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Nomor : 34/CS/RMKE/07/2024                                      Jakarta, 22 Juli 2024
Lampiran     :4

Kepada Yth.
Ibu Vera Florida
Kepala Divisi Penilaian Perusahaan 1
PT Bursa Efek Indonesia
Gedung Bursa Efek Indonesia, Tower 1 Lantai 6
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190, Indonesia

Perihal : Tanggapan atas Permintaan Penjelasan Bursa/ Responses to IDX’s Request for
          Explanation

Dengan hormat,

Merujuk pada surat PT Bursa Efek Indonesia Nomor S-07447/BEI.PP1/07-2024 yang kami
terima pada tanggal 18 Juli 2024 melalui IDXNET perihal Permintaaan Penjelasan Bursa.
Dengan ini kami untuk dan atas nama PT. RMK Energy Tbk (“Perseroan”) menyampaikan
penjelasan sebagai berikut:

Referring to the letter from the PT Bursa Efek Indonesia Number S-07447/BEI.PP1/07-2024
that we received on July 18, 2024 through IDXNET regarding Requests for Explanation. We
hereby for and on behalf of PT. RMK Energy Tbk (the “Company”) provides the following
explanation:

Nama Emiten / Issuer Name        : PT RMK Energy Tbk
Bidang Usaha / Scope of Business : Bergerak dalam bidang aktivitas penunjang
                                   pertambangan & penggalian lainnya, pelayanan
                                   kepelabuhan sungai & danau dan perusahaan holding.
                                   /Mining service & other excavation, river & lake port
                                   services and holding companies.
Telepon / Phone                  : +62 21 582 2555
Faksimili / Fax                  : +62 21 582 7555
Email                            : corsec@rmkenergy.com

1. Merujuk pada CALK 1 Umum, diketahui bahwa Perseroan memiliki anak yang bergerak
   di bidang usaha pertambangan batu bara yang masih beroperasi, yang diakusisi tahun
   2021 yaitu PT Truba Bara Banyu Enim (TBBE). Agar dijelaskan:
   a. Nilai pendapatan TBBE per 31 Maret 2024, 31 Maret 2023, dan 31 Desember 2023.
   b. Porsi pendapatan TBBE yang dijual/didistribusikan oleh Perseroan per 31 Maret 2024,
       31 Maret 2023, dan 31 Desember 2023.
   c. Porsi pendapatan Perseroan yang berasal dari penjualan batu bara hasil produksi
       TBBE per 31 Maret 2024, 31 Maret 2023, dan 31 Desember 2023.
   d. Persentase margin yang diperoleh TBBE dan margin yang diperoleh oleh
       Perseroan untuk penjualan batu bara hasil produksi TBBE.
   e. Apakah terdapat dokumen transfer pricing atas transaksi antara TBBE dan Perseroan?
       Lampirkan jika ada.

   Referring to CALK 1 General, it is known that the Company has a subsidiary engaged in
   the coal mining business which is still operating, which was acquired in 2021, namely PT
   Truba Bara Banyu Enim (TBBE). To explain:
Page 2
a. TBBE revenue value as of March 31, 2024, March 31, 2023, and December 31, 2023.
b. Portion of TBBE revenue sold/distributed by the Company as of March 31, 2024, March
   31, 2023, and December 31, 2023.
c. The portion of the Company's revenue originating from sales of coal produced by TBBE
   as of March 31 2024, March 31 2023 and December 31 2023.
d. Percentage of margin obtained by TBBE and margin obtained by the Company for
   sales of coal produced by TBBE.
e. Are there transfer pricing documents for transactions between TBBE and the
   Company? Attach if applicable.

Penjelasan Perseroan / The Company’s Explanation:
a. Rincian nilai pendapatan TBBE adalah sebagai berikut:

   Keterangan       31 Maret 2024          31 Maret 2023         31 Desember 2023
                         (Rp)                  (Rp)                    (Rp)
   Penjualan          8.341.138.856         162.175.034.692         409.713.715.606
   Batubara

b. Pendapatan TBBE dijual/ didistribusikan kepada pihak berelasi yaitu PT Royaltama
   Multi Komoditi Nusantara (Entitas anak Perseroan) dengan rincian sebanyak 100%,
   63,69%, dan 76,96% dari total pendapatan TBBE pada 31 Maret 2024, 31 Maret 2023,
   dan 31 Desember 2023. Sedangkan selebihnya merupakan pendapatan TBBE dari
   pihak ketiga.

c. Porsi pendapatan Batubara Perseroan yang berasal dari penjualan batu bara hasil
   produksi TBBE sebanyak 28,77%, 27,98%, 25,31% pada 31 Maret 2024, 31 Maret
   2023 dan 31 Desember 2023.

d. Persentase margin yang diperoleh PT Royaltama Multi Komoditi Nusantara (Entitas
   anak Perseroan) yaitu sebesar 29,40%, 22,97%, 24,41% pada 31 Maret 2024, 31
   Maret 2023 dan 31 Desember 2023.

e. Terlampir (Lampiran 1) TP-doc PT Royaltama Multi Komoditi Nusantara (RMKN)
   dimana RMKN merupakan customer dari TBBE.

a. The details of TBBE's income value are as follows:

   Information           March 31, 2024       March 31, 2023      December 31, 2023
                             (IDR)                (IDR)                (IDR)
   Coal Sales              8.341.138.856       162.175.034.692      409.713.715.606

b. TBBE income is sold/distributed to related parties, namely PT Royaltama Multi
   Komoditi Nusantara (a subsidiary of the Company) with details of 100%, 63.69% and
   76.96% of TBBE's total income on March 31 2024, March 31 2023 and 31 December
   2023. Meanwhile, the remainder is TBBE's income from third parties.

c. The portion of the Company's coal revenue originating from sales of coal produced by
   TBBE was 28.77%, 27.98%, 25.31% on March 31 2024, March 31 2023 and December
   31 2023.

d. The margin percentage obtained by PT Royaltama Multi Komoditi Nusantara (a
   subsidiary of the Company) is 29.40%, 22.97%, 24.41% on 31 March 2024, 31 March
   2023 and 31 December 2023.
Page 3
   e. Attached (Appendix 1) is the TP-doc of PT Royaltama Multi Komoditi Nusantara
      (RMKN) where RMKN is a customer of TBBE.

2. Pendapatan Perseroan untuk periode yang berakhir pada tanggal 31 Maret 2024 adalah
   sebesar Rp585.855.230.310 menurun sebesar Rp176.009.508.678 atau -23%
   dibandingkan dengan periode yang berakhir 31 Maret 2023 sebesar Rp761.864.738.988
   yang disebabkan oleh penurunan penjualan Batubara sebesar Rp87.410.495.454 dan
   penurunan penjualan jasa sebesar Rp88.599.013.224. Penurunan yang sama juga terjadi
   di tahun 2023 yang pendapatannya menurun -6,60% dari tahun 2022. Agar dijelaskan:
   a. Analisa manajemen terhadap penyebab penurunan batu bara.
   b. Analisa manajemen terkait seberapa besar dampak meningkatnya perhatian
        masyarakat mengenai isu lingkungan, terhadap penurunan pendapatan Perseroan.
   c. Strategi peningkatan pendapatan ke depannya.

   The Company's revenue for the period ending March 31, 2024 was Rp. 585,855,230,310,
   a decrease of Rp. 176,009,508,678 or -23% compared to the period ended March 31,
   2023, amounting to Rp. Coal amounted to Rp. 87,410,495,454 and a decrease in sales of
   services amounted to Rp. 88,599,013,224. The same decline will also occur in 2023,
   where revenue will decrease -6.60% from 2022. To explain:
   a. Management analysis of the causes of coal decline.
   b. Management analysis regarding how big the impact of increasing public attention
       regarding environmental issues is on the decline in the Company's income.
   c. Strategy for increasing future income.

   Penjelasan Perseroan / The Company’s Explanation:
   a. Penurunan penjualan Batubara terutama disebabkan oleh normalisasi harga Batubara
      yang menyebabkan rata-rata harga di Q1 2024 lebih rendah di banding Q1 2023.

   b. Perhatian masyarakat mengenai isu lingkungan terutama untuk kawasan Asia
      memang telah meningkat, akan tetapi sampai saat ini untuk kawasan Asia masih
      sangat tergantung dengan Batubara sebagai sumber energi utama, dan Perseroan
      berkeyakinan bahwa untuk beberapa tahun kedepan Batubara masih akan tetap
      sebagai sumber energi utama. Pada saat ini peningkatan perhatian masyarakat belum
      berdampak pada penurunan pendapatan Perseroan.

   c. Strategi peningkatan pendapatan kedepannya adalah sebagai berikut :
      - Melanjutkan penyelesaian proyek hauling road untuk membuka akses tambang
          potensial di Sumatera Selatan.
      - Menjalin Kerjasama dan kolaborasi dengan tambang-tambang potensial di
          Sumatera Selatan.
      - Meningkatkan penerapan GCG yang lebih baik khususnya dalam hal kepatuhan
          administrative terhadap regulator.

   a. The decline in coal sales was mainly due to the normalization of coal prices which
      caused the average price in Q1 2024 to be lower than Q1 2023.

   b. Public attention regarding environmental issues, especially in the Asian region, has
      indeed increased, but up to now the Asian region is still very dependent on coal as the
      main energy source, and the Company believes that for the next few years coal will
      still remain the main energy source. At this time, the increase in public attention has
      not had an impact on reducing the Company's income.
Page 4
   c. The strategy for increasing income in the future is as follows:
      - Continuing the completion of the hauling road project to open access to potential
         mines in South Sumatra.
      - Establishing cooperation and collaboration with potential mines in South
         Sumatra.
      - Improve better implementation of GCG, especially in terms of administrative
         compliance with regulators.

3. Menurut pengawasan Bursa, terdapat berita tanggal 5 Oktober 2023 mengenai gugatan
   perdata maupun pidana Direktorat Jenderal Penegakan Hukum Kementerian
   Lingkungan Hidup dan Kehutanan (KLHK) kepada Perseroan atas kerusakan
   lingkungan yang ditimbulkan dari aktivitas Perseroan. Merujuk tanggapan tanggal 11
   Oktober 2023, Perseroan menyebutkan bahwa Perseroan tidak mengetahui akan
   adanya gugatan perdata hingga pidana yang dipersiapkan untuk Perseroan.
   Sebelumnya Perseroan telah menerima keputusan penerapan sanksi administratif dari
   KLHK, berupa 17 rekomendasi yang perlu dilaksanakan Perseroan. Agar dijelaskan:
   a. Rincian pelanggaran Perseroan yang dikenakan sanksi.
   b. Apakah Perseroan telah memenuhi seluruh rekomendasi tersebut?
   c. Selain sanksi yang disebutkan di atas, apakah terdapat sanksi lain yang pernah
       diterima dari KLHK? Jelaskan.
   d. Hingga tanggal tanggapan, apakah terdapat gugatan hukum dari KLHK?

        According to Stock Exchange monitoring, there was news on October 5 2023
        regarding a civil and criminal lawsuit from the Directorate General of Law Enforcement
        of the Ministry of Environment and Forestry (KLHK) against the Company for
        environmental damage resulting from the Company's activities. Referring to the
        response dated October 11 2023, the Company stated that the Company was not
        aware of any civil or criminal lawsuits being prepared against the Company. Previously
        the Company had received a decision to apply administrative sanctions from the
        Ministry of Environment and Forestry, in the form of 17 recommendations that the
        Company needed to implement. To explain:
   a.   Details of the Company's violations subject to sanctions.
   b.   Has the Company fulfilled all of these recommendations?
   c.   Apart from the sanctions mentioned above, have there been any other sanctions that
        have been received from the Ministry of Environment and Forestry? Explain.
   d.   Until the response date, has there been a legal challenge from the Ministry of
        Environment and Forestry?

   Penjelasan Perseroan / The Company’s Explanation:
   a. Terlampir (Lampiran 2) rincian pelanggaran dan tindakan yang telah dilakukan
      Perseroan.
   b. Perseroan telah memenuhi seluruh rekomendasi tersebut pada Lampiran 2.
   c. Tidak terdapat sanksi lain yang pernah diterima dari KLHK.
   d. Sampai dengan tanggal tanggapan tidak terdapat gugatan hukum dari KLHK.

   a. Attached (Attachment 2) are details of the violations and actions that have been carried
      out by the Company.
   b. The Company has fulfilled all the recommendations in Appendix 2.
   c. No other sanctions have been received from the Ministry of Environment and Forestry.
   d. As of the date of the response there were no legal challenges from the Ministry of
      Environment and Forestry.
Page 5
4. Menurut pengawasan Bursa, terdapat berita tanggal 31 Agustus 2023 mengenai dugaan
   aktivitas ilegal Perseroan dan anak usaha di wilayah operasional. Merujuk tanggapan
   tanggal 31 Agustus 2023, diketahui bahwa pembelian tanah seluas sekitar 2.400 m2
   dilakukan dengan itikad baik dan telah dijamin oleh kepala desa keabsahannya.
   Namun sertifikat tanah tersebut masih belum diterbitkan sehingga Perseroan tidak
   dapat melakukan pengecekan ke Badan Pertahanan Nasional (BPN). Perseroan tidak
   mengetahui bahwa jalan tersebut adalah aset milik pemerintah daerah. Proses hukum
   berjalan dan telah terdapat penetapan tersangka oknum yang terlibat. Perseroan juga
   menyatakan akan patuh, kooperatif dan bertanggung jawab. Perseroan telah menitipkan
   dana untuk mengganti kerugian negara, kepada kejaksaan. Luasan lahan sengketa
   sekitar 1% dari area produktif dan tidak ada aktivitas operasional di atas lahan sengketa
   sehingga operasional berjalan seperti biasanya. Menurut manajemen tidak ada dampak
   signifikan terhadap kegiatan operasional. Agar dijelaskan:
   a. Status perkara tersebut saat ini.
   b. Apakah terdapat isu sengketa lahan lainnya? Jelaskan.

      According to the Exchange's supervision, there was news on August 31 2023
      regarding alleged illegal activities of the Company and its subsidiaries in the
      operational area. Referring to the response dated August 31 2023, it is known that the
      purchase of land covering an area of around 2,400 m2 was carried out in good faith
      and had been guaranteed by the village head of its validity. However, the land
      certificate has not yet been issued so the Company cannot check with the National
      Defense Agency (BPN). The company did not know that the road was an asset
      belonging to the regional government. The legal process is ongoing and a suspect has
      been identified as the person involved. The company also stated that it would be
      obedient, cooperative and responsible. The company has entrusted funds to
      compensate state losses to the prosecutor's office. The disputed land area is around
      1% of the productive area and there is no activity operations on disputed land so that
      operations run as usual. According to management there is no significant impact on
      operational activities. To explain:
   a. Current status of the case.
   b. Are there other land dispute issues? Explain.

   Penjelasan Perseroan / The Company’s Explanation:
   a. Status perkara tersebut sudah selesai dan memperoleh kekuatan hukum yang tetap
      /inkracht.
   b. Saat ini tidak terdapat isu sengketa lahan lainnya.

   a. The status of the case has been completed and has permanent legal force / inkracht.
   b. Currently there are no other land dispute issues.

5. Dengan mempertimbangkan semakin relevan dan pentingnya isu environmental,
   social, and governance (ESG) dalam pertimbangan keputusan ekonomi dan keuangan,
   agar dijelaskan:
   a. Strategi Perseroan ke depannya untuk mempertahankan kelangsungan bisnis ke
      depannya.
   b. Apakah Perseroan memiliki rencana untuk mengembangkan bisnis baru? Jelaskan.

      Taking into account the increasing relevance and importance of environmental, social
      and governance (ESG) issues in considering economic and financial decisions, please
      explain:
   a. The Company's strategy for the future is to maintain business continuity in the future.
   b. Does the Company have plans to develop new business? Explain.
Page 6
   Penjelasan Perseroan / The Company’s Explanation:
   a. Beberapa strategi Perseroan untuk mempertahankan bisnisnya kedepan antara lain
      dengan: Perseroan mengimplementasikan teknologi baru pada seluruh lini
      operasionalnya sebagai upaya pengendalian pencemaran lingkungan akibat debu
      Batubara, Perseroan melakukan optimalisasi penyerapan tenaga kerja lokal. Hal ini
      juga merupakan upaya untuk menciptakan hubungan yang harmonis antar Perseroan
      dan Masyarakat selaku bagian dari pemangku kepentingan, Perseroan menerapkan
      prinsip-prinsip GCG secara menyeluruh, sehingga Perseroan dapat meraih
      pertumbuhan usaha yang didasarkan pada penyediaan layanan yang kuat bagi
      pelanggan. Perseroan menjalankan prinsip GCG secara inklusif dan bertanggung
      jawab dalam hal menjaga kualitas, dan sebagai wujud pemenuhan kepada pemangku
      kepentingan. Dalam praktiknya, Perseroan meyakini dan menghadirkan timbal balik
      yang positif dengan tujuan untuk membangun hubungan yang harmonis dan dinamis
      antar Perseroan dan pemangku kepentingan. Penerapan GCG yang baik akan
      menghasilkan dampak baik untuk keberlangsungan bagi pertumbuhan bisnis
      Perseroan dalam jangka Panjang.

   b. Sampai saat ini Perseroan belum memiliki rencana untuk mengembangkan bisnis
      baru.

   a. Some of the Company's strategies to maintain its business in the future include: The
      Company implements new technology in all its operational lines as an effort to control
      environmental pollution due to coal dust, the Company optimizes the absorption of
      local workers. This is also an effort to create a harmonious relationship between the
      Company and the community as part of the stakeholders. The Company applies GCG
      principles as a whole, so that the Company can achieve business growth based on
      providing strong services to customers. The Company implements GCG principles
      inclusively and responsibly in terms of maintaining quality, and as a form of compliance
      with stakeholders. In practice, the Company believes in and provides positive
      reciprocity with the aim of building harmonious and dynamic relationships between the
      Company and its stakeholders. Implementing good GCG will have a positive impact
      on the sustainability of the Company's business growth in the long term.

   b. Until now the Company has no plans to develop new business.

6. Merujuk pada berita oleh CNBC Indonesia tanggal 19 April 2024 berjudul “Laba
   RMK Energy (RMKE) Turun 20,38% ke Rp308,9 M, Ini Penyebabnya”, setelah terdapat
   keterangan sebagai berikut:

   Direktur Utama PT RMK Energy Tbk, Vincent Saputra mengungkapkan, penurunan
   laba bersih tersebut karena hingga akhir tahun 2023, RMKE berhasil membukukan
   pendapatan usaha sebesar Rp2,6 triliun atau sedikit turun sebesar 6,6% YoY, namun
   pendapatan tersebut telah mencapai target yang telah disesuaikan Perseroan sebesar
   100%.

   "Pada pertengahan November tahun 2023, Perseroan telah kembali beroperasi normal
   usai menyelesaikan pemenuhan sanksi administrasi kepada regulator," ujarnya dalam
   konferensi pers di kantornya, Kamis (18/4).

   Agar dijelaskan:
   a. Rincian mengenai sanksi administratif yang dimaksud.
   b. Penyebab dari sanksi administratif.
   c. Dampak dari sanksi administratif.
Page 7
   d. Strategi pencegahan diberikannya sanksi administratif ke depannya.
   Referring to the news by CNBC Indonesia dated April 19 2024 entitled "RMK Energy
   (RMKE) Profit Drops 20.38% to IDR 308.9 B, This is the Cause", after the following
   statement:

   President Director of PT RMK Energy Tbk, Vincent Saputra, revealed that the decrease
   in net profit was because by the end of 2023, RMKE had managed to record operating
   income of IDR 2.6 trillion or a slight decrease of 6.6% YoY, but this income had reached
   the adjusted target. Company by 100%.

   "In mid-November 2023, the Company will return to normal operations after completing
   administrative sanctions to the regulator," he said in a press conference at his office,
   Thursday (18/4).

   To explain:
   a. Details regarding the administrative sanctions in question.
   b. Causes of administrative sanctions.
   c. Impact of administrative sanctions.
   d. The prevention strategy is to provide administrative sanctions in the future.

   Penjelasan Perseroan / The Company’s Explanation:
   a. Sanksi administrative dimaksud sesuai dengan jawaban no 3a.
   b. Adanya pelanggaran dan/atau ketidaktaatan terhadap peraturan perundang-
      undangan di bidang perlindungan dan pengelolaan lingkungan hidup.
   c. Diberhentikannya operasional Perseroan selama 2 bulan.
   d. Meningkatkan penerapan GCG yang lebih baik khususnya dalam hal kepatuhan
      administrative terhadap regulator.

   a. The administrative sanctions referred to are in accordance with answer number 3a.
   b. There are violations and/or non-compliance with laws and regulations in the field of
      environmental protection and management.
   c. The Company's operations were suspended for 2 months.
   d. Improving better implementation of GCG, especially in terms of administrative
      compliance with regulators.

7. Merujuk pada CALK 7 Piutang Usaha, diketahui bahwa porsi tingkat kerugian
   ekspektasian untuk piutang usaha dengan umur di atas 90 hari ditingkatkan pada tahun
   2023 dari 2,77% pada tahun 2022 menjadi kisaran 13% tahun 2023 dan 2024. Agar
   dijelaskan latar belakang pertimbangan peningkatan ini.

   Referring to CALK 7 Trade Receivables, it is known that the portion of the expected loss
   rate for trade receivables with a maturity of over 90 days will be increased in 2023 from
   2.77% in 2022 to around 13% in 2023 and 2024. Please explain the background to the
   considerations this increase.

   Penjelasan Perseroan / The Company’s Explanation:
   Secara umum, Perseroan memiliki kebijakan bahwa semakin lama umur piutang usaha
   yang belum tertagih, maka risiko tingkat kerugian ekspektasian diasumsikan juga akan
   meningkat. Perseroan mempertimbangkan kebijakan persentase estimasi yang lebih
   konservatif di tahun 2023 dan 2024. Asumsi persentase ECL akan terus disesuaikan
   secara berkala berdasarkan hasil evaluasi Perseroan terhadap riwayat kinerja penagihan
   dan estimasi di masa mendatang. Sampai dengan Juli 2024, sebesar 95,5% dari total
   piutang usaha yang tercatat pada 31 Desember 2023 telah tertagih.
Page 8
   In general, the Company has a policy that the longer the age of uncollectible trade
   receivables, the risk of expected loss levels is assumed to increase. The Company is
   considering a more conservative estimation percentage policy in 2023 and 2024. The ECL
   percentage assumption will continue to be adjusted periodically based on the results of
   the Company's evaluation of historical collection performance and future estimates. As of
   July 2024, 95.5% of the total trade receivables recorded on December 31, 2023 have been
   collected.

8. Merujuk pada CALK 8 Piutang lain-lain, diketahui bahwa piutang lain-lain sebesar Rp375
   miliar per 31 Maret 2024 terutama timbul dari biaya yang dibayarkan terlebih dahulu
   antar pihak berelasi. Akun-akun tersebut didenominasi dalam Rupiah, tidak dikenakan
   bunga dan akan diselesaikan dalam jangka waktu satu tahun. Merujuk pada CALK 30
   Sifat Hubungan dan Transaksi Pihak Berelasi, berikut merupakan rincian piutang lain-lain
   pihak berelasi:




   Diketahui bahwa PT Rantaimulia Kencana merupakan perusahaan yang dimiliki oleh
   pemegang saham pengendali yang sama.

   Agar dijelaskan:
   a. Rincian transaksi yang dibiayai terlebih dahulu oleh Perseroan untuk masing-masing
      pihak berelasi tersebut dengan mengisi tabel berikut:
                                                      Jumlah     Jumlah                  Tingkat Bunga,
              Nama Pihak                   Jumlah    Pinjaman   Pinjaman      Latar     atau manfaat lain    Tanggal
         No. (per transaksi)    Tanggal   Pinjaman     yang       yang      Belakang     yang diperoleh     Perkiraan
                               Pinjaman     Awal       Telah      Belum     Pemberian   Perseroan dengan    Pelunasan
                                                     Dilunasi    dilunasi   Pinjaman      memberikan
                                                                                            pinjaman




        Total
   b. Pemenuhan ketentuan POJK 42 Transaksi Afiliasi dan Transaksi Benturan
      Kepentingan atas transaksi-transaksi tersebut di atas.
   c. Dengan mempertimbangkan bahwa Perseroan merupakan perusahaan publik yang
      juga    dimiliki oleh masyarakat, agar dijelaskan bagaimana bentuk
      pertanggungjawaban Perseroan atas pemberian resource Perseroan untuk pihak
      berelasi.
Page 9
Referring to CALK 8 Other receivables, it is known that other receivables amounting to
IDR 375 billion as of March 31 2024 mainly arise from fees paid in advance between
related parties. These accounts are denominated in Rupiah, do not bear interest and will
be settled within one year. Referring to CALK 30 Nature of Related Party Relationships
and Transactions, the following are details of other receivables from related parties:




It is known that PT Rantaimulia Kencana is a company owned by the same controlling
shareholder.

To explain:
a. Details of transactions financed in advance by the Company for each related party by
   filling in the following table:
                                                     Repaid   Unrepai                  Interest Rate, or
             Party Name               Initial Loan    Loan    d Loan Background to       other benefits    Estimated
     No.         (per       Loan Date   Amount       Amount   Amount Providing Loans    obtained by the    Repayment
             transaction)                                                                Company by          Date
                                                                                        providing loans




     Total
b. Fulfillment of the provisions of POJK 42 Affiliate Transactions and Conflict of Interest
   Transactions for the transactions mentioned above.
c. Taking into account that the Company is a public company which is also owned by
   the public, it is important to explain the form of the Company's responsibility for
   providing Company resources to related parties.

Penjelasan Perseroan / The Company’s Explanation:

a. Table rincian transaksi terlampir pada lampiran 4

b. Manajemen Perseroan berkeyakinan bahwa transaksi pemberian piutang lain – lain
   telah sesuai dengan POJK No. 42/POJK.04/2022 terkait “Transaksi Afiliasi dan
   Transaksi Benturan Kepentingan”. Dimana piutang lain-lain tersebut merupakan
   transaksi berulang yang sudah ada sebelum Perseroan melakukan penawaran umum
   saham. Seluruh transaksi afiliasi telah dicatat dan diungkap dalam laporan keuangan
   pada tanggal periode pelaporan, serta tidak terdapat transaksi pemberian piutang lain-
   lain yang dapat berpotensi terganggunya kelangsungan usaha Perseroan.
Page 10
   c. Perseroan memperoleh manfaat baik secara langsung maupun tidak langsung atas
      pemberian piutang lain lain tersebut,antara lain karena dapet menunjang kegiatan
      bisnis Perseroan dan anak usaha, seperti beberapa investasi yang dilakukan
      Perusahaan afiliasi dilakukan untuk mendukung logistik penjualan batubara yang
      dilakukan entitas anak Perseroan

   a. Detail table in Attachment 4
   b. The Company's management believes that the transactions for granting other
      receivables are in accordance with POJK No. 42/POJK.04/2022 regarding "Affiliate
      Transactions and Conflict of Interest Transactions". Where other receivables are
      recurring transactions that existed before the Company conducted a public offering of
      shares. All affiliated transactions have been recorded and disclosed in the financial
      statements on the date of the reporting period, and there are no other receivables
      transactions that could potentially disrupt the continuity of the Company's business.
   c. The Company obtains benefits both directly and indirectly from the provision of other
      receivables, among other things because it can support the business activities of the
      Company and its subsidiaries, such as several investments made by affiliated
      companies to support the logistics of coal sales carried out by the Company's
      subsidiaries.

9. Merujuk pada CALK 19 Perpajakan, diketahui bahwa Perseroan membukukan utang
   pajak pasal 25 dan 29:




   Agar dijelaskan:
   a. Latar belakang terjadinya utang pajak. Apakah terdapat kurang bayar?
   b. Strategi pelunasan utang pajak penghasilan badan.
   c. Konsekuensi kurang bayar.

   Referring to CALK 19 Taxation, it is known that the Company recorded tax debts for articles 25
   and 29:




   To explain:
   a. Background to the occurrence of tax debt. Is there an underpayment?
   b. Corporate income tax debt repayment strategy.
   c. Consequences of underpayment.
Page 11
   Penjelasan Perseroan / The Company’s Explanation:
   a. PPH pasal 25 adalah jumlah terutang cicilan pajak untuk bulan periode pelaporan.
      Pasal 29 merupakan utang pajak tahunan yang akan jatuh tempo pada 30 April,
      sehingga pada periode pelaporan masi berupa utang pajak. Utang pajak lain-lain
      meruapakan utang pajak untuk entitas yang dimiliki secara tidak langsung dan
      beroperasi di luar negri.
   b. Semua utang pajak telah dilunasi sebelum jatuh tempo untuk menghindari denda
      keterlambatan pembayaran
   c. Konsekuensi kurang bayar adalah denda sebesar 2% per bulan.

   a. PPH article 25 is the amount of tax installments payable for the month of the reporting
      period. Article 29 is an annual tax debt which will mature on April 30, so that in the
      reporting period it will still be a tax debt. Other tax payables represent tax payables for
      entities that are indirectly owned and operate overseas.
   b. All tax debts have been paid before the due date to avoid late payment penalties
   c. The consequence of underpayment is a fine of 2% per month.

10. Merujuk pada CALK 20 Beban Yang Masih Harus Dibayar, terdapat beban akrual sebagai
    berikut:




   Agar dijelaskan:
   a. Rincian jasa pertambangan, termasuk rincian per pihak dan keterangan afiliasinya.
   b. Latar belakang peningkatan beban akrual lain-lain. Sertakan rincian beban lain-lain
      tersebut.
   c. Nature dari biaya akrual jasa profesional. Sertakan rincian per pihak dan keterangan
      afiliasinya.

   Referring to CALK 20 Accrued Expenses, there are accrued expenses as follows:




   To explain:
   a. Details of mining services, including details of each party and description of their
      affiliation.
   b. Background to the increase in other accrued expenses. Include details of these other
      expenses.
   c. Nature of accrued costs of professional services. Include details of each party and a
      description of their affiliation.
Page 12
Penjelasan Perseroan / The Company’s Explanation:

a. Rincian jasa pertambangan :

     Jenis Jasa          Pihak           Keterangan 31 Maret 2024            31 Desember        31 Desember
                                           Afiliasi                               2023               2022
                                                     Nilai (Juta Rp)         Nilai (Juta Rp)    Nilai (Juta Rp)
     Overburden      PT Royaltama           Afiliasi
      Removal            Mulia
                   Kontraktorindo Tbk                            -                    7,617           24.902
        Coal         PT Royaltama           Afiliasi
       Getting           Mulia
                   Kontraktorindo Tbk                            -                    1,788              -
       Coal          PT Royaltama           Afiliasi
      Hauling            Mulia
                   Kontraktorindo Tbk                            -                     599               -
        Coal         PT Kereta Api          Pihak
      Transport        Indonesia            ketiga                                 4.439               4.958
                       (Persero)                              2.144
     Sewa alat        Pihak ketiga          Pihak
       berat                                ketiga             165                  921                  -
                        Total                                 2.527               15.364              29.861

b. Latar belakang peningkatan beban disebabkan karena adanya reklasifikasi beban sewa
   alatberat yang diakui sebagai beban akrual lainnya pada periode 31 Maret 2024, berikut
   rincian beban jasa lainnya :

        Rincian       31 Maret 2024       31 Desember           31 Desember
                                               2023                  2022
                       Nilai (Juta Rp)    Nilai (Juta Rp)       Nilai (Juta Rp)
     Sewa alat
     berat                 1,004                       25               25
     Lain-lain                32                       70               32
     Total                 1,036                       95               57


c. Jasa profesional pada beban akrual adalah beban jasa profesional terkait notaris,
   aktuaria dan audit yang masih harus dibayar dan belum diterima tagihannya, berikut
   rincian jasa professional :

     Jenis Jasa       Pihak        Keterangan          31 Maret           31                31
                                     Afiliasi             2024        Desember          Desember
                                                       Nilai (Juta       2023              2022
                                                           Rp)        Nilai (Juta       Nilai (Juta
                                                                          Rp)               Rp)
                   Beberapa        Pihak
                   Kantor          Ketiga
                   Akuntan
     Jasa Audit    Publik                                    745             365               245
     Jasa          KKA Riana       Pihak
     Aktuaria      dan Rekan       Ketiga                        6                6               -
     Beban         Bank            Pihak
     provisi dan   Mandiri,        Ketiga
     bunga bank    BNI, BCA                                  508             458               418
Page 13
     Biaya iuran    Bursa Efek, Pihak
     tahunan        OJK         Ketiga
     regulator                                             85            85             350
                    Christina  Pihak
     Jasa           Dwi Utami, Ketiga
     Notaris        dll                                      7            7                7
     Total                                              1,352          921            1,020


a. Detail of mining services :

      Services           Parties        Detail of     31 March 2024    31 December       31 December
                                        affiliation                        2023              2022
                                                         Amount       Amount (Million       Amount
                                                       (Million Rp)         Rp)           (Million Rp)
     Overburden      PT Royaltama        Affiliated
      Removal             Mulia
                   Kontraktorindo Tbk                        -                7,617            24.902
        Coal         PT Royaltama        Affiliated
       Getting            Mulia
                   Kontraktorindo Tbk                        -                1,788               -
        Coal         PT Royaltama        Affiliated
       Hauling            Mulia
                   Kontraktorindo Tbk                        -                  599               -
        Coal         PT Kereta Api        Third
      Transport        Indonesia          Party                           4.439                 4.958
                       (Persero)                          2.144
       Heavy          Third parties       Third
     equipment                            Party                               921                 -
       rental                                              165
                         Total                            2.527          15.364                29.861
Page 14
    b. The background to the increase in expenses was due to the reclassification of heavy
       equipment rental expenses which were recognized as other accrued expenses in the
       period 31 March 2024, here are the details of other service expenses:

              Detail      31 March 2024          31 December        31 December
                                                     2023               2022
                               Amount           Amount (Million        Amount
                             (Million Rp)             Rp)            (Million Rp)
         Heavy
         equipment rent         1,004                     25               25
         Others                    32                     70               32
         Total                  1,036                     95               57


    c. Professional services in accrued expenses are expenses for professional services related
       to notaries, actuaries and audits that still have to be paid and bills have not yet been
       received, here are the details of professional services :

           Services       Parties           Detail of     31 March             31              31
                                            affiliation     2024          December        December
                                                                            2023            2022
                                                            Amount         Amount          Amount
                                                          (Million Rp)   (Million Rp)    (Million Rp)
                        Beberapa        Pihak
                        Kantor          Ketiga
         Audit          Akuntan
         Services       Publik                                    745           365             245
                        KKA Riana       Pihak
         Actuary        dan Rekan       Ketiga                      6                6              -
         Provision      Bank            Pihak
         and interest   Mandiri,        Ketiga
         expenses       BNI, BCA                                  508           458             418
         Regulator      Bursa Efek,     Pihak
         Annual fee     OJK             Ketiga                     85               85          350
                        Christina       Pihak
                        Dwi Utami,      Ketiga
         Notarial       etc                                         7              7               7
         Total                                                 1,352            921           1,020


11. Merujuk pada CALK 24 Tambahan Modal Disetor, diketahui bahwa nilai selisih nilai
    transaksi restrukturisasi entitas sepengendali (SNTRES) tidak berubah selama tiga
    tahun terakhir yaitu sebesar Rp2,6 miliar. Agar dijelaskan apakah tidak terdapat
    pelepasan aset, liabilitas, saham, atau instrumen kepemilikan lain yang mendasari
    terjadinya SNTRES?

   Referring to CALK 24 Additional Paid-in Capital, it is known that the difference in the value
   of restructuring transactions between entities under common control (SNTRES) has not
   changed over the last three years, namely IDR 2.6 billion. To explain whether there is no
   disposal of assets, liabilities, shares or other ownership instruments that underlies the
   occurrence of SNTRES?
Page 15
   Penjelasan Perseroan / The Company’s Explanation:
   SNTRES tidak berubah dalam 3 periode pelaporan terakhir karena tidak ada perubahan
   pengendalian dan/atau perubahan kepemilikan atas entitas anak yang mendasari
   terjadinya SNTRES.

   SNTRES has not changed in the last 3 reporting periods because there has been no
   change in control and/or change in ownership of the subsidiary that underlies the
   SNTRES.


12. Merujuk CALK 26 Beban Pokok Pendapatan, diketahui bahwa berikut merupakan
    pemasok >10%:




   Agar dijelaskan ketentuan kontrak untuk masing-masing pemasok, termasuk namun
   tidak terbatas pada jumlah (jika ada), rate dan jangka waktu.

   Referring to CALK 26 Cost of Revenue, it is known that the following are suppliers >10%




   To explain the contract provisions for each supplier, including but not limited to quantity
   (if any), rate and time period.

   Penjelasan Perseroan / The Company’s Explanation:

   Kontrak untuk masing-masing pemasok dilampirkan pada Lampiran 3.

   Contracts for each supplier are attached in Appendix 3.
Page 16
13. Merujuk pada CALK 27 Beban Umum Dan Administrasi, diketahui bahwa berikut adalah
    rinciannya:




   Agar dijelaskan:
   a. Nature dari beban sumbangan dan jamuan. Sertakan rinciannya.
   b. Latar belakang peningkatan sumbangan dan jamuan tiga tahun terakhir.
   c. Nature dari jasa profesional, serta perbedaannya dengan jasa profesional di beban
      akrual, jika ada.
   d. Rincian jasa profesional.

   Referring to CALK 27 General and Administrative Expenses, it is known that the following
   are the details:




   To explain:
    a. Nature of the burden of donations and entertainment. Include details.
    b. Background to the increase in donations and meals in the last three years.
    c. The nature of professional services, as well as differences from professional services
       in accrued expenses, if any.
    d. Details of professional services.
Page 17
Penjelasan Perseroan / The Company’s Explanation:

a. Beban sumbangan dan jamuan sebagian besar merupakan beban beban
   entertainment, corporate social responsibility dan sumbangan untuk kegiatan
   Masyarakat sekitar, berikut rincian nya :

       keterangan       31 Maret 2024     31 Maret 2023          31            31
                                                              Desember      Desember
                                                                2023          2022
    CSR                            136                    5           67            88
    Entertain                    2,393                  652        6,551         3,035
    Support
    kegiatan
    masyarakat                       9                    2           98            35
    Total                        2,538                  659        6,716         3,158

b. Peningkatan sumbangan dan jamuan dalam tiga tahun terakhir sebagian besar
   disebabkan Oleh makin luasnya wilayah operasional Perseroan, dan makin tingginya
   kesadaran Perseroan akan kepedulian terhadap lingkungan dan Masyarakat disekitar
   wilayah operasional Perseroan

c. Secara nature jasa professional merupakan biaya professional yang dibayarkan
   Perseroan. Dan tidak ada perbedaan dengan beban akrual. Pada beban akrual
   merupakan beban yang masih harus dibayar dan belum diterima tagihannya


d. Rincian jasa professional adalah sebagai berikut (dalam jutaan) :

      Keterangan        31 Maret         31 Maret        31 Desember       31 Desember
                          2024             2023              2023              2022
    Konsultan
    Perijinan                      -                -                  -         2,806
    Konsultan
    hukum                      182              98                 488           2,589
    Audit Laporan
    Keuangan                   500              30                 570             367
    Notaris                     47             166                 811              22
    Konsultan
    pajak                      100              36                 315             270
    Jasa Penilai                 -             135                 135               -
    Laporan
    tahunan                        -                -              119             125
    Event
    Organizer                      -                -                -             198
    Jasa Aktuaria                  -                -               11              23
    Penterjemah                    -                -                -               9
    Iuran tahunan
    regulator                  274             250                 353              72
Page 18
a. Donations and entertainment expenses are mostly expenses for entertainment,
   corporate social responsibility and donations for local community activities, here are
   the details :

        Description         31 March          31 March            31             31
                              2024              2023           December       December
                                                                 2023           2022
     CSR                             136                 5             67             88
     Entertainment                 2,393               652          6,551          3,035
     Support
     ommunity
     activities                        9                 2              98            35
     Total                         2,538               659           6,716         3,158


b. The increase in donations and entertainment in the last three years is largely due to
   the wider operational area of the Company, and the Company's increasing awareness
   of its concern for the environment and the community around the Company's
   operational area.

c. By the nature, professional services are professional fees paid by the Company. And
   there is no difference with accrued expenses. Accrued expenses are expenses that
   still have to be paid and have not yet been billed


d. Details of professional services are as follows (in millions Rupiah):
      Description       31 March        31 March        31 December          31 December
                           2024           2023                2023               2022
    Permit
    Consultant                     -              -                      -         2,806
    Lawyer                      182              98                  488           2,589
    Audited
    Financial
    Statement                   500              30                  570             367
    Notary                       47             166                  811              22
    Tax consultant              100              36                  315             270
    Appraisal                      -            135                  135               -
    Annual report                  -              -                  119             125
    Event
    Organizer                      -              -                      -           198
    Actuary                        -              -                   11              23
    Translator                     -              -                      -             9
    Annual fee
    regulatory                  274             250                  353              72
Page 19
14. Merujuk pada CALK 29 Pendapatan Lain-Lain Bersih, diketahui bahwa berikut adalah
    rinciannya:




   Agar dijelaskan rincian beban/pendapatan lain-lain.

   Referring to CALK 29 Net Other Income, it is known that the following are the details:




   To explain the details of other expenses/income.

   Penjelasan Perseroan / The Company’s Explanation:

    Berikut rincian dalam jutaan Rupiah :
       Description       31 Maret 2024       31 Maret 2023      31 Desember       31 Desember
                                                                    2023              2022
   Pendapatan
   Despatch                        1,606                    -                 -                 -
   Pendapatan
   lainnya                               -                  -                 -              252
   Penjualan Scrap
   dan asset                         261                   -              748                333
   Pendapatan klaim                    -                  73              757                338
   Beban
   administrasi dan
   provisi                         (273)              (1,200)         (2,296)               (184)
   Selisih stock
   Opname                               -                  -                -               (345)
   Total                             (86)                283              400               (140)
Page 20
   Following are the details in millions of Rupiah :


      Keterangan        31 March 2024       31 March 2023        31 December       31 December
                                                                     2023              2022
   Despatch Income                 1,606                     -                 -              -
   Other Income                        -                     -                 -            252
   Scrap and asset
   sales                             261                    -            748                333
   Claim Income                        -                   73            757                338
   Administration
   and provision
   expenses                         (273)              (1,200)        (2,296)              (184)
   Difference in
   stock take                           -                   -              -               (345)
   Total                             (86)                 283            400               (140)

15. Merujuk CALK 31 Sifat Hubungan dan Transaksi Pihak Berelasi, berikut adalah
    perbandingan antara pendapatan dan piutang usaha pihak berelasi.




   Apabila dibandingkan, maka diketahui bahwa terdapat piutang usaha – lain-lain
   yang terindikasi sebagian berumur lebih dari 3 tahun. Agar dijelaskan:
   a. Rincian piutang usaha lain-lain, termasuk pihak, sifat afiliasi, dan umur piutang.
   b. Strategi penagihan piutang.
   c. Latar belakang belum dilunasinya piutang usaha.
   d. Porsi penyisihan penurunan piutang usaha untuk masing-masing kategori piutang
      usaha pihak berelasi, serta alasannya.
Page 21
Referring to CALK 31 Nature of Related Party Relationships and Transactions, the
following is a comparison between income and trade receivables of related parties.




When compared, it is known that there are trade and other receivables, some of which
are indicated to be more than 3 years old. To explain:
a. Details of other trade receivables, including parties, nature of affiliation, and maturity of
    receivables.
b. Receivables collection strategy.
c. The background to the non-payment of business receivables.
d. Portion of allowance for impairment of trade receivables for each category of trade
    receivables from related parties, and the reasons.


Penjelasan Perseroan / The Company’s Explanation:

a. Rincian piutang usaha lain-lain adalah sebagai berikut :

     Nama Customer          31 Maret 2024          31 Desember            31 Desember
                                                   2023                   2022
     PT Royaltama
     Mulia
     Kontraktorindo                         486                    486                       -
     PT Mekasindo
     Kencana
     Ekaperkasa                             987                    987                    987
     PT Bahtera Mulia
     Kencana                                340                    340                    340
     Total                                1.813                  1.813                  1.327
Page 22
   Rincian sifat afiliasi dan umur piutang untuk ketiga customer diatas adalah Dimiliki oleh
   pemegang saham pengendali yang sama. Per 31 Maret 2024, seluruh piutang afiliasi
   diatas memiliki umur piutang lebih dari 90 hari.
b. Strategi penagihan piutang adalah dengan melakukan koordinasi kepada pihak
   terkait agar melakukan pembayaran atas invoice terhutang
c. Pada saat itu Perseroan lebih fokus untuk penagihan kepada pihak ketiga
   dikarenakan manajemen berkeyakinan pihak berelasi dapat ditagih 100%.
d. Tidak terdapat penyisihan penurunan piutang untuk pihak berelasi dikarenakan
   manajemen berkeyakinan semua piutang usaha pihak berelasi dapat tertagih

a. Details of other trade receivables are as follows:

     Customer Name         31 March 2024        31 December            31 December
                                                2023                   2022
     PT Royaltama
     Mulia
     Kontraktorindo                       486                   486                       -
     PT Mekasindo
     Kencana
     Ekaperkasa                           987                   987                   987
     PT Bahtera Mulia
     Kencana                              340                   340                   340
     Total                              1.813                 1.813                 1.327

   Details of the nature of affiliation and maturity of receivables for the three customers
   above are owned by the same controlling shareholder. As of March 31, 2024, all
   affiliate receivables above have a receivable maturity of more than 90 days.
b. The strategy for collecting receivables is to coordinate with related parties to make
   payments on outstanding invoices
c. At that time the Company was more focused on billing third parties because
   management believed that related parties could be billed 100%.
d. There is no allowance for decreasing receivables for related parties because
   management believes that all trade receivables from related parties are collectible.
Page 23
16. Merujuk pada 36 Informasi Tambahan Untuk Arus Kas, berikut merupakan rinciannya:




   Agar dijelaskan:
   a. Rincian skema penambahan aset tetap dari utang usaha.
   b. Rincian skema penambahan properti pertambangan dari utang usaha.

   Referring to 36 Additional Information for Cash Flow, the following are the details:




   To explain:
   a. Details of the scheme for adding fixed assets from business debts.
   b. Details of the scheme for adding mining properties from business debts.
Page 24

          

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Names mentioned 18 people and organisations named in the text · linked when the evidence is strong

linked org RMK Energy Tbk p.1 ×16
linked person Vincent Saputra p.6 ×2
linked org PT Rantaimulia Kencana p.8 ×3
linked org PT Royaltama Mulia Kontraktorindo p.21 ×3
possible org PT Bursa Efek Indonesia p.1 ×4
unresolved person Vera Florida Kepala Divisi Penilaian p.1
unresolved org PT Truba Bara Banyu Enim p.1 ×2
unresolved org PT Royaltama Multi Komoditi Nusantara p.2 ×6
unresolved org Direktorat Jenderal Penegakan Hukum Kementerian Lingkungan Hidup dan Kehutanan p.4
unresolved org Directorate General of Law Enforcement p.4
unresolved org Ministry of Environment and Forestry p.4 ×6
unresolved org Pertahanan Nasional p.5
unresolved org PT Royaltama p.12 ×6
unresolved org Mulia Kontraktorindo Tbk p.12 ×6
unresolved org PT Kereta Api p.12 ×2
unresolved — dll · Notaris p.13
unresolved org PT Mekasindo Kencana Ekaperkasa p.21 ×2
unresolved org PT Bahtera Mulia Kencana p.21 ×2

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