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MDA Jun23.pdf

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PT Medco Power Indonesia         Tel +62-21 2995 3300
The Energy Building 8th Floor    Fax +62-21 2995 3301
Jl. Jend. Surdirman Kav. 52-53   www.medcopower.co.id
SCBD Lot. 11A
Jakarta 12190, Indonesia




                       Penjelasan dan Analisis Manajemen / Management Disclosures and Analysis




    Peningkatan total aset Perusahaan pada 30 Juni       The increase in the Company's total assets on
    2023 dibandingkan 31 Desember 2022 terutama          June 30, 2023, compared to December 31,
    disebabkan aktivitas konstruksi Pembangkit           2022, is primarily due to the construction
    Listrik Tenaga Panas Bumi Ijen (“PLTPB Ijen”)        activities of the Geothermal Power Plant Ijen
    dan Terminal Regasifikasi di Sumbawa.                ("PLTPB Ijen") and the Regasification Terminal
                                                         in Sumbawa.

    Pada bulan Januari 2023, PLTPB Ijen                  In January 2023, PLTB-Ijen awarded with the
    mendapatkan pernyataan efektif Perjanjian Jual       effective statement of the Power Purchase
    Beli   Tenaga     Listrik   yang    menjadikan       Agreement, which allowed the Company to start
    Perusahaan dapat mengakui pendapatan                 recognizing construction revenue on PLTB-Ijen
    konstruksi atas aset konsesi. Atas hal tersebut,     concession assets. As a result, as of June 30,
    per 30 Juni 2023, Perusahaan mencatat aset           2023, the Company accounted concession
    konsesi PLTPB Ijen sebesar Rp1.629 miliar,           assets for PLTPB Ijen amounting to Rp1,629
    dikompensasi dengan penghapusan aset                 billion, compensated by eliminated exploration
    eksplorasi dan evaluasi sebesar Rp1.492 miliar.      and evaluation assets of Rp1,492 billion.

    Adapun atas kegiatan pembangunan Terminal            Regarding the construction of the Regasification
    Regasifikasi di Sumbawa, sampai dengan 30            Terminal in Sumbawa, as of June 30, 2023, the
    Juni 2023, Perusahaan telah mencatat aset            Company accounted assets under construction
    dalam pembangunan sebesar Rp343 miliar,              amounting to Rp343 billion, an increase of
    meningkat Rp163 miliar dari 31 Desember 2022.        Rp163 billion from December 31, 2022.

    Dari sisi pembiayaan, kedua kegiatan tersebut        From financing perspective, both of these
    yang terutama menyebabkan peningkatan total          activities primarily led to an increase in the
    liabilities Perusahaan pada 30 Juni 2023             Company's total liabilities on June 30, 2023, by
    sebesar Rp340 miliar dibandingkan 31                 Rp340 billion compared to December 31, 2022.
    Desember 2022. Kenaikan total liabilities            The increase in total liabilities was mainly due to
    terutama terjadi pada peningkatan utang usaha        an increase in third-party trade payables by
    pihak ketiga sebesar       Rp122 miliar dan          Rp122 billion and the withdrawal of a bank loan
    penarikan pinjaman bank sebesar Rp400 miliar         amounting to Rp400 billion, which was a newly
    yang merupakan fasilitas yang baru diperoleh         obtained facility from PT Bank Mandiri (Persero)
    dari PT Bank Mandiri (Persero) Tbk.                  Tbk.

    Ekuitas Perusahaan selama periode enam bulan         The Company's equity balance during the six-
    yang berakhir pada 30 Juni 2023 menurun              month period ending on June 30, 2023
    sebesar Rp202 miliar, sebagaian besar, adalah        decreased by Rp202 billion, with the majority
    akibat dari rugi selisih kurs penjabaran laporan     being attributed to a loss from the translation of
    keuangan sebesar Rp181 miliar dan bagian rugi        financial statements amounting to Rp181 billion
    kompehensif lainnya dari entitas ventura             and other comprehensive loss from joint venture
    Bersama sebesar Rp62 miliar, setelah sebagian        entities of Rp62 billion, partly compensated with
    dikurangi laba sebelum atribusi ke kepentingan       the profit before attribution to non-controlling
    non-pengendali sebesar Rp57 miliar.                  interests of Rp57 billion.

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