Back to announcement
20231204_BLTZ_Tanggapan atas Permintaan Penjelasan Bursa_31544701_lamp1.pdf
Other Text extracted BLTZSource file signed link, expires in 15 minutes
Extracted text 11
Page 1
No. 069/GLP/DIR/XII/2023 Jakarta, 01 Desember/December 2023
Kepada Yth./To
PT Bursa Efek Indonesia (“BEI”)
Indonesia Stock Exchange Building Tower I Lt. 6
Jl. Jend Sudirman Kav 52-53
Jakarta 12190
Up./Attention : Kepala Divisi Penilai Perusahaan 3
Perihal/Re. : Penyampaian Tanggapan Terhadap Surat IDX Nomor S-
10438/BEI.PP3/11-2023 tanggal 28 November 2023 Perihal
Permintaan Pernjelasan atas Laporan Keuangan Interim Tidak
Diaudit/Responses Submission of IDX Letter Number S-
10438/BEI.PP3/11-2023 on 28 November 2023 Regarding Request
for Explanation of The Financial Statements Consolidated Unaudited
2023.
Dengan Hormat, Dear Sir/Madam,
Menindaklanjuti Surat Bursa Efek Indonesia Pursuant to Indonesia Stock Exchange Letter
Nomor S-10438/BEI.PP3/11-2023 tanggal 28 Number : S-10438/BEI.PP3/11-2023 dated 28
November 2023 perihal Permintaan Penjelasan November 2023 regarding the request for
atas Laporan Keuangan Interim yang Tidak explanation of the Financial Statements
Diaudit 2023 (“Surat IDX”), bersama ini kami Consolidated Unaudited 2023 (“letter IDX”) , we
sampaikan tanggapan Perseroan dalam hereby submit the responses as we enclosed on
lampiran-lampiran surat ini: the appendices to this letter:
Demikian laporan ini kami sampaikan, atas Thus we submit this report, thank you kindly for
perhatiannya kami ucapkan terima kasih. your attention.
Hormat kami/Sincerely,
PT Graha Layar Prima Tbk
Park Seong Ho
Director
Tembusan/Copy:
1. Direktorat Penilaian Keuangan Perusahaan Sektor Jasa, Otoritas Jasa Keuangan (OJK).
Page 2
1. Terdapat peningkatan cukup signifikan pada akun uang muka dan biaya dibayar dimuka per
30 September 2023 sebesar Rp13 miliar, agar dijelaskan rincian dan latar belakang peningkatan
signifikan pada akun uang muka dan biaya dibayar dimuka.
Tanggapan :
Kenaikan signifikan dari Uang Muka dan Biaya Dibayar Dimuka terdapat pada beberapa
pembayaran atas:
Pembayaran dimuka atas Sewa Ruang Bioskop 4,096,942,686
Pembayaran Garansi dari Proyektor dan Sound System 3,013,020,925
Pembayaran atas Pengembangan dan Pemelihataan 2,963,085,576
System ERP dan SAP
Fasilitas Pekerjaan Dinas Management 1,827,894,206
Lainnya 1,957,946,607
13,858,890,000
2. Penjelasan pengakuan atas akun pembelian aset takberwujud - arus kas dari aktivitas investasi per
30 September 2023 sebesar Rp1,3 miliar namun berdasarkan penelaahan kami tidak terdapat
pengakuan aset takberwujud pada laporan posisi keuangan.
Tanggapan :
Pengakuan Aset Tak Berwujud diklasifikasikan kedalam pos asset tidak lancar lainnya, dan atas
penambahan Rp1,3Milliar masuk kedalam klasifikasi akun software – peranti lunak – Aplikasi
CGV Mobile.
3. Penjelasan perbedaan informasi pada pengungkapan rincian pengurangan aset tetap pada CALK 7
– Aset Tetap sebesar Rp48 miliar dibandingkan dengan arus kas investasi – hasil dari penjualan
aset tetap sebesar Rp15 juta, sehingga terdapat selisih sebesar Rp47 miliar.
Tanggapan :
Penurunan dari akun asset tetap didominasi oleh pengurangan asset tetap karena adanya penutupan
bioskop.
4. Penjelasan perbedaan informasi pada pengungkapan antara penurunan nilai total pinjaman sebesar
Rp83 miliar dibandingkan dengan pembayaran pinjaman bank - Arus kas dari aktivitas pendanaan
sebesar Rp56 miliar, sehingga terdapat selisih Rp27 miliar.
Tanggapan :
Rekonsiliasi Mutasi
a. Selisih Kurs Pembayaran Pinjaman tanpa
Contract Swap (744,000,000)
b. Selisih Kurs Pembayaran Pinjaman
Dengan Contract Swap (1,191,676,000)
c. Valuasi dengan Kurs 30 September 2023 (19,150,000,000)
d. Mutasi dengan Arus Kas - Tanpa (55,987,000,000)
e. Mutasi dengan Arus Kas - dengan (6,673,824,000)
Total Mutasi (83,746,500,000)
Page 3
5. Pada periode 30 September 2023, saldo pada akun aset derivatif senilai nihil dimana pada periode
31 Desember 2022 senilai Rp15 miliar. Agar dijelaskan:
a. Rincian dari akun aset derivatif periode 31 Desember 2022.
Tanggapan :
MTM Asset / Loss -
Hedging From Atas Pinjaman Buy Contract (Amount) Contract Rate Reval Rate
(Liabilities / Gain)
1. PT Bank Shinhan Indonesia CGI Holdings Ltd USD 19.250.000 15,050.00 15,675.00 11,718,241,526.43
2. Nomura Financial Investment (Korea) Co., Ltd. The Export Impor KRW 15.000.000.000 11.86 12.15 4,107,168,175.00
Bank of Korea
3. PT Bank Hana Indonesia The Korean USD 2.000.000 15,650.00 15,650.28 573,800.00
Development Bank
15,825,983,501.43
b. Latar belakang periode 30 September 2023 saldo nihil untuk akun aset derivatif senilai.
Tanggapan :
Pada 30 September 2023 untuk Reval Rate dengan Contract Rate nilainya lebih besar Contract
Rate sehingga menjadi Liabilities (Gain) on Derivatif
c. Nature pengakuan akun aset derivatif.
Tanggapan :
Derivatif yang dimiliki GLP merupakan transaksi atas kontrak lindung nilai dari pinjaman mata
uang asing. Aset derivative diakui pada saat kurs MTM (mark to market) lebih besar
dibandingkan dengan kurs yang tercantum di kontrak lindung nilai, dan begitu pula sebaliknya.
d. Penjelasan mengenai pencatatan pengeluaran kas terakait transaksi perolehan aset derivatif
beserta nilai dan akun dalam laporan arus kas.
Tanggapan :
Pengeluaran kas terkait realisasi kontrak nilai yang sudah jatuh tempo, sehingga Perusahaan
wajib untuk melakukan pembelian mata uang asing sejumlah nilai yang disepakati diawal
perjanjian.
6. Pada periode 30 September 2023, saldo pada akun liabilitas derivatif senilai Rp1,5 miliar dimana
pada periode 31 Desember 2022 senilai nihil. Agar dijelaskan:
a. Rincian dari akun liabilitas derivatif periode 30 September 2023.
Tanggapan :
MTM Asset / Loss -
Hedging From Atas Pinjaman Buy Contract (Amount) Contract Rate Reval Rate
(Liabilities / Gain)
1. PT Bank Shinhan Indonesia CGI Holdings Ltd USD 15.750.000 15,105.00 15,268.96 5,641,808,803
2. Nomura Financial Investment (Korea) Co., Ltd. The Export Impor KRW 15.000.000.000 11.86 11.48 (389,457,200)
Bank of Korea
3. PT Bank Hana Indonesia The Korean USD 2.000.000 15,650.00 15,233.62 (6,826,864,160)
Development Bank
(1,574,512,557)
Page 4
b. Nature pengakuan akun liabilitas derivatif.
Tanggapan :
Derivatif yang dimiliki GLP merupakan transaksi atas kontrak lindung nilai dari pinjaman mata
uang asing. Liabilitas derivative diakui pada saat kurs MTM (mark to market) lebih kecil
dibandingkan dengan kurs yang tercantum di kontrak lindung nilai, dan begitu pula sebaliknya.
c. Penjelasan mengenai pencatatan pengeluaran kas terakit transaksi perolehan liabilitas derivatif
beserta nilai dan akun dalam laporan arus kas.
Tanggapan :
Pengeluaran kas terkait realisasi kontrak nilai yang sudah jatuh tempo, sehingga Perusahaan
wajib untuk melakukan pembelian mata uang asing sejumlah nilai yang disepakati diawal
perjanjian.
7. Penjelasan mengenai rincian akun uang muka pembelian aset tidak lancar dan latar belakang
peningkatan akun uang muka pembelian aset tidak lancar per 30 September 2023 sebesar
Rp4,6 miliar namun berdasarkan penelahaan kami tidak tercermin dalam arus kas investasi.
8. Berdasarkan CALK 6 mengenai piutang usaha dan piutang lain-lain, agar dijelaskan:
a. Penjelasan nature pengakuan dan rincian nilai piutang lain-lain per 30 September 2023
sebesarRp8,3 miliar.
Tanggapan :
PT. SINEMA GRAHA CITRA 3,197,099,815
PT. CINEMAXX GLOBAL PASIFIK 2,644,064,100
PT Nusantara Sejahtera Raya 1,323,453,792
PT. JAYA KARYA SEJAHTERA 613,782,266
PT. PANDEGA LAYAR PRIMA 505,510,777
Lain-lain dibawah Rp 500 juta 81,913,950
8,365,824,700
Piutang lain-lain merupakan piutang atas bagi hasil penayangan film dengan exhibitor.
b. Penjelasan Perseroan mengakui provisi atas penurunan nilai piutang usaha dan piutang lain-
lain.
Tanggapan :
Pengakuan provisi atas penurunan nilai piutang usaha dan piutang lain-lain Perusahaan adalah
sebagai ekspektasi kerugian kredit dimasa yang akan datang untuk piutang usaha dan piutang
lain-lain sesuai dengan PSAK 71 – Instrument keuangan.
c. Penjelasan rincian berdasarkan umur piutang untuk akun piutang usaha dan piutang lain-lain.
Tanggapan :
Umur piutang dalam CALK 6 diperhitungkan berdasarkan selisih antara tanggal jatuh tempo
dan tanggal pelaporan, yang dikelompokkan menjadi 6 kelompok (belum jatuh tempo,
Page 5
jatuh tempo antara 1 - 30 hari, jatuh tempo antara 30 - 60 hari, jatuh tempo antara 60 - 120
hari, jatuh tempo antara 120 - 365 hari, dan jatuh tempo lebih dari 365 hari)
9. Sehubungan dengan akun aset tidak lancar lainnya, agar dijelaskan:
a. Rincian dari akun aset tidak lancar lainnya per 30 September 2023 sebesar Rp54 miliar.
Tanggapan :
Hak Cipta 1,648,463,514
Perangkat lunak 1,612,656,333
Deposito 51,285,543,330
Total aset tidak lancar lainnya 54,546,663,177
b. Penjelasan peningkatan akun aset tidak lancar lainnya per 30 September 2023 sebesar Rp11
miliar dibandingkan per 31 Desember 2023.
Tanggapan :
Terkait dengan penjelasan No.2 (Pengakuan Aset Tak Berwujud diklasifikasikan kedalam pos
asset tidak lancar lainnya, dan atas penambahan Rp1,3Milliar masuk kedalam klasifikasi akun
software – peranti lunak – Aplikasi CGV Mobile.)
c. Nature dari akun aset tidak lancar lainnya.
Tanggapan :
Aset tidak lancar lainnya merupakan asset yang memiliki masa manfaat yang terbatas (lebih
dari 1 tahun) dan tidak berwujud.
10. Sehubungan dengan akun ekuitas:
a. Penjelasan peningkatan nilai akumulasi kerugian akibat membukukan rugi kotor yang semakin
meningkat sehingga menggerus nilai ekuitas.
Tanggapan :
Peningkatan nilai akumulasi kerugian diakibatkan oleh persaingan dalam bisnis bioskop yang
semakin ketat karena bertambahnya competitor, dan konten film yang kurang menarik
sehingga belum dapat menghasilkan admission optimal.
b. Peningkatan nilai akumulasi kerugian berpotensi membuat ekuitas Perseroan negative
kedepannya apabila Perseroan terus membukukan kerugian. Agar dijelaskan strategi yang
dilakukan Perseroan agar tidak membukukan ekuitas negatif.
Tanggapan :
Menambahkan lokasi bioskop, memperbanyak jumlah layer, mengurangi bioskop yang tidak
mengalami pertumbuhan dari tahun ke tahun, dan efisiensi terhadap seluruh cost centre
Perusahaan.
Page 6
11. Perseroan masih memiliki utang pajak sebesar Rp15 miliar periode 30 September 2023. Agar
dijelaskan latar belakang masih membukukan utang pajak dan rencana Perseroan untuk melakukan
pemenuhan kewajiban pajak tersebut.
Tanggapan :
Utang Pajak Rp 15 miliar pada periode 30 September 2023 merupakan utang pajak hiburan (Kasda)
dan utang pajak lainnya (PPh 26 dan PPh 4 ayat 2) yang dibayarkan setelah tanggal pelaporan
30 September 2023.
12. Sehubungan dengan akun (kerugian)/keuntungan lain-lain pada laporan laba rugi, agar dijelaskan:
a. Rincian dari akun (kerugian)/keuntungan lain-lain.
Tanggapan :
Pengurangan aset tetap dari penutupan bioskop 13,725,881,615
Pendapatan bagi hasil dengan lembaga keuangan penyedia uang elektronik (6,126,180,469)
Pendapatan lain-lain (19,850,000)
7,579,851,146
b. Penjelasan penurunan signifikan dari akun (kerugian)/keuntungan lain-lain.
Tanggapan :
Penurunan dari akun keuntungan lain lain didominasi oleh kerugian pengurangan asset tetap.
Page 7
1. There is a significant increase in the advance and prepayment expenses account as of September
30 2023 amounting to IDR 13 billion, so that the details and background of the significant increase
in the advance and prepayment.
Response :
Significant increases in advance and prepayment were found in several payments for:
Pembayaran dimuka atas Sewa Ruang Bioskop 4,096,942,686
Pembayaran Garansi dari Proyektor dan Sound System 3,013,020,925
Pembayaran atas Pengembangan dan Pemelihataan 2,963,085,576
System ERP dan SAP
Fasilitas Pekerjaan Dinas Management 1,827,894,206
Lainnya 1,957,946,607
13,858,890,000
2. Explanation of the recognition of the intangible asset purchase account - cash flow from
investment activities as of 30 September 2023 amounted to IDR 1.3 billion, but based on our
review there was no recognition of intangible assets in the statement of financial position.
Response :
Recognition of Intangible Assets is classified into other non-current asset accounts, and with the
addition of IDR 1.3 billion it is included in the software account classification - CGV Mobile
Application.
3. Explanation of differences in information in the disclosure of details of the reduction in fixed assets
in CALK 7 - Fixed Assets amounting to IDR 48 billion compared to investment cash flows -
proceeds from the sale of fixed assets amounting to IDR 15 million, so there is a difference of IDR
47 billion.
Response :
The decrease in fixed asset accounts was dominated by a reduction in fixed assets due to the closing
site of cinemas.
4. Explanation of the difference in information in the disclosure between the decrease in total loan
value of IDR 83 billion compared to bank loan payments - Cash flow from financing activities was
IDR 56 billion, so there is a difference of IDR 27 billion.
Response :
Rekonsiliasi Mutasi
a. Selisih Kurs Pembayaran Pinjaman tanpa
Contract Swap (744,000,000)
b. Selisih Kurs Pembayaran Pinjaman
Dengan Contract Swap (1,191,676,000)
c. Valuasi dengan Kurs 30 September 2023 (19,150,000,000)
d. Mutasi dengan Arus Kas - Tanpa (55,987,000,000)
e. Mutasi dengan Arus Kas - dengan (6,673,824,000)
Total Mutasi (83,746,500,000)
Page 8
5. In the period 30 September 2023, the balance in the derivative asset account was nil, whereas in
the period 31 December 2022 it was worth IDR 15 billion. To explain:
a. Details of derivative asset accounts for the period 31 December 2022.
Response :
MTM Asset / Loss -
Hedging From Atas Pinjaman Buy Contract (Amount) Contract Rate Reval Rate
(Liabilities / Gain)
1. PT Bank Shinhan Indonesia CGI Holdings Ltd USD 19.250.000 15,050.00 15,675.00 11,718,241,526.43
2. Nomura Financial Investment (Korea) Co., Ltd. The Export Impor KRW 15.000.000.000 11.86 12.15 4,107,168,175.00
Bank of Korea
3. PT Bank Hana Indonesia The Korean USD 2.000.000 15,650.00 15,650.28 573,800.00
Development Bank
15,825,983,501.43
b. Background for the period 30 September 2023 zero balance for derivative asset accounts
worth.
Response :
On September 30 2023, for Reval Rate with Contract Rate the value is greater than the Contract
Rate so it becomes Liabilities (Gain) on Derivatives.
c. Nature recognition of derivative asset accounts.
Response :
The derivatives owned by GLP are transactions for hedging contracts from foreign currency
loans. Derivative assets are recognized when the MTM (mark to market) exchange rate is
greater than the exchange rate stated in the hedging contract, and vice versa.
d. Explanation regarding recording cash disbursements related to derivative asset acquisition
transactions along with values and accounts in the cash flow report.
Response:
Cash disbursements are related to the realization of contract values that have matured, so the
Company is obliged to purchase foreign currency at the amount agreed upon at the beginning
of the agreement.
6. In the period 30 September 2023, the balance in the derivative liability account was IDR 1.5 billion,
whereas in the period 31 December 2022 it was worth nil. To explain :
a. Details of the derivative liability account for the period 30 September 2023.
Response :
MTM Asset / Loss -
Hedging From Atas Pinjaman Buy Contract (Amount) Contract Rate Reval Rate
(Liabilities / Gain)
1. PT Bank Shinhan Indonesia CGI Holdings Ltd USD 15.750.000 15,105.00 15,268.96 5,641,808,803
2. Nomura Financial Investment (Korea) Co., Ltd. The Export Impor KRW 15.000.000.000 11.86 11.48 (389,457,200)
Bank of Korea
3. PT Bank Hana Indonesia The Korean USD 2.000.000 15,650.00 15,233.62 (6,826,864,160)
Development Bank
(1,574,512,557)
Page 9
b. Nature recognition of derivative liability accounts.
Response :
The derivatives owned by GLP are transactions for hedging contracts from foreign currency
loans. Derivative liabilities are recognized when the MTM (mark to market) exchange rate is
lower than the exchange rate stated in the hedging contract, and vice versa.
c. Explanation regarding recording cash disbursements related to derivative liability acquisition
transactions along with their values and accounts in the cash flow statement..
Response :
Cash disbursements are related to the realization of contract values that have matured, so the
Company is obliged to purchase foreign currency at the amount agreed upon at the beginning
of the agreement.
7. Explanation of the details of the advance payment account for purchases of non-current assets and
the background to the increase in the advance payment account for purchases of non-current assets
as of September 30 2023 amounting to IDR 4.6 billion, but based on our analysis it is not reflected
in investment cash flows.
8. Based on CALK 6 regarding trade receivables and other receivables, it should be explained:
a. Explanation nature recognition and details of the value of other receivables as of September
30,2023 amounting to IDR 8.3 billion.
Response :
PT. SINEMA GRAHA CITRA 3,197,099,815
PT. CINEMAXX GLOBAL PASIFIK 2,644,064,100
PT Nusantara Sejahtera Raya 1,323,453,792
PT. JAYA KARYA SEJAHTERA 613,782,266
PT. PANDEGA LAYAR PRIMA 505,510,777
Lain-lain dibawah Rp 500 juta 81,913,950
8,365,824,700
Other receivables represent receivables from sharing of film screenings with exhibitor.
b. Explanation The Company recognizes a provision for impairment of trade receivables and
other receivables.
Response :
Recognition of provisions for impairment of the Company's trade receivables and other
receivables is an expectation of future credit losses for trade receivables and other receivables
in accordance with PSAK 71 – Financial Instruments.
Page 10
c. Explanation of details based on the age of receivables for trade receivables and other
receivables accounts.
Response :
Aged receivables in CALK 6 are calculated based on the difference between the due date and
the reporting date, which are grouped into 6 groups (not yet due, overdue between 1 - 30 days,
overdue between 30 - 60 days, overdue between 60 - 120 days, overdue between 120 - 365
days, and overdue by more than 365 days)
9. In relation to other non-current asset accounts, please explain:
a. Details of other non-current asset accounts as of September 30 2023 amounted to IDR 54
billion.
Response :
Copyright 1,648,463,514
Software 1,612,656,333
Deposito 51,285,543,330
Total non-current asset 54,546,663,177
b. Explanation of the increase in other non-current asset accounts as of 30 September 2023
amounting to IDR 11 billion compared to 31 December 2023.
Response :
Related to explanation No.2 (Recognition of Intangible Assets is classified into other non-current asset
accounts, and with the addition of IDR 1.3 billion it is included in the software account classification -
CGV Mobile Application).
c. Nature from other non-current asset accounts.
Response :
Other non-current assets are assets that have a limited useful life (more than 1 year) and are intangible.
10. In relation to equity accounts:
a. Explanation of the increase in the value of accumulated losses due to posting increasing gross
losses, thereby eroding the value of equity
Response :
The increase in the value of accumulated losses was caused by competition in the cinema
business which was getting tighter due to the increase in competitors, and film content which
was less attractive so that it could not produce optimal admission.
b. An increase in the value of accumulated losses has the potential to make the Company's equity
negative in the future if the Company continues to record losses. To explain the strategy carried
out by the Company so as not to record negative equity.
Response :
Adding cinema locations, increasing the number of layers, reducing cinemas that do not
experience growth from year to year, and efficiency in all the Company's cost centers.
Page 11
11. The Company still has a tax debt of IDR 15 billion for the period 30 September 2023. Please
explain the background to still recording tax debt and the Company's plans to fulfill these tax
obligations.
Response :
Tax debt of IDR 15 billion in the period 30 September 2023 represents entertainment tax debt (Kasda) and
other tax debt (PPh 26 and PPh 4 paragraph 2) paid after the reporting date 30 September 2023.
12. In relation to other (loss)/gain accounts in the profit and loss statement, please explain:
a. Details of other accounts (losses)/gains.
Response :
Pengurangan aset tetap dari penutupan bioskop 13,725,881,615
Pendapatan bagi hasil dengan lembaga keuangan penyedia uang elektronik (6,126,180,469)
Pendapatan lain-lain (19,850,000)
7,579,851,146
b. Explanation of significant decrease in other accounts (losses)/gains.
Response :
The decrease in other profit accounts was dominated by losses from reductions in fixed assets.
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.