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2024 A N N U A L
R E P O R T
Energy
for Growth
PT Medco Energi Internasional Tbk
Page 2
Energy for Growth In 2024, MedcoEnergi reinforced its position as a leading energy and natural resources company through a diversified portfolio in Oil & Gas, Clean Power and Copper & Gold Mining across Southeast Asia and the Middle East.
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2024
A N N U A L
R E P O R T
Bualuang Platform, Thailand
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Thailand
13
21
12
Management Business
Discussion and Analysis Activities
10
1 9
8
7
22
23
Su
m
at
20
ra
24
2
26 Kalimantan
25 11
27
3
4
HQ
5
6
34
Java
28
29
30
33
31
32
Pipeline HQ
West Natuna Transportation System The Energy Building, Jakarta
Grissik-Batam-Singapore
Grissik-Duri
Production Installed Production
Development Development Development
Exploration Exploration Exploration
Oil & Gas Power Copper & Gold Mining
2 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
16 Mexico 18 Yemen
17 Tanzania 19 Oman
15
Sulawesi
Papua
14
Oil & Gas
1 Block A 8 South Natuna Sea Block B O&G International
14 Senoro-Toili
2 Corridor 9 North Sokang 15 Donggi Senoro LNG 16 Block 10 & 12, Mexico
3 South Sumatra Region 10 West Bangkanai 17 Block 1 & 4, Tanzania
4 Amanah 11 Bangkanai 18 Block 9 Malik, Yemen
5 Sampang 12 Simenggaris 19 Block 60, 48, 56 &
6 Madura Offshore 13 Tarakan Karim Small Fields, Oman
7 Beluga
20 Onshore Receiving Facility, Singapore
21 Bualuang, Thailand
Power IPPs Copper & Gold Mining
22 Sarulla Geothermal 26 DEB, MEB & ELB Gas-fired 30 Ijen Geothermal 33 Batu Hijau
23 Samosir Geothermal 27 EPE & MPE Gas-fired 31 East & West Bali Solar PVs 34 Elang
24 Riau Gas-fired 28 Cibalapulang Mini-hydro 32 Sumbawa Solar PV
25 Bonjol Geothermal 29 Pusaka Mini-hydro
PT Medco Energi Internasional Tbk 2024 Annual Report 3
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Table of Contents
01 04
2024 Performance Company Profile
10 Report by the President Commissioner 52 Company History
12 Report by the President Director 54 MedcoEnergi in Brief
and the CEO
56 Management
16 Achievements
60 People and Organization
17 Awards
68 Financial Highlights
69 Operational Highlights
02 70
71
Share Performance
Shareholding Composition
Management Discussion
72 Outstanding Securities
& Analysis
78 Corporate Data
20 Financial Review 79 Company Offices and Supporting
Institutions
22 2025 Outlook
24 New Sales Contracts
03 05
Business Activities Sustainability
28 Oil & Gas 82 Sustainability
40 Power 84 Sustainability Policy
44 Copper & Gold Mining 84 2024 Achievements
48 Other Businesses 86 Community Development Highlights
Block A, Aceh
4 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
06 07
Corporate Governance Attachments
92 Principles 126 Company Structure
92 General Meeting of Shareholders 128 Organization Structure
94 Board of Commissioners 129 Ultimate Beneficiary Owner Structure
98 Board of Directors 130 List of Abbreviations
102 Committees Reporting to the BOC 134 Cross Reference
to OJK Requirements
109 Sustainability & Risk Management
147 e-Financial Statements
110 MedcoEnergi Code of Conduct
111 Corporate Secretary
113 Corporate Audit & Integrity
Compliance
116 Anti-Corruption
117 Whistleblowing Systems
119 Employees and Management
Shares Ownership Program
121 Material & Affiliate Transactions
122 Independent Accountant
123 Board of Commissioners &
Board of Directors Statement
PT Medco Energi Internasional Tbk 2024 Annual Report 5
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
2024 Highlights
12 4
Onshore Offshore Oil & Gas Production
Oil & Gas Production Production (mboepd) 163 160 152
Assets Assets
100 94
60 60 129 128 111
10 7
Exploration & Gas
Presence in
Development 40 34 34 32 41
Countries Oil
Assets
2020 2021 2022 2023 2024
2P Reserves and Contingent
84% 16%
Resources (mmboe)
Onshore Offshore
Production Production 1,041 896
1,040
1,125 996
27% 73%
Contingent Resources
Oil Gas 2P Reserves
310 389 481 539 493
Production Production
2020 2021 2022 2023 2024
7 2 1 1
Operated Operated Operated Operated
Power Gas-fired Mini-hydro Geothermal Solar PV
IPPs IPPs IPP
926 IPP
Power
MW Capacity
4,108 Total
GWh Sales
Power Sales, Gas-Fired &
Renewables (GWh)
3,993 4,155 4,108
801 831
855
2,639 2,718
817 870
20% 1,975 O&M
Power
MW Capacity
Renewables
Gas-Fired
1,822 1,848 3,138 3,353 3,277
Renewables 2020 2021 2022 2023 2024
120,000
Copper & Gold Processing Copper & Gold Production
Mining Facilities
731 803
tonnes/day
463
900,000
132 156
Smelter
Capacity Gold (Koz)
464
294 234 312 395
tonnes/year Copper (Mlbs)
2020 2021 2022 2023 2024
6 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
6,300+ 15,400+ 980+ Our People
Employees Contractors Petrotechnical
Professionals
21% 130,000+ 550
Female in Leadership Training Hours Training Subjects
Maintained MSCI ESG Rating1 Maintained CDP Score
Environmental,
Social &
AA
B B Governance
A A
BBB
BB 2023 2024
2020 2021 2022 2023 2024
As of 2024, PT Medco Energi Internasional Tbk
Improved Sustainalytics ESG Risk Rating2
1)
has received an upgrade to its MSCI ESG
rating, from “A” to “AA”.
46.9 42.2
36.7
2)
Sustainalytics Disclaimer Statement on page
29.6 29.1 131.
2020 2021
2022
2023 2024
Oil & Gas Oil & Gas
Scope 1 & 2 GHG Methane (CH4)
REDUCED EMISSION
I n 2 0 2 4 f r o m B a s e Ye a r 2 0 1 9 GHG
30% CH4
46%
Credit Ratings EBITDA
US$ milion
BB-
Financial
B+ B+ B+ B+
BB-
B+ B+ B+ B+
B1
1,593 1,255 1,272
B1 B1 B1 B1
452 667
Outlook upgraded
from Stable
to Positive
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
PT Medco Energi Internasional Tbk 2024 Annual Report 7
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2024 Performance 10 Report by the President Commissioner 12 Report by the President Director and the CEO 16 Achievements 17 Awards
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01 Forel Platform and Marlin Natuna FPSO, South Natuna Sea Block B, Riau Islands
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Report by
As MedcoEnergi approaches its 45th anniversary in 2025, the Company
concluded 2024 with strong momentum—demonstrating resilience,
innovation, and steadfast commitment to its mission of supplying
the President
affordable, reliable and sustainable energy.
The Board of Commissioners acknowledges the strong performance
Commissioner
delivered across the Company’s business segments. Through effective
execution, the Directors have reinforced MedcoEnergi’s strategic positioning
while advancing operational excellence and sustainability leadership.
We commend the Board of Directors for their delivery of results that
exceeded operational and financial targets, maintained a world-
class safety record, and strengthened our ESG credentials. These
achievements not only supported shareholder returns, but also
underpinned the Company’s reputation as a trusted and responsible
energy player in the region.
Evaluation of Management and Strategy
Execution
In 2024, the Directors effectively navigated market dynamics, executed
the Company’s strategy across Oil & Gas, Power, and Mining segments,
and preserved financial discipline. We observed prudent capital
allocation, strengthened risk management practices, and meaningful
stakeholder engagement that enhanced business resilience.
The Board welcomes the Company’s continued ESG progress, including
the MSCI rating upgrade to AA and sustainability-linked achievements
across the value chain. These advancements, alongside the Company’s
upgraded credit ratings, affirm its ability to maintain access to diverse
and competitive capital—an essential enabler of long-term growth.
We also commend the Directors for seizing strategic opportunities and
achieving major milestones in 2024, by bringing onstream gas projects
in Natuna, East Java and Corridor, expanding the renewable portfolio,
while pursuing continued value creation from the copper & gold mining
investment.
In Oil & Gas, the Company achieved above-guidance production,
successfully progressed a variety of complex projects, collaborated with
new partners in Oman, navigated market dynamics to take advantage
of emerging opportunities and signed new gas sales agreement.
In Power, major advances were achieved in renewables ventures, notably
the Ijen geothermal, the East Bali Solar PV and the Bulan Solar PV projects.
“
We remain committed to our strategic position in PT Amman Mineral
Internasional Tbk (AMMN) and are pleased with the completion of the
copper concentrate smelter and precious metal refinery in 2024. This
A Legacy of investment reinforces the Company’s long-term growth, with copper
being essential to the global electrification agenda.
Delivering
Energy with
Purpose and
Responsibility
“ We are particularly pleased with the Company’s deepening commitment
to diversity and inclusion, which we view as integral to organizational
resilience and innovation. The launch of the Women at Work Community
is a significant step forward in fostering an inclusive workplace culture,
offering peer support, mentorship, and career development opportunities
for female professionals across the Company.
Yani Y. Panigoro
President Commissioner
10 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Supervising the Board of Directors The Good Corporate Governance Committee held one
The Board of Commissioners continued to perform its oversight meeting and continued to assist the Board in overseeing
responsibilities through structured and ongoing collaboration the implementation of GCG principles and embedding
with the Board of Directors. In 2024, five quarterly joint sessions corporate values across all levels of the organization.
were held to evaluate operational and financial performance, Finally, the Sustainability and Risk Management
approve the Company’s long-term plan and budget, and Committee, which met four times, further advanced the
monitor the execution of strategic priorities. Company’s ESG initiatives, monitored climate-related
risks, and supported efforts to enhance operational safety
In addition to these scheduled sessions, the Board of and environmental performance.
Commissioners participated in the Annual General Meeting
of Shareholders and attended the Company’s Capital Prospects for 2025
Markets Day in Jakarta. During the latter, the Directors The Board of Commissioners is confident that MedcoEnergi
shared MedcoEnergi’s strategic direction and long-term is well-positioned to pursue its business plans in 2025.
vision with the investment community. These interactions Management’s continued focus on safety, operational
supported effective governance, strategic alignment, and excellence, ESG leadership, and financial discipline—
transparent communication. including ongoing debt reduction and prudent capital
spending—will enable the Company to navigate the evolving
The Board also recognizes Management’s commitment energy landscape.
to maintaining open and regular communication with
stakeholders and government. These ongoing dialogues In 2025, MedcoEnergi will continue to strengthen its energy
have helped build market confidence and ensure that transition capabilities, enhance sustainability leadership, and
stakeholders remain well-informed on the Company’s replenish reserves through new development and exploration
progress and outlook. activities.
Good Corporate Governance In Oil & Gas priorities include selective portfolio
We commend the Directors for their continued focus management, securing extensions of key Production
on strengthening corporate governance frameworks Sharing Contracts and bringing the Forel and Terubuk
and upholding the highest ethical standards. In 2024, fields onstream.
the Company established a new Corporate Ethics and
Compliance Committee, chaired by the Chief Administrative In Power, the Company is set to bring the Ijen geothermal
Officer and reporting to the Board of Directors and and the East Bali Solar PV projects into commercial
expanded ISO 37001:2016 Anti-Bribery Management operations, and to continue progressing the Bulan Solar PV
System certifications to cover the Karim Small Fields in project, supporting long-term growth in renewable energy.
Oman and the Riau gas-fired power plant, bringing the total
number of certified assets to eleven—further advancing our The Board supports the Management’s strategic
commitment to integrity and compliance. direction to position the Company as a key contributor
to a sustainable and resilient energy future, and remains
The Board also notes the upgrade of an ISO-compliant committed to providing oversight and counsel to ensure
whistleblower system and the introduction of a Personal the Company continues delivering long-term value.
Data Protection Policy, which together enhance the
transparency and accountability of internal reporting and Appreciation
data governance mechanisms. On behalf of the Board of Commissioners, I extend
our sincere appreciation to our colleagues for their
Our four committees reporting to BoC also continued to play professionalism, dedication, and for consistently embodying
a vital role in maintaining robust governance, oversight, and Medco Leadership Behaviors, to our vendors and partners
sustainability, further supporting the Company’s responsible for their collaboration, and to the Government of Indonesia
growth. The Nomination and Remuneration Committee, and local communities for their enduring support.
which held two meetings in 2024, focused on leadership
development, succession planning, and aligning executive As we enter our next chapter, we remain committed to our role
compensation with performance to drive long-term value. as a trusted energy partner—continuing to drive sustainable
growth and shared value as part of our enduring journey of
The Audit Committee, which met four times during Energy for Growth.
the year, remained diligent in ensuring financial
transparency, strengthening internal controls, and With this spirit, we wish everyone a happy, healthy, and
reinforcing compliance with applicable standards. prosperous 2025!
Yani Y. Panigoro
President Commissioner
PT Medco Energi Internasional Tbk 2024 Annual Report 11
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Report by
the President Director
and the CEO
“ 45 years delivering
affordable, reliable and
sustainable energy
“
Hilmi Panigoro and Roberto Lorato
President Director and Chief Executive Officer
12 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
2024 was another strong year across all our business electrification also continued to accelerate, driving sustained
segments – Oil & Gas, Power, and Copper & Gold Mining demand for copper. This reinforces the long-term strategic
– with each delivering results that met or exceeded our value of our 20.9% stake in AMMN, which operates the Batu
expectations. Hijau mine and is advancing the development of a new
copper smelter, precious metal refinery and Elang deposit.
MedcoEnergi reached several key milestones, including first
gas of the West Belut platform in Natuna and the award Strategy Implementation
of a conditional import license from Singapore’s Energy Our strategy continues to deliver value—driving production
Market Authority for the Bulan Solar PV project, potentially growth, energy diversification, and improved financial
one of Southeast Asia’s largest solar developments. We also performance across our Oil & Gas, Power, and Copper &
continued progress on the Batu Hijau copper smelter—the Gold Mining businesses. This progress reflects disciplined
equipment has been successfully commissioned—and execution, responsible growth, and a consistent focus on
PT Amman Mineral Internasional Tbk (AMMN) has achieved ESG leadership.
production of its first copper cathode in March 2025. Our
ESG credentials continued to strengthen with MSCI rating Our Climate Change Strategy is embedded across all
upgrade and another year of world-class safety performance. business lines and aligned with our long-term sustainability
goals. Together with prudent capital management and
In 2025, MedcoEnergi marks its 45th anniversary - a disciplined liability management, this approach has
journey built on entrepreneurship, technical excellence, strengthened our balance sheet and maintained access
and commitment to sustainability. These values have to competitive funding. In 2024, S&P and Fitch upgraded
shaped a resilient, adaptive and forward-looking company, MedcoEnergi’s credit rating to BB- from B+, acknowledging
contributing meaningfully to the region’s energy and our financial stability and positive outlook. For the past two
natural resources sector. Since acquiring the Corridor Block years, we have outperformed peers on profitability and total
in 2022, we now supply over 20% of Indonesia’s domestic shareholders return.
gas demand, underscoring MedcoEnergi’s national strategic
role. In Oil & Gas, we pursue disciplined acquisitions and organic
growth to build a resilient, cash-generative portfolio.
Macroeconomic Views for 2024 Since 2015, this strategy has increased production from
In 2024, the global economy showed a solid annual growth 47 mboepd to 152 mboepd in 2024. Key acquisitions—
rate of 3.2%. However, this growth is projected to moderate including South Natuna Sea Block B (2016), Ophir Energy
in 2025, mainly due to factors like higher trade barriers (2019), Corridor Block (2022), and Oman Block 60 (2023)—
and increased policy uncertainty, which could impact have been successfully integrated. In 2024, we delivered
investment and household spending, and possibly lead to first gas from West Belut, brought Suban-27 and Meliwis-3
lower oil prices. onstream, and secured the Amanah PSC award, further
enhancing our long-term profile.
However, Southeast Asia and Indonesia—where most of
MedcoEnergi’s portfolio is based—are expected to see In Power, we continue to expand our gas and renewable
continued growth for years to come, driven by stronger IPP portfolio to support Indonesia’s energy transition.
domestic demand and favorable demographics. Since entering the renewables sector in 2013, we have
built strong technical capabilities. In 2024, we reached
Indonesia’s economy expanded by 5% in 2024, showing mechanical completion in Ijen Geothermal Phase 1, with
continued resilience amid global uncertainties supported commercial operations starting in early 2025. We also
by strong domestic consumption and steady investment. secured a new geothermal exploration award in Samosir,
This growth drove higher demand for energy to power North Sumatra, marking another step in strengthening our
industry, infrastructure, and urban development. renewable energy pipeline. These developments reflect our
commitment to reliable, clean energy infrastructure aligned
In parallel, the government’s target to quadruple installed with national decarbonization goals.
power capacity by 2050 highlights the growing need for
reliable, affordable and sustainable energy sources. While In Copper & Gold Mining, we maintain a strategic 20.9%
coal and oil remain the baseload, natural gas is increasingly stake in AMMN, which is committed to responsible and
playing a central role in support of the transition to lower sustainable operations. AMMN is advancing the Elang
carbon energy, with renewables expected to meet additional deposit and expanding its downstream capabilities. In
demand, particularly in industrial and commercial sectors. September 2024, AMMN inaugurated its copper smelter
and precious mineral refinery in West Sumbawa, officiated
MedcoEnergi responded effectively to this rising regional by President Joko Widodo—marking a major milestone
demand, though we experienced tighter competition in Indonesia’s downstream mineral development and
for gas supply into Singapore. The global trend toward industrialization agenda.
PT Medco Energi Internasional Tbk 2024 Annual Report 13
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Achievements and Operational Highlights solar PV, reinforcing our commitment to efficiency and
In 2024, MedcoEnergi delivered strong operational and financial sustainability. A new gas contract with Singapore, the GSA-3,
results, surpassing key targets and advancing strategic goals. Oil & was commenced in Q3-2024. Drilling at Terubuk is ongoing,
Gas production reached 152 mboepd—above the 145–150 mboepd with first gas expected in Q2-2025. For the Forel Project, the
guidance with 73% gas and 27% oil, reinforcing focus on natural gas as Marlin Natuna FPSO set sail in Q4-2024 and is expected
transition fuel. Our power segment recorded 4,108 GWh in sales, with to deliver first oil in Q2-2025. We are also progressing PSC
renewables contributing 20%, expanding our renewable footprint. extension discussions and evaluating the potential for
Block B Natuna to serve as a regional carbon capture and
EBITDA increased to US$1,272 million, up from US$1,255 million in storage (CCS) hub for emissions from industries in the region.
2023, supported by the full-year contribution from Oman Block
60, acquired in December 2023, which offset lower contractual In Bualuang, Thailand, four new wells were drilled, unlocking
working interest in the Corridor Block post PSC extension. Net new reserves in the eastern area of the field. We also received
income increased to US$367 million from US$331 million in the a Production Period Extension in December 2024 and the
previous year, supported by higher returns from our investment Supplementary Concession Agreement will be signed in
in AMMN and Oman Block 60. Average realized prices remained 2025. At Oman Block 60, we drilled two exploration wells
stable at US$78/bbl for liquid and US$7/mmbtu for gas, supported and made discoveries in the Karif formation. The block
by strong market demand. contributed 13 mboepd in 2024. Drilling activity continued
at pace with 67 wells completed for development,
Our capital expenditures were US$436 million, slightly above appraisal, and exploration. A notable highlight was the gas
the US$430 million guidance, driven by Oman 60 drilling and discovery in ABB North, where two wells were brought into
additional drilling activities in Corridor and East Java, while production, with nine additional wells planned in 2025. We
some power project spending was adjusted following schedule also expanded our exploration portfolio by obtaining the
changes. These results enabled continued shareholder value Amanah PSC in South Sumatra.
creation. After doubling annual dividend payments between
2021 and 2023, we raised our 2024 dividend by 9% affirming our Power
commitment to sustained returns. In 2024, Medco Power’s operational performance
was affected by maintenance shutdowns at Riau
Health and Safety and DEB Batam IPP, however it still recorded
At MedcoEnergi, health and safety remain paramount. In 2024, we power sales of 4,108 GWh, meeting our target of
sustained our world-class safety record, achieving a Total Recordable 4,100 GWh and made significant progress on its key
Incident Rate (TRIR) for of 0.10 in our Oil & Gas operations. This projects. The 39 MW Energi Listrik Batam Expansion
performance significantly outperforms the 2023 international project, designed to convert waste heat to power,
industry average TRIR of 0.84 for oil and gas producers, as reported reached 90% completion while the first phase of the
by the International Association of Oil & Gas Producers (IOGP), and Ijen Geothermal project (35 MW) reached mechanical
also surpasses the Indonesian industry average. completion. In geothermal Medco Power was also
awarded a Preliminary Survey and Exploration (PSPE)
Our commitment to continuous improvement led to the license for the 40 MW project in Samosir, North Sumatra
implementation of an enhanced health & safety monitoring and advanced land acquisition and site preparations for
program across our operational areas, further strengthening our the 60 MW Bonjol project. In solar, our consortium was
safety culture and performance. Medco Power achieved zero lost awarded a conditional license from Singapore’s Energy
time incidents for the fourth consecutive year, accumulating a Market Authority to import 600 MW of solar power to
remarkable 49,681,810 safe man-hours. Singapore through the Bulan Solar PV project, while
the East Bali Solar PV project is expected to be online
Oil & Gas in the Q2-2025. Medco Power is also conducting studies
Key projects at Corridor, Senoro, Sampang, Madura Offshore, aimed at assessing potential wind opportunities in West
Bualuang, South Natuna Sea Block B, and Oman supported Sumbawa.
our above-target oil and gas production. At Corridor Block, we
completed a 3D seismic acquisition in Rebonjaro and the Sumpal Copper & Gold Mining
acquisition is on track for completion in Q2-2025 to support PT Amman Mineral Nusa Tenggara (AMNT) continued to
future development. At Senoro, we drilled five development wells prioritize safe and responsible production, and in July 2024 was
and progressed development in the southern area of the field. In awarded The Copper Mark accreditation. The company achieved
Madura Offshore, we brought Meliwis-3 infill well onstream. higher net sales and net income, record concentrate production
and significantly higher Copper & Gold prices. It also reached a
At South Natuna Sea Block B, we completed the West Belut very significant milestone, on-time mechanical completion for
gas project and achieved first gas in under three years since the transformational smelter project, allowing it to export copper
first discovery. The unmanned platform is fully powered by cathodes, which are exempt from export restrictions.
14 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Sustainability 2025. At our other onshore assets, South Senoro is set to
Our sustainability journey is guided by a clear vision come onstream in Q4-2025, while we continue enhancing
and reinforced by internal policies and alignment with gas deliverability to meet growing demand. Offshore, the
national and international regulations, standards, and Forel FPSO and Terubuk field will start production in Q2-
best practices. We continue to strengthen our frameworks, 2025. We are also progressing studies on undeveloped
including the Climate Change Strategy, Human Rights discoveries and nearby prospects.
Policy, Stakeholder Engagement Plan with a dedicated
grievance mechanism and the development of a Just In Power, four projects are expected to reach
Transition Plan. commercial operation in 2025: Ijen geothermal, East
Bali Solar PV, and Unit 1 of the Timor O&M project in
We have made steady progress in improving our ESG Q1, followed by the Energi Listrik Batam Expansion in
performance over the past six years, reinforcing our Q3. At AMMN, cathode production has commenced,
position as a responsible and forward-looking company. and all copper concentrate will be processed in-
These efforts are valued by investors and consistently house this year. The smelter is designed to produce
recognized by global rating agencies. Our MSCI ESG up to 222 kilotonnes per year of Grade A LME copper
rating was upgraded from A to AA in November 2024, cathodes and 830 kilotonnes per year of sulfuric acid.
placing the Company in the “Leader” category. We also Mining began at Phase 8 in early 2025, alongside other
remain in the top quartile of our industry peers, with expansion projects and ramp-up of smelter operations
Sustainalytics ranking us 22nd out of 294 global oil and to full capacity.
gas producers in ESG risk. These recognitions reflect our
continued commitment to sustainability, accountability, Our 2025 guidance includes oil and gas production of
and transparency. 145-150 mboepd, with unit cash costs targeted to remain
below US$10/boe. Oil & Gas capital expenditure is forecast
Corporate Governance at US$400 million, focused on development in Natuna
We continued to strengthen our commitment to ethical Terubuk, Senoro Phase 2, and the Corridor exploration
business practices and robust governance. Key processes program, as well as international operations in Oman
were enhanced to uphold high standards of integrity, Block 60 and Bualuang, Thailand Phase V. Medco Power
accountability, and long-term sustainability. A key milestone targets power sales of 4,500 GWh, with US$30 million
in 2024 was the establishment of the Corporate Ethics and in capital expenditure mainly allocated for completion
Compliance Committee, reporting to Board of Directors of the ELB Batam Expansion, execution of Bonjol
and chaired by the Chief Administrative Officer, reinforcing geothermal exploration drilling and Bulan Solar PV pre-
oversight and ethical conduct across the organization. FID, supporting growth in renewable energy and system
reliability.
Our Good Corporate Governance Committee successfully
upgraded the whistleblower system in line with Appreciation
ISO 37002:2021, improving transparency and employee In 2024, we made significant strides, thanks to the
protection. We also expanded ISO 37001:2016 Anti-Bribery unwavering support of individuals, institutions, and
Management System certifications to include the Karim the business community. We extend our heartfelt
Small Fields, our Oman operation, and the Riau gas-fired gratitude to our colleagues for their talent, innovation,
power plant—further affirming our zero-tolerance stance on and dedication, which propel the Company’s ‘Energy for
corruption. Growth’ journey. Our sincere appreciation also goes to
the Government of Indonesia, vendors, and contractors
2025 Outlook for their fruitful partnerships.
The Company began 2025 with solid progress and a
positive outlook across all three business segments. In To the communities in which we operate, your
Oil & Gas, key development and exploration activities collaboration is invaluable, and we are committed to
will continue including a hydrocarbon discovery at growing together. As we celebrate 45 years of resilience
West Kalabau-1, Rimau, the completion of 3D seismic and strength, we look forward to a future filled with
acquisition in Rebonjaro, Corridor and a further 237km2 shared success. We wish you and your families a healthy,
Sumpal seismic survey which will be completed in Q2- prosperous, and fulfilling year.
Hilmi Panigoro Roberto Lorato
President Director Chief Executive Officer
PT Medco Energi Internasional Tbk 2024 Annual Report 15
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Achievements
• Achieved world-class HSE performance with a TRIR of 0.10 and reduced Tier-3
Process Safety Events by 30%.
• Awarded the Amanah PSC block in South Sumatra, adjacent to existing
operations.
• Commenced first gas deliveries from West Belut (Block B) under GSA-3; brought
Meliwis-3, Madura and Suban-27, Corridor projects onstream.
• Signed new Gas Sales Agreements for Madura Offshore and began Block B GSA-3
deliveries.
• Secured Bualuang Thailand concession extension.
Oil & Gas • Submitted Bangkanai Phase II POD.
• Completed divestments of Area 47 Libya and Block 12W Vietnam.
• Oman KSF achieved 5 years LTI-free and 10 million safe man-hours.
• Credit ratings upgraded by S&P and Fitch to BB-; Moody’s improved outlook from
stable to positive.
• Ijen Geothermal Phase-1 reached mechanical completion in December 2024 and
began commercial operations in February 2025.
• Received conditional license from Singapore’s EMA to import 600 MW solar,
supporting a 2,000 MWp solar project at Pulau Bulan.
• Secured a geothermal exploration license (PSPE) in Samosir, North Sumatra.
Power
• Inaugurated a 900,000-tonne copper smelter in September, with commissioning
in December 2024 and first copper cathode in March 2025.
Copper & Gold
Mining
• MSCI ESG rating improved from ‘A’ to ‘AA’.
• Developed a Just Transition Plan for equitable energy transition.
• Achieved ISO 37001:2016 certification for Oman LLC and Medco Ratch Power,
Riau.
ESG • Fully implemented ISO-compliant Whistleblower System, established Corporate
Ethics and Compliance Committee, and Personal Data Protection Policy.
Commitments
Ijen Geothermal, East Java
16 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Awards
Oil & Gas Power Copper & Gold
Mining
2024 Asia-Pacific Awards Zero Accidents Award Subroto Award 2024
MedcoEnergi received the Deal of the Year Mitra Energi Batam and Medco Geothermal AMMN awarded for Most Innovative
award for its acquisition of a 20% interests Sarulla recognized for achieving zero Community Development and
in two Exploration and Production Sharing accidents. Empowerment in the Mineral Sector under
Agreements (Block 48 and Block 60) in the the Social and Cultural category.
Sultanate of Oman.
Energy Council Ministry of Manpower Ministry of Energy and Mineral
Resources
SKK Migas Award s EBTKE Awards 2024 Good Mining Practice Award
Medco E&P Indonesia recognized for the Medco Cahaya Geothermal recognized for AMMN received the highest award: the
Best Local Content Achievement, the Best excellence in Occupational Safety, Health, Good Mining Practice Trophy for Best
Compliance in Data Management, the and Geothermal Engineering in the non- Technical Mining Management. AMMN
Assurance and Consulting Excellent Award operating company for renewable energy also received three additional awards:
and the Best Achievement in Revenue and conservation. Aditama Award for Technical Management
Optimization & Cost Behaviour categories; of Mineral Mining, Utama Award for Mineral
Medco E&P Grissik recognized for the Best Ministry of Energy and Mineral Conservation Management and Utama
Performance in Financial Management Resources Award for Environmental Management of
and the Best Onshore Project Performance Mineral Mining.
categories; Medco E&P Natuna recognized 2024 Indonesia Electricity Award
for the Best Offshore Project Performance Energi Listrik Batam received the Excellent Ministry of Energy and Mineral
category. Service Award in the Energy Supply Chain Resources
Category.
Mining for Community Welfare
SKK Migas Listrik Indonesia Magazine Award
AMMN received two awards in the education
Zero Accidents Awards ASEAN Red Ribbon for Outstanding sector: the Implementation category and
Medco E&P Malaka and JOB Tomori Workplace Award the Monitoring and Evaluation category.
recognized for zero accidents. TJB Power Services recognized for its
commitment to create a safe and healthy Ministry of Energy and Mineral
work environment, particularly in HIV/AIDS Resources
Ministry of Manpower prevention.
2024 Sustainable Business Integrity ASEAN Business Coalition on HIV
Index and AIDS
MedcoEnergi awarded for ESG efforts in
business integrity, anti-corruption, business
and human rights and environmental
aspects.
Tempo Data Science and
Transparency International
Indonesia
Sustainability Disclosure
Recognition
Bualuang recognized for the third
consecutive year, for transparent
sustainability disclosure in accordance with
international ESG practices and standards.
Thaipat Institute
HSE Contractor Awards
Karim Small Fields (KSF) was awarded first
runner-up for Process Safety and Reliability.
Petroleum Development of Oman
PT Medco Energi Internasional Tbk 2024 Annual Report 17
Page 20
Management Discussion & Analysis 20 Financial Review 22 2025 Outlook 24 New Sales Contracts
Page 21
02
Page 22
2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Financial
Review
“ In 2024 we
continued to build
financial strength,
positioning
MedcoEnergi for
further growth
and value creation
“
Anthony R. Mathias
Director & Chief Financial Officer
20 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Financial Resilience for Strategic Growth Total capital expenditure in 2024 was US$436 million,
For several years we have been consistently building just above guidance. The increase was primarily
financial strength by delivering peer-leading return on driven by Oil & Gas investments, with additional
equity and shareholder value. Financial strength enables drilling activities in Corridor and Madura. Power
resilience and agility. And it is this agility that ultimately capital expenditure was US$71 million, focused
enabling MedcoEnergi to create growth opportunities on the Ijen geothermal project, the East Bali Solar
even in difficult market conditions. PV, and the 39 MW Energi Listrik Batam Expansion
project.
In 2024, MedcoEnergi exceeded its operational guidance
for oil and gas production including exceeding the Net Income and EBITDA
Governments targets for deliveries to our Corridor gas In 2024, EBITDA increased to US$1,272 million,
customers. We also met guidance for power sales, capital compared to US$1,255 million in 2023, reflecting
expenditure and cash unit costs and maintained a 10-year sustained operational performance and the accretive
2P reserve life while generating ~US$118 million from the full-year contribution from our Oman Block 60.
sale of the Vietnam and Libya assets. This addition to the portfolio effectively mitigated
the impact of the reduced working interest in
We also brought several new Oil and Gas fields onstream, the Corridor Block following the PSC transition in
including the Natuna West Belut platform with additional December 2023. Oman generated EBITDA of US$179
facilities optimization and infill wells in several other million and returned Net Income of US$71 million
onshore and offshore assets. We also reached mechanical after all financing costs. Our EBITDA from fixed
completion on the phase-1 of the Ijen geothermal project. income domestic gas contracts was approximately
US$413 million. With the continuing uncertain
Delivering our operational performance enabled geopolitical situation in early 2025, the fixed price gas
greater net debt reduction and allowed us to contracts offer a significant inherent hedge for this
again increase our annual cash dividend. In 2024 50% of our production.
Brent crude averaged US$80.7/bbl, opening at
US$80.3/bbl and closing at US$73.8/bbl. Cash and cash Net Income rose to US$367 million, from
equivalents, including restricted cash in banks, were US$331 million in 2023, supported by higher EBITDA
US$697 million at year-end, providing a strong liquidity from Oil and Gas, and higher profit contribution from
buffer to the continued price volatility. In early 2025, trade PT Amman Mineral Internasional Tbk (AMMN).
wars threats and geopolitics caused Brent to briefly touch
US$58.4/bbl, emphasizing the need for resilience and Oil & Gas EBITDA in 2024 was US$1,276 million,
agility if we are to continue to prosper. increased year on year with stable commodity prices
and unit costs. Average realized liquid prices were
Total consolidated debt closed the year at US$3.3 billion, US$78/bbl, average gas prices US$7/mmbtu and unit
while the net debt-to-EBITDA ratio for the oil and gas costs were US$8.2/boe, all essentially flat year on year.
restricted group improved to 1.8x in 2024, from 2.1x in Throughout 2024, and into early 2025 the Indonesian
2023, supported by strong operating cash flows and Rupiah continued to depreciate against the United States
continued financial discipline. We remain on track to Dollar. Essentially all the Company’s revenue is either paid
fully repay the debt drawn in December 2023 to fund our in US$ or in Rupiah but linked to the US$. A weakening
acquisition of the 20% stake in Oman Blocks 60 and 48. Rupiah does then generally benefit the Company’s
Despite the additional charges from this new debt our immediate financial results.
2024 net finance charges were US$221 million, compared
to US$227 million in 2023. This is the result of multiyear MedcoEnergi’s share of net income from AMMN rose to
scheduled debt repayments and bond buybacks. Finance US$133 million, a significant recovery from US$55 million
income was also higher in 2024 after growing our interest in 2023, a year when the mine was impacted by weather
in Transasia, which owns a 40% in the strategic pipeline disruptions and permitting delays.
owner and operator PT Transportasi Gas Indonesia.
Medco Power recorded a US$17 million negative net
Building greater financial strength will continue to be a priority income due to prolonged maintenance shutdowns
to counter the continuing volatile energy and capital markets at Riau and DEB Batam IPP, and mini-hydro assets
in 2025. Reflecting our progress, all three major international impairments. However, the year ended in a positive
credit rating agencies have recognized our strengthening note with the mechanical completion of the Ijen Phase
fundamentals: in 2024 Fitch Ratings and S&P Global Ratings I facility. The new Bali solar PV and Ijen geothermal
upgraded MedcoEnergi to BB-, and Moody’s revised its outlook assets will both contribute in 2025 and will add scale
to positive. Pefindo also reaffirmed our Indonesia rating as idAA-. to the business.
PT Medco Energi Internasional Tbk 2024 Annual Report 21
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Financial
Review
In 2024, we booked non-recurring gains following 2025 Outlook: Delivering Growth from
acquisitions to increase our interest in Transasia, we Projects
also took a write-down of our mini-hydro assets and on In early 2025, we announced a new share buyback
our Simenggaris gas field. The net increase in the non- program, reflecting the Board of Directors continued
recurring items was partially offset by the absence of the confidence in the Company’s fundamentals and valuation.
one-off dilution gain from AMMN’s IPO recorded in 2023.
Production in 2025 will benefit from the completion
Corporate Actions and commissioning of several new Oil & Gas and Power
In 2024 we acquired a consolidating interest in Transasia projects. The Terubuk and Forel fields at South Natuna
and completed the divestment of assets in Libya and Sea Block B are scheduled to commence production
Vietnam. in Q2-2025, followed by the Corridor Suban Facility
Optimization in Q4-2025. In Medco Power, the Ijen Phase
We worked hard to maintain access to diverse sources I geothermal IPP commercial began operation in Q1-
of competitively priced funding. In the capital markets 2025, followed by East Bali Solar PV in Q2-2025. The ELB
MedcoEnergi issued the last phase of our current rupiah Expansion project is planned for commercial operation in
Shelf Registered Bonds V and Medco Power issued Q4-2025. At AMMN, the first revenue for the year will be
the final phase of its rupiah Shelf Registered Sukuk generated in Q2 following successful production from the
Wakalah Bonds. We also launched several private market Smelter.
purchases and tenders of our USD bonds in exchange
for cash and amortizing loans. These opportunistic MedcoEnergi’s financial strategy remains focused on
USD bond private purchases and regular tender offers are building strength and agility through disciplined execution,
a part of the Company’s post-acquisition deleveraging prudent capital allocation, and continued deleveraging. The
strategy. Company has strengthened its financial and operational
scale, maintained access to diverse funding sources, and
Shareholder returns are always a key focus. The Company built strong liquidity. We have consistently delivered value
distributed US$70 million in dividends in 2024, a 9% through selective acquisitions, exploration success, and
increase from the previous year. At year-end 2024, strong operational execution. These principles will continue
MedcoEnergi had delivered a Total Shareholder Return to drive 2025 actions as we pursue sustainable growth and
of 166% since the end of COVID-19. long-term value creation for our stakeholders.
Consolidated Statement of Profit of Loss and Other Comprehensive Income (US$)
Increase/
Description 2023 2024 %
(Decrease)
Continuing Operations
Total Sales and Other Operating Revenues 2,249,337,578 2,399,190,555 149,852,977 7%
Total Cost of Sales and Other Direct Costs 1,215,676,557 1,465,722,766 250,046,209 21%
Gross Profit 1,033,661,021 933,467,789 (100,193,232) -10%
Selling, general, and administrative expenses (241,369,713) (216,890,499) (24,479,214) -10%
Other operating expenses-net (64,437,876) (45,526,901) (18,910,975) -29%
Profit before Income Tax Expense from Continuing Operations 727,853,432 671,050,389 (56,803,043) -8%
Income Tax Expense (339,666,380) (289,339,733) (50,326,647) -15%
Profit for the Year from Continuing Operations 388,187,052 381,710,656 (6,476,396) -2%
Discontinued Operations Loss for the year (42,418,449) (1,504,141) (40,914,308) -96%
Profit attributable to
• Equity Holders of the Parent Company 330,675,261 367,358,268 36,683,007 11%
• non-controlling interests 15,093,342 12,848,247 (2,245,095) -15%
Basic Earnings per share attributable to Equity Holders of the 0.01321 0.01466 0.00146 11%
Parent Company
Basic Earnings per share attributable from Continuing 0.01490 0.01472 -0.00018 -1%
Operations to Equity Holders of the Parent Company
Return on Equity 18% 17% -1% -5,6%
22 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Balance Sheet (US$)
Increase/
Description 2023 2024 %
(Decrease)
Current Assets 1,546,648,779 1,816,976,250 270,327,471 17%
Non-Current Assets 5,921,667,490 6,109,914,115 188,246,625 3%
Total Assets 7,468,316,269 7,926,890,365 458,574,096 6%
Current Liabilities 1,422,070,168 1,505,385,643 83,315,475 6%
Non-Current Liabilities 4,018,650,109 4,070,473,153 51,823,044 1%
Total Liabilities 5,440,720,277 5,575,858,796 135,138,519 2%
Total Equity 2,027,595,992 2,351,031,569 323,435,577 16%
Total Liabilities and Equity 7,468,316,269 7,926,890,365 458,574,096 6%
Capital Structure (US$)
Description 2023 % 2024 %
Interest-bearing Liabilities 3,295,416,440 44% 3,300,082,343 42%
Other Liabilities 2,145,303,837 29% 2,275,776,453 29%
Liabilities 5,440,720,277 73% 5,575,858,796 70%
Equity 2,027,595,992 27% 2,351,031,569 30%
Total Liabilities & Equity 7,468,316,269 100% 7,926,890,365 100%
Capital Expenditure (US$)
Increase/
Description 2023 2024 %
(Decrease)
Oil & Gas 262,400,577 365,258,137 102,857,560 39%
Power 133,678,870 141,525,763 7,846,893 6%
Total 396,079,447 506,783,900 110,704,453 28%
Capital Expenditure with Power Net portion (US$)
Increase/
Description 2023 2024 %
(Decrease)
Oil & Gas 262,400,577 365,258,137 102,857,560 39%
Power 72,191,642 70,884,573 (1,307,069) -2%
Total 334,592,220 436,142,710 101,550,491 30%
Block 60, Oman
PT Medco Energi Internasional Tbk 2024 Annual Report 23
Page 26
2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Financial
Review
Cash Flow
Consolidated Statement of Cash Flow (US$)
Increase/
Description 2023 2024 %
(Decrease)
Net cash provided by operating activities 723,225,943 1,219,541,609 496,315,666 69%
Net cash used in investing activities (629,251,025) (368,970,436) 260,280,589 -41%
Net cash used in financing activities (346,626,214) (569,204,360) (222,578,146) 64%
Increase (Decrease) in Cash and Cash Equivalents from
(252,651,296) 281,366,813 534,018,109 211%
Continuing Operations
Net Increase in Cash and Cash Equivalents from Discontinued
9,795,953 3,884,547 (5,911,406) -60%
Operations
Net Foreign Exchange Difference (3,194,298) (2,175,865) 1,018,433 -32%
Cash and Cash Equivalents at Beginning of Year 599,998,594 353,948,953 (246,049,641) -41%
Cash and Cash Equivalents at End of Year 353,948,953 637,024,448 283,075,495 80%
New Sales Contracts 4. Second Amendment to the Agreement between
Medco Energi Madura Offshore Pty. Ltd. and PT
Natural Gas Perusahaan Gas Negara Tbk. For the Sale and Purchase
The Company signed or amended numerous Gas Sales of Gas from Meliwis Field, signed on July 26, 2024.
Agreements (GSAs) in 2024. 5. Fifth Amendment of GSA between PT Medco E & P
Indonesia and PT Mitra Energi Buana, signed on July
New Agreements: 11, 2024.
1. A GSA between Medco Energi Madura Offshore Pty. 6. Early Termination Agreement of GSA between
Ltd. and PT Sarana Cepu Energi for the gas supply Simenggaris with PT PLN (Persero), signed on
from Madura Offshore PSC, signed on January 1, 2024. September 13, 2024.
2. A Side Letter Agreement (SLA) between PT Medco 7. Third Amendment to the Letter of Agreement (LoA) for
E & P Indonesia and PT Perusahaan Gas Negara Tbk, the Implementation of Natural Gas Price Adjustment
signed on February 27, 2024. between PT Medco E & P Malaka and PT Pertagas
3. A GSA between PT Medco E & P Tarakan and PT Niaga, signed on October 18, 2024.
Perusahaan Gas Negara Tbk for City Gas Tarakan, 8. Side Letter Agreement (SLA) between PT Medco E &
signed on June 21, 2024. P Indonesia and PT Mitra Energi Buana for Alternative
4. A Gas Swap Agreement between Medco E&P Grissik Gas Delivery under GSA, signed on December 10, 2024.
Ltd., PetroChina International Jabung Ltd., PT Pertamina 9. SLA between PT Medco E & P Indonesia and PT Pupuk
Hulu Rokan, PT Pertamina (Persero) and PT Transportasi Sriwidjaja Palembang for Alternative Gas Delivery
Gas Indonesia, signed on November 22, 2024. under GSA, signed on December 18, 2024.
10. SLA between PT Medco E & P Indonesia - PT Medco
Amendments and other agreements: E & P Lematang and PT Pupuk Sriwidjaja Palembang
1. Sixth Addendum to the GSA for Grati Combined for Alternative Gas Delivery under GSA, signed on
Cycle Power Plant between PT PLN Indonesia Power December 18, 2024.
and Medco Energi Sampang Pty. Ltd., Singapore 11. Mutual Agreement of LoA for the Implementation of
Petroleum Sampang Ltd, Cue Sampang Pty. Ltd., Natural Gas Price Adjustment between Medco E&P
signed on June 19, 2024. Grissik Ltd. and PT Perusahaan Gas Negara Tbk dated
2. Fifth Addendum to Agreement between Medco Energi February 2, 2024.
Madura Offshore Pty. Ltd. and PT Perusahaan Gas 12. Second Amendment to LoA for the Implementation
Negara Tbk. on Sale and Purchase of Gas from Maleo of Natural Gas Price Adjustment between Medco
Field and Peluang Field, signed on June 21, 2024. E&P Grissik Ltd. and PT Pupuk Sriwidjaja Palembang,
3. An Amended GSA between PT Pertamina EP (as signed on June 5, 2024.
seller) and PT Medco E & P Indonesia (as buyer) for Oil 13. Second Amendment to LoA for the Implementation
in Pengabuan, Serdang & Ibul Fields in South Sumatra, of Natural Gas Price Adjustment between Medco E&P
signed on June 21, 2024. Grissik Ltd. and PT PLN (Persero) signed on June 21, 2024.
24 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
14. Fourth Amendment to LoA for the Implementation New Agreements:
of Natural Gas Price Adjustment between Medco E&P 1. Spot Sales Oman Export Blend Crude Oil Agreement
Grissik Ltd. and PT Energasindo Heksa Karya signed between Medco Energi Global Pte. Ltd. and OQ
on June 18, 2024. Trading Limited, signed on January 18, 2024.
15. Agreement on Contract Price Reconciliation 2. Oman Export Blend Crude Oil Sales and Purchase
for Refinery Unit Dumai Gas sale and Purchase Agreement between Medco Energi Global Pte. Ltd.
Agreement between Medco E&P Grissik Ltd. and PT and Shell International Eastern Trading Company,
Perusahaan Gas Negara Tbk dated August 27, 2024. signed on January 30, 2024.
16. SLA between Gas Supply Ptd. Ltd., Medco E&P Grissik 3. Sampang Condensate Sales and Purchase Agreement
Ltd. and PetroChina International Jabung Ltd., dated (CSPA) between Medco Energi Sampang Pty. Ltd.,
November 18, 2024, regarding Gas Swap Agreement Singapore Petroleum Sampang Ltd, CUE Sampang
.17. Eight Amendment to Gas Sale and Purchase Agreement Pty Ltd and PT Surya Mandala Sakti, signed on April 1,
between Medco E&P Grissik Ltd. and PT Energasindo 2024.
Heksa Karya, signed on November 28, 2024. 4. Kerendan CSPA between Medco Energi Bangkanai
18. Seller Appointment Agreement of Natural Gas from Ltd. and PT Mirah Ganal Energi, signed on December
Corridor Contract Area for Gas Sales and Purchase 4, 2024.
Agreement between SKK Migas and Medco E&P
Grissik Ltd., signed on September 25, 2024.
Amendments and other agreements:
Crude Oil, Condensate, and Sulphur • Fifth Amendment to CSPA between Medco Energi
The Company signed or amended numerous crude oil Bangkanai Ltd. and PT Kimia signed on December 20,
and condensate contracts in 2024. 2024.
Kerisi Platform, South Natuna Sea Block B, Riau Islands
PT Medco Energi Internasional Tbk 2024 Annual Report 25
Page 28
Business Activities 28 Oil & Gas 40 Power 44 Copper & Gold Mining 48 Other Businesses
Page 29
03 South Sumatra Block, South Sumatra
Page 30
2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Oil & Gas
“ 45 Years of Energy,
Excellence and
Growth
“
Ronald Gunawan
Director & Chief Operating Officer
28 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
In 2024, we once again demonstrated our commitment and a high safety performance rating in an audit by SKK
to operational excellence, exceeding our Oil & Gas Migas. Our non-operated assets maintained zero LTIs,
production targets while maintaining a sharp focus while internationally, we achieved key safety milestones.
on safety and continuous improvement. Production Karim Small Fields (KSF), Oman, recorded five consecutive
reached 152 mboepd, surpassing the 145–150 mboepd years without LTIs and surpassed 10 million safe working
target, supported by new projects onstream such as West hours.
Belut facility in Natuna, new Corridor wells and facility
optimization and the Meliwis well in Madura Offshore. Indonesia
Also contributing to the higher production were better MedcoEnergi has 16 oil and gas assets in Indonesia, 12
performance in Oman with a full year contribution from of which are currently producing. In 2024, these assets
Oman 60, and overall strong market demand. Looking contributed a total production of 124.4 mboepd.
ahead, we expanded our exploration portfolio with the
award of the Amanah PSC and progressed our carbon Corridor Block
capture and storage (CCS) feasibility studies as part of our In 2024, Corridor Block, MedcoEnergi’s largest asset,
climate change strategy. produced 58 mboepd, exceeding the targeted 55.1
mboepd (net). This achievement was driven by two
Health and Safety Performance facility optimization projects; the Dayung field facility
Ensuring a safe and secure working environment remains a optimization and the commissioning of the LTR
fundamental priority across all MedcoEnergi operations. In Hydrocarbon Dewpoint project, as well as bringing
2024, we reinforced our safety culture through structured onstream three new infill wells. These investments in
programs, proactive risk management, and operational infill drilling and facility optimization contributed to an
discipline, achieving key milestones across our assets. increase in Corridor’s proved reserves .
At the Corridor Asset, we recorded over 10 million man- Other Onshore Indonesia Assets
hours with a zero Total Recordable Incident Rate (TRIR). Across our six operated onshore assets production
The implementation of ‘Fit to Work’ and ‘Safety Beyond exceeded targets by 9%, reaching 26.8 mboepd versus
Work’ programs further strengthened our safety culture. the targeted 24.6 mboepd. This performance was
Our Offshore Assets also maintained zero TRIR and zero supported by strong operational execution, along with
Lost Time Incidents (LTIs), earning the Patra Nirbhaya efficient well workovers and facility improvements, which
Adinugraha award for excellence in safety. enabled capturing the higher gas market demand in
South Sumatra.
In Onshore Operations, we recorded a TRIR of 0.12 due
to a single LTI. Mitigation strategies were promptly As part of ongoing development and exploration efforts,
implemented, leading to an enhanced safety framework several key milestones were achieved in 2024. At Block A,
Block 60, Oman
PT Medco Energi Internasional Tbk 2024 Annual Report 29
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Oil & Gas
Aceh, we successfully executed a safe turnaround under Non-operated Assets
the Phase 2 development, ensuring continued operational A production ramp-up at Simenggaris together with
reliability. At South Sumatra, we secured government the full year contribution of Oman Block 60 led to higher
approval for the gas allocation of a new GSA with PT yearly production from the non-operated assets. Total
Perusahaan Gas Negara (PGN), supporting long-term gas production from Indonesian non-operated assets reached
supply commitments. 21.64 mboepd, while Oman Block 60 contributed additional
12.6 mboepd. At Simenggaris, gas production averaged
At the Rimau Block, a firm working commitment adjustment 10.4 mmscfd gross, supporting supply commitments. At
was secured from the Government, allowing waterflood South Senoro was able to support DSLNG to achieve its
optimization programs to sustain production levels. LNG production which exceeded its production target,
Exploration activities also delivered significant progress, with delivering 39 cargoes versus a budget of 37. At South Senoro,
the West Kalabau-1 well confirming a hydrocarbon discovery development activities remained ahead of schedule, with
in early 2025. five development wells drilled.Exploration Activities
In line with MedcoEnergi’s long-term operational strategy, Exploration Activities
the Company continues to progress key PSC extension In October 2024, MedcoEnergi expanded its portfolio
applications for South Natuna Sea Block B, Madura Offshore with the award of the Amanah PSC, an onshore
and Block A Aceh, while the Sampang PSC and Bangkanai exploration block in South Sumatra, strategically located
PSC extension are now in the final stages of approval. near the Corridor Block and South Sumatra PSC, creating
opportunities for operational synergies. Amanah holds
Offshore Indonesia low-risk prospective resources with our 2025 activities
In 2024, MedcoEnergi achieved key milestones across its will be focused on environmental baseline analysis and
operated offshore assets, which remained a significant preparation for 3D seismic acquisition.
focus of capital spending. Production reached 18 mboepd,
supported by the start of gas deliveries under two new GSAs: In support of future resource monetization at the
from Madura Offshore and GSA-3 South Natuna Sea Block B. Corridor Block, 3D seismic acquisition commenced in
Rebonjaro and is expected to be completed in Sumpal
We completed the West Belut project at South Natuna Sea in Q2-2025.
Block B, where we successfully installed and commissioned
a solar-powered wellhead platform, adding 40 bbtud of International Assets
gas to GSA-3 Block B, by drilling and completing three In 2024, MedcoEnergi refocused its international portfolio,
development wells. Additional oil production from two streamlining operations through divestments of assets
Belida infill wells was brought onstream in Q4-2024, further in Vietnam and Libya, while driving progress across the
optimizing field recovery. four Oman assets. This approach allowed the Company to
optimize resources while maintaining a strong presence
At Forel, field development progressed with the deployment in key international markets.
of a new floating production, storage, and offloading
(FPSO) unit, which arrived at the wellhead platform on Development activities at Oman Block 60 continued,
4 December 2024. The project is targeted to enhance with 67 wells drilled in the Bisat and ABB fields, further
reservoir deliverability. At Terubuk, we successfully drilled enhancing production capacity. Additional projects in the
and completed three development wells, along with the block remain on schedule, with completion targeted for
installation of a 45 km pipeline and completion of the Q3-2025. At ABB North, production commenced from
platform with first production expected in Q2-2025. two new wells, with nine more wells planned for 2025,
supporting long-term field optimization.
Meanwhile, at the Madura Offshore PSC, offshore gas
production was further optimized following the completion Exploration efforts also delivered notable milestones.
of the Meliwis-3 infill well in Q3-2024, which delivered an At Block 48, a 3D wide-azimuth seismic acquisition and
initial production rate of 16 mmscfd. processing campaign was completed with interpretation
30 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Grissik Plant, Corridor Block, South Sumatra
ongoing to identify drilling prospects. There was an oil As part of its portfolio optimization strategy, MedcoEnergi
discovery at the Malih South exploration well in December divested Vietnam Block 12W in April 2024, streamlining
2024 in the Shuaiba formation. At Block 56, government its international asset base. In May 2024, the Company
approval for the field development plan was secured, with concluded arbitration in Libya, leading to the divestment
a declaration of commerciality, extending the exploration of its 50% participating interest in the Area 47 EPSA and
and production sharing agreement (EPSA) by 20 years. its 25% stake in Nafusah Oil Operations. Additionally, the
Company continues the process of relinquishing Mexico
Within Oman, MedcoEnergi also strengthened production exploration Blocks 10 and 12, which is expected to be
at Karim Small Fields (KSF) sustaining production from finalized in 2025.
across 30 fields. In 2024, the Company successfully
drilled 32 development wells and 2 exploration wells, ESG and Carbon Capture and Storage
implemented waterflooding across multiple reservoirs, MedcoEnergi remains committed to minimizing its
completed 10 hydraulic fracturing jobs, and further environmental footprint across all assets. In 2024,
progressed steamflood pilot projects. KSF also discovered we implemented 43 emission reduction projects,
a new field Al Rodha North and appraised Yasmeen North, including fuel gas optimization, flare minimization,
adding to the asset’s future production potential. and well cleanups. The total emission reduction was
181,727 tcO2e/year peak accompanied by a one time
In Thailand, MedcoEnergi maintained steady operations reduction of 53,713 tCO2e in 2024. CH4 emission reduced
at Bualuang, where four infill wells were drilled. These was 10.092 tCO2e/year peak and 4,422 tCO2e one time
activities, coupled with an active well workover program, reduction. For a detailed overview of our 2024 ESG
resulted in an average production rate of 4.8 mbopd. performance, please refer to Chapter 5.
Approval for a ten-year contract extension of the Bualuang
concession until 2035 was obtained in December 2024 As part of our climate strategy, we continue to advance
and is expected to be signed in 2025. Carbon Capture and Storage (CCS) initiatives, which play
a critical role in our long-term decarbonization efforts. Our
In Tanzania, progress on the LNG project negotiation CCS program progressed in 2024, with three key projects
is ongoing, with the Operator applying for contract identified in Indonesia:
extensions for Blocks 1 and 4 to support long-term • Sambar–Gelam CCS (Corridor PSC)–Sambar high
development plans. CO2 gas field development will use the depleted gas
PT Medco Energi Internasional Tbk 2024 Annual Report 31
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Oil & Gas
field repurposed for CO2 storage. In 2024, we signed 2025
an agreement with Repsol, operator of the adjacent Looking ahead to 2025, MedcoEnergi remains
Sakakemang PSC, to use Gelam field as a joint focused on safe, efficient, and reliable operations
CO2storage solution, optimizing costs and efficiency. while driving continuous improvements in
• Arung Nowera CCS (South Sumatra PSC) – Initially operational excellence and sustainability.
designated for MedcoEnergi’s own CO2 storage, with With a resilient strategy and a commitment to
ongoing subsurface and engineering evaluations. innovation, we are well-positioned to deliver
• South Natuna Sea Block B CCS Hub – A planned regional sustained growth and energy security in the
CCS hub, with a development plan in preparation. years ahead.
Net Oil & Gas Production (mboepd) 2020 2021 2022 2023 2024
Indonesian Assets
Corridor – – 70.2 74.4 58.0
Senoro-Toili 21.3 19.1 21.7 20.8 20.5
South Natuna Sea Block B 19.0 18.3 17.3 14.7 13.2
South Sumatra 8.8 8.9 9.3 9.4 10.3
Block A 5.5 7.1 8.4 6.8 6.8
Madura Offshore 5.7 5.6 4.3 3.3 3.2
Rimau 4.8 4.3 4.2 4.1 3.5
Bangkanai 2.8 2.9 2.8 2.4 2.3
Sampang 3.0 2.9 2.5 2.1 1.6
Lematang 2.8 2.7 2.1 4.1 2.7
Tarakan 1.3 1.4 1.3 1.0 1.1
Simenggaris 0.0 0.0 0.0 0.3 1.2
International Assets
Bualuang 9.9 7.2 5.6 4.8 4.8
Block 12W* 5.3 3.6 2.6 2.9 1.1
Sinphuhorm** 1.5 1.5 1.6 0.2 –
Block 9 Yemen 1.3 1.4 1.1 0.1 0.0
Oman Block 60 – – – 0.7 12.6
Oman Karim Small Fields 7.4 7.2 7.4 7.6 8.9
Total Oil & Gas Production 100.4 94.1 162.5 159.7 151.9
* Divested April 2024
** Divested February 2023
Net Oil Production (mbopd) 2020 2021 2022 2023 2024
Indonesian Assets
South Natuna Sea Block B 6.1 5.5 4.1 4.2 3.9
Rimau 4.3 3.9 3.8 3.7 3.1
Corridor – – 2.9 3.0 2.2
Senoro-Toili 2.3 2.1 2.3 2.2 2.2
32 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Net Oil Production (mbopd) 2020 2021 2022 2023 2024
South Sumatra 2.8 2.2 2.0 1.7 1.8
Block A 0.7 0.9 1.1 0.9 0.9
Tarakan 1.2 1.0 0.9 0.7 0.7
Bangkanai 0.3 0.3 0.3 0.3 0.3
Simenggaris 0.0 0.0 0.0 0.0 0.0
Sampang 0.1 0.1 0.1 0.0 0.0
International Assets
Bualuang 9.9 7.2 5.6 4.8 4.8
Block 12W* 4.2 2.8 2.0 2.2 0.8
Block 9 Yemen 1.0 1.2 0.9 0.0 0.0
Sinphuhorm** 0.0 0.0 0.0 0.0 –
Oman Block 60 – – – 0.6 11.6
Oman Karim Small Fields 7.4 7.2 7.4 7.6 8.9
Total Oil Production 40.4 34.4 33.5 32.1 41.3
* Divested April 2024
** Divested February 2023
Net Gas Production (mmscfd) 2020 2021 2022 2023 2024
Indonesian Assets
Corridor – – 374.3 397.4 311.4
Senoro-Toili 97.8 87.9 99.7 95.7 94.3
South Natuna Sea Block B 69.2 67.7 70.1 55.3 49.0
Block A 26.5 34.5 40.9 32.7 32.8
South Sumatra 31.1 34.4 37.9 39.6 44.6
Madura Offshore 32.3 31.7 24.3 19.0 18.5
Bangkanai 13.2 13.9 13.6 11.3 11.2
Sampang 15.9 15.2 13.2 10.9 8.3
Lematang 16.7 15.6 12.0 24.0 15.8
Rimau 2.8 2.3 2.4 2.5 2.5
Tarakan 0.8 2.3 2.1 1.8 2.1
Simenggaris 0.1 0.0 0.0 1.7 6.5
International Assets
Sinphuhorm** 9.0 8.6 9.2 1.3 –
Block 12W* 5.7 3.8 2.9 3.5 1.6
Block 9 Yemen 1.2 1.5 1.2 0.4 0.0
Bualuang 0.1 0.0 0.0 0.0 –
Oman Block 60 – – – 0.2 5.0
Total Gas Production 322.3 319.7 704.1 697.4 603.4
* Divested April 2024
** Divested February 2023
PT Medco Energi Internasional Tbk 2024 Annual Report 33
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Oil & Gas
Indonesian Oil & Gas Assets Corridor, South Sumatra
MedcoEnergi is the operator of and holds a 46%
South Natuna Sea Block B, Riau Islands interest in the onshore Corridor PSC, which runs until
MedcoEnergi is the operator of and holds a 40% interest December 2043. In 2024, Corridor PSC experienced a
in the South Natuna Sea Block B PSC. This consists of 15 zero TRIR and a direct operating efficiency of 98.2%,
offshore platforms, 3 producing subsea fields, a floating while producing hydrocarbons at one oil field and
storage and offloading unit (FSO) and one of the most seven gas fields.
sophisticated floating production, storage and offloading
(FPSO) units in the world, Belanak. Corridor is the third-largest gas producer in Indonesia,
with the gas sold under long-term contracts to high-
The Company completed the West Belut development, one quality buyers in Indonesia and Singapore. In 2024,
platform and three wells ahead of schedule in September Corridor’s gross average production was 126 mboepd
2024. The West Belut wellhead platform, fully operated by (gas 676.9 mmscfd and oil/condensate 4.7 mbopd) or
solar power, was brought onstream to provide an additional 58 mboepd (gas 311.4 mmscfd and oil/condensate 2.2
40 bbtud of gas. Additional oil production from two Belida mbopd) net.
infill wells was brought onstream in Q4-2024. Meanwhile, for
the Forel Project, the Marlin Natuna FPSO set sail in Q4-2024 Corridor PSC is currently executing various facility
and is on track to deliver first oil in Q2-2025. optimization and programs to protect the base
production and unlocking additional reserves.
In 2024, the average production from South Natuna Through Transasia Pipeline Company, MedcoEnergi
Sea Block B was 33 mboepd gross (oil 9.8 mbopd and also has a minority interest in Transportasi Gas
gas 122.6 mmscfd) and 13.2 mboepd net (oil 3.9 mbopd Indonesia, owner and operator of the gas pipeline
and gas 49 mmscfd). The Company has submitted to network that supplies customers in Central Sumatra,
the Government its request to extend the South Natuna Batam and Singapore. The Company is progressing
Sea Block B PSC, and the extension process is currently CCS studies at the Gelam field, which has suitable
ongoing. In the Natuna Sea, MedcoEnergi also holds reservoirs for CO 2 storage.
100% participating interest of the North Sokang PSC and
the Beluga PSC exploration blocks. South Sumatra Region, South Sumatra
The Company holds 65% interest in the South Sumatra
Madura Offshore & Sampang, East Java PSC, 60% interest in the Rimau PSC and 100% interest in
MedcoEnergi is the operator of and holds a 67.5% interest the Lematang PSC. In 2024, South Sumatra PSC produced
in the Madura Offshore PSC (and 77.5% of the PSC’s 15.9 mboepd gross (10.3 mboepd net), Rimau PSC achieved
Meliwis field). It is also the operator of and holds a 45% average production of 5.5 mboepd gross (3.5 mboepd
interest in the Sampang PSC. Both the Madura Offshore net) and Lematang PSC produced 2.7 mboepd. This is
and Sampang PSCs are located in the East Java Basin due primarily to the Company’s successful maintenance
in the Madura Strait. Madura Offshore consists of three and facility integrity and reliability programs to capture
producing gas fields, Maleo, Peluang and Meliwis, with increased opportunities in the South Sumatra gas market.
gross production in 2024 of 4.4 mboepd (24.8 mmscfd) In addition, the Company secured gas allocation approval
and net production of 3.2 mboepd (18.5 mmscfd). for a new GSA to Perusahaan Gas Negara from the South
Sumatra PSC.
Sampang PSC consists of two producing gas fields, Wortel
and Oyong, with 2024 gross production of 3.5 mboepd In May 2024, Lematang PSC strengthened its commitment
(condensate at 71 bcpd and gas 18.4 mmscfd) and net to support the Company’s sustainability goals by
production of 1.6 mboepd (condensate 32 bcpd and gas participating in the Power Conversion to PLN program,
8.3 mmscfd). The Company successfully brought onstream under which it transitioned Lematang’s primary power
infill development at Meliwis-3 at Madura Offshore in source from gas turbine generators to PLN electricity.
August 2024, increasing production by 16 mmscfd. In This reduced the Company’s fuel gas consumption
November 2024, the Company submitted a proposal to and greenhouse gas emissions. By implementing this
extend the Sampang PSC. It continues to develop the program, Lematang PSC acquired carbon offsets, namely
long-term Madura Offshore PSC strategy. Renewable Energy Certificates.
34 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
At Rimau PSC, the Company is continuing waterflood Bangkanai and West Bangkanai, Central Kalimantan
optimization projects. These will maintain base The Company owns and operates a 70% interest in the
production and further enhance production at the Bangkanai PSC and a 70% interest in the West Bangkanai
Kaji Semoga fields . In 2025, Rimau PSC made a PSC. The average 2024 production from Bangkanai PSC
hydrocarbon discovery at the West Kalabau-1 exploration was 3.4 mboepd gross (2.3 mboepd net). In February 2024,
well. Formation evaluation and initial analysis confirmed Bangkanai PSC transitioned the Kerendan Gas Processing
the presence of hydrocarbons, providing a strong basis Facility power supply from gas engine generators to PLN
for further development planning. electricity. This supports the Company’s sustainability goals
and contribution for a cleaner environment, reducing
Block A, Aceh fuel gas consumption and greenhouse gas emissions.
The Company is the operator of and holds an 85% interest By participating in this program, Bangkanai PSC also
in the Block A PSC, Aceh. In 2024, Block A PSC average acquired Renewable Energy Certificates. The Company
production was 8.0 mboepd gross (6.8 mboepd net). To also progressed the Bangkanai PSC Phase 2 development
maintain production and facility reliability, Block A PSC to increase production to 55 mmscfd. In 2024, SKK Migas
successfully completed a planned maintenance turnaround approved the Plan of Development and which is waiting
in June 2024. The Company also progressed Block A PSC Ministry approval. West Bangkanai remains an exploration
Phase 2 development to maintain gas supply under the block with no development at present.
existing gas contract.
Sulawesi Region
North Kalimantan Region The Company owns a 30% participating interest in Senoro-Toili
The Company owns and operates a 100% interest in PSC, which is operated by Joint Operating Body Pertamina -
the Tarakan PSC and a 62.5% participating interest in Medco E&P Tomori Sulawesi (JOB Tomori). JOB Tomori continued
Simenggaris PSC, which is operated by Joint Operating Body 68.2 mboepd gross (20.5 mboepd net) in 2024 to supply existing
Pertamina Medco E&P Simenggaris (JOB Simenggaris). gas buyers. In 2024, JOB Tomori started to develop South Senoro,
In 2024, Tarakan PSC produced an average 1.1 mboepd by and expects to bring the development project onstream target
executing several well works and optimization activities, by the end of 2025. JOB Tomori and its main gas buyer Donggi
while JOB Simenggaris produced an average 1.9 mboepd Senoro LNG completed a turnaround safely and to schedule in
gross (1.2 mboepd net). 2024.
Type of Area
Asset Expiry Participating Interests Status
Contract (Km2)
South Natuna Sea, • Medco E&P Natuna Ltd. 40% (operator)
Block B, PSC 11,155 2028 • PT Medco Daya Natuna 35% Production
Riau Islands • Prime Natuna Inc. 25%
• Medco E&P Grissik Ltd. 46% (operator)
Corridor, South
PSC 2,095 2043 • Repsol Corridor S.A. 24% Production
Sumatra
• PT Pertamina Hulu Energi Corridor 30%
• PT Medco E & P Tomori Sulawesi 30%
Senoro-Toili, Central
PSC JOB 451 2047 • PT Pertamina Hulu Energi Tomori Sulawesi 50% Production
Sulawesi
• Tomori E&P Ltd. 20%
• PT Medco E & P Malaka 85% (operator)
Block A, Aceh PSC 1,681 2031 Production
• PT Medco Daya Energi Nusantara 15%
South Sumatra, South • PT Medco E & P Indonesia 65% (operator)
PSC 4,470 2033 Production
Sumatra • PT Medco Daya Makmur 35%
• PT Medco E & P Rimau 60% (operator)
Rimau, South
PSC (gross split) 1,103 2043 • PT Bahtera Daya Makmur 35% Production
Sumatra
• PT Sumsel Energi Rimau 5 %
• PT Medco E & P Lematang 51% (operator)
Lematang, South Production
PSC 409 2027 • Medco Lematang BV 26%
Sumatra
• Lematang E&P Limited 23%
PT Medco Energi Internasional Tbk 2024 Annual Report 35
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Oil & Gas
Type of Area
Asset Expiry Participating Interests Status
Contract (Km2)
Peluang • Medco Energi Madura Offshore Pty Ltd 67.5%
and (operator)
Maleo • Petronas 22.5%
Madura
fields • Petrogas Pantai Madura 10%
Offshore, PSC 849 2027 Production
East Java
Meliwis • Medco Energi Madura Offshore Pty Ltd 77.5%
field (operator)
• Petronas 22.5%
• Medco Energi Sampang Pty Ltd. 45% (operator)
Sampang, East Java PSC 534 2027 • Singapore Petroleum Company 40% Production
• Cue Sampang Energy Pty Ltd. 15%
Tarakan, Kalimantan PSC (gross split) 180 2042 • PT Medco E & P Tarakan 100% Production
Bangkanai, • Medco Energi Bangkanai Ltd. 70% (operator)
PSC 1,385 2033 Production
Kalimantan • PT Saka Bangkanai Klemantan 30%
Simenggaris, • PT Medco E & P Simenggaris 62.5%
PSC JOB 546 2028 Production
Kalimantan • PT Pertamina Hulu Energi Simenggaris 37.5%
West Bangkanai, • Medco Energi West Bangkanai Ltd. 70% (operator)
PSC 5,463 2043 Exploration
Kalimantan • PT Saka Energi Bangkanai Barat 30%
North Sokang,
PSC 1,124 2040 PT Medco Energi Natuna Timur 100% Exploration
Riau Islands
Beluga, Riau Islands PSC 8,472 2053 PT Medco Energi Beluga 100% Exploration
• MedcoEnergi Amanah 40% (operator)
Amanah, South
PSC 1,753 2054 • PT Sele Raya Sejati (30%) Exploration
Sumatra
• KufpecIndonesia (Amanah) B.V. (30%)
International Oil & Gas Assets Block 9 Malik, Yemen
The Company holds a 21.25% non-operated interest
Bualuang, Thailand in Block 9, which contains four producing oil fields. In
MedcoEnergi holds a 100% ownership and operational 2024 all fields remained shut down due to the political
interest in the Bualuang field, located in the B8/38 situation, which prevented exports.
offshore block in the Gulf of Thailand. The field consists
of three platforms producing to a leased floating storage Karim Small Fields, Oman
and offloading (FSO) unit. In 2024, oil production averaged MedcoEnergi holds an effective 58.5% operating
4.8 mbopd, supported by an active workover program interest in the Karim Small Fields Service Contract.
using both a jack-up rig and a hydraulic workover unit. The Company is actively engaged in exploration and
Four infill drilling operations began in November 2023 development drilling, workover and thermal enhanced
and continued until February 2024. On 17 December oil recovery to maintain production across 30 fields.
2024, the Thailand Government approved the Bualuang In 2024, the Company successfully drilled 34 wells (32
Production Period Extension (PPE), extending the block’s development wells and 2 exploration wells), conducted
validity by 10 years, until 2035. waterflooding at several fields, completed 10 hydraulic
fracturing jobs and further advanced steamflood
Block 12W, Vietnam pilot projects. In 2024, following the 2023 discovery
The Company held a 31.875% non-operated interest in of the Yasmeen North field MedcoEnergi drilled two
Block 12W, located in the Nam Con Son Basin offshore exploration wells of Al Rodha North-1 and Hajal West-
Vietnam. The divestment of this asset was completed in 1in 2024. Al Rodha North-1 was a discovery well while
April 2024. Hajal West-1 under testing.
36 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
In 2024, oil production from Karim Small Fields averaged Block 48, Oman
15.2 mbopd gross (8.9 mbopd net), an increasing trend over As part of the Block 60 transaction, the Company also acquired
the past four years. The Company also achieved significant a 20% interest in Exploration Block 48. Located adjacent to
safety milestones, including five years of zero lost time and west of Block 60, the EPSA for Block 48 was signed in
injuries and 10 million safe man-hours in November 2024. March 2017. Currently, the EPSA is in the second phase of the
Additionally, MedcoEnergi was awarded first runner-up exploration period, which has been extended to the end of
by Petroleum Development Oman in its HSE Contractor 2025. This extension allows us to further explore the block’s
Award for Process Safety and Reliability in December potential through comprehensive 3D seismic acquisition as
2024. The Company has also successfully obtained ISO fulfilment of our commitment. A 3D wide-azimuth seismic
certifications 14001, 45001, 9001 and 37001. acquisition and processing has been completed, and
interpretation is ongoing to identify prospects in the area.
Block 56, Oman In December 2024, one exploration well (Malih South-1)
The Company maintains a 5% stake in Onshore Block was drilled, targeting the Shuaiba formation. The well
56. After discoveries were made in the block, Thetys, the encountered an encouraging hydrocarbon indication based
operator submitted a field development program to the on logs and confirmed by oil sample. The next appraisal well
Ministry of Energy and Minerals for approval and to secure will confirm the deliverability of this discovery. The result
the declaration of commerciality. On 19 November 2024, also indicates substantial potential for future development
the Ministry, through the Joint Management Committee, in Block 48, reinforcing our commitment to unlocking the
approved the field development program and the resources potential on the block.
declaration, which consequently extended the validity
of the exploration and production sharing agreement Blocks 10 & 12, Mexico
(EPSA) for an additional 20 years until 2045. The Company holds 20% non-operated interests in each
of the deepwater exploration blocks 10 and 12, located
Block 60, Oman in the Mexican Ridges and Sureste basins. Both blocks
In December 2023, MedcoEnergi acquired a 20% are in the process of relinquishment. The Company
interest in Block 60, situated in western Oman near the expect to complete the process in 2025.
Saudi Arabian border. The EPSA is for 30 years ending in
2048, with an option for a 10-year extension. Block 60, a Area 47, Libya
producing asset, includes the Bisat (oil) and Abu Butabul The Company held a 50% operating interest in the
(gas and condensate) fields. exploration site Area 47 and a 25% interest in the joint
operating company Nafusah Oil Operations (NOO),
In 2024, Block 60 achieved an average production of which operates the commercialized discoveries in Area
62.8 mboepd gross (12.6 mboepd net). During the year, 47. The Company was in dispute with Libya National Oil
67 wells were drilled in the Bisat and ABB fields for Corporation and initiated arbitration proceedings early in
development, appraisal and exploration. Key projects 2022. Settlement was reached by the sale of MedcoEnergi’s
are progressing well and will be completed in Q3-2025. share in Area 47 on May 24, 2024. This ended MedcoEnergi’s
These include the Bisat-C expansion to increase the participation in the block and also its operations in Libya.
water and oil handling capacity and the Bisat permanent
power supply. Blocks 1 and 4, Tanzania
The Company holds 20% non-operated interests in
At ABB North, two wells began production in 2024, each of blocks 1 and 4, offshore Tanzania. The blocks
with nine additional wells to be drilled and brought contain ten deepwater gas discoveries with certified
into production in 2025. To sustain and optimize (2C) contingent resources of 15 tcf (gross). Negotiations
production performance, several initiatives are in place, with the Government of Tanzania is progressing to
including reactivating the temporary water handling create a pathway for an investable and competitive
unit, optimizing the surface facility network, prioritizing LNG project. The exploration contracts for blocks 1 and 4
infill drilling, conducting water shutoff trials, applying expired in December 2024. The operator has applied for
fishbone technology and implementing a refracturing extensions, and these are in the process of being finalized
program. by the government.
PT Medco Energi Internasional Tbk 2024 Annual Report 37
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Oil & Gas
Type of Area
Asset Expiry Participating Interests Status
Contract (Km2)
Bualuang B8/38 • Medco Energi Thailand (Bualuang) Limited 60%
Concession 377 2025 Production
Block, Thailand* • Medco Energi Thailand (E&P) Limited 40%
• Premier Oil Vietnam Offshore B.V. (operator) 28.125%
• Premier Oil (Vietnam) Ltd. 25%
Block 12W,
PSC 1,395 2030 • PetroVietnam Exploration Production Corporation Production
Vietnam**
Ltd. 15%
• MedcoEnergi 31.875%
• Medco Oman LLC (operator) 75%
• Oman Oil Company 25%
Karim Small Service Medco Oman LLC shareholders:
907 2040 Production
Fields, Oman agreement • Medco International Enterprise Ltd. 78%
• Eng. Abdul Rahman Barham 10%
• Vision Oil & Gas 6.67%
• Petrovest General Trade 5.33%
• Medco Arabia Ltd. 5%
• Biyaq Oilfield Services LLC 25%
Block 56, Oman EPSA 5,808 2045 Exploration
• Tethys Oil Oman Onshore Ltd. (operator) 65%
• Intaj LLC 5%
• OQ Exploration & Production 60% (operator)
Block 60, Oman EPSA 1,485 2048 • Medco Daya Oman Block 60 Pte Ltd. 20% Production
• Medco Energi Oman Block 60 Pte Ltd. 20%
• OQ Exploration & Production 60% (operator)
Block 48, Oman EPSA 2,995 2048 • Medco Daya Oman Block 48 Pte Ltd. 20% Exploration
• Medco Energi Oman Block 48 Pte Ltd. 20%
• Calvalley Petroleum Ltd. 42.5%
Block 9 Malik, • Hood Oil Ltd. 21.25%
PSA 4,728 2030 Production
Yemen • Yemen Oil and Gas Corporation 15%
• Medco Yemen Malik, Ltd. 21.25%
38 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Type of Area
Asset Expiry Participating Interests Status
Contract (Km2)
• Repsol (operator) 40%
Block 10, Mexico PSC 1,999 2023 • Petronas 40% Exploration
• MedcoEnergi 20%
• Petronas (operator) 60%
Block 12, Mexico PSC 3,099 2023 • PTTEP 20% Exploration
• MedcoEnergi 20%
Exploration stage participating interest:
5-year • Medco International Ventures Ltd. (operator) 50%
exploration • Libya Investment Authority 50%
period and 25- Exploration
Area 47, Libya*** EPSA IV 6,182 year production Development stage participating interest: and
period • Nafusah Oil Operation (operator) development
following • National Oil Corporation 50%
exploration • MedcoEnergi 25%
• Libya Investment Authority 25%
8,512 • Shell (operator) 60%
Blocks 1 and 4,
PSA and 2024 • Pavilion Energy 20% Development
Tanzania****
3,784 • MedcoEnergi 20%
* A ten-year contract extension extending the Bualuang concession until 2035 was obtained in December 2024 and is currently being finalized with the
Ministry of Energy of Thailand.
** Divested April 2024
*** Divested May 2024
**** We received formal notification that the Ministry of Energy of Tanzania plans to grant a new exploration license for Block 1 an exploration license extension
for Block 4, which is currently in progress.
Rimau Block, South Sumatra
PT Medco Energi Internasional Tbk 2024 Annual Report 39
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Power
“Accelerating
Energy Transition
“
Eka Satria
President Director
PT Medco Power Indonesia
40 PT Medco Energi Internasional Tbk 2024 Annual Report
Page 43
ENERGY FOR GROWTH
Over the past 20 years, Medco Power Indonesia (Medco meeting our target of 4,100 GWh and made excellent
Power) has grown into a key player in the Indonesian progress on our key projects.
power sector, supporting MedcoEnergi’s 45-year journey
from an entrepreneurial drilling services company to a Medco Power achieved 90% progress on the 39 MW Energi
regional energy leader operating in Oil & Gas, Power and Listrik Batam Expansion project, which will convert waste
Copper & Gold Mining sectors. Today, Medco Power owns heat to energy. The project remains on track for commercial
and operates 16 gas, solar PV, geothermal, and mini-hydro operation in Q3-2025.
IPPs (both operating and under construction) and provides
Operation & Maintenance (O&M) services for its own and Also, in October 2024, our consortium received a conditional
third-party power plants across Bali, Batam, Java, Sumatra, import license from the Energy Market Authority (EMA) of
Sumbawa, Timor, and Sulawesi. Singapore for the Bulan Solar PV project. This marked the
project’s transition from preliminary evaluation to feasibility
Medco Power is committed to advancing clean and assessment, including specific feasibility studies, ground
renewable energy and plays a leading role in Indonesia’s and marine surveys, and regulatory compliance evaluations.
energy transition towards net-zero emissions. This Operations are targeted to commence in 2029. The Bulan
commitment is underpinned by a strong focus on safety and Solar PV project will be one of the largest solar developments
operational excellence. In 2024, the company achieved key in Southeast Asia.
project milestones and maintained a strong safety record.
Total Power sales reached 4,108 GWh, with 20% derived from In addition to Bulan project, Medco Power advanced
renewables—up from 19% in 2023. the East Bali Solar PV project, a 25 MWp plant that will
reach commercial operation in Q2-2025.
Safety-First Mindset
The health and safety of our employees, contractors, vendors In 2024 we made considerable progress in the geothermal area:
and local communities remain a top priority. In 2024, we - Ijen Phase 1, East Java: Medco Power completed the
recorded zero lost time incidents and occupational illnesses, mechanical completion of the 35 MW Ijen Phase
maintained a Level three (independent) safety culture maturity 1 project in December 2024, with commercial
and achieved 49.7 million cumulative safe working hours. operations commencing in February 2025. Additional
up to 20 MW will be developed in Phase 2.
The Company maintained its SMK3 certification covering - Bonjol, West Sumatra: We progressed the Bonjol
five assets, along with ISO 45001 for occupational health Geothermal exploration program by advancing land
and safety and ISO 9001 for Quality Management System. acquisition and site preparations, and began drilling
These certifications underpin our integrated Health, Safety two exploration wells for a potential 60 MW plant.
and Environment (HSE) Management System. In addition, - Samosir in North Sumatra: The Samosir project was
a Security Management System was implemented to granted a preliminary survey and exploration license
strengthen risk assessments and preparedness for potential for a planned 40 MW plant.
security threats. These projects aim to expand Medco Power’s geothermal
gross capacity from 330 MW to over 500 MW by 2031.
Achievements and Operational Highlights
In 2024, Medco Power’s operational performance was To further support our drive towards renewable energy,
affected by maintenance shutdowns Riau and DEB Batam Medco Power is studying potential wind opportunities in
IPPs, however, we still recorded power sales of 4,108 GWh, West Sumbawa for captive market and PLN.
Mitra Energi Batam, Riau Islands
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Power
In the O&M segment, Medco Power secured the O&M continued to issue Renewable Energy Certificates (RECs) to
contract for Ijen Phase 1, in which the Company holds a both internal and external stakeholders.
51% interest, and extended the O&M contract for Sarulla
Geothermal—where it has a 19% stake—through to 2030. The Following the implementation of our Human Rights Policy
Company also achieved commercial operation for Timor in late 2023, we retrained our security personnel on voluntary
Project Unit 2 in September 2024, with Unit 1 reaching principles, protocols, and procedures. We also enhanced
commercial operation in Q2-2025. While for Sulut-1 project our Stakeholder Engagement Plan and Grievance Mechanism,
reached commercial operation in Q1-2025 and Sulut-2 target to enable more effective engagement and community
commercial operation by Q2-2025. dialogue in address stakeholder concerns. To support local
communities, our employees conducted several knowledge-
Environment and Society sharing sessions in local schools, built clean water facilities, and
At Medco Power, we prioritize environmental sustainability supported a stunting prevention program. We also contributed
and social responsibility as integral parts of our commitment to local economic development through local hiring and
to sustainable business practices. We implement robust engaging local contractors and vendors where possible.
waste control and responsible water management, while
minimizing the risk of environmental pollution. We comply Looking Ahead
with applicable laws, regulations, and industry standards In 2024, Medco Power recorded EBITDA of US$45 million
on water and air quality, effluents, and waste. In 2024, we and US$17 million negative net income due to prolonged
maintained our ISO 14001 certification for environmental maintenance shutdowns at the Riau and DEB Batam IPPs, and
management, which also guides our integrated HSE mini-hydro assets impairments. However, the year ended in a
Management System. positive note with the mechanical completion of the Ijen Phase
I facility. The new Bali Solar PV and Ijen Geothermal assets will
We continued building internal awareness and capabilities by both contribute in 2025 and will add scale to the business. The
appointing selected employees as GAIA (Green Ambassador Company has initiated a range of activities to strengthen asset
for Inclusive Climate Action) Champions, equipping them reliability and improve cost efficiency across its portfolio.
with sustainability and climate change training to help
promote these issues across the organization. We also shared The Company will further expand its renewable energy
insights on sustainability strategy and initiative in Indonesia portfolio, with a focus on geothermal and solar PV, while
Sustainability Forum, a national platform forum to foster leveraging technologies such as energy storage and
collaboration and best practice to accelerate decarbonization. digitalization to enhance operational performance. We will
At our Jakarta headquarters, we upgraded electric vehicle also continue to work on gas to power initiatives supporting
infrastructure by installing fast-charging systems and energy transition.
Power Generated Sales (GWh)
Plant Location Fuel-Type 2020 2021 2022 2023 2024
Gas-fired IPPs
Mitra Energi Batam Riau Islands Gas 539 553 551 565 574
Dalle Energy Batam Riau Islands Gas 625 629 634 579 617
Energi Listrik Batam Riau Islands Gas 521 521 521 521 523
Energi Prima Elektrika South Gas 67 71 73 69 72
Sumatra
Multidaya Prima Elektrindo South Gas 69 74 74 75 75
Sumatra
Medco Ratch Power Riau Riau Gas - - 1,285 1,544 1,418
Total Gas-fired IPPs 1,821 1,848 3,138 3,354 3,277
Renewable IPPs
Pusaka West Java Mini-hydro 39 41 42 38 44
Cibalapulang West Java Mini-hydro 34 38 33 21 31
Sumbawa West Nusa Solar PV - - 23 40 42
Tenggara
Sarulla North Geothermal 744 791 757 702 715
Sumatra
Total Renewable IPPs 817 870 855 801 831
Total Power Generated Sales (GWh) 2,638 2,718 3,993 4,155 4,108
42 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
We will also pursue strategic acquisitions, joint ventures, highest safety standards, delivering project
and partnerships to increase capacity and access advanced milestones, and achieving operational and cost
technologies. In 2025, we remain committed to maintaining the efficiencies.
Power Capacity (MW)
Power Plants Effective Ownership Gross Capacity (MW)
Independent Power Producers (IPPs)
Installed
Mitra Energi Batam 42% 85
Dalle Energy Batam 48% 85
Energi Listrik Batam 43% 76
Singa 100% 7
Energi Prima Elektrika 56% 12
Multidaya Prima Elektrindo 51% 12
Medco Ratch Power Riau 51% 275
Pusaka, Mini-hydro 100% 9
Cibalapulang, Mini-hydro 70% 9
Sarulla, Geothermal 19% 330
Sumbawa, Solar PV* 50% 26
Subtotal 926
Development
West Bali, Solar PV* 51% 25
East Bali, Solar PV* 51% 25
Ijen, Geothermal 51% 110
Energi Listrik Batam Expansion 43% 39
Subtotal 199
Exploration
Bonjol PSPE, Geothermal 100% 60
Samosir PSPE, Geothermal 100% 40
Subtotal 100
Total IPPs 1.225
Operation & Maintenance
Installed
Tanjung Jati B 50% 1.320
Sarulla, Geothermal 62% 330
Riau 62% 275
Timor-1 Unit 2 60% 50
Subtotal 1.975
Development
Sulut-1 Unit 1 & 2 60% 100
Timor-1 Unit 1 60% 50
Ijen, Geothermal 51% 110
Subtotal 260
Total Operation & Maintenance 2.235
Total Gross Capacity 3.460
*Peak gross capacity of solar facilities
East Bali PV, Bali
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Copper &
Gold Mining
“ AMNT: A fully
integrated copper
& gold producer–
from mining to
“
smelting
Rachmat Makkasau
President Director
PT Amman Mineral Nusa Tenggara
44 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
PT Amman Mineral Nusa Tenggara (AMNT), a subsidiary to stakeholders who have significantly contributed
of the publicly listed PT Amman Mineral Internasional to Indonesia’s energy and mineral resources sector,
Tbk (IDX: AMMN), is a leading Copper & Gold producer recognized AMNT for “Most Innovative Community
operating the Batu Hijau mine in West Sumbawa Regency, Development and Empowerment in the Mineral
West Nusa Tenggara Province. This open-pit mine, which Sector” through its Mantar Berseri–Cultural Weaving
began commercial operations in 2000, produces high- Development Program.
grade, clean copper concentrate containing gold and
silver. According to Wood Mackenzie’s Copper & Gold AMNT received the highest award, the Good Mining
Markets and Asset Benchmarking Report of May 2022, Practices Trophy for Best Technical Mining Management.
Batu Hijau is the second-largest copper–gold mine in In addition, the company earned three other awards: the
Indonesia. Aditama Award for Technical Management of Mineral
Mining, the Utama Award for Mineral Conservation
AMNT operates under an IUPK-OP, a special mining Management, and the Utama Award for Environmental
business license for production and operations, with a Management in Mineral Mining. These accomplishments
concession area spanning 25,000 hectares, divided into build on AMNT’s success in 2023, when the company
four blocks. The current IUPK-OP is valid until 2030, with won three awards at the Good Mining Practices Award.
the possibility of two 10-year extensions.
In July 2024, AMNT received The Copper Mark for its Batu
Following the inauguration of its copper smelter and Hijau mine. The Copper Mark is a globally recognized
precious metal refinery by President Joko Widodo in accreditation for responsible copper production
September 2024, AMNT has solidified its position as one practices. AMNT met criteria spanning ESG management
of Indonesia’s fully integrated Copper & Gold producers. areas. This recognition affirms that responsible practices
This investment reinforces the Company’s leadership in are not just part of AMNT’s operations but a fundamental
advancing Indonesia’s industrial transformation. aspect of its corporate identity.
In 2024, AMNT achieved exceptional results in productivity Elang Project
and production, driven by the high-grade ore from Phase AMNT continues to advance Copper & Gold exploration
7. The Company exceeded its updated FY2024 production within its concession area, with a primary focus on
guidance, achieving 395 million pounds of copper, Elang—one of the world’s largest undeveloped copper–
803 kilo ounces of gold and 1,925 kilo ounces of silver. gold porphyry deposits. Located approximately 60 km
AMNT also set another record in mining productivity, east of the Batu Hijau mine and 12 km north of the south
increasing total materials mined by 2%–the highest coast of Sumbawa Island, Elang represents a significant
volume of ex-pit materials moved since Batu Hijau growth opportunity.
commenced operations in 2000.
In 2020, our exploration team discovered a second,
AMNT’s achievements were recognized by Indonesia’s deeper porphyry known as Elang South, situated
Ministry of Energy and Mineral Resources with the immediately southwest of the main Elang orebody.
prestigious Subroto Award. This honour, presented Subsequent core drilling from 2020 to 2024, combined
Benete Port, Sumbawa, West Nusa Tenggara
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Copper &
Gold Mining
with higher metal prices and engineering studies, the mechanical completion of the smelter. Despite a
indicates that the open pit at Elang will be significantly condensed construction timeline, the project adhered
larger than originally designed. Compared to last year’s to stringent safety-first principles. By December 2024,
JORC report, the Elang ore reserves have increased the smelter’s primary equipment was successfully
significantly, with a 79% increase from 1.4 billion metric commissioned, and AMNT began producing its first
tonnes to 2.5 billion metric tonnes. This growth includes copper cathode in March 2025.
a 71% rise in contained copper, from 10.4 billion pounds to
17.8 billion pounds, and a 76% increase in contained Expansion Projects
gold, from 15 million ounces to 26.4 million ounces. In addition to the Smelter Projects, AMNT is expanding
A definitive feasibility study for Elang began in 2023 its Processing Plant to increase its input capacity
and is expected to be completed by the first half to approximately 85 million tonnes of ore per year
of 2025. – more than doubling the current input capacity of
35 – 40 million tonnes per year. This expansion will enable
Smelter and Precious Metals Refinery AMNT to process ore from Batu Hijau’s Phase 8 and the
In compliance with Indonesia’s Coal and Mineral future Elang mine, ensuring the company meets growing
Law No. 3/2020, which mandates mining companies market demand. The Processing Plant Expansion Project
to develop smelter facilities to enhance the value began in 2021, with mechanical completion anticipated
of mineral commodities, PT Amman Mineral by Q4-2025.
Industri (AMIN), a subsidiary of PT Amman Mineral
Internasional Tbk, has constructed a copper smelter Simultaneously, AMNT has initiated construction of a
on a 150-hectare site, 1.5 km from West Sumbawa’s 450 MW Combined-Cycle Power Plant, along with the
Benete Bay port. supporting LNG terminal and regasification facility at
Benete Bay. The Batu Hijau mine is currently supplied by
The smelter has an annual processing capacity of a 112 MW coal-fired power plant, a 45 MW diesel power
900,000 tonnes of copper concentrate sourced from plant, and a 26.8 MWp solar PV plant.
the Batu Hijau mine and the future Elang mine. It is
designed to produce up to 222 kilotonnes per year Construction of the CCPP began in Q1- 2023 and operation
of Grade A LME copper cathodes and 830 kilotonnes of the new facilities will be conducted in stages, starting
per year of sulfuric acid. Additionally, its precious in 2024 with full completion anticipated in 2025. This new
metals refinery will yield 579 kilo ounces of gold bars, power plant will supply electricity to the Smelter Projects,
1.8 million ounces of silver bars, and other by-products. the Processing Plant Expansion Project, and the future
A major milestone was achieved in May 2024 with Elang project.
AMNT Smelter, Sumbawa, West Nusa Tenggara
46 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Revegetation at Batu Hijau, Sumbawa, West Nusa Tenggara
PT Medco Energi Internasional Tbk 2024 Annual Report 47
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Other Businesses
The Energy Building, Jakarta, Indonesia
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ENERGY FOR GROWTH
PT Api Metra Graha
The Company owns a 49% interest in PT Api Metra
Graha (AMG). AMG holds several assets, including The
Energy Building, a 43-storey office tower located in
Jakarta’s central business district. Built in 2006 and in
operation since 2008, this premium grade A building
is MedcoEnergi’s headquarters.
PT Exspan Petrogas Intranusa
PT Exspan Petrogas Intranusa is a wholly owned
subsidiary, which operates one drilling rig and three
workover rigs, all in active operation.
PT Mitra Energi Gas Sumatera
PT Mitra Energi Gas Sumatera is a wholly owned
subsidiary that owns and operates a 17.5 Km pipeline
located in Gunung Megang, Muara Enim, South
Sumatra.
PT Satria Raksa Buminusa
PT Satria Raksa Buminusa is a wholly owned subsidiary
providing security services to MedcoEnergi and several
third-party companies in Indonesia.
PT Donggi-Senoro LNG (DSLNG)
The Company owns an 11.1% interest in DSLNG, a joint
venture company established in 2007 by a consortium
consisting of MedcoEnergi, Mitsubishi Corporation,
KOGAS, and Pertamina. DSLNG has a capacity of
2.1 million tonnes per year.
Transasia Pipeline Pvt. Ltd
The Company owns a 85% interest in Transasia, which
owns 40% of PT Transportasi Gas Indonesia (TGI). TGI
operates more than 1,000 Km of the gas pipeline (both
onshore and offshore) connecting Grissik in the Corridor
PSC to Duri, Sumatra, and the Singapore market.
Medco Foundation
Medco Foundation, a nonprofit organization established
in 2007, is committed to improving the quality of life for
communities both in areas surrounding our operations
and in other parts of the country where assistance is most
needed. In 2024, Medco Foundation implemented a
number of strategic programs, including public awareness
campaigns on the dangers of tuberculosis, blood
donations, construction of houses for underprivileged
communities in Mauk, Tangerang, and programs to
strengthen education, literacy, and capacity building in
MedcoEnergi’s operating areas. Medco Foundation also
provided support for the implementation of climate
change action programs run by MedcoEnergi.
PT Medco Energi Internasional Tbk 2024 Annual Report 49
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Company Profile 52 Company History 54 MedcoEnergi in Brief 56 Management 60 People and Organization 68 Financial Highlights 69 Operational Highlights 70 Share Performance 71 Shareholder Composition 72 Outstanding Securities 78 Corporate Data 79 Company Offices and Supporting Institutions
Page 53
04 Forel Platform, South Natuna Sea Block B, Riau Islands
Page 54
2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Company
History
1980 2006 2016
Leading the Way Going West Expansion
Arifin Panigoro Ventured into the Acquired interests in the
established the first Middle East with South Natuna Sea Block
Indonesian drilling service contract to B PSC, and The Amman
contractor on 9 June operate the Karim Mineral Nusa Tenggara,
1980, PT Meta Epsi Small Fields in Oman. a Copper & Gold mining
Pribumi Drilling company.
Company.
2010
1992 New Gas 2018
Paving the Ground Production Sustainable Growth
PT Meta Epsi Pribumi 20-year extensions of Commissioned the gas
Drilling Company the Block A PSC in facilities of Block A, Aceh.
became an E&P Aceh and the South Issued a Global Reporting
company with Sumatra PSC. Initiatives (GRI) compliant
operations in East Sustainability Report
Kalimantan. and set 2018 – 2023
Sustainability Goals.
1994 2013
Going Public Renewable Energy 2019
A Leader in Southeast
PT Meta Epsi Pribumi Signed the world’s
Drilling Company largest single- Asia
became PT Medco contract geothermal Acquisition of Ophir
Energi Corporation power project Energy plc to become a
and conducted its IPO in Sarulla, North leading energy and natural
at the Indonesia Stock Sumatra. resources company in
Exchange (IDX). Southeast Asia.
1995 2020
First Expansion 2015
Upstream- Weathering the Storm
Expanded through Downstream LNG Celebrated its 40th anniversary,
international and
domestic asset
Operations weathered the challenges
posed by the COVID-19
acquisitions, began to Built the first
pandemic and the collapsed of
operate the Rimau PSC Indonesian LNG project
oil prices and energy demand.
and the South Sumatra separating upstream
PSC. and downstream
businesses, located in
Central Sulawesi.
1996
Giant Discovery
Discovered the
giant fields of Kaji
and Semoga in the
Rimau Block.
52 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
2021 2023
2024
Energy for Growth
Building Our Expanding Our
Future Horizons We strengthened our position
as a leading energy and
Granted extension We strengthened our natural resources company
to manage Senoro- global position through across Southeast Asia and
Toili PSC and signed the Oman acquisition and the Middle East through new
SPA to acquire Corridor PSC extension. Oil & Gas projects, renewable
ConocoPhillips asset We advanced our energy energy growth, and the
in Sumatra (Corridor transition through the Ijen inauguration of Amman
PSC). geothermal and solar PV Mineral’s copper smelter.
projects, while Amman Our enhanced ESG ratings
Mineral’s successful underscore our dedication
IPO further enhanced to sustainability, safety, and
shareholder value and operational excellence.
2022 growth opportunities. Committed on responsible
Reaching New growth, we continue
Heights to elevate our financial
performance, champion the
With the successful
energy transition, and foster
acquisition of Corridor,
innovation for a sustainable
and several projects
future.
placed into service,
we have reached
a new and higher
production level. We
received several higher
rating upgrades as a
testament to our ESG
commitment.
Kerisi Platform, South Natuna Sea Block B, Riau Islands
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
MedcoEnergi
in Brief
MedcoEnergi is a leading Southeast Asian energy and
natural resources company listed on the Indonesia Stock
Exchange (MEDC-IDX), focused on three key business
sectors – Oil & Gas, Clean Power and Copper & Gold Mining.
MedcoEnergi produces oil and gas primarily in Indonesia
as well as in Oman, Thailand and Yemen. The Group owns
and operates gas, solar photovoltaic (PV), geothermal and
mini-hydro power plants in Indonesia through Medco Power
Indonesia. It also owns a 20.9% non-consolidated interest in
Amman Mineral Internasional (AMMN-IDX), a publicly listed
Indonesian Copper & Gold mining company.
MedcoEnergi has interests in 16 oil and gas properties
in Indonesia, 12 of which are producing. Internationally
the Company has interests in 10 oil and gas properties, Block A, Aceh
with 4 currently in production, along with exploration
assets in Oman and development assets in Tanzania. In Amman Mineral Internasional (AMMN) a world-class
2024, MedcoEnergi’s average oil and gas production was Indonesian copper & gold mining company, debuted on
152 mboepd, comprising 73% gas and 27% liquids. the Indonesia Stock Exchange in July 2023. In September
2024, AMMN’s subsidiary PT Amman Mineral Nusa Tenggara
Key projects contributing to the success in 2024 included inaugurated a new copper concentrate smelter. The smelter
the completion of the West Belut Project in South Natuna has an annual processing capacity of 900,000 tonnes of
Sea Block B, drilling, well intervention and debottlenecking copper concentrate sourced from the Batu Hijau mine
programs in Corridor, Senoro, Madura Offshore, Bualuang, and the future Elang mine. It is designed to produce up to
as well as the full-year contribution from the successful 222 kilotonnes per year of Grade A LME copper cathodes and
acquisition in Oman. Unit costs were US$ 8.2 per boe, within 830 kilotonnes per year of sulfuric acid.
the Company’s long-term sub US$10 per boe commitment.
Additionally, its precious metals refinery will yield 579 kilo
In 2024, MedcoEnergi divested two assets: the Company ounces of gold bars, 1.8 million ounces of silver bars, and
sold its holding in Contract Area 47, Libya to the National Oil other by-products. The smelter’s primary equipment was
Corporation of Libya (NOC), and its stake in Ophir Vietnam successfully commissioned in December 2024, production of
Block 12W to Bitexco Energy Company Ltd. Additionally, first cathode copper in March 2025. AMMN also owns Elang,
MedcoEnergi also continued the relinquishment process of one of the world’s largest undeveloped copper–gold porphyry
two deepwater exploration licenses in Mexico, Blocks 10 and deposits.
12, expected to be completed in 2025.
MedcoEnergi prioritizes the health and safety of its
MedcoEnergi is a leading operator of clean and renewable workers, implements a clear sustainability strategy,
energy in Indonesia through its subsidiary Medco Power maintains a strong record in ESG performance.
Indonesia. Medco Power owns and operates 16 gas, solar PV,
geothermal, and mini-hydro IPPs (both operating and under MedcoEnergi ranks in the top quartile among its oil and
construction) and provides Operation & Maintenance services gas sector peers. The Company holds a 29.1 (medium
for its own and third-party power plants across Bali, Batam, risk) rating from Sustainalytics, B from CDP and AA from
Java, Sumatra, Sumbawa, Timor, and Sulawesi. MSCI. MedcoEnergi remains on track to achieve its goals
of reaching net zero greenhouse gas (GHG) emissions for
In 2024, Power sales were 4,108 GWh in 2024, with 20% from Scope 1 and Scope 2 by 2050 and Scope 3 by 2060. The
renewable sources and 80% from gas-fired facilities. The Ijen Company is also investing in energy transition capabilities
Geothermal project has reached mechanical completion through development of its diverse workforce.
in December 2024 and began commercial operations in
February 2025. The 25 MWp East Bali Solar PV and the 39 MedcoEnergi is delivering strong financial performance. The
MW Energi Listrik Batam (ELB) Expansion projects are also on Company’s healthy shareholder returns reflect its financial
track for commercial operation in 2025. discipline and profitability improvements. In 2024, Fitch and
S&P Global upgraded the Company’s credit rating to BB-
In 2024, Medco Power and its partners were awarded a from B+, Moody’s improved the Company’s outlook from
conditional import license by the Energy Market Authority of stable to positive, while Pefindo reaffirmed its idAA- stance.
Singapore for 600 MW of solar power to Singapore via the
Bulan Solar PV project. The Bulan Solar PV project will be one of In 2024, MedcoEnergi paid a final dividend of US$45 million
the largest solar power projects in Southeast Asia and will also and an interim 2024 dividend of US$25 million. The Company
lead to increased Indonesian capacity for PV manufacturing will finalize a second 2024 dividend at the Annual General
and deployment, as well as energy storage systems. Meeting of Shareholders (AGMS) in 2025.
54 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
To be the Energy Company of Choice
for investors, shareholders, partners,
employees, and communities where
we operate.
VISION
MISSION
To build long-term value with a
portfolio of sustainable energy and
natural resources businesses.
CORPORATE VALUES
Professional Ethical Open Innovative
All employees must All employees must All employees must All employees must
conduct themselves in a conduct themselves in make efforts to promote cultivate a spirit of
professional manner by: an ethical manner by: transparency by: innovation by:
• Being competent in • Conducting business • Encouraging • Building a culture of
their area of expertise. fairly with high moral informality and trailblazers.
• Having a “champion integrity. openness in • Continuously
spirit”. • Applying the highest communication at all searching for
• Always seeking self- ethical standards at all levels. innovative solutions to
improvement. times. • Building an achieve better, safer
• Having professional • Understanding environment of trust and cost-effective
capabilities and and following the among employees outcomes.
knowing their own Company’s ethics and management. • Having intellectual
limits. and Good Corporate • Being open-minded and emotional
Governance policies. in thought, behavior, maturity.
and work.
PT Medco Energi Internasional Tbk 2024 Annual Report 55
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2024 Management Business Company Sustainability Corporate Governance Attachments Performance Discussion and Analysis Activities Profile Advisor Board of Alwi Shihab Yani Y. Panigoro Advisor President Commissioner Former Minister of Foreign Affairs for the Indonesian citizen, born in Bandung on 18 Republic of Indonesia (President Abdurrahman June 1951; a Bachelor in Electrical Engineering Wahid), Coordinating Minister of People’s from ITB, Indonesia (1975) and a Master in Welfare (President Susilo Bambang Yudhoyono) Management from Sekolah Tinggi Manajemen– and Indonesian President’s Special Envoy for the Bandung, Indonesia (1997); appointed as Middle East for the OIC (President Joko Widodo), President Commissioner on 12 October 2020; Shihab earned a Bachelor of Arts degree also serves as member of the Nomination and Master of Arts degree from the Al-Azhar & Remuneration Committee, the Chair of University, Egypt in 1966 and 1968, respectively. Sustainability & Risk Management Committee He received a Doctor of Philosophy degree from and the GCG Committee, as Commissioner of the University Ain Shams, Egypt in 1990, then PT Medco Duta and PT Medco Intidinamika, received a Master of Arts degree from Temple and as Chairperson of the Indonesian University, US in 1991, followed by a Doctor of Tuberculosis Association (PPTI). Philosophy degree from Temple University, US in 1995. Post Graduate Harvard University US in 1996. He taught Islamic Sciences at Harvard Divinity School USA 1997-1998. He joined the Company as an advisor in March 2007 with the main role of providing advice in penetrating the international oil & gas market. 56 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Commissioners
Yaser R. A. Panigoro Marsillam Simandjuntak
Commissioner Independent Commissioner
Indonesian citizen, born in Bandung on 22 July Indonesian citizen, born in Yogyakarta on
1978; Received Master of Business Administration 23 February 1943; received a medical degree
from Loyola Marymount University, USA, in from Universitas Indonesia (1971) and a law
2012 and a Bachelor of Science in Information degree from Universitas Indonesia (1989);
Technology from American Intercontinental previously a Co-chair of the Reform Initiative
University, USA, in 2002; previously Deputy Team on Tax and Customs of the Minister of
Managing Director of MedcoEnergi Mining Finance (2006-2010), Head of the Presidential
Indonesia (2019-2020), MedcoEnergi Mining Working Unit on Program Management and
Internasional Tbk (2007-2010) and Business Reform (2006-2009) and Secretary of Cabinet/
Development Manager of MedcoEnergi Minister of Justice/Attorney General of the
(2003); appointed as Commissioner by EGMS Republic of Indonesia (2000-2001); appointed
decision on 25 November 2015 and serves as Independent Commissioner by EGMS
as a member of the Sustainability & Risk decision on 25 November 2015; also serves as
Management Committee, the Nomination Chairman of the Audit Committee, Chairman of
& Remuneration Committee, and the GCG the Nomination & Remuneration Committee,
Committee. He also serves as Director of Chairman of the GCG Committee and member
PT APRAMESIS and PT Ravotri Prima of the Sustainability & Risk Management
Investama, as Commissioner of PT Medco Committee; has no affiliated relationships with
Energi Internasional Tbk, PT Amman members of the Board of Directors and the
Mineral Industri, PT Medco Daya Abadi Board of Commissioners.
Lestari, PT Multi Fabrindo Gemilang,
PT Medco Intidinamika and PT Medco Agro.
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2024 Management Business Company Sustainability Corporate Governance Attachments Performance Discussion and Analysis Activities Profile Board of Directors Roberto Lorato Anthony R. Mathias Hilmi Panigoro Amri Siahaan Ronald Gunawan Director & Chief Director & Chief President Director Director & Chief Director & Chief Executive Officer Financial Officer Administrative Officer Operating Officer 58 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Hilmi Panigoro Ronald Gunawan
President Director Director & Chief Operating Officer
Indonesian citizen, born in Bandung on 4 April 1955; Indonesian citizen, born in Papua Barat on 1 June 1964;
earned a degree in Geological Engineering from ITB, received a BSc degree from ITB, Indonesia and an MSc
Indonesia (1981), enrolled in the MBA Core Program of degree from the Texas A&M University, USA, both in
the Thunderbird University, USA (1984) and received an Petroleum Engineering; previously VP Operations &
MSc President Commissioner (2008-2015), President Development of Premier Oil (2014-2015), President &
Director (2001-2008) and Director (1998-2001) of General Manager of Hess Indonesia (2012-2014), held
MedcoEnergi; appointed as President Director by EGMS various management positions in operations and projects
decision on 25 November 2015; also serves as member with Eni Australia and Eni E&P (2007-2012) and VP Assets
of the Sustainability & Risk Management and the GCG of VICO Indonesia (2002-2006), President IPA (2018), Vice
Committee, as well as Director and Commissioner of President IPA (2019-2023), Board member of IPA (2015 –
several companies within the MedcoEnergi group of 2025); with more than 36 years’ experience in the Oil &
companies. Hilmi has 43 years of experience in the Oil & Gas industry, Ronald was appointed as Director & COO on
Gas industry. 25 November 2015 and has no affiliated relationships with
members of the Board of Commissioners and the Board
of Directors.
Roberto Lorato
Director & Chief Executive Officer Amri Siahaan
Director & Chief Administrative Officer
Italian national, born in Italy on 10 April 1958; received a
degree in Mechanical Engineering from the University of
Indonesian citizen, born in Belitung on 5 June 1965; holds a
Padua, Italy (1987), a degree in Energy Economics from
Mechanical Engineering degree from ITB, Indonesia (1989)
Scuola Superiore Enrico Mattei, Italy (1988) and a Master’s
and an MBA degree from the University of Leicester, UK
degree from the London Business School, UK (1994).
(2003). Previously as General Manager Medco E&P Natuna
Previously President Director of Premier Oil Indonesia
(2016-2018), VP Government Affairs & Business Support
(2010-2015), Managing Director of ENI Indonesia (2006-
of Premier Oil Indonesia (2011-2015), GM Operations/Site
2009), President & CEO of VICO (2003-2006) and Managing
Manager of Tangguh LNG, BP Indonesia (2009-2011),
Director of Agip, UK (2001-2002). An active member of the
Executive Assistant to the COO of Atlantic LNG Trinidad &
IPA Board of Directors (2006-2015) was elected President of
Tobago (2007-2008), VP Semberah Asset VICO Indonesia
the association for 2008 and 2009. With more than 35 years’
(2004-2006), VP SCM of VICO Indonesia (2001-2004)
experience in the Oil & Gas industry, Roberto was appointed
and Audit & Internal Control Manager of BP Indonesia
Director & Chief Executive Officer by Extraordinary General
(2001). With more than 35 years’ experience in the Oil &
Meeting of Shareholders on 25 November 2015; also serves
Gas industry, Amri was appointed as Director and Chief
as a member of the Sustainability & Risk Management and
Administrative Officer on 25 November 2015; He has also
the GCG Committee; has no affiliated relationships with
undertaken a Competent Boards qualification in Climate
members of the Board of Commissioners and the Board
Change and also serve as member of the Good Corporate
of Directors.
Governance committee; has no affiliated relationships
with members of the Board of Commissioners and the
Anthony R. Mathias Board of Directors.
Director & Chief Financial Officer
British national, born in Wales on 6 November 1966; He was
the Vice President of Finance and Information Technology
in Premier Oil from 2012 - 2015, he previously held positions
with ConocoPhillips 2006 - 2012 and Mobil Oil. He began
his career with GEC Marconi in 1988 before joining Price
Waterhouse in 1990. He is a Fellow of the Institute of
Chartered Accountants in England and Wales, a member
of the UK Institute of Directors and received an MBA
from the Manchester Business School and a Bachelor’s
degree in Electrical Engineering from Bradford University
in the United Kingdom. With 30 years’ experience in the
Oil & Gas industry, Anthony was appointed Director &
Chief Financial Officer by Extraordinary General Meeting
of Shareholders on 25 November 2015; He has taken a
Competent Boards qualification in Climate Change and a
course in Sustainability, Environment, Economy & Society
from the London School of Economics. He is a member
of both the Good Corporate Governance Committee
and Sustainability & Risk Management Committee; has
no affiliated relationships with members of the Board of
Commissioners and the Board of Directors.
PT Medco Energi Internasional Tbk 2024 Annual Report 59
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
People and
Organization
“
Fueling Growth
through Talent,
Innovation and “
Sustainability
Amri Siahaan
Director & Chief Administrative Officer
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ENERGY FOR GROWTH
At MedcoEnergi, our success is powered by a thriving Singapore, and Indonesia, gaining invaluable exposure to
workforce, continuous innovation, and a commitment to diverse operational dynamics.
sustainability. These three strategic priorities are crucial
to our “Energy for Growth” journey, driving operational Continuous Workforce Development for
excellence, business expansion, and our vision to deliver the Energy Transition
affordable, sustainable, and reliable clean energy. As the energy sector evolves, MedcoEnergi remains
committed to advancing our workforce readiness to
Investing in Leadership and Succession meet the challenges of the energy transition. Building
Planning on previous initiatives, we further expanded our training
Strong leadership is essential for navigating domestic and programs in 2024:
global challenges. We invest in our people at all levels 1. 19 senior leaders earned certifications in sustainability,
to develop future leaders, ensure seamless leadership ESG, and climate change from globally recognized
transitions and foster both the professional and personal institutions, reinforcing adherence to international
growth. standards.
2. 172 leaders and sustainability champions received
In 2024, we delivered over 130,000 hours of training through training in carbon capture and storage (CCS), carbon
various programs including leadership development. We capture, utilization, and storage (CCUS), and carbon
equipped emerging leaders for pivotal roles and provided offsetting.
bespoke coaching for our middle and senior-level leaders. 3. 457 employees completed structured training on
Building on this foundation, 25 senior leaders participated renewables, low-carbon technologies, climate change,
in the Medco Senior Leadership Development Program and emissions reduction.
in partnership with Institut Européen d’Administration 4. 2,800 employees participated in our sustainability
des Affaires (INSEAD) to further strengthen their and climate change e-learning program, broadening
strategic thinking and leadership skills. Concurrently, the the Company’s knowledge base in environmental
MedcoEnergi Business Apprentice Program prepared responsibility.
young professionals for future leadership roles in Finance
and Digital Information Technology. Continuing our progress, our Medco Subsurface Academy
continues to develop technical leadership, while the
In 2024, 12 employees from Indonesia were seconded newly established Medco Data Science Academy fosters
to our Oman joint venture and 33 staff undertook competencies in advanced data analytics for business
international assignments across Oman, Thailand, decision-making.
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Employee Well-being 3. Leaders Forum – An interactive session where senior
In 2024, key initiatives were implemented in response leaders shared real-life applications of MLB, illustrating
to insights from the 2023 Employee Engagement how these behaviors translate into effective leadership
Survey, which highlighted areas for improvement in and decision-making in daily operations.
communication, coordination, work processes, and overall
well-being. Employee feedbacks are being translated into These initiatives play a key role in embedding corporate values
targeted improvements that enhance both workplace and MLB into the company culture. This structured approach
experience and organizational performance. ensures alignment, fosters a shared sense of purpose, and
nurtures a strong leadership mindset at all levels.
Discussions with 43 female employees across various
functions and levels were initiated to explore career Collaborative Labor Relations
development and work-life balance challenges. Insights In 2024, harmony and productivity were maintained
from these conversations spurred the introduction of two within our industrial relations, aligning with the
initiatives: company’s objectives and safeguarding employee rights
1. Enhancing the Respectful Workplace Program – and well-being while ensuring regulatory compliance.
Designed to further improve inclusivity, mutual Quarterly bipartite meetings and open, constructive
respect, and a professional work environment, dialogues continued to strengthen relationships with
reinforcing a culture where every employee is valued unions covering topics such as best practices in collective
and supported. labor agreement negotiations, compensation structures,
2. The Women at Work Community – A platform and remuneration system.
that fosters peer support, mentorship, and career
development opportunities for female employees, Among others, successful collaborations with 11 labor
providing structured support for professional growth. unions in E&P Indonesia led to the renewal of five
collective labor agreements and the extension of two.
Living the Medco Leadership Behaviors In collaboration with SKK Migas, initiatives to align the
Medco Leadership Behaviors (MLB) is built upon Collective Labor Agreements were enhanced, supporting
MedcoEnergi’s Sustainability pillar, “Leadership of and By the continuity of business operations and the stability
Our Employees”. It applies to employees at all levels to of the workforce. This alignment standardizes Collective
support a high-performing organization. Labor Agreements across MedcoEnergi, ensuring
compliance, consistency, and industrial harmony while
These principles are continuously reinforced to foster supporting organizational sustainability.
a culture of integrity, collaboration, and continuous
improvement,—ensuring they are not just stated values, Enhancing Systems for Greater
but actively practiced at every level of the organization. Efficiency and Collaboration
In addition to a strong focus on talent development and
To embed these behaviours across the workforce, a leadership, system enhancements continued to drive
comprehensive internal campaign was launched in July efficiency, collaboration, and workforce optimization in
2024, utilizing multimedia engagement and interactive 2024. Several key improvements were implemented to
initiatives to drive awareness and adoption. In 2024, streamline operations and strengthen organizational
this campaign was strengthened through a series of capabilities:
initiatives designed to bring MLB to life in everyday work
environments: 1. Reorganized and integrated key functions across
assets to enhance synergy, optimize resource sharing,
1. Management Message Video – A multimedia and improve operational efficiency. This initiative
approach to reinforce corporate values and strengthens collaboration and streamlines processes
demonstrate leadership commitment to MLB. by centralizing various functions under each asset,
Through continuous outreach, these messages have such as wells and marine operations, into unified
reached a wide audience across all levels of the structures to better support business objectives.
organization, ensuring consistent communication, 2. Launched MyHRCorner, a digital platform designed to
alignment, and engagement in embracing corporate empower employees with better career management
values and MLB. tools, providing seamless access to HR services and
2. MLB Sharing Experience – A collaborative professional development resources.
engagement that brought together over 100 3. Implemented an integrated HR dashboard, enhancing
employees from different business functions to share data analysis capabilities and strategic workforce
insights, challenges, and best practices in applying planning, ensuring a more agile and responsive
MLB. organization.
62 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
These initiatives reflect an ongoing commitment to to industry-leading standards in information
building a more connected, data-driven, and future-ready security and IT service management.
workforce, reinforcing MedcoEnergi’s ability to adapt and 3. Driving Digital Transformation Across the Business
thrive in an evolving business environment. • Developed and implemented an Integrated
Business Planning (IBP) solution with best-
Advancing IT Strategy for Digital practice data governance, optimizing upstream
Excellence planning processes.
MedcoEnergi’s five-year Digital IT strategy, launched in • Successfully launched the first batch of the Data
2022, is designed to build a strong foundation for agility Science Academy, equipping domain engineers
and resilience, driving greater integration, efficiency, and with Artificial Intelligence (AI) and Machine
intelligence across our business operations. Learning (ML) capabilities, transforming them
into AI/ML champions.
Progress in 2024 focused upon: • Expanded automation and efficiency through AI/
1. Strengthening the Digital Foundation ML-driven solutions, robotic process automation,
· Successfully upgraded our data center and and mobile applications, streamlining operations
disaster recovery infrastructure, enhancing system and decision-making.
resilience and operational continuity. 4. Strengthening Our Cybersecurity
• Optimized the end-user computing environment, • Enhanced the Security Operations Center (SOC),
ensuring a seamless and efficient digital integrating advanced monitoring and response
workplace. capabilities to proactively detect, manage, and
• Launched an Application Rationalization Initiative neutralize cyber threats.
to streamline and modernize IT systems, reducing • Established a Computer Security Incident
complexity and improving performance. Response Team (CSIRT) in collaboration with
2. Establishing a New Digital Operating Model Indonesia’s National Cyber and Crypto Agency
• Implemented a Demand and Portfolio (BSSN), reinforcing national cybersecurity
Management Process to enhance governance, partnerships.
prioritize IT investments, and maximize business • Strengthened security protocols for legacy
value. Industrial Control Systems (ICS), ensuring
• Achieved ISO 27001:2022 & ISO 20000-1:2018 robust protection against cyber risks in critical
certifications, reinforcing our commitment infrastructure.
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Looking ahead to 2025 and beyond, MedcoEnergi introduced the Supplier Qualification Review (SQR)
will advance its digital capabilities by upgrading the to ensure vendor compliance on ESG principles. Our
enterprise resource planning system and enhancing Vendor Day Events further facilitated collaboration
data management. These initiatives will strengthen and knowledge exchange on sustainability best
integration, efficiency, and intelligence. practices.
Prioritizing Sustainable Procurement Integrity remains at the core of our procurement
Sustainability is embedded in every aspect of practices. We require vendors to uphold the highest
MedcoEnergi’s operations, including supply chain ethical standards in health, safety and environmental,
management, which plays a crucial role in advancing the respect human rights, asset security, confidentiality,
Company’s ESG commitments and long-term business fair competition, and anti-corruption measures. Child
resilience. Ensuring a trusted, transparent, and sustainable and forced labor are strictly prohibited and require the
supply chain is key to achieving both our net-zero targets same commitment from our vendors. These principles
and industry-wide sustainability advancements. are embedded in our selection process and contractual
agreements, with our contract terms and conditions
In 2024, we strengthened our sustainable procurement mandating compliance with both the Code of Conduct
framework, integrating it into the Company’s broader and Code of Suppliers. In July 2024, we reinforced our
sustainability strategy. Key milestones included revising commitment by integrating our Human Rights Policy
tender requirements to incorporate ESG-focused criteria, and Sustainability Policy, further strengthening mutual
such as human rights policies, responsible sourcing accountability with vendors.
practices, and environmental sustainability mandates.
Beyond compliance, MedcoEnergi actively supports
We also enhanced supplier qualification processes, local suppliers in the regions, not only reducing the
implemented a performance monitoring system and carbon footprint of our procurement activities but
64 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
also stimulating economic growth in our operational Strengthening employee engagement and experience
areas. Our participation in the SCM Summit 2024 remains crucial. By embedding MLBs and advancing
further strengthened our commitment to advancing HR digitalization, along with follow-ups on Employee
sustainable procurement in the energy sector. Engagement Survey initiatives, we aim to create a
work environment that supports both individual
Through these initiatives, MedcoEnergi continues to build growth and corporate objectives. The Collective
a resilient, transparent, and ESG-driven supply chain, Labor Agreement alignment will continue to play a
ensuring that our procurement strategies contribute to pivotal role, maintaining industrial relations stability
both business sustainability and industry-wide progress. and fostering a collaborative and harmonious work
atmosphere.
Priorities for 2025
In 2025, MedcoEnergi will continue enhancing Digital transformation is another major focus area
workforce capabilities, accelerate digital transformation, for the upcoming year. We are committed to further
and reinforcing sustainable procurement. The initiatives integrating digitalization into our operations, with
are carefully aligned with the company’s strategic plans to continue upgrading our Enterprise Resource
growth objectives, positioning us to effectively navigate Planning system and enhance data management
the evolving energy landscape. capabilities.
An ongoing focus is the development of a robust talent pipeline Sustainable procurement remains a cornerstone
to ensure that MedcoEnergi retains the necessary expertise and of our supply chain resilience and ESG
leadership for growth and successful energy transition. Through commitments. In the coming year, we will deepen
targeted leadership development and talent acceleration our integration of ESG-driven best practices into
programs, we are committed to investing in our future workforce, our procurement processes.
fostering skills that meet tomorrow’s challenges.
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Human Resources Highlights
Demography
2020 2021 2022 2023 2024
by Location
Corporate 102 102 103 116 115
Oil & Gas 1,857 2,270 2,216 2,188 2,107
Power 784 783 807 901 1,013
Other Business 935 2,234 1,257 1,636 2,766
Total Domestic 3,678 5,389 4,383 4,841 6,001
Oman 185 183 189 195 206
Thailand 83 86 83 87 87
Singapore 16 16 17 19 18
Libya 14 7 7 7 3
Tanzania 3 3 3 3 3
Malaysia 6 5 2 -
Total International 307 300 301 311 317
3,985 5,689 4,684 5,152 6,318
2020 2021 2022 2023 2024
Demography
(Gender)
Number of Number of Number of Number of Number of
Proportion Proportion Proportion Proportion Proportion
Employees Employees Employees Employees Employees
Male 87% 3,448 89% 5,035 86% 4,035 87% 4,484 89% 5,643
Female 13% 537 11% 654 14% 649 13% 668 10% 675
100% 3,985 100% 5,689 100% 4,684 100% 5,152 100% 6,318
2020 2021 2022 2023 2024
Demography
(Age Group)
Number of Number of Number of Number of Number of
Proportion Proportion Proportion Proportion Proportion
Employees Employees Employees Employees Employees
>50 14% 553 14% 801 15% 708 15% 779 14% 940
>40 - 50 39% 1,532 34% 1,905 39% 1,824 40% 2,057 38% 2,440
>30 - 40 36% 1,447 35% 1,994 35% 1,614 32% 1,647 30% 1,915
>19 - 30 11% 453 17% 989 12% 538 13% 669 16% 1,023
100% 3,985 100% 5,689 100% 4,684 100% 5,152 100% 6,318
2020 2021 2022 2023 2024
Demography
(Education Level)
Number of Number of Number of Number of Number of
Proportion Proportion Proportion Proportion Proportion
Employees Employees Employees Employees Employees
Bachelor’s Degree 53% 2,100 44% 2,532 54% 2,505 50% 2,569 41% 2,642
& Above
Diploma 12% 497 10% 541 12% 557 12% 602 9% 586
High School &
35% 1,388 46% 2,616 35% 1,622 38% 1,981 48% 3,090
Non-Degree
100% 3,985 100% 5,689 100% 4,684 100% 5,152 100% 6,318
66 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
2020 2021 2022 2023 2024
Years of Service
(Years)
Number of Number of Number of Number of Number of
Proportion Proportion Proportion Proportion Proportion
Employees Employees Employees Employees Employees
0-10 61% 2,452 63% 3,612 58% 2,729 60% 3,104 65% 4,142
>10-20 34% 1,345 31% 1,762 36% 1,680 34% 1,724 27% 1,742
>20-30 4% 171 5% 268 6% 257 6% 291 6% 396
>30 1% 17 1% 47 0.4% 18 0.6% 33 0.6% 38
100% 3,985 100% 5,689 100% 4,684 100% 5,152 100% 6,318
Training 2020 2021 2022 2023 2024
Training Courses 577 659 1,131 1,058 1,085
Mancourse 6,893 5,826 8,226 9,380 8,210
Training Hours 63,389 60,302 78,841 77,900 136,380
Training Investment (USD) 2,358,000 1,963,099 3,782,500 3,976,000 3,882,000
Female in Managerial Positions 2021 2022 2023 2024
Total Manager* 235 311 322 340
Total Female Managers** 40 62 63 71
% Women in leadership role 17% 20% 20% 21%
* Assumptions: Total population of Male & Female at Level Managers and above. Scope: Corporate Office, E&P Domestic
** Assumptions: Female population at Level Managers and above. Scope: Corporate Office, E&P Domestic
Emergency evacuation training, South Natuna Sea Block B, Riau Islands
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Financial
Highlights
Description 2020 2021 2022 2023 2024
Income Statement (US$ Million)
Sales and other operating revenues 1,034.5 1,252.1 2,312.2 2,249.3 2,399.2
Gross profit 319.0 550.6 1,246.1 1,033.7 933.5
Selling, general, and administrative expenses (153.8) (161.4) (219.9) (241.4) (216.9)
Operating profit 165.2 389.2 1,026.2 792.3 716.6
Other operating income (expense)-net (262.0) (119.9) 19.9 (64.4) (45.5)
Profit (loss) before income tax expense from continuing operations (96.9) 269.4 1,046.1 727.9 671.1
Income tax expense (67.2) (222.8) (508.0) (339.7) (289.3)
Profit (loss) for the year attributable to owners of the parent (192.8) 47.0 530.9 330.7 367.4
Profit (loss) for the year attributable to non-controlling interest 11.7 15.6 20.5 15.1 12.8
Total profit (loss) for the year (181.2) 62.6 551.4 345.8 380.2
EBITDA 452.1 667.3 1,593.5 1,255.2 1,271.8
Total comprehensive income (loss) attributable to owners of the parent (229.0) 69.4 541.3 330.4 358.4
Total comprehensive income (loss) attributable to non-controlling 1.3 15.4 47.3 16.5 9.4
interest
Total comprehensive income (loss) for the year (227.6) 84.8 588.5 346.8 367.8
Profit (loss) attributable to the equity holders of the parent company (192.8) 47.0 530.9 330.7 367.4
Earnings Per Share (0.00844) 0.00250 0.02123 0.01321 0.01466
Balance Sheet (US$ Million)
Cash and cash equivalents 297.5 481.0 600.0 353.9 637.0
Restricted Cash 149.1 451.9 137.2 70.8 60.4
Current Assets 1,877.2 1,701.6 1,751.4 1,546.6 1,817.0
Investment in shares 831.7 1,075.4 1,410.9 1,653.0 1,935.5
Total Assets 5,882.7 5,683.9 6,931.9 7,468.3 7,926.9
Current Liabilities 1,367.8 1,006.2 1,379.3 1,422.1 1,505.4
Non-current Liabilities 3,319.6 3,448.4 3,805.1 4,018.7 4,070.5
Total Liabilities 4,687.4 4,454.5 5,184.4 5,440.7 5,575.9
Total Equity attributable to the equity holders of the parent Company 1,007.4 1,072.7 1,557.3 1,828.5 2,118.7
Financial Ratios
Return on Assets (%) (3%) 1% 8% 4% 5%
Return on Equity (%) (19%) 4% 34% 18% 17%
Net Profit (loss) margin (%) (19%) 4% 23% 15% 16%
Current Ratio 1.37 1.69 1.27 1.09 1.21
Current Liabilities to total assets ratio 0.23 0.18 0.20 0.19 0.19
Long-term Liabilities to Total Assets Ratio 0.56 0.61 0.55 0.54 0.51
Total liabilities to Equity Ratio 3.92 3.62 2.97 2.68 2.37
Debt to Equity Ratio 2.28 2.43 1.80 1.63 1.40
Net Debt to Equity Ratio 1.91 1.67 1.38 1.42 1.11
68 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Operational
Highlights
2020 2021 2022 2023 2024
Reserves1
Proved Oil Reserves-1P (mmboe) 87.9 89.2 92.2 119.3 79.5
Proved Gas Reserves-1P (bcf) 759.3 1,000.8 1,396.5 1,409.1 1,472.7
Total Proved Reserves-1P (mmboe) 228.5 278.3 352.6 380.7 353.7
Proved and Probable Oil Reserves-2P (mmboe) 146.6 147.6 145.7 184.2 117.4
Proved and Probable Gas Reserves-2P (bcf) 887.4 1,279.5 1,803.7 1,914.2 2,017.8
Total Proved and Probable-2P (mmboe) 310.4 389.2 481.3 538.8 493.4
Contingent Resources (mmboe) 1,125.4 995.7 1,040.3 1,041.0 895.9
Lifting & gross sales 2
Oil (mbopd) 3 31.9 26.4 25.3 23.2 31.7
Gas (bbtud) 302.2 299.8 667.1 659.2 561.9
Oil & Gas Production (mboepd)3 93.0 86.9 155.2 152.1 143.0
Service Contract in Oman (mbopd) 7.4 7.2 7.4 7.6 8.9
Average Oil Price (US$/bbl) 40.3 68.0 96.2 77.9 78.0
Average Gas Price (US$ per mmbtu) 5.2 6.5 8.2 7.0 7.0
Power
Generated Power Sales (GWh) 2,639 2,718 3,993 4,155 4,108
Copper & Gold Mining
Copper Production (Mlbs) 293.9 233.7 463.9 312.0 394.9
Gold Production (Koz) 132.1 156.4 730.7 463.5 802.7
Average realized copper price (US$ per lbs) 2.9 4.2 3.6 3.8 4.2
Average realized gold price (US$ per oz) 1,794 1,799 1,737 1,947.7 2,397.1
Notes:
1)
The Company’s participating interest in reserves including Government share.
2)
The Company’s participating interest in oil lifted and gas sold including Government share.
3)
Excluding Oman service contract.
Bualuang Platform, Thailand
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Share
Performance
Number of Shares Outstanding
Years Q1 Q2 Q3 Q4
2024 25,136,231,252 25,136,231,252 25,136,231,252 25,136,231,252
2023 25,136,231,252 25,136,231,252 25,136,231,252 25,136,231,252
2022 25,136,231,252 25,136,231,252 25,136,231,252 25,136,231,252
2021 25,136,231,252 25,136,231,252 25,136,231,252 25,136,231,252
2020 17,920,454,106 17,920,454,272 25,062,414,682 25,136,231,252
2019 17,839,338,081 17,839,350,245 17,844,051,544 17,916,081,914
2018 17,728,923,467 17,728,923,467 17,794,313,493 17,829,347,601
Stock Price – IDR per share
Q1 Q2 Q3 Q4
Years
High Low Close High Low Close High Low Close High Low Close
2024 1,520 1,105 1,430 1,635 1,205 1,335 1,405 1,175 1,265 1,460 1,015 1,100
2023 1,430 855 1,010 1,115 840 890 1,705 880 1,610 1,600 980 1,155
2022 570 545 555 660 630 635 925 865 915 1,030 1,010 1,015
2021 590 555 570 650 635 640 560 530 550 478 464 466
2020 339 322 327 393 383 383 358 336 338 630 590 590
2019 1,025 720 890 910 745 810 875 720 690 950 630 865
2018 1,575 890 1,210 1,300 965 965 1,075 745 1,000 1,025 620 685
Market Capitalization (IDR billion)
Years Q1 Q2 Q3 Q4
2024 35,945 33,557 31,797 27,650
2023 25,513 22,371 40,469 29,032
2022 13,951 15,962 23,000 25,513
2021 14,328 16,087 13,825 11,713
2020 6,917 8,100 8,471 14,830
2019 15,877 14,450 12,312 15,497
2018 21,452 17,108 17,794 12,213
Trading Volume Share
Years Q1 Q2 Q3 Q4
2024 3,906,766,000 2,766,769,000 3,699,581,000 3,044,898,000
2023 4,716,983,885 3,725,812,343 8,449,413,660 8,185,177,754
2022 6,007,759,384 5,253,136,126 8,894,128,300 4,035,586,131
2021 6,681,771,328 3,209,133,708 4,731,090,404 3,444,119,092
2020 3,686,528,675 4,975,106,870 8,255,507,540 8,940,846,664
2019 2,514,532,104 994,398,900 1,254,670,304 2,441,557,976
2018 4,362,092,320 1,865,615,204 2,473,777,688 2,101,325,604
70 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Shareholding
Composition
Historical Listings
Corporate Action Date Ratio Number of Outstanding Shares Par Value
Series I Warrants 31 December 2020 1:1 25,136,231,252 25
Rights Issue 14 September 2020 5:2 25,062,414,682 25
Rights Issue 14 December 2017 3:1 17,728,923,467 25
Stock Split 14 September 2017 4:1 13,329,805,800 25
Stock Split 2 June 2000 1:5 3,332,451,450 100
Rights Issue 2 December 1999 10:11 666,490,290 500
Stock Split 18 August 1998 1:2 344,760,000 500
Bonus Shares 18 July 1996 10:7 172,380,000 1,000
IPO 12 October 1994 - 101,400,000 1,000
Shareholder List – More than 5% Ownership as of 31 December 2024
Shareholders Shares Percentage
PT Medco Daya Abadi Lestari 12,944,140,124 51.50%
Diamond Bridge Pte. Ltd. 5,395,205,771 21.46%
Total 18,339,345,895 72.96%
Public Shareholder List – Below 5% Ownership as of 31 December 2024
Shareholder Category Number Shareholders Shares Percentage
Foreign Institutions 241 3,011,163,849 11.98%
Individual 38,245 1,913,019,185 7.61%
Mutual Funds 166 643,412,085 2.56%
Local Institutions 139 614,249,387 2.44%
Insurances 128 450,879,828 1.79%
Pension Funds 52 132,844,566 0.53%
Foundations 11 30,008,857 0.12%
Cooperatives 4 1,307,600 0.01%
Total 38,986 6,796,885,357 27.04%
Members of the Board of Commissioners and members of the Board of Directors who own shares of
the Company as of 31 December 2024
Shares Percentage
Commissioner
1. Yani Yuhani Panigoro (Commissioner) 8,703,146 0.03%
2. Yaser Raimi A. Panigoro (Commissioner) 2,223,533 0.01%
Directors
1. Hilmi Panigoro (President Director) 31,269,683 0.12%
2. Roberto Lorato (CEO) 168,421,200 0.67%
3. Anthony R. Mathias (CFO) 40,035,752 0.16%
4. Ronald Gunawan (COO) 71,810,642 0.29%
5. Amri Siahaan (CAO) 52,081,449 0.21%
PT Medco Energi Internasional Tbk 2024 Annual Report 71
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Outstanding
Securities
IDR Bonds
Currency: IDR
Indonesia Stock Exchange
2020 2021 2022 2023 2024
Shelf Registered Public Offering Rupiah Bond II Phase IV Year 2017 Tranche C with Interest Rate of 11.8% due 30 March 2024
Bond rating A+ (Pefindo) A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 7,000,000,000 7,000,000,000 7,000,000,000 7,000,000,000
Unamortized discounts (9,185,932) (13,418,664) (7,058,122) (1,786,407) REPAID
Total Outstanding 6,990,814,068 6,986,581,336 6,992,941,878 6,998,213,593
Total Interest expense 826,000,000 826,000,000 826,000,000 826,000,000
Shelf Registered Public Offering Rupiah Bond III Phase III Year 2020 Tranche B with Interest Rate of 9.30% due on 20 February 2025
Bond rating A+ (Pefindo) A+ (Pefindo) AA-(Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 476,300,000,000 476,300,000,000 476,300,000,000 476,300,000,000 476,300,000,000
Unamortized discounts (1,992,267,983) (1,576,615,487) (1,231,203,165) (626,393,106) (82,158,523)
Total Outstanding 474,307,732,017 474,723,384,513 475,068,796,835 475,673,606,894 476,217,841,477
Total Interest expense 38,758,912,500 44,295,900,000 44,295,900,000 44,295,900,000 44,295,900,000
Shelf Registered Public Offering Rupiah Bond IV Phase I Year 2021 Tranche A with Interest Rate of 7.75% due on 9 September 2024
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 400,000,000,000 400,000,000,000 400,000,000,000
Unamortized discounts (4,072,502,816) (2,724,669,752) (1,075,542,226) REPAID
Total Outstanding 395,927,497,184 397,275,330,248 398,924,457,774
Total Interest expense 9,730,555,556 31,000,000,000 31,000,000,000
Shelf Registered Public Offering Rupiah Bond IV Phase I Year 2021 Tranche B with Interest Rate of 8.50% due on 9 September 2026
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 600,000,000,000 600,000,000,000 600,000,000,000 600,000,000,000
Unamortized discounts (6,334,216,649) (5,268,958,387) (3,786,814,427) (2,548,095,219)
Total Outstanding 593,665,783,351 594,731,041,613 596,213,185,573 597,451,904,781
Total Interest expense 16,008,333,333 51,000,000,000 51,000,000,000 51,000,000,000
Shelf Registered Public Offering Rupiah Bond IV Phase II Year 2021 Tranche A with Interest Rate of 7.75% due on 23 November 2024
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 941,805,000,000 941,805,000,000 941,805,000,000
Unamortized discounts (4,101,780,739) (2,944,007,635) (385,557,498) REPAID
Total Outstanding 937,703,219,261 938,860,992,365 941,419,442,502
Total Interest expense 7,704,488,125 72,989,887,500 72,989,887,500
72 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Currency: IDR
Indonesia Stock Exchange
2020 2021 2022 2023 2024
Shelf Registered Public Offering Rupiah Bond IV Phase II Year 2021 Tranche B with Interest Rate of 8.50% due on 23 November 2026
Bond rating A+ (Pefindo) AA-(Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 58,195,000,000 58,195,000,000 58,195,000,000 58,195,000,000
Unamortized discounts (1,407,221,373) (1,035,838,985) (754,172,020) (530,216,974)
Total Outstanding 56,787,778,627 57,159,161,015 57,440,827,980 57,664,783,026
Total Interest expense 522,138,472 4,946,575,000 4,946,575,000 4,946,575,000
Shelf Registered Public Offering Rupiah Bond IV Phase III Year 2022 Tranche A with Interest Rate of 7.00% due on 26 July 2025
Bond rating AA-(Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 1,892,315,000,000 1,892,315,000,000 1,892,315,000,000
Unamortized discounts (9,249,893,678) (4,906,333,710) (1,310,402,965)
Total Outstanding 1,883,065,106,322 1,887,408,666,290 1,891,004,597,035
Total Interest expense 58,136,121,944 132,462,050,000 132,462,050,000
Shelf Registered Public Offering Rupiah Bond IV Phase III Year 2022 Tranche B with Interest Rate of 8.10% due on 26 July 2027
Bond rating AA-(Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 521,415,000,000 521,415,000,000 521,415,000,000
Unamortized discounts (2,548,747,598) (1,847,351,321) (1,426,156,623)
Total Outstanding 518,866,252,402 519,567,648,679 519,988,843,377
Total Interest expense 18,536,303,250 42,234,615,000 42,234,615,000
Shelf Registered Public Offering Rupiah Bond IV Phase III Year 2022 Tranche C with Interest Rate of 9.00% due on 26 July 2029
Bond rating AA-(Pefindo) AA-(Pefindo) AA-(Pefindo)
Total 586,270,000,000 586,270,000,000 586,270,000,000
Unamortized discounts (2,865,767,679) (2,327,559,782) (2,055,715,213)
Total Outstanding 583,404,232,321 583,942,440,218 584,214,284,787
Total Interest expense 23,157,665,000 52,764,300,000 52,764,300,000
Shelf Registered Public Offering Rupiah Bond V Phase I Year 2023 Tranche A with Interest Rate of 6.95% due on 7 July 2026
Bond rating AA-(Pefindo) AA-(Pefindo)
Total 150,000,000,000 150,000,000,000
Unamortized discounts (1,814,518,368) (1,180,918,936)
Total Outstanding 148,185,481,632 148,819,081,064
Total Interest expense 5,125,625,000 10,425,000,000
Shelf Registered Public Offering Rupiah Bond V Phase I Year 2023 Tranche B with Interest Rate of 7.30% due on 7 July 2028
Bond rating AA-(Pefindo) AA-(Pefindo)
Total 260,000,000,000 260,000,000,000
Unamortized discounts (3,383,877,640) (2,839,182,364)
Total Outstanding 256,616,122,360 257,160,817,636
Total Interest expense 9,331,833,333 18,980,000,000
PT Medco Energi Internasional Tbk 2024 Annual Report 73
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Outstanding
Securities
Currency: IDR
Indonesia Stock Exchange
2020 2021 2022 2023 2024
Shelf Registered Public Offering Rupiah Bond V Phase I Year 2023 Tranche C with Interest Rate of 8.15% due on 7 July 2030
Bond rating AA-(Pefindo) AA-(Pefindo)
Total 590,000,000,000 590,000,000,000
Unamortized discounts (7,923,979,000) (7,248,453,327)
Total Outstanding 582,076,021,000 582,751,546,673
Total Interest expense 23,641,791,667 48,085,000,000
Shelf Registered Public Offering Rupiah Bond V Phase II Year 2024 Tranche A with Interest Rate of 7.35% due on 13 February 2027
Bond rating AA-(Pefindo)
Total 208,855,000,000
Unamortized discounts (636,580,535)
Total Outstanding 208,218,419,465
Total Interest expense 13,730,475,792
Shelf Registered Public Offering Rupiah Bond V Phase II Year 2024 Tranche B with Interest Rate of 7.90% due on 13 February 2029
Bond rating AA-(Pefindo)
Total 427,955,000,000
Unamortized discounts (1,444,689,842)
Total Outstanding 426,510,310,158
Total Interest expense 30,239,775,806
Shelf Registered Public Offering Rupiah Bond V Phase II Year 2024 Tranche C with Interest Rate of 8.50% due on 13 February 2031
Bond rating AA-(Pefindo)
Total 863,190,000,000
Unamortized discounts (830,293,460)
Total Outstanding 862,359,706,540
Total Interest expense 65,626,417,500
US Dollar Bonds
Currency: US$
Singapore Stock Exchange (SGX)
2020 2021 2022 2023 2024
US$144a SGX listed bond, coupon 6.75%. Issued in 2018, maturing 30 January 2025
B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/BB-
Bond rating
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/BB- (Fitch)
Total 500,000,000 500,000,000 235,398,000 33,297,000
Buyback - - 264,602,000 466,703,000
Unamortized discounts (11,616,737) (9,081,969) (3,204,088) (203,777) REPAID
Total Outstanding 488,383,263 490,918,031 232,193,912 33,093,223
Total Interest expense 33,468,750 33,750,000 30,995,568 14,145,456
74 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Currency: US$
Singapore Stock Exchange (SGX)
2020 2021 2022 2023 2024
US$144a SGX listed bond, coupon 7.375%. Issued in 2019, maturing 14 May 2026
B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/BB-
Bond rating
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/BB- (Fitch)
Total 650,000,000 650,000,000 533,606,000 473,758,000 242,319,000
Buyback - - 116,394,000 176,242,000 407,681,000
Unamortized discounts (14,056,372) (11,862,173) (6,983,649) (5,037,353) (1,190,693)
Total Outstanding 635,943,628 638,137,827 526,622,351 468,720,647 241,128,307
Total Interest expense 47,671,181 47,937,500 42,975,117 39,218,276 26,688,834
US$144a SGX listed bond, coupon 6.375%. Issued in 2020, maturing 30 January 2027
B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/BB-
Bond rating
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/BB- (Fitch)
Total 650,000,000 650,000,000 590,095,000 508,397,000 435,283,000
Buyback - - 59,905,000 141,603,000 216,687,000
Unamortized discounts (24,600,887) (20,915,321) (16,216,889) (11,035,005) (7,544,600)
Total Outstanding 625,399,113 629,084,679 573,878,111 497,361,995 427,738,400
Total Interest expense 37,984,375 41,437,500 39,242,120 36,610,960 30,900,574
US$144a SGX listed bond, coupon 6.95%. Issued in 2021, maturing 12 November 2028
B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/B+ B1 (Moodys)/BB-
Bond rating
(S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/B+ (Fitch) (S&P)/BB- (Fitch)
Total 400,000,000 384,800,000 299,417,000 299,417,000
Buyback - 15,200,000 100,583,000 100,583,000
Unamortized discounts (18,679,223) (17,548,405) (10,466,659) (8,747,262)
Total Outstanding 381,320,777 367,251,595 288,950,341 290,669,738
Total Interest expense 3,706,667 27,721,697 25,990,023 20,809,482
US$144a SGX listed bond, coupon 8.96%. Issued in 2023, maturing 27 April 2029
B1 (Moodys)/B+ B1 (Moodys)/BB-
Bond rating
(S&P)/B+ (Fitch) (S&P)/BB- (Fitch)
Total 500,000,000 500,000,000
Buyback - -
Unamortized discounts (19,736,601) (17,147,296)
Total Outstanding 480,263,399 482,852,704
Total Interest expense 7,964,444 44,675,556
PT Medco Energi Internasional Tbk 2024 Annual Report 75
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Outstanding
Securities
Medco Power Indonesia Bonds
Currency: IDR
Indonesia Stock Exchange (IDX)
2020 2021 2022 2023 2024
Shelf Registered Public Offering Rupiah Bond I Year 2018 Tranche C with Interest Rate of 10.75% due on 4 July 2025
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 258,000,000,000 258,000,000,000 258,000,000,000 258,000,000,000 258,000,000,000
Unamortized discounts (2,514,804,170) (2,068,528,110) (1,570,501,721) (1,014,724,014) (394,498,125)
Total Outstanding 255,485,195,830 255,931,471,890 256,429,498,279 256,985,275,986 257,605,501,875
Total Interest expense 27,735,000,000 27,735,000,000 27,735,000,000 27,735,000,000 27,735,000,000
Rupiah Sukuk Wakalah I Year 2018 Tranche C with Interest Rate of 10.75% due on 4 July 2025
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 43,000,000,000 43,000,000,000 43,000,000,000 43,000,000,000 43,000,000,000
Unamortized discounts (419,134,028) (344,754,685) (261,750,287) (169,120,669) (65,749,688)
Total Outstanding 42,580,865,972 42,655,245,315 42,738,249,713 42,830,879,331 42,934,250,312
Total Interest expense 4,622,500,000 4,622,500,000 4,622,500,000 4,622,500,000 4,622,500,000
Rupiah Sukuk Wakalah II Year 2019 Tranche B with Interest Rate of 10.55% due on 23 May 2024
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 7,000,000,000 7,000,000,000 7,000,000,000 7,000,000,000
Unamortized discounts (128,960,225) (96,154,782) (59,480,005) (18,479,514) REPAID
Total Outstanding 6,871,039,775 6,903,845,218 6,940,519,995 6,981,520,486
Total Interest expense 738,500,000 738,500,000 738,500,000 738,500,000
Rupiah Sukuk Wakalah II Year 2019 Tranche C with Interest Rate of 11.1% due on 23 May 2026
Bond rating A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo) A (Pefindo)
Total 10,300,000,000 10,300,000,000 10,300,000,000 10,300,000,000 10,300,000,000
Unamortized discounts (302,435,488) (260,086,518) (212,443,649) (158,845,109) (98,546,401)
Total Outstanding 9,997,564,512 10,039,913,482 10,087,556,351 10,141,154,891 10,201,453,599
Total Interest expense 1,143,300,000 1,143,300,000 1,143,300,000 1,143,300,000 1,143,300,000
Rupiah Shelf Registered Sukuk Wakalah I Phase I Year 2022 Tranche A with Interest Rate 8.00% due on 4 August 2025
Bond rating A (Pefindo) A (Pefindo) A (Pefindo)
Total 280,000,000,000 280,000,000,000 280,000,000,000
Unamortized discounts (2,336,465,132) (1,491,143,000) (572,377,808)
Total Outstanding 277,663,534,868 278,508,857,000 279,427,622,192
Total Interest expense 9,271,111,111 22,400,000,000 22,400,000,000
Rupiah Shelf Registered Sukuk Wakalah I Phase I Year 2022 Tranche B with Interest Rate 9.25% due on 4 August 2027
Bond rating A (Pefindo) A (Pefindo) A (Pefindo)
Total 220,000,000,000 220,000,000,000 220,000,000,000
Unamortized discounts (3,267,703,236) (2,685,235,664) (2,044,028,099)
Total Outstanding 216,732,296,764 217,314,764,336 217,955,971,901
Total Interest expense 8,422,638,889 20,350,000,000 20,350,000,000
76 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Currency: IDR
Indonesia Stock Exchange (IDX)
2020 2021 2022 2023 2024
Rupiah Shelf Registered Sukuk Wakalah I Phase II Year 2022 Tranche A with Interest Rate 9.00% due on 30 December 2025
Bond rating A (Pefindo) A (Pefindo) A (Pefindo)
Total 469,690,000,000 469,690,000,000 469,690,000,000
Unamortized discounts (1,917,509,425) (1,992,861,024) (1,042,223,123)
Total Outstanding 467,772,490,575 467,697,138,976 468,647,776,877
Total Interest expense 117,422,500 42,272,100,000 42,272,100,000
Rupiah Shelf Registered Sukuk Wakalah I Phase II Year 2022 Tranche B with Interest Rate 9.50% due on 30 December 2027
Bond rating A (Pefindo) A (Pefindo) A (Pefindo)
Total 130,310,000,000 130,310,000,000 130,310,000,000
Unamortized discounts (531,990,575) (1,111,159,395) (878,325,660)
Total Outstanding 129,778,009,425 129,198,840,605 129,431,674,340
Total Interest expense 34,387,361 12,379,450,000 12,379,450,000
Rupiah Shelf Registered Sukuk Wakalah I Phase III Year 2024 Tranche A with Interest Rate 8.55% due on 18 January 2027
Bond rating A (Pefindo)
Total 179,995,000,000
Unamortized discounts (590,672,159)
Total Outstanding 175,404,327,841
Total Interest expense 13,793,608,125
Rupiah Shelf Registered Sukuk Wakalah I Phase III Year 2024 Tranche B with Interest Rate 9.50% due on 18 January 2029
Bond rating A (Pefindo)
Total 494,490,000,000
Unamortized discounts (3,261,453,025)
Total Outstanding 491,228,546,975
Total Interest expense 43,061,837,500
Rupiah Shelf Registered Sukuk Wakalah I Phase III Year 2024 Tranche B with Interest Rate 10.00% due on 18 January 2031
Bond rating A (Pefindo)
Total 79,515,000,000
Unamortized discounts (769,724,277)
Total Outstanding 78,745,275,723
Total Interest expense 7,288,875,000
PT Medco Energi Internasional Tbk 2024 Annual Report 77
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Corporate
Data
Company Name PT Medco Energi Internasional Tbk
Business Activity PT Medco Energi Internasional Tbk (“MedcoEnergi”) is a leading
Southeast Asian energy and natural resources company listed on
the Indonesia Stock Exchange (MEDC-IDX). MedcoEnergi has three
key business segments, Oil & Gas, Power, and Cooper & Gold Mining.
MedcoEnergi explores for and produces oil & gas primarily in Indonesia
and is expanding its presence in Southeast Asia and the Middle East.
The Group operates gas, PV, geothermal and mini-hydro power plants
in Indonesia through Medco Power and through a non-consolidated
interest in PT Amman Mineral Internasional Tbk operates a large
Indonesian Copper & Gold mine.
Date of Establishment 9 June 1980
Legal Basis of Establishment Notarial deed No. 19 before Imas Fatimah, S.H., dated 9 June 1980. The
deed of establishment was approved by the Ministry of Justice of the
Republic of Indonesia in its decision letter No. Y.A.5/192/4 dated 7 April
1981 and was published in State Gazette No. 102, Supplement No. 1020
dated 22 December 1981.
Share Ownership PT Medco Daya Abadi Lestari : 51.50%
Diamond Bridge Pte. Ltd. : 21.46%
Public : 27.04%
Authorized Capital 55,000,000,000 shares
Issued and Fully Paid Up Capital 25,136,231,252 shares
Listing Date 12 October 1994
Exchange • Indonesia Stock Exchange (MEDC-IDX)
• Singapore Stock Exchange (SGX, USD Bonds)
Company Address The Energy Building 53rd Floor, SCBD lot 11A,
Jl. Jenderal Sudirman, Jakarta 12190.
Corporate Secretary Siendy K. Wisandana
Phone : +62-21 2995 3000
E-mail : corporate.secretary@medcoenergi.com
Website www.medcoenergi.com
In compliance with OJK Regulation No.8/POJK.04/2015 regarding
Public Company website.
78 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Company Offices and
Supporting Institutions
COMPANY OFFICES
PT Medco Energi Medco Energi Thailand PT Medco Power Indonesia
Q House Lumpini, The Energy, 8th Floor, SCBD Lot 11A
Internasional Tbk Building 28th Floor, Unit 2802 Jl. Jenderal Sudirman Kav. 52-53
No.1 South Sathorn Road, Sathorn Jakarta 12190, Indonesia
The Energy Buiding 53rd Floor, SCBD Bangkok 10120, Thailand
Lot 11A PT Amman Mineral Internasional Tbk
Jl. Jenderal Sudirman Kav. 52-53 Medco Oman LLC The Energy, 28th Floor, SCBD Lot 11A
Jakarta 12190, Indonesia Bait Al Reem 1st Floor Building #81. Jl. Jenderal Sudirman Kav. 52-53
Block #234, Way #3409 Jakarta 12190, Indonesia
Medco Energi Global Pte Ltd Ath-Thaqafah Al Wizaraath
12 Marina Boulevard, #18-01A, Street Al Khuwair, Muscat Sultanate of
Marina Bay Financial Centre Tower 3, Oman 133 Oman
Singapore 018982
Medco Yemen Holding
Of Faj-Attan St., Bait Salami,
Hadda Area
Near Safer E&P (SEPOC)
P.O. Box 16609
Sana’a - Republic of Yemen
SUPPORTING INSTITUTIONS
Stock Exchange Listing Indonesian Central Rating Agencies
Bursa Efek Indonesia
Securities Depository
PT Pemeringkat Efek
Stock Exchange Building Tower 1 (KSEI) Indonesia (PEFINDO)
Jl. Jenderal Sudirman Kav. 52-53 Setiabudi Atrium 8th Floor,
Jakarta 12190, Indonesia PT Kustodian Sentral Efek Indonesia Suite 809-810
Tel: +62-21 0800 100 9000 Indonesia Stock Exchange Building Jl. H.R. Rasuna Said Kav. 62
Tower I, 5th Floor Jakarta 12920, Indonesia
Singapore Exhange Securities Jl. Jenderal Sudirman Kav. 52-53 Tel: +62-21 521 0077
Trading Limited Jakarta 12190, Indonesia
11 North Buona Vista Drive, #06-07 Tel: +62-21 515 2855 Moody’s Investors Service Singapore
The Metropolis Tower 2 Pte. Ltd.
Singapore 138589 Public Accounting Firm 50 Raffles Place #23-06
Tel: +65 6236 8888 Singapore Land Tower
Purwantono, Sungkoro & Surja Singapore 048623
Share Registrar (member of Ernst & Young Global Tel: +65 6398 8300
Limited)
PT Sinartama Gunita Indonesia Stock Exchange Building Fitch Ratings Singapore Pte Ltd.
Menara Tekno Lantai 7 Tower II, 7th Floor One Raffles Quay
Jl. Fachrudin No. 19, RT 01/RW 07 Jl. Jenderal Sudirman Kav. 52-53 South Tower #22-11
Kelurahan Kampung Bali, Kecamatan Jakarta 12190, Indonesia Singapore 048583
Tanah Abang Tel: +62-21 5289 5000 Tel: +65 6796 7200
Jakarta Pusat 10250
Indonesia S&P Global Ratings
Tel: +62-21 392 2332 (Hunting) Singapore Pte. Ltd.
Fax: +62-21 392 3003 12 Marina Boulevard #23-01
Marina Bay
Financial Centre Tower 3
Singapore 018982
Tel: +65 6530 6401
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Sustainability 82 Sustainability 84 Sustainability Policy 84 2024 Achievements 86 Community Development Highlights
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05 Food Security Program, Anambas, Riau Islands
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Sustainability
This chapter provides an overview of MedcoEnergi’s 2023-2027 roadmap. Sustainability remains a strategic
Sustainability Policy, initiatives and achievements in focus, and we continue to advance initiatives that drive
2024. The information presented here is supplemented our KPIs and net zero emissions targets, as outlined in our
by the MedcoEnergi Sustainability Report 2024, which Climate Change Strategy issued in 2021.
offers comprehensive insights into our sustainability and
ESG performance and progress on climate actions, Key In early 2024, we introduced our Human Rights Policy,
Performance Indicators (KPIs) and goals. The Sustainability reinforcing our commitment to respecting human
Report 2024 is accessible at www.medcoenergi.com. rights in accordance with international agreements and
domestic laws. This policy consolidates our previous
MedcoEnergi’s Sustainability Policy is built on three human rights-related frameworks into a unified corporate
core pillars: Leadership of and by Our Employees, policy. Developed through extensive internal and external
Environmental and Social Development and Local consultations, it ensures a well-rounded perspectives on
Community Empowerment. As the foundation that responsible business practices. In 2024, we conducted
interconnects and strengthens all pillars, our governance several awareness-raising sessions to enhance our
framework encompasses Anti-Bribery & Corruption, employees’ understanding of human rights in business
Human Rights, Public Policy, Socio-economic operations.
Compliance, Supply Chain Management, and Enterprise
Risk Management, enabling ethical and responsible In 2024, we also took the first steps toward establishing our Just
business practices across our operations. Originally issued Transition Plan which outlines strategies to mitigate the social
in 2018 following extensive stakeholder consultations, impacts of decarbonization on workers and communities
the policy was updated in 2020 to align with evolving while fostering opportunities in the low carbon economy.
sustainability priorities.
Engagement remains central to our sustainability
Our Sustainability Journey strategy. We actively collaborate with communities,
Over the past 10 years, sustainability expectations have investors, suppliers, buyers, NGOs, and government
evolved rapidly, particularly within the financial services stakeholders to better understand our responsibilities
sector. Recognizing this shift, MedcoEnergi structured its and adapt to the evolving sustainability landscape.
sustainability approach by initiating our first materiality As part of our commitment to transparency, we
assessment in 2018, which laid the foundation for our 2018- continuously align with international disclosure
2022 roadmap. This was supported by the establishment frameworks by enhancing our sustainability-related
of governance structures, policies, procedures, and financial reporting capabilities.
organizational capabilities to drive implementation.
Our efforts have been recognized by international ratings
Building on this foundation, we conducted a double agencies. In 2024, MSCI upgraded MedcoEnergi’s ESG
materiality assessment in 2022 to update our priority rating to ‘AA’ from ‘A’, placing us in the “leader” category.
issues. This assessment played a key role in integrating This upgrade underscores our ability to manage significant
sustainability into our business strategy and shaping our ESG risks effectively.
Organic Vegetable, South Sumatra
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Benchmarking Safety Performance
Medco Oil & Gas and Power, Total Recordable Injury Rate 2017-2024
1.40
1.20
0.96 0.99
1.00 0.92 0.90
0.84
0.77
0.80 0.75 0.72 0.70
0.69
0.70 0.60 0.77
0.58 0.59 0.69
0.60 0.56 0.48 0.66
0.58
0.44 0.46
0.40 0.39
0.35 0.33 0.33 0.33
0.31 0.29
0.24
0.21
0.20 0.15 0.18 0.16
0.10
0.00 0.00 0.00
0.00
2017 2018 2019 2020 2021 2022 2023 2024
Medco Consolidated Medco Oil & Gas Medco Power IOGP Asia/Australasia IOGP Overall
Health and safety remain our top priorities and we take assured our Scope 3 emissions for the first time in the
pride in maintaining world-class safety performance. In 2024 Sustainability Report.
2024, we recorded zero fatalities for the fourth consecutive
year and reduced Tier 3 Process Safety Events (PSE) by MedcoEnergi is progressing CCS initiatives to enable high
30% through continuous process safety improvements. CO2 gas field developments and support Indonesia’s low-
Our TRIR remained consistently low at 0.16, reflecting our carbon transition. We are assessing three key projects:
strong commitment to safety excellence. Arung Nowera gas field development in South Sumatra
PSC, Sambar gas field development in Corridor PSC, and
Recognizing the social impact of our business activities, a regional CCS Hub in the South Natuna Sea Block B PSC.
we have implemented a Social Management System These projects support our emissions reduction targets
to proactively manage social risks and impacts. We and position our PSCs as potential CO2 storage hubs for
are committed to upholding high standards in social carbon-intensive industries in the region.
responsibility and implementing comprehensive
safeguards. CCS is essential for unlocking high CO2 gas field
development and achieving emission reduction targets.
Climate Actions By exploring CCS as part of our climate actions, we are
We continue to strengthen our Greenhouse Gas (GHG) strengthening our commitment to a responsible energy
emissions reductions efforts. In the Oil & Gas sector, we transition.
achieved our 2025 targets for Scope 1 and Scope 2 GHG
emissions, along with methane emissions reductions— Collaboration is essential to achieving climate targets.
two years ahead of schedule in 2023. We maintained the In 2024, MedcoEnergi joined the United Nations Global
performance in 2024 and remain on track to meet our Compact, reinforcing our commitment to responsible
interim 2025 and 2030 climate targets across Oil & Gas corporate practices in human rights, labor, environmental
and Power operations. protection, and anti-corruption.
In 2024, we completed a quantitative assessment of We also participated in the 2024 Indonesia International
physical climate risks for the Corridor Block and the Sustainability Forum and Singapore International Energy
Riau gas-fired power plant, as well as the quantitative Week, sharing insights and solutions to address future
assessment of transition risks to better understand the energy challenges. Additionally, we were part of the
potential impact of climate change on our businesses. Indonesian Government delegation at COP29 (Conference
These milestones align with our long-term goal of of the Parties) in Baku, Azerbaijan, where we presented
achieving net zero emissions for Scope 1 and Scope 2 our strategies for emissions reduction, energy transition,
by 2050 and for Scope 3 by 2060. We also disclosed and and climate risk management.
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Sustainability
Sustainability Policy 2024 Achievements
Our sustainability policy comprises three pillars: In 2024 we achieved 95% of our KPIs and targets for the
year, as set out in our sustainability road map for 2023 to
Leadership of and by Our Employees 2027.
Our people are our most valuable asset. They are the keystone
of our operations and our future success. Therefore, we must We are on-track to achieve our climate interim targets for
recruit diverse talent from all backgrounds who possess 2025 and 2030, including the target for renewable energy
the right skillsets and ethical values. We are committed to mix installed capacity.
maintaining a healthy, safe workplace built upon a culture
of mutual respect. To be successful, we will develop the ESG Ratings
capacity of all of our employees while recognizing and • Awarded improved MSCI ESG rating of AA (leader
rewarding individual performance and expecting personal category) from A in 2024.
accountability. All levels of our management are expected • As of 2024, we maintained a Sustainalytics ESG
to set clear directions towards our expectations. risk rating of 29.1 (medium risk), ranking 22nd out
of 294 peers. In April 2025, we received an updated
Environmental and Social Development Sustainalytics ESG Risk Rating, which increased
As a responsible corporate citizen, we are committed to 38.5, placing us back in the ‘high’ risk category
to complying with all applicable laws and regulations, from the previous ‘medium’ category. We believe
and aligning our health, safety and environmental the change in rating is primarily due to a change in
management with industry best practices and relevant Sustainalytics’ methodology, and that although the
international standards. We regularly set and monitor our Oil & Gas industry, and country exposures to ESG
goals and performance to achieve zero injuries, illnesses risks is high, our overall management of material
and environmental incidents and the reduction of waste ESG issues is still rated strong by Sustainalytics.
and emissions. We are currently requesting clarification and a re-
assessment from Sustainalytics.1
We seek to continually strengthen our operational • Maintained B score for CDP Climate Change
excellence by enhancing our safety culture, stakeholder (management-level band).
engagement, environmental stewardship and the
adoption and development of best practices. Governance
• Completed quantitative climate change physical
We are committed to complying with all applicable laws risk assessment for Corridor Block and Riau gas-fired
and regulations, to respecting human rights in line with power plant.
the UN Guiding Principles for Business and Human Rights • Established Human Rights and Anti Money-
and the Voluntary Principles on Security and Human Laundering policies.
Rights, and to learning from and applying industry best • Formed a Corporate Ethics and Compliance
practices and relevant international standards. Committee reporting to the BOD.
• Strengthened social and security management
Local Community Empowerment system.
MedcoEnergi endeavours to be a leading company • Enhanced integrated platform for social and security
in social practices and responsibility wherever we monitoring.
operate. We engage regularly, openly and honestly with • Collaborated with stakeholders on anti-corruption
stakeholders to share, hear and understand each party’s initiatives and industry integrity.
views and concerns. We respond by making community • Obtained ISO 37001:2016 certification for anti-bribery
investment decisions in a strategic, fair and transparent management system in Medco Oman KSF and Riau
manner as we seek to empower and support the gas-fired power plant.
creation of self-reliant communities aligned with the UN • Fully integrated the ISO 37002:2021 whistleblower
Sustainable Development Goals. management system.
1
Please refer to the disclaimer on page 131
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ENERGY FOR GROWTH
People 1. Business leaders program: external programs in
• Intensified the Medco Leadership Behaviors sustainability, ESG, climate change and biodiversity
campaign. provided by internationally renowned organizations.
• Strengthened supplier engagement in sustainability 2. Focused groups program: GRI-certified training in
and climate change. sustainability, climate training focused on climate risk,
• Enhanced employee capabilities in sustainability carbon accounting, technologies and best practices
and climate change through specialized training. for management of greenhouse gas emissions, carbon
• Provided sustainability and climate change training removals and offsetting, nature and the just transition,
to 2,800 employees through three e-learning carbon pricing and sustainable finance; integration of
modules. climate and sustainability topics into existing programs
• Required contractors to formally commit to the for functions including the Business Apprentice Program
MedcoEnergi Code of Conduct. and the Project Management Academy.
• Extended the Conflict of Interest Declaration 3. Workforce capability development program:
requirements to contractors. e-learning modules covering three fundamentals of
sustainability and climate change topics for all staff levels
Environmental and Social Development and a ‘lunch and learn’ seminar on climate change.
• Assured and disclosed 2024 Scope 3 greenhouse gas
emissions. Vendor Training
• Initiated the Just Transition Plan. As part of our commitment to responsible business
• Implemented 43 GHG Emission Reduction initiatives, practices, we actively engage with our supply chain to
reducing emissions by up to 181,727 tCO2e/year and enhance sustainability capabilities:
achieving a one-time reduction of 53,713 tCO2e. 1. Vendor Day: An annual platform to highlight our
• Reduced methane emissions by up to Sustainability Policy and Climate Change Strategy,
10,092 tCO2e/year with a one-time reduction of including our goal to reach net zero Scope 3 greenhouse
4,422 tCO2e from well clean-up and testing activities. gas emissions by 2060.
• Delivered progress across our renewables portfolio. 2. Collaborative contractor engagement: MedcoEnergi
conducted a sharing session on sustainability and
Training sustainable procurement at an ESG Day held by one
of our key contractor, in November 2024. Beyond
Employee Training knowledge-sharing, the event marked a strategic move
We continue to prioritize reskilling and upskilling our to collaborate with vendors who have disclosed their
colleagues at all levels to participate in the energy greenhouse gas emissions, in line with MedcoEnergi’s
transition. Our key initiatives in 2024 include: Climate Change Strategy.
Medco Mengajar Program, Tarakan, North Kalimantan
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Community Development
Highlights
Investing in Communities for Sustainable areas: health, education, environment, economy, and
Impact infrastructure. Through inclusive engagement and long-
At MedcoEnergi, we believe that our role as a responsible term partnerships, We aim to help building resilient
energy company goes beyond operational excellence – communities, foster social well-being, and offer our
it includes a steadfast commitment to empowering the employees a deeper sense of purpose. Guided by strong
communities where we operate. In 2024, our community ethical principles and corporate responsibility, our
development programs continued to drive positive and approach creates shared value for both MedcoEnergi
sustainable change through investments in five key and local stakeholders.
Health & Education
Expanding Access to Healthcare in Remote Areas Combating Tuberculosis Nationwide
In South Sumatra, MedcoEnergi collaborated with In partnership with Stop TB Partnership Indonesia and the
the Musi Banyuasin District Health Service to launch Indonesian Association Against Tuberculosis (PPTI), Medco
a mobile health program targeting underserved Foundation continue its efforts to eradicate tuberculosis
communities. The initiative delivers essential services— (TB). According to the World Health Organization, Indonesia
ranging from general consultations and medication to recorded approximately one million TB cases in 2023 –
immunizations and specialist check-ups by dentists, making it the country with the second highest number of
dermatologists, and nutritionists. This program has cases globally, after India. Our program reached 12 provinces
been particularly impactful for residents in remote and 62 districts, mobilizing hundreds of community health
areas, who face challenges in accessing hospitals or workers who successfully identified 147,870 TB cases in 2023.
health centers. Additionally, we supported the Jakarta Respiratory Centre in
providing annual treatment for approximately 200 confirmed
TB patients.
Health screening education, Musi Banyuasin, South Sumatra
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Environment
Promoting Renewable Energy Awareness in Thailand a n d r e n ewa b l e e n e r gy a m o n g st u d ents a nd
Through collaboration with the Chumphon Provincial te a c h e r s. Th e p r ogra m r e ce ive d po si ti ve
Energy Office, we implemented a year-long educational fe e d b a c k , w it h st u d e n t s r e p o r t in g incre a se d
campaign at Ban Nacha-ang School in Thailand. The k n ow l e d ge a n d t h e a d op t ion of e n e r g y -savi ng
initiative focused on raising awareness about conservation p ra c t ice s a t h o m e .
Ban Nacha-ang School, Chumphon, Thailand
Infrastructure
Enhancing Clean Water Access in Bangkanai This program has enabled the affordable and sustainable
To address the pressing issue of limited access to safe distribution of clean drinking water, benefiting dozens
drinking water, MedcoEnergi implemented the Refillable of households. Beyond health improvements, it has
Drinking Water Program in Rahaden Village, Bangkanai, also opened new income opportunities by empowering
Central Kalimantan. The initiative focuses on improving both local residents to manage and operate the water system
public health and local economic resilience by constructing independently. The initiative reflects our continued
water treatment facilities, providing community training, commitment to supporting essential infrastructure to
and establishing a community-managed water business. build long-term community resilience.
Refillable drinking water program, Rahaden Village, Bangkanai, Central Kalimantan
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Economy
Our community development programs in 2024 waste into value-added products, diversifying income
focused on expanding economic opportunities and sources and enhancing local economic resilience.
driving inclusive local development. By improving food
security, increasing household incomes, and fostering Promoting Women Entrepreneurs through Herbal
entrepreneurship, these initiatives empowered Product Innovations
women and communities to play a central role in In Mamburungan Timur, Tarakan, collaboration with the
strengthening economic resilience and long-term Hidayatullah Women Farmer Group (Kelompok Wanita Tani)
sustainability. supported 25 participants in developing sustainable herbal
products. This initiative fostered economic independence
Women-Led Food Security in East Aceh and business growth. By 2018, the group became self-
In East Aceh, we introduced a sustainable food reliant with support from local institutions. Their products
garden program involving 94 women from Alue Siwah have been featured in exhibitions and corporate events,
Serdang Village in Nurussalam District and Panton with plans to further strengthen the group through facility
Rayeuk T Village in Banda Alam District. Organized upgrades, leadership development, and market expansion.
into two women farmer groups, participants received
seeds, farming tools, and practical training to cultivate Sustainable Livelihoods in the Anambas Islands
vegetables and secondary crops. This initiative has In collaboration with SKK Migas, MedcoEnergi launched
significantly improved household food availability and the SUAR (Sustainable Rural-Smallholder Empowerment)
income, while highlighting the important role of women Program in Langir Village, Palmatak District, Anambas
in advancing food security at the community level. Islands. The initiative supports 20 coastal households
through alternative livelihoods such as mangrove crab
Value Creation Through Traditional Food Products in farming and stingless beekeeping. Using a field school
Tarakan approach, participants received hands-on training in
In North Kalimantan, we trained women farmer groups cultivation, harvesting, and product marketing. The
in Mamburungan and Mamburungan Timur to produce program improves income stability while promoting
Amplang (traditional fish crackers) using unsold fish from environmental stewardship through responsible use of
local farms. With 30 participants, this program transformed the mangrove ecosystem.
Mangrove crab farming, Langir Village, Anambas, Riau Islands
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Organic System Rice Intensification, Aceh
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Corporate
Governance
92 Principles
92 General Meeting of Shareholders
94 Board of Commissioners
98 Board of Directors
102 Committees Reporting to the BOC
109 Sustainability & Risk Management
110 MedcoEnergi Code of Conduct
111 Corporate Secretary
113 Corporate Audit & Integrity
Compliance
116 Anti-Corruption
117 Whistleblowing Systems
119 Employees and Management
Shares Ownership Program
121 Material & Affiliate Transactions
122 Independent Accountant
123 Board of Commissioners &
Board of Directors Statement
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Corporate
Governance
Principles
MedcoEnergi applies the Good Corporate Governance (GCG) principles of Transparency, Accountability, Responsibility,
Independence, and Fairness. These are embedded in the Company’s Articles of Association, GCG Implementation
Guidelines, and Code of Conduct.2
Our GCG structure has a segregation of duties between the General Meeting of Shareholders, the Board of Commissioners
(BOC) and the Board of Directors (BOD). The BOC supervises the BOD with the support of four committees: the Audit
Committee, the Nomination & Remuneration Committee, the Sustainability & Risk Management Committee and the
GCG Committee.
Relation Between GCG & CoC Corporate Governance Structure
Shareholders
Vision, Mission and
Corporate Values
Board of Commissioners
Accountability
Delegation
Corporate Governance Code of Conduct Sustainability & Risk
Management Audit Committee
Committee
Manage Organization Manage Employee
Business Conduct Business Conduct Nomination &
Remuneration GCG Committee
Committee
Business and Work Ethics Board of Directors
General Meeting of Shareholders
The highest authority in the Company resides with the shareholders. This authority is exercised through the Annual
General Meeting of Shareholders (AGMS) and, when necessary, through Extraordinary General Meetings of Shareholders
(EGMS). AGMS are the primary forum for shareholders to direct the course of the Company, while EGMS are held on
matters deemed essential by shareholders or management.
In 2024, the Company held its AGMS on Thursday, May 30 at the Soehanna Hall, The Energy Building in Jakarta. Present
at the meeting were holders of 21,402,527,596 (twenty one billion four hundred two million five hundred twenty seven
thousand five hundred ninety six) shares, representing 85.52% (eighty-five point five two percent) of the 25,136,231,252
shares issued by the Company less 109,993,618 (one hundred nine million nine hundred ninety three six hundred
eighteen) treasury shares.
Vote Counting
The Company was assisted by the notary office of Mrs. Leolin Jayayanti, S.H., M.Kn. Notary to count votes and take minutes
at the AGMS.
2
As stipulated in Law No. 8 dated 10 November 1995 regarding Capital Markets; Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability Companies;
Regulation of the Financial Services Authority (POJK) No. 21/POJK.04/2015 dated 16 November 2015 regarding the Implementation of Corporate Governance
Guidelines in Public Companies; Circular Letter of the Financial Services Authority (SEOJK) No. 32/SEOJK.04/2015 dated 17 November 2015 regarding Corporate
Governance Guidelines of Public Companies; POJK No. 29/POJK.04/2016 dated 29 July 2016 regarding Annual Reports of Issuers or Public Companies; SEOJK
No. 30/SEOJK.04/2016 regarding Format and Contents of Annual Reports of Issuers or Public Companies.
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AGMS Decisions and Actions
The table below shows the decisions taken at the AGMS and the actions taken in response.
Decisions of the AGMS May 30, 2024 Action Taken
1 Received and approved the report of Board of Directors and the report of Board of Approved and ratified at the
Commissioners regarding the Company’s activities that have been carried out for the financial AGMS.
year ending December 31, 2023 (“Annual Report”) as well as the ratification of the profit and
loss and balance sheet (“Financial Statements”) for the financial year ended December 31, 2023
which has been audited by the Public Accounting Firm PURWANTONO, SUNGKORO & SURJA
as evidenced from its letter No. 00474/2.1032/AU.1/02/0696-4/1/IV/2024 dated April 1, 2024, with
the opinion “FAIR WITHOUT EXCEPTIONS” and subsequently released (acquit et de charge)
the members of the Board of Directors and Board of Commissioners of the Company from
their responsibilities for the management and supervision of the Company during the relevant
financial year.
2 Approved the utilization of the Net Profit attributable to the Company’s shareholders for the Approved the utilization of
financial year ended December 31, 2023 in the amount of US$330,675,261 (three hundred thirty Net Profit for dividend and
million six hundred seventy-five thousand two hundred sixty-one United States Dollar) with the retained earnings.
following details:
- Distributed 21.18% of the net profit attributable to the equity holders of the parent company Ratified the cash dividend
in 2023, or US$70,045,000 (seventy million forty-five thousand United States Dollar) as a cash interim of US$25,000,000
dividend to all shareholders of the Company. With the interim dividend distributed to the (twenty five million United
Company’s shareholders in December 2023 of US$25,000,000 (twenty-five million United States Dollar) paid on 15
States Dollar) , or equal to US$0.001 (zero point zero zero one United States Dollar) per December 2023.
share, then the final cash dividend distributed is US$45,045,000 (forty-five million forty five
thousand United States Dollar), with the total issued and paid-up capital (excluding treasury The cash dividend of
shares) of 25,024,989,984 (twenty five billion twenty-four million nine hundred eighty-nine US$45,045,000 (forty-five
thousand nine hundred eighty-four) shares, or equal to US$0.0018 (zero point zero zero one million forty-five thousand
eight United States Dollar) per share. United States Dollar) was
distributed to shareholders
- Recorded the remaining net profit of 2023, US$260,630,261 (two hundred sixty million six on 28 June 2024.
hundred thirty thousand two hundred sixty-one United States Dollar), as retained earnings.
The remaining Net
Authorized the BOD to take all necessary actions related to the distribution of cash dividend to Profit attributable to the
each of the shareholders, including announcing the procedures and requirements for the cash Company’s Shareholders of
dividend payment. US$260,630,261 (two hundred
sixty million six hundred
thirty thousand two hundred
sixty-one United States
Dollar) recorded as retained
earnings.
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Performance Discussion and Analysis Activities Profile
Corporate
Governance
Decisions of the AGMS May 30, 2024 Action Taken
3 I. Approved the appointment of Purwantono, Sungkoro & Surja Public Accounting Firm The appointment of public
registered with the Financial Services Authority (OJK) to audit the Balance Sheet, Profit and accountant, Purwantono,
Loss Calculation and other parts of the Consolidated Financial Statements of the Company Sungkoro & Surja was made
and its Subsidiaries for the year ending on December 31, 2024. through a letter of agreement
No. 0054/PSS/09/2024
II. Approved the Delegation of authority to the BOC of the Company to: dated September 9, 2024.
a. Determine the fee amount of the Public Accountant. The total fee for the audit of
b. Appoint a substitute Public Accountant and determine reasonable terms and conditions the Consolidated Financial
for the appointment of a substitute Public Accountant if the Public Accountant appointed Statements of 2024 was
by this AGMS is unable to carry out or continue its duties for any reason, including legal Rp36,500,000,000 (Thirty-six
reasons and laws and regulations in the capital market or if an agreement regarding the billion five hundred million
fee amount cannot be reached. Rupiah).
4 I. Approved the compensation for the BOC and the BOD for the year 2024 (including The Company distributed
tax) effective as of January 1, 2024 to December 31, 2024 with the maximum amount of bonuses, salaries and
US$26,020,000 (twenty six million twenty thousand United States Dollars), including allowances for members of
payments in the form of the Company’s shares with maximum of 40,800,000 (forty million the BOC and BOD in 2024
eight hundred thousand) and ratified the payment of salaries and benefits that have been amounting to US$32,205,207
paid to the BOC and BOD from January 2024 to May 2024. (thirty-two million two
hundred five thousand and
II. Authorized the BOC to determine the policy on the distribution of bonuses, salaries and two hundred seven United
allowances to each member of the BOC and the BOD of the Company, including the States Dollars) (including
determination of other forms of benefits to be given to the BOD of the Company. taxes). This included
compensation in the form
of the Company’s shares
equivalent to 66,811,420 (sixty-
six million eight hundred
eleven thousand and four
hundred twenty) shares.
5 I. Approved the buyback of the Company's shares that have been issued and listed on the As of December 31, 2024,
Indonesia Stock Exchange (IDX) for a maximum of 100,000,000 (one hundred million) the Company bought back
shares or 0.398% (zero point three nine eight percent) of the Company’s issued and paid-up 32,700,000 (Thirty-two million
capital, which will be carried out in accordance with POJK Regulation No. 29 of 2023 on seven hundred thousand)
Shares Buyback by Public Companies. shares with the total cost of
US$2.300.000 (Two million
II. Approved and authorized with substitution rights, either in part or in whole, to the BOD of three hundred thousand
the Company to carry out all necessary actions in connection with the shares buyback of the United States Dollar).
Company.
6 I. Approved the transfer of shares resulting from the buyback by implementing a share Approved and ratified at the
ownership program for employees and/or Directors and BOC of the Company, Subsidiaries AGMS.
and affiliated companies of the Company;
Approved and ratified at the
II. Approved and authorized with substitution rights, either in part or in whole, to the BOD of AGMS.
the Company to carry out all necessary actions in connection with the re-transfer of shares
resulting from the buyback by implementing a share ownership program for employees
and/or the Directors and BOC of the Company, the Company Subsidiaries and affiliated
companies of the Company.
7 Reported to the shareholders regarding Report of the realization and use of proceeds from the This agenda is only a report to
Public Offering. The Seventh Agenda is only a report, therefore there is no voting. shareholders.
Board of Commissioners
The BOC consists of three (3) members. In accordance with the Company Law, BOC Charter, Articles of Association and
Financial Services Authority Regulation, 30% of the total number of BOC members shall be independent. The current
BOC members of the Company are as follows:
Position Name
President Commissioner Yani Y. Panigoro
Commissioner Yaser R. A. Panigoro
Independent Commissioner Marsillam Simandjuntak
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Duties and Responsibilities
The BOC supervises the BOD and provides advice pursuant to the Articles of Association. The BOC supervises risk
management and internal control within MedcoEnergi and ensures that GCG is implemented in an appropriate
manner. The BOC is also tasked with chairing the AGMS, monitoring internal and external audits, the supervision of
risk management, performance evaluations of the BOC and the BOD and the provision of recommendations towards
determining the remuneration of the BOC and BOD. To implement its duties effectively, the BOC has the support of
the Audit Committee, the Sustainability & Risk Management Committee, the GCG Committee and the Nomination &
Remuneration Committee.
Name Title Duties and Responsibilities
• Together with other Commissioners, supervise and provide advice to the BOD to aid it in
carrying out its duties and responsibilities in managing the Company.
President
Yani Y. Panigoro • Chair the Sustainability & Risk Management Committee.
Commissioner
• Member of the Nomination & Remuneration Committee and GCG Committee.
• Chair meetings of the BOC, as well as the Joint BOC & BOD meetings.
• Together with other Commissioners, supervise and provide advice to the BOD to aid it in
Yaser R. A. carrying out its duties and responsibilities in managing the Company.
Commissioner
Panigoro • Member of the Sustainability & Risk Management Committee, the Nomination &
Remuneration Committee and the GCG Committee.
• Together with other Commissioners, supervise and provide advice to the BOD to aid it in
carrying out its duties and responsibilities in managing the Company.
Marsillam Independent
• Chair the Audit Committee, the Nomination & Remuneration Committee and the GCG
Simandjuntak Commissioner
Committee.
• Member of the Sustainability & Risk Management Committee.
BOC Charter
This guideline forms part of the GCG Guidelines and Code of Ethics for the BOC and BOD.
Meetings
In accordance with the Articles of Association and the GCG Guidelines, the BOC is required to meet at least every quarter
and also to hold joint meetings of the BOC and BOD every quarter. The Commissioners are required to attend every
General Meeting of Shareholders.
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In 2024, five BOC meetings were held. These meetings were held concurrently with joint BOC and BOD meetings. All
meetings adopted a hybrid format, allowing for both physical and virtual participation.
Commissioners’ Attendance at Meetings
AGMS
Name BOC Meeting Meeting of BOC with BOD
May 30, 2024
Yani Y. Panigoro 100% 100% Present
Yaser R. A. Panigoro 100% 100% Present
Marsillam Simandjuntak 100% 100% Present
Competency Improvement for the BOC
MedcoEnergi is committed to fostering a highly competent BOC. To achieve this, the Company requires each BOC member
to engage in a range of development activities. These include orientation programs for newly appointed members,
joint visits to operational areas with the BOD, specialized training opportunities, professional association memberships
relevant to the Company’s sector, and participation on external social or academic boards and committees.
In 2024, the BOC actively pursued competency enhancement through operational site visits and continued participation
as members of trustee/ supervisory board of social and/or academic organization outside the Company. Specific examples
of these activities undertaken by BOC members in 2024 will be detailed in the following section:
Name Activities
Yani Y. Panigoro - Serves as Chairwoman of the Indonesia Tuberculosis Eradication Organization (2024 – 2029), Jakarta,
Indonesia.
- Served as Chair of the Board of Trustee of the Bandung Institute of Technology (2019 – 2024), Bandung,
Indonesia.
- Member of the Board of Trustee of Stop TB Partnership Indonesia (2022 – 2027), Jakarta, Indonesia.
- Attended meeting with employees of MedcoEnergi Group in South Sumatra at Palembang, South Sumatra,
Indonesia, March 23-24, 2024
- Visited Donggi Senoro LNG Plant and JOB Tomori, Central Sulawesi, Indonesia, March 25-26, 2024.
- Attended the Opening Ceremony of Pavilion Indonesia at the Conference of Party of the UNFCCC in Baku,
Azerbaijan on November 11, 2024.
Yaser R. A. Panigoro - Chairman of the Board of Trustee of Stop TB Partnership Indonesia (2022 - 2027), Jakarta, Indonesia.
- Member of the Advisory Board of the Partnership of Tuberculosis Eradication Forum (2022 - present),
Coordinating Ministry for Human Development and Culture of the Republic of Indonesia, Jakarta, Indonesia.
Marsillam Member of Board of Trustee of the Indonesia Jentera School of Law, Jakarta, Indonesia (2011 - present).
Simandjuntak
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Performance Appraisal of the BOD and BOC
The performance appraisal of the BOD and the BOC and of each Board member is carried out through the quarterly joint
BOD and BOC jointly meetings, and an annual performance assessment conducted after the publication of the annual
financial report. In conducting annual performance assessments, the Nomination & Remuneration Committee measures
achievement against the main performance indicators and team performance contracts, which were approved by the
BOC at the joint BOC and BOD meetings.
Throughout 2024, the Company maintained its focus on measuring performance against the five key areas outlined in
the 2024 key performance indicators and team performance contracts. The specific results of those measurements are
as follows:
Indicators Target Results
1 HSE and Sustainability 100% 110%
2 Availability and Production of Oil & Gas and Power 100% 100%
3 Company Growth 100% 110%
4 Operational Excellence 100% 100%
5 Financial Performance 100% 100%
Average Results 100% 104%
Nomination & Remuneration Committee plays a critical role in determining appropriate remuneration for the BOC
and BOD. The Committee’s recommendations also consider factors such as Business Development results, individual
member competencies, and alignment with overall company performance. Based on these assessments, the Committee
recommends remuneration packages for each Commissioner and Director to the BOC for the further approval of the
shareholders at the Annual General Meeting of Shareholders.
BOC Assessment on Committees Performance
In carrying out its supervisory duties, the BOC is assisted by the Audit Committee, the Sustainability & Risk Management
Committee, the Nomination & Remuneration Committee and the GCG Committee. The BOC evaluates the members
of each committee at the end of each financial year. In carrying out this assessment, the BOC considers committee
performance and the attendance of each member at meetings.
Throughout 2024, all committees worked optimally in assisting the BOC in supervising the Company and by providing
recommendations. In 2024, all members of each committee were present at all meetings to provide opinions and
approve the agendas.
Attendance of Committees Members at Meetings in 2024
Nomination & Sustainability & Risk
Audit Committee GCG Committee
Name Remuneration Committee Management Committee
Role Attendance Role Attendance Role Attendance Role Attendance
Yani Y.
- - Member 100% Chair 100% Member 100%
Panigoro
Yaser R. A.
- - Member 100% Member 100% Member 100%
Panigoro
Marsillam
Chair 100% Chair 100% Member 100% Chair 100%
Simandjuntak
Hilmi Panigoro - - - - Member 100% Member 100%
Roberto Lorato - - - - Member 100% Member 100%
Anthony R.
- - - - Member 100% Member 100%
Mathias
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Nomination & Sustainability & Risk
Audit Committee GCG Committee
Name Remuneration Committee Management Committee
Role Attendance Role Attendance Role Attendance Role Attendance
Member
Amri Siahaan - - - - - - 100%
Anggota
Independent
Ferry Sanjaya 100% - - - - - -
Member
Independent
Hendry 100% - - - - - -
Member
Cisca W. Alimin - - Member 100% - - - -
Board Of Directors
The BOD consists of five members, one of whom is President Director. The current BOD members were first appointed at
the EGMS on November 25, 2015, and were reappointed at the AGMS on June 25, 2020. The following is the composition
of BOD in 2024:
Position Name
President Director Hilmi Panigoro
Director & CEO Roberto Lorato
Director & CFO Anthony R. Mathias
Director & COO Ronald Gunawan
Director & CAO Amri Siahaan
Duties and Responsibilities of Each Director
Hilmi Panigoro, President Director
Following GCG guidelines, the President Director oversees all Company activities, encompassing development and
operations. In collaboration with the CEO, this leadership role ensures MedcoEnergi’s functioning, management, and
control. This includes implementing work plans and budgets, adhering to relevant laws and regulations, and upholding
communication policies for government and investor relations.
Roberto Lorato, Director and Chief Executive Officer
The Chief Executive Officer (CEO) manages all Company activities, including development and operations, with support
from other Directors who supervise MedcoEnergi’s management. Working closely with the President Director, the CEO
plans, manages, and oversees management supervision. This role also involves planning the work plan and budget and
guaranteeing compliance with applicable laws, regulations, and communication policies regarding government and
investor relations.
The CEO’s responsibilities further extend to exploration, production, marketing, sales, occupational health and safety,
social and environmental programs, budget management, treasury, accounting, corporate finance, HR development,
organization and business processes, strategic planning, and business development. Additionally, the CEO ensures the
development and implementation of Sustainability & Risk Management policies and programs.
Anthony R. Mathias, Director and Chief Financial Officer
The Chief Financial Officer (CFO) oversees and controls the Company’s work plan and budget. This role involves
developing policies and activities related to formulating and evaluating MedcoEnergi’s strategic plan and investment
appraisals. Building relationships with investors is another key responsibility. The CFO also determines, manages,
and controls policies concerning the Finance Directorate’s work plan and the Company budget. This leadership
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role encompasses treasury, accounting, tax, financial management, and preparing financial reports. Furthermore,
the CFO plans, manages, and controls work programs and budgets, monitors performance, oversees MedcoEnergi’s
treasury, accounting policies, financial reports, taxation, and long-term financing policies.
Ronald Gunawan, Director and Chief Operating Officer
The Chief Operating Officer (COO) establishes, manages, and controls MedcoEnergi’s E&P operations and supporting
facilities. This role includes setting the plan for and managing the Oil & Gas assets. The COO also plans, manages,
and controls work plans and budgets for the Operations Directorate, including the Technical Assurance Team and
Project Development Engineering Excellence Team, supporting the operations across the Company and evaluates
its achievements. Developing policies related to Operations, E&P, production, sales and marketing, and corporate
social responsibility falls under the COO’s purview.
Amri Siahaan, Director and Chief Administrative Officer
The Chief Administrative Officer (CAO) establishes, manages, and controls MedcoEnergi’s policies regarding
human resources, education and training, Supply Chain Management, Digital Information Technology, business
processes, and corporate culture. This role includes planning, managing, and controlling the work plan and
budget for the Directorate of Administrative, which consists of sub-directorates for human resources, supply chain
management, relations and security, digital information technology, sustainability development, finance and the
board administration office. The CAO also evaluates the sub-directorates’ achievements and develops policies for
workforce planning, human resource development, and empowerment across all divisions within the Directorate of
Administrative. Additionally, the CAO is responsible for remuneration, industrial relations, developing management
systems, and shaping MedcoEnergi’s corporate culture.
BOD Charter
The charter was updated in 2014 and forms part of the GCG Guidelines and the Code of Ethics for the BOC and the
BOD.
Meetings
In accordance with the Articles of Association and GCG Guidelines, the BOD is required to hold monthly meetings,
to meet quarterly with the BOC and to attend all GMS (General Meeting of Shareholders).
In 2024, there were twelve meetings of the BOD, five meetings of the BOD and the BOC, and one AGMS. All meetings
were held in a hybrid manner, with some Commissioners and Directors attending in person and some virtually.
Directors’ Attendance at Meetings
AGMS
Name BOD Meeting Meeting of BOD with BOC
May 30, 2024
Hilmi Panigoro 100% 100% Present
Roberto Lorato 100% 100% Present
Anthony R. Mathias 100% 100% Present
Ronald Gunawan 100% 100% Present
Amri Siahaan 100% 100% Present
Competency Improvement for the BOD
The Company requires each Director to improve their skills by following the orientation program provided for
new Directors, training in a particular field and becoming a member of a professional association related to the
industry in which the Company operates. The Company also views the participation of a director in providing
training to practitioners or students as a form of competency improvement.
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Name Training in 2024
- Participated at the 2024 United Nations Climate Change Conference, Baku, Azerbaijan, November 10-15, 2024.
- Attended and presented at Capital Markets Day MedcoEnergi, Jakarta, September 11-12, 2024.
- Attended and presented at the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, South
Tangerang, May 14-15, 2024.
- Attended and presented at the Pertamina Hulu Energi, Jakarta, May 20, 2024.
- Attended and presented at the SKK Migas Inspirational Talks, Jakarta, August 1, 2024.
- Attended and presented at the Institute for Essential Services Reform (IESR) & Indonesia Clean Energy Forum (ICEF)
Bimasena, Jakarta, July 2, 2024.
- Attended and presented at the Focus Group Discussion and Masyarakat Energi Terbarukan Indonesia (METI), Jakarta,
Hilmi 13 December, 2024.
Panigoro - Attended and presented at the Indonesia Management Summit 2024 Ikatan Alumni Program Pascasarjana Ilmu
Manajemen (ILUNI PPIM), Jakarta, August 26, 2024.
- Participated in a Sharing Session Level Executives SABIC (Saudi Basic Indonesia Corporation), Jakarta,
September 9, 2024.
- Attended and presented at the Thunderbird, Jakarta, July 9, 2024.
- Attended and presented at the Thunderbird School of Global Management Workshop, Jakarta, April 25, 2024
- Attended and presented at the Asosiasi Pengusaha Indonesia (APINDO – Pengusaha Mengajar, Jakarta,
January 31, 2024.
- Participated in MedcoEnergi Safari Ramadhan, Batam, March 19-20, 2024 and JOB Tomori & DSLNG,
March 25-26, 2024.
· Attended and presented at the APPEC S&P Global conference, Singapore, September 9-11, 2024.
- Attended the Association of the Electricity Supply Industry of East Asia and Western Pacific (AESIEAP) CEO
Conference, Singapore, September 22-23, 2024.
Roberto - Attended and presented at the Singapore International Energy Week & Singapore Energy Market Authority (EMA),
Lorato Singapore, October 21-24, 2024.
- Attended and presented at the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, South
Tangerang, May 14-16, 2024.
- Attended and presented at the Capital Markets Day MedcoEnergi, Jakarta, September 11-12, 2024.
- Attended and presented at the Maybank ASEAN Corporate Day, Penang, April 11-12, 2024.
- Attended and presented at the Barclays ESG Emerging Markets Corporate Day June 26, 2024.
- Attended and presented at the JP Morgan ASEAN Energy Day, July 10-12, 2024.
- Attended and presented at the Morgan Stanley 23rd Annual Asia Pacific Summit, Singapore, November 20-21, 2024.
Anthony R.
- Attended and presented at the Mandiri Investment Forum 2024, Jakarta, March 6, 2024.
Mathias
- Attended and presented at the Deutsche Bank Indonesia Credit Connect, Jakarta, August 22-23, 2024.
- Attended and presented at the Capital Markets Day MedcoEnergi, Jakarta, September 11-12, 2024.
- Attended and presented at the Nomura x Verdhana Indonesia Conference 2024, Jakarta, November 7-8, 2024.
- Attended the LSE Online Course on Sustainability, Environment, Economy & Society, February 21, 2024.
· Attended and presented at the Schlumberger - SLB Digital Forum 2024, Monaco, September 16-19, 2024.
- Attended at the Singapore International Energy Week (SIEW) 2024, Singapore, October 21-25, 2024.
- Attended and presented at the Capital Markets Day MedcoEnergi, Jakarta, September 11-12, 2024.
- Attended and presented at the 8th Indonesia-Japan Energy Forum, Bali, December 4-5, 2024.
- Participated in the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, South Tangerang,
May 14-16, 2024.
- Attended and presented at the Indonesia Oil & Gas Supply Chain Management Summit 2024 (IOG SCM Summit
2024), July 3-4, 2024.
Ronald
- Attended and presented at the IAGI-CEO Talks 53rd IAGI Annual Scientific Meeting, Balikpapan, October 8, 2024.
Gunawan
- Attended and presented at SKK Migas Gas Seller and Buyer Collaboration Forum, Bandung, June 18, 2024.
- Attended and presented at the 2024 National Gas Forum, Bandung, June 20-21, 2024.
- Attended and presented at the Workshop on POD II Plan Bangkanai Block (Medco & SKK Migas), Bandung,
September 11-12, 2024.
- Attended the Sail Away Ceremony of FPSO Marlin Natuna, Forel Project (Medco E&P Natuna Ltd & SKK Migas), Batam,
September 30, 2024.
- Participated in MedcoEnergi Safari Ramadhan, site visit to Grissik Plant, March 22-23, 2024 and JOB Tomori & DSLNG,
March 25-26, 2024.
· Attended and presented at the 2024 United Nations Climate Change Conference, Baku, Azerbaijan,
November 10-15, 2024.
- Attended at the Singapore International Energy Week (SIEW) 2024, Singapore, October 21-25, 2024.
- Attended and presented at the Capital Markets Day MedcoEnergi, Jakarta, September 11-12, 2024.
Amri - Participated in the Indonesia Petroleum Association Convention & Exhibition in Ice BSD City, South Tangerang,
Siahaan May 14-16, 2024.
- Attended and presented at Supply Chain & National Capacity Summit 2024, Jakarta, August 16, 2024.
- Attended and presented at the MedcoEnergi National Media Engagement 2024, Ancol, Jakarta, November 30, 2024.
- Participated in MedcoEnergi Safari Ramadhan, site visit to Sarulla Geothermal, March 21-22, 2024 and Palembang,
March 23-24, 2024.
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Supporting the Board of Directors
MedcoEnergi fosters a collaborative environment to ensure the BOD has the necessary resources to fulfill its oversight
responsibilities. This support is delivered through:
1. Dedicated Teams: Each BOD member benefits from a dedicated support team, enabling efficient and structured
information flow.
2. Regular Communication: Weekly meetings occur within individual support teams and across the BOD, Business
Unit Directors, Senior Vice Presidents, and Vice Presidents. These sessions facilitate in-depth discussions on company
operations, fostering informed decision-making.
This dynamic approach empowers the BOD to stay abreast of critical issues and provide effective strategic guidance for
MedcoEnergi’s continued success.
Nomination and Remuneration of the BOD and BOC
In accordance with the Company’s Articles of Association, nominations to the BOD and BOC and proposals for the
remuneration of Commissioners and Directors must be submitted at the AGMS or at an EGMS for approval by the
shareholders. The BOC is assisted by the Nomination & Remuneration Committee in nominating candidates for the BOD
and BOC and in proposing remuneration for each member of the BOD and BOC.
Nomination Process
The nomination process for members of the BOD and BOC of the Company is carried out by considering the following
requirements:
a. The candidate must be of good character, morals, and integrity;
b. The candidate must be capable of complying with laws and regulations;
c. Within five years prior to the appointment and while serving, the candidate:
1. has never been declared bankrupt;
2. has never been a member of a BOD and/or BOC that was found guilty of causing a company to be declared
bankrupt;
3. has never been convicted of a criminal act detrimental to state finances and/or related to the financial sector;
4. has never been a member of a BOD and/or BOC which during his or her tenure:
i. did not hold an AGMS;
ii. had its report to the GMS rejected by the GMS and/or did not provide accountability to the GMS; and
iii. caused a company that obtained a permit, approval or registration from the OJK to fail to fulfill the obligation
to submit an annual report and/or financial report to the OJK.
d. The candidate must be committed to complying with laws and regulations;
e. The candidate must have knowledge and/or expertise in Oil & Gas, Power, Copper & Gold Mining production and
finance.
After interviews and input from other parties, candidates for the BOD and/or BOC will be evaluated by the Nomination &
Remuneration Committee, which will then provide recommendations to the BOC for the appointment of the candidate
at a GMS.
Proposing and Approving Remuneration
Proposals for remuneration of members of the BOD and BOC are prepared by the Nomination & Remuneration
Committee. They are then put forward by the BOC at the AGMS and approved by shareholders.
1. Determining Remuneration
In determining the remuneration of each member of the BOD and BOC, the Nomination & Remuneration Committee
considers annual performance, scope of work, duties and responsibilities and best practices in the industry.
2. Remuneration Structure
The remuneration of the BOD and BOC consists of salary, allowances and performance incentives/bonuses.
Performance incentives/bonuses are given to members of the BOD and BOC in the form of cash and Company shares
under the Share Ownership Program to Management (MSAP).
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Governance
The MSAP scheme was introduced in order to encourage the members of the BOD and BOC to achieve and sustain
long term profitable financial performance. However, Company shares are not given to Independent Commissioners;
to maintain their independence.
3. Amount of Remuneration
At the AGMS on May 30, 2024, shareholders approved the salaries and allowances for members of the BOD and BOC
for 2024 (including taxes), effective from January 1, 2024 to December 31, 2024, with an aggregate maximum amount
of US$26.02 million, including payment in the form of Company’s shares in the maximum total of 40,800,000 shares.
The Company paid an aggregate actual remuneration of US$32.2 million in 2024 to the BOD and BOC, including payments
in the form of 66,811,420 of the Company’s shares.
Committees Reporting to the BOC
Good Corporate Governance Committee
In 2014, in accordance with the GCG Committee Charter signed by the BOC on February 5, 2014, the BOC established the
GCG Committee. The Committee provides the BOC with assistance in supervising, monitoring, and ensuring consistent
implementation of GCG and corporate values practices at all levels of MedcoEnergi.
Duties and Responsibilities of the GCG Committee
As outlined in the Charter, the GCG Committee has the following key responsibilities and duties:
1. Reviewing and evaluating the GCG principles and standards to be implemented in the MedcoEnergi Group;
2. Periodically reviewing GCG policies set by the BOD to ensure they are in line with GCG principles and recommending
adjustments, amendments and improvements as required;
3. Evaluating any potential conflict of interest or any other potential violation within the BOD of the MedcoEnergi Group
and recommending any action to be taken;
4. Reviewing the BOD’s annual report on the implementation of GCG practices;
5. Promoting consistent implementation of GCG practices, with Committee members acting as role models for the
MedcoEnergi Group.
Membership Structure
The BOC decides the membership of the GCG Committee. The Committee must comprise at least five members, three of
whom must be members of the BOC and two of the BOD. An Independent Commissioner is responsible for chairing the
Committee. Based on BOC Resolution of November 1, 2017 concerning MedcoEnergi’s Organizational Chart, as modified
by BOC Memo of October 26, 2021 on New Corporate Boards and the Committee Organizational Chart, the composition
of the GCG Committee is as follows:
Position Name
Chair Marsillam Simandjuntak – Independent Commissioner
Member Yani Y. Panigoro – President Commissioner
Member Yaser R. A. Panigoro – Commissioner
Member Hilmi Panigoro – President Director
Member Roberto Lorato – CEO
Member Anthony R. Mathias – CFO
Member Amri Siahaan – CAO
Secretary Ronny Siahaan – Senior Manager Audit and Integrity Compliance
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Implementation of Duties and Responsibilities
The GCG Committee plays a critical role in upholding MedcoEnergi’s high standards of corporate governance and
compliance. On December 12, 2024, the Committee convened its annual meeting to assess the effectiveness of various
initiatives:
1. Governance Assurance Framework: The Committee reviewed the ongoing efficacy of the Governance Assurance
Framework, ensuring its continued effectiveness in maintaining strong corporate governance practices throughout
the organization. In year 2024, we expanded the annual affirmation process by implementing the following items:
· Contractors Statement of Ethical Compliance signed by contractor’s management (69%), E&P Domestic (54%),
MPI (49%) and MTBL (Bualuang, Thailand) (59%). In total we reached about 54% of our contractors.
· Conflict of Interest for service contractors’ in Onshore, Offshore and Corridor reached of 3,391 service contractors
workers (79 contracts).
2. Anti-Bribery Management System: The Committee evaluated the implementation and adherence to international
standards for anti-bribery management systems, as outlined by ISO 37001:2016. We succeed in obtain 2 new
certifications of ISO 37001:2016 at Medco Oman LLC and Medco Ratch Power Riau (MRPR - one of the subsidiaries of
MPI) in year 2024. In total we have 11 certifications of ISO 37001:2016.
3. GRI Standards Compliance: The Committee assessed the Company’s progress in implementing the Global Reporting
Initiative Standard for Governance (GRI 205 on Anti-Corruption), GRI 2-23 relates to disclosure of policy commitments
for responsible business conduct, GRI 2-24 relates to disclosure of how Company’s commitments for responsible
business conduct are embedded throughout the company’s activities and business relationships.
4. Stakeholder Collaboration: The Committee evaluated the effectiveness of collective action initiatives undertaken
with various stakeholders, including professional associations and local communities, to promote and implement
anti-corruption measures. In 2024, for collective actions related to local business development at Corridor, we
collaborated with Transparency International Indonesia (TII).
5. Whistleblowing Management System (WMS): In 2024, the Committee evaluated the implementation of the WMS
with the international standard ISO 37002:2021 in which we are developing umbrella policies related to Whistleblowing
Policy, Whistleblowing Management System Manual and Investigative Examination Procedures.
6. Personal Data Protection Policy and Anti-Money Laundering (AML) Workshop: The Committee appraised the
development of umbrella policy of Personal Data Protection issued in Q1-2024, and AML workshop conducted in
December 2024 for Corporate Treasury, Business Development and Finance Medco Power.
The 2024 GCG Committee meeting attendance was as follows:
Name Number of Meetings Meetings Attended Percentage Reason for Absence
Marsillam Simandjuntak 1 1 100% –
Yani Y. Panigoro 1 1 100% –
Yaser R. A. Panigoro 1 1 100% –
Hilmi Panigoro 1 1 100% –
Roberto Lorato 1 1 100% –
Anthony R. Mathias 1 1 100% –
Amri Siahaan 1 1 100% –
Ronny Siahaan 1 1 100% –
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Audit Committee
The Audit Committee takes the lead in assisting the BOC in fulfilling its responsibilities to oversee business ethics,
financial reporting, risk management, internal control, management of internal and external auditors, and to ensure
compliance with prevailing laws and regulations.
Membership Structure
The Audit Committee consists of three members, including one Independent Commissioner and two non-Commissioner
members appointed from outside the Company.
On August 29, 2022, based on BOC Resolution No. RESO-045/MGT/MEDC/VIII/2022, Hendry and Ferry Sanjaya were
reappointed as members of the Audit Committee for a period of three (3) years beginning July 1, 2022. Effective
November 4, 2022, based on BOC Resolution No. RESO-051/MGT/MEDC/XI/2022, Marsillam Simandjuntak took on the
role of Chair of the Audit Committee.
November 4, 2022–December 31, 2024
From November 4, 2022, to the present, the composition of the Company’s Audit Committee is as follows:
Position Name
Chair Marsillam Simandjuntak – Independent Commissioner
Member Ferry Sanjaya
Member Hendry
Secretary Ronny Siahaan – Senior Manager Audit & Integrity Compliance
Profiles of Audit Committee Members
Ferry Sanjaya, an Indonesian citizen, was born in Lebak on February 17, 1971, and holds a bachelor’s degree in accounting
from STIE Jayakarta (1994). An experienced professional in Accounting and Consolidated Reporting within the Oil and
Gas and Energy sectors, with 20 years of tenure at PT Medco Energi Internasional Tbk in managing financial reports and
consolidation, regulatory compliance and operational efficiency. He also serves as a member of the Audit Committee
of PT Medco Power Indonesia, as CEO of PT Indonesia Hijau Dwidaya and as Finance Director of PT Indonesia Hijau
Papan.
Hendry, an Indonesian citizen, was born in Jakarta on December 8, 1978. He holds a bachelor’s degree in accounting
from Atma Jaya Catholic University, Indonesian licenses Ak, CA and CPA, and the AP from the Ministry of Finance. He
acts as the lead auditor for several oil and gas companies at Pertamina E&P and oil trading companies. He is currently
a member of the Audit Committee of PT Medco Power Indonesia and is Managing Partner and Assurance Leader at
KAP Hendry, Ferdy & Rekan.
For a profile of Ronny Siahaan please see the Internal Audit Section of Chapter 6 page 113. For a profile of Marsillam
Simandjuntak please see Chapter 4 page 57.
Independence of the Audit Committee
All members of the Audit Committee are independent and have no affiliate relationships with members of the BOC or
BOD that might affect their ability to perform independently.
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Audit Committee Training and Competency Development in 2024
Member Training and Competency Development Date
Talenta HR 101 - Mekari Jurnal:
January 17, 2024
Socialization of Average Effective Rate (TER) PPh Psl 21 Rules
Webinar Jurnal Growth 2.0 Supply Chain Management Series:
June 19, 2024
Production Optimization Bill of Materials, Work Order & Inventory Management
Ferry Sanjaya
Mekari Conference 2024:
September 10, 2024
Sustainable Growth Through Limitless Digital Innovation
IEO FEB UI (University of Indonesia) Indonesia Economic Outlook 2025 National Seminar:
December 2, 2024
Beyond the Ballot: Redefining Indonesia’s Economic Prosperity Under the New Government
2024 General Election Campaign Fund Report Audit Training for Public Accountants January 12, 2024
Continuing Professional Education (CPE) Companion for Mandatory CPE PPPK 2024 July 10, 2024
Mandatory Continuing Professional Education (CPE) Public Accountant PPPK 2024 - Batch 4 July 25, 2024
Continuing Professional Education (CPE) Financial Services Authority (OJK) Capital Market
July 29, 2024
Sector Accounting and Audit Aspects Related to Mutual Funds Including Sharia Mutual Funds
Continuing Professional Education (CPE) Financial Services Authority (OJK) Non-Bank Financial
Industry (IKNB) Accounting and Audit Aspects in Pension Fund Financial Reports Including July 30, 2024
Sharia Pension Funds
Hendry
Reporting With the GRI Standards 2021 Update - National Center for Corporate Reporting
September 10, 2024
(NCCR)
Certified Sustainability Reporting Assurrer+ (CSRA+) Training - National Center for Corporate
October 10, 2024
Reporting (NCCR)
Continuing Professional Education (CPE) Audit of Campaign Funds for the Election of Governor
and Deputy Governor, Regent and Deputy Regent, and Mayor and Deputy Mayor in 2024 for November 4, 2024
Public Accountants
Recognition Program (RPL) Certified Professional Management Accountant November 30, 2024
Rights of the Audit Committee
To carry out its duties, the Audit Committee has full access to all assets, personnel data, documents, facilities and funding
documents relevant to MedcoEnergi. The Audit Committee carries out its duties by working closely with the Corporate
Audit and Integrity Compliance Division and with the approval of the BOC. The Audit Committee has the right to appoint
a third party to assist in the performance of its duties.
Audit Committee Meetings
The Audit Committee conducts regular meetings at least once per quarter and may hold additional meetings as it deems
necessary.
In 2024, the Audit Committee reviewed the quarterly and annual financial statements and provided assurance to
the BOC that the financial statements were in accordance with Indonesia’s Financial Accounting Standards and OJK
requirements. On the recommendation of the Audit Committee, the BOC approved the consolidated 2024 financial
statements and their disclosure.
Attendance of Audit Committee Members at Quarterly Meetings: January 1–December 31, 2024.
Name Number of Meetings Meetings Attended Percentage
Marsillam Simandjuntak 4 4 100%
Ferry Sanjaya 4 4 100%
Hendry 4 4 100%
Ronny Siahaan 4 4 100%
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Duties and Responsibilities of the Audit Committee
The Audit Committee’s duties and responsibilities include but are not limited to:
1. Reviewing and assessing the adequacy of audits undertaken by external auditors and giving its opinion on the audit
results of the Company’s financial statements;
2. Recommending the appointment of an external auditor;
3. Evaluating the performance, competence, independence and objectivity of the internal and external auditors;
4. Reviewing internal audit plans, reports and significant findings;
5. Reviewing Company’s risk management to ensure adequacy of processes to identify and mitigate financial and
business risks;
6. Reviewing internal control systems to ensure they are effective;
7. Reviewing compliance with the Company’s Code of Conduct, conflicts of interest guideline, and policies and
procedures including the effectiveness of fraud risk management;
8. Reviewing the Company’s compliance with laws and regulations pertaining to the capital market, among others.
Nomination & Remuneration Committee
The Nomination & Remuneration Committee was reestablished at the BOC meeting on January 13, 2016 in accordance
with OJK Regulation No. 34/POJK.04/2014 (“OJK Regulation No. 34/2014”). In accordance with the decision of the BOC
dated May 18, 2016, the BOC formulated and approved guidelines, in line with OJK Regulations, stipulating the roles and
responsibilities of Committee members, the composition and structure of the membership and the work systems and
procedures of the Committee.
Membership Structure
According to OJK Regulation No. 34/2014 and Committee guidelines, the appointment and dismissal of Committee
members must be made by a decision taken at a BOC meeting.
The Committee must comprise at least three members, including an Independent Commissioner, a Commissioner and
an officer from the Board Administration Office. The Committee chair must be an Independent Commissioner and the
Committee Secretary must be an officer from the Board Administration Office. The period of appointment of members
of the Committee may not be longer than the period of appointment of members of the BOC, but each member may
be re-elected.
Composition of the Committee based on BOC Decision dated October 12, 2020 and reinstated by the BOC and BOD
Decision dated March 2, 2023, effective December 20, 2022:
Name Title Independence
Marsillam Simandjuntak – Independent Commissioner Chair Independent
Yani Y. Panigoro – Commissioner Member Affiliate
Yaser R. A. Panigoro – Commissioner Member Affiliate
Cisca W. Alimin – Senior Manager, Board Administration Office Member and Secretary Independent
All members of the Committee were initially appointed in 2016 for the same term of office as the Commissioners.
Curriculum Vitae
The curriculum vitae of the Chair and each member of the Committee who is also a Commissioner can be found on in
Chapter 4, page 60. A curriculum vitae for the member of the Committee who is not a member of the BOC follows.
Cisca W. Alimin, Member and Secretary
Indonesian citizen, 55 years old, earned a Bachelor of Science in Business Administration from the University of Indianapolis
in 1992 and obtained a Corporate Secretary Certificate (Intensive Course Batch XII) from the Management Institute of the
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Faculty of Economics, University of Indonesia and the Indonesian Capital Market Foundation in 2001. She rejoined the
Company on November 25, 2015 and served as Senior Manager of the Board Administration Office and Commissioner
of PT Mitra Energi Pelayaran, PT Exspan Petrogas Intranusa, and PT Satria Raksa Buminusa. She previously served as
Corporate Secretary (2007–2012), Compliance Lead (2005–2007), Section Head of Compliance (2000–2005), Section Head
in Investor Relations (1998–2000) and Office Supervisor (1995–1998). Prior to joining the Company, she worked at PT Trisaka
Adireksa as Assistant Executive (1994) and Mobil Oil Indonesia Inc. (1993).
Training
In 2024, the Nomination & Remuneration Committee actively pursued professional development opportunities to
enhance its members’ knowledge and competencies in the area of climate change. The initiatives included:
1. Climate Change Study: A workshop by Indonesia Corporate Secretary Association explores the causes of climate
change, strategies to mitigate and adapt, the environmental, economic, and social risks it poses, and the potential for
innovation, resilience, and global cooperation to address its challenges.
Duties and Responsibilities
As stipulated in OJK Regulation No. 34/2014 and adopted in the Committee Guidelines, the Nomination & Remuneration
Committee must carry out its duties independently and is accountable to the BOC.
Regarding nominations, the Committee’s functions are:
1. Providing recommendations to the BOC on the composition of the BOC and BOD, the criteria for the nomination
process and the performance evaluation of each Commissioner and Director.
2. Assisting the BOC in evaluating the performance of each Commissioner and Director against their respective key
performance indicators.
3. Developing and recommending to the BOC a competency development program for each Commissioner and Director;
4. Proposing appropriate candidates for the BOC and/or BOD to be submitted to the GMS.
Regarding remuneration, the Committee’s functions are:
1. Providing recommendations to the BOC regarding the structure, policies and amount of remuneration.
2. Assisting the BOC in carrying out performance evaluations and adjustments to the remuneration of each Commissioner
and Director.
Meetings
The Nomination & Remuneration Committee held two meetings in 2024: January 9, 2024 andMarch 28, 2024, and one
circular on May 28, 2024.
January 9, 2024 – Agenda March 28, 2024 – Agenda May 28, 2024 – Agenda
Name Performance Review & Determination of Attendance
2024 Salary Adjustment
Proposed Performance MSAP Stock Prices and
Review
Incentives 2023 Quantities
Marsillam Simandjuntak
Present Present Present 100%
Chair
Yani Y. Panigoro
Present Present Present 100%
Member
Yaser R. A. Panigoro
Present Present Present 100%
Member
Cisca W. Alimin
Present Present Present 100%
Member and Secretary
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2024 Activities
During 2024, the Committee carried out its functions in full as stipulated in the Committee Charter approved by the BOC
on 18 May 2016.
Implementation of the Remuneration Function
In a meeting dated March 28, 2024, the Committee conducted a comprehensive review of the BOC and BOD performance
against the 2023 team performance contracts and key performance indicators (KPIs). The Committee also evaluated the
Company’s 2024 plans outlined in the 2024 team performance contracts and KPIs.
Recognizing the BOC’s and BOD’s significant contributions to the Company’s outstanding performance in 2023, the
Committee recommended a higher remuneration budget for 2024, reflecting the broader responsibilities entrusted to
the Boards.
Following the meeting on March 28, 2024, the Committee recommended the total shares to be distributed to the BOD
and BOC as part of the remuneration and Management Share Award Program (MSAP). The recommendation was made
in circular on May 29, 2024.
In a meeting on January 9, 2024, the Committee reviewed the salary of the members of BOD and BOC in 2023 compared
with their duties and responsibilities. The Committee recommended a fair adjustment on their salary in 2024.
Implementation of the Nomination Function
Due to no changes required on the composition of BOD or BOC, hence no discussion or proposal related to nomination
of BOD or BOC in 2024.
Sustainability and Risk Management Committee
The Sustainability and Risk Management Committee provides advice and support to the BOC on its oversight of the
Company’s sustainability strategy and programs. It also provides directives on group-level risk management and practices
for the Company and its subsidiaries.
Duties and Responsibilities
The Committee’s duties and responsibilities are:
1. Issuing directives to align sustainability and risk management with the Company’s strategy and formally authorizing
changes to the Company’s sustainability and risk policies;
2. Ensuring that an effective risk management system is in place to mitigate risks that may affect the sustainable growth
of the Company;
3. Reviewing and providing recommendations on key business and operational risks, sustainability programs and key
indicators.
Composition of the Sustainability and Risk Management Committee as of December 31, 2024
Position Name
Chair Yani Y. Panigoro – President Commissioner
Member Marsillam Simandjuntak – Independent Commissioner
Member Yaser R. A. Panigoro – Commissioner
Member Hilmi Panigoro – President Director
Member Roberto Lorato – CEO
Member Anthony R. Mathias – CFO
Secretary Firman Dharmawan – Senior Manager Corporate Sustainability & Risk Management
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Meetings of the Sustainability and Risk Management Committee
The Committee members meet periodically to fulfil their duties and responsibilities. The Committee documents and
maintains records of its proceedings. In 2024, the Committee convened four meetings, and discussed, among other
items, risks related to the strategic business activities of the Company, including acquisitions, divestment, new projects,
and financing. It also reviewed the implementation and effectiveness of the Enterprise Risk Management Principle,
Framework and Process, as well as the Sustainability Strategy. Additionally, it reviewed the implementation of specific
sustainability programs, which include risks and strategy related to climate change.
Name Number of Meetings Meetings Attended Percentage
Yani Y. Panigoro 4 4 100%
Marsillam Simandjuntak 4 4 100%
Yaser R. A. Panigoro 4 4 100%
Hilmi Panigoro 4 4 100%
Roberto Lorato 4 4 100%
Anthony R. Mathias 4 4 100%
Firman Dharmawan 4 4 100%
Sustainability & Risk Management
The Corporate Sustainability & Risk Management Division under the CEO’s office is responsible for developing and
implementing the infrastructure for the Company’s Sustainability and Enterprise Risk Management Framework,
including Climate Change Strategy and Energy Transition. In addition, the Sustainability & Risk Management Committee,
whose members are Commissioners and Directors, set the agenda and make recommendations for the Company’s risk
management to ensure the sustainability of the Company.
MedcoEnergi prioritizes proactive risk management through a robust Enterprise Risk Management Framework. This
framework aligns with the Principles, Framework and Process of the international standard ISO 31000:2018, ensuring a
structured and comprehensive approach to identifying, assessing, evaluating, mitigating, and monitoring potential risks.
The Company established an enterprise risk management governance structure with a clear line of authority for
MedcoEnergi Group across the strategic, tactical and operational level. It encompasses a wide range of risks that could
impact the Company, including strategy execution, financial performance, operations, information technology security,
regulatory, people and organization, health and safety, and ESG factors.
Additionally, the framework considers risks associated with third-party stakeholders, such as suppliers and contractors.
It provides clear and structured guidance to both the BOC and the BOD for effective risk management and reporting,
while also establishing a process for regular monitoring, ensuring ongoing evaluation and adaptation of risk mitigation
strategies.
MedcoEnergi continuously improves and strengthens its organizational sustainability, and risk management capability.
Regular training, workshops, certifications, focus group discussions and awareness campaigns are conducted with the
risk owners. These are to ensure all risks are identified and that appropriate mitigation strategies are developed and
implemented.
The Company strives to manage and mitigate risks and regularly monitors the effectiveness of its risk control. MedcoEnergi
does not tolerate lapses in compliance, particularly in the areas of health, safety, environment, risk to communities,
regulatory compliance and security. The Company will prudently consider actions that might negatively impact it’s credit
rating and credit metrics.
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Key Risk Factors
MedcoEnergi systematically identifies, assesses, evaluates, and monitors risks on a regular basis, taking into account
potential impacts from both internal and external circumstantial changes. In 2024, the following key risk factors were
assessed:
1. Access to natural resources, including renewal of expiring contracts.
2. Operational risks, including process safety, personal safety, weather events, risks to communities and environmental
risks.
3. Commodity price exposure.
4. Financial liquidity and access to capital.
5. Delivery of major projects.
6. Subsurface risks, exploration and addition of reserves.
7. Health risks, especially focusing on employees’ and contractors’ fitness to work.
8. Political and fiscal risks in countries in which MedcoEnergi operates, including regulatory and legislative changes,
risks related to the environment and potential increases in the cost of compliance.
9. Organizational capability.
10. Governance risks (bribery and violations of business ethics).
11. Climate-related risks and transition to a low carbon economy.
12. Cybersecurity.
Insurance Cover for Company Assets
MedcoEnergi has adequate insurance coverage to protect its assets and to support operational activities. Insurance
packages are reviewed at least annually to ensure they are fit for purpose and are cost efficient. Currently, the Company
maintains insurance policies for property, general cargo, rigs, hulls, machinery, motor vehicles and airports. It also has
employee insurance and standard general liability insurance for energy companies.
Business Continuity
MedcoEnergi has established a Business Continuity Standard that aligns with ISO 22301:2019. The Company has developed
plans to ensure the continuity of critical business functions and assets in the event of disruption. It includes a disaster
recovery plan aimed at restoring all MedcoEnergi critical systems and data in the event of an incident affecting the data
center. A disaster recovery exercise is conducted annually to validate the recovery procedures and test the Company’s
ability to restore all critical systems and data.
MedcoEnergi Code of Conduct
MedcoEnergi is committed to upholding the highest ethical standards in all aspect of our operations. Our business
practices are guided by our Code of Conduct (“Our Code”) principles which govern how MedcoEnergi’s Board of
Commissioners, Board of Directors and employees conduct their duties and responsibilities and behave in accordance
with ethical practices.
Content of Code of Conduct
The Code of Conduct contains the basic principles of our commitment and responsibilities, protecting our employees and
workplace, our Company’s interest and assets, respecting our stakeholders and obeying the applicable laws and regulations.
MedcoEnergi Code of Conduct: “Know the Code, Know the Commitment”
Our slogan “Know the Code, Know the Commitment” was introduced in 2020 so that our BOC, BOD, employees and all
stakeholders could embrace the commitments expected of them when working for MedcoEnergi. The Company expects
that the highest ethical standards be applied in all MedcoEnergi businesses and in every decision made for and on behalf
of the Company.
Our Code is user-friendly and is written in plain language for ease of understanding for Directors, Commissioners, employees
and stakeholders from all backgrounds. It defines the Company’s business practices, expectations and standards based
on international laws and best practices. Our Code also provides a point of contact for further information and concerns.
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All MedcoEnergi personnel are required to read, understand, and adhere to Our Code. This commitment is
further solidified through the annual signing of the “Statement of Adherence to the Code of Conduct.”
In year 2024, we expanded our annual affirmation process through:
1. Contractor’s Statement of Ethical Compliance signed by contractor’s management PT Medco Energi
Internasional Tbk/Corporate (69%), E&P Domestic (54%), Medco Power (49%) and MTBL (Bualuang,
Thailand) (59%). In total we reached about 54% of our contractors.
2. Conflict of Interest for service contractors’ workers in E&P Onshore, Offshore and Corridor reached of 3,391
service contractors’ workers (consists of 79 contracts).
Our Code is a comprehensive document applicable to all stakeholders, including the Board of Commissioners,
Board of Directors, employees, affiliates, business partners, and guests of MedcoEnergi. It transcends
geographical boundaries, ensuring consistent ethical practices across all our operations.
An educational campaign to communicate and provide awareness on the Code of Conduct was conducted
in combination with other training on business and compliance risks, such as:
1. Identifying and detecting conflicts of interest, including relationship and financial interests.
2. Protecting the Company’s data and information.
3. Working with internal and external stakeholders to prevent corruption.
4. Maintaining compliance with international expectations for issue such as Human Rights, Money
Laundering, Trade Sanction, Data Privacy.
5. Supporting the Company to develop its ethical culture, through understanding of the MedcoEnergi
Code of Conduct, and develop awareness of the Code of Conduct through the Ethics Liaison Officer in
Corporate and E&P, and the Compliance Champion in Power.
We plan to revisit Our Code in year 2025 to reflect the recent updates on Business Ethics and Practices
consistent with international leading practices.
Strengthening Supplier Partnerships: MedcoEnergi Supplier Code
Reinforcing our commitment to ethical and sustainable business practices, MedcoEnergi implemented the
MedcoEnergi Supplier Code on December 26, 2022. This code outlines the expectations we hold for all our
vendors, encompassing suppliers of services, equipment, materials, and other goods, along with agents,
consultants, contractors, subcontractors, and consortiums. By adhering to this code, our suppliers play a
vital role in supporting our commitment to maintaining business continuity and building trust with all
stakeholders.
To ensure the adherence to the Company’s Supplier Code, the Company regularly perform the Third-Party
Compliance Programs which consists of Quarterly External Communication to vendors, Vendor Day and
Vendor Forum, Vendor Compliance Survey, Vendor Anti-Bribery & Corruption (ABC) Audit, Vendor Contract
Compliance and Due Diligence.
Corporate Secretary
In accordance with POJK No. 35/2014, the Company appointed Siendy K. Wisandana as Corporate Secretary
based on the Corporate Memo regarding Corporate Secretary No. INT-1520/TAL/MEDC/XII/2016 dated
December 28, 2016. The appointment was effective from December 28, 2016.
Corporate Secretary Information
Name : Siendy K. Wisandana
Telephone : +62-21 2995 3000
E-mail : corporate.secretary@medcoenergi.com
Address : The Energy Building, Floors 53–55, SCBD Lot 11A Jalan Jend. Sudirman Kav. 52–53, South Jakarta 12190
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Siendy K. Wisandana is an Indonesian citizen born in 1969. She joined the Company in January 2003 and currently serves
as VP Corporate Legal and Corporate Secretary. She worked at Hanafiah Soeharto Ponggawa (March to October 1991),
after which she moved to Hadiputranto, Hadinoto & Partners, prior to joining MedcoEnergi. She earned a law degree from
Parahyangan Catholic University in 1991.
The duties of the Corporate Secretary include:
1. Keeping abreast of developments in capital market rules, especially regulations of the Financial Services Authority
(OJK) which refer to 2 (two) primary laws, ie Law No. 8 Year 1995 on Capital Market and Law No. 4 Year 2023 on
Financial Sector Development and Reinforcement (P2SK Law).
2. Providing input to the BOD and BOC on legal matters, particularly compliance on laws and regulations relating to
capital markets.
3. Assisting the BOD and BOC in implementing corporate governance by: (i) disclosing information to the public on
the website and through press releases; (ii) submitting reports to the OJK and Indonesia Stock Exchange (IDX) in
a timely manner; (iii) preparing and organizing the convening of annual and extraordinary general meetings; (iv)
organizing and documenting meetings of the BOD and/or BOC to the extent that they relate to legal matters; and
(v) implementing an orientation program on Company Law, Capital Market Law, and/or other laws and regulations
which are relevant for the affairs of our Directors and Commissioners.
4. Acting as liaison between the Company and the shareholders, the OJK, IDX, Shares Administrative Bureau, Indonesia
Central Securities Depository (KSEI) and other stakeholders.
Selected training undertaken and events attended by the Corporate Secretary:
Date and Venue Event Organizer
Feb 6, 2024 Understanding the Implementation of Business Judgement Rule for Indonesia Companies. Hukum Online
Feb 27, 2024 Analysis and Evaluation of Corporate Legal Compliance towards Legal Audit. Hukum Online
March 14, 2024 Net Zero Megatrend: Perspektif Pelaku Usaha (Live Seminar via Zoom). IDX
March 26, 2024 Risk Management and Legal Obligations in Capital Market Activities. Hukum Online
April 23, 2024 Debt Capital Market Seminar 2024. IDX
Socialization of the Implementation of New Version of Statistical Publication (Live Seminar
April 24, 2024 IDX
via Zoom).
April 25, 2024 ESG Investing: What is it and why investors care about it? (Live Seminar via Zoom). IDX
April 26, 2024 Sosialisasi Peraturan Nomor I-I (Live Seminar via Zoom). IDX
Socialization of IDX Regulation Number I-N on Delisting and Relisting (Live Seminar via
May 16, 2024 IDX
Zoom)
June 3, 2024 Seminar Data Protection : Legal & Information System. IDX
Webinar GRI 13: Agriculture, Aquaculture, Fisheries & GRI 101: Biodiversity – Reporting for Food
June 6, 2024 IDX
Security
Focus Group Discussion (FGD) on Exposure Draft Business Combinations-Disclosures
June 10, 2024 IDX
Goodwill and Impairment (Live Seminar via Zoom).
June 13, 2024 Socialization of OJK Rules in the 2024 Capital Market Sector (via Zoom). OJK
June 20, 2024 IDX & HKEX Capital Markets Seminar: Roadmap to Additional Liquidity via Dual Listing. IDX
Workshop ”Accelerate Your Sustainability Journey by Raising the Bar on Sustainability
June 24, 2024 IDX
Standards & Disclosures” with S&P Global.
Leadership Based on Good Corporate Governance - The Role of Commissioners, Directors
June 26-27, 2024 Hukum Online
and Executives of the Company.
Webinar Series Part II: Setting Your Sail on the Indonesia Carbon Trading Ecosystem oleh
June 27, 2024 IDX
Bursa Efek Indonesia (Live Seminar via Zoom).
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Date and Venue Event Organizer
Road to Indonesia Management Summit 2024: “The Role of Capital Market in the Increasing
July 1, 2024 IDX
Investment Growth and Achievement of Advanced Indonesia."
July 11, 2024 Online Seminar: Demystifying Opportunities of Carbon Markets for Manufacturing Industries. IDX
Legal Due Diligence: Understanding Practices and Risk Management through Legal Analysis
July 16, 2024 Hukum Online
Integration and Assessment of Financial Statement.
July 18, 2024 Socialization of the Amendment of Rule Number I-X (Zoom Webinar). IDX
Seminar "Green Technology Transformation: Utilizing Technology to Achieve Sustainable &
July 30, 2024 IDX
Secured Business".
The Strategic Role of Corporate Executives in Facing Business Competition and Enforcing
August 06, 2024 Hukum Online
Legal Compliance.
August 08, 2024 Seminar Sustainability IDX-APINDO. IDX
August 13, 2024 Webinar “Value and Benefits of 2024 S&P Global Corporate Sustainability Assessment (CSA).” IDX
OJK, IDX
and National
August 22, 2024 Compliance Refreshment Findings of Non-Compliance of Issuers and Public Company Committee of
Government
Policy ("KNKG")
Sept 4-5, 2024 Notification of Merger, Acquisition and Consolidation to KPPU. Hukum Online
Sept 19, 2024 Artificial Intelligence: Revolutionizing the Future of Business & Law. Hukum Online
Sept 26, 2024 Webinar Series Part III: Setting Your Sail on the Indonesia Carbon Trading Ecosystem by IDX. IDX
Oct 09, 2024 The 10th Indonesian Finance Association International Conference (Zoom Webinar). IDX
Global Bond: Introduction of Regulation Framework and the Strategy for Investors and
Oct 24, 2024 Hukum Online
Issuers.
Socialization of IDX Regulation Number I-K on the Listing of Asset-Backed Securities in the
Nov 8, 2024 IDX
Form of Collective Investment Contracts (Zoom Webinar).
Socialization of Debt and/or Sukuk Securities Report Conducted without Public Offering
Nov 26, 2024 OJK dan KSEI
(EBUS TPU).
Corporate Audit & Integrity Compliance
The Senior Manager for Corporate Audit and Integrity Compliance reports directly to the CEO and is responsible for the
internal audit function of MedcoEnergi and its subsidiaries, evaluating the effectiveness of governance, risk management,
internal control and ethics compliance within MedcoEnergi and subsidiaries.
Following the Corridor integration in July 2022, the Corporate Audit and Integrity Compliance Division was restructured
to enhance its capabilities. The division now comprises the following departments: Ethics and Compliance E&P
Offshore and General; Ethics and Compliance Corridor and E&P Onshore; General Audit; Integrity Compliance; and A&IC
Excellence. These departments work collaboratively to support corporate strategy, strengthen organizational capabilities,
and contribute to the overall effectiveness of the Internal Audit function.
Head of Corporate Audit and Integrity Compliance Division
Ronny Siahaan has served as Senior Manager for Corporate Audit and Integrity Compliance since September 1, 2018.
He brings extensive experience to this role, having joined MedcoEnergi in 2012. Previously, he held positions within the
Company such as Sr. Manager of Finance Control and Government Audit (2012-2014) and Sr. Manager of Internal Audit for
Medco E&P Indonesia (2014-2017). His complete work experiences and qualifications are below.
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1. Work experience
• 2009-2012: Finance Control and Accounting Manager, Pertamina Hulu Energi Offshore Northwest Java.
• 2008-2009: Java Controller, BP West Java.
• 2005-2008: Tangguh Integrated Social Program Manager, BP Berau.
• 2001-2005: Shared Services Controller, BP Upstream Indonesia.
• 1999-2001: Finance Manager, BP Petrochemical and Downstream.
• 1996-1999: Commercial Controller, Philips Ralin Electronics.
• 1994-1996: Accounting Head, OAF Finance.
2. Qualifications
CMA, ERMCP, PECB Certified ISO37001 LA., PECB Certified ISO37001 LI., API., CfrA.
Demonstrating a commitment to continuous learning and industry best practices, Ronny Siahaan actively participated in
professional development activities throughout 2024. In this role, he served as Advisor and Chair for a professional auditor
and compliance forum within the Oil & Gas Industry.
Duties and Responsibilities
Since 2018, the Division has developed comprehensive compliance programs to prevent, detect, and respond to bribery,
corruption, and fraud risks across all assets operated by the Company, its subsidiaries, and joint ventures. These programs
focus on preventing, detecting, and effectively responding to bribery, corruption, and fraud risks.
To ensure that the Company is effectively preventing, detecting and responding to bribery, corruption and fraud, the
Corporate Audit and Integrity Compliance Division assesses and makes recommendations for improving governance,
with the following objectives:
a. Promoting high standards of business ethics within the Company.
b. Ensuring effective fraud risk management.
c. Collecting information on risk and anti-bribery and anti-corruption risk controls across the Company.
The Corporate Audit and Integrity Compliance Division also regularly assesses and makes recommendations for improving
risk management processes and evaluates risk exposure in the Company’s operations and information system, with the
following objectives:
a. Achieving the Company’s strategic objectives.
b. Maintaining the reliability and integrity of financial and operational information.
c. Maintaining the effectiveness and efficiency of operations and programs.
d. Safeguarding assets.
e. Ensuring compliance with laws, regulations, policies, procedures, and contracts.
The Corporate Audit and Integrity Compliance Division provides functional support to BOD efforts to establish a culture
that embraces ethics, honesty and integrity. It also provides functional support in preventing, detecting and responding
to fraud and the risk of fraud.
Fraud prevention: The Corporate Audit and Integrity Compliance Division monitors and evaluates the Company’s internal
controls for detecting and mitigating fraud, evaluates the Company’s assessment of fraud risk within the Company and
third-party contractors, assesses the adequacy of related controls and recommends improvements.
Fraud detection: The Corporate Audit and Integrity Compliance Division is responsible for performing data analysis, fraud
risk management, audit programs, verification and other activities to detect, identify, monitor and prevent fraud.
Fraud response: The Corporate Audit and Integrity Compliance Division is responsible for responding to issues raised
through the internal ethics hotline and/or the whistleblower channel and has a direct role in investigating any Code of
Conduct breach or fraud, managing investigations and disclosing to the BOD. It reports the findings of investigations and
any situations that may give rise to wrongdoing directly to the BOD, providing recommendations for corrective action.
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2024 Activities: Safeguarding Integrity
The Corporate Audit and Integrity Compliance Division plays a key role in upholding MedcoEnergi’s commitment to
ethical conduct and operational integrity. In 2024, the Division’s key activities included:
1. Comprehensive Internal Audits: Internal audits were conducted across MedcoEnergi and its subsidiaries, providing
independent assessments of governance, risk management, and internal control effectiveness.
2. Robust Anti-Bribery and Corruption (ABAC) Program: The division conducted dedicated ABC audits on vendors
and partners, mitigating bribery and corruption risks within the supply chain.
3. Proactive Fraud Risk Management: Programs were implemented to address fraud risk throughout the organization.
These programs targeted prevention, detection, monitoring, and evaluation, ensuring a comprehensive approach
to combating fraud.
4. Promoting Ethical Conduct: The division facilitated the following initiatives to foster a strong culture of ethics:
· Conflict of Interest Risk Management (COI): Annual affirmation programs were implemented for the group,
ensuring transparency and mitigation of potential conflicts of interest.
· Ethics Liaison Officer Program: This program established a network of ethics ambassadors across assets and
functions, providing a local point of contact for employees seeking guidance on ethical behavior.
· Statement of Adherence (SOA): Annual Affirmation Program is implemented for the group, ensuring each
individual’s commitment to adhere with MedcoEnergi’s Code of Conduct.
· Anti-Corruption Awareness Campaigns: The division conducted comprehensive communication and
education programs for employees, contractors, vendors, and suppliers. These programs utilized a variety of
channels, including media campaigns, video materials, online training modules, and in-person classroom
sessions.
5. Sanctions Compliance: The division monitored and evaluated the Company’s sanctions compliance program,
ensuring adherence to all relevant sanctions regulations and associated due diligence requirements.
6. Digitalization: Completed Operational Technology Audit in Corridor to ensure the security and resilience of the
technologies used to operate critical infrastructure and Industrial Control Systems (ICS). Implemented Audit
Management System to streamline and oversee the entire audit process started from planning and scheduling
audits to conducting them, tracking findings, and generating reports. Implemented Person Checking System in
which the system is designed to be used by HR in recruitment processes and will be beneficial for Asset and
Function Leaders to prevent them from rehiring personnel with a bad integrity record.
The Company is committed to preventing corruption by ensuring adequate procedures are in place within MedcoEnergi
Group and by formalizing anti-bribery management systems for key business assets and operations involving vendors
and employees as defined in ISO 37001:2016 anti-bribery manuals and procedures.
MedcoEnergi was the first energy company in Indonesia to obtain ISO 37001:2016 certification of an anti-bribery
management system for Medco E&P Natuna Ltd. in June 2019 and followed by five domestic production sharing
contracts (PSCs) for Procure to Pay Process in April 2020. In our power business, we certified Medco Power in July 2020
and followed by three Medco Power Indonesia subsidiaries – PT Mitra Energi Batam and Dalle Energy Batam, PT Energi
Listrik Batam and PT Tanjung Jati B Power Services in 2021. Additionally, we also certified our joint venture, JOB Tomori
in 2021.
In November 2022, MedcoEnergi Bualuang Ltd. (Thailand) became the first of the Company’s international business
units to be certified ISO 37001:2016. On December 7, 2023, Medco E&P Grissik Ltd. has successfully received ISO
37001:2016 Anti-Bribery Management System (ABMS) Certification. The anti-corruption journey in 2024 continued with
further ABMS implementation and completed the certification processes with satisfactory results at Medco Oman LLC
on December 9, 2024, and Medco Ratch Power Riau (MRPR) on February 26, 2025.
PT Medco Energi Internasional Tbk 2024 Annual Report 115
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Corporate
Governance
The anti-bribery management system certification provides assurance to management, investors, employees, customers and
other stakeholders that MedcoEnergi is committed to preventing bribery and to adhering to internationally recognized anti-
bribery controls.
Internal Audit Charter
The Company’s internal audit charter was prepared by the Audit Committee and approved on January 2, 2012, by the BOC and
has been updated on February 7, 2022. It has been communicated and implemented throughout the MedcoEnergi Group.
Internal Control of Risk and Compliance
MedcoEnergi has an internal control system that aims to safeguard Company assets and investments. The system is a part of
the MedcoEnergi GCG implementation and comprises:
1. A structured internal control framework.
2. A program to assess and manage business risks.
3. An information and communication system.
4. Control and monitoring activities: in addition to an internal audit, anti-corruption and anti-bribery controls are also assured
by an independent third party and a certification body.
5. The internal control system is effective in each division and subsidiary and covers all duties and authorities of the respective
divisions/subsidiaries.
Anti-Corruption
MedcoEnergi has implemented several measures to address corruption and to ensure ethical behavior and compliance with
anti-corruption laws. Key elements of MedcoEnergi’s anti-corruption measures are:
1. Code of Conduct: MedcoEnergi has a Code of Conduct that sets out the ethical standards expected of its employees,
contractors and business partners. Reinforcing our commitment to ethical and sustainable business practices, MedcoEnergi
implemented the MedcoEnergi Code of Supplier on December 26, 2022. This code outlines the expectations we hold for
all our vendors, encompassing suppliers of services, equipment, materials, and other goods, along with agents, consultants,
contractors, subcontractors, and consortiums. By adhering to this code, our suppliers play a vital role in supporting our
commitment to maintaining business continuity and building trust with all stakeholders.
2. Anti-Corruption Policy: MedcoEnergi has an anti-corruption policy that sets out its commitment to prevent bribery
and corruption in all its operations. The policy outlines the expectations placed on employees, contractors and business
partners to comply with anti-corruption laws and regulations.
3. Training and Awareness Programs: MedcoEnergi conducts regular training and awareness programs to educate
employees, Contractor’s employees and extended it to vendors through our external compliance programs on the risks of
corruption and how to identify and report suspicious activities.
4. Ethics Ambassador Program: This program nurtures a culture of ethical compliance through employee engagement and
participation. We select employees to participate in a capacity-building program covering ethics and compliance, and risk
identification and remediation. These employees are then assigned to become Ethics compliance champion.
Medco Corporate & Oil & Gas Medco Power
Program Title
Ethics Liaison Officer Program Compliance Champion Program
Number of
Personnel in 84 24
2024
• Being a model of ethical behaviour.
• Communicate and discuss issues related to ethics and
• Promoting ethical culture and elevating awareness
compliance from subsidiaries to Medco Power head
on ethical practices through various means of
office.
communications such as distributing ethics tips,
• Conduct sharing session of ethics and compliance
delivering dynamic presentations using case studies,
twice a year (1 time per semester) and compliance
posters, infographics.
moment 4 times a year and report these activities
Role and • Facilitate discussion on ethics in each functions/business
through our Compliance share point.
Responsibilities unit.
• Participate actively to support MedcoEnergi
of Personnel • Participate in corporate campaigns (including Ethics
Compliance programs, such as Statement of Adherence
& Compliance Week and Anti-Corruption Day) and
and Conflict of Interest.
distribute related campaign materials.
• Promote whistleblowing channel as a tool for reporting
• Provide guidance or advice when dealing with ethical
fraud allegation or ethics violation.
dilemma or elevate inquiries and/or concerns to Line
• Assist in ISO 37001:2016 certification, recertification and
Management and/or Corporate Ethics & Compliance
surveillance audit by certification body.
Function.
116 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
MedcoEnergi continues to reinforce compliance awareness and uphold a culture of integrity within the organization.
These initiatives support our commitment to ethical conduct and regulatory compliance across various levels and
functions. Here’s a breakdown of the key initiatives:
a. Field Compliance Refresher and Awareness Training: This training was for Corridor, South Sumatra, Palembang
office and Rimau reinforce compliance standards and practices.
b. Fraud Risk Refresher Training: Conducted for Leadership Human Resources (HR) & General Services (GS) function,
leadership of MLLC at Muscatt and Nimr and aimed at refreshing their understanding of fraud risks and prevention
measures.
c. Fraud Risk Assessment Workshop: Specifically held for Finance E&P, to assess and mitigate potential fraud risks
within Finance function and Fraud Risk Assessment Workshop at JOB Tomori.
d. Commemoration of International Anti-Corruption Day: Series of events to celebrate International Anti-Corruption
Day (IACD) campaigns across Corporate, E&P Domestic, JOB Tomori, and Power operations. Power enhanced the
initiative by hosting a Story Writing Competition, encouraging employees to reflect on and express their commitment
to anti-corruption values. At the corporate level, all employees and contractor personnel were invited to participate in
the IACD video awareness campaign, fostering a deeper understanding and adherence to anti-corruption principles
across the organization. These initiatives align with SKKMIGAS Circular Letter No. 0064/SKKID000/2024/SK, which
underscores the importance of commemorating the 2024 International Anti-Corruption Day (IACD). Through these
activities, MedcoEnergi reaffirms its dedication to promoting integrity, transparency, and accountability while actively
supporting industry-wide efforts to combat corruption and uphold ethical business practices.
e. Ethics Awareness Training for Contractors: Extended beyond MedcoEnergi’s direct employees to include contractor
employees, covering various aspects of business ethics, information systems security, and social media usage.
f. New Hire Induction Training: Focused on introducing new hires to MedcoEnergi’s Governance, Compliance, and
Code of Conduct policies, ensuring they start their roles with a clear understanding of expected standards.
g. Medco Leadership Programme: Targeted at supervisors and above, providing a refresher on the Code of Conduct
and likely emphasizing leadership responsibilities in upholding compliance standards.
h. Communication of Collective Labor Agreements and Business Ethics & Corporate Protection Guidelines: Ensuring
clear communication of important policies and agreements to all employees, further embedding compliance
principles within the organizational culture.
i. Whistleblowing policy: MedcoEnergi has a whistleblowing policy that allows employees to report any concerns or
suspicions of corruption or unethical behavior anonymously and without fear of retaliation.
j. Due diligence: MedcoEnergi has implemented a due diligence process for screening potential business partners and
vendors to ensure they comply with anti-corruption laws and regulations.
k. Internal audits: MedcoEnergi conducts regular internal audits included vendor audits to identify any potential risks
and improve its anti-corruption measures. Please refer to 2024 Sustainability Report Chapter 5 Pursuing Excellence in
our Governance section 1.4.3.4.
l. Compliance with laws and regulations: MedcoEnergi ensures compliance with all applicable anti-corruption laws
and regulations in the countries in which it operates.
Whistleblowing System
MedcoEnergi is committed to implementing the highest standard of integrity and compliance in all activities in
accordance with the GCG Guidelines and the Code of Conduct. MedcoEnergi has a whistleblowing system in place since
2008 to strengthen the implementation of GCG principles and internal control systems. The system provides a channel
through which internal and external stakeholders can raise concerns regarding integrity or compliance in MedcoEnergi.
MedcoEnergi values individual willingness to report potential violations to MedcoEnergi’s set of ethical standards and
policies but the report must be based on good faith.
MedcoEnergi does not tolerate any kind of retaliation and take all claims of retaliation seriously and if validated, will
take appropriate action to handle them. MedcoEnergi consider acts of retaliation to be acts of misconduct which, if
substantiated, could result in disciplinary action up to, and including dismissal or termination.
MedcoEnergi Whistleblowing system was established in 2008. MedcoEnergi extended the whistleblower system to
allow reporting via the website and telephone in both Indonesian and English, added the reporting through WhatsApp
PT Medco Energi Internasional Tbk 2024 Annual Report 117
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2024 Management Business Company Sustainability Corporate Governance Attachments Performance Discussion and Analysis Activities Profile Corporate Governance application, and extended the language to Thai and Arabic (2020), and Mandarin (2022). Anyone may file a report on any violation through the channels listed on the MedcoEnergi website, www.medcoenergi.com, or via Deloitte at https://idn. deloitte-halo.com/lapor-medcoenergi/. Deloitte has managed MedcoEnergi’s whistleblower system since 2010, ensuring its independence. MedcoEnergi limits whistleblowing to the following areas: fraud, corruption, breaches of the Code of Conduct and other policies, conflicts of interest, financial statement fraud, bribery, misconduct and any other nonethical behavior. Deloitte screens and categorizes reports and may request more information and supporting documents from the whistleblower. It then submits reports to the Company’s President Commissioner, President Director and Head of Corporate Audit and Integrity Compliance. The Company will conduct an investigation and take all necessary follow-up actions. Whistleblowing Management System – ISO 37002:2021 We are continually enhancing our whistleblowing infrastructure. To further strengthen transparency and accountability, MedcoEnergi is adopting the ISO 37002:2021 Whistleblowing Management System. This comprehensive framework provides guidance on implementing, managing, and improving our reporting channels. Implementation activities in 2024 are related to the development of the umbrella policies related to Whistleblowing Policy, Whistleblowing Management System Manual and Investigative Examination Procedures. Corporate Ethics and Compliance Committee (CECC) The CECC was established on October 1, 2024, by a resolution of the Board of Directors to oversee the company’s ethics and compliance functions. The CECC is responsible for ensuring that whistleblowing reports are managed with fairness, objectivity, and transparency. It upholds the principles of confidentiality and non-retaliation while maintaining impartial handling of all reported concerns. The Committee also ensures that disciplinary measures are applied consistently and appropriately, in alignment with legal requirements, company policies, industry standards, and international best practices. The CECC holds regular meetings at least once every quarter or more frequently when necessary to address emerging risks or urgent matters. The committee is chaired by the Chief Administrative Officer and includes senior leaders as follows: the Chief Operating Officer, Chief Financial Officer, Head of Corporate Audit & Integrity Compliance (A&IC), Vice President of Human Resources and General Services, and Vice President of Corporate Legal Counsel & Corporate Secretary. Additional representatives from relevant functions may be invited as needed based on the nature of the issues being addressed. Incident Disclosures MedcoEnergi is committed to fostering a culture of integrity and ethical conduct across all levels of our organization. In 2024, We concluded 33 fraud investigations out of 72 alleged violations. 12 of these fraud incidents were substantiated, which came from a wide range of concerns, including inappropriate use of Company asset, theft, solicitation, illegal gratuities, counterfeiting, conflict of interest and procurement fraud. In 2024, the Company Committee took appropriate disciplinary actions against 28 employees, contractor and business partners. 17 of these sanctions were related to fraud Incidents and 11 were related to business ethics Incidents. These actions ranged from verbal warnings and reprimands to written warnings and terminations, depending on the severity of the offense. Prevention of Insider Trading MedcoEnergi is committed to prevent and mitigate insider trading. The Code of Conduct prohibits employees, affiliated parties and members of MedcoEnergi’s BOC and BOD from trading shares or securities if they have access to non-public material information about the Company. MedcoEnergi also has an Insider Trading Policy and a Blackout Periods Policy. The Insider Trading Policy aims to prevent members of the BOC and BOD and employees from using non-public material information to trade shares or securities. The Blackout Periods Policy aims to stop trading of securities for defined periods by parties who have access to non- public material information. 118 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Employees and Management Shares Ownership Program
MedcoEnergi has established Share Ownership Programs for both employees (ESAP) and management (MSAP).
Launched in 2017 with Shareholders approval, these programs continue to be attractive, fostering employee retention
and a shared sense of ownership.
2024 Program Highlights
For the 2024 ESAP, MedcoEnergi allocated a maximum of 14,977,000 shares to be granted to 194 selected employees. The
shares will vest in 2025, 2026 and 2027.
In 2024, MedcoEnergi transferred the third tranche of shares vesting from the 2021 ESAP, the second tranche vesting
from the 2022 ESAP and the first tranche vesting from the 2023 ESAP. A total of 23,661,450 shares were awarded to the
2021, 2022 and 2023 ESAP recipients.
The Company continued awarding shares through MSAP Program to non-independent members of the BOC, members
of BOD, Senior Management, and members of Directors of subsidiaries as part of the 2023 Performance Incentive in 2024.
The AGMS on May 30, 2024, approved the award of 40,800,000 shares to non-independent members of the BOC and the
members of the BOD. Additionally, the BOD Resolutions dated January 9, 2024 and June 3, 2024 approved the award of
8,021,210 shares in the form of MSAP to the Company’s Senior Management and Directors of subsidiaries.
In the BOC Resolution dated January 26, 2025, which was made based on recommendation of the Nomination and
Remuneration Committee, a total of 26,006,000 shares had been awarded to the members of the BOD in December
2024. The Company also awarded 4,234,000 shares to Senior Management of the Company. In total, the Company
awarded 102.728.180 shares to ESAP and MSAP recipients using the remaining treasury shares resulted from the Buyback
Shares Program year 2021 and 2023.
PT Medco Energi Internasional Tbk 2024 Annual Report 119
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Corporate
Governance
To fulfil future ESAP and MSAP requirements, the Company implemented the buyback shares program approved at the
AGMS dated May 30, 2024. A total of 32,700,000 shares were purchased in 2024. Hence, as of the end of year 2024, the
Company recorded a total of 71,453,088 shares as the remaining balance of treasury shares available for future distribution.
This balance is sufficient to meet the third tranche of shares vesting from the 2022 ESAP, the second tranche vesting from
the 2023 ESAP and the first tranche vesting from 2024 ESAP in 2025, as well as the 2025 Performance Incentive MSAP.
However, to fulfil ESAP and MSAP commitments from 2025 onward, more shares shall be purchased in 2025.
Terms and Conditions of the ESAP and MSAP
ESAP MSAP
Eligibility Employees and employees of wholly-owned subsidiaries Non-independent Commissioners and Directors of
who are working in the Company or who are seconded MedcoEnergi, Directors of wholly-owned or majority-
under certain criteria to subsidiaries or affiliates of the owned subsidiaries, representative Directors at the
Company. Company’s affiliates and certain senior management of
the Company.
Share Base An equivalent number of the actual shares of the An equivalent number of the actual shares of the
for ESAP Company stock. Upon meeting the vesting criteria, the Company stock. Upon meeting the vesting criteria, the
and MSAP ESAP will be converted into shares of Company stock. MSAP will be converted into actual shares of the Company
Stock.
Granting In three-year periods beginning in 2017. In three-year periods beginning in 2017.
Period
Vesting Over a three-year period with the following schedule: 30% a) Retention Program MSAP: The shares will vest at the
Period after one year, 30% after two years and 40% after three end of an agreed period; and
years. b) Performance Incentive Bonus MSAP: No vesting period.
Share The shares to be awarded via the ESAP will remain in a) Retention Program MSAP: The shares to be awarded via
Ownership MedcoEnergi’s possession until vesting. On vesting, the the MSAP will be converted into shares by transferring
shares will be transferred to individual employee accounts the equivalent number of MedcoEnergi’s actual shares
and will be fully owned by the employee. to eligible recipients but ownership will be blocked until
the end of the agreement. The resulting shares will be
unblocked and fully owned by the members of BOD
after the end of the agreement;
b) Performance Incentive Bonus MSAP: The shares to be
awarded via the MSAP will be converted into shares by
transferring the equivalent number of the Company’s
actual shares to eligible recipients on the effective
granting date.
Voting and Before vesting, the shares do not have any voting or a) Retention Program MSAP: The shares have voting and
Dividend dividend rights. After vesting, the shares will be fully dividend rights. However, dividends will be pooled
Rights owned by the employee and will have voting rights and into a joint account between MedcoEnergi and each
rights to dividends when declared. individual recipient. Upon the end of the period of
employment, all the dividends paid will be released to
the recipients;
b) Performance Incentive MSAP: Upon transfer, the shares
will be fully owned by the employees and will have
voting rights and rights to dividends when declared.
Tax Any income tax liability generated by the share award will Any income tax liability generated by the share award will
be paid by the employee. be paid by each of the recipients.
Other Other terms and conditions with regards to eligibility Other terms and conditions may apply for specific
factors and/or events which may need to be taken into Retention Program MSAPs.
consideration are stated in a separate policy created by
the Human Capital and General Services Sub directorate.
120 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
ESAP and MSAP Distribution
Description Number of Shares
Treasury shares balance at January 31, 2024 106,731,368
ESAP 2021 third tranche, 2022 second tranche, 2023 first tranche 23,661,450
MSAP Senior Management & BOD subsidiaries 12,255,210
MSAP non-independent Commissioners and BOD 66,811,420
Total awards 102,728,180
Treasury shares acquired 2024 32,700,000
Treasury shares balance on December 31, 2024 71,453,088
BOC and BOD to Disclose Shares Ownership
Members of the BOD and BOC are obliged by the Code of Conduct to disclose their purchase and ownership of
MedcoEnergi shares. Further, to comply with POJK No. 11/POJK.04/2017 concerning Ownership Reporting or Change in
Share Ownership of a Public Company, the Company requires each member of the BOD and BOC to regularly disclose
updated information regarding their share ownership.
In 2024, members of the BOD and BOC reported changes in their ownership of MedcoEnergi shares in January, April,
June, August, October, November and December. All changes were reported to the OJK within the required time.
Material & Affiliate Transactions
MedcoEnergi maintains a commitment to conducting business with the highest ethical standards and transparency.
We continue to review each and every affiliate transaction to make sure that they are performed and delivered in the
manner, which is in compliance with Indonesian laws and regulations, especially POJK No. 17/POJK.04/2020 and POJK
No. 42/POJK.04/2020.
1. Office Space Lease Agreement dated April 1, 2024, between the Company and PT Api Metra Graha (“AMG”)
On April 1, 2024, the Company and AMG entered into an office space lease agreement. The Company intends to utilize
the spaces on floors 32, 51, 53, and 55, penthouses 1, 2, and 3, as well as storage space on level B3 located at the Energy
Building, Jl. Jenderal Sudirman Kav. 52-53, Jakarta 12190, and AMG agrees to lease these spaces. The lease term agreed
upon by the Company and AMG is from April 1, 2024, to March 31, 2029.
The affiliation between the Company and AMG lies in the shared members of the Board of Directors/Board of
Commissioners between the Company and AMG.
2. Business Support Agreement dated October 31, 2023, between the Company and PT Medco Energi Global (“MEG”)
On October 31, 2023, and amended on November 6, 2024, the Company and MEG entered into a business support
agreement. Under this agreement, the Company agrees to provide and MEG agrees to receive business support
services in certain areas, including: (i) Service Desk, (ii) SAP Service & Support, (iii) BPM Service & Support, (iv) SharePoint
Service & Support, and (v) Terminal Service. The term of this agreement is until December 31, 2026.
MEG is a controlled subsidiary of the Company.
PT Medco Energi Internasional Tbk 2024 Annual Report 121
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Corporate
Governance
3. Business Support Agreement dated November 28, 2023, between the Company and Medco Power
On November 28, 2023, and amended on November 8, 2024, the Company and Medco Power entered into a business
support agreement. Under this agreement, the Company agrees to provide and Medco Power agrees to receive
business support services in certain areas, including: (i) Service Desk, (ii) SAP Service & Support, (iii) BPM Service &
Support, (iv) SharePoint Service & Support, and (v) Terminal Service. The term of this agreement is until December 31,
2026.
MPI is a controlled subsidiary of the Company.
4. Intercompany Loan Agreement dated September 1, 2024, between the Company and PT Satria Raksa Buminusa (“SRB”)
On September 1, 2024, the Company entered into an Intercompany Loan Agreement with SRB, under which the
Company agrees to provide a loan to SRB with a maximum amount of IDR25,000,000,000 at an annual interest
rate of 8.95%. The loan will be used for working capital to support SRB’s business operations, including operational
expenses. The loan term agreed upon by the Company and SRB is until August 31, 2027.
SRB is a controlled subsidiary of the Company.
5. Operation and Maintenance Agreement dated November 5, 2024, between PT Medco Cahaya Geothermal (“MCG”)
and PT Medco Power Geothermal Services (“MPGS”)
MPGS provides Operation and Maintenance (O&M) services for the 35MW Blawan Ijen Geothermal Power Plant Phase
1 (PLTP Ijen) located in East Java, owned by MCG. This agreement is valid for six years from the Commercial Operation
Date (COD) of Unit 1 of PLTP Ijen, which is expected to occur in January 2025.
6. Operational and Asset Security Services Contract No. 3510007799 dated March 1, 2024, between SRB and
PT Medco E&P Rimau (“MEP Rimau”)
SRB provides security personnel and comprehensive operational security services to support MEP Rimau’s operations
across the Rimau Block working area. This agreement is effective from March 1, 2024, and will continue until all
obligations of the parties are fulfilled, which is expected to be by February 28, 2027.
Both SRB and MEP Rimau are controlled subsidiaries of the Company.
7. Operational Security Services Agreement No. 3510007864 dated March 1, 2024, between SRB and PT Medco E&P
Lematang (“MEP Lematang”)
SRB provides comprehensive security personnel services to support MEP Lematang’s operations in the MEP Lematang
field in the Lematang area. This agreement is effective from March 1, 2024, and will continue until all obligations of the
parties are fulfilled, which is expected to be by May 31, 2027.
Both SRB and MEP Lematang are controlled subsidiaries of the Company.
Independent Accountant
The BOC recommended the appointment of KAP Purwantono, Sungkoro & Surja, a member firm of Ernst & Young Global
Limited, a public accounting firm registered with the OJK, as the Company’s external auditor for the 2024 fiscal year.
This appointment was subsequently approved by the AGMS on May 30, 2024. KAP Purwantono, Sungkoro & Surja has
consistently maintained its independence in accordance with professional standards for public accountants, the work
agreement, and the defined audit scope.
Total fees for audit work and other assurance services by KAP Purwantono, Sungkoro & Surja, a member firm of Ernst &
Young Global Limited for fiscal year 2024 amounted to Rp44.2 billion with details as follows:
1. Audit of consolidated financial statements, for the financial year 31 December 2024 amounted to Rp36.5 billion.
2. Other assurance service fees amounted to Rp1.8 billion.
3. Non-assurance service fees amounted to Rp5.9 billion.
122 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Board of Commissioners &
Board of Directors Statement
Regardingthe
Regarding theResponsibilities
Responsibilitiestowards
towardsthe
the2024
2024Annual
AnnualReport
ReportPT
PTMedco
MedcoEnergi
EnergiInternasional
InternasionalTbk.
Tbk.
We,the
We, theundersigned,
undersigned,being beingthe membersof
themembers ofthe
theBoard
Boardof
ofCommissioners
Commissionersand
andBoard
BoardofofDirectors
DirectorsofofThe
TheCompany,
Company,hereby,
hereby,
declare that
declare that we
we areare fully responsible for
fully responsible for preparation
preparation and
and presentation
presentation of
of the
the 2024
2024 Annual
Annual Report
Report andand 2024
2024 Financial
Financial
Statements. All information
Statements. All information in in the
the 2024
2024 Annual
Annual Report
Report and
and 2024
2024 Financial
Financial Statements
Statements have
have been
been fully
fully and
and accurately
accurately
disclosedand
disclosed andthe
theReports
Reportsdo donot
notcontain
containfalse
falseinformation
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informationor ormaterial
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Inwitness
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undersignedhave
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drawnup
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statementtruthfully.
truthfully.
Jakarta,April
Jakarta, April30,
30,2025
2025
Preparedby:
Prepared by:
HilmiPanigoro
Hilmi Panigoro RobertoLorato
Roberto Lorato
PresidentDirector
President Director Director&&Chief
Director ChiefExecutive
ExecutiveOfficer
Officer
AnthonyR.
Anthony R.Mathias
Mathias RonaldGunawan
Ronald Gunawan AmriSiahaan
Amri Siahaan
Director&&Chief
Director ChiefFinancial
FinancialOfficer
Officer Director&&Chief
Director ChiefOperating
OperatingOfficer
Officer Director&&Chief
Director Chief
AdministrativeOfficer
Administrative Officer
Approvedby:
Approved by:
YaniY.
Yani Y.Panigoro
Panigoro
PresidentCommissioner
President Commissioner
MarsillamSimandjuntak
Marsillam Simandjuntak YaserR.
Yaser R.A.
A.Panigoro
Panigoro
IndependentCommissioner
Independent Commissioner Commissioner
Commissioner
PTMedco
PT MedcoEnergi
EnergiInternasional
InternasionalTbk
Tbk 2024Annual
2024 AnnualReport
Report 123
125
Page 126
Attachments
126 Company Structure
128 Organization Structure
129 Ultimate Beneficiary
Owner Structure
130 List of Abbreviations
134 Cross Reference
to OJK Requirements
147 e-Financial Statements
Page 127
07
Page 128
2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Company
Structure
PT Medco E&P Bangkanai PT Medco LNG Indonesia PT
PT Amman
Amman Mineral
Mineral Internasional PT Medco Downstream
PT Medco E & P Indonesia TbkInternasional Tbk Indonesia
PT Medco E & P Simenggaris PT Donggi Senoro LNG PT Amman Mineral PT Medco LPG Kaji
PT Medco Energi Amanah Nusa Tenggara
PT Medco E & P Malaka PT Medco Energi Beluga PT Medco Methanol
Bunyu
PT Medco E & P Tarakan PT Medco Energi Natuna PT Medco Ethanol
Timur Lampung
PT Medco E & P Rimau PT Medco Energi Bangkanai
PT Medco E & P Lematang PT Medco E & P Nunukan
PT Medco E & P Tomori PT Medco E & P Sembakung
Sulawesi
PT Medco E & P Bengara PT Medco Energi Madura
PT Medco Energi Sampang PT Medco Energi CBM
Indonesia
PT Medco Sampang Indonesia PT Medco CBM Pendopo PT Exspan Petrogas PT Medco Energi Nusantara PT Medco Sarana
Intranusa Balaraja
PT Medco Energi Belida PT Medco Energi Linggau PT Api Metra Graha PT Satria Raksa
Buminusa
PT Mitra Energi Gas PT Musi Raksa
Sumatera Buminusa
PT Mitra Energi PT Mahakam Raksa
Pelayaran Buminusa
Ophir Energy Limited
Salamander Energy Limited Dominion Petroleum Limited
Dominion
Petroleum DOMPET Limited
Acquisitions
Ophir Jaguar 1 Limited Salamander Energy Group Limited Limited
Dominion Oil Dominion
& Gas Limited Tanzania
Limited
Medco Energi Medco Energi
Ophir Jaguar 2 Limited Thailand (E&P) Bangkanai Limited
Limited Dominion Oil
& Gas Limited
Salamander Medco Energi (Tanzania)
Ophir SPV Pty Ltd. Ophir Asia Pacific Energy (Lao) Central
Pty Ltd. Company Limited Kalimantan Limited
Medco Energi Medco Energi Medco Energi Medco Energi West
Madura Sampang Kerendan Limited Bangkanai Limited
Offshore Pty Ltd. Pty Ltd.
Ophir Energy
Indonesia Limited
Salamander Energy Ophir Indonesia
Salamander Energy (S.E.Asia) Limited (S.E.Sangatta) Limited
(Bualuang Holdings)
Limited
Medco Energi
Thailand (Bualuang)
Limited
126 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
PT Medco Power Internasional
Medco Strait Services Pte. Ltd. Medco Far East Limited PT Medco Power Indonesia
Petroleum Exploration & Kuala Langsa (Block-A) PT Medco Kansai
Production International Limited Limited PT Dalle Panaran
Power Indonesia
Lematang E&P Limited PT Energi Prima PT Medco Geothermal
Elektrika Nusantara
PT Multidaya Prima PT Medco Power
Medco South China Sea Pte. Ltd. Elektrindo Sentral Sumatera
PT Dalle Energy PT Medco Ratch
Medco Natuna Pte. Ltd. Batam Power Riau
Medco Indonesia Holding B.V. PT Medco Energi PT Medco Power
Medco E&P Natuna Ltd. Menamas Servis Indonesia
Medco Lematang B.V. PT Mitra Energi
Medco Singapore Batam PT Medco Solar Pasifik
Operations Pte. Ltd.
PT Universal Batam PT Medco Pasifik
Medco Petroleum Services Limited Medco Oak Tree Pte. Ltd. Energy Solar Transmisi
PT Energi PT Medco Power
Medco Laurel Tree Pte. Ltd. Medco Bell Pte. Ltd. Listrik Batam Energi Services
PT Medco General PT Medco Power
Medco Energi Global Pte. Ltd. Medco Maple Tree Pte. Ltd. Power Services Elektrika Indonesia
PT TJB Power
Medco Cypress Tree Pte. Ltd. Services PT Medco Hidro Indonesia
Medco Energi Oman
Block 48 Limited PT Medco Power PT Nawakara
Medco Orchid Pte. Ltd. Geothermal Services Energi Sumpur
Medco Energi Oman
Block 60 Limited PT Medco Geothermal PT Sangsaka
Sarulla Hidro Barat
Medco Yemen Holding Far East Energy Trading Pte. Ltd.
Limited PT Medco Geopower PT Pembangkitan
Sarulla Pusaka Parahiangan
Medco Yemen Amed Medco Asia Pacific Limited
Limited Sarulla Operation Ltd PT Sangsaka Agro Lestari
Medco Yemen Malik Medco International
Limited Enterprise Ltd. PT Medco Geothermal PT Bio Jatropha
Indonesia Indonesia
Medco International Ventures Medco LLC
Limited PT Medco Cahaya PT Sangsaka
Geothermal Hidro Ciseureuh
Medco International Services Medco Arabia Ltd.
Pte. Ltd. PT Medco Geothermal PT Sangsaka Hidro
Sumatera Lestari
Medco E&P Corridor Medco Energi USA Inc.
Holding Ltd. PT Medco Power Energi PT Sangsaka Hidro
Baru Selatan
Medco E&P Grissik Ltd. Medco Energi US. LLC
PT Medco Power Surya
Nusantara PT Sangsaka Hidro
Transasia Pipeline Kasmar
Company Pvt. Ltd. PT Medco Power
Transportasi Listrik PT Sangsaka
Hidro Baliase
PT Medco Power Solar
Sumbawa PT Sangsaka Hidro
Patikala Lima
PT Medco Power
Geothermal Energi PT Medco Solar Bali Barat
Medco Power Global Pte Ltd
PT Medco Solar Bali Timur
Pacific Medco Solar Energy
Pte Ltd PT Indo Medco Power
PT Teknologi Data
Infrastruktur PT Muara Enim Multi Power
Ophir Holdings Limited Ophir Asia Limited Ophir Holdings & Services (UK) Limited
Dominion Ophir Equatorial
Ophir East Africa Petroleum Guinea (Block R)
Holdings Limited Kenya Limited Limited
Ophir Mexico
Ophir Tanzania Limited
(Block 1) Limited
Ophir Mexico
Ophir East Africa Ophir Pipeline Ruvuma Pipeline Operations,
Ventures Limited Limited Company Limited S.A. de C.V
Mzalendo Gas
Ophir LNG Limited Processing
Company Limited
Ophir Gas Fahari Gas
Marketing Limited Marketing
Company Limited INFORMATION:
Active Company
Dormant Company
PT Medco Energi Internasional Tbk 2024 Annual Report 127
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Organization
Structure
President Director
Hilmi Panigoro
Chief Executive Officer
Roberto Lorato
Director & Chief Director & Chief Director & Chief Sr. VP Sr. VP MPI President Managing
Operating Officer Administrative Financial Officer International E&P Business Director Director Medco
Officer and CCUS Development Energi Global
Ronald Gunawan Amri Siahaan Anthony R. Craig D. Stewart Sanjeev Bansal Eka Satria Emmy Teo
Mathias
Sr. VP VP Human Resources VP Corporate General Manager VP New Ventures MPI Director &
Onshore Asset & General Services Finance & Treasury Thailand Chief Financial
Officer
Idham H.S Purba Tia N. Ardianto Sonia Ayudiah Iwan Prajogi Faizan Rahan Myrta Sri Utami
Sr. VP VP E&P Finance Sr. Manager Country Manager Sr. Manager MPI Director & Chief
Offshore Asset Corporate Planning & Oman Corporate Portfolio Operating Officer
Investment Appraisal Management
Ignatius Tenny HR. Andrea G. Candarashmi Ahmad Syaifudin Imron Gazali
Wibowo Diliharto P. Pastika
Sr. VP VP Digital Sr. Manager General Manager Head Legal Business MPI Director & Chief
Corridor Asset Information Corporate Tax Libya (MIVL) Development Planning and Business
Technology Development Officer
Tri Laksono Satriyo Wicaksono Aris Cahyadi Akram Sassi Andri Budiman Femi Sastrena
VP Technical VP Supply Chain Sr. Manager
Management Corporate Accounting
Bambang S. Ismanto Kenneth Gunawan Johan K. Djaja VP Corporate Legal Sr. Manager Audit Sr. Manager Corp.
Counsel & Corporate & Integrity Sustainability
Secretary Compliance & Risk Management
VP Project VP Relations Sr. Manager Corp Siendy K. Wisandana Ronny Siahaan Firman Dharmawan
Development & Security Finance Functional
Excellence
Bayu Sari Adji Arif Rinaldi Senior Counsel Manager Ethics & Manager Corporate
Krista
Non-Capital Market Compliance General Sustainability
Offshore
VP Exploration Sr. Manager Manager Capital Teguh Budiman
Sustainability Market Rico Jusuf M. Agustina Parwitosari
Development
Feriyanto Ibrahim Arsyad Ridho Wahyudi Senior Counsel Manager Ethics & Manager Corporate
Capital Market Compliance Corridor Risk Management
and Onshore
Sr. Manager Board
Administration Office Nyimas Dewi Andriani Eko S. Wibowo
VP Wells
Ida Bagus Budiarta Cisca Alimin
Manager General
Audit
Soesetyo Eri
VP Health, Safety Perbowo
& Environment
I Nyoman A Sidi
Mantra Manager Integrity
INFORMATION: Compliance
VP E&P Legal
Widi Wijayanto
Board of Directors
R. Iman Suseno PT Medco Energi Internasional Tbk Manager Audit & IC
Excellence
Sr. Manager
E&P Planning Esther H. Marianto
Organization Chart as of
31 December 2024
Anastasia Mustika
Sr. Manager
Commercial
Rully Nasrullah
Sr. Manager Non
Operated Asset
Bagus Nugroho
128 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Ultimate Beneficiary Owner
Structure
Yaser Raimi Arifin Maera
Panigoro Panigoro
55.20% 44.80%
PT APRAMESIS META
INVESTAMA
M. Ihsan Hilmi
Hilmi Panigoro Nathan Barki Sudjiono Timan
Panigoro
99.90% 0.1% 45% 55%
PT KALIBIRU LESTARI PT ACADIA ABADI
BERSAMA LESTARI
PT KALIBIRU DAMAI
ABADI
51% 49%
Tan Hang Huat 30%
35% PT KALIBIRU ENERGI 35%
LESTARI
75.10%
100%
PT MEDCO ABADI 24.90%
PREMIUM RETURN LESTARI
VENTURES LTD
100% 98.84% 1.16% 79.90% 20.10%
DIAMOND BRIDGE PT MEDCO DAYA
PT MEDCO DUTA PUBLIC
PTE LTD ABADI LESTARI
21.46% 0.12% 51.50% 26.92%
PT MEDCO ENERGI INTERNASIONAL TBK
PT Medco Energi Internasional Tbk 2024 Annual Report 129
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
List of
Abbreviations
1P Proved Reserves ESG Environmental Social Governance
2P Proved and Probable Reserves FPCA Foreign Corrupt Practices Act
ABMS Anti-Bribery Management Systems FPSO Floating Production Storage and Offloading
AGMS Annual General Meeting of Shareholders FSO Floating Storage and Offloading
AMG PT Api Metra Graha GCG Good Corporate Governance
AMNT PT Amman Mineral Nusa Tenggara GDP Gross Domestic Product
APAC Asia Pacific GHG Greenhouse Gas
bbtud Billion British Thermal Units Per Day GMS General Meeting of Shareholders
bcf Billion Cubic Feet GRI Global Reporting Initiative
bcpd Barrel Condensate Per Day GSA Gas Sales Agreement
BOC Board of Commissioners GWh Giga Watt hour
BOD Board of Directors ha Hectare
boe Barrel Oil Equivalent HR Human Resources
bopd Barrel Oil Per Day HSE Health, Safety and Environment
boepd Barrel Oil Equivalent Per Day IDR Indonesian Rupiah
CAO Chief Administrative Officer IDX Indonesia Stock Exchange
CCUS Carbon, Capture, Utilization and Storage IOGP International Association of Oil & Gas
Producers
CCPP Combined Cycle Power Plant
IPP Independent Power Producer
CCS Carbon, Capture & Storage
ISO International Organization for
CDP Carbon Disclosure Project Standardization
CEO Chief Executive Officer ITB Institut Teknologi Bandung
CFO Chief Financial Officer JOB Joint Operating Body
CH4 Methane JORC Joint Ore Reserve Committee
CLA Collective Labour Agreement Koz Thousand ounces
Company PT Medco Energi Internasional Tbk. KPI Key Performance Indicator
COO Chief Operating Officer lbs pound
COP Conference of the Parties LLC Limited Liability Company
COVID-19 Coronavirus Disease 2019 LME London Metal Exchange
DEB PT Dalle Energy Batam LNG Liquefied Natural Gas
DSLNG PT Donggi Senoro LNG Ltd. Limited
E&P Exploration & Production mboepd Thousand Barrels Of Oil Equivalent Per Day
EBITDA Earnings before Interest, Tax, Depreciation mbopd Thousand Barrels Of Oil Per Day
and Amortization
MEB PT Mitra Energi Batam
EGMS Extraordinary General Meeting of
Shareholders MEGS PT Mitra Energi Gas Sumatera
ELB PT Energi Listrik Batam MEMR Ministry of Energy and Mineral Resources
EPE PT Energi Prima Elektrika Mlbs Million pounds
EPSA Exploration and Production Sharing mmbo Million Barrels of Oil
Agreement
mmboe Million Barrels of Oil Equivalent
ESAP Employee Shares Award Program
130 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
mmbtu Million British Thermal Unit PSC Production Sharing Contract
mmscfd Million Standard Cubic Feet Per Day PT Perseroan Terbatas (Limited Liability
Company)
MPE PT Multidaya Prima Elektrindo
Pte Ltd Private Limited
MPI PT Medco Power Indonesia
Pty Ltd Proprietary Limited
MRPR Medco Ratch Power Riau
PTTEP PTT Exploration and Production Public
MSAP Management Shares Award Program Company Limited
MSCI Morgan Stanley Capital International PV Photovoltaic
MTBL Medco Thailand Bualuang Limited Pvt Ltd Private Limited
MW Mega Watt SEC Securities Exchange Commission
MWp Mega Watt peak SEOJK Surat Edaran Otoritas Jasa Keuangan
(Circular Letter of the Financial Services
O&M Operation & Maintenance
Authority)
OJK Otoritas Jasa Keuangan (Financial Services
SGX Singapore Stock Exchange
Authority)
SKK Migas Oil & Gas Regulatory Special Task Force
O&M Operation & Maintenance
SLA Side Letter Agreement
OPEC Organization of the Petroleum Exporting
Countries SRB PT Satria Raksa Buminusa
oz ounce TB Tuberculosis
plc Public Limited Company TCFD Task Force on Climate-related Financial
Disclosures
PLN Perusahaan Listrik Negara (State Eletricity
Company) tCO2e Tonnes of CO2 Equivalents
POJK Peraturan Otoritas Jasa Keuangan (Financial TRIR Total Recordable Incident Rate
Services Authorithy Regulations)
UN United Nations
PROPER Program Penilaian Peringkat Kinerja
Perusahaan dalam Pengelolaan Lingkungan UNFCCC United Nations Framework Convention on
(Company Performance Rating Program in Climate Change
Environmental Management)
USD United States Dollar
PSA Production Sharing Agreement
WMS Whistleblowing Management System
PT Medco Energi Internasional Tbk 2024 Annual Report 131
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Disclaimer
As of 2024, PT Medco Energi Internasional, Tbk. received In May 2024, PT Medco Energi Internasional, Tbk.
an MSCI ESG Rating of AA. was ranked 22 company in Oil & Gas Producers out of
294 by Morningstar Sustainalytics in terms of risk of
experiencing material financial impacts from ESG
factors. In no event the 2024 Annual Report shall be
Disclaimer Statement construed as investment advice or expert opinion as
The use by PT Medco Energi Internasional Tbk of any MSCI defined by the applicable legislation. The information
ESG Research LLC or its affiliates (“MSCI”) data, and the use contained or reflected herein is not directed to or
of MSCI logos, trademarks, service marks or index names intended for use or distribution to India-based clients or
herein, do not constitute a sponsorship, endorsement, users and its distribution to Indian resident individuals or
recommendation, or promotion of PT Medco Energi entities is not permitted, and Morningstar/Sustainalytics
Internasional Tbk by MSCI. MSCI services and data are accepts no responsibility or liability whatsoever for the
the property of MSCI or its information providers, and are actions of third parties in this respect.
provided ‘as-is’ and without warranty. MSCI names and
logos are trademarks or service marks of MSCI. Copyright ©2024 Morningstar Sustainalytics. All rights
reserved. The information, data, analyses and opinions
contained herein: (1) includes the proprietary information
of Sustainalytics and/or its content providers; (2) may
not be copied or redistributed except as specifically
authorized; (3) do not constitute investment advice nor an
endorsement of any product, project, investment strategy
or consideration of any particular environmental, social
or governance related issues as part of any investment
strategy; (4) are provided solely for informational purposes;
and (5) are not warranted to be complete, accurate or
timely. The ESG-related information, methodologies, tool,
ratings, data, and opinions contained or reflected herein
are not directed to or intended for use or distribution
to India-based clients or users and their distribution to
Indian resident individuals or entities is not permitted.
Neither Morningstar Inc., Sustainalytics, nor their content
providers accept any liability for the use of the information,
for actions of third parties in respect to the information,
nor are responsible for any trading decisions, damages
or other losses related to the information or its use. The
use of the data is subject to conditions available at https://
www.sustainalytics.com/legal-disclaimers.
132 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
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PT Medco Energi Internasional Tbk 2024 Annual Report 133
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Cross Reference to
OJK Requirements
Description Page
I. General Provision
1. In this Financial Services Authority Circular Letter what is meant by:
a. The Annual Report is a report on the Board of Directors and Board of Commissioners accountability in
managing and supervising issuers or public companies within a period of 1 (one) fiscal year to the general
meeting of shareholders prepared based on the provisions of the Financial Services Authority Regulation
concerning the Annual Report of issuers or public companies
b. Issuers are parties who make public offerings
c. A Public Company is a company whose shares are owned by at least 300 (three hundred) shareholders
and has a paid-up capital of at least Rp3,000,000,000.00 (three billion rupiah) or a number of
shareholders and paid-up capital as determined by the Financial Services Authority
d. A Public Company is an Issuer that has made a public offering of equity securities or a Publically- listed
Company
e. A Sustainability Report is a report published to the public that contains the economic, financial, social,
and environmental performance of a financial service institution, Issuer, and Public Company in running a
sustainable business
f Board of Directors:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the Board of
Directors as referred to in the Financial Services Authority Regulation concerning the Board of
Directors and Board of Commissioners of an Issuer or Public Company; and
2) For an Issuer or a Public Company in the form of a legal entity other than a limited liability company,
it is the body that carries out the management of the legal entity as referred to in the laws and
regulations concerning the legal entity.
g. Board of Commissioners:
1) For an Issuer or a Public Company in the form of a limited liability company, the Board of
Commissioners as referred to in the Financial Services Authority Regulation concerning the Board of
Directors and Board of Commissioners of an Issuer or Public Company; and
2) For the Issuer or Public Company in the form of a legal entity other than a limited liability company,
it is the body that supervises the legal entity as referred to in the laws and regulations concerning the
legal entity.
h. General Meeting of Shareholders hereinafter abbreviated as GMS:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the GMS as referred
to in the Financial Services Authority Regulation concerning the Planning and Organizing of the
General Meeting of Shareholders of a Public Company; and
2) For an Issuer or Public Company in the form of a legal entity other than a limited liability company,
it is the body that has authority that is not given to any other body that carries out management
and supervisory functions, within the limits specified in the legislation and/or articles of association
governing the legal entity.
2. The Annual Report of Issuers or Public Companies is an important source of information for investors or
shareholders as one of the basic considerations in making investment decisions and a means of supervision of
Issuers or Public Companies.
3. Along with the development of the capital market and the increasing need for information disclosure by
investors or shareholders, the Board of Directors and the Board of Commissioners are required to present
quality, accurate, and accountable information through the Annual Reports of Issuers or Public Companies.
4. Annual Reports that are prepared regularly and informatively can provide convenience for investors or
shareholders and stakeholders in obtaining the required information.
5 This Financial Services Authority Circular is a guideline for Issuers or Public Companies that must be applied in
preparing Annual Reports and Sustainability Reports.
134 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Description Page
II. Format of Annual Report
1. Annual Report should be presented in the printed format and in electronic document copy..
2. The printed version of the Annual Report should be printed on light-colored paper of fine quality, in A4 size,
bound and can be reproduced in good quality.
3. The Annual Report may present information in the form of pictures, graphs, tables, and/or diagrams by
including clear titles and/or descriptions, so that they are easy to read and understand.
4. The Annual Report presented in electronic document format is the Annual Report converted into pdf format.
III. Content Of Annual Report
1. Annual Report should contain at least the following information:
a. Summary of key financial information; 68
b. Stock information (if any); 70-71
c. The Board of Directors report; 12-15
d. The Board of Commissioners report; 10-11
e. Profile of Issuer or Public Company; 50-79, 124-131
f. Management discussion and analysis; 18-25
g. Good Corporate Governance applied by the Issuer or Public Company; 90-122
h. Corporate social and environmental responsibility of the Issuer or Public Company; 80-88
i. Audited annual report; and 145-506
j. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the Annual
123
Report;
2. Description of Content of Annual Report
a. Summary of Key Financial Information
Summary of Key Financial Information contains financial information presented in comparison with
previous 3 (three) fiscal years or since commencement of business if the Issuers or the Public Company
commencing the business less than 3 (three) years, at least contain:
1) income/sales;
2) gross profit;
3) profit (loss);
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling interest;
5) total comprehensive profit (loss);
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and non
controlling interest;
7) earning (loss) per share;
68-69
8) total assets;
9) total liabilities;
10) total equities;
11) profit (loss) to total assets ratio;
12) profit (loss) to equities ratio;
13) profit (loss) to income ratio;
14) current ratio;
15) liabilities to equities ratio;
16) liabilities to total assets ratio; and
17) other information and financial ratios relevant to the Issuer or Public Company and type of industry;
PT Medco Energi Internasional Tbk 2024 Annual Report 135
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2024 Management Business Company Sustainability Corporate Governance Attachments
Performance Discussion and Analysis Activities Profile
Description Page
b. Stock Information
Stock Information (if any) at least contains:
1) shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least covering:
a) number of outstanding shares;
b) market capitalization based on the price at the Indonesia Stock Exchange where the shares
listed on;
70
c) highest share price, lowest share price, closing share price at the Stock Exchange where the
shares listed on; and
d) share volume at the Stock Exchange where the shares listed on;
Information in point a) should be disclosed by the Issuer, the public company whose shares is listed
or not listed in the Indonesia Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a public company
whose shares is listed in the Indonesia Stock Exchange;
2) in the event of corporate actions, including stock split, reverse stock, dividend, bonus share, and
change in par value of shares, then the share price referred to in point 1), should be added with
explanation on:
a) date of corporate action; N.A
b) stock split ratio, reverse stock, dividend, bonus shares, and change in par value of shares;
c) number of outstanding shares prior to and after corporate action; and
d) The number of convertible securities exercised (if any); and
e) share price prior to and after corporate action;
3) in the event that the company’s shares were suspended and/or delisted from trading during the year
under review, then the Issuers or Public Company should provide explanation on the reason for the N.A
suspension and/or delisting; and
4) in the event that the suspension and/or delisting as referred to in point 3) was still in effect until the
date of the Annual Report, then the Issuer or the Public Company should also explain the corporate N.A
actions taken by the company in resolving the suspension and/or delisting;
c. The Board of Directors Report 12-15
The Board of Directors Report should at least contain the following items:
1) the performance of the Issuer or Public Company, at least covering:
a) strategy and strategic policies of the Issuer or Public Company;
b) Role of the Board of Directors in formulating strategies and strategic policies of Issuers or Public
Companies;
c) Process carried out by the Board of Directors to ensure the implementation of the Issuer’s or
Public Company’s strategy;
d) comparison between achievement of results and targets; and
e) challenges faced by the Issuer or Public Company;
2) description on business prospects;
3) implementation of good corporate governance by Issuer or Public Company; and 15
4) changes in the composition of the Board of Directors and the reason behind (if any); -
d. The Board of Commissioners Report
The Board of Commissioners Report should at least contain the following items:
1) Assessment on the performance of the Board of Directors in managing the Issuer or the Public
11
Company;
2) Supervision on the implementation of the strategy of the Issuer or Public Company; 10
136 PT Medco Energi Internasional Tbk 2024 Annual Report
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ENERGY FOR GROWTH
Description Page
3) View on the business prospects of the Issuer or Public Company as established by the Board of
11
Directors;
4) View on the implementation of the corporate governance by the Issuer or Public Company; 11
5) Changes in the composition of the Board of Commissioners and the reason behind (if any); and
e. Profile of the Issuer or Public Company
Profile of the Issuer or Public Company should cover at least:
1) Name of Issuer or Public Company, including change of name, reason of change, and the effective
78
date of the change of name during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, where public can
have access of information of the Issuer or Public Company, which include:
a) Address;
b) Telephone number; 79
c) Facsimile number;
d) E-mail address; and
e) Website address;
3) Brief history of the Issuer or Public Company; 52
4) Vision and mission of the Issuer or Public Company; 55
5) Line of business according to the latest Articles of Association, and types of products and/or services
78
produced;
6) Operational area of the Issuer or Public Company 2-3
7) Structure of organization of the Issuer or Public Company in chart form, at least 1 (one) level below
128
the Board of Directors, with the names and titles;
8) List of industry association memberships both on a national and international scale related to the
126-127
implementation of sustainable finance;
9) The Board of Directors profiles include:
a) Name and short description of duties and functions;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) history position, covering information on:
(1) Legal basis for appointment as member of the Board of Directors to the said Issuer or
Public Company; 58-59
(2) Dual position, as member of the Board of Directors, member of the Board of
Commissioners, and/or member of committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Directors, members of the Board of
Commissioners, majority and controlling shareholders, either directly or indirectly to individual
owners, including names of affiliated parties. In the event that a member of the Board of
Directors has no affiliation, the Issuer or Public Company shall disclose this matter; and
h) Changes in the composition of the members of the Board of Directors and the reasons for the
changes. In the event that there is no change in the composition of the members of the Board
of Directors, this matter shall be disclosed;
10) The Board of Commissioners profiles, at least include:
a) Name;
b) Latest photograph;
56-57
c) Age;
d) Citizenship;
e) Education;
f) History position, covering information on:
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Description Page
(1) Legal basis for the appointment as member of the Board of Commissioners who is not
Independent Commissioner at the said Issuer or Public Company;
(2) Legal bases for the first appointment as member of the Board of Commissioners who also
Independent Commissioner at the said Issuer or Public Company;
(3) Dual position; as member of the Board of Commissioners, member of the Board of
Directors, and/or member of committee and other position (if any); and
(4) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Commissioners, major shareholders, and
controllers either directly or indirectly to individual owners, including names of affiliated parties;
In the event that a member of the Board of Commissioners has no affiliation, the Issuer or Public
Company shall disclose this matter;
h) Statement of independence of Independent Commissioner in the event that the Independent
Commissioner has been appointed more than 2 (two) periods (if any);
i) Changes in the composition of the members of the Board of Commissioners and the reasons
for the changes. In the event that there is no change in the composition of the members of the
Board of Commissioners, this matter shall be disclosed;
11) In the event that there were changes in the composition of the Board of Commissioners and/or the
Board of Directors occurring between the period after year-end until the date the Annual Report
N.A
submitted, then the last and the previous composition of the Board of Commissioners and/or the
Board of Directors shall be stated in the Annual Report;
12) Number of employees by gender, position, age, education level, and employment status (permanent/
66-67
contracted) in the fiscal year; Disclosure of information can be presented in tabular form.
13) Names of shareholders and ownership percentage at the end of the fiscal year, including:
a) Shareholders having 5% (five percent) or more shares of Issuer or Public Company; 71
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 72
c) Groups of public shareholders, or groups of shareholders, each with less than 5% (five percent)
71
ownership shares of the Issuers or Public Company;
14) The percentage of indirect ownership of the shares of the Issuer or Public Company by members of
the Board of Directors and members of the Board of Commissioners at the beginning and end of
the fiscal year, including information on shareholders registered in the shareholder register for the
benefit of indirect ownership of members of the Board of Directors and members of the Board of
Commissioners;
15) Number of shareholders and ownership percentage at the end of the fiscal year, based on:
a) Ownership of local institutions; 71
b) Ownership of foreign institutions; 71
c) Ownership of local individual; and 71
d) Ownership of foreign individual; 71
16) Information on major shareholders and controlling shareholders the Issuers of Public Company,
directly or indirectly, and also individual shareholder, presented in the form of scheme or diagram;
17) Name of subsidiaries, associated companies, joint venture controlled by Issuers or Public Company,
48-49, 126-
with entity, percentage of stock ownership, line of business, total assets and operating status of the
127
Issuers of Public Company (if any);
For subsidiaries, include the addresses of the said subsidiaries; 79
18) Chronology of share listing, number of shares, par value, and bid price from the beginning of
listing up to the end of the financial year, and name of Stock Exchange where the Issuers of Public 71
Company shares are listed;
19) Other securities listing information other than the securities as referred to in number 18), which have
not yet matured in the fiscal year, at least contain the name of the securities, year of issue, interest 72-77
rate/yield, maturity date, offering value, and securities rating (if any);
20) Information on the use of a Public Accountant (AP) and a Public Accounting firm (KAP) services and
their networks/associations/alliances include:
122
a) name and address;
b) period of assignment;
c) informasi jasa audit dan/atau non audit yang diberikan;
d) Audit and/or non-audit fees for each assignment given during the fiscal year; and
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e) In the event that AP and KAP and their network/association/alliance, which are appointed do
not provide non-audit services, then the information is disclosed; and
21) Name and address of capital market supporting institutions and/or professionals other than AP and
79
KAP
f. Management Discussion and Analysis
Management Analysis and Discussion Annual should contain discussion and analysis on financial
statements and other material information emphasizing material changes that occurred during the year
under review, at least including:
1) Operational review per business segment, according to the type of industry of the Issuer or Public
Company including:
a) Production, including process, capacity, and growth; 28-49
b) Income/sales; and
c) Profitability;
2) comprehensive financial performance analysis which includes a comparison between the financial
performance of the last 2 (two) fiscal years, and explanation on the causes and effects of such
changes, among others concerning:
a) Current assets, non-current assets, and total assets;
b) Short term liabilities, long term liabilities, total liabilities; 20-24
c) Equities;
d) Sales/operating revenues, expenses and profit (loss), other comprehensive revenues, and total
comprehensive profit (loss); and
e) Cash flows
3) The capacity to pay debts by including the computation of relevant ratios; 68
4) Accounts receivable collectability of the Issuer or Public Company, including the computation of the
relevant ratios;
5) Capital structure and management policies concerning capital structure, including the basis for
23
determining the said policy;
6) discussion on material ties for the investment of capital goods, including the explanation on at least:
a) The purpose of such ties;
b) Source of funds expected to fulfill the said ties;
23
c) Currency of denomination; and
d) Steps taken by the Issuer of Public Company to protect the position of a related foreign currency
against risks;
7) Discussion on investment of capital goods which was realized in the last fiscal year, at least include:
a) Type of investment of capital goods;
23
b) Objective of the investment of capital goods; and
c) Value of the investment of capital goods;
8) Material Information and facts that occurring after the date of the accountant’s report (if any);
9) Information on the prospects of the Issuer or the Company in connection with industry,economy in
22
general, accompanied with supporting quantitative data if there is a reliable data source;
10) Comparison between target/projection at beginning of year and result (realization), concerning:
a) Income/sales;
b) Profit (loss);
c) Capital structure; or
d) Dividend policy; or
e) Others that deemed necessary for the Issuer or Public Company;
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11) Target/projection at most for the next one year of the Issuer or Public Company, concerning:
a) Income/sales;
b) Profit (loss);
c) Capital structure; or
d) Dividend policy;
e) Or others that deemed necessary for the Issuer or Public Company;
12) Marketing aspects of the company’s products and/or services the Issuer or Public Company, among
others marketing strategy and market share;
13) Description regarding the dividend policy during the last 2 (two) fiscal years, at least:
a) Dividend policy;
b) The date of the payment of cash dividend and/or date of distribution of non-cash dividend; 24
c) Amount of cash per share (cash and/or non cash); and
d) Amount of dividend per year paid;
Disclosure of information can be presented in tabular form. In the event that the Issuer or Public
Company does not distribute dividends in the last 2 (two) years, this matter shall be disclosed.
14) Use of proceeds from Public Offerings, under the condition of:
a) during the year under review, on which the Issuer has the obligation to report the realization of
the use of proceeds, then the realization of the cumulative use of proceeds until the year end
should be disclosed; and
b) In the event that there were changes in the use of proceeds as stipulated in the Regulation of
the Financial Services Authority on the Report of the Utilization of Proceeds from Public Offering,
then Issuer should explain the said changes;
15) Material information (if any), among others concerning investment, expansion, divestment,
acquisition, debt/capital restructuring, transactions with related parties and transactions with conflict
of interest that occurred during the year under review, among others include:
a) Transaction date, value, and object;
b) Name of transacting parties;
c) Nature of related parties (if any);
d) Description of the fairness of the transaction; and
e) Compliance with related rules and regulations;
f) In the event that there is an affiliation relationship, apart from disclosing the information as
referred to in letter a) to letter e), the Issuer or Public Company also discloses information:
1) A statement from the Board of Directors that the affiliate transaction has gone through
adequate procedures to ensure that the affiliate transaction is carried out in accordance
with generally accepted business practices, by complying with the arms-length principle;
and
2) The role of the Board of Commissioners and the audit committee in carrying out adequate
procedures to ensure that affiliated transactions are carried out in accordance with
generally accepted business practices, by complying with the arms-length principle;
g) For affiliated transactions or material transactions which are business activities carried out
to generate business income and are carried out regularly, repeatedly, and/or continuously,
an explanation is added that the affiliated transactions or material transactions are business
activities carried out to generate operating income. and run regularly, repeatedly, and/or
continuously;
h) For disclosure of affiliated transactions and/or conflict of interest transactions resulting from the
implementation of affiliated transactions and/or conflict of interest transactions that have been
approved by independent shareholders, additional information regarding the date of the GMS
which approved the affiliated transactions and/or conflict of interest transactions is added;
i) In the event that there is no affiliated transaction and/or conflict of interest transaction, then this
shall be disclosed;
16) Changes in regulation which have a significant effect on the Issuer or Public Company and impacts
on the company (if any); and
17) Changes in the accounting policy, rationale and impact on the financial statement (if any);
g. Good Corporate Governance of the Issuer or Public Company
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Good Corporate Governance of the Issuer or Public Company contains at least:
1) GMS, at least contains:
a) Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the
fiscal year include:
1) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized in
the fiscal year; and
92-94
2) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have not
been realized and the reasons for not realizing them;
b) In the event that the Issuer or Public Company uses an independent party in the conduct of the
GMS to calculate the votes, then this matter shall be disclosed;
2) The Board of Directors, covering: 98-101
a) The tasks and responsibilities of each member of the Board of Directors;
b) Statement that the Board of Directors has already have board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Directors, meetings
of the Board of Directors with the Board of Commissioners, and the level of attendance of
members of the Board of Directors in the meeting including attendance at the GMS;
d) Training and/or competency development of members of the Board of Directors:
(1) Policies for training and/or improving the competence of members of the Board of
Directors, including an orientation program for newly appointed members of the Board of
Directors (if any); and
(2) Training and/or competency improvement attended by members of the Board of Directors
in the fiscal year (if any);
e) The Board of Directors’ assessment of the performance of the committees that support the
implementation of the Board of Directors’ duties for the fiscal year shall at least contain:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, are competence and
attendance at meetings; and
f) In the event that the Issuer or Public Company does not have a committee that supports the
implementation of the duties of the Board of Directors, this matter shall be disclosed.
3) The Board of Commissioners, among others include: 94-98
a) Duties and responsibilities of the Board of Commissioners;
b) Statement that the Board of Commissioners has already have the board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Commissioners,
meetings of the Board of Commissioners with the Board of Directors and the level of attendance
of members of the Board of Commissioners in these meetings including attendance at the GMS;
d) Training and/or competency improvement of members of the Board of Commissioners:
(1) Policy on competency training and/or development of members of the Board of
Commissioners, including orientation programs for newly appointed members of the Board
of Commissioners (if any); and
(2) Competency training and/or development attended by members of the Board of
Commissioners in the fiscal year (if any);
e) The assessment on the performance of the Board of Directors and Board of Commissioners and
the implementation, at least covering:
(1) procedure for the implementation of performance assessment;
(2) Criteria used are performance achievements during the fiscal year, competency and
attendance at meetings; and
(3) Assessor;
f) Board of Commissioners’ assessment of the performance of the Committees that support the
implementation of the duties of the Board of Commissioners in the fiscal year includes:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, competency and
attendance at meetings;
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4) The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at
least contain:
a) Nomination procedure, including a brief description of the policies and process for nomination
of members of the Board of Directors and/or members of the Board of Commissioners; and
b) Procedures and implementation of remuneration for the Board of Directors and the Board of
Commissioners, among others:
101-102
(1) Procedures for determining remuneration for the Board of Directors and the Board of
Commissioners;
(2) The remuneration structure of the Board of Directors and the Board of Commissioners such
as salary, allowances, tantiem/bonus and others; and
(3) The amount of remuneration for each member of the Board of Directors and member of
the Board of Commissioners
5) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on sharia law, as
stipulated in the articles of association, at least containing:
a) name;
b) Legal basis for the appointment of the sharia supervisory board;
N.A.
c) Period of assignment of the sharia supervisory board;
d) duty and responsibility of Sharia Supervisory Board; and
e) frequency and procedure in providing advice and suggestion, as well as the compliance of
Sharia Principles by the Issuer or Public Company in the Capital Market;
6) Audit Committee, among others covering:
a) Name and position in the committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position; including:
(1) Legal basis for appointment as committee member;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/
or member of committee, and other position (if any); and 104-106
(3) working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) statement of independence of the Audit Committee;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Policies and implementation of the frequency of audit committee meetings and the level of
attendance of audit committee members in those meetings; and
j) the activities of the Audit Committee in the year under review, in accordance with the Audit
Committee Charter;
7) The nomination & remuneration committee or function of the Issuer or Public Company, at least
containing:
a) Name and position in committee membership;
b) Age;
c) Nationality;
d) Educational history; 106-108
e) Position history, including information on:
(1) Legal basis for appointment as committee member;
(2) Concurrent positions, either as a member of the Board of Commissioners, member of the
Board of Directors, and/or committee member and other positions (if any); and
(3) Work experience and period of time both inside and outside the Issuer or Public Company;
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f) Period and term of office of the committee members;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Description of duties and responsibilities;
j) A statement that it has a guideline or charter;
k) Policies and implementation of the frequency of meetings and the level of attendance of
members at the meeting;
l) Brief description of the implementation of activities in the fiscal year; and
m) In the event that no nomination & remuneration committee is formed, the Issuer or Public
Company is sufficient to disclose the information as referred to in letter i) to letter l) and disclose:
(1) Reasons for not forming the committee; and
(2) The party carrying out the nomination and remuneration function;
8) Other committees owned by Issuers or Public Companies in order to support the functions and tasks
of the Board of Directors (if any) and / or committees that support the functions and duties of the
Board of Commissioners, the least contains:
a) Name and position in the Committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position, including:
(1) Legal basis for the appointment as member of the committee;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/
or member of committee, and other position (if any); and 109-110
(3) Working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any); and
i) Description of duties and responsibilities;
j) A statement that the committee has had guidelines or charters;
k) Policies and implementation of the frequency of committee meetings and the level of
attendance of committee members at the meeting; and
l) A brief description of the committee’s activities for the fiscal year;
9) Corporate Secretary, including:
a) name;
b) domicile;
c) history of position, including:
(1) legal basis for the appointment as Corporate Secretary; and
111-113
(2) working experience and period in and outside the Issuer or Public Company;
d) education background;
e) education and/or training during the year under review; and
f) brief description on the implementation of duties of the Corporate Secretary in the year under
review;
10) Internal Audit Unit, among others including:
a) Name of Head of Internal Audit Unit; 113-116
b) History of position, including:
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(1) Legal basis for the appointment as Head of Internal Audit Unit; and
(2) Working experience and period in and outside the Issuer or Public Company;
c) Qualification or certification as internal auditor (if any);
d) Education and/or training during the year under review;
e) Structure and position of Internal Audit Unit;
f) Description of duties and responsibilities;
g) Statement that the Internal Audit Unit has already have Internal Audit Unit charter; and
h) Brief description on the implementation of duty of Internal Audit Unit during the year under
review;
11) Description on internal control system adopted by the Issuer or Public Company, at least covering:
a) Financial and operational control, and compliance to the other prevailing rules; and
116
b) Review on the effectiveness of internal control systems;
c) Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the
internal control system;
12) Risk management system implemented by the company, at least includes:
a) General description about the company’s risk management system the Issuer or Public
Company;
b) Types of risk and the management; and
109-110
c) Review the effectiveness of the risk management system applied by the Issuer or Public
Company;
d) Statement of the Board of Directors and/or the Board of Commissioners or the audit committee
on the adequacy of the risk management system;
13) Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members
of the Board of Directors and members of the Board of Commissioners (if any), at least contain:
a) Substance of the case/claim;
b) Status of settlement of case/claim; and
c) Potential impacts on the condition of the Issuer or Public Company;
14) information about administrative sanctions imposed to Issuer or Public Company, members of
the Board of Commissioners and the Board of Directors, by the Capital Market Authority and other
authorities during the last fiscal year (if any);
15) information about codes of conduct of the Issuer or Public Company, includes:
a) Key points of the code of conduct;
110-111
b) Socialization of the code of conduct and enforcement; and
c) Statement that the code of conduct is applicable for the Board of Commissioners, the Board of
Directors, and employees of the Issuer of Public Company;
16) A brief description of the policy of providing long-term performance-based compensation to
management and/or employees owned by the Issuer or Public Company (if any), including the
management stock ownership program (MSOP) and/or program employee stock ownership (ESOP);
a) Number of shares and/or options;
119-121
b) Implementation period;
c) Requirements for eligible employees and/or management; and
d) Exercise price or determination of exercise price;
17) A brief description of the information disclosure policy regarding:
a) Share ownership of members of the Board of Directors and members of the Board of
Commissioners no later than 3 (three) working days after the occurrence of ownership or any 121
change in ownership of shares of a Public Company; and
b) Implementation of the policy;
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18) Description of whistleblowing system at the Issuer or Public Company (if any), among others include:
a) Mechanism for violation reporting;
b) Protection for the whistleblower;
c) Handling of violation reports;
117-119
d) Unit responsible for handling of violation report; and
e) Results from violation report handling, at least includes:
(1) Number of complaints received and processed during the fiscal year; and
(2) Follow up of complaints;
19) A description of the anti-corruption policy of the Issuer or Public Company, at least containing:
a) Programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud,
bribery and/or gratification in Issuers or Public Companies; and
b) Anti-corruption training/socialization to employees of Issuers or Public Companies;
20) Implementation of the Guidelines of Corporate Governance for Public Companies for Issuer issuing
Equity-based Securities or Public Company, including:
a) statement regarding recommendation that have been implemented; and/or
b) description of recommendation that have not been implemented, along with the reason and
alternatives of implementation (if any);
h. Social and Environmental Responsibility of the Issuer or Public Company
1) The information disclosed in the social and environmental responsibility section is a Sustainability
Report as referred to in the Financial Services Authority Regulation Number 51/POJK.03/2017
concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and
Public Companies, at at least includes:
a) Explanation of the sustainability strategy;
b) Overview of sustainability aspects (economic, social, and environmental);
c) Brief profile of the Issuer or Public Company;
d) Explanation of the Board of Directors;
N.A
e) Sustainability governance;
f) Sustainability performance;
g) Written verification from an independent party, if any;
h) Feedback sheet for readers, if any; and
i) The response of the Issuer or Public Company to the previous year’s report feedback;
2) The Sustainability Report as referred to in number 1) must be prepared in accordance with the
Technical Guidelines for the Preparation of a Sustainability Report for Issuers and Public Companies
as contained in Appendix II which is an integral part of this Financial Services Authority Circular
Letter;
3) Information on the Sustainability Report in number 1) can:
a) Disclosed in other relevant sections outside the Social and Environmental Responsibility section,
such as the Directors’ explanation regarding the Sustainability Report disclosed in the section
related to the Directors’ Report; and/or
b) Refers to other sections outside the Social and Environmental Responsibility section by still
referring to the Technical Guidelines for the Preparation of Sustainability Reports for Issuers and
Public Companies as listed in Appendix II which is an integral part of this Financial Services
Authority Circular Letter, such as the profile of the Issuer or Public Company;
4) The Sustainability Report as referred to in number 1) is an inseparable part of the Annual Report but
can be presented separately from the Annual Report;
5) In the event that the Sustainability Report is presented separately from the Annual Report, the
information disclosed in the Sustainability Report must:
a) Contains all the information as referred to in number 1); and
b) Prepared in accordance with the Technical Guidelines for the Preparation of a Sustainability
Report for Issuers and Public Companies as listed in Appendix II which is an integral part of this
Financial Services Authority Circular Letter;
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6) In the event that the Sustainability Report is presented separately from the Annual Report, then the
Social and Environmental Responsibility section contains information that information on Social
and Environmental Responsibility has been disclosed in the Sustainability Report which is presented
separately from the Annual Report; and
7) Submission of the Sustainability Report which is presented separately from the Annual Report must
be submitted together with the Annual Report.
i Audited Annual Financial Statement 145-506
Financial Statements included in Annual Report should be prepared in accordance with the Financial
Accounting Standards in Indonesia and audited by an Accountant. The said financial statement should
be included with statement of responsibility for financial report as stipulated in the legislations in the
Capital Markets sector governing the responsibility of the Board of Directors on the financial report or the
legislations in the Capital Markets sector governing the periodic reports of securities company in the event
the Issuer is a Securities Company; and
j Letter of Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility
123
for Annual Reporting
Letter of statement of the Board of Directors and the Board of Commissioners regarding the responsibility
for Annual Reporting should be prepared according to the format of letter of statement of member of
Board of Directors and the Board of Commissioners regarding the responsibility for Annual Reporting as
attached in the Attachment, which is an integral part of this Circulation Letter of the Financial Services
Authority.
146 PT Medco Energi Internasional Tbk 2024 Annual Report
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PT Medco Energi Internasional Tbk
dan entitas anaknya/and its subsidiaries
Laporan keuangan konsolidasian
tanggal 31 Desember 2024
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements
as of December 31, 2024 for the year then ended
with independent auditor's report
PT Medco Energi Internasional Tbk 2024 Annual Report
147
Page 150
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2024 AS OF DECEMBER 31, 2024
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR THEN ENDED
TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/
Page
Surat Pernyataan Direksi Statement of the Board of Directors
Consolidated Statement of Financial
Laporan Posisi Keuangan Konsolidasian .................. 1-3 ................................................................. Position_
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian ........................ 4-6 ........................and Other Comprehensive Income_
Consolidated Statement of Changes in
Laporan Perubahan Ekuitas Konsolidasian .............. 7-8 .................................................................... Equity_
Laporan Arus Kas Konsolidasian ................................ 9-10 ...................Consolidated Statement of Cash Flows
Notes to the Consolidated Financial
Catatan Atas Laporan Keuangan Konsolidasian .... 11-337 .............................................................Statements_
Informasi Tambahan ..................................................... 338-344 ......................................Supplementary Information
***************************
148 PT Medco Energi Internasional Tbk 2024 Annual Report
Page 151
PT Medco Energi Internasional Tbk 2024 Annual Report
149
147
Page 152
150 148 PT Medco Energi Internasional Tbk 2024 Annual Report
Page 153
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 5/1/III/2025
Pemegang Saham, Dewan Komisaris, dan The Shareholders and the Boards of
Direksi Commissioners and Directors
PT Medco Energi Internasional Tbk PT Medco Energi Internasional Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT Medco Energi Internasional Tbk financial statements of PT Medco Energi
(“Perusahaan”) dan entitas anaknya (secara Internasional Tbk (the “Company”) and its
kolektif disebut sebagai “Grup”) terlampir, yang subsidiaries (collectively referred to as the
terdiri dari laporan posisi keuangan konsolidasian “Group”), which comprise the consolidated
tanggal 31 Desember 2024, serta laporan laba statement of financial position as of December 31,
rugi dan penghasilan komprehensif lain 2024, and the consolidated statement of profit or
konsolidasian, laporan perubahan ekuitas loss and other comprehensive income,
konsolidasian, dan laporan arus kas konsolidasian consolidated statement of changes in equity, and
untuk tahun yang berakhir pada tanggal tersebut, consolidated statement of cash flows for the year
serta catatan atas laporan keuangan then ended, and notes to the consolidated financial
konsolidasian, termasuk informasi kebijakan statements, including material accounting policy
akuntansi material. information.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar, financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan respects, the consolidated financial position of the
konsolidasian Grup tanggal 31 Desember 2024, Group as of December 31, 2024, and its
serta kinerja keuangan dan arus kas consolidated financial performance and cash flows
konsolidasiannya untuk tahun yang berakhir pada for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar Indonesian Financial Accounting Standards.
Akuntansi Keuangan di Indonesia.
i
PT Medco Energi Internasional Tbk 2024 Annual Report
151
Page 154
The original report included herein is in
the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan (“IICPA”). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan Responsibilities for the Audit of the Consolidated
Konsolidasian pada laporan kami. Kami Financial Statements paragraph of our report. We
independen terhadap Grup berdasarkan are independent of the Group in accordance with
ketentuan etika yang relevan dalam audit kami the ethical requirements relevant to our audit of
atas laporan keuangan konsolidasian di Indonesia, the consolidated financial statements in Indonesia,
dan kami telah memenuhi tanggung jawab etika and we have fulfilled our other ethical
lainnya berdasarkan ketentuan tersebut. Kami responsibilities in accordance with such
yakin bahwa bukti audit yang telah kami peroleh requirements. We believe that the audit evidence
adalah cukup dan tepat untuk menyediakan suatu we have obtained is sufficient and appropriate to
basis bagi opini kami. provide a basis for our opinion.
Hal audit utama Key audit matters
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal of the current period. Such key audit matters were
audit utama tersebut disampaikan dalam konteks addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini and in forming our opinion thereon, and we do not
kami atas laporan keuangan konsolidasian terkait, provide a separate opinion on such key audit
dan kami tidak menyatakan suatu opini terpisah matters. For the key audit matter below, our
atas hal audit utama tersebut. Untuk hal audit description of how our audit addressed such key
utama di bawah ini, penjelasan kami tentang audit matter is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.
ii
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Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Hal audit Utama (lanjutan) Key audit matters (continued)
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk our report, including in relation to the key audit
sehubungan dengan hal audit utama yang matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu, audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas of material misstatement of the accompanying
risiko kesalahan penyajian material dalam laporan consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan performed to address the key audit matter below,
untuk merespons hal audit utama di bawah ini, provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan accompanying consolidated financial statements.
keuangan konsolidasian terlampir.
Estimasi atas cadangan minyak dan gas bumi Estimation of oil and gas reserves
Penjelasan atas hal audit utama: Description of the key audit matter:
Cadangan minyak dan gas bumi digunakan dalam Oil and gas reserves are used in the calculation of
perhitungan depresiasi, deplesi, dan amortisasi the depreciation, depletion and amortization
(“DD&A”) aset minyak dan gas bumi Grup, expenses (“DD&A”) of the Group’s oil and gas
pengujian penurunan nilai aset minyak dan gas properties, impairment testing of oil and gas
bumi, dan penilaian atas pemulihan aset pajak properties, and assessment of recoverability of
tangguhan dari kegiatan operasi minyak dan gas deferred tax assets related to oil and gas
bumi, yang merupakan pos material dalam operations, which are material line items in the
laporan keuangan konsolidasian terlampir. Grup accompanying consolidated financial statements.
telah melibatkan pakar internal (pakar cadangan) The Group has involved management’s internal
dan pakar eksternal manajemen (konsultan teknik experts (reservoir engineers) and external experts
perminyakan independen) dalam estimasi (independent petroleum engineering consultants)
cadangan minyak dan gas bumi. in the estimation of the oil and gas reserves.
iii
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Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Hal audit Utama (lanjutan) Key audit matters (continued)
Estimasi atas cadangan minyak dan gas bumi Estimation of oil and gas reserves (continued)
(lanjutan)
Penjelasan atas hal audit utama: (lanjutan) Description of the key audit matter: (continued)
Sebagaimana diungkapkan pada Catatan 3 atas As described in Note 3 to the accompanying
laporan keuangan konsolidasian terlampir, consolidated financial statements, the estimation
estimasi atas cadangan minyak dan gas bumi of oil and gas reserves is complex as the
bersifat kompleks karena asumsi yang digunakan assumptions used involve significant judgments
melibatkan pertimbangan dan estimasi signifikan, and estimates, among others, price assumptions,
antara lain, asumsi harga, prakiraan produksi, dan production forecasts, and future operating and
asumsi biaya operasi dan biaya modal masa capital cost assumptions.
depan.
Pengungkapan manajemen atas DD&A dan The management’s disclosures on the DD&A and
pengujian penurunan nilai aset minyak dan gas impairment test of oil and gas properties, and
bumi, serta penilaian atas pemulihan aset pajak assessment of recoverability of deferred tax assets
tangguhan diungkapkan masing-masing pada are included in Notes 18 and 38, respectively, to
Catatan 18 dan 38 atas laporan keuangan the accompanying consolidated financial
konsolidasian terlampir. statements.
Respons audit: Audit response:
Kami memeroleh pemahaman atas proses We obtained an understanding of the oil and gas
estimasi cadangan minyak dan gas bumi Grup dan reserves estimation process of the Group and
kami menilai kompetensi, kapabilitas, dan assessed the competence, capability, and
objektivitas pakar internal dan eksternal objectivity of management’s internal and external
manajemen yang terlibat dalam proses estimasi experts who were involved in the estimation
cadangan minyak dan gas bumi. process of the oil and gas reserves.
iv
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Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Hal audit Utama (lanjutan) Key audit matters (continued)
Estimasi atas cadangan minyak dan gas bumi Estimation of oil and gas reserves (continued)
(lanjutan)
Respons audit: (lanjutan) Audit response: (continued)
Kami menganalisis pergerakan material atas We analyzed material movements in the reserves
cadangan minyak dan gas bumi pada tahun volume during the year and assessed whether the
berjalan dan menilai apakah kenaikan atau increases or decreases in the reserves volume had
penurunan tersebut terjadi pada periode yang taken place in the proper period through
tepat melalui inspeksi dokumen pendukung inspection of underlying supporting documents,
seperti laporan produksi, rencana pengembangan such as production reports, plan of developments
dan perjanjian pasokan gas, jika dapat diterapkan. and gas supply agreements, as applicable. We
Kami mengevaluasi kewajaran asumsi-asumsi evaluated the reasonableness of the key
utama yang mendasari penentuan cadangan assumptions underlying reserves determination
dengan membandingkan prakiraan harga yang by comparing forecast prices used in the reserves
digunakan terhadap prakiraan harga dari pihak calculation to the forecast prices from third
ketiga dan membandingkan prakiraan biaya modal parties and by comparing forecast capital
dan biaya produksi terhadap rencana jangka expenditures and production costs to the Group’s
panjang Grup dan hasil historis. long-term planning and historical results.
Kami menguji apakah data pada laporan cadangan We tested whether the data in the oil and gas
minyak dan gas bumi telah secara konsisten reserves report were consistently applied in the
digunakan pada pos laporan keuangan terkait, related financial statement items, such as DD&A,
seperti DD&A, pengujian penurunan nilai aset impairment test of oil and gas properties, and
minyak dan gas bumi, serta penilaian atas assessment of recoverability of deferred tax
pemulihan aset pajak tangguhan dari operasi assets related to oil and gas operations.
minyak dan gas bumi.
v
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Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Informasi lain Other information
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan 2024 PT information included in the 2024 Annual Report PT
Medco Energi Internasional Tbk (“Laporan Medco Energi Internasional Tbk (the “Annual
Tahunan”) selain laporan keuangan konsolidasian Report”) other than the accompanying
terlampir dan laporan auditor independen kami. consolidated financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi independent auditor’s report thereon. The Annual
kami setelah tanggal laporan auditor independen Report is expected to be made available to us after
ini. the date of this independent auditor’s report.
Opini kami atas laporan keuangan konsolidasian Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan form of assurance on the Annual Report.
tersebut.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung consolidated financial statements, our
jawab kami adalah untuk membaca Laporan responsibility is to read the Annual Report when it
Tahunan ketika tersedia dan, dalam becomes available and, in doing so, consider
melaksanakannya, mempertimbangkan apakah whether the Annual Report is materially
Laporan Tahunan mengandung inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan financial statements or our knowledge obtained in
keuangan konsolidasian terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, misstated.
atau mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika When we read the Annual Report, if we conclude
kami menyimpulkan bahwa terdapat suatu that there is a material misstatement therein, we
kesalahan penyajian material di dalamnya, kami are required to communicate the matter to those
diharuskan untuk mengomunikasikan hal charged with governance and take appropriate
tersebut kepada pihak yang bertanggung jawab actions based on the applicable laws and
atas tata kelola dan melakukan tindakan yang regulations.
tepat berdasarkan peraturan perundang-
undangan yang berlaku.
vi
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the Indonesian language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the consolidated
laporan keuangan konsolidasian financial statements
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh control as management determines is necessary to
manajemen untuk memungkinkan penyusunan enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas dari statements that are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.
Dalam penyusunan laporan keuangan In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab management is responsible for assessing the
untuk menilai kemampuan Grup dalam Group’s ability to continue as a going concern,
mempertahankan kelangsungan usahanya, disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal- concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha, accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan liquidate the Group or to cease its operations, or
usaha, kecuali manajemen memiliki intensi untuk has no realistic alternative but to do so.
melikuidasi Grup atau menghentikan operasi, atau
tidak memiliki alternatif yang realistis selain
melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses overseeing the Group’s financial reporting process.
pelaporan keuangan Grup.
vii
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Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian consolidated financial statements
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari statements taken as a whole are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan, to issue an independent auditor’s report that
dan untuk menerbitkan laporan auditor includes our opinion. Reasonable assurance is a
independen yang mencakup opini kami. Keyakinan high level of assurance, but is not a guarantee that
memadai merupakan suatu tingkat keyakinan an audit conducted in accordance with Standards
tinggi, namun bukan merupakan suatu jaminan on Auditing established by the IICPA will always
bahwa audit yang dilaksanakan berdasarkan detect a material misstatement when it exists.
Standar Audit yang ditetapkan oleh IAPI akan Misstatements can arise from fraud or error and
selalu mendeteksi kesalahan penyajian material are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun influence the economic decisions of users taken on
kesalahan dan dianggap material jika, baik secara the basis of these consolidated financial
individual maupun agregat, dapat diekspektasikan statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan misstatement of the consolidated financial
konsolidasian, baik yang disebabkan oleh statements, whether due to fraud or error,
kecurangan maupun kesalahan, mendesain design and perform audit procedures
dan melaksanakan prosedur audit yang responsive to such risks, and obtain audit
responsif terhadap risiko tersebut, serta evidence that is sufficient and appropriate to
memeroleh bukti audit yang cukup dan tepat provide a basis for our opinion. The risk of not
untuk menyediakan basis bagi opini kami. detecting a material misstatement resulting
Risiko tidak terdeteksinya suatu kesalahan from fraud is higher than for one resulting from
penyajian material yang disebabkan oleh error, as fraud may involve collusion, forgery,
kecurangan lebih tinggi dari yang disebabkan intentional omissions, misrepresentations, or
oleh kesalahan, karena kecurangan dapat override of internal control.
melibatkan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian atas pengendalian internal.
viii
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Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan) consolidated financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal Grup. the Group’s internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit evidence
diperoleh, apakah terdapat suatu obtained, whether a material uncertainty exists
ketidakpastian material yang terkait dengan related to events or conditions that may cast
peristiwa atau kondisi yang dapat significant doubt on the Group's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Grup untuk mempertahankan that a material uncertainty exists, we are
kelangsungan usahanya. Ketika kami required to draw attention in our independent
menyimpulkan bahwa terdapat suatu auditor’s report to the related disclosures in
ketidakpastian material, kami diharuskan the consolidated financial statements or, if
untuk menarik perhatian dalam laporan such disclosures are inadequate, to modify our
auditor independen kami ke pengungkapan opinion. Our conclusion is based on the audit
terkait dalam laporan keuangan konsolidasian evidence obtained up to the date of our
atau, jika pengungkapan tersebut tidak independent auditor’s report. However, future
memadai, memodifikasi opini kami. events or conditions may cause the Group to
Kesimpulan kami didasarkan pada bukti audit cease to continue as a going concern.
yang diperoleh hingga tanggal laporan auditor
independen kami. Namun, peristiwa atau
kondisi masa depan dapat menyebabkan Grup
tidak dapat mempertahankan kelangsungan
usaha.
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Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00493/2.1032/AU.1/02/0696- Report No. 00493/2.1032/AU.1/02/0696-
5/1/III/2025 (lanjutan) 5/1/III/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan) consolidated financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan konsolidasian secara and content of the consolidated financial
keseluruhan, termasuk pengungkapannya, statements, including the disclosures, and
dan apakah laporan keuangan konsolidasian whether the consolidated financial statements
mencerminkan transaksi dan peristiwa yang represent the underlying transactions and
mendasarinya dengan suatu cara yang events in a manner that achieves fair
mencapai penyajian wajar. presentation.
Memeroleh bukti audit yang cukup dan tepat Obtain sufficient appropriate audit evidence
terkait informasi keuangan entitas atau regarding the financial information of the
aktivitas bisnis dalam Grup untuk menyatakan entities or business activities within the Group
opini atas laporan keuangan konsolidasian. to express an opinion on the consolidated
Kami bertanggung jawab atas arahan, financial statements. We are responsible for
supervisi, dan pelaksanaan audit grup. Kami the direction, supervision, and performance of
tetap bertanggung jawab sepenuhnya atas the group audit. We remain solely responsible
opini audit kami. for our audit opinion.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi during our audit.
oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika relevant ethical requirements regarding
yang relevan mengenai independensi, dan independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami, independence, and where applicable, related
dan, jika relevan, pengamanan terkait. safeguards.
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161
Page 164
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN OF FINANCIAL POSITION
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2024 2023
ASET ASSETS
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 2,4 637.024.448 353.948.953 Cash and cash equivalents
Investasi jangka pendek 2,5 11.025.523 10.997.817 Short-term investments
Deposito dan rekening bank yang Restricted time deposits and cash
dibatasi penggunaannya 2,13 60.411.625 70.786.698 in banks
Piutang usaha 2,6 Trade receivables
- Pihak berelasi 8.442 69.401 Related parties -
- Pihak ketiga 361.303.415 347.794.448 Third parties -
Piutang lain-lain 2,7 Other receivables
- Pihak berelasi 109.155.022 64.311.886 Related parties -
- Pihak ketiga 120.933.309 157.832.652 Third parties -
Piutang sewa pembiayaan - bagian
yang jatuh tempo dalam satu Finance lease receivables -
tahun 2,8 30.826.137 38.149.716 current maturities
Aset keuangan konsesi - bagian
yang jatuh tempo dalam satu Concession financial assets -
tahun 2,9 33.383.537 32.833.257 current maturities
Persediaan 2,10 156.124.598 126.768.353 Inventories
Pajak dibayar di muka 2,11 2.260.789 5.932.028 Prepaid taxes
Estimasi pengembalian pajak 2,11 1.776.473 – Estimated claim for tax refunds
Investasi pada saham 2,14 115.657.000 – Investment in shares
Beban dibayar di muka 2,12 9.572.024 10.604.947 Prepaid expenses
Aset derivatif 2,27 1.873.705 2.393.239 Derivative assets
Aset dimiliki untuk dijual 2,39 43.461.065 192.150.474 Assets held for sale
Aset lancar lain-lain 20 122.179.138 132.074.910 Other current assets
Jumlah Aset Lancar 1.816.976.250 1.546.648.779 Total Current Assets
ASET TIDAK LANCAR NON-CURRENT ASSETS
Piutang lain-lain 2,7 Other receivables
- Pihak berelasi 502.193 1.175.893 Related parties -
- Pihak ketiga 15.312.282 15.695.772 Third parties -
Piutang sewa pembiayaan - setelah
dikurangi bagian yang jatuh tempo Finance lease receivables - net of
dalam satu tahun 2,8 119.966.586 124.478.495 current maturities
Aset keuangan konsesi - setelah
dikurangi bagian yang jatuh tempo Concession financial assets - net
dalam satu tahun 2,9 547.347.966 461.038.028 of current maturities
Deposito dan rekening bank yang Restricted time deposits and cash
dibatasi penggunaannya 2,13 – 134.709 in banks
Estimasi pengembalian pajak 2,11 4.621.359 4.244.792 Estimated claim for tax refunds
Aset pajak tangguhan 2,38 130.565.420 138.264.206 Deferred tax assets
Investasi pada saham 2,14 1.819.827.099 1.652.985.632 Investment in shares
Aset tetap 2,15 109.403.217 64.675.306 Property, plant and equipment
Aset hak guna 2,16 235.228.298 215.276.954 Right-of-use assets
Aset eksplorasi dan evaluasi 2,17 241.560.433 241.321.738 Exploration and evaluation assets
Aset minyak dan gas bumi 2,18 2.672.120.077 2.879.392.264 Oil and gas properties
Goodwill 2,19 39.066.445 39.066.445 Goodwill
Aset derivatif 2,27 25.924.201 25.672.882 Derivative assets
Aset lain-lain 20 148.468.539 58.244.374 Other assets
Jumlah Aset Tidak Lancar 6.109.914.115 5.921.667.490 Total Non-current Assets
JUMLAH ASET 7.926.890.365 7.468.316.269 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
162 PT Medco Energi Internasional Tbk 2024 Annual Report
1
Page 165
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2024 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Pinjaman bank jangka pendek 2,28 54.691.856 147.595.813 Short-term bank loans
Utang usaha 2,21 Trade payables
- Pihak berelasi 37.769.518 40.044.334 Related parties -
- Pihak ketiga 305.828.073 248.142.272 Third parties -
Utang lain-lain 2,23 Other payables
- Pihak berelasi 15.168.241 15.361.309 Related parties -
- Pihak ketiga 132.091.345 101.412.447 Third parties -
Utang pajak 2,25 76.869.454 85.509.669 Taxes payable
Accrued expenses and other
Biaya akrual dan provisi lain-lain 2,26 276.060.037 240.001.718 provisions
Liabilitas derivatif 2,27 12.653.816 8.989.394 Derivative liabilities
Liabilitas yang secara langsung
berhubungan dengan aset dimiliki Liabilities directly associated with
untuk dijual 2,39 13.817.699 72.105.575 assets held for sale
Pinjaman jangka panjang yang jatuh Current maturities of long-term
tempo dalam satu tahun 2 debts
- Pinjaman bank 28 162.501.916 156.613.607 Bank loans -
- Pinjaman dari instansi keuangan Loans from non-bank - financial -
non-bank 29 14.871 3.438.090 institutions .
- Obligasi Rupiah 29 211.478.310 87.853.017 Rupiah bonds -
Liabilitas sewa 24 130.372.051 123.824.579 Lease liabilities
Liabilitas kontrak 22 76.068.456 91.178.344 Contract liabilities
Jumlah Liabilitas Jangka Pendek 1.505.385.643 1.422.070.168 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Liabilitas jangka panjang setelah
dikurangi bagian yang jatuh tempo Long-term liabilities - net of current
dalam satu tahun 2 maturities
- Pinjaman bank 28 1.028.429.769 691.356.819 Bank loans -
- Pinjaman dari instansi keuangan Loans from non-bank - financial -
non-bank 29 69.990.180 21.212.390 institutions .
- Obligasi Rupiah 29 330.777.880 422.274.407 Rupiah bonds -
- Obligasi Dolar AS 29 1.442.197.561 1.765.072.297 US Dollar bonds -
Liabilitas sewa 24 147.515.311 114.636.832 Lease liabilities
Liabilitas kontrak 22 83.090.632 948.536 Contract liabilities
Utang lain-lain 2,23 91.048.352 85.709.640 Other payables
Liabilitas pajak tangguhan 2,38 686.476.118 730.969.579 Deferred tax liabilities
Liabilitas imbalan kerja jangka Long-term employee benefits
panjang 2,42 35.598.353 31.523.104 liabilities
Liabilitas derivatif 2,27 30.742.102 10.278.206 Derivative liabilities
Asset abandonment and site
Liabilitas pembongkaran aset dan restoration obligations and other
restorasi area dan provisi lain-lain 2,51 124.606.895 144.668.299 provisions
Jumlah Liabilitas Jangka Panjang 4.070.473.153 4.018.650.109 Total Non-current Liabilities
Jumlah Liabilitas 5.575.858.796 5.440.720.277 Total Liabilities
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
2
PT Medco Energi Internasional Tbk 2024 Annual Report
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Page 166
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2024 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
(lanjutan) (continued)
EKUITAS EQUITY
Modal saham - nilai nominal Capital stock - par value
Rp25 per saham Rp25 par value per share
- Modal dasar Authorized -
55.000.000.000 saham pada
55,000,000,000 shares as of
tanggal 31 Desember 2024 dan
December 31, 2024 and 2023
2023
- Diterbitkan dan disetor penuh Issued and fully paid -
25.136.231.252 saham pada
tanggal 31 Desember 2024 dan 25,136,231,252 shares as of
2023 121.798.946 121.798.946 December 31, 2024 and 2023
- Saham treasuri Treasury shares -
71.453.088 saham pada tanggal 71,453,088 shares as of
31 Desember 2024 dan December 31, 2024 and
106.731.368 saham pada tanggal 106,731,368 shares as of
31 Desember 2023 (346.230) (517.173) December 31, 2023
31 121.452.716 121.281.773
Tambahan modal disetor 32 498.076.092 496.239.219 Additional paid-in capital
Dampak perubahan transaksi Effects of changes in equity
ekuitas entitas anak/entitas transactions of subsidiaries/
asosiasi 33 (72.514.729) (72.514.729) associates
Selisih kurs karena penjabaran
laporan keuangan 2 (35.151.908) (37.367.121) Translation adjustments
Penyesuaian nilai wajar atas Fair value adjustment on cash flow
instrumen lindung nilai arus kas 2 11.809.109 17.532.866 hedging instruments
Selisih nilai transaksi dengan Difference in value of transactions
kepentingan nonpengendali 2 6.400.562 6.400.562 with non-controlling interests
Bagian laba komprehensif lain dari Share of other comprehensive
entitas asosiasi dan ventura income of associates and joint
bersama 14 6.296.231 11.526.739 venture
Pengukuran kembali program Remeasurement of defined benefit
imbalan pasti 42 37.729.025 37.936.077 program
Saldo laba Retained earnings
- Ditentukan penggunaannya 10.435.835 10.435.835 Appropriated -
- Tidak ditentukan penggunaannya 1.534.193.218 1.237.072.077 Unappropriated -
Jumlah ekuitas yang dapat Total equity attributable to the
diatribusikan kepada pemilik equity holders of the parent
entitas induk 2.118.726.151 1.828.543.298 company
Kepentingan nonpengendali 30 232.305.418 199.052.694 Non-controlling interests
Jumlah Ekuitas 2.351.031.569 2.027.595.992 Total Equity
JUMLAH LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 7.926.890.365 7.468.316.269 EQUITY
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
164 PT Medco Energi Internasional Tbk 2024 Annual Report
3
Page 167
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT
KOMPREHENSIF LAIN KONSOLIDASIAN OR LOSS AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada For the Year Ended
Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2024 2023
OPERASI YANG DILANJUTKAN CONTINUING OPERATIONS
PENDAPATAN REVENUES
Pendapatan dari kontrak dengan Revenue from contracts with
pelanggan 2,34 2.349.410.717 2.204.658.197 customers
Pendapatan keuangan 2,34 49.779.838 44.679.381 Finance income
JUMLAH PENDAPATAN 2.399.190.555 2.249.337.578 TOTAL REVENUES
BEBAN POKOK PENDAPATAN
DAN BIAYA LANGSUNG COST OF REVENUES AND
LAINNYA OTHER DIRECT COSTS
Penyusutan, deplesi dan 2,15,16, Depreciation, depletion and
amortisasi 18,35 547.526.380 453.130.843 amortization
Biaya produksi dan lifting 2,35 417.391.591 405.885.183 Production and lifting costs
Biaya pembelian minyak mentah 2,35 342.597.021 138.339.366 Cost of crude oil purchases
Beban pokok penjualan tenaga Cost of electric power sales and
listrik dan jasa terkait lainnya 2,35 122.415.206 189.578.507 related services
Biaya jasa 2 28.422.734 20.748.300 Cost of services
Beban eksplorasi 2,35 7.369.834 7.994.358 Exploration expenses
JUMLAH BEBAN POKOK
PENDAPATAN DAN BIAYA TOTAL COST OF REVENUES
LANGSUNG LAINNYA 1.465.722.766 1.215.676.557 AND OTHER DIRECT COSTS
LABA KOTOR 933.467.789 1.033.661.021 GROSS PROFIT
Beban penjualan, umum dan Selling, general and administrative
administrasi 2,36 (216.890.499) (241.369.713) expenses
Beban pendanaan 24,28,29 (307.332.759) (276.002.382) Finance costs
Keuntungan atas dilusi investasi Gain on dilution of long-term
jangka panjang 14 – 83.839.822 investment
Kerugian dari kombinasi bisnis Loss on business combination
(15.440.850) –
secara bertahap 2,14 achieved in stages
Keuntungan penyesuaian nilai Gain on fair value adjustment of
wajar aset keuangan 2,14 29.957.902 69.291.877 financial assets
Pendapatan bunga 37 85.868.447 49.494.520 Interest income
Bagian laba dari entitas asosiasi Share of net profit of associates
dan ventura bersama 2,14 113.101.263 39.328.058 and joint venture
Keuntungan pembelian diskon 48 51.586.361 36.173.977 Bargain purchase
Pendapatan dividen 14 18.870.000 31.768.200 Dividend income
14,15,17,
(29.455.169) (59.635.411) Loss on impairment of assets
Kerugian penurunan nilai aset 18
Beban lain-lain 37 (21.136.896) (64.640.187) Other expenses
Pendapatan lain-lain 37 28.454.800 25.943.650 Other income
LABA SEBELUM PAJAK INCOME BEFORE TAX
PENGHASILAN DARI OPERASI EXPENSE FROM CONTINUING
YANG DILANJUTKAN 671.050.389 727.853.432 OPERATIONS
BEBAN PAJAK PENGHASILAN 2,38 (289.339.733) (339.666.380) INCOME TAX EXPENSE
PROFIT FOR THE YEAR ENDED
LABA TAHUN BERJALAN DARI FROM CONTINUING
OPERASI YANG DILANJUTKAN 381.710.656 388.187.052 OPERATION
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
4
PT Medco Energi Internasional Tbk 2024 Annual Report
165
Page 168
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) OF PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir pada COMPREHENSIVE INCOME (continued)
Tanggal 31 Desember 2024 For the Year Ended
(Disajikan dalam Dolar Amerika Serikat, December 31, 2024
kecuali dinyatakan lain) (Expressed in United States Dollar,
unless otherwise stated)
Catatan/
Notes 2024 2023
OPERASI YANG DIHENTIKAN DISCONTINUED OPERATIONS
Rugi setelah beban pajak
penghasilan dari operasi yang Loss after income tax expense
dihentikan 39 (1.504.141) (42.418.449) from discontinued operations
LABA TAHUN BERJALAN 380.206.515 345.768.603 PROFIT FOR THE YEAR
PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN INCOME
PENGHASILAN OTHER COMPREHENSIVE
KOMPREHENSIF LAIN YANG INCOME THAT WILL BE
AKAN DIREKLASIFIKASI KE RECLASSIFIED TO PROFIT OR
LABA RUGI LOSS
Selisih kurs karena penjabaran
laporan keuangan (2.193.713) 15.568.582 Translation adjustment
Penyesuaian nilai wajar atas
instrumen lindung nilai arus kas Fair value adjustment on cash flow
- setelah dikurangi pajak (4.803.600) (16.633.957) hedging instruments - net of tax
Bagian rugi komprehensif lain Share of other comprehensive
entitas asosiasi dan ventura loss of associates and joint
bersama (5.230.508) (584.143) ventures
PENGHASILAN
KOMPREHENSIF LAIN YANG OTHER COMPREHENSIVE
TIDAK AKAN INCOME THAT WILL NOT BE
DIREKLASIFIKASI KE LABA RECLASSIFIED TO PROFIT OR
RUGI LOSS
Pengukuran kembali program Remeasurement of defined benefit
imbalan kerja (136.556) 2.087.514 program
Pajak penghasilan terkait dengan Income tax related to the account
pos yang tidak that will not be reclassified to
direklasifikasikan ke laba rugi (59.848) 624.419 profit or loss
JUMLAH LABA
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN 367.782.290 346.831.018 INCOME FOR THE YEAR
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
166 PT Medco Energi Internasional Tbk 2024 Annual Report
5
Page 169
The original consolidated financial statements
included herein are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) OF PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir pada COMPREHENSIVE INCOME (continued)
Tanggal 31 Desember 2024 For the Year Ended
(Disajikan dalam Dolar Amerika Serikat, December 31, 2024
kecuali dinyatakan lain) (Expressed in United States Dollar,
unless otherwise stated)
Catatan/
Notes 2024 2023
LABA TAHUN BERJALAN
YANG DAPAT DIATRIBUSIKAN PROFIT FOR THE YEAR
KEPADA ATTRIBUTABLE TO
Equity holders of the parent
Pemilik entitas induk company
Laba tahun berjalan dari operasi Profit for the year from continuing
yang dilanjutkan 368.862.409 373.093.710 operations
Laba/(Rugi) tahun berjalan dari Profit/(loss) for the year from
operasi yang tidak dilanjutkan (1.504.141) (42.418.449) discontinued operations
Laba tahun berjalan yang Profit for the year attributable to
diatribusikan kepada pemilik equity holders of the parent
entitas induk 367.358.268 330.675.261 company
Laba tahun berjalan yang
diatribusikan kepada Profit for the year attributable to
kepentingan nonpengendali 2,30 12.848.247 15.093.342 non-controlling interests
380.206.515 345.768.603
JUMLAH LABA
KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE
BERJALAN YANG DAPAT INCOME FOR THE YEAR
DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO
Equity holders of the parent
Pemilik entitas induk company
Laba komprehensif tahun
berjalan dari operasi yang Comprehensive income for the
dilanjutkan 359.916.305 372.796.077 year from continuing operations
Laba/(rugi) komprehensif tahun Comprehensive income/(loss) for
berjalan dari operasi yang the year from discontinued
dihentikan (1.504.141) (42.418.449) operations
Laba komprehensif tahun Comprehensive income for the
berjalan yang diatribusikan year attributable to equity
kepada pemilik entitas induk 358.412.164 330.377.628 holders of the parent company
Laba komprehensif tahun
berjalan yang diatribusikan Comprehensive income for the
kepada kepentingan year attributable to non-
nonpengendali 2,30 9.370.126 16.453.390 controlling interests
367.782.290 346.831.018
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
YANG DAPAT DIATRIBUSIKAN ATTRIBUTABLE TO EQUITY
KEPADA PEMILIK ENTITAS HOLDERS OF THE PARENT
INDUK 2,40 0,01466 0,01321 COMPANY
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
DARI OPERASI YANG ATTRIBUTABLE FROM
DILANJUTKAN YANG DAPAT CONTINUING OPERATIONS TO
DIATRIBUSIKAN KEPADA EQUITY HOLDERS OF THE
PEMILIK ENTITAS INDUK 2,40 0,01472 0,01490 PARENT COMPANY
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
6
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167
Page 170
The original consolidated financial statements
included herein are in the Indonesian language
168
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 For the Year Ended December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to the equity holders of the parent company
Bagian Laba
(Rugi)
Komprehensif
Dampak Selisih Nilai Lain dari
Perubahan Penyesuaian Transaksi Entitas
PT Medco Energi Internasional Tbk
Transaksi Nilai Wajar dengan Asosiasi dan
Ekuitas Anak/ atas Instrumen Kepentingan Ventura
Entitas Asosiasi/ Selisih Kurs Lindung Nilai Nonpengendali/ Bersama/Share Pengukuran
Effect of karena Arus Kas/Fair Difference in of Other Kembali
Changes in Penjabaran Value Value of Comprehensive Program
Saham Tambahan Equity Laporan Adjustment on Transactions Income (Loss) Imbalan Pasti/ Saldo Laba/Retained Earnings Kepentingan
Treasuri/ Modal Disetor/ Transactions of Keuangan/ Cash Flow with Non- of Associates Remeasurement Ditentukan Tidak Ditentukan Non-pengendali/
Catatan/ Modal Saham/ Treasury Additional Subsidiaries/ Translation Heding controlling and Joint of Defined Penggunaannya/ Pengunaannya/ Non-controlling Jumlah Ekuitas/
Notes Capital Stock Shares Paid in Capital Associates Adjustment Instruments Interest Ventures Benefit Program Appropriated Unappropriated Jumlah/Total Interest Total Equity
Saldo tanggal 31 Desember 2022/
Balance, December 31, 2022 121.798.946 (537.814) 491.004.564 (72.514.729) (50.945.459) 33.674.907 6.400.562 12.110.882 35.085.864 6.492.210 974.690.077 1.557.260.010 190.259.315 1.747.519.325
Laba tahun berjalan/
2024 Annual Report
Profit for the year – – – – – – – – – – 330.675.261 330.675.261 15.093.342 345.768.603
Penghasilan komprehensif lain/
Other comprehensive income – – – – 13.578.338 (16.142.041) – (584.143) 2.850.213 – – (297.633) 1.360.048 1.062.415
Jumlah laba komprehensif tahun
berjalan/
Total comprehensive income for
theyear – – – – 13.578.338 (16.142.041) – (584.143) 2.850.213 – 330.675.261 330.377.628 16.453.390 346.831.018
Dividen tunai/
Cash dividend 41 – – – – – – – – – – (64.349.636) (64.349.636) – (64.349.636)
Pembagian dividen untuk
kepentingan nonpengendali/
Dividend distribution to non-controlling
interest 30 – – – – – – – – – – – – (7.660.011) (7.660.011)
Selisih transaksi dengan entitas
sepengendali/
Difference in transaction with entity
under common control 31,38 – – 5.000.000 – – – – – – – – 5.000.000 – 5.000.000
Pembayaran berbasis saham/
Share-based payments 2,31,32 – 336.814 3.883.343 – – – – – – – – 4.220.157 – 4.220.157
Pembelian kembali saham/
Shares buyback 2,30,31 – (316.173) (3.648.688) – – – – – – – – (3.964.861) – (3.964.861)
Pencadangan saldo laba/
Appropriation of retained earnings – – – – – – – – 3.943.625 (3.943.625) – – –
Saldo tanggal 31 Desember 2023/
Balance, December 31, 2023 121.798.946 (517.173) 496.239.219 (72.514.729) (37.367.121) 17.532.866 6.400.562 11.526.739 37.936.077 10.435.835 1.237.072.077 1.828.543.298 199.052.694 2.027.595.992
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to the consolidated financial statements form an integral part of these
dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
7
Page 171
The original consolidated financial statements
included herein are in the Indonesian language
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 For the Year Ended December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to the equity holders of the parent company
Bagian Laba
(Rugi)
Komprehensif
Dampak Selisih Nilai Lain dari
Perubahan Penyesuaian Transaksi Entitas
Transaksi Nilai Wajar dengan Asosiasi dan
Saldo Laba/Retained Earnings
Ekuitas Anak/ atas Instrumen Kepentingan Ventura
Entitas Asosiasi/ Selisih Kurs Lindung Nilai Nonpengendali/ Bersama/Share Pengukuran
Effect of karena Arus Kas/Fair Difference in of Other Kembali
Changes in Penjabaran Value Value of Comprehensive Program
Saham Tambahan Equity Laporan Adjustment on Transactions Income (Loss) Imbalan Pasti/ Kepentingan
Treasuri/ Modal Disetor/ Transactions of Keuangan/ Cash Flow with Non- of Associates Remeasurement Ditentukan Tidak Ditentukan Non-pengendali/
Catatan/ Modal Saham/ Treasury Additional Subsidiaries/ Translation Heding controlling and Joint of Defined Penggunaannya/ Pengunaannya/ Non-controlling Jumlah Ekuitas/
Notes Capital Stock Shares Paid in Capital Associates Adjustment Instruments Interest Ventures Benefit Program Appropriated Unappropriated Jumlah/Total Interest Total Equity
Saldo tanggal 31 Desember 2023/
Balance, 31 December 2023 121.798.946 (517.173) 496.239.219 (72.514.729) (37.367.121) 17.532.866 6.400.562 11.526.739 37.936.077 10.435.835 1.237.072.077 1.828.543.298 199.052.694 2.027.595.992
Laba tahun berjalan/
Profit for the year – – – – – – – – – – 367.358.268 367.358.268 12.848.247 380.206.515
Penghasilan komprehensif lain/
Other comprehensive income – – – – 2.215.213 (5.723.757) – (5.230.508) (207.052) – – (8.946.104) (3.478.121) (12.424.225)
Jumlah laba komprehensif tahun
berjalan/
Total comprehensive income for the
year – – – – 2.215.213 (5.723.757) – (5.230.508) (207.052) – 367.358.268 358.412.164 9.370.126 367.782.290
Dividen tunai/
Cash dividend 41 – – – – – – – – – – (70.237.127) (70.237.127) – (70.237.127)
Pembagian dividen untuk
kepentingan nonpengendali/
Dividend distribution to non-controlling
interest 30 – – – – – – – – – – – – (9.816.625) (9.816.625)
Pembayaran berbasis saham/
Share-based payments 2,31,32 – 497.777 6.802.261 – – – – – – – – 7.300.038 – 7.300.038
PT Medco Energi Internasional Tbk
Pembelian kembali saham/
Shares buyback 2,31,32 – (326.834) (4.965.388) – – – – – – – – (5.292.222) – (5.292.222)
Akuisisi entitas asosiasi menjadi
entitas anak/
Acquisition of an associate to become
a subsidiary 30 – – – – – – – – – – – – 33.699.223 33.699.223
Saldo tanggal 31 Desember 2024/
Balance, December 31, 2024 121.798.946 (346.230) 498.076.092 (72.514.729) (35.151.908) 11.809.109 6.400.562 6.296.231 37.729.025 10.435.835 1.534.193.218 2.118.726.151 232.305.418 2.351.031.569
2024 Annual Report
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to the consolidated financial statements form an integral part of these
169
dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
8
Page 172
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS CONSOLIDATED
KONSOLIDASIAN STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada For the Year Ended
Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar, unless
kecuali dinyatakan lain) otherwise stated)
Notes 2024 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan kas dari pelanggan 2.427.934.308 2.096.725.198 Cash receipts from customers
Pembayaran kas kepada pemasok Cash paid to suppliers and
dan karyawan (871.870.332) (880.110.459) employees
Kas yang dihasilkan dari kegiatan
usaha 1.556.063.976 1.216.614.739 Cash generated from operations
Pembayaran pajak penghasilan (336.522.367) (493.388.796) Income tax paid
Kas neto diperoleh dari aktivitas Net cash provided by operating
operasi 1.219.541.609 723.225.943 activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM INVESTING
INVESTASI ACTIVITIES
Penerimaan dari pelepasan Entitas Proceeds from disposal of
Anak atau asosiasi 39,48 117.885.931 28.018.590 subsidiaries or associate
Cash dividends received from
Dividen kas dari entitas asosiasi 14 18.870.000 31.768.200 associates
Penerimaan bunga 19.702.925 12.417.275 Interest received
Penerimaan dari pelepasan aset Proceeds from disposal of
eksplorasi dan evaluasi 17 5.000.000 — exploration and evaluation assets
Penerimaan dari piutang lain-lain 7 1.000.000 157.786.940 Receipt of other receivables
Penerimaan dari pelepasan aset Proceeds from disposal of
tetap 26.873 590.992 property, plant, and equipment
Penjualan investasi jangka panjang 14 14.097.000 10.506.150 Sale of long-term investment
Penambahan piutang lain-lain dari Additions of other receivables from
pihak berelasi (1.389.779) (3.241.809) related parties
Penerimaan piutang dari entitas Proceeds from collection of
asosiasi 14 8.506.915 6.139.291 receivable due from associate
Penambahan aset eksplorasi dan Addition to exploration and
evaluasi 17 (15.343.106) (17.991.217) evaluation assets
Penambahan investasi jangka
panjang 14 (18.490.410) (35.029.732) Addition of long-term investment
Acquisitions of property, plant and
Perolehan aset tetap 15 (25.510.692) (44.546.582) equipment
Additions to concession financial
Penambahan pada aset konsesi 9 (9.916.007) (15.778.560) assets
Penambahan aset lain-lain (112.919.976) (1.789.614) Additions to other assets
Penambahan aset minyak dan gas
bumi 18 (343.864.015) (237.761.938) Additions to oil and gas properties
Akuisisi bisnis setelah dikurangi Acquisition of business net of cash
kas yang diperoleh 48 (26.626.095) (520.339.011) acquired
Kas neto digunakan untuk Net cash used in investing
aktivitas investasi (368.970.436) (629.251.025) activities
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
170 PT Medco Energi Internasional Tbk 2024 Annual Report
9
Page 173
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada For the Year Ended
Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, (Expressed in United States Dollar,
kecuali dinyatakan lain) unless otherwise stated)
Notes 2024 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Hasil yang diperoleh dari: Proceeds from:
– Pinjaman bank 55 559.273.413 803.867.868 Bank loans -
– Pinjaman jangka panjang 55 205.539.304 574.250.630 Other long-term debt -
Penarikan deposito dan rekening
bank yang dibatasi Withdrawal of restricted time
penggunaannya 13 10.509.782 66.502.974 deposits and cash in banks
Pembayaran dividen kas dari Cash dividends payment of
Entitas Anak kepada kepentingan Subsidiaries to non-controlling
nonpengendali 30 (10.037.620) (7.880.011) interest
Pembelian saham treasuri 31,32 (5.292.222) (3.964.861) Purchase of treasury shares
Penyelesaian liabilitas derivatif 55 (18.527.910) (12.354.389) Settlement of derivative liabilities
Pembelian kembali obligasi (49.612.669) (29.350.163) Repurchase of bonds
Pembayaran dividen 41 (70.237.127) (64.349.636) Dividend payment
Pembayaran liabilitas sewa 24,55 (177.006.252) (139.890.195) Repayment of lease liabilities
Pembayaran beban pendanaan (252.917.106) (258.847.447) Payment of financing charges
Pembayaran atas: Payments of:
– Utang jangka panjang lainnya 55 (391.571.643) (515.456.262) Other long-term debt -
– Pinjaman bank 55 (369.324.310) (759.154.722) Bank loans -
Kas neto digunakan untuk Net cash used in financing
aktivitas pendanaan (569.204.360) (346.626.214) activities
NET INCREASE (DECREASE) IN
KENAIKAN (PENURUNAN) NETO CASH AND CASH
KAS DAN SETARA KAS DARI EQUIVALENTS FROM
OPERASI YANG DILANJUTKAN 281.366.813 (252.651.296) CONTINUING OPERATIONS
KENAIKAN NETO KAS DAN NET INCREASE IN CASH AND
SETARA KAS DARI OPERASI CASH EQUIVALENTS FROM
YANG DIHENTIKAN 39 3.884.547 9.795.953 DISCONTINUED OPERATIONS
PERBEDAAN NILAI TUKAR NET FOREIGN EXCHANGE
NETO (2.175.865) (3.194.298) DIFFERENCE
CASH AND CASH
KAS DAN SETARA KAS PADA EQUIVALENTS AT BEGINNING
AWAL TAHUN 4 353.948.953 599.998.594 OF YEAR
CASH AND CASH
KAS DAN SETARA KAS PADA EQUIVALENTS AT END OF
AKHIR TAHUN 4 637.024.448 353.948.953 YEAR
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these consolidated
keuangan konsolidasian secara keseluruhan. financial statements taken as a whole.
10
PT Medco Energi Internasional Tbk 2024 Annual Report
171
Page 174
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM 1. GENERAL
a. Informasi Umum a. General Information
PT Medco Energi Internasional Tbk PT Medco Energi Internasional Tbk
(“Perusahaan”) didirikan di dalam kerangka (the “Company”) was established within the
Undang-undang Penanaman Modal Dalam framework of the Domestic Capital Investment
Negeri No. 6 Tahun 1968 yang telah diubah Law No. 6 Year 1968 as amended by Law No.
dengan Undang-Undang No. 12 tahun 1970, 12 Year 1970, based on notarial deed No. 19 of
berdasarkan Akta Notaris No. 19 oleh Imas Imas Fatimah, S.H., dated June 9, 1980. The
Fatimah, S.H., pada tanggal 9 Juni 1980. Akta deed of establishment was approved by the
pendirian ini disetujui oleh Menteri Kehakiman Ministry of Justice of the Republic of Indonesia
Republik Indonesia dengan Surat Keputusan in its decision letter No. Y.A.5/192/4 dated April
No.Y.A.5/192/4 tanggal 7 April 1981 dan 7, 1981 and was published in State Gazette No.
diumumkan dalam Berita Negara Republik 102, Supplement No. 1020 dated December 22,
Indonesia No. 102, Tambahan No. 1020 tanggal 1981.
22 Desember 1981.
Anggaran Dasar Perusahaan beberapa kali The Company’s Articles of Association has
mengalami perubahan, di mana perubahan been amended several times, the latest
terakhir dilakukan untuk penyesuaian dengan amendments of which were made to adjust to
Klasifikasi Baku Lapangan Usaha Indonesia the Standard Classification of Indonesian
(Indonesia KBLI) 2020 dan ketentuan mengenai Business Fields (Indonesia KBLI) 2020 and the
pengumuman informasi keuangan pada surat provision regarding the announcement of the
kabar. Perubahan terakhir diaktakan dengan financial information in the newspaper. The
Akta Notaris Leolin Jayayanti, S.H., M.Kn., No. latest amendments were covered by Notarial
69 tanggal 26 Juni 2023, yang telah dilaporkan Deed No. 69 dated June 26, 2023 of Leolin
dan dicatat oleh Menteri Hukum dan Hak Asasi Jayayanti, S.H., M.Kn, which has been reported
Manusia dalam surat keputusannya No. and recorded by the Minister of Law and Human
AHU-0035936.AH.01.02 tahun 2023 tanggal Rights in his decision letter No.
26 Juni 2023. AHU-0035936.AH.01.02 year 2023 dated June
26, 2023.
Perusahaan berdomisili di Jakarta dan kantor The Company is domiciled in Jakarta and its
pusat beralamat di The Energy Building Lantai head office is located at The Energy Building
53, SCBD Lot. 11A, Jl. Jend. Sudirman Kav. Lantai 53, SCBD Lot. 11A, Jl. Jend. Sudirman
52-53, Jakarta 12190. Kav. 52-53, Jakarta 12190.
Sesuai dengan Pasal 3 Anggaran Dasar In accordance with Article 3 of the Company's
Perusahaan, ruang lingkup aktivitas Articles of Association, the scope of its activities
Perusahaan terdiri atas, antara lain, melakukan comprises, among others, carrying out activities
aktivitas perusahaan holding dan melakukan of a holding company and providing
jasa konsultasi manajemen. Ruang lingkup management consulting services. The scope of
aktivitas utama entitas anak meliputi the main activities of its subsidiaries includes
pertambangan dan penggalian, industri, mining and quarrying, industry, trade,
perdagangan, jasa konstruksi, pengangkutan, construction services, transportation, contract
pekerjaan kontrak, distribusi, jasa teknik dan services, distribution, industry and technical
industri, termasuk penyediaan tenaga listrik dan services, including electricity power supply and
jasa pendukung tenaga listrik lainnya. other supporting electricity services. The
Perusahaan memulai kegiatan operasi Company started its commercial operations on
komersialnya pada tanggal 13 Desember 1980. December 13, 1980.
Perusahaan dan entitas anaknya (bersama- The Company and its subsidiaries (collectively
sama disebut “Grup”) memiliki karyawan tetap referred to as the “Group”) have approximately
masing-masing sekitar 3.327 (tidak diaudit) dan 3,327 (unaudited) and 3,387 (unaudited)
3.387 (tidak diaudit) pada tanggal 31 Desember permanent employees as of December 31, 2024
2024 dan 2023. and 2023, respectively.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the
entitas induk langsung dan terakhir Perusahaan Company’s direct and ultimate parent company
adalah PT Medco Daya Abadi Lestari. is PT Medco Daya Abadi Lestari.
172 PT Medco Energi Internasional Tbk 2024 Annual Report
11
Page 175
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran Umum Efek Saham dan Obligasi b. The Company’s Share and Bonds Offering
Perusahaan
Saham Perusahaan ditawarkan perdana The Company’s shares of stock were initially
kepada masyarakat dan dicatatkan di Bursa offered to the public and listed in the Indonesia
Efek Indonesia pada tanggal 12 Oktober 1994. Stock Exchange on October 12, 1994. The
Penawaran perdana saham Perusahaan Company’s initial public offering of 22,000,000
sejumlah 22.000.000 saham dengan nilai shares with a par value of Rp1,000 per share,
nominal Rp1.000 per saham, disetujui untuk was approved for listing on September 13, 1994
dicatatkan pada tanggal 13 September 1994 by the Capital Market and Financial Institution
oleh Badan Pengawas Pasar Modal dan Supervisory Agency (BAPEPAM-LK, formerly
Lembaga Keuangan (BAPEPAM-LK, dahulu Capital Market Supervisory Agency/BAPEPAM)
Badan Pengawas Pasar Modal/BAPEPAM) in its letter No. S-1588/PM/1994.
dengan suratnya No. S-1588/PM/1994.
Perusahaan juga melakukan Penawaran Umum The Company also made a Limited Public
Terbatas I dengan maksimum 379.236.000 Offering I of a maximum of 379,236,000 shares
saham yang disetujui untuk dicatatkan pada which were approved for listing on November
tanggal 16 November 1999 oleh Ketua 16, 1999 by the Chairman of BAPEPAM-LK
Bapepam-LK melalui suratnya No. S-2244/ through its letter No. S-2244/PM/1999.
PM/1999. Saham baru sebanyak 321.730.290 321,730,290 new shares were issued and listed
saham diterbitkan dalam penawaran ini dan on the JSE on November 19, 1999.
dicatatkan di BEJ pada tanggal 19 November
1999.
Hak Memesan Efek Terlebih Dahulu 2017 Pre-emptive Rights 2017
Pada tanggal 29 November 2017, Perusahaan On November 29, 2017, the Company received
menerima pernyataan efektif dari Otoritas Jasa an effective statement from the Financial
Keuangan terkait rencana Penawaran Umum Services Authority regarding the planned
Terbatas II kepada para pemegang saham Limited Public Offering II to the Company's
Perusahaan dalam rangka penerbitan Hak shareholders for the purpose of issuing
Memesan Efek Terlebih Dahulu (“PUT II Preemptive Rights (“PUT II HMETD”) of
HMETD”) atas 4.399.117.667 saham biasa atas 4,399,117,667 common shares on behalf of or
nama atau sebesar 33,33% dari modal in the amount of 33.33% of the issued and fully
ditempatkan dan disetor penuh Perusahan. paid capital of the Company. On December 28,
Pada tanggal 28 Desember 2017, Perusahaan 2017, the Company obtained
memperoleh dana sebesar Rp2,639,470,600,200 (before deducting
Rp2.639.470.600.200 (sebelum dikurangi biaya transaction costs) through this PUT II HMETD
transaksi) melalui PUT II HMETD ini (Catatan (Note 31).
31).
Waran Warrants
Tanggal Penawaran Tahap/ Periode/ Setara Saham/ Jumlah Penerimaan/
Umum/ Series Period Shares Equivalent Total Proceeds
Public Offering Date
Desember 2017/ Waran Seri I Tahap I/ 1 Juli 2018 – 100.424.134 lembar saham/ Rp62.765.083.750 (setara dengan
December 2017 Series I Warrants 31 Desember 2018/ 100,424,134 shares AS$4.361.209)/
Exercise Window I July 1, 2018 – Rp62,765,083,750 (equivalent to
Penawaran Umum December 31, 2018 US$4,361,209)
Terbatas II/ Waran Seri I Tahap II/ 1 Januari 2019 – 86.734.313 lembar saham/ Rp56.275.587.200 (setara dengan
Limited Public Offering Series I Warrants 31 Desember 2019/ 86,734,313 shares AS$4.021.291)/
II Exercise Window II January 1, 2019 – Rp56,275,587,200 (equivalent to
December 31, 2019 US$4,021,291)
Waran Seri I Tahap III/ 1 Januari 2020 – 78.197.793 lembar saham/ Rp45.737.642.020 (setara dengan
Series I Warrants 31 Desember 2020/ 78,197,793 shares AS$3.234.455)/
Exercise Window III January 1, 2020 – Rp45,737,642,020 (equivalent to
December 31, 2020 US$3,234,455)
12
PT Medco Energi Internasional Tbk 2024 Annual Report
173
Page 176
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Penawaran Umum Efek Saham dan Obligasi b. The Company’s Share and Bonds Offering
Perusahaan (lanjutan) (continued)
Hak Memesan Efek Terlebih Dahulu 2020 Pre-emptive Rights 2020
Pada tanggal 31 Agustus 2020, Perusahaan On August 31, 2020, the Company received an
menerima pernyataan efektif dari Otoritas Jasa effective statement from the Financial Services
Keuangan terkait rencana Penawaran Umum Authority regarding plans for Limited Public
Terbatas III kepada para pemegang saham Offering III to the Company's shareholders for
Perusahaan dalam rangka penerbitan Hak the purpose of issuing Pre-emptive Rights
Memesan Efek Terlebih Dahulu (“PUT III (“PUT III HMETD”) for a maximum of
HMETD“) atas maksimum 7.500.000.000 7,500,000,000 ordinary shares or an amount
lembar saham biasa atau sebesar 41,85% dari equal to 41.85% of the issued and fully paid-up
modal ditempatkan dan disetor penuh capital of the Company with an exercise price of
Perusahaan dengan harga pelaksanaan Rp250 Rp250 per share. The company obtained
per lembar saham. Perusahaan memperoleh proceeds of Rp1,785,487,886,250 (before
dana sebesar Rp1.785.487.886.250 (sebelum deducting transaction costs) through PUT III
dikurangi biaya transaksi) melalui PUT III HMETD for the realization of the issuance of
HMETD atas realisasi penerbitan 7.141.951.545 7,141,951,545 new shares. The company has
saham baru. Perusahaan telah menerima received all of the proceeds from PUT III
seluruh dana dari PUT III HMETD pada bulan HMETD in September 2020 (Note 31).
September 2020 (Catatan 31).
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, all of the
seluruh saham Perusahaan masing-masing Company’s 25,136,231,252 shares, respectively
sejumlah 25.136.231.252 tercatat di Bursa Efek are listed on the Indonesia Stock Exchange.
Indonesia.
Perusahaan telah menerbitkan Penawaran The Company has Non-convertible, Fixed Rate
Umum Obligasi Tanpa Hak Konversi dengan Bonds Offering as follows:
Tingkat Bunga Tetap sebagai berikut:
Target Dana/
Tanggal Penerbitan Fund Target Issuance Date
Juli 2004 (Rupiah) 1.500.000.000.000 July 2004 (Rupiah)
Juni 2009 (Rupiah) 1.500.000.000.000 June 2009 (Rupiah)
Juli 2011 (Dolar AS) 150.000.000 July 2011 (US Dollar)
Juni 2012 (Rupiah) 1.500.000.000.000 June 2012 (Rupiah)
Desember 2012 (Rupiah) 4.500.000.000.000 December 2012 (Rupiah)
Juli 2016 (Rupiah) 5.000.000.000.000 July 2016 (Rupiah)
April 2018 (Rupiah)1) 5.000.000.000.000 April 2018 (Rupiah)1)
September 2021 (Rupiah)2) 5.000.000.000.000 September 2021 (Rupiah)2)
3)
Juli 2023 (Rupiah) 5.000.000.000.000 July 2023 (Rupiah)3)
1) Pada tanggal 31 Desember 2024 dan 2023, obligasi ini merupakan Obligasi 1) As of December 31, 2024 and 2023, these bonds represent Rupiah Shelf Registered
Berkelanjutan Rupiah III Tahap III dan masih terutang seperti yang disajikan pada Bonds III Phase III and are still outstanding as disclosed in Note 29.
Catatan 29.
2) Pada tanggal 31 Desember 2024 dan 2023, obligasi ini merupakan Obligasi 2) As of December 31, 2024 and 2023, these bonds represent Rupiah Shelf Registered
Berkelanjutan Rupiah IV Tahap I, II dan III dan masih terutang seperti yang disajikan Bonds IV Phase I, II and III and are still outstanding as disclosed in Note 29.
pada Catatan 29.
3) Pada tanggal 31 Desember 2024 dan 2023, obligasi ini merupakan Obligasi 3) As of December 31, 2024 and 2023, these bonds represent Rupiah Shelf Registered
Berkelanjutan Rupiah V Tahap I, II dan masih terutang seperti yang disajikan pada Bonds V Phase I, II and is still outstanding as disclosed in Note 29.
Catatan 29.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, all of the
seluruh obligasi Perusahaan yang beredar pada Company’s bonds outstanding as of those dates
tanggal tersebut, tercatat di Bursa Efek are listed on the Indonesian Stock Exchange
Indonesia (“BEI”). (“IDX”).
174 PT Medco Energi Internasional Tbk 2024 Annual Report
13
Page 177
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Dewan Komisaris dan Direksi dan Komite Audit c. Boards of Commissioners and Directors and
Audit Committee
Susunan Dewan Komisaris dan Direksi The members of the Company’s Boards of
Perusahaan pada tanggal 31 Desember 2024 Commissioners and Directors as of December
dan 2023 adalah sebagai berikut: 31, 2024 and 2023 are as follows:
Dewan Komisaris: Board of Commissioners:
Komisaris Utama Yani Yuhani Panigoro President Commissioner
Komisaris Independen Marsillam Simandjuntak Independent Commissioner
Komisaris Yaser Raimi A. Panigoro Commissioner
Direksi: Board of Directors:
Direktur Utama Hilmi Panigoro President Director
Direktur Roberto Lorato Director
Direktur Anthony R. Mathias Director
Direktur Ronald Gunawan Director
Direktur Amri Siahaan Director
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the
susunan Komite Audit Perusahaan adalah members of the Company’s Audit Committee
sebagai berikut: are as follows:
Ketua Komite Audit Marsillam Simandjuntak Chairman of Audit Committee
Anggota Komite Audit Hendry Member of Audit Committee
Anggota Komite Audit Ferry Sanjaya Member of Audit Committee
d. Entitas Anak d. Subsidiaries
i. Pada tanggal 31 Desember 2024 dan i. As of December 31, 2024 and 2023, the
2023, Perusahaan telah Company has consolidated all of its
mengkonsolidasikan semua entitas subsidiaries in line with its accounting
anaknya sesuai dengan kebijakan policy as described in Note 2b, “Principles
sebagaimana diuraikan dalam Catatan 2b, of Consolidation”. For disclosure purposes,
“Prinsip Konsolidasi”. Untuk tujuan only sub-holding entities or subsidiaries
pengungkapan, hanya entitas sub-holding which are material in terms of total assets/
atau entitas anak yang material terhadap liabilities and/or revenue/net income to the
laporan keuangan konsolidasian Grup dari Group’s consolidated financial statements
jumlah aset/liabilitas dan/atau pendapatan/ are presented in the table below:
laba neto yang disajikan dalam tabel di
bawah ini:
14
PT Medco Energi Internasional Tbk 2024 Annual Report
175
Page 178
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Tanggal
perolehan
Dimulainya izin Jumlah aset (sebelum
Negara kegiatan eksplorasi/ Persentase kepemilikan efektif/ eliminasi) dalam jutaan/
Domisili/ komersial/ eksploitasi/ Effective percentage of Total assets
Country of Start of Date of ownership (before elimination)
Domicile commercial exploration/ in millions
operations exploitation
permit
obtained 2024 2023 2024 2023
Eksplorasi dan produksi minyak dan gas/
Exploration and production of oil and gas
PT Medco E & P Tarakan 1) Indonesia 1992 14 Jan’ 2002 100,00 100,00 13,51 12,77
PT Medco E & P Indonesia 1) Indonesia 1995 28 Nov’ 2013 100,00 100,00 158,92 155,59
PT Medco E & P Tomori Sulawesi 1) Indonesia 2005 4 Dec’ 1997 100,00 100,00 256,48 226,21
PT Medco E & P Simenggaris 1) 3) Indonesia 2009 24 Feb’ 1998 100,00 100,00 50,23 80,40
Tahap
eksplorasi/
PT Medco Energi Natuna Timur 1) Indonesia 26 Nov' 2010 100,00 100,00 7,63 6,00
Exploration
stage
PT Medco E & P Lematang 1) Indonesia 2003 6 Apr’ 1987 100,00 100,00 462,63 437,68
Medco Lematang BV 2) Netherlands 2003 6 Apr’ 1987 100,00 100,00 116,29 110,95
PT Medco E & P Malaka 1) Indonesia 2019 1 Sep’ 1991 100,00 100,00 524,35 523,78
PT Medco E & P Rimau 1) Indonesia 2005 23 Apr' 2003 100,00 100,00 89,07 81,94
British
Medco Yemen Malik Ltd 2) Virgin 2012 – 100,00 100,00 24,62 24,38
Islands
Cayman
Lematang E & P Limited 2) 2008 6 Apr' 1987 100,00 100,00 51,15 46,00
Islands
2)
Medco LLC Oman 2001 Jan' 2006 78,00 78,00 70,74 84,59
Medco International Ventures Ltd 2) 3) Libya 2011 12 Mar' 2005 100,00 100,00 0,44 74,01
Medco E & P Natuna Ltd 2) Bermuda 1979 19 Jan' 1999 100,00 100,00 556,51 556,51
Tahap
eksplorasi/
Ophir Tanzania (Block 1) Limited 2) Jersey 08 Dec' 2005 100,00 100,00 123,11 123,66
Exploration
stage
British
Medco Energi Bangkanai Ltd 2) Virgin 2016 30 Dec’ 2003 100,00 100,00 217,71 209,47
Islands
Medco Energi Central Kalimantan Ltd 2) Belize 2016 30 Dec’ 2003 100,00 100,00 57,57 54,47
Medco Energi Kerendan Limited 2) Mauritius 2016 30 Dec’ 2003 100,00 100,00 14,49 12,59
British
Medco Energi West Bangkanai
Virgin – 15 May 2013 100,00 100,00 0,28 0,27
Limited 2)
Islands
Tahap
eksplorasi/
Ophir Mexico Operations, S.A de C.V 2) Mexico 02 Feb' 2018 100,00 100,00 3,28 3,34
Exploration
stage
British
Medco Energi Thailand (Bualuang)
Virgin 2008 24 Oct' 1996 100,00 100,00 177,59 334,47
Limited 2)
Islands
MedcoEnergi Oman Block 60 Ltd 2) Oman 2011 19 Mar' 2011 100,00 100,00 930,76 745,18
176 PT Medco Energi Internasional Tbk 2024 Annual Report
15
Page 179
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Tanggal
perolehan
Dimulainya izin Jumlah aset (sebelum
Negara kegiatan eksplorasi/ Persentase kepemilikan efektif/ eliminasi) dalam jutaan/
Domisili/ komersial/ eksploitasi/ Effective percentage of Total assets
Country of Start of Date of ownership (before elimination)
Domicile commercial exploration/ in millions
operations exploitation
permit
obtained 2024 2023 2024 2023
Eksplorasi dan produksi minyak dan gas/ (lanjutan)
Exploration and production of oil and gas
(continued)
United
Medco Energi Thailand (E&P) Limited 2) 2008 24 Oct' 1996 100,00 100,00 85,69 96,12
Kingdom
2) 4)
Ophir Vietnam Block 12W B.V Netherlands 2011 17 Nov' 2000 – 100,00 – 104,49
Medco Energi Madura Offshore Pty Ltd 2) Australia 2006 04 Dec' 1997 100,00 100,00 254,25 220,36
Medco Energi Sampang Pty Ltd 2) Australia 2007 04 Dec' 1997 100,00 100,00 124,91 107,75
Medco E&P Grissik Ltd 2) Bermuda 1980 09 Feb' 1976 100,00 100,00 1.744,56 1.369,78
British
Medco E&P Corridor Holding Ltd 2) Virgin 100,00 100,00 1.672,74 1.259,16
Islands
Jasa penunjang operasi minyak dan gas/
Support services for oil and gas activities
PT Exspan Petrogas Intranusa 1) Indonesia 100,00 100,00 11,48 7,52
PT Mitra Energi Gas Sumatera 1) Indonesia 100,00 100,00 7,64 5,13
Medco Singapore Operation Pte Ltd 2) Singapore 100,00 100,00 1,99 2,81
Perdagangan/
Trading
Medco Energi Global Pte Ltd 2) Singapore 100,00 100,00 3.008,46 7.014,80
Gas Alam Cair/
Liquefied Natural Gas
PT Medco LNG Indonesia 1) Indonesia 100,00 100,00 252,21 215,43
Energi Listrik/
Power
PT Medco Power Internasional 1) Indonesia 100,00 100,00 67,98 70,53
PT Medco Power Indonesia 2) Indonesia 100,00 100,00 425,47 429,54
PT Medcopower Servis Indonesia 2) Indonesia 62,00 62,00 4,83 5,10
PT Mitra Energi Batam 2) Indonesia 42,39 42,39 37,18 40,74
PT Dalle Energy Batam 2) Indonesia 47,99 47,99 26,98 32,71
PT TJB Power Services 2) Indonesia 49,88 49,88 13,78 14,19
PT Medco Power Sentral Sumatera 2) Indonesia 100,00 100,00 40,46 41,72
PT Medco Geothermal Indonesia 2) Indonesia 100,00 100,00 59,74 44,74
PT Medco Cahaya Geothermal 2) Indonesia 51,00 51,00 259,30 171,35
PT Medco Geothermal Sarulla 2) Indonesia 62,00 62,00 7,46 6,52
PT Energi Prima Elektrika 2) Indonesia 55,50 55,50 7,20 8,07
PT Energi Listrik Batam 2) Indonesia 43,39 43,39 114,53 72,58
PT Multidaya Prima Elektrindo 2) Indonesia 51,00 51,00 10,48 12,32
PT Pembangkitan Pusaka
Indonesia 100,00 100,00 11,39 15,05
Parahiangan 2)
PT Dalle Panaran 2) Indonesia 100,00 100,00 0,65 0,68
PT Indo Medco Power 2) Indonesia 100,00 100,00 0,12 0,13
PT Universal Batam Energy 2) Indonesia 42,00 42,00 13,71 12,27
16
PT Medco Energi Internasional Tbk 2024 Annual Report
177
Page 180
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Tanggal
perolehan
Dimulainya izin Jumlah aset (sebelum
Negara Persentase kepemilikan efektif/ eliminasi) dalam jutaan/
kegiatan eksplorasi/
Domisili/ Effective percentage of Total assets
komersial/ eksploitasi/
Country ownership (before elimination)
Start of Date of
of in millions
commercial exploration/
Domicile
operations exploitation
permit
obtained 2024 2023 2024 2023
Energi Listrik/ (lanjutan)
Power (continued)
PT Medco Energi Menamas 2) Indonesia 59,99 59,99 9,34 9,79
PT Medco General Power Services 2) Indonesia 59,76 59,76 4,54 4,75
PT Sangsaka Hidro Lestari 2) Indonesia 56,00 56,00 0,06 0,06
PT Sangsaka Agro Lestari 2) Indonesia 70,00 70,00 0,49 0,51
PT Sangsaka Hidro Selatan 2) Indonesia 69,93 69,93 0,06 0,06
PT Sangsaka Hidro Kasmar 2) Indonesia 67,20 67,20 0,92 0,96
PT Sangsaka Hidro Cisereuh 2) Indonesia 69,99 69,99 0,06 0,06
PT Sangsaka Hidro Patikala Lima 2) Indonesia 67,20 67,20 0,06 0,06
PT Sangsaka Hidro Baliase 2) Indonesia 67,20 67,20 0,10 0,10
PT Sangsaka Hidro Barat 2) Indonesia 100,00 100,00 0,77 0,70
PT Nawakara Energi Sumpur 2) Indonesia 80,00 80,00 0,96 1,06
PT Bio Jatropha Indonesia 2) Indonesia 69,99 69,99 14,69 18,31
PT Medco Ratch Power Riau 2) Indonesia 51,00 51,00 365,87 373,99
PT Medcopower Transportasi Listrik 2) Indonesia 100,00 100,00 0,08 0,13
PT Medcosolar Bali Timur 2) Indonesia 51,00 51,00 14,85 3,75
PT Medco Solar Bali Barat 2) Indonesia 51,00 51,00 3,02 4,18
PT Medco Kansai Power Indonesia 2) Indonesia 60,00 60,00 134,98 142,12
Lain-lain/
Others
Medco Straits Services Pte Ltd 1) Singapore 100,00 100,00 1.428,22 1.357,93
Medco Platinum Road Pte Ltd 2) Singapore 100,00 100,00 – 592,83
Medco Oak Tree Pte Ltd 2) Singapore 100,00 100,00 587,90 587,28
Medco Bell Pte Ltd 2) Singapore 100,00 100,00 620,06 619,19
Medco Laurel Tree Pte Ltd 2) Singapore 100,00 100,00 391,34 391,11
Medco Maple Tree Pte Ltd 2) Singapore 100,00 100,00 491,22 489,53
United
Ophir Energy Ltd 2) 100,00 100,00 2.980,11 2.979,36
Kingdom
2)
PT Satria Raksa Buminusa Indonesia 100,00 100,00 10,39 6,77
Petroleum Exploration & Production Cayman
100,00 100,00 18,61 19,65
International Ltd 2) Islands
Medco International Services Pte Ltd 2) Singapore 100,00 100,00 31,29 30,25
Medco Energi USA Inc 2) 3) USA 100,00 100,00 189,01 231,89
Transasia Pipeline Company Pvt Ltd 2) Mauritius 85,00 35,00 304,07 –
178 PT Medco Energi Internasional Tbk 2024 Annual Report
17
Page 181
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Rincian entitas anak yang tidak aktif, tidak The subsidiaries that are not active, not
signifikan atau dimiliki secara tidak significant or owned indirectly by the
langsung oleh Perusahaan pada tanggal Company as of December 31, 2024 and
31 Desember 2024 dan 2023 adalah 2023 are as follows:
sebagai berikut:
Persentase kepemilikan efektif/
Effective percentage of ownership
2024 2023
Eksplorasi dan produksi minyak dan gas/
Exploration and production of oil and gas
PT Medco Energi Madura 1) 100,00 100,00
PT Medco CBM Pendopo 2) 100,00 100,00
PT Medco Energi Belida 1) 100,00 100,00
PT Medco E & P Sembakung 1) 100,00 100,00
PT Medco Energi Beluga1) 100,00 100,00
PT Medco E & P Bengara Indonesia 1) 100,00 100,00
Medco Simenggaris Pty Ltd 1) 100,00 100,00
Medco Arabia Ltd 2) 100,00 100,00
Medco Energi US LLC 2) 3) 100,00 100,00
MedcoEnergi Oman Block 48 Ltd 2) 100,00 100,00
Medco Yemen Amed Ltd 2) 100,00 100,00
Medco International Enterprise Ltd 2) 100,00 100,00
Medco International Enterprise Cro Ltd 2) 100,00 100,00
Medco Far East Limited 1) 100,00 100,00
Medco Asia Pacific Ltd 2) 100,00 100,00
PT Medco E & P Bangkanai 1) 100,00 100,00
PT Medco E & P Nunukan 1) 100,00 100,00
Medco South China Sea Pte Ltd 2) 100,00 100,00
Medco Natuna Pte Ltd 2) 100,00 100,00
Medco Yemen Holding Ltd 2) 100,00 100,00
Medco Indonesia Holding BV 1) 100,00 100,00
Ophir Holdings & Services (UK) Limited 2) 100,00 100,00
Ophir Holdings Limited 2) 100,00 100,00
Ophir Asia Limited 2) 100,00 100,00
Dominion Petroleum Limited 2) 100,00 100,00
Salamander Energy Ltd 2) 100,00 100,00
Ophir Mexico Limited 2) 100,00 100,00
Ophir Equatorial Guinea (Block R) Limited 2) 100,00 100,00
Ophir Myanmar (Block AD-3) Limited 2) 100,00 100,00
Ophir East Africa Holdings Limited 2) 100,00 100,00
Ophir Tanzania (Block 3) Limited 2) 4) – 100,00
Ophir Tanzania (Block 4) Limited 2) 4) – 100,00
Ophir East Africa Ventures Limited 2) 100,00 100,00
Ophir Pipeline Limited 2) 100,00 100,00
Ophir Gas Marketing Limited 2) 100,00 100,00
18
PT Medco Energi Internasional Tbk 2024 Annual Report
179
Page 182
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Persentase kepemilikan efektif/
Effective percentage of ownership
2024 2023
Eksplorasi dan produksi minyak dan gas/ (lanjutan)
Exploration and production of oil and gas (continued)
Ophir LNG Limited 2) 100,00 100,00
Dominion Investments Limited 2) 4) – 100,00
Dominion Oil & Gas Limited 2) 100,00 100,00
Dominion Oil & Gas Limited (Tanzania) 2) 100,00 100,00
Dominion Petroleum Acquisitions Limited 2) 100,00 100,00
DOMPET Limited 2) 100,00 100,00
Dominion Tanzania Limited 2) 100,00 100,00
Dominion Petroleum Kenya Limited 2) 100,00 100,00
Salamander Energy (Bualuang Holdings) Limited 2) 100,00 100,00
Salamander Energy (Lao) Company Limited 2) 100,00 100,00
Salamander Energy (Malaysia) Limited 2) 4) – 100,00
Salamander Energy (S.E. Asia) Limited 2) 100,00 100,00
Ophir Indonesia (S.E. Sangatta) Limited 2) 100,00 100,00
Salamander Energy Group Limited 2) 100,00 100,00
Ophir Energy Indonesia Limited 2) 100,00 100,00
Ophir Jaguar 1 Limited 2) 100,00 100,00
Ophir Jaguar 2 Limited 2) 100,00 100,00
Ophir Spv Pty Ltd 2) 100,00 100,00
Ophir Asia Pacific Pty Ltd 2) 100,00 100,00
PT Medco Energi Bangkanai 1) 100,00 100,00
PT Medco Energi Sampang 1) 100,00 100,00
PT Medco Energi Amanah (dahulu/formerly PT Medco Power Generation Indonesia) 1) 100,00 100,00
Jasa penunjang operasi minyak dan gas/
Support services for oil and gas activities
PT Medco Energi CBM Indonesia 1) 100,00 100,00
Medco Petroleum Services Ltd 2) 100,00 100,00
Perdagangan/
Trading
PT Medco Sampang Indonesia 1) 100,00 100,00
Far East Energy Trading Pte Ltd 2) 100,00 100,00
Produksi kimia dan perdagangan/
Production and trading of chemicals
PT Medco Downstream Indonesia 1) 3) 100,00 100,00
PT Medco LPG Kaji 2) 3) 100,00 100,00
PT Medco Methanol Bunyu 2) 3) 100,00 100,00
PT Medco Ethanol Lampung 2) 3) 100,00 100,00
Energi Listrik/
Power
PT Muara Enim Multi Power 2) 80,00 80,00
PT Medco Geothermal Nusantara 2) 100,00 100,00
PT Medco Hidro Indonesia 2) 100,00 100,00
PT Medcopower Energi Baru 2) 100,00 100,00
PT Medcopower Surya Nusantara 2) 100,00 100,00
PT Medcopower Elektrika Indonesia 2) 100,00 100,00
PT Medco Power Geothermal Services 2) 60,00 –
PT Medco Pasifik Solar Transmisi 2) 100,00 –
PT Medco Power Geothermal Energi 2) 100,00 –
180 PT Medco Energi Internasional Tbk 2024 Annual Report
19
Page 183
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
Persentase kepemilikan efektif/
Effective percentage of ownership
2024 2023
Lain-lain/Others
PT Medco Solar Pasifik 2) 100,00 100,00
Medco Power Global Pte Ltd 2) 100,00 100,00
PT Medco Sarana Balaraja 1) 100,00 100,00
PT Musi Raksa Buminusa 2) 100,00 100,00
PT Mahakam Raksa Buminusa 2) 99,00 99,00
PT Medco Energi Nusantara 1) 100,00 100,00
PT Medco Energi Linggau 2) 100,00 100,00
PT Medco Geothermal Sumatera 2) 100,00 100,00
PT Medco Power Energi Services 2) 100,00 100,00
PT Mitra Energi Pelayaran 2) 100,00 –
1) Entitas anak dengan kepemilikan langsung oleh PT Medco Energi Internasional Tbk 1) Subsidiaries held directly by PT Medco Energi Internasional Tbk
2) Entitas anak dengan kepemilikan tidak langsung 2) Subsidiaries held indirectly through subsidiary undertakings
3) Entitas anak diklasifikasikan sebagai aset tersedia untuk dijual atau operasi yang 3) Subsidiaries classified as asset held for sale or discontinued operation (Note 39)
dihentikan (Catatan 39)
4) Entitas anak dibubarkan pada tahun 2024 4) Subsidiaries dissolved in 2024
ii. Grup mempunyai operasi bersama minyak ii. The Group has interests in the following
dan gas atau Kontrak Jasa/Perjanjian domestic petroleum joint operations or
Partisipasi dan Pembagian Ekonomi di Service Contracts/Participation and
dalam negeri sebagai berikut: Economic Sharing Agreements as follows:
Hak Kepemilikan (%)/Interest (%)
Daerah Operasi 2024 2023 Operation Area
PSC Sumatera Selatan 65,00 65,00 PSC South Sumatera
PSC Tarakan 100,00 100,00 PSC Tarakan
PSC Rimau 65,00 65,00 PSC Rimau
JOB Senoro-Toili 30,00 30,00 JOB Senoro-Toili
PSC Lematang 100,00 100,00 PSC Lematang
JOB Simenggaris 62,50 62,50 JOB Simenggaris
PSC Blok “A” Aceh (Blok A) 85,00 85,00 PSC Block “A” Aceh (Block A)
PSC Laut Natuna Selatan Blok B PSC South Natuna Sea Block B
40,00 40,00
(Blok B) (Block B)
PSC Bangkanai 70,00 70,00 PSC Bangkanai
PSC Bangkanai Barat 70,00 70,00 PSC West Bangkanai
PSC Madura Offshore (Madura) 67,50 67,50 PSC Madura Offshore (Madura)
PSC Sampang 45,00 45,00 PSC Sampang
PSC Sokang Utara 100,00 100,00 PSC North Sokang
PSC Blok Corridor 46,00 46,00 PSC Block Corridor
PSC Beluga 100,00 100,00 PSC Beluga
PSC Amanah 40,00 – PSC Amanah
PSC: Kontrak Bagi Hasil PSC: Production Sharing Contract
JOB: Badan Operasi Bersama JOB: Joint Operating Body
20
PT Medco Energi Internasional Tbk 2024 Annual Report
181
Page 184
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Entitas Anak (lanjutan) d. Subsidiaries (continued)
iii. Grup mempunyai operasi bersama minyak iii. The Group has interests in the following
dan gas atau Kontrak Jasa/Perjanjian overseas petroleum joint operations or
Partisipasi dan Pembagian Ekonomi di luar Service Contracts/Participation and
negeri sebagai berikut: Economic Sharing Agreements as follows:
Hak Kepemilikan (%)/Interest (%)
Operasi Bersama Negara/Country 2024 2023 Joint Operations
Blok 8/38 (Bualuang) Thailand 100,00 100,00 Block 8/38 (Bualuang)
Nimr - Karim Area Oman 58,50 58,50 Nimr - Karim Area
Blok 56 Oman 5,00 5,00 Block 56
Blok 47 Ghadames Basin Block 47 Ghadames Basin
Libya – 50,00
(Area 47) 1) (Area 47) 1)
Blok 12W 1) Vietnam – 31,88 Block 12W 1)
Blok 9 Yaman/Yemen 21,25 21,25 Block 9
Blok 1 dan 4 Tanzania 20,00 20,00 Block 1 and 4
Blok 10 dan 12 Mexico 20,00 20,00 Block 10 and 12
Blok 48 Oman 20,00 20,00 Block 48
Blok 60 Oman 20,00 20,00 Block 60
1) Operasi dari entitas anak yang diklasifikasikan sebagai aset tersedia untuk dijual 1) Operation from subsidiary classified as asset held for sale or discontinued operation
atau operasi yang dihentikan pada tanggal 31 Desember 2023 (Catatan 39). as of December 31, 2023 (Note 39).
iv. Grup mempunyai pembangkit listrik dengan iv. The Group has power plants with the
kapasitas terpasang sebagai berikut: installed capacity as follows:
Kapasitas Terpasang (MW)/
Installed Capacity (MW)
Entitas Wilayah/Region 2024 2023
PT Medco Power Indonesia Sumatera Selatan/South Sumatera 7 7
PT Mitra Energi Batam Batam 85 85
PT Dalle Energy Batam Batam 85 85
PT Energi Listrik Batam Batam 76 76
PT Energi Prima Elektrika Palembang 12 12
PT Multidaya Prima Elektrindo Palembang 12 12
PT Bio Jatropha Indonesia Jawa Barat/West Java 9 9
PT Pembangkitan Pusaka Parahiangan Jawa Barat/West Java 9 9
PT Medco Ratch Power Riau Riau 275 275
PT Medco Cahaya Geothermal 1) Jawa Timur/East Java 110 110
PT Medcosolar Bali Timur 2) Bali Timur/Eastern Bali 25 –
1) Masih dalam proses konstruksi dan belum beroperasi secara komersial pada 1) In construction process and not commercially operational yet as of December 31,
tanggal 31 Desember 2024 dan 2023. 2024 and 2023.
2) Masih dalam proses konstruksi dan belum beroperasi secara komersial pada 2) In construction process and not commercially operational yet as of December 31,
tanggal 31 Desember 2024. 2024.
v. Grup melakukan sejumlah akuisisi dan v. The Group has undertaken acquisitions
divestasi/penjualan aset sebagaimana and divestments/sale of assets as
diungkapkan dalam Catatan 48. disclosed in Note 48.
182 PT Medco Energi Internasional Tbk 2024 Annual Report
21
Page 185
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL - POLICIES INFORMATION
a. Dasar Penyajian Laporan Keuangan a. Basis of Presentation of the Consolidated
Konsolidasian Financial Statements
Laporan keuangan konsolidasian telah The consolidated financial statements have
disajikan sesuai dengan Standar Akuntansi been prepared in accordance with Indonesian
Keuangan (“SAK”), yang terdiri dari Financial Accounting Standards (“SAK”), which
Pernyataan Standar Akuntansi Keuangan comprise the Statements of Financial
(“PSAK”) dan Interpretasi Standar Akuntansi Accounting Standards (“PSAK”) and
Keuangan (“ISAK”) yang dikeluarkan oleh Interpretations of Financial Accounting
Dewan Standar Akuntansi Keuangan Ikatan Standards (“ISAK”) issued by the Financial
Akuntan Indonesia (“DSAK IAI”) dan Peraturan Accounting Standards Board of the Indonesian
serta Pedoman Penyajian dan Pengungkapan Institute of Accountants (“DSAK IAI”) and the
Laporan Keuangan yang dikeluarkan oleh Regulations and the Guidelines on Financial
Otoritas Jasa Keuangan (“OJK”). Statements Presentation and Disclosures
issued by Financial Services Authority (“OJK”).
Laporan keuangan konsolidasian disusun The consolidated financial statements have
berdasarkan konsep akrual, kecuali laporan been prepared on the accrual basis, except for
arus kas konsolidasian, dengan menggunakan the consolidated statement of cash flows,
konsep biaya historis, kecuali seperti yang using the historical cost concept of accounting,
disebutkan dalam Catatan atas laporan except as disclosed in the relevant Notes to
keuangan konsolidasian yang relevan. the consolidated financial statements herein.
Laporan arus kas konsolidasian yang disajikan The consolidated statement of cash flows,
dengan menggunakan metode langsung, which have been prepared using the direct
menyajikan penerimaan dan pengeluaran kas method, present receipts and disbursements
dan setara kas yang diklasifikasikan ke dalam of cash and cash equivalents classified into
aktivitas operasi, investasi dan pendanaan. operating, investing and financing activities.
Kebijakan akuntansi yang diterapkan oleh The accounting policies adopted by the Group
Grup adalah selaras bagi tahun yang dicakup are consistently applied for the years covered
oleh laporan keuangan konsolidasian, kecuali by the consolidated financial statements,
untuk standar akuntansi baru dan revisi seperti except for new and revised accounting
diungkapkan pada Catatan 2b dibawah ini. standards as disclosed in Note 2b below.
Grup telah menyusun laporan keuangan The Group has prepared the consolidated
konsolidasian dengan dasar bahwa Grup akan financial statements on the basis that it will
menjaga kelangsungan usaha. continue to operate as a going concern.
Mata uang pelaporan yang digunakan dalam The presentation currency used in the
penyusunan laporan keuangan konsolidasian preparation of the consolidated financial
adalah Dolar Amerika Serikat (”Dolar AS”), statements is the United States Dollar (“US
yang juga merupakan mata uang fungsional Dollar”), which also the Company’s functional
Perusahaan dan mata uang pelaporan Grup. currency and the Group’s presentation
Setiap entitas dalam Grup menentukan mata currency. Each entity in the Group determines
uang fungsionalnya masing-masing dan its own functional currency and measures its
mengukur transaksinya dalam mata uang transactions in its respective functional
fungsional tersebut. currency.
b. Prinsip-prinsip Konsolidasi b. Principles of Consolidation
Laporan keuangan konsolidasian terdiri dari The consolidated financial statements
laporan keuangan Perusahaan dan entitas comprise the financial statements of the
anaknya seperti dijelaskan pada Catatan 1d. Company and its subsidiaries as described in
Note 1d.
22
PT Medco Energi Internasional Tbk 2024 Annual Report
183
Page 186
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip Konsolidasi (lanjutan) b. Principles of Consolidation (continued)
Laporan keuangan konsolidasian meliputi The consolidated financial statements include
laporan keuangan Perusahaan dan entitas accounts of the Company and its subsidiaries
anak (“Grup”) pada tanggal 31 Desember (“Group”) at December 31 each year. Control
setiap tahun. Kendali diperoleh bila Grup is achieved when the Group is exposed, or has
terekspos atau memiliki hak atas imbal hasil rights, to the variable returns from its
variabel dari keterlibatannya dengan investee involvement with the investee and has the
dan memiliki kemampuan untuk ability to affect those returns through its power
mempengaruhi imbal hasil tersebut melalui over the investee. Thus, the Group controls an
kekuasaannya atas investee. Dengan investee if and only if the Group has all of the
demikian, Grup mengendalikan investee jika following:
dan hanya jika Grup memiliki seluruh hal
berikut ini:
(a) kekuasaan atas investee, yaitu hak yang (a) power over the investee, is existing rights
ada saat ini yang memberi Grup that give the Group the current ability to
kemampuan kini untuk mengarahkan direct the relevant activities of the
aktivitas yang relevan dari investee; investee;
(b) eksposur atau hak atas imbal hasil (b) exposure or rights, to variable returns
variabel dari keterlibatannya dengan from its involvement with the investee;
investee; dan and
(c) kemampuan untuk menggunakan (c) the ability to use its power over the
kekuasaannya atas investee untuk investee to affect its returns.
mempengaruhi jumlah imbal hasil.
Bila Grup memiliki hak suara atau hak serupa When the Group has less than a majority of
kurang dari mayoritas dari suatu investee, the voting or similar rights of an investee, the
Grup mempertimbangkan semua fakta dan Group considers all relevant facts and
keadaan yang relevan dalam mengevaluasi circumstances in assessing whether it has
apakah mereka memiliki kekuasaan atas power over an investee, including:
investee, termasuk:
(a) pengaturan kontraktual dengan pemilik (a) the contractual arrangement with the
hak suara lainnya dari investee; other vote holders of the investee;
(b) hak yang timbul atas pengaturan (b) rights arising from other contractual
kontraktual lain; dan arrangements; and
(c) hak suara dan hak suara potensial yang (c) the Group’s voting rights and potential
dimiliki Grup. voting rights.
Grup menilai kembali apakah mereka The Group re-assesses whether or not it
mengendalikan investee bila fakta dan controls an investee if facts and circumstances
keadaan mengindikasikan adanya perubahan indicate that there are changes to one or more
terhadap satu atau lebih dari ketiga elemen of the three elements of control.
pengendalian.
Entitas anak dikonsolidasi secara penuh sejak Subsidiaries are fully consolidated from the
tanggal akuisisi, yaitu tanggal Perusahaan date of acquisition, being the date on which
memperoleh pengendalian, sampai dengan the Company obtained control, and continue to
tanggal kehilangan pengendalian. Aset, be consolidated until the date such control
liabilitas, penghasilan dan beban dari entitas ceases. Assets, liabilities, income and
anak yang diakuisisi pada tahun tertentu expenses of a subsidiary acquired during the
disertakan dalam laporan keuangan year are included in the consolidated financial
konsolidasian sejak tanggal Grup memperoleh statements from the date the Group obtains
kendali sampai tanggal Grup tidak lagi control and until the date the Group ceases to
mengendalikan entitas anak tersebut. control the subsidiary.
184 PT Medco Energi Internasional Tbk 2024 Annual Report
23
Page 187
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip Konsolidasi (lanjutan) b. Principles of Consolidation (continued)
Seluruh laba rugi dan setiap komponen Profit or loss and each component of other
penghasilan komprehensif lain (“PKL”) comprehensive income (“OCI”) are attributed
diatribusikan pada pemilik entitas induk dan to the equity holders of the parent of the Group
pada kepentingan nonpengendali (“KNP”), and to the non-controlling interests (“NCI”),
walaupun hal ini akan menyebabkan saldo even if this results in the NCI having a deficit
KNP yang defisit. Bila dipandang perlu, balance. When necessary, adjustments are
penyesuaian dilakukan terhadap laporan made to the financial statements of
keuangan entitas anak untuk diselaraskan subsidiaries to bring their accounting policies
dengan kebijakan akuntansi Grup. into line with the Group’s accounting policies.
Laporan keuangan (konsolidasian) entitas The (consolidated) financial statements of the
anak dibuat untuk periode pelaporan yang subsidiaries are prepared for the same
sama dengan Perusahaan, menggunakan reporting period as the Company, using
kebijakan akuntansi yang konsisten. consistent accounting policies.
Semua akun dan transaksi antar Grup yang All material intercompany accounts and
material, termasuk keuntungan atau kerugian transactions, including unrealized gains or
yang belum direalisasi, jika ada, dieliminasi losses, if any, are eliminated to reflect the
untuk mencerminkan posisi keuangan dan financial position and the results of operations
hasil operasi Grup sebagai satu kesatuan of the Group as one business entity.
usaha.
Perubahan dalam bagian kepemilikan entitas A change in the parent’s ownership in a
induk pada entitas anak, yang tidak subsidiary, without loss of control, is
mengakibatkan hilangnya pengendalian, accounted for as an equity transaction. In case
dicatat sebagai transaksi ekuitas. Jika of loss of control over a subsidiary, the Group
kehilangan pengendalian atas suatu entitas derecognizes the related assets (including
anak, maka Grup menghentikan pengakuan goodwill), liabilities, non-controlling interest
aset terkait (termasuk goodwill), kewajiban, (NCI) and other componets of equity, while
kepentingan nonpengendali (KNP) dan any resulting gain or loss is recognized in profit
komponen ekuitas lainnya, sementara laba or loss. Any investment retained is recognized
atau rugi yang dihasilkan dicatat di laporan at fair value.
laba rugi. Nilai investasi yang dipertahankan
dicatat pada nilai wajarnya.
c. Kombinasi Bisnis c. Business Combinations
Kombinasi bisnis dicatat dengan Business combinations are accounted for
menggunakan metode akuisisi. Biaya using the acquisition method. The cost of an
perolehan dari suatu akuisisi diukur dari nilai acquisition is measured as the aggregate of
agregat imbalan yang dialihkan, diukur pada the consideration transferred, measured at
nilai wajar pada tanggal akuisisi dan jumlah acquisition date fair value and the amount of
setiap KNP pada pihak yang diakuisisi. Untuk any NCI in the acquiree. For each business
setiap kombinasi bisnis, Grup mengukur KNP combination, the Group measures the NCI in
pada entitas yang diakuisisi pada nilai wajar the acquiree either at fair value or at the
atau pada proporsi kepemilikan KNP atas aset proportionate share of the acquiree’s
neto yang teridentifikasi dari entitas yang identifiable net assets. Transaction costs
diakuisisi. Biaya-biaya akuisisi yang timbul incurred are directly expensed and included in
dibebankan langsung dan dicatat dalam “Selling, General and Administrative
“Beban Penjualan, Umum dan Administrasi”. Expenses”.
24
PT Medco Energi Internasional Tbk 2024 Annual Report
185
Page 188
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
c. Kombinasi Bisnis (lanjutan) c. Business Combinations (continued)
Grup menentukan bahwa mereka telah The Group determines that it has acquired a
mengakuisisi bisnis ketika rangkaian aktivitas business when the acquired set of activities
dan aset yang diakuisisi mencakup input dan and assets include an input and a substantive
proses substantif yang bersama-sama secara process that together significantly contribute to
signifikan berkontribusi pada kemampuan the ability to create outputs. The acquired
untuk menghasilkan output. Proses yang process is considered substantive if it is critical
diperoleh adalah substantif jika penting bagi to the ability to continue producing outputs,
kemampuan untuk terus menghasilkan output, and the inputs acquired include an organized
dan input yang diperoleh mencakup tenaga workforce with the necessary skills,
kerja yang terorganisir dengan keterampilan, knowledge, or experience to perform that
pengetahuan, atau pengalaman yang process or it significantly contributes to the
diperlukan untuk melakukan proses itu atau ability to continue producing outputs and is
secara signifikan berkontribusi pada considered unique or scarce or cannot be
kemampuan untuk terus menghasilkan output replaced without significant cost, effort, or
dan dianggap unik atau langka atau tidak delay in the ability to continue producing
dapat diganti tanpa biaya, usaha, atau outputs.
penundaan yang signifikan dalam kemampuan
untuk terus menghasilkan output.
Ketika melakukan akuisisi atas sebuah bisnis, When the Group acquires a business, it
Grup mengklasifikasikan dan menentukan aset assesses the financial assets acquired and
keuangan yang diperoleh dan liabilitas liabilities assumed for appropriate
keuangan yang diambil alih berdasarkan pada classification and designation in accordance
persyaratan kontraktual, kondisi ekonomi dan with the contractual terms, economic
kondisi terkait lain yang ada pada tanggal circumstances and pertinent conditions as at
akuisisi. the acquisition date.
Imbalan kontinjensi yang akan dibayarkan oleh Any contingent consideration to be transferred
Grup diakui pada nilai wajar pada tanggal by the Group will be recognized at fair value at
akuisisi. Perubahan nilai wajar atas imbalan the acquisition date. Subsequent changes to
kontinjensi setelah tanggal akuisisi yang the fair value of the contingent consideration
diklasifikasikan sebagai aset atau liabilitas, which is deemed to be an asset or liability will
akan diakui dalam laporan laba rugi atau be recognized in accordance with PSAK 109
sebagai penghasilan komprehensif lain sesuai either in profit or loss or as other
dengan PSAK 109 Imbalan kontinjensi lain comprehensive income. Other contingent
yang tidak termasuk dalam PSAK 109 diukur consideration that is not within the scope of
sebesar nilai wajar pada setiap tanggal PSAK 109 is measured at fair value at each
pelaporan dengan perubahan nilai wajar yang reporting date with changes in fair value
diakui pada laba rugi. recognized in profit or loss.
Bila pencatatan awal kombinasi bisnis belum If the initial accounting for a business
dapat diselesaikan pada tanggal pelaporan, combination is incomplete by the end of the
Grup melaporkan jumlah sementara bagi pos reporting, the Group reports provisional
yang pencatatannya belum dapat diselesaikan amounts for the items for which the accounting
tersebut. is incomplete.
186 PT Medco Energi Internasional Tbk 2024 Annual Report
25
Page 189
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
c. Kombinasi Bisnis (lanjutan) c. Business Combinations (continued)
Periode pengukuran adalah periode setelah The measurement period is the period after
tanggal akuisisi yang didalamnya Grup dapat the acquisition date during which the Group
melakukan penyesuaian atas jumlah may adjust the provisional amounts
sementara yang diakui dalam kombinasi bisnis recognized for a business combination. During
tersebut. Selama periode pengukuran, Grup the measurement period, the Group
mengakui penambahan aset atau liabilitas bila recognizes additional assets or liabilities if new
terdapat informasi terbaru yang diperoleh information is obtained about facts and
mengenai fakta dan keadaan pada tanggal circumstances that existed as of the
akuisisi, yang bila diketahui pada saat itu, acquisition date and, if known, would have
akan menyebabkan pengakuan atas aset dan resulted in the recognition of those assets and
liabilitas pada tanggal tersebut. liabilities as of that date.
Periode pengukuran berakhir pada saat The measurement period ends as soon as the
pengakuisisi menerima informasi yang Group receives the information it was seeking
diperlukan mengenai fakta dan keadaan pada about facts and circumstances that existed as
tanggal akuisisi atau mengetahui bahwa of the acquisition date or learns that more
informasi lainnya tidak dapat diperoleh, namun information is not obtainable but shall not
tidak lebih dari satu tahun dari tanggal akuisisi. exceed one year from the acquisition date.
Pada tanggal akuisisi, goodwill awalnya diukur At acquisition date, goodwill is initially
pada harga perolehan yang merupakan selisih measured at cost being the excess of the
lebih nilai agregat dari imbalan yang dialihkan aggregate of the consideration transferred and
dan jumlah setiap KNP atas selisih jumlah dari the amount recognized for NCI over the net
aset teridentifikasi yang diperoleh dan liabilitas identifiable assets acquired and liabilities
yang diambil alih. assumed.
Jika imbalan tersebut lebih rendah dari nilai If this consideration is lower than the fair value
wajar aset neto entitas anak yang diakuisisi, of the net assets of the subsidiary acquired,
selisih tersebut diakui pada laba rugi sebagai the difference is recognized in profit or loss as
keuntungan dari pembelian dengan diskon gain on bargain purchase after previously
setelah sebelumnya manajemen melakukan assessing the identification and fair value
penilaian atas identifikasi dan nilai wajar dari measurement of the acquired assets and the
aset yang diperoleh dan liabilitas yang diambil assumed liabilities.
alih.
Setelah pengakuan awal, goodwill diukur pada After initial recognition, goodwill is measured
jumlah tercatat dikurangi akumulasi kerugian at cost less accumulated impairment losses, if
penurunan nilai, jika ada. Untuk tujuan uji any. For the purpose of impairment testing,
penurunan nilai, goodwill yang diperoleh dari goodwill acquired in a business combination is
suatu kombinasi bisnis dialokasikan sejak allocated from the acquisition date to each of
tanggal akuisisi kepada setiap unit penghasil the Group’s cash-generating units (“CGU”) that
kas (“UPK”) dari Grup yang diharapkan akan are expected to receive benefit from the
memperoleh manfaat dari kombinasi tersebut, combination, irrespective of whether other
terlepas dari apakah aset atau liabilitas lain assets or liabilities of the acquirer are assigned
dari pihak yang mengakuisisi dialokasikan to those CGUs.
kepada UPK tersebut.
Jika goodwill telah dialokasikan pada suatu Where goodwill forms part of a CGU and part
UPK dan operasi tertentu dalam UPK tersebut of the operation within that CGU is disposed
dilepas, maka goodwill yang terasosiasi of, the goodwill associated with the operation
dengan operasi yang dilepas tersebut disposed of is included in the carrying amount
dimasukkan dalam jumlah tercatat operasi of the operation when determining the gain or
tersebut ketika menentukan keuntungan atau loss on disposal of the operation. Goodwill
kerugian dari pelepasan operasi. Goodwill disposed of in this circumstance is measured
yang dilepaskan tersebut diukur berdasarkan based on the relative values of the operation
nilai relatif operasi yang dilepas dan porsi UPK disposed of and the portion of the CGU
yang ditahan. retained.
26
PT Medco Energi Internasional Tbk 2024 Annual Report
187
Page 190
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
c. Kombinasi Bisnis (lanjutan) c. Business Combinations (continued)
Kombinasi Bisnis Entitas Sepengendali Business Combination of Entities Under
Common Control
Berdasarkan PSAK 338, karena transaksi Under PSAK 338, since the transaction of
kombinasi bisnis entitas sepengendali tidak business combination of entities under
mengakibatkan perubahan substansi ekonomi common control does not result in a change of
kepemilikan atas bisnis yang dipertukarkan, the economic substance of the ownership of
transaksi tersebut diakui pada nilai tercatat businesses which are exchanged, the said
berdasarkan metode penyatuan kepemilikan. transaction is recognized at its carrying
Dalam menerapkan metode penyatuan amount using the pooling-of-interest method.
kepemilikan, unsur-unsur laporan keuangan In applying the pooling-of-interest method, the
dari entitas yang bergabung, untuk tahun components of the financial statements of the
terjadinya kombinasi bisnis entitas combining entities, for the year during which
sepengendali dan untuk tahun komparatif the business combination of entities under
sajian, disajikan seolah-olah penggabungan common control occurred and for the
tersebut telah terjadi sejak awal tahun entitas comparative year, are presented in such a
yang bergabung berada dalam manner as if the combination has occurred
sepengendalian. Selisih antara jumlah imbalan since the beginning of the year of the
yang dialihkan dalam kombinasi bisnis entitas combining entity under common control.
sepengendali atau jumlah imbalan yang Difference in value of considerations
diterima dalam pelepasan bisnis entitas transferred in a business combination of
sepengendali, jika ada, dengan nilai tercatat entities under common control or
bisnis tersebut dicatat sebagai bagian dari considerations received in a disposal of
akun "Tambahan Modal Disetor" pada laporan business of entities under common control, if
posisi keuangan konsolidasian. any, with its carrying amount is recognized as
part of "Additional Paid-in Capital" in the
consolidated statements of financial position.
d. Penentuan Nilai Wajar d. Determination of Fair Value
Grup mengukur instrumen keuangan seperti The Group measures financial instruments
derivatif dan investasi jangka pendek pada such as derivatives and short-term
nilai wajar pada setiap tanggal pelaporan. investments at fair value at each reporting
Pengungkapan nilai wajar untuk instrumen date. Fair value related disclosures for
keuangan disajikan dalam Catatan 46. financial instruments are disclosed in Note 46.
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received
untuk menjual suatu aset atau harga yang to sell an asset or paid to transfer a liability in
akan dibayar untuk mengalihkan suatu an orderly transaction between market
liabilitas dalam transaksi teratur antara pelaku participants at the measurement date. The fair
pasar pada tanggal pengukuran. Pengukuran value measurement is based on the
nilai wajar berdasarkan asumsi bahwa presumption that the transaction to sell the
transaksi untuk menjual aset atau asset or transfer the liability takes place either:
mengalihkan liabilitas terjadi di:
• Pasar utama untuk aset dan liabilitas • In the principal market for the asset or
tersebut; atau liability; or
• Jika tidak terdapat pasar utama, di pasar • In the absence of a principal market, in the
yang paling menguntungkan untuk aset most advantageous market for the asset or
atau liabilitas tersebut liability.
188 PT Medco Energi Internasional Tbk 2024 Annual Report
27
Page 191
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Penentuan Nilai Wajar (lanjutan) d. Determination of Fair Value (continued)
Grup harus memiliki akses ke pasar utama The principal or the most advantageous
atau pasar yang paling menguntungkan market must be accessible by the Group.
tersebut.
Nilai wajar aset dan liabilitas diukur The fair value of an asset and a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
pelaku pasar ketika menentukan harga aset participants would use when pricing the asset
atau liabilitas tersebut, dengan asumsi bahwa or liability, assuming that market participants
pelaku pasar bertindak dalam kepentingan act in their economic best interest.
ekonomi terbaiknya.
Pengukuran nilai wajar dari suatu aset A fair value measurement of a non-financial
nonkeuangan memperhitungkan kemampuan asset takes into account a market participant's
pelaku pasar untuk menghasilkan manfaat ability to generate economic benefits by using
ekonomi dengan menggunakan aset dalam the asset in its highest and best use or by
penggunaan tertinggi dan terbaiknya atau selling it to another market participant that
dengan menjualnya kepada pelaku pasar lain would use the asset in its highest and best
yang akan menggunakan aset tersebut pada use.
penggunaan tertinggi dan terbaiknya.
Grup menggunakan teknik penilaian yang The Group uses valuation techniques that are
sesuai dalam keadaan dan dimana data yang appropriate in the circumstances and for which
memadai tersedia untuk mengukur nilai wajar, sufficient data are available to measure fair
memaksimalkan penggunaan input yang dapat value, maximizing the use of relevant
diobservasi yang relevan dan meminimalkan observable inputs and minimizing the use of
penggunaan input yang tidak dapat unobservable inputs.
diobservasi.
Semua aset dan liabilitas yang nilai wajarnya All assets and liabilities for which fair value is
diukur atau diungkapkan dalam laporan measured or disclosed in the consolidated
keuangan konsolidasian dikategorikan dalam financial statements are categorized within the
hierarki nilai wajar, sebagaimana dijelaskan di fair value hierarchy, described as follows,
bawah ini, berdasarkan tingkatan level input based on the lowest level input that is
yang terendah yang signifikan terhadap significant to the fair value measurement as a
pengukuran nilai wajar secara keseluruhan: whole:
• Level 1 - harga kuotasian (tanpa • Level 1 - quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset atau prices in active markets for identical assets
liabilitas yang identik. or liabilities.
• Level 2 - teknik penilaian di mana tingkat • Level 2 - valuation techniques for which the
level input terendah yang signifikan lowest level input that is significant to the
terhadap pengukuran nilai wajar dapat fair value measurement is directly or
diobservasi baik secara langsung atau indirectly observable.
tidak langsung.
• Level 3 - teknik penilaian dimana tingkat • Level 3 - valuation techniques for which the
level input terendah yang signifikan lowest level input that is significant to the
terhadap pengukuran nilai wajar tidak fair value measurement is directly or
dapat diobservasi baik secara langsung indirectly unobservable.
atau tidak langsung.
28
PT Medco Energi Internasional Tbk 2024 Annual Report
189
Page 192
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Penentuan Nilai Wajar (lanjutan) d. Determination of Fair Value (continued)
Untuk aset dan liabilitas yang diukur nilai For assets and liabilities that are recognized in
wajarnya secara berulang dalam laporan the consolidated financial statements at fair
keuangan konsolidasian, Grup menentukan value on a recurring basis, the Group
apakah perpindahan antar level hierarki telah determines whether transfers have occurred
terjadi dengan melakukan evaluasi between levels in the hierarchy by re-
pengelompokan pada setiap akhir periode assessing categorization at the end of each
pelaporan. reporting period.
Komite Valuasi Grup menentukan kebijakan The Group’s Valuation Committee determines
dan prosedur terkait pengukuran nilai wajar the policies and procedures for recurring fair
yang sering dilakukan, seperti aset finansial value measurement, such as unquoted
tanpa kuotasian, dan untuk pengukuran tidak financial assets, and for non-recurring
berulang, seperti aset yang dimiliki untuk dijual measurement, such as assets held for sales in
dalam operasi yang dihentikan. Komite Valuasi discontinued operations. The Valuation
terdiri dari pimpinan divisi Corporate Planning Committee is comprised of the head of the
and Investor Relations Grup. Group’s Corporate Planning and Investor
Relations.
Penilai independen terlibat dalam penilaian Independent appraisers are involved for
untuk aset-aset yang signifikan, seperti valuation of significant assets, such as
investasi pada aset finansial tanpa kuotasian. investment in unquoted financial assets.
Keterlibatan penilai independen ini dilakukan Involvement of independent appraisers is
secara tahunan oleh Komite Valuasi setelah determined annually by the Valuation
didiskusikan dengan dan persetujuan oleh Committee after discussion with and approval
Direktur Perusahaan. Kriteria penunjukan by the Company’s Director. Selection criteria
termasuk pengetahuan pasar, reputasi, include market knowledge, reputation,
independensi dan standar profesional yang independence and whether professional
diterapkan. Komite Valuasi memutuskan, standards are maintained. The Valuation
setelah diskusi dengan penilai independen, Committee decides, after discussions with the
mengenai teknik valuasi dan input untuk independent appraisers, which valuation
digunakan untuk setiap penilaian. techniques and inputs to use for each
valuation.
Pada setiap tanggal pelaporan, divisi At each reporting date, the Group’s Corporate
Corporate Planning and Investor Relations Planning and Investor Relations together with
Grup bersama dengan divisi Aset Non-operasi the Group’s Non-operated Assets Division
Grup, menganalisa pergerakan atas nilai aset analysis the movements in the values of asset
yang mengharuskan untuk diukur ulang atau which are required to be remeasured or re-
dinilai ulang sesuai dengan kebijakan Grup. assessed as per the Group’s accounting
Untuk keperluan analisa, Komite Valuasi policies. For this analysis, the Valuation
melakukan verifikasi untuk input-input utama Committee verifies the major inputs applied in
yang ada pada perhitungan valuasi terakhir the latest valuation by agreeing the information
dan melakukan pencocokan informasi dalam in the valuation computation to contracts and
perhitungan dengan kontrak-kontrak dan other relevant documents, they also compares
dokumen-dokumen terkait, mereka juga the change in the fair value of each asset and
membandingkan perubahan nilai wajar untuk liability with relevant external sources to
setiap aset dan liabilitas dengan sumber determine whether the change is reasonable.
eksternal terkait untuk menentukan apakah
perubahan tersebut cukup wajar.
190 PT Medco Energi Internasional Tbk 2024 Annual Report
29
Page 193
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Penentuan Nilai Wajar (lanjutan) d. Determination of Fair Value (continued)
Untuk keperluan pengungkapan nilai wajar, For the purpose of fair value disclosures, the
Grup telah menentukan kelas aset dan Group has determined classes of assets and
liabilitas berdasarkan sifat, karakteristik dan liabilities based on the nature, characteristics
risiko atas aset atau liabilitas tersebut dan and risks of the asset or liability and the level
level hierarki nilai wajar seperti dijelaskan di of the fair value hierarchy as explained above.
atas.
e. Transaksi dan Saldo dalam Mata Uang e. Foreign Currency Transactions and
Asing Balances
Laporan keuangan konsolidasian disajikan The consolidated financial statements are
dalam Dolar AS, yang merupakan mata uang presented in US Dollar, which is the
fungsional Perusahaan dan mata uang Company’s functional currency and the
penyajian Grup. Setiap entitas dalam Grup Group’s presentation currency. Each entity in
menentukan mata uang fungsionalnya sendiri the Group determines its own functional
dan laporan keuangannya diukur currency and their financial statements are
menggunakan mata uang fungsional. measured using that functional currency.
Transaksi dan Saldo Transactions and Balances
Seluruh aset dan liabilitas moneter dalam All monetary assets and liabilities denominated
mata uang selain Dolar AS dijabarkan ke Dolar in currencies other than US Dollar are
AS dengan menggunakan kurs tengah Bank translated to US Dollar at the Bank of
Indonesia yang berlaku pada tanggal Indonesia’s middle exchange rates prevailing
pelaporan. Keuntungan atau kerugian neto on the reporting date. The resulting net foreign
dari selisih kurs dikreditkan atau dibebankan exchange gains or losses are credited or
ke operasi berjalan. charged to current operations.
Grup Perusahaan Group Companies
Untuk tujuan konsolidasi, aset dan liabilitas For consolidation purposes, assets and
entitas anak, yang mempunyai mata uang liabilities of subsidiaries with functional
fungsional selain Dolar AS dijabarkan ke mata currency other than US Dollar are translated
uang penyajian Grup yaitu Dolar AS dengan into the Group presentation currency which is
menggunakan pedoman berikut ini: the US Dollar using the following basis:
(a) Aset dan liabilitas, baik moneter dan non- (a) Assets and liabilities, both monetary and
moneter, dijabarkan dengan menggunakan non-monetary, are translated using the
kurs tukar yang berlaku pada akhir tanggal rates of exchange prevailing at the end of
pelaporan, sedangkan akun-akun ekuitas financial reporting date, while equity
dijabarkan dengan menggunakan kurs accounts are translated using historical
tukar historis; rates of exchange;
(b) Pendapatan dan beban serta arus kas (b) Revenues and expenses and cash flows
dijabarkan dengan menggunakan kurs are translated using average rates of
tukar rata-rata; exchange;
(c) Selisih kurs tukar yang terjadi dikreditkan (c) The resulting foreign exchange differences
atau dibebankan ke akun “Penghasilan arising on translation for consolidation are
Komprehensif Lain - Selisih Kurs karena recognized in “Other Comprehensive
Penjabaran Laporan Keuangan” yang Income - Translation Adjustments”, under
disajikan pada bagian Ekuitas di laporan the Equity section of the consolidated
posisi keuangan konsolidasian, sampai statements of financial position, until the
pelepasan investasi neto yang disposal of the net investment or the
bersangkutan atau kegiatan usaha luar foreign operation.
negeri.
30
PT Medco Energi Internasional Tbk 2024 Annual Report
191
Page 194
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
e. Transaksi dan Saldo dalam Mata Uang e. Foreign Currency Transactions and
Asing (lanjutan) Balances (continued)
Kurs yang digunakan pada tanggal At December 31, 2024 and 2023, the
31 Desember 2024 dan 2023 atas saldo exchange rates used for significant foreign
dalam mata uang asing yang signifikan adalah currency-denominated balances are as
sebagai berikut: follows:
2024 2023
Rupiah/AS$1 0,000062 0,000065 Rupiah/US$1
Euro/AS$1 1,0427 1,1118 Euro/US$1
Dolar Australia/AS$1 0,6238 0,6854 Australian Dollar/US$1
Dolar Singapura/AS$1 0,7375 0,7597 Singapore Dollar/US$1
Poundsterling Britania Raya/AS$1 1,2581 1,2818 Great Britain Poundsterling/US$1
Thailand Baht/AS$1 0,0295 0,0293 Thailand Baht/US$1
Vietnam Dong/AS$1 0,000039 0,000041 Vietnam Dong/US$1
f. Transaksi-transaksi dengan Pihak-Pihak f. Transactions with Related Parties
Berelasi
Grup mempunyai transaksi dengan pihak The Group has transactions with related
berelasi sebagaimana didefinisikan pada parties as defined in PSAK 224.
PSAK 224.
Transaksi ini dilakukan berdasarkan The transactions are made based on terms
persyaratan yang disetujui oleh kedua belah agreed by the parties. Such terms may not be
pihak. Beberapa persyaratan tersebut mungkin the same as those of the transactions between
tidak sama dengan persyaratan yang unrelated parties.
dilakukan dengan pihak-pihak yang tidak
berelasi.
Seluruh transaksi dan saldo dengan pihak- All significant transaction and balances with
pihak berelasi yang signifikan diungkapkan related parties are disclosed in the notes to the
dalam catatan atas laporan keuangan consolidated financial statements.
konsolidasian.
g. Setara Kas dan Kas di Bank dan Deposito g. Cash Equivalents and Restricted Cash in
Berjangka yang Dibatasi Penggunaannya Banks and Time Deposits
Deposito berjangka dan investasi jangka Time deposits and other short-term
pendek lainnya dengan jangka waktu tiga investments with a maturity date of three
bulan atau kurang sejak tanggal penempatan months or less at the time of placement which
yang tidak digunakan sebagai jaminan atau are not used as collateral or are not restricted
dibatasi penggunaannya, diklasifikasikan as to use, are classified as “Cash Equivalents”.
sebagai “Setara Kas”.
192 PT Medco Energi Internasional Tbk 2024 Annual Report
31
Page 195
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
g. Setara Kas dan Kas di Bank dan Deposito g. Cash Equivalents and Restricted Cash in
Berjangka yang Dibatasi Penggunaannya Banks and Time Deposits (continued)
(lanjutan)
Deposito dan rekening bank yang dibatasi Restricted time deposits and cash in banks
penggunaannya yang akan digunakan untuk which will be used to pay obligations due
membayar utang yang jatuh tempo dalam satu within one year are presented under current
tahun disajikan sebagai aset lancar. Rekening assets. Other current accounts and time
bank lainnya dan deposito berjangka yang deposits which are pledged or restricted as to
dipakai sebagai agunan atau dibatasi use are presented under non-current assets.
penggunaannya disajikan sebagai aset tidak
lancar.
h. Persediaan h. Inventories
Persediaan minyak mentah, suku cadang dan Inventories of crude oil, spare parts and
perlengkapan untuk operasi dinyatakan supplies used for operations are stated at cost
sebesar biaya perolehan atau nilai realisasi or net realizable value, whichever is lower.
neto, mana yang lebih rendah. Biaya Cost is determined using the weighted
perolehan ditentukan dengan menggunakan average method or the average method. Net
metode rata-rata tertimbang atau metode rata- realizable value is a reasonable selling price in
rata. Nilai realisasi neto adalah estimasi harga normal process less the estimated costs of
jual yang wajar di dalam proses usaha normal completion and estimated costs necessary to
setelah dikurangi dengan estimasi biaya untuk make the sale. Allowance for decline in value
menyelesaikan dan estimasi biaya and obsolescence of inventories is provided
penjualannya yang diperlukan. Cadangan based on a review of the individual inventory
untuk penurunan nilai keusangan persediaan items at the end of the year.
ditentukan berdasarkan penelaahan terhadap
keadaan masing-masing persediaan pada
akhir tahun.
i. Aset Tetap i. Property, Plant and Equipment
Aset tetap, kecuali tanah, dinyatakan sebesar Property, plant and equipment, except land,
biaya perolehan dikurangi akumulasi are stated at cost less accumulated
penyusutan dan penurunan nilai. Biaya depreciation and impairment losses. Such cost
perolehan aset tetap termasuk biaya includes the cost of replacing part of the
penggantian bagian dari aset tetap pada saat property, plant and equipment when that cost
terjadinya biaya, jika kriteria pengakuannya is incurred, if the recognition criteria are met.
terpenuhi. Demikian pula, ketika pemeriksaan Likewise, when a major inspection is
utama dilakukan, biaya pemeriksaan diakui performed, its cost is recognized in the
sebagai nilai tercatat aset sebagai carrying amount of the property, plant and
penggantian jika kriteria pengakuan terpenuhi. equipment as a replacement if the recognition
Semua biaya perbaikan dan perawatan yang criteria are satisfied. All other repairs and
tidak memenuhi kriteria pengakuan diakui maintenance costs that do not meet the
pada laporan laba rugi pada saat terjadinya. recognition criteria are recognized in profit or
loss as incurred.
32
PT Medco Energi Internasional Tbk 2024 Annual Report
193
Page 196
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Aset Tetap (lanjutan) i. Property, Plant and Equipment (continued)
Penyusutan dihitung dengan menggunakan Depreciation is computed using the straight-
metode garis lurus berdasarkan estimasi masa line method based on the estimated useful
manfaat ekonomis aset tetap sebagai berikut: lives of the property, plant and equipment as
follows:
Tahun/
Years
Bangunan dan prasarana 20 Buildings and improvement
Mesin 8 - 25 Machinery
Peralatan dan perlengkapan pengeboran 8 - 16 Drilling rigs and equipment
Kendaraan bermotor 4 - 10 Vehicles
Leasehold improvements 3-8 Leasehold improvements
Peralatan kantor dan lainnya 3-5 Office and other equipment
Peralatan 4 Tools
Tanah dinyatakan berdasarkan biaya Land is stated at cost and is not depreciated.
perolehan dan tidak disusutkan.
Biaya pengurusan legal hak atas tanah dalam The legal cost of land rights in the form of
bentuk Hak Guna Bangunan (“HGB”) yang Building Usage Rights (“HGB”) incurred when
dikeluarkan ketika tanah diperoleh pertama the land was acquired initially is recognized as
kali diakui sebagai bagian dari biaya perolehan part of the cost of the land under “Property,
tanah pada akun “Aset Tetap” dan tidak Plant and Equipment” account and not
diamortisasi. Sementara biaya pengurusan amortized. Meanwhile the extension or the
perpanjangan atau pembaruan legal hak atas legal renewal costs of land rights are
tanah diakui sebagai aset tak berwujud dan recognized as intangible assets and amortized
diamortisasi sepanjang umur hukum hak atau over the shorter of the rights’ legal life or land’s
umur ekonomis tanah, mana yang lebih economic life.
pendek.
Aset tetap dihentikan pengakuannya dari An item of property, plant and equipment is
laporan posisi keuangan konsolidasian pada derecognized from the consolidated
saat penjualan atau saat tidak ada manfaat statements of financial position upon disposal
masa depan dari penggunaan atau penjualan or when no future economic benefits are
aset tersebut. Segala keuntungan dan expected from its use or disposal. Any gain or
kerugian yang timbul dari penghentian loss arising on derecognition of the asset
pengakuan aset (dihitung sebagai perbedaan (calculated as the difference between the net
hasil penjualan neto dan nilai tercatat dari disposal proceeds and the carrying amount of
aset) diakui dalam laporan laba rugi pada saat the asset) is recognized in profit or loss in the
aset dihentikan pengakuannya. period the asset is derecognized.
Nilai sisa aset, estimasi umur ekonomis dan The assets’ residual values, useful lives and
metode penyusutan ditelaah dan disesuaikan method of depreciation are reviewed and
secara prospektif setiap tanggal pelaporan adjusted prospectively, if appropriate, at each
keuangan, jika memadai. financial reporting date.
Aset tetap dalam pembangunan dinyatakan Construction in progress is stated at cost. The
sebesar biaya perolehan. Akumulasi biaya accumulated costs are reclassified to the
perolehan direklasifikasi ke akun aset tetap appropriate property, plant and equipment
yang bersangkutan pada saat pembangunan account when the construction is substantially
selesai dan aset tersebut telah siap untuk completed and the asset is ready for its
digunakan. intended use.
194 PT Medco Energi Internasional Tbk 2024 Annual Report
33
Page 197
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Investasi pada Entitas Asosiasi dan j. Investment in Associates and Joint
Ventura Bersama Ventures
Entitas asosiasi adalah entitas yang An associate is an entity over which the Group
terhadapnya Grup memiliki pengaruh has significant influence. Significant influence
signifikan. Pengaruh signifikan adalah is the power to participate in the financial and
kekuasaan untuk berpartisipasi dalam policy decisions of the investee, but is not
keputusan kebijakan keuangan dan control or joint control over those policies.
operasional investee, tetapi tidak
mengendalikan atau mengendalikan bersama
atas kebijakan tersebut.
Ventura bersama adalah salah satu tipe A joint venture is a type of joint arrangement
pengaturan bersama yang mengatur bahwa whereby the parties that have joint control of
para pihak yang memiliki pengendalian the arrangement have rights to the net assets
bersama atas pengaturan memiliki hak atas of the joint venture. Joint control is the
aset neto ventura bersama. Pengendalian contractually agreed sharing of control of an
bersama adalah persetujuan kontraktual untuk arrangement, which exists only when
berbagi pengendalian atas suatu pengaturan, decisions about the relevant activities require
yang ada hanya ketika keputusan mengenai the unanimous consent of the parties sharing
aktivitas relevan mensyaratkan persetujuan control.
dengan suara bulat dari seluruh pihak yang
berbagi pengendalian.
Pertimbangan yang dibuat dalam menentukan The considerations made in determining
pengaruh signifikan adalah serupa dengan significant influence are similar to those
hal-hal yang diperlukan dalam menentukan necessary to determine control over
kendali atas entitas anak. subsidiaries.
Sesuai dengan metode ekuitas, investasi pada Under the equity method, the investment in an
entitas asosiasi dan ventura bersama diakui associate and joint venture is initially
pada awalnya sebesar biaya perolehan. Nilai recognized at cost. The carrying amount of the
tercatat investasi tersebut selanjutnya investment is adjusted to recognize changes in
disesuaikan untuk mengakui perubahan pasca the Group’s share of net assets of the
perolehan dalam bagian Grup atas aset neto associate and joint venture since the
dari entitas asosiasi dan ventura bersama acquisition date. Goodwill relating to the
tersebut sejak tanggal akuisisi. Goodwill associate and joint venture is included in the
sehubungan dengan entitas asosiasi diakui carrying amount of the investment and is
dalam nilai tercatat investasi dan tidak neither amortized nor individually tested for
diamortisasi maupun dilakukan pengujian impairment.
penurunan nilai secara individual.
34
PT Medco Energi Internasional Tbk 2024 Annual Report
195
Page 198
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Investasi pada Entitas Asosiasi dan j. Investment in Associates and Joint
Ventura Bersama (lanjutan) Ventures (continued)
Laporan laba rugi dan penghasilan The consolidated statements of profit or loss
komprehensif lain konsolidasian and other comprehensive income reflects the
mencerminkan bagian Grup atas hasil operasi Group’s share of the results of operations of
dari entitas asosiasi dan ventura bersama. Bila the associates and joint venture. Any change
terdapat perubahan dalam pendapatan in other comprehensive income (OCI) of those
komprehensif lainnya pada entitas asosiasi investees is presented as part of the Group’s
dan ventura bersama, disajikan sebagai OCI. In addition, when there has been a
pendapatan komprehensif lainnya Grup. Bila change recognized directly in the equity of the
terdapat perubahan yang diakui langsung associate, the Group recognizes its share of
pada ekuitas dari entitas asosiasi, Grup any changes, when applicable, in the
mengakui bagiannya atas perubahan tersebut consolidated statements of changes in equity.
dan mengungkapkan hal ini, jika dapat Unrealized gains and losses resulting from
diterapkan, dalam laporan perubahan ekuitas transactions between the Group and the
konsolidasian. Laba atau rugi yang belum associate and joint venture are eliminated to
direalisasi sebagai hasil dari transaksi antara the extent of the interest in the associate and
Grup dengan entitas asosiasi dan ventura joint venture.
bersama dieliminasi sesuai dengan jumlah
kepentingan Grup dalam entitas asosiasi dan
ventura bersama.
Gabungan bagian Grup atas laba rugi entitas The aggregate of the Group’s share of profit or
asosiasi disajikan pada muka laporan laba rugi loss of an associate is shown on the face of
dan penghasilan komprehensif lain the consolidated statement of profit or loss and
konsolidasian (sebagai laba atau rugi) di luar other comprehensive income (as profit or loss)
laba usaha dan mencerminkan laba atau rugi outside operating profit and represents profit or
setelah pajak dan kepentingan nonpengendali loss after tax and NCI in the subsidiaries of the
pada entitas anak dari entitas asosiasi. associate.
Laporan keuangan entitas asosiasi dan The financial statements of the associate and
ventura bersama disusun untuk periode joint venture are prepared for the same
pelaporan yang sama dengan Grup. Jika reporting period as the Group. When
diperlukan, penyesuaian dilakukan untuk necessary, adjustments are made to bring
menyeragamkan dengan kebijakan akuntansi their accounting policy in line with those of the
Grup. Group.
Setelah penerapan metode ekuitas, Grup After application of the equity method, the
menentukan apakah diperlukan untuk Group determines whether it is necessary to
mengakui rugi penurunan nilai atas investasi recognize an impairment loss on its investment
dalam entitas asosiasi dan ventura bersama. in its associate and joint venture.
Grup menentukan pada setiap tanggal At its reporting date, the Group determines
pelaporan apakah terdapat bukti yang objektif whether there is objective evidence that the
yang mengindikasikan bahwa investasi dalam investment in the associate is impaired. If
entitas asosiasi mengalami penurunan nilai. there is such evidence, the Group calculates
Dalam hal terdapat bukti yang objektif, Grup the amount of impairment as the difference
menghitung jumlah penurunan nilai between the recoverable amount of the
berdasarkan selisih antara jumlah terpulihkan associate and joint venture and its carrying
atas investasi dalam entitas asosiasi dan value, and then recognizes the loss as “Share
ventura bersama dan nilai tercatatnya dan of net income (loss) of associates and joint
mengakui kerugian tersebut sebagai “Bagian venture” in the statement of profit or loss.
laba (rugi) dari entitas asosiasi dan ventura
bersama” di dalam laporan laba rugi.
196 PT Medco Energi Internasional Tbk 2024 Annual Report
35
Page 199
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Investasi pada Entitas Asosiasi dan j. Investment in Associates and Joint
Ventura Bersama (lanjutan) Ventures (continued)
Pada saat kehilangan pengaruh signifikan Upon loss of significant influence over the
terhadap entitas asosiasi dan ventura associate and joint venture, the Group
bersama, Grup mengukur dan menilai measures and recognizes any retained
investasi yang tersisa pada nilai wajarnya. investment at its fair value. Any difference
Selisih yang timbul atas nilai tercatat dengan between the carrying amount of the associate
nilai wajarnya pada saat kehilangan pengaruh upon loss of significant influence or joint
signifikan dan hasil yang diterima pada saat control and the fair value of the retained
pelepasan diakui dalam laporan laba rugi. investment and proceeds from disposal is
recognized in statement of profit or loss.
k. Sewa k. Leases
Grup menilai pada awal kontrak apakah suatu The Group assesses at contract inception
kontrak adalah, atau mengandung, sewa. whether a contract is, or contains, a lease.
Artinya, jika kontrak memberikan hak untuk That is, if the contract conveys the right to
mengendalikan penggunaan aset control the use of an identified asset for a
teridentifikasi untuk suatu periode waktu period of time in exchange for consideration.
sebagai pertukaran untuk imbalan.
Grup sebagai Penyewa The Group as Lessee
Grup menerapkan pendekatan pengakuan dan The Group applies a single recognition and
pengukuran tunggal untuk seluruh sewa, measurement approach for all leases, except
kecuali untuk sewa jangka pendek dan sewa for short-term leases and leases of low-value
aset bernilai rendah. Grup mengakui liabilitas assets. The Group recognizes lease liabilities
sewa untuk melakukan pembayaran sewa dan to make lease payments and right-of-use
aset hak-guna yang memberikan hak untuk assets representing the right to use the
menggunakan aset pendasarnya. underlying assets.
Aset hak-guna Right-of-use assets
Grup mengakui aset hak-guna pada tanggal The Group recognizes right-of-use assets at
permulaan sewa (yaitu, pada tanggal aset the commencement date of the lease (i.e., the
pendasar tersedia untuk digunakan). Aset hak- date the underlying asset is available for use).
guna diukur pada biaya perolehan dikurangi Right-of-use assets are measured at cost, less
akumulasi penyusutan dan rugi penurunan any accumulated depreciation and impairment
nilai, dan disesuaikan untuk setiap pengukuran losses, and adjusted for any remeasurement
kembali liabilitas sewa. Biaya perolehan aset of lease liabilities. The cost of right-of-use
hak-guna meliputi jumlah liabilitas sewa yang assets includes the amount of lease liabilities
diakui, biaya langsung awal yang dikeluarkan, recognized, initial direct costs incurred, and
dan pembayaran sewa yang dilakukan pada lease payments made at or before the
atau sebelum tanggal permulaan, dikurangi commencement date less any lease incentives
dengan insentif sewa yang diterima. received.
36
PT Medco Energi Internasional Tbk 2024 Annual Report
197
Page 200
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
k. Sewa (lanjutan) k. Leases (continued)
Grup sebagai Penyewa (lanjutan) The Group as Lessee (continued)
Aset hak-guna (lanjutan) Right-of-use assets (continued)
Aset hak-guna didepresiasi dengan metode Right-of-use assets are depreciated on a
garis lurus selama jangka waktu yang lebih straight-line basis over the shorter of the lease
pendek antara masa sewa dan estimasi umur term and the estimated useful lives of the
manfaat aset, sebagai berikut: assets, as follows:
Tahun/
Years
Peralatan 1-6 Equipment
Bangunan dan prasarana 1 - 13 Building and land improvement
Mesin 1-6 Machinery
Kendaraan 1-5 Vehicles
Jika kepemilikan aset sewa beralih kepada If ownership of the leased asset transfers to
Grup pada akhir masa sewa atau biaya the Group at the end of the lease term or the
perolehan merefleksikan penyewa akan cost reflects the exercise of a purchase option,
mengeksekusi opsi beli, depresiasi dihitung depreciation is calculated using the estimated
dengan mengunakan estimasi umur manfaat useful life of the asset. The right-of-use assets
aset. Aset hak-guna juga diuji penurunan are also subject to impairment in accordance
nilainya sesuai dengan PSAK 236 “Penurunan with PSAK 236 “Impairment of Assets”.
Nilai Aset”.
Liabilitas sewa Lease liabilities
Pada tanggal dimulainya sewa, Grup At the commencement date of the lease, the
mengakui liabilitas sewa yang diukur pada Group recognizes lease liabilities measured at
nilai kini pembayaran sewa yang harus the present value of lease payments to be
dilakukan selama masa sewa. Pembayaran made over the lease term. The lease
sewa mencakup pembayaran tetap (termasuk payments include fixed payments (including
pembayaran tetap secara substansi) dikurangi in-substance fixed payments) less any lease
piutang insentif sewa, pembayaran sewa incentives receivable, variable lease payments
variabel yang bergantung pada indeks atau that depend on an index or a rate, and
tarif, dan jumlah yang diharapkan akan amounts expected to be paid under
dibayar dibawah jaminan nilai sisa. guaranteed residual value. The lease
Pembayaran sewa juga mencakup harga payments also include the exercise price of a
pelaksanaan dari opsi pembelian yang secara purchase option reasonably certain to be
wajar pasti akan dilaksanakan oleh Grup dan exercised by the Group and payments of
pembayaran denda untuk penghentian sewa, penalties for terminating the lease, if the lease
jika masa sewa mencerminkan Grup term reflects the Group exercising the option
melaksanakan opsi untuk mengakhiri. to terminate. Variable lease payments that do
Pembayaran sewa variabel yang tidak not depend on an index or a rate are
bergantung pada indeks atau tarif diakui recognized as expenses (unless they are
sebagai beban (kecuali terjadi untuk incurred to produce inventories) in the period
menghasilkan persediaan) pada periode in which the event or condition that triggers
dimana peristiwa atau kondisi yang memicu the payment occurs.
terjadinya pembayaran.
198 PT Medco Energi Internasional Tbk 2024 Annual Report
37
Page 201
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
k. Sewa (lanjutan) k. Leases (continued)
Grup sebagai Penyewa (lanjutan) The Group as Lessee (continued)
Liabilitas sewa (lanjutan) Lease liabilities (continued)
Dalam menghitung nilai kini pembayaran In calculating the present value of lease
sewa, Grup menggunakan suku bunga payments, the Group uses its incremental
pinjaman inkremental pada tanggal dimulainya borrowing rate at the lease commencement
sewa karena tingkat bunga implisit dalam date because the interest rate implicit in the
sewa tidak dapat segera ditentukan. Setelah lease is not readily determinable. After the
tanggal permulaan, jumlah liabilitas sewa commencement date, the amount of lease
ditingkatkan untuk mencerminkan liabilities is increased to reflect the accretion of
penambahan bunga dan dikurangi untuk interest and reduced for the lease payments
pembayaran sewa yang dilakukan. Selain itu, made. In addition, the carrying amount of
nilai tercatat liabilitas sewa diukur kembali jika lease liabilities is remeasured if there is a
ada modifikasi, perubahan jangka waktu sewa, modification, a change in the lease term, a
perubahan pembayaran sewa (misalnya, change in the lease payments (e.g., changes
perubahan pembayaran masa depan akibat to future payments resulting from a change in
perubahan indeks atau kurs yang digunakan an index or rate used to determine such lease
untuk pembayaran sewa) atau perubahan payments) or a change in the assessment of
penilaian opsi untuk membeli aset yang an option to purchase the underlying asset.
mendasarinya.
Sewa jangka-pendek dan sewa aset bernilai- Short-term leases and leases of low-value
rendah assets.
Grup memilih untuk tidak mengakui aset hak- The Group has elected not to recognize right-
guna dan liabilitas sewa untuk sewa jangka- of-use assets and lease liabilities for short-
pendek yang memiliki masa sewa 12 bulan term leases that have a lease term of 12
atau kurang dan sewa atas aset bernilai- months or less and leases of low-value assets.
rendah. Grup mengakui pembayaran sewa The Group recognizes the lease payments
terkait dengan sewa ini sebagai beban dengan associated with these leases as expense on a
dasar garis lurus selama masa sewa. straight-line basis over the lease term.
Sewa pada operasi bersama Lease in joint operations
Pada saat Grup, dalam kapasitasnya sebagai When the Group, in its capacity as operator,
operator, menandatangani perjanjian sewa has entered into a lease contract on behalf of
atas nama mitra operasi bersama, liabilitas a joint operation partner, as lease liability is
sewa diakui pada jumlah di mana Grup recognized to the extent that the Group has
memiliki tanggung jawab utama atas liabilitas primary responsibility for the lease liability. A
sewa. Piutang sewa pembiayaan diakui jika finance sub-lease is recognized if the related
aset hak guna terkait tersebut disubsewa right-of-use assets is subleased to the joint
kepada mitra operasi bersama. Ini terutama operation partner. This is usually the case
pada saat mitra operasi bersama memiliki hak when the joint operation partner has the right
untuk mengendalikan penggunaan aset to direct the use of the assets. Judgement is
tersebut. Pertimbangan dibutuhkan untuk required to determine the entity rights and
menentukan hak dan kewajiban entitas atas obligations for lease contracts within joint
kontrak sewa dengan operasi bersama. Hal ini operations. This includes the evaluation of
termasuk evaluasi atas apakah perjanjian whether the lease arrangement contains a
sewa dalam operasi bersama tersebut sublease within the joint operation.
mengandung subsewa.
38
PT Medco Energi Internasional Tbk 2024 Annual Report
199
Page 202
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
k. Sewa (lanjutan) k. Leases (continued)
Grup sebagai Pesewa The Group as Lessor
Metode untuk mengalokasikan penerimaan The method for allocating gross earnings to
kotor ke periode akuntansi disebut sebagai accounting periods is referred to as the
“metode aktuarial”. Metode aktuarial “actuarial method”. The actuarial method
mengalokasikan sewa antara pendapatan allocates rentals between finance income and
keuangan dan pembayaran kembali dari repayment of capital in each accounting period
modal di setiap periode akuntansi di mana in such a way that finance income will emerge
pendapatan keuangan akan muncul sebagai as a constant rate of return on the lessors net
tingkat imbal balik tetap pada investasi bersih investment in the lease.
penyewa di dalam suatu sewa.
Pendapatan dari penyerahan tenaga listrik Revenue from delivery of electric power to the
kepada pelanggan sejauh komponen investasi customer to the extent of the investment
dari transaksi pendapatan diperhitungkan component of the revenue transaction is
sebagai transaksi sewa pembiayaan dimana accounted for as finance lease transaction
Grup adalah pesewa. whereby the Group are the lessors.
l. Aset Konsesi l. Concession Financial Assets
Karena Kontrak Pengendalian Bersama Since the Joint Operation Contract (“JOC”)
(“KPB”) dan Kontrak Penjualan Energi (“KPE”) and Energy Sales Contract (“ESC”) have
mempunyai ciri umum perjanjian jasa dan common features of a concession
infrastruktur yang timbul dari kontrak tersebut arrangement and the infrastructure arising
dikendalikan oleh pemberi konsesi, kontrak from those contracts is controlled by the
tersebut dianggap sebagai perjanjian konsesi grantor, those contracts are considered
jasa. KPE memberikan jaminan ambil atau service concession arrangements. The ESC
bayar yang berarti bahwa operator memiliki provides take or pay guarantees which means
hak tak bersyarat untuk menerima kas atau the operator has an unconditional right to
aset keuangan lainnya dari pemberi konsesi. receive cash or another financial asset from
Oleh karena itu, Grup Kontraktor the grantor. As such, the Joint Operation
Pengendalian Bersama (“GKPB”) menerapkan Contractor Group (“JOCG”) applies the
model aset keuangan untuk perjanjian konsesi financial asset model for its service concession
jasanya. arrangement.
m. Aset Minyak dan Gas Bumi m. Oil and Gas Properties
Aset minyak dan gas bumi disajikan sebagai Oil and gas properties are stated at cost, less
biaya perolehan, dikurangi akumulasi deplesi/ accumulated depletion/depreciation and
depresiasi dan akumulasi kerugian penurunan accumulated impairment losses.
nilai.
Biaya awal aset terdiri dari harga beli atau The initial cost of an asset comprises its
biaya konstruksi (jika sebelumnya aset purchase price or construction cost (if the
diklasifikasikan sebagai aset dalam asset was previously classified as assets in
pengembangan), biaya-biaya yang terkait development), any costs directly attributable to
untuk mengoperasikan aset, estimasi awal bringing the asset into operation, the initial
kewajiban penghentian aset dan, untuk aset estimate of the decommissioning obligation
yang memenuhi (yang relevan), biaya and, for qualifying assets (where relevant),
pinjaman. Harga beli atau biaya konstruksi borrowing costs. The purchase price or
adalah jumlah keseluruhan yang dibayarkan construction cost is the aggregate amount paid
dan nilai wajar atau pertimbangan lain and the fair value of any other consideration
terhadap aset yang diperoleh. given to acquire the asset.
200 PT Medco Energi Internasional Tbk 2024 Annual Report
39
Page 203
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
m. Aset Minyak dan Gas Bumi (lanjutan) m. Oil and Gas Properties (continued)
Biaya pengeboran sumur pengembangan dan The costs of drilling of development wells and
sumur tes stratigrafi tahap pengembangan, development-type stratigraphic test wells,
platform, perlengkapan sumur dan fasilitas platforms, well equipment and related
produksi terkait, dikapitalisasi sebagai aset production facilities, are capitalized as
sumur, perlengkapan dan fasilitas dalam uncompleted wells, equipment and facilities.
pengerjaan. Biaya tersebut dipindahkan ke Such costs are transferred to wells and related
aset sumur, perlengkapan dan fasilitas terkait equipment and facilities upon completion.
pada saat pengeboran atau konstruksi selesai.
Penyusutan, deplesi dan amortisasi atas aset Depreciation, depletion and amortization of oil
minyak dan gas bumi, kecuali untuk aset and gas properties, except uncompleted wells,
sumur, perlengkapan dan fasilitas dalam equipment and facilities, are calculated based
pengerjaan, dihitung dengan menggunakan on the unit-of-production method, using the
metode satuan unit produksi, dengan gross production divided by gross proved and
menggunakan produksi kotor yang dibagi developed reserves for wells and divided by
dengan cadangan kotor yang terbukti dan gross proved and developed and gross proved
telah dikembangkan untuk aset sumur dan and undeveloped reserves for facilities.
dibagi dengan cadangan kotor yang terbukti Depreciation for support asset facilities and
dan telah dikembangkan dan terbukti dan equipment is calculated using straight-line
belum dikembangkan untuk aset fasilitas. method over 4 to 20 years.
Penyusutan atas fasilitas pendukung dan
peralatan dihitung dengan menggunakan
metode garis lurus selama 4 sampai dengan
20 tahun.
Entitas anak yang bergerak di bidang The subsidiaries engaged in exploration and
eksplorasi dan produksi minyak dan gas bumi production of oil and gas have no legal
tidak mempunyai kepemilikan secara hukum ownership in the producing assets and oil and
atas aset produksi maupun atas cadangan gas reserves, but rather have the right to
minyak dan gas bumi, tetapi mempunyai hak operate the assets and receive a share of
untuk mengoperasikan aset tersebut dan production and/or revenues from the sale of oil
menerima bagian dari produksi dan/atau and gas in accordance with the respective
pendapatan dari penjualan minyak dan gas contracts.
bumi sesuai dengan kontrak yang berlaku.
n. Aset Eksplorasi dan Evaluasi n. Exploration and Evaluation Assets
Beban eksplorasi dan evaluasi termasuk biaya Exploration and evaluation expenditures
geologi dan geofisika, biaya pengeboran including geological and geophysical costs,
sumur eksplorasi termasuk biaya pengeboran costs of drilling exploratory wells, including the
sumur tes stratigrafi tahap eksplorasi, dan costs of drilling exploratory-type stratigraphic
biaya lainnya yang terkait untuk mengevaluasi test wells, and other costs in relation to
kelayakan teknis dan komersialitas dari evaluating the technical feasibility and
minyak dan gas yang diekstraksi dikapitalisasi commercial viability of extracting oil and gas
dan disajikan terpisah sebagai Aset Eksplorasi are capitalized and presented separately as
dan Evaluasi di laporan posisi keuangan Exploration and Evaluation Assets in the
konsolidasian. consolidated statements of financial position.
Jika tidak ditemukan potensi cadangan yang If no potentially commercial hydrocarbons are
secara ekonomis dapat diperoleh, aset discovered, the exploration asset is written off
eksplorasi dan evaluasi dihapus melalui laba through profit or loss as a dry hole. If
rugi sebagai sumur kering. Jika cadangan extractable hydrocarbons are found and
terbukti ditemukan dan layak dikembangkan subject to further appraisal activity, it is
tergantung pada aktivitas penilaian lebih lanjut, probable that they can be commercially
pengeluaran disajikan sebagai aset eksplorasi developed, the costs continue to be carried as
dan evaluasi pada saat kegiatan mengevaluasi an exploration and evaluation asset while
kelayakan tersebut sedang berlangsung. progress is made in assessing the
commerciality of the hydrocarbons.
40
PT Medco Energi Internasional Tbk 2024 Annual Report
201
Page 204
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Aset Eksplorasi dan Evaluasi (lanjutan) n. Exploration and Evaluation Assets
(continued)
Pemulihan aset eksplorasi dan evaluasi The recoverability of exploration and
tergantung pada keberhasilan pengembangan evaluation assets depends on the successful
dan eksploitasi komersial daerah development and commercial exploitation in
pengembangan (area of interest) tersebut. such area (area of interest). Exploration and
Aset eksplorasi dan evaluasi diuji untuk evaluation assets are tested for impairment if
penurunan nilai bila fakta dan kondisi certain facts and circumstances indicate that
mengindikasikan bahwa jumlah tercatatnya the carrying amount of the assets may exceed
mungkin melebihi jumlah terpulihkannya. the recoverable value. In such conditions, the
Dalam keadaan tersebut, maka entitas harus entity must measure, present and disclose the
mengukur, menyajikan dan mengungkapkan impairment loss as required under PSAK 236.
rugi penurunan nilai terkait sesuai dengan
PSAK 236.
Aset eksplorasi dan evaluasi ditransfer ke The exploration and evaluation assets are
“Aset minyak dan gas bumi” pada akun “Aset transferred to “Oil and gas properties” in the
minyak dan gas bumi” setelah ditetapkan “Oil and gas properties” account after the well
bahwa sumur memiliki nilai ekonomis untuk area is determined to have commercial
dikembangkan. reserves for further development.
o. Saham Treasuri o. Treasury Stock
Perolehan kembali modal saham sebagai Reacquisition of capital stock to be held as
saham treasuri yang akan diterbitkan kembali treasury stock for future reissuance is
di masa yang akan datang dicatat dengan recorded by using par value method. Under
menggunakan metode nilai nominal. this method, the par value of treasury stock is
Berdasarkan metode ini, nilai nominal saham presented as a reduction from the capital stock
treasuri disajikan sebagai pengurang akun account. If the treasury stock had been
modal saham. Apabila saham treasuri tersebut originally issued at a price above par value,
semula diterbitkan dengan harga di atas nilai the related additional paid-in capital account is
nominal, akun tambahan modal disetor terkait adjusted. Any excess of the reacquisition cost
akan disesuaikan. Selisih lebih harga over the original issuance price is adjusted to
perolehan kembali atas harga penerbitan awal retained earnings.
disesuaikan ke saldo laba.
p. Biaya Emisi Efek Ekuitas p. Stock Issuance Cost
Biaya emisi efek ekuitas disajikan sebagai Stock issuance costs are presented as
pengurang “Tambahan Modal Disetor” sebagai deduction from “Additional Paid-in Capital” in
bagian dari ekuitas pada laporan posisi the equity section in the consolidated
keuangan konsolidasian. statements of financial position.
q. Program Pensiun dan Imbalan Kerja q. Pension and Other Employment Benefits
Lainnya
Grup menyelenggarakan program pensiun dan The Group provided the following pension and
imbalan kerja lainnya berikut untuk karyawan other employment benefits for permanent
tetap dan/atau karyawan tertentu: employees and/or specific employees:
• Program pensiun iuran pasti pada • Defined contribution pension plan for
Perusahaan dan entitas anak yang employees of the Company and its
bergerak di bidang minyak dan gas bumi; subsidiaries in oil and gas operations;
• Program pensiun imbalan pasti pada • Defined benefit pension plan for employees
entitas anak yang bergerak di bidang of subsidiaries in oil and gas operations;
minyak dan gas bumi;
202 PT Medco Energi Internasional Tbk 2024 Annual Report
41
Page 205
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Program Pensiun dan Imbalan Kerja q. Pension and Other Employment Benefits
Lainnya (lanjutan) (continued)
• Imbalan pasca-kerja sesuai dengan • Post-employment benefits in accordance
Undang-Undang Tenaga Kerja; dan with the requirements of Labor Law; and
• Penghargaan Jubilee setelah beberapa • Jubilee awards upon completion of a
tahun masa kerja. certain number of years of services.
Grup juga menyediakan imbalan pasca-kerja In addition, the Group also provided the post-
untuk personil manajemen utama sesuai employment benefits for its key management
dengan kebijakan Grup. personnel in accordance with the Group policy.
Program Imbalan Pasti Defined Benefit Program
Beban atas pemberian imbalan dalam The cost of providing benefits under the
program imbalan manfaat pasti ditentukan defined benefits plan is determined using the
dengan metode Projected Unit Credit dengan Projected Unit Credit method with actuarial
penilaian aktuaria yang dilakukan pada setiap valuations being carried out at the end of each
akhir periode pelaporan tahunan. annual reporting period.
Grup mengakui perubahan atas liabilitas The Group recognizes the following changes
imbalan pasti neto berikut pada biaya produksi in the net defined benefit obligation under
dan lifting dan beban penjualan, umum dan production and lifting cost and selling, general
administrasi pada laporan laba rugi dan and administrative expenses in the
penghasilan komprehensif lain konsolidasian: consolidated statements of profit or loss and
other comprehensive income:
• Biaya jasa yang terdiri dari biaya jasa kini, • Service costs comprise current service
biaya jasa lalu dan keuntungan dan costs, past-service costs and gains and
kerugian atas kurtailmen. losses on curtailments.
• Beban atau pendapatan bunga neto. • Net interest expense or income.
Kurtailmen terjadi apabila Grup mengurangi A curtailment occurs when the Group either
secara signifikan jumlah pekerja yang significantly reduce the number of employees
ditanggung oleh program, terminasi atau covered by a plan, termination or suspension
penghentian program. of the program.
Program Pensiun Iuran Pasti Defined Contribution Program
Biaya atas program pensiun iuran pasti The costs of the defined contribution plans are
tersebut diakui pada saat terjadinya. recognized when incurred.
Imbalan Jangka Panjang Lainnya Other Long-Term Benefits
Beban imbalan jangka panjang lainnya The cost of providing other long-term
ditentukan dengan metode Projected Unit employee benefits is determined using the
Credit dengan metode yang disederhanakan di Projected Unit Credit method using simplified
mana metode ini tidak mengakui pengukuran method of not recognizing remeasurements in
kembali dalam penghasilan komprehensif lain. other comprehensive income. The net total of
Total nilai neto dari biaya jasa kini, biaya service cost, net interest on the net defined
bunga neto atas liabilitas (aset) imbalan pasti benefit liability (asset) and remeasurements of
neto dan pengukuran kembali liabilitas (aset) the net defined benefit liability (asset) is
imbalan pasti neto diakui pada laba rugi. recognized in profit or loss.
42
PT Medco Energi Internasional Tbk 2024 Annual Report
203
Page 206
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Liabilitas Pembongkaran Aset Restorasi r. Asset Abandonment and Site Restoration
Area Obligations
Grup mengakui liabilitas pembongkaran dan The Group recognizes its obligations for future
pemindahan aset, dan restorasi area atas dismantlement and transfer of assets, and site
fasilitas produksi minyak dan gas bumi, sumur, restoration of oil and gas production facilities,
pipa dan aset-aset yang terkait sesuai dengan wells, pipelines and related assets in
persyaratan dalam kontrak bagi hasil atau accordance with the provisions in the
sesuai dengan peraturan yang berlaku. production sharing contracts or in line with
applicable regulations.
Estimasi awal biaya pembongkaran dan The initial estimated costs for dismantlement
pemindahan aset minyak dan gas bumi dan and site restoration of oil and gas properties
restorasi area diakui sebagai komponen biaya are recognized as part of the acquisition costs
perolehan aset, yang kemudian disusutkan/ of the assets, and are subsequently
dideplesikan dengan menggunakan metode depreciated/depleted using the unit-of-
satuan unit produksi yang sejalan dengan tarif production method in line with the selected
deplesi aset yang dipilih. assets depletion rate.
Dalam banyak kasus, aktivitas pembongkaran In most instances, the dismantlement and
dan pemindahan aset, dan restorasi area transfer of assets, and site restoration
fasilitas produksi minyak dan gas, sumur, pipa activities of oil and gas production facilities,
saluran dan aset terkait terjadi pada beberapa wells, pipelines and related assets will occur
tahun di masa yang akan datang. Provisi atas several years in the future. The provision for
liabilitas pembongkaran dan pemindahan aset, future dismantlement and transfer of assets,
dan restorasi area di masa yang akan datang and site restoration obligations is the best
adalah berupa estimasi terbaik pada tanggal estimate of the present value of the future
pelaporan keuangan atas nilai kini dari expenditures required to undertake the
pengeluaran di masa yang akan datang untuk dismantlement and transfer of assets, and site
melaksanakan liabilitas pembongkaran dan restoration obligations at the reporting date,
pemindahan aset, dan restorasi area tersebut, based on current legal requirements.
sesuai dengan ketentuan hukum yang berlaku
pada tanggal pelaporan.
Estimasi tersebut ditelaah setiap tahun dan Such estimates are reviewed on an annual
disesuaikan bila diperlukan. Penyesuaian atas basis and adjusted each year as required.
nilai kini dari liabilitas pembongkaran dan Adjustments to the present value of the
pemindahan aset, dan restorasi area dismantlement and transfer of assets, and site
dibukukan sebagai penyesuaian atas nilai restoration obligations are recorded as
tercatat aset yang bersangkutan dengan adjustment to the carrying amount of the
jumlah yang sama. Jika penurunan liabilitas associated asset in the same amount. If a
melebihi nilai tercatat aset, maka kelebihan decrease in the liability exceeds the carrying
tersebut diakui segera dalam laba rugi. amount of the asset, the excess shall be
recognised immediately in profit or loss.
Pembalikan dari efek diskonto dalam The unwinding of the effect of discounting the
penghitungan provisi diakui sebagai beban provision is recognized as a finance cost.
pendanaan.
Pengeluaran yang terkait dengan pemulihan, The costs related to restoration, rehabilitation
rehabilitasi dan lingkungan hidup yang terjadi and living environment which occurred in the
pada tahap produksi dibebankan sebagai production phase are expensed as part of
bagian dari biaya produksi. production cost.
204 PT Medco Energi Internasional Tbk 2024 Annual Report
43
Page 207
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan s. Financial Instruments
Instrumen keuangan adalah setiap kontrak A financial instrument is any contract that
yang memberikan aset keuangan bagi satu gives rise to a financial asset of one entity and
entitas dan liabilitas keuangan atau ekuitas a financial liability or equity instrument of
bagi entitas lain. another entity.
i. Aset Keuangan i. Financial Assets
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Aset keuangan diklasifikasikan, pada Financial assets are classified, at initial
saat pengakuan awal, yang selanjutnya recognition, as subsequently measured
diukur pada biaya perolehan at amortized cost, fair value through other
diamortisasi, nilai wajar melalui comprehensive income (OCI), and fair
penghasilan komprehensif lain (OCI) dan value through profit or loss.
nilai wajar melalui laba rugi.
Klasifikasi aset keuangan pada The classification of financial assets at
pengakuan awal tergantung pada initial recognition depends on the
karakteristik arus kas kontraktual aset financial asset’s contractual cash flow
keuangan dan model bisnis Grup untuk characteristics and the Group’s business
mengelolanya. Dengan pengecualian model for managing them. With the
piutang usaha yang tidak mengandung exception of trade receivables that do not
komponen pembiayaan yang signifikan contain a significant financing component
atau yang mana Grup telah menerapkan or for which the Group has applied the
panduan praktisnya, Grup pada awalnya practical expedient, the Group initially
mengukur aset keuangan pada nilai measures a financial asset at its fair
wajarnya ditambah, dalam hal aset value plus, in the case of a financial asset
keuangan tidak diukur pada nilai wajar not at fair value through profit or loss,
melalui laba rugi, biaya transaksi. Piutang transaction costs. Trade receivables that
usaha yang tidak mengandung do not contain a significant financing
komponen pembiayaan yang signifikan component or for which the Group has
atau yang mana Grup telah menerapkan applied the practical expedient are
panduan praktis diukur pada harga measured at the transaction price
transaksi yang ditentukan berdasarkan determined under PSAK 115.
PSAK 115.
Agar aset keuangan dapat In order for a financial asset to be
diklasifikasikan dan diukur pada biaya classified and measured at amortized
perolehan diamortisasi atau nilai wajar cost or fair value through OCI, it needs to
melalui OCI, aset keuangan tersebut give rise to cash flows that are ‘solely
perlu menghasilkan arus kas yang payments of principal and interest
‘semata dari pembayaran pokok dan (“SPPI”)’ on the principal amount
bunga (“SPPI”)’ dari jumlah pokok outstanding. This assessment is referred
terutang. Penilaian ini disebut sebagai to as the SPPI test and is performed at
pengujian SPPI dan dilakukan pada an instrument level. Financial assets with
tingkat instrumen. Aset keuangan dengan cash flows that are not SPPI are
arus kas yang bukan SPPI classified and measured at fair value
diklasifikasikan dan diukur pada nilai through profit or loss, irrespective of the
wajar melalui laba rugi, terlepas dari business model.
model bisnisnya.
44
PT Medco Energi Internasional Tbk 2024 Annual Report
205
Page 208
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
(lanjutan) (continued)
Pembelian atau penjualan aset keuangan Purchases or sales of financial assets
yang mensyaratkan penyerahan aset that require delivery of assets within a
dalam kurun waktu yang ditetapkan oleh time frame established by regulation or
peraturan atau kebiasaan yang berlaku di convention in the marketplace (regular
pasar (pembelian yang lazim/regular) way trades) are recognized on the trade
diakui pada tanggal perdagangan, yaitu date, i.e., the date that the Group
tanggal Grup berkomitmen untuk commits to purchase or sell the assets.
membeli atau menjual aset tersebut.
Aset keuangan Grup diklasifikasikan The Group’s financial assets are
sebagai berikut: classified as follows:
PSAK 109
Kas dan setara kas Aset keuangan yang diukur pada biaya Cash and cash equivalents
perolehan diamortisasi/
Financial assets measured at amortized cost
Deposito dan rekening bank Aset keuangan yang diukur pada biaya Restricted time deposits and
yang dibatasi penggunaannya perolehan diamortisasi/ cash in banks
Financial assets measured at amortized cost
Piutang usaha dan lain-lain Aset keuangan yang diukur pada biaya Trade and other receivables
perolehan diamortisasi/
Financial assets measured at amortized cost
Asset keuangan konsesi Aset keuangan yang diukur pada biaya Concession financial assets
perolehan diamortisasi/
Financial assets measured at amortized cost
Uang jaminan Aset keuangan yang diukur pada biaya Security deposits
perolehan diamortisasi/
Financial assets measured at amortized cost
Investasi jangka pendek Aset keuangan yang diukur pada nilai wajar Short-term investments
melalui laba rugi/
Financial assets measured at fair value through
profit or loss
Investasi jangka panjang Aset keuangan yang diukur pada nilai wajar Long-term investments (FVTPL)
(FVTPL) melalui laba rugi/
Financial assets measured at fair value through
profit or loss
Investasi jangka panjang Aset keuangan yang diukur pada nilai wajar Long-term investments
(FVTOCI) melalui penghasilan komprehensif lain/ (FVTOCI)_
Financial assets at fair value through OCI
Aset derivatif Aset keuangan yang diukur pada nilai wajar Derivative assets
melalui laba rugi/
Financial assets measured at fair value through
profit or loss
206 PT Medco Energi Internasional Tbk 2024 Annual Report
45
Page 209
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran Setelah Pengakuan Awal Subsequent Measurement
Untuk tujuan pengukuran selanjutnya, For purposes of subsequent
aset keuangan diklasifikasikan dalam measurement, financial assets are
empat kategori: classified in four categories:
• Aset keuangan pada biaya perolehan • Financial assets at amortized cost
diamortisasi (instrumen utang); (debt instruments);
• Aset keuangan pada nilai wajar • Financial assets at fair value through
melalui OCI tanpa pendauran laba OCI with no recycling of cumulative
rugi kumulatif setelah penghentian gain or losses upon derecognition
pengakuan (instrumen ekuitas); (equity instrument);
• Aset keuangan pada nilai wajar • Financial assets at fair value through
melalui OCI dengan pendauran laba OCI with recycling of cumulative
rugi kumulatif (instrumen utang); gains and losses (debt instruments);
• Aset keuangan pada nilai wajar • Financial assets at fair value through
melalui laba rugi profit or loss
Aset keuangan pada biaya perolehan Financial assets at amortized cost
diamortisasi (instrumen utang) (debt instruments)
Aset keuangan pada biaya perolehan Financial assets at amortized cost are
diamortisasi selanjutnya diukur dengan subsequently measured using the
menggunakan metode suku bunga efektif effective interest rate (“EIR”) method and
(“SBE”) dan diuji penurunan nilainya. are subject to impairment. Gains and
Keuntungan dan kerugian diakui dalam losses are recognized in profit or loss
laba rugi pada saat aset keuangan when the financial asset is derecognized,
dihentikan pengakuannya, dimodifikasi modified or impaired.
atau mengalami penurunan nilai.
Aset keuangan yang ditetapkan pada Financial assets designated at fair
nilai wajar melalui OCI (instrumen value through OCI (equity
ekuitas) (FVTOCI) instruments) (FVTOCI)
Setelah pengakuan awal, Grup dapat Upon initial recognition, the Group can
membuat pilihan yang tidak dapat elect to classify irrevocably its equity
dibatalkan untuk mengklasifikasikan investments as equity instruments
investasi ekuitasnya sebagai instrumen designated at fair value through OCI
ekuitas yang ditetapkan pada nilai wajar when they meet the definition of equity
melalui OCI jika definisi ekuitas under PSAK 232: Financial Instruments:
berdasarkan PSAK 232: Instrumen Presentation, and are not held for trading.
Keuangan: Penyajian, dipenuhi dan tidak The classification is determined on an
dimiliki untuk diperdagangkan. Klasifikasi instrument-by-instrument basis.
ditentukan berdasarkan instrumen per
instrumen.
46
PT Medco Energi Internasional Tbk 2024 Annual Report
207
Page 210
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran Setelah Pengakuan Awal Subsequent Measurement (continued)
(lanjutan)
Aset keuangan yang ditetapkan pada Financial assets designated at fair
nilai wajar melalui OCI (instrumen value through OCI (equity
ekuitas) (FVTOCI) (lanjutan) instruments) (FVTOCI) (continued)
Keuntungan dan kerugian dari aset Gains and losses on these financial
keuangan ini tidak pernah didaur ulang assets are never recycled to profit or
ke laba rugi. Dividen diakui sebagai loss. Dividends are recognized as other
pendapatan lain-lain dalam laporan laba income in the statement of profit or loss
rugi pada saat hak pembayaran telah when the right of payment has been
ditetapkan, kecuali jika Grup established, except when the Group
mendapatkan manfaat dari hasil tersebut benefits from such proceeds as a
sebagai pemulihan sebagian biaya recovery of part of the cost of the
perolehan aset keuangan, dalam hal ini, financial asset, in which case, such gains
keuntungan tersebut akan dicatat di OCI. are recorded in OCI. Equity instruments
Instrumen ekuitas yang ditetapkan pada designated at fair value through OCI are
nilai wajar melalui OCI tidak tunduk pada not subject to impairment assessment.
evaluasi penurunan nilai.
Grup membuat pilihan yang tidak dapat The Group elected to classify irrevocably
dibatalkan untuk mengklasifikasikan its non-listed equity investments under
investasi ekuitas yang tidak this category.
diperdagangkan tertentu dalam kategori
ini.
Aset keuangan pada nilai wajar Financial assets at fair value through
melalui laba rugi (FVTPL) profit or loss (FVTPL)
Aset keuangan pada nilai wajar melalui Financial assets at fair value through
laba rugi termasuk aset keuangan yang profit or loss include financial assets held
dimiliki untuk diperdagangkan, aset for trading, financial assets designated
keuangan yang ditetapkan pada upon initial recognition at fair value
pengakuan awal pada nilai wajar melalui through profit or loss, or financial assets
laba rugi, atau aset keuangan yang wajib mandatorily required to be measured at
diukur pada nilai wajar. Aset keuangan fair value. Financial assets are classified
diklasifikasikan sebagai kelompok as held for trading if they are acquired for
diperdagangkan jika mereka diperoleh the purpose of selling or repurchasing in
untuk tujuan dijual atau dibeli kembali the near term. Derivatives, including
dalam waktu dekat. Derivatif, termasuk separated embedded derivatives, are
derivatif melekat yang dipisahkan, juga also classified as held for trading unless
diklasifikasikan sebagai dimiliki untuk they are designated as effective hedging
diperdagangkan kecuali jika ditetapkan instruments.
sebagai instrumen lindung nilai yang
efektif.
Aset keuangan yang diukur pada nilai Financial assets at fair value through
wajar melalui laba rugi dicatat dalam profit or loss are carried in the
laporan posisi keuangan konsolidasian consolidated statement of financial
pada nilai wajar dengan perubahan nilai position at fair value with net changes in
wajar neto diakui dalam laporan laba rugi fair value recognized in profit or loss.
dan penghasilan komprehensif lain
konsolidasian.
208 PT Medco Energi Internasional Tbk 2024 Annual Report
47
Page 211
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran Setelah Pengakuan Awal Subsequent Measurement (continued)
(lanjutan)
Aset keuangan pada nilai wajar Financial assets at fair value through
melalui laba rugi (FVTPL) (lanjutan) profit or loss (FVTPL) (continued)
Kategori ini mencakup investasi jangka This category includes short-term
pendek dan investasi ekuitas yang tidak investments and non-listed equity
diperdagangkan di mana Grup tidak investments which the Group had not
membuat pilihan yang tidak dapat irrevocably elected to classify at fair value
dibatalkan untuk diklasifikasikan pada through OCI. Dividends on listed equity
nilai wajar melalui OCI. Dividen atas investments are also recognized as other
investasi ekuitas Perusahaan tercatat income in the profit or loss when the right
juga diakui sebagai pendapatan lain-lain of payment has been established.
dalam laba rugi pada saat hak
pembayaran telah ditetapkan.
Derivatif yang melekat dalam kontrak A derivative embedded in a hybrid
hibrida, dengan liabilitas keuangan atau contract, with a financial liability or non-
kontrak utama nonkeuangan, dipisahkan financial host, is separated from the host
dari host dan dicatat sebagai derivatif and accounted for as a separate
terpisah jika: karakteristik dan risiko derivative if: the economic characteristics
ekonomi tidak terkait erat dengan kontrak and risks are not closely related to the
utama; instrumen terpisah dengan host; a separate instrument with the
persyaratan yang sama seperti derivatif same terms as the embedded derivative
melekat akan memenuhi definisi derivatif; would meet the definition of a derivative;
dan kontrak hibrida tidak diukur pada nilai and the hybrid contract is not measured
wajar melalui laba rugi. at fair value through profit or loss.
Derivatif melekat diukur pada nilai wajar Embedded derivatives are measured at
dengan perubahan nilai wajar diakui fair value with changes in fair value
dalam laba rugi. Penilaian ulang hanya recognized in profit or loss.
terjadi jika terdapat perubahan dalam Reassessment only occurs if there is
persyaratan kontrak yang secara either a change in the terms of the
signifikan mengubah arus kas yang contract that significantly modifies the
seharusnya diperlukan atau reklasifikasi cash flows that would otherwise be
aset keuangan keluar dari kategori nilai required or a reclassification of a financial
wajar melalui laba rugi. asset out of the fair value through profit
or loss category.
48
PT Medco Energi Internasional Tbk 2024 Annual Report
209
Page 212
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penghentian Pengakuan Derecognition
Penghentian pengakuan atas suatu aset A financial asset, or where applicable, a
keuangan, atau, bila dapat diterapkan part of a financial asset or part of a group
untuk bagian dari aset keuangan atau of similar financial assets, is
bagian dari kelompok aset keuangan derecognized when:
serupa, terjadi apabila:
i. Hak kontraktual atas arus kas yang i. The rights to receive cash flows
berasal dari aset keuangan tersebut from the asset have expired; or
berakhir; atau
ii. Grup telah mengalihkan hak untuk ii. The Group has transferred its rights
menerima arus kas yang berasal to receive cash flows from the asset
dari aset keuangan tersebut atau or has assumed an obligation to pay
menanggung kewajiban untuk the received cash flows in full
membayar arus kas yang diterima without material delay to a third
tersebut tanpa penundaan yang party under a “pass-through”
signifikan terhadap pihak ketiga arrangement, and either (a) the
melalui suatu kesepakatan Group has transferred substantially
penyerahan dan (a) Grup secara all the risk and rewards of the
substansial mengalihkan seluruh financial assets, or (b) the Group
risiko dan manfaat atas kepemilikan has neither transferred nor retained
aset keuangan tersebut, atau (b) substantially all the risk and rewards
Grup secara substansial tidak of the financial assets, but has
mengalihkan maupun tidak transferred control of the financial
mempertahankan seluruh risiko dan asset.
manfaat atas kepemilikan aset
keuangan tersebut, namun telah
mengalihkan pengendalian atas
aset keuangan tersebut.
Ketika Grup telah mengalihkan haknya When the Group has transferred its rights
untuk menerima arus kas dari aset atau to receive cash flows from an asset or
telah menandatangani perjanjian pass- has entered into a pass-through
through, Grup mengevaluasi apakah, dan arrangement, it evaluates if, and to what
sejauh mana, telah mempertahankan extent, it has retained the risks and
risiko dan manfaat kepemilikan. Ketika rewards of ownership. When it has
Grup tidak mengalihkan atau neither transferred nor retained
mempertahankan secara substansial substantially all of the risks and rewards
seluruh risiko dan manfaat dari aset, atau of the asset, nor transferred control of the
mengalihkan pengendalian atas aset, asset, the Group continues to recognize
Grup terus mengakui aset yang ditransfer the transferred asset to the extent of its
tersebut sejauh keterlibatannya secara continuing involvement. In that case, the
berkelanjutan. Dalam kasus tersebut, Group also recognize an associated
Grup juga mengakui liabilitas terkait. Aset liability. The transferred asset and the
alihan dan liabilitas terkait diukur atas associated liability are measured on a
dasar yang mencerminkan hak dan basis that reflects the rights and
kewajiban yang dimiliki Grup. obligations that the Group has retained.
210 PT Medco Energi Internasional Tbk 2024 Annual Report
49
Page 213
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penghentian Pengakuan (lanjutan) Derecognition (continued)
Keterlibatan berkelanjutan yang Continuing involvement that takes the
berbentuk pemberian jaminan atas aset form of a guarantee over the transferred
alihan diukur sebesar jumlah yang lebih asset is measured at the lower of the
rendah antara jumlah tercatat aset alihan original carrying amount of the asset and
dan jumlah maksimal imbalan yang the maximum amount of consideration
mungkin harus dibayar kembali oleh received that the Group could be required
Grup. to repay.
Penurunan Nilai Impairment
Grup mengakui penyisihan untuk The Group recognizes an allowance for
kerugian kredit ekspektasian ("ECL") expected credit losses (“ECL”) for all debt
untuk seluruh instrumen utang yang tidak instruments not held at fair value through
dimiliki pada nilai wajar melalui laba rugi. profit or loss. ECL are based on the
ECL didasarkan pada selisih antara arus difference between the contractual cash
kas kontraktual yang jatuh tempo sesuai flows due in accordance with the contract
dengan kontrak dan seluruh arus kas and all the cash flows that the Group
yang diperkirakan akan diterima Grup, expects to receive, discounted at an
didiskontokan dengan SBE awal. Arus approximation of the original EIR. The
kas ekspektasian akan mencakup arus expected cash flows will include cash
kas dari penjualan agunan yang dimiliki flows from the sale of collateral held or
atau perbaikan risiko kredit lain yang other credit enhancements that are
merupakan bagian dari persyaratan integral to the contractual terms.
kontraktual.
ECL diakui dalam dua tahap. Untuk ECLs are recognized in two stages. For
eksposur kredit yang belum ada credit exposures for which there has not
peningkatan risiko kredit yang signifikan been a significant increase in credit risk
sejak pengakuan awal, ECL dilakukan since initial recognition, ECL are provided
untuk kerugian kredit yang diakibatkan for credit losses that result from default
oleh peristiwa gagal bayar yang mungkin events that are possible within the next
terjadi dalam 12 bulan ke depan (ECL 12 12-months (a 12-month ECL). For those
bulan). Untuk eksposur kredit yang telah credit exposures for which there has
terjadi peningkatan risiko kredit yang been a significant increase in credit risk
signifikan sejak pengakuan awal, since initial recognition, a loss allowance
penyisihan kerugian dilakukan untuk is required for credit losses expected
kerugian kredit yang diperkirakan selama over the remaining life of the exposure,
sisa umur eksposur, terlepas dari waktu irrespective of the timing of the default (a
gagal bayar (ECL sepanjang umur). lifetime ECL).
Untuk piutang usaha dan aset keuangan For trade and other receivables and other
lainnya yang diukur pada biaya financial assets measured at amortized
perolehan diamortisasi, Grup costs, the Group applies a simplified
menerapkan pendekatan yang approach in calculating ECL. Therefore,
disederhanakan dalam menghitung ECL. the Group does not track changes in
Oleh karena itu, Grup tidak menelusuri credit risk, but instead recognizes a loss
perubahan dalam risiko kredit, tetapi allowance based on lifetime ECLs at
mengakui penyisihan kerugian each reporting date, adjusted for forward-
berdasarkan ECL sepanjang umur pada looking factors specific to the debtors and
setiap tanggal pelaporan, disesuaikan the economic environment.
dengan faktor-faktor perkiraan masa
depan yang spesifik bagi debitur dan
lingkungan ekonomi.
50
PT Medco Energi Internasional Tbk 2024 Annual Report
211
Page 214
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penurunan Nilai (lanjutan) Impairment (continued)
Grup menganggap aset keuangan gagal The Group considers a financial asset in
bayar ketika pembayaran kontraktual default when contractual payments are
telah lewat 90 hari. Namun, dalam kasus 90 days past due. However, in certain
tertentu, Grup juga dapat cases, the Group may also consider a
mempertimbangkan aset keuangan financial asset to be in default when
mengalami gagal bayar ketika informasi internal or external information indicates
internal atau eksternal menunjukkan that the Group is unlikely to receive the
bahwa Grup tidak mungkin menerima outstanding contractual amounts in full
jumlah kontraktual yang terutang secara before taking into account any credit
penuh sebelum memperhitungkan setiap enhancements held by the Group. A
perbaikan risiko kredit yang dimiliki oleh financial asset is written off when there is
Grup. Aset keuangan dihapuskan jika no reasonable expectation of recovering
tidak ada ekspektasi yang wajar untuk the contractual cash flows.
memulihkan arus kas kontraktual.
ii. Liabilitas Keuangan ii. Financial Liabilities
Pengakuan dan Pengukuran Awal Initial Recognition and Measurement
Liabilitas keuangan diklasifikasikan Financial liabilities are classified as
sebagai liabilitas keuangan yang diukur financial liabilities at fair value through
pada nilai wajar melalui laba rugi dan profit or loss and other financial liabilities.
liabilitas keuangan lainnya. Grup The Group determines the classification
menetapkan klasifikasi atas liabilitas of its financial liabilities at initial
keuangan pada saat pengakuan awal. recognition.
Liabilitas keuangan pada awalnya diukur Financial liabilities are recognized initially
pada nilai wajar dan, dalam hal pinjaman at fair value and, in the case of loans and
dan utang, ditambah biaya transaksi borrowings, inclusive of directly
yang dapat diatribusikan secara attributable transaction costs.
langsung.
Liabilitas keuangan Grup meliputi utang The Group’s financial liabilities include
usaha dan utang lain-lain, biaya akrual, trade and other payables, accrued
pinjaman bank jangka pendek, pinjaman expenses, short-term bank loans, long-
jangka panjang, liabilitas sewa dan term debts, lease liabilities and derivative
liabilitas derivatif. liabilities.
Pengakuan Setelah Pengukuran Awal Subsequent Measurement
Pengukuran selanjutnya dari liabilitas The measurement of financial liabilities
keuangan ditentukan oleh klasifikasinya depends on their classification as
sebagai berikut: described below:
212 PT Medco Energi Internasional Tbk 2024 Annual Report
51
Page 215
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
ii. Liabilitas Keuangan (lanjutan) ii. Financial Liabilities (continued)
Pengakuan Setelah Pengukuran Awal Subsequent Measurement (continued)
(lanjutan)
Liabilitas keuangan pada biaya perolehan Financial liabilities at amortized cost
diamortisasi (Utang dan pinjaman) (Loans and borrowings)
(i) Utang dan Pinjaman Jangka Panjang (i) Long-term Interest-bearing Loans and
yang Dikenakan Bunga Borrowings
Ini adalah kategori yang paling This is the category most relevant to
relevan dengan Grup. Setelah the Group. After initial recognition,
pengakuan awal, utang dan pinjaman long-term interest-bearing loans and
berbunga jangka panjang diukur borrowings are measured at
dengan biaya perolehan diamortisasi amortized acquisition costs using EIR
dengan menggunakan metode SBE. method. Gains and losses are
Keuntungan dan kerugian diakui recognized in the profit or loss when
dalam laba rugi pada saat liabilitas the liabilities are derecognized as well
dihentikan pengakuannya dan juga as through the EIR amortization
melalui proses amortisasi SBE. process.
Biaya perolehan diamortisasi dihitung Amortized cost is calculated by taking
dengan mempertimbangkan setiap into account any discount or premium
diskonto atau premium atas on acquisition and fee or costs that
perolehan dan komisi atau biaya yang are an integral part of the EIR. The
merupakan bagian tidak terpisahkan EIR amortization is included in
dari SBE. Amortisasi SBE dicatat finance costs in the profit or loss.
sebagai beban keuangan pada laba
rugi.
Kategori ini umumnya berlaku untuk This category generally applies to
utang dan pinjaman berbunga. Untuk interest-bearing loans and
informasi lebih lanjut, lihat Catatan borrowings. For more information,
28. refer to Note 28.
(ii) Utang dan Akrual (ii) Payables and Accruals
Liabilitas untuk utang usaha dan Liabilities for current trade and other
utang lain-lain jangka pendek dan accounts payable and accrued
biaya masih harus dibayar dinyatakan expenses are stated at carrying
sebesar jumlah tercatat (jumlah amounts (notional amounts), which
nosional), yang kurang lebih sebesar approximate their fair values.
nilai wajarnya.
Liabilitas Keuangan yang Diukur pada Financial Liabilities at Fair Value through
Nilai Wajar Melalui Laba Rugi Profit or Loss
Liabilitas keuangan yang diukur pada Financial liabilities at fair value through
nilai wajar melalui laba rugi termasuk profit or loss include financial liabilities
liabilitas keuangan yang dimiliki untuk held for trading and financial liabilities
diperdagangkan dan liabilitas keuangan designated upon initial recognition as at
yang ditetapkan pada pengakuan awal fair value through profit or loss.
sebagai nilai wajar melalui laba rugi.
52
PT Medco Energi Internasional Tbk 2024 Annual Report
213
Page 216
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
ii. Liabilitas Keuangan (lanjutan) ii. Financial Liabilities (continued)
Liabilitas Keuangan yang diukur pada Financial Liabilities at Fair Value through
Nilai Wajar Melalui Laba Rugi (lanjutan) Profit or Loss (continued)
Liabilitas keuangan diklasifikasikan Financial liabilities are classified as held
sebagai kelompok diperdagangkan jika for trading if they are incurred for the
mereka terjadi untuk tujuan pembelian purpose of repurchasing in the near term.
kembali dalam waktu dekat. Derivatif Separated embedded derivatives are
melekat yang dipisahkan juga also classified as held for trading unless
diklasifikasikan sebagai kelompok they are designated as effective hedging
diperdagangkan kecuali ditetapkan instruments.
sebagai instrumen lindung nilai yang
efektif.
Keuntungan atau kerugian atas liabilitas Gains or losses on liabilities held for
yang dimiliki untuk diperdagangkan trading are recognized in profit or loss.
diakui dalam laba rugi.
Liabilitas keuangan yang ditetapkan pada Financial liabilities designated upon initial
pengakuan awal pada nilai wajar melalui recognition at fair value through profit or
laba rugi ditetapkan pada tanggal awal loss are designated at the initial date of
pengakuan, dan hanya jika kriteria dalam recognition, and only if the criteria in
PSAK 109 terpenuhi. PSAK 109 are satisfied.
Penghentian Pengakuan Derecognition
Liabilitas keuangan dihentikan A financial liability is derecognized when
pengakuannya ketika liabilitas yang the obligation under the liability is
ditetapkan dalam kontrak dihentikan atau discharged or cancelled or has expired.
dibatalkan atau kadaluwarsa.
Ketika kewajiban keuangan yang ada When an existing financial liability is
digantikan oleh yang lain dari pemberi replaced by another from the same
pinjaman yang sama dengan persyaratan lender on substantially different terms, or
yang secara substansial berbeda, atau the terms of an existing liability are
persyaratan dari kewajiban yang ada substantially modified, such an exchange
secara substansial dimodifikasi, or modification is treated as the
pertukaran atau modifikasi tersebut derecognition of the original liability and
diperlakukan sebagai penghentian the recognition of a new liability. The
pengakuan kewajiban awal dan difference in the respective carrying
pengakuan kewajiban baru. Selisih nilai amounts is recognized in the
tercatat masing-masing diakui pada consolidated statement of profit or loss
laporan laba rugi dan penghasilan and other comprehensive income.
komprehensif lain konsolidasian.
iii. Saling Hapus Instrumen Keuangan iii. Offsetting Financial Instruments
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities
disalinghapuskan dan jumlah netonya are offset and the net amount is reported
dilaporkan pada laporan posisi keuangan in the consolidated statement of financial
konsolidasian ketika terdapat hak yang position when there is a legally
berkekuatan hukum untuk melakukan enforceable right to offset the recognized
saling hapus atas jumlah yang telah amounts and there is an intention to
diakui tersebut dan adanya niat untuk settle on a net basis, or realize the asset
menyelesaikan secara neto, atau untuk and settle the liability simultaneously.
merealisasikan aset dan menyelesaikan
liabilitas secara bersamaan.
214 PT Medco Energi Internasional Tbk 2024 Annual Report
53
Page 217
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan Derivatif dan t. Derivative Financial Instruments and Hedge
Akuntansi Lindung Nilai Accounting
Grup menggunakan instrumen keuangan The Group uses derivative financial
derivatif seperti swap tingkat suku bunga antar instruments such as cross currency interest
mata uang, kontrak forward mata uang asing, rate swaps, foreign currency forward
swap antar mata uang dan kontrak komoditas contracts, cross-currency swaps and
untuk melakukan lindung nilai atas risiko mata commodity contracts to hedge its foreign
uang asing, risiko tingkat suku bunganya dan currency risks, interest rate risks and
risiko harga komoditas. Instrumen keuangan commodity price risk. Such derivative financial
derivatif tersebut pada awalnya diakui sebesar instruments are initially recognized at fair value
nilai wajar pada tanggal kontrak derivatif on the date on which a derivative contract is
dimulai dan selanjutnya diukur kembali pada entered into and are subsequently remeasured
nilai wajar. Derivatif dicatat sebagai aset at fair value. Derivatives are carried as
keuangan saat nilai wajarnya positif dan financial assets when the fair value is positive
sebagai liabilitas keuangan saat nilai wajarnya and as financial liabilities when the fair value is
negatif. negative.
Grup menerapkan akuntansi lindung nilai atas The Group applies hedge accounting to
transaksi lindung nilai yang memenuhi kriteria hedging transactions that meet the criteria for
akuntansi lindung nilai. hedge accounting.
Untuk tujuan akuntansi lindung nilai, lindung For the purpose of hedge accounting, hedges
nilai diklasifikasikan sebagai lindung nilai atas are classified as fair value hedge, cash flow
nilai wajar, lindung nilai atas arus kas dan hedge and hedge of a net investment in a
lindung nilai atas investasi neto dalam foreign operation.
kegiatan usaha luar negeri.
Pada awal hubungan lindung nilai, Grup At the inception of a hedge relationship, the
merancang dan mendokumentasikan Group formally designates and documents the
hubungan lindung nilai yang diinginkannya hedge relationship to which it wishes to apply
untuk menerapkan akuntansi lindung nilai hedge accounting, the risk management
secara formal, tujuan dan strategi manajemen objective and strategy for undertaking the
risiko untuk melakukan lindung nilai. hedge.
Dokumentasi tersebut mencakup identifikasi The documentation includes identification of
instrumen lindung nilai, item lindung nilai, sifat the hedging instrument, the hedged item, the
risiko yang dilindungi nilai dan bagaimana nature of the risk being hedged and how the
Grup akan menilai apakah hubungan lindung Group will assess whether the hedging
nilai tersebut memenuhi persyaratan relationship meets the hedge effectiveness
efektivitas lindung nilai (termasuk analisis requirements (including the analysis of
sumber ketidakefektifan lindung nilai dan sources of hedge ineffectiveness and how the
bagaimana rasio lindung nilai ditentukan). hedge ratio is determined). A hedging
Hubungan lindung nilai memenuhi syarat relationship qualifies for hedge accounting if it
untuk akuntansi lindung nilai jika memenuhi meets all of the following effectiveness
semua persyaratan efektivitas berikut: requirements:
i. Ada 'hubungan ekonomik' antara item i. There is ‘an economic relationship’
lindung nilai dan instrumen lindung nilai. between the hedged item and the hedging
instrument.
ii. Pengaruh risiko kredit tidak 'mendominasi ii. The effect of credit risk does not ‘dominate
perubahan nilai' yang dihasilkan dari the value changes’ that result from that
hubungan ekonomik tersebut. economic relationship
54
PT Medco Energi Internasional Tbk 2024 Annual Report
215
Page 218
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan Derivatif dan t. Derivative Financial Instruments and Hedge
Akuntansi Lindung Nilai (lanjutan) Accounting (continued)
iii. Rasio lindung nilai dari hubungan lindung iii. The hedge ratio of the hedging relationship
nilai adalah rasio yang sama yang is the same as that resulting from the
dihasilkan dari kuantitas item lindung quantity of the hedged item that the Group
nilaian yang aktual digunakan oleh Grup actually hedges and the quantity of the
melindungi nilai sejumlah kuantitas hedging instrument that the Group actually
instrumen lindung nilaian yang secara uses to hedge that quantity of hedged item
aktual digunakan oleh Grup untuk
melindungi sejumlah kuantitas item lindung
nilaian.
Lindung nilai yang memenuhi semua kriteria Hedges that meet all the qualifying criteria for
kualifikasian untuk akuntansi lindung nilai yang hedge accounting are accounted for, as
dicatat, seperti yang dijelaskan di bawah ini: described below:
Lindung Nilai Arus Kas Cash Flow Hedge
Grup mempunyai kontrak forward dan swap The Group entered into forward and cross-
antar mata uang yang digunakan sebagai currency swap contracts that are used to
lindung nilai atas eksposur perubahan dalam hedge for the exposure to changes in cash
arus kas sehubungan dengan perubahan nilai flows due to changes in foreign exchange
tukar mata uang asing. Grup juga mempunyai rates. The Group also entered into commodity
kontrak collar komoditas dan kontrak opsi collar and commodity options contract that are
komoditas yang digunakan sebagai lindung used as a hedge for the exposure to changes
nilai atas eksposur perubahan harga in commodity price. Such forward, swap and
komoditas. Kontrak forward, swap dan opsi commodity contracts are accounted for under
komoditas tersebut dicatat dengan hedge accounting.
menggunakan akuntansi lindung nilai.
Grup merancang hanya elemen spot dari The Group designates only the spot element of
kontrak forward dan swap antar mata uang the forward and cross-currency swap contracts
serta nilai intrinsik opsi komoditas sebagai and the intrinsic value of commodity options as
instrumen lindung nilai. Unsur masa depan hedging instruments. The forward element of
dari kontrak forward dan swap antar mata forward and cross-currency swap contracts as
uang, serta komponen nilai waktu dari opsi well as the time value component of
komoditas diakui dalam OCI dan commodity options are recognized in OCI and
diakumulasikan dalam komponen terpisah dari accumulated in a separate component of
ekuitas sebagai bagian dari penyesuaian nilai equity under fair value adjustment on cash
wajar atas instrumen lindung nilai arus kas. flow hedging instruments. Because the
Karena lindung nilai arus kas Grup tidak Group’s cash flow hedges does not lead to the
menyebabkan pengakuan item-item recognition of non-financial items on balance
nonkeuangan di neraca, jumlah yang sheet, the amount accumulated in OCI is
terakumulasi dalam OCI direklasifikasi ke laba reclassified to profit or loss as a
rugi sebagai penyesuaian reklasifikasi pada reclassification adjustment in the same period
periode atau periode yang sama di mana arus or periods during which the hedged cash flows
kas yang dilindung nilai memengaruhi laba affect profit or loss.
atau kerugian.
216 PT Medco Energi Internasional Tbk 2024 Annual Report
55
Page 219
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers is
diakui ketika pengendalian barang atau jasa recognized when control of the goods or
dialihkan kepada pelanggan dengan jumlah services are transferred to the customer at an
yang mencerminkan imbalan yang diharapkan amount that reflects the consideration to which
akan menjadi hak Grup dalam pertukaran the Group expects to be entitled in exchange
barang dan jasa tersebut. Grup telah for those goods or services. The Group has
menyimpulkan bahwa Grup adalah prinsipal concluded that it is the principal in all of its
dalam semua pengaturan pendapatannya revenue arrangements since it controls the
karena Grup mengendalikan barang atau jasa goods or services before transferring them to
sebelum mentransfernya ke pelanggan. the customer.
Saldo Kontrak Contract Balances
• Aset kontrak • Contract assets
Jika Grup melaksanakan transfer barang If the Group performs by transferring
atau jasa kepada pelanggan sebelum goods or services to a customer before
pelanggan membayar imbalan atau the customer pays consideration or
sebelum pembayaran jatuh tempo, aset before payment is due, a contract asset
kontrak diakui untuk imbalan yang is recognized for the earned
diperoleh yang bersyarat. consideration that is conditional.
• Piutang usaha • Trade receivables
Piutang merupakan hak Grup atas A receivable represents the Group’s right
sejumlah imbalan yang tidak bersyarat to an amount of consideration that is
(yaitu, hanya berlalunya waktu yang unconditional (i.e., only the passage of
diperlukan sebelum pembayaran imbalan time is required before payment of the
jatuh tempo). consideration is due).
• Liabilitas kontrak • Contract liabilities
Jika pelanggan membayar imbalan If a customer pays consideration before
sebelum Grup mentransfer barang the Group transfers goods to the
kepada pelanggan, liabilitas kontrak customer, a contract liability is
diakui pada saat pembayaran dilakukan recognized when the payment is made or
atau pembayaran jatuh tempo (mana the payment is due (whichever is earlier).
yang lebih awal). Liabilitas kontrak diakui Contract liabilities are recognized as
sebagai pendapatan pada saat Grup revenue when the Group performs under
melakukan kewajiban pelaksanaan the contract.
berdasarkan kontrak.
Grup mempertimbangkan apakah ada janji lain The Group considers whether there are other
dalam kontrak yang merupakan kewajiban promises in the contract that are separate
pelaksanaan terpisah pada mana sebagian performance obligations to which a portion of
dari harga transaksi perlu dialokasikan (seperti the transaction price needs to be allocated
guarantee, customer loyalty points). Grup (example guarantee, customer loyalty points).
mempertimbangkan pengaruh dari imbalan The Group considers the effects of variable
variabel, keberadaan komponen pendanaan consideration, the existence of significant
yang signifikan, imbalan non-kas, dan utang financing components, non-cash
imbalan kepada pelanggan (jika ada). consideration, and consideration payable to
the customer (if any).
56
PT Medco Energi Internasional Tbk 2024 Annual Report
217
Page 220
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
(lanjutan) (continued)
(i) Imbalan variabel (i) Variable consideration
Jika imbalan dalam kontrak mencakup If the consideration in a contract includes
jumlah variabel, Grup mengestimasi a variable amount, the Group estimates
jumlah imbalan yang menjadi haknya the amount of consideration to which it
sebagai imbalan atas pengalihan barang will be entitled in exchange for
kepada pelanggan. Imbalan variabel transferring the goods to the customer.
diestimasi pada awal kontrak dan The variable consideration is estimated at
dibatasi hingga kemungkinan besar contract inception and constrained until it
bahwa pembalikan pendapatan yang is highly probable that a significant
signifikan dalam jumlah pendapatan revenue reversal in the amount of
kumulatif yang diakui tidak akan terjadi cumulative revenue recognized will not
ketika ketidakpastian terkait dengan occur when the associated uncertainty
imbalan variabel kemudian diselesaikan. with the variable consideration is
subsequently resolved.
(ii) Komponen pendanaan yang signifikan (ii) Significant financing component
Dalam kontrak tertentu, Grup juga In certain contracts, the Group receives
menerima uang muka jangka panjang long-term advances from customers.
dari pelanggan. Uang muka jangka Long-term advances from customers are
panjang dari pelanggan tersebut subject to market interest rates.
merupakan subjek terhadap tingkat Otherwise, the transaction price for such
bunga pasar. Harga transaksi untuk contracts is discounted, using the rate
kontrak tersebut didiskontokan, that would be reflected in a separate
menggunakan tarif yang akan tercermin financing transaction between the Group
dalam transaksi pendanaan terpisah and its customers at contract inception, to
antara Grup dan pelanggannya pada take into consideration the significant
permulaan kontrak, untuk financing component.
mempertimbangkan komponen
pendanaan yang signifikan.
Untuk uang muka jangka pendek dari For any short-term advances from its
pelanggan, dengan menggunakan customers, using the practical expedient
panduan praktis dalam PSAK 115, Grup in PSAK 115, the Group does not adjust
tidak menyesuaikan jumlah imbalan yang the promised amount of consideration for
dijanjikan atas dampak komponen the effects of a significant financing
pendanaan signifikan jika diharapkan, component if it expects, at contract
pada awal kontrak, bahwa periode antara inception, that the period between the
pengalihan barang atau jasa yang transfer of the promised good or service
dijanjikan kepada pelanggan dan ketika to the customer and when the customer
pelanggan membayar barang atau jasa pays for that good or service will be one
itu satu tahun atau kurang. year or less.
218 PT Medco Energi Internasional Tbk 2024 Annual Report
57
Page 221
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
(lanjutan) (continued)
Pendapatan dari Penjualan Minyak dan Gas Revenue from Sales of Oil and Gas
Bumi
Pendapatan dari penjualan minyak, gas bumi Revenue from the sale of oil, natural gas and
dan barang-barang lainnya diakui pada saat other items is recognized at the point in time
pengendalian produk dialihkan ke pelanggan, when control of the product is transferred to
yang umumnya ketika produk secara fisik the customer, which is generally when the
dipindahkan ke dalam kapal, pipa atau product is physically transferred into a vessel,
mekanisme pengiriman lainnya dan pelanggan pipe or other delivery mechanism and the
menerima produk. Akibatnya, kewajiban customer accepts the product. Consequently,
pelaksanaan Grup dianggap hanya terkait the Group’s performance obligations are
dengan penjualan minyak, gas bumi considered to relate only to the sale of oil,
berdasarkan pengaturan kontrak yang berlaku. natural gas under the contractual
Biaya pengangkutan dan pengapalan arrangements in place. The transportation and
sehubungan dengan pengalihan produk ke shipping cost associated with the transfer of
tempat penjualan diakui sebagai biaya the product to the point of sale is recognized
penjualan. as a selling cost.
Berdasarkan ketentuan pengaturan bagi hasil Under the terms of the relevant production
yang relevan, Grup berhak atas bagian sharing arrangements, the Group is entitled to
keikutsertaannya dalam minyak dan gas bumi its participating share in the oil and natural gas
berdasarkan hak partisipasi Grup. Pendapatan based on the Group’s working interest.
dari kontrak dengan pelanggan diakui Revenue from contracts with customers is
berdasarkan volume aktual yang dijual kepada recognized based on the actual volumes sold
pelanggan. Tidak ada penyesuaian yang to customers. No adjustments are made to
dilakukan pada pendapatan untuk setiap revenue for any differences between volumes
perbedaan antara volume yang dijual ke sold to customers and unsold volumes which
pelanggan dan volume yang tidak terjual yang the Group is entitled to sell based on its
berhak dijual Grup berdasarkan hak working interest. Revenue in respect of such
partisipasinya. Pendapatan sehubungan volumes is only recognized when there is a
dengan volume tersebut hanya diakui jika ada transfer of output to the Group’s customers.
transfer output ke pelanggan Grup. Namun, However, where liftings do not match working
jika liftings tidak sesuai dengan hak partisipasi interest or entitlement interest, an adjustment
atau kepemilikan, penyesuaian dilakukan pada is made to cost of revenue representing the
beban pokok pendapatan yang mencerminkan amount due to/from partners representing
jumlah terutang/tagihan dari partner yang overlifting/underlifting movements.
merupakan pergerakan overlifting/underlifting.
Pendapatan dari Usaha Kelistrikan Revenue from Power Business
Pendapatan yang berkaitan dengan komponen Revenue related to the other components of
lain dari harga tenaga listrik yang dikirimkan the price of electric power delivered (cost of
(biaya gas, perawatan dan overhead) diakui gas, maintenance and overhead) is recognized
sebagai pendapatan pada saat penyerahan as revenue upon delivery of electric power to
tenaga listrik ke pelanggan. Kontrol dialihkan customer. Control is transferred at a point in
pada suatu titik waktu, umumnya setelah time, generally upon delivery to the customer.
pengiriman ke pelanggan.
Pendapatan dari operasi dan pemeliharaan, Revenue from operations and maintenance,
dan jasa lainnya diakui pada saat jasa and other services is recognized when
diberikan. Pengendalian ditransfer secara services is rendered. Control is transferred
bertahap dan pelanggan secara bersamaan over time as the customers simultaneously
menerima dan mengkonsumsi jasa yang receives and consumes the benefits provided
diberikan oleh Grup. by the Group.
58
PT Medco Energi Internasional Tbk 2024 Annual Report
219
Page 222
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
u. Pengakuan Pendapatan dan Beban u. Revenue and Expense Recognition
(lanjutan) (continued)
Pendapatan dan Biaya Konstruksi Construction Revenue and Cost
Pendapatan dan biaya dari kegiatan kontrak Revenue and costs from long-term contract
jangka panjang diakui berdasarkan tahap activities are recognized based on the stage of
penyelesaian yang ditentukan berdasarkan completion which is determined based on the
proporsi biaya kontrak yang terjadi untuk proportion of contract costs incurred for work
pekerjaan yang dilakukan sampai saat ini performed to date compared to the estimated
dibandingkan dengan perkiraan jumlah biaya total contract costs.
kontrak.
Grup mengakui pendapatan konstruksi dari The Group recognizes construction revenues
waktu ke waktu menggunakan metode output over time using the output method based on
berdasarkan laporan bulanan atas proses the monthly report over the completed
penyelesaian konstruksi. construction progress.
Pendapatan dari Usaha Lainnya Revenue from Others
Pendapatan dari usaha lainnya terutama Revenue from others pertains mainly to
berkaitan dengan pendapatan dari jasa. Grup revenue from services. The Group recognizes
mengakui pendapatan dari jasa ini dari waktu revenue from these services over time, using
ke waktu, dengan menggunakan metode input an input method to measure progress towards
untuk mengukur proses menuju kepuasan complete satisfaction of the service, because
penuh atas layanan tersebut, karena the customer simultaneously receives and
pelanggan secara bersamaan menerima dan consumes the benefits provided by the Group.
menggunakan manfaat yang diberikan oleh
Grup.
Pendapatan yang dihasilkan dari pengaturan Revenue resulting from arrangements that are
yang tidak dianggap sebagai kontrak dengan not considered contracts with customers is
pelanggan disajikan sebagai pendapatan dari presented as revenue from other sources.
sumber lain.
Modifikasi Kontrak Contract Modifications
Kontrak Grup dengan pelanggan dapat The Group’s contracts with customers may be
dinegosiasikan dari waktu ke waktu dan negotiated from time to time and certain
ketentuan tertentu seperti penetapan harga provisions such as pricing and working interest
dan hak partisipasi dapat diubah dalam may be amended in the agreement. Subject to
perjanjian. Tunduk pada sifat perubahan ini, the nature of these changes, the Group
Grup memperhitungkan modifikasi kontrak accounts for modification of the existing
yang ada berdasarkan volume komitmen yang contract based on agreed volume
disepakati sebelum dan setelah modifikasi commitments before and after the contract
kontrak dan perubahan harga yang timbul dari modification and the price changes arising
modifikasi. from the modification.
Beban Expenses
Beban diakui pada saat terjadinya dengan Expenses are recognized as incurred on an
menggunakan metode akrual. accrual basis.
v. Perpajakan v. Taxation
Beban pajak penghasilan terdiri dari pajak kini The income tax expense comprises current
dan pajak tangguhan. Pajak diakui dalam and deferred tax. Tax is recognized in the
laporan laba rugi, kecuali jika pajak tersebut statement of profit or loss, except to the extent
terkait dengan transaksi atau kejadian yang that it relates to items recognized in other
diakui di penghasilan komprehensif lain atau comprehensive income or directly in equity. In
langsung diakui ke ekuitas. Dalam hal ini, this case, the tax is also recognized in other
pajak tersebut masing-masing diakui dalam comprehensive income or directly in equity,
penghasilan komprehensif lain atau ekuitas. respectively.
220 PT Medco Energi Internasional Tbk 2024 Annual Report
59
Page 223
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
v. Perpajakan (lanjutan) v. Taxation (continued)
Pajak Kini Current Tax
Beban pajak kini ditentukan berdasarkan laba Current tax expense is determined based on
kena pajak dalam tahun yang bersangkutan. the taxable income for the year. Tax rates
Tarif pajak yang digunakan untuk menghitung used to compute the amount are those that
jumlah tersebut adalah yang telah berlaku atau have been enacted or substantively enacted at
secara substantif telah berlaku pada tanggal the reporting date.
pelaporan.
Aset dan liabilitas pajak kini untuk tahun Current tax assets and liabilities for the current
berjalan dan tahun sebelumnya diukur sebesar and prior years are measured at the amounts
jumlah yang diharapkan dapat direstitusi dari expected to be recovered from or paid to the
atau dibayarkan kepada otoritas perpajakan. tax authorities.
Koreksi terhadap liabilitas perpajakan dicatat Amendments to taxation obligations are
saat surat ketetapan pajak diterima dan recorded when an assessment is received and
apabila dilakukan banding, ketika hasil if appealed, when the result of the appeal is
banding sudah diputuskan. Kekurangan/ determined. The underpayment/overpayment
kelebihan pembayaran pajak penghasilan of income tax are recorded as part of "Current
dicatat sebagai bagian dari “Beban Pajak Kini” Tax" in the consolidated statements of profit or
dalam laporan laba rugi dan penghasilan loss and other comprehensive income.
komprehensif lain konsolidasian. Bunga dan Interests and penalties are presented as part
denda disajikan sebagai bagian dari beban of other operating expenses since they are not
operasi lainnya karena tidak dianggap sebagai considered as part of the income tax expense.
bagian dari beban pajak penghasilan.
Sebagai tanggapan terhadap penerapan In response to the implementation of the
kerangka Pilar Dua Organisasi untuk Kerja Organisation for Economic Co-operation and
Sama dan Pembangunan Ekonomi Development (“OECD”) Pillar Two framework,
(Organisation for Economic Co-operation and on December 31, 2024, Indonesian
Development atau "OECD"), pada tanggal 31 Government implemented Pillar Two
Desember 2024, Pemerintah Indonesia framework through Ministry of Finance
menerapkan kerangka Pilar Dua melalui Regulation No. 136/2024 (PMK 136/2024).
Peraturan Menteri Keuangan No. 136/2024 The Pillar Two model rules as implemented
(PMK 136/2024). Aturan model Pilar Dua under PMK 136/2024 will take effect for fiscal
sebagaimana diterapkan dalam PMK years beginning on or after January 1, 2025.
136/2024 akan berlaku untuk tahun fiskal yang For the year ended December 31, 2024, the
dimulai pada atau setelah tanggal 1 Januari Group has applied amendments to PSAK 212:
2025. Untuk tahun yang berakhir pada 31 Income Taxes, which provide mandatory
Desember 2024, Grup telah menerapkan temporary exception from recognizing or
amandemen PSAK 212: Pajak Penghasilan, disclosing deferred taxes related to Pillar Two.
yang memberikan pengecualian wajib
sementara dari pengakuan atau
pengungkapan pajak tangguhan terkait Pilar
Dua.
60
PT Medco Energi Internasional Tbk 2024 Annual Report
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Page 224
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
v. Perpajakan (lanjutan) v. Taxation (continued)
Pajak Tangguhan Deferred Tax
Pajak tangguhan diakui dengan menggunakan Deferred tax is recognized using the liability
metode liabilitas atas perbedaan temporer method on temporary differences between the
antara perhitungan akuntansi dan basis financial and the tax bases of assets and
perhitungan pajak atas aset dan kewajiban liabilities at the financial reporting date.
pada tanggal pelaporan.
Aset dan liabilitas pajak tangguhan diakui atas Deferred tax assets and liabilities are
perbedaan temporer antara jumlah tercatat recognized for temporary differences between
aset dan liabilitas pada laporan posisi the carrying amount of assets and liabilities
keuangan dengan dasar pengenaan pajaknya with their tax bases at the financial reporting
pada setiap tanggal pelaporan. Aset pajak date. Deferred tax assets are recognized for all
tangguhan diakui untuk seluruh perbedaan deductible temporary differences and
temporer yang boleh dikurangkan dan accumulated tax losses that have not been
akumulasi rugi pajak yang belum utilized, if taxable income is likely to be
dikompensasikan, bila kemungkinan besar available so that the temporary differences can
laba kena pajak akan tersedia sehingga be deducted and the unutilized tax losses can
perbedaan temporer dapat dikurangkan dan be utilized.
rugi pajak belum dikompensasikan tersebut
dapat dimanfaatkan.
Liabilitas pajak tangguhan dan aset pajak Deferred tax liabilities and deferred tax assets
tangguhan (jika memenuhi kriteria) diakui atas (if they meet the criteria) are recognized for
perbedaan temporer kena pajak terkait dengan temporary differences associated with
investasi pada entitas anak dan asosiasi, investments in subsidiaries and associates,
kecuali yang waktu pembalikannya dapat unless the timing of the reversal of temporary
dikendalikan dan kemungkinan besar differences can be controlled and it is probable
perbedaan temporer tersebut tidak akan that the temporary differences will not be
dibalik di masa depan yang dapat reversed in the foreseeable future.
diperkirakan.
Jumlah tercatat aset pajak tangguhan ditelaah The carrying amount of deferred tax assets is
pada setiap tanggal pelaporan dan nilai reviewed at each reporting date and is
tercatat aset pajak tangguhan tersebut reduced to the extent that it is no longer
diturunkan apabila laba fiskal mungkin tidak probable that sufficient taxable income will be
memadai untuk mengompensasi sebagian available in the future to enable some or all of
atau semua manfaat aset pajak tangguhan. the benefits of the deferred tax assets to be
Aset pajak tangguhan yang belum diakui realized. Deferred tax assets that have not
sebelumnya ditelaah pada setiap tanggal been recognized previously are reviewed at
pelaporan dan diakui sepanjang laba kena each reporting date and recognized to the
pajak yang akan datang kemungkinan besar extent that it has become probable that
akan tersedia untuk dipulihkan. sufficient taxable income will be available to
enable the deferred tax assets to be
recovered.
Aset dan liabilitas pajak tangguhan diukur Deferred tax assets and liabilities are
berdasarkan tarif pajak yang diharapkan akan measured based on tax rates that are
dipakai pada tahun saat aset terealisasi dan expected to apply to the year when the assets
liabilitas diselesaikan berdasarkan tarif pajak are realized and liabilities are settled based on
dan peraturan perpajakan yang berlaku atau the tax rates and tax laws that have been
yang secara substantif berlaku pada tanggal enacted or substantively enacted at the
laporan posisi keuangan konsolidasian. consolidated statements of financial position
date.
222 PT Medco Energi Internasional Tbk 2024 Annual Report
61
Page 225
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
v. Perpajakan (lanjutan) v. Taxation (continued)
Pajak Tangguhan (lanjutan) Deferred Tax (continued)
Aset pajak tangguhan dan liabilitas pajak Deferred tax assets and deferred tax liabilities
tangguhan saling hapus jika terdapat hak are offset if there is a legal right to off-set
secara hukum untuk melakukan saling hapus deferred tax assets against deferred tax
atas aset pajak tangguhan terhadap liabilitas liabilities and the deferred tax assets and
pajak tangguhan atau aset dan liabilitas pajak liabilities pertain to the same entity.
tangguhan pada entitas yang sama.
Pajak tangguhan terkait pos yang diakui di luar Deferred tax relating to items recognized
laba atau rugi diakui di luar laba atau rugi. outside profit or loss is recognized outside
Pajak tangguhan pos terkait diakui sesuai profit or loss. Deferred tax items are
dengan transaksi yang mendasari yaitu diakui recognized in correlation to the underlying
pada penghasilan komprehensif lain atau transaction either in other comprehensive
langsung ke ekuitas. income or directly in equity.
Grup melakukan saling hapus aset pajak The Group offsets deferred tax assets and
tangguhan dan liabilitas pajak tangguhan jika deferred tax liabilities if and only if it has a
dan hanya jika memiliki hak yang berkekuatan legally enforceable right to set off current tax
hukum untuk saling hapus aset pajak kini dan assets and current tax liabilities and the
liabilitas pajak kini dan aset pajak tangguhan deferred tax assets and deferred tax liabilities
dan liabilitas pajak tangguhan terkait dengan relate to income taxes levied by the same
pajak penghasilan yang dikenakan oleh taxation authority on either the same taxable
otoritas perpajakan yang sama atas baik entity or different taxable entities which intend
entitas kena pajak yang sama atau entitas either to settle current tax liabilities and assets
kena pajak yang berbeda yang bermaksud on a net basis, or to realise the assets and
untuk menyelesaikan liabilitas dan aset pajak settle the liabilities simultaneously, in each
kini secara neto, atau untuk merealisasikan future period in which significant amounts of
aset dan menyelesaikan liabilitas secara deferred tax liabilities or assets are expected
bersamaan, pada setiap periode masa depan to be settled or recovered.
di mana jumlah liabilitas atau aset pajak
tangguhan yang signifikan diharapkan untuk
diselesaikan atau dipulihkan.
Entitas anak yang terlibat dalam kegiatan Subsidiaries involved in oil and gas exploration
eksplorasi dan produksi minyak dan gas bumi and production in Indonesia are subject to
di Indonesia dikenai tarif pajak penghasilan income tax at rates ranging from 36.25% to
sebesar antara 36,25% sampai 48%. 48%.
Entitas anak yang terlibat dalam kegiatan Subsidiaries involved in oil and gas exploration
eksplorasi dan produksi minyak dan gas bumi and production outside Indonesia are subject
di luar Indonesia dikenai berbagai tarif pajak to various corporate income tax rates ranging
penghasilan badan sebesar antara 15% from 15% to 55%.
sampai 55%.
Entitas anak yang beroperasi dalam bidang Subsidiaries involved in non-oil and gas
selain minyak dan gas bumi di Indonesia activities in Indonesia are subject to corporate
dikenakan tarif pajak sebesar antara 22% income tax rates from 22% to 34%.
sampai 34%.
62
PT Medco Energi Internasional Tbk 2024 Annual Report
223
Page 226
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
v. Perpajakan (lanjutan) v. Taxation (continued)
Pajak Pertambahan Nilai (PPN) Value Added Tax (VAT)
Jumlah PPN neto yang terpulihkan dari, atau The net amount of VAT recoverable from, or
terutang kepada, kantor pajak termasuk payable to, the taxation authorities is included
sebagai bagian dari piutang atau utang pada as part of receivables or payables in the
laporan posisi keuangan konsolidasian. consolidated statement of financial position.
Pajak Final Final Tax
Grup memiliki pendapatan yang dikenakan The Group has earnings that is subject to final
pajak final terutama dari pendapatan bunga. tax mainly from interest income.
Sesuai peraturan perpajakan di Indonesia, In accordance with the tax regulation in
pajak final dikenakan atas nilai bruto transaksi, Indonesia, final tax is applied to the gross
dan tetap dikenakan walaupun atas transaksi value of transactions, even when the parties
tersebut pelaku transaksi mengalami kerugian. carrying the transaction are recognizing
losses.
Pajak final tidak termasuk dalam lingkup yang Final tax is scoped out from PSAK 212:
diatur oleh PSAK 212: Pajak Penghasilan. Income Tax.
w. Penurunan Nilai Aset Non-Keuangan w. Impairment of Non-Financial Assets
Pada setiap akhir periode pelaporan, Grup At end of each reporting period, the Group
menilai apakah terdapat indikasi suatu aset assesses whether there is an indication that an
mengalami penurunan nilai. Jika terdapat asset may be impaired. If any such indication
indikasi tersebut, atau pada saat pengujian exists, or when annual impairment testing for
tahunan penurunan nilai aset (yaitu, goodwill an asset (i.e., goodwill acquired in a business
yang diperoleh dalam suatu kombinasi bisnis) combination) is required, the Group makes an
diperlukan, maka Grup membuat estimasi estimate of the asset’s recoverable amount.
jumlah terpulihkan aset tersebut.
Jumlah terpulihkan yang ditentukan untuk aset An asset’s recoverable amount is the higher of
individual adalah jumlah yang lebih tinggi the asset’s or cash generating unit (“CGU”)’s
antara nilai wajar aset atau unit penghasil kas fair value less costs to sell and its value in use,
(“UPK”) dikurangi biaya untuk menjual dan and is determined for an individual asset,
nilai pakainya, dan ditentukan untuk aset unless the asset does not generate cash
individual, kecuali aset tersebut tidak inflows that are largely independent of those
menghasilkan arus kas masuk yang sebagian from other assets or groups of assets. Where
besar independen dari aset lain atau kelompok the carrying amount of an asset exceeds its
aset lain. Jika nilai tercatat aset lebih besar recoverable amount, the asset is considered
daripada nilai terpulihkannya, maka aset impaired and is written down to its recoverable
tersebut mengalami penurunan nilai dan nilai amount. The impairment losses of continuing
tercatat aset diturunkan menjadi sebesar nilai operations are recognized in profit or loss as
terpulihkannya. Rugi penurunan nilai dari “impairment losses”.
operasi yang dilanjutkan diakui pada laporan
laba rugi sebagai “kerugian atas penurunan
nilai aset”.
224 PT Medco Energi Internasional Tbk 2024 Annual Report
63
Page 227
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
w. Penurunan Nilai Aset Non-Keuangan w. Impairment of Non-Financial Assets
(lanjutan) (continued)
Pemulihan rugi penurunan nilai untuk aset Reversal on impairment loss for non-financial
non-keuangan selain goodwill, diakui jika, dan assets other than goodwill would be
hanya jika, terdapat perubahan estimasi yang recognized if, and only if, there has been a
digunakan dalam menentukan jumlah change in the estimates used to determine the
terpulihkan aset sejak pengujian penurunan assets’ recoverable amount since the last
nilai terakhir kali. Pembalikan tersebut dibatasi impairment test was carried out. The reversal
sehingga jumlah tercatat aset tidak melebihi is limited so that the carrying amount of the
jumlah terpulihkannya maupun jumlah tercatat, asset does not exceed its recoverable amount,
setelah dikurangi penyusutan, seandainya nor exceed the carrying amount that would
tidak ada rugi penurunan nilai yang telah have been determined, net of depreciation,
diakui untuk aset tersebut pada tahun had no impairment loss been recognized for
sebelumnya. Pembalikan rugi penurunan nilai the asset in prior years. Reversal of an
diakui segera dalam laba rugi. Setelah impairment loss is recognized immediately in
pembalikan tersebut, penyusutan aset tersebut profit or loss. After such a reversal, the
disesuaikan di periode mendatang untuk depreciation charge on the related asset is
mengalokasikan jumlah tercatat aset yang adjusted in future periods to allocate the
direvisi, dikurangi nilai sisanya, dengan dasar asset’s revised carrying amount, less any
yang sistematis selama sisa umur manfaatnya. residual value, on a systematic basis over its
remaining useful life.
Goodwill diuji untuk penurunan nilai setiap Goodwill is tested for impairment annually (on
tahun (pada tanggal 31 Desember) dan ketika December 31) and when circumstances
keadaan yang mengindikasikan bahwa nilai indicate that the carrying value may be
tercatat mungkin mengalami penurunan nilai. impaired. Impairment is determined for
Penurunan nilai bagi goodwill ditetapkan goodwill by assessing the recoverable amount
dengan menentukan jumlah terpulihkan dari of each CGU (or group of CGUs) to which the
setiap UPK (atau kelompok UPK) dimana goodwill relates. Where the recoverable
goodwill terkait. Jika jumlah terpulihkan dari amount of the CGU is less than its carrying
UPK kurang dari jumlah tercatatnya, rugi amount, an impairment loss is recognized.
penurunan nilai diakui.
Kerugian penurunan nilai yang berhubungan Impairment losses relating to goodwill cannot
dengan goodwill tidak dapat dibalik pada be reversed in future periods.
periode yang akan datang.
x. Pengaturan Bersama x. Joint Arrangement
Operasi Bersama Joint Operation
Operasi bersama adalah salah satu jenis A joint operation is a type of joint arrangement
pengaturan bersama dimana para pihak yang whereby the parties that have joint control of
memiliki pengendalian bersama atas the arrangement have rights to the assets and
pengaturan tersebut memiliki hak atas aset obligations for the liabilities, relating to the
dan kewajiban atas liabilitas, terkait dengan arrangement.
pengaturan tersebut.
Grup memiliki kepemilikan dalam operasi The Group has interests in several joint
bersama dimana Grup termasuk salah satu operation whereby the Group includes as a
pihak yang memiliki pengendalian bersama party which have joint control of a joint
atas operasi bersama (operator bersama). operation (joint operator).
64
PT Medco Energi Internasional Tbk 2024 Annual Report
225
Page 228
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Pengaturan Bersama (lanjutan) x. Joint Arrangement (continued)
Operasi Bersama (lanjutan) Joint Operation (continued)
Ketika entitas mengakuisisi kepentingan dalam When an entity acquires an interest in a joint
operasi bersama yang aktivitas operasi operation in which the activity of the joint
bersamanya merupakan bisnis, kombinasi operation constitutes a business, it shall apply,
bisnis entitas tersebut, menerapkan seluruh all of the principles on business combinations
prinsip akuntansi kombinasi bisnis. Hal ini accounting. This applies to the acquisition of
diterapkan untuk akuisisi kepentingan awal both the initial interest and additional interests
dan kepentingan tambahan dalam operasi in a joint operation in which the activity of the
bersama yang aktivitas operasi bersamanya joint operation constitutes a business.
merupakan bisnis.
Ketika Grup melakukan transaksi dengan When the Group enters into a transaction with
operasi bersama, di mana Grup merupakan a joint operation in which it is a joint operator,
salah satu operator bersama, maka Grup the Group shall recognize gains and losses
mengakui keuntungan dan kerugian yang resulting from such a transaction only to the
dihasilkan dari transaksi tersebut hanya extent of the other parties’ interests in the joint
sebatas kepentingan para pihak lain dalam operation.
operasi bersama tersebut.
Ketika Grup kehilangan pengendalian Upon loss of joint control, the Group measures
bersama, Grup mengakui dan mencatat and recognizes its remaining investment at its
investasi yang tersisa pada nilai wajar. fair value. Any difference between the carrying
Perbedaan antara nilai tercatat dari entitas amount of the former jointly controlled entity
pengendalian bersama dahulu saat kehilangan upon loss of joint control and the fair value of
pengendalian bersama dan nilai wajar the remaining investment and gain from
investasi yang tersisa dan pendapatan dari disposal is recognized in profit or loss. When
pelepasan dicatat dalam laba atau rugi. Ketika the remaining investment constitutes
investasi tersisa menunjukkan pengaruh yang significant influence, it is accounted for as
signifikan, maka investasi akan dicatat sebagai investment in an associates.
investasi pada entitas asosiasi.
Ventura Bersama Joint Venture
Ventura bersama adalah pengaturan bersama Joint ventures are a joint arrangement
yang mengatur bahwa para pihak yang whereby the parties that have joint control of
memiliki pengendalian bersama atas the arrangement have rights to the net assets
pengaturan memiliki hak atas aset neto of the arrangement. Investment in joint
pengaturan tersebut. Investasi pada ventura ventures are accounted for using the equity
bersama dicatat menggunakan metode method.
ekuitas.
y. Informasi Segmen y. Segment Information
Segmen adalah komponen Grup yang dapat A segment is a distinguishable component of
dibedakan dalam menghasilkan produk the Group that is engaged either in providing
tertentu (segmen bisnis), atau dalam certain products (business segment), or in
menghasilkan produk dalam sebuah providing products within a particular economic
lingkungan ekonomi khusus (segmen environment (geographical segment), which is
geografis), yang merupakan subjek yang subject to risks and rewards that are different
mempunyai risiko dan manfaat yang berbeda from those of other segments.
dari segmen lainnya.
226 PT Medco Energi Internasional Tbk 2024 Annual Report
65
Page 229
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Informasi Segmen (lanjutan) y. Segment Information (continued)
Segmen pendapatan, beban, hasil, aset dan Segment revenue, expenses, results, assets,
liabilitas termasuk hal-hal yang dapat and liabilities include items directly attributable
diatribusikan secara langsung terhadap to a segment as well as those that can be
sebuah segmen dan juga yang dapat allocated on a reasonable basis to that
dialokasikan pada dasar yang wajar pada segment. They are determined before
segmen tersebut. Segmen tersebut ditentukan intragroup balances and intragroup
sebelum saldo intragrup dan transaksi transactions are eliminated.
intragrup dieliminasi.
Untuk tujuan manajemen, Grup dibagi menjadi For management purposes, the Group is
segmen operasi berdasarkan produk dan jasa organized into operating segments based on
yang dikelola secara independen oleh masing- their products and services which are
masing pengelola segmen yang bertanggung independently managed by the respective
jawab atas kinerja dari masing-masing segment managers responsible for the
segmen. Para pengelola segmen melaporkan performance of the respective segments under
secara langsung kepada manajemen their charge. The segment managers report
Perusahaan yang secara teratur mengkaji laba directly to the management who regularly
segmen sebagai dasar untuk mengalokasikan review the segment results in order to allocate
sumber daya ke masing-masing segmen dan resources to the segments and to assess the
untuk menilai kinerja segmen. Pengungkapan segment performance. Additional disclosures
tambahan pada masing-masing segmen on each of these segments are shown in Note
terdapat dalam Catatan 44, termasuk faktor 44, including the factors used to identify the
yang digunakan untuk mengidentifikasi reportable segments and the measurement
segmen yang dilaporkan dan dasar basis of segment information.
pengukuran informasi segmen.
z. Provisi z. Provisions
Provisi diakui ketika Grup memiliki kewajiban Provisions are recognized when the Group has
kini (bersifat hukum dan/atau konstruktif) yang a present obligation, (legal and/or constructive)
diakibatkan oleh peristiwa di masa lalu, dan as a result of a past event, and it is probable
besar kemungkinannya arus keluar sumber that an outflow of resources embodying
daya yang mengandung manfaat ekonomis economic benefits will be required to settle the
akan diperlukan untuk menyelesaikan obligation and a reliable estimate can be made
kewajiban dan estimasi yang andal mengenai of the amount of the obligation.
jumlah kewajiban tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar estimate. If it is no longer probable that an
sumber daya untuk menyelesaikan kewajiban outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
aa. Laba (rugi) per Saham aa. Earnings (loss) per Share
Laba (rugi) per saham dasar dihitung dengan Basic earnings (loss) per share amounts are
membagi laba (rugi) tahun berjalan yang dapat computed by dividing the profit (loss) for the
diatribusikan kepada pemilik entitas induk year attributable to owners of the parent entity
dengan jumlah rata-rata tertimbang saham by the weighted average number of ordinary
biasa yang beredar pada periode yang shares outstanding during the period after
bersangkutan setelah memperhitungkan giving effect to the bonus element from right
dampak elemen bonus dari penawaran umum issue.
terbatas dengan hak memesan efek terlebih
dahulu.
66
PT Medco Energi Internasional Tbk 2024 Annual Report
227
Page 230
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
aa. Laba (rugi) per Saham (lanjutan) aa. Earnings (loss) per Share (continued)
Laba (rugi) bersih per saham dilusian dihitung Diluted earnings (loss) per share is calculated
dengan membagi laba (rugi) tahun berjalan by dividing the profit (loss) for the year
yang dapat diatribusikan kepada pemilik modal attributable to ordinary equity holders of the
biasa atas entitas induk dengan jumlah rata- parent entity by the weighted average number
rata tertimbang saham biasa yang beredar of ordinary shares outstanding during the year
pada tahun berjalan ditambah dengan rata- plus the weighted average number of ordinary
rata tertimbang saham biasa yang akan shares that would be issued on conversion of
diterbitkan konversi semua instrumen all the dilutive potential ordinary shares into
berpotensi saham biasa yang bersifat dilutif ordinary shares.
dengan menjadi saham biasa.
bb. Biaya Pinjaman bb. Borrowing Costs
Biaya pinjaman yang dapat diatribusikan Borrowing costs that are directly attributable to
langsung dengan perolehan, pembangunan the acquisition, construction or production of a
atau pembuatan aset kualifikasian qualifying asset are capitalized as part of the
dikapitalisasi sebagai bagian biaya perolehan cost of the related assets. Otherwise,
aset tersebut. Biaya pinjaman lainnya diakui borrowing costs are recognized as expenses
sebagai beban pada saat terjadi. Biaya when incurred. Borrowing costs consist of
pinjaman terdiri dari biaya bunga dan biaya interests and other financing charges that the
lain yang ditanggung oleh Grup sehubungan Group incurs in connection with the borrowing
dengan peminjaman dana. of funds.
cc. Aset Dimiliki untuk Dijual dan Operasi yang cc. Assets Held for Sale and Discontinued
Dihentikan Operations
Aset Dimiliki untuk Dijual Assets Held for Sale
Aset tidak lancar diklasifikasikan sebagai Non-current assets are classified as held for
dimiliki untuk dijual jika nilai tercatatnya akan sale if their carrying amounts will be recovered
dipulihkan terutama melalui transaksi principally through a sale transaction rather
penjualan daripada melalui pemakaian than through continuing use.
berlanjut.
Dalam hal ini, aset harus berada dalam For this to be the case, the asset must be
keadaan dapat dijual dengan syarat-syarat available for immediate sale in its present
yang biasa dan umum untuk penjualan aset condition subject only to terms that are usual
tersebut dan penjualannya harus sangat and customary for sales of such assets and its
mungkin terjadi. sale must be highly probable.
Aset dimiliki untuk dijual diukur pada nilai yang Assets held for sale are measured at the lower
lebih rendah antara nilai tercatat dan nilai of their carrying amount and fair value less
wajar setelah dikurangi biaya untuk menjual. costs to sell.
Aset tetap dan aset tak berwujud tidak Property, plant and equipment and intangible
didepresiasi atau diamortisasi setelah assets are not depreciated or amortized once
diklasifikasikan sebagai dimiliki untuk dijual. classified as held for sale.
Aset dan liabilitas diklasifikasikan sebagai Assets and liabilities classified as held for sale
tersedia untuk dijual disajikan terpisah sebagai are presented separately as current items in
bagian lancar pada laporan posisi keuangan the consolidated statements of financial
konsolidasian. position.
228 PT Medco Energi Internasional Tbk 2024 Annual Report
67
Page 231
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
cc. Aset Dimiliki untuk Dijual dan Operasi yang cc. Assets Held for Sale and Discontinued
Dihentikan (lanjutan) Operations (continued)
Operasi yang Dihentikan Discontinued Operations
Operasi yang dihentikan disajikan terpisah dari Discontinued operations are excluded from the
hasil usaha operasi yang dilanjutkan dan results of continuing operations and presented
disajikan sebagai suatu jumlah tunggal laba as a single amount as profit or loss after tax
atau rugi setelah pajak dari operasi yang from discontinued operations in the
dihentikan dalam laporan laba rugi dan consolidated statements of profit or loss and
penghasilan komprehensif lain konsolidasian. other comprehensive income. The
Informasi komparatif periode sebelumnya comparative prior period information are re-
diklasifikasikan kembali untuk menyelesaikan presented to align with such presentation.
dengan penyajian tersebut.
Pengungkapan tambahan disajikan pada Additional disclosures are provided in Note 39.
Catatan 39. Catatan laporan keuangan lainnya All other notes to the financial statements
terutama merupakan jumlah untuk operasi mainly include amounts for continuing
yang dilanjutkan, kecuali disebutkan lain. operations, unless otherwise mentioned.
dd. Peristiwa Setelah Periode Pelaporan dd. Events After Reporting Period
Peristiwa setelah akhir periode yang Post period events that provide additional
memberikan informasi tambahan tentang information about the Group’s position at end
posisi Grup pada akhir periode pelaporan of reporting period (adjusting events) are
(peristiwa penyesuaian) dicerminkan dalam reflected in the consolidated financial
laporan keuangan konsolidasian. Peristiwa statements. Post year-end events that are not
setelah akhir tahun yang tidak disesuaikan adjusting events are disclosed in the notes to
diungkapkan dalam catatan atas laporan consolidated financial statements when
keuangan konsolidasian jika material. material.
ee. Perubahan Kebijakan Akuntansi dan ee. Changes in Accounting Policies and
Pengungkapan Disclosures
Nomenklatur Standar Akuntansi Keuangan Financial Accounting Standards Nomenclature
Nomenklatur revisian diatur ulang dan diubah The revised nomenclature is reordered and
sebagaimana yang dipublikasikan oleh DSAK amended based on those as published by
IAI untuk periode keuangan yang dimulai pada DSAK IAI for financial periods beginning on
dan setelah tanggal 1 Januari 2024. and after January 1, 2024.
Amandemen PSAK 201: Liabilitas Jangka Amendment of PSAK 201: Non-current
Panjang dengan Kovenan Liabilities with Covenants
Amandemen ini menentukan persyaratan The amendments specify the requirements for
untuk mengklasifikasikan suatu liabilitas classifying liabilities as current or non-current
sebagai jangka pendek atau jangka panjang and clarify:
dan menjelaskan:
• hal yang dimaksud sebagai hak untuk • what is meant by a right to defer
menangguhkan pelunasan, settlement,
• hak untuk menangguhkan pelunasan harus • the right to defer must exist at the end of
ada pada akhir periode pelaporan the reporting period,
68
PT Medco Energi Internasional Tbk 2024 Annual Report
229
Page 232
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
ee. Perubahan Kebijakan Akuntansi dan ee. Changes in Accounting Policies and
Pengungkapan (lanjutan) Disclosures (continued)
Amandemen PSAK 201: Liabilitas Jangka Amendment of PSAK 201: Non-current
Panjang dengan Kovenan (lanjutan) Liabilities with Covenants (continued)
• klasifikasi tersebut tidak dipengaruhi oleh • classification is not affected by the
kemungkinan entitas akan menggunakan likelihood that an entity will exercise its
hakya untuk menangguhkan liabilitas, dan deferral right, and
• bahwa jika derivatif melekat dalam • That if an embedded derivative in a
kewajiban yang dapat dikonversi dianggap convertible liability is considered as an
sebagai instrumen ekuitas, ketentuan equity instrument, the terms of the liability
kewajiban ini tidak akan mempengaruhi would not affect its classification as current
klasifikasinya sebagai lancar atau tidak or non-current
lancar
Selain itu, entitas diwajibkan untuk In addition, an entity is required to disclose
mengungkapkan ketika kewajiban, yang timbul when a liability, arising from a loan agreement,
dari perjanjian pinjaman, diklasifikasikan is classified as non-current and the entity’s
sebagai tidak lancar dan hak entitas untuk right to defer settlement is subject to
menunda penyelesaian bergantung pada compliance with future covenants within twelve
kepatuhan terhadap kovenan di masa depan months.
dalam jangka waktu dua belas bulan
Amandemen ini tidak memberikan dampak The amendments do not have material effect
material terhadap laporan keuangan on the Group’s consolidated financial
konsolidasian Grup. statements.
Amandemen PSAK 116: Liabilitas Sewa dalam Amendment of PSAK 116: Lease liability in a
Jual Beli dan Sewa-balik Sale and Leaseback
Amandemen ini menetapkan persyaratan yang The amendment specifies the requirements
digunakan penjual-penyewa dalam mengukur that a seller-lessee uses in measuring the
kewajiban sewa yang timbul dalam transaksi lease liability arising in a sale and leaseback
jual beli dan sewa-balik, untuk memastikan transaction, to ensure the seller-lessee does
penjual-penyewa tidak mengakui jumlah setiap not recognise any amount of the gain or loss
keuntungan atau kerugian yang terkait dengan that relates to the right of use it retains.
hak guna yang dipertahankan.
Amandemen ini tidak memberikan dampak The amendments do not have material effect
material terhadap laporan keuangan on the Group’s consolidated financial
konsolidasian Grup. statements.
Amandemen PSAK 207 dan PSAK 107: Amendment of PSAK 207 and PSAK 107:
Pengaturan Pembiayaan Pemasok Supplier Finance Arrangements
Amandemen ini mengklarifikasi karakteristik The amendments to PSAK 207 and PSAK 107
pengaturan pembiayaan pemasok dan clarify the characteristics of supplier finance
mensyaratkan pengungkapan tambahan atas arrangements and require additional
pengaturan pembiayaan pemasok tersebut. disclosure of such arrangements. The
Persyaratan pengungkapan dalam disclosure requirements in the amendments
amandemen ini dimaksudkan untuk membantu are intended to assist users of financial
pengguna laporan keuangan dalam statements in understanding the effects of
memahami dampak pengaturan pembiayaan supplier finance arrangements on an entity’s
pemasok terhadap liabilitas, arus kas, dan liabilities, cash flows and exposure to liquidity
eksposur terhadap risiko likuiditas suatu risk.
entitas.
230 PT Medco Energi Internasional Tbk 2024 Annual Report
69
Page 233
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
ee. Perubahan Kebijakan Akuntansi dan ee. Changes in Accounting Policies and
Pengungkapan (lanjutan) Disclosures (continued)
Amandemen PSAK 207 dan PSAK 107: Amendment of PSAK 207 and PSAK 107:
Pengaturan Pembiayaan Pemasok (lanjutan) Supplier Finance Arrangements (continued)
Amandemen ini tidak memberikan dampak The amendments do not have material effect
material terhadap laporan keuangan on the Group’s consolidated financial
konsolidasian Grup. statements.
Pilar Standar Akuntansi Keuangan Financial Accounting Standards Pillars
Standar ini memberikan persyaratan dan These standards provides requirements and
pedoman bagi entitas untuk menerapkan guidelines for entities to apply the correct
standar akuntansi keuangan yang benar financial accounting standards in preparing
dalam menyusun laporan keuangan bertujuan general purpose financial statements. There
umum. Terdapat 4 (empat) standar akuntansi will be 4 (four) financial accounting standards
keuangan yang saat ini diterapkan di that are currently applied in Indonesia, namely:
Indonesia, yaitu:
i. Pilar 1 Standar Akuntansi Keuangan i. Pillar 1 International Financial Accounting
Internasional, Standards,
ii. Pilar 2 Standar Akuntansi Keuangan ii. Pillar 2 Indonesian Financial Accounting
Indonesia (PSAK), Standards (PSAK),
iii. Pilar 3 Standar Akuntansi Keuangan iii. Pillar 3 Indonesian Financial Accounting
Indonesia untuk Entitas Swasta/Standar Standards for Private Entities/Indonesian
Akuntansi Keuangan Indonesia untuk Financial Accounting Standards for Entities
Entitas Tanpa Akuntabilitas Publik, dan without Pubic Accountability, and
iv. Pilar 4 Standar Akuntansi Keuangan iv. Pillar 4 Indonesian Financial Accounting
Indonesia untuk Entitas Mikro Kecil dan Standards for Micro Small and Medium
Menengah. Entities.
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN ESTIMATES AND ASSUMPTIONS
Penyusunan laporan keuangan konsolidasian Grup The preparation of the Group’s consolidated
mengharuskan manajemen untuk membuat financial statements requires management to make
pertimbangan, estimasi dan asumsi yang judgments, estimates and assumptions that affect
mempengaruhi jumlah pendapatan, beban, aset the reported amounts of revenues, expenses,
dan liabilitas yang dilaporkan, dan pengungkapan assets and liabilities, and the disclosure of
atas liabilitas kontinjensi, pada tanggal pelaporan. contingent liabilities, at the reporting date.
Ketidakpastian mengenai estimasi dan asumsi Uncertainty about these estimates and assumptions
tersebut dapat mengakibatkan penyesuaian could result in outcomes that require a material
material terhadap nilai tercatat dari aset dan adjustment to the carrying amount of the asset or
liabilitas di masa yang akan datang. liability affected in the future.
70
PT Medco Energi Internasional Tbk 2024 Annual Report
231
Page 234
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan Judgments
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by management
dalam rangka penerapan kebijakan akuntansi Grup in the process of applying the Group’s accounting
yang memiliki pengaruh paling signifikan atas policies that have the most significant effects on the
jumlah yang diakui dalam laporan keuangan amounts recognized in the consolidated financial
konsolidasian: statements:
Mengevaluasi dampak periode opsi pada masa Evaluating the impact of option periods on lease
sewa - Grup sebagai penyewa terms - Group as lessee
Grup menentukan masa sewa sebagai periode The Group determines the lease term as the non-
sewa yang tidak dapat dibatalkan, dan juga periode cancellable term of the lease, together with any
yang dicakup oleh opsi untuk memperpanjang sewa periods covered by an option to extend the lease if
jika opsi cukup pasti untuk dieksekusi, atau periode it is reasonably certain to be exercised, or any
yang dicakup oleh opsi untuk menghentikan sewa periods covered by an option to terminate the lease,
jika opsi cukup pasti untuk tidak dieksekusi. if it is reasonably certain not to be exercised.
Untuk kontrak sewa yang memiliki opsi For any contracts with include extension and
perpanjangan dan penghentian, Grup menerapkan termination options, the Group applies judgment in
pertimbangan dalam mengevaluasi apakah cukup evaluating whether it is reasonably certain whether
pasti untuk mengeksekusi opsi perpanjangan atau or not to exercise the option to renew or terminate
penghentian sewa. Dengan kata lain, Grup the lease. That is, it considers all relevant factors
mempertimbangkan semua faktor relevan yang that create an economic incentive for it to exercise
menciptakan insentif ekonomi untuk melakukan either the renewal or termination. After the
perpanjangan atau penghentian. Setelah tanggal commencement date, the Group reassesses the
permulaan, Grup menilai ulang masa sewa jika lease term if there is a significant event or change
terdapat peristiwa atau perubahan signifikan dalam in circumstances that is within its control and affects
kondisi yang berada dalam pengendalian Grup dan its ability to exercise or not to exercise the option to
mempengaruhi kemampuan untuk mengeksekusi renew or to terminate. Further explanation are
atau untuk tidak mengeksekusi opsi perpanjangan provided in Note 24.
atau penghentian. Penjelasan lebih lanjut
diungkapkan pada Catatan 24.
Evaluasi atas subsewa Evaluation of sublease
Dalam mengimplementasikan dan menerapkan In implementing and applying PSAK 116, the matter
PSAK 116, membedakan antara operator dan of distinguishing between operators and joint
operasi bersama sebagai penyewa, termasuk operations as lessees, including sublease
pertimbangan adanya subsewa, merupakan hal considerations, has been deemed critical. It
yang sangat penting. Hal ini melibatkan tingkat involves a considerable degree of judgment with
pertimbangan yang cukup besar dengan dampak significant impact for the lease-related amounts
signifikan untuk jumlah sewa yang diakui sebagai recognized as assets and liabilities.
aset dan liabilitas.
232 PT Medco Energi Internasional Tbk 2024 Annual Report
71
Page 235
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Pajak Penghasilan Income Tax
Pertimbangan signifikan dilakukan dalam Significant judgment is involved in determining the
menentukan provisi atas pajak penghasilan badan. provision for corporate income tax. There are
Terdapat transaksi dan perhitungan tertentu yang certain transactions and computations for which the
penentuan pajak akhirnya tidak dapat ditentukan ultimate tax determination is uncertain in the
secara pasti dalam kegiatan usaha normal. Grup ordinary course of business. The Group recognizes
mengakui liabilitas atas pajak penghasilan badan liabilities for corporate income tax based on
berdasarkan estimasi apakah akan terdapat estimation of whether additional corporate income
tambahan pajak penghasilan badan yang akan tax will be due.
terutang.
Berdasarkan peraturan perpajakan yang berlaku Based on the tax regulations currently enacted, the
saat ini, manajemen mempertimbangkan apakah management judged if the amounts recorded under
jumlah yang tercatat dalam akun di atas dapat the above account are recoverable and refundable
dipulihkan dan direstitusi oleh Kantor Pajak. Nilai by the Tax Office. The carrying amount of the
tercatat atas tagihan dan keberatan/banding atas Group’s claims for tax refund and tax assessments
hasil pemeriksaan pajak Grup pada tanggal under objection/appeal as of December 31, 2024
31 Desember 2024 dan 2023 adalah masing- and 2023 amounting to US$6,397,832 and
masing sebesar AS$6.397.832 dan AS$4.244.792. US$4,244,792, respectively. Further explanations
Penjelasan lebih lanjut atas akun ini akan diberikan regarding this account are provided in Note 11.
pada Catatan 11.
Klasifikasi Aset dan Liabilitas Keuangan Classification of Financial Assets and Liabilities
Untuk menentukan kategori klasifikasi dan To determine the financial instruments classification
pengukuran instrumen keuangan, PSAK 109 and measurement category, PSAK 109 requires all
mengharuskan semua aset keuangan, kecuali financial assets, except equity instruments and
instrumen ekuitas dan derivatif, untuk dievaluasi derivatives, to be assessed based on a combination
berdasarkan kombinasi dari model bisnis entitas of the entity’s business model for managing the
untuk mengelola aset dan karakteristik arus kas assets and the instruments’ contractual cash flow
kontraktual instrumen. Klasifikasi instrumen characteristics. The classification of financial
keuangan pada saat pengakuan awal tergantung instruments at initial recognition depends on their
pada perjanjian kontraktual dan model bisnis untuk contractual terms and the business model for
mengelola instrumen tersebut. managing the instruments.
Grup menentukan model bisnis tersebut The Group determines its business model at the
menggunakan tingkat yang terbaik yang level that best reflects how it manages groups of
mencerminkan bagaimana perusahaan mengatur financial assets to achieve its business objective,
aset keuangan untuk mencapai tujuan bisnisnya, such that the risks that affect the performance of
hal tersebut mempengaruhi kinerja model bisnisnya the business model (and the financial assets held
(dan aset keuangan yang dikelola oleh model within that business model) and, in particular, the
bisnis) dan secara khusus, bagaimana risiko way those risks are managed. As a second step of
tersebut dikelola. Sebagai langkah selanjutnya dari its classification process, the Group assesses the
proses klasifikasi, Grup mengevaluasi perjanjian contractual terms of the financial asset to identify
kontraktual aset keuangan untuk menentukan whether they meet the SPPI test.
apakah mereka memenuhi persyaratan tes SPPI.
Klasifikasi aset dan liabilitas keuangan diungkapkan The classification of the financial assets and
pada Catatan 2s. liabilities are disclosed in Note 2s.
72
PT Medco Energi Internasional Tbk 2024 Annual Report
233
Page 236
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Pengaturan Bersama Joint Arrangements
Pertimbangan diperlukan untuk menentukan kapan Judgment is required to determine when the Group
Grup memiliki pengendalian bersama terhadap has joint control over an arrangement, which
sebuah pengaturan, yang memerlukan penilaian requires an assessment of the relevant activities
dari aktivitas yang relevan dan apabila keputusan and when the decisions in relation to those activities
sehubungan dengan aktivitas tersebut require unanimous consent.
mengharuskan persetujuan dengan suara bulat.
Grup menetapkan bahwa aktivitas relevan bagi The Group has determined that the relevant
Grup untuk pengaturan bersama adalah aktivitas activities for its joint arrangements are those
yang berhubungan dengan keputusan keuangan, relating to the financial, operational and capital
operasional dan modal dari pengaturan tersebut. decisions of the arrangement. The considerations
Pertimbangan-pertimbangan yang dibuat dalam made in determining joint control are similar to
menentukan pengendalian bersama adalah sama those necessary to determine control over
dengan penentuan pengendalian atas entitas anak. subsidiaries.
Pertimbangan juga diperlukan untuk menentukan Judgment is also required to classify a joint
klasifikasi suatu pengaturan bersama. arrangement. Classifying the arrangement requires
Pengklasifikasian tersebut mengharuskan Grup the Group to assess their rights and obligations
menilai hak dan kewajibannya yang timbul dari arising from the arrangement. Specifically, the
pengaturan bersama. Secara khusus, Grup Group considers:
mempertimbangkan:
• Struktur pengaturan bersama - apakah dibentuk • The structure of the joint arrangement - whether
melalui kendaraan terpisah; it is structured through a separate vehicle;
• Ketika pengaturan bersama dibentuk melalui • When the arrangement is structured through a
kendaraan terpisah, Grup juga separate vehicle, the Group also considers the
mempertimbangkan hak dan kewajiban para rights and obligations arising from:
pihak yang timbul dari:
- Bentuk hukum dari kendaraan terpisah; - The legal form of the separate vehicle;
- Persyaratan pengaturan kontraktual; dan - The terms of the contractual arrangement;
and
- Fakta dan keadaan lainnya, jika relevan. - Other relevant facts and circumstances.
Penilaian tersebut sering memerlukan This assessment often requires significant
pertimbangan yang signifikan. Kesimpulan yang judgment. A different conclusion about both joint
berbeda baik atas kesimpulan mengenai control and whether the arrangement is a joint
pengendalian bersama dan apakah suatu operation or a joint venture, may materially impact
pengaturan adalah sebuah operasi bersama atau the accounting treatment.
ventura bersama, dapat secara material
mempengaruhi perlakuan akuntansinya.
234 PT Medco Energi Internasional Tbk 2024 Annual Report
73
Page 237
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Pertimbangan (lanjutan) Judgments (continued)
Penilaian Perjanjian Kontraktual Contractual Arrangement Assessment
Manajemen menggunakan pertimbangannya dalam The management exercises its judgment in
menentukan apakah perjanjian kontraktual dengan determining whether or not the contractual
PT Perusahaan Listrik Negara (Persero) (“PLN”), arrangements with PT Perusahaan Listrik Negara
PT PLN Batam, PT PLN (Persero) Wilayah (Persero) (“PLN”), PT PLN Batam, PT PLN
Sumatera Selatan, Jambi dan Bengkulu (“PLN (Persero) Wilayah Sumatera Selatan, Jambi dan
WS2JB”) dan PT Perusahaan Listrik Negara Bengkulu (“PLN WS2JB”) and PT Perusahaan
Distribusi Jawa Barat (“PLNDJB”) termasuk dalam Listrik Negara Distribusi Jawa Barat (“PLNDJB”) fall
ruang lingkup ISAK 112, “Perjanjian Konsesi Jasa”. within the scope of ISAK 112, “Service Concession
Berdasarkan evaluasi manajemen terhadap syarat Arrangements”. Based on management’s
dan ketentuan perjanjian, diputuskan bahwa suatu evaluation of the terms of the arrangement, it
perjanjian termasuk dalam ruang lingkup ISAK 112 determines that the arrangement is within the scope
jika memenuhi kriteria pengendalian dalam ISAK of ISAK 112 if it meets the control criteria set out in
112 sebagai berikut: ISAK 112 as follows:
• Pemberi konsesi mengendalikan atau • The grantor controls or regulates what services
meregulasi jasa apa yang harus diberikan oleh the operator must provide with the
operator dengan infrastruktur, kepada siapa infrastructure, to whom it must provide them,
jasa harus diberikan dan berapa harganya; dan and at what price; and
• Pemberi konsesi mengendalikan - melalui • The grantor controls - through ownership,
kepemilikan, hak manfaat, atau bentuk lain - beneficial entitlement or otherwise-any
atas setiap kepentingan residu signifikan dalam significant residual interest in the infrastructure
infrastruktur pada akhir masa perjanjian. at the end of the term of the arrangement.
Dasar bagi Grup untuk mengakui konsesi aset The basis for the Group to recognize concession
keuangan telah disajikan pada Catatan 2l. financial assets has been disclosed in Note 2l.
Jika perjanjian tidak termasuk dalam ruang lingkup If the arrangement does not fall within ISAK 112,
ISAK 112, manajemen menggunakan the management also exercises its judgment in
pertimbangannya dalam menentukan apakah determining if the arrangement contains a lease
perjanjian mengandung suatu sewa dan lebih lanjut and further determines the classification of the
menentukan klasifikasi dari sewa tersebut. lease. Based on such evaluation, the management
Berdasarkan evaluasi, manajemen telah has determined that the arrangement with PLN
menentukan bahwa perjanjian dengan PLN tidak does not fall within the scope of ISAK 112 as the
termasuk dalam ruang lingkup ISAK 112 karena fulfillment of the arrangement is dependent on the
pemenuhan perjanjian bergantung pada use of a specific asset or assets (the asset) and the
penggunaan satu atau beberapa aset spesifik dan arrangement conveys a right to use the asset. The
perjanjian tersebut memberikan suatu hak untuk management classifies the lease as finance lease if
menggunakan aset tersebut. Manajemen based on management’s evaluation, the term of the
mengklasifikasikan sewa sebagai sewa arrangement constitutes a substantial portion of the
pembiayaan karena berdasarkan evaluasi economic life of the asset, and at the inception of
manajemen, syarat perjanjian mencakup sebagian the lease, the present value of the minimum lease
besar umur ekonomi aset dan pada awal sewa, nilai payments amounts to substantially the fair value of
kini dari jumlah pembayaran sewa minimum secara the leased assets.
substansial mendekati nilai wajar aset sewaan.
74
PT Medco Energi Internasional Tbk 2024 Annual Report
235
Page 238
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
ketidakpastian estimasi lain pada tanggal pelaporan other key sources of estimation uncertainty at the
yang memiliki risiko signifikan yang mungkin reporting date that have a significant risk of causing
mengakibatkan penyesuaian yang material a material adjustment to the carrying amounts of
terhadap nilai tercatat aset dan liabilitas untuk assets and liabilities within the next financial period
periode berikutnya diungkapkan di bawah ini. Grup are disclosed below. The Group based its estimates
mendasarkan estimasi dan asumsi pada parameter and assumptions on parameters available when the
yang tersedia pada saat laporan keuangan consolidated financial statements were prepared.
konsolidasian disusun. Asumsi dan situasi Existing circumstances and assumptions about
mengenai perkembangan masa depan tersebut future developments may change due to market
mungkin berubah akibat perubahan pasar atau changes or circumstances arising beyond the
situasi yang timbul di luar kendali Grup. Perubahan control of the Group. Such changes in the
asumsi tersebut tecermin ketika terjadi. assumptions are reflected when they occur.
Alokasi Biaya Perolehan dan Penurunan Nilai Purchase Price Allocation and Goodwill Impairment
Goodwill
Akuntansi akuisisi mengharuskan penggunaan Acquisition accounting requires extensive use of
estimasi akuntansi secara ekstensif dalam accounting estimates to allocate the purchase price
mengalokasikan biaya perolehan ke nilai pasar to the reliable fair market values of the assets and
wajar yang andal atas aset dan liabilitas yang liabilities purchased, including intangible assets.
diakuisisi, termasuk aset tak berwujud. Sesuai Under PSAK 103, goodwill is not amortized and is
PSAK 103, goodwill tidak diamortisasi dan diuji subject to an annual impairment testing. Further
untuk penurunan nilai setiap tahun. Penjelasan details are disclosed in Notes 19 and 48.
lebih lanjut diungkapkan pada Catatan 19 dan 48.
Penurunan Nilai Aset Non-Keuangan Impairment of Non-Financial Assets
Grup mengevaluasi apakah terdapat indikator The Group assesses whether there are any
penurunan nilai untuk semua aset non-keuangan indicators of impairment for all non-financial assets
(kecuali goodwill, yang dievaluasi secara tahunan (except goodwill, which is assessed annually
tanpa memperhitungkan ada tidaknya indikator) regardless of indicators) at each reporting date.
pada setiap tanggal pelaporan. Ketika terdapat When an indicator of impairment exists, a formal
indikator penurunan nilai, estimasi formal atas estimate of the recoverable amount is made, which
jumlah terpulihkan dilakukan, yang merupakan considered to be the higher of the fair value less
jumlah yang lebih tinggi antara nilai wajarnya cost to sell and value in use.
dikurangi biaya pelepasan dengan nilai pakainya.
Penilaian tersebut memerlukan penggunaan The assessments require the use of estimates and
estimasi dan asumsi seperti harga minyak jangka assumptions such as long-term oil prices, discount
panjang, tingkat diskonto, biaya operasional, rates, operating costs, future capital requirements,
kebutuhan modal masa depan, biaya penutupan, decommissioning costs, exploration potential,
potensi eksplorasi, cadangan dan kinerja reserves and operating performance (which
operasional (termasuk volume produksi dan includes production and sales volumes). These
penjualan). Estimasi dan asumsi ini terpengaruh estimates and assumptions are subject to risk and
oleh risiko dan ketidakpastian. Oleh karena itu, uncertainty. Therefore, there is possibility that
terdapat kemungkinan bahwa perubahan keadaan changes in circumstances will impact these
dapat mempengaruhi proyeksi tersebut, yang akan projections, which may impact the recoverable
berpengaruh terhadap jumlah terpulihkan. amount.
Asumsi-asumsi utama yang digunakan untuk The key assumptions used to determine the
menentukan jumlah terpulihkan untuk beberapa recoverable amount for the different Cash
Unit Penghasil Kas diungkapkan pada Catatan 18. Generating Units are disclosed in Note 18.
236 PT Medco Energi Internasional Tbk 2024 Annual Report
75
Page 239
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Imbalan Pensiun dan Imbalan Pasca Kerja Lainnya Pension and Other Post-Employment Benefits
Penentuan kewajiban dan biaya pensiun dan The determination of the Group’s obligations and
imbalan pasca kerja lainnya Grup bergantung pada cost for pension and other post-employment
pemilihan asumsi yang digunakan oleh aktuaris benefits is dependent on the assumptions used by
independen. Asumsi tersebut meliputi tingkat the independent actuaries. These assumptions
diskonto, tingkat kenaikan gaji tahunan, tingkat include discount rates, future annual salary
pengunduran diri karyawan tahunan, tingkat increases, annual employee turn-over rate,
kecacatan, umur pensiun dan tingkat kematian. disability rate, retirement age and mortality rate.
Grup berkeyakinan bahwa asumsi tersebut adalah While the Group believes that its assumptions are
wajar dan sesuai, namun dikarenakan sifat jangka reasonable and appropriate, due to the long-term
panjang dari liabilitas ini, estimasi tersebut adalah nature of these obligations, such estimates are
subyek dari ketidakpastian yang signifikan. subject to significant uncertainty. Further details of
Penjelasan lebih rinci diungkapkan dalam Catatan the Group’s long-term employee benefit liabilities
42. are disclosed in Note 42.
Aset Pajak Tangguhan Deferred Tax Assets
Aset pajak tangguhan diakui atas seluruh rugi fiskal Deferred tax assets are recognized for all unused
dan beda temporer yang dapat dikurangkan yang tax losses and deductable temporary difference to
belum digunakan sepanjang besar the extent that it is probable that taxable profit will
kemungkinannya bahwa penghasilan kena pajak be available against which the tax losses and
akan tersedia sehingga rugi fiskal tersebut dan deductible temporary difference can be utilized.
beda temporer yang dapat dikurangkan dapat Significant estimation by management are required
digunakan. Estimasi signifikan oleh manajemen to determine the amount of deferred tax assets that
diperlukan dalam menentukan jumlah aset pajak can be recognized, based upon the likely timing and
tangguhan yang dapat diakui, berdasarkan saat the level of future taxable profits, together with
penggunaan dan tingkat penghasilan kena pajak future tax planning strategies.
disertai dengan strategi perencanaan pajak masa
depan.
Pada tanggal 31 Desember 2024 dan 2023, Grup As of December 31, 2024 and 2023, the Group has
memiliki aset pajak tangguhan yang tidak diakui. deferred tax assets that have not been recognized.
Penjelasan lebih rinci diungkapkan dalam Catatan Further details are disclosed in Note 38.
38.
Liabilitas Pembongkaran Aset dan Restorasi Area Asset Abandonment and Site Restoration
Obligations
Grup mengakui provisi untuk liabilitas The Group has recognized provision for asset
pembongkaran aset dan restorasi area terkait abandonment and site restoration obligations
dengan sumur minyak dan gas bumi, fasilitas dan associated with its oil and gas wells, facilities and
infrastruktur terkait. Dalam menentukan nilai provisi, infrastructures. In determining the amount of the
asumsi dan estimasi yang diperlukan adalah tingkat provision, assumptions and estimations are
diskonto dan biaya yang diharapkan untuk required in relation to discount rates and the
membongkar dan memindahkan semua peralatan expected cost to dismantle and remove all the
dari daerah pengeboran dan restorasi area. structures from the site and restore the site. Further
Penjelasan lebih rinci diungkapkan dalam details are disclosed in Note 51.
Catatan 51.
76
PT Medco Energi Internasional Tbk 2024 Annual Report
237
Page 240
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Estimasi Cadangan Reserve Estimates
Cadangan minyak dan gas bumi terbukti adalah Proved oil and gas reserves are the estimated
perkiraan jumlah minyak mentah dan gas alam quantities of crude oil and natural gas which
yang berdasarkan data geologis dan teknis dapat geological and engineering data demonstrate with
diambil dengan tingkat kepastian yang memadai di reasonable certainty to be recoverable in future
tahun-tahun mendatang dari cadangan yang ada years from known reservoirs under existing
berdasarkan kondisi ekonomi dan operasi yang economic and operating conditions, for example
sekarang ada, misalnya terkait dengan harga dan price and cost on the date the estimate was made.
biaya pada tanggal estimasi tersebut dibuat. Proved reserves include:
Cadangan terbukti meliputi:
(i) cadangan terbukti dikembangkan: jumlah (i) proved developed reserves: amounts of
hidrokarbon yang diharapkan akan diambil hydrocarbons that are expected to be
melalui metode sumur, fasilitas, dan operasi retrieved through existing wells, facilities and
yang sekarang ada; dan operating methods; and
(ii) cadangan terbukti yang belum dikembangkan: (ii) proved undeveloped reserves: amounts of
jumlah hidrokarbon yang diharapkan dapat hydrocarbons that are expected to be
diambil setelah adanya pengeboran, fasilitas retrieved following new drilling, facilities and
dan metode operasi baru. operating methods.
Akurasi dari cadangan terbukti tergantung pada The accuracy of proved reserve estimates depends
sejumlah faktor, asumsi dan variabel seperti: on a number of factors, assumptions and variables
kualitas data geologi, teknis dan ekonomi yang such as: the quality of available geological,
tersedia beserta interpretasi dan pertimbangan technical and economic data available along with
terkait, hasil pengeboran, pengujian dan produksi related interpretation and judgment, results of
setelah tanggal estimasi, kinerja produksi reservoir, drilling, testing and production after the date of the
teknik produksi, proyeksi tingkat produksi di masa estimates, the production performance of the
mendatang, estimasi besaran biaya dan waktu reservoirs, production techniques, projecting future
terjadinya pengeluaran pengembangan, rates of production, the anticipated cost and timing
ketersediaan pasar komersial, harga komoditi yang of development expenditures, the availability for
diharapkan, dan nilai tukar. commercial market, anticipated commodity prices,
and exchange rates.
Karena asumsi ekonomis yang digunakan untuk As the economic assumptions used to estimate
mengestimasi cadangan berubah dari waktu ke reserves change from year to year, and additional
waktu dan tambahan data geologi yang dihasilkan geological data are generated during the course of
selama operasi, estimasi cadangan dapat berubah operations, estimates of reserves may change from
dari waktu ke waktu. Perubahan cadangan yang year to year. Changes in reported reserves may
dilaporkan dapat mempengaruhi hasil dan posisi affect the Group’s financial results and financial
keuangan Grup dalam berbagai cara, di antaranya: position in a number of ways, including:
- Penyusutan dan amortisasi yang ditentukan - Depreciation and amortization which are
berdasarkan unit produksi, atau jika masa determined on a unit of production basis, or where
manfaat ekonomi sumur aset berubah. the useful economic lives of assets change.
- Provisi biaya pembongkaran, restorasi lokasi aset - Decommissioning, site restoration and
dan hal-hal yang berkaitan dengan lingkungan environmental provision may change where
dapat berubah apabila terjadi perubahan dalam changes in estimated reserves that affect
perkiraan cadangan yang mempengaruhi expectations about the timing or cost of these
ekspektasi tentang waktu atau biaya kegiatan ini. activities.
- Nilai tercatat aset/liabilitas pajak tangguhan dapat - The carrying value of deferred tax assets/liabilities
berubah karena perubahan estimasi pemulihan may change due to changes in estimation of the
manfaat pajak. likely recovery of the tax benefits.
238 PT Medco Energi Internasional Tbk 2024 Annual Report
77
Page 241
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
3. PERTIMBANGAN, ESTIMASI DAN ASUMSI 3. SIGNIFICANT ACCOUNTING JUDGMENTS,
AKUNTANSI YANG SIGNIFIKAN (lanjutan) ESTIMATES AND ASSUMPTIONS (continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Unit produksi (UOP) depresiasi aset minyak dan Units of production (UOP) depreciation of oil and
gas bumi gas properties
Aset minyak dan gas bumi didepresiasi Oil and gas properties are depreciated using the
menggunakan metode unit produksi (UOP) units of production (UOP) method over total proved
berdasarkan cadangan terbukti dikembangkan dan developed and proved undeveloped reserves. This
cadangan terbukti belum dikembangkan. Hal ini results in a depreciation/amortization charged
menghasilkan depresiasi/amortisasi yang proportional to the depletion of the anticipated
dibebankan proporsional dengan deplesi dari sisa remaining production from the block/asset.
produksi blok/aset yang diantisipasi.
Umur setiap aset, yang dinilai tiap tahun, The life of each item, which is assessed at least
memperhitungakan batas umur fisik aset dan annually, has regard to both its physical life
penilaian kini jumlah terpulihkan ekonomis dari blok limitations and present assessments of
dimana aset berada. Perhitungan ini memerlukan economically recoverable reserves of the block at
estimasi dan asumsi, termasuk jumlah cadangan which the asset is located. These calculations
yang dapat dipulihkan dan estimasi belanja modal require the use of estimates and assumptions,
masa depan. Perhitungan tarif UOP depresiasi dan including the amount of recoverable reserves and
amortisasi akan berdampak bila produksi aktual di estimates of future capital expenditure. The
masa depan berbeda dengan perkiraan masa kini calculation of the UOP rate of depreciation and
berdasarkan jumlah cadangan terbukti, atau amortization will be impacted to the extent that
perubahan estimasi belanja modal masa depan. actual production in the future is different from
current forecast production based on total proved
reserves, or future capital expenditure estimates
change.
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
2024 2023
Kas 53.218 51.753 Cash on hand
Bank Cash in banks
Pihak berelasi Related party
Rupiah Rupiah
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 2.405.799 17.933.713 1906 Tbk
Dolar Amerika Serikat United States Dollar
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 3.054.307 2.381.328 1906 Tbk
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Mandiri (Persero) Tbk 47.204.899 24.311.662 PT Bank Mandiri (Persero) Tbk
PT Bank Maybank Indonesia Tbk 9.611.666 266.090 PT Bank Maybank Indonesia Tbk
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 5.751.711 4.760.890 (Persero) Tbk
PT Bank Syariah Indonesia Tbk 2.353.524 1.621.821 PT Bank Syariah Indonesia Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 1.371.548 1.474.348 (Persero) Tbk
CITIBANK N.A. 1.152.464 234.433 CITIBANK N.A.
MUFG Bank Ltd 73.604 974.984 MUFG Bank Ltd
PT Bank Tabungan Negara Syariah – 1.930.401 PT Bank Tabungan Negara Syariah
Lain-lain (masing-masing di bawah
AS$500.000) 125.342 289.201 Others (each below US$500,000)
78
PT Medco Energi Internasional Tbk 2024 Annual Report
239
Page 242
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
2024 2023
Bank (lanjutan) Cash in banks (continued)
Pihak ketiga (lanjutan) Third parties (continued)
Dolar Amerika Serikat United States Dollar
PT Bank Mandiri (Persero) Tbk 95.756.518 56.693.157 PT Bank Mandiri (Persero) Tbk
Australia and New Zealand Banking Australia and New Zealand Banking
Group Ltd 84.300.145 58.921.588 Group Ltd
Ing Bank 51.562.076 – Ing Bank
Standard Chartered Bank 37.140.030 11.134.397 Standard Chartered Bank
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 32.203.493 32.725.136 (Persero) Tbk
The Hongkong and Shanghai The Hongkong and Shanghai
Banking Corporation Ltd 12.004.365 3.825.148 Banking Corporation Ltd
Alizz Islamic Bank 6.787.217 7.436.885 Alizz Islamic Bank
PT Bank DBS Indonesia 5.906.863 458.248 PT Bank DBS Indonesia
CITIBANK N.A. 4.775.126 1.785.179 CITIBANK N.A.
PT Bank QNB Indonesia Tbk 3.436.282 118.147 PT Bank QNB Indonesia Tbk
MUFG Bank Ltd 1.398.182 15.206.633 MUFG Bank Ltd
PT Bank Syariah Indonesia Tbk 622.027 9.984.112 PT Bank Syariah Indonesia Tbk
Lain-lain (masing-masing di bawah
AS$500.000) 508.874 595.992 Others (each below US$500,000)
Dolar Singapura Singapore Dollar
CITIBANK N.A. 746.047 234.874 CITIBANK N.A.
DBS Bank Singapore Ltd 713.507 189.583 DBS Bank Singapore Ltd
Lain-lain (masing-masing di bawah
AS$500.000) – 4.868 Others (each below US$500,000)
Riyal Oman Omani rial
Alizz Islamic Bank 1.344.278 38.912 Alizz Islamic Bank
Muscat Bank 103.514 602.680 Muscat Bank
Baht Thailand Thailand Baht
The Hongkong and Shanghai The Hongkong and Shanghai
Banking Corporation Ltd 3.921.612 1.308.963 Banking Corporation Ltd
Standard Chartered Bank 7.204 2.149.997 Standard Chartered Bank
Lain-lain (masing-masing di bawah
AS$500.000) – 283 Others (each below US$500,000)
Mata uang asing lainnya 185.325 494.863 Other foreign currencies
Sub-jumlah 416.527.549 260.088.516 Sub-total
240 PT Medco Energi Internasional Tbk 2024 Annual Report
79
Page 243
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
2024 2023
Setara kas Cash equivalents
Deposito berjangka Time deposits
Pihak berelasi Related party
Rupiah Rupiah
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 20.758.569 10.797.223 1906 Tbk
Dolar Amerika Serikat United States Dollar
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 41.000.000 36.500.000 1906 Tbk
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 1.918.079 3.308.251 (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 1.237.471 648.677 (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 1.222.003 1.410.872 PT Bank Mandiri (Persero) Tbk
Dolar Amerika Serikat United States Dollar
Bank of New York Mellon 51.766.975 – Bank of New York Mellon
The Hongkong and Shanghai The Hongkong and Shanghai
Banking Corporation Ltd 50.840.584 – Banking Corporation Ltd
PT Bank Mandiri (Persero) Tbk 35.250.000 33.000.000 PT Bank Mandiri (Persero) Tbk
Australia and New Zealand Banking Australia and New Zealand Banking
Group Ltd 12.950.000 8.143.661 Group Ltd
PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 3.500.000 – (Persero) Tbk
Sub-jumlah 220.443.681 93.808.684 Sub-total
Jumlah 637.024.448 353.948.953 Total
Rekening di bank memiliki tingkat bunga Accounts in banks earn interest at floating rates
mengambang sesuai dengan tingkat penawaran based on the offered rate from each bank.
pada masing-masing bank.
2024 2023
Tingkat bunga per tahun Interest rates per annum
Deposito berjangka Time deposits
Rupiah 2,25% - 6,50% 2,25% - 6,50% Rupiah
Dolar Amerika Serikat 1,00% - 5,60% 0,20% - 5,43% United States Dollar
Tidak ada kas dan setara kas yang dijaminkan There are no cash and cash equivalents that are
sebagai jaminan pada tanggal 31 Desember 2024 pledged as collateral as of December 31, 2024 and
dan 2023. 2023.
Kas dan setara kas termasuk kas yang ditempatkan Cash and cash equivalents includes the cash
ke dalam rekening khusus devisa hasil ekspor dari placed in a special account for foreign exchange
sumber daya alam sesuai dengan Peraturan export proceeds from natural resources in
Pemerintah No. 36 Tahun 2023. accordance with the Government Regulation No. 36
of 2023.
80
PT Medco Energi Internasional Tbk 2024 Annual Report
241
Page 244
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
5. INVESTASI JANGKA PENDEK 5. SHORT-TERM INVESTMENTS
Akun ini terdiri dari: This account consists of:
2024 2023
Surat berharga yang diperdagangkan Marketable securities-for trading
Dolar Amerika Serikat United States Dollar
Dana kelolaan bank dan institusi Managed funds by banks and
keuangan 11.025.523 10.997.817 financial institution
Dana kelolaan bank dan institusi keuangan terdiri Investments in managed funds by banks and
dari saham-saham perusahaan publik, pendapatan financial institution consists of shares of listed
tetap/surat utang, pasar uang dan instrumen companies, fixed income/notes, money market and
keuangan lainnya. other financial instruments.
6. PIUTANG USAHA 6. TRADE RECEIVABLES
Rincian dari akun ini adalah sebagai berikut: The details of this account are as follows:
a. Berdasarkan pelanggan a. By customer
2024 2023
Pihak berelasi Related parties
PT Api Metra Graha 8.442 – PT Api Metra Graha
PT Bahtera Daya Makmur – 69.401 PT Bahtera Daya Makmur
Sub-jumlah 8.442 69.401 Sub-total
Pihak ketiga Third parties
Pelanggan luar negeri 183.287.077 177.554.669 Foreign customers
Pelanggan dalam negeri 178.673.554 170.906.367 Local customers
Sub-jumlah 361.960.631 348.461.036 Sub-total
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian (657.216) (666.588) credit losses
Neto 361.303.415 347.794.448 Net
Jumlah 361.311.857 347.863.849 Total
242 PT Medco Energi Internasional Tbk 2024 Annual Report
81
Page 245
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
6. PIUTANG USAHA (lanjutan) 6. TRADE RECEIVABLES (continued)
b. Berdasarkan umur b. By aging category
2024 2023
Lancar dan tidak mengalami
penurunan nilai 315.909.615 326.322.221 Neither past due nor impaired
Telah jatuh tempo dan tidak
mengalami penurunan nilai: Past due and not impaired:
1 - 30 hari 22.375.108 13.972.279 1 - 30 days
31 - 60 hari 5.367.493 2.228.907 31 - 60 days
61 - 90 hari 4.400.942 409.971 61 - 90 days
91 - 120 hari 2.450.163 317.678 91 - 120 days
Lebih dari 120 hari 10.808.536 4.612.793 More than 120 days
Telah jatuh tempo dan mengalami
penurunan nilai: Past due and impaired:
Lebih dari 120 hari 657.216 666.588 More than 120 days
Jumlah 361.969.073 348.530.437 Total
Akumulasi penyisihan kerugian kredit Accumulated provision for expected
ekspektasian (657.216) (666.588) credit losses
Neto 361.311.857 347.863.849 Net
Piutang usaha tidak dikenakan bunga dan Trade receivables are non-interest bearing and
umumnya dikenakan syarat pembayaran generally on 30 to 35 days term of payment.
selama 30 sampai dengan 35 hari.
c. Berdasarkan mata uang c. By currency
2024 2023
Dolar Amerika Serikat 343.711.231 335.277.356 United States Dollar
Rupiah 18.257.842 13.253.081 Rupiah
Jumlah 361.969.073 348.530.437 Total
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian (657.216) (666.588) credit losses
Neto 361.311.857 347.863.849 Net
d. Akumulasi penyisihan kerugian kredit d. Accumulated provision for expected credit
ekspektasian losses
Perubahan dalam penyisihan kerugian kredit The changes in the provision for expected credit
ekspektasian adalah sebagai berikut: losses are as follows:
2024 2023
Saldo awal tahun 666.588 728.049 Balance at beginning of year
Penyisihan selama tahun berjalan (9.372) – Provision during the year
Selisih kurs – (61.461) Foreign exchange differences
Saldo akhir tahun 657.216 666.588 Balance at end of year
82
PT Medco Energi Internasional Tbk 2024 Annual Report
243
Page 246
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
6. PIUTANG USAHA (lanjutan) 6. TRADE RECEIVABLES (continued)
d. Akumulasi penyisihan kerugian kredit d. Accumulated provision for expected credit
ekspektasian (lanjutan) losses (continued)
Tabel di bawah ini menunjukkan kualitas kredit The table below shows the credit quality and the
dan eksposur maksimum terhadap risiko kredit maximum exposure to credit risk based on the
berdasarkan peringkat risiko kredit pelanggan customers credit risk rating from published
dari lembaga pemeringkat yang dipublikasikan rating agencies as of December 31, 2024 and
per 31 Desember 2024 dan 2023: 2023:
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
2024 Expected credit loss rate Expected credit loss 2024
Piutang usaha : range Trade receivables:
Pengelompokan Performing bucket
Tingkat tinggi 0,001% - 0,026% 9.065 High grade
Tingkat standar 0,066% - 0,219% 295.682 Standard grade
Tingkat rendah – – Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100% 352.469 Individually impaired
Jumlah 657.216 Total
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
2023 Expected credit loss rate Expected credit loss 2023
Piutang usaha : range Trade receivables:
Pengelompokan Performing bucket
Tingkat tinggi 0,017%-0,017% 2.536 High grade
Tingkat standar 0,044%-0,224% 314.263 Standard grade
Tingkat rendah – – Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100 % 349.789 Individually impaired
Jumlah 666.588 Total
Piutang usaha dari pelanggan tertentu Trade receivables from certain customers are
dijaminkan sebagai jaminan untuk pinjaman pledged as collaterals for several bank loans
bank (Catatan 28). (Note 28).
Grup telah menerapkan metode yang The Group applies the simplified approach to
disederhanakan untuk menghitung kerugian calculate for expected credit losses as
kredit ekspektasian sesuai dengan PSAK 109 prescribed by PSAK 109, which permits the use
yang mengizinkan penggunaan cadangan of the lifetime expected loss provision for all
kerugian ekspektasian seumur hidup untuk trade receivables. To measure the expected
seluruh piutang usaha. Untuk mengukur credit losses, trade receivables have been
kerugian kredit ekspektasian, piutang usaha grouped based on customer credit rating.
telah dikelompokkan berdasarkan peringkat
kredit pelanggan.
Manajemen berkeyakinan bahwa penyisihan The management believes that the provisions
kerugian kredit ekspektasian cukup untuk for expected credit losses are sufficient to cover
menutup kemungkinan kerugian atas losses from impairment of such receivables.
penurunan nilai piutang terkait.
244 PT Medco Energi Internasional Tbk 2024 Annual Report
83
Page 247
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN 7. OTHER RECEIVABLES
Akun ini terdiri dari: This account consists of:
a. Berdasarkan jenis a. By party/nature
2024 2023
Pihak berelasi Related parties
PT Medco Daya Natuna 54.692.852 5.378.331 PT Medco Daya Natuna
PT Medco Daya Makmur 28.267.514 29.215.178 PT Medco Daya Makmur
PT Bahtera Daya Makmur 16.499.829 22.087.029 PT Bahtera Daya Makmur
PT Medco Daya Abadi Lestari 4.680.807 5.235.799 PT Medco Daya Abadi Lestari
Pacific Medco Solar Energy Pte Ltd 3.880.143 1.367.229 Pacific Medco Solar Energy Pte Ltd
PT Medco Daya Energi Nusantara 1.440.036 1.323.083 PT Medco Daya Energi Nusantara
PT Api Metra Graha 196.034 857.130 PT Api Metra Graha
Transasia Pipeline Company Pvt. Ltd. – 24.000 Transasia Pipeline Company Pvt. Ltd.
Jumlah 109.657.215 65.487.779 Total
Bagian jangka panjang 502.193 1.175.893 Long-term portion
Bagian yang jatuh tempo dalam
satu tahun 109.155.022 64.311.886 Current portion
Pihak ketiga Third parties
Pajak Pertambahan Nilai (PPN) yang
dapat ditagihkan 91.677.569 109.825.826 Reimbursable Value Added Tax (VAT)
Piutang Operasi Bersama 36.933.449 66.763.102 Receivables from Joint Operations
Piutang underlifting 29.276.329 17.495.082 Underlifting receivable
Piutang atas uang muka 12.428.664 13.494.420 Advance receivables
Pinjaman karyawan 6.234.387 6.719.259 Loans to employees
Lain-lain (masing-masing dibawah
AS$3.000.000) 8.989.088 8.298.025 Others (each below US$3,000,000)
Jumlah 185.539.486 222.595.714 Total
Bagian jangka panjang 63.340.765 60.826.280 Long-term portion
Akumulasi penyisihan kerugian kredit Accumulated provision for expected
ekspektasian dan cadangan credit losses and allowance for
penurunan nilai (48.028.483) (45.130.508) impairment
Bagian jangka panjang - neto 15.312.282 15.695.772 Long-term portion - net
Bagian yang jatuh tempo dalam satu
tahun 122.198.721 161.769.434 Current portion
Akumulasi penyisihan kerugian kredit Accumulated provision for expected
ekspektasian dan cadangan credit losses and allowance for
penurunan nilai (1.265.412) (3.936.782) impairment
Bagian yang jatuh tempo dalam
satu tahun - neto 120.933.309 157.832.652 Current portion - net
84
PT Medco Energi Internasional Tbk 2024 Annual Report
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Page 248
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN (lanjutan) 7. OTHER RECEIVABLES (continued)
b. Berdasarkan mata uang b. By currency
2024 2023
Dolar Amerika Serikat 185.469.689 163.098.390 United States Dollar
Rupiah 105.319.806 121.661.989 Rupiah
Baht Thailand 2.486.609 1.380.120 Thailand Baht
Dolar Singapura 1.327.631 1.367.624 Singapore Dollar
Euro 592.966 575.370 Euro
Jumlah 295.196.701 288.083.493 Total
Bagian jangka panjang 63.842.958 62.002.173 Long-term portion
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian dan cadangan credit losses and allowance for
penurunan nilai (48.028.483) (45.130.508) impairment
Bagian jangka panjang - neto 15.814.475 16.871.665 Long-term portion - net
Bagian yang jatuh tempo dalam satu
tahun 231.353.743 226.081.320 Current portion
Akumulasi penyisihan kerugian Accumulated provision for expected
kredit ekspektasian dan cadangan credit losses and allowance for
penurunan nilai (1.265.412) (3.936.782) impairment
Bagian yang jatuh tempo dalam
satu tahun - neto 230.088.331 222.144.538 Curent portion - net
c. Akumulasi penyisihan kerugian kredit c. Accumulated provision for expected credit
ekspektasian losses
2024 2023
Saldo awal tahun 49.067.290 9.224.621 Balance at beginning of year
Penambahan penyisihan selama
tahun berjalan 511.179 45.309.216 Provision during the year
Penghapusan penyisihan selama
tahun berjalan (284.574) (2.170.880) Write-off during the year
Pemulihan penyisihan selama tahun
berjalan – (3.295.667) Recovery during the year
Saldo akhir tahun 49.293.895 49.067.290 Balance at end of year
Tabel di bawah ini menunjukkan kualitas kredit The table below shows the credit quality and the
dan eksposur maksimum terhadap risiko kredit maximum exposure to credit risk based on the
berdasarkan peringkat risiko kredit pelanggan customers credit risk rating from published
dari lembaga pemeringkat yang dipublikasikan rating agencies as of December 31, 2024 and
per 31 Desember 2024 dan 2023: 2023:
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
2024 Expected credit loss rate Expected credit loss 2024
Piutang lain-lain: range Other receivables:
Pengelompokan Performing bucket
Tingkat tinggi 0,017%-0,017% 12 High grade
Tingkat standar 0,039%-0,114% 186.871 Standard grade
Tingkat rendah – – Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100 % 49.107.012 Individually impaired
Jumlah 49.293.895 Total
246 PT Medco Energi Internasional Tbk 2024 Annual Report
85
Page 249
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN (lanjutan) 7. OTHER RECEIVABLES (continued)
c. Akumulasi penyisihan kerugian kredit c. Accumulated provision for expected credit
ekspektasian (lanjutan) losses (continued)
Tingkat kerugian kredit Kerugian kredit
ekspektasian/ ekspektasian/
2023 Expected credit loss rate Expected credit loss 2023
Piutang lain-lain: Other receivables:
Pengelompokan Performing bucket
Tingkat tinggi – – High grade
Tingkat standar 0,069%-0,120% 191.547 Standard grade
Tingkat rendah – – Low grade
Tidak dikelompokkan Non-performing bucket
Mengalami penurunan
nilai secara individual 100 % 48.875.743 Individually impaired
Jumlah 49.067.290 Total
Pihak berelasi Related parties
a. Piutang dari PT Medco Daya Natuna (“MDN”), a. Receivables from PT Medco Daya Natuna
PT Medco Daya Makmur (“MDM”), PT Bahtera (“MDN”), PT Medco Daya Makmur (“MDM”),
Daya Makmur (“BDM”) dan PT Medco Daya PT Bahtera Daya Makmur (“BDM”) and PT
Energi Nusantara (“MDEN”) merupakan Medco Daya Energi Natuna (“MDEN”) are
piutang operasi bersama masing-masing di receivables from joint operations in South
Laut Natuna Selatan Blok B, Blok Sumatera Natuna Sea Block B, South Sumatera Block,
Selatan, Blok Rimau dan Blok A (Aceh). Rimau Block and Block A (Aceh), respectively.
Piutang atas cash call terkait operasi bersama The receivables from cash call related to joint
blok migas dikenakan bunga atas operations oil and gas blocks are charged with
keterlambatan pembayaran sebesar LIBOR/ late payment interest at LIBOR/SOFR plus
SOFR ditambah margin 2-3% per tahun yang 2-3% per annum which is determined based
ditentukan berdasarkan Joint Operating on the Joint Operating Agreement.
Agreement.
b. Piutang dari PT Medco Daya Abadi Lestari b. Receivable from PT Medco Daya Abadi
(“MDAL”) merupakan piutang atas penjualan Lestari (“MDAL”) represents the receivable on
2% kepemilikan saham MGeoPS Perusahaan the sale of the 2% of MGeoPS shares of the
ke MDAL. Company to MDAL.
c. Piutang dari PT Api Metra Graha (“AMG”) c. Receivable from PT Api Metra Graha (“AMG”)
merupakan piutang terkait sewa ruangan is related to the Company’s office space lease
kantor Perusahaan di gedung The Energy. in The Energy building.
d. Piutang dari Pacific Medco Solar Energy Pte d. Receivables from Pacific Medco Solar Energy
Ltd. merupakan uang muka sehubungan Pte Ltd. represent advances in connection with
dengan proyek Pulau Bulan. Pulau Bulan Project.
86
PT Medco Energi Internasional Tbk 2024 Annual Report
247
Page 250
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
7. PIUTANG LAIN-LAIN (lanjutan) 7. OTHER RECEIVABLES (continued)
Pihak ketiga Third parties
a. Piutang Pajak Pertambahan Nilai (PPN) yang a. Reimbursable Value Added Tax (VAT)
dapat ditagihkan merupakan PPN yang represents VAT paid by subsidiaries involved
dibayarkan oleh entitas anak yang bergerak di in oil and gas exploration and production in
bidang eksplorasi dan produksi minyak dan Indonesia which are reimbursable from Satuan
gas bumi di Indonesia, yang dapat ditagih Kerja Khusus Pelaksana Kegiatan Usaha Hulu
kembali masing dari Satuan Kerja Khusus Minyak dan Gas Bumi (SKK Migas).
Pelaksana Kegiatan Usaha Hulu Minyak dan
Gas Bumi (SKK Migas).
b. Piutang atas uang muka merupakan uang b. Advance receivables pertain to advances for
muka untuk proyek pembangunan pembangkit power plant construction project. These
listrik. Piutang ini berjangka waktu lebih dari receivables are due more than one year.
satu tahun.
c. Piutang Operasi Bersama merupakan piutang c. Receivables from Joint Operations represent
dari mitra Operasi Bersama yang berkaitan receivables from Joint Operations partners
dengan aktivitas eksplorasi dan produksi relating to oil and gas exploration and
minyak dan gas bumi. production activities.
d. Piutang underlifting merupakan piutang dari d. The underlifting receivables relates to
SKK Migas dan mitra operasi bersama untuk receivables from SKK Migas and joint
anak usaha yang bergerak pada bidang operations partners for subsidiaries engaged
minyak dan gas bumi. in oil and gas sector.
Grup telah menerapkan metode yang The Group applies the simplified approach to
disederhanakan untuk menghitung kerugian kredit calculate expected credit losses prescribed by
ekspektasian sesuai dengan PSAK 109 yang PSAK 109 which permits the use of the lifetime
mengizinkan penggunaan cadangan kerugian expected loss provision for all trade and other
ekspektasian seumur hidup untuk seluruh piutang receivables. To measure the expected credit
usaha dan lain-lain. Untuk mengukur kerugian losses, other receivables have been grouped based
kredit ekspektasian, piutang lain-lain telah on credit rating of each counterparty.
dikelompokkan berdasarkan peringkat kredit setiap
rekanan.
Manajemen berkeyakinan bahwa penyisihan The management believes that the provisions for
kerugian kredit ekspektasian piutang lain-lain cukup expected credit losses of other receivables are
untuk menutup kemungkinan kerugian atas sufficient to cover losses from impairment of the
penurunan nilai piutang lain-lain. other receivables.
248 PT Medco Energi Internasional Tbk 2024 Annual Report
87
Page 251
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
8. PIUTANG SEWA PEMBIAYAAN 8. FINANCE LEASE RECEIVABLES
Akun ini terutama terdiri dari Perjanjian Pembelian This account comprises mainly of Power Purchase
Listrik entitas anak tertentu yang dimiliki oleh PT Agreement of certain subsidiaries of PT Medco
Medco Power Indonesia yang dicatat sebagai sewa Power Indonesia that are accounted for as finance
pembiayaan dan sublease aset hak guna. Syarat leases and sublease of right-of-use assets. The
perjanjian kontraktual sewa disajikan pada Catatan terms of the contractual lease arrangements are
49b. disclosed in Note 49b.
Pembayaran sewa minimum di masa mendatang The future minimum lease payments under finance
dalam sewa pembiayaan dengan nilai kini lease with the present value of the net minimum
pembayaran sewa minimum adalah sebagai lease payments are as follows:
berikut:
2024 2023
Kurang dari satu tahun 42.529.075 49.837.326 Within one year
Lebih dari satu tahun sampai lima After one year but not more than five
tahun 101.207.621 79.283.812 years
Lebih dari lima tahun 48.062.491 85.442.518 More than five years
Jumlah 191.799.187 214.563.656 Total
Dikurangi jumlah yang terkait dengan
bunga (67.668.736) (80.391.283) Less amount applicable to interest
Nilai kini dari pembayaran sewa Present value of minimum lease
minimum 124.130.451 134.172.373 payments
Penyesuaian nilai wajar 26.662.272 28.455.838 Fair value adjustment
Jumlah 150.792.723 162.628.211 Total
Dikurangi bagian yang jatuh tempo
dalam satu tahun (30.826.137) (38.149.716) Less current maturities
Bagian jangka panjang - neto 119.966.586 124.478.495 Long-term maturities - net
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, all finance
piutang sewa pembiayaan telah diasuransikan lease receivables were insured with various
kepada berbagai perusahaan asuransi insurance companies (Note 15). Management
(Catatan 15). Manajemen memiliki keyakinan believes that the insurance coverage is adequate to
bahwa nilai pertanggungan cukup untuk menutupi cover possible losses on the assets insured.
kemungkinan kerugian atas aset yang
dipertanggungkan.
Berdasarkan penelaahan status akun piutang sewa Based on the review of finance lease receivables as
pembiayaan pada tanggal 31 Desember 2024 dan of December 31, 2024 and 2023, management is of
2023, manajemen berpendapat bahwa seluruh the opinion that all finance lease receivables are
piutang sewa pembiayaan dapat direalisasikan dan realizable and no provision for impairment is
tidak ada penyisihan kerugian penurunan nilai yang necessary to be provided.
dibutuhkan.
Aset proyek tertentu dalam akun piutang sewa Certain project assets in finance lease receivables
pembiayaan tertentu digunakan sebagai jaminan account are used as collateral to the loans obtained
atas utang yang diperoleh oleh Entitas Anaknya by its Subsidiaries (Note 28).
(Catatan 28).
88
PT Medco Energi Internasional Tbk 2024 Annual Report
249
247
Page 252
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
9. ASET KEUANGAN KONSESI 9. CONCESSION FINANCIAL ASSETS
Akun ini merupakan piutang dari PT Perusahaan This account represents receivable from PT
Listrik Negara (Persero) (“PLN”) terkait Kontrak Perusahaan Listrik Negara (Persero) (“PLN”)
Penjualan Energi kepada PT Medco Cahaya related to the Energy Sales Contract with PT Medco
Geothermal (“MCG”), PT Medco Ratch Power Riau Cahaya Geothermal (“MCG”), PT Medco Ratch
(“MRPR”) dan PT Medcosolar Bali Timur (“MSBT”) Power Riau (“MRPR”) and PT Medcosolar Bali
yang dicatat sebagai konsesi jasa. Pergerakan dari Timur (“MSBT”) that are accounted for as service
aset konsesi adalah sebagai berikut: concession arrangement. The movements in the
concession financial assets are as follows:
2024 2023
Saldo awal 493.871.285 332.188.019 Beginning balance
Penambahan: Additions:
Pendapatan konstruksi 80.607.801 163.491.839 Construction revenue
Finance income from service
Pendapatan bunga dari jasa konsesi 37.807.226 31.274.606 concession
Penerimaan dari PLN (31.554.809) (33.062.123) Collection from PLN
Penyesuaian translasi – (21.056) Translation adjustment
Jumlah 580.731.503 493.871.285 Total
Dikurangi bagian yang jatuh
tempo dalam satu tahun 33.383.537 32.833.257 Less current maturities
Bagian jangka panjang - neto 547.347.966 461.038.028 Long-term maturities - net
Berdasarkan penelaahan status akun-akun aset Based on the review of concession financial assets
keuangan konsesi pada 31 Desember 2024 dan as of December 31, 2024 and 2023, management is
2023, manajemen berpendapat bahwa seluruh aset of the opinion that all concession financial assets
keuangan konsesi dapat direalisasikan dan tidak are realizable and no provision for impairment is
ada penyisihan kerugian penurunan nilai yang necessary to be provided.
dibutuhkan.
10. PERSEDIAAN 10. INVENTORIES
Persediaan terdiri dari: Inventories consist of:
2024 2023
Suku cadang, perlengkapan sumur
dan lainnya 142.487.608 121.133.223 Spareparts, well supplies and others
Persediaan minyak mentah 13.913.875 5.912.015 Crude oil inventories
Jumlah 156.401.483 127.045.238 Total
Akumulasi cadangan keusangan dan Accumulated allowance for
penurunan nilai (276.885) (276.885) obsolescence and decline in value
Neto 156.124.598 126.768.353 Net
250
248 PT Medco Energi Internasional Tbk 2024 Annual Report
89
Page 253
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
10. PERSEDIAAN (lanjutan) 10. INVENTORIES (continued)
Jumlah persediaan yang diakui sebagai beban Total inventories recognized as expense for the
untuk tahun yang berakhir pada tanggal 31 years ended December 31, 2024 and 2023
Desember 2024 dan 2023 masing-masing sebesar amounted to US$17.2 million and US$10.1 million,
AS$17,2 juta dan AS$10,1 juta, yang disajikan pada respectively, which are presented in the cost of
beban pokok pendapatan (biaya produksi dan revenue (production and lifting costs).
lifting).
Pada tanggal 31 Desember 2024 dan 2023, seluruh As of December 31, 2024 and 2023, all inventories
persediaan telah diasuransikan kepada berbagai were insured with various insurance companies
perusahaan asuransi (Catatan 15 dan 18). (Notes 15 and 18). Management believes that the
Manajemen memiliki keyakinan bahwa nilai insurance coverage is adequate to cover possible
pertanggungan cukup untuk menutupi kemungkinan losses on the assets insured.
kerugian atas aset yang dipertanggungkan.
Pada tanggal 31 Desember 2024 dan 2023, tidak As of December 31, 2024 and 2023, there are no
ada persediaan yang dijaminkan sebagai jaminan. inventories that are pledged as collateral.
Perubahan dalam cadangan keusangan dan The changes in the allowance for obsolescence and
penurunan nilai adalah sebagai berikut: decline in value are as follows:
2024 2023
Saldo awal tahun 276.885 934.662 Balance at beginning of year
Penghapusan penyisihan selama
tahun berjalan – (657.777) Write-off in provision during the year
Saldo akhir tahun 276.885 276.885 Balance at end of year
Berdasarkan hasil penelaahan terhadap kondisi Based on the review of the physical condition and
fisik dan nilai realisasi neto dari persediaan pada net realizable values of inventories as of December
tanggal 31 Desember 2024 dan 2023, manajemen 31, 2024 and 2023, management is of the opinion
berpendapat bahwa cadangan keusangan dan that the allowance for obsolescence and decline in
penurunan nilai persediaan adalah cukup. value is adequate.
11. PAJAK DIBAYAR DIMUKA DAN ESTIMASI 11. PREPAID TAXES AND ESTIMATED CLAIMS FOR
PENGEMBALIAN PAJAK TAX REFUNDS
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
a. Pajak dibayar dimuka a. Prepaid taxes
2024 2023
Perusahaan The Company
Pajak Pertambahan Nilai (PPN) 660.379 631.319 Value Added Tax (VAT)
Sub-jumlah 660.379 631.319 Sub-total
Entitas anak Subsidiaries
PPN 1.087.618 1.041.752 VAT
Lebih bayar Pajak Penghasilan
Badan 512.792 4.258.957 Corporate Income Tax overpayments
Sub-jumlah 1.600.410 5.300.709 Sub-total
Jumlah 2.260.789 5.932.028 Total
90
PT Medco Energi Internasional Tbk 2024 Annual Report
251
249
Page 254
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
11. PAJAK DIBAYAR DIMUKA DAN ESTIMASI 11. PREPAID TAXES AND ESTIMATED CLAIMS FOR
PENGEMBALIAN PAJAK (LANJUTAN) TAX REFUNDS (CONTINUED)
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
b. Estimasi pengembalian pajak b. Estimated claims for tax refunds
2024 2023
Perusahaan The Company
Pajak Penghasilan Badan Corporate Income Tax
Tahun 2024 17.973 – Year 2024
Tahun 2023 4.619 – Year 2023
Tahun 2022 – 771.196 Year 2022
Sub-jumlah 22.592 771.196 Sub-total
Entitas anak Subsidiaries
Pajak Penghasilan Badan Corporate Income Tax
Tahun 2024 2.335.288 – Year 2024
Tahun 2023 1.764.028 1.552.520 Year 2023
Tahun 2020 142.249 182.709 Year 2020
Tahun 2019 430.159 1.053.577 Year 2019
Tahun 2018 – 140.961 Year 2018
Tahun 2016 – 254.434 Year 2016
PPN VAT
Tahun 2024 1.180.412 – Year 2024
Tahun 2023 4.376 – Year 2023
Tahun 2020 48.840 51.203 Year 2020
Tahun 2019 165.047 90.089 Year 2019
Tahun 2018 49.030 51.403 Year 2018
Tahun 2016 255.811 96.700 Year 2016
Sub-jumlah 6.375.240 3.473.596 Sub-total
Jumlah 6.397.832 4.244.792 Total
Dikurangi bagian yang jatuh tempo
dalam satu tahun (1.776.473) – Less current maturities
Bagian jangka panjang 4.621.359 4.244.792 Long-term maturities
12. BEBAN DIBAYAR DI MUKA 12. PREPAID EXPENSES
Akun ini terdiri dari beban dibayar di muka jangka This account consists of short-term prepayments
pendek sebagai berikut: with details as follows:
2024 2023
Asuransi 4.678.582 5.870.124 Insurance
Sewa 3.469.847 2.811.551 Rental
Lain-lain 1.423.595 1.923.272 Others
Jumlah 9.572.024 10.604.947 Total
252
250 PT Medco Energi Internasional Tbk 2024 Annual Report
91
Page 255
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
13. DEPOSITO DAN REKENING BANK YANG 13. RESTRICTED TIME DEPOSITS AND CASH IN
DIBATASI PENGGUNAANNYA BANKS
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
2024 2023
Lancar Current
Pihak ketiga Third party
Rupiah Rupiah
Rekening bank yang dibatasi penggunaannya Restricted cash in banks
PT Bank Negara Indonesia (Persero) Tbk – 533.820 PT Bank Negara Indonesia (Persero) Tbk
Deposito yang dibatasi penggunaannya Restricted time deposit
PT Bank Rakyat Indonesia (Persero) Tbk 1.532.603 1.689.320 PT Bank Rakyat Indonesia (Persero) Tbk
Dolar Amerika Serikat United States Dollar
Rekening bank yang dibatasi penggunaannya Restricted cash in banks
Bank of New York Mellon 38.272.581 38.909.279 Bank of New York Mellon
DBS Bank Ltd 10.729.872 10.487.835 DBS Bank Ltd
Standard Chartered Bank - Cabang Standard Chartered Bank - Singapore
Singapura 9.108.765 18.265.668 Branch
PT Bank Syariah Indonesia Tbk 767.804 900.776 PT Bank Syariah Indonesia Tbk
Jumlah 60.411.625 70.786.698 Total
Tidak lancar Non-current
Pihak berelasi Related party
Rupiah Rupiah
Rekening bank yang dibatasi penggunaannya Restricted cash in banks
PT Bank Woori Saudara Indonesia 1906 Tbk – 134.709 PT Bank Woori Saudara Indonesia 1906 Tbk
Jumlah – 134.709 Total
2024 2023
Tingkat bunga per tahun Interest rate per annum
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya banks
Rupiah 3,75% - 5,00% 3,00% - 4,00% Rupiah
Dolar Amerika Serikat 0,00% - 5,55% 0,00% - 5,53% United States Dollar
92
PT Medco Energi Internasional Tbk 2024 Annual Report
253
251
Page 256
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
13. DEPOSITO DAN REKENING BANK YANG 13. RESTRICTED TIME DEPOSITS AND CASH IN
DIBATASI PENGGUNAANNYA (lanjutan) BANKS (continued)
Bank/ Periode/ Deskripsi/
Bank Period Description
Saldo bank yang dibatasi penggunaannya
(Rupiah)/
Restricted cash in bank (Rupiah)
PT Bank Negara Indonesia (Persero) Tbk 31 Desember 2023/ Debt Service Reserve Account atas fasilitas kredit dari PT Bank
December 31, 2023 Negara Indonesia (Persero) Tbk untuk MPI/
Debt Service Reserve Account for credit facility from PT Bank Negara
Indonesia (Persero) Tbk for MPI.
Deposito berjangka yang dibatasi
penggunaannya (Rupiah)/
Restricted time deposit (Rupiah)
PT Bank Woori Saudara Indonesia 1906 Tbk 31 Desember 2023/ Deposito berjangka entitas anak yang terutama digunakan untuk
December 31, 2023 jaminan utang karyawan/
Subsidiaries’ time deposits used mainly as collateral for employees’
loan.
PT Bank Rakyat Indonesia (Persero) Tbk 31 Desember 2024 dan Jaminan atas penerbitan Bank Garansi untuk Jaminan Pelaksanaan
2023/ di TJB/
December 31, 2024 and
Underlying for Bank Guarantee issued for Performance Bond in TJB.
2023
Saldo bank yang dibatasi penggunaannya
(Dolar AS)/
Restricted cash in bank (US Dollar)
Standard Chartered Bank - Singapore Branch 31 Desember 2024 dan Interest reserve account untuk pembayaran bunga atas obligasi Dolar
2023/ AS yang diterbitkan oleh Medco Platinum Road Pte. Ltd. dan Medco
December 31, 2024 and Oak Tree Pte. Ltd., entitas anak yang dimiliki sepenuhnya/
2023 Interest reserve account for interest payment of US Dollar Bonds
issued by Medco Platinum Road Pte. Ltd. and Medco Oak Tree Pte.
Ltd., wholly-owned subsidiaries.
DBS Bank Ltd 31 Desember 2024 dan Interest reserve account untuk pembayaran bunga atas obligasi Dolar
2023/ AS yang diterbitkan oleh Medco Energi Internasional Tbk. dan Medco
December 31, 2024 and Laurel Tree Pte. Ltd., entitas anak yang dimiliki sepenuhnya/
2023
Interest reserve account for interest payment of US Dollar Bonds
issued by Medco Energi Internasional Tbk. and Medco Laurel Tree
Pte. Ltd., wholly-owned subsidiaries.
Bank of New York Mellon 31 Desember 2024 dan Interest reserve account untuk pembayaran bunga atas obligasi Dolar
2023/ AS yang diterbitkan oleh Medco Bell Pte. Ltd. dan Medco Maple Tree
December 31, 2024 and Pte. Ltd., entitas anak yang dimiliki sepenuhnya/
2023 Interest reserve account for interest payment of US Dollar Bonds
issued by Medco Bell Pte. Ltd. and Medco Maple Tree Pte. Ltd.,
wholly-owned subsidiary.
PT Bank Syariah Indonesia Tbk 31 Desember 2024 dan Debt service account untuk pembayaran pokok pinjaman dan bunga
2023/ atas fasilitas pembiayaan dari PT Bank Syariah Indonesia Tbk untuk
December 31, 2024 and ELB/
2023 Debt service account for loan principal and interest payments on
financing facility from PT Bank Syariah Indonesia Tbk for ELB.
s
n
254
252 PT Medco Energi Internasional Tbk 2024 Annual Report
93
Page 257
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM 14. INVESTMENT IN SHARES
t
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2024
Selisih kurs Nilai tercatat
Nilai tercatat karena 31 Desember
Persentase 1 Januari penjabaran 2024/
kepemilikan 2024/Carrying Penambahan/ laporan Pendapatan Perubahan Carrying
/Percentage value Additions keuangan/ bunga/ ekuitas/ value
of January 1, (Pengurangan) Reklasifikasi/ Translation Interest Equity December
ownership 2024 /(Deductions) Reclassification adjustments income changes 31, 2024
Lancar/Current
Investasi ekuitas pada nilai
wajar melalui laba rugi/
Equity investments at fair
value through profit or loss
Entitas asosiasi/Associates
PT Sumber Mineral
Citra Nusantara
(SMCN) 18,00 % – – 115.657.000 6)
– – – 115.657.000
Jumlah/Total – – 115.657.000 – – – 115.657.000
Tidak lancar/Non-current
Metode ekuitas/Equity
method
Entitas asosiasi/
Associates
PT Amman Mineral
Internasional Tbk.
(AMI) 20,92 % 1.000.635.322 – – (608.563) – 128.193.994 1.128.220.753
PT Api Metra Graha
(AMG) 49,00 % 107.814.797 – – (1.711.127) – 2.048.153 108.151.823
Lain-lain/Others 50,00 % 4.252.677 – – 36.939 – 211.480 4.501.096
Sub-jumlah entitas
asosiasi/Sub-total 1.112.702.796 – – (2.282.751) – 130.453.627 1.240.873.672
Ventura bersama/Joint
venture
PT Transportasi Gas
5)
Indonesia (TGI) 40,00 % – 244.138.107 – – – 1.804.319 245.942.426
PT Medco Geopower
Sarulla (MGeoPS) 49,00 % 148.802.743 – – – – 3.370.068 152.172.811
Transasia Pipeline
Company Pvt. Ltd
("Transasia") 50,00 % 113.001.319 (120.349.626) 5) – – 34.863.487 (27.515.180) –
Sub-jumlah ventura
bersama/Sub-total
joint venture 261.804.062 123.788.481 – – 34.863.487 (22.340.793) 398.115.237
Sub-jumlah metode
ekuitas/Sub-total
equity method 1.374.506.858 123.788.481 – (2.282.751) 34.863.487 108.112.834 1.638.988.909
Investasi ekuitas pada nilai
wajar/
Equity investments at fair
value
PT Donggi Senoro LNG
4)
(DSLNG) 11,11 % 172.942.882 3.728.902 – – – – 176.671.784
PT Sumber Mineral
Citra Nusantara
` (SMCN) 18,00 % 103.525.000 12.132.000 1)
(115.657.000) 6) – – – –
PT Teknologi Data
Infrastruktur (TDI) 5,00 % 2.010.892 2.622.150 – (224.558) – (242.078) 4.166.406
Sub-jumlah investasi
ekuitas pada nilai
wajar/
Sub-total equity
investment at fair
value 278.478.774 18.483.052 (115.657.000) (224.558) – (242.078) 180.838.190
Jumlah/Total 1.652.985.632 142.271.533 (115.657.000) (2.507.309) 34.863.487 107.870.756 1.819.827.099
94
PT Medco Energi Internasional Tbk 2024 Annual Report
255
253
Page 258
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2023
Selisih kurs
Nilai tercatat karena Nilai tercatat
Persentase 1 Januari penjabaran 31 Desember
kepemilikan/ 2023/ Penambahan/ laporan Pendapatan Perubahan 2023/
Percentage Carrying Additions keuangan/ bunga/ ekuitas/ Carrying value
of value January (Pengurangan)/ Translation Interest Equity December 31,
ownership 1, 2023 (Deductions) adjustments income changes 2023
Tidak lancar/Non-current
Metode ekuitas/Equity method
Entitas asosiasi/Associates
PT Amman Mineral
Internasional Tbk. (AMI) 20,92 % 863.803.331 83.516.178 – – 53.315.813 1.000.635.322
PT Api Metra Graha (AMG) 49,00 % 100.994.713 – 551.836 – 6.268.248 107.814.797
Lain-lain/Others 50,00 % 4.280.580 – (17.376) – (10.527) 4.252.677
Sub-jumlah entitas
asosiasi/Sub-total
associate method 969.078.624 83.516.178 534.460 – 59.573.534 1.112.702.796
Ventura bersama/Joint venture
PT Medco Geopower Sarulla
(MGeoPS) 49,00 % 143.509.832 – 3.322.373 – 1.970.538 148.802.743
Transasia Pipeline Company 3)
Pvt. Ltd ("Transasia") 35,00 % 113.469.211 (6.139.291) – 28.471.556 (22.800.157) 113.001.319
Sub-jumlah ventura
bersama/Sub-total joint
venture 256.979.043 (6.139.291) 3.322.373 28.471.556 (20.829.619) 261.804.062
Sub-jumlah metode ekuitas/
Sub-total equity method 1.226.057.667 77.376.887 3.856.833 28.471.556 38.743.915 1.374.506.858
Investasi ekuitas pada nilai wajar/
Equity investments at fair value
PT Donggi Senoro LNG
4)
(DSLNG) 11,11 % 159.687.226 13.255.656 – – – 172.942.882
PT Sumber Mineral Citra
1) 2)
Nusantara (SMCN) 18,00 % 25.115.787 78.409.213 – – – 103.525.000
PT Teknologi Data
Infrastruktur (TDI) 5,00 % – 2.010.892 – – – 2.010.892
Sub-jumlah investasi
ekuitas pada nilai wajar/
Sub-total equity
investment at fair value 184.803.013 93.675.761 – – – 278.478.774
Jumlah/Total 1.410.860.680 171.052.648 3.856.833 28.471.556 38.743.915 1.652.985.632
1) Pada tahun yang berakhir pada 31 Desember 2024 dan 2023, Grup mengakui 1) For the year ended December 31, 2024 and 2023, the Group recognized a gain on
penyesuaian nilai wajar atas investasi pada PT Sumber Mineral Citra Nusantara fair value in PT Sumber Mineral Citra Nusantara amounting US$12,132,000 and
masing-masing sebesar AS$12.132.000 dan AS$45.390.373. US$45,390,373, respectively.
2) Selama tahun yang berakhir 31 Desember 2023, Grup telah melakukan penyetoran 2) During the year ended December 31, 2023, the Group has injected additional capital
modal tambahan sebesar AS$33.018.840 kepada PT Sumber Mineral Citra to PT Sumber Mineral Citra Nusantara (“SMCN”) amounting to US$33,018,840 to
Nusantara (“SMCN”) untuk mempertahankan kepemilikan saham pada SMCN. maintain its share ownership percentage.
3) Pada tahun yang berakhir pada 31 Desember 2023, penambahan/pengurangan 3) For the year ended December 31, 2023, addition/deduction include payment of
termasuk pembayaran pinjaman kepada pemegang saham. shareholder loans.
4) Pada tahun yang berakhir pada 31 Desember 2024 dan 2023, Grup mengakui 4) For the year ended December 31, 2024 and 2023, the Group recognized adjustment
penyesuaian nilai wajar atas investasi pada PT Donggi Senoro LNG (DSLNG) on fair value of investment in PT Donggi Senoro LNG (DSLNG) amounting to
sebesar AS$17.825.902 dan AS$23.761.806. Grup telah menerima pengembalian US$17,825,902 and US$23,761,806. Group has received capital redemptions from
modal dari PT DSLNG sebesar AS$14.097.000 dan AS$10.506.150 masing-masing PT DSLNG amounting to US$14,097,000 and US$10,506,150 in year 2024 and
di tahun 2024 dan 2023. 2023, respectively.
5) Selama tahun 2024, Grup mengakuisisi tambahan 15% dan kemudian 35% 5) In 2024 the Group has acquired additional 15% and subsequently 35% share
kepemilikan saham di Transasia Pipeline Company Pvt. Ltd. (“Transasia”), dimana ownership in Transasia Pipeline Company Pvt. Ltd. (“Transasia”), whereas
Transasia memiliki 40% saham PT Transportasi Gas Indonesia (“TGI”). Dengan Transasia owned 40% share ownership in PT Transportasi Gas Indonesia (“TGI”).
penambahan saham ini maka Grup menjadi memiliki persentase kepemilikan 85% With the acquisition, the Group owns 85% share ownership since the effective date
sejak tanggal efektif pada November 2024, sehingga Grup melakukan konsolidasi in November 2024, therefore the Group consolidated Transasia and has revised the
atas Transasia dan mengakui revisi nilai wajar untuk menunjukkan alokasi harga fair value to reflect the fair purchase price allocation (Note 48) and recorded 40%
pembelian yang wajar (Catatan 48) dan melakukan pencatatan menggunakan investment share in TGI using equity method.
metode ekuitas atas 40% investasi saham di TGI.
6) Pada November 2024, Perusahaan menjual seluruh kepemilikan nya di SMCN 6) In November 2024, the Company sold all of its ownership in SMCN with an agreed
dengan harga kesepakatan AS$115.657.000. price at US$115,657,000.
256
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95
Page 259
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
Tabel berikut menyajikan perubahan ekuitas pada The following table illustrates the equity changes in
entitas asosiasi dan ventura bersama: associates and joint venture:
2024
Dampak
perubahan
Pendapatan transaksi
Persentase Laba (rugi) tahun komprehensif Dividen yang ekuitas/ Effect of
kepemilikan/ berjalan/ Profit lain/ Other dideklarasikan/ changes in
Percentage of (loss) for the comprehensive Dividends equity
ownership year income declared transactions Jumlah/ Total
Entitas asosiasi/Associates
Metode ekuitas/Equity method
PT Amman Mineral Internasional
Tbk. (AMI) 20,92 % 133.238.434 (5.044.440) – – 128.193.994
PT Api Metra Graha (AMG) 49,00 % 2.844.596 (796.443) – – 2.048.153
Lain-lain/Others 50,00 % 211.480 – – – 211.480
Sub-jumlah/Sub-total 136.294.510 (5.840.883) – – 130.453.627
Investasi ekuitas pada nilai wajar/
Equity investments at fair value
PT Teknologi Data Infrastruktur
(TDI) 5,00 % – (242.078) – – (242.078)
Sub-jumlah/Sub-total – (242.078) – – (242.078)
Ventura bersama/Joint venture
Metode ekuitas/Equity method
PT Transportasi Gas Indonesia 1)
(TGI) 40,00 % 1.804.319 – – – 1.804.319
PT Medco Geopower Sarulla
(MGeoPS) 49,00 % 2.517.615 852.453 – – 3.370.068
Transasia Pipeline Company 2)
Pvt. Ltd ("Transasia") 50,00 % (27.515.180) – – – (27.515.180)
Sub-jumlah/Sub-total (23.193.246) 852.453 – – (22.340.793)
Jumlah/Total 113.101.264 (5.230.508) – – 107.870.756
1) Informasi laporan laba rugi bulan berjalan sejak tanggal efektif akuisisi 1) Profit (loss) for the month after the effective date of acquisition
2) Informasi laporan laba rugi tahun berjalan hanya sampai dengan tanggal efektif 2) Profit (loss) for the year is only up to the effective date of acquisition, subsequent
akuisisi, hasil laba rugi setelah tanggal akuisisi dikonsolidasi ke Grup results after acquisition are consolidated to the Group.
2023
Dampak
perubahan
Pendapatan transaksi
Persentase Laba (rugi) tahun komprehensif Dividen yang ekuitas/ Effect of
kepemilikan/ berjalan/ Profit lain/ Other dideklarasikan/ changes in
Percentage of (loss) for the comprehensive Dividends equity
ownership year income declared transactions Jumlah/ Total
Entitas asosiasi/Associates
Metode ekuitas/Equity method
PT Amman Mineral
Internasional Tbk. (AMI) 20,92 % 55.278.667 (1.962.854) – – 53.315.813
PT Api Metra Graha (AMG) 49,00 % 4.236.939 2.031.309 – – 6.268.248
Lain-lain/Others 50,00 % (23.568) 13.041 – – (10.527)
Sub-jumlah/Sub-total 59.492.038 81.496 – – 59.573.534
Ventura bersama/Joint venture
Metode ekuitas/Equity method
PT Medco Geopower Sarulla
(MGeoPS) 49,00 % 2.636.177 (665.639) – – 1.970.538
Transasia Pipeline Company
Pvt. Ltd ("Transasia") 35,00 % (22.800.157) – – – (22.800.157)
Sub-jumlah/Sub-total (20.163.980) (665.639) – – (20.829.619)
Jumlah/Total 39.328.058 (584.143) – – 38.743.915
96
PT Medco Energi Internasional Tbk 2024 Annual Report
257
255
Page 260
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
Tabel berikut menyajikan ringkasan informasi The following table illustrates the summarized
keuangan entitas asosiasi dan ventura bersama: financial information of the associates and joint
venture:
Laporan posisi keuangan: Statement of financial position:
2024
Kepentingan
Liabilitas Liabilitas Ekuitas Non- Bagian Grup
jangka jangka entitas induk/ Pengendali/ Persentase atas aset Penyesuaian Nilai tercatat
Aset lancar/ Aset tidak pendek/ panjang/ Non- Equity of Non- kepemilikan/ neto/ The ekuitas/ investasi/
Current lancar/ Non- Current current parent controlling Percentage Group's share Equity Investment
assets current assets liabilities liabilities company interest of ownership of net assets adjustment carrying value
Entitas asosiasi/
Associates
PT Amman Mineral
Internasional
Tbk. (AMI) 2.332.417.000 8.789.071.000 1.156.468.000 4.716.620.000 5.159.842.000 88.558.000 20,92 % 1.079.438.946 48.781.807 1.128.220.753
PT Api Metra Graha
(AMG) 54.552.558 83.467.524 6.324.905 53.772.916 77.922.261 – 49,00 % 38.181.907 69.969.916 108.151.823
Lain-lain/Others 3.656.279 16.053.215 1.534.108 9.840.714 8.334.672 – 50,00 % 4.167.333 333.763 4.501.096
Sub-jumlah/Sub-
total 2.390.625.837 8.888.591.739 1.164.327.013 4.780.233.630 5.246.098.933 88.558.000 1.121.788.186 119.085.486 1.240.873.672
Ventura bersama/Joint
venture
PT Transportasi
Gas Indonesia
(TGI) 158.783.906 117.635.346 28.132.805 19.907.421 228.379.026 – 40,00 % 91.351.611 154.590.815 245.942.426
PT Medco
Geopower
Sarulla
(MGeoPS) 92.764.692 446.819.480 260.826.915 64.781.599 213.975.658 – 49,00 % 104.848.074 47.324.737 152.172.811
Sub-jumlah/Sub-
total 251.548.598 564.454.826 288.959.720 84.689.020 442.354.684 – 196.199.685 201.915.552 398.115.237
Jumlah/Total 2.642.174.435 9.453.046.565 1.453.286.733 4.864.922.650 5.688.453.617 88.558.000 1.317.987.871 321.001.038 1.638.988.909
2023
Kepentingan
Liabilitas Liabilitas Ekuitas Non- Bagian Grup Nilai tercatat
jangka jangka entitas induk/ Pengendali/ Persentase atas aset Penyesuaian investasi/
Aset lancar/ Aset tidak pendek/ panjang/ Non- Equity of Non- kepemilikan/ neto/ The ekuitas/ Investment
Current lancar/ Non- Current current parent controlling Percentage Group's share Equity carrying
assets current assets liabilities liabilities company interest of ownership of net assets adjustment value
Entitas asosiasi/
Associates
PT Amman Mineral
Internasional
Tbk. (AMI) 2.544.318.000 6.552.735.000 774.120.000 3.687.388.000 4.549.969.000 85.576.000 20,92 % 951.853.515 48.781.807 1.000.635.322
PT Api Metra Graha
(AMG) 47.903.471 90.373.294 8.546.654 52.495.660 77.234.451 – 49,00 % 37.844.881 69.969.916 107.814.797
Lain-lain/Others 4.103.753 16.183.737 1.739.923 10.709.739 7.837.828 – 50,00 % 3.918.914 333.763 4.252.677
Sub-jumlah/Sub-
total 2.596.325.224 6.659.292.031 784.406.577 3.750.593.399 4.635.041.279 85.576.000 993.617.310 119.085.486 1.112.702.796
Ventura bersama/Joint
venture
Transasia Pipeline
Company Pvt.
Ltd ("Transasia") 484.568 282.802.684 186.957 984.621.392 (701.521.097) – 35,00 % (245.532.384) 358.533.703 1)) 113.001.319
PT Medco
Geopower
Sarulla
(MGeoPS) 117.754.943 438.170.431 291.939.484 56.887.919 207.097.971 – 49,00 % 101.478.006 47.324.737 148.802.743
Sub-jumlah/Sub-
total 118.239.511 720.973.115 292.126.441 1.041.509.311 (494.423.126) – (144.054.378) 405.858.440 261.804.062
Jumlah/Total 2.714.564.735 7.380.265.146 1.076.533.018 4.792.102.710 4.140.618.153 85.576.000 849.562.932 524.943.926 1.374.506.858
1) Penyesuaian ekuitas termasuk pinjaman pemegang saham yang merupakan 1) Equity adjustment included shareholder loan which represents long-term interest in the
kepentingan jangka panjang pada entitas asosiasi. associate.
258
256 PT Medco Energi Internasional Tbk 2024 Annual Report
97
Page 261
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
Tabel berikut menyajikan ringkasan informasi The following table illustrates the summarized
keuangan entitas asosiasi dan ventura bersama: financial information of the associates and joint
(lanjutan) venture: (continued)
Laporan laba rugi dan penghasilan Statement of profit or loss and other
komprehensif lain: comprehensive income:
2024
Jumlah
Penghasilan (rugi) penghasilan
komprehensif (rugi)
Lain/ komprehensif/ Persentase Bagian investor
Other Total kepemilikan/ atas laba (rugi)/
Pendapatan neto/ Laba (rugi)/ Profit comprehensive comprehensive Percentage Investor's share
Net revenues (loss) income (loss) income (loss) of ownership on profit (loss)
Entitas asosiasi/Associates
PT Amman Mineral Internasional
Tbk. (AMI) 2.663.630.000 636.895.000 (24.113.000) 612.782.000 20,92 % 133.238.434
PT Api Metra Graha (AMG) 22.409.927 5.805.298 (1.625.393) 4.179.905 49,00 % 2.844.596
Lain-lain/Others 2.027.672 422.961 – 422.961 50,00 % 211.480
Sub-jumlah/Sub-total 2.688.067.599 643.123.259 (25.738.393) 617.384.866 136.294.510
Ventura bersama/Joint venture
PT Transportasi Gas Indonesia 1)
(TGI) 131.142.201 63.125.817 242.568 63.368.385 40,00 % 1.804.319
PT Medco Geopower Sarulla
(MGeoPS) 43.256.763 5.137.989 1.739.699 6.877.688 49,00 % 2.517.615
Transasia Pipeline Company 2)
Pvt. Ltd ("Transasia") 14.245.838 (65.143.305) – (65.143.305) 50,00 % (27.515.180)
Sub-jumlah/Sub-total 188.644.802 3.120.501 1.982.267 5.102.768 (23.193.246)
Jumlah/Total 2.876.712.401 646.243.760 (23.756.126) 622.487.634 113.101.264
1) Informasi laporan laba rugi bulan berjalan sejak tanggal efektif akuisisi 1) Profit (loss) for the month after the effective date of acquisition
2) Informasi laporan laba rugi tahun berjalan hanya sampai dengan tanggal efektif 2) Profit (loss) for the year is only up to the effective date of acquisition, subsequent
akuisisi, hasil laba rugi setelah tanggal akuisisi dikonsolidasi ke Grup results after acquisition are consolidated to the Group.
2023
Penghasilan Jumlah
(rugi) penghasilan
komprehensif (rugi)
Lain/ komprehensif/ Persentase Bagian investor
Pendapatan Other Total kepemilikan/ atas laba (rugi)/
neto/ Net Laba (rugi)/ comprehensive comprehensive Percentage of Investor's share
revenues Profit (loss) income (loss) income (loss) ownership on profit (loss)
Entitas asosiasi/Associates
PT Amman Mineral Internasional
Tbk. (AMI) 2.033.365.000 252.144.000 (10.441.000) 241.703.000 20,92 % 55.278.667
PT Api Metra Graha (AMG) 21.373.560 8.646.814 4.145.528 12.792.342 49,00 % 4.236.939
Lain-lain/Others 2.003.993 (47.136) 26.082 (21.054) 50,00 % (23.568)
Sub-jumlah/Sub-total 2.056.742.553 260.743.678 (6.269.390) 254.474.288 59.492.038
Ventura bersama/Joint venture
PT Medco Geopower Sarulla
(MGeoPS) 52.427.260 5.379.953 (1.358.446) 4.021.507 49,00 % 2.636.177
Transasia Pipeline Company
Pvt. Ltd ("Transasia") 14.245.838 (65.143.305) – (65.143.305) 35,00 % (22.800.157)
Sub-jumlah/Sub-total 66.673.098 (59.763.352) (1.358.446) (61.121.798) (20.163.980)
Jumlah/Total 2.123.415.651 200.980.326 (7.627.836) 193.352.490 39.328.058
98
PT Medco Energi Internasional Tbk 2024 Annual Report
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257
Page 262
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
Entitas asosiasi dan ventura bersama tidak The associates and joint venture had no capital
mempunyai komitmen modal dan liabilitas commitments or contingent liabilities as of
kontinjensi pada tanggal 31 Desember 2024 dan December 31, 2024 and 2023.
2023.
Tidak ada pembatasan signifikan atas kemampuan There are no significant restrictions on the ability of
entitas asosiasi dan ventura bersama untuk associates and joint venture entity to transfer funds
mentransfer dana kepada Grup, kecuali untuk AMI to the Group, except for AMI and AMG.
dan AMG.
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas
PT Medco Geopower Sarulla (“MGeoPS”) PT Medco Geopower Sarulla (“MGeoPS”)
Pada tahun 2021, setelah divestasi 2% In 2021, after the 2% divestment of PT Medco
kepemilikan saham yang dimiliki oleh PT Medco Power Indonesia’s (“MPI”) share ownership in
Power Indonesia (MPI) atas MGeoPS kepada MGeoPS to PT Medco Daya Abadi Lestari, the
PT Medco Daya Abadi Lestari, sisa investasi remaining investment is accounted using equity
dicatat menggunakan metode ekuitas. method.
Pada tanggal 26 April 2024, Agen Fasilitas On April 26, 2024, Global Facility Agent (“GFA”)
Global Facility Agent (“GFA”) menyampaikan announced the existence of Event of Default due
bahwa telah terjadi Peristiwa Cidera Janji to the historic Debt Service Coverage Ratio
(“Event of Default”) karena rasio Debt Service (“DSCR”) below the required ratio value as of
Coverage Ratio (“DSCR”) historis pada tanggal March 24, 2024, September 24, 2023,
24 Maret 2024, 24 September 2023, 24 September 24, 2021, March 24, 2021 and
September 2021, 24 Maret 2021 dan 24 September 24, 2020.
September 2020 berada di bawah nilai rasio
yang dipersyaratkan.
Pada tanggal 27 September 2024, 30 Maret On September 27, 2024, March 30, 2022,
2022, 3 Oktober 2022 dan 30 Maret 2023, SOL October 3, 2022 and March 30, 2023, SOL has
telah menginformasikan kepada Pemberi informed the Lenders that the minimum required
Pinjaman bahwa Debt Service Coverage Ratio historical Debt Service Coverage Ratio on the
historis, masing-masing, pada Tanggal Calculation Date of September 24, 2024, March
Perhitungan 24 September 2024, 24 Maret 24, 2022, September 24, 2022 and March 24,
2022, 24 September 2022 dan 24 Maret 2023 2023, respectively, was met. SOL has also
telah mencapai nilai yang dipersyaratkan. SOL continuously inform the lender of the situation
juga telah menginformasikan perkembangan developments.
situasi kepada Pemberi Pinjaman.
Dengan mempertimbangkan tindakan yang Taking into account the ongoing actions to repair
sedang berlangsung untuk memperbaiki sumur the well and associated production facilities,
dan fasilitas produksi terkait, termasuk including preparing for a long-term recovery plan
mempersiapkan rencana perbaikan jangka and achieved the above financial covenants as
panjang serta terpenuhinya ketentuan keuangan of September 24, 2024. SOL's management
pada tanggal 24 September 2024, manajemen believes that the lenders will not exercise their
SOL berkeyakinan bahwa pemberi pinjaman rights to take over the SOL project or require
tidak akan menggunakan hak mereka untuk SOL to repay outstanding loans, for at least the
mengambil alih proyek SOL atau meminta SOL next 12 months, even though the DSCR for
untuk melunasi pinjaman yang belum dibayar, certain periods during 2020 - 2024 were below
setidaknya selama 12 bulan ke depan, the required ratio value and not yet obtained the
walaupun batasan DSCR di periode tertentu waiver from creditors.
selama tahun 2020 - 2024 di bawah nilai rasio
yang dipersyaratkan dan belum mendapatkan
pembebasan (waiver) dari para kreditur.
260
258 PT Medco Energi Internasional Tbk 2024 Annual Report
99
Page 263
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
PT Medco Geopower Sarulla (“MGeoPS”) PT Medco Geopower Sarulla (“MGeoPS”)
(lanjutan) (continued)
SOL telah memperoleh persetujuan Pemberi SOL has obtained the Lenders’ approval on the
Pinjaman terkait dengan rencana perbaikan long-term recovery plan, in which the sponsors
jangka panjang yang mana para sponsor telah have agreed to provide Standby Letter of Credit
sepakat untuk menerbitkan Standby Letter of (“SBLC”) to guarantee the fulfillment of SOL’s
Credit (“SBLC”) untuk memastikan terpenuhi payment terms to the Lenders in accordance to
kewajiban pembayaran SOL kepada pemberi the loan agreement during the long-term
pinjaman selama periode pelaksanaan recovery period. However, in the event that the
perbaikan jangka panjang tersebut. Dalam hal lender exercises its rights, the Company, as the
pemberi pinjaman melaksanakan haknya, holder of 49% shares in MGeoPS, has sufficient
Perusahaan, sebagai pemegang 49% saham di cash balance and available financing facilities to
MGeoPS, memiliki saldo kas yang cukup dan fulfill the Company’s portion on the loan of SOL
fasilitas pembiayaan yang tersedia untuk amounted to US$129,673,064. Restoration of
memenuhi bagian kewajiban Perusahaan atas interest in SOL is dependent on risk and
pinjaman SOL yaitu sebesar AS$129.673.064. uncertainty over the success of running a long-
Pemulihan kepentingan di SOL bergantung term improvement effort. The carrying amount of
kepada risiko dan ketidakpastian atas the interest in SOL does not include any
keberhasilan menjalankan usaha perbaikan adjustments that may arise from these
jangka panjang. Nilai tercatat atas kepentingan uncertainties.
di SOL tidak mencakup penyesuaian yang
mungkin timbul dari ketidakpastian tersebut.
Perusahaan memberikan jaminan atas pinjaman The Company guaranteed the loan which is
yang diperoleh Sarulla Operations Ltd (SOL) obtained by Sarulla Operations Ltd (SOL) at the
sebesar kepemilikan efektif Perusahaan di SOL amount equivalent to its effective ownership in
sebesar 18,07% pada tanggal 31 Desember SOL amounted to 18.07% as of December 31,
2024 dan 2023. 2024 and 2023.
Sehubungan dengan perjanjian pinjaman bank In relation with the bank loan agreement of SOL,
SOL, SOL tidak diperbolehkan untuk SOL is not allowed to distribute dividends to its
membagikan dividen kepada para pemegang shareholders without written consent from the
sahamnya tanpa persetujuan tertulis dari bank. bank.
Untuk tujuan pengujian penurunan nilai pada For impairment testing purposes on December
tanggal 31 Desember 2024 dan 2023, 31, 2024 and 2023, the calculation of
perhitungan jumlah terpulihkan investasi pada recoverable amount of the investment in shares
penyertaan saham berdasarkan proyeksi arus of stock is based on discounted cash flow
kas yang didiskontokan dari rencana bisnis yang projections from the business plan covering
mencakup periode kontrak jangka panjang. long-term contract period. The assessment
Penilaian tersebut memerlukan penggunaan require the use of estimates and assumptions
estimasi dan asumsi seperti tingkat diskonto, such as discount rate, gas prices, reserves,
harga gas, cadangan, beban modal, biaya capital expenses, operating costs and operating
operasi dan kinerja operasi (termasuk volume performance (which includes production and
produksi dan penjualan). Jumlah terpulihkan sales volumes). The recoverable amount is
dihitung oleh penilai independen. Perhitungan calculated by an independent appraiser. The
nilai wajar dikategorikan level 3 dari hirarki nilai calculation of fair value is categorized level 3 of
wajar. the fair value hierarchy.
100
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259
Page 264
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
PT Medco Geopower Sarulla (“MGeoPS”) PT Medco Geopower Sarulla (“MGeoPS”)
(lanjutan) (continued)
Berdasarkan hasil penelaahan atas investasi di Based on the review for investment in MGeoPS,
MGeoPS, manajemen berpendapat bahwa management believes that the recoverable
jumlah terpulihkan investasi melebihi nilai amount exceeds the book value; therefore, there
tercatatnya sehingga tidak diperlukan cadangan is no provision for impairment needed as
penurunan nilai pada tanggal 31 Desember December 31, 2024 and 2023.
2024 dan 2023.
PT Amman Mineral Internasional PT Amman Mineral Internasional
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, based on
berdasarkan evaluasi manajemen, tidak management’s assessment, there are no
terdapat indikasi atau tidak ada faktor yang circumstances or no significant factors that
signifikan bahwa nilai tercatat investasi di AMI would indicate the carrying value of investment
mengalami penurunan nilai. in AMI may be impaired.
Pada tanggal 7 Juli 2023, AMI telah terdaftar di On July 7, 2023, AMI was listed on the
Bursa Efek Indonesia (“BEI”) dengan kode Indonesia Stock Exchange (“IDX”), with ticker
emiten AMMN, melalui IPO dengan harga AMMN, through an IPO with an offering price of
penawaran Rp1.695 per lembar saham. AMI Rp1,695 per share. AMI issued 6.32 billion
menerbitkan 6,32 miliar lembar saham baru common new shares to the public representing
kepada masyarakat yang merupakan 8,8% dari 8.8% of total issued shares.
total saham telah diterbitkan.
Karena penerbitan saham baru tersebut, Following the issue of new shares to the public,
kepemilikan Grup di AMI mengalami penurunan the Group’s ownership in AMI was diluted from
dari sebelumnya 23,13% menjadi 21,09%. 23.13% to 21.09%. According to the AMMN
Berdasarkan Keterbukaan Informasi AMMN Disclosure of Information dated October 5, 2023,
tanggal 5 Oktober 2023, AMMN menerbitkan AMMN issued new shares for MSOP program
saham baru untuk program MSOP dengan with exercise period between October 5, 2023 to
tanggal periode pelaksanaan program MSOP November 15, 2023. When the MSOP program
antara 5 Oktober 2023 hingga 15 November was completed in Q4 2023, the Group’s
2023. Pada saat penyelesaian program MSOP ownership was diluted from 21.09% to 20.92%.
di kuartal IV 2023, kepemilikan Grup di AMI The Company recorded a US$83.8 million gain
mengalami penurunan dari 21,09% menjadi due to the dilution of its interest in AMI in year
20,92%. Perusahaan mencatat keuntungan dari 2023 from 23.13% to 20.92%.
penurunan kepemilikan di AMI pada tahun 2023
dari 23,13% menjadi 20,92% sebesar AS$83,8
juta.
262
260 PT Medco Energi Internasional Tbk 2024 Annual Report
101
Page 265
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
PT Api Metra Graha PT Api Metra Graha
Pada tanggal 29 Maret 2019, Grup melakukan On March 29, 2019, the Group divested 51%
divestasi sebesar 51% saham kepemilikan pada share ownership in PT Api Metra Graha (AMG)
PT Api Metra Graha (AMG) kepada PT Medco to PT Medco Daya Abadi Lestari, parent entity.
Daya Abadi Lestari, entitas induk. Setelah After such divestment, the Group measured the
divestasi tersebut, Grup mencatat 49% 49% share ownership in AMG at fair value and
kepemilikan saham pada AMG pada nilai wajar this was subsequently accounted for as an
dan selanjutnya mencatat perubahan investasi investment using equity method with
menggunakan metode ekuitas mengingat Grup consideration that the Group has significant
memiliki pengaruh signifikan. influence.
Sehubungan dengan perjanjian pinjaman bank In relation with the bank loan agreement of
AMG, AMG tidak diperbolehkan untuk AMG, AMG is not allowed to distribute dividends
membagikan dividen kepada para pemegang to its shareholders without written consent from
sahamnya tanpa persetujuan tertulis dari bank. the bank.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, based on
berdasarkan evaluasi manajemen, tidak management’s assessment, there are no
terdapat indikasi atau tidak ada faktor yang circumstances or no significant factors that
signifikan bahwa nilai tercatat investasi di AMG would indicate the carrying value of investment
mengalami penurunan nilai. in AMG may be impaired.
Transasia Pipeline Company Pvt. Ltd. Transasia Pipeline Company Pvt. Ltd.
Transasia Pipeline Company Pvt. Ltd. Transasia Pipeline Company Pvt. Ltd.
(“Transasia”) adalah perusahaan tertutup yang (“Transasia”) is a private company incorporated
didirikan di Mauritius. Transasia adalah in Mauritius. Transasia is an investment holding
perusahaan induk investasi dengan 40% company with a 40% ownership in PT
kepemilikan pada PT Transportasi Gas Transportasi Gas Indonesia (“TGI”), a company
Indonesia (“TGI”), yaitu perusahaan yang engaged in the transportation of natural gas
bergerak di bidang transportasi gas alam melalui through its pipeline. TGI is incorporated and
jalur pipa yang dimilikinya. TGI didirikan dan domiciled in the Republic of Indonesia.
berdomisili di Republik Indonesia.
Pada Maret 2022, Perusahaan melalui Medco On March 2022, the Company through Medco
Energi Global Pte. Ltd., entitas anak yang Energi Global Pte. Ltd., a wholly-owned
dimiliki sepenuhnya oleh Perusahaan, telah subsidiary of the Company, entered into an
mengakuisisi seluruh saham ConocoPhillips agreement to acquire all shares of
Indonesia Holding Ltd., termasuk di dalamnya ConocoPhillips Indonesia Holding Ltd., where
berupa 35% kepemilikan dalam Transasia the acquisition includes 35% ownership in
Pipeline Company Pvt. Ltd. (“Transasia”). Transasia Pipeline Company Pvt. Ltd.
(“Transasia”).
Selanjutnya, pada tanggal 2 Februari 2024, Subsequently, on February 2, 2024, MEPCHL
MEPCHL dan Repsol Transgasindo S.a.r.l and Repsol Transgasindo S.a.r.l (“Repsol”)
(“Repsol”) menandatangani Perjanjian Jual Beli signed a Share Sale and Purchase Agreement
Saham terkait pengalihan 15% kepemilikan regarding the transfer of 15% of shares in
saham di Transasia Pipeline Company Pvt. Ltd Transasia Pipeline Company Pvt. Ltd from
dari Repsol kepada MEPCHL. Transaksi Repsol to MEPCHL. The transaction was
tersebut telah diselesaikan pada tanggal 28 Mei completed on May 28, 2024 and MEPCHL’s
2024 dan porsi kepemilikan saham MEPCHL di share ownership in Transasia became 50%.
Transasia menjadi 50%.
102
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261
Page 266
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
Transasia Pipeline Company Pvt. Ltd. Transasia Pipeline Company Pvt. Ltd.
(lanjutan) (continued)
Kemudian, pada tanggal 1 Agustus 2024, Then, on August 1, 2024, MEPCHL acquired
MEPCHL mengakuisisi 35% kepemilikan saham 35% of shares in Transasia Pipeline Company
di Transasia Pipeline Company Pvt. Ltd. dari Pvt. Ltd. from Petronas International Corporation
Petronas International Corporation Ltd. Ltd. The transaction was completed and
Transaksi tersebut telah diselesaikan dan efektif effective on November 29, 2024, bringing
tanggal 29 November 2024 sehingga porsi MEPCHL's shareholding in Transasia to 85%
kepemilikan saham MEPCHL di Transasia (Note 47).
menjadi 85% (Catatan 47).
Berdasarkan Transasia Joint Venture Based on the Transasia Joint Venture
Agreement, dengan kepemilikan hingga 85%, Agreement, with ownership of up to 85%, the
Perusahaan dianggap memiliki pengendalian. Company is considered to have control. Thus,
Dengan demikian, Perusahaan telah the Company has consolidated Transasia since
mengkonsolidasikan Transasia sejak tanggal its effective date.
efektifnya.
Untuk tujuan pengujian penurunan nilai pada For impairment testing purposes on December
tanggal 31 Desember 2023, jumlah terpulihkan 31, 2023, the recoverable amount of the
dari penyertaan saham diukur untuk setiap investments is measured for each of the
entitas anak Transasia berdasarkan kombinasi subsidiaries of Transasia based on a
“nilai pakai” (value in use) menggunakan combination of “value-in-use” using discounted
proyeksi arus kas yang didiskontokan dari cash flows projections from the business plan
rencana bisnis yang mencakup periode kontrak covering the long-term contract period and
jangka panjang dan metode aset bersih yang adjusted net assets method. The recoverable
disesuaikan. Jumlah terpulihkan dihitung oleh amounts are calculated by the independent
penilai independen. appraiser.
Berdasarkan hasil penelaahan atas investasi di Based on the review for investment in Transasia
Transasia pada akhir tahun, manajemen at the end of the year, management believes
berpendapat bahwa jumlah terpulihkan investasi that the recoverable amount exceeds its the
melebihi nilai tercatatnya sehingga tidak book value, therefore, there is no provision for
diperlukan cadangan penurunan nilai pada impairment needed as December 31, 2023.
tanggal 31 Desember 2023.
Pinjaman pemegang saham Shareholder loan
Grup memiliki perjanjian pinjaman pemegang The Group had shareholder loan agreement with
saham dengan Transasia. Pinjaman pemegang Transasia. The shareholder's loans are
saham tersebut tidak dijamin, dikenakan bunga unsecured, bears interest at 10% per annum
sebesar 10% dan dibayarkan sesuai permintaan and are payable on demand subject to the
dengan persetujuan dewan Grup. approval of the board of the Group.
Pada tanggal 31 Desember 2023, pinjaman As of December 31, 2023, the balance of the
pemegang saham membentuk nilai investasi shareholder loan forms part of the carrying
neto Grup pada entitas asosiasi dikarenakan amount of the Group’s net investment in
akumulasi rugi entitas asosiasi telah melebihi associate due to accumulated loss of the
kepentingannya dan pinjaman pemegang associate already exceeded its interest and the
saham merupakan kepentingan jangka panjang shareholder loan represents long-term interest in
pada entitas asosiasi. the associate.
264
262 PT Medco Energi Internasional Tbk 2024 Annual Report
103
Page 267
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
a. Entitas asosiasi dan ventura bersama – metode a. Associate and join ventures – equity method
ekuitas (lanjutan) (continued)
PT Transportasi Gas Indonesia PT Transportasi Gas Indonesia
PT Transportasi Gas Indonesia (“TGI”) adalah PT Transportasi Gas Indonesia (“TGI”) is a
perusahaan tertutup yang didirikan dan private company incorporated and domiciled in
berdomisili di Republik Indonesia. TGI bergerak the Republic of Indonesia. TGI engaged in the
di bidang transportasi gas alam melalui jalur transportation of natural gas through its pipeline.
pipa yang dimilikinya.
Infrastruktur pipa gas TGI, yang terdiri dari TGI’s gas infrastructures, which consist of the
Jaringan Pipa Transmisi Grissik-Duri (“GD”) dan Grissik-Duri (“GD”) Pipeline and Grissik-
Grissik-Singapura (“GS”) diserahterimakan dari Singapore (“GS”) Pipeline were transferred from
PT Perusahaan Gas Negara (Persero) Tbk. PT Perusahaan Gas Negara (Persero) Tbk.
(“PGN”) – pemegang saham mayoritas TGI. TGI (“PGN”) – the majority shareholder. TGI began
mulai mengoperasikan Jaringan Pipa Transmisi operating the GD Pipeline on the date of the
GD sejak tanggal Perjanjian Pengalihan Aset, Asset Transfer Agreement, which was on
yaitu tanggal 9 Maret 2002, dan Jaringan Pipa March 9, 2002 and the GS Pipeline on the date
Transmisi GS sejak tanggal pengalihan aset, of asset transfer, which was on June 2, 2004.
yaitu tanggal 2 Juni 2004.
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi loss
Grup memiliki investasi saham (saham tidak The Group has investments in shares of stock
diperdagangkan) yang diklasifikasikan oleh Grup (unlisted shares) that are classified by the Group
sebagai aset keuangan yang diukur pada nilai as financial assets at fair value through profit or
wajar melalui laba rugi sesuai dengan PSAK loss in accordance with PSAK 109, with details
109, dengan rincian sebagai berikut: as follows:
PT Donggi Senoro LNG (“DSLNG”) PT Donggi Senoro LNG (“DSLNG”)
Perusahaan melalui anak perusahaannya, PT The Company, through its subsidiary, PT Medco
Medco LNG Indonesia (“MLI”) memiliki 11,11% LNG Indonesia (“MLI”) holds a 11.11% interest
saham DSLNG, sebuah perusahaan yang in the equity of DSLNG, a company which was
didirikan pada Desember 2007 untuk established in December 2007 to produce LNG
memproduksi LNG dengan persediaan dasar with gas feed stock from Donggi and Senoro gas
gas dari lapangan gas Donggi dan Senoro. fields. DSLNG started commercial operations in
DSLNG mulai beroperasi secara komersial pada July 2015.
Juli 2015.
Asumsi-asumsi utama yang digunakan Key assumptions used
Perhitungan nilai wajar penyertaan saham pada The calculation of fair value of the investment in
tanggal 31 Desember 2024 dan 2023 dilakukan shares of stock as of December 31, 2024 and
oleh penilai independen berdasarkan proyeksi 2023 are performed by independent appraiser
arus kas yang didiskontokan dari rencana bisnis based on discounted cash flow projections from
yang mencakup periode kontrak jangka panjang the business plan covering the long-term
dan metode guideline publicly traded companies contract period and guideline publicly traded
(GPTC). Penilaian tersebut memerlukan companies (GPTC) method. The assessment
penggunaan estimasi dan asumsi seperti tingkat require the use of estimates and assumptions
diskonto, harga gas, cadangan, beban modal, such as discount rate, gas prices, reserves,
biaya operasi dan kinerja operasi (termasuk capital expenses, operating costs and operating
volume produksi dan penjualan). Perhitungan performance (which includes production and
nilai wajar dikategorikan level 3 dari hirarki nilai sales volumes). The calculation of fair value is
wajar. categorized level 3 of the fair value hierarchy.
104
PT Medco Energi Internasional Tbk 2024 Annual Report
265
263
Page 268
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi (lanjutan) loss (continued)
PT Donggi Senoro LNG (“DSLNG”) (lanjutan) PT Donggi Senoro LNG (“DSLNG”)
(continued)
Paragraf berikut menunjukkan informasi tentang The following paragraph shows the information
input signifikan yang tidak dapat diobservasi. about significant unobservable inputs.
a. Tingkat diskonto a. Discount rate
Pada tanggal 31 Desember 2024 and 2023, As at December 31, 2024 and 2023, the pre-
tingkat diskonto sebelum pajak yang tax discount rate applied to the cash flow
diterapkan pada proyeksi arus kas berada projection is 9.12% and 9.70%.
pada 9,12% dan 9,70%.
b. Harga LNG b. LNG prices
Perkiraan harga LNG didasarkan pada Forecasted LNG prices are based on
perkiraan manajemen, data transaksi seperti management’s estimates, transaction data
perjanjian penjualan dan data pasar yang such as sales agreements and available
tersedia. market data.
c. Pengeluaran modal, biaya operasi dan c. Capital expenses, operating costs and
kinerja operasi operating performances
Asumsi-asumsi ini didasarkan pada kinerja These assumptions are based on the
operasi Perusahaan, beban modal dan Company’s operating performance, capital
rencana anggaran. Manajemen memiliki expenses and budget plan. The
kendali penuh atas biaya, dan yakin bahwa management has full control over the costs,
asumsi tersebut cukup wajar dan akan dapat and believes the assumptions are
dicapai. reasonable and will be achievable.
d. Cadangan d. Reserves
Asumsi ini didasarkan pada laporan These assumptions are based on the
cadangan dan informasi dari konsultan reserves report and information from
cadangan independen dan teknis. independent reserves and technical
consultants.
Perubahan asumsi yang digunakan oleh Changes to the assumptions used by the
manajemen untuk menentukan nilai wajar, management to determine the fair value, in
khususnya tingkat diskonto, dapat berdampak particular the discount rate, can have significant
signifikan terhadap hasil penilaian nilai wajar. impact on the result of the fair value
assessment.
Manajemen berpendapat bahwa tidak ada Management is of the opinion that there was no
kemungkinan perubahan yang wajar atas salah reasonably possible change in any of the key
satu asumsi utama yang disebutkan di atas assumptions stated above that would cause the
yang akan menyebabkan jumlah tercatat secara carrying amount to materially exceed its
material melebihi jumlah terpulihkannya. recoverable amount.
Pada tanggal 30 Mei 2023, PT MLI telah On May 30, 2023, PT MLI received a dividend
menerima pembayaran dividen dari DSLNG payment from DSLNG amounting to US$31.8
sebesar AS$31,8 juta. million.
Pada Juni 2023, DSLNG (sebagai pihak In June 2023, DSLNG (as the buyer) and PT
pembeli) dan PT MLI (sebagai pihak penjual) MLI (as the seller) mutually agreed the sale and
bersama-sama sepakat untuk transaksi jual dan purchase of 70,041 shares of DSLNG at the
beli saham DSLNG sebanyak 70.041 lembar total amount of US$10.5 million.
dengan nilai total AS$10,5 juta.
Pada tanggal 12 Juni 2024, PT MLI telah On June 12, 2024, PT MLI received a dividend
menerima pembayaran dividen dari DSLNG payment from DSLNG amounting to US$18.87
sebesar AS$18,87 juta. million.
266
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105
Page 269
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi (lanjutan) loss (continued)
PT Donggi Senoro LNG (“DSLNG”) (lanjutan) PT Donggi Senoro LNG (“DSLNG”)
(continued)
Pada Desember 2024, DSLNG (sebagai pihak In December 2024, DSLNG (as the buyer) and
pembeli) dan PT MLI (sebagai pihak penjual) PT MLI (as the seller) mutually agreed the sale
bersama-sama sepakat untuk transaksi jual dan and purchase of 140,970 shares of DSLNG at
beli saham DSLNG sebanyak 140.970 lembar the total amount of US$14.1 million.
dengan nilai total AS$14,1 juta.
PT Sumber Mineral Citra Nusantara PT Sumber Mineral Citra Nusantara
(“SMCN”) (“SMCN”)
Pada 29 November 2024, Perusahaan (sebagai On November 29, 2024, the Company (as the
pihak Penjual) menandatangani Perjanjian Jual Seller) has entered into a conditional share sale
Beli Kepemilikan Saham Bersyarat (“CSPA”) and purchase agreement (CSPA) with PT Citra
dengan PT Citra Inti Niaga (“CIN”) sebagai pihak Inti Niaga (“CIN”) as the Purchaser, an unrelated
pembeli, yang merupakan pihak tidak berelasi party and as the majority shareholder of SMCN,
sekaligus sebagai pemegang saham mayoritas to sell the Company’s 18% ownership in SMCN
SMCN, untuk melepas 18% kepemilikan saham to CIN for (1) a consideration of US$115.6
Perusahaan di SMCN kepada CIN sebesar (1) million, which amount shall be received at the
sejumlah AS$115,6 juta, yang akan diterima latest April 30, 2025, and (2) an additional
paling lambat 30 April 2025, dan (2) contingent payment, payable to the Seller on the
pembayaran kontingen tambahan, yang akan second anniversary of the first shipment of
dibayarkan kepada Penjual pada tahun kedua concentrate (or any other form of sealable
dari pengiriman pertama konsentrat (atau copper, gold or silver product) produced from
bentuk lain dari produk tembaga, emas atau Elang mine (“the First Commercial Shipment”),
perak yang tersegel) yang diproduksi dari subject to the performance and the timing of the
wilayah pengembangan Elang (Pengiriman First Commercial Shipment. The decision to sell
Komersial Pertama) tergantung kepada kinerja the investment in SMCN is in line with the
dan waktu terhadap Pengiriman Komersial Company’s strategy to monetize the investment
Pertama. Keputusan untuk melepas investasi di in SMCN. As of December 31, 2024, the
SMCN selaras dengan strategi Perusahaan Company classified the investment in SMCN
untuk memonetisasi investasi di SMCN. Sampai shares as short-term investment
dengan 31 Desember 2024, Perusahaan
mengklasifikasikan investasi di SMCN sebagai
investasi jangka pendek.
Asumsi-asumsi utama yang digunakan Key assumptions used
Perhitungan nilai wajar penyertaan saham pada The calculation of fair value of the investment in
ditentukan menggunakan pendekatan pasar shares of stock is determined using market
dengan menggunakan metode guideline publicly approach using guideline publicly traded
traded companies (“GPTC”) berdasarkan companies (“GPTC”) method based on
laporan penilai independen. Berdasarkan independent appraisal report. Under the market
metode pendekatan pasar GPTC, nilai wajar approach GPTC method, the fair value is
diperoleh dari harga perdagangan sejumlah derived from trading price multiples of selected
perusahaan publik yang sebanding (yaitu: set of comparable public companies (i.e.:
perusahaan pemandu) dengan objek penilaian guideline companies) to the valuation object at
pada tanggal penilaian. Perbandingan rasio the valuation date. The comparative ratios used
yang digunakan adalah Price to Earning, Price are Price to Earnings, Price to Sales and Market
to Sales dan Market Value of Invested Capital to Value of Invested Capital to Book Value of
Book Value of Invested Capital. Perhitungan Invested Capital. The calculation of fair value is
nilai wajar dikategorikan level 3 dari hirarki nilai categorized level 3 of the fair value hierarchy.
wajar.
106
PT Medco Energi Internasional Tbk 2024 Annual Report
267
265
Page 270
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
14. INVESTASI PADA SAHAM (lanjutan) 14. INVESTMENT IN SHARES (continued)
b. Investasi ekuitas pada nilai wajar melalui laba b. Equity investments at fair value through profit or
rugi (lanjutan) loss (continued)
Perubahan asumsi yang digunakan oleh Changes to the assumptions used by the
manajemen untuk menentukan nilai wajar, management to determine the fair value, in
khususnya harga pasar, dapat berdampak particular the market prices, can have significant
signifikan terhadap hasil penilaian nilai wajar. impact on the result of the fair value
assessment.
Manajemen berpendapat bahwa tidak ada Management is of the opinion that there was no
kemungkinan perubahan yang wajar atas salah reasonably possible change in any of the key
satu asumsi utama yang disebutkan di atas assumptions stated above that would cause the
yang akan menyebabkan jumlah tercatat secara carrying amount to materially exceed its
material melebihi jumlah terpulihkannya. recoverable amount.
2661847
15. ASET TETAP 15. PROPERTY, PLANT AND EQUIPMENT
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2024
Saldo Akhir 31
Saldo Awal 1 Desember
Januari 2024/ Penjabaran 2024/
Beginning Laporan Ending
Balance Keuangan/ Balance
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ Translation December 31,
2024 Additions Deductions Reclassification Adjustments 2024
Biaya Perolehan Acquisition Cost
Tanah 10.030.608 445.408 – – (184.608) 10.291.408 Land
Buildings and
Bangunan dan prasarana 11.486.406 106.765 – – (100.867) 11.492.304 improvements
Mesin 43.748.107 6.581.133 (6.206.003) – (1.468.678) 42.654.559 Machinery
Peralatan dan perlengkapan Drilling rigs and
pengeboran 47.176.778 195.468 – (794.751) – 46.577.495 equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 5.917.456 – (45.601) – – 5.871.855 accessories
Kendaraan bermotor 2.785.180 1.719.268 (42.042) – (75.614) 4.386.792 Vehicles
Office and other
Peralatan kantor dan lainnya 18.623.660 1.505.558 (420.422) 189 (254.003) 19.454.982 equipment
Leasehold improvements 14.601.018 95.848 – – (190.180) 14.506.686 Leasehold improvements
Peralatan 3.526.958 77.954 – 794.562 (632) 4.398.842 Tools
Aset Tetap dalam
Pembangunan 16.209.748 49.571.273 – – (21.693) 65.759.328 Construction in Progress
Jumlah Biaya Perolehan 174.105.919 60.298.675 (6.714.068) – (2.296.275) 225.394.251 Total Acquisition Costs
Accumulated
Akumulasi Penyusutan Depreciation
Buildings and
Bangunan dan prasarana 7.041.968 562.395 – – (69.151) 7.535.212 improvements
Mesin 21.993.353 5.749.972 (5.424.068) (35.579) (741.847) 21.541.831 Machinery
Peralatan dan perlengkapan Drilling rigs and
pengeboran 34.785.996 932.305 – (1.656.180) – 34.062.121 equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 5.131.619 18.370 – – – 5.149.989 accessories
Kendaraan bermotor 2.499.377 428.094 (37.082) (55.780) (51.176) 2.783.433 Vehicles
Office and other
Peralatan kantor dan lainnya 15.108.177 2.334.586 (370.708) (2.759) (213.682) 16.855.614 equipment
Leasehold improvements 4.137.471 2.326.804 – – (55.034) 6.409.241 Leasehold Improvements
Peralatan 1.356.779 15.078 – 1.724.082 – 3.095.939 Tools
Jumlah Akumulasi Total Accumulated
Penyusutan 92.054.740 12.367.604 (5.831.858) (26.216) (1.130.890) 97.433.380 Depreciation
Akumulasi Penurunan Nilai Accumulated Impairment
Penurunan Nilai 17.375.873 1.181.781 – – – 18.557.654 Impairment
Nilai Tercatat 64.675.306 109.403.217 Carrying Value
268
266 PT Medco Energi Internasional Tbk 2024 Annual Report
107
Page 271
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP (lanjutan) 15. PROPERTY, PLANT AND EQUIPMENT
(continued)
Akun ini terdiri dari sebagai berikut: (lanjutan) This account consists of the following: (continued)
2023
Saldo Awal Saldo Akhir
1 Januari 31 Desember
2023/ Penjabaran 2023/
Beginning Laporan Ending
Balance Keuangan/ Balance
January 1, Penambahan/ Pengurangan/ Reklasifikasi/ Translation December 31,
2023 Additions Deductions Reclassification Adjustments 2023
Biaya Perolehan Acquisition Cost
Tanah 9.959.440 – – – 71.168 10.030.608
10.030.608 Land
Bangunan dan prasarana 11.442.648 – – – 43.758 11.486.406
11.486.406 Buildings and improvements
Mesin 54.217.169 3.804.341 (15.635.985) – 1.362.582 43.748.107
43.748.107 Machinery
Peralatan dan perlengkapan
pengeboran 47.176.778 – – – – 47.176.778
47.176.778 Drilling rigs and equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 5.970.806 – (53.350) – – 5.917.456
5.917.456 accessories
Kendaraan bermotor 5.386.851 60.251 (2.679.794) – 17.872 2.785.180
2.785.180 Vehicles
Peralatan kantor dan lainnya 17.719.040 2.582.390 (2.307.530) 3.099 626.661 18.623.660
18.623.660 Office and other equipment
Leasehold improvements 5.330.000 992.834 – 8.198.009 80.175 14.601.018
14.601.018 Leasehold Improvements
Peralatan 2.515.488 – – 1.011.470 – 3.526.958
3.526.958 Tools
Aset Tetap dalam
Pembangunan 19.474.879 37.106.766 (32.484.707) (8.476.670) 589.480 16.209.748
16.209.748 Construction in progress
Jumlah Biaya Perolehan 179.193.099 44.546.582 (53.161.366) 735.908 2.791.696 174.105.919
174.105.919 Total Acquisition Costs
Akumulasi Penyusutan Accumulated Depreciation
Bangunan dan prasarana 6.441.603 574.541 – – 25.824 7.041.968
7.041.968 Buildings and improvements
Mesin 31.700.362 5.730.623 (15.635.985) – 198.353 21.993.353
21.993.353 Machinery
Peralatan dan perlengkapan
pengeboran 32.804.425 2.207.284 (225.713) – – 34.785.996
34.785.996 Drilling rigs and equipment
Peralatan wireline logging Wireline logging and
dan aksesoris 4.772.916 358.703 – – – 5.131.619
5.131.619 accessories
Kendaraan bermotor 4.865.951 296.929 (2.678.681) – 15.178 2.499.377
2.499.377 Vehicles
Peralatan kantor dan lainnya 15.806.813 1.538.522 (2.310.833) – 73.675 15.108.177
15.108.177 Office and other equipment
Leasehold improvements 1.816.000 2.312.595 – – 8.876 4.137.471
4.137.471 Leasehold improvements
Peralatan 1.243.922 112.857 – – – 1.356.779
1.356.779 Tools
Jumlah Akumulasi Total Accumulated
Penyusutan 99.451.992 13.132.054 (20.851.212) – 321.906 92.054.740
92.054.740 Depreciation
Akumulasi Penurunan Nilai Accumulated Impairment
Penurunan Nilai 17.836.413 – (376.342) – (84.198) 17.375.873
17.375.873 Impairment
Nilai Tercatat 61.904.694 64.675.306
64.675.306 Carrying Value
Beban penyusutan dialokasikan sebagai berikut: Allocation of depreciation expense is as follows:
2024 2023
Operasi yang dilanjutkan Continuing Operations
Beban pokok penjualan dan Cost of revenues and other direct
biaya langsung lainnya 7.442.452 10.470.207 costs_-
Beban penjualan, umum dan Selling, general and administrative
administrasi (Catatan 36) 4.925.152 2.661.847 expenses (Note 36)
Jumlah 12.367.604 13.132.054 Total
108
PT Medco Energi Internasional Tbk 2024 Annual Report
269
267
Page 272
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP (lanjutan) 15. PROPERTY, PLANT AND EQUIPMENT
(continued)
Tidak ada aset tetap yang digunakan sebagai There is no property, plant and equipment used as
jaminan atas utang yang diperoleh oleh collateral to the loans obtained by the Company
Perusahaan dan Entitas Anaknya. and its Subsidiaries.
Aset tetap dalam pembangunan Construction in progress
Aset dalam pembangunan sebagian besar Construction in progress mostly represents office
merupakan renovasi kantor dan konstruksi renovation and construction of preparation for solar
persiapan pembangkit listrik tenaga surya dengan power plant with details as follows:
keterangan sebagai berikut:
2024 2023
Mesin Machinery
Nilai tercatat 77.084.775 19.065.132 Carrying value
Persentase penyelesaian 70 % 17 % Percentage of completion
Estimasi tahun penyelesaian 2025 2025 Estimated completion year
Manajemen berkeyakinan tidak terdapat hambatan Management believes that there will be no
dalam proses penyelesaian aset tetap dalam difficulties in the completion of the construction in
pembangunan. progress.
Biaya pinjaman yang dikapitalisasi ke aset tetap Borrowing costs capitalized to property, plant and
untuk tahun yang berakhir pada tanggal 31 equipment for the year ended December 31, 2024
Desember 2024 adalah sebesar AS$1.867.400 amounted to US$1,867,400 (Rp30,180,916,699)
(Rp30.180.916.699) dan tidak terdapat biaya and there were no borrowing costs capitalized to
pinjaman yang dikapitalisasi ke aset tetap untuk property, plant and equipment for the year ended
tahun yang berakhir pada tanggal 31 Desember December 31, 2023. The effective interest rates
2023. Suku bunga efektif yang digunakan untuk used to determine the borrowing costs eligible for
menentukan biaya pinjaman yang dikapitalisasi capitalization was 6.68% for the year ended
sebesar 6,68% untuk tahun yang berakhir pada December 31, 2024.
tanggal 31 Desember 2024.
Seluruh persediaan (Catatan 10) dan aset tetap, All inventories (Note 10) and property, plant and
kecuali tanah, termasuk aset tetap dalam perjanjian equipment, except land, including property, plant
mengandung sewa (Catatan 8) telah diasuransikan and equipment under an arrangement containing a
terhadap risiko kebakaran, pencurian dan risiko lease (Note 8) were insured against fire, theft and
lainnya dengan nilai pertanggungan sebesar other possible risks for US$1.4 billion and Rp363.9
AS$1,4 miliar dan Rp363,9 miliar pada tanggal billion as of December 31, 2024 and US$1.4 billion
31 Desember 2024 dan AS$1,4 miliar dan Rp569 and Rp569 billion as of December 31, 2023.
miliar pada tanggal 31 Desember 2023. Manajemen Management believes that the insurance coverage
berkeyakinan bahwa nilai pertanggungan tersebut is adequate to cover possible losses on the assets
adalah cukup untuk menutupi kemungkinan insured.
kerugian atas aset yang dipertanggungkan.
Pada tanggal 31 Desember 2024 dan 2023 aset As of December 31, 2024 and 2023, the
tetap dalam pembangunan terutama merupakan construction in progress mainly represents
konstruksi mesin PT Energi Listrik Batam (ELB). construction of machinery of PT Energi Listrik
Aset dalam penyelesaian diestimasikan selesai Batam (ELB). Construction in progress is estimated
pada tahun 2025. to be fully completed in 2025.
270
268 PT Medco Energi Internasional Tbk 2024 Annual Report
109
Page 273
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
15. ASET TETAP (lanjutan) 15. PROPERTY, PLANT AND EQUIPMENT
(continued)
Pada tanggal 31 Desember 2024 dan 2023, biaya As of December 31, 2024 and 2023, the cost of
perolehan aset tetap yang telah disusutkan penuh property, plant and equipment that have been fully
namun masih digunakan oleh Grup masing-masing depreciated but are still being used by the Group
sebesar AS$15 juta terdiri atas mesin dan peralatan amounted to US$15 million, respectively, consisting
kantor dan lainnya. of machinery and office and other equipment.
Pada 31 Desember 2024 dan 2023, manajemen As of December 31, 2024 and 2023, the
berpendapat bahwa penyisihan penurunan nilai management is of the opinion that the allowance for
yang dicadangkan adalah cukup dan tidak impairment losses were adequate and no further
diperlukan penurunan nilai lebih lanjut atas aset impairment on the remaining property, plant and
tetap lainnya. equipment is necessary.
16. ASET HAK GUNA 16. RIGHT-OF-USE ASSETS
Grup menyewa beberapa aset termasuk peralatan The Group leases several assets including
kantor dan lainnya, bangunan dan prasarana, equipment, building and land improvements,
mesin, dan kendaraan, yang pada umumnya machinery and vehicles which generally have lease
memiliki masa sewa antara 1 sampai 13 tahun. terms between 1 to 13 years.
Grup mempunyai sewa tertentu dengan masa sewa The Group also has certain leases with lease terms
12 bulan atau kurang dan sewa bernilai rendah. of 12 months or less and low value leases. The
Grup menerapkan pengecualian pengakuan sewa Group applies the short-term lease and lease of
jangka pendek dan sewa bernilai rendah untuk low-value assets recognition exemptions for these
sewa tersebut. leases.
Nilai tercatat untuk aset hak guna adalah sebagai The carrying value of right-of-use assets are as
berikut: follows:
2024
Saldo Awal Reklasifikasi Saldo Akhir
1 Januari ke Aset 31 Desember
2024/ Penjabaran Tersedia 2024/
Beginning Laporan Untuk DIjual/ Ending
Balance Keuangan/ Reclass to Balance
January 1, Penambahan/ Pengurangan/ Translation Asset Held December 31,
2024 Additions Deductions Adjustments For Sale 2024
Biaya perolehan At cost
Building and land
Bangunan dan prasarana 44.800.924 5.533.416 (6.480.498) (135.411) (878.219) 42.840.212 improvements
Mesin 275.734.219 110.148.607 (71.162.718) – – 314.720.108 Machinery
Peralatan 8.683.314 787.917 (1.910.532) – – 7.560.699 Equipment
Kendaraan 119.145.440 41.976.970 (29.319.472) (60.220) (457.969) 131.284.749 Vehicles
Jumlah 448.363.897 158.446.910 (108.873.220) (195.631) (1.336.188) 496.405.768 Total
Akumulasi penyusutan Accumulated depreciation
Building and land
Bangunan dan prasarana 30.669.763 9.317.109 (6.480.498) (83.157) (766.446) 32.656.771 improvements
Mesin 158.914.543 97.475.343 (71.162.718) – – 185.227.168 Machinery
Peralatan 2.272.866 1.963.609 (1.910.532) – – 2.325.943 Equipment
Kendaraan 41.229.771 29.250.406 (29.319.472) 7.434 (200.551) 40.967.588 Vehicles
Jumlah 233.086.943 138.006.467 (108.873.220) (75.723) (966.997) 261.177.470 Total
Nilai tercatat 215.276.954 235.228.298 Carrying value
110
PT Medco Energi Internasional Tbk 2024 Annual Report
271
269
Page 274
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
16. ASET HAK GUNA (lanjutan) 16. RIGHT-OF-USE ASSETS (continued)
Nilai tercatat untuk aset hak guna adalah sebagai The carrying value of right-of-use assets are as
berikut: follows:
2023
Saldo Awal Saldo Akhir
1 Januari 31 Desember
2023/ Penjabaran 2023/
Beginning Laporan Ending
Balance Keuangan/ Balance
January 1, Penambahan/ Pengurangan/ Translation December 31,
2023 Additions Deductions Adjustments 2023
Biaya perolehan At cost
Bangunan dan prasarana 45.740.116 3.515.251 (4.488.497) 34.054 44.800.924 Building and land improvements
Mesin 191.223.038 99.872.624 (15.361.443) – 275.734.219 Machinery
Peralatan 4.073.551 4.692.178 (4.340) (78.075) 8.683.314 Equipment
Kendaraan 63.743.009 72.160.462 (16.757.446) (585) 119.145.440 Vehicles
Jumlah 304.779.714 180.240.515 (36.611.726) (44.606) 448.363.897 Total
Akumulasi penyusutan Accumulated depreciation
Bangunan dan prasarana 24.121.156 11.012.836 (4.488.497) 24.268 30.669.763 Building and land improvements
Mesin 103.028.265 71.247.721 (15.361.443) – 158.914.543 Machinery
Peralatan 1.045.193 1.310.618 (4.340) (78.605) 2.272.866 Equipment
Kendaraan 30.309.957 27.676.085 (16.757.446) 1.175 41.229.771 Vehicles
Jumlah 158.504.571 111.247.260 (36.611.726) (53.162) 233.086.943 Total
Nilai tercatat 146.275.143 215.276.954 Carrying value
Pada tanggal 31 Desember 2024 dan 2023, Grup As of December 31, 2024 and 2023, the Group
mengakui aset hak guna atas sewa dengan PT Api recognized right-of-use assets related to leases
Metra Graha (pihak berelasi) masing-masing with PT Api Metra Graha (related party) amounting
sebesar AS$9.274.534 dan AS$12.719.515. to US$9,274,534 and US$12,719,515, respectively.
Beban penyusutan untuk asset hak guna yang Depreciation expenses of right-of-use assets have
diakui pada laporan laba rugi: been charged to the statement of profit or loss as
follows:
2024 2023
Beban pokok penjualan dan biaya
langsung lainnya 46.265.876 35.361.581 Cost of revenue and other direct costs
Beban penjualan, umum dan Selling, general and administrative
administrasi (Catatan 36) 2.804.583 7.113.220 expenses (Note 36)
Jumlah 49.070.459 42.474.801 Total
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, based on
berdasarkan evaluasi manajemen, tidak terdapat management’s assessment, there are no
indikasi atau tidak ada faktor yang signifikan bahwa circumstances or no significant factors that would
nilai tercatat aset hak guna mengalami penurunan indicate the carrying value of right-of-use assets
nilai. may be impaired.
272
270 PT Medco Energi Internasional Tbk 2024 Annual Report
111
Page 275
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
17. ASET EKSPLORASI DAN EVALUASI 17. EXPLORATION AND EVALUATION ASSETS
Jumlah/
Amount
Saldo akhir 31 Desember 2022/ Ending balance, December 31, 2022/
Saldo awal 1 Januari 2023 311.431.151 Beginning balance, January 1, 2023
Penambahan 35.595.468 Additions
Akusisi entitas anak 23.607.478 Acquisition of subsidiaries
Direklasifikasi ke aset minyak dan gas bumi (34.653.794) Reclassified to oil and gas properties
Direklasifikasi ke aset keuangan konsesi (94.658.565) Reclassified to concession financial asset
Saldo akhir 31 Desember 2023 241.321.738 Ending balance, December 31, 2023
Penambahan 15.601.090 Additions
Direklasifikasi ke aset minyak dan gas bumi (10.362.395) Reclassified to oil and gas properties
Pelepasan (5.000.000) Disposal
Saldo akhir 31 Desember 2024 241.560.433 Ending balance, December 31, 2024
Berdasarkan penelaahan aset eksplorasi dan Based on the review of exploration and evaluation
evaluasi, manajemen berkeyakinan tidak diperlukan assets, management believes that no further
penurunan nilai lebih lanjut untuk aset eksplorasi impairment of exploration and evaluation assets as
dan evaluasi pada tanggal 31 Desember 2024 dan of December 31, 2024 and 2023 is necessary.
2023.
Akuisisi entitas anak selama tahun 2023 Acquisition of subsidiaries in 2023 involving
merupakan penambahan terkait akuisisi 20% acquisition of 20% participating interest, where
participating interest, dimana Grup merupakan Group acts as partners, in Block 48 - an exploration
rekanan, pada Blok 48 - sebuah entitas pada tahap & evaluation stage entity and in Block 60 - a
eksplorasi dan evaluasi dan pada Blok 60 - sebuah production stage entity. Both blocks are located in
entitas pada tahap produksi. Keduanya berlokasi di Oman.
Oman.
18. ASET MINYAK DAN GAS BUMI 18. OIL AND GAS PROPERTIES
a. Aset Minyak dan Gas Bumi a. Oil and Gas Properties
Akun ini terdiri dari sebagai berikut: This account consists of the following:
2024 2023
Sumur dan perlengkapan terkait dan Wells and related equipment and
fasilitasnya 5.048.097.050 4.773.093.848 facilities
Sumur, perlengkapan dan fasilitas Uncompleted wells, equipment and
dalam pengerjaan 387.569.600 332.097.511 facilities
Operated acreage 402.155.092 402.553.654 Operated acreage
Peralatan dan gudang 23.060.783 22.372.475 Equipment and warehouse
Kendaraan bermotor 326.886 326.886 Vehicles
Jumlah 5.861.209.411 5.530.444.374 Total
Akumulasi penyusutan, deplesi dan Accumulated depreciation, depletion
amortisasi dan cadangan and amortization and impairment
penurunan nilai (3.189.089.334) (2.651.052.110) reserves
Nilai Tercatat 2.672.120.077 2.879.392.264 Carrying Amount
112
PT Medco Energi Internasional Tbk 2024 Annual Report
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271
Page 276
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
a. Aset Minyak dan Gas Bumi (lanjutan) a. Oil and Gas Properties (continued)
Akun ini terdiri dari sebagai berikut: (lanjutan) This account consists of the following:
(continued)
2024
Saldo Akhir 31
Saldo Awal 1 Desember
Januari 2024/ 2024/
Beginning Ending
Balance Balance
Lokasi/ January 1, Penambahan/ Pengurangan/ December 31,
Area Kepemilikan Location 2024 Additions Deductions 2024 Area of Interest
Blok A Aceh 300.865.035 7.904.060 34.632.800 274.136.295 Block A
Grissik Sumatera 829.588.882 44.796.401 186.564.571 687.820.712 Grissik
Sumatera Selatan Sumatera 32.034.063 10.166.658 10.752.688 31.448.033 South Sumatera
Rimau Sumatera 22.675.225 3.508.929 3.571.085 22.613.069 Rimau
Lematang Sumatera 5.491.624 469.144 2.263.407 3.697.361 Lematang
Senoro-Toili Sulawesi 152.384.478 22.828.446 23.348.574 151.864.350 Senoro-Toili
Tarakan Kalimantan 3.166.375 3.771.380 1.790.068 5.147.687 Tarakan
Simenggaris1) Kalimantan 68.491.656 3.762.510 72.254.166 – Simenggaris1)
Bangkanai Kalimantan 231.186.535 1.049.717 22.795.655 209.440.597 Bangkanai
Kepulauan
Riau/Riau
Blok B Islands 343.730.180 122.880.712 54.203.040 412.407.852 Block B
Jawa Timur/
Madura East Java 17.202.791 20.218.152 10.310.438 27.110.505 Madura
Bualuang Thailand 238.606.362 25.611.037 39.501.954 224.715.445 Bualuang
Blok 9 Yaman/Yemen 7.288.565 22.073 881 7.309.757 Block 9
Blok 60 Oman 626.457.750 74.948.274 91.838.400 609.567.624 Block 60
Berbagai
Lokasi/Various
Lain-lain Location 222.743 6.663.844 2.045.797 4.840.790 Others
2.879.392.264 348.601.337 555.873.524 2.672.120.077
1) Pengurangan termasuk reklasifikasi ke aset yang dimiliki untuk dijual dan 1) Deductions include reclassification to assets held for sale and discontinued
operasi yang dihentikan (Catatan 39). operations (Note 39).
274
272 PT Medco Energi Internasional Tbk 2024 Annual Report
113
Page 277
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
a. Aset Minyak dan Gas Bumi (lanjutan) a. Oil and Gas Properties (continued)
Akun ini terdiri dari sebagai berikut: (lanjutan) This account consists of the following:
(continued)
2023
Saldo Akhir
Saldo Awal 1 31 Desember
Januari 2023 2023/
Beginning Ending
Balance Balance
Lokasi/ January 1, Penambahan/ Pengurangan/ December 31,
Area Kepemilikan Location 2023 Additions2) Deductions1) 2023 Area of Interest
Blok A Aceh 384.872.148 6.404.767 90.411.880 300.865.035 Block A
Grissik Sumatera 1.009.398.019 31.987.384 211.796.521 829.588.882 Grissik
Sumatera Selatan Sumatera 31.580.710 7.591.525 7.138.172 32.034.063 South Sumatera
Rimau Sumatera 26.969.923 3.219.044 7.513.742 22.675.225 Rimau
Lematang Sumatera 10.499.825 157.096 5.165.297 5.491.624 Lematang
Senoro-Toili Sulawesi 169.630.993 3.107 17.249.622 152.384.478 Senoro-Toili
Tarakan Kalimantan 515.773 3.696.803 1.046.201 3.166.375 Tarakan
Simenggaris Kalimantan 58.081.346 16.688.489 6.278.179 68.491.656 Simenggaris
Bangkanai Kalimantan 252.567.729 469.007 21.850.201 231.186.535 Bangkanai
Kepulauan
Riau/Riau
Blok B Islands 247.400.140 158.395.257 62.065.217 343.730.180 Block B
Jawa Timur/
Madura East Java 24.070.520 – 6.867.729 17.202.791 Madura
Bualuang Thailand 238.930.377 47.203.331 47.527.346 238.606.362 Bualuang
Area 47 1) Libya 119.244.285 – 119.244.285 – Area 47 1)
Blok 9 Yaman/Yemen 6.228.176 1.076.980 16.591 7.288.565 Block 9
Blok 60 2) Oman – 631.656.674 5.198.924 626.457.750 Block 60 2)
Berbagai
Lokasi/Various
Lain-lain Location 730.483 100.000 607.740 222.743 Others
2.580.720.447 908.649.464 609.977.647 2.879.392.264
1) Pengurangan termasuk reklasifikasi ke aset yang dimiliki untuk dijual dan 1) Deductions include reclassification to assets held for sale and discontinued
operasi yang dihentikan (Catatan 39). operations (Note 39).
2) Penambahan termasuk akuisisi 20% non-operated participating interest di Blok 2) Additions include acquisition 20% non-operated participating interest in Block 60
60 - Oman sebesar AS$626.056.990 (Catatan 48). - Oman amounting to US$626,056,990 (Note 48).
Pada tahun 2024, Grup merevisi estimasi cadangan In 2024, the Group revised the estimated proved
terbukti dan terduga (P1 dan P2) di wilayah kerja and probable reserves (P1 and P2) in Senoro-Toili
Senoro-Toili dan Blok A berdasarkan laporan and Block A area based on the independent
penilai independen yang diperoleh dari konsultan appraisal reports from independent technical
teknik independen perusahaan serta di wilayah consultants as well as in Rimau, South Sumatera,
kerja Rimau, Sumatera Selatan, Lematang, Lematang, Tarakan, Block B, Sampang, Bangkanai,
Tarakan, Blok B, Sampang, Bangkanai, Madura, Madura, Grissik, Bualuang and Oman Block 60
Grissik, Bualuang dan Oman Blok 60 berdasarkan area based on the Company’s internal report. As a
laporan internal Perusahaan. Penyesuaian atas result, the depletion expense decreased by
saldo estimasi cadangan tersebut menurunkan US$88.9 million.
beban deplesi sebesar AS$88.9 juta.
114
PT Medco Energi Internasional Tbk 2024 Annual Report
275
273
Page 278
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
a. Aset Minyak dan Gas Bumi (lanjutan) a. Oil and Gas Properties (continued)
Dampak perubahan estimasi cadangan terbukti The impact of the change in the estimated
dan terduga (P1 dan P2) tersebut pada periode proved and probable reserves (P1 and P2) in
mendatang menambah (mengurangi) beban the future periods is addition (deduction) to the
deplesi sebagai berikut: depletion expenses as follows:
Jumlah/
Amount
Tahun Year
2025 (40.427.363) 2025
2026 (4.049.493) 2026
2027 (25.198.220) 2027
2028 116.358.599 2028
2029 (929.725) 2029
Jumlah 45.753.798 Total
Tidak terdapat beban bunga dan beban There are no interest and other financing costs
pendanaan lainnya yang dikapitalisasi sebagai that are capitalized as oil and gas properties for
aset minyak dan gas bumi untuk tahun yang the years ended December 31, 2024 and 2023.
berakhir pada 31 Desember 2024 dan 2023.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, all wells,
seluruh sumur, area tambang dan perlengkapan mining areas and related equipment and
dan fasilitas terkait yang dimiliki entitas anak facilities of subsidiaries involved in oil and gas
yang bergerak di bidang eksplorasi dan exploration and production are insured for
produksi minyak dan gas bumi diasuransikan US$13.2 billion US$13.0 billion, respectively.
dengan nilai pertanggungan masing-masing Management believes that the insurance
sebesar AS$13,2 miliar dan AS$13,0 miliar. coverage is adequate to cover possible losses
Manajemen berkeyakinan bahwa nilai on the assets insured.
pertanggungan tersebut adalah cukup untuk
menutupi kemungkinan kerugian atas aset yang
dipertanggungkan.
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties
Pengujian penurunan nilai atas aset minyak dan Impairment test on oil and gas properties is
gas bumi dilakukan ketika terdapat suatu performed when circumstances indicate that the
indikasi bahwa nilai tercatat aset minyak dan CGU’s carrying value may be impaired. In this
gas bumi tersebut mengalami penurunan. matter, the management of the Group
Dalam hal ini, manajemen Grup menentukan determined the participating interests in the
hak kepemilikan pada masing-masing blok respective blocks as a CGU.
sebagai satu UPK.
276
274 PT Medco Energi Internasional Tbk 2024 Annual Report
115
Page 279
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties (continued)
(lanjutan)
Grup mempertimbangkan berbagai faktor The Group considers various external and
eksternal dan internal ketika menelaah indikator internal factors when reviewing for indicators of
penurunan nilai, seperti perubahan signifikan impairment, such as significant changes with an
dengan dampak yang buruk pada entitas yang adverse effect on the entity have taken place
telah terjadi selama tahun berjalan, suku bunga during the year, market interest rates or other
pasar atau tingkat pengembalian investasi yang market rates of return on investments have
naik selama tahun berjalan, keusangan atau increased during the year, obsolescence or
kerusakan fisik suatu aset, analisa harga physical damage of an asset, analysis of actual
minyak dan gas bumi aktual, perkiraan harga oil and gas prices, forecasted oil prices and
minyak dan kecenderungan harga minyak trend of global oil prices, among other factors.
global dan faktor - faktor lainnya.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023,
manajemen melakukan evaluasi atas jumlah management made an evaluation of the
terpulihkan dan nilai tercatat atas minyak dan recoverable amount and the carrying amount of
gas dan membukukan penurunan nilai sebagai oil and gas properties and recorded the
berikut: impairment losses as follows:
2024
Jumlah
terpulihkan/ Penurunan nilai/
Recoverable Nilai tercatat/ Impairment
amount Carrying amount losses
Aset minyak dan gas
bumi Oil and gas properties
Simenggaris 1)
22.313.542 42.341.756 20.028.214 Simenggaris
1) Disajikan sebagai aset yang dimiliki untuk dijual 1) Classified as assets held-for-sale
2023
Jumlah
terpulihkan/ Penurunan nilai/
Recoverable Nilai tercatat/ Impairment
amount Carrying amount losses
Aset minyak dan gas
bumi Oil and gas properties
Blok A 300.865.035 359.837.857 58.972.822 Block A
Mutasi cadangan penurunan nilai adalah Movements in allowance for impairment losses
sebagai berikut: are as follows:
2024 2023
Saldo awal 447.738.614 388.765.792 Beginning balance
Penurunan nilai tahun berjalan 20.028.214 58.972.822 Impairment during the year
Saldo akhir 467.766.828 447.738.614 Ending balance
116
PT Medco Energi Internasional Tbk 2024 Annual Report
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275
Page 280
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties (continued)
(lanjutan)
Grup memperhitungkan jumlah terpulihkan The Group calculated the recoverable amount
berdasarkan nilai pakai yang dihitung based on value in use calculation using cash
berdasarkan proyeksi arus kas. Nilai wajar flow projection. The fair value was determined
ditentukan dengan menggunakan perhitungan by using a post-tax discounted cashflow (“DCF”)
arus kas diskonto setelah pajak. calculation.
Proyeksi arus kas didasarkan pada produksi The cashflow projection is based on production
dan rencana pengembangan yang telah and development forecast approved by
disetujui oleh manajemen yang mencakup management covering the estimated period of
estimasi periode kontrak. Periode proyeksi contract. The period of projection ranges from 3
berkisar antara 3 - 29 tahun. - 29 years.
Asumsi yang digunakan Key assumptions used
Perhitungan nilai pakai untuk aset minyak dan The calculation of value in use for oil and gas
gas bumi sangat sensitif terhadap asumsi- properties is most sensitive to the following
asumsi di bawah ini: assumptions:
a. Lifting a. Lifting
b. Harga b. Prices
c. Tingkat diskonto c. Discount rates
d. Beban operasi dan modal d. Operating and capital expenses
Lifting: Lifting tahunan yang diproyeksikan ini Lifting: The projected annual lifting is based on
berdasarkan rencana bisnis manajemen dengan management business plan considering the
mempertimbangkan kondisi saat ini dan current conditions and future expectations.
ekspektasi masa depan.
Harga: Harga perkiraan minyak dan gas Prices: Forecast oil and gas prices are based on
didasarkan pada estimasi manajemen dan data management’s estimation and available market
pasar yang tersedia. data.
Kenaikan sepuluh persen (10%) pada proyeksi The increase of ten percent (10%) in oil price
harga minyak akan menaikkan jumlah forecast will increase the recoverable amount of
terpulihkan aset minyak dan gas bumi masing- oil and gas properties by US$223.6 million and
masing sebesar AS$223,6 juta dan AS$179,4 US$179.4 million as of December 31, 2024 and
juta pada tanggal 31 Desember 2024 dan 2023. 2023.
Tingkat diskonto: Pada tanggal 31 Desember Discount rates: As of December 31, 2024 the
2024, tingkat diskonto sebelum pajak yang pre-tax discount rate applied to the cash flow
diterapkan pada proyeksi arus kas berada pada projection is within the range of 13.54% -
kisaran 13,54% - 23,15%. 23.15%.
Kenaikan satu persen (1%) pada tingkat The increase of one percent (1%) in discount
diskonto akan menurunkan jumlah terpulihkan rate will decrease the recoverable amount of oil
aset minyak dan gas bumi masing-masing and gas properties by US$173.4 million and
sebesar AS$173,4 juta dan AS$91,5 juta pada US$91.5 million as of December 31, 2024 and
tanggal 31 Desember 2024 dan 2023. 2023.
Beban operasi dan modal: Asumsi ini Operating and capital expenses: These
didasarkan pada perencanaan beban operasi assumptions are based on the Group’s
dan modal Grup. Manajemen memiliki kontrol operating and capital expenses plan. The
penuh atas biaya, dan percaya bahwa asumsi management has full control over the costs and
akan tercapai. believes the assumptions will be achievable.
278
276 PT Medco Energi Internasional Tbk 2024 Annual Report
117
Page 281
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
18. ASET MINYAK DAN GAS BUMI (lanjutan) 18. OIL AND GAS PROPERTIES (continued)
b. Uji penurunan nilai atas aset eksplorasi dan b. Impairment test on exploration and evaluation
evaluasi, dan aset minyak dan gas bumi assets, and oil and gas properties (continued)
(lanjutan)
Asumsi yang digunakan (lanjutan) Key assumptions used (continued)
Perubahan terhadap asumsi yang digunakan Changes to the assumptions used by the
oleh manajemen dalam menentukan jumlah management to determine the recoverable
terpulihkan, khususnya tingkat diskonto dan amount, in particular the discount rate and oil
harga minyak, dapat berdampak signifikan pada price, can have significant impact on the result
hasil pengujian. Manajemen berkeyakinan of the impairment assessment. Management is
bahwa tidak terdapat kemungkinan yang of the opinion that there was no reasonably
beralasan bahwa asumsi utama tersebut di atas possible change in any of the key assumptions
dapat berubah sehingga nilai yang terpulihkan stated above that would cause the recoverable
masing-masing UPK menjadi lebih rendah dari amount of the CGU to decline materially below
nilai yang tercatat secara material. its carrying amount.
Pada tanggal 31 Desember 2024, berdasarkan As of December 31, 2024, based on
evaluasi manajemen, tidak terdapat indikasi management’s assessment, there are no
atau tidak ada faktor yang signifikan bahwa nilai circumstances or no significant factors that
tercatat aset minyak dan gas bumi mengalami would indicate the carrying value of oil and gas
penurunan niai. assets may be impaired.
Berdasarkan penelaahan atas aset minyak dan Based on the review of the individual oil and gas
gas bumi secara individu, selain kerugian properties, other than the impairment losses
penurunan nilai yang diakui di atas, manajemen recognized above, the management believes
berkeyakinan bahwa tidak diperlukan that no further impairment in value of oil and gas
penurunan nilai lebih lanjut atas aset minyak properties is necessary as of December 31,
dan gas bumi pada tanggal 31 Desember 2024 2024 and 2023.
dan 2023.
19. GOODWILL 19. GOODWILL
Goodwill dicatat dari akuisisi operasi bisnis PT Goodwill was recorded as the part of the
Medco Power Internasional dan ConocoPhillips acquisitions of the business operations of PT
Singapore Operations Pte Limited, yang Medco Power Internasional and ConocoPhillips
menciptakan sinergi dengan portofolio Grup yang Singapore Operations Pte Limited, that created
f
ada. synergies with the Group’s existing portfolio.
Goodwill tersebut tidak diharapkan dapat Goodwill is not expected to be deductible for tax
dikurangkan untuk tujuan pelaporan pajak. purposes.
Akuisisi PT Medco Power Internasional (“MPIn”) Acquisition of PT Medco Power Internasional
(“MPIn”)
Saldo goodwill dari akuisisi MPIn telah melalui The goodwill arose from the acquisition of MPIn
serangkaian transaksi, sehingga pada saat ini through a series of transactions, resulting in the
Perusahaan memiliki 100% kepemilikan langsung current 100% ownership in MPIn by the Company,
di MPIn, dimana MPIn memiliki 51% kepemilikan di where MPIn has 51% ownership in MPI. On top of
MPI. Selain itu, Perusahaan juga memiliki 49% that, the Company also has 49% direct ownership
kepemilikan langsung di MPI. Sisa saldo goodwill in MPI. Goodwill balance from the acquisition of
dari akuisisi MPIn sebesar AS$38.049.241. MPIn amounted to US$38,049,241.
118
PT Medco Energi Internasional Tbk 2024 Annual Report
279
277
Page 282
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
19. GOODWILL (lanjutan) 19. GOODWILL (continued)
Akuisisi ConocoPhillips Singapore Operations Acquisition of ConocoPhillips Singapore
Pte Limited (“CSOP”) Operations Pte Limited (“CSOP”)
Pada tanggal 18 September 2016, Medco Natuna On September 18, 2016, Medco Natuna Pte. Ltd.
Pte. Ltd. menandatangani Share Purchase and signed a Share Purchase and Sale Agreement
Sale Agreement (“SPA”) dengan ConocoPhillips (“SPA”) with ConocoPhillips Indonesia Holding
Indonesia Holding Limited (“ConocoPhillips”) dan Limited (“ConocoPhillips”) and ConocoPhillips
ConocoPhillips Company, untuk mengakuisisi 100% Company, to acquire 100% shares of its
saham anak perusahaannya, ConocoPhillips subsidiaries, ConocoPhillips Singapore Operations
Singapore Operations Pte Limited (“CSOP”) Pte Limited (“CSOP”) with acquisition price
dengan nilai pembelian sebesar AS$1.000.000. amounting to US$1,000,000. Goodwill that was
Saldo goodwill yang timbul dari akuisisi ini sebesar recognized from this acquisition amounted to
AS$1.017.204. US$1,017,204.
Uji penurunan nilai terhadap Goodwill Impairment test on Goodwill
Dalam menguji apakah penurunan nilai goodwill In assessing whether impairment on goodwill is
diperlukan, nilai tercatat goodwill dialokasikan ke required, the carrying value of goodwill is allocated
aset atau UPK yang relevan untuk mendapatkan to the relevant assets or CGU to obtain combined
nilai tercatat kombinasian. Nilai tercatat carrying value. The combined carrying value is
kombinasian tersebut dibandingkan dengan nilai compared with CGU’s recoverable amount. The
terpulihkan UPK. Grup menguji penurunan nilai Group performs testing of goodwill impairment
goodwill setiap tahun (pada tanggal 31 Desember) annually (on December 31) or when circumstances
atau ketika keadaan yang mengindikasikan bahwa indicate that the carrying value may be impaired.
nilai tercatat mungkin mengalami penurunan nilai.
Grup mempertimbangkan berbagai faktor eksternal The Group considers various external and internal
dan internal ketika menelaah indikator penurunan factors when reviewing for indicators of impairment
nilai selama periode interim sehubungan UPK, during the interim period as it relates to the CGU,
seperti perubahan signifikan dengan dampak yang such as significant changes with an adverse effect
buruk pada entitas yang telah terjadi selama tahun on the entity have taken place during the year,
berjalan, suku bunga pasar atau tingkat market interest rates or other market rates of return
pengembalian investasi yang telah naik selama on investments thus have increased during the
tahun berjalan, keusangan atau kerusakan fisik year, obsolescence or physical damage of an asset
suatu aset dan kontrak jangka panjang dengan and long-term contracts with customers, among
pembeli dan faktor-faktor lainnya. other factors.
Untuk tujuan pengujian penurunan nilai pada For impairment testing purposes on December 31,
tanggal 31 Desember 2024 dan 2023, jumlah 2024 and 2023, the recoverable amounts of the
terpulihkan UPK ditentukan berdasarkan “nilai CGU are determined based on “value-in-use” using
pakai” (value-in-use) dengan menggunakan metode discounted cash flows method. The following is the
arus kas yang didiskontokan. Berikut adalah summary of key assumptions used:
ringkasan dari asumsi utama yang digunakan:
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Page 283
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
19. GOODWILL (lanjutan) 19. GOODWILL (continued)
Asumsi-asumsi utama yang digunakan Key assumptions used
PT Medco Power Internasional (“MPIn”) PT Medco Power Internasional (“MPIn”)
Jumlah terpulihkan UPK ditentukan berdasarkan The recoverable amount of the CGU has been
jumlah terpulihkan penilaian bisnis MPIn yang determined based on the recoverable amount of
terdiri dari MPI dan entitas anaknya dengan MPIn business valuation comprised of MPI and its
menggunakan proyeksi arus kas yang subsidiaries using discounted cash flow projections
didiskontokan dari rencana bisnis selama 11 from the business plan covering 11-year period to
sampai dengan 36 tahun yang merupakan periode 36-year period which represents contract period for
kontrak entitas-entitas tersebut dengan pelanggan. the respective entities with their customers.
a. Tingkat diskonto: tingkat diskonto sebelum a. Discount rate: the pre-tax discount rate used as
pajak yang digunakan pada tanggal 31 of December 31, 2024 dan 2023 was 7.81% -
Desember 2024 dan 2023 masing-masing 11.15% and 8.40% - 11.38%, respectively
adalah 7,81% - 11,15% dan 8,40% - 11,38% derived from the post-tax weighted average
yang dihasilkan dari rata-rata biaya modal cost of capital (WACC) of the respective CGUs,
tertimbang setelah dikurangi pajak (WACC) with risk free rate of 5.61% - 7.11% and 4.27%
dari UPK, dengan tingkat bunga bebas risiko - 6.85%, respectively, and cost of debt of
masing-masing adalah 5,61% - 7,11% dan 6.39% - 9.21% and 6.73% - 9.41%,
4,27% - 6,85% dan biaya utang masing-masing respectively, which are already adjusted based
adalah 6,39% - 9,21% dan 6,73% - 9,41% on the current condition of MPI and its
yang sudah disesuaikan berdasarkan kondisi subsidiaries.
kini MPI dan entitas anaknya.
b. Harga listrik dan jasa perawatan: asumsi harga b. Electricity rates and maintenance service rates:
selama periode proyeksi berdasarkan data forecasted prices over the projection period are
historis dan estimasi manajemen atas fluktuasi based on historical rates and management’s
harga masa depan dan penyesuaian. estimates on future price fluctuation and
adjustments.
c. Biaya produksi listrik dan belanja modal: c. Electricity production costs and capital
asumsi ini berdasarkan biaya produksi historis expenditures: these assumptions are based on
dan rencana belanja modal. historical production costs and planned capital
expenditures.
Manajemen berpendapat bahwa tidak ada Management is of the opinion that there was no
kemungkinan perubahan yang wajar atas salah reasonably possible change in any of the key
satu asumsi utama yang disebutkan di atas yang assumptions stated above that would cause the
akan menyebabkan jumlah tercatat secara material carrying amount to materially exceed its
melebihi jumlah terpulihkannya. recoverable amount.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, based on
berdasarkan evaluasi manajemen, jumlah management’s assessment, the total recoverable
terpulihkan dari UPK lebih tinggi dari nilai tercatat amount of the CGU is higher than the CGU’s
UPK, sehingga, manajemen berpendapat tidak carrying amount, therefore, management is of the
terdapat kerugian penurunan nilai yang diperlukan opinion that there are no impairment losses
atas goodwill dari akuisisi MPIn. necessary on the goodwill arising from MPIn
acquisition.
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279
Page 284
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
20. ASET LAIN-LAIN 20. OTHER ASSETS
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
2024 2023
Lancar Current
Uang muka kontrak kepada pihak
berelasi 86.649.781 101.631.758 Contract advance to a related party
Uang muka 30.965.972 20.867.152 Advances
Uang muka pemasaran 4.563.385 9.576.000 Marketing advance
Jumlah 122.179.138 132.074.910 Total
Tidak lancar Non-current
Uang muka untuk pembelian/sewa 118.969.944 11.199.812 Advance payments for purchase/rental
Uang muka atas liabilitas
pembongkaran aset dan restorasi Advance of asset abandonment and
area 27.299.707 15.576.313 site restoration obligation
Setoran jaminan 1.049.870 1.059.615 Security deposits
Uang muka kontrak kepada pihak
berelasi – 27.000.000 Contract advance to a related party
Uang muka pemasaran – 1.999.927 Marketing advance
Lain-lain 1.149.018 1.408.707 Others
Jumlah 148.468.539 58.244.374 Total
Uang muka kontrak kepada pihak berelasi Contract advance to a related party is advance to
merupakan uang muka kepada PT Medco Daya PT Medco Daya Abadi Lestari Singapore Branch
Abadi Lestari Singapore Branch (MDAL SG) yang (MDAL SG) which is interest bearing and pertaining
dikenakan bunga serta terkait dengan transaksi to crude oil transaction (Note 49).
minyak mentah (Catatan 49).
Uang muka terutama merupakan uang muka yang Advances mainly represents deposit payment to
dibayarkan kepada pihak ketiga sehubungan third party in respect of a potential investment which
dengan investasi potensial yang sedang ditinjau is under review by the Group.
oleh Grup.
Uang muka pemasaran merupakan uang muka Marketing advance is advance to Meta Pacific
yang dibayarkan kepada Meta Pacific Resources Resources Pte. Ltd. to provide marketing activities
Pte. Ltd. terkait dengan pemberian jasa pemasaran including but not limited to procurement of
termasuk namun tidak terbatas pada pengadaan prepayment facilities related to the marketing of the
fasilitas uang muka sehubungan dengan crude oil of the Group.
pemasaran minyak mentah Grup.
Saldo uang muka untuk pembelian/sewa terdiri atas Advance payments for purchase/rental represent
pembayaran-pembayaran uang muka yang dibuat payments made in relation to the acquisition/rental
berkaitan dengan perolehan/sewa berbagai aset. of various assets.
282
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121
Page 285
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
21. UTANG USAHA 21. TRADE PAYABLES
Rincian akun ini adalah sebagai berikut: The details of this account are as follows:
a. Berdasarkan Pemasok a. By Supplier
2024 2023
Pihak berelasi Related parties
Medco Daya Oman Block 60 Pte Ltd 16.744.412 - Medco Daya Oman Block 60 Pte Ltd
PT Medco Daya Natuna 7.769.147 24.667.222 PT Medco Daya Natuna
PT Medco Daya Makmur 5.575.641 5.889.621 PT Medco Daya Makmur
PT Bahtera Daya Makmur 4.543.295 7.490.411 PT Bahtera Daya Makmur
PT Medco Daya Energi Nusantara 1.807.182 1.997.080 PT Medco Daya Energi Nusantara
PT Transportasi Gas Indonesia 1.329.841 - PT Transportasi Gas Indonesia
Sub-jumlah 37.769.518 40.044.334 Sub-total
Pihak ketiga Third parties
Pemasok dalam negeri 272.393.462 198.269.182 Local suppliers
Pemasok luar negeri 33.434.611 49.873.090 Foreign suppliers
Sub-jumlah 305.828.073 248.142.272 Sub-total
Jumlah 343.597.591 288.186.606 Total
b. Berdasarkan Umur b. By Aging Category
2024 2023
Sampai dengan 1 bulan 318.189.238 229.225.229 Up to 1 month
1 - 3 bulan 3.900.167 38.959.586 1 - 3 months
3 - 6 bulan 2.504.015 4.699.671 3 - 6 months
6 bulan - 1 tahun 7.356.497 9.956.099 6 months - 1 year
Lebih dari 1 tahun 11.647.674 5.346.021 More than 1 year
Jumlah 343.597.591 288.186.606 Total
c. Berdasarkan Mata Uang c. By Currency
2024 2023
Dolar Amerika Serikat 291.139.807 248.950.396 United States Dollar
Rupiah 48.950.364 35.787.963 Rupiah
Baht Thailand 2.080.988 3.411.259 Thailand Baht
Dolar Singapura 27.051 29.479 Singapore Dollar
Lain-lain 1.399.381 7.509 Others
Jumlah 343.597.591 288.186.606 Total
Utang usaha dari pemasok dalam negeri maupun Trade payables to local and foreign suppliers, joint
luar negeri, mitra operasi bersama dan pihak venture partners and related parties where the
berelasi dimana Perusahaan merupakan operator Company is the PSC Operator are non-interest
PSC tidak dikenakan bunga, tidak dijaminkan dan bearing, unsecured and generally have credit terms
secara umum mempunyai masa kredit sampai of up to one month.
dengan satu bulan.
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281
Page 286
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
22. LIABILITAS KONTRAK 22. CONTRACT LIABILITIES
Liabilitas kontrak termasuk uang muka jangka Contract liabilities include short-term and long-term
pendek dan panjang yang diterima untuk advances received to deliver oil and gas to
mengirimkan minyak dan gas bumi kepada customers.
pelanggan.
Rincian liabilitas kontrak adalah sebagai berikut: The details of contract liabilities are as follows:
2024 2023
Shell International Eastern Trading Shell International Eastern Trading
Company 149.090.909 – Company
PT Perusahaan Listrik Negara (Persero) 9.646.920 9.123.283 PT Perusahaan Listrik Negara (Persero)
Glencore Singapore Pte. Ltd. (Catatan 49) – 80.000.000 Glencore Singapore Pte. Ltd. (Note 49)
Uang Muka dari Pengaturan Pasokan Gas – 1.642.768 Advance for Substitution Gas Sales
PT Metaepsi Pejebe Power Generation – 533.777 PT Metaepsi Pejebe Power Generation
Lain-lain (masing-masing di bawah
AS$1.000.000) 421.259 827.052 Others (each below US$1,000,000)
Jumlah 159.159.088 92.126.880 Total
Bagian yang jatuh tempo dalam satu tahun (76.068.456) (91.178.344) Current portion
Bagian jangka panjang 83.090.632 948.536 Long-term portion
Pada tahun 31 Desember 2024 dan 2023, sebagian As of December 31, 2024, and 2023, most of the
besar liabilitas kontrak Grup merupakan uang muka Group's contract liabilities consist of advances on
atas penjualan minyak mentah (Catatan 34), di crude oil sales (Note 34), where on 2024 and 2023,
mana untuk tahun 2024 dan 2023, telah diakui revenue has been recognized amounting to
sebagai pendapatan dari kontrak dengan US$130,909,091 and US$20,000,000 respectively
pelanggan masing-masing sebesar (Note 49).
AS$130.909.091 dan AS$20.000.000 (Catatan 49).
23. UTANG LAIN-LAIN 23. OTHER PAYABLES
2024 2023
Pihak berelasi Related Parties
PT Medco Daya Makmur 9.566.698 11.176.562 PT Medco Daya Makmur
PT Medco Daya Natuna 3.343.292 1.107.316 PT Medco Daya Natuna
PT Medco Daya Energi Nusantara 1.254.360 1.841.023 PT Medco Daya Energi Nusantara
PT Bahtera Daya Makmur 873.957 804.451 PT Bahtera Daya Makmur
PT Api Metra Graha 128.901 – PT Api Metra Graha
PT Medco Daya Abadi Lestari 1.033 352.366 PT Medco Daya Abadi Lestari
Kuala Langsa (Block A) Limited (KLL) – 79.591 Kuala Langsa (Block A) Limited (KLL)
Jumlah 15.168.241 15.361.309 Total
Pihak ketiga Third Parties
OQ Exploration and Production LLC 61.405.192 53.605.558 OQ Exploration and Production LLC
Kewajiban pajak atas First Tranche Tax payable on First Tranche
Petroleum 41.260.783 33.635.667 Petroleum
Utang kepada Operasi Bersama 21.132.657 17.674.279 Payables to Joint Operations
PT Ormat Geothermal Power 31.905.405 16.007.845 PT Ormat Geothermal Power
Utang untuk pembiayaan kegiatan Payables for construction and
konstruksi dan operasi 10.167.494 9.889.207 operation activities financing
284
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Page 287
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
23. UTANG LAIN-LAIN (lanjutan) 23. OTHER PAYABLES (continued)
2024 2023
Pihak ketiga (lanjutan) Third Parties (continued)
Mitsui Oil Exploration Co., Ltd. 5.565.000 5.565.000 Mitsui Oil Exploration Co., Ltd.
Solar Philippines Power Project Solar Philippines Power Project
Holdings, Inc. 5.288.691 3.668.574 Holdings, Inc.
KPIC Netherlands B.V. and Kanden KPIC Netherlands B.V. and Kanden
Power-Tech Corp. 3.007.205 3.784.037 Power-Tech Corp.
PT Sangsaka Hidro Tiara (SHT) 2.713.844 2.844.385 PT Sangsaka Hidro Tiara (SHT)
Utang kepada Lundin Sea Holding B.V. 1.492.358 2.166.242 Payable to Lundin Sea Holding B.V.
Asuransi 1.025.071 1.165.407 Insurance
Standard Chartered Bank
Standard Chartered Bank (Singapore) – 4.500.000 (SIngapore)
Lain-lain (masing-masing di bawah
AS$2.000.000) 38.175.997 32.615.886 Others (each below US$2,000,000)
Jumlah 223.139.697 187.122.087 Total
Bagian yang jatuh tempo dalam satu
tahun (132.091.345) (101.412.447) Current portion
Bagian jangka panjang 91.048.352 85.709.640 Long-term portion
Utang kepada PT Medco Daya Makmur (“MDM”), Payables to PT Medco Daya Makmur (“MDM”), PT
PT Bahtera Daya Makmur (“BDM”), PT Medco Bahtera Daya Makmur (“BDM”), PT Medco Daya
Daya Natuna (“MDN”) dan PT Medco Daya Energi Natuna (“MDN”) and PT Medco Daya Energi
Nusantara ("MDEN") terkait dengan aktivitas Nusantara ("MDEN") in relation to exploration and
eksplorasi dan produksi untuk kontrak kerjasama di production activities to joint operations in South
Blok Sumatera Selatan, Rimau, Blok A, dan Blok B. Sumatera, Rimau, Block A, and Block B blocks.
Utang kepada OQ Exploration and Production LLC Payables to OQ Exploration and Production LLC in
terkait dengan sisa pembayaran yang ditangguhkan relation to deferred payment of purchase 20% non-
atas pembelian 20% non-operated participating operated participating interest in Exploration and
interest pada Exploration and Production Sharing Production Sharing Agreement (EPSA) in Block 60
Agreement (EPSA) Blok 60 dan Blok 48 Oman dan and Block 48 in Oman and payables related to cash
utang atas cash call terkait operasi bersama. call for joint operations.
Utang kepada Operasi Bersama merupakan utang Payables to Joint Operations represent payables for
atas aktivitas eksplorasi dan produksi yang exploration and production activities related to joint
berkaitan dengan kontrak kerjasama dimana Grup operations where the Group is not the operator.
bukan merupakan operator.
Kewajiban pajak atas First Tranche Petroleum Tax payable on First Tranche Petroleum (FTP) is
(FTP) merupakan bagian kurang bayar pajak part of underpayment of income tax and dividend
penghasilan badan dan pajak dividen atas bagian tax on FTP share of subsidiaries involved in oil and
FTP entitas anak yang bergerak di bidang gas exploration and production in Indonesia. The
eksplorasi dan produksi minyak dan gas bumi di Subsidiaries will pay the tax if the balance of
Indonesia. Entitas Anak akan membayar pajak accumulative FTP has exceeded the balance of the
tersebut apabila saldo akumulasi FTP lebih besar unrecovered cost.
daripada saldo unrecovered cost.
Utang untuk pembiayaan kegiatan konstruksi dan Payables for construction and operation activities
operasi merupakan utang atas pembiayaan proyek financing represent payables for financing power
pembangunan dan untuk operasi proyek plant construction and for the operation of power
pembangkit tenaga listrik. plant projects.
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283
Page 288
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
23. UTANG LAIN-LAIN (lanjutan) 23. OTHER PAYABLES (continued)
Utang kepada PT Ormat Geothermal Power The amount payable to PT Ormat Geothermal
merupakan utang terkait biaya eksplorasi dan Power represents payable related to exploration
evaluasi tenaga panas bumi. and evaluation costs of the geothermal power plant.
Utang kepada Mitsui Oil Exploration Co., Ltd. The amount payable to Mitsui Oil Exploration Co.,
merupakan utang terkait pengembangan Proyek Ltd. represents payable related to development of
Panas Bumi Bonjol. Bonjol Geothermal Project.
Utang kepada Standard Chartered Bank Payable to Standard Chartered Bank (Singapore)
(Singapore) terkait dengan biaya komitmen pertains to commitment fee in relation to acquisition
terutang atas biaya akuisisi Blok 60 dan Blok 48 of Block 60 and Block 48 Oman.
Oman.
Utang kepada KPIC Netherlands B.V. (KPN) dan Payable to KPIC Netherlands B.V. (KPN) and
Kanden Power-Tech Corporation (KPT) merupakan Kanden Power-Tech Corporation (KPT) represents
utang yang belum terselesaikan terkait dengan outstanding amount related to the transaction
transaksi antara MPI dengan KPN dan KPT dalam between MPI with KPN and KPT on the
pengembangan bisnis produsen listrik independen development of gas independent power producer
gas ("gas-IPP") dan operasi & pemeliharaan (“gas-IPP”) and operation & maintenance (“O&M”)
("O&M") di Indonesia. businesses in Indonesia.
Utang kepada SHT merupakan biaya konstruksi Payable to SHT represents construction costs of
pembangkit listrik tenaga mini-hydro yang the mini-hydro power plant advanced by SHT.
dibayarkan oleh SHT.
Asuransi merupakan utang terkait asuransi medis Insurance mainly represents payable related to
dan kesehatan karyawan. medical and health insurance of employees.
Utang kepada Solar Philippines Power Project The amount payable to Solar Philippines Power
Holdings, Inc. merupakan utang terkait biaya Project Holdings, Inc. represents payable related to
pengembangan proyek pembangkit listrik Solar Bali project development cost of Solar West Bali and
Barat dan Solar Bali Timur. Solar East Bali power plant.
Utang kepada Lundin Sea Holding B.V. merupakan Payable to Lundin Sea Holding B.V. represents the
jumlah yang akan dibayar oleh Medco Lematang amount to be paid by Medco Lematang B.V., a
B.V., entitas anak, pada saat pendapatan dari Blok subsidiary, once the revenue from the Lematang
Lematang setelah periode perpanjangan telah Block after the extension has reached certain
mencapai kondisi yang disebutkan pada perjanjian. condition as stipulated in the agreement.
286
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Page 289
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
24. LIABILITAS SEWA 24. LEASE LIABILITIES
Liabilitas sewa jangka panjang merupakan The long-term lease liabilities represent the
pengakuan liabilitas sewa (PSAK 116) atas recognition of lease liabilities (PSAK 116) from
perjanjian sewa peralatan kantor dan lainnya, sewa equipment rental, building and land improvement
bangunan dan prasarana, sewa mesin, dan sewa rental, machinery rental, and vehicle rental.
kendaraan.
Pembayaran sewa minimum masa yang akan Future minimum lease payment may be analyzed
datang dianalisis sebagai berikut: as follows:
2024 2023
Saldo awal 238.461.411 186.230.620 Beginning balance
Ditambah: Add:
Penambahan tahun berjalan 198.673.707 180.457.793 Addition in current year
Akresi bunga 19.055.160 12.286.613 Accretion of interest
Dikurangi: Less:
Pembayaran liabilitas sewa (177.006.252) (139.890.195) Repayment of lease liabilities
Penyesuaian kurs (927.546) (623.420) Foreign exchange adjustment
Reklasifikasi ke aset tersedia untuk
dijual (369.118) – Reclassification to asset held for sale
Saldo akhir 277.887.362 238.461.411 Ending balance
Dikurangi bagian yang jatuh tempo
dalam satu tahun (130.372.051) (123.824.579) Less current maturities
Bagian jangka panjang - neto 147.515.311 114.636.832 Long-term maturities - net
Lebih dari satu tahun sampai lima After one year but not more than five
tahun 147.267.434 114.353.012 years
Lebih dari lima tahun 247.877 283.820 More than five years
Jumlah 147.515.311 114.636.832 Total
Grup tidak menghadapi risiko likuiditas signifikan The Group does not face a significant liquidity risk
sehubungan dengan liabilitas sewa yang dimiliki. with regard to its lease liabilities.
Pada tanggal 31 Desember 2024 dan 2023, Grup As of December 31, 2024 and 2023, the Group
mengakui liabilitas sewa atas sewa dengan PT Api recognized lease liabilities related to leases with PT
Metra Graha (pihak berelasi) masing-masing Api Metra Graha (related party) amounting to
sebesar AS$9.279.999 dan AS$12.853.158. US$9,279,999 and US$12,853,158, respectively.
Pembayaran sewa minimum masa depan Future minimum lease payments under the lease
berdasarkan perjanjian sewa dengan nilai sekarang agreements together with the present value of
atas pembayaran sewa minimum adalah sebagai minimum lease payments are as follows:
berikut:
2024 2023
Dalam satu tahun 145.857.245 136.714.011 Within one year
Lebih dari satu tahun sampai lima After one year but not more than five
tahun 160.509.279 122.727.169 years
Lebih dari lima tahun 309.773 348.661 More than five years
Jumlah pembayaran sewa minimum di
masa depan 306.676.297 259.789.841 Total future minimum lease payments
Jumlah beban keuangan di masa
depan (28.788.935) (21.328.430) Amount representing finance charges
Nilai sekarang atas pembayaran Present value of minimum lease
sewa minimum 277.887.362 238.461.411 payments
126
PT Medco Energi Internasional Tbk 2024 Annual Report
287
285
Page 290
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
24. LIABILITAS SEWA (lanjutan) 24. LEASE LIABILITIES (continued)
Jumlah yang diakui pada laporan laba rugi dan Amount recognized in the statement of profit or loss
penghasilan komprehensif lain yang berkaitan and other comprehensive income related to leases
dengan sewa adalah sebagai berikut: are as follows:
2024 2023
Depreciation expense of right-of-use
Beban penyusutan aset hak-guna 49.070.459 42.474.801 assets
Beban yang berkaitan dengan sewa
jangka pendek dan aset bernilai Expenses relating to short-term leases
rendah 28.415.166 27.571.558 and low-value asset
Pembayaran sewa variable 5.562.860 10.658.226 Variable lease payments
Beban bunga atas liabilitas sewa 6.850.832 4.720.624 Interest on lease liabilities
Total 89.899.317 85.425.209 Total
Grup memiliki arus kas keluar berkaitan dengan The Group had total cash outflows related to
sewa, termasuk pembayaran sewa variabel, sewa leases, including variable lease payment, short-
jangka pendek dan sewa bernilai rendah pada term and low-value assets lease payments as of
tanggal 31 Desember 2024 dan 2023, masing- December 31, 2024 and 2023, amounting to
masing sebesar AS$210.984.278 dan US$210,984,278 and US$178,119,979.
AS$178.119.979.
Pada tanggal 31 Desember 2024 dan 2023, opsi As of December 31, 2024 and 2023, the extension
sewa memiliki harga sewa yang bersifat akan options have lease rate that will be re-negotiated
dinegosiasikan kembali saat periode kontrak after contract period end.
selesai.
Pada tanggal 31 Desember 2024 dan 2023, Grup As of December 31, 2024 and 2023, the Group has
tidak memiliki intensi untuk mengeksekusi opsi no intention to execute termination option on the
terminasi atas kontrak sewa yang ada. available lease contracts.
Di bawah ini adalah pembayaran sewa masa depan Set out below are the undiscounted potential future
potensial yang tidak didiskontokan terkait dengan rental payments relating to periods following the
periode setelah tanggal pelaksanaan opsi exercise date of termination options that are not
penghentian yang tidak termasuk dalam jangka included in the lease term:
waktu sewa:
2024 2023
Opsi penghentian diharapkan akan Termination options expected to be
dilakukan exercised
Dalam lima tahun – 27.000.000 Within five years
Jumlah – 27.000.000 Total
25. UTANG PAJAK 25. TAXES PAYABLE
Akun ini terdiri dari: This account consists of:
2024 2023
Perusahaan The Company
Pajak yang dipungut: Withholding tax:
Pasal 4(2) 19.965 68.998 Article 4(2)
Pasal 15 – 21.357 Article 15
Pasal 21 3.414.871 5.678.644 Article 21
Pasal 23 18.936 29.616 Article 23
Pasal 26 100 1.108.247 Article 26
Sub-jumlah 3.453.872 6.906.862 Sub-total
288
286 PT Medco Energi Internasional Tbk 2024 Annual Report
127
Page 291
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Akun ini terdiri dari: This account consists of:
2024 2023
Entitas Anak Subsidiaries
Pajak Penghasilan (PPh) Badan 63.423.129 66.930.550 Corporate income tax
Pajak yang dipungut: Withholding tax:
Pasal 4(2) 862.201 381.970 Article 4(2)
Pasal 15 21.374 23.770 Article 15
Pasal 21 854.972 1.183.448 Article 21
Pasal 23 1.007.933 946.169 Article 23
Pasal 25 97.724 216.138 Article 25
Pasal 26 389.627 335.954 Article 26
Pajak pertambahan nilai (PPN) 6.758.622 8.584.808 Value-added Tax (VAT)
Sub-jumlah 73.415.582 78.602.807 Sub-total
Jumlah 76.869.454 85.509.669 Total
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2024 dan 2023 adalah December 31, 2024 and 2023 are as follows:
sebagai berikut:
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Grup/ Surat Pajak/ 31 Desember 2024/ 31 Desember 2023/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2024 December 31, 2023
by Tax Authority
the Group
PT TJB Power Services (TJBPS)
PPN Juli 2016/ SKP Kurang Bayar Rp343.148.076 Nihil/ KEP-00003/KEB/ Banding/Appeal (*) Banding/Appeal
VAT July 2016 Tambahan/Additional Nil WPJ.10/2021
Underpayment of Tax 2 Februari 2021/
Assessment Letter February 2, 2021
PPN September 2016/ SKP Kurang Bayar Rp1.147.586.586 Nihil/ KEP-00004/KEB/ Banding/Appeal (*) Banding/Appeal
VAT September 2016 Tambahan/Additional Nil WPJ.10/2021
Underpayment of Tax 2 Februari 2021/
Assessment Letter February 2, 2021
PPh Pasal 26 September SKP Kurang Bayar/ Rp1.278.674.504 Nihil/ KEP-00002/KEB/ Banding/Appeal (*) Banding/Appeal
2016/ Underpayment of Tax Nil WPJ.10/2021
WHT Art 26 September Assessment Letter 2 Februari 2021/
2016 February 2, 2021
PPh Badan Tahun 2016/ SKP Kurang Bayar/ Rp3.624.483.370 Rp980.804.510 KEP-00001/KEB/ Banding/Appeal (*) Banding/Appeal
Corporate Income Tax Underpayment of Tax WPJ.10/2021
Year 2016 Assessment Letter 2 Februari 2021/
February 2, 2021
PPN Maret 2018/ Surat Tagihan Pajak/Tax Rp792.422.654 Nihil/ KEP-07350/NKEB/ Gugatan/Lawsuit (*) Gugatan/Lawsuit
VAT March 2018 Collection Letter Nil WPJ.10/2020
10 Desember 2020/
December 10, 2020
128
PT Medco Energi Internasional Tbk 2024 Annual Report
289
287
Page 292
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2024 dan 2023 adalah December 31, 2024 and 2023 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Jenis Pajak dan Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Masa/ Jenis/ Grup/ Surat Pajak/ 31 Desember 2024/ 31 Desember 2023/
Pajak/
Type of tax and Type Amount objection/ Number and date of Status as of Status as of
Amount assessed by
period appeal according to latest tax letters December 31, 2024 December 31, 2023
Tax Authority
the Group
PT TJB Power Services (TJBPS) (lanjutan) / (continued)
PPN Juni 2019/ SKP Lebih Bayar/ Rp755.668.191 Rp1.336.639.627 KEP-00166/KEB/ Banding/Appeal (*) Banding/Appeal
VAT June 2019 Overpayment of Tax WPJ.10/2021
Assessment Letter 13 Juli 2021/
July 13, 2021
PPN Februari, Maret, Surat Tagihan Pajak/ Rp807.970.989 Rp132.800 Berbagai nomor/ Gugatan/Lawsuit (*) Gugatan/Lawsuit
April, Juli 2019/ Tax Collection Letter Various numbers
VAT February, March, 4 Maret 2021/
April, July 2019 March 4, 2021
PPN Agustus 2020/ SKP Lebih Bayar/ Rp746.870.324 Rp1.536.216.887 KEP-00182/KEB/PJ/ Banding/Appeal (*) Banding/Appeal
VAT August 2020 Overpayment of Tax WPJ.10/2022
Assessment Letter 8 Juli 2022/
July 8, 2022
PPh Pasal 26 SKP Kurang Bayar/ Rp2.173.051.770 Nihil/ Berbagai nomor/ Keberatan dikabulkan Keberatan/
September. Oktober, Underpayment of Tax Nil Various numbers seluruhnya/ Objection
November, Desember Assessment Letter 26 Juli 2024/ Objection is fully
2018/ July 26, 2024 granted
WHT Art 26 September,
October, November,
December 2018
PPN April, Mei, Juni SKP Lebih Bayar/ Rp3.484.826.434 Rp3.509.760.902 Berbagai nomor/ Keberatan/ –
2023/ Overpayment of Tax Various numbers Objection
VAT April, May, June Assessment Letter 26 Maret 2024/
2023 March 26, 2024
PPN Juli, Agustus, SKP Lebih Bayar/ Rp4.039.284.109 Rp4.055.032.621 Berbagai nomor/ Keberatan/ –
September 2023/ Overpayment of Tax Various numbers Objection
VAT July, August, Assessment Letter Mei-Juni 2024/
September 2023 May-June, 2024
PT Medco Power Indonesia (MPI)
PPh Pasal 26 Januari SKP Kurang Bayar/ RP161.431.931 Nihil/ 00003/245/22/081/24 Keberatan/ –
2022/ Underpayment of Tax Nil 14 Oktober 2024/ Objection
WHT Art 26 January Assessment Letter October 14, 2024
2022
PT Mitra Energi Batam (MEB)
PPh Badan Tahun 2019/ SKP Lebih Bayar/ Rp3.229.558.100 Rp12.519.271.350 PUT-011763.15/2022/ Banding dikabulkan Banding/Appeal
Corporate Income Tax Overpayment of Tax PP/M.IIIB Tahun 2024 sebagian/
Year 2019 Assessment Letter 29 Oktober 2024/ Appeal is partially
October 29, 2024 granted
PPh Pasal 21 SKP Kurang Bayar/ Rp175.434.607 Nihil/ PUT-011762.10/2022/ Banding dikabulkan Banding/Appeal
Desember 2019/ Underpayment of Tax Nil PP/M.IIIB Tahun 2024 seluruhnya/
WHT Art 21 December Assessment Letter 29 Oktober 2024/ Appeal is fully granted
2019 October 29, 2024
PPh Badan Tahun 2020/ SKP Lebih Bayar/ Kompensasi rugi fiskal Kompensasi rugi fiskal/ PUT-004252.15/2023/ Banding dikabulkan Banding/Appeal
Corporate Income Tax Overpayment of Tax nihil/ Tax loss carried forward PP/M.IIIB Tahun 2024 sebagian/
Year 2020 Assessment Letter Zero tax loss carried of Rp12.759.250.307 29 Oktober 2024/ Appeal is partially
forward October 29, 2024 granted
PT Dalle Energy Batam (DEB)
PPh Badan Tahun 2019/ SKP Lebih Bayar/ Rp1.008.760.284 Rp7.960.998.326 KEP-00160/KEB/ PJ/ Banding/Appeal Banding/Appeal
Corporate Income Tax Overpayment of Tax WPJ.34/2022
Year 2019 Assessment Letter 21 Juli 2022/
July 21, 2022
(*) Pengadilan Pajak telah menerbitkan berbagai nomor Putusan Pengadilan (*) Tax Court has issued various numbers of Tax Court Decision Year 2025
Pajak Tahun 2025 yang mengabulkan seluruhnya banding dan gugatan pajak that fully granted tax appeal and lawsuit of TJBPS on February 20, 2025 or
TJBPS pada tanggal 20 Februari 2025 atau setelah periode pelaporan. after reporting period.
290
288 PT Medco Energi Internasional Tbk 2024 Annual Report
129
Page 293
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2024 dan 2023 adalah December 31, 2024 and 2023 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Grup/ Surat Pajak/ 31 Desember 2024/ 31 Desember 2023/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2024 December 31, 2023
by Tax Authority
the Group
PT Bio Jatropha Indonesia (BJI)
PPh Pasal 23 Januari – SKP Kurang Bayar/ Rp5.614.008.876 Nihil/ Berbagai nomor/ Peninjauan Kembali Banding/Appeal
Desember 2019/ Underpayment of Tax Nil Various numbers diajukan oleh DJP/
WHT Art 23 January – Assessment Letter 16 Mei 2024/ Judicial Review filed by
December 2019 May 16, 2024 DGT
PPh Pasal 23 Januari – SKP Kurang Bayar/ Rp2.663.607.207 Rp2.537.952 Berbagai nomor/ Peninjauan Kembali Banding/Appeal
Desember 2020/ Underpayment of Tax Various numbers diajukan oleh DJP/
WHT Art 23 January – Assessment Letter 16 Mei 2024/ Judicial Review filed by
December 2020 May 16, 2024 DGT
PT Medcopower Solar Sumbawa (MPSS)
PPN Desember 2022/ Surat Tagihan Pajak/ Rp168.535.095 Nihil/ KEP-05706/NKEB/ Gugatan/ –
VAT December 2022 Tax Collection Letter Nil WPJ.30/2024 Lawsuit
30 Desember 2024/
December 30, 2024
PT Exspan Petrogas Intranusa (EPI)
PPh Badan Tahun 2015/ SKP Lebih Bayar/ Koreksi fiskal atas Koreksi fiskal atas biaya Surat Putusan Selesai/Closed Mahkamah Agung
Corporate Income Tax Overpayment of Tax biaya sebesar/ sebesar/ Mahkamah Agung No./ menolak Peninjauan
Year 2015 Assessment Letter Fiscal correction on Fiscal correction on Supreme Court Decision Kembali/
expenses of expenses of Letter No. Supreme Court rejected
Rp10.935.520.304 Rp10.935.520.304 2014/B/PK/Pjk/2023 Judicial Review
11 Juli 2023/
July 11, 2023
PPh Badan Tahun 2016/ SKP Lebih Bayar/ Koreksi fiskal atas Koreksi fiskal atas biaya Surat Putusan Selesai/Closed Mahkamah Agung
Corporate Income Tax Overpayment of Tax biaya sebesar/ sebesar/ Mahkamah Agung No./ menolak Peninjauan
Year 2016 Assessment Letter Fiscal correction on Fiscal correction on Supreme Court Decision Kembali/
expenses of expenses of Letter No. Supreme Court rejected
Rp6.064.074.138 Rp6.064.074.138 3827/B/PK/Pjk/2023 Judicial Review
16 Oktober 2023/
October 16, 2023
PT Medco E & P Tarakan (MEPT)
PPh Pasal 23 Desember SKP Kurang Bayar/ Rp7.326.510 Nihil/ Nil Surat Putusan Selesai/ Keberatan/Objection
2020/ Underpayment of Tax Keberatan Pajak No./ Closed
WHT Art 23 December Assessment Letter Tax Objection Decision
2020 Letter No.
KEP-01524/KEB/PJ/
WPJ.07/2024
25 Juni 2024/
June 25, 2024
PT Medco E & P Rimau (MEPR)
PPh Pasal 23 Agustus SKP Kurang Bayar/ Rp445.408 Nihil/ Surat Putusan Selesai/Closed Banding dikabulkan
2018/WHT Art 23 August Underpayment of Tax Nil Pengadilan seluruhnya/
2018 Assessment Letter Pajak No./ Appeal is fully granted
Tax Court Decision
Letter No.
PUT-006841.12
4 Agustus 2023/
August 4, 2023
130
PT Medco Energi Internasional Tbk 2024 Annual Report
291
289
Page 294
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2024 dan 2023 adalah December 31, 2024 and 2023 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Grup/ Surat Pajak/ 31 Desember 2024/ 31 Desember 2023/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2024 December 31, 2023
by Tax Authority
the Group
PT Medco E & P Rimau (MEPR) (lanjutan)/(continued)
PPN Juni, Agustus, SKP Kurang Bayar/ Rp526.936.447 Nihil/ Surat Putusan Selesai/Closed Banding dikabulkan
Oktober, November 2018/ Underpayment of Tax Nil Pengadilan seluruhnya/
VAT June, August, Assessment Letter Pajak Berbagai Nomor/ Appeal is fully granted
October, November 2018 Tax Court Decision
Letter Various Numbers
4 Agustus 2023/
August 4, 2023
PPN Januari 2019/ SKP Kurang Bayar/ Rp20.369.148 Nihil/ Surat Putusan Selesai/Closed Keberatan dikabulkan
VAT January 2019 Underpayment of Tax Nil Keberatan Pajak seluruhnya/
Assessment Letter No./Tax Objection Objection is fully
Decision Letter No. granted
KEP-00838/KEB/PJ/
WPJ.07/2023
12 April 2023/
April 12, 2023
PT Medco E & P Indonesia (MEPI)
PPh Pasal 23 Januari – SKP Kurang Bayar/ Rp2.663.214.107 Nihil/ Surat Putusan Peninjauan Kembali/ Peninjauan Kembali/
Desember 2011/ Underpayment of Tax Nil Pengadilan Judicial Review Judicial Review
WHT Art 23 January – Assessment Letter Pajak No./
December 2011 Tax Court Decision
Letter No.
PUT-000796.12
26 Agustus 2020/
August 26, 2020
PPh Badan Tahun 2012/ SKP Kurang Bayar/ AS$756.773/ Nihil/ Surat Putusan Selesai/Closed Mahkamah Agung
Corporate Income Tax Underpayment of Tax US$756,773 Nil Mahkamah Agung No./ menolak Peninjauan
Year 2012 Assessment Letter Supreme Court Decision Kembali/
Letter No. Supreme Court rejected
729/B/PK/Pjk/2023 Judicial Review
4 April 2023/
April 4, 2023
PPh Pasal 23 Mei – SKP Kurang Bayar/ Rp9.796.638 Rp9.796.638 Surat Putusan Selesai/Closed Mahkamah Agung
Desember 2012/ Underpayment of Tax Mahkamah Agung No./ menolak Peninjauan
WHT Art 23 May – Assessment Letter Supreme Court Decision Kembali/
December 2012 Letter No. Supreme Court rejected
728/B/PK/Pjk/2023 Judicial Review
4 April 2023/
April 4, 2023
PPN Desember 2012/ SKP Kurang Bayar/ Nihil/ Nihil/ Surat Putusan Selesai/Closed Mahkamah Agung
VAT December 2012 Underpayment of Tax Nil Nil Mahkamah Agung No./ menolak Peninjauan
Assessment Letter Supreme Court Decision Kembali/
Letter No. Supreme Court rejected
919/B/PK/Pjk/2023 Judicial Review
4 April 2023/
April 4, 2023
292
290 PT Medco Energi Internasional Tbk 2024 Annual Report
131
Page 295
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2024 dan 2023 adalah December 31, 2024 and 2023 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Grup/ Surat Pajak/ 31 Desember 2024/ 31 Desember 2023/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2024 December 31, 2023
by Tax Authority
the Group
PT Medco E & P Indonesia (MEPI) (lanjutan) / (continued)
PPN Februari, April, Mei, SKP Kurang Bayar/ Rp5.453.800 Nihil/ Surat Putusan Selesai/Closed Banding dikabulkan
Juni, Agustus, September, Underpayment of Tax Nil Pengadilan sebagian/
November, Desember Assessment Letter Pajak Berbagai Nomor/ Appeal is partially
2016/ Tax Court Decision granted
VAT February, April, May, Letter Various Numbers
June, August, September, 8 Agustus 2023/
November, December August 8, 2023
2016
PPh Pasal 23 Desember SKP Kurang Bayar/ Nihil/ Nihil/ Surat Putusan Selesai/Closed Banding dikabulkan
2017/ Underpayment of Tax Nil Nil Pengadilan seluruhnya/
WHT Art 23 December Assessment Letter Pajak No./ Appeal is fully granted
2017 Tax Court Decision
Letter No.
PUT-006639.12
8 Agustus 2023/
August 8, 2023
PPN Februari, Maret, Juli, SKP Kurang Bayar/ Rp4.353.202 Nihil/ Surat Putusan Selesai/Closed Banding dikabulkan
September, Oktober, Underpayment of Tax Nil Pengadilan sebagian/
Desember 2017/ Assessment Letter Pajak Berbagai Nomor/ Appeal is partially
VAT February, March, Tax Court Decision granted
July, September, October, Letter Various Numbers
December 2017 8 Agustus 2023/
August 8, 2023
PPN Januari – Desember SKP Kurang Bayar/ Rp682.009.461 Nihil/ Surat Putusan Banding dikabulkan Banding/Appeal
2018/ Underpayment of Tax Nil Pengadilan Berbagai sebagian/Appeal is
VAT January – December Assessment Letter Nomor/ Tax Court partially granted
2018 Verdict Various
Numbers
Agustus 2024/
August 2024
PPh Pasal 23 Januari, SKP Kurang Bayar/ Rp10.441.548 Nihil/ Surat Putusan Selesai/Closed Keberatan dikabulkan
Februari, April, Mei, Juni, Underpayment of Tax Nil Keberatan Pajak sebagian/Objection is
Juli, Agustus, November, Assessment Letter Berbagai nomor/ partially granted
Desember 2019/ Tax Objection Decision
WHT Art 23 January, Letter
February, April, May, Various numbers
June, July, August, Mei dan Oktober 2023/
November, December May and October 2023
2019
PPh Pasal 26 Februari SKP Kurang Bayar/ Rp13.329.777 Nihil/ Surat Putusan Banding dikabulkan Banding/Appeal
2019/ Underpayment of Tax Nil Pengadilan Pajak seluruhnya/Appeal is
WHT Art 26 February Assessment Letter No./Tax Court Verdict fully granted
2019 No.
PUT-009863.13
8 Agustus 2024/
August 8,2024
PPN Mei, Juni, Agustus, SKP Kurang Bayar/ Rp56.607.412 Nihil/ Surat Putusan Selesai/Closed Keberatan dikabulkan
September, Oktober, Underpayment of Tax Nil Keberatan Pajak sebagian/Objection is
November, Desember Assessment Letter Berbagai nomor/ partially granted
2019/ Tax Objection Decision
VAT May, June, August, Letter
September, October, Various numbers
November, December Juni-Oktober 2023/
2019 June-October 2023
132
PT Medco Energi Internasional Tbk 2024 Annual Report
293
291
Page 296
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2024 dan 2023 adalah December 31, 2024 and 2023 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Grup/ Surat Pajak/ 31 Desember 2024/ 31 Desember 2023/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2024 December 31, 2023
by Tax Authority
the Group
Medco E&P Natuna Limited (MEPN)
PPN November & SKP Kurang Bayar/ Rp366.854.540 Nihil/ Putusan Pengadilan Banding dikabulkan Banding/Appeal
Desember 2017/ Underpayment of Tax Nil Pajak Berbagai Nomor/ seluruhnya/
VAT November & Assessment Letter Tax Court Decision Appeal is fully granted
December 2017 Letter Various Numbers
November 2024/
November 2024
PPN Januari, Februari, SKP Kurang Bayar/ Rp3.151.944.790 Nihil/ Putusan Pengadilan Banding dikabulkan Banding/Appeal
April, Juli, Agustus, Underpayment of Tax Nil Pajak Berbagai Nomor/ seluruhnya/
September 2017/ Assessment Letter Tax Court Decision Appeal is fully granted
VAT January, February, Letter Various Numbers
April, July, August, November 2024/
September 2017 November 2024
PPh Pasal 23 Mei, SKP Kurang Bayar/ Rp197.873.948 Nihil/ Surat Putusan Peninjauan Kembali/ Peninjauan Kembali/
Agustus, Oktober, Underpayment of Tax Nil Pengadilan Berbagai Judicial Review Judicial Review
Desember 2018/ Assessment Letter nomor/
WHT Art 23 May, August, Tax Court Decision
October, December 2018 Letter
Various numbers
10 Oktober 2023/
October 10, 2023
PPh Pasal 15 Januari – SKP Kurang Bayar/ Rp802.232.914 Nihil/ Surat Putusan Peninjauan Kembali/ Peninjauan Kembali/
Desember 2018/ Underpayment of Tax Nil Pengadilan Berbagai Judicial Review Judicial Review
WHT Art 15 January – Assessment Letter nomor/
December 2018 Tax Court Decision
Letter
Various numbers
10 Oktober 2023/
October 10, 2023
PPN Februari, Mei, Juli, SKP Kurang Bayar/ Rp1.540.634.850 Nihil/ Putusan Mahkamah Mahkamah Agung Peninjauan Kembali/
Agustus, Oktober, Underpayment of Tax Nil Agung Berbagai Nomor/ menolak Peninjauan Judicial Review
November, Desember Assessment Letter Supreme Court Decision Kembali/
2018/ Letter Various Numbers Supreme Court rejected
VAT February, May, July, Desember 2024/ Judicial Review
August, October, December 2024
November, December
2018
PPh Pasal 23 Januari, SKP Kurang Bayar/ Rp76.309.065 Nihil/ Surat Putusan Banding/Appeal Keberatan dikabulkan
Februari, Juli, November Underpayment of Tax Nil Keberatan sebagian/
2019/ Assessment Letter Pajak Berbagai nomor/ Objection is partially
WHT Art 23 January, Tax Objection Decision granted
February, July, November Letter
2019 Various numbers
Maret dan Oktober
2023/
March and October
2023
PPN Januari – Desember SKP Kurang Bayar/ Rp946.705.947 Nihil/ Surat Putusan Banding/Appeal Keberatan dikabulkan
2019/ Underpayment of Tax Nil Keberatan sebagian/
VAT January – December Assessment Letter Pajak Berbagai nomor/ Objection is partially
2019 Tax Objection Decision granted
Letter
Various numbers
8 November 2023/
November 8, 2023
294
292 PT Medco Energi Internasional Tbk 2024 Annual Report
133
Page 297
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
25. UTANG PAJAK (lanjutan) 25. TAXES PAYABLE (continued)
Surat Ketetapan Pajak (SKP) – Entitas Anak Tax Assessment Letters – Subsidiaries (continued)
(lanjutan)
Klaim pajak Grup yang masih belum terselesaikan The Group’s unresolved tax claims due to the
akibat terbitnya Surat Ketetapan Pajak sampai issuance of Tax Assessment Letters up to
tanggal 31 Desember 2024 dan 2023 adalah December 31, 2024 and 2023 are as follows:
sebagai berikut: (lanjutan) (continued)
Jumlah Keberatan/
Jumlah Penilaian
Banding menurut Nomor dan Tanggal Status pada tanggal Status pada tanggal
Menurut Otoritas
Jenis Pajak dan Masa/ Jenis/ Grup/ Surat Pajak/ 31 Desember 2024/ 31 Desember 2023/
Pajak/
Type of tax and period Type Amount objection/ Number and date of Status as of Status as of
Amount assessed
appeal according to latest tax letters December 31, 2024 December 31, 2023
by Tax Authority
the Group
Medco E&P Bangkanai Limited (MEPBL)
PPh Pasal 26 Oktober SKP Kurang Bayar/ Rp69.194.743 Nihil/ Surat Putusan Selesai/Closed Keberatan ditolak/
2019/ Underpayment of Tax Nil Keberatan Pajak No./ Objection is rejected
WHT Art 26 October 2019 Assessment Letter Tax Objection Decision
Letter No.
KEP-01103/KEB/PJ/
WPJ.07/2023
10 Mei 2023/
May 10, 2023
PPN Januari, Februari, SKP Kurang Bayar/ Rp23.788.731 Nihil/ Surat Putusan Selesai/Closed Keberatan ditolak/
Maret 2019/ Underpayment of Tax Nil Keberatan Pajak Objection is rejected
VAT January, February, Assessment Letter Berbagai nomor/
March 2019 Tax Objection Decision
Letter
Various numbers
Mei 2023/
May, 2023
PPN Mei 2019/ SKP Kurang Bayar/ Rp8.499.900 Nihil/ Surat Putusan Selesai/Closed Keberatan dikabulkan
VAT May 2019 Underpayment of Tax Nil Keberatan Pajak No./ sebagian/Objection is
Assessment Letter Tax Objection Decision partially granted
Letter
No.
KEP-01122/KEB/PJ/
WPJ.07/2023 10 Mei
2023/
May 10, 2023
PPN Agustus, Oktober, SKP Kurang Bayar/ Rp79.566.767 Nihil/ Surat Putusan Selesai/Closed Keberatan dterima
Desember 2019/ Underpayment of Tax Nil Keberatan Pajak seluruhnya/Objection is
VAT August, October, Assessment Letter Berbagai nomor/ fully granted
December 2019 Tax Objection Decision
Letter
Various numbers
Mei 2023/
May 2023
PPN Juli, September, SKP Kurang Bayar/ Rp135.561.323 Nihil/ Putusan Pengadilan Peninjauan Kembali Banding/Appeal
November 2019/ Underpayment of Tax Nil Pajak Berbagai nomor/ oleh DJP/
VAT July, September, Assessment Letter Tax Court Decision Judicial Review by DGT
November 2019 Letter
Various numbers
28 Juni 2024/
June 28, 2024
Medco E&P Grissik Limited (MEPG)
PPN Januari – Desember SKP Kurang Bayar/ Rp6.340.057.359 Nihil/ Surat Putusan Selesai/ Mahkamah Agung
2007/ Underpayment of Tax Nil Mahkamah Agung No./ Closed menolak Peninjauan
VAT January – December Assessment Letter Supreme Court Decision Kembali/
2007 Letter No. Supreme Court rejected
1262/B/PK/Pjk/2023 Judicial Review
25 Mei 2023/
May 25, 2023
PPh Pasal 26 April, Juli, SKP Kurang Bayar/ Rp543.123.478 Nihil/ Surat Ketetapan Pajak Keberatan/ -
Desember 2020/ Underpayment of Tax Nil Kurang Bayar Berbagai Objection
WHT Art 26 April, July, Assessment Letter Nomor/
December 2020 Tax Assessment Letter
Various Number
Oktober 2024/
October 2024
Manajemen berkeyakinan Grup telah menaati Management believes the Group has fully complied
ketentuan perpajakan yang berlaku di Indonesia with the tax requirements in Indonesia and in other
dan di yurisdiksi pajak lainnya. Oleh karena itu, tax jurisdictions. Therefore, management is of the
manajemen berpendapat tidak diperlukan opinion that no provision is necessary for uncertain
pencadangan atas ketidakpastian posisi perpajakan tax position from the above mentioned Tax
dari Surat Ketetapan Pajak yang disebutkan di atas. Assessment Letters.
134
PT Medco Energi Internasional Tbk 2024 Annual Report
295
293
Page 298
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
26. BIAYA AKRUAL DAN PROVISI LAIN-LAIN 26. ACCRUED EXPENSES AND OTHER
PROVISIONS
Akun ini terdiri dari: This account consists of:
2024 2023
Kontrak jasa 126.839.526 84.734.930 Contract services
Bunga 62.267.734 42.423.516 Interest
Gaji dan Bonus 40.859.825 35.646.007 Salaries and bonuses
Pemasok 15.520.923 19.662.981 Suppliers
Jasa profesional 6.319.537 6.022.598 Professional fees
Operasi bersama 4.631.121 13.525.623 Joint operations
Sewa 1.587.793 2.282.796 Rentals
Beban operasional lainnya 18.033.578 35.703.267 Other operating expenses
Jumlah 276.060.037 240.001.718 Total
Kontrak jasa merupakan akrual dari berbagai servis Contract services represent accrual of various
yang berkaitan dengan aktivitas eksplorasi dan services relating to oil and gas exploration and
produksi minyak dan gas bumi. production activities.
Bunga yang masih harus dibayar terdiri dari bunga Accrued interest consist of interest on short-term
atas pinjaman bank jangka pendek dan jangka and long-term bank borrowings, bonds, and other
panjang, obligasi dan hutang jangka panjang long-term debts.
lainnya.
Liabilitas kepada pemasok terkait dengan aktivitas Liabilities to suppliers represent operational
dan transaksi operasional dimana tagihan dengan activities and transactions for which the related
jumlah tersebut belum diterima oleh Grup. invoices for such amounts have not yet been
received by the Group.
296
294 PT Medco Energi Internasional Tbk 2024 Annual Report
135
Page 299
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF 27. DERIVATIVES
2024 2023
Liabilitas Liabilitas
Aset Derivatif/ Derivatif/ Keuntungan Aset Derivatif/ Derivatif/ Keuntungan
Pihak ketiga/Third Derivative Derivative (Kerugian)/ Derivative Derivative (Kerugian)/
parties Jenis/Type Assets Liabilities Gain (Loss) Assets Liabilities Gain (Loss)
Perusahaan/The Company
Perjanjian swap atas
PT DBS Bank mata uang silang/
Indonesia Cross-currency swaps – 4.586.054 (3.351.705) 326.279 1.560.628 1.472.755
Perjanjian swap atas
PT Bank UOB mata uang silang/
Indonesia Cross-currency swaps – 7.014.444 (6.322.317) 1.258.863 1.950.990 1.861.910
Perjanjian swap atas
PT Bank Permata mata uang silang/
Tbk Cross-currency swaps – – 401.805 – 401.805 (24.247)
Perjanjian swap atas
PT Bank Mandiri mata uang silang/
(Persero) Tbk Cross-currency swaps – 10.638.991 (3.480.399) – 7.158.592 (892.420)
Perjanjian swap atas
PT Bank CIMB Niaga mata uang silang/
Tbk Cross-currency swaps 346.181 10.375.665 (6.432.640) 113.514 3.710.358 1.634.847
Perjanjian swap atas
PT Bank Maybank mata uang silang/
Indonesia Tbk Cross-currency swaps – 10.226.219 (7.604.858) 1.607.198 4.228.559 (470.135)
Perjanjian swap atas
PT Bank ANZ mata uang silang/
Indonesia Cross-currency swaps – 554.545 (554.545) – – –
Non-Deliverable
Barclays Bank PLC Forward – – – – – 202.824
Perjanjian collar
komoditas/Commodity
Natixis collar – – (115.422) 115.422 – 1.497.560
Perjanjian collar
Morgan Stanley & Co komoditas/Commodity
International Plc collar – – 83.019 173.649 256.668 4.693.847
Perjanjian collar
komoditas/Commodity
ING Bank N.V. collar – – (192.428) 192.428 – 695.238
Perjanjian collar
Standard Chartered komoditas/Commodity
Bank collar – – (134.866) 134.866 – 134.866
PT Medco E & P Malaka ("MEPM")
Australia and new Perjanjian swap atas
Zealand Banking tingkat suku bunga/
Group Limited Interest rate swap 1.082.342 – 327.343 754.999 – 154.685
Perjanjian swap atas
tingkat suku bunga/
ING Bank N.V. Interest rate swap 1.067.967 – 301.804 766.163 – 156.357
Perjanjian swap atas
tingkat suku bunga/
Societe Generale Interest rate swap 1.058.575 – 271.146 787.429 – 180.748
136
PT Medco Energi Internasional Tbk 2024 Annual Report
297
295
Page 300
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
2024 2023
Liabilitas Liabilitas
Aset Derivatif/ Derivatif/ Keuntungan Aset Derivatif/ Derivatif/ Keuntungan
Pihak ketiga/Third Derivative Derivative (Kerugian)/ Derivative Derivative (Kerugian)/
parties Jenis/Type Assets Liabilities Gain (Loss) Assets Liabilities Gain (Loss)
PT Medco Ratch Power Riau ("MRPR")
Perjanjian swap atas
tingkat suku bunga/
MUFG Bank Ltd Interest rate swap 9.327.863 – 947.121 8.380.742 – (659.662)
Sumitomo Mitsui Perjanjian swap atas
Banking tingkat suku bunga/
Corporation Interest rate swap 9.313.398 – 941.529 8.371.869 – (385.643)
Perjanjian swap atas
International Finance tingkat suku bunga/
Corporation Interest rate swap 5.601.580 – 518.880 5.082.700 – (241.759)
PT Medco Power Indonesia ("MPI")
PT Bank Negara Perjanjian swap atas
Indonesia mata uang silang/
(Persero) Tbk Cross-currency swaps – – – – – (445.817)
Jumlah/Total 27.797.906 43.395.918 (24.396.533) 28.066.121 19.267.600 9.565.954
Dikurangi yang jatuh tempo dalam satu tahun/
Less current portion 1.873.705 12.653.816 2.393.239 8.989.394
Bagian jangka panjang/Long-term portion 25.924.201 30.742.102 25.672.882 10.278.206
Keuntungan (kerugian) yang terealisasi atau
belum direalisasi yang diakui pada laporan
laba rugi dan penghasilan komprehensif lain
konsolidasian/ Realized or unrealized gain
(loss) on derivatives recognized in
consolidated statement of profit or loss and
other comprehensive income (19.592.933) 26.199.911
Pendapatan komprehensif lainnya atas
lindung nilai atas arus kas/ Other
comprehensive income of cash flow
hedge (4.803.600) (16.633.957)
298
296 PT Medco Energi Internasional Tbk 2024 Annual Report
137
Page 301
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Grup melakukan transaksi forward atas mata uang The Group entered into foreign exchange forward,
asing, swap atas mata uang silang dan swap atas cross-currency swaps and interest rate swaps
tingkat suku bunga sebagai instrumen lindung nilai hedging instruments to manage its foreign currency
untuk mengelola risiko atas mata uang asing dan and interest rate risks. The Group also entered into
tingkat bunga. Grup juga mempunyai kontrak collar commodity collar and commodity options contract
komoditas dan kontrak opsi komoditas yang that are used as a hedge for the exposure to
digunakan sebagai lindung nilai atas eksposur changes in commodity price. All contracts entered
perubahan harga komoditas. Seluruh kontrak yang into by the Group have underlying obligations.
dilakukan Grup mempunyai kewajiban yang
mendasari.
Lindung nilai arus kas - risiko mata uang asing Cash flow hedges - foreign currency risk
Kontrak cross-currency swap dan foreign currency Cross-currency swaps and foreign currency forward
forward ditetapkan sebagai instrumen lindung nilai contracts are designated as hedging instruments in
dalam lindung nilai arus kas dari transaksi perkiraan cash flow hedges of forecast transactions in
dalam Rupiah Indonesia. Transaksi perkiraan ini Indonesian Rupiah. These forecast transactions are
sangat mungkin diperkirakan untuk pembayaran highly probable for the Group’s payment of salaries,
gaji, pembelian barang dan pembayaran utang purchases of materials and repayment of liabilities
Grup dalam Rupiah Indonesia. in Indonesian Rupiah.
Lindung nilai arus kas - risiko suku bunga Cash flow hedges - interest rate risk
Grup memiliki utang dengan suku bunga The Group has liabilities with floating and fixed
mengambang dan tetap. Grup menetapkan kontrak interest rate. The Group designates interest rate
swap suku bunga sebagai lindung nilai arus kas swaps as cash flow hedges to mitigate the volatility
untuk memitigasi volatilitas dari suku bunga. of interest rate.
Risiko harga komoditas Commodity price risk
Grup menjual minyak mentah secara berkelanjutan. The Group sells crude oil on an ongoing basis. The
Peningkatan volatilitas harga minyak telah increased volatility in oil prices has led to the
menyebabkan keputusan untuk masuk ke dalam decision to enter into commodity option contracts to
kontrak opsi komoditas untuk melindungi risiko hedge the downside price risk from crude oil sales.
penurunan harga dari penjualan minyak mentah.
Terdapat hubungan ekonomi antara item yang There is an economic relationship between the
dilindung nilai dan instrumen lindung nilai karena hedged items and the hedging instruments as the
ketentuan instrumen lindung nilai cocok dengan terms of the hedging instruments match the terms
persyaratan transaksi perkiraan yang sangat of the expected highly probable forecast
mungkin diperkirakan (contoh jumlah notional dan transactions (i.e., notional amount and expected
tanggal pembayaran yang diharapkan). payment date).
Untuk menguji efektivitas lindung nilai, Grup To test the hedge effectiveness, the Group uses the
menggunakan metode derivatif hipotetis dan hypothetical derivative method and compares the
membandingkan perubahan nilai wajar instrumen changes in the fair value of the hedging instruments
lindung nilai terhadap perubahan nilai wajar item against the changes in fair value of the hedged
yang dilindung nilai yang disebabkan oleh risiko items attributable to the hedged risks.
yang dilindung nilai.
Ketidakefektifan lindung nilai dapat timbul dari: The hedge ineffectiveness can arise from:
• Perbedaan dalam waktu arus kas dari item • Differences in the timing of the cash flows of
yang dilindung nilai dan instrumen lindung the hedged items and the hedging
nilai; instruments;
• Indeks yang berbeda (dan kurva yang • Different indexes (and accordingly different
berbeda) yang terkait dengan risiko lindung curves) linked to the hedged risk of the
nilai dari item yang dilindungi dan instrumen hedged items and hedging instruments;
lindung nilai;
138
PT Medco Energi Internasional Tbk 2024 Annual Report
299
297
Page 302
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Ketidakefektifan lindung nilai dapat timbul dari: The hedge ineffectiveness can arise from:
(lanjutan) (continued)
• Risiko kredit rekanan yang memengaruhi • The counterparties’ credit risk differently
pergerakan nilai wajar instrumen lindung nilai impacting the fair value movements of the
dan item yang dilindung nilai secara berbeda; hedging instruments and hedged items; and
dan
• Perubahan pada perkiraan arus kas dari item • Changes to the forecasted amount of cash
yang dilindung nilai dan instrumen lindung flows of hedged items and hedging
nilai. instruments.
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: undertaken by the Group is as follows:
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian non deliverable mata uang asing/
Foreign exchange non-deliverable forward
Barclays Bank 6.000.000 Rp90.330.000.000 13 Mei 2022/ 16 Mei 2023/ Perusahaan dapat membeli sejumlah nilai nominal
PLC May 13, 2022 May 16, 2023 Rupiah pada rate yang telah disepakati dan
membayar sejumlah nilai nominal Dolar AS setiap
Telah diselesaikan pada bulannya dengan cara pembayaran netting/
bulan Mei 2023/ The Company shall buy the Rupiah notional
Settled in May 2023 amount at the agreed rate and pay US Dollar
notional amount in a monthly basis with netting
payment.
Perjanjian swap silang atas mata uang/
Cross-currency swap
PT Bank DBS 53.469.388 Rp851.500.000.000 18 Desember 18 September 2029/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2024/ September 18, 2029 tahun atas nilai nominal Rupiah dan membayar
December 18, pada tingkat bunga tetap atas nilai nominal Dolar
2024 AS setiap tanggal 18 Maret, 18 Juni, 18
September dan 18 Desember. Perusahaan
membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah pada setiap tiga bulan
sampai dengan pertukaran akhir sesuai dengan
jadwal pembayaran/
PT Bank UOB 20.000.000 Rp318.500.000.000 18 Desember 18 September 2029/ The Company shall receive a fixed interest rate on
Indonesia 2024/ September 18, 2029 the Rupiah notional amount and pay a fixed
December 18, interest rate on the US Dollar notional amount
2024 every March 18, June 18, September 18 and
December 18. The Company pays the US Dollar
notional amount and receives the Rupiah notional
amount for every three months up to the final
exchange date based on the repayment schedule.
PT Bank Maybank 20.352.074 Rp314.032.500.000 13 Februari 13 Februari 2031/ Perusahaan menerima tingkat bunga tetap per
Indonesia Tbk 2025/ February 13, 2031 tahun atas nilai nominal Rupiah dan membayar
February 13, pada tingkat bunga tetap atas nilai nominal Dolar
2025 AS setiap tanggal 12 Februari, 12 Mei, 12 Agustus
dan 12 November. Pada pertukaran akhir,
Perusahaan membayar nilai nominal Dolar AS dan
menerima nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
PT Bank UOB 20.352.074 Rp314.032.500.000 13 Februari 13 Februari 2031/ the Rupiah notional amount and pay a fixed
Indonesia 2025/ February 13, 2031 interest rate on the US Dollar notional amount
February 13, every February 12, May 12, August 12 and
2025 November 12. On the final exchange date, the
Company pays the US Dollar notional amount and
receives the Rupiah notional amount.
300
298 PT Medco Energi Internasional Tbk 2024 Annual Report
139
Page 303
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank CIMB 26.234.568 Rp425.000.000.000 23 Juli 2024/ 23 Maret 2029/ Perusahaan menerima tingkat bunga tetap per
Niaga Tbk July 23, 2024 March 23, 2029 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 23 Juli, 23 Oktober, 23 Januari,
dan 23 April. Perusahaan membayar nilai nominal
PT Bank Mandiri 26.234.568 Rp425.000.000.000 23 Juli 2024/ 23 Maret 2029/ Dolar AS dan menerima nilai nominal Rupiah pada
(Persero) Tbk July 23, 2024 March 23, 2029 setiap tiga bulan sampai dengan pertukaran akhir
sesuai dengan jadwal pembayaran/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
PT Bank Mandiri 64.180.929 Rp1.050.000.000.000 21 Juni 2024/ 23 Maret 2029/ every July 23, October 23, January 23 and April
(Persero) Tbk June 21, 2024 March 23, 2029 23. The Company pays the US Dollar notional
amount and receives the Rupiah notional amount
for every three months up to the final exchange
date based on the repayment schedule.
PT Bank CIMB 48.359.229 Rp778.100.000.000 31 May 2024/ 23 Maret 2029/
Niaga Tbk May 31, 2024 March 23, 2029
PT Bank Maybank 30.940.594 Rp500.000.000.000 31 May 2024/ 23 Maret 2029/
Indonesia Tbk May 31, 2024 March 23, 2029
PT Bank UOB 20.000.000 Rp321.900.000.000 31 May 2024*/ 23 Maret 2029/ Perusahaan menerima tingkat bunga tetap per
Indonesia May 31, 2024* March 23, 2029 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 23 Juli, 23 Oktober, 23 Januari,
dan 23 April. Pertukaran awal terjadi pada tanggal
efektif dimana Perusahaan membayar nilai
nominal Rupiah dan menerima nilai nominal Dolar
AS. Perusahaan membayar nilai nominal Dolar AS
dan menerima nilai nominal Rupiah pada setiap
tiga bulan sampai dengan pertukaran akhir sesuai
dengan jadwal pembayaran/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every July 23, October 23, January 23 and April
23. Initial exchange occurred on the effective date
in which the Company paid the Rupiah notional
amount and received the US Dollar notional
amount. The Company pays the US Dollar
notional amount and receives the Rupiah notional
amount for every three months up to the final
exchange date based on the repayment schedule.
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
140
PT Medco Energi Internasional Tbk 2024 Annual Report
301
299
Page 304
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank ANZ 13.388.141 Rp208.855.000.000 13 Februari 13 Februari 2027/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2024/ February 13, 2027 tahun atas nilai nominal Rupiah dan membayar
February 13, pada tingkat bunga tetap atas nilai nominal Dolar
2024 AS setiap tanggal 12 Februari, 12 Mei, 12 Agustus
dan 12 November. Pada pertukaran akhir,
PT Bank CIMB 27.454.131 Rp427.955.000.000 13 Februari 13 Februari 2029/ Perusahaan membayar nilai nominal Dolar AS dan
Niaga Tbk 2024/ February 13, 2029 menerima nilai nominal Rupiah/
February 13, The Company shall receive a fixed interest rate on
2024 the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every February 12, May 12, August 12 and
PT Bank Maybank 15.000.000 Rp235.125.000.000 13 Februari 13 Februari 2031/
November 12. On the final exchange date, the
Indonesia Tbk 2024/ February 13, 2031
Company pays the US Dollar notional amount and
February 13,
receives the Rupiah notional amount.
2024
PT Bank Maybank 15.547.832 Rp242.857.142.857 10 November 23 Juni 2028/ Perusahaan menerima tingkat bunga tetap per
Indonesia Tbk 2023*/ June 23, 2028 tahun atas nilai nominal Rupiah dan membayar
November 10, pada tingkat bunga tetap atas nilai nominal Dolar
2023* AS setiap tanggal 23 Juni, 23 September, 23
Desember, dan 23 Maret. Pertukaran awal terjadi
PT Bank CIMB 47.004.608 Rp728.571.428.571 8 November 23 Juni 2028/ pada tanggal efektif dimana Perusahaan
Niaga Tbk 2023*/ June 23, 2028 membayar nilai nominal Rupiah dan menerima
November 8, nilai nominal Dolar AS. Perusahaan membayar
2023* nilai nominal Dolar AS dan menerima nilai nominal
Rupiah pada setiap tiga bulan sampai dengan
pertukaran akhir sesuai dengan jadwal
PT Bank Mandiri 82.661.744 Rp1.311.428.571.426 7 November 23 Juni 2028/
pembayaran/
(Persero) Tbk 2023*/ June 23, 2028
The Company shall receive a fixed interest rate on
November 7,
the Rupiah notional amount and pay a fixed
2023*
interest rate on the US Dollar notional amount
every June 23, September 23, December 23 and
PT Bank DBS 39.650.146 Rp631.428.571.427 6 November 23 Juni 2028/ March 23. Initial exchange occurred on the
Indonesia 2023*/ June 23, 2028 effective date in which the Company paid the
November 6, Rupiah notional amount and received the US
2023* Dollar notional amount. The Company pays the
US Dollar notional amount and receives the
PT Bank UOB 39.650.146 Rp631.428.571.427 6 November 23 Juni 2028/ Rupiah notional amount for every three months up
Indonesia 2023*/ June 23, 2028 to the final exchange date based on the
November 6, repayment schedule.
2023*
PT Bank DBS 48.830.842 Rp777.142.857.146 1 November 23 Juni 2028/
Indonesia 2023*/ June 23, 2028
November 1,
2023*
PT Bank Maybank 48.723.690 Rp777.142.857.146 1 November 23 Juni 2028/
Indonesia Tbk 2023*/ June 23, 2028
November 1,
2023*
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
302
300 PT Medco Energi Internasional Tbk 2024 Annual Report
141
Page 305
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank CIMB 10.000.000 Rp150.000.000.000 7 Juli 2023*/ 7 Juli 2026/ Perusahaan menerima tingkat bunga tetap per
Niaga Tbk July 7, 2023* July 7, 2026 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 6 Juli, 6 Oktober, 6 Januari dan
6 April. Pertukaran awal terjadi pada tanggal
efektif dimana Perusahaan membayar nilai
nominal Rupiah dan menerima nilai nominal Dolar
PT Bank UOB 17.333.333 Rp260.000.000.000 7 Juli 2023*/ 7 Juli 2028/ AS. Pada pertukaran akhir, Perusahaan
Indonesia July 7, 2023* July 7, 2028 membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every July 6, October 6, January 6 and April 6.
Initial exchange occurred on the effective date in
PT Bank Maybank 39.333.333 Rp590.000.000.000 7 Juli 2023*/ 7 Juli 2030/
which the Company paid the Rupiah notional
Indonesia Tbk July 7, 2023* July 7, 2030
amount and received the US Dollar notional
amount. On the final exchange date, the Company
pays the US Dollar notional amount and receives
the Rupiah notional amount.
PT Bank Mandiri 59.606.880 Rp892.315.000.000 26 Juli 2022*/ 26 Juli 2025/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk July 26, 2022* July 26, 2025 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 25 Juli, 25 Oktober, 25 Januari
dan 25 April. Pertukaran awal terjadi pada tanggal
efektif dimana Perusahaan membayar nilai
nominal Rupiah dan menerima nilai nominal Dolar
PT Bank CIMB 43.420.174 Rp650.000.000.000 26 Juli 2022*/ 26 Juli 2025/ AS. Pada pertukaran akhir, Perusahaan
Niaga Tbk July 26, 2022* July 26, 2025 membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every July 25, October 25, January 25 and April
PT Bank DBS 23.380.094 Rp350.000.000.000 26 Juli 2022*/ 26 Juli 2025/ 25. Initial exchange occurred on the effective date
Indonesia July 26, 2022* July 26, 2025 in which the Company paid the Rupiah notional
amount and received the US Dollar notional
amount. On the final exchange date, the Company
pays the US Dollar notional amount and receives
the Rupiah notional amount.
PT Bank DBS 6.662.225 Rp100.000.000.000 26 Juli 2022/ 26 Juli 2027/ Perusahaan menerima tingkat bunga tetap per
Indonesia July 26, 2022 July 26, 2027 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
AS setiap tanggal 25 Juli, 25 Oktober, 25 Januari
PT Bank Maybank 28.075.616 Rp421.415.000.000 26 Juli 2022/ 26 Juli 2027/ dan 25 April. Pada pertukaran akhir, Perusahaan
Indonesia Tbk July 26, 2022 July 26, 2027 membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
PT Bank Maybank 19.058.628 Rp286.070.000.000 26 Juli 2022/ 26 Juli 2029/ the Rupiah notional amount and pay a fixed
Indonesia Tbk July 26, 2022 July 26, 2029 interest rate on the US Dollar notional amount
every July 25, October 25, January 25 and April
25. On the final exchange date, the Company
PT Bank UOB 20.000.000 Rp300.200.000.000 26 Juli 2022/ 26 Juli 2029/ pays the US Dollar notional amount and receives
Indonesia July 26, 2022 July 26, 2029 the Rupiah notional amount.
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
142
PT Medco Energi Internasional Tbk 2024 Annual Report
303
301
Page 306
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Mandiri 14.437.951 Rp210.000.000.000 15 Juni 2022*/ 23 Juni 2024/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk June 15, 2022* June 23, 2024 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
Telah diselesaikan pada AS setiap tanggal 23 Juni, 23 September, 23
bulan Juni 2024/ Desember dan 23 Maret. Pertukaran awal terjadi
Settled in June 2024 pada tanggal efektif dimana Perusahaan
membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Perusahaan membayar
nilai nominal Dolar AS dan menerima nilai nominal
Rupiah pada setiap tiga bulan sampai dengan
pertukaran akhir sesuai dengan jadwal
pembayaran/
The Company shall receive a fixed interest rate on
PT Bank Maybank 14.428.032 Rp210.000.000.000 15 Juni 2022*/ 23 Juni 2024/ the Rupiah notional amount and pay a fixed
Indonesia Tbk June 15, 2022* June 23, 2024 interest rate on the US Dollar notional amount
every June 23, September 23, December 23 and
Telah diselesaikan pada March 23. Initial exchange occurred on the
bulan Juni 2024/ effective date in which the Company paid the
Settled in June 2024 Rupiah notional amount and received the US
Dollar notional amount. The Company pays the
US Dollar notional amount and receives the
Rupiah notional amount for every three months up
to the final exchange date based on the
repayment schedule.
PT Bank Negara 6.750.000 Rp97.031.250.000 4 Maret 2022/ 26 Mei 2023/ MPI membayar tingkat bunga tetap per tahun atas
Indonesia March 4, 2022 May 26, 2023 nilai nominal Rupiah dan menerima pada tingkat
(Persero) Tbk suku bunga mengambang dengan basis LIBOR
Telah diselesaikan pada tiga bulan ditambah margin atas nilai nominal
bulan Mei 2023/ Dolar AS setiap bulan/
Settled in May 2023 MPI shall pay a fixed interest rate on the Rupiah
notional amount and receive a floating three
months LIBOR-based interest rate plus margin on
the US Dollar notional amount every month.
PT Bank DBS 33.068.996 Rp470.902.500.000 23 November 23 November 2024/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2021*/ November 23, 2024 tahun atas nilai nominal Rupiah dan membayar
November 23, pada tingkat bunga tetap atas nilai nominal Dolar
2021* AS setiap tanggal 22 November, 22 Februari, 22
Telah diselesaikan pada Mei dan 22 Agustus. Pertukaran awal terjadi pada
bulan November 2024/ tanggal efektif dimana Perusahaan membayar
Settled in November nilai nominal Rupiah dan menerima nilai nominal
2024 Dolar AS. Pada pertukaran akhir, Perusahaan
membayar nilai nominal Dolar AS dan menerima
PT Bank CIMB 33.092.235 Rp470.902.500.000 23 November 23 November 2024/ nilai nominal Rupiah/
Niaga Tbk 2021*/ November 23, 2024 The Company shall receive a fixed interest rate on
November 23, the Rupiah notional amount and pay a fixed
2021* interest rate on the US Dollar notional amount
Telah diselesaikan pada every November 22, February 22, May 22 and
bulan November 2024/ August 22. Initial exchange occurred on the
Settled in November effective date in which the Company paid the
2024 Rupiah notional amount and received the US
Dollar notional amount. On the final exchange
PT Bank UOB 4.089.599 Rp58.195.000.000 23 November 23 November 2026/
date, the Company pays the US Dollar notional
Indonesia 2021*/ November 23, 2026
amount and receives the Rupiah notional amount.
November 23,
2021*
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
304
302 PT Medco Energi Internasional Tbk 2024 Annual Report
143
Page 307
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Mandiri 28.070.175 Rp400.000.000.000 9 September 9 September 2024/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk 2021*/ September 9, 2024 tahun atas nilai nominal Rupiah dan membayar
September 9, pada tingkat bunga tetap atas nilai nominal Dolar
2021* Telah diselesaikan pada AS setiap tanggal 8 September, 8 Desember, 8
bulan September 2024/ Maret dan 8 Juni. Pertukaran awal terjadi pada
Settled in September tanggal efektif dimana Perusahaan membayar
2024 nilai nominal Rupiah dan menerima nilai nominal
Dolar AS. Pada pertukaran akhir, Perusahaan
PT Bank Mandiri 10.526.316 Rp150.000.000.000 9 September 9 September 2026/ membayar nilai nominal Dolar AS dan menerima
(Persero) Tbk 2021*/ September 9, 2026 nilai nominal Rupiah/
September 9, The Company shall receive a fixed interest rate on
2021* the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every September 8, December 8, March 8 and
June 8. Initial exchange occurred on the effective
PT Bank Maybank 31.545.741 Rp450.000.000.000 9 September 9 September 2026/ date in which the Company paid the Rupiah
Indonesia Tbk 2021*/ September 9, 2026 notional amount and received the US Dollar
September 9, notional amount. On the final exchange date, the
2021* Company pays the US Dollar notional amount and
receives the Rupiah notional amount.
PT Bank Mandiri 31.862.745 Rp455.000.000.000 2 Juni 2021*/ 23 Juni 2024/ Perusahaan menerima tingkat bunga tetap per
(Persero) Tbk June 2, 2021* June 23, 2024 tahun atas nilai nominal Rupiah dan membayar
pada tingkat bunga tetap atas nilai nominal Dolar
Telah diselesaikan pada AS setiap tanggal 23 Juni, 23 September, 23
bulan Juni 2024/ Desember dan 23 Maret. Pertukaran awal terjadi
Settled in June 2024 pada tanggal efektif dimana Perusahaan
membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Perusahaan membayar
PT Bank Permata 7.342.657 Rp105.000.000.000 2 Juni 2021*/ 23 Juni 2024/ nilai nominal Dolar AS dan menerima nilai nominal
Tbk June 2, 2021* June 23, 2024 Rupiah pada setiap tiga bulan sampai dengan
pertukaran akhir sesuai dengan jadwal
Telah diselesaikan pada pembayaran/
bulan Juni 2024/ The Company shall receive a fixed interest rate on
Settled in June 2024 the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every June 23, September 23, December 23 and
March 23. Initial exchange occurred on the
PT Bank UOB 4.895.105 Rp70.000.000.000 2 Juni 2021*/ 21 Juni 2024/ effective date in which the Company paid the
Indonesia June 2, 2021* June 21, 2024 Rupiah notional amount and received the US
Dollar notional amount. The Company pays the
Telah diselesaikan pada US Dollar notional amount and receives the
bulan Juni 2024/ Rupiah notional amount for every three months up
Settled in June 2024 to the final exchange date based on the
repayment schedule.
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
144
PT Medco Energi Internasional Tbk 2024 Annual Report
305
303
Page 308
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank UOB 14.593.214 Rp200.000.000.000 20 Februari 20 Februari 2025/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2020*/ February 20, 2025 tahun atas nilai nominal Rupiah dan membayar
February 20, pada tingkat bunga tetap atas nilai nominal Dolar
2020* AS setiap tanggal 19 Februari, 19 Mei, 19 Agustus
dan 19 November. Pertukaran awal terjadi pada
PT Bank CIMB 20.160.525 Rp276.300.000.000 20 Februari 20 Februari 2025/ tanggal efektif dimana Perusahaan membayar
Niaga Tbk 2020*/ February 20, 2025 nilai nominal Rupiah dan menerima nilai nominal
February 20, Dolar AS. Pada pertukaran akhir, Perusahaan
2020* membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
PT Bank Mandiri 29.186.428 Rp400.000.000.000 20 Februari 20 Februari 2023/ The Company shall receive a fixed interest rate on
(Persero) Tbk 2020*/ February 20, 2023 the Rupiah notional amount and pay a fixed
February 20, interest rate on the US Dollar notional amount
2020* Telah diselesaikan pada every February 19, May 19, August 19 and
bulan Februari 2023/ November 19. Initial exchange occurred on the
Settled in February 2023 effective date in which the Company paid the
Rupiah notional amount and received the US
PT Bank Maybank 7.296.607 Rp100.000.000.000 20 Februari 20 Februari 2023/ Dollar notional amount. On the final exchange
Indonesia Tbk 2020*/ February 20, 2023 date, the Company pays the US Dollar notional
February 20, amount and receives the Rupiah notional amount.
2020* Telah diselesaikan pada
bulan Februari 2023/
Settled in February 2023
PT Bank DBS 14.593.214 Rp200.000.000.000 20 Februari 20 Februari 2023/
Indonesia 2020*/ February 20, 2023
February 20,
2020* Telah diselesaikan pada
bulan Februari 2023/
Settled in February 2023
PT Bank UOB 14.863.189 Rp203.700.000.000 20 Februari 20 Februari 2023/ Perusahaan menerima tingkat bunga tetap per
Indonesia 2020*/ February 20, 2023 tahun atas nilai nominal Rupiah dan membayar
February 20, pada tingkat bunga tetap atas nilai nominal Dolar
2020* Telah diselesaikan pada AS setiap tanggal 20 Februari, 20 Mei, 20 Agustus
bulan Februari 2023/ dan 20 November. Pertukaran awal terjadi pada
Settled in February 2023 tanggal efektif dimana Perusahaan membayar
nilai nominal Rupiah dan menerima nilai nominal
Dolar AS. Pada pertukaran akhir, Perusahaan
membayar nilai nominal Dolar AS dan menerima
nilai nominal Rupiah/
PT Bank CIMB 8.755.928 Rp120.000.000.000 20 Februari 20 Februari 2023/ The Company shall receive a fixed interest rate on
Niaga Tbk 2020*/ February 20, 2023 the Rupiah notional amount and pay a fixed
February 20, interest rate on the US Dollar notional amount
2020* Telah diselesaikan pada every February 20, May 20, August 20 and
bulan Februari 2023/ November 20. Initial exchange occurred on the
Settled in February 2023 effective date in which the Company paid the
Rupiah notional amount and received the US
Dollar notional amount. On the final exchange
date, the Company pays the US Dollar notional
amount and receives the Rupiah notional amount.
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
306
304 PT Medco Energi Internasional Tbk 2024 Annual Report
145
Page 309
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap silang atas mata uang (lanjutan)/
Cross-currency swap (continued)
PT Bank Permata 3.179.810 Rp47.500.000.000 28 September 28 September 2023/ Perusahaan menerima tingkat bunga tetap per
Tbk 2018*/ September 28, 2023 tahun atas nilai nominal Rupiah dan membayar
September 28, pada tingkat bunga tetap atas nilai nominal Dolar
2018* Telah diselesaikan pada AS setiap tanggal 27 September, 27 Desember,
bulan September 2023/ 27 Maret dan 27 Juni. Pertukaran awal terjadi
Settled in September pada tanggal efektif dimana perusahaan
2023 membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Pada pertukaran akhir,
Perusahaan membayar nilai nominal Dolar AS dan
menerima nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every September 27, December 27, March 27 and
June 27. Initial exchange occurred on the effective
date in which the Company paid the Rupiah
notional amount and received the US Dollar
notional amount. On the final exchange date, the
Company pays the US Dollar notional amount and
receives the Rupiah notional amount.
PT Bank CIMB 15.812.432 Rp217.500.000.000 29 Maret 29 Maret 2023/ Perusahaan menerima tingkat bunga tetap per
Niaga Tbk 2018*/ March 29, 2023 tahun atas nilai nominal Rupiah dan membayar
March 29, pada tingkat bunga tetap atas nilai nominal Dolar
2018* Telah diselesaikan pada AS setiap tanggal 28 Maret, 28 Juni, 28
bulan Maret 2023/ September dan 28 Desember. Pertukaran awal
Settled in March 2023 terjadi pada tanggal efektif dimana perusahaan
membayar nilai nominal Rupiah dan menerima
nilai nominal Dolar AS. Pada pertukaran akhir,
Perusahaan membayar nilai nominal Dolar AS dan
menerima nilai nominal Rupiah/
The Company shall receive a fixed interest rate on
the Rupiah notional amount and pay a fixed
interest rate on the US Dollar notional amount
every March 28, June 28, September 28 and
December 28. Initial exchange occurred on the
effective date in which the Company paid the
Rupiah notional amount and received the US
Dollar notional amount. On the final exchange
date, the Company pays the US Dollar notional
amount and receives the Rupiah notional amount.
Catatan: Note:
* tanggal pertukaran awal * initial exchange date
146
PT Medco Energi Internasional Tbk 2024 Annual Report
307
305
Page 310
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Nilai Notional/Notional Amount
Tanggal Tanggal
Pihak ketiga/ Dalam mata uang Syarat dan ketentuan/
Dalam AS$/ Efektif/ Pertukaran Akhir/
Third parties asing/ In foreign Terms and conditions
In US$ Effective Date Final Exchange Date
currency
Perjanjian swap atas suku bunga/
Interest rate swap
Australia and New 46.700.000 N/A 27 Maret 2023/ 31 Desember 2028/ MEPM menerima tingkat suku bunga
Zealand Banking March 27, 2023 December 31, 2028 mengambang dengan basis compounding SOFR
Group Limited per tahun dan membayar pada tingkat suku bunga
tetap per tahun setiap tanggal 31 Maret, 30 Juni,
30 September dan 31 Desember/
MEPM shall receive a floating compunding SOFR-
based interest rate per annum and pay a fixed
Societe Generale 46.700.000 N/A 27 Maret 2023/ 31 Desember 2028/
interest rate per annum every March 31, June 30,
March 27, 2023 December 31, 2028
September 30 and December 31.
ING Bank N.V. 46.700.000 N/A 27 Maret 2023/ 31 Desember 2028/
March 27, 2023 December 31, 2028
MUFG Bank, Ltd. 57.474.418 N/A 27 November 18 Maret 2039/ MRPR menerima suku bunga mengambang USD-
2019/ March 18, 2039 SOFR 6 bulan ditambah spread dan membayar
November 27, suku bunga tetap per tahun setiap tanggal 23
2019 Februari dan 23 Agustus/
MRPR shall receive a floating 6 months USD-
SOFR based interest rate plus spread and pay a
fixed interest rate per annum on every February
Sumitomo Mitsui 57.474.418 N/A 27 November 18 Maret 2039/
23 and August 23.
Banking 2019/ March 18, 2039
Corporation November 27,
2019
International 33.415.359 N/A 27 November 18 Maret 2039/
Finance 2019/ March 18, 2039
Corporation November 27,
2019
308
306 PT Medco Energi Internasional Tbk 2024 Annual Report
147
Page 311
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Tanggal Tanggal Pertukaran
Pihak ketiga/ Nilai Notional/ Syarat dan ketentuan/
Efektif/ Akhir/
Third parties Notional Amount Terms and conditions
Effective Date Final Exchange Date
Perjanjian Collar komoditas pada Brent/
Commodity Collar agreement on Brent
Morgan Stanley & 60.000 barel/ 1 April 2024/ 30 September 2024/ Jika harga mengambang pada saat tanggal
Co. International 60,000 barrels April 1, 2024 September 30, 2024 pembayaran lebih besar dari harga kesepakatan
plc tertinggi, maka pada tanggal pembayaran,
Telah diselesaikan pada Perusahaan akan membayar selisihnya/
bulan September 2024/ If the floating price in respect of a payment date is
Settled in September greater than the upper strike price, then on the
2024 relevant payment date, the Company will pay the
difference.
Morgan Stanley & 90.000 barel/ 1 April 2024/ 31 Desember 2024/
Co. International 90,000 barrels April 1, 2024 December 31, 2024 Jika harga mengambang pada saat tanggal
plc pembayaran lebih rendah dari harga kesepakatan
tertinggi dan sama atau lebih tinggi dari harga
Telah diselesaikan pada kesepakatan terendah, maka tidak ada settlement/
bulan Desember 2024/ If the floating price in respect of a payment date is
Settled in December lower than the upper strike price and equal to or
2024 greater than the lower strike price, then no
settlement.
ING Bank N.V. 100.000 barel/ 1March 2024/ 31 Desember 2024/
100,000 barrels March 1, 2024 December 31, 2024 Jika harga mengambang pada saat tanggal
pembayaran lebih rendah dari harga kesepakatan
Telah diselesaikan pada terendah, maka pada tanggal pembayaran, pihak
bulan Desember 2024/ ketiga akan membayar selisihnya/
Settled in December If the floating price in respect of a payment date is
2024 lower than the lower strike price, then on the
relevant payment date, the counterparty will pay
J.P. Morgan 60.000 barel/ 1March 2024/ 31 Agustus 2024/ the difference.
60,000 barrels March 1, 2024 August 31, 2024
Telah diselesaikan pada
bulan Agustus 2024/
Settled in August 2024
J.P. Morgan 100.000 barel/ 1 March 2024/ 31 Desember 2024/
100,000 barrels March 1, 2024 December 31, 2024
Telah diselesaikan pada
bulan Desember 2024/
Settled in December
2024
J.P. Morgan 60.000 barel/ 1 Februari 2024/ 31 Juli 2024/
60,000 barrels February 1, 2024 July 31, 2024
Telah diselesaikan pada
bulan Juli 2024/
Settled in July 2024
Morgan Stanley & 120.000 barel/ 1 Juli 2023/ 30 Juni 2024/
Co. International 120,000 barrels July 1, 2023 June 30, 2024
plc
Telah diselesaikan pada
bulan Juni 2024/
Settled in June 2024
Morgan Stanley & 120.000 barel/ 1 Juli 2023/ 30 Juni 2024/
Co. International 120,000 barrels July 1, 2023 June 30, 2024
plc
Telah diselesaikan pada
bulan Juni 2024/
Settled in June 2024
Natixis 120.000 barel/ 1 Agustus 2023/ 31 Juli 2024/
120,000 barrels August 1, 2023 July 31, 2024
Telah diselesaikan pada
bulan Juli 2024/
Settled in July 2024
148
PT Medco Energi Internasional Tbk 2024 Annual Report
309
307
Page 312
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
27. DERIVATIF (lanjutan) 27. DERIVATIVES (continued)
Informasi lebih lanjut mengenai berbagai kontrak Further information relating to the derivatives
derivatif Grup adalah sebagai berikut: (lanjutan) undertaken by the Group is as follows: (continued)
Tanggal
Pihak ketiga/ Nilai Notional/ Tanggal Pertukaran Akhir/ Syarat dan ketentuan/
Efektif/
Third parties Notional Amount Final Exchange Date Terms and conditions
Effective Date
Perjanjian Collar Komoditas pada Brent/ (lanjutan)
Commodity Collar Agreement on Brent (continued)
Standard Chartered Bank 120.000 barel/ 1 Agustus 2023/ 31 Juli 2024/ Jika harga mengambang pada saat tanggal
120,000 barrels August 1, 2023 July 31, 2024 pembayaran lebih besar dari harga kesepakatan
tertinggi, maka pada tanggal pembayaran,
Telah diselesaikan pada Perusahaan akan membayar selisihnya/
bulan Juli 2024/ If the floating price in respect of a payment date
Settled in July 2024 is greater than the upper strike price, then on
the relevant payment date, the Company will
ING Bank N.V. 120.000 barel/ 1 September 2023/ 31 Agustus 2024/ pay the difference.
120,000 barrels September 1, 2023 August 31, 2024
Jika harga mengambang pada saat tanggal
Telah diselesaikan pada pembayaran lebih rendah dari harga
bulan Agustus 2024/ kesepakatan tertinggi dan sama atau lebih tinggi
Settled in August 2024 dari harga kesepakatan terendah, maka tidak
ada settlement/
Morgan Stanley & 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
If the floating price in respect of a payment date
Co. International 120,000 barrels January 1, 2024 December 31, 2024
is lower than the upper strike price and equal to
plc
or greater than the lower strike price, then no
Telah diselesaikan pada
settlement.
bulan Desember 2024/
Settled in December 2024 Jika harga mengambang pada saat tanggal
Morgan Stanley & 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/ pembayaran lebih rendah dari harga
Co. International 120,000 barrels January 1, 2024 December 31, 2024 kesepakatan terendah, maka pada tanggal
plc pembayaran, pihak ketiga akan membayar
Telah diselesaikan pada selisihnya/
bulan Desember 2024/ If the floating price in respect of a payment date
Settled in December 2024 is lower than the lower strike price, then on the
relevant payment date, the counterparty will pay
Natixis 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/ the difference.
120,000 barrels January 1, 2024 December 31, 2024
Telah diselesaikan pada
bulan Desember 2024/
Settled in December 2024
Standard Chartered Bank 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
120,000 barrels January 1, 2024 December 31, 2024
Telah diselesaikan pada
bulan Desember 2024/
Settled in December 2024
ING Bank N.V. 120.000 barel/ 1 Januari 2024/ 31 Desember 2024/
120,000 barrels January 1, 2024 December 31, 2024
Telah diselesaikan pada
bulan Desember 2024/
Settled in December 2024
Natixis 1.360.000 barel/ 1 Februari 2022/ 30 Juni 2023/
1,360,000 barrels February 1, 2022 June 30, 2023
Telah diselesaikan pada
bulan Juni 2023/
Settled in June 2023
ING Bank N.V. 680.000 barel/ 1 Februari 2022/ 30 Juni 2023/
680,000 barrels February 1, 2022 June 30, 2023
Telah diselesaikan pada
bulan Juni 2023/
Settled in June 2023
Morgan Stanley & 3.360.000 barel/ 1 Februari 2022/ 31 Desember 2023/
Co. International 3,360,000 barrels February 1, 2022 December 31, 2023
plc
Telah diselesaikan pada
bulan
Desember 2023/
Settled in December 2023
310
308 PT Medco Energi Internasional Tbk 2024 Annual Report
149
Page 313
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK 28. BANK LOANS
a. Pinjaman bank a. Bank loans
2024
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Debitur/ Jumlah/ Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Borrower Total Short-term within one year Non-current the year
Dolar AS/US Dollar
Pinjaman Sindikasi/ Syndicated PT Medco E & P Tomori
loan 2) Sulawesi 3.000.000 – – 3.000.000 –
PT Medco E & P Malaka 141.000.000 – – 141.000.000 –
Konsorsium Pemberi Pinjaman
Riau/ Riau Lenders Consortium 3) PT Medco Ratch Power Riau 196.586.462 – 10.236.350 186.350.112 9.596.579
Pinjaman Sindikasi/ Syndicated
loan Medco E&P Grissik Ltd. 155.000.000 – 80.700.000 74.300.000 –
PT Bank HSBC Perusahaan/The Company – – – – 35.000.000
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank DBS Indonesia Perusahaan/The Company – – – – 50.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank Woori Saudara Indonesia
1906 Tbk 5) PT Medco Power Indonesia 3.250.000 – – 3.250.000 36.450.000
- Fasilitas Kredit Pendanaan Umum/
General Financing Credit Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia – – – – 7.200.000
- Fasilitas Musyarakah
Mutanaqishah/Musyarakah
Mutanaqishah Facility
- Fasilitas Musyarakah/Musyarakah
Facility
- Fasilitas Kafalah bil Ujrah/Kafalah
bil Ujrah Facility
PT Bank Syariah Indonesia Tbk PT Energi Listrik Batam 29.636.717 – 5.986.029 23.650.688 5.670.593
- Fasilitas Musyarakah
Mutanaqishah/Musyarakah
Mutanaqishah Facility
- Fasilitas Musyarakah/Musyarakah
Facility
- Fasilitas Kafalah bil Ujrah/Kafalah
bil Ujrah Facility
PT Bank Negara Indonesia
(Persero) Tbk PT Medco Solar Bali Timur 5.267.668 – – 5.267.668 –
- Fasilitas Kredit Investasi/
Investment Credit Facility
PT Bank Mandiri (Persero) Tbk PT Medco Power Indonesia 2.205.376 2.205.376 – – 10.846.729
- Fasilitas Pinjaman Non-Kas/Non-
Cash Loan Facility
PT Bank Negara Indonesia
(Persero) Tbk PT Medco Power Indonesia 14.645.835 14.645.835 – – 29.289.669
- Fasilitas Pinjaman Non-Kas/Non-
Cash Loan Facility
PT Bank Tabungan Negara
(Persero) Tbk PT Medco Power Indonesia 7.440.104 7.440.104 – – 6.218.925
- Fasilitas Pinjaman Non-Kas/Non-
Cash Loan Facility
Sub-jumlah/Sub-total 558.032.162 24.291.315 96.922.379 436.818.468 190.272.495
150
PT Medco Energi Internasional Tbk 2024 Annual Report
311
309
Page 314
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
2024
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Debitur/Borrower Jumlah/Total Short-term within one year Non-current the year
Rupiah/Rupiah
PT Bank Mandiri (Persero) Tbk Perusahaan/The Company 532.112.362 – 55.686.177 476.426.185 78.164.533
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Negara Indonesia
(Persero) Tbk PT Medco Power Indonesia 472.370 472.370 – – 28.041.571
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 11.142.247 – 557.112 10.585.135 28.428.094
- Fasilitas Musyarakah/Musyarakah
Facility
PT Bank Tabungan Negara
(Persero) Tbk PT Medco Power Indonesia 29.896.074 20.986.285 1.113.724 7.796.065 15.253.558
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Mandiri (Persero) Tbk PT Medco Power Indonesia 6.466.945 6.466.945 – – 18.802.843
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Energi Listrik Batam 12.080.458 – – 12.080.458 –
- Fasilitas Musyarakah/Musyarakah
Facility
PT Bank Maybank Indonesia Tbk PT Medco Power Indonesia 45.526.901 2.474.941 2.165.574 40.886.386 10.361.216
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank KEB Hana Indonesia PT Medco Power Indonesia 9.281.029 – 1.020.913 8.260.116 –
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank DBS Indonesia Perusahaan/The Company 72.392.031 – 7.239.203 65.152.828 –
- Fasilitas Kredit Term Loan/Credit
Term Loan Facility
PT Bank Negara Indonesia
(Persero) Tbk PT Medco Solar Bali Timur 869.761 – – 869.761 –
- Fasilitas Kredit Investasi/
Investment Credit Facility
Sub-jumlah/Sub-total 720.240.178 30.400.541 67.782.703 622.056.934 179.051.815
Jumlah/Total 1.278.272.340 54.691.856 164.705.082 1.058.875.402 369.324.310
Dikurangi diskonto yang belum
diamortisasi/ Less unamortized
discount 32.648.799 – 2.203.166 30.445.633
Neto/Net 1.245.623.541 54.691.856 162.501.916 1.028.429.769
312
310 PT Medco Energi Internasional Tbk 2024 Annual Report
151
Page 315
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
` 2023
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Debitur/Borrower Jumlah/Total Short-term within one year Non-current the year
Dolar AS/US Dollar
Pinjaman Sindikasi/ Syndicated
loan 1) Perusahaan/The Company – – – – 150.000.000
Pinjaman Sindikasi/ Syndicated PT Medco E & P Tomori
loan 2) Sulawesi 3.000.000 – – 3.000.000 15.843.402
PT Medco E & P Malaka 141.000.000 – – 141.000.000 45.383.832
Konsorsium Pemberi Pinjaman PT Medco Ratch Power
Riau/ Riau Lenders Consortium 3) Riau 206.183.041 – 9.596.579 196.586.462 7.633.141
Pinjaman Sindikasi/ Syndicated Medco Energi Global Pte.
loan 4) Ltd. – – – – 169.875.000
Pinjaman Sindikasi/ Syndicated Medco E&P Grissik Ltd.
loan – – – – 44.000.000
PT Bank Mandiri (Persero) Tbk Perusahaan/The Company – – – – 30.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT HSBC Indonesia Perusahaan/The Company 35.000.000 35.000.000 – – 60.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank DBS Indonesia Perusahaan/The Company 50.000.000 50.000.000 – – 115.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank Permata Tbk Perusahaan/The Company – – – – 30.000.000
- Fasilitas Kredit Jangka Pendek/
Short Term Loan Facility
PT Bank QNB Indonesia Perusahaan/The Company – – – – 15.000.000
- Fasilitas Kredit Pendanaan Umum/
General Financing Credit Facility
PT Bank Woori Saudara Indonesia
1906 Tbk 5) PT Medco Power Indonesia 11.000.000 – 11.000.000 – 2.000.000
- Fasilitas Kredit Pendanaan Umum/
General Financing Credit Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 7.200.000 – 7.200.000 – 2.600.000
- Fasilitas Musyarakah
Mutanaqishah/Musyarakah
- Fasilitas Musyarakah/ Musyarakah
Facility
- Fasilitas Kafalah bil Ujrah/ Kafalah
bil Ujrah Facility
PT Bank Syariah Indonesia Tbk PT Energi Listrik Batam 18.826.118 – 5.666.400 13.159.718 23.658.633
- Fasilitas Musyarakah
Mutanaqishah/Musyarakah
Mutanaqishah Facility
- Fasilitas Musyarakah/ Musyarakah
Facility
- Fasilitas Kafalah bil Ujrah/ Kafalah
bil Ujrah Facility
Sub-jumlah/Sub-total 472.209.159 85.000.000 33.462.979 353.746.180 710.994.008
152
PT Medco Energi Internasional Tbk 2024 Annual Report
313
311
Page 316
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
2023
Pembayaran
Jatuh tempo selama tahun
dalam satu berjalan/
Jangka Pendek/ tahun/Maturing Jangka Panjang/ Payments during
Kreditur/Lenders Debitur/Borrower Jumlah/Total Short-term within one year Non-current the year
Rupiah/Rupiah
PT Bank Mandiri (Persero) Tbk Perusahaan/The Company 413.531.396 – 82.706.279 330.825.117 17.166.493
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
PT Maybank Indonesia Finance PT Medco Power Indonesia – – – – 5.693
- Fasilitas Kredit Pembiayaan
Konsumtif/Consumer Credit Facility
PT Bank Negara Indonesia
(Persero) Tbk PT Medco Power Indonesia 52.256.339 26.374.139 25.882.200 – –
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia – – – – 2.038.676
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
PT Bank Syariah Indonesia Tbk PT Medco Power Indonesia 29.222.885 – 13.978.983 15.243.902 5.375.287
- Fasilitas Musyarakah/ Musyarakah
Facility
PT Bank Tabungan Negara PT Medco Power Indonesia
(Persero) Tbk 29.847.431 20.117.281 389.206 9.340.944 –
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
PT Bank Mandiri (Persero) Tbk PT Medco Power Indonesia 28.429.251 16.104.393 648.677 11.676.181 23.574.565
- Fasilitas Kredit Term Loan/ Credit
Term Loan Facility
553.287.302 62.595.813 123.605.345 367.086.144 48.160.714
Jumlah/Total 1.025.496.461 147.595.813 157.068.324 720.832.324 759.154.722
Dikurangi diskonto yang belum
diamortisasi/ Less unamortized
discount 29.930.222 – 454.717 29.475.505
Neto/Nett 995.566.239 147.595.813 156.613.607 691.356.819
Catatan: Notes:
(1) Pinjaman sindikasi Perusahaan terdiri dari Australia and New Zealand Banking (1) Syndicated loan of The Company from lenders which comprised of Australia and
Group Limited, PT Bank ANZ Indonesia, PT Bank Negara Indonesia (Persero) New Zealand Banking Group Limited, PT Bank ANZ Indonesia, PT Bank Negara
Tbk, DBS Bank Ltd. dan BNP Paribas, Cabang Singapura. Indonesia (Persero) Tbk, DBS Bank Ltd. and BNP Paribas, Singapore Branch.
(2) Pinjaman sindikasi PT Medco E & P Malaka dan PT Medco E & P Tomori (2) Syndicated loan of PT Medco E & P Malaka and PT Medco E & P Tomori
Sulawesi terdiri dari Australia and New Zealand Banking Group Limited, ING Sulawesi from lenders which comprised of Australia and New Zealand Banking
Bank N.V., Cabang Singapura, PT Bank ANZ Indonesia, Societe Generale, Group Limited, ING Bank N.V., Singapore Branch, PT Bank ANZ Indonesia,
Cabang Singapura, PT Bank DBS Indonesia, PT Bank Mandiri (Persero) Tbk, Societe Generale, Singapore Branch, PT Bank DBS Indonesia, PT Bank Mandiri
Cabang Singapura, BNP Paribas, Credit Agricole Corporate and Investment (Persero) Tbk, Singapore Branch, BNP Paribas, Credit Agricole Corporate and
Bank, MUFG Bank, Ltd. dan PT Bank UOB Indonesia. Investment Bank, MUFG Bank, Ltd. and PT Bank UOB Indonesia.
(3) Konsorsium pemberi pinjaman untuk PT Medco Ratch Power Riau terdiri dari (3) Consortium of lenders for PT Medco Ratch Power Riau comprised of Asian
Asian Development Bank (ADB), dan International Finance Corporation (IFC), Development Bank (ADB) and International Finance Corporation (IFC), and
serta lembaga keuangan swasta yang terdiri dari MUFG Bank Ltd (MUFG) dan private financial institutions consist of MUFG Bank Ltd (MUFG) and Sumitomo
Sumitomo Mitsui Banking Corporation (SMBC). MUFG dan SMBC secara Mitsui Banking Corporation (SMBC). MUFG and SMBC altogether referred to as
bersama-sama disebut sebagai “Peserta”. Selanjutnya, ADB, IFC dan Peserta “Participants”. ADB, IFC, and the Participants altogether referred to as
secara bersama-sama disebut sebagai “Pemberi Pinjaman”. “Lenders”.
(4) Pinjaman sindikasi Medco Energi Global Pte. Ltd. terdiri dari Australia and New (4) Syndicated loan of Medco Energi Global Pte. Ltd. from lenders which comprised
Zealand Banking Group Limited, Cabang Singapura, ING Bank N.V., Cabang of Australia and New Zealand Banking Group Limited, Singapore Branch, ING
Singapura, DBS Bank Ltd., Morgan Stanley Senior Funding Inc., MUFG Bank, Bank N.V., Singapore Branch, DBS Bank Ltd., Morgan Stanley Senior Funding
Ltd., Standard Chartered Bank (Singapore) Limited, BNP Paribas, Credit Inc., MUFG Bank, Ltd., Standard Chartered Bank (Singapore), BNP Paribas,
Agricole Corporate and Investment Banking, Cabang Singapura, PT Bank Credit Agricole Corporate and Investment Banking, Singapore Branch, PT Bank
Mandiri (Persero) Tbk, Cabang Singapura, PT Bank Negara Indonesia (Persero) Mandiri (Persero) Tbk, Singapore Branch, PT Bank Negara Indonesia (Persero)
Tbk, Cabang Singapura, Societe Generale, Cabang Singapura, dan Sumitomo Tbk, Singapore Branch, Societe Generale, Singapore Branch, dan Sumitomo
Mitsui Banking Corporation, Cabang Singapura. Mitsui Banking Corporation, Singapore Branch.
(5) Merupakan pihak berelasi (Catatan 43). (5) Related party (Note 43).
314
312 PT Medco Energi Internasional Tbk 2024 Annual Report
153
Page 317
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Tabel berikut menyajikan tentang tingkat bunga The following table provides the range of
atas pinjaman bank: interest rate on bank loans:
2024 2023
Tingkat bunga per tahun Interest rate per annum
Rupiah 4,55% - 8,50% 4,25% - 9,30% Rupiah
Dolar Amerika Serikat 3,92% - 8,60% 1,97% - 9,63% United States Dollar
Berdasarkan perjanjian atas pinjaman-pinjaman Based on the agreements for the loans above,
di atas, Grup harus mematuhi batasan-batasan the Group must comply with certain restrictions,
tertentu, antara lain untuk memperoleh including obtaining written approval from the
persetujuan tertulis dari pemberi pinjaman lender before carrying out certain transactions
sebelum melakukan transaksi-transaksi tertentu such as entering into a business merger,
seperti mengadakan penggabungan usaha, takeover, liquidation or change of status and
pengambilalihan, likuidasi atau perubahan status Articles of Association, reducing the authorized
serta Anggaran Dasar, mengurangi modal dasar, capital, placed and fully paid; restrictions on
ditempatkan dan disetor penuh; pembatasan lending to third parties; negative guarantee, with
dalam pemberian pinjaman kepada pihak ketiga; some special exceptions; restrictions on
penjaminan negatif, dengan beberapa changing main activities and declaring and
pengecualian khusus; pembatasan dalam paying dividends exceeding a certain percentage
mengubah aktivitas utama dan mengumumkan of consolidated net profit; and must comply with
dan membayar dividen melebihi persentase certain financial ratios.
tertentu dari laba neto konsolidasian; dan harus
mematuhi rasio-rasio keuangan tertentu.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023,
manajemen berpendapat bahwa Grup mematuhi management is of the opinion that the Group has
semua pembatasan-pembatasan tersebut dan complied with all of these restrictions and the
Grup telah memenuhi semua rasio keuangan Group has complied with all financial ratios
yang dipersyaratkan dalam perjanjian pinjaman required under the loan agreements or has
atau telah memperoleh pelepasan dari obtained a release from the financial ratio
persyaratan rasio keuangan sebelum tanggal 31 requirements prior to December 31, 2024 and
Desember 2024 dan 2023, kecuali untuk entitas 2023, except for certain subsidiaries that obtain
anak tertentu yang memperoleh pelepasan atas releases on the specified financial ratio
persyaratan rasio keuangan yang ditentukan. requirements.
154
PT Medco Energi Internasional Tbk 2024 Annual Report
315
313
Page 318
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Perusahaan The Company
Mandiri - Fasilitas Kredit Term Loan I Mandiri - Term Loan I Credit Facility
Pada tanggal 28 Mei 2021, Perusahaan On May 28, 2021, the Company entered into a
menandatangani perjanjian kredit dengan PT credit agreement with PT Bank Mandiri
Bank Mandiri (Persero) Tbk sebesar (Persero) Tbk of Rp1,500,000,000,000 with a
Rp1.500.000.000.000 dengan jangka waktu 3 term of 3 years.
tahun.
Selama tahun 2023, Perusahaan telah During 2023, the Company has paid scheduled
melakukan pembayaran cicilan terjadwal installment to PT Bank Mandiri (Persero) Tbk on
kepada PT Bank Mandiri (Persero) Tbk atas the credit term loan facility I with total of
fasilitas kredit term loan I sebesar Rp262,500,000,000.
Rp262.500.000.000.
Selama tahun 2024, Perusahaan telah During 2024, the Company has paid scheduled
melakukan pembayaran cicilan terjadwal installment to PT Bank Mandiri (Persero) Tbk on
kepada PT Bank Mandiri (Persero) Tbk atas the credit term loan facility I with total of
fasilitas kredit term loan I sebesar Rp1,125,000,000,000. On June 21, 2024, the
Rp1.125.000.000.000. Pada tanggal 21 Juni Company has fully repaid the facility.
2024, Perusahaan telah melunasi seluruh
fasilitas tersebut.
Mandiri - Fasilitas Kredit Term Loan II Mandiri - Term Loan II Credit Facility
Pada tanggal 14 September 2023, Perusahaan On September 14, 2023, the Company signed a
menandatangani perjanjian fasilitas kredit credit facility agreement with PT Bank Mandiri
dengan PT Bank Mandiri (Persero) Tbk untuk (Persero) Tbk for term loan II facility of
fasilitas pinjaman berjangka II sebesar Rp5,250,000,000,000 with 57-month tenor. On
Rp5.250.000.000.000 dengan tenor 57 bulan. November 2023, the Company has fully
Pada Bulan November 2023, Perusahaan withdrawn this facility. The Company has also
melakukan penarikan atas seluruh fasilitas entered into a “Cross Currency Swap”
tersebut. Perusahaan juga telah melakukan transaction to convert its Rupiah obligations into
transaksi “Pertukaran Mata Uang US Dollars whereby the Company will pay a
Silang” (“Cross Currency Swap”) untuk fixed interest rate in US Dollars and receive a
mengubah kewajiban Rupiah menjadi Dolar AS fixed interest rate in Rupiah.
dimana Perusahaan akan membayarkan suku
bunga tetap dalam Dolar AS dan menerima
suku bunga tetap dalam Rupiah.
Pada Juni, September dan Desember 2024, In June, September and December 2024, the
Perusahaan telah melakukan pembayaran Company has paid scheduled installment to PT
cicilan terjadwal kepada PT Bank Mandiri Bank Mandiri (Persero) Tbk on the credit term
(Persero) Tbk atas fasilitas kredit term loan II loan facility II with total of Rp150,000,000,000.
dengan total sebesar Rp150.000.000.000.
316
314 PT Medco Energi Internasional Tbk 2024 Annual Report
155
Page 319
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Perusahaan (lanjutan) The Company (continued)
Mandiri - Fasilitas Kredit Term Loan III Mandiri - Term Loan III Credit Facility
Pada tanggal 3 April 2024, Perusahaan On April 3, 2024, the Company signed a credit
menandatangani perjanjian kredit fasilitas term facility agreement with PT Bank Mandiri
loan III dengan PT Bank Mandiri (Persero) Tbk (Persero) Tbk for term loan III facility of
sebesar Rp3.500.000.000.000 dengan jangka Rp3,500,000,000,000 with 60-month tenor. As
waktu 60 bulan. Pada bulan Juni 2024, of June 2024, the Company has made full
Perusahaan telah melakukan penarikan atas withdrawals on the facility. The Company has
seluruh fasilitas kredit tersebut. Perusahaan also entered into a “Cross Currency Swap”
juga telah melakukan transaksi “Pertukaran transaction to convert its Rupiah obligations into
Mata Uang Silang” (“Cross Currency Swap”) US Dollars whereby the Company will pay a
untuk mengubah kewajiban Rupiah menjadi fixed interest rate in US Dollars and receive a
Dolar AS dimana Perusahaan akan fixed interest rate in Rupiah.
membayarkan suku bunga tetap dalam Dolar
AS dan menerima suku bunga tetap dalam
Rupiah.
Mandiri - Fasilitas Kredit Jangka Pendek Mandiri - Revolving Short-term Credit Facility
Pada tanggal 8 Maret 2018, Perusahaan On March 8, 2018, the Company signed a Short
menandatangani perjanjian Fasilitas Kredit Term Credit Facility (“Facility”) agreement with
Jangka Pendek (“Fasilitas”) dengan PT Bank PT Bank Mandiri (Persero) Tbk, which extended
Mandiri (Persero) Tbk dengan tenor satu tahun annually.
dan telah diperpanjang setiap tahunnya.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, there is no
tidak terdapat saldo terutang atas fasilitas ini. outstanding balance from this facility.
DBS - Fasilitas Perbankan DBS - Banking Facility
Pada tanggal 28 September 2010, Perusahaan On September 28, 2010, the Company entered
menandatangani perjanjian Fasilitas Perbankan into a Banking Facility (“Facility”) agreement
(“Fasilitas”) dengan PT Bank DBS Indonesia, with PT Bank DBS Indonesia, which extended
yang diperpanjang setiap tahunnya. annually.
Pada November dan Desember 2023, On November and December, 2023, the
Perusahaan melakukan penarikan Kredit Company withdraw the Short Term Loan from
Jangka Pendek dari PT Bank DBS Indonesia. PT Bank DBS Indonesia.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023,
saldo terutang adalah nil dan AS$50.000.000 outstanding balance is none and
untuk fasilitas ini. US$50,000,000 from this facility.
DBS - Fasilitas Kredit Term Loan DBS - Term Loan Credit Facility
Pada tanggal 18 September 2024, Perusahaan On September 18, 2024, the Company signed a
menandatangani perjanjian fasilitas kredit term term loan credit facility agreement with PT Bank
loan dengan PT Bank DBS Indonesia sebesar DBS Indonesia of Rp2,330,000,000,000 with a
Rp2.330.000.000.000 dengan jangka waktu 5 term of 5 years.
tahun.
156
PT Medco Energi Internasional Tbk 2024 Annual Report
317
315
Page 320
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Perusahaan (lanjutan) The Company (continued)
DBS - Fasilitas Kredit Term Loan (lanjutan) DBS - Term Loan Credit Facility (continued)
Pada tanggal 23 Oktober 2024, Perusahaan On October 23, 2024, the Company has
melakukan penarikan sebesar withdrawn Rp1,170,000,000,000 from the
Rp1.170.000.000.000 atas fasilitas tersebut. facility. The Company has also entered into a
Perusahaan juga telah melakukan transaksi “Cross Currency Swap” transaction to convert
“Pertukaran Mata Uang Silang” (“Cross its Rupiah obligations into US Dollars whereby
Currency Swap”) untuk mengubah kewajiban the Company will pay a fixed interest rate in US
Rupiah menjadi Dolar AS dimana Perusahaan Dollars and receive a fixed interest rate in
akan membayarkan suku bunga tetap dalam Rupiah.
Dolar AS dan menerima suku bunga tetap
dalam Rupiah.
HSBC - Fasilitas Perbankan HSBC - Banking Facility
Pada tanggal 6 Agustus 2018, Perusahaan On August 6, 2018, the Company entered into a
menandatangani perjanjian perbankan corporate banking agreement with PT Bank
korporasi dengan PT Bank HSBC Indonesia HSBC Indonesia with one year tenor which shall
dengan tenor satu tahun yang akan secara be automatically extended each year.
otomatis diperpanjang pada setiap tahunnya.
Pada November 2023, Perusahaan melakukan On November, 2023, the Company withdraw the
penarikan Kredit Jangka Pendek dari PT Bank Short Term Loan from PT Bank HSBC
HSBC Indonesia. Indonesia.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023,
saldo terutang adalah nil dan AS$35.000.000 outstanding balance is none and
untuk fasilitas ini. US$35,000,000 from this facility.
Standard Chartered Bank - Fasilitas Perbankan Standard Chartered Bank - Banking Facility
Pada tanggal 12 Juni 2000, Perusahaan On June 12, 2000, the Company signed Facility
menandatangani Surat Fasilitas dengan Letter with Standard Chartered Bank which shall
Standard Chartered Bank dimana akan terus be automatically extended.
diperpanjang secara otomatis.
QNB - Fasilitas Kredit QNB - Credit Facility
Pada tanggal 4 Januari 2023, Perusahaan On January 4, 2023, the Company signed
menandatangani Perjanjian Fasilitas Kredit Credit Facility Agreement with PT Bank QNB
dengan PT Bank QNB Indonesia, yang Indonesia, which extended annually.
diperpanjang setiap tahunnya.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, there is no
tidak terdapat saldo terutang atas fasilitas ini. outstanding balance from this facility.
Maybank - Fasilitas Kredit Maybank - Credit Facility
Pada tanggal 31 Agustus 2023, Perusahaan On August 31, 2023, the Company signed
menandatangani Perjanjian Fasilitas Kredit Credit Facility Agreement with PT Bank
dengan PT Bank Maybank Indonesia Tbk, yang Maybank Indonesia Tbk, which extended
diperpanjang setiap tahunnya. annually.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, there is no
tidak terdapat saldo terutang atas fasilitas ini. outstanding balance from this facility.
318
316 PT Medco Energi Internasional Tbk 2024 Annual Report
157
Page 321
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Perusahaan (lanjutan) The Company (continued)
LM Facility - Fasilitas Perbankan LM Facility - Bank Facility
Pada tanggal 13 Oktober 2022, Perusahaan On October 13, 2022, Company signed a
menandatangani Perjanjian Fasilitas senilai Facility Agreement of US$150,000,000 with
AS$150.000.000 dengan BNP Paribas, PT Bank BNP Paribas, PT Bank Negara Indonesia
Negara Indonesia (Persero) Tbk, DBS Bank Ltd. (Persero) Tbk, DBS Bank Ltd. dan PT Bank
dan PT Bank ANZ Indonesia dengan jangka ANZ Indonesia with 2 years tenor.
waktu 2 tahun.
Perusahaan telah melakukan penarikan atas The Company has fully utilized the facility on
seluruh fasilitas pada tanggal 4 November November 4, 2022.
2022.
Selama tahun 2023, Perusahaan melakukan During 2023, the Company paid scheduled
pembayaran cicilan terjadwal atas Pinjaman installment for Syndicated Loan with total of
Sindikasi dengan total jumlah sebesar US$67,500,000.
AS$67.500.000.
Pada tanggal 27 Desember 2023, Perusahaan On December 27, 2023. the Company made
melakukan pembayaran pelunasan dipercepat voluntary prepayment for the Syndicated Loan
sebesar AS$82.500.000 dan telah melunasi of US$82,500,000 and has fully repaid the
seluruh fasilitas tersebut. facility.
Entitas anak Subsidiaries
PT Medco E & P Malaka (“MEPM”) dan PT PT Medco E & P Malaka (“MEPM”) and PT
Medco E & P Tomori Sulawesi (“MEPTS”) Medco E & P Tomori Sulawesi (“MEPTS”)
Pada tanggal 19 Oktober 2018, MEPM dan On October 19, 2018, MEPM and MEPTS
MEPTS menandatangani Senior Secured entered into a Senior Secured Facility
Facility Agreement dengan Australia and New Agreement with Australia and New Zealand
Zealand Banking Group Limited, ING Bank N.V., Banking Group Limited, ING Bank N.V.,
Cabang Singapura, dan Societe Generale Singapore Branch, and Societe Generale
(bersama-sama disebut “Pemberi Pinjaman (together the “MEPM and MEPTS Syndicated
Sindikasi MEPM dan MEPTS”) (yang kemudian Lenders”) (later amended on December 27,
diubah pada tanggal 27 Desember 2018 2018 to become a Syndicated Agreement with
menjadi Perjanjian Sindikasi dengan perubahan major changes to the syndicated parties) with a
utama pada pihak-pihak sindikasi) dengan nilai maximum of up to US$500,000,000 which will
maksimal sampai dengan AS$500.000.000 mature on September 30, 2024. On December
yang akan jatuh tempo pada tanggal 30 23, 2022, MEPM and MEPTS signed an
September 2024. Pada tanggal 23 Desember Amendment and Restatement Agreement with
2022, MEPM dan MEPTS menandatangani MEPM and MEPTS Syndication Loan Lender
Perjanjian Perubahan dan Pernyataan Kembali for a loan up to US$420,000,000 which will
dengan Pemberi Pinjaman Sindikasi MEPM dan mature on December 30, 2028.
MEPTS dengan nilai maksimal sampai dengan
AS$420.000.000 yang akan jatuh tempo pada
tanggal 30 Desember 2028.
Selama 2022, MEPM dan MEPTS telah In 2022, MEPM and MEPTS has utilized the
menggunakan fasilitas tersebut sejumlah facility a total of US$154,102,212. In 2023,
AS$154.102.212. Selama 2023, MEPM dan MEPM and MEPTS made withdraw from the
MEPTS melakukan penarikan atas fasilitas facility total of US$51,125,022 and made
sebesar AS$51.125.022 dan telah melakukan repayment total of US$61,227,234.
pembayaran sebesar AS$61.227.234.
MEPM telah menggabungkan dan MEPM has blended and extended the existing
memperpanjang Interest Rate Swap ("IRS") Interest Rate Swap ("IRS") to match with the
yang ada agar sesuai dengan Senior Secured amended Senior Secured Facility Agreement.
Facility Agreement yang telah diubah.
158
PT Medco Energi Internasional Tbk 2024 Annual Report
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317
Page 322
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
Medco Energi Global Pte. Ltd. (“MEG”) Medco Energi Global Pte. Ltd. (“MEG”)
Pinjaman Sindikasi Syndicated Loans
Pada tanggal 11 Desember 2021, MEG, entitas On December 11, 2021, MEG, an indirect
anak yang secara tidak langsung dimiliki wholly owned subsidiary of the Company,
seluruhnya oleh Perusahaan, menandatangani entered into a Facility Agreement of
Facility Agreement senilai AS$450.000.000 US$450,000,000 with Australia and New
dengan Australia and New Zealand Banking Zealand Banking Group Limited, Singapore
Group Limited, Cabang Singapura, ING Bank Branch, ING Bank N.V., Singapore Branch,
N.V., Cabang Singapura, DBS Bank Ltd., DBS Bank Ltd., Morgan Stanley Senior Funding
Morgan Stanley Senior Funding Inc., MUFG Inc., MUFG Bank, Ltd., and Standard Chartered
Bank, Ltd., dan Standard Chartered Bank Bank (Singapore) Limited (together, the “MEG
(Singapore) Limited (bersama-sama disebut Syndicated Lenders”) (later amended on March
”Pemberi Pinjaman Sindikasi MEG”) (yang 28, 2022 to become a Syndicated Agreement
kemudian diubah pada tanggal 28 Maret 2022 with major changes to the syndicated parties)
menjadi Perjanjian Sindikasi dengan perubahan regarding the Group's plan to acquire
utama pada pihak-pihak sindikasi) terkait ConocoPhillips Indonesia Holding Ltd. This
rencana Grup untuk mengakuisisi facility will mature on December 19, 2023.
ConocoPhillips Indonesia Holding Ltd. Fasilitas
tersebut akan jatuh tempo pada tanggal 19
Desember 2023.
Pada tanggal 2 Maret 2022, MEG melakukan On March 2, 2022, MEG withdraw all of the
penarikan atas seluruh fasilitas. facilities.
Selama tahun 2023, MEG telah melakukan During 2023, MEG has paid scheduled
pembayaran cicilan terjadwal sebesar installment of US$169,875,000 on the
AS$169.875.000 atas Pinjaman Sindikasi. Syndication Loan.
Pada tanggal 4 Desember 2023, MEG On December 4, 2023, MEG made voluntary
melakukan pembayaran dipercepat atas prepayment for Syndicated Loan of
Pinjaman Sindikasi sebesar AS$40.050.000. US$40,050,000.
Medco E&P Grissik Ltd Medco E&P Grissik Ltd
Pada tanggal 23 Oktober 2023, Medco E&P On October 23, 2023, Medco E&P Grissik Ltd,
Grissik Ltd, entitas anak yang secara tidak an indirect wholly owned subsidiary of the
langsung dimiliki seluruhnya oleh Perusahaan, Company, signed an Amendment and
telah menandatangani Perjanjian Perubahan Restatement Agreement relating to MEG
dan Pernyataan Kembali sehubungan dengan Facility Agreement originally dated December
Perjanjian Fasilitas MEG awalnya tertanggal 11 11, 2021, with Mandated Lead Arrangers of
Desember 2021, dengan Mandated Lead US$350,000,000 which will mature on
Arrangers senilai AS$350.000.000 yang akan December 30, 2026.
jatuh tempo pada 30 Desember 2026.
Pada tanggal 4 Desember 2023, MEPG On December 4, 2023, MEPG made a withdraw
melakukan penarikan sebesar AS$44.000.000 of US$44,000,000 and made a repayment of the
dan telah melakukan pembayaran sejumlah same amount on December 29, 2023.
tersebut pada tanggal 29 Desember 2023.
Pada tanggal 23 Oktober 2024, MEPG On October 23, 2024, MEPG has withdrawn
melakukan penarikan atas fasilitas sebesar US$155,000,000 from the facility.
AS$155.000.000.
320
318 PT Medco Energi Internasional Tbk 2024 Annual Report
159
Page 323
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
PT Medco Ratch Power Riau (“MRPR”) PT Medco Ratch Power Riau (“MRPR”)
Pada tanggal 20 Maret 2019, PT Medco Ratch On March 20, 2019, PT Medco Ratch Power
Power Riau (“MRPR”) menandatangani Riau (“MRPR”) entered into a financing
perjanjian pendanaan dengan konsorsium agreement with a consortium of lenders to
pemberi pinjaman untuk menyediakan provide funding in an aggregate amount of
pendanaan dengan jumlah agregat sekitar approximately US$222 million related to the
AS$222 juta terkait dengan pengembangan development of a 275-megawatt (MW) gas-fired
fasilitas pembangkit listrik tenaga gas 275- power plant facility with a maturity date of due in
megawatt (MW) dengan waktu jatuh tempo March 2039. The consortium of lenders consists
pada Maret 2039. Konsorsium pemberi of Asian Development Bank (“ADB”),
pinjaman terdiri dari Asian Development Bank International Finance Corporation (“IFC”),
(“ADB”), International Finance Corporation MUFG Bank Ltd (“MUFG”) and Sumitomo Mitsui
(“IFC”), MUFG Bank Ltd (“MUFG”) dan Banking Corporation (“SMBC”). This facility is
Sumitomo Mitsui Banking Corporation secured by fixed assets used in the concession
(“SMBC”). Fasilitas ini dijamin dengan aset service project assets, rights to receivables from
tetap yang digunakan dalam aset proyek jasa the project and pledge of shares in the project.
konsesi, hak atas piutang atas proyek dan gadai
saham dalam proyek.
Pada tanggal 28 Juni 2023, MRPR On June 28, 2023, MRPR signed an
menandatangani perjanjian Amandemen dan Amendment and Restatement agreement to the
Pernyataan Kembali atas Perjanjian Senior Senior Secured Debt Agreement with the
Secured Debt dengan Konsorsium pemberi Consortium of lenders related to the change of
pinjaman terkait pergantian Suku Bunga Acuan the Reference Interest Rate to Daily Non-
menjadi Daily Non-Cumulative Compounded Cumulative Compounded SOFR.
SOFR.
Pada tanggal 28 Februari dan 31 Agustus 2023, On February 28 and August 31, 2023, MRPR
MRPR melakukan pembayaran cicilan terjadwal made scheduled installments to the Riau
ke Konsorsium Pemberi Pinjaman Riau masing- Lenders Consortium US$4,434,281 and
masing sebesar AS$4.434.281 dan US$3,198,860, respectively.
AS$3.198.860.
Selama tahun 2024, MRPR melakukan During 2024, MRPR has paid scheduled
pembayaran cicilan terjadwal ke konsorsium installment to the consortium of lenders
pemberi pinjaman Riau sebesar AS$9.596.579. US$9,596,579.
PT Medco Power Indonesia (“MPI”) PT Medco Power Indonesia (“MPI”)
PT Bank Woori Saudara Indonesia 1906 Tbk - PT Bank Woori Saudara Indonesia 1906 Tbk -
Fasilitas Kredit Pendanaan Umum General Funding Credit Facility
Pada tanggal 27 Mei 2019, MPI On May 27, 2019, MPI signed a credit facility
menandatangani perjanjian kredit dengan PT agreement with PT Bank Woori Saudara
Bank Woori Saudara Indonesia 1906 Tbk Indonesia 1906 Tbk (“BWS”) amounting to
(“BWS”) sebesar AS$20.000.000 dengan jangka US$20,000,000 with 2 years tenor. The loan
waktu 2 tahun. Fasilitas ini tidak dijamin dengan facility is unsecured. On May 29, 2019, MPI has
agunan khusus. Pada tanggal 29 Mei 2019, MPI fully withdrawn this credit facility. The facility will
melakukan penarikan atas seluruh fasilitas. be paid quarterly and will mature on May 29,
Fasilitas ini akan dicicil setiap tiga bulan dan 2021. The facilities have been extended several
akan jatuh tempo pada tanggal 29 Mei 2021. times to May 28, 2024.
Jatuh tempo fasilitas ini telah diperpanjang
beberapa kali hingga 28 Mei 2024.
160
PT Medco Energi Internasional Tbk 2024 Annual Report
321
319
Page 324
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Woori Saudara Indonesia 1906 Tbk - PT Bank Woori Saudara Indonesia 1906 Tbk -
Fasilitas Kredit Pendanaan Umum (lanjutan) General Funding Credit Facility (continued)
Pada 25 Agustus 2023, MPI melakukan On August 25, 2023, MPI has extend the credit
perpanjangan fasilitas kredit di PT Bank Woori facility with PT Bank Woori Saudara Indonesia
Saudara Indonesia 1906 Tbk sebesar 1906 Tbk US$11,500,000 with 9 months tenor.
AS$11.500.000 dengan jangka waktu 9 bulan.
Selama tahun 2023, MPI telah melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment AS$2,000,000 to BWS.
AS$2.000.000 kepada BWS.
Pada tanggal 25 Januari 2024, MPI melakukan On January 25, 2024, MPI has made voluntary
pelunasan dipercepat sebesar AS$11.000.000 repayment amounting to US$11,000,000 to PT
kepada PT Bank Woori Saudara Indonesia 1906 Bank Woori Saudara Indonesia 1906 Tbk.
Tbk.
Pada tanggal 30 Mei 2024, MPI melakukan On May 30, 2024, MPI signed a credit facility
penandatanganan perjanjian kredit dengan agreement with BWS US$8,000,000 with 2
BWS sebesar AS$8.000.000 dengan jangka years tenor. The loan facility is unsecured.
waktu 2 tahun. Fasilitas ini tidak dijamin dengan
agunan khusus.
Pada tanggal 17 Oktober 2024, MPI melakukan On October 17, 2024, MPI has withdrawn
penarikan sebesar AS$1.500.000 dari PT Bank US$1,500,000 from PT Bank Woori Saudara
Woori Saudara Indonesia 1906 Tbk. Indonesia 1906 Tbk.
Pada tanggal 1 November 2024, MPI On November 1, 2024, MPI has withdrawn
melakukan penarikan sebesar AS$1.000.000 US$1,000,000 from PT Bank Woori Saudara
dari PT Bank Woori Saudara Indonesia 1906 Indonesia 1906 Tbk.
Tbk.
Pada tanggal 2 Desember 2024, MPI On December 2, 2024, MPI has withdrawn
melakukan penarikan sebesar AS$750.000 dari US$750,000 from PT Bank Woori Saudara
PT Bank Woori Saudara Indonesia 1906 Tbk. Indonesia 1906 Tbk.
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Facility
Pada tanggal 25 September 2020, MPI On September 25, 2020, MPI signed credit
menandatangani perjanjian fasilitas kredit facility agreement with PT Bank BNI Syariah
dengan PT Bank BNI Syariah (“BNI Syariah”) (“BNI Syariah”) with a total facility of
dengan total fasilitas sebesar Rp400,000,000,000. The loan facility is
Rp400.000.000.000. Fasilitas ini tidak dijamin unsecured. On September 30, 2020, MPI has
dengan agunan khusus. Pada tanggal 30 withdrawn Rp250,000,000,000 and will mature
September 2020 MPI telah melakukan in September 2023. On November 27, 2020,
penarikan atas fasilitas tersebut sebesar MPI has withdrawn Rp150,000,000,000 and will
Rp250.000.000.000 dan akan jatuh tempo pada mature in November 2021. On December 23,
September 2023. Pada 27 November 2020, MPI 2020, MPI has made a scheduled installment
melakukan penarikan sebesar Rp5,000,000,000.
Rp150.000.000.000 dan akan jatuh tempo pada
November 2021. Pada tanggal 23 Desember
2020, MPI telah melakukan pembayaran cicilan
terjadwal sejumlah Rp5.000.000.000.
322
320 PT Medco Energi Internasional Tbk 2024 Annual Report
161
Page 325
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah (lanjutan) Facility (continued)
Selama tahun 2023, MPI telah melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment Rp53,100,000,000 to BSI.
Rp53.100.000.000 kepada BSI.
Selama tahun 2024, MPI telah melakukan During 2024, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment Rp155,500,000,000 to BSI.
Rp155.500.000.000 kepada BSI.
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah dan Kafalah bil Ujrah and Kafalah bil Ujrah Facility
Pada tanggal 28 Mei 2021, MPI On May 28, 2021, MPI signed Akad
menandatangani Akad Musyarakah sebesar Musyarakah US$30,000,000 and Kafalah bil
AS$30.000.000 dan Kafalah bil Ujrah sebesar Ujrah US$10,000,000 with BSI, with 3 years
AS$10.000.000 dengan BSI, dengan jangka tenor. On May 31, 2021, MPI utilized the facility
waktu 3 tahun. Pada tanggal 31 Mei 2021, MPI US$13,000,000. The loan facility is unsecured.
melakukan penarikan atas fasilitas tersebut
sebesar AS$13.000.000. Fasilitas ini tidak
dijamin dengan agunan khusus.
Selama tahun 2023, MPI melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment US$2,600,000 to BSI.
AS$2.600.000 kepada BSI.
Pada tanggal 7 Februari 2024, MPI melakukan On February 7, 2024, MPI has made voluntary
pelunasan dipercepat sebesar AS$7.200.000 repayment US$7,200,000 to PT Bank Syariah
PT Bank Syariah Indonesia Tbk. Indonesia Tbk.
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Facility
Pada tanggal 27 April 2022, MPI On April 27, 2022, MPI has entered into a Line
menandatangani perjanjian Line Facility Facility Musyarakah Credit Facility with BSI
Pembiayaan Musyarakah dengan BSI sebesar Rp750,000,000,000 with 4 years tenor from the
Rp750.000.000.000 dengan jangka waktu 4 signing date. On May 17, 2022, MPI has
tahun dari tanggal penandatanganan. Pada withdrawn Rp750,000,000,000.
tanggal 17 Mei 2022, MPI melakukan penarikan
atas fasilitas ini sebesar Rp750.000.000.000.
Pada tanggal 15 Agustus 2022, BSI melakukan On August 15, 2022, BSI transferred a loan of
pengalihan pinjaman senilai Rp336.875.000.000 Rp336,875,000,000 to PT Sarana Multi
kepada PT Sarana Multi Infrastruktur (Persero) Infrastruktur (Persero) (“SMI”) and the loan
(“SMI”) dan pinjaman tersebut menjadi pinjaman become syndicated loan.
sindikasi.
Selama tahun 2023, MPI melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal kepada BSI installment to BSI Rp60,000,000,000.
sebesar Rp60.000.000.000.
Selama tahun 2024, MPI telah melakukan During 2024, MPI has paid scheduled
pembayaran cicilan terjadwal dan percepatan installment and early full repayment to BSI
pelunasan pembayaran atas hutang BSI amounting to Rp295,000,000,000.
sebesar Rp295.000.000.000.
162
PT Medco Energi Internasional Tbk 2024 Annual Report
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321
Page 326
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Negara Indonesia (Persero) Tbk - PT Bank Negara Indonesia (Persero) Tbk -
Fasilitas Term Loan Term Loan Facility
Pada tanggal 28 Juni 2021, MPI On June 28, 2021, MPI signed Term Loan
menandatangani Perjanjian Fasilitas Term Loan Credit Facility agreement Rp399,000,000,000
sebesar Rp399.000.000.000 dengan PT Bank with PT Bank Negara Indonesia (Persero) Tbk
Negara Indonesia (Persero) Tbk (“BNI”). (“BNI”). This facility is unsecured.
Fasilitas ini tidak dijamin dengan agunan
khusus.
Pada 29 Maret 2022, MPI mengajukan On March 29, 2022, MPI proposed an extension
perpanjangan availability period atas fasilitas of the availability period for the Term Loan
Term Loan di BNI. Pada 19 April 2022, BNI facility at BNI. On April 19, 2022, BNI gave
memberikan persetujuan atas permohonan approval for the application. On April 22, 2022,
tersebut. Pada 22 April 2022, MPI melakukan MPI has withdrawn the facility
penarikan fasilitas tersebut sebesar Rp200,000,000,000.
Rp200.000.000.000.
Pada tanggal 4 Maret 2024, MPI melakukan On March 4, 2024, MPI has made voluntary
pelunasan dipercepat sebesar repayment Rp399,000,000,000 to PT Bank
Rp399.000.000.000 kepada PT Bank Negara Negara Indonesia (Persero) Tbk.
Indonesia (Persero) Tbk.
PT Bank Tabungan Negara (Persero) Tbk – PT Bank Tabungan Negara (Persero) Tbk –
Fasilitas Corporate Line Corporate Line Facility
Pada tanggal 22 November 2022, MPI telah On November 22, 2022, MPI has signed
menandatangani perjanjian Corporate Line Corporate Line Facility agreement with PT Bank
Facility dengan PT Bank Tabungan Negara Tabungan Negara (Persero) Tbk (“BTN”) which
(Persero) Tbk (“BTN”) yang terdiri dari Non- consist of Non-Cash Loan Rp350,000,000,000
Cash Loan sebesar Rp350.000.000.000 dengan with one year tenor since signing date and Cash
jangka waktu satu tahun sejak tanggal Loan Rp150,000,000,000 with 5 year tenor
penandatanganan dan Cash Loan sebesar since signing date.
Rp150.000.000.000 dengan jangka waktu 5
tahun sejak tanggal penandatanganan.
Pada tanggal 8 Februari 2023, MPI melakukan On February 8, 2023, MPI has withdrawn it's
penarikan pinjaman dari BTN sebesar facility Rp150,000,000,000 from BTN.
Rp150.000.000.000.
Pada tanggal 21 Desember 2023, MPI On December 21, 2023, MPI signed additional
menandatangani tambahan fasilitas Non-Cash non-cash loan facility Rp500,000,000,000 and
Loan menjadi Rp500.000.000.000 dan maturity date extention to November 22, 2025.
perpanjangan jangka waktu fasilitas hingga 22
November 2025.
Selama tahun 2024, MPI telah melakukan During 2024, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment Rp6,000,000,000 to BTN.
Rp6.000.000.000 kepada BTN.
324
322 PT Medco Energi Internasional Tbk 2024 Annual Report
163
Page 327
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Mandiri Tbk PT Bank Mandiri Tbk
Pada tanggal 26 April 2023, MPI telah On April 26, 2023, MPI has signed Term Loan
menandatangani perjanjian Fasilitas Term Loan Facility agreement with PT Bank Mandiri Tbk
dengan PT Bank Mandiri Tbk ("BMRI") sebesar ("BMRI") Rp750,000,000,000 with 36 months
Rp750.000.000.000 dengan jangka waktu 36 tenor since signing date or until December 31,
bulan dari tanggal penandatanganan fasilitas 2025, whichever occurs earlier.
atau tanggal 31 Desember 2025, mana yang
lebih dahulu terjadi.
Selama tahun 2023, MPI melakukan penarikan During 2023, MPI has withdrawn
pinjaman dari BMRI sebesar Rp550,000,000,000 from BMRI.
Rp550.000.000.000.
Pada tanggal 16 Agustus 2023, MPI melakukan On August 16, 2023, MPI has withdrawn
penarikan pinjaman sebesar Rp150,000,000,000 from BMRI.
Rp150.000.000.000 dari BMRI.
Selama tahun 2023, MPI telah melakukan During 2023, MPI has paid scheduled and
pembayaran cicilan terjadwal dan sukarela voluntary repayment Rp360,000,000,000 to
sebesar Rp360.000.000.000 kepada BMRI. BMRI.
Pada tanggal 26 Januari 2024, MPI melakukan On January 26, 2024, MPI has made voluntary
pelunasan dipercepat sebesar repayment Rp190,000,000,000 to BMRI.
Rp190.000.000.000 kepada BMRI.
PT Bank Maybank Indonesia Tbk PT Bank Maybank Indonesia Tbk
Pada tanggal 16 Mei 2024, MPI melakukan On May 16, 2024, MPI signed a credit facility
penandatanganan perjanjian kredit dengan PT agreement with PT Bank Maybank Indonesia
Bank Maybank Indonesia Tbk ("Maybank") Tbk ("Maybank") Rp780,000,000,000 with
sebesar Rp780.000.000.000 dengan rincian: details:
– Tranche A dan B dengan total plafon – Tranche A and B with total maximum
maksimal Rp700.000.000.000 dengan credit Rp700,000,000,000 with 60
jangka waktu 60 bulan sejak tanggal months tenor since signing date.
penandatanganan.
– Pinjaman Promes Berulang sampai – Revolving Promissory Loan with
maksimal Rp80.000.000.000 dengan maximum credit Rp80,000,000,000
jangka waktu sampai 13 Mei 2025. with tenor until May 13, 2025.
Fasilitas ini tidak dijamin dengan agunan This facility is unsecured loan.
khusus.
Pada 21 Mei dan 24 Juni 2024, MPI melakukan On May 21 and June 24, 2024, MPI has
penarikan pinjaman masing-masing sebesar withdrawn Rp167,769,000,000 and
Rp167.769.000.000 dan Rp80.000.000.000 dari Rp80,000,000,000, respectively, from Maybank.
Maybank.
Pada tanggal 24 Juli 2024, PT Medco Power On July 24, 2024, PT Medco Power Indonesia
Indonesia melakukan pelunasan pinjaman has settled revolving loan Rp80,000,000,000 to
promes berulang sebesar Rp80.000.000.000 Maybank.
dari Maybank.
164
PT Medco Energi Internasional Tbk 2024 Annual Report
325
323
Page 328
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) (lanjutan) PT Medco Power Indonesia (“MPI”) (continued)
PT Bank Maybank Indonesia Tbk (lanjutan) PT Bank Maybank Indonesia Tbk (continued)
Pada tanggal 18 dan 24 September 2024, PT On September 18 and 24, 2024, PT Medco
Medco Power Indonesia melakukan penarikan Power Indonesia has withdrawn revolving
pinjaman promes berulang dengan total promissory loan Rp80,000,000,000 to Maybank.
Rp80.000.000.000 dari Maybank.
Pada 1 dan 11 Oktober 2024, MPI melakukan On October 1 and 11, 2024, MPI has withdrawn
penarikan pinjaman sebesar Rp496,875,000,000 and Rp35,356,000,000
Rp496.875.000.000 dan Rp35.356.000.000 dari from Maybank.
Maybank.
Selama tahun 2024, MPI telah melakukan During 2024, MPI has paid scheduled
pembayaran cicilan terjadwal sebesar installment Rp4,194,225,000 to Maybank.
Rp4.194.225.000 kepada Maybank.
PT Bank KEB Hana Indonesia ("Bank Hana") PT Bank KEB Hana Indonesia ("Bank Hana")
Pada 19 Juni 2024, MPI melakukan On June 19, 2024, MPI signed a credit facility
penandatangan perjanjian kredit dengan PT agreement with PT Bank KEB Hana Indonesia
Bank KEB Hana Indonesia sebesar Rp150,000,000,000. This facility is unsecured.
Rp150.000.000.000. Fasilitas ini tidak dijamin
dengan agunan khusus.
Pada 26 Juni 2024, MPI melakukan penarikan On June 26, 2024, MPI has withdrawn
pinjaman sebesar Rp150.000.000.000 dari Rp150,000,000,000 from Bank Hana.
Bank Hana.
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Syariah
Pembiayaan Berdasarkan Prinsip Syariah Facility
Pada 18 Desember 2024, MPI melakukan On December 18, 2024, MPI signed syariah
penandatangan perjanjian berdasarkan prinsip facility agreement with PT Bank Syariah
syariah dengan PT Bank Syariah Indonesia Tbk Indonesia Tbk ("BSI") Rp750,000,000,000. This
("BSI") sebesar Rp750.000.000.000. Fasilitas ini facility is unsecured.
tidak dijamin dengan agunan khusus.
Pada 23 Desember 2024, MPI melakukan On December 23, 2024, MPI has withdrawn
penarikan pinjaman sebesar Rp180,081,000,000 from BSI.
Rp180.081.000.000 dari BSI.
326
324 PT Medco Energi Internasional Tbk 2024 Annual Report
165
Page 329
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Energi Listrik Batam (“ELB”) PT Energi Listrik Batam (“ELB”)
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Mutanaqish, Musyarakah, dan Mutanaqishah, Musyarakah, and Kafalah bil
Kafalah bil Ujrah Ujrah Facility
Pada Desember 2016, PT Energi Listrik Batam In December 2016, PT Energi Listrik Batam
(“ELB”) menandatangani Perjanjian Fasilitas (“ELB”) signed a Musyarakah Mutanaqishah,
Musyarakah Mutanaqishah, Musyarakah, dan Musyarakah, and Kafalah bil Ujrah Facility with
Kafalah bil Ujrah dengan PT Bank Syariah PT Bank Syariah Mandiri US$51,000,000 with a
Mandiri sebesar AS$51.000.000 dengan tenor ten year tenor. This facility is secured by fixed
sepuluh tahun. Fasilitas ini dijamin dengan aset assets used in leasing, rights over receivables,
tetap yang digunakan dalam sewa guna usaha, ELB shares owned by PT Universal Batam
hak atas piutang, saham ELB yang dimiliki oleh Energy and PT Universal Gas Energy and
PT Universal Batam Energy dan PT Universal guarantee letter from MPI.
Gas Energy dan surat jaminan dari MPI.
Berdasarkan perjanjian pinjaman, ELB Based on the loan agreement, ELB is required
diharuskan untuk memelihara beberapa to maintain several restricted bank accounts at
rekening bank yang dibatasi penggunaannya di BSI with a minimum balance as specified in the
BSI dengan saldo minimum sebagaimana loan agreement.
ditentukan dalam perjanjian pinjaman.
Selama tahun 2023, ELB telah melakukan During 2023, ELB has paid scheduled
pembayaran cicilan terjadwal ke BSI sebesar installments to BSI US$3,643,090.
AS$3.643.090.
Pada tanggal 16 Oktober 2023, ELB telah On October 16, 2023, ELB signed project
menandatangani Perjanjian Pembiayaan Proyek financing agreement with PT Bank Syariah
dengan PT Bank Syariah Indonesia Tbk dengan Indonesia Tbk US$86,900,000. This financing
fasilitas pinjaman tunai sebesar AS$86.900.000. aims to refinance Simple Cycle Gas Power
Pembiayaan ini bertujuan untuk refinancing Plant 2x35 MW and to finance Combine Cycle
pembangkit listrik berupa PLTG Simple Cycle Gas Power Plant 39 MW located in Tanjung
Power Plant 2x25 MW dan Combine Cycle Uncang, Batam.
Power Plant 39 MW berlokasi di Tanjung
Uncang, Batam.
Pada tanggal 17 Oktober 2023, ELB melakukan On October 17, 2023, ELB made a withdrawal
penarikan sebesar AS$18.194.796 dan pada US$18,194,796 from PT Bank Syariah
tanggal 19 Oktober 2023 ELB melakukan Indonesia Tbk and on October 19, 2023 ELB
pelunasan atas seluruh pokok fasilitas has settled the Musyarakah Mustanaqisah
pembiayaan Musyarakah Mustanaqisah dari PT financing US$18,194,796.
Bank Syariah Indonesia Tbk sebesar
AS$18.194.796.
Pada 12 Desember 2023, ELB melakukan On December 12, 2023, ELB has withdrawn
penarikan pinjaman sebesar AS$2.000.000 dari US$2,000,000 from PT Bank Syariah Indonesia
PT Bank Syariah Indonesia Tbk. Tbk.
166
PT Medco Energi Internasional Tbk 2024 Annual Report
327
325
Page 330
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Energi Listrik Batam (“ELB”) (lanjutan) PT Energi Listrik Batam (“ELB”) (continued)
PT Bank Syariah Indonesia Tbk - Fasilitas PT Bank Syariah Indonesia Tbk - Musyarakah
Musyarakah Mutanaqish, Musyarakah, dan Mutanaqishah, Musyarakah, and Kafalah bil
Kafalah bil Ujrah (lanjutan) Ujrah Facility (continued)
Pada 23 Agustus dan 3 September 2024, ELB On August 23 and September 3, 2024, ELB has
melakukan penarikan pinjaman sebesar withdrawn US$1,000,000 and US$3,000,000
AS$1.000.000 dan AS$3.000.000 dari PT Bank from PT Bank Syariah Indonesia Tbk,
Syariah Indonesia Tbk. respectively.
Selama tahun 2024, ELB melakukan During 2024, ELB has paid scheduled and
pembayaran cicilan terjadwal dan tidak unscheduled installment US$5,670,593 to PT
terjadwal sebesar AS$5.670.593 kepada PT Bank Syariah Indonesia Tbk.
Bank Syariah Indonesia Tbk.
PT Medco Cahaya Geothermal ("MCG") PT Medco Cahaya Geothermal ("MCG")
Sepanjang tahun 2023, MCG melakukan During 2023, MCG issued Surat Kredit
penerbitan Surat Kredit Berdokumen Dalam Berdokumen Dalam Negeri Usance Payable at
Negeri Usance Payable at Sight ("SKBDN Sight ("SKBDN UPAS") and Letter of Credit
UPAS") dan Letter of Credit Usance Payable at Usance Payable at Sight ("LC UPAS") to
Sight ("LC UPAS") kepada berbagai vendor various vendors, totaling to Rp45,600,030,000
sejumlah Rp45.600.030.000 dan dan US$42,527,453 for Ijen Geothermal project.
AS$42.527.453 untuk keperluan proyek PLTP This issuance utilized the MPI's Working Capital
Ijen. Penerbitan ini menggunakan fasilitas Kredit Credit ("WCC") from BNI.
Modal Kerja ("KMK") MPI dari BNI.
Sepanjang tahun 2023, MCG melakukan During 2023, MCG issued SKBDN UPAS and
penerbitan SKBDN UPAS dan LC UPAS kepada LC UPAS to various vendors, totaling to
berbagai macam vendor sejumlah Rp158,240,793,366 dan US$13,039,227 for Ijen
Rp158.240.793.366 dan AS$13.039.227 untuk Geothermal project. This issuance utilized the
keperluan proyek PLTP Ijen. Penerbitan ini MPI's Non-Cash Loan Facility from Bank
menggunakan Fasilitas Kredit Non-Tunai MPI Mandiri.
dari Bank Mandiri.
Sepanjang tahun 2023, MCG melakukan During 2023, MCG issued SKBDN UPAS and
penerbitan SKBDN UPAS dan LC UPAS kepada LC UPAS to various vendors, totaling to
berbagai macam vendor sejumlah Rp229,524,521,773 dan US$7,794,095 for Ijen
Rp229.524.521.773 dan AS$7.794.095 untuk Geothermal project. This issuance utilized the
keperluan proyek PLTP Ijen. Penerbitan ini MPI's Non-Cash Loan Facility from BTN.
menggunakan fasilitas Kredit Non-Tunai MPI
dari BTN.
Sepanjang tahun 2023, MCG mengonfirmasi During 2023, MCG confirmed the document
akseptasi realisasi dokumen SKBDN UPAS dan acceptance of SKBDN UPAS and LC UPAS
LC UPAS kepada berbagai vendor untuk Vendors for its payment Rp348,494,038,771
pembayaran senilai Rp348.494.038.771 dan and US$39,587,672.
AS$39.587.672.
328
326 PT Medco Energi Internasional Tbk 2024 Annual Report
167
Page 331
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
a. Pinjaman bank (lanjutan) a. Bank loans (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Cahaya Geothermal (lanjutan) PT Medco Cahaya Geothermal (continued)
Sepanjang tahun 2024, MCG melakukan During 2024, MCG issued SKBDN UPAS and
penerbitan SKBDN UPAS dan LC UPAS kepada LC UPAS to various vendors
berbagai macam vendor sejumlah Rp470,076,245,801 and US$10,702,340 for
Rp470.076.245.801 dan AS$10.702.340 untuk Ijen Geothermal project. This issuance utilized
keperluan proyek PLTP Ijen. Penerbitan ini MPI's WCC facility from BNI, MPI's Non-Cash
menggunakan fasilitas KMK MPI di BNI, Kredit Loan Facility from BMRI, and MPI's Non-Cash
Non-Tunai MPI dari BMRI, dan Kredit Non-Tunai Loan Facility from BTN.
Perusahaan dari BTN.
Saldo nilai akseptasi realisasi dokumen The balance of acceptance value minus the
dikurangi pelunasan kepada bank per 31 repayment to the bank as of December 31,
Desember 2024 atas SKBDN UPAS dan LC 2024 of the issued SKBDN UPAS and LC UPAS
UPAS yang telah diterbitkan MCG disajikan documents by MCG is presented as a short-
sebagai pinjaman jangka pendek. term loan.
PT Medcosolar Bali Timur ("MSBT") PT Medcosolar Bali Timur ("MSBT")
Pada 20 Maret 2024, PT Medcosolar Bali Timur On March 20, 2024, PT Medcosolar Bali Timur
menandatangani Perjanjian Pembiayaan Proyek signed a Project Financing Agreement
sebesar AS$13.263.000 dan Rp50.218.000.000 US$13,263,000 and Rp50,218,000,000 with PT
dengan PT Bank Negara Indonesia (Persero) Bank Negara Indonesia (Persero) Tbk, with a
Tbk, dengan jangka waktu 15 tahun. term of 15 years. This financing aims to build
Pembiayaan ini bertujuan untuk pembangunan the East Bali PLTS with a capacity of 25 MWp in
PLTS Bali Timur kapasitas 25 MWp di Karangasem Regency, Bali. This facility is
Kabupaten Karangasem, Bali. Fasilitas ini guaranteed by project assets, rights to
dijamin dengan aset proyek, hak atas piutang, receivables, and a pledge of shares in the
dan gadai saham dalam proyek. project.
Selama tahun 2024, MSBT melakukan During 2024, MSBT has withdrawn
penarikan pinjaman sebesar AS$3.922.168 dan US$3,922,168 and Rp10,886,914,801 from PT
Rp10.886.914.801 dari PT Bank Negara Bank Negara Indonesia (Persero) Tbk.
Indonesia (Persero) Tbk.
168
PT Medco Energi Internasional Tbk 2024 Annual Report
329
327
Page 332
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
28. PINJAMAN BANK (lanjutan) 28. BANK LOANS (continued)
b. Fasilitas yang belum terpakai b. Unused Bank Facilities
Pada tanggal 31 Desember 2024, Grup memiliki As of December 31, 2024, the Group has the
fasilitas kredit bank dan fasilitas umum bank following unused bank credit facilities and
yang belum terpakai sebagai berikut: General Banking Facility:
Fasilitas yang Tidak Dipakai Pada
Jumlah Fasilitas Maksimum/ Tanggal 31 Desember 2024/
Bank Fasilitas/Facility
Maximum Facility Amount Unused Portion of the Facility as of
December 31, 2024
Fasilitas Umum Bank/General Banking Facility
Standard Chartered Fasilitas Perbankan/ AS$125.000.000/ AS$68.177.327/
Bank, Jakarta Banking Facility US$125,000,000 US$68,177,327
PT Bank Mandiri (Persero) Fasilitas Non-Cash Loan & AS$190.217.795/ AS$130.505.231/
Tbk revolving loan/ US$190,217,795 US$130,505,231
Non-Cash Loan Facility &
Revolving loan
PT Bank DBS Indonesia Fasilitas Perbankan/ AS$194.165.326/ AS$121.773.295/
Banking Facility US$194,165,326 US$121,773,295
The Hongkong and Fasilitas Perbankan AS$60.000.000/ AS$59.926.251/
Shanghai Banking Korporasi (Letter of Credit, US$60,000,000 US$59,926,251
Corporation Ltd Guarantee and Revolving
Loan)/
Corporate Facility Agreement
(Letter of Credit, Guarantee
and Revolving Loan)
PT Bank QNB Indonesia Fasilitas Perbankan/ AS$18.000.000/ AS$18.000.000/
(Persero) Tbk Banking Facility US$18,000,000 US$18,000,000
PT Bank Maybank Indonesia Fasilitas Kredit/ AS$34.949.882/ AS$32.474.941/
Tbk Credit Facility US$34,949,882 AS$32,474,941
PT Bank Syariah Indonesia Fasilitas Non-Cash Loan dan AS$56.405.148/ AS$37.485.504/
Tbk - ELB Pembiayaan Syariah/ US$56,405,148 US$37,485,504
Non-Cash Loan and Sharia
PT Bank Negara Indonesia Fasilitas Perbankan/ AS$82.500.000/ AS$54.047.783/
Tbk Banking Facility US$82,500,000 US$54,047,783
PT Bank Tabungan Negara Fasilitas Non-Cash Loan/ AS$52.592.501/ AS$21.372.609/
Tbk Non-Cash Loan Facility US$52,592,501 US$21,372,609
PT Bank Woori Saudara Fasilitas Kredit/ AS$8.000.000/ AS$4.750.000/
Indonesia 1906 Tbk Credit Facility US$8,000,000 US$4,750,000
Pemberi Pinjaman PT Sarana Fasilitas Pembiayaan Proyek/ AS$70.000.000/ AS$9.820/
Multi Infrastruktur - MCG/ Project Financing Facility US$70,000,000 US$9,820
PT Sarana Multi Infrastruktur
Loan Lender - MCG
Pemberi Pinjaman Sindikasi Perjanjian Sindikasi/ AS$307.000.000/ AS$163.000.000/
MEPM dan MEPTS/ Syndication Agreement US$307,000,000 US$163,000,000
MEPM and MEPTS
Syndication Loan Lender
PT Bank Syariah Indonesia Fasilitas Pembiayaan Proyek & AS$86.900.000/ AS$45.209.181/
Tbk - ELB Non-Cash Financing/ US$86,900,000 US$45,209,181
Project Financing Facility & Non-
Cash Financing
PT Bank Negara Indonesia Fasilitas Pembiayaan Proyek/ AS$16.370.165/ AS$10.232.736/
(Persero) Tbk - MSBT Project Financing Facility US$ 16,370,165 US$ 10,232,736
330
328 PT Medco Energi Internasional Tbk 2024 Annual Report
169
Page 333
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA 29. OTHER LONG-TERM DEBTS
2024 2023
Obligasi Rupiah Rupiah Bonds
Obligasi berkelanjutan Rupiah Shelf Registered
Rupiah II: Bonds II:
Tahap IV – 454.074 Phase IV
Obligasi Berkelanjutan Rupiah Shelf Registered
Rupiah III: Bonds III:
Tahap III 29.470.363 30.896.471 Phase III
Obligasi Berkelanjutan Rupiah Shelf Registered
Rupiah IV: Bonds IV:
Tahap I 37.124.118 64.867.670 Phase I
Tahap II 3.600.730 64.867.670 Phase II
Tahap III 185.620.592 194.603.010 Phase III
Obligasi Berkelanjutan Rupiah Shelf Registered
Rupiah V: Bonds V:
Tahap I 61.873.531 64.867.669 Phase I
Tahap II 92.810.296 – Phase II
Obligasi Rupiah I 15.963.371 16.735.859 Rupiah Shelf Registered I
Sukuk Wakalah Rupiah I 2.660.562 2.789.310 Rupiah Sukuk Wakalah I
Sukuk Wakalah Rupiah II 637.297 1.122.211 Rupiah Sukuk Wakalah II
Sukuk Wakalah Rupiah Berkelanjutan I: Rupiah Shelf Registered Sukuk Wakalah I:
Tahap I 30.936.766 32.433.835 Phase I
Tahap II 37.124.119 38.920.602 Phase II
Tahap III 46.405.148 – Phase III
Jumlah 544.226.893 512.558.381 Total
Dikurangi diskonto yang belum diamortisasi (1.970.703) (2.430.957) Less unamortized discount
Neto 542.256.190 510.127.424 Net
Dikurangi bagian jangka pendek (211.478.310) (87.853.017) Less current portion
Bagian jangka panjang 330.777.880 422.274.407 Long-term portion
Obligasi Dolar AS* US Dollar Bonds*
Tanggal terbit pada 30 Januari 2018 – 33.297.000 Issue date on January 30, 2018
Tanggal terbit pada 14 Mei 2019 242.319.000 473.758.000 Issue date on May 14, 2019
Tanggal terbit pada 30 Januari 2020 433.913.000 508.397.000 Issue date on January 30, 2020
Tanggal terbit pada 12 November 2021 299.417.000 299.417.000 Issue date on November 12, 2021
Tanggal terbit pada 27 Oktober 2023 500.000.000 500.000.000 Issue date on October 27, 2023
Jumlah 1.475.649.000 1.814.869.000 Total
Dikurangi diskonto yang belum diamortisasi (33.451.439) (49.796.703) Less unamortized discount
Neto 1.442.197.561 1.765.072.297 Net
Dikurangi bagian jangka pendek – – Less current portion
Bagian jangka panjang 1.442.197.561 1.765.072.297 Long-term portion
Pinjaman dari instansi Loans from non-bank
keuangan non-bank financial institutions
PT Sarana Multi Infrastruktur 69.990.180 24.602.351 PT Sarana Multi Infrastruktur
PT Mandiri Tunas Finance 14.871 48.129 PT Mandiri Tunas Finance
Jumlah 70.005.051 24.650.480 Total
Dikurangi bagian jangka pendek (14.871) (3.438.090) Less current portion
Bagian jangka panjang 69.990.180 21.212.390 Long-term portion
*) Jumlah pokok yang beredar termasuk Obligasi yang telah dibeli *) The principal amount outstanding include Bonds that have been
kembali. repurchased.
170
PT Medco Energi Internasional Tbk 2024 Annual Report
331
329
Page 334
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Informasi lain mengenai utang jangka panjang Further information relating to other long-term debts
lainnya adalah sebagai berikut: are as follows:
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Desember 2019/ 10,80% Terutang Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp246.000.000.000 Indonesia Indonesia December 2019 setiap kuartal/ dengan agunan khusus/
II Tahap III dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange Telah dilunasi pada 10.80% Payable These bonds are
tanggal terbit 21 transaksi swap (2023) Desember 2019/ quarterly unsecured.
Desember 2016/ menjadi Has been fully
Rupiah Shelf AS$18.512.944/ repaid in
Registered Bonds II Tranche A December 2019
Phase III with issue Rp246,000,000,000
date on December and
21, 2016 swapped into
US$18,512,944
Seri B Desember 2021/ 11,30% Terutang
Rp5.000.000.000/ December 2021 setiap kuartal/
Tranche B Telah dilunasi pada 11.30% Payable
Rp5,000,000,000 Desember 2021/ quarterly
Has been fully
repaid in
December 2021
Seri C Desember 2023/ 11,80% Terutang
Rp23.000.000.000/ December 2023 setiap kuartal/
Tranche C Telah dilunasi pada 11.80% Payable
Rp23,000,000,000 Desember 2023/ quarterly
Has been fully
repaid in
December 2023
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Maret 2020/ 10,80% Terutang Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp380.000.000.000 Indonesia Indonesia March 2020 setiap kuartal/ dengan agunan khusus/
II Tahap IV dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange Telah dilunasi pada 10.80% Payable These bonds are
tanggal terbit 30 transaksi swap (2023) Maret 2020/ quarterly unsecured.
Maret 2017/ menjadi Has been fully
Rupiah Shelf AS$28.539.241/ repaid in
Registered Bonds II Tranche A March 2020
Phase IV with issue Rp380,000,000,000
date on March 30, and
2017 swapped into
US$28,539,241
Seri B Maret 2022/ 11,30% Terutang
Rp1.000.000.000/ March 2022 setiap kuartal/
Tranche B Telah dilunasi pada 11.30% Payable
Rp1,000,000,000 Maret 2022/ quarterly
Has been fully repaid
in
March 2022
Seri C Maret 2024/ 11,80% Terutang
Rp7.000.000.000/ March 2024 setiap kuartal/
Tranche C Telah dilunasi pada 11.80% Payable
Rp7,000,000,000 Maret 2024/ quarterly
Has been fully repaid
in
March 2024
332
330 PT Medco Energi Internasional Tbk 2024 Annual Report
171
Page 335
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company (lanjutan/continued)
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Maret 2021/ 8,75% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp282.500.000.000 Indonesia Indonesia March 2021 kuartal/ dengan agunan khusus/
III Tahap I dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange 8.75% Payable These bonds are
tanggal terbit 29 transaksi swap (2022) Telah dilunasi pada quarterly unsecured.
Maret 2018/ menjadi Maret 2021/
Rupiah Shelf AS$20.537.986/ Has been fully
Registered Bonds III Tranche A repaid in March 2021
Phase I with issue Rp282,500,000,000
date on March 29, and swapped into
2018 US$20,537,986
Seri B Maret 2023/ 9,15% Terutang setiap
Rp217.500.000.000 March 2023 kuartal/
dilanjutkan dengan Telah dilunasi pada 9.15% Payable
transaksi swap Maret 2023/ quarterly
menjadi Has been fully
AS$15.812.432/ repaid in March 2023
Tranche B
Rp217,500,000,000
and swapped into
US$15,812,432
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ September 2021/ 10,0% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp1.155.150.000.000 Indonesia Indonesia September 2021 kuartal/ dengan agunan khusus/
III Tahap II dengan dilanjutkan dengan (PEFINDO) : AA- Stock Exchange 10.0% Payable These bonds are
tanggal terbit 28 transaksi swap (2023) Telah dilunasi pada quarterly unsecured.
September 2018/ menjadi November 2020/
Rupiah Shelf AS$77.329.629/ Has been fully
Registered Bonds III Tranche A repaid in November
Phase II with issue Rp1,155,150,000,000 2020
date on September and swapped into
28, 2018 US$77,329,629
Seri B September 2023/ 10,75% Terutang
Rp47.500.000.000 September 2023 setiap kuartal/
dilanjutkan dengan 10.75% Payable
transaksi swap Telah dilunasi pada quarterly
menjadi September 2023/
AS$3.179.810/ Has been fully
Tranche B repaid in September
Rp47,500,000,000 2023
and swapped into
US$3,179,810
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Februari 2023/ 8,90% Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp1.023.700.000.000 Indonesia Indonesia February 2023 Terutang setiap dengan agunan khusus/
III Tahap III dengan dilanjutkan dengan (PEFINDO) : AA- Stock kuartal/ These bonds are
tanggal terbit 20 transaksi swap (2024) Exchange Telah dilunasi pada 8.90% unsecured.
Februari 2020/ menjadi Februari 2023/ Payable
Rupiah Shelf AS$74.695.367/ Has been fully quarterly
Registered Bonds III Tranche A repaid in February
Phase III with issue Rp1,023,700,000,000 2023
date on February 20, and swapped into
2020 US$74,695,367
Seri B Februari 2025/ 9,30% Terutang setiap
Rp476.300.000.000 February 2025 kuartal/
dilanjutkan dengan 9.30% Payable
transaksi swap quarterly
menjadi
AS$34.753.740/
Tranche B
Rp476,300,000,000
and swapped into
US$34,753,740
172
PT Medco Energi Internasional Tbk 2024 Annual Report
333
331
Page 336
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company (lanjutan/continued)
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ September 2024/ 7,75% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp400.000.000.000 Indonesia Indonesia September 2024 kuartal/ dengan agunan khusus/
IV Tahap I dengan dilanjutkan dengan (PEFINDO) : AA- Stock Telah dilunasi pada 7.75% Payable These bonds are
tanggal terbit 9 transaksi swap (2024) Exchange September 2024/ quarterly unsecured.
September 2021/ menjadi Has been fully
Rupiah Shelf AS$28.070.175/ repaid in September
Registered Bonds IV Tranche A 2024
Phase I with issue Rp400,000,000,000
date on September 9, and swapped into
2021 US$28,070,175
Seri B September 2026/ 8,50% Terutang setiap
Rp600.000.000.000 September 2026 kuartal/
dilanjutkan dengan 8.50% Payable
transaksi swap quarterly
menjadi
AS$42.072.057/
Tranche B
Rp600,000,000,000
and swapped into
US$42,072,057
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ November 2024/ 7,75% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp941.805.000.000 Indonesia Indonesia November 2024 kuartal/ dengan agunan khusus/
IV Tahap II dengan dilanjutkan dengan (PEFINDO) : AA- Stock Telah dilunasi pada 7.75% Payable These bonds are
tanggal terbit 23 transaksi swap (2024) Exchange November 2024/ quarterly unsecured.
November 2021/ menjadi Has been fully
Rupiah Shelf AS$66.161.231/ repaid in November
Registered Bonds IV Tranche A 2024
Phase II with issue Rp941,805,000,000
date on November and swapped into
23, 2021 US$66,161,231
Seri B November 2026/ 8,50% Terutang setiap
Rp58.195.000.000 November 2026 kuartal/
dilanjutkan dengan 8.50% Payable
transaksi swap quarterly
menjadi
AS$4.089.599/
Tranche B
Rp58,195,000,000
and swapped into
US$4,089,599
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Juli 2025/ 7,00% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp1.892.315.000.000 Indonesia Indonesia July 2025 kuartal/ dengan agunan khusus/
IV Tahap III dengan dilanjutkan dengan (PEFINDO) : AA- Stock 7.00% Payable These bonds are
tanggal terbit 26 Juli transaksi swap (2024) Exchange quarterly unsecured.
2022/ menjadi
Rupiah Shelf AS$126.407.148/
Registered Bonds IV Tranche A
Phase III with issue Rp1,892,315,000,000
date on July 26, 2022 and swapped into
US$126,407,148
Seri B Juli 2027/ 8,10% Terutang setiap
Rp521.415.000.000 July 2027 kuartal/
dilanjutkan dengan 8.10% Payable
transaksi swap quarterly
menjadi
AS$34.737.841/
Tranche B
Rp521,415,000,000
and swapped into
US$34,737,841
Seri C Juli 2029/ 9,00% Terutang setiap
Rp586.270.000.000 July 2029 kuartal/
dilanjutkan dengan 9.00% Payable
transaksi swap quarterly
menjadi
AS$39.058.628/
Tranche C
Rp586,270,000,000
and swapped into
US$39,058,628
334
332 PT Medco Energi Internasional Tbk 2024 Annual Report
173
Page 337
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Perusahaan/The Company (lanjutan/continued)
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Juli 2026/ 6,95% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp150.000.000.000 Indonesia Indonesia July 2026 kuartal/ dengan agunan khusus/
V Tahap I dengan dilanjutkan dengan (PEFINDO) : AA- Stock 6.95% Payable These bonds are
tanggal terbit 7 Juli transaksi swap (2024) Exchange quarterly unsecured.
2023/ menjadi
Rupiah Shelf AS$10.000.000/
Registered Bonds V Tranche A
Phase I with issue Rp150,000,000,000
date on July 7, 2023 and swapped into
US$10,000,000
Seri B Juli 2028/ 7,30% Terutang setiap
Rp260.000.000.000 July 2028 kuartal/
dilanjutkan dengan 7.30% Payable
transaksi swap quarterly
menjadi
AS$17.333.333/
Tranche B
Rp260,000,000,000
and swapped into
US$17,333,333
Seri C Juli 2030/ 8,15% Terutang setiap
Rp590.000.000.000 July 2030 kuartal/
dilanjutkan dengan 8.15% Payable
transaksi swap quarterly
menjadi
AS$39.333.333/
Tranche C
Rp590,000,000,000
and swapped into
US$39,333,333
Obligasi Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Februari 2027/ 7,35% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp208.855.000.000 Indonesia Indonesia February 2027 kuartal/ dengan agunan khusus/
V Tahap II dengan dilanjutkan dengan (PEFINDO) : AA- Stock 7.35% Payable These bonds are
tanggal terbit 13 transaksi swap (2024) Exchange quarterly unsecured.
Februari 2024/ menjadi
Rupiah Shelf AS$13.388.141/
Registered Bonds V Tranche A
Phase II with issue Rp208,855,000,000
date on February 13, and swapped into
2024 US$13,388,141
Seri B Februari 2029/ 7,90% Terutang setiap
Rp427.955.000.000 February 2029 kuartal/
dilanjutkan dengan 7.90% Payable
transaksi swap quarterly
menjadi
AS$27.454.131/
Tranche B
Rp427,955,000,000
and swapped into
US$27,454,131
Seri C Februari 2031/ 8,50% Terutang setiap
Rp863.190.000.000 February 2031 kuartal/
dilanjutkan dengan 8.50% Payable
transaksi swap quarterly
menjadi
AS$55.704.148/
Tranche C
Rp863,190,000,000
and swapped into
US$55,704,148
174
PT Medco Energi Internasional Tbk 2024 Annual Report
335
333
Page 338
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Medco Power Indonesia
Obligasi Rupiah I Seri A PT Pemeringkat Efek Bursa Efek Juli 2021/ 9,75% Terutang setiap Obligasi ini tidak dijamin
dengan tanggal terbit Rp279.000.000.000/ Indonesia Indonesia/ July 2021 kuartal/ dengan agunan khusus/
4 Juli 2018/ Tranche A (PEFINDO) : A (2024) Indonesia 9.75% Payable These bonds are
Rupiah Shelf Rp279,000,000,000 Stock Exchange Telah dilunasi pada quarterly unsecured.
Registered Bonds I Juli 2021/
with issue date on Has been fully repaid
July 4, 2018 in July 2021
Seri B Juli 2023/ 10,25% Terutang
Rp63.000.000.000/ July 2023 setiap kuartal/
Tranche B 10.25% Payable
Rp63,000,000,000 Telah dilunasi pada quarterly
Juli 2023/
Has been fully repaid
in July 2023
Seri C Juli 2025/ 10,75% Terutang
Rp258.000.000.000/ July 2025 setiap kuartal/
Tranche C 10.75% Payable
Rp258,000,000,000 quarterly
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Juli 2021/ 9,75% Terutang setiap Obligasi ini tidak dijamin
Rupiah I dengan Rp153.000.000.000/ Indonesia Indonesia July 2021 kuartal/ dengan agunan khusus/
tanggal terbit 4 Juli Tranche A (PEFINDO) : A (sy) Stock Exchange 9.75% Payable These bonds are
2018/ Rp153,000,000,000 (2024) Telah dilunasi pada quarterly unsecured.
Rupiah Sukuk Juli 2021/
Wakalah I with issue Has been fully repaid
date on July 4, 2018 in July 2021
Seri B Juli 2023/ 10,25% Terutang
Rp404.000.000.000/ July 2023 setiap kuartal/
Tranche B 10.25% Payable
Rp404,000,000,000 Telah dilunasi pada quarterly
Juli 2023/
Has Been fully repaid
in July 2023
Seri C Juli 2025/ 10,75% Terutang
Rp43.000.000.000/ July 2025 setiap kuartal/
Tranche C 10.75% Payable
Rp43,000,000,000 quarterly
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Mei 2022/ 10,00% Terutang Obligasi ini tidak dijamin
Rupiah II dengan Rp832.700.000.000/ Indonesia Indonesia May 2022 setiap kuartal/ dengan agunan khusus/
tanggal terbit 23 Mei Tranche A (PEFINDO) : A (sy) Stock Exchange 10.00% Payable These bonds are
2019/ Rp832,700,000,000 (2024) Telah dilunasi pada quarterly unsecured.
Rupiah Sukuk Mei 2022/
Wakalah II with issue Has been fully repaid
date on May 23, 2019 in May 2022
Seri B Mei 2024/ 10,55% Terutang
Rp7.000.000.000/ May 2024 setiap kuartal/
Tranche B 10.55% Payable
Rp7,000,000,000 Telah dilunasi pada quarterly
Mei 2024/
Has been fully repaid
in May 2024
Seri C Mei 2026/ 11,10% Terutang
Rp10.300.000.000/ May 2026 setiap kuartal/
Tranche C 11.10% Payable
Rp10,300,000,000 quarterly
336
334 PT Medco Energi Internasional Tbk 2024 Annual Report
175
Page 339
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Medco Power Indonesia (lanjutan/continued)
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Agustus 2025/ 8,00% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp280.000.000.000/ Indonesia Indonesia August 2025 kuartal/ dengan agunan khusus/
I Tahap I dengan Tranche A (PEFINDO) : A (sy) Stock Exchange 8.00% Payable These bonds are
tanggal terbit 4 Rp280,000,000,000 (2024) quarterly unsecured.
Agustus 2022/
Rupiah Shelf
Registered Sukuk Seri B Agustus 2027/ 9,25% Terutang setiap
Wakalah I Phase I Rp220.000.000.000/ August 2027 kuartal/
with issue date on Tranche B 9.25% Payable
August 4, 2022 Rp220,000,000,000 quarterly
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Desember 2025/ 9,00% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp469.690.000.000/ Indonesia Indonesia December 2025 kuartal/ dengan agunan khusus/
I Tahap II dengan Tranche A (PEFINDO) : A (sy) Stock Exchange 9.00% Payable These bonds are
tanggal terbit 30 Rp469,690,000,000 (2024) quarterly unsecured.
Desember 2022/
Rupiah Shelf Seri B Desember 2027/ 9,50% Terutang setiap
Registered Sukuk Rp130.310.000.000/ December 2027 kuartal/
Wakalah I Phase II Tranche B 9.50% Payable
with issue date on Rp130,310,000,000 quarterly
December 30, 2022
Sukuk Wakalah Seri A PT Pemeringkat Efek Bursa Efek Indonesia/ Januari 2027/ 8,55% Terutang setiap Obligasi ini tidak dijamin
Berkelanjutan Rupiah Rp175.995.000.000 Indonesia Indonesia January 2027 kuartal/ dengan agunan khusus/
I Tahap III dengan Tranche A (PEFINDO) : A (sy) Stock Exchange 8.55% Payable These bonds are
tanggal terbit 18 Rp175,995,000,000 (2024) quarterly unsecured.
Januari 2024/
Rupiah Shelf
Registered Sukuk Seri B Januari 2029/ 9,50% Terutang setiap
Wakalah I Phase III Rp494.490.000.000 January 2029 kuartal/
with issue date on Tranche B 9.50% Payable
January 18, 2024 Rp494,490,000,000 quarterly
Seri C Januari 2031/ 10,00% Terutang
Rp79.515.000.000 January 2031 setiap kuartal/
Tranche C 10.00% Payable
Rp79,515,000,000 quarterly
Medco Platinum Road Pte Ltd
Obligasi Dolar AS AS$500.000.000/ Moody’s Investor Singapore Exchange Januari 2025/ 6,75% Obligasi ini dijamin
dengan tanggal terbit US$500,000,000 Service : B1 (2024) Securities Trading January 2025 Terutang setiap tanpa syarat oleh
30 Januari 2018/ Fitch Ratings : BB- Limited setengah tahun/ Perusahaan dan entitas
US Dollar Bonds with (2024) Telah dilunasi pada 6.75% anak tertentu/
issue date on January Standard & Poor’s Mei 2024/ Payable semi- These bonds are
30, 2018 Rating Services : BB- Has been fully repaid annually unconditionally
(2024) on May 2024 guaranteed by the
Company and certain
subsidiaries.
Medco Oak Tree Pte Ltd
Obligasi Dolar AS AS$650.000.000/ Moody’s Investor Singapore Exchange Mei 2026/ 7,375% Obligasi ini dijamin
dengan tanggal terbit US$650,000,000 Service : B1 (2024) Securities Trading May 2026 Terutang tanpa syarat oleh
14 Mei 2019/ Fitch Ratings : BB- Limited Setiap Perusahaan dan entitas
US Dollar Bonds with (2024) Setengah anak tertentu/
issue date on May 14, Standard & Poor’s tahun/ These bonds are
2019 Rating Services : BB- 7.375% unconditionally
(2024) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
176
PT Medco Energi Internasional Tbk 2024 Annual Report
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335
Page 340
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Kupon
Utang Jangka
Pokok/ Peringkat/ Terdaftar/ Jatuh Tempo/ per tahun/ Jaminan/
Panjang/
Principal Rating Listed Maturity Coupon Security
Long-Term Debt
per annum
Medco Bell Pte Ltd
Obligasi Dolar AS AS$650.000.000/ Moody’s Investor Singapore Exchange Januari 2027/ 6,375% Obligasi ini dijamin
dengan tanggal terbit US$650,000,000 Service : B1 (2024) Securities Trading January 2027 Terutang tanpa syarat oleh
30 Januari 2020/ Fitch Ratings : BB- Limited setiap Perusahaan dan entitas
US Dollar Bonds with (2024) setengah anak tertentu/
issue date on January Standard & Poor’s tahun/ These bonds are
30, 2020 Rating Services : BB- 6.375% unconditionally
(2024) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
Medco Laurel Tree Pte Ltd
Obligasi Dolar AS AS$400.000.000/ Moody’s Investor Singapore Exchange November 2028/ 6,95% Obligasi ini dijamin
dengan tanggal terbit US$400,000,000 Service : B1 (2024) Securities Trading November 2028 Terutang tanpa syarat oleh
12 November 2021/ Fitch Ratings : BB- Limited setiap Perusahaan dan entitas
US Dollar Bonds with (2024) setengah anak tertentu/
issue date on Standard & Poor’s tahun/ These bonds are
November 12, 2021 Rating Services : BB- 6.95% unconditionally
(2024) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
Medco Maple Tree Pte Ltd
Obligasi Dolar AS AS$500.000.000/ Moody’s Investor Singapore Exchange April 2029/ 8,96% Obligasi ini dijamin
dengan tanggal terbit US$500,000,000 Service : B1 (2024) Securities Trading April 2029 Terutang tanpa syarat oleh
27 Oktober 2023/ Fitch Ratings : BB- Limited setiap Perusahaan dan entitas
US Dollar Bonds with (2024) setengah anak tertentu/
issue date on October Standard & Poor’s tahun/ These bonds are
27, 2023 Rating Services : BB- 8.96% unconditionally
(2024) Payable guaranteed by the
semi-annually Company and certain
subsidiaries.
Kreditur/Lenders Tanggal efektif pinjaman/ Jadwal pelunasan/
Jaminan/Security
Loan effectivity date Repayment Schedule
PT Medco Power Indonesia
PT Mandiri Tunas Finance April 2021/ April 2026/ Fasilitas ini dijamin dengan kendaraan
April 2021 April 2026 yang diperoleh/
Fasilitas Pembiayaan Investasi/ This facility is collateralized by acquired
Investment Financing Facility vehicles.
PT Sarana Multi Infrastruktur (Persero) Agustus 2022/ Maret 2026/ Fasilitas ini tidak dijamin dengan agunan
August 2022 March 2026 khusus/
Fasilitas Musyarakah/ This facility is unsecured.
Musyarakah Facility
PT Medco Cahaya Geothermal
PT Sarana Multi Infrastruktur (Persero) Januari 2023/ Desember 2042/ Fasilitas ini dijamin dengan seluruh asset
January 2023 December 2042 proyek, hak atas piutang, dan seluruh
Fasilitas Pembiayaan Proyek/ gadai saham dalam proyek/
Project Financing Facility This facility is collateralized by all of the
project’s assets, rights over receivables on
the project, and a pledge of all shares in
the project.
338
336 PT Medco Energi Internasional Tbk 2024 Annual Report
177
Page 341
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
Berdasarkan syarat-syarat dan kondisi-kondisi dari Under the terms and conditions of the long-term
perjanjian sehubungan dengan kewajiban jangka obligations, the Group is subject to various
panjang tersebut, Grup harus mematuhi covenants, among others, obtaining approval from
pembatasan tertentu, antara lain memperoleh the lenders/designated trustees prior to undertaking
persetujuan dari pemberi pinjaman/wali amanat certain actions such as: mergers or acquisitions,
yang ditunjuk sebelum melakukan tindakan- reducing the authorized, issued and fully paid
tindakan seperti: merger atau akuisisi, mengurangi capital stock of the Company, changing the main
modal dasar, diterbitkan dan disetor penuh dari business activities of the Company; restrictions on
modal saham Perusahaan, mengubah bisnis utama granting loans to third parties, pledging and
Perusahaan; pembatasan atas pemberian pinjaman transferring the Company’s assets, issuing senior
kepada pihak ketiga, menjaminkan dan debt, filing for bankruptcy or delaying loan
mengalihkan aset Perusahaan, menerbitkan payments prior to the payment of bond interest and
obligasi senior, mengajukan permintaan bangkrut principal, and declaring and paying dividends in
atau penundaan pembayaran pinjaman sebelum excess of a certain percentage of consolidated net
pembayaran pokok dan bunga obligasi, dan income and requirement to comply with certain
mengumumkan dan membayar dividen melebihi financial ratios.
persentase tertentu dari laba neto konsolidasian
dan harus memenuhi rasio keuangan tertentu.
a. Pembatasan-pembatasan atas Pinjaman a. Debt covenants
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, in
manajemen berpendapat, bahwa Grup management's opinion, the Group is in
mematuhi pembatasan atas semua liabilitas compliance with the covenants of all long-term
jangka panjang. obligations.
Manajemen menyatakan bahwa selama periode Management represented that during the
pelaporan dan sampai pada tanggal reporting periods and as of the completion date
penyelesaian laporan keuangan konsolidasian, of the consolidated financial statements, the
Grup tidak pernah mengalami kondisi gagal Group has never defaulted on paying its
bayar atas obligasi yang telah jatuh tempo. maturing bonds.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the Group
Grup telah memenuhi semua rasio keuangan has complied with all financial ratios required to
yang dipersyaratkan dalam perjanjian. be maintained under the agreements.
b. Wali Amanat b. Trustees
Grup telah menunjuk Wali Amanat sebagai The Group engaged Trustees to act as the
perantara antara Grup dengan Pemegang intermediaries between the Group and the
Obligasi. Adapun Wali Amanat untuk Obligasi Bondholders. The Trustee for Shelf Registered
Berkelanjutan Rupiah II Tahap I, II, III, IV, V dan Rupiah Bonds II Phase I, II, III, IV, V and VI,
VI, Obligasi Berkelanjutan Rupiah III Tahap I Shelf Registered Rupiah Bonds III Phase I and
dan Obligasi Berkelanjutan Rupiah V Tahap I Shelf Registered Rupiah Bonds V Phase I and II
dan II adalah PT Bank Mega Tbk. Untuk is PT Bank Mega Tbk. For Shelf Registered
Obligasi Berkelanjutan Rupiah III Tahap II, III Rupiah Bonds III Phase II, III and Shelf
dan Obligasi Berkelanjutan Rupiah IV Tahap I, II Registered Rupiah Bonds IV Phase I, II and III,
dan III, Grup menunjuk PT Bank Rakyat The Group has appointed PT Bank Rakyat
Indonesia (Persero) Tbk sebagai Wali Amanat. Indonesia (Persero) Tbk as the Trustee. The
Grup juga telah menunjuk The Bank of New Group has also appointed The Bank of New
York Mellon Corporation sebagai Wali Amanat York Mellon Corporation to act as Trustee for its
untuk Obligasi Dolar AS. Adapun untuk Obligasi US Dollar Bonds. For Shelf Registered Rupiah
Rupiah I dan Sukuk Wakalah Rupiah I dan II PT Bonds I and Rupiah Sukuk Wakalah I and II of
Medco Power Indonesia, Grup telah menunjuk PT Medco Power Indonesia, the Group has
PT Bank Mega Tbk sebagai Wali Amanat. appointed PT Bank Mega Tbk to act as Trustee.
178
PT Medco Energi Internasional Tbk 2024 Annual Report
339
337
Page 342
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain c. Others
Obligasi Rupiah Rupiah Shelf Registered Bonds
Perusahaan The Company
Pada tanggal 20 Februari 2023, Perusahaan On Febuary 20, 2023, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah III repaid Rupiah Shelf Registered Bonds III Phase
Tahap III Seri A sebesar Rp1.023.700.000.000. III Tranche A of Rp1,023,700,000,000.
Pada tanggal 29 Maret 2023, Perusahaan telah On March 29, 2023, the Company has fully
melunasi Obligasi Berkelanjutan Rupiah III repaid Rupiah Shelf Registered Bonds III Phase
Tahap I Seri B sebesar Rp217.500.000.000. I Tranche B of Rp217,500,000,000.
Pada tanggal 7 Juli 2023, Perusahaan On July 7, 2023, the Company issued a Shelf
menerbitkan Obligasi Berkelanjutan Rupiah Registered Rupiah Bond for
sebesar Rp1.000.000.000.000 ("PUB V Tahap Rp 1,000,000,000,000 ("PUB V Tranche I")
I") yang terbagi dalam tiga seri yaitu: consisting of three tranches:
• Seri A sebesar Rp150.000.000.000 • Tranche A of Rp150,000,000,000 with
dengan tenor 3 tahun; 3-year tenor;
• Seri B sebesar Rp260.000.000.000 • Tranche B of Rp260,000,000,000 with
dengan tenor 5 tahun; 5-year tenor;
• Seri C sebesar Rp590.000.000.000 • Tranche C of Rp590,000,000,000 with
dengan tenor 7 tahun. 7-year tenor.
Perusahaan juga telah melakukan transaksi The Company has also entered into a “Cross
“Pertukaran Silang Mata Uang” (“CCS”) untuk Currency Swap” (“CCS”) for the Rupiah
mengubah liabilitas Rupiah menjadi Dolar AS di liabilities to US Dollar in which the Company will
mana Perusahaan akan membayar suku bunga pay fixed US Dollar interest rate and receive
tetap dalam Dolar AS dan menerima suku fixed Rupiah interest rate.
bunga tetap dalam Rupiah.
Pada tanggal 28 September 2023, Perusahaan On September 28, 2023, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah III repaid Rupiah Shelf Registered Bonds III Phase
Tahap II Seri B sebesar Rp47.500.000.000. II Tranche B of Rp47,500,000,000.
Pada tanggal 21 Desember 2023, Perusahaan On December 21, 2023, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah II repaid Rupiah Shelf Registered Bonds II Phase
Tahap III Seri C sebesar Rp23.000.000.000. III Tranche C of Rp23,000,000,000.
Pada tanggal 13 Februari 2024, Perusahaan On February 13 2024, the Company issued a
menerbitkan Obligasi Berkelanjutan Rupiah Shelf Registered Rupiah Bond for
sebesar Rp1.500.000.000.000 ("PUB V Tahap Rp1,500,000,000,000 ("PUB V Phase II")
II") yang terbagi dalam tiga seri yaitu: consisting of three tranches:
• Seri A sebesar Rp208.855.000.000 • Tranche A of Rp208,855,000,000 with
dengan tenor 3 tahun; 3-year tenor;
• Seri B sebesar Rp427.955.000.000 • Tranche B of Rp427,955,000,000 with
dengan tenor 5 tahun; 5-year tenor;
• Seri C sebesar Rp863.190.000.000 • Tranche C of Rp863,190,000,000 with
dengan tenor 7 tahun. 7-year tenor.
Perusahaan juga telah melakukan transaksi The Company has entered into a “Cross
“Pertukaran Mata Uang Silang” (“CCS”) untuk Currency Swap” (“CCS”) for the Rupiah
mengubah liabilitas Rupiah menjadi Dolar AS di liabilities to US Dollar in which the Company will
mana Perusahaan akan membayar suku bunga pay fixed US Dollar interest rate and receive
tetap dalam Dolar AS dan menerima suku fixed Rupiah interest rate.
bunga tetap dalam Rupiah.
340
338 PT Medco Energi Internasional Tbk 2024 Annual Report
179
Page 343
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Rupiah (lanjutan) Rupiah Shelf Registered Bonds (continued)
Perusahaan (lanjutan) The Company (continued)
Pada tanggal 28 Maret 2024, Perusahaan telah On March 28, 2024, the Company has fully
melunasi Obligasi Berkelanjutan Rupiah II repaid Rupiah Shelf Registered Bonds II Phase
Tahap IV Seri C sebesar Rp7.000.000.000. IV Tranche C of Rp7,000,000,000.
Pada tanggal 9 September 2024, Perusahaan On September 9, 2024, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah IV repaid Rupiah Shelf Registered Bonds IV Phase
Tahap I Seri A sebesar Rp400.000.000.000. I Tranche A of Rp400,000,000,000. The final
Penyelesaian akhir untuk transaksi “Pertukaran settlement for the “Cross Currency
Silang Mata Uang” (“CCS”) terkait obligasi ini Swap” (“CCS”) transaction related to this bonds
telah diselesaikan. has been completed.
Pada tanggal 22 November 2024, Perusahaan On November 22, 2024, the Company has fully
telah melunasi Obligasi Berkelanjutan Rupiah IV repaid Rupiah Shelf Registered Bonds IV Phase
Tahap II Seri A sebesar Rp941.805.000.000. II Tranche A of Rp941,805,000,000.The final
Penyelesaian akhir untuk transaksi “Pertukaran settlement for the “Cross Currency
Silang Mata Uang” (“CCS”) terkait obligasi ini Swap” (“CCS”) transaction related to this bonds
telah diselesaikan. has been completed.
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
Pada tanggal 4 Juli 2023, MPI melakukan On July 4, 2023, MPI has fully settled Rupiah
pelunasan pokok Obligasi Rupiah I Seri B tahun Shelf Registered Bonds I Tranche B year 2018
2018 sebesar Rp63.000.000.000. Rp63,000,000,000.
Fasilitas Kredit Credit Facility
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
PT Medco Power Indonesia PT Medco Power Indonesia
Pada tanggal 15 Agustus 2022, BSI melakukan On August 15, 2022, BSI transferred a loan of
pengalihan pinjaman senilai Rp336.875.000.000 Rp336,875,000,000 to PT Sarana Multi
kepada PT Sarana Multi Infrastruktur (Persero) Infrastruktur (Persero) and the Musyarakah loan
dan pinjaman Musyarakah tersebut menjadi become syndicated loan.
pinjaman sindikasi.
Selama tahun 2023, MPI telah melakukan During 2023, MPI has paid scheduled
pembayaran cicilan terjadwal kepada PT installment to PT Sarana Multi Infrastruktur
Sarana Multi Infrastruktur (Persero) sebesar (Persero) Rp52,500,000,000.
Rp52.500.000.000.
Selama tahun 2024, MPI telah melakukan During 2024, MPI has paid scheduled
pembayaran cicilan terjadwal kepada PT installment to PT Sarana Multi Infrastruktur
Sarana Multi Insfrastruktur (Persero) sebesar (Persero) Rp39,375,000,000.
Rp39.375.000.000.
PT Medco Cahaya Geothermal PT Medco Cahaya Geothermal
Pada 11 Januari 2023, PT Medco Cahaya On January 11, 2023, PT Medco Cahaya
Geothermal menandatangani Perjanjian Geothermal signed project financing agreement
Pembiayaan Proyek sebesar AS$70.000.000 US$70,000,000 with PT Sarana Multi
dengan PT Sarana Multi Infrastruktur, dengan Infrastruktur, with 20 years tenor. This financing
jangka waktu 20 tahun. Pembiayaan ini aims to finance the Ijen Geothermal Power
bertujuan untuk pembangunan PLTP Ijen unit 1 Plant phase-1 capacity 31.4 MW in Blawan-Ijen.
kapasitas 31,4 MW di kawasan Blawan-Ijen. This facility is collateralized by all of the
Fasilitas ini dijamin dengan seluruh asset project’s assets, rights over receivables on the
proyek, hak atas piutang, dan seluruh gadai project, and a pledge of all shares in the project.
saham dalam proyek.
180
PT Medco Energi Internasional Tbk 2024 Annual Report
341
339
Page 344
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Fasilitas Kredit (lanjutan) Credit Facility (continued)
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak (lanjutan) Subsidiaries (continued)
PT Medco Cahaya Geothermal (lanjutan) PT Medco Cahaya Geothermal (continued)
Selama tahun 2023, PT Medco Cahaya During 2023, PT Medco Cahaya Geothermal
Geothermal melakukan penarikan pinjaman dari has withdrawn loan US$7,858,384 from PT
PT Sarana Multi Infrastruktur (Persero) sebesar Sarana Multi Infrastruktur (Persero), include
AS$7.858.384, termasuk fasilitas bunga masa Interest During Construction US$25,857.
konstruksi sebesar AS$25.857.
Selama tahun 2024, PT Medco Cahaya During 2024, PT Medco Cahaya Geothermal
Geothermal melakukan penarikan pinjaman dari has withdrawn loan US$62,131,796 from PT
PT Sarana Multi Infrastruktur (Persero) sebesar Sarana Multi Infrastruktur (Persero), include
AS$62.131.796, termasuk fasilitas bunga masa Interest During Construction US$1,374,143.
konstruksi sebesar AS$1.374.143.
Sukuk Wakalah Rupiah Rupiah Sukuk Wakalah
PT Medco Power Indonesia (“MPI”) dan Entitas PT Medco Power Indonesia (“MPI”) and
Anak Subsidiaries
Pada tanggal 4 Juli 2023, MPI melakukan On July 4, 2023, MPI has fully settled Sukuk
pelunasan pokok Sukuk Wakalah I tahun 2018 Wakalah I year 2018 tranche B
Seri B sebesar Rp404.000.000.000. Rp404,000,000,000.
Pada tanggal 18 Januari 2024, Medco Power On January 18, 2024, Medco Power Indonesia
Indonesia menerbitkan Sukuk Wakalah issued a Shelf Registered Sukuk Wakalah I
Berkelanjutan I Tahap III Tahun 2024 sebesar Phase III of 2024 for Rp750,000,000,000
Rp750.000.000.000 yang terbagi dalam tiga seri consisting of three tranches:
yaitu:
• Seri A sebesar Rp175.995.000.000 • Tranche A Rp175,995,000,000 with 3-
dengan tenor 3 tahun; year tenor;
• Seri B sebesar Rp494.490.000.000 • Tranche B Rp494,490,000,000 with 5-
dengan tenor 5 tahun; year tenor;
• Seri C sebesar Rp79.515.000.000 • Tranche C Rp79,515,000,000 with 7-
dengan tenor 7 tahun. year tenor.
Pada tanggal 23 Mei 2024, MPI melakukan On May 23, 2024, MPI has fully settled Sukuk
pelunasan pokok Sukuk Wakalah II tahun 2019 Wakalah II year 2019 tranche B
seri B sebesar Rp7.000.000.000. Rp7,000,000,000.
Obligasi Dolar AS US Dollar Bonds
Medco Platinum Road Pte. Ltd. Medco Platinum Road Pte. Ltd.
Pada tanggal 30 Januari 2018, Medco Platinum On January 30, 2018, Medco Platinum Road
Road Pte. Ltd. entitas anak yang dimiliki Pte. Ltd. a wholly-owned subsidiary of MSS,
sepenuhnya oleh MSS, menerbitkan Senior issued a US$500,000,000 Senior Notes due in
Notes sebesar AS$500.000.000 yang akan 2025, with coupon rate of 6.75% per annum,
jatuh tempo pada tahun 2025, dengan kupon which are unconditionally and irrevocably
sebesar 6,75% per tahun, yang dijamin tanpa guaranteed by the Company and certain
syarat dan tidak dapat dibatalkan oleh subsidiaries.
Perusahaan dan entitas anak tertentu.
342
340 PT Medco Energi Internasional Tbk 2024 Annual Report
181
Page 345
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Dolar AS (lanjutan) US Dollar Bonds (continued)
Medco Platinum Road Pte. Ltd. (lanjutan) Medco Platinum Road Pte. Ltd. (continued)
Senior Notes ini akan jatuh tempo pada tanggal The Senior Notes will mature on January 30,
30 Januari 2025, dan bunganya akan mulai 2025, and interest will be accrued from January
dicatat dari tanggal 30 Januari 2018 dan 30, 2018 payable semi-annually in arrears
terutang setiap tengah tahun mulai tanggal 30 commencing on July 30, 2018. The Senior
Juli 2018. Senior Notes ini tercatat pada Notes are listed on the Singapore Exchange
Singapore Exchange Securities Trading Limited, Securities Trading Limited, and its proceeds
dan dana hasil penerbitan Senior Notes ini telah were used for full repayment of PT Bank Mandiri
digunakan untuk pelunasan seluruh pinjaman (Persero) Tbk credit facility PTK IV and V,
ke PT Bank Mandiri (Persero) Tbk untuk fasilitas partial repayment of PT Bank Mandiri (Persero)
kredit PTK IV dan V, sebagian pinjaman ke PT Tbk credit facility PTK VI and PUB I Phase II.
Bank Mandiri (Persero) Tbk untuk fasilitas kredit Its proceeds also were used for repayment of
PTK VI dan PUB I Tahap II. Dana hasil bonds payable of PUB II phase I Tranche A,
penerbitan Senior Notes ini telah digunakan PUB II phase II Tranche A, and PUB II phase III
untuk melunasi utang obligasi PUB II tahap I Tranche A and MTN V.
Seri A, PUB II tahap II Seri A, dan PUB II tahap
III Seri A dan MTN V.
Selama 2023, Grup, melalui Perusahaan, telah During year 2023, the Group, through the
melakukan pembelian kembali utang Senior Company, has bought back Medco Platinum
Notes Medco Platinum Road Pte. Ltd. dengan Road Pte. Ltd. Senior Notes US$300,000 from
nilai nominal sebesar AS$300.000 dari pasar. the market.
Pada tanggal 15 November 2023, Medco On November 15, 2023, Medco Platinum Road
Platinum Road Pte. Ltd. telah menyelesaikan Pte. Ltd. completed and paid the tender offer for
dan membayar penawaran tender untuk the early repayment of its Senior Notes of
percepatan pelunasan dari Senior Notes US$201,801,000. At the same time, the
sebesar AS$201.801.000. Pada saat yang repurchase of Medco Platinum Road Pte. Ltd.
sama, pembelian kembali atas Senior Notes Senior Notes that was done in 2023 of
Medco Platinum Road Pte. Ltd. sebesar US$300,000 have been marked down for
AS$300.000 juga dilakukan pembatalan. cancellation.
Pada tanggal 6 Mei 2024, Medco Platinum On May 6, 2024, Medco Platinum Road Pte.
Road Pte. Ltd. telah melakukan pelunasan lebih Ltd. has conducted early repayment
awal (penebusan) atas sisa dari seluruh Senior (redemption) of the entire remaining outstanding
Notes termasuk dengan bunga dan biaya Senior Notes including interest and premium for
premium sebesar AS$34.177.373. US$34,177,373.
Medco Oak Tree Pte. Ltd. Medco Oak Tree Pte. Ltd.
Pada tanggal 14 Mei 2019, Medco Oak Tree On May 14, 2019, Medco Oak Tree Pte. Ltd. a
Pte. Ltd. entitas anak yang dimiliki sepenuhnya wholly owned indirect subsidiary, issued a
secara tidak langsung, menerbitkan Senior US$650,000,000 Senior Notes due in 2026, with
Notes sebesar AS$650.000.000 yang akan coupon rate of 7.375% per annum, which are
jatuh tempo pada tahun 2026, dengan kupon irrevocably and unconditionally guaranteed by
sebesar 7,375% per tahun, yang tidak dapat the Company and certain subsidiaries.
dibatalkan dan dijamin tanpa syarat oleh
Perusahaan dan entitas anak tertentu.
182
PT Medco Energi Internasional Tbk 2024 Annual Report
343
341
Page 346
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Dolar AS (lanjutan) US Dollar Bonds (continued)
Medco Oak Tree Pte. Ltd. (lanjutan) Medco Oak Tree Pte. Ltd. (continued)
Senior Notes ini akan jatuh tempo pada tanggal The Senior Notes will mature on May 14, 2026
14 Mei 2026 dan bunganya akan mulai dicatat and its interest will be accrued from May 14,
dari tanggal 14 Mei 2019 dan terutang setiap 2019 and payable semi-annually in arrears
tengah tahun mulai tanggal 14 November 2019. commencing on November 14, 2019. The
Senior Notes ini tercatat pada Singapore Senior Notes are listed on the Singapore
Exchange Securities Trading Limited dan dana Exchange Securities Trading Limited, and its
hasil penerbitan Senior Notes ini telah proceeds were used to fund the shares
digunakan untuk pendanaan akuisisi saham acquisition of Ophir Energy Ltd. and to refinance
Ophir Energy Ltd. dan pendanaan kembali the Group indebtedness.
utang Grup.
Pada tanggal 15 November 2023, Medco Oak On November 15, 2023, Medco Oak Tree Pte.
Tree Pte. Ltd. telah menyelesaikan dan Ltd. completed and paid the tender offer for the
membayar penawaran tender untuk percepatan early repayment of its Senior Notes of
pelunasan dari Senior Notes sebesar US$59,848,000.
AS$59.848.000.
Selama tahun 2024, Grup, melalui Perusahaan, During 2024, the Group, through the Company,
telah melakukan pembelian kembali utang has bought back Medco Oak Tree Pte. Ltd.
Senior Notes Medco Oak Tree Pte. Ltd. dengan Senior Notes US$25,527,000 from the market.
nilai nominal sebesar AS$25.527.000 dari In June and October 2024, the corresponding
pasar. Pada bulan Juni dan Oktober 2024, amount has been marked down for cancellation.
jumlah tersebut dilakukan pembatalan.
Pada bulan Juni dan Oktober 2024, Medco Oak In June and October 2024, Medco Oak Tree
Tree Pte. Ltd. telah menyelesaikan dan Pte. Ltd. completed and paid the tender offer for
membayar penawaran tender untuk percepatan the early repayment of its Senior Notes of
pelunasan dari Senior Notes masing-masing US$148,809,000 and US$57,103,000,
sebesar AS$148.809.000 dan AS$57.103.000. respectively.
Medco Bell Pte. Ltd. Medco Bell Pte. Ltd.
Pada tanggal 30 Januari 2020, Medco Bell Pte. On January 30, 2020, Medco Bell Pte. Ltd. a
Ltd. entitas anak yang dimiliki sepenuhnya, wholly-owned subsidiary, issued US$650 million
menerbitkan Senior Notes sebesar AS$650 juta Senior Notes listed on the Singapore Exchange
yang tercatat pada Singapore Exchange Securities Trading Limited. The Senior Notes
Securities Trading Limited. Senior Notes ini will mature in 2027 and are unconditionally
akan jatuh tempo pada tahun 2027 dan dijamin guaranteed and irrevocably by the Company
tanpa syarat dan tidak dapat dibatalkan oleh and certain subsidiaries. Its proceeds were used
Perusahaan dan entitas anak tertentu. Hasilnya mainly for refinancing purpose. The coupon is
telah digunakan terutama untuk tujuan 6.375% per annum, which will start to be
refinancing. Kupon adalah sebesar 6,375% per accrued from January 30, 2020 and payable
tahun, yang bunganya akan mulai dicatat dari semi-annually in arrears commencing on July
tanggal 30 Januari 2020 dan akan terutang 30, 2020.
setiap tengah tahun mulai tanggal 30 Juli 2020.
Selama 2023, Grup, melalui Perusahaan, telah During year 2023, the Group, through the
melakukan pembelian kembali utang Senior Company, has bought back Medco Bell Pte. Ltd.
Notes Medco Bell Pte. Ltd. dengan nilai nominal Senior Notes US$19,361,000 from the market.
sebesar AS$19.361.000 dari pasar. Pada bulan In November 2023, the corresponding amount
November 2023, jumlah tersebut dilakukan has been marked down for cancellation.
pembatalan.
Pada tanggal 15 November 2023, Medco Bell On November 15, 2023, Medco Bell Pte. Ltd.
Pte. Ltd. telah menyelesaikan dan membayar completed and paid the tender offer for the early
penawaran tender untuk percepatan pelunasan repayment of its Senior Notes of
dari Senior Notes sebesar AS$62.337.000. US$62,337,000.
344
342 PT Medco Energi Internasional Tbk 2024 Annual Report
183
Page 347
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Dolar AS (lanjutan) US Dollar Bonds (continued)
Medco Bell Pte. Ltd. (lanjutan) Medco Bell Pte. Ltd. (continued)
Selama bulan Januari hingga November 2024, During January to November 2024, the Group,
Grup, melalui Perusahaan, telah melakukan through the Company, has bought back Medco
pembelian kembali utang Senior Notes Medco Bell Pte. Ltd. Senior Notes US$22,989,000 from
Bell Pte. Ltd. dengan nilai nominal sebesar the market. In June and October 2024, the
AS$22.989.000 dari pasar. Pada bulan Juni dan corresponding amount has been marked down
Oktober 2024, jumlah tersebut dilakukan for cancellation.
pembatalan.
Pada tanggal 24 Oktober 2024, Medco Bell Pte. On October 24, 2024, Medco Bell Pte. Ltd.
Ltd. telah menyelesaikan dan membayar completed and paid the tender offer for the early
penawaran tender untuk percepatan pelunasan repayment of its Senior Notes US$50,125,000.
dari Senior Notes sebesar AS$50.125.000.
Selama bulan Desember 2024, Grup, melalui During December 2024, the Group, through the
Perusahaan, telah melakukan pembelian Company, has bought back Medco Bell Pte. Ltd.
kembali utang Senior Notes Medco Bell Pte. Senior Notes US$1,370,000 from the market.
Ltd. dengan nilai nominal sebesar
AS$1.370.000 dari pasar.
Medco Laurel Tree Pte. Ltd. Medco Laurel Tree Pte. Ltd.
Pada tanggal 12 November 2021, Medco Laurel On November 12, 2021, Medco Laurel Tree Pte.
Tree Pte. Ltd., entitas anak yang dimiliki Ltd., a wholly-owned subsidiary, issued US$400
sepenuhnya, menerbitkan Senior Notes sebesar million Senior Notes listed on the Singapore
AS$400 juta yang tercatat pada Singapore Exchange Securities Trading Limited. The
Exchange Securities Trading Limited. Senior Senior Notes will mature in 2028 and are
Notes ini akan jatuh tempo pada tahun 2028 unconditionally guaranteed and irrevocably by
dan dijamin tanpa syarat dan tidak dapat the Company and certain subsidiaries. Its
dibatalkan oleh Perusahaan dan entitas anak proceeds were used mainly for refinancing
tertentu. Hasilnya telah digunakan terutama purpose. The coupon is 6.95% per annum,
untuk tujuan refinancing. Kupon adalah sebesar which will start to be accrued from November
6,95% per tahun, yang bunganya akan mulai 12, 2021 and payable semi-annually in arrears
dicatat dari tanggal 12 November 2021 dan commencing on May 12, 2022.
akan terutang setiap tengah tahun mulai tanggal
12 Mei 2022.
Selama 2023, Grup, melalui Perusahaan, telah During year 2023, the Group, through the
melakukan pembelian kembali utang Senior Company, has bought back Medco Laurel Tree
Notes Medco Laurel Tree Pte. Ltd. dengan nilai Pte. Ltd. Senior Notes US$12,200,000 from the
nominal sebesar AS$12.200.000 dari pasar. market.
Pada tanggal 15 November 2023, Medco Laurel On November 15, 2023, Medco Laurel Tree Pte.
Tree Pte. Ltd. telah menyelesaikan dan Ltd. completed and paid the tender offer for the
membayar penawaran tender untuk percepatan early repayment of its Senior Notes of
pelunasan dari Senior Notes sebesar US$73,183,000. At the same time, the
AS$73.183.000. Pada saat yang sama, repurchase of Medco Laurel Tree Pte. Ltd.
pembelian kembali atas Senior Notes Medco Senior Notes that was done in 2023 of
Laurel Tree Pte. Ltd. yang dilakukan selama US$12,200,000 have been marked down for
tahun 2023 sebesar AS$12.200.000 juga cancellation.
dilakukan pembatalan.
184
PT Medco Energi Internasional Tbk 2024 Annual Report
345
343
Page 348
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
29. UTANG JANGKA PANJANG LAINNYA (lanjutan) 29. OTHER LONG-TERM DEBTS (continued)
c. Lain-lain (lanjutan) c. Others (continued)
Obligasi Dolar AS (lanjutan) US Dollar Bonds (continued)
Medco Maple Tree Pte. Ltd. Medco Maple Tree Pte. Ltd.
Pada tanggal 27 Oktober 2023, Medco Maple On October 27, 2023, Medco Maple Tree Pte.
Tree Pte. Ltd., entitas anak yang dimiliki Ltd., a wholly-owned subsidiary, issued
sepenuhnya, menerbitkan Senior Notes sebesar US$500,000,000 million Senior Notes listed on
AS$500.000.000 yang terdaftar pada Singapore the Singapore Exchange Securities Trading
Exchange Securities Trading Limited. Senior Limited. The Senior Notes will mature in 2029
Notes ini akan jatuh tempo pada tahun 2029 and are unconditionally and irrevocably
dan dijamin tanpa syarat dan tidak dapat guaranteed by the Company and certain
dibatalkan oleh Perusahaan dan entitas anak subsidiaries. The coupon is 8.96% per annum,
tertentu. Kupon adalah sebesar 8,96% per which will start to be accrued from October 27,
tahun, yang bunganya akan mulai terutang dari 2023 and payable semi-annually in arrears
tanggal 27 Oktober 2023 dan akan dibayar commencing on April 27, 2024.
setiap tengah tahun mulai tanggal 27 April 2024.
30. KEPENTINGAN NONPENGENDALI 30. NON-CONTROLLING INTERESTS
Akun ini terdiri dari: This account consists of:
2024
Bagian atas Jumlah
Penghasilan (Rugi)
Kepentingan Komprehensif pada Akuisisi
Nonpengendali pada Tahun Berjalan/ Entitas Kepentingan
Awal Tahun/ Share in Total Anak/ Nonpengendali pada
Non-controlling Comprehensive Acquisition Akhir Tahun/
Interests at Beginning Income (Loss) of the Pembagian Dividen/ of Non-controlling
of Year Current Year Dividend Distribution Subsidiaries Interest at End of Year
PT Medco Kansai Power PT Medco Kansai Power
Indonesia 59.487.500 973.720 (1.555.030) — 58.906.190 Indonesia
PT Medco Ratch Power PT Medco Ratch Power
Riau 70.240.886 3.939.866 (3.697.911) — 70.482.841 Riau
PT Medco Cahaya PT Medco Cahaya
Geothermal 32.130.956 2.818.432 – — 34.949.388 Geothermal
PT Dalle Energy Batam 9.803.970 (1.233.964) – — 8.570.006 PT Dalle Energy Batam
PT Medco Energi Menamas 11.495.694 (12.333) – — 11.483.361 PT Medco Energi Menamas
PT Medco General Power PT Medco General Power
Services 4.590.778 (17.708) – — 4.573.070 Services
Medco Oman LLC 2.166.896 4.005.812 (3.960.000) — 2.212.708 Medco Oman LLC
PT Multidaya Prima PT Multidaya Prima
Elektrindo 3.147.079 (45.751) – — 3.101.328 Elektrindo
PT Universal Batam Energy 3.917.220 881.295 (603.684) — 4.194.831 PT Universal Batam Energy
Transasia Pipeline Transasia Pipeline
Company Pvt. Ltd. – (908.428) – 33.699.223 32.790.795 Company Pvt. Ltd.
Lain-lain 2.071.715 (1.030.815) – — 1.040.900 Others
Jumlah 199.052.694 9.370.126 (9.816.625) 33.699.223 232.305.418 Total
346
344 PT Medco Energi Internasional Tbk 2024 Annual Report
185
Page 349
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
30. KEPENTINGAN NONPENGENDALI (lanjutan) 30. NON-CONTROLLING INTERESTS (continued)
Akun ini terdiri dari: This account consists of:
2023
Bagian atas
Jumlah
Penghasilan
(Rugi) Komprehensif
Kepentingan pada Tahun Kepentingan
Nonpengendali pada Berjalan/ Nonpengendali pada
Awal Tahun/ Share in Total Akhir Tahun/
Non-controlling Comprehensive Pembagian Dividen/ Non-controlling
Interests at Income (Loss) of the Dividend Interest at End of
Beginning of Year Current Year Distribution Year
PT Medco Kansai Power PT Medco Kansai Power
Indonesia 58.057.102 4.483.213 (3.052.815) 59.487.500 Indonesia
PT Medco Ratch Power Riau 67.116.618 3.124.268 – 70.240.886 PT Medco Ratch Power Riau
PT Medco Cahaya Geothermal 27.673.838 4.457.118 – 32.130.956 PT Medco Cahaya Geothermal
PT Dalle Energy Batam 10.362.042 (164.562) (393.510) 9.803.970 PT Dalle Energy Batam
PT Medco Energi Menamas 10.664.058 949.648 (118.012) 11.495.694 PT Medco Energi Menamas
PT Medco General Power PT Medco General Power
Services 5.623.193 (1.024.549) (7.866) 4.590.778 Services
Medco Oman LLC 2.145.250 3.321.646 (3.300.000) 2.166.896 Medco Oman LLC
PT Multidaya Prima Elektrindo 3.164.903 (17.824) – 3.147.079 PT Multidaya Prima Elektrindo
PT Universal Batam Energy 2.865.263 1.838.847 (786.890) 3.917.220 PT Universal Batam Energy
Lain-lain 2.587.048 (514.415) (918) 2.071.715 Others
Jumlah 190.259.315 16.453.390 (7.660.011) 199.052.694 Total
Ekuitas kepemilikan nonpengendali atas ekuitas The equity interest held by non-controlling interests
adalah sebagai berikut: is as follows:
2024 2023
PT Medco Cahaya Geothermal 49,00 % 49,00 % PT Medco Cahaya Geothermal
PT Medco Ratch Power Riau 49,00 % 49,00 % PT Medco Ratch Power Riau
PT Medco Kansai Power Indonesia 40,00 % 40,00 % PT Medco Kansai Power Indonesia
PT Universal Batam Energy 30,00 % 30,00 % PT Universal Batam Energy
Medco Oman LLC 22,00 % 22,00 % Medco Oman LLC
PT Dalle Energy Batam 20,01 % 20,01 % PT Dalle Energy Batam
PT Multidaya Prima Elektrindo 15,00 % 15,00 % PT Multidaya Prima Elektrindo
Transasia Pipeline Company Pvt. Ltd. 15,00 % –% Transasia Pipeline Company Pvt. Ltd.
PT Medco General Power Services 0,40 % 0,40 % PT Medco General Power Services
PT Medco Energi Menamas 0,01 % 0,01 % PT Medco Energi Menamas
Lain-Lain: Others:
PT MedcoSolar Bali Timur 49,00 % 49,00 % PT MedcoSolar Bali Timur
PT MedcoSolar Bali Barat 49,00 % 49,00 % PT MedcoSolar Bali Barat
PT Sangsaka Agro Lestari 30,00 % 30,00 % PT Sangsaka Agro Lestari
PT Muara Enim Multi Power 20,00 % 20,00 % PT Muara Enim Multi Power
PT Nawakara Energi Sumpur 20,00 % 20,00 % PT Nawakara Energi Sumpur
PT Energi Prima Elektrika 7,50 % 7,50 % PT Energi Prima Elektrika
PT Dalle Panaran 0,99 % 0,99 % PT Dalle Panaran
PT Medco Geothermal Sarulla 0,04 % 0,04 % PT Medco Geothermal Sarulla
PT Indo Medco Power 0,02 % 0,02 % PT Indo Medco Power
PT Medco Geothermal Indonesia 0,01 % 0,01 % PT Medco Geothermal Indonesia
186
PT Medco Energi Internasional Tbk 2024 Annual Report
347
345
Page 350
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
30. KEPENTINGAN NONPENGENDALI (lanjutan) 30. NON-CONTROLLING INTERESTS (continued)
PT Medco Kansai Power Indonesia dan Entitas PT Medco Kansai Power Indonesia and
Anak (“MKPI”) Subsidiaries (“MKPI”)
Pada tanggal 5 Maret 2021, PT Medco Kansai On March 5, 2021, PT Medco Kansai Power
Power Indonesia (“MKPI”) dan MPI Indonesia (“MKPI”) and MPI signed a sales and
menandatangani perjanjian jual beli untuk purchase agreement to execute the purchase of
melaksanakan pembelian entitas anak MPI yang MPI subsidiaries engaged in Gas IPP and O&M
bergerak di bisnis Gas IPP dan O&M (selain businesses (except for MRPR) by way of
MRPR) dengan memindahkan entitas-entitas anak transferring such subsidiaries to be owned by
tersebut untuk dimiliki oleh MKPI. Setelah transaksi MKPI. Upon effective of the transaction, Group held
efektif, Grup memiliki porsi kepentingan the portion of equity interest held by non-controlling
nonpengendali pada PT Medco Kansai Power interest in PT Medco Kansai Power Indonesia
Indonesia (“MKPI”) adalah sebesar 40%. (“MKPI”) is 40%.
Ringkasan laporan posisi keuangan Summarized statement of financial position
2024 2023
Aset Lancar 122.276.978 123.583.957 Current Assets
Aset Tidak Lancar 148.753.189 119.243.913 Non-current Assets
Liabilitas Jangka Pendek 38.634.982 21.966.558 Current Liabilities
Liabilitas Jangka Panjang 61.731.930 51.820.330 Non-current Liabilities
Kepentingan non-pengendali 23.391.443 22.982.534 Non-controlling Interest
Ringkasan laporan laba rugi dan penghasilan Summarized statement of profit or loss and other
komprehensif lain comprehensive income
2024 2023
Pendapatan 77.275.730 81.064.586 Revenues
Beban pokok pendapatan (49.828.172) (53.002.682) Cost of revenues
Laba kotor 27.447.558 28.061.904 Gross profit
Beban penjualan, umum dan Selling, general and administrative
administrasi (18.646.482) (18.914.285) expenses
Beban pendanaan (2.573.943) (3.366.189) Finance costs
Pendapatan bunga 2.768.146 2.935.976 Finance income
Pendapatan lain-lain 5.134.591 4.766.805 Other income
Beban lain-lain (1.411.828) (102.209) Other expense
LABA SEBELUM BEBAN PAJAK PROFIT BEFORE INCOME TAX
PENGHASILAN 12.718.042 13.382.002 EXPENSE
Beban pajak penghasilan (1.993.281) (3.462.558) Income tax expense
LABA TAHUN BERJALAN 10.724.761 9.919.444 PROFIT FOR THE YEAR
Penghasilan komprehensif lain 1.984.798 (695.748) Other comprehensive income
JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN 12.709.559 9.223.696 FOR THE YEAR
Laba komprehensif tahun berjalan Total comprehensive income for the
yang diatribusikan kepada: year attributable to:
Pemilik entitas induk 10.231.399 7.978.855 Equity holders of the parent
Kepentingan nonpengendali 2.478.160 1.244.841 Non-controlling interests
JUMLAH 12.709.559 9.223.696 TOTAL
348
346 PT Medco Energi Internasional Tbk 2024 Annual Report
187
Page 351
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
30. KEPENTINGAN NONPENGENDALI (lanjutan) 30. NON-CONTROLLING INTERESTS (continued)
PT Medco Kansai Power Indonesia dan Entitas PT Medco Kansai Power Indonesia and
Anak (“MKPI”) (lanjutan) Subsidiaries (“MKPI”) (continued)
Ringkasan laporan arus kas Summarized statement of cash flows
2024 2023
Cash flows provided by operating
Arus kas diperoleh dari aktivitas operasi 25.336.018 22.972.456 activities
Arus kas digunakan untuk aktivitas
investasi (10.684.777) (12.949.896) Cash flows used in investing activities
Arus kas digunakan untuk aktivitas
pendanaan (9.132.975) (24.136.628) Cash flows used in financing activities
Kenaikan (penurunan) neto - kas dan Net increase (decrease) in cash and cash
setara kas 5.518.266 (14.114.068) equivalents
Cash and cash equivalents at beginning
Kas dan setara kas awal tahun 95.988.906 95.988.906 of year
Efek dari perbedaan nilai tukar (2.683.734) (2.683.734) Effect of foreign exchange rate changes
Cash and cash equivalents at end
Kas dan setara kas akhir tahun 98.823.438 79.191.104 of year
Lain-lain Others
Pada tahun 2023, Medco LLC mengumumkan On 2023, Medco LLC declared dividends
dividen sebesar AS$15.000.000, dimana sebesar amounting to US$15,000,000, whereby dividends
AS$1.760.000 telah didistribusikan kepada pihak amounting to US$1,760,000 was paid to non-
nonpengendali dan sisanya sebesar AS$1.540.000 controlling interest and the rest US$1,540,000 was
dibayarkan kepada pihak nonpengendali pada paid on February 2024.
Februari 2024.
Pada tahun 2023, PT Medco Kansai Power In 2023, PT Medco Kansai Power Indonesia
Indonesia mendistribusikan dividen hasil kinerja distributed dividends for performance result 2022
tahun 2022 dimana dividen setara dengan whereby dividends equivalent to US$3,052,815
AS$3.052.815 telah dibayarkan kepada pihak were paid to non-controlling interest.
nonpengendali.
Pada tahun 2023, PT Universal Batam Energy, PT In 2023, PT Universal Batam Energy, PT Medco
Medco General Power Services, PT Medco General Power Services, PT Medco Geothermal
Geothermal Sarulla, PT Dalle Energy Batam, dan Sarulla, PT Dalle Energy Batam, and PT Medco
PT Medco Energi Menamas mendistribusikan Energi Menamas distributed dividends for
dividen hasil kinerja tahun 2022 setara dengan performance result 2022 whereby dividends
AS$1.307.196 telah dibayarkan kepada pihak equivalent to US$1,307,196 were paid to non-
nonpengendali. controlling interest.
Pada tahun 2024, PT Medco Geothermal Sarulla In 2024, PT Medco Geothermal Sarulla and PT
and PT Medco Kansai Power Indonesia Medco Kansai Power Indonesia distributed interim
mendistribusikan dividen interim hasil kinerja tahun dividends for performance result 2023 whereby
2023 setara dengan AS$910,688 yang telah dividends equivalent to US$910,688 were paid to
dibayarkan kepada pihak nonpengendali. non-controlling interest.
Pada tahun 2024, Medco LLC mengumumkan On November 2024, Medco LLC declared dividends
dividen sebesar AS$18.000.000, dimana sebesar amounting to US$18,000,000, whereby dividends
AS$2.640.000 telah didistribusikan kepada pihak amounting to US$ 2,640,000 was paid to non-
nonpengendali dan sisanya sebesar AS$1.320.000 controlling interest and the rest US$ 1,320,000 was
dibayarkan kepada pihak nonpengendali pada paid on January 2025.
Januari 2025.
188
PT Medco Energi Internasional Tbk 2024 Annual Report
349
347
Page 352
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM 31. CAPITAL STOCK
2024
Persentase
Jumlah Saham/ Kepemilikan/ Jumlah/Amount
Number of Percentage of
Pemegang Saham/Shareholders Shares Ownership Rp‘000 AS$/US$
PT Medco Daya Abadi Lestari 12.944.140.124 51,64 % 323.603.503 62.721.519
Diamond Bridge Pte Ltd 5.395.205.771 21,53 % 134.880.144 26.142.756
PT Medco Duta 30.044.500 0,12 % 751.113 145.582
Dewan Komisaris/Board of Commissioners
Yani Yuhani Panigoro 8.703.146 0,03 % 217.579 42.172
Yaser Raimi A. Panigoro 2.223.533 0,01 % 55.588 10.774
Dewan Direksi/Board of Directors
Hilmi Panigoro 31.269.683 0,12 % 781.742 151.519
Roberto Lorato 168.421.200 0,67 % 4.210.530 816.094
Ronald Gunawan 71.810.642 0,29 % 1.795.266 347.962
Amri Siahaan 52.081.449 0,21 % 1.302.036 252.363
Anthony Robert Mathias 40.035.752 0,16 % 1.000.894 193.995
Masyarakat (masing-masing di bawah 5%)/
Public (each below 5%) 6.320.842.364 25,22 % 158.021.059 30.627.980
Sub-jumlah/Sub-total 25.064.778.164 100,00 % 626.619.454 121.452.716
Saham treasuri/Treasury stock 71.453.088 1.786.328 346.230
Jumlah/Total 25.136.231.252 628.405.782 121.798.946
2023
Persentase
Jumlah Saham/ Kepemilikan/ Jumlah/Amount
Number of Percentage of
Pemegang Saham/Shareholders Shares Ownership Rp‘000 AS$/US$
PT Medco Daya Abadi Lestari 12.944.140.124 51,72% 323.603.503 62.721.519
Diamond Bridge Pte Ltd 5.395.205.771 21,56% 134.880.144 26.142.756
PT Kalibiru Lestari Bersama 659.958.000 2,64% 16.498.950 3.197.862
PT Medco Duta 30.044.500 0,12% 751.113 145.582
Dewan Komisaris/Board of Commissioners
Yani Yuhani Panigoro 10.019.206 0,04% 250.480 48.549
Yaser Raimi A Panigoro 1.569.613 0,01% 39.240 7.606
Dewan Direksi/Board of Directors
Roberto Lorato 143.724.260 0,57% 3.593.107 696.424
Ronald Gunawan 60.976.162 0,24% 1.524.404 295.463
Anthony Robert Mathias 45.722.472 0,18% 1.143.062 221.551
Amri Siahaan 42.935.509 0,17% 1.073.388 208.046
Hilmi Panigoro 28.339.463 0,11% 708.487 137.320
Masyarakat (masing-masing di bawah 5%)/
Public (each below 5%) 5.666.864.804 22,64% 141.671.620 27.459.095
Sub-jumlah/Sub-total 25.029.499.884 100,00% 625.737.498 121.281.773
Saham treasuri/Treasury stock 106.731.368 2.668.284 517.173
Jumlah/Total 25.136.231.252 628.405.782 121.798.946
350
348 PT Medco Energi Internasional Tbk 2024 Annual Report
189
Page 353
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM (lanjutan) 31. CAPITAL STOCK (continued)
Berdasarkan Penawaran Umum Terbatas II (“PUT Based on Limited Public Offering II in 2017 (“PUT
II”) tahun 2017, Perusahaan menerbitkan II”), the Company issue a total of 4,399,117,667
sebanyak-banyaknya 4.399.117.667 Waran Seri I, Series I Warrants, which represent 33.33% of the
yang merupakan 33,33% dari jumlah modal total issued and paid-up capital as of the
ditempatkan dan disetor penuh pada saat submission of the registration statement and based
pernyataan pendaftaran dan berdasarkan asumsi on the assumption that the Series I Warrants are
dilaksanakannya Waran Seri I sebelum PUT II. exercised prior to the PUT II. Every 1 right share of
Untuk setiap 1 saham hasil pelaksanaan HMETD HMETD shall be accompanied by 1 Series I
tersebut melekat 1 Waran Seri I bagi pemegang Warrant granted to the Pre-Emptive Right holders
HMETD yang melaksanakan haknya. Waran Seri I exercising their rights. The Series I Warrants may
dapat dilaksanakan mulai tanggal 1 Juli 2018 be exercised from July 1, 2018 until December 11,
sampai dengan tanggal 11 Desember 2020, dimana 2020, where each holder of 1 Series I Warrant shall
setiap pemegang 1 Waran Seri I berhak untuk be entitled to purchase 1 share of the Company,
membeli 1 saham Perusahaan dengan ketentuan subject to the following provisions:
sebagai berikut:
- Tahap I dimulai pada tanggal 1 Juli 2018 - Exercise Window I shall commence from July
sampai dengan 31 Desember 2018 dengan 1, 2018 until December 31, 2018, with the
Harga Pelaksanaan Waran Tahap I Rp625 per Exercise Price for the Warrant Exercise
saham; Window I of Rp625 per share;
- Tahap II dimulai pada tanggal 1 Januari 2019 - Exercise Window II shall commence from
sampai dengan 31 Desember 2019 dengan January 1, 2019 until December 31, 2019,
Harga Pelaksanaan Waran Tahap II Rp650 with the Exercise Price for the Warrant
per saham; Exercise Window II of Rp650 per share;
- Tahap III dimulai pada tanggal 1 Januari 2020 - Exercise Window III shall commence from
sampai dengan 11 Desember 2020 dengan January 1, 2020 until December 11, 2020,
Harga Pelaksanaan Waran Tahap III Rp675 with the Exercise Price for the Warrant
per saham. Exercise Window III of Rp675 per share.
Terkait dengan Penawaran Umum Terbatas II Hak In connection with the Issuance of Pre-Emptive
Memesan Efek Terlebih Dahulu (“PUT II HMETD”) Rights II (“PUT II HMETD”) in December 2017,
di bulan Desember 2017, para pemegang saham shareholders that exercised their rights were issued
yang melaksanakan haknya diberikan waran yang one detachable warrant (“Warrants”) per share
dapat diperjualbelikan secara terpisah (“Waran”) subscribed for in the rights offering. Encore Energy
per saham yang dipesan. Encore Energy Pte. Ltd., Pte. Ltd., Clio Capital Ventures Pte. Ltd., PT
Clio Capital Ventures Pte. Ltd., PT Multifabrindo Multifabrindo Gemilang and PT Medco Duta
Gemilang dan PT Medco Duta mengalihkan hak transferred their entitlement of PUT II HMETD
mereka dalam PUT II HMETD kepada PT Medco offering to PT Medco Daya Abadi Lestari (“MDAL”).
Daya Abadi Lestari (“MDAL”). Selain dari Waran In addition to the Warrants received pursuant to this
yang diterima dari pengalihan ini, pada tanggal transfer, on the issue date of the Warrants, MDAL
penerbitan Waran, MDAL juga menerima Waran also received Warrants from the shares that it
dari saham yang dipesannya dalam PUT II HMETD. subscribed from PUT II HMETD. The Warrants are
Waran tersebut dapat dipergunakan antara bulan exercisable between July 2018 to December 2020.
Juli 2018 sampai dengan bulan Desember 2020.
Anggaran Dasar Perusahaan mengalami The Company's Articles of Association has been
perubahan berdasarkan Akta Notaris No. 12 amended based on notarial deed No. 12 dated
tanggal 5 Juni 2020, yang telah diterima dan dicatat June 5, 2020, which has been accepted and
oleh Menteri Hukum dan Hak Asasi Manusia dalam recorded by the Minister of Law and Human Rights
surat keputusannya No. AHU-AH.01.03-0238595. in his decision letter No. AHU-AH.01.03-0238595.
Perubahan Anggaran Dasar dilakukan untuk The amendment of the Articles of Association was
meningkatkan modal ditempatkan dan modal made to increase the issued and paid-up capital of
disetor Perusahaan dari Rp447.902.047.850 the Company from Rp447,902,047,850 to
menjadi sebesar Rp448.011.354.300, di mana Rp448,011,354,300, in which the additional paid-up
penambahan setoran sebesar Rp109.306.450 capital amounting to Rp109,306,450 was the result
merupakan hasil pelaksanaan konversi Waran Seri of conversion of Series I Warrants from January 1,
I dari tanggal 1 Januari 2020 sampai dengan 2020 to June 2, 2020.
tanggal 2 Juni 2020.
190
PT Medco Energi Internasional Tbk 2024 Annual Report
351
349
Page 354
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM (lanjutan) 31. CAPITAL STOCK (continued)
Pemegang saham Perusahaan menyetujui The shareholders of the Company have approved
penambahan modal ditempatkan dan disetor to increase issued and paid-up capital of the
Perusahaan dengan memberikan (i) Hak Memesan Company by providing (i) Pre-Emptive Rights, issue
Efek Terlebih Dahulu (HMTED), untuk a total of 4,450,000 shares with nominal value of
mengeluarkan sebanyak-banyaknya 4.450.000 Rp25 per share, which will be conducted after the
saham dengan nilai nominal Rp25 per saham, yang Company obtain the Letter of Effectivity and (ii)
akan dilakukan setelah efektifnya Pernyataan Warrants, issue a total of 4,450,000 shares with
Pendaftaran dan (ii) Waran, untuk mengeluarkan nominal value of Rp25 per share thus, the total
sebanyak-banyaknya 4.450.000 saham dengan number of shares to be issued by Company is
nilai nominal Rp25 per saham, sehingga jumlah 8,900,000 shares with nominal value of Rp25 per
saham yang akan diterbitkan Perusahaan adalah shares.
sebanyak-banyaknya 8.900.000 saham dengan
nilai nominal Rp25 per saham.
Pada tanggal 31 Agustus 2020, Perusahaan On August 31, 2020, the Company obtained
menerima pernyataan efektif dari Otoritas Jasa effective letter from Financial Services Authority
Keuangan terkait rencana Penawaran Umum related to the Limited Public Offering III to the
Terbatas III kepada para pemegang saham shareholders of the Company through the Issuance
Perusahaan dalam rangka penerbitan Hak of Pre-Emptive Rights (“PUT III HMETD”) with
Memesan Efek Terlebih Dahulu (“PUT III HMETD“) maximum 7,500,000,000 ordinary registered shares
atas maksimum 7.500.000.000 lembar saham biasa or 41.85% of the Company’s issued and paid-up
atau sebesar 41,85% dari modal ditempatkan dan capital with exercise price of Rp250 per share. The
disetor penuh Perusahaan dengan harga Company generated funds amounting to
pelaksanaan Rp250 per lembar saham. Rp1,785,487,886,250 (before deduction of
Perusahaan memperoleh dana sebesar transaction cost) through this PUT III HMETD on
Rp1.785.487.886.250 (sebelum dikurangi biaya the realization of the issuance of 7,141,951,545
transaksi) melalui PUT III HMETD atas realisasi new shares. The Company has received all funds
penerbitan 7.141.951.545 saham baru. Perusahaan from PUT III HMETD in September 2020.
telah menerima seluruh dana dari PUT III HMETD
pada bulan September 2020.
Pada tanggal 5 Oktober 2020, Perusahaan telah On October 5, 2020, The Company has changed
mengubah ketentuan Waran Seri I sebagaimana the clause of Series I Warrants as stated in the
tercantum dalam Akta Perubahan I dan Pernyataan Deed of Amendment I and Restatement of the
Kembali Atas Pernyataan Penerbitan Waran Seri I Statement of Issuance of Series I Warrants in the
Dalam Rangka Penawaran Umum Terbatas II yang event of a Limited Public Offering II which was held
telah dilaksanakan tanggal 20 November 2017 on November 20, 2017 in connection with The
sehubungan dengan Perusahaan telah menerima Company has received letter of effectivity from
pernyataan efektif dari Otoritas Jasa Keuangan Financial Services Authority regarding limited public
terkait rencana Penawaran Umum Terbatas III offering III to the shareholders (“PUT III HMETD”).
kepada para pemegang saham Perusahaan (“PUT Therefore, the adjustment price for Series I
III HMETD”). Dengan demikian, harga penyesuaian Warrants is from Rp675 per share to Rp581 per
Waran Seri I adalah semula Rp675 per saham share effective on October 5, 2020.
menjadi Rp581 per saham efektif per tanggal 5
Oktober 2020.
Anggaran Dasar Perusahaan telah mengalami The Company’s Articles of Association has been
perubahan berdasarkan Akta Notaris No. 27 amended based on Notarial Deed No. 27 dated
tanggal 9 Februari 2021, yang telah diterima dan February 9, 2021, which has been accepted and
dicatat oleh Menteri Hukum dan Hak Asasi Manusia recorded by the Minister of Law and Human Rights
dalam surat No. AHU-AH.01.03-0089920 TH 2021. in letter No. AHU-AH.01.03-0089920 TH 2021. The
Perubahan Anggaran Dasar dilakukan untuk amendment of the Articles of Association was made
meningkatkan modal ditempatkan dan modal to increase the issued and paid up capital of the
disetor Perusahaan dari Rp448.011.354.300 Company from Rp448,011,354,300 to
menjadi sebesar Rp626.560.142.925, di mana Rp626,560,142,925, in which the additional paid-up
penambahan setoran sebesar Rp178.548.788.625 capital amounting to Rp178,548,788,625 was the
merupakan hasil pelaksanaan PUT III dengan result of the exercise of PUT III with HMETD.
HMETD.
352
350 PT Medco Energi Internasional Tbk 2024 Annual Report
191
Page 355
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM (lanjutan) 31. CAPITAL STOCK (continued)
Anggaran Dasar Perusahaan telah mengalami The Company’s Articles of Association has been
perubahan berdasarkan Akta Notaris No. 39 amended based on Notarial Deed No. 39 dated
tanggal 15 Februari 2021, yang telah diterima dan February 15, 2021, which has been accepted and
dicatat oleh Menteri Hukum dan Hak Asasi Manusia recorded by the Minister of Law and Human Rights
dalam surat keputusannya No. AHU- in his decision letter No. AHU-AH.01.03-0098327.
AH.01.03-0098327. Perubahan Anggaran Dasar The amendment of the Articles of Association was
dilakukan untuk meningkatkan modal ditempatkan made to increase the issued and paid-up capital of
dan modal disetor Perusahaan dari the Company from Rp626,560,142,925 to
Rp626.560.142.925 menjadi sebesar Rp628,405,781,300, in which the additional paid-up
Rp628.405.781.300, di mana penambahan setoran capital amounting to Rp1,845,638,375 was the
sebesar Rp1.845.638.375 merupakan hasil result of conversion of Series I Warrants from June
pelaksanaan konversi Waran Seri I dari tanggal 2 2, 2020 to December 11, 2020.
Juni 2020 sampai dengan tanggal 11 Desember
2020.
Pada tanggal 6 Juli 2021, Perusahaan On July 6, 2021, the Company announced its plan
mengumumkan rencana untuk membeli kembali to buy back up to 0.8% of its paid-up capital. For
maksimum sebanyak 0,8% dari jumlah saham this buy-back program, the Company set aside
Perusahaan yang telah diterbitkan. Dana yang funds in the amount of Rp130.5 billion. The buy-
dicadangkan untuk melakukan program pembelian back program will be conducted within a period of
kembali saham ini adalah sebesar Rp130,5 milyar. 18 months from the announcement. During 2021,
Program ini akan dilakukan dalam kurun waktu 18 the Company had repurchased 190,000,000 shares
bulan setelah pengumuman tersebut. Selama tahun for the total cost of Rp95,245,934,189 (equivalent to
2021, Perusahaan telah melakukan pembelian US$6,659,577).
kembali sebanyak 190.000.000 lembar saham
dengan nilai sebesar Rp95.245.934.189 (setara
dengan AS$6.659.577).
Berdasarkan Akta Notaris Leolin Jayayanti, S.H., Based on Notarial Deed of Leolin Jayayanti, S.H.,
M.Kn No. 86 tanggal 30 Agustus 2021, yang telah M.Kn No. 86 dated August 30, 2021, which has
disetujui oleh Menteri Hukum dan Hak Asasi been approved by the Minister of Law and Human
Manusia dalam surat keputusannya No. Rights in his decision letter no.
AHU-0051458.AH.01.02 tanggal 22 September AHU-0051458.AH.01.02 dated September 22,
2021, Perusahaan mengubah Anggaran Dasar 2021, the Company amended its Article of
terkait peningkatan modal dasar dari semula Association to increase the authorized capital from
Rp950.000.000.000 yang terbagi atas Rp950,000,000,000 consisting of 38,000,000,000
38.000.000.000 lembar saham biasa, dengan nilai ordinary registered shares with par value of Rp25,
nominal Rp25, menjadi Rp1.375.000.000.000 yang to become Rp1,375,000,000,000 consisting of
terbagi atas 55.000.000.000 lembar saham biasa, 55,000,000,000 ordinary registered shares with par
dengan nilai nominal Rp25. value of Rp25.
Berdasarkan persetujuan pemegang saham dalam Following shareholders approval in Annual General
Rapat Umum Pemegang Saham Tahunan, Meeting of Shareholders, the Company had started
Perusahaan melakukan program pembelian saham the shares buyback program. During 2024, the
kembali. Selama tahun 2024, Perusahaan telah Company had repurchased its outstanding shares
melakukan pembelian kembali atas saham beredar from the market with amount of 67,449,900 shares.
di pasar sebesar 67.449.900 lembar saham.
192
PT Medco Energi Internasional Tbk 2024 Annual Report
353
351
Page 356
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
31. MODAL SAHAM (lanjutan) 31. CAPITAL STOCK (continued)
Selama tahun 2024, Perusahaan telah melakukan During 2024, the Company has transferred
transfer 102.728.180 lembar saham (setara dengan 102,728,180 shares (equivalent to US$7,300,038)
AS$7.300.038) yang berasal dari saham treasuri from the Company treasury shares in connection
sehubungan dengan pelaksanaan Program with the execution of the Management Share Award
Pemberian Saham Manajemen dan Program Program and Employee Share Award Program
Pemberian Saham Karyawan (Catatan 32). (Note 32).
Selama tahun 2023, Perusahaan telah melakukan During 2023, the Company has transferred
transfer 69.466.987 lembar saham (setara dengan 69,466,987 shares (equivalent to US$4,220,157)
AS$4.220.157) yang berasal dari saham treasuri from the Company treasury shares in connection
sehubungan dengan pelaksanaan Program with the execution of the Management Share Award
Pemberian Saham Manajemen dan Program Program and Employee Share Award Program
Pemberian Saham Karyawan (Catatan 32). (Note 32).
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM BASED PAYMENT
Tambahan Modal Disetor Additional Paid-In Capital
Akun ini terdiri dari: This account consists of:
2024 2023
Penjualan 22.000.000 saham melalui
penawaran umum perdana kepada Sale of 22,000,000 shares through
masyarakat pada tahun 1994 33.500.000 33.500.000 initial public offering in 1994
Penjualan kembali saham 1.073.325 1.073.325 Resale of shares
Pembagian saham bonus pada tahun
1998 (32.254.579) (32.254.579) Distribution of bonus shares in 1998
Penerbitan 321.730.290 saham
melalui penawaran umum terbatas I Issuance of 321,730,290 shares
kepada pemegang saham pada through rights offering I to
tahun 1999 139.908.988 139.908.988 shareholders in 1999
Penurunan modal disetor dari saham Deduction of additional paid-in capital
treasuri (55.117.723) (50.152.335) on treasury stock
Penjualan kembali saham treasuri 74.812.936 74.812.936 Resale of treasury stock
Pembayaran berbasis saham 31.125.386 23.825.348 Share-based payment
Pembagian saham treasuri sebagai Distribution of treasury shares under
Share Award Program (3.222.730) (2.724.953) Share Award Program
Penerbitan saham melalui PUT II
HMETD, setelah dikurangi biaya Issuance of shares through PUT II
transaksi 183.530.378 183.530.378 HMETD, net of transaction cost
Agio dari pelaksanaan waran (Catatan Premium from exercise of warrants
31) 11.139.284 11.139.284 (Note 31)
Selisih transaksi dengan entitas Difference in transaction with entity
sepengendali 5.696.682 5.696.682 under common control
Penerbitan 7.141.951.545 saham Issuance of 7,141,951,545 shares
melalui PUT III HMETD, setelah through PUT III HMETD, net of
dikurangi biaya transaksi 107.884.145 107.884.145 transaction cost
Jumlah 498.076.092 496.239.219 Total
354
352 PT Medco Energi Internasional Tbk 2024 Annual Report
193
Page 357
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM (lanjutan) BASED PAYMENT (continued)
Pembayaran Berbasis Saham Share-Based Payment
Program ini terdiri atas berbagai jenis kompensasi The program involves different types of share-
berbasis saham yang hanya dapat diselesaikan based compensation which can only be settled by
dengan ekuitas (yaitu saham treasuri yang dimiliki equity (i.e. the treasury shares held by the
oleh Perusahaan). Jenis-jenis kompensasi berbasis Company). The types of share-based compensation
saham adalah sebagai berikut: are as follows:
a. Program Pemberian Saham Manajemen a. Management Shares Award Program (MSAP)
(MSAP)
Blocked Share Program adalah program yang Blocked Share Program is applicable program
berlaku untuk Dewan Direksi dan Manajemen for Board of Directors and Senior Management
Senior Perusahaan. Jumlah saham yang of the Company. The number of shares
diberikan akan disesuaikan dalam hal terdapat awarded will be adjusted in case there is rights
hak memesan efek terlebih dahulu (rights issue, bonus shares issue and stock split.
issue), penerbitan saham bonus dan
pemecahan saham.
Unblocked Share Program-executive level Unblocked Share Program-executive level is
berlaku bagi Dewan Direksi, Dewan Komisaris applicable for Board of Directors, Board of
dan Manajemen Senior Perusahaan. Commissioners and Senior Management of the
Company.
Unblocked Share Program-senior management Unblocked Share Program-senior management
level berlaku untuk Manajemen Senior level is applicable for the Company’s senior
Perusahaan yang bekerja di Perusahaan atau management who are working at the Company
diperbantukan pada entitas anak Grup. or seconded to the Group’s subsidiaries.
b. Program Pemberian Saham Karyawan b. Employee Shares Award Program (ESAP)
(ESAP)
ESAP berlaku untuk karyawan Perusahaan dan ESAP is applicable for the eligible employees of
PT Medco E & P Indonesia ("MEPI"), entitas the Company and PT Medco E & P Indonesia
anak yang dimiliki sepenuhnya, yang memenuhi (“MEPI”), wholly owned subsidiary, who are
syarat, baik mereka yang bekerja di working in either the Company or seconded to
Perusahaan atau diperbantukan pada entitas other subsidiaries or affiliates of the Group
anak atau entitas asosiasi Grup. Karyawan based on certain criteria. For the employee to
yang berhak menerima sejumlah saham dari be entitled to receive the number of shares
setiap tahap, setiap karyawan yang berhak available in each tranche, the respective
harus tetap bekerja sampai dengan tanggal employee must remain in service up to each
vesting masing-masing atau karyawan akan vesting date, otherwise, the employee forfeits
kehilangan hak untuk menerimanya. the rights to receive them.
Pemberian saham dapat dilaksanakan pada The shares award will be executed on or after
atau setelah tanggal vesting dengan the vesting date by issuing the treasury shares
menerbitkan saham treasuri yang dimiliki held by the Company to the shares accounts of
Perusahaan ke rekening saham masing-masing each respective person. Accelerating vesting
karyawan. Percepatan penerimaan saham period can be considered if any of following
dapat dipertimbangkan apabila: (1) pensiun, (2) events occurred: (1) retirement, (2) termination
pemutusan hubungan kerja dikarenakan kondisi due to medical condition, (3) death or
kesehatan, (3) kematian atau disabilitas permanent disabilities, (4) change of control,
permanen, (4) perubahan kontrol, dan (5) and (5) employee rationalization.
rasionalisasi karyawan.
194
PT Medco Energi Internasional Tbk 2024 Annual Report
355
353
Page 358
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM (lanjutan) BASED PAYMENT (continued)
Informasi lain mengenai pembayaran berbasis Further information relating to share-based
saham adalah sebagai berikut: payment are as follows:
Bentuk Jumlah penghargaan
Penghargaan kepada/ program/ saham/ Tanggal pemberian/ Tanggal Vesting/
Awarded to Type of Number of Shares Grant Date Vesting Date
Program Awarded
Unblocked 21.924.000 saham/ 9 Januari 2023/ Vest pada tanggal pemberian/
Share – 21,924,000 shares January 9, 2023 Vested immediately
Executive level
11.697.350 saham/ 15 Juni 2023/ Vest pada tanggal pemberian/
11,697,350 shares June 15, 2023 Vested immediately
26.006.000 saham/ 9 Januari 2024/ Vest pada tanggal pemberian/
26,006,000 shares January 9, 2024 Vested immediately
14.799.420 saham/ 30 Mei 2024/ Vest pada tanggal pemberian/
14,799,420 shares May 30, 2024 Vested immediately
21.924.000 saham/ 12 Desember 2024/ Vest pada tanggal pemberian/
21,924,000 shares December 12, 2024 Vested immediately
4.082.000 saham/ 12 Desember 2024/ Vest pada tanggal pemberian/
4,082,000 shares December 12, 2024 Vested immediately
Manajemen/
Management Unblocked 3.276.000 saham/ 9 Januari 2023/ Vest pada tanggal pemberian/
Management Share Share – Senior 3,276,000 shares January 9, 2023 Vested immediately
Award Program management
8.226.560 saham/ 15 Juni 2023/ Vest pada tanggal pemberian/
level
8,226,560 shares June 15, 2023 Vested Immediately
4.234.000 saham/ 9 Januari 2024/ Vest pada tanggal pemberian/
4,234,000 shares January 9, 2024 Vested immediately
3.583.480 saham/ 30 Mei 2024/ Vest pada tanggal pemberian/
3,583,480 shares May 30, 2024 Vested immediately
203.730 saham/ 3 Juli 2024/ Vest pada tanggal pemberian/
203,730 shares July 3, 2024 Vested Immediately
3.276.000 saham/ 12 Desember 2024/ Vest pada tanggal pemberian/
3,276,000 shares December 12, 2024 Vested immediately
958.000 saham/ 12 Desember 2024/ Vest pada tanggal pemberian/
958,000 shares December 12, 2024 Vested immediately
356
354 PT Medco Energi Internasional Tbk 2024 Annual Report
195
Page 359
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
32. TAMBAHAN MODAL DISETOR DAN 32. ADDITIONAL PAID-IN CAPITAL AND SHARE-
PEMBAYARAN BERBASIS SAHAM (lanjutan) BASED PAYMENT (continued)
Informasi lain mengenai pembayaran berbasis Further information relating to share-based
saham adalah sebagai berikut: (lanjutan) payment are as follows: (continued)
Bentuk Jumlah penghargaan
Penghargaan kepada/ program/ saham/ Tanggal pemberian/ Tanggal Vesting/
Awarded to Type of Number of Shares Grant Date Vesting Date
Program Awarded
21.291.000 saham 1 Juni 2023/ Vest dalam tiga tahapan:/
setelah dikurangi June 1, 2023 Vest in three phases:
oleh pembatalan
sebanyak 366.500 Tahap 1: 1 Juni 2024/
saham/ Phase 1: June 1, 2024
21,291,000 shares after
deduction of Tahap 2: 1 Juni 2025/
cancellation amounting Phase 2: June 1, 2025
to 366,500 shares
Tahap 3: 1 Juni 2026/
Phase 3: June 1, 2026
315.000 saham/ 1 Desember 2023/ Vest dalam tiga tahapan:/
315,000 shares December 1, 2023 Vest in three phases:
Tahap 1: 1 Desember 2024/
Karyawan/Employee Phase 1: December 1, 2024
Employee Share
Award Program Tahap 2: 1 Desember 2025/
Phase 2: December 1, 2025
Tahap 3: 1 Desember 2026/
Phase 3: December 1, 2026
14.996.500 saham/ 1 Juni 2024/ Vest dalam tiga tahapan:/
14,996,500 shares June 1, 2024 Vest in three phases:
Tahap 1: 1 Juni 2025/
Phase 1: June 1, 2025
Tahap 2: 1 Juni 2026/
Phase 2: June 1, 2026
Tahap 3: 1 Juni 2027/
Phase 3: June 1, 2027
Beban yang diakui pada tahun pelaporan adalah The expenses recognized for each of the year are
sebagai berikut: as follows:
2024 2023
Program Pemberian Saham
Manajemen Management Share Award Program
- Unblocked share senior Unblocked share -
management level 949.104 739.220 senior management level
- Unblocked share executive level 5.091.208 2.302.806 Unblocked share - executive level
Program Pemberian Saham
Karyawan 1.259.726 1.178.131 Employee Share Award Program
Jumlah 7.300.038 4.220.157 Total
196
PT Medco Energi Internasional Tbk 2024 Annual Report
357
355
Page 360
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
33. DAMPAK PERUBAHAN TRANSAKSI EKUITAS 33. EFFECTS OF CHANGES IN EQUITY
ENTITAS ANAK/ENTITAS ASOSIASI TRANSACTIONS OF SUBSIDIARIES/
ASSOCIATES
Pada tanggal 31 Desember 2024 dan 2023, akun As of December 31, 2024 and 2023, this account
ini terutama merupakan selisih dari penambahan mainly represents difference in additional ownership
kepemilikan kepentingan non-pengendali dan of non-controlling interest and changes in equity
perubahan transaksi ekuitas entitas anak/asosiasi. transactions of subsidiaries/associates.
34. PENDAPATAN 34. REVENUES
Di bawah ini adalah disagregasi pendapatan grup Set out below is the disaggregation of the Group’s
dari kontrak dengan pelanggan dan sewa dan total revenue from contracts with customers and
pendapatan bunga untuk tahun yang berakhir pada total lease and finance income for the year ended
tanggal 31 Desember 2024 dan 2023: December 31, 2024 and 2023:
a. Berdasarkan tipe barang atau jasa a. By type of good or service
2024
Kontrak
operasi dan Jumlah
Kontrak jasa penjualan
Kontrak penjualan pelayanan/ Kontrak dari kontrak/ Sewa dan
penjualan listrik/Sales Operation penjualan Total pendapatan
minyak dan Kontrak of and jasa lainnya/ Revenue bunga/
gas bumi/Oil konstruksi/ electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan with customers
Kontrak penjualan Oil and gas sales
minyak dan gas bumi 2.178.006.390 – – – – 2.178.006.390 – 2.178.006.390 contract
Kontrak konstruksi – 80.607.801 – – – 80.607.801 – 80.607.801 Construction contract
Sales of electricity power
Kontrak penjualan listrik – – 47.046.274 – – 47.046.274 – 47.046.274 contracts
Operation and
Kontrak operasi dan jasa maintenance
pelayanan – – – 29.137.872 – 29.137.872 – 29.137.872 contracts
Kontrak penjualan jasa
lainnya – – – – 14.612.380 14.612.380 – 14.612.380 Other service contract
Jumlah pendapatan dari Total revenue from
kontrak 2.178.006.390 80.607.801 47.046.274 29.137.872 14.612.380 2.349.410.717 – 2.349.410.717 contracts
Lease of electricity
Sewa pembangkit listrik – – – – – – 10.025.500 10.025.500 power plant
Pendapatan bunga dari Finance income from
jasa konsesi – – – – – – 37.807.226 37.807.226 service concession
Pendapatan bunga dari Finance income from
sewa – – – – – – 1.947.112 1.947.112 lease
Jumlah pendapatan sewa Total lease and finance
dan bunga – – – – – – 49.779.838 49.779.838 income
Jumlah 2.178.006.390 80.607.801 47.046.274 29.137.872 14.612.380 2.349.410.717 49.779.838 2.399.190.555 Total
358
356 PT Medco Energi Internasional Tbk 2024 Annual Report
197
Page 361
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
34. PENDAPATAN (lanjutan) 34. REVENUES (continued)
Di bawah ini adalah disagregasi pendapatan grup Set out below is the disaggregation of the Group’s
dari kontrak dengan pelanggan dan sewa dan total revenue from contracts with customers and
pendapatan bunga untuk tahun yang berakhir pada total lease and finance income for the year ended
tanggal 31 Desember 2024 dan 2023: (lanjutan) December 31, 2024 and 2023: (continued)
a. Berdasarkan tipe barang atau jasa (lanjutan) a. By type of good or service (continued)
2023
Kontrak
operasi dan Jumlah
Kontrak jasa penjualan
Kontrak penjualan pelayanan/ Kontrak dari kontrak/ Sewa dan
penjualan listrik/Sales Operation penjualan Total pendapatan
minyak dan Kontrak of and jasa lainnya/ Revenue bunga/
gas bumi/Oil konstruksi/ electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pendapatan dari kontrak Revenue from contracts
dengan pelanggan with customers
Kontrak penjualan Oil and gas sales
minyak dan gas bumi 1.959.199.242 – – – – 1.959.199.242 – 1.959.199.242 contract
Kontrak konstruksi – 163.491.839 – – – 163.491.839 – 163.491.839 Construction contract
Sales of electricity
Kontrak penjualan listrik – – 48.792.458 – – 48.792.458 – 48.792.458 power contracts
Operation and
Kontrak operasi dan jasa maintenance
pelayanan – – – 25.470.325 – 25.470.325 – 25.470.325 contracts
Kontrak penjualan jasa
lainnya – – – – 7.704.333 7.704.333 – 7.704.333 Other service contract
Jumlah pendapatan dari Total revenue from
kontrak 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 – 2.204.658.197 contracts
Lease of electricity
Sewa pembangkit listrik – – – – – – 11.867.340 11.867.340 power plant
Pendapatan bunga dari Finance income from
jasa konsesi – – – – – – 31.274.606 31.274.606 service concession
Pendapatan bunga dari Finance income from
sewa – – – – – – 1.537.435 1.537.435 lease
Jumlah pendapatan sewa Total lease and finance
dan bunga – – – – – – 44.679.381 44.679.381 income
Jumlah 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 Total
198
PT Medco Energi Internasional Tbk 2024 Annual Report
359
357
Page 362
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
34. PENDAPATAN (lanjutan) 34. REVENUES (continued)
b. Berdasarkan pasar geografis b. By geographic market
2024
Kontrak
operasi dan
jasa Total
Kontrak Kontrak pelayanan/ Kontrak penjualan Sewa dan
penjualan penjualan Operation penjualan dari kontrak/ pendapatan
minyak dan Kontrak listrik/Sales and jasa lainnya/ Total bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other revenue from Lease and
and gas Construction power service service contract with finance
contract contract contract contract contract customers income Jumlah/Total
Pasar Geografis Geographic Market
Indonesia 894.230.596 80.607.801 47.046.274 29.137.872 14.612.380 1.065.634.923 49.645.276 1.115.280.199 Indonesia
Luar negeri 1.283.775.794 – – – – 1.283.775.794 134.562 1.283.910.356 Foreign
Jumlah 2.178.006.390 80.607.801 47.046.274 29.137.872 14.612.380 2.349.410.717 49.779.838 2.399.190.555 Total
2023
Kontrak
operasi dan
jasa Kontrak Total
Kontrak Kontrak pelayanan/ penjualan penjualan Sewa dan
penjualan penjualan Operation jasa dari kontrak/ pendapatan
minyak dan Kontrak listrik/Sales and lainnya/ Total revenue bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pasar Geografis Geographic Market
Indonesia 1.027.493.911 163.491.839 48.792.458 25.470.325 7.704.333 1.272.952.866 44.329.953 1.317.282.819 Indonesia
Luar negeri 931.705.331 – – – – 931.705.331 349.428 932.054.759 Foreign
Jumlah 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 Total
Waktu pengakuan pendapatan didasarkan pada Timing of revenue recognition is based on the
pemenuhan kewajiban kinerja, baik pada titik satisfaction of the performance obligation, either
waktu tertentu atau sepanjang waktu. at a point in time or over time. Generally, the
Umumnya, pendapatan dari kontrak dengan revenue from contracts with customers on oil
pelanggan atas minyak dan gas dan penjualan and gas and sales of electricity power are
tenaga listrik diakui pada suatu waktu, recognized at a point in time, while construction,
sedangkan konstruksi dan operasi dan operation and maintenance and other services
pemeliharaan serta jasa lainnya diakui dari are recognized over time.
sepanjang waktu.
Di bawah ini adalah rekonsiliasi pendapatan Set out below is reconciliation of the revenue
dari kontrak dengan pelanggan dengan jumlah from contracts with customers with the amounts
yang diungkapkan dalam informasi segmen disclosed in the segment information for the
untuk tahun yang berakhir pada tanggal 31 year ended December 31, 2024 and 2023:
Desember 2024 dan 2023:
2024
Kontrak Total
operasi dan penjualan
jasa dari kontrak/
Kontrak Kontrak pelayanan/ Kontrak Total Sewa dan
penjualan penjualan Operation penjualan revenue pendapatan
minyak dan Kontrak listrik/Sales and jasa lainnya/ from bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other contract Lease and
and gas Construction power service service with finance Jumlah/
contract contract contract contract contract customers income Total
Pelanggan Customers
Pelanggan eksternal 2.178.006.390 80.607.801 47.046.274 29.137.872 14.612.380 2.349.410.717 49.779.838 2.399.190.555 External customers
Antar segmen 337.100.074 – 12.116 – 20.953.518 358.065.708 – 358.065.708 Inter-segment
Jumlah 2.515.106.464 80.607.801 47.058.390 29.137.872 35.565.898 2.707.476.425 49.779.838 2.757.256.263 Total
Penyesuaian dan eliminasi Inter-segment adjustment
antar segmen (337.100.074) – (12.116) – (20.953.518) (358.065.708) – (358.065.708) and elimination
Jumlah 2.178.006.390 80.607.801 47.046.274 29.137.872 14.612.380 2.349.410.717 49.779.838 2.399.190.555 Total
360
358 PT Medco Energi Internasional Tbk 2024 Annual Report
199
Page 363
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
34. PENDAPATAN (lanjutan) 34. REVENUES (continued)
b. Berdasarkan pasar geografis (lanjutan) b. By geographic market (continued)
2023
Kontrak
operasi dan
jasa Total
Kontrak Kontrak pelayanan/ Kontrak penjualan Sewa dan
penjualan penjualan Operation penjualan dari kontrak/ pendapatan
minyak dan Kontrak listrik/Sales and jasa lainnya/ Total revenue bunga/
gas bumi/Oil konstruksi/ of electricity maintenance Other from contract Lease and
and gas Construction power service service with finance
contract contract contract contract contract customers income Jumlah/Total
Pelanggan Customers
Pelanggan eksternal 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 External customers
Antar segmen 176.698.806 – 155.592 26.000 22.587.237 199.467.635 – 199.467.635 Inter-segment
Jumlah 2.135.898.048 163.491.839 48.948.050 25.496.325 30.291.570 2.404.125.832 44.679.381 2.448.805.213 Total
Inter-segment
Penyesuaian dan eliminasi adjustment and
antar segmen (176.698.806) – (155.592) (26.000) (22.587.237) (199.467.635) – (199.467.635) elimination
Jumlah 1.959.199.242 163.491.839 48.792.458 25.470.325 7.704.333 2.204.658.197 44.679.381 2.249.337.578 Total
c. Berdasarkan pelanggan c. By Customer
2024 2023
Pihak berelasi Related parties
PT Medco Daya Natuna 649.596 455.225 PT Medco Daya Natuna
PT Bahtera Daya Makmur 98.704 42.432 PT Bahtera Daya Makmur
PT Medco Daya Energi Nusantara 18.595 665 PT Medco Daya Energi Nusantara
PT Medco Daya Makmur 10.476 40.410 PT Medco Daya Makmur
PT Api Metra Graha – 9.010 PT Api Metra Graha
Sub-jumlah 777.371 547.742 Sub-total
Pihak ketiga Third parties
Pelanggan dalam negeri 1.114.502.828 1.316.735.077 Local customers
Pelanggan luar negeri 1.283.910.356 932.054.759 Foreign customers
Sub-jumlah 2.398.413.184 2.248.789.836 Sub-total
Jumlah 2.399.190.555 2.249.337.578 Total
Rincian pendapatan dari pelanggan yang The details of revenues from customers which
melebihi 10% dari jumlah pendapatan yang exceeded 10% of the total revenues for each
dilaporkan berasal dari: year are as follows:
2024 2023
% Terhadap % Terhadap
Total Total
Pendapatan/ Pendapatan/
Jumlah/ % of Total Jumlah/ % of Total
Amount Revenue Amount Revenue
Glencore Singapore Pte. Ltd. 415.739.137 17,33% 414.436.783 18,42% Glencore Singapore Pte. Ltd.
Shell International Eastern Shell International Eastern
Trading Company 278.717.634 11,62% – –% Trading Company
PT Perusahaan Gas Negara, PT Perusahaan Gas Negara,
Tbk 267.842.921 11,16% 377.157.126 16,77% Tbk
Jumlah 962.299.692 791.593.909 Total
200
PT Medco Energi Internasional Tbk 2024 Annual Report
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359
Page 364
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
35. BEBAN POKOK PENDAPATAN DAN BIAYA 35. COST OF REVENUES AND OTHER DIRECT
LANGSUNG LAINNYA COSTS
Grup mempunyai beban-beban sebagai berikut The Group incurred the following costs to operate,
dalam mengoperasikan, memproses dan menjual process and sell its products and services:
produk dan jasanya:
a. Biaya Produksi dan Lifting a. Production and Lifting Costs
Akun ini terdiri dari: This account consists of:
2024 2023
Biaya overhead operasi lapangan 192.958.380 212.800.183 Field operations overhead
Operasi dan pemeliharaan 133.896.142 106.056.414 Operations and maintenance
Biaya kontrak minyak dan gas bumi 59.177.609 53.691.681 Cost of oil and gas contracts
Pendukung operasi 19.477.648 31.073.913 Operational support
Pipeline cost and transportation
Biaya pipa dan transportasi 11.881.812 2.262.992 fees
Jumlah 417.391.591 405.885.183 Total
b. Beban Pokok Penjualan Tenaga Listrik dan Jasa b. Cost of Electric Power Sales and Related
Terkait Lainnya Services
Akun ini terdiri dari: This account consists of:
2024 2023
Biaya konstruksi 73.055.026 138.761.782 Construction costs
Biaya produksi listrik 27.073.623 29.435.645 Electricity production costs
Operasi dan pemeliharaan 15.009.562 15.092.242 Operations and maintenance
Gaji dan imbalan 7.276.995 6.288.838 Salaries and benefits
Jumlah 122.415.206 189.578.507 Total
c. Penyusutan, Deplesi dan Amortisasi c. Depreciation, Depletion and Amortization
Akun penyusutan, deplesi dan amortisasi, This account represents depreciation,
adalah sebagai berikut: depletion and amortization for the following:
2024 2023
Operasi minyak dan gas bumi 537.201.940 445.686.346 Oil and gas operations
Tenaga listrik 6.051.572 5.970.607 Electric power
Kontrak lainnya dan jasa terkait 4.272.868 1.473.890 Other contracts and related services
Jumlah 547.526.380 453.130.843 Total
362
360 PT Medco Energi Internasional Tbk 2024 Annual Report
201
Page 365
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
35. BEBAN POKOK PENDAPATAN DAN BIAYA 35. COST OF REVENUES AND OTHER DIRECT
LANGSUNG LAINNYA (lanjutan) COSTS (continued)
Grup mempunyai beban-beban sebagai berikut The Group incurred the following costs to operate,
dalam mengoperasikan, memproses dan menjual process and sell its products and services:
produk dan jasanya: (lanjutan) (continued)
d. Beban Eksplorasi d. Exploration Expenses
Akun ini terdiri dari: This account consists of:
2024 2023
Overhead eksplorasi 6.155.824 7.979.998 Exploration overhead
Biaya geologi dan geofisika 1.214.010 – Geological and Geophysical
Sumur kering – 14.360 Dry hole
Jumlah 7.369.834 7.994.358 Total
e. Biaya Pembelian Minyak Mentah e. Cost of Crude Oil Purchases
Akun ini terdiri dari biaya pembelian minyak This account consists of cost of crude oil
mentah oleh Grup dari SKK Migas, Prime purchased by the Group from SKK Migas, Prime
Natuna Inc., PT Pertamina Hulu Energi Tomori Natuna Inc., PT Pertamina Hulu Energi Tomori
Sulawesi, PT Pertamina Hulu Energi Jambi Sulawesi, PT Pertamina Hulu Energi Jambi
Merang, PT Pertamina EP, PT Medco Daya Merang, PT Pertamina EP, PT Medco Daya
Energi Nusantara, PT Medco Daya Abadi Energi Nusantara, PT Medco Daya Abadi
Lestari, Tomori E&P Limited, Medco Daya Lestari, Tomori E&P Limited, Medco Daya
Oman Block 60 Pte Ltd dan Oman Oil Company Oman Block 60 Pte Ltd and Oman Oil Company
Exploration and Production (OOCEP) PXF B.V. Exploration and Production (OOCEP) PXF B.V.
Tidak terdapat pembelian dari satu pihak yang There were no purchases from a single vendor
melebihi 10% dari pendapatan untuk tahun which exceeded 10% of the total revenues for
yang berakhir pada tanggal 31 Desember 2024 the year ended December 31, 2024 and 2023.
dan 2023.
202
PT Medco Energi Internasional Tbk 2024 Annual Report
363
361
Page 366
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
d
36. BEBAN PENJUALAN, UMUM, DAN 36. SELLING, GENERAL AND ADMINISTRATIVE
ADMINISTRASI EXPENSES
Akun ini terdiri dari: This account consists of:
2024 2023
Umum dan administrasi General and administrative
Salaries, wages and other employee
Gaji, upah dan imbalan kerja lainnya 131.188.382 130.549.749 benefits
Honorarium profesional 17.376.525 32.869.928 Professional fees
Sewa 9.967.527 11.322.315 Rental
Jasa 9.516.824 7.439.944 Service
Penyusutan (Catatan 15 dan 16) 7.729.735 9.775.067 Depreciation (Notes 15 and 16)
Beban kontrak 5.929.924 10.674.715 Contract charges
Perawatan dan perbaikan 5.289.956 8.271.883 Repairs and maintenance
Asuransi 4.234.618 3.818.154 Insurance
Pendidikan 2.237.099 2.055.838 Education
Penyisihan/(Pemulihan) kerugian Provision/(recovery) for expected
kredit ekspektasian 6.612 (3.699.236) credit loss
Lain-lain (dibawah AS$1.000.000) 13.090.788 17.301.729 Others (each below US$1,000,000)
Sub-jumlah 206.567.990 230.380.086 Sub-total
Penjualan Selling
Perjalanan dinas 5.434.499 5.017.845 Business travel
Iklan dan promosi 4.760.464 5.773.795 Advertising and promotions
Beban jamuan 90.837 131.262 Entertainment
Beban ekspor 36.709 66.725 Export expenses
Sub-jumlah 10.322.509 10.989.627 Sub-total
Jumlah 216.890.499 241.369.713 Total
364
362 PT Medco Energi Internasional Tbk 2024 Annual Report
203
Page 367
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
37. PENDAPATAN DAN BEBAN LAIN-LAIN 37. OTHER INCOME AND OTHER EXPENSES
a. Pendapatan bunga a. Interest income
Pendapatan bunga terutama merupakan Interest income mostly represents interest
pendapatan bunga dari pinjaman pemegang income from shareholder loan of Transasia
saham Transasia Pipeline Company Ltd. Pipeline Company Ltd. (Note 14). Interest
(Catatan 14). Pendapatan bunga juga termasuk income also includes interest from advances
pendapatan bunga dari uang muka yang pertaining to crude oil transaction and interests
dikenakan bunga terkait dengan transaksi from banks and deposit.
minyak mentah, bunga bank dan deposito.
b. Pendapatan lain-lain b. Other income
Akun ini terdiri dari: This account consists of:
2024 2023
Imbalan manajemen kepada
rekanan PSC 7.700.141 5.080.900 Management fee to PSC partners
Keuntungan dari selisih nilai tukar 7.660.794 – Gain on foreign exchange
Pembalikan atas provisi dan akrual 4.436.291 – Reversal provision and accrual
Klaim asuransi 2.346.262 542.367 Insurance claim
Keuntungan dari pencairan obligasi 273.331 5.720.099 Gain on bond redemption
Klaim arbitrase – 5.138.056 Arbitration claim
Keuntungan dari divestasi – 2.221.215 Gain on divestment
Lain-lain 6.037.981 7.241.013 Others
Jumlah 28.454.800 25.943.650 Total
c. Beban lain-lain c. Other expenses
Akun ini terdiri dari: This account consists of:
2024 2023
Provisi dan Penghapusan PPN (7.339.925) (43.820.134) Provision and Write-off VAT
Penelitian dan pengembangan bisnis (5.215.944) – Business research and development
Kerugian atas penyesuaian nilai Loss on fair value adjustment on
wajar investasi dan aset keuangan investments and other financial
lainnya – (12.400.759) assets
Kerugian dari selisih nilai tukar – (3.937.901) Loss on foreign exchange
Lain-lain (8.581.027) (4.481.393) Others
Jumlah (21.136.896) (64.640.187) Total
204
PT Medco Energi Internasional Tbk 2024 Annual Report
365
363
Page 368
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN 38. TAXATION
a. Beban pajak Perusahaan dan entitas anak a. Income tax expense of the Company and its
terdiri dari sebagai berikut: subsidiaries consists of the following:
2024 2023
Operasi yang dilanjutkan Continuing Operations
Beban pajak kini Current income tax expense
Perusahaan - Tahun lalu – (1.269.886) The Company - Prior year
Entitas anak Subsidiaries
Beban pajak kini (415.024.628) (429.235.499) Current income tax expense
Penghasilan pajak 79.002.436 – Tax income
Sub-jumlah (336.022.192) (430.505.385) Sub-total
Manfaat (beban) pajak tangguhan Deferred tax benefit (expense)
Perusahaan 5.944.275 (9.548.546) The Company
Entitas anak 40.738.184 100.387.551 Subsidiaries
Sub-jumlah 46.682.459 90.839.005 Sub-total
Jumlah Beban Pajak dari Operasi Total Income Tax Expense
yang dilanjutkan (289.339.733) (339.666.380) Continuing Operations
b. Pajak Kini b. Current Income Tax
Rekonsiliasi antara laba sebelum beban pajak A reconciliation between profit before income
penghasilan dari operasi yang dilanjutkan tax expense from continuing operations per
menurut laporan laba rugi dan penghasilan consolidated statements of profit or loss and
komprehensif lain konsolidasian dan laba kena other comprehensive income and the
pajak (rugi fiskal) Perusahaan adalah sebagai Company’s taxable income (tax loss) is as
berikut: follows:
2024 2023
Laba konsolidasian sebelum beban Consolidated profit before income
pajak penghasilan dari operasi tax expense from continuing
yang dilanjutkan 671.050.389 727.853.432 operations
Penyesuaian konsolidasi 4.584.354 (10.538.885) Consolidation adjustment
Laba sebelum beban pajak Profit before income tax expense of
penghasilan entitas anak (630.048.484) (629.463.737) subsidiaries
Profit before income tax - the
Laba sebelum pajak - Perusahaan 45.586.259 87.850.810 Company
Pendapatan dividen dari entitas
Dividend income from subsidiaries
anak 157.670.668 165.808.088
Jumlah laba (rugi) sebelum pajak - Total profit (loss) before income tax -
Perusahaan 203.256.927 253.658.898 the Company
366
364 PT Medco Energi Internasional Tbk 2024 Annual Report
205
Page 369
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
b. Pajak Kini (lanjutan) b. Current Income Tax (continued)
Rekonsiliasi antara laba sebelum beban pajak A reconciliation between profit before income
penghasilan dari operasi yang dilanjutkan tax expense from continuing operations per
menurut laporan laba rugi dan penghasilan consolidated statements of profit or loss and
komprehensif lain konsolidasian dan laba kena other comprehensive income and the
pajak (rugi fiskal) Perusahaan adalah sebagai Company’s taxable income (tax loss) is as
berikut: (lanjutan) follows: (continued)
2024 2023
Perbedaan temporer Temporary differences
Keuntungan atas dilusi investasi Gain on dilution of long-term
jangka panjang – (83.839.822) investment
Keuntungan surat berharga yang Unrealized Gain on marketable
belum direalisasikan (27.707) (27.630) securities
Pembayaran berbasis saham (3.747.584) – Share-based payment
Imbalan kerja 987.017 3.003.668 Employee benefits
Penyusutan 2.073.347 2.858.319 Depreciation
Bagian laba dari entitas asosiasi (136.083.030) (59.515.606) Share of net income of associates
(Laba) rugi nilai wajar atas aset (Gain) loss on Fair Value of
keuangan (12.132.000) (45.390.405) Financial Assets
Perbedaan tetap Permanent differences
Pendapatan bunga 65.185.301 45.192.105 Interest income
Imbalan kerja lainnya – 3.156.562 Other employee benefits
Beban yang tidak dapat dikurangkan 13.960.778 22.156.118 Non-deductible expenses
Pendapatan yang dikenai pajak final (4.300.810) (2.248.375) Income subjected to final income tax
Pendapatan dividen dari entitas
anak (157.670.668) (165.808.088) Dividend income from subsidiaries
Lain-lain (2.022.106) – Others
Rugi fiskal tahun berjalan -
Perusahaan (30.520.535) (26.804.256) Tax loss for the year - the Company
Rugi fiskal tahun lalu (90.508.536) (63.704.280) Prior year tax losses
Penyesuaian terkait Adjustment related to
Tahun Pajak 2022 39.774.630 – 2022 Fiscal Year
Rugi fiskal kumulatif - Perusahaan (81.254.441) (90.508.536) Accumulated tax loss - the Company
Dikurangi pembayaran Pajak
Penghasilan di muka pasal 23 dan Less prepayment of income tax
25 18.025 10.732 article 23 and 25
Kelebihan Pajak Penghasilan Overpayment of Corporate
Badan 18.025 10.732 Income Tax
Jumlah rugi fiskal Perusahaan untuk tahun The amount of the Company’s tax loss for the
2024, sesuai dengan perhitungan di atas akan year 2024, as stated in the above, will be
dilaporkan oleh Perusahaan dalam Surat reported by the Company in its 2024 income tax
Pemberitahuan Tahunan (“SPT”) PPh badan return (“SPT”) to be submitted to the Tax Office.
tahun 2024 ke Kantor Pajak.
Jumlah rugi fiskal Perusahaan untuk tahun The amount of the Company’s tax loss for the
2023, sesuai dengan perhitungan di atas telah year 2023 as stated in the above, has been
dilaporkan oleh Perusahaan dalam Surat reported by the Company in its 2023 income tax
Pemberitahuan Tahunan (“SPT”) PPh badan return ("SPT") submitted to the Tax Office.
tahun 2023 ke Kantor Pajak.
206
PT Medco Energi Internasional Tbk 2024 Annual Report
367
365
Page 370
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
b. Pajak Kini (lanjutan) b. Current Income Tax (continued)
Berdasarkan Surat Ketetapan Pajak tahun Based on 2022 Tax Assessment Letter, in 2024,
2022, pada tahun 2024, Perusahaan telah the Company has recorded adjustment of tax
mencatat penyesuaian atas laba/rugi fiskal, losses balance for 2022 tax period to
sehingga rugi fiskal untuk tahun 2022 menjadi US$23,929,650. Furthermore, the Company
sebesar AS$23.929.650. Selain itu, Perusahaan also received Tax Underpayment Assessment
juga menerima Surat Ketetapan Pajak Kurang Letter (SKPKB) for Value Added Tax (VAT) of
Bayar (SKPKB) untuk Pajak Pertambahan Nilai December 2022 Tax Period amounting to
(PPN) untuk masa pajak Desember 2022, di Rp3,927,000 which paid on April 29, 2024.
mana terdapat jumlah kurang bayar
Perusahaan sebesar Rp3.927.000 yang
dibayarkan pada tanggal 29 April 2024.
Berdasarkan Surat Ketetapan Pajak tahun Based on 2021 Tax Assessment Letter, in 2023,
2021, pada tahun 2023, Perusahaan telah the Company has recorded adjustment of
mencatat penyesuaian atas laba/rugi fiskal, taxable income balance for 2021 tax period to
sehingga laba fiskal untuk tahun 2021 menjadi US$5,772,208 and there is additional income
sebesar AS$5.772.208 dan terdapat tambahan tax payable amounting to US$1,269,886 which
pajak penghasilan terutang sebesar recognized as current income tax expense in
AS$1.269.886 yang diakui sebagai beban pajak 2023 consolidated statement of profit or loss
kini pada laporan laba rugi dan penghasilan and other comprehensive income. Furthermore,
komprehensif konsolidasian tahun 2023. Selain the Company also received Tax Overpayment
itu, Perusahaan juga menerima Surat Ketetapan Assessment Letter (SKPLB) for Value Added
Pajak Lebih Bayar (SKPLB) untuk Pajak Tax (VAT) of December 2021 Tax Period
Pertambahan Nilai (PPN) untuk masa pajak amounting to Rp658,967,412.
Desember 2021, di mana terdapat jumlah lebih
bayar Perusahaan sebesar Rp658.967.412.
368
366 PT Medco Energi Internasional Tbk 2024 Annual Report
207
Page 371
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan c. Deferred Tax
2024
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2024/
1 Januari 2024/ Addition from discontinued comprehensive December 31,
January 1, 2024 acquisition operations income 2024
Aset Pajak Tangguhan Deferred Tax Assets
Biaya yang belum
terpulihkan 118.391.579 – (2.612.112) (4.009.892) 111.769.575 Unrecovered costs
Asset abandonment and
Liabilitas pembongkaran site restoration
dan restorasi area 13.497.181 – (871.546) (1.768.299) 10.857.336 obligations
Liabilitas sewa pembiayaan 6.509.060 – (641.377) 1.879.665 7.747.348 Finance lease liabilities
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 1.333.184 – (1.216.746) 854.005 970.443 foreign exchange
Property, plant and
Aset tetap 1.020.351 – – 8.253.379 9.273.730 equipment
Liabilitas imbalan kerja 1.003.578 – (11.434) 2.382.750 3.374.894 Employee benefit liabilities
Liabilitas kontrak 429.428 – (273.050) 66.570 222.948 Contract liabilities
Persediaan 71.932 – 112.192 (112.192) 71.932 Inventories
Penurunan nilai Pajak Impairment of Value Added
Pertambahan Nilai 28.501 – – (28.501) – Tax
Piutang Sewa Pembiayaan (105.930) – – (4.897.816) (5.003.746) Finance lease receivables
Aset minyak dan gas bumi 2.430.548 – (4.491.718) (5.084.419) (7.145.589) Oil and gas properties
Aset Hak Guna (6.335.395) – 624.425 (1.871.207) (7.582.177) Right-of-use assets
Penyesuaian nilai wajar
investasi pada entitas Fair value adjustment of
anak/ investment in
entitas asosiasi – – – 8.555.480 8.555.480 subsidiaries/ associate
Lainnya (9.811) – – (2.536.943) (2.546.754) Others
Aset Pajak Tangguhan - Net Deferred Tax Assets -
Grup - Neto 138.264.206 – (9.381.366) 1.682.580 130.565.420 the Group
208
PT Medco Energi Internasional Tbk 2024 Annual Report
369
367
Page 372
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
2024
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2024/
1 Januari 2024/ Addition from discontinued comprehensive December 31,
January 1, 2024 acquisition operations income 2024
Liabilitas Pajak Deferred Tax Liabilities
Tangguhan
Aset minyak dan gas bumi (732.002.355) – – 78.736.232 (653.266.123) Oil and gas properties
Penyesuaian nilai wajar Fair value adjustment of
investasi pada entitas investment in
anak/entitas asosiasi (70.070.278) – – (5.794.430) (75.864.708) subsidiaries/ associate
Piutang sewa pembiayaan (45.379.139) – – (10.968.324) (56.347.463) Finance lease receivables
Aset Hak Guna (38.727.967) – – 12.946.895 (25.781.072) Right-of-use assets
Aset keuangan konsesi (23.579.976) – – (51.326.300) (74.906.276) Concession financial assets
Instrumen lindung nilai (11.366.356) – – (529.657) (11.896.013) Hedging instruments
Dividen anak perusahaan
yang belum Subsidiary dividends that
terdistribusikan (8.468.233) – – – (8.468.233) have not been distributed
Property, plant and
Aset tetap (196.400) – – 49.608.292 49.411.892 equipment
Pembayaran berbasis
saham (45.144) – – 14.794 (30.350) Share-based payment
Kerugian kredit
ekspektasian 27.066 – – (24.099) 2.967 Expected credit loss
Persediaan 793.014 – – 269.665 1.062.679 Inventories
Liabilitas kontrak 2.800.291 – – (597.645) 2.202.646 Contract liabilities
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 3.284.853 – – (1.001.495) 2.283.358 foreign exchange
Asset abandonment and
Liabilitas pembongkaran site restoration
dan restorasi area 8.319.272 – – (4.716.887) 3.602.385 obligations
Rugi fiskal yang dibawa ke
masa depan 12.258.393 – – (163.814) 12.094.579 Tax loss carry forward
Liabilitas imbalan kerja 13.661.365 – – (3.441.375) 10.219.990 Employee benefit liabilities
Biaya yang belum
terpulihkan 76.375.492 – – (15.212.976) 61.162.516 Unrecovered costs
Liabilitas sewa pembiayaan 80.854.571 – – (3.817.706) 77.036.865 Finance lease liabilities
Beda temporer atas
Investasi pada entitas Temporary difference from
anak dan entitas asosiasi investment in subsidiaries
yang dicatat sebagai aset which were classified as
tersedia untuk dijual – – – 4.937 4.937 assets held for sale
Lainnya 491.952 – – 507.354 999.306 Others
Liabilitas Pajak
Tangguhan - Grup - Net Deferred Tax liabilities
Neto (730.969.579) – – 44.493.461 (686.476.118) - the Group
Jumlah Beban Pajak Total Deferred Tax
Tangguhan Grup 46.176.041 Expense of the Group
Beban Pajak Tangguhan Deferred Tax Expense
dari penghasilan from other
komprehensif lain 589.504 comprehensive income
Dampak selisih kurs (83.086) Effect of foreign exchange
Beban Pajak Tangguhan Net Deferred Tax Expense
Neto dari Operasi yang from Continuing
Dilanjutkan 46.682.459 Operations
370
368 PT Medco Energi Internasional Tbk 2024 Annual Report
209
Page 373
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
2023
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2023/
1 Januari 2023/ Addition from discontinued comprehensive December 31,
January 1, 2023 acquisition operations income 2023
Aset Pajak Tangguhan Deferred Tax Assets
Biaya yang belum
terpulihkan 122.158.281 – – (3.766.702) 118.391.579 Unrecovered costs
Asset abandonment and
Liabilitas pembongkaran site restoration
dan restorasi area 13.684.183 – – (187.002) 13.497.181 obligations
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 3.067.202 – – (1.734.018) 1.333.184 foreign exchange
Property, plant and
Aset tetap 2.158.316 – – (1.137.965) 1.020.351 equipment
Penurunan nilai Pajak Impairment of Value Added
Pertambahan Nilai 1.241.973 – – (1.213.472) 28.501 Tax
Liabilitas imbalan kerja 765.659 – – 237.919 1.003.578 Employee benefit liabilities
Liabilitas kontrak 583.076 – – (153.648) 429.428 Contract liabilities
Liabilitas sewa pembiayaan 21.486.099 – – (14.977.039) 6.509.060 Finance lease liabilities
Persediaan 104.962 – – (33.030) 71.932 Inventories
Rugi fiskal yang dibawa ke
masa depan – – – – – Tax loss carryforward
Piutang Sewa Pembiayaan (10.269.993) – – 10.164.063 (105.930) Finance lease receivables
Kerugian kredit
ekspektasian – – – – – Expected credit loss
Aset Hak Guna (10.718.107) – – 4.382.712 (6.335.395) Right-of-use assets
Beda temporer atas
investasi pada entitas Temporary difference from
anak yang dicatat investment in subsidiaries
sebagai aset tersedia which were classified as
untuk dijual – – – – – assets held for sale
Aset minyak dan gas bumi (104.947.630) 86.800.074 – 20.578.104 2.430.548 Oil and gas properties
Lainnya (7.939) – – (1.872) (9.811) Others
Aset Pajak Tangguhan - Net Deferred Tax Assets -
Grup - Neto 39.306.082 86.800.074 – 12.158.050 138.264.206 the Group
210
PT Medco Energi Internasional Tbk 2024 Annual Report
371
369
Page 374
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
2023
(Dibebankan)
Aset/Liabilitas pajak Dikreditkan ke
tangguhan atas laporan laba rugi
entitas anak yang dan penghasilan
diklasifikasikan komprehensif
sebagai milik untuk lain
dijual dan operasi konsolidasian/
yang dihentikan/ (Charged)
Deferred tax assets/ Credited to
liabilities of consolidated
subsidiaries statement of
Penambahan classified as held for profit or other 31 Desember
dari akuisisi/ sale and loss and 2023/
1 Januari 2023/ Addition from discontinued comprehensive December 31,
January 1, 2023 acquisition operations income 2023
Liabilitas Pajak
Tangguhan Deferred Tax Liabilities
Aset minyak dan gas bumi (735.785.821) (86.800.074) – 90.583.540 (732.002.355) Oil and gas properties
Penyesuaian nilai wajar Fair value adjustment of
investasi pada entitas investment in
anak/entitas asosiasi (67.424.340) – – (2.645.938) (70.070.278) subsidiaries/ associate
Piutang sewa pembiayaan (35.029.544) – – (10.349.595) (45.379.139) Finance lease receivables
Aset Hak Guna (31.087.200) – – (7.640.767) (38.727.967) Right-of-use assets
Aset keuangan konsesi (19.248.002) – – (4.331.974) (23.579.976) Concession financial assets
Dividen anak perusahaan
yang belum Subsidiary dividends that
terdistribusikan (9.135.886) – – 667.653 (8.468.233) have not been distributed
Instrumen lindung nilai (5.221.824) – – (6.144.532) (11.366.356) Hedging instruments
Pembayaran berbasis
saham (45.144) – – – (45.144) Share-based payment
Kerugian kredit
ekspektasian 69.034 – – (41.968) 27.066 Expected credit loss
Persediaan 210.058 – – 582.956 793.014 Inventories
Keuntungan/kerugian mata
uang asing yang belum Unrealized gain/loss of
direalisasi 1.424.857 – – 1.859.996 3.284.853 foreign exchange
Property, plant and
Aset tetap 9.307.938 – – (9.504.338) (196.400) equipment
Rugi fiskal yang dibawa ke
masa depan 9.465.044 – – 2.793.349 12.258.393 Tax loss carry forward
Asset abandonment and
Liabilitas pembongkaran site restoration
dan restorasi area 13.648.860 – – (5.329.588) 8.319.272 obligations
Liabilitas kontrak 13.762.486 – – (10.962.195) 2.800.291 Contract liabilities
Liabilitas imbalan kerja 13.979.689 – – (318.324) 13.661.365 Employee benefit liabilities
Liabilitas sewa pembiayaan 46.110.146 – – 34.744.425 80.854.571 Finance lease liabilities
Biaya yang belum
terpulihkan 71.536.997 – – 4.838.495 76.375.492 Unrecovered costs
Lainnya (806.703) – – 1.298.655 491.952 Others
Liabilitas Pajak
Tangguhan - Grup - Net Deferred Tax liabilities
Neto (724.269.355) (86.800.074) – 80.099.850 (730.969.579) - the Group
Jumlah Beban Pajak Total Deferred Tax
Tangguhan Grup 92.257.900 Expense of the Group
Beban Pajak Tangguhan Deferred Tax Expense
dari penghasilan from other
komprehensif lain (4.767.791) comprehensive income
Dampak selisih kurs 3.348.896 Effect of foreign exchange
Beban Pajak Tangguhan Net Deferred Tax Expense
Neto dari Operasi yang from Continuing
Dilanjutkan 90.839.005 Operations
372
370 PT Medco Energi Internasional Tbk 2024 Annual Report
211
Page 375
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
c. Pajak Tangguhan (lanjutan) c. Deferred Tax (continued)
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the
aset pajak tangguhan yang tidak diakui adalah unrecognized deferred tax assets amounted to
masing-masing sebesar AS$83.330.452 dan US$83,330,452 and US$87,482,700
AS$87.482.700 dari rugi fiskal yang dapat respectively resulted from the tax losses carried
dikompensasi dan biaya yang belum forward and unrecovered costs. These tax
terpulihkan. Rugi fiskal tersebut terkait kepada losses relate to subsidiaries which have
entitas anak yang masih mengalami kerugian, incurred losses, have not yet expired and may
belum kadaluwarsa dan tidak dapat digunakan not be used to offset taxable profits elsewhere
untuk disalinghapuskan dengan penghasilan in the Group and unrecovered costs that relates
kena pajak entitas lain dalam Grup dan biaya to subsidiaries involved in oil and gas
yang belum terpulihkan terkait entitas anak exploration and production which will be
yang bergerak dalam eksplorasi dan produksi recovered through sales of oil and gas when the
minyak dan gas bumi yang dapat terpulihkan production started.
melalui penjualan minyak dan gas bumi ketika
sudah berproduksi.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the Group
Grup memiliki estimasi rugi pajak sebagai has an estimated tax losses carry forward as
berikut: follows:
Tahun
kadaluwarsa/
Expiry year 2024
Tahun pajak 2024 2029 56.472.604 2024 fiscal year
Tahun pajak 2023 2028 53.976.348 2023 fiscal year
Tahun pajak 2022 2027 41.482.840 2022 fiscal year
Tahun pajak 2021 2026 33.776.966 2021 fiscal year
Tahun pajak 2020 2025 23.850.651 2020 fiscal year
Jumlah 209.559.409 Total
Tahun
kadaluwarsa/
Expiry year 2023
Tahun pajak 2023 2028 56.096.082 2023 fiscal year
Tahun pajak 2022 2027 76.192.539 2022 fiscal year
Tahun pajak 2021 2026 37.272.179 2021 fiscal year
Tahun pajak 2020 2025 28.894.577 2020 fiscal year
Tahun pajak 2019 2024 18.712.874 2019 fiscal year
Jumlah 217.168.251 Total
212
PT Medco Energi Internasional Tbk 2024 Annual Report
373
371
Page 376
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
d. Rekonsiliasi antara beban pajak dengan hasil d. A reconciliation between the income tax
perhitungan menggunakan tarif pajak statutory expense and the amount computed by applying
yang berlaku atas laba konsolidasian sebelum the statutory tax rate to consolidated profit
beban pajak penghasilan dari operasi yang before income tax expense from continuing
dilanjutkan adalah sebagai berikut: operations is as follows:
2024 2023
Laba konsolidasian sebelum beban Consolidated profit before income
pajak penghasilan dari operasi tax expense from continuing
yang dilanjutkan 671.050.389 727.853.432 operations
Beban pajak menggunakan tarif
pajak efektif yang berlaku (211.032.423) (321.398.526) Tax expense using statutory tax rate
Dampak pajak dari perbedaan tetap (130.544.913) (35.141.116) Tax effects of permanent differences
Aset pajak tangguhan yang tidak
diakui 13.688.531 5.049.715 Unrecognized deferred tax assets
Penyesuaian pajak tahun lalu – (1.269.886) Prior year tax adjustment
Beda temporer atas entitas asosiasi Temporary difference on investment
yang tidak diakui 38.377.323 13.093.433 is not recognized
Lain-lain 171.749 – Others
Beban Pajak – Neto (289.339.733) (339.666.380) Tax Expense – Net
e. Pajak Penghasilan Pilar Dua e. Pillar Two income taxes
Berbagai negara telah memberlakukan atau Various countries have enacted or intend to
bermaksud memberlakukan undang-undang enact tax legislation to comply with Pillar Two
perpajakan untuk mematuhi aturan model Pilar model rules, including Indonesia (Note 2s). The
Dua, termasuk Indonesia (Catatan 2s). Grup Group is within the scope of PMK 136/2024,
berada dalam lingkup PMK 136/2024, yang which did not impact 2024 (consolidated)
tidak berdampak pada laporan keuangan financial statements but may impact the Group’s
(konsolidasian) 2024 tetapi mungkin akan (consolidated) financial statements from
mempengaruhi laporan keuangan January 1, 2025 onward.
(konsolidasian) Grup mulai 1 Januari 2025 dan
seterusnya.
Peraturan Menteri Keuangan (“PMK”) 136/2024 Ministry of Finance Regulation (“PMK”)
diberlakukan tanggal 31 Desember 2024, dan 136/2024 is enacted on December 31, 2024,
efektif mulai pada tanggal atau setelah tanggal and will be effective for fiscal years beginning or
1 Januari 2025. PMK 136/2024 menerapkan or after January 1, 2025. PMK 136/2024 applies
mekanisme perpajakan baru yang new taxing mechanisms under which a
mensyaratkan Perusahaan Multinasional Multinational Enterprises (“MNE”) would pay a
("PMN") untuk membayar pajak tambahan di top-up tax in a jurisdiction whenever the efective
suatu yurisdiksi ketika tarif pajak efektif, yang tax rate, determined on a jurisdictional basis
ditentukan berdasarkan yurisdiksi menurut under the Pillar Two rules is below a 15%
aturan Pilar Dua, lebih rendah dari tarif minimum rate. PMK 136/2024 sets out the
minimum 15%. PMK 136/2024 menetapkan mechanics for determining which entity (or
mekanisme untuk menentukan entitas mana entities) in an MNE Group should apply the top-
(atau entitas-entitas mana) dalam Grup PMN up tax and the portion of such tax that is
yang harus menerapkan pajak tambahan charged to each relevant entity.
tersebut dan porsi pajak yang dibebankan
kepada setiap entitas terkait.
374
372 PT Medco Energi Internasional Tbk 2024 Annual Report
213
Page 377
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
38. PERPAJAKAN (lanjutan) 38. TAXATION (continued)
e. Pajak Penghasilan Pilar Dua (lanjutan) e. Pillar Two income taxes (continued)
Untuk tahun yang berakhir pada tanggal 31 For the year ended December 31, 2024, the
Desember 2024, Grup telah menerapkan Group has applied amendment to PSAK 212:
amandemen PSAK 212: Pajak Penghasilan, Income Taxes, which provides mandatory
yang memberikan pengecualian wajib temporary exception from recognizing or
sementara dari pengakuan atau pengungkapan disclosing deferred taxes related to Pillar Two
pajak tangguhan terkait aturan Pilar Dua rules such that there is no impact to the 2024
sehingga tidak ada dampak terhadap Laporan (consolidated) financial statements. The future
Keuangan (konsolidasian) 2024. Dampak masa impact of Pillar Two rules for the Group is still
depan dari aturan Pilar Dua untuk Grup masih being estimated.
dalam tahap estimasi.
Aturan model Pilar Dua adalah kompleks dan The Pillar Two model rules are complex and the
Grup sedang dalam proses untuk mengestimasi Group is still in the process of assessing
dampak potensialnya terhadap laporan potential impact to the (consolidated) financial
keuangan (konsolidasian), jika ada. statements, if any. Based on currently available
Berdasarkan informasi yang tersedia saat ini, information, the Group does not expect any
Grup tidak mengharapkan adanya dampak material impact to the (consolidated) financial
material terhadap laporan keuangan statements.
(konsolidasian).
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN
Aset tidak lancar yang diklasifikasikan sebagai Non-current assets classified as held for sale and
dimiliki untuk dijual dan operasi yang dihentikan discontinued operations
Rincian dari akun ini adalah sebagai berikut: The details of this account are as follows:
2024 2023
PT Medco E & P Simenggaris 42.420.696 – PT Medco E & P Simenggaris
PT Medco Downstream Indonesia 518.804 617.173 PT Medco Downstream Indonesia
Medco International Ventures Limited 438.842 74.007.929 Medco International Ventures Limited
Medco Energi US LLC 82.723 59.781 Medco Energi US LLC
Ophir Vietnam Blok 12W B.V. – 117.465.591 Ophir Vietnam Block 12W B.V.
Jumlah 43.461.065 192.150.474 Total
214
PT Medco Energi Internasional Tbk 2024 Annual Report
375
373
Page 378
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Liabilitas yang secara langsung berhubungan Liabilities directly associated with the non-current
dengan aset tidak lancar yang diklasifikasikan assets classified as held for sale and discontinued
sebagai dimiliki untuk dijual dan operasi yang operations
dihentikan
Rincian dari akun ini adalah sebagai berikut: The details of this account are as follows:
2024 2023
PT Medco E & P Simenggaris 9.479.551 – PT Medco E & P Simenggaris
PT Medco Downstream Indonesia 3.331.949 8.860.318 PT Medco Downstream Indonesia
Medco International Ventures Limited 1.006.199 7.929 Medco International Ventures Limited
Ophir Vietnam Blok 12W B.V. – 63.237.328 Ophir Vietnam Block 12W B.V.
Jumlah 13.817.699 72.105.575 Total
Medco Energi USA Inc. dan entitas anaknya Medco Energi USA Inc, and its subsidiaries
Pada Oktober 2018, manajemen memutuskan In October 2018, management decided to divest its
untuk melepaskan asetnya di wilayah Amerika assets on North America region. On February 7,
Utara. Pada tanggal 7 Februari 2019, Medco Energi 2019, Medco Energi US LLC (“MEUS”), wholly-
US LLC (“MEUS”), entitas anak yang secara tidak owned indirect subsidiary of the Company, signed
langsung dimiliki seluruhnya oleh Perusahaan, Asset Purchase and Sale Agreement (“the
menandatangani Asset Purchase and Sale Agreement”) with Sanare Energy Partners LLC
Agreement (“Perjanjian”) dengan Sanare Energy (“Sanare”) for the sale of Main Pass Block located
Partners LLC (“Sanare”) untuk penjualan Blok Main in Gulf of Mexico with purchase price of
Pass di teluk Meksiko dengan harga penjualan US$150,000.
sebesar AS$150.000.
Transaksi tersebut telah selesai pada tahun 2019, The transaction is completed in 2019, upon the
setelah penyelesaian penjualan, MEUS tidak completion of the sale, MEUS has no operations
memiliki operasi dan terus diklasifikasikan dan and continues to be classified and presented as
disajikan sebagai bagian dari operasi yang part of discontinued operations.
dihentikan.
PT Medco Downstream Indonesia (“MDI Grup”) PT Medco Downstream Indonesia (“MDI Group”)
Sejalan dengan tujuan dari Grup agar lebih fokus In line with the objective of the Group to focus on
mengembangkan unit usaha dengan lini bisnis the oil and gas business, as of December 31, 2024
minyak dan gas bumi, pada tanggal 31 Desember and 2023, the Group recorded its investment in PT
2024 dan 2023 Grup mencatat investasinya pada Medco Downstream Indonesia (“MDI”), PT Medco
PT Medco Downstream Indonesia (“MDI”), PT LPG Kaji (“MLK”), PT Medco Methanol Bunyu
Medco LPG Kaji (“MLK”), PT Medco Methanol (“MMB”) and PT Medco Ethanol Lampung (“MEL”)
Bunyu (“MMB”) dan PT Medco Ethanol Lampung as part of discontinued operations.
(“MEL”) sebagai bagian dari operasi yang
dihentikan.
Ophir Vietnam Blok 12W B.V. Ophir Vietnam Block 12W B.V.
Pada tanggal 19 Desember 2022, Ophir Jaguar 2 On December 19, 2022, Ophir Jaguar 2 Ltd.
Ltd. ("Penjual"), menandatangani Perjanjian Jual (“Seller”) signed a Share and Sale Purchase
Beli Saham dengan Bitexco Energy Company Agreement with Bitexco Energy Company Limited
Limited ("Pembeli"), untuk melepas 100% ("Purchaser"), to sell 100% of its shares in Ophir
kepemilikan saham di Ophir Vietnam Block 12W Vietnam Block 12W B.V.
B.V.
376
374 PT Medco Energi Internasional Tbk 2024 Annual Report
215
Page 379
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Ophir Vietnam Blok 12W B.V. (lanjutan) Ophir Vietnam Block 12W B.V. (continued)
Pada tanggal 29 Desember 2022, Grup telah On December 29, 2022, the Group has received a
menerima uang muka pembayaran sebesar down payment of US$300,000 related to the
AS$300.000 terkait transaksi di atas. transaction above.
Grup menyajikan kembali akun-akun laba rugi dan The Group re-presented the profit or loss accounts
arus kas terkait atas operasi entitas anak yaitu and cash flows pertaining to the operations of the
Ophir Vietnam Blok 12W B.V. yang sebelumnya subsidiary, which is Ophir Vietnam Block 12W B.V.
disajikan sebagai bagian dari “Operasi yang which have been previously presented under
Dilanjutkan” untuk tahun yang berakhir pada “Continuing Operations” for the year ended
tanggal 31 Desember 2023 ke Operasi yang December 31, 2023 to Discontinued Operations.
Dihentikan.
Pada tanggal 19 April 2024, Perusahaan On April 19, 2024, the Company has completed the
menyelesaikan divestasi dari seluruh sahamnya divestment of its entire share capital in Ophir
pada Ophir Vietnam Block 12W B.V. ("OVBV") Vietnam Block 12W B.V. (“OVBV”) to Bitexco
kepada Bitexco Energy Company Limited. OVBV Energy Company Limited. OVBV holds a 31.875%
memegang 31,875% partisipasi interes di Chim Sao participating interest in Chim Sao and Dua (Block
dan Dua (Block 12W), lapangan minyak dan gas 12W), the producing oil and gas field located in
yang berproduksi di Vietnam. Vietnam.
Medco International Ventures Limited (MIVL) Medco International Ventures Limited (MIVL)
Pada kuartal IV tahun 2023, Dewan Direktur In fourth quarter of 2023, the Company’s Board of
Perusahaan menyetujui pelepasan aset terkait hak, Directors approved to divest its assets in respect of
kewajiban dan kepemilikan sesuai dengan the MIVL’s right, title and interest in the Exploration
Exploration and Production Sharing Agreement and Production Sharing Agreement in respect of
terkait area kontrak 47 di Libya dan kepemilikan di Contract Area 47 in Libya and its shareholding in
Nafusah Oil Operations B.V. Nafusah Oil Operations B.V.
Manajemen telah mengklasifikasikan aset di Libya Management has classified its Libya assets as held
sebagai aset yang dimiliki untuk dijual dan for sale asset and presents its financial statement
menyajikan kinerja keuangannya sebagai bagian performance as part of discontinued operations.
dari operasi yang dihentikan.
Grup menyajikan kembali akun-akun laba rugi dan The Group re-presented the profit or loss accounts
arus kas terkait atas operasi entitas anak yaitu and cash flows pertaining to the operations of the
Medco International Ventures Limited yang subsidiary, which is Medco International Ventures
sebelumnya disajikan sebagai bagian dari “Operasi Limited which have been previously presented
yang Dilanjutkan” untuk tahun yang berakhir pada under “Continuing Operations” for the year ended
tanggal 31 Desember 2023 ke Operasi yang December 31, 2023 to Discontinued Operations.
Dihentikan.
Pada tanggal 24 Mei 2024, Medco dan National Oil On 24 May 2024, Medco and National Oil
Corporation of Libya ("NOC") telah menyelesaikan Corporation of Libya ("NOC") have completed the
pengalihan seluruh hak partisipasi Perseroan (50%) transfer of the Company’s entire (50%) participating
dalam Perjanjian Bagi Hasil Eksplorasi dan interest in the Contract Area 47 Exploration and
Produksi (“PBHEP”) di Kontrak Area 47 dan seluruh Production Sharing Agreement (“EPSA”), and its
kepemilikan saham Perseroan (24,5%) di Joint entire (24.5%) shareholding in the Joint Operating
Operating Company, Nafusah Oil Operations B.V. Company, Nafusah Oil Operations B.V
216
PT Medco Energi Internasional Tbk 2024 Annual Report
377
375
Page 380
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
PT Medco E & P Simenggaris PT Medco E & P Simenggaris
Pada kuartal III tahun 2024, Dewan Direktur In third quarter of 2024, the Company’s Board of
Perusahaan menyetujui pelepasan aset dalam Blok Directors approved to divest its assets in
Simenggaris sehingga Perusahaan memutuskan Simenggaris Block. Therefore, the Company
untuk mengklasifikasikan dan menyajikan aset dan decided to classify PT Medco E & P Simenggaris'
liabilitas PT Medco E & P Simenggaris sebagai aset assets and liabilities as available for sale in current
dan liabilitas yang dimiliki untuk dijual pada bagian portion.
lancar.
Sehubungan dengan rencana-rencana Grup As a result of the above plans, for the year ended
tersebut di atas, untuk tahun yang berakhir pada December 31, 2024 and 2023, the Group presented
tanggal 31 Desember 2024 dan 2023, Grup the profit (loss) after tax from discontinued
menyajikan laba (rugi) setelah pajak dari operasi operations as a single line item in the consolidated
yang dihentikan sebagai suatu jumlah tunggal statements of profit or loss and other
dalam laporan laba rugi dan penghasilan comprehensive income.
komprehensif lain konsolidasian.
Pada tanggal posisi keuangan pada periode As of the financial position date in the particular
diklasifikasikannya entitas-entitas dan investasi period when those entities and investments were
tersebut sebagai dimiliki untuk dijual, aset dan classified as held for sale, the assets and liabilities
liabilitas disajikan secara terpisah dalam jumlah were presented separately as single line item as
tunggal sebagai aset dan liabilitas yang dimiliki assets and liabilities held for sale from other assets
untuk dijual dari aset lain-lain dan liabilitas lain-lain and other liabilities in the consolidated statements
dalam laporan posisi keuangan konsolidasian dan of financial position and are not netted off against
tidak saling hapus satu sama lain. each other.
Pada tanggal 31 Desember 2023, Grup mengakui As of December 31, 2023, the Group recognized
kerugian atas pengukuran nilai wajar aset dikurangi loss on fair value less costs to sell amounting to
biaya untuk menjual sebesar AS$50,3 juta dan US$50.3 million and US$10.7 million related to the
AS$10,7 juta terkait dengan rencana Grup untuk intention of the Group to sell MIVL and Ophir
menjual MIVL dan Ophir Vietnam Block 12W B.V. Vietnam Block 12W B.V. Fair value measurement
Pengukuran nilai wajar untuk aset yang dimiliki for assets held for sale is using Level 3 hierarchy.
untuk dijual menggunakan hirarki tingkat 3.
378
376 PT Medco Energi Internasional Tbk 2024 Annual Report
217
Page 381
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Akun-akun laba rugi utama dari operasi yang The main profit or loss accounts of discontinued
dihentikan adalah sebagai berikut: operations are presented below:
2024 2023
Pendapatan dari kontrak dengan
pelanggan 24.158.581 65.500.192 Revenues from contract with customer
Beban pokok penjualan dan biaya
langsung lainnya (2.861.309) (23.060.341) Cost of sales and other direct costs
Laba kotor 21.297.272 42.439.851 Gross profit
Beban penjualan umum dan Selling general and administrative
administrasi (1.795.751) (708.332) expenses
Beban pendanaan (934.339) (5.333.296) Finance costs
Pendapatan bunga 42.683 59.439 Finance income
Keuntungan atas pelepasan entitas
anak 726.595 – Gain on disposal subsidiaries
Kerugian penurunan nilai aset – (61.129.083) Loss on impairment assets
Kerugian dari selisih kurs (688.254) - Loss on foreign exchange
Lainnya – neto (22.125.214) (2.190.531) Others - net
Rugi sebelum beban pajak penghasilan Loss before income tax expense from
dari operasi yang dihentikan (3.477.008) (26.861.952) discontinued operations
Beban pajak penghasilan 1.972.867 (15.556.497) Income tax expense
Rugi setelah beban pajak
penghasilan dari operasi yang Loss after income tax expense from
dihentikan (1.504.141) (42.418.449) discontinued operations
218
PT Medco Energi Internasional Tbk 2024 Annual Report
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377
Page 382
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Kelas-kelas utama dari aset dan liabilitas yang The major classes of assets and liabilities classified
dimiliki untuk dijual pada tanggal 31 Desember as held for sale as of December 31, 2024 and 2023
2024 dan 2023 adalah sebagai berikut: are presented below:
2024 2023
ASET ASSETS
Kas dan setara kas 2.443.625 10.856.681 Cash and cash equivalents
Piutang usaha Trade receivables
– Pihak ketiga 1.179.908 7.531.086 Third parties –
Piutang lain-lain Other receivables
– Pihak ketiga 3.475.259 3.820.817 Third parties –
Persediaan 898.162 10.052.690 Inventories
Investasi jangka panjang – 7.396 Long-term investment
Beban dibayar di muka 2.055 207.266 Prepaid expenses
Aset tetap – neto 518.801 532.903 Property, plant and equipment – net
Aset hak guna – neto 1.289.067 29.078.226 Right of use assets – net
Aset minyak dan gas bumi 24.251.821 191.168.610 Oil and gas properties
Aset pajak tangguhan 9.381.366 – Deferred tax asset
Aset lain-lain 21.001 23.882 Other assets
Aset yang dimiliki untuk dijual 43.461.065 253.279.557 Assets held for sale
LIABILITAS LIABILITIES
Utang usaha pihak ketiga 1.045.328 14.077.451 Trade payables third parties
Utang lain-lain 2.694.670 1.943 Other payables
Utang pajak 118.220 3.148.401 Taxes payable
Biaya akrual 6.173.682 8.379.175 Accrued expenses
Liabilitas sewa 1.184.445 21.417.162 Lease liabilities
Liabilitas kontrak 620.569 – Contract liabilities
Liabilitas pajak tangguhan – 16.579.203 Deferred tax liabilities
Liabilitas pembongkaran aset dan restorasi Asset abandonment and site restoration
area dan provisi lain-lain 1.980.785 8.502.240 obligations
Liabilitas yang secara langsung berhubungan Liabilities directly associated with assets held
dengan aset yang dimiliki untuk dijual 13.817.699 72.105.575 for sale
Kerugian atas pengukuran nilai wajar Impairment loss on assets recognized at fair
dikurangi biaya untuk menjual – (61.129.083) value less cost to sell
(Liabilitas)/aset neto yang secara langsung
berhubungan dengan yang dimiliki untuk Net (liabilities)/assets directly associated
dijual atau pelepasan grup 29.643.366 120.044.899 with held for sale or disposal group
380
378 PT Medco Energi Internasional Tbk 2024 Annual Report
219
Page 383
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
39. ASET TIDAK LANCAR YANG 39. NON-CURRENT ASSETS CLASSIFIED AS HELD
DIKLASIFIKASIKAN SEBAGAI DIMILIKI UNTUK FOR SALE AND DISCONTINUED OPERATIONS
DIJUAL DAN OPERASI YANG DIHENTIKAN (continued)
(lanjutan)
Kelas-kelas utama dari aset dan liabilitas yang The major classes of assets and liabilities classified
dimiliki untuk dijual pada tanggal 31 Desember as held for sale as of December 31, 2024 and 2023
2024 dan 2023 adalah sebagai berikut: (lanjutan) are presented below: (continued)
Kas neto dari operasi yang dihentikan adalah The net cash flows of discontinued operations are
sebagai berikut: presented below:
2024 2023
ARUS KAS CASH FLOWS
Aktivitas operasi 3.884.547 29.826.549 Operating activities
Aktivitas investasi – (7.984.836) Investing activities
Aktivitas pendanaan – (12.045.760) Financing activities
(Penurunan)/kenaikan neto pada arus kas 3.884.547 9.795.953 Net (decrease)/increase in cashflows
40. LABA (RUGI) PER SAHAM 40. EARNINGS (LOSS) PER SHARE
a. Laba per saham a. Earnings per share
2024
Laba Tahun Berjalan
yang Diatribusikan
Kepada Pemilik Rata-rata Tertimbang
Entitas Induk/ Saham Biasa yang
Profit for the Year Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 367.358.268 25.053.803.009 0,01466 Basic earnings per share
2023
Laba Tahun Berjalan
yang Diatribusikan
Kepada Pemilik Rata-rata Tertimbang
Entitas Induk/Profit Saham Biasa yang
for the year Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 330.675.261 25.040.773.473 0,01321 Basic earnings per share
220
PT Medco Energi Internasional Tbk 2024 Annual Report
381
379
Page 384
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
40. LABA (RUGI) PER SAHAM (lanjutan) 40. EARNINGS (LOSS) PER SHARE (continued)
b. Laba per saham dari operasi yang dilanjutkan b. Earnings per share from continuing operation
2024
Laba Tahun Berjalan
dari Operasi yang
Dilanjutkan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Profit for the Year Rata-rata Tertimbang
from Continuing Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 368.862.409 25.053.803.009 0,01472 Basic earnings per share
2023
Laba Tahun Berjalan
dari Operasi yang
Dilanjutkan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Profit for the Year Rata-rata Tertimbang
from Continuing Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Laba per Saham/
Company Outstanding Share Earnings per Share
Laba per saham dasar 373.093.710 25.040.773.473 0,01490 Basic earnings per share
c. Laba (rugi) per saham dari operasi yang c. Earnings (loss) per share from discontinued
dihentikan operation
2024
Rugi Tahun Berjalan
dari Operasi yang
Dihentikan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Loss for the Year Rata-rata Tertimbang
from Discontinued Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Rugi per Saham/
Company Outstanding Share Loss per Share
Rugi per saham dasar (1.504.141) 25.053.803.009 (0,00006) Basic loss per share
2023
Rugi Tahun Berjalan
dari Operasi yang
Dihentikan yang
Diatribusikan Kepada
Pemilik Entitas Induk/
Loss for the Year Rata-rata Tertimbang
from Discontinued Saham Biasa yang
Operation Beredar/
Attributable to Equity Weighted Average
Holders of the Parent Number of Ordinary Rugi per Saham/
Company Outstanding Share Loss per Share
Rugi per saham dasar (42.418.449) 25.040.773.473 (0,00169) Basic loss per share
382
380 PT Medco Energi Internasional Tbk 2024 Annual Report
221
Page 385
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
40. LABA (RUGI) PER SAHAM (lanjutan) 40. EARNINGS (LOSS) PER SHARE (continued)
Untuk tahun yang berakhir pada tanggal 31 For the years ended December 31, 2024 and 2023,
Desember 2024 dan 2023, Perusahaan tidak the Company did not calculate diluted earnings per
menghitung laba per saham dilusian karena tidak share since there was no potentially dilutive
terdapat saham biasa yang berpotensi dilutif (anti ordinary shares (anti dilutive).
dilutif).
Jumlah rata-rata tertimbang saham The weighted average number of shares takes into
memperhitungkan efek rata-rata tertimbang dari account the weighted average effect of changes in
perubahan saham treasuri selama tahun berjalan. treasury shares during the year.
Tidak ada transaksi lain yang melibatkan saham There have been no other transactions involving
biasa maupun saham biasa potensial antara ordinary shares or potential ordinary shares
tanggal pelaporan dan pengesahan laporan between the reporting date and the date of
keuangan konsolidasian ini. authorization of these consolidated financial
statements.
41. SALDO LABA DAN DIVIDEN KAS 41. RETAINED EARNINGS AND CASH DIVIDENDS
a. Dividen Kas a. Cash Dividend
Pada tanggal 5 Juni 2023, Direksi dan Dewan On June 5, 2023, The Board of Directors and
Komisaris telah menyetujui pembagian dividen the Board of Commissioners have approved the
kas sesuai dengan hasil RUPST tertanggal 31 distribution of cash dividend as per AGMS dated
Mei 2023 sebesar AS$40.000.000 dari laba May 31, 2023 of a US$40,000,000 from the
tahun buku 2022 senilai Rp23,79 per saham. profit for the 2022 financial year in the amount
Dividen kas ini telah dibayarkan pada tanggal of Rp23.79 per shares. The cash dividends
30 Juni 2023. were paid on June 30, 2023.
Pada tanggal 17 November 2023, Direksi dan On November 17, 2023, The Board of Directors
Dewan Komisaris telah menyetujui pembagian and the Board of Commissioners have
dividen kas interim sebesar AS$24.349.636 dari approved the distribution of a US$24,349,636
laba Interim Triwulanan yang berakhir pada interim cash dividends from the profit for the
tanggal 30 September 2023 senilai Rp15 per Quarterly Interim ended on September 30, 2023
saham. Dividen kas interim telah dibayarkan in the amount of Rp15 per shares. The interim
pada tanggal 15 Desember 2023. cash dividends were paid on December 15,
2023.
Pada tanggal 3 Juni 2024, Direksi dan Dewan On June 3, 2024, The Board of Directors and
Komisaris telah menyetujui pembagian dividen the Board of Commissioners have approved the
kas sesuai dengan hasil RUPST tertanggal 30 distribution of cash dividend as per AGMS dated
Mei 2024 sebesar AS$44.866.556 dari laba May 30, 2024 of a US$44,866,556 from the
tahun buku 2023 senilai Rp29,32 per saham. profit for the 2023 financial year in the amount
Dividen kas ini telah dibayarkan pada tanggal of Rp29.32 per shares. The cash dividends
27 Juni 2024. were paid on June 27, 2024.
Pada tanggal 1 Oktober 2024, Direksi dan On October 1, 2024, The Board of Directors and
Dewan Komisaris telah menyetujui pembagian the Board of Commissioners have approved the
dividen kas interim sebesar AS$25.370.571 dari distribution of a US$25,370,571 interim cash
laba Interim Triwulanan yang berakhir pada dividend from the profit for the Quarterly Interim
tanggal 30 September 2024 senilai Rp15,75 per ended on September 30, 2024 in the amount of
saham. Dividen kas interim telah dibayarkan Rp15.75 per shares. The interim cash dividend
pada tanggal 31 Oktober 2024. were paid on October 31, 2024.
222
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383
381
Page 386
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
41. SALDO LABA DAN DIVIDEN KAS (lanjutan) 41. RETAINED EARNINGS AND CASH DIVIDENDS
(continued)
b. Saldo Laba yang Ditentukan Penggunaannya b. Appropriated Retained Earnings
Perusahaan membentuk dana cadangan umum The Company established general reserve in
sesuai dengan Undang–Undang Republik accordance with The Limited Liability Company
Indonesia No. 40 Tahun 2007 tentang Law of the Republic of Indonesia No. 40 of
Perseroan Terbatas. Pada tanggal 2007. Balance of the appropriated retained
31 Desember 2024 dan 2023, saldo laba yang earnings of the Company at December 31, 2024
dicadangkan Perusahaan adalah masing- and 2023 amounted to US$10,435,835,
masing sebesar AS$10.435.835. respectively.
42. LIABILITAS IMBALAN KERJA 42. EMPLOYEE BENEFITS LIABILITIES
a. Program Pensiun Iuran Pasti a. Defined Contribution Pension Plan
Entitas anak yang bergerak di bidang eksplorasi Subsidiaries involved in oil and gas exploration
dan produksi minyak gas bumi telah and production activities have established
menyelenggarakan program pensiun iuran pasti defined contribution pension plans covering all
untuk semua karyawan tetap lokalnya. Program their local permanent employees. These plans
ini akan memberikan manfaat pensiun yang provide pension benefits which calculated
dihitung berdasarkan gaji dan masa kerja based on salaries and years of service of the
karyawan. employees.
Program pensiun dikelola oleh Dana Pensiun The pension plans are managed by Dana
Lembaga Keuangan (DPLK), PT Bank Negara Pensiun Lembaga Keuangan (DPLK), PT Bank
Indonesia (Persero) Tbk yang akta pendiriannya Negara Indonesia (Persero) Tbk whose deeds
disetujui oleh Menteri Keuangan Republik of establishment were approved by the Minister
Indonesia dengan surat keputusannya No. Kep. of Finance of the Republic of Indonesia in his
1100/KM.17/1998 tanggal 23 November 1998 decision letters No. Kep. 1100/KM.17/1998
dan No. Kep.171-KMK/7/1993 tanggal 16 dated November 23, 1998 and No. Kep.171-
Agustus 1993, DPLK Manulife Indonesia yang KMK/7/1993 dated August 16, 1993, DPLK
telah mendapatkan pengesahan dari Menteri Manulife Indonesia were approved by the
Keuangan Republik Indonesia dengan surat Minister of Finance of the Republic of Indonesia
keputusannya No. KEP-231/KM.17/1994 in his decision letters No. KEP-231/KM.17/1994
tanggal 5 Agustus 1994, dan DPLK Allianz dated August 5, 1994, and DPLK Allianz
Indonesia, PT Asuransi Allianz Life Indonesia Indonesia, PT Asuransi Allianz Life Indonesia
yang telah mendapatkan pengesahan Menteri were approved by the Minister of Finance of the
Keuangan Republik Indonesia No. 513/ Republic of Indonesia in his decision letters No.
KMK.017/1996 tanggal 16 Agustus 1996. 513/KMK.017/1996 dated August 16, 1996.
Program pensiun tersebut didanai dengan The pension plans are funded by contributions
kontribusi baik dari Perusahaan dan entitas from both the Company and its subsidiaries at
anak masing-masing sebesar 6% dan 6% dari 6% and 6% of gross salaries and their
gaji kotor dan dari karyawan masing-masing employees at 2% or 4% and 2% to 14% of
sebesar 2% atau 4% dan 2% sampai dengan gross salaries, respectively.
14% dari gaji kotor.
Untuk tahun yang berakhir pada tanggal 31 For the year ended December 31, 2024 and
Desember 2024 dan 2023, biaya atas pensiun 2023, the defined contribution pension cost of
iuran pasti dari Perusahaan dan entitas anak Company and subsidiaries involved in oil and
yang bergerak dalam eksplorasi dan produksi gas exploration and production amounting to
minyak dan gas bumi masing-masing sejumlah US$4,206,651 and US$4,233,121, respectively.
AS$4.206.651 dan AS$4.233.121.
384
382 PT Medco Energi Internasional Tbk 2024 Annual Report
223
Page 387
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti b. Defined Benefit Pension Plan
Liabilitas imbalan kerja yang diakui oleh Employee benefits liabilities which was
Perusahaan pada tanggal 31 Desember 2024 recognized by the Company as of the date
dan 2023 adalah sebagai berikut: December 31, 2024 and 2023 are as follows:
2024 2023
Liabilitas pensiun imbalan pasti Present value of defined benefit
(Undang-Undang) 28.669.970 23.425.639 obligation (Labor Law)
Present value of defined benefit
Liabilitas pensiun imbalan pasti 3.413.145 5.658.256 obligation
Liabilitas penghargaan jubilee 3.515.238 2.439.209 Jubilee awards obligation
Saldo akhir tahun 35.598.353 31.523.104 Balance at end of year
Liabilitas imbalan kerja - jangka Employee benefits liabilities -
panjang 35.598.353 31.523.104 long-term portion .
Grup mengakui liabilitas pensiun imbalan pasti The Group recognizes defined benefit obligation
untuk karyawan yang bekerja di bidang minyak for employees involved in oil and gas operations
dan gas bumi sesuai dengan peraturan yang in accordance with applicable regulations. The
berlaku. Program pensiun imbalan pasti didanai defined benefit pension plan is being funded by
dengan penempatan dana pada PT AXA Mandiri placing funds in PT AXA Mandiri Financial
Financial Service. Service.
Grup juga mengakui manfaat pasca-kerja The Group also recognizes post-employment
lainnya untuk pegawai yang bukan anggota benefits expense for non-members of the
program pensiun imbalan pasti sesuai dengan defined benefit pension plan in accordance with
Undang-Undang Ketenagakerjaan dan Labor Law and the prevailing Group policy.
kebijakan Grup yang berlaku.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023,
jumlah orang yang berhak memperoleh imbalan respectively, the numbers of people eligible for
tersebut adalah masing-masing 2.276 orang the benefits were 2,276 personnel (unaudited)
(tidak diaudit) dan 2.346 orang (tidak diaudit). and 2,346 personnel (unaudited).
224
PT Medco Energi Internasional Tbk 2024 Annual Report
385
383
Page 388
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
i. Analisa liabilitas pensiun imbalan pasti i. An analysis of defined benefit obligations
yang diakui di dalam laporan posisi recognized in the consolidated statements
keuangan konsolidasian adalah sebagai of financial position were as follows:
berikut:
2024 2023
Nilai sekarang liabilitas pensiun Present value of defined benefit
imbalan pasti 110.656.512 110.883.615 obligations
Nilai wajar aset program (119.709.552) (122.629.376) Fair value of plan asset
Kelebihan pendanaan liabilitas Overfunded defined
pensiun imbalan kerja (9.053.040) (11.745.761) benefit obligations
Batasan pengakuan aset 12.466.185 17.404.017 Limitation on asset recognition
Saldo akhir tahun 3.413.145 5.658.256 Balance at end of year
Liabilitas imbalan kerja - jangka Employee benefits liabilities -
panjang 3.413.145 5.658.256 long-term portion
Saldo akhir tahun 3.413.145 5.658.256 Balance at end of year
ii. Analisa biaya pensiun imbalan pasti pada ii. An analysis of the defined benefit costs in
laporan laba rugi dan penghasilan the consolidated statements of profit or
komprehensif lain konsolidasian adalah loss and other comprehensive income
sebagai berikut: were as follows:
2024 2023
Biaya jasa kini 7.078.668 7.022.045 Current service cost
Beban bunga (17.961) 279.446 Interest cost
Biaya jasa lalu – 102.535 Past service cost
Jumlah 7.060.707 7.404.026 Total
386
384 PT Medco Energi Internasional Tbk 2024 Annual Report
225
Page 389
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
iii. Mutasi liabilitas yang diakui atas beban iii. The movements of liabilities recognized for
imbalan kerja di laporan posisi keuangan the provision for employee service
konsolidasian adalah sebagai berikut: entitlements in the consolidated
statements of financial position were as
follows:
2024 2023
Saldo awal tahun 5.658.256 8.710.532 Balance at beginning of year
Biaya imbalan kerja pada tahun Employee benefit costs for the
berjalan 7.060.707 7.404.026 year
Jumlah yang diakui pada Total amount recognized in other
penghasilan komprehensif lain (3.388.137) (1.641.579) comprehensive income
Kontribusi pada tahun berjalan (4.425.487) (8.964.663) Contributions for the year
Imbalan kerja yang dibayarkan (20.947) (7.632) Benefits paid
Effect of foreign exchange
Dampak selisih kurs (1.471.247) 157.572 differences
Saldo akhir tahun 3.413.145 5.658.256 Balance at end of year
iv. Mutasi nilai kini kewajiban berdasarkan iv. The movements of present value of
perhitungan aktuari adalah sebagai obligation based on independent actuary’s
berikut: calculation were as follows:
2024 2023
Saldo awal tahun 110.883.615 95.192.976 Balance at beginning of year
Beban bunga 6.573.761 6.482.927 Interest cost
Biaya jasa kini 7.078.668 7.022.045 Current service cost
Biaya jasa lalu – 102.535 Past service cost
Imbalan kerja yang
dibayarkan : Benefits paid :
Perusahaan (20.947) (7.632) Company
Dana pensiun (8.675.796) (7.161.163) Pension fund
Kerugian (laba) aktuarial atas : Actuarial loss (gain) due to :
Changes in financial
Perubahan asumsi finansial (3.111.193) 3.737.224 assumption
Penyesuaian historis 2.921.511 4.308.190 Experience adjustments
Effect of foreign exchange
Dampak selisih kurs (4.993.107) 1.206.513 differences
Saldo akhir tahun 110.656.512 110.883.615 Balance at end of year
226
PT Medco Energi Internasional Tbk 2024 Annual Report
387
385
Page 390
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
v. Mutasi nilai wajar aset program adalah v. The movements of fair value of plan
sebagai berikut: assets were as follows:
2024 2023
Saldo awal tahun 122.629.376 110.859.749 Balance at beginning of year
Pendapatan bunga atas aset
program 7.714.675 8.037.439 Interest income on plan asset
Imbal hasil atas aset program (2.045.392) 353.718 Return on plan assets
Kontribusi pada tahun berjalan 4.425.487 8.964.663 Contributions for the year
Pembayaran manfaat dari aset
program (8.675.796) (7.161.163) Benefits paid by plan asset
Effect of foreign exchange
Dampak selisih kurs (4.338.798) 1.574.970 differences
Saldo akhir tahun 119.709.552 122.629.376 Balance at end of year
vi. Kategori utama atas aset program imbalan vi. The major categories of plan assets as a
sebagai persentase dari nilai wajar aset percentage of the fair value of the total
program adalah sebagai berikut: plan assets were as follows:
2024 2023
Obligasi pemerintah 50 % 47 % Government bonds
Deposito berjangka 33 % 36 % Time deposits
Obligasi perusahaan 17 % 17 % Corporate bonds
Jumlah 100 % 100 % Total
388
386 PT Medco Energi Internasional Tbk 2024 Annual Report
227
Page 391
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
vii. Liabilitas pensiun imbalan pasti dihitung vii. The defined benefit obligations were
dengan menggunakan asumsi sebagai calculated using the following
berikut: assumptions:
2024 2023
Tingkat diskonto 6,88% - 7,14% 5,67% - 7,10% Discount rates
Tingkat pengembalian yang
diharapkan dari aset: Expected rate of return on assets:
- Portofolio Rupiah 0% - 7,14% 0% - 7,10% Rupiah portfolio -
Tingkat proyeksi kenaikan gaji 5,0% - 6,0% 5,0% - 6,0% Salary increment rate
Tingkat mortalitas TMI 2019 TMI 2019 Mortality rate
Tingkat morbiditas (tingkat
disabilitas) 0,75% - 10% 0,75% - 10% Morbidity rate (disability rate)
tingkat mortalitas/ tingkat mortalitas/
mortality rate mortality rate
Tingkat pengunduran diri 1% - 6% 1% - 6% Resignation rate
terutama sesuai terutama sesuai
tingkat usia/ tingkat usia/
primarily in line with primarily in line with
age profile age profile
Usia pensiun normal (dalam
tahun) 58 - 60 58 - 60 Normal retirement age (in year)
Proporsi pengambilan pensiun
normal 100 % 100 % Proportion of normal retirements
Tingkat pensiun dini 1% - 5% 1% - 5% Early retirement rate
dari tingkat dari tingkat
kelangsungan hidup/ kelangsungan hidup/
of survival rate of survival rate
Analisa sensitivitas kuantitatif untuk asumsi- The quantitative sensitivity analysis for
asumsi yang signifikan pada tanggal significant assumptions as of
31 Desember 2024 dan 2023 adalah sebagai December 31, 2024 and 2023 were as follows:
berikut:
Tingkat diskonto/ Kenaikan gaji dimasa depan/ Future
Discount rates salary increase rate
Pengaruh nilai Pengaruh nilai
kini atas kini atas
kewajiban kewajiban
imbalan kerja/ imbalan kerja/
Effect on Effect on
present value on present value on
Persentase/ benefit Persentase/ benefit
Percentage obligation Percentage obligation
2024 2024
Kenaikan 1% (8.336.684) 1% 7.690.134 Increase
Penurunan (1)% 9.412.442 (1)% (6.967.325) Decrease
2023 2023
Kenaikan 1% (8.450.824) 1% 8.488.706 Increase
Penurunan (1)% 9.220.341 (1)% (7.824.032) Decrease
228
PT Medco Energi Internasional Tbk 2024 Annual Report
389
387
Page 392
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
b. Program Pensiun Imbalan Pasti (lanjutan) b. Defined Benefit Pension Plan (continued)
Jadwal jatuh tempo dari liabilitas imbalan pasti Undiscounted maturity profile of defined benefit
yang tidak didiskontokan pada tanggal obligations as of December 31, 2024 and 2023
31 Desember 2024 dan 2023 adalah sebagai were as follows:
berikut:
2024 2023
Kurang dari 1 tahun 8.975.237 9.304.636 Within one year
1 tahun 7.637.986 8.911.793 1 year
2 - 5 tahun 60.839.570 36.430.374 2 - 5 years
Lebih dari 5 tahun 292.189.766 323.653.997 More than 5 years
Jumlah 369.642.559 378.300.800 Total
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya
Grup juga mengakui manfaat pasca-kerja The Group also recognizes post-employment
lainnya untuk pegawai yang bukan anggota benefits for employees who are non-members
program pensiun imbalan pasti dan personil of the defined benefit plan and key
manajemen kunci sesuai dengan Undang- management in accordance with Labor Law and
Undang Ketenagakerjaan dan kebijakan Grup current Group’s policy.
yang berlaku.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the
jumlah karyawan yang berhak memperoleh numbers of employees eligible for the benefits
imbalan tersebut adalah masing-masing were 843 personnel (unaudited) and 831
sebanyak 843 orang (tidak diaudit) dan 831 personnel (unaudited), respectively.
orang (tidak diaudit).
Pada tanggal 31 Desember 2024, liabilitas As of December 31, 2024, the employee
imbalan kerja ditetapkan berdasarkan benefits liabilities are determined based on the
perhitungan aktuaris independen Steven and calculation of independent actuaries, Steven
Mourits yang laporannya tertanggal 22 Januari and Mourits as set forth in their reports dated
2025 dan Yusi dan Rekan yang laporannya January 22, 2025 and Yusi and Partner as set
tertanggal 07 Maret 2025 dan 14 Maret 2025. forth in their reports dated March 07, 2025 and
March 14, 2025.
Pada tanggal 31 Desember 2023, liabilitas As of December 31, 2023, the employee
imbalan kerja ditetapkan berdasarkan benefits liabilities are determined based on the
perhitungan aktuaris independen Steven and calculation of independent actuaries, Steven
Mourits yang laporannya tertanggal 16 Januari and Mourits as set forth in their reports dated
2024 dan Yusi dan Rekan yang laporannya January 16, 2024 and Yusi and Partner as set
tertanggal 18 Maret 2024, 22 Maret 2024, 26 forth in their reports dated March 18, 2024,
Maret 2024 dan 27 Maret 2024. March 22, 2024, March 26, 2024 and March 27,
2024.
390
388 PT Medco Energi Internasional Tbk 2024 Annual Report
229
Page 393
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
i. Analisa liabilitas Undang-Undang i. An analysis of the Labor Law and other
Ketenagakerjaaan dan imbalan pasca- post-employment benefits obligations
kerja lainnya yang diakui di dalam recognized in the consolidated
laporan posisi keuangan konsolidasian statements of financial position were as
adalah sebagai berikut: follows:
2024 2023
Nilai sekarang liabilitas pensiun Present value of defined benefit
imbalan pasti 34.746.443 28.523.080 obligations
Nilai wajar aset program (6.076.473) (5.097.441) Fair value of plan assets
Saldo akhir tahun 28.669.970 23.425.639 Balance at end of year
ii. Analisa biaya Undang-Undang ii. An analysis of the Labor Law and other
Ketenagakerjaan dan imbalan pasca- post-employment benefits costs in the
kerja lainnya pada laporan laba rugi dan consolidated statements of profit or loss
penghasilan komprehensif lain and other comprehensive income were
konsolidasian adalah sebagai berikut: as follows:
2024 2023
Biaya jasa kini 2.950.590 3.333.228 Current service cost
Beban bunga 1.391.772 913.455 Interest cost
Biaya jasa lalu 18.349 (744.560) Past service cost
Lain-lain 100.618 54.591 Others
Jumlah 4.461.329 3.556.714 Total
iii. Mutasi liabilitas yang diakui atas beban iii. The movements of liabilities recognized
imbalan kerja di laporan posisi keuangan for the provision for employee service
konsolidasian adalah sebagai berikut: entitlements in the consolidated
statements of financial position were as
follows:
2024 2023
Saldo awal tahun 23.425.639 19.633.664 Balance at beginning of year
Biaya imbalan kerja pada tahun Employee benefit costs for the
berjalan 4.461.329 3.556.714 year
Jumlah yang diakui pada Total amount recognized in other
penghasilan komprehensif lain 3.522.652 (445.514) comprehensive income
Imbalan kerja yang dibayarkan (411.150) (137.008) Benefits paid
Effect of foreign exchange
Dampak selisih kurs (2.328.500) 817.783 differences
Saldo akhir tahun 28.669.970 23.425.639 Balance at end of year
230
PT Medco Energi Internasional Tbk 2024 Annual Report
391
389
Page 394
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
iv. Nilai kini kewajiban berdasarkan iv. The movements of present value of
perhitungan aktuari adalah sebagai obligation based on independent
berikut: actuary’s calculation were as follows:
2024 2023
Saldo awal tahun 28.523.080 24.693.731 Balance at beginning of year
Biaya jasa kini 2.950.590 3.333.228 Current service cost
Beban bunga 1.722.519 1.283.055 Interest cost
Biaya jasa lalu 18.349 (744.560) Past service cost
Imbalan kerja yang dibayarkan : Benefits paid :
Perusahaan (411.150) (137.008) Company
Dana pensiun – (516.019) Pension fund
Kerugian (keuntungan) aktuaria
atas : Actuarial loss (gain) due from :
Changes in financial
Perubahan asumsi financial (487.740) (233.739) assumption
Penyesuaian historis 423.035 312.764 Experience adjustments
Effect of foreign exchange
Dampak selisih kurs 2.007.760 531.628 differences
Saldo akhir tahun 34.746.443 28.523.080 Balance at end of year
v. Mutasi nilai wajar aset program adalah v. The movements of fair value of plan
sebagai berikut: assets were as follows:
2024 2023
Saldo awal tahun 5.097.441 5.060.067 Balance at beginning of year
Pendapatan bunga atas aset
program 330.747 369.600 Interest income on plan asset
Pembayaran manfaat dari aset
program – (516.019) Benefits paid by plan asset
Imbal hasil atas aset program (70.962) 113.999 Return on plan assets
Effect of foreign exchange
Dampak selisih kurs 719.247 69.794 differences
Saldo akhir tahun 6.076.473 5.097.441 Balance at end of year
392
390 PT Medco Energi Internasional Tbk 2024 Annual Report
231
Page 395
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
vi. Penghargaan Jubilee: vi. Jubilee Awards:
Pegawai permanen dari Grup berhak Permanent employees of the Group are
atas penghargaan Jubilee. Penghargaan entitled to Jubilee Awards. Jubilee
Jubilee akan dibayarkan kepada Awards are paid to employees upon
pegawai setelah menyelesaikan completion of a certain number of years
sejumlah tahun masa kerjanya. Estimasi of services. Estimated Jubilee awards
penghargaan Jubilee adalah sebagai were as follows:
berikut:
2024 2023
Nilai sekarang liabilitas pensiun Present value of defined benefit
imbalan pasti 3.515.238 2.439.209 obligations
Tabel berikut ini menyajikan komponen The following table summarizes the
beban dan liabilitas imbalan kerja jangka consolidated components of employees’
panjang lainnya konsolidasian: other long term benefit expense and
liabilities:
2024 2023
Biaya jasa kini 197.151 191.909 Current service cost
Beban bunga 149.293 157.585 Interest cost
Biaya jasa lalu 654.147 – Past service cost
Kerugian aktuaria yang diakui – 24.274 Actuarial loss recognized
Penilaian kembali atas imbalan Remeasurement of other long
jangka panjang lainnya 355.542 (3.554) term employee benefits
Jumlah 1.356.133 370.214 Total
Mutasi liabilitas yang diakui atas beban The movements of liabilities recognized
imbalan kerja di laporan posisi keuangan for the provision for employee service
konsolidasian adalah sebagai berikut: entitlements in the consolidated
statements of financial position were as
follows:
2024 2023
Saldo awal tahun 2.439.209 2.318.528 Balance at beginning of year
Biaya imbalan kerja pada tahun Employee benefit costs for the
berjalan 1.356.133 370.214 year
Jumlah yang diakui pada
penghasilan komprehensif Total amount recognized in
lain 2.041 (421) other comprehensive income
Imbalan kerja yang dibayarkan (113.313) (290.222) Benefits paid
Effect of foreign exchange
Dampak selisih kurs (168.832) 41.110 differences
Saldo akhir tahun 3.515.238 2.439.209 Balance at end of year
232
PT Medco Energi Internasional Tbk 2024 Annual Report
393
391
Page 396
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
vii. Liabilitas atas Undang-Undang vii. The Labor Law and other post-
Ketenagakerjaan dan imbalan pasca- employment benefits obligations were
kerja lainnya pada dihitung dengan calculated using the following
menggunakan asumsi sebagai berikut: assumptions:
2024 2023
Tingkat diskonto 6,88% - 7,14% 5,67% - 7,10% Discount rates
Tingkat proyeksi kenaikan gaji 5,0% - 6,0% 5,0% - 6,0% Salary increment rate
Tingkat mortalitas TMI 2019 TMI 2019 Mortality rate
Tingkat morbiditas (tingkat
disabilitas) 10 % 10 % Morbidity rate (disability rate)
tingkat mortalitas/ tingkat mortalitas/
mortality rate mortality rate
Tingkat pengunduran diri 0% - 10% 0% - 10% Resignation rate
terutama sesuai terutama sesuai
tingkat usia/ tingkat usia/
primarily in line with primarily in line with
age profile age profile
Proporsi pengambilan pensiun Proportion of normal
normal 100 % 100 % retirements
Analisa sensitivitas kuantitatif untuk The quantitative sensitivity analysis for
asumsi-asumsi yang signifikan pada significant assumptions as of December
tanggal 31 Desember 2024 dan 2023 31, 2024 and 2023 were as follows:
adalah sebagai berikut:
Tingkat diskonto/ Kenaikan gaji dimasa depan/
Discount rates Future salary increase rate
Pengaruh nilai Pengaruh nilai
kini atas kini atas
kewajiban kewajiban
imbalan kerja/ imbalan kerja/
Effect on Effect on
present value present value
Persentase/ on benefit Persentase/ on benefit
Percentage obligation Percentage obligation
2024 2024
Kenaikan 1% (1.023.239) 1% 1.289.692 Increase
Penurunan (1)% 1.440.848 (1)% (901.358) Decrease
2023 2023
Kenaikan 1% (1.490.105) 1% 1.235.679 Increase
Penurunan (1)% 1.355.190 (1)% (1.386.201) Decrease
394
392 PT Medco Energi Internasional Tbk 2024 Annual Report
233
Page 397
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
42. LIABILITAS IMBALAN KERJA (lanjutan) 42. EMPLOYEE BENEFITS LIABILITIES (continued)
c. Undang-Undang Ketenagakerjaan dan Imbalan c. Labor Law and Other Post-employment Benefits
Pascakerja Lainnya (lanjutan) (continued)
vii. Liabilitas atas Undang-Undang vii. The Labor Law and other post-
Ketenagakerjaan dan imbalan pasca- employment benefits obligations were
kerja lainnya pada dihitung dengan calculated using the following
menggunakan asumsi sebagai berikut: assumptions: (continued)
(lanjutan)
Jadwal jatuh tempo dari liabilitas imbalan The undiscounted maturity profile of
pasti yang tidak didiskontokan pada defined benefit obligations as of
tanggal 31 Desember 2024 dan 2023 December 31, 2024 and 2023, were as
adalah sebagai berikut: follows:
2024 2023
Kurang dari 1 tahun 18.578.252 490.042 Within one year
1 tahun 946.440 3.533.065 1 year
2 - 5 tahun 6.247.096 4.159.854 2 - 5 years
Lebih dari 5 tahun 82.161.173 82.763.284 More than 5 years
Jumlah 107.932.961 90.946.245 Total
Durasi rata-rata liabilitas imbalan pasti The average duration of the defined benefits
diakhir tahun pelaporan untuk Grup berkisar obligation at the end of reporting year for the
antara 1 sampai 18 tahun pada tanggal Group were approximately 1 to 18 years for
31 Desember 2024 dan berkisar antara 1 December 31, 2024 and approximately 1 to
sampai 18 tahun pada tanggal 31 Desember 18 years for December 31, 2023.
2023.
Manajemen berkeyakinan bahwa saldo Management believes that the balance of
liabilitas imbalan kerja tersebut cukup untuk employee benefits liabilities is sufficient to
memenuhi imbalan minimum sesuai dengan cover the minimum benefits required under
Undang-Undang Tenaga Kerja. the Labor Law.
234
PT Medco Energi Internasional Tbk 2024 Annual Report
395
393
Page 398
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
a. Sifat Hubungan Berelasi a. Nature of Relationships
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Bank Woori Saudara Mempunyai pemegang saham Kas di bank, deposito berjangka yang dibatasi penggunaannya
Indonesia 1906 mayoritas yang sama dengan digunakan untuk jaminan utang karyawan dan pinjaman bank/
Perusahaan/ Cash in bank, restricted time deposit used as collateral for
Has the same majority shareholder with employees’ loan and bank loan
the Company
PT Medco Intidinamika (“INTI”) Mempunyai pemegang saham –
pengendali yang sama dengan
Perusahaan/
Has the same controlling shareholder
as the Company
PT Medco Duta (“DUTA”) Salah satu pemegang saham –
Perusahaan dan mempunyai pemegang
saham mayoritas yang sama dengan
Perusahaan/
A stockholder of the Company and has
the same majority shareholder with the
Company
PT Amman Mineral Internasional Dimiliki oleh Grup sebesar 20,92%. PT –
(“AMI”) Amman Mineral Industri adalah entitas
anak dari AMI/
20.92% owned by the group.
PT Amman Mineral Industri is a
subsidiary of AMI
PT Medco Daya Abadi Lestari Entitas induk langsung Perusahaan/ Piutang dari PT Medco Daya Abadi Lestari (“MDAL”) merupakan
(“MDAL”) Direct parent entity of the Company piutang atas penjualan 2% kepemilikan saham MGeoPS
Perusahaan ke MDAL/
Receivable from PT Medco Daya Abadi Lestari (“MDAL”)
represents the receivable on the sale of the 2% of MGeoPS
shares of the Company to MDAL
Penalti dari uang muka yang dikenakan bunga terkait transaksi
minyak mentah/
Penalty from advance with interest pertaining to crude oil
transaction
Uang muka yang dikenakan bunga terkait dengan transaksi
minyak mentah dan akan di bayarkan saat berakhirnya
perjanjian/
Advance with interest pertaining to crude oil transaction and will
be paid at the end of agreement
Pendapatan bunga/
Finance income
PT Medco Daya Sentosa (“MDS”) Mempunyai pemegang saham –
mayoritas yang sama dengan
Perusahaan/
Has the same majority shareholder with
the Company
396
394 PT Medco Energi Internasional Tbk 2024 Annual Report
235
Page 399
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Sifat Hubungan Berelasi (lanjutan) a. Nature of Relationships (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Medco Daya Energi Mempunyai pemegang saham Piutang operasi bersama di Blok A (Aceh)/
Nusantara (“MDEN”) mayoritas yang sama dengan Receivables from joint operations in Block A (Aceh)
Perusahaan/
Has the same majority shareholder Utang usaha dari aktivitas operasi minyak dan gas/
with the Company Trade payables from oil and gas operations
Utang ini merupakan porsi utang hasil alokasi dari biaya Grup
yang dibebankan kepada anak-anak Perusahaan/
This payable represents the portion of payables resulting from
the allocation of the Group fees charge to the subsidiaries
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
PT Medco Daya Natuna (“MDN”) Mempunyai pemegang saham Piutang operasi bersama di Laut Natuna Selatan Blok B/
mayoritas yang sama dengan Receivables from joint operations in South Natuna Sea Block
Perusahaan/ B
Has the same majority shareholder
with the Company Utang usaha dari aktivitas operasi minyak dan gas/
Trade payables from oil and gas operations
Utang ini merupakan porsi utang hasil alokasi dari biaya Grup
yang dibebankan kepada anak-anak Perusahaan/
This payable represents the portion of payables resulting from
the allocation of the Group fees charge to the subsidiaries
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
PT Medco Daya Makmur Mempunyai pemegang saham Piutang operasi bersama di Blok Sumatera Selatan/
(“MDM”) mayoritas yang sama dengan Receivables from joint operations in South Sumatera Block
Perusahaan/
Has the same majority shareholder Utang usaha dari aktivitas operasi minyak dan gas/
with the Company Trade payables from oil and gas operations
Utang kepada operasi bersama di Blok Sumatera Selatan/
Payables to joint operations in South Sumatera Block
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
Medco Daya Oman Block 60 Pte Mempunyai pemegang saham Utang usaha dari aktivitas operasi minyak dan gas/
Ltd mayoritas yang sama dengan Trade payables from oil and gas operations
Perusahaan/
Has the same majority shareholder
with the Company
236
PT Medco Energi Internasional Tbk 2024 Annual Report
397
395
Page 400
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
a. Sifat Hubungan Berelasi (lanjutan) a. Nature of Relationships (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Bahtera Daya Makmur Mempunyai pemegang saham Piutang operasi bersama di Blok Rimau/
(“BDM”) mayoritas yang sama dengan Receivables from joint operations in Rimau Block
Perusahaan/
Has the same majority shareholder Piutang usaha dari aktivitas operasi minyak dan gas/
with the Company Trade receivables from oil and gas operations
Utang usaha dari aktivitas operasi minyak dan gas/
Trade payables from oil and gas operations
Utang kepada operasi bersama di Blok Rimau/
Payables to joint operations in Rimau Block
Pendapatan keuangan merupakan subsewa kepada mitra
operasi bersama/
Finance income pertaining to sublease to joint operation
partner
Kuala Langsa (Block A) Limited Dimiliki oleh Grup sebesar 50%/ Utang lain-lain dari transfer kas dari Kuala Langsa ke anak
(“KLL”) 50%-owned by the Group Perusahaan yaitu PT Medco E & P Malaka (MEPM) saat
penjualan hak partisipasi Blok A ke MEPM/
Other payables from cash transfer from Kuala Langsa to one
of the Company’s subsidiaries, namely PT Medco E & P
Malaka (MEPM), upon the sale of Blok A’s working interest to
MEPM
PT Api Metra Graha (“AMG”) Dimiliki oleh Grup sebesar 49% sejak Piutang atas jasa keamanan/
Maret 2019/ Receivable from security services
49%-owned by the Group since
March 2019 Piutang atas setoran jaminan terkait dengan perpanjangan
sewa gedung The Energy setelah masa kontraknya habis
pada tahun 2019. Pada tanggal 26 Maret 2020, piutang ini
dikonversi menjadi uang muka sewa ruangan kantor
Perusahaan di gedung The Energy untuk periode April 2020
hingga Maret 2029/
Security deposit for office space lease extension in The
Energy building which will be expired after the contract expired
in 2019. On March 26, 2020, this receivable was converted as
advance for the Company’s office space lease in The Energy
building for the period from April 2020 until March 2029
Asset hak guna atas sewa/
Right of use asset related to lease
Utang atas sewa ruang kantor/
Payable for office space rent
Liabilitas sewa atas sewa/
Lease liabilities related to leases
Pendapatan dari sewa ruangan kantor/
Revenue from office space lease
Transasia Pipeline Company Pvt. Dimiliki oleh Grup sebesar 50% –
Ltd. (“Transasia”) sampai dengan 28 November 2024.
Efektif 28 November 2024, Transasia
dimiliki Grup sebesar 85% (Catatan
47)/
50%-owned by the Group until
November 28, 2024. Effective
November 28, 2024, Transasia is 85%
owned-by the Group (Note 47).
Pacific Medco Solar Energy Pte Pihak berelasi yang memiliki pengaruh Piutang lain-lain/
Ltd. signifikan atas entitas anak/ Other Receivables
Related party having significant
influence
PT Transportasi Gas Indonesia Dimiliki oleh Grup sebesar 40%/ Utang usaha atas biaya saluran pipa/
40%-owned by the Group Trade payables related to pipeline fee
398
396 PT Medco Energi Internasional Tbk 2024 Annual Report
237
Page 401
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi-transaksi dengan Pihak-pihak b. Transactions with Related Parties
Berelasi
Dalam melakukan kegiatan usahanya, Grup In the normal course of business, the Group
melakukan transaksi-transaksi tertentu dengan entered into certain transactions with its related
pihak-pihak berelasi. parties.
2024 2023
Persentase Persentase
terhadap terhadap
jumlah (%)/ jumlah (%)/
Jumlah/ Percentage to Jumlah/ Percentage to
Amount related totals (%) Amount related totals (%)
Aset Assets
Kas dan setara kas Cash and cash equivalents
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 67.218.675 0,847983 67.612.264 0,905321 1906 Tbk
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya bank
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk – – 134.709 0,001804 1906 Tbk
Piutang usaha Trade receivables
PT Api Metra Graha 8.442 0,000106 – – PT Api Metra Graha
PT Bahtera Daya Makmur – 0,000000 69.401 0,000929 PT Bahtera Daya Makmur
Piutang lain-lain Other Receivables
PT Medco Daya Natuna 54.692.852 0,689966 5.378.331 0,072015 PT Medco Daya Natuna
PT Medco Daya Makmur 28.267.514 0,356603 29.215.178 0,391188 PT Medco Daya Makmur
PT Bahtera Daya Makmur 16.499.829 0,208150 22.087.029 0,295743 PT Bahtera Daya Makmur
PT Medco Daya Abadi Lestari 4.680.807 0,059050 5.235.799 0,070107 PT Medco Daya Abadi Lestari
Pacific Medco Solar Energy Pte Ltd 3.880.143 0,048949 1.367.229 0,018307 Pacific Medco Solar Energy Pte Ltd
PT Medco Daya Energi Nusantara 1.440.036 0,018166 1.323.083 0,017716 PT Medco Daya Energi Nusantara
PT Api Metra Graha 196.034 0,002473 857.130 0,011477 PT Api Metra Graha
Transasia Pipeline Company Pvt. Transasia Pipeline Company Pvt.
Ltd. – – 24.000 0,000321 Ltd.
Uang muka kepada pihak berelasi Advances to a related Party
PT Medco Daya Abadi Lestari 86.649.781 1,093112 128.631.758 1,722366 PT Medco Daya Abadi Lestari
Aset hak guna Right-of-use assets
PT Api Metra Graha 9.274.534 0,117001 12.719.515 0,170313 PT Api Metra Graha
Setoran jaminan Security Deposits
PT Api Metra Graha 1.747.309 0,022043 1.392.594 0,018647 PT Api Metra Graha
238
PT Medco Energi Internasional Tbk 2024 Annual Report
399
397
Page 402
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
b. Transaksi-transaksi dengan Pihak-pihak b. Transactions with Related Parties (continued)
Berelasi (lanjutan)
2024 2023
Persentase Persentase
terhadap terhadap
jumlah (%)/ jumlah (%)/
Jumlah/ Percentage to Jumlah/ Percentage to
Amount related totals (%) Amount related totals (%)
Liabilitas Liabilities
Pinjaman Bank Bank loans
PT Bank Woori Saudara Indonesia PT Bank Woori Saudara Indonesia
1906 Tbk 3.250.000 0,058287 11.000.000 0,202179 1906 Tbk
Utang usaha Trade payables
Medco Daya Oman Block 60 Pte Medco Daya Oman Block 60 Pte
Ltd 16.744.412 0,300302 – – Ltd
PT Medco Daya Natuna 7.769.147 0,139335 24.667.222 0,453382 PT Medco Daya Natuna
PT Medco Daya Makmur 5.575.641 0,099996 5.889.621 0,108251 PT Medco Daya Makmur
PT Bahtera Daya Makmur 4.543.295 0,081482 7.490.411 0,137673 PT Bahtera Daya Makmur
PT Medco Daya Energi Nusantara 1.807.182 0,032411 1.997.080 0,036706 PT Medco Daya Energi Nusantara
PT Transportasi Gas Indonesia 1.329.841 0,023850 – – PT Transportasi Gas Indonesia
Utang lain-lain Other payables
PT Medco Daya Makmur 9.566.698 0,171574 11.176.562 0,205424 PT Medco Daya Makmur
PT Medco Daya Natuna 3.343.292 0,059960 1.107.316 0,020352 PT Medco Daya Natuna
PT Medco Daya Energi Nusantara 1.254.360 0,022496 1.841.023 0,033838 PT Medco Daya Energi Nusantara
PT Bahtera Daya Makmur 873.957 0,015674 804.451 0,014786 PT Bahtera Daya Makmur
PT Api Metra Graha 128.901 0,002312 – – PT Api Metra Graha
PT Medco Daya Abadi Lestari 1.033 0,000019 352.366 0,006476 PT Medco Daya Abadi Lestari
Kuala Langsa (Block A) Limited Kuala Langsa (Block A) Limited
(KLL) – – 79.591 0,001463 (KLL)
Liabilitas sewa jangka panjang Long-term lease liabilities
PT Api Metra Graha 9.279.999 0,166432 12.853.158 0,236240 PT Api Metra Graha
Transaksi Transactions
Pendapatan dari jasa Revenue from services
PT Medco Daya Natuna 649.596 0,027076 455.225 0,020238 PT Medco Daya Natuna
PT Bahtera Daya Makmur 98.704 0,004114 42.432 0,001886 PT Bahtera Daya Makmur
PT Medco Daya Energi Nusantara 18.595 0,000775 665 0,000030 PT Medco Daya Energi Nusantara
PT Medco Daya Makmur 10.476 0,000437 40.410 0,001797 PT Medco Daya Makmur
PT Api Metra Graha – – 9.010 0,000401 PT Api Metra Graha
Biaya pembelian minyak mentah Cost of crude oil purchase
Medco Daya Oman Block 60 Pte Medco Daya Oman Block 60 Pte
Ltd 139.271.962 9,501931 – – Ltd
PT Medco Daya Abadi Lestari 75.499.997 5,151042 108.266.910 8,905898 PT Medco Daya Abadi Lestari
PT Medco Daya Energi Nusantara 3.331.355 0,227284 – – PT Medco Daya Energi Nusantara
Sewa ruang kantor Office space lease
PT Api Metra Graha 4.237.735 0,289123 3.128.791 0,257370 PT Api Metra Graha
Pendapatan bunga Finance income
PT Medco Daya Abadi Lestari 12.177.842 14,181975 5.046.823 10,196731 PT Medco Daya Abadi Lestari
400
398 PT Medco Energi Internasional Tbk 2024 Annual Report
239
Page 403
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
43. SIFAT HUBUNGAN DAN TRANSAKSI- 43. NATURE OF RELATIONSHIPS AND
TRANSAKSI DENGAN PIHAK-PIHAK BERELASI TRANSACTIONS WITH RELATED PARTIES
(lanjutan) (continued)
c. Kompensasi manajemen kunci c. Compensation to key management
Manajemen kunci terdiri dari Komisaris dan Key management pertains to the
Direksi Perusahaan. Commissioners and Directors of the Company.
Jumlah kompensasi dan imbalan lain kepada The total compensation and other benefits for
Dewan Komisaris dan Direksi untuk tahun yang the Commissioners and Directors for the years
berakhir pada tanggal 31 Desember 2024 dan ended December 31, 2024 and 2023 consist of:
2023 terdiri dari:
2024 2023
Dewan Komisaris Board of Commissioners
Imbalan jangka pendek 3.113.155 3.105.177 Short-term compensations
Sub-Jumlah 3.113.155 3.105.177 Sub-total
Dewan Direksi Board of Directors
Imbalan jangka pendek 24.167.970 22.061.390 Short-term compensations
Imbalan pasca-kerja (pencadangan) 2.450.494 2.038.326 Post-retirement benefits (provision)
Sub-Jumlah 26.618.464 24.099.716 Sub-total
Pembayaran berbasis saham untuk Share-based payments for
Komisaris dan Direksi 4.924.082 393.094 Commissioners and Directors
Jumlah 34.655.701 27.597.987 Total
44. INFORMASI SEGMEN 44. SEGMENT INFORMATION
Grup mengklasifikasikan dan mengevaluasi The Group classifies and evaluates its financial
informasi keuangan mereka menjadi pelaporan information into reportable operating segments
segmen usaha yang dikelompokkan menjadi enam which are grouped into six (6) strategic business
(6) kelompok bisnis strategis: groups:
a. Segmen Usaha a. Operating Segments
Grup bergerak di bidang usaha sebagai berikut: The Group is engaged in the following business
activities:
i. Eksplorasi dan produksi minyak dan gas i. Exploration and production of oil and gas
bumi
ii. Jasa ii. Services
iii. Listrik iii. Power
iv. Kimia iv. Chemicals
v. Perdagangan v. Trading
vi. Holding dan operasional terkait vi. Holding and related operations
240
PT Medco Energi Internasional Tbk 2024 Annual Report
401
399
Page 404
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
Segmen usaha dari operasi yang dihentikan The operating segments of discontinued
dan/atau dimiliki untuk dijual adalah sebagai operations and/or held for sale are as follows
berikut (Catatan 39): (Note 39):
Entitas anak/ Segmen/ Periode/
Subsidiaries Segment Period
31 Desember 2024 dan 2023/
PT Medco Methanol Bunyu Kimia/Chemicals
December 31, 2024 and 2023
31 Desember 2024 dan 2023/
PT Medco LPG Kaji Kimia/Chemicals
December 31, 2024 and 2023
31 Desember 2024 dan 2023/
PT Medco Ethanol Lampung Kimia/Chemicals
December 31, 2024 and 2023
31 Desember 2024 dan 2023/
PT Medco Downstream Indonesia Kimia/Chemicals
December 31, 2024 and 2023
Informasi geografis dari operasi yang dihentikan The geographical information of discontinued
dan dimiliki untuk dijual adalah sebagai berikut operations and held for sale are as follows
(Catatan 39): (Note 39):
Entitas anak/ Informasi Geografis/ Periode/
Subsidiaries Geographical Information Period
Amerika Serikat/United 31 Desember 2024 dan 2023/
Medco Energi US LLC
States of America (USA) December 31, 2024 and 2023
Amerika Serikat/United 31 Desember 2024 dan 2023/
Medco Energi USA Inc
States of America (USA) December 31, 2024 and 2023
31 Desember 2023/
Ophir Vietnam Block 12W B.V Vietnam
December 31, 2023
Afrika dan Timur Tengah/ 31 Desember 2024 dan 2023/
Medco International Ventures Ltd
Africa and Middle East December 31, 2024 and 2023
2024
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Penjualan eksternal/
External sales 1.501.334.688 14.612.380 204.624.673 678.618.814 – – – 2.399.190.555
Penjualan antar segmen/
Intersegment sales 337.100.074 20.953.518 12.116 – – – (358.065.708) –
Jumlah penjualan dan
pendapatan usaha
lainnya/
Total sales and other
operating revenues 1.838.434.762 35.565.898 204.636.789 678.618.814 – – (358.065.708) 2.399.190.555
Laba kotor/
Gross profit 853.636.763 2.870.295 73.369.843 9.974.299 – – (6.383.411) 933.467.789
Beban penjualan, umum dan
administrasi/
Selling, general and
administrative expenses (114.686.948) (3.932.635) (38.817.875) (7.670.238) (79.376.274) – 27.593.471 (216.890.499)
402
400 PT Medco Energi Internasional Tbk 2024 Annual Report
241
Page 405
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2024
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Keuntungan atas
penyesuaian nilai wajar
aset keuangan/
Gain on fair value adjustment
of financial assets 17.825.902 – – – 12.132.000 – – 29.957.902
Kerugian penurunan nilai
aset/
Loss on impairment of assets (19.885.063) (1.181.781) (8.388.325) – – – – (29.455.169)
Bagian laba (rugi) dari entitas
entitas asosiasi dan
ventura bersama/
Share of net income (loss) of
associates and joint
venture (25.733.216) – 2.751.449 – 136.083.030 – – 113.101.263
Pendapatan bunga/
Interest income 62.197.648 153.665 3.801.747 15.647.973 5.612.760 – (1.545.346) 85.868.447
Keuntungan pembelian
diskon/
Bargain purchase 51.586.361 – – – – – – 51.586.361
Beban pendanaan/
Finance costs (187.885.927) (1.933.351) (43.371.805) (19.424.794) (56.263.552) 1.546.670 (307.332.759)
Pendapatan dividen/
Dividend income 20.179.215 – – – 157.670.668 – (158.979.883) 18.870.000
Kerugian dari kombinasi
bisnis secara bertahap/
Loss on business
combination achieved in
stages (15.440.850) – – – – – – (15.440.850)
Pendapatan lain-lain/
Other income 32.282.890 957.870 8.262.563 – 30.742.600 – (43.791.123) 28.454.800
Beban lain-lain/
Other expenses (14.900.400) – (2.390.570) (501.621) (3.344.305) – – (21.136.896)
Laba (rugi) sebelum manfaat
(beban) pajak
penghasilan dari
operasi yang
dilanjutkan/
Profit (loss) before income
tax benefit (expense)
from continuing
operations 659.176.375 (3.065.937) (4.782.973) (1.974.381) 203.256.927 – (181.559.622) 671.050.389
242
PT Medco Energi Internasional Tbk 2024 Annual Report
403
401
Page 406
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2024
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
for and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Beban pajak penghasilan/
Income tax expense (289.920.808) (1.252.270) (3.374.784) (736.146) 5.944.275 – – (289.339.733)
Kepentingan nonpengendali/
Non-controlling interests (3.097.385) – (9.750.862) – – – – (12.848.247)
Laba (rugi) setelah beban
pajak penghasilan dari
operasi yang
dihentikan/
Profit (loss) after income tax
expense from
discontinued operations – – – – – (183.063.763) 181.559.622 (1.504.141)
LABA (RUGI) TAHUN
BERJALAN YANG
DIATRIBUSIKAN
KEPADA PEMILIK
ENTITAS INDUK/
PROFIT (LOSS) FOR THE
YEAR
ATTRIBUTABLE TO
OWNERS OF THE
PARENT COMPANY 366.158.182 (4.318.207) (17.908.619) (2.710.527) 209.201.202 (183.063.763) – 367.358.268
Aset segmen/
Segment assets 12.783.153.813 144.169.819 1.058.926.980 1.246.195.315 6.857.536.936 1.065.050 (16.099.641.647) 5.991.406.266
Investasi pada saham/
Investment in shares 422.912.202 – 160.542.321 – 1.352.029.576 – – 1.935.484.099
JUMLAH ASET/
TOTAL ASSETS 13.206.066.015 144.169.819 1.219.469.301 1.246.195.315 8.209.566.512 1.065.050 (16.099.641.647) 7.926.890.365
LIABILITAS
Liabilitas segmen/
LIABILITIES
Segment liabilities 10.546.801.193 150.594.891 731.793.874 3.083.694.257 6.879.414.950 283.201.278 (16.099.641.647) 5.575.858.796
Pembelian barang modal/
Capital expenditures 357.730.160 1.347.926 34.940.912 3.862 610.960 – – 394.633.820
Penyusutan, deplesi dan
amortisasi/
Depreciation, depletion and
amortization 537.490.079 4.366.002 9.087.599 816.614 3.495.821 – – 555.256.115
Transaksi non kas selain
depresiasi, deplesi dan
amortisasi/
Non-cash transactions other
than depreciation,
depletion and
amortization 20.492.008 6.960 1.189.266 (345.159) 1.915.974 – – 23.259.049
404
402 PT Medco Energi Internasional Tbk 2024 Annual Report
243
Page 407
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2023
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
for and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Penjualan eksternal/
External sales 1.627.608.747 7.704.333 280.896.568 333.127.930 – – – 2.249.337.578
Penjualan antar segmen/
Intersegment sales 176.698.806 22.587.237 181.592 – – – (199.467.635) –
Jumlah penjualan dan
pendapatan usaha
lainnya/
Total sales and other
operating revenues 1.804.307.553 30.291.570 281.078.160 333.127.930 – – (199.467.635) 2.249.337.578
Laba kotor/
Gross profit 944.019.945 8.069.583 75.653.069 9.425.093 – – (3.506.669) 1.033.661.021
Beban penjualan, umum dan
administrasi/
Selling, general and
administrative expenses (141.357.599) (5.452.533) (36.961.617) (4.169.639) (79.923.105) – 26.494.780 (241.369.713)
Kerugian atas penyesuaian
nilai wajar aset
keuangan/
Loss on fair value adjustment
of financial assets 23.901.472 – – – 45.390.405 – – 69.291.877
Kerugian penurunan nilai
aset/
Loss on impairment of assets (58.919.416) – (715.995) – – – – (59.635.411)
Bagian laba (rugi) dari entitas
entitas asosiasi dan
ventura bersama/
Share of net income (loss) of
associate and joint
venture (22.811.028) – 2.623.479 – 59.515.607 – – 39.328.058
Pendapatan bunga/
Interest income 47.197.616 115.755 4.203.898 8.453.031 2.761.763 – (13.237.543) 49.494.520
Keuntungan pembelian
diskon/
Bargain purchase 36.173.977 – – – – – – 36.173.977
Beban pendanaan/
Finance costs (175.330.564) (380.100) (38.883.849) (33.471.875) (41.173.537) – 13.237.543 (276.002.382)
Keuntungan atas dilusi
investasi jangka panjang/
Gain on dilution of long-term
investment – – – – 83.839.822 – – 83.839.822
Pendapatan dividen/
Dividend income 31.768.200 – – – 165.808.088 – (165.808.088) 31.768.200
Pendapatan lain-lain/
Other income 22.119.868 2.737.439 9.198.661 1.389.516 24.683.196 – (34.185.030) 25.943.650
Beban lain-lain/
Other expenses (43.325.029) – (2.545.582) (23.589.364) (7.229.904) – 12.049.692 (64.640.187)
244
PT Medco Energi Internasional Tbk 2024 Annual Report
405
403
Page 408
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
a. Segmen Usaha (lanjutan) a. Operating Segments (continued)
2023
Eksplorasi
dan produksi Holding
minyak dan dan
gas bumi/ operasional Operasi
Exploration terkait/ yang
for and Holding dihentikan/
production Jasa/ Listrik/ Perdagangan/ and related Discontinued Eliminasi/ Konsolidasi/
of oil and gas Service Power Trading operations operations Elimination Consolidation
Laba (rugi) sebelum manfaat
(beban) pajak
penghasilan dari
operasi yang
dilanjutkan/
Profit (loss) before income
tax benefit (expense)
from continuing
operations 663.437.442 5.090.144 12.572.064 (41.963.238) 253.672.335 – (164.955.315) 727.853.432
Beban pajak penghasilan/
Income tax expense (319.730.875) 1.808.106 (9.336.761) (1.588.418) (10.818.432) – – (339.666.380)
Kepentingan nonpengendali/
Non-controlling interests (3.321.647) – (11.771.695) – – – – (15.093.342)
Laba (rugi) setelah beban
pajak penghasilan dari
operasi yang
dihentikan/
Profit (loss) after income tax
expense from
discontinued operations – – – – – (207.373.764) 164.955.315 (42.418.449)
LABA (RUGI) TAHUN
BERJALAN YANG
DIATRIBUSIKAN
KEPADA PEMILIK
ENTITAS INDUK/
PROFIT (LOSS) FOR THE
YEAR
ATTRIBUTABLE TO
OWNERS OF THE
PARENT COMPANY 340.384.920 6.898.250 (8.536.392) (43.551.656) 242.853.903 (207.373.764) – 330.675.261
Aset segmen/
Segment assets 12.169.302.421 18.419.774 958.468.011 5.292.349.673 6.219.845.970 230.556.394 (19.073.611.606) 5.815.330.637
Investasi pada saham/
Investment in shares 286.262.733 – 154.747.780 – 1.211.975.119 – – 1.652.985.632
JUMLAH ASET/
TOTAL ASSETS 12.455.565.154 18.419.774 1.113.215.791 5.292.349.673 7.431.821.089 230.556.394 (19.073.611.606) 7.468.316.269
LIABILITAS
Liabilitas segmen/
LIABILITIES
Segment liabilities 10.080.626.700 22.787.196 612.552.214 7.141.317.980 6.208.600.552 448.447.241 (19.073.611.606) 5.440.720.277
Pembelian barang modal/
Capital expenditures 256.026.433 1.136.507 54.819.716 1.076.776 3.018.865 – – 316.078.297
Penyusutan, deplesi dan
amortisasi/
Depreciation, depletion and
amortization 446.101.101 3.563.899 8.937.479 734.526 3.568.905 – – 462.905.910
Transaksi non kas selain
depresiasi, deplesi dan
amortisasi/
Non-cash transactions other
than depreciation,
depletion and
amortization 18.585.206 – 1.082.002 257.955 2.063.478 – – 21.988.641
406
404 PT Medco Energi Internasional Tbk 2024 Annual Report
245
Page 409
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
44. INFORMASI SEGMEN (lanjutan) 44. SEGMENT INFORMATION (continued)
b. Segmen Geografis b. Geographic Segments
Pendapatan Revenues
2024 2023
Indonesia 1.115.280.199 1.317.282.819 Indonesia
Luar negeri Overseas
Asia 1.069.056.041 772.335.178 Asia
Afrika dan Timur Tengah 188.417.198 137.411.415 Africa and Middle East
Amerika Serikat dan Eropa 26.437.117 22.308.166 United States of America and Europe
Jumlah 2.399.190.555 2.249.337.578 Total
Jumlah Aset Total Assets
2024 2023
Indonesia 11.763.777.452 11.255.245.092 Indonesia
Luar negeri Overseas
Asia 11.257.994.329 14.194.787.029 Asia
Afrika dan Timur Tengah 1.000.538.963 1.085.946.002 Africa and Middle East
United States of America and
Amerika Serikat dan Eropa 4.221.268 5.949.752 Europe
Jumlah 24.026.532.012 26.541.927.875 Total
Eliminasi (16.099.641.647) (19.073.611.606) Elimination
Setelah eliminasi 7.926.890.365 7.468.316.269 After elimination
246
PT Medco Energi Internasional Tbk 2024 Annual Report
407
405
Page 410
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
45. ASET DAN LIABILITAS MONETER DALAM 45. MONETARY ASSETS AND LIABILITIES
MATA UANG ASING DENOMINATED IN FOREIGN CURRENCIES
Grup memiliki aset dan liabilitas moneter dalam The Group has monetary assets and liabilities
mata uang asing dengan rincian sebagai berikut: denominated in foreign currencies as follows:
2024
Dalam mata uang aslinya
Setara AS$
(dalam jutaan)/
(dalam satuan
In original currency (in millions)
penuh)/
Rupiah/ US$ Equivalent
Lain-lain/Others
Rupiah (full amount)
Aset Assets
Kas dan setara kas 1.538.407 150 102.208.166 Cash and cash equivalents
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya 24.770 – 1.532.603 banks
Piutang usaha 295.083 – 18.257.842 Trade receivables
Piutang lain-lain 1.702.179 87 109.727.012 Other receivables
Liabilitas Liabilities
Utang usaha (791.136) (72) (52.457.784) Trade payables
Utang pajak (212.825) (233) (20.024.651) Taxes payable
Accrued expenses and other
Biaya akrual dan provisi lain-lain (867.582) – (53.680.361) provision
Pinjaman jangka panjang lainnya (8.795.795) – (544.226.893) Other long-term debt
Pinjaman bank (11.640.522) – (720.240.178) Bank loans
Liabilitas Neto (18.747.421) (68) (1.158.904.244) Net Liabilities
2023
Dalam mata uang aslinya
Setara AS$
(dalam jutaan)/
(dalam satuan
In original currency (in millions)
penuh)/
Rupiah/ US$ Equivalent
Lain-lain/Others
Rupiah (full amount)
Aset Assets
Kas dan setara kas 1.078.543 872 74.987.588 Cash and cash equivalents
Deposito dan rekening bank yang Restricted time deposits and cash in
dibatasi penggunaannya 36.349 – 2.357.849 banks
Piutang usaha 204.309 – 13.253.081 Trade receivables
Piutang lain-lain 1.875.541 49 124.985.103 Other receivables
Liabilitas Liabilities
Utang usaha (551.707) (116) (39.236.210) Trade payables
Utang pajak (281.367) (298) (26.990.299) Taxes payable
Accrued expenses and other
Biaya akrual dan provisi lain-lain (869.384) (130) (58.469.071) provision
Pinjaman jangka panjang lainnya (7.901.600) – (512.558.381) Other long-term debt
Pinjaman bank (8.529.477) – (553.287.302) Bank loans
Aset (Liabilitas) Neto (14.938.793) 377 (974.957.642) Net Assets (Liabilities)
408
406 PT Medco Energi Internasional Tbk 2024 Annual Report
247
Page 411
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN 46. FINANCIAL INSTRUMENTS
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
Tabel berikut menyajikan klasifikasi instrumen The following table presents the classification of
keuangan dan membandingkan nilai tercatat financial instruments and compare the carrying
dan estimasi nilai wajar dari instrumen amounts and estimated fair values of the
keuangan Grup yang dicatat di laporan posisi financial instruments of the Group that are
keuangan konsolidasian 31 Desember 2024 carried in the consolidated statements of
dan 2023: financial position as of December 31, 2024 and
2023:
2024 2023
Nilai Tercatat/ Nilai Tercatat/
Carrying Nilai Wajar/ Carrying Nilai Wajar/
Amounts Fair Value Amounts Fair Value
Aset Keuangan Financial Assets
Aset lancar Current assets
Concession financial
Aset keuangan konsesi 33.383.537 33.383.537 32.833.257 32.833.257 assets
Investasi jangka pendek 11.025.523 11.025.523 10.997.817 10.997.817 Short-term investments
Aset derivatif 1.873.705 1.873.705 2.393.239 2.393.239 Derivative assets
Aset tidak lancar Non-current assets
Concession financial
Aset keuangan konsesi 547.347.966 625.066.681 461.038.028 484.004.001 assets
Investasi jangka panjang 180.838.190 180.838.190 278.478.774 278.478.774 Long-term investment
Aset derivatif 25.924.201 25.924.201 25.672.882 25.672.882 Derivative assets
Jumlah Aset Keuangan 800.393.122 878.111.837 811.413.997 834.379.970 Total Financial Assets
Liabilitas Keuangan Financial Liabilities
Liabilitas jangka pendek Current liabilities
Pinjaman bank jangka
pendek 54.691.856 54.691.856 147.595.813 147.595.813 Short-term bank loan
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
Pinjaman bank 162.501.916 162.501.916 156.613.607 156.613.607 Bank loans
Pinjaman dari instansi Loan from a non-bank
keuangan non-bank 14.871 14.871 3.438.090 3.438.090 financial institution
Obligasi Rupiah 211.478.310 211.478.310 87.853.017 87.853.017 Rupiah bonds
Liabilitas derivatif 12.653.816 12.653.816 8.989.394 8.989.394 Derivative liabilities
Liabilitas jangka
panjang Non-current liabilities
Pinjaman jangka panjang: Long-term debts:
Pinjaman bank 1.028.429.769 982.922.113 691.356.819 644.061.761 Bank loans
Pinjaman dari instansi Loan from a non-bank
keuangan non-bank 69.990.180 42.479.051 21.212.390 16.555.497 financial institution
Obligasi Rupiah 330.777.880 336.830.716 422.274.407 428.770.182 Rupiah bonds
Obligasi Dolar AS 1.442.197.561 1.503.895.960 1.765.072.297 1.786.904.643 US Dollar bonds
Liabilitas derivatif 30.742.102 30.742.102 10.278.206 10.278.206 Derivative liabilities
Jumlah Liabilitas Total Financial
Keuangan 3.343.478.261 3.338.210.711 3.314.684.040 3.291.060.210 Liabilities
248
PT Medco Energi Internasional Tbk 2024 Annual Report
409
407
Page 412
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were
mengestimasi nilai wajar untuk kelompok used to estimate the fair value of each class of
instrumen keuangan yang praktis untuk financial instruments for which it is practicable to
memperkirakan nilai tersebut: estimate such value:
i. Instrumen keuangan dicatat pada nilai i. Financial instruments carried at fair value
wajar
Investasi jangka pendek diukur pada Short-term investments are measured at
harga kuotasian yang dipublikasikan pada published quoted market prices in an
pasar aktif. active market.
Instrumen derivatif diukur pada nilai Fair values of derivative instruments are
wajarnya berdasarkan teknik penilaian estimated using appropriate valuation
yang wajar dengan nilai input pasar yang techniques with market observable inputs.
dapat diobservasi.
Pada tanggal 31 Desember 2024 dan As of December 31, 2024 and 2023, the
2023, nilai wajar investasi jangka panjang fair value of the equity investment in
di DSLNG ditentukan menggunakan arus DSLNG is determined using a discounted
kas yang didiskontokan dan metode cash flow model and Guideline Publicly
Guideline Publicly Traded Companies Traded Companies (GPTC) method. The
(GPTC). Penilaian tersebut mengharuskan valuation requires management to make
manajemen untuk membuat asumsi certain assumptions about the model
tertentu tentang input model, termasuk inputs, including forecast cash flows, the
perkiraan arus kas, tingkat diskonto, risiko discount rate, credit risk and volatility. The
kredit dan volatilitas. Probabilitas dari probabilities of the various estimates within
berbagai estimasi dalam kisaran tersebut the range can be reasonably assessed
dapat dinilai secara wajar dan digunakan and are used in management’s estimate of
dalam estimasi manajemen atas nilai fair value for these non-listed equity
wajar untuk investasi ekuitas yang tidak investments.
terdaftar ini.
Pada tanggal 31 Desember 2024 dan As of December 31, 2024 and 2023, the
2023, nilai wajar investasi jangka panjang fair value of the equity investment in
di SMCN ditentukan menggunakan SMCN is determined using market
pendekatan pasar dengan menggunakan approach using Guideline Publicly Traded
metode Guideline Publicly Traded Companies (GPTC) method. Under the
Companies (GPTC). Berdasarkan metode market approach GPTC method, the fair
pendekatan pasar GPTC, nilai wajar value is derived from trading price
diperoleh dari harga perdagangan multiples of selected set of comparable
sejumlah perusahaan publik yang public companies (i.e. guideline
sebanding (yaitu perusahaan pemandu) companies) to the valuation object at the
dengan objek penilaian pada tanggal valuation date.
penilaian.
ii. Pinjaman dan utang ii. Loans and borrowings
Nilai wajar dari pinjaman jangka panjang The fair values of long-term debts (bank
(pinjaman bank, pinjaman dari instansi loans, loan from a non-bank institution,
keuangan non-bank, dan wesel jangka and medium-term notes), are determined
menengah) dihitung berdasarkan arus kas based on discounted cash flows method.
yang didiskontokan.
Nilai wajar dari pinjaman jangka panjang The fair values of long-term debts (Rupiah
(obligasi Rupiah dan obligasi Dolar AS) bonds and US Dollar bonds), are
dihitung berdasarkan harga kuotasian determined based on published quoted
yang dipublikasikan pada pasar aktif. market prices in an active market.
410
408 PT Medco Energi Internasional Tbk 2024 Annual Report
249
Page 413
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were
mengestimasi nilai wajar untuk kelompok used to estimate the fair value of each class of
instrumen keuangan yang praktis untuk financial instruments for which it is practicable to
memperkirakan nilai tersebut: (lanjutan) estimate such value: (continued)
ii. Pinjaman dan utang (lanjutan) ii. Loans and borrowings (continued)
Liabilitas sewa diestimasi menggunakan Lease liabilities are estimated using a
model diskonto arus kas. discounted cash flow model.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the
nilai tercatat instrumen keuangan berikut ini carrying amount of the following financial
mendekati nilai wajarnya: instruments is a reasonable approximation of its
fair value:
i. Instrumen keuangan yang jatuh tempo i. Financial instruments with short-term
dalam jangka pendek maturities
Nilai wajar kas dan setara kas, deposito Fair values of cash and cash equivalents,
dan rekening bank yang dibatasi restricted time deposits and cash in banks,
penggunaannya, piutang usaha dan lain- trade and other receivables (excluding
lain (kecuali PPN yang dapat ditagihkan), reimbursable VAT), short-term bank loans,
pinjaman bank jangka pendek, utang trade and other payables, and accrued
usaha dan utang lain-lain, dan biaya expenses approximate their carrying
akrual mendekati nilai tercatatnya karena amounts due to the short-term maturities
jatuh temponya dalam jangka pendek dan and nature of the financial instruments.
sifat instrumen keuangan tersebut.
ii. Instrumen keuangan lainnya ii. Other financial instrument
Nilai wajar dari bagian tidak lancar setoran The fair values of non-current security
jaminan (termasuk pada Aset Lain-lain) deposits (included in Other Assets), are
adalah sama dengan nilai tercatat karena the same as their carrying amounts
nilai wajarnya tidak dapat diukur secara because their fair values cannot be
andal, tanpa menimbulkan biaya yang measured reliably, without incurring
berlebihan. Tidak praktis untuk excessive costs. It is not practical to
memperkirakan nilai wajar dari instrumen estimate the fair value of these instruments
ini dikarenakan instrumen ini tidak memiliki because there are no fixed repayment
jangka waktu pembayaran yang tetap, terms, although these are not expected to
meskipun tidak diharapkan dapat be settled within twelve (12) months after
diselesaikan dalam waktu dua belas (12) financial reporting date.
bulan setelah tanggal pelaporan.
Aset keuangan yang nilai wajarnya Financial assets for which fair values are
diungkapkan: disclosed:
Aset keuangan konsesi diestimasi Concession financial assets are estimated using
menggunakan model diskonto arus kas. a discounted cash flow model. The valuation
Penilaian tersebut mengharuskan manajemen requires management to make certain
untuk membuat asumsi tertentu tentang input assumptions about the model inputs, including
model, termasuk perkiraan arus kas, tingkat forecast cash flows, the discount rate, credit risk
diskonto, risiko kredit dan volatilitas. and volatility. The probabilities of the various
Probabilitas dari berbagai estimasi dalam estimates within the range can be reasonably
kisaran tersebut dapat dinilai secara wajar dan assessed and are used in management’s
digunakan dalam estimasi manajemen atas nilai estimate of fair value.
wajar.
250
PT Medco Energi Internasional Tbk 2024 Annual Report
411
409
Page 414
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Hierarki nilai wajar pada tanggal The hierarchy of fair value as of
31 Desember 2024 dan 2023 adalah sebagai December 31, 2024 and 2023 are as follows:
berikut:
2024
Harga pasar yang Input yang
dikuotasikan signifikan dan Input yang
untuk aset dapat diobservasi signifikan
dan liabilitas secara langsung tetapi tidak
yang sama maupun tidak dapat
(Level 1)/ langsung diobservasi
Market value (Level 2)/ (Level 3)/
quotation for Significant Significant
similar input and input
assets and observable directly but
Jumlah/ liabilities or indirectly unobservable
Total (Level 1) (Level 2) (Level 3)
Aset diukur pada nilai Assets measured at fair
wajar value
Aset Keuangan Financial Assets
Investasi jangka pendek 11.025.523 11.025.523 – – Short-term investments
Investasi jangka panjang 180.838.190 – – 180.838.190 Long-term investment
Derivatif pada lindung Derivatives in effective
nilai efektif hedge .
Aset derivatif 27.797.906 – 27.797.906 – Derivative assets
Liabilitas diukur pada Liabilities measured at
nilai wajar fair value
Liabilitas keuangan Financial Liabilities
Derivatif pada lindung Derivatives in effective
nilai efektif hedge
Liabilitas derivatif 43.395.918 – 43.395.918 – Derivative liabilities
Aset yang nilai wajarnya Assets for which fair
diungkapkan value is disclosed
Aset keuangan Financial Assets
Concession financial
Aset keuangan konsesi 658.450.218 – – 658.450.218 assets
Liabilitas yang nilai Liabilities for which fair
wajarnya diungkapkan value is disclosed
Liabilitas keuangan Financial Liabilities
Pinjaman bank jangka
pendek 54.691.856 54.691.856 – – Short-term bank loan
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
Pinjaman bank 162.501.916 – 162.501.916 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 14.871 – 14.871 – financial institution
Obligasi Rupiah 211.478.310 211.478.310 – – Rupiah bonds
Pinjaman jangka panjang: Long-term debts:
Pinjaman bank 982.922.113 – 982.922.113 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 42.479.051 – 42.479.051 – financial institution
Obligasi Rupiah 336.830.716 336.830.716 – – Rupiah bonds
Obligasi Dolar AS 1.503.895.960 1.503.895.960 – – US Dollar bonds
412
410 PT Medco Energi Internasional Tbk 2024 Annual Report
251
Page 415
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
a. Nilai Wajar atas Instrumen Keuangan a. Fair Values of Financial Instruments
(lanjutan) (continued)
Hierarki nilai wajar pada tanggal The hierarchy of fair value as of
31 Desember 2024 dan 2023 adalah sebagai December 31, 2024 and 2023 are as follows:
berikut: (lanjutan) (continued)
2023
Harga pasar yang Input yang
dikuotasikan signifikan dan Input yang
untuk aset dapat diobservasi signifikan
dan liabilitas secara langsung tetapi tidak
yang sama maupun tidak dapat
(Level 1)/ langsung diobservasi
Market value (Level 2)/ (Level 3)/
quotation for Significant Significant
similar input and input
assets and observable directly but
Jumlah/ liabilities or indirectly unobservable
Total (Level 1) (Level 2) (Level 3)
Aset diukur pada nilai Assets measured at fair
wajar value
Aset Keuangan Financial Assets
Investasi jangka pendek 10.997.817 10.997.817 – – Short-term investments
Investasi jangka panjang 278.478.774 – – 278.478.774 Long-term investment
Derivatif pada lindung Derivatives in effective
nilai efektif hedge .
Aset derivatif 28.066.121 – 28.066.121 – Derivative assets
Liabilitas diukur pada Liabilities measured at
nilai wajar fair value
Liabilitas keuangan Financial Liabilities
Derivatif pada lindung Derivatives in effective
nilai efektif hedge
Liabilitas derivatif 19.267.600 – 19.267.600 – Derivative liabilities
Aset yang nilai wajarnya Assets for which fair
diungkapkan value is disclosed
Aset keuangan Financial Assets
Concession financial
Aset keuangan konsesi 516.837.258 – – 516.837.258 assets
Liabilitas yang nilai Liabilities for which fair
wajarnya diungkapkan value is disclosed
Liabilitas keuangan Financial Liabilities
Pinjaman bank jangka
pendek 147.595.813 147.595.813 – – Short-term bank loan
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
Pinjaman bank 156.613.607 – 156.613.607 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 3.438.090 – 3.438.090 – financial institution
Obligasi Rupiah 87.853.017 87.853.017 – – Rupiah bonds
Pinjaman jangka panjang: Long-term debts:
Pinjaman bank 644.061.761 – 644.061.761 – Bank loans
Pinjaman dari instansi Loans from non-bank
keuangan non-bank 16.555.497 – 16.555.497 – financial institution
Obligasi Rupiah 428.770.182 428.770.182 – – Rupiah bonds
Obligasi Dolar AS 1.786.904.643 1.786.904.643 – – US Dollar bonds
252
PT Medco Energi Internasional Tbk 2024 Annual Report
413
411
Page 416
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
Liabilitas keuangan pokok Grup meliputi The principal financial liabilities of the Group
pinjaman jangka pendek dan jangka panjang, consist of short-term and long-term debts, trade
utang usaha dan lain-lain dan biaya akrual. and other payables and accrued expenses. The
Tujuan utama dari liabilitas keuangan ini adalah main purpose of these financial liabilities is to
untuk mengumpulkan dana untuk operasi Grup. raise funds for the operations of the Group. The
Grup mempunyai berbagai aset keuangan Group has various financial assets such as
seperti piutang usaha dan kas dan setara kas, trade receivables and cash and cash
yang dihasilkan langsung dari kegiatan equivalents, which arise directly from its
usahanya. operations.
Risiko utama yang timbul dari instrumen The main risks arising from the Group’s financial
keuangan Grup adalah risiko suku bunga, risiko instruments are interest rate risk, foreign
fluktuasi nilai tukar mata uang asing, risiko exchange rate risk, credit risk, liquidity risk and
kredit, risiko likuiditas dan risiko volatilitas price volatility risk. The importance of managing
harga. Pentingnya untuk mengelola risiko ini these risks has significantly increased in light of
telah meningkat secara signifikan dengan the considerable change and volatility in both
mempertimbangkan perubahan dan volatilitas Indonesian and international financial markets.
pasar keuangan baik di Indonesia maupun The Company’s Directors review and approve
internasional. Direksi Perusahaan menelaah the policies for managing these risks which are
dan menyetujui kebijakan untuk mengelola summarized below:
risiko-risiko yang dirangkum di bawah ini:
i. Risiko suku bunga i. Interest rate risk
Kebijakan Grup terkait dengan risiko suku The Group’s policy relating to interest rate
bunga adalah dengan mengelola biaya risk is to manage interest cost through a
bunga melalui kombinasi pinjaman dengan mix of fixed and variable rate debts. The
suku bunga tetap dan variabel. Grup Group evaluates the comparability of the
mengevaluasi perbandingan suku bunga fixed rate to floating rate of its short-term
tetap terhadap suku bunga mengambang bank loans and long-term debts in line with
dari pinjaman bank jangka pendek dan movements of relevant interest rates in the
pinjaman jangka panjang sejalan dengan financial markets. Based on
perubahan suku bunga yang relevan di management’s assessment, the new
pasar keuangan. Berdasarkan evaluasi financing will be priced either on a fixed
manajemen, pembiayaan baru akan rate or floating rate basis.
ditentukan harganya pada suku bunga
tetap atau mengambang.
Grup memiliki risiko tingkat suku bunga The Group’s exposure to the risk of
pasar yang terutama berasal dari changes in market interest rates relates
pergerakan suku bunga piutang pasar dan primarily to movement of receivable
liabilitas jangka panjang dengan tingkat market interest and long-term obligations
suku bunga mengambang. Untuk with floating interest rates. In order to
mengelola risiko suku bunga, Grup manage interest rate risk, the Group
melakukan transaksi Swap Suku Bunga. entered into Interest Rate Swaps.
414
412 PT Medco Energi Internasional Tbk 2024 Annual Report
253
Page 417
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Tabel di bawah ini menyajikan nilai The following table sets out the carrying
tercatat, berdasarkan periode jatuh tempo amounts, by maturity, of the Group’s
dari instrumen keuangan Grup yang financial instruments that are exposed to
terkena dampak risiko suku bunga: interest rate risk:
2024
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than 5 Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years years Total Description
Aset derivatif 1.873.705 1.773.169 8.250.279 15.900.753 27.797.906 Derivative assets
Pinjaman bank jangka
panjang 86.686.029 100.878.134 126.023.162 33.267.280 346.854.605 Long-term bank loans
Liabilitas derivatif 12.653.816 4.457.133 21.217.850 5.067.119 43.395.918 Derivative liabilities
2023
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than 5 Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years years Total Description
Aset derivatif 2.393.239 113.514 4.513.432 21.045.936 28.066.121 Derivative assets
Pinjaman bank jangka
panjang 17.315.077 17.665.387 149.751.157 1.419.355 186.150.976 Long-term bank loans
Liabilitas derivatif 8.989.394 3.033.029 4.427.005 2.818.172 19.267.600 Derivative liabilities
Bunga atas instrumen keuangan yang Interest on financial instruments classified
diklasifikasikan sebagai tingkat suku as floating rate is re-priced at intervals of
bunga mengambang direvisi dalam jangka less than one year. Interest on financial
waktu kurang dari satu tahun. Sedangkan instruments classified as fixed rate is fixed
untuk yang termasuk dalam klasifikasi until the maturity of the financial
sebagai tingkat suku bunga tetap adalah instrument. The other financial instruments
tetap sampai dengan jatuh tempo of the Group that are not included in the
instrumen keuangan tersebut. Instrumen table above are either non-interest bearing
keuangan Grup lainnya yang tidak or have fixed interest rates and are
termasuk dalam tabel di atas adalah therefore not subject to interest rate risk.
instrumen keuangan yang tidak dikenakan As of December 31, 2024, bank loan
bunga atau dengan suku bunga tetap dan classified as fixed rate constitute 68.6% of
oleh karena itu tidak terkena dampak the total bank loans.
risiko perubahan suku bunga. Pada
tanggal 31 Desember 2024, pinjaman
bank dengan bunga tetap mencakup
68,6% dari jumlah keseluruhan pinjaman
bank.
Grup melakukan transaksi swap atas The Group entered into interest rate swaps
tingkat suku bunga sebagai instrumen hedging instruments to manage its interest
lindung nilai untuk mengelola risiko atas rate risk.
tingkat bunga.
254
PT Medco Energi Internasional Tbk 2024 Annual Report
415
413
Page 418
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Pada tanggal 31 Desember 2024, jika As of December 31, 2024, if the borrowing
tingkat suku bunga pinjaman meningkat/ rate increases/decreases by 0.5% with all
menurun sebesar 0,5% dengan semua other variables held constant, the
variabel lain konstan, laba konsolidasian consolidated profit before income tax
sebelum beban pajak penghasilan dari expense from continuing operations will be
operasi yang dilanjutkan akan lebih lower or higher by US$5.95 million, as a
rendah atau tinggi sebesar AS$5,95 juta result of higher or lower interest expense
sebagai akibat dari lebih tinggi atau on borrowings.
rendah beban bunga dari pinjaman.
Pada tanggal 31 Desember 2023, jika As of December 31, 2023, if the borrowing
tingkat suku bunga pinjaman meningkat/ rate increases/decreases by 0.5% with all
menurun sebesar 0,5% dengan semua other variables held constant, the
variabel lain konstan, rugi konsolidasian consolidated loss before income tax
sebelum beban pajak penghasilan dari expense from continuing operations will be
operasi yang dilanjutkan akan lebih tinggi higher or lower by US$4.24 million, as a
atau rendah sebesar AS$4,24 juta sebagai result of higher or lower interest expense
akibat dari lebih tinggi atau rendah beban on borrowings.
bunga dari pinjaman.
Grup terekspos pada LIBOR USD (‘IBOR’) The Group is exposed to the USD LIBOR
yang terdampak pada reformasi acuan (‘IBOR’) which are subject to interest rate
suku bunga. Eksposur timbul atas aset benchmark reform. The exposures arise
dan liabilitas keuangan derivatif dan non- on derivatives and non-derivative financial
derivatif (misalnya utang). assets and liabilities (e.g. debt).
Seperti tercantum dalam Catatan 27, Grup As listed in Note 27, the Group has cash
memiliki hubungan lindung nilai arus kas flow hedge relationships affected by the
yang dipengaruhi oleh reformasi acuan interest rate benchmark reform. Hedged
suku bunga. Item lindung nilaian dalam items in these hedges include issued USD
lindung nilai ini termasuk utang suku LIBOR floating rate debt. Hedging
bunga mengambang LIBOR USD yang instruments include IBOR based interest
diterbitkan. Instrumen lindung nilai rate swaps and a LIBOR-linked cross
termasuk swap atas tingkat suku bunga currency swap. The Group also has bank
berbasis IBOR dan swap atas mata uang borrowings which are not designated in
asing terkait LIBOR. Grup juga memiliki hedging relationships.
pinjaman bank yang tidak ditetapkan
dalam hubungan lindung nilai.
Sejak Oktober 2020, Grup telah Since October 2020, the Group has closely
memantau pasar dan berbagai macam monitored the market and various working
perusahaan mengenai perkembangan companies regarding development of
penghentian LIBOR dan dampaknya LIBOR cessation and its impact to the
terhadap industri terkait. Hal ini termasuk related industry. This includes
pengumuman yang dibuat oleh regulator announcements made by LIBOR
LIBOR (termasuk UK Financial Conduct regulators (including the UK Financial
Authority (FCA), New York Fed dan US Conduct Authority (FCA), New York Fed,
Commodity Futures Trading Commission) and the US Commodity Futures Trading
serta International Benchmark Commission) as well as International
Administration (IBA) sebagai administrator Benchmark Administration (IBA) as LIBOR
LIBOR. administrator.
416
414 PT Medco Energi Internasional Tbk 2024 Annual Report
255
Page 419
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Menanggapi pengumuman tersebut, Grup In response to the announcements, the
telah membentuk Program Transisi LIBOR Group has conducted LIBOR Transition
untuk mengidentifikasi kontrak di seluruh Program to identify contracts across the
perusahaan yang mengacu pada LIBOR companies referring to LIBOR and develop
dan mengembangkan rencana kerja dan work plans and corresponding timelines to
jadwal yang sesuai untuk mempersiapkan prepare for the transition. The Program
transisi. Program ini terdiri dari sebagian comprised of most of the functions within
besar fungsi yang ada di dalam Grup: the Group: corporate finance and treasury,
corporate finance dan treasuri, keuangan finance and reporting, finance functional
dan pelaporan, finance functional excellence, accounting, tax, legal,
excellence, akuntansi, pajak, hukum, planning, commercial, supply chain, and
perencanaan, komersial, supply chain, risk management with one project
dan manajemen risiko dengan satu coordinator. The Steering Committee leads
koordinator proyek. Komite Pengarah the LIBOR Transition Program and
memimpin Program Transisi LIBOR dan consists of two Directors and a Vice
terdiri dari dua orang Direktur dan seorang President.
Vice President.
Risiko yang timbul dari reformasi acuan Risks arising from the interest rate
suku bunga benchmark reform
Risiko utama Grup yang timbul dari The key risks for the Group arising from
transisi adalah: the transition are:
• Risiko basis suku bunga: • Interest rate basis risk:
Terdapat dua elemen terkait risiko ini There are two elements to this risk as
seperti yang diuraikan di bawah ini: outlined below:
– Jika negosiasi bilateral dengan – If bilateral negotiations within the
pihak lain Grup tidak berhasil Group’s counterparties are not
diselesaikan sebelum successfully concluded before the
penghentian USD LIBOR, cessation of USD LIBOR, there
terdapat ketidakpastian moderat are moderate uncertainties with
terkait dengan tingkat suku bunga regard to the interest rate that
yang akan berlaku. Hal ini would apply. This gives rise to
menimbulkan risiko suku bunga additional interest rate risk that
tambahan yang tidak diantisipasi was not anticipated when the
saat kontrak ditandatangani. contracts were signed into. The
Grup sedang bekerja sama Group is working closely with all
dengan semua pihak lain untuk counterparties to avoid this from
menghindari terjadinya hal occurring.
tersebut.
– Risiko basis suku bunga dapat – Interest rate basis risk may arise
timbul jika instrumen non-derivatif if a non-derivative instrument and
dan instrumen derivatif yang the derivative instrument held to
dimiliki untuk mengelola risiko manage the interest risk on the
suku bunga pada instrumen non- non-derivative instrument,
derivatif, transisi ke suku bunga transition to alternative
acuan alternatif pada waktu yang benchmark rates at different
berbeda. times.
256
PT Medco Energi Internasional Tbk 2024 Annual Report
417
415
Page 420
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Risiko yang timbul dari reformasi acuan Risks arising from the interest rate
suku bunga (lanjutan) benchmark reform (continued)
Risiko utama Grup yang timbul dari The key risks for the Group arising from
transisi adalah: (lanjutan) the transition are: (continued)
• Akuntansi • Accounting
Pada Juni 2020, Dewan Standar In June 2020, Financial Accounting
Akuntansi Keuangan Institut Akuntan Standards Board of the Indonesian
Indonesia menerbitkan Amandemen Institute of Accountants issued
PSAK 109 Instrumen Keuangan, Amendment of PSAK 109 Financial
Amandemen PSAK 239 Instrumen Instruments, Amendment of PSAK
Keuangan: Pengakuan dan 239 Financial Instruments:
Pengukuran, dan Amandemen PSAK Recognition and Measurements, and
107 Instrumen Keuangan: Amendment of PSAK 107 Financial
Pengungkapan Reformasi IBOR. Instruments: Disclosures on IBOR
Perubahan tersebut akan Reform. Such change will affect
mempengaruhi arus kas masa depan future cash flows in both contractual
di kedua instrumen keuangan suku floating rate financial instruments
bunga mengambang kontraktual currently referenced to IBOR, and
yang saat ini mengacu pada IBOR, highly probable forecast transactions
dan perkiraan transaksi yang sangat for which IBOR is designated as the
mungkin terjadi di mana IBOR hedged risk. If transition to alternative
ditetapkan sebagai risiko lindung benchmark rates for certain contracts
nilai. Jika transisi ke suku bunga is finalized in a manner that does not
acuan alternatif untuk kontrak permit the application of the reliefs
tertentu difinalisasi dengan cara yang introduced in the Phase 2
tidak termasuk dalam keringanan amendments, this could lead to
pada amandemen Fase 2, hal ini discontinuation of hedge accounting
dapat mengakibatkan pengakhiran relationships, increased volatility in
hubungan akuntansi lindung nilai, profit or loss if re-designated hedges
peningkatan volatilitas pada laba rugi are not fully effective and volatility in
jika lindung nilai yang ditetapkan the profit or loss if non-derivative
ulang tidak efektif, dan volatilitas financial instruments are modified or
pada laba rugi jika instrumen derecognized. The Group is aiming to
keuangan non-derivatif dimodifikasi agree changes to contracts that
atau dihentikan pengakuannya. Grup would allow PSAK 109 reliefs to
menargetkan untuk menyetujui apply.
perubahan kontrak yang memenuhi
kriteria keringanan PSAK 109.
418
416 PT Medco Energi Internasional Tbk 2024 Annual Report
257
Page 421
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Risiko yang timbul dari reformasi acuan Risks arising from the interest rate
suku bunga (lanjutan) benchmark reform (continued)
Risiko utama Grup yang timbul dari The key risks for the Group arising from
transisi adalah: (lanjutan) the transition are: (continued)
• Risiko komersial: • Commercial risk:
Fallback language yang tidak ada Missing fallback language in Gas
dalam perjanjian Gas Sales Sales Agreements (“GSA”) and
Agreements (“GSA”) dan Crude Oil Crude Oil Sales and Purchase
Sales and Purchase Agreement Agreement (“COSPA”) where USD
(“COSPA”) di mana USD LIBOR LIBOR is used as a reference for late
digunakan sebagai acuan untuk payment interest might lure the buyer
bunga keterlambatan pembayaran to not pay on-time as LIBOR ceased
dapat menarik pembeli untuk tidak to exists. Additionally, amendments
membayar tepat waktu karena to GSA and COSPA require
LIBOR akan dihilangkan. Selain itu, regulator’s approval (i.e. SKK Migas)
amandemen GSA dan COSPA and may take some time. The Group
memerlukan persetujuan regulator is currently waiting for direction from
(yaitu SKK Migas) dan mungkin SKK Migas on the replacement rate.
memerlukan waktu lebih. Grup saat
ini sedang menunggu arahan dari
SKK Migas mengenai tarif
penggantian tersebut.
Kemajuan menuju penerapan suku bunga Progress towards implementation of
acuan alternatif alternative benchmark interest rates
Grup telah mengidentifikasi kontrak dan/ The Group has identified contracts and/or
atau perjanjian mengenai USD LIBOR: agreements referring to USD LIBOR:
– kontrak yang perlu diubah sebelum – contracts that need to be amended
tanggal penghentian pada tanggal before cessation date on June 30,
30 Juni 2023. 2023.
– kontrak yang tidak dapat diubah – contracts not subject to amendment
karena sudah memiliki fallback as they already have sufficient
language yang memadai, atau fallback language, or the expiry date
tanggal kedaluwarsa sebelum is before June 30, 2023.
30 Juni 2023.
– kontrak yang memerlukan – contracts that need regulator’s
persetujuan regulator, yaitu SKK approval, i.e. SKK Migas to amend
Migas untuk mengubah kontrak dan contracts and replace benchmark
mengganti suku bunga acuan. rate.
– kontrak yang merupakan perjanjian – contract that are bilateral
bilateral, yang masih menunggu agreements, which still await the
posisi bank dan kantor pajak atas banks and tax office’s positions on
penghentian LIBOR. LIBOR cessation.
Grup saat ini sedang mengevaluasi The Group is currently evaluating the
transisi dari kontrak-kontrak tersebut. transition of these contracts. In making the
Dalam membuat penilaian, Grup assessment, the Group considers the
mempertimbangkan tingkat arus kas extent of contractual cashflows, with
kontraktual, dengan mempertimbangkan consideration of both quantitative and
faktor kuantitatif dan kualitatif seperti yang qualitative factors as further discussed
dibahas lebih lanjut di bawah ini. below.
258
PT Medco Energi Internasional Tbk 2024 Annual Report
419
417
Page 422
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
i. Risiko suku bunga (lanjutan) i. Interest rate risk (continued)
Kemajuan menuju penerapan suku bunga Progress towards implementation of
acuan alternatif (lanjutan) alternative benchmark interest rates
(continued)
Adapun timeline progres reformasi acuan As for the progress timeline regarding the
suku bunga dirincikan sebagai berikut: interest rate benchmark reform detailed
below:
• Oktober 2020: Menerbitkan Program • October 2020: Launched LIBOR
Transisi LIBOR. Transition Program.
• Oktober 2020 - Januari 2021: • October 2020 - January 2021:
Mengidentifikasi kontrak yang sudah Identified existing contracts referring
berjalan terkait LIBOR dan rencana to LIBOR and composed work plans.
kerja yang sudah disusun. Conducted weekly meetings with the
Membentuk rapat mingguan dengan whole work streams to report on the
seluruh alur kerja terkait untuk progress.
melaporkan progres.
• Januari 2021 - sedang berjalan • January 2021 - Ongoing up until
sampai Maret 2023: Menghubungi March 2023: Reach out to respective
masing-masing pihak representatif parties regarding contracts
terkait amandemen kontrak dan amendments and negotiate on the
bernegoisasi mengenai fallback fallback language and replacement
language dan tarif penggantian. rates.
• 31 Desember 2021: Tidak ada • December 31, 2021: No new
pembiayaan dan kontrak derivatif financing and derivative contracts
baru terkait LIBOR. referring to LIBOR.
• Sebelum Maret 2023: Bernegosiasi • Before March 2023: Negotiate with
dengan masing-masing pihak respective parties on the replacement
mengenai tarif penggantian, rate, finalize and sign contract
menyelesaikan dan menandatangani amendments, update Group's internal
amandemen kontrak, memperbarui system with new benchmark.
sistem internal Grup dengan suku
bunga acuan baru.
• Setelah 30 Juni 2023: Melakukan • Post June 30, 2023: Perform
analisis acuan untuk menetapkan benchmark analysis to establish new
suku bunga baru untuk pinjaman interest rate for intercompany loans.
antar perusahaan.
420
418 PT Medco Energi Internasional Tbk 2024 Annual Report
259
Page 423
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
ii. Risiko fluktuasi nilai tukar mata uang asing ii. Foreign exchange rate fluctuation risk
Pembukuan Grup dilakukan dalam mata The Group maintains its bookkeeping in
uang Dolar AS, oleh karena itu, US Dollar, therefore, a portion of its
pendapatan, beban, aset dan liabilitas revenues, expenses, assets and liabilities
dalam mata uang selain Dolar AS memiliki which are denominated in currencies other
eksposur terhadap nilai tukar mata uang than US Dollar are exposed to currency
tersebut terhadap Dolar AS. Aktivitas exchange rates against US Dollar. The oil
eksplorasi dan produksi minyak dan gas and gas exploration and production
Grup di berbagai negara tidak terlepas activities of the Group in various countries
dari eksposur mata uang setempat. are also exposed to the currency
exchange fluctuations of the local
currencies.
Untuk mengelola risiko mata uang, Grup In order to manage currency risk, the
menandatangani beberapa kontrak swap Group entered into several cross-currency
atas mata uang silang dan kontrak swap and forward contracts. As of
forward. Pada tanggal 31 Desember 2024 December 31, 2024 and 2023, these
dan 2023, kontrak ini dicatat sebagai contracts are accounted for as
transaksi yang tidak ditetapkan sebagai transactions that are not designated as
lindung nilai kecuali kontrak lindung nilai hedging contracts except for cash flow
atas arus kas, dimana keuntungan atau hedging contracts, in which the gain or
kerugian yang timbul dari bagian efektif loss arising from the effective portion of
lindung nilai atas arus kas dikreditkan atau cash flow hedge is credited or charged to
dibebankan di penghasilan komprehensif other comprehensive income (Note 27).
lain (Catatan 27).
Entitas anak tertentu Grup memiliki mata Certain subsidiaries of the Group have
uang fungsional dalam Rupiah. Entitas functional currencies in Rupiah. These
anak ini terkena dampak atas selisih nilai subsidiaries are exposed to foreign
kurs atas pembelian dan beban utama exchange risk as the costs of their major
dalam mata uang yang berbeda dengan purchases and expenses are denominated
mata uang fungsionalnya. Namun, entitas in other currencies different from their
anak ini memiliki lindung nilai alami karena functional currency. However, these
pendapatan tertentu, beban utama dan subsidiaries have natural hedge due to
pendanaan dalam Dolar AS. certain revenues, major expenses and
financing are in US Dollar.
Pada tanggal 31 Desember 2024, jika nilai As of December 31, 2024, if the exchange
tukar Dolar AS terhadap mata uang asing rate of the US Dollar against foreign
meningkat/menurun sebanyak 10% currencies increases/decreases by 10%
dengan semua variabel lain konstan, laba with all other variables held constant, the
konsolidasian sebelum beban pajak consolidated profit before income tax
penghasilan dari operasi yang dilanjutkan expense from continuing operations will be
akan lebih rendah/tinggi sebesar AS$116 lower/higher by US$116 million primarily
juta terutama sebagai akibat dari kerugian/ as a result of foreign exchange losses/
keuntungan selisih kurs dari translasi aset gains on translations of net monetary
dan liabilitas moneter neto. assets and liabilities.
260
PT Medco Energi Internasional Tbk 2024 Annual Report
421
419
Page 424
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
ii. Risiko fluktuasi nilai tukar mata uang asing ii. Foreign exchange rate fluctuation risk
(lanjutan) (continued)
Pada tanggal 31 Desember 2023, jika nilai As of December 31, 2023, if the exchange
tukar Dolar AS terhadap mata uang asing rate of the US Dollar against foreign
meningkat/menurun sebanyak 10% currencies increases/decreases by 10%
dengan semua variabel lain konstan, rugi with all other variables held constant, the
konsolidasian sebelum manfaat pajak dari consolidated loss before income tax
operasi yang dilanjutkan akan lebih tinggi/ expense from continuing operations will be
rendah sebesar AS$97 juta terutama higher/lower by US$97 million primarily as
sebagai akibat dari kerugian/keuntungan a result of foreign exchange losses/gains
selisih kurs dari translasi aset dan liabilitas on translations of net monetary assets and
moneter neto. liabilities.
iii. Risiko kredit iii. Credit risk
Risiko kredit adalah risiko dimana salah Credit risk is the risk that one party to
satu pihak atas instrumen keuangan akan financial instruments will fail to discharge
gagal memenuhi kewajibannya dan its obligation and will incur a financial loss
menyebabkan pihak lain mengalami to the other party.
kerugian keuangan.
Eksposur paling besar adalah sebesar The most significant exposure to the credit
nilai tercatat aset keuangan sebagaimana risk is represented by the carrying
diungkapkan pada Catatan 6, 7, 8 dan 9 amounts of financial assets as shown in
atas laporan keuangan konsolidasian. Notes 6, 7, 8 and 9 of the consolidated
financial statements.
Kas dan setara kas Cash and cash equivalents
Sehubungan dengan kas di bank dan With respect to cash in banks and time
deposito berjangka yang ditempatkan deposits with financial institutions, the
pada institusi keuangan, Grup hanya Group transacts only with financially
bertransaksi dengan institusi keuangan financial institutions and banks with high
dan bank yang sehat. Risiko kredit atas credit ratings. Credit risk arising from
penempatan rekening koran dan deposito placement of current accounts and
dikelola oleh manajemen sesuai dengan deposits is managed in accordance with
kebijakan Grup. Investasi atas kelebihan the Group’s policy. Investments of surplus
dana dibatasi untuk tiap-tiap bank dan funds are limited for each bank and this
kebijakan ini dievaluasi setiap tahun oleh policy is evaluated annually by the
direksi. Batas tersebut ditetapkan untuk directors. Such limits are set to
meminimalkan risiko konsentrasi kredit minimize any significant concentration of
sehingga mengurangi kemungkinan credit risk and therefore mitigate financial
kerugian akibat kebangkrutan bank-bank loss through potential failure of the banks.
tersebut.
Grup menyimpan kas dan setara kasnya The Group has placements of its cash and
di dua bank yang secara individu masing- cash equivalents in two banks that
masing mewakili 10,57%-28,22% dan individually represented 10.57%-28.22%
18,95%-32,61% dari jumlah kas dan and 18.95%-32.61% of the total cash and
setara kas pada tanggal 31 Desember cash equivalents as of December 31, 2024
2024 dan 2023. and 2023, respectively.
422
420 PT Medco Energi Internasional Tbk 2024 Annual Report
261
Page 425
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iii. Risiko kredit (lanjutan) iii. Credit risk (continued)
Kas dan setara kas (lanjutan) Cash and cash equivalents (continued)
Deposito dan rekening bank yang dibatasi The Group’s restricted time deposits and
penggunaannya milik Grup ditempatkan cash in banks are placed in one bank that
pada satu bank yang masing-masing represented 63.35% and 54.86% of the
mewakili 63,35% dan 54,86% dari jumlah total restricted time deposits and cash in
deposito dan rekening bank yang dibatasi banks as of December 31, 2024 and 2023,
penggunaannya pada tanggal respectively. Identified concentrations of
31 Desember 2024 dan 2023. Identifikasi credit risk, if any, are controlled and
konsentrasi kredit, bila ada, telah managed accordingly.
dikendalikan dan dikelola sedemikian
rupa.
Piutang usaha Trade receivables
Risiko kredit yang dihadapi Grup berasal The Group is exposed to credit risk arising
dari kredit yang diberikan kepada from the credit granted to its customers.
pelanggan. Grup melakukan hubungan The Group trades only with recognized
usaha hanya dengan pihak ketiga yang and creditworthy third parties. It is the
diakui dan kredibel. Grup memiliki Group’s policy that all customers who wish
kebijakan untuk semua pelanggan yang to trade on credit terms are subject to
akan melakukan perdagangan secara credit verification procedures. In addition,
kredit harus melalui prosedur verifikasi receivable balances are monitored on an
kredit. Sebagai tambahan, jumlah piutang ongoing basis to reduce the exposure to
dipantau secara terus menerus untuk bad debts.
mengurangi risiko piutang yang tidak
tertagih.
Pada tanggal 31 Desember 2024 dan As of December 31, 2024 and 2023, the
2023, pelanggan Grup dengan piutang Group’s customers with trade receivables
usaha lebih dari 10% dari jumlah piutang over than 10% of the Group’s trade
usaha Grup adalah sebagai berikut: receivables are as follows:
2024 2023
Sembcorp Gas Pte. Ltd. 15 % 11 % Sembcorp Gas Pte. Ltd.
PT Perusahaan Gas Negara Tbk 14 % 13 % PT Perusahaan Gas Negara Tbk
Gas Supply Pte. Ltd 10 % 9% Gas Supply Pte. Ltd
Shell International Eastern Shell International Eastern
Trading Company 9% –% Trading Company
PT PLN (Persero) 8% 2% PT PLN (Persero)
Petroleum Developmen Oman Petroleum Developmen Oman
LLC 8% 11 % LLC
Glencore Singapore Pte. Ltd. 6% 17 % Glencore Singapore Pte. Ltd.
262
PT Medco Energi Internasional Tbk 2024 Annual Report
423
421
Page 426
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iii. Risiko kredit (lanjutan) iii. Credit risk (continued)
Piutang usaha (lanjutan) Trade receivables (continued)
a. Berdasarkan area geografis a. By geographical area
2024
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Indonesia 182.630.302 184.143.595 Indonesia
Luar negeri: Overseas:
Asia 144.239.740 2.749.055 Asia
Timur Tengah dan Afrika
Utara 30.230.253 13.381.422 Middle East and North Africa
United States of America and
Amerika Serikat dan Eropa 4.868.778 3.245.060 Europe
Jumlah 361.969.073 203.519.132 Total
2023
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Indonesia 130.574.532 153.143.845 Indonesia
Luar negeri: Overseas:
Asia 165.365.740 4.966.085 Asia
Timur Tengah dan Afrika
Utara 37.485.094 20.147.737 Middle East and North Africa
United States of America and
Amerika Serikat dan Eropa 15.105.071 – Europe
Jumlah 348.530.437 178.257.667 Total
424
422 PT Medco Energi Internasional Tbk 2024 Annual Report
263
Page 427
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iii. Risiko kredit (lanjutan) iii. Credit risk (continued)
Piutang usaha (lanjutan) Trade receivables (continued)
b. Berdasarkan jenis debitur b. By debtor
2024
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Pihak-pihak berelasi 8.442 109.657.215 Related parties
Pihak ketiga: Third parties:
Perusahaan Multinasional 184.864.170 16.857.754 Multinational companies
Badan Usaha Milik Negara 143.232.289 13.891.660 State-owned enterprises
Perusahaan lainnya 27.859.239 46.043.729 Other companies
Pemerintah Indonesia 5.460.654 10.817.107 Government of Indonesia
Individual 544.279 6.251.667 Individuals
Jumlah 361.969.073 203.519.132 Total
2023
Piutang Usaha/ Piutang Lain-lain/
Trade Receivables Other Receivables
Pihak-pihak berelasi 69.401 65.487.779 Related parties
Pihak ketiga: Third parties:
Perusahaan Multinasional 179.486.749 38.018.922 Multinational companies
Badan Usaha Milik Negara 136.898.165 5.585.803 State-owned enterprises
Perusahaan lainnya 30.054.565 53.268.123 Other companies
Pemerintah Indonesia 1.974.959 9.486.998 Government of Indonesia
Individual 46.598 6.410.042 Individuals
Jumlah 348.530.437 178.257.667 Total
iv. Risiko likuiditas iv. Liquidity risk
Risiko likuiditas didefinisikan sebagai The liquidity risk is defined as a risk where
risiko saat posisi arus kas Grup the cash flow position of the Group
menunjukkan bahwa pendapatan jangka indicates that the short-term revenue is not
pendek tidak cukup untuk menutupi sufficient to cover the short-term
pengeluaran jangka pendek. Kebutuhan expenditures. The Group liquidity
likuiditas Grup secara historis timbul dari requirements have historically arisen from
kebutuhan untuk membiayai investasi dan the need to finance investments and
pengeluaran barang modal dan untuk operational and capital expenditures.
mendanai operasional.
264
PT Medco Energi Internasional Tbk 2024 Annual Report
425
423
Page 428
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iv. Risiko likuiditas (lanjutan) iv. Liquidity risk (continued)
Dalam mengelola risiko likuiditas, Grup In the management of liquidity risk, the
memantau dan menjaga tingkat kas dan Group monitors and maintains a level of
setara kas yang dianggap memadai untuk cash and cash equivalents deemed
membiayai operasional Grup dan untuk adequate to finance the Group’s
mengatasi dampak dari fluktuasi arus kas. operations and to mitigate the effects of
Grup juga secara rutin mengevaluasi fluctuations in cash flows. The Group also
proyeksi arus kas dan arus kas aktual, regularly evaluates the projected and
termasuk jadwal jatuh tempo pinjaman actual cash flows, including long-term loan
jangka panjang, dan terus menelaah maturity profiles, and continuously
kondisi pasar keuangan untuk memelihara assesses the conditions in the financial
fleksibilitas pendanaan dengan cara market to maintain flexibility in funding by
menjaga ketersediaan komitmen fasilitas keeping committed credit facilities
kredit. Kegiatan ini bisa meliputi pinjaman available. These activities may include
bank dan penerbitan ekuitas pasar modal. bank loans and issuance of equity in the
capital market.
Tabel di bawah ini menyajikan periode The table below presents the maturity
jatuh tempo liabilitas keuangan Grup period of the Group’s financial liabilities
berdasarkan pembayaran kontraktual based on undiscounted contractual
yang tidak didiskontokan: payments:
2024
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years 5 years Total Description
Utang usaha Trade payables
- Pihak berelasi 37.769.518 – – – 37.769.518 Related parties -
- Pihak ketiga 305.828.073 – – – 305.828.073 Third parties -
Utang lain-lain Other payables
- Pihak berelasi 15.168.241 – – – 15.168.241 Related parties -
- Pihak ketiga 132.091.345 19.151.824 22.297.339 49.599.189 223.139.697 Third parties -
Biaya akrual 276.060.037 – – – 276.060.037 Accrued expenses
Pinjaman bank Bank loans
- Pokok pinjaman 219.396.938 201.137.023 682.882.957 174.855.422 1.278.272.340 Principal -
- Beban bunga masa Future imputed - interest -
depan 89.020.090 71.705.942 124.289.157 72.948.019 357.963.208 charges
Pinjaman dari instansi Loans from non-bank
keuangan non-bank financial institutions
- Pokok pinjaman 14.871 1.908.884 8.416.112 59.665.184 70.005.051 Principal -
- Beban bunga masa Future imputed - interest -
depan 5.179.487 5.179.272 15.105.513 56.838.833 82.303.105 charges
Obligasi Dolar AS US Dollar bond
- Pokok pinjaman – 242.319.000 1.233.330.000 – 1.475.649.000 Principal -
- Beban bunga masa Future imputed - interest -
depan 111.142.462 99.832.306 145.239.247 – 356.214.015 charges
Obligasi Rupiah Rupiah bond
- Pokok pinjaman 211.564.474 50.643.175 187.185.374 94.833.870 544.226.893 Principal -
- Beban bunga masa Future imputed - interest -
depan 37.615.299 26.776.357 47.772.500 7.135.663 119.299.819 charges
Liabilitas sewa 145.857.245 67.073.320 93.435.959 309.773 306.676.297 Lease liabilities
Liabilitas derivatif 12.653.816 4.457.133 21.217.850 5.067.119 43.395.918 Derivative liabilities
426
424 PT Medco Energi Internasional Tbk 2024 Annual Report
265
Page 429
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
iv. Risiko likuiditas (lanjutan) iv. Liquidity risk (continued)
2023
Lebih dari
Dalam jangka 5 tahun/
waktu 1 tahun/ 1-2 tahun/ 2-5 tahun/ More than Jumlah/
Keterangan Within 1 year 1-2 years 2-5 years 5 years Total Description
Utang usaha Trade payables
- Pihak berelasi 40.044.334 – – – 40.044.334 Related parties -
- Pihak ketiga 248.142.272 – – – 248.142.272 Third parties -
Utang lain-lain Other payables
- Pihak berelasi 15.361.309 – – – 15.361.309 Related parties -
- Pihak ketiga 101.412.447 8.607.198 27.775.304 49.327.138 187.122.087 Third parties -
Biaya akrual 240.001.718 – – – 240.001.718 Accrued expenses
Pinjaman bank Bank loans
- Pokok pinjaman 304.664.137 84.640.618 519.503.103 116.688.603 1.025.496.461 Principal -
- Beban bunga masa Future imputed - interest -
depan 57.148.532 50.643.729 120.855.701 56.850.402 285.498.364 charges
Pinjaman dari instansi Loans from non-bank
keuangan non-bank financial institutions
- Pokok pinjaman 3.438.090 5.010.402 6.792.049 9.409.939 24.650.480 Principal -
- Beban bunga masa Future imputed - interest -
depan 1.970.472 1.682.352 1.900.797 7.239.619 12.793.240 charges
Obligasi Dolar AS US Dollar bond
- Pokok pinjaman – 33.297.000 1.281.572.000 500.000.000 1.814.869.000 Principal -
- Beban bunga masa Future imputed - interest -
depan 135.577.421 133.144.174 242.115.925 14.360.548 525.198.068 charges
Obligasi Rupiah Rupiah bond
- Pokok pinjaman 87.947.912 221.802.349 126.506.226 76.301.894 512.558.381 Principal -
- Beban bunga masa Future imputed - interest -
depan 40.551.255 26.948.130 33.690.765 6.666.835 107.856.985 charges
Liabilitas sewa 136.714.011 70.242.952 52.484.217 348.661 259.789.841 Lease liabilities
Liabilitas derivatif 8.989.394 3.033.029 4.427.005 2.818.172 19.267.600 Derivative liabilities
266
PT Medco Energi Internasional Tbk 2024 Annual Report
427
425
Page 430
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
b. Tujuan dan Kebijakan Manajemen Risiko b. Risk Management Objectives and Policies
(lanjutan) (continued)
v. Risiko volatilitas harga v. Price volatility risk
Harga jual minyak Grup berdasarkan pada The selling price of the Group’s oil is
harga Indonesian Crude Price (ICP) yang based on the price of Indonesian Crude
ditetapkan oleh Kementerian Energi dan Price (ICP) that is determined by the
Sumber Daya Mineral setiap bulannya. Ministry of Energy and Mineral Resources
Sebagai akibatnya, harga yang diterima on a monthly basis. As a result, the price
oleh Grup untuk produksi minyak, akan of oil that is produced by the Group will
tergantung dari banyak faktor di luar depend largely on factors beyond the
kendali Grup. control of the Group.
Sebagian besar gas dijual di Indonesia The natural gas produced in Indonesia is
dihitung berdasarkan sistem kontrak largely sold on contract basis with fixed
dengan harga tetap dan dengan price and mechanism that allows certain
menggunakan mekanisme tingkat eskalasi level of escalation annually. There exists a
tertentu yang diterapkan setiap tahunnya. potential risk of opportunity loss when the
Dalam hal ini terdapat risiko potensi market price of oil and gas far exceeded
hilangnya peluang pada saat kenaikan the escalation cap in the contract.
harga pasar minyak dan gas bumi jauh
melebihi tingkat eskalasi dalam kontrak.
Minyak bumi Grup yang diproduksi di The Group’s oil produced in Thailand is
Thailand dijual berdasarkan harga pasar sold on the spot market on the basis of the
Brent. Sehingga, risiko yang dihadapi Brent market price. Therefore, the risk
Grup serupa dengan dampak fluktuasi faced by the Group is similar to the effects
harga minyak dan gas bumi. of oil and gas price fluctuation.
Grup memiliki eksposur terhadap risiko The Group is exposed to the risk of
fluktuasi harga komoditas di pasar fluctuations in prevailing market
terhadap produk minyak dan gas yang commodity prices on the mix of oil and gas
dihasilkan. Kebijakan Grup untuk products that it produces. The Group’s
mengelola risiko ini melalui penggunaan policy is to manage these risks through the
harga berbasis kontrak dengan pelanggan use of contract-based prices with
dan kontrak komoditas derivatif ditetapkan customers and derivative commodity
sebagai lindung nilai. contracts that are accounted for as
designated hedges.
c. Manajemen Modal c. Capital Management
Tujuan Grup ketika mengelola modal adalah: The Group’s objectives when managing capital
are:
• Mempertahankan basis modal yang kuat • To maintain a strong capital base so as to
sehingga dapat mempertahankan maintain investor, creditor and market
kepercayaan investor, kreditur dan pasar; trust; and
dan
• Mempertahankan kelangsungan • To sustain future development of the
pembangunan usaha di masa depan. business.
428
426 PT Medco Energi Internasional Tbk 2024 Annual Report
267
Page 431
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
46. INSTRUMEN KEUANGAN (lanjutan) 46. FINANCIAL INSTRUMENTS (continued)
c. Manajemen Modal (lanjutan) c. Capital Management (continued)
Grup secara berkala meninjau dan mengelola The Group regularly reviews and manages their
struktur modal mereka untuk memastikan capital structure to ensure optimal structure and
struktur yang optimal serta tingkat shareholder returns, taking into consideration
pengembalian pemegang saham, dengan the future capital requirements of the Group and
mempertimbangkan kebutuhan modal masa capital efficiency, prevailing and projected
depan dari Grup dan efisiensi modal, profitability, projected operating cash flows,
profitabilitas yang berlaku dan diproyeksikan, projected capital expenditures and projected
proyeksi arus kas operasi, proyeksi strategic investment opportunities.
pengeluaran modal dan proyeksi peluang
investasi strategis.
Untuk tujuan pengelolaan modal, manajemen For capital management purposes,
menganggap seluruh ekuitas yang diatribusikan management regards total equity attributable to
kepada pemilik entitas induk sebagai modal. the owners of parent company as capital. The
Jumlah modal pada tanggal 31 Desember 2024 amount of capital as of December 31, 2024 and
dan 2023 masing-masing sebesar AS$2.118,7 2023 is US$2,118.7 million and US$1,828.5
juta dan A$1.828,5 juta yang dianggap optimal million, respectively, which the management
oleh manajemen setelah memperhatikan considers as optimal having considered the
pengeluaran modal yang diproyeksikan dan projected capital expenditures and the projected
proyeksi peluang investasi strategis. Dan juga, strategic investment opportunities. Also, over
selama beberapa tahun, laba sebelum pajak the past years, earnings before income tax,
penghasilan, bunga, penyusutan dan amortisasi interest, depreciation and amortization
(EBITDA) telah menjadi kendali penting Grup (EBITDA) has become an important control
serta juga bagi bank pemberi pinjaman. figure for the Group as well as for the lending
Pertumbuhan yang berkelanjutan dan optimal banks. The continuing optimal development of
dari Grup tergantung pada kemampuan mereka the Group depends on its strong self-financing
mandiri dalam pendanaan (EBITDA). ability (EBITDA).
Tidak terdapat perubahan pendekatan Grup There are no changes in the Group’s approach
untuk pengelolaan modal sepanjang periode to capital management during the reporting
pelaporan. period.
268
PT Medco Energi Internasional Tbk 2024 Annual Report
429
427
Page 432
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
ARRANGEMENTS
a. Kesepakatan Bagi Hasil (PSC) - Indonesia a. Production Sharing Arrangements (PSC) -
Indonesia
Mayoritas entitas anak yang bergerak di bidang The majority of subsidiaries engaged in the oil
minyak dan gas bumi berlokasi di Indonesia dan and gas sector are located in Indonesia and
beroperasi berdasarkan berbagai kesepakatan operate under various production sharing
bagi hasil dengan SKK Migas. Uraian umum agreements with SKK Migas. The general
kesepakatan dan ketentuan dalam peraturan description of the agreements and provisions in
baru minyak dan gas bumi yang berlaku the applicable new regulations on oil and gas
tersebut adalah sebagai berikut: are as follows:
i. Kontrak Bagi Hasil (PSC) - Indonesia i. Production Sharing Contract (PSC) -
Indonesia
PSC diberikan untuk mencari dan PSCs are awarded to seek and develop
mengembangkan cadangan hidrokarbon commercial hydrocarbon reserves in certain
komersial di area tertentu sebelum areas prior to commercial production.
berproduksi secara komersial. Kontraktor Contractors are generally required to
pada umumnya diwajibkan untuk relinquish a certain percentage of the contract
menyerahkan kembali persentase tertentu dari area by a certain date, unless the area relates
area kontrak pada tanggal tertentu, kecuali to a field surface where oil and natural gas
jika area tersebut terkait dengan permukaan has been discovered.
lapangan dimana telah ditemukan minyak dan
gas bumi.
Tanggung jawab dari kontraktor dalam PSC The responsibilities of the contractor in a PSC
umumnya termasuk menyediakan dana atas generally include providing funding for all
semua aktivitas serta menyiapkan dan activities and preparing and implementing
melaksanakan program kerja dan anggaran. work programs and budgets. In return, the
Sebagai imbalannya, kontraktor diizinkan contractor is permitted to carry out the lifting of
untuk melakukan lifting atas minyak mentah crude oil and gas production which is their
dan produksi gas yang menjadi haknya. right.
Bagi hasil dalam bentuk First Tranche Production sharing in the form of First
Petroleum (FTP) sebesar 20% dari total Tranche Petroleum (FTP) of 20% of total
produksi sebelum dikurangi cost recovery production before deducting cost recovery is
tersedia untuk Pemerintah dan kontraktor available to the Government and contractors
sesuai dengan persentase hak bagi hasil in accordance with the percentage of their
masing-masing. respective production sharing rights.
Jumlah produksi setelah FTP adalah jumlah The amount of production after FTP is the
yang tersedia untuk cost recovery bagi amount available for cost recovery for
kontraktor yang dihitung berdasarkan contractors which is calculated based on
referensi atas harga minyak mentah yang reference to the prevailing crude oil price in
berlaku di Indonesia dan harga gas aktual. Indonesia and the actual gas price. After the
Setelah kontraktor memulihkan semua biaya contractor recovers all costs incurred, the
yang dikeluarkan, Pemerintah berhak Government is entitled to a certain share of
memperoleh pembagian tertentu dari hasil the remaining production of crude oil and
produksi minyak mentah dan gas bumi yang natural gas, then the contractor is entitled to
tersisa, selanjutnya kontraktor berhak atas the remainder as a share of equity (profit).
sisanya sebagai bagian ekuitas (laba).
Kontraktor diwajibkan untuk membayar pajak The contractor is required to pay corporate tax
badan atas bagian labanya berdasarkan tarif on its share of profits based on the prevailing
pajak yang berlaku di Indonesia pada saat tax rate in Indonesia at the time the PSC is
PSC tersebut ditandatangani. signed.
430
428 PT Medco Energi Internasional Tbk 2024 Annual Report
269
Page 433
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
a. Kesepakatan Bagi Hasil (PSC) - Indonesia a. Production Sharing Arrangements (PSC) -
(lanjutan) Indonesia (continued)
i. Kontrak Bagi Hasil (PSC) - Indonesia i. Production Sharing Contract (PSC) -
(lanjutan) Indonesia (continued)
PSC di Indonesia wajib memenuhi Domestic PSCs in Indonesia are required to comply with
Market Obligation (DMO) dimana kontraktor the Domestic Market Obligation (DMO)
harus menyediakan kepada pasar domestik whereby the contractor must provide to the
sebanyak yang lebih rendah antara 25% dari domestic market the lower of 25% of (i) the
(i) bagian kontraktor sebelum pajak atas total contractor's share before tax of total oil
produksi minyak bumi dan (ii) bagian laba production and (ii) the contractor's share of
kontraktor atas minyak. profits on oil.
ii.Badan Operasi Bersama (JOB) - Indonesia ii.Joint Operation Agency (JOB) - Indonesia
Dalam JOB, kegiatan operasional dilakukan In JOB, operational activities are carried out
oleh Badan Operasi Bersama yang dikepalai by a Joint Operating Body headed by
oleh PT Pertamina (Persero) dan dibantu oleh PT Pertamina (Persero) and assisted by
kontraktor sebagai pihak kedua dalam JOB. contractors as the second party in the JOB. In
Dalam JOB, 37,5%-50% dari produksi JOB, 37.5%-50% of production belongs to
merupakan milik Pertamina, dan sisanya Pertamina, and the rest is a part that can be
adalah bagian yang dapat dibagikan kepada distributed to parties in the same way as PSC.
pihak-pihak dengan cara yang sama seperti
PSC.
Grup pada saat ini memiliki 15 PSC dan 2 JOB The Group currently has 15 PSCs and 2 JOBs
di Indonesia. in Indonesia.
Sisa komitmen biaya untuk kegiatan The remaining commitment for development
pengembangan dan eksplorasi terkait dengan and exploration expenditures relating to the
kontrak-kontrak di atas pada tanggal contracts above as of December 31, 2024 and
31 Desember 2024 dan 2023 masing-masing 2023, is amounting to US$190.7 million and
sebesar AS$190,7 juta dan AS$347,8 juta. US$347.8 million, respectively.
b. Kesepakatan Bagi Hasil (PSC) - b. Production Sharing Arrangements (PSC) -
Internasional International
(1) Grup memiliki kesepakatan bagi hasil di (1) The Group has production sharing
Libya, Yaman, dan Tanzania serta kontrak arrangements in Libya, Yemen, and
jasa di Oman dengan kerangka fiskal Tanzania and also a service contract in
sebagai berikut: Oman with the following fiscal
arrangements:
Perjanjian Bagi Hasil Konsesi/
Kepemilikan Negara Operasi/ Jangka Waktu Concession Production Sharing Agreement
Entitas Anak/
Blok/ Country of Kontrak/
Subsidiaries Pemerintah Setempat/ Entitas Anak/
Block Ownership Operations Contract Term
Local Government Subsidiaries
Medco Oman LLC Karim Small Oman 25 tahun/ 88% atas laba dari jumlah 12% atas laba dari jumlah
Fields/ 25 years produksi/ produksi/
Karim Small Fields 88% of profit from total 12% of profit from total
production production
Medco Arabia Ltd Blok 56/ Oman 20 tahun/ 75% atas laba dari jumlah 25% atas laba dari jumlah
Block 56 20 years produksi untuk minyak dan produksi untuk minyak dan
70% untuk gas/ 30% untuk gas/
75% of profit from total 25% of profit from total
production for oil and 70% production for oil and 30%
for gas for gas
270
PT Medco Energi Internasional Tbk 2024 Annual Report
431
429
Page 434
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
b. Kesepakatan Bagi Hasil (PSC) - b. Production Sharing Arrangements (PSC) -
Internasional (lanjutan) International (continued)
(1) Grup memiliki kesepakatan bagi hasil di (1) The Group has production sharing
Libya, Yaman, dan Tanzania serta kontrak arrangements in Libya, Yemen, and
jasa di Oman dengan kerangka fiskal Tanzania and also a service contract in
sebagai berikut (lanjutan): Oman with the following fiscal arrangements
(continued):
Perjanjian Bagi Hasil Konsesi/
Kepemilikan Negara Operasi/ Jangka Waktu Concession Production Sharing Agreement
Entitas Anak/
Blok/ Country of Kontrak/
Subsidiaries Pemerintah Setempat/ Entitas Anak/
Block Ownership Operations Contract Term
Local Government Subsidiaries
Medco Yemen Blok 9/ Yaman/ 25 tahun/ Kisaran 70%-80% atas laba Kisaran 20%-30% atas laba
Malik Ltd Block 9 Yemen 25 years minyak (untuk produksi minyak (untuk produksi
25.000 bopd sampai dengan 25.000 bopd sampai dengan
100.000 bopd)/ 100.000 bopd)/
70%-80% range of profit oil 20%-30% range of profit oil
(for production of 25,000 (for production of 25,000
bopd up to 100,000 bopd) bopd up to 100,000 bopd)
Ophir Tanzania Blok 1/ Tanzania 11 tahun/ Minyak/Oil Minyak/Oil
(Block 1) Limited Block 1 11 years *) - 40% - 60% laba dari - 40% - 60% laba dari
minyak tergantung pada minyak tergantung pada
kenaikan tingkat total kenaikan tingkat total
produksi harian/ produksi harian/
40% - 60% of profit oil 40% - 60% of profit oil
depending on increments depending on increments
of daily total production of daily total production
rate rate
Gas Gas
- Akan ditentukan setelah - Akan ditentukan setelah
ada penemuan komersial ada penemuan komersial
gas alam yang tidak gas alam yang tidak
terkait/ terkait/
To be determined once To be determined once
there is a commercial there is a commercial
discovery of non- discovery of non-
associated natural gas associated natural gas
Ophir Tanzania Blok 4/ Tanzania 11 tahun/ Minyak/Oil Minyak/Oil
(Block 1) Limited Block 4 11 years *) - 42,5% - 62,5% laba dari - 37,5% - 57,5% laba dari
minyak tergantung pada minyak tergantung pada
kenaikan tingkat total kenaikan tingkat total
produksi harian/ produksi harian/
42.5% - 62.5% of profit oil 37.5% - 57.5% of profit oil
depending on increments depending on increments
of daily total production of daily total production
rate rate
Gas Gas
- Akan ditentukan setelah - Akan ditentukan setelah
ada penemuan komersial ada penemuan komersial
gas alam yang tidak gas alam yang tidak
terkait/ terkait/
To be determined once To be determined once
there is a commercial there is a commercial
discovery of non- discovery of non-
associated natural gas associated natural gas
432
430 PT Medco Energi Internasional Tbk 2024 Annual Report
271
Page 435
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
b. Kesepakatan Bagi Hasil (PSC) - b. Production Sharing Arrangements (PSC) -
Internasional (lanjutan) International (continued)
(1) Grup memiliki kesepakatan bagi hasil di (1) The Group has production sharing
Libya, Yaman, dan Tanzania serta kontrak arrangements in Libya, Yemen, and
jasa di Oman dengan kerangka fiskal Tanzania and also a service contract in
sebagai berikut (lanjutan): Oman with the following fiscal arrangements
(continued):
Perjanjian Bagi Hasil Konsesi/
Kepemilikan Negara Operasi/ Jangka Waktu Concession Production Sharing Agreement
Entitas Anak/
Blok/ Country of Kontrak/
Subsidiaries Pemerintah Setempat/ Entitas Anak/
Block Ownership Operations Contract Term
Local Government Subsidiaries
MedcoEnergi Blok 60/ Oman 30 tahun sejak Minyak/Oil: 65% - 85% laba Minyak/Oil: 35% - 15% laba
Oman Block 60 Block 60 declaration of dari minyak tergantung pada dari minyak tergantung pada
Limited commerciality harga minyak mentah harga minyak mentah
terakhir, yaitu bulanan/ bulanan/
hingga 7 April 65% - 85% of profit oil 35% - 15% of profit oil
2048/ depending on monthly crude depending on monthly crude
30 years as of oil price oil price
latest declaration
of commerciality, Gas: 60% - 80% dari laba Gas: 40% - 20% dari laba
i.e. until April 7, gas tergantung rata-rata gas tergantung rata-rata
2048 produksi gas harian untuk produksi gas harian untuk
bulan tersebut/ bulan tersebut/
60% - 80% of profit natural 40% - 20% of profit natural
gas depending on the gas depending on the
average daily net production average daily net production
of natural gas for the relevant of natural gas for the relevant
month month
MedcoEnergi Blok 48/ Oman Fase Kedua Minyak/Oil: 70% - 80% laba Minyak/Oil: 20% - 30% laba
Oman Block 48 Block 48 periode eksplorasi dari minyak tergantung pada dari minyak tergantung pada
Limited hingga 31 rata-rata produksi harian/ rata-rata produksi harian/
Desember 2025 70% - 80% of profit oil 20% - 30% of profit oil
dan dapat depending on average of depending on average of
diperpanjang daily production daily production
apabila ada
declaration of Gas: 60% - 80% laba dari Gas: 20% - 40% laba dari
commerciality/ gas tergantung pada rata- gas tergantung pada rata-
Second Phase rata produksi harian gas rata produksi harian gas
exploration period bumi untuk bulan yang bumi untuk bulan yang
extension until relevan/ relevan/
December 31, 60% - 80% of profit gas 20% - 40% of profit gas
2025 and may be depending on average daily depending on average daily
extended if there net production of natural gas net production of natural gas
is declaration of for the relevant month for the relevant month
commerciality
272
PT Medco Energi Internasional Tbk 2024 Annual Report
433
431
Page 436
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
b. Kesepakatan Bagi Hasil - Internasional b. Production Sharing Arrangements -
(lanjutan) International (continued)
(2) Grup memiliki kesepakatan royalti dengan (2) The Group has royalty arrangements with the
pengaturan fiskal sebagai berikut: following fiscal arrangements:
Kepemilikan Negara Operasi/ Jangka Waktu
Entitas Anak/ Kesepakatan Royalti/
Blok/ Country of Kontrak/
Subsidiaries Royalty Arrangements
Block Ownership Operations Contract Term
Ophir Mexico Blok 5/ Mexico 35 tahun/ - Biaya kontrak selama tahap eksplorasi/
Offshore Block 5 35 years Contract fee during exploration phase
Exploration, S.A.
DE C.V. - Royalti ditentukan untuk setiap jenis hidrokarbon yang
persentasenya dihitung berdasarkan formula tertentu/
Royalty determined for each type of hydrocarbon which
percentage is calculated based on a specific formula
- 26,91% jumlah produksi/
26.91% total production
Ophir Mexico Blok 10/ Mexico 35 tahun/ - Biaya kontrak selama tahap eksplorasi/
Operations, S.A. Block 10 35 years Contract fee during exploration phase
DE C.V.
- Royalti ditentukan untuk setiap jenis hidrokarbon yang
persentasenya dihitung berdasarkan formula tertentu/
Royalty determined for each type of hydrocarbon which
percentage is calculated based on a specific formula
- 20% jumlah produksi/
20% total production
Ophir Mexico Blok 12/ Mexico 35 tahun/ - Biaya kontrak selama tahap eksplorasi/
Operations, S.A. Block 12 35 years Contract fee during exploration phase
DE C.V.
- Royalti ditentukan untuk setiap jenis hidrokarbon yang
persentasenya dihitung berdasarkan formula tertentu/
Royalty determined for each type of hydrocarbon which
percentage is calculated based on a specific formula
- 20% jumlah produksi/
20% total production
434
432 PT Medco Energi Internasional Tbk 2024 Annual Report
273
Page 437
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
47. KESEPAKATAN BAGI HASIL MINYAK DAN GAS 47. OIL AND GAS PRODUCTION SHARING
(lanjutan) ARRANGEMENTS (continued)
b. Kesepakatan Bagi Hasil - Internasional b. Production Sharing Arrangements -
(lanjutan) International (continued)
(2) Grup memiliki kesepakatan royalti dengan (2) The Group has royalty arrangements with
pengaturan fiskal sebagai berikut: (lanjutan) the following fiscal arrangements:
(continued)
Kepemilikan Negara Operasi/ Jangka Waktu
Entitas Anak/ Kesepakatan Royalti/
Blok/ Country of Kontrak/
Subsidiaries Royalty Arrangements
Block Ownership Operations Contract Term
- Medco Energi Blok B8/38/ Thailand 20 tahun/ - 5% - 15% royalti berdasarkan penjualan kotor dan
(Thailand) Block B8/38 20 years volume pembuangan bulanan/
Bualuang Limited 5% - 15% royalty based on monthly gross sale and
- Medco Energi disposal volume
(Thailand) E&P
Limited - Manfaat Remunerasi Khusus (pajak tak terduga)/
Special Remuneration Benefit (windfall tax)
*) Izin eksplorasi untuk Blok 1 dan Blok 4 berakhir pada Desember 2024. *) Exploration licenses for Block 1 and Block 4 expired in December
Shell sebagai Operator diberitahu oleh Tanzania Petroleum 2024. Shell as the Operator was notified by Tanzania Petroleum
Development Corporation (TPDC) bahwa Kementerian Energi telah Development Corporation (TPDC) that the Ministry of Energy has
mengeluarkan pemberitahuan rencana untuk memberikan Izin issued a notice of intention to grant a New Exploration License for
Eksplorasi Baru untuk Blok 1 dan Perpanjangan untuk Blok 4. Block 1 and an Extension for Block 4.
Penyelesaian persyaratan dengan pemerintah masih berlangsung dan Finalization of the terms with the government is still underway and
diharapkan akan selesai dalam waktu dekat. anticipated to be completed in the near future.
Komitmen pengeluaran yang masih tersisa The total remaining commitment for exploration
untuk kegiatan eksplorasi sehubungan dengan expenditures related to the contracts above as
kontrak-kontrak tersebut pada 31 Desember of December 31, 2024 and 2023 is amounting to
2024 dan 2023 masing-masing sebesar AS$0,1 US$0.1 million and US$0.5 million, respectively.
juta dan AS$0,5 juta.
274
PT Medco Energi Internasional Tbk 2024 Annual Report
435
433
Page 438
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
Selama periode pelaporan, Grup melakukan During the reporting period, the Group made several
beberapa akuisisi entitas anak dan ventura acquisitions of subsidiaries and joint venture,
bersama, termasuk akuisisi dan pelepasan including acquisitions and disposals of ownership
kepemilikan dan/atau hak partisipasi (seluruh atau interests and/or participating interest (a whole or in
sebagian), dimana akuisisi dan pelepasan yang part), whereby the significant acquisitions and
signifikan disajikan di paragraf berikut. disposals are disclosed in the succeeding
paragraphs herein.
Grup telah membuat analisa penilaian provisional The Group has performed a provisional valuation
atas nilai wajar sementara aset teridentifikasi yang analysis of the provisional fair value of identifiable
diperoleh dan liabilitas yang diambil alih. assets acquired and liabilities assumed. Using a
Menggunakan sejumlah pertimbangan untuk number of judgment on the acquisitions, the Group
akuisisinya, Grup telah mengestimasi alokasi atas has estimated the allocation of the costs of the
aset dan liabilitas tersebut. acquisitions to the identifiable assets and liabilities.
Nilai wajar yang disajikan adalah jumlah sementara The fair values disclosed are provisional due to
mengingat kompleksitas dari akuisisi dan sifat complexity of the acquisitions and the inherent
ketidakpastian yang inheren dari sektor minyak dan uncertain nature of the oil and gas sector,
gas bumi, terutama dalam menentukan penilaian particularly in valuing oil and gas properties and
aset minyak dan gas bumi dan pertambangan. mining properties. The revision of the fair values of
Revisi atas nilai wajar aset dan liabilitas yang the assets acquired and liabilities assumed will be
diakuisisi akan diselesaikan paling lambat dalam 12 completed within 12 months from the acquisition.
bulan sejak tanggal akuisisi.
Alokasi harga pembelian provisional digunakan This provisional purchase price allocation has been
pada laporan posisi keuangan konsolidasian dan used in the consolidated statements of financial
laporan laba rugi dan penghasilan komprehensif position and profit or loss and other comprehensive
lainnya. Alokasi harga pembelian final akan income. The final purchase price allocation will be
ditentukan pada saat Grup telah menyelesaikan determined when the Group has completed the
penilaian yang rinci dan perhitungan lain yang detailed valuations and necessary calculations. The
dianggap perlu. Alokasi final mungkin berbeda final allocation could differ materially from the
secara material dari alokasi provisional. Alokasi final provisional allocation. The final allocation may
mungkin termasuk; (1) perubahan nilai wajar dari include; (1) changes in fair values of oil and gas
aset minyak dan gas bumi; (2) perubahan dalam properties; (2) changes in allocations to intangible
alokasi aset tak berwujud seperti teknologi dan assets such as technology and customer
hubungan pelanggan serta goodwill (pembelian relationships as well as goodwill (bargain purchase);
dengan diskon); dan (3) perubahan lain dari aset and (3) other changes to assets and liabilities.
dan liabilitas.
i. Pada tanggal 1 Agustus 2024, MEPCHL i. On August 1, 2024, MEPCHL acquired 35% of
mengakuisisi 35% kepemilikan saham di shares in Transasia Pipeline Company Pvt. Ltd.
Transasia Pipeline Company Pvt. Ltd. dari from Petronas International Corporation Ltd.
Petronas International Corporation Ltd. The transaction was completed on November
Transaksi tersebut telah diselesaikan tanggal 29, 2024, bringing MEPCHL's shareholding in
29 November 2024 sehingga porsi kepemilikan Transasia to 85%.
saham MEPCHL di Transasia menjadi 85%.
Berdasarkan Transasia Joint Venture Based on the Transasia Joint Venture
Agreement, dengan kepemilikan hingga 85%, Agreement, with ownership of up to 85%, the
Perusahaan dianggap memiliki pengendalian. Company is considered to have control. Thus,
Dengan demikian, Perusahaan telah the Company has consolidated Transasia since
mengkonsolidasikan Transasia sejak tanggal its effective date.
efektifnya.
436
434 PT Medco Energi Internasional Tbk 2024 Annual Report
275
Page 439
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
Nilai wajar yang disajikan adalah jumlah The provisional fair values of the identifiable
sementara dari aset teridentifikasi yang assets acquired and the assumed liabilities of
diperoleh dan liabilitas yang diasumsikan atas Transasia as of November 29, 2024
Transasia pada tanggal 29 November 2024 (acquisition effective date) are disclosed below:
(tanggal efektif akuisisi) sebagaimana
diungkapkan di bawah ini:
Nilai Wajar
Sementara (AS$)/
Provisional Fair
Value (US$)
Aset Assets
Kas dan setara kas 419.063 Cash and cash equivalents
Investasi jangka panjang 244.138.106 Long-term investments
Sub-jumlah 244.557.169 Sub-total
Liabilitas Liabilities
Biaya akrual dan provisi lain-lain 19.835.203 Accrued expenses and other provisions
Utang lain-lain 60.481 Other payables
Sub-jumlah 19.895.684 Sub-total
Aset neto pada nilai wajar 224.661.485 Net assets at fair value
Bagian kepentingan nonpengendali atas aset neto
teridentifikasi (33.699.223) Non-controlling interest of identifiable net assets
Nilai wajar kepemilikan saham Perusahaan di Transasia Fair value of the Company's equity interest in Transasia
sebelum kombinasi bisnis (112.330.743) held before the business combination
Nilai wajar aset neto teridentifikasi 78.631.519 Total identifiable net assets at fair values
Keuntungan pembelian diskon (51.586.361) Bargain purchase
Imbalan pembelian yang dialihkan 27.045.158 Purchase consideration transferred
Dikurangi kas yang diperoleh dari entitas anak yang
diakuisisi (419.063) Net cash of the acquired subsidiary
Akusisi entitas anak, setelah dikurangi kas yang
diperoleh 26.626.095 Acquisition of a subsidiary, net of cash acquired
Bagian kepentingan nonpengendali diukur pada The non-controlling interest is measured at the
proporsi kepemilikan kepentingan non- proportionate share in the non-controlling of the
pengendali atas aset neto teridentifikasi dari acquiree's identifiable net assets.
pihak diakuisisi.
Nilai wajar yang disajikan adalah jumlah The fair value disclosed are provisional as of
sementara pada tanggal 29 November 2024 November 29, 2024, due to the complexities of
dikarenakan kompleksitas dari akuisisi, the acquisition, in particular, in valuing the
terutama dalam menentukan nilai investasi di investment value in TGI. The review of the fair
TGI. Penelaahan atas nilai wajar aset dan value of the assets and liabilities acquired will
liabilitas yang diperoleh akan diselesaikan be completed within 12 months of the
paling lambat dalam waktu 12 bulan sejak acquisition at the latest.
tanggal akuisisi.
Grup mengakui kerugian neto sebesar AS$15,4 The Group recognized a loss of US$15.4 million
juta atas pengukuran kembali 50% kepentingan as a result of the remeasurement of its
yang dimiliki sebelumnya di Perusahaan pada previously held 50% equity interest in the
nilai wajar tanggal akuisisi. Kerugian ini diakui Company at its acquisition date fair value. The
di laporan laba rugi dan penghasilan loss is recognized in the December 31, 2024
komprehensif lain konsolidasian tanggal consolidated statement of profit or loss and
31 Desember 2024. other comprehensive income.
276
PT Medco Energi Internasional Tbk 2024 Annual Report
437
435
Page 440
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
Grup mengakui keuntungan pembelian diskon Group recognized bargain purchase of US$51.6
sebesar US$51,6 juta sebagai hasil akuisisi million as a result of the acquisition of 35% of
35% kepemilikan saham di Transasia Pipeline shares in Transasia from Petronas International
Company Pvt. Ltd. dari Petronas International Corporation Ltd. Management believes that the
Corporation Ltd. Manajemen berkeyakinan Group acquire Transasia for less than the fair
bahwa akuisisi Transasia dengan nilai yang value of its assets because of the synergies and
lebih rendah dari nilai wajar asetnya akrena also planned restructuring of Transasia will be
integrasi dengan kegiatan usaha Grup dan beneficial for the Group.
restrukturisasi Transasia yang direncanakan
akan menguntungkan untuk Grup.
ii. Pada tanggal 24 Mei 2024, Medco dan National ii. On May 24, 2024, Medco and National Oil
Oil Corporation of Libya ("NOC") telah Corporation of Libya ("NOC") have completed
menyelesaikan pengalihan seluruh hak the transfer of the Company’s entire (50%)
partisipasi Perseroan (50%) dalam Perjanjian participating interest in the Contract Area 47
Bagi Hasil Eksplorasi dan Produksi (“EPSA”) di Exploration and Production Sharing Agreement
Kontrak Area 47 dan seluruh kepemilikan (“EPSA”), and its entire (24.5%) shareholding in
saham Perseroan (24,5%) di Joint Operating the Joint Operating Company, Nafusah Oil
Company, Nafusah Oil Operations B.V. Operations B.V (Note 39).
(Catatan 39).
iii. Pada tanggal 25 Oktober 2023, MPI dengan PT iii. On October 25, 2023, MPI and PT Telkom Data
Telkom Data Ekosistem dan ST Dynamo ID Ekosistem and also ST Dynamo ID Pte. Ltd.
Pte. Ltd. telah melakukan penyelesaian finalized the new shares subscription of PT
(completion/closing) atas penerbitan saham Teknologi Data Infrastruktur. MPI owns 296,826
baru di PT Teknologi Data Infrastruktur. MPI ordinary shares representing 5% of its share
memiliki 296.826 lembar saham biasa yang ownership in PT Teknologi Data Infrastruktur.
mencerminkan 5% dari kepemilikan sahamnya
dalam PT Teknologi Data Infrastruktur.
Pada tanggal 4 Oktober 2024, MPI melakukan On October 4, 2024, MPI made a share
penyetoran atas penerbitan saham baru PT subscription for the issuance of new shares of
Teknologi Data Infrastruktur untuk kepemilikan PT Teknologi Data Infrastruktur, amounting to
5% sebesar 402.500 lembar saham biasa. 402,500 common shares, representing 5% of its
share ownership.
iv. Pada September 2023, PT Medco Power iv. In September 2023, PT Medco Power Indonesia
Indonesia menandatangani Perjanjian Jual Beli signed a Share Sale and Purchase Agreement
Saham untuk melepas 100% kepemilikan pada to sell 100% of the shares in PT Medco
PT Medco Sumbawa Gas ("MSG") kepada PT Sumbawa Gas ("MSG") to PT Amman Mineral
Amman Mineral Internasional Tbk, dengan Internasional Tbk, for a consideration of Rp2.5
harga jual keseluruhan sebesar Rp2,5 miliar. billion.
v. Pada tanggal 22 Agustus 2023, Grup v. On August 22, 2023, Group signed an
menandatangani perjanjian untuk melakukan agreement to purchase 20% non-operated
pembelian 20% non-operated participating participating interest in Exploration and
interest pada Exploration and Production Production Sharing Agreement (EPSA) in Block
Sharing Agreement (EPSA) Blok 60 dan Blok 60 and Block 48 in Oman from OQ Exploration
48 Oman dari OQ Exploration and Production and Production LLC, where OQ Exploration and
LLC, dimana OQ Exploration and Production Production LLC will continue to hold majority
LLC akan tetap bertindak sebagai operator dan operated participating interest in these assets.
terus memegang kepemilikan mayoritas The transaction was completed on
operated participating interest di aset tersebut. December 12, 2023.
Transaksi ini telah diselesaikan pada tanggal
12 Desember 2023.
438
436 PT Medco Energi Internasional Tbk 2024 Annual Report
277
Page 441
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
Blok 60 adalah blok yang sudah berproduksi Block 60 is a production block and Block 48 is
dan Blok 48 adalah blok pada tahap eksplorasi. an exploration stage block. Both blocks are
Kedua blok tersebut berlokasi di daratan Oman located in onshore west central Oman. Based
bagian barat tengah. Berdasarkan analisa on the Group analysis, with reference to PSAK
Grup, sesuai dengan PSAK 103, maka hanya 103, then only Block 60 that falls as a business
Blok 60 yang dapat dikategorikan sebagai combination. Thus, the purchase price
kombinasi bisnis. Dengan demikian, alokasi allocation is only performed for Block 60.
harga pembelian hanya dilakukan untuk Blok
60.
Nilai wajar final dari aset teridentifikasi yang The final fair values of the identifiable assets
diperoleh dan liabilitas yang diambil alih Blok 60 acquired and liabilities assumed of Block 60 at
pada tanggal efektif akuisisi (12 Desember the effective date of acquisition (December 12,
2023) adalah: 2023) were:
Nilai Wajar Final
(AS$)/
Final Fair Value
(US$)
Aset Assets
Piutang usaha 26.481.292 Trade receivables
Persediaan 6.004.715 Inventories
Aset hak guna 21.940.290 Right-of-use assets
Aset eksplorasi dan evaluasi 8.254.049 Exploration and evaluation assets
Aset minyak dan gas bumi 626.056.990 Oil and gas properties
Aset lain-lain 757.245 Other assets
Sub-jumlah 689.494.581 Sub-total
Liabilitas Liabilities
Utang usaha 16.729.862 Trade payables
Biaya akrual 8.255.704 Accrued Expenses
Utang lain-lain 9.630.140 Other payables
Liabilitas sewa 21.940.290 Lease liabilities
Liabilitas pembongkaran aset Assets abandonment and site restoration obligations
dan restorasi area dan provisi lain-lain 28.509.367 and other provision
Sub-jumlah 85.065.363 Sub-total
Nilai wajar aset neto teridentifikasi 604.429.218 Total identifiable net assets at fair values
Keuntungan pembelian diskon (34.998.849) Bargain purchase
Imbalan pembelian yang dialihkan 569.430.369 Purchase consideration transferred
278
PT Medco Energi Internasional Tbk 2024 Annual Report
439
437
Page 442
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
48. AKUISISI DAN PENGALIHAN YANG SIGNIFIKAN 48. SIGNIFICANT ACQUISITIONS AND DISPOSALS
(lanjutan) (continued)
Manajemen berkeyakinan bahwa akuisisi Blok Management believes that the Group acquire
60 Oman dengan nilai yang lebih rendah dari Block 60 in Oman for less than the fair value of
nilai wajar asetnya karena integrasi Grup di its assets because of the Group's integration of
Blok 60 Oman dengan kegiatan usaha Grup Block 60 with its existing operations in Oman is
yang telah ada di Oman berjalan dengan baik, proceeding well, and higher global oil price
dan harga minyak yang meningkat mendekati towards the closing date.
tanggal penyelesaian.
Dari tanggal akuisisi hingga tanggal 31 From the date of acquisition until December 31,
Desember 2023, Blok 60 Oman telah 2023, Block 60 Oman contributed US$6.2
berkontribusi sebesar AS$6,2 juta terhadap million to the Group’s revenue and US$6.2
pendapatan Grup dan AS$6,2 juta terhadap million to the Group’s profit before taxes. If the
laba sebelum pajak penghasilan Grup. Apabila acquisition had taken place at 1 January 2023,
akuisisi telah dilakukan sejak 1 Januari 2023, the contribution of Block 60 Oman to the
kontribusi Blok 60 Oman terhadap pendapatan Group’s revenue and profit before taxes for the
dan laba sebelum pajak Grup untuk tahun yang year ended December 31, 2023 would have
berakhir pada 31 Desember 2023 dapat been US$232.4 million and US$127.9 million,
menjadi masing-masing sebesar AS$232,4 juta respectively.
dan AS$127,9 juta.
vi. Pada tanggal 19 Desember 2022, Ophir Jaguar vi. On December 19, 2022, Ophir Jaguar 2 Ltd., a
2 Ltd., entitas anak yang dimiliki sepenuhnya wholly-owned subsidiary of the Company has
oleh Perusahaan telah menandatangani signed a share purchase agreement with
perjanjian jual beli saham dengan Bitexco Bitexco Energy Ltd., a wholly-owned subsidiary
Energy Ltd., entitas anak yang dimiliki of Bitexco Group, to sell all of the shares of
sepenuhnya oleh Bitexco Group, untuk menjual Ophir Vietnam Block 12W B.V. with agreed
seluruh saham dari Ophir Vietnam Block 12W base price of US$70 million. The price is subject
B.V. dengan harga kesepakatan sebesar AS$70 to adjustments until the closing period as
juta. Harga kesepakatan ini akan disesuaikan defined in the Agreement. As of December 31,
dengan periode penutupan yang didefinisikan di 2023, the Group recognized loss on fair value
Perjanjian. Pada tanggal 31 Desember 2023, less costs to sell amounting to US$10.7 million
Grup mengakui kerugian atas pengukuran nilai related to the sell of Ophir Vietnam Block 12W
wajar aset dikurangi biaya untuk menjual B.V. The completion of the transactions occured
sebesar AS$10,7 juta terkait dengan pelepasan on April 19, 2024 following to the necessary
Ophir Vietnam Block 12W B.V. Penyelesaian approvals from Vietnamese authorities was
transaksi telah terjadi pada tanggal 19 April obtained (Note 39).
2024 setelah persetujuan dari otoritas Vietnam
diperoleh (Catatan 39).
440
438 PT Medco Energi Internasional Tbk 2024 Annual Report
279
Page 443
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN COMMITMENTS
a. Perjanjian Pasokan Gas (“GSA”) a. Gas Supply Agreements (“GSA”)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Indonesia ("MEPI")
PT Perusahaan Gas Efektif sejak tanggal 8 Komitmen untuk memasok gas dengan 27 November 2033 atau berakhirnya
Negara Tbk (“PGN”) – September 2020 berdasarkan perkiraan total jumlah kontrak sebesar produksi gas di Blok South Sumatera,
City Gas Palembang Perjanjian Jual Beli Gas 1.931,60 MMSCF/ mana yang terjadi lebih dahulu/
tanggal 15 Maret 2022/ Commitment to supply gas of with November 27, 2033 or until end of the
Effective since September 8, indicative total contract quantity of production South Sumatera Block,
2020 through Gas Sales 1,931.60 MMSCF. whichever occurs first.
Purchase Agreement dated
March 15, 2022
PT MEPPO-GEN – Blok 13 November 2018; terakhir Komitmen untuk memasok gas (joint 31 Desember 2027 atau sampai
South Sumatera & diubah pada tanggal contract dengan PT Medco E & P terpenuhinya total jumlah kontrak, yang
Lematang 17 Oktober 2019/ Lematang (“MEPL”)) dengan total mana terjadi lebih dahulu/
November 13, 2018; last jumlah kontrak sebesar 27.330,90 December 31, 2027 or until total
amendment dated BBTU dari South Sumatera PSC (Total contract quantity has been fully
October 17, 2019 jumlah kontrak joint supply sebesar supplied, whichever occurs first.
40.136,20 BBTU)/
Commitment to supply gas (joint
contract with PT Medco E & P
Lematang (“MEPL”)) with total contract
quantity of 27,330.90 BBTU from South
Sumatera PSC (Total joint supply
contract quantity 40,136.20 BBTU).
Perusahaan Daerah 4 Agustus 2009; diubah Komitmen untuk memasok gas dengan 31 Desember 2027 dari tanggal dimulai
Mura Energi terakhir tanggal 25 Maret 2022/ jumlah kontrak 6.039 BBTU/ atau sampai terpenuhinya jumlah
August 4, 2009; last Commitment to supply gas with total kontrak, mana yang terjadi lebih dahulu/
amendment dated March 25, contract of 6,039 BBTU. December 31, 2027 since the start date
2022 or until total contract quantity has been
fully supplied, whichever occurs first.
PT Mitra Energi Buana 24 Juli 2006; diubah terakhir Komitmen untuk memasok gas dengan 31 Desember 2027 atau sampai
tanggal 11 Juli 2024 jumlah kontrak 26.172 BBTU/ terpenuhinya total jumlah kontrak, yang
July 24, 2006; last amendment Commitment to supply gas with total mana terjadi lebih dahulu/
dated July 11, 2024 gas contract quantity of 26,172 BBTU. December 31, 2027 or until total
contract quantity has been fully
supplied, whichever occurs first.
PT Perusahan Gas 4 Mei 2018/ Komitmen untuk memasok gas untuk 20 Juli 2027 atau sampai dengan
Negara (Persero) Tbk – May 4, 2018 memenuhi kebutuhan gas rumah berakhirnya produksi gas bumi dari
City Gas Muba tangga di Kabupaten Musi Banyuasin wilayah kerja, yang mana terjadi lebih
dengan total jumlah kontrak sebesar dahulu/
871 BBTU/ July 20, 2027 or until the end of
Commitment to supply gas to meet the production of gas from contract area,
needs of households in Regency Musi whichever occurs first.
Banyuasin with total contract quantity of
871 BBTU.
PT Sumsel Energi 4 Agustus 2009; diubah Komitmen untuk memasok dan menjual 7 Februari 2023 atau sampai
Gemilang (Perseroda) terakhir tanggal 4 Juli 2019/ gas dengan total jumlah kontrak terpenuhinya total jumlah kontrak, yang
August 4, 2009; last 1.606,50 BBTU/ mana terjadi lebih dahulu/
amendment dated July 4, 2019 Commitment to supply and sell gas with February 7, 2023 or until such quantity
total contract quantity of 1,606.50 has been fully supplied, whichever
BBTU. occurs first.
PT Pertamina (Persero) Efektif tanggal 30 Januari 2018 Komitmen untuk memasok gas dengan 20 Juli 2027 atau sampai dengan
- City Gas Muara Enim melalui Kesepakatan Bersama; total jumlah kontrak sebesar 855,25 berakhirnya produksi gas bumi dari
diubah terakhir melalui MMSCF/ wilayah kerja, yang mana terjadi lebih
Perjanjian Jual Beli Gas Commitment to supply gas with total dahulu/
tanggal 15 November 2019/ contract quantity of 855.25 MMSCF. July 20, 2027 or until the end of
Effective since January 30, production of gas from contract area,
2018 through Mutual whichever occurs first.
Agreement; last amendment
through Gas Sales Purchase
Agreement dated November
15, 2019
280
PT Medco Energi Internasional Tbk 2024 Annual Report
441
439
Page 444
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Indonesia ("MEPI") (lanjutan/continued)
PT Perusahaan Listrik 19 September 2017/ Komitmen untuk memasok dan menjual 31 Januari 2027 atau sampai
Negara (Persero) - Blok September 19, 2017 gas (joint supply dengan MEPL) terpenuhinya jumlah kontrak
South Sumatera & dengan jumlah kontrak sebanyak penyerahan gas, yang mana yang
Lematang 50.932,8 BBTU (Jumlah kontrak joint terjadi lebih dahulu/
supply sebesar 70.260 BBTU)/ January 31, 2027 or until such quantity
Commitment to supply and sell gas has been fully supplied, whichever
(joint supply with MEPL) with total occurs first.
contract quantity of 50,932.8 BBTU
(Total joint supply contract quantity
70,260 BBTU).
PT Pupuk Sriwidjaja PJBG 1 Desember 2021; Komitmen untuk memasok gas dengan 27 November 2033 atau sampai seluruh
Palembang - Blok South perubahan terakhir melalui jumlah kontrak 45.225 BBTU/ jumlah yang disepakati telah dipasok,
Sumatera Amandemen tanggal Commitment to supply gas with total yang mana terjadi lebih dahulu/
25 November 2022/ gas contract quantity of 45,225 BBTU. November 27, 2033 or until such
GSA December 1, 2021; last quantity has been fully supplied,
Amendment dated November whichever occurs first.
25, 2022
PT Pupuk Sriwidjaja PJBG 20 September 2023/ Komitmen untuk memasok dan menjual 27 November 2033 atau sampai
Palembang - Blok South GSA September 20, 2023 gas (joint supply dengan MEPL) terpenuhinya jumlah kontrak
Sumatera & Lematang dengan jumlah kontrak sebanyak penyerahan gas dari MEPI, yang mana
31.150 BBTU (Jumlah kontrak joint yang terjadi lebih dahulu/
supply sebesar 41.829 BBTU)/ November 27, 2033 or until such
Commitment to supply and sell gas quantity from MEPI has been fully
(joint supply with MEPL) with total supplied, whichever occurs first.
contract quantity of 31,150 BBTU (Total
joint supply contract quantity 41,829
BBTU).
PT Medco E & P Tarakan ("MEPT")
PT PLN (Persero) - Blok PJBG 25 November 2022/ Komitmen untuk memasok gas dengan Sejak 1 Januari 2022 sampai dengan
Tarakan (MEPI sebagai GSA November 25, 2022 jumlah kontrak 4.367,70 BBTU/ 31 Desember 2025 atau sampai
Penjual untuk periode Commitment to supply gas with total terpenuhinya jumlah kontrak
sejak 1 Januari 2022 gas contract quantity of 4,367.70 penyerahan gas, yang mana yang
sampai dengan 13 BBTU. terjadi lebih dahulu/
Januari 2022 & MEPT Since January 1, 2022 until December
sebagai Penjual untuk 31, 2025 or until such quantity has been
periode sejak 14 Januari fully supplied, whichever occurs first.
2022 sampai dengan
berakhirnya PJBG)/
(MEPI as Seller for
period from January 1,
2022 until January 13,
2022 & MEPT as Seller
from period January 14,
2022 until the end of
GSA)
442
440 PT Medco Energi Internasional Tbk 2024 Annual Report
281
Page 445
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Tarakan ("MEPT") (lanjutan/continued)
PT Perusahaan Gas PJBG 21 Juni 2024 (Perjanjian Komitmen untuk memasok gas Sejak tanggal 14 Januari 2022 sampai
Negara Tbk berlaku efektif sejak 14 Januari sejumlah 0,30 MMSCFD dengan total dengan berakhirnya produksi gas
2022)/ jumlah kontrak 982,20 MMSCF/ wIlayah kerja Tarakan atau berakhirnya
GSA June 21, 2024 Commitment to supply gas 0.30 PSC Tarakan, mana yang terjadi lebih
(Agreement effective since MMSCFD with total gas contract dahulu/
January 14, 2022) quantity of 982.20 MMSCF. Effective since January 14, 2022 until
the end of production of gas from
contract area or the end of PSC
Tarakan, whichever occurs first.
PT Medco E & P Lematang ("MEPL")
PT MEPPO-GEN - Blok 13 November 2018, diubah Komitmen untuk memasok gas 31 Desember 2027 atau sampai
South Sumatera & terakhir tanggal sebanyak 10,8-11,6 BBTUD (joint terpenuhinya total jumlah kontrak, yang
Lematang 17 Oktober 2019/ contract dengan PT Medco E & P mana terjadi lebih dahulu/
November 13, 2018, last Indonesia (MEPI)) dengan total jumlah December 31, 2027 or until total
amendment dated kontrak sebesar 12.805,3 BBTU contract quantity has been fully
October 17, 2019 (Jumlah kontrak joint supply sebesar supplied, whichever occurs first.
40.136,2 BBTU)/
Commitment to supply 10.8-11.6
BBTUD of gas (joint contract with PT
Medco E & P Indonesia (MEPI)) with
total contract quantity of 12,805.3
BBTU (Total joint supply contract
quantity 40,136.2 BBTU).
PT Perusahaan Listrik 21 Maret 2007, diubah terakhir Komitmen untuk memasok dan menjual 31 Januari 2027 atau sampai
Negara (Persero) - Blok berdasarkan PJBG tanggal 19 gas (joint supply dengan MEPI) dengan terpenuhinya jumlah kontrak
South Sumatera & September 2017/ jumlah kontrak sebanyak 19.327,2 penyerahan gas, yang mana terjadi
Lematang March 21, 2007, last BBTU (Jumlah kontrak joint supply lebih dahulu/
amendment as per GSA dated sebesar 70.260 BBTU)/ January 31, 2027 or until such quantity
September 19, 2017 Commitment to supply and sell gas has been fully supplied, whichever
(joint supply with MEPI) with total occurs first.
contract quantity of 19,327.2 BBTU
(Total joint supply contract quantity
70,260 BBTU).
PT Pupuk Sriwidjaja PJBG 20 September 2023/ Komitmen untuk memasok dan menjual 5 April 2027 atau sampai terpenuhinya
Palembang - Blok South GSA September 20, 2023 gas (joint supply dengan MEPI) dengan jumlah kontrak penyerahan gas dari
Sumatera & Lematang jumlah kontrak sebanyak 10.679 BBTU MEPI, yang mana yang terjadi lebih
(Jumlah kontrak joint supply sebesar dahulu/
41.829 BBTU)/ April 5, 2027 or until such quantity from
Commitment to supply and sell gas MEPI has been fully supplied,
(joint supply with MEPI) with total whichever occurs first.
contract quantity of 10,679 BBTU (Total
joint supply contract quantity 41,829
BBTU).
PT Medco E & P Malaka ("MEPM")
PT Pertamina (Persero) 27 Januari 2015, diubah Komitmen untuk memasok gas dengan Sampai dengan terpenuhinya total
- Telah dinovasikan terakhir pada tanggal jumlah volume sebanyak 198 TBTU/ jumlah kontrak, atau gas tidak lagi
kepada PT Pertagas 2 Oktober 2020/ Commitment to supply gas with a total mempunyai nilai ekonomis, atau
Niaga/ January 27, 2015 last volume of 198 TBTU. berakhirnya PSC Blok A, mana yang
PT Pertamina (Persero) amendment dated lebih dahulu terjadi/
- Has been novated to October 2, 2020 Up to when the total amount of the
PT Pertagas Niaga contract has been fully supplied, or gas
no longer has an economic value, or the
expiration of Block A PSC, whichever
occurs first.
282
PT Medco Energi Internasional Tbk 2024 Annual Report
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441
Page 446
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Tomori Sulawesi ("MEPTS")
PT Perusahaan Listrik 6 Februari 2018/ Komitmen untuk memasok gas untuk Pada saat total jumlah kontrak telah
Negara (Persero) February 6, 2018 memenuhi kebutuhan listrik di Sulawesi terpenuhi atau sampai dengan tanggal
Tengah dengan nilai kontrak 15,63 berakhirnya hak pengelolaan wilayah
TBTU/ kerja PSC Senoro-Toili, yang mana
Commitment to supply gas to fulfill the lebih dahulu terjadi/
electricity needs in Central Sulawesi When the total contract quantity has
with total contract commitment of 15.63 been fully supplied or until the
TBTU. expiration date of the right of utilization
of the contract area Senoro-Toili PSC,
whichever occurs first.
PT Panca Amara Utama 13 Maret 2014; diubah terakhir Komitmen untuk memasok gas Pada saat total jumlah kontrak telah
tanggal 11 Januari 2018/ sebanyak 248.200 MMSCF/ terpenuhi atau sampai dengan tanggal
March 13, 2014; last Commitment to supply 248,200 berakhirnya hak pengelolaan wilayah
amendment dated MMSCF of gas. kerja PSC Senoro-Toili, yang mana
January 11, 2018 lebih dahulu terjadi/
When the total contract quantity has
been fully supplied or until the
expiration date of the right of utilization
of the contract area Senoro-Toili PSC,
whichever occurs first.
PT Donggi Senoro LNG 22 Januari 2009; diubah Komitmen untuk memasok gas 15 tahun setelah tanggal operasi
terakhir pada tanggal sebanyak 277,8 BBTU dengan total komersial dari LNG Plant, atau saat
19 Agustus 2021/ contract 1.417,775 TBTU jumlah kontrak terpenuhi atau pada
January 22, 2009; last Commitment to supply 277.8 BBTU of saat berakhirnya PSC Senoro-Toili,
amendment on gas with total contract Quantity of yang mana terjadi lebih dahulu/
August 19, 2021 1,417.775 TBTU. 15 years from the LNG Plant
commercial operation date, or when
such quantity in the agreement has
been fully supplied or until the
termination of the Senoro-Toili PSC,
whichever occurs first.
PT Perusahan Gas 22 September 2023/ Komitmen untuk memasok gas untuk Sampai dengan tanggal berakhirnya
Negara (Persero) Tbk September 22, 2023 memenuhi kebutuhan Jargas di Kab. hak pengelolaan wilayah kerja PSC
Banggai, Sulawesi Tengah dengan nilai Senoro-Toili,/
kontrak 581 MMSCF/ Until the expiration date of the right of
Commitment to supply gas to fulfill City utilization of the contract area Senoro-
Gas network in Banggai, Central Toili PSC.
Sulawesi with total contract
commitment of 581 MMSCF.
PT Medco E & P Simenggaris ("MEPS")
PT Kayan LNG 20 Mei 2020/ Komitmen untuk memasok gas Jumlah Sampai dengan tanggal berakhirnya
Nusantara May 20, 2020 Total Kontrak (“JTK”) sebanyak 47.091 hak pengelolaan wilayah kerja yaitu
MMSCF/ 23 Februari 2028 atau sampai
Commitment to supply gas with Total terpenuhinya TJK/
Contract Quantity (“TCQ”) of 47,091 Until the end of PSC term which is
MMSCF. February 23, 2028 or until the TCQ is
fulfilled.
444
442 PT Medco Energi Internasional Tbk 2024 Annual Report
283
Page 447
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco E & P Simenggaris ("MEPS") (lanjutan/continued)
PT Perusahaan Listrik 6 Februari 2018: terakhir Komitmen untuk memasok 8 BBTU gas Pada saat terpenuhinya total jumlah
Negara (Persero) diubah melalui Kesepakatan dengan nilai kontrak 21,6 BCF/ kontrak atau sampai dengan
Pengakiran Lebih Awal atas Commitment to supply 8 BBTU of gas berakhirnya hak pengelolaan wilayah
PJBG pada tanggal 13 with total contract value of 21.6 BCF. kerja yaitu tanggal 23 Februari 2028,
September 2024 (efektif sejak mana yang terjadi terlebih dahulu.
4 Agustus 2023)/ Efektif sejak tanggal 4 Agustus 2023
February 6, 2018: last telah dilakukan pengakhiran lebih awal
amended on September 13, atas PBG/
2024 through Early At the time when total contract quantity
Termination Agreement of in the agreement has been fully
GSA (effective since August 4, supplied or until the expiration of the
2023) right of utilization of the contract area,
February 23, 2028, whichever occurs
first. Effective since August 4, 2023,
GSA has been end through Early
Termination Agreement.
PT Perusahaan Listrik 17 Oktober 2014; terakhir Komitmen untuk memasok gas dengan 5 tahun sejak 30 November 2020 (yang
Negara (Persero) diubah melalui amandemen total nilai kontrak 805 MMSCF/ akan dituangkan dalam Amandemen
pada tanggal 30 Juni Commitment to supply gas with total PJBG) atau sampai dengan
2022/ contract value of 805 MMSCF. terpenuhinya jumlah kontrak, mana
October 17, 2014; last yang lebih dahulu terjadi/
amended on June 30, 2022 5 years since November 30, 2020
(which will be made through GSA
Amendment) or until the fulfillment of
the total amount of the contract,
whichever occurs first.
Medco E&P Natuna Ltd. ("MEPN")
PT Pertamina (Persero) 15 Januari 1999/ Bersama dalam Kelompok Pemasok 27 tahun sejak tanggal dimulai atau
January 15, 1999 WNG berkomitmen untuk memasok sampai terpenuhinya jumlah kontrak,
gas kepada PT Pertamina (Persero) yang mana lebih dahulu terjadi/
untuk SembCorp Gas Pte. Ltd. dengan 27 years from the start date or until the
total kontrak sebanyak 2.888 TBTU fulfillment of the total amount of the
(termasuk Tail Gas 262,5 TBTU)/ contract has been fully supplied,
Together as WNG Supply Group whichever occurs first.
commits to supply gas to PT Pertamina
(Persero) to SembCorp Gas Pte. Ltd.
with total contract quantity of 2,888
TBTU (including Tail Gas 262.5 TBTU).
SembCorp Gas Pte. Ltd. 5 Juni 2023/ Komitmen untuk memasok gas dari Hingga 15 Oktober 2028/
June 5, 2023 Wilayah Kerja South Natuna Sea Blok Until October 15, 2028.
B dengan Total Jumlah Kontrak
sebesar 105 TBTU/
The commitment to supply gas from
South Natuna Sea Block B Working
Area with Total Contract Quantity of
105 TBTU.
284
PT Medco Energi Internasional Tbk 2024 Annual Report
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443
Page 448
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco Energi Sampang Pty. Ltd. ("MESP")
PT Indonesia Power 19 Juli 2003; diubah terakhir Komitmen untuk memasok seluruh gas Hingga 3 Desember 2027 berdasarkan
(“IP”) melalui Addendum Keenam dari Wilayah Kerja Sampang dengan surat Menteri ESDM hal Penetapan
PJBG Sampang pada tanggal indikasi Jumlah Total Kontrak (JTK) Alokasi dan Pemanfaatan serta Harga
19 Juni 2024 telah 30.6 TBTU (2022-2027)/ Gas Bumi dari Wilayah Kerja Sampang
ditandatangani Medco dan PT The commitment to supply gas from kepada PT PLN (Persero) dan atau
PLN IP serta JVs partner/ Sampang Working Area with an Anak Perusahaan yang Berusaha di
July 19, 2003; last amended indication of Total Contract Quantity Bidang Penyediaan Energi Primer dan
through 6th Addendum of (TCQ) of 30.6 TBTU (2022-2027). atau Pembangkitan tertanggal 26 Maret
Sampang GSA on June 19, 2024 /
2024 is signed within Medco, Until December 3, 2027 based on letter
PT PLN IP and JVs partner. from the Minister of Energy and Mineral
Resources regarding the Determination
of Allocation and Utilization as well as
Natural Gas prices from the Sampang
Working Area to PT PLN (Persero)
and / or subsidiaries engaged in the
provision of Primary Energy and / or
Power Generation dated March 26,
2024.
Pada tanggal 14 Juni 2024 SKK Migas
mengirimkan surat Persetujuan
Penandatanganan Addendum Keenam
PJBG Sampang antara Medco dan PLN
Indonesia Power/
On June 14, 2024 SKK Migas sent
Approval letter to sign the 6th Sampang
GSA Addendum between Medco and
PLN Indonesia Power.
Pada tanggal 19 Juni 2024, Addendum
Keenam PJBG Sampang telah
ditandatangani oleh Medco dan PLN
Indonesia Power serta JVs partner/
On June 19, 2024 the 6th Addendum of
Sampang GSA is signed by Medco and
PLN Indonesia Power, as well as JVs
partner.
446
444 PT Medco Energi Internasional Tbk 2024 Annual Report
285
Page 449
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco Energi Madura Offshore Pty. Ltd. ("MEMO")
PT Perusahaan 31 Mei 2005; diubah terakhir Komitmen untuk memasok seluruh gas Hingga 3 Desember 2027/
Gas Negara melalui Addendum Kelima PJBG dari Lapangan Maleo dan Peluang Until December 3, 2027.
(Persero) Tbk Maleo tanggal 21 Juni 2024/ dengan indikasi Jumlah Total Kontrak
(“PGN”) May 31, 2005; last amendment (JTK) 8 TBTU/ Pada tanggal 20 Maret 2024 SKK Migas
through Fifth Addendum of The commitment to supply gas from the menyampaikan salinan surat Menteri
Maleo GSA dated June 21, 2024. Maleo and Peluang Field with an ESDM hal Penetapan Alokasi dan
indication of Total Contract Quantity Pemanfaatan serta Harga Gas Bumi dari
(TCQ) of 8 TBTU. Wilayah Kerja Madura Offshore kepada PT
Perusahaan Gas Negara (Tbk) tertanggal
8 Maret 2024/
On March 20, 2024, SKK Migas sent a
copy of the letter from the Minister of
Energy and Mineral Resources regarding
the Determination of Allocation and
Utilization as well as Natural Gas prices
from the Madura Offshore Working Area to
PT Perusahaan Gas Negara (Tbk) dated
March 8, 2024.
Pada tanggal 27 Maret 2024 SKK Migas
mengirimkan surat Persetujuan
Penandatanganan Addendum Kelima
PJBG Maleo antara Medco dan PGN/
On March 27, 2024 SKK Migas sent
Approval letter to sign the 5th Maleo GSA
Addendum between Medco and PGN.
Pada tanggal 21 Juni 2024, Addendum
Kelima PJBG Maleo ditandatangani oleh
Medco dan PGN/
On June 21, 2024 the 5th Addendum of
Maleo GSA is signed by Medco and PGN.
PT Perusahaan 19 Februari 2019; diubah terakhir Komitmen untuk memasok gas dari Hingga 3 Desember 2027/
Gas Negara melalui Amendemen Kedua Lapangan Meliwis dengan indikasi Until December 3, 2027.
(Persero) Tbk PJBG Meliwis yang Jumlah Total Kontrak (JTK) 28,3 TBTU/
(“PGN”) ditandatangani 26 Juli 2024 dan The commitment to supply gas from the Pada tanggal 20 Maret 2024 SKK Migas
berlaku efektif sejak 1 Meliwis Field with an indication of Total menyampaikan salinan surat Menteri
September 2023/ Contract Quantity (TCQ) of 28.3 TBTU. ESDM hal Penetapan Alokasi dan
February 19, 2019; last Pemanfaatan serta Harga Gas Bumi dari
amendment through The Second Wilayah Kerja Madura Offshore kepada PT
Amendment of Meliwis GSA Perusahaan Gas Negara (Tbk) tertanggal
which is signed on July 26, 2024 8 Maret 2024/
and effective since September 1, On March 20, 2024, SKK Migas sent a
2023 copy of the letter from the Minister of
Energy and Mineral Resources regarding
the Determination of Allocation and
Utilization as well as Natural Gas prices
from the Madura Offshore Working Area to
PT Perusahaan Gas Negara (Tbk) dated 8
March 2024.
Pada tanggal 26 Juli 2024, Amendemen
Kedua PJBG Meliwis ditandatangani
Medco dan PGN/
On July 26, 2024 the 2nd Amendment of
Meliwis GSA is signed by Medco and PGN.
286
PT Medco Energi Internasional Tbk 2024 Annual Report
447
445
Page 450
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco Energi Madura Offshore Pty. Ltd. ("MEMO") (lanjutan/continued)
PT Sarana Cepu Energi 1 Januari 2024/ Komitmen untuk memasok gas dari Hingga 31 Desember 2025/
("SCE") January 1, 2024 Wilayah Kerja Madura Offshore dengan Until December 31, 2025
indikasi maksimum kontrak
keseluruhan 3,62 TBTU/ Perpanjangan PJBG setelah 31
The commitment to supply gas from Desember 2024, dituangkan dalam
Madura Offshore Contract Area with an Kesepakatan Bersama Jual Beli Gas
indication of total contract maximum of dari Lapangan Meliwis WK Madura
3.62 TBTU. Offshore yang ditandatangani antara
Medco Energi Madura Offshore Pty.
Sebagaimana diubah terakhir melalui Ltd. dan PT Sarana Cepu Energi
permohonan persetujuan alokasi ke ("SCE") tanggal 6 Januari 2025 untuk
MESDM dengan indikasi kontrak jangka waktu 1 Januari 2025 - 31
keseluruhan 0,37 TBTU/ Desember 2025 ("KB SCE 2025"),
As last amended through gas allocation tunduk pada persetujuan alokasi dan
request approval to MEMR with an harga gas dari Menteri ESDM. Telah
indication of total contract maximum of didapat Ijin prinsip pengaliran gas dari
0.37 TBTU. SKK Migas. Gas akan dialirkan apabila
sudah didapat persetujuan alokasi gas
dan perpanjangan ijin niaga SCE dari
Pemerintah/
Signed Mutual Agreement of gas sales
from Meliwis Field Madura Offshore
Block between Medco Energi Madura
Offshore Pty. Ltd and PT Sarana Cepu
Energi ("SCE") dated 6 January 2025
for SCE GSA extension period contract
of January 1, 2025 until December 31,
2025 ("SCE KB 2025"), subject to gas
allocation approval and price
determination from Minister EMR.
Obtained Principal Delivery Permit from
SKK Migas. The gas will be delivered if
the gas allocation approval and SCE
gas trading permit approval are
obtained from Government.
Medco Energi Bangkanai Limited ("MEBL")
PT Perusahaan Listrik 28 Juni 2011; diubah terakhir Komitmen untuk memasok gas dari Hingga kontrak PSC berakhir,
Negara (Persero) melalui Kesepakatan Bersama Lapangan Kerendan sampai perkiraan 29 Desember 2033 atau sampai
(“PLN”) tanggal 20 Desember 2019/ Jumlah Total Kontrak ("JTK") 130 perkiraan JMKK 130 TBTU, mana yang
June 28, 2011; last TBTU/ lebih dahulu terjadi/
amendment through Mutual The commitment to supply gas from the Until end of PSC contract,
Agreement dated Kerendan Field until Total Contract December 29, 2033 or MTCQ of 130
December 20, 2019 Quantity (“TCQ”) of 130 TBTU. TBTU is achieved, whichever occurs
first.
448
446 PT Medco Energi Internasional Tbk 2024 Annual Report
287
Page 451
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco E&P Grissik Ltd (“MEPG”)
Gas Supply Pte. Ltd. Perjanjian Jual Gas antara PT Kelompok Pemasok South Sumatra Kontrak telah berakhir pada tanggal 11
(“GSPL”) Pertamina (Persero) dengan sesuai dengan Perjanjian Pasokan Gas Agustus 2023/
GSPL dan Perjanjian Pasokan berkomitmen untuk memasok gas Contract has expired on August 11,
Gas antara Pertamina dengan kepada PT Pertamina (Persero) untuk 2023.
Corridor PSC Group, South penjualan ke Gas Supply Pte. Ltd.
Jambi B PSC Group dan dengan jumlah total kontrak sebanyak
Jabung PSC Group, tanggal 12 2.380 TBTU/
Februari 2001, dengan tanggal South Sumatra Supply Group as per
dimulai pada tanggal 12 Gas Supply Agreement, commits to
Agustus 2003/ supply gas to PT Pertamina (Persero)
Gas Sale Agreement between for gas sales to Gas Supply Pte. Ltd.
PT Pertamina (Persero) and with total contract quantity of 2,380
GSPL and Gas Supply TBTU.
Agreement between Pertamina
and Corridor PSC Group,
South Jambi B PSC Group and
Jabung PSC Group, dated
February 12, 2001 with the
start date dated August 12,
2003
Gas Supply Pte. Ltd. 21 November 2022/ Dengan PJBG ini, pengaliran pasokan Periode pasokan adalah sampai
(“GSPL”) November 21, 2022 gas dari WK Corridor telah dimulai dengan 31 Desember 2028 atau pada
pada tanggal 12 Agustus 2023 dan saat terpenuhinya jumlah kontrak, yang
jumlah kontrak bagian Corridor adalah mana yang terjadi lebih dulu/
sebesar 241,46 TBTU/ Supply period is until December 31,
With this GSA the delivery of gas 2028 or upon fulfillment of the contract
supply from WK Corridor has started on quantity, whichever occurs first.
August 12, 2023 and the contract
volume for Corridor is 241.46 TBTU.
PT Perusahaan Gas 9 Agustus 2004; dan terakhir Komitmen untuk memasok gas untuk Kontrak telah berakhir pada tanggal 30
Negara Tbk – (“PGN”) diubah melalui Amandemen memenuhi kebutuhan gas terutama di September 2023/
West Java Keempat tanggal 30 November wilayah Jawa Barat dengan jumlah Contract has expired on
2017/ kontrak sebanyak 2.310 TBTU/ September 30, 2023.
August 9, 2004; and lastly Commitment to supply gas to fulfill gas
amended through the Fourth demand mainly within West Java area
Amendment dated November with total contract quantity of 2,310
30, 2017 TBTU.
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok gas untuk Kontrak telah berakhir pada tanggal 19
Negara Tbk – (“PGN”) tanggal 12 November 2018 kebutuhan pemenuhan kelistrikan dari Desember 2023/
Batam 3 dan terakhir diubah melalui PLN Batam kontrak sebesar 49 TBTU/ Contract has expired on
Amandemen tanggal Commitment to supply gas for PLN December 19, 2023.
25 Juli 2019/ Batam electricity with the contract
Gas Sale and Purchase quantity of 49 TBTU.
Agreement dated
November 12, 2018 and lastly
amended through an
Amendment dated
July 25, 2019
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok gas untuk Kontrak telah berakhir pada tanggal 19
Negara Tbk – (“PGN”) tanggal 3 November 2017 dan pemenuhan kebutuhan refinery unit, Desember 2023/
RU Dumai terakhir diubah melalui sektor industri dan kelistrikan di Contract has expired on
Amandemen Ketiga tanggal Sumatera Bagian Tengah, Kepulauan December 19, 2023.
19 Desember 2023/ Riau, Sumatera Selatan dan Jawa
Gas Sale and Purchase Barat dengan jumlah kontrak sebesar
Agreement dated 65 TBTU/
November 3, 2017 and lastly Commitment to supply gas for refinery
amended through the Third units, industrial and electricity sectors in
Amendment dated Central Sumatera, Riau Islands, South
December 19, 2023 Sumatera and West Java with the
contract quantity of 65 TBTU.
288
PT Medco Energi Internasional Tbk 2024 Annual Report
449
447
Page 452
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco E&P Grissik Ltd (“MEPG”) (lanjutan/continued)
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok sektor Kontrak telah berakhir pada tanggal 19
Negara Tbk – (“PGN”) tanggal 17 Mei 2017 dan industri dan kelistrikan di Sumatera Desember 2023/
Dumai terakhir diubah melalui Bagian Tengah, Kepulauan Riau, Contract has expired on
Amandemen Kedua tanggal Sumatera Selatan dan Jawa Barat December 19, 2023.
1 Januari 2022/ dengan jumlah kontrak sebesar 57
Gas Sale and Purchase TBTU/
Agreement dated Commitment to supply gas for industrial
May 17, 2017 and lastly and electricity sectors in Central
amended through the Second Sumatera, Riau Islands, South
Amendment dated Sumatera and West Java with the
January 1, 2022 contract quantity of 57 TBTU.
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok kebutuhan Sampai dengan 31 Desember 2028
Negara Tbk – (“PGN”) tanggal 14 Oktober 2021 dan gas untuk penyediaan Bahan Bakar atau sampai dengan terpenuhinya total
BBG Jargas terakhir diubah melalui Gas untuk Transportasi Jalan dan untuk jumlah kontrak, yang mana terjadi lebih
Amandemen Kedua tanggal kebutuhan Jaringan Gas Rumah dahulu/
2 Februari 2023/ Tangga dan Pelanggan Kecil di wilayah Until December 31, 2028 or until the
Gas Sales and Purchase Kab. Musi Banyuasin, Kab. Banyuasin, total contract quantity has been fully
Agreement dated Kota Lampung, Kab. Siak, Kab. OKU supplied, whichever occurs first.
October 14, 2021 and lastly Timur dan Kab. Serang dengan jumlah
amended through the Second kontrak sebesar 14 TBTU/
Amendment dated Commitment to supply Gas Fuel for
February 2, 2023. Road Transportation and for Household
Gas Networks and Small Customers for
Musi Banyuasin Regency, Banyuasin
Regency, Lampung City, Siak Regency,
OKU Timur Regency and Serang
Regency with the contract quantity of
14 TBTU.
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen pasokan gas untuk sektor Kontrak telah berakhir pada tanggal 30
Negara Tbk – (“PGN”) tanggal 31 Mei 2010 dan industri di Sumatera Bagian Tengah Mei 2023, sehubungan dengan
ARGSPA terakhir diubah melalui dengan jumlah kontrak sebesar 34 terpenuhinya total jumlah kontrak/
Amandemen tanggal TBTU / Contract has expired on May 30, 2023
30 Mei 2015/ Commitment to supply the industrial due to the contract quantity has been
Gas Sale and Purchase sector in Central Sumatera with a fully supplied.
Agreement dated May 31, contract quantity of 34 TBTU.
2010 and lastly amended
through an Amendment dated
May 30, 2015
PT Perusahaan Gas Perjanjian Jual Beli Gas Komitmen untuk memasok sektor Sampai dengan 31 Desember 2028
Negara Tbk tanggal 19 Desember 2023/ industri dan kelistrikan di Sumatera atau sampai dengan terpenuhinya total
Gas Sale and Purchase Bagian Tengah, Kepulauan Riau, jumlah kontrak, yang mana terjadi lebih
Agreement date December 19, Sumatera Selatan dan Jawa Barat dahulu/
2023 dengan jumlah kontrak sebesar 482,3 Until December 31, 2028 or until the
TBTU/ total contract quantity has been fully
Commitment to supply gas for industrial supplied, whichever occurs first.
and electricity sectors in Central
Sumatera, Riau Islands, South
Sumatera and West Java with the
contract quantity of 482.3 TBTU.
Pertamina Hulu Rokan Perjanjian Jual Beli Gas Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2026
tanggal 6 Agustus 2021 / memenuhi kebutuhan gas Wilayah atau sampai dengan jumlah agregat
Gas Sale and Purchase Kerja Rokan dengan jumlah kontrak gas yang dikirimkan setara dengan
Agreement dated 6 August sebanyak 133,1 TBTU/ jumlah kontrak, yang mana terjadi lebih
2021 Commitment to supply gas to Rokan dahulu/
Block with total contract quantity of Until December 31, 2026 or until the
133.1 TBTU. aggregate quantity of gas delivered
equals the contract quantity, whichever
occurs first.
450
448 PT Medco Energi Internasional Tbk 2024 Annual Report
289
Page 453
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
a. Perjanjian Pasokan Gas (“GSA”) (lanjutan) a. Gas Supply Agreements (“GSA”) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
Medco E&P Grissik Ltd (“MEPG”) (lanjutan/continued)
Energasindo Heksa Berdasarkan Perjanjian Jual Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2033
Karya ("EHK") Beli Gas tanggal memenuhi kebutuhan gas di wilayah atau sampai dengan jumlah agregat
30 Oktober 2007; terakhir Sumatera dengan jumlah kontrak gas yang dikirimkan setara dengan
diubah melalui Amandemen sebanyak 265 TBTU/ jumlah kontrak, yang mana terjadi lebih
Ketujuh Perjanjian Jual Beli Commitment to supply gas in Sumatera dahulu/
Gas tanggal 19 Desember area with total contract quantity of 265 Until December 31, 2033 or until the
2023/ TBTU. aggregate quantity of gas delivered
Based on Gas Sales and equals the contract quantity, whichever
Purchase Agreement dated occurs first.
October 30, 2007; last
amended through Seventh
Amendment of Gas Sales and
Purchase Agreement dated
December 19, 2023
PT Perusahaan Listrik Berdasarkan Perjanjian Jual Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2028
Negara (Persero) Beli Gas tanggal 4 Mei 2015; memenuhi kebutuhan gas sektor atau sampai dengan jumlah agregat
(“PLN”) terakhir diubah melalui kelistrikan dengan jumlah kontrak gas yang dikirimkan setara dengan
Amandemen Keempat sebanyak 79 TBTU/ jumlah kontrak, yang mana terjadi lebih
Perjanjian Jual Beli Gas Commitment to supply gas for dahulu/
tanggal electricity sector with total contract Until December 31, 2028 or until the
19 Desember 2023/ quantity of 79 TBTU. aggregate quantity of gas delivered
Based on Gas Sales and equals the contract Quantity, whichever
Purchase Agreement dated occurs first.
May 4, 2015; last amended
through Fourth Amendment of
Gas Sales and Purchase
Agreement dated
December 19, 2023
PT Pupuk Sriwidjaja Berdasarkan Perjanjian Jual Komitmen untuk memasok gas untuk Sampai dengan 31 Desember 2028
Beli Gas tanggal 25 Mei 2016; memenuhi kebutuhan gas pabrik pupuk atau sampai dengan jumlah agregat
terakhir diubah melalui di wilayah Sumatera Selatan dengan gas yang dikirimkan setara dengan
Amandemen Ketiga Perjanjian jumlah kontrak sebanyak 251,4 TBTU/ jumlah kontrak, yang mana terjadi lebih
Jual Beli Gas tanggal 20 Commitment to supply gas for fertilizer dahulu/
Desember 2023/ plant in South Sumatera area with total Until December 31, 2028 or until the
Based on Gas Sales and contract quantity of 251.4 TBTU. aggregate quantity of gas delivered
Purchase Agreement dated equals the Contract Quantity, whichever
May 25, 2016; last amended occurs first.
through Third Amendment of
Gas Sales and Purchase
Agreement dated
December 20, 2023
290
PT Medco Energi Internasional Tbk 2024 Annual Report
451
449
Page 454
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik b. Power Business Activities Agreements
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Bio Jatropha Indonesia ("BJI")
PT PLN (Persero) Unit 1 Februari 2012; terakhir BJI mengoperasikan pembangkit listrik 15 tahun setelah Tanggal Operasi
Induk Distribusi Jawa diubah pada tanggal tenaga mini-hidro 3x3 MW pada aliran Komersial ("COD")/
Barat ("PLNDJB") 28 Agustus 2017/ Sungai Cibalapulang, yang berlokasi di 15 years after Commercial
February 1, 2012; last Cianjur, Jawa Barat/ Operating Date ("COD").
amendment dated BJI operates a 3x3 MW mini-hydro
August 28, 2017 power plant on the flow of Cibalapulang
River, located in Cianjur, West Java.
PT Energi Listrik Batam ("ELB")
PT Pelayanan Listrik 15 Oktober 2012; terakhir ELB mengoperasikan pembangkit listrik 20 tahun dari :
Nasional Batam diubah pada tanggal 2x35 MW. PLN Batam memiliki opsi 1. Unit 2 : 6 Januari 2016;
16 Oktober 2017/ untuk membeli kepemilikan dan 2. Unit 1 : 14 Mei 2016
October 15, 2012; last kepentingan ELB dalam proyek (sampai dengan tanggal 5 Januari
amendment dated tersebut selama masa Perjanjian 2036 & 15 Mei 2036)/
October 16, 2017 Pembelian Tenaga Listrik/ 20 years from :
ELB operates 2x35 MW power plant. 1. Unit 2 : January 6,
PLN Batam has the option to purchase 2016;
ELB’s ownership and interest in the 2. Unit 1 : May 14, 2016
project anytime during the term of the (until January 5, 2036 &
Power Purchase Agreement. May 15, 2036).
PT Pelayanan Listrik 21 Juli 2023; efektif per 10 Pada tanggal 21 Juli 2023, ELB 20 tahun sejak setelah Tanggal
Nasional Batam Agustus 2023/ menandatangani Amandemen keempat Operasi Komersial ("COD")/
July 21, 2023; effective as of untuk Perjanjian Pembelian Listrik 20 years after Commercial
August 10, 2023 dengan PT Pelayanan Listrik Nasional Operation Date ("COD")
Batam terkait dengan penjualan,
pembelian, operasi dan
mempertahankan Steam Turbine
dengan kapasitas 39 MW. Perjanjian
tersebut berlaku efektif sejak tanggal 10
Agustus 2023/
On July 21, 2023, PT Energi Listrik
Batam ("ELB") signed the Fourth
Amendment of Power Purchase
Agreement with PT Pelayanan Listrik
Nasional Batam regarding the sales,
purchases, operates and maintains
Steam Turbine with capacity 39 MW.
The agreement has been effective as of
August 10, 2023.
PT Inti Karya Persada 21 Juli 2023; efektif per Pada tanggal 21 Juli 2023, ELB N/A
Tehnik Batam (IKPT 3 Agustus 2023/ menandatangani Engineering,
Batam) July 21, 2023; effective as of Procurement and Construction Contract
August 3, 2023 dengan PT Inti Karya Persada Tehnik
Batam (IKPT Batam) untuk
pelaksanaan pekerjaan teknis,
pengadaan dan konstruksi Steam
Turbine Generator berkapasitas 39 MW
di PLTG Tanjung Uncang Batam milik
ELB. Perjanjian tersebut berlaku efektif
sejak tanggal 3 Agustus 2023/
On July 21, 2023, ELB signed an
Engineering, Procurement and
Construction Contract with PT Inti
Karya Persada Tehnik Batam (IKPT
Batam) regarding the engineering,
procurement and construction of Steam
Turbine Generator with capacity 39 MW
in PLTG Tanjung Uncang owned by
ELB. The agreement has been effective
as of August 3, 2023.
452
450 PT Medco Energi Internasional Tbk 2024 Annual Report
291
Page 455
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan (lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco Cahaya Geothermal ("MCG")
PT Perusahaan Listrik 27 Februari 2013; terakhir MCG membangun, memiliki dan 30 tahun sejak setelah Tanggal
Negara (Persero) diubah pada tanggal mengoperasikan pembangkit listrik Operasi Komersial ("COD")/
9 Desember 2022/ tenaga panas bumi 2x55 MW dengan 30 years after Commercial
February 27, 2013; last kapasitas minimal 30 MW/ Operation Date ("COD").
amendment dated MCG constructs, owns and operates a
December 9, 2022 2x55 MW geothermal power plant with
minimum capacity of 30 MW.
PT Medco Power 5 November 2024/ Perjanjian operasi dan pemeliharaan 6 tahun sejak setelah Tanggal
Geothermal November 5, 2024 antara MPGS dan MCGL untuk Operasi Operasi Komersial ("COD")/
Services( O&M Kontrak ) dan Pemeliharaan Pembangkit Listrik 6 years after Commercial
Tenaga Panas Bumi Blawan Ijen/ Operation Date ("COD").
Operation and Maintenance agreement
between MPGS and MCG for Blawan
Ijen Geothermal Power Facilities.
PT Pembangkitan Pusaka Parahiangan (“PPP”)
PT PLN (Persero) Unit 12 September 2013; terakhir PPP mengoperasikan pembangkit listrik 15 tahun setelah Tanggal Operasi
Induk Distribusi Jawa diubah pada tanggal tenaga mini-hidro 2x4,4 MW pada Komersial ("COD")/
Barat ("PLNDJB") 29 Januari 2019/ aliran Sungai Cibuni, yang berlokasi di 15 years after Commercial
September 12, 2013; last Cianjur, Jawa Barat/ Operating Date ("COD").
amendment dated PPP operates a 2x4.4 MW mini-hydro
January 29, 2019 power plant on the flow of Cibuni River,
located in Cianjur, West Java.
PT Nawakara Energi Sumpur ("NES")
PT PLN (Persero) Unit 11 September 2013; terakhir NES memiliki kontrak untuk 15 tahun setelah Tanggal Operasi
Induk Wilayah Sumatera diubah pada tanggal pembangunan dan pengoperasian Komersial ("COD")/
Barat (“PLNWSB”) 14 Oktober 2022/ pembangkit listrik tenaga mini-hidro 15 years after Commercial
September 11, 2013; last 2x3,8 MW pada aliran Sungai Batang Operating Date ("COD").
amendment on October 14, Sumpur, yang berlokasi di Pasaman
2022 Barat, Sumatera Barat/
NES had contracts for constructing and
operating of 2x3.8 MW mini-hydro
power plant on the flow of Batang
Sumpur River which is located in West
Pasaman, West Sumatera.
PT Medco Ratch Power Riau (“MRPR”)
PT Perusahaan Listrik 7 April 2017; Amandemen 1 MRPR mengoperasikan pembangkit 20 tahun setelah Tanggal Operasi
Negara (Persero) tertanggal, 20 Desember 2019, listrik tenaga gas berkapasitas 275 Komersial ("COD") pada 10
Amandemen 2 tertanggal 25 MW/ Februari 2022/
Februari 2025/ MRPR operates 275 MW gas fired 20 years after Commercial
April 7, 2017; 1st Amendment power plant. Operating Date ("COD") on
dated December 20, 2019, and February 10, 2022.
2nd Amendment dated
February 25, 2025
292
PT Medco Energi Internasional Tbk 2024 Annual Report
453
451
Page 456
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan (lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Dalle Energy Batam (“DEB”)
PT Pelayanan Listrik 20 Mei 2005; terakhir diubah DEB diharuskan untuk mendanai, 15 tahun dari 25 Maret 2010
Nasional Batam pada tanggal 27 Juli 2018/ membangun dan mengoperasikan 2 (sampai dengan 24 Maret 2025)/
May 20, 2005; last amendment unit Gas Turbin Generator dengan 15 years from March 25, 2010
dated July 27, 2018 Chiller ("SCPP") serta Steam Turbine (until March 24, 2025).
Generator ("CCPP")/
DEB is required to fund, operate and
maintain 2 units of Gas Turbine
Generator with Chiller ("SCPP") and
Steam Turbine Generator ("CCPP").
PT Mitra Energi Batam (“MEB”)
PT Pelayanan Listrik 29 April 2004; terakhir diubah MEB diharuskan untuk mendanai, 20 tahun dari 8 September 2014
Nasional Batam pada tanggal 27 Juli 2018/ mengoperasikan dan memelihara (sampai dengan
April 29, 2004; last amendment proyek 2 unit Gas Turbin Generator 7 September 2034)/
dated July 27, 2018 dengan Chiller (SCPP) serta Steam 20 years from September 8, 2014
Turbine Generator (CCPP). (until September 7, 2034).
Berdasarkan Perjanjian Pembelian
Tenaga Listrik, PLN Batam memiliki
pilihan untuk membeli proyek kapan
saja selama masa Perjanjian
Pembelian Tenaga Listrik sepanjang
MEB menyetujui/
MEB is required to fund, operate and
maintain 2 units of Gas Turbine
Generator with Chiller (SCPP) and
Ssteam Turbine Generator (CCPP).
Under the Power Purchase Agreement,
PLN Batam has the option to purchase
the project anytime during the term of
the Power Purchase Agreement if MEB
agrees.
PT Energi Prima Elektrika (“EPE”)
PT PLN (Persero) Unit 10 November 2004; terakhir Semua hak dan kewajiban PT PLN-E 20 tahun dengan perpanjangan
Induk Wilayah Sumatera diubah pada tanggal 7 Januari berdasarkan Perjanjian Pembelian tahunan atas persetujuan kedua
Selatan, Jambi dan 2022/ Tenaga Listrik yang ditandatangani belah pihak/
Bengkulu (“PT PLN November 10, 2004; last antara PT PLN-E dan PT PLN 20 years subject to annual
UIWS2JB”) amendment dated UIWS2JB dialihkan ke EPE. EPE extension upon approval by both
January 7, 2022 diharuskan mendanai, membangun dan parties.
mengoperasikan proyek Generator
Mesin Gas (“GMG”)/
All rights and obligations of PT PLN-E
under the Power Purchase Agreement
entered into between PT PLN-E and PT
PLN UIWS2JB were transferred to
EPE. EPE is required to fund, establish
and operate the Gas Engine Generator
(“GEG”).
454
452 PT Medco Energi Internasional Tbk 2024 Annual Report
293
Page 457
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
i. Perjanjian Pembelian Tenaga Listrik dan i. Power Purchase and Transfer Agreements
Pengalihan (lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Multidaya Prima Elektrindo (“MPE”)
PT PLN (Persero) Unit 1 Juni 2004; terakhir diubah Semua hak dan kewajiban PT PLN-E 20 tahun dengan perpanjangan
Induk Wilayah Sumatera tanggal 7 Januari 2022/ berdasarkan Perjanjian Pembelian tahunan atas persetujuan kedua
Selatan, June 1, 2004; last amendment Tenaga Listrik yang ditandatangani belah pihak/
Jambi dan Bengkulu dated January 7, 2022 antara PT PLN-E dan PT PLN 20 years subject to annual
(“PT PLN UIWS2JB”) UIWS2JB dialihkan ke MPE. MPE extension upon approval by both
diminta untuk mendanai, membangun parties.
dan mengoperasikan proyek Generator
Mesin Gas (“GMG”) dengan kapasitas
12 MW/
All rights and obligations of PT PLN-E
under the Power Purchase Agreement
entered into between PT PLN-E and PT
PLN UIWS2JB were transferred to
MPE. MPE is required to fund, establish
and operate the Gas Engine Generator
(“GEG”) with capacity of 12 MW.
PT Medcosolar Bali Timur (“MSBT”)
PT PLN (Persero) 24 Maret 2022/ MSBT telah menandatangani Perjanjian 20 tahun/
March 24, 2022 Jual Beli Tenaga Listrik ("PJBTL") 20 years.
dengan PT PLN ("Persero") untuk
pengoperasian Pembangkit Listrik
Tenaga Surya Fotovoltaik berkapasitas
25 MWp yang berlokasi di provinsi Bali
bagian Timur/
MSBT has entered into a Power
Purchase Agreement ("PPA") with PT
PLN ("Persero") for the operation of
Solar Photovoltaic Power Plant facility
with an installed capacity 25 MWp
located at Eastern Bali.
PT Medco Solar Bali Barat (“MSBB”)
PT PLN (Persero) 24 Maret 2022/ MSBB telah menandatangani 20 tahun/
March 24, 2022 Perjanjian Jual Beli Tenaga Listrik 20 years.
("PJBTL") dengan PT PLN (Persero)
untuk pengoperasian Pembangkit
Listrik Tenaga Surya Fotovoltaik
berkapasitas 25 MWp yang berlokasi di
Bali bagian Barat/
MSBB has entered into a Power
Purchase Agreement ("PPA") with PT
PLN (Persero) for the operation of Solar
Photovoltaic Power Plant facility with an
installed capacity 25 MWp located at
Western Bali.
294
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453
Page 458
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
ii. Perjanjian Operasi dan Pemeliharaan ii. Operation and Maintenance Agreements
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT TJB Power Services ("TJBPS")
PT Perusahaan Listrik 9 Juni 2005; terakhir diubah Konsorsium dari PT Medco Energi 24 tahun/
Negara (Persero) pada tanggal 28 Maret 2018/ Internasional Tbk-Fortum Service Oy 24 years.
June 9, 2005; last amendment (Medco Fortum) menandatangani
dated March 28, 2018 Operation & Maintenance Agreement
(O&M Agreement) dengan PLN. Medco
Fortum ditunjuk sebagai operator
pembangkit listrik tenaga batu bara
berkapasitas 2x660 MW. Pada tanggal
27 September 2005, Medco Fortum,
MPI dan PLN menandatangani
Amandemen Perjanjian No. 1 untuk
O&M Agreement dimana para pihak
sepakat untuk memasukkan MPI
sebagai salah satu pihak dalam O&M
Agreement dan sebagai operator awal
proyek sampai perusahaan yang
bertujuan khusus (“SPC”) untuk
mengoperasikan pembangkit listrik
tenaga tersebut didirikan. Pada tahun
2006, TJBPS didirikan sebagai SPC/
The Consortium of PT Medco Energi
Internasional Tbk-Fortum Service Oy
(Medco Fortum) signed an Operation &
Maintenance Agreement (O&M
Agreement) with PLN. Medco Fortum is
appointed as the operator of the 2x660
MW coal fired power station. On
September 27, 2005, Medco Fortum,
MPI and PLN entered into an
Agreement Amendment No. 1 for O&M
Agreement where the parties agreed to
include MPI as one of the parties to the
O&M Agreement and the initial operator
of the project until the special purpose
company (“SPC”) to operate the coal
fired power station is established. In
2006, TJBPS was established as the
SPC.
456
454 PT Medco Energi Internasional Tbk 2024 Annual Report
295
Page 459
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
ii. Perjanjian Operasi dan Pemeliharaan ii. Operation and Maintenance Agreements
(lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT TJB Power Services (“TJBPS”) (lanjutan/continued)
Konsorsium Fortum 10 Juni 2005; terakhir diubah Penyedia MTS harus menyediakan jasa 5 tahun sejak amandemen
Service Oy dan Enprima tanggal 9 Agustus 2021/ manajemen dan dukungan teknis untuk perjanjian tanggal 9 Agustus 2021,
Oy, konsorsium yang June 10, 2005; last Proyek Tanjung Jati B dengan total kontrak diperpanjang hingga
didirikan berdasarkan amendment dated August 9, biaya mobilisasi sebesar AS$7.602.288 10 Agustus 2026/
hukum Finlandia 2021 dan biaya operasi sebesar 5 years since agreement
("Penyedia MTS"), AS$23.653.500 (biaya dasar) ditambah amendment dated August 9, 2021,
Medco-Fortum penyesuaian yang tercantum dalam contract was extended up to
(“Operator”), sebuah kontrak dan 25% biaya insentif tahunan August 10, 2026.
konsorsium yang yang disetujui oleh PLN. Pada tanggal
didirikan berdasarkan 9 Agustus 2021, PT TJB Power
hukum Indonesia/ Services dan Penyedia MTS
The Consortium of mengadakan amandemen atas
Fortum Service Oy and perjanjian MTS dimana kedua pihak
Enprima Oy, a setuju untuk memperpanjang perjanjian
consortium established untuk lima tahun ke depan mulai 11
under laws of Finland Agustus 2021 hingga 10 Agustus 2026.
(“MTS Providers”), Berdasarkan amandemen perjanjian,
Medco-Fortum Penyedia MTS akan tetap
(“Operator”), the menyediakan jasa manajemen dan
consortium established dukungan teknis untuk Perusahaan
under the laws of dengan total biaya operasional
Indonesia. minimum AS$7.440.000 (biaya dasar)
ditambah penyesuaian yang tercantum
dalam kontrak dan 20% dari biaya
insentif tahunan yang disetujui oleh
PLN/
MTS providers shall provide
management and technical support
services to Tanjung Jati B Project for
total mobilization fee of US$7,602,288
and operating fee of US$23,653,500
(base fee) plus adjustments as stated in
the contract and 25% of annual
incentive fee approved by PLN. On
August 9, 2021, PT TJB Power
Services and MTS Provider entered
into an amendment of MTS agreement
whereby both parties agreed to extend
the agreement for the next five years
starting August 11, 2021 until August
10, 2026. Under the amended
agreement, MTS Provider will continue
to provide management and technical
support services to the Company for a
total minimum operating fee of
US$7,440,000 (base fee) plus
adjustment stated in the contract and
20% of annual incentive fee approved
by PLN.
296
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457
455
Page 460
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
ii. Perjanjian Operasi dan Pemeliharaan ii. Operation and Maintenance Agreements
(lanjutan) (continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Medco Geothermal Sarulla ("MGS")
Sarulla Operation Ltd 29 September 2016; Perjanjian operasi dan pemeliharaan Perpanjangan 6 tahun sejak 4 Juli
("SOL") Amandemen Pertama - 4 dengan SOL untuk Pembangkit Listrik 2024/
November 2024 Tenaga Panas Bumi Sarulla/ 6 Years extensions from July 4,
September 29, 2016; First Operation and Maintenance agreement 2024.
Amendment - November 4, with SOL for Sarulla Geothermal Power
2024 Facilities.
PT Medcopower Solar Sumbawa ("MPSOS")
PT Amman Mineral Nusa 17 Maret 2020/ MPSOS setuju untuk menyewakan dan 20 tahun setelah Tanggal Operasi
Tenggara March 17, 2020 mengoperasikan pembangkit listrik Komersial ("COD")/
Solar Fotovoltaik dengan kapasitas 20 years after Commercial
maksimum 20,6 MWac yang berlokasi Operating Date ("COD").
di Sumbawa/
MPSOS agreed to lease and operate a
Solar Photovoltaic power plant with a
maximum capacity of 20.6 MWac
located in Sumbawa.
PT Medco Power Indonesia ("MPI")
Mitsui Oil Exploration 29 Juni 2023/ MPI setuju untuk membentuk suatu Perjanjian Konsorsium ini akan
Co., Ltd. June 29, 2023 konsorsium untuk melaksanakan berlaku sejak tanggal 29 Juni 2023
bersama kegiatan PSPE dan, sampai dengan waktu mana yang
bergantung pada keberhasilan terjadi terlebih dahulu; berlakunya
pengeboran eksplorasi. Para pihak Izin Panas Bumi untuk wilayah
akan memiliki dan mengembangkan kerja Bonjol diberikan dari
bersama Proyek Panas Bumi Bonjol, Kementerian Energi dan Sumber
yang berlokasi di Provinsi Sumatera Daya Mineral Indonesia
Barat, Indonesia. Para pihak ("Kementerian ESDM") atau
menyetujui Mitsui Oil Exploration Co., perjanjian diakhiri berdasarkan
Ltd. akan mendanai semua biaya kesepakatan bersama/
sampai dengan AS$5,6 juta dengan This Consortium Agreement will be
Anggaran Proyek Indikatif/ effective from June 29, 2023
MPI agreed to form a consortium to whichever occurs first; until
jointly carry out PSPE activities and, Geothermal permits for the Bonjol
contingently on the success of working area are granted from the
exploration drilling. The parties will Indonesian Ministry of Energy and
jointly own and develop the Bonjol Mineral Resources ("Ministry of
Geothermal Project, located in West Energy and Mineral Resources") or
Sumatra Province, Indonesia. The the agreement is terminated based
parties agree that Mitsui Oil Exploration on mutual agreement, which ever
Co., Ltd. will fund all costs up to US$5.6 occurs first.
million under the Indicative Project
Budget.
458
456 PT Medco Energi Internasional Tbk 2024 Annual Report
297
Page 461
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
iii. Perjanjian Jual Beli Gas iii. Gas Sale and Purchase Agreements
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Energi Prima Elektrika ("EPE")
PT Pertamina EP 30 Mei 2006; terakhir diubah PT Pertamina EP setuju untuk 10 tahun, kontrak diperpanjang
pada tanggal 18 April 2022/ menyediakan dan mengirimkan gas ke hingga 31 Desember 2023/
May 30, 2006; last amendment pembangkit listrik EPE untuk 2 MMSCF 10 years, contract was extended
dated April 18, 2022 per hari dengan pembelian minimum up to December 31, 2023.
tahunan 80%. Pada tanggal
18 April 2022, para pihak sepakat untuk
merevisi harga gas sementara dan
melaksanakan keputusan pemerintah
terkait harga gas berdasarkan Kepmen
ESDM No. 135.K.HK.02/MEM.M/2021/
PT Pertamina EP agreed to provide
and deliver gas to EPE’s power plant
for 2 MMSCF and minimum annual gas
usage of 80%. On April 18, 2022, the
parties agreed to revise the temporary
gas price and implement the
government decision on gas prices
based on the Minister of Energy and
Mineral Resources Decree No.
135.K.HK.02/MEM.M/2021.
PT Universal Batam Energy ("UBE")
Premier Oil, Natuna 1 15 April 2008/ Premier Oil, Natuna 1, Natuna 2 dan 20 tahun/
BV (“Natuna 1”), Natuna April 15, 2008 Natuna setuju untuk menjual dan UBE 20 years.
2 B.V. (“Natuna 2”), setuju untuk membeli gas sebesar 20
KUFPEC Indonesia BBTU dari cadangan yang dilakukan
(Natuna) B.V. dan dari sumber lain milik penjual gas/
Premier Oil, Natuna 1, Natuna 2, and
Natuna agreed to sell and UBE agreed
to purchase gas 20 BBTU from
committed reserves and from other
sources of gas sellers.
PT Multidaya Prima Elektrindo (“MPE”)
PT Pertamina EP 30 Mei 2008; terakhir diubah PT Pertamina EP setuju untuk 10 tahun, kontrak diperpanjang
pada tanggal 18 April 2022/ memberikan dan mengirimkan gas ke hingga 31 Desember 2023/
May 30, 2008; last amendment pembangkit listrik MPE untuk 2 MMSCF 10 years, contract was extended
dated April 18, 2022 per hari dengan pembelian minimum up to December 31, 2023.
tahunan 80%. Pada tanggal 18 April
2022, para pihak sepakat untuk
merevisi harga gas sementara dan
melaksanakan keputusan pemerintah
terkait harga gas berdasarkan Kepmen
ESDM No. 135.K.HK.02/MEM.M/2021/
PT Pertamina EP agreed to provide
and deliver gas to MPE’s power plant
for 2 MMSCF and minimum purchase
annual gas usage of 80%. On April 18,
2022, the parties agreed to revise the
temporary gas price and implement the
government decision on gas prices
based on the Minister of Energy and
Mineral Resources Decree No.
135.K.HK.02/MEM.M/2021.
298
PT Medco Energi Internasional Tbk 2024 Annual Report
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457
Page 462
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
b. Perjanjian Bidang Usaha Listrik (lanjutan) b. Power Business Activities Agreements
(continued)
iii. Perjanjian Jual Beli Gas (lanjutan) iii. Gas Sale and Purchase Agreements
(continued)
Perusahaan/ Tanggal Perjanjian/ Komitmen/ Periode Kontrak/
Entity Agreement Date Commitment Contract Period
PT Energi Listrik Batam (“ELB”)
PT Perusahaan Gas 28 Agustus 2020; terakhir PGN setuju untuk memberikan dan 4 tahun, sampai dengan 31
Negara (Persero) Tbk diubah pada tanggal mengirimkan gas ke pembangkit listrik Desember 2024, mana yang terjadi
(PGN) 23 Desember 2022/ ELB sebanyak 15-18 BBTU untuk terlebih dahulu/
August 28, 2020; last tahun 2020 – November 2022 dan 4 years, up to December 31, 2024
amended dated sebanyak 12-15 BBTU untuk Desember or the end of the Agreement,
December 23, 2022 2022 – berakhirnya Perjanjian/ whichever occurs first.
PGN agreed to provide and deliver gas
to ELB’s power plant for 15-18 BBTU
for years 2020 – November 2022 and
12–15 BBTU for December 2022 – end
of the Agreement.
Medco Ratch Power Riau (“MRPR”)
Riau IPP Joint 20 Agustus 2018/ MRPR telah menandatangani Tidak disebutkan secara spesifik/
Operation, Lotte August 20, 2018 perjanjian kontrak, desain, teknik, Not specifically mentioned.
Engineering & pengadaan, pendirian/ konstruksi,
Construction Co. Ltd. kontrak pengujian dan pengetesan
untuk Proyek Pembangkit Tenaga
Listrik Tenaga Gas Riau 275 MW/
MRPR has signed contract agreement,
design, engineering, procurement,
erection/construction, commissioning
and testing contract for 275 MW Riau
Gas-Fired Power Plant.
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat Agreements
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
PT Medco E & P Indonesia (“MEPI”)
PT Kilang Pertamina PJBM dalam proses finalisasi/ PJB Minyak Mentah yang efektif sampai N/A
Internasional PJBM is in the finalization dengan 31 Desember 2023, untuk tahun
process 2024 dan 2025 menggunakan surat
konfirmasi penawaran dan hingga
seluruh kewajiban dalam Perjanjian ini
telah selesai dilaksanakan oleh Para
Pihak/
COSPA effective until December 31,
2023, for 2024 and 2025 using the offer
confirmation letter and until all the
obligations in the agreement have been
settled by all parties.
PT Medco E & P Tarakan (“MEPT”)
PT Kilang Pertamina Perjanjian ditandatangani Perjanjian efektif dari 1 Januari 2023 N/A
Internasional ("KPI") tanggal 28 Agustus 2023. sampai dengan 31 Desember 2025.
Amandemen ditandatangani Amandemen untuk periode tahun 2024
14 Februari 2025/ dan 2025/
Agreement signed August 28, Agreement effective January 1, 2023
2023. Amendment signed until December 31, 2025. Amendment
February 14, 2025 for period 2024 and 2025.
460
458 PT Medco Energi Internasional Tbk 2024 Annual Report
299
Page 463
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat (lanjutan) Agreements (continued)
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
PT Medco E & P Malaka (“MEPM”)
PT Kilang Pertamina PJBM dalam proses finalisasi/ PJB Minyak Mentah untuk periode 1 N/A
Internasional PJBM is in the finalization Januari 2025 - 31 Desember 2025,
process lifting dan pembayaran menggunakan
surat konfirmasi penawaran dan hingga
seluruh kewajiban dalam Perjanjian ini
telah selesai dilaksanakan oleh Para
Pihak/
COSPA for the period January 1, 2025
- December 31, 2025, lifting and
payment using the offer confirmation
letter and until all the obligations in the
agreement have been settled by all
parties.
PT Medco E & P Rimau (“MEPR”)
PT Kilang Pertamina PJBM dalam proses finalisasi/ PJB Minyak Mentah yang efektif N/A
Internasional PJBM is in the finalization sampai dengan 31 Desember 2023,
process untuk tahun 2024 dan 2025
menggunakan surat konfirmasi
penawaran dan hingga seluruh
kewajiban dalam Perjanjian ini telah
selesai dilaksanakan oleh Para Pihak/
COSPA effective until December 31,
2023, for 2024 and 2025 using the offer
confirmation letter and until all the
obligations in the agreement have been
settled by all parties.
Medco Energi Sampang Pty., Ltd. (“MESP”)
PT Multi Colour 21 Desember 2022/ Term Sheet Kondensat Sampang efektif N/A
Indonesia ("MCI") December 21, 2022 sejak tanggal nominasi pertama 20
Januari 2023 selama 6 bulan yang
Perpanjangan Term Sheet 26 selanjutnya diperpanjang sampai
Juni 2023/ dengan tanggal 31 Desember 2024/
Extension of Term Sheet Term Sheet Sampang Condensate
June 26, 2023 effective from the first nomination date
January 20, 2023 for 6 months which
Pengakhiran kontrak efektif was subsequently extended up to
pada 1 April 2024/ December 31, 2024
Contract termination effective
on April 1, 2024
PT Surya Mandala Sakti 1 April 2024 / PJB Kondensat Sampang mengikat N/A
("SMS") April 1, 2024 Para Pihak sejak tanggal 1 April 2024
dengan jangka waktu kontrak 12 bulan/
Sampang CSPA shall binding the
Parties as at April 1, 2024 with the term
of CSPA of 12 months.
Medco Energi Bangkanai Limited (“MEBL”)
PT Mirah Ganal Energi 28 Mei 2019/ PJB Kondensat dengan dengan N/A
May 28, 2019 komitmen untuk memasok seluruh
kondensat yang diproduksi dari
Karendan, berlaku hingga
20 Desember 2023/
Condensate Sales and Purchase
Agreement (“COSPA”) with
commitment to supply all condensate
300
PT Medco Energi Internasional Tbk 2024 Annual Report
461
459
Page 464
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat (lanjutan) Agreements (continued)
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
Medco Energi Bangkanai Limited (“MEBL”) (lanjutan/continued)
PT Kimia Yasa 15 Juli 2014: amandemen PJB Kondensat dengan komitmen N/A
terakhir pada untuk memasok seluruh kondensat
27 September 2023/ yang diproduksi dari Karendan, berlaku
July 15, 2014: last amended hingga 20 Desember 2024/
on September 27, 2023 Condensate Sales and Purchase
Agreement (“COSPA”) with
Perubahan Kelima Atas commitment to supply all condensate
Perjanjian Jual Beli produces from Karendan, valid until
Kondensat Oleh dan Antara December 20, 2024.
Medco Energi Bangkanai
Limited dan PT Kimia Yasa. Perjanjian Jual Beli Kondensat yang
Dibuat dan ditandatangani berlaku efektif tanggal 21 Desember
pada 20 Desember 2024/ 2024 sampai dengan 20 Desember
Fifth Amendment To The 2025/
Condensate Sale And Condensate Sales and Purchase
Purchase Agreement By And Agreement ("COSPA") effective from
Between Medco Energi December 21, 2024 until
Bangkanai Limited and PT December 20, 2025.
Kimia Yasa.
Made and signed on
December 20, 2024
PT Mirah Ganal Energi Perjanjian Jual Beli Perjanjian Jual Beli Kondensat yang N/A
Kondensat antara Medco mengikat para pihak dan berlaku efektif
Energi Bangkanai Limited pada saat tanggal penandatanganan
dengan PT Mirah Ganal dan berlaku sampai dengan
Energi, yang ditandatangani 29 Desember 2033/
tanggal 4 Desember 2024/ Condensate Sales and Purchase
Condensate Sale and Agreement that shall bind the parties
Purchase Agreement and is effective upon the signing date
Between Medco Energi and valid until December 29, 2033.
Bangkanai Limited and PT
Mirah Ganal Energi, entered
and signed on
December 4, 2024.
Medco Energi Thailand (Bualuang) Limited (“METB”) dan Medco Energi Thailand (E&P) Limited (“METEP”)
Glencore Singapore Pte. Perjanjian ditandatangani Perjanjian baru yang efektif dari N/A
Ltd. ("Glencore") tanggal 1 Januari 2024 sampai dengan
23 Oktober 2023/ 23 Oktober 2025/
Agreement signed New Agreement effective
October 23, 2023 January 1, 2024 until October 23, 2025.
Medco Energi Global Pte Ltd (“MEG”)
Glencore Singapore Pte. 7 Januari 2023/ PJB Minyak Mentah Belanak, Belida, Perjanjian Pembayaran Di Muka
Ltd. January 7, 2023 Forel & Senoro yang efektif dari tanggal sejumlah AS$100.000.000 pada tahun
1 Januari 2023 sampai dengan tanggal 2023/
31 Desember 2025 dengan ketentuan Prepayment Agreement for advance
bahwa setiap hak dan kewajiban yang payment of US$100,000,000 in 2023.
timbul berdasarkan Perjanjian ini harus
diselesaikan sesuai dengan ketentuan
Perjanjian/
Belanak, Belida, Forel & Senoro
COSPA effective from January 1, 2023
until December 31, 2025 provided that
any rights and obligations which arise
under this Agreement shall be settled
pursuant to the provisions of the
Agreement.
462
460 PT Medco Energi Internasional Tbk 2024 Annual Report
301
Page 465
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
c. Perjanjian Jual Beli Minyak Mentah & c. Crude Oil & Condensate Sales and Purchase
Kondensat (lanjutan) Agreements (continued)
Tanggal Perjanjian/ Pembayaran uang muka/
Perusahaan/ Entity Komitmen/ Commitment
Agreement Date Advance payment
Medco Energi Global Pte Ltd (“MEG”) (lanjutan/continued)
Saras Trading SA 6 Januari 2023/ PJB Kondensat Arun yang efektif dari tanggal N/A
January 6, 2023 1 Januari 2023 sampai dengan tanggal
31 Desember 2025 dengan ketentuan bahwa
setiap hak dan kewajiban yang timbul
berdasarkan Perjanjian ini harus diselesaikan
sesuai dengan ketentuan Perjanjian/
Arun COSPA effective from January 1, 2023
until December 31, 2025 provided that any
rights and obligations which arise under this
Agreement shall be settled pursuant to the
provisions of the Agreement.
BCP Trading Global Pte. 17 Januari 2023/ PJB Kondensat Grissik Mix yang efektif dari N/A
Ltd. January 17, 2023 tanggal 1 Januari 2023 sampai dengan
tanggal 31 Desember 2025 dengan ketentuan
bahwa setiap hak dan kewajiban yang timbul
berdasarkan Perjanjian ini harus diselesaikan
sesuai dengan ketentuan Perjanjian/
COSPA effective from January 1, 2023 until
December 31, 2025 provided that any rights
and obligations which arise under this
Agreement shall be settled pursuant to the
provisions of the Agreement.
PT Medco Daya Abadi 27 November 2023/ PJB Minyak Mentah untuk pembelian, Efektif sejak
Lestari Singapore November 27, 2023 penerimaan dan pembayaran minyak mentah 27 November 2023, telah
Branch (“MDAL SG”) dengan tanggal efektif perjanjian adalah dibuat perjanjian pembayaran
21 Desember 2022 dan akan berakhir hingga dengan uang muka dan
31 Desember 2025/ jangka waktu perjanjian akan
Agreement of Crude Oil Sales and Purchase berakhir pada 31 Desember
for purchase, receipt and payment of crude oil 2025/
with effective date from Effective as of
December 21, 2022 and term of agreement November 27, 2023,
until December 31, 2025 Prepayment agreement has
been made with advance
payment and the term of the
agreement will end on
December 31, 2025.
Shell International 5 April 2024/ PJB Minyak Mentah Oman Export Blend Perjanjian Pembayaran
Eastern Trading April 5, 2024 efektif dari tanggal 1 April 2024 sampai Dimuka sejumlah
Company dengan tanggal 31 Maret 2027. Pembeli AS$200.000.000 pada tahun
harus mengambil dan membeli dari Penjual 2024/
setiap bulan selama Jangka Waktu Prepayment Agreement for
Pengiriman, dengan tunduk pada ketentuan advance payment of
COSPA ini, Seratus Persen (100%) bagian US$200,000,000 in 2024.
Penjual atas Oman Export Blend/
Oman Export Blend COSPA effective from
April 1, 2024 until March 31, 2027. The Buyer
shall lift and purchase from the Seller each
month during the Delivery Term, subject to
the terms of this COSPA, one Hundred
Percent (100%) of Seller’s entitlement of
Oman Export Blend Crude Oil.
302
PT Medco Energi Internasional Tbk 2024 Annual Report
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461
Page 466
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain d. Other Agreements
i. Perjanjian Pengangkutan Gas Melalui Pipa i. Gas Transportation Agreement Through
Pipes
a. Pada tanggal 10 Desember 2014, PT a. On December 10, 2014, PT Mitra Energi
Mitra Energi Gas Sumatera (“MEGS”) Gas Sumatera (“MEGS”) entered into a
melakukan perjanjian tripartit dengan tripartite agreement with PT Perusahaan
PT Perusahaan Listrik Negara (Persero) Listrik Negara (Persero) and PT Medco
dan PT Medco E & P Lematang E & P Lematang (“MEPL”) related to the
(“MEPL”) terkait pemanfaatan jalur usage of the transmission pipeline for the
transmisi pipa atas pengangkutan gas transportation of natural gas from
bumi dari Lapangan Singa di Blok Lapangan Singa in Lematang Block to
Lematang ke Stasiun Gunung Megang Gunung Megang Station with total gas of
dengan jumlah gas yang diangkut 36,661 MMSCF for a gas transportation
sebesar 36.661 MMSCF untuk jasa service fee of US$0.45/MSCF until April
transportasi gas sebesar AS$0,45/MSCF 2017. Under this agreement, MEGS is
hingga April 2017. Dalam perjanjian ini, the operator of the pipeline and transport
MEGS sebagai pihak yang natural gas.
mengoperasikan pipa dan melakukan
transportasi gas bumi.
Perjanjian ini terakhir diamandemen The agreement was last amended on
pada tanggal 24 Agustus 2021, MEGS August 24, 2021, MEGS and MEPL
dan MEPL menandatangani Amandemen signed the Gas Transportation
Perjanjian Pengangkutan Gas Bumi yang Amendment Agreement valid to
berlaku sampai dengan 31 Januari 2027 January 31, 2027 or when the
atau pada saat telah terpenuhinya distribution of natural gas is achieved by
jumlah penyaluran gas bumi oleh MEPL. MEPL.
b. Pada tanggal 22 Februari 2023, TGI, b. On February 22, 2023, TGI, PetroChina
PetroChina International Jabung Ltd. International Jabung Ltd. (PCJL), as
(PCJL), sebagai operator Jabung PSC Jabung PSC operator and Medco E&P
dan Medco E&P Grissik Ltd. (MEPG), Grissik Ltd. (MEPG), as the operator of
sebagai operator Corridor PSC, the Corridor PSC, signed a new Gas
menandatangani Perjanjian Transportation Agreement (GTA) for
Pengangkutan Gas baru (GTA) untuk continuation of gas delivery to Gas
kelanjutan pengaliran gas ke Gas Supply Supply Pte. Ltd. (GSPL) as the
Pte. Ltd. (GSPL) sebagai pelaksanaan implementation of the new Gas Sales
terhadap Perjanjian Jual Beli Gas Agreement (GSA) with GSPL, under
(PJBG) baru dengan GSPL, dimana which Corridor PSC starts its gas
Corridor PSC memulai pengaliran gas delivery to GSPL from August 12, 2023.
nya ke GSPL dari tanggal 12 Agustus Terms of GTA volume and period are the
2023. Ketentuan volume dan periode same as the GSA volume and period
GTA adalah sama dengan volume dan with GSPL.
periode GSA dengan GSPL.
464
462 PT Medco Energi Internasional Tbk 2024 Annual Report
303
Page 467
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
ii. Jasa Pendukung Pengeboran Minyak dan ii. Oil and Gas Drilling Support Services
Gas Bumi
Periode Kontrak/ Estimasi Nilai Kontrak/
Perusahaan/Entity
Contract Period Estimated Contract Value
PT Exspan Petrogas Intranusa (“EPI”)
PT Pertamina EP Asset 2 5 November 2019 – 28 Februari 2022/ Nilai kontrak Rp38.011.011.000/
November 5, 2019 – February 28, 2022 Contract value amounting to Rp38,011,011,000.
terakhir diperpanjang menjadi Nilai kontrak ditambah menjadi Rp49.401.582.500/
tanggal 9 Januari 2023/ Increase in contract value to Rp49,401,582,500.
last amended to January 9, 2023
16 Oktober 2022 - 2 Januari 2025/ Nilai kontrak Rp41.732.600.000/
October 16, 2022 - January 2, 2025 Contract value amounting to Rp41,732,600,000.
PT Antareja Resources Tertanggal 13 November 2023 dan terakhir Pada tanggal 13 November 2023 PT Antareja
diperpanjang menjadi sampai dengan tanggal Resources menandatangani Amandemen III Perubahan
31 Desember 2026/ dan Pernyataan Kembali Perjanjian Jasa Sewa
Dated November 13, 2023 and last amended Menyewa Rig AR#09 (HTHP) Untuk Project Drilling
to December 31, 2026 untuk menambahkan jangka waktu perjanjian sampai
dengan 31 Desember 2026. Amandemen ini berlaku
efektif pada 1 Januari 2024/
On November 13, 2023, PT Antareja Resources signed
Amendment III Amendment and Restatement to the
AR#09 (HTHP) Rig Rental Services Agreement for the
Drilling Project to increase the term of the agreement
until December 31, 2026. This amendment became
effective on January 1, 2024.
PT Pertamina EP (Limau Tertanggal 31 Januari 2024 dan berlaku sejak Nilai Kontrak sebesar Rp48.504.248.900/
Field dan Zona 4) 19 Januari 2024 sampai 18 Februari 2026/ Contract Value amounting Rp48,504,248,900.
Dated January 31, 2024 and valid from
January 19, 2024 to February 18, 2026
PT Scientific Drilling Tertanggal 17 Juni 2024 dan berlaku sejak Nilai Kontrak sebesar Rp11.373.787.500/
International, Indonesia tanggal penandatanganan sampai 31 Contract Value amounting Rp11.373.787.500.
Desember 2024/
Dated June 17, 2024 and valid from the date
of signing until December 31, 2024
304
PT Medco Energi Internasional Tbk 2024 Annual Report
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463
Page 468
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
iii. Perpanjangan PSC iii. Extension of PSC
a. Pada tanggal 14 Januari 2019, a. On January 14, 2019, the Government of
Pemerintah Republik Indonesia melalui Indonesia through Decree No. 09 K/10/
Keputusan Menteri Energi dan Sumber MEM/2019 from the Ministry of Energy
Daya Mineral Republik Indonesia No. 09 and Mineral Resources’ approved the
K/10/MEM/2019 memberikan extension of Production Sharing Contract
persetujuan perpanjangan Kontrak Kerja (PSC) for Rimau Block Area. The gross
Sama (PSC) wilayah kerja Blok Rimau. split scheme will be applied to new
Kontrak baru dengan metode gross split contracts effectively on April 23, 2023 for
ini akan berlaku efektif pada tanggal 20 years. The contractor is obliged to
23 April 2023 untuk jangka waktu 20 offer 10% of their working interest to the
tahun. Kontraktor wajib menawarkan local government.
10% hak kelolanya kepada pemerintah
daerah.
b. Pada tanggal 19 Desember 2023, b. On December 19, 2023, Amended and
Amendemen dan Pernyataan Kembali Restated Production Sharing Contract
Kontrak Bagi Hasil Blok Corridor dalam Corridor Block for Cost Recovery
bentuk Cost Recovery antara SKK Migas between SKK Migas and PSC
dan kontraktor KKS Blok Corridor yaitu contractors Block Corridor, consist of
Medco E&P Grissik Ltd. (MEPG), PT Medco E&P Grissik Ltd. (MEPG), PT
Pertamina Hulu Energi Corridor dan Pertamina Hulu Energi Corridor and
Repsol Corridor SA dan berlaku pada Repsol Corridor SA dan effective on
tanggal 20 Desember 2023. Amendemen December 20, 2023. This Amended and
dan Pernyataan Kembali Kontrak Bagi Restated Production Sharing Contract
Hasil Blok Corridor ini disetujui oleh Block Corridor approved by Minister of
Menteri Energi dan Sumber Daya Energy and Natural Resuorces Number
Mineral Republik Indonesia melalui Surat 444.K/MG.01/MEM.M.2023 dated
Keputusan Nomor 444.K/MG.01/ December 12, 2023, for the period of 20
MEM.M.2023 tertanggal 12 Desember years, with the commitment for the
2023, untuk jangka waktu 20 tahun, amount of US$250 million. Corridor
dengan komitmen sebesar AS$250 Juta. Block PSC contractors have the
Kontraktor KKS Blok Corridor obligation to offer 10% Participating
berkewajiban untuk menawarkan 10% Interest to the Local Government.
Participating Interest kepada Pemerintah
Daerah.
466
464 PT Medco Energi Internasional Tbk 2024 Annual Report
305
Page 469
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
iv. Perjanjian Operasi Bersama Medco E&P iv. Joint Operating Agreement of Medco E&P
Natuna Ltd. Natuna Ltd.
Pada tanggal 1 Februari 2007, sebagai On February 1, 2007, as the owner of the
pemilik hak partisipasi di PSC Blok B Laut participating interest in South Natuna Sea
Natuna Selatan (“PSC”), (i) ConocoPhillips Block B PSC (“PSC”), (i) ConocoPhillips
Indonesia Inc. Ltd. (sekarang menjadi Indonesia Inc. Ltd. (now known as Medco
Medco E&P Natuna Ltd., “MEPN”) sebagai E&P Natuna Ltd., “MEPN”) as the owner of
pemilik 40% hak partisipasi dan juga 40% participating interest and also as the
sebagai operator, (ii) Inpex Natuna Ltd. operator, (ii) Inpex Natuna, Ltd. (now known
(sekarang menjadi Medco South Natuna as Medco South Natuna Sea Ltd.) as the
Sea Ltd.) sebagai pemilik hak partisipasi owner of 35% participating interest which
sebesar 35% yang telah mengalihkan hak has assigned its participating interest to PT
partisipasinya kepada PT Medco Daya Medco Daya Natuna, and (iii) Chevron
Natuna, dan (iii) Chevron South Natuna B South Natuna B Inc. (now known as Prime
Inc. (sekarang menjadi Prime Natuna Inc.) Natuna Inc.) as the owner of 25%
sebagai pemilik hak partisipasi sebesar 25% participating interest (the "Parties”) entered
(“Para Pihak”) mengadakan Perjanjian into a Joint Operating Agreement ("JOA") to
Operasi Bersama (“JOA”) untuk mengatur define their respective rights and obligations
hak dan kewajiban Para Pihak atas with respect to their operations under the
kegiatannya di wilayah kerja PSC. PSC.
Perjanjian ini menggantikan JOA tertanggal This agreement shall supersede the JOA
22 Mei 1969 dan akan terus berlaku sampai dated May 22, 1969 and shall continue in
diakhiri dengan persetujuan Para Pihak atau effect until terminated by consent of the
satu pihak dari semua kepentingan untuk Parties or the vesting in one party of all
seluruh atau sebagian dari wilayah kerja, interests as to the whole or any portion of
atau ketika berakhirnya kontrak. the contract area, or on expiration of the
Berdasarkan JOA, operator berhak contract. Based on the JOA, the operator
membebankan kepada Joint Account semua shall charge to the Joint Account all charges
biaya-biaya terkait jasa oleh induk for service rendered by the Corporate Parent
perusahaan operator. Non-operator harus of the operator. The non-operator shall also
membayar kepada operator atas biaya pay to the operator parent company
overhead induk perusahaan operator. overhead.
Pada tanggal 15 Januari 1999, On January 15, 1999, ConocoPhillips
ConocoPhillips Indonesia Inc Ltd (sekarang Indonesia Inc Ltd (now known as Medco
menjadi Medco E&P Natuna Ltd, “MEPN”), E&P Natuna Ltd, “MEPN”), Premier Oil
Premier Oil Natuna Sea Limited (sekarang Natuna Sea Limited (now known as Premier
Premier Oil Natuna Sea B.V., “Premier Oil”) Oil Natuna Sea B.V., "Premier Oil") and Gulf
dan Gulf Resources (Kakap) Ltd. (sekarang Resources (Kakap) Ltd. (now known as Star
Star Energy (Kakap) Ltd.,”Star Energy”) Energy (Kakap) Ltd., "Star Energy") as "PSC
sebagai “Grup PSC” dengan persetujuan Group” with the consent and concurrence of
Pertamina, mengadakan Perjanjian West Pertamina, entered into West Natuna
Natuna Transportation System Joint Venture Transportation System Joint Venture
(“JV WNTS”). Grup PSC bermaksud untuk ("WNTS JV") Agreement. The PSC Group
membangun dan mengoperasikan Sistem wish to provide for the ownership
Pipa Natuna Barat. construction and operation of the West
Natuna Pipeline System.
306
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465
Page 470
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
iv. Perjanjian Operasi Bersama Medco E&P iv. Joint Operating Agreement of Medco E&P
Natuna Ltd. (lanjutan) Natuna Ltd. (continued)
Jaringan SembGas dan Fasilitas Penerima, SembGas Line and the Receiving Facilities
dan bermaksud untuk menggunakan sistem also to use the system for the transporting
tersebut untuk mengangkut dan/atau and/or redelivery of gas other than pursuant
mengantarkan kembali gas selain gas yang to the Gas Sales Agreement (between
dimaksud dalam Perjanjian Penjualan Gas Pertamina and SembCorp Gas Pte. Ltd.).
(antara Pertamina dan SembCorp Gas Pte. This agreement shall remain in full force and
Ltd.). Perjanjian ini akan berlaku penuh full effect until all the PSC groups, each in its
sampai dengan semua Grup PSC, dalam capacity as a member of the WNTS JV
kapasitasnya sebagai anggota dari Grup JV Group, have withdrawn from this agreement.
WNTS menarik diri dari perjanjian ini.
Pada tanggal 31 Oktober 2008, MEPN, Star On October 31, 2008, MEPN, Star Energy
Energy dan Premier Oil (“Grup PSC”) and Premier Oil (The “PSC Group”) together
dengan persetujuan BPMIGAS (sekarang with the consent and concurrence of
SKK Migas) mengadakan Perjanjian BPMIGAS (now SKK Migas) entered into
Pengangkutan GSA2 atau GSA2 TA, GSA2 or The GSA2 TA, GSA2 shall mean
dimana GSA2 merupakan perjanjian antara the Agreement between Premier Oil and
Premier Oil dengan SembCorp Gas Pte. Ltd. SembCorp Gas Pte. Ltd. ("SembGas"). The
("SembGas"). Grup PSC telah mendapat PSC Group has been granted by SembGas,
izin dari SembGas, untuk menggunakan the right to use the SembGas Line for
Jalur SembGas untuk pengangkutan gas transportation of Gas for delivery under
GSA2 dan dalam kapasitasnya sebagai GSA2 and has granted in favor of the WNTS
anggota JV WNTS, mendapatkan izin JV Group, a license of the Receiving
penggunaan Fasilitas Penerima Facilities to enable the delivery of GSA2 gas
memungkinkan pengantaran gas GSA2 at delivery point.
pada titik penyerahan.
Sesuai dengan haknya sebagai anggota JV Pursuant to their right under the WNTS JV
WNTS, Grup PSC memiliki hak untuk parties, PSC Group has the right to use the
menggunakan sistem pengangkutan dan/ System for the transportation and/or delivery
atau penyerahan gas selain dari WNG Gas of gas other than WNG Gas (Agreement
(Perjanjian antara anggota JV WNTS), dan between WNTS JV Parties), and agrees to
dengan ini menyetujui untuk menyediakan provide gas transportation services to the
jasa pengangkutan gas kepada Kelompok GSA2 Supply Group. This agreement shall
Penyedia GSA2. Perjanjian ini berakhir pada end on July 14, 2028.
tanggal 14 Juli 2028.
468
466 PT Medco Energi Internasional Tbk 2024 Annual Report
307
Page 471
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
iv. Perjanjian Operasi Bersama Medco E&P iv. Joint Operating Agreement of Medco E&P
Natuna Ltd. (lanjutan) Natuna Ltd. (continued)
Pada tanggal 4 Maret 2024, MEPN, Star On March 4, 2024, MEPN, Star Energy dan
Energy dan Premier Oil (“Grup PSC”) Premier Oil (“PSC Group”) signed the Gas
mengadakan Perjanjian Pengangkutan Transportation Agreement for GSA3 or
GSA3 atau GSA3 TA, dimana GSA3 GSA3 TA, where GSA3 is an agreement
merupakan perjanjian antara MEPN, between MEPN, as the Seller for GSA3 with
sebagai Penjual untuk GSA3 dengan SembCorp Gas Pte. Ltd. (“SembGas”). This
SembCorp Gas Pte. Ltd. ("SembGas"). GSA3 TA will end by October 15, 2028. PSC
Perjanjian GSA3 TA ini akan berakhir pada Groups has obtained permit from SembGas,
15 Oktober 2028. Grup PSC telah mendapat to use SembGas Line to transport the gas
izin dari SembGas, untuk menggunakan for GSA3 and in its capacity as party in
Jalur SembGas untuk pengangkutan gas WNTS JV, obtained permit to use the
GSA3 dan dalam kapasitasnya sebagai Receiving Facility to allow the delivery of
anggota JV WNTS, mendapatkan izin GSA3 gas at the delivery point. The delivery
penggunaan Fasilitas Penerima point used for GSA3 will be sharing meter
memungkinkan pengantaran gas GSA3 with GSA2. Therefore, GSA2 Seller and
pada titik penyerahan. Titik serah yang akan GSA3 Seller together with SembGas have
digunakan untuk GSA3 akan sama dengan signed the ORF2 meter sharing agreement
titik serah untuk GSA2. Untuk itu, Penjual on March 14, 2024.
untuk GSA2 dan Penjual untuk GSA3
bersama dengan SembGas telah
menandatangani surat kesepakatan
bersama penggunaan meter bersama ORF
2 pada 14 Maret 2024.
v. Letter of Agreement untuk Implementasi v. Letter of Agreement for the Implementation
atas Penyesuaian Harga Gas Bumi of Natural Gas Price Adjustment
Pada tahun 2020, perusahaan Medco In 2020, the Medco companies holding the
pemegang PSC Sampang, Madura, Blok A Sampang, Madura, Block A (Aceh) and
(Aceh) dan Sumatera Selatan South Sumatera PSCs signed Letters of
menandatangani Letters of Agreement Agreement (LOA) for the implementation of
(LOA) untuk implementasi atas penyesuaian natural gas price adjustments in accordance
harga gas bumi sesuai dengan Keputusan with Minister of Energy and Mineral
Menteri Energi dan Sumber Daya Mineral Resources decree number
nomor 91K/12/MEM/2020. 91K/12/MEM/2020.
Perbedaan harga antara PJBG dengan LOA The difference in price between the
tidak akan mempengaruhi pendapatan respective GSAs and the LOAs will not
bulanan Grup. affect the Group’s monthly revenue.
vi. Kontrak Unitisasi vi. Unitization Agreement
Sesuai dengan Peraturan Pemerintah No. In accordance with Government Regulation
35 Tahun 2004 tentang Kegiatan Usaha No. 35 Year 2004 on Upstream Oil and Gas
Hulu Minyak dan Gas Bumi, Kontraktor KKS Business Activities, a PSC contractor is
diwajibkan untuk melakukan unitisasi required to conduct unitization if it is proven
apabila terbukti adanya pelamparan that its reservoir extends into another
reservoir yang memasuki Wilayah Kerja contractor’s Working Area. The MoEMR will
Kontraktor lainnya. Menteri ESDM determine the operator for the unitization
menentukan operator pelaksana unitisasi based on the agreement between the
berdasarkan kesepakatan di antara para contractors involving the unitization after
Kontraktor yang melakukan unitisasi setelah considering the opinion of SKK Migas.
mendapatkan pertimbangan SKK Migas.
308
PT Medco Energi Internasional Tbk 2024 Annual Report
469
467
Page 472
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
49. KONTRAK, PERJANJIAN DAN IKATAN YANG 49. SIGNIFICANT CONTRACTS, AGREEMENTS AND
SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Lain-lain (lanjutan) d. Other Agreements (continued)
vi. Kontrak Unitisasi (lanjutan) vi. Unitization Agreement (continued)
Karena beberapa pelamparan reservoir Since several of MEPG’s oil and gas
minyak dan gas MEPG memasuki Wilayah reservoirs extend into other Contractor’s
Kerja kontraktor lainnya, MEPG melakukan Working Areas, MEPG has entered into
perikatan Perjanjian Unitisasi dengan PT Unitization Agreement with PT Pertamina
Pertamina Hulu Energi Jambi Merang dan Hulu Energi Jambi Merang and PT
PT Pertamina EP dengan wilayah kerja di Pertamina EP for South Sumatera and
Sumatera Selatan dan Jambi yang efektif Jambi working area which effective until one
sampai dengan salah satu PSC berakhir. of the PSC ends.
50. KONTINJENSI 50. CONTINGENCIES
a. Litigasi a. Litigations
i. Gugatan Hukum Khairil Anwar dengan i. Lawsuit from Khairil Anwar Against PT
PT Medco E & P Malaka (“MEPM”) Medco E & P Malaka (“MEPM”)
Pada tanggal 28 Agustus 2018, Khairil On August 28, 2018, Khairil Anwar
Anwar (Penggugat), melalui kuasa (Plaintiff), through his attorney filed a
hukumnya mengajukan gugatan terhadap lawsuit against PT Medco E & P Malaka
PT Medco E & P Malaka (“MEPM”) (“MEPM”) (Defendant I) and SKK Migas
(Tergugat I) dan SKK Migas (Tergugat II) (Defendant II) to South Jakarta District
kepada Pengadilan Negeri Jakarta Court. The lawsuit filed by Khairil Anwar
Selatan. Gugatan yang diajukan oleh is related to the demand for
Khairil Anwar terkait dengan permintaan compensation for construction of tunnel
ganti rugi atas pembangunan gorong- that leads the water/ dirty liquid/ waste
gorong yang menyebabkan air/cairan from construction of gas production
kotor/ limbah terkait pembangunan facilities of Block A directly to the
fasilitas pengelolaan gas Blok A Plaintiff’s land in Dusun TB.IV, Gempong
mengarah langsung ke lahan Penggugat Blang Nisam Village, Sub-district Indra
yang terletak di Dusun TB.IV, Desa Makmur, East Aceh, resulting in damages
Gempong Blang Nisam, Kecamatan Indra to Plaintiff’s land and plants.
Makmur, Aceh Timur, yang
mengakibatkan kerusakan tanah serta
tanaman Penggugat.
Pada 29 Oktober 2019, Pengadilan On October 29, 2019, the South Jakarta
Negeri Jakarta Selatan yang memeriksa District Court that examined and judged
dan mengadili Perkara telah the Case read out the verdict which
membacakan putusan yang pada intinya basically stated that the Plaintiff’s Claim
menyatakan Gugatan Penggugat tidak could not be accepted. Until the deadline
dapat diterima. Hingga tenggat waktu set out in the law, the Plaintiff did not
yang diatur dalam undang-undang, submit any Appeal and therefore the
Penggugat tidak mengajukan upaya Case’s decision was legally binding.
Banding dan oleh karenanya putusan
Perkara telah berkekuatan hukum tetap.
Pada 15 Januari 2020, Penggugat On January 15, 2020, Plaintiff initiated a
memulai gugatan serupa tetapi kali ini, similar lawsuit but this time, Plaintiff
Penggugat mengikutsertakan Badan included Badan Pengelola Migas Aceh as
Pengelola Migas Aceh sebagai Tergugat the Third Defendant.
Ketiga.
470
468 PT Medco Energi Internasional Tbk 2024 Annual Report
309
Page 473
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
i. Gugatan Hukum Khairil Anwar dengan i. Lawsuit from Khairil Anwar Against PT
PT Medco E & P Malaka (“MEPM”) Medco E & P Malaka (“MEPM”)
(lanjutan) (continued)
Putusan pengadilan dibacakan pada Court decision read out the verdict on
21 Februari 2022. Dalam pembacaan February 21, 2022. During the
putusan, pertimbangan Majelis Hakim pronouncement of the verdict, the Panel
yang mendasari putusan perkara of Judges’ considerations which underlies
menyatakan: the case decision stated:
1 Dalam Eksepsi: menolak eksepsi 1 In Exception: rejects the exception
dari Tergugat I, Tergugat II, dan from the Defendant I, the Defendant
Tergugat III; dan II, and the Defendant III; and
2 Dalam Pokok Perkara: 2 In Merits Case:
i. Menyatakan gugatan i. Declare the Plaintiff’s lawsuit
Penggugat diterima sebagian. partially accepted.
ii. Menyatakan bahwa Tergugat I, ii. Declare that Defendant I,
Tergugat II dan Tergugat III Defendant II and Defendant III
telah melakukan perbuatan have committed an unlawful act
melawan hukum tanpa without being punished to pay
dihukum untuk membayar ganti any compensation.
rugi.
iii. Memerintahkan Tergugat I, iii. To order Defendant I,
Tergugat II dan Tergugat III Defendant II and Defendant III
untuk membayar biaya perkara. to pay court costs.
MEPM berpendapat putusan tersebut MEPM is of the opinion that the verdict
tidak memiliki dasar hukum yang layak, have no proper legal basis, and therefore
oleh karena itu MEPM mengajukan MEPM have submitted an appeal to the
banding kepada Pengadilan Tinggi DKI DKI Jakarta High Court.
Jakarta.
Pada tanggal 21 Februari 2023, On February 21, 2023, the DKI Jakarta
Pengadilan Tinggi DKI Jakarta telah High Court issued the verdict by Decision
mengeluarkan Putusan Nomor 106/ Number 106/PDT/2023/PTDKI which in
PDT/2023/PTDKI yang pada intinya essence strengthened the previous
memperkuat putusan Pengadilan Negeri District Court decision.
sebelumnya.
Berdasarkan Putusan Pengadilan Tinggi Based on the verdict of the DKI Jakarta
DKI Jakarta tersebut, baik MEPM High Court, both MEPM and the Plaintiff
maupun Penggugat masing-masing respectivelly submitted Cassation to the
mengajukan Kasasi kepada Mahkamah Supreme Court of the Republic of
Agung Republik Indonesia. Indonesia.
310
PT Medco Energi Internasional Tbk 2024 Annual Report
471
469
Page 474
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
i. Gugatan Hukum Khairil Anwar dengan i. Lawsuit from Khairil Anwar Against PT
PT Medco E & P Malaka (“MEPM”) Medco E & P Malaka (“MEPM”)
(lanjutan) (continued)
Pada tanggal 25 Juni 2024, Mahkamah On June 25 2024, the Supreme Court of
Agung Republik Indonesia telah the Republic of Indonesia issued Decision
mengeluarkan Putusan Nomor 901/K/ Number 901/K/PDT/2024 which
PDT/2024 yang pada intinya memperkuat essentially strengthened the decision of
putusan Pengadilan Tinggi DKI Jakarta the DKI Jakarta High Court with an
dengan tambahan berupa penetapan additional determination of material
ganti kerugian materil sebesar compensation amounting to
Rp39.290.400 (tiga puluh sembilan juta Rp39,290,400 (thirty-nine million two
dua ratus sembilan puluh ribu empat hundred ninety thousand four hundred
ratus Rupiah). Penggugat sebelumnya Rupiah). The Plaintiff previously from the
sejak awal gugatan menuntut ganti rugi start of the lawsuit demanded material
materil sebesar Rp2.826.360.000 (dua compensation of Rp2,826,360,000 (two
milyar delapan ratus dua puluh enam juta billion eight hundred twenty-six million
tiga ratus enam puluh ribu Rupiah). three hundred and sixty thousand
Rupiah).
Putusan Mahkamah Agung Republik
Indonesia merupakan putusan yang telah The decision of the Supreme Court of the
berkekuatan hukum tetap, meskipun Republic of Indonesia is a decision that
masih terdapat upaya hukum yang dapat final and binding, although there are still
dilakukan yaitu Peninjauan Kembali. legal remedies that can be taken, a
Sampai dengan laporan ini diterbitkan, Judicial Review. As of the publication of
belum ada pihak yang mengajukan this report, no party has submitted a
Peninjauan Kembali. request for Judicial Review.
Tidak ada pencadangan atas gugatan No provision was recognized for this
tersebut dalam laporan keuangan lawsuit in its consolidated financial
konsolidasian. statements.
472
470 PT Medco Energi Internasional Tbk 2024 Annual Report
311
Page 475
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania 4 Tanzania
(a) Perkara Komersial No. 185 Tahun (a) Commercial Case No. 185 of 2013,
2013, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) di Dar es Salaam Division) at Dar es Salaam
Perkara ini, yang diajukan pada This case, filed in 2013, was
tahun 2013, telah dibatalkan oleh dismissed by the court in June 2018.
pengadilan pada bulan Juni 2018. Four years later, Moto Mabanga filed
Empat tahun kemudian, Moto Miscellaneous Commercial
Mabanga mengajukan Permohonan Application No. 19 of 2022, seeking
Komersial Lain-Lain No. 19 Tahun for extension of time within which to
2022, meminta perpanjangan waktu apply for an order to set aside the
untuk mengajukan perintah untuk court’s decision of June 2018.The
mengesampingkan keputusan application was dismissed in May
pengadilan Juni 2018. Permohonan 2022. Moto Mabanga then filed a
tersebut ditolak pada Mei 2022. Notice of Appeal against the court’s
Moto Mabanga kemudian decision dismissing the application
mengajukan Pemberitahuan but, to date, no appeal has been
Banding terhadap keputusan filed. Therefore, unless and until
pengadilan yang menolak Moto Mabanga files an appeal, for
permohonan tersebut, namun which it would required an extension
hingga saat ini, belum ada banding of time by the Court of Appeal, and
yang diajukan. Oleh karena itu, succeeds in the appeal, the High
kecuali dan sampai Moto Mabanga Court’s decision of May 2022,
mengajukan banding, yang mana dismissing the application, stands
memerlukan perpanjangan waktu and so does the court’s decision of
dari Pengadilan Banding, dan June 2018, dismissing the case.
berhasil dalam banding tersebut,
keputusan Pengadilan Tinggi Mei
2022, yang menolak permohonan,
tetap berlaku dan begitu juga
keputusan pengadilan Juni 2018,
memberhentikan kasus tersebut.
Kasus ini dianggap sebagai This case shall be considered as
masalah yang tertunda, namun jika pending matter, however if Moto
Moto Mabanga mengajukan banding Mabanga file an appeal against the
atas keputusan pengadilan yang court’s decision dismissing
menolak Permohonan Lain-Lain No. Miscellaneous Application No. 19 of
19 Tahun 2022 dan berhasil dalam 2022 and succeed in the appeal, it
banding tersebut, maka kemudian could then revive proceedings for
dapat menghidupkan kembali the restoration of the case. Unless
proses pemulihan kasus tersebut. and until that happen, even though
Kecuali dan sampai hal itu terjadi, the chances of it successfully
meskipun peluang keberhasilannya happening are remote, the case has
sangat kecil, kasus tersebut harus to be treated as having come to an
dianggap telah berakhir. end.
312
PT Medco Energi Internasional Tbk 2024 Annual Report
473
471
Page 476
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania (lanjutan) 4 Tanzania (continued)
(b) Perkara Perdata Lain-Lain No. 14 (b) Miscellaneous Civil Cause No. 14 of
Tahun 2014, Pengadilan Tinggi 2014, High Court Tanzania (Dar es
Tanzania (Dar es Salaam) Salaam Registry)
Perkara konstitusional ini diawali This constitutional case commenced
dengan petisi dan berdasarkan by way of a petition and based on
fakta-fakta yang sama dengan similar facts as those in Commercial
Perkara Komersial No. 185 Tahun Case No. 185 of 2013, was tried by
2013 ini, disidangkan oleh the Constitutional court in May 2016,
Mahkamah Konstitusi pada Mei pending determination of
2016 secara paralel menunggu Commercial Case No. 185 of 2013.
penetapan Perkara Komersial No. Since the dismissal of the
185 Tahun 2013. Sejak Perkara commercial case in June 2018, Moto
Komersial pada Juni 2018 Mabanga has made no effort to
diberhentikan, Moto Mabanga tidak revive the proceedings in the
melakukan upaya untuk constitutional case. There are two
menghidupkan kembali proses options available to the Company.
perkara konstitusional. Ada dua First, it could let the status quo be
pilihan yang tersedia bagi maintained until Moto Mabanga
Perusahaan. Pertama, status quo revives the trial or the court, on its
dapat dipertahankan sampai Moto own motion, calls up the case.
Mabanga menghidupkan kembali Second, if it continued, but dormant,
persidangan atau pengadilan, atas pendency of the case is a matter of
mosinya sendiri, memanggil kasus concern to the Company (for
tersebut. Kedua, jika berlanjut, tetapi example, from an audit perspective)
tidak aktif, penundaan kasus the Company could file an
menjadi perhatian Perusahaan application to the court to have the
(misalnya, dari sudut pandang audit) constitutional case struck out
maka Perusahaan dapat because of Moto Mabanga’s failure
mengajukan permohonan ke to prosecute it.
pengadilan untuk membatalkan
perkara konstitusional karena Moto
Mabanga telah gagal untuk
menjalankannya.
474 PT Medco Energi Internasional Tbk 2024 Annual Report
313
Page 477
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania (lanjutan) 4 Tanzania (continued)
(c) Perkara Perpajakan No. 18 Tahun (c) Taxation Cause No. 18 of 2019,
2019, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) Division)
Perkara ini berkaitan dengan This relates to a bill of costs filed by
tagihan biaya yang diajukan oleh the Company in Commercial Case
Perusahaan dalam Perkara No. 18 of 2013. The bill of costs was
Komersial No. 18 Tahun 2013. taxed on August 30, 2022 and an
Tagihan biaya dikenakan pajak pada amount of Shilling Tanzania
tanggal 30 Agustus 2022 dan 579,410,919 (equivalent to
sejumlah Shilling Tanzania approximately US$251,917) was
579.410.919 (setara dengan sekitar awarded to the Company. The
AS$251.917) telah diberikan kepada process for recovery of this amount
Perusahaan. Proses pemulihan from Moto Mabanga would entail
jumlah ini dari Moto Mabanga akan making an application to the court
memerlukan pengajuan ke for execution by way of attachment
pengadilan untuk eksekusi dengan and sale of Moto Mabanga’s assets
melampirkan dan menjual aset Moto in Tanzania. Such application has
Mabanga di Tanzania. Permohonan not been made because the
tersebut belum dibuat karena sejauh Company have been unsuccessful in
ini Perusahaan belum berhasil our efforts to find out any assets
dalam upaya untuk mengetahui aset owned by Moto Mabanga in
apa pun yang dimiliki oleh Moto Tanzania.
Mabanga di Tanzania.
(d) Perkara Perpajakan No. 61 Tahun (d) Taxation Cause No. 61 of 2022,
2022, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) Division)
Tagihan biaya dalam Perkara The bill of costs in this taxation
Perpajakan ini timbul dari Perkara cause arose out of Commercial
Komersial No. 43 Tahun 2019 dan Case No. 43 of 2019 and was taxed
telah dikenakan pajak oleh by the court on August 12, 2022. An
pengadilan pada tanggal amount of Shilling Tanzania
12 Agustus 2022 sebesar Shilling 22,043,000 (equivalent to
Tanzania 22.043.000 (setara approximately US$9,584) was
dengan sekitar AS$9.584) diberikan awarded to the Company. Recovery
kepada Perusahaan. Pemulihan of the amount would have to be
jumlah tersebut harus melalui through execution by way of
eksekusi dengan melampirkan dan attachment and sale of Moto
menjual aset Moto Mabanga. Mabanga’s assets. An application for
Permohonan eksekusi tidak execution has not been filed, for the
diajukan, karena alasan-alasan reasons stated in point (c) above.
yang disebutkan dalam butir (c) di
atas.
314
PT Medco Energi Internasional Tbk 2024 Annual Report
475
Page 478
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
ii. Gugatan Hukum dari Moto Mabanga ii. Lawsuit from Moto Mabanga Against
dengan Ophir Energy Ltd., Ophir Ophir Energy Ltd., Ophir Services Pty.
Services Pty. Ltd. (Perusahaan) dan B.G. Ltd. (the Company) and B.G. Tanzania
Tanzania Limited (Para Tergugat) pada Limited (the Defendants) Block 1, 3, and
Blok 1, 3, dan 4 Tanzania (lanjutan) 4 Tanzania (continued)
(e) Perkara Perpajakan No. 96 Tahun (e) Taxation Cause No. 96 of 2022,
2022, Pengadilan Tinggi Tanzania High Court of Tanzania (Commercial
(Divisi Komersial) Division)
Tagihan biaya dalam Perkara The bill of costs in this taxation
Perpajakan ini muncul dari cause arose out of Commercial
Permohonan Komersial No. 19 Application No. 19 of 2022. It was
Tahun 2022. Dikenakan pajak, pada taxed, on September 9, 2022, at
9 September 2022, sebesar Shilling Shilling Tanzania 2,680,000
Tanzania 2.680.000 (setara dengan (equivalent to approximately
kurang lebih AS$1.165). Jumlah ini US$1,165). This amount would be
dapat diperoleh kembali melalui recoverable through execution by
eksekusi dengan melampirkan dan attachment and sale of Moto
menjual aset Moto Mabanga, tetapi Mabanga’s assets, but for similar
karena alasan yang sama seperti reasons as those stated in point (c)
yang disebutkan dalam poin (c) di above, this has so far not been
atas, sejauh ini hal tersebut tidak possible.
dapat dilakukan.
(f) Perkara Perpajakan No.57 Tahun (f) Taxation Cause No.57 of 2021,
2021, Pengadilan Banding Tanzania Court of Appeal of Tanzania
Tagihan biaya timbul dari Perkara The bill of costs arose out of Civil
Banding Perdata No. 119 Tahun Appeal No. 119 of 2021 instituted by
2021 yang diajukan oleh Moto Moto Mabanga against the decision
Mabanga terhadap putusan of the High Court (Commercial
Pengadilan Tinggi (Divisi Komersial) Division) in Commercial Case No. 43
dalam Perkara Komersial No. 43 of 2019. The bill of costs was taxed
Tahun 2019. Tagihan biaya tersebut on July 26, 2022 at Shilling Tanzania
dikenakan pajak pada tanggal 7,210,000 (equivalent to
26 Juli 2022 sebesar Shilling approximately US$3,130). For
Tanzania 7.210.000 (setara dengan similar reasons as stated in point (c)
kurang lebih AS$3.130). Dengan above, it has so far not been
alasan yang sama seperti pada butir possible to file an application for
(c) di atas, permohonan execution of the taxation order.
pelaksanaan perintah perpajakan
sampai saat ini belum dapat
diajukan.
476 PT Medco Energi Internasional Tbk 2024 Annual Report
315
Page 479
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iii. Gugatan Hukum dari PT Hago Igur iii. Lawsuit from PT Hago Igur Energy
Energy
Pada 11 Desember 2018, PT Hago Igur On December 11, 2018, PT Hago Igur
Energy sebagai Penggugat melalui kuasa Energy as the Plaintiff filed a suit in the
hukumnya mengajukan gugatan di South Jakarta District Court against Ophir
Pengadilan Negeri Jakarta Selatan Energy Indonesia (West Papua IV) 1
terhadap Ophir Energy Indonesia (West Limited, Ophir Energy Indonesia (Kofiau)
Papua IV) 1 Limited, Ophir Energy 1 Limited, Ophir Energy Indonesia
Indonesia (Kofiau) 1 Limited, Ophir (Halmahera-Kofiau) 1 Limited, Ophir
Energy Indonesia (Halmahera-Kofiau) 1 Energy Ltd. (collectively referred to as
Limited, Ophir Energy Ltd. (secara “Group”) and Niko (Neco) Ltd. as the
bersamaan disebut “Grup”) dan Niko Defendants and Armada Geoventures
(Neco) Ltd. sebagai Tergugat dan Pte. Ltd., Geodata Ventures Pte. Ltd.,
Armada Geoventures Pte. Ltd., Geodata Pusat Data dan Teknologi Informasi
Ventures Pte. Ltd., Pusat Data dan Kementerian Energi dan Sumber Daya
Teknologi Informasi Kementerian Energi Mineral (Pusdatin) dan Kementerian
dan Sumber Daya Mineral (Pusdatin) dan Energi dan Sumber Daya Mineral as the
Kementerian Energi dan Sumber Daya Co-defendant. Below is the claim:
Mineral sebagai turut-tergugat. Adapun
gugatan yang diajukan adalah sebagai
berikut:
a. Perbuatan Melawan Hukum atas a. The Tort of the 3D seismic data
penggunaan data seismik 3D di usage in Kofiau (2,248 km²),
Kofiau (2.248 km²), Halmahera- Halmahera-Kofiau (1,912 km²), and
Kofiau (1.912 km²), dan West Papua West Papua IV (2,415 km²) since
IV (2.415 km²) sejak 3 Maret 2012; March 3, 2012;
b. Grup untuk membayar biaya lisensi b. Group to pay the data license fee in
data dengan total AS$9.862.500, the amount of US$9,862,500, and
dan
c. Kerugian immaterial Rp100 miliar c. Immaterial loss in the amount of
dan menetapkan sita jaminan aset Rp100 billion and determine Group’s
Grup di Gedung Bursa Efek asset at Indonesia Stock Exchange
Indonesia lantai 15 #15-02 Tower II. Building 15th floor #15-02 Tower II
Jl. Jendral Sudirman Kav. 52-53 Jl. Jendral Sudirman Kav. 52-53
Jakarta Selatan 12190 (sebelumnya Jakarta Selatan 12190 (Ophir’s ex-
kantor Ophir). office) as the security seizure.
Pada tanggal 8 Maret 2021, Majelis On March 8, 2021, the Panel of Judges
Hakim telah memberikan putusan has rendered a case decision which in
perkara yang pada intinya menyatakan essence declare the Plaintiff’s lawsuit to
gugatan Penggugat tidak dapat diterima be inadmissible as follows:
sebagai berikut:
316
PT Medco Energi Internasional Tbk 2024 Annual Report
477
Page 480
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iii. Gugatan Hukum dari PT Hago Igur iii. Lawsuit from PT Hago Igur Energy
Energy (lanjutan) (continued)
1 Dalam Gugatan: 1 In claim:
a. Dalam pengecualian: menolak a. In exception: rejects the
eksepsi Tergugat I, Tergugat II, exception from the Defendant I,
Tergugat IV, Turut-tergugat III, Defendant II, Defendant IV, Co-
dan Turut-tergugat IV; Defendant III, and Co-
Defendant IV;
b. Dalam pokok perkara: b. In merits case: declare the
menyatakan gugatan Plaintiff’s lawsuit to be
Penggugat tidak dapat inadmissible.
diterima.
2 Gugatan Balik: 2 In counterclaim:
a. Dalam pengecualian: menolak a. In exception: rejects the
Tergugat dalam Gugatan Balik Defendant in Counterclaim
(pengecualian Hago Igur); (Hago Igur's exception);
b. Dalam pokok perkara: menolak b. In merits case: rejects the
gugatan Penggugat dalam Plaintiff in Counterclaim
Gugatan Balik (PUSDATIN). (PUSDATIN)’s lawsuit.
Penggugat telah mengajukan banding The Plaintiff has submitted appeal which
yang sampai saat ini hanya menerima to date only received such information
informasi tersebut secara lisan dari verbally from the court registrar.
panitera pengadilan. Namun, However, based on the information
berdasarkan keterangan yang diberikan provided in the South Jakarta District
dalam laman Pengadilan Negeri Jakarta Court’s website the case dossier of
Selatan berkas perkara banding dikirim appeal was sent by the South Jakarta
oleh Pengadilan Negeri Jakarta Selatan District Court to the DKI Jakarta High
ke Pengadilan Tinggi DKI Jakarta pada Court on February 28, 2023.
tanggal 28 Februari 2023.
Pada tanggal 30 Agustus 2023, Majelis On August 30, 2023, the Panel of Judges
Hakim Pengadilan Tinggi DKI Jakarta at the DKI Jakarta High Court rendered
telah menjatuhkan putusan sebagai the following decision:
berikut:
(1) Menerima permohonan banding dari (1) Accept the appeal request from the
Pemohon Banding (dahulu Appeal Petitioner previously the
Penggugat); Plaintiff;
(2) Menguatkan Putusan Pengadilan (2) Uphold the Decision of the South
Negeri Jakarta Selatan Nomor 966/ Jakarta District Court Number 966/
Pdt.G/2018/PN Jkt.Sel. tanggal Pdt.G/2018/PN Jkt.Sel. dated
8 Maret 2021; March 8, 2021;
(3) Menghukum Pemohon Banding (3) Punish the Appeal Petitioner
(dahulu Penggugat), untuk (previously the Plaintiff), to pay all
membayar seluruh biaya case cost administration fees
administrasi perkara yang incurred at the appellate level, is
dikeluarkan pada pengadilan tingkat stipulated in the amount of
banding ditetapkan sebesar Rp150,000 (one hundred and fifty
Rp150.000 (seratus lima puluh ribu thousand Rupiah).
Rupiah).
Namun hingga saat ini Perusahaan However, until now, the Company has not
belum menerima pemberitahuan resmi received the formal notification on such
putusan tersebut. decision yet.
478 PT Medco Energi Internasional Tbk 2024 Annual Report
317
Page 481
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iii. Gugatan Hukum dari PT Hago Igur iii. Lawsuit from PT Hago Igur Energy
Energy (lanjutan) (continued)
Grup menyatakan bahwa klaim tersebut The Group states that such claim has no
tidak memiliki dasar hukum sehingga, legal basis therefore, no provision has
tidak ada pencadangan atas gugatan been made for this lawsuit in the
tersebut pada laporan keuangan consolidated financial statements.
konsolidasian.
iv. Perkara Perdata No.30/PDT.G/2021/ iv. Civil Case No.30/PDT.G/2021/PN.LWK
PN.LWK antara Raflis Aminula Ali between Raflis Aminula Ali against JOB
melawan JOB Pertamina-Medco E&P Pertamina-Medco E&P Tomori Sulawesi
Tomori Sulawesi ("JOB Tomori") ("JOB Tomori")
Pada 29 Juni 2020, Raflis Aminula Ali On June 29, 2020, Raflis Aminula Ali
melalui kuasa hukumnya ("Penggugat") through his attorney ("Plaintiff") has
telah menyampaikan surat peringatan submitted a warning letter to JOB Tomori
kepada JOB Tomori terkait genangan air regarding the puddle that hit the plants on
yang melanda tanaman yang berada di the Plaintiff's land area of ± 8,365 m2
atas lahan Penggugat seluas ± 8.365 m2 ("Land") during the rainy season
("Tanah") ketika musim hujan terjadi, occurred, which came from a drainage of
yang berasal dari saluran pembuangan JOB Tomori.
air milik JOB Tomori.
Namun pada 12 April 2021, Penggugat However, on April 12, 2021, the Plaintiff
tetap mendaftarkan gugatan perbuatan continued to register the lawsuit on the
melawan hukum kepada Pengadilan basis of against the law in Luwuk District
Negeri Luwuk dengan dalil sebagai Court with the following arguments:
berikut:
a. Pembuatan saluran pembuangan a. The drainage construction of JOB
milik JOB Tomori dibangun di atas Tomori was built on the Land and
Tanah dan tidak pernah ada there was never any prior approval/
persetujuan/konfirmasi terlebih confirmation from the Plaintiff;
dahulu dari Penggugat;
b. Saluran pembuangan tersebut b. The drainage causes environmental
menyebabkan pencemaran pollution;
lingkungan;
c. Genangan air pada Tanah c. Stagnant water in the Land causes
menyebabkan sebagian besar most of the productive plants (such
tanaman produktif (seperti coklat, as cocoa, coconut, mango, avocado,
kelapa, mangga, alpukat, pisang, banana, etc.) in the Land are
dsb) yang berada pada Tanah damage.
tersebut gugur/rusak.
Atas hal tersebut, Penggugat menuntut: On this matter, the Plaintiff claim:
a. Ganti rugi atas kerugian material a. Compensation for material losses
(akibat gagal panen) dengan total (due to crop damage) of
sebesar Rp800.000.000 (delapan Rp800,000,000 (eight hundred
ratus juta Rupiah); million Rupiah);
b. Ganti rugi atas kerugian material b. Compensation for material losses in
biaya perkara sebesar the amount of Rp100,000,000 (one
Rp100.000.000 (seratus juta hundred million Rupiah);
Rupiah);
c. Ganti rugi atas kerugian imaterial c. Compensation for immaterial losses
karena tanaman yang mati sebesar due to damage crops in amount of
Rp450.000.000 (empat ratus lima Rp450,000,000 (four hundred and
puluh juta Rupiah); fifty million Rupiah);
318
PT Medco Energi Internasional Tbk 2024 Annual Report
479
Page 482
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
iv. Perkara Perdata No.30/PDT.G/2021/ iv. Civil Case No.30/PDT.G/2021/PN.LWK
PN.LWK antara Raflis Aminula Ali between Raflis Aminula Ali against JOB
melawan JOB Pertamina-Medco E&P Pertamina-Medco E&P Tomori Sulawesi
Tomori Sulawesi ("JOB Tomori") ("JOB Tomori") (continued)
(lanjutan)
Atas hal tersebut, Penggugat menuntut: On this matter, the Plaintiff claim:
(lanjutan) (continued)
d. Uang Paksa (Dwangsom) sebesar d. Penalty (Dwangsom) of
Rp3.000.000 (tiga juta Rupiah) per Rp3,000,000 (three million Rupiah)
hari. per day.
Sidang putusan dilaksanakan pada Verdict hearing concluded on March 2,
tanggal 2 Maret 2022. Majelis Hakim 2022. Judges stated that JOB Tomori did
menyatakan JOB Tomori tidak melakukan not conduct an environmental pollution
pencemaran lingkungan melainkan but destruction of land owned by the
perusakan tanah milik Penggugat, dan Plaintiff, and punish JOB Tomori to pay
menghukum JOB Tomori untuk Rp90,000,000 (ninety million Rupiah) out
membayar sebesar Rp90.000.000 of the total claim amount from the Plaintiff
(sembilan puluh juta Rupiah) dari jumlah originally claim is Rp1,300,000,000 (one
tuntutan Penggugat semula sebesar billion and three hundred million Rupiah).
Rp1.300.000.000 (satu miliar tiga ratus
juta Rupiah).
JOB Tomori telah mengajukan JOB Tomori have submitted the
permohonan banding pada tanggal 15 application of appeal on March 15, 2022.
Maret 2022, Pengadilan Tinggi Palu telah On July 26, 2022, Palu High Court have
mengeluarkan putusan pengadilan issued the verdict of this case which
perkara ini yang menguatkan putusan affirming the previous verdict of Luwuk
sebelumnya yang dikeluarkan oleh District Court.
Pengadilan Negeri Luwuk.
JOB Tomori telah mengajukan JOB Tomori has submitted cassation on
permohonan kasasi pada tanggal 30 September 30, 2022, against Palu High
September 2022 terhadap putusan Court verdict. On May 16, 2023, Supreme
Pengadilan Tinggi Palu. Pada tanggal Court have issued the verdict of this case
16 Mei 2023, Mahkamah Agung telah which affirming the previous verdict.
mengeluarkan putusan pengadilan
perkara ini yang menguatkan putusan
sebelumnya yang dikeluarkan oleh
Pengadilan Tinggi Palu.
JOB Tomori telah mengajukan perjanjian JOB Tomori has submitted the settlement
penyelesaian bersama dengan agreement along with the judicial review
permohonan peninjauan kembali pada on December 1, 2023, against Supreme
tanggal 1 Desember 2023 terhadap Court verdict.
putusan yang dikeluarkan Mahkamah
Agung.
Sampai dengan tanggal penyelesaian As of the completion date of the
laporan keuangan konsolidasian, Grup consolidated financial statements, the
masih menunggu putusan dari Group is still waiting for the verdict of the
Mahkamah Agung. Supreme Court.
Grup menyatakan bahwa klaim tersebut The Group is of the opinion that such
tidak memiliki dasar hukum sehingga, lawsuit does not have strong legal basis,
tidak ada pencadangan atas gugatan therefore, no provision was recognized
tersebut pada laporan keuangan for this lawsuit in its consolidated financial
konsolidasian. statements.
480 PT Medco Energi Internasional Tbk 2024 Annual Report
319
Page 483
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
v. Gugatan Hukum terhadap PT Pelayanan v. Lawsuit to PT Pelayanan Listrik Nasional
Listrik Nasional Batam Batam
Pada tanggal 27 Agustus 2020, PT On August 27, 2020, PT Energi Listrik
Energi Listrik Batam (“ELB”) (Penggugat) Batam (“ELB”) (Plaintiff) filed a lawsuit
mengajukan gugatan kepada PT against PT Pelayanan Listrik Nasional
Pelayanan Listrik Nasional Batam Batam (Defendant) at the Indonesia
(Tergugat) di Badan Arbitrase Nasional National Board of Arbitration (BANI). The
Indonesia (BANI). Sidang pertama first hearing was held on
dilaksanakan pada tanggal December 7, 2020 with the result shall be
7 Desember 2020 dengan hasil yang decided within 180 days after the first
harus diputuskan dalam waktu 180 hari hearing. The claim was filed for a
sejak sidang pertama. Gugatan ini compensation payment of
diajukan menyangkut pembayaran Rp160,243,870,018 for an alleged breach
kompensasi sebesar Rp160.243.870.018 of contract by Defendant. In addition,
untuk dugaan pelanggaran kontrak oleh Plaintiff also claimed interest of
Tergugat. Selain itu, Penggugat juga Rp7,958,722,139 for the delay of
mengajukan klaim bunga sebesar payment by Defendant.
Rp7.958.722.139 atas keterlambatan
pembayaran oleh Tergugat.
Pada tanggal 13 Agustus 2021, BANI On August 13, 2021, BANI completed the
telah menyelesaikan pemeriksaan dan examination and decided the case by
memutus perkara dengan menjatuhkan imposing a Decision to accept part of the
Putusan untuk menerima sebagian Plaintiff’s demand by punishing the
tuntutan Penggugat dengan menghukum Defendant to pay compensation and
Tergugat untuk membayar ganti rugi dan indemnify the administrative, examination
mengembalikan biaya administrasi, and arbitration fees to the Plaintiff.
pemeriksaan dan arbiter kepada
Penggugat.
Pada tanggal 10 September 2021, BANI On September 10, 2021, BANI has
telah mendaftarkan salinan otentik registered an authentic copy of BANI
putusan BANI tanggal 13 Agustus 2021 decision dated August 13, 2021 to the
tersebut di Pengadilan Negeri Batam. Batam District Court.
Pengadilan Negeri Batam telah Batam District Court has issued decision
menerbitkan keputusan untuk menolak to reject BANI result on January 13, 2022.
putusan BANI pada tanggal On January 27, 2022 and
13 Januari 2022. Pada tanggal February 3, 2022, BANI and ELB
27 Januari 2022 dan 3 Februari 2022, submitted a deed of appeal on the Batam
BANI dan ELB menyampaikan nota District Court decision to the Supreme
banding atas putusan Pengadilan Negeri Court.
Batam ke Mahkamah Agung.
Pada tanggal 5 Juli 2022, Majelis Hakim On July 5, 2022, the Supreme Court
Mahkamah Agung telah memutuskan rejected the annulment of the BANI
untuk menolak pembatalan putusan arbitration decision by the Batam District
arbitrase BANI oleh Pengadilan Negeri Court and upheld the BANI arbitration
Batam dan menguatkan amar putusan decision in ELB favour.
arbitrase BANI untuk pihak ELB.
320
PT Medco Energi Internasional Tbk 2024 Annual Report
481
Page 484
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
v. Gugatan Hukum terhadap PT Pelayanan v. Lawsuit to PT Pelayanan Listrik Nasional
Listrik Nasional Batam (lanjutan) Batam (continued)
Pada tanggal 6 Maret 2023, Para Pihak On March 6, 2023, the parties signed the
menandatangani perjanjian penyelesaian agreement and implementation of the
dan pelaksanaan Putusan Mahkamah Supreme Court's decision with an
Agung dengan kesepakatan agreement of the settlement by ELB
penyelesaian dengan cara ELB akan would issue a bill of Rp77,389,399,990 as
menerbitkan tagihan sebesar a compensation and Rp1,225,882,900 as
Rp77.389.399.990 sebagai pelaksanaan a portion of administrative obligations.
ganti rugi dan Rp1.225.882.900 sebagai The issued bill paid by PLNB on
porsi kewajiban administrasi. PLNB telah March 31, 2023.
melakukan pembayaran atas tagihan
tersebut pada 31 Maret 2023.
Manajemen tidak menganggap Management did not account such
Keputusan Mahkamah Agung sebagai Supreme Court decision as an adjusting
kejadian setelah tanggal neraca yang event after the balance sheet date in the
memerlukan penyesuaian pada laporan Company's financial statements for the
keuangan Perusahaan untuk periode period ended December 31, 2023.
yang berakhir pada tanggal Therefore, no contingent assets are
31 Desember 2023. Oleh karena itu, tidak accounted in the consolidated financial
terdapat aset kontinjensi yang tercatat statements as of December 31, 2023.
pada laporan keuangan konsolidasian
pada tanggal 31 Desember 2023.
vi. Klaim Arbitrase terhadap Heritage vi. Arbitration Claim to Heritage Tanzania
Tanzania Kisangire Limited (“HTKL”) dan Kisangire Limited (“HTKL”) and Heritage
Heritage Oil Limited (“HOL”) Oil Limited (“HOL”)
Dominion Oil & Gas Limited (“Dominion”) Dominion Oil & Gas Limited (“Dominion”)
(entitas anak yang dimiliki secara tidak (a Tanzanian-registered wholly-owned
langsung oleh Perusahaan yang terdaftar indirect subsidiary of the Company) as
di Tanzania) sebagai Pemohon memulai the Plaintiff initiated an international
proses arbitrase internasional terhadap arbitration proceeding against HTKL as
HTKL sebagai Termohon I dan HOL the Respondent I and HOL as the
sebagai Termohon II (HTKL dan HOL Respondent II (HTKL and HOL as the
selanjutnya disebut Para Termohon) di Respondents) under ICC Arbitration
bawah Arbitrase ICC Perkara No. 22480/ under Case No. 22480/TO on
TO pada 16 Desember 2016. December 16, 2016.
Dominion menegaskan bahwa Termohon Dominion asserted that the First
I melanggar klausul ganti rugi Respondent breached the indemnity
berdasarkan Kisangire Farm-In clause under the Kisangire Farm-In
Agreement (FIA) dan perjanjian lisan Agreement (FIA) and subsequent oral
berikutnya berdasarkan FIA. Dominion agreements under the FIA. Dominion
berpendapat bahwa Termohon I wajib argued that the First Respondent were
mengganti kerugian yang dideritanya obliged to indemnify it for the losses it
akibat kegagalannya dalam memenuhi suffered as a result of its failure to fulfill
kewajiban kontraktual sebesar their contractual obligation in amount of
AS$9.418.500 sebagai Primary Claim US$9,418,500 as Primary Claim and
dan alternatifnya sebesar AS$12.000.000 alternatively US$12,000,000 as
sebagai Secondary Claim. Secondary Claim.
482 PT Medco Energi Internasional Tbk 2024 Annual Report
321
Page 485
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
vi. Klaim Arbitrase terhadap Heritage vi. Arbitration Claim to Heritage Tanzania
Tanzania Kisangire Limited (“HTKL”) dan Kisangire Limited (“HTKL”) and Heritage
Heritage Oil Limited (“HOL”) (lanjutan) Oil Limited (“HOL”) (continued)
Pada 13 Mei 2019, Tribunal On May 13, 2019, the Tribunal issued its
mengeluarkan Putusan Final yang Final Award which stated (i) that the
menyatakan (i) bahwa klaim Penggugat Plaintiff’s claim against the First
terhadap Termohon I gagal dan ditolak, Respondent fail and are dismissed, (ii)
(ii) bahwa klaim Penggugat terhadap that the Plaintifft’s claim against the
Termohon II gagal karena kurangnya Second Respondent fail for lack of
yurisdiksi dan (iii) memerintahkan jurisdiction and (iii) it ordered Dominion to
Dominion untuk membayar kepada Para pay to the Respondents for their legal
Termohon untuk biaya hukum dan uang costs and their advance for the costs of
muka mereka untuk biaya arbitrase the arbitration (as paid previously to the
(sesuai yang telah dibayarkan ICC).
sebelumnya kepada ICC).
Pada tanggal 15 Agustus 2019, Ophir On August 15, 2019, Ophir Energy
Energy Limited untuk dan atas nama Limited on behalf of Dominion made
Dominion melakukan pembayaran ke payment to the Respondents through
Para Termohon melalui HOL sesuai HOL in accordance with its Letter of
dengan Letter of Undertaking yang Undertaking issued for this case.
diterbitkannya untuk kasus ini.
Pada tanggal 20 Januari 2020, ICC On January 20, 2020, the ICC informed
menginformasikan kepada para pihak the parties that, at the request of the
bahwa atas permintaan Para Termohon, Respondents, it had transferred an
ICC telah mengirimkan salinan asli dari original copy of the Final Award to the
Putusan Akhir ke Pengadilan Tinggi High Court of Tanzania for further
Tanzania untuk proses lebih lanjut. proceedings. Up to the completion date of
Sampai tanggal penyelesaian laporan the consolidated financial statements,
keuangan konsolidasian, tidak terdapat there is no further development on the
perkembangan lebih lanjut atas kasus case.
tersebut.
Grup berpendapat bahwa keputusan The Group is of the opinion that the final
akhir dari klaim ini tidak akan berdampak decision of this claim will not have a
signifikan pada laporan keuangan significant impact on its consolidated
konsolidasiannya. financial statements.
322
PT Medco Energi Internasional Tbk 2024 Annual Report
483
Page 486
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
vii. Gugatan Hukum Juwairiyah binti Umar vii. Lawsuit from Juwairiyah binti Umar Husin
Husin selaku Penggugat terhadap PT as the Plaintiff against PT Medco E & P
Medco E & P Indonesia (“MEPI”) sebagai Indonesia (“MEPI”) as the Defendant-1
Tergugat-1 dan PT Medco Energi and PT Medco Energi Internasional Tbk.
Internasional Tbk. (“MEI”) sebagai Turut (“MEI”) as the Co-Defendant-1
Tergugat-1
Pada tanggal 28 Maret 2022, Juwairiyah On March 28, 2022, Juwairiyah binti
binti Umar Husin (“Penggugat”) telah Umar Husin (“Plaintiff”) has filed a lawsuit
mengajukan gugatan berdasarkan based on unlawful act against MEPI as
perbuatan melawan hukum terhadap the Defendant-1, PT Gembala Sriwijaya
MEPI selaku Tergugat-1, PT Gembala as the Defendant-2, MEI as the Co-
Sriwijaya selaku Tergugat-2, MEI selaku Defendant-1, Bupati Ogan Ilir as the Co-
Turut Tergugat-1, Bupati Ogan Ilir selaku Defendant-2, Kantor Badan Pertanahan
Turut Tergugat-2, Kantor Badan Kabupaten Ogan Ilir as the Co-
Pertanahan Kabupaten Ogan Ilir selaku Defendant-3, Maria Mawahddah as the
Turut Tergugat-3, Maria Mawahddah Co-Defendant-4, Muaddab Mirost as the
selaku Turut Tergugat-4, Muaddab Mirost Co-Defendant-5, Nail Fatahillah as the
selaku Turut Tergugat-5, Nail Fatahillah Co-Defendant-6, M. Faizal as the Co-
selaku Turut Tergugat-6, M. Faizal selaku Defendant-7, registered at Kayuagung
Turut Tergugat-7, terdaftar di Pengadilan District Court under Case Number 19/
Negeri Kayuagung dengan Nomor Pdt.G/2022/PN.Kag.
Perkara 19/Pdt.G/2022/PN.Kag.
Penggugat meminta ganti rugi materiil The Plaintiff asked for material damage of
sebesar Rp2.250.000.000 (dua miliar dua Rp2,250,000,000 (two billion and two
ratus lima puluh juta Rupiah) untuk hundred fifty million Rupiah) for land
pembebasan tanah seluas 7.500m2 acquisition in the area of 7,500m2 (width
(lebar 15m x panjang 500m) dan 15m x length 500m) and immaterial
kerugian imateriil sebesar Rp750.000.000 damage of Rp750,000,000 (seven
(tujuh ratus lima puluh juta Rupiah). hundred and fifty million Rupiah).
Pada tanggal 23 Februari 2023, On February 23, 2023, Kayuagung
Pengadilan Negeri Kayuagung telah District Court has rendered the verdict
menjatuhkan putusan yang menyatakan which stated that Plaintiff's claim is
gugatan Penggugat tidak dapat diterima. inadmissible. On its legal considerations,
Dalam pertimbangan hukumnya, Majelis the Panel of Judges of the Case has
Hakim Perkara tersebut telah considered the exception from the
mempertimbangkan eksepsi dari Company as the basis of the verdict.
Perusahaan sebagai dasar putusan.
Sesuai dengan hukum acara yang In accordance with the procedural law,
berlaku, Penggugat telah mengajukan the Plaintiff has submit for an appeal on
banding pada tanggal 15 Maret 2023 ke March 15, 2023 to the Palembang High
Pengadilan Tinggi Palembang. Pada Court. On May 11, 2023, Palembang
tanggal 11 Mei 2023, Pengadilan Tinggi High Court rendered the verdict No.50/
Palembang menjatuhkan putusan No.50/ Pdt/B/2023/PTPlg which declares the
Pdt/B/2023/PTPlg yang menyatakan claim is inadmissible.
gugatan tidak dapat diterima.
Penggugat tidak mengajukan kasasi, dan The Plaintiff did not file cassation, and
oleh karena itu putusan Pengadilan therefore the verdict of the Palembang
Tinggi Palembang telah berkekuatan High Court has legally binding, and the
hukum tetap, dan perkara dianggap telah case is closed.
berakhir.
484 PT Medco Energi Internasional Tbk 2024 Annual Report
323
Page 487
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
viii. Medco International Ventures Limited viii. Medco International Ventures Limited
(“MIVL”) dan National Oil Corporation (“MIVL”) against National Oil Corporation
(“NOC”) pada International Court of (“NOC”) at International Court of
Arbitration of the International Chamber Arbitration of the International Chamber
of Commerce (“ICC”) of Commerce (“ICC”)
Pada tanggal 15 Maret 2022 MIVL On March 15, 2022, MIVL commenced an
mengajukan arbitrase melalui ICC ICC arbitration against the National Oil
terhadap National Oil Company of Libya Company of Libya (the “NOC”) to enforce
(“NOC”) untuk mempertahankan hak-hak its contractual rights under an Exploration
kontraktualnya berdasarkan Exploration and Production Sharing Agreement
and Production Sharing Agreement (“EPSA”) and to protect MIVL’s right to
(“EPSA”) dan untuk melindungi hak-hak benefit from its investment in Area 47, in
MIVL untuk mendapatkan keuntungan Libya.
dari investasinya di Area 47, di Libya.
Keputusan untuk melakukan arbitrase The decision to arbitrate was taken in
diambil sebagai tanggapan atas upaya response to the NOC’s attempts to
NOC untuk menghindari kewajibannya circumvent its obligations under the
berdasarkan EPSA dan upaya EPSA and its further attempt to prevent
selanjutnya untuk mencegah MIVL MIVL from fully participating in the
berpartisipasi penuh dalam development and exploitation of Area 47
pengembangan dan eksploitasi Area 47 by, instead, seeking to develop Area 47
bahkan, sebaliknya, berusaha for the NOC’s sole benefit.
mengembangkan Area 47 untuk
keuntungan pribadi NOC.
MIVL meminta penegasan dalam bentuk MIVL seeks relief in the form of an order
perintah yang mengharuskan NOC untuk requiring the NOC to comply with its
mematuhi kewajibannya berdasarkan obligations under the EPSA and, in the
EPSA dan, sebagai alternatif, ganti rugi alternative, damages for all losses that
atas semua kerugian yang diderita oleh MIVL incurs because of NOC’s breaches
MIVL karena pelanggaran NOC terhadap of the EPSA. Those damages have yet to
EPSA. Kerugian-kerugian dimaksud be fully quantified.
belum sepenuhnya diperhitungkan.
MIVL dan NOC menandatangani MIVL and NOC signed a Settlement
Perjanjian Penyelesaian pada tanggal 28 Agreement on March 28, 2024, but the
Maret 2024, namun Perjanjian Settlement Agreement was not yet be
Penyelesaian tersebut belum berlaku effective until all the conditions are being
efektif sampai seluruh persyaratan satisfied. On May 24, 2024, the
dipenuhi. Pada tanggal 24 Mei 2024, Settlement Agreement has become
Perjanjian Perdamaian telah berlaku effective and therefore on May 28, 2024
efektif dan oleh karena itu pada tanggal MIVL and NOC have jointly sent a letter
28 Mei 2024 MIVL dan NOC secara to the Tribunal which essentially
bersama-sama mengirimkan surat informing:
kepada Tribunal yang pada intinya 1. record that the parties have settled;
menginformasikan: 2. require the parties to bear their own
1. bahwa para pihak telah mencapai costs of the proceedings; and
kesepakatan penyelesaian; 3. require the fees of the arbitral tribunal
2. para pihak akan menanggung masing- and the ICC's administrative expenses to
masing biaya persidangan; dan be paid in equal shares by the parties.
3. biaya majelis arbitrase dan biaya
administrasi ICC akan dibebankan dalam
jumlah yang sama kepada para pihak.
324
PT Medco Energi Internasional Tbk 2024 Annual Report
485
Page 488
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
viii. Medco International Ventures Limited viii. Medco International Ventures Limited
(“MIVL”) dan National Oil Corporation (“MIVL”) against National Oil Corporation
(“NOC”) pada International Court of (“NOC”) at International Court of
Arbitration of the International Chamber Arbitration of the International Chamber
of Commerce (“ICC”) (lanjutan) of Commerce (“ICC”) (continued)
Pada tanggal 31 Juli 2024, Tribunal telah On July 31, 2024, Tribunal has issued a
mengeluarkan Termination Order yang Termination Order which terminates the
mengakhiri proses arbitrase berdasarkan arbitration process pursuant to the
kesepakatan Para Pihak untuk Parties’ agreement to discontinue the
menghentikan arbitrase ini sebagai hasil arbitration as a result of their settlement.
dari penyelesaian sengketa.
ix. Gugatan Hukum Fatmawati Binti Somad ix. Lawsuit from Fatmawati Binti Somad as
selaku Penggugat terhadap PT Medco E the Plaintiff against PT Medco E & P
& P Indonesia (“MEPI”) dan Para Indonesia (“MEPI”) and the other
Tergugat lainnya Defendants
Pada tanggal 24 Oktober 2022, On October 24, 2022, Fatmawati Binti
Fatmawati Binti Somad (“Penggugat”) Somad (“Plaintiff”) has filed a lawsuit
telah mengajukan gugatan berdasarkan based on unlawful act against MEPI as
perbuatan melawan hukum terhadap the Defendant-1, Sutarno as the
MEPI selaku Tergugat-1, Sutarno selaku Defendant-2, Suyatman as the
Tergugat-2, Suyatman selaku Tergugat-3, Defendant-3, Dulrahman as the
Dulrahman selaku Tergugat-4, A Kadun Defendant-4, A Kadun bin Wijiutomo as
bin Wijiutomo selaku Tergugat-5, Febrian the Defendant-5, Febrian bin Isdianto
bin Isdianto Yuwono selaku Tergugat-6, Yuwono as the Defendant-6, Fitri bin Bani
Fitri bin Bani selaku Tergugat-7, Agus as the Defendant-7, Agus Wiyoko as the
Wiyoko selaku Turut Tergugat-1, Co-Defendant-1, Sahrianto as the Co-
Sahrianto selaku Turut Tergugat-2, Defendant-2, Surkan as the Co-
Surkan selaku Turut Tergugat-3, Sahani Defendant-3, Sahani as the Co-
selaku Turut Tergugat-4, terdaftar di Defendant-4, registered at Lubuklinggau
Pengadilan Negeri Lubuklinggau dengan District Court under Case Number
Nomor Perkara 42/Pdt.G/2022/PN.Llg. 42/Pdt.G/2022/PN.Llg.
Penggugat meminta tanah sengketa The Plaintiff filed a claim for land covering
seluas 4Ha dikembalikan kepada an area of 4Ha to be returned to the
Penggugat dan ganti rugi materiil sebesar Plaintiff and material damage of
Rp6.000.000.000 (enam miliar Rupiah). Rp6,000,000,000 (six billion Rupiah).
Pada tanggal 27 September 2023, On September 27, 2023, the
Pengadilan Negeri Lubuklinggau telah Lubuklinggau District Court have issued a
mengeluarkan putusan yang pada verdict, in principal to refuse the law suit
intinya, menolak gugatan Penggugat. of the Plaintiff.
Sesuai hukum acara, Penggugat telah In accordance with the procedural law,
mengajukan banding pada tanggal the Plaintiff has submitted for an appeal
10 Oktober 2023, dan Pengadilan Tinggi on October 10, 2023, and Palembang
Palembang pada tanggal 12 Desember High Court on December 12, 2023,
2023 mengeluarkan putusan yang issued the verdict which affirming the
menguatkan putusan Pengadilan Negeri previous verdict of Lubuklinggau District
Lubuklinggau sebelumnya. Court.
Penggugat tidak mengajukan kasasi, dan The Plaintiff did not file cassation, and
oleh karena itu putusan Pengadilan therefore the verdict of the Palembang
Tinggi Palembang telah berkekuatan High Court has legally binding, and the
hukum tetap, dan perkara dianggap telah case is closed.
berakhir.
486 PT Medco Energi Internasional Tbk 2024 Annual Report
325
Page 489
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
xiv. Pelanggaran Kontrak Kerja, Kasus xiv. Breach of Employment Contract, Civil
Perdata – Black Case No. Lor 1499/2565, Case – Black Case No. Lor 1499/2565,
antara Chaturaporn Nisagornsen between Chaturaporn Nisagornsen
melawan Medco Energi Thailand against Medco Energi Thailand
(Bualuang) Limited (Bualuang) Limited
Pada tanggal 25 Mei 2022, Chaturaporn On May 25, 2022, Chaturaporn
Nisagornsen selaku Penggugat telah Nisagornsen as the Plaintiff has file a
mengajukan gugatan terhadap Medco lawsuit against Medco Energi Thailand
Energi Thailand (Bualuang) Limited (Bualuang) Limited as the Defendant in
selaku Tergugat di Pengadilan Industrial Central Labour Court of Thailand.
Thailand
Penggugat mengklaim bahwa Tergugat The Plaintiff claimed that the Defendant
melanggar perjanjian kerja dan syarat- breached the employment agreement and
syarat kerja terhadap Penggugat dimana the employment conditions against the
Penggugat meminta pembayaran upah Plaintiff of which the Plaintiff requested
tambahan secara retroaktif dari Januari – payment for extra wages retrospectively
April 2022 dan total klaim adalah THB from January – April 2022 and the total
671.895. claim is THB 671,895.
Namun, jumlah di atas masih belum However, the above amount still excludes
termasuk bunga berkelanjutan yang akan the ongoing interest that will continue
terus dibebankan hingga tanggal charging until the actual payment date.
pembayaran yang sebenarnya.
xiv. Pelanggaran Kontrak Kerja, Kasus xiv. Breach of Employment Contract, Civil
Perdata – Black Case No. Lor 1499/2565, Case – Black Case No. Lor 1499/2565,
antara Chaturaporn Nisagornsen between Chaturaporn Nisagornsen
melawan Medco Energi Thailand against Medco Energi Thailand
(Bualuang) Limited (lanjutan) (Bualuang) Limited (continued)
Telah dilakukan mediasi di pengadilan A mediation at court has been conducted
pada tanggal 30 Agustus 2022 yang on August 30, 2022 of which a settlement
mana gagal mencapai kesepakatan was failed between the Plaintiff and the
antara Penggugat dan Tergugat. Defendant.
Pengadilan telah menetapkan sidang The court has fixed the hearing on July 7,
pada 7 Juli 2023. Namun dalam 2023. However, during the opening of the
pembukaan sidang, Penggugat telah hearing, the Plaintiff has declared to
menyatakan menerima penyelesaian accept the mediation settlement offered in
mediasi yang ditawarkan pada Agustus August 2022, and therefore the judges
2022, dan oleh karena itu hakim telah have considered the compromise
mempertimbangkan kesepakatan agreement between the parties, dated
penyelesaian damai antara para pihak, July 7, 2023 found that it complies with
tertanggal 7 Juli 2023 dinyatakan sesuai the law.
dengan undang-undang.
Oleh karena itu, Hakim memberikan The Judges accordingly rendered a
putusan yang menyatakan kasus tersebut judgment declaring the case concluded in
selesai sesuai dengan kesepakatan accordance with the compromise
perdamaian. agreement.
326
PT Medco Energi Internasional Tbk 2024 Annual Report
487
Page 490
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
x. Proses Litigasi PT Medco Ratch Power x. PT Medco Ratch Power Riau Litigation
Riau Process
Novia Corry (Penggugat 1) dan Fenny Novia Corry (Plaintiff 1) and Fenny Wong
Wong (Penggugat 2) mengajukan (Plaintiff 2) filed a lawsuit against PT Lotte
gugatan terhadap PT Lotte Engineering & Engineering & Construction Co. Ltd
Construction Co. Ltd (Tergugat 1) dan (Defendant 1) and MRPR (Defendant 2) at the
MRPR (Tergugat 2) di Pengadilan Negeri South Jakarta District Court on the basis of
Jakarta Selatan atas dasar perbuatan unlawful act. The Plaintiffs claim to suffer loss
melawan hukum. Para Penggugat due to dredging and excavation of landfill
mengklaim menderita kerugian akibat activities in Plaintiff’s land carried out by
kegiatan pengerukan dan penggalian di Defendant 1. The lawsuit claim to Defendant 1
tanah Penggugat yang dilakukan oleh is to pay compensation in the amount of Rp10
Tergugat 1. Gugatan terhadap Tergugat 1 billion while the lawsuit claim to Defendant 2 is
adalah ganti rugi sebesar Rp10 miliar to pay penalty in the amount of Rp1 million for
sedangkan gugatan terhadap Tergugat 2 every day of delay in implementing the court
adalah membayar denda sebesar Rp1 decision.
juta untuk setiap hari keterlambatan
dalam melaksanakan putusan
pengadilan.
Pada 18 April 2023, Pengadilan Negeri On April 18, 2023, the District Court issued
mengeluarkan putusan di mana Tergugat decision in which Defendant 2 is sentenced to
2 dihukum membayar biaya perkara pay court cost of Rp986,000 (nine hundred
sebesar Rp986.000 (sembilan ratus eighty six thousand of Rupiah).
delapan puluh enam ribu Rupiah).
Pada tanggal 26 Januari 2024, On January 26, 2024, the Jakarta Hight Court
Pengadilan Tinggi Jakarta menguatkan upholds the decision of District Court.
putusan Pengadilan Negeri.
Pada 26 Februari 2024, MRPR telah On February 26, 2024, MRPR has submitted a
mengajukan kasasi ke Mahkamah Agung cassation to the Supreme Court of the
Republik Indonesia atas putusan Republic of Indonesia on the Jakarta Hight
Pengadilan Tinggi Jakarta. Grup Court decision. The Group states that such
menyatakan bahwa klaim terhadap claim to MRPR has no legal basis, therefore
MRPR tidak memiliki dasar hukum, oleh no provision has been made for this lawsuit in
karena itu tidak ada ketentuan yang the consolidated financial statements.
dibuat untuk gugatan ini dalam laporan
keuangan konsolidasi.
488 PT Medco Energi Internasional Tbk 2024 Annual Report
327
Page 491
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
xi. Gugatan Hukum Ilyas Basyah melawan xi. Lawsuit from Ilyas Basyah against PT Medco
PT Medco E & P Malaka (“MEPM”) E & P Malaka (“MEPM”)
Pada tanggal 29 Januari 2024, Ilyas On January 29, 2024, Ilyas Basyah (Plaintiff),
Basyah (Penggugat) melalui kuasa through his attorney filed a lawsuit against
hukumnya mengajukan gugatan terhadap several Defendants including MEPM (as
beberapa Tergugat diantaranya MEPM Defendant V) and several Co-Defendants to Idi
(selaku Tergugat V) dan beberapa Turut District Court, which registered on February 2,
Tergugat ke Pengadilan Negeri Idi yang 2024. The lawsuit filed by Ilyas Basyah is
didaftarkan pada tanggal related to unlawful act and the demand
2 Februari 2024. Gugatan diajukan oleh compensation from all the Defendants for the
Ilyas Basyah terkait dengan perbuatan sale and purchase transaction and/or release
melawan hukum dan tuntutan ganti rugi of rights of plot of land at Gampong Blang
dari seluruh Tergugat atas transaksi jual Nisam Sub-district Indra Makmur, Aceh Timur.
beli dan/atau pelepasan hak atas tanah di
Gampong Blang Nisam Kecamatan Indra
Makmur, Aceh Timur.
Penggugat menghendaki Pengadilan The Plaintiff wishes Idi District Court to declare
Negeri Idi menyatakan seluruh Tergugat all the Defendants are jointly and severally pay
secara tanggung renteng membayar to the Plaintiff of material losses amounting to
kepada Penggugat kerugian materiil Rp1,700,000,000 and immaterial losses
sebesar Rp1.700.000.000 dan kerugian amounting to Rp5,000,000,000.
imateriil sebesar Rp5.000.000.000.
Proses mediasi dilakukan beberapa kali The mediation process conducted several
selama bulan Februari dan Maret 2024 times during February and March 2024 and
dan karena semua Tergugat menolak due to all the Defendants refuse to agree of
menyetujui usulan Penggugat, maka the Plaintiff’s proposal, the mediation declared
mediasi dinyatakan gagal. fail.
Gugatan berlanjut ke pemeriksaan pokok The lawsuit continues to the examination of the
perkara dan sidang pertama main subject and the first hearing was held on
dilaksanakan pada 1 April 2024. April 1, 2024.
Pada tanggal 19 Agustus 2024, On August 19, 2024, the Idi District Court has
Pengadilan Negeri Idi telah issued the case verdict stating that to reject the
mengeluarkan putusan yang menyatakan Plaintiff's lawsuit in its entirety. On August 29,
menolak gugatan Penggugat untuk 2024, the Plaintiff filed an appeal against the
seluruhnya. Pada tanggal 29 Agustus Idi District Court's verdict, and on November
2024 Penggugat mengajukan Banding 14, 2024, the Banda Aceh High Court has
atas putusan Pengadilan Negeri Idi, dan issued the verdict which affirming the previous
pada tanggal 14 November 2024 verdict of the Idi District Court.
Pengadilan Tinggi Banda Aceh telah
mengeluarkan putusan pengadilan yang
menguatkan putusan Pengadilan Negeri
Idi.
Pada tanggal 26 November 2024, On November, 26, 2024, the Plaintiff has
Penggugat mengajukan Kasasi kepada submitted Cassation to the Supreme Court of
Mahkamah Agung Republik Indonesia the Republic of Indonesia, and the case
dan hingga saat ini perkara masih currently examined by the Supreme Court of
diperiksa oleh Mahkamah Agung the Republic of Indonesia.
Republik Indonesia.
328
PT Medco Energi Internasional Tbk 2024 Annual Report
489
Page 492
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
a. Litigasi (lanjutan) a. Litigations (continued)
xi. Gugatan Hukum Ilyas Basyah melawan xi. Lawsuit from Ilyas Basyah against PT Medco
PT Medco E & P Malaka (“MEPM”) E & P Malaka (“MEPM”)
Grup berpendapat bahwa gugatan The Group is in the opinion that such lawsuit
tersebut belum mempunyai dasar hukum does not have strong legal basis, and still in
yang kuat dan masih dalam proses the hearing process, therefore, theres is no
persidangan sehingga tidak ada provision recognized for this lawsuit in its
penyisihan yang diakui atas gugatan consolidated financial statements.
tersebut dalam laporan keuangan
konsolidasiannya.
Pada 16 Desember 2024, Mahkamah On December 16, 2024, the Supreme Court
Agung menolak pengajujan kasasi MRPR rejected MRPR's cassation request so that the
sehingga putusan Pengadilan previous Court decision remained in effect and
sebelumnya tetap berlaku dan sentenced MRPR as Defendant 2 to pay court
menghukum MRPR sebagai Tergugat 2 costs for the cassation court process
untuk membayar biaya perkara atas amounting to Rp500,000.
biaya perkara di pengadilan kasasi
sebesar Rp 500.000.
b. Klaim dari Audit oleh Pemerintah dan Mitra b. Government and Joint Operations Audit Claims
Operasi Bersama
Resolusi atas klaim yang tidak disetujui dapat Resolution of disputed claims may require a
memerlukan waktu pembahasan yang lama lengthy negotiation process extending over a
hingga beberapa tahun. Pada tanggal number of years. As of December 31, 2024,
31 Desember 2024, temuan audit Pemerintah the outstanding Government audit findings,
yang belum selesai terhadap klaim yang mainly relates to cost not eligible for cost
sebagian besar terkait dengan biaya yang recovery for the years 2012 until 2021.
tidak dapat di cost recovery dari tahun 2012 Management believes that the Group has
sampai dengan 2021. Manajemen meyakini strong position against these claims, and
bahwa Grup memiliki posisi kuat dalam therefore, no provisions have been made for
menghadapi tuntutan, dan oleh karena itu, these claims.
tidak terdapat provisi yang dicadangkan atas
klaim yang ada.
490 PT Medco Energi Internasional Tbk 2024 Annual Report
329
Page 493
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
50. KONTINJENSI (lanjutan) 50. CONTINGENCIES (continued)
c. Kewajiban kepada Pihak Penjamin c. Surety Obligations
Medco Energi US LLC (MEUS) secara Medco Energi US LLC (MEUS) is contingently
kontinjen berkewajiban kepada perusahaan liable to a surety insurance company in the
asuransi penjamin dengan jumlah keseluruhan aggregate amount of US$3,000,000 as of
sebesar AS$3.000.000 pada tanggal December 31, 2023 related to a bond issued
31 Desember 2023 terkait penerbitan obligasi on MEUS’s behalf to The United States
atas nama MEUS kepada The United States Bureau of Ocean Energy Management
Bureau of Ocean Energy Management (BOEM). The bond is a third party guarantee
(BOEM). Obligasi tersebut merupakan jaminan by the surety insurance company that MEUS
pihak ketiga dari perusahaan asuransi will operate in accordance with applicable rules
penjamin bahwa MEUS akan beroperasi and regulations and perform certain Plugging
sesuai dengan aturan dan ketentuan yang and Abandonment obligations as specified by
diterapkan dan akan melakukan kewajiban applicable purchase and sale and lease
Plugging and Abandonment seperti disebut agreements. On the completion date of the
dalam perjanjian jual beli dan perjanjian sewa consolidated financial statements, Sanare
guna usaha. Pada tanggal penyelesaian Energy Partners, LLC as the buyer of Blocks
laporan keuangan konsolidasian, Sanare Main Pass 64 and 65 has replaced certain of
Energy Partners, LLC sebagai pembeli dari MEUS’s surety obligations and has been
Blok Main Pass 64 dan 65 telah melakukan changed administratively in BOEM.
beberapa penggantian kewajiban MEUS atas
obligasi tersebut kepada pihak penjamin dan
telah diubah secara administratif di BOEM.
51. LIABILITAS PEMBONGKARAN ASET DAN 51. ASSET ABANDONMENT AND SITE
RESTORASI AREA DAN PROVISI LAIN-LAIN RESTORATION OBLIGATIONS AND OTHER
PROVISIONS
Mutasi liabilitas pembongkaran aset dan restorasi The movements in asset abandonment and site
area adalah sebagai berikut: restoration obligations are as follows:
2024 2023
Indonesia Indonesia
Saldo awal 227.128.120 230.420.425 Beginning balance
Akresi selama tahun berjalan 10.637.270 9.841.802 Accretion during the year
Reklasifikasi ke dimiliki untuk dijual (3.942.984) – Reclassification to held for sale
Penyesuaian (15.946.467) (13.134.107) Adjustment
Saldo akhir 217.875.939 227.128.120 Ending balance
Rekening yang dicadangkan (164.801.244) (164.820.149) Escrow accounts
Pencairan (441.595) – Encashment
Saldo akhir - neto 52.633.100 62.307.971 Ending balance - net
Internasional International
Saldo awal 82.360.328 51.199.514 Beginning balance
Akresi selama tahun berjalan 2.395.370 1.543.478 Accretion during the year
Akuisisi entitas anak – 28.509.367 Acquisition of subsidiary
Penyesuaian (12.781.903) 1.107.969 Adjustment
Saldo akhir 71.973.795 82.360.328 Ending balance
Jumlah 124.606.895 144.668.299 Total
330
PT Medco Energi Internasional Tbk 2024 Annual Report
491
Page 494
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
51. LIABILITAS PEMBONGKARAN ASET DAN 51. ASSET ABANDONMENT AND SITE
RESTORASI AREA DAN PROVISI LAIN-LAIN RESTORATION OBLIGATIONS AND OTHER
(lanjutan) PROVISIONS (continued)
Manajemen berkeyakinan bahwa akumulasi Management believes that the accumulated
penyisihan pada tanggal laporan posisi keuangan provisions as of the dates of the consolidated
konsolidasian telah cukup untuk menutup semua statements of financial position are sufficient to
liabilitas yang timbul dari kegiatan pembongkaran meet the environmental obligations resulting from
aset dan restorasi area di masa depan. Estimasi future asset abandonment and site restoration.
tersebut ditelaah setiap tahun dan disesuaikan bila These estimates are reviewed on annual basis and
diperlukan. Kisaran tingkat diskonto dan tingkat adjusted if required. The range of discount rate and
inflasi yang digunakan dalam perhitungan adalah inflation rate used in the calculation are as follows:
sebagai berikut:
2024 2023
Tingkat diskonto 2,28% - 6,47% 2,71% - 7,34% Discount rates
Tingkat inflasi 2,00% - 2,59% 2,00% - 2,58% Inflation rates
Rekening yang dicadangkan yang tercantum di atas The escrow accounts as mentioned above are
ditempatkan untuk mendanai liabilitas placed for the funding of asset abandonment and
pembongkaran aset dan restorasi area sehubungan site restoration obligations relating to oil and gas
dengan operasi minyak dan gas. operations.
52. TIMUR TENGAH 52. MIDDLE EAST
Grup memiliki kontrak kerja sama operasi untuk The Group has oil and gas exploration and
eksplorasi dan produksi minyak dan gas bumi di production joint operations contracts in Yemen and
Yaman serta kontrak jasa minyak dan gas bumi di oil and gas service contract in Oman.
Oman.
53. RISIKO OPERASIONAL 53. OPERATIONAL RISKS
Operasi Grup di sektor minyak dan gas bumi terkait The Group’s operations in the oil and gas sector are
dengan bahaya dan risiko bawaan pada saat subject to hazards and inherent risks in drilling,
pengeboran, produksi, dan transportasi atas gas production, and transportation of natural gas and
alam dan minyak seperti kebakaran, bencana alam, oil, such as fires, natural disasters, explosions,
ledakan, menghadapi formasi dengan tekanan yang encountering formations with abnormal pressures,
abnormal, semburan liar, amblas, pipa patah dan blowouts, cratering, pipeline ruptures and spills,
bocor yang dapat menyebabkan kehilangan which can result in the loss of hydrocarbons,
hidrokarbon, polusi lingkungan, klaim atas cedera environmental pollution, personal injury claims and
perorangan dan kerusakan lain atas aset tetap other damage to properties of the Group.
Grup. Sebagai tambahan, terdapat aktivitas minyak Additionally, some of the Group’s oil and natural
dan gas bumi tertentu Grup yang dilakukan di gas operations are located in areas that are subject
wilayah yang menghadapi gangguan cuaca tropis, to tropical weather disturbances, some of which can
yang dapat menyebabkan kerusakan yang be severe enough to cause substantial damage to
substansial atas fasilitas dan menghambat facilities and possibly interrupt production.
produksi.
Sebagai perlindungan terhadap risiko operasional As protection against operational risks, the Group
tersebut, Grup mempunyai perlindungan asuransi, maintains insurance coverage against some, but
namun tidak atas semua kerugian yang potensial. not all potential losses. The Group’s insurance
Perlindungan asuransi Grup untuk aktivitas coverage for its oil and gas exploration and
eksplorasi dan produksi gas dan minyak bumi production activities include, but is not limited to,
meliputi, tetapi tidak terbatas pada kerusakan loss of wells, blowouts and certain costs of pollution
sumur, semburan liar dan beberapa biaya tertentu control, physical damage to certain assets,
untuk pengendalian polusi, kerusakan fisik aset employer’s liability, comprehensive general liability,
tertentu, kewajiban terhadap karyawan, kewajiban automobile and workers compensation insurance.
umum yang komprehensif, asuransi kendaraan dan
kompensasi pekerja.
492 PT Medco Energi Internasional Tbk 2024 Annual Report
331
Page 495
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
54. TRANSAKSI NON-KAS 54. NON-CASH TRANSACTIONS
Transaksi non-kas terdiri dari: Non-cash transactions consist of:
2024 2023
Penambahan aset hak guna melalui Additions of right of use
liabilitas sewa 158.446.910 180.240.515 asset involving lease of liabilities_
Reklasifikasi dari aset eksplorasi dan Reclassification from
evaluasi ke aset minyak dan gas exploration and evaluation asset to
bumi 10.362.395 34.653.794 oil and gas properties
Addition to
Penambahan pada aset konsesi 37.807.226 31.274.606 concession financial assets
Beban pendanaan yang berasal dari Financing charges from
akresi liabilitas restorasi area dan accretion in asset abandonment and
pembongkaran aset 13.032.640 11.385.280 site restoration obligations
Reclassification from
Reklasifikasi dari aset eksplorasi dan exploration and evaluation asset to
evaluasi ke aset konsesi – 94.658.565 concession financial assets
Additions (deductions) of oil and gas
properties involving asset
Pengurangan aset minyak dan gas abandonment and site restoration
melalui liabilitas pembongkaran aset (17.836.300) (12.026.138) obligations
Pengurangan aset minyak dan gas Deduction of oil and gas
bumi akibat penurunan nilai (20.028.214) (58.972.822) properties due to impairment
Pengurangan aset minyak dan gas Deduction to oil and gas
bumi karena reklasifikasi ke aset properties due to reclassification to
dimiliki untuk dijual (19.586.339) (119.212.260) asset held for sale
Jumlah 162.198.318 162.001.540 Total
332
PT Medco Energi Internasional Tbk 2024 Annual Report
493
Page 496
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
55. PERUBAHAN LIABILITAS KEUANGAN YANG 55. CHANGES IN FINANCIAL LIABILITIES ARISING
TIMBUL DARI AKTIVITAS PENDANAAN FROM FINANCING ACTIVITIES
Tabel di bawah ini menyajikan perubahan liabilitas The following table sets out the changes of the
keuangan Grup yang timbul dari aktivitas Group’s financial liabilities arising from financing
pendanaan: activities:
2024
Mutasi
valuta
Arus kas asing/
Arus kas keluar/ Foreign
1 Januari/ masuk/ Cash exchange Lain-lain/ 31 December/
January 1 Cash Inflows Outflows movement Others1) December 31
Pinjaman bank jangka pendek 147.595.813 12.620.685 (166.003.304) (2.677.535) 63.156.197 54.691.856 Short-term bank loans
Liabilitas derivatif Derivative liabilities
- Jangka pendek 8.989.394 – (18.527.910) 22.192.332 12.653.816 Current -
Pinjaman jangka panjang yang
jatuh tempo dalam satu Current maturities of long-term
tahun: debt:
- Pinjaman bank 156.613.607 25.450.000 (167.438.950) (14.436.188) 162.313.447 162.501.916 Bank loans -
- Pinjaman dari instansi Loans from non-bank -
keuangan non-bank 3.438.090 (16.320.226) (93.804) 12.990.811 14.871 financial institution
- Obligasi rupiah 87.853.017 (85.917.417) (17.667.640) 227.210.350 211.478.310 Rupiah bonds -
Liabilitas sewa 123.824.579 – (177.006.252) (927.546) 184.481.270 130.372.051 Lease liabilities
Pinjaman jangka
panjang - setelah dikurangi
bagian jatuh tempo dalam Long-term debt net of current
setahun: maturities:
- Pinjaman bank 691.356.819 521.202.728 (35.882.056) 16.470.795 (164.718.517) 1.028.429.769 Bank loans -
- Pinjaman dari instansi Loans from non-bank
keuangan non-bank 21.212.390 62.131.796 (363.199) (12.990.807) 69.990.180 financial institution -
- Obligasi Rupiah 422.274.407 143.407.508 (8.126.731) (226.777.304) 330.777.880 Rupiah bonds -
- Obligasi Dolar AS 1.765.072.297 (289.334.000) (33.540.736) 1.442.197.561 US Dollar bonds -
Liabilitas derivatif Derivative liabilities
- Jangka panjang 10.278.206 – – – 20.463.896 30.742.102 Non-current -
Liabilitas sewa 114.636.832 – – – 32.878.479 147.515.311 Lease liabilities
Jumlah liabilitas keuangan Total financing liabilities
dari aktivitas pendanaan 3.553.145.451 764.812.717 (956.430.115) (27.821.848) 287.659.418 3.621.365.623 from financing activities
494 PT Medco Energi Internasional Tbk 2024 Annual Report
333
Page 497
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
55. PERUBAHAN LIABILITAS KEUANGAN YANG 55. CHANGES IN FINANCIAL LIABILITIES ARISING
TIMBUL DARI AKTIVITAS PENDANAAN FROM FINANCING ACTIVITIES (continued)
(lanjutan)
Tabel di bawah ini menyajikan perubahan liabilitas The following table sets out the changes of the
keuangan Grup yang timbul dari aktivitas Group’s financial liabilities arising from financing
pendanaan (lanjutan): activities (continued):
2023
Mutasi
Valuta
Asing/
Arus Kas Arus Kas Foreign
1 Januari/ Masuk/ Keluar/ Exchange Lain-lain/ 31 Desember/
January 1 Cash Inflows Cash Outflows Movement Others1) December 31
Pinjaman bank jangka pendek 35.000.000 308.693.070 (250.000.000) – 53.902.743 147.595.813 Short-term bank loans
Liabilitas derivatif
Derivative liabilities
- Jangka pendek 16.981.738 – (12.354.389) – 4.362.045 8.989.394 Current -
Pinjaman jangka panjang
yang jatuh tempo dalam Current maturities of long-
satu tahun: term debt:
- Pinjaman bank 286.993.328 94.000.000 (415.427.488) 189.853 190.857.914 156.613.607 Bank loans -
- Pinjaman dari instansi Loans from non-bank -
keuangan non-bank 3.369.245 – (3.474.375) 68.845 3.474.375 3.438.090 financial institution
- Obligasi rupiah 110.623.276 – (114.812.887) 4.184.819 87.857.809 87.853.017 Rupiah bonds -
Liabilitas sewa 101.784.419 – (139.890.195) (623.420) 162.553.775 123.824.579 Lease liabilities
Pinjaman jangka
panjang - setelah dikurangi
bagian jatuh tempo dalam Long-term debt net of current
setahun: maturities:
- Pinjaman bank 562.023.805 401.174.798 (93.727.234) 9.381.689 (187.496.239) 691.356.819 Bank loans -
- Pinjaman dari instansi Loans from non-bank -
keuangan non-bank 16.455.848 7.858.385 – 372.532 (3.474.375) 21.212.390 financial institution
- Obligasi Rupiah 436.751.561 66.392.245 – 6.809.394 (87.678.793) 422.274.407 Rupiah bonds -
- Obligasi Dolar AS 1.699.945.971 500.000.000 (397.169.000) – (37.704.674) 1.765.072.297 US Dollar bonds -
Liabilitas derivatif Derivative liabilities
- Jangka panjang 9.822.831 – – – 455.375 10.278.206 Non-current -
Liabilitas sewa 84.446.201 – – – 30.190.631 114.636.832 Lease liabilities
Jumlah liabilitas keuangan Total financing liabilities
dari aktivitas pendanaan 3.364.198.223 1.378.118.498 (1.426.855.568) 20.383.712 217.300.586 3.553.145.451 from financing activities
1) Lain-lain terdiri atas biaya transaksi, amortisasi diskonto yang belum 1) Others consist of transaction cost, amortization of unamortized discount,
diamortisasi, akresi bunga, reklasifikasi pinjaman jangka panjang dan accretion, reclassification of loans from non-current to current portion,
jangka pendek, perubahan nilai wajar, dan penambahan aset hak guna change in fair value, and additions of right of use assets involving lease
melalui liabilitas sewa. liabilities.
334
PT Medco Energi Internasional Tbk 2024 Annual Report
495
Page 498
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
56. PERISTIWA SETELAH PERIODE PELAPORAN 56. EVENTS AFTER THE REPORTING PERIOD
i. Pada tanggal 7 Januari 2025, Perusahaan i. On January 7, 2025, the Company issued a Shelf
menerbitkan Obligasi Berkelanjutan Rupiah sebesar Registered Rupiah Bond for Rp2,500,000,000,000
Rp2.500.000.000.000 ("PUB V Tahap III") yang ("PUB V Tahap III") consisting of two tranches:
terbagi dalam dua seri yaitu: • Tranche A amounting
• Seri A sebesar Rp1.675.000.000.000 Rp1,675,000,000,000 with 5-year tenor;
dengan tenor 5 tahun; • Tranche B amounting Rp825,000,000,000
• Seri B sebesar Rp825.000.000.000 with 7-year tenor.
dengan tenor 7 tahun.
Perusahaan juga telah melakukan transaksi The Company has also entered into a “Cross
“Pertukaran Mata Uang Silang” (“Cross Currency Currency Swap” transaction to convert its Rupiah
Swap”) untuk mengubah kewajiban Rupiah menjadi obligations into US Dollars whereby the Company
Dolar AS dimana Perusahaan akan membayarkan will pay a fixed interest rate in US Dollars and
suku bunga tetap dalam Dolar AS dan menerima receive a fixed interest rate in Rupiah.
suku bunga tetap dalam Rupiah.
ii. Pada tanggal 7 Februari 2025, MPI menerbitkan ii. On February 7, 2025, MPI issued a Shelf Registered
Sukuk Berkelanjutan Rupiah sebesar Rupiah Sukuk for Rp1,150,000,000,000 ("PUB
Rp1.150.000.000.000 ("PUB Sukuk Tahap IV") yang Sukuk Tahap IV") consisting of three tranches:
terbagi dalam tiga seri yaitu: • Tranche A amounting Rp125,035,000,000
• Seri A sebesar Rp125.035.000.000 with 3-year tenor;
dengan tenor 3 tahun; • Tranche B amounting Rp816,955,000,000
• Seri B sebesar Rp816.955.000.000 with 5-year tenor;
dengan tenor 5 tahun; • Tranche C amounting Rp208,010,000,000
• Seri C sebesar Rp208.010.000.000 with 7-year tenor.
dengan tenor 7 tahun.
iii. Berdasarkan persetujuan pemegang saham dalam iii. Following shareholders approval in Annual General
Rapat Umum Pemegang Saham Tahunan, Meeting of Shareholders, the Company had started
Perusahaan melakukan program pembelian saham the shares buyback program. As of March 3, 2025,
kembali. Sampai dengan 3 Maret 2025, Perusahaan the Company had repurchased its outstanding
telah melakukan pembelian kembali atas saham shares from the market with amount of 63,300,000
beredar di Pasar sebesar 63.300.000 lembar shares.
saham.
57. STANDAR AKUNTANSI YANG TELAH 57. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE
EFEKTIF
Standar akuntansi yang telah diterbitkan sampai The accounting standards that have been issued up
tanggal penerbitan laporan keuangan konsolidasian to the date of issuance of the Group’s consolidated
Grup, namun belum berlaku efektif diungkapkan financial statements, but not yet effective are
berikut ini. Manajemen bermaksud untuk disclosed below. The management intends to adopt
menerapkan standar yang dipertimbangkan relevan these standards that are considered relevant to the
terhadap Grup pada saat standar tersebut berlaku Group when they become effective, and the impact
efektif, dan dampak penerapan standar tersebut to the consolidated financial position and
terhadap posisi dan kinerja keuangan konsolidasian performance of the Group is still being estimated as
Grup masih diestimasi pada tanggal selesainya of completion date of the consolidated financial
laporan keuangan. statements.
496 PT Medco Energi Internasional Tbk 2024 Annual Report
335
Page 499
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
57. STANDAR AKUNTANSI YANG TELAH 57. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah 1 Januari 2025 Effective beginning on or after January 1, 2025
Amandemen PSAK 221: Kekurangan Ketertukaran Amendment of PSAK 221: Lack of Exchangeability
Amandemen tersebut mengharuskan The amendments require disclosure of information
pengungkapan informasi yang memungkinkan that enables users of financial statements to
pengguna laporan keuangan memahami dampak understand the impact of a currency not being
mata uang yang tidak dapat dipertukarkan dengan exchangeable into the other currency affects, or is
mata uang lain yang memengaruhi, atau expected to affect, the entity’s financial
diperkirakan akan memengaruhi, kinerja keuangan, performance, financial position and cash flows. The
posisi keuangan, dan arus kas entitas. Amandemen amendments apply for annual reporting periods
berlaku untuk periode pelaporan tahunan yang beginning on or after 1 January 2025. Earlier
dimulai pada atau setelah 1 Januari 2025. application is permitted which an entity is required
Penerapan dini diperkenankan dimana entitas to disclose that fact.
diharuskan mengungkapkan fakta tersebut.
Grup saat ini sedang menilai dampak dari The Group is currently assessing the impact of the
amandemen tersebut terhadap pelaporan amendment on the Group’s financial reporting.
keuangan Grup.
PSAK 117: Kontrak Asuransi PSAK 117: Insurance Contracts
Standar akuntansi baru yang komprehensif untuk A comprehensive new accounting standard for
kontrak asuransi yang mencakup pengakuan dan insurance contracts covering recognition and
pengukuran, penyajian dan pengungkapan, pada measurement, presentation and disclosure, upon its
saat berlaku efektif PSAK 117 akan menggantikan effective date, PSAK 117 will replace PSAK 104:
PSAK 104: Kontrak Asuransi. PSAK 117 berlaku Insurance Contracts. PSAK 117 applies to all types
untuk semua jenis kontrak asuransi, jiwa, non-jiwa, of insurance contracts, life, non-life, direct
asuransi langsung dan reasuransi, terlepas dari insurance and reinsurance, regardless of the
entitas yang menerbitkannya, serta untuk jaminan entities issuing them, as well as to certain
dan instrumen keuangan tertentu dengan fitur guarantees and financial instruments with
partisipasi tidak mengikat, serta beberapa discretionary participation features, while a few
pengecualian ruang lingkup akan berlaku. Tujuan scope exceptions will apply. The overall objective of
keseluruhan dari PSAK 117 adalah untuk PSAK 117 is to provide an accounting model for
menyediakan model akuntansi untuk kontrak insurance contracts that is more useful and
asuransi yang lebih bermanfaat dan konsisten consistent for insurers.
untuk asuradur.
PSAK 117 berlaku efektif untuk periode pelaporan PSAK 117 is effective for reporting periods
yang dimulai pada atau setelah tanggal 1 Januari beginning on or after January 1, 2025, with
2025, dengan mensyaratkan angka komparatif. comparative figures required. Early application is
Penerapan dini diperkenankan bila entitas juga permitted, provided the entity also applies PSAK
menerapkan PSAK 109 dan PSAK 115 pada atau 109 and PSAK 115 on or before the date of initial
sebelum tanggal penerapan awal PSAK 117. application of PSAK 117. This standard is not
Standar ini tidak diharapkan memiliki dampak pada expected to have any impact to the financial
pelaporan keuangan Grup pada saat diadopsi untuk reporting of the Group upon first-time adoption.
pertama kali.
336
PT Medco Energi Internasional Tbk 2024 Annual Report
497
Page 500
The original consolidated financial statements included herein
are in the Indonesian language.
PT MEDCO ENERGI INTERNASIONAL Tbk PT MEDCO ENERGI INTERNASIONAL Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan As of December 31, 2024 and
untuk Tahun yang Berakhir for the Year Then Ended
pada Tanggal Tersebut (Expressed in United States Dollar,
(Disajikan dalam Dolar Amerika Serikat, unless otherwise stated)
kecuali dinyatakan lain)
58. PERSETUJUAN DAN OTORISASI PENERBITAN 58. APPROVAL AND AUTHORIZATION FOR THE
LAPORAN KEUANGAN KONSOLIDASIAN ISSUANCE OF CONSOLIDATED FINANCIAL
STATEMENTS
Penerbitan laporan keuangan konsolidasian Grup The issuance of the consolidated financial
telah disetujui dan disahkan oleh Direksi pada statements of the Group was approved and
tanggal 28 Maret 2025. authorized by the Board of Directors on March 28,
2025.
498 PT Medco Energi Internasional Tbk 2024 Annual Report
337
Page 501
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN SUPPLEMENTARY INFORMATION
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
@related
ESTIMASI CADANGAN RESERVES ESTIMATION
Informasi berikut mengenai kuantitas cadangan yang proved developed, undeveloped The following information on proved developed, undeveloped and probable reserves
dan probable reserves quantities serta sumber daya kontinjen hanya merupakan quantities as well as contingent resources are estimates only, and do not purport to
estimasi, dan tidak dimaksudkan untuk menggambarkan nilai yang dapat direalisasikan reflect realizable values or fair market values of the Group’s reserves. The Group
atau nilai pasar yang wajar dari cadangan Grup. Grup menekankan bahwa estimasi emphasizes that reserves estimates are inherently imprecise. Accordingly, these
cadangan secara bawaan tidak akurat. Sehubungan dengan hal tersebut, estimasi ini estimates are expected to change as future information becomes available. There are
diharapkan dapat saja berubah bila tersedia informasi baru dikemudian hari. Terdapat numerous uncertainties inherent in estimating oil and natural gas reserves, including
berbagai ketidakpastian bawaan dalam mengestimasi cadangan minyak dan gas bumi, many factors beyond the control of the Group.
termasuk faktor-faktor yang berada di luar kendali Grup.
Informasi berikut atas kuantitas cadangan dan sumber daya diestimasi baik oleh The following information on the Group’s reserves and resources quantities are
tenaga ahli internal Grup, atau konsultan perminyakan independen yaitu Netherland, estimated either by the internal Group’s engineers, or by an independent petroleum
Sewell & Associates, Inc. (NSAI), Gaffney, Cline and Associates (GCA), ERC Equipoise engineering consultants, i.e., Netherland, Sewell & Associates, Inc. (NSAI), Gaffney,
Ltd (ERCE), McDaniel & Associates Consultants Ltd dan DeGolyer and MacNaughton Cline and Associates (GCA), ERC Equipoise Ltd (ERCE), McDaniel & Associates
(DNM) ataupun berdasarkan estimasi oleh masing-masing operator blok. Prinsip teknik Consultants Ltd and DeGolyer and MacNaughton (DNM) or based on estimates by the
perminyakan dan definisi yang berlaku di industri atas kategori dan sub-klasifikasi operators of the respective blocks. Generally accepted petroleum engineering
cadangan proved dan probable serta sumber daya kontinjen dipergunakan dalam principles and definitions applied by the industry to proved and probable reserves
penyusunan pengungkapan cadangan dan sumber daya. categories and subclassifications as well as contingent resources were utilized in
preparing the reserves and resources disclosures.
Manajemen berpendapat bahwa kuantitas cadangan di bawah ini merupakan estimasi Management believes that the reserves quantities shown below are reasonable
yang wajar berdasarkan data geologi dan teknik yang tersedia. estimates based on available geological and engineering data.
PT Medco Energi Internasional Tbk
2024 Annual Report
499
338
Page 502
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
500
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Aset di Indonesia/ Aset Internasional/ Jumlah/
Indonesian Assets International Assets (3) Total
Wilayah Timur dan Tengah/
Wilayah Barat/West (1) East and Central (2)
Minyak dan Gas/
Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Oil and Gas
mbbls mmscf mbbls mmscf mmbls mmscf mmbls mmscf mboe
PT Medco Energi Internasional Tbk
Grup Cadangan Proved/
Group Proved Reserves
Saldo awal 31 Desember 2022/
Beginning balance December 31, 2022 21.359 643.811 15.240 694.116 55.603 58.621 92.202 1.396.548 352.611
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 3.747 227.131 225 (3.837) 1.512 421 5.484 223.715 45.395
Akuisisi dan divestasi/
2024 Annual Report
Acquisition and divestments (5) – – – – 30.526 17.064 30.526 17.064 33.334
Produksi/Production 4.938 177.509 1.184 49.578 2.763 1.104 8.885 228.191 50.657
Saldo akhir 31 Desember 2023/
Ending balance December 31, 2023 20.168 693.433 14.281 640.701 84.878 75.002 119.327 1.409.136 380.683
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 8.517 60.047 1.159 223.978 3.815 11.828 13.491 295.853 68.264
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – (41.749) (35.836) (41.749) (35.836) (47.727)
Produksi/Production 4.360 145.572 1.161 49.583 6.005 1.345 11.526 196.500 47.542
Saldo akhir 31 Desember 2024/
Ending balance December 31, 2024 24.325 607.908 14.279 815.096 40.939 49.649 79.543 1.472.653 353.678
339
Page 503
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Aset di Indonesia/ Aset Internasional/ Jumlah/
Indonesian Assets International Assets (3) Total
Wilayah Timur dan Tengah/
Wilayah Barat/West (1) East and Central (2)
Minyak dan Gas/
Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Oil and Gas
mbbls mmscf mbbls mmscf mmbls mmscf mmbls mmscf mboe
Grup Proved dan Probable/
Group Proved and Probable
Saldo awal 31 Desember 2022/
Beginning balance December 31, 2022 34.971 874.427 21.311 846.163 89.415 83.150 145.697 1.803.740 481.349
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 1.900 306.709 251 7.323 758 – 2.909 314.032 59.578
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – 44.481 24.601 44.481 24.601 48.558
Produksi/Production 4.938 177.509 1.184 49.578 2.763 1.104 8.885 228.191 50.657
Saldo akhir 31 Desember 2023/
Ending balance December 31, 2023 31.933 1.003.627 20.378 803.908 131.891 106.647 184.202 1.914.182 538.828
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) 2.194 25.891 2.799 313.491 4.106 18.074 9.099 357.456 76.080
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – (64.350) (57.338) (64.350) (57.338) (73.927)
PT Medco Energi Internasional Tbk
Produksi/Production 4.360 145.572 1.161 49.583 6.005 1.345 11.526 196.500 47.542
Saldo akhir 31 Desember 2024/
Ending balance December 31, 2024 29.767 883.946 22.016 1.067.816 65.642 66.038 117.425 2.017.800 493.439
2024 Annual Report
501
Page 504
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
502
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Aset di Indonesia/ Aset Internasional/ Jumlah/
Indonesian Assets International Assets (3) Total
Wilayah Timur dan Tengah/
Wilayah Barat/West (1) East and Central (2)
Minyak dan Gas/
Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Minyak/Oil Gas Oil and Gas
PT Medco Energi Internasional Tbk
mbbls mmscf mbbls mmscf mmbls mmscf mmbls mmscf mboe
Grup Sumber Daya Kontinjen/
Group Contingent Resources
Saldo awal 31 Desember 2022/
Beginning balance December 31, 2022 41.545 1.414.639 8.760 729.806 57.506 3.129.367 107.811 5.273.812 1.040.342
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) (538) (123.109) 375 (18.889) (759) – (922) (141.998) (28.428)
2024 Annual Report
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – 17.351 69.164 17.351 69.164 29.108
Produksi/Production – – – – – – – – –
Saldo akhir 31 Desember 2023/
Ending balance December 31, 2023 41.007 1.291.530 9.135 710.917 74.098 3.198.531 124.240 5.200.978 1.041.022
Penemuan dan pengembangan/
Discoveries and extensions – – – – – – – – –
Revisi/Revisions (4) (2.459) (36.364) (2.857) (384.220) (2.118) – (7.434) (420.584) (83.860)
Akuisisi dan divestasi/
Acquisition and divestments (5) – – – – (43.995) (103.822) (43.995) (103.822) (61.299)
Produksi/Production – – – – – – – – –
Saldo akhir 31 Desember 2024/
Ending balance December 31, 2024 38.548 1.255.166 6.278 326.697 27.985 3.094.709 72.811 4.676.572 895.863
Page 505
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PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
(1) Estimasi cadangan Grup yang termasuk dalam aset di Indonesia. Wilayah (1) Estimated reserves of the Group for Indonesian assets. The West region
Barat meliputi beberapa wilayah kerja diantaranya South Sumatera, Rimau, covering several working areas including South Sumatera, Rimau, Lematang,
Lematang, Blok A, South Natuna Sea Blok B dan Blok Corridor. Block A, South Natuna Sea Block B and Block Corridor.
(2) Estimasi cadangan Grup yang termasuk dalam aset di Indonesia. Wilayah (2) Estimated reserves of the Group for Indonesian assets. The East and Central
Timur dan Tengah meliputi beberapa wilayah kerja diantaranya Tarakan, Region covering several working areas including Tarakan, Senoro-Toili,
Senoro-Toili, Simenggaris, Sampang, Bangkanai dan Madura. Simenggaris, Sampang, Bangkanai and Madura.
(3) Estimasi cadangan Grup yang termasuk dalam aset Internasional meliputi (3) Estimated reserves of the Group for International assets covering several
beberapa wilayah kerja diantaranya Libya, Yaman, Thailand, Vietnam, working areas including Libya, Yemen, Thailand, Vietnam, Tanzania and
Tanzania dan Oman. Oman.
(4) Estimasi cadangan Grup untuk Blok Rimau, dan South Sumatera berdasarkan (4) Estimated reserves of the Group for Rimau Block and South Sumatera based
Laporan Sertifikasi GaffneyCline per 31 Desember 2018, dengan hak on the GaffneyCline Certification Report as of December 31, 2018, with 100%
partisipasi Grup 100% s.d Oktober 2019 dan 65% per November 2019 sampai the Group's participating interest until October 2019 and 65% as of November
dengan seterusnya. 2019 onwards.
Estimasi cadangan Grup untuk Blok Lematang berdasarkan Dokumentasi Estimated reserves of the Group for Lematang Block were based on Internal
Cadangan Internal per 31 Desember 2024, sesuai dengan hak partisipasi Reserve Documentation as of December 31, 2024, in accordance with the
Grup untuk Blok Lematang sebesar 100%. Group's participating interest in the Lematang Block of 100%.
Estimasi cadangan Grup untuk Blok Senoro-Toili (Lapangan Gas Senoro) Estimated reserves of the Group for Senoro-Toili Block (Senoro Gas Field)
berdasarkan Laporan Sertifikasi GaffneyCline per 31 Desember 2024, dengan were based on the GaffneyCline Certification Report as of December 31,
hak partisipasi Grup sebesar 30%. 2024, with the Group's participating interest of 30%.
Estimasi cadangan Grup untuk Blok A berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Block A were based on the GaffneyCline
GaffneyCline per 31 Desember 2024, dengan hak partisipasi Grup sebesar Certification Report as of December 31, 2024, with the Group's participating
85%. interest of 85%.
Estimasi cadangan Grup untuk Blok Simenggaris, Lapangan South Estimated reserves of the Group for Simenggaris Block, South Sembakung
PT Medco Energi Internasional Tbk
Sembakung, dibuat berdasarkan sertifikasi LAPI ITB per 16 Desember 2022, Field, were made based on LAPI ITB certification as of December 16, 2022,
dengan hak partisipasi Grup sebesar 62,5%. with the Group's participating interest of 62.5%.
Estimasi cadangan Grup untuk Blok Tarakan berdasarkan Dokumentasi Estimated reserves of the Group for Tarakan Block were based on the Internal
Cadangan Internal per 31 Desember 2024 sesuai dengan hak partisipasi Grup Reserves Documentation as of December 31, 2024 with the Group's
sebesar 100%. participating interest of 100%.
Estimasi cadangan Grup untuk Blok Yemen 9 berdasarkan Laporan McDaniel Estimated reserves of the Group for Block Yemen 9 were based on McDaniel
& Associates Consultants Ltd per 31 Desember 2014, dengan hak partisipasi & Associates Consultants Ltd Report as of December 31, 2014, with the
2024 Annual Report
Grup sebesar 25%. Group's participating interest of 25%.
Estimasi cadangan Grup untuk Blok Sampang berdasarkan Dokumentasi Estimated reserves of the Group for Sampang Block were based on Internal
Cadangan Internal per 31 Desember 2024, dengan hak partisipasi Grup untuk Reserves Documentation as of December 31, 2024, with Group's effective
Oyong - Wortel sebesar 45% dan Paus Biru 75%. working interest of 45% for Oyong - Wortel field and Paus Biru 75%.
503
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PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
504
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
Estimasi cadangan Grup untuk South Natuna Sea Blok B berdasarkan Estimated reserves of the Group for South Natuna Sea Block B were based on
Laporan Sertifikasi GaffneyCline per 31 Desember 2020. Pengkinian taksiran the GaffneyCline Certification Report as of December 31, 2020. Updating of
data reserves & resources pada beberapa Lapangan (West Belut, Terubuk reserves & resources data estimates for several Fields (West Belut, Terubuk
dan Siput) untuk keperluan Kontrak Jual Beli Gas Baru berdasarkan Laporan and Siput) for the purposes of a New Gas Purchase Contract based on the
Sertifikasi GaffneyCline per 30 Juni 2023, dengan hak partisipasi Grup GaffneyCline Certification Report as of June 30, 2023, with the Group's
sebesar 40%. participating interest of 40%.
PT Medco Energi Internasional Tbk
Estimasi cadangan Grup untuk Blok Senoro-Toili (Lapangan Tiaka) Estimated reserves of the Group for Senoro-Toili Block (Tiaka Field) were
berdasarkan Laporan Sertifikasi NSAI per 31 Desember 2011, dengan hak based on the NSAI Certification Report as of December 31, 2011, with the
partisipasi Grup sebesar 30%. Group's participating interest of 30%.
Estimasi cadangan Grup untuk Blok Tanzania berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Tanzania Block were based on the ERCE
ERCE per 31 Oktober 2014, dengan hak partisipasi Grup sebesar 20%. Certification Report as of October 31, 2014, with the Group's participating
interest of 20%.
Estimasi cadangan Grup untuk Madura Offshore berdasarkan Dokumentasi Estimated reserves of the Group for Madura Offshore were based on Internal
2024 Annual Report
Internal per 31 Desember 2024, dengan hak partisipasi Grup untuk Maleo dan Reserves Documentation as of December 31, 2024, with Group's effective
Peluang sebesar 67.5% dan Meliwis 77.5%. working interest of 67.5% for Maleo - Peluang Field and Meliwis 77.5%.
Estimasi cadangan Grup untuk Blok Bangkanai berdasarkan Laporan Estimated reserves of the Group for Bangkanai Block were based on the
Sertifikasi GaffneyCline per 31 Desember 2019, dengan hak partisipasi Grup GaffneyCline Certification Report as of December 31, 2019, with the Group's
sebesar 70%. participating interest of 70%.
Estimasi cadangan Grup untuk Bualuang berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Bualuang were based on GaffneyCline
GaffneyCline per 31 Desember 2020, dengan hak partisipasi Grup sebesar Certification Report as of December 31, 2020, with the Group's participating
100%. interest of 100%
Estimasi cadangan Grup untuk Blok Corridor berdasarkan Laporan Sertifikasi Estimated reserves of the Group for Corridor Block were based on the
DeGolyer and MacNaughton per 31 Oktober 2023, dengan hak partisipasi DeGolyer and MacNaughton Certification Report as of October 31, 2023, with
Grup sebesar 54% sampai dengan 19 Desember 2023 dan 46% sejak 20 the Group's participating interest of 54% until December 19, 2023 and 46%
Desember 2023, setelah unitisasi Lapangan Suban 10% dan Lapangan Gelam since December 20, 2023, after unitization of the Suban Field 10% and Gelam
14%. Field 14%.
Page 507
343
PT MEDCO ENERGI INTERNASIONAL TBK DAN ENTITAS ANAKNYA PT MEDCO ENERGI INTERNASIONAL TBK AND ITS SUBSIDIARIES
INFORMASI TAMBAHAN (lanjutan) SUPPLEMENTARY INFORMATION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam Dolar Amerika Serikat, Kecuali Dinyatakan Lain) (Expressed in United States Dollar, Unless Otherwise Stated)
(Tidak Diaudit) (Unaudited)
ESTIMASI CADANGAN (lanjutan) RESERVES ESTIMATION (continued)
(5) Grup melakukan pelepasan seluruh hak partisipasi (9,51%) Sinphuhorm (5) The Group has relinquished all participating interest (9.51%) in Sinphuhorm to
kepada Jadestone Energy (Singapore) Pte. Ltd. pada tanggal 23 Februari Jadestone Energy (Singapore) Pte. Ltd. on February 23, 2023.
2023.
Grup mengumumkan keberhasilan penyelesaian divestasi seluruh saham The Group's announces the successful completion of the divestment of its
Ophir Vietnam Block 12W B.V. ("OVBV") kepada Bitexco Energy Company entire share capital of Ophir Vietnam Block 12W B.V. (“OVBV”) to Bitexco
Limited ("Transaksi") pada tanggal 19 April 2024. Energy Company Limited (the “Transaction”) on April 19, 2024.
OVBV memiliki 31,875% hak partisipasi di Chim Sao dan Dua ("Blok 12W"), OVBV holds a 31.875% participating interest in Chim Sao and Dua (“Block
ladang minyak dan gas bumi yang berlokasi di Vietnam. 12W”), the producing oil and gas field located in Vietnam.
Grup melakukan akuisisi OQ Exploration & Production (OQEP) tanggal 12 The Group's acquired OQ Exploration & Production (OQEP) on December 12,
Desember 2023, dimana wilayah kerjanya berlokasi di Oman, yaitu Blok 60. 2023, whose working area is located in Oman, Block 60. The Group's reserves
Estimasi cadangan untuk blok tersebut berdasarkan Dokumentasi Cadangan estimates for Oman Block 60 were based on Internal Reserves Documentation
Internal per 31 Desember 2024, dengan hak partisipasi 20%. as of December 31, 2024, with Group's effective working interest of 20%.
Grup mengumumkan keberhasilan penyelesaian divestasi kepemilikannya The Group's announces the successful completion of the divestment of its
(24,5%) di Contract Area 47, Libya kepada National Oil Corporation of Libya holding (24.5%) in Contract Area 47, Libya to the National Oil Corporation of
("NOC") pada tanggal 27 Mei 2024. Libya ("NOC”) as of May 27, 2024.
PT Medco Energi Internasional Tbk
2024 Annual Report
505
Page 508
2024 A N N U A L R E P O R T Energy for Growth PT Medco Energi Internasional Tbk The Energy Building 53rd Floor SCBD Lot 11A Jl. Jend. Sudirman, Jakarta 12190 Indonesia P. +62-21 2995 3000 F. +62-21 2995 3001 Website : www.medcoenergi.com
Names mentioned 162 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Amman Mineral Nusa Tenggara
p.16 ×3
unresolved
person
Executive
· President Director
p.17 ×2
unresolved
org
Oman LLC
p.18
unresolved
org
Ministry of Manpower
p.19 ×2
unresolved
org
Ministry of Energy and Mineral Resources SKK Migas Award
p.19
unresolved
org
Ministry of Energy and Mineral
p.19 ×3
unresolved
—
Anthony R. Mathi
· Director
p.22 ×2
unresolved
org
PT Transportasi Gas Indonesia. Medco Power
p.23
unresolved
org
Medco Energi Madura Offshore Pty. Ltd.
p.26 ×3
unresolved
org
PT Natural Gas
p.26
unresolved
org
PT Medco E
p.26 ×16
unresolved
org
PT Mitra Energi Buana
p.26 ×2
unresolved
org
PT Sarana Cepu Energi
p.26
unresolved
org
PT PLN (Persero)
p.26 ×2
unresolved
org
PT Medco
p.26 ×3
unresolved
org
PT Pertagas
p.26
unresolved
org
PetroChina International Jabung Ltd.
p.26 ×2
unresolved
org
PT Pupuk Hulu Rokan
p.26
unresolved
org
PT Medco Amendments
p.26
unresolved
org
PT Pupuk Sriwidjaja Palembang
p.26 ×2
unresolved
org
PT PLN Indonesia Power
p.26
unresolved
org
Medco Energi Sampang Pty. Ltd.
p.26 ×3
unresolved
org
Petroleum Sampang Ltd
p.26
unresolved
org
Cue Sampang Pty. Ltd.
p.26
unresolved
org
Grissik Ltd.
p.26 ×2
unresolved
org
Madura Offshore Pty. Ltd.
p.26
unresolved
org
Implementation Negara Tbk.
p.26
unresolved
org
P Grissik Ltd.
p.26 ×5
unresolved
org
PT Pertamina EP
p.26
unresolved
org
Oman Export Blend Crude Oil Agreement Grissik Ltd.
p.27
unresolved
org
PT Energasindo Heksa Karya
p.27
unresolved
org
Medco Energi Global Pte. Ltd.
p.27 ×2
unresolved
org
Gas Supply Ptd. Ltd.
p.27
unresolved
org
Singapore Petroleum Sampang Ltd
p.27
unresolved
org
Pty Ltd
p.27
unresolved
org
PT Surya Mandala Sakti
p.27
unresolved
org
PT Energasindo
p.27
unresolved
org
PT Mirah Ganal Energi
p.27
unresolved
org
Bangkanai Ltd.
p.27
unresolved
org
P Natuna Ltd.
p.37 ×2
unresolved
org
PT Medco Daya Natuna
p.37
unresolved
org
Prime Natuna Inc.
p.37
unresolved
org
PT Pertamina Hulu Energi Corridor
p.37
unresolved
org
PT Pertamina Hulu Energi Tomori Sulawesi
p.37
unresolved
org
PT Medco Daya Energi Nusantara
p.37
unresolved
org
PT Medco Daya Makmur
p.37
unresolved
org
PT Bahtera Daya Makmur
p.37
unresolved
org
PT Sumsel Energi Rimau
p.37
unresolved
org
Cue Sampang Energy Pty Ltd.
p.38
unresolved
org
Medco Energi Bangkanai Ltd.
p.38
unresolved
org
PT Saka Bangkanai Klemantan
p.38
unresolved
org
PT Pertamina Hulu Energi Simenggaris
p.38
unresolved
org
Medco Energi West Bangkanai Ltd.
p.38
unresolved
org
PT Saka Energi Bangkanai Barat
p.38
unresolved
org
PT Medco Energi Natuna Timur
p.38
unresolved
org
PT Medco Energi Beluga
p.38
unresolved
org
PT Sele Raya Sejati
p.38
unresolved
org
Ministry of Energy and Minerals
p.39
unresolved
org
Premier Oil Vietnam Offshore B.V.
p.40
unresolved
org
PetroVietnam Exploration Production Corporation
p.40
unresolved
org
Medco Oman LLC
p.40 ×4
unresolved
org
Medco International Enterprise Ltd.
p.40
unresolved
org
Medco Arabia Ltd.
p.40
unresolved
org
Biyaq Oilfield Services LLC
p.40
unresolved
org
Tethys Oil Oman Onshore Ltd.
p.40
unresolved
org
Intaj LLC
p.40
unresolved
org
Pte Ltd.
p.40 ×5
unresolved
org
Calvalley Petroleum Ltd.
p.40
unresolved
org
Hood Oil Ltd.
p.40
unresolved
org
Gas Corporation
p.40
unresolved
org
Medco International Ventures Ltd.
p.41
unresolved
org
National Oil Corporation
p.41
unresolved
org
Ministry of Energy of Thailand.
p.41
unresolved
org
Ministry of Energy of Tanzania
p.41
unresolved
org
Ministry of Energy and Mineral Resources
p.47
unresolved
org
PT Amman Mineral
p.48
unresolved
org
PT Api Metra Graha
p.51 ×2
unresolved
org
PT Exspan Petrogas Intranusa
p.51 ×3
unresolved
org
PT Mitra Energi Gas Sumatera
p.51 ×2
unresolved
org
PT Satria Raksa Buminusa
p.51 ×2
unresolved
org
PT Donggi-Senoro LNG
p.51
unresolved
org
Transasia Pipeline Pvt. Ltd
p.51
unresolved
org
PT Meta Epsi Pribumi
p.54 ×2
unresolved
org
Ophir Energi Corporation
p.54
unresolved
org
Indonesia Stock Exchange
p.56 ×12
unresolved
org
PT Amman Mineral Nusa Tenggara Key
p.56
unresolved
org
Bitexco Energy Company Ltd.
p.56
unresolved
org
Minister of Foreign Affairs
p.58
unresolved
org
Minister of People’s
p.58
unresolved
—
GCG Committee
· Commissioner
p.58
unresolved
org
PT Medco Duta
p.58 ×3
unresolved
org
PT Medco Intidinamika
p.58 ×2
unresolved
org
Minister of Managing Director of MedcoEnergi Mining
p.59
unresolved
org
Internasional Tbk
p.59 ×2
unresolved
org
Minister of Justice
p.59
unresolved
org
PT APRAMESIS
p.59
unresolved
org
PT Ravotri Prima
p.59
unresolved
org
Risk Management Investama
· Commissioner
p.59
unresolved
org
PT Amman
p.59
unresolved
org
PT Medco Agro.
p.59
unresolved
org
PT Medco Daya Abadi Lestari
p.73 ×4
unresolved
person
Imas Fatimah
p.80
unresolved
org
Ministry of Justice
p.80
unresolved
person
Siendy K. Wisandana
· Corporate Secretary
p.80
unresolved
org
PT Medco Power Indonesia Q House Lumpini
p.81
unresolved
org
A Internasional Tbk
p.81
unresolved
org
Indonesia Medco Energi Global Pte Ltd
p.81
unresolved
org
PT Pemeringkat Efek Stock Exchange Building Tower
p.81
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.81
unresolved
org
Fitch Ratings Singapore Pte Ltd.
p.81
unresolved
org
Singapore Pte. Ltd.
p.81
unresolved
person
Leolin Jayayanti
p.94
unresolved
org
Financial Services Authority
p.94 ×6
unresolved
person
Yaser R. A. Panigoro
· Commissioner
p.96 ×9
unresolved
—
Marsillam
p.98
unresolved
—
Hilmi
p.102
unresolved
—
Panigoro
p.102
unresolved
org
Saudi Basic Indonesia Corporation
p.102
unresolved
—
Roberto
p.102
unresolved
—
Lorato
p.102
unresolved
org
Bank Indonesia
p.102
unresolved
org
Bank Indonesia Credit Connect
p.102
unresolved
—
Siahaan
p.102
unresolved
—
Marsillam Simandjuntak – Independent
· Chair
p.104 ×24
unresolved
—
Roberto Lorato – CEO
· Member
p.104 ×22
unresolved
—
Anthony R. Mathias – CFO
· Member
p.104 ×18
unresolved
—
Amri Siahaan – CAO
· Member
p.104 ×16
unresolved
—
Ronny Siahaan
p.105 ×2
unresolved
person
Ferry Sanjaya
· Member
p.106 ×2
unresolved
org
PT Indonesia Hijau Dwidaya
p.106
unresolved
org
PT Indonesia Hijau Papan. Hendry
p.106
unresolved
org
Ministry of Finance. He
p.106
unresolved
org
Ferdy & Rekan
p.106
unresolved
person
Training
· Member
p.107
unresolved
person
Chair
· Commissioner
p.108
unresolved
person
Affiliate
· Member
p.108 ×2
unresolved
org
PT Satria Raksa Buminusa. She
p.109
unresolved
org
PT Trisaka Adireksa
p.109
unresolved
—
Firman Dharmawan – Senior Manager
· Secretary
p.110 ×2
unresolved
org
PT Kalibiru Lestari Bersama
p.352
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