Source file signed link, expires in 15 minutes
Extracted text 34
Page 1
Nomor Surat 001/ACC/HFI/VII/2023
Nama Emiten PT Hino Finance Indonesia
Kode Emiten HIFI
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 :
Dokumen ini merupakan dokumen resmi PT Hino Finance Indonesia yang tidak memerlukan tanda tangan karena dihasilkan secara elektronik. PT
Hino Finance Indonesia bertanggung jawab penuh atas informasi tertera di dalam dokumen ini.
Page 2
[1000000] General information
Informasi umum General information
30 June 2023
Nama entitas PT Hino Finance Indonesia 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 HIFI Entity code
Nomor identifikasi entitas AB121 Entity identification number
Industri utama entitas Pembiayaan / Financing Entity main industry
Standar akutansi yang dipilih PSAK Selected accounting standards
Sektor G. Financials Sector
Subsektor G2. Financing Service Subsector
Industri G21. Consumer Financing Industry
Subindustri G211. Consumer Financing Subindustry
Informasi pemegang saham National and Foreign Controlling shareholder information
pengendali Corporation
Jenis entitas Joint Venture - Indonesia Type of entity
Jurisdiction
Jenis efek yang dicatatkan Obligasi / Bond Type of listed securities
Jenis papan perdagangan tempat Type of board on which the entity is
entitas tercatat listed
Apakah merupakan laporan keuangan Whether the financial statements are
satu entitas atau suatu kelompok Entitas tunggal / Single 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 Rupiah / IDR 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 Satuan Penuh / Full Amount 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 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
partner
Page 3
Lama tahun penugasan partner yang Number of years served as audit
menandatangani signing partner
Auditor tahun sebelumnya Prior year auditor
Nama partner audit tahun sebelumnya Name of prior year audit signing
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.
Page 4
[8220000] Statement of financial position presented using order of liquidity -
Financing Industry
Laporan posisi keuangan Statement of financial position
30 June 2023 31 December 2022
Aset Assets
Kas dan setara kas 344,678,161,916 368,523,332,767 Cash and cash equivalents
Investasi sewa Lease investments
Investasi sewa pihak Lease investments third
4,493,120,734,316 4,331,000,474,719
ketiga parties
Investasi sewa nilai residu Lease investments
1,607,281,706,620 1,514,560,575,202
yang terjamin guaranteed residual value
Investasi sewa Lease investments
pendapatan pembiayaan ( 520,710,664,893 ) ( 506,271,623,823 ) deferred financing income
tangguhan
Investasi sewa simpanan ( 1,607,281,706,620 ( 1,514,560,575,202 Lease investments
jaminan ) ) guarantee deposits
Piutang lainnya 2,658,136,018 418,846,910 Other receivables
Biaya dibayar dimuka 6,309,769,951 5,897,736,088 Prepaid expenses
Tagihan derivatif 53,759,691,804 126,464,092,374 Derivative receivables
Aset pajak tangguhan 11,742,633,366 14,581,256,147 Deferred tax assets
Aset takberwujud selain Intangible assets other than
393,757,765 1,116,962,358
goodwill goodwill
Aset tetap Property, plant, and
7,198,709,649 7,167,045,299
equipment
Aset hak guna 16,392,630,105 20,623,107,055 Right of use assets
Aset lainnya 6,424,399,837 3,528,217,325 Other assets
Jumlah aset 4,421,967,959,834 4,373,049,447,219 Total assets
Liabilitas dan ekuitas Liabilities and equity
Liabilitas Liabilities
Liabilitas derivatif 16,306,458,296 3,515,842,860 Derivative payables
Pinjaman yang diterima Borrowings
Pinjaman yang Borrowings third
2,238,458,000,000 2,232,223,000,000
diterima pihak ketiga parties
Kewajiban imbalan pasca Post-employment benefit
10,607,275,449 9,233,340,122
kerja obligations
Beban akrual 67,006,780,423 72,589,952,125 Accrued expenses
Utang pajak 1,362,813,099 5,989,486,415 Taxes payable
Liabilitas lainnya 71,048,515,182 74,851,729,008 Other liabilities
Jumlah liabilitas 3,102,266,791,851 3,094,834,927,012 Total liabilities
Ekuitas Equity
Ekuitas yang Equity attributable to
diatribusikan kepada equity owners of parent
pemilik entitas induk entity
Saham biasa 1,000,000,000,000 1,000,000,000,000 Common stocks
Cadangan lindung nilai Reserve of cash flow
( 7,302,567,793 ) ( 13,752,022,086 )
arus kas hedges
Cadangan pengukuran Reserve of
kembali program 631,595,975 747,224,979 remeasurements of
imbalan pasti defined benefit plans
Saldo laba Retained earnings
(akumulasi kerugian) (deficit)
Saldo laba yang Appropriated
telah ditentukan retained earnings
penggunaanya
Cadangan General and
Page 5
umum dan wajib 1,000,000,000 legal reserves
Saldo laba yang Unappropriated
belum ditentukan 325,372,139,801 291,219,317,314 retained earnings
penggunaannya
Jumlah ekuitas yang Total equity
diatribusikan kepada attributable to equity
1,319,701,167,983 1,278,214,520,207
pemilik entitas induk owners of parent
entity
Jumlah ekuitas 1,319,701,167,983 1,278,214,520,207 Total equity
Jumlah liabilitas dan Total liabilities and equity
4,421,967,959,834 4,373,049,447,219
ekuitas
Page 6
[8312000] Statement of profit or loss and other comprehensive income, OCI
components presented net of tax, by nature - Financing Industry
Laporan laba rugi dan penghasilan Statement of profit or loss and other
komprehensif lain comprehensive income
30 June 2023 30 June 2022
Pendapatan Income
Pendapatan bunga dan Interest and finance income
6,121,229,176 5,744,135,178
keuangan
Pendapatan dari Financing income
pembiayaan
Pendapatan dari sewa Income from finance lease
219,037,992,370 176,315,269,397
pembiayaan
Pendapatan administrasi 62,000,000 12,650,000 Administration income
Penerimaan kembali aset Income from recovery of
0 3,888,074,662
yang telah dihapusbukukan written off assets
Pemulihan penyisihan Recovery of impairment
0 4,621,026,436
kerugian penurunan nilai losses
Pendapatan lainnya 3,181,625,532 1,621,771,459 Other income
Beban Expenses
Beban bunga dan keuangan ( 95,769,697,470 ) ( 77,055,550,560 ) Interest and finance costs
Pembentukan penyisihan Provision for impairment
( 1,106,536,279 ) (0)
kerugian penurunan nilai losses
Beban gaji dan tunjangan Salary and employee benefit
( 45,983,197,961 ) ( 40,446,011,313 )
karyawan (expenses)
Beban umum dan General and administrative
( 32,322,860,209 ) ( 25,485,978,007 )
administrasi expenses
Beban penyusutan properti Depreciation of investment
investasi, aset sewa, aset property, lease assets,
tetap, aset yang diambil alih ( 7,298,984,203 ) ( 6,836,296,630 ) property and equipment,
dan aset ijarah foreclosed assets and ijarah
assets
Kerugian lainnya ( 164,688,090 ) ( 473,342,487 ) Other losses
Jumlah laba (rugi) sebelum Total profit (loss) before tax
45,756,882,866 41,905,748,135
pajak penghasilan
Pendapatan (beban) pajak ( 10,604,060,379 ) ( 9,806,618,822 ) Tax benefit (expenses)
Jumlah laba (rugi) dari operasi Total profit (loss) from
35,152,822,487 32,099,129,313
yang dilanjutkan continuing operations
Jumlah laba (rugi) 35,152,822,487 32,099,129,313 Total profit (loss)
Pendapatan komprehensif Other comprehensive income,
lainnya, setelah pajak after tax
Pendapatan komprehensif Other comprehensive
lainnya yang tidak akan income that will not be
direklasifikasi ke laba rugi, reclassified to profit or
setelah pajak loss, after tax
Pendapatan komprehensif Other comprehensive
lainnya atas pengukuran income for
kembali kewajiban ( 115,629,004 ) 0 remeasurement of defined
manfaat pasti, setelah benefit obligation, after tax
pajak
Jumlah pendapatan Total other
komprehensif lainnya comprehensive income
yang tidak akan ( 115,629,004 ) 0 that will not be
direklasifikasi ke laba reclassified to profit or
rugi, setelah pajak loss, after tax
Pendapatan komprehensif Other comprehensive
lainnya yang akan income that may be
Page 7
direklasifikasi ke laba rugi, reclassified to profit or
setelah pajak loss, after tax
Keuntungan (kerugian) Gains (losses) on cash
lindung nilai arus kas, 6,449,454,293 9,069,386,993 flow hedges, after tax
setelah pajak
Jumlah pendapatan Total other
komprehensif lainnya comprehensive income
yang akan direklasifikasi 6,449,454,293 9,069,386,993 that may be reclassified
ke laba rugi, setelah to profit or loss, after tax
pajak
Jumlah pendapatan Total other comprehensive
komprehensif lainnya, 6,333,825,289 9,069,386,993 income, after tax
setelah pajak
Jumlah laba rugi komprehensif 41,486,647,776 41,168,516,306 Total comprehensive income
Laba (rugi) yang dapat Profit (loss) attributable to
diatribusikan
Laba (rugi) yang dapat Profit (loss) attributable to
35,152,822,487 32,099,129,313
diatribusikan ke entitas induk parent entity
Laba rugi komprehensif yang Comprehensive income
dapat diatribusikan attributable to
Laba rugi komprehensif yang Comprehensive income
dapat diatribusikan ke entitas 41,486,647,776 41,168,516,306 attributable to parent entity
induk
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 35,153 32,099 share from continuing
dilanjutkan operations
Page 8
[8410000] Statement of changes in equity - Financing Industry - Current Year
30 June 2023
Laporan perubahan ekuitas Statement of changes in equity
Saldo laba yang telah
Cadangan Saldo laba yang belum Ekuitas yang dapat
Cadangan lindung nilai ditentukan
Saham biasa pengukuran kembali ditentukan diatribusikan kepada Ekuitas
arus kas penggunaannya-cadangan
program imbalan pasti penggunaannya entitas induk
umum dan wajib
Reserve of Appropriated retained
Reserve of cash flow Unappropriated retained Equity attributable to
Common stocks remeasurements of earnings-general and legal Equity
hedges earnings parent entity
defined benefit plans reserves
Posisi ekuitas Equity position
Saldo awal periode sebelum penyajian Balance before restatement at beginning of
1,000,000,000,000 ( 13,752,022,086 ) 747,224,979 291,219,317,314 1,278,214,520,207 1,278,214,520,207
kembali period
Posisi ekuitas, awal periode 1,000,000,000,000 ( 13,752,022,086 ) 747,224,979 291,219,317,314 1,278,214,520,207 1,278,214,520,207 Equity position, beginning of the period
Laba (rugi) 35,152,822,487 35,152,822,487 35,152,822,487 Profit (loss)
Pendapatan komprehensif lainnya 6,449,454,293 ( 115,629,004 ) 6,333,825,289 6,333,825,289 Other comprehensive income
Pembentukan cadangan umum 1,000,000,000 ( 1,000,000,000 ) 0 0 Allocation for general reserves
Posisi ekuitas, akhir periode 1,000,000,000,000 ( 7,302,567,793 ) 631,595,975 1,000,000,000 325,372,139,801 1,319,701,167,983 1,319,701,167,983 Equity position, end of the period
Page 9
[8410000] Statement of changes in equity - Financing Industry - Prior Year
30 June 2022
Laporan perubahan ekuitas Statement of changes in equity
Cadangan pengukuran Saldo laba yang belum Ekuitas yang dapat
Cadangan lindung nilai
Saham biasa kembali program ditentukan diatribusikan kepada Ekuitas
arus kas
imbalan pasti penggunaannya entitas induk
Reserve of
Reserve of cash flow Unappropriated retained Equity attributable to
Common stocks remeasurements of Equity
hedges earnings parent entity
defined benefit plans
Posisi ekuitas Equity position
Saldo awal periode sebelum penyajian Balance before restatement at beginning of
1,000,000,000,000 ( 38,731,247,373 ) 1,440,999,008 226,610,379,597 1,189,320,131,232 1,189,320,131,232
kembali period
Posisi ekuitas, awal periode 1,000,000,000,000 ( 38,731,247,373 ) 1,440,999,008 226,610,379,597 1,189,320,131,232 1,189,320,131,232 Equity position, beginning of the period
Laba (rugi) 32,099,129,313 32,099,129,313 32,099,129,313 Profit (loss)
Pendapatan komprehensif lainnya 9,069,386,993 9,069,386,993 9,069,386,993 Other comprehensive income
Posisi ekuitas, akhir periode 1,000,000,000,000 ( 29,661,860,380 ) 1,440,999,008 258,709,508,910 1,230,488,647,538 1,230,488,647,538 Equity position, end of the period
Page 10
[8510000] Statement of cash flows, direct method - Financing 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 sewa Receipts from finance
1,334,970,108,583 1,151,359,139,589
pembiayaan leases
Pembayaran kas dari Cash payments from
aktivitas operasi operating activities
Pembayaran untuk sewa ( 1,261,360,869,606 ( 1,208,593,812,654 Payments for finance
pembiayaan ) ) leases
Kas diperoleh dari Cash generated from (used
73,609,238,977 ( 57,234,673,065 )
(digunakan untuk) operasi in) operations
Penerimaan bunga dari Interests received from
5,206,113,937 4,637,410,081
aktivitas operasi operating activities
Pembayaran bunga dari Interests paid from operating
( 83,499,593,178 ) ( 79,088,463,061 )
aktivitas operasi activities
Pembayaran pajak Payments for corporate
( 12,806,551,820 ) ( 9,877,973,870 )
penghasilan badan income tax
Penerimaan (pengeluaran) Other cash inflows (outflows)
kas lainnya dari aktivitas ( 98,043,624,937 ) ( 66,660,508,190 ) from operating activities
operasi
Arus kas sebelum Net cash flows received
perubahan dalam aset dan from (used in) operating
liabilitas yang diperoleh ( 115,534,417,021 ) ( 208,224,208,105 ) activities before changes in
dari (digunakan untuk) assets and liabilities
aktivitas operasi
Jumlah arus kas bersih Total net cash flows
yang diperoleh dari received from (used in)
( 115,534,417,021 ) ( 208,224,208,105 )
(digunakan untuk) aktivitas operating activities
operasi
Arus kas dari aktivitas Cash flows from investing
investasi activities
Pembayaran untuk perolehan Payments for acquisition of
( 1,633,797,900 ) ( 368,686,069 )
aset tetap property and equipment
Pembayaran untuk perolehan Payments for acquisition of
(0) ( 1,797,240,997 )
aset non-keuangan lainnya other non-financial assets
Jumlah arus kas bersih Total net cash flows
yang diperoleh dari received from (used in)
( 1,633,797,900 ) ( 2,165,927,066 )
(digunakan untuk) aktivitas investing activities
investasi
Arus kas dari aktivitas Cash flows from financing
pendanaan activities
Penerimaan pinjaman bank 100,000,000,000 939,500,000,000 Proceeds from bank loans
Pembayaran pinjaman bank ( 0 ) ( 750,770,000,000 ) Payments of bank loans
Penerimaan surat berharga Proceeds from debt securities
0 0
utang
Pembayaran biaya emisi Payments of bonds issuance
( 997,280,081 ) (0)
penerbitan obligasi costs
Penerimaan (pengeluaran) Other cash inflows (outflows)
kas lainnya dari aktivitas ( 5,613,644,003 ) ( 4,532,459,355 ) from financing activities
pendanaan
Jumlah arus kas bersih Total net cash flows
yang diperoleh dari received from (used in)
(digunakan untuk) aktivitas 93,389,075,916 184,197,540,645 financing activities
Page 11
pendanaan
Jumlah kenaikan (penurunan) Total net increase (decrease)
( 23,779,139,005 ) ( 26,192,594,526 )
bersih kas dan setara kas in cash and cash equivalents
Kas dan setara kas arus kas, Cash and cash equivalents cash
368,537,342,424 396,149,155,738
awal periode flows, beginning of the period
Efek perubahan nilai kurs pada Effect of exchange rate changes
( 13,204,147 ) 11,692,529
kas dan setara kas on cash and cash equivalents
Kas dan setara kas arus kas, Cash and cash equivalents
344,744,999,272 369,968,253,741
akhir periode cash flows, end of the period
Page 12
[8610000] Explanation for Significant Accounting Policy - Financing Industry
Kebijakan akuntansi signifikan Significant accounting policies
30 June 2023
Dasar penyusunan laporan keuangan The financial statements have been prepared in accordance with Indonesian Financial Accounting Basis of preparation of consolidated financial
konsolidasian Standards (?SAK?) and the capital market regulator namely Rule No. VIII.G.7 regarding Presentation statements
and Disclosures of Financial Statement for Issuer or Public Company. Financial Accounting Standards
(?SAK?) are statements and interpretations issued by the Board of Financial Accounting Standards the
Indonesian Institute of Accountants and the regulations of the capital market regulator for entities under
its supervision. Indonesian Financial Accounting Standards (?SAK?) comprise the Statements of
Financial Accounting Standards (?SFAS?) and Interpretations to Financial Accounting Standards
(?ISAK?). The financial statements have been prepared in accordance with SFAS No. 1 Paragraph 7
?Presentation of Financial Statements?. The financial statements have been prepared on the accrual
basis of accounting using the historical cost concept, except as disclosed in the relevant notes to the
financial statements.
Prinsip-prinsip konsolidasi - Principles of consolidation
Kas dan setara kas Cash on hand and in banks consist of cash on hand and cash in banks that are not restricted in use Cash and cash equivalents
and not pledge as collateral to loans.
Piutang usaha dan piutang lain-lain Other receivables from financed assets are stated at the lower of related finance lease receivables? Trade and other receivables
carrying value or net realizable value of financed assets. The difference between the carrying value
and the net realizable value is recorded as part of allowance for impairment losses. The provision for
impairment losses on other receivables from financed assets is charged to the current year statement
of profit or loss and other comprehensive income. In case of default, the consumers give the right to the
Company to sell the financed asset or take any other actions to settle the outstanding receivables.
Consumers are entitled to the positive differences between the proceeds from sales of financed asset
and the outstanding financing receivables. If the differences are negative, the resulting losses are
charged to the current year statement of profit or loss and other comprehensive income.
Aset tetap The Company adopted SFAS No.16, "Fixed Assets". Fixed assets, except land, are initially recognized Fixed assets
at acquisition cost. After initial measurement, fixed assets are measured using the cost model, carried
at its cost less accumulated depreciation and accumulated impairment losses. Acquisition costs
includes purchase price and any costs directly attributable to bring the assets to the location and
condition necessary for the assets to be capable of operating in the manner intended by the
management. Depreciation of an assets is commenced when the asset is available for use and
Page 13
calculated using the straight-line method to allocate their cost to their residual values over their
estimated useful lives as follows: Leasehold improvements 4 years Office equipment 4 years Assets
under finance lease 4 years Vehicles 5 years Repairs and maintenance are charged to profit or loss
during the year in which they are incurred. Expenditures that extend the future life of assets or provide
further economic benefits are capitalized and depreciated. The carrying amount of fixed assets are
derecognized upon disposal or when there is no longer a future economic benefit expected from its use
or disposal. When fixed assets are retired or disposed of, their carrying values and the related
accumulated depreciation are removed from the statement of financial position, and the resulting gains
or losses are recognized in the current year statement of profit or loss and comprehensive income.
When the carrying amount of fixed assets is greater than its estimated recoverable amount, it is written
down to its recoverable amount which is determined at the higher of net selling price or value in use. At
the end of each year, residual values, useful lives and method of depreciation are reviewed and
adjusted prospectively, if appropriate.
Penurunan nilai aset nonkeuangan - Impairment of non-financial assets
Beban tangguhan - Deferred charges
Utang usaha dan liabilitas lain-lain Others include among others the incentive that will be paid to dealer, monthly employment premium Trade payables and other liabilities
that will be paid on the next month, and annual fee that will be paid to Otoritas Jasa Keuangan.
Pengakuan pendapatan dan beban Finance lease income, interest income and interest expenses are recognized using the effective Revenue and expense recognition
interest method. The effective interest rate is the rate that exactly discounts the estimated future cash
payments and receipts through the expected life of the financial asset or financial liability (or, where
appropriate, a shorter period) to the carrying amount of the financial asset or financial liability. When
calculating the effective interest rate, the Company estimates future cash flows considering all
contractual terms of the financial instrument, but not future credit losses. The calculation of the effective
interest rate includes all fees and other costs paid or received that are an integral part of the effective
interest rate, including transaction costs. The Company recognizes finance lease income as explained
in Note 2e. Expenses are recognized when these are incurred.
Penjabaran mata uang asing Transactions involving foreign currencies are recorded at the rates of exchange prevailing at the time Foreign currency translation
the transactions are made. At the statement of financial position date, monetary assets and liabilities
denominated in foreign currencies are adjusted to Rupiah to reflect the prevailing rates of exchange at
such date as published by Bank Indonesia. The resulting gains or losses are credited or charged to
current operations.
Page 14
Transaksi dengan pihak berelasi The Company has transactions with related parties. The definition of related parties used is in Transactions with related parties
accordance with SFAS No. 7 ?Related Party Disclosures?. The Company considers the following as its
related parties: a. A person or a close member of that person?s family is related to a reporting entity if
that person: (i) has control or joint control of 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. The Company considers the following as its related parties: (continued) b.
An entity is related to a 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 third entity 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 point (a). (vii) a person identified
in point (a)(i) has significant influence over the entity or is a member of the key management personnel
of the entity (or of a parent of the entity). All transactions with related parties are disclosed in the notes
to the financial statements.
Pajak penghasilan Significant judgment is involved in determining provision for corporate income tax. There are certain Income taxes
transactions and computation for which the ultimate tax determination is uncertain during the ordinary
course of business. The Company recognizes liabilities for expected corporate income tax issues
based on estimates of whether additional corporate income tax will be due.
Imbalan kerja karyawan The determination of the Company?s obligations and cost for employee benefits liability is dependent Employee benefits
on its selection of certain assumptions used by management in calculating such amounts. Those
assumptions include, among others, discount rates, annual salary increase rate. While the Company
believes that its assumptions are reasonable and appropriate, significant differences in the Company?s
actual results or significant changes in the Company?s assumptions may materially affect its estimated
liability for employee benefits and net employee benefits expense.
Laba per saham Basic earnings per share is computed by dividing income for the year by the weighted average number Earnings per share
of shares outstanding during the year. Earning per share is amounted to Rp35,153 and Rp32,099 for
the six-months period ended June 30, 2023 and 2022, respectively.
Dividen - Dividends
Pelaporan segmen Operating segments are reported in accordance with the internal reporting provided to the management Segment reporting
which is responsible for allocating resources to certain segments and performance assessments.
Page 15
Therefore, based on types of product operating segment is presented as the primary basis of segment
reporting. Operating segments are reported in accordance with the internal reporting provided to the
management which is responsible for allocating resources to certain segments and performance
assessments. Therefore, based on types of product operating segment is presented as the primary
basis of segment reporting.
Instrumen keuangan derivatif The Company uses derivative instruments, such as cross currency interest rate and foreign exchange Derivative financial instruments
swap as part of its asset and liability management activities to manage exposures to foreign currency
and interest rate. The Company applies cash flow hedge accounting when transactions meet the
specified criteria for hedge accounting treatment. Derivative instruments are initially recognized at fair
value on the date the contracts are entered into and are subsequently remeasured at their fair values.
Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is
negative. The method of recognizing the result of fair value gain or loss depends on whether the
derivative is designated as a hedging instrument and, if so, the nature of the item being hedged.
Penerapan standar akutansi baru The Company has assessed that the adoption of the above-mentioned accounting standards do not The implementation of new statements of
have significant impact to the financial statements. accounting standards
Kombinasi bisnis - Business combination
Penentuan nilai wajar - Determination of fair value
Transaksi dan saldo dalam mata uang asing Transactions involving foreign currencies are recorded at the rates of exchange prevailing at the time Foreign currency transactions and balances
the transactions are made. At the statement of financial position date, monetary assets and liabilities
denominated in foreign currencies are adjusted to Rupiah to reflect the prevailing rates of exchange at
such date as published by Bank Indonesia. The resulting gains or losses are credited or charged to
current operations.
Efek-efek - Securities
Investasi jangka pendek - Short-term investment
Page 16
Aset hak guna The recording implementation of SFAS No. 73 is applied for all leases (except as stated earlier), as Right of use assets
follows: a. Presents right-of-use assets as part of fixed assets and lease liabilities presented as part of
other liabilities in the statement of financial position measured at the present value of the future lease
payments; b. Records depreciation of right-of-use assets and interest on lease liabilities in the
statement of profit or loss and other comprehensive income; and c. Separates the total amount of cash
paid into a principal portion (presented within financing activities) and interest (presented within
operating
Properti investasi - Investment properties
Goodwill - Goodwill
Investasi pada entitas asosiasi - Investment in associates
Aset takberwujud Intangible asset, which represents software acquired by the Company, is stated at cost less Intangible assets
accumulated amortization and accumulated impairment losses. Subsequent expenditure on software
asset is capitalized only when it increases the future economic benefits embodied in the specific asset
to which it relates. All other expenditures are expensed as incurred. Amortization is recognized in profit
or loss on a straight-line method over the estimated useful life of the software, from the date that it is
available for use. The estimated useful life of the software is four years. Amortization method, useful life
and residual value are reviewed at each financial year-end and adjusted, if appropriate.
Beban dibayar dimuka Prepaid expenses mainly consist of prepaid rental and insurance which are charged to operations over Prepaid expenses
the periods benefited.
Piutang dan utang asuransi Insurance receivables are transactions on customer receivables for finance lease insurance premiums Insurance receivables and payables
that have not been paid to the Insurance Company.
Page 17
Piutang pembiayaan konsumen - Consumer financing receivables
Liabilitas atas kontrak - Contract liabilities
Simpanan nasabah dan simpanan dari bank lain - Deposits from customers and deposits from
other banks
Obligasi subordinasi - Subordinated bonds
Efek-efek yang dibeli dengan janji dibeli kembali - Securities purchased under resell agreements
Saham treasuri - Treasury stock
Modal saham The Company?s shareholders, the number of issued and fully paid shares, and the related balances as Share capital
of June 30 2023 and December 31, 2022 are as follows: Hino Motors. Ltd. 40% PT Indomobil Multi
Jasa Tbk 40% Summit Global Auto Management B.V. 20%
Page 18
Pengaturan pembayaran berbasis saham - Share-based payment arrangement
Biaya emisi efek ekuitas - Stock issuance cost
Instrumen keuangan The Company uses 2 (two) bases for classifying financial assets, namely valuation of the business Financial instruments
model and evaluation of contractual cash flows obtained solely from payment of principal and interest
(SPPI). Valuation of the business model The business model is determined at a level that reflects how
groups of financial assets are managed together to achieve certain business objectives. The evaluation
of the business model is carried out by considering, but not limited to, the following: ? How the
performance of the business model and financial assets held in the business model are evaluated and
reported to the Company's key management personnel; ? What risks affect the performance of the
business model (including financial assets held in the business model) and specifically how the
financial assets are managed; ? How to evaluate the performance of managers of financial assets (for
example, whether performance appraisals are based on the fair value of the assets being managed or
the contractual cash flows obtained); and ? Expected frequency, value and time of sales. Evaluation of
contractual cash flows obtained solely from payment of principal and interest (SPPI) For the purpose of
this valuation, principal is defined as the fair value of financial assets at initial recognition. Interest is
defined as compensation for the time value of money and credit risk in relation to the principal amount
owed over a certain period of time and also the risk and standard borrowing costs, as well as profit
margins. Evaluation of contractual cash flows obtained solely from payment of principal and interest
(SPPI) (continued) An assessment of contractual cash flows obtained solely from principal and interest
payments is made by considering contractual terms, including whether financial assets contain
contractual terms that can change the timing or amount of contractual cash flows. In assessing, the
Company considers: ? Contingency events that will change the timing or amount of contractual cash
flow; ? Leverage feature; ? Terms of advance payment and contractual extension; ? Requirements
regarding limited claims for cash flows from specific assets; and ? Features that can change the time
value of the money element. The Company classifies its financial assets according to the following
categories at initial recognition: The Company classifies its financial assets according to the following
categories at initial recognition: ? Financial assets measured at amortized cost; ? Financial assets
measured at fair value through other comprehensive income; ? Financial assets measured at fair value
through profit or loss. During the year and at the date of statement of financial position, the Company
only has financial assets measured at amortized cost and hedging derivatives. Therefore, the
accounting policies other than the classifications of financial assets measured at amortized cost and
hedging derivatives are not disclosed. Financial assets measured at amortized cost Financial assets
are measured at amortized cost if they meet the following conditions: ? financial assets are managed in
a business model that aims to have financial assets in order to obtain contractual cash flow; and ? the
contractual terms of the financial asset provide rights on a certain date for cash flow obtained solely
Page 19
from payment of principal and interest (SPPI) on the principal amount owed. Financial assets carried at amortized cost are initially recognized at fair value plus transaction costs and administration income and subsequently measured at amortized cost using the effective interest rate method. Financial assets carried at amortized cost consist of cash on hand and in banks, finance lease receivables, other receivables and other assets. Income from financial assets measured at amortized cost is included in the statement of profit or loss and other comprehensive income and is reported as ?Finance lease income?. In the case of impairment, allowance for impairment losses is reported as a deduction from the carrying value of the financial assets measured at amortized cost and recognized in the statement of profit or loss and other comprehensive income as ?Provision for impairment losses?. Financial assets measured at fair value through profit or loss Financial assets measured at fair value through profit or loss include financial assets held for trading and financial assets designated upon initial recognition at fair value through profit or loss. Derivative assets are classified as held for trading unless they are designated as effective hedging instruments. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with gains or losses recognized in the profit or loss. Recognition The Company uses settlement date accounting for regular way contracts when recording financial assets transactions. Impairment of financial assets At each reporting date, the Company measures the allowance of impairment losses on financial instruments over their lifetime expectancy, if the credit risk of the financial instrument has increased significantly since initial recognition. If at the reporting date, the credit risk of the financial instrument has not increased significantly since initial recognition, the entity measures the allowance of impairment losses for the financial instrument in the amount of the expected 12-month loss. The aforementioned losses represent expected loan losses arising from financial instrument defaults that may occur 12 months after the reporting date. Furthermore, the Company classifies financial assets based on the evaluation results which reflects the level of the credit risk of financial assets, as follows: a) Stage 1 At the evaluation date for impairment, the credit risk for financial instruments is not increased significantly since initial recognition as evidenced by no overdue of more than 10 days. For this reason, the Company will measure the allowance for losses for the financial instrument in the amount of 12 months expected credit losses. The 12-month expected credit loss is part of the expected credit loss throughout its lifetime that represents an expected credit loss arising from a default on financial instruments that might occur 12 months after reporting date. b) Stage 2 At the evaluation date of impairment, credit risk on financial instruments has increased significantly since initial recognition, which can be proven by the overdue between 11 days and 30 days. For this reason, the Company will measure the allowance for losses for these financial instruments at the amount of expected credit losses over their lifetime. c) Stage 3 At the evaluation date of impairment, there is objective evidence that the financial instruments are impaired, which can be proven by being in overdue of more than 30 days or motor vehicle collaterals owned by customers have been submitted for settlement of their financing receivables. For this reason, the Company will measure the allowance for losses for these financial instruments at the amount of expected credit losses over their lifetime. The purpose of the impairment requirements is to recognize expected credit losses over the life of all financial instruments that have experienced a Significant Increase in Credit Risk (SICR) since initial recognition - whether assessed individually or collectively - taking into account all reasonable and supported information, including estimated information future (forward-looking). The Company applies an impairment requirement for financial assets measured at amortized cost and financial assets measured at fair value through other comprehensive income. In some circumstances the Company does not have reasonable and supported information available without fees or excessive efforts to measure expected credit losses throughout the life of individual instruments. Expected credit losses for the entire lifetime are recognized collectively by considering comprehensive credit risk information. The comprehensive credit
Page 20
risk information must include not only arrears information but also all relevant credit information,
including forward-looking macroeconomic information, to approach the outcome of recognizing
expected credit losses over the life of when there is a SICR since initial recognition at the level of
individual instruments. Allowance for impairment losses on impaired financial assets that was assessed
individually is computed using discounted cash flows method. While allowance for impairment losses
on impaired financial assets that was assessed collectively, the Company uses statistical method of the
historical data such as the Probability of Defaults, time of recoveries, the amount of loss incurred (Loss
Given Default), considering management?s judgment of current economic and financing conditions.
When a receivable is uncollectible, it is written off against the related allowance for impairment losses.
Such receivables are written off after all the necessary procedures have been completed and the
amount of the loss has been determined. Impairment charges relating to loans and receivables are
classified into ?Allowance for impairment losses?. If in a subsequent period, the amount of the
impairment loss decreases and the decrease can be related objectively to an event occurring after the
impairment was recognized (such as an improvement in the customer?s receivable rating), the
previously recognized impairment loss is reversed by adjusting the allowance for impairment losses
account. The amount of the impairment reversal is recognized in the statement of profit or loss and
other comprehensive income. Subsequent recoveries of receivables written-off are credited by
adjusting the allowance for impairment losses account. The Company uses settlement date accounting
when recording financial assets transactions.
Aset tidak lancar yang diklasifikasikan sebagai - Non-current assets classified as held for sale
dimiliki untuk dijual
Peristiwa setelah tanggal periode pelaporan Bond offerings In July 2023, the Company offered to the public, Hino Finance Indonesia Bond II Year Events after reporting period
2023 with nominal value of Rp700,000,000,000 which become effective on June 27, 2023 based on the
Decision Letter from OJK No. S- 160/D.04/2023. These bonds are offered at principal value, in 2
series, namely: Series A: Bond with fixed rate of 5,85%, with tenor of 370 calender days , principal
amount of Series A was Rp366.000.000.000 Series B: Bond with fixed rate of 6,75%, with tenor of 3
years, principal amount of Series B was Rp334.000.000.000
Penerapan standar akuntansi baru The statement of cash flows, which have been prepared using the direct method, present receipts and Adoption of new accounting standards
disbursements of cash and cash equivalents classified into operating, investing and financing activities.
The Company has prepared the financial statements on the basis that it will continue to operate as a
going concern. Information about significant areas of estimation uncertainty and critical judgments in
applying accounting policies that have significant effect on the amount recognized in the financial
statements are described in Note 3. The presentation currency used in the financial statements is
Indonesian Rupiah, which is the functional currency of the Company. Effective on January 1, 2022, the
Company has applied revised Statements of Financial Accounting Standards (?SFAS?) which
arerelevant to the Company, as follows: ? 2020 Annual Adjustment - SFAS No. 71, ?Financial
Instruments - Fee under testing ?10 percent? for the derecognition of a financial liability?; ? 2020
Annual Adjustment - SFAS No. 73, ?Leases?; and ? Amendment of SFAS No. 57, ?Provision,
Contingent Liabilities, and Contingent Assets related to Onerous Contract - Cost of fulfilling the
Contracts?. The Company has assessed that the adoption of the above-mentioned accounting
standards do not have significant impact to the financial statements.
Standar akuntansi yang telah disahkan namun The following are several Financial Accounting Standards and Interpretations of Financial Accounting Accounting standards issued but not yet
Page 21
belum berlaku efektif Standards issued by the Indonesian Financial Accounting Standards Board (DSAK) that are considered effective
relevant to the financial reporting of the Company but are not yet effective for the December 31, 2022
financial statements: Effective on or after January 1, 2023: ? Amendment to SFAS No. 1, ?Presentation
of Financial Statements - Disclosure of Accounting Policies? This amendments provides guidance and
examples to help entites apply materiality judgements to accounting policy disclosures. The
amendment aim to help entities provide accounting policy disclosures that are more useful by replacing
the requirement for entities to disclose their ?significant? accounting policies with a requirement to
disclose their ?material? accounting policies and adding guidance on how entities apply the concept of
materiality in making decisions about accounting policy disclosures. ? Amendment of SFAS No. 16,
?Fixed Assets? regarding proceeds before intended use? The amendments clarify the prohibition of
deducting the net proceeds from the sale of each item produced, when bringing the asset to the
location and condition necessary for the asset to be ready for use in accordance with management's
intentions. The Company is presently evaluating and has not yet determined the effects of this
accounting standard on its financial statements. ? Amendment of SFAS No. 25: Accounting Policies,
Changes in Accounting Estimates and Errors - Definition of Accounting Estimates The amendment
introduces a definition of ?accounting estimates? and clarify the distinction between changes in
accounting estimates and changes in accounting policies and the correction of errors. Also, they clarify
how entities use measurement techniques and input to develop accounting estimates. The following
are several Financial Accounting Standards and Interpretations of Financial Accounting Standards
issued by the Indonesian Financial Accounting Standards Board (DSAK) that are considered relevant
to the financial reporting of the Company but are not yet effective for the December 31, 2022 financial
statements: (continued Effective on or after January 1, 2023: (continued) ? Amendment of SFAS No.
46: Income Taxes - Deferred Tax related to Assets and Liabilities arising from a Single Transaction
This amendment proposes that entities recognize deferred tax assets and liabilities at the time of initial
recognition, for example from a lease transaction, to eliminate differences in current practice for such
transactions and similar transactions. The management intends to adopt these new standards that are
considered relevant to the Company when they become effective, and the impact to the financial
position and performance of the Company is still being estimated until the date of issuance of the
Company?s financial statements.
Utang pembiayaan konsumen - Consumer financing liabilities
Page 22
[8611000] Notes to the financial statements - Property, Plant, and Equipement - Financing Industry - Current Year
30 June 2023
Aset tetap Property, plant, and equipment
Aset tetap, awal periode Penambahan aset tetap Pengurangan aset tetap Aset tetap, akhir periode
Property, plant, and
Addition in property, plant, Disposals in property, Property, plant, and
equipment, beginning
and equipment plant, and equipment equipment, end period
period
Nilai perolehan, kotor Bangunan dan fasilitasnya, Building and leasehold Carrying amount, gross
dimiliki langsung 10,520,899,069 84,126,900 10,605,025,969 improvement, directly
owned
Perabot dan peralatan Furniture and office
18,866,172,286 1,549,671,000 ( 1,187,544,724 ) 19,228,298,562
kantor, dimiliki langsung equipment, directly owned
Kendaraan bermotor, Motor vehicle, directly
1,687,050,000 1,687,050,000
dimiliki langsung owned
Dimiliki langsung 31,074,121,355 1,633,797,900 ( 1,187,544,724 ) 31,520,374,531 Directly owned
Aset tetap Property, plant, and
31,074,121,355 1,633,797,900 ( 1,187,544,724 ) 31,520,374,531
equipment
Akumulasi depresiasi Bangunan dan fasilitasnya, Building and leasehold Carrying amount,
dimiliki langsung 7,860,896,096 445,241,904 8,306,138,000 improvement, directly accumulated depreciation
owned
Perabot dan peralatan Furniture and office
14,828,730,794 980,255,852 ( 1,179,613,930 ) 14,629,372,716
kantor, dimiliki langsung equipment, directly owned
Kendaraan bermotor, Motor vehicle, directly
1,217,449,166 168,705,000 1,386,154,166
dimiliki langsung owned
Dimiliki langsung 23,907,076,056 1,594,202,756 ( 1,179,613,930 ) 24,321,664,882 Directly owned
Aset tetap Property, plant, and
23,907,076,056 1,594,202,756 ( 1,179,613,930 ) 24,321,664,882
equipment
Nilai perolehan Aset tetap Property, plant, and Carrying amount
7,167,045,299 7,198,709,649
equipment
Page 23
[8611000] Notes to the financial statements - Property, Plant, and Equipement - Financing Industry - Prior Year
31 December 2022
Aset tetap Property, plant, and equipment
Aset tetap, awal periode Penambahan aset tetap Pengurangan aset tetap Aset tetap, akhir periode
Property, plant, and
Addition in property, plant, Disposals in property, Property, plant, and
equipment, beginning
and equipment plant, and equipment equipment, end period
period
Nilai perolehan, kotor Bangunan dan fasilitasnya, Building and leasehold Carrying amount, gross
dimiliki langsung 9,312,564,643 2,549,682,727 ( 1,341,348,301 ) 10,520,899,069 improvement, directly
owned
Perabot dan peralatan Furniture and office
17,742,182,729 3,211,661,438 ( 2,087,671,881 ) 18,866,172,286
kantor, dimiliki langsung equipment, directly owned
Kendaraan bermotor, Motor vehicle, directly
1,687,050,000 1,687,050,000
dimiliki langsung owned
Dimiliki langsung 28,741,797,372 5,761,344,165 ( 3,429,020,182 ) 31,074,121,355 Directly owned
Aset tetap Property, plant, and
28,741,797,372 5,761,344,165 ( 3,429,020,182 ) 31,074,121,355
equipment
Akumulasi depresiasi Bangunan dan fasilitasnya, Building and leasehold Carrying amount,
dimiliki langsung 8,164,370,501 960,748,724 ( 1,264,223,129 ) 7,860,896,096 improvement, directly accumulated depreciation
owned
Perabot dan peralatan Furniture and office
15,191,182,720 1,705,701,647 ( 2,068,153,573 ) 14,828,730,794
kantor, dimiliki langsung equipment, directly owned
Kendaraan bermotor, Motor vehicle, directly
880,039,166 337,410,000 1,217,449,166
dimiliki langsung owned
Dimiliki langsung 24,235,592,387 3,003,860,371 ( 3,332,376,702 ) 23,907,076,056 Directly owned
Aset tetap Property, plant, and
24,235,592,387 3,003,860,371 ( 3,332,376,702 ) 23,907,076,056
equipment
Nilai perolehan Aset tetap Property, plant, and Carrying amount
4,506,204,985 7,167,045,299
equipment
Page 24
[8611100] Disclosure of Notes to the financial statements - Property, Plant and Equipment - Financing Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas aset tetap Depreciation charged to operations amounting to Rp7.298.984.202 and Rp6.836.296.630 for the Disclosure of notes for property, plant and
sixmonths period ended June 30, 2023 and 2022, respectively, are charged to ?General and equipment
administrative expenses? (Note 20). Fixed assets are covered by insurance against losses from fire
and other risks under blanke policies amounting to Rp22,397,351,344 as of June 30, 2023 and
December 31, 2022, respectively. Fixed assets are insured by PT Asuransi Tokio Marine Indonesia, a
third party. The management believes that the sum insured is adequate to cover possible losses arising
from such risks. Gain or loss on sale of fixed assets is charged as part of ?General and administrative
expenses? account during the year. Additions and deductions of the Company?s fixed asset as of June
30, 2023 and December 31, 2022, mainly consists of note book/desktop PC, air conditioner, working
desk and chair, projector and cabinet or cupboard that used for the Company?s operational activities.
The Company?s leased assets consist of building and vehicles. The lease terms range from 2 to 5
years. The Company also has certain leases which are considered to be low value and, the Company
applied the lease of low-value assets recognition exemption. Lease payments on leases of low-value
assets are recognized as expense on a straight-line basis over the lease term. As of June 30, 2023 and
December 31, 2022, the cost of the Company?s fixed assets that have been fully depreciated but still
being used amounted to Rp18,175,747,986 and Rp18,272,172,331, respectively, which mainly consist
of vehicles, office equipment, furniture and fixtures, and leasehold improvements (unaudited). As of
June 30, 2023 and December 31, 2022, the Company does not have unused fixed assets. As of June
30, 2023 and December 31, 2022, the Company does not have discontinued fixed assets which are
classified as available for sale. Based on management?s assessment, there are no events or changes
in circumstances which may indicate an impairment in value of fixed assets as of June 30, 2023 and
December 31, 2022.
Page 25
[8612000] Notes to the financial statements - Right of Use Assets - Financing Industry - Current Year
30 June 2023
Aset hak guna Right of use assets
Aset hak guna, periode awal Penambahan aset hak guna Aset hak guna, periode akhir
Right of use assets, beginning Right of use assets, end
Addition in right of use assets
period period
Nilai perolehan, kotor Bangunan, aset hak guna 32,708,126,581 1,095,407,714 33,803,534,295 Building, right of use assets Carrying amount, gross
Lainnya, aset hak guna 20,190,521,606 378,896,782 20,569,418,388 Others, right of use assets
Aset hak guna 52,898,648,187 1,474,304,496 54,372,952,683 Right of use assets
Akumulasi depresiasi Bangunan, aset hak guna 19,689,097,823 3,503,953,777 23,193,051,600 Building, right of use assets Carrying amount, accumulated
Lainnya, aset hak guna 12,586,443,309 2,200,827,669 14,787,270,978 Others, right of use assets depreciation
Aset hak guna 32,275,541,132 5,704,781,446 37,980,322,578 Right of use assets
Nilai perolehan Aset hak guna 20,623,107,055 16,392,630,105 Right of use assets Carrying amount
Page 26
[8612000] Notes to the financial statements - Right of Use Assets - Financing Industry - Prior Year
31 December 2022
Aset hak guna Right of use assets
Aset hak guna, periode Penambahan aset hak Pengurangan aset hak Aset hak guna, periode
awal guna guna akhir
Right of use assets, Addition in right of use Disposals in right of use Right of use assets, end
beginning period assets assets period
Nilai perolehan, kotor Bangunan, aset hak guna Building, right of use Carrying amount, gross
24,193,873,594 8,943,304,345 ( 429,051,358 ) 32,708,126,581
assets
Lainnya, aset hak guna 14,813,896,554 5,376,625,052 (0) 20,190,521,606 Others, right of use assets
Aset hak guna 39,007,770,148 14,319,929,397 ( 429,051,358 ) 52,898,648,187 Right of use assets
Akumulasi depresiasi Bangunan, aset hak guna Building, right of use Carrying amount,
13,175,956,953 6,656,157,990 ( 143,017,120 ) 19,689,097,823
assets accumulated depreciation
Lainnya, aset hak guna 8,213,593,724 4,372,849,585 (0) 12,586,443,309 Others, right of use assets
Aset hak guna 21,389,550,677 11,029,007,575 ( 143,017,120 ) 32,275,541,132 Right of use assets
Nilai perolehan Aset hak guna 17,618,219,471 20,623,107,055 Right of use assets Carrying amount
Page 27
[8612100] Disclosure of Notes to the financial statements - Right of Use Assets - Financing Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas aset hak guna The Company?s leased assets consist of building and vehicles. The lease terms range from 2 to 5 Disclosure of notes for right of use assets
years. The Company also has certain leases which are considered to be low value and, the Company
applied the lease of low-value assets recognition exemption. Lease payments on leases of low-value
assets are recognized as expense on a straight-line basis over the lease term.
Page 28
[8634000a] Notes to the financial statements - Bonds Payable - Financing Industry
30 June 2023
Catatan untuk utang obligasi Notes for bonds payable
Nama obligasi Mata uang Total obligasi, kotor Jatuh tempo obligasi Bunga Jenis bunga
Bond name Currency Total bonds payable, gross Due date for bonds payable Interest rate Interest rate type
Nama obligasi 1 Obligasi I Hino Bond name 1
Aug. 19, 2023 (A) ;
Finance Indonesia IDR 700,000,000,000 4.50% (A) ; 7.00% (B) Fixed
Aug. 9, 2025 (B)
tahun 2022
Nama obligasi 700,000,000,000 Bond name
31 December 2022
Catatan untuk utang obligasi Notes for bonds payable
Nama obligasi Mata uang Total obligasi, kotor Jatuh tempo obligasi Bunga Jenis bunga
Bond name Currency Total bonds payable, gross Due date for bonds payable Interest rate Interest rate type
Nama obligasi 1 Obligasi I Hino Bond name 1
Aug. 19, 2023 (A) ;
Finance Indonesia IDR 700,000,000,000 4.50% (A) ; 7.00% (B) Fixed
Aug. 9, 2025 (B)
tahun 2022
Nama obligasi 700,000,000,000 Bond name
Catatan untuk utang obligasi Notes for bonds payable
30 June 2023 31 December 2022
Total obligasi, kotor 700,000,000,000 700,000,000,000 Total bonds payable, gross
Biaya penerbitan obligasi yang belum diamortisasi ( 2,523,050,598 ) ( 3,568,423,518 ) Unamortized bond issuance cost
Total utang obligasi, bersih 697,476,949,402 696,431,576,482 Total bonds payable, net
Liabilitas jangka panjang yang jatuh tempo dalam satu Current maturities of bonds payable
174,852,173,340 174,318,277,409
tahun atas utang obligasi
Liabilitas jangka panjang atas utang obligasi 522,624,776,062 522,113,299,073 Long-term bonds payable
Page 29
[8634100] Disclosure of Notes to the financial statements - Bonds Payable - Financing Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas utang obligasi In July 2022, the Company held public bond offering named ?Bond I Hino Finance Indonesia year Disclosure of notes for bonds payable
2022?. Fees in relation with bond issuance amounted to Rp4,368,202,344. All fund obtained has been
utilized for the Company?s working capital needs. These bonds are offered at principal value, in 2
series, namely: Obligasi I Hino Finance Indonesia Finance Tahun 2022: Seri A : 175.000.000.000 Seri
B : 525.000.000.000 Ditambah/(dikurangi): Biaya penerbitan belum diamortisasi (2.523.050.598) Total :
697.476.949.402 PT Bank Rakyat Indonesia (Persero) Tbk is appointed as trustee. The bond?s rating
is AAA(idn) rated by PT. Fitch Rating Indonesia and listed in the Indonesian Stock Exchange on August
10, 2022. This bond is not secured by any specific collateral but secured by all asset of the Company
both moveable or non-moveable assets, existing or future assets. Prior to the payment of all principal
and interest on bonds and other expenses that are the responsibility of the Company in relation with
the bond issuance, the Company shall comply with financial covenants and other covenants, including:
Without the written consent of the Trustee, the Company is not allowed to do the following: - Make
payments other than bond overdue to the extent that they are found to be negligent in making
payments of the amount under the terms of the trust agreement and the recognition of debts, except
payments made in the course of the Company's day-to-day operational obligations or loan payments to
other parties who have the right of preferential or the right to precedence over payment. - Obtaining
loans from banks or other financial institutions, issuing debt securities in any form that has a material
impact on the sustainability of the Company's business activities unless the proceeds from the loan or
issuance of such bonds are used to pay off the outstanding amount under the Trust Agreement or meet
the financial ratio provisions under the trust agreement. - Pleged the Company's assets to other parties
except assets pledged for debts or loans obtained for daily business activities. - Merge, consolidate or
amalgamate with the company or other parties except to the extent that it is carried out in the same line
of business as the one carried out by the Company and all terms and conditions in the trust agreement
and other related documents remain in full force and binding on the successor company. Company are
also required to maintain a maximum Debt to Equity Ratio of 10 times. As of June 30, 2023 and
December 31, 2022, the Company has made interest payments on bonds in accordance with the
predetermined maturity and has fulfilled all the requirements stated in the trust agreement.
Page 30
[8694000a] Notes to the financial statements - Bank Loans by Order of Liquidity - Financing Industry
Catatan utang bank berdasarkan tingkat likuiditas Notes for bank loans by order of liquidity
30 June 2023 31 December 2022
Utang bank berdasarkan Utang bank berdasarkan
tingkat likuiditas, nilai Total utang bank, kotor tingkat likuiditas, nilai Total utang bank, kotor
dalam mata uang asing dalam mata uang asing
Bank loans by order liquidity, Bank loans by order liquidity,
Total bank loans, gross Total bank loans, gross
amount in foreign currency amount in foreign currency
Bank Btpn Tbk USD 195,338,000,000 195,338,000,000 393,275,000,000 393,275,000,000 USD Bank Btpn Tbk
Mata uang 195,338,000,000 393,275,000,000 Currency
Bank asing lainnya IDR 140,000,000,000 140,000,000,000 140,000,000,000 140,000,000,000 IDR Other foreign banks
USD 1,292,236,000,000 1,292,236,000,000 1,698,948,000,000 1,698,948,000,000 USD
Mata uang 1,432,236,000,000 1,838,948,000,000 Currency
Catatan utang bank berdasarkan tingkat likuiditas Notes for bank loans by order of liquidity
30 June 2023 31 December 2022
Total utang bank, kotor 1,627,574,000,000 2,232,223,000,000 Total bank loans, gross
Total utang bank, bersih 1,627,574,000,000 2,232,223,000,000 Total bank loan, net
Page 31
[8694100] Disclosure of Notes to the financial statements - Bank Loans by Order of Liquidity - Financing Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas utang bank Maturity date of bank loan ranged between 1 to 52 months. During the period of the loan, the Company Disclosure of notes for bank loans by order of
berdasarkan tingkat likuiditas is required to fulfill certain financial covenants and negative covenants. The loan facilities from those liquidity
banks require the Company to provide written notice in respect of changes of capital and shareholders,
changes of directors and commissionairs, changes of main business, investment and obtaining new
loan facilities from other banks. The term loans (except for syndicated loan) are partially secured by
letter of guarantees issued by Hino Motors, Ltd., a shareholder, PT Tritunggal Inti Permata, a related
party, and Sumitomo Corporation, a related party, for 40%, 40% and 20%, respectively, of the liabilities
of the Company to the banks with maximum guarantee amount of US$200,000,000 and
US$165,000,000 as of June 30, 2023 and December 31, 2022. The loan agreements include certain
covenants which are normally required to the Company for such credit facilities. Under the loan
agreements, the Company is also obliged to comply with financial covenants such as maintain gearing
ratio at maximum 10:1 and other reporting obligations. During the six-months period ended June 30,
2023 and year ended December 31, 2022, the Company has complied with all the loan covenants of
the term loan facilities referred to above. Annual interest rates of bank loans: Rupiah 5,05% - 5,90%
3,75% - 5,05% Rupiah Dolar AS 4,54% - 6,36% 0,78% - 5,65% US Dollar During the six-months period
ended June 30, 2023 and year ended December 31, 2022, the Company has paid the loan principal
and interests installments on schedule. The Company has paid loan to the Banks amounted RpNil and
Rp1,401,192,500,000, for the six-months period ended June 30, 2023 and year ended December 31,
2022, respectively. There are no Company?s assets which are held as collateral for above loans. The
loan facilities are used for the Company?s working capital and refinancing purpose. In order to manage
the risk associated with the fluctuation of foreign currency exchange rate and floating interest rate, the
Company entered into cross currency interest rate swap contracts with banks which provide derivative
facility to the Company (Note 15).
Page 32
[8695000] Notes to the financial statements - Borrowings, by creditor, by currency - Financing Industry
Catatan pinjaman Notes for borrowings
30 June 2023 31 December 2022
Pinjaman dalam mata uang Pinjaman dalam mata uang
Total pinjaman Total pinjaman
asing asing
Borrowings in foreign Borrowings in foreign
Total borrowings Total borrowings
currency currency
Bank Btpn Tbk USD 195,338,000,000 195,338,000,000 393,275,000,000 393,275,000,000 USD Bank Btpn Tbk
Mata uang 195,338,000,000 393,275,000,000 Currency
Bank asing lainnya IDR 140,000,000,000 140,000,000,000 140,000,000,000 140,000,000,000 IDR Other foreign banks
USD 1,292,236,000,000 1,292,236,000,000 1,698,948,000,000 1,698,948,000,000 USD
Mata uang 1,432,236,000,000 1,838,948,000,000 Currency
Page 33
[8695100] Disclosure of Notes to the financial statements - Borrowings - Financing Industry
Pengungkapan Disclosure
30 June 2023
Pengungkapan catatan atas pinjaman - Disclosure of notes for borrowings
Page 34
[8697000] Notes to the financial statements - Bank Loans by Order of Liquidity Interest Information - Financing Industry
30 June 2023
Catatan utang bank berdasarkan tingkat likuiditas Notes for bank loans by order of liquidity
Utang bank berdasarkan
tingkat likuiditas, nilai dalam Jatuh tempo utang bank Bunga Jenis bunga
mata uang asing
Bank loans by order liquidity,
Due date for bank loan Interest rate Interest rate type
amount in foreign currency
Bank Btpn Tbk USD 195,338,000,000 2026-07-21 5.93% - 6.17% Floating USD Bank Btpn Tbk
Bank asing lainnya IDR 140,000,000,000 2024-04-04 0.059 Fixed IDR Other foreign banks
USD 1,292,236,000,000 2027-10-05 5,78% - 6,36% Floating USD
31 December 2022
Catatan utang bank berdasarkan tingkat likuiditas Notes for bank loans by order of liquidity
Utang bank berdasarkan
tingkat likuiditas, nilai dalam Jatuh tempo utang bank Bunga Jenis bunga
mata uang asing
Bank loans by order liquidity,
Due date for bank loan Interest rate Interest rate type
amount in foreign currency
Bank Btpn Tbk USD 393,275,000,000 2026-07-21 0.05 Floating USD Bank Btpn Tbk
Bank asing lainnya IDR 140,000,000,000 2024-04-04 0.05 Fixed IDR Other foreign banks
USD 1,698,948,000,000 2027-10-05 5% - 6% Floating USD
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.