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Nomor Surat CORSEC/L/2023/VII-0042
Nama Emiten Petrosea Tbk
Kode Emiten PTRO
Perihal Penyampaian Laporan Keuangan Interim Yang Tidak Diaudit
Perseroan dengan ini menyampaikan laporan keuangan untuk periode 6 Bulan yang berakhir pada 30/06/2023 dengan ikhtisar sebagai berikut :
Informasi mengenai anak perusahaan Perseroan sebagai berikut :
No Nama Kegiatan Lokasi Tahun Status Jumlah Aset Satuan Mata Persentase
Usaha Komersil Operasi Uang (%)
1 PT Kuala Port South Jakarta 1995 Active 15.296 RIBUAN USD 95.0
Pelabuhan Operation,
Indonesia Transportation
Contracting
(Roads), and
the rendering
of Service
2 PTP Investment Singapore 2005 Dormant 3 RIBUAN USD 100.0
Investment
Pte. Ltd
3 PT Kinarya Trading and Balikpapan 2021 Active 1.070 RIBUAN USD 99.99
Bangun Contractor
Sesama
(Previously PT
Petrosea
Kalimantan)
4 PT POSB Special Port South 2015 Active 1.820 RIBUAN USD 99.8
Infrastructure Management Tangerang
Indonesia
5 PT Rekakarsa Engineering South 2017 Under 292 RIBUAN USD 99.99
Karya Services Tangerang Development
Nusantara Stage
(Previously PT
Petrosea
Rekayasa dan
Konstruksi
Indonesia)
6 Petros Solution Australia 2021 Active 5.351 RIBUAN USD 100.0
Solution Pty Provider in
Ltd Geology,
Mining and
EPC
7 PT Kemilau Coal Mining Kalimantan 2023 Active 2.551 RIBUAN IDR 99.93
Mulia Sakti
(PTKMS)
8 PT Karya Mining South 2018 Active 79.901 RIBUAN USD 99.99
Bhumi Lestari Support Tangerang
Services
Dokumen ini merupakan dokumen resmi Petrosea Tbk yang tidak memerlukan tanda tangan karena dihasilkan secara elektronik. Petrosea Tbk
bertanggung jawab penuh atas informasi tertera di dalam dokumen ini.
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[1000000] General information
Informasi umum General information
30 June 2023
Nama entitas Petrosea Tbk Entity name
Penjelasan perubahan nama dari akhir Explanation of change in name from
periode laporan sebelumnya the end of the preceding reporting
period
Kode entitas PTRO Entity code
Nomor identifikasi entitas AA089 Entity identification number
Industri utama entitas Umum / General Entity main industry
Standar akutansi yang dipilih PSAK Selected accounting standards
Sektor A. Energy Sector
Subsektor A1. Oil, Gas & Coal Subsector
Industri A13. Oil, Gas & Coal Supports Industry
Subindustri A132. Oil, Gas & Coal Subindustry
Equipment & Services
Informasi pemegang saham Controlling shareholder information
National Corporation
pengendali
Jenis entitas Local Company - Indonesia Type of entity
Jurisdiction
Jenis efek yang dicatatkan Saham / Stock Type of listed securities
Jenis papan perdagangan tempat Type of board on which the entity is
Utama / Main
entitas tercatat listed
Apakah merupakan laporan keuangan Whether the financial statements are
satu entitas atau suatu kelompok Entitas grup / Group entity of an individual entity or a group of
entitas entities
Periode penyampaian laporan Period of financial statements
Kuartal II / Second Quarter
keuangan submissions
Tanggal awal periode berjalan January 01, 2023 Current period start date
Tanggal akhir periode berjalan June 30, 2023 Current period end date
Tanggal akhir tahun sebelumnya December 31, 2022 Prior year end date
Tanggal awal periode sebelumnya January 01, 2022 Prior period start date
Tanggal akhir periode sebelumnya June 30, 2022 Prior period end date
Tanggal akhir 2 tahun sebelumnya December 31, 2021 Prior 2 year end date
Mata uang pelaporan Dollar Amerika / USD Description of presentation currency
Kurs konversi pada tanggal pelaporan Conversion rate at reporting date if
jika mata uang penyajian selain rupiah 15,026.00000 presentation currency is other than
rupiah
Pembulatan yang digunakan dalam Level of rounding used in financial
penyajian jumlah dalam laporan Ribuan / In Thousand statements
keuangan
Jenis laporan atas laporan keuangan Tidak Diaudit / Unaudit Type of report on financial statements
Jenis opini auditor Type of auditor's opinion
Hal yang diungkapkan dalam paragraf Matters disclosed in
pendapat untuk penekanan atas suatu emphasis-of-matter or other-matter
masalah atau paragraf penjelasan paragraph, if any
lainnya, jika ada
Hasil penugasan review Result of review engagement
Opini Hal Audit Utama Tidak / No Any Key Audit Matters Opinion
Jumlah Hal Audit Utama Total Key Audit Matters
Paragraf Hal Audit Utama Key Audit Matters Paragraph
Tanggal laporan audit atau hasil Date of auditor's opinion or result of
laporan review review report
Auditor tahun berjalan Current year auditor
Nama partner audit tahun berjalan Name of current year audit signing
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partner
Lama tahun penugasan partner yang Number of years served as audit
menandatangani signing partner
Auditor tahun sebelumnya Imelda & Rekan Prior year auditor
Nama partner audit tahun sebelumnya Name of prior year audit signing
Kasman
partner
Kepatuhan terhadap pemenuhan Whether in compliance with OJK rules
peraturan OJK Nomor: No. 75/POJK.04/2017 concerning
Ya / Yes
75/POJK.04/2017 tentang Tanggung responsibilities of board of directors on
Jawab Direksi Atas Laporan Keuangan financial statements
Kepatuhan terhadap pemenuhan Compliance to the independency of
independensi akuntan yang Accountant that provide services in
memberikan jasa audit di pasar modal Capital Market as regulated in OJK
sesuai dengan POJK Nomor Ya / Yes rules No. 13/POJK.03/2017
13/POJK.03/2017 tentang concerning The Use of Public
Penggunaan Jasa Akuntan Publik Accountant and Auditing Firm in
dalam Kegiatan Jasa Keuangan Financial Services Activities.
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[1210000] Statement of financial position presented using current and
non-current - General Industry
Laporan posisi keuangan Statement of financial position
30 June 2023 31 December 2022
Aset Assets
Aset lancar Current assets
Kas dan setara kas Cash and cash
73,279 61,760
equivalents
Aset keuangan lancar Current financial assets
Aset keuangan lancar Other current financial
739 356
lainnya assets
Piutang usaha Trade receivables
Piutang usaha pihak Trade receivables third
89,040 82,580
ketiga parties
Piutang usaha pihak Trade receivables
32,839 23,871
berelasi related parties
Tagihan bruto pemberi Unbilled receivables
kerja
Tagihan bruto pemberi Unbilled receivables
14,601 12,295
kerja pihak ketiga third parties
Piutang lainnya Other receivables
Piutang lainnya pihak Other receivables third
15,211 16,146
ketiga parties
Persediaan lancar Current inventories
Persediaan lancar 20,153 18,517 Current inventories
Biaya dibayar dimuka Current prepaid expenses
9,246 5,606
lancar
Pajak dibayar dimuka Current prepaid taxes
12,390 11,345
lancar
Klaim atas pengembalian Current claims for tax
0 6,943
pajak lancar refund
Aset non-keuangan lancar Other current non-financial
24,281 18,234
lainnya assets
Jumlah aset lancar 291,779 257,653 Total current assets
Aset tidak lancar Non-current assets
Piutang tidak lancar Other non-current
lainnya receivables
Piutang tidak lancar Other non-current
lainnya pihak ketiga 32,361 32,499 receivables third
parties
Aset tetap Property, plant, and
228,997 232,812
equipment
Aset hak guna 33,071 33,949 Right of use assets
Beban tangguhan Deferred charges
Beban tangguhan Other deferred charges
8,741 5,575
lainnya
Goodwill 19,768 781 Goodwill
Aset takberwujud selain Intangible assets other
113,882 27,480
goodwill than goodwill
Aset tidak lancar Other non-current
1,598 5,671
non-keuangan lainnya non-financial assets
Jumlah aset tidak lancar 438,418 338,767 Total non-current assets
Jumlah aset 730,197 596,420 Total assets
Liabilitas dan ekuitas Liabilities and equity
Liabilitas Liabilities
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Liabilitas jangka pendek Current liabilities
Utang bank jangka Short term bank loans
44,883 45,146
pendek
Utang usaha Trade payables
Utang usaha pihak Trade payables
136,921 117,861
ketiga third parties
Utang usaha pihak Trade payables
840 674
berelasi related parties
Utang lainnya Other payables
Utang lainnya pihak Other payables
302 1,656
ketiga third parties
Utang dividen 958 287 Dividends payable
Liabilitas keuangan Other current financial
4,179 5,694
jangka pendek lainnya liabilities
Beban akrual jangka Current accrued
17,734 18,952
pendek expenses
Utang pajak 2,569 5,495 Taxes payable
Liabilitas jangka Current maturities of
panjang yang jatuh long-term liabilities
tempo dalam satu
tahun
Liabilitas jangka Current maturities
panjang yang jatuh of finance lease
tempo dalam satu 11,368 10,345 liabilities
tahun atas liabilitas
sewa pembiayaan
Liabilitas jangka Current maturities
panjang yang jatuh of other borrowings
tempo dalam satu 15,333 15,807
tahun atas
pinjaman lainnya
Jumlah liabilitas Total current
235,087 221,917
jangka pendek liabilities
Liabilitas jangka Non-current liabilities
panjang
Liabilitas pajak Deferred tax liabilities
27,536 9,143
tangguhan
Liabilitas jangka Long-term liabilities
panjang setelah net of current
dikurangi bagian maturities
yang jatuh tempo
dalam satu tahun
Liabilitas jangka Long-term finance
panjang atas lease liabilities
15,689 16,113
liabilitas sewa
pembiayaan
Liabilitas jangka Long-term other
panjang atas 190,144 28,315 borrowings
pinjaman lainnya
Kewajiban imbalan Long-term
pasca kerja jangka 26,690 22,941 post-employment
panjang benefit obligations
Jumlah liabilitas Total non-current
260,059 76,512
jangka panjang liabilities
Jumlah liabilitas 495,146 298,429 Total liabilities
Ekuitas Equity
Ekuitas yang Equity attributable to
diatribusikan kepada equity owners of parent
pemilik entitas induk entity
Saham biasa 33,438 33,438 Common stocks
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Tambahan modal Additional paid-in
( 4,602 ) ( 4,602 )
disetor capital
Saham treasuri ( 2,033 ) ( 2,033 ) Treasury stocks
Cadangan pengukuran Reserve of
kembali program ( 2,074 ) remeasurements of
imbalan pasti defined benefit plans
Komponen ekuitas Other components of
( 1,137 ) ( 5,463 )
lainnya equity
Saldo laba Retained earnings
(akumulasi kerugian) (deficit)
Saldo laba yang Appropriated
telah ditentukan 1,475 1,475 retained earnings
penggunaannya
Saldo laba yang Unappropriated
belum ditentukan 209,209 274,394 retained earnings
penggunaannya
Jumlah ekuitas yang Total equity
diatribusikan kepada attributable to equity
234,276 297,209
pemilik entitas induk owners of parent
entity
Kepentingan Non-controlling interests
775 782
non-pengendali
Jumlah ekuitas 235,051 297,991 Total equity
Jumlah liabilitas dan Total liabilities and equity
730,197 596,420
ekuitas
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[1311000] Statement of profit or loss and other comprehensive income, OCI
components presented net of tax, by function - General Industry
Laporan laba rugi dan penghasilan Statement of profit or loss and other
komprehensif lain comprehensive income
30 June 2023 30 June 2022
Penjualan dan pendapatan Sales and revenue
273,917 206,401
usaha
Beban pokok penjualan dan Cost of sales and revenue
( 233,250 ) ( 176,193 )
pendapatan
Jumlah laba bruto 40,667 30,208 Total gross profit
Beban umum dan administrasi General and administrative
( 21,406 ) ( 15,746 )
expenses
Pendapatan keuangan 604 679 Finance income
Beban bunga dan keuangan ( 7,044 ) ( 2,446 ) Interest and finance costs
Beban lainnya ( 970 ) ( 1,979 ) Other expenses
Keuntungan (kerugian) lainnya 607 1,721 Other gains (losses)
Jumlah laba (rugi) sebelum Total profit (loss) before tax
12,458 12,437
pajak penghasilan
Pendapatan (beban) pajak ( 1,523 ) ( 1,546 ) Tax benefit (expenses)
Jumlah laba (rugi) dari operasi Total profit (loss) from
10,935 10,891
yang dilanjutkan continuing operations
Jumlah laba (rugi) 10,935 10,891 Total profit (loss)
Pendapatan komprehensif Other comprehensive income,
lainnya, setelah pajak after tax
Pendapatan komprehensif Other comprehensive
lainnya yang akan income that may be
direklasifikasi ke laba rugi, reclassified to profit or
setelah pajak loss, after tax
Keuntungan (kerugian) Gains (losses) on
selisih kurs penjabaran, 2,252 ( 1,122 ) exchange differences on
setelah pajak translation, after tax
Nilai tercatat dari aset Carrying amount of
(liabilitas) non-keuangan non-financial asset
yang perolehan atau (liability) whose acquisition
keterjadiannya merupakan or incurrence was hedged
163
suatu prakiraan transaksi on highly probable
yang kemungkinan besar forecast transaction,
terjadi yang dilindung nilai, adjusted from equity, after
setelah pajak tax
Jumlah pendapatan Total other
komprehensif lainnya comprehensive income
yang akan direklasifikasi 2,252 ( 959 ) that may be reclassified
ke laba rugi, setelah to profit or loss, after tax
pajak
Jumlah pendapatan Total other comprehensive
komprehensif lainnya, 2,252 ( 959 ) income, after tax
setelah pajak
Jumlah laba rugi komprehensif 13,187 9,932 Total comprehensive income
Laba (rugi) yang dapat Profit (loss) attributable to
diatribusikan
Laba (rugi) yang dapat Profit (loss) attributable to
10,815 10,769
diatribusikan ke entitas induk parent entity
Laba (rugi) yang dapat Profit (loss) attributable to
diatribusikan ke kepentingan 120 122 non-controlling interests
non-pengendali
Laba rugi komprehensif yang Comprehensive income
Page 8
dapat diatribusikan attributable to
Laba rugi komprehensif yang Comprehensive income
dapat diatribusikan ke entitas 13,067 9,810 attributable to parent entity
induk
Laba rugi komprehensif yang Comprehensive income
dapat diatribusikan ke 120 122 attributable to non-controlling
kepentingan non-pengendali interests
Laba (rugi) per saham Earnings (loss) per share
Laba per saham dasar Basic earnings per share
diatribusikan kepada attributable to equity
pemilik entitas induk owners of the parent entity
Laba (rugi) per saham Basic earnings (loss) per
dasar dari operasi yang 0.0109 0.0109 share from continuing
dilanjutkan operations
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[1410000] Statement of changes in equity - General Industry - Current Year
30 June 2023
Laporan perubahan ekuitas Statement of changes in equity
Cadangan pengukuran Saldo laba yang telah Saldo laba yang belum Ekuitas yang dapat
Tambahan modal Komponen transaksi Kepentingan
Saham biasa Saham treasuri kembali program imbalan ditentukan ditentukan diatribusikan kepada Ekuitas
disetor ekuitas lainnya non-pengendali
pasti penggunaannya penggunaannya entitas induk
Reserve of
Other components of Appropriated retained Unappropriated retained Equity attributable to
Common stocks Additional paid-in capital Treasury stocks remeasurements of defined Non-controlling interests Equity
equity transactions earnings earnings parent entity
benefit plans
Posisi ekuitas Equity position
Saldo awal periode sebelum penyajian kembali 33,438 ( 4,602 ) ( 2,033 ) ( 2,074 ) ( 3,389 ) 1,475 274,394 297,209 782 297,991 Balance before restatement at beginning of period
Posisi ekuitas, awal periode 33,438 ( 4,602 ) ( 2,033 ) ( 2,074 ) ( 3,389 ) 1,475 274,394 297,209 782 297,991 Equity position, beginning of the period
Laba (rugi) 10,815 10,815 120 10,935 Profit (loss)
Pendapatan komprehensif lainnya 2,252 2,252 2,252 Other comprehensive income
Distribusi dividen kas ( 76,000 ) ( 76,000 ) ( 127 ) ( 76,127 ) Distributions of cash dividends
Posisi ekuitas, akhir periode 33,438 ( 4,602 ) ( 2,033 ) ( 2,074 ) ( 1,137 ) 1,475 209,209 234,276 775 235,051 Equity position, end of the period
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[1410000] Statement of changes in equity - General Industry - Prior Year
30 June 2022
Laporan perubahan ekuitas Statement of changes in equity
Cadangan pengukuran Saldo laba yang telah Saldo laba yang belum Ekuitas yang dapat
Tambahan modal Cadangan lindung nilai Komponen transaksi Kepentingan
Saham biasa Saham treasuri kembali program imbalan ditentukan ditentukan diatribusikan kepada Ekuitas
disetor arus kas ekuitas lainnya non-pengendali
pasti penggunaannya penggunaannya entitas induk
Reserve of
Reserve of cash flow Other components of Appropriated retained Unappropriated retained Equity attributable to
Common stocks Additional paid-in capital Treasury stocks remeasurements of defined Non-controlling interests Equity
hedges equity transactions earnings earnings parent entity
benefit plans
Posisi ekuitas Equity position
Saldo awal periode sebelum penyajian kembali 33,438 ( 4,602 ) ( 2,033 ) ( 210 ) ( 1,944 ) ( 102 ) 1,475 233,470 259,492 731 260,223 Balance before restatement at beginning of period
Posisi ekuitas, awal periode 33,438 ( 4,602 ) ( 2,033 ) ( 210 ) ( 1,944 ) ( 102 ) 1,475 233,470 259,492 731 260,223 Equity position, beginning of the period
Laba (rugi) 10,769 10,769 122 10,891 Profit (loss)
Pendapatan komprehensif lainnya 163 ( 1,122 ) ( 959 ) ( 959 ) Other comprehensive income
Distribusi dividen kas ( 191 ) ( 191 ) Distributions of cash dividends
Posisi ekuitas, akhir periode 33,438 ( 4,602 ) ( 2,033 ) ( 47 ) ( 1,944 ) ( 1,224 ) 1,475 244,239 269,302 662 269,964 Equity position, end of the period
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[1510000] Statement of cash flows, direct method - General Industry
Laporan arus kas Statement of cash flows
30 June 2023 30 June 2022
Arus kas dari aktivitas operasi Cash flows from operating
activities
Penerimaan kas dari Cash receipts from
aktivitas operasi operating activities
Penerimaan dari Receipts from customers
249,553 226,020
pelanggan
Pembayaran kas dari Cash payments from
aktivitas operasi operating activities
Pembayaran kepada Payments to suppliers for
pemasok atas barang dan ( 117,748 ) ( 77,406 ) goods and services
jasa
Pembayaran gaji dan Payments for salaries and
( 69,759 ) ( 66,323 )
tunjangan allowances
Kas diperoleh dari Cash generated from (used
62,046 82,291
(digunakan untuk) operasi in) operations
Penerimaan bunga dari Interests received from
532 679
aktivitas operasi operating activities
Pembayaran bunga dari Interests paid from operating
( 6,826 ) ( 2,499 )
aktivitas operasi activities
Penerimaan pengembalian Income taxes refunded (paid)
(pembayaran) pajak from operating activities
( 7,943 ) ( 3,487 )
penghasilan dari aktivitas
operasi
Jumlah arus kas bersih Total net cash flows
yang diperoleh dari received from (used in)
47,808 76,984
(digunakan untuk) aktivitas operating activities
operasi
Arus kas dari aktivitas Cash flows from investing
investasi activities
Pembayaran untuk perolehan Payments for acquisition of
( 23,690 ) ( 19,712 )
aset tetap property, plant and equipment
Pembayaran untuk perolehan Payments for acquisition of
( 788 ) ( 2,266 )
aset takberwujud intangible assets
Pembayaran untuk perolehan Payments for acquisition of
( 90,500 )
entitas anak subsidiaries
Penerimaan (pengeluaran) Other cash inflows (outflows)
kas lainnya dari aktivitas ( 7,371 ) ( 46,666 ) from investing activities
investasi
Jumlah arus kas bersih Total net cash flows
yang diperoleh dari received from (used in)
( 122,349 ) ( 68,644 )
(digunakan untuk) aktivitas investing activities
investasi
Arus kas dari aktivitas Cash flows from financing
pendanaan activities
Penerimaan pinjaman bank 170,505 Proceeds from bank loans
Pembayaran pinjaman bank ( 45,000 ) ( 10,000 ) Payments of bank loans
Penerimaan pinjaman dari Proceeds from non-bank
5,726
lembaga keuangan non-bank financial institution loan
Pembayaran liabilitas sewa Payments of finance lease
( 4,375 ) ( 6,453 )
pembiayaan liabilities
Penerimaan pinjaman lainnya Proceeds from other
44,673 44,245
borrowings
Pembayaran pinjaman Payments of other borrowings
( 9,612 ) ( 24,963 )
lainnya
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Pembayaran dividen dari Dividends paid from financing
( 75,857 )
aktivitas pendanaan activities
Jumlah arus kas bersih Total net cash flows
yang diperoleh dari received from (used in)
86,060 2,829
(digunakan untuk) aktivitas financing activities
pendanaan
Jumlah kenaikan (penurunan) Total net increase (decrease)
11,519 11,169
bersih kas dan setara kas in cash and cash equivalents
Kas dan setara kas arus kas, Cash and cash equivalents cash
61,760 89,325
awal periode flows, beginning of the period
Kas dan setara kas arus kas, Cash and cash equivalents
73,279 100,494
akhir periode cash flows, end of the period
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[1610000] Explanation for Significant Accounting Policy - General Industry
Kebijakan akuntansi signifikan Significant accounting policies
30 June 2023
Dasar penyusunan laporan keuangan The consolidated financial statements have been prepared on the historical cost basis, except for Basis of preparation of consolidated financial
konsolidasian certain financial instruments that are measured at fair values at the end of each reporting period. statements
Historical cost is generally based on the fair value of the consideration given in exchange for goods and
services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. The consolidated
statements of cash flows are prepared using the direct method with classifications of cash flows into
operating, investing and financing activities.The Directors have, at the time of approving the financial
statements, a reasonable expectation that the Group has adequate resources to continue in
operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis
of accounting in preparing the consolidated financial statements.
Prinsip-prinsip konsolidasi The consolidated financial statements incorporate the financial statements of the Company and entities Principles of consolidation
(including structured entities) controlled by the Group. Control is achieved where the Company has the
power over the investee; is exposed, or has rights, to variable returns from its involvement with the
investee; and has the ability to use its power to affect its returns.The Company reassesses whether or
not it controls an investee if facts and circumstances indicate that there are changes to one or more of
the three elements of control listed above.When the Company has less than a majority of the voting
rights of an investee, it has power over the investee when the voting rights are sufficient to give it the
practical ability to direct the relevant activities of the investee unilaterally. The Company considers all
relevant facts and circumstances in assessing whether or not the Company?s voting rights in an
investee are sufficient to give it power, including (i) the size of the Company?s holding of voting rights
relative to the size and dispersion of holding of the other vote holders; (ii) potential voting rights held by
the Company, other vote holders or other parties; (iii) rights arising from other contractual
arrangements; and (iv) any additional facts and circumstances that indicate that the Company has, or
does not have, the current ability to direct the relevant activities at the time that decisions need to be
made, including voting patterns at previous shareholders? meetings.Consolidation of a subsidiary
begins when the Company obtains control over the subsidiary and ceases when the Company loses
control of the subsidiary. Specifically, income and expense of a subsidiary acquired or disposed of
during the year are included in the interim consolidated statement of profit or loss and other
comprehensive income from the date the Company gains control until the date when the Company
ceases to control the subsidiary.When necessary, adjustments are made to the financial statements of
subsidiaries to bring their accounting policies in line with the Group?s accounting policies.All intra
Group assets and liabilities, equity, income, expenses and cash flows relating to transactions between
members of the Group are eliminated in full on consolidation.Non-controlling interests in subsidiaries
are identified separately from the Group?s equity therein. Those interests of non-controlling
stockholders that are present ownership interests entitling their holders to a proportionate share of net
assets upon liquidation may initially be measured at fair value or at the non-controlling interests?
proportionate share of the fair value of the acquiree?s identifiable net assets. The choice of
measurement is made on an acquisition-byacquisition basis. Other non-controlling interests are initially
measured at fair value. Subsequent to acquisition, the carrying amount of non-controlling interests is
the amount of those interests at initial recognition plus the non-controlling interests? share of
Page 14
subsequent changes in equity.Profit or loss and each component of other comprehensive income are
attributed to the owners of the Company and to the noncontrolling interest. Total comprehensive
income of subsidiaries is attributed to the owners of the Company and the non-controlling interest even
if this results in the non-controlling interest having a deficit balance.Changes in the Group?s ownership
interest in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted
for as equity transactions. The carrying amounts of the Group?s interest and the non-controlling
interest are adjusted to reflect the changes in their relative interest in the subsidiaries. Any difference
between the amount by which the non-controlling interest are adjusted and the fair value of the
consideration paid or received is recognized directly in equity and attributed to owners of the
Company.When the Group loses control of a subsidiary, a gain or loss is recognized in profit or loss
and is calculated as the difference between (i) the aggregate of the fair value of the consideration
received and the fair value of any retained interest and (ii) the previous carrying amount of the assets
(including goodwill), and liabilities of the subsidiary and any non-controlling interest. All amounts
previously recognized in other comprehensive income in relation to that subsidiary are accounted for as
if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to
profit or loss or transferred to another category of equity as specified/ permitted by applicable
accounting standards). The fair value of any investment retained in the former subsidiary at the date
when control is lost is regarded as the fair value on initial recognition for subsequent accounting under
PSAK 71: Financial Instruments or, when applicable, the cost on initial recognition of an investment in
an associate or a joint venture.
Kas dan setara kas For cash flow presentation purposes, cash and cash equivalents consist of cash on hand and in banks Cash and cash equivalents
and all unrestricted investments with maturities of three months or less from the date of placement.
Piutang usaha dan piutang lain-lain Calculation of loss allowance for trade accounts receivableWhen measuring ECL, the Group Trade and other receivables
useshistorical defaults rates for groupings of various customer segments that have similar credit risk
characteristics, and reasonable and supportable forward-looking information, which is based on
assumptions for the futuremovement of different economic drivers andhow these drivers will affect each
others.Loss given default is an estimate of the lossarising on default. It is based on the difference
between the contractual cash flows due and those that the lender would expect to receive, taking into
account cash flows from collateral and integral credit echancements.Probability of default constitutes a
key input in measuring ECL. Probability of default is an estimate of the likelihood of default over a given
time horizon, the calculation of which includes historical data, assumptions and expectations of future
conditions. The loss allowance for trade accounts receivable is disclosed in Note 6.
Persediaan Inventories are stated at cost or net realizable value, whichever is lower. Cost is determined using the Inventories
weighted average method. Net realizable value represents the estimated selling price for inventories
less all estimated costs of completion and costs necessary to make the sale. The provision for obsolete
and slow moving inventories is determined on the basis of estimated future usage of individual
inventory items.
Aset tetap Property, plant and equipment held for use in the production or supply of goods or services, or for Fixed assets
administrative purposes, are stated at cost, less accumulated depreciation and any accumulated
impairment losses. Depreciation is recognized so as to write-off the cost of assets less residual values
using the straight-line method based on the estimated useful lives of the assets as follows:- 8 - 20
Page 15
years for building and improvements- 4 - 12 years for plant, equipment and vehicles - 4 - 5 years for
furniiture and fixturesCertain components of plant, equipment, and vehicles are depreciated using
hourly utilization basis over their estimated operating life.The estimated useful lives, residual values
and depreciation method are reviewed at each year end, with the effect of any changes in estimate
accounted for on a prospective basis.Land is stated at acquisition cost and is not depreciated.The cost
of maintenance and repairs is charged to profit or loss as incurred. Other costs incurred subsequently
to add to, replace part of, or service an item of property, plant and equipment, are recognized as asset
if, and only if it is probable that future economic benefits associated with the item will flow to the entity
and the cost of the item can be measured reliably.An item of property, plant and equipment is
derecognized upon disposal or when no future economic benefits are expected to arise from the
continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property,
plant and equipment is determined as the difference between the sales proceeds and the carrying
amount of the asset and is recognized in profit or loss.Construction in progress is stated at cost which
includes borrowing costs during construction on debts incurred to finance the construction.
Construction in progress is transferred to the respective property, plant and equipment account when
completed and ready for use
Penurunan nilai aset nonkeuangan At reporting dates, the Group reviews the carrying amount of non-financial assets to determine whether Impairment of non-financial assets
there is any indication that those assets have suffered an impairment loss. If any such indication exists,
the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the
Group estimates the recoverable amount of the cash generating unit to which the asset belongs. When
a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to
individual cash-generating units, or otherwise they are allocated to the smallest group of
cash-generating units for which a reasonable and consistent allocation basis can be
identified.Estimated recoverable amount is the higher of fair value less cost to sell and value in use. In
assessing value in use, the estimated future cash flows are discounted to their present value using a
pre-tax discount rate that reflects current market assessments of the time value of money and the risks
specific to the asset for which the estimates of future cash flows have not been adjusted.If the
recoverable amount of the non-financial asset (cash generating unit) is less than its carrying amount,
the carrying amount of the asset (cash generating unit) is reduced to its recoverable amount and an
impairment loss is recognized immediately in profit or loss.When an impairment loss subsequently
reverses, the carrying amount of the asset (or a cash-generating unit) is increased to the revised
estimate of its recoverable amount, but so that the increased carrying amount does not exceed the
carrying amount that would have been determined had no impairment loss been recognized for the
asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized
immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case
the reversal of the impairment loss is treated as a revaluation increase.
Utang usaha dan liabilitas lain-lain As lesseeThe Group assess whether a contract is or contains a lease, at inception of the contract. The Trade payables and other liabilities
Group recognize a right-of-use asset and a corresponding lease liability with respect to all lease
arrangements, except for short-term leases (defined as leases with a lease term of 12 months or less)
and leases of low value assets. For these leases, the Group recognize the lease payments as an
operating expense on a straight-line basis over the term of the lease unless another systematic basis is
more representative of the time pattern in which economic benefits from the leased assets are
consumed.The lease liability is initially measured at the present value of the lease payments that are
not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate
cannot be readily determined, the Group use the incremental borrowing rate specific to the
lessee.Lease payments included in the measurement of the lease liability comprise:? Fixed lease
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payments (including insubstance fixed payments), less any lease incentives;? Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date;? The amount expected to be payable under residual value guarantees;? The exercise price of purchase options, if it is reasonably certain to exercise the options; and? Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease.The lease liability is presented as a separate line in the consolidated statement of financial position.The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made.Group remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever:? The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate;? The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); or? A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate at the effective date of the modification.The Group did not make any such adjustments during the periods presented.The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement date, less any lease incentives received and any initial direct costs. The rightof-use assets are subsequently measured at cost less accumulated depreciation and impairment losses.Whenever the Group incur an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, to the extent the costs are related to a right-of-useasset, the costs are included in the related rightof-use asset, unless those costs are incurred to produce inventories.Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the rightof-use asset reflects that The Group expects to exercise a purchase option, the related right-ofuse asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.The right-of-use assets are presented as a separate line in the consolidated statement of financial position. The Group applies PSAK 48 Impairment of Assets to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the impairment of assets policy.Variable rents that do not depend on an index or rate are not included in the measurement of the lease liability and the right-of-use asset. The related payments are recognized as an expense in the period in which the event or condition that triggers those payments occurs and are included in the line ?Other operating expenses? in the consolidated statement ofprofit or loss and other comprehensive income.As a practical expedient, PSAK 73 Leases permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Group has not used this practical expedient. For a contracts that contain a lease component and one or more additional lease or non-lease components, the Group allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and the aggregate stand-alone price of the non-lease components.Sale and leasebackWhen the Group transfers an asset to another entity and leases that asset back, the Group accounts for the transfer contract and the lease, by first applying the requirements of PSAK 72 when a performance obligation is satisfied to determine whether the transfer of the asset is accounted for as a sale.If the transfer of asset
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satisfies the requirements of PSAK 72 to be accounted for as a sale, the transaction is accounted for
as follows:? The Group measures the right-of-use asset arising from the leaseback at the proportion of
the previous carrying amount of the asset that relates to the right-of-use assets retained by the Group.
Accordingly, the Group recognizes only the amount of any gain or loss that relates to the rights
transferred.If the fair value of the consideration for the sale of an asset does not equal the fair value of
the asset, or if the payments for the lease are not at market rates, the Group makes the following
adjustments to measure the sale proceeds at fair value:? Any below-market terms accounted for as a
prepayment of lease payments; and? Any above-market terms accounted for as additional financing
provided by the lessor to the lessee.If the transfer of asset does not satisfy the requirements of PSAK
72 to be accounted for as a sale, the Group continues to recognize the transferred asset and
recognizes a financial liability equal to the transfer proceeds.
Pengakuan pendapatan dan beban Interest incomeInterest income from a financial asset is recognized when is probable that the economic Revenue and expense recognition
benefits will flow to the Group and the amount of income can be measured reliably. Interest income is
accrued on a time basis, by reference to the principal outstanding and at the effective interest rate
applicable, which is the rate that exactly discounts estimated future cash receipts through the expected
life of the financial asset to that asset?s net carrying amount on initial recognition.Recognition of
revenue contract with customerIn determining revenue recognition, the Group perform the following
transaction analysis:1. Identify contracts with customers that meet all the following criteria: ? The
parties to the contract have approved the contract, ? The Group can identify each party?s rights
regarding the goods and services to be transferred, ? The Group can identify the payment terms for the
goods or services to be transferred, ? The contract has commercial substance, and ? It is probable that
the Group will collect the consideration in exchange for the goods or services to be transferred to the
customers;2. Identify performance obligations;3. Determine the transaction price;4. Allocate the
transaction price to performance obligations; and5. Recognize revenue.The Group recognize revenue
when the performance obligation has been satisfied by transferring a promised goods or services to the
customer.Revenue is measured based on the consideration specified in the contract and excludes
amounts collected on behalf of third parties.Rendering of servicesThe Group generates revenue from
the provision of mining services, including contract mining, overburden removal, and coal haulage to
the mining sector. The Group also generates revenue from providing logistics and support services to
the oil and gas sector.The Group enters into short- and long-term service contracts with customers.
Under the terms of the contracts, the Group enhances assets which the customers control or the
customers simultaneously receive and consume the benefit of the Group?s performance. Revenue
from service contracts is therefore recognized over time based on the stage of completion of the
contract at the end of the reporting period.The stage of completion may be determined based on
methods that can reasonably measure the services performed. Depending on nature of the service
contracts, the methods may include:a. Surveys of work performed;b. Value of work completed
determined based on schedule of rates for each of the activities performed which identify value for the
work performed and hence the value of the revenue to be recognized;c. Services performed to date as
a percentage of total services to be performed; ord. The proportion of contract costs incurred for work
performed to date relative to the estimated total contract costs.Revenue from construction contractsThe
Group enters into long-term construction contracts with customers. The performance obligation is
usually the entire project, as provided for in the contract, given that the different services are highly
interdependent, integrated, and are aimed at transferring the project to the customer as a whole,
representing the combined output for which the customer has contracted.Under the terms of the
contracts, the Group enhances assets which the customers control. Revenue from construction
contracts is therefore recognized over time on a cost?to?cost input method, i.e. based on the
proportion of contract costs incurred for work performed to date relative to the estimated total contract
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costs. Management considers that this input method is an appropriate measure of the progress towards
complete satisfaction of these performance obligations for long-term construction contracts of the
GroupWhere the outcome of a performance obligation cannot be reasonably measured, and the costs
incurred in satisfying the performance obligation are expected to be recoverable, the revenue is
recognized only to the extent of the costs incurred.When it is probable that the cost incurred in
satisfying a performance obligation will exceed the contract revenue, the expected loss is recognized
immediately.There is no significant financing component in construction contracts as the average credit
term is below 1 year.The Group presents its contract balances, on a contract-by-contract basis, in a net
contract asset or liability position, separately from its trade receivables. Contract assets and trade
receivables are both rights to consideration in exchange for goods or services that the Group has
transferred to a customer; however, the classification depends on whether such right is only conditional
on the passage of time (trade receivables) or if it is also conditional on something else (contract
assets), such as the satisfaction of further performance obligations under the contract. A contract
liability is the cumulative amount received and contractually receivable by the Group that exceeds the
right to consideration resulting from the Group?s performance under a given
contract.ExpensesExpenses are recognized when incurred.
Penjabaran mata uang asing The individual financial statements of each Group entity are measured and presented in the currency of Foreign currency translation
the primary economic environment in which the entity operates (its functional currency). The
consolidated financial statements of the Group are presented in U.S. Dollar (US$), which is the
functional currency of the Company and the presentation currency for the interim consolidated financial
statements.In preparing the financial statements of each individual Group entity, transactions in
currencies other than the entity?s functional currency (foreign currencies) are recognized at the rates of
exchange prevailing at the dates of the transactions. At the end of each reporting period, monetary
items denominated in foreign currencies are retranslated at the rates prevailing at that date.
Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at
the rates prevailing at the date when the fair value was determined. Non-monetary items that are
measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences on
monetary items are recognized in profit or loss or other comprehensive income in the period in which
they arise.For the purpose of presenting these interim consolidated financial statements, the assets
and liabilities of the subsidiaries, except PTKPI, are translated into U.S. Dollar using exchange rates
prevailing at the end of each reporting period. Income and expense items are translated at the average
exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which
case the exchange rates at the dates of the transactions are used. Exchange differences arising, if any,
are recognized in other comprehensive income and accumulated in equity (and attributed to
non-controlling interests as appropriate).Goodwill and fair value adjustments to identifiable assets
acquired and liabilities assumed through acquisition of a foreign operation are treated as assets and
liabilities of the foreign operation and translated at the rate of exchange prevailing at the end of each
reporting period. Exchange differences arising are recognized in other comprehensive income.
Transaksi dengan pihak berelasi A related party is a person or entity that is related to the Group (the reporting entity):a. A person or a Transactions with related parties
close member of that person's family is related to the reporting entity if that person: i. has control or
joint venture over the reporting entity; ii. has significant influence over the reporting entity; or iii. is a
member of the key management personnel of the reporting entity or of a parent of the reporting
entity.b. An entity is related to the reporting entity if any of the following conditions applies: i. The entity,
and the reporting entity are members of the same Group (which means that each parent, subsidiary
and fellow subsidiary is related to the others). ii. One entity is an associate or joint venture of the other
entity (or an associate or joint venture of a member of a Group of which the other entity is a member).
iii. Both entities are joint ventures of the same third party. iv. One entity is a joint venture of a third entity
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and the other entity is an associate of the third entity. v. The entity is a post-employment benefit plan
for the benefit of employees of either the reporting entity, or an entity related to the reporting entity. If
the reporting entity is itself such a plan, the sponsoring employers are also related to the reporting
entity. vi. The entity is controlled or jointly controlled by a person identified in (a). vii. A person identified
in (a) (i) has significant influence over the entity or is a member of the key management personnel of
the entity (or a parent of the entity). viii. The entity, or any member of a Group of which it is a part,
provides key management personnel services to the reporting entity or to the parent of the reporting
entity.Significant transactions with related parties, whether or not made at similar terms and conditions
as those done with third parties, are disclosed in the interim consolidated financial statements
Pajak penghasilan Income tax expense represents the sum of the tax currently payable and deferred tax. Current taxThe Income taxes
tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as
reported in profit or loss because it excludes items of income or expense that are taxable or deductible
in other years and it further excludes items that are never taxable or deductible. The Group?s liability
for current tax is calculated using tax rates that have been enacted or substantively enacted by the end
of the reporting period.A provision is recognized for those matters for which the tax determination is
uncertain but it is considered probable that there will be a future outflow of funds to a tax authority. The
provisions are measured at the best estimate of the amount expected to become payable. The
assessment is based on the judgement of tax professionals within the Group supported by previous
experience in respect of such activities and in certain cases based on specialist independent tax
advice.Deferred taxDeferred tax is recognized on temporary differences between the carrying amounts
of assets and liabilities in the interim consolidated financial statements and the corresponding tax
bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all
taxable temporary differences. Deferred tax assets are generally recognized for all deductible
temporary differences to the extent that is probable that taxable profit will be available against which
those deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not
recognized if the temporary differences arise from the initial recognition (other than in a business
combination) of assets and liabilities in a transaction that affects neither the taxable profit nor the
accounting profit. In addition, deferred tax liabilities are not recognized if the temporary differences
arise from the initial recognition of goodwill.Deferred tax assets and liabilities are measured at the tax
rates that are expected to apply in the period in which the liability is settled or the asset realized, based
on the tax rates (and tax laws) that have been enacted, or substantively enacted, by the end of the
reporting period.The measurement of deferred tax assets and liabilities reflects the tax consequences
that would follow from the manner in which the Group expects, at the end of the reporting period, to
recover or settle the carrying amount of their assets and liabilities.The carrying amount of deferred tax
asset is reviewed at the end of each reporting period and reduced to the extent that it is no longer
probable that sufficient taxable profits will be available to allow all or part of the asset to be
recovered.Current and deferred tax are recognized as an expense or income in profit or loss, except
when they relate to items that are recognized outside of profit or loss (whether in other comprehensive
income or directly in equity), in which case the tax is also recognized outside of profit or loss, or where
they arise from the initial accounting for a business combination. In the case of a business combination,
the tax effect is included in the accounting for the business combination.Deferred tax assets and
liabilities are offset when there is legally enforceable right to set off current tax assets against current
tax liabilities and when they relate to income taxes levied by the same taxation authority on either the
same taxable entity or different taxable entities when there is an intention to settle its current tax assets
and current tax liabilities on a net basis, or to realize the assets and settle the liabilities simultaneously,
in each future period in which significant amounts of deferred tax liabilities or assets are expected to be
settled or recovered.
Page 20
Provisi Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of Provisions
a past event, it is probable that the Group will be required to settle the obligation, and a reliable
estimate can be made of the amount of the obligation.The amount recognized as a provision is the best
estimate of the consideration required to settle the present obligation at the end of the reporting period,
taking into account the risks and uncertainties surrounding the obligation. Where a provision is
measured using the cash flows estimated to settle the present obligation, its carrying amount is the
present value of those cash flows.When some or all of the economic benefits required to settle a
provision are expected to be recovered from a third party, a receivable is recognized as an asset if it is
virtually certain that reimbursement will be received and the amount of the receivable can be measured
reliably.
Imbalan kerja karyawan Defined benefit plansThe Group provides post employment benefits for its employees at least Employee benefits
equivalent with the post employment benefits as stipulated in applicable Law.The cost of providing
post-employment benefits is determined using the Projected Unit Credit method, with actuarial
valuations being carried out at the end of each annual reporting period. Remeasurement, comprising
actuarial gains and losses, is reflected immediately in the consolidated statement of financial position
with a charge or credit recognized in other comprehensive income in the period in which they
occur.Remeasurement recognized in other comprehensive income is reflected as a separate item
under other comprehensive income in equity and will not be reclassified to profit or loss. Past service
cost is recognized in profit or loss in the period of a plan amendment. interest is calculated by applying
the discount rate at the beginning of the period to the defined benefit liability. Defined benefit costs are
categorised as follows:- Service cost (including current service cost past service cost, as well as gains
and losses on curtailments and settlements);- Interest expense; and- RemeasurementThe Group
presents the first two components of defined benefit costs in profit or loss. Curtailment gains and losses
are accounted for as past service costs.The retirement benefit obligation recognized in the consolidated
statement of financial position represents the actual deficit in the Group?s defined benefit plans.A
liability for a termination benefit is recognized at the earlier of when the entity can no longer withdraw
the offer of the termination benefit and when the entity recognizes any related restructuring costs.Other
long-term benefitsThe cost of providing long-term benefits is determined using the Projected Unit Credit
method. Past service cost and actuarial gains or losses are recognized immediately in profit or loss.The
long-term employee benefits obligation recognized in the consolidated statements of financial position
represents the present value of the long-term employee benefits obligation.TerminationA liability for a
termination benefit is recognized at the earlier of when the entity can no longer withdraw the offer of the
termination benefit and when the entity recognizes any related restructuring costs.
Laba per saham Basic earnings per share is computed by dividing profit attributable to the owners of the Company by Earnings per share
the weighted average number of shares outstanding during the period.Diluted earnings per share is
computed by dividing net income attributable to the owners of the Company by the weighted average
number of shares outstanding as adjusted for the effects of all dilutive potential ordinary shares.
Pelaporan segmen Operating segments are identified on the basis of internal reports about components of the Group that Segment reporting
are regularly reviewed by the chief operating decision maker in order to allocate resources to the
segments and to assess their performances.An operating segment is a component of an entity:a) that
engages in business activities which may earn revenue and incur expenses (including revenue and
expenses relating to the transaction with other components of the same entity);b) whose operating
results are reviewed regularly by the entity?s chief operating decision maker to make decision about
resources to be allocated to the segments and assess its performance; andc) for which discrete
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financial information is available.Information reported to the chief operating decision maker for the
purpose of resource allocation and assessment of its performance is more specifically focused on the
category of each product.
Instrumen keuangan derivatif The Group enters into derivative financial instruments to manage its exposure to interest rate. Derivative financial instruments
Derivatives are initially recognized at fair value at the date the derivative contracts are entered into and
are subsequently remeasured to their fair value as at each reporting date. The resulting gain or loss is
recognized in profit or loss immediately unless the derivative is designated and effective as a hedging
instrument, in which event the timing of the recognition in profit or loss depends on the nature of the
hedge relationship.A derivative with a positive fair value is recognized as a financial asset whereas a
derivative with a negative fair value is recognized as a financial liability. Derivatives are not offset in the
financial statements unless the Group has both a legally enforceable right and intention to offset. A
derivative is presented as a non-current asset or a non-current liability if the remaining maturity of the
instrument is more than 12 months and it is not due to be realized or settled within 12 months. Other
derivatives are presented as current assets or current liabilities.
Penerapan standar akutansi baru In April 2022, the Indonesian FinancialAccounting Standards Board of the Institute of Indonesia The implementation of new statements of
Chartered Accountants (DSAK-IAI) has issued a press release and clarified the attribution of benefits to accounting standards
the periods of service for the pension program under the Manpower Act or the Job Creation Law and its
implementing regulations (Manpower Act).The Group has implemented the guidance inthe press
release and applied the necessarychanges to its accounting policies. The Group has determined that
the impact is not material to its current and prior period financial statements.
Kombinasi bisnis Acquisitions of businesses are accounted for using the acquisition method. The consideration Business combination
transferred in a business combination is measured at fair value, which is calculated as the sum of the
acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to
the former owners of the acquiree, and the equity interests issued by the Group in exchange for control
of the acquiree. Acquisition related costs are recognized in profit or loss as incurred.At the acquisition
date, the identifiable assets acquired and the liabilities assumed are recognized at their fair value
except for certain assets and liabilities that are measured in accordance with their relevant
standards.Goodwill is measured as the excess of the sum of the consideration transferred, the amount
of any non-controlling interests in the acquiree, and the fair value of the acquirer?s previously held
equity interest in the acquire (if any) over the net of the acquisition-date amounts of the identifiable
assets acquired and the liabilities assumed. If, after the reassessment, the net of the acquisition-date
amounts of the identifiable assets acquired and liabilities assumed exceeds the sum of the
consideration transferred, the amount of any non-controlling interests in the acquiree and the fair value
of the acquirer?s previously held interest in the acquiree (if any), the excess is recognized immediately
in profit or loss as a bargain purchase gain.When the consideration transferred by the Group in a
business combination includes assets or liabilities resulting from a contingent consideration
arrangement, the contingent consideration is measured at its acquisition date fair value and included as
part of the consideration transferred in a business combination.Changes in the fair value of the
contingent consideration that qualify as measurement period adjustments are adjusted retrospectively,
with corresponding adjustments against goodwill. Measurement period adjustments are adjustments
that arise from additional information obtained during the measurement period (which can not exceed
one year from the acquisition date) about facts and circumstances that existed at the acquisition
date.The subsequent accounting for changes in the fair value of the contingent consideration that do
not qualify as measurement period adjustments depends on how the contingent consideration is
classified. Contingent consideration that is classified as equity is not remeasured at subsequent
reporting dates and its subsequent settlement is accounted for within equity. Other contingent
Page 22
consideration is remeasured to fair value at subsequent reporting dates with changes in fair value
recognized in profit or loss.When a business combination is achieved in stages, the Group?s previously
held equity interest in the acquiree is remeasured to fair value at the acquisition date and the resulting
gain or loss, if any, is recognized in profit or loss. Amounts arising from interests in the acquiree prior to
the acquisition date that have previously been recognized in other comprehensive income are
reclassified to profit or loss where such treatment would be appropriate if that interests were disposed
of. If the initial accounting for a business combination is incomplete by the end of the reporting period in
which the combination occurs, the Group reports provisional amounts for the items for which the
accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or
additional assets or liabilities are recognized, to reflect new information obtained about facts and
circumstances that existed as of the acquisition date that, if known, would have affected the amount
recognized as of that date.
Transaksi dan saldo dalam mata uang asing The individual financial statements of eachGroup entity are measured and presented inthe currency of Foreign currency transactions and balances
the primary economic environment in which the entity operates (itsfunctional currency). The
consolidated financial statements of the Group are presented in U.S. Dollar (US$), which is the
functional currency of the Company and the presentation currency for the consolidated financial
statements.
Goodwill Goodwill arising on an acquisition of a business is carried at cost as established at the date of Goodwill
acquisition of the business less accumulated impairment losses, if any.Goodwill is not amortized but is
reviewed for impairment at least annually. For the purpose of impairment testing, goodwill is allocated
to each of the Group?s cash-generating units (or Group of cash-generating units) expected to benefit
from the synergies of the combination. A cashgenerating unit to which goodwill has been allocated is
tested for impairment annually, or more frequently when there is an indication that the unit may be
impaired. If the recoverable amount of the cash-generating unit is less than its carrying amount, the
impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and
then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the
unit. Any impairment loss for goodwill is recognized directly in profit or loss in the consolidated
statement of profit or loss and other comprehensive income. An impairment loss recognized for
goodwill is not reversed in subsequent periods.On disposal of the relevant cash-generating unit, the
attributable amount of goodwill is included in the determination of the profit or loss on disposal.The
Group?s policy for goodwill arising on the acquisition of a joint venture.
Aset takberwujud Intangible asset is amortized over 4 - 10 years using the straight-line method.The estimated useful life Intangible assets
and amortization method are reviewed at the end of each annual reporting period, with the effect of any
changes in estimate being accounted for on a prospective basis.
Beban dibayar dimuka Prepaid expenses are amortized over their beneficial periods using the straight-line method. Prepaid expenses
Liabilitas atas kontrak A contract liability is the cumulative amount received and contractually receivable by the Group that Contract liabilities
Page 23
exceeds the right to consideration resulting from the Group?s performance under a given contract
Instrumen keuangan Financial assets and financial liabilities are recognized on the consolidated statement of financial Financial instruments
position when the Group becomes a party to the contractual provisions of the instrument.Financial
assets and financial liabilities are initially measured at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and financial liabilities are added to or
deducted from the fair value of the financial assets and financial liabilities, as appropriate, on initial
recognition.Classification of financial assetsDebt instruments that meet the following conditions are
subsequently measured at amortized cost:? the financial asset is held within a business model whose
objective is to hold financial assets in order to collect contractual cash flows; and? the contractual terms
of the financial asset give rise on specified dates to cash flows that are solely payments of principal and
interest on the principal amount outstanding.Debt instruments that meet the following conditions are
subsequently measured at fair value through other comprehensive income (FVTOCI):? the financial
asset is held within a business model whose objective is achieved by both collecting contractual cash
flows and selling the financial assets; and? the contractual terms of the financial asset give rise on
specified dates to cash flows that are solely payments of principal and interest on the principal amount
outstanding.By default, all other financial assets are subsequently measured at fair value through profit
or loss (FVTPL).Despite the foregoing, the Group may make the following irrevocable
election/designation at initial recognition of a financial asset:? to present subsequent changes in fair
value of an equity investment in other comprehensive income if certain criteria are met; and? to
designate a debt investment that meets the amortized cost or FVTOCI criteria as measured at FVTPL if
doing so eliminates or significantly reduces an accounting mismatch.Amortized cost and effective
interest methodThe effective interest method is a method of calculating the amortized cost of a debt
instrument and of allocating interest income over the relevant period.For financial assets other than
purchased or originated credit-impaired financial assets (i.e. assets that are credit-impaired on initial
recognition), the effective interest rate is the rate that exactly discounts estimated future cash receipts
(including all fees and points paid or received that form an integral part of the effective interest rate,
transaction costs and other premiums or discounts) excluding expected credit losses, through the
expected life of the debt instrument, or, where appropriate, a shorter period, to the gross carrying
amount of the debt instrument on initial recognition. For purchased or originated creditimpaired financial
assets, a credit-adjusted effective interest rate is calculated by discounting the estimated future cash
flows, including expected credit losses, to the amortized cost of the debt instrument on initial
recognition.The amortized cost of a financial asset is the amount at which the financial asset is
measured at initial recognition minus the principal repayments, plus the cumulative amortization using
the effective interest method of any difference between that initial amount and the maturity amount,
adjusted for any loss allowance. On the other hand, the gross carrying amount of a financial asset is
the amortized cost of a financial asset before adjusting for any loss allowance.Interest income is
recognized using the effective interest method for debt instruments measured subsequently at
amortized cost and at FVTOCI.For financial instruments other than purchased or originated
credit-impaired financial assets, interest income is calculated by applying the effective interest rate to
the gross carrying amount of a financial asset.For financial assets that have subsequently become
credit-impaired, interest income is recognized by applying the effective interest rate to the amortized
cost of the financial asset. If, in subsequent reporting periods, the credit risk on the credit-impaired
financial instrument improves so that the financial asset is no longer credit-impaired, interest income is
Page 24
recognized by applying the effective interest rate to the gross carrying amount of the financial asset.For purchased or originated credit-impaired financial assets, the Group recognizes interest income by applying the credit-adjusted effective interest rate to the amortized cost of the financial asset from initial recognition. The calculation does not revert to the gross basis even if the credit risk of the financial asset subsequently improves so that the financial asset is no longer credit-impaired.Interest income is recognized in profit and loss.Financial assets at FVTPLFinancial assets that do not meet the criteria for being measured at amortized cost or FVTOCI are measured at FVTPL, specifically:? Investments in equity instruments are classified as at FVTPL, unless the Group designate an equity investment that is neither held for trading nor a contingent consideration arising from a business combination as at FVTOCI on initial recognition.? Debt instruments that do not meet the amortized cost criteria or the FVTOCI criteria are classified as at FVTPL. In addition, debt instruments that meet either the amortized cost criteria or the FVTOCI criteria may be designated as at FVTPL upon initial recognition if such designation eliminates or significantly reduces a measurement or recognition inconsistency that would arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. The Group have not designated any debt instruments as at FVTPL.Financial assets at FVTPL are measured at fair value as at each reporting date, with any fair value gains or losses recognized in profit or loss to the extent they are not part of a designated hedging relationship. The net gain or loss recognized in profit or loss includes any dividend or interest earned on the financial asset and is included in the ?other gains and losses? line item.Foreign exchange gains and lossesThe carrying amount of financial assets that are denominated in a foreign currency is determined in that foreign currency and translated at the spot rate as at each reporting date. Specifically:? For financial assets measured at amortized cost that are not part of a designated hedging relationship, exchange differences are recognized in profit or loss in the ?other gains and losses? line item;? For debt instruments measured at FVTOCI that are not part of a designated hedging relationship, exchange differences on the amortized cost of the debt instrument are recognized in profit or loss in the ?other gains and losses? line item. Other exchange differences are recognized in other comprehensive income in the investments revaluation reserve.? For financial assets measured at FVTPL that are not part of a designated hedging relationship, exchange differences are recognized in profit or loss in the ?other gains and losses? line item; and? For equity instruments measured at FVTOCI, exchange differences are recognized in other comprehensive income in the investments revaluation reserve.Impairment of financial assetsThe Group recognized a loss allowance for expected credit losses (?ECL?) on investments in debt instruments that are measured at amortized cost. No impairment loss is recognized for contract assets. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument.The Group recognizes lifetime ECL for trade receivables, other receivables and contract assets. The expected credit losses on these financial assets are estimated using a provision matrix based on historical credit loss experience of the Group, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast directionof conditions at the reporting date, including time value of money where appropriate.For all other financial instruments, the Group recognizes lifetime ECL when there has been a significant increase in credit risk since initial recognition. If, on the other hand, the credit risk on the financial instrument has not increased significantly since initial recognition, the Group measures the loss allowance for that financial instrument at an amount equal to 12-month ECL. The assessment of whether lifetime ECL should be recognized is based on significant increases in the likelihood or risk of a default occurring since initial recognition instead of on evidence of a financial asset being credit impaired at the reporting date or an actual default occurring. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial
Page 25
instrument. In contrast, 12 months ECL represents the portion of lifetime ECL that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date.Significant increase in credit risk In assessing whether the credit risk on a financial instrument has increased significantly since initial recognition, the Group compares the risk of a default occurring on the financial instrument as at the reporting date with the risk of a default occurring on the financial instrument as at the date of initial recognition. In making this assessment, the group considers both quantitative and qualitative information that is reasonable and supportable, including historical experience and forward looking information that is available without undue cost or effort. Forward-looking information considered includes the future prospects of the industries in which the Group?s debtors operate, obtained from economic expert reports, financial analysts, governmental bodies, relevant think-tanks and other similar organizations, as well as consideration of various external sources of actual and forecast economic information that relate to the Group?s core operations.In particular, the following information is taken into account when assessing whether credit risk has increased significantly since initial recognition:? An actual or expected significant deterioration in the financial instrument?s external (if available) or internal credit rating;? Significant deterioration in external market indicators of credit risk for a particular financial instrument, e.g. a significant increase in the credit spread, the credit default swap prices for the debtor, or the length of time or the extent to which the fair value of a financial asset has been less than its amortized cost;? Existing or forecast adverse changes in business, financial or economic conditions that are expected to cause a significant decrease in the debtor?s ability to meet its debt obligations;? An actual or expected significant deterioration in the operating results of the debtor;? Significant increases in credit risk on other financial instruments of the same debtor; and? An actual or expected significant adverse change in the regulatory, economic, or technological environment of the debtor that results in a significant decrease in the debtor?s ability to meet its debt obligations.Irrespective of the outcome of the above assessment, the Group presumes that the credit risk on a financial asset has increased significantly since initial recognition when contractual payments are more than 30 days past due, unless the Group has reasonable and supportable information that demonstrates otherwise.Despite the foregoing, the Group assumes that the credit risk on a financial instrument has not increased significantly since initial recognition if the financial instrument is determined to have low credit risk at the reporting date. A financial instrument is determined to have low credit risk if:a. The financial instrument has a low risk of default;b. The debtor has a strong capacity to meet its contractual cash flow obligations in the near term; andc. Adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfil its contractual cash flow obligations.The Group considers a financial asset to have low credit risk when the asset has external credit rating of ?investment grade? in accordance with the globally understood definition or if an external rating is not available, the asset has an internal rating of ?performing?. Performing means that the counterparty has a strong financial position and there is no past due amounts.The Group regularly monitors the effectiveness of the criteria used to identify whether there has been a significant increase in credit risk and revises them as appropriate to ensure that the criteria are capable of identifying significant increase in credit risk before the amount becomes past due.Definition of defaultThe Group considers the following as constituting an event of default for internal credit risk management purposes as historical experience indicates that financial assets that meet either of the following criteria are generally not recoverable:? when there is a breach of financial covenants by the debtor; or? Information developed internally or obtained from external sources indicates that the debtor is unlikely to pay its creditors, including the Group, in full (without taking into account any collateral held by the Group).Irrespective of the above analysis, the Group considers that default has occurred when a financial asset is more than 90 days past due unless the Group has reasonable and supportable
Page 26
information to demonstrate that a more lagging default criterion is more appropriate.Credit-impaired financial assetsA financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events:? significant financial difficulty of the issuer or the borrower.? a breach of contract, such as a default or past due event.? the lender(s) of the borrower, for economic or contractual reasons relating to the borrower?s financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider.? it is becoming probable that the borrower will enter bankruptcy or other financial reorganization.? the disappearance of an active market for that financial asset because of financial difficulties.? the purchase or origination of a financial asset at a deep discount that reflects the incurred credit losses.Write-off policyThe Group writes off a financial asset when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings, or in the case of trade receivables, when the amounts are over one years past due, whichever occurs sooner. Financial assets written off may still be subject to enforcement activities under the Group?s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss.Measurement and recognition of expected credit lossesThe measurement of expected credit losses is a function of the probability of default, loss given default (i.e. the magnitude of the loss if there is a default) and the exposure at default. The assessment of the probability of default and loss given default is based on historical data adjusted by forward-looking information as described above. As for the exposure at default, for financial assets, this is represented by the assets? gross carrying amount at the reporting date; for financial guarantee contracts, the exposure includes the amount drawn down as at the reporting date, together with any additional amounts expected to be drawn down in the future by default date determined based on historical trend, The Group?s understanding of the specific future financing needs of the debtors, and other relevant forward-looking information.For financial assets, the expected credit loss is estimated as the difference between all contractual cash flows that are due to the Group in accordance with the contract and all the cash flows that the Group expect to receive, discounted at the original effective interest rate.Where lifetime ECL is measured on a collective basis to cater for cases where evidence of significant increases in credit risk at the individual instrument level may not yet be available, the financial instruments are grouped on the following basis:? nature of financial instruments (i.e. The Group?s trade and other receivables and amounts due from customers are each assessed as a separate group. Loans to related parties are assessed for expected credit losses on an individual basis);? past-due status;? nature, size and industry of debtors;? external credit ratings where available.The grouping is regularly reviewed by management to ensure the constituents of each group continue to share similar credit risk characteristics.If the Group have measured the loss allowance for a financial instrument at an amount equal to lifetime ECL in the previous reporting period, but determines at the current reporting date that the conditions for lifetime ECL are no longer met, the Group measure the loss allowance at an amount equal to 12 months ECL at the current reporting date.The Group recognize an impairment gain or loss in profit or loss for all financial instruments with a corresponding adjustment to their carrying amount through a loss allowance.Derecognition of financial assetsThe Group derecognize a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party. If the Group neither transfer nor retain substantially all the risks and rewards of ownership and continues to control the transferred asset, the Group recognize their retained interest in the asset and an associated liability for amounts it may have to pay. If the Group retain substantially all the risks and rewards of ownership of a transferred financial asset, The Group continues to recognize the financial asset and also recognizes a
Page 27
collateralised borrowing for the proceeds received.On derecognition of a financial asset measured at amortized cost, the difference between the asset?s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss.Financial Liabilities and Equity InstrumentsClassification as debt or equity Debt and equity instruments issued by the Group are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.Equity instrumentsAn equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by a group entity are recognized at the proceeds received, net of direct issue costs.Financial liabilitiesFinancial liabilities are classified as either financial liabilities ?at FVTPL? or ?at amortized cost? using the effective interest method.However, financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition or when the continuing involvement approach applies, and financial guarantee contracts issued by the Group, are measured in accordance with the specific accounting policies set out below.Financial liabilities at FVTPLFinancial liabilities are classified as at FVTPL when the financial liability is 1) contingent consideration of an acquirer in a business combination to which PSAK 22 applies, 2) held for trading or 3) it is designated as at FVTPL.A financial liability is classified as held for trading if:? it has been acquired principally for the purpose of repurchasing it in the near term; or? on initial recognition it is part of a portfolio of identified financial instruments that The Group manages together and has a recent actual pattern of short-term profit-taking; or? it is a derivative, except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument.A financial liability other than a financial liability held for trading or contingent consideration of an acquirer in a business combination may be designated as at FVTPL upon initial recognition if:? such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or? the financial liability forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with The Group?s documented risk management or investment strategy, and information about The Grouping is provided internally on that basis; or? it forms part of a contract containing one or more embedded derivatives, and PSAK 71 permits the entire combined contract to be designated as at FVTPL.Financial liabilities measured at amortized costFinancial liabilities that are not 1) contingent consideration of an acquirer in a business combination, 2) held-for-trading or 3) designated as at FVTPL, are subsequently measured at amortized cost using the effective interest method.Effective interest methodThe effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period to the net carrying amount on initial recognition.Foreign exchange gains and lossesFor financial liabilities that are denominated in a foreign currency and are measured at amortized cost as at each reporting date, the foreign exchange gains and losses are determined based on the amortized cost of the instruments. These foreign exchange gains and losses are recognized in profit or loss for financial liabilities that are not part of a designated hedging relationship. For those which are designated as a hedging instrument for a hedge of foreign currency risk, foreign exchange gains and losses are recognized in other comprehensive income and accumulated in a separate component of equityThe fair value of financial liabilities denominated in a foreign currency is determined in that foreign currency and translated at the spot rate at the end of the reporting period. For financial liabilities that are measured as at FVTPL, the foreign exchange component forms part of the fair value gains or losses and is recognized in profit or loss for financial liabilities that are not part of a designated hedging relationship.Derecognition of financial liabilitiesThe
Page 28
Group derecognizes financial liabilities when, and only when, the financial liabilities are discharged,
cancelled or they expire. The difference between the carrying amount of the financial liability
derecognized and the consideration paid, including any non-cash assets transferred or liabilities
assumed, is recognized in profit or loss.When the Group exchanges with the existing lender one debt
instrument into another one with the substantially different terms, such exchange is accounted for as an
extinguishment of the original financial liability and the recognition of a new financial liability. Similarly,
the Group accounts for substantial modification of terms of an existing liability or part of it as an
extinguishment of the original financial liability and the recognition of a new liability. It is assumed that
the terms are substantially different if the discounted present value of the cash flows under the new
terms, including any fees paid net of any fees received and discounted using the original effective rate
is at least 10 per cent different from the discounted present value of the remaining cash flows of the
original financial liability. If the modification is not substantial, the difference between: (1) the carrying
amount of the liability before the modification; and (2) the present value of the cash flows after
modification is recognized in profit or loss as the modification gain or loss within other gains and losses.
Penerapan standar akuntansi baru At the date of authorization of these consolidated financial statements, the following standard, Adoption of new accounting standards
interpretation and amendments to PSAK relevant to the Group were issued but not effective, with early
application permitted:Effective for periods beginning on or after January 1, 2023PSAK 1 (amendment)
Presentation of financial statements: Classification of Liabilities as Current or Non-currentPSAK 16
(amendment) Property, Plant and Equipment: Proceeds before Intended UsePSAK 25 (amendment)
Accounting Policies, Changes in Accounting Estimates and Errors: Definition of Accounting
EstimatesPSAK 46 (amendment) Income Taxes: Deferred Tax related to Assets and Liabilities Arising
from a Single TransactionThe adoption of these amendments/improvements does not result in changes
to the Group's accounting policies and has no material impact to disclosures or on the amounts
recognized in the current period and prior years consolidated financial statements.
Standar akuntansi yang telah disahkan namun At the date of authorization of these consolidated financial statements, the following standard, Accounting standards issued but not yet
belum berlaku efektif interpretation and amendments to PSAK relevant to the Group were issued but not effective, with early effective
application permitted:Effective for periods beginning on or after January 1, 2024PSAK 1 (amendment)
Presentation of financial statements: Non-current Liabilities with CovenantsPSAK 73 (amendment)
Lease : Lease Liabilities in sale and leasebackAs of the issuance date of the consolidated financial
statements, the effects of adoptingthese amendments on the consolidated financial statements are not
known nor reasonably estimable by management.
Page 29
[1611000] Notes to the financial statements - Property, Plant, and Equipement - General Industry - Current Year
30 June 2023
Aset tetap Property, plant, and equipment
Penjabaran
Aset tetap, awal Penambahan aset Pengurangan aset Reklasifikasi aset Entitas anak baru Aset tetap, akhir
laporan keuangan
periode tetap tetap tetap aset tetap periode
aset tetap
Translation
Property, plant, Addition in property, Disposals in Reclassifications of New subsidiaries Property, plant,
adjustment in
and equipment, plant, and property, plant, and property, plant, and in property, plant, and equipment,
property, plant,
beginning period equipment equipment equipment and equipment end period
and equipment
Nilai perolehan, Tanah, dimiliki Land, directly owned Carrying amount,
15,539 15,539
kotor langsung gross
Bangunan dan Building and
fasilitasnya, dimiliki leasehold
43,786 173 8 43,967
langsung improvement, directly
owned
Alat berat, dimiliki Heavy equipment,
546,910 ( 6,322 ) 15,771 1,115 557,474
langsung directly owned
Perabot dan Furniture and office
peralatan kantor, 9,507 404 5 9,916 equipment, directly
dimiliki langsung owned
Lainnya, dimiliki Others, directly
2,821 2,821
langsung owned
Dimiliki langsung 615,742 ( 6,322 ) 16,348 1,128 2,821 629,717 Directly owned
Mesin dan alat berat, Machinery and heavy
dalam penyelesaian 32,016 20,596 ( 15,474 ) 104 37,242 equipment, assets
under construction
Aset dalam Assets under
32,016 20,596 ( 15,474 ) 104 37,242
penyelesaian construction
Aset tetap Property, plant, and
647,758 20,596 ( 6,322 ) 874 1,232 2,821 666,959
equipment
Akumulasi Bangunan dan Building and Carrying amount,
depresiasi fasilitasnya, dimiliki leasehold accumulated
13,634 1,920 6 15,560
langsung improvement, directly depreciation
owned
Alat berat, dimiliki Heavy equipment,
392,994 23,444 ( 6,322 ) 3,238 454 413,808
langsung directly owned
Perabot dan Furniture and office
peralatan kantor, 8,318 273 3 8,594 equipment, directly
Page 30
dimiliki langsung owned
Dimiliki langsung 414,946 25,637 ( 6,322 ) 3,238 463 437,962 Directly owned
Aset tetap Property, plant, and
414,946 25,637 ( 6,322 ) 3,238 463 437,962
equipment
Nilai perolehan Aset tetap Property, plant, and Carrying amount
232,812 228,997
equipment
Page 31
[1611000] Notes to the financial statements - Property, Plant, and Equipement - General Industry - Prior Year
31 December 2022
Aset tetap Property, plant, and equipment
Penjabaran laporan
Aset tetap, awal Penambahan aset Pengurangan aset Reklasifikasi aset Aset tetap, akhir
keuangan aset
periode tetap tetap tetap periode
tetap
Translation
Property, plant, and Reclassifications of Property, plant,
Addition in property, Disposals in property, adjustment in
equipment, property, plant, and and equipment,
plant, and equipment plant, and equipment property, plant, and
beginning period equipment end period
equipment
Nilai perolehan, kotor Tanah, dimiliki Land, directly owned Carrying amount,
15,539 15,539
langsung gross
Bangunan dan Building and leasehold
fasilitasnya, dimiliki 30,939 ( 2,155 ) 15,016 ( 14 ) 43,786 improvement, directly
langsung owned
Alat berat, dimiliki Heavy equipment,
546,210 ( 55,626 ) 58,532 ( 2,206 ) 546,910
langsung directly owned
Perabot dan peralatan Furniture and office
kantor, dimiliki 9,146 ( 293 ) 663 (9) 9,507 equipment, directly
langsung owned
Dimiliki langsung 601,834 ( 58,074 ) 74,211 ( 2,229 ) 615,742 Directly owned
Aset hak guna 0 0 Right of use assets
Mesin dan alat berat, Machinery and heavy
dalam penyelesaian 28,631 57,243 ( 53,773 ) ( 85 ) 32,016 equipment, assets
under construction
Aset dalam Assets under
28,631 57,243 ( 53,773 ) ( 85 ) 32,016
penyelesaian construction
Aset tetap Property, plant, and
630,465 57,243 ( 58,074 ) 20,438 ( 2,314 ) 647,758
equipment
Akumulasi depresiasi Bangunan dan Building and leasehold Carrying amount,
fasilitasnya, dimiliki 11,867 3,927 ( 2,155 ) (5) 13,634 improvement, directly accumulated
langsung owned depreciation
Alat berat, dimiliki Heavy equipment,
381,711 48,512 ( 49,236 ) 12,711 ( 704 ) 392,994
langsung directly owned
Perabot dan peralatan Furniture and office
kantor, dimiliki 7,732 882 ( 293 ) (3) 8,318 equipment, directly
langsung owned
Dimiliki langsung 401,310 53,321 ( 51,684 ) 12,711 ( 712 ) 414,946 Directly owned
Page 32
Aset hak guna 0 0 Right of use assets
Aset dalam Assets under
0 0
penyelesaian construction
Aset tetap Property, plant, and
401,310 53,321 ( 51,684 ) 12,711 ( 712 ) 414,946
equipment
Nilai perolehan Aset tetap Property, plant, and Carrying amount
229,155 232,812
equipment
Page 33
[1611100] Disclosure of Notes to the financial statements - Property, Plant and Equipment - General Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas aset tetap The Group reclassified its plant, equipment and vehicles on June 30, 2023 amounted to US$ 874 Disclosure of notes for property, plant and
thousand (December 31, 2022: US$ 20.438 thousand) which recognized to right-of-use of equipment
asset.Management does not foresee any events that may occur that would prevent completion of such
construction in progress.The Company owns several parcels of land located in West Nusa Tenggara,
Balikpapan, Kabupaten Paser East Kalimantan and Timika measuring 290,582 square meters with
?Building Use Rights? for a period of 20 and 30 years, until 2028, 2029, 2030, 2043, 2048 and 2051,
respectively. Management believes that there will be no difficulty in the extension of the landrights since
they were acquired legally and supported by sufficient evidence of ownership.Property, plant and
equipment includes fully depreciated assets but are still in use with acquisition cost of US$ 24,470
thousand as of June 30, 2023 (December 31, 2022: US$ 19,347 thousand).Plant, equipment and
vehicles with carrying amount of US$ 126,962 thousand as of June 30, 2023 are pledged as collateral
for long-term loans from third parties (December 31, 2022: US$ 22,919 thousand).As of June 30, 2023,
all inventories, plant, equipment and vehicles, and fixtures were insured through a consortium led by
PT Asuransi Cakrawala Proteksi Indonesia against all risks for US$ 598,706 thousand (December 31,
2022: US$ 598,838 thousand ). Management believes that the insurance coverage is adequate to
cover possible losses on the assets insured.The management believes that the carrying amount of the
Group?s property, plant and equipment is not significantly different with their fair values.
Page 34
[1612000] Notes to the financial statements - Right of Use Assets - General Industry - Current Year
30 June 2023
Aset hak guna Right of use assets
Penjabaran laporan
Aset hak guna, Penambahan aset Pengurangan aset Reklasifikasi aset hak Aset hak guna,
keuangan aset hak
periode awal hak guna hak guna guna periode akhir
guna
Translation
Right of use assets, Addition in right of use Disposals in right of Reclassifications of right Right of use
adjustment in right of
beginning period assets use assets of use assets assets, end period
use assets
Nilai perolehan, kotor Alat berat, aset hak Heavy equipment, Carrying amount, gross
56,000 ( 991 ) 1,254 279 56,542
guna right of use assets
Bangunan, aset hak Building, right of use
17 ( 17 ) 0
guna assets
Lainnya, aset hak Others, right of use
4,623 1,054 ( 2,128 ) 3,549
guna assets
Aset hak guna 60,640 1,054 ( 1,008 ) ( 874 ) 279 60,091 Right of use assets
Akumulasi depresiasi Alat berat, aset hak Heavy equipment, Carrying amount,
25,121 4,149 ( 977 ) ( 3,238 ) 297 25,352
guna right of use assets accumulated
Bangunan, aset hak Building, right of use depreciation
17 ( 17 ) 0
guna assets
Lainnya, aset hak Others, right of use
1,553 115 1,668
guna assets
Aset hak guna 26,691 4,264 ( 994 ) ( 3,238 ) 297 27,020 Right of use assets
Nilai perolehan Aset hak guna 33,949 33,071 Right of use assets Carrying amount
Page 35
[1612000] Notes to the financial statements - Right of Use Assets - General Industry - Prior Year
31 December 2022
Aset hak guna Right of use assets
Penjabaran laporan
Aset hak guna, Penambahan aset Pengurangan aset Reklasifikasi aset hak Aset hak guna,
keuangan aset hak
periode awal hak guna hak guna guna periode akhir
guna
Translation
Right of use assets, Addition in right of use Disposals in right of Reclassifications of right Right of use
adjustment in right of
beginning period assets use assets of use assets assets, end period
use assets
Nilai perolehan, kotor Alat berat, aset hak Heavy equipment, Carrying amount, gross
75,330 6,316 ( 8,882 ) ( 15,694 ) ( 1,070 ) 56,000
guna right of use assets
Bangunan, aset hak Building, right of use
17 17
guna assets
Lainnya, aset hak Others, right of use
3,486 5,881 ( 4,744 ) 4,623
guna assets
Aset hak guna 78,833 12,197 ( 8,882 ) ( 20,438 ) ( 1,070 ) 60,640 Right of use assets
Akumulasi depresiasi Alat berat, aset hak Heavy equipment, Carrying amount,
38,973 6,432 ( 6,984 ) ( 12,711 ) ( 589 ) 25,121
guna right of use assets accumulated
Bangunan, aset hak Building, right of use depreciation
12 5 17
guna assets
Lainnya, aset hak Others, right of use
1,323 230 1,553
guna assets
Aset hak guna 40,308 6,667 ( 6,984 ) ( 12,711 ) ( 589 ) 26,691 Right of use assets
Nilai perolehan Aset hak guna 38,525 33,949 Right of use assets Carrying amount
Page 36
[1612100] Disclosure of Notes to the financial statements - Right of Use Assets - General Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas aset hak guna As of June 30, 2023 and December 31, 2022, the Group entered into sale and leaseback agreements Disclosure of notes for right of use assets
for its heavy equipment with financing Company for a period of 4 to 5 years (Note 24). After an
evaluation of the terms and substance of the sale and leaseback arrangement during the period, the
Group?s management has determined that all the risks and rewards incidental to ownership of the
heavy equipment still rest with the lessee and classified the transactions as lease liabilities.For the
six-month periods ended June 30, 2023, certain leases for plant and equipment were expired. The
expired contracts were replaced by new leases for identical underlying assets. This resulted in
additions to right-of-use assets of US$ 1.054 thousand in 2023 (December 31, 2022: US$ 12,197
thousand). For the six-month periods ended June 30, 2023, there are leases for equipment that has
been fully repaid and therefore owned by the Company, hence, the equipment is reclassified as
property - direct ownership.
Page 37
[1616000] Notes to the financial statements - Revenue By Parties - General
Industry
Catatan untuk pendapatan berdasarkan Notes for revenue by parties
pihak
30 June 2023 30 June 2022
Penjualan dan Penjualan dan
Nama pihak
pendapatan usaha pendapatan usaha
Party name Sales and revenue Sales and revenue
Pihak berelasi 1 Fluor Petrosea Related party 1
6,637 12,128
Joint Organization
Pihak berelasi 2 PT Nusa Related party 2
Halmahera 8,549 0
Minerals
Pihak berelasi 15,186 12,128 Related parties
Pihak ketiga 1 PT Kideco Jaya Third party 1
76,201 83,889
Agung
Pihak ketiga 2 PT Freeport Third party 2
73,815 46,847
Indonesia
Pihak ketiga 3 PT Central Cipta Third party 3
52,195 0
Murdaya
Pihak ketiga lainnya Lainnya 56,520 63,537 Other third parties
Pihak ketiga 258,731 194,273 Third parties
Tipe pihak 273,917 206,401 Type of parties
Page 38
[1616100] Disclosure of Notes to the financial statements - Revenue - General Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas pendapatan The Group?s revenue is recognized over time for the three-month periods ended June 30, 2023 and Disclosure of notes for revenue
2022.Total revenue from related parties amounted to US$ 15,186 thousand for the june-month periods
ended June 30, 2023 (2022: US$ 12,128 thousand).Management expects that US$ 1,717,592
thousand will be recognized as revenue for the year 2023.
Page 39
[1617000] Notes to the financial statements - Revenue By Type - General
Industry
Catatan untuk tipe pendapatan Notes for revenue by type
30 June 2023 30 June 2022
Nama produk atau Penjualan dan Penjualan dan
jasa pendapatan usaha pendapatan usaha
Service or product name Sales and revenue Sales and revenue
Pendapatan dari jasa 1 Mining 179,131 138,329 Service revenue 1
Pendapatan dari jasa 2 Engineering, Service revenue 2
Procurement, and 71,908 41,069
Construction
Pendapatan dari jasa 3 Services 21,664 25,731 Service revenue 3
Pendapatan jasa Other service revenue
Other 1,214 1,272
lainnya
Pendapatan dari jasa 273,917 206,401 Service revenue
Pendapatan dari Product revenue
0 0
produk
Tipe pendapatan 273,917 206,401 Type of revenue
Page 40
[1619000] Notes to the financial statements - Revenue With Value More Than
10% - General Industry
Catatan untuk pendapatan lebih dari 10% Note for revenue with value
more than 10%
30 June 2023 30 June 2022
Penjualan dan Penjualan dan
Nama pihak
pendapatan usaha pendapatan usaha
Party name Sales and revenue Sales and revenue
Pihak 1 PT Kideco Jaya Party 1
76,201 83,889
Agung
Pihak 2 PT Freeport Party 2
73,815 46,847
Indonesia
Pihak 3 PT Central Cipta Party 3
52,195 9,642
Murdaya
Pihak lainnya dengan Other parties with
pendapatan lebih dari Lainnya 71,706 66,023 revenue more than
10% 10%
Pihak dengan Party with revenue
pendapatan lebih dari 273,917 206,401 more than 10%
10%
Page 41
[1620100] Notes to the financial statements - Trade receivables, by currency - General Industry
Piutang usaha berdasarkan mata uang Trade receivables by currency
30 June 2023 31 December 2022
Penyisihan Penyisihan
Piutang usaha, kotor penurunan nilai Piutang usaha Piutang usaha, kotor penurunan nilai Piutang usaha
piutang usaha piutang usaha
Allowance for Allowance for
Trade receivables, Trade receivables,
impairment of trade Trade receivables impairment of trade Trade receivables
gross gross
receivables receivables
Pihak ketiga IDR 72,543 67,893 IDR Third party
USD 16,560 14,730 USD
Mata uang 89,103 ( 63 ) 89,040 82,623 ( 43 ) 82,580 Currency
Pihak berelasi IDR 32,914 23,871 IDR Related party
Mata uang 32,914 ( 75 ) 32,839 23,871 (0) 23,871 Currency
Page 42
[1620200] Notes to the financial statements - Trade receivables, by aging - General Industry
Piutang usaha berdasarkan umur Trade receivables by aging
30 June 2023 31 December 2022
Penyisihan Penyisihan
Piutang usaha, kotor penurunan nilai Piutang usaha Piutang usaha, kotor penurunan nilai Piutang usaha
piutang usaha piutang usaha
Allowance for Allowance for
Trade receivables, Trade receivables,
impairment of trade Trade receivables impairment of trade Trade receivables
gross gross
receivables receivables
Belum jatuh tempo Umur 100,110 90,127 Aging Not yet due
Telah jatuh tempo 1 - 30 hari 4,975 11,578 1 - 30 days Overdue
31 - 60 hari 1,724 4,630 31 - 60 days
61 - 90 hari 151 109 61 - 90 days
91 - 120 hari 3,590 2 91 - 120 days
121 - 180 hari 11,440 23 121 - 180 days
181 - 360 hari 23 9 181 - 360 days
Lebih dari 360 hari 4 16 More than 360 days
Umur 21,907 16,367 Aging
Jatuh tempo Umur 122,017 ( 138 ) 121,879 106,494 ( 43 ) 106,451 Aging Due status
Page 43
[1620300] Notes to the financial statements - Trade receivables, by list of counterparty - General Industry
Rincian piutang usaha berdasarkan rincian pihak Trade receivables by list of counterparty
30 June 2023 31 December 2022
Penyisihan Penyisihan
Nama pihak, piutang Piutang usaha, Piutang usaha,
penurunan nilai Piutang usaha penurunan nilai Piutang usaha
usaha kotor kotor
piutang usaha piutang usaha
Allowance for Allowance for
Counterparty name, Trade receivables, Trade receivables,
impairment of trade Trade receivables impairment of trade Trade receivables
trade receivables gross gross
receivables receivables
Pihak ketiga Pihak 1 PT Hardaya Rank 1, counterparty Third party
17,560 32,353
Mining Energy
Pihak 2 PT Kideco Jaya Rank 2, counterparty
16,881 18,858
Agung
Pihak 3 PT Freeport Rank 3, counterparty
10,852 16,988
Indonesia
Pihak 4 PT Kartika Rank 4, counterparty
9,793 7,754
Selabumi Mining
Pihak 5 PT Masmindo Rank 5, counterparty
8,133 1,396
Dwi Area
Pihak 6 PT Indo Bara Rank 6, counterparty
7,705 986
Pratama
Pihak 7 PT Santana Rank 7, counterparty
5,579 0
Rekso Nidhana
Pihak 8 PT Manyar Maju Rank 8, counterparty
1,606 0
Refinery
Pihak 9 BP Berau 1,088 2,027 Rank 9, counterparty
Pihak 10 PT Trakindo Rank 10, counterparty
1,075 0
Utama
Pihak lainnya Lain-lain Others, counterparty
(dibawah US$ 8,831 2,261
500 ribu)
Rincian pihak 89,103 ( 63 ) 89,040 82,623 ( 43 ) 82,580 List of counterparty
Pihak berelasi Pihak 1 Flour Petrosea Rank 1, counterparty Related party
Joint 20,045 14,998
Organization
Pihak 2 PT Nusa Rank 2, counterparty
Halmahera 12,858 8,873
Page 44
Minerals
Pihak 3 0 Rank 3, counterparty
Pihak 4 0 Rank 4, counterparty
Pihak 5 0 Rank 5, counterparty
Pihak 6 0 Rank 6, counterparty
Pihak 7 0 Rank 7, counterparty
Pihak lainnya Lain-lain Others, counterparty
(dibawah US$ 11 0
100 ribu)
Rincian pihak 32,914 ( 75 ) 32,839 23,871 (0) 23,871 List of counterparty
Page 45
[1620500] Notes to the financial statements - Trade receivable, movement of
allowance for impairment of Trade receivables - General Industry
Pergerakan penurunan nilai piutang Movement of allowance for
usaha impairment of trade receivables
30 June 2023 31 December 2022
Penyisihan penurunan nilai Allowance for impairment of
piutang usaha, awal periode 43 1,548 trade receivables, beginning
period
Penambahan penyisihan Addition of allowance for
95
penurunan nilai piutang usaha impairment of trade receivables
Pengurangan mutasi penurunan Reduction of movement of
nilai piutang usaha ( 1,505 ) allowance for impairment of trade
receivables
Penyisihan penurunan nilai Allowance for impairment of
piutang usaha, akhir periode 138 43 trade receivables, ending
period
Page 46
[1621000] Disclosure of Notes to the financial statements - Trade Receivables - General Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas piutang usaha The average credit period on revenues is 7 ? 60 days (2022: 14 ? 60 days). No interest is charged on Disclosure of notes for trade receivables
trade accounts receivable.Allowance for credit losses for trade accounts receivable has been measured
at an amount equal to lifetime ECL. The ECL on trade accounts receivable are estimated using a
provision matrix by reference to past default experience of the debtor and an analysis of the debtor?s
current financial position, adjusted for factors that are specific to the debtors, general economic
conditions of the industry in which the debtors operate and forward looking information. The Company
has provided a full allowance against all receivables over 1 year past due because historical
experience has indicated that these receivables are generally not recoverable.There has been no
change in the estimation techniques or significant assumptions made during the current reporting
period.When applying a provision matrix to the Group's trade accounts receivable, the population of
individual trade account receivables were aggregated into groups of receivables that share similar
credit risk characteristics, determined based on the Group's revenue stream. The trade account
receivable are grouped into engineering and construction segment, service (warehouse fees and
handling fees), mining services, and other services. Total collective ECL recognized for engineering
and construction segment, service (warehouse fees and handling fees), mining services and other
services amounting to US$ 0.3 thousand, US$ 28 thousand, US$ 105 thousand and US$ 4.7 thousand,
respectively (December 31, 2022: US$ 42.6 thousand, US$ 0.5 thousand, US$ 0.2 thousand and
nil)Management believes that the allowance for impairment losses on trade accounts receivable is
adequate.There are no trade accounts receivable used as collateral for the short-term bank loan
facilities.
Page 47
[1630000] Notes to the financial statements - Inventories - General Industry
Catatan atas persediaan Notes for inventories
30 June 2023 31 December 2022
Suku cadang 19,348 19,213 Spareparts
Batubara 1,562 Coal
Lainnya 593 596 Other inventories
Persediaan, kotor 21,503 19,809 Inventories, gross
Cadangan penurunan nilai Allowance for impairment
( 1,350 ) ( 1,292 )
persediaan of inventories
Persediaan 20,153 18,517 Inventories
Persediaan lancar 20,153 18,517 Current inventories
Mutasi cadangan penurunan nilai Movement of allowance for
persediaan impairment of inventories
30 June 2023 31 December 2022
Saldo awal Penyisihan Allowance for Impairment of
1,292 529
Penurunan Nilai Persediaan Inventories, beginning balance
Kenaikan/(penurunan) cadangan Increase/(decrease) for
penurunan nilai persediaan 58 763 allowance for impairment of
inventories
Saldo akhir Penyisihan Allowance for Impairment of
1,350 1,292
Penurunan Nilai Persediaan Inventories, ending balance
Page 48
[1632000] Disclosure of Notes to the financial statements - Inventories - General Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas persediaan Management believes that the allowance for stock obsolescence on inventories is adequate.At June Disclosure of notes for inventories
30, 2023 and December 31, 2022, all inventories were insured through a consortium led by PT
Asuransi Cakrawala Proteksi Indonesia with insurance coverage amounted US$ 17,605 thousand
(December 31, 2022: US$ 16,878 thousand). Management believes that the insurance coverage is
adequate to cover possible losses on the inventories insured.For the six-month periods ended June 30,
2023, total cost of inventories recognized as expense amounted US$ 33,902 thousand (2022: US$
34,617 thousand).There are no balances of inventories used as collateral for the Group?s loans.
Page 49
[1640100] Notes to the financial statements - Trade Payable, by currency - General Industry
Utang usaha berdasarkan mata uang Trade payables by currency
30 June 2023 31 December 2022
Utang usaha Utang usaha
Trade payables Trade payables
Pihak ketiga IDR 122,915 95,839 IDR Third party
AUD 4,454 1,476 AUD
EUR 2,578 683 EUR
GBP 2 GBP
SGD 37 85 SGD
USD 6,935 19,778 USD
Mata uang 136,921 117,861 Currency
Pihak berelasi IDR 674 IDR Related party
USD 840 USD
Mata uang 840 674 Currency
Page 50
[1640300] Notes to the financial statements - Trade Payable, by list of counterparty - General Industry
Rincian utang usaha berdasarkan rincian pihak Trade payables by list of counterparty
31 December
30 June 2023
2022
Nama pihak, utang usaha Utang usaha Utang usaha
Counterparty name, trade
Trade payables Trade payables
payables
Pihak ketiga Pihak 1 Local 128,263 113,220 Rank 1, counterparty Third party
Pihak 2 Foreign 8,658 4,641 Rank 2, counterparty
Rincian pihak 136,921 117,861 List of counterparty
Pihak berelasi Pihak 1 840 674 Rank 1, counterparty Related party
Pihak 2 0 Rank 2, counterparty
Pihak 3 0 Rank 3, counterparty
Pihak 4 0 Rank 4, counterparty
Pihak 5 0 Rank 5, counterparty
Pihak 6 0 Rank 6, counterparty
Pihak 7 0 Rank 7, counterparty
Pihak lainnya 0 Others, counterparty
Rincian pihak 840 674 List of counterparty
Page 51
[1641000] Disclosure of Notes to the financial statements - Trade Payables - General Industry
Page 52
[1670000] Notes to the financial statements - Cost of Good Sold - General
Industry
Beban pokok penjualan Cost of good sold
30 June 2023 30 June 2022
Persediaan bahan baku awal 0 0 Beginning raw inventory
Bahan baku yang digunakan 0 0 Raw inventory used
Material 21,722 11,235 Material usage
Subkontraktor 55,238 26,732 Subcontractor
Upah, tenaga kerja langsung 57,279 41,717 Wages and direct labor
Amortisasi 2,051 1,141 Amortization
Depresiasi 29,683 27,133 Depreciation
Sewa 8,886 11,173 Rent cost
Jumlah biaya produksi 174,859 119,131 Total production cost
Harga pokok produksi 174,859 119,131 Cost of goods manufactured
Beban pokok pendapatan Other cost of goods sold
58,391 57,062
lainnya
Beban pokok penjualan dan Cost of sales and revenue
233,250 176,193
pendapatan
Page 53
[1671000] Disclosure of Notes to the financial statements - Cost of Goods Sold - General Industry
Page 54
[1691000a] Notes to the financial statements - Long-Term Bank Loans - General Industry
Catatan untuk utang bank jangka panjang Notes for long-term bank loan
30 June 2023 31 December 2022
Utang bank, nilai dalam Utang bank, nilai dalam
Total utang bank, kotor Total utang bank, kotor
mata uang asing mata uang asing
Bank loan, amount in Bank loan, amount in
Total bank loans, gross Total bank loans, gross
foreign currency foreign currency
Bank Mandiri (Persero) Tbk IDR 176,463 176,463 9,379 9,379 IDR Bank Mandiri (Persero) Tbk
USD 29,014 29,014 34,743 34,743 USD
Mata uang 205,477 44,122 Currency
Kreditur nama bank Mata uang 205,477 44,122 Currency Creditor bank name
Catatan untuk utang bank jangka panjang Notes for long-term bank loan
30 June 2023 31 December 2022
Total utang bank, kotor 205,477 44,122 Total bank loans, gross
Page 55
[1691100] Disclosure of Notes to the financial statements - Long-Term Bank Loans - General Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas utang bank jangka PT Bank Mandiri (Persero) Tbk (Mandiri)Mandiri and the Company agreed to have bank facilities, as Disclosure of notes for long-term bank loans
panjang follows:a. Non-cash loan facilityMandiri and Company entered into non-cashloan non-revolving facility
agreement for Bank Guarantee (BG) and/or SBLC and/or LC and/or Surat Kredit Berdokumen Dalam
Negeri (SKBDN) on December 29, 2014 amounting to US$ 30 million. On December 27, 2017, the
non-revolving facility was increased to US$ 50 million. The interest rate of this nonrevolving facility is
1.00% per annum from the published BG/SBLC value. On July 10, 2020, the Company and Mandiri
converted non-cash non-revolving loan facility letter of credit to 360 days. On December 8, 2021, the
Company converted SKBDN/LC non-revolving facility to global line with PTKBL until October 9, 2024.
Mandiri and Company has agreed to amend the BG and/or SBLC non-revolving facility several times,
with the last amendment on October 10, 2022 related to the extension of the non-revolving facility for
the issuance of bank guarantees/SBLC up to October 9, 2023.As of June 30, 2023, the utilized portion
of these bank guarantees amounted to US$ 20,567 thousand (December 31, 2022: US$ 17,300
thousand).b. Treasury line facility 1 ? foreign exchange hedging Mandiri and Company entered into
treasury line facility agreement on December 29, 2014 with the limit amounting to US$ 5 million. On
December 27, 2017, the facitly limit was increased to US$ 15 million and on February 5, 2020, the
facility limit also updated to US$ 50 million. Mandiri and Company has agreed to amend the facility
several times, with the last amendment on October 10, 2022 related to the extension and changes of
facility limit to US$ 5 million to conduct forward buy and sale, and option transactions to reduce foreign
exchange risk (hedging), valid until October 9, 2023. As of June 30, 2023, the facility has not been
used yet by the Company.c. Treasury line facility 2- Interest Rate SwapOn October 9, 2018, Mandiri
and the Company agreed to have a treasury line facility 2 ? interest rate swap with the limit of US$ 60
million. This facility is for the interest rate swap cashflow hedging. On June 10, 2020, the limit of such
facility was increased to US$ 267 million. The facility has been extended until June 9, 2025. d. Cash
loan facilitiesi. Term loan IOn June 10, 2020, the Company and Mandiri have signed Term Loan I
nonrevolving facility amounting US$ 50 million or equivalent IDR with interest rate 1.85% plus three
months LIBOR for US$ or 3.75% plus three months JIBOR for IDR. This non-revolving facility aims to
finance the Company?s heavy equipment and machinery capital expenditure.On December 22, 2020,
the Company together with PTKBL and Mandiri signed an amendment of the Term Loan I facility. This
change is related to the addition of a debtor, PTKBL. On April 7, 2021, PTKBL made a drawdown of Rp
47 billion for Term Loan I facility. On June 9, 2021, PTKBL made a drawdown of Rp 57 billion for Term
Loan I facility. This change is related to the addition of a debtor, PTKBL.On April 7, 2021, PTKBL made
a drawdown of Rp 47 billion for Term Loan I facility.On June 9, 2021, PTKBL made a drawdown of Rp
57 billion for Term Loan I facility.On November 17, 2021, PTKBL made a drawdown of Rp 18 billion for
Term Loan I facility. On March 31, 2023, the Company utilized the non-revolving facility amounted to
US$ 21.94 million (December 31, 2022: US$ 21.94 million). The nonrevolving facilities will mature on
July 23, 2025.On August 23, 2022, Mandiri increased the interest rate in relation to the changes in the
Company?s shareholder to three months Secured Overnight Financing Rate (?SOFR?) term plus
Credit Adjustment Spread (?CAS?) and margin of 2.85% per annum.ii. Term loan IIOn December 22,
2020, the Company and Mandiri signed a Term Loan II nonrevolving facility amounting to US$ 41.5
million, with an interest rate of 2% plus three months LIBOR. This nonrevolving facility aims to finance
Page 56
the cashflow gap in connection with the repayment of related party loans. On August 23, 2022, Mandiri increased the interest rate in relation to the changes in the Company?s shareholder to three months Secured Overnight Financing Rate (?SOFR?) term plus Credit Adjustment Spread (?CAS?) and margin of 3.00% per annum. As of March 31, 2023, the nonrevolving facility has been fully utilized by the Company. The non-revolving facility will mature on December 23, 2025.iii. Senior Secured Term LoanOn March 21, 2023, the Company and Mandiri signed a credit facility agreement (senior secured term loan facility) amounting to US$ 91.5 million with an interest rate of three months Secured Overnight Financing Rate (?SOFR?) term plus margin of 2.85% per annum and Rp 1.4 trillion with an interest rate of three months JIBOR plus margin of 2.45% per annum with 60 months tenor. The facility will be used for funding business development through acquisition and investment of mining assets as well as strengthening the Company's working capital.On March 30, 2023, the Company disbursed the facility to finance the Company's working capital needs of Rp 1.2 trillion with an interest rate of the three-month Jibor term plus a margin of 2.45% per annum.On June 26, 2023, the Company disbursed the facility to finance the Company's working capital needs of US$ 91.500 thousand with an interest rate of the three-month SOFR term plus a margin of 2.85% per annum.
Page 57
[1692000] Notes to the financial statements - Long-Term Bank Loans Interest Information - General Industry
30 June 2023
Catatan untuk utang bank jangka panjang Notes for long-term
bank loan
Utang bank, nilai dalam mata uang
asing
Bank loan, amount in foreign currency
Bank Mandiri (Persero) Tbk IDR 176,463 IDR Bank Mandiri (Persero) Tbk
Page 58
[1693000] Notes to the financial statements - Short-Term Bank Loans - General Industry
Catatan utang bank jangka pendek Notes for short-term bank loans
30 June 2023 31 December 2022
Utang bank jangka Utang bank jangka
Utang bank jangka Utang bank jangka
pendek, nilai dalam mata pendek, nilai dalam mata
pendek pendek
uang asing uang asing
Short-term bank loan, Short-term bank loan,
Short term bank loans Short term bank loans
amount in foreign currency amount in foreign currency
Bank Mandiri (Persero) Tbk USD 30,000 30,113 30,000 30,052 USD Bank Mandiri (Persero) Tbk
Mata uang 30,113 30,052 Currency
Bank asing lainnya IDR 4,659 4,728 IDR Other foreign banks
USD 10,000 10,042 15,000 15,094 USD
Mata uang 14,770 15,094 Currency
Kreditur nama bank Mata uang 44,883 45,146 Currency Creditor bank name
Page 59
[1693100] Disclosure of Notes to the financial statements - Short-Term Bank Loans - General Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas utang bank jangka PT Bank Mandiri (Persero) Tbk (Mandiri) On October 9, 2018, Mandiri and the Company agreed to Disclosure of notes for short-term bank loans
pendek have a new working capital credit facility (?WCC?) amounting to US$ 30 million with an interest rate of
2% plus three months London Interbank Offered Rate (?LIBOR?). On October 9, 2021, the WCC
facility has been extended until September 28, 2022.On October 9, 2022, WCC facility is extended to
October 9, 2023 with interest rate of three months Secured Overnight Financing Rate (?SOFR?) term
plus three months Credit Adjustment Spread (?CAS?) and margin of 3.00% per annum.On June 30,
2022, the Company utilized the shortterm loan facility from Mandiri to finance the Company?s general
working capital requirements amounting US$ 24,245 thousand with interest rate of three months
London Interbank Offered Rate (?LIBOR?) plus 3.00% per annum. The loan facility has been paid on
December 14, 2022.The Company then utilized the short-term loan facility amounting to US$ 24,245
thousand with interest rate of three months Secured Overnight Financing Rate (?SOFR?) term plus
Credit Adjustment Spread (?CAS?) and margin of 3.00% per annum. The loan facility matured on June
14, 2023.On September 15, 2022, the Company utilized the short-term loan facilities from Mandiri to
finance the Company?s general working capital requirements amounting US$ 5,755 thousand with
interest rate of three months Secured Overnight Financing Rate (?SOFR?) term plus Credit Adjustment
Spread (?CAS?) and margin of 3.00% per annum. The facility matured on June 15, 2023.On June 14,
2023, the Company utilized the shortterm loan facilities from Mandiri to finance the Company?s general
working capital requirements amounting US$ 30 million with interest rate of three months Secured
Overnight Financing Rate (?SOFR?) term plus Credit Adjustment Spread (?CAS?) and margin of
3.00% per annum. The facility matured on September 14, 2023.PT Bank HSBC Indonesia (HSBC)On
April 13, 2022, the Company and HSBC signed new Working Capital Facility amounting to US$ 15
million.On June 30, 2022, the Company utilized the shortterm loan facilities from HSBC to finance the
Company?s general working capital requirements amounting US$ 10 million with interest rate of three
months Secured Overnight Financing Rate (?SOFR?) term plus margin of 2.00% per annum. The loan
facility has been paid on December 7, 2022.The Company then utilized the short-term facility
amounting to US$ 10,000 thousand with interest rate of three months Secured Overnight Financing
Rate (?SOFR?) term plus margin of 2.00% per annum. This facility matured on June 5, 2023.On
November 30, 2022, the Company utilized the short-term loan facilities from HSBC to. finance the
Company?s general working capital requirements amounting US$ 5 million with interest rate of
Secured Overnight Financing Rate (?SOFR?) term plus margin of 2.00% per annum. This facility has
been settled on January 26, 2023.On January 26, 2023, the Company utilized a shortterm loan facility
from HSBC to finance the Company's working capital needs amounted to Rp 70 billion with an interest
rate of the Jibor term plus a margin of 1.38% per annum. This facility has been fully paid on July 25,
2023.On June 08, 2023, the Company utilized a short-term loan facility from HSBC to finance the
Company's working capital needs amounted to US$ 10.000 thousand with an interest rate of the SOFR
Term plus a margin of 2% per annum. The facility matured on Augusts 08, 2023.The facility above
requires the Company to maintain certain covenants. As of March 31, 2023, the Company has
complied with these covenants.The interest incurred on short-term bank loans for the six-month periods
Page 60
ended June 30, 2023 amounted to US$ 1,741 thousand (2022: US$ 6 thousand) (Note 29).The above loan facilities contain certain covenants which, among others, restrict the Group to alteration in their majority shareholder and maintain minimum tangible net worth US$ 90,000 thousand.
Page 61
[1696000] Notes to the financial statements - Short-Term Bank Loans Interest Information - General Industry
30 June 2023
Catatan utang bank jangka pendek Notes for short-term bank loans
Utang bank jangka pendek, Bunga utang bank jangka
nilai dalam mata uang asing pendek
Short-term bank loan, amount in
Interest rate short-term bank loan
foreign currency
Bank Mandiri (Persero) Tbk USD 30,000 113 USD Bank Mandiri (Persero) Tbk
Bank asing lainnya IDR 4,659 69 IDR Other foreign banks
USD 10,000 42 USD
31 December 2022
Catatan utang bank jangka pendek Notes for short-term bank loans
Utang bank jangka pendek, Bunga utang bank jangka
nilai dalam mata uang asing pendek
Short-term bank loan, amount in
Interest rate short-term bank loan
foreign currency
Bank Mandiri (Persero) Tbk USD 30,000 52 USD Bank Mandiri (Persero) Tbk
Bank lokal lainnya USD 15,000 94 USD Other local banks
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Other files in this announcement 8
FinancialStatement-2023-II-PTRO.xlsx
done
PTRO_Srt Penjelasan Liabilitas dan Aset.pdf
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instance.zip
done
inlineXBRL.zip
done