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Page 1
Ref. No.          :       116/SMGA/VII/2025                          Jakarta, July 16th 2025
Lampiran/Appendix :       -

Kepada Yth./To
PT Bursa Efek Indonesia
Divisi Penilaian Perusahaan 3
Indonesia Stock Exchange Tower 1 Lantai 6
Jl. Jend. Sudirman Kav. 52-53
Kel. Senayan, Kec. Kby. Baru
Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12190

Perihal/Re            :   Penjelasan Perseroan terhadap Laporan Keuangan
                          Company Explanation of the Financial Statements

Dengan hormat,                                     With respect,

Merujuk      pada     Surat    No.     S-          With reference to Letter No. S-
08094/BEI.PP3/07-2025 Tanggal 11 Juli              08094/BEI.PP3/07-2025 dated July 11,
2025 yang dikirimkan PT Bursa Efek                 2025, sent by PT Bursa Efek Indonesia to
Indonesia kepada PT Sumber Mineral                 PT Sumber Mineral Global Abadi Tbk
Global Abadi Tbk (“Perseroan”), dengan             (“the Company”), the Company hereby
ini Perseroan memberikan penjelasan                provides an explanation regarding
terkait Bagian C & D, sebagai berikut:             Section C & D, as follows:

1. Latar belakang kenaikan kas dan bank            1. The increase in the Company's cash
   Perseroan lebih kecil dibandingkan                 and bank balances was smaller than
   uang muka yang dibukukan Perseroan                 the advance payments recorded by
   sehubungan dengan CaLK tentang kas                 the Company in connection with CaLK
   dan bank                                           regarding cash and bank balances
Kas dan bank belum mencapai target                 Cash and bank balances did not reach
proyeksi dikarenakan untuk keperluan               the projected target due to advance
uang muka pembelian batubara dan bijih             payments for the purchase of coal and
nikel.                                             nickel ore.




                                            1/19
Page 2
2. CaLK tentang piutang                             2. CaLK regarding receivables

a. Latar belakang peningkatan piutang               a. Background to the 7422.95% increase
   usaha sebesar 7422,95% atau sebesar                 in accounts receivable, amounting to
   Rp83,55 miliar pada per 31 Desember                 Rp83.55 billion as of December 31,
   2024                                                2024
Latar belakang peningkatan usaha terjadi            The background to the increase in
karena terdapat kenaikan pendapatan                 business was due to an increase in the
Perseroan.                                          Company's revenue.

b. Latar belakang penurunan piutang                 b. Background to the 76.22% decrease in
   usaha sebesar 76,22% atau sebesar                   accounts receivable, or Rp64.53
   Rp64,53 miliar pada per 31 Maret 2025               billion, as of March 31, 2025
Penurunan piutang usaha pada 31 maret               The decrease in accounts receivable on
2025     karena     terdapat     realisasi          March 31, 2025 was due to the realization
pembayaran atas piutang usaha tersebut.             of payments on those accounts
                                                    receivable.

c. Kondisi terkini dari piutang usaha               c. The current condition of accounts
   dengan umur lebih dari 90 hari sebesar              receivable aged more than 90 days
   Rp5,09 miliar pada per 31 Maret 2025                amounted to Rp5.09 billion as of
                                                       March 31, 2025
Perseroan sudah menerima pembayaran                 The Company has received payment for
piutang usaha dengan umur lebih dari 90             accounts receivable aged more than 90
hari pada kuartal II 2025.                          days in the second quarter of 2025.

d. Rincian pelanggan yang mengalami                 d. Details of customers experiencing
   kesulitan pembayaran atau tidak dapat               payment difficulties or unable to pay
   membayar piutang dari Perseroan                     receivables from the Company
Tidak terdapat kesulitan pembayaran                 There are no payment difficulties with
piutang dari pelanggan Perseroan.                   receivables    from    the    Company's
                                                    customers.

3. CaLK tentang piutang lain-lain dari              3. CaLK regarding other receivables from
   pihak ketiga                                        third parties

a. Nature dan fungsi penggunaan dari                a. Nature and function of the Company's
   piutang lain-lain Perseroan                         other receivables
Piutang lain-lain tersebut merupakan sisa           Other receivables are the remaining
dari saldo piutang pihak ketiga yang                balance of third party receivables that
masih belum terealisasi.                            have not yet been realized.



                                             2/19
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b. Latar belakang penurunan piutang                 b. Background to the 99.40% decrease in
   lain-lain sebesar 99,40% atau sebesar               other receivables, amounting to
   Rp2,71 miliar pada per 31 Desember                  Rp2.71 billion as of December 31,
   2024                                                2024
Perseroan telah menerima pembayaran                 The Company has received payment for
atas piutang lain-lain tersebut.                    these other receivables.

4. CaLK tentang uang muka                           4. CaLK regarding down payments

a. Latar belakang peningkatan uang                  a. Background to the Company's
   muka Perseroan sebesar 106,75% atau                 106.75%       increase   in  advance
   sebesar Rp270,83 miliar pada per 31                 payments, amounting to Rp270.83
   Desember 2024                                       billion as of December 31, 2024
Peningkatan uang muka Perseroan                     The increase in the Company's advance
dikarenakan deposit yang dilakukan                  payments was due to deposits made by
Perseroan atas batubara dan bijih nikel             the Company for coal and nickel ore to
untuk memenuhi kontrak pelanggan.                   fulfill customer contracts.

b. Latar belakang realisasi uang muka               b. Background to the realization of the
   Perseroan per 31 Maret 2025 baru                    Company's advance payment as of
   terealisasi sebesar 10,30%                          March 31, 2025, which has only been
                                                       realized by 10.30%
Telah dilakukan pengiriman batubara dan             Coal and nickel ore shipments have been
bijih nikel yang mengurangi saldo deposit           made, reducing the Company's deposit
atau uang muka Perseroan.                           or advance payment balance.

c. Mekanisme    perjanjian   jual     beli          c. The Company's purchase and sale
   Perseroan melalui uang muka                         agreement     mechanism       through
                                                       advance payments.
Perseroan melakukan deposit awal untuk              The Company makes an initial deposit for
ikatan jual beli batubara dan bijih nikel,          the sale and purchase of coal and nickel
kemudian pada saat batubara dan bijih               ore, then when the coal and nickel ore are
nikel dikirim Perseroan melakukan                   delivered, the Company makes a
pembayaran kembali atas perhitungan                 payment based on the difference from
selisih dari uang muka tersebut.                    the advance payment.




                                             3/19
Page 4
d. Rincian dana penawaran umum yang                       d. Details of public offering funds used
   digunakan dan masih terdapat pada                         and remaining in the Company's
   uang muka Perseroan                                       advance payment
Berikut rincian dana penawaran umum                       The following are details of public
yang masih terdapat pada uang muka                        offering funds remaining in the
Perseroan:                                                Company's advance payment:
                                                       Realisasi Penggunaan     Saldo Uang Muka Hasil
                               Alokasi Dana IPO              Dana IPO                dari Dana IPO
         Supplier
                             IPO Fund Allocation      Realization of IPO Fund   Down Payment Balance
                                                             Utilization          from IPO Proceeds
 PT      Nikel     Sukses
                               91.000.000.000             91.000.000.000           37.945.813.842
 DelapanDelapan
 PT Batuah Energi Prima        55.000.000.000             55.000.000.000            9.826.327.423
 PT     Aneka      Mineral
                               18.050.000.000             18.050.000.000                  -
 Makmur Abadi
 PT Iraksel Jaya Perkasa       9.015.000.000               9.015.000.000                  -
 PT Global Energy Bara
                               9.015.000.000               9.015.000.000                  -
 Internasional
 Total                        182.080.000.000             182.080.000.000          47.772.141.265


5. Latar belakang Perseroan mencatatkan                   5. Background: The Company records
   biaya penawaran umum sebagai                               public offering costs as a deduction
   pengurang ekuitas                                          from equity
Latar belakang biaya penawaran umum                       The background for public offering costs
menjadi pengurang ekuitas karena secara                   being deducted from equity is that they
substansi merupakan biaya profesional                     are essentially professional fees used to
yang digunakan untuk mendukung proses                     support the initial public offering (IPO)
penawaran umum perdana saham (IPO) di                     process on the Indonesia Stock Exchange
Bursa Saham Indonesia (IDX) sehingga                      (IDX), so that when the funds from the
pada saat realisasi dana masuk dari                       public offering are realized, these costs
penawaran umum biaya tersebut akan                        will reduce equity.
mengurangi ekuitas.

Berikut jurnal pencatatan saat realisasi                  The following is the journal entry when
penawaran umum perdana saham:                             the initial public offering of shares is
                                                          realized:

Saat dana atas penawaran umum perdana saham diterima
When the funds from the initial public offering of shares are received

Kas Cash                           XXX
   Tambahan Modal disetor                   XXX
   Additional paid-in capital



                                                   4/19
Page 5
Saat realisasi atas biaya ditangguhkan (biaya penawaran umum)
When realization of costs is deferred (public offering costs)

Tambahan Modal disetor          XXX
Additional paid-up capital

Biaya ditangguhkan                      XXX
Deferred charges

6. CaLK tentang aset tetap                             6. CaLK on fixed assets

a. Latar belakang penambahan aset                      a. Background to the addition of
   tetap Perseroan sebesar Rp61,05                        Rp61.05 billion in fixed assets to the
   miliar pada per 31 Desember 2024                       Company as of December 31, 2024

         Aset             Rincian Aset Tetap            Tujuan Pembelian      Biaya Perolehan (Rp)
         Asset           Details of Fixed Assets       Purpose of Purchase    Acquisition Cost (Rp)
                                                      Keperluan operasional
                                                      tambang entitas anak
                                                      Perseroan
                       VIBRO SANY ROLLER                                         1.200.000.000
                                                      Operational needs of
                                                      the         Company's
                                                      subsidiaries' mines
                                                      Keperluan operasional
                                                      tambang entitas anak
                       WHEEL LOADER                   Perseroan
                                                                                 2.050.000.000
                       LIUGONG                        Operational needs of
                                                      the         Company's
                                                      subsidiaries' mines
                                                      Keperluan operasional
                                                      tambang entitas anak
       Alat Berat                                     Perseroan
                       DUMP TRUCK SHACMAN                                        3.567.567.568
    Heavy Equipment                                   Operational needs of
                                                      the         Company's
                                                      subsidiaries' mines
                                                      Keperluan operasional
                                                      tambang entitas anak
                                                      Perseroan
                       DUMP TRUCK SHACMAN                                        1.783.783.784
                                                      Operational needs of
                                                      the         Company's
                                                      subsidiaries' mines
                                                      Keperluan operasional
                                                      tambang entitas anak
                       SANY EXCAVATOR                 Perseroan
                                                                                 7.280.272.302
                       SY365H                         Operational needs of
                                                      the         Company's
                                                      subsidiaries' mines



                                               5/19
Page 6
                                                Keperluan operasional
                                                tambang entitas anak
                     SANY EXCAVATOR             Perseroan
                                                                             7.280.272.302
                     SY365H                     Operational needs of
                                                the         Company's
                                                subsidiaries' mines
                                                Keperluan operasional
                                                tambang entitas anak
                                                Perseroan
                     CRUSHER                                                 23.766.030.000
                                                Operational needs of
                                                the         Company's
                                                subsidiaries' mines
Total                                                                    46.927.925.956
                     TOYOTA.FORTUNER.2800       Kegiatan operasional
                                                                              587.650.000
                     VRZ 4X2 A/T GR SPORT       Operational activities
                                                Kegiatan operasional
                     TOYOTA HILUX DC 1                                        447.600.000
                                                Operational activities
                                                Kegiatan operasional
                     TOYOTA HILUX DC 2                                        447.600.000
                                                Operational activities
        Kendaraan                               Kegiatan operasional
                     AVANZA 1.5GT CVT                                         247.500.000
         Vehicles                               Operational activities
                                                Kegiatan operasional
                     PCX 160 CBS                                               23.910.811
                                                Operational activities
                     TOYOTA HILUX DC            Kegiatan operasional
                                                                              449.800.000
                     2.4GM/T                    Operational activities
                     MOBIL TOYOTA               Kegiatan operasional
                                                                              257.936.000
                     AVANZA/F 53GM              Operational activities
Total                                                                    2.461.996.811
          Kapal                                 Kegiatan operasional
                     Kapal                                                   5.505.000.000
          Vessel                                Operational activities
Jumlah                                                                   5.505.000.000
                                                Kegiatan operasional
                     AC                                                        66.400.000
                                                Operational activities
                                                Kegiatan operasional
                     Dispenser                                                 2.993.000
                                                Operational activities
                                                Kegiatan operasional
                     Furniture                                                376.622.000
                                                Operational activities
                                                Kegiatan operasional
                     GPS                                                       13.800.000
                                                Operational activities
                     Kulkas                     Kegiatan operasional
         Peralatan                                                             19.301.000
                     Refrigerator               Operational activities
        Equipment
                     Kursi                      Kegiatan operasional
                                                                               74.800.000
                     Chair                      Operational activities
                                                Kegiatan operasional
                     Laptop                                                   171.554.300
                                                Operational activities
                     Lemari                     Kegiatan operasional
                                                                               6.000.000
                     Cupboard                   Operational activities
                     Meja                       Kegiatan operasional
                                                                               55.766.396
                     Table                      Operational activities
                     Mesin Fotocopy             Kegiatan operasional           76.312.500



                                         6/19
Page 7
                          Photocopier                   Operational activities
                                                        Kegiatan operasional
                          Monitor                                                      6.412.000
                                                        Operational activities
                                                        Kegiatan operasional
                          PC                                                           31.319.400
                                                        Operational activities
                          Peralatan kantor              Kegiatan operasional
                                                                                      821.400.000
                          Office equipment              Operational activities
                          Peralatan proyek              Kegiatan operasional
                                                                                     6.979.419.663
                          Project equipment             Operational activities
                                                        Kegiatan operasional
                          Printer                                                      2.375.000
                                                        Operational activities
 Total                                                                           8.708.475.259
                                                        Keperluan operasional
                                                        tambang entitas anak
       Aset dalam
                          Proses konstruksi             Perseroan
      penyelesaian                                                                   10.307.442.053
                          Construction process          Operational needs of
   Assets in settlement
                                                        the         Company's
                                                        subsidiaries' mines
 Total                                                                           10.307.442.053


b. Strategi Perseroan ke depannya                        b. The Company's future strategy in
   dalammelakukan       eksplorasi  dan                      conducting exploration and mining
   penambangan atas penambahan dari                          for the addition of fixed assets in the
   Aset Tetap dalam bentuk alat berat                        form of heavy equipment
Penambahan asset tetap dalam bentuk                      The addition of fixed assets in the form of
alat berat ditujukan untuk meningkatkan                  heavy equipment is intended to improve
kinerja entitas anak Perseroan dalam                     the performance of the Company's
melakukan kegiatan pertambangan.                         subsidiaries in conducting mining
                                                         activities.

c. Realisasi penyelesaian dari aset atas                 c. Realization of completion of assets in
   terdapatnya Aset Dalam Penyelesaian                        completion
Sampai dengan saat ini belum terdapat                    To date, there has been no realization of
realisasi atas penyusutan asset tersebut                 depreciation of these assets as they are
dikarenakan     masih    dalam    proses                 still under construction.
konstruksi.

7. CaLK tentang properti penambangan                      7. CaLK on mining properties

a. Latar belakang reklasifikasi aset                     a. Background to the reclassification of
   eksplorasi dan evaluasi menjadi                          exploration and evaluation assets as
   properti penambangan pada per 31                         mining properties as of December 31
   Desember
Latar belakang reklasifikasi aset ekplorasi              The background to the reclassification of
dan     evaluasi    menjadi        properti              exploration and evaluation assets as


                                                 7/19
Page 8
penambangan pada 31 Desember 2024                   mining properties as of December 31,
adalah ketika entitas telah menentukan              2024 is when the entity has determined
kelayakan teknis dan komersial untuk                the technical and commercial feasibility
melanjutkan pengembangan sumber                     of continuing the development of
daya mineral sehingga mempunyai                     mineral resources, thereby having
keyakinan      bahwa    area   tambang              confidence that the mining area has the
mempunyai potensi untuk ditambang                   potential to be mined with commercial
dengan mempunyai keuntungan secara                  viability. Assets previously classified as
komersial. Aset yang sebelumnya                     exploration and evaluation assets, such
diklasifikasikan sebagai aset eksplorasi            as exploration rights and research costs,
dan evaluasi, seperti hak eksplorasi dan            are now transferred to the mining
biaya penelitian, sekarang dialihkan ke             property category, which is planned to be
kategori properti pertambangan yang                 operational and producing mining results
direncanakan      tahun   2025    sudah             by 2025.
beroperasi dan menghasilkan hasil
tambang.

Berikut adalah alasan lebih detail                  The following are more detailed reasons
mengapa reklasifikasi terjadi:                      why the reclassification occurred:
a. Penentuan Kelayakan:                             a. Feasibility Determination:
Setelah melakukan eksplorasi dan                    After conducting exploration and
evaluasi, entitas harus menilai apakah              evaluation, the entity must assess
sumber daya mineral tersebut layak untuk            whether the mineral resources are
ditambang secara teknis dan komersial.              technically and commercially feasible to
                                                    mine.
b. Perubahan Status:                                b. Change in Status:
Ketika kelayakan telah ditetapkan, aset             When feasibility has been established,
eksplorasi dan evaluasi tidak lagi                  exploration and evaluation assets are no
dianggap sebagai aset dalam tahap                   longer considered assets in the
eksplorasi, tetapi menjadi aset yang                exploration stage, but become assets
terkait dengan pengembangan sumber                  related      to      mineral      resource
daya mineral.                                       development.
c. Pengalihan Aset:                                 c. Asset Transfer:
Aset yang sebelumnya diklasifikasikan               Assets     previously     classified    as
sebagai aset eksplorasi dan evaluasi,               exploration and evaluation assets, such
seperti hak eksplorasi dan biaya                    as exploration rights and research costs,
penelitian, sekarang dialihkan ke kategori          are now transferred to the mining
properti pertambangan.                              property category.
d. Standar Akuntansi:                                d. Accounting Standards:
Standar akuntansi seperti PSAK 106                  Accounting standards such as PSAK 106
Aktivitas Eksplorasi dan Evaluasi pada              Exploration and Evaluation Activities in



                                             8/19
Page 9
Pertambangan Sumber Daya Mineral                    Mineral Resource Mining govern this
mengatur tentang reklasifikasi ini, dimana          reclassification, where exploration and
aset eksplorasi dan evaluasi harus dinilai          evaluation assets must be impaired
penurunan         nilainya        sebelum           before reclassification.
direklasifikasi.

Dengan kata lain, reklasifikasi terjadi             In other words, reclassification occurs as
sebagai akibat dari keberhasilan proses             a result of the success of the exploration
eksplorasi dan evaluasi, yang mengarah              and evaluation process, which leads to
pada keyakinan bahwa area tersebut                  the belief that the area can be developed
dapat dikembangkan menjadi tambang                  into a profitable mine.
yang menguntungkan.

b. Tujuan dari properti pertambangan                 b. Purpose of the mining properties
   yang dicatatkan Perseroan                            recorded by the Company
Tujuan dari properti penambangan yang               The purpose of the mining properties
dicatatkan oleh Perseroan adalah untuk              recorded by the Company is to
mencatat dan melaporkan nilai properti              accurately record and report the value of
tambang Perseroan dengan tepat setelah              the Company's mining properties after
melalui studi kelayakan teknis dan                  conducting technical feasibility and
kelangsungan     usaha    serta secara              business continuity studies and ensuring
komersial    tambang      sudah   bisa              that the mines are commercially
beroperasional pada tahun 2025.                     operational by 2025.

c. Rincian dan tujuan penambahan                    c. Details and objectives of the addition
   properti penambangan pada per 31                     of mining properties as of December
   Desember 2024 sebesar Rp18,09                        31, 2024, amounting to Rp18.09
   miliar                                               billion.
Rincian      properti        pertambangan           The details of mining properties are the
merupakan       proses       pembangunan            process of developing mining support
penunjang pertambangan pada entitas                 facilities at the Company's subsidiaries.
anak Perseroan. Tujuan penambahan                   The purpose of adding mining properties
properti      penambangan           adalah          is to support the mining development
mendukung        proses      Pembangunan            process of the Company's subsidiaries to
penambangan entitas anak Perseroan                  be more effective and efficient.
agar lebih efektif dan efisien.




                                             9/19
Page 10
d. Latar belakang belum terdapat                      d. Background: No mining supplies
   persediaan dari hasil penambangan                     available yet
PT Jasatama Mandiri Sukses akan mulai                PT Jasatama Mandiri Sukses will begin
proses pertambangan pada kuartal 3                   the mining process in the third quarter of
tahun 2025.                                          2025.

8. CaLK tentang utang pembiayaan                     8. CaLK regarding financing debt
Latar belakang penurunan sebesar 100%                The background to the 100% decrease,
atau sebesar Rp19 miliar pada periode 31             or Rp19 billion, in the period ending
Desember 2024 disebabkan penurunan                   December 31, 2024, was due to a
utang pembiayaan Perseroan dikarenakan               decrease in the Company's financing
telah dilunasi.                                      debt as it had been repaid.

9. CaLK tentang utang usaha                          9. CaLK on business debt

a. Latar belakang peningkatan utang                  a. Background to the increase in trade
   usaha kepada pihak ketiga pada                        payables to third parties in the period
   periode 31 Desember 2024 sebesar                      ending December 31, 2024, by
   467,19% atau sebesar Rp99,31 miliar                   467.19% or Rp99.31 billion
Peningkatan utang usaha pihak ketiga                 The increase in trade payables to third
pada periode 31 desember 2024                        parties in the period ending December
dikarenakan peningkatan pembelian                    31, 2024, was due to an increase in the
Perseroan    yang    sejalan   dengan                Company's purchases in line with
meningkatnya Penjualan pada akhir tahun              increased sales at the end of 2024.
2024.

b. Latar belakang penurunan utang usaha              b. Background to the 467.19% decrease
   kepada pihak ketiga pada periode 31                   in trade payables to third parties as of
   Maret 2025 sebesar 467,19% atau                       March 31, 2025, amounting to IDR
   sebesar Rp99,31 miliar                                99.31 billion
Penurunan utang usaha kepada pihak                   The decrease in trade payables to third
ketiga dikarenakan Perseroan sudah                   parties was due to the Company having
melakukan pembayaran atas utang-utang                already made payments on these debts.
terserbut.

c. Latar belakang peningkatan utang                  c. Background to the 260.74% increase
   usaha dengan umur lebih dari 31 hari                 in trade payables aged over 31 days,
   sebesar   260,74%     atau    sebesar                amounting to Rp23.35 billion
   Rp23,35 miliar
Peningkatan utang usaha lebih dari 31 hari           The increase in trade payables aged over
dikarenakan terdapat beberapa invoice                31 days was due to discrepancies in the



                                             10/19
Page 11
yang ada perbedaan perhitungan dan                   calculation of several invoices, which are
sedang dalam tahap pembahasan.                       currently under discussion.

d. Kondisi terkini dari utang usaha                   d. Current status of business debt to
   kepada pihak ketiga                                   third parties
Kondisi terkini dari utang usaha kepada              The current status of business debt to
pihak ketiga adalah Perseroan tidak                  third parties is that the Company has not
menambah utang baru yang memiliki                    incurred any new debt with a repayment
jangka waktu pelunasan lebih dari 90 hari.           period of more than 90 days.

e. Strategi       Perseroan       dalam               e. The Company's strategy to minimize
   meminimalisir risiko gagal bayar atas                 the risk of default on debts,
   utang-utang khususnya utang usaha                     particularly trade payables
Utang usaha Perseroan jumlahnya tidak                The Company's trade payables are
signifikan sehingga tidak terdapat risiko            insignificant in amount, so there is no risk
gagal bayar atas utang-utang tersebut.               of default on these debts.

10.    CaLK tentang utang lain-lain                  10.     CaLK regarding other debts

a. Nature dan detail dari utang lain-lain             a. Nature and details of the Company's
   Perseroan                                             other payables
Utang lain-lain merupakan modal kerja                Other payables are working capital from
dari pihak ketiga.                                   third parties.

b. Latar belakang peningkatan utang lain-            b. Background to the increase in other
    lain pada 31 Maret 2025 sebesar                     debts on March 31, 2025, by 33.41%
    33,41% atau sebesar Rp65,97 miliar                  or Rp65.97 billion
Utang lain-lain mengalami kenaikan                   Other debts increased due to debts from
dikarenakan adanya utang dari Bapak                  Mr. Wongso Indrajit in the form of
Wongso Indrajit berupa modal kerja yang              working capital used by the Company to
digunakan Perseroan untuk pembelian                  purchase nickel ore.
bijih nikel.

c. Skema bunga dan pembayaran dari                   c. Interest and payment schemes for
    utang lain-lain                                     other debts
Tidak ada bunga atas utang lain-lain                 There is no interest on these other debts.
tersebut.




                                             11/19
Page 12
11.CaLK tentang liabilitas sewa                     11.     CaLK on lease liabilities
Tujuan pencatatan tentang liabilitas sewa           The purpose of recording lease liabilities
dalam laporan keuangan adalah untuk                 in the financial statements is to reflect
mencerminkan kewajiban Perusahaan dari              the Company's obligations from lease
perjanjian sewa sesuai dengan kriteria              agreements in accordance with the
yang terkandung dalam PSAK 116 serta                criteria contained in PSAK 116 and the
jumlah kewajiban masa depan yang harus              amount of future obligations that must
dibayar perusahaan.                                 be paid by the company

Aset yang disewa Perusahaan merupakan               The assets leased by the Company are
alat berat yang digunakan untuk                     heavy equipment used for operations
operasional yang digunakan untuk                    that are leased to the Group and the
disewakan ke Grup dan sewa ruangan di               lease of space on the 2nd floor of the
Gedung Graha BIP Lantai 2.                          Graha BIP Building.

12. CaLK tentang beban masih harus                   12.    CaLK regarding expenses still to
    dibayar terkait latar belakang jasa                 be paid related to professional
    profesional pada periode 31 Maret                   services in the period ending March
    2025                                                31, 2025
Beban jasa professional adalah jasa audit           Professional service expenses are audit
periode tahun 2024 yang pembayarannya               services for the 2024 period, the
sudah terealisasi pada kuartal 2 2025.              payment for which was realized in the
                                                    second quarter of 2025.

13.CaLK tentang liabilitas sewa terkait             13. CaLK regarding lease liabilities
   tujuan penyewaan alat berat dari                     related to the purpose of leasing
   Perseroan        beserta      lokasi                 heavy equipment from the Company
   penggunaannya                                        and its location of use
Tujuan penyewaan alat berat dari                    The heavy equipment leased by the
Perseroan akan digunakan oleh entitas               Company will be used by its subsidiaries
anak untuk operasional Perusahaan yang              for the Company's operations, which will
digunakan untuk disewakan ke Grup.                  be leased to the Group.

Lokasi alat berat berada di Wilayah Izin            The heavy equipment is located in the
Usaha Pertambangan PT Jasatama                      Mining Business License Area of PT
Mandiri Sukses di Desa Sambalagi,                   Jasatama Mandiri Sukses in Sambalagi
Kecamatan Bungku Pesisir, Kabupaten                 Village, Bungku Pesisir Subdistrict,
Morowali, Provinsi Sulawesi Tengah.                 Morowali Regency, Central Sulawesi
                                                    Province.




                                            12/19
Page 13
14.CaLK tentang utang bank                          14.    CaLK on bank debt

a. Latar belakang peningkatan utang                 a. Background to the increase in short-
   bank jangka pendek dan jangka                       term and long-term bank debt as of
   panjang pada periode 31 Maret 2025                  March 31, 2025, by 174.22% or
   sebesar   174,22%     atau    sebesar               Rp20.14 billion
   Rp20,14 miliar
Peningkatan    utang   bank     tersebut            The increase in bank debt was due to the
dikarenakan untuk modal kerja Perseroan.            Company's working capital.

b. Pembatasan dan status pemenuhan                   b. Restrictions and the Company's
   Perseroan       atas      pembatasan-                compliance       status   with    the
   pembatasan yang ditetapkan dalam                     restrictions stipulated in the debt
   perjanjian utang                                     agreement
Terdapat pembatasan-pembatasan yang                 There are restrictions stipulated in the
ditetapkan dalam pejanjian utang bank.              bank debt agreement. These include the
Diantaranya adalah sebagai berikut:                 following:
§ Current Ratio (CR) minimal 1,00x (CR =             § Current Ratio (CR) of at least 1.00x
   Current Assets : Current Liabilities).               (CR = Current Assets : Current
                                                        Liabilities).
§ Debt Equity Ratio (DER) maksimal                   § Debt Equity Ratio (DER) maximum of
  3,00x (DER =Total Liabilities : Total                 3.00x (DER = Total Liabilities : Total
  Equity).                                              Equity).

c. Pemenuhan yang harus dipenuhi oleh                c. Requirements that must be met by
   Perseroan dengan bank per 31 Maret                   the Company with the bank as of
   2025 terkait hasil perhitungan atau                  March 31, 2025, related to the
   komponen keuangan Perseroan                          Company's financial calculations or
                                                        components
Berikut hasil perhitungan atau komponen             The following are the Company's
keuangan Perseroan terkait pemenuhan                financial calculations or components
tersebut :                                          related to these requirements:
§ Current Ratio (CR) = 1,9x                          § Current Ratio (CR) = 1.9x
§ Debt Equity Ratio (DER) = 0,85x                    § Debt Equity Ratio (DER) = 0.85x

d. Dampak        material       terhadap            d. Material     impact      on    business
   keberlangsungan usaha yang akan                     continuity that will be incurred by the
   didapatkan oleh Perseroan dalam hal                 Company in the event of failure to
   tidak terpenuhinya kewajiban tersebut               fulfill such obligations in a timely
   secara tepat waktu                                  manner
Tidak terdapat dampak material.                     There is no material impact.



                                            13/19
Page 14
e. Tujuan penggunaan utang bank                    e. Purpose of the Company's bank debt
   Perseroan
Utang Bank digunakan untuk modal kerja             Bank debt is used for the Company's
Perseroan.                                         working capital.

f. Sumber dana yang akan digunakan                  f. The source of funds that the
   Perseroan untuk memenuhi kewajiban                   Company will use to fulfill its bank
   utang bank Perseroan sebesar Rp31,71                 debt obligations amounting to
   miliar per 31 Maret 2025 mengingat                   Rp31.71 billion as of March 31, 2025,
   Perseroan saat ini hanya membukukan                  considering that the Company
   kas sebesar Rp10,86 miliar                           currently only has cash reserves of
Sumber dana yang akan digunakan untuk                   Rp10.86 billion
memenuhi kewajiban utang bank dari                 The source of funds that will be used to
hasil usaha Perseroan.                             fulfill the Company's bank debt
                                                   obligations will come from the
                                                   Company's operating results.

g. Keyakinan Perseroan dalam memenuhi               g. The Company's confidence in
   kewajiban utang bank secara tepat                    fulfilling its bank debt obligations in a
   waktu                                                timely manner
Perseroan    yakin  dapat     memenuhi             The Company is confident that it can
kewajiban utang bank secara tepat waktu.           fulfill its bank debt obligations in a timely
                                                   manner.

h. Strategi       Perseroan       dalam             h. Strategi      Perseroan       dalam
   meminimalisir risiko gagal bayar atas               meminimalisir risiko gagal bayar atas
   utang-utang khususnya untuk utang                   utang-utang khususnya untuk utang
   kepada bank                                         kepada bank
Perseroan menjaga financial covenant               Perseroan menjaga financial covenant
yang telah ditetapkan oleh bank.                   yang telah ditetapkan oleh bank.

15.     CaLK     tentang   uang   muka             15.      CaLK regarding customer down
   pelanggan terkait nature dan rencana                payments related to the nature and
   realisasi dari uang muka yang telah                 realization plan of down payments
   diberikan dari pelanggan                            that have been given by customers
Nature dari uang muka pelanggan adalah             The nature of customer down payments
penerimaan sebagian pembayaran atas                is partial payment received for contracts
kontrak yang telah disepakati dengan               that have been agreed upon with
pelanggan         sedangkan     rencana            customers, while the realization plan will




                                           14/19
Page 15
realisasinya akan       dilakukan     setelah           be carried out after the goods have been
pengiriman barang.                                      delivered

16.     CaLK tentang provisi biaya                      16.     CaLK regarding provisions for
   reklamasi dan penutupan tambang                         reclamation and mine closure costs
Berikut kami lampirkan rincian dari                     Attached are the details of the
perhitungan provisi biaya tersebut:                     calculation of these provisions:
              Keterangan Description                                   Jumlah Amount
 Jaminan Pasca Tambang
                                                              169.545.000
 Post-Mining Guarantee
 Jaminan Reklmasi
                                                              587.887.400
 Reclamation Guarantee
 Total Provisi biaya reklamasi dan penutupan tambang
                                                              757.432.400
 Total Provision for reclamation and mine closure costs

17.    CaLK tentang penjualan bersih                    17.    CaLK on net sales

a. Latar    belakang      peningkatan                   a. Background to the increase in the
   pendapatan Perseroan pada periode                       Company's revenue for the periods
   31 Desember 2024 dan 31 Maret 2025                      ending December 31, 2024 and
                                                           March 31, 2025
Peningkatan    pendapatan   Perseroan                   The increase in the Company's revenue
dikarenakan      adanya   peningkatan                   was due to increased demand for coal
kebutuhan batubara dan bijih nikel di                   and nickel ore in the domestic sector.
sektor domestik.

b. Nature atas pendapatan solar per 31                  b. Nature of solar income as of
   Desember 2024 sebesar Rp2,27 miliar                     December 31, 2024, amounting to
                                                           Rp2.27 billion
Perseroan sedang menjajaki bidang usaha                 The Company is exploring a new
baru yaitu penjualan energi cair.                       business field, namely the sale of liquid
                                                        energy.

18.    CaLK tentang beban pokok                          18.    CaLK regarding cost of revenue
   pendapatan terkait latar belakang                        related to the background of the
   peningkatan       beban          pokok                   increase in the Company's cost of
   pendapatan Perseroan                                     revenue
Kenaikan beban pokok pendapatan                         The increase in cost of revenue was due
dikarenakan kenaikan harga bijih nikel.                 to an increase in the price of nickel ore.




                                                15/19
Page 16
19.     CaLK tentang beban usaha                            19.       CaLK on business expenses

a. Latar belakang peningkatan beban                         a. Background to the increase in salary
   gaji beserta rincian (jumlah, status                        expenses and details (number,
   karyawan,    dan     fungsi)    dari                        employee status, and function) of the
   penambahan karyawan Perseroan                               addition of employees to the
                                                               Company
Latar belakang peningkatan beban gaji                       The background to the increase in salary
dikarenakan   meningkatnya    aktivitas                     expenses is due to the increase in the
operasional    Perseroan     sehingga                       Company's operational activities, which
Perseroan    melakukan    penambahan                        has led the Company to add human
sumber daya manusia untuk menunjang                         resources to support these conditions.
kondisi ini.

Berikut detail penambahan karyawan                          The following are details of the addition
pada masing-masing divisi beserta jumlah                    of employees in each division and the
kenaikan gaji:                                              amount of salary increases:
                                             2024                                     2025
            Divisi              Jumlah Karyawan
                                                       Jumlah Gaji       Jumlah Karyawan      Jumlah Gaji
           Division               Number of
                                                      Salary Amount    Number of Employees   Salary Amount
                                  Employees
 Direksi dan Komisaris
 Board of Directors and Board         6               3.015.633.650            6             725.475.826
 of Commissioners
 Finance, Accounting, dan Tax         4               470.187.223              6             155.375.729
 Human Resources & General
                                      1                70.714.885              1              25.212.623
 Affairs
 Operational                          12              2.730.692.344            18            996.201.243


b. Rincian beban jasa profesional yang                       b. Details of professional service
   dicatatkan Perseroan                                         expenses recorded by the Company
Rincian beban jasa profesional yang                         Details of professional service expenses
dicatatkan Perseroan adalah sebagai                         recorded by the Company are as follows:
berikut:
           Keterangan Description                                  Jumlah Amount
 Biaya tahunan                                         Rp355.579.062
 Biaya jasa annual report                              Rp35.000.000




                                                    16/19
Page 17
c. Rincian beban legal dan perizinan                 c. Details of legal and licensing
   yang dicatatkan Perseroan                            expenses recorded by the Company
Rincian beban legal dan perizinan yang               Details of legal and licensing expenses
dicatatkan Perseroan adalah sebagai                  recorded by the Company are as follows:
berikut:
          Keterangan Description                               Jumlah Amount
 Biaya    jasa    pengurusan     dokumen
 pertambangan PT Jasatama Mandiri               Rp1.449.970.483
 Sukses

20.   CaLK tentang pendapatan atau                   20. CaLK regarding income or other
   beban lain-lain                                       expenses

a. Latar belakang Perseroan mencatatkan              a. Background The Company recorded
   rugi pada periode 31 Desember 2024                   a loss for the period ending
                                                        December 31, 2024
Terdapat biaya bunga pinjaman sehingga               There were loan interest expenses,
beban lain-lain lebih besar dibanding                resulting in other expenses exceeding
dengan pendapatan lain-lain.                         other income.

b. Rincian pos pencatatan lain-lain bersih           b. Details of other net accounting items
   yang sebesar Rp2,91 miliar pada                      amounting to Rp2.91 billion for the
   periode 31 Maret 2025                                period ending March 31, 2025
Rincian pendapatan lain-lain sebesar                 Details of other income amounting to
Rp2,91 M adalah sebagai berikut:                     Rp2.91 billion are as follows:
            Keterangan Description                             Jumlah Amount
 Keuntung selisih kurs
                                                Rp1.506.075.768
 Foreign exchange gains
 Pendapatan bunga deposito
                                                Rp       4.745.104
 Interest income from deposits
 Pendapatan atas penalty
                                                Rp 1.567.805.363
 Penalty income
 Biaya pinjaman bank
                                                Rp (145.835.055)
 Bank loan costs
 Beban lain-lain
                                                Rp     (21.169.835)
 Other expenses




                                             17/19
Page 18
c.      Rincian pos pencatatan lain-lain         c. Details of other net accounting items
  bersih yang bernilai negatif sebesar              with a negative value of Rp3.67 billion
  Rp3,67 miliar pada periode 31                     for the period ending December 31,
  Desember 2024                                     2024
Berikut rincian pos pencatatan lain-lain         The following are details of other net
bersih:                                          recording items:
                     Keterangan Description                        Jumlah Amount
 Biaya administrasi bank
                                                              (2.105.920.054)
 Bank administration fees
 Biaya cadangan kerugian piutang usaha
                                                              (401.557.856)
 Business receivables loss reserve
 Rugi pelepasan aset hak guna
                                                              (245.675.833)
 Loss on disposal of right-of-use assets
 Selisih kurs atas transaksi mata uang asing
 Exchange rate differences on foreign currency transactions (1.612.683.124)
 Lain-lain
                                                              688.803.966
 Other
 Total                                                        (3.677.032.901)

D. Lain-Lain                                       D. Others

1. Rencana tindakan korporasi dalam                1. Corporate action plans for the next 12
   periode 12 (dua belas) bulan ke depan              (twelve) months
Sampai dengan saat ini belum terdapat              To date, there are no corporate action
rencana tindakan korporasi.                        plans.

2. Informasi/fakta/kejadian  penting               2. Other                       important
   lainnya yang material dan dapat                    information/facts/events   that    are
   mempengaruhi harga efek Perseroan                  material and may affect the price of
   yang belum diungkapkan kepada                      the Company's securities that have not
   publik                                             been disclosed to the public

Sampai saaat ini tidak ada kejadian                To date, there are no other important
penting lainnya yang material dan dapat            events that are material and may affect
mempengaruhi harga efek Perseroan                  the price of the Company's securities that
yang belum diungkapkan kepada publik.              have not been disclosed to the public.




                                           18/19
Page 19
 Demikian Penjelasan Perseroan terhadap           This   concludes      the     Company's
 Laporan Laporan Keuangan ini kami                explanation of the Financial Statements.
 sampaikan. Atas perhatiannya, kami               We thank you for your attention.
 sampaikan terima kasih

                                  Hormat kami Sincerely,
                            PT Sumber Mineral Global Abadi Tbk




                                   Mona Dita Saraswati
                                   Corporate Secretary

Tembusan:
- Otoritas Jasa Keuangan.




                                          19/19

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Names mentioned 12 people and organisations named in the text · linked when the evidence is strong

linked org Sumber Mineral Global Abadi Tbk p.1 ×5
possible org PT Bursa Efek Indonesia p.1 ×2
possible org Otoritas Jasa Keuangan p.19
unresolved org Indonesia Stock Exchange p.1 ×2
unresolved org PT Batuah Energi Prima p.4
unresolved org PT Iraksel Jaya Perkasa p.4
unresolved org PT Jasatama Mandiri Sukses p.10 ×2
unresolved person Wongso Indrajit p.11
unresolved org PT Jasatama p.12
unresolved org PT Mandiri Sukses p.12
unresolved org PT Jasatama Mandiri p.17
unresolved person Mona Dita Saraswati · Corporate Secretary p.19

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