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Jawaban atas Permintaan Penjelasan
Laporan Keuangan Tahunan Auditan 2022 dan Laporan Keuangan per 30 Juni 2023
PT Buana Lintas Lautan Tbk (“Perseroan”)
1. Merujuk pada laporan keuangan auditan tahun 1. Referring to the audited financial statements for
2021 dan 2022, laporan keuangan Perseroan the year 2021 and 2022, the Company's financial
memperoleh opini wajar dengan pengecualian statements obtained a qualified opinion (WDP).
(WDP). Opini WDP tahun 2021 disebabkan oleh The qualified opinion in 2021 was due to:
karena:
a. Tidak memadainya buk pendukung transaksi a. Insufficient suppor ng evidence for
atas nilai tercatat Kontrak Pengelolaan Dana, transac ons related to the recorded value of
serta dak memadainya penilaian manajemen the Fund Management Contract, as well as
atas kolek bilitas Perjanjian Kontrak inadequate management assessment of the
Pengeloalan Dana. collectability of the Fund Management
Contract Agreement.
Penjelasan Perseroan: Company explana on:
Perseroan yakin nilai pengelolaan dana adalah The Company was confident that the value
sebagaimana tercatat. Perseroan juga dak of fund management was as recorded. The
meragukan kolek bilitas dana yang dikelola. Company also had no doubts to the
collectability of the managed funds.
b. Tidak diperolehnya laporan monitoring b. Management monitoring reports on
manajemen atas covenants perjanjian covenants for short-term and long-term loan
pinjaman jangka pendek dan jangka panjang, agreements was not obtained, as well as the
serta dak diperolehnya laporan rekonsiliasi reconcilia on reports between loan
antara jaminan pinjaman dengan pos-pos aset collateral and fixed asset posi ons and fixed
tetap dan mutasi aset tetap. asset movements.
Penjelasan Perseroan: Company explana on:
Dampak pandemi terhadap industri pelayaran Impact of the pandemic to shipping industry
menurunkan kinerja Perseroan. Oleh karena has weakened the Company's performance.
itu, Perseroan menjadwalkan ulang tata cara Therefore, the Company rescheduled the
pembayaran pinjaman jangka panjang, jangka repayment profile of its long-term loans,
pendek, dan ketentuan pelunasan melalui short-term loans, and the terms of loan
penjualan aset tetap dan pengembalian kepal prepayment through the sale of fixed assets
sewa guna usaha. Per 31 Desember 2021, and redelivery of the leased vessels. As of 31
proses masih berlanjut dan diperkirakan akan December 2021, the process was s ll
selesai di tahun buku 2022 sehingga jawaban ongoing and expected to be completed in
konfirmasi atas beberapa pinjaman jangka the 2022 so that confirma on replies for
panjang baru akan tersedia setelah proses several long-term loans will only be available
selesai. a er the process was completed.
c. Tidak diperolehnya dasar yang memadai atas c. Adequate basis for the recorded amount of
jumlah tercatat pinjaman jangka panjang dari long-term loans from non-bank financial
lembaga keuangan nonbank, sebab terdapat ins tu ons was not obtained, as there was a
selisih USD 2.697.240,00 antara jawaban difference of USD 2,697,240.00 between the
konfirmasi dengan jumlah tercatat. confirma on reply and the recorded
amount.
Penjelasan Perseroan: Company explana on:
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Proses perhitungan dengan lembaga The reconcilia on process with non-bank
keuangan nonbank masih berlangsung untuk financial ins tu ons was s ll ongoing to
disepaka bersama sehingga Perseroan belum reach a mutual agreement. Thus, the
menyetujui untuk membukukan perbedaan Company had not agreed to record the
yang diperoleh dari jawaban konfirmasi difference between the confirma on replies
dengan jumlah tercatat. and the recorded amount.
Sedangkan opini WDP tahun 2022 disebabkan Meanwhile, the qualified opinion (WDP) in 2022
oleh: was due to:
a. KAP berpendapat bahwa pinjaman kepada a. The Public Accoun ng Firm (KAP) opined
lembaga keuangan bank diklasifikasikan that loans from bank financial ins tu ons
sebagai liabilitas jangka pendek karena dak were classified as short-term liabili es due
terpenuhinya covenants rasio keuangan dan to the non-compliance with financial
ketentuan kepatuhan atas jaminan sesuai covenant ra os and collateral compliance
dengan perjanjian pinjaman, sebagaimana provisions as s pulated in the loan
ketentuan SAK. agreements, in accordance with the
Accoun ng Standards (SAK).
Penjelasan Perseroan: Company explana on:
Perseroan telah menjadwalkan ulang tata cara The Company had rescheduled the
pembayaran pinjaman jangka panjang dan repayment profile of both long-term and
pendek dimana Perseroan memprioritaskan short-term loans, with a priority to fulfil the
komitmen untuk melaksanakan kewajiban payment obliga ons related to the
atas pembayaran pinjaman yang telah berhasil successfully restructured loans. The
direstrukturisasi tersebut. Perseroan Company classified its liabili es according to
mengklasifikasikan liabilitas sesuai dengan the ongoing repayment schedule and
jadwal pembayaran dan berkomitmen untuk commi ed to improve its financial
memperbaiki kinerja keuangan agar performance to meet the financial ra o and
memenuhi batasan rasio keuangan dan collateral covenants.
jaminan.
b. Tidak diperolehnya dasar yang memadai atas b. Adequate basis for the recorded amount of
jumlah tercatat pinjaman jangka panjang dari long-term loans from non-bank financial
lembaga keuangan nonbank. ins tu ons was not obtained.
Penjelasan Perseroan: Company explana on:
Selama tahun 2022, beberapa proses During the year 2022, several processes of
perhitungan dan penyelesaian saldo utang calcula on and se lement of outstanding
piutang dengan lembaga keuangan nonbank debts with non-bank financial ins tu ons
telah berhasil diselesaikan, namun have been successfully completed. However
kompleksitas perhitungan dan mekanise due to the complexity of the calcula ons
penyelesaian memerlukan waktu untuk and the mechanism of se lement, the
pembuk an dan kesepakatan. Proses Company required more me for
perhitungan dengan 5 lembaga terkait dengan verifica on and se lement agreement. The
kapal sewa kosong masih berjalan. calcula on process with five ins tu ons
related to bareboat chartered vessels were
s ll in progress.
Atas hal tersebut: Based on the ma er men oned above:
a. Agar dijelaskan rincian pemenuhan covenant a. Please provide detail explana on of the
pinjaman lembaga keuangan bank dengan compliance with loan covenants from bank
mengisi tabel berikut:
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financial ins tu ons by filling in the
following table:
Jumlah Keterangan Keterangan Keterangan
Pinjaman Pemenuhan Pemenuhan pemenuhan
per 31 Des Covenant per 31 Covenant per 31 Covenant per 30
Nama Kreditur 2022 Ketentuan Covenant Des 2021 Des 2022 Jun 2023
No Creditor Name Debt Covenant Provision Descrip on of Descrip on of Descrip on of
Amount as Covenant Covenant Covenant
of 31 Dec Compliance as of Compliance as of Compliance as of
2022 31 Dec 2021 31 Dec 2022 30 Jun 2023
US$
1 PT Bank Panin Tbk 94.488.552 Rasio nilai pasar jaminan Covenant dak Covenant Covenant
dengan outstanding pinjaman terpenuhi terpenuhi terpenuhi
minimal 125%
Security Value to Loan Ra o Covenant was not Covenant complied Covenant complied
minimum 125% complied
Rasio hutang berbunga Covenant dak Covenant Covenant
terhadap ekuitas maksimal 2,5 terpenuhi terpenuhi terpenuhi
kali
Interest bearing debt to Equity Covenant was not Covenant complied Covenant complied
Ra o maximum 2.5 mes complied
Rasio EBITDA terhadap Covenant dak Covenant dak Covenant
pembayaran kewajiban bank terpenuhi terpenuhi terpenuhi
minimal 1 kali
EBITDA to debt service ra o Covenant was not Covenant was not Covenant complied
minimum 1 me complied complied
Current Ra o minimal 1 kali Covenant dak Covenant dak Covenant dak
dengan piutang usaha terpenuhi terpenuhi terpenuhi
dihitung hingga 1 tahun
kedepan
Current Ra o minimum 1 me Covenant was not Covenant was not Covenant was not
which include calcula on of 1 complied complied complied
year future trade receivables
2 PT Bank Sinarmas Tbk 49.931.831 Tidak ada - - -
None
3 PT Bank Negara 3.135.250 Current Ra o minimal 1 kali Covenant dak Covenant dak Covenant dak
Indonesia (Persero) terpenuhi terpenuhi terpenuhi
Tbk
Current Ra o minimum 1 me Covenant was not Covenant was not Covenant was not
complied complied complied
Debt Equity Ra o maksimal Covenant dak Covenant Covenant
2,2 kali terpenuhi terpenuhi terpenuhi
Debt to Equity Ra o maximum Covenant was not Covenant complied Covenant complied
2.2 mes complied
Debt Service Coverage Covenant dak Covenant dak Covenant
minimal 100% terpenuhi terpenuhi terpenuhi
Debt Service Coverage Ra o Covenant was not Covenant was not Covenant complied
minimum 100% complied complied
4 PT Bank Oke Indonesia 8.080.619 Tidak ada - - -
Tbk None
b. Agar disampaikan proforma posisi keuangan b. Please provide the pro forma financial
Perseroan per 31 Maret 2023, 31 Desember posi on of the Company as of March 31,
2022, dan 31 Desember 2021 apabila 2023, December 31, 2022, and December 31,
pinjaman kepada lembaga keuangan bank 2021, if loans from bank financial ins tu ons
diklasifikasikan sebagai liabilitas jangka were classified as short-term liabili es due to
pendek karena dak terpenuhinya covenants non-compliance with financial covenant
rasio keuangan, dengan mengisi tabel ra os by filling in the following table:
berikut:
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31 Desember 31 Desember
KETERANGAN 31 Maret 2023 DESCRIPTION
2022 2021
US$ US$ US$
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 5,703,707 8,550,746 8,038,133 Cash and cash equivalents
Aset keuangan lancar lainnya 145 259 10,277,077 Other current financial assets
Piutang usaha 29,075,075 26,846,467 27,932,083 Trade receivables
Piutang lain-lain 10,168,393 10,911,618 1,855,902 Other receivables
Persediaan 6,282,606 4,822,733 7,204,712 Inventories
Pajak dibayar dimuka 1,876,727 1,757,583 1,497,955 Prepaid tax
Biaya dibayar dimuka dan uang muka 22,978,403 23,274,685 31,228,004 Prepaid expenses and advance
Total aset lancar 76,085,056 76,164,091 88,033,866 Total current assets
ASET TIDAK LANCAR NON-CURRENT ASSETS
Aset pajak tangguhan 186,143 186,143 233,290 Deferred tax assets
Aset tetap 235,543,845 239,058,352 477,464,286 Fixed assets
Goodwill 33,017,000 33,017,000 33,017,000 Goodwill
Aset tidak lancar lainnya 29,149,857 29,149,857 3,199,936 Other non-current assets
Total aset tidak lancar 297,896,845 301,411,352 513,914,512 Total non-current assets
TOTAL ASET 373,981,901 377,575,443 601,948,378 TOTAL ASSETS
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Pinjaman jangka pendek 10,613,214 10,164,562 13,275,824 Short-term loans
Utang usaha 33,228,834 33,747,778 37,414,871 Trade payables
Utang lain-lain 4,577,391 6,755,401 4,721,382 Other payables
Utang pajak 17,914,473 17,401,867 16,612,167 Taxes payable
Beban akrual 7,899,890 7,940,373 18,186,162 Accrued expenses
Liabilitas kontrak - 2,733,726 - Contract liabilities
Pinjaman jangka panjang jatuh tempo Current maturities of long-term
109,386,225 102,253,262 206,165,844
dalam satu tahun loans
Total liabilitas jangka pendek 183,620,027 180,996,969 296,376,250 Total current liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Pinjaman jangka panjang - setelah
Long-term loans - net of current
dikurangi bagian jatuh tempo dalam 61,586,332 75,382,997 191,896,562
maturities
satu tahun
Liabilities for post-employment
Liabilitas imbalan pascakerja 1,888,659 1,888,659 2,501,961
benefits
Total liabilitas jangka panjang 63,474,991 77,271,656 194,398,523 Total non-current liabilities
Total liabilitas 247,095,018 258,268,625 490,774,773 Total liabilities
Modal saham 283,174,570 283,174,570 278,405,143 Share capital
Tambahan modal disetor 88,287,570 88,287,570 86,807,827 Additional paid-in capital
Surplus revaluasi 54,296,147 55,330,887 15,931,837 Revaluation reserves
Defisit (300,916,284) (309,523,121) (271,416,444) Deficit
Total 124,842,003 117,269,906 109,728,363 Total
Dikurangi harga perolehan saham
(635,282) (635,282) (635,282) Less cost of treasury stock
diperoleh kembali
Ekuitas yang dapat diatribusikan Equity attributable to owners of
124,206,721 116,634,624 109,093,081
kepada pemilik entitas induk the parent
Kepentingan non-pengendali 2,680,162 2,672,194 2,080,524 Non-controlling interests
Total ekuitas 126,886,883 119,306,818 111,173,605 Total equity
Current ratio 0.41 0.42 0.30 Current ratio
Acid test ratio 0.19 0.20 0.16 Acid test ratio
c. Analisa manajemen atas risiko likuiditas dan c. Analysis from management of liquidity and
solvabilitas berdasarkan rasio likuiditas dan solvency risk based on liquidity and solvency
solvabilitas apabila liabilitas yang covenant- ra os as if the liabili es with non-compliance
nya belum dipenuhi diklasifikasikan sebagai covenants were classified as short-term
liabilitas jangka pendek. liabili es.
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Penjelasan Perseroan: Company explana on:
Dalam menganalisa risiko likuiditas dan In analyzing the liquidity and solvency risks of
solvabilitas Perseroan, manajemen dak the Company, management does not
memper mbangkan rasio likuiditas dan consider the liquidity and solvency ra os but
solvabilitas namun lebih mengutamakan priori zes cash flow liquidity and works on
kelancaran arus kas dan menggarap prospek the prospect of increasing tanker charter
peningkatan tarif sewa kapal tanker ke depan rates in the future which can improve ra os
yang dapat memperbaiki rasio dan and reduce liquidity and solvency risks.
mengurangi risiko likuiditas dan solvabilitas. Management believes that the classifica on
Manajemen berpendapat pengklasifikasian of long-term liabili es into short-term is
liabilitas jangka panjang menjadi jangka irrelevant in the context of rescheduled
pendek dak relevan dalam konteks liabilitas liabili es and in the process of improving the
yang telah dijadwal ulang dan dalam proses capital structure.
perbaikan struktur permodalan.
d. Pada penjelasan Perseroan atas opini WDP d. In the explana on provided by the Company
Laporan Keuangan per 31 Desember 2021, regarding the qualified opinion on the
Perseroan menyatakan bahwa penjadwalan Financial Statements as of December 31,
ulang tata cara pembayaran pinjaman jangka 2021, the Company stated that the
panjang, jangka pendek, dan ketentuan rescheduling of the repayment profile of
pelunasan melalui penjualan aset tetap dan long-term and short-term loans, as well as
pengembalian kepal sewa guna usaha the terms of se lements through the sale of
diperkirakan akan selesai di tahun buku 2022 fixed assets and redelivery of leased vessels,
sehingga jawaban konfirmasi atas beberapa is expected to be completed in 2022.
pinjaman jangka panjang baru akan tersedia Consequently, confirma on replies from
setelah proses selesai. Apakah seluruh certain long-term loans will only be available
penjadwalan ulang sebagaimana dimaksud a er the process is finalized. Has all the
dalam penjelasan Perseroan atas opini WDP rescheduling, as referred to the Company's
Laporan Keuangan per 31 Desember 2021 explana on regarding the qualified opinion
telah selesai dilakukan? Jelaskan. on the Financial Statements as of 31
December 2021, been completed? Please
elaborate.
Penjelasan Perseroan: Company explana on:
Pada tanggal 19 April 2022 dan 13 Juli 2022, On 19 April 2022 and 13 July 2022, the
Perseroan telah memperoleh persetujuan Company has obtained approval for the
penjadwalan ulang atas hutang dari PT Bank rescheduling of debt from PT Bank Panin Tbk
Panin Tbk dan PT Bank Sinarmas Tbk seper and PT Bank Sinarmas Tbk as stated in Notes
yang telah disampaikan dalam Catatan 18 18 of the 31 December 2022 Annual Financial
Laporan Keuangan Tahunan 31 Desember Report. In addi on, in 2022 the Company has
2022. Selain itu di tahun 2022, Perseroan have also paid off and se led most of the
telah juga telah melunasi dan menyelesaikan loans from non-bank financial ins tu ons
sebagian besar pinjaman dari lembaga resul ng in a decrease of long-term loans
keuangan non-bank sehingga terjadi amount.
penurunan jumlah pinjaman jangka panjang.
e. Oleh karena masih terbawanya saldo e. As the balance of long-term loans from non-
pinjaman jangka panjang dari lembaga bank financial ins tu ons is expected to be
keuangan non-bank selama beberapa tahun carried forward for several years, the
ke depan, agar dijelaskan strategi Perseroan Company should clarify its strategy for
untuk memberikan penjelasan dan buk providing adequate explana ons and
dokumen yang memadai kepada Kantor documentary evidence to the Public
Akuntan Publik (KAP) terkait jumlah tercatat Accoun ng Firm (KAP) regarding the
pinjaman tersebut untuk mencegah recorded amount of these loans to prevent
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terulangnya opini WDP pada laporan the recurrence of qualified opinion in future
keuangan auditan ke depannya. audited financial statements.
Penjelasan Perseroan: Company explana on:
Dalam proses penyelesaian pinjaman jangka In the se lement process of long-term loans
panjang dari lembaga keuangan non-bank, from non-bank financial ins tu ons, the
Perseroan senan asa berusaha untuk Company always endeavor to safeguard the
menjaga kepen ngan para pemegang saham interests of the shareholders and other
dan pemangku kepen ngan Perseroan stakeholders of the Company. The Company
lainnya. Perseroan akan mempercepat proses will expedite the process of calcula ng,
perhitungan, rekonsiliasi, negosiasi dan reconcilia on, nego a on and verifica on of
verifikasi atas saldo pinjaman tersebut the loan balance so that the Public
sehingga Kantor Akuntan Publik dapat Accoun ng Firm can carry out audit
melaksanakan prosedur audit sesuai dengan procedures in accordance with SAK.
SAK.
2. Merujuk pada laporan keuangan auditan tahun 2. Referring to the audited financial statements for
2021 dan 2022, laporan keuangan Perseroan the year 2021 and 2022, the Company's financial
memperoleh penekanan adanya ke dakpas an statements have been emphasized to indicate the
material yang dapat menimbulkan keraguan significant uncertainty that may raise doubts
signifikan atas kelangsungan usaha Perseroan. about the Company's ability to con nue as a going
Penekanan tersebut disebabkan oleh rugi bersih concern. This emphasis is due to the net losses of
USD 230 juta pada tahun 2021 dan USD 309 juta USD 230 million in 2021 and USD 309 million in
pada tahun 2022, serta liabilitas jangka pendek 2022, as well as short-term liabili es exceeding
yang lebih besar dari aset lancar. Agar dijelaskan: current assets. Please provide explana ons for
the following:
a. Strategi Perseroan untuk memperbaiki a. The Company's strategy to improve its future
profitabilitas Perseroan ke depannya. profitability.
Penjelasan Perseroan: Company explana on:
Seluruh usaha perbaikan yang dilakukan oleh All improvement efforts done by the
Perseroan sejak akhir tahun 2021 sampai Company from the end of 2021 to 2022 was
dengan 2022 bertujuan untuk memperbaiki aimed to improve its business performance
kinerja usaha dan mengurangi beban and reduced the financial burden a er being
keuangan setelah terkena dampak pandemi affected by the Covid-19 pandemic in
Covid-19 pada industri pelayaran khususnya shipping industry, especially in interna onal
pada angkutan minyak dan gas internasional. oil and gas transporta on. These efforts are
Usaha tersebut secara bertahap gradually delivering results as can be seen in
membuahkan hasil seper yang dapat dilihat the Company's performance in 2023 through
pada kinerja Perseroan di tahun 2023 melalui the Interim Financial Report 30 June 2023
Laporan Keuangan Interim 30 Juni 2023 where in line with the increase in tanker
dimana seiring dengan terjadinya charter rates since the end of 2022, the
peningkatan tarif sewa kapal tanker sejak Company is able to record opera ng profit
akhir tahun 2022, Perseroan dapat and is believed to con nue throughout 2023.
membukukan laba usaha dan diyakini akan
terus berlanjut selama tahun 2023 ini.
b. Strategi Perseroan untuk memperbaiki b. The Company's strategy to enhance its
likuiditas Perseroan ke depannya. future liquidity.
Penjelasan Perseroan: Company explana on:
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Peningkatan tarif sewa kapal tanker Significant increase in interna onal tanker
internasional yang signifikan sejak akhir charter rates since the end of 2022 has
tahun 2022 telah memberikan arah kebijakan provided a new business policy direc on for
usaha yang baru bagi Perseroan untuk the Company to allocate the tonnage
mengalokasikan kapasitas angkut armada capacity of its fleet to interna onal oil
kapalnya pada angkutan minyak transporta on. This will have a significant
internasional. Hal ini akan memberikan impact on the Company's sources of liquidity
dampak yang signifikan pada sumber from opera onal ac vi es. On top of that, for
likuiditas Perseroan dari ak vitas funding ac vi es, the Company prudently
operasional. Disamping itu untuk ak vitas and ac vely seeks to find new sources of
pendanaan, Perseroan dengan prinsip keha - funding for vessels with more compe ve
ha an ak f untuk mencari sumber-sumber financing cost and lighter repayment profile
pendanaan kapal yang baru dengan biaya so can reduce the Company's liquidity
yang lebih kompe f dan tata cara burden.
pembayaran yang lebih ringan sehingga dak
memberatkan likuiditas Perseroan.
3. Pada tahun 2022 Perseroan melakukan penjualan 3. In 2022, the Company sold of approximately half
terhadap sekitar setengah dari aset tetap of its fixed assets (USD 248 million out of USD 477
Perseroan (USD 248 juta dari USD 477 juta di awal million at the beginning of 2022), which consisted
tahun 2022), yang seluruhnya adalah aset kapal, en rely of vessel assets, resul ng in a loss of USD
dengan kerugian USD 16 juta. Pada tahun 2021 16 million. In 2021, the Company also sold vessels
Perseroan juga melakukan penjualan sebesar USD amoun ng to USD 115 million, incurring a loss of
115 juta kapal dengan kerugian USD 55 juta. Agar USD 55 million. Please explain the following
dijelaskan: points:
a. Latar belakang penjualan aset kapal. a. The ra onale behind the sale of vessel assets.
Penjelasan Perseroan: Company explana on:
Dampak pandemi Covid-19 pada industri The impact of the Covid-19 pandemic on the
pelayaran khususnya pada angkutan minyak shipping industry, especially in interna onal
dan gas internasional menyebabkan oil and gas transporta on, caused a declining
penurunan tarif sewa kapal di pasar in ship charter rates on the interna onal
internasional turun ke ngkat yang paling market to the lowest level in history. In the
rendah sepanjang sejarah. Di tengah midst of uncertainty over this nega ve
ke dakpas an atas dampak nega f tersebut, impact, the Company decided to pay off most
Perseroan memutuskan untuk melunasi of its foreign debt by selling the vessel assets
sebagian besar hutang luar negeri dengan and redelivering the leased vessels to its
menjual aset kapal dan mengembalikan Owners. These efforts are carried out with
kapal-kapal sewa guna usaha kepada the aim to reduce the Company’s opera onal
Pemiliknya. Usaha ini dilakukan dengan deficit and reduce the financial burden in the
tujuan agar Perseroan dapat mengurangi future.
defisit operasional dan mengurangi beban
keuangan ke depannya.
b. Rincian pihak pembeli kapal Perseroan, b. Details regarding the buyers of the
termasuk status afiliasinya dengan Perseroan Company's vessels, including their affilia on
atau manajemen Perseroan. status with the Company or its management.
Penjelasan Perseroan: Company explana on:
Perseroan terikat dengan perjanjian The Company is bound by confiden ality
kerahasiaan dengan pihak Pembeli kapal agreements with the Buyers of the vessels
sehingga dak dapat memberikan rincian therefore cannot provide details on the
atas pihak Pembeli tersebut. Namun Buyers. However, the Company states that
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Perseroan menyatakan bahwa pihak Pembeli the Buyers of the vessels are not affiliated
kapal dak terafiliasi dengan Perseroan dan with the Company and the Company's
manajemen Perseroan. management.
c. Dampak penjualan kapal tersebut terhadap c. The impact of these vessel sales on the
kinerja operasional Perseroan. Company's opera onal performance.
Penjelasan Perseroan: Company explana on:
Penjualan kapal dan pengembalian kapal The sale of vessels and the redelivery of
sewa guna usaha berdampak pada leased vessels have an impact on reducing
penurunan kapasitas angkut armada kapal the tonnage capacity of the Company's fleet
Perseroan sehingga dapat menurunkan so that it can reduce the Company's
Pendapatan Usaha Perseroan. Namun Opera ng Revenues. However, with a smaller
dengan kapasitas armada yang lebih kecil dan fleet capacity and lighter opera ng and
beban usaha dan finansial yang lebih ringan, financial burden, the Company can improve
Perseroan dapat meningkatkan kinerjanya its performance and run its business more
dengan lebih baik dan menjalankan usaha efficiently.
dengan lebih efisien.
4. Pada tahun 2022 Perseroan membukukan 4. In 2022, the Company recorded a loss from the
kerugian pelepasan en tas anak sebesar USD 16 disposal of subsidiaries amoun ng to USD 16
juta. Merujuk CALK 4, sehubungan dengan million. Referring to the Consolidated Annual
penyelesaian pinjaman dari Fleetscape Zantoro Financial Statements Note 4 (CALK), on 19 January
LLC dan Fleetscape Sri Asih LLC, pada tanggal 19 2022, in rela on to the se lement of loans from
Januari 2022 Grup telah melepas kepemilikan Fleetscape Zantoro LLC and Fleetscape Sri Asih
Zantoro Mari me Ltd (ZTM) dan Sri Asih Mari me LLC, the Group disposed of its ownership in
Ltd (SAM) kepada Fleetscape Zantoro LLC dan Zantoro Mari me Ltd (ZTM) and Sri Asih Mari me
Fleetscape Sri Asih LLC. Selain itu, Perseroan juga Ltd (SAM) to Fleetscape Zantoro LLC and
melepas 100% kepemilikan saham di PT Samudra Fleetscape Sri Asih LLC. Addi onally, the Company
Alam Transport kepada pihak ke ga dengan harga also divested its en re 100% shareholding in PT
Rp 750 juta atau setara dengan USD 48.390. Samudra Alam Transport to a third party for a
Berikut merupakan rinciannya: price of IDR 750 million, equivalent to USD
48,390. The details are as follows:
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Agar dijelaskan: Please explain the following:
a. Kontribusi ZTM dan SAM terhadap a. Contribu on of Zantoro Mari me Ltd (ZTM)
pendapatan Perseroan tahun 2021 dan 2022. and Sri Asih Mari me Ltd (SAM) to the
Company's revenue in 2021 and 2022.
Penjelasan Perseroan: Company explana on:
Pendapatan Usaha Perseroan
Total
Pendapatan Usaha (Revenue) ZTM (Company’s Revenue) %
US$
US$
2022 - 113,838,872 -
2021 4,951,064 179,032,246 2.770
Pendapatan Usaha Perseroan
Total
Pendapatan Usaha (Revenue) SAM (Company’s Revenue) %
US$
US$
2022 232,000 113,838,872 0.002
2021 5,192,565 179,032,246 2.900
b. Latar belakang wajib dijualnya ZTM dan SAM b. The reason behind the mandatory sale of
dalam penyelesaian pinjaman tersebut. ZTM and SAM in the se lement of the loans.
Penjelasan Perseroan: Company explana on:
Sehubungan dengan rencana Perseroan In connec on with the Company's plan to pay
untuk melunasi pinjaman jangka panjang dan off its long-term loans and based on the
berdasarkan perjanjian sewa guna usaha bareboat charter agreements between ZTM
antara ZTM dan SAM sebagai Penyewa Kapal and SAM as Bareboat Charterers with
dengan Fleetscape Zantoro LLC dan Fleetscape Zantoro LLC and Fleetscape Sri
Fleetscape Sri Asih LLC sebagai Pemilik Kapal, Asih LLC as Vessel Owners, the redelivery of
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pengembalian kapal sewa guna usaha the leased vessels is carried out by releasing
dilaksanakan dengan melepaskan the ownership of ZTM and SAM by the
kepemilikan ZTM dan SAM oleh Perseroan Company to the Vessel Owners.
kepada Pemilik Kapal.
c. Merujuk pada CALK 18, disebutkan bahwa c. Referring to CALK 18, it is men oned that
bagian dari penyelesaian pinjaman tersebut part of the loan se lement includes the
adalah pengakuan utang neto sebesar USD recogni on of a net liability amoun ng to
629.438 yang harus dibayar selambat- USD 629,438, payable no later than
lambatnya September 2023. Agar dijelaskan September 2023. Please provide an update of
status penyelesaian utang tersebut saat ini. the debt se lement.
Penjelasan Perseroan: Company explana on:
Perseroan telah melaksanakan pembayaran The Company has made payments on the
atas utang tersebut berdasarkan skema debt based on the proposed payment
pembayaran yang diajukan. scheme.
5. Pada tahun 2021 Perseroan membukukan 5. In 2021, the Company recorded a loss from
kerugian atas penarikan investasi sebesar USD 42 investment withdrawal amoun ng to USD 42
juta. Merujuk pada CALK 6 Aset Keuangan Lancar million. Referring to CALK 6 - Other Current
Lainnya, diketahui bahwa kerugian tersebut Financial Assets, it was known that this loss
berasal dari Perjanjian Kontrak Pengelolaan Dana originated from a Contractual Fund Management
dengan Suisse Charter Investment Ltd dengan Agreement with Suisse Charter Investment Ltd,
jangka waktu pengelolaan 1 tahun, yang with a management period of 1 year, which was
kemudian diperpanjang pada tahun 2019 dan later extended in 2019 and 2020. This agreement
2020. Perjanjian ini diakhiri pada tanggal 31 Maret concluded on March 31, 2022. Please provide an
2022. Agar dijelaskan latar belakang penempatan explana on of the ra onale behind placing the
investasi tersebut, serta status afiliasi Perseroan investment and clarify the affilia on status of the
atau manajemen Perseroan dengan Suisse Company or its management with Suisse Charter
Charter Investment Ltd. Investment Ltd.
Penjelasan Perseroan: Company explana on:
Perseroan memilih untuk menempatkan dana The Company chooses to place funds in the form
dalam bentuk Kontrak Pengelolaan Dana untuk of Fund Management Contracts to op mize the
mengop malkan imbal hasil atas dana yang returns on unused funds, especially funds related
belum digunakan terutama dana-dana yang to the Company's capital expenditures. The
terkait dengan belanja modal Perseroan. Company and the Company's management have
Perseroan dan manajemen Perseroan dak no affilia on rela onship with Suisse Charter
memiliki hubungan afiliasi dengan Suisse Charter Investment Ltd.
Investment Ltd.
6. Merujuk pada CALK 18 Pinjaman Jangka Panjang, 6. Referring to CALK 18 - Long-Term Loans, as
sebagai jaminan atas pinjaman terhadap lembaga collateral for loans from non-bank financial
keuangan non-bank, kapal Perseroan telah ins tu ons, the Company's vessels have been
diserahkan kembali kepada kreditur dan sampai redelivered to the creditors, and as of 31
dengan tanggal 31 Desember 2022 kapal belum December 2022, the vessels have not been sold.
dijual. Oleh karena itu, Grup masih menyajikan Consequently, the Group s ll records these
kapal tersebut sebagai bagian aset tetap dan vessels as part of its fixed assets and reports a
menyajikan utang sebesar USD 4.700.000. Agar liability amoun ng to USD 4,700,000. Please
dijelaskan: provide an explana on for the following:
a. Nilai perolehan dan nilai buku bersih kapal a. The acquisi on value and net book value of
yang telah diserahkan kembali kepada the vessels that have been redelivered to the
kreditur. creditors.
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Penjelasan Perseroan: Company explana on:
Nilai perolehan sebesar USD 12.358.426 Acquisi on value was USD 12,358,426
Nilai buku bersih sebesar USD 6.469.151 Net book value is USD 6,469,151
b. Jumlah armada kapal yang dapat digunakan b. The number of vessels in the fleet that are
dalam kegiatan operasional Perseroan saat currently available for the Company's
ini, serta persentasenya terhadap jumlah opera onal ac vi es and their percentage
armada kapal Perseroan per 31 Desember compared to the total number of vessels in
2019 (sebelum pandemi). the Company's fleet as of 31 December 2019
(pre-pandemic).
Penjelasan Perseroan: Company explana on:
Saat ini Perseroan mengoperasikan 22 kapal Currently the Company operates 22 vessels of
dalam berbagai jenis atau 88% dari jumlah various types or 88% of the Company's total
armada Perseroan per 31 Desember 2019 fleet as of 31 December 2019 (before the
(sebelum pandemi). pandemic).
c. Rincian persebaran kapal Perseroan saat ini. c. Details of current loca on of the Company's
vessels.
Jenis Kapal / Jumlah Kapal / Lokasi dan Status saat ini /
No.
Vessel Type Number of Vessels Current Location and Status
Kapal tanker minyak / Beroperasi di dalam dan luar negeri /
1 16
Oil tanker Operates in domestic and international waters
Kapal tanker gas / Beroperasi di dalam negeri /
2 3
Gas tanker Operates in domestic waters
Kapal tanker offshore / Beroperasi di dalam dan luar negeri /
3 3
Offshore tanker Operates in domestic and international waters
d. Dampak operasional penyerahan kapal d. The opera onal impact resul ng from the
tersebut kepada kreditur. redelivery of vessels to the creditors.
Penjelasan Perseroan: Company explana on:
Pengembalian kapal sewa guna usaha The redelivery of leased vessels has an
berdampak pada penurunan kapasitas impact on reducing the tonnage capacity of
angkut armada kapal Perseroan sehingga the Company's fleet so that it can reduce the
dapat menurunkan Pendapatan Usaha Company's Opera ng Revenues. However,
Perseroan. Namun dengan kapasitas armada with a smaller fleet capacity and lighter
yang lebih kecil dan beban usaha dan opera ng and financial burden, the Company
finansial yang lebih ringan, Perseroan dapat can improve its performance and run its
meningkatkan kinerjanya dengan lebih baik business more efficiently.
dan menjalankan usaha dengan lebih efisien.
7. Merujuk laporan arus kas 2022, diketahui bahwa 7. Referring to the 2022 cash flow statement, the
Perseroan membukukan arus kas keluar uang Company recorded an outgoing cash flow for an
muka investasi sebesar USD 28 juta. Merujuk investment down payment amoun ng to USD 28
CALK 13 Aset Tidak Lancar Lainnya, diketahui million. According to CALK 13 – Other Non-
bahwa pada tanggal 20 Desember 2022, en tas Current Assets, on 20 December 2022, the
anak dan Custodia Holdings Limited, Seychelles, subsidiary and Custodia Holdings Limited,
melalui PT Fajar Asia Selaras, perantara, Seychelles, through PT Fajar Asia Selaras as an
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Page 13
menandatangani Perjanjian Jual Beli Saham intermediary, signed a Condi onal Share
Bersyarat untuk pembelian 100% saham Hadleigh Purchase Agreement for the acquisi on of 100%
Investments Pte Ltd, Singapura, yang bergerak shares of Hadleigh Investments Pte Ltd,
dalam bidang investasi pada perusahaan Singapore, a company engaged in shipping-
perkapalan, dengan harga transaksi sebesar USD related investments, for a transac on price of
36.924.066. En tas anak telah membayar uang USD 36,924,066. The subsidiary has made an
muka pembelian sebesar USD 24.264.732, uang advance payment for the purchase amoun ng to
muka pembelian dapat diminta kembali apabila USD 24,264,732, which may be refundable if
terdapat ketentuan pada perjanjian yang dak there are unfulfilled provisions in the agreement.
terpenuhi.
Agar dijelaskan: Please provide explana on for the following:
a. Latar belakang strategis dan urgensi a. The strategic background and urgency behind
pembelian saham Hadleigh Investments Pte the purchase of shares in Hadleigh
Ltd, khususnya dengan memper mbangkan Investments Pte Ltd, especially considering
kondisi likuiditas Perseroan saat ini. the current liquidity condi on of the
Company.
Penjelasan Perseroan: Company explana on:
Untuk melanjutkan rencana Perseroan dalam To con nue the Company's plan to increase
meningkatkan profitabilitas dan solvabilitas its profitability and solvency a er the
setelah diselesaikannya perbaikan struktur comple on of the capital structure
modal dan pelepasan aset kapal, manajemen improvement and the disposal of vessel
merasa perlu untuk mengembangkan assets, the management require to expand its
usahanya di bidang usaha jasa penyewaan business in the offshore vessel charter
kapal lepas pantai yang memiliki kontrak business which has long-term contracts, good
jangka panjang, marjin keuntungan yang baik profit margins and stable cash flows. The plan
dan arus kas yang stabil. Rencana pembelian to purchase shares of Hadleigh Investments
saham Hadleigh Investments Pte Ltd yang Pte Ltd, which operates in the offshore
bergerak di bidang lepas pantai bertujuan businesses, aims to enable the Company to
agar Perseroan dapat memperoleh obtain stable Opera ng Revenues and cash
Pendapatan Usaha dan arus kas yang stabil flow thus can increase the Company's long-
sehingga dapat meningkatkan likuiditas term liquidity.
Perseroan secara jangka panjang.
b. Hubungan afiliasi Perseroan atau pengurus b. The affilia on rela onship between the
dengan Custodia Holdings Limited, Company or its management and Custodia
Seychelles, dan PT Fajar Asia Selaras. Holdings Limited, Seychelles, and PT Fajar
Asia Selaras.
Penjelasan Perseroan: Company explana on:
Perseroan dan manajemen Perseroan dak The Company and the Company's
memiliki hubungan afiliasi dengan Custodia management have no affilia on rela onship
Holdings Limited dan PT Fajar Asia Selaras. with Custodia Holdings Limited and PT Fajar
Asia Selaras.
8. Merujuk pada Laporan Keuangan Auditan 2022, 8. Referring to the 2022 Audited Financial
terdapat dua CALK dengan nomor yang sama Statements, there are two CALK with the same
yaitu CALK 12 Aset Tetap dan CALK 12 Goodwill. number, namely CALK 12 – Fixed Assets, and CALK
Agar diperiksa dan dikoordinasikan perbaikannya 12 - Goodwill. Please review and coordinate for its
dengan Otoritas Jasa Keuangan (OJK). correc on with the Financial Services Authority
(OJK).
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Penjelasan Perseroan: Company explana on:
Perseroan akan memperbaiki kesalahan pada The company will make correc on to the error in
nomor CALK di Exhibit 53. the CALK number in Exhibit 53.
9. Merujuk CALK 7 Piutang Usaha tahun 2022, 9. Referring to CALK 7 - Trade Receivables for the
diketahui bahwa Perseroan mengalami year 2022, it is noted that the Company
penurunan kualitas piutang usaha sebagai experienced a worsening in the quality of trade
berikut: receivables as follows:
Selanjutnya merujuk CALK 6 Piutang Usaha per 31 Furthermore, with reference to CALK 6 - Trade
Maret 2023 dan 30 Juni 2023, Perseroan dak Receivables as of 31 March 2023 and 30 June
mencantumkan informasi umur piutang usaha. 2023, the Company did not provide informa on
Hal ini dak sesuai dengan Peraturan BAPEPAMLK regarding the age of trade receivables. This is not
No. VIII.G.7 tahun 2012. Agar dijelaskan: in compliance with BAPEPAMLK Regula on No.
VIII.G.7 of 2012. Please provide an explana on for
the following:
a. Latar belakang dak dicantumkannya umur a. The reasons to not include the age of trade
piutang usaha pada CALK 6 Piutang Usaha per receivables in CALK 6 - Trade Receivables as
31 Maret 2023 dan 30 Juni 2023. of 31 March 2023 and 30 June 2023.
Penjelasan Perseroan: Company explana on:
Untuk periode pelaporan 31 Maret 2023 dan For the repor ng periods of 31 March 2023
30 Juni 2023 Perseroan dak menghitung and 30 June 2023, the Company did not
ngkat kerugian ekspektasian atas Piutang calculate the expected loss rate on the Trade
Usaha. Namun Perseroan akan Receivables. However, the Company will
menyajikannya di periode pelaporan present it in the next repor ng period.
berikutnya.
b. Rincian umur piutang usaha Perseroan per 31 b. Details of the aging of trade receivables as of
Maret 2023 dan 30 Juni 2023. 31 March 2023 and 30 June 2023.
Penjelasan Perseroan: Company explana on:
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Page 15
31 Maret 2023 30 Juni 2023
US$ US$
Belum jatuh tempo / not yet due 3,285,680 6,532,403
Sudah jatuh tempo / past due
0 - 60 6,040,751 5,342,958
61 - 120 3,531,363 4,407,495
121 - 180 6,875,089 6,414,270
181 - 360 6,068,322 3,608,833
> 360 9,647,011 4,779,311
Total 35,448,216 31,085,269
c. Strategi koleksi piutang usaha. c. Company's strategy for trade receivables
collec on.
Penjelasan Perseroan: Company explana on:
Mengingat basis pelanggan Perseroan Given that the Company's customer base
mencakup banyak negara di Eropa, Amerika includes many countries in Europe, United
Serikat dan Asia, Perseroan telah membuka States of America and Asia, the Company has
jalur penerimaan dana yang fleksibel baik opened a flexible channel for receiving funds
untuk rekening bank penerima maupun mata for both beneficiary bank accounts and
uang yang dapat diterima. Proses penagihan accepted currencies. The process of
piutang usaha masih menggunakan metode collec ng trade receivables s ll uses the
penagihan secara langsung dan berkala. direct and periodic billing method.
10. Pada tahun 2022, Piutang Lain-Lain Perseroan 10. In 2022, the Company's Other Receivables
meningkat dari sebelumnya USD 1,8 juta menjadi increased from USD 1.8 million to USD 10 million.
USD 10 juta. Merujuk pada CALK 8 Piutang Lain- Referring to CALK 8 - Other Receivables, the
Lain, diketahui bahwa peningkatan tersebut increase is a ributed to the recording of
disebabkan oleh pembukuan piutang dalam receivables in reconcilia on amoun ng to USD 9
rekonsiliasi USD 9 juta sehubungan dengan proses million related to the se lement process of loans
penyelesaian pinjaman lembaga keuangan non- from non-bank financial ins tu ons from 4
bank kepada 4 kreditur, oleh karena adanya selisih creditors. This occurred due to discrepancies in
hasil pelepasan kapal kepada kreditur dengan the proceeds from the disposal of vessels to the
saldo pinjaman. Apabila proses rekonsiliasi selesai creditors and the outstanding loan balances. If the
dan masih terdapat selisih hasil pelepasan kapal reconcilia on process is completed and there are
dengan saldo pinjaman, agar dijelaskan perkiraan s ll discrepancies between the proceeds from the
penyelesaian piutang lain-lain tersebut. disposal of vessels and the outstanding loan
balances, please provide an es mate of the
se lement of these other receivables.
Penjelasan Perseroan: Company explana on:
Piutang Lain-Lain tersebut terkait dengan These Other Receivables related to long-term
pinjaman jangka panjang kepada lembaga loans from non-bank financial ins tu ons which
keuangan non-bank yang masih dalam proses are s ll in the process of reconcilia on with 1 of
rekonsiliasi dengan 1 kreditur sehingga saldo the creditors so that the balance of receivables
hutang piutang akan diperhitungkan secara and payables will be calculated as a whole at the
keseluruhan pada akhir proses untuk ke 5 kreditur end of the process for all 5 creditors altogether.
secara bersama-sama.
11. Sehubungan dengan persediaan Perseroan yang 11. Regarding the Company's inventory, which
merupakan persediaan bahan bakar, agar includes fuel inventory, please provide an
explana on of the Company's fuel storage system
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Page 16
dijelaskan sistem storing bahan bakar Perseroan and the efforts made to mi gate any disaster
serta upaya mi gasi risiko bencana. risks.
Penjelasan Perseroan: Company explana on:
Persediaan bahan bakar yang dimaksud adalah The fuel inventory in ques on is the fuel that is
bahan bakar yang berada di dalam tanki bahan stored in the fuel tanks of vessels which security,
bakar kapal tanker yang faktor keamanan, safety and usage factors are strictly regulated
keselamatan dan penggunaannya diatur dengan based on interna onal standards from the
ketat berdasarkan standar internasional dari Interna onal Mari me Organiza on (IMO). The
Interna onal Mari me Organiza on (IMO). company complies with all provisions regarding
Perseroan memenuhi seluruh ketentuan security, safety and feasibility standards to
mengenai standar keamanan, keselamatan dan operate the vessels in interna onal waters.
kelayakan untuk pengoperasian kapal tanker di
perairan internasional.
12. Merujuk pada CALK 25 Pendapatan tahun 2022, 12. Referring to CALK 25 - Revenues for 2022, the
berikut merupakan komposisi pendapatan following is the composi on of the Company's
Perseroan: revenue:
Merujuk pada CALK 24 Pendapatan per 30 Juni Referring to CALK 24 - Revenue as of June 30,
2023, berikut merupakan komposisinya: 2023, the following is its composi on:
Agar dijelaskan: Please explain the following:
a. Latar belakang penurunan pendapatan me a. The background of the decline in me charter
charter tahun 2022. revenue in 2022.
Penjelasan Perseroan: Company explana on:
Penurunan atas Pendapatan Usaha yang The decrease in Revenues from me charter
berasal dari kontrak me charter selama contracts during 2022 was mainly due to the
tahun 2022 terutama dikarenakan berkurang reduced number of vessels serving me
nya jumlah kapal yang melayani kontrak me charter contracts and being shi ed to
charter dan dipindahkan untuk pasar spot interna onal spot market. In addi on to that,
internasional. Disamping itu, jumlah rata-rata the average number of vessels operated
kapal yang dioperasikan selama tahun 2022 during 2022 has also decreased if compared
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Page 17
juga mengalami penurunan bila to the average number of vessels operated in
dibandingkan dengan jumlah rata-rata kapal 2021.
yang dioperasikan di tahun 2021.
b. Strategi peningkatan pendapatan me b. Strategy to increase me charter revenue in
charter ke depannya. the future.
Penjelasan Perseroan: Company explana on:
Dengan adanya perubahan strategi komersial With the shi of commercial strategy in line
seiring dengan peningkatan tarif sewa kapal with the increase in tanker charter rates in
tanker di pasar internasional, Perseroan interna onal market, the Company has not
belum memper mbangkan untuk considered to employ its vessels for me
menyewakan kapal untuk kontrak me charter contracts. However, the Company
charter. Namun Perseroan tetap mengawasi con nues to monitor the dynamic of
arah pergerakan pasar internasional dan interna onal market movements and can
dapat menempatkan kembali armada reposi on the Company's fleet in me
Perseroan dalam kontrak me charter charter contracts if necessary.
apabila diperlukan.
c. Latar belakang dak dibukukannya c. The reason for not recognizing revenues from
pendapatan angkutan dan perjanjian pool freight and pool agreements in 2023.
tahun 2023.
Penjelasan Perseroan: Company explana on:
Selama periode 2023 Perseroan dak During the 2023 period the Company does
memiliki Pendapatan Usaha dari perjanjian not have Revenues from pool agreements.
pool. Perseroan akan menyajikan The company will present Revenues from
pendapatan angkutan pada laporan freight in the next financial statements
keuangan periode berikutnya. repor ng period.
17
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