatnya mengalami penurunan.
Goodwill is tested for impairment annually and when circumstances indicate the
carrying value may be impaired.
Nilai wajar dari aset dan liabilitas teridentifikasi KIP pada tanggal akuisisi (26 Juni
2013) adalah:
The provisional fair values of the identifiable assets and liabilities of KIP as at the date
of acquisition (June 26, 2013) were:
Assets
23,587
25,318,546
7,577,980
4,810,491
11,921,146
243,256,222
292,907,972
29,034,949
Other payables
Employee benefits liability
Loan to related party
Deferred tax liability, net
Asset abandonment and restoration
obligations and other provisions
Liabilitas
Utang lain-lain
Liabilitas imbalan kerja jangka panjang
Utang kepada pihak berelasi
Liabilitas pajak tangguhan, neto
Liabilitas pembongkaran aset dan
restorasi area dan provisi lain-lain
Liabilities
1,238,787
8,459,834
12,605,626
17,250,083
68,589,279
224,318,693
35,533,125
259,851,818
23,587
259,828,231
Acqusition of a Subsidiary,
net of cash acquired
Imbalan pembelian KIP tersebut termasuk akuisisi atas utang KIP kepada Kuwait
Foreign
Petroleum
Exploration
Company
K.S.C.
(Closed)
sebesar
USD185.574.992.
58
17
Sehubungan dengan penyesuaian yang dilakukan atas nilai wajar aset bersih
teridentifikasi yang mempengaruhi jumlah goodwill dari akuisisi tersebut, Kelompok
Usaha evaluasi ulang atas pengujian penurunan nilai yang dilakukan pada tanggal
31 Desember 2013. Goodwill sebesar USD35 juta dialokasikan sepenuhnya
kepada properti minyak dan gas dari SIP. Unit Penghasil Kas (UPK) SIP
merupakan bagian dari segmen minyak dan gas yang dilaporkan. Nilai yang dapat
dipulihkan atas UPK SIP sebesar USD226 juta pada tanggal 31 Desember 2013
ditentukan berdasarkan nilai pakai yang dihitung berdasarkan proyeksi arus kas
yang didasarkan pada anggaran/prakiraan keuangan yang disetujui oleh
manajemen senior mencakup periode 5 tahun. Tingkat diskonto sebelum pajak
yang digunakan dalam proyeksi arus kas adalah 8,3% dan arus kas melebihi
periode 5 tahun diekstrapolasi dengan menggunakan tingkat pertumbuhan 2%
yang merupakan tingkat pertumbuhan rata-rata jangka panjang dari industri minyak
dan gas.
In connection with adjusment made on the fair value of the identifiable net assets
which impact the balance of goodwill from the acquisition, the Group reassess
goodwill impairment test performed as of December 31, 2013. Goodwill of USD35
million is allocated entirely to oil and gas properties of SIP. The SIP CGU forms part of
the oil and gas reportable segment. The recoverable amount of the SIP oil and gas
CGU of USD226 million as of December 31, 2013 has been determined based on a
value-in-use calculation using cash flow projections from financial budgets approved
by senior management covering a five-year period. The pre-tax discount rate applied
to the cash flow projections is 8.3%, and cash flows beyond the five-year period are
extrapolated using a 2% growth rate that is the same as the long-term average growth
rate for the oil and gas sector.
Sebagai hasil dari analisa tersebut, manajemen menentukan bahwa goodwill dari
akuisisi SIP seluruhnya mengalami penurunan nilai dan nilai properti minyak dan
gas mengalami penurunan nilai sebesar USD23 juta (Catatan 16).
Pada bulan Januari 2014, SIP melakukan akuisisi atas 100% kepemilikan saham
pada Hess (Indonesia Pangkah) Limited (HIPL) HIPL adalah entitas non-publik
yang memiliki masing-masing sebesar 65% participating interest atas Ujung
Pangkah PSC.
In January 2014, SIP acquired 100% equity interests in Hess (Indonesia Pangkah)
Limited (HIPL). HIPL is a private company having 65% participating interest in Ujung
Pangkah PSC, respectively.
Nilai wajar dari aset dan liabilitas teridentifikasi Hess (Indonesia Pangkah) Limited
dan Hess Pangkah LLC pada tanggal akuisisi (10 Januari 2014) adalah:
The fair values of the identifiable assets and liabilities of Hess (Indonesia Pangkah)
Limited dan Hess Pangkah LLC as at the date of acquisition (January 10, 2014) were:
Assets
19,416,567
49,081,312
16,759,843
587,602,431
21,174,655
694,034,808
Liabilitas
Utang usaha
Utang lain-lain
Utang pajak
Liabilitas imbalan kerja jangka panjang
Liabilitas yang masih harus dibayar
Liabilitas pajak tangguhan-neto
Liabilitas pembongkaran aset dan
restorasi area dan provisi lain-lain
Liabilities
11,025,387
5,597,872
38,014,570
6,286,448
54,937,251
20,433,594
31,257,512
167,552,634
Trade payables
Other payables
Tax payables
Employee benefits liability
Accrued expenses
Deferred tax liability, net
Asset abandonment and restoration
obligations and other provisions
526,482,174
38,281,058
564,763,232
19,416,567
545,346,665
Acqusition of a Subsidiary,
net of cash acquired
Imbalan pembelian HIPL tersebut termasuk akuisisi atas utang HIPL kepada Hess
Oil and Gas Holding Inc. sebesar USD537.333.333 oleh SEI.
The purchase consideration including acquisition of HIPLS loan to Hess Oil and Gas
Holding Inc. amounting to USD537,333,333 by SEI.
Pada bulan Januari 2014, SIP melakukan akuisisi atas 100% kepemilikan saham
pada Hess Pangkah LLC (HPLLC). HPLLC adalah entitas non-publik yang memiliki
masing 10% participating interest atas Ujung Pangkah PSC.
In January 2014, SIP acquired 100% equity interests in Hess Pangkah LLC (HPLLC).
HPLLC is private company having 10% participating interest in Ujung Pangkah PSC.
Therefore, as of September 30, 2014, the Group has 100% participating interest in
Ujung Pangkah PSC.
59
17
The provisional fair values of the identifiable assets and liabilities of Hess Pangkah
LLC as at the date of acquisition (January 10, 2014) were:
Assets
950,648
4,390,062
2,652,939
122,180
90,400,374
98,516,203
Liabilitas
Utang usaha
Utang pajak
Liabilitas imbalan kerja jangka panjang
Liabilitas yang masih harus dibayar
Liabilitas pajak tangguhan-neto
Liabilitas pembongkaran aset dan
restorasi area dan provisi lain-lain
Liabilities
1,306,286
5,780,514
628,645
8,495,588
3,176,413
4,808,848
24,196,294
Trade payables
Tax payables
Employee benefits liability
Accrued expenses
Deferred tax liability-net
Asset abandonment and restoration
obligations and other provisions
74,319,909
15,181,091
89,501,000
950,648
88,550,352
Acqusition of a Subsidiary,
net of cash acquired
Imbalan pembelian HPLLC tersebut termasuk akuisisi atas utang HP kepada Hess
UK Limited (HUKL) sebesar USD60.076.021 oleh SEI.
60
18 UTANG USAHA
Entitas berelasi dengan Pemerintah
PT Pertamina EP
PT Pertamina Hulu Energi
PT Pertamina Gas
PT Nusantara Regas
Pihak ketiga
Santos Madura Offshore
Kangean Energy Indonesia Ltd.
Lapindo Brantas, Inc.
ConocoPhilips (Grissik) Ltd.
PT Medco E&P Indonesia
PT Gresik Migas
PT Sarana Indo Energi
PT Nugas Trans Energy
PT Sadikun Niagamas Raya
PT Wali Nusa Energi
PT Bayu Buana Gemilang
PT Niaga Gema Teknologi
PT Taruko Energy
PT Inti Daya Latu Prima
Premier Oil Natuna Sea B.V.
Sembcorp Gas Pte. Ltd
Gas Supply PTE. Ltd
PT T Energy
USD
894 dan Rp
pada tahun 2014
PT Petross
USD
394 dan Rp
pada tahun 2014 dan
USD
9,091 dan Rp
pada tahun 2013
PT Granary Global Energy
USD
48,371 dan Rp
pada tahun 2014 dan
USD
126,903 dan Rp
pada tahun 2013
PT Indogas Dwi Kriyaguna
Total
146,100,928
158,320,476
158,320,476
23,547,146
3,747,008
1,229,201
-
15,545,068
3,560,046
3,054,299
15,690,534
72,661,777
4,141,879
1,649,524
15,690,534
9,698,810
1,760,695
340,457
82,303,000
153,558
1,269,166
1,006,696
3,674,484
3,324,128
2,508,754
811,260
1,635,900
1,155,849
3,262,311
924,695
549,158
11,744,482
1,760,695
499,360
15,841,539
20,032,059
162,990
1,013,524
-
11,744,484
1,760,695
499,360
15,841,538
20,032,059
162,990
2,210,446
1,024,811
1,969,420
1,895,866
1,284,623
1,013,524
1,731,660
237,305
-
18
TRADE PAYABLES
Government-related entities
PT Pertamina EP
PT Pertamina Hulu Energi
PT Pertamina Gas
PT Nusantara Regas
Third parties
Santos Madura Offshore
Kangean Energy Indonesia Ltd.
Lapindo Brantas, Inc.
ConocoPhilips (Grissik) Ltd.
PT Medco E&P Indonesia
PT Gresik Migas
PT Sarana Indo Energi
PT Nugas Trans Energy
PT Sadikun Niagamas Raya
PT Wali Nusa Energi
PT Bayu Buana Gemilang
PT Niaga Gema Teknologi
PT Taruko Energy
PT Inti Daya Latu Prima
Premier Oil Natuna Sea B.V.
Sembcorp Gas Pte. Ltd
Gas Supply PTE. Ltd
PT T Energy
4,955,684
USD
1,299
894
Rp
4,955,684
394
Rp
9,091
Rp
48,371
Rp
98,811,105
126,903
Rp
258,804,330
in 2014
PT Petross
-
USD
in 2014 and
50,871,099
USD
394
50,871,099
in 2013 and
13,264
USD
in 2014 and
258,804,330
USD
56,462
3,140,497
146,100,928
73,214,065
in 2013
148,135
2,606,582
158,320,476
Utang usaha tidak dikenakan bunga dan umumnya dibayar antara 10 sampai 30
hari sejak tanggal invoice diterima.
Trade payables are non-interest bearing and are normally settled within 10 to 30 days
since invoice were received.
Utang usaha atas pembelian gas bumi ke Pertamina telah diperhitungkan piutang
usaha atas penjualan gas ke Stasiun Pengisian Bahan Bakar (SPBG) milik
Pertamina di Jakarta dan piutang atas transportasi gas ke pelanggan tertentu
Pertamina sejumlah USD40.691 dan USD15.439 masing-masing pada tanggal 30
September 2014 dan 31 Desember 2013 (Catatan 40.1.).
The outstanding payable to Pertamina for the gas purchases has been calculated by
the trade receivables totaling USD40,691 and USD15,439 as of September 30, 2014
and December 31, 2013, respectively, relating to the sale of gas to Pertaminas fuel
gas filling stations (SPBG) in Jakarta and gas transmission to certain Pertaminas
customers (Note 40.1.).
300,000,000
19
200,000,000
100,000,000
300,000,000
Based on the Loan Agreement No. 363/MA/MZH/0414 dated April 14, 2014, BMI
agreed to provide short-term loan to the Company amounting to USD100,000,000 to
support general corporate purposes. The term of the credit facility is valid for 12
months since April 14, 2014 and subject to three months BBA LIBOR interest rate plus
margin of 1.25% per annum and upfront fee of 0.20%. In July 2014, the Company has
fully repaid this loan.
Based on the Loan Agreement No. 13-0931LN dated December 27, 2013, BTMU
agreed to provide short-term loan to the Company amounting to USD200,000,000 to
support general corporate purposes. The term of the credit facility is valid for 12
months since December 27, 2013 and subject to three months BBA LIBOR interest
rate plus margin of 1.25% per annum and upfront fee of 0.20%. In June 2014, the
Company has fully repaid this loan.
61
19
Based on the Loan Agreement No. BSMI/NS/0298 dated December 24, 2013, BSMI
agreed to provide short-term loan to the Company amounting to USD100,000,000 to
support general corporate purposes. The term of the credit facility is valid for 12
months since December 24, 2013 and subject to three months BBA LIBOR interest
rate plus margin of 1.25% per annum and upfront fee and commitment fee of 0.20%.
In June 2014, the Company has fully repaid this loan.
The loan agreements include general covenants which are so long as the loan or any
other amount payable hereunder is outstanding, the Company shall not without prior
written approval of the Banks, change the structure of the Company or legal status of
the Company, enter into any transaction with any party other than on an arms length
basis, recognize or consolidate with or merge into any other company which lease,
assign, transfer or otherwise dispose of all assets, except for the ordinary course of its
business, create, any security right on its immovables, or encumber its assets or sell,
lease or otherwise dispose of its assets by one or more transactions or a series of
independent or interrelated transactions other than arms length basis or full
consideration in the ordinary course of business.
As long as the loans remain outstanding, the Company is required by all the banks to
comply with the financial covenants ratio as follows:
a Perbandingan antara utang kotor dan ekuitas tidak lebih dari 70:30;
20 UTANG LAIN-LAIN
107,743,782
57,609,234
71,604,128
20
OTHER PAYABLES
This amount represents other payables balance is
consist of:
dan
dan
25,074,834
179,353
1,904,578
568,027
16,117,913
159,662
1,902,108
591,852
23,678,534
16,077,556
159,662
1,902,108
591,852
10,018,741
in 2014 and
USD
13,921,452
12,261,992
12,261,992
8,873,261
Rp 47,659,906,772
USD
4,626,781
Rp 41,305,241,917
in 2013
Purchase of goods and services
USD
137,217
in 2014 and
USD
918,174
1,383,063
1,383,063
1,638,406
44,204,824
1,554,468
33,971,057
1,554,467
57,609,234
227,290
Rp
9,537,054,444
USD
379,349
Rp 14,087,711,604
in 2013
Others
63,538,958
13,994,894
107,743,782
Rp
Rp
19,919,953,499
18,947,412,384
in 2014 and
in 2013
Total
Long-term portion:
Tax payable on First Tranche Petroleum (FTP)
71,604,128
Utang jaminan gas merupakan uang jaminan gas yang diterima oleh Perusahaan
dari pelanggan dalam rangka transaksi penjualan gas.
Gas guarantee deposits payable represents gas deposits received by the Company
from the customers in relation to the gas sales transactions.
Utang cash call merupakan utang kepada operator yang berkaitan dengan
kegiatan operasional di blok Ujung Pangkah dan Ketapang.
Cash call payables represent payables to operator related with operational activities in
Ujung Pangkah and Ketapang blocks.
Liabilitas pajak atas First Tranche Petroleum (FTP) merupakan bagian kurang
bayar pajak penghasilan badan dan pajak dividen untuk FTP atas bagian SIP untuk
tahun pajak 2007 sampai 2013. SIP akan membayar pajak tersebut jika terdapat
Equity to Be Split dari penjualan minyak dan gas.
Tax payable on First Tranche Petroleum (FTP) is part of underpayment of income tax
and dividend tax on FTP from SIP for fiscal years 2007 until 2013. SIP will pay the tax
if there is Equity to Be Split from the sale of oil and gas.
62
20
Utang lain-lain pembelian barang dan jasa terkait utang kepada pemasok terkait
dengan pembelian barang dan jasa.
Other payables purchase of goods and services related to payables to suppliers for
purchase of goods and services.
Utang lancar Iainnya kepada PT Riau Andalan Pulp and Paper (RAPP) terkait
dengan Perjanjian Jual Beli Gas. Berdasarkan perjanjian ini, RAPP bersedia
menyediakan fasilitas-fasilitas seperti jaringan pipa gas, metering station dan
fasilitas Iainnya yang kemudian akan dikompensasi dengan pemakaian gas RAPP.
Other payables to PT Riau Andalan Pulp and Paper (RAPP) is related to Gas Sales
and Purchase Agreement (GSPA). Based on this agreement, RAPP agreed to build
facilities such as gas pipeline, metering station and other facilities and those will be
compensated by RAPPs usage of gas.
The liability to ConocoPhillips (Grissik) Ltd. Represent liability for the usage of gas in
order to operate the Transgasindo's compressor
21
136,272,941
216,080,449
216,080,450
234,572,151,900
434,196,999,957
19,208,332
19,208,332
34,038,617
35,622,036
35,622,036
Rp
Rp
234,572,151,900
434,196,999,957
Sub total
Accrued liabilities
dan
21,930,804
131,521,059
160,192,466
USD
136,985,504
Rp 282,040,616,393
JPY
USD
JPY
USD
JPY
Interests
USD
27,291,034
59,103,415
3,502,111
3,342,068
9,712,549
3,342,068
9,712,549
1,090,291
959,463
811,925
1,400,581
811,925
1,400,581
1,073,673
1,422,992
1,422,992
2,113,818
117,064,609
136,272,941
7,244,826
3,575,833
180,458,414
216,080,450
189,507,217
Rp
Rp
Rp
Rp
Rp
Rp
Employees bonus as of September 30, 2014 and December 31, 2013 represent
bonus accrual for employees
amounting to Rp198,540,707,081 and
Rp328,279,686,300, respectively for the Company and Rp32,242,785,934 and
Rp32,439,905,879, respectively, for the Subsidiaries.
Accrued liabilities
Liabilitas atas aktivitas minyak dan gas merupakan liabilitas yang berkaitan
dengan aktivitas eksplorasi dan produksi minyak dan gas
b.
1,521,017
17,849,604
191,071,659
in 2013
26,863,110
in 2014 and
86,000
in 2013
Liabilities for oil and gas activities represent liabilities relating to oil and gas
exploration and production activities.
Bunga
b. Interests
As of September 30, 2014 and December 31, 2013, accrued interest consists of
interest from loan amounting to USD1,191,961 and USD3,193,641, respectively (Note
23). Interest from bonds amounting USD25.753.125 (Catatan 24).
Bunga yang masih harus dibayar juga mencakup biaya bunga pinjaman
bank yang diperoleh Transgasindo masing-masing sebesar USD81.290 dan
USD148.427 pada tanggal 30 September 2014 dan 31 Desember 2013.
The accrued interest also includes the interest from Transgasindos bank loan
amounting to USD81,290 and USD148,427, respectively as of September 30, 2014
and December 31, 2013.
63
21
d.
On January 30, 2006, the Government issued Government Regulation No. 1/2006
which requires companies engaged in gas distribution and transportation to pay
contribution charges to Regulatory Body (BPH Migas) at the amount of 0.3% from
volume of natural gas sales distributed times distribution tariff and 3% from volume of
gas transported times transportation tariff.
On January 8, 2013, BPH Migas issued a decree which stated that the Transgasindos
levy estimation for year 2013 amounted to Rp40 billion (equivalent to USD4.03
million).
Beban Pemeliharaan
d. Maintenance expense
22 UTANG PAJAK
22,481,191
Payables for maintenance expense represent liabilities incurred from the Companys
maintenance of fixed assets activities.
40,140,964
40,140,967
22
TAXES PAYABLE
This amount represents taxes payable is consist of:
Pajak penghasilan
Pasal 21
Rp
Rp
Income taxes
Article 21
7,332,665,708
6,236,318,524
8,409,382,046
9,656,222,945
16,429,409,477
21,363,099,606
600,448
511,635
511,635
Rp
Rp
7,332,665,708
6,236,318,524
in 2014 and
in 2013
792,196
Rp
Rp
8,409,382,046
9,656,222,945
in 2014 and
in 2013
Rp
Rp
16,429,409,477
21,363,099,606
in 2014 and
in 2013
Article 22
Pasal 22
Rp
Rp
688,616
Article 23
Pasal 23
Rp
Rp
Pasal 25
Pasal 29
USD
Rp
USD
Rp
4,072,741
31,645,104,313
8,153,404
76,401,395,529
1,345,350
9,041,394
1,752,654
18,382,882
1,752,654
18,382,882
Article 25
Article 29
6,664,053
14,421,465
14,421,465
4,141,330
4,280,120
4,280,135
22,481,191
39,348,756
40,140,967
508,953,704
611,976,149
611,976,149
USD
Rp
USD
Rp
4,072,741
31,645,104,313
8,153,404
76,401,395,529
Rp
Rp
50,573,934,484
52,170,565,515
in 2014 and
in 2013
50,573,934,484
52,170,565,515
Value-Added Tax
23
LONG-TERM LOANS
56,250,000
75,000,000
75,000,000
Government-related entities
PT Bank Negara Indonesia (Persero) Tbk (No.
058/KPI/PK/2007)
7,071,659
10,607,489
10,607,489
422,390,353
443,609,163
458,774,479
28,504,041
35,124,961
35,124,961
51,241,054
54,798,760
54,797,952
Pihak ketiga
The Hongkong and Shanghai Banking Corporation Ltd.
52,474,530
91,651,871
91,651,870
617,931,637
710,792,244
725,956,751
(108,977,933)
508,953,704
(113,980,603)
596,811,641
(113,980,602)
611,976,149
Total
Total
in 2014 and
in 2013
7,614,345
in 2014 and
USD
64
11,421,517
JPY 45,346,863,000
USD
26,650,207
JPY 46,937,981,000
in 2013
European Investment Bank (SLA-877/DP3/1996 dan
SLA-1139/DP3/2000)
International Bank for Reconstruction and
Development
(SLA-1201/DP3/2006
dan
SLA1166/DP3/2004
Third parties
The Hongkong and Shanghai Banking Corporation Ltd.
Total
Less current portion of long-term loans
Long-term portion - Net
23
Based on the Loan Agreement No. 1357-IND dated June 26, 1995, ADB agreed to
lend the Government of the Republic of Indonesia (Government) an aggregate amount
equivalent to USD218,000,000 to assist the Government in financing the Gas
Transmission and Distribution Project (the Project) in Central Sumatera and Batam
Island (Note 40.5).
On October 31, 1995, the Company and the Government entered into the related
Subsidiary Loan Agreement No. SLA-832/DP3/1995, which provides for the
Governments relending of the ADB loan proceeds of USD218,000,000 to the
Company. The Company will undertake the Project in accordance with the Project
Agreement with ADB dated June 26, 1995.
The loan is subject to the interest rate of the ADB loan to the Government plus a
Government fee of 0.50% (including a 0.15% banking fee) per year and a commitment
fee at the rate of 0.75% per year calculated on the amount of loan not yet drawn,
payable on May 15 and November 15 of each year. The ADBs annual interest rate of
the loan ranged is 1.03% per for period ended September 30, 2014 and 2013,
respectively. The principal amount of the loan is repayable in 32 equal semi-annual
installments on May 15 and November 15 of each year, with the first installment due
on November 15, 1999 and the last payment due on May 15, 2015.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to USD3,535,829.
Di dalam Perjanjian Proyek tanggal 26 Juni 1995 antara Perusahaan dan ADB,
Perusahaan diharuskan meminta izin terlebih dahulu dari ADB dalam hal
pinjaman yang diperoleh setelah tanggal perjanjian, selain yang dipergunakan
untuk membiayai proyek, yang akan mengakibatkan perkiraan kemampuan
membayar utang kurang dari 1,3:1 dan rasio utang terhadap ekuitas (debt to
equity ratio ) lebih dari 70:30.
As stipulated under the Project Agreement dated June 26, 1995 between the
Company and ADB, the Company must obtain prior consent from ADB for any loans
obtained after the date of the agreement, except for loans obtained to finance the
project, which will cause the Companys debt service ratio to be 1.3:1 or less or the
debt to equity ratio to exceed 70:30.
Based on the Loan Agreement No. FI No 1.8070 dated July 20, 1995 among EIB, the
Government of the Republic of Indonesia and the Company, EIB agreed to lend to the
Government an aggregate amount equivalent to ECUS46,000,000 to assist the
Government in financing the Gas Transmission and Distribution Project in Central
Sumatera and Batam Island (Note 40.5).
On March 1, 1996, the Company and the Government entered into the related
Subsidiary Loan Agreement No. SLA-877/DP3/1996, which provides for the
Governments relending of the EIB loan proceeds of ECUS46,000,000 or its equivalent
to the Company, which will undertake the Project. The loan is subject to the interest
rate of the EIB loan to the Government plus a Government fee of 0.50% (including
0.15% banking fee) per year, payable on January 15 and July 15 of each year. The
EIBs annual interest rates of the loan ranged from 4.35% to 7.41% for period ended
September 30, 2014 and 2013. The principal amount of the loan is repayable in 32
equal semi-annual installments on January 15 and July 15 of each year, with the first
installment due on January 15, 1999 and the last payment due on July 15, 2014.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to USD4.245.583.
Under the loan agreement, the Company undertakes, among other things, that it shall
maintain certain financial covenants each year commencing in 1999 such as a debt
service ratio of 1.3:1 or more and a debt to equity ratio of at least 70:30.
Any overdue repayments of installments, interest and commitment charges will bear a
penalty at the rate of 2% above the interest rate per annum.
On September 15, 2000, the Company and the Government entered into a Subsidiary
Loan Agreement No. SLA-1139/DP3/2000, which provides for the Governments
relending of the EIB loan proceeds not exceeding EUROS70,000,000 to the Company
as part of the financing of the Gas Transmission and Distribution Project Phase II.
65
23
The loan is subject to the interest rate of the EIB loan to the Government plus a
Government fee of 0.50% (including 0.15% banking fee) per annum, payable on June
15 and December 15 of each year.
Tingkat bunga pinjaman EIB adalah berkisar antara 4,95% sampai dengan
5,30% per tahun untuk periode yang berakhir pada tanggal 30 September 2014
dan 2013. Jumlah pokok pinjaman harus dibayar dalam 32 kali angsuran
tengah tahunan pada tanggal 15 Juni dan 15 Desember setiap tahun, dengan
angsuran pertama yang jatuh tempo pada tanggal 15 Desember 2004 dan
pembayaran terakhir akan jatuh tempo pada 15 Juni 2020.
The EIBs annual interest rates of the loan ranged from 4.95% to 5.30% for period
ended September 30, 2014 and 2013. The principal amount of the loan is repayable in
32 equal semi-annual installments on June 15 and December 15 of each year, with
the first installment due on December 15, 2004 and the last payment due on June 15,
2020.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to USD2,375,337.
Under the loan agreement, the Company undertakes among other things, that it shall
maintain certain financial covenants each year such as debt to equity ratio of at least
2:1.
Based on the Loan Agreement dated October 23, 1995, JBIC agreed to lend to the
Government of the Republic of Indonesia an aggregate amount equivalent to
USD195,000,000 to assist the Government in financing the Gas Transmission and
Distribution Project in Central Sumatera and Batam Island (Note 40.5).
On March 12, 1996, the Company and the Government entered into the related
Subsidiary Loan Agreement No. SLA-879/DP3/1996, which provides for the
Governments relending of the JBIC loan proceeds of USD195,000,000 to the
Company, which shall undertake the project. The loan is subject to the interest rate of
the JBIC loan to the Government plus a Government fee of 0.50% (including a 0.15%
banking fee) per year, payable on May 15 and November 15 of each year. The JBICs
annual interest rate of the loan is 0.67% for period ended September 30, 2014 and
2013, respectively. The principal amount of the loan is repayable in 32 equal semiannual installments on May 15 and November 15 of each year, with the first
installment due on November 15, 1999 and the last payment due on May 15, 2015.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to USD3,807,172.
On March 27, 2003, JBIC agreed to provide a loan to the Government of the Republic
of Indonesia (the Government) based on Loan Agreement No. IP-511 for a total
aggregate amount equivalent to JPY49,088,000,000 to assist the Government in
financing the development of a gas transmission pipeline from South Sumatera to
West Java and a distribution pipeline in West Java. On May 28, 2003, the Company
and the Government entered into a Subsidiary Loan Agreement No. SLA1156/DP3/2003, which provides for the Governments relending of the JBIC loan
proceeds not exceeding JPY49,088,000,000 to the Company.
Pinjaman ini dikenakan tingkat bunga atas pinjaman JBIC kepada Pemerintah
ditambah 0,50% untuk jasa bunga bagian Pemerintah (termasuk beban bank
sebesar 0,15%) per tahun, yang harus dibayar pada tanggal 20 April dan 20
Oktober sebelum seluruh pinjaman ditarik dan pada tanggal 20 Maret dan 20
September setelahnya. Tingkat bunga tahunan pinjaman JBIC berkisar antara
0,75% sampai 0,95% untuk periode yang berakhir pada tanggal 30 September
2014 dan 2013.
This loan is subject to the interest rate of the JBIC loan to the Government plus a
Government fee of 0.50% (including a 0.15% banking fee) per annum, payable on
April 20 and October 20 prior to the withdrawal of all facilities amount and on March 20
and September 20 afterwards. The JBICs annual interest rate of the loan is ranging
from 0.75% to 0.95% for period ended September 30, 2014 and 2013.
Jumlah pokok pinjaman harus dibayar dalam 60 kali angsuran tengah tahunan
pada tanggal 20 Maret dan 20 September setiap tahun, dengan angsuran
pertama akan jatuh tempo pada tanggal 20 Maret 2013 dan pembayaran
terakhir akan jatuh tempo pada 20 Maret 2043.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to JPY1,591,118,000
66
23
Based on the Loan Agreement No. 4712-IND dated October 1, 2003, the International
Bank for Reconstruction and Development agreed to lend to the Government of the
Republic of Indonesia (Government) the amount of USD141,000,000 to finance a
project to be carried out by the Company and PT Perusahaan Listrik Negara (Persero)
(PLN). The Government will relend the loan proceeds to the Company and PLN
through two-step loan. The project to be carried out by the Company relates to
preparation of a rationalized gas pricing policy, corporate restructuring of the
Company, preparation for an initial public offering for the Companys distribution
activities and preparation for the involvement of a strategic partner in the Companys
gas transmission operations.
On May 13, 2004, the Company and the Government entered into the related
Subsidiary Loan Agreement No. SLA-1166/DP3/2004, which provides for the
Governments relending of a portion of the IBRD loan proceeds of USD2,487,672 to
the Company, which shall undertake the project. The loan is subject to the interest rate
of the IBRD loan to the Government plus a Government fee of 0.50% (including a
0.15% banking fee) per annum, payable on June 15 and December 15 of each year.
Pada tanggal 20 Juli 2010, Perusahaan mendapatkan Surat dari Bank Dunia
No. JA-356/JAVA-BALI/VII/2010, yang menyatakan bahwa saldo sebesar
USD3.572.934 tidak dapat ditarik lagi oleh Perusahaan, sehingga total fasilitas
yang diperoleh Perusahaan sebesar USD2.487.672.
On July 20, 2010, the Company obtained a Letter from World Bank No. JA-356/JAVABALI/VII/2010, stating that the amount of USD3,572,934 could not be drawndown
anymore by the Company, therefore the total loan facility obtained by the Company
amounted to USD2,487,672.
On February 7, 2011, the Company obtained a letter from the Ministry of Finance of
the Republic of Indonesia No.S-1076/MK-05/2011 related to the approval of changes
of SLA 1166/DP3/2004 dated May 13, 2004 with the number of loan amounting to
USD2,487,672.
The Company must pay 0.75% commitment fee per annum on the total subsidiary loan
that is not yet drawn to the Government. The principal amount of the loan is repayable
in 30 equal semi-annual installments every June 15 and December 15 of each year,
with the first installment due on December 15, 2008 and the last payment due on June
15, 2023. Annual interest rate for period ended September 30, 2014 and 2013 are
5.04% and 5.04%, respectively.
On September 30, 2011, the Company obtained a letter from the Ministry of Finance of
the Republic of Indonesia No. S-1607/PB-4/2011 related to amendment of loan
agreement No. AMA-428/SLA-1166/DSMI/2011, dated September 29, 2011, regarding
the changes of last payment due on June 15, 2015.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to USD195,358.
Based on the Loan Agreement No. 4810-IND dated February 7, 2006, IBRD agreed to
lend to the Government of the Republic of Indonesia (Government) the amount equals
to USD69,381,312 to assist the Government in financing the Domestic Gas Market
Development Project (Note 40.5).
On April 3, 2006, the Company and the Government entered into the related
Subsidiary Loan Agreement No. SLA-1201/DP3/2006, which provides for the
Governments relending of the IBRD loan proceeds of USD69,381,312 to the
Company, which shall undertake the Project. The loan is subject to the interest rate of
the IBRD loan to the Government plus a Government fee of 1% (including 0.15%
banking fee) per annum, payable on February 15 and August 15 of each year. The
IBRD annual interest rate is ranging from 1.83% to 5.48%and 1.89% to 5.48% for
period ended September 30, 2014 and 2013, respectively.
Pada tanggal 11 Juli 2011, Perusahaan mendapatkan Surat Persetujuan No. S686/PU.2/ 2011 dari Direktorat Jenderal Pinjaman dan Hibah, Kementrian
Keuangan Republik Indonesia, mengenai persetujuan pembatalan sisa
pinjaman IBRD SLA 1201 sebesar USD10.618.688, terhitung mulai pada
tanggal 21 Desember 2010.
On July 11, 2011, the Company obtained an Approval Letter No. S-686/PU.2/2011
from Directorate General of Loans and Grants, Ministry of Finance of the Republic of
Indonesia, regarding the approval for the cancellation of the remaining IBRD SLA
1201 loan amounting to USD10,618,688, starting on December 21, 2010.
On December 30, 2011, the Company obtained a letter from Ministry of Finance of the
Republic of Indonesia No. S-12051/MK.5/2011, regarding the changes of a Subsidiary
Loan Agreement No. SLA-1201/DP3/2006, dated April 3, 2006, between the
Government with the Company, with the changes as follows:
67
23
b Tingkat bunga, yang dari semula LIBOR Base Rate + LIBOR Total Spread +
1% menjadi tingkat bunga IBRD + 1%;
The interest rate, from LIBOR Base Rate + LIBOR Total Spread + 1% to become
IBRD interest rate + 1%;
c Tanggal terakhir penarikan pinjaman (closing date) yang dari semula pada
tanggal 31 Maret 2011 menjadi 31 Maret 2014.
The date of the last drawdown (closing date), from March 31, 2011 to March 31, 2014.
The Company must pay 0.75% to the Government commitment fee per annum on the
total subsidiary loan that is not yet drawn. The principal amount of the loan is
repayable in 30 equal semi-annual installments every February 15 and August 15 of
each year, with the first installment due on August 15, 2011 and the last payment due
on February 15, 2026.
Pada tanggal 10 September 2014, Perusahaan memperoleh surat No. S5792/MK.5/2014 dari Direktur Jenderal Perbendaharaan perihal perubahan
terhadap perjanjian penerusan pinjaman yang mengatur tentang perubahan
plafon penerusan pinjaman dari semula USD69.381.312 menjadi
USD61.765.082 serta penghentian perhitungan biaya komitmen sejak tanggal 1
Februari 2013.
On September 10, 2014, the Company obtained a letter No. S-5792 / MK.5 / 2014
from the Director General of Treasury regarding changes to the subsidiary loan
agreement governing the subsidiary loan limit changes from its original
USD69,381,312 be USD61,765,082 termination fee calculation and commitment from
the date of February 1, 2013.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to USD3,361,540.
Pada tanggal 14 November 2013, Perusahaan mendapatkan Surat No. 5786/PU/2013 dari Direktorat Jenderal Pengelolaan Utang, Kementrian
Keuangan Republik Indonesia, mengenai persetujuan pembatalan sisa
pinjaman IBRD SLA 1201 sebesar USD7.616.230 terhitung mulai pada tanggal
1 Februari 2013.
Based on the Loan Agreement No. 058/KPI/ PK/2007 dated September 17, 2007, BNI
agreed to provide loan to the Company at an aggregate amount equivalent to
USD150,000,000 to finance the South Sumatera-West Java Pipeline Gas
Transmission Project (SSWJ Project) and West Java Pipeline Distribution.
Based on this loan agreement, the term of the credit facility is valid for ten years since
September 17, 2007 until September 16, 2017, including two years grace period. The
loan is payable in 16 semi-annual installments starting from March 16, 2010. This loan
is subject to the three months SIBOR interest rate plus 1.75% per annum, payable not
more than the 25th every month.
During the nine-month period ended September 30, 2014, the Company has already
paid installments amounting to USD18,750,000.
The loan agreement includes negative covenants, relating to, among others, create
any liens on any property to other debtors, conducting merger, change the legal
status, provide the loan to other parties, conducting the investment more than 15%
from net shareholder equity, obtain the loan and lease without obtaining the BNIs
written approval.
On August 30, 2010, Transgasindo signed a term loan facility agreement with
syndication of The Hongkong and Shanghai Banking Corporation Limited, Jakarta
(HSBC) for USD250,000,000. This facility will be utilized by Transgasindo to refinance
existing shareholder loans for general corporate purposes. This facility valid for 5
years with 19 equal quarterly installments commencing 6 months after the first
drawdown date (grace period). The loan bears interest at the rate of three months
BBA LIBOR + margin of 1.99% per annum.
Pada tanggal 3 September 2010, fasilitas tersebut telah ditarik seluruhnya dan
dikenakan tingkat bunga per tahun berkisar antara 2,24%-2,52%.
On September 3, 2010, the facility had been fully drawn down and bears interest rate
is ranging from 2.24%-2.52% per annum.
During the nine-month period ended September 30, 2014, Transgasindo has already
paid in quarterly installments amounting USD39,473,684 on March 5, June 5 and
September 5, 2014.
The average annual interest rate for this loan is 2.23% and 2.26% for the nine-month
periods ended September 30, 2014 and 2013.
68
23
During the period of the outstanding loan, Transgasindo is required to comply with all
covenants or restrictions including certain financial ratios as follows:
(i)
(ii) rasio utang neto terhadap ekuitas tidak lebih besar dari 2,33x
(ii)
the net debt to shareholders equity ratio to be not greater than 2.33x;
(iii) rasio utang neto terhadap EBITDA tidak lebih besar dari 3,5x.
(iii)
24 UTANG OBLIGASI
Akun ini terdiri dari:
Senior Unsecured Fixed Rate Notes
Penerbitan tahun 2014
Jumlah
Diskonto
Biaya penerbitan
Amortisasi diskonto dan biaya penerbitan
Jumlah Utang Obligasi - Bersih
1,331,883,856
24 BONDS PAYABLES
The amount is consist of:
Senior Unsecured Fixed Rate Notes
Issued in 2014
1,350,000,000
1,350,000,000
(13,000,500)
(5,647,210)
531,566
1,331,883,856
Current portion
1,331,883,856
Total
Discount
Issuance cost
Amortization of discount and issuance
cost
Total Bonds Payable - Net
On May 12, 2014, the Company issued USD1,350,000,000 Senior Unsecured Fixed
Rate Notes, which will be due on May 24, 2024, with issue price of 99.037%. The
trustee of these bonds is The Bank of New York Mellon. These bonds bear interest at
rate of 5,125% per annum payable semi annualy in arrears on May 16 and November
16, starting November 16, 2014. These bonds, which were listed at the Singapore
Exchange Securities Trading Limited, are irrevocably and unconditionally guaranteed
by the Company. The net proceeds, which amounted to USD1,331,334,459 were
received by the Company on May 16, 2014 and were used for financing of addtional
working capital and other general corporate purposes. Based on Moodys Investors
Services, Standard & Poor (S&P) and Fitch Rating, the bonds are rated at Baa3, BB+
and BBB-, respectively.
The Company is not required to make sinking fund payment with respect to these
bonds.
25 MODAL SAHAM
344,018,831
344,018,831
25 CAPITAL STOCK
The details of the shareholders based on the report
prepared by PT Datindo Entrycom, a Securities
Administration Agency, as of September 30, 2014, are
as follows:
0
195,968,391
0.00
56.97
148,021,765
43.03
3. Manajemen
Djoko Saputro (Direksi) Saham seri B 30.000 saham
Hendi Kusnadi (Direksi) Saham seri B 140.500 saham
Ditempatkan dan disetor penuh
426
1,994
343,992,576
0.00
0.00
100
3. Management
Djoko Saputro (Director) Series B 30,000 shares
Hendi Kusnadi (Director) Series B 140,500 shares
Issued and fully paid
26,255
344,018,831
Treasury stock*)
Series B 1,850,000 Shares
Outstanding shares
69
Series A Dwiwarna share represents share which provides the holder rights to
propose directors and commissioners, attend and approve the appointment and
dismissal of commissioners and directors, change in Articles of Association including
changes in capital, closure and liquidation, merger and acquisition of the Company.
The Company has listed its shares at the Indonesia Stock Exchange totaling to
24,241,508,196 shares as of September 30, 2014.
26
Approved the use of profit for the year that are attributable to Owner of the Parent
Entity for the financial year of 2013 in the amount of USD860,533,234 to be utilized as
follows:
To give authority to the Board of Directors to prepare and publish the cash dividends
distribution procedures with consideration of the prevailing laws and regulations.
Kepada Direksi diberikan wewenang untuk mengatur lebih lanjut tata cara
pembagian dividen tersebut dan mengumumkannya dengan memperhatikan
peraturan dan perundangan yang berlaku.
Based on the Minutes of the Companys Annual General Shareholders Meeting held
on April 17, 2013 which were notarized with Notarial Deed No. 56 of Notary Fathiah
Helmi, S.H., dated April 17, 2013, the shareholders ratified the following decisions, as
follows:
Approved the use of profit for the year that are attributable to Owner of the Parent
Entity for the financial year of 2012 in the amount of USD890,885,456 to be utilized as
follows:
b Sisa Laba Tahun Berjalan yang Dapat Diatribusikan Kepada Pemilik Entitas
Induk setelah dikurangi dengan pembayaran dividen pada poin 1 di atas akan
dicatat sebagai Cadangan Tujuan untuk mendukung kegiatan operasional dan
pengembangan Perseroan.
The remaining Profit for the Year that are attributable to Owner of the Parent Entity
after being reduced with the dividend payment as stated in point 1 above will be
recorded as a Specific Reserve to support the operation and development of the
Company.
Stipulated to not allocate the profit for the year that are attributable to owner of the
parent Entity for the financial year of 2012 as the source of fund for Partnership and
Community Development Program. The Company will expend the activity of Social
and Environment Responsibility (CSR) for the financial year of 2013 according to the
needs and ability of the Company.
Kepada Direksi diberikan wewenang untuk mengatur lebih lanjut tata cara
pembagian dividen tersebut dan mengumumkannya dengan memperhatikan
peraturan dan perundangan yang berlaku.
To give authority to the Board of Directors to prepare and publish the cash dividends
distribution procedures with consideration of the prevailing laws and regulations.
70
(equivalent
to
30 September 2014/
September 30, 2014
(Tidak Diaudit/
Unaudited)
27 PENDAPATAN NETO
30 September 2013/
September 30, 2013
(Tidak Diaudit/
Unaudited)
2,513,556,993
2,201,018,368
Distribusi gas
Transmisi gas
Penjualan minyak dan gas neto
Sewa fiber optik
lain-lain
Total
2,136,632,653
143,107,370
219,358,588
5,776,938
8,681,444
2,513,556,993
2,032,235,322
140,777,598
17,319,568
8,005,560
2,680,320
2,201,018,368
27 NET REVENUES
This amount represents revenues from natural gas
distribution, natural gas transportation, exploration and
production of oil and gas, fibre optic rental and others
with detail as follow :
Gas distribution
Gas transmission
Net oil and gas sales
Fibre optic rental
Others
Total
Gas distribution consists of natural gas revenue to:
2,091,633,818
41,666,886
3,331,949
2,136,632,653
1,967,320,353
59,518,848
1,643,253
3,752,868
2,032,235,322
Industrial
Commercial
Fuel gas filling stations (SPBG)
Households
Total
Penjualan minyak dan gas merupakan pendapatan atas penjualan minyak dan gas
Kelompok Usaha dari aktivitas eksplorasi dan produksi yang berkaitan dengan
kontrak kerjasama dimana Kelompok Usaha merupakan operator.
Net oil and gas sales represents Groups sales of oil and gas from exploration and
production activities related to certain group operated joint venture.
Pendapatan neto dari pelanggan yang melebihi 10% dari jumlah pendapatan neto
konsolidasian adalah pendapatan dari PT PLN (Persero), entitas berelasi dengan
Pemerintah, masing-masing sebesar USD493.703.276 atau 19,64% dan
USD390.682.955 atau 17,75% dari jumlah pendapatan neto konsolidasian untuk
periode yang berakhir pada tanggal-tanggal 30 September 2014 dan 2013.
Net revenues from customer in excess of 10% of the total consolidated net revenues
are revenue from PT PLN (Persero), Government-related entity, which amounting to
USD493,703,276 or 19.64% and USD390,682,955 or 17.75% from total consolidated
net revenues for the period ended September 30, 2014 and 2013, respectively.
The Group enters sales transactions with the Government-related entities, totalling to
26.25% and 25.27% of its consolidated net revenues above for the period ended
September 30, 2014 and 2013, respectively.
1,411,296,205
1,157,186,813
Gas distribution
Distribusi gas
Pihak ketiga
Entitas berelasi dengan Pemerintah (Catatan 38)
Sub total
980,275,321
305,737,435
1,286,012,756
852,407,715
292,429,367
1,144,837,082
Total
Third parties
Government-related entities (Note 38)
Sub total
28 COST OF REVENUES
50,311,997
74,971,452
125,283,449
4,543,042
7,806,689
12,349,731
1,411,296,205
1,157,186,813
Pembelian neto dari pemasok yang melebihi 10% dari jumlah pendapatan neto
konsolidasi adalah pembelian dari Pertamina, entitas berelasi dengan Pemerintah,
dan ConocoPhillips masing-masing sebesar USD305.737.435 atau 12,16% dan
USD482.536.040 atau 19,20% dari total pendapatan neto konsolidasian untuk
periode yang berakhir 30 September 2014 dan pembelian dari Pertamina dan
ConocoPhillips masing masing sebesar USD292.429.367 atau 13,29% dan
USD563.857.620 atau 25,62% dari jumlah pendapatan neto konsolidasian untuk
periode yang berakhir 30 September 2013.
Net purchases from suppliers involving purchases in excess of 10% of the total
consolidated net revenues are for purchases from Pertamina, a Government-related
entity, and ConocoPhillips amounting to USD305,737,435 or 12.16% and
USD482,536,040 or 19.20% of total consolidated net revenues for the period ended
September 30, 2014, respectively, and purchases from Pertamina and ConocoPhillips
amounting to USD292,429,367 or 13.29% and USD563,857,620 or 25.62% of total
consolidated net revenues for the period ended September 30, 2013, respectively.
71
The Group enters sales transactions with the Government-related entities, totalling to
21.66% and 25.27% of its consolidated cost of revenues above for the period ended
September 30, 2014 and 2013, respectively.
210,889,831
206,571,455
115,237,491
26,767,199
8,867,953
10,806,899
6,155,996
1,057,739
1,759,014
7,923,139
836,873
6,184,574
339,441
1,661,493
691,969
203,675
221,394
3,223,374
280,778
16,786,619
404,487
259,398
1,220,326
210,889,831
126,537,229
25,744,831
10,626,269
11,084,649
1,694,096
1,246,346
2,035,696
3,680,372
704,037
5,042,915
288,975
1,126,177
309,637
107,980
265,128
2,632,008
293,767
11,745,354
232,159
214,562
959,268
206,571,455
139,239,169
145,235,747
11,863,112
55,176,144
3,006,873
7,976,527
8,071,209
4,184,805
114,638
905,526
855,075
1,222,814
3,198,730
927,600
9,124,084
1,922,419
3,688,423
1,083,248
760,549
1,471,150
1,167,310
8,282,707
6,164,401
7,011,198
176,932
108,205
775,490
139,239,169
10,872,648
59,506,946
4,704,599
10,261,788
7,102,430
4,541,652
1,202,165
1,570,247
1,272,430
1,234,813
3,114,772
1,096,532
9,729,141
2,620,359
3,271,930
989,502
998,422
1,545,635
739,571
11,314,468
2,624,575
3,603,018
313,882
117,841
886,381
145,235,747
44,285,337
13,882,813
31 BEBAN KEUANGAN
Akun ini terdiri dari:
Penerusan pinjaman dari Pemerintah Republik Indonesia
yang didanai oleh :
- Asian Development Bank
- European Investment Bank
- Japan Bank for International Cooperation
- International Bank for Reconstruction and Development
Obligasi
PT Bank Mizuho
PT Bank ANZ Indonesia
PT Bank Negara Indonesia (Persero) Tbk
Bank of Tokyo Mitsubishi - UFJ
PT Bank Sumitomo Mitsui Indonesia
The Hongkong and Shanghai Banking Corporation Ltd.
Pembalikan dari efek diskonto atas provisi
pembongkaran aset dan restorasi area
Total
31 FINANCE COST
This account consists of:
Two Step Loan from the Government of the Republic
of Indonesia funded by:
111,431
1,308,949
4,931,972
2,117,705
26,284,691
261,523
1,686,904
5,539,730
2,353,751
-
Asian Development Bank European Investment Bank Japan Bank for International Cooperation International Bank for Reconstruction and Development Bonds
PT Bank Mizuho
PT Bank ANZ Indonesia
PT Bank Negara Indonesia (Persero) Tbk
Bank of Tokyo Mitsubishi - UFJ
PT Bank Sumitomo Mitsui Indonesia
The Hongkong and Shanghai Banking Corporation Ltd.
The unwinding of the effect of discounting
the provision of assets abandonment and area restoration
Total
573,188
1,399,932
1,020,171
1,873,273
736,676
2,962,915
1,338,494
2,702,411
964,434
44,285,337
13,882,813
72
32 PENDAPATAN KEUANGAN
20,155,787
20,922,199
14,788,200
1,494,949
3,494,769
377,869
20,155,787
12,937,922
4,222,303
3,761,974
20,922,199
32 FINANCE INCOME
This account consists of:
Laba (Rugi) selisih kurs terutama berasal dari penyesuaian aset dan liabilitas dalam
mata uang asing dan perbedaan nilai tukar transaksi dari kegiatan usaha
Perusahaan dalam mata uang asing.
Gain (loss) on foreign exchange mainly results from restatements of assets and
liabilities in foreign currencies and differences in exchange rates on the Companys
operational transactions denominated in foreign currencies.
Selama periode 2014 dan 2013, Perusahaan mengalami laba (rugi) selisih kurs neto yang disebabkan oleh menguatnya (melemahnya) nilai tukar Dolar AS
terhadap mata uang asing, khususnya Yen Jepang yang mengakibatkan penurunan
posisi liabilitas neto dalam mata uang asing Perusahaan.
During 2014 and 2013 period, the Company incurred gain (loss) on foreign exchange net due to strengthening (weakening) of US Dollar against foreign currency, especially
Japanese Yen which decreased the net foreign currency denominated liabilities of the
Company.
34 DERIVATIVE FINANCIAL INSTRUMENTS
On February 16, 2007, the Company entered into a cross currency swap contract with
ABN AMRO Bank N.V. (ABN), London Branch, whereby the Company agreed to
receive Japanese Yen (JPY) interest multiplied by 35% and agreed to pay interest at
0% for the period from October 15, 2006 to October 15, 2008, and for the period
thereafter through to the maturity date, March 15, 2019, to pay interest at the
difference between a certain rate (strike) as stipulated in the agreement with the US
Dollar average exchange rate with the Japanese Yen (USD/JPY) divided by one
hundred or 0%, whichever is higher.
On August 19, 2008, the Company entered into an amendment of the cross currency
swap contract with ABN AMRO Bank N.V. (ABN), London Branch, whereby the
Company agreed to receive Japanese Yen (JPY) interest multiplied by 42% and to
pay interest at the rate of 0% for the period from October 15, 2006 to October 15,
2008, and for the period thereafter to the maturity date, March 15, 2019, to pay
interest at the difference between the strike rate as stipulated in the agreement with
the US Dollar average exchange rate with the Japanese Yen (USD/JPY) divided by
one hundred or at 0%, whichever is higher plus additional interest of 5% multiplied by
number of days if the CMS 10 years rate is at or outside a certain range divided by the
total number of days for such period.
In addition, the Company also agreed to receive Japanese Yen in the amount
stipulated in the agreement, as long as the USD/JPY exchange rate is at or below
121.50 at the end of the agreed period and to pay US dollar amount with exchange
rate of USD/JPY of 121.50. If USD/JPY is at or above 121.50, there will be no
exchange of cross currency swap. This contract became effective starting October 15,
2006 and will expire on March 15, 2019. The Company intends to hedge the changes
in the fair value of its liabilities due to risk of the foreign exchange rate fluctuation of
USD/JPY, in relation to the long-term loan obtained from JBIC.
Perubahan neto nilai wajar atas instrumen-instrumen derivatif di atas disajikan pada
akun Laba (Rugi) Perubahan Nilai Wajar Derivatif - Neto pada laporan laba rugi
komprehensif konsolidasian interim.
The net changes in the fair values of the above derivative instruments were presented
in account Gain (Loss) on Change in Fair Value of Derivative - Net in the interim
consolidated statements of comprehensive income.
35 TAXATION
35 PERPAJAKAN
Taksiran Tagihan Pajak
Pajak Penghasilan:
Pasal 21
Pasal 23
Pasal 29
Tahun 2014
Tahun 2013
Tahun 2012
Pajak Pertambahan Nilai:
Total
150,731
69,736
-
228
1,057
10,970,836
3,051,269
14,172,836
118,947
9,613,374
9,802,057
30,713,108
59,504
2,783,848
33,557,745
73
Income Taxes:
Article 21
Article 23
Article 29
Year 2014
Year 2013
Year 2012
Value Added Taxes:
Total
35 TAXATION (continued)
35 PERPAJAKAN (lanjutan)
Beban Pajak
Tax Expense
Kini
Entitas Induk
Entitas Anak
Sub-total
Tangguhan
Entitas Induk
Entitas Anak
Sub-total
Beban Pajak - neto
116,814,807
31,790,671
148,605,478
141,161,600
30,686,746
171,848,346
1,426,698
28,980,308
30,407,006
179,012,484
3,548,894
(1,331,714)
2,217,180
174,065,526
the
Company
and
Current
The Company
Subsidiaries
Sub-total
Deferred
The Company
Subsidiaries
Sub-total
Tax expense - net
Pajak kini
Current Tax
Rekonsiliasi antara laba sebelum manfaat (beban) pajak, seperti yang tercantum
dalam laporan laba rugi komprehensif konsolidasian interim dan estimasi laba kena
pajak adalah sebagai berikut:
of
The reconciliation between profit before tax benefit (expense), as shown in the interim
consolidated statements of comprehensive income and estimated taxable income is
as follows:
790,692,267
840,526,287
(184,919,522)
(19,445,846)
(107,914,704)
56,727,692
586,326,899
789,339,275
(1,139,101)
6,126,679
5,321,952
(15,402,142)
(5,092,612)
773,562
2,409,223
(16,605,759)
(13,422,974)
2,440,344
2,670,387
9,566,927
15,261,893
5,027,923
2,572
5,778,703
-
(14,182,335)
(15,148,040)
(15,681)
2,839,750
(18,736)
(2,498,684)
6,045,523
584,074,037
781,961,824
116,814,807
141,161,600
2014
1,380,024
126,405,619
127,785,643
2013
474,277
169,282,073
169,756,350
Total
74
35 TAXATION (continued)
35 PERPAJAKAN (lanjutan)
Ketentuan sebagaimana dimaksud harus dipenuhi oleh perseroan terbuka dalam
waktu paling singkat 6 bulan dalam jangka waktu 1 tahun pajak. Wajib Pajak harus
melampirkan Surat Keterangan dari Biro Administrasi Efek pada Surat
Pemberitahuan Tahunan PPh Wajib Pajak Badan dengan melampirkan formulir
X.H.1-6 sebagaimana diatur dalam Peraturan Badan Pengawas Pasar Modal dan
Lembaga Keuangan (Bapepam-LK) No. X.H.1 untuk setiap tahun pajak terkait.
Pada tanggal 22 Juli 2014, Perusahaan telah mendapatkan surat keterangan dari
Biro Administrasi Efek atas pemenuhan kriteria-kriteria di atas untuk periode enam
bulan yang berakhir pada tanggal 30 Juni 2014.
As of July 22, 2014, the Company has obtained the notification letter from Securities
Administration Agency (Biro Administrasi Efek) regarding the fulfillment of such
criterias for the six-month period ended June 30, 2014.
As of September 30, 2014 and December 31, 2013, the accumulated Difference
Arising from Restructuring Transactions among Entities under Common Control which
is a component of the equity section in the consolidated statements of financial
position amounted to Rp314,889,945,926 (equivalent to USD35,301,648) and consists
of tax on the gain on sale of fixed assets in 2004 amounting to Rp325,519,727,021
(equivalent to USD36,493,243) and tax on the loss on sale of fixed assets in 2006
amounting to Rp10,629,781,095 (equivalent to USD1,191,679).
Deferred Tax
Pajak tangguhan
Rincian beban (manfaat) pajak tangguhan adalah sebagai berikut:
Pengaruh pajak atas beda temporer pada tarif pajak maksimum 25% tahun 2014
dan 2013:
Perusahaan
Cadangan kerugian penurunan nilai
Penyisihan persediaan usang
Penyisihan aset pajak tangguhan
Kesejahteraan karyawan
Gaji dan bonus
Entitas Anak
Aset tetap
Rugi fiskal
Cadangan kerugian penurunan nilai
Gaji dan bonus
Kesejahteraan karyawan
Total
The effect of temporary differences at maximum tax rate 25% in 2014 and 2013:
(1,531,670)
284,775
1,246,894
(2,423,838)
3,850,536
1,426,697
(193,391)
193,391
(602,546)
4,151,440
3,548,894
(198,471)
30,973,417
(1,367,352)
7,899
(435,184)
28,980,309
30,407,006
(66,184)
(647,814)
(826,127)
165,807
42,604
(1,331,714)
2,217,180
The Company
Provision for impairment losses
Provision for inventory obsolescence
Valuation allowance
Employees benefits
Salaries and bonus
Subsidiaries
Fixed assets
Fiscal loss
Provision for impairment losses
Salaries and bonus
Employees benefits
Total
Aset dan liabilitas pajak tangguhan, selain akumulasi rugi fiskal, berasal dari
perbedaan metode atau dasar yang digunakan untuk tujuan pencatatan menurut
pelaporan akuntansi dan pajak, terutama terdiri dari penyusutan aset tetap,
cadangan penurunan nilai, penyisihan persediaan usang, provisi untuk gaji dan
bonus karyawan, pensiun dan provisi untuk kesejahteraan karyawan.
Deferred tax assets and liabilities, other than accumulated tax losses, arose from the
difference in the methods or basis used for accounting and tax reporting purposes,
mainly comprising depreciation on fixed assets, allowance for impairment, allowance
for inventory obsolescence, provision for employees salaries and bonus, pension and
provision for employees benefits.
Perbedaan dasar pencatatan aset tetap adalah karena perbedaan taksiran masa
manfaat aset untuk tujuan pelaporan akuntansi dan pajak.
The difference in the basis of recording of fixed assets is due to the differences in the
estimated useful lives of the assets for accounting and tax reporting purposes.
The differences in the basis of allowance for impairment losses, allowance for
inventory obsolescence, provision for employees bonus and allowance for employees
benefits are due to the difference in timing of recognition of expenses for accounting
and tax reporting purposes. The management is of the opinion that the valuation
allowance for deferred tax assets is adequate to cover the possible that such tax
benefits will not be realized.
There are no income tax consequences attached to the payment of dividends by the
local Subsidiaries and Associates to the Company and the Company intends to hold
the investment for a long-term.
The reconciliation between tax expense computed using the prevailing tax rate of 20%
in 2014 and 2013 on the accounting income before tax expense and the tax expense
reported in the interim consolidated statements of comprehensive income for the
period ended as of September 30, 2014 and 2013 is as follows:
75
35 TAXATION (continued)
35 PERPAJAKAN (lanjutan)
790,692,267
840,526,287
(19,445,846)
56,727,692
771,246,421
897,253,979
143,518,508
179,450,796
822,581
2,379,749
34,671,397
(7,765,018)
179,012,486
174,065,527
4,893,785
41,123
(4,934,908)
1,825,598
21,908,262
725,414
3,994,739
28,454,013
(261,375,289)
456,697
2,774,236
93,384
(2,867,620)
13,104,309
7,324,006
20,428,315
549,070
(5,144,152)
20,817,988
164,786,542
2,031,260
3,366,320
325,920
(3,688,035)
304,997
19,539,467
808,273
8,210,327
28,867,269
334,238
867,550
(75,861,077)
243,604
3,640,586
49,836,455
691,510
(73,282,802)
(2,225,477)
(20,247,134)
(44,828,789)
18,202,838
8,620,135
The Company
Deferred tax assets
Allowance for impairment losses
Provision for inventory obsolescence
Valuation allowance
Fixed assets
Employees benefits
Fiscal loss
Salaries and bonus
Deferred tax assets (liability), net- Head Office
Subsidiaries
Deferred tax assets
Bonus
Employees benefits
Deferred tax liability
Fixed assets
Provision for inventory obsolescence
Asset abandonment and restoration obligations
and other provisions
Unrecover cost
Employees benefits
Deferred tax Assets (Liabilities) net Subsidiary
company
Deferred tax Assets (Liabilities) - net
On April 26, 2013, the Company has received SKPLB No. 0026/406/11/051/13 of
Corporate Income Tax for the year 2011 amounting to Rp77,208,977,387, Tax
Assessment Letter for Underpayment (SKPKB) No. 00001/277/11/051/12 of ValueAdded Tax for the Utilization of JKP Outside the Pabean Area for the periods January
until December 2011 amounting to Rp348,663,206 and at the same date, the
Company also received Tax Claim Letter (STP) for the Value-Added Tax for the
Utilization of JKP Outside the Pabean Area periods January until December 2011
No. 00001/177/11/051/13 amounting to Rp52,827,758.
Pada tanggal 2 Juli 2013, Perusahaan telah menerima Lebih Bayar Pajak untuk
Pajak Penghasilan Badan tahun 2011 sebesar Rp76.807.486.423 setelah dikurangi
dengan pajak kurang bayar dan tagihan pajak. Selisih antara jumlah yang ditagih
oleh Perusahaan dengan jumlah yang dikembalikan oleh Kantor Pajak disajikan
sebagai akun Beban Pajak Kini untuk pajak penghasilan dan Beban Lain-Lain
untuk pajak lainnya dalam laporan laba rugi komprehensif konsolidasian tahun
yang berakhir pada tanggal 31 Desember 2013.
On July 2, 2013, the Company has received the refund of tax overpayment for
Corporate Income Tax for the year 2011 amounting to Rp76,807,486,423, net of the
tax underpayments and tax claim. The difference between the amount claimed by the
Company and the amount refunded by the Tax Office is presented in the Current Tax
Expense account for income tax and Other Expense account for other tax in the
consolidated statements of comprehensive income for the year ended December 31,
2013.
On June 9, 2014, the Company has received Preliminary Tax Refund Letter for
Overpayment (SPPKP) of Corporate Income Tax for the year 2013 amounting to
USD30,714,34. On July 15, 2014, the Company received the refund of such tax
overpayment.
76
35 TAXATION (continued)
35 PERPAJAKAN (lanjutan)
Sehubungan dengan proses restitusi Pajak Pertambahan Nilai (PPN):
Selama enam bulan yang berakhir pada tanggal 30 Juni 2014 dan tahun yang
berakhir pada tanggal 31 Desember 2013, Transgasindo menerima beberapa Surat
Ketetapan Pajak Lebih Bayar (SKPLB) PPN dengan jumlah keseluruhan masingmasing sebesar Rp9.520.049.305 dan Rp19.565.186.914. Transgasindo telah
menyetujui seluruh ketetapan pajak tersebut kecuali untuk Surat Ketetapan Pajak
masa Oktober 2012 sampai dengan Februari 2013 dan Mei 2013 sampai dengan
Juli 2013, dengan jumlah keberatan pajak sebesar Rp333.853.804 yang
mencerminkan selisih antara jumlah yang ditetapkan Kantor Pajak dengan yang
ditagih oleh Transgasindo.
During the six months ended June 30, 2014 and year ended December 31, 2013,
Transgasindo received several Overpayment Tax Assessment Letters (SKPLB) with
tax refund totaling to Rp9,520,049,305 and Rp19,565,186,914, respectively.
Transgasindo has agreed to the above tax assessments, except for Tax Assessment
Letters for the months of October 2012 to February 2013 and May 2013 to May 2013,
with tax objection amounting to Rp333,853,804, which represents the difference
between the amount determined by the Tax Office with the amount claimed by
Transgasindo.
Selama enam bulan yang berakhir pada tanggal 30 Juni 2014 dan tahun yang
berakhir pada tanggal 31 Desember 2013, Transgasindo menerima hasil restitusi
PPN masing-masing sejumlah Rp12.124.589.914 (setara dengan USD1.012.999)
dan Rp20.022.629.126 (setara dengan USD1.642.680). Untuk setiap SKPLB yang
telah disetujui Transgasindo, selisih antara jumlah yang ditagihkan Perusahaan
dengan jumlah yang ditentukan oleh Kantor Pajak disajikan pada akun Beban Lainlain pada laporan laba rugi komprehensif konsolidasian interim.
During the six months ended June 30, 2014 and year ended December 31, 2013, the
Company received VAT refund totaling Rp12,124,589,914 (equivalent to
USD1,102,999) and Rp20,022,629,126 (equivalent to USD1,642,680), respectively.
For each SKPLB which has been agreed by Transgasindo, the difference between the
amount claimed by Transgasindo with the amount determined by the Tax Office were
presented under Other Expenses account in the interim consolidated statements of
comprehensive income.
36 EMPLOYEE BENEFITS
36 IMBALAN KERJA
Kelompok Usaha menyediakan pensiun dan kesejahteraan karyawan Iainnya untuk
seluruh karyawan tetap yang masih aktif dan yang sudah pensiun sebagai berikut:
The Group provides retirement and other employees benefits to its active and retired
employees, as follows:
Since 1991, the Company has an old age welfare insurance for all its qualified
permanent employees, which is covered in a cooperative agreement with PT Asuransi
Jiwasraya (Persero). The Company has paid all of its liabilities in 2008.
On November 30, 2012, the Company also provides additional post-retirement health
care benefits for its eligible permanent employees, retired employees and ex member
of directors, as covered in a cooperative agreement with Yayasan Kesejahteraan
Pegawai dan Pensiunan Umum Gas Negara (YKPP Gas Negara). The fund is
contributed by both employees/member of directors and the Company with
contribution of 3% and 5% from the basic income.
Since February 2009, the Company established a defined contribution plan for all of its
eligible permanent employees which is managed by Dana Pensiun Lembaga
Keuangan BNI, Manulife Indonesia and Bringin Jiwa Sejahtera, the establishment of
which
was
approved
based
on
Directors
Decision
Letter
No.
002000.K/KP.05/UM/2009, dated February 6, 2009. Both the Pension Plan was
established based on the approval from the Ministry of Finance in its Decision Letter
No. KEP.1100/KM.17/1998, No. KEP.231/KM.17/1994 and No. KEP.184/KM.17/1995.
The fund is contributed by both employees and the Company with contribution of 5%
and 15%, respectively, of the basic pension income. Pension expense charged to
operations amounted to USD1.962.496 for the period ended September 30, 2014.
In 2009, Transgasindo has defined contribution pension plan for all of its eligible
permanent employees, which is funded through monthly fixed contributions to Dana
Pensiun Lembaga Keuangan (DPLK) Bank Rakyat Indonesia and Bank Negara
Indonesia, the establishment of which were approved by Ministry of Finance of the
Republic of Indonesia in its Decision Letter No. KEP.197/KM.6/2004 and No.
KEP.1100/KM.17/1998, respectively. This fund is contributed by both employees and
Transgasindo with contribution of 2% and 6% of the employees monthly salaries,
respectively.
77
The Group provides long-term employees benefits to its employee in accordance with
the Collective Labor Agreement as compared with benefits under Labor Law No.
13/2003 (Law No. 13/2003), and provide whichever is higher. The benefits are
unfunded.
Tabel berikut menyajikan komponen dari beban imbalan neto yang diakui
dalam laporan laba rugi komprehensif konsolidasian dan jumlah yang diakui
dalam laporan posisi keuangan konsolidasian interim untuk liabilitas diestimasi
imbalan kerja yang dihitung oleh PT Sienco Aktuarindo Utama, aktuaris
independen, untuk periode/tahun yang berakhir pada tanggal-tanggal 30
September 2014 dan 31 Desember 2013, berdasarkan laporannya masingmasing tanggal 7 Juli 2014 dan 6 Januari 2014. Perhitungan aktuaris
menggunakan metode Projected Unit Credit dengan asumsi-asumsi sebagai
berikut:
The following tables summarize the components of net benefits expense recognized in
the consolidated statements of comprehensive income and the amounts recognized in
the interim consolidated statements of financial position for the estimated liabilities for
employees benefits as calculated by an independent actuary, PT Sienco Aktuarindo
Utama for the period/year ended September 30, 2014 and December 31, 2013, in its
reports dated July 7, 2014 and January 6, 2014. The actuarial calculation used the
Projected Unit Credit method which utilized the following assumptions:
30 September 2014/
September 30, 2014
31 Des. 2011/
Dec. 31, 2011
31 Desember 2013/
December 31, 2013
6,8%
per
: 8,37% - 8,90% per
tahun/per
Tahun per tahun/per
annum
annum
: TMI 2011
CSO 1980
TMI 2011
10%
per
tahun/per
annum
Umur pensiun
: 56 - 58 tahun/years
56 tahun/years 56 - 58 tahun/years
: 10%
dari
tingkat
kematian/mortality
rate
5%
dari
tingkat
kematian/mo
rtality rate
Tingkat cacat
Mortality Rate
Wages and Salaries Increase
Retirement Age
Disability Rate
Liabilitas imbalan pasca kerja yang tidak didanai diatas adalah berdasarkan
perhitungan aktuaria yang dilakukan oleh independen aktuaris, PT Sienco
Aktuarindo Utama, berdasarkan laporannya tanggal 7 April 2014 dan 6 Januari
2014, yang dihitung dengan menggunakan metode Projected Unit Credit .
PLI and PT Permata Graha Nusantara did not provide for employee benefit liability as
of September 30, 2014 and December 31, 2013, since the amount is immaterial.
All the employees benefits expenses of the Group are presented as Operating
Expenses - Salaries and Employees Benefits account in the interim consolidated
statements of comprehensive income.
The management of the Group believes that the retirements benefits program
adequately cover the benefits to be provided based on Law No. 13/2003.
37 NON-CONTROLLING INTERESTS
Rincian kepentingan nonpengendali atas ekuitas dan bagian atas hasil bersih
entitas anak yang dikonsolidasi adalah sebagai berikut:
2014
Pada awal tahun/
At beginning of year
TGI
PGASKOM
PGASSOL
Total
181,804,232
325
17,694
181,822,251
Laba rugi/
Profit and loss
19,878,433
(140)
5,884
19,884,177
Perubahan
ekuitas
lainnya/
Other
equity
movement
(10,523,932)
200
263
(10,523,469)
TGI
PGASKOM
PGASSOL
Total
2013
Pada awal tahun/
At beginning of year
TGI
PGASKOM
PGASSOL
Total
157,450,375
(5,205)
2,452
157,447,622
Laba rugi/
Profit and loss
33,338,663
965
11,658
33,351,286
Perubahan
ekuitas
lainnya/
Other
equity
movement
(8,984,806)
4,565
3,584
(8,976,657)
78
TGI
PGASKOM
PGASSOL
Total
Dalam kegiatan usaha normal, Kelompok Usaha melakukan transaksi usaha dan
keuangan dengan pihak-pihak berelasi. Entitas yang bersangkutan diakui sebagai
pihak berelasi dari Kelompok Usaha berkaitan dengan persamaan kepemilikan dan
manajemen.
In the normal course of business, the Group entered into trade and financial
transactions with related parties. The concerned entities are considered related parties
of the Group in view of their common ownership and management.
Rincian sifat hubungan dan jenis transaksi yang signifikan dengan pihak-pihak
berelasi adalah sebagai berikut:
The details of nature of relationship and types of significant transactions with related
parties are as follows:
Transaksi/
Transactions
Deposito
berjangka
yang
tidak
dibatasi
penggunaannya/ Placement of unrestricted time
deposits
Pelanggan/Customer
Pelanggan,
transmission
Pemegang
Shareholder
PT Nusantara Regas
saham
mayoritas/Majority
79
transmisi
gas/Customer,
gas
30 September 2014/
September 30, 2014
30 September 2013/
September 30, 2013
Government-related entities
493,703,276
53,280,645
92,212,233
11,539,638
6,092,633
2,196,512
354,654
247,106
148,698
105,911
390,682,955
66,378,345
78,368,624
10,377,951
7,131,469
2,389,466
330,123
202,656
200,473
135,288
659,881,306
556,197,350
26.25%
25.27%
PT PLN (Persero)
PT Krakatau Daya Listrik
PT Indonesia Power
PT PLN Batam
PT Pertamina EP
PT Iglas (Persero)
PT Wijaya Karya Intrade
PT Barata Indonesia (Persero)
Indofarma
PT Wijaya Karya Beton
Total
30 September 2013/
September 30, 2013
Government-related entities
228,721,813
34,123,085
11,048,160
31,844,377
305,737,435
214,791,008
31,669,916
16,347,811
29,620,632
292,429,367
21.66%
PT Pertamina EP
PT Pertamina Hulu Energi
PT Pertamina Gas
PT Nusantara Regas
Total
Percentage from total consolidated
cost of revenues
25.27%
Kas dan setara kas dan kas yang dibatasi penggunaannya (Catatan 5 dan 6)
Pada tanggal 30 September 2014 dan 31 Desember 2013, saldo kas dan setara
kas dan kas yang dibatasi penggunaannya yang ditempatkan pada entitas yang
berelasi dengan Pemerintah masing-masing sebesar 20,91% dan 28.55% dari total
aset konsolidasian.
As of September 30, 2014 and December 31, 2013, the balances of cash and cash
equivalents and restricted cash placed in government-related entities amounted to
20.91% and 28.55%, respectively, from the total consolidated assets.
As of September 30, 2014 and December 31, 2013, the balances of short-term
investments placed in government-related entities amounted to 1.70% and 1.98%,
respectively, from the total consolidated assets.
30 September 2014/
September 30, 2014
Government-related entities
51,175,207
5,699,788
4,213,121
11,146,924
1,937,242
8,582,775
669,840
113,721
83,538,618
29,511,682
10,787,359
4,568,504
4,390,646
3,159,768
2,386,376
465,562
117,529
55,387,426
1.54%
1.39%
Dari total piutang usaha tersebut di atas, Kelompok Usaha mencadangkan kerugian
penurunan nilai atas piutang disebabkan adanya indikasi penurunan nilai.
50,127,813
5,799,649
4,215,055
7,312,041
1,582,221
6,946,063
2,361,644
80,838
78,425,324
1.82%
PT PLN (Persero)
PT Krakatau Daya Listrik
PT Kertas Lecces (Persero)
PT Indonesia Power
PT PLN Batam
PT Iglas (Persero)
PT Pertamina EP
Others
Total
From the above total trade receivables, the Group provides allowance for impairment
losses on receivables due to indications of impairment.
80
As of September 30, 2014 and December 31, 2013, the balances of advances placed
in government-related entities amounted to 1.42% and 1.78%, respectively, from the
total consolidated assets.
Investment in shares of stock (Note 14)
As of September 30, 2014 and December 31, 2013, the balances of investment in
shares of stock placed in government-related entities amounted to 1.90% and 2.21%,
respectively, from the total consolidated assets.
30 September 2014/
September 30, 2014
Government-related entities
23,547,146
3,747,008
1,229,201
28,523,355
15,545,069
3,560,046
3,054,299
22,159,414
1.09%
1.66%
72,661,777
4,141,879
1,649,524
15,690,534
94,143,714
5.68%
PT Pertamina EP
PT Pertamina Hulu Energi West Java Madura
Offshore
PT Pertamina
Gas
PT Nusantara Regas
Total
As of September 30, 2014 and December 31, 2013, the balances of long-term loans
placed in government-related entities amounted to 21.66% and 38.28%, respectively,
from the total consolidated liabilities.
The Group provided the compensation and other benefits for the commissioners and
directors totaled USD10,462,237 and USD10,725,363 for the period ended September
30, 2014 and 2013, which consist of:
30 September 2014/
September 30, 2014
30 September 2013/
September 30, 2013
Komisaris
Imbalan jangka pendek
Imbalan pasca kerja
Imbalan jangka panjang lainnya
Sub-total
2,533,613
87,431
8,676
2,629,720
2,852,510
129,385
9,042
2,990,937
Commissioners
Short-term benefits
Post retirement
Other long-term benefits
Sub-total
Direksi
Imbalan jangka pendek
Imbalan pasca kerja
Imbalan jangka panjang lainnya
Sub-total
7,467,130
340,018
25,369
7,832,517
7,419,293
293,444
21,689
7,734,426
Short-term benefits
Post retirement
Other long-term benefits
Sub-total
10,462,237
10,725,363
Total
Directors
Total
Pada tahun yang berakhir pada tanggal 30 September 2014 dan 2013 Perusahaan
telah mencatat beban atas Tanggung Jawab Sosial dan Lingkungan pada operasi
berjalan yang disajikan pada akun Beban Umum dan Administrasi - Tanggung
Jawab Sosial dan Bina Lingkungan pada laporan laba rugi komprehensif
konsolidasian interim (Catatan 30).
For the years ended September 30, 2014 and 2013, the Company has recorded the
Corporate Social and Environmental Responsibility expense in current operations
which is presented as part of General and Administrative Expenses - Corporate
Social and Environmental Responsibility (CSR) account in the interim consolidated
statements of comprehensive income (Note 30).
81
40 PERJANJIAN-PERJANJIAN PENTING
40 SIGNIFICANT AGREEMENTS
The Company is required to buy and pay for the minimum purchase
quantity per year for each of the GSPA below, which the purchasing
price is based on the contract price for each agreements. The
difference between the purchased quantity and the minimum
purchase quantity is recorded as Make-Up Gas, which can be realized
anytime if the minimum quantity has been taken or at a specified
period after the related agreement ends. The outstanding balance of
the Make-Up Gas is presented as part of Advances in the
consolidated financial position statement (Note 10).
Jangka waktu/Term
Awal/Start
Akhir/End
Perjanjian/
Agreements
Volume/ Tahun
/Volume/Year
PT Pertamina EP
PJBG Palembang
2,343 BSCF
17 Dec. 1999
7 Oct. 20121)2)
PT Pertamina EP
PJBG Medan
4 Apr. 2002
31 Mar. 2015 6)
23 Oct. 2013
Ditandatangani dan
berlaku efektifnya PJBG
Pemasok/Suppliers
2 MMSCFD (2013),
1.5 MMSCFD (2014)
dan 1 MMSCFD
(2015)
PT Pertamina EP
Kesepakatan
Bersama Sumur
Benggala-1
Sumur Benggal-1
Sumatera Utara
2 MMSCFD
PT Pertamina EP
PJBG Cirebon
Titik serah
Randegan: 2,5
MMSCFD dan Titik
Serah Sunyaragi:
1,5 MMSCFD (2013)
dan 2 MMSCFD
(2014 & 2015)
4 Apr. 2002
31 Mar. 2015 6)
PT Pertamina EP
PJBG Sumatera
Selatan-Jawa
Barat
1,006 TSCF
26 Jun. 2003
31 Dec. 20251)
PT Pertamina EP
PJBG EEJW
Jatirarangon
40.150 BBTU
26 Jul. 2004
18 Oct. 20141)
ConocoPhillips
(Grissik) Ltd.
PJBG Batam I
Corridor Block
225 TBTU
9 Jul. 2004
12 Oct. 20191)
ConocoPhillips
(Grissik) Ltd.
PJBG Corridor
Block - Jawa Barat
Corridor Block
2.310 TBTU
9 Aug. 2004
30 Sept. 2023
ConocoPhillips
(Grissik) Ltd.
PJBG Batam II
Corridor Block
65,8 TBTU
12 Dec. 2004
11 Dec. 20191)
ConocoPhillips
(Grissik) Ltd.
Amendment and
Restatement to
Replace IGSPA to
GSPA
Corridor Block
12,5 BBTUD
31 May 2010
31 May 2015
Amendment and
Restatement of
PJBG Lapindo
Lapangan Wunut
29 Dec. 2003
31 Dec. 2015
PT Pertamina Hulu
Energy West Madura
Offshore, Kodeco
Energy Co. Ltd. Dan
PT Mandiri Madura
Barat
19 Dec. 2006
31 Dec. 2014 6)
Santos (Madura
Offshore) Pty. Ltd., PC
Madura Ltd., dan PT
Petrogas Pantai
Madura
GSA Santos
Maleo
Maleo Field
351 BCF4)
14 Jul. 2007
13 Jul. 2019
10)
82
Perjanjian/
Agreements
Volume/ Tahun
/Volume/Year
Husky CNOOC
Madura Ltd.
GSA Husky
Madura BD field
20 MMSCFD
30 Oct. 2007
PT Medco E&P
Indonesia (MEI)
PJBG Medco
S&CS
41.900 BBTU
4 Dec. 2009
PT Medco E&P
Lematang (MEL)
PJBG Medco
Lematang
36.036 BBTU
4 Dec. 2009
Kuantitas yang
diperjanjikan
tercapai/Contracted
quantity delivered 11)
PT Pertiwi Nusantara
Resources (PNR)
PJBG PNR
Glagah Kambuna
12,86 BSCF
14 Apr. 2010
16 Mar. 20147)
PT Bayu Buana
Gemilang (BBG)
PJBG BBG
22,735 TBTU
30 Nov. 2011
31 Dec. 2020
PT Walinusa Energi
(WNE)
PJBG WNE
32,429 TBTU
12 Jan. 2012
31 Dec. 2020
PJBG IDLP
5 BBTUD3)
7 Feb. 2012
9 Feb. 2019
PT Indogas Kriya
Dwiguna (IKD)
PJBG IKD
20 BBTUD
17 Feb. 2012
31 Dec. 2020
PT Sadikun Niagamas
Raya (SNR)
PJBG SNR
40,6 TBTU
11 Apr. 2012
31 Dec. 2020
PT Nusantara Regas
Kesepakatan
Bersama
10 BBTUD
19 Oct. 2012
Penandatangan dan
berlaku efektifnya PJBG/
signing and
effectiveness of the
GSA 8)
PT Nusantara Regas
Kesepakatan
Bersama
Mahakam PSC
2.000 BBTU
10 Mar. 2014
PT PDPDE Gas
PJBG PDPDE
10.700 BBTU
1 Jan. 2013
9 Feb. 2019 1) 9)
PJBG Premier
Blok Natuna
25 BBTUD
1 Juli 2014
Pemasok/Suppliers
) Atau berlaku sampai dengan kuantitas yang diperjanjikan telah tercapai, mana yang terjadi lebih dahulu/Or it is valid until the contracted quantity is delivered, whichever comes first.
) Sampai dengan tanggal penyelesaian laporan keuangan konsolidasian, perjanjian masih dalam proses untuk dijadikan satu dengan PJBG PEP Sumatera Selatan - Jawa Barat/Up
to the completion date of the consolidated financial statement, the agreement is in the process for combining to PJBG PEP South Sumatera - West Java
) Jumlah penyerahan harian untuk tanggal 1 Januari 2014-9 Februari 2019/Daily contract quantity since January 1, 2014 until February 9, 2019 .
) Jumlah cadangan Maleo Field (2P)/the amount of Maleo Field (2P) reserves.
) As it is berarti kondisi dimana seluruh volume gas apa adanya yang keluar atau dihasilkan dari Lapangan Wunut, untuk diserahkan dan dijual oleh pemasok kepada
Perusahaan/Condition which the entire gas volume as it is produced out of the Wunut Field to be submitted and sold by supplier to the Company
6
) Sampai dengan tanggal penyelesaian laporan keuangan konsolidasian, masih dalam proses pembahasan amandemen PJBG/Up to the completion date of the consolidated financial
statements, the amendmentof GSA is in process.
7
) Penyaluran dihentikan oleh pemasok berdasarkan surat dari pemasok No. 025/PNR/DU/VII/2013, tanggal 5 Juli 2013/Gas supply has been terminated by the supplier based on the
letter from supplier No. 025/PNR/DU/VII/2013, dated July 5, 2013.
83
) Penyaluran dihentikan oleh pemasok berdasarkan surat dari pemasok Nomor 10900/NR/D000/S/2013 tanggal 12 Juli 2013/Gas supply has been terminated by the supplier based
on a letter from the supplier Number 10900/NR/D000/S/2013 dated July 12, 2013.
) Penyaluran gas belum dimulai karena prasyarat keberlakuan PJBG terkait perizinan belum diperoleh PT PDPDE Gas/Gas supply has not been delivered due to GSAs condition
precedent regarding permit has not been obtained by PT PDPDE Gas.
10
) Sampai dengan tanggal laporan ini, perjanjian masih dalam proses finalisasi sehingga dokumen hukum sementara penyaluran gas berdasarkan Kesepakatan Bersama/Up to the
date of this report, the agreement is in the finalization process so that the bridging document for gas supply based on Mutual Agreement.
11
) Volume kontrak turun menjadi 36.036 BBTU karena perubahan cadangan gas Lapangan Singa. Kuantitas yang diperjanjikan tercapai pada tanggal 2 Januari 2014 /Contract
volume decline to be 36,036 BBTU due to changes on the Singa Field reservoir.The contracted quantity has been delivered on 2 Jan, 2014.
12
) Kuantitas yang diperjanjikan tercapai pada tanggal 13 Juni 2014/The contracted quantity has been delivered on 13 June, 2014
13
) Kuantitas yang diperjanjikan tercapai pada tanggal 19 Agustus 2014/The contracted quantity has been delivered on 19 August, 2014.
14
) Berlaku sampai dengan 18 bulan sejak tanggal dimulai / Valid until 18 months from Start Date
2 Pertagas West
Agreement
Java
Gas
Transportation
Pipeline
Utilization
84
On March 11, 2011, the Company and Pertagas signed the Second
Amendment Agreement which added the transfer point of NagrakBitung and Bitung-Cilegon sections and extend the Agreement until
June 30, 2011.
On December 29, 2011, the Company and Pertagas entered into the
amendment of Collective Agreement which extended the maturity
date of the agreement until December 31, 2012.
On February 20, 2013, the Company and Pertagas entered into the
Extention Letter of Agreement which extended the maturity date of the
agreement until April 30, 2013.
On May 16, 2014, the Company and Pertagas signed the an Gas
Transportation Agreement (for West Java Area) with the capacity
provided for gas transportation amounting to 3.3 mmscfd. This
agreement is valid from May 2, 2013 until October 18, 2014 or until
Reserved Capacity has been fulfilled, whichever comes first.
Tahun/Year
2011
2012
2013
2014- 2019
Periode/Period
Jul-Des
Jan-Des
Jan-Des
Jan-Des
Kapasitas/Capacity
81
40
40
21
This agreement is valid for 9 years, starting from the date of the gas
delivered.
On July 23, 2010, the Company and PLN has signed a Extension
Letter of Period of Agreement which extended the period of
Agreement until 30 September 2010.
On August 2, 2011, the Company and PLN has signed the Second
Amendment to the Agreement extending the term of Agreement until
July 31, 2012 or until the gas transport agreement signed (PPG).
85
Gas
Agreement
c. Transportation
Transportation Pipeline System
through
North
Sumatera
Perjanjian ini akan berlaku sampai dengan tanggal yang lebih awal
dari:
a. tanggal yang jatuh tempo dari delapan belas bulan setelah
tanggal dimulai;
b. tanggal ketika keseluruhan kuantitas Swap Premier yang
diserahkan di Titik Penyerahan GSA2 sama dengan Kuantitas
Swap Maksimum;
c. pengiriman pertama Gas berdasarkan salah satu GSA Batam;
d. berakhirnya perjanjian - perjanjian lain yang terkait dengan gas
swap tersebut.
5 Perjanjian Proyek
5 Project Agreement
86
c On April 3, 2006, the Company and the Government entered into the
related Subsidiary Loan Agreement No. SLA-1201/DP3/2006, which
provides for the Governments relending of the IBRD loan proceeds to
the Company, which shall be use to finance the Domestic Gas Market
Development Project.
CTJ will have the rights to operate the shopping centre from the
completion date of the construction of the building compensation, or
on April 2, 2007, whichever is earlier, up to the end of the operational
period or the end of the joint operation agreement. At the end of the
operational phase, the shopping centre will be transferred to the
Company. This agreement is valid for 28 years and will expire on April
2, 2032.
The Company will give priority to WSMB to obtain the right to operate
and manage the second operational phase for 25 years. This
agreement has been amended on July 28, 2005 (amendment 1).
87
On November 29, 2005, the Company and WSMB amended the joint
operation agreement (amendment 2), relating to, among others, the
minimum building area from 20,000 square meters with minimum total
value of Rp80,000,000,000 to 21,000 square meters with minimum
total value of Rp80,000,000,000 and the validity period of the
agreement from 28 years and 6 months to 29 years.
On March 19, 2012, the Company received a letter from the Minister
of State-Owned Enterprises No: S-141/MBU/2012 regarding Projects
Relocation of FSRT Belawan and Project Revitalization of LNG Arun
which in essence asking the Company to relocate the LNG project
from Medan to Lampung. Based on the letter, on October 17, 2012,
the Company, Rekind and Hoegh entered into an Amendment and
Restatement Umbrella Agreement related to relocation the FSRT
Medan to Lampung.
88
11 On January 25, 2012, the Company and Hoegh LNG Limited (Hoegh)
entered into lease, operation and maintenance agreement for Medan
LNG FSRT project. In this agreement, Hoegh agreed to provide FSRT
vessel for 20 years. Based on letter from the Minister of State-Owned
Enterprises No: S-141/MBU/2012 above, on October 17, 2012, the
Company and Rekind entered into an amendment of this agreement
related to relocation the FSRT Medan to Lampung.
14 On February 21, 2014, the Company, PGN LNG, and Rekind entered
into to a Novation Agreement for Amended and Restated Engineering,
Procurement, Construction, Instalation, Commissioning (EPCIC)
whereby the rights and obligations of the Company will be transferred
to PGN LNG.
Perjanjian ini akan berlaku sampai dengan tanggal yang lebih awal
dari:
a tanggal yang jatuh tempo dari delapan belas bulan setelah tanggal
dimulai;
a the maturity date from eighteen months after the start date;
89
Perjanjian/Agreements Pengirim/Shippers
Pengguna/Endusers
Jenis jasa/Type of
services
Jangka
Waktu/Terms
Akhir/End
ConocoPhillips
Grissik), Ltd.
PT Chevron Pacific
Indonesia (CPI)
Tetap/Firm
1 Jan. 2003 - 10
Aug. 2021
122.000
78.000
GTA CPI-3
ConocoPhillips
Grissik), Ltd.
PT Chevron Pacific
Indonesia (CPI)
Tetap/Firm
28 May 2013 - 10
Aug. 2021
10.286
133.333
GTA PGN
Perusahaan/The
RAPP dan/and IKPP
Company
Tetap/Firm
1 Jun. 2010 - 31
May 2015
10.860
10.860
GTA PGN
Perusahaan/The
Company
Pertamina Lirik
dan/and Ukui
Tetap/Firm
25 Jun. 2010 - 31
May 2015
2.424
2.424
GTA Energas
PT Energasindo
Heksa Karya
PLN
Tetap/Firm
8 Jan. 2009 - 31
Dec. 2018
20.000
20.000
Tetap/Firm
22.000
10.000
PLN
PLN
Tetap/Firm
24 Feb. 2012 - 9
Feb. 2019
25.000
25.000
GTA Rengat
PLN
PLN
Tetap/Firm
18 Apr. 2012 - 9
Feb. 2019
3.200
4.000
PT Gagas Energi
Indonesia
IKPP
Tetap/Firm
10 Nov. 2012 - 9
Feb. 2019
7.140
7.140
Tetap/Firm
12 Sept. 2003 - 12
Sept. 2023
195.000
402.500
Batam Distribution
Network (BDN)
dan/and PLN
Tetap/Firm
13 Oct. 2004 - 26
Nov. 2019
22.000
63.900
GTA PDPDE
Perusahaan
Daerah
Pertambangan
dan Energi
Sumatera Selatan
PT Lontar Papyrus
Pulp & Paper
Industry
Tetap/Firm
8.000
12.000
IGTA IDLP
Tidak
tetap//Interruptible
31 Jan. 2012 - 9
Feb. 2019
20.000
20.000
GTA Singapore
GTA Panaran
90
91
- the terminantion of the CPGL-CPI ARGSEA and the CPGLTransgasindo Gas Transportation Agreements (GTA) dated on
December 21, 2000 and May 31, 2010;
Each shareholder agreed to take up and pay for the shares, and
provide shareholder loans on pro rata portion (based on their current
shareholding) of up to a maximum aggregate amount of
USD144,000,000 as committed funding in respect of the Grissik Singapore Pipeline and to provide up to a maximum aggregate
amount of USD15,000,000 of contingent funding, if determined
necessary. The committed funding will be made available upon
receipt of the funding notice from Transgasindo. The notice shall
specify whether such funding shall comprise an equity contribution or
a shareholder loan.
During the course of the SPA, all cash receipts of Transgasindo shall
be paid into a general cash flow account and shall be applied in the
order of priority as set out in the SPA. In the event that Transgasindo
is unable to fulfill any of its payment obligations as set out in the SPA,
each shareholder shall provide its pro rata portion (based on its then
current shareholding) of up to a maximum aggregate amount of the
lesser of USD100,000,000 or the total principal amount for the time
being outstanding under the Grissik - Duri Promissory Notes and the
Grissik - Singapore Promissory Notes.
92
Pada
tanggal
2
Juni
2004,
Perusahaan
telah
menyerahterimakan Aset (Jaringan Pipa Grissik-Singapura dan
fasilitas kompresor Duri). Sehubungan dengan itu, telah dibuat
beberapa perjanjian penting sebagai berikut:
On June 2, 2004, the Company transferred Assets (Grissik Singapore pipeline and Duri compression facilities). In relation with
the transfer, Transgasindo has entered into several other significant
agreements as follows:
tanggal
19
Juli
2011,
berdasarkan
surat
20 Pada
No.20649/12/DJM.E/2011, Direktorat Jenderal Minyak dan Gas
Bumi Kementerian Energi dan Sumber Daya Alam menyatakan
Konsorsium PT Medco CBM Lematang - PT Methanindo Energy
Resources - Perusahaan sebagai Badan Usaha Tetap dalam
pengusahaan Wilayah Kerja Gas Metana Batubara (GMB) Blok
GMB Lematang.
- Komitmen pasti berupa G&G Study, 2 (dua) Core Hole, dan 2 (dua)
Sumur Eksplorasi+Production Test, pada 3 tahun pertama masa
eksplorasi,
- Fixed Commitments in the form of G&G Study, 2 (two) Core Hole, and
2 (two) Exploration Wells+Production Test, in first 3 years of
exploration phase,
- Dan ketentuan lain yang tercantum dalam Kontrak Kerja Sama dan
Peraturan Perundang-undangan yang berlaku.
The costs related to PSC CBM implementation include but not limited
to signature bonus, bank guarantee for signature bonus and
performance bond representing the responsibility of each parties
based on their participating interest.
93
Dated May 31, 2013 the Minister of Energy and Mineral Resources
through letter No.. 6081/13/DJM.E/2013 approved the transfer of the
participating interest of 20% Bangkanai PSC from Salamander Energy
(Bangkanai) Limited to PT Saka Bangkanai Klemantan. On June 24,
2013 date of completion Salamander submit the transfer notice and
the Company paid transaction on June 26, 2013.
94
26 Pada tanggal 5 Mei 2014, SEI, melalui Saka Energi Fasken LLC,
melakukan perjanjian akuisisi participating interest sebesar 36%
dari Swift Energy Operating LLC (Swift Energy) di Fasken properti
yang berlokasi di Texas, Amerika Serikat. Lapangan Fasken terdiri
dari sejumlah sumur-sumur yang telah dikembangkan oleh (Swift
Energy ) dimana telah menghasilkan gas alam. Jumlah imbalan
atas transaksi ini sebesar USD175 juta. Berdasarkan perjanjian ini,
Swift Energy tetap bertindak sebagai operator dalam mengelola
properti ini dengan rencana pengembangan yang telah disepakati
bersama antara SEI dengan Swift Energy . Penutupan transaksi
dilakukan pada tanggal 15 Juli 2014 dengan penandatangan Joint
operating Agreement (JOA).
26 On May 5, 2014, SEI, through Saka Energi Fasken LLC, has entered
into an acquisition agreement to acquire a 36% participating interest
from Swift Energy Operating LLC (Swift Energy) in Fasken shale
properties located in Texas, United States. The Fasken field includes
a number of operating wells developed by Swift Energy, which are
already producing natural gas. Total consideration amount for this
transaction is USD175 million. Under this agreement, Swift Energy
will still continue to serve as operator of these properties, with
development plans to be mutually agreed upon by SEI and Swift
Energy. This acquisition is completed on July 15, 2014 with the
signing of Joint Operating Agreement.
27 GEI is required to buy and pay for the minimum purchase quantity per
year/quarter for each of the GSPA below. The difference between the
purchased quantity and the minimum purchase quantity is recorded
as Make-Up Gas, which can be realized anytime if the minimum
quantity has been taken or at a specified year/quarter during the
period of the agreement. The outstanding balance of the Make-Up
Gas is presented as part of Advances in the consolidated
statements of financial position.
Jangka waktu/Term
Awal/Start
Akhir/End
Perjanjian/
Agreements
Volume/ Tahun
/Volume/Year
PT Nugas Trans
Energy (Nugas)
PJBG
4,245 TBTU
1 Apr. 2012
31 Dec. 2015
PJBG
639.5 TBTU
2 Jul. 2012
31 Dec. 2015
PT Niaga Gema
Teknologi (NGT)
PJBG
2,5560 TBTU
1 Sep. 2012
31 Dec. 2014
PJBG
16,415 BBTU
10 Nov. 2012
9 Feb. 2019
PJBG
2,133,000
MMBTU
20 Nov. 2012
31 Oct. 2014
PT Kemitraan Energi
Industri (KEI)
PJBG
1,095,000 MMBTU
25 Mar. 2013
31 Jan. 2016
PJBG
3,650,000 MMBTU
1 Aug. 2013
30 Jun. 2018
Pemasok/Suppliers
28 On May 28, 2012, GEI and PT Granary Global Energy (GGE) have
signed an Agreement for the Sale of Compressed Natural Gas (CNG)
using mechanism of natural gas utilization. GGE acting as provider of
natural gas compression service and CNG transportation service to
the GEIs customer location. The agreement is valid until May 29,
2017.
95
30 On June 11, 2012, PGASSOL has entered into Joint Operation (JO)
Agreement with PT Promatcon Tepatguna (PT), for the assignment of
Engineering, Procurement and Construction (EPC) Upgrading Muara
Bekasi Station, with participating interest of 40%.
1 Tanah yang terletak sepanjang 536 km jalur pipa transmisi gas dari
Grissik ke Duri masih dalam proses sertifikasi. Selama proses
sertifikasi tanah, terdapat suatu masalah dengan beberapa warga
sekitar Batanghari dan Tanjung Jabung, yang tanahnya dipakai
untuk jaringan pipa Grissik - Duri, dimana mereka menuntut
kompensasi tambahan.
1 The land covering the area along the 536 km natural gas transmission
pipeline from Grissik to Duri is still in the certification process. During
the land certification process, there have been disputes with several
inhabitants of the land in Batanghari and Tanjung Jabung used for the
Grissik - Duri pipeline, who are claiming additional compensation.
96
untuk
membayar
sebesar
b. Requires the Company to pay CRWs law service fees and other
expenses during arbitration process amounting to USD428,009.
On December 30, 2011, the Company through its legal counsel filed
answer and a counterclaim on Request for Arbitration from CRW to
ICC. On the counter - claim, the Company requested the ICCs
Arbitral Tribunal to evaluate and revise the liability that should be paid
by the Company. On June 8, 2012, the Company submitted the
Statement of Defence to ICC Arbitration.
97
On July 26, 2011, West Jakarta State Court has rendered a verdict as
follows: In exception, stated the proposed exception by Defendant I,
II, III and IV is not acceptable. In the principle case:
Meminta Terlapor
Rp4.000.000.000;
untuk
membayar
denda
sebesar
to
pay
the
Meminta Terlapor
Rp6.000.000.000.
II
untuk
membayar
denda
sebesar
II
to
pay
the penalty
penalty
amounting
to
amounting to
On April 18, 2011, the Company has filed an appeal to the District
Court of West Jakarta on KPPU decision. On March 26, 2012, West
Jakarta Disctrict Court has rendered its verdict to reject the whole
objection from the objection applicant.
On May 31, 2013, the Supreme Court has issued a decision that
rejected the appeal submitted by the Company and PT Kelsri.
5 On June 7, 2012, the Company received Warning Letter No. 015/SRPSI/VI/12 from law firm hired by Mr. M. Rimba Aritonang regarding the
claim of Intellectual Property Rights of industrial design protection
pipe connections used. Because of this case, the Company is sued
amounting to Rp100,000,000,000.
98
On May 23, 2013, the plaintiff has filed a Cassation to The Supreme
Court through the Chairman of the Commercial Court at the Central
Jakarta District Court. Based on Memory Cassation filed by The
Plaintiff, on June 8, 2013 The Company has filed a Counter against
the cassation.
On July 16, 2014, Supreme Court has issued an final award which
said that the Cassation was rejected, so that the case is in status quo.
7 The Company is named as one of Defendant III in case No. 599/Pdt6/2013/PN.Mdn, dated October 18, 2013, filed to the Medan District
Court, regarding dispute of 6,045m2 lands ownership located in Jl.
Yos Sudarso, Glugur Kota, Kecamatan Medan Barat, Medan. This
claim was filed by PT Perusahaan Listrik Negara (Persero) (PLN) Unit
Induk Pembangunan I Medan as the Plaintiff for T.M Chaldoon
Alrasyid as Defendant I, Ananda Kumar as Defendant II and the
Company as Defendant III.
On September 11, 2014, Medan District Court has issued a ruling that
essentially:
99
On March 19, 2014, MPE refiled a claim in the West Jakarta District
Court with case No. 127/Pdt.G/2014/PN.Jkt.Bar, against PT Remaja
Bangun Kencana as Defendant I, PT Winatek Widita as Defendant II,
PT Citra Panji Manunggal as Co-defendant I and the Company as Codefendant II. The amount claimed by the Plaintiff to the Company
amounted to Rp281,509,773 per month since the registration of
lawsuit until the decision is legally enforceable and Rp 10 million per
day of delay of the decision implementation since the decision is
awarded.
On April 30, 2014, the Tanjung Pinang Administrative Court has given
the verdict No. 16/G/2013/PTUN-TPL of this case with the following
decisions:
sebagai
Kehutanan
Penggugat
Republik
100
The management of the Group and their legal counsels believe that
the above mentioned cases individually or in the aggregate will not
have any material adverse effects on the financial condition or results
of operations. The management believes that the Group can win
these cases.
12 On September 29, 2014, the Company extended the Non Cash Loan
facility agreement which consist of Standby Letter of Credit (SBLC),
Guarantee Bank, SKBDN and L/C Import, obtained from PT Bank
Mandiri (Persero) Tbk with a maximum limit of USD300,000,000. The
facility will mature on August 26, 2015. Furthermore, the Company
shall also maintain debt service ratio at minimum of 130% and debt to
equity ratio at maximum of 300%. As of September 30, 2014, the
facility which has not been used amounted to USD160,302,693.
14 On January 27, 2014, the Company has extended the Non Cash Loan
(NCL) facility from PT Bank Negara Indonesia (Persero) Tbk which
consists of Standby Letter of Credit (SBLC), Bank Guarantee, Letter
of Credit (L/C) and SKBDN with a maximum limit of USD140,000,000.
The facility will mature on December 18, 2014. Furthermore, the
Company shall also maintain current ratio not less than 1 time, debt to
equity ratio at a maximum 3 times and EBITDA to interest not less
than 200%. As of September 30, 2014, the facility that has not been
used amounted to USD106,945,806.
101
As of the date of September 30, 2014, the Company has not drawn on
this credit facility. This loan has a term of 5 years with a grace period
of 1 year. The loan bears interest at LIBOR plus 2.25% (all in cost) for
the onshore portion and LIBOR plus 2% (all in cost) for the portion of
the Offshore.
ABANDONMENT
AND
SITE
42 ASSET
OBLIGATIONS AND OTHER PROVISIONS
RESTORATION
Saldo awal
Penambahan periode berjalan
Pembalikan dari efek diskonto
61,757,639
(1,967,028)
73,760,821
Saldo akhir
Rekening yang dicadangkan
Saldo akhir, neto
102
Beginning balance
Addition during the period
The unwinding of the effect of discounting
(26,610,860)
Ending balance
Escrow account
47,149,961
ABANDONMENT
AND
SITE
RESTORATION
42 ASSET
OBLIGATIONS AND OTHER PROVISIONS (continued)
The current estimates for the asset abandonment and site restoration
obligations were determined by management, not by an independent
consultant. Management believes that the accumulated provisions as
of the dates of the interim consolidated statements of financial
position are sufficient to meet the environmental obligations resulting
from future site restoration and asset abandonment.
The discount rate of 4.9% and 5.2% was used in the calculation of the
position as of September 30, 2014 and December 31, 2013,
respectively.
MANAJEMEN RISIKO
RISK MANAGEMENT
Kelompok
Usaha
mendefinisikan
risiko
keuangan
sebagai
kemungkinan kerugian atau laba yang hilang, yang disebabkan oleh
faktor internal dan eksternal yang berpotensi negatif terhadap
pencapaian tujuan Kelompok Usaha.
103
a. Credit Risk
Credit risk is the risk of suffering financial loss, when the Groups
customers fail to fulfill their contractual obligations to the Group.
Credit risk arises mainly from trade receivables from the sale of gas to
customers.
Jaminan
Deposits
53,546,522
40,643,431
399,809,776
With respect to credit risk arising from the other financial assets,
which comprise cash and cash equivalent, the Companys and
Subsidiaries exposure to credit risk arises from default of the
counterparty. The Group has a policy not to place investments in
instruments that have a high credit risk and only put the investments
in banks with a high credit ratings.The maximum exposure equal to
the carrying amount as disclosed in Notes 8, 9 and 13.
104
The following table breaks down the Groups credit exposure at their
carrying amounts, as categorised by geographical region as of
September 30, 2014. For this table, the Group has allocated
exposures to regions based on the geographical area which activities
are undertaken.
2014
Jawa
Sumatera
259,605,228
46,014,595
47,903,271
40,643,431
5,643,251
-
348,151,930
51,657,846
Tidak mengalami
penurunan nilai/
Non impaired
Piutang usaha
Distribusi
Transmisi
Minyak dan gas
Operasi lainnya
Total
224,033,988
14,762,940
37,168,503
16,353,716
25,314,810
6,280,956
16,790
270,392,694
53,539,009
Dikurangi:
Cadangan kerugian penurunan nilai
Neto
(18,311,880)
270,392,694
35,227,129
Jumlah/ Total
261,202,491
31,116,656
25,314,810
6,297,746
323,931,703
Trade receivables
Distribution
Transmission
Oil and gas
Other operations
Total
Less:
Allowance for impairment
(18,311,880) losses
305,619,823
Net
b. Risiko Pasar
b. Market Risk
Risiko tingkat bunga arus kas adalah risiko dimana arus kas masa
depan dari suatu instrumen keuangan berfluktuasi karena perubahan
suku bunga pasar.
Cash flow interest rate risk is the risk that the future cash flows of a
financial instrument will fluctuate because of changes in market
interest rates.
105
The Group also enters into interest rate swaps to match the interest
rate risk associated with the variable-rate long-term debt, however no
hedge accounting is applied.
Bunga tetap/
Fixed rate
Financial Liabilities
Liabilitas Keuangan
Pinjaman jangka panjang jatuh
tempo dalam waktu satu tahun
7,434,578
100,464,079
1,079,276
454,119,971
37,500,000
17,333,733
Bonds payable
Utang obligasi
Total
1,331,883,856
1,793,438,405
137,964,079
18,413,009
Total
As of September 30, 2014, had the interest rate of the loans been 50
basis points higher/lower with all other variables held constant,
income before tax for the year then ended would have been
USD2,503,649 lower/higher, mainly as a result of higher/lower interest
expense on loans with floating interest rates.
Risiko mata uang asing adalah risiko atas perubahan nilai tukar Dolar
Amerika Serikat sebagai mata uang pelaporan terhadap mata uang
asing, khususnya Rupiah dan Yen Jepang. Risiko ini muncul
disebabkan aset dan kewajiban dan transaksi operasional Kelompok
Usaha didominasi oleh mata uang asing sehingga pelemahan Dolar
Amerika Serikat terhadap mata uang asing tersebut dapat secara
negatif mempengaruhi pendapatan dan kinerja Kelompok Usaha.
Foreign exchange risk is the risk that arise from the changes of
exchange rate of US Dollar as reporting currency against foreign
currencies, especially Rupiah and Japanese Yen. Assets, liabilities
and operational transactions of the Group are denominated in foreign
currencies, therefore, weakening of US Dollar will influence revenue
and financial performance of the Group.
Risiko mata uang asing adalah risiko dimana nilai wajar dari arus kas
masa depan dari instrumen keuangan akan berfluktuasi yang
disebabkan perubahan nilai tukar mata uang asing. Dampak fluktuasi
tingkat mata uang asing Kelompok Usaha terutama berasal dari Dolar
Amerika Serikat dan Yen Jepang yang didenominasi dari piutang
usaha, utang usaha dan pinjaman jangka panjang.
Foreign exchange rate risk is the risk that the fair value or future cash
flows of a financial instrument will fluctuate because of changes in
foreign exchange rates. The Groups exposure to exchange rate
fluctuations results primarily from US Dollar and Japanese Yen which
denominated from trade receivables, trade payables and longterm
loans.
106
Pada tanggal 30 September 2014, jika nilai tukar Dolar Amerika Serikat
terhadap mata uang asing meningkat sebanyak 10% dengan semua
variabel konstan, laba sebelum manfaat (beban) pajak untuk periode
yang berakhir pada tanggal tersebut lebih rendah sebesar
USD13.230.811, terutama sebagai akibat kerugian/keuntungan
translasi kas dan setara kas dan pinjaman dalam mata uang asing,
sedangkan jika nilai tukar Dolar Amerika Serikat terhadap mata uang
asing menurun sebanyak 10%, maka laba sebelum manfaat (beban)
pajak untuk periode yang berakhir pada tanggal tersebut lebih tinggi
sebesar USD16.170.991.
The Group has investment in bonds which the fair value of these
investments are affected by the market price risk. The Group
manages this risk through diversification the investments. Board of
Directors reviews and approves all short-term investments decision.
c. Risiko Likuiditas
c. Liquidity Risk
Liquidity risk is the risk that the Group is unable to meet its obligations
when they fall due. Group evaluate and monitor cash-in flow and cashout flow to ensure the availability of fund to settle the due obligation.
In general, fund needed to settle the current and long-term liabilities is
obtained from settlement of trade receivables from the customer with
one month credit term.
Sewaktu-waktu
Dalam Waktu 1
dan Dalam Waktu
sampai dengan 5
1 Tahun/ On
Tahun/ Within 1 to 5
Demand and
Years
Within 1 Year
Jumlah/ Total
Financial Liabilities
Liabilitas Keuangan
Utang usaha
Utang lain-lain
Liabilitas yang masih
harus dibayar
Utang derivatif
Pinjaman jangka panjang
Utang obligasi
Total
146,100,928
146,100,928
44,204,824
44,204,824
Trade payables
Other payables
117,064,609
117,064,609
Accrued liabilities
derivative payable
Long-term loans
Bonds payable
108,977,933
416,348,294
7,460,965
7,460,965
508,953,704
617,931,637
1,331,883,856
1,331,883,856
1,848,298,525
2,264,646,819
107
Total
Manajemen Modal
Capital Management
As of September 30, 2014, the Groups debt to equity ratio and debt
service ratio accounts are as follows:
30 September 2014/
September 30, 2014
(Tidak Diaudit)/
(Unaudited)
108,977,933
508,953,704
Utang obligasi
1,331,883,856
Bond payables
Total utang
1,949,815,493
Total debt
Total ekuitas
2,806,956,409
Total equity
0.69
44 FINANCIAL INSTRUMENTS
44 INSTRUMEN KEUANGAN
Aset keuangan Kelompok Usaha meliputi kas dan setara kas dan
setara kas, kas yang dibatasi penggunaannya, investasi jangka
pendek, piutang usaha - neto dan piutang lain-lain - neto yang timbul
dari kegiatan usahanya. Liabilitas keuangan Perusahaan dan entitas
anak meliputi utang usaha, utang lain-lain, liabilitas yang masih harus
dibayar, utang derivatif, pinjaman jangka panjang jatuh tempo dalam
waktu satu tahun dan pinjaman jangka panjang setelah dikurangi
bagian jatuh tempo dalam waktu satu tahun yang tujuan utamanya
untuk pembiayaan kegiatan usaha.
The tables sets forth the carrying values and estimated fair values of
the Groups financial instruments that are carried in the consolidated
financial position as of September 30, 2014:
2014
Nilai tercatat/
Carrying Amount
Aset Keuangan
Kas dan setara kas
Kas yang dibatasi penggunaannya
Investasi jangka pendek
Piutang usaha - neto
Piutang lain-lain - neto
Piutang lain-lain jangka panjang
1,221,156,272
1,221,156,272
102,112
102,112
92,132,418
305,619,823
92,132,418
305,619,823
53,546,522
53,546,522
40,643,431
40,643,431
Total
1,713,200,578
1,713,200,578
Total
108
Liabilitas Keuangan
Utang usaha
Utang lain-lain
Liabilitas yang masih harus dibayar
Utang derivatif
Pinjaman jangka panjang jatuh
tempo dalam waktu satu tahun
Pinjaman jangka panjang setelah dikurangi bagian jatuh
tempo dalam waktu satu tahun
Utang obligasi
Total
146,100,928
146,100,928
44,204,824
117,064,609
44,204,824
117,064,609
7,460,965
7,460,965
Trade payables
Other payables
Accrued liabilities
Derivative payable
108,977,933
108,977,933
508,953,704
508,953,704
1,331,883,856
1,331,883,856
2,264,646,819
2,264,646,819
Total
Nilai wajar aset dan liabilitas keuangan disajikan dalam jumlah di mana
instrumen tersebut dapat dipertukarkan dalam transaksi kini antara
pihakpihak yang berkeinginan (willing parties ), bukan dalam
penjualan akibat kesulitan keuangan atau likuidasi yang dipaksakan.
The fair values of the financial assets and liabilities are presented at
the amounts which instrument could be exchanged in a current
transaction between willing parties, not in a forced sale or liquidation.
1 Kas dan setara kas, kas yang dibatasi penggunaannya, piutang usaha neto dan piutang lain-lain - neto.
All of the above financial assets are due within 12 months, thus the
carrying value of the financial assets approximate the fair values of
the financial assets.
2 Short-term investment
pada
harga
kuotasian
yang
3 Utang usaha, utang lain-lain dan liabilitas yang masih harus dibayar.
All of the above financial liabilities are due within 12 months, thus the
carrying value of the financial liabilities approximate their fair value.
All of the above financial liabilities are liabilities with floating and fixed
interest rates which are adjusted in the movements of market interest
rates, thus the carrying values of the financial liabilities approximate
their fair values.
5 Utang derivatif
Nilai wajar dari kewajiban keuangan ini diestimasi dengan
menggunakan teknik penilaian yang wajar dengan nilai input pasar
yang dapat diobservasi.
5 Derivative payable
Fair value of this financial liability is estimated using appropriate
valuation techniques with market observable inputs.
109
Bukti terbaik dari nilai wajar adalah harga yang dikuotasikan (quoted
prices ) dalam sebuah pasar yang aktif. Jika pasar untuk sebuah
instrumen keuangan tidak aktif, entitas menetapkan nilai wajar dengan
menggunakan metode penilaian. Tujuan dari penggunaan metode
penilaian adalah untuk menetapkan harga transaksi yang terbentuk
pada tanggal pengukuran dalam sebuah transaksi pertukaran yang
wajar dengan pertimbangan bisnis normal.
Total/Total
92,132,418
92,132,418
Total/Total
92,132,418
92,132,418
7,460,965
7,460,965
Total/Total
7,460,965
7,460,965
110
45 ASSETS AND
CURRENCIES
Ekuivalen Dolar AS
Liabilitas dalam Rupiah
Utang usaha
Utang lain-lain
Liabilitas imbalan kerja jangka pendek
Liabilitas yang masih harus dibayar
Utang pajak
Sub total
Liabilitas dalam Yen Jepang
Liabilitas yang masih harus dibayar
Pinjaman jangka panjang - setelah dikurangi bagian jatuh
tempo dalam waktu satu tahun
Sub total
Total Liabilitas
Ekuivalen Dolar AS
LIABILITIES
DENOMINATED
IN
FOREIGN
Rp 2,621,250,641,032
Rp
95,000,000,000
Rp
662,741,790,994
Rp
458,453,713,298
Rp
70,904,151,025
Rp 3,908,350,296,349
JPY
823,305,789
JPY
823,305,789
SGD
90,966
SGD
5,527
SGD
96,493
Rp 3,908,350,296,349
SGD
96,493
Assets in Rupiah
Cash and cash equivalents
Short-term investment
Trade receivables-net
Other receivables-net
Advances
Sub-total
Assets in Japanese Yen
Cash and cash equivalents
Sub-total
Assets in Singapore Dollar
Cash and cash equivalents
Other receivables-net
Sub-total
Total Assets
JPY
823,305,789
USD
327,648,087
Rp
103,766,789
Rp
267,712,819,663
Rp
234,572,151,900
Rp
Rp
94,542,064,696
114,390,496,028
Rp
711,321,299,076
Liabilities in Rupiah
Trade payables
Other payables
Short-term employees benefits liabilities
Accrued liabilities
Taxes payable
Sub-total
JPY
17,849,604
JPY
45,346,863,000
JPY
45,364,712,604
Rp
711,321,299,076
JPY
45,364,712,604
USD
473,187,004
US Dollar equivalents
Total Liabilities
US Dollar equivalents
Most purchases of gas in US Dollar are also sold in US Dollar, thus
naturally hedging the related foreign currency exposures. Currently,
liabilities denominated in foreign currency arising from financing
activities are not hedged.
111
46 SEGMENT INFORMATION
Tabel berikut menyajikan informasi pendapatan dan laba dan aset dan
liabilitas tertentu sehubungan dengan segmen operasi Kelompok
Usaha:
The following table represents revenue and profit, and certain asset
and liability information regarding the Groups operating segments:
112
Distribusi/
Distribution
Transmisi
Exploration and
production of oil and gas
/Transmission
Operasi Lainnya/
Konsolidasi/
Consolidation
Other Operations
PENDAPATAN NETO
Pendapatan
NET REVENUES
Eliminasi penjualan
2,296,925,017
(160,292,364)
159,140,672
(16,033,302)
219,358,588
-
55,640,420
(41,182,038)
2,731,064,697
(217,507,704)
Pendapatan Neto
2,136,632,653
143,107,370
219,358,588
14,458,382
2,513,556,993
125,283,449
-
24,754,007
14,163,326
2,683,685
6,809,868
48,410,886
22,667,402
5,968,977
29,478
457,725
29,123,582
(14,805,833)
(1,809,767)
Biaya Penyusutan
31,951,222
87,562,547
8,853
3,515,849
123,038,471
Lain-lain
Eliminasi biaya lain-lain
39,346,002
30,879,240
3,465,026
39,523,029
113,213,297
Beban Segmen
Beban Pokok Pendapatan
Eliminasi beban pokok pendapatan
Net Revenues
Segment Expenses
1,485,428,174
(199,415,418)
1,610,711,623
(199,415,418)
Revenues
Revenues elimination
Cost of revenues
Cost of revenues elimination
Salaries and employees'
benefits
Repairs and maintenance
Repairs and maintenance
Laba Segmen
(16,615,600)
(8,248,107)
1,381,677,449
(5,622,688)
131,141,635
131,470,491
50,306,471
(13,870,795)
1,694,596,046
754,955,204
11,965,735
87,888,097
(35,848,089)
818,960,947
expenses elimination
Depreciation
Others
Other expenses elimination
Total Segment expenses
Segment Profit
Unallocated expenses of the
69,825,613
(2,996,454)
Pendapatan lain-lain
Beban lain-lain
22,056,440
(4,512,390)
Laba Operasi
769,675,838
Pendapatan keuangan
Beban keuangan
(44,285,337)
20,155,787
- Neto
15,795,274
(Beban) Pajak
790,692,266
Benefit (Expense)
Tax Benefit (Expense)
- Pajak Kini
(148,605,478)
(30,407,006)
(179,012,484)
- Pajak Tangguhan
Beban pajak - Neto
Laba Periode Berjalan
611,679,782
Currrent
Deffered
Tax Expense - Net
Profit for The Period
Other Comprehensive
Perode Berjalan
Aset keuangan tersedia untuk dijual
6,679,800
Kerugian aktuaria
(7,021,032)
(10,329,445)
Sub-total
(10,670,677)
1,490,934
statements of a Subsidiary-net
Sub-total
Income tax effect
Total Other Comprehensive
Setelah Pajak
(9,179,743)
602,500,039
113
Profit for
The Period Attributable to:
591,795,605
19,884,177
Non-controlling interests
611,679,782
Total
Total
582,665,400
Kepentingan Nonpengendali
Total
19,834,639
602,500,039
INFORMASI LAINNYA
Aset Segmen
586,743,783
1,086,172,604
1,627,084,947
123,568,657
3,423,569,991
Segment Assets
Unallocated assets of the
1,993,792,691
5,417,362,682
32,956,828
23,022,308
202,538,776
6,738,865
265,256,777
2,345,149,496
Total Consolidated
Dikonsolidasikan
Pengeluaran Modal
Segment Liabilities
Unallocated liabilities of the
Company and Subsidiaries
34,732,909
9,027,829
1,280,259,144
270,699,093
2,610,406,273
Liabilities
1,594,718,975
Capital Expenditures
Distribusi/
Distribution
Transmisi
/Transmission
Exploration and
production of oil and gas
Operasi Lainnya/
Other Operations
Konsolidasi/
Consolidation
PENDAPATAN NETO
NET REVENUES
Pendapatan
Eliminasi penjualan
2,174,480,670
Pendapatan Neto
2,032,235,322
140,777,598
17,319,568
10,685,880
2,201,018,368
1,311,389,153
12,349,731
1,323,738,884
25,226,982
13,942,660
2,216,014
5,177,444
46,563,100
19,114,429
5,840,323
15
578,951
25,533,718
(11,585,919)
95,877,812
29,410,318
18,331
2,745,353
3,019,506
21,554,010
134,031,906
87,553,537
(1,614,757)
142,524,922
17,329,444
30,329,911
(9,339,949)
1,429,943,206
(19,644,031)
771,075,162
Segment Profit
80,451,879
(142,245,348)
173,820,116
17,319,568
(33,042,518)
41,177,866
(30,491,986)
2,406,798,220
(205,779,852)
Beban Segmen
Beban Pokok Pendapatan
Eliminasi beban pokok pendapatan
Biaya Pemeliharaan
Eliminasi biaya pemeliharaan
Biaya Penyusutan
Lain-lain
Eliminasi biaya lain-lain
Jumlah beban segmen
Laba Segmen
Net Revenues
Segment Expenses
(166,552,071)
(166,552,071)
Revenues
Revenues elimination
Cost of revenues
Cost of revenues elimination
Salaries and employees'
(10,654,485)
35,116,257
33,843,856
(7,725,192)
1,239,758,929
792,476,393
(931,434)
(1,747,324)
(9,876)
(1,401,070)
8,136,592
Beban lain-lain
(2,562,211)
Laba Operasi
697,598,734
114
benefits
Depreciation
Others
Others elimination
Total Segment expenses
Expenses elimination
Others income
Others expense
Operating Income
Pendapatan keuangan
Beban keuangan
20,922,199
(13,882,813)
Gain (loss) on
- Neto
58,118,560
(Beban) Pajak
840,526,286
- Pajak Tangguhan
Beban pajak - Neto
Laba Periode Berjalan
666,460,760
Currrent
Deffered
Tax Expense - Net
Profit for The Period
Other Comprehensive
Perode Berjalan
(15,660,954)
Kerugian aktuaria
16,172,806
Available-for-sale financial
assets
Actuarial losses
Difference in foreign currency
translation in financial
(10,759,816)
(10,247,964)
(3,158,035)
statements of a Subsidiary-net
Sub-total
Income tax effect
Total Other Comprehensive
Setelah Pajak
(13,405,999)
Periode Berjalan
653,054,761
641,610,828
Profit for
kepada:
Pemilik Entitas Induk
Kepentingan Nonpengendali
24,849,932
666,460,760
Total
Non-controlling interests
Total
Total
Comprehensive for the period
627,631,646
25,423,115
Non-controlling interests
Total
653,054,761
INFORMASI LAINNYA
556,913,870
1,164,054,687
529,114,072
69,879,816
2,319,962,445
Segment Assets
Unallocated assets of the
29,604,050
92,957,177
9,136,934
1,998,048,093
4,318,010,538
174,398,244
Segment Liabilities
Unallocated liabilities of the
1,482,797,742
Dikonsolidasikan
Pengeluaran Modal
Benefit (Expense)
Tax Benefit (Expense)
- Pajak Kini
Liabilitas Segmen
Aset Segmen
Finance Income
Finance expenses
44,483,621
20,822,679
554,627,926
260,807,671
1,657,195,986
Liabilities
880,741,897
Capital Expenditures
115
Nilai Tercatat
Aset Segmen/
Pendapatan Neto/
Uraian/Descriptions
Carrying Value of
Net Revenues
Segment Assets
Kantor Pusat/Holding
SBU Distribusi Wilayah I, Jawa Bagian Barat/SBU Distribution I, West Java
SBU Distribusi Wilayah II, Jawa Bagian Timur/SBU Distribution II, East Java
SBU Distribusi Wilayah III, Sumatera Bagian Utara/SBU Distribution III, North Sumatera
SBU Transmisi Sumatera - Jawa/SBU Transmission Sumatera Jawa
Transgasindo/Transgasindo
PGASKOM/PGASCOM
PGASSOL/PGASSOL
Saka Energi Indonesia/Saka Energi Indonesia
Gagas Energi Indonesia/Gagas Energi Indonesia
95,209,006
1,671,338,942
299,271,008
447,750,274
61,046,751
15,328,021
6,682,592
157,650,886
37,111,491
4,660,997
24,471,085
626,393,805
4,713,021
118,408,529
457,464,571
4,314,808
5,776,938
8,681,446
12,276,868
28,960,112
3,822,231
1,108,456
219,358,588
1,627,084,947
1,280,259,144
8,599,571
43,149,495
8,061,299
80,460,336
170,559,400
1,871,341
3,423,569,991
1,594,718,975
2,513,556,993
For the period ended September 30, 2013 and December 31, 2013
Penambahan Aset Tetap dan
Properti Minyak dan Gas /
Additions to Fixed Assets and
Oil and Gas Properties
Nilai Tercatat
Aset Segmen/
Pendapatan Neto/
Uraian/Descriptions
Carrying Value of
Net Revenues
Kantor Pusat/Holding
Segment Assets
-
258,801,156
1,553,189,037
311,052,789
412,442,032
64,676,681
18,683,265
12,354,109
157,274,819
41,055,580
10,556,329
11,950,486
668,109,407
12,339,516
128,372,809
493,277,481
8,483,163
8,005,560
2,680,320
14,683,937
25,834,588
277,292
1,712,540
17,319,568
529,114,072
554,627,926
11,172,980
41,407,376
2,889,918
29,361,291
16,683
2,201,018,368
2,319,962,445
880,741,897
116